20 Burst results for "Hong Kong Times"
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"On Wall Street 7 44 in the morning here in Hong Kong time to check in with Bloomberg opinion. We are joined by opinion markets columnist Jonathan Levin, who's writing about Nvidia. Well, I think a lot of us are going to be all kind of scratching our head here, Jonathan. Thanks very much for joining us. You've written this beautiful piece about Nvidia. It's not easy really to figure out whether or not the market is acting crazy here. I mean, you note that if we look back at Cisco, it's worth less now than it was in 2000. But if I look at the forward PE, which means a lot more than the trailing PE given what they announced yesterday. And admittedly, they announced revenues up 50%. And those would be based more on contracts than they would be just on pulling numbers out of the sky. And so if you think about that, a forward P E of 45 when you're growing revenues more than 50%. It doesn't seem all that crazy. Yeah, that's true. You know, I mean, I think the market is looking at. Something like 7 billion in revenue for the current quarter and the company comes out with this guidance for 11 billion. So far above expectations. And it forces sort of every analyst covering this name to go back to the drawing board and say, you know, if we were wrong about next quarter, are we wrong about next year or about three years from now? And so the real question is just, you know, are we seeing a boom of investment in this space in sort of data center infrastructure right now around some of the excitement or is this actually sustainable and poised to grow, maybe by an order of magnitude going forward? Did you lean though on the side of skepticism? I mean, I think he always need some healthy skepticism in a market where we're looking at a fed funds at 5 .25% where people are concerned about potentially a second half recession here. This is a company that inevitably, no matter how great the secular growth story looks, if some of its customers need to cut back on CAPEX, it's going to face some difficult times, right? So in the short term, I think you need to think about that. And then there are also questions about the long term. I think people are very, very excited about in a video right now because of its absolutely dominant sort of market share in this particular space. It's kind of the only arms dealer in town when it comes to this, these sort of engines of the computing that is going to become much more popular in the AI era. But absolutely impossible to breach. The real question, of course, is are some of its competitors going to be able to catch up or at least make a dent. And are some of its customers going to be able to start making their own chips at some point. Well, sure. A lot comes down to execution. When I think back on the Internet, which I think I first became aware of around 1995 or so, and it took a long while to, I think we can say that probably Apple was the biggest beneficiary of the Internet. I mean, this is the biggest company in the world now, and valued at over 2 trillion. You've written this piece about Nvidia. You've obviously looked at the space a lot. When we look at artificial intelligence, it's probably too earlier too early to pick the biggest winner, but would Nvidia at least be sort of in the ring. Yeah, I mean, I think that what you just laid out is precisely why people like Nvidia, right? It's sort of doesn't matter who the winners and losers are. No matter who it is, the video, at least the way things are right now and the video is going to be selling chips for their projects. I think the great thing about the video, I think a reason for optimism and the medium term is that they have position to themselves such that they, it doesn't matter what the particular hype cycle of the moment is, they just profit off of hype, right? So they were big beneficiaries over excitement over the metaverse, which nobody's talking about anymore. They were big beneficiaries over excitement about the build out of Bitcoin mining and stuff like that. They've got an automotive unit. So if self-driving cars become a huge thing, they're probably a beneficiary there, right? So they can sort of latch on to so many stories and I don't want to sort of downplay the AI story. I think it is easily the best story they've ever told and that's why that's why you see this level of excitement. And
Bloomberg Daybreak Asia
Fresh update on "hong kong times" discussed on Bloomberg Daybreak Asia
"That's Bloomberg. Bloomberg opinion informed perspectives and expert data -driven commentary on breaking Hi everybody it's 844 p .m. on Wall Street 844 in the morning here in Hong Kong time to check in with Bloomberg opinion we're joined by opinion columnist Minxin Pei who is writing about Western corporate executives and how they may have missed a crucial opportunity in China and mr. Pei thanks very much for joining us always love to have you on the program well we don't know in what they private said but at least in public you weren't too impressed definitely Western corporate items from Jamie Dimon to Elon Musk both happened to be in China a few I think last week or two weeks ago and of course even if they said not what based on public reports have said nothing in public but I
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"In Hong Kong time to check in with Bloomberg opinion. We're joined by opinion columnist mention pay, who is writing about China's position on the Ukraine war. It's great to have you on the program featured some of your comments last week when this piece came out, found it very interesting. In essence, one of the things that you're saying is that people should not fear too much the alliance between China and Russia has failed before and decided back in 1950 with the Sino Soviet treaty of friendship, alliance and mutual assistance. It failed before and it can fail again. Your thoughts. Yes, I think, first of all, the history as you alluded to does not give us a very good record about sign of Soviet announced Sino Russian relationship. And second most importantly, people overlook is how difficult it is to maintain a relationship between two equals. Because the junior partner, yes, go ahead. No, I was about to ask you to explain that point because as you argue, this isn't a meeting of equals. China is the stronger partner. So how does this get managed? Because the conventional wisdom is that the stronger party or the stronger partner has control over the junior department In reality, it's the opposite. The junior partner, having less flus, often is much more aggressive. And often sees itself as contributing more to the relationship. And therefore, would ask for more. So when you look at Mao Mao Zedong in the 1950s and then putting today their behavior is very, very similar. But was much more aggressive was asking a lot more from khrushchev who at the time was the Soviet leader and today Putin is almost the same. He's a lot more aggressive and he's asking for a lot more than she would like would like to deliver. And will it be possible that just the reverse ends up happening that president Xi Jinping will be able to extract more out of Russia than perhaps what it could have in another period? Yeah, well, you have to ask yourself, what can she get from Russia where he can get from elsewhere at a lower cost? We're really energy energy. Hundred carbon China has a lot of partners, the sources around the world. It's a matter of price. But when you look at how China is going to get energy, you have to put up a lot of upfront investments. This pipeline to the power of Siberia two is going to cost tens of billions of dollars. At the same time, China already has signed long-term supply green in these Australia, the U.S. and other Middle East supplies. So why should China put up a lot more upfront for something from Russia, say ten years or 7 years from down the road? So I've let him have Putin didn't really get everything you wanted or needed from this visit from president Xi. Can you really call this a now limits friendship? No, no, I think another thing that I tried to say my piece is that this relationship can work. If only the senior partner to more powerful partner is willing to open up its pocket. And give the junior partner whatever it wants. At this point, we just don't see China is willing to do so. So that's trouble. The other big aspect of what China might