19 Burst results for "Hong Kong Global"

US State Department tells Americans to reconsider travel to Hong Kong

BTV Simulcast

00:25 sec | 2 months ago

US State Department tells Americans to reconsider travel to Hong Kong

"To reconsider travel to Hong Kong, The State Department raised its advisory for the city based on the implementation of the National security Law. U. S. Citizens in Hong Kong are strongly advised to avoid any demonstrations. The move comes as U. S China Tides remain strained over the Corona virus, the treatment, the weaker minorities and Beijing's increasingly tight grip. Over Hong Kong Global

Hong Kong Hong Kong Global U. S China Tides National Security Law State Department Beijing U. S.
"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:22 min | 3 months ago

"hong kong global" Discussed on Bloomberg Radio New York

"Take Thiss is Bloomberg Radio Noah Global News Update. Joe Biden says he would like to see a Corona virus vaccine tomorrow, even if it cost him the election. But even if one was ready, he thinks people will be reluctant to take it because of President Trump's false statements. He told supporters in Pennsylvania today he can't trust Trump and would be wary of a vaccine touted by the administration. Biden also said that the health crisis has highlighted the importance of American workers. If there's one thing this pandemic has done is shown the courage the character in the deep love of this Country that lies at the heart of working people of this nation. The White House's apparently testing the waters on potential candidates for the Pentagon's top job. CNBC reports, The White House has talked with Veterans Affairs Secretary Robert Wilkie about taking over as the secretary of defense. This would only be if President Trump fires Mark Casper, who he's been disagreeing with on several issues. Some of California's iconic redwood trees will be off limits to tourists for a while. Big Basin Redwoods State Park is expected to stay closed for at least a year. It's been massively damaged by a recent group of wildfires. Now 76% contained flames wiped out the headquarters, Ranger station campground sites and forest land. China's imposing new visa restrictions on American media outlets. Tom Roberts has more, a group of Beijing based journalist said at least five U. S media members from Or outlets, including CNN. The Wall Street Journal were impacted. They were only granted temporary status to report in the country and that could be taken away at any time. The group said. The practices have again turned foreign journalists into pawns in a wider diplomatic conflict. Tensions have heightened in recent months between the Trump Administration and China. Tributes are pouring in for an award winning soap opera actor Kevin Dobson died yesterday of a heart attack at the age of 77. He's best known for knots, landing and days of our lives. He also starred in the seventies crime Shoko Jack for five years. Friends say he was gracious and open minded. I'm Brian Shock. New York Democrats are criticizing a Corona virus stimulus bill expected to be introduced in the Senate soon. Scott Pringle reports Senator Chuck Schumer says the Republican bill lacks critical priorities needed to beat back the Corona virus pandemic. The virus is still raging their foot dragging Congressman Jerry Nadler bill provides no money for elections. It provides no money for maintaining employment. It provides no money for schools. It provides no money for anything. Other members of New York City's congressional delegation joined them, saying the bill is dead on arrival that reportedly will include money for Corona virus testing, unemployment and the airlines. Scott Pringle reporting from New York, a British judge is rejecting a bid to delay Julian Massage his extradition hearing until next year. The wiki leaks founders fighting a US request to have him sent to the states to face federal Spying charges. The 49 year old Osage appeared in court today in London after his case was paused for months because of the pandemic and Australian man is breaking his own record for the longest time spent submerged in ice. Matt Madison has more Joseph Coburn sat in a box of ice cubes with nothing but a swimsuit for two hours, eight minutes and 57 seconds on Saturday. This broke his previous record by about 30 Minutes, he told reporters he was able to dampen the wave of pain for So long by drawing on positive emotions once removed from the icebox, the 42 year old said the sun felt really good. A 28 year old Englishman is selling 28 years of birthday whiskey to buy a house. Matthew Robson's father, Pete gave his son a bottle of Macallan single malt every year on his birthday. Pete spent about £5000. And with each bottle, he gave Matthew strict instructions never to open them. Matthew never did. And the collection is now worth more than £40,000. Matthews put it up for sale with plans to use the money for a down payment on his first house. I'm Brian shook And I'm Brian Curtis in Hong Kong hero, this hour's top business stories and the markets. President Trump says he intends to curb the U. S economic relationship with China. He says he likes the idea of decoupling the US economy from China. Will end our reliance on China once and for all. Whether it's decouple ing or putting in massive tariffs like I've been doing already will impose tariffs and companies that Desert America to create jobs in China and other countries. If they can't do it here, then let him pay a big tax to build it someplace else and send it into our country will prohibit federal contracts from companies that outsourced to China. President did not say when he would implement the policies but framed the moves as part of a second term agenda. Japan's record economic contraction last quarter was slightly worse than initially estimated GDP shrank an annualized 28.1% from the previous quarter in the three months through June. That was worse than the initial estimate of a 27.8% fall. Economists have been forecasting a 28.5% contraction. Australia's August maybe business confidence index rose to minus eight from minus 14 in data that was out this morning. Australia's And maybe business conditions index falling to minus six from zero points. All right. Let's get a check of the markets here in the Asia Pacific, a rally underway through most of the markets. Although we've turned slightly negative in China, the Nikkei is rallying about a half of 1% with a gain of 102 points. The SX 200 he's up a little more than 1% mentioned the China market. So right around flat to slightly lower at the moment, the C s I 300 down about 1/10 of 1% the Hank Sing Index. Has rallied about three tents of 1%. I'm Brian courtesy in Hong Kong Global News 24 hours a day live in a Bloomberg quick take brought to you by more than 2700 journalists and analysts in 120 countries. This is Bloomberg. This's a Bloomberg radio special being black on Wall Street. I'm Shonali Gasic. Over the next hour. We explore what it means to be black in the white world of finance. You know, Wall Street Society.

China President Trump Bloomberg Matthew Robson Joe Biden President Scott Pringle New York US Trump Administration White House Thiss CNBC Kevin Dobson Big Basin Redwoods State Park Pennsylvania California New York City Brian Shock Pentagon
"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:40 min | 5 months ago

"hong kong global" Discussed on Bloomberg Radio New York

"Mills has those Hey, mark. Hey. Good afternoon, Jason Carroll. The Trump Administration is celebrating today's June jobs report would show the US gaining 4.8 million jobs and the unemployment rate falling for a second month to 11.1%. President Trump looks for better numbers ahead, And as I said, you're going to have a fantastic third quarter. It'll be 1/3 quarter the likes of which nobody has ever seen before, In my opinion. And the good thing is, the numbers will be coming out just prior to the election, so people will be able to see those numbers. Optimism over last month's rebound was tempered by continuing layoffs and a resurgent Corona virus outbreak across the country. Florida's covert 19 cases and hospitalizations jumped by the most ever while deaths rose the most in a month. New York Mayor Bill de Blasio says the city plans to reopen the nation's largest public school system in September. With social distancing guidelines Everyone will be required to wear face masks and facilities will undergo a deep cleaning each day. Treasury Secretary Steven Mnuchin says. The federal government is ready to help schools we open. I think, in most cases, schools will be able Open Safeway. Some schools will need to spend money One of the gangs will look at and cares for is if we need to give money to schools to properly equipped Their areas. The U. S Senate passed by unanimous consent legislation imposing sanctions on banks that do business with Chinese officials involved in cracking down on pro democracy protests in Hong Kong. The measure is a response to the Chinese government and acting a strict new national security law for Hong Kong. Global news, 24 hours a day on Air and John Bloomberg Quick.

