And the president needs to be heard from on this issue. Vice president s appearance yesterday only caused the market to worry whether the president was even worried enough. Its important that hes doing what hes doing, and get out there in front of america. Tonight the president will put all those concerns that investors have and america has at bays as he pitches a new stimulus package. The easiest way to do this, the payroll tax cuts, it maybe one of the plans we hear from the president tonight. The other would be industry tax cuts. You know how much it bothers me that things are getting some politicized. I dont think these measures will be appreciated by democrats. We are already seeing pushback by the left and the Mainstream Media. These payroll tax cut is not if fully baked plan. But what do you think of the concept of that in general . I dont think its the right concept. I have not found a single House Democrat interested in a payroll tax cut. The payroll tax holiday only goes to p
And the president needs to be heard from on this issue. Vice president s appearance yesterday only caused the market to worry whether the president was even worried enough. Its important that hes doing what hes doing, and get out there in front of america. Tonight the president will put all those concerns that investors have and america has at bays as he pitches a new stimulus package. The easiest way to do this, the payroll tax cuts, it maybe one of the plans we hear from the president tonight. The other would be industry tax cuts. You know how much it bothers me that things are getting some politicized. I dont think these measures will be appreciated by democrats. We are already seeing pushback by the left and the Mainstream Media. These payroll tax cut is not if fully baked plan. But what do you think of the concept of that in general . I dont think its the right concept. I have not found a single House Democrat interested in a payroll tax cut. The payroll tax holiday only goes to p
Products a bid to list budweiser brand in hong kong and Saudi Arabias Energy minister says every country should comply with oil output. Well sit down with the russian Energy Minister later on this morning. A lot going on today also in oil space. I want to take you to highlights from the iea report. The agency has kept 2019 and 2020 Oil Demand Growth forecast unchanged. The latest report describes the newly appointed minister as an experienced figure saying the country has acted as a lynch pen even though the compliance rate has fallen to 116 in august and a recession is on the rise in germany. Saying the weakness in industry is slowly spreading to other sectors in the economy, quote, like an oil slick. Theyve scaled back growth indicators now forecasting 1. 2 growth. Well speak about this more at 10 30 Central European time. Interesting ifo is using the word oil and oil slick there could be potential for things to turn around. Ecb expectations have been prizing. Today, the central bank
Next the hearing from the House Select Committee on the Chinese Communist party, an alleged human rights abuses against the uyghur population. A mostly Muslim Minority in a country in the northwest. The testimony from human rights advocates and people detained in prison camps in the region. Its about three hours. And the select committee will come to order. At this beginning of ramadan, as muslims around the world commemorate Prophet Muhammad receiving the first revelations of the quran, we are here to say a horrifying truth. The uyghurs, many of whom matt practice the muslim faith, are being erased. Genocide is occurring. This time, at the hands of the Chinese Communist party. We are privileged to have with us many members of the weaker community. We are deeply grateful for your bravery. We know that it comes at a great cost. We prepare to hear firsthand testimony from the ccp concentration camp. I would like to turn to alicia we sell, whose father, auschwitz survivor and Nobel Laurea
Is no plan b. Is daybreak asia coming to you live from bloombergs u. S. And asia headquarters. The week and asia was too short, missing you already. Bit of a jolt to wake up asia, but also centralbank decisions, heads speaking this week. Lets take a look at asia, slow going on this monday morning. X 50. On the nz austria, counting down to the open in sydney, seoul, korea, and tokyo. 43, so couldve be a boost for equities. Slightly higher when it comes tospi 500 futures. Spi 500 futures. We could be seeing equities , a 40 point loss at the open in tokyo, so still looking pretty quiet. Today. Markets closed singapore,in malaysia, indonesia, philippines, and india. Thats right. Looks in thesia early going. We continue to watch headlines ,oming out about takata deciding to file for bankruptcy today in a tokyo district court. Far, no comments from the company, but we will be watching more detailsy and on this bankruptcy. Lets get to first word news. Haslinda south korea has joined nations b