we have also heard from the people's bank of china earlier today saying they are encouraging banks andund managers to try to pass on some of these interest rate adjustments in order to make policies that would support both the economy as well as consumer growth.— both the economy as well as consumer growth. let's continue our coverage of the paris motor show. the big story over the past week has been the growing rivalry between european and chinese carmakers.but one european group seems to have decided ? if you can't beat them, join them. stellantis has invested heavily in the chinese ev startup leap—motor. and the two companies have established a joint venture, led by stellantis, for selling leapmotor cars around the world. the bbc�*s theo leggett, spoke to the boss of leapmotor international and asked him what's behind this partnership. we are positioning ourselves as a pure ev brand with technology developed by our chinese founder. it's a clean, electrified mobility solution offering to our customers in addition to our 1a traditional iconic brands. traditional iconic brands stellant

in the last 20 minutes we have been hearing from the people's bank of china, the central bank there, they have been meeting with financial institutions, banks, mortgage brokers, fund managers, and they say they have been urging financial institutions to boost credit support for the economy as well as passing on interest rate adjustments that have been flagged in the last week. so we have seen of course a raft of stimulus measures announced in beijing when it comes to lowering key interest rates, when it comes to fiscal stimulus and when it comes as well to issuing close to $1 trillion of bonds. all attempting to prop up the world's second largest economy which has been flailing as of late, and the post—pandemic recovery has been something people have really seen as being lacking, so a lot of things really to look at particularly when it comes into next year, and those figures out in half an hour.- out in half an hour. look forward _ out in half an hour. look forward to _ out in half an hour. look forward to checking - out in half an hour. look forward to checking in i out in half an

and so i'm doing the shopping and how kind of the bank of china delivered to natalie holiday gift at the end of last month. stimulus measures including funding and interest rate cuts to boost business and consumer spending. time these markets reacted positively in the days leading up to october. the 1st they rose 20 percent, the biggest jump in 16 years. but long term concerns remain regarding the slow down to become a growth of filtering real estate market. debts more than 7 trillion dollars. changing, follow the road ahead will not be smooth, and they will definitely be difficulties and obstacles. and we may, you can contact me to test. she has such as high winds and the rockies, the stormy waves, all along. of some of those waves of already hit the renewal of trade tear of some products like chinese electric vehicles by the united states and other major trading blogs, points to slowing exports and bullish talk about relying on domestic strings may not be enough. the great will was built to keep china protected from the outside world. today, however, china is a fundamental part of t

in terms of whether china can hit that around 5% target for the year, the supports that have been announced already, and that includes supports from the people's bankf china in the backend of september, probably at around 0.1 percentage points to growth this year. so, for that, to us, that puts it in the ballpark of hitting that target. we also expect next year to look be better. clearly, officials are looking to support the economy more going forward. it is coming in dribs and drabs but it should make 2025 look better as well. it seems the government is signalling its intention but not going to march into the detail, which is frustrating for you, i would imagine. there are probably to make key aspects for that. the first as they do not want to be reactive to what markets are saying and want to take it in a methodical approach or also, what is going to happen in november with the us election certainly something that officials are watching in china, if we do see the former president trump returned to the white house, he has flagged some pretty significant tariffs on chinese exports. what us imports from china. if we do see that we will see officials

vulnerabilities in state-owned asset management companies which are mopping up some of the distressed assets in china. >> some of the largest bankse world are china and have fairly high capital and fairly low number of loans. it's really the small and regiol banks we see to the local governments. as i said earlier, the government has started to consolidate some of the banks, has deployed these companies in order to collect some of the normal performing assets and that is very welcome and stabilizing the financial system. >> is that simply moving the deck chairs around if you move one deck to one vehicle to another? >> to the extent they are losses, the question is how do you absorb those losses? as a management company, they are being used for many decades around the world in order to absorb those losses and that is what is being done here. mergers also being used so the key is to get back to well capitalized banking system that is resilient to shocks and that can support the economy by lending activity. >> let's turn our attention back to the u.s. elections. we are less than two weeks away. a quick reminder here. despite polling

