This is boom bust the one business show you cant afford to miss for in washington coming up u. S. President general trying to sign an executive order to crack down on other chinese apps marking a new turn of the tech war between the u. S. And china straight ahead we take a deep dive into the move and what it means for geo political relations plus as so much of our lives have moved online because of the copen 1000 pandemic could we see the term internet celebrity taken to a new level well well find out we have a packed show today so lets dive right in and we lead the program with the latest on the back and forth between the u. S. Government and chinese social media apps u. S. President donald trump signed a pair of executive orders thursday that would impose new limits on tick tock and we checked the orders will ban people in the u. S. Or subject to the laws of the United States from transacting with the china based owners of these apps taking effect 45. 00 days from the signing now the
Now reporting russia has indeed become the 1st country to grant Regulatory Approval to a covert 19 vaccine after less than 2 months of human testing a move moscow likened to its success in the cold war era of the space race and apparently russian president Vladimir Putin is so high on the at the casie of said vaccine that he even had one of his own daughters take it. Theres no actual word yet on a u. S. President donald trump has put a banker to put me on an intravenous drip of my drug sequoia queen and lysol in an effort to outdo his russian counterpart will keep you and keep you abreast of that does happen and while us back sports and political politicos will now dust off the old cold war 2. 0 debate over moscows potential vaccine on cable news channels and social media to no end the virus itself continues to flourish here in the u. S. Especially inside. The walls of United States prisons work order analysis by the u. C. L. A. School of laws code 19 behind bars data project and john
Oil, 41. 40 we talked for a long time about mike pences hawkish speech on china from a year or two ago but pompeo yesterday oneupped that and this consulate news from china is weighing on sentiment too. Yeah, he upped the ante jim did focus us at the time on Vice President pences speech because it was quite truck lant would be a word to describe it at the time but it continues to go up in terms of the tensions, carl weve talked about it pretty much every day, whether its a backandforth over huawei, whether it has to do with conversations about closing down the app tiktok in the United States, whether it is the closing of consulates here and the response from the chinese. This is not going in a direction that many, who at least are invested in the idea of global trade, certainly, mike, would wanting to see. For sure. On the one hand the market is not necessarily overly focused to this point on these relationships and not really counting on anything to come out of it. Its not quite like
On the back and forth between the u. S. Government and chinese social media apps u. S. President donald trump signed a pair of executive orders thursday that would impose new limits on tick tock and we checked the orders will ban people in the u. S. Or subject to the laws of the United States from transacting with the china based owners of these apps taking effect 45. 00 days from the signing now the order involving tech talk makes official the president s calls for a u. S. Tech company to buy the social media app or it will be banned from operating in the us take tax Parent Company by day its said the action was done without due process process adding that legal action would be taken if the company did not get fair treatment from u. S. Officials the Chinese Ministry of Foreign Affairs also weighed in on the situation friday morning. Just call it enjoys abundant support until she can find little support to put its own. Market for International Rules and willful conduct of a comin to pi
Surged as lead by amazon well have more on that in a minute jim cramer said it feels insane. Im wrong to say that at the moment u. S. Equity futures at this hour show you how it stands. Well have another day in the green. Dow up 230 points. S p 500 up we should show you treasury yields now at. 0617. All i do is think about my 10year mortgage i dont have a 10year you have a 30year, which you regret i wish i had a fiveyear arm. You could still have a fiveyear arm. You are giving it to the man you are. Giving it to the suits. We are seeing a bit for bonds and equity even higher a reach for safety even though we have a risk on. The eu has reached a breakthrough deal agreeing to 857 billion Recovery Fund it will raise money by selling bonds collectively disbursed to the maybe countries hit the hardest that do not have to be repaid many countries including germany had long opposed also agreed to eu budget of 1 trillion beginning next year brining the total spending agreement upwards of 2 tri