To u. S. Drug companies. Reinvention as a business overhaul aimed at raising over 2 billion a year through 2022 sent shares higher. And a bitter taste as the hong kong protests hit congac sales and damage first half results. Good morning, everybody. Welcome to street signs. Happy thanksgiving for those of you who are celebrating. Were obviously not celebrating because were here in the studio bringing you the latest on the market action. To recap wall street yesterday we saw record highs for the major eking out gains despite a holiday weekend. We had u. S. Data yesterday, higher gdp numbers coming in at 2. 1 versus 4. 9 also improvement in chicago pmi. So all in all the picture was a little bit better for the data yesterday coming out of the u. S. But one of the major developments overnight was the news that President Trump has indeed signed legislation that passes into law u. S. Support for hong kong protesters that has not been well received by china. And, in fact, the tit for tat sho
Im melissa chan youre watching d. W. News asia thank you for joining us a group of indian journalists lawyers and academics are demanding answers from their government after their phones were hacked as part of a massive surveillance scandal it comes after whats happened to the Rights Groups citizen lab informed the victims they had been targeted using a software called pegasus one of the most sophisticated spying tools we know of in the world the use of pegasus has also been detected among other Asian Countries including pakistan bangladesh and thailand the hackers got access by calling the targets phone through whatsapp that move actually launches the spyware heres how one Senior Researcher described the result. Becomes a spy. Camera the microphone Text Messages anything else on the phone or are susceptible to monitor. And if so the Israeli Company that created the pegasus Surveillance Program says it only sells to governments leading many to point the finger at Prime Minister Narendr
Spend its way to competitiveness. And speaking of competitiveness thats hard to achieve without next generation connectivity but can germany trust chinas one way to help build its 5 g. Infrastructure. This is the way of business im joined now the milan in berlin welcome and its a rough ride for that stock tumbles to a historic low thats after a stock lock up period expired allowing early investors and employees to sell their shares analysts say that means 80 percent of all issued shares could now hit the market the ride ailing company went public in may in a bumpy i. P. O. And is still struggling to win over investors despite increasing sales losses remain astronomical they amounted to 1200000000. 00 in the 3rd quarter the big question on peoples minds remains whether the company will ever make a profit. He joins us now from wall street so yes not exactly a vote of confidence from the market there what does this tell us about where investors think heading. Clearly a troubled waters for
Republic. Also coming up lebanon is not on the verge of bankruptcy he says the countrys Central Bank Governor but protests continue anyway. And people in australia are dancing in the streets because it is finally raining. I want to get johns and this is the you business welcome. Asian stocks have risen slightly after signs that the United States and china may be inching closer to a trade deal shares in tokyo shanghai and hong kong all made modest gains after the Financial Times reported that washington was mulling a plan to roll back an levies on 112000000000. 00 worth of chinese imports that followed a solid performance on wall street where investors were a boy to buy strong u. S. Jobs data. Meanwhile french president a man where marco has delivered a vigorous defense of free trade the opening. An import fair in shanghai on tuesday he said current trade tensions between major countries are hurting the Global Economy mccaw is leading a European Business delegation keen to strike lucrat
Blairs after the fall of the berlin wall nov 9th to topple. The for. The end of the lock up period marks the start of a major selloff friday heeling absolute versus that shares driven down to a record low as early investors from both to shut their stock. Also on the shelf germany of Economic Council terms its growth forecast and insists the country should spend its. Later competitiveness. And speaking of competitiveness thats hard to achieve without next generation connectivity but can germany trust chinas one way to help build its 5 g. Infrastructure. This is the way of business im joined now the milan in berlin welcome and its a rough ride for her as its stock tumbles to a historic low thats after a stock lockup period expired allowing early investors and employees to sell their shares analysts say that means 80 percent of all issue chairs could now hit the market the right ailing company went public in may in a bumpy i. P. O. And guber is still struggling to win over investors despi