A no deal exit for the u. K. From the European Union mr johnson then said he would introduce a bill for a snap election to take the issues out question to the people but Opposition Leader Jeremy Corbyn of labor insisted that labor will not supply the loots needed to call a snap election unless and until the answer is no deal bill is passed or securely on its way to becoming law today Prime Minister johnson spoke on behalf of his election bill before the 122 committee where he was reportedly rebuked by speeches supporting the conservative rebels who voted to advance the bill from ben of labor barring a no deal braggs it and as we prepared to go to air the ben bill had just passed a vote for a 3rd reading in the commons setting it to the house of lords. And joining us today for a special power panel across both blocks of the show are peter schiff the c. E. O. Of Euro Pacific Capital and Richard Wolffe professor emeritus. Am hurst and the author of democracy at work a cure for capitalism
This is bone loss fraud just around the globe and calling the world of business and finance and thats the policy all im doing a burrito and im in washington heres a look out today we have a special show today as we welcome up our panel rather richard wald and peter schiff of the output of a capital t. That there is a major story affecting a lot of finance. To take a look at global instability and how its impacting both investors and consumers particularly on the 4th of what could be the largest i. P. O. In history. And then in the 2nd half of the show we begin to date a global bond from south america to the e. U. Unlike the latest move in the Global Market at the top the very moment the Global Economy but were here to help you keep calm and carry on until late at lets go. On chief executive kerry lamb on wednesday formally read with through the extradition bill that has been at the center of the protests and riots this summer. 1st the government will formally withdraw the bill in order
Assume that this will end the protests the withdrawal met one of 5 demands made by the protesters and while this was viewed by some as an olive branch critics now say that lance moves are not enough and insists that they will not settle for anything less than bowing to all 5 demands shortly after the withdraw announcement the Financial Action task force an International Body that accesses Money Laundering and fraud issued a report that cited the lack of a mechanism in hong kong to extradite suspects to other parts of china is an obstacle to tackling Money Laundering and terrorist financing it suggests that hong kong should look at other ways to improve its ability to cooperate with china as this was part of the loophole lamb was concerned about earlier when the bill was temporarily suspended on the bill with raul lamb emphasize that the move was a technical procedure to streamline the legislative agenda with a Legislative Council set to reopen in october after the summer break sources
City which have turned increasingly violent in past weeks lamb maybe hoping that the move will put a lid on the protests ahead of the october 1st golden week when china will celebrate the 70th anniversary of the founding of the peoples republic. And checking in on the brics a drama in the United Kingdom british Prime Minister Boris Johnson suffered a bruising defeat in the 1st vote on the house of commons under his government as m. P. s voted 3282301 last night to advance legislation that would rule out a no deal exit for the u. K. From the European Union mr johnson then said he would introduce a bill for a snap election to take the issues that question to the people but Opposition Leader germy corben of labor insisted that labor will not supply the loots needed to call a snap election unless and until the entire no deal bill is passed or securely on its way to becoming law today Prime Minister johnson spoke on behalf of his election bill before the 922 committee where he was reportedl
Washington many. But it is stronger than expected much more on china coming up in a few minutes. European equities, again, sliding in the last few hours. Germany basically flat were taking that to 3 decimal points here. France, uk, spain slightly negative, italy essentially flat as well. Finally treasury yields, the tenyear hovering right around 1. 7 1. 69 is where we have it right now. So certainly something that investors are watching. Yeah. You have yields slipping again a little bit this morning, but were off the lows of last week, which briefly dipped below 1. 6 on the tenyear. Thats encouraging yields had such a big effect on equities as we all know. I think on europe the interesting thing to note this morning is that were not seeing a gap up again in terms of the spread of italian over german yields and talk about the potential new election coming up hong kong, is down 9. 5 , shanghai down 5. 5 it is weighing more on the shanghai market. We saw that elevation escalation of conce