octavio: you are right to ask the question. extraordinarily difficult, the idea of one country, does k systems is going out the window. that means chinese law will be the law of the land in hong kong , that means a lot more restrictions in terms of what goes in and out, what funds you can buy and what asset classes you can handle. a lot of the business is leaving hong kong. if you look the mutual fund outperformance, that money is disappearing, i would not say it is evaporating but it is moving quickly to taiwan or singapore where there is safety. on hong kong to carry on being the financial sector in that part of asia, i think that is a bit of a fools errand at will not be the way it works out. they will have to look at beefing up activities and having one foot in the chinese market for a european or u.s. bank is exceptionally difficult. guy: ok. we will leave it there. thank you very much, indeed. we greatly appreciate it. enzi -- octavio marenzi, thank you very much indeed. these are the final numbers. pretty ugly. certainly

of march for more on this debt and the state of equities let's bring in some expert analysis from octavio renzi c.e.o. of optimists as well as blue bus co-host christi i thank you both for being here today now christine i want to start with you what does this report mean for china's economy and is the recovery there well underway. well it seems like the recovery balance post corona seems to be strong and activity is looking like it's returning to normal china is now the world's 1st major economy to report positive economic growth after the crown of however what was really really unexpected as you mentioned earlier is this drop in retail sales for the 5th straight consecutive month now this was definitely not expected and could be quite problematic for the rest of the world because as you know china is the world's largest consumer especially in the luxury goods segment so this actually could be quite problematic for every other exporter and seller and so now the major question still remains on whether or not this momentum seen in the 2nd quarter of this year will continue on into the 2nd h

at the moment now octavio and actually follow up with it because are we going to see the u.s. start to follow the same trend as china which we actually talked about seeing some economic growth you know the market has been on a tear so we start to see the fed in if we get a good 2nd quarter print and start to look at maybe bringing those interest rates up a little bit stopping. what are you seeing here. i'm seeing q.e. forever basically and i think the market has had this bounce like engine exclusively by the feds montra large s. and pumping in trillions of dollars into markets buying up every bond they could find and that money of course finds its way into the equities market quite quickly the fed is that it's the only game in town exit markets at the moment what we just heard about tesla i would say it's also pretty reflection of all this very easy money coming into the market and pushing up stock prices in fairly bizarre ways the fed i believe knows as i think the market knows a rule and as soon as the fed starts in the drool that liquid is it we're going to see some real un

of open healthy octavio morency a fabulous start with you i want to start to dig into this chrono virus relief bill that's now going to congress there are still several points of contention one of them i just mentioned was the decrease in unemployment benefits what are some of the other issues we're looking at. what i think we're basically talking about the overall scope and scale of it is a question is that one trillion was a 3 trillion over all but one big point of contention is the amount of aid to local and state governments so the democrats true to their cause want a greater amount of relief to state and local governments and republicans are being rather stingy on that front there's also a question that various things have been some snuck into this bill. might sort of reduce social security payments in the future so it's basically the unemployment benefits the size the relief checks that families are going to get and then also the aid to local and state governments those are the 3 points of contention but i think both sides want to find a solution here they both want to get stimulu

. >> octavio sigue con su labor de crear conciencia en los tijuanenses para extremar las medidas de prevención televisión? >> con esa nueva actitud de la victoria que tuvimos ayer. >> somos fuertes, luchadores. >> todo el equipo se va a sentir sólido y muy fuerte. >> bienvenidos a la lucha por el oro. >> lucha de jueves lucha por los lingotes de oro. >> por 5000 dólares. >> todos contra todos. >> la presión los empieza a agobiar. llegó la hora de la verdad. (♪ música ) (♪ música ) (♪ música ) (♪ música ) (♪ música ) >> ay dios mío muchas emociones que se viven en exatlón estados unidos que comience la batalla por el oro este domingo no te puedes perder la primera eliminación después de que regresaran todos los chicos. el que regresará será frederick que esta en una asignación especial pero seguimos con las chicas en este nuevo día captados en cámaras quiénes están? >> no hay mucha opción. >> mujeres al poder. >> lluvias torrenciales en nepal causaron inundaciones. también deslizamientos de tierra que trajeron la muerte a siete personas. quedó captado cómo un motociclista intentó cruzar una de