Galapagos after u. S. Drug maker gilead doubles its stake with a 5. 1 billion investment. And rallies after being awarded 5. 8 billion in damages relating to a joint venture in pakistan and as the race heats up for the next managing director of the imf, the fund hosts an event on central and Eastern Europe. Ill be speaking shortly to the the deputy managing director of the fund well good morning, and happy monday i want to take you to some of the price Market Action that weve had over the last couple of hours or so on friday we had wall street close at record highs, but the news of the last 24 hours has been dominated by the gdp number that came out of china 6. 2 is the figure while some people are pointing to the fact that the gdp trend is the weakest in seven years, one its in line with expectations and fixed Asset Investment stronger than expectations, even retail sales for the month of june in china came in at 9. 8 versus 8. 3 expectations some of the details were a little stronger
Everyones information there will not be endorsements from the panelists today one important thing i want to clear up because i think it is important for context of this discussion is that the impression you have in organizations in working on this because in washington d. C. People say on the 6 00 news on the sunday talk shows where is the compromise . Where are the people in the middle that can split the baby and come up with legislation . I think that youre going to hear loud and clear from us but is this about compromise or is this about working towards shared values of principled people on both the left and the rig right . All the reasonable people thought this was the way to respond to everything. Left right coalitions and criminal Justice Reform have been successful. Work because curved led so if they led the same fight it wouldnt work. Im not sure i trust everybody but on a right Left Coalition there is no compromise on principles. We are working to do the same thing perhaps for
Syria, in that vacuum that has been created and they could amass more arms and resources there. Phil mattingly has been following the administrations response. What was president obamas goal and sending the secretary of state to the middle east . The u. S. Government and the president look at this as dual track. There is the diplomatic side of things. That is where the secretary of state comes in. He met with the Prime Minister this morning, the top shiite leader in the country. He is also meeting with the speaker of the parliament, the top sunni leader in iraq. What they are trend to do is push the iraqis to form an inclusive government. Take a listen. This is a critical moment, where together we must urge iraqs leaders to rise above sectarian motivations and form a government that is united in its determination to meet the needs and speak to the demands of all of their people. This morning with the Prime Minister lasted just under two hours. It was sure to be a bit of a complex meeti
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