On the value of its new business, following the fall since it listed the most. We will be joined by the ceo. Reports amid rising u. S. Tensions and fears of backlash from the white house. More challenges may be growing closer to home. Lets get a quick check of the markets with sophie kamaruddin. Stocks with a subdued start, futures lower. Kiwi stocks higher by 0. 2 . At m a, andlooking south korea raising a red flag. In sydney, stocks hit a fivemonth high. Qantas hosting its first loss in six years and warning it will not make money in the next financial year. 2000 after retreating on the fed minutes. The index going since jumping the most since june on the fed. One analyst said he does not think positioning is stretched, but even with broad dollar weakness, asian currencies have underperformed, but record forex reserves are one key reason. Steady afteryuan retreating from a sevenmonth high, retracing gains it has seen since last month. Focus, callsira in for the central bank in turkey
More deaths from the coronavirus as cases approach 5. 5 million. The u. S. Bans entry from brazil. Violence returns to hong kong as protesters announced chinas new security law. Washington said it could be the death knell for asias leading financial center. David quite a stark and dramatic drop. We will talk about that more. Risk off, a lot of markets are closed today. We are off a few points for the s p, nasdaq and dow. Whiteutes or so, the house saying trump is restricting entry from brazil. There is a 1 retracement in the bloomberg dollar index, higher as we go through. You can see downside following the 2 less drop we had on friday. Indi and given is holidays the u. S. And singapore, trading for the futures session in asia. We are seeing modest upside going into the start of trading in tokyo, korea and australian richard looking higher after closing out the week down ralia after ofther easing of lockdown restrictions in New South Wales and victoria states. This is the week more aus
Protesters in hong kong and beijing promises retaliation if it becomes law. Alibaba set to raise 11 billion in a second listing next week. It marks hong kongs biggest share sale since 2010. Coming from behind, Jeremy Corbyn holds his own against Boris Johnson in the first tv debate in the u. K. Election, a snap poll puts the leaders at almost even on the night. Good morning. Matt good morning. We are getting headlines that hsbc is going to replace its head of Investment Banking, so those of you working at the Investment Bank at hsbc, at least according to the financial times, looks set to get a new boss. The head will move to a nonexecutive role according to the f role ft and he will get a replacement. We will bring you the developments on this story as the new head of Investment Banking those into the Hong Kong Shanghai banking corporation. Less than half an hour from the european open and lets look quickly at what is going on in terms of the risk picture this morning, the treasury yi
They are weighing new investigations. A record turnout in hong kong as prodemocracy looks set for big gains. It is the first opportunity for hong kongers to vote after months and months of violent protests. Paul lets get you across some breaking news on the bloomberg terminal. Carl icahn is said to seek control of occidentals board. He plans to nominate 10 directors in an attempt to seize control of the u. S. Oil and gas producer. This is according to people familiar with the matter. Is said to be looking to seek control of occidentals board. We will bring you more details on that as we get them. For now, trading has begun here in australia. Lets take a look at how we are tracking. Currently higher by just over. 1 . We have a staggered open here in australia. Stocks coming online in alphabetical order. We are currently in the as. The one we are really looking forward to is westpac in the ws. This packet slipping about 7 in the last week on the back of this Money Laundering scandal. 4 o
From apple be on the way . New football war is kicking off. You might remember the xfl. It is coming back. The head of the Football League is here with us, to tell us why this time might be different. No more he hate me kind of thing. President backing of on tax cuts. As you heard yesterday but what is the new economic plan if we have a economic slowdown . Blake burman, latest, as things stand 12 01 p. M. Connell, the general concept of the white house theyre talking up the idea, at least possibility, say it is something that they have been talking about for a while, tax cuts, 2. 0. We heard this a little while. Tax cuts 2. 0. They wanted this since they passed the first form of tax cuts president talked about, this, before the Midterm Election last year. There could be some sort of tax cuts 2. 0. We have absolutely no idea what a tax cut 2. 0 might look like. Keep in mind, the president for now at least has taken off the table the idea of a payroll tax cut, indexing Capital Gains. The