. �* , ., ., kong.wide-ranging seech. kong. it's quite a wide-ranging speech- he _ kong. it's quite a wide-ranging speech. he also _ kong. it's quite a wide-ranging speech. he also talked - kong. it's quite a wide-ranging speech. he also talked about l speech. he also talked about civil servants abiding by the national security law. the relationship hong kong has with china has become increasingly more connected for hong kong, hasn't it? i more connected for hong kong, hasn't it? ., ., hasn't it? i mean, we have alwa s hasn't it? i mean, we have always been _ hasn't it? i mean, we have always been connected - hasn't it? i mean, we have| always been connected with hasn't it? i mean, we have - always been connected with the mainland china on the economic side. but if you look at the latest communist party conference, really quite a lot of focus on hong kong. including positioning as an international financial trading hub, and also global talent... for hong kong, there are two things. one, we have to tap i

steven: i'm steven engel outside the hong kong government offices in central hong kong where the the chief executive will be giving his annual policy address to perhaps address the sluggish economy here and get the economic mojo flowing again. haslinda: it is about the economy and consumption. let's get you to markets. asian stocks dragging it lower. we are seeing the stocks in the region lower mostly today. that is a tech-led selloff. after what we saw on wall street overnight, the pain experienced in that sector, perhaps unsurprising that it's spreading to other sectors on the msei asia pacific and we're also seeing the japanese, taiwan ease stocks also getting hit. noaferl china we're seeing a slight underperformance though we're clocking some gains on the hang seng. you get the sense that the stimulus optimism has faded especially if you look at the yield on the 10-year in china. let's dig a bit deeper into why the chips are down today because it was driven as you alluded to a short while ago by sarvetion ml missing on its bookings about half whatagives had been expecting. what t

and selling pressure in hong kong. the hsi, the benchmark in hong kong is down 7%.he redhead on china, their turnover in terms of stock turnover surging to a record of 2.6 trillion yuan. that is now at a record level in terms of the turnover that is unfolding in these chinese markets. some remarkable moves transpiring in hong kong and mainland china today as investors adjust to the stimulus policy response. flagship tax raising plans could cost the u.k. government. we have more on the make or break budget. details coming through. that is next. this is bloomberg. ♪ tom: welcome back to bloomberg "daybreak: europe." bloomberg has learned that two of the new tax raising plans are under review already. internal treasury analysis suggests the policies could end up costing the exchequer money rather than raising it. lizzie, which of the tax policies are now being put under this added scrutiny? >> this october 30 budget is make or break for keir starmer. we haven't had a lot of detail out of labor. including up to now. it is crucial they can show their sums add up. and som

including hong kong to have a place that used to have a financial center and that does not imprisonting democracy and doesn't have 1800 prisoners behind bars and doesn't have a 77-year-old man was in solitary confinement because he stood for what is right and as you saw in the video before decided to take a stand for his believes. maria: these laws unable prc and the ccp to merchant to any company that they want and demand data that is another thing that was an outtake of all the new laws what impact do you think your father's arrested the hong kong national security laws were talking about as a whole had a business in hong kong in the international community doing business i remember traveling to hong kong as a young reporter at another network and it was an international hub there was so much international business be done in hong kong i don't think that is a chase after the chinese communist party put the laws down. >> exactly right and you can see that with international businesses moving away from hong kong, hong kong used to be a finance center because there was an element of

let's bring in our tech reporter in hong kong.penai well and truly one of the most valuable startups in the world. annabelle: yeah. you are talking about the top three here, so openai, spacex, the parent company of tiktok, bytedance, an exclusive club. what has happened is we have had another fundraising round and some of the key details, it was led by thrive capital, $1.3 billion, got 6.6 and we are hearing that microsoft contributed $750 million. they have been the biggest backer to date. others include venture, and softbank, there were reports they were looking at handing over $500 million. nothing was announced yesterday, but they typically would not an ounce investor deals. it tells you that the tech industry as a whole is continuing to believe in the power of ai what is ahead. the question is how does openai plan to use such a large cash pile? , the company said is that they are looking to put it toward ai research and scaling up there compute capacity, huge valuation, certainly transfixing many among silicon valley. haslind

