Steve engle at Standard Chartered with a blistering note about the fed minutes being reinterpreted. Weve got some breaking news. I dont know if you see it there i home in london, but this is critical. Alone,leaves the rate and we get turkish weakness of that headline. Mr. Erdogan simply doesnt want to raise rates, does he . Anna absolutely. They are leaving their oneweek repo rate. The big picture here is that many economists saw this coming, but also thought the Turkish Central Bank should hike rates because the Interest Rate in turkey is well below inflation, and that kind of makes turkey stand out on a number of measures. They are also spending fx reserves to try and prop up that lira. We were talking about a turkish crisis back in 2018. The lira is weaker now than it was then. We will talk more about emerging markets later in the program. Lira has been stronger the last one he for hours. It weakens demonstrably off of this leaving of rates. Right now, i can do the data check right
Coronavirus cases top 12 million. Vice president pence says schools should reopen. Raphael bostic warrants about the hit to Consumer Sentiment. Stock market frenzy pushes the shanghai composite to its highest level since 2008. Thats after mega cap tech took the nasdaq to another record overnight in the u. S. Recovervenue begins to from the pandemic fuel slowdown as your europes Technology Company sees a bounceback and Software Deals throughout asia. Just under one hour away from the start of cash equity trading in europe. Lets take a look at where futures are pointing us right now. Ftse futures up about. 6 . Take a look at u. S. Futures. They have been down though only slightly. Anna, what have you got . Anna lets have a look at breaking news. Numbers coming out from rollsroyce. The engineering business, the engine maker here in the u. K. Giving us details for Free Cash Flow and cost medication action. They themselves are taking it. One billion pounds for cost mitigation action for 202
A survey says more than half their nts will keep children at home. Hong kong stocks see a rally from u. S. Holds off tough sanctions. Ain line equities are unfazed by the unexpected pull jack. Good morning, everybody. To the markets straightaway. Well show you what weve right the futures now. This is a picture for you. Futures certainly suggesting strength some coming from the european equities session. We have a little bit of catchup to play in the but not to the extent that we see futures bouncing in europe. Some expecting strength perhaps in relation to the opening up story. Far fingers crossed, all fingers crossed. Well keep alert definitely to a second wave and talk to our guest about the subject. Some catchup with the u. S. U. S. Futures look a little more sanguin, of the y very aware violence thats been taking place. Weighing on investors minds no doubt although equity markets seem to be last from this story week. Well see whether that lasts. Thats what weve got in erms of the f
Were on strike. They were counted out of work. Temporary census workers were laid off. Going to underlying strength ever economy. Look at net revisions for august and september, number of jobs was revised up by 95,000 jobs. You look at wage growth at 3 over the past 12 months. Low enough where the Federal Reserve is not seeing inflation pressures. White house Economic Advisors taking a victory lap on the report playing a little politics. White house Economic Advisor larry kudlow starting to talk about tax cuts 2. 0 to be proposed next year. The president would love to see another round of lower taxes to help middle income workers and wage earners give them as much, disposable income as possible. We are talking, again, informally at this moment. Reporter but nothing formal at this point. Ism manufacturing number. It came in at 48. 3. Anything under 50 is contraction. This may have also been impacted by the gm strike as the bureau of labor statistics wrote in the report, quote, within ma
Candidate, she is a favorite of the russians, they have a bunch of sites and bots and other ways of supporting her so far. Kennedy and everyone was like who she takin take talking a, she is not trying to hide a thing, but then one of clintons spokespeople revealed it was hawaii congresswoman, Tulsi Gabbard, she was pissed, called clinton the queen of war mongers, and said she will not be intimidated go. If they can falsely portray me as a trader they have do it to anyone, that is what they want if you stand up to hillary and party power brokers, they will destroy you and decredit your message. Kennedy it is world worth points out, that hillary claimed jill stein was also a russian circumstance set today President Trump came to defense of stein and gabbard. Hillary clinton, you heard of her, she is accused everyone of being a russian agent. Anyone that is opposed to her is a russia agent. Tulsi, i dont know her, but she is not a russian agent. I dont know jill stein,. I think that Tulsi