Christine lagarde, the managing director at the imf. Fang xinghai, vice chairman of Chinas Securities Regulatory Commission and director general at the intercontinental economic department. Gary cohn, president at goldman sachs. Zhang xin, chief executive officer and cofounder at soho china. And ray dalio, chairman and chief executive officer at chief Investment Officer at bridgewater associates. Thank you so much for joining us. Ray dalio, is there something that the west misunderstands about Chinese Markets and does that exacerbate the volatility we have seen the last few weeks . Mr. Dalio i think there is a lot the west does not understand about Chinese Markets. I think the essence of whats going on in china is an adjustment. They have four major challenges. They have a debt restructuring challenge. They have an economic restructuring challenge, so they have to come up with a new model for the economy. They have a Capital Markets challenge. To build in an efficient way that circulat
Managing director of the imf and thank you so much for joining us. Is there something that the west misunderstands about chinese exacerbate does that volatility . The think there is a lot west does not understand about Chinese Markets. The essence of whats going on in china is an adjustment. They have a debt restructuring challenge. They have an economic restructuring challenge and they have to come up with a new model. They have a Capital Markets challenge. They need to build in addition ways that circulates capital through the system better. They have a balance of payments challenge. That will pressure on the currency. That havethings happened repeatedly through the rest of the world. The United States has had three major debt crises. S l crisis. Weve reshaped our economy many times. We have gone into other areas. We have had another of talents of payments and currency issues. One of the things being misunderstood is what is a normal balance of payments and too much debt restructurin
Driver to safety and brought him back to him back to life. And counting stars. Who will go headtohead in the first big awards nominations of the season . And could it be the leading ladies of thursday night in a golden globe showdown. Kerry, viola . Which one is golden this morning . Consider it handled. And we do say good morning, america on this thursday morning. A tale of two coasts right now. Powerful storms on both sides of the country. No question about it. The east digging out from the noreaster. Some places have more than 2 feet of snow. The powerful storm already being felt in the west. See these houses on the ocean destroyed. And the powerful Pineapple Express is just reaching Northern California bringing torrential rain. Emergency preparations in effect right now. Schools closed. Our extreme weather team is on it. Ginger is going to start it off. Sounds benign, the Pineapple Express sounds nice. But, no. Its an Atmospheric River from the waters around hawaii. Its like adding
A fed up mom puts an end to this highspeed car chase jumping out to take on an alleged carjacker wrestling him to the ground. Why the driver says her maternal instincts kicked into high gear. And good morning, america. Let me check. All six of us are here. So no powerball winners. No. At this table. I played, though. I played. We all played. And lost. And here are the numbers here are the winning numbers right now 11, 13, 25, 39, 54 and the powerball is 19. So, heres the big question of the morning, does this store right here, live from princeton, texas, does that look familiar to you . Because that is where one of the Winning Tickets was sold . The two others were sold in North Carolina and puerto rico. Puerto rico. Theyre already winning. They live in puerto rico. And more than 30 won a Million Dollars with the five numbers. Just missing the powerball. T. J. Holmes is here. He he here with the latest. Its great to be with you, robin. Look, let me give you the good news, literally the
Quarantine mandatory to ensure the crew remains confined until october 22nd. Before going to nbc, nanser snyderman was a familiar face. She has not reported any symptoms so far. Again, the nurse infected in dallas had treated Thomas Duncan. He was the first person in america to be diagnosed with ebola. He died last week after arriving from liberia, his remains were cremateed to kill the virus. The remains were turned over to his family. But now there is some debate on what to do with the ashes from his personal items. All of his belongings have already been burned, a total of 6 truckloads full, including linen, carpet, beddings. The ashs from his items were supposed to be buried in louisiana, but the state attorney there is seeking a restraining order to keep any of it from entering that state. Meantime, a Healthcare Worker now infected, we wanted to see how ready Bay Hospitals are if ebola were to show up here. Live outside San Francisco General Hospital with more on that part of this