Could Drinking Water shortage on unemployment. What happens if your gonna stream of black coal oil promises starts december 4th w. A vaccine breakthrough leads to a record breaking day for markets look at the reaction to news that a medication developed by germanys bio on tech is effective 90 percent of the time. Also on the show turkeys currency comes balloting back after the country appoints a new central banker and finance minister lester is simple correspondent if big policy changes could be ahead. And its the battle of the boxes will microsofts new series x. Be able to take on sonys latest playstation. Blog welcome to the show im soon busy in berlin its good to have you with us. Asian markets were up tuesday as part of a global rally following news that u. S. Pharmaceutical Company Pfizer and its german partner biotech are on the brink of a Coronavirus Vaccine and the Companies Say theyre seeking a merge its the approval for their candidate to be rolled out in the us and thats fol
Toolbox, but there are no plans to use them. Since the decision, we did see the market pare back a little bit, pricing around negative rates. Bailey also saying the bank of england forecast has an unusually large downside skew. The reaction, the pound suggests the market took the boe forecast as pretty robust. 1. 3172. Dailey also says it is hard to draw a conclusion from the bank of vacant forecast and we must be careful not to over interpret faster indicators. Hes speaking in a briefing to journalists right now, saying the boe could use like forward guidance, negative rates of the toolbox. Tom it looks like it is moving the market with lower Interest Rates seen across the u. S. Sterling on a tear, 1. 31 69. Look for our conversation with the governor of the bank of england. Francine lacqua and the governor, 8 00 a. M. New york time, 1 00 p. M. In london. She has some very in pointed she has a very pointed questions from our economics team. From news in new york said he, ritika gupta.
Seemingly inknockous app as the latest threat to americas security. Speaking of bans, when apple ejected a small email service app a couple of weeks ago, the man behind that app launched a david versus goliath battle with the Silicon Valley behemoth and lived to tell. The co founder and ceo of an email parent base camp is here in a fox business exclusive in why this fight with apple may be far from over. Markets looking to close out their second straight week propelled by a major positive development on the vaccine front. The dow popping back above 26,000. And right now were slightly below it at the moment, but were still up 273 points. The s p up 21. And the nasdaq is heading for its third record close in a row, but the high spirits could change come next week if Second Quarter earnings season gets hit with the ugly stick. A stop economist is here to tell us how a top economist is here to tell us how it is going to play out and you can avoid getting bruised. A massive storm is bearing
Alleged phone call an apparent trade detente that was apparent flipflops leave beijing unsure of u. S. Policy. Is the first of chinas big touted by the u. S. Administration, we saw the yuan banks to report earnings. Six in terms of the senate how the trade war is affecting devaluation was the largest performance. Shery lets get you started since the beginning of august, when we saw the risk of event with a quick check up on how markets closed. Where the yuan bridged the seven level. Theintent is there from it was a wild ride, with u. S. Chinese site. Dogs paring back gains. The s p 500 finished down. 3 . If we see these levees continue to be raised on september 1 and it is a very financials leading the declines with the 10 year yield falling politically important date for below 1. 5 . He dow gave up 120 points the chinese. It is the 70th anniversary of the peoples republic of china. That is not something the chinese are willing to let slide it was a bit of a mixed picture with volatili
No longer off the table in the event of a worsening in trade tensions secondly the indicating quite clearly with the leaning against further weakness today that your fortys remain strictly in control of the currency that they have the resources to prevent what they see as a disorderly or excessive depreciation in the currency what if they lose control of the currency the market starts selling off too much you want say. Firstly theres no sign that thats the case and we saw that today the socalled fix against the dollar was it significantly below Market Expectations as a result of Risk Appetite really now in the event that they do lose control for whatever reason i think 2015 is a good example of whats likely to happen so we saw this was controlled by authorities but the sort of 4 percent devaluation of the yuan in one day chinese equates fell 30 percent he sold capital outflows from trying to accelerate quite rapidly and thats part of the reason that with already came to demonstrate tha