Stocks into value encyclicals keep up . Havens are bringing back some ground. The Federal Reserve warns there could be major downside for asset prices if the Economic Impacts of the virus is not mitigated. Will a vaccine or stimulus come soon enough . Welcome to the program, happy tuesday. Picking news from the u. K. , jobs data giving us a picture of the damage done or avoided on the u. K. Economy. The unemployment rate, a three month figure, we get an ,nemployment rate of 4. 8 exactly what was anticipated. It was on the rise. Very cushioned by the furlough scheme over the summer, and the end of september. Where we are on the jobless claims number, we have i go to this because we do not have survey data but it is interesting because it is october data, a little more impactful. The jobless claims change down by 29,800. , that looks lower than the prior period. Some of the data seems an improvement on the previous period. I go to that redhead line on the u. K. Unemployment story. 164,00
Story. It has come an awful long way awfully quickly. Still do not know how this saga ends. Coming up later in the hour, we will be doing more on wirecard. We will also be covering what is happening in europe in terms of the political story as well. We are going to be talking to brian chesky, airbnb cofounder and ceo. We will get more on the reopening and how that is affecting his business. Looking forward to hearing from him. Stocks continue to climb. Lets talk about that. Alix yes. As we reopen, the question becomes, which country did it right . Which country is going to get the biggest boost if we get a vshaped recovery . Is it going to be the u. S. Or europe . Over the last month, the dollar in the u. S. Has been outperforming. But now what . Us, our guest who downgraded the u. S. And a good in the euro zone because of the covid19 response. Walk me through the thesis. Thank you very much. Very good to be with you. The thing we are trying to the last here is for decade, investors ha
The volatility continues to come down. 40 whenearly breaking it comes to the vstoxx. Monitor what is happening around the world. We are headed toward the european close. It looks more positive than it did earlier under the big story continues to be the efforts being made by governments to reopen markets, the effort being made by governments around the world to support Small Businesses and the everett for central bank to support the credit market. Lets get more insight into the bond and credit space. The fed and other Central Banks continue to make significant efforts. The fed is buying commercial paper today. Nice to have you on the show. We are in a situation where Central Banks are buying aggressively. Spacere buying in the bbb and the highyield space. What you make of price discovery right now . How realistic are these markets . Its a good question. You have had a huge bid to the market in the investment credit space and that has extended down the capital structure into highyield bo
With a clear message with treasury secretary Steve Mnuchin and wilbur ross telling delegates that trade war is a thought every single day but confirming that nafta talks are reopening. The president of colombia, Juan Manuel Santos joins other political leaders in warning the u. S. Against protectionism it will hurt everybody, especially the u. S shares for suez plummet as the french utility firm slashes its earnings forecast. We speak to the ceo in davos later today. Weve got a packed show for you, live from davos today well be joined by james young in a bit talking about tourism over in china. Hes a cofounder and chairman of the largest travel platform over in china. Well be joined by the ceo of jll, talking about property markets lobally. The ceo of Mueller Maersk will join us later on as well as president of the European Investment bank. Well wrap up with the ceo of russof tomorrow youll be joined live tomorrow when you have this panel. We have the panel lined up. We have the uk cha
Years women arguing that we need more grant money, more donor financing and that has all been great. What we knew the Human Capital project is to say look ministers of finance, we will put on a ranking of where you stand in terms of your stock of Human Capital and what you are doing to increase your Human Capital. And where you come out on this list may very well determine how quickly you grow. The dynamicange from one in which the developing countries wait for the supply of funds to come in which they are demanding the best way to improve Human Capital. Tom take that over to myanmar, how does the world bank as this china ms. Institution, how do you deal with one country whether its a border of turkey or syria or what weve seen in myanmar . We are very concerned about what happens. Very specifically what we are ourg is we are continuing lending for programs on health, education, social protection. We are very focused on supporting the poor in myanmar. Which wer operation cant go forwar