Charles evan calls for credibly important government stimulus. Australia heads into Earnings Seasons amid the first recession in decades and a virus pandemic that is crippling the economy. It promises to be one of the most challenging periods on record. Here is how markets are trading. We are seeing u. S. Fewer sugars u. S. Futures under pressure. We had ask leading u. S. China tensions fan yelling fanning the data. The bloomberg dollar index flat at the moment. This after a fifth consecutive weekly decline that will be the longest losing stretch since january of 2018. The offshore yuan is flat at the moment. This after the yuan led declines in asian currencies. We have President Trump moving to been tiktok and we chat. Hang seng futures down to tense up 1 . Under pressure from the last two sessions. It is a thin trading day. Singapore and japan are closed. We have a china data blitz that could be confirming the recovery we are seeing. We have ppi numbers. Not to mention retail sales a
Program for you and not a lot of time. This hours going to fly by. Toms book is really a fantastic read, and but i do think that both especially in the United States theyre going the find the book controversial, and thats the great thing about a book. If a book doesnt generate a conversation, then it may not be worth reading. But this is a Glass Half Full story of chinas economy and the management of the Financial System. And its offered at a time when u. S. china relations are declining and attacks from all different corners in the United States of chinas system are growing. And theres this argument that chinas economy, how it manages that economy, is incompatible with the international system. And as a result, the u. S. And others need to reduce their exposure to chinas unique risks. The book tries to answer the question how did china manage to do it, howd they manage to continue to grow without a mayor financial cry crisis. And they keep it up. Im going to turn the floor over to tom
Life for on demand on your time. This is csi of online. Were going to go ahead and get started now. Folks are still running. That is fine. We want to get started because we have a fantastic program for you and not a lot of time. This hour is going to fly by read, who, is really a fantastic read. This is a Glass Half Full story of chinas economy and management of the Financial System and its offered at a time when u. S. China relations are declining and attacks from all different corners in the United States of chinas system are growing. And theres this argument that chinas economy, how it manage that economy is incompatable with the International System and as a result the u. S. And others need to reduce their exposure to chinas unique risks. The book tries to answer the question, how did china manage to do it . How did they manage to continue to grow without a major financial crisis . And can they keep it up . Im going to turn the floor over to tom in just a minute. So introduce his b
The freeman foundation. By judy and Peter Blum Kovler foundation pursuing solutions for americas neglected needs. And by contributions to this pbs station from viewers like you. Thank you. This is bbc news. Ndhuge crowds atriday is severe iigh istanbul, the first time the site has been used as a mosque in over 80 years but many outside turkey are critical. Johnson says his government did not understand cthonavirus at e start of the pandemic and could have handled things differently. A single thing that we didnt see at the beginningas the extent that it was being transmitted asymptomatically from person to person. That was not clear to us or to anybody. N a courtng kong has found a couple not guilty of riding their blasters prodemocracy process. Precedent for hundreds of others charged with similar offenses. Also cing up, the two lifetime brands20 who kept earold pledge to share a big lottery win. The historic hagia sophia siteel hasfriday prayers for the First Time Since turkish author
Expectations. Looks like it misses the analyst estimate. That perhaps is why you are seeing a drop in after hours trading. Services, 6. 81 million, that is an adjusted number. Revenue,arter adjusted you could say it misses or meets the average analyst estimate. Right now, looks like investors see it as a miss. Romaine it will be interesting to see. We are still waiting for broadcom and adobe. A lot of these idiosyncratic stories linked to the macro. Scarlet in the meantime, lets talk to our market reporters. Once again, i am taking a look at volatility. Lots of funky things happening there, mainly the fact that it is coming back. Right now, the s p 500 at a record high. The vix closed up three weeks in a row. This is something to Pay Attention to, because that happened in early january before the beginning of the volatility. That huge spike up for the vix in white, the s p 500 falling at the beginning of the trade war, than the volatility to come in the end of 2018 with a similar situa