Have relations between the u. S. And china salad to the point of no return chinese leaders threatening retaliation for the closure of its consulate in texas from trade to security and human rights will the superpowers find room for compromise this is inside story. Hello and welcome to the program on iran come on its being described by some as a new cold war relations between the us and china unraveling quickly in the latest spat chinese diplomats have been given 72 hours to shut down the consulate in Houston Texas President Donald Trump accuses them of spying and stealing intellectual property Chinas Foreign Ministry is threatening retaliation for what it calls malicious londa roselyn jordan has more. Its a scene straight out of a spy film employees at the chinese consulate in houston burned documents before theyre forced to leave the u. S. On friday the expulsion of the 60 diplomats and their families is just the latest step taken by the u. S. Against a country it considers a National
Testing. The dax is the worst performer in europe after germany suffers an outbreak at a slaughter house and forced to put two districts back on lockdown Strong Demand for tablets and notebooks. This drives the demand for notebooks, chrome books, head phones for more professional use from home and even printers. That trend we see to continue. Wire card shares gain after former ceo is released on bail and germanys financial regulator widen the probe on the firm good morning thanks for joining us. I want to take you first up to the data just revealing that german business morale has risen in the month of june. The Climate Index in june is at 86 86. 2 versus 85 so outperforming expectations. We were at 74. 2 in april 75. 9 in may. We were still below the 80 today, we have soared above it to this 82. 2 level the efo Current Conditions index 81. 3 in june forecasts were firmer at 84. That handle is underperforming in terms of the expectations, 94. 4 versus 87 in june as the business Climate
Major breakthrough in treating the coronavirus, a steroid that could cut deaths significantly among the sickest patients jay powell assuring the market is willing and able to backstop the economy. And finally, fiscal stimulus reports the white house is preparing a trillion dollar infrastructure package for everything from roads and bridges to 5g network. So, were these the three things the market needed to hit it big today . The three horsemen. Hi, mel. Hi, guy how are you well, i mean, they definitely helped, and im looking forward to Jerome Powells testimony tomorrow when somebody asks him what his favorite hardhitting question, what his favorite color is thats always riveting to me its all about the fed i think we all agree with that their commentary has been nothing short of astonishing the infrastructure supposed infrastructure bill, obviously, caught everybodys attention im hard pressed to believe that will get through this year given the divide we have, politically. The covid ne
Hold on. This is a tease. Stealing the thunder already this thats right, we are going to talk about this in just a moment anybody still on radio has to wait a second. Take a look at the futures this hour dow futures down about 170, s p off by 2 and nasdaq down by 81. Yesterday, nasdaq down about 1 . Crude oil prices, lets check that quickly we had been watching that contract build up. The july contract build up to just over 34 yesterday. Lets call it even at 32. Then there is the treasury market weve been watching youll see the 10year note has been yielding 0. 64 . A little pressure there too. Take away. With that tease, it feems like months now, weve had really big guests and corporations a big interview at 8 00 a. M. Eastern. Well talk all things economy with former Vice President joe biden about the pandemic, the race for the white house and so much more. Well do that at 8 00 a. M. Live with him a big interview to look forward to on this friday. Tgif i know all the days roll togethe
The countrys citizens could be infected. But that was months you have to understand that the virus is there in the population have no immunity yet to this virus there are no vaccine. That a High Percentage experts say 60 to 70 percent of the population will be infected as long as this situation continues germany has had more than 1500. 00 cases so far with 3 deaths in italy which is the most cases so far outside of china Prime Minister just. Said while more restrictive measures are a possibility the freedom of a crucial. Our primary objective and we all share this objective is to protect the health of this. Because comparing this to the other constitutional matters that are at stake here this one is certainly the priority but lets keep in mind other interests for example when we issue restrictive measures they impact the lives of people we need to be aware that there are. Liberties social rights could be impacted we need to keep in mind that there will be the freedom of enterprise suff