Officials, the media, and his opponents, suggesting but not proving wrongdoing. If you count the legal votes, i easily win. We were winning in all the key locations by a lot, actually. And then our numbers started miraculously getting whittled away in secret. State and federal officials have defended the process, but trump is doubling down. He says he may take his fight to the supreme court, although that requires a long legal process. A lot of litigation. Because we have so much evidence. So much proof. And its going to end up perhaps at the highest court in the land. Trump Campaign Representatives have launched legal challenges in closely fought races, but cases in michigan and georgia have already been tossed out. Trumps family is also making a fuss. Donald trump jr. Fired off a tweet saying the best thing for america would be for the president to wage total war over the election. Twitter flagged the tweet as disputed or misleading. Biden set a different tone at a News Conference ea
Official cash rate being kept on hold, 0. 25 . They are prepared to provide additional stimulus. Just keeping you crossing these additional lines coming through. Monetary policy needs to support the economy for a long time. The economic recovery is on track. The funding may be ready before the end of the year. There is progress being made on additional monetary calls. There has been a rise in unemployment and an increase in firm closures. These lines crossing the terminal now. They kept that cash rate on hold as expected. Just keeping calm and carry on. You mentioned that november review of the Monetary Policy tool. A lot of questions that they will deploy are negative Interest Rates. This is what the market seems to be pricing in. You see that new zealand 10 year yield ever so slightly get into those record those for yields right now at 47 basis points. Lets check the markets to see what else we were expecting. A lot of central bank action. At these newg zealand assets right now. We a
Now facing yet another problem prosecutors expanding the probe to review potential bribery and dollar bonds for adani dropping the most in six months and lets look at how it pans out when india opens in 45 minutes from here so a big week for markets with the fed and boj in focus and lets see how it is all playing out in todays trading with avril hong. When you look at the market, not showing much dearth. A lot of it is already priced in or they are in waitandsee mode. If you look at how the bod boj decision this week will set the near term direction for the global market, for the fed it is about if the data will cause it to dial back attention on rate cuts for the year for the boj we are seeing markets fully pricing in a move tomorrow and we already saw strong wage results from last friday spurring more the rates take into 0. 1 for the boj but it is not just the rift left off and it is about the Forward Guidance and given how big the yield gap still is between the u. S. And japan we se
, i am is daybreak asia Kathleen Hays in new york where it is after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong. We will break down some gdp numbers. In line with estimates. But, slowing from the First Quarter. These are preliminary, 2. 7 year on year, in terms of the quarter on quarter. We are seeing growth at 0. 6 . The is slightly off from 1. 1 growth we saw in the previous quarter. The First Quarter was about robust investment. That seems to be continuing on. The Second Quarter, still could be a lot of risks with trade tensions in the u. S. And china. We will see how president moon, how is budget and how this plays out. Bok optimistic on the hike front. Kathleen yes, they are in it for the long haul. One of the Biggest Challenges korea, president moon changing the composition of exportleding from growth, which he has argued on the campaign trail. And, in office, he want something more incomedriven. He wants to raise jobs and taxes. It is a lot to do, but a lot o
Welcome. Lets get straight to some of the big market moves. First up, as we said to you in he headlines, jacob does a u turn and so does the rand. He appointed his second finance minister in four days. Bringing him back so what we saw was the rand jump almost 6. 5 . That is the biggest interday gain since october 2008 and his goes back to last week when fitch had downgraded the countrys debt, really having quite a dramatic impact in terms of the rand. Its about commodities and currency as we go into this fed week. This is west texas intermediate, sifpks to the lowest level in seven years, iran pledging more oil for the market. This is the performance over the past month. I can tell you 11 of this decline was implemented last week by the market. There is absolutely no chance that iran will decrease the plan in shipments. Traders, data, this is how we benchmark how negative the traders are there, the most bear issue ever. Ets get the bloomberg first trade. The latest data out of china ho