Then, naacp president and ceo Derrick Johnson on black voters and the important issues in campaign 2020. Washington journal is next. I am pleased to announce that Vice President joe biden has officially been nominated by the Democratic Party as our candidate for president of the United States. Vice President Biden is hereby invited to deliver an acceptance speech. Thank you very, very much, from the bottom of my heart. It means the world to me and my family, and i will see you on thursday. That took place after a first ever virtual rollcall vote officiallyn is selected as the nominee for the Democratic Party. Just some of the activities on night two of the Democratic National convention. Watch our coverage of night three starting at 9 00 tonight on cspan, cspan. Org, and follow along on our cspan radio app. In the first hour bang, you can give us your impressions of the activities. In the first hour, you can give us your impressions of the activities. If you support joe biden, 202 7488
The simultaneous listing could bring evaluation of 225 billion dollars and may raise more than aramcos record sale. Day twot lady headlines of the republican convention. The theme is the land of opportunity as Melania Trump makes the case for her husband winning four more years. Working news at the moment. We are getting confirmation that the u. S. Business will be charged in a generic drug pricefixing probe. This coming from the department of justice, saying the Pharmaceuticals Company was charged for its role in a saying teslas u. S. U. S. Mers tevas consumers were charged 350 million. It was charged for conspiracy including landmark and glen tech. Nd apple it is falling more than 4 in postmarket trading. Teva pharmaceuticals being charged with conspiring to raise prices for generic drugs. This is after years of pricefixing in the generic drug market. The doj saying it is the seventh company to be charged with generic drug pricefixing. Teva was charged for pricefixing. You can see th
Around 9 10, a speech by chairman powell. Much at the center of a storm in many ways. Fiscal stimulus seems to be off the table as the political backandforth of the rnc and dnc take focus. Really interested to hear what he says about inflation is real yields dropped near alltime lows yet again. Tom the real yields dropping is increasing inflation expectations. I looked this morning at great britain, at the united states, europe, and switzerland, and the rate of change of the inflation expectations, with the u. S. Leading the way to a higher vector versus the other three major countries. Weve got a lot to talk about. Heres Lisa Abramowicz with the morning brief. Lisa it 30 a. M. Is the other bonanza of data ash 8 30 am is the other bonanza of data we are getting 8 30 am is the other bonanza of data we are getting. We are expecting another one million new initial jobless claims filed. This brings 23 of the past would you for weeks at one million or more of the past 24 weeks at one millio
1 outperforming up a full point. 75 10 year yeild nearing basis points out of safe haven treasuries. 2 . Ollar up approach torelaxed inflations. We will seek to achieve inflation that averages 2 over time. Will achievecy some time. R prof, what do we still need to know . It was powerful and important. Not trying to. Low the ecomony down experienceecade of unemployment. We will take more of a back seat. It even overshoot inflation . Fed wills where the go. Before weation down get to the 2 . Is hot . That is what they arent going to tell us. They dont want to be constrained. Rt japan. Ference countries acted too quickly. Of gdp and is going much higher. Thatdont want to get in situation. Thatwant to go higher and means we will get to the 2 average, which might mean target. N above the 2 are you concerned valuations are getting too extended . The fednk some of it, liquidity support was important to avoid the market disfunction. Sell treasury securities they will sell everything they can.
Welcome back to the aspen security forum. I am director of the aspen shot a geo group. I should say good morning to the Prime Minister of australia. It is a real honor for us to welcome scott morrison, the Prime Minister of our great ally australia. In his two years of Prime Minister he has heard the country through several crises, the wildfires. The covid19 crisis where australia has an impressive record, and Foreign Policy the Prime Minister led a research and of australias insolent in the south pacific. Australia was the first government to exclude huawei from its 5g network. Australia is currently undergoing, as are many other countries in the world, a challenge in china. States, indiad and japan, and others. Prime minister, i have the Great Fortune to spend three weeks and australia. I had worked for the government in the past and was very impressed by the depths of everything we are doing together. You will be interviewed by margaret brennan. She is moderator of the pbs show face