business, finance, and politics. jin liqun: in the present-day world, only cooperation is the answer. for the first time, this generation realized there is no planet b. this invasion portfolio, we have to have a lot of bets, knowing that some of them won t succeed. this innovation portfolio, we have to have a lot of bets, knowing that some of them won t succeed. viviana: it is all straight ahead on bloomberg best. hello and welcome. i am viviana hurtado. on this edition of bloomberg best, highlights from the bloomberg new economy forum. global leaders gathered in beijing. they exchanged ideas, examined opportunities, and addressed challenges facing society, this at a critical moment of economic transition. on the agenda, issues including trade, technology, climate, urbanization, and much more. china s vice president, wang qishan, set the tone in his keynote speech. he warned against protectionism. vp wang qishan: [speaking foreign language] translator: we should pursue
answer. for the first time, this generation realized there is no planet b. bill: in this innovation portfolio, we have to have a lot of bets, knowing that some of them won t succeed. viviana: it is all straight ahead on bloomberg best. hello and welcome. i am viviana hurtado. on this edition of bloomberg best, highlights from the bloomberg new economy forum. global leaders gathered in beijing. they exchanged ideas, examined opportunities, and addressed challenges facing society, this at a critical moment of economic transition. on the agenda, issues including trade, technology, climate, urbanization, and much more. china s vice president, wang qishan, set the tone in his keynote speech. he warned against protectionism. vp wang qishan: [speaking foreign language] translator: we should pursue common, comprehensive, cooperative and sustainable security and reject zero-sum games and cold war mentality. viviana: some of the world s most influential people in banking and fina
the shutdown tracks on amid warnings of zero growth of this quarter. nancy pelosi is blocking the state of the union. get a quicket s check of the markets here in the u.s.. a day it was for u.s. stocks. the s&p 500 managed to finish above its 50 day moving average. we had some cautious confidence as this rebound may be has legs. the nasdaq stayed unchanged. essence be futures are also not moving that much right now. we do have concerns over global growth and trade tensions. but some more positive earnings coming out of ibm, procter & gamble, and united technologies. asian stocks are set for a softer start as that growth debate continues in sydney. we are seeing some lawsuits. led bygards are being beach energy, which is off by 2%. in new zealand, we are seeing declines in futures. we do have some corporate updates on the agenda. reporting earnings fell short of expectations on weaker demand for memory chips. that tracks with texas instrument s performance in the fourth quarte
giuseppe mandelson, former european commissioner. looking at all this as things get well underway, let s take a look at the negativity about trade. mutual respect was really desired by wang qishan. he talked extensively about that and how stability was key. that first the united states and chinese needed each other. he went on to say the propellers of the global economy, founded on trade itself. he was talking about an hour ago. the world today faces many problems that require close cooperation between china and the u.s. it is our firm belief that both china and the u.s. weight gain from cooperation and lose from confrontation. i were relationship will have a direct impact on global stability and development. rishaad: wang qishan talking a little while ago about trade, sending the message that this is something front and center of the global economy. it is the propeller of it, as i was mentioning before. also it is facing the biggest challenges that could change the world and
bargains. but the mood may not carry over to asia markets. the most expensive midterm campaign in history heads to a finish with all five braced for a power split on capitol hill. let s get a quick check of the markets ended on this first trading session of the week here in the u.s. of course ahead of the midterm elections on tuesday, investors had a lot to weigh, especially as trade tensions between the u.s. and china continue to brew. we also have some tech stocks sinking as we heard a report that apple may not be boosting iphone production. the nasdaq fell. although the news on berkshire hathaway buying its own shares did power the s&p 500, which ained .6% while the dow gained .8%. the energy sector was another stock we saw some stocks from the energy sector gaining ground as of course we have iranian sanctions coming into play in the u.s. but all of that as w.t.i. saw some volatility. we had also heard about some temp rare waivers for some countries that could be buyi