For the Global Economy moving forward well bring you indepth analysis we have a packed show today so lets dive right in. And we lead the program with Economic Data out of the worlds 2 largest economies as the globe continues to grapple with the copen 1000. 00 pandemic lets start in china officials are reporting the countrys g. D. P. Grew by 3. 2 percent in the 2nd quarter of 2020 compared to the same period last year now the Economic Growth was a sharp rebound after the worlds 2nd largest economy contract by 6. 8 percent year over year for the 1st quarter of this year now china was the 1st nation worldwide to start lock downs and stay at home orders in january but most restrictions have since been eased more positive data came as industrial output jumped 4. 8 percent year over year for the month of june better than initial estimates from economists now some experts see these data points as a sign of an economic recovery for china however retail sales fell by 1. 8 percent. For the month
Year now the Economic Growth was a sharp rebound after the worlds 2nd largest economy contract by 6. 8 percent year over year for the 1st quarter of this year now china was the 1st nation worldwide to start lock downs and stay at home orders in january but most restrictions have since been eased more positive data came as industrial output jumped 4. 8 percent year over year for the month of june better than initial estimates from economists now some experts see these data points as a sign of an economic recovery for china however retail sales fell by 1. 8 percent for the month of june worse than analysts expectations but better than the loss of 2. 8 percent in may now meanwhile here in the United States the u. S. Commerce department announce retail sales for the Worlds Largest economy grew by 7. 5 percent in june after a massive jump of 18. 2 percent in may now this of course comes as restrictions have softened in certain areas of the country despite recent spikes in coronavirus. Cases
Countrys g. D. P. Grew by 3. 2 percent in the 2nd quarter of 2020 compared to the same period last year now the Economic Growth was a sharp rebound after the worlds 2nd largest economy contract by 6. 8 percent year over year for the 1st quarter of this year now china was the 1st nation worldwide to start lock downs and stay at home orders in january but most restrictions have since been eased more positive data came as industrial output jumped 4. 8 percent year over year for the month of june better than initial estimates from economists now some experts see these data points as a sign of an economic recovery for china however retail sales fell by 1. 8 percent for the month of june worse than analysts expectations but better than the loss of 2. 8 percent in may now meanwhile here in the United States the u. S. Commerce department announced retail sales for the Worlds Largest economy grew by 7. 5 percent in june after a massive jump of 18. 2 percent. May now this of course comes as rest
Endangerment of public health. Hes investigating. In boston, a packed party boat making headlines. Absolutely no social distancing. That party boat operation has been completely shut down. In new jersey, no pictures yet, but 700 people attended a liberian Independence Day party. It was staged at an airbnb rental. Plenty of alcohol and twerking. It took police five hours to break it up. Hundreds ticketed. There is, however, positive news on the virus. Pfizer is now in phase 3 testing for its vaccine. That is the final stage. Just like moderna. And the increase in virus cases in two key states, california and texas, is slowing down. You better take a look at this. Kodak. Remember them . They are getting 765 million from the government to make the ingredients for pharmaceutical products. They will replace china, which currently dominates the supply chain for the Building Blocks of drug products. Watch that stock go. The dow industrials, they are going to be on the down side this morning.
Any medical condition. And the u. S. Accuses china of sponsoring hackers to spy on American Companies working on a vaccine for covert 19. You know harvey has you covered it next hour with a fresh news update the kaiser report is coming up right here on our international if youre watching in the u. K. Or ireland its just. This is the kaiser report the world is. So you see its gave her thats what i see when i look at the headlines japan and the government will start paying us companies to move factories out of china japan to pay at least 536 1000000. 00 for companies to leave china now they are not heading back to japan they are planning on going to cambodia vietnam places like that other places in South East Asia right wow a remarkable and so why are they doing that. Because theres a period of. Japan as a close ally of the United States the United States is escalating their war 1 against china and there are 2 cities trap it could be game over on that on this whole the paradigm that weve