32 Burst results for "Sichuan"

China reports 2 new COVID deaths as some restrictions eased

AP News Radio

00:56 sec | 6 hrs ago

China reports 2 new COVID deaths as some restrictions eased

"Two new COVID-19 deaths are reported in China as it eases its restrictions following countrywide protests. The national health commission says the deaths were reported in Shang dong and Sichuan province, but no information has been given about the victim's ages or vaccination status. According to the commission, 9 in ten Chinese have been vaccinated, but only 66% of people over 80 have gotten one shot. These low figures and the fact that relatively few Chinese have built up antibodies to the virus due to strict lockdowns mean that many fear millions could die if restrictions are lifted entirely. But public anger and national demonstrations prompted by a fire in an apartment building in the northwestern city of Uruguay, which killed at least ten people, appeared to have pressured authorities to lift some restrictions. I'm Naomi Shannon

National Health Commission Shang Dong Sichuan China Uruguay Naomi Shannon
Fresh update on "sichuan" discussed on AP News Radio

AP News Radio

00:43 sec | 6 hrs ago

Fresh update on "sichuan" discussed on AP News Radio

" Two new COVID-19 deaths are reported in China as it eases its restrictions following countrywide protests. The national health commission says the deaths were reported in Shang dong and Sichuan province, but no information has been given about the victim's ages or vaccination status. According to the commission, 9 in ten Chinese have been vaccinated, but only 66% of people over 80 have gotten one shot. These low figures and the fact that relatively few Chinese have built up antibodies to the virus due to strict lockdowns mean that many fear millions could die if restrictions are lifted entirely. But public anger and national demonstrations prompted by a fire in an apartment building in the northwestern city of Uruguay, which killed at least ten people, appeared to have pressured authorities to lift some restrictions. I'm Naomi Shannon

National Health Commission Shang Dong Sichuan China Uruguay Naomi Shannon
China locks down 21 million in Chengdu in COVID-19 outbreak

AP News Radio

00:44 sec | 3 months ago

China locks down 21 million in Chengdu in COVID-19 outbreak

"Chinese authorities have locked down Chengdu a southwestern city of 21 million people following a spike in COVID-19 cases Chengdu residents have been ordered to stay home at about 70% of the flights have been suspended to and from the city which is a major transport hub in Sichuan province and a government and economic center in addition to the start of the new school term has been delayed although public transport continues to operate and citizens are permitted to leave the city if they can show a special need under the rules just one member of each family who can show a negative virus test within the past 24 hours is allowed out per day to buy necessities no word so far on when the lockdown would be lifted I'm Charles De Ledesma

