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
They hit the take and have full analyst with panel. We have the latest on the deadlock coming up. Turning to markets this morning, futures under pressure ahead of july jobs report. Take a look. We are expecting a decline right out of the gate on dow industrials, nasdaq down 55, s p down 17 after markets ended yesterday near session highs, in fact, nasdaq scoring a fourth record close in a row. Dow industrials up 185 points yesterday and nasdaq 110 and s p up 21 at 4 00 oclock on wall street. Unrest in america, portland plagued by violence and fires overnight. Federal agents headed to two more cities as part of operation legend. Mornings with maria is live right now. Global markets this morning under selling pressure. Take a look at up european indices, dax index in germany lower by 28. Germany showing some signs of recovery, 8. 9 in the month of june. In asia overnight markets were mostly lower following President Trumps executive orders. Shanghai composite down 1 , hang seng and hong
They have a plan to remake america, im going to go in depth with the fascinating story of one familys efforts to escape socialism. Its a cautionary tale for your family. All that and so much more on making money. Charles one hour to go before the closing bell. It looks like it is a story thats interesting because before the open, it looked like it was going to be a down day for the market, right . The tenyear yield was breaking down bigtime. Anxieties about a slowing economy of course were being talked up. The coronavirus cases continue to mount up. Drug Company Gilead reported more success with its covid19 treatment remdesivir that immediately turned things around. Potential vaccines. Even with cases rising each day, elected officials making judgments, i think the factor has not factored in the notion that the states will ever go back to fully locking down. It looks like the market sees two choices, treatment or vaccine or over time herd immunity. Thats keeping a floor under this mark
Seemingly inknockous app as the latest threat to americas security. Speaking of bans, when apple ejected a small email service app a couple of weeks ago, the man behind that app launched a david versus goliath battle with the Silicon Valley behemoth and lived to tell. The co founder and ceo of an email parent base camp is here in a fox business exclusive in why this fight with apple may be far from over. Markets looking to close out their second straight week propelled by a major positive development on the vaccine front. The dow popping back above 26,000. And right now were slightly below it at the moment, but were still up 273 points. The s p up 21. And the nasdaq is heading for its third record close in a row, but the high spirits could change come next week if Second Quarter earnings season gets hit with the ugly stick. A stop economist is here to tell us how a top economist is here to tell us how it is going to play out and you can avoid getting bruised. A massive storm is bearing
Vaporized. We are at 9529 for that. The selloff comes as President Trump is minutes away from arriving in dallas, texas. Now, once he lands, hes going to head to a 4 00 p. M. Roundtable with faith leaders and police to discuss issues from racial inequality to Police Brutality. The Dallas Mavericks Basketball Team just held their own discussions with local police and current and former nba stars, including shawn marion. How has the nba team managed to strike the right tone . The ceo of mark cubans team is here to tell you. Shes here in a fox business exclusive on making the business of basketball both diverse and inclusive and of course we will ask her about the upcoming restart of the nba season next month. If you have to pick the underpin of all innovation today, you would have to say its a teeny tiny square of silicon with transistors on it. No wonder team trump is looking to lure foreign microchip companies away from china into the United States. The state departments point man is h