Were breaking down the historic summit that just wrapped up at camp david a short time ago. Also tonight, were learning more about Donald Trumps plans to skip next weeks republican president ial debate. Sources saying an interview with former fox news host Tucker Carlson is now in the works as trump aims to steal the spotlight from his rivals. And a categoryfour Hurricane Lashing Mexico and is posing an unprecedented threat now to Southern California. The region is under its first Tropical Storm watch ever, and potentially facing a years worth of rain in a matter of hours. Welcome to our viewers here in the United States and all around the world. Wolf blitzers off today. Im alex marquardt, and youre in the situation room. The Camp David Summit is our top story this hour. President joe biden working to strengthen ties with japan and south korea as the three countries face urgent threats from china and north korea. Cnns Arlette Saenz is at camp da david. And will ripley is standing by. H
Through the us legal system and of course in china as well. I think what it means also is that amongst all of the various imbalances in the economy in china right now, the property sector might be the weight on the economy that lasts the longest simply because it is going to be such a slow slog in terms of restructuring of this debt. We have seen pictures of unfinished buildings, families and even sometimes having to squat in those buildings because they cannot afford to pay the rent and pay their mortgage on these properties. What can china do to try to boost this up . Somehow the key to this issue right now is to complete Unfinished Projects because this will at least keep some of the financing flowing. As you mentioned, the many, many projects are presold and the households that buy those properties they make Mortgage Payments even if they are not able to take delivery of the product but as construction has come to a halt, they stop making those and that means no Income Accruing to
Bankruptcy protection in the us under chapter 15 which governs Foreign Companies in the us, protecting them from creditors that might want to sue them. You have probably heard of chapter 11. That typically governs American Companies but it is chapter 15. According to Court Filings these negotiations are ongoing in hong kong, canaanite and British Virgin islands. We have reached out to evergrande that have not had conversation. To those who have wondered if they have ever thought of evergrande before it is chinas huge property giant. They have about 1300 projects across 280 different cities in china and they invest in everything, not just property. They have an electric vehicle maker and a football club, but as i mentioned, 2021 was when we saw the Company Default on its debts, sending shockwaves across the Global Financial system and triggering a string of defaults from builders who owed money to evergrande or expected them to complete some contracts. We have seen 40 or the companies t
Correspondent shaimaa khalil. This is moving very quickly. What has been the reaction there . It this is moving very quickly. What has been the reaction there . It may have started has been the reaction there . It may have started a has been the reaction there . It may have started a bit has been the reaction there . It may have started a bit slow, has been the reaction there . It may have started a bit slow, but has been the reaction there . It may have started a bit slow, but this have started a bit slow, but this match is picking up really quickly. It is changing very, very fast. I was getting ready to come to speak to you about how wild the crowd went when sam kerr scored that absolute cracker of a goal, with so much powerfrom a distance, her at her absolute best. You couldnt hear yourself talk or think, because the crowd just went wild. Australia were backin crowd just went wild. Australia were back in the game. Within minutes, lauren hemp then scored another goal for england. As
Good evening and welcome to the bbc news at six. Two people have been released on bail after police removed 35 bodies and a quantity of ashes from a Funeral Directors in hull. Detectives say theyre investigating a truly horrific incident and families are understandably distraught and heartbroken. Theyve had more than 1,000 phone calls from concerned members of the public. 0ur correspondent nick garnett has been speaking to one of the families affected. My mum was a beautiful, loving person. Would give Anybody Anything she had. Susan stone was 78 when she died. Herfamily paid for her to be cremated, but now theyve been told it never happened. They cremated my mum the same day, or the next day, waiting for a slot. But obviously she didnt get cremated. Heartbroken. Anger. Disgraceful. Humberside police are still searching this building owned by legacy Funeral Directors and others the company owns. 120 officers are involved and police say they found 35 bodies and what they think are human