The hearing was set before the bank agreed to pay 4 billion. The race for tiktoks assets aress the globe sees we told its been talking to geo platforms. We do have some breaking news crossing the bloomberg. Current account numbers coming through. We are getting the july current account surplus coming in at 7. 5 billion u. S. Dollars. The trade surplus sitting at 6. 9 7 billion in july and we are watching out for some other developments coming out south korea today. Highlevel officials of the Ruling Democratic Party and the government will be meeting to discuss a second cash handout and potentially a fourth extra budget according to local mode media reports and we are expecting perhaps an announcement when it comes to the social distancing measures as well as the coronavirus update to come. Lets take a look at the fed when it comes to the markets. It was a fallback overnight when it comes to u. S. Stocks and driven by a correction in the highflying tech sector. We saw u. S. Stocks falli
On the value of its new business, following the fall since it listed the most. We will be joined by the ceo. Reports amid rising u. S. Tensions and fears of backlash from the white house. More challenges may be growing closer to home. Lets get a quick check of the markets with sophie kamaruddin. Stocks with a subdued start, futures lower. Kiwi stocks higher by 0. 2 . At m a, andlooking south korea raising a red flag. In sydney, stocks hit a fivemonth high. Qantas hosting its first loss in six years and warning it will not make money in the next financial year. 2000 after retreating on the fed minutes. The index going since jumping the most since june on the fed. One analyst said he does not think positioning is stretched, but even with broad dollar weakness, asian currencies have underperformed, but record forex reserves are one key reason. Steady afteryuan retreating from a sevenmonth high, retracing gains it has seen since last month. Focus, callsira in for the central bank in turkey
Expected to drop 24 year on year. The futures are looking slightly lower, down four points. We are looking at some of the currencies. As david would say in the last hour, the bloomberg dollar index is on track for its worst july in a decade. A more dovish start from the fomc. No big surprises from the fed, but the lower mantra weighing on the dollar. The dollar index is flat, at least for now. Wellussie in his flat as aussieyen is flat as well. We move on to the commodities and the yield story. The question marks around oil were in focus as well towards the end of play yesterday. You saw a reduction in the u. S. By about 10 billion barrels. That gave some support to crude prices and wti, currently flat. Gold is now 5 10 of 1 . The 10 your yield on year, still below 60 basis points. 57 is barely moved, risch. Rishaad yep. Global coronavirus case is approaching 17 million. More than 660,000 people have died now. The states recording 150,000 fatalities. California, florida, and texas post
Under water after some of the heaviest monsoon rains in decades but a 1000000 people are seeking Higher Ground with river set to rise further. President donald trump strips hong kong of the special trading status hardening the u. S. Stance on china for its clampdown on human rights that. An exhibition tennis tournament here opens its doors to spectators for the Laboratory Safety protections the 1st major sporting event in germany to welcome back fans. Welcome to the program the Irish Government and apple have won their appeal against a 2060 e. U. Decision that sat. To pay the Irish Government certain buildings heroes and back taxes money that island didnt even walled so i took the case to europes 2nd highest cost of a long denied that its tax origins with apple amounted to illegal state aid the European Commission is expected to appeal the ruling to the European Court of justice and. Earlier this year then irish Prime Minister lavrov Current Apple chief executive tim cook had an annive
Its a blow to e. U. Efforts to crack down on 3 top tax fields for big business. That of bangladesh is under water after some of the heaviest monsoon rains in decades and rivers are set to rise even further. Also on the show an exhibition tennis tournament here in berlin opens its doors to spectators with elaborate safety precautions its the 1st major sporting event in germany to welcome back fans since. Im going out as welcome to the program u. S. President donald trump signed an executive order ending a Hong Kong Special trading privileges he also has announced sanctions against officials and banks involved in beijings frak down on Civil Liberties in the territory china has condemned the decision and says it will retaliate with sanctions on the u. S. Its citizens. In other escalation of tensions between the u. S. And china trump took actions against china in retaliation for its recent moves on hong kong he authorized sanctions on banks and officials involved in imposing a tough new se