That actually will be the next big triumph for beijing or is this perhaps just ahead a dose of propaganda. I think its a dose of propaganda i think what weve seen so far has been this wolf socalled wolf warrior diplomacy which has been extremely aggressive characterizing. The equipment that was being sent as age when in fact it was being paid for the criticism of the response by the french government for example has been a lot of of the senior diplomats in europe of being chinese diplomats in europe are being behaved very badly in the recent survey by the pew Research Body show that the majority of well western companies have a worse opinion of china than they did before the coronavirus i think if the vaccine comes out as it could be does a lot of questions about the vaccine whether theyve gone to stage 3 testing if it can happen so quickly. How all of this is happening. So often with china you come up against a brick wall where the questions stop you know like how did that how did the
Economic winner thats our topic. And welcome to to the point we have a great roster of guests to answer that question its a pleasure to introduce Clifford Kuhn and he was a Foreign Correspondent for 15 years in beijing and he says chinas success in dealing with the coronavirus shouldnt distract from its emergence as a challenging strategic rival and im very pleased to welcome more its a little piece an analyst an expert on china at the german think tank s w pete and he says china has been partially successful in gaining International Discourse power by revealing an ugly side beaching has failed to profit more significantly from the covert 1000 crisis. And were very pleased to have with us she is a freelance journalist from china and she says compared with the financial crisis 2008. 100 Recovery Plan is greener more domestic and it digital oriented. And so when we start out by asking you rudolph china has reported Economic Growth of nearly 5 percent in the 3rd quarter of this year thats
Big internet companies, that was the worst sector yesterday. Investors bidding those higher into earnings. One note, something that is not different, supporting the idea fundamentally nothing has changed, investors looking past it, we have a lower low on the s p 500. Sharply,ave oil down heading to the worst week since april. Commodities, and wrist asset down in a bait way. David to add one further complicate in fact are, look at the 10 year. We are above 80 basis points again. That is a risk on reaction. How does that fit with commodities . Abigail great question. You have bond selling off. The 10 year yield back in the top part of this years range, suggesting it will make a move for 1 . That will be wrist on because it would mean investors going out of bonds and could also pressure stocks. On the week, bonds are rallying. On the week we have a big haven bid, big haven bid for the dollar. The dow and s p 500 heading for the worst week since march. We also have crude oil down in a big
Busiest week of earnings thus far. Trillionlmost 16 worth of corporates reporting. We need to figure out exactly what the set up looks like. Lets do that with scarlet fu. Scarlet what we have learned so far as we are deepening in an earnings recession with more than a quarter of the s p 500 having reported. Third quarter etf down 18 . Third quarter revenue down last, but still up 4 versus last year. We have definitely turned the corner because declines in the top line and bottom line are less bad than it was in the second quarter. It may even turn positive by the second half of 2021 when the conversations become easier. The market had priced in all of these Third Quarter declines. So far, so good. 500 are topping estimates overall. Sales are beating estimates by 3 . That is the most in two years. Eps is surprising to the upside by 18 , slipping from a 23 margin in the second quarter. Gina martin adams says Growth Companies are beating estimates more widely than value companies. When ea
And welcome to to the point we have a great roster of guests to answer that question its a pleasure to introduce Clifford Kuhn and he was a Foreign Correspondent for 15 years in beijing and he says chinas success in dealing with the coronavirus shouldnt distract from its emergence as a challenging strategic rival and im very pleased to welcome our its googles hes an analyst an expert on china at the german think tank s w p and he says china has been partially successful in gaining International Discourse power by revealing an ugly side beijing has failed to profit more significantly from the covert 1000 crisis. And were very pleased to have with us kyung son she is a freelance journalist from china and she says compared with a financial crisis 2890. Recovery plan is greener more domestic and digital oriented. Then we start out by asking you rudolph china has reported Economic Growth of nearly 5 percent in the 3rd quarter of this year thats a rate almost equal to what it was doing befor