this is a business hotel in beijing. numerous people are lined up to audition for roles in movies. hopefuls include professionals and amateurs, young and old. hotels hosting auditions like this have been increasing in the past few years and there are six in beijing. behind this trend is the movie boom heating up in china. in 2015, nationwide box office revenue in china reached 6.38 billion u.s. dollars, surging roughly 50% from the previous year. to take advantage of this movement, many producers and investors are jumping into action. this episode gives a behind the scenes look at the ballooning film industry in chesapeaina, b focusing on so-called audition hotels. central beijing is full of office buildings. a hotel opened here 7 years ago. it s name whose name means a house for drifters. the hotel with a total of 358 rooms is always booked due to its convenient location. it s also affordable. the standard twin room costs less than $40 u.s. a night. but that s not the on
sunday night at 9 p.m. eastern. enter aisle or some of the things we ve done in years past. there there are lots of people around with microphones. the authors happy to take questions. john tamny is with us courtesy of paul and barbara paul. he is senior fellow at reason foundation, a senior economic advisor in research and trading and an editor of real clear market.com. he frequently writes about the securities market along with tax, trade and monetary policy issues that impact those markets for a variety of publications including the wall street journal, investors business daily, financial times, national review savan frequently writes about the securities market along with tax and trade and monetary trade issues that impact the market s including dole street journal investor s business daily financial times, national review and the london dailies telegraph please give a warm welcomevannab to join tammy. [applause] thank you very much for the gracious introduction
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the downing of a russian fighter jet threatens to undermine efforts for a united front against islamic state. president obama, chancellor merkel, and nato have called for a de-escalation of tensions between russia and turkey. francine: erdogan said no one can expect turkey to not react to violations. turkey has no intent to escalate the situation. manus: let s bring in andrew. great to have you back with us this morning. we just heard from erdogan. francine and i did a double take . there s the line. erdogan doesn t want to escalate the situation. president who is absolutely prepared to saber rattle against the russians. you can take it two ways. the glass half-full is that we ve had 24 hours now without another major incident, which is certainly wasn t clear yesterday morning when markets tanked. nobody was talking about invoking nato article five. the glass half empty is the rhetorical escalation continues to rise. despite what erdogan said this morning, he did take a cou