>> the hong kong stocks.heaper than the csi 300, cheaper than msci china so there's still further upside there. if we look at a chart over like the last five years or so, you still see that there's a lot more traction and a lot more gains to be had for some of these equity markets. because we have to remember, how bad things were just not so long ago for a lot of these equity markets. haslinda: that thing is when china was on investable, investors took money out of china and put it into india. could we see investors pulling money out of india, now putting it back into china? >> i think so. now that you have seen the underperformance in indian stocks for the last week or so. indian valuations are really expensive so you have to be comfortable with the fact. and of course, the q2 earnings or not even that strong. if you look at that combination, you start thinking, where are the other opportunities and where can i get a better value for money? haslinda: speaking of opportunities, investors are trading against a

kong. mine “ust 11 to -10 in hong kong.— market from mine “ust 11 to -10 in hang kang— in hong kong. what you think this is about _ in hong kong. what you think this is about the _ in hong kong. what you think this is about the potency - in hong kong. what you think this is about the potency of. this is about the potency of those initial measures that were getting people so excited? what it boils down to is that yes you can cut rates, you can announce funds to prop up the stock market, you can also ease some of the existing constraints to buy property, all of that is good, but it's not enough. because there are structural problems in the chinese economy. basically, china needs to announce beyond a fiscal stimulus, reforms to structurally support... i think the market won't be satisfied fully until those measures are announced. staying with china and the boss of uber has told the bbc that tariffs on chinese built evs are delaying its plans to have more electric vehicles in its fleet. both th

hong kong and china markets are trading slightly higher in early asian trade, authorities in hong kongoking at ways to revive the city's property market, earlier this month, there is mortgage rules on homes but have these measures been enough? the chairman of the fon group major property developer is confident things are moving in the right direction. , ., , direction. high interest rates, everywhere — direction. high interest rates, everywhere in _ direction. high interest rates, everywhere in the _ direction. high interest rates, everywhere in the world, - direction. high interest rates, i everywhere in the world, where interest rates are high, they slung and that's been the biggest problem that we are facing hong kong because of being paved with the us dollar and its service well for more than a0 years and continues to serve us well but when it comes to property, high interest rates, peoplejust don't to property, high interest rates, people just don't buy, they don't move, property prices go down, people pay their mortgages, it becomes a chain effect. when mortgages are down, proper

hong kong and china markers havejoined the trading hong kong and china markers have joined the trading day with the index and composite trading mostly flat at the moment. authorities in hong kong have been looking at ways to revive the city's property market. earlierthis to revive the city's property market. earlier this month that is to mortgage rules on homes but have these been enough? the chairman of the group, a major developer in hong kong is confident things are moving in the right direction. high interest _ the right direction. high interest rates _ the right direction. high i interest rates everywhere the right direction. high - interest rates everywhere in the world, interest rates are high, property slums. that has been the biggest problem we are faced in hong kong because of ice being paid for over a0 years to the us dollar. it served us well for more than a0 years and continues to serve us well but when it comes to property, high interest rates, people just don't property, high interest rates, peoplejust don't go property, high interest rates, people just don't go by, they

if you look at some of the hong kong and u.s. already up 100% over the last two weeks or so when the china market was closed out. basically they were all up. so i think sector specific, there is always a bind. but on the index level it would be kind of volatile with more policy. haslinda: in the end, it will have to be about fundamentals. our fundamentals in china supportive of the view that you hold that has a see gains later on? >> yes, in terms of consumption, that is the key for the national day spending. when i talk to my friends i think people are spending more in the expectation of the equity market. and then in terms of company fundamentals ic earnings upgrade from some of them, particularly in the security sector. at the end of the day the macro fundamental in a figure like september has been very weak. so i believe we need a month or two for fundamentals coming back. but i see more opportunity on the upside rather than the down side with the iconic policy direction change. haslinda: what's the rotation into chinese stoc

