china telco giants. we are talking about china unicom, china telecom and china mobile. those shares surging. icom up by 8%. china mobile up 5.5%. according to the statement, the nyse said it no longer plans to move forward with the de-listing action in relation to those stocks. issue is will continue to be traded on the new york stock exchange. the new york stock exchange regulation will continue to evaluate the applicability of executive order 39, two these insurers. so, breaking news. no longer intending to move forward with the de-listing of those three telco giants in china. those stocks surging. rish. well, absolutely. certainly, checking on oil companies because they were the next one in line to be delisted. to politics. george of the crucial senate runoff election in recent u.s. history. a drive-in rally just hours ago. >> we need you to vote again in record numbers to make your voic es heard again and again. to change georgia. to change america again. this is not an exaggeration. georgia, the whole nation is looking to you to lead us forward. you know it. rishaad: let's get to the sen

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 statement came from the berlin fashion week taking place digitally does year but these share these shirts and shorts won't end up in an old clothes container just yet. the corona

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. number 2 to the suppression of chinese firms has a limited impact on the chinese companies but it will harm the us his own national interests and the image of that country as well as the global position of the us capital market has changed. the about face from the new york stock exchange has been called bizarre by some market watchers and is leaving traders smarting from the whiplash. but this saga could continue in its statement the new york stock exchange added they will keep an eye on whether these companies can remain listed. now let's get more on this from our reporter in taipei song so so so what's the reaction been from the u.s. government to this move by the new york stock e

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 of the u.s. capital market has changed. the about face from the new york stock exchange has been called bizarre by some market watchers and is leaving traders smarting from the whiplash. but this saga could continue in its statement the new york stock exchange added they will keep an eye on whether these companies can remain listed. nearly half of all power generated in germany comes from renewable resources solar wind hydro power and biomass account for around 40 percent of that energy mix

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 of 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 position of the u.s. capital market has changed. the about face from the new york stock exchange has been called bizarre by some market watchers and is leaving traders smarting from the whiplash. but this saga could continue in its statement the new york stock exchange added they will keep an eye on whether these companies can remain listed. right a decision that caught many by surprise our financial analyst in new york now joins us good to see you what's behind this incision a surprise a lot of people.

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 position of the u.s. capital market has changed. the about face from the new york stock exchange has been called bizarre by some market watchers and is leaving traders smarting from the whiplash. but this could continue in its statement the new york stock exchange added they will keep an eye on whether these companies can remain listed. nearly half of all power generated in germany comes from renewable resources solar wind hydro power and biomass account for around 40 percent of that energy mix about 2

the nyse initially said it would delist china unicom, china mobile, and china telecom on 7january basedtory from our asia business hub. hello, sharanjit hello, shara njit leyl. hello, sharanjit leyl. hi, hello, sharan'it leyl. hi, samantha. _ hello, sharanjit leyl. hi, samantha. those - hello, sharanjit leyl. h , samantha. those chinese telecom firms seem to have been waiting for the transition of power to the bidon administration. they announce that essentially they had made this request for a review today just hours after joe biden was sworn in as a trump's successor in washington. you will recall that after some flip—flopping ljy that after some flip—flopping by the new york stock exchange they were delisted following an executive order by former us president donald trump, which aimed to stop americans from investing in public companies that his administration claims to have links with the chinese military. these are the three largest telecom companies in china. they are huge. they lost billions of the value of the whole —— hong kong traded joe's after being delisted from not just wa

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. number 2 the suppression 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 of the u.s. capital market has changed. the about face from the new york stock exchange has been called bizarre by some market watchers and is leaving traders smarting from the whiplash. but the saga could continue in its statement the new york stock exchange added they will keep an eye on whether these companies can remain listed. now let's get more on this from our reporter in taipei song so so so what's the reaction been from the u.s. government to this move by the new york stock

