We take a look at which campaign pledges President Trump has kept and which he has not, at least so far. Chinas lenovo gives up the crown as the worlds biggest pc maker after some very disappointing results. Welcome to World Business report. Im ben bland. In a minute well also investigate the Environmental Impact of the cruise industry. But first, he came into the white house with a pro business agenda. But events this week have caused the Business Community in america to isolate donald trump. And after over 200 days in office, donald trump has yet to achieve his first legislative change. Analysts have warned that his response to the violence in charlottesville will hurt republicans prospects for progress on domestic policy. So the big question is can the president deliver on his Campaign Promises . He has had mild success. In january, trump formally scrapped tpp a flagship trade deal with 11 asia pacific countries blaming the deal for job losses in the us. He also promised hed withdra
The message received and understood after a rival came in for some criticism. Weve got this surge when it comes to the chinese currency, the yuan. Forward, the employment report allimportant for the Federal Reserve. All of this to be digested. That drop in treasury yields, about 2. 34. We seen a lot of movement on friday. This is ahead of the jobs report later on tonight. Markets here across the asiapacific. Were looking at a mixed basket. I do want to know that a lot of these markets are session highs or session lows. That, we watch it every day. That,ason im mentioning have a look at the offshore. A big spike down yesterday. Are seeing the weakness push up to about 6. 8 . Hit 100 ight rate yesterday. Closed 60 . Look at where it is. I checked, it was 105 on the overnight deposits. The overnight deposit grid for all here in hong kong. 5500 basis points. Other things and want to mention, the trade deal. 7335, just about flat on that currency. A verythis considered interesting session a
Agrees to buy a company for 5. 5 billion. Right, half an hour from the start of the trading week. No trading in the u. S. , Martin Luther king jr. Day. In japan, machinery orders better than expected, the ppi,cer price index, factory gate inflation better than predicted by economists, but still in negative terrain for december. But see how the markets are tracking. David. David thanks. We are looking at a mixed bag. Markets just opening up, taiwan, malaysia. Have a look at singapore. One of the better performers performingthe best market in asia save for the philippines. Mixed. Ight times index,verything else canceling out japan pulling things down, australia, flipped the board, some other benchmarks at the moment. Australia, that comes down to the fact you are getting a decent bid when it comes to the mining stocks, japan, strong japanese yen weighing on that index. Assets. Ook across 1. 20, roughly at those levels. Dollaryen, still close to session lows, 114. At 2. 4 yields unchanged
Badly fitting batteries will be blamed. News fromo breaking the federal Aviation Authority in the u. S. , United Continental holdings requesting a ground stop for domestic flights. It applies to mainland flights. We tried to get hold of the airline, but havent had any calls returned just yet. We will bring you the latest as well. A full ground stop for United Airlines there. Just under half an hour before the trading week is underway in hong kong and shanghai. Chinese lunar holiday. Markets coming on stream. Sophie, a good day. Sophie a good day, but not some earkets in asia as they tak into account what trump had to say on inauguration day. Strength weighing on japanese shares, falling for the first time in four days, exporters weighing on the nikkei 225. Thisba having a good start monday, its biggest intraday gain since december. Media reporting toshiba will raise 500 billion yen to cover its nuclear writedown. Plus, canon is considering investing in toshibas business. 1 , but gold m
Not badly hurt by the note 7 fiasco. Yousef it is 8 00 a. M. Across the emirates. I am yousef gamal eldin. Shery i am shery on in hong kong. Asian currencies gaining ground on the back of a weaker dollar. Tromp withdrawing the u. S. From the tpp. We had the president and the treasury secretary nominee talking down the dollar, but i understand it is not all about these comments moving the dollar. Yousef again, you had Steven Mnuchin talking about an excessively strong dollar having a shortterm economic impact, but that is not what you should be looking at. There is a different and more accurate perspective, what is happening with 10 year treasury yields in the u. S. This chart. At that is your 10 year yield and the bloomberg dollar spot index. See, ive highlighted this for you. Take a look at how close these to move. Yields are leading the dollar, so extending the slide after Steven Mnuchins comments, then clawed back those losses. Thing we do have to keep in mind when looking at treasu