33 . Jobless claims rise for a second week with 17 million filing for benefits. International condemnation of hong kongs decision to bar a dozen prodemocracy candidates from Upcoming Elections as chinas new security law breaking news out of south korea. We are getting june Industrial Production numbers and they are a strong beat for the month on month numbers for june, a growth of 7. 2 . The estimate was for growth of around 2 . It is also coming after the previous number was revised downward, so its a bigger beat than expected. The year on year number still in contraction but only up. 5 percent. The expectation was for a plunge of 5 . The previous number was revised downward. We have seen a little bit more optimism. Manufacturers confidence in south korea rising. We have seen export declines starting to ease. Chinese demand rising, not to mention demand in the chip industry as well so the month on month number really a pop up 7. 2 growth, haidi. Today would be an interesting litmus te
And. Tax us taxes tax us a group of 1000000 as a government to raise taxes to fund a coronavirus recovery they say charity is not the solution but will governments unsub a call and how popular is this idea this is inside story. Welcome to the program im laura kyle the Coronavirus Crisis seems to be spinning out of control on thursday the world record of its worst single day rise in infections almost a quarter of a 1000000 in just 24 hours cities that had declared a tends to victory a falling back on the look down one by one. The return of restrictions is an Economic Disaster for many countries already suffering from the 1st wave governments say theyre doing what they can and some of bailing out flatlining Industries Others have chosen to spend big to create jobs encourage spending and reduce individuals debt well as others have chosen well for a Public Sector cuts as well as a rise on v. A. T. But all these measures are not permanent fixes and theyre expensive with the money having to
Tax us taxes tax us a group of 1000000 as governments to raise taxes to fund a coronavirus recovery they say charity is not the solution but will governments also buy a cool and how popular is this idea this is inside story. Welcome to the program im laura cause the Coronavirus Crisis seems to be spinning out of control day the world record its worst single day rise in infections almost a quarter of a 1000000 in just 24 hours cities that had declared attends to victory affording back on the look down one by one. The return of restrictions is an Economic Disaster for many countries already suffering from the 1st wave governments say theyre doing what they can and some are bailing out flatlining Industries Others have chosen to spend big to create jobs encourage spending and reduce individuals debt well as others have chosen welfare and Public Sector cuts as well as a rise on v. A. T. But all these measures are not permanent fixes and theyre expensive with the money having to come from s
Libya and syria and president putin hope to kick start the economy this year but i would pay for his big plan. Counting the cost on aljazeera. Taxes taxes taxes a group of millionaires just governments to raise taxes to fund a coronavirus recovery they say charity is not the solution but will governments also theyre called and how popular is this idea this is inside story. Hello there and welcome to the program im laura kyle the Coronavirus Crisis seems to be spinning out of control on thursday the world record its worst single day rise in infections almost a quarter of a 1000000 in just 24 hours cities that had declared a tends to victory a falling back on the look down one by one. The return of restrictions is an Economic Disaster for many countries already suffering from the 1st wave governments say theyre doing what they can and some of bailing out flatlining Industries Others have chosen to spend big to create jobs encourage spending and reduce individuals debt well as others have
H shares in now and hong kong up by. 5 . Pretty marginal gains here in the last half hour or so with it brings us near the top of the 2015 bubble. On the other of the argument hsbc is cutting china to neutral f this rally. Something to keep in mind as we take a breather here from the exuberance weve seen in chinese stocks. One more thing were watching is the hong kong dollar. Now 15. 7 billion hong kong has been injected into the system there. Solid that pair and the renminbi with a six handle for the First Time Since march. The strength of the renminbi certainly helping the equity markets as well. And gold still holding. Some breaking news from sri lanka, the federal bank cutting its lending rate to 5. 5 . Its a big cut, a 100 basis point cut bigger than expected. Economy expanding at a pace of 3. 8 in 2021. Much bigger than anticipated. Lets dig deeper into the ofkets and bring in ahead forpacific thank you joining us. Lets talk about china. Its going gangbusters in the last seven da