The Trump Administration overstepped its authority. Ntt reportedly planned to take its wireless carrier unit private. At buyout could be valued 38 billion. At thebreaking news moment. We are getting Industrial Production numbers for south korea. Year on year, it should be for the month of august, a decline of 3 , matching expectations, and bigger declines than the previous month. We continue to see some weakness year on year. Industrial production numbers have been in contraction for five consecutive months. When it comes to the previous month numbers, they have been revised slightly upwards but not by much. Month on month, a contraction of 0. 7 which is a contraction instead of just coming in flat as expected so that is disappointing numbers. Perhaps we could see some better numbers later in the year. We do have trade numbers for the month of september. We are expecting it to come up on thursday and exports are likely to see an annual gain in september so lets watch out for those numb
Man lies say he was detained on wednesday morning this follows the similar disappearance of protest leader maria called the 2 days ago witnesses have now provided more details on target. Plus an Art Exhibition in china glosses over early mistakes in the corona Virus Outbreak for show a communist party basking in the glow of self proclaimed success in tackling the pandemic. Flu im terry martin good to have you with us fire has swept through greeces largest migrant camp on the island of less false thousands of refugees morea have been evacuated from the overcrowded facility there are no immediate reports of casualties local media reports suggest the fires. May have been started deliberately to protest lockdown measures imposed on the camp earlier this week. But more is on fire after several shacks went up in flames almost the entire camp is now burning in the early hours of the morning flames were found by 70 kilometer per hour winds thousands of migrants have been evacuated once more in
Chipmakers asias chipmakers. And oracle is an talks to purchase tiktok. Reports ap group surge in iron ore. We hear from the ceo this hour. It has just gone 6 00 a. M. And london. Dsia. M. In downtown everything comes back to the price of a bond for me in the United States of america. Stimulus, prevarication what does it do to the dollar, good morning . Annmarie the dollar is in focus. Putting outole research saying the tail wind be the u. S. Election. You and i wake up so early, we got to see some of what is going on in politics. The dnc kicking off its convention. How does this impact the market . That is what we will need to discuss. Will come off the top of the s p. I have get my one favorite line of the day. My quote of the day. Bondholderso says are like boiling frogs. A small kick in rates and they jump out of the pot. Boiling frogs. What an image. There you go. Whoever put that together, high marks on our show. Annmarie we are going to go down this path. My favorite this mornin
Interesting. I think probably a little too early to worry, given where the 10 years right now. Lisa never too early to worry. Jonathan the hyatt is about 90 basis points. We are in the middle. Theres a little bit of concern about oversupply, particularly at the long end, but two governments issued longterm hours. The last few the other was apple and president tim cook. [laughter] it is the 40 year portion that i think is getting the attention. It is about the Duration Risk people are willing to take. Lisa people are saying that perhaps demand for that offering took away from the u. S. Government. You do have to wonder, and i think this is a question a growing number of strategists are asking him selves, at what point does the fed start to get worried, step in and say we have to up our purchases of treasuries in order to suppress bond yields . ,onathan ppi came in hotter jobless claims came in better than expected. We round things out this morning with u. S. Retail sales. Ive got to say
Tested. This is promising news. The production says it proves that the production does not prove that it is effective but it is certainly a step forward. The final stage of the trial is scheduled to start july 27. This data coming out in the new england journal of medicine. It appears that moderna in the lead with its vaccine candidate, producing antibodies in all 45 of the patients tested. I mentioned we are standing by for President Trump. The press conference scheduled to start any moment now. We are told that the South China Sea and ongoing relations with china will be the focus along with potentially rising cases of covid19 across the country. Meantime, taking a look at how this impacted the markets. Volatility again the word of the day. I want to bring in abigail doolittle, who has been following all of this. Abigail volatility is certainly the word of the day and really the word of the last month. The s p 500 yesterday unable to take out its high after the februarymarch crash. S