The world trade coming to an end. We have seen bond yields climb up. Have seen the u. S. 10 year moving out of the haven currencies and haven bonds. The yen seeing more weakness if you can call it suffering. That, bund futures seeing those yields go up as we see prices get sold off. Lets have a look at the first word news. Lets get to new york. We start with the reserve bank of australia. It is maintaining its glass thefull view, reiterating economy is emerging from a soft patch while also forecasting no acceleration in wage growth and inflation barely reach the bottom of its target. Growth oferly updated 2 , rising to 2. 75 by the end of 2020 and 3 in the year after. Embrace of virtual banks is going beyond its own shores. It says it wants to become a regional hub with advanced data expertise. Doing soauthority says will improve banking authorities at home. Managing director robbie menon says Southeast Asia presents a huge opportunity for virtual banks. We see some of these players be
Celebrations on the streets are living after the sudden resignation of president ever morales but the political crisis is far from over trust spains ruling socialist Workers Party win the most in sundays general election but for short of a majority after a surge in support for the far right fox party. Are all power fark with the sports as a player is sent off the pitch the spartans being the victim of racist abuse in ukraine. Thank you very much for joining as hong kongs chief executive has condemned the violent confrontations and described protesters as the enemy of the people in a show of defiance gary says the government will not bow to their demands after 5 months of demonstrations this comes after one of the most violent days since the protests began it saw a probe aging supporters set alight and a Police Officer shot and activists sara clock has more from hong kong. Protesters started blocking roads and ran lines during the morning rush hour at a crossroads inside one home distri
Thats with a t, according to the wilshire 5,000, the Goldman Sachs is warning that the good times could come to an end if one of the many Many Democrats pushing to reverse trumps tax cuts takes the white house next november. Goldman is estimated for every 1 change in the effective Corporate Tax rate, there would be a roughly 1 change in s p 500 earnings per share. And if tax cuts were entirely reversed, it could even shave off half a percentage from our gdp. The economy, liz, are they being overly dramatic . No, i dont think they are. They are basely saying you roll back the tax cuts, earnings go down by 11 , there would also be i think some change in the prospect of growth going forward, so i think multiples would come down a little bit, looking at a 20, 25 percent correction which some Major Hedge Fund players have been talking about, cooperman for example. I think that kind of market reversal is totally possible if Elizabeth Warren or one of these other people gets into office look,
God to be here. Maria investigation is turning criminal now dagen in terms of the origins to have russia probe, we are seeing more and more evidence of really exactly what went down as weve been discussing for the last 2 and a half years. Dagen ability to enpanel panel a grand jury and with bob mueller, the way special counsel worked, he couldnt report to congress, technically john durham would be able to report to congress, again, being out like keeping congress and the public informed about whats going on is going to be very important and flies in the face of what the democrats are doing in terms of this process because its not really impeachment. Maria youre right, we will talk more about that. Amazon stock down, profits fell 26 from a year ago, the companys heavy investment in terms of speed up shipment, the stock is off of the lows last night this morning but still looking at decline of 5 and a half percent, set to lose 40 billion in market value at the start of trading, mitch, yo
Gun violence. The Democracy Alliance Senior Advisor discusses her recent piece in the nation magazine, the Republican Partys white women problem. Roblem o. Host good morning. It is friday, september 6, 2019. Welcome to washington journal. There has been a notable update in a mission and outlook of a Major Business group, one representing some 200 Bluechip Companies that perhaps reflects the changing views in america over who corporations should be responsible to. This first hour, we will talk about that. Who should corporations be responsible to . 2027488000 is the number to call for democrats. 2027488001. E and for all others, 2027488002. You can send us a tweet at cspanwj or post comments to facebook. Com cspan. In addition to the change of the Business Roundtable outlook, perhaps the increasing crossroads between Public Policy in corporations like Johnson Johnson and Purdue Pharma over the Opioid Crisis or walmart and the gun violence privacy concerns over corporations like facebook