That are against sanctions against iran. And leaked documents outlining 2 trillion worth of transactions and a failure by banks to catch suspicious funds. Its is one bank named and shares fall to a 25 year low. We will come back to hsbc in a moment. A very good moment. 6 00 a. M. Where you are. I am. One 9 00 a. M. Where china and the yuan and the e. M. That whole narrative plays into markets. As you look into the fx story. China will grow and it will be the only g20 country to grow. If youre waking up in the city of london today, you are questioning whether or not we will see another lock down. Radioyor talking to lbc saying he will potentially talk about fresh restrictions today and we have the u. K. Chief medical officer saying the u. K. Is at a critical point. A balancing act for the government. What do you do with restrictions while maintaining the economy . Indy. Indeed. Setting the bank of england on a different path for a status quo mission. Bifurcatione is a and i do like that
Stabilityas brought he brought his three arrows around Monetary Policy, fiscal policy, economic reform area how long will those policies be . Arried on in japan it is certainly something moving fx markets. Tom our Stephen Engle with us in a bit. To 1955, between essentially the rural party, the natural lbp party, and the parliamentarians. Mr. Abe has straddled that divide for many, many years. With our news in new york city, heres what heres ritika gupta. Ritika the longest serving Prime Minister in japans history is resigning. Shinzo abe is stepping down after eight because of Health Reasons after eight years because of Health Reasons. Reports say he has been undergoing treatment for a chronic digestive condition. He agreed to stay on until the ruling party picks a successor. Donald trump made his case for a second term last night at the Republican National convention. He promised to create 10 million jobs in 10 months enter in the u. S. Into a manufacturing superpower. Pres. Trump in
With breaking news. Joe biden has selected senator Kamala Harris as his running mate, a historic pick. The california senator becomes the first black woman and the first Indian American ever on a major party ticket. Shes also a former rival who wmously clashed with biden over racial issues in the first democratic debate. Bidens Selection Process was cloaked in secrecy, and his choice didnt leak out until supporters received a text from the campaign. All of that, sources say, was made easier by the forced social distancing caused by coronavirus. Tonight, theres also breaking eews in the world of college sports. In yet another reminder of how the pandemic dominates american life, the big 10 and pac 12, two of the nations Biggest College sports conferences say theyre punting, postponing all fall sports until next year. Its a decision that could have a Ripple Effect nationwide, costing schools and businesses billions. And theres a troubling new study out tonight showing just how long covid
Enough. Putins vaccine play the russian leader say co and irey t. In ora geopolical ploy . Seetervice shootout new details on the suspect that forced the president from the Briefing Room and put the white house on high alert. Blast zone the enormous explosion in baltimore captured by a doorbell camera. As the death toll rises, what were learning about a possible cause. Held at gunpoint three teens lice treated eated them like criminals after they were threatened by a man with a knife. The growing outrage tonight. And dont give up the ship. The u. S. Sailors who lived that motto when flames threatened their vessel. This is the cbs evening news with norah odonnell, reporting from the nations ca brennan good evening to our viewers in the west. And thank you for joining us. Norah is off tonight. Im margaret brennan. Were going to begin tonight with breaking news. Joe biden has selected senator Kamala Harris as his running mate, an historic pick. The california senator becomes the first bla
Michael mckee is here to help us break it down. Michael good news for those who hope the economy is recovering quickly. Atufacturing pmi comes in 54. 2, and the ism forecast of 53. 6. Take a look at the manufacturing new orders index, up to 61. 5 from 56. 4. At 62. 1,ction number from 57. 3. So a big increase in new orders and production that hopefully will keep the economy going. We heard Robert Kaplan this morning saying he thought things had turned around and slowed down. Manufacturers at least through part of july sam some good news part of july seeing some good news. The one thing we dont have is payroll friday, the ism employment number still comes in pretty weak. From 42. 1. If you incorporate that into your models, it might weaken a little bit what people are expecting for friday. Alix i am glad you said that because in europe, part of the conversation after the positive pmi was the employment and jobs picture doesnt look so good, but we are not quite there yet. I am wondering