Hurt by Trump’s trade war, ineligible for a bailout
10/25/2018, 1:24:19 AMThough farmers can recieve part of the $12 billion bailout, those who transport their goods are out of luck. ✔ (Agence France-Presse/Getty Images) By Jeff Stein Jeff Stein Reporter for Wonkblog Email Bio Follow October 24 at 8:17 PM In August 2017, $27 million worth of soybeans shipped to China through Washington state’s port of Vancouver ✔ But the tariffs have made Chinese demand anemic, according to an analysis earlier this month by the Agriculture Department
China-US trade war 'won't solve problems'
10/25/2018, 1:25:55 AMBORN:
January 1950
EDUCATION:
1972: Bachelor's in political science, Yale University
1975: Law degree, Boston University
CAREER:
1997-2005: Governor of Washington state
2009-11: US secretary of commerce
2011-14: US ambassador to China
2014-present: Adviser and consultant at law firm Davis Wright Tremaine and chairman of Locke Global Strategies, which advises US and Chinese companies on cross-border trade and investment
MEMBERSHIPS:
Member of the Committee of 100, a nonpartisan organization composed of US citizens of Chinese descent who have achieved positions of leadership in a broad range of professions ✔ US ambassador Gary Locke and his wife, Julie (right), bike at a park in Wuhan, Hubei province, during a public event to raise environmental awareness on Sept 23, 2011 ✔ During his ambassadorship in Beijing, he worked to open markets for US-made goods and services, and he reduced Chinese applicants' waiting times for US visa interviews from 100 days to three
The US-China trade war is worrying investors more than what the Fed is doing, Art Hogan says
10/25/2018, 12:40:08 AMThe ongoing trade spat between the U.S. and China is the biggest threat to the market right now, not the Federal Reserve's monetary policy, strategist Art Hogan said Wednesday. ✔ Artyorn Ivanov | TASS | Getty Images President Donald Trump and China's President Xi Jinping shake hands at a press conference following their meeting outside the Great Hall of the People in Beijing last November ✔ Tariffs have been a key subject discussed by companies this earnings season
America's closest Asian allies are all pushing for stronger ties — with India
10/25/2018, 3:22:52 AMJapan, South Korea, Taiwan and Australia are trying to diversify their economies away from dependence on China, whose export-oriented industries are seen taking a hit from the ongoing U.S. trade war. ✔ 3:38 AM ET Tue, 10 July 2018 | 05:19 Japanese Prime Minister Shinzo Abe, who is due to visit New Delhi next week, has committed to making India an pillar of his Indo-Pacific blueprint, which promotes infrastructure investment and development in Asian and African emerging markets
Australian share market in freefall amid fears over global economy
10/25/2018, 2:45:16 AMBenchmark ASX200 falls 2% as Chinese central bank injects liquidity for fifth day ✔ (((The Daily Shot))) (@SoberLook) Chart: South Korea's stocks in bear-market territory - pic.twitter.com/1mkOs2whpf October 25, 2018 The gloomy mood was spread across the region, with South Korea’s stock market entering a bear market after growth in the third quarter came in at a lower-than-expected 2%
Chinese and Russian SPIES exploit Trump's 'causal' e-security and 'eavesdrop' on his calls
10/25/2018, 1:48:44 AMCHINESE and Russian spies are exploiting US President Donald Trump’s “casual” approach to e-security and eavesdropping on phone calls he makes using a personal iPhone, US intelligence officials have claimed. ✔ Officials told the New York Times that Trump preferred to keep one personal phone because, unlike his two approved devices, he can store his personal contacts there ✔ Trump added more tariffs to a further $200billion (£154billion) of Chinese imports in September, to which Beijing retaliated by introducing levies on an additional $60billion (£46billion) of US goods
Toshiba Memory considers 2019 Tokyo listing
10/25/2018, 2:20:55 AMBain-backed chipmaker aims to finance capital spending ✔ Toshiba Memory is the world’s second-largest flash memory maker, trailing only Samsung Electronics ✔ Amid growing concern over the global economic slowdown due to U.S.-China trade war, the company will have to determine the best suitable time for listing
