Mark meadows and treasury secretary Stephen Menuhin called the lawmakers to pass individual lesson legislation including redirecting 130000000000. 00 in unused funds from the Paycheck Protection Program which was part of the relief package passed in march now although at this time democrats in the house of representatives have insisted on a comprehensive relief bill rather than stand alone legislation like that just like uncertainty over what may happen or what may happen to the u. S. Economy and unemployment without another stimulus bill Global Markets rallied on monday so lets go ahead and take a look at the state of the economy and markets with Octavia Moore and the c. E. O. Of optimists l. L. C. Octavio always a pleasure to have you on the show now if theres so much doubt that a stimulus bill could get done before novembers election why is the market so optimistic about it and getting a boost monday are we any closer or is this just you know algorithms taking up all the chatter. We
Changing condition. Futures point higher in sydney and tokyo. The yen holding back. Almost everybody is softbank thinks the group taking a Group Private is a bad idea. We will look about the chances of such moves actually happening. Lets take a look at how we are kicking off trading in sydney. It is a public holiday. But we do still have the cash 4 in thep about 0. First two minutes. This comes on a busy week for australian traders. The budget where we are expecting to see assumptions made about a vaccine becoming available and we are also getting a report that is trillion is set to further lift that that australia is such a for the lift that debt ceiling with 4 billion u. S. Dollars with the debt ceiling being lifted higher to 1. 1 trillion. Looking at the aussie dollar ahead of the all be a. We are expecting no change. Markets are significantly pricing and now another rate cut. Before the end of the year. Dollar trading at 71. 67. In new zealand, two weeks out from the election. Kiwi
But january was a bad month all of the v. W. Brands combined sold 343000. 00 cars a drop of 11. 3 percent compared with last year the outbreak has come at a time when the car Industry Worldwide is already facing many challenges the diesel gate scandal and the difficult switch to electro mobility are among the biggest for german car makers if the Current Crisis in china goes on much longer it might come to rival those other problems. As it was pandey is tracking this story for us as a lot of stocks paint a different picture today theyre cheering on chinas latest stimulus efforts to curb the Economic Impact of the coronavirus is that going to save europes carmakers that. Well investors certainly believe so i mean at this point of time all the automakers are among the top performers and thats so clearly the investors have different ideas they are hoping that the cheaper money is going to drive Economic Growth in china a key market and that is going to actually boost car sales and theyre a
But january was a bad month all of the v. W. Brands combined sold 343000. 00 cars a drop of 11. 3 percent compared with last year the outbreak has come at a time when the car Industry Worldwide is already facing many challenges the diesel gate scandal and the difficult switch to electro mobility are among the biggest for german car makers if the Current Crisis in china goes on much longer it might come to rival those other problems. As it was pandey is tracking this story for us as it does all of stocks paint a different picture today theyre cheering on chinas latest stimulus efforts to curb the Economic Impact of the coronavirus is that going to save europes carmakers. Well investors certainly believe so i mean at this point of time all the automakers are among the top performers and thats so clearly the investors have different ideas they are hoping that the cheaper money is going to drive Economic Growth in china a key market and that is going to actually boost car sales and theyre
But january was a bad month all of the v. W. Brands combined sold 343000. 00 cars a drop of 11. 3 percent compared with last year the outbreak has come at a time when the car Industry Worldwide is already facing many challenges the diesel gate scandal and the difficult switch to electro mobility are among the biggest for german car makers if the Current Crisis in china goes on much longer it might come to rival those other problems. As it was pandey is tracking this story for us as a lot of stocks paint a different picture today theyre cheering on chinas latest stimulus efforts to curb the Economic Impact of the coronavirus is that going to save europes carmakers. Well investors certainly believe so i mean at this point of time all the automakers are among the top performers and thats so clearly the investors have different ideas they are hoping that the cheaper money is going to drive Economic Growth in china a key market and that is going to actually boost car sales and theyre also f