A new Tipping Point in this trade war and that Tipping Point is hong kong and we talked about the importance of this legislation but is this really a position that both sides want to pin all of their trade hopes on was certainly for the u. S. I think hong kong was a very important card to play and it was a way for trying to exert maximum leverage either sign phase one of the deal or i will sign off on the legislation that obviously has not worked and in fact backfired on china because china is clearly trying to separate the 2 issues one saying this is a political move and were talking trade these are 2 separate issues and we should try to keep them separate and so thats why they sanction the u. S. Vessels which clearly doesnt really have any effect at all whether no effect on trade no effect on Economic Activities the u. S. Ports and vessels can just clearly dock anywhere else in the philippines singapore australia anywhere else so really has no effect is more so a reputational thing s
Stalling further trade talks china has now hit back at the u. S. By suspending visits of u. S. Military vessels and aircraft to the city and sanctioning various u. S. Based n. G. O. S this is a calculated way to retaliate without affecting ongoing training goshi asians among the groups to be subject to unspecified sanctions are the National Endowment for democracy which receives funding directly from congress and Human Rights Watch which has long been plagued by accusation of its Revolving Doors and deep ties to u. S. Government these groups have been accused of fueling the riots in hong kong and supporting separatist activities and thereby undermining chinas National Sovereignty and security kristie i actually have a couple questions for you on this it seems like were getting a new Tipping Point in this trade war and that Tipping Point is hong kong and we talked about the importance of this legislation but is this really a position that both sides want to pin all of their trade hopes
This is how it looks at the moment. Nikkei feeling it at the moment although there is a deal on trade between the u. S. And japan. Nevertheless nikkei still 2. 2 percent down. Asx also feeling its. All in the red. Everything is negative as far as the market goes. Where is the money going . Lets have a look at what is going on. On top of that the u. S. 30 year. Gold up. At levels not seen since 2013 or thereabouts. 54 accounts. At one stage yen was at 144. 45 against the dollar. We have recovered a bit, 105. 24. There are all sorts of resistance. There we go. To the downside. 97, 51 for dollar, 30 yield 9. 81 . Money ise is where the going as people seek safety. Whats move things along and look at the first word news with selina wang. Macau has chosen a pro China Businessman as its new leader after a political process that featured no other candidates. Hell be the third leader since he territory was handed back to china in 1999 after more than four centuries of rule by portugal. Unlike
Protests as police used Water Cannons for the first time. Manus welcome to daybreak europe. Ae question, are we just on staging post, all out 25 tariffs . Morgan stanley warned of a meaningful risk in the trade war of escalation and a risk of a global recession. If we move to 25 percent on all imports and it sticks. That is the new level of conversation. Escalation risk. Nejra extraordinary times. One trader talking about the fact that President Trump can wreak havoc in ways no one ever thought of. Weird would be one definition of it. Dollaryen, we have already traded through that. Dollaryen is the very personification of where you would want to lean in to. Yen againstlook at the lira. Demolition derby. The chinese vice premier, willing to solve the trade problem by dialogue and calm attitudes. You wantnt think that to buy treasuries at the lowest level since 2016, where might you put your money . Gold, the highest level in six years. Etfs sucking in the money. Have a look at your s p
Ahead to the last of chinas big angst to publish results. Two years after taking the wheel, ubers Dara Khosrowshahi rates his performance so far. We have an exclusive interview. Kathleen all it takes is a little trade war optimism to carry us over the stock market. Look what happened stocks closing higher across the board in the u. S. Today. The s p 500 approaching a threeweek high. Not a big market, but still a move in the right direction for most people. The dow gaining 1. 25 . , wasasdaq, of course, tech really helped by this optimism on trade. Take industrials led the way. Ech industrials led the way 10 of 11 sectors closed higher today. The only one that did not was staples. The answer could be that when the trade war showed signs of moving forward, especially after Chinese Government official who spoke to the Commerce Department said were not opens are now about putting more tariffs on the u. S. And retaliating, lets Start Talking about taking the tariffs off, that is what got th