The nasdaq gaining 1. 7 . There could be a big threat bubbling underneath this market. President trump and chinese president xi jinping both dialing up the rhetoric today at the u. N. General assembly. Reporter President Trump has often used his annual speeches at the u. N. General assembly to challenge his adversaries, whether its the Nuclear Regimes in iran and north korea or for the second year running china, which he took direct aim at in his speech this year that was prerecorded despite consummating a trade deal with china in january. At this years virtual diplomatic gathering, the speeches were prerecorded and shorter than usual, but President Trump pulled no punches against china, which he accused of letting citizens leave the country and infect others and accused it of withholding information about the virus. The Chinese Government and the world health organization, which is virtually controlled by china falsely declared that there was no evidence of humantohuman transmission.
North korea continues down today poses a direct threat to the United States and our allies, particularly south korea and japan. We must go further and take action to punish the north korean regime and those who aid and abet in its provocative actions. The legislation before us today would significantly enhance our ability to curb the north Korean Nuclear program. The bill requires the president to sanction anyone who knowingly supports the north korean regime, whether by if you are furnishing materials for north Korea Weapons Program or by selling luxury goods to corrupt government officials while so many North Koreans live in poverty. The bill also provides exemptions for humanitarian organizations that work to relieve the suffering of millions of North Koreans. We must continue to let the people under the rule of this brutal regime know that we stand with them in their democratic aspirations, even as their government continues to threaten the International Community. I commend the ef