Weekly

The US State Department said that Pompeo and Deputy Secretary of State Bigan met with a delegation headed by Yang Jiechi, a member of the Political Bureau of the CPC Central Committee, on Wednesday at Hickam Air Force Base in Hawaii.

It is expected that the scope of discussions between the two sides will include the handling of the new crown epidemic, trade issues between the two sides, and the peaceful development of the Korean Peninsula. The top priority of the discussions will inevitably be Beijing's promotion of the Hong Kong version of the national security law while the US side will first release goodwill.

Not only will flights to and from China and the United States be allowed to fly around, but also the ban on doing business with Huawei will be amended, and domestic enterprises will be approved to cooperate with Huawei to formulate 5G network standards.  However, there is no free lunch.

If you want to know that Pompeo is a hawk in the United States, and that the people are the first to salute and the second to fight, the Beijing delegation may not have been unaware of this. It has made its own calculations before it set off.  It is expected that the final result will only vary in degree and where the steps are located.

U.S. released core retail sales data last night, up 12.4 percent from last month and 5.5 percent higher than expected, confirming U.S. citizens' return to economic activity.  The economy is back on track, with the US dollar index strengthening 96.62.

Close to today's high closing.  However, cold water was poured on the data after it was released. US Federal Reserve Chairman Powell testified at the Senate hearing that although the US economy has improved recently,

However, the US economy is still facing significant long-term damage due to the high unemployment rate and the closure of small businesses brought about by the novel coronavirus epidemic.  He pointed out that with the recent economic restart, some economic indicators have stabilized or even rebounded.

However, the economic output value and employment rate are still far lower than those before the epidemic.  Powell said a full economic recovery is unlikely unless the epidemic situation is truly under control.  The longer the economic downturn lasts,

The longer-term damage caused by permanent unemployment and business failure will be more serious.  He finally warned that if the downward trend of the economy cannot be controlled and reversed, the gap between the rich and the poor will widen.

It is not only the poor who are forced to live. North Korea blew up the two Koreas' liaison office building in Kaesong Industrial Park and threatened to restart the nuclear test.  The United States immediately urged the Pyongyang government to avoid taking further counter-productive measures.

Gold's volatility narrowed yesterday, mostly between 1720 and 1730, closing at $1725 an ounce, still looking for news to break through the gloom.  With the recent economic restart, social activities began to flourish.

Oil rose as high as US$ 39 a barrel in new york and closed at 37.87.  Crude Oil Investors Pay Attention to US Oil Inventory Announced Today.   

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