The government has to determine which zones is it going to insure and was known as is it not going to insure and it does that based on the racial makeup of neighborhoods. Neighborhoods that had a certain number of black president s what had literally red lines drawn around them on the map. And they wouldnt insure mortgages in those areas because they believed that the properties would not hold value the brain turned on a loan the risk. Banks take up that same practice they decided theyre not going to lend in those areas that meant that all these benefits that were flowing to potential homeowners were flowing to whites and not going to minorities. To this element of racism into our ownership culture. Their problem its own problem is made most of them up and why wimbledon do what we did are probably going to work with them living 2 doors away so we passed a law in 1968 at the Fair Housing Act. Proclaims that fair housing for all of human beings is now a part of the american way of life.
Market stampedes to the bond market. Huawei may be collateral damage. We hear from the companys chief market officer. Sophie Financial Markets taken for a ride on produced terror threats on top of reduced trade when it came to manufacturing pmi. 2 from gains the losses. Check out the dow weighed by. Tocks like nike u. S. Futures hinting at further losses earlier in the asia session. Switching the board to check in on treasuries, rally across the curve sending 10year yields not seen since investors are as boosting their fed easing bets. Of thatd a strength string of we get Economic Data yesterday with japan and south korea pmi in that contractionary territory. An addition, we had news out of hong kong that retail sales had its fifth straight monthly decline. Were also awaiting another slew of earnings from asia. Want to check on the yen here after that trade news. Trump tweets announcing a new 10 tariff on 300 billion in chinese imports, not yet an effect. He goes into effect on january
They have the situation on lock. The president is certainly going to test on a regular cadence determined by his physician. All travelers including the president will test before traveling to india. Masking, testing and monitoring for symptoms. He has no symptoms. So were going to continue to follow those guidelines. Harris well, if he does get to travel to the g20 he will have to deal with this reality. Our enemies are busy. China does what it wants. Chinas president xi reportedly will skip the summit. U. S. And china relations are spiraling. Arms negotiations between russia and north korea are quote, actively advancing and causing Major Concerns for ukraine. And were told to expect biden to again try to rally the world around ukraine while he is abroad. In focus, 2024 republican president ial candidate vivek ramaswamy. Well get into Foreign Policy and more when he joins me. We begin with Jacque Heinrich at the white house. Jacque, covid watch. You know, china has its own simmering te
Headquarters in new york. Breaking right now, were waiting for the first News Conference from the brand new Speaker Of The House, mike johnson. He won with a slim majority from the republicans but they were lined up this time around, which we have not seen in the prior three rounds. This happened three weeks after they ousted former speaker, Kevin Mccarthy. This is a beautiful country. Its the beauty of america that allows a firefighters kid like me to come here and serve in this Sacred Chamber where great men and women have served before all of us and strive together to build and preserve what lincoln referred to as the last best hope on earth. Martha well hear from mr. Johnson about what he plans to do as he takes on this very big role in the United States government. Also, on the other front, a very big afternoon as President Biden spoke today, he spoke quite briefly actually, in a News Conference that everybody was waiting all day for about what we now know have been attacks on u.
Im martha maccallum. A lot of Breaking News at this hour. Were waiting for remarks from President Biden at the white house about to go to that. Sources now telling fox that you have seen the news in the lower third of your screen there, two more hostages that have been released from gaza, elderly women. They have been described that way. Were getting more information as soon as we get it. Multilateral operation by air, ground and sea in to gaza by israeli forces. That according to israels minister of defense. Its a race against time as people want obviously to get these hostages that are being held out of the way before they become caught in the cross fire of all of this. Also, you have Gaza Civilians reportedly split. Some trying to escape, others digging in saying they dont want to leave and others in the category of being prevented to leave by hamas. Well talk about them being used as Human Shields. The Ground Invasion has been delayed now in part as President Biden and his team hav