# Investors Focus on Iran Talks, Apple Names a New CEO

An episode of [Bloomberg Daybreak: Asia Edition](https://invisiblenetwork.ai/podcast/1663863437), 21 Apr 2026, 17 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/58e85be7-dbb5-4043-afed-af80014dc0b3/0bec3f6f-c942-48f8-93ce-b4330011f205/audio.mp3?utm_source=Podcast&in_playlist=27143354-63aa-4ac5-965d-af80014dc0d3

Business and finance news from the Asia-Pacific. Asian stocks edged higher as signs Iran may join talks with the US fostered cautious optimism about progress in the Middle East ahead of a looming ceasefire deadline. Oil dropped. We spoke to Patrick Kennedy, Founder & Managing Partner, AllSource Investment Management. Plus - Apple Inc. Chief Executive Officer Tim Cook will hand the reins to hardware boss John Ternus later this year, capping a 15-year tenure that turned the company into a $4 trillion business spanning watches, video streaming and financial services. Ternus will become CEO on Sept. 1, when Cook will transition to executive chairman, the company said in a statement Monday. Ternus, 50, has served as head of hardware engineering since 2021 and spent 25 years focused on product development at the iPhone maker. Bloomberg News previously reported that Ternus was Cook's heir apparent. Bob O' Donnell is President and Chief Analyst at TECHnalysis Research and he spoke to Bloomberg's Haidi Stroud-Watts and Shery Ahn. See omnystudio.com/listener for privacy information.

## Transcript

[0:00] Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
[0:11] Speaker 2: Welcome to the Daybreak Asia podcast. I'm deg Prisner. The
[0:14] Speaker 2: warri in Iran has been dominating investor psychology since the
[0:17] Speaker 2: end of February, and to say it's been a headline
[0:20] Speaker 2: driven market would be a huge understatement. Monday, for example,
[0:24] Speaker 2: President Trump said he's not likely to extend the two
[0:27] Speaker 2: week ceasefire now. This truce expires Wednesday evening Wall Street Time.
[0:32] Speaker 2: Trump also told Bloomberg there was the possibility for some
[0:35] Speaker 2: more time for negotiations. Buddy also said it's highly unlikely
[0:39] Speaker 2: that he would extend the deadline if no deal is
[0:41] Speaker 2: reached before then, and at the same time, Trump reiterated
[0:45] Speaker 2: the Strait of horm Moves will stay blockaded for now.
[0:48] Speaker 2: So the next negotiating session between the US and Iran
[0:51] Speaker 2: is expected to take place Tuesday in Pakistan. Vice President
[0:56] Speaker 2: Jdvance will be leading the US delegation, and we're being
[0:59] Speaker 2: told has also sent a team. Earlier, in a post
[1:02] Speaker 2: on x the speaker of the Iranian parliament accused President
[1:06] Speaker 2: Trump of trying to force Iran's surrender now. During New
[1:10] Speaker 2: York Trading crude prices rally WTI for May was up
[1:14] Speaker 2: by around seven percent, but in early Asian trading, prices
[1:18] Speaker 2: are drifting lower, with WTI down more than one and
[1:21] Speaker 2: a half percent right now trading around eighty eight dollars. Incidentally,
[1:24] Speaker 2: on Monday, City Group said that oil prices could rise
[1:28] Speaker 2: to one hundred and ten bucks if traffic in the
[1:30] Speaker 2: straight ofform moves does remain disrupted for another month. For
[1:34] Speaker 2: a closer look at some of the market action, I'm
[1:36] Speaker 2: joined by Patrick Kennedy, his founding partner at All Source
[1:39] Speaker 2: Investment Management. Pat is on the line from Connecticut. Thank you,
[1:43] Speaker 2: sir for being here. You know it's interesting. I was
[1:46] Speaker 2: listening to some of the conversation today. Pat analysts were saying,
[1:49] Speaker 2: despite the recent escalation that we have seen not only
[1:53] Speaker 2: in action but in rhetoric as well, markets seemed to
[1:56] Speaker 2: be expecting a lasting ceasefire to be agreed upon in
[2:02] Speaker 2: the near future. Here, do you think that's really what
[2:04] Speaker 2: the market is in the process of discounting.
