Opecs cuts may be draining the glut. The bank of japan prepares for unscheduled talks as the coronavirus keeps extra pressure on the economy. Help for Small Business tops the agenda. Downside are seeing a start to trading on this final friday session of the week. Overwhelmingly, the concern over these escalating tensions between washington and beijing, and now also, beijings expected move to impose the National Security law on hong kong and we are watching, in particular, the start of mainland trading as well as hong kong trading and trading in the hong kong dollar but in the meantime, we are seeing a downside view when it comes to nikkei futures as well as kospi. Sydney futures looking to extend losses of. 4 in the previous session although we could expect to see some modest gains when it comes to the Energy Sector given the gains and that story when it comes to the continued rally in oil prices. We are also watching trading in new zealand. We had retail Sales Numbers out in the last
A full year recession that means we will reach 0 to one percent growth so this situation is highly serious in addition as i have stated in the policy address the Hong Kong Government will closely monitor the development of the economy and take appropriate measures. On the. Issue one gets so see. Also said her government will tackle protesters who resort to violence head on the Hong Kong Government isnt backing down and neither are the protesters. The standoff in hong kong could continue to hurt the Asian Financial hubs economy. Steve tongue joins us from the university of london chief executive kerry says there will be no political solution until the protests and that doesnt sound like this is going to end anytime soon. I think youre absolutely right the way how the chief executive is approaching the issue shows as you need it thats not have any understanding of what the situation is and what a political solution needs you have you work or political solution when you are in a very diff
Hello, and welcome to bbc news. The Us Democratic president ial contender, joe biden, has accused donald trump of an overwhelming abuse of power. It follows reports he tried to pressure ukraine into opening a corruption investigation against mr biden and his son. President trump has not denied the reports, claming it doesnt matter what i discuss. This is what mr biden had to say about the affair a litte earlier. I know trump deserves to be investigated. He is violating every basic norm of a president. You should be asking him the question, why is he on the phone with a foreign leader, trying to intimidate a foreign leader, if thats what happened. But appears to be what happened. But appears to be what happened. You should be looking at trump. Trump is doing this because he knows i will beat him like a drum, and he is using his abuse of power and every element of the presidency to try to do something to smear me. That was a pretty fired up joe biden a couple of hours ago. David willis i
I guess investors liked what they saw the dow is going to be up what maybe 80 points after whopping great gang in last two days same story with the s p up about a third of one percent. The nasdaq is going to be up a quarter of one percent. As of now by the way all three within a breath all time record highs. The political news of the day, my opinion good news for democrats howard shuttle starbucks billionaire will not run for the presidency so antitrump volt will not be split and it will be a straightforward election between mr. Trump and the left. On todays show is america the best performing economy . Will the market hit new highs were very close and yes, larry kudlow with the view from the white house. Varney company is about to begin. Yes we will have more on jobs report in just a moment hold on few birse former starbucks ceo howard shuttle will not run for the presidency he had a statement what did he say . Here request this is what he said, quote, not enough people today are will
We have unrest at home, and abroad. New protests in hong kong today, despite the protests number one demand there being met. This weekend is not expected to be any quieter and then over the uk, lawmakers voting to block a no deal brexit thats the show down with the Prime Minister Boris Johnson, well talk about all of that plus Hurricane Dorian making landfall along the North Carolina coast as the storm continues to make its way north, were live on the ground with the latest on the Recovery Efforts. Melissa fox Business Team coverage Edward Lawrence is in washington, christina partsinevelos is on the floor of the New York Stock Exchange and blake burman and Hillary Vaughn are both at the white house. Lets start with edward. Reporter melissa today Federal Reserve chairman Jerome Powell hints he supports a rate cut, now he bases that around trade, not the trade policy itself. We would never comment on trade policy. We dont do trade. Its not a responsibility of the fed, but i think it is t