Melania trump and some of the activity around these wearing in ceremony for these new citizens. The goal to make donald trump seem personable and softer. I think so far the rnc has done a decent job. Criticismre was some of the democrats last week saying it was soft on the policy specifics. At the same time i dont think i have heard much about what President Trump would do with four more years. I think the lack of a second term agenda has plagued is effort thus far and it something they can continue to look at doing, particularly with the president set to speak tomorrow night. Thats a venue where you would expect to hear more about what a second term would look like from the nominee himself. But i think its going to be important for the president and his team to articulate that policy. Having done policy on several president ial campaigns come i think that voters still want some substance. Not all of it but some of it. I think bidens team and trump steam have been trumps team have been
Stocks are up, all of that to do with powell. The dollar weakness also to do with powell. Real trends in the euro and the pound. Tom no question about that. Right now our first word news in new york city, here is riddick gupta. A Ritika Ritika the longestserving Prime Minister in japans history is resigning after eight years because of health reasons. The government has provided few details. News reports that he has been undergoing treatment for a chronic digestive condition. He plans to stay on the job until his party picks a successor. President trump made his case for a second term and last nights Republican National convention. He promised to cut taxes, and create 10 million jobs in 10 months and turn the u. S. Into a manufacturing superpower. In the new term as president , we will again build the greatest economy in history, quickly returning to full employment, soaring incomes and record prosperity. Ritika the president also warned that joe biden cant be trusted to deal with the
He had Health Issues in the past that he has managed well during his tenure as Prime Minister. He resigned abruptly the last time he was Prime Minister in 2007 because of his health condition. David he is the longestserving Prime Minister, but he was quite influential. One of the things bloomberg is concerned about is abenomics. He came in with three arrows. Was that a success . Sheila i think it is a mixed bag. I will leave it to the economist to delve into the details. There two details are two pieces of what he did manage to accomplish. One is structural reforms. He and his government were impressive in agricultural reform, one of the structural impediments to participate in the ttp, the regional trade pact. He tried to increase womens participation in the economy. Some people would have liked to see more women, but he managed to make some strides there. Progress in slight the labor market reforms he tackled, but he did not accomplish what the japanese wanted, which is to see their
The simultaneous listing could bring evaluation of 225 billion dollars and may raise more than aramcos record sale. Day twot lady headlines of the republican convention. The theme is the land of opportunity as Melania Trump makes the case for her husband winning four more years. Working news at the moment. We are getting confirmation that the u. S. Business will be charged in a generic drug pricefixing probe. This coming from the department of justice, saying the Pharmaceuticals Company was charged for its role in a saying teslas u. S. U. S. Mers tevas consumers were charged 350 million. It was charged for conspiracy including landmark and glen tech. Nd apple it is falling more than 4 in postmarket trading. Teva pharmaceuticals being charged with conspiring to raise prices for generic drugs. This is after years of pricefixing in the generic drug market. The doj saying it is the seventh company to be charged with generic drug pricefixing. Teva was charged for pricefixing. You can see th
With the dividend although it will be far lower than last years. Hong kong media tycoon released on bail. His broken National Security laws beijing has branded him guilty. Breaking news out of south korea. We are getting Unemployment Rate numbers, and again, surprising to the upside. They fell to 4. 2 in the month of july, this after surprising to the upside the previous month, falling to 4. 3 in june. Of course, we have seen more job creation efforts. In fact, we just heard from south koreas Ruling Party Leader saying south korea will actively consider a fourth extra budget if needed. South korea has already pledged more than 225 billion in stimulus measures or roughly 14 of gdp to help put a floor on the jobs market, and right now, the july Unemployment Rate falling to 4. 2 . Lets turn to the markets and bring in Sophie Kamaruddin in hong kong. What are you watching . Korean alongside the jobless numbers, we are waiting on Australian Consumer confidence, due out later this morning, a