Global Markets Rally on ECB Action, China Rate Cut

The video discusses China's decision to cut interest rates for the first time since 2012 to boost its slowing economy, which positively impacted global stock markets. In the US, the S&P 500 and Dow Jones reached record highs, while European markets also saw significant gains. The video then shifts to the US political scene, highlighting the Republican opposition to President Obama's executive actions on immigration, which temporarily lifted deportation threats for millions of undocumented immigrants. The video also covers Aereo's bankruptcy filing following a Supreme Court ruling against its online streaming service. Finally, it addresses internal challenges at Uber, focusing on executive Emil Michael's role and the company's growth amid controversies.

What was the percentage point reduction in China's benchmark lending rate?

• 0.6%

• 0.4%

• 0.8%

• 0.2%

What was the reaction of the stock markets to China's interest rate cut?

• Markets remained unchanged

• Markets fell sharply

• Markets rose significantly

• Markets were volatile

What action did President Obama take regarding undocumented immigrants?

• Lifted the threat of deportation for 5 million immigrants

• Granted citizenship to all undocumented immigrants

• Implemented stricter immigration laws

• Increased deportations

What was the main reason for Aereo's bankruptcy filing?

• Competition from other streaming services

• Lack of investor interest

• Supreme Court ruling against its service

• Financial mismanagement

Who was the executive at Uber involved in controversy?

• Travis Kalanick

• Emil Michael

• Barry Diller

• Mario Draghi