We have seen the g10 space benefiting from that, especially when it comes to the pound. There are brexit negotiations starting today in brussels. So far there is possibility of progress. It looks like we are in this seeing people are are saying this is the yen buying path of least resistance. We are looking at, when it comes to commodities, the gold futures. Right now. Silver and aluminum having a big comeback. You see brent crude hovering around 42 right now. One big interview to tell you about today. We are talking about market debuts in hong kong, gto express. Here is the bond market first. Not a lot of movement when it comes to the aussie 10 year yield. 77 basis points as people wind back the rate cuts. 3. 11 for the chinese 10 year still. This is what i was talking about. He is joining us for an exclusive interview at the bottom of this hour. A pretty stellar debut to start the week. Haslinda like you said, a lack of conviction. From get Market Analysis the asset strategist at j.
Allocated but hasnt gone out to anybody yet. So this bill will pass with basically democrat support, so reconciliation that allows them to squeak it by on 51 votes. And the compromise and unity that we heard so much about are not a priority at this white house so far. Republicans say this is a liberal wish list. President biden says that he will be the most progressive president in history. He told us that on the Campaign Trail and a promise that hes making good on and progresses are thrilled with it. Heres one progressive senator that said biden has been very good at the ending the garden so far. So are these passages about covid or about expanding the government here in the United States over the longer term . As this plays out, in the background of all of this about the money, theres a shift going on in the country. Take a look. Cases have dropped 47 since the daily average peak january 8. Very good news about where this virus is headed. Think about this. The governors that have rea
For the Global Economy moving forward well bring you indepth analysis we have a packed show today so lets dive right in. And we lead the program with Economic Data out of the worlds 2 largest economies as the globe continues to grapple with the copen 1000. 00 pandemic lets start in china officials are reporting the countrys g. D. P. Grew by 3. 2 percent in the 2nd quarter of 2020 compared to the same period last year now the Economic Growth was a sharp rebound after the worlds 2nd largest economy contract by 6. 8 percent year over year for the 1st quarter of this year now china was the 1st nation worldwide to start lock downs and stay at home orders in january but most restrictions have since been eased more positive data came as industrial output jumped 4. 8 percent year over year for the month of june better than initial estimates from economists now some experts see these data points as a sign of an economic recovery for china however retail sales fell by 1. 8 percent. For the month
The list and flat screen televisions this will take pressure off retailers ahead of the Christmas Holiday season still other product that will get hit. Only a little pressure. Because in the breakdown that some conducted for the items hit with tariffs on september 1st versus december 15th there are still tens of billions of dollars of foot wear and apparel categories that will be included in september 1st you have Musical Instruments, sporting goods, and a lot of food items that will be hit on september 1st. Musical instruments, is that a big market in the United States chinese made Musical Instruments . I dont know im happy that today youre serious today. It is a big show it is a big show. It is a big show every day thats the part that bothers me sometimes it is not. You say it is. Other times he says i will be honest with you. Im like really . Thats nice. In this one vignette you will be honest youre not always maybe honest but you say its a big show every day. You have backish today
The anticipation builds for what we could see from the poster child of Artificial Intelligence is really high. Ahead of all that, what we have for markets is the digestion of a bit of the fed speak. We are seeing Japanese Equities underperforming because we did get some trade data. It shows the trade deficit in the country and shows how the week yen is weighing on the value of imports, perhaps, perhaps obligating things further. The bank of taiwan is outperforming, but its really about nvidia, which tracks the question, the extent in which we see in earnings upward supplies, if this will impact the broader market. We heard from Morgan Stanleys chief u. S. Equity strategist weighing in on this. Take a listen. Ai is everywhere except in the numbers. Nvidia has been the big winner so far. There have not been another a lot of big winners. A lot of spending going on, but it has not trickled down in a way that is rising the whole tide. Theres a lot of ai dollars out there, and they are being