Chengdu Covid Sichuan Charles De Ledesma
"sichuan" Discussed on Mac OS Ken

Mac OS Ken

06:03 min | 3 months ago

"sichuan" Discussed on Mac OS Ken

"Communication and iPhone 14 and iPhone 13 is for somebody to go in on it with Apple. Not kidding. TF international analyst Ming Chi quo hit with a ten point medium post on Monday. Full of some stuff that was encouraging. And some that was kind of disheartening. Let's lead with the good. So I'd like communication is good to go for iPhone 14 and it seems iPhone 13, the fast phone news is kind of surprising and not point the analyst says I learned that Apple had already completed the hardware development of sunlight communication in the iPhone 13, the lack of support is because the business model had not been negotiated. That appears to be the only sticking point for iPhone 14 as well. Like most analysts sees global star as apple's most likely satellite partner. Will the world get a satellite iPhone announcement next week's far out media event? Well, Apple star studded invitation might make one thing so Ming Chi quo was playing that one safe. Hard to predict precisely when the iPhone will offer satellite communication service, writes the analyst, but I believe it will happen eventually. Here's hoping I mentioned a disheartening part of his post, yeah, the very first point in his list, the increasing frequency of natural disasters and geopolitical conflicts in recent years will likely make emergency texting and voice services by a satellite communications, a must have smartphone feature. How's your day going? I got a couple of headlines around the iPad production on Monday that left me scratching my head. You may remember reports from a couple of weeks ago that had an iPad production grinding to a halt in China's Sichuan province. The government there shut down all manufacturing as temperatures soared over 105°F and power for air conditioning for citizens was prioritized over power for factories. That was supposed to stretch until the 20th of August, though shun offs went longer than that. At least some factories are back up and running now. And conditions under which they reopen led to confusing headlines. One from Apple and cider said, Foxconn reopens iPad plant with priority power grant from China, while another from 9 to 5 max said, Apple supplier Foxconn, Toyota, restart Sichuan plants, as heat wave eases. Funny thing is they were both working from the same source, a piece from nikkei Asia. That piece says both. That the heat wave has broken and the authorities appear to be supplying Foxconn, also known as hanhai precision industry with power on a priority basis, taking into consideration the economic impact on the region. According to the report, the Chengdu factory of Foxconn, which assembles iPads for Apple began to operate at normal capacity again on Thursday, the 25th of August, a person close to the factory confirmed. Lead times for Apple products are looking pretty good. iPad not included. That is the word from JPMorgan's global product lead time tracker, according to a piece from Apple and cider. It makes sense that iPad weights would be long. It's been hot in China, don't you know? Otherwise the piece says lead times for orders, generally moderated or remained stable for all product categories. Off the shelf, if you're looking at roughly a week for a mark according to JPMorgan, the wait for Apple watch is about four days. The wait for an iPhone is a couple of days and the wait for a pair of AirPods is down to a single day. A couple of points of note first, these are global average wait times. Your mileage may vary depending on where you measure those miles. Second, it's all about to get chunked out the window. Apple will almost definitely announce new iPhones and the Apple watches next week, one sorters begin waits for those will likely stretch out weeks as they do every time new iPhones and Apple watches are introduced. That said the current wait time for various products is not useless information. If we can be relatively certain that Apple supply chain is running smoothly, wait times for new products will probably be read as indicative of demand rather than a hard to read mix of demand and supply chain issues. iPad not included. A note of praise for Apple and its CEO from Wedbush analyst Daniel Ives on Monday Apple three ran part of a note he wrote wherein he predicted strength for iPhone 14 with a side of can you believe cooking company pulled it off? On the phone, the analyst says he and his are still looking for a 90 million unit launch about even with last year's iPhone 13 launch, they believe that the pro and pro max phones will see a price increase of $100 and they see a run of about 220 million upgrades in fiscal year 2023 driven by pent up demand, though held down a bit by general macroeconomic concerns. As for the praising, I've notes as despite the zero COVID shutdowns in China that disrupted the Asia supply chain across the board in March through may and caused some white knuckles on Wall Street, Apple CEO Tim Cook, yet again navigated Cupertino through the storm, and now was set for another flagship iPhone upgrade cycle. Mister Ives has an outperform rating on Apple shares. His price target on the shares is 200 $20. More news

Apple Ming Chi Foxconn China JPMorgan Sichuan cider Chengdu Toyota Asia max Wedbush Daniel Ives Tim Cook Cupertino Mister Ives
"sichuan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:31 min | 3 months ago

