Economic Outlook & Trade Tensions - US-China trade tensions, including export controls and potential tariffs, pose risks to the economic outlook [1] - Asia Pacific growth is forecasted at 45% this year, decreasing to 41% next year, but is subject to downside risks due to trade tensions [2] - Global economic growth is projected at 31% in the baseline scenario, but could be 03% percentage points lower with greater tariffs and supply chain disruptions [3][4] China's Economic Impact - China's exports to the US have declined sharply since 2017-2018, while exports to the rest of Asia, especially ASEAN, have increased [6][7] - Deflationary pressures in China are leading to lower export prices, impacting countries around it, including ASEAN [8][9] - Weak domestic demand in China exacerbates the issue, suggesting that boosting consumption and fixing the real estate sector could alleviate the spillover effects [9][10] Policy Recommendations for China - China provides approximately 4% of policy support every year for priority sectors, including EVs [11] - The report calls for China to scale back such policies and remove trade and investment restrictions to restructure growth and reduce internal and external imbalances [12]

I thought it was a very good phone call. I thought very productive. But I'll be meeting with President Putin and we'll make a determination tomorrow, a meeting with President Zelensky, and I'll be telling them about the call.We're going to be meeting in Hungary. Viktor Orban is going to be hosting. And it's it's really something.That's time. Last week, over 7000 people were killed. That's ridiculous.Well. For more, we're joined by Bloomberg's Tony Halpin. Tony.What do you make of these developments. Well, i ...

AI Deployment & Impact - Alibaba is deploying generative AI across its e-commerce platforms during the Double 11 Shopping Festival [1] - The company reworked its 2 billion product listings using a large language model [1][2] - AI improves product relevance by 20% for semantically complex consumer queries [3][4] - AI leads to a 10% improvement in clicks by providing consumers with more relevant and surprising product recommendations [5] Merchant Benefits & Cost Savings - Alibaba provides merchants with a comprehensive suite of AI tools, including content generation, customer service, and marketing [6] - Merchants are saving 20 million Chinese Yuan per day in customer service costs through AI adoption [7] Investment & Future Plans - Alibaba plans to increase CapEx spending beyond the previously pledged 380 billion Chinese Yuan [7] - The usage of AI in terms of inference and tokens is increasing rapidly [8]

You also posted about your call with President Putin saying he spoke at a meeting in Hungary with him. Do you have a timeline or a date set for when how would you say within two weeks or so. Pretty quick.Marco Rubio is going to be meeting with his counterpart. As you know, Lavrov, and they'll be meeting pretty soon. They're going to set up a time and a place very shortly.Maybe it's already set up. They've already spoken. And I thought it was a very good phone call.I thought very productive. But I'll be meet ...

They used to be gangs. And now you're saying innocence. What.What made you think their innocence now. But I'm looking at what's happening. And that was the deal that was made.And we'll see what happens. And it's calmed down. It's it's a tough neighborhood.We know that. We have a commitment from them. And I assume they're going to honor their commitment.I hope they do. And I know I understand they brought back some additional bodies today. It's a rough deal when you think of it, right.Very rough. We have our ...

For most administrations and all of the people involved in this kind of thing, this action would be a crowning achievement of their agenda for fertility health. But for us, it's really just the beginning. It's just the start.It's one of many things we're doing today. We're also taking historic steps to vastly expand access to insurance coverage for fertility care, including IVF. something that as you know was not covered effective immediately for the first time ever.We will make it legal for companies to of ...

Autonomous Trucking Strategy - Aurora's primary focus is on long-haul trucking, specifically routes exceeding hours of service limitations, enabling potentially 20 hours of continuous driving [1] - The company highlights the benefits of autonomous trucking for expedited delivery of essential goods, including medical supplies and perishable produce [2] Technology and Operation - Aurora's trucks are currently operating in full autonomy, with a human observer present at the request of the vehicle manufacturer, Packar [2][3] - The observer does not interact with the vehicle's controls, indicating a "grabless mode" of operation [3] Efficiency and Utilization - Autonomous trucking offers significant advantages in truck efficiency and utilization [2]

♪ ANNOUNCER: LIVE FROM WASHINGTON, D. C. THIS IS "BALANCE OF POWER" WITH JOE: MATH -- JOE MATHIEU.JOE: DAY 16 OF THE SHUTDOWN AND THERE MAY BE A GLIMMER OF HOPE. SENATE MAJORITY LEADER JOHN THUNE PROMISES DEMOCRATS A VOTE ON OBAMACARE SUBSIDIES. WE’RE GOING TO GET THE LATEST FROM JACK FITZPATRICK AT BLOOMBERG GOVERNMENT.HE’S LIVE ON THE HILL TODAY. PRESIDENT TRUMP IS ON THE LINE RIGHT NOW WITH VLADIMIR PUTIN. AS UKRAINE CALLS FOR TOMAHAWK MISSILES, WE’RE GOING TO TALK ABOUT DEFENSE SPENDING AND INVESTMENTS ...

Government Shutdown & Obamacare Subsidies - The industry anticipates Republicans will eventually concede on Obamacare subsidies due to timeline pressures [1] - The industry believes Democrats are increasingly confident in their position regarding the shutdown, potentially due to a perception that Republicans will be blamed [3] - The industry notes the administration is focused on international negotiations (Israel, Ukraine, trade with Xi) and may be less engaged in resolving the congressional shutdown [6] - The industry expects pressure to resolve the shutdown will increase around November 1st with the announcement of new insurance premiums [7] - Republican governors may pressure legislators to extend Obamacare subsidies due to Medicaid funding dependencies [8] Political Strategies & Potential Outcomes - The industry observes the administration is preparing for a prolonged shutdown [5] - The industry suggests a vote on Obamacare subsidies alone may no longer be sufficient for Democrats; they now seek a specific outcome [4] - The industry highlights the potential for Republican members to support extending subsidies, even with conditions like income caps or expiration dates [9][10][11] - The industry acknowledges the difficulty in ending government programs, suggesting that even temporary extensions of subsidies may become permanent [12] - The industry views votes on funding bills (DOD, NDAA) as a strategy to pressure Democrats [15] - The industry believes the CR (Continuing Resolution) will likely remain unresolved until the pressure from subsidy issues intensifies around November 1st [16]

Things were moving along, progressing pretty well for a number of months there, and markets seemed to tend to look the other way when it came to US-China relations. But this week they turned they turned pretty sour and it even got personal with the Treasury secretary in the US, calling the one of his Chinese counterparts an engine. And so it's always been a point of tension, the, you know, the differences between the two.But they are they're definitely heating up now and they're a long way from a deal for s ...