rishaad: south korea has also been involved as well. they have been taking action on domestic tech players. this is drawing parallels with what happened with china. google is the latest to feel the heat here. we caught up with the chairperson of the fair trade commission and we have an exclusive interview. >> we are going to see what they make. we are actually investigating this. in the case, there might be a hampering of storage. after the investigation is completed, our deliberation process could start shortly. we are investigating the physical entirety. also, payment services as well. >> it seems south korea is taking the lead in laws -- what are the priorities in terms of tech regulation? do you have any specific goals? >> online platforms are players of innovation. for us, our top priority is to maintain the market. in order to maintain the innovation in the market, we have tried to intervene the market. this is to protect our competition in the market. at the same time, in order to enhance an invasion in the market, we are trying

david: breaking news out of south korea. this is on that rate decision we just had, it was not unanimous. two members opposing. yvonne: i think it is a sign that november is pretty much live now when it comes to the next rate hike. it will not address the debt issues and the physical rebalancing that they need to do. they will decide whether to hike rates at the next meeting. there you go. rishaad: we have more coming from the bank of korea governor after. more on the first word news. we joined vonnie quinn. vonnie: the decision is made, the imf has decided to keep kristalina georgieva as managing director, reaffirming full confidence in her leadership. they had been examining allegations of improper actions during her time at the world bank. treasury secretary janet yellen said in the last few minutes, there was no basis for a change in imf leadership. kristalina georgieva also one support from the u.s., france, and the united kingdom. southwest airlines has apologized for canceling more than 3000 flights over four days. th

south korea expressed deep regret. it's president has been a proponent of reconciliation with north korea. it is deeply concerned about what is going on in the north because it is developing these weapons, which are designed to strike primarily japan and south korea. rishaad: thanks a lot, john herskovitz. if you bits of news coming out of vietnam, the prime minister thinking that export growth will be about 10% higher this year than last year. inflation will stay below 4%. there's been a lot of consternation in vietnam about the number of people who left the urban centers and resulted in the apparel industry facing a 50% worker shortage. ho chi minh city, 230 thousand workers returning to factories. that is better news for the supply chain. rishaad: at least we are seeing some good news given that some things are reopening. we are looking at china property. we are waiting for clues on the dollar payment. new home prices that came out earlier this morning, prices falling for the first time since 2015, so it goes to sho

south korea meanwhile is set to launch a home developed rocket on thursday. the rocket carrying a dummy payload is scheduled to lift off at about 4:00 p.m. local time on the country's southern coast. south korea sees the program faulting its competitiveness, while helping put more eyes in the sky is the north adds to its own arsenal. global news 24 hours a day powered by more than 2700 journalists and analysts in 120 countries. i'm su keenan. this is bloomberg. david: eight out of the 11 sector groups are up, led by energy. commodities also leading unsurprisingly. yvonne: taking a look at when it comes to thermal coal futures in china. we are a little bit down once again for a second day on the prospect of beijing weighing these intervention measures to try to tame and stabilize supply. also, they are trying to fight speculators out there as well. there is a lot of speculation out there whether this is going to last very long. given how the metals rally has taken a bit of apposite, but we see copper. >> let's get to our next guest. joining us from singapore,

south korea has also released a statement expressing concern over the scope of the u.s. request. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. yvonne: just an alert crossing the bloomberg right now. the house majority leader talking about that bill that needs to be passed in the house now after the senate voted a couple of hours now to extend that debt limit. they are going to be convening on october 12, next tuesday, to pass that stopgap measure. david: sleep well, you guys. don't worry anymore. borders have been tightly shut. our next guest joins us to talk about airlines, shipping, and everything in between. yvonne: and we talk about why a high-yield market in china could be a buy. we will see if that is still the case. this is bloomberg. ♪ yvonne: after months of resilience in the face of concern over evergrande, you can take a look at china's over $12 trillion domestic credit market. david: we were looking at the range of engagement. the onshore/o

