18 Burst results for "Paul Chan"

"paul chan" Discussed on WTOP

WTOP

04:48 min | Last month

"paul chan" Discussed on WTOP

"In with one of the areas that will transition in Silver Spring. People who drive that find it an inconvenience because if they come this way, they have to go down a block. There have been complaints about the Newell street area Montgomery county, which came about at the height of the pandemic to support struggling businesses looking for space. But now the Department of Transportation says Newell street will reopen for drivers after Labor Day. It's part of a reevaluation process happening in the county at the street Ryan wood mod avenue Bethesda construction is beginning after Labor Day on the cycle track, which means it will be temporarily suspended. Also on price avenue and Wheaton, the streeter re may be temporarily closed for a few days for WSE repairs in the fall. And ELISA Gale, WTO being news. The Smithsonian institutions hirschhorn museum and sculpture garden in downtown D.C. has added to its artwork collection with works from over 60 artists from around the world. Among the artists are featured in the hirschhorn's permanent collection are Jeffrey Gibson, a Mississippi band of choctaw Indians, citizens whose art combines Native American culture with pop culture. Ghanaian painter whose paint paintings challenged conventional notions of blackness and gender. Paul Chan and American born in Hong Kong, whose works encompass sculpture, animation, and performance, the museum and sculpture garden are open every day from 10 a.m. to 5 p.m.. This is just, this is just proof that there's a list of everything. Even for the best museum bathrooms, some of those are around here. Well, if you have to go the bathrooms in a museum can be just as important as the art. The American alliance of museums polled readers of its alliance blog about their favorite museum bathroom. The Baltimore Museum of Art gets a mention, it notes that in exchange for donating his private art collection, filmmaker John Waters made the unusual request last year that the museum's bathrooms be named in his honor. Those restrooms are designed to be gender neutral. D.C.'s planet word museum's bathroom got an honorable mention for the euphemisms and word plays featured throughout such as seeing a man about a horse. Sandy cosell, WTO news, the horror film, the invitation is the biggest draw at the box office on a weekend when not many people went to the movies. My mom always wanted to take me to England to learn about our family history. It is a wedding coming up actually. You should come. It took just $7 million for the invitation to claim the title of weekend champion of the box office, according to studio estimates. Movie theaters usually see a drop toward the end of summer, North American theaters overall sold about $53 million in tickets this weekend by comparison 8 weeks ago, minions the rise of gru alone had a $108 million in sales. This week's number two movie is bullet train followed by beast and Top Gun: Maverick, Dragon Ball super superhero is 5th. I'm Archie's are aleta. And don't forget on September 3rd, national cinema day movie tickets will be just $3 in the vast majority of American theaters major chains like AMC and regal cinema or are participating and as well as major film studios. Money news at 25 and 55. A break worth thousands for student loan borrowers. I'm Mark Hamrick with a bank rate dot com personal finance management. After years of speculation about possible student loan debt relief, the Biden administration has finally made its announcement known. After previewing such a move back before he was sworn in, the news came down, the president canceling $10,000 in student loan debt for individuals, making less than $125,000 a year. The ceiling 250,000 for married couples and heads of households. On top of that, up to $10,000 additionally is canceled for those who'd gotten pell grants given to lower income students. All told this provides economic relief for tens of millions of Americans, about 43 million Americans have student loan debt, the total amount of debt put at $1.6 trillion. The federal student loan payment pause will be extended through December 31st as well. I'm Mark Hamrick. Coming up after traffic and weather NASA plans for an unmanned moon rocket launch later this morning. And a shooting at a shopping center leaves some several people dead. The shooter was also found dead. And Houston police say a man lured people out of an apartment building by setting it on fire, then opening fire as they came out. 1256,

Ryan wood mod avenue Bethesda ELISA Gale Smithsonian institutions hirsc hirschhorn Jeffrey Gibson Paul Chan WTO American alliance of museums D.C. Sandy cosell Montgomery county Department of Transportation Wheaton Baltimore Museum of Art Mark Hamrick John Waters
"paul chan" Discussed on WTOP

WTOP

03:15 min | Last month

"paul chan" Discussed on WTOP

"On price avenue and Wheaton, the streeter re may be temporarily closed for a few days for WSE repairs in the fall. And ELISA Gale, WTO being news. The Smithsonian Institution's hirshhorn museum and sculpture garden in downtown D.C. has added to its artwork collection with works from over 60 artists from around the world. Among them, now featured in the hirschhorn permanent collection are Jeffrey Gibson, a Mississippi band of choctaw, Indian citizen, whose art combines Native American culture with pop culture. Ammo is a Ghanaian painter whose paintings challenged conventional notions of blackness and gender and Paul Chan is an American born in Hong Kong, his works encompass sculpture, animation, and performance. The museum and sculpture garden are open every day from 10 a.m. to 5 30 p.m.. This just proves there's a list for everything, even for the best museum bathrooms, and some of them are around here. Well, if you have to go the bathrooms in a museum can be just as important as the art. The American alliance of museums polled readers of its alliance blog about their favorite museum bathroom. The Baltimore Museum of Art gets a mention, it notes that in exchange for donating his private art collection filmmaker John Waters made the unusual request last year that the museum's bathrooms be named in his honor. Those restrooms are designed to be gender neutral. D.C.'s planet word museum's bathroom got an honorable mention for the euphemisms and word plays featured throughout such as seeing a man about a horse. Sandy cosell, WTO P news. Money news at 25 and 55. Double trouble for the economy, I'm Mark capric with a bank rate dot com personal finance minute. A pandemic inflation. What's next? Turns out a solid majority, 69% of Americans are worried about the possibility of recession occurring by the end of next year. Just 31% say they are not worried. Concern is high generally but highest among younger individuals. Also, on recession concerns, 75% of Republicans are worried versus 65% of Democrats 74% of women versus 65% of men. The survey also finds that about three in four, 74% of Americans are actively taking steps of their personal finances in anticipation of or preparation for a recession. Among the steps they're taking, 47% spending less on discretionary purchases, 35% saving more for emergencies with lowest earning individuals being least likely to take this important step. I'm Mark Hamrick. Coming up on WTO, Republicans assess the impact of the Justice Department's potential case against former president Trump in the midterms. Public school teachers in Columbus, Ohio, are set to return to the classroom after ratifying a new contract. And Taylor Swift is among the early winners at MTV's Video Music Awards in New Jersey. Those stories after we check traffic and weather, 8 57. Realtors abide by a code of ethics. This is article 9 in action. Beth, a first time homebuyer knew nothing about the home buying process. Except that she wanted to buy a home, but her real tour had the expertise to make sure Beth understood every document. Even giving her copies to review with her lawyer, so Beth could close on her

ELISA Gale hirshhorn museum and sculpture hirschhorn Jeffrey Gibson Paul Chan WTO American alliance of museums D.C. Smithsonian Institution Sandy cosell Wheaton Mark capric Baltimore Museum of Art John Waters Mississippi
"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:58 min | 3 months ago

