A 1000 cars per week until mid 2020 so what do you think. I agree with i dont know initially theyre going to be delivering 15 cars by the end of the years we can say that he delivered cars in 2019 thats more of a publicity stunt than anything else but in reality initially must consider going to produce 3000 cars a week which is not possible and its not fully automated like he had stated they still need manpower which is really good because that means jobs but i think were not going to be talking about a 1000 units a week until youre right about the middle of the year we also have to remember we need sales and if theres no sales there then youre producing product that just sits and thats partly what temp and youre in the u. S. Where theres lots of vehicles sitting in different locations around the country you can look it up online which is a good surety Airforce Base and theyre just parked and thats not good you never want to build product thats not being sold youre better off having co
Lauren we come into year and these are some very Ambitious Goals that set for themselves and in the past houses performance didnt really give us any confidence and analysts now dont have any confidence in their execution for 2020 they predict that the shanghai factory probably wont be able to make model threes in high volumes many a 1000 cars per week until mid 2020 so what do you think. I agree with that i know initially theyre going to be delivering 15 cars by the end of the years we can say that he delivered cars in 2019 thats more of a publicity stunt than anything else but in reality initially one must consider going to produce 3000 cars a week which is not possible and its not fully automated like he had stated they still need manpower which is really good because it means jobs but i think were not going to be talking about a 1000 units a week until youre right about the middle of the year we also have to remember we need sales and if theres no sales there then youre producing a
She prepares his new years address. Is set to be ghosn in lebanon. One source tells us he fled japan ahead of a trial and financial misconduct charges. Markets in asia are winding down for the year. Australias equity market closes early this new year. Sophie has a final session how is the final session of the year looking . Sophie some pressure coming through. The aussie share market off 1. 2 , trimming the yeartodate gain but still set for the best year since 2009. Eminis little changed. Nikkei futures in singapore off by 1 and the bloomberg dollar index extending declines for a fourth straight session as the greenback is set for the Fourth Annual drop since 2010. Let switch out the board to check in on what markets are closed this new years eve. Indonesia, the philippines, and china closing along with south korea and japan entering a sixday new year holiday. We will be waiting to see whether we have yen like we saw earlier this year. Paul. Paul thanks very much, sophie. Breaking news
Sterling on the slide. Midreports Boris Johnson wants to outlaw an extension of the eu transition period raising the prospect of a harder brexit. Uk banks sell off despite getting getting a clean bill of health how much capital lenders must hold in their coughers a very warm welcome to street signs. Lets get to the top story the stock that has been in focus the last several months. That is boeing the companys biggest shut down more than two decades. It comes after the u. S. Federal Aviation Administration refused to clear the flight before 2020. Some 12,000 employees will keep their jobs as the plane maker focuses on delivering the aircraft the key competitor to boeing shares up 0. 15 on the back of this news. Looking at suppliers of boeing weve got senior shares down, safran lower the big reaction in regards to that news from boeing. Lets look at european sector players looking at these down. Rolls royce taking the biggest hit. Down 1. 7 . Another development in focus is the uk stress
Shery the bushfires rage on in australia with at least nine people known to have died. The Prime Minister says there is no direct link to climate change. Paul lets get straight to the Market Action with sophie in hong kong. We have the holidays upon us in tokyo. We are seeing stocks date after a threeday drop in the topix in nikkei. Flipping the board, checking in on bonds. I want to highlight tenured jgbs. , treasuries just opening on change right here with the 10 year yield. Bonds arechmark offering 5th street sessions. Aussie shares are sliding for a Third Straight session led lower by resource players. This morning. We are seeing gains for the korean benchmark. Yuan Holding Steady against the greenback. Shery lets discuss those numbers out of south korea because we saw experts in the first 20 days of september falling only 2 . Exports with china rose 5. 3 year on year. We had a little bit of weakness with chip exports falling 16. 7 . Also, imports falling only half a percent year o