Australia. Im paul allen in sydney. Counting down to asias major market opens. Big u. S. Tech jumping after the bell as earnings mostly beat expectations. A sigh of relief from investors worried about lofty valuations. Elite rebound coming after markets were rattled by data showing starved inflation and slowing growth in the u. S. Economy. It is decision day for the bank of japan. Market players scrutinized for hawkish signals. Plenty on the docket today. Lets look at how markets are setting up for this friday in the asiapacific. April hong is in singapore. Its a big day watching out for tokyo cpi numbers for the month of april do this hour. Of course its about the boj decision and more importantly whether we get hawkish signals. Signals of quantitative tightening. The central bank is considering measures to reduce the levels of bond purchases, and in the meantime the likes of Morgan Stanley and mufg economists flagging a potential young shot from the tokyo cpi numbers because of a lac
Of the countrys Statistics Bureau made a stark warning about the number of Vacant Properties in the country. He said chinas massive population of 1. 4 billion people was not enough to fill the number of empty apartments across the country. Our Asia Business reporter Monica Miller explains. Debt restructuring plans fell apart over the weekend which has led to a massive sell off this morning. We are seeing here in asia, about 24 . This was an unexpected development. The embattled developer said that later on sunday it was unable to issue new debt due to the Ongoing Investigation into one of its domestic subsidiaries. Now this company has been plagued with trying to figure of how to pay off its debt with onshore as well as Offshore Companies and investors. You know, it slumped since 2021 when evergrande defaulted initially on its debt obligations. That was following a clampdown from the government on new borrowing. Multiple homes have been purchased by speculators in this market. That hap
Im lucy, welcome. Hollywood Studio Bosses and the Union Representing writers have reached a tentative deal. Writers have been on strike since early may. The 15,000 plus members still have to vote to ratify the deal. In a statement, the Writers Guild of america said we can say, with great pride, that this deal is exceptional with meaningful gains and protections for writers in every sector of the membership. Actors, though, are Still Holding industrial action. They have been on strike sincejuly. Both strikes have hit the Entertainment Industry hard. Cbs correspondent Wendy Gilette told me what this deal means. This tentative deal between the Writers Guild union and Hollywood Studios is a three year contract. Not many other details have been released just yet. If its approved by the unions 11,000 members, talk shows could get back to work within days. The Writers Guild is calling the agreement exceptional with meaningful gains and protections for writers in every sector of the membership
Rishaad japans recovery on track, growing for a fourth straight month, the best performance since 2008. Investmentaba the to in chinas largest hypermarket chain. Rishaad we started with the markets. 6647. S a technical chart it is showing a double top formation. Msci asiapacific index slipping from last monday to friday, halting a rally that had lifted 6 . The asian gauge risk of a p technical pattern, which means the path of least resistance would be to the downside after it hits it. Fatigue, ifse of nothing else, creeping into the markets. The u. S. Session, thanksgiving towards the end of the week, and in asia, a loss of momentum of the that continuation japanese recovery story taking place. This week is all about centralbank minutes, the ecb, rba, and the fed. Four for rate hikes in 2018 supported by the october minutes. David im looking at the wti screen to show you the nuts and bolts. Sophie the kleins for the despite25 and the topix trade data indicating the best performance now
About the potential cvs and at no merger. As always, we will take your calls and you can join the conversation on facebook and twitter. Washington journal [captions Copyright National cable satellite corp. 2016]] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] host good morning. Its saturday, december 9, 2017, the end of a week where several members of Congress Face newly allegationsofSexual Harassment and al franken and trent franks announced their resonations resignations of claims over the conduct. Andtime time magazines women of the year cover is those who came forward to tell their stories of harassment by powerful men in government and industry. But womens rights advocates caution that the caution me too movement will produce little change unless more women are in positions of power, including more women being elected to Political Offices. But today, were asking our washington journal viewer