Guilty all the corruption for malaysian Prime Minister a sentence simple than a decade in prison. That can lead to involvement in the one scandal so could this be a step towards losing out brought in malaysia and what if any of the political ramifications this is inside story. Thank you. Hello there and welcome to the program im noriko for you is the one m. T. B. Scandal has shaken malaysia billions of dollars were allegedly looted from a state fund set up to promote development of former Prime Minister was implicated as well as a network of Foreign Companies relations rule of law was put to the test on tuesday of a g brazil x. Involvement in the scandal he was found guilty of 7 corruption charges and sentenced to 12 years in prison also being fined close to 50000000. 00 so the 1st of 5 corruption trials and is centered on the transfer of nearly 10000000. 00 from the state fund into the jobs personal accounts he denies any wrongdoing and says he will appeal this is what najib had to sa
The uk government says it will strengthen the regional test and trace system as it cuts 6000 contact tracers in england by the end of the month. Lebanons president has asked the countrys government to stay on temporarily after all its ministers resigned amid mounting anger over last weeks massive explosion that devastated parts of beirut. Excuse me. Oh. This was the moment President Trump was led away from a live news briefing by Security Officials after an armed man was shot close to the white house. Hello and welcome if you re watching in the uk or around the world 7 and stay with us for the latest news and analysis from here and across the globe. Employment in the uk has seen the largest fall in over a decade as the coronavirus pandemic hits the jobs market. Thats according to new figures for april tojune from the office for national statistics. Responding to the figures, chancellor rishi sunak said hes always been clear, that he is unable to protect every job affected by coronaviru
Response is needed to come the followup from the virus. Jp morgan, citigroup, wells fargo kicked off reporting season for u. S. Banks. Investors are braced for heavy provisions. Trading revenue could be the bright spot. 6 00 a. M. Inne london. 9 00 a. M. Here in dubai. The defining sentiment of u. S. Markets and the world will be defined by this family, jvm, bank of america, goldman sachs. Do you want to take a look at the spread between gs and the rest of the banks . It is going to be confusing, sloppy, and shocking. Is provisions. Bank of america warns wells fargo the dividend could be toast. Ficc that saves the day . This is the defining narrative on the consumer, confidence, and the outlook for the u. S. Pandemic wont disappear in coming months as the total pace is 13 million, california closes its doors to Indoor Dining and bars, shutting its two Largest School districts as hospitalizations hit a record. Our guest is with us. Nd unsynchronized moment how does that redefine the nar
Welcome to surveillance. Off to a firmly risk off footing and then remain so. Additional wobble coming through after news china is slapping sanctions on Lockheed Martin. Barely Holding Onto Gains here. Up by one whisker but the losses are heavy into deep in europe and asia. Looking at key earnings including the banks but also delta reporting numbers in a few hours. Eurodollar up, this is the story of Dollar Strength. You have treasuries play big after the open on monday. When california reintroduced some restrictions to stem the virus. 1. 2 . En brent crude down looking ahead to that Monitoring Committee meeting and the expectation is theres going to be some additional action. Lets get to the bloomberg first word news and get you the round up there round up there. China has called the u. S. A troublemaker which is undermining regional stability after the Trump Administration rejected beijings claims to large parts of the south china sea. The u. S. S china previous policy of not taking
China, the u. S. Rejecting chinas claims to the South China Sea. China than sanctioning u. S. Officials like ted cruz and marco rubio. U. S. Futures are pointing higher. We are also looking at what is going on with the virus as well as states like california reversing its reopening plans. U. S. Tenyear year, bonds up. U. S. Tenyear. We saw the dollar gaining a bit of steam against the yen, but seems like we are reversing some of that. Lets look at the boards and watch were Chinese Markets are going to see any reaction to the trade figures. We saw a bit of a pause in the risk rally when it comes to mainland equities, after we are seeing equities inching toward that 10 trillion milestone. Flip the boards and see what is going on there. Smallcap, those rose to follow five year highs. We have basically been flat the last 30 minutes of trade. Shenzhen stocks have been on fire. Hang seng down 184 points right now. Also with the city introducing the toughest virus measures since the pandemic