hong kong, that really, really hel. . ., , help. later on tuesday, the monetary — help.y, the monetary fund _ help. later on tuesday, the monetary fund will - help. later on tuesday, the monetary fund will publish l help. later on tuesday, the l monetary fund will publish its biannual globally economic outlook and expected to be downbeat, with one or two assertions such as the us, many which economies are suffering from media growth if not an outright recession which makes the burden is even more unsustainable. michelle fleury has more from york. the international monetary fund issues is a semi—annual world economic outlook later this tuesday. the last resort were warned of another given economic backdrop for government finances around the world with public debt level set to pass $100 trillion by the end of the year, driven mostly by the us and china. so what can be done about it? a question i put a former imf deputy director, the president of queen's college cambridge. there is only four known solutions to high debt, the growth is the answer to most of the problem. then

more difficult for hong kong? bit, honestly. _ difficult for hong kong? quite a bit, honestly. our— difficult for hong kong? quite a bit, honestly. our economy| difficult for hong kong? quite i a bit, honestly. our economy is fairly interconnected with the mainland. so we are really feeling the pain right now on multiple slants. 0ne feeling the pain right now on multiple slants. one on the financial markets. —— multiple fronts. second, the trade and logistics industry. geopolitical tensions. the supply chain affecting hong kong. and third, local housing and retail market. because of the economic slowdown in mainland china, the consumption power of the mainland went down as well, and that is hitting the local retail market. we will speak _ the local retail market. we will speak to _ the local retail market. we will speak to you _ the local retail market. we will speak to you in the next hour oncejohn lee's speech gets under way. the paris motor show and focusing on chinese electric vehicle makers. last month the eu

hong kong's leaderjohn lee will deliver— hong kong's leaderjohn lee will deliver a _ hong kong's leaderjohnll deliver a policy speech in| 30 minutes with the economy will deliver a policy speech in - 30 minutes with the economy set to be _ 30 minutes with the economy set to be front — 30 minutes with the economy set to be front and _ 30 minutes with the economy set to be front and centre. _ 30 minutes with the economy set to be front and centre. plus - to be front and centre. plus the boss — to be front and centre. plus the boss of _ to be front and centre. plus the boss of chinese - to be front and centre. plus the boss of chinese ev - to be front and centre.- the boss of chinese ev makers tells the bbc he is committed to expansion in europe despite the tariffs threat. welcome to business today. in hong kong, the city�*s chief executivejohn lee is set to deliver a policy address in the next 30 minutes. he is expected to focus on boosting the economy which has been hit by the slowdown in china. let�*s speak with the city�*s largest think tank. good to speak to you. we know he will speak in

here is a look at hong kong markets and trading.or the upside and goldman sachs helping that sentiment by upgrading chinese stocks to overweight. that from tim and the team. let's bring in our chinese correspondent. the bullish call giving stocks another lift. is that expected to extend to the mainland reopen tomorrow? building up to this reopen in mainland china on tuesday. >> definitely a lot of momentum building up because the csi 300 came into this holiday seeing an 8.5% gain before the holiday and we are likely to see it return with a similar sized again if not more because there is a lot of catching up to do. hong kong markets were rallying even when mainland markets were closed. if you look at the futures trading in singapore, that was up some 15% while mainland markets were closed and we have been hearing from brokerages, this huge demand for new account openings here in hong kong. many of those new clients are mainland chinese people flying to hong kong to open up new trading accounts and don't forget, travel data, prelimin

hong kong stocks set for a third week of gains.icism is going over the biggest dock rally in china in two decades, rajiv jain sees the recent surge as leading, saying it echoes the opening trade in late 2022 which fizzled out in a few months. he adds, if the rally goes on without us, that is fine. a warning the stock boom. could turn to bust. he says it is ok to indulge in the rally for now, a more sober assessment may be required from investors later on. let's bring in mliv strategist mary nicola. some divergence there but like we heard from selena earlier on, it is different this time around. >> it is, and you can feel it in the way policy was coordinated on both the monetary policy side and the fiscal side. the fact that they put the stabilization fund on equity markets. there is a few tidbits that really show they are serious this time. almost akin to the whatever it takes moment we saw from mario draghi during the european sovereign debt crisis. what it will tell us how time goes by in terms of what we get over the holiday bre

you mention hong kong.s massive stimulus from china, and the expectation of more to come. the chinese markets are closed for the rest of the week of course, so we don't really know what's going to happen when the chinese markets reopen next week, but it's being played out through hong kong, and the market was up very strongly there. so stimulus in china is a big impact on global share markets, but you also mentioned what's happening in the us with the dock workers' strike, which has a potentially big economic impact, perhaps as much as $4.5 billion per day. a lot of american imports and exports go through those eastern ports, and the us economy is of course beginning to slow because of rising interest rates over the last couple of years. so there's a lot of to an fro in markets at the moment. fix, lot of to an fro in markets at the moment.— lot of to an fro in markets at the moment. a lot to keep up with. the moment. a lot to keep up with- let's — the moment. a lot to keep up with. let's focus _ the moment.

