And i want to start you by asking how it has this been demick change the workings of diplomacy and you guys have some conversations like most of us or is it not particularly safe to Exchange Information this way well actually we have to do that and just this morning i participated in the meeting of the conference on interaction and cooperation in asia a confidence building in asia. Video conference. Some 20 more Foreign Ministers were participating in that conference and as you pointed out in your introductory statement. This despite us doesnt recognize ritual for the core strong or enemies its affecting all of us and it shows that we need to come together in order to fight despite us unfortunately the United States. Continues to prevent iran even from buying medicine and vaccine to buy just buy will definitely discuss that in details but let me ask you one more question about the workings of diplomacy because from what you mentioned i understand that when it comes to you know making.
Election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. The yen was trading lower against the dollar a little bit earlier on, but eurodollar now trading with a 1. 17 handle. What youre seeing in germany, u. K. , canada, and the United States is quite a sharp curve flattening, pivoting around the tens. The 30s are down quite hard in terms of the yield, so a big bid at the back end of the bond market. Alix all part of that is the virus story you were discussing, so lets get to that. U. K. Chief scientific advisor warning of 50,000 new cases a day by midoctober if urgent measures are not taken. Cases are increasing. Hospitalizations are falling. Deaths unfortunately will follow that, and there is the potential for this to move very fast. At the moment, we think that the roughly is doubling every seven days. If we dont do enough, the virus will take off. If we do not change course, we are going to find ourselves in a very difficu
Arms embargo and hold those who seek to evade u. N. Sanctions accountable today i will take the 1st action under this new executive order by sanctioning the array ministry of defense and Armed Forces Logistics and irans Defense Industries organization and its director. Bank is in terror all and has more on the iranian response to the us sanctions. We had foreign minister say that these new sanctions are nothing new that the intention of the United States was to bring the population to its knees and they have failed but what the real question is how iran will respond to the United States and how the United States decides to impose the these u. N. Sanctions as they see it now within iran this lots of political differences the president has and rouhani and his reformists are defending the deal domestically because there has been some opposition to it but the conservative and hardliners who make up the majority of Parliament Well they want a stronger response if those sanctions are put bac
Despite a studs and recognize ritual poor weak or strong or enemies its affecting all of us and it shows that we need to come together in order to fight this fight unfortunately the United States continues to prevent iran even from buying medicine and vaccine to buy just buy it will definitely discuss that in details but let me ask you one more question about the workings of diplomacy because from what you mentioned i understand that when it comes to you know making. Public statements or prepared statements its ok to do with online but the use still came to moscow for some reason is that because certain things that you sound sort of to discuss the only this is this is actually my 3rd visit to moscow after the corona. Breakout so there are things that you need to discuss in person. Of course we all use video. Seeing as zoom or whatever other. Platforms as out of a book but it comes to a point that you need to discuss certain things in person now under normal conditions diplomat of your
Talking more stimulus. Then you have the cable rate. A lot of extension for benefits and the u. K. The cable rate does not move. It is a consistently stronger dollar. Same thing for the gilt market in the u. K. As well. Crude also going nowhere. The real action is in the equity market. Lets dig into that top story in europe. U. K. Chancellor of the exchequer rishi sunak planning to rescue millions of jobs at the coronavirus threatens to derail the u. K. Economy. I know people are anxious and afraid and exhausted at the prospect of further restrictions on our economic and social freedom. For at least the next six months, the virus and restrictions are going to be a fact of our lives. I cannot save every business. I cannot save every job. No chancellor could. The government will directly support the wages of people in businesses to face depressed demand the option of keeping employees in a job on shorter hours rather than making them redundant these are radical interventions in the u. K.