"sichuan" Discussed on Bloomberg Radio New York

"Industries to see how quickly they can ramp up production again and get the supply chain for their industries back on track. I mentioned that we are seeing a little bit of cooler weather. What are we expecting is it going to be some quite significant change and rain or what is actually expected. Yeah, you never exactly know what the weather, but it is very, very good in the forecast right now. So Sichuan has had the worst drought in more than 60 years since the beginning of July. But for the next couple of days, they're expecting rainfall to be about 40% above average So hopefully a lot of water to soak back into these depleted reservoirs. And then we're also going to see cooler weather move across China into the eastern parts in the south parts of the country, which while they haven't had as extreme power such situation as Sichuan. They've also seen factories have to sort of shift shifted their operations around to use power at off peak times because there wasn't enough power to go around. So that might start to ease a little bit as we get to the end of this week and next weekend. And then hopefully that will be in September and we'll start to get cooler weather and we'll have a month or two of release from that. What are authorities doing to try and ensure that this doesn't happen again? Is there any kind of preparation for looking at potentially other different resources and stockpiling too? Yes, there's a couple of things that they're doing. On a national level, what's China has done this year is really increased coal production to boost their coal inventories around the country to be able to have stockpiles here if it's necessary. Just one and its neighbor you not are sort of particularly unique provinces because they have historically been very reliant on hydropower Sichuan gets about 80% of its power capacity from its big dams along the river and other parts. They were just really affected by this historic drought here. But China is looking at a couple of specific measures to deal with the Sichuan issue One is just sort of increasing power capacity generation. That means windmills and solar plants, but also probably coal and gas power plants to deal with peaks. And the other is looking at increasing building of power lines to get more grid interconnectedness because this whole time that Sichuan was shut off. There were other parts of the country that had plenty of excess power capacity. They just didn't have the infrastructure to move it down to Sichuan. So better interconnecting the regional grids within the country could go a long way to solving these issues in the future. And

Sichuan China
"sichuan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:14 min | 3 months ago

