Charles evan calls for credibly important government stimulus. Australia heads into Earnings Seasons amid the first recession in decades and a virus pandemic that is crippling the economy. It promises to be one of the most challenging periods on record. Here is how markets are trading. We are seeing u. S. Fewer sugars u. S. Futures under pressure. We had ask leading u. S. China tensions fan yelling fanning the data. The bloomberg dollar index flat at the moment. This after a fifth consecutive weekly decline that will be the longest losing stretch since january of 2018. The offshore yuan is flat at the moment. This after the yuan led declines in asian currencies. We have President Trump moving to been tiktok and we chat. Hang seng futures down to tense up 1 . Under pressure from the last two sessions. It is a thin trading day. Singapore and japan are closed. We have a china data blitz that could be confirming the recovery we are seeing. We have ppi numbers. Not to mention retail sales a
The eeman foundation. By judy and Peter Blum Kovler foundation; pursuingions for americas neglected needs. And by contributions to this pbs station from viewers like you. Thank you. Intha simmons. Police 15 people have died at least 15 people have died after a flight crash landed and broke into two at an airport. The Lebanese Movement hezbollah has denied any involvement in the blast in beirut. [inaudible] Record Numbers of migrants crossing English Channel with pressure of local counc s today, we will be taking 23 young people into our care. Samantha lockdown measur fecting pars of Northern England have been extended in lancaster because of a spike of coronavirus cases. At least 15 people have died and many more are injured after an india jet with 91 passengers on board crash landed at an airport after arriving from dubai. The plane split into o on impact. Several passengers have been injured after the jet overshot the runway. The flight was a Repatriation Mission i fian stuck oversea
At least 16 people have been killed. And hong kong chief executive carrie lam and 10 otherr officials s are sanctiononed bye u. S. Over a contntroversial securityty law. A familiar setting and a familiar story for World Champion lewis hamilton. He set the pace for the 70th anniversary grand prix. Anchor the u. S. State department has called a former top saudi intelligence official a valued partner. It comes a day after he filed a lawsuit in washington, accusing the Saudi Crown Prince of sending a hit squad to kill him. They say they are concerned s allegations and persecution of his family members are unacceptable. An extraditioned request because they said it was politically motivated. The state department comments were made in a letter to a democratic senator, who requested a formal update on the case. The department praises dr. Aljabris work with the embassy in riyadh, saying he is someone who responded aroundtheclock to threats to u. S. Interests in the kingdom. It adds, the depart
Benchmark Interest Rate at 0. 25 . That is expected. We had the debt maintaining it will continue with the policy of 0. 25 for the beginning of next year. They are maintaining the benchmark Interest Rate. This meeting coming after four new cases ending new zealands 100 today virus free run. Perhaps more later on. Auckland back in lockdown. A lot were surprised about the resilience of the economy. They have to weigh the global risks, as well. The qe purchases are interesting, as well. Most werethey have to weigh thel a bit historic pick for joe biden, the first africanamerican. Pick for Vice President. And the first asianamerican. And some say it will help propel joe biden to the white house. Lets bring in Jodi Schneider to talk more about this decision. It seems this was a no surprise pick from joe biden. What does it tell us about the Democratic Party . First of all, joe biden said he would pick a woman, so thats not a surprise for his Vice President ial running mate. It was thought h
Washington, do something, and do something on this august 7. Jonathan 1 away from alltime highs on the s p 500 coming into this one. Equity futures off by 0. 4 . The data 90 minutes away. Lisa we are getting the u. S. July jobs report. This is backward looking, and only goes back to the first half before the virus started to reshutter businesses. How much urgency is there for negotiations about the fiscal second round of support . I hear someone will be speaking on bloomberg television, national akamai Council Director larry kudlow, speaking with some guy that is on at that point. Tom oh really . Jonathan thank you for the promo. [laughter] lisa then tomorrow, Berkshire Hathaway reporting earnings. Really interesting to see what they are going to do with their 137 billion cash pile. This is a microcosm if the u. S. Economy. Interesting to see any guidance about how some of them are weathering this period. Jonathan the price action shaping up as follows. In the bond market, treasury yie