Economic winner thats our topic. And welcome to to the point we have a great roster of guests to answer that question its a pleasure to introduce Clifford Kuhn and he was a Foreign Correspondent for 15 years in beijing and he says chinas success in dealing with the coronavirus shouldnt distract from its emergence as a challenging strategic rival and im very pleased to welcome more its a little piece an analyst an expert on china at the german think tank s w pete and he says china has been partially successful in gaining International Discourse power by revealing an ugly side beaching has failed to profit more significantly from the covert 1000 crisis. And were very pleased to have with us she is a freelance journalist from china and she says compared with the financial crisis 2008. 100 Recovery Plan is greener more domestic and it digital oriented. And so when we start out by asking you rudolph china has reported Economic Growth of nearly 5 percent in the 3rd quarter of this year thats
From theto the concern economic hit caused by the pandemic. We have job losses here with a more modest hit in this part of the world. Else is going on out there and quickly looking at the dollar index is. We do have the dollar steady at the moment. We had the surge in the dollar seeing a little bit of a spike taking place. Being seen as a haven currency. The yen, 104. 49. New york crude, what we have here is a plunge taking place overnight. Nearly 5 . They recovered a little bit from that. 8 10 of 1 . 67 a barrel for wti. Gold the steady, but not really acting as a safe haven. We have breaking news, the dow jones reporting that it may close to buying nc, according to people and what would be the second Big Semiconductor tie up this week as the industry rapidly consolidates this deal. It could be worth 10 billion. Thats according to the dow jones. Dow jones reporting marvell could be close to buying inphi later this week. Lets get our first word headlines. Not european leaders are impos
Good to have you with us here is a Member States planned to go deeper into the red than ever before this year to counter the pandemic draft budget plan sent to the European Commission indicated the 19 countries bloc will slide to an aggregate fiscal deficit of close to one trillion euros earlier this year the Commission Suspended to the block stability and growth pact and nord a 750000000000 euro joint Borrowing Program to help the hardest hit Member States pay for the economic damage being done by the pandemic but germany has so far been in a fairly good position both in controlling the pandemic and keeping the economy afloat but rising case numbers here could put the countrys success record into jeopardy. Berlins nightlife is at a standstill for the past week bars and pubs have been forced to close at 11 pm for many this essentially means the end of their business customers are frustrated. Theres really nothing else to do were in our mid twentys and were not going home an 8 pm on a w
Uch more going on in this hour, chair yellen will join us. I will ask about the speculation of her taking a position within the biden administration. Yes, we will talk about Climate Change and the Nobel Laureates process. I want to go to the equity markets right now, and ben laidler talking about a multiple. Is this morning the beginning of a melt up . Jonathan not for me to call that. The habit talk around the happy talk around more stimulus, maybe. This market just wants to go higher. Market participants find a narrative to tell us why is going higher. Three months ago, a blue wave was bearish. Three months forward, a blue wave potentially is now bullish. I think that is this i think that is just the mood of market because of its right now. Tom what is so important then is to see the china gdp statistic today. 4. X percent is 4. X percent. Jonathan we have been talking about the Global Economy as one complete entity. There is so much divergence right now. The chinese economy is reall
Case. 11,000 people in the hospital with covid19 for the First Time Since mid june. Meanwhile, in the u. K. , wales has imposed lockdown to try to stop the spread of the virus. Eva Morales Evo Morales this could have paved the way for him to turn return to bolivia. This is live from paris. Thank you very much. We will start with a story that continues to shock france and in many ways the best of the world. France has renewed a clampdown on muslim organizations in the wake of a beheading of a teacher in a paris suburb. They investigated the beheading of elementarys go teacher, Elementary School teacher samuel paty after he showed ptures of the prophet, mohammed in class. This time, the killer was an 18yearold refugee who traveled over 100 kilometers to carry out the atrocity. We will be getting many aspects of the story throughout. Lets start with the analysis of our first guest. He is a sociologist. Thank you for joining us. Can i start with a question . It is a difficult one to answer