and so i'm doing the shopping and how kind of the bank of china delivered to natalie holiday gift at the end of last month. stimulus measures including funding and interest rate cuts to boost business and consumer spending. time is markets reacted positively in the days leading up to october. the 1st they rose 20 percent, the biggest jump in 16 years. but long term concerns remain regarding the slow down to become a growth of filtering real estate market. debts more than 7 trillion dollars changing follow the road ahead will not be smooth, and they will definitely be difficulties and obstacles. and we may encounter and late to test here, such as high winds and the rockies. the stormy waves all along to some of those waves civil already hit the renewal of trade tear of some products like chinese electric vehicles by the united states and other major trading blocks, points to slowing exports and bullish talk about relying on domestic strength may not be enough, the great will was built to keep china protected from the outside world. today, however, china is a fundamental part of the glo

so i'm doing the shopping and how kind of it's under the bank of china delivered to natalie holiday gift at the end of last month. stimulus measures including funding and interest rate cuts.

in terms of if china can hit that around 5% target for the year, the supports announced already and that includes the supports from the people's bankchina and the back end of september probably at around back end of september probably ataround 0.i% back end of september probably at around 0.1% to growth this year, so for us that puts it within the ballpark of hitting the target but also we expect next year to look a little better. officials are looking to support the economy more going forward, it is coming in droves and robes but should make 2025 look better. the government _ make 2025 look better. the government signalling his —— its intention but not going into the detail. frustrating but white? _ into the detail. frustrating but white? probably - into the detail. frustrating but white? probably two i into the detail. frustrating l but white? probably two key aspects. they don't want to be reactive to what markets are saying and want to take this in a methodical way. ithink saying and want to take this in a methodical way. i think also what will happen in november with the us election is certainly something that officials are wa

and so i'm doing the shopping and how kind of the bank of china delivered to natalie holiday gift at the end of last month. stimulus measures including funding and interest rate cuts to boost business and consumer spending. china is markets reacted positively in the days leading up to october. the 1st they rose 20 percent, the biggest jump in 16 years. but long term concerns remain regarding the slow down to be can on the growth of filtering real estate market. debts more than 7 trillion dollars changing follow the road ahead will not be smooth, and they will definitely be difficulties and obstacles. and we may, you can contact me to test. she has such as high winds and the rockies, the stormy waves on to some of those waves civil already hit the renewal of trade tear of some products like chinese electric vehicles by the united states and other major trading blocks, points to slowing exports and bullish talk about relying on domestic strength may not be enough. the great will was built to keep china protected from the outside world. today, however, china is a fundamental part of the

of our efforts to build an economic relationship with china. the financial working group we launched and cochairs with the people's bank of china is enabling regular and durable communication. last month we exchanged letters with the pb oc that strengthen information sharing and will make it easier to coordinate in times of financial stress. i will end here today having i hope even some indication of the breadth and depth of our recent and ongoing efforts. work to build and maintain a resilient financial system is never over. we will never be able to just declare victory. successes can be hard to fully appreciate because they often entail having avoided counterfactual. but that doesn't make them any less significant. we saw this two decades ago, how a financial crisis can turn the lives of millions of americans upside down. we saw only a year and half ago that a government who keeps its eye on the ball can protect american businesses and households from financial contagion and its impacts. i could not believe more strongly that we must keep at it. a resilient financial system is critical to a strong economy and strengthening it requires insisting

