At the table, we have u. S. And we have the chinese reformers and we have the chinese hardliners hsbc is reportedly set to slash up to 10,000 jobs as they look to cut costs on the new interim ceo. Buyer shares tick higher after another trial over the roundup weed killer is delayed the German Chemicals giant is inching closer to an out of court settlement. And ams fails in its 4. 5 billion euro takeover bid sending shares in the german Lighting Group lower, but they tell us the company is open to collaboration with the austrian chip maker well, good morning and welcome to street signs. Its the start of a new trading week so lets get into some of the price action wall street saw a higher close on friday. We had goldie locks employment report the headline number came inside lower than expectations still showed pretty firm backdrop with Unemployment Rate at 50year low. That yielded to somewhat of a mixed session for asia the focus overnight has shifted to those upcoming trade talks taking
A 100000000. 00 pledge to help families and communities affected by its deadly max a crash. And a fizzle and lets do business hong kongs Business Community is on edge prodemocracy lawmakers say a big police round up could trigger a moron racist its been over a dozen arrests announced following mondays violent protests the Business World is following this closely some foreign Wealth Managers are thought to be scrapping plans to open offices in hong kong in favor of singapore has been weeks of demonstrations over a proposed law that would have allowed the fishes to extradite alleged offenders to china including foreign executives one european wealth has told reuters clients a wary of investing where they may have to be where they may have to close for safety reasons. So its a. Type a is now type a office what what does the Financial Center think about these protests so well i think people agree that confrontations and outbreaks of lawlessness in hong kong could damage its reputation as t
Of threatening the Global Economy restrictions coming into effect today all materials bound for seoul used in south korean chips and spot for displays this will affect the countrys tech firms and could slow down the whole export process by several months relations between the 2 countries have sowed dramatically in recent months after according to south korea or Japanese Companies to compensate for wartime labors at a fine japan says the issue was settled decades ago and is now could explode spiral to south koreas Tech Industry citing National Security so as trade minister says the move violates World Trade Organization rules even if the. Measure damage the economic relationship between our countries but it is also expected to grossly affects the well trade and corporations in 3rd party countries. Michael paine joins us from tokyo how much is this going to affect global trade do you think. Well as the actual measures which the japanese put into place i dont think are going to have a hug
During world war 2. In october of last year south koreas top of course up held an order for japans need paan steel to pay compensation to forced laborers. That landmark ruling triggered a bitter dispute between the 2 countries about how to deal with further demands from victims of forced labor. As the sparks over history escalation japan retaliated with an unprecedented move on trade announcing it would be restricting exports of highly specialized equipment needed to make semiconductors and computer just play is the measure designed to hurt south koreas high Tech Industry prompted a furious response from seoul to not only does to parts matter damage the economic relationship between our countries but its also expected to grossly affect the world trade order and corporations and 3rd party countries. Japans Prime Minister shinzo out but he denies accusations he is using business as a bargaining chip for dealing with his countrys history. We did not mix up historical issues with those of
Here we go. The first snow of the season ant accumulate in parts of our area. Just look at it coming down in Sussex County, delaware. Look at the the trees. Thats not all. We check out the boardwalk in wildwood, new jersey. A blanket of snow there. And not. Thanks for joining us tonight at 11 00. Im dawn timmeney. Time to put down that leaf blower and pick up your snow shovel. Winter storm is sweeping our area. We have Live Team Coverage for you. Our brad sattin down at the shore with everything you need to know to get prepared. Dave kinchen is on top of Road Conditions lets start with meteorologist Scott Williams with what areas will see the most snow, scott. There, dawn it looks like areas south and east of philadelphia in particular southern sections of delaware and sections in south jersey away from the immediate coast. But look at ultimate doppler a lot of moisture moving through the carolinas and virginia crossing the chesapeake into southern delaware and also into Cape May Count