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kriti: john carney joining us from washington, working some crazy hours covering this. president xi has been speaking in the last hour. was his message similar to biden's? >> yes, if anything, i would say it was more positive. biden seemed to take a more pragmatic approach of the talks, if you will. even though china and the u.s. are competitors, they want very much to pursue this competition rationally, coolheadedly, and without rancor. xi said china was not speaking -- seeking a sphere of influence and did not one war either hot or cold with the united states. look at where he said it. it was at a dinner with a very prominent business executives and financiers, and he is looking for investment in china. kriti: of course we have seen the last three years admittedly a function of zero covid policy out of china and we have seen this mass exodus of funding, of deals going to that part of the world, a real turnaround from what we have seen in the past 10 years, but then there were sticking point is well on geopolitics. the first thing that comes to mind is the military con

john kerry, the u.s. special presidential envoy for climatic -- climate and mark carney speaking to the new economy bloomberg was recently named chair of bloomberg inc.. i want to get back to the markets here. one of the key data points comes in five minutes time. this is for the third quarter. the breakdown actually looks like we are already in a recession. we have the chief u.k. economist joining the program earlier. she said, we might see a technical recession shortly and that will be significant as we watch the broader gdp story. we will also have a slew of earnings headlines. we will be speaking for the first time to schneider electric's new ceo. that follows the company's capital market, you don't want to miss that exclusive interview at 7:30 a.m. u.k. time. 2:30 a.m. in new york. a lot to digest. they will talk about margins as is the focus in all of the corporate story from the united states to europe. everything you need to know and more. more markets analysis and geopolitics coming up on markets today. stick with us. this is bloomberg. ♪ the power goes out and we still have wifi to do our homework.