Chairman Jerome Powell will update the committee on Monetary Policy develop and the state of the u. S. Economy. It has always been four months since the last Humphrey Hawkins hearing, but we are seeing a different economy today. One that has been racked by the physical and Economic Impact of the covid19 pandemic, and ensuing shutdowns. Chairman powell, you have stated that the Federal Reserve is strongly committed to using our tools to do whatever we can and for as long as it takes, to provide relief and instability to ensure that the recovery is as strong as possible. Additionally, the fed has purchased more than 2 trillion in treasury and mortgage began ins since midmarch. Because of this, the Balance Sheet has expanded to more than 7 trillion. Congress, the administration, and regulatory agencies have taken action to protect and stabilize the infrastructure of our Economic System. The cares act has been central to that effort, and recent stats indicate that our labors are working. I
Across the americas. Texasa sees a record as says covid19 is spreading at unacceptable rates. The u. S. Raises the pressure on Chinese Media organizations, foreigning four more as missions and calling them nothing more than began to outlets. Shery lets get you started. We are seeing u. S. Futures kicking off trading flat at the moment after u. S. Stocks rose. A pretty choppy morning session but technology did manage to lead the advanced. The nasdaq composite rising to a record high, seventh consecutive session of days. The longest winning streak since december. We did get some negative sentiment on rising coronavirus cases in dozen states. The s p 500 did lag this gain across the board. Some sectors like financial and health care under pressure as investors weigh the Economic Impact of a second wave. Take a look at what oil is doing at the moment. Wti right now falling towards the 40 a barrel after finishing at the three month high. We have some demand optimism as states have moved tow
A survey says more than half their nts will keep children at home. Hong kong stocks see a rally from u. S. Holds off tough sanctions. Ain line equities are unfazed by the unexpected pull jack. Good morning, everybody. To the markets straightaway. Well show you what weve right the futures now. This is a picture for you. Futures certainly suggesting strength some coming from the european equities session. We have a little bit of catchup to play in the but not to the extent that we see futures bouncing in europe. Some expecting strength perhaps in relation to the opening up story. Far fingers crossed, all fingers crossed. Well keep alert definitely to a second wave and talk to our guest about the subject. Some catchup with the u. S. U. S. Futures look a little more sanguin, of the y very aware violence thats been taking place. Weighing on investors minds no doubt although equity markets seem to be last from this story week. Well see whether that lasts. Thats what weve got in erms of the f
Outbreak has slammed a number of sectors especially the Music Industry which thrives on Live Performances we bring you expert insight on the topic with a packed show today so lets dive in. And we lead the program with the latest on the contentious relationship between u. S. President donald trump and twitter now the tweets in question today as unrest in minneapolis minnesota escalated thursday evening as protesters broke windows and scaled a fence and eventually set fire to a Police Precinct station in the city demonstrators have taken to the streets of the southern portion of the city for days following the death of george floyd who died in Police Custody while handcuffed as an officer pinned him to the ground with his knee while floyd said he could not breathe now this sparked protests throughout the nation as well friday afternoon Derek Shaaban the Police Officer who held his new deployed snack was taken into Police Custody on 3rd degree murder and manslaughter charges. In a tweet p
We saw a stronger fix, some signs of trying to anchor the moves we have seen. Watching the likes of indonesia coming online. We are looking at another day of gains for jakarta. Hang seng, slightly under pressure as we wait for the npc to vote on that National Security legislation this afternoon. Former,ei is the upper seeing a fourth day of gains for Japanese Equities on the reopening. Currencies, hong kong dollar is the focus. You look at pokechecked seeing 775 but speculators are out there. The korean won seeing weakness. And then going lower after the bok cut rates for the record low. Lashed their growth outlook. You look at the weakness in the renminbi, that is not really translated. It is pretty much unchanged for some time. We are watching the euro as well after we saw some fiscal stimulus plan, it should be a big deal for the currency, the euro hitting the strongest level in two months. Watching oil which did extent losses, saw a surprise jump in the u. S. Crude stockpiles with