Sec. Pompeo good morning, everyone. This morning, early, i had the chance to drive through arlington cemetery. As we approach memorial day weekend, i want to reflect on the sacrifices of our uniformed military who have given their lives for the cause of freedom. As a veteran, i spend all my days working to use diplomatic power to secure freedom without putting Service Members in harms way. And i want to thank the family members who have lost loved ones in their service to our country. From lexington to valley forge to all the other fields of battle, i would like to thank them. I want to begin with a few observations on china. Because the medias focused on the current pandemic, it risks missing the Bigger Picture of the challenges presented by the Chinese Communist party. China has been ruled by a brutal authoritarian regime, a communist regime, since 1949. For several decades, we thought the regime would become more like us through trade, scientific exchange, diplomatic outreach. It di
Military who have given their lives for the cause of freedom. As a veteran, i spend all my days working to use diplomatic power to secure freedom without putting Service Members in harms way. And i want to thank the family members who have lost loved ones in their service to our country. From lexington to valley forge to all the other fields of battle, i would like to thank them. I want to begin with a few observations on china. Because the medias focused on the current pandemic, it risks missing the Bigger Picture of the challenges presented by the Chinese Communist party. China has because the medias focused on the current pandemic, it risks missing the Bigger Picture of the challenges presented by the Chinese Communist party. China has been ruled by a brutal authoritarian regime, a communist regime, since 1949. We greatly underestimated the degree to which beijing is ideologically hostile to free nations. The whole world is waking up to that fact. A few reported this past week that
America. President trump versus twitter, social media giant factchecking the president s tweets but President Trump is fighting back accusing twitter of election interference and stifling free speech, House Republicans are suing Speaker Nancy Pelosi, looking to end proxy voting and forcing members to appear in person. One giant leap for spacex today, elon musk looks to make mystery launching astronauts from florida to the International Space station later today and the nhl taking a shot skipping regular season going directly to playoffs. Martha stewart will join me at 8 30 a. M. Eastern, mornings with maria is live right now. Global markets are higher, take a look at indices, cac quarante is up 87 and dax index in germany higher by 208 points. In europe green across the board as investors look toward stimulus package in the euro zone, reported kristin lagard the u. S. Economy will shrink due to pandemic. Markets were mixed, tensions rise in hong kong, as you can see the hang seng down
Opecs cuts may be draining the glut. The bank of japan prepares for unscheduled talks as the coronavirus keeps extra pressure on the economy. Help for Small Business tops the agenda. Downside are seeing a start to trading on this final friday session of the week. Overwhelmingly, the concern over these escalating tensions between washington and beijing, and now also, beijings expected move to impose the National Security law on hong kong and we are watching, in particular, the start of mainland trading as well as hong kong trading and trading in the hong kong dollar but in the meantime, we are seeing a downside view when it comes to nikkei futures as well as kospi. Sydney futures looking to extend losses of. 4 in the previous session although we could expect to see some modest gains when it comes to the Energy Sector given the gains and that story when it comes to the continued rally in oil prices. We are also watching trading in new zealand. We had retail Sales Numbers out in the last
Folks theally shows weekend that we go into, it is midmay. I believe the calendar says its may 15. Part of that debate is the tension about june being upon us and even beginning to consider july. What i notice in my friday reading is that there is, including mr. Macron, there is this huge attention about this pandemic forward. Francine it certainly is and how you distribute all the medication. Lets get straight to the bloomberg first word news. Bless you, tom. Good morning, francine, tom. China denying it try to cover up details of the coronavirus outbreak. Beijing says it did not know until january 19 how infectious the new disease was. China says they release that information the next day. Chinese the federal government is out with new guidance on how to reopen bars, restaurants, and workplaces. Of cdc has outlined a number steps, among them, including social distancing, and how to tect coronavirus cases. Germany has ended a historic recession with its biggest month in over a decade