Well thanks very much for being with us here on to the point to my guests here in the studio on who is a freelance journalist from china and she argues that cold war is an american a narrative in the current tensions of the expression of a dysfunctional world order also with us is my right back who is with the asia program of the German Marshall Fund she believes that transcend once a cooperation on china is key and for it to work both sides of the atlantic need to adjust their china strategy and a very well malcolm to sit down hamilton from Johns Hopkins university an academic and former diplomat to down thinks the competition isnt china versus america its all for its hereon isnt versus democracy. Thank you for being here with me today id like to begin with you mike a in your latest book event you have written together with Clive Hamilton the schools the hidden hand how the Chinese Communist party is reshaping the world so my 1st question is tell us how is it doing so so the main argu
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Bangar what they see as political bias protests in the democratic republic of congo over the appointment of a new Electoral Commission change. And washingtons n. F. L. Team drops the redskins name and logo off to criticism or offensive to native americans. So then a strategic stretch of water is a new source of tensions between the u. S. And china u. S. Extra state might pump poses that beijings claims to the South China Sea are completely unlawful and it will not be allowed to treat it as its maritime empire its rich in oil and gas and fishing resources and china is Building Military bases on several assholes the 5 Southeast Asian nations also claim parts of the sea and last week the us navy held military exercises. Take a close look at it you can see that china claims about 90 percent of the South China Sea including going to ship the Spratly Islands and thats disputed by the philippines and vietnam and others discover a reef thats claimed by china and the philippines and that partic
Fed president Robert Kaplan this hour. President trump orders chinese to shutdeo app tiktok down in the u. S. Next month unless there is a deal with microsoft or another leading american company. Breaking news out of south korea. The cpi numbers for the month of july year on year, a growth of 0. 3 . This is of course after inflation remains flat for the previous month year on year. We have seen somewhat muted demand. Perhaps weighing on the month on month numbers. We are seeing inflation at zero growth. This really missing expectations that prices would rise 0. 1 if also inflation is decelerating from the previous month of june. Core cpi take out oil prices, and you get a rise of 0. 7 , in line with estimates, and slight acceleration from the previous month. We have seen brent crude prices recover somewhat from aprils slump but still down 38 year on year also. The are also expecting tokyo Inflation Numbers within the hour so take a look at what japanese futures are doing at the moment.
Expected to drop 24 year on year. The futures are looking slightly lower, down four points. We are looking at some of the currencies. As david would say in the last hour, the bloomberg dollar index is on track for its worst july in a decade. A more dovish start from the fomc. No big surprises from the fed, but the lower mantra weighing on the dollar. The dollar index is flat, at least for now. Wellussie in his flat as aussieyen is flat as well. We move on to the commodities and the yield story. The question marks around oil were in focus as well towards the end of play yesterday. You saw a reduction in the u. S. By about 10 billion barrels. That gave some support to crude prices and wti, currently flat. Gold is now 5 10 of 1 . The 10 your yield on year, still below 60 basis points. 57 is barely moved, risch. Rishaad yep. Global coronavirus case is approaching 17 million. More than 660,000 people have died now. The states recording 150,000 fatalities. California, florida, and texas post