On today's episode, we track the trading action in Asia following a selloff in the US that wiped out more than $1 trillion in market value. We speak with Ben Harburg, Founder and Portfolio Manager at CoreValues Alpha. Plus - a look at how fears around recession risks and trade policy have catalyzed the rout in global equities. We hear from Scott Ladner, Chief Investment Officer at Horizon Investments.

On today's episode, we track the trading action in Asia following a selloff in the US that wiped out more than $1 trillion in market value. We speak with Ben Harburg, Founder and Portfolio Manager at CoreValues Alpha. Plus - a look at how fears around recession risks and trade policy have catalyzed the rout in global equities. We hear from Scott Ladner, Chief Investment Officer at Horizon Investments.

Listen for business and finance news centered in the Asia-Pacific region. 

Host Doug Krizner brings you insight and analysis on the day's top stories from China, India, Japan, Korea, Hong Kong, Singapore, Australia and more.

Listen for business and finance news centered in the Asia-Pacific region. Host Doug Krizner brings you insight and analysis on the day's top stories from China, India, Japan, Korea, Hong Kong, Singapore, Australia and more.

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

Bloomberg Daybreak: Asia Edition

US Stock Selloff Extends to APAC Markets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/afe63aa9-6bc2-486d-a9be-b29d00213e5c/transcript

Business and finance news from the Asia-Pacific.

Micron Technology, the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong. Revenue will be approximately $50 billion in the fiscal fourth quarter, which runs through August, the company said in a statement Wednesday. Analysts estimated $43.2 billion on average. Excluding some items, profit will be about $31 a share, compared with a projection of $25.31. For more on the market reaction, we speak to Jed Ellerbroek, Portfolio Manager at Argent Capital Management.

Plus - Canada plans to send warships to the Indo-Pacific in two deployments this year, its defense minister said, part of a move to deepen military ties with regional allies even as Ottawa also endeavors to build closer trade relations with China. Defense Minister David McGuinty speaks to Bloomberg TV host Shery Ahn

Business and finance news from the Asia-Pacific.
Micron Technology, the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong. Revenue will be approximately $50 billion in the fiscal fourth quarter, which runs through August, the company said in a statement Wednesday. Analysts estimated $43.2 billion on average. Excluding some items, profit will be about $31 a share, compared with a projection of $25.31. For more on the market reaction, we speak to Jed Ellerbroek, Portfolio Manager at Argent Capital Management.
Plus - Canada plans to send warships to the Indo-Pacific in two deployments this year, its defense minister said, part of a move to deepen military ties with regional allies even as Ottawa also endeavors to build closer trade relations with China. Defense Minister David McGuinty speaks to Bloomberg TV host Shery Ahn

Micron Forecast Shatters Estimates, Canada to Send Warships to Indo-Pacific

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2c9ae881-2c87-4783-bcb3-b4740013c67b/transcript

Business and finance news from the Asia-Pacific.

The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal. Vice President JD Vance, attending the discussions in Switzerland, described the first round of negotiations as "very, very good" and said Iran had agreed to allow nuclear inspectors back into the country — a claim later backed up by President Donald Trump. But Iranian officials, who also cited progress, challenged that claim, saying Vance's assertion was "false and does not reflect reality." For a closer look at what is going on in the oil market, we speak to Stephen Stapczynski, Bloomberg's Asia Energy Team Leader. 

Plus - The World Economic Forum's Annual Meeting of the New Champions, often known as "Summer Davos", will be held this week in the Chinese port city of Dalian. This year's theme is "Innovating at Scale" and will bring together global leaders from government, business and academia, along with innovators and representatives from international organizations, media and civil society. Bloomberg's Stephen Engle sits down with Andre Hoffmann, World Economic Forum Co-Chair. 

Business and finance news from the Asia-Pacific.
The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal. Vice President JD Vance, attending the discussions in Switzerland, described the first round of negotiations as "very, very good" and said Iran had agreed to allow nuclear inspectors back into the country &mdash; a claim later backed up by President Donald Trump. But Iranian officials, who also cited progress, challenged that claim, saying Vance's assertion was "false and does not reflect reality." For a closer look at what is going on in the oil market, we speak to Stephen Stapczynski, Bloomberg's Asia Energy Team Leader.&nbsp;
Plus - The World Economic Forum's Annual Meeting of the New Champions, often known as "Summer Davos", will be held this week in the Chinese port city of Dalian. This year's theme is "Innovating at Scale" and will bring together global leaders from government, business and academia, along with innovators and representatives from international organizations, media and civil society. Bloomberg's Stephen Engle sits down with Andre Hoffmann, World Economic Forum Co-Chair.&nbsp;

Iran Oil Waiver Offers Lifeline to Tehran as Talks Proceed

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fa9e7639-d249-4f03-af13-b472001e6639/transcript

Business and finance news from the Asia-Pacific.

Oil gave up early gains and Asian stocks climbed as investors welcomed signs of diplomatic progress between the US and Iran. "Encouraging progress has been made including the creation of a mechanism for further technical talks," mediators Qatar and Pakistan said in a joint statement. The sides also established a communication line to avoid incidents and miscalculation, with the aim of ensuring safe passage for commercial vessels through the Strait of Hormuz. Technical-level discussions will continue this week. We speak to Paul Dobson, Bloomberg's Executive Editor for Asia Markets.

Plus - for more on the market moves, Bloomberg TV hosts Yvonne Man and Avril Hong spoke to Cusson Leung,  KGI International Wealth Management.

Business and finance news from the Asia-Pacific.
Oil gave up early gains and Asian stocks climbed as investors welcomed signs of diplomatic progress between the US and Iran. "Encouraging progress has been made including the creation of a mechanism for further technical talks," mediators Qatar and Pakistan said in a joint statement. The sides also established a communication line to avoid incidents and miscalculation, with the aim of ensuring safe passage for commercial vessels through the Strait of Hormuz. Technical-level discussions will continue this week. We speak to Paul Dobson, Bloomberg's Executive Editor for Asia Markets.
Plus - for more on the market moves, Bloomberg TV hosts Yvonne Man and Avril Hong spoke to Cusson Leung, &nbsp;KGI International Wealth Management.

Oil Drops, Asia Stocks Rise on Iran Talks Progress

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ced1e595-af9b-4207-8183-b47100335281/transcript

US Stock Selloff Extends to APAC Markets

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