Markets, ftother markets catching a bit on both sides of the atlantic. Hong kong factor, brexit a factor as well. Stoxx 600 up. The bull market selloff is across europe. Sellingan tenyear also off, moving by around four basis points. After the massive move to the downside yesterday, brent bouncing back. Vonnie were going to be following that. The vote is supposed to begin in about three hours time. In the u. S. , we have markets taking their cue a little from the fact that carrie lam has withdrawn the extradition bill in hong kong and a little bit from the fact were not getting too many negative headlights on trade. Just in general, moving toward insurgency in europe. Equity indices in europe and around theequity indices in eurd around the world higher. The 10 year yield, 1. 47. Money going into treasuries. The canadian is interesting because the bank of canada did nothing. They held fast, in fact. It means the bank of canada is the one bank that is really holding fast. The Canadian Dollar is stronger off the back of that. Point to tysons food, down 6 . The worst performer in the s p 500. 225 lower by about million. Guy brexit, one of the factors of the European Central bank will be considering when it decides on its next move. The 12th is when we will get that decision coming through. Clearly, the european economy is slowing. Ecb incoming president Christine Lagarde talked today about her approach to Monetary Policy in her view of how the markets should be perceived. The ecb needs to listen to and understand markets. Guided by market, but needs to listen and understand. Joining us stuff from brussels is one of Christine Lagardes predecessors. , the ecbde trichet former president , joining us now from brussels. Very nice to see you. Thank you for spending time with us. Christine lagarde talking about how the ecb should be the markets, how the markets should be listened to but not completely. Jeanclaude trichet, the market is currently expecting around 16 basis points of cuts from the ecb on the 12. The market is clearly expecting more qe. Looking at italian banks, the market is clearly expecting some sort of tiering to be coming through from mr. Draghi and the rest of the ecb. Is the market expecting too much . Course asf all, of Christine Lagarde said, the Central Banks have to understand fully the market. They are not depending on the market, as well as theyre not depending on the government of any particular influence. They have a mediumterm vision. And they have to keep their own credibility in that longerterm, mediumterm vision. We will see with the governing council does. One of the reasons why the market is expecting that the ecb will move is due to the ecb itself. Because Khamenei Kaisha of the persons of the ecb has been because communications of the persons of the ecb. It is normal we are observing some expectation, but the decision is taken by the governing council. They will see all of the data, the figures come and they will, im sure, decide in the best andion possible circumstances, which obviously are difficult not because of the market particularly, even if we see the market very volatile, but because of brexit, because of the fact the slowing down of the Global Economy is absolutely obvious, the slowing down in the u. S. Is very clear. And i would say when i look at indicator, i see more or less the same slowing down in the u. S. And europe, on both sides of the atlantic. These are facts and figures and data that have to be incorporated into the decision of the ecb. Guy jeanclaude trichet, all of that is showing up in the data. Clearly, the data are indicating a slowdown. As the four indicators within the em pmi suggesting that is coming faster in europe than in the United States. Is it europe relying too much on Monetary Policy . Is europe once again not looking for fiscal policy when it should, is now the time to make that switch . Is Monetary Policy nearly done . Say im of all, i would not absolutely sure the slowing down is largely superior in europe to what it is in the u. S. A look again at the last pmi on manufacturing goods production, and there you see really slowing down in the u. S. When you compare it to it as a whole, we chart very much on the same. That being said, i share the view that the Central Banks cannot be the only game in town. It is not normal that the other , governments, you mentioned fiscal policy, and also i would say all of the other partners, including the private sector, including the social partners the employees, the unions, the entrepreneurs all of them at presentsibilities in normal situations on both sides of the atlantic. Over, frankly speaking, the advanced economies. Again, i expect that there will mitigation in order to avoid the trap of inflation, which is much too low and cannot be eternally that low. In any case, it seems to me it is not a single entity problem, namely the central bank problem, that a wider a problem brings in the responsible use of all partners of all kinds in the advanced economies. Vonnie if there is widespread recognition of that fact, though, why isnt germany and jarkkofiscal stimulus and further, why is the bundesbank saying it shouldnt . First of all, it is absolutely clear those countries and the economies that have room in europe, is certainly germany and also the netherlands and you have a small number of other countries which clearly have room for maneuvering on the fiscal side. They also have