Customers now of the steps in terms of turnaround. The applications of the Energy Technologies and at the same time we try to push to solutions. They block the white house from banning tiktok from app stores as they look to complete the deal with oracle and walmart and the nomination of Amy Coney Barrett as Supreme Court justice creates a fresh battleground for democrats as President Trump looked to rush through her confirmation ahead of the election. I understand that this is a momentous decision for the president and if the senate does me the honor of confirming me, i pledge to discharge the responsibilities of this job to the very best of my ability. Lifting its stake to just under 8 and reinforcing its position as hsbcs largest shareholder. Now the move comes after the share price dropped, similar margin to what you can see on the screen last year 25 year low last week. After being named in the media report alleging that large global banks flagged trillions of dollars of suspicious
White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is
Businesses across the whole economy. Australias pension faces rising outflows as people are allowed to tap Retirement Funds to weather the fallout from the pandemic. Shery happening right now, President Trump speaking at the white house, saying that new infections remain flat across the u. S. Take a listen. Pres. Trump so we have nobody died and i said china, you cannot come in, sorry, because i saw what was going on. It was not so much what i was told, it was that i saw what was going on and i didnt like it. But, i didnt speak to tony about it. I didnt speak to very many people about it. What did i do . Ready . January 31, in the United States, not one person had died because of the, again, the wuhan virus. So, i issue travel restrictions on that date even though nobody died. I got brutalized over it by the press because i was way too early. I should not have done it. Brutalized by the press. I have been brutalized for the past four years. I used to do well before i decided to run for
What has been fascinating is that up until now, the data basically coming out today has driven us towards the idea that we are starting to see a manufacturing stabilization. That was certainly they field that came out of the china data earlier on. Extent, ina certain the European Data as well. But now the bloomberg dollar index is beginning to move lower. We have until this point in time seemed bond markets in particular moving yields higher. Maybe we see that unfolding a little bit today. We still got generally a bond story that is quite negative. Yields are higher on the day. A little bit of movement in that u. S. Tenyear. Vonnie exactly. We will dive into the finer details of the report with tom porcelli of rbc in a few moments. It will be interesting to see what the other indicators suggest, for example, and the china data. We saw that employment improved, so that is one good side for the chinese economy, even as other indicators in that manufacturing data declined. Also, germany w
The new head of the imf has given a bleak forecast for the World Economy saying the fallout from trade wars could last a generation. Speaking of the man. Thats a jean claude yunker. I was hoping to talk about President Trump, because the white house has presented a key witness from giving evidence to the democrats impeachment inquiry. Let me start by showing you the statement from the president of the European Parliament, released after he met Boris Johnson European Parliament, released after he met borisjohnson earlier. He says. You can make a decent case, that relations between the uk and european are as fragile as theyve been for decades much more so because of the last 2a hours. Brexit is supposed to happen on october 31 but theres increasing confusion and acrimony. A lot has happened. Stay with me and ill take you through it. First to a call between Angela Merkel and Boris Johnson this morning. After it downing street briefed that a deal was now essentially impossible. Heres norma