Bloomberg Daybreak: Asia Edition

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to S jobs and CPI data, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to International Energy Week in London.
In Asia – a look ahead to Softbank Earnings.

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Business and finance news from the Asia-Pacific
Global stocks extended their tumble into Asian trading on Friday after heavy losses in US tech stocks and cryptocurrencies sapped risk appetite. Silver slid again, while Treasuries stabilized. Further denting sentiment, Amazon.com Inc. shares tumbled 10% in after-hours trading after the company said it plans to spend $200 billion on AI this year. The tech sector seems set for more losses with futures contracts for the Nasdaq 100 sliding 1%. For more on the global selloff, we spoke to Winnie Hsu, Bloomberg's Asia Equities Reporter.
Plus - Japan is preparing for a snap lower-house election that could reshape the country's political balance at a moment of economic strain and regional uncertainty. Prime Minister Sanae Takaichi — who has only been in the top job for just over three months — has set the election date for Feb. 8 to capitalize on soaring public support to shore up her coalition government. Takaichi has already made a mark by bringing forward an increase in defense spending, unveiling the biggest extra budget since pandemic restrictions were eased, and ruffling feathers in China over her comments on Taiwan. We get a preview from Bloomberg's Sakura Murakami. She covers politics in Japan.
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Business and finance news from the Asia-Pacific
Asian stocks extended their slide into a second day as a retreat from tech deepened, fueled by investor anxiety over frothy valuations and the massive scale of artificial intelligence spending. For more the tech selloff, we spoke to Lianting Tu, Bloomberg's Managing Editor for Asia Equities.
Plus - Rotation out of tech was the main theme during the US session and software firms saw another wave of selling, with hundreds of billions of dollars wiped off the value of stocks, bonds and loans of companies across Silicon Valley. We heard from Hartmut Issel, UBS Wealth Management Head of APAC Equities and Credit. He spoke to Bloomberg's Shery Ahn and Avril Hong on the Asia Trade.
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Business and finance news from the Asia-Pacific.
President Donald Trump's nomination of Kevin Warsh to head the Federal Reserve has led investors in short-term interest rates to hedge against deeper policy easing this year than the broader market currently anticipates. Since Trump's Friday announcement, flows in options linked to the Secured Overnight Financing Rate — which closely tracks the central bank's path — have reflected bets on a more dovish tilt once Warsh takes his post in time for the Fed's June meeting. He must first be confirmed by the Senate. For more perspective, we spoke to William Lee, Chief Economist at Global Economic Advisors.
Plus - Most Asian stocks dropped after a tech selloff dragged down US benchmarks and saw a rotation into more economically sensitive industries. Japanese and Australian equities both opened lower. The US declines were fueled by concern advances in artificial intelligence will decimate software companies and hurt profitability across the tech industry. For more on the market action, we heard from Christian Nolting, Global Chief Investment Officer at Deutsche Bank. He spoke to Bloomberg's Shery Ahn and Avril Hong on the Asia Trade.
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Business and finance news from the Asia-Pacific.
Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world's richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration. The acquisition of xAI was announced in a statement on SpaceX's website signed by Musk and confirming a Bloomberg News report earlier Monday. The deal gives SpaceX a valuation of $1 trillion, and xAI a value of $250 billion, people familiar with the matter said. The combined company's valuation was announced to employees in a memo on Monday, some of the people said earlier.
Asian stocks climbed after their steepest two-day drop since April as markets found footing following sharp swings in gold and silver that sent ripples across assets. The precious metals rose in early trading. For more on what is moving the markets, we spoke to Paul Dobson, Bloomberg's Executive Editor for Asia Markets.
President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil, easing months of tension between the two countries. Following a phone call with Modi, Trump said on social media that he would cut a US levy on Indian goods to 18% from 25%. The US President is also removing an extra punitive 25% duty applied in response to India's purchases of crude from Russia, according to officials familiar with the matter. We got reaction from Basant Sanghera, Managing Principal at the Asia Group. He spoke to Bloomberg's Paul Allen and Shery Ahn.
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