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Talks have been delayed until thursday. Diplomatic and trade tensions between australia and china formed the backdrop as the rba prepares its latest statements. Economists see no change. Shery we will start with breaking news out of south korea. We are getting the final Third Quarter gdp numbers. When it comes to the year on year numbers, a contraction of 1. 1 . This is coming in a little better than expected. The quarter on quarter numbers also rising more than expected, 2. 1 , and beating estimates of growth of only 1. 9 . We have seen some pretty positive ratings especially when it comes to the south korean export numbers. They have seen a lot of external demand, especially in china and the u. S. , despite the fact we continue to see virus infections accelerate in those economies. Again, thirdquarter gdp numbers for the final numbers now beating expectations and coming in at growth of 2. 1 quarter on quarter, haidi. Haidi lets t ....
Call for urgent action. President trump enters the conversation, indicating he may now support a wider stimulus bill. Debates joe biden refuses to push back his next meeting with the president. The white house rules out a virtual clash due to covid19. We have an update from President Trumps physician, dr. Sean conley, about the president s covid19 treatment, saying that the president has been responding extremely well, that his exam has remained stable while at home. President trump has completed the course of therapy for covid, saying the president can return safely to Public Engagements on saturday. The president was just released from hospital on monday evening and his health had risen controversy given the white house was saying the timing of President Trumps last negative test was regarded as private. We are fi ....
South korea. Infections slow in japan, but young adults becoming more vulnerable. Do infections in new zealand itsend weaken reputation as a covid19 beater. The Prime Minister is delaying the election. Down that is weighing matters in new zealand, but lets look at u. S. Futures. Uncertainty continues to plague markets as we kick off this new session in asia. Uncertainty when it comes to trade with the phase one meetings being postponed indefinitely. We are also getting an indefinite stalemate when it comes to stimulus talks, as well as uncertainty over the future of mailin voting and usps. Theve futures trading on s p, positive 5. 1 . The nikkei 225 up by about. 25 . We are continuing to watch price action on the topics, the worlds best performing index in august as we continue to see the encouraging recovery in industrials and financials. The japanese economy sent to crater by a record in the latest quarter. We are getting gdp nu ....
Joined once again by Energy Editor of crystal ball at the university of virginia has sundered for politics. Lets start this morning in the battle for control of the senate. Three months out if you had to pick the hand to play right now, would you rather be in the position of democrats or position of rubble goods. Id be rather be with the position of the democrats for joe biden is in a better position than with Senate Results are not correlated but they have more bearing on than they did a generation or two ago. Back in 2016 that was the first election [inaudible] in which every state had a senate race ntalso voted for same party for president. Thats not guaranteed to happen this time but it does show president ial connections to the senate but basically the democrats are probably going to lose alabama where doug jones won that special election in 2017. [inaudible] the good thi ....
Minutes 20 minutes or so has seen lows across safe havens to dollarchina as well. For eighttrack volumeheavy daytoday. Day today. We are on track for 35 billion today. It is a busy day of trade. Trades inxas, 55,000 the first 60 minutes on a front and contract in west texas. Iran is launching what it calls revenge attacks with missile launches onto bases that host u. S. Troops. What to me know so far about irans actions what do we know so far about irans actions . It was a series of attacks on these two bases. The Islamic Revolutionary guard corps claimed responsibility quickly. In the be interesting uns u. S. Response. There has been a lossoflife and how much damage was done . They were on high alert with those facilities, because i ran have thes thought to highest amount of short range missiles in the region and this was thought to be the retaliation to expect. Iran has been saying that they will avenge the death of the g ....