The recovery is under threat from the covid19 resurgence. Frydenberg says the other plumbing rate will jump in the coming weeks. Economy and the government handling of covid19. A look at howake we are shaping up for a new trading week in asia as the market continues to search for direction. U. S. Stocks trading close to fresh highs. We had the stock market up for a fourth straight week friday amid albeit light volumes. Up. 2 this morning and asia and we are seeing positivity going into the start of trading in japan. We have one report Prime Minister shinzo abe is headed back to the hospital so we will continue to watch that story. And the potential applications for policy continuity. Japanese yen Holding Steady at 105. 86, with a rebound in the friday session. Rise in u. S. Treasuries. At 42. Crude trading 49, ending the last week its advancering in asia. Shery lets talk about china. Beijing is offering support to strengthen hong kongs role as an International Financial center. For mor
We have seen strength. It has reached 690. That could mean a path to a level not seen since january. The hang seng up 1. 5 . Take a look at where we are in terms of emerging markets. They are trading higher. 1 shy of a recent losses. The kospi is up. The south korean assets will be watched today as it is expected to stoper restrictions a flareup. Gold down to 1943. Lets get to first word news with Karina Mitchell in new york. Karina President Trump is welcoming a coronavirus treatment that involves blood plasma from corrupt recovered patients, saying it will be expanded to more sufferers after the fda approved its use. This makes it easier to make it accessible. Even though its full effectiveness has not been proven. The fda has concluded the treatment is safe and works. Virushas marked a grim milestone topping 3 million infections as the outbreak accelerates. New cases rose by 59,000 sunday with 57,000 people having died in total. South korea is considering imposing tighter Health Res
Plasma will be expanding. Markets turning attention to the virtual jackson hole and the crisis fighting measures. The Republican National Convention Begins in North Carolina today as president ial rival joe biden says he would be open to a second term despite questions over his age. 6 00 a. M. Inne london, 9 00 in dubai. There is a open letter to the fed. It is satire at its best. I like bonds over fx. Just do whatever the bond market says. It is bigger, better, better educated and sharper than both of us. It is a great piece, but it is genuflection to, did you read the minutes and just do whatever the bond boys and girls say. What businessweek calls cringe worthy satire. They give it to jackson hole saying please do us a solid, keep this mind in vote during the jackson hole summit. No cowboy stuff, jay powell. It makes a lot of sense, this satire. It is trying to make sense of the market when you have covid19 pandemic still ravaging economies and Peoples Health and the s p 500 on frid
Today as china blinks on trade. With the dow closing up 326 points, hi, everybody, im david asman. Welcome to bulls bears. Joining me tonight, jonathan hoenig, kristina partsinevelos, steve moore and jackie deangelis. Now, china signaling today that they would not immediately retaliate against the latest u. S. Tariff increases set to kick in on sunday. A spokesman for the Chinese Commerce ministry saying quote, china has ample means for retaliation but thinks the question that should be discussed right now is removing the new tariffs to prevent escalation of the trade war. President trump also weighing in on the negotiations earlier with fox news brian kilmeade. Listen. For 25 years, china has been ripping off the United States. You know that. I talked about it a long time ago. Its one of the reasons im probably here as president. Im in the white house. They have been ripping us off for billions and billions of dollars like babies. There is a talk scheduled for today at a different lev
Of Liquified Natural Gas exports in the global market, the recent growth of u. S. Exports and concerns about Energy Relations with china and russia. The hearing was held by the Senate Energy and Natural Resources committee. Manufacturers and residential consumers alike. We have such a massive Resource Base that we can send substantial volumes abroad. Were now leading the world in natural Gas Production. Hopefully soon well also lead in exports. A few of those experts are here to tell us what is driving these trends, where they may be headed and how u. S. L and g fits into the equation. I use this term quite frequently but i hope were going to hear some ideas this morning on how to make our exports even more competiti competitive. Im particularly excited coming from alaska about the role my state can play. T furk has just released the draft for the Alaska Project, has great opportunity to move some tremendous reserves of gas on the north slope to market. Its a pretty important milestone