U. S. Took preemptive action in terms of export controls for the city. Yvonne the one thing the chief executive has said is u. S. Sanctions will not scare us. That is the latest response from carrie lam. Given what weve heard from the u. S. Recently when sanctioned chinese officials over the security law, and also now as you mentioned, paring back trading benefits that hong kong has enjoyed with the u. S. As well. The market seems to be overshadowed by better data. Pretty early when it comes to pmi data in china that came out at the top of the hour. It seems like at this point its really about the fundamentals more than the politics that is driving this rebound we are seeing in risk assets today. Look at the asiapacific benchmark, up 1 . Set for the best quarter since 2009. Still, asian stocks have not really recouped most of the losses we saw in the First Quarter, but certainly u. S. Futures pointing positive as well. The hang seng still up 194 points despite what we have been hearing
Month. The Unemployment Rate fell to 11. 1 . That is sparking a rally as investors also ignore rising coronavirus cases. Right now, as you can see, we are hovering just above 26,000. We may hit session highs once again. The dow was up more than 400. We will see if we can kick it up in the last hour. The s p up 34, the nasdaq up 122. This could be the 23rd record close for the nasdaq and second day in a row we got records for the techheavy nasdaq. We shall see. The june jobs report reflecting the reopening of america. Atlantic city casinos rolling the dice on reopening today. The ceo of golden gate casino shares his advice for his competitors after opening his vegas casinos just last month. But gym owners are still waiting for the green light to reopen in many places. Beach body ceo and founder on gym owners rights to the workathome boom. And its ipo day for lemonade. We will talk to the ceo of the insurance app thats targeting millenials and disrupting a very traditional industry. Less
Innocent protesters as well and the solution is simple. Force reform and defunding. Lets demilitarize our police. Calling for the defunding of the sjpd. The city released a memo from the mayor and Council Members officially calling for changes to the Police Manual including banning the use of rubber projectiles to disperse crowds. Today it is less than shortsighted, they are literally backwards looking. The San Jose Police chief announced a similar ban earlier in the week. A decision critics say is too little, too late. The county supervisor wants to look at tactics in the Sheriffs Office and today he formally called for new limits of deputys use of teargas and rubber projectiles and added his support for the cant wait propose wi proposal. There is really no doubt that our criminal Justice System is deeply flawed and existing policies allow abuse and in some instances foster it. Reporter they issued a statement saying it is reviewing all of their tactics and banned the socalled choke r
Find it legitimate that these Companies Pay their taxes. European markets trade mostly lower as a surge in cases in oklahoma and beijings flight ban fear a second wave of the virus. Wire card shares trade near the bottom the publication of the german groups numbers are delayed three times. The bank of england is expected to expand its bond buying plans now saying they are, quote, under active review. A warm welcome to street signs. French finance minister has hit back at a u. S. Decision to walk away from digital tax talks. The mayor called the u. S. Decision a provocation and said the tax itself was a form of justice. Translator we have received with my spanish, italian and british counterparts, a letter from Steven Mnuchin stating that they dont want to continue negative oceanition at the oacd on digital tax this is a provocation to all the partners we were just a bit away from reaching an agreement on a tax a provocation against all at the oacd and all citizens in the world that fin
Businesses are failing, tourism has collapsed, and confidence is shot. Sweeping new security loss for hong kong later on tuesday after imposing visa bans on americans it says are interfering in its affairs. Look at the take a set up after the u. S. Paring back some of the gains. Betterthanexpected housing data overweighting these continued can turns and continued resurgence. Continued returns and continued resurgence. Sophie. Sophie futures are pointing higher. Chinese pmi is expected to show some stabilization from manufacturing while Services Face a setback. From south korea, we are getting a may industrial output. That was a bigger contraction than the expected 4. 5 via well vol that was seen in a survey. Nikkei futures in chicago heading higher and this is adding up the topix for the best quarters 2016. Since 2013, for the last of market rights, raising concerns with heavy concentration on japanese growth stocks. The yen wrapping up a sleepy quarter. Valuations as cheap as they com