Geostrategic challenge with the rise of china poses for the United States, not just today but in the future. The communist party led people were public of china through unfair trade practices, intellectual property theft, market manipulation and very prominently, in my view, nonreciprocal treatment, not just in the economic round but in many realms i has been a fore in the Global Economy that undercuts the resiliency and strength of the u. S. Economy. China has been one of the worlds fastestgrowing economies averaging close to 10 growth from 19792015. In 2014 china overtook the United States ass the Worlds Largest economy purchasing power parity basis according to the International Monetary fund. I believe that there is a strong eipartisan interest hopefully we will see that today in establishing a longterm economic United States strategy with our allies that focuses on reciprocity, intellectual property theft, and ultimately, from the United States perspective out competing the chines
Barrons virtual round table, ben, weve been talking for weeks about how the market is rallying, seeming to ignore the horrible economic news. But this past week investors seemed to notice. Yeah. This was the week that we learned big tech cant hold the market up forever. For a while now, the datas been terrible, but the markets just kept going up on the backs of apple and amazon and microsoft, stocks like that. But this week began with rising tensions for china, and that should really hurt these stocks. When they started to fall, so did the rest of the market. And this week weve been getting some really, really bad data. If you look at the jobless claims, another 2. 6 million or so. Retail sales were awful. Those were released on friday. And Industrial Production is terrible. Just really terrible news thats coming out. And investors are really getting on edge over whether congress is going to be able to come together and deliver more stimulus to this market. Jack interesting crosscurren
Its important to tell a story. He survived an tactic the cost him to devote his life as a bomb tech. Others serving eight years in activeduty, retired step sergeant such as the food came pain to serve veterans pretty for alongside on capitol hill and policy and House Veteran Affairs committee and the department of defense. And if in fact, you may have even seen him in a movie lincoln. Memorial day, is a day of reverence for any and celebrating the fact that they were americans. Dan was for golf professional and founder a Nonprofit Organization that is it more than 125 million of scholarships. The families of disabled or fallen warriors. Dan has included three tours of duty continues to serve at the base at the three and a first fire tears squadron. He won the call of Service Award and distinguished metal and iraqis freedom metal. Hes the author of the upcoming book, how to harness and faith on your assent to direct great its pretty. Kim hook or hot water, we were going to avenge and ma
Coming through in bonds with yields climbing. Up by six basis points. Weakness coming through in the offshore yuan. We saw it weakening yesterday and we are watching moves coming into the Singapore Dollar that has fallen the most in the month against the u. S. Dollar. Generally broad strength coming through. Market falling to the lowest levels. Rishaad lets have a look at the hong kong executives response to the weekends of violence on the territory streets. Su keenan for the first word news. Hong kong chief executive carrie lam has appealed for an end to apps of vandalism acts of vandalism after some targeted subway stations over the weekend. She said the government is continuing to work on a platform for dialogue with the public in order to resolve tensions in society and said there was no need for interference in hong kongs internal issues. Treasury secretary Steven Mnuchin says the u. S. And china have made a lot of progress ahead of renewed trade talks next month, adding that the
Childhood Arrivals Program or what is called daca was announce pd by president obama in 2012. Hundreds of thousands of young people brought to this country as children were at risk of being deported. They didnt take the action to come. Their parents took the action to come and bring them. President obamas executive order temporarily protected these undocumented young people from deportation. Daca also provides the opportunity to obtain work permits that has made it possible for many young daca beneficiaries to enroll in college. If congress doesnt act now and pass a law, President Trumps decision to terminate this program will have devastating consequences for the nearly 800,000 families across the United States, particularly those in california. This decision to end daca without first ensuring that young people have Legal Protection is why we are demanding a vote on the dream act as soon as possible. Daca recipients certainly deserve now, not six months from now. These young people tr