There, senator mike lee, senator ron johnson, thom tillis, i believe Chris Christie was at this event. Reverend john jenkins, notre dame president , have tested positive for the virus here. This has gotten to be the source of confusion here. If so many have tested positive there, who is running things in the white house . Now all of this, of course occurs as people are waiting with bated breath to see if the president will indeed make it back to the white house today. There is growing hope from some of his doctors at least that is a distinct possibility. You have to remember with the ongoing concern how far this virus has spread, whether it would be a good idea for the Vice President himself, who was by the way at that event and with others Kayleigh Mcenany, hope hicks since, whether it would be a good idea for the vicepresident ial debate to happen . No one posited that that would be called to question, cancel that, outside of your screen in walter reed hospital. Were expecting a anno
The u. S. And china clash again, this time at the virtual u. N. Meeting. U. S. Futures are flat the moment. This after another volatile session. We had stocks rising. One mega cap rebounding. The s p 500 recovering from an early dip prompted by some comments coming from jay powell. Mnuchin spokery in congress today. The dollar touched a one month high. Look at what oil is doing at the moment. Wti is below 40. We are also looking ahead to the asian section. We are suspecting policy changes to come in the november Monetary Policy statement. Large parts of the market expecting the negative rate to take place in the First Quarter of next year. It looks like a modest start to the trading day. Cindy futures are looking positive. Watching the aussie and kiwi dollars. We saw the u. S. Dollar strengthening to the highest in five weeks in the overnight session. Repeating that the u. S. Economy needs more support and has a long road to travel before it will fully recover from the coronavirus fall
Battery day event. He announced a 25,000 electric car within three years. The u. S. And china clash again. This time, at the virtual u. N. President trump slammed beijing for the coronavirus. Xi jinping warns no one should profit from the problems of another. Haidi lets take a look at how we are setting up for the start of trading proper here in asia. We had a reasonable session in the u. S. , that tech rebound continuing to keep things afloat. This as we continue to get a little bit more news flow as to the stopgap measure being reached between the democrats and the gop. U. S. Stocks in the overnight session climbing. Tempering some of these concerns that came through from jay powell, pointing to slow economic recovery as well as Charlie Hedman saying the recession could worsen without more fiscal support. We see the nikkei 225 flat at the moment. We saw that japan markets have been closed. Futures have been dropping. We have seen during that time asia extra pen falling 2 asia x japan
Official cash rate being kept on hold, 0. 25 . They are prepared to provide additional stimulus. Just keeping you crossing these additional lines coming through. Monetary policy needs to support the economy for a long time. The economic recovery is on track. The funding may be ready before the end of the year. There is progress being made on additional monetary calls. There has been a rise in unemployment and an increase in firm closures. These lines crossing the terminal now. They kept that cash rate on hold as expected. Just keeping calm and carry on. You mentioned that november review of the Monetary Policy tool. A lot of questions that they will deploy are negative Interest Rates. This is what the market seems to be pricing in. You see that new zealand 10 year yield ever so slightly get into those record those for yields right now at 47 basis points. Lets check the markets to see what else we were expecting. A lot of central bank action. At these newg zealand assets right now. We a
President trump thank you very much, everybody. I appreciate you being here. We love this state. It has been a great state for me and it has been a great state for everyone in this room and i can we are here to help. Im here with Governor Greg Abbott come a very special man and hes doing a very good job for the state of texas. Lieutenant evan or dan patrick, another friend of mine. I watched you the other night on a very important show and you did and credibly well representing the state. State attorney general can paxton, hes a very aggressive attorney general and that is what we like. Youve got some very big ones, including the mailin ballots. Unsolicited, i call them. The unsolicited mailin ballots were people are sitting home and just get hit with mailin ballots all over the place. I think it is a very important case, not only here but for the whole country. I think about 18 of those cases throughout the country. Pennsylvania, north carolina, we have a lot of them. You are one of t