Good day to you. Chinas stocks have slumped from the highest level in three weeks. The benchmark index sank6 following concerns that the government will pare back efforts to prop up the equity market. After a drop in Interest Rates and removal of property restrictions. Economics chief asia correspondent is in hong kong. Mini rout . Ket is this the rerun of a big run . Enda it is early days to tell whether we are going for another. Its certainly a correction. It has come about because we had some good numbers today. We had some data. That is interesting when you consider the big stock markets we had in june. It kind of illustrates perhaps the net effect on wealthy Consumer Confidence with what was much less than people anticipated. We will need to see more durable prices before calling a turn in the housing sector and before calling a turn in the economy. Francine what does it mean for the wider economy . How much can we read into this . Enda one of the recent stocks fell today was peop
Well again im peter w. Watching the news live from the headquarters here in doha coming up in the next sixty minutes people from all over spain pour into the heart of caseloads. Jolly barcelona where as pro secessionist leaders prepare possibly to declare independence this week right here to our crowd thats gathered in defiance theyll box they say instead with a unity of space. Former Al Qaeda Linked fighters a battle to the death against Syrian Rebels backed by turkey. The worst mass shooting in u. S. History courses a spike in the last vegas gun industry plus. Im reporting and many of the children fleeing violence in the democratic republic of congo are children ill tell you how some of them are trying to survive in a new country. Top story thousands are marching in barcelona against council lonia splitting from the rest of spain people have traveled from all over the country to the heart of the region saying they represent the silent majority opposed to Catalan Independence its been
Its drive to create a Global Television network. Shares and costs are rising as subscribers switch on. Have amedia influence, i cool chart that shows a much immediate talk is affecting the market. Btv 5195. The blue bar you see on the bottom, they represent how many times you hear in the media, buy the dip. Since 2002. The more you hear this, particularly in the last several years, the higher the markets go. Maybe we have solved the puzzle. Why do these markets keep going up despite all these terrible headlines . Us, really. On saw interesting moves overnight. Not just stocks but also with dollar treasuries. He really is becoming more of a serious contender. Thet yellen speaking with president this week as well. I would love to be a fly on the wall at that meeting. John taylor now emerging as a front runner. The markets as you mentioned, they continue to move higher. We were reaching records again for the s p. The dow gaining 85 points. Nasdaq also higher by 3 10 of 1 . Not really gett
Clothes all rubble youre watching aljazeera lifeboat headquarters here in doha also coming up kurdish flags are coming out of all tiled side of Northern Iraq are back in control of Iraqi Government forces. Also israel is to approve of other bache acceleration of subtle but you did say that the occupied west bank plus. Will a take a step dealing at a fellows beat your to discuss the controversy surrounding a because most popular sport. Welcome to the program to us but forces have driven out ourselves from itself declared capital of raka its syria in the past few hours the Syrian Democratic forces have raised the flag inside the citys stadium. Battle to take the city from beisel because jews civilians have been to flee for weeks as the fighting intensified at the height of its straight does all declared rocket its capital it also searched across iraq sees a good troll of large swathes of the country a couple of years old its totally has been reduced to this just last rocket syria has als
Macro data, the president at the g7. Europes on pace for a down day. Ten year, 2. 23. Durables are down for first time in four months. And oil still below 49. Our road map begins with quote very, very bad. The president s comments on germany and trade are in the spotlight. Plus amazon is near 1,000 a share. Will that run continue . And the surprise gdp revision, higher for the First Quarter. First up though the germans are bad, very bad, thats the what the president reportedly said in brussels. According to the german publication der spiegel. He voiced displeasure over the trade surplus. See the millions of cars theyre selling to the u. S. , terrible. We will stop this. A lot of discussion about what was lost in translation with the germans. Gary cohn trying to clarify what the president meant on russian sanctions, but not the first time that he has been critical of the trade and german out makers as well. Cohn said he was saying that the automakers are very, very bad. Not germany, the