for more, let's bring in bill with co-host chrystia. chrystia. good to see you and let's talk about the asian markets. bouncing and back and monday, session, another after these 15 economies in the region signed this alliance. why is this such a big deal? well, this is not a pretty big step for china, especially as it's basically in the world's largest trade alliance right now in this region comprehensive economic partnership where our c.e.o. is now the largest trade, while it's a deal that specifically the u.s. . so the entire goal of the r.c.p. is to balazs some of the 92 percent of trade goods terrorists, which would then the least of which would then deepen as i can get so as a result and automakers today, those names are soaring, we japanese almost being the base and so you have nissan mazda and that's a b. . she's an ongoing and i've presented a and also high tech such an alternate. so this deal comes after 8 years of negotiations. other countries are hoping that together this will help you know, recovery from the shock of a run american. s

this time around, boom, bust co-host and crypto optimist, chrystia michelle bernard of the market group. thank you both for joining us. thank you. and chinese telecom giant huawei is reportedly selling its budget brand smartphone unit honor's sources. familiar with the matter, told reuters the unit will be sold to the shenzhen government, digital china, and others. the $15000000000.00. all cash sale will include almost all assets, including brand, brand research and development capabilities, and supply chain management. now this comes as u.s. restrictions against weiwei have forced the company to focus on high end handsets and corporate oriented business. main under distributor digital china group will hold nearly a 15 percent stake of honor terminal, which was incorporated in april and is currently fully owned by wa wait. digital china shares hit their maximum upper trading limit of 10 percent on the news. the sources said an announcement could come as soon as sunday. meanwhile, china has launched the 1st experimental 6 g. satellite in a plan to roll out the next generation of ultra fa

and chrystia, i want to turn to the other big commodity gold that gold futures declined and are hovering around its 3 month low. what are you seeing there? well, this internal meters just spend a risk on trade. everyone is fishing for deep value stocks like that. being that energy in the bank, the travel region, basically, i mean a cold, it now has a fighting chance to recover. now that there's american maxine on the horizon, but on the flip side of that means all the safe haven assets are now getting sold, including goal. so gold is now dealing with a couple of headwinds. it's up against a stronger us dollar. bond yield and rising stock markets and us in the us there continue to provide support for the dollar, which in turn is keeping people prices under pressure even so it's still trading above the very critical support area. so a lot. meanwhile, the stronger dollar it can make you madi price in the currency of less attractive to overseas. i x. and rising, you know, it was undercut the relative value of so at least in a number is this optimism about the recovery. now that's driving the

and since coronavirus is now back of headlines, all political uncertainty has now reached the back chrystia as a follow up to that we have, we just heard, sire talk about the general population is going to see a vaccine until likely april may, and that's just the start of that vaccination process for of the united states. we're talking about what 350000000 people 1000000 people. so if this all just going to eventually drop out or can these markets sustain these record high and continue to go up? i think it'll be difficult for the markets to actually sustain this because the markets are always looking. so they look forward to as president, is a quarter out who carries out the banks that end of this ramesh. how right can happen now and maybe next year. so there could be delays, it could be transition period, it could be we're just simply not refusing to take a backseat. so a lot can happen between now and then. but right now as the current projections, people are pricing in one where she wears out. the gentleman seen actually now, but i can just go ahead and you can, i just say about that 2 t

well and chrystia you mentioned it might as well be a lot of benefits are being lost that actually on december 26th, a lot of these benefits are expiring, correct? correct? yes. and so basically this unemployment level going into year and we're going to see significant increases in unemployment. we're going to see not instead of consumption levels this holiday season, we're probably going to be going into the worst holiday season, which also means less for hurst, less deliveries over workers in the country's highest earning industries. they are seeing a quicker job recovery. it's only a 2.5 percent point higher than they were prepared that mike levels while the bottom earning industries that really remain unemployed and struggling, even though they represent only 24 percent of the workforce. now those include retail, leisure, and hospitality, and agricultural. these are the non durable goods at the bottom earning, and then you have the others that are financed durable goods and professional and business services. is this a sign, the american people or the american people are now more

and surged on wednesday for the 3rd straight day to explain this let's go to bill that's co-host chrystia and see you know of openness to having them around the ottavio we still don't have a clear winner we just heard ben break all the numbers down at the market is rallying the nasdaq up over 4 percent today what's driving this and is this all optimism really pretty premature. well it's quite a remarkable turn of events with this kind of contested election we were seeing a lot more volatility in the markets and our pressure and tech stocks are disappearing through the roof i think what's happening there is that basically there was sort of agreement amongst democrats and republicans that there was a need to regulate big tech more and do something about is one of the few points of agreement between democrats republicans because there was not agreement on how you should regulate what you do about something needed to be. with the democrats it looks like just a few days ago they were going to take the white house and the house and therefore be able to push through their victory gender and regu

chrystia, i want to start with you here over in the u.k. . they've reported that the economy grew slower than expected 1 point one percent in september from august as we just mentioned, lagging other, developed nations as it struggled to contain co. but now it has suffered the biggest g.d.p. drop among major economies listed by the office for national statistics. why are we seeing that and what's going on over there? well ran a lot of things actually contributed to this g.d.p. drop or one of the main anthrax where the guy had prince initial iraq counteracted way longer than an up and absolutely hammered disturbances in the streets, which makes the economy so and look like regular coverage brains work takes far longer than what many people think. so while the situation is improving a little bit, the case and the momentum of the recovery is now slowing down. and this is all, i have the fact that the entire economy is being caught up by more than 200000000000 pounds of emergency spending and tax cuts ordered by the finance minister sanat and the