Contraction for the australian economy. Worse than anticipated, but investors with a moment shrugging that off. Chinese markets under pressure. Quickly moving it along, having a look at what else is going on out there and doing that, of yvonne. With yvonne lets start with that aussie gdp number. The second consecutive quarter for the three months through june. And thee first first technical recession in 30 years for us trail you Australian Household spending well by 12 as lockdowns and restrictions shut out consumers. The aussie dollar against its u. S. Peers. Theres a new warning about the u. S. Economy with a fed governor ating there is uncertainty head. She told the Brookings Institution that america will be to depend on the fed and policymakers in d. C. As the economy continues to recover from the coronavirus pandemic. She says Monetary Policy must pivot from stabilization to accommodation. Treasury secretary seems to agree with the fed governor, saying the u. S. Economy urgently n
Data likely to report a substantial fall in Second Quarter of gdp. It will confirm a first technical recession in 29 years. Raced shinzo abe after he set his plans. The backing of the ruling party. Voters have another view. Haidi we are just getting south korea Inflation Numbers crossing the bloomberg. Slightly more inflationary when it comes to consumer prices. When it comes. 7 to the year on your number for soft arena. Southxpectations korea. Beating expectations. 3 . The month on month number of. 7 . Betterthanexpected expectations. Cpi caore number year on year coming at. 8 . Continuing to edge up. Still shy of 1 that we are looking for. We are starting to see a recovery when it comes to domestic demand. The influence of supportive base effects. Hoping to lift the inflation somewhat. We have the renewed resurgence in virus cases in the letter half of the month, likely to be accounting for the fall. Energy costs still low compared to the previous year. They are picking up. That woul
Fights with russia and china the army will now be able to deploy 18 fully manned divisions instead of 10 the realignment is based on the National Defense strategy crafted by former defense secretary jim mattis which places new conflicts with china and russia as americas Top National Security threat jesse this comes as the state department negotiates with the taliban to end the war in afghanistan now it seems like when one war ends another probably isnt far behind but it where between these countries would be catastrophic for the world absolutely they would be version but you know world war culture here in america a great deal of our economy relies on the war machine and producing it and continuing to produce it i realize ive said this many times but you cant say it too much to get it into people stick their heads theyve got their stand we have to be a perennial war now and its a war culture. You know were already at war in places where we dont even know and id like to know all these el
Down they take an oath to the constitution how come after they take the oath they forget about it there isnt a one of them that follows the constitution when it comes to war we havent declared a war in the last what 75 years since world war 2 i think its about time to start were at war in africa now and nobody knows about the app i remember when we had 4 green berets killed there and the congress didnt even know about it so again this is just a start up of the war it may end in afghanistan but itll start somewhere else its like whack of the moles youve heard of that a lot lately was in the moles on the on the pandemic well this is what the moles on war the commander of u. S. Strategic command has also announced that by the end of this decade for the 1st time the u. S. Will face 2 pair competitors with Nuclear Capabilities those competitors of course are russia and. China washington and moscow already have Nuclear Weapons that can launch from land air and sea and beijing is currently in
Divisions instead of 10 the realignment is based on the National Defense strategy crafted by former defense secretary jim mattis which places new conflicts with china and russia as americas Top National Security threat jesse this comes as the state department negotiates with the taliban to end the war in afghanistan now it seems like when one war ends another probably isnt far behind but it were between these countries would be catastrophic for the world absolutely they would be version but you know world war culture here in america a great deal of our economy relies on the war machine and producing it and continuing to produce it i realize ive said this many times but you cant say it too much to get it into people stick their heads theyve got their stand we have to be a perennial war now and its a war culture. You know were already at war in places where we dont even know and id like to know all these elected officials that we have from the president down they take an oath to the cons