Commerce department announced that the United States economy g. D. P. Plunged 32. 9 percent on an annual basis in the april through june quarter this is its worst 2nd quarter period on record for the previous worst quarter contraction was a 10 percent drop during the Eisenhower Administration in 1958 but these records dont date back to the Great Depression while hopes one day old on that v. Shaped recovery is Consumer Spending which actually accounts for about 70 percent of Economic Activity it brought down the g. D. P. On wednesday the Federal Reserve chairman powell warned of the lasting damage to the economy of this expectation. Even with the improve Economic News in may and june overall activity remains well below its level before the pandemic and the contract contraction in real g. D. P. In the 2nd quarter will likely be the largest on record. Now this comes as republicans and democrats are working on the one trillion dollar relief package on a looming friday deadline but it appea
News agency there is describing it as a series of quote fires and explosions around the country some of which have hit sensitive areas there you can see firefighters you see the rescue officials there looking somewhat perplexed almost confused as they try and put out these blazes that they cant quite explain ok now i mentioned that theres a mystery here and that theres more to this story and well here it is if those fires and explosions were an isolated incident i would not be leading this newscast with this revelation but the fact of the matter is these are not isolated fires theyre not since late june there have been fires and explosions many of them unexplained around Iranian Military nuclear and Industrial Facilities in fact i want to take you through some of these incidents about 3 weeks ago june 26th when explosion occurred just east of tehran near the Parchin Military base the cause was said to be a leak in a gas Storage Facility ok. 4 days later though june 30th 19 people were
Story an explanation of why and rejection is so reviled and all of this is coming up right here but were going to give. With a bold declaration by china that seems to imply that its simply had enough with quote us stretch to interfere and will now move forward to the dollar rise and strike back against the United States by creating a global currency to compete with the u. S. Dollar china has long considered joining russia and fighting back against u. S. Control of the worlds ability to trade or transfer goods without u. S. Interference or say so but now china is announcing that its actually preparing to be cut off from the u. S. Financial system. And theyre taking what appears to be real steps to protect itself. Why or maybe the better question is why now ok the reason is that while the United States has been heavy handed in the past it has never according to china and chinese experts and officials gone so far as to weaponize the u. S. Dollar the way that the trumpet administration is
Try and i has Just Announced sanctions against the United States which target some of beijings most vocal critics this comes one week after the u. S. Sanctions several chinese officials over reports that they are targeting some ethnic minorities arties racial blevins is joining us now to break down the latest developments here so rachel what explanation did beijing give for the sanctions or a spokesperson for Chinas Foreign Ministry spoke out and she said that these sanctions are specifically in retaliation to distinctions that were imposed by the u. S. Last week in which they accuse several chinese officials of human rights abuses against ethnic and religious minorities now china has denied these accusations repeatedly and it also accuse the United States of trying to meddle in its internal affairs take a listen the vicious harassment interrogation and threats by the United States seriously damaged the legitimate rights and interests of chinese citizens in the us. And also interrupted
T v dot com right now stay with us here at our international for more great and amazing program. Hello there im a military and you are watching in question prognostic are to Americas National news headquarters in washington d. C. Tonights top stories 1st in a tit for tat move china slaps retaliatory sanctions on 3 u. S. Lawmakers and one u. S. Envoy details next in the court then over to serbia where they continue to see protest as the government is threatening another virus lock down meanwhile talks between serbia and kosovo appear to be back on track despite the kosovo president s war crimes. Plus the red planet is about to get a visit from earth invaders well tell you which countries are hoping to seize the moment before time runs out alright its time to put st louis i. Try and i has Just Announced sanctions against the United States which target some of beijings most vocal critics this comes one week after the u. S. Sanctioned several chinese officials over reports that they are ta