This is business im Kate Ferguson thanks for joining me Global Markets are on course to end the week higher as investors expressed optimism about the prospect of joe biden becoming the next president of the United States in asia indexes in hong kong and shanghai traders 7 on the expectation that the United States under biden would lead to an improved trade relationship with china hopes are also rising among european investors who believe that i trade reset with the u. S. Could prove a major boost. Lets take a closer look at transatlantic trade with found lying a chairman of the european parliaments committee on International Trade welcome mr lying in the last 4 years have turned the transatlantic trade relationship on its head is there even any going back at this stage. I hope of course to survive moby looks for that because indeed we have a lot of Serious Problems is that our trade is with the lust for us because both borders the terrorists on to the the expression of. The state the.
I dug into and im excited to tell my daughter about it. For those who have not been following as closely, through the Artemis Program, the United States government will work with industry and International Partners to send astronauts to the surface of the moon, another man and another woman to the moon, which is exciting, conduct new and exciting science, and demonstrate americas values. To date only 12 humans have walked on the moon. That was half a century ago. The Artemis Program provides exactly the opportunity to add numbers to that, of course. Lunar exploration has broad and bicameral support in congress, most recently detailed in the fy201 Omnibus Spending Bill and we support this effort. Can you update us on the president s thinking on the issue of forgiving Student Loan Debt . There are some groups that are pushing anew for the president to forgive all Student Loan Debt. Where does he stand on that . Sure. The president has and continues to support canceling 10,000 of federal
In terms of the euro, that is firmly in focus. European leaders meeting in brussels at loggerheads over how to rollout the plan. The offshore currency is essentially flat. The fix is essentially 6. 99. That is what the aussie yen is doing. The u. S. Dollar has ticked up 2 10 of 1 after a number of weeks of weakness. We can move it onto look at some of the commodities in the 10 year. A bit of concern about demand destruction for crude given the infection rate in the u. S. Florida, some policymakers saying the virus is out of control in that state. That will be a concern. 40 for wti. You still have this significant divergence between the 10 year, u. S. And china. Rishaad just getting some news from a motor company. It is secured funding from a variety of private equity companies. What it does show is chinese startups promising vehicles. Attracting funding even as we are seeing the industry having a rough time of it. This is leading to x peng saying the Company Managed to achieve the 400
600,000. Los angeles is facing a new lockdown. Tokyo and hong kong reporting record numbers. Australia is set to deliver a new budget, may be the biggest blowout since world war ii. Lets take a look at how we are setting up when it comes to markets. Ures this is how it is shaping up when it comes to the future contracts. A Third Straight week of gains when it comes to the s p, managing to withstand the lakesession latesession wound. Slow but steady rotation away from growth in tech. Much more going into value. Futures are up by about 0. 1 . Positivity when it comes to the trading in tokyo, just about 0. 2 higher. Chicago nikkei futures are higher, all eyes on whats going on in brussels with now three days of negotiations in the eu to reach this agreement on the stimulus package and hand out details. We are hearing details, including that the netherlands and austria remain the strongest holdouts in the eu recovery talks. A bit of anxiety playing through when it comes to the eurodollar t
Rose still who tragically died on Ethiopian Airlines flight 302 and thank them for participating. March 10th marked the 1year anniversary of the crash of Ethiopian Airlines flight 302 which was preceded by the loss of land near flight 602. The aircraft involved in both accidents was the boeing 737 max. Our deepest sympathies go to the families of those loved ones who are among the 346 lost in these crashes. Since the Ethiopian Airlines crash the committee has heard from many whistleblowers at boeing and in the Aviation Industry. It is increasingly clear from the investigation that the faa has the number of serious problems, the investigation staff of dozens of witnesses, thousands of documents and emails who have been diligent in pursuit of these facts no matter where they lead. However, i must express my profound frustration with the agencys lack of response to most of my requests dating back to last april, documents that stem from whistleblower disclosures. On april 2nd, 2019, i sent