behind south korea for the first time in four years. global news, 24 hours a day, on air and on bloomberg quicktake, powered by 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn, this is bloomberg. ivanka: take a look at live pictures out of beijing. the china national bureau of statistics talking about the data dump we got out of china. third-quarter quarter gdp number, which did miss. to talk about more of their outputs and commodities as they see that this crisis is consuming to that drag down in growth when it comes to the october/september numbers when it comes to third-quarter gdp. i think it has surpassed economist out there just how severe this energy crisis has had with the property slowdown on the economy. for bloomberg groups -- subscribers, check out live go as it continues. let's bring in our guest. what we are expecting out of the fourth quarter, let's bring in the doctor. rishaad: the effects and ubs global wealth management. when you see the prices up from last monday, 25%, looking at base metals

we see big ones in japan, south korea on the back of the scoop that the company is set to cut iphone 13 production due to supply chain issues. rishaad: we are looking at 19 million units. 10 million less than what the thinking is currently. these are some of the apple suppliers for the supply chain that is very much under a bit of pressure right now. yvonne: let's get to debbie wu, the order who broke the story. is this much of a surprise, given the supply chain we have seen for much of this year? >> i have to say it comes as a surprise because apple is the biggest bar of semiconductors in the world. and it comes to procuring components. but now we are seeing the chip shortage affecting apple's flagship products. consumers after weight a month before they can get their hands on the iphone seven after the late stage orders. rishaad: is there any particular element of this semiconductors. is there any other part of the supply chain partly responsible for all of this? >> apple is being hit with insufficient supply from to u.s. makers. that's texas instruments and qualcomm. they supply a

mainland markets are shut as well as south korea so you don't get the same volumes overall. quick glance at movers. we are looking at -- to at least two. a copper and energy story. there ago, 2.5% in singapore. yvonne: a government minister has administered that the administration can do a better job communicating its virus strategy to attempt the presidential frustration over confusing signals on the financial hub reopening plants. rishaad: let's get more on this. we heard about divisions within the ruling party. is this info -- evidence of that infighting? reporter: the perceived mixed-signal sent by the party leaders who are also the government ministers in charge of the endemic task force have created confusion on the ground as to whether singapore will charge ahead with reopening or recoil in the wake of rising cases. there is simmering frustrations that are representative of the audit sentiments in the society right now on what is the strategy going forward? yvonne: how will they address it then? reporter: the leaders of the task force have acknowledged that there are

., france, spain, italy, denmark, and south korea. it appears that these countries were selected to reinstate singapore as a business hub, given that these are all major trading partners. the new rules do favor business travel, and some families travel to some extent, because you have to note that unvaccinated children are not allowed on these vaccinated travel lanes. singapore's transport minister just spoke to us to say that the country is keen on australia, new zealand and japan. that is pretty much a broad hint. the other countries to watch out for would be india, malaysia, and other southeast asian countries were virus cases are coming down -- where virus cases are coming down. david: there are people in the population who do not agree with the reopening. some are calling for the reversion back to covid zero policies. that's not surprising, given how hot of a topic it is. how is the government handling that divergence? >> the prime minister took some time to discuss this. his main point was that singapore and the residence need t

north korea. he is saying that these are extremely regrettable and they are gathering more information. once we do have more, we will bring it to you. we've got a lot more on the way, we will have a look at this story in more detail. this is bloomberg. ♪ yvonne: here's your latest business flash headlines. iron ore headlines slumped 4% in the september quarter due to a september maintenance work and labor shortages. the world's biggest miner reported total sales of 71 million tons lower than the previous quarters 74 million. top iron ore miners have struggled to maintain shipment levels given global supply chain disruptions and operational challenges. the insurance company owned by the hong kong billionaire is said to be facing increased scrutiny by u.s. regulators. following the plan to new york listing. sources say the insurer has not been able to secure approval for the u.s. ipo with the sec asking about risks, such as chinese regulations. bloomberg has been told it is unlikely to be complete