room for maneuvering more generally on the Macro Economic side. All of those who are posting very, very substantial surpluses , really signaling they have room for maneuvering. It could also be higher wages and salaries negotiations. By the way, we are speaking of europe in this particular occasion, but again, it is a problem you see also in the United States of america and in japan, obviously. Time, in myut opinion for the public to better understand what we have at stake. We cannot rely only upon the Central Banks. It is not correct and it wont work. The other partners have to step in. Vonnie and yet were not seeing any movement. If anything, we are seeing movement in the opposite direction because will have elections, extremes are voted in and governments are not willing to put in place fiscal stimulus. So where do you see this trend changing in the world jarkko in the world . It seems to me again that we have swirled in the back out. We have a swirl in the back. The Central Banks have already done a lot. It is the case also in the United States where, clearly, the Monetary Policy is very the eventing and by more accommodating. We are in a situation where the swirl in the back of the other partners come if they want to avoid the situation, which would be very dangerous, with very, veryonstantly low, by way of consequence, Monetary Policy being constantly hyper accommodating, by way of consequence, Interest Rates would be at zero or negative which is the case in many economies now in the advanced world. So again, i think it is really something which should appear to all responsible entities as obvious. , stayeanclaude trichet with us. We will be back with you just a moment because we need to talk about one country that looks like it is going to be spending some money, and that is the u. K. Plan, Spending Review announced that will increase significantly spending on daytoday activities. Were joined now by the economic secretary of the treasury john glenn. The chancellor was chided by the speaker many times for making it too political. This was bad an election, wasnt it . I think the previous chancellor, i worked under both of them, and the speakers interventions are quite random. This was about saying we turned the page as a country through the stewardship of the economy or the last nine years. We got to where the deficit is now 1. 1 . We are now addressing the peoples priority. That means significant more investment for police, for education, of nhs. Vonnie that sounds like something guy thats house like something you would say in advance of an election. I think the Prime Minister is being very clear what were totally focused on is getting out of the eu we want a deal to achieve that. Brusselsrs are asking today. What we see happening in parliament at this moment is an attempt and to get all the cards to the eu to determine when we leave. When really what we want is a leave. Ated when really what we want is a negotiated feel deal. That is why the prospect of an election should that legislation passed has been raised by the Prime Minister. Guy it also feels as if were in a situation where it would be surprising to hear german corbyn talking about the fact he wants to spend more money and the labour party as in the past increased spending significantly on exactly the kinds of things the chancellor announced this afternoon. I think theres a bit of a difference between a random grab you cant say every company. I think youre trying to make a parallel between the approaches of the opposition in the sitting government, and i dont think there is one to be made. What we have done is through the stewardship of the economy over the last nine years, got ourselves in a position where we have 13. 8 billion pounds to spend, and we of said outofdate for the next Year Spending him a oneyear, were those properties will be. And that is nhs, police, and education. And i think that is what the people want us to do. We would be doing that in any event, regardless of the speculation around an election. Guy thank you very much for spinning some time with us. , talking about the Spending Review we just had here in the united kingdom. Vonnie lets get back to brussels. We are back with jeanclaude trichet. Do septemberhe ecb 12 . Again, upon the wisdom of the governing council and on their capacity to judge the situation. I dont want to embark on any of their action and several have been mentioned. I would say i hope that the communication will be very, very successor willmy ,e even more, i would say energetic than before. Since a number of months, he said we are not only game in town. You have to step in. Im sure it would be the main message coming from the central bank will step central bank. You have to step in. But on the very decisions on whatever, i will not mention anything. , youjeanclaude trichet know Christine Lagarde very well. Lets talk about Mario Draghis successor. Another french person succeeding at the ecb. How do think the ecb is going to change under her stewardship . Has a lotf all, she of experience. She is been the managing director at the imf to the satisfaction of the international community. She was reappointed and so forth. I would say she has the capacity to lead. And also to listen. To take advantage of the wisdom that is embedded in the governing council. Aat is embedded in europe large centralization and Monetary Policy but also roots in all very Different Countries obviously. Again, i would say continuity is of the essence in terms of central banking and the governing council remains the same. Will observet we her rocking the boat. I expect wisdom of the leader, namely and of the governing council, will continue to adapt and have the appropriate responses to situation which is extraordinarily demanding in europe as well as the rest of the world, totally difficult, totally unpredictable largely due to the new administration in the United States of america. Easy at all. Not very difficult, obviously. See howm intrigued to many needles she has in her cupboards. Jeanclaude trichet, thank you very much, indeed. Jeanclaude trichet, former ecb president. Vonnie lets check markets. Equities around the world, s p 500 off about. 