Of that will be technical selling. The bond market is a little bit unusual not so much happening in yields here, but in europe you are seeing pretty strong support. The time now for the market moving news from our new york team. We want to begin with china and that historic economic slump. Ae first contraction in backdated. We have our correspondent with all of the details. Mike it was actually worse than you expected, 6. 8 decline, the worst since they started reporting quarterly in china back in 1992. The economy has not contracted the fullyear basis since 1970s. We will watch that. One reason the numbers were not worse, if you look at the second number, smaller than expected, Industrial Production of on. 1 , factories returning to work. The problem for them is with the rest of the world unlock and there is nobody to buy their stuff. Consumers are not buying. Lockdowns were lifted but people are still reluctant to go out and spend. Retail sales down 15. 8 this is important because th
Good afternoon everybody. Everybody who was looking at us fruitfully and in line in the security line to going to get in, and everybody who will be watching us sometime soon on a cable network. I am jane harman, president and ceo of the boston center. Today we are prepping a very complicated issue that is, you might be doubling of policymakers, in washington and all over the world. At least three parts of that problem are, the u. S. , china, and the five g supply chain. The Wilson Center has just produced, leaving my prop. This is the prop. A spectacular policy brief by Melissa Griffith who is in the front right here. You will see her ill obit. Which is entitled, there is more to worry about than what way. I say you get the gist of this. She will explain in detail but run, dont walk. During this to get this and read it. Meanwhile, what captures the attention around 5g is the china based weight has led the way in developing the superfast networks which will power some carving car Virtua
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Economists do most dont showing you where things are standing now three and a half hours before the opening bell. Looking at a dow that would open just about 11 points higher and nasdaq looks like it would open down going to china quick but showing you treasury yields. The 10year note at 1. 766. Joe mentioned, breaking overnight, the operatest rate of china slowing to the slowest pace in 30 years that may explain some is of what we are seeing here eunice un is now in beijing where tim cook is. Thats right. First getting to the numbers i think you can compare that policymakers will unveil more soon Third Quarter numbers missed coming in at 6 . That is because of the demand overseas and at home the september numbers rebounded. Most said those are something you usually see. They are more concerned about sluggish demand weighing on the out look of the economy. The more optimistic bureau saying china faced a big downward pressure. Planning to front load some local government bonds those wil
With a uk election expected six weeks today, politicians are already heading for social media to get their message across to as many of us as their message across to as many of us as possible. But, from the end of november, the ceo of twitter, jack dorsey, has said all political advertising will be banned. On twitter, he said that political message reach should be earned are not bought. Why, he asked . The answer, he said, it can be used to influence votes and effect the lives of millions. Some regard this move asa of millions. Some regard this move as a swipe at facebook, which recently ruled out a ban on political advertising. In the 2017 election, uk Political Parties spent £32 election, uk Political Parties spent £3. 2 million on facebook ads, and just £56,500 on twitter ads. Its not going to impact twitter massively, as weve seen. The amount of money spent on adverts on twitter is tiny, but this is a symbolic gesture, because we are all now focusing on the influence and power o