Central Bank Governors a, the boj will reexamine prices and the economy at its october meeting after holding rates. There was a bank of england decision today and is nordisk bank the first hock standing hawk standing . Matt a lot of headlines last night out of the fed. First diving and then recovering, although not setting new highs again on the s p 500. Nejra i did find it interesting because yesterdays meeting and the press conference engender debate. I said it hawkish cut with a question in my voice because i am not sure it was hawkish. He saw division on the fomc but te tuesday 10 curve twos ns, but the equity market is key, as well, perhaps signaling something more balanced. And we almost got a whatever it takes moment from powell during the presser. Policymakers lowered their main Interest Rate for a second time chairman powell saying moderate policy moves should be sufficient to sustain the u. S. Expansion. The overarching story was one of division on the fomc with updated quart
China by paralyzing its biggest financial hub. Yet hong kong doesnt care the way that used to industrial mainland cities like want joe and shun journ now rival its economic output. But hong kong separate legal and Financial Systems offer something those cities dont protection from beijings reach for chinese political elites in need of sheltering cash thats no small consideration Financial Reporting in hong kong suggests that almost 60 percent of the 550000000000. 00 in Hong Kong Financial trusts comes from local and chinese sources that means party elites in china have other interests in hong kong besides the economy and that in turn could help shape beijings response to the ongoing protests. And the author of that paper is under have been there she is with the Global Public policy institute in berlin and joins me in the studio. So youre right you say that chinas elite will prevent the Chinese Government from removing Hong Kong Special status what exactly have you found and how odd how
Copper, all getting caught up in this risk off seer. Time for Global Exchange where we bring you market moving news. From hong kong is reporter ian marlowe. From london is emma chandra. From new york and miami. Over the weekend, you had protests continuing in hong kong. However, china is seeing some positive signs the hong kong and Macau Affairs said a consensus has emerged to put an end to violence and chaos. Positive changes are emerging in hong kong, most importantly, putting an end to violence and chaos has well as restoring the order has become the strongest and broodest consensus of the hong kong society. Alix we welcome marlowe ian. Is that true or is that violence a reality . Yeah, i think its a bit of both. The violence over the weekend is certainly something that transfixed the city. You had a huge roadblock that was set on fire throwing molotov cocktails. And monday and tuesday, we had a little bit of comments coming from both the hong kong local government and today from Be
Page. Boris johnson will suspend parliament next month to limit debate on a no deal divorce. Joining chinas internet leaders to discuss the future of Artificial Intelligence. This trip threatens to annoy President Trump. Marketset a check of and how they closed at the end of the u. S. Session. The dow adding 258. 12 s p 500 was down. 7 . Everyone was in the green except for utilities. Energy shares beating utilities. The u. S. For more than expected. The volatility was low. Not volatility, but volume. Trading was around 15 below average. And lets look at how we are setting up in asia. Nexta we are set for a open in asia. We are waiting for the latest on the trade headlines as investors are held captive. But we did get positive news that chinese negotiators are talks. D to come for it looks like nikkei futures will open a bit lower, down about. 1 right now. That is going to be reversing the gains of two Straight Days. Futures like half the have little change and we saw it open up around
And retail sales. The industrial output question, the tariffs, trade war tensions are at play. In fixed Asset Investment, there was a view that might stabilize as a result of the bond issuance and pick up infrastructure spending. David i can tell you now that industrial output number is one ugly number. 4. 8 . The estimate was for 6 and i confirm with you guys, that should be the worst phase of growth for industrial output going back to when Michael Jacksons dangerous was top of the charging 1992. Miss we have alliancebernsteins chief economist for china. Bad numbers. 4. 8 . That is very low. It really for flex how the slowdown in reflects how the slowdown in china is happening. Currently china not only has the cycle but the uncertainty from the trade tensions. A double down pressure on the economy and it is happening. It is obvious they might need to do more because the economy seems to be slowing down a little more than what they expect. Do you think 6 growth for the full year, is th