give republicans minority control over critical issues like abortion. and the brawl on an alabama dock that launched a thousand memes. why is this fight resonating so much and will the folding chair wind up in a museum? we begin tonight with donald trump obliterating norms for his political and personal gain. norms like rooting for your country on the international stage. call it patriotism, fandom, however you want to characterize it, we generally root for the home team when american athletes compete abroad and we are sad with them when they lose. the defeats can be soul crushing, and a lot of stomachs churned on sunday when the u.s. soccer team lost to sweden in the women s world cup. it was an agonizing moment for the top-ranked women s soccer team in the world especially when soccer star megan rapinoe missed a crucial penalty kick contributing to the loss and then something weird happened. conservatives relished america s loss, expressing a maniacal glee over their an
seeinu economic recovery. we are seeing the economic recovery. we are seeing the stock-market . economic recovery. we are i seeing the stock-market rout seeing the stock market rout that has really gathered steam over the past couple of weeks is really a reflection of the fact that there is this unrelenting bearish sentiment when it comes to china in particular china s economy, so i don t think that curbing shortselling is really addressing the root cause of the problem that households, businesses, particularly in china, not feeling exuberant about the economic recovery, so this latest measure is really a band aid solution rather than finding an actual solution to the problem. es, finding an actual solution to the problem. finding an actual solution to the problem. a bit more about the problem. a bit more about the bigger the problem. a bit more about the bigger problem the problem. a bit more about the bigger problem at - the problem. a bit more about the bigger prob
the route that has really - the route that has really gathered steam over the past couple weeks, really a reflection of the fact that there is the unrelenting sentiment when it comes to challenge now chana. household businesses particularly in china and not feeling exuberant about the economic recovery. this latest measure is really a band aid solution rather than finding an actual solution to the problem. it s been more about the bigger problem. how deep into the problems 7 ? i think the property market is one that ? i think the property market is one that is ? i think the property market is one that is really ? i think the property market is one that is really front - ? i think the property market is one that is really front and | is one that is really front and centre, and what we see is that the correction in the market is manifesting in so many different areas of the economy, particularly private sector investments. we ve seen a rise investments. we ve seen a ri
liquidation of the company. it basically means its assets will be seized, sold off, in order to repay some of its outstanding debt. in terms of the company public day to day operation including building homes in mainland china, it will probably stay the same for now. this ruling doesn t send a through the chinese financial market because of course for many decades a real the real estate sector has been one of the major drivers for china s economy growth. whether or not this liquidation process will be followed remains to be seen because despite the one country, two systems slogan, many experts that i ve spoken to have said that there are some thornyjurisdiction issues some thornyjurisdiction issues so whether or not the liquidation there liquidator that will be appointed by hong kong court, whether or not that person will be recognised by mainland china remains to be seen. of course a lot of ordinary chinese citizens have been, have invested in evergrande, haven t had thei
more than 3/10 of a percent. this is what they call a bull run. the market s been on the upswing since october 2022, and it s thanks to a few tailwinds. among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hoverin