Prime Minister of The Bahamas Hubert Minnis warned in a nationally televised briefing that " Hurricane Dorian is a devastating, unsafe storm approaching our islands". "I've bought five cases of water, filled my auto up, I have a lot of bread and food and canned items", said Rew, who planned to head to her mother's house in Atlanta if things got "really bad".
Tourism officials at Hong Kong airport advised tourists to stay in their hotels on Saturday afternoon if they were on Hong Kong island. Religious meetings do not require police approval, but police said late Friday that a procession with more than 30 people does.
Gross domestic product ( GDP) growth decelerated to the slowest pace in 25 quarters in the three months ended June 30 as a downturn in household consumption took its toll on key sectors, deepening concern about the anaemic state of the economy.
At the time of writing, West Texas Intermediate was trading at US$56.45 a barrel, up by close to three percentage points, with Brent crude at US$60.22 a barrel, also up though more modestly. Cushing stocks have dropped by over 300,000 barrels since the government report , traders said, citing market intelligence firm Genscape's midweek report.
If those losses hold, August would be the second monthly drop for the market this year after May. But in a report two weeks ago, the Federal Reserve said US industrial production fell 0.2% in July. European markets were broadly lower after British Prime Minister Boris Johnson moved to suspend Parliament, which would hamper lawmakers' efforts to stop a no-deal departure from the European Union in October.
Trump last Friday said he was increasing existing and planned tariffs by 5 per cent on about US$550 billion worth of Chinese imports after Beijing announced its own retaliatory tariffs on United States goods. "At this moment of uncertainty, it is critical that our leaders take decisive steps to bolster the economy and avoid actions that could turn talk of recession into reality", Thomas Donohue, chief executive officer of the U.S.