Hong Kong President Trump Trump Administration Mayor Bill de Blasio Jason Carroll Chinese government federal government Mills John Bloomberg US New York U. S Senate Steven Mnuchin Florida
"hong kong global" Discussed on Amazing FBA

Amazing FBA

05:44 min | 5 months ago

"hong kong global" Discussed on Amazing FBA

"Way probably not because this for six seven and eight figure Amazon sellers although I do have a seventeen year old was Amazon some pretty significant level, but we all took him out freights with Brian Miller of China warehouse, and he's over in Xinjiang in China which he from Connecticut in the USA. So that's a really great. Handle on what's going on over there so Brian. Welcome back to the show. Thanks for having me, so we talked in the last episode about holes current situational recent situation, so we're. We're recording in May twenty twenty. Three dollars current virus thing I'd love to talk about more evergreen content today, more and Best Practices for China freight's which oversees going to change it depending on the situation, but there are some things I think are principles that we can follow in most situations, so the first thing is sending you offer which is storing stuff in China, and that's becoming increasingly common as people realize storing things in the party. Warehouses in the US is not only more expensive, but actually of course right now and in May, twenty that has the capacity is very constrained there, and it can be very expensive. Therefore, it is impossible to get so what are the best practices for storing things in China itself? And the reasons why as well she'd say yeah, we're kind of seeing a trend of people being more interested in this type of model, so everyone always thinks okay once i. make my stuff in China I gotta get it out of there. But that's not really the case now. You can actually leave your product at a warehouse in China. And there's a lot of benefits to doing that. The first is cost so instead of having your product at a prep warehouse. Let's say in US or Europe where you have to pay US in European prices for the space and the Labor and all that stuff. You can have a warehouse services in China for much lower costs, so that's the first thing. The second thing is for people that are starting to sell in many different marketplaces, which a lot of the larger sellers to do whether it be you know North America Japan and Europe. We see a lot of people selling. If you commit to one country like sending your whole container to the US, and then you need a product in. Let's say Germany or Japan you end up double shipping your product, see ship it to the US, and then he ship at the Japan. And that's obviously much more expensive than just leaving it in China and shipping a portion of it to the US, when you need a mentor in Japan shipping that portion directly to Japan, especially because Japan so close to China, and also you can think about at least for our case. We're very close to Hong Kong and where and Hong Kong Global Shipping Center for both CNN air airfreight so being in that position in the world. You get very very competitive rates..

China US Japan Brian Miller Amazon Hong Kong Global Shipping Cent Hong Kong Europe Connecticut Xinjiang North America Germany USA. CNN
"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 6 months ago

"hong kong global" Discussed on Bloomberg Radio New York

"But once it's set to extend production cuts off the brakes and high stakes negotiations and could sign a deal this weekend Russia and Saudi Arabia said Lynch agreement with from the cues of shirking the share of current restrictions still to be rectified with lots of standards of production cuts another month until the end of June the people's bank of China is vowing to ensure stability in Hong Kong amid rising tensions over Beijing's control of the city the videos he says the code only supports Hong Kong global financial center and recognizes the city as a customs check three separate from the mainland the news comes as the U. S. reviews Hong Kong's financial state is trying to impose sweeping new security the biggest lockdown has cost India tens of millions of jobs resulted in record low economic activity and fueled the biggest earnings slump in sixty S. profits a nifty fifty members fell about fifteen percent yeah according to data compiled by Bloomberg around two thirds of members have reported so far with communications energy and industrials sectors still ahead on this hour markets Asian dicey dealings were a look at Singapore's marina bay sands casino and why it's under investigation we wrap up the week in markets with national Australia bank's Christy tell on the Nigerian national petroleum corporation D. plus getting jackets from Shiv and not a university joins us to discuss India's geopolitical tensions keep you with us this is with your super organized research every file on your computer twelve times a day how closely and looking at those kind of movies you never have to worry about finding the latest business news we put it right talk about the commitment that.

Russia Saudi Arabia Hong Kong Beijing Bloomberg Singapore Shiv India Lynch bank of China national Australia Christy
Kishore Mahbubani says COVID-19 won't stop China's rise

Between The Lines

12:58 min | 9 months ago

Kishore Mahbubani says COVID-19 won't stop China's rise

"These days for China there's been an economic slowdown a trade and technology war with America. One of the few issues of bipartisanship in today's Washington then there have been protests in Hong Kong global criticism of Beijing's treatment of the Muslim minorities not to mention Western anxiety about the role of Y in those five G. networks and don't forget the allegations of Chinese interference in sovereign states across the region. Add to this. The outbreak of corona virus or covered nineteen and silently some pundits and they mainly in the West. They're asking whether we're witnessing communist China's Chernobyl moment what do you think well one distinguished intellectual who profoundly disagrees with all this skepticism. He's my guest today. Kishore Mahbubani is distinguished fellow. The Asia Research Institute at the National University of Singapore a former ambassador to the UN twice and a former foreign secretary of Singapore case. Your has risen several influential books on Asia and the rise of China the lightest one is called has China won the Chinese challenge to American Promessi as published by public phase in New York Keisha. Welcome back between the lines. My pleasure there'd be back now you've heard all these. These dial warnings about China and as I say they mainly come from listeners. What do you disagree well? I think it's absolutely certain that the return of China to his place as the number one economy in the world cannot be stopped because from the year one to the eighteen twenty or eighteen hundred of the last two thousand years the two largest economies of the world were always those of China and India so the past two hundred years of Western domination award. History have been an aberration. All aberrations come to a natural end and China's return cannot be stopped. And that's absolutely set. You say in your book that if Xi Jingping does not put in place San Succession mechanisms. America could win this geopolitical contest and bear in mind just a couple years ago. She overturned legislation on. Term Limits for presidents essentially might himself later for life. Some of these critics say that. How does that promote good governance for China and a sound succession mechanism? That will allow China to Rosza Unabated well I would say that the history of China has taught them when they have strong central government. The people benefit a lot. When this week government they suffer a lot and you look at a hundred years of humiliation. That China's suffered from the first opium war of Eighteen. Forty two right until the establishment of the People's Republic of China in nineteen forty nine. The main reason why they went through one hundred years of humiliation was because they had weak central government so what Xi Jinping has given to China is once again very strong central government this is an asset for China. I think he's going to be around as Vita for a long time. And as long as he's around. I think China will do very well. Okay will you say that this geopolitical contest that's broken out between America and China? That will continue marathon. Rice does that mean that Beijing and Washington a doomed to confrontation. Well the the reason why. I'm producing my book now. Has China one his precisely because I want to avoid a confrontation in my. I think it's absolutely unnecessary for the United States and China to get entangled in this confrontation because at the end of the day the primary goal of the United States government is to improve the wellbeing of the American people than the best way to improve the well being of the American people especially in this call. The crisis is to work with China and not work against China but of course unfortunately the United States has other goal and is the primary goal of the United States is to maintain primacy in the global order. Then that will lead to confront To leading American proponents of containing China. John Shaw. The University of Chicago Have Stephen. Walt whom you quoted approvingly in your book about the perils of American Hubris and exceptionalism but on China I disagree. They say I've been guests on this program and I've made this point Measham and casual. They say that a rising China does indeed threaten the regional status quo and Washington moreover will and should go to great lengths to ensure that China does not dominate the Asia. Pacific your response. Well I think the question is whether or not they can both live with each other In the region if if the United States by the way you know all the countries in this region many of them one the United States will remain strong player in this region. I think it'd be good for the region to have United States. Remain as strong Leah. By United States can remain a strong player without on fronting China. He can remain a strong player by working with China In in in many critical areas. And frankly if you ask the countries in the region What they would like to see they would like to see a strong China and they would like to see a strong United States. But they don't want to be forced to choose within China and the United States and we'll get to this question about choosing later on in the show but I want to stick with America. There is a consensus in the region. That America should stay but Foreign Affairs magazine. This is the Distinguished New York Journal to Achieve. Contributed this month. It faces a range of top. Foreign Policy Thinkers. They're all weighing on whether or not the. Us is in the process of global retrenchment The cover of Australia's leading Foreign Affairs Journal. This month is is called can trust America So Am I right in saying you? Don't think American showing any signs of withdrawing from Asia. Now I see no signs at all America retreating from the region and And I think that very strong as you know policy in America is to some extent made by the president but is also made by the deep state and the deep state has a very strong consensus that they got to remain very strongly Industry region. So I don't see an American of withdraw anytime in the near future but I do I do argue that the United States has got to behave differently. With China net once had One tenth the size of China's of America's GNP retailers but today China's be GNP BB. Dems is bigger than the United States. So you behave differently. Was this animal. What about that? Animals DASA more assertive. Now in your book and you listening to Katia Mahbubani. We're chatting about his new book. Has China one in your new book as show you dedicate a chapter to the question is China expansionist and you say basically China wants to respect global rules and norms but let's face it. It has ignored the ruling from the UN's Permanent Court of Arbitration. That was at The Hague in two thousand sixteen. The high concluded for those of you listening who've forgotten about this this is four years ago. Chana's conduct around the Scarborough Shoal and the Spratly islands it was illegal and let's remember Beijing has continued to build up a military prisons on artificial Alan's at drive out local fishermen and in the last few months case. Short Sean has been bullying Indonesia over the Natuna islands. How is all this respecting global order? Well you know one point. I emphasize said there were people talk of benevolent. Great Powers Turn Benevolent Grid. Power is an oxymoron. So as you know the United States today has not ratified the law. The Sea Convention. So in in some areas as China emerged behaving exactly the United States. The United States would never accept going to a tribunal to judge whether or not the United States valid or invalid claiming any area in that respect. China is behaving like the United States by just as the United States. Most of the time respects most international rules and conventions China. Also most of the time respects most of international rules in confections in many ways. China's behavior and America's behaviour is very similar in the international arena. Your critics would say that. China's maritime climbs a contested by the Philippines Malaysia Brunei Indonesia Vietnam Beijing has antagonized nations log New Zealand Australia with cyber attacks and and political interference. Nightside casual these. Not Diplomatic Wins for president. She hasn't he made some big mistakes. Well I it's it's it's interesting. It's always the rest. That is screaming very loud on this South China Sea When was the last time you heard a very strong statement from militia All of all of Philippines On the South China Sea. Why you're seeing behind. What is happening behind the scenes is a lot of diplomacy that is not reported in the Western media. Now I cannot comment on the side of the tax on Shelia and New Zealand but I I believe it was Edward Snowden revealed to us that if you live in today's world you can assume that anything you put up. There is being monitored completely by the National Security Agency of the United States. So I think what the world needs is new conventions in the cyber area and the world should work together do agree on some set of rules for what you can or cannot do in terms of cyber hacking spoke with the New Zealand professor. Anne Marie Bridie last week on this program and she told us about three investigations into Chinese interference in politics that a currently underway in New Zealand. But we WANNA go there now and finished your point. I was quite struck by a law in in your book. He sure well. You talked about the Chinese reluctance to conquer Australia quote. Future historians will marvel at the fact that even though Australia is geographically close to China. It was physically. It was physically occupied in conquered by far more distant British forces absolutely true. I mean if China was an expansionist power wrenching. Her travel all the way to Africa. He could have easily gone to Australia. Additional Australia. Remarkable accident of history. That Australia was colonized by British forces than not Chinese. I mean future. Historians will marvel. The anomaly visits Tom Switzer. On our in 'em I guess is Keisha Mahbubani the former foreign secretary of Singapore and President of the UN Security Council. He's now a distinguished fellow at the National University of Singapore. We're talking about his new book. Has China one now for some of Iran's listeners in Venice Matas whether your overstating China's rise and I WANNA put to you this very rule weakness in limitation surely because many analysts They argue that there's a ticking bomb in China it's low birthright and the aging population and this is the argument that will reduce the workforce and could potentially break social security system. How would you respond to those critics? Oh that's absolutely no question. That China faces a lot of serious Internal Challenges. Because you know it is to instill a developing country It's CABBIE DYING IF I get it right. It's still about ten thousand dollars. One-sixth debt of the United States has a long way to go before it becomes fully developed country. And that's precisely why China wants to focus on its internal development and not get dragged into an all-out geopolitical contests with the United States. So you notice that China wherever possible is trying to avoid getting entangled with the United States even though the United States clearly is challenging the United States challenging the United States charging China In many

