Am Kathleen Hays in york, welcome to daybreak asia, related stories this hour, monthly suggests the recovery is continuing. The Bloomberg Economic saying recovery above three point five percent. Nancy pelosi says a deadline for stainless steel well President Trump calls for a big spending package. Central bankers worn support will be needed for some time to come and new zealand stocks rise in the kiwi strengthens after the historic victory. Labor has the seats to govern alone, but she is considering a new coalition. Haidi taking a look at markets in asia we are setting up on a pretty cautious note when it comes to trading in the trading week here in asia, however we are looking ahead to Third Quarter gdp out of china with investors and traders came to see what the expectations were for this study growth were to continue. We are expecting numbers of about 5. 5 when it comes to economic expansion. This is our way of seeing into the first couple of minutes here in sydney just about two pe
Official cash rate being kept on hold, 0. 25 . They are prepared to provide additional stimulus. Just keeping you crossing these additional lines coming through. Monetary policy needs to support the economy for a long time. The economic recovery is on track. The funding may be ready before the end of the year. There is progress being made on additional monetary calls. There has been a rise in unemployment and an increase in firm closures. These lines crossing the terminal now. They kept that cash rate on hold as expected. Just keeping calm and carry on. You mentioned that november review of the Monetary Policy tool. A lot of questions that they will deploy are negative Interest Rates. This is what the market seems to be pricing in. You see that new zealand 10 year yield ever so slightly get into those record those for yields right now at 47 basis points. Lets check the markets to see what else we were expecting. A lot of central bank action. At these newg zealand assets right now. We a
Annualized basis. Slightly less bad in the estimates. They do expect a contraction of more than 20 . Nonetheless, the nikkei up 2 . You looking at u. S. Jobless claims and payroll, adding urgency around stimulus in washington. The snp active futures in the u. S. Up 1 10 of 1 . The dollar still a big story in terms of the weakness. 6. 97 . Offshore at stronger data suggesting the economic recovery in China Remains on track your the bloomberg dollar index flat. This is what is happening with the dollaryen, flat essentially. The pound on a tear. Have a the boe that will meeting thursday and no action is expected. We will look at some of the commodities as well. 56,10 year yield below yelled at 55. Today we are expected to get details around a treasury in cash issuance and the economic recovery plans in the united states. Thats whats happening with oil at 43 a barrel, down 6 10 of 1 . Lets get to first word news with Karina Mitchell in new york. Karina global coronavirus cases have topped
Opposition to this march to georgias capital block entrances to parliament as they snap elections. On the United Nations says Greenhouse Gases in the atmosphere reached a new high. And im we are hearty and doha with sport politics aside saudi arabia and the u. A. E. In their football teams on a direct flight to doha for the gulf cup a 1st in the neighboring countries imposed a blockade of qatar in 2017. Below a hearty welcome to the program top story the United Nations is calling for calm in the democratic republic of congo after hundreds of protesters in the eastern town of benny stormed un buildings and set fire to the Mayors Office at least 4 people were killed by gunfire during the clashes though the United Nations denies that its peacekeepers shot it demonstrates is but people say they are angry at the government and the u. N. Mission for their failure to stop the rise in deadly rebel attacks in the region. Now reports. Imo this is the moment protesters in beni were shot from insi
Faint memory of that day when we once were relevant in basketball. Ill note you won this year at uva because of a guy from indianapolis. Lets not forget that. Amy has just published, her book is right here. The book is title em bbattled freedom. Its published by the university of North Carolina press and part of the civil war america series. Amys had a pretty good year, id day. Sit tight. It will take a while for me to tell you all the awards this important book has received. Its received the 2019 Tom Watson Brown prize from the society of civil war historians. 2019, avery craven award. The john book prize as well. Youve cleaned up. Congratulations. Its well deserved. This is a very important book. Amy is not only a terrific scholar, shes an excellent teacher. You received a Teaching Award from the university of kentucky. It is my pleasure to introduce to you, amy murrell taylor. [ applause ] oh, my goodness. That was kind. Thank you. I was thinking back to my junior year in college wh