Headquarters. Zealand,oing to new seeing some weakness down 1 10 of a percent. Snapping that losing streak that they saw. We saw comments from the governor talking about further cuts likely to come, but he said several factors could be supporting growth in new zealand. It is not weak enough for large rate cuts as some have been speculating. The new Zealand Dollars but is actually gaining. We are counting down to the opens in australia, japan and korea. We are expecting retail sales from japan coming out later this hour. Bk 225 closing down 1 10 of a percent. Futures pointing to a higher open. The dollar yen is weakening. It is almost as if three weeks of intervention in the markets did not happen we are talking about china. The losses were not as severe as the day before but stocks went down nearly 12 since thursday. Juliette is watching the markets for us. Juliette security regulators say they will investigate what happened on monday when we saw the 8. 5 plunge. Yesterday selloff was
Bottle. We seem to like to talk a lot about alcohol on this program. Lets head to the markets desk where julie hyman has the latest on that. I dont want to speculate why. Julie i think its obvious although im disappointed if it is 35 grant a bottle, we will probably not get a taste test. Lets take a look at whats going on with averages. A pullback here after a big update for stocks yesterday. We are seeing selling despite what was largely a morning of stronger than estimated economic news. Even Industrial Production came in better than had been estimated but that is not helping stocks. The imap for the groups on the move, Consumer Staples pulling back the most today along with health care shares. Consumer discretionary lower. Ofrgy industrials are kind limiting losses we might otherwise be seeing overall. I did want to talk more about home depot. Is it a bright spot in retail . Not if you go by what the shares are doing. They are pulling back. On the one hand, home depot did come in ab
Welcome to countdown. A warm welcome to you. Its just gone 6 00 a. M. Tech. Ng news in partneringsoundcloud and we will speak to some of the key people in this deal. Lets get back to some breaking news. We are hearing back from the forecastaising their from ¥1. 7 trillion to 2 trillion yen. It means this would be a prophet record they are now forecasting. This is the highest profit they would have ever made if they do manage to deliver on the oflyear net income forecast 2 trillion yen. An upgrade to the fullyear income forecast. We have the first half 2014 net but theoming in headline, raising the fullyear benefitorecast possibly from the weakness in the japanese currency. N joins us from hong kong to put some of these numbers in respective. Better than expected results. The positive results coming out of toyota because of cost cuts, because of a weaker yen, because of price increases. Especially with bank of japan easing monetary policy. The yen has dropped to seven months a sevenyea
Welcome to countdown. Onat a 6 00 a. M. In london this wednesday morning. Today was a day of commemoration in Hong Kong Thomas at least for the beijingbacked authority to the 65th anniversary for the peoples republic of china. Demonstrations against chinas influence in the city continues. They call for the citys chief executive to resign and a successor to be democratically elected. They spend another night on the street undeterred by both thunderstorms and statement from authorities saying their demands wont be met. For more, we go live to one of the protest sites in hong kong shari isoomberg news standing by. Whats the mood like there today . Right now, it feels a bit relaxed. People are resting under their umbrellas. This is being called the umbrella revolution. Last night protecting them from the rain and today the sweltering sun. The mood is pretty relaxed at the moment. They are gearing up for a long day and it looks as though it is organized but there is a system. People have be
Hello. Welcome to countdown. Im mark barton. Im anna edwards. Im manus cranny. Coming up, the new head of luxury of a watch business. 6 00 in london. Lets get straight to breaking news. They are saying the net loss is forecast at 170 billion yen. The focus goes to the forecast the company is making for the full year. It has been reduced to 170 bil lion yen. Things moving in the right focus there. A lot of focus also on how the image sensors business has been performing. Those are the headlines coming out of sony. Give us some details. Good to see you. Hi, anna. The net loss forecast narrowing. 170 billion yen. Actually beating analyst asked miss estimates. Analysts have been pretty optimistic about sony this time around. Analysts recommendations are putting the stock at this is just a preliminary outlook for sony. Theyre counting system was disrupted at the company some studio. There is key data like smartphone tvs that people have been waiting for come especially the smartphone busine