Small businesses. The airlines in dire situation. United and american saying they have to cut jobs, tens of thousands of them, as borders remain pretty much locked down. Yvonne you are seeing the president trying to do at least some damage control after he talked to negotiators to pull out of talks for a stimulus. Perhaps we are seeing some targeted measures. You have seen the market impact. The nasdaq and futures reversing the losses we were gaining. U. S. Futures are up. We will see if this bodes well for the rest of asia. If you look at the rest of the asia region, it looks like risk assets are looking less entire than the wall street session. We are seeing a bid for aussie against the japanese currency. When it comes to u. S. 10 year yield, we are holding steady, but the move up in yields on the announcement from trump. Stocks have been lower. Jakarta life coming back online. We are heading lower in jakarta. Hangseng up about 163 points. A touch higher for some markets. The rbi is
Further. We are joined this hour by finance minister. The other big story today, lawmakers in washington take aim at the power of big tech. Saystitrust investigation they are abusing their dominant status. Australia coming online. Lets turn to Sophie Kamaruddin in hong kong with a checkup on markets. A two day rise, we are seeing pressure come through for the benchmark while the aussie dollar is testing that 71 popl after forming a double early this october. We are seeing action in the bond space. The front end of the aussie curb slipping with the three year yield falling as much as four basis points earlier in the session. This after australias updated debt issuance coming in less than expected. I want to highlight bhp shares. We are seeing the stock fall as much as 2. 3 this morning. Tesla bhp in focus be at flipping the board to check in on futures, s p eminis under pressure. The yen trading study but theres upward pressure on the stimulus deadlock. We are watching iphone makers aft
Recognition . I move the house suspend the les and pass h. R. 5457 the speaker pro tempore the clerk will report the title of the bill. The clerk h. R. 4547, a bill to amend titles 2, 8 and 16 of the Social Security act to improve and strengthen the representative payment program. The speaker pro tempore pursuant to the rule, the gentleman from texas, mr. Brady, and the gentleman from connecticut, mr. Larson, each will control 20 minutes. The chair recognizes the gentleman from texas. Mr. Brady i ask unanimous consent that members may have five legislative days to resize and extend their remarks and include extraneous material on h. R. 5447. The speaker pro tempore without objection. Mr. Brady today we have the action to help those receiving Social Security. This bill led by congressman sam johnson and john larson of connecticut, the chairman and lame of the Social Security subcommittee takes actions to improve the representative payey program. Today, when someone on Social Security is
Inflation. Yvonne . The japanese Prime Minister has promised swift and bold economic measures after winning a convincing victory in the upper house election. Ts go to our economy editor brad miller. Does this election put the Prime Minister in a stronger position to move forward with the stimulus plan . It certainly does. The 2 3 majority certainly strengthens zabe. But the question remains how will he use that majority . We have to remember hes been in power since late in 2012. Hes had a lot of time to implement his policies. We really want to see whether he uses his power for constitutional change, or changing the way the Defense Forces can be used or whether he doubles down on abenomics. He launched it three years ago with monetarily policy and reform. We saw a lot of the first era with monetarily policy. We saw fiscal policy but were waiting for more of the economic reform not just in governance that might affect stronger wages and increasing business spending. Yeah, seems like the
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