Broadcasts of preseason games are suspended in china while the nba commissioner says profit can come before principles. And as we said, boeing under pressure, the company sued by the Union Representing pilots at southwest over the now grounded 737 max. So tensions between the u. S. And china ahead of trade talks expen scheduled for thursday in washington targets include ai startups, a spokesperson for the Chinese Foreign ministry quoted as saying stay tuned for retaliation. And then there is additional reports out of the Chinese Press theyre going to cut their visit short by a day not carrying the official title of envoy, they havent been given official instructions from xi. You couldnt have a worse way to start these talks lets go back, run the tape back to friday. Larry kudlow was optimistic something would happen and there were other members of the administration saying what the heck no they havent agreed to any of the seven deadly sins to roll back the intellectual property, someth
Selling nba products. A stark warning from beijing, stay out of chinas sovereignty. Keep your mouth shut. Theres action on the trade front. The u. S. Has blacklisted 28 companies which are accused of helping in the repression of uighur muslims in western china. The Foreign Ministry there is considering retaliation. High level talks resume in washington this week, now with a more threatening backdrop. Its another day when the market reacts to headlines. Investors clearly worried again about china trade. The white house is also looking at limiting chinese stocks in u. S. Government Pension Funds. Now, were looking at a significant drop at the opening bell. The dow is off about 170, s p down 17, big drop for the nasdaq, down about 40 to 50 points. Heres what we have. Free speech threatened, American Business threatened, china playing hardball defense as it faces challenges from all sides. Varney company is about to begin. Stuart china trade, deputy level talks start today ahead of the hig
Year we start in washington where top level talks are due to take place later between the us and china over their increasingly damaging trade war. Theres growing concern a deal is still a long way off with reports that theres been little progress behind the scenes this week and that the chinese team plan to leave the talks a day early. Thats been hitting Financial Markets in the last few hours. The us and china together account for more than 40 of the worlds economy. But their standoff is affecting the whole world as Global Supply chains are disrupted and components go up in price. Lets take the iphone for example designed in the us but assembled in china. If the trade war isnt resolved by december, the us will impose a 15 levy on the iphone among other Tech Products made in china, so prices around the world could rise. Germany is europes biggest economy almost half its output comes from exporting and trade tensions are helping push it into recession. This week the new boss of the Inte
Gauge went on the offer the share price of the stock went up by 2 percent after the boards rejection letter was published even after having risen 6 percent on the day before on reports that negotiations were in process bella seaboard letter expressed disappointment as well the hong kong decided to go public about the talks after just 2 days but the longer history of failed bids for the l. S. E. And up other similar planned International Stock exchange mergers suggest the basic structural challenges may have eventually sunk the deal even if hong kongs conditions an early disclosure of the talks had not become issues. And as the talks of protests in hong kong have been raging much of the focus has been aimed at chinas extradition bill and understandably so however under reported in the wake of the turmoil has been climbing cost of living in the region recently our correspondent Michelle Greenstein was on the ground in hong kong where she documented the issue and filed this report. This i
Disappointment as well the hong kong decided to go public about the talks after just 2 days but the longer history of failed bids for the other similar planned International Stock exchange mergers suggest the basic structural challenges may have eventually sunk the deal even if hong kongs conditions an early disclosure of the talks had not become issues. Then as the talks of protests in hong kong have been raging much of the focus has been aimed at chinas extradition bill and understandably so however under reported in the wake of the turmoil has been climbing cost of living in the region recently our correspondent Michelle Greenstein was on the ground in hong kong where she documented the issue and filed this report. This is the peak an area notorious for its exclusivity since the British Colonial era and the single most expensive neighborhood in hong kong it overlooks the rest of the city and is home to billionaires. Bankers and celebrities its areas like this one that make hong kong