It is also near levels that is signaling it is in overbought territory. Overall we started with the nikkei to 25 moving upside. It has now fallen below the hang seng. Talked about shanghai comp with regards to Inflation Numbers portending good news. Pork prices responsible for a lot of gains. Something to worry about. Excessive be down to inventory and overcapacity at the same time. Does not bode well. Not painting a rosy picture for the chinese economy. Lets have a look at what else is going on. The bond future. 10year trading outlook, 1. 94 . The 10 year yield unchanged, 1. 3 . 28,sterling slightly up, 1 partially down to moodys putting its negative outlook stamp on what they perceive there. Offshore you want just a fraction below seven. Lets see what else is going on here in hong kong. David as you are pointing out, stocks are under pressure. What has happened this morning, a couple things. Police confirming they shot two protesters during rushhour traffic this morning. Demonstrator
Breaking news in the north bay, an off Duty Police Officer has shot and killed a person. Several officers are investigating. The off duty officer involved works for the Richmond Police department. The shooting happened at a gas station at fairgrounds drive. The person who was shot died at the scene. Youre about to hear r parts of radio conversations between dispatchers and vallejo officers moments after the shooting. Theres going to be a gunshot victim. Hes saying that he is a pd officer, unknown from where though. We need the parking lot locked down. Cars safe, people safe for now. The vallejo police, the District Attorneys Office are all investigating what happened. Tonight faith, business, and Community Leaders are remembering a pioneer. The Company Announced the death of Bernard Tyson today. He had appeared at Public Events as recently as yesterday. In fact he tweeted these photos from tech in oakland. He spoke about technology in health care. More on tysons legacy. Thats all part
Uncertainty with progress with autos and services leading the declines finlands 10year bond yield jumps into positive territory. Risen the most since President Trumps election good morning and welcome to the show shares in richemont are deep in the read double digit revenue declines. The key market in hong kong overshadowed by the u. S. This is in contrast with other results. Talking about the likes of lvmh. Hermes is still slightly positive swatch down about 1 Christian Dior down about a quarter. So not immune, but you can see they are standing out today. I want to bring in our guest to discuss this in a little more detail last week, we were talking about the resilience of these luxury groups particularly lvmh and hermes not the case for richemont why is that . They have an average of 5 in hong kong while richemont has 10 . The departments that perform most are leather goods, jewelry and in part jewelry and watches. We see jewelry that is more resilient. Lets talk about hong kong expo
Evidence that teens could get hooked on the product. What the white house is doing to stop the opioid epidemic. All that and more on making money. Charles when these markets make alltime highs, we get the same call, consolidation. The whats spin a little bit more. Investors start to stake out the next move. You add to the backdrop of china trade, were coming out of earnings season. In fact a report on china trade that trump and xi, they will meet to sign phase one. It might be delayed until december. But the question now is, should we be chasing the winners or should you look at losers for opportunity . I want to bring in crescent founding partner, chief Investment Officer jack ablin, kaltbaum Capital Management president and Fox News Contributor gary kaltbaum. Lets start with the idea here if you missed this rally, you want to be a part of it, what do you do . Do you chase winners or buy the losers . Again losers are losers for a reason. Charles, the market is breaking out of a 18 to
Bright spots. Exports declined less than domestic but weak demand continues to bite. Joining us from hong kong is in karenrrent is in the is enda curran. Is pickingps demand up, and might put a floor on the economy into year end. There was a weaker import, and that underlines that the domestic demand is still weak. We know that new orders of the official manufacturing pmi remain weak as well come us adjusting that bottoming out still has a little bit to go before we can fully call it stabilization in chinas economy. The trade numbers were ok. There were certainly some optimism, but the big picture remains whether the government can push ahead and reach this phase i agreement theyve been talking about. Alix speaking of, the conversation has been to digitally that the phase i deal will happen in a rollback. The ministry of commerce spokesman in china saying that there have been serious discussions, and agreed to remove the tariffs in phases as progress is made on the agreement. What is t