A punishment or a redeployment a u. S. Decision to remove Patriot Missile batteries from saudi arabia is making the kingdoms leadership nervous they were supposed to protect riyadh from iran so whats changed and this boiled politics at play this is inside story. Hello and welcome to the program im peter dobby the United States is removing its patriot and t. M. Missiles and other Weapons Systems from saudi arabia the us president on the trump says its part of an effort to scale back on a military presence that he says doesnt benefit the u. S. American weapons and fighter jets were sent to the kingdom last year after Saudi Aramco Oil facilities were attacked they were also intended as a deterrent as tensions rose between tehran and washington but the reduction in the u. S. Military presence is believed by some to be based on assessments iran no longer poses an immediate threat to u. S. Strategic interests when asked about the decision President Trump stayed away from giving specific deta
Chinas economy contracts for the First Time Since at least 1992 after the coronavirus lockdown but industrial output numbers offer signs of encouragement. Stocks push higher as President Trump outlines steps to reopen the economy despite data showing 5 million more americans filed for unemployment. Plus hedge funds suffer a volatile march. And the worst ever losses posted. We will see this morning what u. K. Asset manager things. Breaking headlines on european car sales plunging 52 in march. European car sales more than getting cut in half in march yearoveryear. The biggest drop on record. We will be sure to talk a lot about cars today. Hsbc upgraded bmw shares to a buy. Anna a lot to talk about in terms of the car story an interesting to see the plans are around reopening car production. Let us talk about man group. The World Largest publicly traded hedge fund. Net inflows for the First Quarter, 5 million. Standing at 104 billion u. S. Dollars. These numbers are coming through. They a
Week of lockdown and fears of on rest are growing Armed Police Guard supermarkets as people run out of food and money. Plus tracing the virus by smartphone a new app here in germany aims to cut infections but are we making a choice between Public Health and personal privacy. Im Claire Richards and thanks for joining us the number of coronavirus cases around the world is approaching 1000000 with more than 200000 factions the United States is by far the worst hit country new York Governor Andrew Cuomo has ordered the shuttering of all the citys playgrounds to keep people apart and save lives president john will trump says america will soon have more ventilators than it needs and will be able to help other nations for now the emergency at home is still getting worse the epi center of americas corona Virus Outbreak the streets of new york are deserted. But ambulances are a constant presence on the streets the states death toll has doubled in just 3 days a refrigerated truck was brought in
Managing risk right well that was a tool developed to manage risk but when that didnt work all the time 100 percent of the time bankers got their friends like jay powell lets look at this tweet from you are you ready for monday jay powell goes but. I get my spanish comes in handy there to know how to roll those are yes but once theyre Risk Management tools starting in 1987 when the portfolio insurance crash the markets the fed came into the rescue and as the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk in the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pension Funds risk cannot be created or destroyed its persistent within the markets and options and derivatives allow you to separate risk from reward
The coronavirus means some good news for the world at least with millions of owners stuck at home amid the pandemic our 4 legged friends are getting quality time in quarantine many shelters are also seeing a surge and i drop chickens to fill lonely la county. Thanks for joining us the number of coronavirus cases around the world is approaching one a 1000000 with more than 200000 factions the United States is by far the worst hit country new York Governor Andrew Cuomo has ordered the shuttering of all the citys playgrounds to keep people apart and save lives President Donald Trump says america will soon have more ventilators than it needs and will be able to help other nations for now the emergency at home is still getting worse. The epi center of americas corona Virus Outbreak the streets of new york are deserted. But ambulances are a constant presence on the streets the states death toll has doubled in just 3 days a refrigerated truck was brought in to help this Brooklyn Hospital deal