Jackson hole goes virtual. Jerome powell gives an update on the central Bank Framework review. We hear from bank of england governor Andrew Bailey and ecb philip lane. No more lockdowns here. Italy joined france and spain and rolling out another nationwide shutdown. Despite rising cases in all three countries. Global infections past 24 million. The eu trade chief phil hogan quit after growing criticism that he broke my wrist rules by going to a golf dinner. Just under an hour away from the start of cash equity trading in europe as hurricane laura makes landfall in cameron, louisiana. See european futures swinging back and forth between gains and losses. Right now, dax futures up about 1 10 of 1 . The futures doing a lot of nothing. A bit of a stall after global stocks really had an alltime high again yesterday. I want to bring you some breaking news on wpp. The second quarter, organic sales at the advertising behemoth down 15. 1 . This sales hit was something that investors were focuse
Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
This is tomas decks and he used to be a bank clerk now in his new home of china hes a star like. Almost x. And is an influencer he promotes German Companies online in china he spent the last 4 years living in shanghai watching how chinas digitalisation history in past that of germany. This includes payment one standbys as coffee but thats not all. Musty x. And uses apps to organize his entire life. 50 stuff with advice for instance i can use city service to check how much pension ill get Health Insurance parking tickets you can even pay your electricity your doctors bill how you can do just about anything in just one simple app i dont carry my wallet with me just my cell phone and you know but. And since this is now the case for most people in china even the poorest have switched to mobile payment this man is wearing his painted up coat around his neck. Did the digitalisation really is a revolution would you dont get to choose whether to take part in it or not if you just. After. Digit
Critics say he failed to deliver on most of his promises. One of chinas biggest conglomerate says it is optimistic despite divisions with the u. S. From the boss involved. Shery we are getting Industrial Production numbers from the month of july in south korea falling. Missing estimates it would only fall by around 2 . We also have the month on month numbers. A gain of 1. 6 . That is missing estimates it would rise more than 2 . This is also a deceleration in gains when it comes to those numbers from the previous month. We do have the outbreak in south korea worsening. Virus pandemice within south korea and overseas. The numbers are not that surprising. Improvingn numbers and the slump easing for the past three months. When it came to the numbers in august, we saw the number starting to deteriorate. We are seeing those Industrial Production numbers missing estimates. Contracting 2. 5 year on year. We do get tomorrow, south koreas Second Quarter final gdp numbers. We will be watching th
The freeman foundation. By judy and Peter Blum Kovler foundati; pursuing solutions for americas neglected needs. And by contributions to this pbs station from viewers like you. Thank you. Latest headlines for users and tens of thousands march on washington in a civil rights demonstration. Demonstrators called for renewed htefforts to for justice. Activist al sharpton said it is time to stop the killings. Iv black matter and we wont stop until it matters to everybody. We are going toalk together. The rally comes exactly 57 years after a quarter of a Million People gathered for martin lgher s call for racial equality. We will be live inashington for the developments. Als ahead, britain empty town and city centers. The campaign to get staff back in the workplace. Hurricane laura kills at least six people in louisiana. You are watching bbc thousands of black lives matter demonstrators have gathered in washington to mark the 57th anniversary of Martin Luther e families of black americans sh