C the select committee will come to order. Welcome everyone to the select Committee Hearing or the leveling the Playing Field how to counter the Chinese Communist party or economic aggression. Who when i looked at the staggering economic relationship thats a word that comes to mind. One small example the American Pacific northwest salmon are frozen sent to china to feed tboned by hand and refrozen and shipped back to u. S. Grocery store sometimes miles from where the fish were copied the economical links between the u. S. And china are dizzyingly complicated that theres another word that comes to mind. Naivete. There were prescient dissenters for the last 25 years or both parties largely made the same naive bet on china that Economic Engagement would lead the Chinese Communist party to political liberalization. Beijing saw our quintessentially american optimism is an opportunity to exploit and their treaties and International Commitment are but not for me. I will enter video into the r
C the select committee will come to order. Welcome everyone to the select Committee Hearing or the leveling the Playing Field how to counter the Chinese Communist party or economic aggression. Who when i looked at the staggering economic relationship thats a word that comes to mind. One small example the American Pacific northwest salmon are frozen sent to china to feed tboned by hand and refrozen and shipped back to u. S. Grocery store sometimes miles from where the fish were copied the economical links between the u. S. And china are dizzyingly complicated that theres another word that comes to mind. Naivete. There were prescient dissenters for the last 25 years or both parties largely made the same naive bet on china that Economic Engagement would lead the Chinese Communist party to political liberalization. Beijing saw our quintessentially american optimism is an opportunity to exploit and their treaties and International Commitment are but not for me. I will enter video into the r
A hard landing. Can inflation be stickier than people think . The odds are higher because of the fiscal stimulus in the system and driving the liquidity with the markets going up. German Business Activity growing for a second straight month as services surge, but it is a different story in france where activity contracts coming in below forecast. Mark your calendars, Prime Minister rishi sunak marks when they will go to the polls. The fourth of july he has an uphill battle closing the gap in the polls good morning, everyone more pmi data coming your way. Eurozone flash manufacturing pmi at 53. 3 against 53. 7 in april. Flash services pmi at 53. 3 against 53. 3 in april. Not too much of a change here. It was a tale of two stories of the economies. We saw the private sector activity unexpectedly contracting in the month of may according to the pmi german Business Activity grew for the second consecutive month with the pmi rising to 52. 2. On the manufacturing side, still a little bit of
Annabelle we are counting down to asias major market opens. Haidi asian stocks face headwinds while treasury yields rise on the feds hawkish hold. Policymakers say one more hike this year and higher rates through 202025. A soft landing is a primary objective and i did not say otherwise. That is what we have been trying to achieve for all this time. Haidi also ahead, stellantis making a new offer to striking autoworkers even as Gms Mary Barra calls the unions demands too costly. Thailands new Prime Minister tells us he does not want to pick sides in the u. S. China rivalry. We hear from him exclusively. We have the hong kong military authority keeping its base rate unchanged at 5. 75 . Thats according to the de facto central bank page on bloomberg. We know that the official Interest Rates in hong kong move in lockstep with those of the fed as the local dollar is pegged to the u. S. Currency. When it comes to some of the concerns we have seen, hong kong traders are seeing a little more f
We will push ahead to the other companies lining up to go public. We will also look at the process for digital dollars with fitz giancarlo. Before we head over to the nasdaq with Caroline Hyde we are also getting indication that arm may open shortly. We are giving estimations of starting at 66. Lets see where we had. Caroline how important is this arm listing. It is important. It needs to trade well. This is a moment in time where everyone is paying attention and markets have been open to Great Companies for some time now. It has really been on the supply side and arm is said to unlock that. Caroline many people want this to be a bellwether, its at the Tipping Point of ai, how hard is it to the square of demand what is happening behind the scenes . Karen its important to get the opening cross right. We provide technology to the person opening the stock which is jp morgan in this case. We turned it into more of a science than an art that is still in our. You want enough buyers and selle