paragraphs about how, if a person, i want, i want it no matter what, i want it like the central bank of chinayes, i want to buy myself an ingot, two there or something else, here's the best way to do it, what is it, it's an ingot, what are the methods, metal ones, let's go into a little more detail, in this case it is better to merge, because in bars, well, if it is not such a super-jewelry, we left it. but you can store it, of course, in a bank, in a cell, but for the cell you understand that you have to pay, that is, these are not even dividends, on the contrary, and this is the opposite, this is a deduction, but you hope that the price of gold will outpace the cost of what and most importantly, that the bank will not steal even from the cell, that's it, and we commented somewhere two or three years ago, there were no limits to the comments, so to speak, that one was robbed of one bank cell, at the other. the other there is something else, despite the two keys, despite all the beepers, flashing lights and other armored doors, well, these 95 tons and even the previous ones are 15 times as mu

in my opinion, what is happening now, this growth, this is the central bank of china, which has on itsalance sheet about 1 trillion dollars invested in us treasuries, federal government bonds of the us government, which, seeing what is happening in general with the sovereign. now yes, it is absolutely fair, because the gold and foreign exchange reserves of any central bank consist of, well, roughly speaking, two components: the first component is the metal gold itself, the second is an investment in currency in securities and so on and so forth, since this is the second component, it is very volatile, so to speak, because of sanctions, because of the dollar and because of its fate there, although the dollar will still exist for quite a long time, that's when equilibrium will come there. our dear women will come out again, that means they, the market will depend, after all, this fluctuation is on them, well , what about them, they mean, here we have more women, women buy more, fingers, the number of fingers on hands and feet does not increase, well, some use ears and nose, excuse me, bu

in the last 20 minutes we have been hearing from the people's bank of china, the central bank there,nancial institutions to boost credit support for the

, the people's bank of china the way they did the bank of japanand now their rally seems to have stalled. do you think they need more stimulus to the get it going again? >> my own personal opinion is i think china's in a world of hurt that's not going to let up. i think they created this rally with massive stimulus from the pboc, but i don't think it's going to the persist. and then i think they're back to the their problems. the one-baby policy's come home to roost. the use of debt for decades is now an overhang coming home to roost. they're bad economic players with everyone else in the world. they steal others' innovations. i think people have diversified away because of the pandemic, getting other supply sources. i think china's the big loser and will continue to be it for a while. charles: yeah, yeah. i agree, that's why maybe they'll get more stimulus, we'll see. >> they might. charles: jim, always a pleasure. appreciate it, thanks. >> you bet. >> [inaudible] ♪ happy birthday to you ♪ happy birthday, mr. president do -- ♪ happy birthday to y

foundation, the caea, the mazda them comes as it stuff, markets have sold for over the week of the china central bank, announce some of the boldest measures and is aimed at surviving the world's 2nd largest economy, including the cops and interest rates, just oil change of the human fall point. i take the opportunity to announce the following policies. first, reduce the reserve requirement ratio and the policy interest rate drive the market benchmark, interest rate downward 2nd, we will lower the interest rate on existing mortgages and unify the minimum down payment ratio for mortgages. yeah, 3rd, great new monetary policy tools to support the stable development of the stock market. right, to the new meshes that in particular, the, as revive and the sector that slows china as a company from the co would 19 pandemic. the property sector has been aiming for years after the government crackdown on excessive borrowing for projects. the pro long slums affected other parts of the economy from construction to sales of home appliances. and the say, the mortgage rate cops, roubles, consumers, sentiment, and p

of the gains. were seeing higher volu it investors mulling china's promise of more support for the property sec also government borrowing to boost the economy, banks, property plays are pla csi index up .3 of 1%. w noting, china's enched deflationary problems. export growth probably slowed, imports valued above zero. we are tracking the yuan, the fixing within one pip of estimates. yen, 149 point 41, inching to the 150 mark. the anticipated finance ministry briefing lacked firepower equity investors had hoped for. beijing is promising more in for the slumping property sector and indebted local governments, but economists are unconvinced it is enough to defeat inflation. for more let's bring in our china correspondent minmin low. pretty much disappointment. >> yeah, i think the big disappointment was we did not get the big magic number, but i have to say that to trillion yuan -- 2 trillion yuan is still on the table, because that he attaches to the budget has to be approved by china's legislature, so we may share that later in the mont when the npc standing committee meets, bt eanwhile the ministry of finance has given us as of measures that they p

