shanghai up double digits and shenzhen ytd.here certain tries or sectors that could benefit the most to this approach to stimulus? >> i think the news on the bank re-capitalization is good because there has been a lot of worries of profit margins and bad loans for example for the state banks. obviously, it is clear the state will underwrite the credit risks for the banks. that would be good for the chinese banking sector to take more risks to lend in areas that need credit the most other than those that get most of the credit. also, i think consumer or staple or discretionarybenefit. so far, we like the household support. there are rumors of plans to support the second child or more for households. a direct cash handout. we have not heard the real -- the real policy. i think that that will have to come at some point. once we really get those real actions, then i think it could be really quite supportive to these sectors. >> janet, stay with us. i want to bring viewers across with breaking news. we have just seen china release t

shenzhen is down 15% for the week. sizable decline there. >>> stay with us on cnbc.lenty more for you. on the other side of the break, barnier reveals his budget. charlotte will be with us. stay with us. oooooooo! the oh, oh, ohhhhs! now whatcha wanna do with this? but the feeling that, no matter what, you're taken care of. ohhh, i just earned a hotel suite! hee! you only get that here. at the sportsbook born in vegas, where they know how to treat you right. who you talking to jamie foxx? bonus bets. exclusive offers. real world rewards. betmgm. download and bet today. hey, can you speak french? who, me? i know a few words. if you're struggling to speak a new language, you should try babbel, a learning platform designed by over 200 language experts. it's like having your own personal language coach. babbel offers live classes with expert teachers for real world conversation practice. it's totally flexible so you can learn at your own pace and with the right practice and coaching, start speaking a new language in as little as three weeks. go to babble.com to claim you

you saw the shenzhen fall 5% and more.he rest of the market still lagging behind the likes of the hang seng taking a hit. perhaps petering off the china stimulus we had seen previously. plus, some significant pressure from yields which have moved higher. stateside, we saw the ten-year go past 4% in ten years time or so. the question mark here is could the higher for longer play still be factored in the market? could there be a no move from the fed in the picture? on the other side, you have question marks whether the ecb is ready for another cut in europe. bank of england looking to be more aggressive. all of those factors on central bank in the market picture. plus you have everything happening with china with the stimulus story which is one to focus on across the market picture to see whether that decline continues. here are the better performers. i say better because they are all still in the red across the market as you can tell. so this market going down. ftse 100 is 1.2% weaker. a lot of those being some of those min

the shanghai composite is happy percent and the shenzhen composite jumped 20% in the open, no opulentnference becoming the next 20 minutes —— the shanghai composite is up 8%. to stay with us, that is up next. hey, welcome to the catch—up. it is a year on from the october 7th attacks and we'll be hearing from people living in and gaza. first tonight, israel, hamas and hezbollah launched my results on monday. the israeli army says over 100 missiles were fired by his brother boot into israel. in gaza, people have been killed on a refugee camp by israel that has been reported by hey hamas affiliated news outlet. an attack was repelled by forces in yemen. across the world and it is remembering alaska's october 7th attacks, in which hamas killed hundreds of people and took hundreds hostage. they have asked mike the terra sumy and assured me in my leg. the terra sumy and assured me in my leg-— in my leg. -- the terrorists shot me — in my leg. -- the terrorists shot me and _ in my leg. -- the terrorists shot me and i _ in my leg. -- the terrorists shot me and i like. - in my leg. -- the terro

on the moon, but the book of records has already included a show drone of 10 thousand drones in shenzhen.. our country was the first in the world to establish diplomatic relations with the people's republic of china; to mark the seventy-fifth anniversary of this date, a festive concert. it was organized by the russian-chinese friendship society with the support of the ministry of culture. soloists, leading creative groups of russia and china. the growth rates of the economies of the eac countries exceed the world average, mikhail mishustin said, speaking at the plenary session of the eurasian economic forum. as the prime minister noted, the state has managed to build a model of interaction that ensures a high level of freedom of movement of goods, services, capital and labor , while relations between the participants based on mutual. sometimes you need to go beyond the usual, we know how to do it, always stay above the fray, 5 days a week. 60 minutes is always on top, a hotel for unforgettable. here you will find entertainment throughout the day, year-round performances of the best djs f

astronauts on the moon, well, the record book already included a drone show of 10,000 drones in shenzhencapital of high-tech, as a symbol of rapid chinese development. alexander baalsky, nikolay petrov, news from beijing, china. despite the slowdown in the global economy, the gdp of the country of the eurasian economic union is increasing, and the growth rate exceeds the world average. how are they developing? integration is discussed in yerevan, alena logvinova will tell you more about everything. alena, hello, what areas of the economy in priority? vera, good afternoon, the emphasis is planned to be on digitalization and high technologies. the eu economy is actively growing despite the global recession. in the first 6 months of the year, the gdp of the union countries increased by 4.5%. this was announced by prime minister mikhail mishustin at a meeting of the eurasian intergovernmental council in an expanded format. such results were achieved thanks to intra-union growth factors, high investment activity and consumer demand. as a result, from january to june, industrial production inc

