Cspan. Org slash impeachment. President trump holds a Campaign Rally in wimilwaukee, wisconsin live this evening. Its online at cspan. Org or you can listen on the free cspan radio app. Next, a look at chinas economy and economic trends. This is two and a half hours. Please be seated. Good morning. Im director and senior fellow of the china center here at brookings. Its my pleasure to welcome you to this important event on chinas longterm Economic Outlook and its global implications. This event is unusual in presentday washington for at least three reasons. First, as it has been widely perceived, people here have been preoccupied with Current Issues and immediate challenges, as the year 2020 has barely gun, there are already several pressing geopolitical dilemmas on which our policymakers must focus. As we cast into the new decade, it will be important to look ahead toward chinas economic progress and the challenges it will present, both for china and for the world. Chinas Rapid Econom
Today, and then he said he did not think they needed to do 50 basis points. That is one of the key questions wall street has had. How far do they go if they go on july 31 . Suggestions from jay powell suggest the center of the fed has not changed. They will closely monitor the data and act as appropriate, which is exactly what he said at his News Conference a week ago after the fed meeting. He said the economy is in pretty good shape, describes in the same way that he did with strong consumer spending, weak business spending, concerns about trade. Nothing new from powell in his remarks that would change the calculation. However, he will be taking questions from people at the council on Foreign Relations, so we may look for some elucidation there. Vonnie repeating again that the fed is weighing whether uncertainties call for using. Call for using. Call for easing. I was struck by what kathleen asked, bond buying in europe, and also japan. He made comparisons in some ways to both economi
Than annihilated overnight. U. S. Futures surging after Chinas Central Bank announced they are going to a similar jump in futures after china announced a rate cut but that 441 point rally in the midday session was wiped out by the end. The blue chips closing down 205. The s p has lost 2 trillion in market cap over the past seven sessions. You did not like yesterdays open. Do you like this one in. I think there will be a better time if you want to buy. I think there have been some bargains created. Thats a big difference. I think yesterday is funny. We should have been down one . Yesterday europe was pushing the euro down. Interest rates werent that good. Interest rates not that good. We have a couple things i like. Schlumberger is the greatest in the oil patch. Theyre making an acquisition. Weve been waiting for consolidation there. The actual individual components of retail that have been strong. I think the last 45 minutes were a access of buyers. My only problem is why isnt there a
Lets get straight our top story of the day, to paris. We know that at least two people are dead as French Police have raided an apartment in the anurb of saintdenis, in operation linked to last weeks terrorist attacks five have been arrested. First, keep us up to date with what is going on the manhunt is ongoing for accomplices. Ongoing. The manhunt is we have got the operation was over but we are told that one person is still hold up. We are outside a police cordon. Said, five people were taken into custody, two killed, one a woman who blew herself up. Andalked to residents, theyll reported the civic spirits they will up to the sound of an explosionand were told to stay inside. Behind me, what should be a busy pedestrian zone, all shuttered. Schools are closed. One resident said they saw things as early as last night though we dont have that confirmed. One butcher who was already up at 3 00 heard the explosion and at a left he went inside and turn on the television. This is brendan, w
System. I wont say too much but it is one of the hottest topics around and most important topics around. Of course theres china but theres the whole of asia. And i think the Financial System as weve all learned is one of the absolute requirements for growth. Deputy managing director min zhu was previously adviser to the managing director, senior adviser, and he was the Deputy Governor of the bank of china, and before that, chairing a working group on financial issues. So there is few i think in the world, if any, who knows more certainly about the chinese Financial System but now about the whole world Financial System than min zhu, our friend min zhu. And he makes us an honor to come to brookings for this event. So thank you very much. I will cede the floor to him. After his remarks the panel will i will introduce the panel and we will have some further remarks from two colleagues from the fund, from our own eswar prasad. I will then launch a discussion where we will go from a Panel Di