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 of the u.s. capital market has changed. the about face from the new york stock exchange has been called bizarre by some market watchers and is leaving traders smarting from the whiplash. but this could continue in its statement the new york stock exchange added they will keep an eye on whether these companies can remain listed. right a decision that caught many by surprise our financial analyst in new york now joins us good to see you what's behind this decision to surprise a lot of people.

thisdevelopments on listing story, saying they will be going forward with the deletion of china unicom, china mobile, and china kind of reaction have we had from beijing, and does this also raise their higher, and potentially we should be looking to see what sort of retaliation there is against u.s. companies? >> i'm not sure that any real retaliation will be forthcoming. the strategy of beijing, for at least the election, has been when the u.s. takes action against china, for china to retaliate, to show that it is not going to take these things lying down, but to try to take actions that are not going to escalate the situation because ultimately, beijing wants to see what a biden administration will look like, what the policy framework will be when that administration comes in. i think you will see more tough , similar to when the new york stock exchange had its delisting/not delisting saga. willhina administration make the point of how quickly u.s. rules can change. samsung's fourth quarter numbers missed estimates. shares are still higher in seoul. this is bloomberg. ♪ karina: this is daybreak asia. while p

the exchange not to delist china telecom, china mobile and china unicome came after consultati cn anding the crypto currency could go as high as --. interesting the jpm is putting out $146,000 target. i've heard people say the winklevoss twins have talked about half a million dollars a million dollars of bit coin. i don't know joe? >> i've seen some -- i've seen some really funny things there i've seen some funny things where people argue about it and say look there can only be 21 million. but why not just cut it into the bunch of fractions then there is no supply problem. you would have as much as you want and they say it with a straight face. and i've seen a lot of the hod lers list a lot of comments from people just to say, you know, math is hard it is hard work. it is hard to understand if you believe that, you know, the global financial system is really large and if you just do a small percentage that if it were to end up in some type of digital currency you are in the trillions and we're nowhere near there now but we're getting there. we're more in the half trillion at this poin

equities from trading after all the flip flop by the n n n y s e which will remove china telecom china mobile and china unicom the exchange back to its original policy announced last week. that cohen is continuing its rally trading at over $37000.00 now and hitting a new record high on the day institutional investors have been scooping up the cryptocurrency as a hedge against the u.s. dollar which is while owing 3 year lows. german biotech firm cure is linking up with pharma giant buyer to get global support for its experimental covered 19 vaccine bio will help cure back gain approval for its job as well as provide access to its global supply chain and distribution network according to the german newspaper built. ability is an essential part of the movement towards a more sustainable world however there is still no widescale solution for recycling the raw materials in those vehicles particularly in the batteries they can save valuable matters that are live in limited supply particularly cobalt nickel and lithium but recovering is by no means straightforward. this fire department in the german city of lehman i

china. i actually think that that is a scenario there. in terms of some of these stocks that you mentioned today, china mobile, china telecom, china unicom,n i look at those from a technical standpoint, not from the fundamentals of whether they were listed or de-listed, china telecom, china mobile i think are tough. they are very much at big-time resistance, whereas china unicom from a trading standpoint has a lot of room to break out to the upside. all that being said, i think we all have to be very cautiously -- i don't know if optimistic is even the word for it. but very cautious about it because the overhang, as you alluded to, is there and it's not going away any time soon. liz: well, yeah. our sources just to be clear are telling "the claman countdown" that the nyse has full intent on complying with this government executive order to de-list these three names once they can clarify that the three names are on the list. i will say i remember when the word first came out in late november and we heard from the government that some names were going to be de-listed or forced to be de-listed, we were like which names? it was really hard to

the exchange had planned to remove shares of china telecom, china mobile and china unicom from january board says the new decision comes in light of further consultation with regulators. it doesn't give any further details. trump issued the order in november. it prohibited american investment in chinese firms with alleged ties to the military. beijing opposed the delisting and warned of countermeasures. it said the move went against market rules. >>> shareholders of fiat chrysler and the parent company psa have given the go-aheado a merger. the move will create the world's fourth largest call maker to be called stellantis. the europe-based auto makers launched the talks two years ago. the eu granted anti-trust approval for the deal last month. >> we believe that the coming decade will redefine mobility as we have known it. we and our merger partners are intent on playing a leading role in building this new future. and it is this addition that has brought us together. >> brands within the combined company will include peugot, fiat and jeep. stlantis will trail volkswagen and the nissan

