Under water after some of the heaviest monsoon rains in decades but a 1000000 people are seeking Higher Ground with river set to rise further. President donald trump strips hong kong of the special trading status hardening the u. S. Stance on china for its clampdown on human rights that. An exhibition tennis tournament here opens its doors to spectators for the Laboratory Safety protections the 1st major sporting event in germany to welcome back fans. Welcome to the program the Irish Government and apple have won their appeal against a 2060 e. U. Decision that sat. To pay the Irish Government certain buildings heroes and back taxes money that island didnt even walled so i took the case to europes 2nd highest cost of a long denied that its tax origins with apple amounted to illegal state aid the European Commission is expected to appeal the ruling to the European Court of justice and. Earlier this year then irish Prime Minister lavrov Current Apple chief executive tim cook had an annive
A blow to e. U. Efforts to crack down on sweetheart tax deals for big business. And a 3rd of bangladesh is under water after some of the heaviest monsoon rains in decades and rivers are said to rise even further. As welcome to the program us President Donald Trump signed an executive order ending Hong Kong Special trading privileges he also announced sanctions against officials and banks involved in beijings crackdown on Civil Liberties in the territory china has condemned the decision and says it will retaliate sanctions on u. S. Citizens and other escalation of tensions between the u. S. And china. Trump took actions against china in retaliation for its recent moves on hong kong he authorized sanctions on banks and officials involved in imposing a tough new security law that effectively terminates the semi autonomous territories unique status the u. S. Move comes to weeks after beijing pass a new law that many say represses fundamental democratic freedoms in the city the law prohibit
The market in one direction or the other. As of yesterdays close the s p 500 had rallied 865 point off of its lows on march 23. 251 of those have come from five names. That equates to 29 of the gains we have seen in the equity markets and it underscores the fact the market is held hostage by the performance of the make cap companies. It carries us along the upside but also carries a risk on the downside. Tech is nottoday down as much as some others are down. What is going on with bonds and gold . Kailey we are seeing the classic risk off trade, the dollar is stronger and seen as a safe haven asset, and you are seeing a bid into treasuries. The 10 year yield is down four basis points. Coming slightly weaker, off the highest since 2011, a little bit of profit taking. The more interesting commodity is copper. Dr. Copper usually very sensitive to the Economic Growth story. It is higher today as well. That is a mystery. David that is a mystery. Thank you to kailey leinz for that report on t
Good but still will not accept they should be law. Asia is set to follow wall street higher as investors weigh theirdevelopments against cases. The s p climbed for a Third Straight day. Shery lets get you started with breaking news south korea. We are seeing inflation rising faster than expected. Both the month on month and year on year figures now escaping that disinflationary territory. Month on month inflation rising 0. 2 and 18 expectations. The expectation was for no change, also coming out of three months of decelerating prices. When it comes to the year on your numbers, the inflation remaining flat. The expectation was for prices to contract, and its also coming after falling into disinflation for the First Time Since september. Core prices your near rising 0. 6 , which is a faster gain than was expected as well. We have seen a little bit more demand coming from china. The export slump in south korea also easing for the month of june, not to mention exports to china in fact rose
Hong kong and tokyo reporting record tallies. And singapore heads to the polls for an election overshadowed by the pandemic. Voters will be asked to wear disposable gloves at the ballot box. How marketscheck of are trading. U. S. Futures plan at the moment, after a mixed finish in the new york session. The s p 500 and the dow fell. Viruse news of resurgence, not to mention to tensionsnot to mention escalating with china. Financial shares drag to the index. Dragged the index. The Energy Sector was down for a third consecutive session with the worst three days in about a month. Take a look at what oil is doing, because we are seeing it continue to dip slightly and below the 40 a barrel level. Key libyans that a oil field resumed production, threatening more barrels into the oversupplied market. Lets see how things are shaping up for the asian markets. Could beppetite fitting this friday with asian stocks mostly lower. This has we are seeing violence concerns virus concerns you raised in