Sovereign bond markets are starting to reprice, with yields heading higher. That gives pressure to equities, but we are seeing the csi 300 up 6 10 of 1 . The dollar has been mixed against asian fx. The korean won is losing strength. Show you whats going on in the bond market, there is glaring red. Its what we saw in the 10year yield, back above 2 , well back above that. Franklin templeton, dont underestimate how high the yields can go. They are saying 3 is possible. Youre seeing that movement in the aussie and 10year, up 11 basis points. Just a slight move when it comes to jgbs, negative. 13 basis points. Ahead of export and import data coming out of china. Take a look at this chart, what we are talking about, imports, soybeans in particular. Basically whats been going on, President Trump is complaining now that resident xi jinping is not delivering promises of buying agricultural products. Guess hes right because you see the downward trends but the last couple of months or so, we saw
Thought. Meanwhile, the president faces pushback from the chinese for those business deals with taiwan. The chinese are vowing to push back with tariffs of their own. The tier four continues. The Business Community against those tariffs. Strongsident setting the Economic Growth market despite fed policy. David we will turn back to china in a moment. Will the president have one less soldier in his army for the tariff war . That is wilbur ross. Facingwilbur ross questions, according to nbc news, questions about his future following reports of the senses question the census question. The president thing the commerce secretary should try to get that no matter what. This is one of those issues that the Business Community is at odds with the administration over. Their apprehension over the Citizenship Question being added to the census because of how it would impact their ability to make economic forecast. David thank you so much for reporting from the white house. Lets turn to Damian Sassow
A mediations so theyre introduced because they look like bills they look like they look like money and so i believe that may result in to use them and thats actually what they mean for the proposer stock sure yagi they mean no reason to introduce them is that in this way people get used to seeing pieces of paper that look like money buy and not curious so theres no intention of leaving the euro on abutting you had to leave that you are this would be people be already used to seeing pieces of paper that are not curable that can be used for payments. To be clear the country that you were Prime Minister of for a few days back then theyre about to be disciplined by the European Commission over over violating the debt to g. D. P. Ratios how would bought help the Italian Government in being. Able to finance the economy and maybe escape what many believe is a kind of European Union straitjacket it will be no oil demeaning bought our debt like any other form of debt so issue printing them does
Is now what is warranted a european wide refusal to abide by i. M. F. And e. U. Economic straight jackets and will the outcome be profound geo political realignments that impact not only on the future of the e. U. But global responses to events as far afield as Venezuela Iran and hong kong because despite attacks on european nations like britain and italy from washington deals are being done to the consternation of the usas military Industrial Media complex is the arguable horror and bloomberg take on a visit from chinese leader xi jinping to room why is this such a worrying potential agreement for the u. S. And particularly for european allies its the new silk road on the symbolism i was speaking to a u. S. Official and they were saying its the symbolism of its any signing up a major country. 7 country to do so far. Hearing for a role in belton road which is felt in washington that opens up. The silk road to to the heart of europe well joining me now from washington is easily former P
Determination as to whether or not the president did commit a crime, under longstanding Deputy Department policy, a standing president cannot be committed of a crime while in office. Kennedy constitution does not allow a sitting president to be charged. That is good enough for the president who tweeted, nothing changes, there was insufficient evidence, therefore in our country, a person is innocent, case is closed thank you. White house lawyers echoed president s sentiment as did Vice President pence, democrats, they did not agree with that. And for many impeachment is still very much on the table, watch. With respect to impeachment question, atthispoint all options or the table, nothing should be moved out, Robert Mueller said loud and clear, President Trump is lying, when he says no collusion, no obstruction, he was exonerated. All right, House Speaker nancy pelosi a little more restrained. Were legislating, were invesinvestigates and were litigating, were going to make a decision do