On market movers. Here is what is new at this hour. Firing back at his critics. Mark zuckerberg sitting down with foxs own dana perino sounding off on calls to break up big tech and whether or not billionaires should keep their own money. Were going to bring you the Facebook Ceos response on that one. Plus, a defense of the wealthy, coming from a very unlikely place. Why alec baldwin, social warrior, alec ball win, super left, alec baldwin finding himself on the same side of capitalists. Holding companies responsible for the worst drug crisis in u. S. History, a landmark opioid trial could be averted if a meeting today ends in enormous sell meant. That is going on right now. Connell that is a big story. Fox Business Team coverage of all top stories. Gerri willis on floor of new york stock exchange. Blake burman at the white house. Deirdre bolton in the newsroom with latest on possible opioid settlement. On friday, in the markets gerri, we start with you. Reporter what a day today. The
No on the latest growth figures we just cited some of those for china on the Global Forecast 429000 the i. M. F. Forecast is now at 3 percent that would be the lowest level in that figure since 2008 and that highlights a necessity perhaps from market policymakers to strengthen domestic financial vulnerabilities pose risks to growth in the medium term what domestic vulnerabilities do you think policymakers at the i. M. F. Are steering national pauli make and policy makers toward addressing. Well you know theres no i dont put a lot of credence into the i. M. F. To begin with i mean going back to Christine Lagarde i mean they really dont have an understanding or who have even how the Business Model works so i really put very little into what they say and if you want to tell you that chinas numbers chinas numbers ive never been we can never prove it to shine numbers are accurate either so between the 2 of them i really dont even pay virtually no attention nor do markets as you can see that
Vulnerabilities do you think policymakers at the i. M. F. Are steering national pauli make the policymakers into the i. M. F. To begin with i mean going back to Christine Lagarde i mean they they really dont have an understanding or a clue of even how the Business Model works so i really put very little into what they say and you want to tell you that chinas numbers chinas numbers and ive never been we could never prove that the shine numbers are accurate either so between the 2 of whom i really dont even pay virtually no attention nor do markets as you can see that the market drop near record highs so theyre not listening to what they have has that either because again i lend them no credibility as far as i understand the actual structure and how these markets are working so now it should be obvious to any country thats already been developed that they cannot possibly sustain double digit growth so china in particular has had double digit growth for the past decade and now everybody e
Inspired this years viral halloween costume. It is tuesday, october 22nd. Fbn a. M. Starts right now. We got the beat. We got the beat. We got the beat. Yeah, we got it we got the beat. We got the beat. We got the beat. Cheryl and welcome to fbn a. M. Good morning. Im cheryl casone. Lauren hey, everybody. Im lauren simonetti. Cheryl lets take a look at how your money is moving this morning. Right now we have red arrows, dow is down 25, s p down 2 and three quarters, nasdaq down 4 and a quarter. Were getting earnings before the bell from four dow components, including travelers and mcdonalds. Lauren upbeat in asia. You have hope that this trade deal will be signed next month. The shanghai composite gaining half of 1 , the japanese market is closed and Hong Kong Market is higher. Relief measures being put in of to boost that economy. Cheryl over to europe, dismay as Boris Johnson is trying to secure the u. K. s exit from the eu today. That challenge seems daunting. The cac is slightly in
A serial offender according to reports so the u. S. Just decided to ignore the ruling decision of the day because it didnt like the outcome of the case so now china is requesting authorize ation from the d. S. P. To suspend concessions and related obligations at an annual amount of 2400000000. 00 the u. S. Could challenge the amount of sanctions sought which would send the dispute to arbitration and while all this is happening the u. S. Is working a different angle with to hit china back with the transatlantic fight over the aircraft subsidies at the between the u. S. And europe may allow for the u. N. U. S. To come together to draft rules for industrial subsidies to take into the w t o as a way to force change in china all it needs now is a final resolution to the air bus boeing fight. The International Monetary funds latest World Economic outlook report has downgraded chinese growth forecast to 5. 8 percent for 2020 lower than the 6 point one percent forecast for 2019 while trade ten