France and germany and others remove travel receptions spur tourismu. To and britains nonessential shops opened today as well. Stocks fall on fears of a wave of rhinovirus infection. Over 20 u. S. States see a pickup. Tokyo sees the most cases in over five weeks. Beijing reports another outbreak. Plus, bloomberg learns of an internal plot at nissan to take months beforeown his arrest in japan. The information comes to light and is due to face a trial in tokyo. Just under one hour away from the start of cash equity trading. Lets take a look at how far down futures have fallen, right now looking at 2. 5 drop on the stoxx 50. The benchmark index. Futures down a little bit more than that. Teachersok at u. S. As well. S p 500 emini contracts approaching 3 losses. Nasdaq futures off. What does the gmm look like . Anna ill get to the gmm in just a moment. Pricel giant revising its assumptions and expecting to take a charge in the second quarter. They see a noncash impairment and the write off
And beijing chief for the financial times. And also joining me is jiayang fan, a staff writer from the new yorker. Her latest piece is titled at the communist Party Congress, xi jinping plays the emperor. I am pleased to have both of them. Let me begin with you, richard. Where does xi come out of this . Richard he comes out more powerful than ever. Rivals, it is dangerous to challenge him and heresy to challenge him. He dominates not just the politburo, in the central committee, over the last year he has all of his people into the heads of the big provinces and cities. The big question is, what does he want to do with his power . It is not that clear. Charlie he clearly suggested china has a broader role to play in the world. Richard that has been the most astounding thing about this congress. A transformative event. In some ways xi jinping is not , the story, the communist party is the story. China for many years had a this allen victim for for their foreignpolicy. The same thing appl
Council members made the move to punish the reclusive nation for carrying out a nuclear test last month. Translator the United States and south korea went as far as adopting a u. N. Security Council Resolution to impose more sanctions on our country while trying to set off a newark war. A statement by the committee in charge of interkorean dialogue says north korea will scrap nonaggression pacts with the south starting monday. The statement says the country will close the northsouth hotline at the demilitarized zone. Authorities at pyongyang said they would cancel the 1953 armistice. They justified that decision by saying they were responding to u. S. South korea military exercises that start ad week ago and will continue into april. North koreas announcement has sparked strong reactions in seoul. South Korean Defense Officials Say they are ready to strike back against anything that the north throws at them. Translator north korea is conducting military drills with unprecedented intens
Secretary xi jinping will be confirm as president and li keqiang should become premier. This week were taking a closer look at the country they will inherit in our special series china, change and challenge. James tengan reports for us. The npc has wrapped up its third day and there are indications the incoming government will be different from those of the past. Are you seeing any indications . Reporter yes, gene, delegates inside the great hall of the people are talking behind closed doors, but elsewhere in beijing we are seeing signs of how things are already changing under the incoming regime. Business as usual in beijing, even with the biggest political event of the year under way. But unlike past years, you cant Tell Congress is in session just by looking around. When i was here last november, this area was full of flowers and decorations for the National Party congress, but all that pomp and circumstance are gone, except for that red sign over there which says, long live the peo
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