Talking more stimulus. Then you have the cable rate. A lot of extension for benefits and the u. K. The cable rate does not move. It is a consistently stronger dollar. Same thing for the gilt market in the u. K. As well. Crude also going nowhere. The real action is in the equity market. Lets dig into that top story in europe. U. K. Chancellor of the exchequer rishi sunak planning to rescue millions of jobs at the coronavirus threatens to derail the u. K. Economy. I know people are anxious and afraid and exhausted at the prospect of further restrictions on our economic and social freedom. For at least the next six months, the virus and restrictions are going to be a fact of our lives. I cannot save every business. I cannot save every job. No chancellor could. The government will directly support the wages of people in businesses to face depressed demand the option of keeping employees in a job on shorter hours rather than making them redundant these are radical interventions in the u. K.
Gaining speed. A live report for that region next. Later commemorating the street that may have saved americas favorite past time its your rbi and its actually baseball related its all on this friday september 6th as Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from where ever in the world you may be watching. Happy friday thanks for being with us we start with morning from breaking news out of europe. The latest gdp numbers in the Second Quarter thats right for you certainly the focus has been on politics the last couple of weeks but lets not also forget about the data its now been confirmed at. 2 on an annualized basis a significant slow down from the First Quarter which is. 4 quarter on quarter and 1. 3 on an annualized basis. The devil is in the detail theres two main weaknesses. One is germany and one is italy. So let me just remind the viewers that the german gdp fell in the Second Quarter of this year to minus 0. 1 0. 4 on an annual
Thats why we were talking about the inverted yield curve a couple of days ago, also on deck windham chairman Steven Holmes and Deputy Director and financial ceo chris garcia, cohost of the 5 on the Fox News Channel Juan Williams and Washington Examiner chief Political Correspondent Fox News Contributor byron york. The European Central bank with policy measures to stimulate the economy from wall street journal interview with top ecb official and incredibly wild week of trading, the dow experiencing big fluctuations, you are seeing it yesterday morning when dow futures were down more than 200 points back flipped back, gaining nearly 100 points. Take a look at three market gauges this week, third down week in a row, you see how much ground the dow would have to be to end in territory. We saw bond market, i dont want to say panic signals, signals that we havent since in a long time since 2007 with inverted yield curve and i was at the Stock Exchange the yesterday and the day before walking
Hour look at these large megacap Communication Services and tech stocks for where Shopping List items might be for any buys on the dips with that well send things out to see j man thats going to be a harder objective to achieve, if anything a stronger dollar will become a bigger pain for multinationals sectors like technology, industrials and Consumer Staples that derive in some cases 40 to 50 of their sales overseas. If the dollar continues to strengthen it will make American Products less attractive to customers outside the u. S. , especially in emerging markets where the consumer tends to be more price sensitive it also impacts profitability for these companies when they convert foreign sales back to dollars. Now, a handful of companies in the Consumer Staples space that make everything from shampoo to cereal have outperformed the Broader Market because of the dividend yield they offer. Kimberlyclark with a yield of 3 , General Mills at 3. 6 , but with Central Banks around the world
The. Language ahead of this keeps me and little bunch maybe took in truck loads of say you want to know their story. That spurred fighting and reliable information for migrants. Look up. A global trend to cut Interest Rates catches on south africas central bank is next to low borrowing costs to bolster the economy and bring relief to a shrinking middle class. Not much of a catch overfishing and Climate Change sap lake malawi vital source of food for the region. And fin tech successful fight for funding a building based on line back becomes germanys highest value. And pain for us all and thats to business south africas economy is contracting so is its middle class that could cause tension. In south Africa Reserve Bank has cut Interest Rates from 6. 00 and 3. 00 quarters to 6 and a half percent it joins a string of Central Banks across emerging markets that are producing borrowing costs global risks are high and domestic demand in south africa is low indebted consumers are holding back f