been interesting. not just value but also small caps. also industrials, also cyclicals. they wound up beating estimates, coming in at over 600,000. the earnings went up slightly as well. if you have a miss, you get punished. for global exchange. we will bring you today s market news from around the world, from hong kong to brussels to london. first, we start off in asia where china is firing back at the u.s.. mike pence s criticism of his actions against protesters in hong kong. he said china s actions in hong kong curtail liberty rights. the foreign ministry blasted the remotes remarks and said we hope they can get their own house in order. i was quite surprised by their response today. their response yesterday was much more consolatory consolatory from chinese news outlets. they accused vice president pence of line. they accused him of arrogance. y said his speech was and the like. as you mentioned, they said the u.s. has to look itself in the mirror. to your p
then, we have the global cover story. president trump s government shutdown. jason: how it is redefining politics. carol: what is interesting about your story, this shutdown is different from what we have seen in the past. it really is. i have been covering washington politics for 20 years. there have been 10 government shutdowns since 1980. this is the first one engineered by the president himself. that has created a set of circumstances that explain why things are so contentious, why it has dragged on for so long, and why there is no end in sight as we enter month two of the crisis. jason: take us back to the prologue, the famous meeting in the oval office, and the president says, i will own this, this is my shutdown. does he regret that? i think what happened is trump planned a confrontation. the problem is he got caught in a bickering match and accepted responsibility for the crisis in advance before it kicked off. that is the worst thing you could do from a strateg
whether, talking about the windex olympics getting underway. this story looks at the between northont and south korea because of the games. north korea is making the most of this little opportunity. if there were an olympic medal for freestyle propaganda, they are getting it. julia: what are the south koreans getting out of lists this? they will march their sports stars under a unified flag with the north. that is a big statement. that is what this story is about. why would you be willing to do this? that was the question we posed because we think this is going to be short-lived. the games are going to happen and we will be right back to a different mood. carol: you have to think about it too, because it is a great sports story. everyone walked choose likes to watch the olympic games, but it is also a financial story. south korea has paid billions in getting ready for these games. how do we make this a business story? there was a lot of business opportunity in thi
and south korea because of the games. north korea is making the most of this little opportunity. if there were an olympic medal for freestyle propaganda, they are getting it. julia: what are the south koreans getting out of this? they will march their sports stars under a unified flag with the north. that is a big statement. that is what this story is about. why would you be willing to do this? that was the question we posed because we think this is going to be short-lived. the games are going to happen and we will be right back to a different mood. carol: you have to think about it too, because it is a great sports story. everyone likes to watch the olympic games, but it is also a financial story. south korea has paid billions in getting ready for these games. how do we make this a business story? there was a lot of business opportunity in this, and they are willing to put it all on the line with this decision. carol: it is kind of shocking, though. go back a month. th
carol: welcome to bloomberg businessweek. i m carol massar. julia: and i m julia chatterly, and we re inside the magazine s headquarters in new york. carol: in this week s issue, what happened to america s most iconic company, ge? julia: the dangerous in the caribbean. carol: and taylor swift takes on the scalpers. julia: all that and more on businessweek. carol: we are here with the editor-in-chief of bloomberg businessweek, joel weber, talking about the olympics getting underway. this story looks at the unification front between north and south korea because of the games. north korea is making the most of this little opportunity. if there were an olympic medal for freestyle propaganda, they are getting it. julia: what are the south koreans getting out of this? they will march their sports stars under a unified flag with the north. that is a big statement. that is what this story is about. why would you be willing to do this? that was the question we posed becaus