Infected well now south korean officials have announced that they will test all 215000 members of that church south koreas number of confirmed infections has risen to 893 the largest number outside of china meanwhile iran is claiming that only 12 people have died from the virus in that country that claimed though goes directly against a claim being made by a local leader in coom who says that as many as 50 people have actually died in that city alone this is a rons Deputy Health minister has confirmed that he too has contract in the corona virus and has quarantined himself listen. I wanted to inform you that i am were on a virus positive i had a fever initial tests turned out that of late. Myself you know since last night i was told a few minutes ago that it was. Well all of this as the World Health Organization is warning countries that the coronavirus is literally knocking at their door. And i said yeah unless they should get i mean i dont know about it out of my kitchen i was going
Questions in the senate. The strain of the trade war. We will bring you an exclusive with the company ceo. Lets see how things are shaping up in the early part of the asian session. Not much of a guide to what happened on wall street overnight. Sentiment down after a report that the trade deal between the u. S. And china may not decide at aipac after all and that kind of took a dent out of the s p after seeing earlier record highs. The asx just going online. We are seeing a flat start to the trading day. Flat to the downside. New zealand seeing upside. A mixed picture when it comes to asia futures. We have the nikkei looking lower and the kospi pretty much flat we are looking at a mildly positive open. Well. D decision week as we are expecting a cut this week when it comes to december. Not so much certainty. We are also on bank of japan watch as well. Lets get you the first word news with gritted. With ritika gupta. Ritika lebanons Prime Minister has resigned. Demonstrators were attack
225, things are moving. Bitets should have seen a of a better move to the downside given what futures contract suggestion. Suggesting. Aussie dollar, we are waiting for the next salvo in this trade war at the moment. I say currencies because there have been a few signs the Coalition Getting together in the u k to fight a hard. That has been brexit. 105. 77, up a fraction at thesehe dollar but levels, we have exporters feeling it. That is why a cap has been put on the topix. Stronger a onshore yuan, pretty flat. 7. 16 rmb for the dollar. Lets get the first word News Headlines with su keenan. Su we start with hong kongs bountyleader backing a program for identifying protesters who have perpetrated vandalism and defaced chinese flags and emblems. He posted a link on his Facebook Page to a website that promises a crowd funded reward and anonymity to potential tipsters. Is named after the moment on august 3 when a demonstrator through the chinese flag into hong kong harbor. On the corporate
Saying america is winning the trade with china but the u. S. Deficit is set to balloon to 1 trillion. Hong kong protesters mark one month since gang attacks on the subway. Wantswants beijing companies to toe the line. Shery lets get a quick check of the market close in the u. S. Stocks are higher but after paring back some of those earlier gains, every sector in the s p 500 was in the green. We had Consumer Discretionary and tech leading the way. Not to mention we had numbers out of retailers like lowes. We also had them from target. That helped with investor confidence. We had home depot showing signs that the second half would be strong. We had seen that rally. This is adding to the sentiment. At the same time, we have the fomc minutes. After that, the twoyear treasury yield rallying. And we have eight the yield curve and we have the yield curve inverting. S p active futures up. 2 . Lets see how we set up in asia. Sophie asian stocks brushing off the midweek fumble. Qantas and calls
The debate on a new deal divorce. Surged ning well discuss the outlook. Lets get started with a check of the markets close. U. S. Stocks finished near session highs. The s p 500 was up 7 10 of 1 . Every sector on the s p was in the green except for utilities. We have Energy Shares leading the gains. Stocky they u. S. Crude declined more than expected. The caveat volumes were low about 15 lower than average. The dollar at the moment Holding Steady after Steven Mnuchin said the u. S. Has no intention to intervene in the markets at the moment. Downfutures under pressure 2 10 of 1 . Lets see how we are setting up in asia. As you can see on the board, asia looks for a mixed open. Things are more muted than previous days. It looks like some gains may be reversing as it is open down. Markets are still waiting for the latest on the trade headlines and the unpredictable twists and turns. It looks that they are waiting for the september 1 deadline for the first round of staggered tariffs. To loo