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Business and Market Discussion / US Presidential elections

2020-09-30

Business and Market Discussion / US Presidential elections

2020-09-30
The global death toll from Covid-19 has surpassed 1 million according to the latest data from Johns Hopkins University. Fatalities in the USA, India and Brazil account for more than half of that total.




US consumer confidence rebounded more than expected in September. The Conference Board’s consumer confidence index jumped to 101.8, up from an upwardly revised 86.6 last month as Americans became more confident about their financial outlook and jobs prospects.




Bankruptcies and store closings in the US retail sector reached a record in the first half of 2020. More than 29 retailers have sought bankruptcy protection in 2020 and retailers have closed more than 10,000 stores across the US.





HKEX Chief Executive Charles Li, who had previously said he will not seek reappointment when his current contract ends in October 2021, will now retire early from his role as CEO, on 31 December. Mr Li will take up the role of Senior Advisor to the Board for 6 months from 1 January. Current HKEX Chief Operating Officer Calvin Tai has been appointed as Interim Chief Executive, effective 1 January 2021.





On today’s Money Talk, we’re joined by David Roche of Independent Strategy, Mark Michelson from IMA Asia and RTHK’s International Economics Correspondent Barry Wood.

Money Talk

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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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