i m erika nzalez. iat lawson muse. in just a few hours former trump caaign chairman paul manafort will learn his prison sentence. he was convicted of several financial crimes a failing to report for and lobbying. thencing guidelines for those crimes could put manafort away for more than 20 years and for a man that turns 70 next month that could be a life sentencett tracie pos has more fm capitol hill. reporter: 69-year-old paul manafort finds out today if he ll get the maximum, 24 years after a federal jury in virginia found him guilty of failing to report $16.5 million in consulting fees with a ukrainian government. the justice department say manafort repeatedly and brazenly violated the law. he cut a deal but lost it after lying in witness tampering while on bail. next week in washington, manafort faces another ten years on similar charges, none of it connected to the trump campaign. meantime, former trumpmi lawyer ael cohen delayed reporting to prison to finish tes
policy. biggestnd the world s signess carrier subscribers and sees a return to profit. we are in the beating economic heart of this city. the president once to see it emulated in the northeast. we will bring you that story rishaad: taking a look at airline stocks. downgrades, china southern and china eastern, all getting the downgrades. the reason why, let s bring up this chart. it is morgenstern s contention china s international travel boom is over with. we will get steady growth, not still are growth ste llar growth. passenger traffic trending down. that is the contention. we are looking at those stocks at the open and more. haidi: absolutely. the chinese carriers have been adding capacity. amp up competition with the carriers. we are about 30 minutes away from the open. what will be interesting is the resilient of the rally we are seeing. based on just one comment from the treasury secretary saying these reforms will come soon. no detail at all. the markets taking it
flat in the first half hour on the shanghai markets, the kospi point 6%, mixed movement in southeast asian equity markets. fixave been seeing the yuan stronger again. the offshore renminbi weaker at 6.8842, the pboc setting parity today. a little bit stronger there. of course, the yen in focus, continuing that rebound against the dollar. the dollar index for a weekly loss. it doesn t look like it may hit oft morgan stanley target 116 by the weekend, so more of a resurgence in that currency. elsewhere, yields continue to rise in australian and new zealand bonds, up nine basis points on the 10 year note, 2.88 percent on that yield, the highest level since january, so bonds still out-of-favor. japanese 10at the year bond, some movement coming through there, just above that 0% mark, so a little bit of exhaustion today. haidi: thank you for that. the monetary authority of singapore is slapping financial kennedys on local bank branches for anti-money laundering breaches. rishaad: l