A recent upturn in violence in chicago. Its not too late if we can act now new fears of famine in yemen where the u. N. Says its seeing alarming levels of Food Insecurity. The selfconfessed middleman in the murder of a maltese journalist is found with severe knife wounds just hours before he was due to give evidence in court. And only well into the sports news as the tensions between china the u. S. And britain spill into the sporting arena chinas state broadcaster has announced that it will stop showing English Premier League matches. We begin the news hour with a dramatic escalation in the growing tensions between the United States and china the u. S. Government has ordered beijing to close its consulate in Houston Texas saying its to protect American Intellectual property a spokesman for the Chinese Foreign ministry has denied media reports that staff had been burning documents inside the building and accuse the u. S. Of violating International Law china is threatening to close the
President trump says is the point hundreds of federal agents after a recent upturn in violence in chicago plus. Its not too late if we can acknowledge new fears of famine in yemen where the u. N. Says its seeing alarming levels of Food Insecurity. And protesters keep up the pressure on israels Prime Minister to quit over corruption and his handling of the coronavirus. Hello welcome to the program theres been a dramatic escalation in tension between the United States and china the u. S. Government has ordered beijing to close its called soulish in Houston Texas saying its to protect American Intellectual property a spokesman for the Chinese Foreign ministry has denied media reports that staff had been burning documents inside the building and accuse the u. S. Of violating International Law chinas threatening to close the american consulate in one in response its also warned the Chinese Students in the u. S. To be on guard for what it calls arbitrary interrogations. Sure on july 21st the
Present arms. Ladies and gentlemen, the president of the United States and mrs. Trump. [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] ladies and gentlemen, the National Anthem of australia followed by the National Anthem of the United States. [background sounds] [background sounds] thank you. Prime minister morrison, mrs. Morrison, members of the australian delegation, and distinguished guests, today we celebrate the long cherished and unwavering friendship between the United States and australia. The first lady and i are honored to welcome you and jennifer to the white house and we look forward to hosting you for a state dinner tonight in the rose garden. It will be quite something. The unbreakable bond between america and australia is rooted in eternal ties of history, culture, and tradition. Last year our nations commemorated 100 years of mateship since our Gallant Service members fought together in world war i. Today we vowed to
Of that. Marriott and hilton is down on a downgrade. The 10 year yield is backup to 2. 06 before the powell testimony tomorrow and plenty of fed speakers today and later in the week. Guy absolutely a firm focus on the fed. European stocks are down again. Stoxx 600 down by 1 . Cable is breaking lower again today. The reason for that the politics, probably more importantly core retail data out of the u. K. Today ahead of gdp tomorrow. Looks like the u. K. Economy hit a brick wall in the second quarter. The market is pricing and more rate cuts from the bank of england. By anothernk down 2. 32 . It was a little worse earlier on. It rallied a little bit, but down hard since that plan was announced. Vonnie fed chair Jerome Powell delivering the opening remarks on the recent Bank Stress Tests at the boston fed conference earlier today. His remarks come a day before his today testimony to congress, with investors expecting powell to pave the way for a socalled insurance cut. Here to discuss no
Index. The 10 year yield bouncing around a little bit, still at 2. 05 , little higher than the last few days. Guy fed chair Jerome Powell before up to testify Congress Tomorrow as the white house keeps up pressure on the central bank to cut rates. We are joined by pimco Portfolio Manager and sovereign credit analyst. Good afternoon. Would you buy or sell the u. S. Tenyear into the powell testimony . What does he have to do to move the needle . Guest we think powell will roughly compare market roughly confirm Market Pricing. The fed has sort of painted itself into a corner and shifted in a dovish direction, so if they do not cut, the market will be disappointed, financial conditions will tighten. The macro data is not really warranting a cut come about the same time, manufacturing is very weak in the fed knows that a hawkish mistake is much harder to reverse than a dovish mistake. So for Risk Management insurance region for Risk Management assurance reasons, we believe they will cut. Lo