Cade of the nations best minds, we begin with gordon chang. Go. Freeman of New York Times he has praised the chinese system. The one party they know how to get things done. While condemning the american system. Has he turned out to be right . What is going on in china . Well, Thomas Friedman has been wrong, so has klaus schwab head of World Economic forum who said that china was a model for the developing world, they are wrong, weve seen the fire on the 24th. Immediately there were protests, they were not coordinated. People were on the streets. They were on Streets Protesting Covid Rules which contributed to deaths in that fire, they said down with xi jinping, and down with the Communist Party. The mood on the streets in china, is they realize the root cause of the problems is the Communist Party, the system does not work. And if they thought about it, they would have said, Thomas Friedman is wrong. Mark yeah, New York Times, and cnn, have both praised the communist chinese handling o
Welcome to the pulse, live from london. Nikkei hasns recorded its biggest oneday gain since 2008. That came as asian stocks rose across the board amid optimism that chinese policymakers will succeed in stabilizing the mainland equity markets. Francine the chinese premier will address an evening session of the World Economic forum and discuss the state of chinas economy later this morning. To round up all the market moves, lets get to mark barton. Mark what is going on today , then . The asia pacific index rose the most since 2009 in the last two days. The shanghai composite Index Benchmark has risen by 5. 3 , all on this belief that china will stabilize its Financial Markets. It comes after all three u. S. Indices went down, their secondbiggest gain of 2015. Index hadsiapacific its biggest gains in 2009 not the most astonishing move today in asia. This is the most astonishing move yesterday, 24 hours ago, we were talking about the nikkei erasing all of this years gains. What a differen
Good morning, everybody. Welcome. Youre watching the pulse live from bloombergs european headquarters. Were here in london. Im guy johnson. Lets get straight to our top stories. Protests in hong kong. Beijing Bank Authorities demanding that the chief executives of hong kong must now go. David, give us a sense of whats happening in hong kong right now. Well, what were seeing just today after the protesters once again blanketed the main roads into central hong kong, a lot of them have gone to work today so it seems some dispurgs of the crowd but we expect them to come back again. Tomorrow and the day after, it is a Public Holiday here in hong kong and those were the days when occupy central, one of the main organizers of this movement wanted to have their sitin. They brought it forward because the students really started protesting last friday, but what we really do expect to see tomorrow is tens of thousand s of people back on the streets here in hong kong. Remember these protests, numb
Tohello, welcome countdown. A warm welcome. Lets start with mario draghi. He disappointed the markets. European stocks close lower as the president failed to set a target for how far he is willing to go to revise the economy. We will be watching the u. S. Jobs report. Analysts estimate a sharp rebound for september. Christine lagarde told bloomberg we are facing serious clouds on the horizon. We will looking in depth at some of those clouds and a couple of minutes. Lets start with what is happening in hong kong, though. A week of democracy protest has had consequences. The markets slumped on its return from its twoday holiday. The demonstrations took the shine off gold. Lets check the atmosphere on the street. Our reporter joins us now from hong kong. So, paint a picture for us. Business is back after the holiday. How much is it business as usual and how much has it been a real disruption . Im standing on the bridge connecting a passenger ferry to a major Shopping Mall in central hong
A selloff in the markets. Another 1 move to the downside. Thats three in five sessions, actually. The fed minutes, as we said, coming this afternoon. Yum cutting its forecast for the year. The scandal in china continues to weigh on sales. Jcpenney is holding its investor meeting today. The stock has almost doubled since february. Is jcp really back . More retail numbers today. Costco earnings are out. Theyve beaten estimates on the top and bottom line. First up, stocks are looking to shake off Global Growth numbers. The dow suffering its worst day since late july. The s p falling 1. 5 , settling at the lowest level in almost two movanths. The worst day for transports in about eight months. Oil today below 87. If cramer were here, he would say that is pointing to real demand concerns around the globe. A sign, as you say, of just slowing growth around the world. Thats the key. When you talk to people this morning as i did or even late yesterday, first thing they catch is oil. Down today