This is Bloomberg Markets asia. Rishaad lets have a look at the big one. 189s bring up this chart, on the bloomberg terminal. What does the show . Unemployment rate. I refer to that because it is the big yoelater. At unemployment, Holding Steady at record lows, or decade lows, i should say. Seasonably adjusted. 4. 1 here. Wage, wet the annual ratehe unemployment go down. We go back to 2008, and wages are pretty high. Then, they plummeted at the Unemployment Rate went up. Around the 10 level. This is a fine line. Unemployment versus wage growth. More wage growth needed to engender some sort of inflation to take the inflation rate in the u. S. Higher. Likeng at that, something 8 30 hong kong and beijing time. Dont hold me to that. Im not sure. [laughter] haidi here in asia, it is pretty data light when it comes to the inflation. Reserves looking m at the impact. Global synchronized growth story. 30 minutes out from the open in china and hong kong. Singapore, thailand, malaysia, joining a
Dollars. Feeling chipper. They beat the Fourth Quarter preliminary sales experts. Steve bannon makes a public apology to the u. S. Presiden saying his support for the white house is unwavering. Meanwhile, donald trump plans to fire a few and says he is a very fatal genius expected, u. S. Mar did see another very strong day on friday with all of the majors, dow, s p and nasdaq making new record highs. Also notably russell 2000 did make new record highs as well. At europe the stoxx closed up higher i should tell you that this takes the stoxx 600 to the highest level since 2015 everything seems to be starting off right for 2018 lets take a look at individual european indices the only laggard seems to be the ftse 100 today we are expected to get the announced u. K. Covenant announced by Prime Minister theresa may. We look at how the holiday sales are going. Dax another strong day up 4 the picture apart from the u. K. Is looking quite well. Autos is the number one sector and has been so for
Winter games Opening Ceremony in. A big step forward for korean relations right now we will have the latest live from seoul. The greater threat becomes. Appreciation or respect for the given to the palestinians its been. Going to look at how much of an effect it will have on the u. N. Agency which is looked after the spice palestinians for decades and after russia and then. There is a. Twenty twenty six but the first if competition from a joint offering mexico canada and the United States. This. Show you still has tagged aging expects. You with a news great to live on air in streaming online through you tube Facebook Live and around zero dot com and in the past ninety minutes theres been a Big Development on the Korean Peninsula south Koreas Unification Ministry has announced that north and south korea will march together at the Opening Ceremony of the olympic winter games in chiang next month this is a pretty big step forward and not just symbolically theres also going to be a joint w
Applause and after Donald Trumps first state of the Union Address dateline london looks at whats next for his beleaguered presidency. Thats in half an hour. Good morning and welcome to bbc news. A group of mps is warning that cuts to the Royal Marines would rip the heart out of one of britains elite fighting forces. The government has reportedly been considering axing thousands of marines and getting rid of two warships they use to launch beach landings. The Defence Select Committee says the cuts would be militarily illiterate. Daniella relph reports. The training, known for being tough and arduous. 6500 Royal Marines go through it to make them amongst britains elite fighting forces. Known for their versatility and their ability to respond quickly to situations around the world. The Royal Marines also provide up to half the personnel for the uk special forces. The Defence Select Committee report warns that further cuts to the marines would damage their ability to be a High Readiness un
Welcome to bbc news. The home secretary, amber rudd, says the uk will continue to seek a bespoke deal on leaving the European Union and she insisted that differences between cabinet ministers over brexit policy have been exaggerated. A Cabinet Committee will meet this week to discuss the governments approach to negotiations. Heres our political correspondent, susana mendonca. Watching the dragons in action on a trip to china last week, the Prime Minister was all too aware that her backbenchers at home were fanning the flames of division over xebgt. Some brexiteer have been painting a picture of disunity on the governments front bench. Now one leading member of the cabinet has pushed back. I have a surprise for the brexiteers, which is the committee that meets to help make these decisions is nor united than they think. We meet for discussions, i think we will arrive at something which suits us all. Assessments think week that had suggested the options for a post Brexit Brexit deal with