Across the americas. The spread is unacceptable. South korea braces for a second wave. Lenders are backing away. Bank of considering cutting a credit line, writing off its and calling it quits. We are just getting some indications, early indications of the economic rebound in australia. The cva australia pmi manufacturing preliminary number for june bouncing back. Just in contractionary territory but certainly much better than the 44 from the previous reading. The Services Number also much better i we get parts of the Services Economy reopening after the restrictions coming in at 53. 2. The previous reading was 26. 9. That composite number for june, 52 point six. 28. 1 and out of contractionary territory. That is a preliminary reading but things looking a bit more positive. Also looking positive for asian markets, lets get over to Sophie Kamaruddin for a look. Futures are in the green with s p eminis and he restocks resuming gains while the aussie dollar remaining on the on foot at the
Out of his still in the but love that we may keep one another healthy and safe. It will therefore be unusual but mr. Speaker this legislation represents a bipartisan resolve to me the coronavirus challenge. It represents a focus on families and workers to the objective to make them safer and economically supported. It will protect workers and their families and our economy as we all do our part to flatten the curve. Public Health Officials made it clear that the only chance we have to prevent them from getting overwhelmed is for as Many Americans to stay home as possible. It is however necessary to be here, to pass legislation, respond on behalf of thees American People to the daunting challenge. Closure means large parts of the economy are temporarily shut down causing severe disruption for businesses and workers. We saw the impact of this yesterday with the new Unemployment Insurance claims increased by more than 3 Million People. 3million individuals. 3million families rely on them
Health care bill will be delayed. Leadership has been pushing for a vote ahead of the july 4th recess, but now, thats going to take place after that. The president called Senate Republicans to the white house for a meeting this afternoon as majority leader mich eer mitch said extra time is needed to get more support for the bill. Were going to continue the discussions within our conference. On the differences that we have that were continuing to try to litigate consequently, we will not be on the bill. This week, but were still work s dipd midday and least 50 stay eed lower. The dow jones fell to 2131 0. Nasdaq off 100 and s p 100 fell 19. European union has slapped alphabets google unit with a record fine. E r alle google is taking advantage of its dominance in online searches to direct customers to its Online Shopping business. Shares fell more than 2 and if dwoog l doesngoo, it will have to pay more. Googles dont be evil culture is far from its practice. According to the European Un
We do that with a budget deal, it didnt take a billion for that. So if youre going to add another 18 billion or so and oak oh within the house of publican caucus right now they will not go along with it. The strategy has been floated that maybe you wait and have an additional request in the next administration. You basically pond and then wait for a new administration and new Congress Takes office and then try to take a new higher level of funding them. What do people think about that. It is very uncertain what would happen because of the election. The trick here is whether if i can go back to the crs, the trick here is timing. What is the risk of the weight in a transition year despite whoever comes in, whatever party comes in, there is always a. Of time sometimes a very substantial, think during the Bush Administration there is quick action to increase the Defense Budget but there is a huge risk. Of course that could be a strategy but timing on it, who comes in with the contents of i
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