misspeaking tim walz's admission after a new reports undercut his personal story of being in hong kong during the tiananmen square protests and people are scared to death this is urgent viewing the damage president biden and vice president harris set to visit areas hurting the most in the aftermath of hurricane helene good morning, everyone. >> i'm kasie hunt. it's wonderful to have you with us on this wednesday morning it really is already an intense news day and that is in no small part because of what cnn's erin burnett is covering for us live now in tel aviv where she traveled overnight. aaron, of course, i know we were supposed to be covering the debate last night together, but of course, what's happening in that region now, driving history right? >> it certainly is. and you know, even here on the way here, seeing some of these craters in the ground here in tel aviv from that massive araneus barrage, the largest ever, ever from iran against israel the world now, waiting on how israel will respond to that massive missile attack launching somewhere between 100 180, they say 200 miss

hong kong and china markers havejoined the trading hong kong and china markers have joined the trading the moment. authorities in hong kong have been looking at ways to revive the city's property market. earlierthis to revive the city's property market. earlier this month that is to mortgage rules on homes but have these been enough? the chairman of the

back to markets to see where we are in terms of the benchmark in hong kong. 1%. expanding its gains which is set last week. it is set for its best year since 2017. chip stocks includingsmic among the biggest gainers. traders are preparing for china's reopening tomorrow. the ndrc is set to be hosting a briefing. it is worth noting that goldman is upgrading its china stocks to overweight. the hang seng property index and negative territory but we saw massive gains last week. currently down by .4%. we are keeping an eye on oil prices on the back of escalating tensions in the middle east. in negative territory right now. brent crude now down .4%. assessing israel's potential retaliation against iran for the missile attack last week. that is it for bloomberg markets: asia. keep it here with us. this is bloomberg. ♪ it's our son, he is always . it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to colle

, areas like taiwan , hong kong, areas like taiwan, areas like human rights in xinjiang.e were able to have those conversations and raise difficult and challenging issues . difficult and challenging issues. >> liam payne's sister says she doesn't feel this world was good enough or kind enough to him. in a heartfelt tribute to her late brother. in a statement posted on instagram today, ruth gibbons said her brother's ability to make her laugh is what she loved most about him, adding she was in awe of his talent. liam payne's father has visited the hotel in argentina, where his son died, as he read tributes left for the one direction star outside the casa. sir hotel. he was watched on by a crowd of mourners. officials confirmed a search of the hotel found narcotics, alcohol and destroyed objects in the room. fans laid flowers, played songs and lit candles in tribute to liam on the kiel wharf bridge at royal albert dock in liverpool today. and fans also paid tribute in the star's hometown of wolverhampton as gb news west midlands reporterjack wolverhampton as gb news west mi

so i was in hong kong and china during the democracy protests. from that, i learned a lot of

i was in hong kong and china in 1989. that move from hong kong into china, it was profound, that was the summer of democracy. i said it is where i understood how sacred democracy was. >> dana: greg gutfeld, haven't heard from you yet, and looking forward to it. >> greg: he was unprepared but why is that his fault? democrats don't have to be prepared. they are usually operating under the assumption it is going to be an easier ride for them and if you have a republican, what's with all this stuff? the media tried to lower expectations for walz and they were right to do that now that we see how he did but the overplayed vance's on likabilit. so you were expecting something that wasn't charming, smart, or steady. so the media actually helped vance by amplifying his on likability. the first time you saw vance was last night after a steady diet of media caricatures, what a shock it must have been, he is not weird, he is not mean. this guy came out and just shows you how the media lies to you. the media portrays those outside th

