And theres more on the race to become britains next Prime Minister on our website including a look by our Reality Check Team at claims made in the tv debate. Now on bbc news, live to singapore for Asia Business report. Said in focus. The us essential back bank set to make a highly anticipated Interest Rate announcement. And plastic planet. We took to the streets to find out what people think about a rising tide of trash. Hello and welcome. Im sharanjit leyl. Trash. Hello and welcome. Im shara njit leyl. Local trade tensions, geopolitical uncertainty, well, its all playing on the minds of the worlds central bankers will stop the most important, the Us Federal Reserve, they will be talking about their plans to cut the cost of borrowing. The bank of japan and the bank of england are set to update us on policies this week and in australia, russia, india, chile, guess what, Central Banks have all recently lowered rates while australia has hinted of more rates to come. It triggered us Presid
Prompted widespread fears and borrowing has prompted collapse. Fears of and, information sought on accounts involved in the elections. We have struggled to hold onto the gains we saw earlier this morning. Today, the u. S. In the red. The only sector still up was technology, but barely. We had that rally, but tech lost ground based on some of the details on the tax reform bill. , want to pull up this chart 879. It shows you how investors have been anticipating the tax bill will be bearish for tech stocks. Shares underperforming since the end of november as more details that come out on tax reform. David it has become a real problem, especially in asia. We have been down for seven days. Four of those dames with the kleins of more than 1 . It has been a drag. Declines ofhose it more than 1 . It has been a drag. Lets look at markets in new zealand, kiwi dollar underwhelming. Gdp,straight come big day, rba Rate Decision not to do anything,. 1 . Yields lower, bonds up, aussie dollar unchange
About trading in private venues. Two figures joined the race to be deputy fed chair. We have the low down and their cvs. Betty it looks like a second month of disappointing industrial numbers from south month. Up. 2 month on expectations were for a rebound from that is small prior month in october. The expectation was again of 1. 3 . Also a decline of 1. 6 year on year, worse than the no change expected by economists. Ands. Saw huge plunge factory output distorted by the holidays in south korea. The expectation was there might be a rebound from those numbers. It looks like there was, but still not what economists had expected. We know these numbers are choppy, but the chip boom and auto exports, that has been expected to help industrial output numbers, but looks like not quite what economists had hoped for or predicted. Again, a lower than estimated numbers, up to 2 month on month. In the u. S. , we saw markets edging higher at the close. Changing nasdaq barely , the dow adding 30 poin
Today. Down more than 10 as shocking Sexual Assault allegations about casino mogul steve wynn emerge lets get to Contessa Brewer in the newsroom with the details in the developing story. Reporter these allegations date back more than a decade and the wall street journal outlines a pattern of Sexual Misconduct by Ceo Steve Wynn the report details multiple instances of alleged misconduct including an assault against a manicurist who was awarded a 7. 5 million settle men and many other forced sexual encoupers with employees wynn says the idea i assaulted any woman is preposterous. And then he blames his exwife for instigating the allegations. Her lawyers tell the wall street journal she was not involved there a representative from the company says blamed her. Again, the attorney said she is not involved in those allegations. Wynn owns a 12 stake in the company, is regarded as crucial to its success before the company went public it wrote in its s1 filing our ability to maintain a Competit
The end of the day. The nasdaq earlier this week daysile, closing down two for the first time in 2018. Overall a bullish tone here. Up four basiseld, points. The havens bonds are selling off , completing a risk on picture. A team of strategist said bank of Americamerrill Lynch say the bonds selloff might be a little bit stretched. We are looking at the 10 year yield in relation to the 200 Day Moving Average, and it has gotten well above the 200 Day Moving Average by about 30 basis points. It tends to move back down to the mean then. So in other words, the 10 year yield might fall back down 2. 3 . In that case, bonds would be rallying and it would be a risk off tone. But today, risk on. Lets look at two of the major winners, intel and abby. Afterat its highest level beating estimates. They gained an optimistic outlook for the Current Quarter for the full year, and some relief for investors that the chip design flaw is not waiting into the forecast. , up 12. 9 k at abbvie after beating a