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
Face as theandemic bears down. All that and more on tonights pbs newshour. Announcer major funding if the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Consumer cellular offers no contract wireless plans that are designed to help you do the things you enjoy whether youre a talker, photographer, o a bit of everything, our u. S. Based service team is here to find a plan that fits you. Go to consumercellular. Tv. American cruise lines. The john s. And james knight fotion foster enformed and engaged communities. N more o kf. Org. Announcer and with the ongoing support of these institutions. And friends of the newour. This progr was made possible by theorporation for public broadcast and by contributions to youtapbs newson by viewers like you. Thank you. Ma judy outh pandemic rescue plan for the u. S. Costing more than 2s trillion i now law. President trump signed it today and order a major automaker to start churning outentilators. A
Mixed about the moment. What we got is the cac higher, the ftse a little bit lower. We have some interesting moves when it comes to the Foreign Exchange markets. The euro trading sick differently higher trading significantly higher. The dollar has been going down. That manufacturing data a real surprise. I would thought id i thought i would bring up airbus. It has launched the new longrange version of its a321 today. We will talk to one of its customers a little later. Vonnie historic crowds took to the streets again in hong kong to protest a bill that would allow extradition to china for the first time. Chief executive carrie lam apologized and shelves the bill, but protesters are still calling for her resignation. We are joined by stephen engle, bloombergs chief asia correspondent. Will she have to go . Stephen thats what all these protesters who are still here in front of the Government House on the harborside of hong kong want. They have a number of demands, including the complete
Just a moment. And bond yields rose t a near fouryear high and that was enough to batter stocks. Falling the most since august. The Dow Jones Industrial averag dropped362 points to 26,076. The nasdaq was off 64. S p 500 was down 31. Babb pass any has more on todays selloff from the new york stock he can change. The steep selloff continued today on wall street bringing the dow down 4100s after session lows. We havent seen that for a long time. Energy sem i conductors, industrials, key economic benchmarks wdae all down toy. Whats going on . Er there are s risks to the market right now. Call it a stew. Ri ng Interest Rates continue to be a big story. Bond yields are hovering aund fouryear highs. And with a potentially more aggressivehi Federal Reserve year, investors are starting to get a little bit nervous. Second there is the earngs question. Some would argue that the acceleration in Earnings Growth thatowered the markets higher will slow down the market next year. Finally sentiment lel
Crying chuck stay. About 600 highrise apartment buildings are estimated to have the same sort of installation used on the burned last that week. Global news, powered by more than 2700 journalists and and over 120 countries. And york. Live from new joe were 30 minutes from the u. S. Ng trading here in the julia u. S. Stocks holding in green. Joe question is whatd you miss . Republicannate leaders unveil their healthcare overhall. Saying they arent ready to vote for it. Review off the annual the bank will come out one hour. The results. At and qatar express interest of buying up to 10 American Airlines. As competition heat up. Joe lets look where the major averages stand. Abigail is standing by. And s p 500 are all trading higher. This after earlier this morning, flipflopping between small gain and losses. Being helped by healthcare. Healthcare s p 500 index up more than 1 on pace for fifthn record close. Lets look at the worst sector 500. For the s p the financial sector, really being d