7 . The dow is up. The nasdaq up. 8 . The british pound trading at 1. 21. The Canadian Dollar at 1. 3268. Dxy at 98. 50. This is bloomberg. Guy i am guy johnson. Vonnie i am vonnie quinn. Lets check the markets with abigail doolittle. Abigail the shock continues for global stocks. Take a look here in the u. S. The month of august, everyone talking about the big range for the s p 500. It continues today. We had trade fears yesterday. Today, less fears around trade and also factory data. In the asian session, shanghai composite up. 0 percent. This is confirmed. We take a look at the sectors for what is happening in the u. S. By going into the imap. Nine of the 11 sectors are higher. The two sectors are lower are more defensive was of health care and utilities. In a strange way, that is risk on. Consumer staples, another defense sector. Investors rushing back into the risk assets relative to stocks and also other assets altogether. Take a look at oil and copper. Yesterday we had a big selloff at one point for oil. Today, reversing that, up 4 . Nothing is really changed much except investor sentiment. They are selling haven yen and bonds a little bit. The pullback we are seeing for bonds does not seem to quite match the rally for stocks. The chopped may continue as september goes on. Vonnie thank you for that. Still ahead, we will be speaking with south africas reserve Bank Governor as the World Economic forum gets underway in cape town. That is next. This is bloomberg. Guy from westminster, im guy johnson. Vonnie from new york, i am vonnie quinn. Local latest business flash. Ugo has agreed to pay 170 million fine to settle claims it violated childrens privacy laws. 10is accused of failing to obtain parental consent. Most of the money will go to ftc. Shares of starbucks are lower. It is blood on growing growth model. It is below the growth model. Tech giant joining a slew of companies that are rushing to the investmentgrade markets after the labor day holiday. Apple selling senior unsecured bonds. 30 year bond may be above treasuries. That is your latest Bloomberg Business flash. Checking u. S. Markets, a nice balance. The best performer in the s p 500 is up 8. 5 . Micron of about 5 as well. Guy . It started in hong kong, the risk on move been generated by the statement coming from carrie lam, carried on into europe. Equities tracking higher as well. We have also seen a move higher in the duke in the british pound. Maybe a delay to the Brexit Process, no hard brexit coming in the near term. The ftse is a little higher. We are seeing the pound higher, which is not normally what happens at the moment. Youre seeing a decent size move in u. K. Gilts as well. Bonds it general selling off around europe, but the biggest move coming in the gilt market in europe, less big move over in the german tenyear. This as a result of what is happening in the building behind me, the palace of westminster, where the debate is ongoing about this year he that Brexit Process we have had the rebels taking control this afternoon. They are now in charge of the process rather than the government. Around 5 00 today, we will see amendments coming through and 7 00, voting on the extension process which will basically force force johnson to go back to brussels asking for an extension. To goce Boris Johnson back to brussels asking for an extension. , boris is successful johnson will have a debate later on. If he is successful. The close is next. This is bloomberg. Here, it all starts with a simple. Hello hi how can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone [ camera clicking ] wifi up there . Ahhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your xfinity store today. Vonnie stocks finishing up the day in european trading. A green day all told. This after a mix today yesterday. Better news in britain even though there is still a lot of chaos. There is about later on tonight which should clarify how things should proceed for the next few weeks. Lets look at the individual markets. In the u. K. We did see the ftse 100 around. 6 . In broader europe we had bigger gains. The dax up 1 and the ftse mib up 1. 7 . Some of the better performers across europe include the carmakers and the banks. Unicredit up 2. 3 . If you looked at banks as a group, one of the best performers. The italian 10 year yield at 82 basis points. A big difference from last year where there was no real government. 25 basis points of a move. Of the luxurye stocks were also readers. The cac 40 was up more than 1 at the close. Lets look at the u. S. The s p 500 up. 8 . A better tone out of hong kong with carrie lam retreating on the extradition bill and also a lack of headlines regards china and trade. It seems the u. S. Is happy to let britain take center stage, today at least. 