I am francine lacqua. Out of china, the top desk the economy is growing slower. Industrial outputs also missed forecasts. The shanghai composite index dropped the most in three weeks. It is raised the perspective of more stimulus from chinese authorities as they try to push and the slowdown. As they try to cushion the slowdown. Malcolm, what can we expect next from policymakers. We are likely to see a response on numerous fronts. Weve heard from the government last week that plans are to boost the fiscal response to the slowdown. Today there were some tweaks around that. They are going to lower the Capital Requirements and some new Infrastructure Projects that will allow less of a down payment. Roads, rail, projects. More monetary easing that can come in various forms. Banks for reduction of rrr ratios. The downside on the deposit by inflation is picking up because of rising pork prices. That may limits go that may. Imit scope it will be ongoing. Effort to keep the yuan stable and supp
Jeremy cordon makes his first speech since becoming the labor party leader. He promises a return to straight politics. Barack obama has warned of successes and setbacks in the fight against the islamic state. The warning comes as he chairs a summit on counterterrorism on the sidelines of the u. N. General assembly. Speaking earlier, obama pledged all possible tools to deal with islamic state, but he said a position on defeating the iis would depend on Bashar Alassad resigning. Barack obama as i said lesterday, defeating isi requires, i believe, a new leader. This is going to be a complex process. Are have said before, we prepared to work with all countries, including russia and iran to find a political it isism in which possible to begin a transition process. Latest, bring us the jessica is in new york. Jessica obama is hosting the counterterrorism summit, and the russias lower russians are holding a meeting on the same issue on wednesday. A Un Security Council meeting. Fromems there a
Oil, though, now down more than 16 yeartodate, spencer. What looked like a bounce last week we know now is potentially not a bottom. You know, it just goes to show how confusing the difference in the divide is between wall street and main street. Most regular americans think the price is oil is down, i get to save money at the gas pump and yet were telling them thats really bad for everybody and thats why stocks are down. Clearly investors have rediscovered risk. They are caring about valuations for the first time in a long time and it starts in the Public Markets and certainly trickling upstream to the private markets. I see this in my Angel Investments and in the Venture Capital community for sure. We seem to have this reliance again, mike, on rhetoric as they kick off the twoday meeting this week. I think the muscle memory is very strong. And there was a lot of anxiety going into the december fed rate increase. So i feel like the backdrop is, okay, it seems like theyre kind of takin
Get the talons out. Im surprised the market is holding up as well as it is. The s p off 8. Nasdaq off 25. I would say that would be an encouraging sign, correct, bill . Markets are so trigger happy at the slightest hawkish bias to, you know, to drop by a couple hundred points, we are not having one of those days but anything can happen in the next hour. An it normally does on a day like today. We have the typical stutter step move in the market immediately following the release of the statement and seeing as they continue to figure things out in the last hour of trade. Talk about it in our Closing Bell Exchange for the fed day. Jack is with us. Peter anderson. Sharon stark joining us today and rick santelli, as well. Rick, dollar higher. Yields on the 10year higher. In fact, the dlsh. No, no, no, no, no nope, nope, nope. Lower than before the statement. 30s are much lower. They were higher earlier. I was going to point out that the 2year yield with the biggest move up since early 11 i
Another laura carlindo ha, top stories on al jazeera, Chinas Communist Party is holding its congress against the backdrop of mounting challenges for the well 2nd biggest economy president , he didnt ping has to live at the opening address in beijing. He says the events is happening at a critical moment. For china chem, in fiji, we have pursued reform at a swift and steady pace. I made solid progress and developing a peoples democracy and advanced law based governments across all fields of endeavor. We have developed an advanced socialist culture and have ensured improved public well being as a matter of priority and pulled resources to wage a battle against poverty. Patrick fought as more from badging on presence. Shes speech key outlines and the key achievements of the party, talking about how it had to successfully managed curve at 19 defended curve at 19 policy. That, of course, is very much in focus. It talks about raining in hong kong and bringing them to the unrest. There and opp