it was part of china. it was returned to china. and when you have a years worth of riots in the street, which are being heralded by the united states by britain, no one says any words about it, there's just kind of tough. tough isn't a terrible candidate. so you know, you, you want to put a rosy face on this thing and say that somehow these people. but is it a coincidence that to batch taiwan, hong kong sion john south trying to seize these are all areas literally surrounding china, which are being used to attack it. and this is what you have in china. china is retreating and you're getting the exact opposite of what you were aiming at by attacking it. china is in fact being more defensive and be why? because us and everybody else says that china is terrible. you cannot deny the daily drumbeat of nonsense that comes out of the press there. where is the evidence hallway? where is the evidence? i mean, all the evidence was passed by great britain, by germany, by everybody. but under pressure the united states, they all withdrew and s

largest— china have remained, china remains australia's largest trading _ china have remained, chinag partner in support of the anxiety- australia's largest trading partner in support of the anxiety for- australia's largest trading partner| in support of the anxiety for some the australian— in support of the anxiety for some the australian economy _ in support of the anxiety for some the australian economy is - in support of the anxiety for some the australian economy is so - in support of the anxiety for some . the australian economy is so heavily reliaht oh— the australian economy is so heavily reliant on china, _ the australian economy is so heavily reliant on china, but _ the australian economy is so heavily reliant on china, but as _ the australian economy is so heavily reliant on china, but as security - reliant on china, but as security is so heavily reliant _ reliant on china, but as security is so heavily reliant on _ reliant on china, but as security is so heavily reliant on the _ reliant on china, but as security is so heavily reliant on the united i so heavily reliant on

so much of western media loves to talk about china, criticize china, but very rarely do they talk to the chinese themselves. you are very notable media media figure in china and across the world. so i would like your thoughts about this new strategic alliance that is supposedly not directed against china. go ahead and basing and computer for the invitation. i'm speaking on my personal, they have my personal capacity. so don't quote me as a special spence of the chinese government. so this deal is called a kind of security, a defense cooperation among the 3 countries. but i really don't think it fits into the notion of a cooperation because a co op and a cooperation is a word that has a relatively neutral and most preferably constructive connotation. but there is nothing constructive in this deal. i would call it a secret deal of perfect the profiteering and provocation. why do i say that? it's a deal poverty of perfidy. as francis said, you know, the united states, the u. k. and australia give friends a stab in the back and they feel a deal between france and australia and gave that

it is china's internal affairs. and if you have any, you know, contains or opinions, talk about it, you do that all the time. but to say that we need a military alliance to counter china. i think that is very far as, as far as the stab trying to see at the end of the japanese occupation, it was american washer. that carried chinese soldiers to those islands, which have been traditionally part of chinese territory. when you buy the maps of the south china sea in before this house out china sea to dispute started the 9 dotted line, was there nobody was contesting these water countries. i was claiming already already laying on building on these islands. china was forced to do whatever needs to protect its, its territory. the most important thing is these disputes between china and its neighbors that it has a dispute with and we are solving these issues. the, the south dakota condo hang on to hey, everybody, you know, todd no brain, don't know. please don't tell me going to games. games now. hang on, hang on. i mean, i'

there are issues between china and the u.k., china and the u.s., china and regional countries. we have the south china sea, we have global issues with china, and what they have done to the uighurs in western china. we see chinese influence in international institutions with the who, the wto. the question is, how do we deal with china? can we do a better job shaping their rise so it is within this international rules-based order that we set up in the wake of world war ii? china seems to want to upset it and craft it in its own image. to me, what we are both saying is the challenge with china and beijing. >> i was looking recently at some speech president xi had given. this question of the multilateral institutions and rules-based international order, their thinking as they were not there when they were being set up, so why should they abide by those rules? it is so difficult. a single party state is a completely different entity than the united kingdom or the united states or our democratic allies. i sometimes take the view that economic growth in china will be accompanied by de

