Front. Caroline the question is whatd you miss . Data shows that the u. S. Retail sales rose in september at the fastest pace in three months. Numbers released next week and china are expected to reveal that the nation is on pace to grow this year, with Industrial Production on fire. When you look at the big picture, joe, economic reports confirm that china needs the u. S. And the u. S. Needs china. Their economies are linked handinhand on the industrial and consumption levels. There are many issues between these governments, that we would see. But there is a link between the two economies and it is remarkable. Joe it is pretty striking because so much of the story of the economy, the Global Economy some overproduction in china, it is the opposite. You see this in our charts that Cameron Crise made. Industrialine is recovery of precrisis levels, very impressive. On the consumption side, it is very far below precrisis trends. Chinasuction side of economy is roaring back a lot faster. Ca
Good morning, everybody. Welcome to squawk alley. Im Carl Quintanilla with jon fortt a fortt. Weve seen risk off behavior in europe we watch both covid19 developments and system husband hopes. Dohm is going to break this down to start the hour. We were down in the early parts of the session so far. Just after the opening bell. 300 point decline. You can see here were still hovering near. 75 decline for the dow and s p 500 about 1 p as it has been for the past couple months now, the nasdaq has really been the outperformer or underperformer on down days as you can see here. Continuing in that trend today 11,616 there 1. 25 declines overall take a look at the nasdaq so far, were still continuing to kind of hover near the record high levels. Not so far away from them right now. Finding some support over the last couple of months here with the nasdaq now down 1. 3 there still is a renewed focus on many of the Technology Names that are driving some of the action for instance, the momentum tr
But you were talking about the dow being in positive territory for the First Time Since september 2nd. Stocks in china reopened after a week long Public Holiday they both jumped by more than 2 the shanghai composite was up by 2. 6 lets take a look at where things stand right now in europe where there is some trading taking place you can see the markets are open there and theres a bit of a mixed picture. Its actually a little bit higher ftse 100 is right around the flat line, andrew. Hey, becky. Weve got so much going on this morning. Weve got this is squawk planner, two major tech events first amazon sales day it begins after it was postponed, if you remember, back in july. Now running two days, starting at midnight tonight eastern time so watch out for that. Ive already scheduled it and then Apple Holding the big event tomorrow the launch event expected to unveil the new iphone. Everybody looking for the new 5g iphone it will include the first major exterior redesign since 2017 and we
Tiktok parent byte dance as hopes for a partnership with,el can avert u. S. Sanctions soft Bank Shares Jump as they agree to share to nvidia for 14 billion. The Japanese Investment company is looking to go private japans Ruling Party Leadership race setting him up to take over as Prime Minister placing the countrys longest serving premiere shinzo abe. Thanks for joining us. Let me take you to the European Market but we havent got 6,000 points which is very difficult territory in recent months so the dax chasing almost half of a percent and looking solid. Near 5,000 points last week and holding on to that leadership with another. 7 italian stocks also in the green. We saw last week that these markets would try to hold on to some of the gains despite selling on wall street very serious patches of volatility on the u. S. Markets but european stocks did try to put a little bit of distance between themselves and the market action. Lets take a look at the better performing parts of that mark
A cathedral faster than a mosque and later a museum now istanbuls landmark hagia sophia is being reconverted back into a mosque but is this an act of religious significance or political narrow minded yes this is inside story. Hello welcome to the program im adrian fenty and one of the worlds most famous landmarks the Hagia Sophia Museum in istanbul has been turned back into a mosque turkeys president but one says the site will be open to muslim worship in less than 2 weeks after a top court ruled that the buildings conversion into a museum in 1904 was illegal built one of the half 1000 years ago as an Orthodox Christian cathedral august affair was converted into a mosque after the awesome and conquest in force 153. 00 while unesco a greek russian and other Church Leaders have denounced took his decision its Foreign Ministry insists that its a domestic issue of National Sovereignty will bring in our guests in just a moment but 1st a report from aljazeera said im close to istanbul. Doesn