China United States America People's Republic Of China South China Sea President Trump Asia Australia Beijing Washington Kishore Mahbubani UN National University Of Singapo Singapore New Zealand Secretary New York Xi Jinping Tom Switzer
"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

11:19 min | 10 months ago

"hong kong global" Discussed on Bloomberg Radio New York

"The big day break here we check the markets for you every fifteen minutes head on Bloomberg radio and of course set the focus remains on the outbreak of coronavirus we ought to months in forty thousand people infected we see the Asian excuse this morning date again but elsewhere a measure of calm certainly when we look to a US and European future is not nearly so pessimistic SNP five hundred in the features out by a tenth of one percent although the World Health Organization director general saying we may only be seeing the tip of the iceberg particularly concerned about the spread from people with no travel history to China and that's what we found with the cases over the weekend affecting a European countries it was one individual coming I've been affecting a number of people in Europe it says the mall kids that right now so we sold losses full as sessions in Japan the topics on seven tenths of one percent the embassy I Asia Pacific dropping half of one percent she gains for example in the sense that and Shanghai calm Sir as for the bond markets at the moment we tried it once but five nine percent so we're off a basis point on US benchmark give this of course head over join Powell he speaks on Tuesday and also off to the data that we had out of China this morning consumer prices rising the faucets in more than eight years Los month so that's a pretty significant in terms over the commodities markets we really still keeping an eye on WTI crude futures flat white now but above fifty dollars a fifty dollars that you wanted us quite important Brent crude a fifty to four dollars and forty seven cents a barrel in the currency space but dollars both indexes we can attend the vamps and the Japanese yen trading it wanted on sport eight to set will so just slightly softer and the fool you on another three tenths of one percent trading at six dollars ninety eight about a site the to to to the red so six point nine eight in times over all the top stories this morning that away from the markets that we give you the latest details because the death toll from corona virus has now exceeded nine hundred and ten people and they're all over forty thousand confirmed cases worldwide begs Brian cases has all the details from Hong Kong global companies are starting to resume production in China and that helped bring markets off their lows in Asia Samsung Sony and LG all spoke of restarting today still sixty new infections emerged on that cruise ship off Japan so a lot depends on the severity of the outbreak the London school of hygiene and tropical medicine ran the numbers it suggested up to five hundred thousand infections before the peak but he said that would happen by mid to late February in Hong Kong Brian Curtis Bloomberg daybreak Europe meanwhile a to help combat the impact of the virus actually on the economy China's central bank will provide the first batch of special we lending funds today that's as economists continue to downgrade the full costs for Chinese economic growth both China correspondent Tom mackenzie has the details on to the buyers outbreak continues to hammer retail spending and industrial production in the world's second largest economy that's cool to switch our focus to the P. B. R. C. from debt control to growth under the funding facilities nine major banks and some local lenders intend cold incidence cities all qualified for the special funding the central bank it early it said it would ensure will fund the directed to production and business activities related to battling the coronavirus lenders must also load for the special we'd ending fund up to a hundred basis points below the one year loan prime right in Beijing until mackenzie for Bloomberg daybreak Europe and I mentioned the data from China consumer prices in China arose in January at the fastest clip since November two thousand and eighteen that's as food costs soared due to shortages the CPI rose five point four percent versus four and a half percent in December and not beat the full point nine percent consensus let's go live now to Berlin where pretty big switch to James joins us from all markets life team at me to get to speak to you this morning Richard to continue this thought today's M. lowlife question of the day how far can assets a gain on P. B. O. C. liquidity what's your view the morning Caroline well I think that I think that in order for assets to continue rallying we're probably going to need more than just the PPO see acting I think we'll probably need the fed to move proactively and to get out in front of this and actually ease policy as well I think the Chinese monetary authorities have acted quickly and aggressively to steady markets and sort of stabilize what I call the immediate economic impact of the public health try that challenge in China but this is merely it does I think it's just a defensive reaction I think in order to reassure markets and and offset what could be a big shock to to the global economy I think we'll probably sing need to see the fed move more proactively and and the market is actually pricing just under forty basis points of using this year for the fed and it looks like the September meeting at the moment is looking the most likely for the first rate cut so I think that we we had that we had the at the fed semi annual report to Congress released last Friday and they said the effects of the corona virus present a new risk to global growth and the markets I think if we get we get drawn pile testifying to Congress this week expect he'll reinforce that messaging and I think that even though the PBS he has has stopped what I would describe as the immediate slide in risk sentiment it's going to take more action from the fat and I expect that we'll get that messaging Jerome Powell or at least the start of that messaging from drone pow this week that'll be interesting to watch it thank you so much of it two days for joining us real time market committee and analysis checkout markets live S. M. L. I. V. E. well you'll be back time of course which was mentioning during power he speaks on Tuesday to Congress so we'll we'll watch that I also in terms over all the stories ministers from OPEC and its allies are unlikely to hold an extraordinary meeting to discuss the corona virus that's according to the only a news why as such he as a by Jones energy minister at the meeting we'll go ahead and as planned as scheduled in March the situation and you market is stabilizing that's off the outbreak initially sent oil prices down by more than ten percent I also intensive for all the news this morning just breaking the Brubeck terminal a few minutes ago of interest in two properties confirming that it is in talks for an equity raise in talks in relation to a proposed actually raise with holders including peel group and all this so I think not so for eight nights with the red head on over that time and also an MC health received highly preliminary approaches from K. K. R. and G. K. our eyes to the US interesting a Kohlberg Kravis preliminary approaches full and MH health and yeah from G. K. ausable track that story also event headline on the perfect time of this morning in the meantime in other stories Hey in the U. K. prime minister Boris Johnson is gearing up to announce a boost in infrastructure spending it will focus on the north of England with the program will include forty million pounds for five T. wireless networks in rule areas and also investment in mass transit this of course head over the choices such as Javits budgets coming up fairly soon in the meantime until corporate news the French and should cover is in advanced talks with axle to buy pot in every we learned that it could pay as much as nine billion dollars in cash for the reinsurance business the two sides confirmed the discussions excell saying that that they'll own going discussions a may not result in a deal in the meantime and let set because they've been out live to be bags the Afghans is Google the laces a netlabel news including the elections results in honor of the weekend yes Caroline good morning we'll start with those the final result of islands general elections O. G. later today with a left wing nationalist parties shin Fane expected to be one of the biggest winners bugs dollar Doyle joins us now live from Dublin I thank you so much for joining us let's start with the latest hi how are you and yet it's been that if you are searching for other this is crime the the scale of a shock and that the generated by this in pain surge in the in the in the other direction so what we're currently looking uneasily homophone riddles on the popular vote and to take a minute six party or twenty five percent international parties came in with around twenty percent each that a portly thought popular vote that determines make a par apartment and it doesn't translate necessary to seat so it looks like something with the second party in terms of seats one feed a full will hop around forty five feet eighty per majority they're going to have to look at and coalition partners in saying we shouldn't take his mid thirty S. C. twice is the obvious partner but obviously that's a complicated business and for me television this is a rush Kay is a big name on the international stage he negotiated a brexit deal what is his campaign go so wrong very good question and I think would be announced here with the desktop and radio writer initially placed on brexit our successes in the practice stayed right out the center of his campaign not plainly fell for out there an exit poll after the election just one percent of voters said the press it was most important for them so voters turned that were much more testing the matic issues so for example a highly crisis which is suffering from high the shortage we still have to have problems and health system on the stick you can answer and which time would see season eccentric so what's insane was able to do was explosion dot disillusionment with that may arise for the bigger factor here that since then again the register to get onto the car for nine years and the general sense that it's hard for change and today was best place to exploit the out of the eyes of the party had never been a government thanks so much well thank you very much for joining us this morning with the latest on my limbs in general election I will be bringing you more throughout the show meanwhile let's go to some other news let's give you more on the spread of the coronavirus a cruise ship in Japan has reported about sixty more cases of the disease adding to the seventy already confirmed that's according to the television network TBS the princess diamond cruise ship is in quarantine in Yokohama with the ticket number of infections now rising to one hundred and thirty the global death toll from the coronavirus outbreak has reached and nine hundred and ten in the US president Donald Trump is proposing billions more defense spending the four point eight trillion dollar budget for the upcoming fiscal year will also see steep cuts to social programs also when the cons a US mission to Mars the budget shows the president drifting further away from his pledge to eliminate to the US debt by the time he leaves office and the Oscar goes to Harris.

