Tiktok. Tiktok did come up and was raised on the call. There is a real threat posed by these technology services. Operating in the United States put at risk americans personal information, theyve been clear about that including manipulation. Reporter not just tiktok worrying washington. A new report Shows Chinese hardware infiltrating corporate networks. The number has surged in the last year, four scott estimates 300,000 devices from chinese manufacturers are on chinese networks, 41 jump over the last year. The fear is the Chinese Government could coerce these manufacturers to spy on american users and manufacturers on these systems but china is brushing off these concerns and warning the us not to get in the way of their economic developed. The Chinese Government spokesperson reacting saying of the us side is willing to seek mutually beneficial cooperation and share in chinas development, it will find chinas door open but if it is adamant on containing chinas hightech development and
Secretary yellen later this morning. Auto strikes, day four with both sides digging in. The uaw rejecting the latest wage hike proposals while both ford and gm announce temporary layoffs due to the ongoing walkout. Plus apple reportedly seeing strong iphone 15 demand in china, and tim cook says the vision pro remains on track. Lets begin with the markets as we do kick off a new week. Jim, we didnt get to check in with you on friday. Any degradation, do you think, in this idea of a soft landing . Even the journal today takes a look at how it gets a little tougher from here. I do think that this auto strike is has potential to be very disruptive. I think that oil, clearly, to me, is headed to a hundred before it goes lower. Thats negative. The higher Interest Rates are starting to buy. Theres a really interesting call for lennar, stewart miller, the executive chairman last week, he was talking about the idea that the buyer is getting used to the idea that they have to pay more. Thats the
Dow futures 380 to the downside, 2. 2 and s p futures down 46. Lauren other big story is the oil market right now, if you look at the quote, 32. 94, so far down in double digits. We are looking at double digits this year. We will have the live reports from beijing, london, chicago. Welcome to fbn am, first look at whats moving in todays markets and what to expect on your day ahead. Nicole kidman lets get back to the breaking news. Globe market selloff is right now. We will go to tracy yu, good morning, tracy, whats behind the selloff in china . Tracy good morning to you, ladies, we had a terrible trading day. We only traded for about 15 minutes. 7 triggering the circuit brakier again. Fell to 10 daily limit only 35 stocks posted gains today and people were really panicking. According to field market insiders i spoke today, the chinese sec, held an emergency meeting but no concrete policy shifts were announced but they did postpone sales from shareholders. Investors continue to sell acr
York. Are in for tom keene and Francine Lacqua. Michael risks are back off as china falls. Were back where we were a week ago. On ahan all time lows twoyear and fiveyear yield. Lets go to vonnie quinn. Vonnie in china, the south market stocks fell to their lowest level in 13 months. The shanghai composite index down 6 at the close, falling 47 since last june. Outflows will speed up. It may be a while before things are normal on that is to coast. 48hours after the blizzard travel is a mess. 25 hundred flights were canceled or delays. In washington, federal. Overnment offices remain shut Denmarks Parliament will approve a plan allowing officials to confiscate valuables from refugees, the latest crackdown on asylumseekers. Backers of the confiscation plan says the money will go toward the cost of refugee care, but the idea is criticized as a violation of human rights. The Islamic State has stepped up Operations Command to plan more terror attacks in europe according to the European Union
Freeing japanese hostage kenji goto. The militant group didnt show any evidence and released a video that purportedly shows the killing of goto. Government officials in iman are trying to verify the authenticity of the latest images. Jordans state run tv broke the news across the nation. It carried a banner saying our hero has been killed. It reported that the pilot was killed on january 3rd and said he was already dead when Islamic State was negotiating with the jordanian government over his release. The broadcaster provided no evidence. It showed a message from king abdallah, he has confirmed the killing happened last month, he says one of jordans precious pilots has been killed by terrorists. Translator i have received information regarding mr. Casas kassasbeh. Words cannot express the anger i feel over this act. Our nations people must stand together in solidarity at this most difficult time. A jordanian military has denounced a purported killing, in a Statement Released on state r