want from Russia is solidarity standing up to the west. Yeah, but this symbolic. They actually don't need because these two countries are bound together by their fear and fear is a very powerful motivate. So if Russia is the U.S. China fears the U.S., they are going to be together regardless. But, of course, what fear and fear can only do so far in bringing the two countries together and sustain a relationship because on a day to day basis they have to deal with a lot of other issues. How do you anticipate China's role changing as Russia's adventure and Ukraine grinds on or do you see it not changing? But it's very dynamic. It depends the facts on the ground. Or really depends are how the war goes. If the war goes south for Russia, China probably will have to step up its support for Putin because China does not want footing to fail. But if the war becomes a stalemate, then China will have a lot more room to maneuver. Mister pay, you're there based at Claremont McKenna college in California. How would you assess the U.S. handling of the two at the moment? I would have to say that the U.S. probably is a little bit more aggressive on China than it should be because it is pushing by being very tough on China, the U.S. is foreclosing any prospect for mutual accommodation
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"All that mystery and speculation around BOJ policy as our markets crew norts, notes. So this following on S&P 500 bruising yesterday, and that's a Bloomberg business flash. Now let's get a news update with Ed Baxter in San Francisco. That's right. Hey, thank you. Yeah, thank you, Michelle. Elon Musk is in court over a couple of tweets that lawyers for the shareholders say cost billions of dollars. Juries selected today trial begins tomorrow. University of Texas at Austin has banned the use of TikTok on the campus networks expressing concerns about ties to China and the large amount of user data that it collects. Hong Kong may soon scrap PCR test requirements for arrivals from China, Hong Kong times reporting lawmakers recall for a switch to rapid antigen tests, South Korea president Yun suk eula's office has clarified statements that the ROK might need to acquire a nuclear weapons. They say no it has no plans to do so. Pentagon says it is struggling to get China to resume military to military talks, German Chancellor Olaf scholz says Germany believes globalization is a key to the future of the world and tells Bloomberg's John micklethwaite that China is a part of that equation. Schultz also says Germany will support Ukraine as long as there is need And the mayor of key vitali klishin Dallas with Bloomberg's David Weston says the fight to keep infrastructure is intense and also The Pentagon says it is sending U.S. arms that are being stored in Israel, Ukraine. That is a New York Times report. In San Francisco, I'm Ed Baxter, this is Bloomberg. All right, let's check on sports with Dan Schwartzman
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"We update markets all throughout the day here on Bloomberg radio. I'm Brian Curtis in the Bloomberg interactive broker studio in Hong Kong, the flash just across the Bloomberg terminal, apple is postponing its AR glasses and is planning now to pursue a producing cheaper mixed reality headsets. We'll get you details on that as soon as they become available and also just moments to go Japan's benchmark ten year bond yield rose above the BOJ ceiling for a fourth day. It comes as the bank of Japan gets set to announce its policy decision today. The yield on the ten year JGB moved up one basis point to 51 basis points. The market is waiting on this decision. A survey of 43 economists showed that all but one is predicting the BOJ will leave policy unchanged. Asian stocks are mixed here this morning, but tilting a little more to the upside than EK itself is up about two thirds of 1% the ASX 200 has advanced about a tenth of a percent. We're seeing some gains on the Hong Kong and China markets, the index up about three tenths of 1%, the CSI 300 is trading up about a tenth of 1%. The fed bank of Richmond president Thomas barkin said that recent U.S. inflation reports have been encouraging, but the rate of increase is still too high to ease off on higher rates. So that might be a negative for some market participants, but then you see oil rally, WTO up on almost at $81 a barrel, some optimism there that energy demand in China will improve this year. And right now, WTI at $80 at 86 inch spell, and that is a Bloomberg business flash. Let's get headline news with Ed Baxter in San Francisco. All right, Brian the Hong Kong may soon scrap PCR test requirements for arrivals from China. This is a Hong Kong times report
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"Mildly so with the ASX 200 better by a tenth of 1%. We'll take another look at markets for you. In about 15 or so here on daybreak Asia. Let's update global news next Ed Baxter in the Bloomberg newsroom in San Francisco Eddie. All right, thank you very much to the song Kong may soon scrap PCR test requirements for arrivals from China. That's a Hong Kong times report. Lawmakers have called for a switch to rapid antigen tests. South Korea president Yun soki Al's office has clarified statements that the ROK may need to acquire nuclear weapons saying it has not made any plans to do so. It got major pushback from the United States. Pentagon says it is struggling to get China to resume military to military talks, German Chancellor Olaf scholz says Germany believes that globalization is the thing that needs to be done and needs to go. It's a future of the globe and tells Bloomberg's John micklethwait the China is part of that. Schultz says Germany will support Ukraine as long as there is need, and the mayor of key vitali, Klitschko in Dallas, with Bloomberg's David Weston says that the fight to keep infrastructure is intense and former U.S. Secretary of State Henry Kissinger is reverse course on Ukraine, says now he believes Ukraine joining NATO could be an appropriate outcome. In San Francisco, I'm Ed Baxter. This is Bloomberg to Sydney Paul. All right, thanks very much. Well, the bank of Japan delivers a much away policy decision today, joining us live from outside the bank of Japan is Kathleen Hayes, Bloomberg news at global economics and policy editor. Kathleen knew have been following and covering many central banks, including the BOJ for a very long time. Can you recall a meeting? There was this interesting. Well, no, certainly not from the bank of Japan. I mean, I always find the interesting and we all do. But I would say it's beyond interesting. It's kind of exciting, isn't it? Because in December, the shock move to white and the yield curve control ban that keeps their benchmark ten year government bond between it was 0.25 on either side of zero. Moved it to 0.5 on either side. Is there a wool markets exposure? Because not only did they make the were they surprised, but does this mean the bank of Japan has embarked on a policy move of exiting extraordinary stimulus, the policy basically of the last ten years. That reverted markets on that day, it could be right again, even if they move because then bond markets are doors open to even higher yields in Japan. That could feed over to the rest of the world. If they don't move, well, then there's the uncertainty of, and particularly with the yen, the Jensen strengthening, they're all kind of long positions people probably a lot of them square it up ahead of this because whatever the BOJ does, it's a big deal. From the BOJ's standpoint, do you think that they see what they did in December as having been successful? That's a good question. I think there's a debate how successful it was. They shot the markets. They did it according to Martin schulz and Ed Rogers who I spoke to earlier today here in Tokyo. That quiet time, December, let's do this and not rock the markets too much. Well, they did want the markets. And furthermore, they've been more blind investors on traders have been pushing against the top of the band. They push the ten year JGB above .5. And then so the BOJ has been had to go into ever higher records of bond purchases. So was that successful? Will this mean that or will they say, well, will they say we've done too much? We don't need to do any more than new governor case over in April way for that. I think it's an open question. Yeah, you mentioned that traders have been