And with his country in the grip of massive protests colombias president begins what hes calling a National Dialogue. The big. Thank you for joining us prodemocracy candidates in hong kong have won an unprecedented and symbolic victory in District Council elections voters turned out in record numbers after almost 6 months of protests that have cause a territorys worst political crisis in decades live to soft rock in hong kong in just a moment but 1st this report from scott hyde. In a sweeping victory prodemocracy candidates made huge gains in hong kongs District Council elections gaining control from pro beijing parties. The voters sending a clear message in the 1st polling since the protest movement began. Even before the polls closed it was clear that this was an extraordinary election and a record breaking day for hong kong elections the highest voter turnout ever over 70 percent of registered voters cast their ballots after nearly 6 months of at times violent demonstrations the pol
others, like china s unfair trade policies and preventing access to advanced us technology. and on the chinese side, president xi reportedly called us support for any taiwanese independence effort a red line and accused the us of trying to suppress china s development of advanced technology. over four days of meetings, treasury secretary janet yellen is expected to meet with some china s top political and economic officials, as well as american business leaders and chinese professors and students. she is expected to warn china against flooding the market with cheap clean energy exports, things like electric vehicles and lithium ion batteries. the white house is trying to bolster that industry domestically by offering its own tax breaks and subsidies. let s get you up to speed quickly with an earthquake this morning in taiwan, because the well s largest contract chip maker has told the bbc it has evacuated some of its facilities there. the company says it is estimating th
News of another recall, 2. 7 million airbags. Jamie dimon has a warning for investors and all amazing policymakers. Rishaad china may offer new implications. Are on the cusp of the u. S. Earnings the season. Having a look at one thing. Taking a look at perhaps could be happening here. 2459, this chart is looking at corporate profits, suggesting we could see a slowdown down worldwide in the second half of the year. All of this according to j. P. Morgan chase, going on to say that the global Producer Price index has a correlation to delivery. Asts what we have coming up the earnings season beckons on the heels of recent market turbulence. That turned him coming to the Producer Price index globally speaking, so heading into earnings season to see if that analysis in any way shape or form is correct. We are watching earnings. We are back to watching the fed, centralbank all, and where they go from here. Janet yellen preparing for her testimony to congress, plenty of clinical distractions t
One china policy should be tied to trade. Prices, this Historic Deal to cut output. Oil jumping over 4 . Jumping to the highest since july 2015. Saudi arabia signaling it is ready to cut output more than agreed, while a nonopec countries including russia agreeing to pump less. Sophie we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. Singapore, taiwan, and malaysia coming online. What is going on in the oil patch . Game inhere is only one town, and it is demolishing every other safe haven. Gold retreating, bonds falling, all on the account of renewed Risk Appetite after the meeting between opec and nonopec members. Saudi arabias surprising the markets, saying it is willing to cut more than pledged. Russia and other noncartel members coming on board as well. Stocks, oil Energy Stocks leading the gains. Energyheavy markets like a straight up, the nikkei 225 getting that double boost, oil majors leading gains, but the impact of a weaker yen,
For the first time, but economics continue to struggle. And hsbc chairman says china is managing change extraordinarily well. He tells us what he thinks of trump policies. Indeed, thats going to be tracking markets, front and center, we have the whole Federal Reserve issue to be dealt with in the next 24 hours. Theres a 100 expectation that there will be a rate hike, its about what is going to happen in 2017. They say two rate hikes coming up. We can dive into it and see what weve got right now. The next rate hike possibly being as soon as february there as well. 86 chance of that happening after this one which is nearly a 100 probability of the high taking place there. Fed pretty much front and center. Seems like its going to be normalizing. We are 30 minutes from open in china and hong kong. Singapore, taiwan, just coming online. Heidi, how are the markets looking . Were looking a little bit mixed at the moment. Tokyo shares falling into the red, extending losses over the last couple