[inaudible conversations] good afternoon everybody. And everybody who is looking at us virtually and everybody in line in the security line trying to get in. And everybody who will be watching sometime soon on a cable network. So i am jane harman, president and ceo of the Wilson Center and today we are probing a very complicated issue that is in my view d valvoline policymakers in washington and all over the world. At least three parts of the problem are the u. S. , china, and the 5g supply chain. The Wilson Center has just produced this is a prop, a spectacular policy brief by Melissa Griffith who is in the front row, and we will see in a little bit which is entitled there is more to worry about the huawei. I think you get the just of this. And she will explain in detail but run, do not walk to read this. Meanwhile, what captures the attention around 5g is that Chinabased Huawei has led the way in developing the superfast networks which will power self driving cars, virtualreality and
Good afternoon everybody. And everybody who is looking at us virtually and everybody in line in the security line trying to get in. And everybody who will be watching sometime soon on a cable network. So i am jane harman, president and ceo of the Wilson Center and today we are probing a very complicated issue that is in my view policymakers in washington and all over the world. At least three parts of the problem are the u. S. China, and the 5g supply chain. The Wilson Center has just produced this is a prop, a spectacular policy brief by Melissa Griffith who is in the front row, and we will see in a little bit which is entitled there is more to worry about the huawei. I think you get the just of this. And she will explain in detail but run, do not walk to read this. Meanwhile, what captures the attention around 5g is that Chinabased Huawei has led the way in developing the superfast networks which will power self driving cars, virtualreality and other cuttingedge technology. Since Chi
Official think lowering to a negative rate will not provoke a backlash. Attention on the trade war. The deficit seen widening last month. Lets get a quick check of asian futures right now. In japan we got the nikkei futures pointing modestly higher. A similar story and south korea. While here in australia we have got futures pointing higher. New zealand been trading for an hour now. Not a great deal of action to report. Paul shery ahn u. S. Futures not doing much of the moment. After stocks drifted throughout the session, and then we had a slight uptick for the s p 500 to gain. 3 . We have consumer shares rounding and Energy Stocks were some of the big losers. Losing a lot of ground after that huge surge we saw a 15 for crude monday and continuing to fall below 60 a barrel. We also have banks underperforming. Ahead of thatll fed Rate Decision on. Wednesday ahead of that, we are now seeing the money markets and turmoil. Take a look at this chart on the bloomberg. We saw the rates surge
Ed you are watching daybreak asia live from new york sydney and hong kong. Haidi counting down to asias major market opens. Paul u. S. Inflation signals complicate the fed outlook. Penciling in a first rate cut by mid 2024. Sx traders are back on the yen intervention watch. Country garden to suspend trading for monday in almost a dozen onshore bonds. Softbank reportedly in talks to buy the rest of chip designer arm from its own vision fund. Shery u. S. Futures early in the Asian Session seeing upside after the s p 500 struggled for direction in the friday session. It finished at a onemonth low. Really after fluctuations between gains and losses, big tech led the declines. We had the nasdaq 100 seeing the longest losing streak on a weekly basis this year. Big tech pressured the markets, not to mention investors were really trying to digest Inflation Numbers, whether it is Consumer Inflation Expectations unexpectedly falling. Producer prices surprising to the upside pressured the treasur
Panic and chaos. [background noises] exit selectivity it will come to order. This is a short hearing weve never had this combination of witnesses. A collection of expertise to help us make sense of what the chinese, and his partys doing in cyberspace and i can better defend ourselves. Our hats off we spent a lot of time on this committee debating or thinking about the question of whether xi jinping will make a move militarily against taiwan. And what would be a timeline for such a move . Obviously this is a nun on noble question people continue to debate it. In some meaningful sense i wonder if such an invasion or a preparation which would be incredibly costly if the Ranking Member very eloquently pointed out yesterday has already begun. The intelligence preparation of the battle space has already begun. Put differently for over 20 years they have been attacking us the government, defense Contractors Technology firms in cyberspace that is a fact. For a long time the attacks rubbing a v