i was in hong kong and china in 1989.t move from hong kong into china, it was profound for me. >> sandra: vice president candidate tim walz being forced to clean up his debate remarks. on the campaign trail. the minnesota governor now says about his trips to china. >> john: no sign of an agreement as the port strike enters d3 and economists already say it is costing the economy millions of dollars but how will it impact you? larry kudlow, he knows how and he will come up next. e of your ? here's great news. at newday we've been granted automatic authority by the va to make our own loan approval decisions. in fact, if you've had credit challenges and missed a payment along the way, you're more than five times more likely to get approved for the newday 100 va cash out loan. no one knows veterans like newday usa. my daughter and i finally had that conversation. oh, no, not about that. about what comes next in life. for her. i may not be in perfect health, but i want to stay in my home, where my family visits often and where

, i don't _ in xinjun zhang or hong kong, i don't think— in xinjun zhang or hong kong, i don't thinkced him but clearly in a formal way and therefore the chinese — formal way and therefore the chinese foreign minister could let that — chinese foreign minister could let that pass and focus on common_ let that pass and focus on common narratives.- let that pass and focus on common narratives. just briefly then, do common narratives. just briefly then. do you — common narratives. just briefly then, do you think— common narratives. just briefly then, do you think this - then, do you think this meeting, this trip to china by david lammy, does it herald a closer relationship between the new government here in britain and china? do you think there'll be more meetings like this, more visits like this? well, i hope so. ithink this, more visits like this? well, i hope so. i think it's important _ well, i hope so. i think it's important that we actually keep on engaging and talking, but we believe — on engaging and talking, but we believe that the chinese response in the same spirit we are enga

the take a look at this building for thoughts and single floor and use a new delhi new york and hong kong. noticed anything. and these parts of the world life without air conditioning can be uncomfortable, or it's downright dangerous. more than a dozen people have died and then during the last 2 months, due to a severe heat wave this way, the waste heat wait. but that brings us to our dilemma to technology needs lots of energy. in fact, cooling, building accounts for 10 percent of our global electricity consumption, and that's bad news for global warming. so viciously, we call the indoors, but we want the outdoors, therefore generating the need 4 more cooling. but there are solutions, some traditional, some modern that don't even have massive amounts of energy. so can they help us break out of this visual circle? the, the story behind this conundrum begins in new york city in 1982. that's where the engineer willis carrier and lead the foundations for the modern air conditioner. he designed an engine to control the humidity in a printing class because it was working the paper. simply speak

let�*s speak with the city�*s largest think tank, 0ur hong kong foundation.sing. as i mentioned earlier, - talking about housing. sis i mentioned earlier, housing talking about housing. as i mentioned earlier, housing is one of the most important social issues over the past few years. i�*m happy to hear him put housing in his policy address, especially reducing the waiting time, which had been quite long. in recent years, it went up to an average of between five and seven years to get housing. as i

so i was in hong kong and china during the democrat protest went in, and from that i learned a lot of what needed to be in governance. >> reporter: while tonight, the harris campaign is highlighting vance's refusal to acknowledge that trump lost the 2020 election. >> i would just ask that, can he lose the 2020 election? >> tim, i'm focused on the future. did kamala harris censure americans from speaking their mind in the wake of the 2020 covid situation. >> that is a damning non-answer. >> reporter: president biden's name was mentioned just seven times last name. it comes after nbc news reported biden has privately complained his name and accomplishments

chinese shares a drop in hong kong. in japan at the yen we can says the new japanese prime minister cast out on further boj rate hikes this year. the french president endorses a tax hike on the biggest companies terrain in the budget deficit. we will bring you more from our exclusive conversation with emmanuel macron. european futures pointing lower after both european and u.s. markets ended wednesday essentially flat. risk off seems to be the sentiment, stronger dollar appling as well. european futures pointing lower by .6 and 1%. the ftse 100 looking to lose 32 points. s&p futures stateside looking to drop .2 of 1%. nasdaq futures lower by around 62 points. let's flip the board and have a look cross asset, 30 assessment around where the fed goes continues to be part of the play with guilds up in the session yesterday as of the 10 year closes and on a level of around 3.8%. let's reflect on what is happening in terms of the asian session with the focus back on japanese equities. the prime minister coming up with a surpr

