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CCTV Script 07/12/15

– This is the script of CNBC's news report for China's CCTV on December 7, Monday.

Welcome to CNBC Business Daily, I'm Qian Chen.

U.S. President Barack Obama delivered a primetime address from the Oval Office on Sunday, speaking directly to the American people about national security and his administration's fight against terrorism.

While Obama has spoken frequently about Islamic State in recent news conferences and other events, the decision to speak on prime-time television reflected concern among his advisers that his message wasn't getting through. The White House has been particularly concerned about the heated rhetoric from Republican presidential candidates about Muslims.

Obama concluded his address saying that the notion of a united American people makes the U.S. stronger, and better prepared to combat terrorist organizations.

In what was only his third-ever Oval Office speech, the president outlined what authorities knew about the brutal attack in San Bernardino earlier this week, explaining that it was not yet known if the killers had been in contact with international terror networks, but that it was clear they had gone down "the dark path" of radicalization.

The president also called on Congress to make sure that no one on a "no-fly"

list is able to purchase a gun. The no-fly list is maintained by the Federal Bureau of Investigation's (FBI) Terrorist Screening Center (TSC), and contains people who are not allowed to board a commercial aircraft to fly in or out of the country.

Obama also renewed his calls to make it more difficult for people to purchase "powerful" assault weapons.

However, Senate Republicans rejected a bill that aims to stop suspected terrorists from legally buying guns, on Thursday. The vote came a day after at least 14 people were killed during the San Bernardino massacre in California by two suspects, including a woman said to have pledged allegiance to ISIS.

Whether Obama can ultimately have the Democrats and the GOP reach an agreement on this, still remains to be a question mark.

[Brian Levin, Cali State Uni Prof, Criminal Justice ] "101029 Get congress to immediately change this ridiculous policy of allowing people on the terror watch list to buy weapons. We have 2043 of them do it over the last decade, however expanding it more broadly to a debate, involving firearms, while being sympathetic, i think he'd lose some of the audiences. 101055 "

The president is keen for Silicon Valley to help address the threat of Islamic State and other militant groups that use social media and electronic communications to plan and promote attacks.

Though Silicon Valley doesn't want to allow the government to build "backdoors" into their services and user info, they've collaborated to fight terror online in different ways. Twitter has taken down tens of thousands of accounts believed to be affiliated with ISIS, and social media services have revised their content guidelines.

And how will this address impact the market? Here's what analyst Omar Slim has to say.

[OMAR SLIM PineBridge Investments, Vice President, Portfolio Manager, Fixed Income ]"100741 For now, in terms of the economic impact, the markets are keeping an eye in terms of the risk... we have not seen that so far. 100758 "

CNBC's Qian Chen, reporting from Singapore.

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SOT 1

[SEAN CALLOW, Westpac Bank Senior Currency Strategist] "063625 we are looking for the FED to follow up this month's hike with another move in march, that's clearly not priced in, and it might likely take some time in terms of the market to get over the disapppointment of the ecb, and to get serious about when the follow up move is, so in the meantime the US probably going to hang around maybe 1.07 to 1.09, 1.10, even, further out we're looking for it in six months or so to hit 1.04, but at this point, we are not forcasting parity. 063657 "

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SOT 2

[Richard Harris, Chief Executive, Port Shelter Investment Management ] "Janet Yellen has said a little bit about this. If we hike it won't be so bad bec we can pull it back again. But the Fed has given so many signals over the years. And we're at a stage now where behaviourally if they don't hike in Dec there's going to be an enormous loss of cred. So I think at the moment I;'d say it's almost 100%"

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SOT 3

[MICHAEL EVERY Rabobank Head of Financial Markets Research, Asia-Pacific ] "073320 I think we should immediately be looking beyond that ... that's what we should be thinking about. 073331 "

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