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Francine i agree. The sports angle is extremely significant, and i hear more people say what does it mean for the future . If you have so much power and are able to bring so much pleasure to so many people, that seems to be the future of where this is headed, unless we get a vaccine. I was looking forward to seeing about inflation and if the Central Banks are right in saying we shouldnt believe all the hype, or if we get a vaccine, even if it is quick, it will be a cureall. One of the things we will explore further in this hour. Tom election 2020 is still ongoing. And somehow weekend stagger through the holiday season. You wonder what the news flow will be about 8 00 p. M. Tonight within the United States of america. In new york city with our first word news, here is karina mitchell. rejecting President Trumps claims of w ....
For a september quarter. There are also concerns about the ant ipo fallout. And america awaits the outcome of the president ial election, seven states now holding the keys to the white house. Wisconsin heads to a recount and others face challenges in court. Foropen here in sydney friday trading in asian markets, we have seen an eerie calm and trading across equity markets, and globally, on expectations that policy gridlock will me know extreme measures when it comes to the tax front being taken and more status quote when it comes to the visible markets. We are up. 2 when it comes to sydney, the in aussie dollar and commoditieslinked currencies it particularly well. We have the u. S. Dollar fall to its lowest in two years. The nikkei 225, we expect weakness going into the open but we have japanese stocks trading in the green every day of the week. Also watching the yen, but interestingly, as an election respirometer, we continue to watch price action in china as well as volatility in ch ....
You might say better late than never. Adam that is exactly what i would say. Better late than never but also powell and Richard Clara for the process. There is a reality going back to well before the Global Financial crisis that the phillips curve has been flat. This is a fancy way of saying you can have deviations in inflation deviations in employment to the upside and you do not get that much inflation for it. Then you combine that with the reality we have seen in japan for a long time and in the u. S. And europe for the last 12 to 15 years that when youre too close to zero on your Interest Rate balance, you cannot react as well as you should to policy and adjust policy. Fomc powell and the they unanimously adopted the statement before he spoke what jay powell and the fomc are saying is they are catching up with realit ....