Lets have a look at what has been really driving things here, haslinda. Haslinda the focus this week for markets will be that policy meeting in china. Fed chair Jerome Powell says a new rebound in u. S. Growth depends on the delivery of a vaccine, but he stressed that the economy will recover eventually. This economy will recover. It may take a while. It may take a period of time. It could stretch through the end of next year. We really do not know. Powells remarks follow a warning that and our chief asia correspondent, enda curran, joins us now. Away . S the key take powell saying he is not looking at negative rates. Enda not looking at negative rates, haslinda, but also saying they have some options on the table. The fed has done so much in terms of cutting Interest Rates. And all of the liquidity measures it has taken, they still have the option of doing what the bank of japan does. Yield curve controls. Some of the commentary now will be a around whether or not the fed starts tryin
This morning that the economy added 224,000 jobs last month, far more than expected. The Unemployment Rate ticked higher to 3. 7 , in part because more people enter the labor force, but that number is still historically low. And while thi latest jobs report is clearly positive news about the economy, itay make it harder for the Federal Reserve to cut Interest Rates at its meeting later this month, and that sentiment pulled stocks back from their alltime highs we hit onednesday. Do industrials fell 43 points to 26,922. Nasdaq was down 8, the s p slid by 5. Ylan mui h more on americas employment picture from washington. Reporter americas jobe market is ogain red hot. It even surprised president trump. Numbers this t morning. Jobs. K it was 224,000 those were really unexpectedly good. And our countryes contio do really well. Really, really well. So were very happy about it. Reporter businesses across almost every sector of the economy added jobs laston. Professional services added 51,000
Only democratically elected president dies in court and is swiftly buried by the government that depends 10 what is Mohammed Morsi is legacy and have hopes for democracy in egypt died with this is inside story. Hello and welcome to the program im dennis Mohamed Morsi died in court on monday whilst all of you in his defense against charges that many believed were trumped up just to keep him in jail he was 67 and not in good health he needed regular medication that his family and others said he was often denied during his 6 years in detention his term in office was brief barely a year but he insisted he was egypts the jessamine president right up until he died and as rory chalons now reports most his time in office was characterized by optimism which quickly turned to frustration. Mohamed morsi sailed into the presidency of egypt on the winds of a peoples revolution demanding change in 2012 he became egypts 1st ever democratically elected president the 1st civilian to hold the office mor
Undermined by regional powers by the interests of israel and by not only the deep state but egyptian liberals and democrats who also did not stand by the president i hope that also all these forces have the lesson and know that democracy should should be respected and the will of the people whatever the decision is should have been respected and all should have stood together to protect egypts democracy right and the price were paying today in egypt is a price paid by all not only members of the muslim writer so mohammed now what we seem to be witnessing in egypt is an ever more hardline thora tarion regime the the very few number of freedoms are enjoyed by people under the mubarak regime that see they seem to be shrinking the political space is virtually nonexistent and the number of. Of people being imprisoned for holding alternative views is rising almost by the month not to mention the closing down pretty much of independent media do you think therefore that egyptians have got the
City. And so struggling to come up with a new constitution, theyre all games and theyre all lost. But on one issue, this unison the current, you know, shay era constitution . Muska said right now we, but the regular people on the street have the chance to influence it so that its not just the politicians who are making decisions itemize, that unit begins. Okay, were entering a new era for to nice history, but also for the world. And so you have many times for a here, theres been to base about most certainly the wording of the constitution thats about who should revise this for them as they like soon the room paper would pick to be members of the Constitutional Convention. The constitution shouldnt be with by ex, but by people who know what theyre doing, but also the, youre very good on some i think theres a lot of fear of change. I assess draft was written a lisa full of the last touch on this film tells the story of that failure. One that could be the beginning of a new to the in cons