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3) The entire series of US media reports about Apple in China were political and commercial propaganda designed to (a) insulate American firms from foreign laws, and (b) create sufficient public pressure to ensure a foreign government designed its domestic laws to please the Americans.
Alibaba – Almost as big as China
In early 2021 we had a spate of articles about Alibaba’s unfortunate collision with Chinese financial authorities, resulting in the cancellation of the company’s imminent IPO and
Jack Ma being rather strongly reined in (slapped down, actually). (
4) The US media were unanimous in claiming China was severely restricting the activities of ‘technology companies’ (since Alibaba is widely seen as such), but it wasn’t Alibaba that was being harnessed. Jack Ma’s Ant Financial was being hugely expanded into an online under-the-radar banking institution hiding between the pages of an IT firm and thus bypassing all the country’s financial and banking reg
trarv trafficking. along with sue herera and brian shactman, i m tyler mathisen. and that can only mean one thing, power lunch begins right now. a lot going onto start the quarter. manufacturing much better than expected. construction spending steepest strop in months. more worries about recession in europe. major averages staring down new highs here. nasdaq just about the same. the pulse of the markets energy in focus. the ism number pushing oil up higher by half a percent actually, 1.5%. rbob up 1.3%. a bit of a turnaround in nat gas up now 0.5%. avon surging of course after fragrance maker makes a $10 billion bid for the company. avon is struggling. they said no. right now it is trading up 17% at 22.66. express scripts wraps up that acquisition of medco. it s been a pretty tough year for alpha natural but good day today. groupon revises q-1 results. a downgrade on top of that. kayla tausche will have much more on this in just about a minute. down 11.5%. plus robo p
labor market. expected to fall by 7,000 to 4 55,000. nike checking in to earnings central after the bell last night, the footwear and apparel giant at $1.01. revenues came in above the $4.63 billion estimate. later we will check out the prospects for nike as one of its biggest stars get back to work. and even elin, when she has been photographed, she has like a what is that scarf called? a headband thingy. and you re wondering whether it s a yeah, i m not going to call it that. i know. is that a good thing? how many people it s on the cover of every magazine. there s the nike logo. the only thing that is a little weird is i guess it shows she s back and she s with him and supporting him but but she was wearing it when she wasn t. when she wasn t, too. hey, wait a second. stay or go? she stays she gets half, she goes she gets half. nike, it s millions and millions. it s a partnership. it s millions of dollars. nike is a huge part of his endorsement ga
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