Company. Elon musk returns to twitter to taunt his critics. And washington approved sanctions on china over hong kong as a Top White House adviser says the u. S. Is increasingly unhappy. New trade restrictions could be on the way. Lets look at how we are setting up in asia for that final trading session of the week. To trackstocks are set wall street as we assess the latest job numbers from the u. S. We did see some sluggish data indicating the pace for hiring maybe cooling as the virus spreads. Just keeping an eye on that. Ae index could be headed for weekly gain that could massively sway sentiment. We have retail sales to from singapore and Inflation Numbers from thailand, along with a pmi reading from china. Overall, we are set to end the week higher after thursdays event. Settledg futures have lower after the index cap the biggest rise in three months, let higher by property names and chinese brokers rallied as well. Financial markets have been resilient in the face of with the ruc
Want to work on the engineering side of this issue. Judy all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by since our beginning, our people anas been their financial wellbein that mission gives us purpose d a way forward. Today a andlways. For 25 years, consumer cellulars goal has been to provide wireles service that helps people communicate and connect. We offer a variety of no contract plans. To learn more, visit consumercellcular. Tv. Johnson johnson. The john asked and james l night foundatn. More at kf. Org. And with the ongoing support of these institutions. This program was made possible by the corporation for public broadcastin and by contributions to your pbs station from viewers like you. Thank you. Judy the u. S. Is now averaging s ughly 40,000 new confirmed covid19 infectich day. The caseload has more than doubled this least 10 states, mostly in the south and the west. Today, the nations Top Health Expert sounded nt warnings
Exchange leaving investors wondering whats happened to their money. China says that some prodemocracy activists arrested by security agents in hong kong under a new security law will be tried in its own courts the legislation came into force just hours before the city marked the 23rd anniversary of its return to chinese rule critics say deals a severe blow to the citys freedoms and shutters its status as a Major International Financial Hub for chinese legislators drafted hong kongs National Security law in secret without any input from the citys legislature and at record speed its details became known only after it was in acted well the law will punish loosely defined crimes such as subversion secession and collusion with sentences of up to life imprisonment the law also means that anybody other people in hong kong or foreign. Could face prosecution for offenses committed outside the city foreign officials or academics who publicly supported hong kongs opposition could face detention t
We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
Second half of 2020, there is an overlay of other stories. The pandemic story, at least in the United States, is truly front and center. I would also note the stunning close to equity markets yesterday. Call it window dressing on june 30, 2020, but we begin this july strong in the markets. Francine we certainly do. If you look at what the markets are looking at, and a lot of the focus is on the number of infections, treasuries slipping, and i am looking at a couple of Technical Glitches in europe affecting trading. We will have a full market roundup, but lets get to first word news in new york city with ritika gupta. Ritika good morning. Infectious diseases chief Anthony Fauci warns the u. S. Is going in the wrong direction. He said the country could see 100,000 new coronavirus cases a day, up from the current level of 40,000. Several southern and western states are seeing increases in infections, prompting some to put reopening plans on hold. A new poll shows 10 lead, joe biden over p