Quote, dont go to crowded places. Look, thats going to slow the economy. We dont know by how much. Remember, friday, larry kudlow was on the show, told us that targeted stimulus is being considered. The fed is being urged to take steps, too. Were watching for any announcement. Heres the other big problem. The price of oil is tumbling. The saudis have launched a price war, promising to flood the world with a glut because russia wouldnt agree to production cuts. American drillers will take a huge hit. They cant make a profit at 30 bucks a barrel. 31. 89 right now. Look at this. Money pouring into treasury securities, pushing the yield way down to yet more record lows. Takes your breath away. We were down to 0. 31 at one stage. Now we are 0. 41 . Extraordinary. It has to be said, the United States is in a better position to weather this storm. That jobs report was a blockbuster. Look at italy. Its locking down a quarter of its population, locking it down. That lwill ensure a deep recessio
Freezing hiring sending their shares lower peugeot gives a soft outlook. The tie up is on the right move. This is not a merger on the crisis mode. This is two Mature Companies they know the challenges ahead are very significant and will be in a better shape coming together as we mentioned, the dow has suffered the twoday point loss wiped 1. 7 trillion off the s p this follows the fact that u. S. Authorities warn a pandemic is likely they told americans to prepare for, quote, Community Spread of the infection. The transport sector had its worse day. Energy and tech more than 10 off recent highs tech off a record close one week ago across the major indices were much higher than average. We look at what is looking likely all three of those at the moment looking to trade down at that market open. As investors took money out, they were looking for safe havens which says u. S. Treasuries were in the yield hitting an alltime low. The 30year as well. Just know that investors did flee those in
No change in the lpr. No real effect when it comes to the cnh, the offshore renminbi. 6. 86. Maintaining the gains we have of late. The euro weakening. Keeping an eye on crude. Oilared by the National Company after saying it was commandersone of the of one of the civil war activists from exporting. Got oil field disruptions taking place in iraq. What else is happening in beijing. We join selina wang for the first word news. Selina thank you. The former white house economic director gary cohn says he sees no recession predicts the economy will continue to grow as we move towards novembers election. While president trumps tariffs produce the phase one trade deal they inflicted some damage on the american economy. I dont think we would have gone to a different outcome. I dont think the outcomes helped us get to a different outcome. Did it hurt the u. S. . Its. Totally hurt United States the u. S. Economy is very strong, employment is great but we are missing a big component. Were missing
Millions of ryall that he stole and he looks like hes going to finger some judges that were involved in this mass Corruption Case so this has been a problem of course stifling growth in this economy because of course with Foreign Direct Investment and other sort of investors they do get concerned that you have to pay off and this guy was paid off millions of dollars and cut kickbacks for you know allocating various contracts for example Building Infrastructure in rio right so is there an attempt to really crack down on the corruption and if so it could be like a court of Scotch Whisky moments remember during russias transition to a more free market. Country they got rid of the oligarchs are trying to get rid of the oligarchs and course coffee was a high profile example that this could be similar there are dozens and dozens and dozens and dozens of people its not just this guy was a politician so theyre cracking down on politicians and the politicians receiving that kickbacks from major
Trump tweeting this out without informing him 1st yeah he was totally in shock with those tariffs that were applied and thats the world of trumps of also don is to get with the program i also want to say like when we arrived at the airport here in Rio De Janeiro it like 3 in the afternoon i was surprised that we route literally the only 2 in the immigration line quite a few behind us had you know gone through the International Transfer line but nevertheless it was much quieter than i thought it would be i expected like boomtown this is a Southern Hemisphere for their summer are winter up north i thought it would be more people here more tourists and something that i wasnt sure where that was about but it was quite shocking yeah i was shocked to learn that actually in Rio De Janeiro its not really a big boom we touristy place and that would be an area of potential growth right i mean its very famous people the idea of coming to rio and on the beach and all this stuff is very in peoples