And the news app. Now on bbc news live to singapore for Asia Business report. Us stocks close at you record highs we look at what is causing the optimism. Virgin galactic on the stock market debut. Good morning asia, hello well, glad you could join us. Lets kick off the programme with the us stock market because on wall street, the snp 500 index close at a fresh record high overnight. Equities gained with optimism over the progress of the us china trade dock and the Federal Reserve is expected to cut Interest Rates again this week. We have had earnings from alphabetic, beyond meat and t mobile. Earlier i asked whether the trade talk and rate cut expectations were masking general wea knesses expectations were masking general weaknesses in corporate earnings . Certainly that is the case. We are seeing any deal possibly signed in november raising investors hope we will not see trade tensions dolled between before the end of the year. We will see these december 29 tariff hikes delay which will put the pressure on the chinese to come forward and give some concessions and assign a mini deal at the opec summit. 0ngoing ease from Central Banks with a Record Number lowering the discount rates and that means stocks are valued at higher multiples but really, when we come through the noise and we look at Company Outlook statements, Company Earnings and the economic data, the message is clear that the Global Economy is continuing to slow. At some point with do need the earnings directive come back up again. Given that the current investment climate, which asian market excites you the most . I think the Australian Market is potentially onto a winner when we look at asian markets in general, given it has a high dividend yield relative to its peers and we have a somewhat more defensive market relative to other asian markets as well. Potentially the Australian Market is set to shine throughout asia. If it will shine throughout asia. If it will shine throughout asia and we see the fed cutting the cost of borrowing yet again this week, which Central Banks will likely follow the lead of the fence . We have the rba pencilled in for another rate cut later this year, looking at december to lower the cash rate again. We also have a host of Central Banks throughout asia are ready to follow the fed, i guess, and lower their cash rates as well. That will support stocks from evaluation because we see the discount rate lowered but does not mean earnings valued at a higher multiples but we need to see the earning story come back into the picture and we are looking to south korean expo data released on friday, given that it is a highly cyclical economy to point where growth is growing. Lower Interest Rates could pump more financial liquidity into the economy. Making headlines the british pound edged a little lover in asian trade. It is now standing at 1. 28 after rejection of Boris Johnsons mid to hold an early election. A three month flexible brexit delay was agreed to by eu leaders. Tiffany jumped more brexit delay was agreed to by eu leaders. Tiffanyjumped more than 30 in new york trading after it said it was reviewing a takeover offer with 14. 5 billion from the world s biggest luxury company, lvmh. Virgin galactic has made its first launch onto the new york stock exchange. We caught up with sir richard and the chief executive George Whiteside on the floor of the exchange to get a sense ofjust how possible commercial space travel is. She also spoke to a few sceptics. When are we going to go to space . Laughter who would not want to go to space . The reason you would want to go to space is the fact that the 500 people who have been to space come back completely transformed. The most incredible experience of their life. That is expensive. Maybe in ten years. I think the price will go up a bit. It is sort of under prize. Long term i think we will reduce the price. The demand will outstrip supply for decades to come. No way. I have seen it on the movies, it is too scary. Are you still on track . We are and we better be because i am going to be on the First Official space flight. Would you pay 12 a share on the company . Yes, i would. I would have to see the stats first. Anybody to invest in a space flight company. We have to see life from the other side. Indian budget carrier indigo faces the threat of grounding by the Civil Aviation regulator. Tell us what is behind the regulators warning . It is really bad news for indigo which is one of indias largest budget carriers. There are concerns that 60 of its aircraft, especially the airbus neo, the regularfound in 0ctober three of the flights had engine issues. Some included low pressure of the turbines and too much vibration. As a result, the regulator wants any of their planes with those engines that has more than 2000 hours on the clock to have the engines refitted. It is not the first time this problem has occurred. Indigo have had planes grounded last year and it could not have come at a worse time. Only a few days ago, it announced its biggest quarterly loss in its history due to High Maintenance costs. The airline going through very turbulent times. In a major problem with the Civil Aviation regulator. In technology use, the owner of tick tock is eyeing