Below 50, then it s going to continue to grow within the end of the year. Continue to grow within the end of the year of the year. Let s turn our attention of the year. Let s turn our attention to of the year. Let s turn our attention to us, of the year. Let s turn our attention to us, the of the year. Let s turn our attention to us, the jobsl attention to us, thejobs data, that s out this friday. Will that s out this friday. Will that have any impact on what the fed decides to do. We know they re meeting in the next few weeks. , ,~ weeks. The highest risk economic weeks. The highest risk economic event so weeks. The highest risk economic event so far. | weeks. The highest risk economic event so far. Because what we have seen so far, august was unprecedented for some global markets and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that there is rocks are falling and the
Has contracted in august for the fol then raight month. Has contracted in august for the fol then its iht month. Has contracted in august for the fol then its going nth. Has contracted in august for the fol then its going to 1. Below 50, then its going to grow as we continue into the new year. L115 grow as we continue into the new year grow as we continue into the new year. Us Obs Data is out this friday, new year. Us Jobs Data is out this friday, will new year. Us Jobs Data is out this friday, will not new year. Us Jobs Data is out this friday, will not have new year. Us Jobs Data is out this friday, will not have any| this friday, will not have any impact when the fed meets in a few weeks . Impact when the fed meets in a few weeks . Were looking at the hi. Hest few weeks . Were looking at the highest risk. Few weeks . Were looking at the highest risk, potentially, highest risk, potentially, economic event of the year so far. What weve seen last august was unprecedented. One of the ca
A dutch court finds shells nigerian subsidiary responsible for multiple pipeline leaks and or does it to pay damages to farmers. And we look at why namibia is government is auctioning off 170. 00 elephants despite the pills by conservationists im 7 asked with sports event is that cage and perrier refuses to criticize christiane around his top scorer faces a Police Investigation for breaching coded 19 rules by going on a ski trip. Alone welcome to the news hour we begin with the race to vaccinate the world against 19 and fears the poorer nations are being left behind and richer countries are rushing to secure supplies johnson and johnson has become the 1st company to announce trial results for a single dose jab it says its vaccine is 66 percent effective in preventing moderate to severe symptoms of covert 19 and plans to seek emergency authorization in the United States next week thats just a day off the American Company novaks said its vaccine was 89 percent effective in u. K. Trials b
Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate