Virus. Welcome to the show in the last few minutes u. S. President donald trump has left the hospital where he was being treated at for 19 was seen walking out of the Walter Reed Medical Center in maryland where hes been treated since friday and was driven into a waiting helicopter for the short flight of back to the white house the president had earlier tweeted that hell be quote back on the campaign trail soon. Well straight to washington then and our correspondent Stephanie Simons who is standing by for us just on a before leaving hospital a trumpet tweeted dont be afraid of cove ed dont let it dominate your life but this is a disease that has killed over 210000 people in the u. S. And impacted countless others from where you are how exactly is the virus affecting day to day life. From where i am every day between 800 or 700000 americans die from where i am thousands are out of work a 1000000 out of work 60000 people lost work just in the other few days 34 days ago airlines are shut
President ial debates on American History tv on cspan3. The Senate Judiciary subcommittee on intellectual property held a hearing on u. S. Copy right law and the 1998 copy right act which says when hosts must remove pirated content. This hearing will come to order turn your microphone. This hearing will come to order. While im disappointed we cant be together in person today, im grateful to chairman graham and Ranking Member feinstein and our clerk for facilitating todays hearing through webex. I want to make clear that this hearing is no way distracting from the full committee and my personal work on other pressing issues facing our nation. Congress must address issues of Police Brutality and the horrific circumstances that led to the murder of george floyd and the senseless deaths of so many of our africanamerican brothers and sisters. Thats why im grateful to chairman graham and Ranking Member feinstein for agreeing to hold a full Committee Hearing on policing in america and i will
The Trump Administration overstepped its authority. Ntt reportedly planned to take its wireless carrier unit private. At buyout could be valued 38 billion. At thebreaking news moment. We are getting Industrial Production numbers for south korea. Year on year, it should be for the month of august, a decline of 3 , matching expectations, and bigger declines than the previous month. We continue to see some weakness year on year. Industrial production numbers have been in contraction for five consecutive months. When it comes to the previous month numbers, they have been revised slightly upwards but not by much. Month on month, a contraction of 0. 7 which is a contraction instead of just coming in flat as expected so that is disappointing numbers. Perhaps we could see some better numbers later in the year. We do have trade numbers for the month of september. We are expecting it to come up on thursday and exports are likely to see an annual gain in september so lets watch out for those numb
3 . 5. 6 , but improvement from the previous ask. Haslinda it does look like china continues to Gain Momentum in terms of recovery. Lets look at where we are in terms of market reaction. Just. 1 . Underperformed after its biggest rally in more than 5. 5 years. Up. 2 . Pretty muted. Belowe been dragging this 6. 8, a strengthening that we saw onshore and offshore. Jp morgan is seeing gains. The 10 year yields. Take a look. Study right now. 313 after that fresh quiddity injection. Yvonne lets break down these numbers with the head of macro resource. Chinasensus about economic recovery and renminbi since april. What is your take on these numbers . I think the number basically confirms that the Economic Activities are normalizing, especially on the consumption front. We see from highfrequency data that retail sales, etc. That were hit during covid19 are slowly coming back. Upside for september data. Also, from the production side, recovery from earlier in the year. There are three things Go
Sell off until they realize they cant keep paying for things like snow flake because when they have to sell Something Else i think is why we have another bad day. Dow dropped 245, s p fell and nasdaq lost 1. 70 . It bounced from the lowest percent. Once again, were reminded the stock market is first and foremost a market. And markets are government earned by supply and demand. Right now the supply of new stock is overwhelming demand so the whole market just gets hammered until you trade for a living, you might now understand how this works the software a video game plan and they dont have spare cash lying around, what do they do . How do they get that piece easy they sell. They sell the stock and companies that dont understand it anyway. If you have a stock on the deal and you flip it, well, thats free money free big profits and you got to take free money when wall street is giving it to you. Take public at 52 if you got some at 52 in the deal it scored to 75 where you can cchaching. S