We are watching the hang seng index. Australias market is only higher by 0. 3 . But we had this news that china will allow australias cargo to come ashore. Lets have a look at stocks. Clearing exchanges in focus. The u. S. Approved legislation that could lead to chinese firms getting kicked off american exchanges. Also getting a call from sidney. Tak is down 1. 4 . ,his big surging iron or holding at a record. In recent weeks, weve seen pickup of state owned enterprise default in china that have jolted the credit markets and rattled investors. One company in the spotlight is ever grand, which has accumulated the biggest debt in global real estate. We are joined by Stephen Engle in hong kong. In ournt to bring distinguished guest, the ceo and cofounder of sc lowy in hong kong. A bank and manager that specializes in distressed and highyield debt. Good to see you. You spoke to bloomberg about a month ago and you did talk about ever grand. We know that they have taken steps to increase or
About 8, 9 days ago. In intensive care units for a couple of days and then he gave a press conference two days ago where he seemed more emotional than usual saying it could have gone either way and he really thanked nhs staff he said were by his bedside 24 hours a day. When you look at the response of the u. K. Compared to other countries, certainly in europe, it has been quite different. The Prime Minister many times has had to do a uturn on what he initially talked about, which was a herd immunity and then he said he would not close schools that they are closed. Theres a lot of speculation going around about what they will do next, whether they will extend the lockdown but also make the lockdown that much harder. Tom we will continue our discussion on this today. We will be speaking to nursing professionals at the Johns Hopkins university. Right now with our news in new york city, here is viviana. Viviana donald trump and how he feels about reopening the country. President says the g
Professionals, carers, Public Health officials, and volunteers across the country, and the exceptional efforts of the sco abroad. U. K. Citizens the bank of englands role is to help households manage through an economic shock that could prove large and sharp, but temporary. That is why the bank is announcing a comprehensive timely package of measures to help u. K. Households and measures bridge across the economic disruption caused by covid19. These measures will keep firms in business and people in jobs, and they will prevent a temporary disruption from causing longer lasting economic harm. Maximizing our response requires ordination across all of the banks coordinating committees. That is why all policy committees are simultaneously theng today, maximizing effectiveness of our response requires working in concert with treasury. Ys that is why we are acting on budget day, when the chancellor will announce a series of government initiatives to support u. K. Households and businesses. A
Home depot on the agenda will the result lead to a remodelling project for that stock . The race to be the leader in the fast growing Artificial Intelligence market as rbc tells us who is ahead of the pack and who is lagging behind. It is tuesday, august 15th you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im the dominic chu in for Frank Holland. Lets kickoff with the equities which are sliding. Dow is implied lower by 165. S p lower by 17. The 43 point slide for the na nasdaq you see the yieldsin the bond market moving in that mentality as well with a little bit of selling pressure which is pushing the yields higher. 10year treasury is above 4. 2 4. 216. The 2year treasury is pushing up on that 5 mark 4. 967 30year treasury is a hair below 4 in the energy markets, signs of downward moves wti is down. 20 82. 35 similar for ice brent. 86. 12 is the last trade lets get to the developing story. China central bank cutting Interest Rates amid mor
Stimulus support. Sony posts a 30 drop in firstquarter profits. The conglomerate targets a high score from playstation saying it aims to sell 25 million consoles. Investors are awaiting the latest numbers out of disney. The ceo says he may want to do away with the groups no growth businesses. It is a bit of a turnaround in sentiment for markets. We are almost up 1 in the early hours of trade today. It is a sharp move versus yesterday. Yesterdays session was a downbeat and that continued into the u. S. Markets closing. The focus for investors was the downgrade of several regional banks. The banking index yesterday in the u. S. Finished the session down 1. 3 . China is confirming the country is experiencing deflation. We will talk out that later on the show. The mood as i said is more positive today. Up 9 10 of a percent. Lets get further insight on the breakdown. I want to start with the italian index. This after a extreme day of selling yesterday after the government decided to introdu