A tribute to its Health Care Workers president mccrone will be laying out his plans to overcome the pandemic and shutdowns and a televised address later today. Plus in peru its out of work and out of options the virus leaves the poorest of the poor struggling just to put food on the table. Our brian todd was great to have you with us today californias governor is ordering thousands of businesses to shut down after briefly reopening they include restaurants bars and places of worship across americas most populous state the decision comes amidst a new surge in reported cases across a number of u. S. States large metro areas in california including los angeles and san fran. Sysco are among those affected. Back to square one california shuts down most of its public life for the 2nd time back in march it was the 1st us state to impose a strict stay at home order even closing down its beaches parks and campsites but now that more is known about how the virus is transmitted the state has shif
Forth the mandatory measure. Sh in hopes ofa anything returning to normal soon. European court s struck down a datasharing deal between the United States and eu. They could have huge consequences for the worlds biggest tech firms. The European Court of justice ruled on a complaint by an austrian privacy activist against facebook. It says the protections on personal data in the United States are not high enough to meet european standards. Furtrthermore,e, we brining in r business editor, stephen carroll. What are the consequences of this decision . Stephen it is struck down and called privacy shield, an agreement between the United States and european union, currently used by over 5000 tech companies, Car Companies in many different sectors. In most cases, it involves those companies being able to take stores in theo United States. It is not guaranteed the same level of Data Protection as it does under eu rules, and that is why it was ruled invalid. The judge appointed to surveillance s
Debts are about 700,000. The Trump Administration dabs up its attack on chinese tech. Mike pompeo wants to cut ties well beyond just a campaign against tiktok. Alert on start with an the bloomberg. South korea announcing its surplus widening to 6. 88 billion. This is a recovery from the 2 billion level we saw in the previous month and recovery after logging a deficit in april. When it comes to the trade surplus, widening to 5. 867 billion. We have seen south korean exports slump, slowing in july. We are seeing an economic recovery in china and demand for semiconductors. Lets turn to Sophie Kamaruddin in hong kong for a check of the markets. What should we be watching out for in south korea today . Sophie we have more data coming out. Tourism revenue falling for a fifth consecutive month so the focus will be on the consumer sector. Of o have the likes reporting earnings. Consumer sentiment has rebounded for a third month in south korea and online spending will continue to be key as the
Proposals put out to expand Rural Broadband, especially in this time of covid. Which ones are you supporting and which ones do you think would benefit your largely rural district . Guest thank you for having me on. Its important we talk about Rural Broadband. I have been engaged in this for years and one of the cofounders of the caucus and also have groups meeting all the time because this is not a republican or democrat or independent issue but this affects everyone in the rural area and its important to get this out as soon as we cant because during this, 19 you will see the effects and what can be done when they have the broadband of our rural areas. Everything from telehealth and i talked to so many doctors that they have telehealth but again if you dont have the access and a problem so that is one of the first things on the telehealth side and we have educational side here in the state of ohio where they share closing schools and say we have the kids doing it remotely from home an
Andrew ross sorkin with joe kernen becky is off again today a little in the red. The treasury yields and earnings that may have an impact on all of this. The 10year note, we are now below. 6 we are down to. 592 we can debate what that means for today. Discussing Market Recovery and earnings Kansas City Southern and United Airlines ceo and health and Human Services secretary you want to stay tuned to squauchl the nasdaq down pretty significantly. It was up two or three hundred. It was up and did you know and up and down. It was really crazy. You heard cramer talking about that it was truly crazy. Insanity. The didnt hold on to the big gains. I think it was down almost 300 when cooperating on that at the end of the day, well see. I heard it said, well, you gave him an out he could have been resting on his laurels by now saying i would at least nuance it so i could claim to have been right if we had extended here. Doesnt it feel extended here. If i were paulson. Fur trying to be right all