what would a collapse of this company mean for china and the world?his is inside story. ♪ hello and welcome to the program. fears that one of china's biggest property developers could default on its debt are rippling through global markets. the vast group has outstanding debts of more than $300 billion. building work has stopped and several investors have stopped getting paid. the company entered a 30 day grace type to make an $83 million interest payment after missing a deadline. the default of such a large company would be unprecedented for china and could send the country's outsized real estate market into freefall. it has been compared to the collapse of the lehman brothers group in the u.s., preceding the 2008 financial crisis. their financial troubles are rooted in two of huge borrowing. the company took out several loans to rapidly grow its real estate portfolio and expand into other sectors. it made millions of people homeowners in china. the project sprang up in every province. in august of last year, the chinese government imposed new borrow

in china. have the largest trading relationship in the world. china is the largest trading part. trading country in the world. australia has a tremendously important trading relationship with china. this is about business primarily, and because it's about business, the us china relationship and the australia china relationship cannot be ruptured without enormous damage to both australia in the united states. so i don't believe this is a step toward more or a step toward violence. i think that's exaggerated, i don't think it's, it's a positive development aim, but it is marylee about selling. yeah. but to use but to use your own words here. i mean, it's all about business, but this is military hardware. okay. that's. that's very, that's right. that's okay. and they didn't know what the problem is, go ahead. a solution said the problem is the war in afghanistan is ending. that was big business for american military contractors. they're looking for a new business. and right now there aren't fortun

it made millions of people homeowners in china. it's project sprang up in every province selling appointments, years before they were built. but in august of last year, the chinese government imposed new borrowing limits to crack down on debt and rain in and inflated property market. with the grown of ours pandemic pushing down sales, the heavily indebted firm began selling of assets at large discounts that further alarmed investors and since shares plunging. ah, let's introduce, i guess, in london we have garrath lever, senior economist and capital economics in beijing, vic to go check the best suited university and also vice president at the center for china and globalization. and in old orchard beach, that's a town and main of the us, adam hersh, visiting economist at the economic policy institute. very well, welcome to you all. let's start to make sense and beijing. mr. gow, how do you think this is going to play out? is ever grand destined to default? well, 1st of all, ever grants. problem right now is one of the biggest finan

has been quite hawkish on china, criticising china. _ has been quite hawkish on china, criticising chinaing china. but the uk- has been quite hawkish on china, criticising china. but the uk alsoi criticising china. but the uk also really— criticising china. but the uk also really need _ criticising china. but the uk also really need to _ criticising china. but the uk also really need to china _ criticising china. but the uk also really need to china particularlyl criticising china. but the uk also . really need to china particularly on the issue _ really need to china particularly on the issue of— really need to china particularly on the issue of climate _ really need to china particularly on the issue of climate change. - really need to china particularly on the issue of climate change. this. really need to china particularly on| the issue of climate change. this is a key— the issue of climate change. this is a key time — the issue of climate change. this is a keytime when— the issue of climate change. this is a key time when uk _ the issue of climate change. this is a key time when uk

joanna: china haswhat is the sih crypto mining in china? china has cracked down on crypto miners in recent months and many miners have actually left the country >> korea hoarding for the winter. shery: we are counting down to the start of trade in tokyo and seoul. he honda heavy -- -- they traded more than 900 billion dollars in their ipo, the fifth-largest listing in seoul last year. samsung says a report that the company is reviewing measures to separate the battery unit is not true. over in japan, another report from them this time, saying that the bank is seeking shareholder approval to reduce measures against a surprise takeover bid. need pond see planning to sell ¥500 billion -- ¥300 million in convertible bonds to raise capex and r&d. we are watching them at the open and the tokyo marathons scheduled for october 17 will be canceled this year due to the covid spread according to nhk's already being postponed. paul: the former japanese minister says she plans to run to succeed yoshihide suga. she seeks to become the country's first fem

. >> in china issues -- china issues a broad warning to ever grande. >> the covid zero policy is hurting the country's competitiveness according to china. this is the future on wall street, we are seeing u.s. futures muted. the dow is headed for three weeks of gains as well. this despite the fact that we did see some weaker jobless claim numbers. the dolly did weaken against most detent currencies. we did get some concerns of ever grande easing. a little bit of pressure here. it has really been about the global yield markets. we are talking about treasury yields. this is to the end of 2022. we did see the five year yield. that is quite sensitive to the path of monetary policy near that 2021 hi. the 10 year yield is attempting a breakout. the 30 year yield also jumping the most since the onset of the pandemic. that would be march of 2020. this rise in the long bond yields flattening in the yield curve we saw during the course of this week. it is that decline in treasuries that are part of a global bond selloff. we saw yields spiking. we saw those prospects rising, a search and inflation.

