Is slightly better than economists were expecting an better than the previous month. Leasing Property Investment looking better. Fixed assets investments, also a drop of 6. 3 . Aonomists were looking at drop of 6 , but the trend seems to be better than the previous month. I guess it continues to show that this could still be an uneven recovery we are seeing in china. Uneven recovery but a broadening of chinas recovery, as well. We heard new home prices, the most in six months. That is a good sign as the economy reopens. We are seeing how home prices in terms of growth has accelerated. Easing on credit, helping a lot. Just to recap, retail sales, 2. 8 . Retail sales, still contracting, retail sales have collapsed. Consumers are pretty cautious when it comes to coming back to spending. Beijing and other chinese cities are giving up consumption vouchers to its people. They encourage them to spend in the fiscal month of the year. Retail sales slumped 16 nationwide so as long as retail back
Position and as you know, without a fallback language or some appropriately established safe harbor, until a new reference rate can be used significant legal problems and challenges are likely to occur. So with this in mind, as libras scheduled end nears and so far and so far is a secured overnight Financing Rate apparently will take its place, tell us, chairman, what can we do what can be done to accommodate the numerous contacts that do not have fallback provisions . Thank you, mr. Scott. You said it very well. This is a i think there are 300 trillionplus in contracts referencing libor in five different currencies the manipulation was revealed really almost a decade ago, and i think the financial conduct authority, which supervisors the libor banks has said its an important day as the fed chair testifies in front of the House Financial Services committee. Im Carl Quintanilla with deer ra bow is a here got some record highs here the chair has discussed several things, facebook, libra,
This. Well, to go through the papers this morning, im delighted to be joined by australias former high commissioner to the uk, the former minister former foreign minister Alexander Downer, whos now chief not chief chief chair, actually not chief chair policy Exchange Chair of the policy exchange think tank. Nice to see you this morning, thanks morning, alexander. Thanks for joining me, i know weve been talking green room about talking in the green room about these mad stories now about Penny Mordaunt being the answer to tory prayers. Lets talk about that appears about the polling that appears in sunday. First of in the mail on sunday. First of all, basically predicting electoral oblivion. Wipe out whatever word you want. An armageddon for the tories. Do you agree with that analysis that labour could be winning, or on course to win a 250 seat or plus majority . Yes, i must say, as i go around the country that is the impression i get. But people arent very enthusiastic about laboun arent
Mr. Wessel good morning. Im david wessel, director of the Hutchins Center here at brookings. I want to welcome everybody and i am very pleased to have mary daly, the president of the Federal Reserve bank of San Francisco with us today. Mary daly, who is an economist, joined the San Francisco fed in 1996, and she worked on a number of issues, labor market dynamics, income inequality, and rose to be the director of research and became the president in 2018. Now she is one of 12 reserve Bank President s and, except for new york, the other 11 are sort of considered the same. But mary daly has the distinction at her district because we drew the lines in 1913, which represents a fifth of the nations population. But unfortunately for her, they do not do population weighting when you vote on the fomc. Ms. Daly no, but maybe they should. [laughter] mr. Wessel so, president , i wanted to start by talking a little bit about how do you read the economy right today, and there seems to be a sense in
By artillery. The Southern Group of troops is grinding down both enemy infantry and equipment. With a clear adjustment, the artillery hit the tank with a stage, destroying the equipment and militants. Our fighters repelled 10 attacks by assault groups in the artyomovsky, marinsky and ovdeevsky directions. Enemy losses amounted to more than 350 military personnel, a usmade m777 gun, a polish made crab selfpropelled artillery mount, and a german made panzer 200 howitzer. Howitzers. C1 clove and d30, the air Defense System also shot down a ukrainian su25 attack aircraft, five hymers missiles , a guided american aerial bomb, as well as more than thirty drones, which took the target on the 11th launch. This missile is sent along a coordinate straight to the loading point of a train with armored military equipment in the nikolaev region; it was destroyed by a highprecision strike. Vsoo were left without reinforcements. Near snegerevka, nikolaev region , a missile and artillery warehouse 534