Greek island of lesbos thousands demand to leave after a fire destroyed the new towards the overcrowded maurya migrant camp. America children welcome to the program. Dozens of women have been detained in belarus as capital minsk after mass security of officers moved against protesters there demanding longtime president Alexander Lukashenko to step down many of the women were forced into unmarked vans or beaten by Security Officials following their call for jailed opposition leaders to be freed the lords has been swept by antigovernment protests following last months president ial election which solution a reelected in a vote the opposition says was raked. Afresh a show of determination and defiance thousands of women braved heavy security and an official warning to raise their voices against the government once more. Theyre demanding that president step down and that jailed opposition fakers be freed. After more than a month of protests this rally is just the latest evidence that the r
Fed governor saying the fed is likely going to need to shift its Monetary Policy from a policy of stabilization to a policy of accommodation which means helping the economy achieve the level of growth that it has previously. Remaining low until certain Employment Outcomes are hit. A thick fog of uncertainty now surrounds the United States. She goes onto say the Downside Risk dominates the strength will depend on Additional Support along with Monetary Policy. She urges fed emergency facile tills to be as broadly accessible as possible perhaps a concern on her part that maybe some of the current facilities are not. Melissa. Does she sound much more pessimistic compared to other Federal Reserve Board Members . She does sound somewhat more pessimistic but the fed overall has been more pessimistic than the market this continues that concern. The concern about uncertainty that really has been a consistent note from fed chair jay powell but perhaps youre right, shes more pessimistic especiall
Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question
Professionals pushed for testing and lawmakers called people think that the bank takes your home, but that is not true. For a plan before there was a victory for the founding principle that no one, not even thats absolutely 100 wrong. A president is above the law single case. The home is ours. The governor has admitted that we can sell it if we want to at any time. The courts said no you are not immune. And the government is entitled this is a crisis. I like the flexibility of not having a payment, many of them want to come and but i can make the payment if i want to. Visit san quentin for himself. Youre responsible for keeping up your property taxes and to this information. Reporter the president youre resp reacted by tweeting saying that this is a political prosecution and unfair to the presidency and administration. Bring my baby home, i can take care of him. For us, it was a Mortgage Funding has been reporter families , advocates, lawmakers calling on helping customers like these u
That is what we saw with adp, not as bad as we initially thought. The banks talk about of canadas decision coming out as well. You could see that in the top righthand corner of your screen. Unsurprisingly, the bank of canada keeping rates on hold and the economy is starting to reopen. The bank of canada looking for more information, its a status quo decision with Interest Rates left at 25 basis points, at the bottom end of the range. They are unlikely to go any lower when we have a new governor coming in, macklin is coming in and is likely to resist negative rates. Scaling back some of the Market Operations at the bank of canada with covid19 impacts, it appears to have peaked. Interesting, could you imagine . The dollar cap is down two point 1 2. 1 . A twomonth high as what we are dealing with and also oil prices are vacillating everywhere, but the spread continues to widen and we are now at the widest is this manufactured by the fed or is it a comment on longerterm growth . We are goi