1. 47 on the 10 year. The dollar index down1. 47 on th. The dollar index down to 98. 5. That is giving strength to the Canadian Dollar among other currencies after the bank of canada held steady. The british pound up 9 . That is largely behind the weakness in the u. S. Dollar. U. S. Dollar. Some of the stops moving, broadcom up 3. 1 . The stocks having a great day, only one element lower in the philadelphia index. Go broadly gaming to across the United States and for the casinos in las vegas to make much more money. Box up 10. 5 . That is look at Global Markets for now. Guy lets take a look at another aspect of those Global Markets. South africas currency is heading for its biggest gain in two months on the back of positive domestic data in a risk off move. Highyield bonds. The World Economic forum is underway in cape town. Joining us is south africas reserve Bank Governor. Governor, thank you for spending time with us on bloomberg today. The government doesthe governmee much physical room to play with. It has no physical room to play with. Does that put more pressure on you on the monetary side to deliver more to help growth in south africa . We have a constitutional andate of price stability price stability is a necessary condition for balanced and sustainable growth. Sufficient way a condition for balanced and sustainable growth. That there is a lot of Monetary Policy room, but Monetary Policy is still accommodative. You are right when you say there is no physical room, but that is for the minister of finance to communicate to his colleagues. Guy i am wondering what it would take for you to cut again this year. The market is not expecting a the market is not expecting a cut. Is it down to the Federal Reserve over in washington as to what you do next to this year . If we were to see the fed being more aggressive, a 50 basis point cut coming from the fomc, with that encourage you to do more . How important is the dollar and how important is the fit in your thinking . The fed in your thinking . Focus of Monetary Policy is to get inflation under control. We do not target Interest Rates, we target inflation. We are a small, open economy, which means that development plays a very important role. Twohe moment, there are important sectors which impact our environment. The first has to do with the trade tensions, which impact on global growth. Drives the Global Economy is actually global trade. The costs are not just from the direct growth, but also coming in directly through confidence on investors. If you are to deploy money in new investment and you use additional goods, you have to be asking yourself, will trade sanctions continue to inflame and the second aspect is what you have mentioned, which has to do with the Monetary Policy in the developed world. Closely andse very the manner in which they affect we were expecting there would be Monetary Policy normalization as we were getting into this year. We were expecting that, with that, withlicy Monetary Policy normalization you would then see repricing of Financial Assets and emerging markets and you could see outflows from the emerging markets. Down,obal economy slowed and the Monetary Policy and the advanced economies now are moving toward more accommodation and that meant to me that emerging markets also begin to benefit. [indiscernible] vonnie what do you see as the biggest risk to inflation right now . It has been at or below 4. 5 all year. Moment inflation is well behaved. It is well contained within our target range. It is closer to our target range. That is todays inflation. What matters is what happens to inflation going forward. At the time of our previous Monetary Policy meeting, we identified the risk being the prices, ande, oil so forth. Both variables seem to have behaved and have provided the space for the risks to be risks to be mitigated somewhat. In 14 days, we will be making a reassessment as to Monetary Policy and based on the data that comes out and the forecast that will come from that, we decision decision we believen e is appropriate and consistent with our reading of the data. Vonnie speaking of the data, we got 3. 1 of growth data yesterday, which means the economy averted a recession. What is your outlook for growth for the year . At the time of the previous meeting, we had a growth of 0. 6 for the year. Now we are Still Holding onto that. What the figure actually means is that even if we get zero growth for the next the South African economy will still grow 0. 3 this year. Theet growth of 1 theining quarters of the remaining quarters of the year, we would have to grow between 3. 6 and 4. 5 . That is not quite a scenario we are looking at at the moment. Scenario we are looking at at the moment. We are still compatible with a 0. 6 growth we had for the year. I say to that the figures that came out yesterday seem to be exceptiond, with the of a few sectors, and we will continue to watch the data. One quarter is to close to make fundamental changes in your view on the one quarter. This quarter comes out of a very low base in the First Quarter. Much as a Strong Performance by mining and the Banking Sector and the Retail Sector and so forth, we have got to take a little of the sector. The low base in the First Quarter has continued to play a role in the growth outcome we have. Governor, we are going to run out of time. Thank you very much for joining us at the World Economic forum in cape town. The south African ReserveBank Governor. Lets take a quick look at where europes markets have settled. Equity markets a little higher on the ftse 100. The pound we have also seeing a rebound in equity markets. Equity markets on the continent stronger. The dax bouncing back, up by 1 . It was a luxury stops, as a result of what we have seen in hong kong, that drove the cac 40 sharply higher, up 1. 