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Charles evan calls for credibly important government stimulus. Australia heads into Earnings Seasons amid the first recession in decades and a virus pandemic that is crippling the economy. It promises to be one of the most challenging periods on record. Here is how markets are trading. We are seeing u. S. Fewer sugars u. S. Futures under pressure. We had ask leading u. S. China tensions fan yelling fanning the data. The bloomberg dollar index flat at the moment. This after a fifth consecutive weekly decline that will be the longest losing stretch since january of 2018. The offshore yuan is flat at the moment. This after the yuan led declines in asian currencies. We have President Trump moving to been tiktok and we chat. Hang seng futures down to tense up 1 . Under pressure from the last two sessions. It is a thin trading day. Singapore and japan are closed. We have a china data blitz that could be confirming the recovery we are seeing. We have ppi numbers. Not to mention retail sales a
AustraliaTaiwanDubaiDubayyUnited-arab-emiratesShanghaiChinaUnited-statesHong-kongBrazilBeijingRussiaEver since the healthcare debacle saying this might not be such a sure thing. Theres been differences. What happened to healthcare could very well happen to tax cuts. Heres why. Theyre not all in agreement on this stuff. Even with the runup in the dow since the election, the fact of the matter is when it comes to tax cuts, theyre already bickering over whether they should be paid for, up front, whether certain deductions will fly and others will not. Then theres the issue of whether theres a border tax or not. Something that retailers hate a lot of big fortune 500 companies love. This back and forth is very similar to the back and forth over the healthcare issue. Its something that goes again and again back to something the treasury secretary raised with me about what would be sacred and what wouldnt be about paying for the tax cuts. Remember this . Let me clarify, were not taking away the charitable deduction and leaving the mortgage Interest Deduction as is. We think those are both v
United-statesHollywoodCaliforniaJapanIsraelWashingtonAmericansAmericaChuck-schumerNancy-pelosiEli-lillyTony-blakelySevere to critical. There is clearly concerned there could be a follow on attack which is awful news for the residents of the United Kingdom and certainly they have a Million People who live in manchester. A horrific attack nearly 23 hours ago. This scene is different here. Police are still here, the road is still close but no screams, no sirens. The train station, victoria station, also closed. Its connected directly to the manchester arena, largest indoor concert venue in the u. K. Its believed the bomber blew himself up between the train station and the concert venue in a public area. Just as 21,000 people began streaming for the exits. Those people were mostly teens and preteens who had just enjoyed a Ariana Grande concert and were headed for the exits when the suspect blew himself up with an improvised explosive device that included nuts and bolts to maximize the cartage. Victims included 18yearold georgina colander. She was a student who loved pop music and Ariana Grande. Had met
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