Data, the u. S. Saying that beijing underplayed the number of cases and deaths. And we work may take legal action that softbank wants better terms on theirh rescue plan. Haidi . Inflationary pressures or lack thereof from south korea coming through the cps for the month of march. We are seeing a contraction of 0. 2 , better than the contraction we were expecting of 0. 4 . That is a month on month figure for Consumer Price pressures and south korea for the month of march. In atmber on year coming 1 , so a little better than 0. 8 expected, a little softer from the 1 reading in february. Expectingse have been some demand as well as the impact of lower energy costs, lower oil costs, the plunge in oil prices, down an average of almost 50 year on year so far this month. Debtor february february data carried through, and you would expect that to carry through to april as well. That is the south korean numbers. We have been looking at a lower open going into the trading in seoul and tokyo. Let
Will discuss it all right its time to boost your news i. Here in the Nations Capital after the white house and congress struck a deal in the wee hours of the morning on a massive 2 trillion dollar Coronavirus Relief package that bill is being held up yet again the spending bill which is the biggest relief package ever in u. S. History would alleviate some of the Economic Impacts of covert 19 such as providing support to businesses and sending out checks to families in need but right now there are 3 allowed voices against this deal arties fair and project has been following the latest developments and filed this report. They came together so that they struck a deal they were going to go to their sides of the aisle and get everyone on board to vote this bill and pass it today however. 1st it was Democrats Holding up the bill well now its 3 republicans who say they wont vote yes until the changes they want are made now those 3 g. O. P. Senators are was about to come on your screen senator
Indonesia as well has been the laggard when it comes to its performance against the dollar. That is also seeing some decent gains. We are up 4. 5 . Yesterday, we saw a stunning rally, jumping the most in 20 years. May just be a technical rebound given how extreme the drop had been before. Brent and crude, we are still seeing some decent gains. We could be in a freefall given the shutdowns we have seen across the globe. Australia. Hing the only laggard today, down about 1. 5 . Still has been a stunning rebound. E. M. Having a good run. Jay powell has been reassuring americans the fed still has plenty of tools and plenty of tools to blunt the economic damage from the coronavirus. He is urging the house to pass the 2 trillion stimulus package. Kathleen hays is here with what happened today and what happens next. Is the stimulus package a one and done deal . It looks like it is going to pass. The Senate Passed it 960. The first vote was 4747. Finally, after days of backandforth, democrats
Global marketplace. Last year, the wall street journal called the decline of europe as the force in World Affairs the most consequential shift of the last hundred years and there is some truth in that since world war ii declined and its also true that the Economic Growth has been compared favorably with that of the United States and for example with china or india. And of course efforts to maintain an Economic Union within europe have been more complicated lately with brexit as we all know but still i think professor anu bradford sees things differently and in her new book, the brussels effect the European Union rules the world come here and also back there and you must have a copy, professor bradford argues the eu is an economic superpower and it continues to yield unilateral power and regulating their market and that is a phenomenon called the brussels effect. So what does it mean, many examples to shape policies and areas data privacy, Consumer Health and safety, antitrust and you r
Japanese yen is a safe haven. I must say actually, the japanese yen is up than u. S. Dollar and is holding up. Oil is definitely on a buy. Wti, to give us a sense of the volume. Brent crude is saving four times its volume and w. T. I. Is trading six or seven times. The markets are definitely moving with this geopolitical news overnight. Its time for the Global Exchange from around the world. From london to istanbul to prints on, new jersey and washington. Our bloomberg voices are on the ground with this mornings top stories. We begin with tensions in the iddle east where one of irans most powerful general killed. The u. S. Active International Terrorism targeting and assassinating is extremely dangerous and a foolish escalation. The u. S. Bears responsibility for all consequences of its ogue ven chur churism. Mark, what is the reaction . Ive seen some demonstrations already in iran. Yes. There have been protests in iran which is the city where he was born. The key thing to remember abo