the reason for the alliance is china. >> we spoke in detail about china's de-stabling -- destabilizingities. we will remain clear i'd in our view of beijing's efforts to undermine the established international order. >> we have discussed china at a number of levels that requires us to respond and recruit -- increase resilience. that does not mean there is not constructive areas of engagement with china. >> not surprisingly, beijing condemned both the alliance and the summary deal. >> the exports of highly sensitive nuclear powered submarine technology from the united states into australia once again proves that they're are using nuclear exports as a means for geopolitical gains. it is double standard. >> in washington they were pummeled with questions about the scaredy package. >> this is about enhancing our cooperation, our work together, ultimately about enhancing security and stability in the indo pacific and it is not aimed any country. it is certainly not aimed at holding them back. >> the announcement of this new alliance could signal that the u.s. president joe biden is actively

so to those reluctant to say it's about china, it is all about china.all about resenting a democratic alternative to the countries of the indo pacific that they can do things in a different way. shery: how successfully our western countries starting to build alliances to deter china's influence in the region? peter: they have been slow. i think this has taken some years for the democracies to realize they need to organize together to present a stronger front. but we are now getting on with that and i think a strong military alliance and democracies looking at a wider agenda of cooperation, these are two very positive developments which says to the indo pacific that there is an alternative, you don't have to subordinate yourself to the priorities of the chinese calmest party. haidi: australia has suffered for sticking its neck out at the start of the pandemic in suffering the wrath of beijing. does this give them a bit more muscle in terms of having a stronger alliance within the playground and, is it worth it, given the furor over the nuclear submarine

edit has put pressure on china and its officials but when it comes down to it, china doesn't care. they are big enough and i think xi jinping has the political will and enough consolidation of power to make it happen, and that is where they are at right now. >> a lot of the activists that you speak to must be very concerned that china is getting away with whatever it wants and grandpa xi jinping is doing whatever he wants. is that a concern for them that radical voices are becoming lost? >> i think this is a fact we are already seeing over the last few years, especially after hong kong becomes one of the biggest targets for that crackdown, and the extreme level of measures that china is willing to impose on hong kong, bypassing the system that is supposed to exist under the one country, two system. those inside china who have been experiencing this heavy-handed treatment since the early 90's, they are basically pessimistic about how the outside world has any influence and leverage to lessen some of the struggles that they are facing. we are seeing different injustice being imposed.

he didn't mention china specifically. he didn't say the word china. he did mention -- he did not call out china specifically. but the message was clear. we want to really display a difference between what the u.s. is pursuing and what china is pursuing and to try to get nations around the world to take the u.s. seriously again from a -- from a foreign policy perspective. haidi: what is the rhetoric we hear when it comes to a coordinated effort in so far that we haven't seen before to get the world vaccinated? >> right. so tomorrow there will be a vaccination summit that biden will also participate in. and we have reported that the u.s. has pledged to increase the amount of veerches that it -- vaccines that it sends around the world. the shushes has sent the most amount of vaccines around the world and cystsized for vaccines that lay waste because there aren't enough people who want it in the united states. whereas there's countries around the world still clamoring for it. and so what we're expecting tomorrow to see is a real commitment by the united s

in china. economy are going to find themselves under water just as china is trying to make the transition from investment lay growth to consumption like growth. just as china is trying to launch a new campaign for common prosperity in the run up to. she's infection mentioned at the 20th party congress. there's going to be a tremendous amount of political pressure. i want to pause with. i want to see there, we will come back and talk about presentation things, push for common prosperity a little later. but before that, i'd like to come back to you to go. it's been reported that in a way this could have been foreseen. people reports that china, in essence has 2 property markets, one and major cities where prices is right. prices are rising another in smaller cities where over supply has led to downward pressure and that perhaps ever grand should have foreseen this. do you see it that way? could this have been foreseen? well, if you talk to different property developers in china, then they have so