tasting the BOJ that's something one of our earlier guests said Rogers said Rogers investment advisers suggested as well as the BOJ at risk care of losing control of the narrative. Well, I have they already. I think that's I think nobody really knows at this point. If the narrative is, we are opening the door and we're keeping things trying to steady the boat until the next governor takes over and takes and then has to take the big more definite steps from removing stimulus and YCC and even getting rid of YCC yoke of control. Then that is a narrative that they'll have to reinforce today, Paul. I think that's maybe one of the challenges communication right now for governor Corona when they put out their policy statement also when he has his big press conference after the meeting for porters are going to pound him with all of these questions. Yes, I think what's interesting is bank of Japan overall is kind of seen as conservative yet. Corona son he does like to surprise the markets in 20 seconds. What's the interesting aspect to that? Oh, are you rooting for a surprise? Another step towards something that could maybe that would get high enough for people not to keep pushing on the BOJ. And at the same time, even though governor kroda on December 20th, the last meeting where they had the shock or made the shock. He said, this was a tweak, it's not a raid hike. We're not moving things yet. But it would be clear that they are on this path. It's something that has been probably even condoned by the new prime minister's government. A lot of behind scenes talks are what people think have been going on. So it would be a very powerful signal and a very interesting one at that. Absolutely. Kathleen, thank you very much for joining us. This
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"It's 7 30 a.m. in Hong Kong. I'm Kathleen Hayes here at Bloomberg world headquarters in New York City. And I'm Doug prisoner. We are coming to you from the Bloomberg interactive broker studio. It is kind of a down day. I'm afraid for risk assets in the states, it was a put it in past tense because obviously the session has finished. We are trading U.S. sovereign debt right now in the Tokyo session, yields hanging in after quite a bit of a spike, I would say, in the U.S. session, we had a services PMI that beat forecast and that sent yields up across the curve by well in the case of the two year 12 basis points. That's a pretty sizable move, and in turn, equities were weak. I'll go into that more deeply momentarily. Right now, Kat and I want to get you caught up on a few of the showers top business stories. Well, I think in getting back into stocks, maybe think again, market as Stanley's strategist, Michael Wilson, is returning to the bear camp. The strategist who is one of the U.S. stock market's most vocal skeptics has seen enough of the recent rally that he'd actually predicted and he now says investors are better off at least for now booking profits. This differs from Wilson's view last week, he had said the tactical recovery could continue into December before coming under pressure from weaker corporate earnings next year, with both economic growth and inflation cooling next year, Wilson recommends retaining a defensive positioning in healthcare, utilities, and consumer staple stocks. Yeah, he was focused on the 200 day moving average to and I think we closed below that level today. Some people were a little enthusiastic last week when we kind of broke above that 200 day and stayed there. So it's a lot about the interest rate environment, I think it's fair to stay, and it's not just the U.S. and the fed. We've got a rate decision today from the reserve bank of Australia. We have that from Bloomberg's annabelle drew's. There was a bank of Australia is likely to hike rates by 25 basis points in today's meeting. October inflation was weaker than expected and economic data has softened. But Bloomberg economics says that's unlikely to get in the way of the potential rate hike. Looking beyond we're told that the RBA's next move will be a smaller 15 basis point increase in February. That'll take the cash rate to a peak of 3.25%, but there's another chance that another hike may not be necessary even inflation risks continue to ease. We get the RBA decision later at 1130 a.m., Hong Kong time. I'm annabelle drawers, Bloomberg daybreak, Asia. Moving on to another big Central Bank, the ECB, European Central Bank will probably lift borrowing costs by a half point this month, and that's according to governing council member Gabriel makov. This comes after inflation moderated for the first time in one and a half years. Now he didn't rule out a bigger increment, depending on what fresh quarterly economic projections show this month, and he told us the Eurozone will likely endure a technical recession in the near term. I suspect that Q four this year, the one that were in now, we'll see a very slightly negative GDP number. And we're likely to see that for Q one next year. On the other hand, my expectations were not going to see 2023 as a year of recession. The ECB's final gathering of the year is on December 14th, the same day as the fed is going to give its rate decision. Well, in Asia, we know the COVID story in China is one of the big stories and other big story today is around Taiwan and the country going to be receiving and increasing number of U.S. patriot missiles that tops global news
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"Officials say they want to see strong evidence inflation is on a sustainable downward path before declaring victory. San Francisco fed president Mary Daly, Cleveland's law at a messer and Chicago's Charles Evans, all hinted the fed still has a ways to go on reaching price stability. With consumer prices rising 9.1% in June, master says slower growth, maybe necessary to control inflation. We don't talk about the recession per se, it's are we growing below or above trend. And, you know, my forecast for this year is that we'll be growing below trend, but that's necessary in order to get price increases, inflation. Under control. Shanghai is posted no new COVID cases for a third straight day. It's the city's longest stretch of zero infections since a 5 day COVID free streak and a last month. However, residents are still required to take frequent tests as officials seek to stamp out any flare off. The local government will also conduct two rounds of mass testing in 5 of its 16 districts this week. Global news 24 hours a day on air and album very quick take power, but more than 2700 journalists and analysts and more than 120 countries and van Quinn, this is Bloomberg. Chris, thank you. Let's check in on some of the airlines that we are watching in the Asian session because China has warned airlines to avoid areas near Taiwan as it is conducting military exercises in response to U.S. House speaker Nancy Pelosi's visit to the island. We saw an official notice sent late on Tuesday, Hong Kong time, designating 6 areas of airspace as danger zones. This according to carriers who received the message and we are seeing a little bit of weakness coming through in some of these Korean airways like Eva and then China airlines is down by about 1.4%. You're also looking at some of the reaction to shipping stocks rich. Yeah, absolutely because I mean, the time when space does represent a huge amount of traffic which it goes through something nearly 90% of some of the biggest ships in the world as you go through it. And I don't learn the other day that the difference between a ship and a boat is jewels that ships carry boats and boats don't carry ships. There you go. And I apparently got some of those airlines mixed up too. I'm very sorry about that. That is actually a Taiwanese carrier that we were talking about. All right, coming up. Bloomberg has learned
