The dollar gaining some ground after paring losses after that meeting. Fx sellinging asia off, especially the renminbi after reaching may 2019 highs. There are signs perhaps the currency is being overbought. Expecting boj, boe, and Bank Indonesia today. Those currencies and focus. Watching the bond market as well put it did not get adjustments on qe from the fed. We saw the 10 and 30 yield spike coming off a little now but that did lead to earlier the yield curve steepening and coming off a little. We are watching brent crude as well as wti. Also saw off some of the highs we saw overnight. There is optimism for demand but that is also losing some of those gains right now. Tom lets get you up to speed with some of the first word News Headlines and other stories. President trump says a Coronavirus Vaccine could be just tribute it widely as early as october, contradicting statements by some of his top health officials. The head of the centers for Disease Control and prevention told a Sena
Beijing praises the decision while President Trump says he is not a fan. A focusson says now on his cabinet lineup. And plans for structural reform. Are seeing a lot of investors sticking by the sidelines, a quiet session in the u. S. Overnight. Wall street hanging out to see what further guidance we get from the fed after their decision. A great chunk of investors will be waiting for more details as to the revamp inflation target. We are seeing futures trading flat. This after we saw u. S. Stocks rising. The s p seeing a Third Straight session of gains. For a change, we saw gains across tech, outweighing the decline we saw across financials. Treasury yields at the dollar end of the day, where they started. We are seeing the likes of the dollaryen holding steady, this as we look set to see the appointment of yoshida suda as the new japanese Prime Minister. As well as hearing more about whether we will see continuity across his cabinet appointments. We are watching at to see if another
Contraction for the australian economy. Worse than anticipated, but investors with a moment shrugging that off. Chinese markets under pressure. Quickly moving it along, having a look at what else is going on out there and doing that, of yvonne. With yvonne lets start with that aussie gdp number. The second consecutive quarter for the three months through june. And thee first first technical recession in 30 years for us trail you Australian Household spending well by 12 as lockdowns and restrictions shut out consumers. The aussie dollar against its u. S. Peers. Theres a new warning about the u. S. Economy with a fed governor ating there is uncertainty head. She told the Brookings Institution that america will be to depend on the fed and policymakers in d. C. As the economy continues to recover from the coronavirus pandemic. She says Monetary Policy must pivot from stabilization to accommodation. Treasury secretary seems to agree with the fed governor, saying the u. S. Economy urgently n
York city to your couch somewhere in the world, this is the daily social distancing show with trevor noah. Lets kick things off with the black lives matter movement. Although you may be hearing less about them than you used to, protests are still going on around the country. In part because Police Brutality is still going on around the country. And the ripple effects of this movement are reaching all aspects of American Life including a longawaited change in the nfl. The Washington Redskins have officially retired the redskins name in indian head logo after 87 years. The Football Team announced the change following recent pressure from spoarnses and decades of criticism that they are offensive to native americans. pe some time due to trademark issues. Lawyer warrior, red wolves and red tails are some of the popular choices among fans on social media. Major retailers already removed redskins apparel from store shelves and websites. Trevor yes, after decades of resisting the Washington R
Glee say goodbye on the day the actress body is found in a california lake. How rescuers say she may have saved her little boy before she drowned. And flight risk. Hear new Details Behind the arrest of Jeffrey Epsteins associate Ghislaine Maxwell. Why Bank Accounts and passports are evidence she could try to flee. First, todays eye opener. Its your world in 90 seconds. If the basics are not followed, there is only one way this pandemic is going to go. Its going to get worse, and worse, and worse. The resurgence of the coronavirus has forced california back into lockdown. Every county in the state of california. It is truly historic. We havent even begun to see the end of it yet. President trump is downplaying tensions with dr. Anthony fauci. I have a very Good Relationship with dr. Fauci. I find him to be a very nice person. I dont always agree with him. Officials confirmed the body of hollywood actress naya rivera was found in a Southern California lake. She mustered enough energy to