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 every weekday morning 8 to 8:30 a.m. 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 "MoneytalkRadio3") .
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Calls are growing in Hong Kong for a general strike tomorrow, the day of the second reading of the extradition bill. Local van-hailing company CALL4VAN announced it would cease operations for the day and called for other local businesses and workers to join them. The call was heeded by more than 50 other companies including department store AbouThai which announced that all its 13 stores will close on Wednesday.
Donald Trump has warned Xi Jinping that additional tariffs of 25% on US$300bn of goods will be levied immediately if the Chinese President doesn’t meet him at the G20 summit in Osaka later this month. Mr. Trump said in an interview with CNBC that he believed their countries' differences could be worked out very quickly but if Mr Xi didn’t show up then “the best deal we can have is 25% on $600bn.”
President Trump has also accused the Federal Reserve of being “very disruptive” to the US for not cutting interest rates. He said China devalues its currency putting them at “tremendous competitive advantage but we don’t have that advantage because we have a Fed that doesn’t lower interest rates.”
Joining today’s Money Talk are Nitin Dialdas of Mandarin Capital and David Roche at Independent Strategy. Providing the view from Japan is Nick Smith from CLSA in Tokyo.
11/06/2019 - 8:09 Business and Market Discussions
Nitin Dialdas, Chief Investment Officer of Mandarin Capital, comments that President Trump’s tariffs will hurt the US economy ultimately.
David Roche, President and Global Strategist at Independent Strategy, expects that the Hong Kong extradition bill will affect the local economy and investor confidence.
11/06/2019 - 8:25 View from Japan