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Businessweek joel weber. Lets start with remarks in asia, that bears close watching. Businessweek has been writing about the debt pile up in china. China has been doing something to get rid of that. Joel this is called the year the dog. What we will be talking about is deleveraging. The debt pile up in china is enormous. Theres been a number of people the further away you get from china, the more bearish you get on china, apparently, but for years, people have been calling for something is going to give. It will be bad for the global economy. All eyes on this in general. Where our story picks up on that is talking about, the number is 30 trillion. Thats how much we are talking about here. Its massive. The number people pick up on is 2. 5 gdp. What do you do about that . President xi this year will be about deleveraging, which is what this is about. Julia still providing credit to companies that they are not concerned about, but they are also cracking down on big corporates that have be ....
Reporter just to get back to the thing that happened a couple days ago. The president tweeted that they problem with the emigration is the democrats dont want secure borders. They dont care which the safety of the usa. Do you think that is a fair characterization . General kelly how i would put it is that there is a an element let me step back and say i that honest men and women can disagree on anything politically or otherwise. For one thing, i draw a line on the security of the nations. There are people in our country who have the opinion that open borders are fine. People should be able to come and go. There are others, myself included, you can bet the president , i think the majority of americans feel as though security on the borders is important. How you achieve that is a different story. I have great relationships with the mexicans. We have great relationships relationship with the mecca with the mexicans. In my view, we suffer more from the hard drive demand which we do not see ....
Carol we are here with the editorinchief megan murphy. In the business section, we take a look at japanese manufacturers, long felt in all held in awe for their practices but those practices now in question. Megan a steel manufacturer has been showing to use falsified specifications and companies that they had products that they have shipped. The scandal has drawn up, this broader issue in recent years, going back to olympus. We have had these Japanese Companies rocked by abuse scandals and what mystery delves into is what are the pressures on these manufacturing companies. The backbone of the country. Why are they being forced into these kinds of scandals . What is the pressure . And the answer is tried up. Julia four cost answer is china. Julia for cost reasons but also for whistleblower laws. Megan every scandal at a Japanese Company when it breaks, we are familiar w ....
These Earnings Calls Julia Boorstin is in l. A. On the facebook call, phil lebeau is getting ready to jump on the facebook call. Were tag teaming both of those Conference Calls on the red phone. Tesla turned to a bear market after hours. Lets get to phil lebeau for all the details. Phil, the details are in that shareholder letter, there are a lot of details when it comes to the model 3 reporter a lot of details about the model 3, well talk about that in a little bit the Free Cash Flow for the quarter, melissa, listen to this, negative 1. 4 billion for tesla. They ended the quarter with 3 35 billion cash on hand as you mentioned, when it comes to model 3, the company has issued new guidance in terms of its production schedule. It says it expects to build 5,000 model ....
Insurance work like Car Insurance . Would that solve the problem that debate is on tap as power lunch starts right now. All right, welcome to summer, everybody. The Summer Market as well. Stocks in a narrow range energy, though, the best performer in the s p oil doing something it has not done in a while, rising for a fourth straight day. Financials also doing pretty well the big bank etf, the kre and the kbb both near session highs. Theyre on pace for one of their best shake shack higher, despite a note from Goldman Sachs saying earnings could take a hi because of all the rain weve had in the northeast goldman noting shake shack has heavy exposure up here many locations have outdoor seating. Also, darden rallying on its earnings beat, the restaurant chain raising its ....