[2:08] Speaker 3: I would agree with that, Stemen Doug. I would also
[2:11] Speaker 3: caution and say that the market could be complacent at
[2:14] Speaker 3: this point too, because right now the market doesn't seem
[2:17] Speaker 3: to price in the fact that if there isn't a
[2:19] Speaker 3: prolonged cease fire. Oil can go above one hundred and
[2:23] Speaker 3: stay above one hundred pretty quickly, right. I think all
[2:27] Speaker 3: these short term moves, they're great for traders, but for
[2:30] Speaker 3: investors like us, we really want to wait and see
[2:34] Speaker 3: where it settles. And as everyone can remember from eight,
[2:37] Speaker 3: when oil goes above one hundred, bad things happen. Especially
[2:41] Speaker 3: if it stays above one hundred. It's a recipe for
[2:44] Speaker 3: a disaster. And as far as the negotiations go, I
[2:49] Speaker 3: think that everyone has hoped that they're going to come
[2:51] Speaker 3: to some sort of term, But again, this was supposed
[2:54] Speaker 3: to wrap up. I think within a week was what
[2:56] Speaker 3: the administration had first said, and here we are over
[2:59] Speaker 3: a month later and we're still going back and forth.
[3:02] Speaker 3: So while we're hopeful, we want to be realistic. And
[3:05] Speaker 3: if we're being realistic, that means the market is a
[3:07] Speaker 3: bit complacent here with the potential risk to not only
[3:10] Speaker 3: oil markets, but geopolitical risks that could drive other indussy prices.
[3:14] Speaker 2: So when I'm hearing complacency, I think that that applies
[3:17] Speaker 2: to what we've been seeing in the equity tape. We
[3:19] Speaker 2: were down from a record high today by just two
[3:21] Speaker 2: tenths of one percent. What is the equity market at
[3:25] Speaker 2: risk of here? I mean you talk about complacency, I
[3:28] Speaker 2: understand that. But to your point about oil potentially staying
[3:32] Speaker 2: above one hundred for a period of time, what would
[3:35] Speaker 2: that do to the stock market?
[3:38] Speaker 3: I think it drives recession risk a lot higher, and
[3:41] Speaker 3: it at least drives to slow down risk a growth
[3:43] Speaker 3: slow down. I think a lot of the AI demand
[3:47] Speaker 3: has been pemped up right now, and that's what's been
[3:49] Speaker 3: driving markets. But a lot of folks don't realize that
[3:52] Speaker 3: AI is powered by energy, right So electricity demand is
[3:57] Speaker 3: supposed to double for data centers between now and twenty thirty.
[4:00] Speaker 3: Literally the size of all of the electronic output by
[4:03] Speaker 3: Japan itself just a massive number. And to do that
[4:07] Speaker 3: it requires natural gas and other forms of energy. If
[4:10] Speaker 3: forms of energy are driving higher oil, nack gas, so
[4:13] Speaker 3: on and so forth because of that, and they're sustainably higher,
[4:17] Speaker 3: that has to impact the profitability of AI at some point.
[4:20] Speaker 3: It's not so much how many chips in video is producing,
[4:24] Speaker 3: it's who's providing and video of the energy to run
[4:26] Speaker 3: those chips.
[4:27] Speaker 2: We didn't even mention the inflationary implications of higher oil
[4:30] Speaker 2: and how that would probably have to change the Fed's thinking.
[4:34] Speaker 2: Although tomorrow Kevin Walsh, the nominee as FED share, will
[4:39] Speaker 2: be testifying before the Senate Banking Committee. Today, in prepared remarks,
[4:43] Speaker 2: he committed to ensuring the conduct of monetary policy remains independent.
[4:47] Speaker 2: Although we know that the President has put a little
[4:51] Speaker 2: pressure on those at the FED to begin cutting infrastrates,
[4:54] Speaker 2: how can you go about trying to achieve that goal
[4:57] Speaker 2: when higher oil prices are threatened to push inflation even higher.
