The hearing was set before the bank agreed to pay 4 billion. The race for tiktoks assets aress the globe sees we told its been talking to geo platforms. We do have some breaking news crossing the bloomberg. Current account numbers coming through. We are getting the july current account surplus coming in at 7. 5 billion u. S. Dollars. The trade surplus sitting at 6. 9 7 billion in july and we are watching out for some other developments coming out south korea today. Highlevel officials of the Ruling Democratic Party and the government will be meeting to discuss a second cash handout and potentially a fourth extra budget according to local mode media reports and we are expecting perhaps an announcement when it comes to the social distancing measures as well as the coronavirus update to come. Lets take a look at the fed when it comes to the markets. It was a fallback overnight when it comes to u. S. Stocks and driven by a correction in the highflying tech sector. We saw u. S. Stocks falli
Ahead of sundays president ial election in d w reporter is sentenced to 10 days in prison the crackdown comes as president Alexander Lukashenko alludes to extend his 26 year long will. Unlock thank you so much for your Company Everyone were following breaking news out of india at this hour a passenger plane has skidded off the runway while trying to land at an airport in the Southern City of cosi koda also known as covey cut reports say at least 14 people are now dead and Dozens Injured the Air India Express flight was returning to the country from dubai with nearly 200 passengers onboard. Lets get you latest now want to bring in my colleague in minera child dari a correspondent in yemen there what more have you learned about this incident. Well this incident happened late this evening this was a jeep actually coming from dubai to the state of get along and deported li was trying to land on the runway the craft skidded off and landed in a court lifting into 2 parts that have been distu
Yesterday, were up the inflation rate as well. They saw exports came in at 13. 3 contraction. The headline number, 16 point 60 contraction. 16 contraction. Tom the question is whether on the fiscal side they will need to do more. The markets. N with a mixed picture in terms of sentiment from investors. You have got some significant southgs in japan and korea. The asiapacific almost back to the prepandemic levels. 169 is what you are looking at. Over on the mainland we have got red on the screen. The shanghai composite is down. Mike pompeo talking about attempts to really divide the internet and the tech space between the u. S. And china. The foreign minister saying he wants to avoid a cold war with the u. S. Got earnings now, looking at those shortly. Seeing gains of. 3 . Looking ahead to jobless claims. The private numbers were a big mess. Jobless numbers later in the u. S. And then the perils friday. Atcan move it on and look the individual stocks. It is earnings season. We have had
Lets look at the boards. S pralia, new zealand, downgrading the outlook for australia to negative from stable. Open toand, increasing qe. Looks like they are willing to extend bond buying. The csi 300, still a little bit of pressure after the threeweek highs we reached yesterday. The nikkei, pretty much flat now. Like investors were taking this state of Emergency Declaration in stride. Saying we could be a very good chance of hitting a bottom. Watching currencies. Seeing so many go back to the yen. The rupiah just coming online. We have learned that jakarta ordered offices to close. They are also banning gatherings. The offshore renminbi still seeing a bit of weakness after we did see some strength. Yield, chinese 10 year we certainly saw the yield at 2002 lows. Tom now lets focus on the lockdown in the original epicenter of wuhan, which has been lifted. The situation is still far from normal. Complex restrictions are in place and there are fears of a second wave of infections. Darren
Alltime high, President Trump signed an interim trade deal ahead of that the agreement averts new tariffs on chinese goods that were due to kick in this weekend. It is 4 00 a. M. In the u. K. I am Tracy Alloway in hong kong. You are watching the pound this morning. As soon as we got the exit poll, that was six hours ago, suggested we would see a big majority for Boris Johnson. Everything we have seen seems to confirm we all we will see a big majority for Boris Johnson. The pound goes higher, up by 2. 4 . The euro falls against the pound. We have not just been covering the brexit ramifications. There is also the trade narrative, progress between the u. S. And china. That is having an impact on agricultural products. There are two walls crumbling friday. One is the redwall and the other is the proverbial wall of worries for investors. Look at the price of soybean futures, those are surging off the back of speculation that lots of add products will be bought by ag products will be bought