Look theyre higher across the board. The nasdaq is up by 134. Its early in the morning but these are pretty significant green arrows at this point take a look at whats happening at the treasury market and youll see that right now the ten year is yielding where it has been 0. 996 joe. Tik tok, the latest here. Developing late yesterday, the u. S. Judge blocked an order that would ban tiktok from being downloaded in the u. S. The ruling is the chinese owner byte dance has more time to get approval from u. S. And Chinese Authority which is unclear if that really happens for that deal with oracle and walmart the judge did not clock a much broader ban which is set to take effect on november 12th which the way things are going will be here like tomorrow i wanted 2020 to go quickly but now im thinking its just going too quickly. We wanted to go quickly. Still 2020. You still did your best Barbara Walters with that. 2020. And hugh, hugh had a long illustrious life hugh is gone now but we remem
Increasing pessimism about growth. More ceos than ever see a slowdown. Sophie chinas mystery virus is spreading through persontoperson contact. Hubs stepping up passenger screening. Lets turn to selina wang in beijing with australian markets coming online. Selina we did see australian markets red hot. We are now starting to see them drift slightly lower, marginally except for the new zealand up. 2 after gaining 3 since the start of this year. We did yesterday see the equities hit record highs when it comes index price and private equity valuations. So, that would be enough to ring bells in normal times but our strategists say that macro backdrop in australia is dire enough to call this rally into question when you consider the massive wildfires that are damaging their economy. With increasing focused on environmentally sustainable investing, that rally is potentially at risk. I want to check on that a little bit more with this next chart. Thelook at that rally in context of the u. S. C
It is a case that hes gone beyond anything thats acceptable. The question is, can you follow the path of what jessica was raising. Is the fatigue and the sense of threat from isis enough to create some kind of convergence there. I dont know. The short answer is i dont know the answer. Im a big believer this also goes back to one of the points that sam used to also raise. If theres one thing that guided sam more than anything else, it was that he said, dont fall in love with your own ideas. And if you think youre right, thats fine. But why dont you test your ideas . What do you lose if you test your ideas . The short answer is, you dont lose a lot. So id be quite open to testing certain things, but i also know that if it looks like we shouldnt assume necessarily that having the sunnis with us is a given if it looks like were drawing too close to the iranians, which has clearly been a sensitivity for the obama administration. If we want sunni tribes, by the way, not just in iraq but in s
Vote on the altered senate bill or vote on an amendment from House Speaker boehner that could come with more conservative sweeteners. If that amendment happens, a shutdown looks a lot more likely. No interest in seeing the government shutdown, but weve got to address the spending problems that we have in this town. President obama is already drawing a line in the sand. Heres what he said at a speech touting the Health Care Law yesterday. I will not negotiate on anything when it comes the full faith and credit of the United States of america. October 1st, thats the deadline for washington to figure all of this out. With the white house pitted against congress, the senate pitted against the house and republicans pitted against republicans, is an 11th hour deal to avert a shutdown looking less and less possible by the minute . How do you begin to unwind this . We only have a few days now before the government shutdown. I dont know what the white house can do. How does the president negoti
Reform, domestically opening to the outside World International ly. Then its going to be a long process. So he used his marvelous analogy which is you cross the river steps feeling the stones step by step. [ speaking chinese ] i think we also need to have that concept alive in our minds about how you can possibly engineer that incremental trust building exercise between china and the United States as well. Step by step but knowing in fact that there is a destination called a common future. For our chinese friends here in the audience today, if you talk about realism, [ chinese word ] means something in the context. There are positive terms in the chinese context. [ chinese word ] or [ chinese word ] international and Global Public goods means something in the chinese discourse. So to frame a common vision, to frame a common concept but not to leave it at a level of political theory, but to then have an operational dimension which can be put into practice by regular symmetry by the two