Radio and Bloomberg Television across this nation. It is not a usual august. It is highly unusual, different from 1998. Certainly some of these trends are draw dropping are jawdropping. Bonds participate. It is decidedly risk on. Lisa although you have to say, when you got a 10 year yield below 1 , to say it is a decidedly different tone with yields going up indicates just where we are in this cycle. I will say, also important to note that is yields rise, bond prices down, you are seeing real yields remain deeply negative. Tom deeply negative and plunging right now. 1. 00s the right word, at and now at 1. 03 on the u. S. Tenyear. That is a really extraordinary drop. Saw,own near the lows we but this will be a huge theme. What will you listen for from chairman powell on thursday . Lisa basically, how much they are going to keep yields low and how much they perceive themselves looking at the reality of the economy today. I really think it is important to note that even as yields move up,
Around 250,000. The u. S. Planes china. Blames china. Warren buffett bails out of u. S. Aviation. He says the coronavirus has changed the Airline Industry forever. Shery breaking news out of south korea, getting Consumer Price inflations. It is an deflation territory. This is now a contraction of 0. 6 . This is a bigger decelerations when itt was expected. Comes to the year on year figure, a little bit better, still accelerating, 0. 1 . Suffice it to say there is a lot of pressure on Consumer Prices and we have had social distancing measures continue to dampen command demand. You strip out a little bit of energyactors including factors, cpi still accelerating 0. 3 but missing expectations. This would lead to more pressure on the bank of korea to do more. Bloomberg economics expecting a 28e cut as soon as the may meeting and further measures to bolster liquidity. Look at how markets are trading, seeing Downside Pressure for kiwi stocks falling more than 1 , the lowest level in more than
Aviation. He said the coronavirus has changed the Airline Industry forever. We are getting breaking news across the bloomberg. We have westpac earnings and details with regard to the dividend policy. The first half including special, 2. 2 billion australian, net margin with regard to that decision on the interim dividend, differing a decision to be made deferr ing a decision to be made, looking at the impact of the coronavirus slowdown and the credit loss provisions as well. They will move smaller scale businesses into divisions so it looks like restructuring effort. The cash profit, 933 million. The decision to defer the policy. Looking at u. S. Futures dropping in the asian trade. Shery adding to declines we saw friday, on the back of abysmal economic data, not to mention profits earnings from u. S. Companies. Futures are falling more than 1 . Sincet saw the best month 1987. When it came to world stocks, it was a rally of 10 for the month of april. Oil declines, probably more than 3
Conference today on north korea. As we think about what might be coming down the road on the Korean Peninsula and the broader region, its very easy, i think, to succumb to the temptation to be pessimistic. In fact, as we sit here in washington today, it seems like theres all kinds of reason to be pessimistic. We seem to be facing on the home front a variety of challenges. Were in the midst of a wrenching president ial impeachment process. The broader country seems to have some deep cleavages societally. We have a big problem with mutual distrust in the country. When we look abroad internationally, the headlines we were reading this morning suggest we might be on the brink of a very dangerous war with iran. We last week read about the development of hype tr sonic weapons in russia and coupled with the demise of arms control and the return of great power competition, it looks like the world is getting ever more dangerous. Even American Relations with some of our longstanding allies seem
Can everyone hear me . Id like to go ahead and get started. Good morning and thank you all for coming. My name is george bebe, im the vicepresident and director of studies here at the center of the National Interest. I want to welcome you and thank you all for coming to this Conference Today on north korea. As we think about what might be coming down the road on the Korean Peninsula and the broader region, its very easy, i think, to succumb to the temptation to be pessimistic. In fact, as we sit here in washington today, it seems like theres all kinds of reasons to be pessimistic. We seem to be facing on the home front a variety of challenges. Were in the midst of a wrenching president ial impeachment process. The broader country seems to have some deep cleavages societally. We have a big problem with mutual distrust in the country. When we look abroad, internationally, the headlines were reading this morning suggest we might be on the brink of a very dangerous war with iran. We last w