Paying more than 1 billion australian to settle a Money Laundering allegation, the largest corporate find never levied in australia. Tiktok drama turns another page, owner bytedance asking a judge to halt the ban in america, Chinese State media slamming u. S. Dirty trip u. S. 30 tricks. We heard from larry kudlow in the last few minutes, downplaying expectations we will be getting any more fiscal stimulus through the pipeline, larry kudlow saying he doesnt think the u. S. Needs another stimulus package and that they will be doing targeted measures only and need to be smart about this measures. This comes after course of fed officials, including chair powell, saying there is a long way to go for the economic rebound, we heard from several others, all saying there is further need of more fiscal stimulus to do that heavy lifting. And that comes after congress ended its pursuit of a bipartisan spending bill and are now focused on replacing Ruth Bader Ginsburg on the supreme expected thisin
Commissioner bridges has indicated she is on her way. Commissioner driscoll. Commissioner makras will not be present. Commissioner meiberger is out of the country. Commissioner paskin jordan. Present mpt commissioner stansbury item 3 general Public Comment. Thank you. Speak into the m ic. Sorry i couldnt help myself, you always say it, i had to say it to you. [inaudible] good afternoon commissioners. Im patrick [inaudible]. Executive director hish to hand a verbatim transscript of last months meeting. [inaudible] i testified july 8, [inaudible] should table the [inaudible] investment. Mrs. [inaudible] noted the proposal doesnt meet guidelines. Commissioner driscoll asked whether it involves a prohibited [inaudible] commissioner stansbury asked [inaudible] regarding ers investment staff and whether they have experience with asset back liability securitization. Loan obligations and a finding Credit Ratings to individual securities noting they go hand in hend hand with a potential [inaudi
Coalition. Cambridge arranged that and the meeting did take place so forming the coalition and believe the goal is to expand it to include trustees of potentially across the u. S. Who are interested in the issue so we can act in concert thank you fl clarification. That is very substantive. One last expansion, the board adopted level 2 for social policies, in a words engagement so that is why this is relevant working with other entities such as other public Pension Funds that have the staff and resources particularly cal pers and cal stirs that have the staff set aside. I that is a way we can pull our resources and vote our shares because that is a issue regarding engagement to pull our shares with other public Pension Funds and other entities with like goal squz aim tooz try to enact a constructive policy going forward. Those i believe are the substantive issues, any other colleagues on the board who are member thofz committee to share that would be very constructive at well. If not th
Anna a very warm welcome to countdown. Manus where is the money flowing this morning . The pound has a bit of a reprieve. We will talk about that in the risk radar. I thought we would go for the shiny stuff, coming back from gold. And there is a real move here, of course in the headlines more funds shutter in the u. K. What you have is the assets, going into gold trading up one quarter of 1 . Etf Holdings Rise by 37 this year. The assets have jumped by 38 million tons, the most since the global crisis. We have entered a new bull run, according to ubs, we are with in a hair. Goldman is shifting the threemonth and sixmonth target. The risk momentum and the fed playing into the equation, all moving the dollar holding back. It is based on fact, not fiction. Anna very much about what the fed is going to say, manus, negative low rates good it seems. Punishing the risk radar, what else is on the move. We have a currency market dominating things this morning little bit. Quite a few in here, th
Firstquarter profit almost doubled. Ubs earnings for Wealth Management rose 54 pure the Bank Restructured recently to focus on that unit. Ubs meanwhile says it is close on an investigation. Ubs might face a 1 billion fine. Claiming responsibility for the attack on antimuslim event in texas. The event showcased cartoons of mohammed. Many muslims feel that is blasphemous. Two were killed after they shot a guard. The fbi said it was investigating one of the suspects for nine years. The streets of baltimore are calm. One week after writing following the funeral of a black man who died. There were false reports that police shot a man. Troops are gradually withdrawing. President obama on David Letterman last night incidents in baltimore and elsewhere are starting a new conversation about racism in america. President obama a lot of things we have seen in ferguson, new york, and baltimore have been going on for a long time. We are more aware of it because if you see something on video, it is h