S p up 17 points higher and the nasdaq up 38 points higher. Give it a little context. Give it a little context. The china situation. What did it do yesterday . It was bad. It was bad. No today. It was bad. Closed already. Closed already. It had gone down as much as 5 in the morning. So they have indicated theyre ready do more if necessary. But people dont necessarily believe that theyre ready to do more because it can only do so much. And if they truly are trying to open up Capital Markets and inflow and be more free market orient, the more that theyve manipulated, the less it looks like theyre going that way. Right. Because then you dont actually trade on fundamentals. Youre always trading is the government going to come in or not. Weve been trading on that too for years now. You mean like for banking shares . I mean we dont have the u. S. Cogovernment coming in and buying stockmarkets. Are you talking about the feds . You dont believe that. I do believe that. You do. I believe every
Night. And exxon breaking below the twoday average but taylor swift in have been aty fair prizing the company. At least its still above the ipo price. Earnings coach with a pretty good beat. Cvs plagued by disappointing guidance. In china, investors must wait one day to cover positions and pay back loans to buy shares. This comes one day after the u. S. Shares fell. Shanghai managed 3 . Come firms saying were out, for short selling. This lasts for what i feel that the Chinese Government honestly, i dont think theyre idiots. They watch our show and understand things and they recognize the market has gone lower. Lets make it go lower at a slower pace. I think people are presuming the government is trying to prop it up. I think the government is saying listen, this is your chance to get out. We screwed up. Were trying to be in correction course. Its a totalitarian government. Theres not an election. If there was an election theyd throw them out. Thats not it. They have a fiveyear con fab,
Spotlight after the Central Bank Holds the market steady. They grab investors attention after they post the biggest weekly gain since early june. The german car maker speeds away from a long running probe into the failed take over of volkswagen in 2008. Welcome to the show. French gdp disappointing earlier coming in flat for the quarter. German gdp in line, a little below expectations. Italian gdp has just come in as well and that has disappointed too. The expectation year on year was for plus 0. 5 and has come in for the year but the expectation quarter on quarter was for plus 0. 3 and we have 0. 2 gdp. So a little disappointing. Not as disappointing as the french number earlier which was flat for the quarter against expectations of a 0. 2 expansion. Joining us now is the senior european economist. Good morning to you. We await the broader euro zone number in about an hour but so far what weve got from the likes of italy, germany, france, disappointing. Slightly disappointing. I would
And red carpet treatment, today is when the two leaders hold face to face talks on north korea and trade. President trump has threatened action over chinas wide trade surplus with the United States, and called on beijing to do more to reign in its ally and neighbour north korea. Our correspondent, steve mcdonnell, is in beijing. Steve, what chance of movement on any of this . Well, that is a good question. If we unpack those issues one at a time, for example, on trade. Donald trump and xijinping have a difference of opinion on the way trade should he played out between vote countries, should be played out between their countries, especially in terms of what access china should have to the us market. I dont know if we will get a big announcement that changes the way the two countries to trade with one another, but we are expecting a whole series of specific deals. So thatis, whole series of specific deals. So that is, chinese and american companies, deals which will possibly also be sig
President trump and first lady melania to the great hall of the people in Tiananmen Square beijing. Our correspondent, Aleem Maqbool is travelling with President Trump hejoins us from beijing. You are on the full 5 nation tour. These are the two most powerful men in the world. What do we expect to come out of this . You said it. They each see themselves, actually, as the most powerful man in the world of that is what we are getting a meeting of these two alpha male characters, who each see themselves in that position. It has been fascinating to watch Donald Trumps journey when it comes to china. He has spoken right through his Election Campaign and his time in office about china being the big foreign currency policy issue to deal with. He feels america has been losing to china for many decades. Now he is in this position, what will he do . He has never been clear about that. What he is not interested in is what former president s have done, bringing American Values and democracy here.