A bad case of fear of missing out on the rally welsh as a touching 4 week highs investors betting on a revival in china less fussed about hong kongs economic woes and a sweeping National Security law. Hong kong is struggling to clean up the economic mess caused by coronavirus and months of protests the new security law bans socalled subversion and foreign intervention in the city its rattled nerves in the territory which was already on edge. Critics including the u. S. Fear the law undermines hong kong status as a free wheeling capitalist haven the u. S. Is introducing sanctions and it wants beijing to back down we hope that beijing would simply have the confidence to let one country 2 systems work and to let hong kong be hong kong this is simply a question of honoring an agreement that was already made and that worked very well for many years. Weary from months of protests and uncertainty and bester is hoped the new law will at least bring clarity behind saying index close nearly 4 pe
Im wilfred frost. Very good morning to you have me as well. Lets get straight to the Global Market action. Yesterday we saw the Third Straight day of declines for the dow. Just barely. Exactly right. You completed my sentence before i could. Down just a fraction. Nasdaq closed positive, right . Nasdaq slightly positive for its fourth positive day in a row, albeit similarly four p slight positive days. 7 out of 1 1 sectors were negative. The most notable decliner was financials. The bank stocks down over 1 . A poor day for them. A large part of that was what was happening in the yield curve. Tenyear treasury note. The yield curve slipped across the board. It wasnt that it just flattened. The tenyear note hit a low of 2. 46. At 2. 48 at the moment. That was a low not seen since about the last three, four weeks. Japan, remember, was closed on monday. It did open tuesday. Declining about 0. 3 . Hong kong and shanghai remain strong. The hong kong stock market, the hang seng is actually at t
Stick. Thats three feet deep. Another brutal wirntd blast buries the heartland. Wreaking havoc up into the plains states. Hurricaneforce winds brought travel to a halt. The second powerful winter storm in a week continues to dump snow and knock out power. It may be worse than the last one. Congress has until friday to hammer out an agreement to avoid the socalled sequester, a series of sweeping federal spending cuts. It looks like we cant defend america, our allies are going to be uncertain and our enemies are going to be on steroids. Hundreds of thousands of americans will lose access to prime care and Preventive Care like flu vaccinations. [ beep ] an explosion rocks a hot air balloon in egypt a couple disappears in peru. Back in december. Family members fear the couple has been kidnapped. I just want somebody to find my sister. The dow posting its worse loss of 2013 on worries that italy could spark another debt crisis. Free speech of speech. In america you have a right to be stupid
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