hong kong and mainland china stocks lose momentum after investors were left disappointed bthe government's latest move to support the econo. the worries of china see into commodity markets with oil seeing big drops. keep an eye on tensions in the middle east. tata noel appointed the head of the new trust. taking a look at markets, it is about china on the back of the briefing we had over the weekend. csi gag much as 1.5 percent earlier in the day. given up most of the gains. were seeing higher volu it investors mulling china's promise of more support for the property sec also government borrowing to boost the economy, banks, property plays are pla csi index up .3 of 1%. w noting, china's enched deflationary problems. export growth probably slowed, imports valued above zero. we are tracking the yuan, the fixing within one pip of estimates. yen, 149 point 41, inching to the 150 mark. the anticipated finance ministry briefing lacked firepower equity investors had hoped for. beijing is promising more in for the slumping property sector and indebted local governments, but economists are unconvi

haslinda: asian markets looking for direction with china, hong kong and korea on holiday.t at 19499. talking about the msci asia pac index. investors mauling several developments among them, intensifying conflict in the middle east. don't forget the fed. chair jerome -- fed chair jerome powell says he is in no hurry to cut rates, but the u.s. economy is on solid footing. meantime, here are some of the top stories we are following. tech focused publication. the information reports softbank's and vision fund is planning to invest $500 million in openai. this is part of a larger funding that would submit openai's place as one of the world's most valuable startups. bloomberg previously reported that openai is in talks to raise 6.5 billion dollars from investors at a valuation of 150 billion. qatar airways plans to take a 25% stake in australia's virgin airlines. the gulf carrier plans to acquire the minority state from virgin australia owner once regulators give approval. australia's government last year denies qatar's bid for more flights into sydney. they are trying to chall

a busy day of trading shaping up in europe after a wild session in asia that saw hong kong surge for a sixth straight sense. jp yonge standing by in singapore. jp, let's start with you. >> good morning to you guys, frank, out there. not a great day for asian markets. there's a risk-off for many stockmarkets across the region. we start with japan. pulling back in today's session. yields also worth watching because the summary of opinions show that many policy makers say they favor going slow in normalizing rates. you might not see much movement in that particular area. really, the bond market is something to watch out for. also they didn't seem to benefit much in that flight to safety. you take a look at the korean and australian markets. they both close in the red. they both firmed up against the u.s. dollar. the currencies not really reacting. it might be losing its luster based on how these two currencies are trading. they are the standout in today's session. the only one that has risk-off sentiment and because of the stimulus story in china might be important for the investors. ke

i was in hong kong in china in 1989. that move from hong kong into china was profound for me.to be clear, but here's my whole point on that thing with china. i understand china a hell of a lot better than donald trump. >> jesse: standing there in the background like he's going to break walz's arms if he doesn't get it together. here comes the muscle. maybe tiananmen tim brought him along for emotional support. after all he knows a thing or two about bombing debates and winning. trump advisor is here. it's fun to listen to the media complain someone wasn't ready after not giving them batting practice for three months. >> yeah. that's unfortunate. that's called lobbying, that's called radical left panicking underwater and looking for a life vest. that's what happened last night. look, no matter what, one thing on a serious note that did happen and you are pointing it out perfectly is we caught them lying yet again. first it's mcdonald's, then gets the hyena laugh when you get nervous and now we've got walz who literally could not put his words together and then was asked, and i

but thanks to social media, they've come from spain, sweden, tasmania, newfoundland, bermuda, hong kongdary school. the youngest was two, the oldest was 98. the 98—year—old was knitting me a poppy a day. what's been more incredible is the stories behind them and why people have done it. a lot of people needed some sort of community to be part of, and we've been having little notes put in the bags that they've donated. so there's not a day went by where one or other of us wasn't in tears. it's notjust about the world wars. it's about the constant conflicts that we are involved in, from falklands through to iraq, bosnia, all of those. there are a lot of younger veterans now and they need to know that we remember them. thank you is two words that doesn't seem... it doesn't cover it. butjust thank you so much. thank you for remembering the fallen. we will take a short break and have the weather details in the moment, and when we are back will have all the latest from the middle east. we will also be live in the us where we are a week out from the us election, we will hear from our correspon

