Beijing get when you dont pay our. Was this man really responsible for a one trillion dollar loss on wall street or was he a convenient scapegoat for taking on big investors. And the story of the world over Migrant Workers stranded in thailand without jobs and no money for rent or food. The worlds 20 largest economies agreed to give 76. 00 of the poorest a Debt Repayment holiday but china has yet to publicly offer any support at a time many nations need the extra financial headroom to tackle the coronavirus pandemic beijing has been rapidly rolling out its belt and road initiatives to build infrastructure and increase its influence in mostly developing nations its large as has come a huge cost for many of the 138. 00 nations that have signed up to the program you may remember sri lanka couldnt keep up with payments on the ports and eventually had to hand over the facility on a 100 year lease many nations have been rethinking their involvement amid accusations china was over pricing roa
And Boris Johnson. There is a lot going on in the markets we are also getting a little bit of news from italy with the new government being sworn in. Can see the pound is what we are watching out for. Overall, there is a little bit of a risk on mood when it comes to the markets. Back to the Italian Government. The one that we need to watch for is the new finance minister. Were seeing the cabinet sworn in with the same Prime Minister, that is conte. Lets get straight to first word news. China and the u. S. Are holding the next round of trade talks in early october. Thats according to the commerce ministry. They confirmed ministerial level talks in the next week but did not specify when. The two sides are trying to end the trade war but there is still skepticism on both sides that any Real Progress can be made. Hong kongs chief executive carrie lam says withdrawing the extradition bill is only the first step to address the unrest in the city. She also says the decision will be made indep
Heart of it we know there seem to be volatility products that were at the heart of it we also know that we didnt see some things we didnt see stub quotes we didnt see a bunch of broken trades we didnt see some of the things that did happen in the flash crash we didnt see huge delays in the tape in the field order book yet so whats whats really interesting is some post flash crash reform sclera have helped. But what we also are seeing is we still dont know whats going on we still dont know whos doing what and we dont see how the markets are interacting what we do know is that were seeing a lot of one hundred point drop in a day lets im going to take a take these one at a time if that is so many things that are interesting but so you talk about that sixteen hundred drop now it was six it didnt end up at sixteen hundred a day dont want it up eleven seventy five i think that day or may that was a ten thirty today but it ended up a around a thousand or a little bit more but it dropped the d
Two billion pounds a year in the u. K. Also according to the same report automatic numberplate recognition or a p. R. Remains one of the largest nonmilitary databases in the u. K. Its scope is approximately nine thousand cameras that capture up to forty million pieces of data numberplates a day and up to twenty billion of those records are held the length of time for data storage is more than anywhere else in europe just as if youre going to r. T. London. And time now for a quick pause for the promotional cause but stick around because when we return we talk market meltdown and Exotic Products and some related problems with the executive director of the Healthy Markets associate and tyler gold lash as we go to break the Consumer Price index for january rose half a percent higher than expected but u. S. Markets mainly stayed in positive territory here are those numbers at the closing bell. And twenty four to you know bloody revolution to correct the demonstrations going from being relat
9th, that crazy friday, our reporters are standing by breaking down the market since then Bertha Coombs and bob pisani i think the important thick is weve seen quite a recovery in the markets but not for everything let me show you a few charts jpmorgan, a big recovery remember what happened on february 1st it was like 117 then goes down to 104 on the 5thand its com back around 116 thats a roundtrip. Also boeing another big one, 357 on february 1st 317 on the 5th. Thats a 40 drop, back to where it is, roughly 356 or so. Theres a roundtrip some stuff hasnt recovered the consumer names havent recovered. Cocacola goes to 82 and its hovering around that exxon, the oil stocks have had a hard time. 89 down to 73. That hasnt recovered. Part is on the fact that oil didnt have a big bounce heres the important thing the s p on the whole has recovered a large part of its losses we lost almost 300 points from the high to the low on the s p and you can see all the numbers were looking at the importa