Chinese And Russian Spies Are Reportedly Listening To Trump's Cellphone Calls
10/25/2018, 12:55:10 AMWhite House officials are hoping the president doesn't mention any classified information, the New York Times reports. ✔ In 2016, 60 Minutes worked with a hacker and California Rep ✔ It wouldn't be unprecedented for Trump to casually mention classified information in a conversation ✔ Last year, he revealed highly classified information to the Russian foreign minister and ambassador during a meeting in the Oval Office, the Washington Post reported
Oil prices fall one percent amid global stock market slump
10/25/2018, 2:37:21 AMOil prices declined by around one percent on Thursday, following a sharp sell-off in the global stock markets. ✔ trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic concerns in Italy ✔ In oil, WTI has fallen nearly 10 percent so far this month, while Brent is down nearly 9 percent ✔ Output remained unchanged at 10.9 million barrels per day (bpd), slightly below a record 11.2 million bpd reached at the start of October
China listens to Trump cellphone calls, tries to sway policy: NYTimes
10/25/2018, 12:49:46 AMChinese spies often eavesdrop on President Donald Trump when he uses his unsecur... ✔ Beijing particularly is trying to use what it learns to prevent the current trade war between the two countries from escalating further, according to the newspaper ✔ Chinese officials rely on Chinese businessmen and others with ties to Beijing to feed arguments and viewpoints to Trump’s friends in an effort to influence him, the Times reported, citing the U.S. officials ✔ Our Standards:The Thomson Reuters Trust Principles
Asian markets fall on the back of major losses on Wall Street
10/25/2018, 3:54:21 AMAcross Asia, markets tumbled following a sharp fall in U.S. markets, losing almost $5 trillion in value since the start of the year. ✔ The Dow Jones industrial average, meanwhile, lost 608 points Wednesday and is down 8.3 percent in the past three weeks ✔ The sell-off this past week, he added, has been led by a decline in tech stocks, which has put additional pressure on the region’s markets
Australia stocks tumble following Wall Street sell-off
10/25/2018, 12:04:38 AMThe ASX 200 fell by 2.02 percent in early trade, with the energy subindex down 2.22 percent while the heavily weighted financial sector fell 2.1 percent. ✔ The S&P 500 fell by 3.1 percent to close at 2,656.10 and also turned negative for the year ✔ They include some earnings disappointment, a growing conflict over budget spending between Italy and the European Union, international criticism leveled at oil power Saudi Arabia over the killing of a dissident journalist and worries that global growth is losing steam ✔ The Australian dollar was at $0.7063 after slipping from the 0.71 handle yesterday
China will never give up an inch of territory, defence minister says
10/25/2018, 3:02:53 AMChina will never give up an inch of its territory, whether the self-ruled island of Taiwan it claims as its own, or in the disputed waters of the South China Sea, the country's defence minister said on Thursday. ✔ Phil Walter | Getty Images Sport | Getty Images The Chinese flag is carried by the military during the Opening Ceremony for the 2008 Beijing Summer Olympics at the National Stadium on August 8, 2008 in Beijing, China ✔ friction can undermine military contacts, when Beijing upended plans for him to meet Wei in October
Trump Uses Unsecured iPhone Even Though China, Russia Are Listening In: Report
10/25/2018, 12:19:03 AMSeveral insiders told The New York Times that the president is well aware of this habit's risks. ✔ Schwarzman, the Blackstone Group chief executive who has endowed a master’s program at Tsinghua University in Beijing and donated heavily to Trump, and Steve Wynn, a casino magnate with ties to Macau who resigned in disgrace from the Republican National Committee this year
China says army will act 'at any cost' to prevent Taiwan split
10/25/2018, 3:10:02 AMChina's army will take action "at any cost" to foil attempts to s... ✔ China’s military ties with the United States are important and sensitive, Wei said, adding that China will never give up an inch of its territory ✔ Beijing opposed displays of strength and provocation in the South China Sea by nations from outside the region carried out under the pretence of protecting freedom of flight and navigation, he added ✔ Our Standards:The Thomson Reuters Trust Principles
