A bit demick which seems to be driving an increase in the chinese inflation rate and this unusual rise in fresh fruit prices by nearly 27 percent in may. Its important because the food prices are. Very visible to Chinese Consumers and Chinese Consumer confidence can be affected negatively by these kind of dramatic spikes. On the swine front one of the things through realize is that the Agricultural Sector in China Remains extremely fragmented there are literally millions of small farms and small produces across china and so while beijing has done a very good job of developing National Standards for food safety the level to which an Inspection Service exists across the range of provinces in China Remains limited and as a result enforcement of the standards at a local level on behalf of Consumer Protection remains somewhat weak. As a result you have these outbreaks which are not necessarily nationwide in scope of this point but they are sport outbreaks which end up disrupting supply chai
Attorne Attorney General Merrick Garland announcing he will give david weiss Special Counsel status to investigate the president s son. Hello and welcome everyone, im sandra smith. Gillian, great to have you back. Gillian this is America Reports. Garland says weiss told him he wanted to be given Special Counsel status to continue his probe into hunter biden. This after insisting for months that step was not necessary. Sandra the timing of this announcement is certainly being highlighted at this hour, and raising Big Questions about how the probe will intersect with a separate congressional investigation. And a Draft Plea Deal between hunters attorneys and weiss thats currently being reworked. Gillian Lindsey Graham as well as house ways and Means Committee chair jason smith are both here to react. Sandra mark meredith, live at the Justice Department at this hour for us. Why did the attorney yes decide to do this and decide to do this now, mark . Sandra, good afternoon to you. The u. S.
Congressional republicans are already saying weisss new status makes him a Fire Wall Insulating President Biden and his Justice Department and could actually impede congressional efforts to get to the truth. Look into that. Also tonight, the Justice Department has moved to officially dismiss the now defunked plea deal with the president s son. Correspondent dazed spunt has the details from the Justice Department. Good evening, david. Reporter bret, good evening to you. The legal jeopardy for the president s son only deepens now that this case has Special Counsel status, and we can say tonight that it appears hunter biden is headed for trial. I have concluded that it is in the Public Interest to appoint him as Special Counsel. David weiss, the u. S. Attorney who had been leading the Justice Departments probe of Hunter Bidens tax and Business Dealings now getting a new job title and new legal responsibilities. Reporter mr. Weiss has the authority he needs to conduct a thorough investigat
Biggest incursion to date into gaza. Early this morning a column of tanks and bulldozers moved in. Prime minister netanyahu says the idf is preparing for a Ground Invasion soon, thats his word. President biden has again warned iran not to attack american troops. Central command has confirmed that two dozen soldiers were injured in drone attacks the from groups linked to iran. Next, the market. And the real story here is the sharp selloff in technology stocks. Heres big tech this premarket action. All of them down. All of them down again. Now, there have been some disappointments in big tech earnings, but theyre all way down. Yesterday and this morning. This is not helping, treasury yields going back up again, the 10year now at a 4. 91. It was closer to 5 earlier today to. The 2year till well above the 5 level are, 5. 07, to be precise. Stocks overall mostly down. That was earlier this morning. Then we got a report of 4. 9 economic growth, and that has pared those losses, so right now w
Jacqui oh, wow. Jackie we have the top 24 president ial election and americans considering a deal breaker issue with the candidate and poll found the top three deal breaker issues when deciding who they will vote for for president for abortion and the economy and Border Security and with me now to discuss this is wall street journal columnist and Fox News Contributor bill mcgurn and republican strike that just ford oconnell. Ford, ill start with you and get react to that poll. What struck me about this is democrats are motivated about them with what theyre necessarily expecting and looking at this poll, 15 say abortion is a deal breaker and 14 say its economy and 14 say Border Security. Those numbers are really tight and theyre in a tight margin. Its not like abortion is a landslide issue ahead of them. The economy resinating with the hispanics and saying its going to decide the election and a very, very close election and decide essentially between 1822 counties. Thats how tight itll