Business on robots in berlin welcome to the program the beijing motor show is finally taking place after an almost 6 month delay because of the coronavirus pandemic its the 1st major Auto Industry fast since the covered 19 outbreak and comes just months after reports a drop in car sales a record drop indeed the manufacturers passers by the economic fallout of lockdowns the event off as an opportunity to showcase their latest innovations as they strive to gain market share in the worlds biggest auto market one of the highlights is the array of socalled new Energy Vehicles thats electrics and hybrids which make up 25 percent of the exhibition this year. Lets speak to aunt ellen cost too much analyst with Investment Advisors bernstein how important was it for the Chinese Government to get this event off the ground this year. Well look i think its a hugely important to show the strength of the economy its back the consumerist back were handling the coronavirus relatively well in china and
Ups between azerbaijan and armenia the 2 former soviet republics in the caucasus accuse each album of reaganite a decades old conflict on the border. Plus in football the bonus legal springs a big surprise perennial champions by munich take such a tough time but the match didnt go like everyone expected to the left found an expert. Possibly shocked. And gather as welcome to the program u. S. President on the trump pass dismissed a New York Times report detailing years of tax avoidance according to the article trump paid 0 federal income taxes in 10 of the past 15 years and only 750 dollars the year he was elected from is the only present. Since the 1970s not to make his tax filings public report came just days before trumps 1st president ial debate with democratic rival joe biden and weeks before election day in november. According to the New York Times reports trump was able to minimize his tax bill by reporting staggering losses across his business and pot. Now lets bring in the spee
Theyll be allowed to operate with limited capacity. Hes the are businesses that havent been open since march. The Fitness Industry in San Francisco has been struggling. Practically on the verge of collapse. We havent been able to open meaningfully since march. So this is great. Were really looking forward to exploring how we can reopen safely on monday. Sf starting september 21st, indoor museums, zoos, aquariums will be allowed to reopen. Napa, sacramento and San Francisco counties are all in red category the label of substantial spread of the virus. All others are purple, meaning widespread. Abc7 News Reporter that it will change from purple to red. At last. Alameda county is this close to going from purple to red if they can keep the numbers stable. We got an update today. He said he will continue to stay focused on getting those rates down now as the big holidays including halloween are fast approaching. I try to avoid contact with menus. Reporter he shows us the precautionary measu
Waste. Thats why the tech heavy nasdaq rallied when the dow tumbled 226 points and the s p 500 back slid sure, the tech titans respect crowing about it, that would be in bad form. But when you look at their numbers, versus the economy, gdp down over 9 in the Second Quarter, lets call that the worst ever, with 17 million continuing jobless claims. It feels like the old economy is lost the house of pain is the new companys gain. The house of pleasure at the very least, the cloud and communications have gotten a massive windfall here. Digitization pulled through by two, three, four, five years look at that 7. 4 billion revenue amazon reported. Theyre like the amazon mint, because people dont want to put themselves at risk bishy shoppig in person. Amazon is the answer to the pandemic every day some pundit comes out here and argues that the Federal Reserve is propping up the economy by keeping Interest Rates low. They tell us its a bubble they tell you to ignore it they imply the gains in t
Good morning to you wherever you are. Im Frank Holland in for Brian Sullivan lets get right to the markets and take a look at the stock futures this morning its been a wild week on wal ve street today it looks like the dow could open down as much as 150 points amid new concerns over covid19 but the nasdaq, its run keeps on going. Leading to another new record high its 26 for the year on pace for the third weekly gain in three weeks. Now to the global markets. Karen tso. Shes in our london newsroom with more on that. Good morning. It has been a weak finish for those asian markets today. Negative news coming out of hong kong with fresh coronavirus cases. 38 new cases local transmission and decided to close schools again from next week that throws cold water on these markets. And the rest of the markets to be very much focused on the bull run for the Chinese Market take a look at this. A lot of investors piling into chinese stocks this week and that has taken them to the highest level in