matthew martin in dubai. manus: time for a check in with how the china's day is. is expanding quicker than forecasted. gdp rose a slightly ahead of estimates, 6.9%, but still the lowest quarterly expansion since 2009. how is it playing on the market? a difficult start -- ryan, how are we looking? ryan: 6.9% is what we got in the expectation was 6.8%. that is obviously better than the expectation, but nonetheless it is the worst quarterly growth since the beginning of 2009. if you look at my 15-year chart of gdp, in the first quarter of 2009 he came in at 6.2%, but we were in the depths of the financial crisis. you have to go all the way back the last millennium to see another quarter with that kind of growth. 7.5%, and who could forget that we went all the way up to 15%? how did the markets perceive that? this is the shanghai composite, a two-day here. shanghai composite was up as much as 1%, falling on the news and closing 1/10 of 1%. not a huge difference, but enough to take off that aid we can't. -- that eight-week high. we open to down a little on the stoxx 60

let's speak to matthew martin in the by. great to have you with us. measures are being taken to the saudi government in response to the oil slot. isn't that bad? matthew: what we are seeing is the government is starting to enact a series of measures as the reality of the oil price and the fact it is going to hover around this level settles in. the government is coming in -- is coming from a position of strength. ares aware that things going to be worn down as he carries on the pace of spending. we are starting to see the government move into catch reservation mode. we are seeing payments to contractors being delayed, six months or longer. we are seeing a freeze on new projects in the current budget year. we are seeing the government go back on some of the contracts and try to renegotiate prices. behold dream of measures that are currently being taken by the government to limit spending. jonathan: in terms of the outlook, what is the picture look like? matthew: this is the big question. are very much focused on the last few months of this year. the big

let's bring in bloomberg's middle east finance reporter matthew martin. good day to you. what this story is from abu dhabi? they will look at their state holdings. we expect some developments. -- some developments. -- divestments. matthew: edward abbey created a lot of these companies when there is a lot of money being thrown off from the oil -- abu dhabi created a lot of these companies then. there is pressure to create wealth for the rainy day times for when oil prices are falling. we are seeing the oil prices have fallen, and so awful dobby is looking at where that they can transfer some of these assets into cash. manus: when we talk about assets, everybody knows what qa tar holds. of british companies and buildings. talk about abu dhabi. i know the investment authority. , that think of abu dhabi is what i think of. talk about these kind of investments we could see release value for them. matthew: a whole host. their identities -- which have set up a joint venture with g.e. intended to: best into the middle east -- intended to coinvest and create jobs. now this is being

let's bring in matthew martin who is in dubai. government taking in response to the oil slump. is this a material departure from tactics previously employed? >> what we are seeing is that the government is coming in from a position of strength. highhave low debt and savings levels with a realization that the oil price hang around this level for a long time and they are starting to recognize that now is the time to start moderating spending. now we will see payments to government detractors being delayed. -- we starting to see have already reported on measures being taken around not rewarding new contracts. we have seen measures around limiting spending on government services as well. we're starting to see some very significant measures being taken to limit spending as we run up the end of this year and the interesting thing to watch will be 2016, and does the government carry on with the same attitude toward spending in 2016 or does it start trying to spend again to stimulate the economy more. it seems like we are now into a perio

. >> martin o'malley talked to msnbc's chris matthews about that exchange after the debate was over. on the planet that buries as many of our people from gun violence as we do every year. and this -- this sickness has to be addressed. and there's comprehensive, commonsense things we can do. and i was hoping that on the stand tonight, maybe we did. i think we can forge a new consensus to get it done. >> as for hillary clinton, twitter exploded at her misuse of the word literally. >> when we met in copenhagen in 2009, and literally president obama and i were hunting for the chinese. going throughout this huge convention center, because we knew we had to get them to agree to something. >> as the daily show points out, literally hunting for the chinese is kind of an odd way to phrase it. and it's become a tradition, the pros and cons of watching the debate, brought to you by tonight show host jimmy fallen. >> pro hillary clinton had to answer tough questions like did you lie about your e-mail service. con, jim webb had to answer tough questions like, who are you? and can we see some i.d.

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