in as the 46 president of the united states i don't have proof of that but maybe the new york stock exchange try to buy some time but that's not where the saga ends 1st of all on monday all those chinese telecom stocks got under heavy selling pressure now on tuesday there was a big relief those talks even more than they lost on monday but then shortly before trading ended tier in the new york stock exchange right in my back of the head of the treasury stephen muchin actually was out saying that you disagree as was the new york stock exchange to not delist those companies so this saga is definitely not over yet all right a lot of questions remaining open there in stay with us want to ask you about another topic the recovering here and that is the alphabet workers union and that's the new organization of google engineers and other workers formed secretly a recent months and revealed this week after the elected officers and affiliated with a larger trade union representing communication workers and the aides of the you remain small only a few 100 members in the slacks bargaining rights but it m

government to this move by the new york stock exchange. according to many sources and why as he could still go ahead with its listings because the u.s. treasury secretary steven lucci phoned the n.y. as the on tuesday to tell him that they did he disagree with the decision to change the course of the de liston's so to the 3 chinese companies is nothing but a merely political decision to use the concept of dashon of security to suppress chinese companies and also to them it shows that how chaotic that the chump and construction is for the last 2 weeks they have in the white house so the 3 chinese companies would hope that the biden presidency could be more predictable and even change is that of order a so that they could be strong of the certainty of the u.s. rules but in the meantime we now also have this executive order from president jiang banning transactions through a chinese ups if it takes effect what sort of an impact is that going to have well we know that. they have already have another exact order to block some u.s. transactions

it remains to be seen what the new york stock exchange response will be. ks are down sharply over the last year. this is just one more thing sure to be an issue as 2021 gets underway. we want to get the latest on the markets more broadly from hong kong. >> here is a look at cash trading right now. start of 2021he with all sectors pretty much in the green. the mostch -- seeing in nine months after ssn see technology withdrew its takeover bid and you can see some ground gained here after the benchmark highs out 2020 at august and tnd asset management seeing dirty thousand for the nikkei could be in sight. let's check on some assets we are keeping an eye on this morning. oil markets very much in focus and being led higher. the bti is stalling after a three-day day gain but holding above that $48 a barrel. a lot of focus on crypto currencies. you have the rise in bitcoin and adding about 36% this morning. what a rally in crypto. the increase in new virus cases in australia appears to be slowing as restrictions take hold. we had the mask mandate taking effect ov

the new york stock exchange fighting back on the decision to delist major chinese telcos. rish?et's have a look at what is going on, markets getting underway with trading, slightly to the upside here, under 1% thus far. some remaining below that 30 level, so strength continues. the bank of thailand monetary policy committee saying they are standing by and ready to use additional policy tools if needed, given their recent minutes. ,ome challenges going forward not suggesting what those challenges would be. we could see a bit of a flat start for the nifty in india. the rupee is stable. ains against the dollar after bit of dollar strength coming in, as well. andhat is the bank market the prospects for the indian trading day. haslinda? stories, our top president trump has signed a new executive order banning transactions with eight chinese apps. delistthis and on the think saga, let's bring in stephen engle. 45 days. the administration is no longer in power. are a lot of there questions about this executive order, 14 days before there is a change of power with the biden administrati

stock exchanges in the first place. is a going to be a deterrence?companies be less facto?t in the u.s. de- michael: biden is not necessarily -- we don't think he's going to take as directly a confrontational approach towards china. the reason we included this as a top risk is that the broader, underlying issues driving tensions are still there. this is a very competitive relationship. it has gotten increasingly ideological hinge. none of this is going to change. i think we will see increased tensions spilling into financial markets, but it's not going to be because the biden administration is throwing out executive orders. it will be more concerns about governance issues, about investors putting pressure on companies over, for example, treatment of the uighurs. it's going to be those kinds of deeper concerns than it's going to be, you know, kind of bomb throwing coming from biden directly. , thank youl hirson so much, a hugely valuable breed from news made overnight as the treasury department really walks back the executive order from november 12. .

