Contraction for the australian economy. Worse than anticipated, but investors with a moment shrugging that off. Chinese markets under pressure. Quickly moving it along, having a look at what else is going on out there and doing that, of yvonne. With yvonne lets start with that aussie gdp number. The second consecutive quarter for the three months through june. And thee first first technical recession in 30 years for us trail you Australian Household spending well by 12 as lockdowns and restrictions shut out consumers. The aussie dollar against its u. S. Peers. Theres a new warning about the u. S. Economy with a fed governor ating there is uncertainty head. She told the Brookings Institution that america will be to depend on the fed and policymakers in d. C. As the economy continues to recover from the coronavirus pandemic. She says Monetary Policy must pivot from stabilization to accommodation. Treasury secretary seems to agree with the fed governor, saying the u. S. Economy urgently n
A substantial fall in secondquarter gdp. Raise to succeed shinzo abe heats up with a long time i lay set to announce his plans. Allys the a longtime set to announce his plans. Taking on the set up from markets this wednesday morning. We are seeing muted price action so far with futures edging higher. The nzx 50 adding 4 10 of a percent. This after the tech that the tech lead rally that saw the nasdaq pushed closer to 12,000. In australia, stocks may edge higher after the worst job worse drop in month. A decline was on positive building data. Checking in on the aussie dollar ahead of the Second Quarter gdp reports. Holding below 74 but still near a two your high. Offshore yuan holding a three year again. The value may test the pbocs tolerance. Check out the euro back below 120 after reaching that level for the first time in two years after the ecb member philip blaines remarks the level does matter from i terry policy. The dollar rebounded from a two year low. As u. S. Markets and tech
Parliament while perry says when it comes to it does it really matter just says the lib dems are not to Serious Party anymore even bruce says layla moran will be a success both as a jew since then we bang theory is not the support for choice but if i were a lib dem i would go for ms moran and finally peter says what she recently interviews with vince cable really enjoyed the shows ill be but its a refreshing change well thank you peter. The make of scientists podcast a Little National radio show is made crisper one of the best known for all just in the world buck unfair but when President Donald Trump was forecasting a bad case of the flu he warned on this show instead we could be facing down the bottle of a Global Pandemic meanwhile professor human government has been on the front line of the from there to secure london seeking to minimize the death rate from this a vicious virus they both join me in the studio. Chris could start with you what do we know will. To this pandemic what do
Slowing in many parts of the country. This as a quarter of a million bikers ride into south dakota for their annual pilgrimage. On saturday, President Trump took executive action, bypassing a stalled congress with measures he says will provide Economic Relief for those hit hardest by the coronavirus crisis. Does he have the authority to do that . We will get a live report and get into it with chuck todd. Our sunday focus on coronavirus and the classroom. Families prepare for an uncertain school year. Teachers are asked to balance learning withom them about that new challenge. Plus, on todays 75th anniversary of the American Bombing of nagasaki, japan, an account from a survivor and a conversation about the state of Nuclear Weapons in the world. And later, a favorite sunday sisit down and a rare interview with keanu reeves on his return for another excellent adventure. How the matrix changed his life and how hollywood wasnt sure about him. Keanu was confusing. I was like, why dont you c
That afternoon and welcome to the program this is Art International coming to you live from the russian capital with your global news update this hour. The russian prosecutors have opened a criminal case over the creation of the oppositions court nation council. So that lead to the creation of such organizations is illegal and their activity violates the constitution having realized then lawfulness of their actions the number of Council Members quit the body and reject its goals these include the illegal seizure of power words the council poses a danger to national security. The socalled Coronation Council for the transfer of power was established by the Opposition Leaders that monitor. Initiative has met with support from European Countries which reject the recent president ial election in belarus as rigged the body denies the accusations made by prosecutors. It comes as belarus sees another day of street protests and strikes people are showing both support for and rejection of lucca