[5:03] Speaker 3: You can't in my opinion. So there was a great
[5:05] Speaker 3: quote by an analyst back in twenty two when inflation
[5:09] Speaker 3: was sky high and they were talking about the FED
[5:11] Speaker 3: pivoting at some point. That was the big thing that
[5:13] Speaker 3: was going on, is when will the FED pivot? And
[5:15] Speaker 3: it's a basketball term, and to pivot, you need to
[5:18] Speaker 3: have the ball in your hand. Right if inflation is
[5:22] Speaker 3: being pushed higher by things like oil, and it's sustainably higher,
[5:26] Speaker 3: not just a quick inflation shock because of a geoplitical
[5:30] Speaker 3: risk that played out overseas in the short term, but
[5:32] Speaker 3: a sustainably higher price per barrel oil coming over and
[5:37] Speaker 3: pushing inflation higher for again a sustainable period that takes
[5:42] Speaker 3: the ball away from the FED, right. That means they
[5:45] Speaker 3: have to react to that, and if they don't, they
[5:48] Speaker 3: risk losing the economy at that point. So I think
[5:50] Speaker 3: as much as they would like to cut and appease
[5:54] Speaker 3: the administration, I think that if inflation goes higher because
[5:58] Speaker 3: of what's going on over seas and stays higher, they're
[6:01] Speaker 3: going to be forced to take a different tone.
[6:03] Speaker 2: So we have a lot of tech news that broke
[6:05] Speaker 2: after the bell in the US, and I want to
[6:07] Speaker 2: begin with a story on Apple. The company named John
[6:10] Speaker 2: Turnus as its next CEO that will be effective September first.
[6:14] Speaker 2: Current CEO Tim Cook is going to be shifting to
[6:17] Speaker 2: the role of executive chairman. Turnus, by the way, has
[6:20] Speaker 2: been the head of hardware engineering since twenty twenty one.
[6:24] Speaker 2: How do you understand this news and does it change
[6:27] Speaker 2: your view at all on Apple and where the company
[6:30] Speaker 2: may be going directionally.
[6:33] Speaker 3: I was surprised to see how quick it happened. Tim
[6:36] Speaker 3: Cook is a legend in my opinion. You know, anyone
[6:39] Speaker 3: to come after Steve jobs and to be able to
[6:41] Speaker 3: even partially fill those shoes, you have to take your
[6:44] Speaker 3: hat off to that person. I mean, he drove the
[6:47] Speaker 3: iPhone from where it was when Steve left to where
[6:50] Speaker 3: it is today. That's saying something in itself. I think
[6:53] Speaker 3: for this next evolution of AI, it's going to be
[6:57] Speaker 3: even bigger than the Internet, even bigger than mobile, right.
[7:01] Speaker 3: And I think Tim realized that that, Okay, this is
[7:04] Speaker 3: a supercycle that we're going into, and rather than go
[7:07] Speaker 3: into it, you know, a third of the way or
[7:09] Speaker 3: half the way, why don't I hand the rains over
[7:12] Speaker 3: now and make it a clean break before we really
[7:15] Speaker 3: start to invest in this. Because Apple really hasn't done
[7:18] Speaker 3: a ton of investing in AI yet. I mean, they've
[7:21] Speaker 3: allowed claud on the iPhone and chat GBT on the iPhone,
[7:26] Speaker 3: but you haven't seen them do anything with Siri to
[7:29] Speaker 3: make it a chatbot like Claud or like open AI.
[7:32] Speaker 3: So I think that this move to a new CEO
[7:37] Speaker 3: is really emblematic of Okay, we're now going to start
[7:40] Speaker 3: to push towards this new AI evolution, and we want
[7:43] Speaker 3: a leader in place long enough to be able to
[7:45] Speaker 3: see that through.
[7:46] Speaker 2: So, speaking of AI, we got word today that Amazon
[7:49] Speaker 2: is going to be investing an additional five billion dollars
[7:52] Speaker 2: in Anthropic and the plan as we understand it, is
[7:55] Speaker 2: for Amazon to expand that initial investment to as much
[7:59] Speaker 2: as twenty billion over time. Obviously, Anthropic makes the claud chatbot.
[8:03] Speaker 2: It's also used as a coding tool, and Anthropic is
[8:08] Speaker 2: planning to spend more than one hundred billion dollars over
[8:10] Speaker 2: the next ten years on Amazon's cloud technologies and AI chips.
[8:15] Speaker 2: Does that sound to you a bit like circular financing
[8:19] Speaker 2: one of the criticisms that had been leveled against companies
[8:23] Speaker 2: like Nvidia and that some of the deals that it
[8:25] Speaker 2: was doing.