china after the potential removal of telco. companies may be banned over alleged links to the military. china mobile, china telecom, and china unicomoon. china mobile says it has not received notification from the new york stock exchange while the other to regret the decision. in other news, the u.s. congress has met with first time with nancy pelosi winning another term as house speaker. calls for a new generation of leadership. there was no other candidate and she achieve the required 50% of the vote to secure the gavel. it could be a momentous week with members preparing to debate and ratify joe biden's election win. to the u.k., financial firms have won a life line from italy where they can continue to do business even as non-eu companies. rome says it applies to any firms that applied before the end of last year. the u.k. and single market clinched a deal but critics say it accounts for 80% of the u.k. economy. byia's trade deficit jumped 26% as imports surged. inbound shipment rose 7% and exports flatlined. gold imports ballooned more than 80% from december of 2019 while petroleum products on the biggest decline for any commo

remove china telecom china mobile and china unicom exchange back to its original policy last week. because it is continuing its rally trading as over $37000.00 and hitting a new record high today institutional investors have been scooping no secret currency as a hedge against the u.s. dollar which is wall owing 3 year alone. now german biotech firm cure of ak is in the event stages of producing a vaccine against college 19 and it's linking up with fellow german pharma company bya to help develop and distribute the corporate giants will also assist in getting the m r n a based vaccine approved cure back expects its 1st results from its phase 3 clinical trials by the end of march it hopes to supply hundreds of millions of jobs once it's ready. to vaccinating against covered $1000.00 is one thing but another virus is lurking bird flu is not harmful to humans but it can wreak devastation on farmers more and more countries in europe have been reporting local outbreaks in recent months of 200000 chickens and other poultry have already been cold but the epidemic seems unstoppable. a few d

the legitimate rights and interests of the chinese and to price change with china telecom corporation china mobile and china unicom hong kong will all be delisted from the new york stock exchange between the 7th and 11th of this month hong kong listed shares in all 3 companies saw significant declines early in trading monday before rebounding to close out the day u.s. listed shares in the companies however have declined more than 5 percent each. and for more on this and some other economic and market related news of the day let's go to bring in octavia moran's the c.e.o. of optimists l.l.c. octavia always a pleasure to have you on the show what do you make of this move regarding delisting these chinese telecom giants and how is this going to actually in fact affect investors trading these companies on the new york stock exchange. well it would be ironic to hear that sort of full throated defense of free market capitalism coming from the chinese who are basically complaining about being delisted in new york so that was slightly amusing to see years of the roles reversed i think in some of the real impact for invest

china, today at 4:00 a.m. eastern the new york stock exchange officially delisted china telecom, china mobile and china unicomres it comes after president trump signed an executive order in november banning american investors from investing in chinese listed companies on american exchanges that the administration accuses of financing china's military. in a fox business exclusive former secretary of state for economic growth and also former vice chair from goldman sachs bob poor max joins us now, meaning to director at tiedeman advisors. the push and pull of you should be and, yes you are not another officially delisted, what message does this send to investors. starting with confusion and sends a message that the administration wants to put pressure on china and it is done this to indicate his displeasure with china for a whole variety of reasons, the actual economic impact on china or the three companies is not enormous but symbolically it has certainly been one of many signals the administration has sent in its unhappy with china and wants to take action against them or chinese companies. liz: is sort of ce