"sichuan" Discussed on Bloomberg Radio New York

"The top of the hour we check the markets. You have every 15 minutes on Bloomberg radio, Asian stocks and U.S. equity futures are taking a tumble this morning. The nikkei down 2.7% and the cost be down 2.3%. Long duration asset companies are really struggling the most we're seeing information technology inside the nikkei down three and a half percent. So definitely outperforming to the downside. Those long duration assets struggle when interest rates are going up, we've got the two year yield up to levels not seen since 2007 at three point four 4%. Now we hit three 45 early this morning and the ten year yield here 3.08%. It picked up four basis points from the close. Fed chief Jerome Powell warned of economic pain for households and businesses. I was very strong language in the comments contrast with market bets earlier for reductions in rates next year as growth slows and again, equities are taking the brunt of the selling. Let's take a look at some individual players, a Japan display in Tokyo in that market trading down 4.7% this morning. You've got SK Hynix down 2.9% Samsung down about 2%. The dollar is a lot stronger, up four tenths of 1%, the Bloomberg dollar spot threatening to push past 1300 dalien one 38 35, some of the commodity linked currencies getting hit hard. The Aussie 68.62 U.S. cents, and right now looking more generally at Europe, where we're also expecting much higher interest rates, the heroes trading at 99.3 U.S. cents, WTI crude 93 35 a barrel, and if you're looking at havens, gold's not doing that well down three tenths of a percent, and in the crypto markets Bitcoin is trading at 19,640. And that is a check of markets, a couple of quick headlines for you news headlines at Baxter is off this week. Two U.S. Navy warships sailing through the Taiwan strait, the PLA says it's monitoring the cruisers. Widespread flooding in Pakistan has killed more than a thousand people. The country has been hit by serious flash floods since the middle of June, and Sichuan province in China has a sworn restored most of the power supplies for both industries and businesses. And that's a quick look at headline news. Juliet. Thanks, Brian. Let's get more on the market action and join Garfield Reynolds Bloomberg chief correspondent for writes who joins us in Sydney, so Garfield, I mean such significant kind of repricing happening here. We knew J power was going to be hawkish. Why do you think we're seeing such big moves? Well, he did a good job ultimately, I think, have actually exceeding the expectations for him to be hawkish. And in particular, he somewhat reminiscent of what went on at sintra, which was the last big global Central Bank meeting where there he was asked point blank about the prospect that you would get a recession out of the fed's policy. And the rest of what's going on. And back then, he essentially refused to rule out a recession. And really, between the life, he came pretty close to ruling one in at his speech, which he kept brief, but he did also say inflation is what has to be for there will be pain to households. There will needs to be. The needs to be below trend demand growth for some time in order to get inflation under control. It's very hard to get below trend growth for a while without getting a recession. So yeah, and stocks had some extreme reactions on Friday. That might have muddied the waters a bit for treasuries because some money came out of stocks that went into treasuries, just as haven flows. And now we're seeing treasury sell off a bit more today. And I think that's just a delayed reaction. Let's talk about what we are seeing in the bond market and potentially that inversion as well really suggesting that a recession could be on the cards now. Yeah, indeed, I mean, the several comments out already this morning from strategists and I would tend to concur. You can expect further bare flattening, I for short term yields to go up faster than long-term yields, which would fit if you've got a Central Bank saying, hey, we're going to keep on raising rates until we're sure that inflation is brought sustainably under control and we're willing to risk a recession to do so. So the two tens for the U.S. curve is at about 36 basis points. We could easily see that get back down towards the 50 or more inversion levels that we saw earlier this year. Also be very interesting to take a look at the so called palka looking at very short term rates versus expectations for those rates in a year and a half's time. That's actually still some way above zero. You could kind of expect the fed to stick with the hawkish rhetoric as long as that stays sustainably away from zero because they've said back to them is what signals they're going to have to cut right soon so that they might be going too far too fast. All right, Garfield, thank you, as always, Garfield Reynolds is Bloomberg chief correspondent for rates joining us from Sydney and we'll be watching, of course, the big tech stocks as well. Some of them are already dropping after we saw fed chair J pal stoke these rate concerns. Let's move on now and talk about China's southwestern province of Sichuan, which has restored most power supplies for industries and businesses. This happened by Sunday at noon, according to state television, joining us to discuss his damn murto Bloomberg, Asia energy reporter with us in Beijing. So I think starting to get a little bit better from when we spoke to you last week down because we're kind of seeing a little bit of cooler weather as well. Yeah, Jules, we're seeing a lot of relief from the weather guides. It started raining over the weekend in Sichuan. The weather's dropped precipitously. Air conditioning demand dropped from about 24 gigawatts a week ago to about 12 gigawatts on Sunday. And hydropower generation, which is pretty low right now, has inched up a little bit as well. That means that there is a little bit more of a cushion for the power system. So the province was able to stop its full cutoff of power to industrial facilities. There are still some curves. It hasn't been a 100% power restored to factories. But it's a lot better than it was this time last week. It's a cooler weather reducing air conditioning demand as well. Tell us that I guess the impact here to factories and what kind of restarting we're seeing. What we're seeing a Honda, for example, is looking to restart their power parts factory in the city. We're still waiting as companies kind of wake up to this news this morning for more releases on specifics as far as whose restarting a 100% capacity who's just sort of slowly ramping up production. It's going to be interesting to see because, as you know, Sichuan is a major hub for a couple of industries, including EV batteries and solar panels. So people will be carefully watching those industries to see how quickly they can ramp up production again and get the supply chain for their industries back on track. I mentioned that we are

Jerome Powell SK Hynix U.S. Garfield Reynolds Bloomberg Bloomberg fed Sichuan Taiwan strait Garfield Central Bank Bitcoin
"sichuan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:12 min | 3 months ago

