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
The economy we see an improvement. French and italian manufacturing also pick up in july however concerns still loom of a second wave and President Trump reportedly gives china 45 days to celtsel sell tiktok to microsoft after the white house bans it over security concerns. Happy monday. We already heard the numbers out of italy and france as well as germany and now got the euro zone overall number. That is significantly better than 51. 1. The final manufacturing employment pmi has come in at 42. 9 so better than the flash estimate and better than the june figures still in contraction territory. So firmly in expansion territory. Now i mentioned that we have a few of the individual country numbers that already came through. In france they recovered showing the expansion at 52. 4 points this was higher than 52 points they expanded for the second month in a row rebounding from the plunge triggered by lock downs in the spring. German Manufacturing Activity saw the first expansion since 201
The moon right now. We will do that in a moment. But it is allencompassing, this political battle in washington. I am just going to go to the round number. How do you explain to 30 million americans that there is not a check in the mail . Jonathan you cant, and that is the problem. Insurance. Employment payrolls friday, the unpredictable print, and i think the most unpredictable in quite a while. Lisa politically, it makes no sense not to extend the enhanced lemon benefits, and yet they are still negotiating. They have already expire. What i am watching is how big the deficit is going to get area the u. S. Treasury department is going to be laying out there barring plan deficit is going to get. U. S. Treasury department is going to be laying out there borrowing plan. Watchingso going to be President Trump. Sorry, i am going to talk about tiktok. Hes going to give guidance on u. S. Ate of tiktoks operations. It is not enough to offload the u. S. Operations. President trump is also the c
Witnesses and audience members. Thank you everyone for joining with us today as we all bear up under covid19 and address technologically to coming together. We will begin with Opening Statements by myself and the Ranking Member. Follow the by testimony from our witnesses and the opportunity for each member to ask questions. We will dispense of our practice of observing givens rule and instead go to go in order of seniority for questions. Alternating between minority and majority. Members will be responsible for muting and unmuting themselves throughout the proceedings. I thank you all for your patience as we navigate this new technology in order to continue serving our country in this great time of need. With that, i would like to again welcome everybody to the ways and means social subcommittee virtual hearing on the impact of covid19 on Social Security and its beneficiaries. Again, let me add my thanks to the member and of course our witnesses who have joined us today at the ways an
Back to the office. Jonathan ferro, Lisa Abramowicz and tom keene. Justews flow this morning in this hour is extraordinary. We are going to take time with david coston on the equity markets. Just importantly, lagarde at the bottom of the hour. Ecbthan we will hear from president Christine Lagarde. The struggle continues to get a clean read on the u. S. Economy. Tom it is two worlds. Its about finance and Morgan Stanley and great. What its really about is we really lose perspective on the tangible hardship thats out there. Lisa we are going to get a sense of that with the churn in the unemployment numbers. We are expecting a decline in total filings. Are we seeing a significant number of increases in areas hit harder by the virus . Futures 22. 28. 82 the center tendency. Yesterday we spoke with Michael Holland with decades of experience. Is with Goldman Sachs. Just as importantly, what not to own. What do i not want to own right now . You want to avoid are companies that have a shorter