The President of Unites States of America, Donald Trump has called coronavirus "plague from China" and accused Beijing of allowing it to happen. While addressing, the US President said, "Plague from China, that is what it is, should have never happened but they did allow it to happen. We had just signed a brand new trade deal and the ink wasn't even dry when it came over."
The U.S. Supreme Court on Thursday agreed to hear a bid by President Donald Trump's administration to avoid disclosing to the House Judiciary Committee grand jury materials related to former Special Counsel Robert Mueller's report documenting Russian interference in the 2016 presidential election, but justices likely won't rule on the case until after the Nov. 3 election. Colette Luke has more.
BJP leader Jyotiraditya M. Scindia on July 2 said that he does not need any certificate from Congress' Digvijaya Singh and Kamal Nath. He slammed them by saying, "The facts are before the people how they looted the state in 15 months....I want to tell them 'tiger abhi zinda hai'" Earlier in the day, 28 MLAs took oath as ministers in Madhya Pradesh Chief Minister Shivraj Chouhan government. BJP senior leaders Gopal Bhargava, Yashodhara Raje Scindia were among the leaders who took oath in MP cabinet. Caretaker Governor of Madhya Pradesh Anandiben Patel administered oath to BJP leaders.
Investors on Tuesday paused ahead of a Federal Reserve Meeting that could reveal the Fed's view on recent signs of economic recovery. No major policy announcements are expected when the US central bank's meeting wraps up on Wednesday. However, investors will scrutinize its remarks on the health of the economy, which has been reopening slowly after coronavirus-related closures. According to Reuters, the S&P 1500 airlines index declined 8.5% on Tuesday.
Wall Street bounced higher on Tuesday thanks to the combination of a historic retail sales figure, comments from the Fed chief, a positive study on a possible COVID-19 treatment and hopes for an infrastructure plan. Conway G. Gittens has the details.
A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve Chairman Jerome Powell told Congress on Tuesday. Conway G. Gittens has more of his testimony.
Federal Reserve Chair Jerome Powell on Tuesday testified before the Senate Banking Committee and said that the U.S. economy appears to be entering the second phase of reopening assuming the virus remains under control.
Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers. Conway G. Gittens breaks down the numbers.