U. S. Stores while pepsi shuts a food plant in beijing. Sending a message to the white house. How tictoc users may have contributed to the low turnout for President Trump in tulsa. Haidi lets take a look at how we are shaping up when it comes to the start of trading this monday morning in asia. Looking like a pretty uncertain start as u. S. Futures are. 25inuing to drop at percent. Nikkei futures trading in chicago down. 4 . We have a bit of strength in the yen in fact. We had the dollar outperforming at basically every g10 currencies in the overnight session other than the japanese yen which is sitting at that high 1060 handle. The are also seeing a slip when it comes to trading in oil prices after the market rose almost 10 last week on news that these output curves are continuing to work to break down the supply glut these concerns about a second wave of this virus resurgence are clouding the demand outlook and causing a bit more of a downside trading action when it comes to crude. W
U. S. Took preemptive action in terms of export controls for the city. Yvonne the one thing the chief executive has said is u. S. Sanctions will not scare us. That is the latest response from carrie lam. Given what weve heard from the u. S. Recently when sanctioned chinese officials over the security law, and also now as you mentioned, paring back trading benefits that hong kong has enjoyed with the u. S. As well. The market seems to be overshadowed by better data. Pretty early when it comes to pmi data in china that came out at the top of the hour. It seems like at this point its really about the fundamentals more than the politics that is driving this rebound we are seeing in risk assets today. Look at the asiapacific benchmark, up 1 . Set for the best quarter since 2009. Still, asian stocks have not really recouped most of the losses we saw in the First Quarter, but certainly u. S. Futures pointing positive as well. The hang seng still up 194 points despite what we have been hearing
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
I see that we have a quorum. Before i go forward, i understand the speaker of the house, ms. Pelosi will be stopping by. I must consent that she participate at any point she rise during the hearing. There she is. Madam speaker, would you like to make some remarks . Speaker pelosi thank you very mr. Chairman. 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 and the bipartisan house and Senate Democrats and republicans with one voice and defense of those being oppressed by beijing in support of freedom, justice and real autonomy for the people of hong kong. We continue to urge president to hold chinese officials abuses,ble for including taking steps under the hong kong human rights and democracy act. We must consider all tools available, including economic penalties. Here today i am very honored to join the general secretary Hong Kong Confederation of trade union. Carl peterson, law o
Taliban to kill american soldiers. And mourning in the streets or vote is out about a popular ethiopian singer known for his political songs is shot dead. China has imposed a new security law on hong kong 23 years after it took back control from britain promised a one country 2 systems policy is being signed by president xi jinping and its now in full force critics say the legislation erodes hong kongs freedoms and shatters its status as a Major International Financial Center a jim brown reports from hong kong. It normally takes a year for Chinas Parliament to pass legislation this time it happened in record time just 40 days the new security law completed its passage after a vote by the countrys most powerful political body the Standing Committee of the National Peoples congress in Hong Kong China supporters were also celebrating before the news that even being confirmed. A contentious measure the busy divided the city was once more defended by its chief executive the legislation oppo