Australian government is slowing down. It is flat in the session. The jci and jakarta composite index just started off its trading day. Dollar index moving to the upside. Sterling is flat at the moment after gains. Those gains coming about after we got brexit talks being extended to the end of october. That is adding some optimism that may be a deal could be done after one of the chief eu sides comingid see close together at the end of last week. Crude oil and gold moving to the downside as we have limbo in regards to the fiscal package or stimulus package out of capitol hill. Lets have a look at what is going on in terms of the first word news as we get over to new york and join Karina Mitchell. Karina global coronavirus numbers continue to make headlines with the u. S. Reporting record infections for the second day in a row. The white house saying the administration is not going to control the crisis. the news comes as Vice President mike pences chief of staff tests positive. Withe h
Canceled around the globe tourism and Hospitality Industries are the 1st to soft power long can hold sales an ally and hold out without state. This is the the new business im proud of has welcomed in a move that surprised analysts and markets the u. S. Federal reserve has announced its biggest Interest Rate cut in a decade the decision comes in response to the danger the coronavirus poses to the American Economy the new rate is down half a percentage point but the movie also reassure wall street which tumbles in the aftermath results in asia on wednesday more makes with slight gains in tokyo and seoul. Now lets check in with our financial correspondent only bonce who is standing by in frankfurt for us only mock reaction seem a bit all over the place. Yes thats right it was a tepid reaction in europe when the decision came. Just reaction really in wall street the market went south in a big way and asia the markets are kind of hovering wondering what to do with this the move was i think
Canceled around the globe tourism and Hospitality Industries are the 1st to suffer from the Virus Outbreak how long haul tells and allies hold out without state aid. This is d. W. Business im gal alphas in berlin welcomed with the economic damage caused by the corona virus becoming increasingly clear more and more companies are calling for state aid some governments have already responded with a variety of measures south korea for example is to deliver an economic stimulus package to the chief of 13700000000. 00 u. S. Dollars the cash is mainly aimed at smaller businesses like the countrys numerous market traders who have been badly affected by the crisis the United States states has altered its Monetary Policy in an attempt to calm markets in a surprise move the Federal Reserve lowered the base rate by a point 5 percent keeping Interest Rates between one and 1. 2. 5 percent china 2 has implemented a range of measures to support its economy Small Businesses have been granted tax and So
The best way forward on brexit. Essex police are given an extra 24 seeing incredibly desperate people hours to question the driver coming up on afternoon live, trying all kinds of ways to get of a lorry in which 39 people across borders and reach safety and were found dead yesterday. The stowaways are all all the sport with holly hamilton. Make a life for themselves that is believed to be chinese. Worth living. The irony of course a british man who fought with Kurdish Militia against the Islamic State group has good afternoon, yes, eddiejones has been convicted of a terrorism here is that the tougher you make it been ringing the changes ahead of for them to make this sort of offence following a retrial. Aidanjames was cleared though of attending a terrorist englands Rugby World Cup crunch hazardous journey, the tighter you Training Camp in syria. Put the controls on, the greater the the number of people found carrying clash with new zealand this weekend. Risk they are going to have to
Germany down 1 . German Business Sentiment hits an eightyear low. And then watch our own 30 year falls below 210 overnight and everyone is going to be watching todays close. Lets get straight to the market, futures lower ahead of this mornings open, following a sharp selloff in the second consecutive monday Global Economic worries, falling yields continue to weigh on investor sentiment, driving toward safe haven. Gold now, the highest price in more than six years. The president tweeting a few moments ago through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars the u. S. Is receiving is a gift from china prices not up, no inflation, farmers getting more than china would be spending, fake news wont report what we will report that that core cpi 22 is the 17th month of plus 2 . There is a level of inflation in our country, but there is also, i think that when you see it, some of it is tariff but if youre a central banke