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"That the banks recited with. That's, I think, is in the rearview mirror. I think that the economic cycle will be very strong for India over the next couple of years. So it is a market that we are overweight. And look, it's the rupees, as you mentioned, alluded to a function of dollar strength and dollar strength coming now also gives the kiwi dollar as well. It's fall in nature to the lowest level that we've seen since June of 2020. That's a fall of about 8 ten to 1% thus far. So with quantitative tightening, how does that change the game? And how does this massive money printing M1 increases for the U.S. economy play into this as all this stimulus and liquidity is reduced? Well, right now it seems like a one way street that the dollar is going to get stronger. And with quantitative tightening, I would say it's very difficult to quantify the impact of that because we don't precisely know what the impact of the quantitative easing was. It was supposed to go to Main Street clearly a lot of it got stuck in Wall Street. So if you take it away, naturally it should mean for financial markets. Less liquidity and less supply of dollars Intuit, therefore, stronger dollar, but I just say we look back and history to 1970 and we found that, on average, when the dollar went up in excess of 10% over a 12 month period, which it has done just in the past year, that the returns for the dollar over the next 12 months were actually mildly negative. And I feel especially with the ECB starting to get more hawkish. That's two thirds of the dollar index. The dollar will most likely be flat 12 months from now. Matthews head of Asia Pacific research at Julius bear. And speaking of dollar, a strength, we're seeing weakness in the Indonesian rupiah dropping to a two year low on the back of rising inflation. Now, don't miss our Bloomberg special. A conversation with Carrie lam premieres Friday, July 1st at 5 p.m. Hong Kong time that's 7 p.m. if you're in Sydney. Now plenty more
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"Schools and non-essential businesses have been shut mass testing by the government to underway this hour separately mass testing in Shanghai shows the COVID problem there dramatically easing In the U.S. the CDC okaying COVID vaccines for kids as young as 6 months old These are Pfizer and Moderna shots they could be available Tuesday Mike Pence could be subpoenaed by the January 6th committee according to democratic representative Adam Schiff The U.S. is rejecting China's latest claim about the Taiwan strait China says the strait is not international waters but sources tell us the Biden administration isn't buying the claim Hong Kong's financial chief Paul Chen staying on the job That says incoming leader John Lee opts for stability And Japan's cabinet approval rating falls 6 percentage points to 60% That's according to a nikkei poll Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries In the newsroom I'm Denise Pellegrini This is Bloomberg Bloomberg opinion informed perspectives and expert data driven commentary on breaking news It is 8 50 p.m. on Wall Street 8 50 a.m. here in Hong Kong time to check in with Bloomberg opinion We're joined by opinion columnist Matthew brooker who's writing about how four sets of new textbooks will say that Hong Kong was never a British colony So there are a lot of qualifications here Matthew which you go to great lengths to point out in your piece yet let's face it I mean this is an attempt to rewrite history Yes exactly Ryan I mean that's what it comes down to And of course this is something that communist governments have a record of doing going back a very long way all kind of smacks of the old sort of Soviet trick when somebody was out of favor They sort of ceased to exist and were airbrushed out of photographs and were kind of never there I mean anyone who's read 1984 it kind of reeks of all of that Although there are you know there are it's not an unreasonable position in some ways For China to argue that Hong Kong was never technically a colony and it does have some support in international law as well What's the broader concern here though about education and educating young people that this is the truth and whether or not that's going to even lessen the I guess outside view of Hong Kong Yeah I mean I think Hong Kong is a place where it's under canonical rule for a 150 years and it's got a very kind of western outlook and a western approach to education Where there is a sort of respect for objective reality And I think the fear here is that I think from my own point of view I think is fair enough Children to be told that this is the Chinese government's point of view that Hong Kong was never was never really a colony It was just it's a semantic distinction but Hong Kong was Under the control of the British but China always retained sovereignty of it I think it's fine for children to be told that but are they are they then able to critically examine that statement and critically examine history and be exposed to different points of view If they're just told this is the way history was Hong Kong was never a colony and you can't argue about it I think that's where the real concern comes in Well the headline says one thing but the textbooks may go into detail explaining some of the nuances But actually all throughout history you had unjust wars.
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"All straight ahead on Bloomberg daybreak Asia on Bloomberg 11 three O New York Bloomberg 99 one Washington D.C. Bloomberg one O 6 one Boston Bloomberg 9 60 San Francisco Syria's exam one 19 and around the world on Bloomberg radio dot com and via the Bloomberg Hi everybody Welcome to hour three of the program a very good morning to you if you're listening in the Asia Pacific Good day if you're tuning in elsewhere I'm Brian Curtis And I'm Juliet Saleh in Singapore and now the new trading week Brian what are we seeing as some of these markets start to open up Well Asian equities are higher at the moment we'll see if it holds risk appetite has improved Some investors Juliette are citing diplomatic efforts in Ukraine Others are citing that countries are just adjusting to the crisis And they're finding alternatives to buying from Russia And still others are looking at the expectations for looser monetary policy in China And we will get the loan prime rate coming up later this morning So we'll get a glimpse into China's thinking There was all this activity last week in terms of news flow on economics in China and support for markets and investors We'll see whether it carries through with actual action today Japanese markets are closed for a holiday It's the vernal equinox So there's no cash trading in treasuries in Asia due to that And the bond market has been flashing some morning signals The treasury yield curve is flattening portions of it are inverted And for some this is an indicator of a looming economic slowdown Here are some of the numbers We're just getting some trades here Now just looking ASX 200 is up about a half of 1% and just looking at some of the opening numbers in Seoul that cost me up about a tenth of 1% The futures are wildly higher in China and hang seng index contracts right now What's your 8 51.9% hang seng index futures up 3.2% S&P E minis are essentially flat Right now gold a little bit weaker 1923 a tryouts in WTI crude $106 89 cents a barrel Juliet We'll take any of that theme the world's biggest oil field contractors walking away from their future work in Russia this in response to president Putin's invasion of Ukraine we get more now from Bloomberg's Denise Pellegrini Baker Hughes is suspending new investments in the country Although it does plan to continue with existing work there and schlumberger the world's biggest oil field contractor Well it has announced something similar saying it's cutting new investment effective immediately while leaving existing work there intact and Halliburton the world's top provider of fracking services has already halted both current and future work in Russia Analysts say schlumberger has the highest exposure to Russia of the three followed by baker Hughes baker Hughes generates as much as 5% of total sales from the country Denise Pellegrini Bloomberg vacation All right the time now is three and a half minutes past the hour And we are as mentioned waiting on China's one year loan prime rate today it will be announced at 9 15 Hong Kong time It's likely to stay steady at 3.7% in March for a second straight month That's according to a majority of economists surveyed by Bloomberg The LPR is seen as the de facto benchmark lending rate in China Some analysts though did raise the possibility of a cut given the flurry of economic news last week the PBOC is under pressure to add stimulus due to the property downturn and also COVID outbreaks The Central Bank is expected to announce those rates again at 9 15 Hong Kong and Beijing time 9 15 p.m. Wall Street tar Well it is four minutes past the hour Let's.
