Of harsh taxes on imports has been looming over american companies, especially carmakers. Donald trump has launched a series of attacks on twitter are making big us multinationals who import goods from abroad and sell them in america. In particular the President Elect has spoken out against Auto Companies manufacturing ca is against Auto Companies manufacturing cars a cross against Auto Companies manufacturing cars across the border. The north American Free trade deal allows vehicles to be sold duty free within the us, canada and mexico if they are at least 65 made in the block. Trump wants to rip up the agreement and Imposea Trump wants to rip up the agreement and impose a 35 border tax. In other news , shares of the japanese conglomerate toshiba are recovering by 2 after falling 5 earlier. That follows a report that japans Security Watchdog suspected the company of padding profits over the company of padding profits over the last three years by more than 400 million. A newspaper has
Now on bbc news, all the latest Business News live from singapore investors are loving it. Donald trump sells a 2 billion stake in his trainees operations. And we take a look at whether it will be smooth sailing or choppy waters for the Cruise Ship Industry in 2017. Good morning, asia. Hello, world. Im rico hizon. Welcome to Asia Business report. Its a tuesday. Glad you could join us. We start off with the fast food giant mcdonalds and its decision to sell a controlling stake in its business in china and hong kong, a sign of another company admitting they need help in this huge and unique market. In a 2 billion deal, the Chinese State owned Conglomerate Civic will take a sta ke. Owned Conglomerate Civic will take a stake. Coni group will take a 28 sta ke. Stake. Coni group will take a 28 stake. Mcdonalds will be holding on to the remaining 20 . Earlier, i spoke to someone and ask them if the sale is a good move for mcdonalds . This will help them a lot. If you look at how mcdonalds has
Good morning. Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Were coming to you for the final time from the World Economic forum in davos, switzerland. Our special guest this morning include former House Majority leader eric cantor, and ceo done bear, we will talk with them about the president ial inauguration in washington. In the next half hour, a conversation with mary erdos. What a week its been. Lots of reviews as well. I would say that while president elect donald trump is not here, the chinese president has been here. The new british Prime Minister has been here. Donald trump looms very large in all the conversations in davos. American ceos, american expoliticians are in high demand getting a lot of questions from some foreign counterparts about what to expect from a Trump Administration, from the markets, Foreign Policy. The uk chancellor, Phillip Hammond is speaking at the moment. Interesting comments he made about trump an
The mondayutes into trading session. Seen ishe strip we have continuing today. We have been on this long street without a move the s p 500 and longer if you look for a 1 drop in the s p. That continues today. We have a little bit of it downward i. S. Its down 1 10 of 1 . What weve been watching and the trend we have talking about regularly is the low volatility environment for u. S. Stocks in we have low correlation among u. S. Stocks. Take a look at the bloomberg. This is what we are watching here. The vix is in blue. We saw some spikes in volatility over the last year or so along with a measure of correlation. How much are they moving together in the s p 500 . It makes sense. Youve got both of them low at the same time because you dont have stock moving together. Its hard for risk to spike as they all go down. Thats a trend we are watching. I wanted to look at some of the big movers to the upanddown side. Thats a sharp contrast with the competitor. The sales are up by 11 last quarter
The decision by the 9th Circuit Court of appeals on thursday was unanimous. It said it wouldnt block a ruling from a lower court that suspended ban. They didnt present enough evidence to show that security concerns justify the order. They said the states challenging the order showed sufficient evidence about the damage it will cause. The ruling means the travel ban will remain suspended and people from the seven countries will still be permitted to enter the u. S. Trumps executive order also imposed a temporary ban on all refugees and a permanent ban on syrians. Following the decision trump told reporters at the white house that nations security is at stake and the legal battles isnt over. Its a political decision that well see them in court. I look forward to doing it. The case will likely head to the supreme court. Japanese Prime Minister shinzo abe will soon arrive in washington for a summit with donald trump. The meeting comes one week after a visit to japan by the new president s