In politics, the house will vote on the g. O. P. Health care plan. It will be a partisan vote and its just the first step in a lengthy process to ultimately make this bill a law, but we begin with late night politics. Steven colbert he doesnt completely back walk or walk back from his vulgar antitrump monologue. Varney company begins. Folks, if you saw my monologue on monday, you know that i was a little upset with donald trump for insulting a friend of mine. So, at the end of that monologue, i had a few choice insults for the president in return. I dont regret that. I have jokes. He has the launch code. So, a fair fight. Well, that was Stephen Colbert from last night addressing in the comments he made the night before. Want to bring in James Freeman with the wall street journal editorial page. Seems like he did stop short of apologizing. Yeah, i think a lot of people are asking, wouldnt he be fired in many circumstances . What im happening for here is some market discipline. Stuart fr
Indonesia changes its tune on mining exports, relaxing two year ban. And how the art world has lost its lustre, as buyers from china shy away. Good morning asia, hello world. It is a friday, almost a weekend. Glad you could join us for this edition of Asia Business report. I am this edition of Asia Business report. Iam rico this edition of Asia Business report. I am rico hizon. This edition of Asia Business report. Iam rico hizon. We this edition of Asia Business report. I am rico hizon. We start off with indonesia where the government has done an about face on its ban on raw mineral exports. Indonesia will now allow exports of more unprocessed minerals, a big change from two years ago when the government banned most exports to force Mining Companies to process minerals within the country. The president , joko widodo, explained his decision. Translation we need to make sure that our Natural Resources benefit our own people. Thats the founding principle, and oui thats the founding princ
Carrie lam will become hong kongs new chief executive. But what the new chief executive. But what the new leadership mean for the economy . And what to look for in buying a piece of art. We get a few tips from the experts. Hello and welcome to Asia Business report. Im sharanjit leyl. A 1200 Strong Committee dominated by pro beijing executives have elected carrie lam as the new hong kong chief executive. She has promised to heal wounds over beijings industry. With a slowing economy in mainland china, she could be facing economic headwinds. I spoke with research at Peter Church At that the issues that will be at the top of her agenda. Peter church at that the issues that will be at the top of her agendam hong kong, the Affordability Question on housing has been a huge economic and political hot button in hong kong. And if you look at it rationally, it is really a supply it generated a problem. Hong kong has been producing less than half of the long term average supply of housing in the l
Julie they are considering raisin the stake in this company to 25 . Information. More i just wanted to bring you that headline initially as we get it read as the day goes on, things have gotten more negative. Initially, the read by economists was it was not as bad as it looked on the surface because Labor Participation had ticked up. Seasonally, we see september higher. That is not helping stocks. Stocks have continued to fall to their lows. You can see this on the oneweek chart. Today, stocks were dropping off. 9 10 for p is off weak. We are also watching the bond market. We have seen a muted reaction on the shorter end of the curve. Yields had briefly gone lower. The fed is on track to raising rates once more this year. Now we are going to get more details on that Deutsche Bank story. Written already had that some of the major shareholders and Deutsche Bank had been speaking with the bank about backstopping its liquidity issues. People are hearing from familiar with the plan who decl
Julie they are considering raisin the stake in this company to 25 . Information. More i just wanted to bring you that headline initially as we get it read as the day goes on, things have gotten more negative. Initially, the read by economists was it was not as bad as it looked on the surface because Labor Participation had ticked up. Seasonally, we see september higher. That is not helping stocks. Stocks have continued to fall to their lows. You can see this on the oneweek chart. Today, stocks were dropping off. 9 10 for p is off weak. We are also watching the bond market. We have seen a muted reaction on the shorter end of the curve. Yields had briefly gone lower. The fed is on track to raising rates once more this year. Now we are going to get more details on that Deutsche Bank story. Written already had that some of the major shareholders and Deutsche Bank had been speaking with the bank about backstopping its liquidity issues. People are hearing from familiar with the plan who decl