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expiring ones. the dollar index in weakness, 1200 right now and continues to slide down over the past four weeks. the dollar moving average 200 day the lowest average in recent weeks. citi says looking at a 30% possibility that gold will get to 2000 an ounce in three to five months. stocks rebounded yesterday after slumping 5%. china up 1.3%, turnover has receded from its highest levels since 2015. the hang seng up 1.6%, biggest increase since july 6. tencent adding 5%. alibaba is the one to watch, surging 5%. ant financial look at where we are in terms of the southeast asian markets. china up by 0.5%. sti up 0.7%. theaad: we also have european union leaders running a policy marathon as there planned two day meeting to pass a massive recovery fund. in the u.s., republicans and democrats are starting to hammer out a budget plan this week. our policy editor kathleen hays is with us. in both cases, agreeing on a we are getting some murmurs of an agreement. we certainly a ....
galapagos after u.s. drug maker gilead doubles its stake with a $5.1 billion investment. and rallies after being awarded $5.8 billion in damages relating to a joint venture in pakistan and as the race heats up for the next managing director of the imf, the fund hosts an event on central and eastern europe. i ll be speaking shortly to the the deputy managing director of the fund well good morning, and happy monday i want to take you to some of the price market action that we ve had over the last couple of hours or so on friday we had wall street close at record highs, but the news of the last 24 hours has been dominated by the gdp number that came out of china 6.2% is the figure while some people are pointing to the fact that the gdp trend is the weakest in seven years, one it s in line with expectations and fixed asset investment stronger than expectations, even retail sales for the month of june in china came in at 9.8% versus 8.3% expectations some of the detail ....
perfect union, one teacher s homework assignment for parents is giving his students a much needed lift. but we begin this morning with a look at today s eye opener, your world in 90 seconds. we immediately started contacting people to make the hearing possible. given until friday to agree to testify. a letter to the democrats saying we have done everything we can to contact her. that is such [ bleep ] i can t hardly stand it. can i have a hug? president trump is back in washington after touring the carolinas to see areas hard hit by florence. we will never forget your loss. we re with you all the way. a mass shooting in pennsylvania left four people hurt. officers shot and killed the gunman. it was pandemonium. everybody was running. mark cuban is taking responsibility after rampant sexual harassment is uncovered in his franchise. never in my wildest dreams did i think this was happening right underneath me. officials say six people identified wh ....
the fourth time in just a month. announcer: live from cnn center, this is cnn newsroom with rosemary church. good to have you with us. well, we begin with a brutal winter storm that s been hammering much of the southeastern u.s. with freezing rain and snow. and the northeast is next. as many as 80 million americans were under winter weather alerts on sunday, stretching from georgia to maine. and the effects of this system could cause problems for days to come. states in the appalachian region are seeing heavy snowfall and high winds. parts of north carolina got as much as a foot of snow, or about 30 centimeters. and at least 25 counties declared a state of emergency. down in florida this system spawned tornadoes on the west coast, which destroyed at least 28 homes and damaged dozens more. downed trees and power lines knocked out power to nearly 300,000 customers across the southeast on sunday. more than 150,000 along the east coast are still in the dark. and more ....
holmes. good evening. i m ryan yamamoto. and i m sara donchey. former theranos executive sunny balwani has been convicted on 12 counts of fraud. each wire fraud count carries a maximum sentence of 20 years in prison, and the conspiracy count carries a maximum of five years. sentencing is set for late september. prosecutors say theranos execs knew their technology didn t work, but pressed on, trying to set up many labs in walgreen s pharmacies. i spoke with legal analyst stephen clarke to get his reaction to today s verdict. what s your reaction to today s verdict? well, certainly the balwani team is not very happy with this result, particularly when you look at elizabeth holmes case, and she was portrayed as the mastermind of theranos, and yet she was only found guilty of four counts. but mr. balwani, who said i was just following orders and an investor, got convicted of all charges. this was a very bad outcome for the balwani team. and i think when you look at b ....