Luxury resort operator Club Med hopes to move deeper into the China travel market, despite worries about a slowdown in the world's second largest economy. '[China is] transitioning to a more consumer based economy - and tourism and holidays are a part of it,' said Henri Giscard d'Estaing, global CEO of Paris-based Club Med. 'This part of the market is growing double-digits and in our business we're seeing even faster growth.' Club Med recently opened their fourth resort in China and the region is the second biggest market for the company in terms of the number of guests. The doom and gloom headlines about a slowdown in China's economy don't worry d'Estaing. TheStreet's Scott Gamm has details from Wall Street.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.