Markets i treasuries as well. The aussie 10 year yield down 16 basis points and money rush into the end. Oil in a bit of a freefall once again. Brent crude down more than 6. 5 . We areke below 20 and watching indonesia here in particular just coming online. The stock index drops re. 5 . Once again, we are seeing a lot of these em volatilities, back once again. We are watching the pboc after that interesting move to cut the seven day repo rate by 20 basis points so they are joining in on the stimulus ways. Lets get more on this with david ingles coming forward. We are watching u. S. Futures in particular continue to head lower. Lets start with the 7 billion injection into the system. I mean, quite a bit. David yes. A couple of things i guess to get out there. You dont normally see a reduction of this magnitude from the pboc. You also have to consider the fact that we know the economy is not doing well and in fact, the latest forecasts now suggest quarter on quarter, you take the median.
Connect during a Virus Outbreak that could be good news for profits. Global supporters facing unprecedented of people with the most major events now councils all of the leading european competitions have been suspended. Allow a very warm welcome to the news our top story spain has become now the 2nd country to order its entire population under lockdown to stop the rapid spread of the corona virus 46000000 people are subject to the new decree which orders everyone to stay at home unless they need to buy food or medicine or go to work 193 are reported dead that with some 2000 cases in just the last day another 97. 00 people have died in iran taking the death toll there to 611. 00 with nearly 13000. 00 confirmed cases a growing list of countries are also closing their borders that includes colombia its just shocked. Border with venezuela and that makes it harder for people crossing for supplies they cant get at home and then nepal has announced that its a spending climate and its a Mount
Thats important to all of us that are here and so many of our colleagues. Information is power today, and we see it all over the globe when its used improperly it is used as a weapon. Democracy requires wellinformed electorate to function properly but to undermine the principle through socalled Disinformation Campaigns designed to mislead voters and in doing so delegitimize the democratic elections. Actors like russia systematically exploit the media and to distort the truth to an unsuspecting populace with regards to the coronavirus and this information is being spread is a high degree and anonymous and again if left unchecked it could be devastatingly effective. I established this organization it could help lead to the global disinformation effort and work with International Partners. The Bipartisan Legislation within the state department is now the law and to get it up and going we will hear more about that today but we are pleased that we are making progress. They lead, synchronize
Global marketplace. Last year, the wall street journal called the decline of europe as the force in World Affairs the most consequential shift of the last hundred years and there is some truth in that since world war ii declined and its also true that the Economic Growth has been compared favorably with that of the United States and for example with china or india. And of course efforts to maintain an Economic Union within europe have been more complicated lately with brexit as we all know but still i think professor anu bradford sees things differently and in her new book, the brussels effect the European Union rules the world come here and also back there and you must have a copy, professor bradford argues the eu is an economic superpower and it continues to yield unilateral power and regulating their market and that is a phenomenon called the brussels effect. So what does it mean, many examples to shape policies and areas data privacy, Consumer Health and safety, antitrust and you r
Tonights big who served, and and counsel to the house energy and commerce subcommittee and Commerce Consumer protection as a member of president clintons task force on healthcare reform. Thanks so much. So what were going to do is start with a conversation between us and then over to audience to ask questions directly. And in the process, i know that their appetites for reading this book will be seriously whetted. I spent the weekend reading it and it is, indeed, terrific. Let me start where you start in the book which is to describe the various kind of shaping forces that help shape our culture and our politics and the way in which they led to the moment were in today, the political moment, the social moment, the cultural moment were in today. And you start by arguing that throughout our history, theres been this ongoing tension in our sense of ourselves between rugged individualism on the one hand and a commitment to community, to collectivism on the other. Say a word about that and