Lets have a look at what has been really driving things here, haslinda. Haslinda the focus this week for markets will be that policy meeting in china. Fed chair Jerome Powell says a new rebound in u. S. Growth depends on the delivery of a vaccine, but he stressed that the economy will recover eventually. This economy will recover. It may take a while. It may take a period of time. It could stretch through the end of next year. We really do not know. Powells remarks follow a warning that and our chief asia correspondent, enda curran, joins us now. Away . S the key take powell saying he is not looking at negative rates. Enda not looking at negative rates, haslinda, but also saying they have some options on the table. The fed has done so much in terms of cutting Interest Rates. And all of the liquidity measures it has taken, they still have the option of doing what the bank of japan does. Yield curve controls. Some of the commentary now will be a around whether or not the fed starts tryin
Throws its weight behind the World Health Organization and says any vaccine success will be shared by all. President xi says cooperation is vital. It was really this help vaccine help on this vaccine obnoxious safety but also the immune response effort to see vaccine that really de u. S. Stocks higher. We did have the s p gaining more than 3 . U. S. Stocks surging the most in six weeks on the promising early results. That has led to a pretty steady sense of positivity. We are seeing u. S. Futures as well as trading in new zealand. Australian futures among one of the asian features that are trading up by over 2 . In fact, the highest since march 11. We are seeing highs for hong kong and japan futures going into the start of trading in asia. Lets get more on china. Xi jinping is promising to make any Coronavirus Vaccine universally available once it is developed. This as he reiterated beijings support for the World Health Organization. The pledge is part of efforts to defuse criticism of
Federal reserve will meet this week to decide on how to tackle some issues facing the u. S. Economy what moves will they make following recent rate cut well take a look and later in the midst of shortages due to the outbreak we take a look at the surge in prices for some products and there are reports of profiteering with a boom bust panel show today so lets dive right in. As we continue to discuss the prospects of returning to normal life in reopening economies the truth is many experts dont believe that will fully happen until there is a working vaccine but there is some promising news out of Oxford University in the United Kingdom according to a report in the New York Times scientists at the university of Jenner Institute are ready to move forward with trials of an inoculation tested against previous versions of the krona bias which. Harmless to humans researchers at the National Institutes for health Rocky Mountain laboratory in montana tested the oxford vaccine on 6 monkeys now th
Economy what moves will they make following recent rate cuts well take a look and later in the midst of shortages due to the outbreak we take a look at the surge in prices for some products and there are reports of profiteering with a boom bust panel show today so lets dive right in. As we continue to discuss the prospects of returning to normal life and reopening economies the truth is many experts dont believe that will fully happen until there is a working vaccine but there is some promising news out of Oxford University in the United Kingdom according to a report in the New York Times scientists at the university of Jenner Institute are ready to move forward with trials of an inoculation tested against previous versions of the crown of virus which were harmless to humans researchers at the National Institutes for health or. Rocky Mountain Laboratory in montana tested the oxford vaccine on 6 monkeys now that animals were given a single dose and exposed to the current corona virus an
Is a nerd. Who shakes her house the most sensible so. This is the one business show you cant afford to miss im going to foreign washington coming up the newest demo already well into phase one studies in humans. Terms of the say may be light at the end of the tunnel when it comes to covert vaccines as some trials are making headwinds straight ahead we break down the state of global infections and where the fight against the pandemic stands plus the title observer will meet this week to decide on how to tackle some issues facing the u. S. Economy what moves will they make following recent rate cuts well take a look and later in the midst of shortages due to the outbreak we take a look at the surge in prices for some products and there are reports of profiteering with a boom bust panel show today so lets dive right in. As we continue to discuss the prospects of returning to normal life and reopening economies the truth is many experts dont believe that will fully happen until there is a