Policy. Lets get to the bloomberg first word news. Morning. Steven mnuchin says the economy urgently needs more stimulus to rebound from the coronavirus. He says he initiated talks with nancy pelosi try to negotiate. Going again. Ations republicans have been putting together a narrow relief package. He says he wants a much larger deal. President trump has condemned what he calls antipolice rhetoric while meeting with police in kenosha, wisconsin. He toward damage caused by demonstrations after a man was shot in the back during an attempted arrest. Two demonstrators in kenosha were killed in the protests. A warning from the pentagon. China is closer to joining the u. S. And russia as the only nations capable of deploying Nuclear Weapons on land, in the air, and at sea. China has been upgrading its strategic bombers to carry a nuclear payload. Has announced his has enoughto suga votes to win. Global news, 24 hours a day onair and on quick take, powered by more than 2,700 journalists and
U. S. Stocks are closed today. On whene things going it comes to european stocks and when we look at the u. K. Assets on the back of what we heard about brexit. European stocks are climbing. Analysts are speculating the market could be rosie and resilient. On concernsakened the u. K. Is inching closer to a no deal brexit. We are looking at dollareuro 1. 1837. Lets get to the first word news. Indias overtaken brazil as the country with the second most cases of coronavirus. Confirmed more than four point 2 million infections. It is also the third worst country in terms of deaths. More than 71,000 have died in india. Protests have flared up on the streets of hong kong, leading to hundreds of arrests. Thevists marched through area and blocked the streets with barricades. The aim was to protest hong kongs delayed election, which was scheduled to take place on sunday but has been pushed back a year due to the coronavirus pandemic. A periodstrations and of relative calm since the implementati
For shinzo abe. The pound is big today. We are up by 1 . Governor of the bank of england indicating we are going to see the possibility of negative rates. We are, as you can see, seeing a big bid for the yen as well. Dollar is down. Stoxx 600 is low. S p absolutely flat. Kailey i want to bring you news. Mgm resorts, the casino operator, is cutting 18,000 jobs. That cut impacts over one quarter of its u. S. Workforce. It has been a hard time for casinos during this pandemic. Mgm operates not just in the u. S. , the las vegas strip, but also in macau. All macau travel was shut down, they have yet to catch up. Las vegas market makes up half its revenue. Mgm cutting 18,000 jobs. At the moment, the stock is higher by about 4 . Guy back to that story relating to the bank of england. Governor Andy Beshear Lee says there is plenty of room for more monetary stimulus. He spoke at the feds virtual jackson hole event earlier. He talked about what is in the box. We are not out of firepower by any m
1020 years and that is you have this new cities trap and we see that with this growing tension between the United States and china and the fact that we outsource all our jobs to china and the 3 cities trap is the tension that arises when a rise in power is about to usurp a decline in power so we do see that around the world but at the same time just as like nobody the power whoever is the power the alpha super super imperial power they dont want to give up their power who wants to give up power right the same with on a generational scale were seeing so youre seeing what is called the 4th turning and this was written about back in 1901 they predicted actually in this theory that in the year 2020 that would be the year where it all adds together and they didnt even warn of this other bigger 4th turning coming with a 3 cities trap but here we have the generations e. And the end of the millennial displacing boomers boomers dont want to give up their power and they certainly dont want to gi
The question is is this all prophecy is it all basically been you know for 4 days and its not a word ordained but it foretold ordained here on this show we pretty much told you all this was going to happen years ago right stacy well i want to look at a few different you know themes Going Forward and theories that have been long present and that could explain this what were seeing in the world over the past 1020 years and that is you have the 3 cities trap and we see that with this growing tension between the United States and china and the fact that we outsource all our jobs to china and the 3 cities trap is the tension that arises when a rise in power is about to usurp a declining power so we do see that around the world but at the same time just as like nobody the power whoever is the power the alpha super super imperial power they dont want to give up their power who wants to give up power right the same with on a generational scale were seeing so youre seeing what is called the 4th