Washington ramps up pressure on beijing. Goldman sachs raises billions for a new fund to focus on private equity. The move comes amid rising interest in secondary investing. Haidi lets look at what the day has in store at the sydney open. We are expected a muted start to trading in asia after downward pressure coming from the u. S. Session overnight. Restrictions continue to take place to curb the the Coronavirus Spread we are starting to see accelerate again, even as we get further good news on the vaccine front. Trading marginal. The u. S. Dollar held to the lowest we have seen since april 2018. We are also seeing the aussie dollar on the back foot. Nikkei futures look like they will see a muted start to trading. Shery lets get started with good news on the vaccine front. Pfizer says final Data Analysis shows its covid shot is 95 effective. The ceo of its german partner told bloomberg about plans for mass production. Our goal is to supply up to 50 million doses by 2020 which andd go
How much commitment is there . We have china announcing a net zero target. We have japan leading in hydro. Can asia lead the way in clean energy . Yeobee yin i am very optimistic about this because of the size of the market. I think with china, making that type of commitment, it helps for countries to make the same type of commitment. I agree with president jin. I think china can reach the goal because of the market. Aen you have the market and government that says you have to reach this, what will happen is innovation. As we innovate, the price will go down. I am very optimistic. There is one thing i think how do you open up to make it competitive to drive Competition Among prices . We are quite regulated. Can we make it more deregulated . To make this a competitive market, that is when you drive innovation. Some of the things policymakers in asia should think about, how in oururther liberalize own way to drive innovation . I am very optimistic. On this very important issue of the fin
Milestone, u. S. Deaths topped a new milestone as new york city closes schools again. Germanys finance minister tells bloomberg taming the virus is critical. E. U. Leaders will attend make a veto that threatens from hungary and poland. France says nations could be cut out of the rescue plan all together. Chinasy pledge, president xi jinping says the nation wont engage in decoupling, saying its policy of opening up wont waver. It comes after the u. S. And the u. K. Called for beijing to honor its commitments on hong kong, citing serious concern. Its just gone 6 00 a. M. In london, 7 00 a. M. In germany. Bad news coming, 11,000 jobs to be cut from the business. Of justlow the estimate over 30 billion. No room for a dividend this year. The banks dividend has been restrained. You think about it, this is a disastrous year for steel. The future is unclear. We are grappling with rolling lockdowns and interruptions around the world. Recovering, but the reality of europe and the United States i
Continue to will investigate each and every instance of illegal voting. Double voting, phelan voting, people voting outofstate. Outofstate. I want to remind members of a few matters, some of them required by the regulations accompanying House Resolution 965, which established the framework for Remote Committee proceedings. First, members are reminded to on atheir video functions all times, even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they have finished speaking. Staff have been instructed not to mute members except when a member is not being recognized and there is inadvertent background noise. Members are further reminded that they may only attend one remote hearing at a time. If you are participating today, please remain with us during the hearing. Members should try to avoid coming in and out of the hearings. Particularly during the questions. If during the hearing
Chairman of the Federal Reserve Jerome Powell is right now explaining why his committee has left near zero rates untouched. Our fed panel is monitoring every single word of what he sees and says as far as stresses on the economic system. Speaking of stress, tensions are still running high from arizona to pennsylvania. This video just in as crowds form in two states, where the administration is launching vigorous challenges. All right, heres the current electoral picture vote. Weve got four states, the key to the presidency. Nevada, pennsylvania, georgia and north carolina. They are still up for grabs on the path to 270. Biden leading 264 to President Trumps 214. Weve got new numbers in nevada showing that joe bidens lead has expanded to 12,000 as team trump seeks legal action there. But keep your eye on the dow and on the markets here because weve got team fox business standing by with up to the minute developments inside both the trump and Biden Campaigns. Blake burman live at the whi