Report from the region is next apple trying to lift the curtain on new gadgets a new phone not likely will anybody care . This is Worldwide Exchange on tuesday, september 15. A nice segment of music coming up later in the program by the way, good morning, good afternoon and good evening wherever you may be watching good to have you back with us. Global markets are stepping up this day solidly in the green the major average back yesterday after the s p 500 posted its worst week since june and the nasdaq the best week since march. The nasdaq back above 11,000 but still about 1,000 points away from that high of september 2. Small but mighty do not forget about the small cap stocks the russell 2000 posting the best day since july 15 small caps have been outperforming. Dont forget about the bond market either. The federal resofr and a new inflation framework in place talk of lower rates stronger the continuing note is stuck there for months around the world, a mixed session in asia overnigh
Assessment of Global Energy demand. Saudi arabia is cutting output to the lowest level since 2002. As mentioned, we are looking at the start of the trading session. Thats get over to Sophie Kamaruddin in hong kong. We are expecting moves to the downside. U. S. Futures holding onto a three day decline in kiwi stocks. The index is off by about. 33 and markets are priced in new zealand to join the negative rate club. Amid calls for more stimulus around the world, we are waiting to see if china will cut the rate for the third time this year as the country grapples with a week start and millions of unemployed. Emerging from lockdown, the global stock rallies are sputtering. Risk is wave infection being weighed alongside the threat of business failures and job losses becoming permanent. Beyond that, the aussie dollar is bearish and ahead of the april jobs report. It is seen with a deeper impact. President trump says fed chairman jay powell is doing a good job but disagrees with him on negati
Haslinda, what are you seeing . Haslinda Industrial Production coming from march showing a strong recovery momentum. We saw what happened in march. It is pulling back from a historical plunge in the first two months of the year. Still there are some challenges if you take a look at the supply chain. China still faces supply risks from a global lucked out. Factory production global lockdown. Factory production still shut down in many parts. Bloomberg intelligence saying 70 of chinas imports were used for production in 2015. Still strong numbers in terms of Industrial Production coming in at 3. 9 versus the estimate of 1. 5 . If you want to track the trajectory Going Forward, we have to track those economies like korea, japan, taiwan. They supply china with the most technology parts, the u. S. And germany, even brazil. As long as they are not emerging from the lockdown in their respective countries, it wont be in issue for chinas own production. Industrial production for china year on ye
Change your nappies and feed you and be the you and put you to bed well i think were in that bit of the cycle with the u. S. Dollar remember the petrodollar was conceived in the 1950 s. But really born in 1981 when nixon took us off the Gold Standard and weve come full circle because remember in the 1970 s. We had the oil embargo wars in the early days of this petro dollar being a full you know u. S. Dollar backed global currency grid and here we have a special report trump told saudis cut oil supply or lose u. S. Military support so apparently in an april 2nd phone call trump told Saudi Crown Prince mohammed bin solomon that unless the organization of the Petroleum Exporting countries opec started cutting off Oil Production he would be powerless to stop lawmakers from passing legislation to withdraw u. S. Troops in the kingdom for sources familiar say yeah well i dont really understand us all saudi relationship anymore you know i mean why are we why do we have troops there and saudi a
Selling. F positive the u. K. Likely to impose 14 days quarantine. We also have the irish tank barely under pressure the irish bank very under pressure. The bank of ireland numbers today. Boris johnson will appear in parliament and a half hours time. Btps on offer as well. We are up by three basis points. What is interesting is the spread between brent and wti widening on that saudi news. Vonnie lets get to the economy now. President trump telling americans to return to work after confirming the outbreak in his own office. Unprecedentedan 20,500,000 jobs, tripling the end limit rate the unemployment rate. We are joined by bloombergs peggy collins. How does it change the rhetoric now that coronavirus is coursing through the west wing . It has touched the Vice President s office and the president himself at this point. Peggy i think for everyone, the virus has pushed people different ways, and closer it gets to everyones families, the more people realize how widespread it has really gott