in as the 46 president of the united states i don't have proof of that but maybe the new york stock exchange try to buy some time but that's not where the saga ends 1st of all on monday all those chinese telecom stocks got under heavy selling pressure now on tuesday there was a big relief those talks even more than they lost on monday but then shortly before trading ended tier in the new york stock exchange right in my back the head of the treasury stephen muchin actually was out saying that you disagree as was the new york stock exchange to not delist those companies so this saga is definitely not over yet all right a lot of questions remaining open there in stay with us want to ask you about another topic the recovering here and that is the alphabet workers union and that's the new organization of google engineers and other workers formed secretly a recent months and revealed this week after the elected officers and affiliated with a larger trade union representing communication workers and the aides of the you remain small only a few 100 members and that's lax bargaining rights but it mar

are chilling even further as several chinese telecom firms will be delisted from the new york stock exchange with a packed show today dive right in. and we lead the program with an incredible weekend for crypto currency specifically big oil as the world's largest crypto currency hit an all time record high of over $34000.00 now by monday that number had fallen back to around 31. 1000 but still leaves big at record highs and those numbers are also causing a huge push for all courts joining me now to break it all down is jeffrey tucker the editorial director for the american institute of economic research and boom bust co-host and cryptocurrency analyst ben swan always great to have both of you ought to be on this specific topic now jeffrey i could see just the chop at the bit ready to go so i want to start with you obviously it was a great weekend for a big point what do you expect to see happen with over the course of this year. about predictions from i had predicted 30 k. by the spring and then a quick fall back to 17 k. so i did not expect 30 k. by the beginning of this new year and i'm a

china's top telecom companies are calling on the user of stock exchange to reverse a plan to ban them from trading in u.s. market the request comes just hours after biden takes office we have a lot to get to so let's get started. the north stream to pipeline could be hitting yet another roadblock lawmakers in the european union are now considering dropping their support for the project following the arrest of activists alexina vonn the and moscow the proposed resolution aims to halt construction of the pipeline stretching from russia to germany which is now 94 percent completed and it calls on the e.u. to review its relationship with moscow based all on of all news case german chancellor angela merkel said the arrest of the activist which was highly anticipated after he was accused of violating his probation has not changed her support for the pipeline as for the ongoing threats of u.s. sanctions merkel said she is still waiting to talk it all out with the new biden ministration within the 2 days but in the end of course we will talk about this with the new american administration bec

one of the big stories on the new york stock exchange in recent weeks was the expected delisting of 3 chinese tech firms all of them targeted in a recent u.s. executive order prohibiting americans from investing in a list of companies the government says is linked to the beijing government on monday the n.y.s.e. canceled that the listing leaving some to scratch their heads. as if trade and diplomatic relations between the u.s. and china couldn't get any foggy or. long the new york stock exchange had an announced it was delisting 3 communications giants china telecom china unicom and china mobile. the delisting followed an executive order from president donald trump which barred american investments and chinese firms owned or controlled by the military now the exchange says it's changing course after talks with quote relevant regulators but today's announcement is not undoing the mounting tensions. this expression of chinese firms has a limited impact on the chinese companies but it will harm the u.s. his own national interests and the image of that country as well as the global positi

government to this move by the new york stock exchange. according to many sources the n.y.s.e. could still go ahead with its listings because the u.s. treasury secretary steven loosing phone the n.y.s.e. until tuesday to tell them that they did he disagree with this issue and to change the course of the day liston's so to the 3 chinese companies is nothing but a merely political decision to use the cost of the national security to suppress chinese companies and also to them it shows that how chaotic that the chump and construction is for the last 2 weeks they have in the white house so the 3 chinese companies would hope that the biden presidency could be more predictable and even change is that of order a so that they could be strong of the certainty of the u.s. rules but in the meantime we now also have this executive order from president john bunning transactions through a chinese ups if it takes effect what sort of an impact is that going to how well we know that. they have already have another exact order to block some u.s. transactions with chad and the u.s. and the chines

the new york stock exchange saying it no longer plans to delist china telco giants, china unicom, chinae. stocks surging in hong kong. the nyse no longer intends to move forward with the de-listing actions in relation to the three issuers. and china unicom, china telecom corporation much china mobile are those companies that we are referring to. of course, we have trump, his executive order saying that these companies were among those directly supporting the chinese military apparatus. and security apparatus. development and modernization -- the new york stock exchange saying it no longer plans to do list these companies. we're seeing some, offshore .04% strengthening by 0 versus the dollar right now. rish? rishaad: strengthening there. and, of course, those china mobile, china unicom on the fly. 7.4%. up by 5.7%. coming up, we are asking whether the u.s. senate will be red or blue. the crucial georgia runoff's related -- what's at stake next. this is bloomberg. ♪ breaking news. the new york stock exchange says it no longer plans to do list china telco giants. we are talking about china