[8:27] Speaker 3: You know, I think at this point in the cycle,
[8:29] Speaker 3: there's been eye watering amounts of money spent on AI
[8:34] Speaker 3: and the rope that investors are giving the story is
[8:37] Speaker 3: becoming shorter and shorter and shorter. So now you really
[8:43] Speaker 3: need to see the benefits of AI going forward. It
[8:46] Speaker 3: can no longer just be a story of productivity and
[8:49] Speaker 3: how much it's going to change a customer interface or
[8:52] Speaker 3: customer experience. It has to hit the bottom line at
[8:55] Speaker 3: this point, So it does sound like that, you know,
[9:00] Speaker 3: cash flow has been absorbed and now debt is being
[9:03] Speaker 3: taken on to grow the AI story by these huge
[9:07] Speaker 3: megacap companies, which is definitely a big point of a
[9:11] Speaker 3: big turning point, if you will, from going from spending
[9:14] Speaker 3: their own cash flow and now taking on debt. That's
[9:16] Speaker 3: a concern in itself. Do I think AI could play
[9:19] Speaker 3: out to be big enough to deliver on some of
[9:23] Speaker 3: the expectations. I do, not for the entire mag seven,
[9:27] Speaker 3: but for some of them. Amazon I think has a
[9:30] Speaker 3: huge opportunity when it comes to robotics, but you're already
[9:33] Speaker 3: seeing a lot of that within their factories, right There's
[9:36] Speaker 3: less and less workforce and so on and so forth.
[9:38] Speaker 3: So we'll have to see if Amazon can deliver on that.
[9:41] Speaker 3: It does concern me to see the amount of debt
[9:44] Speaker 3: that these companies are taking on and how they're setting
[9:46] Speaker 3: up some of these deals in a way that again
[9:49] Speaker 3: appears like circular financing back from the dot com bubble.
[9:52] Speaker 2: So I'm curious to get your analysis of what we
[9:55] Speaker 2: saw today in the price action. I can describe the
[9:58] Speaker 2: tone in US trading as somewhat cautious, as opposed to panicked.
[10:03] Speaker 2: The equal weight S and P five hundred beat the
[10:05] Speaker 2: market cap index. I think the S and P today
[10:08] Speaker 2: was down about two tenths of one percent, but the
[10:10] Speaker 2: equal weight SMP was up three tenths of one percent.
[10:13] Speaker 2: Is this indicative of some type of broadening and all
[10:17] Speaker 2: or what are we seeing underneath the hood?
[10:20] Speaker 3: So coming into this year, it's funny you bring that Updug.
[10:23] Speaker 3: So when we last spoke, one of the biggest things
[10:25] Speaker 3: we were looking for this year for the both thesis
[10:28] Speaker 3: to stay intact was a broadening out. So we wanted
[10:31] Speaker 3: to see the equal weight at least keep up with
[10:33] Speaker 3: the marketwaight, if not outperform. I would like to say
[10:37] Speaker 3: that's what's going on right now. It's a continuation of
[10:40] Speaker 3: that broadening out. I think that what you're also seeing, though,
[10:43] Speaker 3: that's magnifying that move, is folks are getting diversified because
[10:47] Speaker 3: of everything going on. I think there's true caution within
[10:51] Speaker 3: the equity market right now, and there's a true understanding
[10:54] Speaker 3: that there's complacency going on because of all the risks
[10:57] Speaker 3: that haven't currently been priced. They haven't currently played out, right,
[11:00] Speaker 3: but they certainly haven't been prized as of yet. And
[11:04] Speaker 3: therefore I don't think anyone wants to be too overweight
[11:07] Speaker 3: in any particular sector. Whereas if you rewinded, you know,
[11:11] Speaker 3: twelve months ago, I think it was almost a fact
[11:13] Speaker 3: that you had to be somewhat overweight tech semiconductors and
[11:18] Speaker 3: some of these big AI themes now not so much.
[11:20] Speaker 3: I think people are looking more for some of the
[11:22] Speaker 3: secondary movers and don't want to place big bets anywhere
[11:26] Speaker 3: because again, there is pretty big risks out there that
[11:28] Speaker 3: haven't yet played out.
[11:29] Speaker 2: Pat we'll leave it there. It's always a pleasure. Thanks
[11:31] Speaker 2: so much. Patrick Kennedy, founding partner at All Source Investment Management.
