A new race to the white house were joined by the sun to secure the democratic nomination i believe we can be down draw follow all the developments in the u. S. Election campaign on al jazeera. Hello im sammys day than this is counting the cost on aljazeera your weekly look at the world of business and economics this week a Mighty Dollar for all the talk of emerging challenges when push comes to shove the dollar proves its the worlds reserve currency we find out why the Financial System riddled with bad debts india tends to revive the countrys 4th largest bank as depositors yank their cash. And saudi arabias Oil Price War with russia could send crude prices to 10. 00 a barrel with an oil producer like indonesia cope. 9 trillion dollars and counting thats what rich nations have spent so far on the coronavirus pandemic theyre trying to make sure theres a functioning economy if they get to grips with the outbreak or the damage done is likely to surpass the financial crisis maybe even the G
System riddled with bad debts india tends to revive the countrys 4th largest bank as depositors yank their cash. And saudi arabias Oil Price War with russia could send crude prices to 10. 00 a barrel with an oil producer like indonesia cope. 9 trillion dollars and counting thats what rich nations have spent so far on the coronavirus pandemic theyre trying to make sure theres a functioning economy if they get to grips with the outbreak but the damage done is likely to surpass the financial crisis maybe even the Great Depression what is known its the worst economic crisis in the last 70 years well at this time theres a rush to safety the 11 year bull run in u. S. Stock markets is over and theres one safe haven everyone is banking on and its not gold its the dollar for all the talk of the dollar would lose its reserve currency status its proved to be just that talk lets take a look at some examples now emerging markets have borne the brunt of the rush for dollars indonesias superior lost
Investors did not like it. The printsabia puts in charge of the kingdoms oil ministry. He has a strong personality when it comes to the market for. The market. [inaudible] i suspect they will do one or two more, but then it is time for a pause. On conventional wisdom to a changing financial environment. Assetporate bonds are an class that provide more risk than return to red bonds are not a safe place to be dreaded traded e to be place to be traded place to be. It is all ahead on bloomberg best. Hello and welcome. This is bloomberg best. Lets start with a day by day look at the top headlines. The tension between Boris Johnson and u. K. Lawmakers ratcheted to new levels monday as the pm stuck to his do or die brexit plan and parliament came together in opposition. The British Parliament is about to suspend its operations for a month at the request of force johnson and the order of the queen, but not before an act of legislation barring the Prime Minister from leaving the European Union
Hearing from some the biggest names in aviation. The ceos of airbus and airasia will be on the pulse this morning. Greeces finance said creditors must take his countrys proposal seriously if they want to break the deadlock. After the European Central Bank President mario groggy said greece needed to take the necessary steps and the ball was squarely in the greek government. To get more we are joined by hans nichols in berlin. What are the creditors plans and greeces plans and how far apart . Hans they seem far apart. We see a lot of reports at least one important report talking about plan b if theres going to be an exit and capital controls on greece. And the greek plans and according to mr. Varoufakis editor interview is we will not be coming to the table with a new plans. More work needs to be done and they need to take our initial proposal seriously. It does not like greece will show up with a new planet which everyone is expecting them to do and amending them to do a new plan which
Drink to all eyes on the European Central bank right now. What will they say about the european economy . A live report from london. European stocks higher as the ecb conference. Lea stocks initially rising to multiyear highs in japan. The nikkei jumps six tenths of 1 after the bank of japan would keep its stimulus payment place. Train to the big earning super microsoft. A big layoff and a in a reorganization. We look to you what to expect. Use my lea 5 01 a. M. In new york. July 20th. I am trained for and for Lauren Simonetti this morning. And gerri willis and for cheryl casone. Breaking news this morning. John mccain diagnosed with an aggressive form of brain cancer. Doctors found the tumor after they removed a blood clot from above his left eye. President trump tweeting melania and i send our thoughts and prayers to senator mccain and their entire family. Get well soon. President obama saying john mccain is an American Hero and one of the greatest fighters ive ever known. Cancer doe