one of the big stories on the new york stock exchange in recent weeks was the expected delisting of 3 chinese tech firms all of them targeted in a recent u.s. executive order prohibiting americans from investing in a list of companies the government says is linked to the beijing government on monday the n.y.s.e. canceled that the listing leaving some to scratch their heads. as if trade and diplomatic relations between the u.s. and china couldn't get any foggier. the new york stock exchange had an announced it was delisting 3 communications giants china telecom china unicom and china mobile. the delisting followed an executive order from president donald trump which barred american investments and chinese firms owned or controlled by the military now the exchange says it's changing course after talks with quote relevant regulators but today's announcement is not undoing the mounting tensions. this expression of chinese firms has a limited impact on these chinese companies but it will harm the u.s. his own national interests and the image of that country as well as the global position o

but this new york stock exchange is germane to global wall street, is about the executive branch and about the state department, the treasury department, and indeed, the defense department as well. lisa: and the consistency in u.s. policy internationally. haven't been talking about that this much. much.ut this that janet yellen, what her china policy will look like, and how people will price that in. tom: let's go to emily wilkins in atlanta with this vote today. the two leaders showed up yesterday. who won? emily: i think that would depend on whether uri democrat or a republican. both biden and trump held rallies here yesterday. biden strongly emphasized his agenda that he wants to get americans those $2000 individual stimulus checks, and the way to do that is for them to elect jon ossoff and raphael warnock, the two democrats. trump also had a rally in georgia. he encouraged georgians to get out and vote for david perdue and kelly leffler, but also spent most of the evening talking about the november 30 >> , once again bringing up conspiracies, inaccurately claiming it was rigged a

in the new york stock exchange as u.s. markets face a sell off in the 1st trading day of the year we'll break it all down and as we go to break here are the numbers at the. and then as late as possible the usual. may need an australian version or they go this route yet there are people. who are. used to the measure up to the notion. that it's you i need to. study to go to college to introduce is that you must play. seems to me. to decouple image that if you need to go to church for this new look at a lot of these older to turn you into a pretty chilled holder is there will be a choice to be oh you're not it will show you such terrible perception of us talk it over out of this through with don't sure don't go who are full of concern you. point of saying they're beautiful i hear them mortally we're going there. you know they mean. to put so that the new word in the. qur'an dish to their hair for. gas to jenny it's just. the opposite he didn't gould. b.s.t. when you're in the water with you're the locus of us we're going to s

time now for a quick break but when we come back will the new york stock exchange a lot of china's top telecom companies to keep their listings now in the u.s. market with the by administration in office or will trump never ending battle with china have a lasting impact for the past it all next and as we go to break here are the numbers of the quote. where we said in 2008 right here on this show was that because there was no attempt to reform what the banks had done and the global financial crisis was caused by the banks who were hoarding the cash they were sitting on the cash they were lending it here we are in 2021 exactly as they predicted they did down reform the banks in fact they just expanded their credit card they expanded their capacity to print and borrow and then give away the cash to their friends causing now this huge crisis. right now the. people who are overweight or obese it's profitable to sell food. and sugary and solti under the big it's not at the individual level it's not individual willpower and if you go on believing that never change this obesity epidemic that i

time now for a quick break but when we come back will the new york stock exchange a lot of china's top telecom companies to keep their listings now in the u.s. market with the buy administration in office or will trump a never ending battle with china have a lasting impact for the gusset all next and as we go to break here are the numbers of the quote. geysers by the national survival guide. when customers go buy your gear sometimes. didn't help well reduce some lower. that's undercutting but what's good for market is not good for the global economy. so we were is this interview from season 3 she's going to be named chris mccomb the . number you. remember he's just going to run forever over there the guy did you hear that oh. i'm talking is a very international community. media used to be you don't need to tell. me this is going to keep going to keep it as this so you do. for the position of the one who used to look at the business for their nuclear cooperation the i'm told to go is everything refuse to believe it will be the front of t.v. with the above the. flood they have i would ha

