U. S. Took preemptive action in terms of export controls for the city. Yvonne the one thing the chief executive has said is u. S. Sanctions will not scare us. That is the latest response from carrie lam. Given what weve heard from the u. S. Recently when sanctioned chinese officials over the security law, and also now as you mentioned, paring back trading benefits that hong kong has enjoyed with the u. S. As well. The market seems to be overshadowed by better data. Pretty early when it comes to pmi data in china that came out at the top of the hour. It seems like at this point its really about the fundamentals more than the politics that is driving this rebound we are seeing in risk assets today. Look at the asiapacific benchmark, up 1 . Set for the best quarter since 2009. Still, asian stocks have not really recouped most of the losses we saw in the First Quarter, but certainly u. S. Futures pointing positive as well. The hang seng still up 194 points despite what we have been hearing
Businesses are failing, tourism has collapsed and confidence is shot. Beijing is expected to confirm the new security laws for hong kong later on tuesday after imposing visa bans on americans it says are interfering. Shery lets get you started with a quick check of the markets. We are seeing u. S. Futures flat at the open. We had a rally in the regular session with u. S. Stocks surging. The s p 500 erasing its june declines. All 11 sectors in the s p 500 closed higher, being led by industrial, communication stocks. We had some positive Economic Data. Pending home sales posting a record game, offsetting concerns of the virus resurgence over some states in the u. S. Including florida and new jersey. We have the dollar also closing around the four week high. Take a look at what would liz doing. Under a little bit of pressure but still above 39 a barrel. Oil rebounding from the weekly loss as we got better than expected Economic Data. We are still seeing a bit of a bearish picture in the o
Another wave on the sanctions that hit everyone else. Very well welcome to you youre watching r. T. International with me mccarren our top story this hour russia has a brand new government comes in the wake of last weeks resignation of the old one as it made way for recently proposed constitutional changes in the last hour the new cabinet was approved by president putin. Producer which was congratulations on your appointment to the government and i believe this will be a very serious challenge in your lives but at the same time it will be a very interesting journey and wish you all success the whole country is behind you the previoUs Government created a Proper Foundation for further development and growth we should use this foundation and embrace our potential to achieve national goals. Find out more about the new line up now in class live to our correspondent goes down our vehicle good to see you could you run us through the changes to the cabinet please well sure the russian preside
As i will welcome you watching r. T. International with me. Now russia has a brand new government comes in the wake of last weeks resignation of the old one as it made way for recently proposed constitutional changes and the last hour the new cabinet was approved by president. Bush who was congratulations on your appointment to the government i believe this will be a very serious challenge in your life but at the same time it was a very interesting journey which i wish you all success the whole country is behind you previoUs Government created the foundation for the legitimate right we should have used this foundation and the potential to achieve. Russias president Vladimir Putin met with the Prime Minister of the new Prime Minister. And the faces of the new government were unveiled to the russian. Public and the rest of the world now everybody was speculating as to how big the changes are going to be and i have to say they have been quite a while sizable of the acquired significance o
A very warm welcome to you youre watching r. T. International with me karen now our top story russia has a brand new government comes in the wake of last weeks resignation of the old one as it made way for recently proposed constitutional changes in the last hour the new cabinet was approved by president putin. Rituals congratulations on your appointment to the government and i believe this will be a very serious challenge in your lives but at the same time it will be a very interesting journey i wish you all success the whole country is behind you previoUs Government created a Proper Foundation for further development in growth we should use this foundation and embrace our potential to achieve national go russias president Vladimir Putin met with the Prime Minister of the new Prime Minister. And the faces of the new government were unveiled to the russian public and the rest of the world now everybody was speculating as to how big the changes are going to be and i have to say they hav