Your Business Report im Stephen Beard simper len thanks for joining us hong kongs airport was due to reopen early Tuesday Morning after being closed all day monday as thousands of protesters occupied the main terminal the closure forced the cancellation of more than 150 flights causing serious disruptions one of asias most important transportation hubs and marking an escalation of protests that were previously limits limited to the citys neighborhoods investors around the world took notice monday with indexes falling on the spreading political turmoil and fears china can respond harshly. And lets go now to our financial correspondent in new york jose luis to haro who is a nice to see as always so is a as we said this Political Uncertainty spreading to markets as well what are you seeing there on wall street. I think that right now stephen investors here in wall street are fearing an escalation of banzai which could trigger a financial shock worldwide over what some coal some kind of bl
I. M. F. To eliminate unfair competitive advantage thats been created by chinas action. This is according to Treasury Department statement. Remember, the last time that the Treasury Department had a policy report on the Foreign Exchanges, it was back in may and they stopped short of labeling china a currency manipulater. They havent done that since 1994. And the fact remains that there is a 2015 trade facilitation and trade enforcement act and china really does not tick all of the three different criteria. We are talking about minimum 20 billion trade surplus with the u. S. China does tick. But were not talking about repeated interventions in the currency markets or current accounts in excess of 3 of g. D. P. The fact that the Treasury Department went ahead with labeling currency ma china a currency manipulater will have to wait to see on what basis that has been done. There are analysts who have said there could be a currency manipulater designation through the older, 1988 omnibus tra
Correspondent in new york jose luis to haro who is a nice to see as always so is a as we said this Political Uncertainty spreading to markets as well what are you seeing there on wall street. As it is it right now is stephen investors here in wall street are fearing an escalation of the bands which could trigger a financial shock a worldwide over what some coal some kind of black swan we already have trade tensions between the us and china going on which it seems to continue to escalate the situation is taking a toll on and Global Economy on top of more recently did trade war appears to be evolving into some kind of currency war and now the im going protests in hong kong new geopolitical risk to be run eataly argentina which it feels a. Particular case rhetoric from beijing claiming that their 1st signs of terrorism are starting to appear. Markets and investors are still anxious that the situation is not getting any better while stocks ended region and to its 10th straight day of decli
In forming. Ironically, Operation Crossfire Hurricanrole Ie and perpetuating the russia hoax and the hoax that john durhamhoax. Said he te never should have existed. Let me put it simply, the guy that was out there accusing President Trump of colluding sident twith russia, he was thee that was actually colluding with russia. Dont worry y. He will be the next hero guest c on most dnc and fake news. Cnnnn but mechanical . Well, he wasnt alone. And we begin tonight with this, a simple truth and a sad reality. The United States oftes of America Today does not have equal justic ae under the law. It does not have equal application of our laws. We have a dual Justice System. We do have a doj that has been politicized and it has been weaponized in ways thisen countrys never seen before. Some examples. Bens look at Hillary Clinto and her 2016 campaign. You know, paying an ex foreign r spy, christopher steele, a tonis of money to put together campaig Campaign Op Research that was filled with rus
Us this morning i hope you are having a good morning. Im Maria Bartiromo friday, august 18, 8 00 a. M. On the east coast hot topic of the hour President Biden is hosting januarys Prime Minister south korea president today for first leader summit at camp david all about china importants aggression expected to dominate the conversation a fox poll finds 55 americans disproovr of bidens Job Performance on Foreign Policy, 41 say they prove that poll find Foreign Policy ranks last in a list of issues on voters minds of their priorities, with 2 saying it is most important one facing the country right now joining me for hot topics Frances Newton stacy, and daniel garza, it is interesting to me that Foreign Policy ranks so low in terms of importance on polls your reaction. It should not that is disappointing, especially when you consider, that china embedded cog in Global Economy i understand they take up 20 of the worlds economy, russia, 2 in comparison, they dont play by the rules. They are a