Of the council on foreign relations. Her fourth book is a revelation. Who acts next in this backandforth . Jonathan the administration has been dancing around the issue of the trade deal announced back in january. The president has stopped dancing around the issue. It means much less to me. He repeated that about three times in a News Conference yesterday, and i wonder how that message evolves in the coming weeks and months. Tom i thought it would be a lazy friday, and i was wrong. Let me give you two quick ideas. Of thew the donnybrook republicans in washington. That will be china as well. And we have statistics which speak to the summer of 2020. Honeywell is without question one of the best run companies in the world. They organic Revenue Growth was 18 . You dont need to know anything else. Jonathan we will get the earnings a little bit later in the program. Equity futures slightly negative. Gold very much in focus, approaching a record seemingly at one point this morning. Lisa it ha
Is honored at the capitol where he served for more than 30 years. How his colleagues and future leaders are honoring his legacy. And safe to ride . Electric moped rentals are on the rise during this pandemic. How a series of rececent accidents, including one that killed a tv reporter, is leading to new questions about their safety. Very scary stuff. First, heres todays eye opener. Its your world in 90 seconds. The Moderna Vaccine has officially entered the final stage before approval. Theres never been anything like this in terms of speed. A huge leap forward in the development of a vaccine against coronavirus. We go from not even knowing what the virus was in early january to a phase three trial is really record time. Republicans unveiled another covid19 relief bill. It would reduce emergency benefits from 600 a week to 200. What the heck is going on . A Top National Guard officer will testify before a committee disputing the white houses account of events that led to protesters being
U. S. . Moving on to some currencies, dollar weakness is still a trend at play. We are seeing that play out for the offshore cnh strengthening at around seven. In terms of the yen, 106 is the crucial level for that. Higher option volatility. In terms of hong kong, we are focused on the newtek tech index as part of the conversation. Aussie dollar currently up. 3 . Dollar weakness very much part of the play there. Lets look at what is happening with gold. It has been on a tear, and we are getting close if not touching now record highs. Gold futures above those record 1944, close to 1 gfain gain in terms of futures. I believe the record was around 1923. Looks like we are about 1 or so away from that record price. Its 1923 or 1921. Anyway, we are edging close to that record price. Weakness. Lar silver gaining close to 2 . The 10 year in the u. S. Yield is a little below 0. 6 . Rish. Rishaad were going to bring in banny lam. Welcome to the program. We just outlined, at least tom did, outlin
A whole bunch of other smart people set lower for longer. That is the message this morning. Futures up 19 but to me, the story is the bond market. As you know, those huge negative and persistent real yields. A range of assets and securities, it is interesting to see dollaryen breakdown. Still, equities are firmer on the day, futures up by 6 10 of 1 . We do this going into a battle down in washington, d. C. As long as it is just about size, we will have an agreement. These negotiations are now about thats great, but that means there is a timeline and i dont believe we have the luxury of a timeline because in the state of ,he economy, the unemployment the economic dynamics dont give you a comfortable august. Dont. Incentive to say we not negotiating until you negotiate. Right now, looks like new market is not picking up on it. There are some real nuances, maybe start off gold. Treasury yields down a basis point. Weve broken out of that sticky range for 0. 58 . The lows very much insight
And its tightening border controls after detaining suspected russian mercenaries accused of attempting to disrupt next months election. Also more trouble for the Airline Industry the worlds biggest plane maker a net loss of 2200000000. 00 in the 1st half of this year. And yet again just go with the sports world number one ashley party pulls out of the u. S. Open saying the risk of catching coronavirus right. Into the program we begin the news are in whole call opposition politicians have been disqualified from running in septembers legislative election leading prodemocracy activists joshua warmed is one of those disqualified he says it shows a total disregard for the people of hong kong authorities said asked the candidates about their views on. Beijings National Security law and u. S. Sanctions now the move has been denounced by the opposition as a political witch hunt and for the 1st time in Hong Kong Police also use the National Security law to crackdown on prodemocracy activists on