in shenzhen new sales -- new-home sales were up 10%. and in beijing expressions of intent doubled in the first three days of the holiday. immediate impact from the measures announced before the holidays by the pboc to cut down mortgage rates as well as down payments but how long-lived will this rebound be. some analysts say the current set of measures is still not enough for a sustainable turnaround. we still have to see the broader economy and confidence in income growth recover. for the housing sector do turnaround. tom: minmin low on the details around the golden week on the market reaction which is head spinning in terms of the split. the csi 300 on mainland china is up but the hsi is down. the macro policy languishes. new york fed president said the central bank is well-positioned to pull off a soft landing. the soft landing is still a metric. in an interview john williams said his goal was to move interest rates to a neutral setting. valerie, there is a lot of fed speak. what are we hearing from williams and how have the markets b

a few days ago , in the sky over the chinese shenzhen, figures were folded more. and since this evokesemotions, as anya said, to the point of goosebumps, i propose to introduce a separate nomination for drone right at the prestigious oscar ceremony, well, look, they are like actors, you know, they are going to do such miracles in a given direction, just wonderfully from one laptop, olya, did you pay attention to this information, that is, one person controls this. in the catering industry, that is, a young specialist can work as a cook, can also work as a pastry chef, today, in many enterprises the pastry department is small and to recruit a specialist who would be able to prepare desserts, sometimes the enterprise does not have such an opportunity, but to hire a cook who also knows how to make desserts well, this is the main advantage. in minsk there is an international competition of pastry art, our guys take part there every year and college bring prizes. once every 2 years , the proof skills competition is held in the republic, our college students also participate in the chef qual

have put restrictions, importing things from shenzhen. example, there are allegations of human abuses that occur that have been noted by researchers. and so it is one thing that we need to keep a a real eye on. you know, we went through a colonial where these abuses were ignored and, a lot of societal problems even today can can be taken back to those roots in the as we try and get resources newer places we should try and make sure that we don't fall into the sort of green colonialism trap where we'll be a europeans we want copper we're just going to go to chile, get all our copper at what our cost? that's there. this is no acceptable and it's not to make the energy transition or the problem easier to solve because all countries to some extent need to work with other to solve this. right. thank you. this question is targeted at action about carbon. about carbon. do you see the you use steps towards a carbon border adjustment mechanism as a first tentative step toward a global on carbon that will deliver the economics that are needed. yeah

shenzhen falling .4.he hang seng and hong kong managing to push forward with another day of strong trade up 3%. 21,251. the csi 300 index also pulling forward here. we have seen these markets out perform broader asian indices and giving a sentiment boost across the asia trading as we count down to the stimulus policy measures. i flagged this for you earlier. the nikkei below 40,000, but the market still eeking out .2% gain. stocks moving higher in india where markets are reacting positively to the decision up 0.3%. the asx 300 rising 0.43% which is of course off the move of commodity prices today as well. >>> going back to one of the top stories. milton made landfall on the west coast of florida last night as a category 3 hurricane. the storm, which now has been downgraded to a category 1, is expected to maintain hurricane strength as it barrels across the state. deaths have already been confirmed in at least one county with over 3 million florida residents estimated to be without power. analysts are also

the world did not know -- this went on in the labs in byd and shenzhen. there was collaboration between apple and byd. ed: really important piece of reporting about byd's prowess an history and batteries. and then there's electric vehicle side, specifically in the cheaper categories. that is the whole point of the big take. let's start with the basics. what is the conclusion you reach about byd and its strides globally? gabrielle: i would say that my biggest take away from reporting this story over the last few months is that if you want to understand why byd is the biggest carmaker in china, why they can make a chart that have such impressive technology and yet such a low cost that truly terrifies auto executives all around the world, whether they are in tokyo or detroit, you got to understand that the story is much more complicated than subsidies. obviousl where in the middle of a really intense period of trade war and tariffs with europe and china, and there is rhetoric going on about how subsidies are what is making these companies grow. i don't want

i think you need to look at what was happening on the shanghai and shenzhen markets as well. investors were hoping for fireworks here, frank. they got a sparkler instead, and the market's confidence is on shaking ground. that was also impacting sentiment broadly across asia. meanwhile if you shift focus to the translation for europe, we saw major equities on the flat line, defense stocks, yoo uu -- utilities, not much to write home about. exports were up, while imports declined more than expected. that wasn't a major catalyst nor was it for stocks across the region. equity investors it would seem holding back on making any hedge bets. in europe, also, remember the ecb expected to deliver another 25-point basis cuts next weekas well. so perhaps investors across the european continent are looking for that catalyst. back to you. >> our dan murphy live in abu dhabi. >>> turning our attention to home, let's get a check on some of the top corporate stories. silvana henao, good morning to you. >> hey, frank. good morning to you. rio tinto says it will acquire u.s. lithium producer a

