Terrible composite pmis from the region. Oil continuing that recordbreaking rally yesterday. Some delegates a little bit more optimistic about getting deals done. Now i want to update you on our top stories from our new york team. We want to begin with europe. Thentioned the economies in slump of unprecedented scale, pointing to a contraction of about 10 . Bloombergs Michael Mckee joins us with more. Good morning, mike. Michael we are getting to the point where Economic Data are almost irrelevant to investors. Yeah, it is terrible. We know that. Weve traded it. Thats why you are not seeing a huge reaction in equity markets in europe because it was largely expected. It is sort of exactly what you think wouldve happened. Services pmis and composite pmis just falling off a cliff. The story in spain and italy there, but also france and germany. Those economies have basically shut down. Economists try to put a number on what that means, and that is where you get that 10 contraction figure,
And well bring you the story of the asian ice man, whos finding ways to indulge his passion at his kuala lumpur home. Good morning. Its 8 00am in singapore, 1 00am in london, and also 8 00am in hong kong, where the territory has experienced a tenth successive weekend of clashes between pro democracy protestors and riot police. Tear gas was fired after two petrol bombs were thrown near the main police headquarters. Earlier, beijing warned britain not to interfere in hong kongs affairs, after the uks foreign secretary dominic raab suggested there should be an investigation into ongoing violence against the pro democracy movement. From hong kong, heres jonathan head. This is how it starts every weekend now in hong kong. Theyve turned improvising barricades into an art form. They work with impressive speed and coordination. Theres never much time before the police arrive. These confrontations are now a familiar routine in hong kongs streets. Generally, the protesters retreat, avoiding dire
depositors president biden in remarks this morning addressing the moves by his administration america s going to have confidence that the banking system is safe your deposits will be there when you need them. i instructed my team to act quickly to protect these interests. no losses will be born by the taxpayers. i ll break it down with larry summers. the president s heading to san diego this hour with meetings where the british prime minister and australia s leader, highlighting the sale of nuclear submarines to our allies to counter china s indo-pacific power. and donald trump heading to iowa today following the footsteps there with likely challenger, ron desantis and days after his former vice president, mike pence, made his most critical comments yet over trump s role on january 6th. good day, everyone i m andrea mitchell in washington depositors at the failed bank breathing a sigh of relief after the u.s. government led by the treasury department, federal reserve,
To the account. Modares judicial unit, mr. Sadeghi fard, thank you thank you for the work done. Saying goodbye to you is not acceptable to us in the constant explanation of mr. Mr. Dr. Sadiq because they themselves said that in fact, i have to go there. You can ask them for a refund from the system. And let them be seasoned so that they become a system. In fact, these problems are just for the hands of all these companies. I have all these devices. They open their accounts in one day. Therefore, the device is their own place. I think the documents and documents that i want to present are the problem and the daily treasurer gives this money to systematic form in the whole country in Money Transfer it works and there was no problem. You mentioned at the beginning of the conversation that some names in some devices and institutions are still not connected to universities of medical sciences. Some of them have a high number of accounts with a balance of 3, and some of them with a significa
Program everybody. This is countdown. I am anna edwards. Let us start with what is happening in u. S. Interest rate markets. What expectations there are around the fed and around Janet Yellens speech at jackson hole today in wyoming. I will pull, the work function of working at the probability of a rate hike factored into markets, the probability for september, 21 september, 32 . That is the probability of a rate hike, increasing to 57 on december both of those numbers have been creeping up, if you go we actually saw the doubling of the chances of september hike. They had been moving slowly back, suggesting that increasingly investors are factoring in the possibility at least of a rate hike in september. Let us get the risk radar, waiting for Janet Yellens speech and wyoming, 3 p. M. London time. This is very are on various Asset Classes, msci asianpacific down to percents of 1 . Nearly twoweek low. The dollar against the yen fairly flat, yen fluctuating in the wake of that japanese in