Gold silver all that stuff here we see some headlines about this you know of course over the past week we saw a big plane hit a new all time high its back up to it didnt die like all the media had said and in fact we had Paul Tudor Jones and we had stan truck in miller then we had micro strategy then we had in our. Black rock lows a big people get into the space and then guggenheim also said now that theyre starting to buy bit coin so turkey has no cure for a gold craze that leaves the lira vulnerable turkey is trying to stabilize their currency which has been plunging over the past few years and part of the problem is that while Foreign Investors are piling in and driving up the layer higher than they had fallen domestic savers Business People and stuff like that theyre piling into gold because theyre very familiar with gold they have a 3000 strong history year history with gold so that is kind of destabilize saying their local currency right well this is the game the Central Banks pl
On the value of its new business, following the fall since it listed the most. We will be joined by the ceo. Reports amid rising u. S. Tensions and fears of backlash from the white house. More challenges may be growing closer to home. Lets get a quick check of the markets with sophie kamaruddin. Stocks with a subdued start, futures lower. Kiwi stocks higher by 0. 2 . At m a, andlooking south korea raising a red flag. In sydney, stocks hit a fivemonth high. Qantas hosting its first loss in six years and warning it will not make money in the next financial year. 2000 after retreating on the fed minutes. The index going since jumping the most since june on the fed. One analyst said he does not think positioning is stretched, but even with broad dollar weakness, asian currencies have underperformed, but record forex reserves are one key reason. Steady afteryuan retreating from a sevenmonth high, retracing gains it has seen since last month. Focus, callsira in for the central bank in turkey
Might be a 2nd time the Global Economy is forced into ben demick induced standstill now many are looking at australia which is grappling with a 2nd wave of corona virus and could provide a look at how to deal with it. In melbourne the police are checking whether people who tested positive for the virus are awaiting test results follow self isolation orders if they dont show up at the door they can face fines as high as 20000 australian dollars. Melbourne home to 5000000 people feels empty all nonessential stores have been forced to close and even essential businesses such as meat packing have been ordered to reduce the number of stuff working at one time theres also unlikely curfew from 8 pm to 5 am. Melbourne is experiencing some of the toughest restrictions in the world. Place rules are there for all of us and now victoria has the right to be out of style well i think all i can do something that no one else is allowed to do youve got to follow those rules theyre incredibly important.
Have to believe in some ways it is being managed. August, but inng no way is the dollar reverting. It gets overplayed by the media. 1. 19. Ere it is, now 1. 1839. Francine the fact that you call this a boring august, i dont know what an exciting august looks like for you. We have turkey, the markets, trade. Your bar for an exciting august is high. Always exciting news. Here is with. Haska Kamala Harris accepted the nomination to run for Vice President with joe budden. Harris told the Party Convention that President Trumps failure of leadership has cost lives and livelihoods. Kamala lets fight with conviction. Lets fight with hope. Lets fight with confidence in ourselves and a commitment to each other. To the america we know is possible. The america we love. The political fight over the post office make clear the way for congress to resume talks on a virus relief bill. Democratic and Republican Leaders are hinting at potential compromises. The white house says it is open to democrats de
Three basis points. 250 on the 10 year yield. Lets turn to all of our top stories. Germany is recording more than 1000 new cases where a day and spain reporting its highest number of infections since april. Theing meet with more is Bloomberg Intelligence director of research. Put these numbers into perspective for us. Obviously they are going in the wrong direction and germany was the the one that poster child of at least severe numberost thanaths per population other european states. The cases rising are not nice to see. I am not complete surprised in terms of what is going on. We have opened the door and we have allowed people to start moving around. We have allowed people to roam around the street and go to beaches, etc. You can tell people as much as you like that we are social distancing and you cannot enforce it apart from closing areas where you where these clubs,spread, bars and etc. Leader haspanish gotten a lot of flak about being on vacation and not taking the same role he t