Consternation about the opec meeting. Jim, another day of Business Leaders addressing racial inequality whether its gorsky on squawk, moynihan, ballmer, this letter by cory barry, theyre out in force yeah. I thought that one of the themes echoed by alex gorsky is no more dodging. Look, im white, i am part of the problem because im not doing enough i think theres been a long history of people who have said im white, im older, im a ceo, i cant do anything other than have a committee and put some money at it. Theres far more soul searching this time. These are heartfelt sentiments but also sentiments that say im rolling my sleeves up. Im not going to say my heart is going out with them. The hearts going out with them doesnt work it is something that is a platitude, something that gets nothing done and when you hear it now, its code for, hey, okay, i finished that lets talk about the numbers i think that a lot of courageous actions, different tone. David, you have to admit, this is a tone
This meeting to discuss something that were all thinking about , the answer to the question as everyone in america asks every day. How will this end . When will this end . This telephone conference with leaders from other nations was talking about the ending of the vision and discovery of an effective vaccine that canprotect people around the world from the surge of this coronavirus. Im not sure when that vaccine will be discovered. The sooner the better but the big question we need to ask ourselves at this point is where will it be discovered and what benefits will it provide for theUnited States . There was one major nation boycotted this International Telephone conference about discovery of the vaccine. With the United States. Resident from decided not tto side with the leaders of nations from around the world in this global conversation about finding a state safe and effective vaccine to fightthe coronavirus. Im not sure what his motive was but we know that at least 94 other vaccin
At noon eastern lawmakers are expected to vote on his confirmation. And now to live coverage of the u. S. Senate here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Eternal god, the fountain of wisdom, we cherish your presence and honor your name. Give our lawmakers the wisdom to live with honor, as they remember their accountability to history and you. Lord, remind them that you are glorified when they walk on the path of integrity, striving to please you in all they say and do. May their lives bring light to darkness, unity to division, and order to chaos. Grant that they will be living letters read by those who desire to believe that you continue to rule in our world. We pray in your sovereign name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic fo
2. 95 . There were talks yesterday about another policy easing soon. There we have it today. The china 10 year bond futures rising on the back of that. The taiex currently down by 2 10 of 1 . T mnc will build the new mac chip. Apple is working on its own mac processes. It will be faster than the processors in the iphone as well as the ipad. The benchmark in new zealand currently bucking the trend, up a marginal 1 10 of 1 . Rishaad absolutely. Getting more details on that. The pboc acting in order to show sufficient liquidity in the system. Injecting merely a billion dollars worth of you want into the banking system. Weve got that declining or cut by 20 basis points. 3. 15 . Direction from our chief asian market strategist. Money intoue to pump the system, the financial system. Does it end up in the right places . This is targeted, hence the name. As the we. Look at chinas policy execution in the past six months. Lot that emphasized a these liquidities need to go to the real economy, to
After we got the outline of phase one trade deal china President Trump has agreed to lower some of our tariffs in exchange for, it looks like, 50 billion a year in agricultural purchases. And some much firmer protections against intellectual property theft and currency manipulation. And those last two pieces, please, youve got to understand thats what the United States is fighting for thats the real meat of the deal we need Chinese Companies steal our patents and trade secrets and we need china to swear off currency manipulation. I dont know i assume the case. I think let me tell you i want to make this really clear. Ag is not what this is about but we got to spend some time on it because its what people are going to talk about. China has a history of not following through with its trade commitments. And this time, weve got powerful enforcement mechanism theres still going to be a 25 tariff on 250 billion worth of chinese imports with a 7. 5 levy on another 120 billion that had been cu