Im melissa chan welcome to news asia thank you for joining us is the end of a long week with not just americans but everyone following the count in the United States democracy can be a messy process and the particularly intricacies of u. S. Politics have played out spectacularly in asia the country with the most at stake is china given the 2 countries rocky yet close relationship so how is china viewed and responded to the events of this week we have. In the studio to tell us more hung on any official reaction from beijing yes beijing has said that the election is the u. S. Domestic affair and that it has no position on it and thats it thats it but is there any hint that beijing preferred one key. Handed it over another well i mean in the beginning chinese leaders probably one preferred mr biden because you know because of mr trump the u. S. Sino relationship has plunged to the lowest point in decades but after seeing what from is what kind of chaos magick mr trump has caused in the us
The next 100 days. Tom the transition challenges are simple. He needs a single letter out of gsa and that has not happened yet. We will do with Greg Valliere a on this in a moment. There are still four states with under a 1 count, and that is really what matters around all the hoopla. Francine it certainly does. Lets get straight to the bloomberg first word news in new york city with ritika gupta. Biden is launching his transition effort while President Trump continues legal challenges over the election. The news media declared biden the winner of the president ial election on saturday. The former Vice President won or was leading in states that would give him more than 270 electoral votes needed for victory. Meanwhile, the president has falsely claimed victory whilst saying there was widespread in legal voting. He has not offered any evidence. President elect joe biden will take the first step to one of his Biggest Campaign promises today, to bring the Coronavirus Crisis under control
Approaching that 103 level. That would be a breach of a technical and psychological level. . 99, 2. 7 top the upside. After the biden victory, gold as well seeing three straight gains three Straight Days of gains. Joe biden preparing to take office as the 46th president of the United States. He is moving forward as president elect, launching his transition effort and readying a plan to tackle coronavirus. President trump is refusing to concede, weighing more legal challenges. The people of this nation have spoken. [applause] they have delivered a clear victory, commencing victory. A victory for we the people. I pledge to be a president who seeks not to divide, but unify. [applause] who does not the red states and blue states, only sees the United States. Our work begins with getting covid under control. Economy, repair the restore our vitality, or relish lifes most precious moments, hugging grandchildren, children, birthdays, weddings, graduations, all the moments that matter most to u
Years at the helm of siemens and activists point to massive human rights violation in violations of western china. Volkswagen plant their welcome to the show. Im Stephen Beardsley in berlin. The used to largest economies are signaling more help for business. As rising covert infections keep their countries in lockdown, french finance minister, bruno la, saying thursday, hes working on an aid package for small and midsize businesses, including rent relief and new tax credits. His german counterpart told reporters he will do everything necessary to cushion the economic fallout in germany. The government in berlin is currently working on a 10000000000 euro package to help restaurants and bars, among other businesses get more from chelsea delaney, our financial correspondent in frankfurt. Chelsea, how hard is this 2nd wave hitting european businesses . Were definitely seeing big divergences between european economies. If you look at germany, for example, what weve seen so far is a hit that
You can see the dow is reacting. The nasdaq has turned positive by. 1 or 12 points and we are entering, of course, the most crucial month for the retailers. Many stores still shut down but the stocks are rallying, especially Department Stores, as you see right there. Look at the macys, and nordstroms. Once again, power lunch starts right now. Thank you, tyler im kelly evans. We begin with the markets this hour the dow was up 11 in november that would be a good year. It would certainly make it the best month for the index since 1987 up 25 today. Dom chu has more on the action its a catchup trade for the dow. It has been for the better part of 2020 lagging behind certainly the nasdaq composite and in some cases the s p 500 as well. Remember, the green lighne, the nasdaq far outperforming other indices. Now the dow trying to play a little bit of catch up here. A good month for the dow shaping up well see if it holds as we head towards december another big thing to watch is whats happening