South koreas military earlier said the man went missing from a vessel near yeonpyeong island on monday, a day before he was spotted floating in the north waters of the yellow sea. They shot the man dead and burned his body. Officials said the north explained its troops fired more than ten shots as the man was trying to flee. The north also reportedly said its personnel didntt finthe mans body but burned the flotation material he used in accordance with covid19 guidelines. The north also said it would do its utmost to prevent something similar from happening again, to avoid damaging relations between pyongyang and seoul. For more insight we spoke to a doctor in seoul, a Research Fellow at the institute for north korean studies. From the standpoint of north korea, it must have realized that making the excuse that he was, and that he was for prevention of covid19 outbreak would not satisfy angry south korean public,c, so it needs to express at least a minimum amountnt of sincere apology a
China, the u. S. Rejecting chinas claims to the South China Sea. China than sanctioning u. S. Officials like ted cruz and marco rubio. U. S. Futures are pointing higher. We are also looking at what is going on with the virus as well as states like california reversing its reopening plans. U. S. Tenyear year, bonds up. U. S. Tenyear. We saw the dollar gaining a bit of steam against the yen, but seems like we are reversing some of that. Lets look at the boards and watch were Chinese Markets are going to see any reaction to the trade figures. We saw a bit of a pause in the risk rally when it comes to mainland equities, after we are seeing equities inching toward that 10 trillion milestone. Flip the boards and see what is going on there. Smallcap, those rose to follow five year highs. We have basically been flat the last 30 minutes of trade. Shenzhen stocks have been on fire. Hang seng down 184 points right now. Also with the city introducing the toughest virus measures since the pandemic
News from california yesterday and have been. ,olatility is a little elevated and we have got a really negative u. K. Two year yield. We were below japan a little bit early on. Slightly better retail numbers, but i have to say a bleak forecast coming out of the obra. Even the medium one i do not think it was positive. What are we going to be talking about . We will be talking commodities. We will chat oil and a little bit of copper and gold. Francisco blanch will be joining us a little bit on a little bit later on, and he is the head of the Global Commodities research at the bank of america. His dash cam weighing in on those commodities commodities. Fargo, citibank and jp morgan with jp morgan the outperform or. What stood out to you. It was something that one of our guests said earlier, validating the thesis that the strong get stronger, banks like jp morgan can use their skill to build up the dominance. In terms of how the shares are performing it is a mix. Jp morgan all the loan gai
The u. K. Does a uturn and bans huawei the u. K. Does a uturn and bans huawei from its 5g network. Shery breaking news out of south korea. We are getting the Unemployment Rate for the month of june coming in at 4. 3 . Now, this is lower than the estimate of 4. 5 . The Unemployment Rate falling from the previous month. We have seen a little bit of strength in the south korean economy with more positivity coming from that ramp up in government job creation efforts. Still, we have those negative effects from the pandemic with the hardhit hospitality and Retail Sectors continuing to reel. South korea losing jobs. Those removed in june from a year earlier. Still, the Unemployment Rate falling to 4. 3 . Lets get a quick check on how markets are trading at the moment. U. S. Futures rallying. We have after the market closed more positive news when it comes to the vaccine front from motor and a. In the regular session, we saw u. S. Stocks posting their biggest gains in more than a week. 7 . Thi
Unstable conditions brought record rainfall to the prefececture on tuesday. The river overflowed its banks late tuesday and early wednesday. The a agency and the land mininy are calling o on residents to exercise maximum cauaution a an stay up too datee on lococal evacuation information. The risk of flooding is extremely high in other places along the river where water levels may stillll be rising. If flooding has already begun, people are advised to seek shelter in sturdy buildings nearby or on the upper floors of their home. Unstable conditions are forecast for wide areas of the country on wednesday. Eastern japan and northern kyushu could see localizeded downpours. The Meteorological Agency is urging people to stay on the alert for mud slides, landslides, and gusting winds. The coronavirus continues to spread a across japan. Nearly 1,000 cases were reported on tuesdsday with several prefectures reporting new daily records. Translator weve confirmed 155 infections. The number shows t