Toes the world. America is back. And cassano trumps refusal to concede an embarrassment and protests in peru as a preferred president in 4 years is torn into office. Thank you for joining us. Hong kongs government has disqualified for opposition politicians, moments after beijing passed a new patriotism resolution. It allows Hong Kong Government to remove politicians who quote, endanger National Security or challenge chinas rule of hong kong, 19 opposition politicians out earlier threatened mass resignation if any of them were barred from the Legislative Council. No sane goal. There are for legislators who have been deemed in accordance by the law to not genuinely swear, to uphold the basic law and not genuinely played their allegiance to hong kong. We have doubts about their ability to perform their duties. If they are unable to uphold the basic law and to support hong kong, of course they are not qualified to be legislators. Lets bring in david palin, live for us in hong kong. So dav
Down. 2 , nonfarm futures, claims better than expected. Next chart, dollar remains in story or theme around the dollar today, relative weakness against the g10 but not so much against emergingmarket currencies. That is what the dollar is doing right now. Weakness in offshore currency remains on the back of this broader news from the trump administration, down. 2 , that is your aussie dollar, risk off mood, down. 1 , and the boe is flat against the u. S. Dollar. Gold move to commodities, publicly above 2050 and out, further gains. Not as Much Movement in terms of stimulus conversations in washington. Barrel, up,42 a maybe on track for gains across the week. And that is your yield for the 1132 and 52. , tencents down on the back of this executive order. Just how much and how significant this move is by President Trump is of course the question, given wechat is largely used by the chineseamerican community. It is not clear how much revenue tencent derives from the u. S. Market, but this i
Debts are about 700,000. The Trump Administration dabs up its attack on chinese tech. Mike pompeo wants to cut ties well beyond just a campaign against tiktok. Alert on start with an the bloomberg. South korea announcing its surplus widening to 6. 88 billion. This is a recovery from the 2 billion level we saw in the previous month and recovery after logging a deficit in april. When it comes to the trade surplus, widening to 5. 867 billion. We have seen south korean exports slump, slowing in july. We are seeing an economic recovery in china and demand for semiconductors. Lets turn to Sophie Kamaruddin in hong kong for a check of the markets. What should we be watching out for in south korea today . Sophie we have more data coming out. Tourism revenue falling for a fifth consecutive month so the focus will be on the consumer sector. Of o have the likes reporting earnings. Consumer sentiment has rebounded for a third month in south korea and online spending will continue to be key as the
In villages and sudan central darfor are demanding the government do more to protect them from troops. Plus thousands of International Students in the us risk of deportation if they university switch to online only courses due to the coronavirus. People simply go to school to news came to city to quarterback Patrick Mahoney signs a deal to give him the hardest valued contract in the history of professional sport. Now the Worlds Largest social Media Companies are reviewing their operations in hong kong after beijing imposed its new National Security law that now chinese short video up to talk has announced it will stop its operations altogether and the territory while zoom and linked in have joined a growing list of social media platforms including google and facebook who say they will now deny government requests. For user data now more details of that no have now been revealed police can conduct searches without a warrant stop suspects from leaving the city and intercept Online Commun
Chancellors statement . Were they in strong agreement with him . Anna he has a lot of support within the story within the tory party. Good morning to you, tom. Rishi sunak thrown into this incredible task of managing the u. K. Economy through all this. He remains very popular within the party. Interesting to see from the other side of the political spectrum, the criticism that he is not done enough. Maybe he is saving something for the autumn, but it will be crucial to watch what happens with unemployment. That we have an end mechanism for the furlough scheme that has done so much to support employment for this country. How much happen and will employment spike . Thiswere people riveted to , the statement at the beginning that the pandemic is terrible. Were people riveted to his speech yesterday . Anna im not sure that riveted is a way to describe it. Earlier, that dominated the day to day conversation, the conservative party stepping in in a way that you might expect a Labour Governme