Powell Probe Sparks Republican Outcry | The Asia Trade 1/13/2026

Posted on 01/13/2026
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"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Singapore with Paul Allen and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.

On the interview with UBS CEO Ermotti at 00:49:51:14: UBS clarifies that it is not adding 100 staff members specifically to China. The target is to hire 100 front-office employees across the broader APAC wealth management unit this year.



Chapters:

00:00:00 - Bloomberg: The Asia Trade begins

00:02:41 - Powell probe draws criticism from key Republican lawmakers

00:05:52 - Quadratic Capital Management's Nancy Davis on Fed independence concerns

00:11:49 - Trump vows 25% tariff on Iran's trading partners

00:16:14 - Japan’s markets to reopen amid snap election speculation

00:19:57 - Katayama, Bessent share concerns over yen weakness

00:21:43 - Fed's Williams calls Powell a man of 'impeccable integrity'

00:23:31 - BREAKING: Australia Jan. Westpac consumer confidence falls 1.7% M/M

00:24:58 - UBS' Ning Zhang on China's growth outlook

00:31:09 - Sources: US close to finalizing Taiwan trade pact

00:35:41 - Trump says tech firms must pay data center electricity bills

00:36:37 - Paramount launches Warner Bros. proxy fight, files suit

00:39:53 - Trump targets credit card rates

00:42:28 - BREAKING: Japan Nov. current account widens to over $23.16B

00:43:20 - BREAKING: BlackRock said to cut 250 employees across the firm

00:46:36 - Market opens in South Korea and Japan

00:49:51 - EXCLUSIVE: UBS CEO Sergio Ermotti

01:07:45 - BREAKING: SK Hynix to spend $12.9B on S. Korea chip packaging facilities

01:08:21 - BREAKING: China examines foreign ETF trades after Jane Street India probe

01:09:11 - Powell investigation stirs GOP concern

01:14:07 - Investors bet on earnings-led China rally

01:19:30 - Sources: US close to finalizing Taiwan trade pact

01:22:36 - S. Korea's President Lee to meet Japan's Takaichi

01:26:40 - Author Scott Prasser on Australia's Royal Commission into antisemitism after Bondi terror attack

01:34:36 - Fed's Williams backs Powell's calls for Fed independence

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