Between armenia and azerbaijan. Rights groups accused tanzanias president of behaving like a dictator and clamping down on dissent ahead of this months election. More than a 1000 migrants in 2 days why Spains Canary islands are seeing the biggest surge in 14 years. And on time how much with all the sport including the bron james and the l. A. Lakers out back on top of the basketball world in late is happy and did their 10 year wait to win the n. B. A. Championship. An undercover investigation by aljazeera has exposed high ranking officials in cyprus expressing a willingness to aid convicted criminals obtain e. U. Citizenship in august and the Investigative Unit released the cyprus papers which revealed serious flaws in the countrys citizen by Investment Program now as phil restrict boards the investigation leads to the highest offices of the cypriot state the cyprus Investment Program allows foreigners to buy a european passport for an investment mostly made in property of 2 and a half
Conversation. You just heard steven major of hsbc with his terrific call, persistent call for lower interest rates. , we wills in moments speak about the Research Notes of last summer, ages ago when things were calm on a vector of lower interest rates. We will get an update and look to the market, to hong kong, and to our conversation with john bolton in 30 minutes. With the news breaking this morning, really must watch and must listen. You nailed this. Cacophony has never been seen before. I think it will be really difficult as the quarter grows older and you get the handoff from the balance of reopening the economy and the realization that the recovery will take a long time. Then we get bumped up against the election in november. Thee the president exits in senate flips as well. The market has a lot more in the last couple of weeks. Tom no question. Based on the emails ive gotten of the supporters of the president really pushing back against the new belief in president biden. Part of
On downing street, pressure grows on Boris Johnson. Bailout bogged down by wrangling over key details. Swift approval from brussels once the plan is finalized. A warm welcome to daybreak europe. You are going to hear people drone on about liquidity. It does not change the risk sentiment. Equities are leaning into the reopening narrative versus the sino china political discourse. You are seeing lockdown perhaps being lifted in victoria state. Tokyo expected to lift their state of emergency. Equities are leaning into that new narrative of reopening. The yuan drops. Beijing tightens its grip. China sets the yuan at the lowest fixing since 2008. It is all about managing disorderly moves. City joins jp morgan in cautioning asian effects. Citigroup, we do not like asia affects asia fx. Dollars bid, oil is up. Since 2009drill rate gives you crude gushing up by over 1 . Dollaryen, as i said. The market is the longest of yen since october. Let us focus on the china story. What is going on . Chi
Order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds independent Monetary Policy. A recent news story noted that trump has tweeted over 100 times about the fed since your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics in upholding the feds independence you should be mindful of public perception. Of course, trump continues to try to claim credit for Economic Growth that was put in motion by the policies of president obama Congressional Democrats and the Federal Reserve, irresponsible tr
Jerome powell was on capitol hill to update lawmakers on the economy and Monetary Policy. He spoke about the Economic Impact of the coronavirus, Cyber Threats in the Banking Sector and his influence in the Global Economy among other topics. This services hearing is three hours. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds interMonetary Policy. A recent news story noted that trump has tweeted over 100 times about your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics. Fedsolding the independence, you should also be mindful of public perception. Of course, trump continues to claim credit for Economic Growth that was put in motion by the policies of p