the real estate group is offering to solve assets at a discount 28 percent off market value for residential housing and 52 percent off for parking lots. but considering that at least one group of protesters actually stormed ever grants, headquarters and report seems to indicate that they were for lack of a better term building company representative hostage. it doesn't seem like there were too many speakers being called too big to fail. some are also now wondering whether the chinese state will need to step in, in order to save ever gran, but as of yet, that is something that chinese state media is denying. and what's interesting to think about is whether ever grant executives will face any punitive measures from the government in light of the upset to the country's economy. a lot of critics of america's big bailouts often say that those who are responsible got up too easily, but will the same hold true for what some people are now calling the chinese lehman brothers. how high profile democrats attempt to deliver a social message through her clothing does appear to come apart at the seams.

ever grand saga continues amid reports that financial regulators in beijing are telling the real estate group to do everything possible to avoid a near term default on dollar bonds, as it works to complete properties and repay investors. but the instructions appear to be rather vague as do the company's plans for the nearly $120000000.00 in debt payments due this week. but even so, shares of ever granted climbed 17.6 percent before falling on thursday. despite the news that the company held over that the company rather than hauled over 35 percent of ever grand stocks and bonds in the process of cutting type chinese estate holdings confirmed it had sold nearly 110000000 ever ground shares since august 30th. and it may plan to solve the remaining 750000000 shares in the coming month. so where does the embattled ever grand group go from here? we'll join you now to discuss is boom, most co host christy i. now christy, i know we've talked about this situation a lot over the last week and as we see ever grand faces a critical test on thursday and meeting its obligations to bondholders. so what is t

financial team but the college to lease the rest then they sold the building to a new york city real estate groupa profit than the college turned around spent more money leasing to spaces on the plaza at one and ten constitution plaza. what was really going a on? lythey admitted the strategy it was important for them to make a big statement pointing out for decades trinity was the only residential college in the city that now is left behind. looking back towards hartford other schools had to pass them as engines of urban revitalization st. joseph stretch beyond the suburban household to stake a claim in the city opening up a pharmacy school downtown and in 2017 yukon unveiled a full campus where students move from renovated historic buildings to shared space in the hartford public library in the 107 -year-old wadsworth a staff member who also grew up in the neighborhood said that hasty purchase rushing to the arctic following behind other schools planting their flag in downtown hartford. so i will move forward a minute. so i just want to go forward espinosa explained another member of the downtow

when the property failed to attract tenants, trinity sold it to a real estate group for small profit.the college turned around in front more funny leasing two phases on the plaza at one in ten constitution plaza. what was really going on i talked to the president, she admitted it was wonderful but it was important to make a big statement.. for decades, trinity was the only president of college in the city that now was left behind. when the college money back toward hartford, other schools surpassed trinity as engines of urban revitalization. saint joseph and university of connecticut and beyond super household to state a claim in the city. the former opened up a pharmacy school start time in 2010 in 2017, yukon unveiled a full campus where students renovated buildings shared space in the public library 170-year-old museum of art. espinoza, a staff member at trinity grew up in the neighborhood described constitution plaza as higher education rush to the arctic.c. i was close planting their flag in downtown hartford, this move forward -- a minute, i just want to go forward. espinoza exp

maria: look, right now yeah chinese real estate group ever brand facing major debt to the company sharesn by more than 10% hitting 11 year lows as they approach this debt payment deadline. ever brand starts to repay investors with real estate. kenny, this is going to be one of those things the whole world is watching because we don't know what banks are exposed to the ever brand debacle, so that's one issue overseas, but then you have the debt ceiling here and we don't know in terms of the debt ceiling whether or not it's going to be lifted because you have so much dividing congress overspending right now. markets usually don't react so significantly to debt until they do; right? and you are talking about more money added to the debt of this country. your thoughts, is a big topic of conversation on trading desks today? what are money managers a saying about this debt ceiling deadline with a nine legislative days left in the congress? >> i think it's a topic of conversation, but we have seen it before. they end up raising the ceiling because that's what they do, so i don't think markets a

