On big profits. We have comments from j. P. Morgan saying the slide and equities is part of a deeper correction. It is not over if you look at how yields are rising and strength of the dollar. Yen weakness has been kept in check by comments from the finance minister. We are seeing among japanese stocks that have been recovering, extending gains, not for racing losses. Singapore outperforming, you get the sense that those indices are benefiting amid the rout in the sector. Chinese tech is doing well. Divergence between the csi and the hang seng as one Bank Upgrades its call for chinese stocks. Haslinda it is from a low base. Ubs analysts have upgraded china and hong kong to overweight. Cutting taiwan and korea stocks to neutral, lets dig deeper with our equities reporter. Take us through the reasoning behind the move . Guest the key reason behind upgrading is resilient earnings. Msci china is trading at nine times. You look at the estimates there is better than the growth s p is suppose
Jose state university. San jos police say there are several road closures in place as officers investigate. People in the area should avoid south Fourth Street and south third between east and san fernando streets and san carlo street pick the stabbing happened at about 4 15 this morning. Dreamforce has gone off without a hitch. That is according to salesforce ceo. Th comments come in spite of his threats to pull the conference from San Francisco but he is still taking a job as city hall he tweeted out that San Francisco has been incredibly clean, beautiful and safe for the last three days of dreamforce. He wrote that it is great that the city put its bes foot forward but it is importan to ask why the city cant be kept this clean and safe every single day but the chronicle reports mayor london breed is pushing back on that, telling reporters that San Francisco is changing and things are getting better. Right now, the threats to pull the conference have bee just threats and there have b
When he acknowledged struggling with his addiction to crack cocaine. He is also under investigation for business dealings. A special counsel overseeing this case indicated that charges are failure to pay taxes on time could be filed in washington or in california where he lives. So far the president has not commented on todays announcement. We are on the verge of a historic strike by tens of thousands of auto workers without a deal. Uaw members plan to walk off the job at midnight. The union wants more profits workers helped create for the big three ford, gm, and stellantis. The big three can afford to immediately give us our fair share. If they choose no the to, then theyre choosing to strike themselves. If there is a strike, it wont be because we didnt put a great deal in front of them, because we have, four times. Economists say even a ten day strike of the big three would cost the economy 5. 6 billion. Nearly a billion of that being lost wages by auto workers. Tensions flared at a
Good morning, everybody. Its 6 00 here in london. Year, if you are just rejoining us. The nikkei 225 just rejoining us today and the japanese markets just rejoining the new years freight. Up by. 75 on the nikkei 225. Thats playing catchup from previous days at the trading year so or but it follows on from you records on wall street, the gradual approach being referred by the fed if any conclusions can be taken away from the fed minutes yesterday and the biggest oneday increase in the japanese equity market may, partying like its 1991 apparently in japanese stock. U. S. Is the yield on the 10 year. Andreaction from the fed the prospect of higher Interest Rates. That was the case really through 2017. We did not get any explicit clues around a hike in march and some point to a change in personnel, clearly one of the reasons in the mix there. Oil,rice for a barrel of up and moving higher, up 5. 9 this morning. Now above 62 a barrel. The dallas fed has done a survey that suggest for many in
Im Adrian Finnegan this is al jazeera life and also coming up Turkish Backed forces fight for strategic mountain in Northern Syria. One of hong kongs most prominent activists is barred from standing for election. Corruption and conflict high on the agenda as African Union leaders hold their annual summit. Yemens Prime Minister is accusing separatists of staging a coup this after several people were killed in fighting between armed groups in the city of aden been reports of heavy gunfire in the southern port city separatists allied with the United Arab Emirates but all of this with the saudi backed government of president a bribe a month so hadi groups want control of yemens Southern Region lets speak to some a humdinger whos a middle east analyst who joins us now live from london skype yemens Prime Minister that accusing separatists of staging a coup whats your impression of whats going on in a can of why what are you hearing. I think that. Oh. I think you get a little. More over the s