they are suspending trading in hong kong. we don t know the reason for that but we will bring you the reasons when we get it. backdrop, the hang seng up by half of 1%. the authority spending a lot of money to defend the dollar peg. that is something on people s .inds as people make a rush 0.5 toi composite, about the downside. of what istrends going on as far as market action in this part of the world. let s look at some of the first word news. president trump seems to have abandoned any hope of a virus package before the election next hek, telling supporters that sees a deal coming after the votes. package covid-19 continues to soar in the u.s. in newlizations jumped , ando, 50% in wyoming elsewhere in connecticut. france is planning a nationwide lockdown bid one in four airports in europe are collapsed as the virus europe face collapse as the virus stifles travel. kar inion people in kash were said toince have undergone checks over the weekend. authorities found five co
changes unseen in a century as he prepares for a major speech on taiwan. meetingt trump calls a of top congressional leaders after suggesting he is open to a deal to end the government shutdown. breaking economic data crossing the bloomberg now. singapore s fourth-quarter gdp rating is out. quarter,the fourth adjusted quarter on quarter. was what the market was looking for. year on year coming on 2.2%. expectations of 2.5%. the revised movement coming through as well. 3.5%. 2.2 percent to 3.2%. we did hear from the prime minister overnight for his new year s address, basically saying that over the course of the year we did see singapore s economic growth hold about a 3%. singaporering that will unveil its 2019 budget on february 18. the prime minister moving to really transition into the new leadership. certainly a miss on this three for the fourth-quarter adjusted 1.6%. let s have a quick look at the markets. is very lonely on the gmm function today. new zealand and japan st
good morning, everybody. welcome from wherever in the world you re watching. the bond market in the united states is back open after the columbus day holiday yesterday and the higher interest rate story is back on bond yields continue to move higher earlier overnight we hit 3.25% that s a new seven-year high for the yield. look at that 3.25 new seven-year high. many on wall street say around this point or 3.5% is when we could see a hit on stocks. futures are indicated lower again. not by a lot futures are down some as interest rates rise. many of you have been asking so let s give this the worldwide exchange treatment and make it simple it s 5:01 in the morning here are four reasons why you and the market need to care about the higher rate story. first, you as a consumer, it s obvious. as rates rise the cost of that debt for things like home loans, car loans can go up leaving you with less cash companies care for the same reason like your household budget, when interest co
investors brushed off comments from the chair of america s central bank, jerome powell, who s ruled out an interest rate cut next month. isaac poole, the global chief investment officer at 0reana financial services gave us his outlook on the interest rates and the markets earlier. what we are seeing here is the market really continuing to expect significant rate cuts from the fed and that has helped drive forward returns, as you say, this target was what we were expecting to hit at the end of the year, but we have seen a little bit better than expected economic data is also helping optimism, that earnings growth might pick up a bit in the next few months. so this is all bit in the next few months. so this is all about expectation for rate cuts, mr optimism because of strong earnings? i think it really does reflect rate cut expectations and a growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and
this stems back to 2017, following his role as vice president. but special counsel robert hur has decided not to pursue criminal charges against mr biden. mr biden cooperated with his investigation, and guilt could not be established beyond a reasonable doubt. mr biden previously admitted that a handful of documents were filed in the wrong place, and said that he had immediately turned them over to thejustice department. he defended keeping hold of them saying they were locked in the garage at his delaware home. here s what he had to say about thursday s report. now, i have seen the headlines about my wilful retention of documents. this is not only misleading, butjust plain wrong. he butjust plain wrong. insisted his memory is fine. the he insisted his memory is fine. the special counsel said the president had presented himself as a sympathetic well meaning elderly man with a poor memory. in remarks that took a personal and combative tone at times, president biden said despit