a Public Offering in hong kong as soon as the First Quarter of next year. The valuation head 75 billion dollars a year ago and it close a few billion dollar funding round dollars a year ago and it close a few billion dollarfunding round led by japans softbank. Lets have a quick look at the markets and, as you can see, some gains for the asia pacific stocks. They are mirroring gains on wall street overnight. Thank you so much for investing your time with us. I am rico hizon, sport today is coming up next. Stay with us. This is bbc news. The top stories this hour british mps reject borisjohnsons plan for a snap election but he says hell try again and re submit the proposal on tuesday. A lorry driver has appeared in court, charged with the manslaughter of 39 people who were found dead in a container in essex last week. Maurice robinson is accused of being part of a Global Network of people smugglers. Daniel sandford reports. The Prime Minister and the chief constable remembering the 39 people who died in the refrigerated trailer at a simple ceremony in grays, in essex today. In the book of condolence, Boris Johnson wrote that the whole world had been shocked by the tragedy and said the government would do everything in its power to bring the perpetrators to justice. A message the chief constable repeated. We will continue to try to bring justice for these families to bring these people, put them in front of the courts to answer for their crimes, wherever they might be. At chelmsford magistrates, in front of the worlds press, the first person to be accused was in court. 25 year old Maurice Robinson, of craigavon in northern ireland, appeared by video link from grays police station. The list of charges he faces includes 39 of manslaughter. He is accused of killing an unknown person one, because no victim has been identified yet, through to an unknown person 39. He is also accused of people trafficking over an 11 month period. At the end, districtjudge timothy king told Maurice Robinson that he would be remaining in custody until his next Court Appearance at the old bailey in london on the 25th of november. The home secretary, secretary priti patel mps were warned this would be a long investigation. The organised criminals who drive this practice are dynamic, they are unscru pable and they are highly adaptable. But failing to confront them comes with a terrible, terrible human cost. We must be ruthless now in our response. The cargo in the refrigerated trailer that became a death trap was officially registered as cookies. The man suspected of driving it to zeebrugge was detained in dublin on saturday, and is currently being held on unrelated charges. Detectives believe he used this blue cab, which has now been seized by irish police. Daniel sandford, bbc news. Hello, im mimi fawaz and this is sport today, live from the bbc sport centre. Coming up on this programme things got heated as it all got a bit physical between two nascar drivers in virginia. Pliskova fighting back, as the Houston Astros are now one win away from the world series title. And the womens football world champions have a new coach. Thanks forjoining us. We start with the fight between two nascar drivers after a coming together during their race in virginia. Denny hamlin and joey logano collided on one of the turns at martinsville speedway. Logano unhappy about being squeezed into the fence and that wasnt the end of it, as their discussion afterwards also got physical. And then it escalated. A little bit ofan and then it escalated. A little bit of an extra shove there as he walked away. We were having a discussion. Everything was civil. And then, like jey everything was civil. And then, like joey does, he does a little push and then runs away. So, yes, he said you wa nt to then runs away. So, yes, he said you want to go, sergas, am here, and then he runs away. What was the altercation on track that led to it . It looks like we got together and some damage. You would probably say a short attack race. I dont need it. I dont really know what happened. Because once he started hitting me he didnt lift. He was trying to finish me off. We ran each other fine all day so i dont really know what happened. Head replay. Hejust sent me up and keeps on going with it. Cut down my tires and vendor rubs everywhere. Why did it get physical and what did you want to deliver in terms of a message by going down and talking to him . |j just going down and talking to him . just wanted to see what he had to say. It wasnt apologetic at all. It is more frustrating when someone is like that. When someone is like, that isnt what i was going for. I just wanted to see what is thoughts were. It wasnt by the on side was looking for. Not the answer he was looking for. Not the answer he was looking for. Neither driver are facing any sanctions but nascar have suspended one crew member from loganos team for pulling hamlin to the ground during the altercation. To tennis, wimbledon champion simona halep got her wta Finals Campaign off to their best possible start. In a battle of two previous grand slam champions, the romanian beat us open champion bianca andreescu, fighting back from a set down against the young canadian to win 3 6, 7 6, 6 3 in shenzhen