Today sonal desai, Franklin Templeton cio. There is a narrative out there that regardless of what happens in two weeks time, things will be ok, someone will deliver a fiscal package. How misplaced is that comfort that things will be ok . Sonal i think you have to break this up. First of all, the idea that within two weeks we will certainly know one way or the other. We dont know that for a fact. Over the last several months, the market has become increasingly comfortable with the idea that mailin voting will happen, we will have a blue suite, and it will be clear shortly after the election. And the election will not end up in court. It is a little risky to discount that completely. That is the first thing that could create a certain amount of nervousness in markets. The second issue is that fiscal package. Right now, we have come full circle of markets being concerned about a blue sweep to actually welcoming one because they are eyeing an eye watering we large fiscal package into next
Relative sense yes yes. Yes, and they are. Theyre at home as they have been all week and focusing on on frankly theyre not symptomatic and there was the need for testing. Bill ackman on our air earlier today suggested the nation should shut down for a month or so, an extended spring break. If that were to happen, and i know you dont think someones voice is coming through to us, and i know you dont think that is the right course of action, if that were to happen, do you think that would be supportive of market levels or not . I dont think so. I think we need to make sure people need to have access to the markets and i dont think we would reduce concern about how events are unfolding in the coming weeks we have a few weeks of uncertainty and we will get through this and well see how quickly it evolves, but every single day we learn more every single day we put in new protections and new measures and people are taking this very seriously and thats an important thing to highlight well get
The president s mom at the zone box in office and returned the country to civilian rule. Also coming off, im almost clean up is under way of the ty phoned up, so a devastates pots of northern china flooding, on least by the stones of pills. Dust and full people are missing often mol, boats, carrying migrants, cap sizes in the mediterranean. We look at why so many People Choose to put their lives in the hands of migrant smuggling and at the football world, cup. Ecstasy for england, but agony for not jerry up. The black last to european tompkins reached the full to find this out for a penalty shoots out when over the super falcons, who have the best of chances in and theyll know for the a god of as thanks for joining us. This as new military rulers have closed the countrys aspects, accusing neighboring countries of planning an attack. The deadline for these as new military rule is to reinstate the elected president has passed and there are no signs. The whole size, backing down the equal
Directly on military bases, if some are deployed not in israel, they will deploy primarily at their bases, because they graze there accordingly, they have a country nearby with one of the largest reserves of missiles, the average shorter range, which can simply overload any air defense in principle, so from this point of view, this is the logistics of access to these objects, we argue on the topic that the americans are taking revenge for the fact that a blow was struck against the americans on the territory of syria , whose presence on the territory of syria is illegal, you just need to understand that they still respond with tacit consent. The whole world, well, as i understand it, not including ours, actually not silently, china is no longer, well, of course we are outraged together, but im not saying anything about us, im saying, china said about the need to protect security including iran, that is, judging all the chinese have their own, as if for a long time he occupied a kind of
The stock flood in asia, a curve when it comes to the selloff in tech, that was saw in the nasdaq 100. Even in futures trading, extending significant declines. We have seen tech names leading some of the losses across the world. We are seeing skittishness when it comes to currency trading and yen. It is past the key level of 150. We have concerns over where the rba goes, now that the inflation number, even as the rba governor says they will were not terribly surprised. We are seeing repricing when it comes to the expectations in the aussie dollar moves. David yeah. It looks like halloween. Or valentines day. These colors on your screens. Thailand is joining the fun. In fact, that specific market, we have just gone in one direction. We are effectively at 2. 5 year lows on the set index. We are 19,000, nifty futures opening up in a couple of hours. Thailand. The broad pay point pain point. We will talk more about that in a moment. Now just a pivot away and look at the trading session in