"paul chan" Discussed on Bloomberg Radio New York

"And the January 6th committee could be getting closer to former president Trump and COVID cases in Macau for more let's get to the newsroom and blind books to these Pellegrini Denise Yeah Paul there are COVID shutdowns now in Macau after nearly two dozen cases the first apparently detected cases in Macau and just about 8 months schools and non-essential businesses have been shut mess testing is underway The CDC meantime okay in COVID shots for kids as young as 6 months in the U.S. these are Pfizer and Moderna vaccines They could be available by Tuesday some parents those struggling to decide if their kids should get the vaccine Xena goods too small children were 8 months and three years they actually signed up for a vaccine trial They say the kids have no bad effects and Xena goods says parents should get their kids vaccinated Any potential side effects that could result from a vaccine they are so there is so much less than getting disease And those COVID shots for young kids could be available Tuesday Biden adviser Jake Sullivan is tested positive for COVID by the way He was in contact with President Biden earlier in the week The U.S. is rejecting China's latest claim about the Taiwan strait and Bloomberg Stephen engel says China is increasingly claiming something the U.S. doesn't like As sources are telling us now almost at every level and at every occasion Beijing is protesting and essentially saying that the Taiwan strait is as they have long asserted part of its exclusive economic zone and are not international Waters Now that poses significant problems and significant problems as Stephen engel mentioned there for the Biden administration which is not buying that claim they're trying to figure out what happens next Mike Pence could be subpoenaed by the January 6th committee representative Adam Schiff telling CNN it's a possibility meantime congressman Adam kinzinger says it's Donald Trump's lies that cause the insurrection Kinzinger careful to say that January 6th committee does not have legal authority but he does say there is ample evidence that former president Trump knew his actions were outside the law We're not a criminal charges committee so I want to be careful in specifically using that language but I think what we're presenting before the American people certainly would rise to a level of criminal involvement by a president and definitely failure of the oath The oath has to matter here And kind sucker speaking on ABC this week Russia says it hit military targets in Ukraine with sea launched cruise missiles Ukrainian leader Vladimir zelensky vowing to defend the country's south and Hong Kong's financial chief Paul Chan staying on the job That says incoming leader John Lee opts for stability Chan has been in the post since 2017 Global news 24 hours a day on air and on Bloomberg quick tech powered by more than 2700 journalists and analysts and more than a 120 countries In the newsroom today's Pellegrini this is Bloomberg duck All right Denise thank you as we move to global sports here on daybreak Asia.

Macau Stephen engel president Trump COVID Pellegrini Denise Yeah Paul Taiwan strait Jake Sullivan President Biden U.S. Moderna Biden administration Pfizer CDC Adam kinzinger China Biden Adam Schiff Mike Pence Beijing Donald Trump
"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:03 min | 5 months ago

"paul chan" Discussed on Bloomberg Radio New York

"In Hong Kong and here in Singapore I'm Juliette Sully And I'm Brian Curtis We have some limited trading in the Asia Pacific These numbers are mostly red right across the screens here And we'll get a closer look with Doug prisoner in a moment the dollar is significantly stronger too so that indicates as well kind of a risk off tone to things So details coming up but for now Juliet and I will take a look at the top stories And over the weekend Chinese Premier Li keqiang warned over complicated and grave employment situation Lee said stabilizing employment is key for supporting China's economy This comes as China tries to contain COVID outbreaks in its most important cities His Bloomberg's Ivan man When you have these two seemingly contradictory goals of achieving COVID zero and around 5 and a half percent growth target and you add that we saw even more intense measures in the two most important cities in China Beijing and Shanghai over the weekend So that's why you heard from the premiere in that statement saying instructing all governments departments and regions to start prioritizing measures to help businesses retain jobs and whether these current difficulties the national bureau of statistics said that China's survey jobless rate climbed to 5.8% in March And that is the highest since May 2020 it reflected the hit from Beijing's COVID zero policy Xiaomi is alleging government investigators in India threatened the company's officials We're told that the threats came as Indian authorities were investigating whether Xiaomi flouted laws for an exchange laws Xiaomi filed a petition with an Indian court claiming two company executives were threatened consequences including arrest damage to career prospects criminal liability and even physical violence if they did not give statements India's anti money laundering agency said Xiaomi's allegations are untrue and baseless Well Hong Kong will inevitably cut its economic growth forecast next week this according to its financial secretary Paul Chan He started pressures from the pandemic and the feds hiking of interest rates Chan said as the fed reduces its balance sheet global capital supply will be under pressure He said Hong Kong's small and medium sized businesses will be burdened with higher borrowing costs Hong Kong's economy contracted by 4% in the first quarter All right the time here is 32 and a half minutes past the hour Let's get to the markets with Doug kisner Does this feel more like the fundamentals or sentiment You know I was reading a note from a friend of the program Ben emmons over at medley global advisers and he was talking about leverage coming out of markets selling begets selling and when you have the levered positions at a time when interest rates are moving higher that creates even more potential danger So you were seeing weakness across the board right now in equity markets in the Asia Pacific particularly in Tokyo This comes in spite of the fact that we have got a much weaker yen flirting right now with one 31 against the greenback Right now in Asian trading were weaker against the dollar by about three tenths of 1% If you look at what's happening internally within the Japanese equity market it's consumer discretionary communication services and healthcare leading this decline Right now in Seoul the Cosby down about 6 tenths of 1% and in Sydney the ASX 200 weaker by about 9 tenths of 1% will be getting the trade data for China This is for the month of April we're expecting to see kind of weakness across the board given the impact of the lockdown situation that we have been talking about quite extensively And at the same time it looks like in terms of what's going on in Japan that we're not going to get any change in monetary policy We're expecting the BOJ's minutes from the last meeting in a short while from now We're also going to get the PMI services and composite data That's likely going to be a negative as well where Japan is concerned U.S. interest rates kind of trying to move higher now with a ten year treasury rising about basis point in yield We are 3.13% No change virtually in the two year here at 2.73% but we have that steeper curve a bare steep in her at that and it's helped to create a little bit of dollar strength with the Bloomberg dollar spot index now rising about three tenths of 1% Bear in mind we have a market holiday today in Hong Kong It was last Friday that hang sang tumbled by 3.8% so we're not going to have the ability for Hong Kong to react to anything that we're seeing now and I'm looking at the E mini futures contracts for the American market in each case the Dow the S&P 500 NASDAQ 100 E mini futures down by more than 1% so it could be some tough sledding in American markets when we could kick off the trading week in the morning We'll have another look at markets in 15 minutes Juliet Thanks Doug 35 minutes past the hour time for global news The globe's most industrialized countries have made a move on banning Russian oil imports that's get the details with Ed bachelor in San Francisco Ed Yeah right Julia the leaders of the G 7 making the broad policy statement to make the effort by January Bloomberg's Tony kuchka saying.

