Opec supply cuts will tighten the market. It is labor day in the United States and canada, the regular band is out for the holiday and ive taken over for the interim period. A little bit of visibility of what is open. What we know is currently offline are the cash, u. S. Equities and theres also no cash u. S. Treasuries. Many firming up by 1 5 of 1 . The folks at jp morgan and Goldman Sachs making an argument around the story. In terms of valuations those are looking stretched. International equities more attractive. The twoyear german bunds with the country selling 5. 5 billion euros of twoyear government bonds thats coming up at the beginning of this month. A weaker greenback and then brent crude hovering short of 99 a barrel. Lets set the scene with assets in china. China builder shares surging with the nation boosting property support. Shares advancing 8. 7 . Weve taken the real estate index after the country cut down payments for homebuyers and encouraged lenders to lower rates on
How significant you think that is? ., ,., how significant you think that is? ., , ., . how significant you think that is? ., . ., ., is? you so much for having me on. it is? you so much for having me on- it is is? you so much for having me on- it is of is? you so much for having me on. it is of course is? you so much for having me on. it is of course significant i on. it is of course significant whenever brics comes together as a formation, they represent 40% of the global population and a quarter of the world s gdp as a block. maui now controls more of the global gdp than the g7 does and, of course, china is at the centre of that. this is really a moment for the brics coalition, it is indeed attempting to institutionalise its values thatis institutionalise its values that is projecting into the world. china s economy is incredibly wobbly at this moment. they have not recovered from the pandemic and, of course, russia and the person of vladimir putin cannot even attend this summit
Virtually instead. live now to patrick gaspard, president and ceo of the center for american progress, and a former us ambassador to south africa. thank you forjoining us. we see china s xijinping is attending the summit in person, how significant do you think that is? ., ~ , ., how significant do you think that is? ., ~ i. how significant do you think that is? ., ~ . ., that is? thank you so much for havin: that is? thank you so much for having me- that is? thank you so much for having me. it s that is? thank you so much for having me. it s of that is? thank you so much for having me. it s of course - having me. it s of course significant, whenever brics comes together as a formation, they represent 40% of the global population. and a quarter of the world s gdp. brics now controls more of global gdp than g7 does. china is at the heart of that. this is at the heart of that. this is at the heart of that. this is a consequential moment for the brics coalition. intending to institutio
Pandemic. and of course russia, in the person of vladimir putin, can t even attend the summit because there is an arrest warrant against him on the icc of which south africa is a signatory. china plays an outsized role, but india and brazil are not to be forgotten. i want to ask you about one of the narratives we have seen going into the summit. that these are countries coming together to challenge the global north s dominance and highlight the global south. what does south africa want to get out of this summit? i would be careful get out of this summit? i would be careful in get out of this summit? i would be careful in giving get out of this summit? i would be careful in giving such - get out of this summit? i would be careful in giving such a - be careful in giving such a clear hard and fast definition of the aims here. you have such diversity in the brics coalition. and while there may be nations like russia and china that intend to directly challenge the west, there are other
It is fascinating and a lot is at stake. let s hearfrom patrick gaspard, the president and ceo of the centerfor america in progress, and a former us ambassador to south africa. it is of course significant whenever brics comes together. as a formation, they represent 40% of the global population and a quarter of the world s gdp. as a bloc, brics now controls more of the global gdp than the g7 does and, of course, china is at the heart of that. this is really a consequential moment for the brics coalition, it is indeed intending to institutionalise its values that s projecting into the world. china s economy is incredibly wobbly at this moment. they have not recovered from the pandemic and, of course, russia, in the person of vladimir putin cannot even attend this summit because there is an arrest warrant from the icc of which south africa is a signatory. so china takes an outsize role, but other countries are not