To European Markets opening up, and the close in asia saw significant gains in Hong Kong and japan. The picture there is across the world, that is last night but this is what we are drawing our attention to here, the Hang Seng up by almost 4 and then Ak Injapan up by 3 as well. For more, joining me now is rory green, chief China Economist at t5 lombard. How significant are the new measures . It isa it is a significant Step Up in stimulus from beijing. What we have had announced so far, and we have got clarity on the monetary Side And Today the Politburo Set for september gave us an indication, we do not yet know the size of a fiscal stimulus and that will be crucial to assess the acceleration of growth. As you touched on, until traders are loving these signs and china assets are ripping higher. Observers have been saying for quite some time that beijing needs to do something dramatic to stimulate its economy. Why has it waited so long or until this point to do so . It has it waited so
There . What is being heard and said at the un is being there . What is being heard and said at the un is being very said at the un is being very different to what is being heard and seen in the Middle East right now. When we woke up this morning, there was talk of the Ceasefire Proposal that was being put forward yesterday, but as the day has gone on, we have heard that a strong response from Benjamin Netanyahu who said he hadnt even responded to the proposal yet but they would continue to fight full force. We have seen that on the ground here. We have seen more continuing israeli Air Strikes and in the south of lebanon. Also here in beirut. Another one of these pleasant strikes here in the Southern Suburbs of beirut, only a couple of kilometres away from where i am talking to you right now. I went down there in the aftermath of that to see what was happening. Its less than an hour since this Air Strike was reported in the Southern Suburbs of beirut. I want to show you, you can see th
Stimulus measures, we look i have pledged that building a strong Middle Class will be a defining goal of my presidency. Ms harris said her plan would lower costs for americanfamilies, invest in entrepreneurs and ensure america leads in future industries like artificial intelligence, built here in america by american workers. The Focus On Finance comes as several polls built here in america by american workers. The Focus On Finance comes as several polls show donald trumps lead on the economy is narrowing with voters. The former president campaigned in the Battleground State of North Carolina today, where he went after his opponent. Kamalas not attacking me. Shes attacking your furniturejobs, shes attacking your communities, shes attacking your factories, and shes trying to send all of those jobs to china with everything else. A day earlier, Mr Trump warned companies making products abroad would have to pay a substantial tariff, sparking criticism within his own party. Im not a fan of t
Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spacs, were expecting to see more than 7 billion worth of ipos this week. Since the start of 2014, only three other weeks have surpassed that kind of volume. Most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. The only week thats saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, though, is that the billions of dollars in new stock is c