"sichuan" Discussed on Bloomberg Radio New York

"Chris. And I'm Brian Curtis in Hong Kong. Let's check this hour's top business stories and the markets. Central bankers will gather this week for a symposium at Jackson hall. Bloomberg Susanna Palmer has a preview. That chairman Jerome Powell's speech on Friday will be the highlight of the two day conference in the grand teton mountains. It's being held in person for the first time since 2019. Howell is expected to restate the fed's resolve to keep on raising interest rates to get inflation under control, but he'll probably stop short of signaling how big of a rate hike is in store when officials meet next month. At the moment, investors see similar odds to either a half point or another three quarter point hike at that meeting. Susanna Palmer. Meantime, Chinese banks have cut their loan prime rates. The one year rate was lowered 5 basis points to 3.65%. The 5 year rate, a reference for mortgages was cut 15 basis points to 4.3%. The rate cuts follow news on Friday of additional financing to prop up the real estate sector. Chinese developer stocks rose in Hong Kong. Authorities have extended power cuts in Sichuan province. They've activated their highest emergency response. Sichuan is a key manufacturing hub for electronic vehicle batteries and solar panels. And sources say UnitedHealth Group, Amazon, and CVS as well as option care health are vying to acquire signify health. The sources say united health has submitted the highest bid in excess of $30 a barrel. Let's check the markets, the hang seng index is flat, the nikkei is trading down four tenths of 1%. The CSI 300 is trading up about 6 tenths of 1%. The yield on the ten year treasury is now at 2.98% a rise of one basis point in the Tokyo session. Global news, 24 hours a day, live and at Bloomberg quick take. Brought to you by more than 2700 journalists and analysts in a 120 countries. In Hong Kong, I'm Brian Curtis. This is Bloomberg. This is Bloomberg Wall Street week with David Weston from Bloomberg radio. It was nice while it lasted all that support from the fed from zero interest rates. We continue to expect that it will be appropriate to maintain the current zero to one quarter percent target range for the federal funds rate to pumping money into the economy more directly. We are deploying these lending powers to an unprecedented extent, enabled in large part by the financial backing from the Congress and the treasury. We will continue to use these powers forcefully, proactively and aggressively until we're confident that we are solidly on the road to recovery. All of which allowed companies to borrow as much as they wanted, which was worrying to rust Castro of BlackRock as much as four years ago. The 800 pound gorilla, which eventually are all going to have to question, is whether or not this buildup in corporate leverage, which we've seen over the past three or four years, is that sustainable. But now those happy days are over as the fed has reversed course and says it will keep raising rates until the inflation dragon is slain. The idea that we are going to start cutting rates early next year when inflation is very likely going to be well well well in excess of our target. I just think it's not realistic. Where does that leave all those companies who have borrowed so much? Well, at least some of them are so called zombies. No, not those zombies, companies that don't generate enough cash to pay their debt. And that leads economists like nouriel roubini to say we're going to see some of them fail, which may just be what we needed to get to the other side. You want tons of firms that were highly leveraged. You didn't have much profit there were zombie that would have gone bust, but during COVID, we bailed out everybody's zero rate, negative rates, quantity is incredibly easy. Now that we have to tighten as inflation is higher, the zombies are going to collapse. And

Susanna Palmer Brian Curtis Jackson hall chairman Jerome Powell grand teton mountains Hong Kong UnitedHealth Group Sichuan fed David Weston Bloomberg radio Bloomberg Howell
"sichuan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:17 min | 3 months ago

