All right, a lot of news to kick off with. That the week that investors will focus on. Not a lot of Economic Data in the u. S. This week to drive markets. Everything from washington to , listening to what janet yellen has to say about Interest Rate hikes going forward. Lot of focus on Balance Sheet reduction, but also a recognition among fed and the and president s fed chief herself that inflation will remain low going forward. We continue to watch fed fund futures. Is what we are seeing when it comes to a possible rate hike for december. It has come down a bit from the fed minutes last week. The topic will be Financial Stability in wyoming. Any thing from janet yellen that could send a hawkish signal. Mario draghi more than janet yellen, reports that he is not planning any surprises, but he may talk down the euro. He has had a tough time with a lower dollar. That is complicating matters. A reminder for viewers on how markets closed friday, another day of jitters, but not as much. When
Stahl she is the fifth richest selfmade billionaire woman in the world. Shes pointing out her building. With her partner husband, she has built more of beijing than almost any emperor in chinas history. China produced more selfmade billionaires than any other country in the world. Stahl while xins fortune has been made on office buildings, china may be sitting on a residential and Retail Real Estate bubble. Where is the proof . We found what are known as ghost cities. Look at these brand new towers with no residents, desolate condos and vacant subdivisions uninhabited for miles and miles and miles. Tonight, two stories that provide a rare window into china. Im steve kroft. Im leslie stahl. Im morley safer. Im bob simon. Im lara logan. Im scott pelley. Those stories tonight on 60 minutes. [ male announcer ] its time. Time to have new experiences with a familiar keyboard. To update our status without opening an app. To have all our messages in one place. To browse. And share. Faster than
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