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Austria chancellor retraced that aid must be disbursed as loans, not grants. Jay powell will tell the senate the fed is prepared to use its full range of tools to support the economy as traders bet the u. K. Will have negative rates by the yearend. A warm welcome to daybreak europe. Just a quick mind flashing across the screen on julius baer, one of the swiss private institutions, by the banking institutions. Asset management dropped by 8. 2 . They say their strategy for islementation of change back. 300 92 billion swiss francs in terms of asset under management. Good morning. Did we catch you offguard . He smiled and looked at the camera but it is a trifecta day. I have three things. Powell, 30e pivot by Million Barrels of oil demand in china, and you have a vaccine hope, so it is hope that is driving this or is it the pivot by powell that is the more dominant . Good morning. Nejra good morning, manus. It seemed to be what we he ....
Speak in some form of the w. H. O. Conference. Theidea of recovery in united states, all of Global Finance transfixed the chairmans comments last night on 60 minutes. Francine 100 . The chairman is talking about the virus, so we will have a look at this second wave of infection and what it will look like. Lets get to first reduce with ritika gupta. Ritika good morning, francine, tom. Jerome powell says the u. S. Recovery could drag through 2021. Powell told the cbs news program 60 minutes the economy will recover steadily through the second half of this year, but he said a full recovery depends on people being confident, and that may not happen until a vaccine is available. It is the first meeting of the World Health Organizations governing body since the coronavirus outbreak began. China will be challenged on two of its most sensitive issues, how beijing first ha ....