actually, if people are law-abiding, 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. it s a matter of sovereignty of the country. 18 after basic law, there s 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 r
economist poll were expecting 54.2. so it is well north of that. the jobs number we ll wait for the details of that tomorrow. i m really curious as to what is happening in the employment picture right now. but over the next few days, we ll get more employee information on that following last thursday s 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 we re 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 world s 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. that s going to be with us as the global economy is likely to
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 we ve been paying close attention to these big trade headlines. how much is this influencing what we re seeing on wall street these days i think it s overstated as to how much it s actually influencing wall street. i think there s two things at this point the first is that there s so much liquidity being pumped into the marketplace by central banks. they just announced another round of qe, even though they re not calling it that. and you ve 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 can t afford to miss a rally you see this synthetic short base, where people are long cash, and that s why sell-offs like today, you re not seeing a whole lot of follow-through, because need to hold until the end of the year. ian is with us
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. upy s, nordstrom, up, kohl s 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 in
smaller amount. fed volume at a low today. we should mention the nasdaq, we are seeing tech sector drag things down led by apple. a number of analysts have been out, with low project deshler projections for the iphone x, citing lack western demand. analysts seeing a 22% drop from the prior estimate. apple falling today, it is having an impact on apple suppliers. down by 4.4%. it actually gets 40% of revenues from apple, which could be the reason it is having a tough day today. we look at retail where things are looking a lot greener today. out saying the holiday shopping season better than it is dated, better than i event in a number of years. likely to be the best since 2011. analysts have a strong sales momentum. really moving on this close-up of over 6%. perhaps they saw the little wood under the christmas tree yesterday. look at g #btv 7362. i want you to look at volatility. this chart shows we are set to see the lows devil to influence everyone to of 2017. back to you.