the imf said it welcomed steps announced by policymakers earlier this month to stabilise china s beleaguered property sector. lets get the low down now with louise loo, who is china economist at oxford economics. louise, looking for china. projected to grow beyond expectations. projected to grow beyond expectations. yes, exactly. this is very expectations. yes, exactly. this is very positive - this is very positive assessment. i think the upgrade to the growth forecast notjust this year, next year, suggest to us that there is a good sense of expectation that policies will continue to be quite supportive of the economy. i think generally it is quite good news if you think about the different structural problems the economy faces, including property. including property. property bein: including property. property being the including property. property being the main including property. property being the main one. - including property. property being the main one. it
market share, opening more stores, adding more distributors ends telling more problems for the it overtook apple as a second most popular smartphone maker during the first quarter of the year. but now apple has reason to celebrate. the companies iphone sales in china rose 52% in april compared to a year ago. that s according to data from a research company is affiliated with the chinese government. that entity, the china academy of information and communications technology doesn t track apple specifically instead it measures the increase in foreign shipments. but in the an branded game, apple is the lead player. and apple could see more games for that is been discounting select models which could lead to more sales. staying with technology nvidia s momentum continues, with its stockjumping 7 percent to hit another record high on tuesday. the chipmaker and leader in the artificial intelligence space is now valued at $2.8 trillion. it is currently wall street s third most v
outfront tonight is the economy, stupid. in a surprise news conference today the president blamed congress for keeping americans out of work. they left most of the jobs plan just sitting there, and in light of the head winds that we re facing right now, i urged them to reconsider because there are steps to take right now to put more people back to work. the president is angry that congress has not passed his jobs bill, which sat on the shelf since last fall. part of it did pass. the payroll tax cut extension and long-term unemployment insurance, but the president wants to pass the rest immediately and the price tag is $297 billion. his bill summary, which we obtained from the white house, says that money will go to things like preventing teacher layoffs, modernizing schools, building science labs for a total of $297 billion. does spending more add up? we wanted to know the answer to that question. we did the math on how much money taxpayers have spent on stimulus since
crashing an outdoor graduation. caught rhett handed and rhett faced. a robber sprased and spanked. you re going to see it. good morning, everybody. who love this is one. i love that one, too. bang, bang, don t come back. it s nice to have you here. i m ashleigh banfield. and zoraida. it s 5:00 a.m. in the east so let s get started for you. up first bill clinton getting back on script and back in step with the white house at least for now. in an exclusive interview with wolf blitzer, the former president doing a lot of apologizing after praising mitt romney s sterling business record and suggesting he would be open to extending the bush tax cuts with the wealthy, a position directly at odds with president obama. here s clinton yesterday on the situation room. i m very sorry about what happened ned. i thought something had to be done on the fiscal cliff before the election. apparently nothing has to be done until the first of the year. he should just stick with his
outfront tonight, crisis in america. just take a look at this video. sums it all up. you at home watching, me, all of us are hurdling fullboard a cliff that could be our doom. this is the so-called fiscal cliff. $15 trillion in debt climbing every day. $2.8 trillion in tax cuts scheduled to expire this year. another debt ceiling drama looming. if we hit this cliff, we ll die. tonight i spent the day hearing the conversation at the fiscal summit from the key players, a bipartisan group including president bill clinton, treasury secretary timothy geithner, house budget committee chair paul ryan, house speaker john boehner, alan simpson, and what i heard from awful them is a bipartisan call for action and alarm. the next into years could be the most consequential two years we see in washington and have seen in the last 50 or 60 years. and interest rates will go up so fast you won t be able to catch your breath. how much? how much are they going snup some wall street invest