Xiaomi Hong Kong China Juliette Sully Brian Curtis Li keqiang Indian court Asia Pacific Beijing Paul Chan Doug kisner Ben emmons national bureau of statistics Juliet India Ivan Doug
"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:28 min | 2 years ago

"paul chan" Discussed on Bloomberg Radio New York

"One thing we're keeping a close watch on these events unfolding in Hong Kong. With all the challenges there are in how the area's chief executive is dealing with things for more or going to Hong Kong right now. Bloomberg Daybreak anchor Brian Curtis and his comic Doug Prisoner, John Hong Kong's leader, Carrie Lam, will deliver her annual policy address in the coming week. The address was originally scheduled for October 14th, but it was postponed and at that time, Lam said she'd go to Beijing to seek support for various proposals. Now that in itself was controversial as it's not normal practice in Hong Kong. And their significant controversy attached to this speech itself. With so many issues that need to be finessed here. Ongoing relationship with China, the Koven pandemic the weakened economy. Shortage of housing, which has been a problem for a long time and the disaffection of Hong Kong. You and Brian even in the broader sense, the general estrangement between the government and the people. We thought we'd take a closer look at these issues with Bloomberg Cross Asset Reporter Eric Lamb, who joins us from Hong Kong. Eric. Thanks so much for being with us. I'm going to start with the issue of cross border travel. I'm would imagine that for Carrie Lam the resumption of this type of travel between Hong Kong and the mainland is going to be a very, very important issue. Yeah, absolutely. It's been something that Carrie Lam and other governments. Officials, like the Financial Secretary Paul Chan, had really been trumpeting in their discourse with the public over the last couple of months is really the importance of the Chinese economy, especially the fact that it has been recovering the last little while and that also helps to pick up a little bit. We've seen a bit of a pick up in Hong Kong economic data as well. So the really emphasizing those closer ties and that's one of the things that she was definitely discussing with Beijing when she made her trip up Theo up to the mainland. What will it actually take Eric to improve relations with young people in Hong Kong? Because you know that getting them jobs? That's one thing is that more important or would it be saved? More tangible steps toward democracy here. That's a very interesting question, which, obviously, the zone haven't easy answer on the subject of jobs on. Interestingly, local media reporting that one of the initiatives that are that may be announced in the policy address next week is actually a youth employment program where Will be sending you the to the mainland to work jobs, short term in in the in the Greater Bay Area, and the Hong Kong government will subsidize those salaries, which again is kind of creating jobs encouraging. That cross border interconnected travel that they've been really pushing with the greater Bay Area project over the last 10 years. So in that sense that looks like something tangible that they you know if this actually does get announced, is a tangible move in that direction. But, as you say, there is also some really fundamental. Disaffection, especially among the youth in Hong Kong, especially after the events of the past year where many of these protests were led by younger people in Hong Kong or really hoping for democracy really disappointed. And the local government and the government in China as well and really did not end up getting really anything that they they were hoping for, with the really the end of the protests this year and the introduction of the National security law, so it's a difficult situation, not an easy answer. But it does look like the Chinese government in the Hong Kong government are trying to at least target that issue with these potential programs that they might be announcing next week. Yes, so there's the issue of youth employment. There's also the issue of affordable housing. Do we expect Carrie Lam to address this issue, even with the pandemic, Even with the protests, property prices have not really fallen off that much in Hong Kong. There's still quite expensive, so ongoing issue. I don't think it's really not going to the last will have heard of it in his policy address, But I think it's more than likely we'll get something you know. In the old days, Milton Friedman revert to Hong Kong is Having a lazy fare capitalist approach to running the economy, and that was very much the case really quite conservative in terms of spending, and I'm just wondering whether there might be some major spending initiatives or If the government feels kind of conservative, and his nervous about its own revenue, is taking a hit from covert and and doesn't do the big spending. What sort of sounds are you hearing on that? So in terms of spending, we might see some announcements here and there. I don't think we're gonna see any spending that been approached the rounds that we saw earlier this year, especially the fact that the most recent economic data Actually showed some slight improvements in the third quarter growth for Hong Kong, which certainly helps their arguments for maybe being a little more more strained and going back to you, as you say that more conservative line of spending Eric Thank you so much for joining us. Eric Clammed Bloomberg Cross Assets reporter. Brian Curtis in Hong Kong, along with Doug Prisoner in New York. You can catch us every week day for Bloomberg. Daybreak Asia beginning at 7 A.m. in Hong Kong and six PM on Wall ST John. Right. Thanks, Dog in Brian and just ahead on Bloomberg. Daybreak weekend, Let's head to Washington for the legal troubles that could potentially be waiting for President Trump. John.

Hong Kong John Hong Kong Carrie Lam Bloomberg Brian Curtis Beijing Eric China Doug Prisoner Eric Lamb Chinese government Bloomberg Cross Assets Bay Area chief executive reporter Asia Paul Chan Milton Friedman Eric Clammed
"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:39 min | 2 years ago

