Im haidi lun. This is daybreak australia. We are one hour out from the open of asias major markets. It is 5 p. M. In new york. Im betty liu. It was a holiday today on wall street commemorating Martin Luther king it is 5 p. M. In new. Jr. So there were no equity bond trading at all. The dollar continues to trade in the Foreign Exchangethe dollar n the Foreign Exchange market. That is really what has dominated the trade today. We saw the dollar continue that slide coming off a five week decline. Talking to some analysts, not so much dollar weakness but it is more strength of its counterparts, right, as Central Banks are pulling back on stimulus all around the world. We are seeing a rise in many of these currencies. Haidi absolutely. Case in point, the extended gains we are seeing in the euro. As you say with the u. S. Markets closed, it was the weaker european close we saw that will lead things off in asia. Tepide seen more of a session setting up in asia. New zealand is trading underway
Yesterday. David time for the morning brief. Apart from the all important fed a. M. Steven 8 00 mnuchin speaks at the independent Community Bankers capital summit. We will get adp Employment Data, the consensus for 185,000 jobs added last month. After the bell, it is earnings watch. Facebook and tesla will be reporting. Alix decision day for the Federal Reserve, the bloomberg surprise index starting to roll over. Sales, week core cpi, week march job numbers. Mckee. Shington, michael how does the fed a dress the weaker data we have seen . Michael they are going to have to mention the fact that the economy slowed in the First Quarter but they do not want to take june off the table and do not believe this will be a continuing problem so they will probably talk about it being transitory. They may mention seasonality problems we had. Tractornta fed, gdp now comes up close to the average gdp numbers we get, shows First Quarters have been terrible for the last couple of years, but look at tha
To mention. Collins was told that the operation. The full duty to focus on is witnessing a surge in militant fire this month. See sidebar was stalled the call many prominent lawyers who appeared in the brazen assault. Docs on friday prayers in great to be shot or social condition the stall to buy the song seems to be going nowhere when that ends up getting stronger by the kicking such attacks right under the normal to some of our government is on the back foot the injured were rushed to hospital on to guns and boosted with goals in a busy shopping area in the haunted by his aunts kept in jail in it. Hes live in. Suicide bomb attack. Like you to start any prospect of meaningful peace talks with taliban insurgents. Funny thought it would get on his own ceasefire to resume peace talks with the government immediately distance themselves from attack as well as the second last on the gauntlet which killed two soldiers. And expose the age of consent and missed all of us followed by bursts of
30 programs from, i am sorry from 90 programs to 60 programs. So this will help folks navigate the transportation, financing and funding world. But it doesnt eliminate some of the specific key funding programs where innovative ideas were allowed to come to fruition. For example, there is a value pricing Pilot Grant Program which has funded the Treasure Island Management Study and the study in San Francisco. The funding for this program is eliminated under map 21, the program itself is not eliminated but there is no funding set aside for the program. So that is something that we are paying attention to. And also there is a major shift from competitive discretionary Grant Programs to formulabased program. Under map 2 1, 93 percent of the funding is formula distribution, compared to 80 percent under safety lieu. You just said that the programs have been consolidated. The funding is not there but the programs still exist, so where would we makeup the money for the Treasure Island study . W
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