[11:36] Speaker 2: Joining from Connecticut here on the Daybreak Asia podcast. Welcome
[11:46] Speaker 2: back to the Daybreak Asia Podcast. I'm Doug Krisner. Apple
[11:49] Speaker 2: has named John Turnis as its next CEO, effective September first.
[11:54] Speaker 2: Now the current CEO, Tim Cook will be shifting to
[11:57] Speaker 2: the role of executive chairman. Turners has been the head
[12:00] Speaker 2: of hardware engineering since twenty twenty one. And we got
[12:03] Speaker 2: reaction from Bob O'Donnell Bobs president and chief analyst at
[12:07] Speaker 2: TECHnalysis Research. He spoke with Bloomberg TV host Heidi Stroud
[12:11] Speaker 2: Watson Sherry on.
[12:12] Speaker 1: I mean, we sort of knew that turn this was
[12:15] Speaker 1: air apparent, but at the same time, this is just
[12:18] Speaker 1: reconfirm the direction that Apple is taking strategically.
[12:22] Speaker 4: Yeah, absolutely, it does.
[12:24] Speaker 5: I mean, you're right it's a little surprising that the
[12:26] Speaker 5: timing came when it did. I think a lot of
[12:28] Speaker 5: people didn't expect this until twenty twenty seven.
[12:31] Speaker 4: But here we are.
[12:32] Speaker 5: I mean, but look, here's the good news. I mean,
[12:34] Speaker 5: Turnus has been around for a long time. He understands
[12:37] Speaker 5: the culture, he understands the products very well, he understands
[12:41] Speaker 5: the strategy. So my expectations you're going to see a
[12:44] Speaker 5: very smooth transition. Initially he's going to just kind of
[12:47] Speaker 5: keep things going, and then eventually, obviously he's going to
[12:49] Speaker 5: put his own stamp on things. But I think, you know,
[12:51] Speaker 5: right now, what we've got a situation where Apple has,
[12:55] Speaker 5: you know, built up this legacy of an incredible amount
[12:58] Speaker 5: of connected devices.
[12:59] Speaker 4: And by the way, I think that's the real genius
[13:01] Speaker 4: of Tim Cook.
[13:02] Speaker 5: He didn't necessarily know which products, but he knew they
[13:05] Speaker 5: had to be connected. Now Turnus is going to take that.
[13:08] Speaker 5: He knows which products to develop. So that's what's going
[13:11] Speaker 5: to be interesting to watch as we move forward.
[13:15] Speaker 1: Does this also give us an indication, Bob that they're
[13:17] Speaker 1: no longer trying to win the AI race? And what
[13:20] Speaker 1: does this mean? I mean, can Apple win on hardware alone?
[13:24] Speaker 4: Well? No shere. I think. Look, I do think they're
[13:27] Speaker 4: going to focus on AI.
[13:28] Speaker 5: Just because mister Turnis was focused on hardware doesn't mean
[13:33] Speaker 5: he doesn't have a sense.
[13:34] Speaker 4: On the software side of things.
[13:35] Speaker 5: And I think it's very clear he's had a vision
[13:38] Speaker 5: of He's worked out a bunch of the different Apple
[13:40] Speaker 5: products over the years, iPad, iPhone, AirPods, all of these
[13:43] Speaker 5: different devices, and that means he's had to see how
[13:47] Speaker 5: they interconnect and how all the software pieces work together.
[13:50] Speaker 5: So I absolutely think his first priority, once he gets
[13:54] Speaker 5: things settled and gets things figured out, is going to
[13:56] Speaker 5: be focusing on AI. So I think that's going to
[13:59] Speaker 5: be a big part of the story.
[14:03] Speaker 6: You talked about perhaps of sharpening the focus on hardware,
[14:06] Speaker 6: but clearly this is a continuity appointment rather than one
[14:09] Speaker 6: for strategic change. Do you think this is a company
[14:11] Speaker 6: that could use some more strategic change right now?
[14:15] Speaker 4: It's a fair question, Heidi.
[14:16] Speaker 5: I mean, look, they clearly are going to need to
[14:19] Speaker 5: have some new products. One of the complaints we've seen
[14:21] Speaker 5: against Apple over the last you know, over the Tim
[14:24] Speaker 5: cook Ero was yeah, they built up this amazing business
[14:27] Speaker 5: and this interconnected business, but there weren't a whole lot
[14:30] Speaker 5: of really truly innovative, completely different types of products that succeeded.
