South koreas military earlier said the man went missing from a vessel near yeonpyeong island on monday, a day before he was spotted floating in the north waters of the yellow sea. They shot the man dead and burned his body. Officials said the north explained its troops fired more than ten shots as the man was trying to flee. The north also reportedly said its personnel didntt finthe mans body but burned the flotation material he used in accordance with covid19 guidelines. The north also said it would do its utmost to prevent something similar from happening again, to avoid damaging relations between pyongyang and seoul. For more insight we spoke to a doctor in seoul, a Research Fellow at the institute for north korean studies. From the standpoint of north korea, it must have realized that making the excuse that he was, and that he was for prevention of covid19 outbreak would not satisfy angry south korean public,c, so it needs to express at least a minimum amountnt of sincere apology a
Just a little bit of selling often treasuries. Crude oil is strong today, above 60 a barrel, giving a boost to some of the Oil Producers as well. In europe, we did get some disappointing ism data, but that is not doing anything to hold back markets. Stockocks euro 600 the euro 600e stoxx up. Sterling is off of its high, which was above 1. 35, after the election results. 1. 3334. The renminbi at 6. 9 nine today. Lets get to the latest on the geopolitical and mark laid implications of the phase i trade deal between the u. S. And china. Joining us is tom orlik, chief for bloomberg academics bloomberg economics. Tom i think there is a tangible sense of relief that a phase i deal is going to get over the line, and that those december tariffs are not going to go into effect. The rollback of some existing tariffs is an additional positive. At the same time, we dont have to go very far back in history to osaka over the summer or on a series or but osiris or buenos aries to remember what trade
Day of positive territory, but have subsequently rolled over. That happened mid morning, and now we are moving along the bottom. Volumes ok, not great. The stoxx 600 is down by 1 10 of 1 . Banks and airlines are down. The hong kong story front and center. That seems to be the pivotal factor for european and asian markets as people fear what could happen in hong kong. The italian 10 year yield got a little bit of a respite friday. We still have the political story rumbling along. As a result of which, yields are rising, so prices are under a little bit of pressure. Keep an eye on the politics. British pound traded near 1. 21 earlier on. Couldnt quite make it. Vonnie we are following that mounting turmoil in hong kong. Authorities canceling flights after violent protests. Announcing they are working to reschedule flights from six clock a. M. Local time from 6 00 a. M. Local time. Man. Fore us now is yvonne give us a picture. There is still a lively bunch now, but it has gone down from th
Continue to drive Growth Stocks are poised to rally ahead of what could be the feds first rate cut since the crisis. And gaming headwinds, amd delivering a revenue warning first up, apple rising on the better than expected results iphone down from a year ago and now represent less than half of quarterly revenue for the first time in about seven years. Yeah, headlines today in the papers are staggering. New york times, apple reports declining profits and stagnant growth again wall street journal quotes richard cramer, no relation. Were these people on the same call maybe they were on the rotten apple call, i was on the straight apple call. I heard a situation where you are going to if you actually think out in the out years, it is a Service Company with the best Customer Satisfaction there is and when you get an appliance of which there are about 1. 5 billion, you are beginning to take either apple cloud or the app store, the ads, i think that you will be looking at the credit card star
With a trade war truce near . President trump saying his upcoming meeting with president xi will work out for both countries. Stocks set to rally at the open new records within striking distance the s p closing out its best first half since 1998. And playing down the trade risks, nike delivering strong revenues in the Fourth Quarter, customers buying more sneakers and sports gear and china sales surging. First up, the markets. Stocks getting ready to wrap up a strong month the s p 500 on track for its best june since 1955 for the dow, best june since 1938 heading into the final session of the first half, all three major indices are up double digits year to date, led by the nasdaq with a 20 gain europe is higher this morning, hopes are building for g20. You hear superlatives like that, best june in decades, is that a bullish thing . I think it is net bullish the duration, the strength of the recovery, im looking at this on a ninemonth scale, okay the Fourth Quarter was one of the worst