Sun, 21 October 2018
TARIFF WAR: WILL THE CHINESE KICK APPLE & GENERAL MOTORS OUT OF CHINA? WILL THEY BLOCK THE DISNEY/FOX DEAL?
Our FEATURE today focuses on the prospect that the Chinese government may be planning a major retaliation to President Trump's imposition of tariffs on their exports. One, they are permitting their currency (yuan) to devalue vs the US dollar making their exports cheaper. Two, they are in a position to prohibit the merger of Disney and Fox which will curtail 40% of their movie box office receipts.Three, they could kick Apple, Inc out of China which accounts for 18% of I Phone sales and Four, demand that General Motors end all production of its' cars in the country. These options may seem absurd to many but given China's action in the past re other US companies this type of action is possible. Its' impact on employment in the US is a major factor. Other topics include: The contradiction and dilemma of US investors, Greed, Hope & Fear, Good, Bad and Ugly, Bad day at Blackrock, Consumer prices rise, Pump prices stay high, The 200 day moving average is breached, Euro banks are buying GOLD, Real estate is suffering from a perfect storm, Tom Steyer attacks Arizona, Trump brings relief to California and Where has Jamal Khashoggi departed?
Direct download: TMB-18-10-21-Tariff-War-will-Chinese-Plan-Major-Retaliation.mp3
Category:News & Politics -- posted at: 11:08am PDT