Good Tuesday Morning welcome to squawk alley. I am carl quintanilla. Post nine with Morgan Brennan and jon fortt. Busy news day, selloff in place. Dow down 245 we begin with the u. S. Widening the trade black list, now including chinas top ai startups ahead of trade talks later this week. Kayla tauschehas more. Reporter they can no longer purchase American Parts without licenses, both halted in trading. And alibaba backed company for ipo, they say they assisted china in detention of muslim minorities no word from commerce on why theyre moving on this now, but it is clear tensions are ratcheting up ahead of high level trade talks thursday they weighed restrictions for government pensions investing in chinese stocks, and tuesday, this coming tuesday, tariffs on 250 billion in chinese goods will rise to 30 china as we know is taking its own action against the nba despite all this, outright messaging on china in washington has started to warm a bit. In a september 20 press conference, Pres
Questions on anything we discussed. Any questions . I have a comment. Very impressive. As you know when i was appointed, i was asked a lot of questions about esg by the board of supervisors and the like. I did what i thought was great Due Diligence but i had talked to bill earlier about this, and i wish i had known it wasnt as gloomy as i thought. They have taken an active step forward and andrea is coming on board with your associate. More importantly, the numbers against the benchmarking. I never get the acronyms right. They are proving out it is going in the right direction in terms of our exposure. I commend you on that and hopefully we can bring the light of day on these numbers to the public. Have you shared this with anybody assigned from the Board Members . Folks at city hall who raised these questions in the past . I met with certain beneficiaries, plan members, sort of informally, but no formal presentation to city hall. We have not provided an update since the last time we h
The two largest economieses prepare for high level trade talks. Adam silver is standing his ground refusing to apologize for a general managers tweet about a protest in hong kong but will his decision backfire on the global brand . Tracking space. Nasa confirming a group of astronauts are expected to fly past earth at incredible speeds. We will talk to astrophysicist Neil Degrasse tyson about this looming phenomenon this hour. Connell wow. Now were talking. Fox Business Team coverage of this market selloff. Edward lawrence, busy day as usual following trade in d. C. Gerri willis on the floor of the New York Stock Exchange with all the back and forth and blake burman at the white house as well. Edward, on that trade beat, the trade restrictions seemed to help the market or hurt the market. Lets start with you. Reporter it help the market turn down a little bit further. Today and tomorrow or today and yesterday, two days of deputy level talks concluded and the real talks will happen thur
Welalarmingspike in apprehef illegals at the border. Both sides of aisle kicking up pressure on impeachment, white house telling House Democrats it will not participate in an impeachment inquiry after administration pulled plug on its ambassador to eu, testifying before the house over ukraine. Leaving some democrats to cry obstruction. I am Melissa Francis in for elizabeth macdonald, the evening edit starts right now. Melissa we have all angles covers, Edward Lawrence in washington, gerri willis on the floor of New York Stock Exchange. And lets kick it off with edward. Reporter two days of deputy level talks with chinese have concluded, focus now is turning to thursday, and friday, when two heads of trade team will meet to see if a deal can be worked out, the chinese upset this week, talking about what happened in terms of 28 new Chinese Companies added to entity list. For National Security concerns, also human rights concerns, some companies that Chinese Government has a huge ownershi
Improved on the ground by many accounts. Not fully resolved in terms of human rights abuses. By and large the country is stable. There is a joint civilian and military government in place. Things seem to be progressing according to the plans that have been outlined by the government. With the seven companies that would be added to this restricted list would it require us to divest of any positions. Are there ones where we would potentially have to take our position and divest . Correct. Those are the only two . This would be on page 2 of the memo. In the third column 2. 36 million in the electric. 3. 94 million in se s iemens tht we could make subject to our investment restriction. The determination was that by and large the u. S. Has lifted sanctions. These companies are providing as commissionter pointed out services to the citizens, and i think there are necessary communication and Power Services that the citizens do need. There is a consideration here of and as we proceed and evalu