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
Itsco prepares to make trading debut in riyadh. Reports say it is considering a secondary listing in asia. I want to get you to some breaking news out of new zealand. We have a fiscal update for you. They are cutting the Budget Surplus forecast. It now sees a budget deficit in 2019 and 2020. And smaller updates after that, specifically 943 million deficit. This is a previously forecast billion dollars. Returning to forecast the following years, but only just. Forecast was for 2. 1 billion. Growth of 2. 1 seeing a sharp wasward revision from what previously forecast as well. 2020 is an Election Year from new zealand, too. Just some headlines there. Thats get straight to the Market Action with Sophie Kamaruddin in hong kong. Sophie lets kick off with tokyo. Topix withand divergence. The end is Holding Steady. A bunch of event risk including the u. K. Election and the upcoming fed decision in hong kong with that tariffs deadline on sunday. A 10 year yield hovering around zero. Lets switch
A 3rd party. They do, thatd be much more nice up the color collection would be, i mean, on the government of india website rather than the fault. It is. Hold on to the sketch here. Jealousy, restrict will lead up. The Republican Party slammed a new Us Justice Department special council investigating the bite and corruption allegations, claiming the move a stalling time and white washing the president s family. The good morning for moscow, this is our T International with the latest and world news. Today. Im here, elizabeth. Great to have you join us. Before our top story, we begin with some news out of russia. The Russian Ministry of defense says ukraine attempted a terror attack on crime yet overnight using drones. All 20 you avis were taken down. There were no casualty use or damage to infrastructure. During the attack, the crimean bridge was shut down. The traffic has since resumed. Now to the african region where it go was member cobble very day has spoken out against the west Afri
Tenyear yield did fall below 2. 3 on the third miss in a row largely better than expected from jpmc and wells and earn,s season kicks off. A big week for retail walmart gets an upgrade from goalsm Goldman Sachs. Financials are driving, but is the real consumer economy primed for a rebound Jpmorgan Chase falling despite posting better than expected Quarterly Results the bank got a boost from lending but hurt by weakness in trading. Jamie dimon says, the u. S. Consumer remains healthy, evidenced in our strong underlying performance in consumer and Community Banking wells fargo with an earnings beat and a revenue miss and citi exceeds on the top and the bottom line. All these names have had quite a run since the election not hard to know how much they deserve today in light of what the macrodata said the results would give me the message that things are on track. Going roughly in the direction expected and theres improvement there. Jpmorgan, 12 return on equity thats one thing that stands
A troop surge in afghanistan, president obama was skeptical if not outright convinced that it would fail. And this continues the writing that i never doubted obamas support for the troops, only his support for the mission. And press secretary jay carney today and they said when asked by the president if we would send our troops into harms way without believing in the mission. Jay carney would not answer directly whether or not the claim is true. While seeming to hold that bill gates himself responsible for the final decision. You would not make decisions surging u. S. Troops without a thorough debate of the policy objectives in the options available to achieve those objectives and a third debate of the proper focus of the mission and what it ought to be. That produced a policy as others have said and secretary gates was one of the coauthors, if you will who did just that. Lou witnessing a shocking conversation between Hillary Clinton and the president. The two former senators allegedly