Into the second session of the legislative council, which means at the end of that period, the bill, for all intents and purposes, will not be revived. But she never said it was dead. Shes been under pressure to actually withdraw the bill completely, to take it out of the process altogether, and shes refused to do that. I mayhes saying is, if put my interpretation on it, shes saying for all intents and purposes, the bill is dead. I will not revive it. Shes using that wording to say the bill is dead. That is why we are saying, is the bill dead . Well, yes it is, for all intents and purposes, but not withdrawn. I would find it very unlikely that any of the protesters find this to be a satisfactory way of dealing with it. They still want to see it withdrawn and she refuses to do that. I suspect it is a matter of face. , thee even last week protesters rejected meetings with her. David tweed, thank you for that update. David tweed joining us in hong kong. I mentioned how things are looking
President moon says they may be forced to retaliate. Deutsche bank swings the ax from asia to america, the savings latest turnaround plan fails to impress the market. Shery later in Bloomberg Technology global link, samsung being stung by japans new restrictions on tech. Saysll be joined who problems in the electronic industry goes much deeper. Lets get you started on the quick check of the monday close in the u. S. The s p 500 fell for the second consecutive session. Health and tech stocks as some of the big decliners. Apple falling more than 2 on the downgrade, but german manufacturer besf falling after they cut their outlook. Overall, we felt he lingering impact of the strong u. S. Jobs data that we got last week. That really clouding the outlook for fed rate cuts. Investors pretty much focused on what chair powell will stay in Congress Later this week. Meantime, we also saw a big gain for energy stocks. Wti gaining ground on rising geopolitical tensions. U. S. Futures not doing muc
Spotlight later. The japan and korea spat rambling on. They may be forced to retaliate. The latest plan fails to impress. Started withget us a quick check of the markets. Health care tech are some of the biggest decliners. Individual movers like apple being downgraded. Falling after they cut their outlook. We have lingering effects from the data that we saw last week. Had one sector that gained ground, the energy sector. Also rising with geopolitical tensions. Ups see how we are shaping for the markets. Sophie this tuesday, kiwi stocks are up about. 4 . This after mondays broad selloff from a two month high from mumbai to shanghai. Drop since may. Likely crossing their fingers that they can resolve the trade spat. In sydney might rebound a. Ouch with commodity moves oil is under pressure. Rising volatility. We are watching the jump in iron or prices. , we have the today policy decision and india earnings season kicks off. Thank you very much. Lets check on the first word news. U. S. St
Next few days, sending sterling to a high. And kim jongun declares north korea a Nuclear Power after the latest test proves the weapon can reach anywhere in the u. S. I can only tell you we will take care of it. We have general mattis in the room with us we have had a long discussion on it is a situation we will handle good morning yes, youre watching street signs. Glad youre with us once again what were witnessing one hour into the trading session is a fairly strong rally when it comes to the banking stockses. I do want to tell you what the banks are doing, theyre on track for the best day in two months we have the european banking index on a tear. This is on the back of comments coming from the fed chair jom , nominee, jay powell. We have progress when it comes also to the tax bill all of this is positive for the u. S. Banking sector which had a spectacular day yesterday, up by 2. 6 the best single day performance since early march on the back of those comments from mr. Powell were s
Now a fully fledged Nuclear Power after its latest Missile Launch will go to our correspondent in seoul also coming out. Giving would be migrants hope at home if they see a future for themselves there perhaps they will make the dangerous journey to europe that is at the heart of the summit between leaders of the e. U. And the African Union. And here in berlin the action moves today to the president ial palace as negotiations take place to form a new Coalition Government president steinmeier is hosting talks between the chancellor and the leader of the social democrats. Im brian thomas thanks so much for being with us the United States has warned north koreas leaders that they will be utterly destroyed should tensions over the countrys Weapons Program break out into war north korean state media claiming this photo shows pyongyangs latest missile test launch two days ago observers say it was north koreas most advanced Intercontinental Ballistic Missile to date and at this rocket can hit