Peter Lewis: A fast moving and topical business and finance show.
A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live from 8 a.m. to 8.30 a.m. every weekday morning on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
The White House has reported this morning that President Trump will sign a spending bill to keep the government open but at the same time will declare a national emergency to bypass Congress and build a border wall.
US retail sales showed a surprise fall of 1.2% in December, the worst drop in 9 years. The data adds to evidence that the US economy is slowing with the consumer no longer enjoying tax cuts and facing higher oil prices.
China’s trade data in January has come in much stronger than expected. But trade with the US has fallen sharply as the effects of the trade war take hold. Bloomberg is reporting that President Trump is considering pushing back the deadline for the imposition of higher tariffs on Chinese goods by 60 days, to give negotiations more time to continue. The news agency is also reporting that trade negotiators for the US and China have made little progress in talks in Beijing with the two sides deadlocked over structural reforms to the Chinese economy demanded by the US.
Our expert analysis this morning is provided by Francis Lun of GEO Securities and Pete Sweeney at Reuters Breakingviews. Providing the view from down under is Toby Lawson from Societe Generale Australia.
15/02/2019 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities, comments that the local stock market is not as deep as it used to be, and so turnover did not soar as expected after the listing of tech giants such as Xiaomi.
Pete Sweeney, Asia Editor at Reuters Breakingviews, says that he feels suspicious about the rise in Chinese exports, while exports from Taiwan, South Korea and Hong Kong did not increase.
15/02/2019 - 8:25 View from Australia
Apple has announced the launch of three new iPhone models, two of which are larger than before and a new smart watch. The tech giant describes the iPhone 10S as its “most advanced” handset yet with better picture resolution and sounds than the iPhone 10, and apps which will open 30% faster. The new watch will be larger and thinner and will contain advanced health monitoring features such as being able to sense if you've had a fall and the watch will call emergency services if it thinks you’ve lost consciousness.
The Wall Street Journal is reporting that the Trump Administration has proposed a new round of trade talks with China to see if agreement can be reached on key sticking points before a new round of tariffs is imposed on Chinese exports to the US. However, the White House hasn’t confirmed those reports. Nevertheless, hopes of a restart to the stalled negotiations has sent offshore yuan and Hang Seng futures spiking higher and sparked a rebound in emerging market stocks.
This weekend sees the 10th anniversary of the collapse of Lehman Brothers, one of the events which triggered the global financial crisis. The latest data from the US Census Bureau shows incomes have finally recovered to levels from before the financial crisis, after adjusting for inflation.
Joining today’s Money Talk are Personal Wealth Adviser, Enzio von Pfeil and Marc Franklin from Conning Asia Pacific. On the phone from London is our international economics correspondent, Barry Wood.
13/09/2018 - 8:09 Business and Market Discussions
Personal Wealth Adviser Enzio von Pfeil comments that the Fed and other central banks did the right thing a decade ago in the global financial crisis by bailing out large banks.
Marc Franklin, Senior Portfolio Manager at Conning Asia Pacific, says that the drop in stocks across Asia can be attributed to various factors including the US normalisation of monetary policy and because of a range of Chinese regulatory measures on different industries.
RTHK's International Economics Correspondent Barry Wood comments that people across the US economic spectrum welcome the possibility of a new round of US-China trade talks.