Actually, if people are lawabiding, they never think about endangering National Security, there is no cause for concern whatsoever. Is if therelegation is a National Security law in hong kong, the law should be enacted in hong kong by the Legislative Council. It should not be happening in beijing. The Hong Kong Government has been kept in the dark and the process. Again, this is wrong. Firstly, this is a national law. Of course if it is International Law it will have to be decided how to enact the law. Now, basic law states clearly that for matters of national , thise or Foreign Affairs is a matter for the cbg. No one would question that National Security is something outside the high degree of autonomy. Its a matter of sovereignty of the country. 18 after basic law, theres a process that allows National Laws to be added for implementation through hong kong through a specified procedure. The third point is the political reality. If you believe given the current political reality, given
Economist poll were expecting 54. 2. So it is well north of that. The jobs number well wait for the details of that tomorrow. Im really curious as to what is happening in the employment picture right now. But over the next few days, well get more employee information on that following last thursdays blowout data. But this is a very, very strong number. How did that translate into perception of what is happening with the economy now while Global Equity markets as kaley said, starting to weaken very strongly. The china data helping out. But some investors despite what were seeing, strategists saying the returns to be limited. The c. I. O. Of hedge fund capital is not particularly optimistic. The economy is in a very troubled place. Frankly, the worlds in a very troubled place. The market is across all Asset Classes, the markets are incredibly volatile. The performance within asset class is incredibly dispersed. Thats going to be with us as the Global Economy is likely to move in these fi
So we are looking at case counts going up and in equity market going up. We are seeing treasuries coming off, you see three bits today, but what we are seeing as well is a steeper and steeper curve. What does that signal, and ultimately will we see Central Banks stepping on that . What we have coming up for the rest of this program, we have a great our lined up. Lets talk about the highlights coming up later in the hour. We are going to get more oversight as to what is happening in china. Alpine chief strategist will be coming alpine macros chief strategist is joining us. Here in europe, the ecb is warning that the eurozone faces about two years of downward pressure during a webinar this weekend. The ecb president , Christine Lagarde said she does see a turnaround after that. Inflation dynamics will be impacted with disinflation to begin with, and then inflation that will occur, that we will have to anticipate, that we will have to measure, but it will be most likely based if we have a
Catalysts for investors on the horizon. With fed meetings this week and new tariffs set to go into effect this weekend. Joining us, ian winemore weve been paying close attention to these big trade headlines. How much is this influencing what were seeing on wall street these days i think its overstated as to how much its actually influencing wall street. I think theres two things at this point the first is that theres so much liquidity being pumped into the marketplace by central banks. They Just Announced another round of qe, even though theyre not calling it that. And youve got positioning, which is a very big deal a lot of hedge funds and active managers are lagging again some for the last ten years, and because of that, they cant afford to miss a rally you see this synthetic short base, where people are long cash, and thats why selloffs like today, youre not seeing a whole lot of followthrough, because need to hold until the end of the year. Ian is with us for the next hour we have
Is down by about 46 . If anything is dragging things down, in the nasdaq, tech. Apple analysts have been lowering projections for the iphone x shipments in the First Quarter of next year. What apple is doing, it is falling today. Another report by another aalysts saying there could be misunderstanding about whether or not some of these reports about demand for the iphone x relate to the iphone 8 or the iphone x, both came out in the same cycle. Heat suppliers feeling the microtechnology down 20 . On the flipside, retail doing very well. Upys, nordstrom, up, kohls most 5 . Of the most since june after a report in the wall street which mastercard stated holiday sales had risen by 4. 9 between november 1 and christmas whicheve, the best day since 2. Analysts saying that strong sales momentum. Under Christmas Trees compared to one year ago. Some of those may be jewelry. The price of gold approaching the highest close since november of 29th. The safe haven more to do with how investors wait