Heterodox economics when we pointed out that the phrase financial repression is just a euphemism for stealing and people say well its the deaths heterodox economics you dont say the c. And b. C. Or a. B. C. Or n. B. C. Or b. B. C. Because its not orthodox its not what all of the elite in the economist who go and get their doctorate from universes chicago is not what they think right now the heterodox are becoming mainstream because of this phrase called financial vandalism so people are out right under recognizing the fact that the policies of in the Interest Rate setting whether there are 0 or negative its about transferring wealth up its about moving trickle up financialization where the bulk of the economy is earnings go to the top 110th of one percent now i have often used the phrase financial terrorism that will probably become in vogue in the next 6 to 12 months weve said that we have a global empire of debt and. That is its currency its the us dollar since 1981 weve had no gold
Breaking into a Legislative Council building. They threw a chair against the door and tried to break it. It looks like they succeeded. Toy still want carrie lam resign. David the chief executive went to give a speech and it did not go so well. They are not very happy. Alix the Legislative Council issuing a red security alert according to local tv. These are protesters in hard hats. Staggering images when it comes to hong kong. David a lot of unrest. Alix we will be speaking on the ground to our reporter. She will be later on in the hour. In the markets, it is trade deal optimism. It looks like we will have the s p open at a record. How long can this risk on rally rally last . At one point did hit another record intraday low. And crude really popping up over 2 . But what does it say about demand . We will examine that over the next couple of hours. David we will look at the entire week ahead. At 10 00, we will have manufacturing numbers for the month of june. Tomorrow, u. S. Automakers
And Missile Development is a grave threat to peace and security in our world and it is unacceptable that others financially support this criminal rogue regime. Maria very latest this morning as reports suggest that north korea may test a Hydrogen Bomb in the Pacific Ocean to prove its power. Thats coming up. The news weighed on markets overnight. Take a look there. Averages down across the board, hang seng and hong kong down almost 1 . Japan nikkei average down a quarter of a percent. Markets here in the u. S. Looking like this. Futures indicating a lower opening for the broader averages, nasdaq down 10, fractional moves here nonetheless in negative column. Hurricane maria continues to ravage the caribbean this morning. Now near turks and caicos, more on the path and devastation left behind coming up. A race to the finish, senator Luther Strange squares off against roy moore as the two battle for highlycontested seat. President trump will travel to the state to campaign for strange. Vi
Though perhaps we could be seeing an Opposition Coalition as well. Chart, looking at this the biggest reflection has been the currency markets. Towardsd edging down 1. 27, session lows at the moment , 1. 7 percent fall back or that is the scene outside Jeremy Corbyns house. This is bloomberg. Haidi uncertainty in the u. K. , a Hung Parliament with conservatives falling short of a majority. Plunging theling most since january and raising doubts about negotiations with the european union. The u. K. Could be without a full functioning government 11 days before brexit talks are due to begin. Rishaad the questions are being the primet ministers future. She may not survive. This is our special coverage of the british election. I am Rishaad Salamat coming to from our asia headquarters in hong kong. In sydney. Haidi lun asia awaking to political turmoil. When will we learn . Trump, brexit, and now more Political Uncertainty, the range of outcomes is starting to narrow when it comes to what sor
Numbers from germany higher than atected, Business Confidence 115. 1, estimated 114. 5. Global stocks advancing. Nestle is the one we are watching. It did spark a rally in european dan loeb looking at the company. The other one im looking out for is intesa. Lets get straight to bloomberg first word news. The u. K. Prime minister due to meet the leader of dup. Also, theresa will publish details how she intends to protect European Union nationals living in britain. David davis has said that in said britain will fight any demands. Are secretary of tate says qat will find it difficult to meet demands from of the Rex Tillerson said they could be a basis for talks. The list of demands includes shutting al jazeera, cutting back ties with iran, and ending turkeys military presence. Pakistan, more than 150 killed after a tanker exploded. Officials said dozens more are in critical condition. Villagers had gathered to collect leaking fuel. The final round of election showed a resurgence in for fo