would you be looking for in order to try and turn these futures around 7 one of the big issues is the banking system is huge in china, it is loaded with bad debts. it's been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. —— system. instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. the government can hold this bad debt, these bad property investments for a very long time but the banks need to have a better capital base to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects with a 1% return on assets. you need to get them to finance the productive sectors of the economy — the tech segments, the innovation segment, private enterprise which i know is politically hard to do but it's the only way to get china to avoid a lost decade. thisjust in — boeing says it has withdrawn its

i think investorsi have long perceived hsbc, certainly outside of china, is an asian bank thatjust happenslondon. and i think hsbc has tried to say that it is more of a collection of pieces around the world, but i think with what they are trying to tempt us to show that all the parts of hsbc are in a sense paying for themselves, providing a return and trying to make that more visible. and the share price reaction this morning, clearly investors want to see a result, so i think there's a lot there. ultimately, i think this will lead to hsbc further slimming down, if you will, getting rid of businesses that don't provide the correct return on capital and don't fit their long—term strategy. capital and don't fit their long-term strategy. they have described it _ long-term strategy. they have described it as _ long-term strategy. they have described it as a _ long-term strategy. they have described it as a way _ long-term strategy. they have described it as a way of - long-term strategy. they have | described it as a way of making the bank simpler, more agile, the bank simpler, more agile, the

of growth since early 2023. the country's economy is still being held back by a property recession and weak consumption. china's central bankaders of the financial sector to urge them to do more to support capital markets. let's cross live now to duncan wrigley, chief china+ economist at pantheon macroeconomics. thank you forjoining us. we have been talking about the sluggish growth in china. we have seen stimulus injected into the economy. what do you think will happen next, will that be a continualjourney of government intervention? yes, absolutely- _ government intervention? yes, absolutely. we _ government intervention? yes, absolutely. we have _ government intervention? yes, absolutely. we have seen - government intervention? yes, absolutely. we have seen a - absolutely. we have seen a slight signs in the september data of some of the earlier stimulus. the government really launched a big increase in debt issuance since august and that started to creep in to slightly faster investment in september and what we have heard recently, following the chinese stock market, signs of more stimulus picking up. mainly the central

china story because the headlines are also the finance minister. this is the piece of the puzzle investors have been waiting for on china. we've had the monetary policy, we had the central bankion. what's come through for the fiscal support for the economy. the ministry of finance will be giving a briefing on saturday in beijing and there will be a lot of scrutiny with the briefing at to what extent they come through for additional fiscal measures. there's a market reaction. they heavy losses we stop -- saw at the start of the session, the csi 300, they have paired those losses. still down 3.6% on the csi 300. the commodities read across is pronounced brent up. iron ore rallying on expectations that if you get more fiscal support, that will create greater demand for iron ore. up 2.4%. look at the miners, basic resources at the open 8:00 a.m. u.k. time copper getting a lift up. let's flip the board and have a look at futures as well. this is tying into the futures story. pretty much in negative territory in terms of european futures. those potential losses are paired. european futures are flat. ftse 100 futures pointing to gains. you can expect the minors in basic resources t

of growth since early 2023. the country's economy is still being held back by a property recession and weak consumption. china's central bank has been holding meetings today with leaders of the financial sector to urge them to do more to support capital markets. in recent weeks beijing has announced a raft of interventions, all aimed at supporting the property market and encouraging people to spend money. let's speak now to rory green, who is chief china economist at global data ts lombard. thank you forjoining us we have talked about the stimulus the government has announced, has not taken any effect? the im act has not taken any effect? the impact so _ has not taken any effect? the impact so far— has not taken any effect? the impact so far is _ has not taken any effect? tue: impact so far is mainly has not taken any effect? tte: impact so far is mainly on sentiment. onshore traders are describing this change in sentiment is going straight from the hospital deathbed too straight to the nightclub in terms of mood. in terms of pay through to the real economy there has been a bit of an uptick, slightly better spending data, b

