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LINKTV Al Jazeera English News Bulletin July 13, 2024

Coronavirus infection rates again. Host china is planning to impose tough National Security laws on hong kong following months of mass protests against the central government. The draft law is expected to be rubberstamped at chinas biggest political gathering in beijing. Activists fear it will be used to correct to crackdown on Political Freedoms and will likely make relations with the u. S. Even worse. Senators will introduce legislation to place sanctions on chinese officials for violating hong kongs autonomy. We report from beijing. Correspondent on the eve of chinas National Peoples congress, the announcement of a proposed National Security law which criminalizes secession, foreign interference, and a subversion of state power in hong kong. Hong kong ....

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BLOOMBERG Bloomberg Markets European Close July 12, 2024

I find it absolutely amazing we find ourselves in a situation where what is happening with hong kong, the china trade deal, the economy, the rioting taking place in the u. S. , and the equity market just shrugs it all off. Only shrugs it but continues into the value trade in the deeper cyclical trades. Everyone was saying, this is not going to last, yet it still continues. Lets break down more of the markets and how do you feed in the u. S. China trade tensions. Joining us now is nathan sheets. He is head of Macroeconomic Research and a former u. S. Treasury secretary for international affairs. Always good to chat with you. In your expertise with the relationship between the u. S. And china, are we at a standstill or do you see the evolution of stronger rhetoric leading to economic section sanctions leading to more tariffs . Nathan my expectation would be that we will see further tensions between the u. S. Into china
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BLOOMBERG Bloomberg Markets Americas July 12, 2024

Lets break down the data. The ism manufacturing number has come in at 43. 1. That is shy on the consensus, which was 43. 8, but ahead of where we thought things would be at bloomberg economics. The headline number is a bit of ordersaly because of the and the duration of orders component, which messes things up a bit. That number is coming in as expected. The employment numbers picked up as well, and the prices paid number picked up strongly. Lets get a look at what this means for the u. S. Economy. Giving us that assessment is that shes shot is ashish shah. From Goldman Sachs. Lets talk about the data we are getting from the u. S. Economy. We have got the big payroll number coming up friday. My sense is these numbers are getting better, but not consistent with a vshaped recovery at this point. They still look pretty bad and still indicate that while things are improving, the u. S. Economy is still in a tough spot right now. Give us ....

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KGO America This Morning July 12, 2024

Are seeing and the surprising news about the risk of asymptomatic patients spreading the virus. Treasure hopes . New questions about the Million Dollar treasure found hidden in the rockies. Tributes pouring in overnight celebrating the life of bonnie pointer, one of the founder members of the pointer sisters. The cruise shipment nightmare that lasted six months at sea finally over this morning. Good morning on this tuesday. George floyd will be laid to rest day. Puicvind people attended floyds enro allver the country paying respect. Protesters marched in the streets for the 14th consecutive night as we learned about now plans to Reform Police departments nationwide. The former Police Officer who held floyd down with his knee is being held on more than a Million Dollar
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BLOOMBERG Bloomberg Markets Americas July 12, 2024

Straight weekly gains of more than 3 . The stocks index heading lower given their exposure to china and some of the heightened tensions you have between the u. S. And china. The only one of the major averages in the red. The risk off tone means you are getting a lift up on the long end of the curve, up five basis points. To give us a risk off tone. I want to talk about some of the Economic Data that we saw. To. Manufacturing pmi rose aprilsmay from alltime low. Manufacturing picked up a bit but stayed below 50. For more, i want to bring in our International Correspondent michael mckee. What is some of the manufacturing data this morning telling us about where we are . The basic message is me will not see a recovery. Shaped recovery. The chinese numbers, which came out over the weekend were down a touch. They reopened earlier, so their numbers are higher. Europe is ....

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