the new york stock exchange says it's no longer planning to delist 3 major chinese tell a commission communication companies the about turn comes less than a week after it said it would remove the listings to comply with an executive order signed by president trump in november between e.u. has moved in beijing. these 3 companies are stage are in that the biggest chinese telecom companies in the country and they play a very significant role in china's economy so when the decision was 1st made to deal with them from the your new york stock exchange beijing really saw that as an attack on china they said that the trumpet ministration was politicizing trade and they said it was an unfair move that would harm the markets in general that being said though this move to delist was also lovely perceived as a symbolic one as these 3 telecom companies trade relatively few shares on the new york stock exchange so they maintain that were that this was not going to impact market operations in general that was largely seen as symbolic a way to shake confidence a way to put american that investors o

and the change of plan of the new york stock exchange decides not to remove the shares of 3 chinese telecommunications companies. welcome to the program the emir of qatar is joining other leaders from across the gulf for a summit in saudi arabia these are live pictures coming into us from the venue for the g.c.c. conference the plane arriving of course from the kingdom of bahrain it's expected that it's a mere hamad bin khalifa will take off that plane shortly to join other heads of state from the g.c.c. for that meeting will bring you that as we get it of course the summit could see the end of the illegal blockade of castle not after saudi arabia said that it would open its air sea and land borders to qatar and water seen as big steps toward resolving a diplomatic rift. tamala sale reports on the very latest. in more than 3 years after saudi arabia u.a.e. behind and egypt imposed a blockade on qatar finally a breakthrough but that the military fuck. up an agreement was reached open the land and maritime borders between the kingdom of saudi arabia and the state of qatar starting tonight this statement

well still ahead here on al-jazeera a change of plan the new york stock exchange decides not to remove the shares of 3 chinese telecommunications companies that story after the break. it's time for the perfect jenny. went sponsored point qatar airways how is the weather remains cold across a good part of northern china and it's set to get colder still that cold air plunging down across the korean peninsula and with this weather system here that's going to produce a fair bit of snow into japan over the next few days snow flurries rolling through as we go on through where to stay see some snow there coming into north korea the temperatures minus 9 the top temperature in beijing. top temperature and heat of the day minus $27.00 as we go through wednesday similar value for thursday but look at that snow look how widespread that is set to become as we make our way towards the latter part of the week sheltered by the mountains not too bad in tokyo temperatures here around 12 celsius in places of rightness notes across northern pakistan pushing across the far north of in the that's helping to

. >>> an about-face by the new york stock exchange lighting up chinese stocks, but breaking this hour, sources close to the new york stock exchange are telling us, giving us some insight here at "the claman countdown" that this story is not over. the new information you've got to hear before diving back into chinese equities. >>> closing bell ringing in 47 minutes. we've got green on the screen. "the claman countdown" is coming right back. research shows people remember commercials with nostalgia. so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. wow! what'd you get, ryan? it's customized home insurance from liberty mutual! what does it do bud? it customizes our home insurance so we only pay for what we need! and what did you get, mike? i got a bike. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ itthe new sleep numberst pric360 smart bed.on on what if i sleep hot? ... or cold? no problem, with temperature balancing you can sleep better together. can it help keep me asleep? absolutely, it intellige

still ahead on al-jazeera a change of plan the new york stock exchange decides not to remove its shares of 3 chinese communications companies. or we've got a real way to. gain now across a good part of asia we've got more snow coming into japan over the next couple of days bits and pieces that unites us as we go on through our web and stay with us know there across the korean peninsula and it really gathers as we go on into thursday so why it's widespread snowfall across much of japan by this stage and i suspect we will see some of that grassy pushing over towards tokyo clear skies come back in behind the minus 11 a top temperature in seoul on thursday sever a crisp one for you will see temperatures getting up to minus 6 am basing much of china will be dry as is the case across a good part of indochina but for india we got some rather wet weather now gathering across the south of the country further showers there into sri lanka we still got some wintry showers up across the northern plains pushing up through punjab up towards java and kashmir far north of pakistan also seeing some of th

also this half hour a change of plan the new york stock exchange decides not to remove the shares of 3 chinese telecoms companies. saudi arabia the u.a.e. bahrain and egypt all agreed to restore full diplomatic relations with cattle the kingdom's foreign minister made the announcement following tuesday as gulf summit in it's the most significant moment in regional relations since the illegal blockade began 3 years ago delegates from the gulf countries signed a declaration calling for solidarity and stability. you know like the correlation. has achieved a settlement of all issues outstanding in a way that is entirely satisfied factory to all nations involved all the countries involved we are extremely pleased with having been able to achieve this very important breakthrough that we believe will contribute very much to the stability security of all our nations in the region we we have as you mentioned been working very hard towards achieving this breakthrough for many years and the timing is. just that it's that we were finally able to reach that conclusion and reach. a mechanism that

