A good Tuesday Morning and a happy fourth of july to you all. Im diane macedo. And im nick watt. We begin with another provocative act by north korea just days before a major meeting of World Leaders. Just hours ago north korea launched its tenth missile this year, but this one is a bit different. It could be capable of reaching alaska. Abcs emily rau joins us now from washington with the latest. Emily, good morning. What do we know so far . Reporter good morning, diane and nick. Well, u. S. Officials say this missile did not pose a threat to north america at any time but this is a big step. North korea claiming this as its first Intercontinental Ballistic Missile potentially pushing closer to the goal of reaching american soil. [ speaking a Foreign Language ] reporter the latest Missile Launch from north korea, an act of defiance from dictator kim jongun. President trump tweeting, does this guy have anything better to do with his life then going on to suggest china could take action a
U. S. Officials say it landed in the sea of japan. It could be the most successful yet and given the potential range to reach alaska, it sends another message to washington. President trump tweeting north korea Just Launched another missile. Hard to believe japan will put up with this much longer. Perhaps china will end this once and for all. This isnt the first time north korea has tested missiles on the fourth of july. The last time they did this was in 2009 when they fired seven short range missiles into the sea of japan. Today is a string of missile tests that they have conducted this year. Its their 11th one this year. Like most other tests it seems to be designed to have the maximum Geopolitical Impact just after President Trump spoke with leaders of south korea and japan about how to curb north korea and ahead of the g20 meeting later this week. According to u. S. Pacific command it was a land based missile that was fired. Japanese Officials Say the missile may have landed in wa
A good Tuesday Morning and a happy fourth of july to you all. Im diane macedo. And im nick watt. We begin with another provocative act by north korea days before a major meeting of world leaders. Hours ago they launched its tenth missile this year. But this one is a bit different. It could be capable of reaching alaska. Abcs emily rau joins us now from washington with the latest. Emily, good morning. What do we know so far. Reporter this missile did not pose a threat to north america at any time but this is a big step. North korea claiming this as its first Intercontinental Ballistic Missile potentially pushing closer to the goal of reaching american soil. The latest Missile Launch from north korea, an act of defiance from dictator kim jongun. President trump tweeting deposit this guy have anything better to do with his life and going on to suggest china could take action and end this nonsense once and for all. Speaking to reporters in tokyo, japanese Prime Minister shinzo abe says he
We have world coverage here on daybreak asia, we will be live in seoul for an update on the north korea missile test fallout. Betty and we go to detroit for is announcement that volvo going electric in 2019. This is daybreak asia, live york andmbergs new asia headquarters. I am in new york, it is after 7 00 p. M. Yvonne and it is just after 7 00 a. M. Here in hong kong. Lots to talk about. Much from president xi and chancellor merkel. But we are focusing on the fmoc minutes. A divided fmoc when it comes to the Balance Sheet timing. Betty absolutely, the timing is key. A lot was propelled by confusion or what is confounding fed officials, and economists everywhere, which is, where is inflation in the u. S. , despite seeing lower Unemployment Rate numbers . We are almost nearer full unemployment in the u. S. , yet no inflation. That is complicating the feds direct timing. Coming back from a long weekend, we saw the markets at first it dipped then they rallied with tech shares. We will go
Exports. Up 9 from a month earlier. April, that is what got hammered in the april trade numbers, mainly as fallout from cyclone that the with shipments so in some respects, this positive number is a return to normal. Imports rising 1 from a month earlier, but not enough to drag back these impressive trade numbers, the aussie dollar popped reasonably well. Good timing as we head into the g20, how positive the global trade environment is. I was looking at this chart and want to talk more about it. Is such and coal china story for australia. It is. That blue line on the chart is the price pulling back. These trade figures while impressive are backward looking to make. There is a bloomberg story looking at global ports data that show coal shipments have declined 14 from their peak, so these impressive trade numbers may not be sustainable. It will be interesting to see what is coming up ahead. Expectations for more volatility as we get the restructuring and chinese steel. Thank you for that