Not only is a president being sworn in but also a Vice President thats not in the constitution of mali and the new president of this transition well hes a retired. Soldier retired officer of the the military part of the same division of the military joint and going to and we heard that he was approached quite early on by the military to take that position the reputation of this man. Being of man of integrity hes he was trained in the former soviet union and then in the 1990 s. He was then and this system to revise or to move said chary the president the time and he abruptly resigned over corruption allegations then again in 2014 he became the 1st defense minister a brain Boubacar Kate again he resigned after the president suggested that armed groups that the militia the malian army were fighting would enter great to the mahdi army himself so hes seen as the man that that beats corruption a man that straightforward thats all in this and that has the integrity and thats key to rebuild th
Powell makes his strongest plea for greater spending. Stocks selloff into the close, and treasury yields slide. Christine lagarde warns of a cliff effect if fiscal aid is ended too soon. France downgrades fourthquarter growth expectations to 0 . On nightlife. Down the german capital joins paris, madrid and london setting a curfew for businesses amid a resurgence in coronavirus cases across europe. Lets look at german industrial output figures. Speaking of the economic engine of europe, august industrial output falling 0. 2 month over month, that is worse than the estimates for a 1. 5 percent gain. In terms of an industrial output, things do not look good. News lets get breaking here in london. Numbers coming through from various corporates including tesco. Up by 7. 2 , the estimate was 7. 3 . They werenting appointing a new cfo, who will join the board. I think we knew the previous incumbent was going to leave the business, and this new cfo interesting to see if they give any comment o
To give us a story of whats going on. Yesterday we saw a big selloff on the back of President Trump tweeting he will call off a lot of the stimulus talks. Mood focuses on tech giants and corrections we saw there, but they are also arriving in europe put together with bonds and investors digested the tweets from the president , but eurobonds climbing. Maybe there is a bat implicitly in the market that we get the extra monetary stimulus. Funds dody shows the deliver outperformance but they are not as quite not quite as smart as you think. Here is leighann gerrans. The European Central bank is signaling the need for extra monetary and fiscal stimulus. Saysdent Christine Lagarde her greatest fear is a cliff ise in which fiscal aid brought to soon. It could be prudent to add extra monetary support to sustainably lift inflation. The French Economy is set to stagnate in the last three months of the year as the certainty of certainty and risks of lockdowns. The nation pasta just agency rated i
Spain is working on a six year plan to kickstart the economy. So there could be something in terms of maybe transitioning as well. We are inspecting the news at any moment, but i think a lot of the markets will depend on what happened in the u. S. Tom we are working on the six hour plan. Knows what will happen in the next six hours. We have to get to the debate tonight in salt lake city, utah. Kevin cirilli is up for the debate. You are right for the opening, this is a big deal. Francine i dont think a Vice President ial debate has been more important. Lets get to first word news in new york city with ritika gupta. Ritika President Trump rocked fedstock market and spurned chair powell by holding stimulus talks, ending negotiations with democratic leaders, saying nancy pelosi is not negotiating in good faith. He said he will get a major stimulus bill passed after he wins the election. Powell had warmed that too little support would lead to a weak recovery. President trump is getting tle
Sep currently up 0. 4 percent, on the back of protests over the weekend. Rishaad 44 minutes to go before we get trading underway in india. Nifty futures coming under pressure, down by 0. 4 . Looking at the crude oil picture, they are sustaining some of the gains we have had. A 10 rise in the last five trading days. It could be on, the march to the 100 level according to some. And a look at what is going on with the yuan, at 6. 76. We see the fiveyear loan prime rate holding study from the previous month. Holding steady from the previous month. Lets have a look at what is going on with the first word news. Lets join karina mitchell. Karina a very good morning to you. New japanese Prime Minister has held his first call as leader with president trump, with the para bowing to strengthen ties. They also agreed to incorporate on a vaccine. He may meet the u. S. Secretary of state soon. Others. Spoke with trump says he will nominate a successor for Supreme Court Justice Ruth Bader ginsburg th