Under sacks of rice for taiwanese men have now been arrested those are your headlines the news continues after counting the cost i will see you top of the hour but by. Doing this the benefit of sudan people so bad they see the importance of. Documentaries that open your eyes at this time on aljazeera. Alarm hasnt seeker this is counting the cost on aljazeera your weekly look at the world of business and economics this week wild swings for Global Stock Markets why could be a sign the borrowing costs are going up faster than expected. Also this week suffragettes one hundred years on a look at how women in twenty eighteen are still fighting for equal rights in the workplace. Plus a surge in u. S. Soil production and why thats making life more difficult for opec. Now there been an eerie sense of calm where the markets had been concerned all of last year but this week everything changed and we saw a brutal sell off in global stocks which accelerated as the week got underway on monday and tu
Vote on its third Bailout Program with a number of members expected to reject the package. This as Alexis Tsipras concedes European Partners got the better of him. Sales in hong kong slump but the Fashion Group says its still pursuing growth opportunities. Coming up on todays show mickey goes to shanghai. The exclusive from the companys ceo. Twitter spares spike on a fake report of a takeover bid but has this happened one time too many . And donald comes up trump. The extravagant real estate mogul leading the gop field despite weeks of controversy. All the details later in todays show. Lets kick off with china. Retail sales, industrial output and fixed Asset Investment all beating forecast. Data came in at 7 . Thats higher than analysts were expecting. The worlds second largest economy is now on track to hit the 2015 growth target. Fancy that. Interestingly they were quick to jump to the defense of the data saying the figures were not inflated and the improvement was hard one. Its real
In fact it closed down 30 bips. Big deal. And in fact, to try to preach a lot of fear mongering right now is a dangerous thing to do. Having said that, theres a lot of damage underneath the surface. Theres a lot of stocks today. We talked about how weve been printing many new 52week lows across the board. And Commodity Prices are telling you something. And clearly is this deflationary . Absolutely. Is this good for the consumer . I think absolutely. Does this mean that Global Growth is plummeting . I dont think so. So on some level there is a supply issue. On some level theres an asset issue. And i think thats how you have to look at it. But to say the stock market is very healthy right now because its only a couple err percent off the highs is not something i would say. The tlt outsize move up more than a . Xle on the s p 500. Thats not good. 2 1 4 in terms of tenyear yields. Thats been a pivot point for a while. Were somewhat significantly below that. I still think yields go lower. I
It is very late for us and you the raising tierlt of the boats resonates with me look at this project and see a lot of benefits an enormous amount of benefits at par or under the central selma agreement by the mayors staff he support this project i know that forest city is a project i respect some of the benefits are the fees saepgsz at par or higher i appreciate the care on the way i remember sitting up here saying why not Dot Department of Human Resources and here it was chosen that surprise me overwhelm glad about that the Affordable Housing 33 percent is real housing balance for district 6 is above 27 percent were going to be creating 37 percent and remaining it that makes that he feel good north of sud wont be the last kwhern doing 55 octavia and berkley site i said thereby accounting process why carve this out it was a large lot and it worked i think the open space that allows us to provide make sense some of the concerns i do have in terms of the effects ill kites the sid as an
Doc, we go to november weve got two months where do you want to play ball for the last two months . I think you stick with the one that bring you, judge. In this case its technology thats where i want to be right now. Its where i am. Do i like a certain amount of material stocks right here as well, but i really like technology, and when this tax bill ultimately does pass, as i believe it will, and they are even talking about a bipartisan passing in the senate, if indeed that occurs, i think you get a significant boost from here. Okay. So on that note, why dont we take a check of where we are, right . We know that technology has had a great run to date. The tech sector is up 36 year to date. Bank of america with a note wondering if its too crowded. Its super crowded, they say is this still the place, steve, to be . I think it is. Dance with who brung you, as doc says. I think it is, and, you know, crowded is always a term i question because there are those many shares outstanding that e