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Order ending preferential trt for hong kong and said he would sanction chinese officials responsible for crackdown on political dissent. He has taken this opportunity to attack everything from what he calls the china virus, the who, and his democratic rival joe biden. Of course, he has taken the chance to really talk up market gains we have seen recently. Absolutely, and talking about the prospects to get a vaccine in the u. S. And what he says will be record time. A pretty wide range of issues being focused about by the president. We will continue to dip back in as we get lines, but lets get some context. Mario, a pretty wideranging array of topics being addressed by the president. It is really just to the drumbeat of escalating tensions and tit for tats we are seeing between washington and beijing. Absolutely. You described it perfectly. Months, the Trump Administration has been pantomiming that he is going to be tougher o ....
President trump urged his former secretary of state to help the clients of lawyer rudy giuliani. Syria. Of airstrikes in u. S. Senators lead the growing criticism threatening sanctions in response. Shery lets get you started with a quick check of markets appeared u. S. Futures being pressured right now, down 1. 2 after that South China Morning Post report that there was no progress made between deputy level talks between the u. S. And china. We have seen stocks pair back some of those earlier gains in the regular session in the afternoon as we have gotten another report saying that china is trying to play down expectations of progress. The s p 500 managed to end the session higher after two sessions of losses, gained. 9 . We have cap and Energy Leading the gains tech and Energy Leading the gains. Members showin ....
Sydney, 9 00 a. M. In hong kong. We have the polls and alabama, covering ahead of the special montgomery ahead of the special election. We will talk about the chinese appetite for u. S. Debt. This chart plays into how things have changed in terms of this debt binge on u. S. Treasuries china has had over the past decade, doubling its hold over u. S. Treasuries. That is starting to resolve because of a steady currency. You can see this conference relationship between where the dollaryen Exchange Rate is, and the levels of chinese treasury holdings. We have seen this fading of appetite for holdings at an inopportune time, when you have a plan republicans want to push through already adding to a ballooning deficit for the u. S. We have a situation where china owns more than 2. 2 trillion in any u. S. Government debt, and any selling of that could have ramifications. Wells fargo Holdin ....
Investors cheer more cost cutting at barclays. The banks new boss says it will accelerate the sale of assets after delivering a sharp rise in q2 net profit. Good morning, everyone. It is 10 00 a. M. Here in london 5 00 a. M. If you are just waking up on the east coast. Heres a look at the u. S. Futures. S p 500 just fractionally higher. The dow jones is up and the nasdaq seen higher by 12 points. This follows yesterdays strong rally. The dow was up by more than 1 s p up by more than 1 . The major averages snapping a fiveday losing streak and closed near the highs of the session. Actually we saw pretty heavy volumes. 4. 1 billion shares were traded on the nyse versus 3. 4 billion that you saw. Today all eyes on the fed and whether the statement will give us any clues on when the fed will move ahead with its first rate hike but also one sector that did extremely well in yesterdays trading session is energy. Saw that up by 3 yesterday because investors came back in and bought some of the ....