Government bans the purchase of new 5 g. Equipment from the chinese tech giant holway. 14 people are dead in ongoing cross border fighting between azerbaijan and armenia. And im really wanting is with the sports news and saudi arabia tries to tell you. Newcastle united it announces that its canceling the license of one of the premier leagues biggest calls partners in sports details coming out this hour and beings reaction to. The International Court of justice at the hague has ruled in favor of qatar in this dispute with 4 out of countries that have imposed a blockade on the gulf states and have prevented qatari aircraft flying over their airspace the court said the u. S. Civil Aviation Agency has jurisdiction in this case. Because of one. Unanimous. Reject is the other the froth by the kingdom of bahrain the art of that bubbly coffee get the kingdom of saudi arabia and the united at of immunity to. Buy 15 both the one. Told that the council of the International Civil Aviation Organiza
Well. We are in a grimmer america and the trend we are seeing in this pandemic, what do you observe in london on this wednesday . Iancine more than london, wanted to give you context on the rest of the u. S. It is a different market in the u. K. , many more homeowners and people do not live as much as in the u. S. Paychecktopaycheck. In the markets, we do not know what will happen because all of the rent due in the u. S. In the credit markets, regulators are racing to deal with this. They have more than 1. 5 trillion in outstanding debt, something we need to keep an eye on. Tom emerging markets front and center. Right now, our first word news. Viviana President Donald Trump is largely giving up his optimistic tome and warns tone and warns the u. S. To brace for one of the toughest wretches ever. The corona stretches ever. The coronavirus could kill 240,000 people. Overw york, the death toll 1000, new york state reporting over 75,000 confirmed infections. That exceeds the place where th
Quote, took proportion gnat measures in selfdefense under article 51 of the un charter targeting base from which cowardly armed attack. President trump tweeted, all is well, missiles launches from two military bases a sassessment of casualties and damages taking place now. So far, all is well. I will be making a statement tomorrow morning, meaning this morning. We are awaiting word when to expect that statement from the president. Stock futures initially sank with the dow pointing to more than 400point loss today. Futures have paired those losses now dow futures down a few points even with those declines, the dow only down by six points. Along with the nasdaq and s p. S p was down over 50 points overnight. Right now, you are looking at positive territory for both of those. Whip saw action in crude oil oil for wti up to 63. 02. Gold prices briefly touched 1,600 overnight you are going to see 1,582. 5. The boeing 737800, not a max, crashed in iran yesterday the jet went down moments afte
Meeting with, and of course better known as the new nafta. And the s and p and the nasdaq hitting new highs. Lets bring in our investment committee. Joe, stephanie and john, marg reet reed, union bank private bank, and rob of ubs private wealth management. So stocks, joe, pushing to new highs. Youve got the president who is probably going to tout a strong economy, high gdp, low unemployment is he going to give the market another leg up i think you and i used the phrase coiled spring here we are, we are springing higher, with very good reason. I think when youre looking at the steepening of the yield curve, the uninversion, if i could create a word, the uninversion of the yield curve, theres been a significant rebound in yields. And then earnings, and steph talks about earnings all the time eps gross was expected to be negative, 3 to 4 we came in down only 1 . So i think there is a lot to present a very fertile environment for the capital markets. Every asset class is higher. Where is t
Be 50 bits rather than 25. 00 and just before the g. D. P. Figure was released finance minister some of them are on announce that 10 Public Sector banks would be collapse into 4 after the mergers there would be a total of 12 Public Sector banks there were as many as 27 Public Sector banks and 2017 and the sector has been dramatically undermined in recent years by a rising tide of bad loans on loss and confidence in the wake of scandalous collapse of Punjab National bank the revelations of fraud in 2018. Turning to another flood the economy argentinas move to renegotiate 101000000000. 00 in debt was briefly labeled as a selective default by the movies Rating Agency in a statement moodys cited the macro administrations failure to sell bonds to finance approaching Debt Repayment payment deadlines and said quote following the continued inability to play a short term paper with private sector Market Participants. Government unilaterally extended the maturity of all short term paper on augus