for more, let's speak to dan wang. she is the chief economist at hang seng bank china. local government debt and regional banks are both in relatively big trouble. so we've seen various measures from the central government trying to limit the scope of this trouble but over time we do anticipate more decline in china's housing market especially residential housing market and that actually justifies the worries in the report so what will happen to china actually depends on the response from the central government in the year to come. when it comes to the investor sentiment there as being quite pessimistic in the past few months and i believe china need to do something new and something more drastic in order to boost it. a sign that players are searching for alternatives to pricey graphics processors which can cost in the margin of 40,000 for one chip. they currently dominate the ai market. chat gbg, for instance, was trained using 10,000 of the units clustered together in a supercomputer belonging to microsoft. at the un climate talks in dubai this week, delegates are add

for more, let's speak to dan wang. she is the chief economist at hang seng bank china.moody's was quite disruptive on the day for the stock market in particular, but i didn't expected to have long—lasting impact on china's economy because the main weakness for china right now is still in housing. and because of the local government debt and original banks are both in relatively big trouble. so we have seen various measures from central government trying to limit the scope of this trouble. but over time, we do anticipate more decline in china's housing market especially, residential housing market and that actually justifies the worries in this report. so what will happen to china, actually depends on the policy response from the central government in the years to come. when it comes to master sentiment, to come. when it comes to mastersentiment, it to come. when it comes to master sentiment, it has been quite pessimistic in the past few months. and i believe that china needs to do something new and something more drastic in order to boost market confidence.— order to bo

dan. the saga continues. now to the latest overnight on the backlash after tuesday's hearing at the capitol with the presidents of mit, penn and harvard. a former inquiry is being opened now. selina wanghe hill. good morning. >> reporter: good morning, juju. that fallout from the congressional testimony of harvard, mit and u penn is mounting after chair virginia fox said the presidents' statements in response to rampant anti-semitism on their campuses is unacceptable. the house education committee is launching a new inquiry. the inquiry is expected to look at whether they do enough to protect their own student, and fox said the panel will, quote, not hesitate to issue subpoenas. now, the presidents of harvard and u penn have issued statements walking back, trying to clarify their testimony, but already donors and alumni are calling for them to step down. on thursday the u penn board held a hastily scheduled meeting but a spokes person tells me that for now, there are no board plans for imminent leadership change. demarco? >> all right, selina. thank you very much for that report. now to new details in that deadly campus shooting rampage in nevada as we learn more about the gunman and