Yes i can understand wire you writing about it now hasnt happened jet. Im learning about the things we can write about now. I deliberately took a step back. Im not writing as things unfold. Im not about this or that misstep by this so that government. Im not talking that level at all. What i am doing is standing back and saying okay, why pandemic why now. That is something i could do. Youve been reading my work, you know, i like many other people been writing about this for years. Weve been saying this is going to happen. These are the viruses we need to worry about. This is what we need to do. It is already so obvious those predictions were back on. And we havent done a lot of things we need to do. This was kind of the moment to repeat all of that stuff. At a time when people can really understand it. Therefore the message might really come home to the right people. I think that point out emphasizes how strongly am how political leaders have been represented to them previously for pre
Chancellor and french president meet near berlin theyre hoping to win over skeptics to their multibillion euro coronavirus rescue package. And we visit a city in thailand thats in corona virus lock down no one there to feed them hungry gangs of monkeys are roaming the streets in search of food. Im on me and its if welcome to the program beijing has passed a controversial security law for hong kong critics fear will allow china to control the semi autonomous region chinese lawmakers unanimously approved the bill beijing says it aims to tackle sedition subversion terrorism and collusion with Foreign Forces it has drawn International Criticism for being at odds with the quote one country 2 systems policy agreed to by china when it took control of the former british colony in 1997. And worse were still waiting for our correspondents mathias been here so now we will go to some of the latest developments in the corona virus pandemic the World Health Organization says its sending a team to ch
Index to session lows in the final halfhour. Asian markets face an uncertain retention ofs want u. S. Actions. Meanwhile, hong kong braces for what could be the biggest protesting month as the City Government needs to discuss criminalizing disrespect for chinas National Anthem. Haidi lets get a look at the markets, which are being jolted by prospects of more u. S. China tensions, the prospect of these further sanctions from washington to beijing as well as Key Developments in hong kong as we get the second reading of this controversial bill as well as the expectations of more protests. Held by newg upside zealand markets. We heard from the annual testimony report there could be more mobility to the countrys Financial Institutions, hearing from the governor. Upside in kiwi trading at the moment. U. S. Futures stumbling. A little downside when it comes to trading in the futures on the back of the failure to hold onto the key psychological 3000 level for the snp, geopolitical concerns get
Lisa lee. Lets begin with sonali. Wework, not surprisingly, continues. There is a question of who will finance this company and softbank takes control. Trying to get a loan deal done but there is something unique. Please explain. Sonali softbank said we work as the coborrower here. Softbank had become intertwined since they got into this deal. Softbank has been emerging as somebody that banks want to work with, despite the troubles that have happened, they are seeing portfolio companies, something to look out for next year is doordash. Also a Portfolio Company in the vision fund, working with j. P. Morgan for a Credit Facility here. Lisa softbank is listed as the main borrower. I found this fascinating. They are putting their own money and name on the block here. How much of a liability is this for softbank in a broad sense . And isolated case of them bringing it into their purview . Are they going to bring other portfolios in . Sonali we work is a oneoff given how far it has fallen fr
Focusing on the hottest commodities with the smartest voices in the business. First, we kick it off with spot on. It is our take on the big story. Its a tale of saudi aramco and chevron. Joining me is our managing editor of energy and of commodities, and rachel in houston. Lets kick it off with aramco. Testing a 2 trillion valuation on thursday, when will we get to know the real market value of the company . Tina weve had two full days of trading now. They went up to their daily limit of 10 and today they went up about 5 . For a few brief hours, they were trading at the magical 2 trillion level. That is the level that the Saudi Crown Prince was looking for. Where do we go from here . Investors have told us they think it will increase by another 10 to 18 in the next week. On the other hand, we got a note today saying get out, its time to sell. Opinions are all over the place. Alix considering the difficulties the crown prince had bringing this close to 2 trillion valuation, its impressi