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Business and Market Discussion


Business and Market Discussion

 US president-elect Joe Biden is just hours away from being inaugurated as the 46th American president at noon EST today. President Trump will leave office with just a 34% approval rating, lower than any other president in Gallup’s polling history.

Incoming US Treasury Secretary, Janet Yellen, has called on lawmakers to “act big” in efforts to offset the impact of the pandemic on the economy. She said cheap borrowing costs are an opportunity for public spending to boost the economy.

Hong Kong’s latest unemployment rate has climbed to 6.6%, the highest in 16 years. The latest jobless figure, which covered the three-month period from October to December last year, was up 0.3 percentage points from the 6.3% for the three months ending November.

Speaking before the weekly ExCo meeting yesterday, Chief Executive Carrie Lam said the government must be "very prudent" regarding COVID relief and had no plans to extend the employment support scheme, as of now.

Hong Kong health officials said yesterday the existing citywide social-distancing measures, including a ban on dine-in eating in restaurants after 6pm, would be extended for at least another week, following 56 newly confirmed infections, including 31 in the hard-hit 70 Yau Tsim Mong district.

On today’s Money Talk, we’re joined by Stewart Aldcroft of CitiTrust, Tariq Dennison from GFM Asset Management and in Washington, D.C., 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, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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