Bloomberg
"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 1 year ago

"hong kong global" Discussed on Bloomberg Radio New York

"Under way another concept and I brain courtesy in Hong Kong let's get you caught up on this hour's top business stories and the markets stocks in Asia are higher a new report said the US and China are getting closer to a deal that would avoid terrace due to kick in later this month treasury yields stabilized after gains I'll have details on markets in a few moments democratic presidential hopeful Elizabeth Warren is defending her plans to increase taxes on the wealthy if he gets elected president capital I believe in capitalism all blood markets without rules are fast and part of those rules are that everybody's supposed to pay fair share on taxes so we can re invested in opportunity for all of our kids and that's what our two cent wealth tax is about for me Massachusetts senator Elizabeth Warren's speaking earlier on Bloomberg radio and television well sources are telling Bloomberg antitrust enforcers are broadening their scrutiny of Amazon they say that it goes beyond Amazon's retail operations and into its massive cloud computing business Japan has rolled out at two hundred thirty nine billion dollars stimulus package to support the economy the package includes one hundred nineteen billion in fiscal measures the packages designed to a disaster relief to protect against downside economic risks for the Japanese economy and also to prepare the country for what comes next after the twenty twenty Tokyo Olympics let's check the markets for you we do so every fifteen minutes on Bloomberg radio the Nikkei is trading up seven tenths of one percent a gain of one hundred fifty nine points in Australia the SX two hundred is up nine tenths of one percent and they sing index is trading four tenths of a percent higher here in Hong Kong global news twenty four hours a day live in that quick take by Bloomberg powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries in all Kong I'm Brian Curtis this is number live.

Australia Olympics senator Massachusetts president Hong Kong Brian Curtis Kong Bloomberg Asia Japan Amazon Elizabeth Warren China US one percent
"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:30 min | 1 year ago

"hong kong global" Discussed on Bloomberg Radio New York

"National news now from Lee Lee and guarantee an good morning mass ocean teen is tightening currency controls that's off the opposition candidate tell per se Fernandez won the nation's presidential election savers will be limited to purchases of just two hundred dollars a month that's much lower than the previous limits over ten thousand Fernandez victory signals a return to Parana's them for the south American nation he'll take a vote from incumbent Mauricio Macri on December the tenth in Germany chancellor Angela Merkel's coalition faced a renewed sense back with a resounding defeat in a state election finance minister laughs Olson is running mate to merchant a membership that you to the social Democrats as a front runner for the party's leadership but as Bloomberg's book again and explains the real challenge for Germany's finance minister is yet to come in a run off vote in November shoals will face a tool from the powerful left of the party which calls into question the growing coalition with uncle Americal and the government's commitment to a balanced budget the run of four could be decisive fungal medicals government in Berlin general book daybreak Europe the US says the head of Islamic state back al Baghdadi is dated Bloomberg's at Baxter house those details president Donald Trump says Abu Bakar about dotty killed himself fleeing from U. S. special forces you guided his vest killing himself and the three children his body was mutilated by the blast and the administration says now other country should join in the fight against Islamic state in San Francisco I'm at Baxter Bloomberg daybreak Europe and Hong Kong pro democracy protesters clashed with police again on Sunday and a twenty third straight weekend of unrest a slight tear gas at protesters NTSC who had blocked roads and disrupted traffic some protesters also threw petrol bombs at police in collusion on Saturday night there was a separate clash in new territories off to a peaceful rally that a drone thousands of protesters in central Hong Kong global news twenty four hours a day on average take took on Twitter fell by more than twenty seven hundred journalists and analysts symbol the one hundred and twenty countries on the on Karen's this is Bloomberg Caroline thank you so much now that will these update now said had a pretty big day break you're breaking the impulse he proposes a thirty first of January for the extension as boys Johnson steps up the pressure for an early general election we're going live to Westminster.