president trump issuing an executive order, ordering shares of china telecom, china unicom and china mobilesomething's afoot. we just don't know what. apparently discussions between the new york exchange and regulatory agencies persuading them that they don't have to delist suddenly, or that a deal of some sort is in the works, or has been made. we'll keep you apprised. >>> also breaking tonight president trump has signed an executive order that bans transactions with eight chinese software applications. among the applications, alibaba's online payment mat form alipay alibaba founder by the way, chinese billionaire jack ma, he hasn't been seen for a while. he has been missing for two months in fact, not seen in public since he called for economic reform in communist china. there are reports that have surfaced and by surfaced, i mean have been spun out by the chinese disinformation agencies and disinformation campaigns that ma is not in harm's way but simply laying low, maintaining hoe profile. that he is just fine. everything is ducky. that wasn't what the chinese influence peddlers said. t

china mobile, china telecom, china unicom hong kong are all down between three and 496 in are all down 4% in hong kong where they are also listed. the chinese commerce industry had already chipped in earlier, saying that they would take necessary measures to safeguard the interests of chinese firms. the companies themselves in a statement said they regretted the move but have not actually gotten any official notification from the new york stock exchange. 0ther shares though interestingly taking a summer today are companies from china's petrochemical sector because some analysts suggest those companies may be next on his every spending less. this list was originally published in november as part of the trump mensuration's efforts to buy us investment in 31 firms —— trump administration, owned and controlled by the chinese military. that list was expanded in december and now more chinese firms are added doing what is essentially two essentially president trump's last days in office. they are designed to make it difficult for president—elect biden to wind back when he is born into office.

china mobile, china unicom slumping in hong kong. the msci index dropped. exes by the end of trading on friday. that is on top of the nysc planning to delist them. samsung surging about 2%. short of estimates, not enough to bring sentiment down. sincei jumping the most 1988 after it was reported about the apple tie up, currently up by more than 22%. here is how it is looking for the currency market. we are tracking the yuan. 650 down. 640 inside. the yuan has gained about 7% in the last year. taking a look at the aussie. heading towards the key psychological level of the currency surge. almost 10%. that was in 2020. quite a move for the aussie. rishaad: online personal finance apparentlyi is agreeing to go public. -- upstart of around $8 billion. we spoke with the ceo. makes aeason why a spac lot of sense is a couple of factors. we can sit down with investors over a longer period of time and educate them before we become a public company. we spent the last two weeks educating investors to raise the pipe, and we will spend 45 days educating a group of institu

with relevance authorities just days after saying that it would move to delist china telecom, china mobile and china unicomshares rallied on the news the nyc had originally planned to drop the companies in order to comply with an executive order from president trump seeking to bar american investments in companies that the white house allegedly aided the chinese military also rallying today are shares offoxx, they signed a deal wit a carmaker to help produce its first vehicle. the suv expected by the first quarter of 2022. it marks a big push bay foxco into auto manufacturing. sfla a . >>> and nearly 200 top business leaders are calling on congress to certify joe biden's victory leaders from companies like goldman sachs, pfizer, jet plus among those signing the letter at least 140 house republicans and a dozen senate republicans are preparing to vote against biden's victory wednesday, a push to overturn the election results when congress will meet tomorrow to certify that contest. >>> so with everything going on out there, the georgia senate race, the uk lockdown, iran rattling its saber, what is the most

petro china and sinopec, as the other big 2, 3 oil majors, -- other in total that could be delisted, caffe mentioned that china unicom, china telecom corporation and china by bile, -- china mobilelisted by the new york stock exchange. that announcement came last week and we know they will be suspended from trading between gender 7-11. that followed -- daniel right seventh-11. 7-11, following the executive order by president trump, you're seeing sharp prices fall in hong kong on the back of this news. it may be worse about that substantial as most of these companies get the vast majority of the revenues from the domestic chinese market. the symbolism is having us at -- an impact on share prices today. china has said these moves by that u.s. are groundless and reckless. seeaad: anytime we could thought in these fraught relations between washington and beijing with the new administration in the white house? tom: we have had an olive branch dangled by the foreign minister here in china, he said he thinks there was potentially a new window of hope for constructive dialogue. he says china has noise been open to talking with the u.s.. he characterized -- china has always been open to

