13.02 new information emerging on Brexit and Winter Olympics as the markets live again.
Last night Trump visited the Senate to propose the new 2019 budget and his offer was quite shocking to the public. Olympics officials reveal the major problem with the opening ceremony and Brexit opens a new chapter in UK-Ireland communication.
Monday, Washington DC. Donald Trump has presented new 2019 budget and it is a controversial one.
During his presidential campaign Donald Trump promised that he will not touch the funding of Medicare and other social services that are given to the US citizens. But seems that these promises are no to be fulfilled.
Presented budget reduced the Medicare funding by $236 billion in the next 10 years. The White House, however says that not all the spheres of the medical coverage will be reduced but only some sectors of it.
But this is a lot of money, so where will it all go? Trump proposes to give more funds to the military sector and to building a wall on the Mexico board. These ideas of funding were not hidden from the public, as, for example, the wall idea was pitched by Trump long before his presidency.
Although it is not guaranteed, that this budget will come to life, as US Congress, which controls the budget reforms, rarely accepts proposals form Presidential plan.
One of the Brexit main issues is UK’s border with Ireland. It has become of the main conflicts along UK’s way out of European Union.
Yesterday Theresa May and Irish Prime Minister Leo Varadkar met in order to discuss the issue.
May wants the borders between UK, Northern Ireland, UK and Ireland and Northern Ireland to be check-points free. She is also really set on going out of the free trading space of EU.
Varadkar says that he only cares about May fulfilling her promise to him – keeping the border between the Irelands with no police presence and no check points. He also said that it is good that UK and Ireland are sitting at one table, while EU is behind closed doors discussing their problems in Brexit.
The opening act of this year’s Winter Olympic Games was hacked, according to Bloomberg source.
Hackers caused LAN and WIFI failure during the opening ceremony of the Games which was the reason for a major embarrassment of the organizers. The spokeswoman for the Pyeongchang Olympics said that the hack also prevented the tickets to be printed right off the website.
The system was fixed on the morning of February 10 and those responsible are still being searched for.
The reason behind the possibility of the hack is said to be the quantity of people that are brought together for such events form different places and the quantity of the ads, as not all of the sources are properly protected from the viruses. “Anything that is run temporarily carries risks because not everyone is working hand in glove. This hurts the public credibility of the Pyeongchang Olympics given how important networks are in running such a massive event.”
This information was revealed this morning.
MSCI Asia Pacific Index outside Japan is continuing to gain points after quite good gain yesterday, today 0.4 percent was added to the Index.
Hong Kong Hang Sang Index went up 1.5 percent which can be an indicator for recovering markets in Asia.
S&P 500 Futures didn’t live up to the expectations of a good growth two days in a row and has fallen down by 0.2%.
Dollar’s basket against the basket of 6 major currencies has fallen lower as the greenback is losing value today.
Yen is up 0.5 percent – 108.07 per one dollar.
Euro has grown 0.2 percent - $1.2317 is the value.
Silver is $16.646 per ounce. Gold is up 0.2 percent – 1.325.54 USD per ounce.
WTI is traded at the point of $59.70 per barrel.
- by Mark Densel