The National Guard is ordered out of washington as people protest continues. Lets check on the markets. Saw ong those gains we friday, resuming the rally on better than expected jobs numbers from that job support. We are seeing new zealand trading higher. Bouncing back from the friday selloff. Sidney, we dont have trading today due to the queens birthday, long weekend. We are watching the aussie dollar. In terms of u. S. Futures, we have seen a pop up of about 0. 5 . Lets look at the oil patch. We had the extension by opec in the alliance. We are seeing upside when it comes to crude, up by 1. 6 . New york crude just over 40 a barrel. Continued gains when it comes to commodity commodities related currencies. Sophie protests continue across the u. S. And around the world as some of the largest crowds gathered over the weekend. The demonstrations have been largely peaceful. Cities have lifted curfews and President Trump has ordered the National Guard out of washington. A bloomberg editor
Coronavirus forcing millions of people to stayathome, children tell us what they miss about life before the pandemic. I miss going to school, playing on playgrounds. Brent on this International Childrens day, we ask young people how they are adjusting to life in a changed world. And the artist known simply as krista has died at the age of 84. He became famous for wrapping buildings and landmarks. We will take a look at his life and his work. Brent im brent goff. To our viewers watching in the United States and around the world, welcome. In the United States, the brother of george floyd has appealed to protesters to remain peaceful, saying that his brother would have wanted peace and unity, nonviolence. Terrence floyd spoke today in minneapolis at the spot where his brother died one week ago today when a white Police Officer held his knee on George Floyds neck for nearly nine minutes. An independent autopsy has found that he died of the 60 asian due to neck and back compression. That co
New zealand going to issue 60 billion kiwi with Government Bonds between now and next year saying the net debt will rise. That will be in 2023. That is coming out of wellington. Looking at what is happening we have got the australian markets on the way. Of huge ball in the number people out of work but the Unemployment Rate better than expected, down to the dissipation rate their, falling quite drastically as well. That is where we have it. China 10 year bond. We have got yields going back as the price goes up. Risk off sentiment, facing unprecedented threats from the coronavirus and monetary and fiscal policy makers must rise to the challenge. Jay powell pushback talk of negative rates. Is an unsettled area i would call it. There are fans of the policy, but for now it is not something considering. We have a good toolkit. That is the one we will be using. Haslinda joining us from new york is nicole webb from weld enhancement group. So the fed saying not likely to go negative, but it is
Germany sees the economy shrinking at least 5 . This, as fears of a virus followup could last for years. We hit our we will hear from ceo bill winters this hour. Haidi lets look at trading when it comes to australia. Asia looking softer, potentially modest bump up after u. S. Stocks saw the first gain in three days of losses. In new zealand, trading is dataway, retail sales is a point we will be looking at later to give us an indication, not super forwardlooking, but at least how things stand in terms of the fed rate period, asia excluding japan looks like it has had a flat week so far. That is u. S. Future. Waitinghe bond market, for the ava bond purchase, the aussie yield curve steepening ahead of the government announcing option plans for the coming week. We could see a bump up in primary activity, looking at the threeyear yield to and the week below target after the central bank boosted liquidity and calmed down money markets. We are watching banking stocks after they cut fees, one
In singapore those numbers dropped 6 to said to further down in more ways than one australia lost a whopping 7 percent now that this goes on and it only continues downhill why are asian exchanges down so when when were hearing that the chinese are returning to work and the new cases of infection not subsiding. Thats an excellent question ben but it really still is very much attached or linked to the corona virus and theres even talk that the. Recession globally that we can cheer about the positive numbers that are coming out of china and you know that the fact is they still have some 80000 people still inspected to give the all clear whats even more worrying now more than whats happening in china are the numbers that are steady and fast rising spreading rapidly across other countries outside of china now government 2 banks are you know clearly not very prepared even with the stimulus measures that are being rolled out its the 1st time nobody expects a virus to hit the markets and sure