Crucial moment in American History . We will ask a facebook early investor, as we kick off our electioneering series, where Technology Makes democracy. Preipof airbnb has plans to benefit investors. What could be the largest listing in the u. S. Of the year. I want to get you todays selloff. The vix index up a whopping 18 . Abigail doolittle in new york. Sentiment seems to be souring as we get closer to the election and cases pick up. What was driving the volatility today . Abigail many factors at work today, and you are right, there was a lot of volatility. The complacency that we felt like we had four, lets call it a few weeks, although it has been broken with the vix daca above 30. One of the drivers in the european session, the s p, a german enterprise suffer company down not just for the rest of these are but the first half of 2021, saying it will eat into their demands, that calls into question the overall i. T. Are we going to go into a period with the competitors to sap, and or
Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than 3 in the previous Second Quarter. Youre on your, still a contraction of 1. 3 but its a much smaller contraction than was expected and it is also a contraction that has eased from the previous quarter. We have seen growth and strength when it comes to south koreas exports and manufacturing industries. Thirdquarter manufacturing actually growing 7. 6 quarter on quarter when you look at the details in the gdp numbers. We have seen the rebound in china. South koreas biggest trading partner helping i
Trading partners around the globe including europe. Oh well come to made to the us election a vote for free trade well thats our topic today do you remember what the world felt like 4 years ago in autumn 2016 europe had just started to come to terms with britains brics referendum yes thats 4 years ago and the bookmark makers they got it all wrong back then and they also got it wrong with predicting the outcome of the us election Hillary Clinton did not become the president of the United States well i dont know if the polls are right this year but i do know that for the Global Economy right now a lot is at stake. The u. S. Election is just days away the outcome will Impact Global trade. The question is how a quarter of all jobs in germany depend on export industries. Cannot. Overstate the importance of the transatlantic relationship its really without alternative. Zen of borg an inch tall being the varia make for Material Handlers and cranes annual sales were 420000000 euro news in 2018
8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your
There is a tumble on the growing u. S. Industries. Decade, asore than a the pandemic rages on. It is also slashing its final dividends. Big tech is a warned that it may lose Legal Protection over user content. Lawmakers are accusing tech shery lets get you started with a quick check of the markets. We are saying u. S. Futures, online higher at the moment. This is after u. S. Stocks tumbled by the most since june. Check is leading all of the sectors. Tech is not really acting like a haven today. Lets see how things are shaping up for the asian markets. Heres Sophie Kamaruddin in hong kong. Sophie after that steep drop that we saw for u. S. And european shares, expect losses to continue. In asia. It is the busiest day of earnings for china. In australia, we have all of these futures falling to the lowest since october 5. This is after a report of a 40 a 42 slump in profit. S may be facing a tumble. Bullion fell. Is picking up steam. We may see some slight tweaks to its quarterly forecast