Also announcing a Share Buyback worth 300 million. Always lots of airlines pu ns. , in theof up and down bond market, this chart 6473, a constant worry for Market Participants when they look at the highyield corporate debt markets represented by the white line. We have seen a declined in the highyield Corporate Bond etfs. That has some worried whether this decline will spillover into equity markets. That does not seem to be the case when you look at the gap between highyield debt and 10 year treasuries. Range, has stayed within represented by the blue line, and that is reassurance or market watchers, seeing the highyield behaving like what we are seeing in treasuries, so not likely to be a catalyst if there was more market turmoil. We dont see contagion when it comes to the credit space. The price action after the fed minutes, we got more clarity, but towards the late part of the session, yields picking up on the 10 year, stocks tumbled, the dollar reversing come so it seems like there
Book is called age of reckoning the struggle for global dominance. And a staff writer for the new yorker, her latest piece is titled at the communist Party Congress, xi jinping place the emperor. I am pleased to have both of them. Let me begin with you, richard. Jinping come out of this . Richard as more powerful than ever, any budget arrivals, it is dangerous to challenge them and heresy to challenge him. He dominates not just the politburo, in the central committee, over the last year he has all of his people into the heads of the big provinces and cities. He is quite nonchallenge will. The Big Questions is due what he will do with that power, that is not clear. Charlie he clearly suggested china has a broader role to play in the world. Richard that has been the most astounding thing about this congress. A transformative event. Xi jinping is not the story, the economy is part is the story. China for many years had a dictum for their Foreign Policy to buy this type. The same thing app