We have hsbc releasing their own data this morning. Lets take a look at the shanghai drop. It is a 2 drop today. Last week was the worst week for chinese stock in over a year. That is what is happening across these markets. Disappointing data, perhaps. A lot of speculation there. And the china market, there are a lot of big movers today. Which one is down for you . A few. Obviously we are following shares from h and ashares. We are watching if there are moves down in any other banking shares. The company is saying it may be forced into consultancy. We will get more on why later on. This Steel Industry in china seeing a bit of a pitch. They are down 3 today. I want to mention. The Mining Machinery is expecting a 75 drop in net income. They are seeing some pressure. Let me send it back to you. As david just mentioned, the president of chinas Minsheng Bank has resigned. What do we know so far . The details are still coming in and we have to rely on a beijing magazine for some of these det
The month. David is here with the reaction. It is not very good so far. Certainly, we are continuing to see the headwinds from wall street friday. The gdp number that came out for the fourth quarter, not exactly the most ideal. A drop of 5 to 2. 6 picked 2. 6 . That is what asia basically woke up to. Kicking off a new trading month, take a look at what is happening with the nikkei 225. I will get to why a lot of these stocks rising. We are down about 1 . Dollaryen at a threeweek low. The yen is stronger against its u. S. Counterpart, despite the fact we have the u. S. Dollar strengthening against most other currencies. Some safe haven plays. A lot of ecodata coming out. China adding to the woes pmi unexpectedly drop into 49. 8. We were expecting to see a slowdown. Data suggest that the first quarter, we will see a little bit of pain in china. South korea, we are flat right now. The trade surplus falling. We are looking at 7. 2 billion, still a hefty amount for the current account. Of c
Watching is the closing bell. Mario draghi evening at a dinner in frankfurt right now. Save the recent signs of recovery in the eurozone are a window offered energy is one. He says the euro area needs governance and structural reform and calling for a quantum we and institutional conversion. No mariah and world bank of scotland accused of fueling of global that led to the collapse of the u. S. Housing market. The federal Housing Agency making the allegation over the trial of defective Mortgage Backed securities. The agency seeks more than one billion in damages in the trial. The fha has read almost 17 million has rebounded 17 million in profit. Procter gamble has sale of some of the single phrase in a sale. They have been reviewing each of its brand at the company look to ask and those where it does not command a market leading efficient. We have less than an hour until the close of trading. Going for breaking news that were scarlet fu is looking at all of the action. Another triple di
Besides, they do have substantially different responsibilities. We need a small numbers with highly trained and experienced people. When you think about the heroes of our profession, Charles Bolin were people from that era after world war ii georgia, these were individuals whose careers were assiduously cultivated and studied russian and get critical assignments and were advisers to roosevelt and atkinson and george washington. We we didnt create these people by the hundreds. They were created by the dozens. I think that is still true. I i mean, i could name for you even now i had a i had a pretty good idea of who the best psychologists were in a state department and you the best russian experts were in the best latin america experts. You get to know who they are in the intelligence community, who the best analysts are because there analysis bubbles up to the pres. And the pres. s daily brief brief and they get to sometimes come in brief the president themselves. There is somewhat of a
I think that the words and the deeds we are hearing out of china, jim, are encouraging. This administration seems to be much more committed. Lets keep going. The reforms they are making in terms of letting the market determine the distribution of resources. These are revolutionary. We will hope that this leads to a kind of openness that ends up being a model for the world, if they continue with what they have told us. His activities are all related to corruption internally. They are not related to corruption that relates to external business. I think that is a very big hurdle to jump. Again, i think our role is to be as vigilant as we possibly can and call it out when we see it. The first decision i had to make was this one. It set a tone. This is what we have to do. We have to call it out when we see it. We have to encourage it everyone, especially all the major players, to look at it internally and externally. I think the new york example is a good one. There are so many things that