That once had the crisis under control and now under pressure. Americas top Infectious Disease expert dr anthony prepares to testify before congress on the countrys coronavirus response. Muslims around the world celebrate. With many under strict coronavirus restrictions. Over the sports including. Was. Returns with social justice high on its teams and officials meal in an anti racism protest. From the bron james later this hour. Welcome to the news hour we begin in hong kong where an ongoing political crisis is deepening the citys leader has invoked emergency laws to postpone septembers a legislative election by a full year terry cited coronavirus as the reason for the delay she also said it will be up to beijing to decide how to fill a vacuum in the citys legislature lets show caused by the delay it comes after beijing impose a Controversial National security law on hong kong a major blow to the citys pro democracy movement. The announcement i have to make today is the most difficult
Is a second percentile move going back to 73. Look, if youre a stock guy, youre thrilled because we are so tired of hearing on a Constant Currency basis. This time it could be very big earnings for a lot of Companies Overseas and Procter Gamble and really, really well in this environment. J j does really well the gold run is a combination of Central Banks printing money and also a pest misimistic view on is going to happen with covid we try ceos who are very excited about their vaccine the more people say this is going to end and at the same time we have a huge spring board because of all the money being printed. Things will be good. David, ive never seen a moment where you have a coiled spring if good news happens, but if you dont get a vaccine, just get ready for another one of these things in a couple months. Well, i mean, were looking right now at the board there were showing moderna and the progress, jim, that they have made towards a vaccine the news this morning, of course, is t
China, the u. S. Rejecting chinas claims to the South China Sea. China than sanctioning u. S. Officials like ted cruz and marco rubio. U. S. Futures are pointing higher. We are also looking at what is going on with the virus as well as states like california reversing its reopening plans. U. S. Tenyear year, bonds up. U. S. Tenyear. We saw the dollar gaining a bit of steam against the yen, but seems like we are reversing some of that. Lets look at the boards and watch were Chinese Markets are going to see any reaction to the trade figures. We saw a bit of a pause in the risk rally when it comes to mainland equities, after we are seeing equities inching toward that 10 trillion milestone. Flip the boards and see what is going on there. Smallcap, those rose to follow five year highs. We have basically been flat the last 30 minutes of trade. Shenzhen stocks have been on fire. Hang seng down 184 points right now. Also with the city introducing the toughest virus measures since the pandemic
At 4. 8 , premuch in line with expectations. 1. 8 , worse than expected. Retail sales are the weakest link in the recovering story in china. Than what the market was expecting. Property investment year to date coming in pretty much at 1. 9 . Versus an estimate of 1 . We also have the jobless rate coming in a tad better at 5. 7 versus 5. 9 . Which was expected by the market. Overall when you look at the economy, it looks like it is adding to signs the economy is picking up momentum. China probably will be reflecting in the rest of the world. Yvonne one of the key disappointments is still the consumption side with retail side still amiss in a negative fringe for a fourth straight months of 120 . About theuestions back half of the year. But the gdp is still the stand out. Take a look at the adjusted quarter on quarter. We are talking double digit growth of 11. 5 . The highest quarter on quarter at least nine years for china. This is how we are seeing things play out in the markets. Seeing
Their abandoning demands for self rule. Im joining us now with the sports including a shutout a Major League Baseball fan now the Miami Marlins have Upcoming Games to his pint as the team battles occur in a Virus Outbreak. All countries and cities in asia are praised for effectively tackling the coronavirus pandemic are now raising alarms over new infections its just after chen 10 g. M. T. Were tracking the covert 1000. 00 hotspots around the world vietnam says every city in provinces now with the risk of an outbreak of to being virus free for months while hong kongs leaders also warning the city is on the verge of a large scale outbreak and the Hospital System is at risk of collapsing. I mean while a new report in india says more than half of the people in mumbais slums of had coronavirus about 40 percent of the citys population lives in shanties in the u. K. The governments under pressure for discharging thousands of patients from hospitals into care homes without testing them some m