U.S. Markets close in 3 hrs 28 mins

Japan's LDP Elects Leader Who Will Succeed Suga as Premier

The race for head of Japan's ruling Liberal Democratic Party takes place Wednesday and will effectively decide the next prime minister. While the public favors vaccine czar Taro Kono, many analysts expect that former foreign minister Fumio Kishida will ultimately be victorious in a run-off vote. Stephen Engle reports on "Bloomberg Daybreak: Australia." (Source: Bloomberg)