of lithium is china. and if i have tens of billions of dollars being poured into the banking system in china and that's, yout's not nothing for their economy, the price of lithium is at, just above 7,000 right now. it's skidding along a bottom. it has been at 11,000, 12,000 in the last couple years. if china gets some momentum -- and this stimulus is a new thing for china for the last few weeks here. we haven't seen any of it flow through. i look for the price of lithium go up a lot. revenue for albemarle will go up even more than the price, and they get a lot of leverage to the bottom line. stuart: jacob, thanks for joining us. the market is about to open. we say it every day, minute's going to jump or forward and press a button. that will mean the market is open. watch him press that button, please, do it now. thank you. the market is open. the dow has opened with a loss. you're down about 80, 90 points. i'm pretty sure that a good deal of that loss is unitedhealth, which we will get to shortly. right now we've got the dow down about 80 points. but a preponderance of green among the dow 30. pretty widespr

china. this stimulus package is, of course, a positive. but our economist in china, our strategist at bank of america and other colleagues, we seem to all have the same view, the fundamental economic challenges faced by chinese economy are not resolved by these stimulus measures. you don't have a robust consumer base, and you're exporting, that's not been the kind of recipe for incredible dynamism for chinese equities. chinese bonds hit an all-time record low. the government was -- policymakers were stressed out about this. you can interpret some of this stimuluses a an effort to divert slows of capital from deflation toward the stock market, and we don't have the view that this is the kind of fiscal bazooka that would give you multiquarter sustained economic growth beyond the trend level. >> are you in it anywhere for a trade or are you really on the sidelines here? >> i appreciate the comments from dominic earlier. when you have markets that are liquid or you don't have the transparency and data, accounting data, et cetera, that investors in the united states might be used to, i think it

but for all we, for our health, for china, of cause we, uh, we also have to save that to those uh, forwarding companies has made it and pointed to contribution to the bank from adult charges technology. china has no intention of a political driving, the commercial eagles between china and the got it takes. we hold the data more and more forwarding company. it could state in china, but then directly would be some off uh network security and the information of supervision will not be relaxed. and any of the piece off wrapping national security must be ruled out by one by law. as far as the impact on intel was reported, the company made more than a quarter of its $54000000000.00 revenue from china last year. so how do you think this unfolding situation is likely to affect the intel uh, in the chinese market, as well as worldwide? yeah, as i said, that's a nowadays china, where's the entail lodges to oversee market the world? and the certainty does not want to lose these market. and even the use of china has been all note, the inter, a has been questioned about natural work secuity. and in the past, at 10 miles, inter a stock market has followed a by about

with the fed easing, a lot of central banks easing, i think china has a longer term oversupply of housing issues and structural issues. they want to ease, not going to fire their bullets at once. i think you'll see a cyclical china recovery. the moves are harder to figure out which each piece means. obviously china watching, they're on the ball, they're not going to do it all at once, and they're going to get tail winds from the fed and other central banks. >> fit's going to help gdp on te margin. what are you doing in terms of overall positioning right now? the fact that after they cut rates, the long end moved higher. >> i have been in the view that rates have found their bottom, they're ahead of where they should be. if the curve is going to end at 150 or 200 basis points as per normal and neutral is somewhere between 3 and 4, it's hard to rally them more. moving credit spread. we backed up a quick 30 basis points, and credit spreads, there's demand for fixed income. there's demand for risk. that is good for the fed. it means they can ease a bit more slowly. i think you'll see tighter