the main reason for the alliance containing china we spoke in detail about china as the stabilizing activities in beijing efforts to course and intimidate other countries. contrary to establish rules and norms, we will remain clear eyed in our view, a beijing's efforts to undermine the established international order. we discussed the competition of china at a number of levels that requires us to respond and to increase resilience. this does not mean that there are not constructive areas for engagement with china straight. it continues to sake dialogue with china without pre conditions. not surprisingly, beijing condemned both the alliance and the submarine deals may war. war. we are the only archive her 10 to the export of highly sensitive nuclear power. sibling technology by the united states and britain to australia once again proves that they are using nuclear exports as a tool of geopolitical games on adopting double standards, which is extremely irresponsible which entities and washington journalists pummeled the ministers with questions about the security pack is check in china's effort

host: you mentioned china.any voices within the administration saying this is not about china, but a lot of the reporting says it was. i want to play some comments from the defense secretary that he made wednesday about the agreement. his perspective and then we will get yours. [video clip] >> this is not aimed at anything or anyone. the intent here is to help improve our trilateral cooperation and our cockle -- and our capabilities across the board. the first step is to focus on helping australia acquire a nuclear powered submarine capability, and we are going to work on that going forward and that's exciting and it is exciting because it will provide australia additional flexibility and capability and i think will be very beneficial to all of us going forward. but we will continue to explore many of the things that you just mentioned in terms of greater and more frequent engagement, air capabilities, more training opportunities for ground forces, and increasing our logistical footprint and australia as well.

it is a really important week for investors looking to china and people in china looking out of chinaight might be an issue. 2, 10, 30, yields shaping up as follows, down a basis point or so. 1.4148. 1.9 240 one, coming in a few basis points. look to the belly of the curve. we have some weight over the last month and that is where the delicate rate hike dance is playing out, in the belly of the yield curve. lisa: and testing peoples beliefs that the fed will able to raise not once. jonathan: that's the cross asset price action, yields aggressively higher yesterday, a little bit lower this morning on 10 and 30's. morning movers with romaine bostick. romain: stocks are moving on the china announcement. that applies primarily to domestic residents and cross -- cross-border transactions. you are seeing that on some of the u.s. listed stocks. lower in the premarket, as well as marathon digital. we had seen some -- we had seen this crackdown earlier. the crackdown on mining had taken the wind out of marathon. it kept financial groups from transacting. other restrictions placed on financial

i think if you want right on china, gambling and plans in china, what could be better? is the closing bell for this friday and for the week. green on the green. kudlow is next. ♪♪ larry: hello, welcome to kudlow, i am larry kudlow. earlier today president biden told us everything and massive spending plan is paid for. really? are you sure, mr. president? will have to dig in a bit on that. first, the size of the spending plan is not 3.5 trillion. scored by the cbo on a ten year basis, it's going to be at least four and aal

and china hit. china has engaged in diplomacy to get its way and the u.s. is criticized for having giving into that. shery: was candidate up the biggest loser in this three-year drama -- was canada the biggest loser in this three-year drama? >> absolutely. i think the one clear lesson from this is the two michaels, who were under very difficult conditions for more than 1000 days in chinese jails and will likely carry that trauma for the rest of their lives. haidi: natalie with more insight into the saga around huawei. let's turn to sophie for what she is watching in the markets. sophie: taking a look at the gmm early this monday morning we are seeing a soft start for asia with kiwi stocks slightly higher while we are seeing currencies under pressure with the dollar cap. equity futures pointing to the downside this monday morning. we are seeing moves higher for oil. goldman has boosted its year-end forecast with the supply deficit in widening more than expected. driven in part by faster demand recovery as vaccinations lead to further reopening in asia. jp mo

now, i want sugar on the south china sea, taiwan and hong kong, china. the position is clear to us and most really are colluding with each other. and for selfish geopolitical gains are smearing china, their interfering and chinese domestic affairs. as facts of proven china, not only a major engine for economic development and the region is also for stability and peace. china development represents a force for peace in the world and the regions development, katrina, you in beijing says china feel the alliance will cause error versus damage. all relations between by doing camera are in very bad shape. and analysts that i've spoken to here says that this really is the nail in the coffin, that if there was any opportunity for the relationship to improve this really close that often, we do expect the relationship to remain frosty, for at least some years to come and china's relationship with these other countries through the u. s. and the car also worsening. china has repeated its rebuke. of this security packed accused these 3 countries of harboring a cold w

