Flight from siberia to moscow. What we know is he is one of the people that has been writing the most, accusing the government in charge of corruption. T we do not know what was what we dont know is who was behind it. This could be Vladimir Putin cleaning up the place. He had beenow if poisoned, we have to wait but there is speculation out there as it could have implications for investors. Tom one of the stories our team from moscow is looking at as they look west of belarus. Much more. Ritika gupta. Senatorthanks to Kamala Harris has accepted the nomination to run for Vice President. She targeted President Trumps lack of leadership. Lets fight with conviction. Lets fight with hope. Confidence inth ourselves and a commitment to america tobe the america we know is possible. The america we love. Ritika meanwhile, president obama told the Convention President trump has not grown into the job because he cant. The political fight over the post office make clear the way for congress to resum
I would point to a couple of Opinion Pieces that have opened my eyes about the risks in the South China Sea and possible skirmishes or tensions. We focused on the premier of china addressing in a press conference the National Peoples conference and we heard from Tom Mackenzie that this is not the forum for him to address what is happening in hong kong with the strong response from the u. S. Tom our conversation moments ago from lord patten, the 28th governor of hong kong for the united kingdom, his clear message is what is needed is a coordinated response, not every developed economy for itself. Right now, our first word news. Havea lawmakers in china defied the threat by President Trump and passed a proposal for National Sweeping security legislation aimed at hong kong, curbing potential freedoms in the city, a day after the u. S. Declared hong kong was no longer a tana miss. Autonomous. U. S. , milestone for the more than 100,000 deaths from the coronavirus, the worlds highest death.
This as crude is also getting a lift. We were talking about the deal between the opec members cutting back supply. Take a look at the high yield etf, this as the fed says they will support the fallen angel market, those credits downgraded on march 22 from bbb to bb. Take a look at this curve. Yields on the front end falling after thesis points fed said that they would expand their facility program, buying shortterm notes from issuers as they engage in some deficit financing. I want to bring in our next guest. He has been talking about bears in hibernation as the fed is trying to increase that 2. 3 trillion stimulus program. Some of the small and midsized businesses. Some of the jobs numbers this morning. We got reaction from fed chair jay powell. He spoke earlier. Take a listen. We are deploying these lending powers to an unprecedented level, backed by the congress and treasury. We will continue to use these powers forcefully and aggressively until we are confident we are solidly on th
White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is
Catching the safe haven bid. Down by. 6 . I find it ironic that the missile was fired over japan if the yen is the safe haven currency of note. Gold up by. 8 . The highest since the election of last year and the vix jumped by about 20 . The good safe haven move happening all across markets. We are joined by Stephen Engle from tokyo and on the phone is. Aniel tenenbaum he provides regulatory Crisis Management support to Global Financial institutions. Youre on the ground. I want to hear whats happening with you first. What has happened in the last few hours . Has convened his second Emergency National Security Council gathering with his ministers of defense. To discuss their options. This after shinzo abe had a 40 minute conversation over the tone with President Trump calling this a grave threat coming from the North Koreans. Shooting intermediate range Ballistic Missile. Around area north or pyongyang that flew over japanese soil across the Northern Island of hokkaido early this morning