The u. K. Considers new curves in london. The rda prepares to meet with melbourne again in lockdown. Pam braces for more economic gloom with First Quarter growth data. We are expecting a steeper downward revision. Lets get a check of where mark were markets are setting up. Here Sophie Kamaruddin in hong kong. Here is Sophie Kamaruddin in hong kong. Sophie a cautious start to the month of august after asian stocks have a fourth monthly gain. We are seeing sp Futures Holding steady and looking like a soft start to this trading week. Gold futures testing 2000, bouillon extending its rise after the best month in four years while u. S. Real yields lingered near record lows. Money managers are shifting gears a touch, decreasing the bullish gold bets to a six week low at the end of july. In the forex space, looking steady with offshore yuan staying below seven. We have the aussie dollar easing its earlier drop as investors assess the lockdown in victoria state. With a earning stock, we have t
After hitting another all time high earlier in the session. The selloff coming as California Governor Gavin Newsom rolling back reopening plans as coronavirus cases spike in the state. Bars, gyms, salons, malls, other businesses ordered to close indoor operations in 30 counties that represents 80 of the states population does this officially put a close on the reopening rally guy . I dont know again, i dont know if this was a rally on the reopening or hopes that there was some vaccine out there or the fact that the fed is back stopping this entire thing, but ill play your reindeer game, mel, and say this was the reopening rally. Im shocked that people are surprised that the reopening is not going as well as a lot of people were indicating it would. So it should put an end to it because on top of that, as we just talked about earlier, or sara and wilf talked about, you had one of the biggest reversals in the market. It looks to me eastererily simio some of the moves in late march when t
The committee on Foreign Affairs will come to order. The chair is authorized to declare a recess at any point and all members will have five days to submit statements, materials and questions for the record subject to the length, limitations in the rules. To insert something in the record please have your staff email the previously mentioned address or contact of the full committee staff. I see that we have a quorum and before i go forward i understand the speaker of the house, miss pelosi, will be stopping by this hearing and i ask unanimous consent she participate in any point she arrives during the hearing. So ordered. There she is. Madame speaker, would you like to make some remarks . Thank you very much, mr. Chairman. I thank you and mr. Mccaul, mr. Eliot engel for having this hearing today. It is with Great Sadness that i come here because we had such optimism and such hope. The u. S. Congress has always spoken in a bipartisan house and senate, democrats and republicans, with one
Mr. Hawley i ask unanimous consent that the quorum call be suspended. The presiding officer without objection. Mr. Hawley mr. President , a week ago, i stood in this chamber and spoke about the death of democracy. I spoke about how free people are slowly losing their basic liberties right in front of our eyes. I spoke about how a deeply oppressive regime is defiling laws and tearing up treaties that offer protection and peace. I spoke about how the bright light of a great city is descending into darkness, chaos. I spoke, mr. President , about the plight of the people of hong kong. Id like to take this opportunity to remind everyone, both at home and those listening abroad, about the urgent and existential crisis that plagues this outpost of liberty in the indopacific. On may 28, the Chinese Communist party in beijing adopted a resolution and began drafting a new National Security law in hong kong. Thats what they call it, anyway. But the more we learn about this impending legislation,
Journal, live at 7 00 eastern thursday morning. Be sure to join the discussion with your phone calls, facebook comments, text messages, and tweets. Announcer the House Foreign Affairs Committee Held a hearing on the implications of chinas new National Security law in hong kong, which has led to arrests and clashes between police and protesters. The new law coincides with the 23rd anniversary of the handover of hong kong between the United Kingdom and china. This is almost 3. 5 hours. Forum. E have a and before i go forward i understand the speaker of the house, ms. Pelosi, will be stopping by, and i ask unanimous consent that she participate at any point she arrives. And there she is. Madam speaker, would you like to make some remarks . Thank you very much, mr. Chairman. I thank you and mr. Mccaul, mr. Eliot engel for having this hearing today. It is with Great Sadness that i come here because we had such optimism and such hope. The u. S. Congress has always spoken in a bipartisan hous