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") .
The US is bracing for an eighth night of demonstrations that have sprung up in many cities across the US. President Trump said he will deploy the military if states and cities failed to quell the demonstrations.
Hong Kong Chief Executive, Carrie Lam, will travel to Beijing later today to meet with officials drawing up national security legislation for the city. Yesterday Mrs. Lam accused countries threatening action against Hong Kong of having "double standards” when responding to protests here and in their own backyards.
The Hong Kong government has extended its social distancing regulations for another two weeks until June 18 after four more locally transmitted infections were confirmed yesterday.
The US Congressional Budget Office has projected the drag on the US economy from the Covid-19 pandemic will last almost a decade. It forecasts the outbreak will cut US economic output by 3% between this year and 2030, a loss of US$7.9 trillion.
On today’s Money Talk, we’re joined by Stewart Aldcroft of CitiTrust, Mark Michelson from IMA Asia and RTHK’s International Economics Correspondent Barry Wood.
03/06/2020 - 8:08am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust is of the view that Hong Kong's pending national security law isn't a major concern as such but points out that the lack of details causes uncertainty.
Barry Wood, RTHK's International Economics Correspondent says that US President Donald Trump may use the ongoing unrest to boost his re-election campaign among his base by threatening to quell protests and riots using the military.
Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia doesn't forecast major changes in Hong Kong's economy as it still benefits from safeguards other Chinese cities don't have, though he warns that the territory may be further drawn into China's geopolitical issues.