And why the socalled techlash has only made facebook stronger. Lets start with our global cover. 10 straight weeks of when we really stepped back and thought about, what is a perspective that we can bring to the story that has not been brought . One of the things that came out of the conversation was, wheres this angst coming from right now . And one of the things that we realized was that its actually about 2047. When hong kong was handed back to china, one country, two systems being this guiding idea for how the city would be managed, 2047 is viewed as the Expiration Date of that. When you think about the stakes of this situation, five years out isnt enough time to solve that. 10 years out isnt even enough time. So really our thesis for this story by Matt Campbell was that the angst that were watching, the fury that were watching, is ultimately about 2047 and hong kongs countdown to 2047. Jason when you think about sort of the nexus of business, economics, politics, there are few oth
Vulnerable are states to outside attack, and why the socalled tech lashes only made facebook stronger. 10 straight weeks of antigovernment protests in hong kong are raising fears about the one country, to systems policy that has prevailed since the british hand over. Heres the businessweek editor joel weber. We have been talking about it almost every issue, ever since they broke forth, but what really happened was the airport, clashes at the airport. We really felt like it had become a tipping point, all eyes on hong kong. When we really stepped back and thought about the perspective we could bring to this story, one of the things that came out of the conversation was where is it coming from . One of the things we realized is when hongabout 24 7, kong was handed back to china, one country, to systems being this guiding idea for how it would be managed. About the stakes outhe situation, five years isnt enough time to solve that 10 years out isnt enough. Our thesis for this story by the
Joel webber. We have been talking about a must in every issues and the fury broke forth this summer. The thing that happened was the airport in the class that happened at the airport. We felt that had become a Tipping Point and all eyes on hong kong. Thought about, what is a perspective we can bring to the story that has not been brought . One thing that came out of the conversation was, where is the thanks coming from now . 2047. About when hong kong was handed back to china, one country to systems being this guided idea for how the city would be managed, 2047 was used as the Expiration Date of that. When you think about the stakes of this situation, five years out is not enough time to solve that. 10 years out is not enough time. The we are watching, the fury is only about 24 7. Hong kongs countdown to 2047. Jason when you think about the nexus of Business Economic politics, there are other places in the world where it happens in sharp relief. This is speaks to the dilemma that xi ji
Green arrows across the board in europe the dax is up by 0. 3 . The cac adding 1 . The focus again today, because yesterday it was the fuel for that whipsaw action, treasury yields, 1. 727, much firmer than what we saw yesterday. We saw a low of 1. 595 we had record lows across the yield curve. Thats worth noting. A lot of strategists saying we could test 1. 35. Beijings central bank setting the official reference rate for theyuan to the weakes level in a decade. Eunice yoon has more on the midpoint number that traders are watching they do it now at 9 00 p. M have to watch all the time eunice its worth it its worth it to stay up that late the central bank set the midpoint fix weaker than 7, but it was actually stronger than what a lot of analysts were expecting. So because of that traders were taking that as yet another sign that the government here wants to pull the reins back on the chinese currency there was no official commentary today on the fix it was interesting to see what came
Strong considering the fact you have a 3. 7 Unemployment Rate wage growth well contained, that raises the possibility that we can take Unemployment Rate well under 3 1 2 , before we run into a serious problem, with pricey inflation labor market may be tight but not overheating in a sense that is poses a threat cheryl big show this morning, Fox Business Network dagen to price stability maria okay, all right you are not worried about all of mcdowell, moodys capitol john this you think the economy keeps growing. I think it will keeps is here and analyst. Growing however that ism manufacturing report contained lowest reading on good morning, gd to be manufacturing employment sings 2016 keep an eye on that. Here. Joining the conversation americans for tax reform president and founder grover no. What is happening with manufacturing is interesting because jobs are changing in manufacturing. And so there are jobs out there, bemployers having difficult time finding skilled tenth, robotics artif