of chinese banks have affected russian marketplaces. as the kommersant newspaper writes, by the end of august this year, in the settlements of sellers with marketplaces, china's decreased from last year's 68 to the current 51%. this was shown. research module bank and the center for development and support of entrepreneurship prowebers. the authors note: chinese banks have begun to check payments from russia longer, fearing secondary western sanctions. according to market participants, at first such restrictions concerned chinese goods that require us licenses, such as electronics. but now entrepreneurs are having problems even paying for clothing products. the study by modulbank and pro wailberries notes that against the backdrop of problems with payments through chinese banks, sellers on... channel, that's all for me, thanks for being there with us, see you soon, when the weather changes , joints are bothered, revmoflex helps reduce joint pain without damaging the stomach, uric acid levels, revmoflex evalar, when the weather changes, joints are bothered, take revmoflex, it helps reduce joint pain without damaging the stomach, lower uric acid levels (remofle

major overhaul of the bank's structure — splitting geographically into eastern and western markets amid a backdrop of rising international tensions — particularly trade tensions between china

of this gold move, which has been phenomenal. lisa: it draws into question the structural shift as banks look to allocate more in gold and look at that addition of dental individuals in chinafidence of investing in home prices. lisa: he talked about it being not just an inflation hedge or geopolitics, but banks around the world are starting to purchase more gold with sanctions, they are looking at other ways to d hedge against the dollar. which is why you have seen this uptick. potentially, this is why you have seen one way you could go, higher. jonathan: under surveillance this morning, the latest out of china with banks cutting the benchmark rates, their latest measure to help in the housing market slump. the size of markets beating expectations within the forecast range. lisa: it's about how much remains this year versus next year with an understanding on the outcome of the election, but the other understanding is what is the ultimate goal of chinese authorities? is it to support housing prices? to put a floor beneath how much the economy can deteriorate? what does it say about how slow the economy has gotten? that's what people are trying to put their arms around with

bank of america, citigroup, and mary daly. wednesday, my interview with stanley druckenmiller. and more with morgan stanley as well. thursday, ecb rate decision with a double dose of jobless claims. building permits in chinap, that's friday. thank earnings come bank stocks have been on a tear since the jp morgan results. investment banks are writing higher on promising results from the biggest of the investment banks out today. we will get a better read on the consumer from bank of america and citigroup. those large credit card businesses. let's see if we can keep it going with less rate cuts than expected. after the first, this is the first set of results. from new york, that does it for me. same time, same place next week. this was "bloomberg real yield," this is bloomberg. ♪ it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do

some of the banks have been encouraged by what we've got. goldman sachs gdp growth forecast for chinahis year is 4.9%. we also have ubs upgrading its full-year forecast to 4.8%. now, this is all in the realm of the around 5% that the government is punching forward. remember, they have given themselves some flexibility with that range and language. now, how do the markets react this morning? well, it was a bit of a lackluster start to the session to kickoff things as we got the lpi decision, but they found their footing throughout the morning session ending at the lunch break on the positive note fueled by the positive steps we have been taking. the next thing to watch will be the npc meeting at the end of the month for any sign, any approval and green light from the laegislature of that packag will look like. sam vadas, cnbc business news. >> to discuss this is the founder and cio at genevie. good morning. i would like to get your thoughts, really on these latest announcements from china. it is true that the changes we got this morning to the lpr rate were already indicated by authori

of a soft landing. my first guest says be careful what you ask for when it comes to the fed easing or even china's recent action with their central bank. i want to bring in amanda -- [inaudible] it does seem kind of perverse that markets are cheering emergency actions by central banks, but the other option is to sort of stand the on the sidelines and thing it is are working out well. >> well, it's so nice to be with you. thanks so much for having me. e you know, i always describe the market as a little bit like a kid in a candy store craving the sugar high from policy accommodation. and so, of course, kids don't know what's good for them, and neither does this market. so the market's been craving policy accommodation, aka rate cuts, for the better part of the last year to 18 months, really ever since powell kind of signaled a pause if not a pivot. and is we finally did get it here in september, but the be careful what you wish for moment is, you know, central banks tend to be notoriously behind the curve. we're not a believer that we're going to end up in a hard landing scenario here, but it's the not entirely clear or inevitable that