about thewant to talk new york stock exchange.isa, your first view of treasury simply saying to the president, no. lisa: the idea of the uncertainty of policy, other executive orders, of how this ticket is transformed under a biden adminstration and how this could help chinese assets because people expect there to be an easier relationship with china under a biden presidency. tom: this is so important, folks. in the 8:00 hour, our sonali basak in conversation with mr. solomon of goldman sachs. an extremely important interview, made more important by china listings and delisting's in the new york stock exchange. there's nothing going on in georgia, right? lisa: those georgia runoff elections do take place. we will be keeping track very closely. people say this could be more consequential than even the presidential election. just to give you some perspective, joe biden would be the first person to start his presidency under a divided government if republicans keep the senate since 1989. tom: ancient history. lisa: also today, opec+

but through a computer and makes money on listings and having companies say i'm in your company stock exchangent amount of money, losing chinese companies would cost a decent amount of money and what they saw was the writings on the wall donald trump will not overturn the election in joe biden is going to be president, why turn away these two companies, these companies when the london stock exchange will pick them up, will be used on other chinese companies in the whole battle to gain listings and make money. that was a calculus, number one a business decision, making money doing the stuff and there is going to be a thought and the relationship to washington so they don't have much to lose. neil: i am grateful, you're one of the best out there in the new year of continued approval. thank you very much my friend, the best in the business by far. not because he's italian american. we have a lot coming up the dow at 152-point, do you think the guys are sensing that the senate stays as is, they have been wrong but something funky is going on, what is it. ♪ research shows people remember commercial

the new york stock exchange starts plans to delist with little explanation. ina mobile among those. good morning and welcome to bloomberg surveillance. i'm francine lacqua in london. the markets taking stock of what's going on with the virus and taking stock with what's happening with u.s. politics. the big story not only this month but this year is what happens to the dollar. looking at markets today, european stocks are fluctuating. fluctuating asso traders are weighing the concern of rising coronavirus cases, but also the key u.s. runoff election. the dollar falling and gold holding onto monday's gains. let's get the first word news with leigh-ann gerrans. leigh-ann: saudi arabia is reopening his land, air and sea borders with qatar. as leaders in the region are set to meet for a key summit that comes amid rising tensions in the gulf. the south korean flag tanker hours before it will ramp up nuclear enrichment. most of opec members including saudi arabia are opposing russia's proposal to hike supply. discussions are continuing today to give the group more t

treasury and stock exchange spokespeople have declined to comment.e are among the tech companies in preparation to make a long-awaited market debuts. in 2020, with companies going public in the u.s., companies are looking forward to the next leg, but will it look anything like last year? mark will it look like last year, this year? two: it is rare to see years look exactly alike. i think they will be equally robust. a little bit different. it will be an interesting time. having a strong 2020 is a good backdrop for 2021. the market shook off yesterday already and the vix came down a little bit today. watch how those get received. if they get received well, i think you will have a terrific 2021. emily: looking for a firm for example to raise potentially what they are targeting in their ipo. that one was scheduled for the end of last year but got pushed. talk to us about the companies that you are watching, presumably it sounds like you think the ipo window is still wide open. mark: we saw a great year last year in tech and health care. we saw a lot on

how markets are reacting plus the ongoing china does the listing saga continues as the new york stock exchange has flipped yet again professor richard wolf is standing by to operate is insight on the recent crackdown on chinese technology from the u.s. government would back show today let's dive right in. and we lead the program here in washington d.c. is thousands of supporters of president donald trump have to send it on the nation's capital the save america rally as it's being called comes of the united states congress was set to certify the 2020 alexion results wednesday formally declaring joe biden as president elect. the trump campaign has filed dozens of lawsuits in 6 battleground states since the november election claiming widespread voter fraud these suits have since been thrown out by judges in those states to take a deep look at the action boom bust co-host an investigative journalist ben swan is on the ground and filed this report but i see that is before you settle. this stuff all the people involved will sometimes converge on washington d.c. we're talking about the if they were s

