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Jackie deangelis in the newsroom and Edward Lawrence in washington. Lets kick it off with jackie on todays market rally. Jackie. Reporter good afternoon, melissa. Stocks were slightly higher on the blowout retail sales report in may, an increase of 17. 7 , the biggest monthly increase. Aprils sharp decline was revised lower this is good news as states are reopening and economy is getting up and running, there does appear to be a lot of pentup demand from folks not shopping while they were unlockdown orders but buyer beware. As you said in beijing, another lockdown after a cloughster of new coronavirus cases showing reopening may not be as easy as everyone is hoping it will be. Meanwhile stimulus hopes are helping stocks too. Reports considering the Trump Administration is considering a one trillion dollar infrastructure plan to help the conry recover. The money is expe ....
Which is just outside of shenzhen. We had a sitdown interview with a key executive. I would say that there is a huge misunderstanding about the type of company that huawei is. Huawei is privatelyowned company. There is no real connection to the state in china. We are part of that thriving private business. That is probably the fundamentally the biggest misunderstanding. Connell there is no connection between huawei and the Chinese Government, no direct connection. There is no direct connection. There is no ownership. Connell take it straight to todays panel, joined by adam lashinsky, fortune executive editor. Fox business contributor. Steve moore with us, economist at heritage, senior mick advisor to the trump campaign. Good to see you from main Mainland China this evening or early tuesday morning. Adam, start with the huawei question. It was interesting for lack of a bet ....
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