Lets get straight to steve liesman. Jay powell testimony before the House Services committee will note improvement in the economy saying Household Spending has recovered three quarters of the decline and say this is in part response to federal spending and higher Unemployment Benefits which is running down he said housing has rebounded and Business Investment showing signs of improvement but overall employment and Business Activity with well below the prepandemic levels an the out light is uncertain. He makes special mention of the feds main Street Lending program, a 600 billion program with a backstop from the troo z treasury hell be speaking tomorrow before the house financial Services Committee with treasury secretary Steve Mnuchin and this is required testimony about the cares act where they have to quarterly appear before congress and discuss progress with the lending programs. The terminology, highly uncertain, is that different from what the clair has used in the past. This is t
The governor of texas warns of a massive outbreak. The imf adds to the gloom, further lowering its Growth Outlook, saying the pandemic will cause even more damage than first feared. Haidi that lead really playing into the downside we are expecting in the asian market session. Lets get it over to Sophie Kamaruddin in hong kong for a look at what we are expecting. Board, pulling up the asian futures pointing to losses of 1 or more amid the imf. Warnings of a deeper recession with japan and the Growth Outlook taking a hit. 1. 2 in theup by red this morning. A down day with trade disruptions back on the table alongside virus risks. Flipping the board, we are seeing bonds on the advance. Aussie tenure yields off by four basis points. Treasury futures to the upside after the overnight flattening we saw in cash yields as the bond market is signaling a more cautious outlook than we have seen in stocks. Check out the dollar extending gains against g10 peers with increasing u. S. Trade tensions
Falling il since the beginning of july 65 the cases are between the ages of 18 and 49. Joining me by skype is. Domingo. Thank you for joining us. Repter thank you. The age of affection is dropping drastically. Why is this . Is it related to reopening . That is a. Great questi we see the average age of earlier in the pandemic was 65 years old. No some reports are low as 35 years old. We have seen the s ift, it gone down word. There are probably two ways to think about this. We asked older people to stay for this type of fection. What we reopen people did stay home. Went out. Ounger people that they probably did two types of things, they worked, that is what we asked them to do. They also had a good two time. The reason why the younger said you can go out and help us to reopen the economy. That is why they are at risk now. Reporter you enforce the protection. The younger ople are not getting as sick as people that are older. They are not dying at the same rate. Does this mean if you are
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