Little point in continuing to talk. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im karina mitchell. This is bloomberg. Rishaad carrie lam with a lengthy policy address on wednesday. She laid out her vision for greater integration with the mainland. Benefiting from its proximity to the mainland and longstanding support, hong kongs Economic Development will be given new impetus. The key is to somehow open up the border with china, because we are part of china, and the homecoming hong kong economy was not just set for domestic consumption. It was really set for 1. 4 billion people across the border. In any case, most of the key Investment Decisions will be driven by how china is operating and the Big Companies in hong kong are all chinese oriented. So i dont really think a policy address will be of that much difference to investors as it might be elsewhere. Stephen engle has been covering
Elon musk unveiling his latest at an event last night retail wraps up a busy week as Worldwide Exchange begins right now. Good morning, happy friday and welcome to the show. Stock futures are moving slightly to the upside the dow moving up the longest losing streak. The s p seeing the longest losing streak since september. The dow is at risk of snapping its winning streak as future gains hold, the dow would open up by about 59 points and the s p by about seven points as well if you look at the 10year, we are slightly lower on the day, about 1. 755 twoyear about 1. 597 . Japan did finish off in the green up 0. 3 . China, you can see closing up as well a half of one percent main land china up 0. 2 . In the european trade, we are seeing a little mix there. German dax up 0. 25 . Those trade tensions continue to be front and center. Chinese president saying china wants to work for a trade deal but is not afraid to fight back. Our own eunice yoon is with us put those comments in context. It
Brian sullivan is reporting live for us from hong kong today. He will join us in a few moments. Behind me you can see the dows action from yesterday shedding more than 800 points for its fourth worst point drop on record, closing down by 3 or so after yesterdays historic move, here is how your money and the Global Markets are setting their day up today stock futures indicating the dow will open higher some stability brought to the markets. Interest rates are a huge part of that market story the dow jones up by 136 points we lost 0800 yesterday. Yesterday we saw the socalled inversion of the yield curve the twoyear treasury note and the tenyear treasury note yields, this means shortterm bond rates are now paying more than longterm bonds, historically this is considered a possible recession warning sign and new overnight, the yield on the 30year treasury, the long bond in the United States, dropped below 2 for the first time ever. You can see right now currently 2. 016 that move lower, a
Polluting companies. The separatist leader has been summoned to court on suspicion of sedition, which could see him jailed for 30 years. Hes currently in brussels saying he wants to plead catalonias case to e. U. Leaders. He said he would only return to spain madrid guarantees him a fair trial. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. ,ake a look now at the markets trading just getting underway in hong kong and china. The markets generally starting the month on a positive note, and a look at tokyo, sydney, and singapore. This is bloomberg. Im emily chang in this is bloomberg technology. A deep dive on facebook, google, and twitter, testimony in washington. Each tech giant answer questions on what general called the National Security question of the 21st century. Plus apple and qualcomms legal battle takes another nasty turn. We consider the beef from both sides and the implications for future iphones
Watershed moment. Welcome to our viewers in the u. S. And around the world. Youre watching cnns newsroom. Im natalie alan. A space ship crashed friday in Southern California. Bransons company says the experimental spaceship 2 suffered a serious in flight anomaly breaking apart high above the mohave dessert. It had just separated from the plane that carried it up 15,000 meters on the test flight. One pilot who was killed, the other who managed to parachute to the ground was seriously injured. Ceo George Whiteside said they are very sad. Space is hard and today was a tough day. Future rests in many ways on hard, hard days like this, but we believe we owe it to the folks who were flying these vehicles as well as the folks who have been working so hard on them to understand this and move forward, which is what well do. Virgin galactic founder said weve always known the road to space is extremely difficult and everything Transportation System has to do with bad days early in their history.