Social media and are both surprising and creative artists are playing a major role. Because. Tourism has plummeted and the economy is suffering huge losses. But during the work week most things take their usual capitalist course in this International Finance center. Hong kong streets tell a different story on sundays. Hundreds of thousands of hong kong citizens are turning out in mass displays of civil disobedience. At the beginning of this wave of protest in early june the masses were demanding the withdrawal of an extradition bill which would have allowed hong kong to deport criminal suspects to china the. The outrage over the proposal took lawmakers completely by surprise. Kong kongs pro chinese chief executive carrie lamb seen here at her inauguration 2 years ago in beijing underestimated the extent of the citizens anger for far too long. The peoples wrath grew ever more threatening with each confrontation between activists and the police. And the angry citizens of hong kong feared
And President Trump reits troops in afghanistan and says the taliban is talking about is talking again. Breaking data from south korea breaking data from south korea, industrial reduction from october not good, down 1. 7 percent and seasonally adjusted month on month numbers. The estimate was for a fall of just 3 10 of 1 , certainly a negative territory fall after the 2 hit in september. The numbers were in line in what economists were expecting of a fall of 2. 5 . Looking dire when it comes to Industrial Production and marrying what was saw and mirroring what we saw in the china numbers this week. What else can the bank of korea do in a policy decision coming out and about two hours . It seems they will hold after we saw two cuts already this year, but a lot of questions on how long they can actually pause when it comes to the easing cycle. More on that later on. We will have an economist join us in the next hour to count ton the bok decision, a lot look forward to including the forec
U. S. And china are trying to temper some of the repercussions trade war is having. You can see euro stocks gaining 0. 6 . The yen is also a good litmus 7. 81and you can see one of 107. 81. Tomorrow, we also have the ecb to look out for. Coming up, we speak to the former u. S. Ambassador to the European Union. Dont miss that interview at 10 30 a. M. London time. We talk u. S. Foreignpolicy and brexit. Lets get straight to the first word news. U. S. Goods to be exempted from tariffs last year were announced by china at the top of the list are pharmaceuticals and lubricant oils. Beijing is seeking to ease the impact from the trade dispute without lifting charges on agricultural item like soybeans and pork. The ministry of finance says further rounds of exemption will be released. Morgan stanleys ceo warned against the fed cutting too easily but says he supports of the reductions made so far. He made the comments at the Columbia Business School in new york. I have supported the latest fed
Today . Well take it up. Much of the leftist media and Business Press were a agog overs inversion of the yield curb. Today, they seems declaring a recession in immediate offing despite more than 70s of country Biggest Companies quarterly earnings, higher than wall street has been expecting. And revenue of the companies in s p up almost 5 over a year ago. So what is the problem . The market sole off, and sole sold off, and sold off big, with us, jackie deangeles, what a day. It was, the worst steepest selloff of the year. We have seen a lot of volatility in august. Lou as is customary. But not with this wide of a band, this is something new. Yes, this is uncertainty, uncertainty over trade, worries about what is happening in other economies, in europe and asia and china specifically, weak data coming out of china. Also out of germany starting this fear mongering happening contraction of the economy in germany. Yeah. And speculation they will cause something that was compounded by invers
Today . Well take it up. Much of the leftist media and Business Press were a agog overs inversion of the yield curb. Today, they seems declaring a recession in immediate offing despite more than 70s of country Biggest Companies quarterly earnings, higher than wall street has been expecting. And revenue of the companies in s p up almost 5 over a year ago. So what is the problem . The market sole off, and sole sold off, and sold off big, with us, jackie deangeles, what a day. It was, the worst steepest selloff of the year. We have seen a lot of volatility in august. Lou as is customary. But not with this wide of a band, this is something new. Yes, this is uncertainty, uncertainty over trade, worries about what is happening in other economies, in europe and asia and china specifically, weak data coming out of china. Also out of germany starting this fear mongering happening contraction of the economy in germany. Yeah. And speculation they will cause something that was compounded by invers