Data likely to report a substantial fall in Second Quarter of gdp. It will confirm a first technical recession in 29 years. Raced shinzo abe after he set his plans. The backing of the ruling party. Voters have another view. Haidi we are just getting south korea Inflation Numbers crossing the bloomberg. Slightly more inflationary when it comes to consumer prices. When it comes. 7 to the year on your number for soft arena. Southxpectations korea. Beating expectations. 3 . The month on month number of. 7 . Betterthanexpected expectations. Cpi caore number year on year coming at. 8 . Continuing to edge up. Still shy of 1 that we are looking for. We are starting to see a recovery when it comes to domestic demand. The influence of supportive base effects. Hoping to lift the inflation somewhat. We have the renewed resurgence in virus cases in the letter half of the month, likely to be accounting for the fall. Energy costs still low compared to the previous year. They are picking up. That woul
Discussion. Great. Lets get started. Since thesi outbreak of the covd pandemic, a faceting debate has emerged about the potential impact of the coronavirus on the global order. Some experts are maintaining the virus will have a transformative effect. For example, doctor Henry Kissinger has written the world will never be the same after the coronavirus, andy ward that the pandemic could up in the global order. And then there are people like professor joan i who contends that the pandemic is unlikely to be a a political turning pointd he believes many aspects of globalization will endure and suggest despite u. S. Mishandling of the pandemic that the balance of hard power and soft power will night shift fromm the unitd states to china which is of course part of the debate. Id like to start with a broad question. Do you think, congressman bera, that the pandemic will affect the global order inconsequential ways . If so, how . I certainly think this is the Largest Global disruption with had
Self infected but asymptomatic she gave birth in a peruvian hospital surrounded by doctors whose faces she could not recognise behind their protective gear. Its just one experience of giving birth during a pandemic for most women the conditions will be far less tragic. But still researchers believe the coronavirus could have an impact on Family Planning with women choosing to delay having children while the virus and the Economic Uncertainty that accompanies it continues to rain. This could intensify and already worrying downward trend in the global birth race for the past several decades fertility rates worldwide have been in decline but there are major regional differences in the share for instance the average woman will still give birth to 7 children in her lifetime in germany its less than 2. That has given rise to grave concerns about societys readiness to provide for rising numbers of elderly people whose pensions need to be financed by an average shrinking workforce the problem
World order and we will open up to questions from members. Thank you for joining us today, congressman. Thank you for that introduction. I want to thank the counsel for this opportunity. When you look at the list of participants, there are a lot of [indiscernible] lets get started. Since the outbreak of the covid debatec, a fascinating emerged about the potential impacts of the coronavirus on the global order. Some experts are maintaining that the virus will have a transformative effect. There are people who contend that the pandemic is unlikely to be a geopolitical turning point. He believes many aspects of globalization will endure despite the u. S. Is handling the u. S. s handling of the pandemic. Frompower will not shift the and United States to china, which is part of the debate. I would like to start with a broad question. Do you think that the covid pandemic will affect the global order in consequential ways . If so, how . This is thely think Largest Global disruption we have ha
John, to me the silence of this friday is the unemployment checks that will go away and the silence from washington. Jonathan i hope they are not looking at the equity market this morning. I hope they are focused on the highfrequency data and jobless claims. The recovery that we have been doing a victory lap on over the last couple of months. There will not be one this time around. Jobless claims are higher. Recovery is stalling. The economy needs more assistance. And congress is going for a long weekend. Tom so many things this morning and we will have a lot of different conversations to get you ready for the weekend. Lisa abramowicz, we all know in equities and commodities and currency, the bond market talks. It is speaking with a vengeance this morning. Lisa you are earning nothing on safe bonds. That is what this is telling you. Inflation will not take off. We are seeing record low yields. Almost back to its record low. I think you pointed to the most important yield we are looking