Sparked by a regulatory crackdown. Tencent earnings are out later today. Kongs of hong prodemocracy lawmakers resign as beijing tightens control. Carrie lam supports banning those not deemed sufficiently patriotic. Lets look at how things are shaping up when it comes to the start of the session. It continues to get some of that rebounding onring concerns might want to stick to. Rade could berecovery somewhat stop start. It did not move on rates and did at stimulus and effectively pushed back expectation for the timing of relative rates aired the kiwi market not pricing that in all of 2021. The nikkeis little bit negative but the top x are wiping out all of its losses for the ear and looking like that momentum could be sustained. Take a look at futures up about s p hittingsaw the the 10 week i. High. Prodemocracy lawmakers in hong kong are set to resign en masse after beijing passed a to ban politicians not sufficiently stock. I would not say that for members remaining in a Legislative
Continue to slide towards some kind of apocalypse until some major catastrophe awakens us this pandemic be categorized as successor. Not defunding just sad but if one deed weve. Already bought but then should just as hes dead. I need to go buried. David is now. Dead beat. As they want to be sure he will meet you remember dont you know he has all his beady. We trust cost Everybody Knows the main cause of Global Warming because i was. Visiting and so on so we have another catastrophe the dana get out of. My car on the west. Exploding United States. Be almost on the bardo some guy those of you who are United States the soon to be sleeping into the state of those who wear masks in the state of those who are relaxed on. The end of the economic. Policy we dont know numbers from here or from the United States we. Base. States are. Based on european states your legs are just printing money and so on you can do the same. And citing only. The. Guys shes mentally. I are low in your. Job but i don
On the chin. Again what the experts sort of give they can taketh away. When Jerome Powell talked about the fact even with the flood of stimulus weve already seen, good idea to see more stimulus. He didnt put a dollar figure behind it. The Federal Reserve has spent trillions backing up businesses and banks by buying treasury bonds, corporate backed securities, etfs, and to back up corporate paper. That is unusual, in this particular case unprecedented. He seems to signal we are not out of this by any means. These delays in openings here as we heard new york metropolitan area, broadway doesnt do anything until at least labor day. People add up, lets push stocks down. Now there is good news though. We always want to posit that. Favorable developments on the new york state area, new york city to the point and new york area hospitalization as key level looked at closely continuing a decline has been better than two weeks. Anyway, we have David Lee Miller following all of those new yorkrelat
In washington, lets kick it off with blake. Reporter we are seeing a backtracking away from china in a couple different places across washington today. Lets start with what we first reported exclusively on foxbusiness. Com on monday evening which is that the white house part, President Trump and his top advisers wanted to see the federal Retirement Savings plan that relates the federal government workers not have any exposure whatsoever to chinese equities. There was a fund that was shifted, about 4. 5 billion into chinese equities, that was expected to go into play, the white house said they did not want that to happen wanted to answer by the end of business today, that fund responded to the white house and said that they will not be putting the nearly 5 billion worth of government Retirement Funds into a fund that has significant exposure to china. Thats a big win for President Trump in his own visors who thought not only there was a risk for the workers but a National Security risk
Ive got another one for you. 25 million of us were indeed out and about over the last two weeks and that is a big increase. Its not back to normal but we are coming out of the total lockdown. Dead on arrival. Thats the speakers 3 trillion spending plan. It would have encouraged staying at home. It would have bailed out the Postal Service. It would not have provided any Liability Protection for businesses. It was a votebuying scheme. Thats my opinion. Thank heaven its dead. Now this. Fed chair powell is speaking right now. This is the man who is in charge of printing money so whatever he says is important and it can move the markets. Edward lawrence is with us. Whats the headlines, edward . Reporter yeah, stu, the Federal Reserve chairman saying right now we are in the worst recession since world war ii. He says that this is a severe decline of Economic Activity and that job gains over the past decade have been erased. He says the coronavirus is the largest shock in history. Hes talking