chinese real estate group evergrand hitting 11-year low which approaches debt payment this thursday.s unlikely to bail out this company as other chinese stocks suffer. a chinese developer plunged before the stock was halted yesterday. rebecca, the markets came back somewhat by the close yesterday oftentimes the markets like to see a total upset, you know, a huge selloff. now because they came back at the end of the day yesterday, i'm wonder if you think this rally today is sustainable. >> what we are see federal reserve official over saying that evergrand is not too big too fail and indicating they will in the bail it out and comes in heels that other bailouts that china has given to chinese banks and corporations. what we are seeing a reversion of western capitalism on the part of beijing and ccp and that's reverberating through the capital markets. question is is it contagent. we are completely intertwined with the chinese economy, our exports are chinese for the most part and, yes, some impact to move supply chains out of that but as the china market goes we would be severely impa

chinese real estate giant evergrande group friday -- grew friday. one investors of default.he company is china's most indebted developer and one of its biggest borrowers on foreign markets. i had, apple says it will delay the implementation of a controversial system that would imagesf cld exploation.es for it drew fire from privacy and human rights campaigners for its potential to be abused by oppressive regimes. apple has made user privacy and linchpin of its branding strategy in recent years. finally, for investors wondering how to maximize the value of their portfolio, have you tried sending it through the shredder? itself partially after beingded sold at auction for just over half a million pounds. it is going back on the block us of the beast in october. it's second optn is projected to fetch between million and 6 million pounds. that is attributed to banksy's growing fame in recent years, no doubt helped along by that 2018 prank. that seems a pretty good investment. >> the story that keeps on giving. what are they going to do to it next? maybe set it on their. ask prob

john gray is the global head of real estate for blackstone group, which is the world's largest private equity manager. so one of the market you went into was a single family homes, and i know you have a big port covers at 50000 or yes. how do you even find 50? yeah, to buy a you need a global financial crisis for that to occur. you're sitting around in 2011. you're saying, where is there a large pool of assets that are going to be sold by financial institutions, a big discount to underlying replacement costs. and it was pretty obvious in a single family homes would spend $25000.00 or so fixing them up. and then let's read them out and make income producing assets out of them like an apartment business, but just not in one large complex, but if we do it enough scale, i was just poking around, trying to get my head around some of the stuff around hedge funds and buying app distressed mortgages and all of that. and i went onto the blackstone website. i worked with bruce for more than 20 years. he's an advocate and i think so differently than anyone. i know. so basically by up the whole ne

all this as investors around the world look at china's evergrande group, the most indebted real estate company in the world. joyce chang is here to way in how options and market structure also played a role in the selloff. we'll break it down for you. the federal reserve kicking off its two-day policy meeting today. will the markets force them to keep pushing back? their paper timeline. >>> it's day two of our two-week series "go big or go home" david cats with his top pick and random and dare we say recent data on the market's downturn. it's tuesday, september 21st, 2021, this is "worldwide exchange." ♪ >>> good morning, good afternoon, or good evening and as always welcome from wherever in the world you may be watching i'm brian sullivan, thanks for joining us it's a busy tuesday let's get to it check your morning money see if we're going to get some selling or bounce back it looks like we're going to split the middle seeing furttures on the dow up solidly higher but, of course, the major averages took a tumble on monday, ending down nearly but not quite 2% the dow falling more than

groups. real estate second worst, another rate sensitive group, down the list seven or eight days -- the lastght days. tom: kenny was plane the uproar here, that mr. west ham came out and missed a shot? jonathan: last minute penalty against manchester united. legend of west ham. they bring him on for the final kick of the game, and he misses. cameron crise of bloomberg joins us now. he is mr. west ham as well. forget into the markets, what were they doing? why bring him on? why have him take the shot? cameron: he's got one of the best conversion rates in europe. he's the club captain. i think he made something like 27 out of 29 penalties in his career. you know, it was to draw the match. it's one of those things that the numbers make sense. it didn't work out, so it is easy to second-guess. but i haven't seen the other players take penalties and training, -- nop's and training, -- penalties in training, but it didn't work out. i understand why they did it. jonathan: let's talk about this bond market. 20 basis points in about a week on the 10 year yield. a lot of people coming up with some nic

in court for singer britney spears, a judge has suspended her father as a conservator of her estate. a groupbritney spears fans held this rally in los angeles today to support the singer. her father, james fears has been in control of his daughter's finances since 2000 and eight, the judge in the case said suspending the conservatorship is in the best interest for the singer. i want to hear from like her own words. i want to hear from her voice that she's happy and she's excited about what happened and that she gets to say that and then i'll be good, right, but i need to hear from her. it's a great day for britney spears. and it's a great day for justice. the judge has appointed a temporary conservator, a certified public accountant named john zabel. but britney's attorney says he is hoping for it to be completely terminated by mid november. that's strange. it's something so beautiful, uh, in terms of an art form that is respected and admired around the world truly is a look at latino lowrider culture in celebration of hispanic heritage month coming up. the social and political history behin

it's beers of a default from real estate giant ever grand group mouth.

