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US Sec State Pompeo says China threat to economy, liberty

Title is “Communist China and the Free World’s Future”

Pompeo is unleashing on China
  • China military growing stronger, more menacing
  • China filed to halt spread of coronavirus
  • Free world must triumph over this new tyranny
  • Must distrust China

    • Xi is a true believer in bankrupt totalitarian ideology
    • China using “slave labour”
    • Huawei a true national security threat
    • Chinese consulate in Houston was a hub of spying and IP theft
    • Chinese people distinct from the Chinese Communist Party – must engage with the people
    • Communists always lie
    • CCP fears the Chinese peoples’ opinions
    • its time for free nations to act to protect their own economic prosperity, its ideals from the tentacles of the CCP
    • “The old paradigm of blind engagement with China has failed. We must not continue it. We must not return to it.”
china speech pompeo

US stocks end the day sharply lower on risk off flows

Investors to sell the FAANG stocks

The US stocks are ending the day sharply lower and risk on flows dominate. The FAANG +M+T  (that is Microsoft and Tesla) fell sharply.
The final numbers are showing:
  • S&P, fell -40.36 points or -1.23% at 3235.66
  • NASDAQ index fell -244.7 points or -2.29% at 10461.42
  • Dow industrial average fell -353.51 points or -1.31% at 26652.32
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