This years protests but what does that number truly represent well break it down plus. It will be british its not stupid but we must get rid of. The british pound is falling thank you piers im a hard turn sports practice ill be going into detail about how Prime Minister forced on someone to guarantee practice happening to. The oil based groups these are up prices are down so what is the forecast look like for 20 twentieths and for that giant saudi aramco i. P. O. Moving forward well break it down so much to get through today so lets get started. And we begin here with reports that the hong kong protests have resulted in over 5000000000. 00 pulled out of hong kong by investors since april the report from the bank of england shows the protests across hong kong have highlighted Political Risk as a key vulnerability in hong kong and the political tensions in that city continue to pose risks. Quote given hong kongs position as a major Financial Center and quote certainly not a huge amount o
Kind of signal to some issues in terms of political unrest as it does because hong kong has actually entered a core of technical recession and because of this g. D. P. Actually shrunk by of almost 3 percent and the government country contribute 2 percent of that to the unrest and turmoil and this is going to be a major thing going into 2020 and whether or not these unrest whether hong kong can or cannot recover and become the Financial Capital financial safe haven that it once was and as you point out this is a 5000000000. 00 isnt really a lie and a lot of that is due to ali baba because of the i. P. O. Just last month that actually gave a lot of credibility and a lot of confidence has resurged in hong kong and the u. S. And other western powers continue to show support for hong kong does that kind of ease some of the tensions for investors who are keeping money in hong kong i think it does but then because of the uncertainty that we see right now there are actually a lot more inflows
To pose risks quote given hong kongs position as a major Financial Center and quote certainly not a huge amount of investment by any means in fact when you look at hong kongs Monetary System that 5000000000. 00 is equivalent to 1. 25 percent of the Gross Domestic Product meanwhile dollar deposits in hong kong total almost 900000000000 and the increase between september and october according to the Hong Kong Monetary authority is a kristie lets break this down here because obviously in reality the numbers of investment kind of flowing out of hong kong is not really that high again 5 percent is a teeny tiny considering how massive investment is in hong kong and what this does kind of signal to some issues in terms of political unrest as it does because hong kong has actually entered at their core of technical recession and because of this g. D. P. Actually shrunk by of almost 3 percent and the government country contribute 2 percent of that to the unrest and this is going to be a may. Su
We asked you if you plan to shop in a physical store, go to the store today, and were revealing the results as Worldwide Exchange begins right now perfect. Good morning, good afternoon, good evening, welcome from wherever in the world you may be watching it is friday, november 29th. Hope everybody had a wonderful thanksgiving to the rest of you, i hope you had a good thursday. Im Brian Sullivan before we get started into the show, we got a mystery chart for you. That is your chart of the day. Now, this retail stock is the best performing retail stock in the past three months. Past 90 days it is a rather unlikely name well reveal it in todays rbi, random but interesting, thats it keep it here for the answer. The stock markets here close at 1 00 p. M. Eastern time the bond market closes at 2 00 eastern time today how generous of them stock futures, theyre down 50 points on the nose right now, again. This will be a very thin day but with lighter volume can often come bigger pricing swings
Bid 140 a share or over 5 billion scluting debt. The apollos offer was accepted. The later offer accepted by tech data as the better offer and buffett says he does not intend to make a higher offer a little bit about tech data, it is a global distributor of Technology Products and services it supplies Small Companies with Technology Software and hardware made by larger companies, larger technology companies, a middle man. This is evidence of what has been happening with Berkshire Hathaway as the cash ward has grown. Topped over 128 billion according to most recent s. E. C. Filings from the company this move is interesting pivot for buffett, he rarely goes up against private Equity Companies and doesnt like to get into bidding wars it shows how hes going further afield to try andlook to deplo his large stash of cash that he has on hand. Hes known as being a cheap guy. Somebody who looks at prices he doesnt like auctions. Doesnt like auctions, doesnt like to get into the fray what is int