"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:32 min | 1 year ago

"hong kong global" Discussed on Bloomberg Radio New York

"U. A. W. K. that is a Bloomberg business flash now here's Michael bar with more what's going on around the world good morning Michael good morning they've been the justice department's probe of the Russian investigation is shifting to a formal criminal inquiry according to a person familiar with the investigation a prosecutor will look into whether Donald Trump or his twenty sixteen presidential campaign was a legally spied upon China fired back the vice president Mike pence is criticism on human rights calling a speech of lines and chiding him for ignoring U. S. problems like racism and wealth disparity pence gave a speech which criticized China's actions against protesters in Hong Kong global news twenty four hours a day all in Aaron a tick tock on Twitter I'm Michael bar all right thank you Michael and we are live from the Bloomberg interactive brokers studios where it is six forty nine on Wall Street it is time now to check what is going on in Washington DC some of the top stories in our nation's capital include two more witnesses expected to give depositions to house investigators next week Philip reeker the acting Assistant Secretary of state for European and Eurasian affairs is set to appear on Saturday there listening to witnesses now over the weekend the justice department has opened a criminal investigation into whether president trump or his twenty sixteen presidential campaign was illegally spied upon and president trump is also considering a policy reversal about vaping not banning meant and mental vaping flavors after all also making news this morning a story on the Bloomberg terminal the president appealing a ruling that upholds a subpoena that orders him to turn over his financial records chief US policy strategist Greg Valliere of AGF investments joining us now bringing us some insight into this and more going on in the nation's capital Greg it's a pleasure thanks so much for joining us this morning let's start with the president's tax records and other financial records you know the federal appeals court already ruled on this so now the president's lawyers are stepping up and saying Hey could you re here this case we we think there was a mistake made is that something feasible that could happen it could mean that confirms basically that from strategy over the last few years delay delay delay drag your feet don't cooperate seek more hearings so he's hoping to run out the clock between now and the election so this is just a delay tactic than absolutely I mean a lot of these cases that the merits are quite compelling but yeah you can slow it down a lot in the judicial process no they argue that the court made three big mistakes including couldn't that that there is the conclusion that Congress's subpoena had a valid legislative purpose they say Congress a subpoena does not that seems to have repercussions beyond just this case we are absolutely right it goes to this issue of separation of powers it goes to the issue of just what kind of authority Congress may have so on a dozen or so issues that's going to be a fundamental split between the White House and Capitol Hill one of the other things that the appeals court had said was the house with the request for expedited proceedings to move along with this case for example should move forward trumps lawyers are asking the appeals court to reject that all is that something else that they can hear separately even if they don't want to go back to the issue of the subpoena it could be and I think that if you contract as well into twenty twenty I think the public will have fatigue impeachment fatigue that personally I've got it already I think that as we go into next year that the public will get tired of it that's what the White House is counting on what they don't really control is whether the room more disclosures and I think that is the key while card as we look at the next few months could for example John Bolton come up with some explosive revelations yeah he could so I I think that's the one wild card there could be more out there that could hurt the president stands with come the late congressman Elijah Cummings lying in state yesterday in the capitol building they have decided not to hold hearings yesterday or today so some of those hearings going to happen over this weekend and into next week one of them could be John Bolton we haven't gotten confirmation on that what would you want to hear from him well I think the older that big issues with Ukraine I think he felt that we were doing things that were inappropriate if he knows where all the bodies are buried quite frankly and I think he will be a very compelling witness all right the justice department's going to shift gears here get justice department opening a criminal investigation into whether the president or his campaign was legally spied upon we're going all the way back now to twenty sixteen but the justice department opening this criminal investigation what are they looking for or is this more delay I think it's nice I'm not sure it's the way I think the president still has a tremendous issue with the outcome in twenty sixteen to the best of my recollection he wore in that election but he still feels that when people say it was because of the Russians are that Hillary Clinton had three million more votes it it makes him angry and I think he wants to see the justice department go after whether there was any spying on him and at the very least this could have a chilling impact on people involved in this because they are more people could be implicated now here's what I want to get to on this particular point the Attorney General William Barr had already said to lawmakers the Senate Judiciary Committee this was all the way back in may that he was concerned there may have been some improper spying he didn't really want to use the term he said he didn't really have any concrete evidence it was a bit squishy but since then he's really pushed to advance the probe traveling overseas asking for an intelligence officials for help what sort of position is the US Attorney General putting himself in when it comes to this probe well he's he sure looks Amy as if he is working at the behest of the president that he's a sink of fat almost for the president but I would at this point I travel a lot around the country and in many parts of the country there's a feeling that there's a cool that there's been a there's an attempted coup against trump that this is in fact a witch hunt is from says maybe as much as twenty five thirty percent of the public believes this and I think that the bars goal would be to confirm those beliefs and one last question before we let you go Greg about what you are looking for in the coming week because we have so many different cases going on at the same time like you said the public may suffer from the impeachment fatigue what is the one big red flag you're gonna be watching for in the coming week two things number one in our world the financial world is the FOMC and I think an awful lot of people feel that there's not a compelling case to be made for another rate cut but the market expects it so we'll probably get one on the impeachment front I do think that the key is going to be Bolton every morning this seems to be a new headline and new development but I do think the Democrats feel that they can't stay in secret for much longer I think they have to speed up the process so that by early to mid November the stuff is in the public Greg Valliere with AGF investments always a pleasure thank you so much and you can read more about these stories on Bloomberg dot com or on the Bloomberg terminal and as a reminder you can follow all of the latest on Bloomberg radio in Washington just tune to Bloomberg ninety nine one and one oh five point seven FM HD two it is six fifty six on Wall Street knowing commentary is from Bloomberg opinion what liberals don't get about Facebook facts and freedom I'm a mesh Pinero a columnist for Bloomberg opinion civil rights groups are demanding that Facebook suppressed post they consider dangerous falls or racially divisive the letter comes after Facebook chief executive mark Zuckerberg give a speech we affirming the website preference for erring on the side of letting people in groups post what they want that's the right instinct the critics have said the disinformation propaganda prove deadly during the civil rights era contribute to the assassination of Martin Luther king junior but if the US had been less protective of free speech back then it's kings photos he would've been deciding what to censor if this will get to the business of blocking political content to judges falls will inevitably end up quoting a lot of true invaluable speech that's because what's true and false in politics often the subject of fierce dispute and no person and no company is always right I'm respiro for more Bloomberg opinion please go to Bloomberg dot com slash opinion or O. P. I. and go on the Bloomberg terminal phase has been Bloomberg opinion Bloomberg opinion editorials can be heard every week day at this time and terminal customers can read more it OPI and go Nate then all right Amy thanks so much we continue to watch shares of Amazon in the pre market there down five and two thirds percent after the E. commerce giant posted its first quarterly loss in more than two years on increased spending for one day prime membership and we're also gonna be watching shares of Verizon at this morning it is among at ten companies in the S. and P. five hundred reporting earnings of this morning ahead of the opening bell far as a futures go at the moment to just slight gains of S. and P. futures higher by almost four points Dow futures up nine nasdaq futures higher by fifteen points ten years down to thirty seconds the.

"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:37 min | 1 year ago

"hong kong global" Discussed on Bloomberg Radio New York

"Ripple and we ought to have a system that has redundancy and has backed up Kanye chief executive officer John McEvoy told reporters late yesterday the company would investigate the root cause of the blackout in Turkey the US sanctions that lira traders have been dreading for months will probably be announced in the coming days this as punishment for Turkey receiving parts for the Russian made S. four hundred missile system but the possibility that the impact of sanctions on Turkey's economy will be minimal may ward off around in the lira traders probably won't react as negatively as they did to the ouster of Turkey's central bank governor unless the sanctions are heavy we have important economic data on the way from China in the week ahead Bloomberg's Deborah Mao reports from Hong Kong China releases second quarter growth figures Monday in the first look at how the economy held up through a trade standoff with the U. S. GDP and other data are expected to have decelerated again any evidence of a deeper slowdown could boost the case for government stimulus and support the policy makers are of course keen to keep output stable and then the presumption of trade talks with the US I'm Deborah now Bloomberg news in Hong Kong global news twenty four hours a day on air and it took took on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Susanna Palmer this is Bloomberg you're listening to politics policy and power on Bloomberg radio I'm June Grasso with president trump's tax overhaul.

