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The highest ranking executive to leave amidst the 737 max crashes. China isreport saying planning to replace embattled chief executive carrie lam. Australian markets back online. Thats turn to sophie for what to watch and markets. Little australian stocks changed after a twoday gain. Plenty of corporate updates. A potential earnings downgrade looming. They maintained their fiscal guidance in the face of two reports from short seller J Capital Research. On itsnstruments slumped weaker than expected forecast, warning that customers are more cautious in cutting orders. It is back online after the enthronement ceremony. Stocks falling 1. 7 and wellington, led lower by power providers. Rio tinto reviewing options for its aluminum smelter i. The deficit narrowed more than forecast. A quick check on bonds this morning, aussie and he read 10year notes reversing course after a fiveday decline. Treasury futures slightly higher after cas ....
Testifiesller finally but his longawaited appearance falls somewhat short of democrat hopes. Shery we have breaking south korea gdp numbers for the Second Quarter. The preliminary numbers year on year are seeing growth of 2. 1 , which is better than the expected 1. 9 growth. It is also an acceleration from 1. 7 in the First Quarter. Quarter on quarter, those numbers also avoiding a technical recession after contracting 0. 4 in the First Quarter. We are now seeing quarter on quarter growth of 1. 1 , which is better than expected. It seems that we have seen more Government Spending and south korea. The contraction that we saw in deceleration in the First Quarter came from local governments not spending as much. ....
ticking time bomb, only 18 days until u.s. possibly default on its debt. the ripple effects across the global economy. congress leaves town without striking a deal. we re live on capitol hill with the latest. plus, a new dubious distinction for the twice impeached indicted ex president donald trump, he s the only former president of the united states to be held liable in civil court for sexual abuse. how the controversial cnn town hall where heat trump s repeated lies, could it get him more legal travel, that is ahead. and, exposing extremism, texas idaho murders online live revealed neo-nazi and white supremacy ideologies. later, who has infiltrated these far-right hate groups takes us inside these concerning surge of hispanic white nationalists. all of that is coming up. and a good saturday morning to you, i am katie phang. we re gonna start today s show with the hourglass quickly running out for congress to take action on the debt ceiling. lawmakers left capitol ....
We are about 30 minutes out from the open in china and hong kong. Very interesting couple of days to come. We are keenly watching the u. S. Inflation report. Disappoints if cpi to a market that has been awkwardly repricing. Were also passing these comments from jay powell is saying that nothing has changed. Also a reminder, the last trading day for mainland markets before they shut down for the oneweek holiday. The last trading day of the year of the rooster. A modest recovery story playing out a link the lead from wall street. David, it is a busy day in terms of investors passing the data. David there is a lot of data coming through. As you alluded to, there is an Inflation Report that we are stuck between that. We are waiting to exhale or to gasp. Yes, you are getting gains but they are capped. Across the getting likes of gold, the dollar is back below one. 08. 1. 08. That is essentially a picture across the region. Little hig ....
Some good news in australia, the . X up 1 3 of 1 thailand has just come online. Pretty flat. It was growing by 2. 8 in the second quarter, pretty much bang on estimates. I will get to currencies in just a moment. Witness coming through the rest of the asian region. Weaknessdown 1. 5 coming through the rest of the asian region. Malaysia down 1. 5 . The shanghai composite down by 3 4 of 1 . The only sector higher in that market is health care stocks. Most of the weakness is moving in following the gains we saw on the shanghai composite on friday. Lets have a quick look at the malaysian ringgit, tingling its slide against the u. S. Continuing its slide against the u. S. Dollar. Its at the 17year low, levels we havent seen his 1998. Other currencies under pressure seen since 1998. Other currencies under pressure. The socalled troubled five could become the troubled 10. The south korean won is down. The thai baht also falling. Those currencies doing a woozy. Chinas economy could be growing ....