"paul chan" Discussed on Bloomberg Radio New York

"York. Bloomberg 11, Frio to Washington, D. C. Bloomberg 99 12 Boston Bloomberg, one of 61 disenfranchises Go Bloomberg 9 16 to the country, Sirius, XM Channel 1, 19 and around the Globe, The Bloomberg Radio Plaza and Bloomberg Radio. Com. This is Bloomberg Daybreak on John Tucker in New York with your Global look ahead of the top stories for investors in the coming week. One thing we're keeping a close watch on these events unfolding in Hong Kong. With all the challenges there are in how the area's chief executive is dealing with things for more or going to Hong Kong right now. Bloomberg Daybreak anchor Brian Curtis and his comic Doug Prisoner, John Hong Kong's leader, Carrie Lam, will deliver her annual policy address in the coming week. The address was originally scheduled for October 14th, but it was postponed and at that time, Lam said she'd go to Beijing to seek support for various proposals. Now that in itself was controversial as it's not normal practice in Hong Kong. And their significant controversy attached to the speech itself. With so many issues that need to be finessed here. Ongoing relationship with China, the covert pandemic the weakened economy. Shortage of housing, which has been a problem for a long time and the disaffection of Hong Kong. You and Brian even in a broader sense, the general estrangement between the government and the people. We thought we'd take a closer look at these issues with Bloomberg Cross Asset Reporter Eric Lamb, who joins us from Hong Kong. Eric. Thanks so much for being with us. I'm going to start with the issue of cross border travel. I'm would imagine that for Carrie Lam the resumption of this type of travel between Hong Kong and the mainland is going to be a very, very important issue. Yeah, absolutely. It's been something that Carrie Lam and other governments. Officials, like the Financial Secretary Paul Chan, had really been trumpeting in their discourse with the public over the last couple of months is really the importance of the Chinese economy, especially the fact that it has been recovering the last little while and that also helps to pick up a little bit. We've seen a bit of a pick up in Hong Kong economic data as well. So the really emphasizing those closer ties and that's one of the things that she was definitely discussing with Beijing when she made her trip up Tolo up to the mainland. What will it actually take Eric to improve relations with young people in Hong Kong? Because you know that getting them jobs? That's one thing is that more important or would it be saved? More tangible steps toward democracy here. That's a very interesting question, which, obviously, the zone haven't easy answer on the subject of jobs on. Interestingly, local media reporting that one of the initiatives that air that men may be announced in the policy address next week is actually a youth employment program where Will be sending you the to the mainland to work jobs, short term in in the in the Greater Bay Area, and the Hong Kong government will subsidize those salaries, which again is kind of creating jobs encouraging. That cross border interconnected travel that they've been really pushing with the greater Bay Area project over the last 10 years. So in that sense that looks like something tangible that they you know if this actually does get announced, is a tangible move in that direction. But, as you say, there is also some really fundamental. Disaffection, especially among the youth in Hong Kong, especially after the events of the past year where many of these protests were led by younger people in Hong Kong, really hoping for democracy, really disappointed? And the local government and the government in China as well and really did not end up getting really anything that they that they were hoping for, with the really the end of the protests this year and the introduction of the National security law, so it's a difficult situation, not an easy answer. But it does look like the Chinese government in the Hong Kong government are trying to at least target that issue with these potential programs that they might be announcing next week. Yes, so there's the issue of youth employment. There's also the issue of affordable housing. Do we expect Carrie Lam to address this issue, even with the pandemic, Even with the protests, property prices have not really fallen off that much in Hong Kong. There's still quite expensive, so ongoing issue. I don't think it's really not going to the last will have heard of it in his policy address, But I think it's more than likely we'll get something you know. In the old days, Milton Friedman revert to Hong Kong is Having a lazy fare capitalist approach to running the economy, and that was very much the case really quite conservative in terms of spending, and I'm just wondering whether there might be some major. Spending initiatives or if the government feels kind of conservative and his nervous about its own revenues, taking a hit from covert and and doesn't do the big spending. What sort of sounds are you hearing on that? So in terms of spending, we might see some announcements here and there. I don't think we're gonna see any spending that Approached the rounds that we saw earlier this year, especially the fact that the most recent economic data actually showed some slight improvements in the third quarter growth for Hong Kong, which certainly helps their arguments for maybe being a little more more restrained and going back to you, as you say that more conservative line of spending Eric Thank you so much for joining us. Eric Lamb Bloomberg Cross Assets reporter. I bring in Curtis in Hong Kong, along with Doug Prisoner in New York, you can catch us every week day for Bloomberg. Daybreak Asia, beginning at 7 A.m..

Hong Kong Bloomberg Carrie Lam Bloomberg Radio Plaza John Hong Kong Eric Lamb Bloomberg Radio Boston Bloomberg government Bloomberg Cross Assets Brian Curtis Beijing New York China Doug Prisoner reporter chief executive Bay Area Washington
"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:14 min | 2 years ago

"paul chan" Discussed on Bloomberg Radio New York

"Anthony Fauci and Dr Robert Redfield have made public appearance today five. She's saying he hopes the country has learned from a rush re opening and Redfield saying masks can help us gain control again. Florida's rushed to reopen, according to Miami Mayor Francis Suarez has not gone exactly as planned. Florida had posted a record number of deaths stay today, rolling seven day average. Also at a record, New York governor Andrew Cuomo was added four more states of the 14 day quarantine list. House Speaker Nancy Pelosi says Congress needs to move On the money stimulus package now before citizens and mass run out of money in San Francisco. I'm Ed Baxter. This is Bloomberg. Brian, Sir. All right, thanks very much. Yet. It's time for the daybreak Asia Paper and Tea leaves review where we take a look at some of the media here and I'm focused on Hong Kong today because it's so much the center of attention here and particularly this new Corona virus outbreak, the center for Health protection describing the outbreak is very worrying. That says more than half the 40 new cases were infected via unknown sources. The center's Dr Chong shook. Kwon said that 24 mystery infections come right from across the city. Right in the community, and he's very concerned that this could be a symptomatic. Also from the local media here occupy founder Benny Tai remember those occupy protests back in 2014 15. While he has dismissed as nonsense China's suggestion that he may have breached the new national security law by organizing the primaries that we solve the weekend for the opposition parties. Beijing. He called it absurd. But Beijing's Leah's office said earlier this week that the opposition's bid to win a majority in the legend election in September That actually amounts to subversion. We heard that from Carrie Lam and also from the Liaison office that just trying to win the elections in September. That amounts to subversion. And finally, financial Secretary Paul Chan dismissed claims that the National security law would drive away investors saying the money's pouring into Hong Kong and in fact the Hong Kong Government or the Hong Kong Monetary Authority in defending the peg has brought in more than 100 billion US As result That's the media Paul to you. Alright, thanks, Brian. Interesting times. Indeed, on 2020 and part of it is rising JIA political tension and here to help us discuss that. We have retired Navy Admiral James Stavridis. He is former Supreme allied commander of NATO and former dean of the Fletcher School of Your Law and Diplomacy at Tufts University. And now one of his many roles is too, writes an opinion column for Bloomberg. So, Admiral, Thanks so much for joining us today. We have the House Services Committee passing $740 billion in the annual defense authorization bill. In your opinion, is that money going to be put to work in the right places? I don't think so, Paul. Certainly some of it will go to the right places. But this is really about turning the dial's away from the big, expensive traditional military platform. So think Aircraft.

Dr Robert Redfield Hong Kong Benny Tai Bloomberg Paul Chan Florida Brian Kwon Beijing Anthony Fauci James Stavridis Andrew Cuomo House Speaker Nancy Pelosi Francis Suarez Hong Kong Monetary Authority Carrie Lam Hong Kong Government New York Miami Dr Chong
"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:41 min | 2 years ago