china slowing from video games with the market. china holding $72 a barrel. it finished unchanged in the new york session. 312 million barrels. again the u.s. retail numbers are pretty strong. unexpectedly jumping. we had internet sales, general merchandise, furniture driving the gains but of course we are headed toward a quadruple retching -- witching with more volatility. we're talking about expirations. we could see volumes coming back september. we are seeing 1% declines for the s&p 500. traditionally not a great month for equity markets. paul: we had an interesting development in hong kong deck -- equities. tencent declining .5% but that makes its microcap 556 billion dollars. that is enough to push it out. top 10 local stopped -- global stocks. tencent ranked number 11 behind nvidia. dominated by u.s. tech stocks. that is the first time no chinese stocks in the top 10 since 2017. shery-ahn: given that alibaba fell out, is really the headlines out of china affecting everything. best scrutiny not only in the tech sector but also the prtykets. we have seen

minors were in china. and even though they've all moved out and their physical location isn't in china, the biggest mining pools are still chinese. so i think it's safe to say that no one in china is taking these bands seriously, or at least they're finding a very clever way around it. and once again, that's the beautiful thing about big coin. you can't ban it, it's peer to peer. so if you have a willing and able counter party to trade it, you don't need to go through a financial institution of payment company or any other middle man. in fact, by doing this, china is actually proving bitcoin capabilities the way it was really design and meant to be used to actually instilling better habits than people here in the us who are still reliant on the convenience of things. i coin base pay power, robin hood. yeah, maybe maybe they're going and all of those announcements about the crackdown to think that eventually people will start listening if they just get to the 20th or the 30th time around and it continues to

let's switch focus to china.dent xi jinping has said china will set up a new stock exchange in beijing to provide financing for innovative smaller companies. what do we know about this proposal? >> we have scant details so far, but it is marked to change the national equities exchange in hong kong -- sorry, beijing. a lot of these stocks will be transferred to the new exchange. we will see what the new rules are, but it is designed to add more financing for china's small enterprises, which has been a challenge, and also to reduce the debt load. a lot of these companies are financed right now. this is a play to try to solve those issues. tom: let's get the first word news. angel: japanese prime minister suga plans to resign after one year on the job, setting up a race to succeed him. his approval rating has plummeted. he plans on focusing on tackling the covid situation. >> huge energy was required to tackle the covid crisis, and i do not think i can handle running for election and managing the covid situation. i

under biden we are not taking on china, almost seen what we are becoming more like china. in love that other crack of the commission declared a public health emergency over covid vaccine disinformation. when citizens showed up to protest the vote, security showed up and treated them like this. >> first amendment rights! first amendment rights! >> what are you doing? you are violating our first amendment rights. >> the menus are shoved to the ground is also running for lieutenant governor of nevada. explain what was happening briefly in that footage. did you do anything to provoke that response? >> i asked for a badge number and name, the county commission meetings are supposed to be run by the commissioners for the people of clark county in nevada and those people have a right to ask questions and be interested in what is on the agenda at these meetings and what was on the agenda at this meeting was a proclamation basically to do away with nevada's first amendment rights and i was there to witness and oppose this proclamation and that didn't get to happen because i was att

tough words from china. . . ., i, , ., ~ china. excellent analysis, thank you so much for— china.xcellent analysis, thank you so much forjoining us _ china. excellent analysis, thank you so much forjoining us on _ china. excellent analysis, thank you so much forjoining us on newsday. | if you want more analysis on this — just go to our website, where you can read about why this pact signals an asia—pacific power shift — and the importance of the timing of the deal, too. that's on the bbc website. let's take a look at some of the stories in the headlines in the uk... the uk's roll—out of covid—i9 boosterjabs is under way. there are plans to give more than 30 million people an extra layer of protection this winter. there has been some concern about offering boosterjabs when other countries are facing supply shortages, but the british health secretary says britain is playing a full part in the global effort to make vaccines available. the british government is expected to announce on friday changes to the rules for international travel — among them could be a simpler traffic light sy