once again confirmed the high level of our education, having won victories in ireland, serbia, china, uzbekistan, kazakhstan, russia and other countries. in the piggy bankldren have 56 awards. sergey ladosev tried to unravel the formulas of success. bukhara is a city of a thousand and one histories and one of them is the first international avicenna biology olympiad, 100 participants from eighteen countries of the world, among them and belarus. the team consists of four people and all winners, one gold three bronze medals. one of them belongs to a graduate of the capital's gymnasium number 18 and a current student. since the sixth grade , every year the love for her only grew stronger, because this subject is a favorite in the family, parents are brothers, so the girl decided to continue the family line entered the dentist. the olympiad for her became one of the most memorable stories added to the piggy bank of the best moments of life. well, my international olympiad, to which i went straight, well it's an unforgettable feeling. i flew on a plane for the first time, i saw another country, a very warm atmosphere, we were very warmly received, there was

major overhaul of the bank's structure — splitting geographically into eastern and western markets amid a backdrop of rising international tensions — particularly trade tensions between chinahis, all part of plans from the new boss — georges elhedery — to simplify operations and cut costs at the 159—year—old bank. the changes are due to take effect next year. hsbc shares are listed both in london and hong kong. trading in hong kong, shares are up nearly 2.5% on this latest earnings report. michael makdad is senior equity analyst at investors morningstar. hello to you. this news is good for the ceo, what he wanted to deliver, betterthan for the ceo, what he wanted to deliver, better than expected results. , ., results. yes. the new ceo and also the new — results. yes. the new ceo and also the new cfo, _ results. yes. the new ceo and also the new cfo, continuity i also the new cfo, continuity from the previous ceo, the new ceo had been the cfo so in some senses we can see it is continuing the good results that the previous ceo had delivered and of course it is nice to see another solid quarter but i think the focus will be on, now that georges elhedery is ceo, what more sign

banking and finance executives whose job is risk management were in some ways even more hawkish than some of the military participants thinking about creative strategies where they could move capital out of china back to taiwan starting to think about what would happen if taiwanese executives particularly banks were detained or arrested by chinese authorities which is certainly not outside the realm of possibility and is already occurring in other sectors . and already had a strong sense of banking and finance sector officials were almost light years ahead of some of the planning being done even in us financial sector about the risks and i think that was heartening to see . but ultimately at the end of the day and i always defer to them because they are the subject matter experts on that what their risk exposure is, a lot of them felt that they could take some really reasonable steps in the short and long-term to protect themselves without having some sort of a full decoupling area didn't use the term decoupling, we just talkedabout risk management which is a reality of the geopolitical environment . >> to go to the us side of this equation mark and then you were involved in playing the us sid

bank of england looking to be more aggressive. all of those factors on central bank in the market picture. plus you have everything happening with chinaith the stimulus story which is one to focus on across the market picture to see whether that decline continues. here are the better performers. i say better because they are all still in the red across the market as you can tell. so this market going down. ftse 100 is 1.2% weaker. a lot of those being some of those mining stocks which have taken a bit of a hit. angelo american and bhp taking a 5% hit so early this morning so far. even the cac 40 going down on the back of that conversation then out of china where they are looking to raise prices of eu brandy in china. here are your better performers today when it comes to the sectors. real estate and utilities managing to find uptick and so, too, telecoms finding gain. media dipping below the flat line and the question mark of where you find gains. where does this market lup leadership come from today with the red? sp speaking of the red, here is the red. basic resources is 4.6% down. i noted that is a significant one across here from

