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Justice department. The ride hail are make the r may have violated laws on bribery. Betty it is like deja vu, only we do not have a missile tests, but more headlines from north intermediate there range missile was a prelude to more action in the pacific. In particular, in containing guam. Stern words, saying they are watching the u. S. And their demeanor. I want to bring up this chart that shows how things seem to be changing quickly in north korea. Look at the number of missile tests that have been fired within the last 12 months. In this report since President Trump was elected, we are at near what seems like record highs. At least when you go all the way back to the early 2000s. Look at how quiet it was during period. Geopolitical tensions at top of mind for investors. Yvonne you see north korea continuing to flex their muscle when it comes to rhetoric as well as the Missile ....
Fraught with risk. Betty we are getting breaking industrialth korea production for the month of july, coming in better than 1. 9 , year on year. Estimates, they expected a decline of 2 10 of 1 , but we see a rebound of 1 10 of 1 . The prior month was revised lower, that is what you see a bigger rebound. Nonetheless, it speaks to the same conclusion among economists in south korea that the economy continues to grow in the second half, fueled by exports as well as domestic consumption, despite all these headlines we had the last 48 hours on north korea. Yvonne that is right. The economy is still on solid footing. But you wonder, we have heard hawkish rhetoric from the bank of korea governor. Can they continue this type of language if this north korea issue is not going away . It could start riling up markets and consumer sentiment, delay investment plans from businesses. That is the key question. We are looking to that press conference from the governor. A big day today with the u. S. Gd ....
Facebook said to offer hundreds of millions of dollars to allow users to pay for play. Betty welcome to daybreak asia , i am betty liu at bloombergs Global Headquarters in new york. Yvonne i am yvonne man out of seoul this wednesday morning. Appear in south korea, we are watching what is happening about 30 something miles away from seoul. Our neighbors to the north, so to speak. For the markets, it has been a perfect storm. For not only what is happening in pyongyang, but the hurricane heading to the u. S. Amid debt concerns. Betty we are putting out fires left and right. That was reflected in the markets today. Lets pull up the board. We opened up after the long Labor Day Weekend and went straight down. You can see the dow closing off 234 points. The nasdaq taking it on the chin, as well as the s p. Selling across the board. Asia, whiching into had been reacting the ....
Hello, and welcome to daybreak asia. I am haidi lun in sydney. Betty i am betty lou at Global Headquarters in new york. We are talking about the aftermath of the ecb meeting. But really, we are looking ahead to this weekend. I want to bring this function. It shows you the path of Hurricane Irma, which is expected to make landfall sunday afternoon. You can see it will hit miami at 2 09 p. M. As a category four hurricane. This has been a fascinating story, six months in and making, owing to the el nino affect. After Hurricane Irma we have hurricane jose. Looks like there will be no relief for the storm. That reflected market sentiment. Lets pull up how the market closed, jitters among investors. Even see the dow off by 20 three points. The s p and nasdaq unchanged right now. When it comes to asia, a mixed picture. Wer ....