Kanye president Hong Kong Hong Kong China Deborah Mao lira US chief executive officer John McEvoy trump June Grasso Susanna Palmer Twitter Bloomberg China Turkey twenty four hours
"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:18 min | 2 years ago

"hong kong global" Discussed on Bloomberg Radio New York

"This is Bloomberg best Bloomberg vest is about the insight and the context and get from our guests. It's a great way to catch up on some of the stories. You might have missed on the Bloomberg stories, you're not going to find in any other news organization. Bloomberg best. Bloomberg's best stories of the day. Powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world. From the Bloomberg interactive brokers studio, I'm Ed Baxter on this edition of Bloomberg. Best for Wednesday, November twenty first the air most on the Italian budget. These is not good for the. The people because decreases detonates framed likely to create more groups, plus Tiger Woods discusses his upcoming match up with Bill Nicholson losing to one another. And so we're going to have an exciting time on Friday. But at the end of the day, I'm not losing Phil shirt. He told the way. All this and more coming up in the next hour of Bloomberg best. And I'm Bryan Curtis. In Hong Kong. Let's get you. This hour's top business stories and the markets were live from the Bloomberg. Interactive brokers studio, Nissan's board is said to be divided over the fate of Carlos gone members. Apparently do not agree about whether or not to dismiss him. As chairman. Bloomberg's David rock says it's not clear what going has been up to since his arrest for alleged financial crimes. We've read the French ambassador has visited him, and we think possibly some American officials may have gone in talk to his associate there. But we're not certain about that. So what we're really in the dark here. They've they've kept him very very much in isolation. As far as we can tell Nissan's board meets this afternoon in Tokyo. Japan's core consumer prices rose one percent in October from a year earlier matching economists estimates, but that one percent is just half the Bank of Japan's target. Singapore is bracing for slower economic growth next year. That's as demand in Asia. Weekends growth is seen easing to one and a half to three and a half percent. In two thousand nineteen from projected range of three to three and a half percent in two thousand eighteen and GDP in the third quarter disappointed rising an annualized three percent from the second quarter tech. Stocks rallied on Wall Street overnight after the steep losses yesterday, a major. Indices were higher for much of the trading session before late drops. So the Dow and the s&p give back most of their gains briefly in the Asian markets. The Hang Seng index is down two tenths of one percent. The Nikkei is flat and the kospi is trading down about a quarter of one percent. Let's take a look at currencies. The dollar yen won twelve ninety nine the euro at a dollar fourteen. I'm Bryan Curtis in Hong Kong. Global news twenty four hours a day live and a tick talk on Twitter, we are powered by twenty seven hundred journalists and analysts in one hundred twenty countries. This is Bloomberg. Yesterday. Wall Street erased its gains for the year as tech and oil stocks drove markets lower and boosted volatility for more on the current markets. Bloomberg's Jonathan Farrow and Tom Kaine spoke with oppenheimerfund senior investment strategist, Brian Levitt. Is this a twenty eleven twenty-sixth scenario of had so many people debating that in the market over the last couple of days. I think it does have some similarities to twenty sixteen if we remember the beginning of two thousand sixteen the idea was that the US was decoupling from the rest of the world. The Federal Reserve is going to proceed with a number of interest rate hikes that strengthened the dollar. That's soft money out of the emerging economies. And ultimately, what happened Jonathan was the Federal Reserve, essentially said, okay, just kidding, right? They backed off the dollar stabilized commodity prices stabilized. Now, what's different? Then. Then now was you also had Chinese stimulus about to come on board in a significant way. I don't think we're going to see the. Bazooka Chinese stimulus, but you'll see a drip strategy, and and that should stabilize breath globally as the US slows. This for me is the big points. So we had a growth scam in early twenty six day, and it was very much made in China than the European Central Bank through the kitchen sink at the Federal Reserve backed away and the Chinese pumped a lotta credit and write a system, right? Does the Federal Reserve had the same game plan to they have the capacity to do the same thing. Again. Most people are going to say, no, well, the feds certainly does European Central Bank. Definitely does the Federal Reserve does, you know, even though it's a tight labor market. You look at the Phillips curve still basically as flat as the table that we're sitting at so you don't see the wage inflation. Sure wages are up some, but in a healthy way core personal consumption expenditure. Just got to two percent. It's there's nothing worrisome about the inflation backdrop, so so long as the dollar remains persistently strong and the yield curve relatively flattish. The Federal Reserve. Can certainly back off. And I suspect they will. Let's talk about what's happening right now that will spark the interest of the Federal Reserve to the degree that they back away. What is happening in the market right now, there's going to be of the most consent to them. I think the biggest concern to them is what's going on in the housing sector. And so you know, what we're finding out in case people were wondering is the US still an interest rate sensitive economy. We are still an interest rate sensitive economy. So when rates go up to three twenty the economy slows that was always the risk of late cycle stimulus. This idea that the United States is decoupling from the rest of the world. There was this belief. I never believed that the US was going to go to a new hire sustained level of growth. It's not true. What it's done is it brought retire. That's slowing the economy and the US is moving back towards trend and often. Furrowed? I really try and we fail. I feel more than John John perfect. But we. FAO? The hysteria of the moment. I'm not seeing the hysteria with catharsis are true. Correct. Bear market, but I'm thunderstruck by some of the headlines saying two thousand eighteen was a horrific equity year, if you have double digit returns x years in a row, you gotta go single digit at some point. Right. Right. And and right now what you're seeing is what NASDAQ up a percent S and P five hundred up three percent. So it's not a disastrous year, it's tough October, and a tough November you through all the hysteria. Investors really need to think about what their goals are. And what their time horizons are we can look back over very long periods of times and show that over any ten year period stocks are positive ninety four percent of the time over any one year period at seventy five percent of the time. So you investors are always trying to get the next trade. Get the next data point right year. We need to pay attention to the cycle. Yeah. We need to pay attention to policy, but for long term investors. They need to see through this. And. Look at these moves as buying opportunity because to me, this is really important corrections are normal at least, that's what the text books say. And I was a brand we've moved on from that. We've had a wreck or a media event. I mean, we've had a greater than five percent correction in every year, but two in the last four days, someone is very very rare. And for one the S and P five hundred believe is now down on the year. It is very very rare to have a market cross asset which just delivered negative returns across pretty much every single asset class within the equity market to have a couple of corrections within a single year and on top of that have achieved EP prynne with a three handle with full handle, a real decentralization rationing US growth. We've had all those things. I think what you're describing Jonathan is an environment where policy uncertainty is creating a lot of market volatility. And that's that's what tends to happen. I mean, it's been a prolonged period. For companies that's been about this increase in profit margins. And when we start to talk about tariffs, and we start to get tighter on trade policy. You have to be concerned about where growth goes, and what that means for profit margins that was Oppenheimer funds senior investment strategist, Brian Levitt speaking with.

Bloomberg Federal Reserve United States Bloomberg interactive brokers Hong Kong Jonathan Farrow Bryan Curtis Brian Levitt Tiger Woods Nissan Phil shirt Asia Bill Nicholson Twitter Bank of Japan chairman Ed Baxter Interactive brokers European Central Bank John John
"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:56 min | 2 years ago

