Talks have been delayed until thursday. Diplomatic and trade tensions between australia and china formed the backdrop as the rba prepares its latest statements. Economists see no change. Shery we will start with breaking news out of south korea. We are getting the final Third Quarter gdp numbers. When it comes to the year on year numbers, a contraction of 1. 1 . This is coming in a little better than expected. The quarter on quarter numbers also rising more than expected, 2. 1 , and beating estimates of growth of only 1. 9 . We have seen some pretty positive ratings especially when it comes to the south korean export numbers. They have seen a lot of external demand, especially in china and the u. S. , despite the fact we continue to see virus infections accelerate in those economies. Again, thirdquarter gdp numbers for the final numbers now beating expectations and coming in at growth of 2. 1 quarter on quarter, haidi. Haidi lets take a look at where we are sitting when it comes to thi
We will receive testimony from the secretary of the check treasury as required under title iv of the cares act congress has appropriated 3 trillion to protect to fight the pandemic and to stabilize the infrastructure of our economic system. A large portion of this funding is from the title iv of the cares act which has significant resources for loans and loan guarantees and other investments from the Federal Reserve with the emergency lending facilities in the states and municipalities and tribes. The title iv provided 454 billion as the infusion into the Stabilization Fund to support the emergency lending facilities that facilitated the qualities to support eligible businesses, states, local governments and tribes. And to be authorized under section 13 and to stabilize those markets but the Federal Reserve announced the establishment of the intent to establish to support the Financial Markets and businesses including some that are supported by the cares act. Last week other members of
Impeachment process with Molly Reynolds. And a discussion on president it on the federal judiciary. Host as President Trump and many of his supporters call for the public naming of the whistleblower in the impeachment inquiry, there is bipartisan opposition on capitol hill and reluctance by News Organizations. Visit important to know the identity of the whistleblower . Democrats call 2027488000. Republicans, 2027488001. And for independents and others, 2027488003. 2. You can send us a text. That is 2027488003. We are on twitter at cspanwj. Facebook. Com cspan is where you post. We will take a look at some of the key races across the country. Starting with the whistleblower in a report out this morning out npr, can trump legally the whistleblower . Experts say it would not violate any laws and picture of the president and rand paul. President trump and his allies have amplified their calls for the whistleblower who spark to the impeachment inquiry to be weather it would whether it would
Will have an exclusive conversation with spotify se integrate Ai Technology into its product. Lets get straight to our top stories. Stability ai is confronting executive departures, struggling to raise funds and an accusation it has not paid its bill in time. After breakout success the start of faces mounting risks to its edge in the booming field of generative ai. The reporters who broke that story, they join me now. What were the main takeaways that we learned in the course of our reporting . Rachel we spent several months looking into the story and speaking to people including the person behind and accompany that came out of nowhere. Has the ceo that tends to make loose guided comments about things that have not happened yet and the Company Seems disorganized thought disorganized i would say. Ed what put stability on the map, the Stable Diffusion model, what is that a basic terms . Rachel its an image generation ai model. You type in a few words and it will give you back an image or
In focus as we are dropping below or have dropped below 4 we want to Pay Attention to that the vix moving around 18 some Movement Something we havent seen in a while. When looking at the sectors, tech and financials which really the biggest laggards of course we have the big cut from moodys today we want to dig into the financials red across the board after the firm cut Credit Ratings for a number of these banks. 10 small and mid sized banks also put a number of others on watch. Im going to start, i believe you own u. S. Bank corp, one of the names on the watch, why are we seeing so much bloodshed today . Of all the concerns that moodys list none of these are particularly new this is old news. They should have come out in the First Quarter when we had the debacle with the banks youre seeing a shortterm reaction where you probably have a bunch of the you know, the computer funds thats what i was going to ask. Selling short on the financials you get the regionals. But all this was mentio