it's beers of a default from real estate giant ever grand group mouth. straight ahead. we look at the response from global market. and back in kaden is spreading beyond equities as the crypto currency sector has also dep. later on where you think you inside the industry to see how prices are bearing, then we move to the situation in northern ireland as post wrecked. the trade issues persists later on. we bring you the latest from the stalemate in 5 minutes or boards. johnson visited the united states with jam packed joe. today, let's get started. and we'll leave the program with more follow up from the china. ever grand saga, ever grant is due to pay more than $83000000.00 in interest on its march 2022 bond on thursday, and faith is another $47.00 and a half $1000000.00 in due next week. on march 2024 by growing fears of a default by one of the world's most indebted companies is having a ripple effect across the global equities ever. grand group side stock, which is traded in hong kong, dropped more than 10 percent on monday. having lost 45 percent in september alone, c

it's beers of a default from real estate and giant, ever grand group mouth. straight ahead, we look at the response from global market, and to that contagion is spreading beyond equity as the crypto currency sector has also dep. later on where you think you inside the industry to see how prices are ferric, then we move to the situation in northern ireland as post directed trade issues persists later on. we bring you the latest from the stalemate and prime minister boards, johnson.

real estate, ever grants on store -- they said the real estate, ever grand's onshore group, they saidhe interest payment has been resolved via negotiations off the clearinghouse. that means bond interest payments are usually in china pay through a third-party clearinghouse. however, this indicates they went directly to the creditor. it did not clarify how much interest would be paid and raised a lot more questions. again, we come to the d-day, debt payment day today. haidi: it raises the question whether this is dancing around the postponing of the inevitable, without labeling a default. could this happen as we wait for beijing to announce details of a major restructuring? >> that is what we are all waiting for, absolutely. and you are right, the speculation is that this statement was put out so they would not have to be labeled as a defaulter even though they do have a 30 day grace period. there were no comments about the dollar bond interest due today. there is a report in a news website launch last year, citing sources close to the chinese government as saying ever grand will be re

successful if you look at ways and means commiee have be on things small group of corporate interests care about. corporate t rate going up, estate tiny small group of wealthy heirs, prescription dru benefit, letting medicare negotiate for prescription dru. are you confident you can overridehat special interest oppotion? >> i'm absolutely confident we can. american people across the ideological spectrum support these things. want a fair tax system in which everybody pays fair share, including the largest corporations and most wealthy americans and want us to enforce the tax code fairly, close looples and make sure everybody in america he to do what the rest of us everyday americans do, pay our fair share. polling on things, allowing medicare to negotiate drug prices is onef the best polling issues. president trump supported doing this when he ran his campaign. he did not deliver, which is why it's up to president biden and us to do so. >> i had forgotten that detail. congresswoman porter, thank you very much. >> thank you. >>> one of the democratic holdouts in the senate held a fundraiser with business groups lobbyi again the bud

dow which sent it careening more than 600 points on concerns about a huge china real estate firm called evergreat group that is in danger of going belly up. welcome. i'm neil cavuto. this is "your world" what to make of the dow and the other markets performance today after that shellshock of a trading day yesterday? a lot of market technicians look at this stuff and say after a huge sell off, it's kind of nice to see the next day be an update. it wasn't. it was better than yesterday, but all of this comes at a time when there's growing pressure to see what happens in china could ever happen here. most experts say no for the time being. but we have our own problems here. debt ceiling breach that could come sooner than we think. they're pushing that off. we're going to talk to senator john thune about the republican effort to challenge the democrats for punting on this one. we'll get the read on that shortly. the battle overhandling all of this almost simultaneously. that could weigh on stocks as well. first, susan li on what happens to the earlier very strong update. susan? >> not much of a rebound afte

dow which sent it careening more than 600 points on concerns about a huge china real estate firm called evergreat groupthis is "your world" what to make of the

