Stay updated with breaking news from Gap hotel. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
You know they have the worst performance in 10 years. And they have to do something to shore it up but the economic consequences are looking very serious and clearly its an escalation so this is the response that they can help with it talking about the economic consequences what are we looking at right now as we speak well i think its very interesting the fact that this is the airport you know this was voted the best airport in the world in 2016 its a huge symbol of hong kongs Great Authority in the worlds position in the world designed by certain or in foster. And suddenly you know its seeing itself in all kinds of trouble and it kind of reflects whats happening in hong kong it mirrors whats happening in hong kong in that way so some investment houses are now talking about how this translation into lower growth theyre expecting negative growth in the 2nd in the 3rd quarter of this year which will be technically a recession. And ....
A tumultuous week in german politics than europe resolved better divisions over migration the government today said stead into the abyss could friendly fire from President Trump defeat one of the Strongest Military alliances in history to know what my guests have to say on quadriga. D w. Its one of asias most important financial hubs now hong kongs political unrest and fears of a further crackdown by china are rattling markets around the world well give you the latest. Also on the show argentinas peso collapses after a president ial primary upset well tell you what has markets so scared. This is your Business Report im Stephen Beard simper len thanks for joining us hong kongs airport was due to reopen early T ....
Your Business Report im Stephen Beard simper len thanks for joining us hong kongs airport was due to reopen early Tuesday Morning after being closed all day monday as thousands of protesters occupied the main terminal the closure forced the cancellation of more than 150 flights causing serious disruptions one of asias most important transportation hubs and marking an escalation of protests that were previously limits limited to the citys neighborhoods investors around the world took notice monday with indexes falling on the spreading political turmoil and fears china can respond harshly. And lets go now to our financial correspondent in new york jose luis to haro who is a nice to see as always so is a as we said this Political Uncertainty spreading to market ....
Correspondent in new york jose luis to haro who is a nice to see as always so is a as we said this Political Uncertainty spreading to markets as well what are you seeing there on wall street. As it is it right now is stephen investors here in wall street are fearing an escalation of the bands which could trigger a financial shock a worldwide over what some coal some kind of black swan we already have trade tensions between the us and china going on which it seems to continue to escalate the situation is taking a toll on and Global Economy on top of more recently did trade war appears to be evolving into some kind of currency war and now the im going protests in hong kong new geopolitical risk to be run eataly argentina which it feels a. Particular case rhetoric from beijing claiming that their 1st signs of terrorism are starting to appear. Markets and investors are sti ....
Among those involved that a twitter fight will end up derailing the massive complicated issue of tax reform. Those people i speak we think that the senator will be able to kind of rise above this in essence. When push comes to shove, when there is a vote, they will eventually have bob corker on their side. Keep in mind, corker sits on the Senate Budget committee. So he has influential say in all of this. The Senate Budget committee already voted on a budget blueprint. Corker has given at least one thumbs up so far to the process. But now the dirty work, in essence comes as the full senate has to take that up. Of course there will be debate back and forth on the whole different tax issue. Bottom line, one person told me here, in washington earlier today, do we want Something Like this happening right now . No, they dont wan ....