So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
Astrazeneca is to resume vaccine trials amid questions about initial claims and the level protection with Global Buyers numbers on the up. But thanksgiving travelers defy warnings to stay at home. New data shows china is likely to miss targets this year. Imports were slow last month after septembers high, leaving the full year targets out of reach. We are seeing australian stocks starting off on the back after snapping three days of gains yesterday, just falling short of being able to erase those 2020 losses. But we are still on track for the best monthly gain on record, about 13 on november. Further positive news for the country when it comes to 28 consecutive days of no coronavirus cases from victoria. Looking at u. S. Futures right now, initial jab, if you will, cash markets were shot overnight. Not a lot of price action. Down about six points on your s p futures. Dollaryen, 104. 24. Limits to the upside. New york crude below 45. We will talk about opecplus later on. The outlook for
Being the final week where they really recalibrate. And remember, for years ago, this is one President Trump, with a vengeance, recalibrated. Francine yes, we look at the polls, we look at georgia. Thatof these swing states have been, for a pretty long time, read turning blue, so we will look at the polls there. And it must be election week if you are singing to me. That is what the markets are looking at, and that is, what they say, even what Boris Johnson is looking at before signing with the e. U. Tom long lines across the nation, a lot of stories and anecdotes on that. Lets get to our first word news. In new york city, ritika gupta. Ritika good morning. House Speaker Nancy Pelosi says the chamber could pass a pandemic relief package this week. Still, a deal with the white house remains elusive. The republican led senate may not act before the election. Both sides accuse each other of moving the goal posts on legislation. Mark meadows says the u. S. Is not going to control the pande
Exclusionary practices that are harmful to competition. So the Justice Department has determined an antitrust response is necessary to benefit consumers. 11 u. S. States are also joining the lawsuit, which was filed on tuesday in the District Court in washington, d. C. The lawsuit accuses google of signing agreements with popular device makers like apple and samsung to secure default status for its Search Engine. As s a result of its anticompetitive conduct, justice Officials Say google has accounted for nearly 90 of all general Search Engine inquiries in the u. S. In recent years. The lawsuit also alleges google gives the dataa obbtainned froms Search Service for its advvertising business. Google denies the allegations, describing the lawsuit as deeply flawed, saying people use google because they choose to not because theyre forced to or because they cant find alteernatives. Analysts think there will be a prolonged court batttle over t companys business model. Google was fined about
A highway in the countrys eastern kharkov region 27 people were on board but only 2 survived theyre said to be in a Critical Condition suffering severe burns the twin engine antonov a n 26 and you will hear what you have crashed while coming into london the city of chile which is about 500 kilometers east of the capital kiev the preliminary cause of the accident is being stated as left engine failure the parties are still investigating the countrys president vladimir selenski is to visit the crash site on saturday. A machete its not clear the former paris headquarters of the satirical magazine Charlie Hebdo is being treated as a terror incident 2 suspects were detained at the scene with 5 others arrested at a flat links to the attack the french Prime Minister under interior minister have visited the sea from their holiday bensky reports. The National Anti Terror Agency has opened an investigation into this incident this attack which took place in the 11th hour home decent of paris in t