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
Conference today on north korea. As we think about what might be coming down the road on the Korean Peninsula and the broader region, its very easy, i think, to succumb to the temptation to be pessimistic. In fact, as we sit here in washington today, it seems like theres all kinds of reason to be pessimistic. We seem to be facing on the home front a variety of challenges. Were in the midst of a wrenching president ial impeachment process. The broader country seems to have some deep cleavages societally. We have a big problem with mutual distrust in the country. When we look abroad internationally, the headlines we were reading this morning suggest we might be on the brink of a very dangerous war with iran. We last week read about the development of hype tr sonic weapons in russia and coupled with the demise of arms control and the return of great power competition, it looks like the world is getting ever more dangerous. Even American Relations with some of our longstanding allies seem
Of a total breakdown. And technical glitches marred the launch of disneys new streaming service. To breakingirst, news from south korea. The jobless rate coming in at 3. 5 . This is in line with estimates but slightly higher than the previous month. Add 419 thousand jobs in october, more than they did in september, which was already quite a strong job scheme number. Pe number. That is helping to offset some losses,anufacturing job not to mention declines in retail employment. In south korea they have been really supported by fiscal policy. In budget is helping growth the public sector. Right now, the jobless rate coming in at 3. 5 for the month of october. Lets see how we are doing in the markets in asia. Overnight,d messages hearing from President Trump in new york, threatening the possibility of more tariffs if phase one trade deal doesnt get done. Hasydney, as that market just come online, new zealand,. Rading is underway with Fourth Quarter Inflation Expectations, it plummeted off
And Central Banks are stepping up calls for help amid fears that they are running out of options. We are live at the imf meetings in washington. Sophie checking on the start of trade in sydney. Little change, after the drop of 200, halting a fiveday advance. Broadly speaking, we are setting up for a mix start in the agion, but looking to have second weekly gain. Chinese thirdquarter gdp numbers come, as corporate numbers on the mainland have shown little improvement after a bleak first half. Japanese inflation remains subdued, giving the boj food for thought at the policy meeting. Able back below 1. 29 on brexit deal hopes, pushing it to a sixmonth low to position for a negative outcome. Aussie bonds under pressure this morning as the rba governor said the economy is improving. Offshore yuan 7. 8 against the 7. 08 against the dollar after fixing. Jessica acting white house chief of staff Mick Mulvaney denies saying that President Trump withheld military aid to ukraine to persuade key h
On you as a coach when ever i wonder what is the right thing to do. Of i copy your talking points all of the time. Everyone knows how warm and welcoming and people oriented you are. I want to say how much i admire year Technical Knowledge about so many kinds of things. Michelle is getting calls from all over the district. Georgia used to help us with this, will you keep helping us with this . I am so happy we get to keep georgia and i cant wait to see what happens with that new role and that work. I cant wait to keep watching the pack and your awesome work. I will give it to someone else. Just in case you have not read enough back there, georgia. I want to extend thanks beyond ruth and the pack as well as being an adviser to you. Georgias reach extends well beyond the pack and she is a mentor to many generations of leaders, myself included. Much of what i learned about being the chair of an organization and running the meeting and leading is by watching her awesome example and how she