100000 mark amid criticism that the Trump Administration could have acted earlier and saved thousands of lives. Hello im terry martin welcome to the Program China has taken another step to increase its control over hong kong and to quell public protests in an overwhelming vote of approval beijings National Peoples Congress Passed a plan giving the Chinese Government the power to begin imposing new restrictions on hong kong the controversial security law will bypass the territorys own ruling legislature prodemocracy advocates say the law by lates the freedoms promised under Hong Kong Special one country 2 systems stoppers. Was cross over to beijing now work correspondent standing by what will beijings new National Security law mean for hong kongs future. I spoke to several activists from the prodemocracy movement in hong kong and for them thank. You so afraid the line to beijing is has been compromised sorry fabio hoping maybe well bring him back in the program a little later that would
Lets check the markets. The europe 600 on a tear. Higher because of expectations of tax reform in the u. S. And what that can do not only to the dollar but to the world economy. It could make the spirits of the u. S. Move up a touch. Lunch in brussels. Will they are will they not . To severalspeak groups interested in brexit. Lets get to the first world news. Sebastian in the u. S. A Senate Investigation of the russian meddling in the trump case a instruction of justice case is coming. This is from Dianne Feinstein after Michael Flynn pleaded guilty to line to the fbi. I think we are beginning to see the putting together of a case of objection the case of obstruction of justice. I think we see this in the indictment please that take place in some of the comments being a. I see it in the hyper frenetic attitude of the white house, the comments, the continual suites. U. S. House republicans are drafting a contempt of Congress Resolution against members of the fbi. They claim that the rem
That we saw yesterday, increasing concerns about whether or not the fed is going to raise rates in june. Does the fed threat then rally . I dont think. So im not going to speculate on when theyre going to raise rates. The bottom line is you know theyre going to raise rates. It could be june or september, next year. What the real important question is what are you doing in the fixed income market if the feds raise rates you . Know theyre going to go up. Its just a matter of time. And i get very, very concerned about the 3. 5 trillion that is sitting in fixed income mutual funds as i look forward into a higher rate environment. They could be potentially at risk. Talk to me about stocks. Do you do anything differently with your stock portfolio . No, not at all. If you look at the market, i think the market is in great shape here. Reminds me of 1982 to 2000 market where it was up each and every year. Except for 1990 when down. 5 . One thing that you have to look at this market is theres no
Session highs. Julie moving north but not much north. Not much change in the overall averages. It is indeed a better than it was earlier. It is an individual stock story today. I wanted to look at some of the biggest pushes and pulls that we are seeing. First of all, the stocks that are helping the s p 500. Jpmorgan rising for the second day, bank of America Rising despite the fact that earnings missed estimates as the company cut more expenses. Is sounds like the ceo willing to cut more costs in order to preserve profits. That appears to be what is driving shares higher. Exxon mobil is doing well and citigroup is out tomorrow and is also higher. On the downside today, we do have ca coming out with preliminary earnings. By 19 hares are plunging and it looks like we have a typo on the last one but intel is declining. They said they are not optimistic about the earnings there and i take it we have breaking news . Alix yes, for microsoft. The company is seeking to avoid a lot that enables