60 billion kiwi dollars. It is projecting a contraction of its gdp in the Second Quarter to 21. 8 . New zealand maintaining its benchmark Interest Rate at 0. 25 , all pretty much as expected. The rbnz has been at the forefront of supporting the 0. 5 already. Ates under a lot of pressure for this fiscal stimulus, as weve been saying, to double to 60 billion kiwi dollars. Facing a lot of scrutiny on whether to take rates to negative. We will see if it does that later on. For now, keeping rates steady. Kathleen bring in hays. It does seem like rbnz did exactly what the markets expected. Absolutely. There was no changing sentiment in the key rate. 75 basis points move in midmarch, that emergency front, the rbnz saying they are prepared to cut the cash rate further, taking it lower, then that door gets opened even wider. They are saying that the balance of economic risk remains to the downside. Forhey are looking contraction in secondquarter big that would be quite a hole to fill. They are
Well show you her husbands emotional plea and the latest on the investigation. And shooting for the stars. Ahead of the first astronaut launch from u. S. Soil in nearly a decade, we talk to the current commander of the International Space station. Its a big deal, but first, heres todays eye opener, your world in 90 seconds. We dont want to be a national embarrassment. You have a 90some odd degree day yesterday, okay . Its memorial day weekend. The beaches are open. President trump back on the golf course this memorial day crowds packed beaches alarm something of the nations top Health Officials. We need to be Wearing Masks in public when we cannot social distance. Its critically important. The president s weekend golf game is the focus of a new ad from the biden campaign. That campaign ad reads the death toll is still rising. The president is playing golf. The white house is banning travel from brazil as the south American Country continues to get hammered by the health crisis. Because
A boom bust panel on hand to break it down got a packed show today so lets dive right in. And china announced tuesday a new set of u. S. Products eligible for waivers from salvatore tariffs put in place amid the height of the trade war between the worlds 2 largest economies now the Chinese Foreign ministry issued a statement saying the waivers on 79. 00 products will be put in place on the 19th of may and expire in may of 2021 the new list of products with waivers includes ores of rare earth metals gold ores so wars and concentrates as part of the phase one trade deal between the 2 countries signed in january china agreed to increase imports of u. S. Goods by over 200000000000. 00 over 2 years now the 2 sides held a call last week to discuss implementation of the phase one following a threat from u. S. President donald trump to pull out of the deal if beijing did not meet their commitments now the Chinese Foreign ministry on tuesday spoke of the importance of upholding this agreement.
Passage canceled. Prom, senior trips, graduation. But as my nightline coanchor byron pitts discovered, they are determined to rise. When i envisioned going to college, i knew that it would create a better life for me. Reporter growing up in foster care in los angeles, dreaming about the future sometimes seemed like an indulgence for 17yearold jenny soto. But she found a passion and a sense of belonging playing lacrosse. The coachs high gpa requirement kept her focused on her goal of going to ucla. Yeah reporter this spring the senior at Downey High School found out she had been accepted. Im the first generation. Just by me going to college it just flips my life around for not just me but everybody after me. Reporter the sense of achievement she and so many in the class of 2020 feel dampened by the loss of so many important moments this year. Canceled proms, graduation ceremonies moved online, goodbye hugs postponed indefinitely. Those rites of passage impossible in the midst of a pande
Phase one trade deal between the 2 countries signed in january china agreed to increase imports of u. S. Goods by over 200000000000. 00 over 2 years now the 2 sides held a call last week to discuss implementation of the phase one following a threat from u. S. President donald trump to pull out of the deal if beijing did not meet their commitments now the Chinese Foreign ministry on tuesday spoke of the importance of upholding this agreement. Then the 1st phase of the economic between china and the United States china the United States and the world both parties should hold your examples of equality and Mutual Respect and jointly implement the agreement. To creating favorable. Conditions for implementing the phase one china u. S. Trade agreement and for more on this lets bring in expert analysis from todd horwitz chief strategist at bubba trading and topix with c. E. O. Of Transformative Research thank you both for being here with us today so but i want to dive right in here is there an