China vows to defend Taiwan, South China Sea 'at any price'
10/25/2018, 3:44:52 AMAttempt to separate Taiwan from China and Chinese armed forces will 'take action at any price', warns defence minister. ✔ So you're going to see us … permanently assign forces for the eventuality that in 10 or 15 years we're going to be having to fight in the Pacific ✔ China-Taiwan relations have deteriorated since the island's President Tsai Ing-wen swept to power in 2016 ✔ Special series The Coming War on China
Stocks crumble as global growth, U.S. earnings fears hit markets
10/25/2018, 3:20:36 AMSYDNEY--Asian shares dived on Thursday as hundreds of billions of dollars hemorrhaged from global ma ✔ The Nasdaq closed down 12.4 percent from its Aug. 29 record closing high, falling 4.4 percent for the day in its biggest one-day percentage decline since Aug. 18, 2011 ✔ Brent crude fell 69 cents to $75.48 a barrel, while U.S. crude dropped 54 cents to $66.28
Asian shares slump as Wall St. erases all of 2018 gains
10/25/2018, 12:49:35 AMAsian shares dived on Thursday as hundreds of billions of dollars hemorrhaged fr... ✔ In dollar terms, the Nasdaq vaporized $524 billion in market capitalization overnight ✔ According to data analyzed by Reuters, the proportion of stocks, regions and sectors that are technically in a bear market has shot up since the start of January, prompting some analysts to conclude the bull run may already be over ✔ [O/R] Spot gold was a tad firmer at $1,235.70 an ounce ✔ Our Standards:The Thomson Reuters Trust Principles
When Trump phones friends, the Chinese listen and learn
10/25/2018, 1:10:54 AMTrump's aides have warned him that his mobile phone calls are not secure and have told him that Russian spies routinely eavesdrop on the calls as well. ✔ In what amounts to a marriage of lobbying and espionage, the Chinese have pieced together a list of the people with whom Trump regularly speaks in the hopes of using them to influence the President, the officials said ✔ The New York Times Security Donald Trump USA Most Viewed in World Loading Please explain Our weekly podcast giving you insight into the stories that drive the nation
Stocks crumble as global growth, U.S. earnings fears spook markets
10/25/2018, 2:20:35 AMAsian shares dived on Thursday as hundreds of billions of dollars hemorrhaged fr... ✔ In dollar terms, the Nasdaq vaporized $524 billion in market capitalization overnight ✔ The Dow <.DJI > fell 2.41 percent and the S&P 500 .SPX lost 3.09 percent ✔ [O/R] Spot gold XAU= was a tad firmer at $1,236.52 an ounce ✔ Our Standards:The Thomson Reuters Trust Principles
Ugly stand-off between Italy and the EU proves why we voted to leave!
10/25/2018, 1:52:26 AMALEX BRUMMER: The EU has chosen this moment to declare war on Italy’s democratically elected government, led by Giuseppe Conte, by refusing to sign off on the country’s budget. ✔ You’d think the EU had enough on its plate trying to thrash out a Brexit deal with Britain ✔ Yet in the past, Italy has found it relatively easy to run big budget deficits and a large national debt because of the willingness of citizens and the country’s economic institutions to hold large amounts of government debt
South Korea’s president is struggling to “democratise” the economy
10/25/2018, 2:42:22 AMCurbing the power of big business is hard ✔ Promise postponedSouth Korea’s president is struggling to democratise the economy Curbing the power of big business is hard CHO IMHO is angry ✔ Wages for the bottom 10% of earners have barely risen over the past two decades ✔ And a downside of the directive was also discernible: bars and restaurants in central Seoul reported a loss in business
Tumbling markets complicate Trump’s midterm messaging
10/25/2018, 12:02:05 AMThe president, who often touts the economy’s strength, is focusing on new subjects amid signs of strain. ✔ Our job is to focus on what the economic numbers say, and the numbers are very solid right now, Kevin Hassett, chairman of the White House Council of Economic Advisers, said in an interview ✔ Analysts diverge strongly on how strong or weak the report will be
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