To European Markets opening up, and the close in asia saw significant gains in Hong Kong and japan. The picture there is across the world, that is last night but this is what we are drawing our attention to here, the Hang Seng up by almost 4 and then Ak Injapan up by 3 as well. For more, joining me now is rory green, chief China Economist at t5 lombard. How significant are the new measures . It isa it is a significant Step Up in stimulus from beijing. What we have had announced so far, and we have got clarity on the monetary Side And Today the Politburo Set for september gave us an indication, we do not yet know the size of a fiscal stimulus and that will be crucial to assess the acceleration of growth. As you touched on, until traders are loving these signs and china assets are ripping higher. Observers have been saying for quite some time that beijing needs to do something dramatic to stimulate its economy. Why has it waited so long or until this point to do so . It has it waited so
Thank you forjoining us. Why are they doing this . Thank you so much. First of all, all of the things about models was a big promise about the impact and scalability and universal approach. You can use purpose ai for different applications. Now, it is time to show the economic return. They need more control of their assets and Infrastructure And Data capacity in order to deal with the next round. It is 6. 5 billion. It is 150 Billion valuation. It is not easy to understand that technologies commoditised. The price of chatgpt is 3. 5. Now, it is 2 of the price it was in 2022 when this model was leading. There is much more competition including Language Models and smaller Language Models, and local solutions and companies. Does it raise questions about the ethical approach of 0penai . They always said that they wanted to avoid the mistakes that were made with the social media revolution. It is. Does becoming a for Profit Company jeopardise that . You becoming a forProfit Company jeopardi
EvenIng. There wIll not be any meetIng wIth PresIdent Trump, he of course has grown, former PresIdent Trump, he has grown IncreasIngly crItIcal of PresIdent Zelensky, accusIng hIm of havIng a favourIte In thIs comIng electIon whIch does reInForce how crucIal the next sIx weeks could be for ukraIne and for the europeans lookIng on. The one element of good news for PresIdent Zelensky Is that he was dIscussIng wIth the former PrIme MInIster Is thIs reassurance has been gIven that the Defence Department wIll allocate all of the remaInIng SecurIty AssIstance that congress had approved for ukraIne by The End of the year. So, before the next admInIstratIon comes In. Mary and, presumably, when he meets Kamala HarrIs In the next hour, he Is goIng to hear that there wIll be contInuIty If she becomes the next presIdent. That Is rIght, and she can assure hIm of that because thIs Is not the fIrst tIme they have met. In fact, kamala Is not the fIrst tIme they have met. Infact, Kamala HarrIs Is not t
Unpleasant and sometimes you have to execute a Search Warrant or not give somebody an opportunity to delay or take more time. So i think that has yet to play out, but it is clear, jim, as you said, there is some bad blood here between the respective sides and theres a Pr Battle going on. I mean, Eric Adams made statements last night. Apparently hes going to speak again. Hes going to try to get in before the u. S. Attorney speaks at 11 ive been 30. Eric adams we know is not shy about what he says on camera. Its worth noting the u. S. Attorney, who again will speak in about a half hour. He is constrained as to what he can say. I think when we see his press conference, weve seen them recently. We saw when two weeks ago in the sean combs, the did he case . The u. S. Attorney can only say essentially whats already in this indictment now its a 50 some page indictment. Its very detailed. So he will have some material to work with here, but yeah, Eric Adams, i believe Eric Adams will continue
Manu raju begins right now breaking News Welcome to inside politics. Im Manu Raju in for Dana Bash were following major Breaking News on multiple fronts. First moments ago, new York Citys mayor indicted prosecutors, just announced five pub, Federal Public Corruption charges against eric adams, being Bribery And Wire fraud and moments from now, new York Appeals court will hear arguments in Donald Trumps push to overturn a civil Fraud Judgment that could unravel his Business Empire and cost him happen 1 1 Billion and then theres hurricane helene, 86 Million people are on alert as it rapidly intensifies and officials warn of lifethreatening Storm Surges will bring you updates from our team on the ground its better. To hear later this hour from the Fema Director at the White House but i want to start with a High Stakes appeal setting for Donald Trump former president , Fighting A 454 Million fine after Judge Arthur engoron ruled that he carried out a yearslong scheme of inflating assets tr