the shenzhen overnight and the shanghai on mainland china started to tank, 2 percent if apiece.ed rally has begun to falter as the government's latest plan, which it unveiled this weekend including a promise to recapitalize banks, fell flat. what does the man known as the father of emerging markets and previously a china a bear say about all of this? mark mobius, chairman of moan yous emerging opportunities fund, is here. well, it's a little bit of a moving for the, isn't it? first the government makes these stimulus announcements, mac, and suddenly the success -- mark, and suddenly the stocks started skyrocketing back in late september. now it's almost as if t not packing the same punch. what do you make of that? >> well, you see the market went up far, far too much, as you know. you're talking about the index was up something like 40 percent, and many of the stocks were up more than that. so you had an incredible reaction to the government stimulus measures which was too much. so now we're getting a correction. however, the dam has broken. let's put it that way. we're in a sit

flagship is focused on the growth stocks outside of china but you have to look at the shanghai and shenzhen investors in china that's kind of for us kba or china a, that i think next is going to be like nothing you've ever seen. 60 brokerage houses announced they're staying open during the national holiday to open brokerage accounts you have the pboc said they're going to give $500 billion rnb, call it $7 billion, to mutual fund family, insurance companies, to buy stocks and if that doesn't get the shanghai, section zen, kba market up they will give another $500 billion so it's -- you know, there's a lot coming and i think a lot of good news coming, just this is going to affect the economy. it's going to be a very positive effect that will take time, but, you know, good economic numbers coming will flow into the balance sheets of the companies we hold. >> do you think they're limited by their debt? >> i think they don't have a supply problem they have a demand problem so yes, i mean debt on the real estate side is why you're seeing all of this policy support, but government debt is only 60%

the shenzhen up 3%. in hong kong, stocks down 3%.n saturday, the finance minister delivered a press briefing that did not offer the size of the stimulus that beijing plans to pump into the economy. the finance minister focused on measures to tackle local government debt problems, including a plan to funnel money into the coffers of provinces. they may have to wait for the meeting later this month for the size of the coming stimulus. investors are expecting support measures between 140 and $425 billion. >>> meantime, becky, separately, china's military launching a new round of war games near taiwan overnight. it said the military exercises were a warning to the separatist acts of the taiwan forces. china's regional military command said the war ships and aircraft were approaching taiwan in close proximity from several directions. taiwan had been alert for more war games since last week's national day speech by taiwan's president. officials in t'aipei calling the war games blatant provocation. the biden administration was monitoring th

the mainland csi 3,000 dropping and the tech-heavy shenzhen falling by more than 8.5%.hina's ministry announcing it would hold a news conference on saturday, but it wouldn't specify a topicing. >> let's talking hurricane milton. expected to make landfall this evening. it regained category 5 strength overnight with maximum winds at 165 miles an hour. it's on a direct path that could directly impact tampa bay. it's very vulnerable. the region has not been hit by a major hurricane since 19 21. forecasters expecting a storm surge of 10 to 15 feet from the tampa bay area. up to 15 feet of rainfall. ron desantis and president biden have been strongly urging people to evacuate, but that window is now closing. you're seeing st. pete and orlando airports halting most of the operations. walt disney worlds, universal studios closing early today and anticipating remaining closed tomorrow. and you're already seeing how difficult it is to get out of town. >> i don't know if you've seen. we were showing hurricane helene. that's been a major issue that ron desantis has been talking abo

that's why you see stocks off 1% with the hang seng and shenzhen. >> do you remember at the end of yesterday's show? >> nothing happened. >> let's check the futures. there's no reason because the dow was up 2. i never want to say it will end up 300 points. it could go down, too. that's what we're feeling like every day. is it the liquidity? is it what druckenmiller says? we'll talk about druckenmiller. >> in a minute. look, it's just -- >> liquidity. >> people waiting to buy the dip. the people saying the money coming in the treasuries is coming out. >> some people said yesterday, it may have been tom lee's firm that said there were, you know, certain assumptions. in the lower-inflation environment, it is better. you don't have to adjust them. it's a surprise maybe it's that good. maybe it makes sense. who did we have on yesterday who said? the most hated market that we've seen. >>> meantime, this is a fascinating story. we are watching shares of expedia after the financial times reporting that uber has explored a possible bid for the travel web site. uber approached advisers in recent months