first estate comes to members of the church and others of the second estate like the marquis de lafayette had joined up with this grouphird estate to form a new legislative body, a much more effective legislative body that they would eventually call themselves the national assembly, or the assembly nationality. now, all of these problems are occurring. there's an economic crisis. there is a food shortage. they want a new political system. they want to lessen the power of the king from an absolute monarch like louis xiv said, the state is me. louis xvi just is not enlightened enough to be that great king that louis xiv was. so they're going to meet and they're going to meet and create a new constitution in the hope that they can quit what we call a constitutional monarchy. for frenchmen they might be embarrassed to say not unlike what the english have your so they meet and a great hall, but the king is worried about this so he decides to close the hall in which they were on beating. so what do they do? they go to a tennis court, a sports facility. it's big enough to accommodate all of them and they decide with this ten

first estate comes to members of the church and others of the second estate like the marquis de lafayette had joined up with this grouphird estate to form a new legislative body, a much more effective legislative body that they would eventually call themselves the national assembly, or the assembly nationality. now, all of these problems are occurring. there's an economic crisis. there is a food shortage. they want a new political system. they want to lessen the power of the king from an absolute monarch like louis xiv said, the state is me. louis xvi just is not enlightened enough to be that great king that louis xiv was. so they're going to meet and they're going to meet and create a new constitution in the hope that they can quit what we call a constitutional monarchy. for frenchmen they might be embarrassed to say not unlike what the english have your so they meet and a great hall, but the king is worried about this so he decides to close the hall in which they were on beating. so what do they do? they go to a tennis court, a sports facility. it's big enough to accommodate all of them and they decide with this ten

the real estate arm of china is ever ground group says it will be able to pay an interest bill on thursday. if ground isn't more than $300000000000.00 of death, it owes $83000000.00 this weekend. another 47000000 next week. the european court of human rights has ruled russia is responsible for the 2006, killing a former spot, alexander lithonian cope. he died after being poisoned with polonium 210, a rare radioactive substance that with us saw those headlines one use here. now they're after the listening posts, usually by a lot of the stories that we cover, a highly complex. so it's very important that we make them as understandable as we can as ologist correspondence. that's what we strive to do for you. because you mentioned that when you go to the crackdowns worth playing into an obvious restructuring of both social and home life. hello. i mean actually that the and you're at the listening post, this is where we disconnect the way the media work. what gets covered and why it's covered that way? here to the story is we're looking at the speak. basic wants to control what it calls badly b

the estate tax basically is a tax on the transfer of the estate of a tiny, tiny little group of extremely kicks in when the estate is worth more than $11.7 million or more. think to yourself, do you have that much money? if you do, congratulations, but most of you don't. democrats want to close the loophole that lets wealthy people make money off their money, the vest the money and never have to pay taxes on those gains or pay at a much lower rate. and the usual suspects are coming out of the woodwork to oppose it. for decades, the had been this back and forth. liberals wanting to tax these estates and then an unholy trinities of conservatives, washington lobbyists and the ultra rich making sure billionaire heirs can keep every last cent. and in each round, you see the same bad faith arguments over and over again, like the debunked claim it will hurt small family farms. in 2017, the tax policy center determined there are only 20 small farms and businesses in the entire country that are affected by the estate tax. they own less than 6% of the estate's value. this is one of those issues tha

kristen salumi al jazeera, the united nations, the real estate arm of china as ever ground group says it will be able to pay an interest bill on thursday. ever ground isn't more than $300000000000.00 of this. it owes $83000000.00 this week, and another $47000000.00 next week. news of its possible collapse sent ripples through global markets on monday. the european court of human rights has ruled that russia is responsible for the 2006 killing of former spy. alexander financial comes as police in the u. k. charge a 3rd russian for the 2018 poisoning of former double agents. so guess cripple. already say all 3 suspects worked for russian military intelligence. jo, how reports this? according to britain's metropolitan police force is denise said gay f alias. so gave her daughter of he's charged with being the 3rd man involved in the attempted murder of sergei scree, paul and his daughter eula in the u. k. using the nerve agent novice shock in march, 2018. a police officer, nick bailey also became critically ill and a woman dawn sturgess died months later after she came into contact with

