Dow is set to drop, 10-year yield goes back under 1.7%, Goldman Sachs lowers growth forecast, Hong Kong protests escalate, and BlackRock buys a major stake in Sports Illustrated's owner.
by 0.2% to 1.8%, with the cumulative drag on U.S. gross domestic product of 0.6%. Goldman also expects the planned U.S. tariffs on the rest of China's imports to go into effect next month, and it no longer sees a trade deal before the 2020 election.Protesters occupy the departure hall of the Hong Kong International Airport during a demonstration on August 12, 2019 in Hong Kong, China.
The increasingly violent protests in Hong Kong against the Chinese government are plunging the Asian financial hub into its most serious crisis in decades. Hong Kong International Airport, one of the world's busiest,all departures for the remainder of the day, citing serious disruption due to anti-government demonstrations. The protests, which began in June in opposition to a bill allowing extradition to mainland China, have morphed into a democracy movement.
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