Official cash rate being kept on hold, 0. 25 . They are prepared to provide additional stimulus. Just keeping you crossing these additional lines coming through. Monetary policy needs to support the economy for a long time. The economic recovery is on track. The funding may be ready before the end of the year. There is progress being made on additional monetary calls. There has been a rise in unemployment and an increase in firm closures. These lines crossing the terminal now. They kept that cash rate on hold as expected. Just keeping calm and carry on. You mentioned that november review of the Monetary Policy tool. A lot of questions that they will deploy are negative Interest Rates. This is what the market seems to be pricing in. You see that new zealand 10 year yield ever so slightly get into those record those for yields right now at 47 basis points. Lets check the markets to see what else we were expecting. A lot of central bank action. At these newg zealand assets right now. We a
This is boom bust the one business show you cant afford to miss im sorry mom to say ok in washington coming up japans longest serving Prime Minister announced his plans to resign on health and well the country continues to grapple with such a comic turmoil and nearly every organization in the us joint protest for Racial Justice but what does this mean for the multibillion. Have a lot to get to so much that started. The u. S. Commerce department reported americans increase their spending by 1. 9 percent in july extending the markets record breaking rallies well this is the 3rd straight month of consecutive gains for spending well this is the primary driver of the u. S. Economy this also comes weeks after the extra 600. 00 of Unemployment Benefits expired Commerce Department data also showed income rose by point 4 percent in july. Why after 2 months of declines meanwhile Credit Card Company capital one cut borrowing limits on credit cards while some customers had their limits were cut do
A common term while nearly every organization in the us join protest for Racial Justice but what does this mean for the multibillion sector have a lot to get through so much that started. The u. S. Commerce department reported americans increase their spending by 1. 9 percent in july extending the markets record breaking rallies well this is the 3rd straight month of consecutive gains for spending well this is a primary driver of the u. S. Economy this also comes weeks after the extra 600. 00 of Unemployment Benefits expired Commerce Department data also showed income rose by point 4 percent in july after 2 months of declines meanwhile Credit Card Company capital one cut borrowing limits on credit cards while some customers had their limits were cut down by 3 fourths and theyre already seeing a negative impact on their Credit Scores in. Statement the company said capital one periodic lea reviews accounts based on a variety of factors and may make changes to existing credit lines other
A common term while nearly every organization in the us joint protest for Racial Justice but what does this mean for the multibillion sector theres a lot to get through to watch that started. The u. S. Commerce department reported americans increase their spending by 1. 9 percent in july extending the markets record breaking rallies well this is the 3rd straight month of consecutive gains for spending well this is a primary driver of the u. S. Economy this also comes weeks after the extra 600. 00 of Unemployment Benefits expired Commerce Department data also showed income rose by point 4 percent in july after 2 months of declines meanwhile Credit Card Company capital one cut borrowing limits on credit cards while some customers had their limits were cut down by 3 fourths and theyre already seeing a negative impact on their Credit Scores in a statement the company said capital one periodical or. Use accounts based on a variety of factors and may make changes to existing credit lines oth
What an interesting market. It is not a normal july, and simply, it is not a normal friday. Gold almost touching 1900, better markets in the last minutes off the better than good pmi data in europe. Francine we had betterthanexpected pmi in europe, but also the u. K. It is not moving markets that much, but it is something to keep an eye on. Lets get to first word news with karina mitchell. China has dropped back, ordering the u. S. To close its consulate in chengdu because of the u. S. Decision to close the chinese consulate in houston. China serves as a key u. S. Listening post. China says its action is a legitimate one and necessary. President trump has given into worries about the coronavirus. He canceled his florida nominating convention. That was going to be the biggest event of his reelection campaign. Florida just posted a Record Number of deaths from the pandemic. The president says he did not want to take any chances. There are still differences between Senate Republicans and