With the dividend although it will be far lower than last years. Hong kong media tycoon released on bail. His broken National Security laws beijing has branded him guilty. Breaking news out of south korea. We are getting Unemployment Rate numbers, and again, surprising to the upside. They fell to 4. 2 in the month of july, this after surprising to the upside the previous month, falling to 4. 3 in june. Of course, we have seen more job creation efforts. In fact, we just heard from south koreas Ruling Party Leader saying south korea will actively consider a fourth extra budget if needed. South korea has already pledged more than 225 billion in stimulus measures or roughly 14 of gdp to help put a floor on the jobs market, and right now, the july Unemployment Rate falling to 4. 2 . Lets turn to the markets and bring in Sophie Kamaruddin in hong kong. What are you watching . Korean alongside the jobless numbers, we are waiting on Australian Consumer confidence, due out later this morning, a
Continue to gradually reopen, auto plants are restarting some operations this morning and Homebuilder Confidence increasing as well ahead on todays show, President Trump host iing a rou b table with restaurant executives at t the white house this afternoon well speak with the ceo of restaurant brand, the Parent Company of burger king and pop eyes. Plus, billionaire entrepreneur and Restaurant Owner will join us to discuss whether people will actually come back to restaurants, casinos an sporting events hes got all three of those covered. Hooe also at that white house meeting. Lets focus in on the big stori were watching mike is tracking the big market rally. Meg has the latest on modernas vaccine progress Brian Sullivan watching the comeback for crude well tart off with the broaderr rally, mike, and what stands out to you obviously the market for months has been moving along this spectrum that goes from you know sooner and faster for a recovery to you know later and slower and right no
Trillion, far below the target set by the kingdom. We are live from hq. Plus, flying high. Results season continues with ryanair. We are joined this hour. We will also keep an eye on the drivers of uber ahead of results later today. Manus welcome to daybreak europe. Ryanair, guidance. Pretax profit, beating the 41. 5 million, but it is to the future and the outlook i think the market will focus. They are talking about the risks to delivery of the 737, and with the guidance, this is what i can tell you. They see a narrowing of fullyear profit after the tax 809 million. these are the top lines coming through from ryanair. This is certainly comfortably beating fullyear profit. The 737 delivery. That is ryanair. Lets get you to the markets. We are risk off from equities, and the dollar, Michael Oleary shortly, us very, very i saw michael flash on the screen. He is joining me very soon, 6 30, and we will talk about the guidance and the risks with Michael Oleary. To the market, i mentioned t
In bangkok. He tells bloomberg exclusively the two countries can broker a phase one deal this month. Ross we are making Good Progress and there is no natural reason why it couldnt be. Matt saudi aramco finally launches its blockbuster ipo but it could be worth half 1 trillion less in the target initially set. Its ceo itsires seat fires it ceo over a relationship with an employee. Welcome to bloomberg markets. We are looking at continued gains in futures this morning after hitting again alltime highs, at least on alltime equity indexes over the weekend. The 10 year yield, we see it coming up a little bit. This is a three year chart. Straight line because japan is closed for a holiday. Other markets in asia are up and now that u. S. Treasuries are open, we see the yield as well. That means investors are willing to get rid of the perceived safe haven asset of the 10 year paper and into the riskier areas of the markets. Futures gaining across the board. Ftse futures of a half a percent. Da
Could hurt economic progress. There was also some discussion of alternative framework on the committee. This is important because president John Williams of San Francisco has been pushing for consideration a price level targeting or an alternate inflation regime as the fed deals with zero lower bound policies Going Forward. There is some note they might drop Balance Sheet language in future statements. Much,t thank you so reporting from the federal reserve. Joining us with more insight on austan policy is goolsbee, a hazard economics at the university of Chicago Business school. A former chairman of the u. S. Council of economic advisers under president obama. Great to speak with you again. You heard from jeanna about the highlights from the fed minutes. Nearterm rate hikes in december has warranted. They have reaffirmed the view a gradual approach to increasing the target range is likely to the dualbjectives, mandate of maximum employment and controlled inflation. Price stability that