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Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than 3 in the previous Second Quarter. Youre on your, still a contraction of 1. 3 but its a much smaller contraction than was expected and it is also a contraction that has eased from the previous quarter. We have seen growth and strength when it comes to south koreas exports and manufacturing industries. Thirdquarter manufacturing actually growing 7. 6 quarter on quarter when you look at the details in the gdp numbers. We have seen the rebound ....
The economy as early as next month. Almost 2 Million People have died worldwide. The imf and world bank prepare to meet amid the most down the worst downturn since the 1930s. The new reality of collapsed trade and mounting unemployment. Oily we are seeing reversing gains as much as a percent at one point in london. 25 , sames now down for wti. We had the reduction coming from opec and its allies are that would have been the sickest single largest in history. Goldman sachs but says it is insufficient. U. S. Futures gained at the open, reversing earlier prices. The nikkei futures also down 1 . We have markets closed on holidays including australia and new zealand. Global cases also affecting sentiment in the markets. Those cases rising towards 2 million with the United States the epicenter of you break after fatalities in the country surpassed italy. There are signs of optimism ....
France confirmed on wednesday that the country had left niger. Nigers military council had earlier revoked ceylon etis diplomatic passport and ordered the police to expel him from niger. The departure of the french ambassador took place after nigers military in early august. With the removal of the president , president Mohammad Bazum took power the deposed supporter of france was the former colonialist of niger, and some news and reports of a relatively new phenomenon in america and england in the center of the city of philadelphia in the state of pennsylvania, people in groups looted stores, many of these people with bags full of goods from inside the police came out of the shops, arrested some of them , and we can see the report prepared by the american cbs network about this. This was an unfortunate event for philadelphia because groups of mostly young people were engaged in numerous robberies. They have several stores in the ....
Lots to talk about. Looking at chinese debt, its another way of looking at all of this as the Deleveraging Campaign continues. , have a up the chart look at this is the borrowing binge. It has really been chronic. It is a chronic concern. Looking at this, we have total 206 of gdp, higher then twice the average economies. Should we be paying that much attention to the total amount or should we be looking ahead . This is deleveraging, the push that we have. There could be some light at the end of the tunnel for the naysayers about the chinese economy. Kong, shenzhen, shanghai and just under half an hour. And we have singapore, taipei, and kuala lumpur. On the street of dreams overnight. A tech rally, it was felt by the draw we saw in metals. It could be in for an interesting session. We will take a look at the big picture. The longest losing streak this year. A dollar. Tracking the decline into your treasury yields. Some of t ....
Happy new year to all our viewers. Lets look at markets this morning. Coming off a bright session in asia, less bright in europe. Were mixed here the nasdaq slightly lower. The dow and s p slightly higher. We had a selloff to the end of trade last week, last year as well and that meant that week to date we had slight declines in the u. S. , but clearly still gains for the month, the quarter and the year Consumer Discretionary, the best sector for the quarter and tech the best sector for the year tenyear treasury, saw lower yields close to 2. 5 on the tenyear but ended very close to 2. 4 again, which is where we are now. 2. 43 . Lets look around the world starting in asia and see where equities ended up. You can see mostly higher for china. The hang seng higher by 2 shanghai up by 1. 3 . The kospi higher by a half percent. Better than expected data that we got out of china. Thats helping a bit here. The nikkei was just slig ....