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
Tyler mathisen. Good to see you, bill. A block to the deal. The Justice Department will file a lawsuit to block at ts takeover of time warner. The move creates a major blow to the companies, who together would have create add media and telecom empire. When first reports surfaced, shares of time warner fell while at t finished the day higher, but the story is far from over. Julia boorstin has the report tonight. If the Justice Department is suing. Saying it would mean higher monthly television bills and fewer emerging innovative options. The department of justice has not gotten any state attorneys genera at t is planning to fight this suit. The general counsel and vp, saying the lawsuit is a radical and inexplicable departure from decades of precedent. Vertical mergers like this one is mutua approved, because they benefit consumers without removing any competitor from the market. Next um, at t and time warner will ask the court to schedule a hearing on the department of justices claims
Inversion. They would operate as a standalone brand. Two points on the burger king deal, even though it is an inversion, this deal likely a little bit more like a real deal in terms of strategic merit, both in terms that 50 of the company would be based in canada. There are reasons to keep it there, but more importantly from a 3g perspective, the guys that own burger king, we saw what they have done with inbev and heinz. This is sort of their approach at taking a Restaurant Company and using it as a platform to buy a lot more. I would argue to everybody that this is just the beginning. We should see the transaction cross the tape later this week, probably tuesday more likely wednesday. Well talk more about that in a moment, but for now well send it over to michelle. Im dying to talk burgers and donuts. I think it has more to do with fries. They finally said, you know what . The fry situation, the fry problem was too big for us at burger king. Youre right. Tim hortons has a track record
In what may be the quietest day in the quietest year, or the quietest week of the year. And im sure people will be skeptical about it for exactly that reason. Nevertheless, its interesting to sit here. I remember when we had our dow 11,000 hats, we had repurposed one of those and here we are dow 17,000 and change and s p 2,000. Well, the top sector since the s p hit 1,000 back in 1998 is energy. Ah. In an hour of fast facts about the market, thats one. Yes, and they will be flying, so stay tuned. We will keep them coming. And if Atlantic City is dying, why is the borgata firing on all cylinders . Were also going to be speaking with boyd gamings ceo, keith smith. Thats the Parent Company of borgata, about what hes doing right and why others cant seem to catch on. And the king takes on the president. Burger king defying president obamas call for economic patriotism, pursuing an inversion deal with canadian coffee and doughnut chain tim hortons. Wall street seems to love it, the deal send
The big impact on borrowers Mental Health and help creditors recoup their money. Its late and cold complaints from rafa nadal, but hes through to the semifinals of the french open. Nadal could equal Roger Federers record of 20 grand slams at Roland Garros after finishing his match at 1. 30 in the morning. Good morning. Showers across northern and Western Areas but for most, a dry day with sunshine. However, cloud will thicken and rain will arrive in the south later and the wind will strengthen across southern areas. Its wednesday the 7th of october. Our top story. Scotlands first minister, Nicola Sturgeon, is to announce new measures to try to control growing numbers of coronavirus cases. Its understood there could be further restrictions on hospitality and local travel. Our scotland correspondent, james shaw, reports. The Scottish Government has not said exactly which sectors will be affected by new restrictions. There have been hints hospitality is one area which is being looked at.