Where we bring you todays market moving news from around the world. From hong kong to beijing to london to washington our bloomberg voices are on the ground with this mornings top stories. Start right now with hong kong with the citys financial chief said the economys set to contract in fourth quarter. Jeff joins us from hong kong on the telephonement welcome. Give us an update where we are. And how the economys doing there. Jeff good morning to you. The economy is hoping to see some kind of stabilization in the coming weeks. But the damage has already been done in the third and fourth quarters this year. We have only just seen a relative easing in the protests. But we are a long way from having an all clear or any kind of resolution to the political standoff. That means that the tourists and the spending that are the core of this economy, they are not going to return soon. We may see stabilization but it will be lower levels. David thank you so much. Jeff black reporting from hong kon
[000 00 00;00] the desert engine of tamaiz is moving in the name of allah, the most merciful, the most merciful. With greetings and a good time. To you, dear viewers , dear countrymen, we are organizing a meeting together with colleagues at 7 00 pm. Bahadri jahormi emphasized that the Government Supports the export of knowledgebased products in the direction of the direction of the government. One of the president s foreign trips , you saw, for example, the export of surgical bandages or the export of, for example, drones that are used in the field of agriculture. Persons foreign travel president , negotiations are taking place for the possibility of exporting the products of iranian elites and iranian knowledgebased products this year. These measures have led to an increase of more than 25 in the export of products of knowledgebased companies from other countries during the last year of 1401. According to official statistics, at least 25 if the percentage increases, the equivalent of
It reached 67 people. Officials of the state of hawaii have predicted that the number of dead will increase because before the residents were not warned about the incident. The fire burned more than 1,700 buildings on the island and left thousands of people homeless. The hashtag invitation to the elites has been repeated in the cyber space. With this hashtag, users are inviting experts and elites from different fields to the title of the game is to register for the elections of the 12th term of the islamic council. The preregistration process for this election began on monday, august 16, and will continue until the 22nd. A team of 42 iranian students from 9 to 17 years of age went to china for the Global Robotics competition. Competitions of 24 countries including china and south korea the czech republic, austria, argentina, the united arab emirates, saudi arabia, south africa and ethiopia are present. Irans National Robotics student team has passed the beijing test to participate in t
Jpmorgan, citi, wells fargo, they all reported earnings. All appear to have been fairly strong. Were going to break down the quarters. Plus blackrock now managing nearly 10. 5 trillion in assets. Were joined exclusively by chairman and ceo larry fink. That will be later this hour. Were also watching the semis this morning. Qualcomm, intel, amd and nvidia all moving lower ahead of the open. China reportedly telling its Telecom Carriers to phase out foreign chips. I want to start with the banks and the downturn in the market as well. Earnings season kicks off with the likes of jpmorgan and wells fargo and citi, for example. Mike, id love to just turn to you quickly, just get a sense on the market as well. Yeah. Its been an interesting day yesterday with that move up in apple shares, particularly, as the day went on. Obviously, moved the nasdaq appreciably higher. What do we think is behind some of the weakness were seeing beyond these bank earnings, which, at the worst, are a mixed pictu
Favorite firewater. To show you that demand is not necessarily coming from me. Bank of korea out with its Rate Decision as expected by all economists. Charge unchanged. Certainly, Monetary Policy heading towards the tightening trajectory. We will try to get more details. This is the second to last meeting for the current government. Clearly, the bank of korea is very much monitoring the effects of that rate rise in november. Juggling these issues including the Household Debt situation which is pretty severe when it comes to south korea. , inbank of korea on hold the meantime, asian shares following the leader. Fresh record highs when it comes to the asian session. Lets get over to the markets. Sophie is taking a look at the party. Sophie yes, the party is back on. We have data from china. Just have the korean won fluctuating below that 1070 mark which abridged earlier in the session given the rise that we have been seeing in the greenback. The cosby is heading higher today. Take a look