the hong kong market was opened during that holiday, so the mainland chinese market is playing catch nail down exactly what caused that incredible rally to fizzle out, but it does feel like that press conference did not help because if you remember, before that week—long holiday, it was quite a bit of a party, china's stock market sharing a raft of stimulus measures from the government and central bank and last monday the stock market enjoyed its best daily performance in nearly 16 years and this morning as you mentioned shares opened 10% higher but then we saw that rally losing steam as china's top economic planner spoke and judging what from —— from what analysts said, further stimulus is what anis wanted to hear but did not get. it was also said the second biggest economy in the world is facing increasing challenges or downward pressure so that probably did not help. he did and he was fully confident the country would hit its economic growth target of 5% for the year, so we will continue to see if there are any further announcements on stimulus measures. i should emphasise the sto

in hong kong, chief executivejohn lee will deliver his policy address in 90 minutes.usiness today. keep an eye out for that. and reaction to what he says as well, see you soon. in hong lead by wall street. in hong kong, chief executivejohn lee will deliver his policy address in 90 minutes. we will have more on that in our later bulletins on business today. keep an eye out for that. and reaction to what he says as well, see you soon. hey, i'm zoe with the catch—up. tonight, the latest in gaza, weight loss jabs and a cute baby rhino. we start in gaza, where the un says the situation is desperate. they've delivered food there for the first time in over two weeks. about 400,000 palestinians remain in northern gaza after fleeing from other parts of the territory. hundreds of people are reported to have been killed since israel launched an offensive in the north, which they say was to root out hamas fighters who had regrouped there. now, the us has given israel's government 30 days to urgently boost aid access in gaza or face having some military help cut off. some other st

i am joined by minmin low out of hong kong, not on holiday today.hat do we expect in terms of the golden week activity, a pickup in terms of china's consumer? minmin: that is the first big test, whether the euphoria we are seeing in the chinese stock market will translate to a recovery in consumption sentiment on the ground. that's an open question. the chinese government is expecting close to 2 billion trips on shore, a near 20% surge compared to 2019 levels, but key to watch is not the total number of trips but the per capita spending, because that still has lagged. during the may day holidays, it beat pre-pandemic levels. the question is how much momentum is behind that? that europe is said to be one big destination for chinese travelers with overseas flight bookings doubling according to some platforms like trip.com. that is some of the most robust signs yet that chinese consumers could be returning in force. also a key metric to watch for global tourism recovery given that chinese travelers are some of the biggest spenders in the past, at least

we do call on the hong kong authorities to release immediately our reddish national , and the foreign secretary raised his gaze in his first meeting with china's foreign minister, and we will continue to do so. >> i think the prime minister for that answer. now, china as he knows has become a decisive enabler of russia's war against ukraine supplying the vast majority now of russia's imported military microelectronics and components worsening the suffering of the , ukrainian people, so can the prime minister confirmed that he is prepared to sanction any chinese business or individual involved in aiding russia's invasion of ukraine, including secondary sanctions on financial institutions? >> yes, and we have called for that in the past and continue to do so. i hope this is an issue where we can have unity across the house. >> if i can assure the permanence or of his support, it is something that we began, the united states recently and have expanded their sanctions, and i hope the new government will continue to look at doing the same. the last government also established a new system

. >> you said you were in hong kong. >> i'm a knuckle head, i misspoke on this. i want us to be pro-family in fullest sense of the word. >> donald trump put this all into motion. he put judges in and overturned roe v. wade. we'll just ask wealthy to pay their fair share. >> kamala harris ought to cut taxes now for american workers and families. >> kamala harris is bringing a new way forward. >> she's been vice president for 3-1/2 years, we need a new direction. >> steve: good morning, that was a midwestern match up. live in new york. lawrence is in michigan this morning. we do post-game show for the first and only vice presidential debate, heavy on policy. nominees kept it civil, which was refreshing while many in the media praising j.d. vance performance. >> ainsley: politico writing, midwestern nice, vance and walz agreeable. the walls are closing in. and w"wall street journal" says j.d. vance confident and walz uneven and debate heavy on policy. >> brian: debate not without controversy. moderators were barred from fact-checking and they fact-checked government