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"White House can not verify and as a result new restrictions going in place Now on this list of the 33 companies wuxi biologics shares right now are trading off by about 26% and that is helping to lead the hang sang lower by about 7 tenths of 1% In or on the mainland Shanghai composite has been fluctuating between gains and losses I'm going to say the index is essentially flat right now In Tokyo market positive with an EK up about four tenths of 1% A lot of the steel stocks are higher today after the U.S. and Japan reached a truce This will allow more steel shipments to enter the U.S. tariff free Now if you look at what's happening and sold at Cosby rising about 8 tenths of 1% meantime in Sydney the ASX 200 higher by about 9 tenths of 1% The continued move up in U.S. interest rates right now in the Tokyo session a ten year treasury at one 93 bear in mind here in the U.S. on Thursday we're going to get a very critical data point That's the retail inflation data the consumer price index report undoubtedly will have a little bit of influence over the fed as it tightens monetary conditions Two year treasury now with a yield of 1.31% We'll take another look at market action for you in about 15 minutes Paul Well we are hearing Nvidia is abandoning its purchase of arm from SoftBank and this would have been the largest deal in the chip industry but it collapsed due to regulatory opposition Bloomberg's Peter elston tells us what this means for SoftBank now This is a bit of a setback for them They were planning on the cash and stock that they were going to get from the Nvidia deal to fund a few things that they had wanted to do They have said in the past though that if the deal doesn't go through their backup plan would be to take on public through an IPO So you can expect that they would turn around pretty quickly and take our public so they'd be able to raise some capital that way All right plan B then we are expecting SoftBank's earnings later on this afternoon and SoftBank currently pushing higher by about 7 tenths of 1% Paul you know it's interesting SoftBank is in line to get a breakup fee because this deal has come undone and that could be worth as much as one and a quarter $1 billion Well we are hearing from American officials that the U.S. is losing patience with China This is after China failed to meet its purchase commitments under that phase one trade agreement signed under the Trump administration under the deal you might remember China agreed to buy $200 billion worth of U.S. goods Bloomberg's Kathleen Hayes tells us they're not even close November trade data in fact are set to show that China's imports from the U.S. from 2017 through November of 2020 are less than 60% of what they pledged so that Biden team is now ready to push back a bit again on China So we are told the U.S. has indeed engaged with Beijing on the shortfalls but it hasn't really seen any signs that China is making good on those commitments By the way that U.S. wholesale trade data for the month of December will be released Tuesday that's tomorrow here in the states Paul All right it is now a foreigner's pastor one here in Sydney It is four minutes past ten in Hong Kong time for chick of global.
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"Hong Kong time for chick of global news And the Biden administration says it's a monitoring real-time data about whether amaran and China is posing a risk to global supply chains it baxters got details It yeah of course it's a real concern Paul for sure and it's with the increase in COVID cases continuing in all of China's major cities if the stage with a zero case strategy is a concern closing down production could really affect supply chain Bloomberg's Ivan man reports even with this monitoring the Biden administration is still setting up more deals in production The Biden administration at this point is taking no chances They're actually mining contacts in China right now to really get a better gauge of what is going on The ground and tracking the virus is spread on the mainland What they're seeing right now is this early detection system that was put in place at the start when the delta variant emerged last year Avan says still too early to know what the outcome will be U.S. has sanctioned three groups in China for engaging in missile technology proliferation China aerospace science and technology corporate first academy and fourth academy in Polytech technologies incorporated China is saying that it's warned away U.S. warship in the South China Sea says it entered the waters near the paracel islands the U.S. Navy is denying it had been warned off The U.S. says a ship was in the area but just part of the mission and the region to defend freedom of navigation The Biden administration is effort and clarification of the U.S. policy regarding a smaller size Russian incursion into the Ukraine This question was set up yesterday with president Joe Biden talking about in quotes a minor incursion Today the president any assembled Russian units.
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"Cost global trading and turnkey custody solutions no take a charges no conflicts of your interests at IBKR dot com slash RIA What we got off to a reasonable start today for equities Brian but coming off the boil our little right Yeah absolutely It's a little surprising because it had a few narratives in place as a result that markets were taking very well The higher inflation and that that perhaps meant that the rate hikes coming from the fed were pretty much priced in And one thing we also were gleaning from this the bond market is still pretty steady The yield on the ten years are 1.74% That seems to suggest that maybe the worst of the inflation scare is over although you have plenty of people on the other side of that argument So we're not going to solve anything in a day but right now we have come off the best levels of the day The nikkei you can kind of understand is trading down about 1% We unusual that we have such a big drop in the dollar After the inflation numbers came out the Bloomberg dollar spot index was down 6 tenths of 1% So one of the things that meant was a stronger year and that plays into some of the selling in the equity market in Japan But around the rest of the region a weaker dollar is really considered good for most of the markets The action index is still clinging to some gains up about three tenths of a percent Tech index though is off more than 1% now The CSI 300 is trading down about three tenths of 1% and in Taiwan the tax is flat We put it all together and look at the MSCI Asia Pacific index We are now down one tenth of 1% MSCI China is down at the moment the same about a tenth of 1% Let's take a look at oil It's trading a little bit lower now at 82 57 a barrel gold at 1825 a Troy ounce And again the yield on the ten year really doing nothing 1.74% Paul over to you Yeah thanks Brian Let's look a little more closely at those U.S. consumer prices soaring last year by the most nearly four decades the CPI up 7% and that is the largest 12 month gain since 1982 The jump was driven by almost everything high prices for housing used vehicles food and especially energy still Minneapolis fit president Neil kashkari said he's confident that inflation pressures are going to fall back If you look at financial market indicators of where to financial markets think inflation is going over the long term over the long term they're solving the camp and inflation is going back to historical levels of around 2% So that's overweight that That's one data point that we pay attention to But that at least gives us some confidence and we are expecting data on U.S. factory gate prices tomorrow Brian Yes and as we heard there inflation is very hot in the United States but the issue in China is really in an altogether different direction Bloomberg's Tom orlik tells us expectations of an interest rate cut in China are increasing We've got the evergreen property slump zero COVID strategy and the lockdowns heading consumption and we've got inflation coming off the boil And what that means is that even as the fed moves towards an accelerated tightening cycle the PBC in all probability is going to be adding stimulus cutting the reserve requirement ratio potentially cutting the loan prime rate to make it cheaper for corporates to borrow And the PBOC is expected to publish its medium term loan operation schedule next Monday that's the same day that China releases its annual GDP data Paul Well four minutes pass one now in Sydney four minutes past ten in Hong Kong time for check of global news And the U.S. says it's monitoring very carefully the China lockdowns and their effects on the supply chain It begs to scope details it Yeah exactly right ball President's chief economic adviser.
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"Exchanges or mixers don't follow the rules of the road and are used for criminal purposes to hold them accountable going forward In the meantime fed here Jay Powell there's also backing the call for regulating stable coins together the fed and the Treasury Department are urging Congress to let them police stable coin issues like banks We hearing that SoftBank's looking to sell the asset manager fortress the Japanese conglomerate bought fortress four years ago Bloomberg sherry Ann tells us what is prompting SoftBank to sell There have been some difficulties in meshing their operations and this is because cfius got in the way with the comedian foreign investments in the U.S. back in 2017 saying that okay they can have the transaction but they have to operate separately So they're big vision of having them expand their capabilities accelerating self and two transformation strategy all of those big ideas that they have for these two companies actually did not work out But all the deliberations though still at an early stage Bank of America is said to be preparing to set up a security sphere in China Bloomberg's Rosalind shin tells us more Sources say the bank plans to apply for approval to trade and underwrite stocks and bonds and hedge risk It aims to submit the application early next year China allowed banks to operate fully controlled ventures last year and Bank of America is a late comer Rivals like JPMorgan and Goldman Sachs have already gained approval Morgan Stanley said of his own China venture in 2011 and is now moving closer to taking full control In Hong Kong and Rosalind Chen Bloomberg daybreak Asia What we're seeing a little bit of weakness around the equities markets in the Asia Pacific at the moment the exception being the Cosby and South Korea for closer look Let's get over to Brian Curtis Brian We had inflation in South Korea up over 3% for the first time in almost a decade and that part of that is because of high commodity prices that we've seen and also a low base effect when looked at last year consume prices up 3.2% in October and that was just shy of the estimate for 3.3% increase A lot of interesting developments today the people's daily is urging China to build more EV charging facilities Tesla jumped 8.5% in the U.S. markets amid a lithium supply deal in China and the start of the cop 26 climate summit We have DuPont nearing a deal to buy Rogers corp That deal according to Dow Jones may be announced today and also a couple of other earlier stories as Zillow looking to sell about 7000 homes for $2.8 billion We've been telling you about that this morning and we have a big meeting of the reserve bank of Australia so that's upcoming We also have the fed meeting this week And we also are looking at perhaps a little more aggressive activity from the monetary authority of Singapore all lines coming through this morning and oil pairing some of the gains amid rising stockpiles at the U.S. storage hub so at the moment we have WTI crude trading at $84 and 9 cents a barrel earlier we had traded lower stabilizing here and Brennan's at 84 61 In terms of equity markets yeah we've got that big gain and the cost be We've got stocks down in Tokyo down three tenths of a percent ASX 200 off about four tenths of 1% And expecting solid gains in the hanxing index today the futures are up 1.5% Paul to you All right thanks very much Brian 1134 now here in Sydney 8 34 in Hong Kong time for check of global news.
