Saved if the building had been evacuated sooner. The london fire brigade, clearly, the people running the london fire brigade need to learn the lessons and apply the lessons of this fire and previous fires. Residents flee parts of los angeles, as some of the citys wealthiest areas are threatened by wildfires. Two british men have been seriously injured in a shark attack in australia. Beware of the boks Jonny Wilkinson is urging england not to get over confident ahead of the Rugby World Cup final saying south africa are incredibly dangerous. And coming up on the programme, the team for next years Invictus Games has been announced, at a special event in london hosted by prince harry. Good morning from westminster, where in the last few minutes the labour party has signalled support for an early general election. Addressing the shadow cabinet this morning, Jeremy Corbyn said, we have now heard from the eu that the extension of article 50 to 31st january has been confirmed, so for the next
Ride still means it is far too early to say hello. Welcome to bloomberg daybreak asia. I have some breaking news. South korea data coming in. Gdp numbers first. The final reading of the Third Quarter readings. They have been quite bullish in the preliminary numbers driven by exports growth out of south korea. 1. 5 are the final numbers, slightly better than the preliminary figures. Also, above what the preliminary numbers werent that were reported earlier. Inflation also coming out pretty tepid. A decline of 0. 7 . A retraction. No change was expected month on month. And year on year inflation falling short of forecasts, 1. 3 . It was estimated to be 1. 8 . And core cpi year on year toling short, 1. 2 compared the estimation of 1. 7 . Happening asion is the bank of korea raises things by 25 basins basis points. Have raised said we rates but it is still very accommodative. Paul it will be interesting to see what the bank of korea goes to next especially considering the weaker than expec
Investments, as well great to have you all here get to you in a second but i want to start with you, lee, if i could. Why are you speaking out its a good question. I dont have any dog in this fight. I retired from the board five years ago. I made a mistake i gave all my stock to charity i should have given cash, because the stock has almost tripled in the five years that im off the board. But i feel and i have, like i said, in dog in the fight. And i know and respect bill ackman so its difficult for me but notwithstanding, i consider his behavior to be, in this instance, somewhere between foolish, inappropriate, and irresponsible. And i feel its my job to speak out and speak my view. What was your reaction, though, when you sort of first found out that he was i was somewhat incredulous. Let me explain, basically. Ben graham wrote a book, i think in the mid50s called the Intelligent Investor and he pottsized in that book that an an analyst evaluates management twice in the decisionmakin
A stinging attack on londons brexit preparations. How close to the mark are his comments . Well talk about all of those issues. Lets talk about where the markets are now. The nikkei out of the gate this morning, playing catch up by 2. 5 . Keep an eye on that. Really interesting story. Were watching whats happening with whole milk. Were talking about whole milk. The reason im talking about that is it has had an impact on the kiwi this morning. The yen is down by. 2 . The others a little bit higher. Were watching the continuation of the story. Plus oil prices. A quick indication where equities are going to go today. We think well see a positive session. Lets get a first word update. Guy, thank you. Britains Prime Minister needs to be told the uncomfortable truth about the difficultiesor negotiating brexit. Thats according to theresa mays former envoy to european union. He quit as the u. K. s permanent representative to the e. U. Yesterday and urged british officials working in brussels t
Hell drive down costs. With ceo ben then burden shortly. The r. B. I. Governor will not be drawn. This after leaving rates on hold today. We are less than half an hour away from the European Equity market open. It looks like a fairly fairly stolid a fairly solid start to the day. This is what you want to look out here. This is the percentage risk price. The ftse is liking a little bit. European isor looking up a little bit. A solid start for european stocks. We have solid gains across the board in asia. I am showing you only the nikkei and the hang seng. Some of the smaller indexes, especially in china overnight were negative and have now turned positive. Games and equity in asia, games and currency as well. The centralollar as Bank Leaves Rates Unchanged but gets a little bit more dovish and it leaves its main benchmark rate unchanged. It gets a little bit more dovish because it is not seeing the inflation that it would like to see. The pound up 1. 5 because of thin liquidity and high