Barry Eichengreen News Today

Distribute 300 million doses of the Coronavirus Vaccine in india. Says it is paired with an Indian Company to conduct phase three trials in india. A top Indian Health official calls the partnership a winwin for india and the world. In lebanon politicians have missed a deadline to form a new government. The deadline was set by Emmanuel Macron who has been pushing lebanon to an act urgently needed reforms. Lebanons struggling economy took another hit when an explosion killed nearly 200 people, inj...

Signs that the economy is on the mend. You have the manufacturing report that showed us back in positive territory. Manufacturing is no longer contracting and it confirms the positive reading we got in last weeks empire manufacturing. Indicators higher than expected on the other hand, jobless claims coming above one million. A waitandseein mode. We have seen the s p 500 go to the nearest peak and then last thursday happened, a sharp drop with a longoverdue pullback. We briefly dipped below 2000 ...

It has been a choppy session. Down. 1 , while the nasdaq is up. 2 . The dollar index is strengthening. 97. 55. We had a drop in the 10year yield, we are back at 70 basis points. Lets get some details on what is moving in the market. Scarlet fu is with us. A mixed trade across Asset Classes. Certainly within equities. The backdrop is the next Economic Data we got. The philly fed numbers were interesting, in that they confirm the empire numbers from last week, back in expansion mode. Manufacturing...

95000 people ultimately we may be juggling about something more than that. Venezuela charges 2 americans with terrorism and conspiracy to overthrow the government. Accusations of slavery see indonesia demands answers off the deaths of fishermen working on chinese boats. And a new ships remembrance loci commemorations take place to mark the 75th anniversary of the end of the 2nd world war. We begin in the u. S. Where unemployment skyrocketed in april saying the biggest spike in close to 90 years ...

And election in the time of a pandemic South Koreans carefully head to the ballot box also. A kind of leadership doesnt just belong in our state capitals and Mayors Office belongs in the white house. Former u. S. President barack obama breaks his silence and endorses joe biden. U. S. President donald trump says he will suspend funding to the World Health Organization the u. S. Sends 402500 1000000 dollars a year to the w. H. R. Trump says the organization botched the initial response to the coro...

Energy is interesting because energy looks to be fairly red. Tried to stay independent. All in all, that is a positive industrials also being bought this morning. Move but now he is doing another not a very clear message coming from the sectors. What do we see in the movers . Move because he holds himself out of the election and that is the best he could do with the moment. No doubt we will see some moves our colleagues based on that. And we are getting gdp running that powell will need a figure...

The most senior catholic found guilty of sexually abusing children, has failed in his legal attempt to quash his conviction. An appeal Court Hearing in australia has rejected his argument that the verdict was unfair. The former vatican treasurer was jailed in march, for 6 years, for abusing 2 boys in a melbourne cathedral in the 1990s. Chrissie foster is the mother of two girls who were raped by another catholic priest. She campaigns on behalf of the victims of Sexual Violence and was in court w...

Gave Alexis Tsipras the victory he needed. Lawmakers approved a package of pension talks and tax hikes. Those had to be passed before greece could get a bailout that might deliver 94 billion in aid. Tsipras argued for the plan from the parliament floor. Mr. Tsipras during these past five months, we have fought hard. In view of this struggle, which had omissions. I take responsibility for this. I am not walking away. Vonnie the eurozone responded. Officials had agreed in principle to give greece ...

World war ii victory parade next week. The u. S. Rally may not last. S p futures indicate u. S. Stocks will open lower today. The s p 500 is coming off its biggest twoday rally since 2009. Oil heading for its biggest weekly game since april. Wti up around 43 a barrel. Yesterday after reports the u. S. Economy grew faster than expected in the second quarter. Puerto rico being drenched by Tropical Storm erika. The storm is moving west after flooding the island of dominica. 4 people were killed and...

We have the brexit show coming up, brexit negotiations over last week. Beopean stocks seem to pretty steady. There hasnt been that much move over the last five days. Study after yesterday. Concern that of the u. S. Tax reform plan is encountering stumbling blocks. Gains, asng back some theres not so much of a risk. You can see the vix index up 5 . Heres nejra cehic with first word news. Nejra President Trump has arrived in vietnam and delivered a speech. He said that washington will only make tr...