of growth since early 2023. the country's economy is still being held back by a property recession and weak consumption. china's central bankdo more to support capital markets. in recent weeks beijing has announced a raft of interventions, all aimed at supporting the property market and encouraging people to spend money. let's speak now to rory green, who is chief china economist at global data ts lombard. thank you forjoining us we have talked about the stimulus the government has announced, has not taken any effect? the im act

of exposure to china. shein is adding more banks to arrange its potential listing in london.arclays and ubs have been picked as book runners for the online fashion retailer's ipo. the listing could happen as soon as early next year. valuing the company at around $65 billion. it started in china, it is now singapore-based and headquarters, but originally his origins were in china. we have data out of the u.k. on the inflation story. 7:00 p.m. u.k. time, it is the cpi print, corn asian expected -- core inflation expected to edge lower, we are expected to see a print of 3.4% on a year on year basis, down from 3.6%, will that cement that cut being priced in by the markets from the boe in november? data we will break for you live at 7:00 a.m. u.k. time. on the earnings front, decent numbers from goldman sachs and bank of america yesterday. the focus switching to morgan stanley. 12:30 p.m. u.k. time today. will morgan stanley repeat the beads from the likes of jp morgan and goldman? will it be a similar story when it comes to the investment banking and trading parts of the business

of master's plates for 899 rubles. megamarket, you don't dreamed how quickly we deliver money to different cities so that they can withdraw it. t-bank, it is the only one. russia and chinate the seventy-fifth anniversary of diplomatic relations. congratulating the chairman of the prc xidzenping. vladimir putin, in particular , emphasized that the ussr recognized the prc first in the world and quickly began to develop cooperation. since then, mutually beneficial relations between the two countries have successfully passed the test of time and are now at the highest level in history. the president noted that moscow and beijing are developing partnership in trade, economics and politics, as well as in the scientific and technical direction. in addition, the state effectively interacts on the world stage, strives to build a fair multipolar world. vladimir putin expressed confidence that russia and china will continue to strengthen strategic cooperation. the indicators for the main products in the sphere of domestic agriculture have been met this year, russia has entered the top four largest world meat producers. this was stated by mikhail mishustin at a meeting with. there

stimulus, but i think this is a bigger story because this is more than just the last five days of china's fiscal bankbaa zook bazooka. this is an exv market that's been on a tear. we heard from stellantis saying how much competition from china is really pressuring and hurting them. so, again, this just shows the massive enthusiasm around china evs, and they are cheap, and you are, again, expecting some of the tesla deliveries that we'll get tomorrow. we'll have to see if this ev demand is really real and here to stay. stuart: chip maker, i've never heard of this company, they filed for an epo. i've never heard of them -- ipo. are they going to take the on nvidia? >> they want to say that they will, but it's a long shot, and there is a reason why you haven't heard of them. in the first that half of this year, they only pulled in $136 million in sales. the bottom line, they lost $67 million. so they're not profitable. the losses are widening, and year-over-year sales jumped, you know, maybe 10 100%, but still with only $167 million in the first half of the year, tiny compared to nvidia. hey, look, this

as move again this i me to cut this is a drug that she's millions of china and i've found them in general unable as my bank is it still it is. it's a powerful pain killer with fee for reducing overseas of p buzzing microsoft. and it helps a lot of people in germany every day lament, and deutschland few. and we need to be clear about that. this was my gums class on your own device. and i was also relieved to because i knew the night my was finally over the kitchen and if i just the void with thomasville, a white house, there's a problem or gotten rid of me for many of them and then varies. were kind of mix my home. and that's exactly what's happened since the diagnosis, christiane, cause a hasn't taken my time, is all on the house on how to read ops, because levin has almost fully recovered. finally, he has his life back. so take good care of your liver and it'll take care of you if you have any questions. just write to us. otherwise, see you next time in good shape. the coffee with the future with how does it taste more and more farmers off huntington new riots, even cultivation method. because climate cha