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Which shoppers continue to buy essentials even as borrowing costs rise and inflation pinches their budget chinese property crisis deepens. Another company with openings to the sectors misses payments. The latest investments from beijing straight ahead later in the show, its not just the cost of tuition that continues to go up every school year living off campus is creating sticker shock for students and their parents. It is thursday, august 17th, 2023 youre watching Worldwide Exchange right here on cnbc good morning, welcome to Worldwide Exchange. Were going to check the stock futures. Theyre ...

Former toyota executive julie hamp for drug smuggling. And a legacy in the battle of okinawa. The son of an army officer retraces his fathers steps 70 years later. Japanese Prime Minister shinzo abe is facing resistance in his bid to broaden the role of the selfdefense forces. Hes been trying to push through security bills for collective selfdefense. But two opposition parties have drafted their own bill in an effort to block that move. Leaders of the Democratic Party and Japan Innovation Party submitted their bill wednesday to the lower house. It proposes an alternative to the government plan...

Footballers. Chinese stocks opened more than 6 lower. The markets raising some of the losses on the hope that the government will step in to support them. Hundreds of billions wiped off the stock market. Fears are growing that the world will be tipped into recession. Here is why the economy is importance. Its the secondlargest, the buyer of last resort for a huge amount of products, that means countries like australia, producing commodities like iron ore and coal feeling the pinch. That plane is felt by everyone else. China is a major export market. In the real world that means job losses, min...

Good morning, and a warm welcome to Worldwide Exchange here on cnbc i am wilfred frost. Seema mody. We saw the s p 500, up 0. 6. Encouraging given a lot going on last week. This morning we are pointing a little low, the dow lower by 22 points, nasdaq by 12, s p by two points gasoline futures sharply higher, harvey knocks 15 of capacity off line more on that in a moment weve got gas prices up around 4 this morning. The latest on the situation in texas following Hurricane Harvey these are pictures from the houston area, much of the fourth large city is underwater flood waters swallowing entire n...

Business risk warning today as it reports a charge that could top 6 billion. Were getting set for the openings. We go to hong kong and the rest of china coming on stream in just a little under a half hour from now. Lets get a flavor of what is going on. It seems like one way traffic, david. David were seeing some markets under pressure right now, rish. I think the last 30 minutes or so has maybe changed the conversation a little bit as you can see behind me. The kospi has been down pretty much since it opened. It hasnt been very down. I think if i want to take a phrase from a very simplistic w...