National security and tiktok says it is pure politics. And the official nomination of President Trump at the republican convention. He says his opponents want to steal the election. Haidi we have again u. S. ,arkets with fresh record highs a little relief given expectations of the fasttrack process when it comes to vaccines and therapeutics as well. The s p 500 notching another alltime high, there is optimism the virus will not hamper growth. We are seeing a muted session on it comes to the futures sessions, flat at the moment. Little negative when it comes to the start of trading in asia. The nikkei to do five trading in chicago seeing downside about 1 10 of 1 . Dollaryen holding. The biggest declines in the g10 space was the kiwi and looney. We are also watching the price of crude as we have twin storms approaching. 80 of refinery output in the gulf of mexico has been halted, potentially seeing some impact when it comes to crude prices, which did rise, gasoline hitting the five month
Protesters against the disputed president ial election result in Bennett Bruce refused to back down despite another police crackdown. And argentina and mexico proclaim and an unmarked deal to produce a Coronavirus Vaccine for the whole of latin america. And im we are hearty and doha with sports well tell you whos the latest club to make footballs the European Champions League semifinals as we look ahead to a mouthwatering match up lee up lionel messi is in barcelona against fellow 5 time champions at bury munich. In a surprise announcement israel in the United Arab Emirates have struck a deal to normalize relations the move which u. S. President trump helped to broker only 2 full diplomatic contacts between the 2 the agreement agree its a hoax to israels plans to annex areas of the west bank which were part of the white house proposal announced earlier this year Benjamin Netanyahu says annexation is still on the table is the 1st time israel has normalized relations with an arab country
Geostrategic challenge with the rise of china poses for the United States, not just today but in the future. The communist party led people were public of china through unfair trade practices, intellectual property theft, market manipulation and very prominently, in my view, nonreciprocal treatment, not just in the economic round but in many realms i has been a fore in the Global Economy that undercuts the resiliency and strength of the u. S. Economy. China has been one of the worlds fastestgrowing economies averaging close to 10 growth from 19792015. In 2014 china overtook the United States ass the Worlds Largest economy purchasing power parity basis according to the International Monetary fund. I believe that there is a strong eipartisan interest hopefully we will see that today in establishing a longterm economic United States strategy with our allies that focuses on reciprocity, intellectual property theft, and ultimately, from the United States perspective out competing the chines
Conscience that my enthusiasm for some companies is completely infectious buy buy buy buy buy buy people want to own stocks and they want to open the stocks in the worst way. [ booing ] so when the market dips 80 points, i want to talk about the worst way. [ booing ] because i see that happening way too off and we have to stop it this market has had a spectacular run and that should make you more, not less cautious i dont know where the top will be, but i do know were a lot closer to the top than we were in march or april when it felt like the sky was falling before i get started, i want to thank twitter. Yes, twitter, for exposing me to the worst ways of buy, trading, and owning stocks. Were all stuck in our own little world right now we had a call for members of the action alerts plus club this afternoon where i answered questions. Most of the club members are people who like the stocks we own for the charitable trust, the household names. Look out, theyll buy anything and i mean som
Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panel of Witnesses Today is the economic and security subcommittee. He focuses on the very important topic that i think has a lot of bipartisan interest in. And that is the economic and geostrategic challenge that the rise of china poses for the United States. Much as today, but in the future. China, communist party, Peoples Republic Party of china. Unfair trade practices, intellectual property theft and market manipulation and very prominently in my view, m nonreciprocal treatment. Not just an economic room but in many realms. It has been a force in the Global Economy that undercuts the resiliency and strength of the u. S. Economy. China has been one of the worlds Fastest Growing economies. Averaging close to 10 percent growth from 1979 to 2016. In 2014, china was the Worlds Largest economy and nursing power bases according to the international monetary. I believe there is a strong bipartisan