Means a fed hike moving to the back burner. We have the numbers from the latest Hong Kong Survey and discuss the implications of tokyos election results. A terrible outcome for the Prime Minister. Tensions in north asia as north korea continues to worry leaders around the world. We will get an update from beijing on the latest. This is Bloomberg Markets asia. I am betty liu here in new york. It is just after 7 00 a. M. In hong kong. Busy monday in asia with president xi jinping delivering that 20th Anniversary Gift hong kong, right . The bond connects set to launch this morning. We are expecting a ceremony at 9 00 in hong kong. Also, japan as well, a major setback for Prime Minister shinzo of days party shinzo abes party. We are looking at manufacturing a sectors and how they fared. The Manufacturing Sector has probably done pretty well in japan. Exceptingght, msci china ashares, and now the bond things, so it looks like are on fire there in china. We will see how things go. Setting up
Manufacturers up for a Third Straight quarter as exports drive expansion. Haidi chinas latest hong kong connect starts today, giving overseas investors access to the 10 trillion debt market. Beijing taking aim at washington after the pentagon sent theyve or shipment to disputed waters. Half an hour away from bond connect. The whole idea is to connect the world through hong kong, sending the northbound traffic to this 10 trillion bond market, corporate and sovereign as well, in china itself. What do we have . The idea is we have this big premium over china debt over u. S. 10 year debt, and hoping this will create demand, pushing yields down as we see that you cap balloon gap balloon. Of 120 five basis points difference between what you get in terms of yield in the u. S. Compared with china. Thats right. We are looking for the onshore rate as well as the dim sum bond and forstart never ring the chinese bond premium to start normalizing as well, closely correlated to money market rates. W
Amazon raises cash to pay for whole foods. Goldman sachs takes a game to silicon valley, roosting storage for top tech talent. Betty this is daybreak asia, live from bloombergs u. S. And asia headquarters. I am betty liu, it is just after 7 00 p. M. In new york. After 7 00 a. M. Here in hong kong. I am shery ahn. Volatility falling, the japanese yen, and gold retreating this week. It looks like geopolitical tensions over north korea are waning. But political tensions in the u. S. Are on the rise. Betty you could not see that reflected in the equity markets by any means. That turmoil you are seeing engulfing the president and throughout the country, largely shrugged off by the equity markets. Certainly no rally like we saw the day before. We had markets closing unchanged. Ingestrs still trying to all the news and the impact at my it might have on business and the economy. Shery that Economic Data out of the u. S. Good july retail sales, that probably helped. Lets look at the markets in
That is what we have up the moment. They are likely to restore the ideological balance. It was left a vacancy and hasnt been filled yet. Have a republican appointee with a decades long record on the federal bench. Just waiting at the moment for what is going on there in formerly of breitbart news, talking to a colleague there. This is what we have as we await donald trump to get to the lectern to announce his Supreme Court nominee. Repeat, the two names are neil gore such of denver and thomas hardeman. People are standing up. One can assume that donald trump is approaching the lectern. President trump thank you. Thank you very much. Thank you. Thank you very much, ladies and gentlemen. When Justice Scalia passed away suddenly last february, i made a promise to the American People. If i were elected president , i would find the very best judge in the country for the Supreme Court. I promised to select someone that respects our laws and is representative of our constitution and who loves
For starting the process to leave the eu. Now on bbc news, all the latest Business News live from singapore a new chap at one of indias Biggest Companies as the new boss takes over, ending a bitterfeud. And may the force be with your wallet. Why pa rents the force be with your wallet. Why parents in asia are spending so much a Birthday Parties like this. It is tuesday. Glad you could join us for this edition of Asia Business report. Im rico hizon. The new Tata Group Chairman takes up office today, ending one of indias most public boardroom spats. A bitter feud was sparked with its predecessor, when he was fired last year. Tata owns more than 100 companies and is one of the oldest businesses in the country. So what are the top issues waiting for the new boss . Seeking divine help, this man is all set to lead one of indias oldest businesses, the tata group. He is the first person out of indias community to be appointed to the post. After an acrimonious stand off with its previous chairma