France threatens to get out of the rescue plan altogether. 11,000 jobs slashed, the german giant fights for survival. Welcome to the program. Looking at the futures, reflecting the way the european and u. S. Equity markets closed yesterday. Futures down in europe, mixed in the u. S. , reflecting what we saw yesterday were the u. S. Wobbled into the close at the end of the session. New york schools closing seems to be the factor. Breaking news, some commentary from astrazeneca in connection phasehase two, not the three news we have been waiting for. That is expected to come within weeks. This is more detail on the phase two data. They are confirming the vaccines immune response in older adults, that is crucial considering who is most vulnerable to the virus. The lancet is publishing the findings. A lot of stuff we have heard already from phase three trials more advanced than this from other drug companies. It has not been peerreviewed or in journals. We are getting the phase two study,
Handle all of the different relationships. When you have money, that weak dollar, has fueled stocks going higher and old going higher out of the march highs for the dollar. Investors turn to the Precious Metals and gains for stocks cool off, it creates an interesting relationship. David exactly. It is hard to imagine the fed is going to say remarks that is going to strengthen the dollar. Maybe there is no alternative to stocks. Abigail in terms of the meeting this week, it is unlikely there going to say much. They may set the ground for what could happen this fall, but in terms of dollars going into gold, if you think about it from an allocation perspective, all of the fresh dollars investors have or as they take chips off the table from the big tech names, into gold, it could create the headline where you have gold searches again but tech stocks down. Not great optics. Hopefully it doesnt happen, but it is an interesting relationship with this week we have some of the big tech executi
Saying it was on hopes for a rate cut on friday we talked a lot on friday about just whether and i made a joke that the market shows pricing the quickest sell off. Maybe the one individual that said, i got it and felt sicker it just seemed to subside a bit. Thats right. Human bee haflor is weird. Going into a twoday weekend except the good ones where you could have gotten 1,000 new cases. Up another 1,300 showing a bit of change. I love this graphic friday doesnt really sum it up it came back that was the end of the month. Some of that extra pressure was in the systematictype trading and there is an upside air pocket i think that the fed statement on friday sent the message we are here and probably dont have a very high threshold. It wasnt needed same as december of 2018 it was words that did the job for months until we got a rate cut. The bond market was very interesting. Instead of the bond market leading the stock. Take a look at treasuries. The 10year yield hit an alltime low yeste
21st consecutive weekend protests we look at is now driving money away from the. Protests we look at is now driving money away from the Financial Hub to be controlled singapore. Controlled singapore report on. Hate speech. And. Hate speech made illegal but the majority. Government made it illegal for the majority. Government to censor. By going on. Just 10 11 am here in moscow. Good morning to 10 11 am here in moscow of a brand new week hello from the r. T. World news center its kevin owen with you this half hour round up with a brand new week hello from the r. T. World news center is kevin 0 in with you this half hour round up we start in syria news from there President Donald Trump says the leader of the Islamic State terror groups being killed start in syria news from there President Donald Trump says the leader of the Islamic State terror groups being killed a u. S. Military raid targeted abu bakr duddies compound in italy a province this raid a u. S. Military raid targeted abu bak
And Boris Johnson. There is a lot going on in the markets we are also getting a little bit of news from italy with the new government being sworn in. Can see the pound is what we are watching out for. Overall, there is a little bit of a risk on mood when it comes to the markets. Back to the Italian Government. The one that we need to watch for is the new finance minister. Were seeing the cabinet sworn in with the same Prime Minister, that is conte. Lets get straight to first word news. China and the u. S. Are holding the next round of trade talks in early october. Thats according to the commerce ministry. They confirmed ministerial level talks in the next week but did not specify when. The two sides are trying to end the trade war but there is still skepticism on both sides that any Real Progress can be made. Hong kongs chief executive carrie lam says withdrawing the extradition bill is only the first step to address the unrest in the city. She also says the decision will be made indep