that's everyone believes that with the caveat that some want even longer than that then york stock exchange says it will no longer plans to delist 3 major chinese telecommunications companies about turn comes less than a week after it said it would remove the listings to comply with executive order signed by president donald trump in november continue has this report from beijing . an unexpected backflip by the new york stock exchange reversing a decision to delist chinese telecommunications companies china mobile china telecom and china unicom just days after it was announced the new century as the 3 companies surging on the hong kong stock exchange on choose day but analysts say any celebrations unlikely to be short lived and the longer term i thing the tendency or the situation will not change at all because most of the old chinese companies are now this thing in the us there was sick for seek for a 2nd resisting opportunity maybe in hong kong or maybe in shanghai starboard because those chinese company will face more and more pressure from the record later the decision to delist followe

then bloomberg news reporting that it looks like new york stock exchange would go ahead with the delistinghey have confirmed it at the same time s&p 500 and the dow jones saying they will cancel the deletion of these three stocks. trend seen a big downward in hong kong trade with china 2006e falling nto -- to june lows. on the back of this news. look, of course, where there is losses there is buying opportunity and that is what deutsche bank is saying. you are seeing it into the selling we have seen since late december with these players having lost $20 billion in market cap. he's calling it the opportunity of the decade to get into some of these players. we also heard from edison lee at jeffries calling on tuesday these actions by the nyse, the back-and-forth, the most bizarre series of events he is seen and the u.s. in his career. we have reached out for, as to what he thinks now there has been yet another -- edison lee o n bloomberg television tomorrow. juliette saly in singapore. our next guest says the impact of delisting won't be listed. head of asia strategy from singapore. the stoc

business-to-business company run out of his apartment into an e-commerce powerhouse that trades on the new york stock exchange

shares issued by the companies will continue to be traded and listed on the stock exchange. as going to delist those firms. it was a response to the orderfrom president firms. it was a response to the order from president trump to bar investment in 31 companies that are controlled or owned by the chinese military. aside from the statement ijust read you, there is no clear explanation as to why the exchange has made this u—turn. we know we heard from the chinese foreign ministry, they called the plant delisting of the three companies unwise and they denounced what they said we re they denounced what they said were random arbitrary and uncertain rules. the chinese companies being added on this ever expanding list i being included in the last days of president trump ‘s presidency in this analyst had said it was designed to make it hard for president—elect biden‘s administration to ryan —— wind these new rules back. but judging by today's about—face that may not be the case. the three companies though not earn all their —— the companies are listed on us stock markets and their sh

morgan stanley and goldman sachs delisting 500 investment products listed on hong kong stock exchange that follows an executive order by president trump bahrain investment and companies with alleged links to china's military last week the new york stock exchange delisted streatch chinese telecoms. 2 out of 5 people would be willing to fly less once global pandemic restrictions on if this according to a survey from the european investment bank the poll offer more than $30000.00 people found that the change in behavior was driven by concerns about climate change. chinese also make a deal a which owns sweden's volvo will form a joint venture with tech giant by doing a leading developer of self driving technology the companies have not set a timeline as to when their products might be released. while the negative markets all over the world have started the year with a bang indices like the german dax are trading near record highs as find out now how this week is starting over to our financial correspondent conor have bosun everand for. tell me the earnings season gets underway now compani

stories making news a trio of chinese telecoms companies that were delisted from the new york stock exchange have demanded the decision be reversed following an executive order from former president donald trump the new york stock exchange delisted china unicom china mobile and china telecom on january the 7th journal i looked on as i says it is losing a 1000000 euros every 2 hours as a result of the decline in global travel the stark statistic comes on the day that dutch airline k. alam announced it would be shedding up to $1000.00 jobs over the related distractions have left several airlines on the brink of collapse tesla has got the green light to build an electric battery factory just outside of berlin and will be set up here is soon to be completed electric car plant where production is due to begin in july tesla c.e.o. elon musk says the german battery plant will be the biggest of its kind in the world. a lockdown measures have been a disaster to many economic sectors including the fashion industry by the end of winter half a 1000000000 pieces of apparel could have gone on sold that st

let's move hey lon and talk about the major move out of the new york stock exchange. they will no longer de-list three telecom companies. the plans are being dropped after further consultation with regulatory authorities telecom companies run 8% to 12% and shares of other companies are also flying. >> is this an embarrassment to the new york stock exchange or what now, i have to give them a little slack here because what actually happened here there was an order by the president and the treasury department is issuing regulations so obviously what seems to have happened here is they have decided now that these three companies actually don't fall under the regulations anymore. okay that's fair, but why didn't they figure that out before they decided to de-list them? that's the embarrassment and the obvious answer is the regulations are so vague, so hard to figure out and so difficult to interpret that not even the lawyers at the new york stock exchange working with the treasury could figure that out this is a bit of a black eye for the nyc but also a sign that it's very

the new york stock exchange starts plans to delist with little explanation.ood morning and welcome to bloomberg surveillance. i'm francine lacqua in london.

