Where we bring you todays market moving news from around the world. From hong kong to beijing to london to washington our bloomberg voices are on the ground with this mornings top stories. Start right now with hong kong with the citys financial chief said the economys set to contract in fourth quarter. Jeff joins us from hong kong on the telephonement welcome. Give us an update where we are. And how the economys doing there. Jeff good morning to you. The economy is hoping to see some kind of stabilization in the coming weeks. But the damage has already been done in the third and fourth quarters this year. We have only just seen a relative easing in the protests. But we are a long way from having an all clear or any kind of resolution to the political standoff. That means that the tourists and the spending that are the core of this economy, they are not going to return soon. We may see stabilization but it will be lower levels. David thank you so much. Jeff black reporting from hong kon
Mixed signals frances orange jumps as it plans to split the tour unit fed chair Jerome Powell tells congress there is no reason growth cant continue but warns that risks remain. Look at todays economy there is nothing really booming that would want to bust. There is a pretty sustainable picture. I pointed out the risks. Those are in manufacturing welcome to the show some breaking news for you the health of the Global Economy is a concern left its oil estimate goal unchanged for 2020 at 1. 2 Million Barrels a day this report released they see nonopec supply rising by 2. 3 Million Barrels a day, up from 1. 8 million in 2018 opec plus countries face major challenges as demand is expected to fall sharply. That does not bode well. We have that vienna opec meeting coming they had talked about saudi arabia and said that the recovery contributed 1. 4 Million Barrels a day. With the production back 0en line that gave a bit of a boost for the out look for the month of october in total oil supply
The future that we want to build, but at the moment weve got this roadblock, this logjam, and we need to get through it. And as the early election bill receives royal assent well have the latest as the campaign gets the other main stories on bbc news at 5. The us house of representatives passes a resolution to formally proceed with the impeachment inquiry, against President Trump. The body of missing british backpacker, amelia bambridge, is found in cambodia. More than 70 passengers are killed, as their train catches fire in pakistan. Order order. Very rude for members. Order and coming up well take a look atjohn bercows most memorable moments as he stands down as house of commons speaker. Its five oclock our top story. On the day the Prime Minister promised we would leave the eu, the battle lines for the december election are being drawn. The labour Leaderjeremy Corbyn launched his pa rtys campaign in south london, condemning what he called tax dodgers, dodgy landlords, bad bosses and
The body of the british backpacker Amelia Bambridge has been found in the sea near a cambodian island a week after she went missing. More than 70 people have died after a fire swept through a train in pakistan. Its thought a gas cylinder exploded while passengers were cooking breakfast on board. And coming up, well take a look atjohn bercows most memorable moments as he stands down as house of commons speaker. President trump has urged Boris Johnson to Work Together with nigel farage to win the general election, during an extraordinary interview with the brexit party leader. During the interview on mr farages radio show, he also launched a scathing attack on labour leaderJeremy Corbyn. I dont want to tell boris or you, because you have had a great impact on this, nigel. You and i have become friends over the last couple of years, and you saw what was happening with my thing, just like you saw what was happening over there. You are like a great tea leaf reader. I would like to see you a
That the American Financial system. Kind of in 1858 in lynchburg virginia and grew up in the reconstruction self. Is this policy on the role of government was shaped by the views of thomas jefferson. For just 70 miles north. From 1903 until the early 1940s they played a key role in every important legislative debate. Its colleagues in the house, later in the senate, both democrats and republicans, as the go to expert when it came to baking issues. Our glass was a consummate politician. He was an expert when it came to reading the political tea leaf and crafting compromises that could be passed into law. He was wheeling to empower the federal government in his judgment circumstances were warranted. Twelve roosevelt progressive, he shepherded the most important progressive new deal reforms through the senate. Turn class had assault, he can be grumpy, but mostly in private. He was not a proponent of racial equality and thats putting it mildly. And he was a democrat. That was a joke. [laug