A 13000000000. 00 euro tax spilled a u. S. Slapped on apple that on behalf of our allies will the tech giant have to pay out doubling doesnt even want the money well talk about why. And south africa reopens good schools up despite rising coronavirus cases many of them lack basic facilities and that has people worried theyll become breeding grounds for the covert 1000 bucks. Plus flooding in bangladesh forcing more than a 1000000 people from their homes about a 3rd of the countrys now under water after some of the heaviest monsoon rains in decades forecasters are warning more rain is on the way. Im brian thomas good to have you with us today you. President donald trump has signed an executive order ending hong kongs special trading privileges he also announced sanctions against officials and banks involved in beijings crackdown on human rights in the territory china has condemned the move and says it will impose sanctions and turn on u. S. Citizens well go live to beijing after this and
Think they were already in a tough place, particularly u. S. Banks. It is likely, as this progresses, the chinese will put more pressure on them, the u. S. Will have to put more pressure on them. They are going to have to take sides. Yesterday a guest walked the overlyot sounding enthusiastic about the decisions he had to make. It is really going to be tough. The chinese will pile pressure on. Tom maybe we will see that pressure today. We have our people in hong kong watching the story. Also in beijing, karen leigh scheduled to be with us throughout the money. In new york city, here is ritika gupta. Ritika President Trump is due to punish china because of the national the sweeping national law. He finds legislation would chinese that sanction chinese officials responsible for cracking down on political dissent in the city. Beijing told the u. S. To quit interfering in chinese affairs. Heres a very hong kong brain train are increasing, china moving to tax its citizens global income. The
Allelectric suv this is Worldwide Exchange here on cnbc a very good morning. Good afternoon and good evening welcome to wherever in the world you may be watching. It is a good wednesday we have some very good news on the health front that has futures higher and should bring a little smile to everybody today. Moderna shares are up about 30 in the premarket. The company saying the vaccine is producing a robust immune response in early staged human trial with no adverse affects. Look at the stock. It is early. It is a long way to go this is good news whether you own stocks or not. Speaking of stocks, shares of reopened stocks are also surging on this news, royal caribbean, carnival and united are all sharply higher a vaccine a ways off and will take a long time to distribute changes the game for everybody, it is the news, maybe the only news the light at the end of the tunnel is getting a little closer the green carries over to europe on the vaccine hopes. Growing riffs between United Sta
Has slapped on apple that on behalf of ireland but will the tech giant have to pay out dublin doesnt even want the money. Plus flooding in bangladesh forcing more than a 1000000 people from their homes about a 3rd of that country is now under water after some of the heaviest monsoon rains in decades and rivers are set to rise even further. Plus banksy goes underground the london tube this is latest canvas and durfy the rats are spreading his message about how to contain the coronavirus. Im brian thomas good to have you with us for the program today u. S. President trump has signed an executive order ending Hong Kong Special trading privileges he also announced sanctions against officials in banks involved in beijings crackdown on human rights there china has condemned the move and says it will retaliate with sanctions on u. S. Citizens. In other escalation of tensions between the u. S. And china trump took actions against china in retaliation for its recent moves on hong kong he author
President confronts china donald trump strips Hong Kong Office of special trading Status Holding china accountable for its clampdown on human rights to. South africa reopens its schools despite a rise in cases of 1920 schools lack basic facilities will they become breeding grounds for the coronavirus. Plus flooding in Bangladesh Forces more than a 1000000 people from their homes a further of the country is under water after some of the heaviest monsoon rains in decades and rivers are said to rise even further. Welcome to the program we begin with breaking news the Irish Government and apple have won their appeal against a 26 the e. U. Decision that sat apple had to pay the i was government 13000000000 euros in back taxes money that ireland didnt even want so ill instruct the case to you have so. Dublin has long denied that its tax arrangements with apple about so illegal state Aid European Commission is expected to appeal the ruling to the European Court of justice. Earlier this year t