Sterling in just a few minutes. And of course, the u. K. As well, where weve seen quite a volatile quite a lot of volatility. A little more than we expect it for labor turnover, 7. 2 6 7. 26on billiard million. Now for the extrusive interview. Kathleen i want to welcome our bloomberg audience for this interview with Robert Kaplan, president of the Federal Reserve bank of dallas. It is a windy, rainy day. Clyde you could make it over here. Interesting because you made it clear you are a voter next year. Lets put that on the table. Youve made it clear you are one of the 13 fomc members. You must be one of the dots that sees no rate cuts, no rate hikes unless something happens in 2020. What has to happen . Robert there has to be a Material Change in the outlook, either for better or worse. Ive already got baked into my outlook, we are going to have weak manufacturing next year, sluggish growth, pretty sluggish Business Investment, but with a strong consumer. There would have to be some Ma
Program could the unrest in hong kong be the undoing of progress towards a u. S. China trade deal well beijing has responded furiously to a u. S. Vote calling for democracy in hong kong the communist government said it would do whatever was needed to safeguard its rule over the territory this after the senate in washington unanimously passed legislation aimed at protecting human rights in hong kong and threatening to revoke the characters special trade privileges with the United States in the event of noncompliance shares ended wednesday morning in the red index slipped 6 tenths of a percent. Well for more lets cross over to our correspondent hanging in taipei so the turmoil in hong kong has already tipped did interest session are there any estimates to what a protracted unrest is likely to do to hong kongs economy. Or just as you mentioned the u. S. Senate just passed the legislation to protect human rights in Hong Kong Well if the bill is finally passed then it would lead to Hong Kon
Oil will continue to rise and thats. Welcome to do business. With us the United Nations says the u. S. China trade war is harming both of the Worlds Largest economies a report by the un conference and trade and development suggests that consumers in america bearing the brunt of higher tariffs on chinese goods calling the trade war a lose lose situation the report comes us washington says americas trade deficit is actually rising. Us President Donald Trump talks a good talk about reducing americas dependence on foreign products but the latest report from the u. S. Commerce Department Says americas trade deficit is higher now than a year ago on an annualized basis and that demand for foreign products has actually been rising under trouble whats more the u. N. Conference on trade and development in geneva says both china and the u. S. Are losing their trade war. Washingtons trade war with china continues to draw fire from other quarters as well. Theres a lot of people who have frustration
Keep learning merged reality wait a 2nd we want to hold a show called facts instead of make ideas shift delivered. From the reality to cryptocurrency to your topics for live in an ever changing Digital World lets start with the lies ations. On t. W. What is africa doing to fight Climate Change the climate chances summit africa 29000 kicks off today in ghana we go live to our correspondent in akra for more also coming up how a new app is helping to find abandoned and fertile fields for farmers in ivory coast and 10 years after spains real estate crisis thousands take to the streets in madrid demanding higher state pensions. Come to do your business africa. Good to have you with us delegates from across Subsaharan Africa are in ghana as capital to tackle Climate Change a conference of the covenant of mayors and Subsaharan Africa aims to develop a long term vision to tackle access to Energy Climate mitigation and client out adaptation at a local level a conference of showcasing key achiev
Youl uber, spotify is testing new lows stephanie we were just talking before we got started this market has to give you a little bit of whiplash. Were up for a second straight day but hold your breath maybe things will change tomorrow. You cant get obsessed with it you have to either have to be a long Term Investor or day trade. Very difficult at this point look trade is obsessing everyone i cant wait for earnings. Im super excited to talk about banks. Im watching technology today. Technology is 26 of the s p 500 waiting. We have gotten a couple of surveys in the last couple of days that suggest i. T. Spending is slowly. 4 this year, 3. 4 next year you have to start to be more selective in technology. Again, a big component of the s p. I still think you want to be in semis, cloud and security. You want to be very specific on software and hardware. We had a lot of calls cash coming after the close last night two days in a row of gains and almost all sectors positive both days so within