Record employment for the for the year of 2019. That is the Silver Lining as well. We are still waiting for new credit data out of china which deadline, within the the 17th of this month. That is when we get to gdp numbers as well. Su keenan in new york. Su lets start with proand antigovernment demonstrators facing off in central tehran over the shooting down of a passenger jet last week. All 176 people on board the ukrainian plane died when it was head by two missiles asked fired by the revolutionary guard. Iran initially blamed technical issues for the crash. Is calling forni a special court to investigate the disaster. The entire world is watching. In the u. S. , the senate is withg closer to a review democrat tim kaine saying he has enough republican votes to pass a bill limiting the president s ability to launch an attack without congressional approval. The news reflect bipartisan dissatisfaction over the administrations very best varying justifications for the drone site strike i
Itsco prepares to make trading debut in riyadh. Reports say it is considering a secondary listing in asia. I want to get you to some breaking news out of new zealand. We have a fiscal update for you. They are cutting the Budget Surplus forecast. It now sees a budget deficit in 2019 and 2020. And smaller updates after that, specifically 943 million deficit. This is a previously forecast billion dollars. Returning to forecast the following years, but only just. Forecast was for 2. 1 billion. Growth of 2. 1 seeing a sharp wasward revision from what previously forecast as well. 2020 is an Election Year from new zealand, too. Just some headlines there. Thats get straight to the Market Action with Sophie Kamaruddin in hong kong. Sophie lets kick off with tokyo. Topix withand divergence. The end is Holding Steady. A bunch of event risk including the u. K. Election and the upcoming fed decision in hong kong with that tariffs deadline on sunday. A 10 year yield hovering around zero. Lets switch
Dominate the top pay tier. We will discuss why the chipmaker chose now to release the information. And automation transportation. A selfdriving semi makes its first crosscountry freight run. We will hear from the company who performed this feet. But first to our top story. Stocks barely moved on the day as investors continue to wait for news on the potential december 15 tariffs. On the year, it is a different picture. Joining me to talk about this years big gains for stocks and tech in particular is abigail doolittle. The tech sector up 40 this year. S p up only 25 or so. Why are traders looking past all the tech macro headwinds . Abigail great question. Maybe climbing that wall of worry. Those gains are simply extraordinary. The s p 500 up only 25 . But it pales in comparison relative to tech, up 40 as you mentioned. Hardware doing especially well. Since 2009. Sector that was coming out of the financial crisis. At that point, stocks were on a bargainbasement sale. That is the kind of
President trump and democrats say it is good for american workers. Aramco preparest makes the trading day boom. Still considering a secondary listing in asia. Shery we have breaking news out of south korea. The Unemployment Rate coming in at 3. 6 for the month of november. This is higher than the estimates of 3. 5 . We have seen three months of Unemployment Rate going up in south korea. For the month of november, the adjusted jobless rate at 3. 6 . The government saying they added 331,000 jobs in november versus 419,000 jobs in october. We have seen a lot of pressure for the south commodity. Sector seen private employment really under pressure. Declines in manufacturing retail jobs freedom the positive has been expansionary budget scheduled for 2020. Government job creation has really helped when it comes to the Unemployment Rate but again, the jobless rate higher than expected at 3. 6 . Lets turn to the markets. Australia has opened for trade. Sophie aussie shares opening flat while b
Sunday the election had record turnout following 6 months of protests that rocked the island now while those who support the protests not stay when not everyone is on board china daily published an editorial monday stating the results of sundays District Council d election marks a setback for hong kongs Democratic Development as the results were skewed by the illegal activities of the opposition camp to the benefit their candidates in the run up to sundays voting members of the opposition camp particularly their young agitator is engaged in an all out campaign to sabotage the Campaign Activities of pro establishment candidates and intimidate their supporters from going to the ballot box now kristie theres a lot going on here but what is the significance of those big wins for the pan democrats in hong kong you know economically and otherwise this is actually quite significant because as the markets look at this was a reading of barometric reading on the overall sentiment in hong kong an