Chinas leaders meet to draft their next fiveyear economic plan and the virus recovery. We are live in beijing. Adi terry warning warning from the World Health Organization. We are in a dangerous place. We are not going to control the virus. Are we perfectly positioned for risk . I take you to the changing risk in the polls. And thethe bond market polls. A blue sweep from a 62 probability to 51 probability in a month. It is a curve. Overextended to the upside. These are the markets this morning with the risk from the white house. We are not going to control the pandemic. There are lockdowns in spain. Are you pricing equity market risk appropriately . Markets are trading what they see, not on what they hope. Goldman sachs say you will have to reach for risk. Stocks could outperform the credit markets into 2021. I take you into the response mechanism on the australian dollar, a high beta trade. There, the rba could strike next week with lower rates. You just shredded the cost of hedging a
Down almost 3 at one point. Jack ma said to surge up the wealth table after a mega dual ipo. Expecting to raise almost 35 billion in hong kong and shanghai viewed Sheldon Adelson rolls the dice in las vegas. He is said to be extorting the sale of his flagship casino which cost more than 6 billion. Shery lets get started with a quick check of the markets right now. We are seeing u. S. Futures opening pretty flat after we saw u. S. Stocks falling the most in the month and the regular session. The s p 500 down 1. 9 . It was the biggest drop since early september. We have the ongoing fiscal stimulus impasse, now on its third month. We also have surging coronavirus cases. Boeing falling on chinas plans to sanction the company over sales to taiwan. We have the u. S. Approving another potential 2. 4 billion of antiship missile fuel to taiwan. The vix closing above 30 for the first time in almost two months. We saw strength in the u. S. Dollar. Take a look at oil prices. Wti rebounding a littl
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
Actually, im part cherokee native, but im a mainland writer. And so my the time i will have to speak in hawaiian is thick. Well talk a bit about the hawaiian language. But the first thing i need to do is make some disclaimer of humility. Because captive paradise is intended to explain the essentials of how the United States, how we got our hands on the place. Ive never gotten such good well, im used to getting good reviews. But the reviews that i got from wall street journal all the way to honolulu magazine were just extraordinary. Really wonderful reviews. Which did not prepare me for the anger that i saw in the native independence blogs. They hated it. And hated me just another damn halely trying to make monday off our history. Parentally they think people make money off history which tells you something about their understanding of the publishing business. The there was on one of these hawaiian history and culture blogs a native xlor wscholar wh, yeah, hes whut, ite, he should have
Unbound, and this new one of course speaks t to a very wide d a significanband of significanty in our politics, a subject thats been an area thats been a subject of an enormous amount sought in arguments in many years, the question of nationalism of the nation and what it is in our politics, its connection to some of these forces and threats that have been driving the politics of the west in recent years. Our format will be very simple. We will hear a little bit about the book and he and i will then discuss the few minute minutes t opened up to questions from you. So, please lets welcome rich. [applause] enqueue everyone. It is a pleasure to be here. Thank you for making the time. I will share with you what has been my favorite moment from my book tour so far. It came very early on and on the second day at an npr interview. Npr has a practice i like to think of as professor ring. So, what they do thi did is thee no artist is and you give your take on history or policy, then they have a