Interest rate cuts in the offing. Will it between 25 basis points or will they do what they did this time yesterday you can that is currently in position at the moment, so we had the economic number coming in weaker than expected. Checking the markets, lets see what is going on. We did match the longest losing streak. Did not quite actually make it here longest moving streak since 1980. This is what we have in a moment, this is the position. 1. 1 , a bit of a really for the hang seng, nikkei. Lets have a look at what we have at the moment. 7. 04. We go, we have gold futures, down at the moment but still above 1500. Coming through with a gain of about 2. 75 . This is saudi arabia, prompting Oil Producers to develop responses to the oil price slide. Terrain. Et u. S. 10year yield creeping up a fraction. Elsewhere, we see the bond rally continue. Lets get more on the philippines gdp numbers. Joining us from Goldman Sachs is. Hief asiapacific economist there was conference run remittances
And samsung sticks with the big screen as it launches the new note 10. It is also working with microsoft. Sophie u. S. Stocks and treasury yields stage a comeback signaling more optimism. How are things shaking up markets in asia . Did see the s p go through the largest recovery since december 2018, but traders still clearly weighing as a valuations after we did see the biggest global plunge this week since february 2018. At the nikkei futures, a little bit of weakness, down about. 3 , and new zealand opening up about. 3 percent. We did see the new zealand central bank, india, and surpriseentral banks Interest Rate cuts. Some things we are watching for today, the big one is china trade did a, expecting exports and imports to decline, reflecting some of that pressure from the trade war. Other early indicators also pointed to some weakness. Also biggest trading partners have had weakness as well. Also watching out for that philippine economy secondquarter gdp data. Economists are predict
After eating sevenmonth lows. Theproducers can halt recent slump. The latest trade data from china. The numbers will show how deeply the trade war is biting. Lets see how things are shaping up for asian markets. The s p went after through the largest recovery since december of 2018, we are seeing some modest gains in asia. Nikkei futures down, seeing the new zealand stocks up 0. 5 this is after new zealand, india, and thailand surprised with Interest Rate cuts. We are watching for a slew of Economic Data the big one is the china trade data, expecting exports and imports to decline. We saw some week pmi data before. Also, philippines Second Quarter gdp data will be coming out, it grew faster in the Second Quarter. Expecting japan currentaccount surplus data, expected to widen. We will also watching for singapore retail sales. Paul lets check in on the first word news. War isescalating trade seen pushing the economy toward a first recession in a decade. Larry summers says the risk in the
Room here. Great to see so many members and sponsors and our board. Thanks for joining us here and welcome to trucon 2019. [applause] i am so glad youre hear with us today and i am especially grateful to those of you who traveled a great distance to be here. Thank you. Before we get underway i want to take a moment to thank those who helped make this event and so much of this possible. Were fortunate to be supported by sponsors in the work we do and the world we seek a create. Bob abernathy, Carnegie Corporation of new york, john d and kathyrn macarthur, and others, and with em to herb to the truman for over a decade. Mr. Sandler passed away and i was happy to have met him a few weeks ago. We are not just grateful for their continued investment since 2008, but the willingness to lead by example in funding and guiding the full fight for likemined organizations. Id like to thank board members, alvin, steven bailey, jake sullivan, john finer, matt spence. Franklin templeton investment. Gu
Thank you. Before we get underway, i want to take a moment to thank those who helped make this event and so much of our work possible. We are fortunate to be supported by a range of sponsors, who are partners, really, in the work that we do and the world that we seek to create. Thank you to our conference sponsors, bob abernathy, the Carnegie Corporation of new york, compton foundation, Craig Newmark philanthropies, the john d. And catherine t. Macarthur foundation, open society foundation, the sandler foundation, and here i just want to take a moment and recognize Herb Sandlers support to the Truman Community for over a decade. Mr. Sandler passed away just last week, and i am so glad to have met him just a few weeks ago. We are grateful not just for their continued investment in our Organization Since 2008, but for their willingness to lead by example in funding and guiding the good fight for a wide range of likeminded organizations. I would like to thank Board Members, john driscoll,