And that it is financially insane to buy anything but an electric car. Hong kong is bracing for more mass protest as the extradition bill goes before them. Breaking news out of south korea. We have the Unemployment Rate coming in at 4 for the month of may. Slightly lower than was anticipated. 4. 1 . It is also lower than in the previous month, when we saw 4. 1 , the jobless rate. We have seen, when it comes in south korea, really strong growth when it comes public sector, jobs. The government trying to support the economy and working towards job creation. In the private sector, we are seeing some of that weakness. We are expecting budget coming from south korea to help job creation in the future. For now, the Unemployment Rate at or percent the month of may. Markets in asia are shifting up and go to sophie in hong kong. Some midweek caution may emerge after the best threeday gain for asian talks since january. Kiwi shares giving back some of tuesdays game. Game. Gain. Do bok is to rele
Reacted with anger. I strongly disagree with fitchs reacted with anger. I strongly disagree with fitchs decision | disagree with fitchs decision and i disagree with fitchs decision and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data and assessment is based on outdated data and fails to reflect improvements across a range of indicators, improvements across a range of indicators, including those related indicators, including those related to governance, that we have related to governance, that we have seen related to governance, that we have seen over the past two and a half have seen over the past two and a half years. Gf of the democrats used the opportunity to point finger and republicans for their role in the recent Debt Limit Fight of all republicans blame it democrats and Joe Biden For joins of dollars in new spending for the many economists dismiss the downgrade, includingjp morgan downgrade, including Jp Morgan Chase downgrade, includingJp Mo
to go above 30,000. japan has just released growth figures. asia s second biggest economy grew 1.6% on annualised rate, much better than what had been predicted. i spoke to neil newman from macquarie capital. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp number certainly does indicate there is a large amount of the domestic economy now contributing to this. as you mentioned cap ex, business spending was up 0.9 on the annual basis, way ahead of expectations. but even private consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers were in march, they were not that impressive, in fact they were quite depressing. the next key one will be injune, april s numbers, and that s when we will start to see the increase in overall wages. of course it s notjust the wage number that contributes to all of this, it
Debt, offeringedebt to buy that billions. Anchor plosser continue to watch president trumps first overseas tour. We will look at how his domestic agendas tracking while he is away overseas. This is daybreak asia, coming to you live. I am betty liu in new york, where it is just after 7 00 p. M. Anchor it is just after 7 00 a. M. In hong kong. I am yvonne man. Yvonne we were expecting a risk on feeling, but it seems to be shattered just a bit as we get more development out of Greater Manchester of fatalities at the Manchester Arena just a couple of minutes ago after reported explosions. A fluid situation, but we see the moves on dollaryen here this morning. Betty that is right. Dollaryen. Come into my terminal on the many futures on the s p mini futures on the s p. When the news broke, Greater Manchester police tweeting that there were a number of fatalities. A number of fatalities and injuries. About whereonfirmed the bush and from, what was involved, but they are confirmed right now. F
In the takeover. Berkshire hathaway are getting 51 of craft. A solemn minute of science of silence today. They were mourning those lost yesterday when a german plane crashed. We are learning today two americans today a former u. S. Safety investigator says authorities want to know why the pilot made no distress call. Collects that will certainly be the number one item they will look closely to see what is going on around the cockpit. Betty a hong kong conglomerate is no written passes biggest wireless a 53 billion deal. Defense spending will be the point today when the house starts budget debates. Lawmakers are not sure. There are six republican plans. Against lawmakers who want to lower the deficit. Facebook founders reaching out to Software Developers today. Reaching out to the companys conference in San Francisco. We will let out designers reach facebook users even better than now per facebook shares are at an alltime high. Forecasting adding revenue this year just 37 . Those are yo