let s take a look at what s happening and how serious the situation is. property is basically at the heart of everything. for 20 years it boomed, developers borrowed billions, families invested their savings in houses. but now it s in crisis. there are too many houses and not enough people wanting to buy them. it means prices are plummeting. that is basically the biggest reason why we haven t seen the post pandemic spending boom that so many had predicted in china. chinese would slash their savings, to consume like crazy, go to parties, and that hasn t happened. everybody is well aware that the financial wealth is concentrated in housing, it s being hammered. some economists are worried on a deeper level. for the past few decades china s astonishing growth has been powered mainly by building. factories, roads, bridges, houses, you name it, china needed to industrialise and it did. but there comes a point where there is only so much you can build before it starts becoming a wa
the property is basically at the heart of everything. for 20 years it boomed, developers borrowed billions, families invested their savings in houses. but now it s in crisis. there are too many houses in not enough people wanting to buy them. it means prices are plummeting. that is basically the biggest reason why we haven t seen the post pandemic a spending boom that so many had predicted in china. chinese would slash had predicted in china. chinese would slash their had predicted in china. chinese would slash their savings, - had predicted in china. chinese would slash their savings, to i would slash their savings, to consume like crazy, and hasn t happened for the everybody is well aware that the financial wealth, it s being hammered. some economists are worried on a deeper level. for the past few decades china s astonishing growth has been powered mainly by building. factories, roads, bridges, houses, you name it, china needed to industrialise and it did. but there co
issues fleecing boeing, double affect the demand for its planes on the air sure as a result these orders coming in? i don t think you will have any long term effect i think what is important that boeing has responded in the right way and taken ownership of the problem and they acknowledge that there is a serious issue that they need to address and i think they re going to go about that they re going to go about that the right way and that is what we want to see and i am confident that boeing will take the right measures and returned to his state of being the global supplier.- to his state of being the global supplier. there s quite a lot of attention global supplier. there s quite a lot of attention on - global supplier. there s quite a lot of attention on the - a lot of attention on the company showing its plane at the airshow and do you think you can position itself as a viable alternative to boeing in the future? i viable alternative to boeing in the future? the future?
more now from new york with samira hussain. in these latest charges, the sec said coinbase acted as a broker, exchange and clearing agency for investments that are subject to sec rules but they did so without properly registering, and that, the regulator said, allowed the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise. as a publicly traded companyit disclosed in march of this year that the sec had notified it that these charges may be coming. in response, coinbase said the rules were not clear. testifying on capitol hill tuesday the chief legal officer for coinbase said it try to get new rules in place for crypto platforms like theirs, but got no response from the sec. since that time, we have had over 30 engagements with the sec to try to work towards a sensible framework for regulation that would allow, for example, the registration of platforms as either broker dealers or atss, or a national securi
the catalyst wednesday s consumer price index report which showed inflation rising less rapidly in april than we d seen in the first three months of the year. fed chairjerome powell had said just a day earlier that fed officials were surprised by this year s higher than expected readouts. traders keenly watch inflation figures for clues on how the fed will move forward on interest rates. any news of price increases easing raises their hopes the interest rates will be cut sooner rather than later. now more investors expect the fed to make its first rate cut in september and a second in december. as we have been reporting on news day, russia re president has arrived in china for a two day visit. it comes as moscow has become more dependent on beijing following its invasion of ukraine more than two years ago. trade numbers hit record highs last year as china bought discounted russian oil in the face of sanctions. you can weep up with the latest on president putin s trip by our