"paul chan" Discussed on Bloomberg Radio New York

"Can also random walk through hot topics in markets and finance listen to all the logs we keep that part cost by Joe weisenthal and Tracy Alloway expose everything from how the Seinfeld TV show can teach you about economics why the federal reserve even brothers he also called costing every Monday on the Bloomberg terminal home teams whatever the mass protests returning to the streets of Hong Kong a year after the first anti government demonstrations at least twenty five people were arrested with police firing pepper spray to disperse crowds chief executive Karen I'm saying she wants closer financial integration with China middle this concerns surrounding Hong Kong's future as a business hub meanwhile one of the largest shareholders in HSBC and standard chartered says it's uncomfortable with that decision to back China's security rules for Hong Kong this could have been those Eric Lana Eric this is all about the viva chief investment officer and what's his name what's his beef basically his concern is speaking to the wider issue of companies with significant business interests in Hong Kong and China and they've been grappling with this for each for more than a year now going well back to the beginning of protests is really trying to straddle that line between corporate independence and staying on the good side of the Chinese government and the concern here is that to be clear speaking of politically than anything to work with viva they're hoping that somebody would also speak out publicly there are any future cases of the next democratic freedoms connected to that impending national security law so it it really does because that tension that's been there for a while now but it's really come into focus at the end of xcelerated here for the last few weeks I recall that is making headlines reportedly going all out on his back to the Hong Kong dollar tag will collapse yeah it's interesting of course it's been a prominent bear on the Hong Kong dollar for awhile now so this new fund reportedly is looking at leverage of our two hundred times the one so it's one of those options bets that you know obviously will pay off handsomely if EPA collapses but it's not that wouldn't be the first time that investors have been burned by the the Hong Kong dollar over the last few decades of course that tech has been in place since nineteen eighty and those would start multiple crises a both in Asia and around the bend and globally so the rental sector yet Paul chan has been a vocal recently that's the whole government stands ready to defend the tag and if we do see sanctions from the US restricting the ability of Hong Kong to do so that he also expects the Chinese government to step in and still help to support the package while the tension the expensive coal Bloomberg's Eric long still come I think you can looks to redefine its relationship with Beijing we hear from the head of the British chamber of commerce in China that interview is just ahead this is this is challenging and exciting career one where you can be part of solving complex.

"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:32 min | 2 years ago

"paul chan" Discussed on Bloomberg Radio New York

"With that Bloomberg the world is listening Hong Kong's economy shrank by the most on record in the first three months of this year as the impact of the virus pandemic added to an economy already pummeled by political unrest our chief north Asia correspondent Stephen Engle has the details for us is Steve we have a county contract for two straight quarters last year and now this drop of almost nine percent and this was for some thought yeah this is the third straight quarter of contraction and at eight point nine percent contraction you every year this is the biggest drop on record and you know Hong Kong had a few crises over the last few decades of course in the late nineties yet the Asian financial crisis which coincided with the handover of Hong Kong the back to China and there was a contraction then there was a global financial crisis in two thousand and nine in the first quarter which we saw a contraction of seven point eight percent in the first quarter but this is the worst going back to data as far back as nineteen seventy four and there's no really end in sight because the you know once the virus has and the pandemic has eased as it's showing at least here in Hong Kong you have the other headwinds also rearing their ugly heads as well the protest I offer a lot of potential uncertainty for the second half of the year and in fact Bloomberg economics expects the recession to extend a well into the second half leading to an even bigger full year contracts and this year the Bloomberg economics had earlier forecast impact we heard yesterday from the financial secretary Paul chan saying that that we could see the worst full year GDP on record for twenty twenty with the contraction of up to seven percent of course last year we saw full year contraction of one point two percent and that was pretty bad given the seven months of protests and also the overhang of the US China trade war so if we're looking at a possible seven to think contraction it's pretty dire for the Hong Kong economy let me run through the break down because domestic or I should say a fiscal stimulus cannot overcome all the different drags on the economy you can put a floor to the more vulnerable industry sectors but when you have the mystic household spending down ten percent investment down fourteen percent exports of goods down nearly ten percent I can run through the whole litany of sectors under pressure it's gonna take a while to down in fact it seems there is some good news I mean chief executive Carrie lawn this morning says an easing of the social distancing restrictions may be imminent let's see what she has to say I do feel very strongly and also echoed by many people in society that the time for some relaxation for some lifting of the restrictions that we put on the social contacts has come Steve what's likely any details well no she didn't give a time frame or details other than to plead for a little bit of patience and some sort of a restriction easing could coming imminently and that according to local media could mean a reopening of movie theaters Jim's of beauty parlors and other businesses as well as basically doubling the social distancing rules that only allow gatherings of up to four people that could be extended to eight people but again that's also really opens up a another dilemma for Carrie lam it could facilitate a larger return of the street protests that have already started to happen again we have a big protest being called for again for Sunday retail sales are going to get another barometer of the economy later today we're expecting in March a drop of forty eight percent all right Steve I just want to bring in some lines are on the Hong Kong dollar as well well what is actually impacting the Hong Kong dollar we are just taking a look at the one month high for now a thousand twenty basis points to zero point eight six percent of the lowest we've seen since April of twenty eighteen and that's perhaps why we seen that weakness in the Hong Kong dollar recently after we start that strength and getting really close the strong end of the band recently we have seen the H. can may intervene and now we getting the most in five weeks for the Hong Kong.

Bloomberg Hong Kong
"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:43 min | 2 years ago

"paul chan" Discussed on Bloomberg Radio New York

"As well in a bid to try and stimulate an economy on the pressure from the protests last year and now coronavirus the voice of a man spoke to a Hong Kong financial secretary Paul chan I think the rebound will be strong but the to what extent these the I. response compared to the past that remains to be seen what do you say to the economists out there that say you know this can't cash handout is just not targeted enough that this is just a drop in the ocean for many you could have used the same amount of money to to really help the people in need what do you say to those people that help with that view well Hong Kong like to have choice and indeed given the stiff fickle situation I think the individual circumstances Mary's so by giving a cash channel and appealing to the people to come out to spend to have a business and courage in the business sector to come up with the incentive programs to complement this initiative from the government he said the current amount of spending is not sustainable in the government needs to look for other sources of revenue for review the tax rate what do you consider it now well number one consolidated expenditure we have seen very high rate of growth in terms of expenditure yes this is necessary to improve services to catch up on different area of social services but there is a point that we need to consolidate and also we need to look at the revenue aspect in terms of the day it is possible for us to to some of the tax rates what day it is advisable to open new sources of revenue but this is something that we need to have a debate in the community would you consider a VAT tax dollars on and off a different discussions I do things we cannot know what would happen but on the other hand we fully understand yes please request if it is something contentious if we want to contemplate and having a discussion and debate in the community is very important Hong Kong is going to be running large deficits for the next five years you said mmhm there's a some economists out there that are concerned that perhaps Hong Kong is gonna be facing structural deficits we've already seen credit agencies like Fitch last year cut the credit rating in Hong Kong movies a couple weeks ago is there anything that Hong Kong can do to avoid more downgrades from ratings agencies offering about the structural deficit it is too early to draw such a conclusion do you think that Hong Kong home prices can still remain resilience during an epidemic like this one mmhm we have seen the private residential property market not only a testament since last August but the degree of adjustment has been pretty mild even if the code and academic we do not see the risks off day off the creek type of downfall the circumstances it's very different when compared to two thousand three and before that was all gone financial secretary Paul chan speaking to Bloomberg serve on men that's taking on the Indian market actionable Brooklyn's there it's shot he joins us from by Neeraj I have got a good morning to you and and.

