meanwhile elliott advisers has commented publicly on the bid for altran saying it does not reflect the intrinsic value and insists that the price is too low. elliott has urged the french company shareholders to examine all the details before they accept the offer altran stock is trading up about 0.2% >>> lufthansa is ready to sell its catering operations to a swiss airline catering firm. the german airline says in a statement the sale would allow to focus on its core business as the carrier market grows increasingly competitive they have not disclosed the gnks fchks detai financial details but the german trade union says that they may have strike action if they are not protected. >>> and the wealth fund has reported that officials from the oil giants met with the abu dhabi investment authority and other investors this week. it is intended to raise funds for a listing scheduled around the 11th of december >>> and retail subscriptions have now exceeded $7.2 billion so worth pointing out that they need to raise about $25 billion plus, so that $7.2 billion isn't quite enough >> meanwhile c

we will certainly be covering capgemini and more importantly, altran.k to our conversation on the macro picture. let me ask you about the latest data from china. industrial profits, the biggest drop on record for china's industrial profits, certainly .2 to a continuation of the slowing of the chinese economy -- certainly pointing to a continuation of the slowing of the chinese economy. >> i think it is emphasizing how drastic the slow down this year in china has been and what a change over the story we have seen in china over the past two years. it is now perfectly acknowledged by everyone that of course we will see below 6% growth for the foreseeable future in china. that was something not seen as possible only a few months ago. it does emphasize the slowdown has been quite severe in china. it is not too bad news for asset prices. equity markets are forward-looking, or should theoretically be forward-looking. i think they are looking at that optimism around the trade deal and the fact that the pboc continues to try to support asset prices gently at the