list shares of 3 chinese own phone carriers just days after saying it wouldn't so china telecom china mobile and china unicom will be suspended from january 11 the decision comes off story trump executive order was clarified it effectively bans u.s. investors from buying shares in firms deemed to have ties to the chinese military beijing has accused the us of misusing national security to hamper competition and another high profile chinese former executive has been sent to jail for bribery hugh bank bought life in prison for it taking more than $13000000.00 in bribes between 20092019 the former chairman of china development bank was arrested last february earlier this week in court sentenced. to death for bribery and corruption while heading a state owned asset management firm. and we stay with china because it's reported its biggest rise in corona virus infections in more than 5 months with a province that's there the capital beijing now the country's hotspot a mass testing drives underway and gatherings have been banned rail air and highway connections to the region's capital. have been suspended and china

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 mostly flat on tuesday and had a slight rally in the final hours of trading recovering some of the prev

tohave their american depository shares traded on the new york stock exchange china unicome hong kong, china mobile and chinabe delisted. each of those shares a little weaker john, you have come down by 1.8% >> warning now of a difficult start to 2021. phil lebeau joins us with a special exclusive guest. the numbers you released, you lost $1.9 billion in the fourth quarter. wider than expected loss compared to analyst expectations do you think the fourth quarter was the bottom, so to speak, in terms of how bad it will be in terms of demand for air travel in the united states we've been getting progressively better core cash burn was 38 million in the second quarter, 28 million in the third quarter and 19 million in the fourth quarter. with demand, it has flat lined we expect it to be similar in the first quarter. the good news is regardless of what happens in the near term, we have real confidence in the long term. there is a recovery. pent up demand for air travel. until we can put as a society coronavirus in the rear-view mirror, it's going to continue to be a tough environment for aviation for everyone in

nyse is reconsidering its decision that i mentioned yesterday to halt the delisting of china mobile, china unicomand china telecom. this is after stephen mnuchin intervened personally saying that he was opposed to yesterday's surprise you turn. it caught the white house, the treasury department, and the state department all off guard yesterday. not helping clarify the situation were rather opaque statements i read on the air yesterday from the treasury office of foreign asset control, basically that there was a misinterpretation of that because the comments were saying , to delist these companies was not necessarily required. and that would not be effective. initially, the nyse thought it was complying with the trump executive order but became -- but reversed course when it became unclear the companies were actually banned. we wantuchin has said, you to go ahead and delist them. we are hearing from sources that the nyse is considering that. that executive order is still planning to take effect january 11, which is nine days before trump is due to leave the white house. shery: which takes me to my

delisting decision it had decided around new year's it was going to delist three china telecom companies. china mobile, china unicom and china telecom. they said they decided not to delist it. the only explanation was in light of further consultation with relevant regulatory authorities, i have tested them, they have declined to provide any further guidance on what their decision-making is but i think the answer probably here is that treasury was the one who promulgated the regulations at the request of the president, and it is not exactly clear whether companies should be delisted or not delisted i think it is probably clear that to the nyse it is not clear that those three companies should necessarily have been delisted a strange about face, carl, on that, but that seems to be the obvious explanation. a lot of room for interpretation and you see the bounce from the three companies and the nyse is happy not to antagonize a big listing partner, the chinese government, for any future listings carl, back to you. >> yeah. we'll be looking for some more background on that, bob. thanks bob pisani when we come back, we'r

china mobile and china unicom are seeking a review of this delisting.nt to take the company and shareholders. they want the review on january 20. plenty more to come. this is bloomberg. ♪ his is bloomberg. ♪ haidi: before we get a check of the markets, we have a miss when it comes to japanese exports for december. 2% rather than 2.4% as expected. a big fall of over 11% when it comes to the import number. let's get a look at the markets with sophie. sophie: lower reaction in the yen. singapore open to the upside. we are waiting on the boj decision. moving to the upside after u.s. stocks went to a record overnight. checking australia, the asx at an 11 month high with tanks and tech gaining ground. energy shares under pressure, below $53 a barrel. gold producers in sydney are gaining ground. trading 1870 this morning. some lift overnight for gold. this rebound in aggregate commodity prices has been a boon for commodity related equities. projections are signaling caution for optimism of the 122 msci materials index. 82 are expected to see prices rise. the a

