Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
This is bloomberg surveillance. This is what the markets are focused on. The markets are looking at some of the data out of germany. Business confidence coming in. 86. 2. Instead of the estimated 85. We are watching out for the case surges in the virus. Something i dont look at very often, but we decided to put in aussiedollar. It did reverse gains. It does seem that european stocks are slumping as investors figure out asset types. Now lets get straight to the bloomberg first word news. Here is dani burger. Dani the pandemic spread in the u. S. Is leaving some state officials to consider slowing or even reversing plans to reopen. Infectious disease expert Anthony Fauci is concerned about the uptick. Struggling to pump out its 2 trillion of virus aid. Much of it remains stuck in tokyos aging bureaucracy. Still 40 of the funds have not reached people despite being approved in late april. For loans to Small Businesses, only 14 have been lent out. For job protection subsidies, it is even w
Exports from france and the u. K. In what could become a wider transatlantic trade fight. Just what everyone needed. Correspondent mike mckeen is going to break down those details. You missed it right . Terrace man, he is back. The Trump Administration getting ready for another round of tariffs on the European Union. This time legally permitted by the wto which the administration billion ino 7. 5 tariffs because of illegal subsidies to airbus. The initial round only targeted half of those. Ony put in 15 taxes aircrafts and parts, 25 and including Gourmet Foods like scotch whiskey. Also industrial goods like pipe cutters. Now they want to impose a new round using up the rest of the money, they would put tariffs on things like all lives, be your, trucks, beer, clothing. Good news for guy, bad news for alex. Edition jin would get more expensive at the height of gin and tonic season but maybe an excess of supply would help guy in london. This is something called carousel retaliation. They
That the American Financial system. Kind of in 1858 in lynchburg virginia and grew up in the reconstruction self. Is this policy on the role of government was shaped by the views of thomas jefferson. For just 70 miles north. From 1903 until the early 1940s they played a key role in every important legislative debate. Its colleagues in the house, later in the senate, both democrats and republicans, as the go to expert when it came to baking issues. Our glass was a consummate politician. He was an expert when it came to reading the political tea leaf and crafting compromises that could be passed into law. He was wheeling to empower the federal government in his judgment circumstances were warranted. Twelve roosevelt progressive, he shepherded the most important progressive new deal reforms through the senate. Turn class had assault, he can be grumpy, but mostly in private. He was not a proponent of racial equality and thats putting it mildly. And he was a democrat. That was a joke. [laug
Bank has enough currency reserves including dollars for the next 13 months but there isnt enough dollars for importers and traders how does that work well the fact is that the central bank does have. Reserves but the situation is actually quite precarious just because weve been actually living with a large budget deficit and very increasing a trade deficit now the inability of the lebanese government to actually attract capital from abroad its putting a lot of pressure on actually deserves so what the central bank is trying to do is actually slow down sort of of its reserves in order to actually contain this situation right now. Is there a trust issue between the banks and the Central Banks or as the Central Bank Governor has suggested dollars should be used inside lebanon and not outside is he suggesting then dollars are being withdrawn and spent in say syria actually did relationship between the Banking Sector and the central bank is actually quite strong in fact its that high level