"hong kong global" Discussed on Bloomberg Radio New York

"About four tenths of one percent to around one twelve thirty seven in spite of the pullback, though, a Nikkei futures in Chicago have us down about one hundred and thirty points below where we finished in the cash market yesterday in Japan time now for the morning, call Tatyana dairy as here she is a reporter from Bloomberg's macro squawk where do you want to begin? I want to begin with the major averages because they did quickly raised a gays after a Bloomberg report that the US is considering more tariffs on China if talks between the took presidents and next month make no progress. And it was a bad day. For tech shares with large check, which large-cap tech extending losses is some five hundred information technology sector was down one point eight today, and is now down more than eleven percent this month in addition to tariffs that proposal on digital service tax in the UK added to concerns in affects jog like you said a stronger dollar and a weaker you on the Chinese currency. Now, it is lowest level since December twenty sixteen and the euro also fell as markets digested Angola Markle's announcement that she want run for another term as Germany's Chancellor live from the first word breaking news desk, I'm Tatyana. Daria. All right. Nineteen past the hour. Let's get an update on global news Baxter's holding down the four to the Bloomberg nine sixty newsroom in San Francisco. Eddie, all right, Douglas. Thank you. Donald Trump's job approval rating has plunged four percentage points amid the wave of violence in the past week Gallup polling shows forty percent job approval. Now just over a week from the midterms the White House says voters should not blame the president for the recent violence. I court appearance today for the alleged shooter in the Pittsburgh synagogue, formerly charged with federal counts of murder another suspicious package has been intercepted address to CNN in Atlanta investigation of the lion. Aircrash Indonesia steep dive at the end from forty eight hundred plus feet down and just twenty one seconds all on board feared dead. German Chancellor Angela Merkel is stepping down as chair ever Christian Democratic party. She will remain as chancellor until the end of the term typhoon U2. is now category. Two storm wins. It went hundred mile per hour. Plus as it hits the north. East Luzon the Philippines. It has the ability to strengthen again to category. Three it will then head back out over open water and began turn northward toward Hong Kong. Global news twenty four hours a day with twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world in San Francisco, I'm Ed Baxter. This is Bloomberg rich. Thanks. Let's go back to a guest Brian Jacobson from wells capital management where he's multi asset strategist Brian thanks for sticking around with us. What do you make of the latest noise of the fed and how they look perhaps markets because we do have this contention that the contention that the fed at what point does the defense actually think about pausing when they look at markets and how bad the markets have to get before. They actually think about it. Yeah. I think it's interesting. The idea that the Federal Reserve is really in tuned to reacting to the Vikings. I think that today look at it as a of inefficient way of conveying to them information about the outlook. So it's more not necessarily the quick market moves that we might see like today you see a dramatic sell off. And then thankfully, a little bit of rebound towards the end of the day. So we end off the lowest. I don't think they are. They are short term focused. It's more about the longer term trends, but we know very well that they have been concerned for a while about the signals that have been sent by the flat the yield curve. Now, we've gotten a little bit more of a deepening of the curve there. So maybe that's some of their fears. So I think they look at it as a source of information, but they're not going to try to react to it. They don't want there to be the idea that there is indeed a said, there's a lot of people in the markets like to think that there is I I believe actually multiasset. Solutions team perspective that the fed one of the biggest risks to the outlook is that we see slowing economic data and in the run-up to the December meeting, but yet they maybe strike to Chipper of a tone when it comes to actually what they're going to do for monetary policy because one of the biggest threats to in the market bubble market is a cheerful central banker. Those can be dangerous. We haven't really seen any crack in credit Credit's been holding up. Pretty well. If you look the yields haven't haven't seen a big spread there. Now, if that does crack does that tell you that fear is really there? And maybe it's maybe the correction is about run its course, or do you think that you know, the bond market is telling us the stock market is overreacting. I get a comfort from looking at the high yield market and seeing that spreads aren't blowing out. I used to be you'd always work at high yield spreads than as a leading indicator of equity markets, and I still hope that as long as high yield isn't reacting to negatively in my mind that creates the bible dip opportunities in the equity market now, maybe we're wrong. But that is the view of our team that we're still leading pretty cyclically with our allocations favoring risky, and whether it's with equities or with yield until we get confirmation from the high yield market better view is wrong. This is the thing is everybody's looking for the bottom on they Brian at the moment vacancies. And I is it any way of actually knowing where it is especially in EM because you think that maybe the US has got a bit more to go. That's at least people I've been talking to see. This is where the research I've been wrong on this. But thankfully, I work with some portfolio managers who have gotten right when they're actually putting client money at risk. I went into the year thinking that emerging markets would be a good buying opportunity. And I guess just for the sake of being consistent the price goes down. I should think that it's even better of an opportunity now because I don't think that's the fundamental really deteriorated to support the move down in price. It's the portfolio managers are a little bit more in the weed with what's going on with market sentiment. But it is a more of a viable opportunity. I think at this point just given you have to make the assumption about what the outcome is going to be of say, the the US China trade tip is it going to have Bill over affects into other emerging markets. The rest.

Bloomberg Chancellor US Brian Jacobson China Angola Markle Donald Trump Chicago Daria Baxter UK Tatyana Germany Japan San Francisco Hong Kong
"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:35 min | 2 years ago

"hong kong global" Discussed on Bloomberg Radio New York

"It's delivered new anti aircraft missiles to Syria just two weeks after Russian reconnaissance aircraft was shot down in the country killing fifteen servicemen. Russia's defense minister has said four s three hundred launches have arrived in the country. Russia blamed Israel for the incident, a challenge, which Israel denied thousands of people affected by the quake. Concede nominee in Indonesia. Now waiting for a to arrive more than twelve hundred people have been killed for the focus is now on survivors, some of whom are without food water shelter later today. British military aircraft parts with supplies will head to the area. And a sixty year old macallan could set a record at Bonhams Edinburgh auction today as wealthy by his continued to faith that limited edition Scottish whisky one of the twelve bottles. It's presale estimate of almost one point two million dollars tops. A current record of one point one million set by bottle of the same nine thousand nine hundred twenty six vintage Bonham's Hong Kong global news twenty four hours a day on and talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm the guarantee this is Bloomberg Marcus fairly. And now the euro is on the move this morning after reports in the Italian newspaper Corriere della Serra that the name. Draft budget plan will pledge to cut the deficit to two percent in twenty twenty one. But after the government reversed a proposal to maintain a two point four percent shortfall in the face of pressure from the European Union. ECB governing council member only rain earlier called fears that Italy's public finances are unsustainable. A serious concern for more. Let's go live now to Rome where Bloomberg editor. Kevin Costello is standing by for a Kevin. How is how important I should say is this report from Carrera de LA Serra? Should we take it a face value? Kevin. Can you hear me? Okay. We appear to have lost their connection that to Rome and the Italian capital we're going to try to get Kevin Castillo back Oberlin. So he can tell us about this reports. Once again in the Carrera de LA Sarah that these howling government will be coming for a budget deficit of some two percent in twenty twenty one. Is it going to be too little too late as opposed that is the question because four hundred thousand nineteen the government is maintaining the two point four percent budget deficit target. We understand Yousef. Yeah. I mean, it's an interesting report because the government will effectively stick with it's fine for two point four percent for twenty and nineteen while the target a gap to two point two percent and two percent for the two successive years respectively. Again, this acquitted Corriera the government originally said, of course, it would aim to two point four percent for all three years, and you have to wonder what these mixed signals in terms of targets. Just add to the uncertainty is no clear unified. Position from the Italian government. Let's cross over now to Kevin Costello. We do have him on the line. Kevin let's start with with this report that corier de LA Serra how much credibility weight should investors assigned to this. Well, I think the numbers that are reported are what the government has decided on another words backing down from the original plan. So it does look as if the government now, we'll listen to the EU. But there is one important point. Let's not forget, and that is that the government will be sticking with the plan of two point four percent for next year. Now, that's the number that a lot of people have been focusing on. And the EU is likely to say that that is still outside the regulations. So they have trimmed the later years, but the sticking point is still likely to be the two point four percent for next year. I mean, we've had a lot of noise in the past few days, a lot of different political headlines regarding this budget deficit what's likely to happen today in Rome, Kevin. Well, the plan is that the government will present its budget plan to the parliament and the parliament will look at over. And then the whole thing is due in Brussels by October fifteenth. Now, how Brussels will react depends on what numbers are presented to parliament today. And we still do not have in writing a definitive plan from the government. So what's likely to happen today? In rome. Do we have a sense of the chronology of events that could shed some light on this on this whole matter. Well, the parliament will be taken this vitamin the different members will be looking at the numbers. Of course, the numbers will be presented to the public. And then we'll finally see exactly what is in there. You had mentioned that there is a lot of Norway's going on. There's noise and their insults flying back and forth between Rome and the European Union in Brussels. So right now, I would imagine that the government is hoping to try to calm things down a little bit prevent a plan, and then defend it. They can right to defend it as best. They can we're gonna be keeping an eye, of course, on the euro, we're going to be keeping an eye on BT peas when they start trading at the top of the next hour Sunday going to be interesting to see if there's a similar reaction when it comes to those.

government Rome European Union Kevin Kevin Costello Brussels parliament Carrera de LA Serra Corriere della Serra Indonesia Kevin Castillo Israel Russia Bloomberg Marcus Syria Bonhams Edinburgh ECB
"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 2 years ago

