Anyone is admitting lets get to the bottom line. You can always find doomsday predictions telling you that the dollar is on the verge of collapse or the Global Financial system is in serious danger but how much of it is true lets look at this clock this is a live shot of the u. S. National debt clock in new york its not 100 percent accurate but it gives you a good estimate of the American National deficit right now earlier this year it pushed well beyond 20 trillion dollars its 22. 00 trillion dollars now but what does that mean for the United States and for the world is this guy about to fall what do we really need to be worried about and what trend should we be paying attention to fortunately we have 3 people in the room who have all the answers to these questions sandra to v. T. Is c. E. O. Of the Global Consultancy Firm beyond global and shes author of super hubs how the financial elite and their Networks Rule our world edward luce is the chief u. S. Commentator for the Financial T
Hi im Steve Clemons and i have a question for you are you concerned that the worlds economy is more fragile than anyone is admitting lets get to the bottom line. You can always find doomsday predictions telling you that the dollar is on the verge of collapse or the Global Financial system is in serious danger but how much of it is true lets look at this clock this is a live shot of the u. S. National debt clock in new york its not 100 percent accurate but it gives you a good estimate of the American National deficit right now earlier this year it pushed well beyond 20 trillion dollars its 22. 00 trillion dollars now but what does that mean for the United States and for the world is the sky about to fall what do we really need to be worried about and what trend should we be paying attention to fortunately we have 3 people in the room who have all the answers to these questions sandra to v. T. Is c. E. O. Of the Global Consultancy Firm beyond global and shes author of super hubs how the
Energy is interesting because energy looks to be fairly red. Tried to stay independent. All in all, that is a positive industrials also being bought this morning. Move but now he is doing another not a very clear message coming from the sectors. What do we see in the movers . Move because he holds himself out of the election and that is the best he could do with the moment. No doubt we will see some moves our colleagues based on that. And we are getting gdp running that powell will need a figures out. Horror show to cut again. Third quarter gdp in spain is it your expectation that we do not get a recession, there is expanding 0. 4 . That matches the estimate but so no longer any need for rate you know gdp in spain is up 2 cuts . Momenti would say at the from a year earlier. There is no recession, the ,umbers do not sure recession. 4 as a month over month european thing. The way the americans do it is but he makes clear in his speech yearoveryear numbers. If something happens, that is n
Testify very soon. And boris and settle. U. K. Leader plans to lay out his brexit vision at the conservative conference is overshadowed by his past. Were live in manchester. Manus a very warm welcome to daybreak europe. We are all over the global stories. From the markets, we had the bloomberg scoop, and the United States was considering invoking legislation that would block china from accessing u. S. Equity markets, and that they would stymie the flow of u. S. Capitol china, the pathway, the capital, the keys to growth, the very essence of this story could be a new fork in the road for, lets say, discontent in the trade wars. It would involve 1979 legislation, which jimmy carter used in regard to iran. We will discuss. Weve recouped some of those losses. To the local markets now, the rba. And then new zealand. Defined by steven major, who is out ahead of the two. Is it new zealand or is it australia . The kiwi drops. What you can see is the bid, the kiwi drops, the lowest confidence i
As protesters moved to shut down hong kong. We are live on the ground. A public spending boost from Boris Johnson raises expectations he is playing for an early general election. Parliamentary majority hangs by a thread. Manus a warm welcome to the show. And raise your game the bet higher. That is the message from the chinese. The dam has been breached. The dogs have been unleashed by the pboc. They are letting the hounds run, even though they verbally intervened. Nejra i love your use of language. What a dramatic day of the markets. The question is where the next resistance level is for the yuan and whether the pboc is going to defend a certain level or whether it is just protecting against wild swings in volatility. Whether we now see the start of a currency war and weather will be more challenging for banks which have less room to ease, which means japan. Manus there are five emergingmarket Central Banks, five more to go this week. I think when it comes to pboc, you are seeing the s