The totally illogical welcome to the program. The us house of representatives has passed a bill to a very, to shut down of the federal government. The last stage major went through with bipartisan support and now goes to the senate for approval if it passes that it will keep the government funded for another 45 days. The breakthrough came after Republican House liter, Kevin Mccarthy decided to work with the democrats to pass the bill, despite opposition from hotline, as in his own party. One Sticking Point has in washington support for ukraine. Washington bureau chief in his paul joins the now. I n. S. Shut down would have, would have consequences outside the us, especially for ukraine. What does this deal mean for us support for kids as it basically means such a crime that keeps doesnt know what happens next year as a, as both parties in the house approved a temporary funding solution, which is not including the 6200000000. 00 a package for ukraine, so it means the funding stays the s
The seventh hearing of the u. S. China economic and secure review commissions 2023 annual report cycle. I want to first thank staff, many of whom worked on several other hearings. And so, i appreciate the heroic effort that was involved in getting this hearing set up. So, thank you, jonathan and daniel, in particular, charles, i dont see. Many of us that have watched china for years appreciate that the magnitude of the economic challenges china must address now are not new rather, they have been worsening for years and were amplified by covid and the poor policy choices made during that time. Notwithstanding the ccps push for chinese households and non state businesses to drive recovery. Household consumption has been cautious. Government lending practices continue to favor unproductive state owned enterprises, higher performing non state sector at the expense of higher performing non state sectors. In most cities, property prices have plunged and Business Confidence has eroded as defl
We will look at increasing the requirements for initial wear from fifteen to twenty percent together with macropodoxal allowances, from which we expect a much greater effect. How long will this work . Eh, if necessary, we will be ready to further tighten macropotential allowances. Thank you yes, the second question was about gdp about lowering the upper limit Alexey Borisovich forecast for the next year, and on the topic of simply gdp, its really been revised to 0. 5 from 0. 52. 5. The revision is connected with two factors. The first is a more restrained growth of domestic demand in the context of a more severe Road Accident so that the economy returns to the trajectory of balanced inflation growth at its target of four percent, and second. Uh, the components are that we have somewhat uh revised down the growth rate of exports for the next year in physical volumes. Well, taking into account, again, emerging data and emerging trends. This also subtracts a little from the projected grow
Stocks dropped sharply. At one poi the dow jones was off 250 points. It finished down 195, at 18,143. The nasdaq fell 49. And the s p 500 was off 20. The reason for the swoon, a bloomberg report that some hedge funds cut their exposure to germanys Deutsche Bank. That sent shares of deutsche ba to an alltime low and rippled into the u. S. Financial sector. Thats because the report was reminisct of the financial crisis, when investors sold on news of counterparties pulling business with banks like lehman br and bear stearns. And that nervousness seeped then into the broader market. Bob pisani explains why. Reporte the markets were fairly quiet midday when a report from bloomberg on deutsche dropp the markets. They reported some hedge funds that cleared derivatives trades with the banks and withdrew some positions, a possible sign of concern about doing business with the bank. Its not much of a story, but it did revive long dormant memories of 2008. Deutsche b dropp 7 . European banks abo
At one poi the dow jones was off 250 points. It finished down 195, at 18,143. The nasdaq fell 49. And the s p 500 was off 20. The reason for the swoon, a bloomberg report that some hedge funds cut their exposure to germanys Deutsche Bank. That sent shares of deutsche ba to an alltime low and rippled into the u. S. Financial sector. Thats because the report was reminisct of the financial crisis, when investors sold on news of counterparties pulling business with banks like lehman br and bear stearns. And that nervousness seeped then into the broader market. Bob pisani explains why. Reporte the markets were fairly quiet midday when a report from bloomberg on deutsche dropp the markets. They reported some hedge funds that cleared derivatives trades with the banks and withdrew some positions, a possible sign of concern about doing business with the bank. Its not much of a story, but it did revive long dormant memories of 2008. Deutsche b dropp 7 . European banks about 3 . U. S. Banks dropp