but with china, i don't have any strength. you want tiktok? china says no.want to play call of duty? china says no. you want a cake for your birthday? china says no. >> trevor: i don't think china has banned birthday cakes. >> yeah, well, i ain't baking no damn birthday cake, so your present is that you're still alive. anyway, i got to go. there's a bunch of chinese people here who think i'm oprah and i'm going to enjoy every minute of it. ( speaking chinese ) >> trevor: good luck in china. when we come back, roy wood, jr. is going to do a fashion show just for us. just for us. don't want to miss it. let's check out the hook audrey sent. ♪ and pardon when i shine ♪ ♪ hands to the sky, all mine ♪ ♪ woah, woah no ceiling woah ♪ ♪ woah good feeling woah ♪ ♪ woah, i might send it up ♪ have you tried crunching? crunching gave me resting fun face. crunching solved my tan lines and frown lines. 100% real milk chocolate and crispy rice really works. crunching solved my midlife crisis. start crunching today! there is something i want to ask you. oh um... crunching so

this is china's janai coefficient. basically, it's a measure of inequality. the closer you are to one, the more unequal society is in 2019, it stood at around 0.47. remember anything about 0.40 is considered destabilizing. and that is the one thing that the communist party fear is the most social unrest. she is concerned that the young and rural migrants to cities are being priced out of the property market and education isn't enough to improve the lot of the poorest. take a look now at this from the world economic forum. this is their social mobility tracker. we've to make to the handle of countries out of $82.00. you can see china lags behind russia, the united states, and most of europe. and here's another play on the same thing. this study by the o e c d shows how many generations it would take to climb out of the bottom 10 percent in to mean income stages. for china, you can see it's 7 generations compared to 5 for the united states. and just to at the top here, the denmark and we're trying to creating to new 1000000000 is every week the top one percent

bloomberg's stephen engle spoke yum china yum china to --spoke to yum china's joey wat. >> the firstars. we will definitely do the next 10 thousands much faster. if we look at our new store opening numbers in 2016 and 2020, we doubled the number of new stores. when the growth of the chinese economy stayed at modest growth rates, the store opening has gone up -- the new store opening number has gone up there and why ? because of agility and innovation. in the past, investment gold was 3 million plus and right now, we can do it at one million, 2 million, 3 million. it is very flexible and we just look at the location, and we have our model going to that. evergrande -- stephen: supply chain digitalization, what does that look like to you? joey: we can't go backwards. we are looking at store digitalization. but what about the supply-side, the digital linkage between a store and the supply chain? that is how we can really improve productivity of our supply chain, because we are one of the few companies that, we have our own supply chain, our own trucks, our own logistics centers. it is in

that trade in new york loss out of china -- law outside of china.ebt was domiciled debt and blood. we are buying evergrande debt and we will continue to buy it at these very low prices. the whole question is, is the price of acquisition relative to what you think recovery value is? we don't know what it is, but we are getting close to the point where we think it now makes sense for the first time. we've never about the credit until just this week. >> $.25, i'm hearing $.35. >> [laughter] >> ok, so you would be -- [overlapping voices] >> not $.30. >> i'm curious how -- the capital structure looks like it's completely reversed. it would be completely the other way around. >> yes. >> basically what you're saying is a dollar holders are going to be last in line and the recovery rates are going to be significantly lower than you would normally expect. >> completely unknown what happens in china, what happens in hong kong. this is hong kong-based. it is completely -- it is an unknown variable and what we have to watch first. >> are there other opportuniti

what is her image in china, and how has . image in china, and how has this case dented or changed thatse dented or changed that? . , , that? yeah, she is basically ro al , that? yeah, she is basically royalty. one _ that? yeah, she is basically royalty, one of _ that? yeah, she is basically royalty, one of them - that? yeah, she is basically royalty, one of them are . royalty, one of them are prominent female executives in china. herfatherwas prominent female executives in china. herfather was a member of the people's liberation army, very well—connected, her family on her mum side as well as well—connected. so, harry detention really, like, sparked off a lot of conflict between not just off a lot of conflict between notjust between canada and china, but definitely a big point of contention between the us and china, and it's not clear right now that tensions are actually going to simmer down, there continues to be a lot of tension between different countries and china is taking — they are taking up the two michael's kind of sent shock waves around the world. they talked about how a lot

