On theinue to see a bid bond market. We are where we have been for a while now. Trading in a relatively high range. Earlier we got down to the bottom of that range. We are 60 to 75 in terms of the range we are seeing. What have we got coming up . We are going to carry on this conversation regarding the virus as well and what is happening in texas. We are going to be talking to associationscal covid19 task force had. Looking forward to that. I want to pick up on something you were talking about on how to europe is starting to outperform. Metcalfe, have we learned anything right now . Yields lower in the u. S. Bond markets. Europe by 1 . What does that tell you . Michael you might argue that markets have been blind to some of the data we have had. Equitieshe fact that have held in and done exceptionally well over the last few months in spite of what has been and will be the worst economic downturn we have seen, i think that is impressive. What we are learning is liquidity is sufficient.
Have deputy secretary of state Steven Biegun here to testify. Originally planned to hold this hearing back in march but the need to focus on covid19 prevented us from doing that even as we continue to address the pandemic and the impact on the u. S. Citizens. It is important this can many continue it to work on the most pressing Foreign Policy challenges and obviously chinas one of those. This is especially the case and the topic we are discussing today is a Trump Administration is correctly recognized china as a strategic and global pedant competitor of the United States it will be the greatest foreignpolicy challenge in the decades to come. The policies of the Chinese Communist partys undermined u. S. Interests and values including those we share with allies and partners around the world. Covid19 has brought this challenge to the fore front of american lyford we now know just how much the Chinese Communist partys decisions and actions directly affect u. S. Citizens, our allies and pa
Focusing on covidien team prevented us from doing that even as we continue to address the pandemic and its impact on us citizens it is important we continue the work on most pressing foreignpolicys challenges in china is one of those especially the case with today is the Trump Administration has recognized china is a strategic and global competitor to the United States will be the greatest form policy challenge United States bases in the decades to come the policy of the Chinese Communist party undermine us interest and values including those we share with allies and partners around the world t t. Covid19 has brought this challenge to the forefront of American Life to know just how much the Chinese Communist partys decisions and actions directly affect us citizens our allies and partners in the entire world and we know the pandemic will not stop their behavior whether hong kong the South China Sea or the border the last three years the Trump Administration has tried to put the United S
S p 500 higher. Groups leading gains include stayathome stocks, consumer services. Oil after inventory close to 41 per barrel, big drawdown way more than anticipated. The 10 year yield up. The dollar index continues to weaken. Plenty of strength in euro. We will talk Canadian Dollar in 10 of 1 after the decision from the central bank. Ministers agreed to boost oil output. This will be offset by members that did not fulfill commitments in june, such as iraq and nigeria. The saudi minister sees a ceiling. Ellen, this was the deal agreed to by members. Will that have any impact on members for those countries so dependent on china . Ellen that is a huge question. According to the saudi oil minister, not a single barrel will be exported extra in august compared to july. He perceives saudi arabia will consume extra barrels produced domestically and while the price people in saudi arabia pay for oil cost has gone up recently, it is not merely what the saudi government would get if they were s
A president ial runoff that could shake up the countrys politics and affect ties with its neighbors. Millions of syrias displaced people will now have only one Turkish Border crossing through which to receive aid thats after several attempts to keep a 2nd crossing open failed to pass at the Un Security Council russia backed by china had been pushing to shut down one of 2 Border Crossings that was still open our diplomatic editor james bays reports from u. N. Headquarters in new york a Security Council resolution on delivery of aid into syria is finally passed the result of the voting is as follows 12 votes in favor. No votes against. And 3 abstentions but this was not what 13 out of 15 Council Members wanted only one Border Crossing bubble how one can now be used to deliver aid off to china and russia use their veto power in recent days to block other options so this resolution is not what the United States and a majority of the council fought for and it is certainly far short of what