Saying the u. S. Is winning the trade war with china, but the u. S. Deficit is set to balloon. Toeing Warns Companies to the line if they want access to the mainland economy. Get you started with a quick check of how markets closed the window session. Stocks were higher. They pared back some earlier gains. The s p 500 ended. 8 higher with every sector on the s p 500 and the green. Retailers were also hired. Today, we saw the bloomberg retail index at a threeweek high as we saw some positive s and target, lowe not to mention we saw that rally after we saw home depots stronger second half. That theyes signaling were ready to ease but not really hinting that this july rate cut was the start of an easing cycle, so twoyear treasury yields rallied. Treasury yields unchanged at the moment, so lets see where we are starting out the asian session. Sophie we are setting up for potentially positive gains with more earnings on tap for the region as well. We have a new zealands report card to consi
Brian sullivan is reporting live for us from hong kong today. He will join us in a few moments. Behind me you can see the dows action from yesterday shedding more than 800 points for its fourth worst point drop on record, closing down by 3 or so after yesterdays historic move, here is how your money and the Global Markets are setting their day up today stock futures indicating the dow will open higher some stability brought to the markets. Interest rates are a huge part of that market story the dow jones up by 136 points we lost 0800 yesterday. Yesterday we saw the socalled inversion of the yield curve the twoyear treasury note and the tenyear treasury note yields, this means shortterm bond rates are now paying more than longterm bonds, historically this is considered a possible recession warning sign and new overnight, the yield on the 30year treasury, the long bond in the United States, dropped below 2 for the first time ever. You can see right now currently 2. 016 that move lower, a
Billion of e. U. Products. Hong kong protest take a violent turn. The government commends vandalism. News out ofing south korea. We are getting Consumer Prices for the month of june year on 0. 7 . Ricing this is as much as it rose back in the month of may but also slightly disappointing yeartations of a 0. 8 rise on year. Month on month, it contracted zero point 2 , which is a bigger contraction as expected for the month of june. We have seen a lot of pressure for Consumer Prices. We are talking about lower oil prices. Brent crude prices down 20 on average in the month of june compared to one year earlier. Not to mention the domestic demand in south korea is pretty weak at the moment. The bank of koreas signal we will probably miss the forecast of 1. 1 inflation in 2019. Pretty far away from the 2 inflation target for the bank of korea. We can see proof that inflation and theions are low inflationary pressures are low. Gaining onlyr cpi 0. 7 , missing expectations. s ctia gaining only
Competitions now underway at the beijing Winter Olympics, but the event is being overshadowed by co 19 and a diplomatic boycott. And will tell you about the turf war between rebels in columbia this threatening the forthcoming election . Ah, more than half the Un Security Council has condemned north korea for its recent missile launches 8 nations as he to statements including the u. S. France, japan and the u. K, but china has called on the us to engage in dialogue with north korea. Yes, i diplomatic editor james bass. She didnt, judy of, she almost killed all this propaganda video has been ad in recent days on north korean t b kim john on is showing off his equestrian skills riding at speed on a white horse. But it is the speed of progress, his countrys making, its nuclear weapons, and miss all programs. Its warring diplomats. There were 9 miss are launches in january a record in a month. And the most recent launch was an advanced intermediate range ballistic missile. Ambassadors came
Sj the subcommittee on oversight will come to order. Without objection the chair made it clear we could resist and time and the record will remain open open for private sidibe some members may submit any materials they wish to be today we have congressman brian mask joining us to participate in todaysom little later. As a former Army Explosive Ordinance disposal technician the congressman is wellpositioned to expose failures of the january 6 responses it will analyze today. Appreciate having them here and discussion. Thank you Ranking Member torres members of the subcommittee and witnesses for joining us at todays oversight hearing. January 6 of 2021 was incredibly day for our country. Our capitol was overrun in some individuals assaulted the u. S. Capital s Police Officers and their breached our halls. Additionally explosive devices were p the rnc threatening our security. Today we will focus on identifying the numerous security failures that preceded and continue persist following th