Sunday the election had record turnout following 6 months of protests that rocked the island now while those who support the protests not stay when not everyone is on board china daily published an editorial monday stating the results of sundays District Council d election marks a setback for hong kongs Democratic Development as the results were skewed by the illegal activities of the opposition camp to the benefit their candidates in the run up to sundays voting members of the opposition camp particularly their young agitator is engaged in an all out campaign to sabotage the Campaign Activities of pro establishment candidates and intimidate their supporters from going to the ballot box now kristie theres a lot going on here but what is the significance of those big wins for the pan democrats in hong kong you know economically and otherwise this is actually quite significant because as the markets look at this was a reading of barometric reading on the overall sentiment in hong kong an
And landmark series. I am Karen Taylor Program director of the general society. The lectures are supported in part by public friends one funds in partnership with the city council. For those of you less familiar with the society how many of you here this is your first visit . s a warm welcome and of course welcome back to previous attendees. Founded in 1785 by 22 artisans today 234 yearold organization continues to serve the people of new york does this through the cultural and Educational Programs that includes our lecture series that tonight is part of our tuition free Mechanics Institute and the collection you are welcome to visit after our talk this evening and thats upstairs. More information on the cards on your seats we have a wonderful start to this years lecture series and we have the pleasure of welcoming critically acclaimed biographer susan ronald who will discuss her biography of conde nast the publishing legend and other publications i would also mention you have an oppor
A lot going on here but what is the significance of those big wins for the pan democrats in hong kong you know economically and otherwise this is actually quite significant because as the markets look at this was a reading of barometric reading on the overall sentiment in hong kong and how how the people really felt because Mainland China was actually quite surprised by this turn out they were actually completely surprised and blindsided because they thought that the opposition would not be as strong as they all are and react as strongly as they did because as you said this was a record turnout over 70 percent of the voters actually turned out and not to mention this is for some of the least powerful positions on the council there pretty much response for anything relating to like garbage pickup to street cleaning to Like Community labor so these are not the primary elections so its surprising that so many people turned out to vote for elections that werent at the sentiment stage and y
A very important deal i guess you could say one of the most important deals in trade ever. Its going very well but at the same time we want to see it go well and. I think it will think that president xi can make that happen and i know him and i know hed like to make it happen Chinas Ministry of commerce also commented on the call between private. And u. S. Trade representative robert litan hisor and treasury secretary Steven Nugent saying the 2 sides had reached a consensus on how to resolve some key issues and would continue to work in to come to terms on an eventual deal in hong kong the pan democrats scored big victories as they won nearly 90 percent of the 452 District Council seats in elections held sunday the election had record turnout following 6 months of protests that rock to the island now while those who support the protests not stay when not everyone is on board china. Daily published an editorial monday stating the results of sundays District Council d election marks a se
Yesterday, but again we were talking about Massive Gains not just through the month of july but year to date as well well continue to keep an eye on this if youre watching treasury yields, this is where you would anticipate seeing moves if there were a downgrade if people were afraid of rushing into this. But it turns out u. S. Treasuries are still a safe haven and why the yields are still a bit lower. The 2year note trading at 4. 86 . Of course, all that related to what were seeing. Talk about the downgrade because it is our top story. Theyre citing what theyre calling an erosion of governance Emily Wilkins joining us now good morning to you. Good morning, andrew. Yes, shocking news yesterday at least for some of those in the Biden Administration seeing that downgrade in the u. S. Credit ratings from a aaa to a aplus this is only the second time the u. S. Credit rating has been downgraded like this treasury secretary janet yellen is quickly depending the Biden Administration she says