Three hours. Afterwards the two president s held separate News Conferences but hit some of the same tones and themes, Mutual Respect and optimism tempered by realism. I did what i came to do. The bottom line is i told President Putin we need to have some basic rules of the road that we can all abide by. I made it clear to him that i believe. Consequences of that would be devastating for russia. I dont think hes looking for a cold war with the United States. President putin seemed to be looking for the right category for mr. Biden, among the four u. S. President s he has met with during his 20 years leading russia. Translator he is very balanced, professional man, its obviously clear that he is very experienced and it seems to me that we did speak the same lan language. Certainly doesnt imply that we must look into each others eyes and find a soul or swear eternal friendship. Our chief National Affairs correspondent jeff zeleny is live in geneva. Good morning. Youve now had some time to
Three hours. Afterwards the two president s held separate News Conferences but hit some of the same tones and themes, Mutual Respect and optimism tempered by realism. I did what i came to do. The bottom line is i told President Putin we need to have some basic rules of the road that we can all abide by. I made it clear to him that i believe. Consequences of that would be devastating for russia. I dont think hes looking for a cold war with the United States. President putin seemed to be looking for the right category for mr. Biden, among the four u. S. President s he has met with during his 20 years leading russia. Translator he is very balanced, professional man, its obviously clear that he is very experienced and it seems to me that we did speak the same lan language. Certainly doesnt imply that we must look into each others eyes and find a soul or swear eternal friendship. Our chief National Affairs correspondent jeff zeleny is live in geneva. Good morning. Youve now had some time to
Three virus levels. Investors are not buying the idea that the sectors prices have finally passed. The Company Behind k pop sensation bts prepares to take the stage in seoul. Big hit hopes to be a big hit on the korean stock exchange. Paul markets are just opened here in sydney. For a look at whats going on, lets go to sophie. Sophie sydney stocks gain ground. 1 , resuming the advanced after stalling and to retreat from a march i on wednesday. We have the likes of bhp and providing a boost while banks are under pressure and focus is on the rba governors speech in which he signaled the desire for more state funding while indicating that there will be a lower for longer rate environment, likely to see further easing ports 10 basis points, also indicating there will not be rate hikes for at least three years unless there is more sustained progress on jobs and inflation. Those remarks did see pressure come through on the aussie dollar, seeing an earlier push. Flipping the board to check in
Pips. We are looking at the rest of asia doing this. 1 8kospi index down about of 1 . Some updatese, here on what happened yesterday. Military saying it is on high alert in that part of the world. Today,the top stories just a couple minutes ago, we did get confirmation out of the pboc, adding more funding to the system here. It is trying to guide the economy through a rough patch. A smaller chunk, 2. 95 . Jason. Us now is pleasure to have you. Good morning. Your top thoughts for today. What is top of mind for you . At chinas liquidity guess first the primary liquidity facility, but it does also add to the positive growth picture for china, especially on a relative basis. Covidast because the situation has been continuing in china. When you couple that with Strong Capital flows and improving current accounts balance, it doesnt mean the fundamentals are quite good at the moment. Note, and i guess on that many people say go long against the dollar. Your trade is the currency against the i
Contraction for the australian economy. Worse than anticipated, but investors with a moment shrugging that off. Chinese markets under pressure. Quickly moving it along, having a look at what else is going on out there and doing that, of yvonne. With yvonne lets start with that aussie gdp number. The second consecutive quarter for the three months through june. And thee first first technical recession in 30 years for us trail you Australian Household spending well by 12 as lockdowns and restrictions shut out consumers. The aussie dollar against its u. S. Peers. Theres a new warning about the u. S. Economy with a fed governor ating there is uncertainty head. She told the Brookings Institution that america will be to depend on the fed and policymakers in d. C. As the economy continues to recover from the coronavirus pandemic. She says Monetary Policy must pivot from stabilization to accommodation. Treasury secretary seems to agree with the fed governor, saying the u. S. Economy urgently n