This is boom bust broadcasting around the world and covering all aspects of our 21st Century Global economy and being brainwashed into christiania is on assignment heres a look at what we have in store for you today the Federal Reserve edging back into the spotlight as the u. S. Central bank is expected to cut Interest Rates again as president has loudly demanded leadership of Euro Pacific Capital is with us to give us his take on this moment monetary moment and what could be in store for Precious Metals plus. Things that do artificial artificial things to profit is up for a while but. We will. We return to singapore for more perspective on u. S. Interest rates. From our own chris. Rogers to get his take on our topsy turvy global Interest Rates are there you know why i put the band. On thursday we got all the news involving the shows all this news involving the shows official favorite musical guest on deck lets go. Trance in atlantic tax fight leads our global report today as apple fil
A 14000000000. 00 bill for back taxes from the European Union on monday the u. S. Based tech giant pled for the 20 6000. 00 judgment by the European Commission that apple effectively benefited from illegal state aid from the government of ireland by means of 2 markable rule Court Rulings that have granted apple a drastically reduced tax burden over 20 years the creation of tax havens has been an ira strategy for luring foreign firms to officially set up business in ireland and park at least some of their assets there apple flatly rejected the order to square up on their tax bill saying it defies reality and common sense and petitioning for an appeal to be heard in the e. U. 2nd highest court the case against apple is perhaps the point of the spear in the e. U. Competition commissioner margaret a vest of years notable effort to apply some basic forms of regulation to some giants of the contemporary Global Economy particularly in tech the results of the apples appeal could determine the
Supreme court. Leaving important details out. From our studio with me welcome to the program. Saudi arabian nights claims that iran was involved in this weekends attack on the kingdoms or refineries and that the attack was not conducted from yemen in the south but came from the north the Defense Ministry announces position and news at a News Conference just over an hour ago well it is live with us for the details what evidence did saudi arabia put forward to support these accusations. Well we heard the press conference from the Saudi Ministry of defense earlier and we also understand that at this point mike pompei o has arrived in saudi arabia for his working visit and he is referring to the attack as an act of war in blaming iran but at the press conference that we heard they announced that they had carried out a thorough investigation and come to some pretty specific conclusions this is what we heard from saudi officials. Not the attorney did not originate from yemen it was moon from
Could move the eurodollar. We also focused on the oil markets. Saudi arabia faces a daunting oil market surplus. Up, they hear from the former lng executive. He proposed a takeover offer by the Hong Kong Exchange and we will have plenty more on the corporate story. It broke about 24 hours ago. They will have a look at the exact response of the london Stock Exchange. Lets get straight to bloomberg first word news. Bloomberg has learned in a show of goodwill that china may resume u. S. Farm inputs. This comes as donald trump says he is postponing a 5 tariff increase by two weeks. The delay causes u. S. Levies on chinese imports at 25 . Sweeping cats from a no deal brexit. Chaos from a no deal brexit. The warnings outlined in a u. K. Government paper. The internal document is called operation yellow hammer. Ministers were forced to release it to comply with the deadline. Law intendeding a to prevent Boris Johnson from forcing through a no deal brexit but he says he is ready to do it anywa
Lets look at constituent movers in regards to all this. This is the position we find ourselves in. The yield one basis point to the upside. Again, we are waiting to hear more with regard from washington as to whether they will be doing anything about trade flows into china. This story has been getting a bit of traction. 7. 12. Aussie 10 year yields have continued to fall back a little bit. Up a couple basis points. The story is the governor of the reserve bank. Keeping his cards tight against his chest, as it were, as we look forward to that Rate Decision tomorrow. 3. 7 . It was priced towards the bottom end of the race. That is the position we find ourselves in. Look atlong, having a some images just coming through. Yvonne what we are seeing here is ahead of the 70th anniversary in china which is the founding of the peoples republic of china. We have some pictures of chinese leaders laying flowers at a monument to heroes at Tiananmen Square on the eve of this national holiday. Take a