Moving news from all around the world. Delhi, newg to new jersey and washington come our bloomberg voices are on the ground todays top stories. In asia, you had the pboc lowering the rate it charges on shorterterm loans to lenders. Index added 150 billion yuan into the banking system. Joining us is tom mackenzie. Is this the start of an easing cycle, or a shortterm term liquidity crunch into the new year . Tom it seems like more of a shortterm liquidity crunch. We are looking ahead to january, what it looks like you will get a withdrawal of cash out of the Financial System here of about 450 billion. They take that liquidity out ahead of the chinese new year, which comes in towards the end of january. It does seem like it is more of a seasonal effect. More broadly in the economy, credit has been tightening. We saw today from the pboc was some gradual measures to try and address this queasy liquidity, and a couple of basis points and a sevenday reverse repo as well. About 28ly, you got b
Exclusively at the company thats got the target on its back. Its a fox business exclusive you are going to see whats inside this company. And mysterious deaths at an island paradise have tourists thinking twice or even backing out of booking a visit to the Dominican Republic. Weve got the ceo of one of the worlds Biggest Hotel chains here to tell us how his company is dealing with the Public Relations and security nightmare. On wall street, energy and health care pushing the market slightly higher as we await the big Federal Reserve Rate Decision on wednesday that charles mentioned. Dow jones industrials up 26 points. S p better by four. The nasdaq up 54. Less than an hour to the closing bell on this monday. So glad youre with us. Lets start the countdown. Liz breaking news. Reuters now reporting that Deutsche Bank is planning to restructure its entire u. S. Equities business, leaving only a skeleton operation in place. We knew over the weekend that they were going to make big changes
Bows. Sir . Reporter youre exactly right. Everyone thought the hong kong protest issue was settled last week. Controversial bill was suspended. People left the streets. Now it is back, bigger than before, this is pushback against china and their influence in hong kong. Nearly two Million People of hong kong took to the streets on sunday demanding a number of issues. First of all release of people who had been arrested last week, punishment for police who ordered the use of force, resignation of hong kong leader lam and that secretary of state mike pompeo will raise the issue with president xi at the g20 next week. We see what is happening, unfolding in hong kong. Were seeing people of hong kong speak about things they value. Reporter the protest revived of a joshua wong, a prominent activist leader rallied the crowd after being released from prison. He was serving a twomonth sentence taking part in 2014 protest. It is time for us to the ability to step down and she will face two millio
Which is just outside of shenzhen. We had a sitdown interview with a key executive. I would say that there is a huge misunderstanding about the type of company that huawei is. Huawei is privatelyowned company. There is no real connection to the state in china. We are part of that thriving private business. That is probably the fundamentally the biggest misunderstanding. Connell there is no connection between huawei and the Chinese Government, no direct connection. There is no direct connection. There is no ownership. Connell take it straight to todays panel, joined by adam lashinsky, fortune executive editor. Fox business contributor. Steve moore with us, economist at heritage, senior mick advisor to the trump campaign. Good to see you from main Mainland China this evening or early tuesday morning. Adam, start with the huawei question. It was interesting for lack of a better word to get this tour of the companys facilities today, but we certainly heard from the founder that huawei is h
Hes bulletproof. He can fly. You can see it right here. Its sewn tuesday, the 18th of june. Fbn a. M. Starts right now. I cant lie youre on my mind. Stuck inside my head. I want to feel your heartbeat. Need it there, yeah. Lauren good morning. Welcome to fbn a. M. Im lauren simonetti. Cheryl good morning. Im cheryl casone. Lauren lets take a look at your money this morning and see how its moving, in the u. S. , up arrows, dow futures gaining 68 points, nasdaq tacking on 38 as the countdown to the fed begins today. Cheryl oil tensions of course are the big story this morning. Iran continuing to ramp up pressure. Right now oil is down 40cents, so 51. 55. Lauren stocks in asia closing out tuesdays session mixed. Nikkei down three quarters of 1 but a 1 gang in hong kong. Cheryl in europe, global trade worries continue there. All of those markets are in the green. Lauren top story this morning, the pentagon is sending 1,000 additional troops to the middle east as new images show the afterma