In the Pacific Region of relations with china and india. Good beating everyone and welcome back to the aspen security forum. I am the executive director of the aspen strategy group. I should say good morning to the Prime Minister of australia and durability in australia. Its a real honor for us to welcome scott morrison, the Prime Minister of our great ally australia. He leads one of the strongest one of the most impressive allies of the United States, inarguably the most important region of the world, the indopacific. It is two years as Prime Minister he steered the country through several crises, the wildfires of last autumn, the covid19 crisis were us jilly has a very effective and impressive record, and in Foreign Policy the primaries has led a resurgence of influence in the south pacific, australia was the first government to exclude huawei from its 5g networks, aldosterone is currently undergoing as are many of the countries in the world a challenge from china on many fronts that
Bad session like we saw in the u. S. , snapping out of gains. New york futures are slightly higher. The dollar is stronger. We saw quite a bit of steepening in the Treasury Curve. Youre seeing the threeyear at around 24 basis points. We did see the spike in yields, slightly off that now in the Asian Session after the treasury unexpectedly announced that refounding announcement. Boosting that issuance on the long end of the 10 year and 20 year with the auction so markets are bracing for that surge in supplies. Were also watching currencies, remedy still very much in focus here today. The message the last couple of days has been calm down, we have slightly stronger fixings here. Were seeing the renminbi slightly down. We are continuing the rally of brent crude, slightly higher by half of one percent, just below 30 bucks for brent. Looking ahead to the data now. China set to rae release trade figures later today. Exports likely dropped 11 from a year earlier compared with a 6 decline in m
Demand. Ng server taking a look at the csx 300, up three tens of 1 . China unicom out with numbers. It shrank in the First Quarter. Page, take ap the look at where oil is. From the uglylly selloff to below zero. Futures in new york rising. Climbing after falling to a 21 year yield. The old story is about Global Demand shock. About two unveil a supplement fiscal package after the economy suffered its worst contraction since the financial crisis in the First Quarter. Fiscal stimulus our next guest says for skill stimulus plans are ineffective. Turning us now is jim walker. Joining us now is jim walker. Good morning. You say it is about businesses. Jim exactly. Type ofa very different crisis from the ones we have seen under the past where recessions and even the asian crisis you could take as being a downturn in demand. This is really a government mandated cessation of business. While governments are forcing businesses to lucked out and people to stay at home, basically, it is incumbent o
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