Welcome to the program our top story the u. S. Federal reserve us cut Interest Rates back to near 0 in an effort to boost the american and Global Economy during the course of this and demick President Donald Trump congratulated the central bank during an announcement at the white house it lowered the fed rate. From what it was which was 121425 and its been lowered down to 020. 24 or point 24 so its 02. 2 for. A big difference its a. Quite a bit of a point. Lets go live to mike hanna now hes in washington and this is really the most drastic step taken by the u. S. Federal reserve since the financial crisis of 2008 i guess it gives you a sense of the shock the coronavirus pandemic is about to cause or is already causing in d. D. s senate also follows weeks if not months of urging by President Trump for the fed to drop its rates virtually on a daily basis the president has been insisting that the fed is airing by not dropping its rates so certainly this now is a major step in terms of cre
Merited in several countries talking about public debt positions being manageable despite deteriorating macroenvironment growth is expected to remain subdued longer than expected remaining muted in a low rate environment supports Economic Activity signs of risk takes need monitoring and indeed action banks in the euro area are all trading negatively there, the swiss banks having resisted. Banks renewed cyclical head winds and reviewed progress. Euro area banks are adequately capitalized, despite the fact, a lot of those european banks trading lower. My colleague is outside the bank now, what isdifferent about this report than the one we saw back in may . Reporter a little more gloomy, i would say. Also the comments on the economic down turn are a little more pronounced also those negative rates to have side effects. I think it is a bit more pronounced than previously it is happening. We are seeing it in certain markets like real estate markets. It will be interesting to see what the Vi
Latest missile firing is being viewed with deep concern here in south korea its the 2nd double launching of short range Ballistic Missiles in less than a week and the 3rd Missile Launch to take place since may in direct contravention of the landmark military agreement signed between north and south korea last september during the period of improving relations that was meant to have put an end to testings like this one south koreas defense minister has said that if the north continues with threats and provocations like this then it would have to be considered an enemy so there has been some very strong words used by south korea contrasting with all of the period of reconciliation that weve had over the past year and a half or so north korea said when it launched missiles last week that that should be considered to be a solemn warning to south korea being very careful not to direct any of its anger all wrath at the americans and that u. S. President donald trump in particular but this do
Make that 1st walk its good to have your insight grima webb in singapore thanks very much for your time sir. The students in Sudans Darfur region her marching to protest against the ruling military junta now denouncing the killings of 5 students in north korea on monday the Transitional Military Council is all of the Indefinite Closure of schools nationwide the head of the joint is claiming protest organizers for the violence. A 2nd case of a bowler has been confirmed in one of the democratic republic of congos largest cities goma is just 2 weeks since the 1st case was found there but Officials Say that unrelated 2000000 people live in the city on the border with rwanda the d. L. C. Is facing the 2nd worst break in history which has claimed the lives of 1700. 00 people but its nearly a year since the latest outbreak began it started in the Eastern Province of north kivu within weeks it had spread to at least one neighboring province by november the outbreak had been declared the worst
Region of marching to protest against the ruling military jointer the denouncing the killings of foreign students in north dakota farm on monday the Transitional Military Council has ordered the indefinite a closure of schools nationwide the head of the jointer is blaming protest organizers for mondays whitemans. A roadside bomb explosion and western afghanistan has killed at least 35 passengers on a bus many of them women and children the blast happened between kandahar and head up and fight a province a provincial government spokesman is blaming taliban fighters for planting the device to target afghan and Foreign Security forces israels security cabinet has approved permits for the construction of 700 palestinian homes in the occupied west bank the announcement comes ahead of a planned visit to israel this week by senior white house advisor jad kushner hes expected to push both sides to join talks at camp david and the lead up to israeli elections and September Harry for surge has t