we've seen china cut back on steel production but you've got the largest property development in china not paying its bills and you've got credit tightening for the other property developers so that backs up into what we need that's why we saw iron ore break below 100 friday steel's held up. that's going to come down. not just one commodity moves they all move in unison. there may be lags, but they all move so that's why you're seeing it happen look, evergrand was a little bit of cherry on top tipped the scales a little today. plus then we've got the fed on wednesday. so we've got a potential for a number of negative events. not ready to put money back in the market yet i've cut back a lot of positions in addition to selling some. i think i can get a better opportunity. >> so, shannon, there are those out today defending the market, calling it a buying tonight. cramer, for his take on it says it might be a little too early to do that you sold alibaba last thursday how to you see things today? >> well, just to be fair, i mean, we've spoken about the stock many times over the last severa

she is now on her way back to china. and the u. s. president joe biden says he takes responsibility for the harsh treatment of haitian migrants on the border with mexico. the president promised border patrol agents will pay after they were filmed using whole strains against people trying to cross over the next couple order will encourage by military victories against on groups. people are beginning to return to towns in northern mozambique, which have been ravaged by years of violence. fighters have been targeting the results rich region bit have been pushed out with help from rwanda. malcolm web has been visiting some of those recaptured towns. the people who lived here all fled in fear of beheadings abductions and rape. their towns in northern mozambique had been taken over by an armed crew called out, bab rwandan soldiers supporting mozambique government for to recapture the towns back in recent weeks. it took us to see the places they now control. nearly a 1000000 people have been displaced since the conflict began. 4 years ago

it's closer to the rich. china is the 2nd biggest economy. yeah. i believe $600000000.00 people, half the population lives on about a $150.00 a month. so do you think these efforts to tackle that will have the sort of impact that's needed? it depends on how the government do it. so there are many reports that the government will do it through poverty. i don't fully agree, property taxes, just one chill to do this. i, as i said, i expect a more progressive tax system on call protect as well as individual tax. the government can introduce wells tax, but this is not really ideal because this will actually the incentive by the people to climb the wealth leather. so i believe progressive task is enough to balance the rich and the poor more effectively. is this the end? do you think of the capitalistic spare experiment or an acknowledgment, perhaps that we can't leave everything to the market? i think this is the 2nd we it in many places that are a kind of government controls govern the policies for some of the tests asian is one of them in economic theo

on china's slowdown.achs thinks exciting over that and other global cyclical risks is looking overdone. the outlook is looking less friendly going into 22. they do see in improving outlook for japanese stocks. one play on goldman, they are looking to recommend shorting forty-year booms. the ecb wilt caper -- will taper in the next corner. kathleen: our next guest is suggesting a new playbook for central banks. joining us now is kristin forbes. previously an external member of the bank of england monetary policy committee. unofficial attendee at the recent kansas city fed economic symposium. in terms of this new playbook, got to go fast. you don't know when you need to start raising rates. there is so much focus on the jobs report tomorrow. what is the place for the fed of jobs and jobs growth in this new playbook? kristin: the traditional playbook is still very much the one that we are following. they want to see the labor market recovery. that is the big unknown right now. the fed estimates that there's

but when it comes down to what i can get this point, china doesn't really care like china is going to do which i don't want and they're big enough. and i think she didn't thing as a political will. and a political enough validation and power to be able to make it happen. and i think that that's generally where they're at right now. we mean, a lot of the activists that you speak to a lot of the people you speech in your course in your daily course of journalism must be very concerns. the china simply is getting away with whatever at once. and grandpa, she is actually basically just doing whatever he wants to do is that a concern for them that they're a voice is radical. voices dissenting voices are just becoming lost. right. i think this is already a fact that we are seeing over the last few years, especially i think, after even hong kong becomes one of the biggest target for the crackdown and the extreme level of the measures that china is willing to impose on hong kong, bypassing all the existing system that are supposed to exist under the one country to system. i think those who are