Im anna edwards. Im rishaad salo. Anna fascinating markets this factor we increasingly in less chance of a fed Interest Rate hike in september, that seems to be many of the equity markets are basing their move on. On throughnvestors where we have been. The asian stock market picture. We have the hang seng up by 3 10 of 1 . The asiapacific up by 3 10 of 1 . We have the aussie dollar up by half of a percent. The Australian Dollar increasing even before we got the Interest Rate decision, increasing for a sixth day. No change from the rba. We will discuss that a little later. 1. 9 as markets weigh up this commentary and agreement of sorts between russia and saudi arabia. We heard about it in the middle of the european trading day, but markets talking about those efforts to stabilize oil prices. 1326. Ice is stable at lets get the first news. The Australia Central Bank has kept Interest Rates at hold as they await the u. S. Federal reserves next move. The board left the cash rate at 1. 5 .
Lets start with a section about preschool in japan. There is such a conversation about universal prek, that is something that is not possible in japan. Why . Ellen there is this big shortage of women in the workplace and the Prime Minister is hoping to get more women actually working, and more women would like to work but there is a huge childcare issue. There are not enough Nursery Schools and the Nursery Schools are just sort of mired in regulation, and the teachers are paid very poorly so the teachers are constantly dealing with paperwork, etc. They do not want to do it anymore so they are trying to recruit more teachers and they in fact are building more nurseries schools, but it is tough to make it all come together. David high yield investment programs, something i have not heard of before, talk about about that. Are online programs that invest in various things and promise really outrageous returns. Really many of them are ponzi schemes so they are paying old investors with new
Climbed the nasdaq has it did climb to two straight days, but today it is pulling back. Julie i want to break it to bring in some breaking news. The company is expanding its. Ermatology business a continues to pursue its takeover of monsanto. All of this according to people familiar with the situation and justding to news that given a bloomberg. The shares are down about 17 year to date. They sell a little less than 1 in todays session. That too it is going on in the u. S. , a little bit of a pullback in u. S. Stocks. Do with mario draghi, indicating that there will not be any more stimulus, at least not immediately. And that cause a little bit of a selloff in europe and has extended to the u. S. As well. That is coming despite the fact that energy is performing well he very well today. An unexpected drawdown for oil. Drawdown,n unexpected at the biggest one since 1999. 14. 5 Million Barrels declined in inventory. That explains the uptick in oil prices, now about 47 a barrel. We also c
In a german newspaper interview. Durables just ahead of estimates and still looking for definitive headlines out of opec. Inventories at 10 30. Yellen back on the hill answering lawmakers questions about the banks, what shes expected to say about the troubled sector. And speaking of banks, wells fargo ceo john stumpf is forfeiting 41 million ahead of his next appearance on capitol hill tomorrow. And what should you expect as an investor . Shares of nike falling in the premarket on yesterdays earnings numbers. Whats dragging that dow component down . But first, a lot of news involving the banks today. Wells fargos john stumpf to forfeit 41 million in equity awards while the companys board investigates the banks sales practices. Deutsches john crion saying the bank did not need increase or capital interest. About an hour from now fed chair yellen will testify on Bank Supervision and regulation before a house panel on capitol hill. Of course when she starts making headlines, well try to t
Woodruff all that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by love me tender love me true we can like many, but we can love only a precious few. Because it is for those precious few that you have to be willing to do so very much. But you dont have to do it alone. Lincoln financial helps you provide for and protect your financial future, because this is what you do for people you love. Lincoln financial youre in charge. Bnsf railway. Xq institute. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the name of the game i