That are against sanctions against iran. And leaked documents outlining 2 trillion worth of transactions and a failure by banks to catch suspicious funds. Its is one bank named and shares fall to a 25 year low. We will come back to hsbc in a moment. A very good moment. 6 00 a. M. Where you are. I am. One 9 00 a. M. Where china and the yuan and the e. M. That whole narrative plays into markets. As you look into the fx story. China will grow and it will be the only g20 country to grow. If youre waking up in the city of london today, you are questioning whether or not we will see another lock down. Radioyor talking to lbc saying he will potentially talk about fresh restrictions today and we have the u. K. Chief medical officer saying the u. K. Is at a critical point. A balancing act for the government. What do you do with restrictions while maintaining the economy . Indy. Indeed. Setting the bank of england on a different path for a status quo mission. Bifurcatione is a and i do like that
Cut out for us to deal with, not only suppression, but Prevention Strategies here, with the immediate, as well as strategies to address the long term. The governor visit comes one day after he declared a state of emergency for napa and sonoma counties. The glass fire has grown 8300 acres since yesterday, it has now burned more than 56,000 acres. It is now 5 contained, but a red flag warning does remain in effect, strong wind could complicate the firefight is the concern for firefighters. Tom baker joining us live from the fire zone in napa county, where the impact has been really strong on the small community. The town . Except for the media and First Responders, this is calistoga, a virtual goes down, it has been that way for several days, and of course, recently, and you have First Responders and stuff like that but people arent allowed back in here, and because the fire isnt coming down into these towns a lot of people think the fire isnt so bad, well, we went just a little ways out
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
Cspan coming your unfiltered view of politics. The Senate Aging Committee looks at the coronavirus and Racial Health disparities. Members and witnesses talk about how covid19 disproportionately addresses fx minority communities. Effects minority communities. Senator moran the Economic Impact of the shuttered main street businesses resulting in responsible Public Health protocols have been felt in every corner of the country. T has become clear that however, during this time of National Emergency and courtney did recovery, there are scam artists that seek to take advantage of consumers especially the nations most full noble communities like that of our nation seniors. Sentinel Consumer Network reports that consumers across the u. S. Have reported cases of different scams totaling approximately 90 million in losses from january 1 until july 20, 2020. At home in kansas over the same time period, consumers report over 500 million cases. Everyone should also bear in only the these are repor
Highest level on a fourpoint scale for nearly two months. A request that bars, restaurants and other establishments shorten their Business Hours will be lifted next week. Tokyo reported the highest daily tally among the countrys 47 prefectures. Across japan more than 600 new infections have been confirmed on friday. In total there have been over 75,000 cases. More than 1,400 peoplele have died. Authorities are also concerned about dealing with influenza spreading at the same time. So the Health Ministry has decided to offer seasonal flu shots starting next month. Officials say theyll give priority to people aged 65 or older because they face a higher risk of falling seriously ill from viral infections. Theyre calling for other people to wait for over three weeks to get a shot unless they have an underlying condition that makes them vulnerable. Business travel between japan and singapore is restarting as they push to reopen their economies. Shortterm business visitors will be able to sk