"paul chan" Discussed on KQED Radio

KQED Radio

05:30 min | 2 years ago

"paul chan" Discussed on KQED Radio

"The U. S. get funding from a number of places alumni grants and yes countries China give some big money to American colleges but the trump administration is taking a close look at funding from China because it suspects widespread economic espionage the federal scrutiny into Chinese and international funding is disrupting the work of scholars who are used to working with colleagues and institutions across the world Kirk Kalpetta covers higher education for our partner WGBH here in Boston here's what he found good morning at the federal courthouse in Boston recently government prosecutors charge the head of Harvard's chemistry department with the lying about research funding he got from the Chinese government US attorney Andrew Lelling said Charles Lieber signed a contract with the Chinese University and was paid up to fifty thousand dollars a month to set up a research lab and develop batteries for electric cars Lieber is being accused of though of hiding his contract from Harvard and federal agencies we were also joined China's thousand talents plan of the Chinese government run program designed to entice scientists and researchers in the United States to share their research expertise with China Welling said China uses these partnerships and exchanges with U. S. schools to steel cutting edge research and equipment the government estimates this cost the US at least two hundred billion dollars a year Boston is especially attractive target for this kind of exploitation and universities must become sensitized to this threat levers attorneys declined an interview and they haven't offered a defense yet about what he was doing in China the case is raising big questions about academics used to cross border collaboration the mission of research universities in the US is to discover and share knowledge a federal crackdown on foreign funding threatens to undermine that openness it's a tense time for the American research community Rebecca Keiser directs the national science foundation's office of international science and engineering she says the believer case is a warning to colleges police yourselves and be more vigilant about potential espionage we're all struggling to really understands the scope and scale of of this issue and we know there is an issue out there we just need to work together to figure out what to do about it Kaiser says universities are exploring how to balance scientific collaboration with the research security the science is better when we all work together because is it recommends universities create and know your collaborator culture of transparency on campus and she suggests lever cross the line there's a difference between collaboration where there's true intellectual cooperation between parties and what we're talking about here this type of foreign influence is not collaboration both the National Science Foundation and national institutes of health do allow professors to engage with universities abroad but required they disclose it there's nothing inherently wrong with foreign recruitment programs per se Julia McKenzie is the head of international affairs at the American Association for the advancement of science she says cases like the one involving the Harvard professor paint a bleak picture of systematic threats to US research from the Chinese government but that's a very difficult thing for any individual university to us that there are very important questions about how to balance such a threat with other real issues such as racial profiling some academics worry about a new red scare on campus as the trump administration tries to confront national security threats presented by China this could mean unfairly targeting Chinese researchers and those who work with them although most academic swept up in these investigations are Chinese nationals Harvard scientist Charles Lieber is an exception he's white at a conference in DC this month FBI director Christopher Wray said China is waging a generational fight to beat the US when it comes to economic and technological leadership but not through legitimate innovation not through fair and lawful competition and not by giving their citizens the freedom of thought and speech and creativity that we treasure here in the United States instead ray argues the Chinese government is willing to steal its way up the global economic ladder in court a federal judge release lever on a one million dollar cash bond Harvard also please lever on paid administrative leave and the grand jury will decide whether to indict him for the world Kerr Kerr because a Boston one more story about money from China Hong Kong's legislature announced this morning that it will put serious cash in the hands of each of the city's residents twelve hundred dollars cash money for every adult here's Paul chan Hong Kong's financial secretary announcing the news in terms of how really how lower house apostle on USM haven't gone he said the legislative council wants to encourage Hong Kong's consumer economy and also ease people's financial stress Hong Kong's economy has been battered by months of violent clashes between police and pro democracy protesters add to that the impact of the corona virus on Hong Kong's economy Paul chan says the city will spend about seventy one billion dollars to put money in the pockets as of about seven million people Morton.

China
"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:29 min | 2 years ago

"paul chan" Discussed on Bloomberg Radio New York

"Just gone nine AM across Yemen this is been at daybreak Middle East ominous granny in Dubai the trip the laws rinsed rocks and daft Rodin exhibit five hundred full days of tumultuous trading we saw hello Jean offer eight percent in body two and a half trillion dollars we have not seen a move of this speed and velocity since nineteen twenty seven so coming off a record high the demolition that took place it is the hardest hit market in terms of speed of correction since nineteen twenty seven do not buy the dip couldn't monitor there and do not listen to the punches that appear on TV shows listen to the corporate executives and the warnings that they gave you we'll talk much more about whether it's the pundits or the companies we should listen to Judas Sally is this thing about doing a comic is is in Mumbai today Sally is barely talking to me but took me to the budget in Hong Kong good morning good morning Matt as yeah you know we know the Hong Kong has been doubly hit by the ongoing process and of course the fact that we have got the corona virus with finance secretary Paul chan saying that will potentially this could hit the Hong Kong economy worse than what we saw the size epidemic of two thousand and three he had a bit of an understatement when handing down that budget saying Hong Kong has faced a harsh winter and hasn't unveiled a fifteen point four billion dollars stimulus package for the economy a cash handout of around thirteen hundred US dollars will be given to every adult permanent resident while around ninety million dollars will be spent to promote tourism this is Hong Kong heads for its first back to back annual recession on record you can see that the economy declined one point two percent in twenty nineteen the now expecting a decline of one point five percent this year from Italy a full cost of growth of around half of one percent a menace I will always always talk to you I know join Gillette Sally myself on Twitter there is a whole vision ABC around ABC answer at Gina thank very soon in a condo we can create an Indian poll for you as well but talking to the mom because first of all good morning good morning on us and the markets into with all the rest of the world looks like which is subdued three quarters of a percent full straight days of losses that you're seeing for the Indian equity markets the nifty in intraday trade in the early morning trade breach below its two hundred day moving averages went from there it's stabilized a bit but still above staff Dylan thousand seven hundred mark on a member tomorrow is the February monthly and futures and options expiry and generally you do see a lot of one of the leading loss often out of trade but do you know considering that the warnings have been picking up in the futures and options segment a lot of trading activity has been seen don't always have been picking up you could anticipate this to be a big expiry of cells however on the downside over the B. C. recovery that goes to be seen tomorrow but in today's session a little thing across the board very sectoral indices are trading with **** yesterday's news is respond that contention in week today and banks in June was about how often or percent for the currency there is a slight amount to offer us strength that's coming seventy one point seven seven yes this was about seventy one point eighty thank you very much it is solidly and Singapore division Khanna in Mumbai I'll get you have speed now you first what headlines from around the world the latest democratic debate descended into a shouting match as the presidential hopefuls piled into.

