A crackdown. 24 without a new office on friday night. We are here to defend democracy and freedom. Pushing through the crowds with water canon and tear gas. By aerial saturday morning, they got into the building. They pushed journalists covering in it has been heavy three or four years. Anyone who is against the government posting is facing either court cases or prison or such control by the government the police were acting under a court order to replace the management of the newspaper. Al circulation of 600,000 copies more than any other newspaper run by the u. S. Based cleric. He was once close to president erduoan. He has been accused of trying to thr over dloe the government. Being taken over by progovernment managers. Such incidents have become normal these days. Things we never thought could happen have happened. Impossible to make sense. Impossible to explain by legal means. We condemn it. The last headline before the newspaper was raided reads, the constitution is suspended. C
We had a dip in the major averages, but they have since come back. The s p has in leading gains. The dow and nasdaq and that, each up by about. 5 . We have a lot of anticipation for tomorrow when we will hear from the ecb. At the bull market and go back in time. March 9 2009 as the date it was born in weve seen almost 200 appreciation in the s p 500 with some hiccups to be sure as of late. What is notable about the bull call it theople most hated bull market, it is also a long bull market compared with past once. This shows the s p 500 and here is the bull market. Here are the fund flows. 2012, we beginning of have seen outflows at a time when talks have been climbing, so theres a disbelief all the way along that the bull market would continue and yet somehow it has. Scarlet the most hated bull market. Thats the most appropriate title. Lets talk about commodities because we got a fairly bullish inventory report. Julie on the face it didnt look alleged a week over week, it dropped becau
Has been quitegh sensational. Esea the chin market yesterday set a different tone even though people talked a lot about the level of intervention by the Chinese Government. Equity markets changed in a looks like the risk has been revived. Guy i think the last hour so much as happened. You had the military finance line come out of china which is really interesting. That has overnight given the market and nice lift. U. S. Futures appointing to an open, but that is today story rather than yesterdays. Anna some strong moves. The s p 500 gaining, making it secondbest again this year. I guess nos of rise making a big move no surprise making a big move. Technology in health care are the sectors that built up yesterday. Guy longerterm, you will see we are still significantly down. Yes, we bounced back sharply. There are a lot of things to factor in. We are waiting to see what the fed will do. This line from the chief economist of the world bank is absolutely amazing. He talks about the idea of
Sun hung kai suspended on friday as the corruption trial came to an end involving two billionaire brothers, i hong kongs former number two official. Walk me through what happened. There is a sentencing hearing scheduled for today so we would hear how long these men will be facing depending on what the judge decides. We are talking about hong kongs former number 2 rafael hui. The secondhighest position in hong kongs government. Also, the billionaire businessman raymond kwok and thomas kwok. Sacrede looks at whether payments and rentfree whether secret payments and rentfree properties were given. Thomas kwok was found guilty of conspiring to can commit publicing in office. It was that one charge related to a series of payments amounting to 1. 1 million. It is a drop in the ocean compared to what they are paying their lawyers. This money was actually basically to keep hui this post to sun hung kai. It is the most valuable Property Company. It is quite a big and powerful company. Rafael hu
Melissa the umbrella revolution marchs on. Protesters continue flood the streets of hong kong as they stockpile supplies and prepare for the long haul. Demonstrators setting tomorrow deadline for chinese leaders to meet their demand for political reform. Bring in todays panel. We have fox businesss charlie gasparino, jack hough from barrons and chris, editor of power trend profit. This story is blowing up. Meanwhile the president says nothing, he is mute. We should point out president obama is only president to sort of wimp out with china. Bush and Brent Scowcroft toasting chinese leaders right after Tianamen Square, when that was 1989. Melissa look at pictures. Before we start attacking president obama on this remember the Bush Administration aided and abetted a similar regime, similar crackdowns. I will say one thing, there is market story here. Look at alibaba start killing people, pull a Tianamen Square watch shares of alibaba get crushed. Melissa you agree with that chris. I absol