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
Congress to help. Welcome to the program from the beaches of spain to the streets of los angeles coronavirus cases are searching on almost every continent faster and further than ever before its taken just 4 days for the global number of cases to jump from 15 to 16000000 over the past week 37 countries reported record spikes in daily infections including the u. S. Where the tally is going up by 60 to 70000 every day california remains the epicenter of its outbreak while florida has overtaken new york with nearly 424000 infections brazil is the 2nd worst hit country after the u. S. And the number of cases across latin america has surpassed 4300000 more than the u. S. And canada combined but those top 3 hotspots the u. S. Brazil india now. Count for half of the worlds infections Prime Minister Narendra Modi warned the indian public to remain vigilant saying the danger of cope with 19 is far from over well in a moment well have the latest from the United States but 1st a listener on petty
Response and how the tensions between the 2 superpowers are spilling over on the world stage and coping 1000 cases continue to surge in the u. S. But how do the states stack up against the rest of the globe well take a look around the world but amid the surging coronavirus cases in the United States some pharma stocks are seeing a pop on the hopes for a potential vaccine but could the optimism be a bit premature later on we jump into the race for a vaccine and the possible supply chain issues that could arise once a cure has been found we have a packed show today so lets dive right in. And we leave the program with the latest salvo in the back and forth between the United States and china over the Hong Kong National security act now on tuesday u. S. President donald trump signed into law the hong kong autonomy act previously passed by congress which imposes sanctions on chinese officials businesses and financial interests institutions that violate hong kong autonomy now a spokesperson
Some pharma stocks are seeing a pop on the hopes for a potential vaccine could the optimism be a bit premature later on we jump into the race for a vaccine and the possible supply chain issues that could arise once a cure has been found we have a packed show today so lets dive right in. And we leave the program with the latest salvo in the back and forth between the United States and china over the Hong Kong National security act now on tuesday u. S. President donald trump signed into law the hong kong autonomy act previously passed by congress which imposes sanctions on chinese officials businesses and financial interests institutions that violate Hong Kong Tommy now a spokesperson for the Chinese Foreign ministry respond to the legislation saying sanctions could be levied against the u. S. Its the implementation of Hong Kong National security law and never see in order to see guys only interest in china. And impose sanctions on the us personnel. Corrected its mistakes implementing th