Financial leaders on the economic recovery from culinary to help developing nations recover from the pandemic follow and longterm impact of children not attending in person passing. This is one hour. I am ceo, i have the pleasure of being the moderator for today. This is precisely the focus of this Years World Bank annual meeting which will take place starting week of october 12 and convene Global Leaders from governments, business and civil society. To set the stage for the meeting will hear today from World Bank Group president David Malpass, and what it will take to tackle this crisis, and how we can turn this into an opportunity to build a path towards the resilient and includes a recovery. He will be joined in conversation with nils stieglitz, president of Frankfort School finance and management. But first well hear from doctor jens weidman, president of the Deutsche Bundesbank who join guest from his office in frankfort. He is been president of the German Central Bank since may 2
Lead reporter for coverage of the 9 11 terrorist attacks. His books also have made big news and drawn many readers pick his nose book rage is his 20th. All of been national bestsellers. We are accustomed to bobs books taking us behind the scenes of highlevel meetings and into the minds of those making critical u. S. Policy decisions. His extraordinary about United States is at this time donald trump himself spoke with bob not once or twice but 17 times while the book was being written providing a remarkable series of glimpses into the president s thinking at key moments. The conversation with bob the cd will be another prizewinning journalist jane mayer, chief washington correspondent for the new yorker magazine which is been for 25 years. Jane is also the author of authoritative books that helped deepen our understanding of such important topics as the money behind the rise of the radical right, the war on terror, the Clarence Thomas hearings, and the irancontra affair. So jane and bo
Very, very, varied longtime. What does that mean for u. K. Asset . Strategistnvestment is joining us now. David, the u. K. Economic outlook is really bad right now. We have had a bounceback a little bit in the month data, but it makes grim readings. U. K. Asset pricing enough in terms of the downside . Dont think they are pricing enough bearing it was a truly terrible q2 gdp number. That was expected. At the moment, investors are taking some comfort with a decent pmi number for the u. K. Some of these monthly gdp data from the statistics have been revised up for june. After such a big decline, we are going to get a bounce in q3. We may get doubledigit growth in q3. For the headwinds are really significant. It is being massively underreported in the u. K. It has been a sticker shock for investors and for households and consumers from the furlough scheme. This brexit is still hanging out and never seems to go away. Alix what is the down lot what is the Downside Risk to the furlough . Is
Zimbabwes military and police enforce a ban on government protests. Dozens have been detained. News, yet another Major League Baseball team is hit by coronavirus. And nba basketball returns with social justice high on its agenda. We will hear from lebron james. Anchor coronavirus has already had a profound impact on the global economy, changing the way we live, work, and travel. The World Health Organization says this will reverberate for generations. In a meeting, the director general said the pandemic was a once in a Century Health crisis, the effects of which will be felt for decades to come. More optimistic news from americas top Infectious Disease expert. Dr. Anthony fauci believes a vaccine could be available within months. We are also starting to learn more about the impact on the economy. The pandemic has plunged the eurozone economy into a recession. Elsewhere, about 4 Million People in the north of england are returning to coronavirus restrictions because of a surge of infect
An expose are welcome to the program the European Union has pledged nearly 5000000000 euros more to help Vulnerable Countries battled a coronavirus pandemic the money is being raised at a summit organized by the e. U. And the International Aid Group Global Citizen the goal is to make potential vaccines tests and treatments affordable and accessible worldwide. A short while ago European Commission president. Talked about the need to expand access to potential vaccines we need to invest in producing vaccines at unprecedented speed and scale and a task of this size can only happen if the unites we need our best scientists to Work Together we need all Global Health organizations to join forces and we need governments business and financial faced to step in and provide funding tens of billions are required. And you know you chief International Editor Richard Walker joins us now from brussels with more on the e. U. Coronavirus fund raiser richard before we get to the money whats the politica