Unlimited leave as the company navigates a wave of scandals and criticism. We have world coverage here on daybreak asia. We go to beijing for the latest on why a chairman is stepping down. Stateside, we are focusing on washington in the reaction to the allday testimony by the attorney general. This is daybreak asia, live and asianbergs u. S. Headquarters. I am betty liu in new york, it is after 7 00 p. M. Yvonne it is after 7 00 a. M. Here in hong kong. I am yvonne man. South korea, the unemployment picture from a looking better than expected, 3. 6 . The estimate was for 3. 9 . Labor market playing through than the previous month of 4 unemployment. We continue to see signs of healing and south korea. The government has proposed an jobs budget to help boost and income. Hopefully that will help with the youth unemployment factor. Economists have raised estimates for growth to 2. 7 . We will see how korea reacts in an hours time. Lets look at the state of play in asia. It looking better t
Airport. Only six people survived a crash. The Un Security Council voted to tighten sanctions in response to the sixthlargest nuclear test in december. Diplomats calling it a significant step forward. Currencyions target revenues by placing a cap on coal exports cutting them by at least 62 . Global news way four hours a day powered by. 200 journal journalists and analysts. Live from bloomberg World Headquarters in new york, i am scarlet fu. Joe 30 minutes from trading. The question is, what did you miss . Crude oil trading the highest and nine months after opec oils, the cartels first output in eight years. In hollywood, and expected to be named Donald Trumps treasury secretary, without any government experience. Supermarkets are facing what could be called a price war. E dig into food deflation the numbers dont lie. Lets get it started as we had close. The Abigail Doolittle is standing by. Abigail mixed trading heading to the close. Still on pace for a record close. Surprisingly, what
Hanjin seeking to stop vessels from being stranded. Let us know what you think of our top stories. Straight to the markets. Hong kong getting underway in half an hour. Goinglumpur just getting on tuesday morning. Labor day currently in new york. David when you look at the basically next. This is what asia is looking like. Lets talk about europe. Flat fat slightly lower. Just above water there. Ftse 100 down. Asiapacific, what we have seen has been a kickoff when it comes to japan. Have a look at new zealand and south korea. Volumes are flat. Of korea just comes down to the turnover because of the surge in trade in hanjin shipping. Korean air and all the related companies in that trade. Taiwan out with Inflation Numbers, missing expectations. Just over half of 1 for august. It is much higher. No clear direction for asian markets. Have a look at currencies. The dollar is up a little bit at the moment. Europe butsession in a bit quiet when asia started. He dollar to yen, backup as you can
That has been seeing some pretty wild swings. Analysts saying we are seeing a little bit of profit taking when it comes to japanese markets. Uncertainty over how long this rally can last. Having said that, malaysia is in the green after early declines. Kong stocks extending gains as trading gets underway, up by 6 10 of 1 . Singapore in the red. The disappointing numbers, domestic exports dropping close to 10 , far worse than what we expected. The oil and gas space is suffering the most today. One andtor is down by 7 10 of 1 . The asiapacific gauge down by 3 10 of 1 . We spoke about some of the biggest movers today. Softbank is moving up for a second day. Exuberance,of that the Share Buyback plan. We talked about woodside. Dominos pizza, better than expected results. That is one of the movers to the upside in sydney. The peoples bank of china weakening by the most since january 7, so we are seeing some weakness when it comes to growth on short and offshore. This is the offshore yen. Wea
Today, which is the chief reason why the average has turned tail after an initially positive showing. The dow dropping 70 points. S p shrinking. Nasdaq chilimbing 0. 05 . You know i want to make everybody the largest amount of money. If its legal and it turns a profit, its got my blessing. So if windstream, a super highyielding Telecommunications Company gets a private ruling from the irs that it can spin off assets into a Real Estate Investment trust and create instant value for you, im thrilled. Thats just what happened today. If centurylink and frontier communications, two companies very similar to windstream go from that idea, take advantage of the tax code goodies, more power to them. Those are real gains that you got today, big ones. And i think such that kind of Financial Engineering and ingenuity, im saying great, guys. I hope verizon and at t rethink and say they should do it. I think the Cable Companies should look it at it. Now, if i were a politician, id do everything in my