Like fentanyl. A white house summary of the call included a few others like chinas unfair Trade Policies and venting access to technology. On the chinese Side Resident Xi called on any taiwanese independence a redline and accused the us of trying to suppress chinas development of advanced technology. Overfour development of advanced technology. Over four days of meeting treasury secretary jenny yellen is expected to meet with some of chinas top political and economic officials as well as American Business leaders and chinese professors and students. She is expected to warn china against flooding the market with cheap, clean energy the things like Electric Vehicle and lithium ion batteries. The white house is trying to bolster that industry domestically by offering its own tax brea ks breaks and subsidies. Tesla shares have fallen almost 5 percent. Thats after elon musk s Electric Vehicle maker reported deliveries have fallen sharply in the First Quarter of 202a. The company handed over
David we are getting the tokyo session up and running. We have been out for 24 hours, no u. S. Trading overnight. Lets take a step back, it is friday. Goldman sachs came out with a note, 620 by 2018. We are currently at 567. The record high won was in 2007 at 588. Hopefully we get there. Yvonne hopefully, but the selloffs in china are the big picture. Given the steepness we saw in the late part of the session, you have to wonder if it is the start of a market meltdown. Most traders say, we are not quite there yet. There is a big rally we saw throughout the year, we are just taking money off the table at the moment. That is what they say. News get the first word with Haslinda Amin. Used aident trump thanksgiving address to the military to take credit for progress in fighting abroad and to warn americas allies could become the enemy. During the campaign he said u. S. Engagement was a waste of time. But now he claims his policies have turned things around. He told soldiers they would come
It is 9 00 in hong kong. Foroin, a watershed moment this crypto currency. Futures trading in chicago over the last hour so, and a little bit of volatility when it comes cboe website crashing. This is a pretty significant milestone in terms of this currency or commodity to get mainstream appeal and credibility. We will talk about that later on. We are looking at Central Banks this week. It is a big week when it comes to policy. 15 Central Banks globally, including the fed. Wirp onp the the bloomberg. This is likely to be the third and last of Janet Yellens rate hikes as she exits this role. Dotquestion is whether the is likely to change given a new fed chair. We are 30 minutes away from the open in china and hong kong. David is looking at the markets for us. Im looking at this note saying strap in. We are getting ready for the steepest rate hikes in 11 years. Haidi that is what they are saying. David the bond markets are saying the complete opposite. Has threefor rate hikes on top of de
Asian currencies definitely under pressure. Chinas move last week really shocked the market. I think it continues to tell the story. Saw. This big move we this is the move we are seeing here now. It is highlighting the extent of the move we are seeing it electrically show you. Month. Over the last you could see this they move for the u. S. Dollar. The asian currencies really focus right now. Caroline we did an interview with morgan stanley. Now there are 10 currencies. How much will we see . Have seen little change coming from the central bank. Chief economist saying the government might well be there to steady the ship. Guy lets continue to focus on china. Our guest is standing by in hong kong. Good morning as you say, it is all about the yuan. We are seeing some weakness coming through from hong kong shares. The enterprise indexed has followed by close to 2 . Foreigners are exiting out of chinese and hong kong stocks. It does make their assets less attractive. In and out of positive