Maintain normal Monetary Policy for as long as possible and fixing will be key. President trump wants to return to the campaign trail as his doctors say he is not a transmission risk. The u. S. And europe are not on the list for easing curbs. Haidi markets coming online for the start of the brandnew trading week. Lets go to sophie kamaruddin. After inome enthusiasm cap the best week since april. Australia posted record shipments when it comes to iron ore, putting some down pressure on the commodity. Gold holding about 1900 per ounce, after its second weekly gain. 2300 for bullion, early 2021. The aussie dollar under pressure. It had fallen by 4 . 4 . The offshore yuan on the retreat. Looking forward to the fix to see if that will add more weakness on the offshore yuan. Futures, nikkei Futures Holding steady while the 106,s trading around testing the 65 day line. Todays south korean markets come back online after the long weekend. We have korean trade data later today. Won trading korea
Universities write to the uk education secretary calling for more money to help with the cost of taking in extra students following a government u turn on a level grades. And coming up this hour, the three victorian forts originally built to defend england against the french going up for sale. Hello and welcome. If you re watching in the uk or around the world 7 and stay with us for the latest news and analysis from here and across the globe. The number of people being randomly tested in the community to track the prevalence of covid 19 is to be incased up in england. From october, 150,000 people will be tested every fortnight as part of the office for National Statistics programme which is separate from the Mass Testing Programme of people who have symptoms. The figure is up from the 28,000 in england who are currently sent a home testing kit. Testing will also be expanded in scotland, wales and northern ireland. The health secretary, matt hancock, says the expansion of testing in the
On his tweets. A feel good story i cannot wait to talk about. The ceo who is putting veterans back to work. All that and so much more on making money. Charles stocks in the green. Investors digest positive earnings reports. Economic data continues to be positive. You know this week weve been focusing on a couple themes, right . Investment rotation, major breakouts how i think wall street is pricing stock market were learning to live and prosper while coexisting with the virus. Where do we go from here . We want to bring in phil blancato. Your assessment with were seeing in this market. I think we have rotation going on. Cyclical stocks, value names but the break out has been impressive. It has. Were only down 4. 25 on the year. Incredible to see how far weve come. Youre seeing most undervalued names, those left behind bounce back, particularly the banks. Theyre having a difficult year. Im less excited about materials and industrials but that is it an area of the market that is showing
Decided to open up all fire stations with at least one engine per fire station on may 18. Reporter pg e is more worried about wind versus the dry weather. They are preparing for the summer. We are using last year as a barometer. Without one Public Safety power shut off that was all in june. The rest of them were in september and october. Reporter the municipal power district is warning. Is said they are prepared for drier weather. Even though this year is dry, we have enough supplies to make it through this year. We are not talking about rationing of any type. We are concerned for next year. Reporter trout, dry weather, this is just normal. Is always Good Practice to conserve water. The dry california summer is starting. In the east bay, reporting for kpix 5. We are seeing where the spring storms were not enough to offset the dry winter. Results of the seasons final know survey are in and it is not encouraging. As you can see, some thoughts, there was not much snow to measure. At this
Governments around the world pump cash into the Financial System the president promised a large stimulus package, including direct payments to every american and boeing and u. S. Airlines, a Financial Aid package for billions of dollars as the treasury secretary called the situation worse than 9 11. Steve liesman has the latest from the fed Kayla Tausche is tracking the fed response from washington much more from her as you just heard. Lets start with you, mike, on the key market levels. We just bounced off a key market level, wilf s p 500. We closed yesterday about 1 above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. I think you can make the can case between thursday to monday you had a multistage capitulation process we should be bouncing on a tuesday after a washout monday right now looks okay but not so decisive were down 30 from the