2. 95 . There were talks yesterday about another policy easing soon. There we have it today. The china 10 year bond futures rising on the back of that. The taiex currently down by 2 10 of 1 . T mnc will build the new mac chip. Apple is working on its own mac processes. It will be faster than the processors in the iphone as well as the ipad. The benchmark in new zealand currently bucking the trend, up a marginal 1 10 of 1 . Rishaad absolutely. Getting more details on that. The pboc acting in order to show sufficient liquidity in the system. Injecting merely a billion dollars worth of you want into the banking system. Weve got that declining or cut by 20 basis points. 3. 15 . Direction from our chief asian market strategist. Money intoue to pump the system, the financial system. Does it end up in the right places . This is targeted, hence the name. As the we. Look at chinas policy execution in the past six months. Lot that emphasized a these liquidities need to go to the real economy, to
Fight against the pandemic one of the worst hit countries in asia reports no new local cases. And the u. S. City of miami starts to lift its lockdown restrictions despite a high number of cases. Im going to go with sports is italy its football season looks set to be scrapped players are about to start training again but the country sports minister wants to follow france and the netherlands and focus on next season instead. Its 10 g. M. T. And we start in europe where the economy has suffered its biggest quarterly hit on record shrinking by 3. 8 percent so far this year thats the eurozone sharpest drop since records began in 1995 so yet another indicator of the widespread economic devastation caused by the coronavirus lockdowns around the world all that comes after germany which is europes strongest economy announced its g. D. P. Is on track to shrink by more than 6 percent this year because straight to don. It came it joins us live from len so dominic we were expecting of course the ec
Online more Central Bank Action from japan helping fuel the bulls and despite all of that, oil plunging again, down more than 20 as we see one Energy Company file for brankruptcy. Ahead on todays show, were taking a deep dive on the path forward for retailers. That sector deals with the fallout from the lock down well speak with about the issues facing the industry and be joined by former macys ceo as Department Stores deal with their own challenges and bankruptcy concerns swirl around the sector were up 5 on the s p with 59 minutes left citigroup is up 8 still down 42 year to date. Lets focus on the big stories were watching today mike is is tracking the market moves. Meg has the latest mike, lets kick it off with you and the broader markets. After about two weeks of going sideways, the s p 500 gets a little bit of a boost today to basically the levels it saw at the post crash highs of ten days ago. Take a look at how it fits into the broader picture here 2874 is a number that we firs
Wall street is in party mode now that joe biden is the front runner in the democratic race because they know that if he gets the nomination they have nothing to worry about do they fairly that ferran cousins from trial lawyer magazine to talk about this whats your take on this it was like party on wall street there they were popping champagne corks and this you know it was just so obvious that they love this guy because they know hes not going to change anything for right right we we went through days and days of just the stock market tanking because of kobe had 19 and then suddenly joe biden 1st gets the endorsements from club charm buthe gedge and at that point the Health Care Stocks on monday of last week took off super tuesday happens market opens wednesday to a huge rally and these investors the economists they all say its because of bidens victories. And some of them some of them who run the financial houses out there actually said this happened because joe biden is not going to
Immigrants for i. D. Theft and later in the show trucks been boasting about his new u. S. In c. A trade deal but a major loophole gives american oil and gas firms a leg up when doing business of all dont go anywhere americas war starts right now. Wall street is in party mode now that joe biden is the front runner in the democratic race because they know that if he gets the nomination they have nothing to worry about do they fear and that ferran cousins from trial lawyer magazine to talk about this whats your take on this it was like party on wall street there they were popping champagne corks and this you know it was just so obvious that they love this guy because they know hes not going to change anything for right right we we went through days and days of just the stock market tang. In king because of covert 19 and then suddenly joe biden 1st gets the endorsements from club a charm booted judge and at that point the Health Care Stocks on monday of last week took off super tuesday hap