[14:34] Speaker 5: We saw Vision Pro didn't exactly you know, knock it
[14:37] Speaker 5: out of the charts. But I think we're going to
[14:39] Speaker 5: see more variety of devices. I think again Turners has
[14:42] Speaker 5: a good sense of what hardware capabilities are available to him.
[14:46] Speaker 5: I think he understands the importance of AI and how
[14:49] Speaker 5: these things interconnect. So I think you will see a
[14:52] Speaker 5: bit of a refresh. It's just not going to happen overnight,
[14:55] Speaker 5: is my expectation. It's going to be more of a
[14:56] Speaker 5: gradual thing. Having said that, it's a rumors, go ahead, Please.
[15:01] Speaker 6: No, continue to finish your thought, Bob.
[15:03] Speaker 5: Well, I was just going to say, I mean, we
[15:05] Speaker 5: are expecting to see a foldable iPhone this fall, and
[15:09] Speaker 5: of course with the September one transition and their fall event,
[15:13] Speaker 5: typically second week or so of September, likely we're going
[15:17] Speaker 5: to see John Turners for the first time deliver the
[15:20] Speaker 5: main keynote at that Apple event, and I'll be unveiling
[15:24] Speaker 5: what people expect to see is an iPhone foldable, which
[15:27] Speaker 5: is a pretty big deal from a hardware perspective. So
[15:29] Speaker 5: I think that's going to be interesting as well.
[15:32] Speaker 6: The appointment itself wasn't a surprise. We've been talking about
[15:36] Speaker 6: that being kind of a pretty known succession plan.
[15:38] Speaker 4: The timing did surprise.
[15:40] Speaker 6: The modelis, so do you read this as it's happened
[15:43] Speaker 6: in the middle of the pressure to produce a strong
[15:46] Speaker 6: AI strategy. Therefore it must mean that the pieces are
[15:49] Speaker 6: in place for Tim Cook to feel that he can
[15:52] Speaker 6: in a way step away.
[15:54] Speaker 4: That could be part of it. I think also truth
[15:56] Speaker 4: is there's been a lot.
[15:57] Speaker 5: Of swirling rumors for a long time, and my guess
[16:00] Speaker 5: is at a certain point the Apple board probably says,
[16:02] Speaker 5: you know what, Look, let's just tackle these rumors. Let's
[16:05] Speaker 5: just get them out of the way. Make it clear
[16:07] Speaker 5: we have a succession plan that's going to move forward.
[16:10] Speaker 5: It's going to keep the company moving forward in a
[16:12] Speaker 5: very positive way.
[16:13] Speaker 4: I mean to be honest with you.
[16:15] Speaker 5: That way, regardless of the level of AI support that
[16:18] Speaker 5: they may or may not have put together, you're going
[16:21] Speaker 5: to see a continuation of the Apple strategy that we've
[16:24] Speaker 5: seen to date. And then obviously, if they do have
[16:27] Speaker 5: those AI pieces, then you've got a new leader that
[16:29] Speaker 5: can bring it in, give it a fresh face, give
[16:31] Speaker 5: it a fresh story, and I think that's probably also
[16:34] Speaker 5: what Apple's been thinking about.
[16:35] Speaker 2: That was Bob o'donald, President and chief analyst at TECHnalysis Research,
[16:40] Speaker 2: speaking with Bloomberg TV host Heidi Stroud, Watts and Sherry
[16:43] Speaker 2: On bringing you their conversation here on the Daybreak Asia Podcast.
[16:50] Speaker 2: Thanks for listening to today's episode of the Bloomberg Daybreak
[16:53] Speaker 2: Asia Edition podcast. Each weekday, we look at the story
[16:57] Speaker 2: shaping markets, finance, and geopolo in the Asia Pacific. You
[17:01] Speaker 2: can find us on Apple, Spotify, the Bloomberg Podcast YouTube channel,
[17:05] Speaker 2: or anywhere else you listen. Join us again tomorrow for
[17:09] Speaker 2: insight on the market moves from Hong Kong to Singapore
[17:12] Speaker 2: and Australia. I'm Doug Prisoner and this is Bloomberg

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