Zealand is set for a shallower recession than previous years. The pandemic may have a lingering impact when it comes to government expenses. We bring you the numbers breaking this hour. Lets get you started with our lets get you started with a quick check of our markets trading at this hour. We had a mixed finish. Stocks, in fact, fell, erasing earlier gains after that selloff intensified. Tech fed chair powell not sure if this economic recovery will continue, that really dampening the moon. Tech communications leading declines. Switch of the board and you can see what small and midcaps did with the russell 2000, outperforming, look at that, up 9 of the close. We had the fed really keeping rates low, helping that entire sector. Pressure, andf that paired most of its losses with treasury yields climbing after chair powell also said the current size of the Asset Purchase Program was appropriate, the 10year yield hanging around the highest levels in almost a week. We also have the 530 yie
This comes after modest advances you did see gains. The second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month weve seen since march. Looking at all the gains theyve built up on all of this. You are looking at fairly solid gains. It is a matter of days before we get to the end of the quarter. Take a look at the treasury yields now, especially the 10year. 0. 661 hasnt budged. Weve been sitting at these levels for some time weve got developing news right now. President trump asking a u. S. Court to let a ban on the tencent app wechat proceed the judge is giving the president to 2 30 this afternoon to postpone a ban on tiktok downloads. It doesnt pause the ban but says they must defend the policy in a sunday court hearing. The policy is currently set for 11 59 p. M. This sunday so a lot going on with the kvdel saga it was 11 59 last week too. What happens if you cant download it . Did you
Revenues for 2020 are 7. 7 higher than 2019 instead of using a heavy handed government putting long term restrictions on people, we decided to trust the people that they would be safe and secure and opened our economy if other states would like to see that type of economic recovery, maybe they should address the way they their states are being governed. I know the Federal Reserve is looking in ways of broadening the main Street Lending program, which i think we all realize need to be broadened theres some yaareas id like t see us take a look at and one of those industries that is interested in main Street Lending is specialized Consumer Finance firms which are nonbanks that purchase credit card receivables from card securing banks which enables consumers with sub prime credit to access a credit card which is some of the most vulnerable in our society right now. The ebitda rieequirements preve them from obtaining a loan would you consider modifying to allow the firms to access this prog
Back. Buoyed, they still think they can cobble together a stimulus deal and theyre getting a little closer. Theyre about i think latest indication about 600 billion apart. Democrats coming down to 2. 2 trillion. Such a steal. Such a buy. Republicans have been whispering about 1 1 2 to 1. 6 trillion, who knows. That that is a development few saw coming. Were 24 hours away from the big debate tomorrow. So that could obviously test these markets. So far not too flummoxed about president s taxes. Well see as we get on here. But that tax report we want to lead off front and center ahead of the big coverage planned from tomorrow night. How much the New York Times report, 5000 word plus investigation that goes into the president s taxes over the last couple of decades. The signature of both days developments is that, for a lot of those years he didnt pay any taxes and for at least the latest two years, these do not include the 2018 and 2019 years, he paid 750dollars each for each year. Consid
Struggled since february. Francine im really looking forward to speaking ian the little more about this eurasia report. The question is if you look at financial risk, it is at the bottom of the list. We talk about you wonder if we talk about health risks and the pandemic that we ignore black swan. Next, we need to talk about brexit with en as well. Tom are we with ian as well. Tom are we on the watchlist for the Prime Minister of ireland . We are waiting for comment from ireland, right . Francine we have a new leader summit and we are expecting him to come out, yes. Also expected to talk about the internal markets bill. Tom pound sterling is 128. 47, a bit weak today. With first word news, here is ritika gupta. Ritika President Trump signed a stopgap legislation that will avert a government shutdown. It will keep the government operating at current spending levels through december 11. The countries of Spending Authority expired at midnight. Neither democrats nor republicans won today s