What Is The Hong Kong Security Law? | Florida Coronavirus Cases Spook Markets While Tech Rides High – Daily Financial News & Insights For Thursday, July 9, 2020

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Florida Coronavirus Cases Spook Markets While Tech Rides High Daily Financial News Summary For Thursday July 9 2020 Mixed markets today as the Nasdaq reached record highs after closing up 0 5 while the Dow Jones slid 0 5 and the S amp P 500 fell 0 6 Some of today s biggest winners were Amazon which was up 3 3 Costco was up 2 915 while Walmart closed up 2 66 nbsp Video game company Electronic Arts saw shares go up 2 35 While many were up today Walgreens Boots Alliance saw shares dive 7 8 as a result of their missed earnings Much of the negative reaction was attributed to their Boots UK stores low sales numbers from low foot traffic due to stay-at-home orders They plan to cut 4 000 jobs in the Boots UK business as a result Others that saw losses included Kohl s retail and United Airlines which both were down 7 25 Oil and gas stocks also took a hit with Hess Corp down 9 4 Phillips 66 down 7 8 and Marathon Oil down over 7 today https callputstrike com 2020 07 09 florida-coronavirus-cases-spook-markets-while-tech-rides-high-daily-financial-news-summary-for-thursday-july-9-2020 Hong Kong nbsp National nbsp Security nbsp Law Threat To U S Tech Giants And Financial Institutions China imposing Hong Kong Security Bill 2020 and the U S retaliating with a new sanction bill is a tailwind that threatens U S companies operations in the former British colony The security law has already had its first casualty ByteDance has announced it is ending support for video service TikTok in Hong Kong Hong Kong National Security Law With the passing of the Hong Kong nbsp national nbsp security nbsp law Beijing now has sweeping powers to prosecute any entity it perceives as a threat to national security On its part Washington has responded the best way it knows fearing its interests in the semi-autonomous region are at considerable risk The U S Congress has already passed a bill that establishes penalties to foreign persons or entities that undermine Hong Kong one country two systems under the new security law The bill gives the government of the day the power to block assets and deny U S entry to entities that implement the security law https callputstrike com 2020 07 09 hong-kong-national-security-law-threat-to-u-s-tech-giants-and-financial-institutions — This episode is sponsored by Anchor The easiest way to make a podcast https anchor fm app — Send in a voice message https anchor fm callputstrike message Support this podcast https anchor fm callputstrike supportClick here to visit this podcast episode

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