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"30 here in Sydney I'm Paul Allen And I'm Doug Chris at the Bloomberg interactive broker studio in New York We've got trading underway in New Zealand now nz at X 50 higher by just a tenth of 1% We had inflation data earlier for New Zealand showing a rate of 4.9% The fastest pace in about ten years trading underway in Sydney ASX 200 is a three tenths of 1% We'll get soul and Tokyo online at the top of the hour and a closer look at markets in a moment right now a few of the sours top business stories Paul And Netflix estimates its mega hit squid game will create almost 900 million in value for the company This is according to numbers seen by Bloomberg Netflix usually shares data on viewership for the first two minutes of a show By that measure squid game had about a 132 million viewers during the show's first 23 days That smashes the Netflix record set by Bridgerton beyond that viewership data is closely protected but figures seen by Bloomberg show how many views stuck around to watch more and how many finished the series In the case of squid game Netflix estimates that 89% of those who started watched at least 75 minutes and 66% will have finished the series in the first 23 days Lawyers for Netflix say the company does not discuss these metrics outside the company and take significant steps to protect them from disclosure Well here in the U.S. tomorrow we are expecting Apple to debut a redesigned MacBook Pro we have a preview from Bloomberg susannah Palmer It's apple's first redesigned with MacBook Pro laptop in 5 years There are a few changes and more ports but the star of the show was probably a pair of new MacBook Pro chips This will mark the first time that apple is releasing a high end Mac with its own processor The MacBook Pro used to have Intel chips inside Susannah Palmer Bloomberg daybreak Asia Goldman Sachs says they no longer expect China to make a triple a cat this year and that's according to a report by their economists this came after the PBOC pledge to keep the overall liquidity condition relatively stable instead the report says the PBOC might rely on other monetary tools those would include market operations open market operations the medium term landing facility and the PBOC's green liquidity support toll for reducing carbon emissions It's 33 past the hour Let's get you caught up on the market action We're expecting a couple of key data points for China later in the session including third quarter GDP That is forecast to have slowed to a rate of around 5% year on year But compared to that to what we had in Q two which was a rate of 7.9% So a bit of a shift to a lower growth rate in China The offshore currency right now a little bit stronger against the dollar at 6 43 19 The dollar essentially flat we weakened here in the states on Friday even though long-term interest rates pushed higher We have a ten year treasury at one 57 now so that's where the action is going to begin in the Tokyo session at the top of the hour We do have a much weaker yen sliding in New York trading Friday by about a half of 1% right now One 1430 and Chicago Nike futures about a hundred points or so above where we were in the cash market Friday in Tokyo We were talking earlier about the first U.S. Bitcoin futures ETF debuting on Monday here in the states It was a late last Friday that the asset manager pro shares filed and updated prospectus for the Bitcoin strategy ETF the ticker will be ITO Now this will be backed by a cash a cash settled futures contract rather than by Bitcoin outright nonetheless we have Bitcoin rallying right now by more than 3% 61,347 Paul all right It is now ten 34 in Sydney 7 34 in Hong Kong time for check of global news.
Bloomberg Radio New York
"hong kong times" Discussed on Bloomberg Radio New York
"17th fell 29 cents on the dollar to just 38.2 cents That was his biggest ever daily drop So keeping a close eye on that seems to have caused a little bit more discomfort in markets Right now gold is trading at 1769 20 and the Bloomberg dollar spot index is now flat at 11 59 Paul Thanks Brian And we are underway here in Australia We had the clocks change over the weekend so the ASX Nat down about the third of 1% in the early going Facebook services are also coming back online after users around the world reported that they were unable to access its family of social media apps for hours This includes the main social network photo sharing app Instagram and the messaging service WhatsApp The outage appeared to be related to Facebook's DNS or domain name system records an era in DNS records can make it impossible to connect to a website and Facebook had to physically reset some of the company's servers in an effort to fix the problem Facebook shares were already down after company whistle blow up Francis Hogan appeared on the news program 60 minutes She accused the social media giant of putting a profit over safety of its users White House for a secretary of sake this is the quote sorry she said quote this is the latest in a stream of revelations that shows federal regulation as needed for social media platforms Reports were in recent weeks and I think obviously the whistleblower was came forward last night in the report but about efforts to attract young users and negative effects on teenagers mental health are certainly troubling They're hardly isolated incidents Meanwhile Facebook CEO Mark Zuckerberg's personal wealth fell by more than $6 billion in just a few hours This dropped them below Bill Gates to number 5 on the Bloomberg billionaire index Yeah Facebook down almost 5% in the session And WTI crude in New York went the other direction putting on some pretty big gains The highest levels since 2014 I mentioned 77 67 a barrel a moment ago that followed OPEC plus's decision to maintain a schedule of gradual monthly production increases Ministers ratifying the 400,000 barrels a day supply hike that was scheduled for November There had been speculation that they might opt for a larger supply increase However delegates said no such proposal was actually made Russian deputy prime minister Alexander Novak said that Monday's agreement will allow OPEC to continue to normalize the market situation And the group said that the next time they meet will be November 4th Well is not 5 minutes past ten on Tuesday morning here in Sydney 5 past 7 in Hong Kong time for chick of global news And Chinese warplanes have again made sorties and record numbers close to Taiwan and Baxter's got details Yeah you're right Paul This following U.S. State.