21 . If you want to carry on the market coverage and the brexit coverage, tune in at the top of the hour to bloomberg Digital Radio. Dab Digital Radio and the london area and around the world. Jonathan ferro will be in new york, i will be joining him in london. This is bloomberg. Vonnie lets get to first word news with kailey leinz. Kailey Hurricane Dorian is threatening the east coast. After wreaking havoc on the bahamas, the storm is lashing florida with wind and rain. Dorian has been downgraded to a category 2, but it is growing in size. One forecaster says it could make landfall in georgia or the carolinas they are this week. Wars johnson is preparing for more defeats in parliament. Lawmakerswill be when try to legislate against a no deal brexit, the second when johnson tries to win support for an early general election. He and Jeremy Corbyn spoke today in parliament. We will need we will leave by october 31 in all circumstances. There will be no further pointless delay. It is becoming increasingly clear that this reckless government only has one plan to crash out of the eu without a deal. Kailey johnson responded to yesterdays defeat by expelling more than 20 rebel lawmakers from his party. Iran is escalating the pressure ahead of a weekend Nuclear Deadline for european nations to come up with a solution for the country to sell its oil a pot to sell its oil abroad. The president is threatening to increase Nuclear Activities if europe fails to provide an answer. Irans oilave curved exports and sent its economy into freefall the pentagon is shifting 3. 6 billion in military Construction Projects to build a wall on the border with mexico that follows president trumps declaration in april that a National Emergency exists there. Critics see this as a runaround congress which rejected funding for the border wall as part of a fight over the budget. Global news 24 hours a day, on air and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. I am kailey leinz. This is bloomberg. Vonnie thank you. In hong kong, carrie lam has announced the government will formally withdraw a controversial extradition bill that spark months of protests. Joining us with the latest is Bloomberg Stephen engle. What is the situation . Exuberantt was quite in the afternoon when news came out that she was going to at last acquiesced to at least one of the main demands from the protesters. You saw the stock market in the afternoon session in hong kong sore up. Relief rally in many ways. The biggest gain, the Msci Hong Kong index since 2011. Now seeing that enthusiasm temper, especially soon after that recorded address you see here from carrie lam. The activists in the prodemocracy camps throwing a lot of cold water on the comments from carrie lam because she only addressed one issue, and that is formally withdrawing the extradition bill, which many of the protesters and activists say she should have done 2. 5 months ago, before the protest turned to a darker shade with the violence. Could she have avoided a lot of this trouble . Perhaps. Right now she has another issue. That is rebuilding trust with a fractured community. Vonnie will it be seen as a capitulation on the part of aging . On the part of beijing . Did she get permission to do this . Wephen we got hints when got a press conference from the Hong Kong Affairs office in beijing, which struck a heightened tone. This time they toned it down and the speculation is xi jinping is drawing this birthday bash on october 1 in beijing for the 70th anniversary of the founding of the peoples republic of china. He does not want disruptions in hong kong to disrupt that and be on the International Stage that bloody riots are happening on his soil. I should not use the word right, that is a sensitive word. The mayhem on the streets of hong kong. Perhaps they also nudged carrie lam, give something to the protesters, offer a concession and an olive branch. Look at the reaction from the protest camp. They are not buying it. Josh will long speaking out of taiwan was a protest leader from the previous prodemocracy movement. He says the protests will continue. A prodemocracy lawmaker in hong kong says too little, too late. Vonnie you could say there have been crucial mistakes made on the part of carrie lam. If she was going to give in on this, then this is a chink in the armor. Why would protests stop . Wont they get even more demanding on all of the other points protesters are looking for . Stephen that is the point. Throughout social media, which has been the lifeblood to keep this protest movement going, leaderless, been leaderless they have basically set remember the five demands. There are still four key demands they want. They are emboldened even more because now she has given a little bit lets go for all four remaining ones, including an independent commission to investigate alleged police brutality. Carrie lam shot that down. She said we already have a panel in place to investigate police brutality, or alleged police offenses. Keep in mind, that existing panel is run by the police. Protests are saying how can we get a Fair Assessment and a fair judgment . That is why there have been strong reactions. She shot that down, but they will be pushing for that as well as universal suffrage, the overarching demand. Vonnie thank you for that lively report. That is Stephen Engle in hong kong. It is time for our stock of the hour. Looking at british retailer marks and spencer, shares rising despite the companies relegation from the ftse 100. Despite the share rise today, that is nothing compared to how shares of formed over the past year, down 30 over the past year and the market cap of Marks Spencer has shrunk to 3. 