"hong kong global" Discussed on Bloomberg Radio New York

"Saying make five that hundred his thousand meeting cars with vladimir but they're putin nowhere will close be easier to even than meeting beginning with theresa production may i mean this is just he the first calls step putin a in competitor what will as undoubtedly opposed to a friend be a long or process foe incidentally the make matters the shanghai more uncomfortable government for appears uk to prime be suggesting minister may it he had may some help with some of the capital some needed kind words actually to develop i should say this about plant the details resigned though boris or few johnson and far the foreign between secretary well blacks may john is said to has be seeking sloughed more than twenty billion off the dollars comments for a buyout johnson's fund we replacement get more from bloomberg's jeremy denise hunt says pellegrini his main job now we're being is told to stand the private firm equity with the firm prime will start minister marketing the global buyout is fund a later strong this year confidence that's up britain to gathering about eighteen billion global dollars prisoner from investors the for wild its last pool boars blackstone are free is speeding all up reentered twelve boys said that the market and their as ties investors soccer pilot coach into or the out of asset the cave class daring high demand rescue from yield that was hungry managed clients moment helped firms to moment taken a record four hundred fifty three billion dollars last year and and this means private equity the firms province hold a record acting one governor trillion says a work dollars we've in achieved dry powder here i think it's as partly they scour because we the globe have power for deals the power of to love be spelling the power queenie bloomberg love of each daybreak other asia everyone chinese senate apps to thirteen that leveraged people women's now physical we're being appeal told that two are of now the boys tapping have into pneumonia their spending power that and story all from bloomberg's are open rishaad to salamat infection we're also these told risque the live divers streaming were apps clearing their object equipment defying as pumps men failed as well in companies three like of why the caves and momo they built call the empathize it a very with women in close scantily clad call outfits now that chasing educated weather women with taiwan's higher incomes and been demand lashed by virtual strong wind entertainment rain typhoon the maria platforms evacuation adding still sanctions enforced targeted japan to women's dealing interest with in massive gaming flooding outdoor which is brought sports the death toll now to anime over one and hundred fifty south good korea looking has men suspended its is summertime it working august well civil defense why why's drills revenues aimed at jumped preparing forty three against percent of the north first quarter korean well attack murmurs to keep alive rose a positive sixty four atmosphere percent at says in hong kong global i'm news rishaad twenty salamat four hours bloomberg a day daybreak on aaron asia talk on maybe twitter we have to get powered rich by a more cough than twenty early seven there well hundred another journalists update and analysts on wall in more street than one the hundred s twenty and p countries five hundred index in gaining san francisco for a fourth i'm ed session baxter this let's get a is close up blue look bloomberg at what's douglas happening in all all right the asian many markets thanks said here nine we've bryan past curtis the hour in hall hong kong hong brian is with us he is let's a head of run research through some and of the he's numbers also the juliet chief strategist the hang seng index at just bocom opened international and we're down holdings a little joining more than.

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"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:02 min | 3 years ago

"hong kong global" Discussed on Bloomberg Radio New York

"Percent bitcoin trading at ten thousand thirty 37 jack vogel though saying avoided like the plague us 10year treasury at two point three three percent let's get an update on global news now bloomberg's magazine art news aim at the very latest mark thank you the intercontinental ballistic missile launched early wednesday by north korea flew higher and longer than its previous launches analysts say north korea may now be able to reach washington dc where the missile president donald trump has spoken with japanese prime minister shinzo bay and south korean president moon jae in to discuss the country's response to north korea the un security council has scheduled an emergency meat on the latest missile launch an australianborn muslim known as ali has been arrested after allegedly planning to carry out a terrorist attack with an automatic rifle at melbourne's federation square on new year's eve china sentenced taiwanese activists leeming chains to five years in prison for holding online political lectures and helping the families of jailed dissidents former president barack obama's on a threecountry tour that includes meetings with the leaders of china and india and a ten point nine three diamond ring sold for thirty two million dollars at christie's in hong kong global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries i'm mark mills this is bloomberg to knock thinks about silviaadriana singapore cd are now on sale apec sex say capital markets and he joins us to discuss elaborating between fiend text and financial institutions adam thanks so much coming in now you have just had an update from your head office in denmark about the launch of sex so select in asia tell us about that and i guess how we are seeing these collaboration between traditional banks and other in tech space flagged wrote for a meal so you're with load for of asiapacific launching here in singapore as the starting point and sexual selectors of digital wealth management solution for clients to give them a lot of control over their investment portfolio at.

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"hong kong global" Discussed on New Jersey 101.5

New Jersey 101.5

03:40 min | 3 years ago

"hong kong global" Discussed on New Jersey 101.5

"With music comes out the play you get a right to dig is the denison judy live myself and my vecchione very funny to me the end of every team that the regard theater down brooke new jersey amy is emu you in new jersey world 15 paving hong kong global finally be on your show will you know what i've been waiting candle burning and everything and now that you are here i have to worry about wax build up on the board so this is perfect you called me up i love you to be you you have even better than us i am hoping coburn lokman kharaia kick a my problem of our people people should novi but i'm gonna i'm gonna cry from seventy seven in the survey here rejoice from for me i give you this stuff i say for friends and relatives i i know a lot of friends and relatives them here all i'm gonna do and my tech if god preventive happened to win i'm just going to attempt to somebody who rallied all zito light that is a journey i didn't stay no i mean you know what there is your asia glow bear here you go again you say you want your freedom oh my god gone down the all room never mind ga while to god you d e ari opera trump way i like this job amy him it would be deported our conversation if that happens are now oh my god i know what will i know bombed i can't think of the name or that are gadot milu were homeadvisor it is mary in hillsborough i new jersey wanna 15 hi mary i wish we look to get there good loved mary all right coming from the eighty from vis i feel off hunger itself solve hunger they tries to keep a man awake at night my kidney oh mm the us new jersey 100point five it's up wesley oh good you whereas what i've heard people tell me they said was also as he did add yet in the know will he really is and now here you were validating backing it up all right you gotta give me a '70s and '80s wisely to i mean these gregory day from the 70s here she stood there bright is the sun on a california coast i don't know where that's what's support i am with do open slots jumped by jersey's opening lives one eight hundred.

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"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:20 min | 3 years ago

"hong kong global" Discussed on Bloomberg Radio New York

"When it comes to hate speech by white supremacists and other such groups distancing himself from president trump's comments on saturday's violence in charlottesville when it comes to the klan when it comes to the nonnazis on white supremacists are unambiguously equal their racists bigots and as we saw tragically in charlottesville far too often nazis and clansman have resorted to violence and murder earth sizzle with unprecedented heat last month the national oceanic and atmospheric administration said the planet experienced its second hottest month since recordkeeping began in 18 eighty at sixty one point eighty nine degrees last month was barely behind july of 2016 alltime record i'm barbara kusak this is bloomberg vest insight in the context gift the marquess it's a great way to catch up on some of the stories you might have missed on the bloomberg stories you're not going to find any other news organizations first bloomberg's best stories of the day powered by twenty seven hundred journalists and analysts in more than 120 countries around the world i'm also on this edition of bloomberg vast for thursday august seventeen steven major from hsbc discusses the path forward for the federal reserve verbal grades for gently with the bucks from could go above ralph means the biggest wind and senator ben cardin reacts to the president's comments on the violence in charlottesville the pierre or not the american value clarity all this more coming up in the next hour bird best first it let's get you caught up on this hours top business stories and the markets i'm brian curtis in hong kong global investors have turned edgy over president trump's handling of the virginia violence and what it means for the administration also terrorists struck a crowded street in barcelona and that has weighed in on sentiment china's home prices rose in fewer cities in july adding to signs the property market is cooling you home prices gained.

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"hong kong global" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:56 min | 4 years ago

"hong kong global" Discussed on Bloomberg Radio New York

"Seven seven four dad four one one or visit fatherhood dot gov brought to you by the us department of health and human services and the ad council and now from the bin but newsroom in hong kong global investors current get enough of taiwan make no team the rally admitting the rally is owned by fee at chrysler loom both patrice the core has more samsung is especially interested in night netting morelli's the lighting in car into came in and tell maddux business and according to people familiar with the matter could consider an acquisition of the entire company the deal could be worth more than three billion dollars with a goal of closing this year that would make sense suns biggest ever acquisition outside south korea a move into automobile components would help decrease and suns reliance on consumer electronics patrice a cora bloomberg radio with check the muppets every fifteen minutes here with texas screwed up at seven temper that fend trading at forty won eleven.

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