8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your
Polls indicate a big winner for socialist luis out of say in believe his president ial rerun paving the way for ever more outlets to return plus. No country has weaponized its Cyber Capabilities as maliciously and irresponsibly as russia the u. S. Charges 6 of Russian Military officers over alleged hacking attacks on ukraine the Winter Olympics and the french election. Thank you for joining us around one in a 195 people in the world is now known to have tested positive for corona virus and the true number is likely to be much higher 40000000 cases have now been diagnosed a worldwide thats according to a tally by Johns Hopkins university in the u. S. The total has jumped by 10000000. 00. In just one month due to increased testing the u. S. Accounts for just under a face with more than 8000000. 00 making it statistically the worst hit country in the in the world its closely followed by india a country that is trying to improve the number of tests it can carry out and 10300000 cases are i
Out of 5 segs laeout of 5 segs s out of 5 segs laessions last we. A lot of that potentially around the possibility of vaccines. Well talk to dr. Scott gottlieb about that pfizer already saying that its made several hundred thousand doses of its vaccine they could have 100 million ready by the end of the year if they receive approval. Lets look at whats been happening in the treasury market this morning as well last week you did see those treasury yields under some pressure this morning back a little higher yielding 0. 774 . Thanks, becky busy day ahead lets look at the squawk planner. A group of Oil Ministers are meeting today. Theyll be talking about the weakening demand and increased output by some members immediate action is expected on the economic front, fed chairman jay powell will be speaking at the International Monetary fund meeting at 8 00 eastern time then we have some earnings news. Ibm, the big name to watch its going to be reporting Quarterly Results after the bell of cou
And seriously and cautiously consider whether or not it should halt its sales negotiations the Chinese Ministry of Foreign Affairs for their part also weighed in on the situation monday. Chia the. China has repeatedly stated that we are going to to the u. S. Abuse of National Security concept and state unreadably suppressant lifting enterprise measure of other countries will move fundi us it to me with no economic bullying to manipulation tactics against non us companies. Whether it is legal to coerce transaction with the government mandatory transaction to do what the us has done is nothing short of actual words to robbery out of the interests not only violates murders and suppose but is also an irony your ship was a market economy and fair competition principles the us it has always advocated and joining us now to discuss this boom bust cohost investigative journalist ben swan whos been following this. Story but i want to start with these new regulations what specifically do they do.
This is boom bust the one business show you cant afford to miss friendship or in washington coming up a new chinese restrictions may cause problems with the sale of social media after the Us Operations as reports indicate a deal could happen within days will dig into the details chinas Manufacturing Sector is continuing to grow but what do these numbers mean for a Global Economic recovery will bring in some expert analysis to see what where things are headed and later a host of trade deals in jeopardy as the e. U. And u. K. Are deadlocked over certain provisions will go over what is holding up these talks we have a packed show today so lets dive right in. And we have hit a new and dramatic chapter in the fight over social media tick tock only days ago it looked like tick tock was about to announce its sale of u. S. Operations within a matter of days but now new rules from the Chinese Government may be able to actually block that sale late friday beijing announced new restrictions on th