in russia, jonah whole al jazeera, the real estate arm of time is ever ground group says it will be able to paying interest bill on thursday. ever grant owns owes rather 83000000 dollars this weekend, another 47000000 next week. the company isn't more than $300000000000.00 of debt use of ever grounds possible collapse and ripples through global markets. on monday, livia 1st unified election scheduled for later this year are in doubt. of the politicians in the east withdrew confidence in the transitional government that only took power 6 months ago. the prime minister says he will continue to lead the caretaker administration. while a trainer reports from tripoli, in a closed session on monday, the eastern based parliament and to brook said it passed a vote of no confidence in the interim unity government. but now there are questions about the transparency of the vote. and if it was even legal about that offer on this top, you just at the old them at the after reaching quorum for today's session with $113.00 m. p. 's present a vote of no confidence is carried out with 800000000 m p 's vot

level in 11 months down about 3%, as a plunge in one of china's biggest real estate developers called china ever grand group, people call it ever grand sent markets into an absolute tizzy. the company is facing down $305 billion in debt with two interest payments due on thursday. we're going to be speaking with jason haber, one of the top real estate guys in new york city, on the phone all night and all day, with his chinese counterparts there, he's got some inside information, at least when it comes to what is possible, when it comes to a, beijing getting involved and b, whether there could be contagion to the rest of asia and perhaps here in the u.s. but anywhere you look there is weakness and commercial real estate etf's do reflect the pressure if any sector is getting hit by so-called contagion, look at the industrial metals miners, many of who have significant exposure to china's growth. copper seen as a proxy for industrial and construction spending, is losing at the moment copper is down about 3.25 % to $4.11 and we do have copper producer freeport mcmoran for example, really experiencing a major sel

estate market into freefall. it has been compared to the collapse of the lehman brothers group in the u.s., preceding the 2008 financialsis. 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 borrowing limits to crackdown on debt and rain in an inflated property market. with the coronavirus pandemic pushing down sales, the heavily indebted firm began selling off assets at large discounts. that further alarmed investors and sent shares plunging. ♪ let's introduce our guests. in london, the senior economist at capital economics. invasion, chair professor at a university and vice president at the center for china and globalization. in maine, adam hirsch, visiting economist at the economic policy institute. very warm welcome to you all. let's start in beijing. how do you think this is going to play out? is ever grand destined to default? >> first of all, ever g

real estate and utility higher today, but it is the groups that make up that mega caps that took thehese heights. heck, consumer discretionary, communications. -- tech we still have oil up solidly, above 68 usd a barrel. interesting trading in the rail stocks engaged in a bidding war for kansas city southern. longtime watchers of this story no that the big canadian realplayer made the bid for kansas city southern originally. thanks to the transportation board, its own bid may be in jeopardy. now, both cn and kansas city southern are reviewing their options, but it could be that cp comes back. there has been a lot of back and forth for people trying to bet. matt: it will be interesting to see how it works out. either way, it is going to be probably good news for shippers. you get a better think from canada and the north of the u.s. down into mexico, so you can send oil, commodities. a syrup you, corn for us. down to mexico. those are some of the biggest exports. amanda: this is a key question. one question is for customers is that because would lessen competition, will prices go up? t

all this as investors around the world look at china's evergrande group, the most indebted real estatece chang is here to way in how options and market structure also played a role in the selloff. we'll break it down for you. the federal reserve kicking off its

for china and could send the country's outsized real estate market free for the firms woes have been compared to the collapse of the lehman brothers group. and the u. s. that proceeded the 2008 financial crisis ever grants. financial troubles are rooted into decades of huge borrowing. the company took out several loans to rapidly grow its real estate portfolio and expand into other sectors like health care and finance. it made millions of people homeowners in china. it's projects sprang up and every province selling appointments, years before they were built. but in august of last year, the chinese government imposed you borrowing limits to crack down on debt and ramen 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 su child university and also vice president at the center for china and globalization. and in old orchard beach, that's a town a

in company workers. groups as it's facing, quote, unprecedented difficulties, but rejected suspicions that was on the brink of bankruptcy, grande's the world's most indebted real estate company. and it's issues of race concerns across market globally. invest the say they're not convinced by the groups plans to repay funds. most of our products already have to give money to us, but now in september, so they will stop. they are not able to give the money to the c o finance company and we took out the money in advance. we don't know where to get our money. a surgeon, support florentine as main opposition party could signal trouble for president l. better fernandez. rising inflation and poverty have damaged public support for the government. despite signs of economic recovery, sunday's primary vote is seen as a preview for the midterm elections in november. there's a ball has more from what i asked them, you vote against the government. if i were to go for a man, this shocked argentina after sundays, prime reelection. the results were unexpected and show how the opposition is regaining strength since the defeat of former precedent mowdy feel motley 2 years ago it cannot