To the revision or development of a standard in a Standards Organization will the u. S. Added waterway to its entity list in may of 2019 this was over National Security concerns a claim that wall way has repeatedly denied but in an interview with fox business commerce secretary will ross clarified that this new rule is not to help wall way but simply to quote help make sure we have ubiquity in 5 g. Adding the change is really simply a clarification it isnt that were doing something to help all way what were doing is something to make it easier for Global Standards to be symmetrical ross reiterated National Security concerns remain over while these 5 g. And said that spying is a very real issue will the rule is scheduled to be formally published this thursday. For more we are joined by a host of Economic Data and author of understanding socialism professor Richard Wolfe professor as always thank you for being with us today. Lets start with the shares in Chinese Telecom companies that ha
Socialism professor Richard Wolfe professor as always thank you for being with us today lets start with the shares in Chinese Telecom companies that have jumped following these loosened sanctions as i just mentioned u. S. Secretary of commerce will be while we remains a Serious National Security concern but is this the start of the u. S. Essential e backing down. Absolutely if this is a should leave the United States widely expected for some time and as a response not only to pressure from American Companies that want to walk away and rely on business with. Initial pressure from all the countries germany is a prime example that have already embedded while way. Which is among the best in the world i mean a little dish in the long run jus wont be ready as better chips will go to the United States. In telecommunications and this is the recognition that the chinese really already completed or you believe the highest level and yes its. Because you become too expensive for the United States
Commerce Department Released a new rule on tuesday that will allow American Companies to collaborate with wall way on setting standards for next generation technologies essentially what this means is the new rule will amanda wall way entity listing and it will allow certain technologies to be released to walk away and its affiliates if it contributes quote to the revision or development of a standard in a Standards Organization will the u. S. Added wa wait to its entity list in may of 2019 this was over National Security concerns a claim that wall way has repeatedly denied but in an interview with fox business commerce secretary wilbur ross clarified that this new rule is not to help wall way but simply to quote help make sure we have ubiquity in 5 g. Adding the change is really simply a clarification it isnt that were doing something to help all way what were doing is something to make it easier for Global Standards to be symmetrical ross reiterated not. Security concerns remain over
You can find more information about both of those verifications on our website and you tube channel but one irony our guest identifies in his new book is that britain was once the envy of the world when it came to handling epidemics Contact Tracing was pioneered against cholera in londons soho area and so what can we learn from past pandemics how they transform the world professor Frank Snowdon author of epidemics and society from the black death to the present joins me now via skype from rome in this early frank welcome to going underground before we get to the book which i think is being read by more and more people than maybe you even expected tell me about how you contract it coded in rome and why youve dedicated your life way before coronavirus to the study of pandemics and epidemics yes one devoted so many years to pandemic diseases because it seems to me there were. Or for way for understanding how societies function are put together their values the relationships between people
Big tech is seen as a haven and growth play because they continue see demand for their products and services and have sheet to write out this disruption. Havens are in favor. You can see 68 basis points. The dollar edges higher for the fourth day in five. Indexes are coming off their lows. There is still a lot of trading day to go, but by the dip but buy the dip seems to be in effect. David another narrative we have been seeing is a divergence between mason street and wall street between main street and wall street. When will we see something that might help main street . Scarlet that will be critical this week, especially with jay powell speaking to congress. That will be a big issue, especially since you see data like interim manufacturing come in better than expected. We also get retail sales as well as Industrial Production on tuesday. Housing starts on wednesday. Housing has been doing very well in this economy as Mortgage Rates have come down and a lot of people are looking to re