PR & Law
"hong kong times" Discussed on PR & Law
"Dot club un. What's happening cam canada. We won the world hockey championships. All in this. Yeah i think our listeners might not even be aware much about the hockey championships but we were you know canada. Obviously he's been pretty good at this whole ice hockey thing but we we got off to a bad start over there but also like we we. We lost a some pretty lowly teams at the beginning. Y- lost the first. Three games snuck into the playoffs and won the gold in overtime. I didn't watch it. But you know i sort of feel. It's just one of those things right by default whenever candidate is anything impressive in hockey. You have to. You have to feel that sort of patriotic sense of us. That's supposed to be thing that we're good at right. Yeah yeah you know i. Do you know what i'm following this year. You and i am totally digressing here off our main subject but the toronto blue jays. They actually have a very good team or a decent team this year. And i've actually been watching them from time to time and what's interesting guess. People who don't follow sports. I mean the pandemic has had a big impact obviously on sports. Although you know people are coming back into the arenas in the stadiums but those teams in canada up until a few hours ago. We're not able to cross the border so you know. A lot of the canadian based teams have been playing out of the united states. This is happening in soccer and baseball. But i saw an alert. You win yesterday or last night. Hong kong time that said the borders actually going to open up for for sports teams in canada. Well for. I don't know for all sports teams. I know that for the nhl playoffs that the government issued a special exemption for hockey players to travel to the states. Layoffs yeah there you go some progress anyway you went..
Monocle 24: The Globalist
Hong Kong marks handover anniversary under shadow of security law
"Could Beijing finally getting it away and silencing Hong Kong's democracy protests once and for all the Chinese President Xi Jinping has signed off strict security laws, which critics say will place the likes of the right of free speech and an independent judiciary at risk. The law has already had an effect one of the leading voices in the pro democracy. Movement Joshua Wong said he's left. One protest group what I'm joined by Monocle Asia editor and Hong Kong Bureau Chief James Chambers by Isabel Hilton. The editor of China Dialogue Welcome both backed Monaco for twenty four at James, let's begin with you. You are in Hong. Kong whether has been A marking of the twenty three years since British rule ended. What's the atmosphere like today? Yes, what was meant to be called establishment day a day of celebration for Hong Kong returned back to mainland, but for a lot of people here it's a solemn day to protest against. Beijing and usually there's a big march that takes place around three PM Hong Kong time in about an hour and leave from Victoria in Causeway Bay and on March to the government headquarters that hasn't been given permission to go ahead to see the police because of the COVID, nineteen restrictions but there are people starting to gather in Causeway Bay. and the police have already made their first arrest under this new national security bill. On the question, we're all asking waiting to see how this bill would be enforced. And I guess the the worrying onset is. Enforced very harshly. The first arrest was a guy who's who had a flag that just said Hong Kong independence on it. So there's no doubt that the police are going to use their full powers under under this bill to dampen down any goals. For Hong Kong independence, and it's going to have a massive impact on the ability of of activists and pro democracy protests in Hong Kong. To to to operate as they have done. For the last twenty three years. Where unlikely to see a big march this year like we did in years before because the police on hand, the right police are on the ground and are very quick to to arrest people. Isabel. It's not long since we were all given the details of what's in this bill. Could you just summarize it for us? Please well indeed. I think almost nobody outside the National People's. Congress was given the details until after the bill was rushed through a rigorous fifteen minute session. it criminalizes any act of secessions, version, terrorism, or collusion with foreign are external forces. The problem with all of those is who decides Schwarzenegger as secessions, version, terrorism, glues, and and exchange, said the question of how the law will be enacted. Is ABS will be? We'll be applied is absolutely critical including which judges. How will the? How will the legal authorities in Hong Kong React Carrie, Lam has the opportunity to appoint judges that she chooses. And the bill, also the acts now also contains a rather sinister provision. Which says that in got his described as complicated cases at Beijing can simply takeover the prosecution of the law now again. All of this is is. Subject to subjective judgment from Beijing, Beijing designs what collusion with Foreign or external forces Beijing decides. What subversion is and Beijing, can prosecute cases? There is no guarantee that they will be held in. Public is provision for them not to be and. Given the state of of the rule of law in China. I think this is really really serious concern. It's also we should remember the. Legal State in Hong. Kong has been robust and widely respected and indeed lawyers have frequently taken to the streets to defend their. That profession and the application of the law in Hong Kong in very large demonstrations when they felt that Beijing. was encroaching on it, and so the capacity to appoint different judges to these cases is signed that I didn't think Beijing trusts Hong Kong's lawyers who are after school didn't principles of rule of law and equality before the law and all those good things. To do it's will.
Kinda Funny Games Daily
Blizzard's Embarrassing Blitzchung Response - Kinda Funny Games Daily 10.14.19
"Going to be a kingdom hearts takeover i noticed i noticed the kingdom heart i i thought it was a soccer jersey knows kingdom hearts huge dork yes i am shouts mckee blade you mentioned you were very happy and you talked about how much hang out for twenty four hours not anymore headstone we broke we broke that in three years sucks man join us now absurd what's john everything else yeah well yesterday or i should say that last week of course all we did was talk about here on kind of funny games deal you giving you daily updates and what was happening however notably absent from the conversation of the message part of thinking globally leaving responsibly and every voice matters is can is it that we have players and fans and almost every country in the world our goal is to help players connect in areas of commonality like their passion for our games in create a sense of shared community this specific views expressed by blitz chung were not a factor in the decision we made i want to be clear our relationships in china had no influence on our decision we have these rules to keep the focus on the game and on the tournament to the benefit of the global audience and that was the only consideration in the actions we took this has been the opposing viewpoint delivering the same divisive and deliberate way we would have felt enacted the same okay what could blizzard have done better and where do we go from here over the past few days many players casters east sports fans and employees have expressed concern about how we determine the penalties we've had a chance to pause to listen community and reflect on what we could have done better in hindsight our process wasn't adequate and we were acted too quickly we want to ensure that we maintain a safe and inclusive environment for all our players and our rules are an processes are clear all of this is in service of another important blizzard value play nice play fair in the tournament itself blitz shung played fair we now believe he should receive his pricing we understand for some that this is not about the prize in perhaps for others it is disrespect we'll even discuss it that is not our intention but playing fair also includes appropriate pre and post mashed conduct especially when a player accepts recognition for winning on a bra in abroad the y. when we think about the suspension six months with cheung is more appropriate after what time he can compete in the heart stone pro circuit again if he if he so chooses there is a consequence for taking the conversation away from the purpose of the event in disrupting ordeal railing the broadcast with regards to the casters remember their purposes to keep the it focused on the tournament that didn't happen here we are setting their suspension to six months as well moving forward we will continue to apply tournament rules to ensure our official broadcasts remained focused on the game and are not platform for divisive social or political views one of our goals is to make sure that every player everywhere in the world are this a political views religious beliefs race gender or any other consideration always feel safe and welcome both competing in and playing our games at blizzard we are always listening in finding ways to improve is part of our culture they even your patients with us as we continue to learn cameron i just talked long time what was your initial reaction is this happen so when i read this originally on friday i actually like just laughed i laughed because i think that i it was just so silly to me and the response in certain certain aspects that like first and foremost that blizzard is an american company and if you're if you're an american company i think that your values should implements american american values ideals america ideals like free speech things like that and it