The u. K. Chancellors at the detailed plans to cut 12 billion pounds off of welfare spending as he delivers the first fully conservative budget in nearly 20 years. Caroline i am caroline hyde. Ryan i am ryan chilcote. It is 1 00 p. M. In hong kong. Caroline chinas benchmark index has seen its biggest intraday fall in years, plunging 1. 8 . Thats amid a continuing route, leaving only 43 of the entire stock market frozen. This is a day after hong kong and chinese shares entered a bear market. Ryan shares on the shanghai composite have plunged by ron 30 this year since the peak about a month ago. David english is in hong kong where the hang seng index has also plummeted. David . David a very good morning to you guys. It was a very eventful morning session, and right now its 1 00 p. M. In hong kong, and we are just getting underway. Just to recap what has happened. About our before the Chinese Market opened, you had this flurry of headlines Chinese Companies announcing that their shares ar
Turkey is ramping up its fight against Islamic State even further. It has agreed with a plan to push i asked out of the strip. It is the latest in a major tactical shift in the fight that began with airstrikes last week and providing u. S. Access to bases in turkey. Its not just i asked that turkey is targeting. Strikes a been reported against an old foe. The kurds. All eyes are now on this border. It separates turkey from syria. Last weeks bomb attack was a sign that the conflict is spilling over into its northern neighbor. They are promising to create a buffer zone in northern area. Intervention in syria could bring it in the conflict. This unverified outage is a syrian town. Washington has been providing air support as they fight aground or. There is concern that the u. S. Coalition airstrikes have effectively enabled kurdish fighters to reinforce and endeavor to create a coalition nation. That kurdish state could include parts of turkey. It has been fighting separatist for decades.
Jewish athletes arrive to compete in berlin, a choice of location that hasnt been welcomed by everyone. Turkey is ramping up its fight against Islamic State even further. It has agreed with a plan to push i asked out of the strip. It is the latest in a major tactical shift in the fight that began with airstrikes last week and providing u. S. Access to bases in turkey. Its not just i asked that turkey is targeting. Strikes a been reported against an old foe. The kurds. All eyes are now on this border. It separates turkey from syria. Last weeks bomb attack was a sign that the conflict is spilling over into its northern neighbor. They are promising to create a buffer zone in northern area. Intervention in syria could bring it in the conflict. This unverified outage is a syrian town. Washington has been providing air support as they fight aground or. There is concern that the u. S. Coalition airstrikes have effectively enabled kurdish fighters to reinforce and endeavor to create a coalitio
Boosts guidance shares higher. Disney, cbs and fox slapped with downgrades at wells fargo and sprint ditches contracts. Youll hear what the ceo had to say about that. Walmart did miss the q 2 results. The retail giant also lowering the fullyear guidance. Home depot raising their full year outlook. Revenues beat consensus with total comps up 4. 2. A year ago up 6. 4. People said today its hard for walmart to argue the consumer is weak when depot is killing it. Home depot is remarkable. They dont put up new stores. The technology, salesforce. Com, the merchandising, the staff, the energy, the low cost, the fast in and out, contractors coming back, the amount of money being spent on a call. The Conference Call will explain the areas theyre doing better. This is a juggernaut. Home depot is probably the best right now in terms of this kind of big box. Walmart. Its not the worse we have. You went down there. I thought the moment was selfafacing about what they have to do. I watched that inte
The economy stagnated in the first quarter. The bank of japan governor remains totally confident his policies will work. Told hiskuroda audience that there are many ways for further action. Do let us know what you think. Follow me rishaadtv, include trendingbusiness. Greater china markets under way and half of power. Singapore giving its verdict. Heres david. David when we do get that open and hong kong, we will see gains. Let me take you around the world. Marketsstellar gains, are closed. Look what happened in u. S. 500ets, 1 gain for the s p , levels last seen early december. Brazil was up 2. 2 , reflecting the rally across emerging markets, equities, and currencies. Asia, where looking at green. Japan, 2 . Malaysia sing some downside. The equity markets in malaysia have not been playing ball. Lets see what happens there. Oil pulling back slightly. Coming out of the central bank there, but the currency has seen a sharp move. Aiwan underrating and overrating chinese, j. P. Morgan. If