Money Talk

Money Talk

Type:AudioLanguage:EnglishCategories:NewsStatus:On going Description: 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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .

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Business and Market Discussions / View from Australia 00:29:00 2019-02-15
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.