Commerce Department Released a new rule on tuesday that will allow American Companies to collaborate with wall way on setting standards for next generation technologies essentially what this means is the new rule will amanda wall way entity listing and it will allow certain technologies to be released to walk away and its affiliates if it contributes quote to the revision or development of a standard in a Standards Organization will the u. S. Added why wait to its entity list in may of 2019 this was over National Security concerns a claim that wall way has repeatedly denied but in an interview with fox business commerce secretary wilbur ross clarified that this new rule is not to help wall way but simply to quote help make sure we have ubiquity in 5 g. Adding the change is really simply a clarification it isnt that were doing something to help all way what were doing is something to make it easier for Global Standards to be symmetrical. Ross reiterated National Security concerns remain
Theyre all moving lower put on the positive side, a report that china will accelerate agriculture purchases from the u. S. Which could deescalate some trade tensions and were set for a particularly volatile final hour of trade this is the s p 500s first major options and futures rebalancing day of the year. We have 59 minutes left. Were down just over. 5 sara coming up on todays show, pressure mounting on apple over the treatment of App Developers weeshgs going to speak with Roger Mcnamee ahead of the Developers Conference plus, david kenny holds not only the companys ceo title but also the chief diversity officer. Hell discuss neilsens recognition of juneteenth and how they can push for more diversity in the workforce and can figure out a way to measure it as well lets get straight to the market another volatile session to close out the week on wall street one that is headed for another upweek mike santoli is tracking the down action weve seen this afternoon. Yeah. A little fatigue th
Positive impact on very sicko individual patients. And of course, jim, we had the announcement today that the fed will begin buying individual Corporate Bonds, not just the etfs that hold those bonds but the actual bonds themselves. That certainly helped. Whats your take this morning . Well, look, i think each one of these can be debunked took this drug for two months. It was okay. I switched to prednisone suddenly we discovered this was a big breakthrough what were the doctors doing . Did all of the doctors get it wrong . Did they realize it was not swelling around the body and just focused on the lungs. Its like, okay, idiots honestly, i love the doctors, theyre great. But come on, how did they miss this and look, david, the gunners all want the stocks to go higher, right . And the fed is buying bonds that we would normally i mean, maybe the fed buys hertz bonds and takes them up to the point where maybe hertz is good. I dont know, david. Theres a lot of people saying talk pony. The
To the revision or development of a standard in a Standards Organization will the u. S. Added waterway to its entity list in may of 2019 this was over National Security concerns a claim that wall way has repeatedly denied but in an interview with fox business commerce secretary will ross clarified that this new rule is not to help wall way but simply to quote help make sure we have ubiquity in 5 g. Adding the change is really simply a clarification it isnt that were doing something to help all way what were doing is something to make it easier for Global Standards to be symmetrical ross reiterated National Security concerns remain over while these 5 g. And said that spying is a very real issue will the rule is scheduled to be formally published this thursday. For more we are joined by a host of Economic Data and author of understanding socialism professor Richard Wolfe professor as always thank you for being with us today. Lets start with the shares in Chinese Telecom companies that ha
Socialism professor Richard Wolfe professor as always thank you for being with us today lets start with the shares in Chinese Telecom companies that have jumped following these loosened sanctions as i just mentioned u. S. Secretary of commerce will be while we remains a Serious National Security concern but is this the start of the u. S. Essential e backing down. Absolutely if this is a should leave the United States widely expected for some time and as a response not only to pressure from American Companies that want to walk away and rely on business with. Initial pressure from all the countries germany is a prime example that have already embedded while way. Which is among the best in the world i mean a little dish in the long run jus wont be ready as better chips will go to the United States. In telecommunications and this is the recognition that the chinese really already completed or you believe the highest level and yes its. Because you become too expensive for the United States