Have nothing to worry about. Hong kongs National Security law regulates more taps of criminal acts that seriously endanger National Security punish a very small number and protect the vast majority the rights and interests enjoyed by a large number of hong kong residents and foreign institutions and personnel in hong kong in accordance with the law will not be affected in any way after to enforcement of the law the legal system of hong kong will be more complete the social order will be more stable and the Business Environment will improve which is conducive to the prosperity and stability of hong kong but chambers of commerce are warning that businesses could violate the law without even realizing it that includes supporting any nonprofit or profit or charitable work that is deemed to be a violation of the law joining us now to discuss this bus cohosted investigative journalist ben swan and Geoffrey Tucker the editorial director with the American Institute for Economic Research thank
Because the threat posed by covid19 remain serious and widespread, we are proceeding in the best manner we can, remotely in todays case in order to ensure the safety of our witnesses, members, staff and the public. Todays conversation is essential to the oversight of how we should adapt and meet the challenge of increasingly assertive china especially in the backdrop of a Global Pandemic. I had hoped this would be a bipartisan discussion. Unfortunately, without reason or justification, republican colleagues have decided to absent themselves from the committee. I repeat my hope they will reconsider and join us for future unclassified public hearings and unclassified closed roundtables. We will continue to have them as they are being used to frame the oversight issues and requests and inform our members of the various threats facing the country. The American People expect congress will continue doing its job even in a pandemic and that means showing up at a minimum whether we want to or
[no audio] tom good morning, everyone. Bloomberg surveillance. We welcome all of you worldwide, on Bloomberg Radio and Bloomberg Television. Some technical difficulties there, which usually start with tom keene because i am the one most remote today. I am still at my home here near the mount sinai complex. It has been a most extraordinary morning. Let me give you a sense of the new slow right now before we get to our good conversation this morning. Is certainly decidedly new and more grim news on the pandemic. This has been the seachange news this morning. We have seen it over the last couple of days as well. And in the markets, as Jonathan Ferro has mentioned, a real deterioration over the last number of hours. All of this the reality. I think i could simplistically just say because we have wiped away any sense of a vshaped recovery, that ended somewhere in the vicinity of 2 40 p. M. Yesterday, didnt it . I think there was Jonathan Jonathan i think there was a little bit of exuberance
Phenomenal. Ist is also phenomenal whether the bond market is speaking the truth. Lowyears, near an alltime in the u. S. It is quite sensational globally where we see european bonds completely negative. This desire for highyielding assets continues. We want to take it back there for ron temple. Just your thoughts on these levels we are seeing not only in stocks, but in the bond market. I do think the really important point back to the fed liquidity, i was looking back at fedweekend of march 25, the balance sheet. We should all be mindful that the fed is decelerating its purchases and that will have an effect in my view on yields and different parts of the market. We need to be thinking about the supply of Financial Assets as the u. S. Deficit and other National Budget deficits grow, there will be a large amount of supply in the sovereign debt markets. In may, we saw a record high issuance of highyield debt. Just that month, not every month. There is a lot of supply out there and people
While that is actually a very genuine question is wrestling real or fake this was on the digital spy they asked and the answer yes it is real and it is fake so i want to use the analogy. Its hard to be a wrestler you know it looks easy and looks like its all fake but in fact its hard to breathe through this mask and of course some of the greats good guy but vs bad guy fights all of World Wrestling entertainment and entertainment still cold steve austin versus do we know rock johnson obviously dwayne the rock johnson was the good guy and stone cold steve austin the bad guy now the rules of the game are the good guy always has to win right the good guy wins hope token versus andre the giant that was back in our day versus much oh man randy savage so the good guy always wins and the bad guy loses well they analogous situation happened in america in 1996 a bit after eat back then w w e used to be called off World Wrestling federation and in 1906 we saw the birth of n. B. C. And fox and thi