hong kong, one unit, uk, separate unit, then there will be corporate, and institutional banking.for them to be separated in that way? i for them to be separated in that way?— that way? i think investors have long _ that way? i think investors have long perceived - that way? i think investorsi have long perceived hsbc, certainly outside of china, is an asian bank thatjust happens to be headquartered in london. and i think hsbc has tried to say that it is more of a collection of pieces around the world, but i think with what they are trying to tempt us to show that all the parts of hsbc are in a sense paying for themselves, providing a return and trying to make that more visible. and the share price reaction this morning, clearly investors want to see a result, so i think there's a lot there. ultimately, i think this will lead to hsbc further slimming down, if you will, getting rid of businesses that don't provide the correct return on capital and don't fit their long—term strategy. capital and don't fit their long-term strategy. they have described it _ long-term strategy. they ha

i was in hong kong in china in 1989.t move from hong kong into china was profound for me, that was the summer of democracy. >> sean: it looks like john fetterman, he wanted to know part of that. smart move on his part. when a democrat is facing questions from the state run media mob you know it was a horrible night. as it turns out tim walz has a lot of trouble when it comes to telling the truth. remember last night he lied about project 25. he called it a trump plan. trump has nothing to do with it. lied about a scary no abortion registry that trip advanced do not support. lied about his own position on abortion and, yeah, you can have abortions up to the moment of birth and then there's that little post birth position that he did take in that bill, that's just a fact. also told some egregious lies about the border. walz wants you to believe that illegal crossings are down under biden and harris which as you can see from that chart there, you see that big spike increase, that's a total lie, fabrication also. he lied abo

our asia transport reporter joins us from hong kong.is pretty fascinating the splits that this whole debate is having and causing within the eu. how do we expect other eu members to vote? where does france line up if germany as opposed -- is opposed? >> from the reports we are seeing, france is expected to vote in favor of this proposal, as our greece, italy and poland. now, together, these four countries represent about 39% of the population of the eu. now, this means that if these member states vote in favor of the tariffs, it means that a majority bloc, which would have required 50 member states representing at least 65% of the bloc's population to oppose these tariffs. so if these four member states go ahead with their decisions, it means that we are likely to see the tariffs come into effect. tom: what are the potential implications if the tariffs do come into effect? you are sitting there in hong kong. has beijing made it clear what their response will be? >> yes. we've seen a lot of overtures from beijing in the past year since t

i was in hong kong and china in 1989. that -- that move from hong kong into china was profound for me. >> he is facing scrutiny over his differing claims about exactly how many times he has visited the communist nation. here is what he said back in 2016 and then yesterday. >> i lived in china and as i said i've been there about 30 times. august of 1989 into hong kong and china. 15 times with students. >> so obviously walz was not in china at all during the tiananmen square protests. house republicans on the oversight committee are subpoenaing the department of homeland security with documentation how many trips walz has taken to the communist nation, who he went with and who paid for the trips. hoping to get that information in the next two weeks. >> bill: the list is getting longer, gillian. gillian turner, thanks, nice to see you in d.c. state department. >> dana: for more on this let's bring in karl rove. a "wall street journal" report, headline. imprecise biography catches up with tim walz. what did you make of all of

coming up, hong kong comes up with ai guidelines for finance next.his is bloomberg technology. ♪ caroline:caroline: hong kong has outlined its first policy guidelines in relation to artificial intelligence. the hong kong university of science and technology is going to make a homegrown large language model available the financial services industry. japan's olympus, previously fanned for its cameras, has pushed out its ceo less than two years after investigating an allegation he purchased illegal drugs. company shares were declining monday. robinhood is joining competitors and allowing retail traders to bet on election outcomes before next week's u.s. but for president. the company is rolling out contracts pegged to specific events. this as elon musk appeared at a new york trump rally yesterday saying he could save the country $2 trillion. >> how much do you think we can rip out of this wasted $6.5 trillion harris-biden budget? >> at least $2 trillion. caroline: we are anticipating a week of apple announcements and we preview the price points we have