Archives of “July 2020” month

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China: UK would bear all consequences for any move to offer residency to Hong Kong citizens

  
  Analysis

China issues a warning to the UK

The Chinese foreign ministry says that China reserves the right to act against the UK over the issue and that the latter would bear all consequences should they follow through on this. For some context, the UK has been talking about such a proposition for a while now with the latest headlines on that earlier today here.

China has imposed new media restrictions on the US

  
  Analysis

China is requiring that four US news organizations declare details of their finances and staffing in the country.

  • The Associated Press,
  • United Press International,
  • CBS News
  • NPR News
These four must submit relevant paperwork to the Chinese government within seven days says China’s Foreign Ministry.
Spokesman Zhao Lijian
  • “China is compelled to take these measures to counter the US’ unreasonable suppression of Chinese media in the US”
Last week the US said that the US offices of four Chinese state-run media were “foreign missions”. China’s move in response.
Overnight news ICYMI – no cessation of the build in strains between the two countries.

The UK is offering 3 million Hong Kong people a path to citizenship

  
  Analysis

This has been mooted for some time and is in place now.

  • Hong Kong people who are eligible for British National (Overseas) passports, their spouses and underage children will be allowed to resettle in the UK and given a path to British citizenship
Prime Minister Boris Johnson announced the decision on Wednesday. In response to China’s national security law on Hong Kong:
  • “The enactment and imposition of this national security law constitutes a clear and serious breach of the Sino British Joint Declaration” Johnson told Parliament.
Foreign Secretary Dominic Raab:
“There will be no quotas on numbers.”
hong kong

US coronavirus – Texas cases on the day more than 8,000, deaths highest in 6 weeks

  
  Analysis

US state of Texas

  • Also, hospitalizations in Texas hit another record high today of 6,904
  • 13.2% of tests are positive. That is high and is indicative of much wider spread than is being detected in these tests, i.e. testing is too low to pick up all cases
The chain of causation (explaining this to the deniers, apparently its very difficult for them to comprehend) is:
  • cases –> hospitalisations –> deaths
  • as you move from left to right along that chain the numbers fall, thank goodness
Deaths per day, the big final bar is July 1
texas coronavirus

NASDAQ closes at a record high

  
Analysis, US Market

NASDAQ index rises 0.95% on the day

the broader market indices are closing higher. The Dow industrial average over lagged and closed lower.
  • The NASDAQ index closed at a record level
  • the NASDAQ and S&P have been up for 3 consecutive days
  • The Dow lagged with Walgreens, Exxon/Mobil and Bank of America leading the way to the downside

The final numbers are showing:

  • S&P index rose 50.58 points or 0.50% at 3115.87
  • NASDAQ index rose 95.863 points or 0.95% at 10154.62
  • Dow industrial average fell 77 points or -0.3% at 25734.93
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