crypto prices higher. specifically i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as ap
we? , . , , we? yes, we have been in this situation we? yes, we have been in this situation and we? yes, we have been in this situation and times we? yes, we have been in this situation and times before - we? yes, we have been in this situation and times before to l situation and times before to be specific. this is the latest adjournment to be honest with you and when it comes to this whole anagram saga and we are in today isn t so different to the position we were in yesterday evergrande. the details we have out of the court, we haven t had many. what we do know is that the creditors, these foreign creditors, these foreign creditors who brought the case against evergrande, they weren t opposed to the adjournment, so that suggest that the parties are going to try and go back to the drawing board and come up with some kind of repayment plan that is credible for everybody. evergrande says that will be refined in the next five weeks but have to say about that. it is wi
has over $3 billion of liability. for more on how this could play out i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a prohibition and that will be a formal appointment of liquidators later inaudible what would a liquidators cease to do and correct. to do and correct. directors will seize to do and correct. directors will seize control to do and correct. directors will seize control and - to do and correct. directors will seize control and with l will seize control and with that no power inaudible and while the provisionally data will resume the powers of the directors said they can do basically all of the powers as given by court to them
it is the world s most indebted company. for more on how this could play out, i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible when a judge orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a provisional and that will be a formal appointment of liquidators later what would a liquidator do and with the directors cease to have control of the company in the circumstances? directors will cease to have control and with that no power inaudible and while the provisional will assume the powers of the directors so they can do basically all of the powers as given by court to them in the court order. we ll be hearing more on that story in just a little over an hour so stay tuned. news from the ongoing
the bbc reporter michelle fleury has more on the story. the road has not been easy. the last time elon musk took to the stage to promote the company s cyber truck, its windows ended up being smashed. four years later, as the company starts delivering the futuristic product to buyers, the problem has been fixed, with customers there in person at the tesla factory there in austin, texas, there to collect their cyber truck. elon musk put on a show to mark this historic moment. this video shows a cyber truck beating a porsche in a drag race while towing a porsche. but tesla s entry into the lucrative us stock market truck market is some two years behind schedule, at a time when high interest rates have dampened buyers ability to make new purchases. the cheapest model is $61,000. elon musk said the company has more thani million reservations and although the cyber truck is not expected to turn a profit for several years to come, given the enormous challenges in actually making