china's three biggest telecommunication companies have reportedly asked for a review of the decision by the new york stock exchange to delist their shares so according to bloomberg, and filings in hong kong, china mobile, china unicom and telecom have appealed the decision by the nyc, triggered by an executive order by former president trump, the companies admit there's no guarantee the request to review will be successful, and take a look at shares of united airlines, under pressure this morning following its 4th quarter results, down about 2% in premarket. the company posing its fourth straight quarterly loss, and says it expects first quarter revenue to be down 65 to 70% from the same time in 2019 united says that it expects to surpass its prepandemic margins by 2023, but also warned that sales will suffer early this year as the health crisis continues. in the meantime, don't miss united's ceo live on "squawk box" coming up at 8 eastern. brian, we'll send it back to you. >> rahel, thank you very much, we'll see you in a bit now to d.c., as president, joe biden prepares for his first full day on the job as commander in chief and wasting no time in getting down to business, signing off on a series of executive ord

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 or a listing 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 followed the side of an executive order by u.s. president trump in november banning americans from investing in companies linked to china's military the new york stock exchange says it made that decision after consulting u.s. regulators beijing has accused the trumpet ministration of politicizing trade in arbitrarily suppressing chinese companies with a certain to surely some political forces in the united states have continuously suppressed f

executive order that would require them to being do you listed state owned companies china mobile china telecom and china unicom have individually requested the n.y.s.e. to begin their a view with 3 nearly identical letters that within hours of biden's inauguration so joining me now to discuss both and investigative journalist ben swan so ben where do these companies currently stand. yes so right now there is essentially asking the new york stock exchange as you mentioned to reconsider this deal list and it goes back to an executive order that was signed by president trump back in november i believe it was november 11th of last year and the goal of that executive order was essentially this it was saying that any chinese company that assists in any way the chinese military could not be on a stock exchange in the united states because u.s. investors were banned from being able to invest in those companies that was the idea so the n.y.s.e. essentially had to delist these companies and that took place apparently late last year and then as recently as january 11th of this year they stopped actually trading stocks so

after the state said it would remove shares from china mobile, china telecom and china unicom.ending covid-19 restrictions through mid-january which includes the ban on people moving around italy. it's also changing the rules as higher risk. struggling to speed up the vaccination. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i'm 120 countries, leigh-ann gerrans, this is bloomberg. francine? francine: it is election day in georgia, but donald trump and joe biden have last-minute campaign rallies on the eve of needote but -- republicans to win just one of the two seats up for grabs to maintain their majority, and the democrats need when both seats. joining us is leslie vinjamuri, head of the u.s. america's program at chatham house. how tight will the race be in georgia? leslie: i think it will be very tight. both democratic candidates are up by a couple of points, but i think that is probably due in large part to the fact that a lot of democratic voters continue to vote early. the polls are tougher to be

york stock exchange delisting three chinese telecom companies, so they are china mobile, china telecom as well as china unicomrities will be suspended later today. msci also delisted those three companies. these moves will limit the amount of capital these companies will attract, though it is not a huge amount compared to what they are attracting in asia, so the move you can argue is rather symbolic but if for example ali barber or 10cent were to be targeted the impact would be much bigger. 0f targeted the impact would be much bigger. of course president trump has been seeking to cement his hard line on china in the final weeks of his presidency, so tiktok, huawei, smic have all been just to namea huawei, smic have all been just to name a few and last week he signed another executive order banning transactions with eight chinese apps including alipay as well as we chat pay, but new rules were introduced which would allow chinese companies to sue for compensation if their interests are damaged by application of foreign laws. they didn't mention the united states but it is very clear that they are talking about