Yemen
"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:51 min | 3 years ago

"paul chan" Discussed on Bloomberg Radio New York

"S. trading let's get you up to date on the news you need to know at this hour U. S. futures are little change this morning as we enter the final trading week of twenty nineteen it's a year that scene the S. and P. five hundred search more than twenty nine percent well the Dow was up twenty two percent overnight in China stocks gained one and a half percent after the government took a new step to liberalize its interest rate policy Bloomberg daybreak Asia anchor Brian Curtis has more from Hong Kong financial institutions are being told to stop using an old lending rate as a price reference the previous he wants them to switch to the loan prime rates starting next month instead the central bank also says that existing loan should be converted to the new base between March and August this move will lower costs as the L. P. R. is twenty basis points lower than the old benchmark it could also boost economic growth even though it doesn't involve a straightforward cut to interest rates in Hong Kong Brian Curtis Bloomberg daybreak brain thank you mean time in Shanghai Tesla has delivered its first trying to build cars we get the latest from Bloomberg Selena weighing in Beijing this is very important because this test was first manufacturing plant outside of the United States and it's China's first wholly foreign owned car plant so the opening of this is really symbolic of how quickly things have moved for Tesla inching high interest how important the China market could be for Tesla given that China is the world's largest electric vehicle market and the world's largest market for cars Tesla handed over fifteen model three should answer employees today deliveries to the public starting next month in Hong Kong six months of violent protests have rock to the economy financial secretary Paul chan warns GDP is set to contract again in the fourth quarter economists surveyed by Bloomberg predict growth of negative two point nine percent thank your in the US is a bigger week for economic data then you suspect from a shortened trading week the calendar includes readings on consumer sentiment in manufacturing plus minutes from the fed and those minutes come on Friday and they had found the industry is now on track to record more closures then launches for a fifth straight year according to data compiled by hedge fund research more than four thousand funds have been liquidated in the past five years futures meanwhile are lower we check the markets from their little change we check the markets every fifteen minutes throughout the trading day on Bloomberg again S. and P. futures that'll change this morning the dachshund Germany though a lower along with stocks in Europe in CAC in Paris is lower the forty one hundred lower all down more than a third of a percent attacks in Germany down six tenths of a percent right now ten year treasury down twelve thirty seconds the yield one point nine one percent the yield on the two year one point five nine percent straight ahead we have the latest world and national news and this is Bloomberg it's six thirty three on Wall Street let's bring in Michael bar to tell us what's going on in the world good morning.

"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:01 min | 3 years ago

"paul chan" Discussed on Bloomberg Radio New York

"And around the globe the Bloomberg business that Bloomberg radio dot com this is Bloomberg daybreak it's five thirty on Wall Street good morning I maybe Morris and I'm here in Moscow we are just about four hours away from the opening of U. S. trading let's get you up to date on the news you need to know at this hour U. S. futures are higher this morning as we enter the final trading week of twenty nineteen it's a year that scene the S. and P. five hundred search more than twenty nine percent with the Dow was up twenty two percent overnight in China stocks gained one and a half percent after the government took a new step to liberalize its interest rate policy liver daybreak Asia anchor Brian Curtis has more from Hong Kong financial institutions are being told to stop using an old lending rate as a price reference the previous he wants them to switch to the loan prime rates starting next month instead the central bank also says that existing loan should be converted to the new base between March and August this move will lower costs as the L. P. R. is twenty basis points lower than the old benchmark it could also boost economic growth even though it doesn't involve a straightforward cut to interest rates in Hong Kong brand Curtis Bloomberg daybreak Brian thank you meantime in Shanghai Tesla has delivered its first trying to build cars we get the latest from Bloomberg Selena weighing in Beijing this is very important because this test was first manufacturing plant outside of the United States and it's China's first wholly foreign owned car plant so the opening of this is really symbolic of how quickly things have moved for Tesla in Shanghai in just how important the China market could be for Tesla given that China is the world's largest electric vehicle market and the world's largest market for cars Tesla handed over fifteen model three sedans to employ use today deliveries to the public start next month in Hong Kong six months of violent protests have rocked the economy financial secretary Paul chan warns GDP is set to contract again in the fourth quarter economists surveyed by Bloomberg predict growth of negative two point nine percent back here in the US it's a bigger week for economic data then you to spectrum a shortened trading week the calendar includes readings on consumer sentiment in manufacturing plus minutes from the fed those minutes come out on Friday and that fund industry is now on track to record more closures then launches for a fifth straight year according to data compiled by hedge fund research more than four thousand funds have been liquidated in the past five years as in the future is up about three points Dow futures of twenty two nasdaq futures up three of the ten year treasury down eleven thirty seconds the yield one point nine one percent and the yield on the two year one point five nine percent to nynex riddle oil is up three tenths percent or seventeen cents at sixty one dollars eighty nine cents a barrel and comex gold is down a quarter percent or three dollars sixty cents at fifteen fourteen fifty an ounce the euro one point one one nine four against the dollar straight ahead we have the latest world and national news and this is Bloomberg it's five thirty three on Wall Street.

Bloomberg
"paul chan" Discussed on MyTalk 107.1

MyTalk 107.1

04:13 min | 3 years ago

"paul chan" Discussed on MyTalk 107.1

"I was just literally I didn't even shovel did shock you know how much it out in the backyard actually no it was underwhelming yeah I know normally six inches would get me excited if for this first snow fall in price you know who doesn't like a good dump and the first thing is the unification yeah your first some memorable right to be yeah no looked in the backyard we only got probably five or six inches kind of kind of a let down because you know and yesterday they were telling us in fact I was at the gym and my friend was like we're gonna get or getting twelve inches man and I was like roof I mean I can't remember the last time I got twelve and you definitely you guys you can't just get surprised with the twelve inches you can prepare yourself well and I tell you I did a lot of prep last night for that twelve inches you because it takes a lot of prep in fact when I got out of my car I got to shovel out the shovel by the back door because I knew I was gonna have to clear some stuff out of that back you can't just you can't just like if you wanted to ban yeah if you want I mean if we're gonna get twelve inches you gotta make room for the twelve be ready to make room for five one six four one one seven one how many interested you can be honest with twelve inches you're gonna have the potential for some accidents Sir and the last thing I wanted you know leaving the back door last night or this morning early this morning was to you know that would hurt yeah yeah back in the day lance to be slippery right now no one wanted to maybe are they hope they're clearing all we actually counting their inches is still yeah we just like eyeball it and tell us how many inches you got here six five one six one of seven one some tells me they have a sense you know you just get a feeling for how many inches you got right don't necessarily have to measure it does you really can tell the difference between like a four inch which was really underwhelming for me I'm like a because just six to twelve inches that's you know that's significant so let's well let's be fair in Minnesota were used to a lot so we could have taken twelve inches no problem we could take a nine inches no problem but as I look around these totals from the metro this was a piddling Florida eight St Paul chan Hanson had about just under eight it looks like I will say that when your when you were when you heard a promise of we've been promised almost you know six to twelve inches and you only get four inches it is sort of waiting it's kind of disappointing one to go to all this work exactly I was like I had I got all prepped for this I had a my special clothes out you know because big day big day work in six to twelve inches so I've got out that's my best coverage the dog of course the dogs are very excited actually let her out last night as the snow began to fly and I could tell she was already excited but didn't quite know what to do with what had already fallen on the ground so well she's tiny so you know four inches is huge to her to her that's like you know what is four inches like in dog into your dog engines is like you know every couple feet glee let's go to team a team is on the line he Tina how many interested you get last night I seven eight wow so you got you got a pretty good have to dump lastly you ready for yeah I mean my family and I got about but they complained at all about getting all that snow yeah are you are you are you moving around okay today in that twelve yeah there are separate but not too bad that that comes back but.

