Big rally bubbling up. Check out what happened to chinese tech stocks today as Congress Seems to be turning up the heat on china. Lets get to Kayla Tausche for the details. Melissa, the Holding Foreign Companies Accountable act technically applies to any nonu. S. Company listed here and it requires those companies to be subjected by the securities and Exchange Commission and if not to certify that it is not owned and controlled by a Foreign Government any company that cannot prove that would be dislisted. Here is john kennedy, the republican senator from louisiana who sponsored this bill i do not want to get into a new cold war all i want, and i think all the rest of us want is for china to mri by t play by the rules. Antichina sentiment has been gaining steam in recent years and it did not subside after the phase one trade deal was reached in january and this particular issue of transparency has gained new momentum after the fraudulent Financial Disclosures at Luckin Coffee just last
Gained 123 points, an alltime high, the s p climbs and the nasdaq climbs 1. 10 remind us why we stay in stocks for the long time. Every day were bombarded by negativity on a daily basis. This market has no real champions, despite its record shattering performance i know its hard to stick wit. Too many people come on to try to scare you just when you think the stocks have to go down for the count because of the alleged transgressions say of the sons of the father or at least Donald Trumps son, or janet yellen may say the wrong thin or because north korean missiles are pointed towards the aleutians, we get a day like today, where hopefully you can remember that sometimes things can work out for the bulls. What triggers this rally there are a variety of factors we had yellin telling you a good story of growth. We had a big dip in Interest Rates which reminds us there are higher yielding stocks that arent worth throwing away we had rumors that the president s chief economic adviser gary co