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 followed the side of an executive order by u.s. president trump in november banning americans from investing in companies linked to china's military the new york stock exchange says it made that decision after consulting u.s. regulators beijing has accused the trumpet ministration of politicizing trade in arbitrarily suppressing chinese companies made with easier to surely some political forces in the united states have continuously suppressed a

exchange says it no longer intends to move forward with the delisting of china mobile ltd, china telecom corp ltd and china unicomyl is following the story from our asia business hub. if you were watching us yesterday, we were telling you the opposite. quite a u—turn. we were talking about this just yesterday, sally, the chinese reaction to the delisting of these telecom companies but now as you say it is a complete u—turn and the new york stock exchange says it no longer plans to delist three of the biggest telecommunication companies in china. and in a statement, the exchange said it made the decision, quote, due to lack of further consultation with regulatory authorities. shares issued by the companies will continue to be traded and listed on the stock exchange. last week the exchange that it was 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

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 u.s. there was sick for for a 2nd or a listing 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 followed the side of an executive order by u.s. president trump in november banning americans been investing in companies linked to china's military the new york stock exchange says it made that decision after consulting u.s. regulators beijing has accused the trumpet ministration of politicizing trade in arbitrarily suppressing chinese companies with a certain to surely some political forces in the united states have continuously suppressed flor

china mobile, china telecom, china unicom have no meaningful presence in the u.s.. that is your bloomberg business flash. the u.k. and eu may have reached a trade deal, but it is a sideshow for london. its future rep -- rests on equivalence and questions remain unanswered on where it will be granted and what that will do to business. aqstair haines, the ceo of uis. forms a large portion of european share trading, but let me focus in on the amount of business you've fromshift just today london to paris. you set up an office in paris. how much business has shifted and what does that tell us about the way things play out from here? >> it is a fascinating day. inare the sixth largest firm europe in turnover and do five percent market share. 75% of our business has been european business conducted in london and overnight, we've seen 95.6 percent of that business shift to europe so europe has clearly at this point in time won the battle to win its share trading back into eu 27. ist: how important, then, your foothold in london or your head office in london? you are the s

signed an a executive order in november that banned americans from investing in china mobile, china telecom and china unicomciting ties to the chinese military. those are some of the headlines we're following this morning in the newsroom. dagen: thank you so much. coming up, house minority whip steve scalise discussing yesterday's chaotic scenes and the certification of the electoral college. next hour, georgia congressman jody hice talks the balance of power shift in the senate after a double win in the state's runoff election. former arkansas governor mike huckabee on where the republican party goes from here. don't miss a moment of it. you're watching "mornings with maria" live on fox business. our new house is amazing. great street, huge yard. there is a bit of an issue with our neighbors fencing. neighbor 1: allez! (sound from wind chimes) neighbor 2: (laughing) at least geico makes bundling our home and car insurance easy. which helps us save even more. neighbor 2: hey, sarah, hey, peter! neighbor 1: touché. neighbor 2: ahhh! neighbor 1: pret! neighbor 2: en garde! for bundling made easy, go to geico.

china mobile application to enter the u.s. market for national security reasons. since this decision, we issued orders before other chinese state-owned companies. china telecom, china unicom and others that held the fcc authorizations. they require the companies to demonstrate why the fcc should not begin proceedings to revoke and terminate operations in the u.s. based on similar national security concerns. last month, the fcc started the process for determining whether to revoke and terminate chinese telecom in the united states. they found that they failed to rebut the concerns. executive branch about the continued presence of that company in the united states and more than sufficient cause exists, and from the executive branch on security threats posed by the remaining three companies. and the fcc's china mobile and decisions followed recommendations followed by expert agencies in the executive branch which concluded that that posted security risks. this is the overall whole of government effort on national security issues on the telecommunications sector. last april, the president issued an executive order reforming the process by which the executive branch assists th