Job woes, Trump tensions and China’s rebound

Friday May 15th 2020

The US and Australia have both reported dour job numbers, although markets were braced to expect it. Phil Dobbie talks to NAB’s David de Garis about the calls for more fiscal support, most recently from the Fed’s Neel Kashkari. New Zealand isn’t holding back on stimulus, announcing … an extra $50 billion in spending. US China relations worsened slightly, after President Trump said he could “cut off the whole relationship”.  And later today we’ll get more evidence of whether (or not) China is witnessing a V-shaped recovery, with industrial production numbers for April.

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