bond prices rose anz vs investo shifted money. >>> bart just released something that helps track all of its trains and that's not all. >>> i want to show everybody where that flash flood watch and how it only lasts from noon tomorrow until noon friday. i think with the second storm coming in friday look at the potential rain. up to 5 inches here. more than 2 inches in the north bay. nearly an inch in san jose. to learn about their medicare options before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why...medicare part b doesn't pay for everything. this part is up to you. a medicare supplement plan helps pay for some of what medicare doesn't. call unitedhealthcare insurance company or go online for your free decision guide about the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. this type of plan lets you say "yes" to any do

housing growth levels out and banks will achieve the capital targets pay we will see ongoing buybacks in anzcommonwealth think later next year -- some in commonwealth bank later next year. look at price to value multiples, seen in previous times. it will be a time of low single digit growth for banks. investors need to keep that in mind. investors -- s shery: tell us about the investors. what role can banks play in a diversified portfolio? david: our messages for them to reconsider having large heavy obligations in banks. 100% of inbound portfolios through product growth business toe such heavy allegations banks and we would encourage bankers to reconsider this, even the outlook for no earnings growth or slow low single-digit growth. volatility we are seeing on equity markets this year is coming from offshore events, creating opportunities to buy other quality activities and reasonable discounts to value. portfolios, role in mainly in income oriented portfolios where their role is to provide steady dividend yields. but even there, the allocation of banks should be known and managed and moder

the chief economist for the southeast asia and india at the anz. plenty more to come.berg. ♪ quick checkt's do a of the business flash headlines. tesla isant to be to losing its -- people worry after leaving three years for personal reasons effective december 17 -- namehave yet to lead a successor. she was a figurehead in the effort to compete with more rivals. rishaad: softbank will announce the price for the upcoming telco unit. a sales target of $21 billion. the lead underwriters had little trouble placing sales with one brokerage completing half of the volume on the first day. intradaytheir highest sailors -- shares price in a month. others fell in response. haslinda: this tourism group plans to tort -- start taking orders for a chunk of ipo worth as much as $548 million u.s. medr unit owns the club brand. they are aiming to price september 7 and start treating a week later. hong kong ipo has already got $33 billion, more than double 2017. mutedve is looking at a after the euphoria yesterday. david: tied down, good timing into the weekend. it has not been quiet as

joining us from hong kong is raymond yeung, anz banking groups chief china economist.th expectations, manufacturing pmi. 50.2,rvey is coming in at and it looks like it might be .xactly the same this time >>. >> we believe the gdp in the fourth quarter will come down to 6.4%, which is below the official target of 6.5%. i think the november pmi 50,res, even if they touch and does not mean the economic outlook has any signs of improvement, especially as you look at the new export order, down to a low level, below 45. it means the outlook in the next three months will continue to be very challenging. ramy: i would like to show you a chart, along with our viewers, help me make heads and tails of this. the small company pmi, it is just under construction territory, i suppose. but medium company pmi's are really falling below contraction territory. what is happening to medium companies that is not affecting the others? there isit seems like something going on in the funding structure of chinese companies. many of these medium-sized companies have some combination of harvard s