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And a very well welcome to the business. I want to get johns in the language to have you with us, starting with what could be a major shift in global trade this weekend. And at the latest, representing nearly a 3rd of the worlds population will launch the regional comprehensive economic partnership. The new free trade zone will be bigger than the European Union and the us mexico canada area combined. This is one summit where security can afford to be relaxed despite appearances, and on our guard, a smattering of dignitaries and even a choir. This biannual meeting of Southeast Asian nations will, for the most part, be an online affair. Another casualty of corporate 19, vietnamese Prime Minister hosting the meeting laid bare the challenges the pact faces. We are going through an extremely difficult time as corporate 19 th ....
Three virus levels. Investors are not buying the idea that the sectors prices have finally passed. The Company Behind k pop sensation bts prepares to take the stage in seoul. Big hit hopes to be a big hit on the korean stock exchange. Paul markets are just opened here in sydney. For a look at whats going on, lets go to sophie. Sophie sydney stocks gain ground. 1 , resuming the advanced after stalling and to retreat from a march i on wednesday. We have the likes of bhp and providing a boost while banks are under pressure and focus is on the rba governors speech in which he signaled the desire for more state funding while indicating that there will be a lower for longer rate environment, likely to see further easing ports 10 basis points, also indicating there will not be rate hikes for at least three years unless there is more sustained progress on jobs and inflation. Those remarks did see pressure come through on the aussie dollar ....
U. K. Was slow down slow in testing slow in tracing and slow in supply of protective equipment. Going back home to thousands of Migrant Workers in india who lost their jobs to the lock down take trains back to their villages and israel announces a new plan for thousands of new settlement homes in the occupied west bank well have a live update. And im somehow must not have all the sporting committing crimes day for a german football at the bull waits for green light from the government to resume this month. Its just after 13 hours g. M. T. We begin this news hour with the growing tension between the u. S. And china over the corona Virus Outbreak beijing says the tariffs should not be used as a weapon the President Donald Trump threatened to impose the china is also criticized the u. S. Secretary of state who said ....
biden administration ceased on the moment. here is the president in the battleground state of wisconsin. economic growth is stronger than we had during the trump administration. thanks to the american people, america now is at its strongest growth and lowest inflation rate of any economy in the world. all this week, joe biden s advisors have been on the road with the message that the president s strategy to help the middle class is working. on wednesday, the president picked up a major endorsement from the united auto workers. donald trump is a scab! cheers here is the thing, with trump trouncing biden in polling but the economy at the end of last year the white house is trying to change the narrative. pouncing on the latest gdp data to help make its case. overnight, oil prices havejumped to highest levels this year. as you can see, they are up about 3% as tensions in the red sea continue to disrupt global trade. financial survey alliance has forecast that if the crisis ....
Right, the dow, snp 500 and nasdaq all hit their highest levels ever. The catalyst was wednesdays Consumer Price index report, but showed inflation rising less rapidly inflation rising less rapidly in april then wed seen in the first three months of the year. Fed Chairjerome Powell said just a day earlier that fed officials were surprised by this years higher than expected readouts. Traders keenly watch Inflation Figures for clues on how the fed will move forward on Interest Rates. Any news of price increases easing raises their hopes the fed will start cutting the benchmark Interest Rates sooner rather than later. Now more investors expect the fed to make its first rate cut in september and a second and ....