Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
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
The auto sector is in crisis a study by the Consultancy Group shows the pandemic has cost the industry billions of dollars worldwide the german order giants like fox fox timeline and b. M. W. Have seen revenues collapse 5 to 40 percent thats never happened before the Global Market was waiting before the coronavirus hit and the comic is here scrambling to catch up in the huge shift towards cleena and smart a take its all come up once bosses say they need more help but a virtual cost summit with german chancellor Angela Merkel has left the mentee handed 1. 00 of the topics was how to financially help supply is on the one hand the whole industry is suffering from low demand on the other hand the conversion to alternative fuels is a top priority concrete measures a set to be decided at another meeting in november. Is head of Automotive Research at sanford c. Bernstein what happened to the cox chancellor merkels always being such a staunch supporter of the sector. Well i think most answers
Florida broke the u. S. Record with more than 15000 new cases in just one day on monday another 12624 new cases were confirmed meanwhile just south in Brazil Police officers patrolled beaches in Rio De Janeiro the citys mayor marcello cruella required residents to wear face masks and only those practicing individual sports were actually allowed in the sand or the sea wall deaths in mexico reached 35000. 00 on sunday the latin american countries surpassed italy and now has the worlds 4th highest death toll from the pandemic the mayor of mexico city plans to target neighborhoods with a higher number of people infected with covert 19. What we call the 2nd Program Priority attention settlements and it consists of targeting the settlements neighborhoods or towns that have the most number of people with. And australia remains cautious over a possible 2nd wave of cobra 19 as the state of victoria reported a high of more than 250 daily cases over the weekend the city of melbourne which reimpos
The United States topped 3300000 coronavirus cases on monday the death toll exceeds 135000 what this means is that nearly one in 100 americans have now tested positive for the virus this comes as 32 states across the country saw an increase of covert 1000 cases of at least 10 percent in the last week while on sunday florida broke the u. S. Record with more than 15000 new cases in just one day on monday another 12624 new cases were confirmed meanwhile just south in Brazil Police officers patrolled beaches in Rio De Janeiro the citys mayor marcello cruella required residents to wear face masks and only those practicing individual sports were actually allowed in the sand or the sea wall deaths in mexico reached 35000. 00 on sunday the latin American Country surpassed italy and now has the worlds 4th highest death toll from the pandemic the mayor of mexico city plans to target neighborhoods with a higher number of people infected with covert 19. What we call the 2nd Program Priority attent