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 U.S PCE and personal spending data, along with a focus on three stocks for the week ahead.
In the UK – a look ahead to the Reykjavík Economic Conference in Iceland.
In Asia – a look ahead to Australia CPI data.
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Business and finance news from the Asia-Pacific.
Asian stocks and US equity-index futures advanced on optimism that the US-Iran talks could lead to a peace deal. However, concerns over a prolonged closure of the Strait of Hormuz have unsettled investors, pushing bond yields higher recently amid fears high oil prices will fuel inflation and force central banks to keep interest rates elevated. Even so, traders have largely brushed aside those risks since the war began in late February, propelling stocks to record highs on renewed enthusiasm for the artificial intelligence trade. We speak to Paul Dobson, Bloomberg's Executive Editor for Asia Markets.
And we go to Shanghai, where the JPMorgan Global China Summit is underway. Bloomberg's Haslinda Amin spoke to Benjamin Vuchot, The Hongkong and Shanghai Hotels CEO about his company's business outlook.
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Business and finance news from the Asia-Pacific.

Nvidia Corp. aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions. The company faces growing competition from chipmakers trying to carve out a piece of the AI computing business, and major buyers of Nvidia's technology are developing their own in-house components. In other news, SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and the super-voting share plan allowing Elon Musk to keep the company under his control. The rocket, satellite and artificial intelligence giant is giving the billionaire the power to outvote anyone else, and promising him outsize rewards, including as many as 1 billion shares, if he can pull it off, according to a filing Wednesday with the US Securities and Exchange Commission. To break it all down, we spoke to Daniel Newman, CEO of the Futurum Group.
Plus - In a last-minute reversal, Samsung Electronics Co. reached a tentative deal with its labor union, averting a potentially crippling strike that had been scheduled to start Thursday at the world's largest memory chipmaker. The South Korean company said in a statement late Wednesday that "labor and management have reached a tentative agreement on wages and the collective bargaining agreement." The company's union also confirmed suspension of plans for a strike that had been planned for May 21 to June 7. Samsung's stock rose about 5% in pre-market trading on Nextrade. Bloomberg TV hosts Haidi Stroud-Watts and Shery Ahn spoke to Tom Kang, Director at Counterpoint Research.
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Equities declined as concerns around Iran lingered even after President Donald Trump said he was holding off on fresh strikes on the Middle East country. Oil fell. Brent crude slipped 2% to about $110 a barrel, after earlier falling 2.8%. Trump said plans for a strike on Iran were called off following appeals from Persian Gulf allies, adding that "serious negotiations are now taking place." We spoke to Mark Cranfield, Bloomberg MLIV Strategist.
And - Australian policy makers are increasingly concerned about inflation expectations becoming unanchored, a senior Reserve Bank official said, as the latest oil-price shock from the Iran war hits at a time when underlying price pressures from the previous inflation surge have yet to fully subside. Reserve Bank Assistant Governor Sarah Hunter highlighted the danger of rising inflation expectations in a speech to a Bloomberg Forum for Investment Managers on Tuesday, focusing on persistent price pressures in the economy both before and after the energy shock triggered by the war in Iran. Hunter spoke to Bloomberg TV Host Haidi Stroud-Watts.
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China has agreed to purchase at least $17 billion of agricultural products from the US annually through 2028, the White House said in a fact sheet detailing President Donald Trump's two-day summit in China. A day earlier, the Chinese Ministry of Commerce released its own readout of the meeting, which said the US and China will adopt a series of measures, including mutually cutting levies on certain products. China did not provide specifics, adding that teams from both countries were still negotiating details, and the White House release was silent on tariffs. Trump previously suggested that tariffs did not come up in his meetings with Chinese President Xi Jinping. We spoke to Rebecca Choong Wilkins, Bloomberg's Asia EcoGov Correspondent.
Plus - A selloff in global bonds extended as the deadlock over the Iran war drove oil prices higher, fueling inflation concerns and raising bets that central banks will need to keep tightening policy. Bloomberg TV hosts Haidi Stroud-Watts and Shery Ahn spoke to Kristina Hooper, Chief Market Strategist at Man Group.
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