"paul chan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:10 min | 3 years ago

"paul chan" Discussed on Bloomberg Radio New York

"Sydney I'm Paul Allen and I'm Brian Curtis trading is underway in most of the key markets now and we do see some fairly broad gains across the region investors playing off a little bit of optimism over two sets of PM eyes in China we're getting some comments this morning from Hong Kong's financial secretary Paul chan and he says the damage from the unrest from protesters here in Hong Kong is equivalent to two percent of GDP he says the decline in retail sales will continue to be enormous and Hong Kong was his first budget deficit in some fifteen years we have seen some tough words from China so far but no action on this new US law in Hong Kong and as I mentioned a few moments ago markets this morning are a moving to the upside will get your full details in a few moments but for now some details on some of the stories I just mentioned yes some of that surprisingly strong doctorate of trying has been getting a lot of attention of the official manufacturing purchasing managers index rose to fifty point two that's according to the national bureau of statistics and that is the first read about fifty since April no manufacturing also rose to the highest since March but bluemix Tom mackenzie says it might be too early to start popping the champagne for one thing this is just one month status of a communist including yeah one that while bile trust say it may foreshadow an improving trend but it will moderate and any solid improvement will have to wait until the first quarter of twenty twenty now the industrial sector also faces some headwinds including deflationary risks and rising borrowing costs and household consumption here is being squeezed a bit by rising food prices mackenzie reporting from Beijing yeah I just want to mention as well Paul that we had the Tyson PMI for November manufacturing up to fifty one point eight in in the month of November again that come that's up from October's fifty one point seven and it was higher than the estimate of fifty one point five let's take a look at some of the stimulus that Tom mentioned briefly there hi and would talking about with the impact on the economy of the trade war China's tabloid the global times came out over the weekend and said that Beijing once existing terrace to be rolled back as part of any phase one trade deal and that could indicate that any promise from the trump administration not to impose stiff new terrace mid December might not be enough for a trade deal from China's perspective we've had some surprising comments from a rock about possible production cuts by OPEC plus go more on that story from Glenn Beck's sesenta palm Iraq says OPEC and its allies will consider deeper production cuts the country's oil minister is telling reporters in Baghdad this could be a cut of about four hundred thousand barrels a day he also noted Iraq complied with its commitment to lowering output in November OPEC plus had been widely signaling reluctance to cut more but Iraq is in the throes of political turmoil OPEC plus is set to meet in Vienna this week Susanna Palmer Bloomberg daybreak Asia all right the time here is thirty three minutes past the hour let's get to the US for some perspective their holiday shopping moving into record territory over Black Friday the full weekend first data now Fiserv said that brick and mortar spending rose four point two percent and online shopping was even stronger adobe analytics says that online sales jumped to a record on thanksgiving day and Black Friday as well well we are continuing to see some my good gains on equity markets in the Asia Pacific here in Australia now high by six tenths of one percent to the Nikkei is really leading the way up by one point one percent the topics will serve up by about one percent we had a capital spending higher in Japan this morning company profits they're using five point three percent of the cost be high by a third of one percent this despite some ongoing weakness for CPI prices and of course with the bank of Korea standing Pat one and a quarter percent on the seven day repo rate last week Hong Kong is a curious one Eccles a hi bye Hoff of one percent and we have had comments from pole chan the Hong Kong financial secretary as prime was mentioning that speaking of a quote very enormous impact on the retail sector coming also forecasting the fist budget deficit in Hong Kong for fifteen years and up to percent hit the GDP this of course because of all those months of unrest that we continue to see on the streets of Hong Kong Shanghai and chains in both high by about half of one percent we had some recently good Taschen PMI numbers fifty one point eight for the month of November oil is an interesting one fifty six dollars dating for a barrel of West Texas right now recovering a tad bit off about three percent of the past a couple of trading days the softer rock signal more production cuts could be on the way from a big plus that's a rather a break of consensus there are that's a quick check of what's going on in the markets that's gonna do about Mike mills in the user enough for check what else is going on mac Paul thank you hundreds of flights were canceled and thousands delayed for travelers heading home after the.

Sydney Paul Allen Brian Curtis one percent fifteen years three percent two percent four hundred thousand barrels one fifty six dollars thirty three minutes sesenta palm one month seven day
"paul chan" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

01:54 min | 3 years ago

"paul chan" Discussed on Heartland Newsfeed Radio Network

"Desk wanted Afganistan have committed a number of human rights violations over the last year a Human Rights Watch report found Thursday and militant groups are likely to be the lasting legacy of the US war in the country the report reviewed cases of abuse from Les 2017. Gene to the middle of two thousand nine thousand nine hundred in Afghanistan interviewing thirty nine Afghans and a number of rights groups in the country. The group found a pattern of extreme violence from the CIA. I trained in back desk watts in a statement. HRW Associate Asia Drakkar. Patricia Grossman who was the reports. Lead author said the CIA through backing the militant groups had consigned entire communities to the terror of abusive nitrates and indiscriminate air strikes among the atrocities detailed the report or a number of mass killings in October two thousand eighteen paramilitary forces murdered five civilian members of one family including an elderly woman and child just two months later. In December a group to the south raided a village and killed six civilians. The first domino in the next global economic crisis has fallen when Hong Kong crash Thursday morning into a technical recession the first time since two thousand eight two thousand nine financial crisis Hong Kong's economy plus three point two percent in third quarter of two thousand nineteen government data showed on Thursday exceeding economists lowest estimates and confirming affirming a technical recession has begun earlier this week. It was reported that Hong Kong Financial Secretary. Paul Chan worn after more than half a era. Violent anti-government demonstrations the end of October will likely mark the start of a recession with two consecutive quarters of negative growth and no end to the protests insight Bloomberg has noted in a series of graphs that a full year economic contraction is likely for twenty twenty support.

Hong Kong Protesters Flood Streets to Call for U.S. Support

Bloomberg Daybreak: Europe

00:31 sec | 3 years ago

Hong Kong Protesters Flood Streets to Call for U.S. Support

"Hong Kong has laws he returned to normal this morning they sell deleted carillons biggest concession yet to protest as did little to stop violence that has become the weekends norm thanks Karen Lee reports pockets of demonstrators on Sunday set fires vandalize subway stations and set up barricades after tens of thousands marched peacefully to the U. S. consulate to appeal for help from president Donald Trump the unrest came as financial secretary Paul chan said tourist arrivals in the financial hub plunged almost

Hong Kong Karen Lee U. S. President Trump Paul Chan Donald Trump Secretary