also this hour a change of plan the new york stock exchange decides not to remove the shares of 3 chinese telecoms companies. i'm joining us just covered the sport as catching a drive n.f.l. a team makes it 2 wins in a row at the dot com rally 2nd in the general classification after stage 3. ok let's get going let's begin this news hour in saudi arabia where gulf leaders are marking one of the most important diplomatic moments in recent years at a summit in a declaration aimed at resolving the 3 year long dispute with castle has now been signed the leaders calling it a solidarity and stability deal and it's focused on reaffirming the unity of the g.c.c. thing that i'm able to bring to an end up half hour block has been built on the basis of our shared roots and common traditions with the aim of serving the interests of our respective people therefore we should all work together towards achieving the goals on the basis of which this block was formed. i mean bin hamad al thani attended the summits. was greeted by the saudi crown prince mohammed bin selma with an embrace it follows the annou

confirming the report that's been out there that treasury secretary mnuchin told the new york stock exchangehe did agree with their reversal on chinese stocks you saw the reporting earlier today that the new york stock exchange had said it no longer intends to delist three chinese telecom giants that itself was a reversal of an announcement that was made last week and there's some confusion now over just where the u.s. crackdown is on these chinese firms and the nyse the senior administration official telling me that, in fact, mnuchin told the new york stock exchange he disagrees with their decision on those chinese stocks we're pushing for more details >>> separately, i'm told that the nyse, according to one official, acted on its own on this and now appears to be reversing again. so it looks like there's some confusion and perhaps a new moving target in terms of what the policy is regarding these chinese firms and we'll have to get more information i know bob pisani has been diving into this in detail as well and he might have more this afternoon. that's what we know right now, senior admi

the roaring twenty's in the new york stock exchange in new york in america he had almost no regulations and gangs of bankers would gang up on stocks and push the price around and it would all be trading on inside information and they had a great credit line with the each other and then you had a crash and then you had the securities act of $33.34 and you had a lot of regulations and then starting with ronald reagan and greenspan and continuing through each successive administration those regulations repealed away and we're now right back to the 1926 set to the leverage is a lot higher so in of course in the twenty's you could buy a stock with 10 percent down and that was raised under the new regulations to 50 percent down but using derivatives and options you really don't have to put you can put less than 110th of one percent down to control. a stock or security so this is going to end like the new. 929 crash is going to look really really tame compared to what's happening going to happen i also want to point out that you know you mentioned the 120 s. and there were a lot of like blank

and the new york stock exchange has reversed course on its decision to delist 3 of china's biggest telecom companies on monday we reported the exchange would delist china mobile china telecom and china unicom hong kong between the 7th and 11th of january to adhere to an executive order by president donald trump which would prohibit americans from investing in companies that the u.s. government says supply and support china's military so in a statement released monday evening the new york stock exchange said after consulting with regulatory authorities quote it no longer intends to move forward with the delisting action after shares of the 3 companies listed in hong kong took a hit monday all of them saw significant gains tuesday following this announcement . so with this in mind let's go ahead and take a look at the state of markets with angela sloan c.e.o. and founder of the sloan financial group and will always a pleasure to have you on here after the dow's new year you have a new year to you as well now after the dow saw its worst start of the year since 2016 on monday markets started m

now the new york stock exchange says it no longer plans to delist 3 major chinese telecom companies means that these firms will continue to be traded on the exchange the details were provided for the u.-turn let's hear now from dickie wall who's a stock analyst and he says that this was an unexpected nudes. it came in to his surprise but honestly speaking we can see those 3 telco share price rebounds quite significantly in the morning and the longer term i thing this tendency or the situation will not change at all because most of the old chinese companies are now this thing in the u.s. there was sick for seek for a secondary listing opportunity maybe in hong kong or maybe in shanghai starboard because those chinese companies will face more and more pressure from the regulators test no question asked at all let's join katrina you in beijing katrina jose has beijing likely to perceive that you today. well this is definitely going to be seen as a positive move we haven't had any official response from the aging yet but these 3 companies are state owned at the biggest chinese telecom compani