makes me think like what if this was up boycott or something that happened at an event that wasn't in china you know what i mean yeah so when they said that that was not being a relationship china's no influence like you know we we can't with that to be true or false but like who's gonna actually believe that you know what i mean like there's such such a big market there that it's just really hard to to believe something in that in that regard and that the if it was the opposite way around where it was like a pro government boycott that they would still have t took an action like it i don't it's not a direct comparison but like the lead actress for the milan remake yes she was she supported the government in the in this whole situation like earlier this year disney didn't say anything like and you know and i feel like if that were the case it would have been the case with blizzard you know what i mean yeah so it's an and the main thing that really was confusing to me is the whole living with the commentators still being right because what did you expect them to do in that situation commentators thing is still something i'm i don't understand where the absurd suspension is coming from because we talked about all last week right they kick it over to blitz showing the see what's happening they put their heads down yeah i've seen once in your own in unsighted you're wrong that said the before they kick it over to bliss showing they say okay say that whatever the six words or four words you're going to say i've seen reported nowhere else i'm not saying it's not true but if that's the case then i guess it's shows that they premeditatively understood what was about to happen but i've seen that cited nowhere mentioned in articles insight for me and give me an article give more context and clarity two what exactly's going that'd be definitely be interesting but like if even if it wasn't even if they didn't know exactly protest against the chinese government that was like what did you expect them to do in that situation because like that doesn't happen like you know so professional commentators that were like hired by blizzard or whatever may be but like that was if that was me i probably would have had a alert reaction and after they that happens they kind of speak to them to each other and i mean i don't know what they say but then didn't they awkwardly clap they're like okay you know let's move on i guess so it was really weird to me that i that are being punished for something that like they as a as of right now that we think that they didn't expect so i don't know that's that's really weird to me still yeah overall and i'd like to think that on the show and i'm kind of funny content in general right tried to be as middle of the road who even keells i can't be right as we take it any way and stuff like having read this at five thirty on friday when it dropped and then having a weekend it here and process it and read it once more on this thing this statement is bullshit yeah the blizzard should be fucking embarrassed themselves like i can't believe again this is what hanging their hat on they had one entire week to come up with something and this is what they come up with this contradictory statements that reads almost bipolar as you go to our multiple personalities who are we talking they start here with it you know what i mean like our vision is to bring together we've core values that apply here think globally leader responsibly in importantly every voice matters inconvenient encouraging everybody to share their point of view yeah okay cool and then know at the end were penalizing for during his point of view because yeah just because it's an inconvenience to them and we're not a platform for divisive social or political views and i think it might have been jeff grab i retweeted but somebody on twitter put out yet no it was from jian crap sorry i want maybe john john ryan maybe somebody else iran but an agent who was the yes the divisive social political view of freedom is good yeah what the fuck are you trying to say here like and it's just so they just as gary gary was here he'd be talking about how his word salad yeah i wanna know like the number of lawyers and like PR people that blizzard have read through this and thought yeah this is what we've talked about last week as there's obviously it's coming down from on high of what you need to do here so it's definitely being all right cool we have to say something it's not going to be well received how do we go through this with eddie make it work in a sense i would have like in a sense i would have been atarot with them just being like hey we hear your criticisms things like that were sticking with what we said because that's where we are in a in a sense by like this like this is embarrassing like i don't i don't know what we can it's just a i am curious like since breath blizzard currently they recently got a new president with alan black and you know them being owned by activision now like from what i've seen in like from players like friends i have that are like wow players and things like that they feel like that blizzards quality in in general as a company has declined throughout the years since act divisions purchase slim merge so i don't know because correct me if i'm wrong appreciate the blizzard previous president he like step down because i didn't really like what activism wanted to do and i feel like that now that they got this guy in charge they can more endel the reins yeah as to what they do as a company so that's a little worrisome to i'm not sure though so to go back to the commentator stuff an anthropologist links me too post right but again this is the this is the comet that's up here right is someone going i completely understand that emotions running high there's translation on this one right this is just a person out here who's name is ESL sucks they've been voted a lot here but the quick translation says here's casters okay so you just say the words will stop here enough chitchatting for now don't forget to put your head down giggles and then blitz chung restore hong then that's even a different thing than what it is depending away but the one here is restore hong kong time for a revolution nassar's okay okay that's enough which isn't the translation give rails and as matt the wa points out in your own accord a PC gamer this is what the virtual was what the virtual the castor had to say about it quote the director only told me i have i have an interview the twenty six year old taiwanese catcher said he didn't about how he didn't talk about how he's wearing a mask so in the interview started i wasn't sure what the situation was i thought chung would only say what he just what we wanted to say which again is what we've been reading still have a comment now granted there's a translation issue here which you can even harder to figure out exactly what happened i haven't seen why they're being penalized for it but yeah it's it's really it's a really complicated situation and we're still in the middle of it we aren't getting out of story won for quite some time blitz chung then put out a response on twitter it is also lengthy i will read it in full thank you for your attention in the past one week this is a personal statement and my view on blizzard's latest decision first of all i'm grateful for blizzard considering the position about my band earlier this week i told media that i'm i'm sorry i told media that i knew i might have penalty or consequence for my act because i understand that act could take the conversation away from the purpose of the event in the future i will be more careful on that and express my opinions or show my support to hong kong on my personal platforms many people have been asking and i'm just going to read this incident has been asking me if i accept the latest decision of blizzard i will discuss that onto parts tournament pricing suspension for tournament pricing i quoted blizzard set on the official website they mentioned that i played fair in the tournament and they believe i should receive my pricing this is the part i really appreciate blizzard also said they understand for some this is not about the prize but perhaps her others disrespectful to even discuss it people from blizzard had explained this to me and this to me through his phone call and i really appreciate that and i accept their decision on his part for first second part about my suspension blizzard had changed on me from a year to six months once again i appreciate for their reconsideration on this to be honest i think six months is still quite a lot of still quite a lot to me but i also i'm being told that i can continue to compete in the hurston pro circuit which they mean the grandmaster tournament i appreciate for this decision they made because grandmasters currently the highest level tournament competitive heart stone however i wish blizzard can reconsider about their penalty on the two castres involved lastly many people wants to know if i would be competing in stone in the future honestly i have no idea on that yet since my next tournament is very likely to be the grandmaster tournament of next season it's it's probably at least a few months from now on i will take this time to relax myself to decide if i am staying in competitive are thrown or not heart-stopping changed the way i live i really love this community blessing to all the players out there and blessing to blizzard as usual bliss showing on this one i feel taking the high road and all this for sure i i appreciate of course understanding as he disagrees but still paying for are not pay paying tribute to blizzard i understand like this is the biggest thing about it yeah i mean there's not much is that he can do outside of that as of right now i i you know i feel like that there's not much more that's going to happen on unfortunately