The Chinese Market has been pretty resilient amid the turmoil. The nikkei to do five higher by 6. 7 . Bluechip stocks stocks looking attractive, up 0. 8 , the cheapest since 2009. Wont be surprising for investors to be picking those out. The rest of asia was pretty much down. The hang seng rising 4. 5 . The benchmark in new zealand higher. Lets flip the board and see where we are in terms of futures. A higher open. It is surprising unlimited qe did not raise the s p more than most people thought. Futures acrosstheboard pointing to a higher open later today. Now, hong kong is taking drastic measures after a surge in imported Coronavirus Infections. From midnight wednesday they will ban nonresidents from visiting for 14 days and will stop bars and restaurants from serving alcohol. Lets bring in stephen engle. Lets start with these latest measures. Why is the government feeling they are necessary . Stephen last week they put in another step where they required a 14 day quarantine for all
After reporting better than expected earnings ahead of the launch of its streaming service next week. And we have a big interview coming up in just a few minutes. Billionaire investor leon cooperman says he will support fellow billionaire Michael Bloomberg if he runs for president. Cooperman joins me exclusively to explain why joining us for the hour is mark tepper from Strategic Wealth partners mark, great to have me here. Thanks for having me, appreciate it. What is your take on the market we saw record highs this week, but seem to be moving sideways here today yeah, so, overall, investors are definitely riskon right now, because of this trade optimism i know trump said today that maybe there has been no agreement with regard to rollbacks and tariffs. But nonetheless, risk is on. And were seeing this rotation now out of bonds, into stocks. Were seeing a rotation out of defensives, which had been leading the market into cyclicals. And really, one of the biggest driving forces right no
As always, much more on our website with lots of analysis and back round detailed to all our major stories. Now on bbc news, live to singapore for Asia Business report. Donald trump says its likely iran was behind the attacks on saudi arabia, but downplays talks of going to war. Crisis hit city tried to get Public Relations firms to fix its reputation. How the crisis hit. Good morning asia, hello, world. Its tuesday, glad you could join us for another exciting addition of Asia Business report. Im rico hizon and with the local energy markets, its been a tumultuous 2a hours for markets in the wake of the attack on saudi facilities on the weekend. After soaring into double digits yesterday, the cost of crude has risen in asia this morning and donald trump said it looked like iran was behind the attacks but added he didnt want war with anyone. That was a very large attack, and it could be met with an attack many, many times larger very easily by our country, but were going to find out who
One of the worlds most valuable tech firms, apple, is heading to court in a bid to overturn a multi billion dollar tax bill in back taxes in ireland as part of a landmark case in the eus crackdown on tax avoidance by multinational companies. Three years ago, the European Commission ruled apple received illegal state aid from ireland when it effectively paid only a 1 tax on its profits. The commission ordered ireland to collect 14 billion in taxes from the firm, and apple is appealing against it. But its not the only tech giant under the spotlight. Last week, google paid 1 billion to settle a french investigation into whether it had underpaid taxes. The Search Engine giant pays little tax in many European Countries because it reports almost all of its sales in ireland. In a bid to close tax loopholes, france earlier this year passed a new Digital Services tax, meaning large multinationals will have to pay a 3 tax on sales generated in france. The European Competition commissioner, margr
How vulnerable are states to outside attacks . And why the socalled tech lash has only made facebook stronger. 10 straight weeks of antigovernment protests in hong kong are raising fears about the one country, to systems policy that has prevailed since the british hand over. We have been talking about it almost every issue, ever since they broke forth, but what really happened was the airport, clashes at the airport. We really felt like it had become a tipping point, all eyes on hong kong. When we really stepped back and thought about the perspective we could bring to this story, one of the things that came out of the conversation was where is it coming from . One of the things we realized is ,hat it is about 24 7, 2047 when hong kong was handed back to china, one country, to systems being this guiding idea for how it would be managed. That is the Expiration Date for that. When you think about the stakes of the situation, five years out isnt enough time to solve that 10 years out isnt