7 billion pounds, below the threshold for inclusion in the u. K. Bluechip index. Official announcement is not expected until later this evening, but it looks like Marks Spencer will fall out of the ftse 100 for the First Time Since the gauge was created in the 1980s. What went wrong . Spencerthe clothing business, n here if we switch up the board, by its general merchandise numbers. Responsible for a falling portion of its revenue and profits. It continued to struggle despite multiple attempts to try and turn it around. Attempts to try and turn it around. It has also been slow when it comes to online and ecommerce offerings of other competitors, seen as more compelling. Food business, once a brightplus the spot, showing sif weakness as late of late. Who might replace Marks Spencer . There are a number of competitors for the spot. We are looking at polly metal international, a drugmaker, and in aerospace supplier. Marks spencer fallout. You can see how the blue, yellow, and purple lines have soared above the white line. That is Marks Spencer, in terms of market cap in the last few months. That is your stock of the hour. Vonnie thank you for that. His is time pure latest Bloomberg Business flash good another resignation as cathay pacific. The chairman has followed the ceo out the door. Orfaced scrutiny from china its employees involvement in the protests in hong kong. The chairman will be replaced by veteran at the parent company. Shares of jetblue down 4. 5 . The airline lowered its forecast for that key financial measure. Jetblue is tied to the impact jetblue cited Hurricane Dorian bloomberg has learned a rental Company Meeting with potential Company Meeting with potential investors are expected to include stops in new york and san francisco. We work at targeting share sales of about 3. 5 billion. The debate in the house of commons overextending the brexit deadline delay is continuing. We are expecting about to begin at about 2 00 p. M. Eastern. Bloomberg subscribers can watch all of the proceedings using the function live. That debate continues. This is bloomberg. Devices are like doorways that could allow hackers into your home. And like all doors, theyre safer when locked. Thats why you need xfinity xfi. With the xfi gateway, devices connected to your homes wifi are protected. Which helps keep people outside from accessing your passwords, credit cards and cameras. And people inside from accidentally visiting sites that arent secure. And if someone trys well let you know. Xfi advanced security. If its connected, its protected. Call, click, or visit a store today. Vonnie from new york, i am vonnie quinn. This is the european close on bloomberg markets. Has debutedporsche an electric car. Matt miller talk to the ceo about using a promissory note to develop new media calls new vehicles. We ask all of the porsche to help be able to finance the project. Part of thes a increasing salary of the next able to finance able to finance the project, beginning with a board member through all of the people working at porsche. Vonnie we also spoke with the ceo about margin versus price. Oliver er we will we will start later on we will come with some [indiscernible] euros or dollars and we have a good margin. It is not so high as another project. Starting project and there is a lot of potential in future for innovation, and also for economic scale. Vonnie the ceo also weighed in on charging stations. Liver we have to kick off the initiative to start the charging infrastructure and at otherd we could combine Companies Like bmw, mercedes, for, or the other brands. Infrastructure will grow with the upcoming volume. Porschethe ceo of speaking to us earlier. Coming up, balance of power with david westin. Kathleen sebelius joins the program. We are seeing a Global Equities rally. The nasdaq is up more than 1 . The s p up almost 1 . The vix muted. At 1. 47 r gilts is your 10 year yield is at 1. 47. This is bloomberg. David from bloomberg World Headquarters in new york, im david westin. Welcome to balance of power, where the world of politics meets the world of business. On the brief today, Stephen Engle from hong kong on chief executive carrie lams move to ease tension. Onm london, emma chandra another day of high drama in parliament. And from boston, Brian Sullivan on Hurricane Dorians move. Stephen, we had the chief executive say we would withdraw the legislation. Are the protesters satisfied . Stephen not at all. You could see it in the stock market. When news came that carrie lam would withdraw the extradition bill, the market shot up. The Msci Hong Kong index had the biggest gain since 2011. After those comments were made and the activist started hitting the social media platforms saying they rejected these