department of justice is responsible to congress. mark: european equities, just under 30 minutes until the finish of the session. you know the function. macro movers come equities on the left. look at the ftse up by one half of 1%. nine straight days of records, that is a record run. those are the currencies that are falling. the euro and pound against the dollar, today, sterling earlier falling below 1.21, 123 is the key level which we will explain. bonds, commodities, your final three columns. corporate news, valiant pharmaceuticals international agreeing to sell three skincare brands to the world s biggest cosmetic company, $1.3 billion. it wants to pay down the $30 billion in debt, that is valeant, embroiled in scandals about his drug s high process and regulatory investigations. l oreal paid a high price for the brand to challenge nestlé in medicated skincare, the largest category in the cosmetics industry, accounting for more than one third of the global market, l orea
it on the line for a bid for nation sf the finances. we ll have more later on in the show. i m in dubai. david: i m in hong kong. midweek session across equity markets. very upside momentum. recap what happened on wall street. impressive rebound there. is back from the 50 day moving average. have a look at this, 1% gains in new zealand. australia is close behind. .7%, a new record for that market as well. the ruby is on the way up. across the commodity space in china, have a look at this third column, copper is on the way up. steel is up. 26ve a look at this chart 72 hundred terminal. we are trading above 12. it has been the best three months for this index and chinese stocks in general going back to 2000 days. 2006. it is just two hours away from the opening of the emirates markets are 10:00 a.m. local time. this is the state of play. volumes quite light across the board. it is up up .3%. bear in mind we did see some notable weaknesses in property stocks. after losingped
plunged about 3% along with it. homeownership rate, plunging as well, which is still yet to climb back to levels seen in 2008. let s bring in today s panel. fox business s charlie gasparino. dan schaefer of schaefer asset management. dominic tavella. are we better off? we have better gdp numbers. you left that out. we re a growing economy. melissa: so you think we re better off than we were? president obama inherited a horrible situation. i mean i covered the financial crisis every day. it was nasty. it definitely sent the country into a great recession. maybe the stiffest economic downturn since first depression. melissa: so you re on his side? no. here s why. he actually had a chance to get this country going so many different ways. he had some bipartisan support for tax reform and tax cuts and he blew it. and his whole presidency in my view is one big missed opportunity. melissa: 15 million more people on food stamps than there were. they would say they re finally re
melissa: the umbrella revolution marchs on. protesters continue flood the streets of hong kong as they stockpile supplies and prepare for the long haul. demonstrators setting tomorrow deadline for chinese leaders to meet their demand for political reform. bring in today s panel. we have fox business s charlie gasparino, jack hough from barron s and chris, editor of power trend profit. this story is blowing up. meanwhile the president says nothing, he is mute. we should point out president obama is only president to sort of wimp out with china. bush and brent scowcroft toasting chinese leaders right after tianamen square, when that was 1989. melissa: look at pictures. before we start attacking president obama on this remember the bush administration aided and abetted a similar regime, similar crackdowns. i will say one thing, there is market story here. look at alibaba start killing people, pull a tianamen square watch shares of alibaba get crushed. melissa: you agree wi
essential personnel, the shutdown is endangering national security and he raised the sector of the mall attack. what if they are planning to do the same thing in a shopping center here? where the person translating that one sueo moll somalian. wolf says the bill still locks in a 10% across the board cut in discretionary spending. the republicans won the issue on the spending levels. you won on the sequester. exactly. wolf says that he can only speak for himself. he says he has no idea how many other republican members of the house feel the same way as he does. jan, back to you. all right, bruce, thanks so much. of course a lot of you sounding off about this shutdown. should congress be paid during a government shutdown? this one wasn t even close. more than 1300 people said no way. a handful did say yes. one viewer said they need to have the same consequences they gave everyone else. we invite you to go to our website. what do you think? peggy fox went to th