"sichuan" Discussed on Bloomberg Radio New York

"And I Brian Curtis in Hong Kong. Let's get you caught up on this hour's top business stories and the markets. Chinese banks have lowered their loan prime rates. The one year rate was dropped to 3.65% from 3.70%, all 20 economists pulled by Bloomberg expected a ten basis point reduction. The 5 year rate, a reference for mortgages, was cut to 4.3% from 4.45%, and that was more than expected. Meantime authorities have extended power cuts in Sichuan province. They've activated their highest emergency response. Sichuan is a key manufacturing hub for electronic vehicle batteries and solar panels. Central bankers will gather this week for a symposium at Jackson hall. Bloomberg Susanna Palmer with a preview. That chairman Jerome Powell's speech on Friday will be the highlight of the two day conference in the grand teton mountains. It's being held in person for the first time since 2019. Howell is expected to restate the fed's resolve to keep on raising interest rates to get inflation under control, but he'll probably stop short of signaling how big of a rate hike is in store when officials meet next month. At the moment, investors see similar odds to either a half point or another three quarter point hike at that meeting. Susanna Palmer reporting. Let's check the markets here and we are seeing some losses in the Asia Pacific. The nikkei trading down about a half of 1%. The hang seng index is now done just two tenths of 1%, and equities are rising in China with the CSI 300 putting on gains of two thirds of 1%. The dollar is slightly stronger dollar yen one 37 36, the yield on the ten year treasury, 2.98%. Global news, 24 hours a day live, and at Bloomberg quick take brought to you by 2700 journalists and analysts in a 120 countries. In Hong Kong, I'm Brian Curtis. This is Bloomberg. You're listening to Bloomberg intelligence with Alex Steele and Paul Sweeney on Bloomberg radio. We'll be here each and every week at this time, Tapping into our Bloomberg intelligence analyst covering some 2000 companies 130 industries worldwide. This week was a big week for certain retailers from Walmart to Home Depot, Lowe's, and target. But walking it forward, no matter what their profit margins are going to be today, artificial intelligence could make their profit margins that much better in the future. So let's take a look at retail from that lens. And joining us to discuss is punam goyle, senior industry analyst for Bloomberg intelligence, who covers retail. Betting on the future for these guys, regardless of where inflation is today is critical. How does AI feed into this? Yeah, I think AI is actually at the core of this. So everything that we do today, if we want to do a better, we need to use the underlying data that's given to us from the consumer from our operations to really go back and make improvements improve processes improve customer satisfaction. And even improve conversion at the onset of everything. If you can analyze the data that you have at your fingertips, which today we have so much more than we ever could have asked for, we can really make meaningful improvements to online conversion rates, which, as you know, are in the low single digit rate and just integrating AI personalization and doing it well can drive a ten percentage point increase in those conversion rates. You know, you know how cynical I can be pooing them in. I kind of think sometimes as I listen to earnings conference calls that every single CEO talks about AI as in, I think it's just for them to get their stock price up a little bit, maybe trying to get a tech multiple. All right, so explain to me how a retailer. Would use artificial intelligence to kind of increase, I guess the efficiency of their business. You're not a shopper. Are you? I am not. Is it just another email inbox? Okay, so there's lots and lots of different ways. That's the thing when we talk about AI, we think it's one thing. But it's really not, it's many things. So an example that I really like, which I think uses AI and actually saves time as something that Sephora does and L'oreal does. So if you think about how women

Brian Curtis Susanna Palmer Bloomberg Sichuan Jackson hall chairman Jerome Powell grand teton mountains Hong Kong Alex Steele Paul Sweeney Bloomberg radio punam goyle Bloomberg intelligence
"sichuan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:14 min | 3 months ago

"sichuan" Discussed on Bloomberg Radio New York

"Dot com slash compare. New trading week in the Asia Pacific, what are we watching, Brian? Well, we're seeing a downward push in U.S. equity futures here at the moment, along with Asian equity futures. It's pretty much read right across the board here. We had U.S. and European stocks down sharply on Friday. The rally off the June Lowe's seems like it has perhaps finished, or at least paused here, hangs in index futures down about 9 tenths of a percent. Australian futures down four tenths of a percent. We mentioned American futures, S&P E minis, are down a third of 1%. And if you look at Tokyo, nikkei future suggests maybe two to 300 points of downside at the open. So there's definitely pressure there. A lot of that is the fed meeting at Jackson hole this week. And everyone's expecting it seems fed chief Jerome Powell to reset expectations for any kind of fed pivot. We'll get details on that in a moment. We've got the power outages in Sichuan province, which we mentioned in our headlines, the story coming up on that. Further disruptions to the supply chain. So there's definitely a negative tilt here. The dollar was a lot stronger on Friday. It is gaining just a little bit more this morning here in Asia, the blue McDonald's spot up about a tenth of 1%. One 36 97, so very close to one 37 there. The Aussie dollar 68.75 U.S. cents. And the yield on the ten year treasury now 2.97%. So it's a little, it's a little nervous out there, Paul at the moment. A little bit nervous in the Chinese province of Sichuan as well, extending industrial power cuts to some uses. This is according to a taishan report citing multiple people who work at the local power grid factories. The Sichuan province said that little rainfall combined with a heat wave has caused gaps in power supply. This is the first time Sichuan initiated a top level emergency response after it introduced an energy supply contingency plan in January. Sichuan is a key manufacturing hub for electronic vehicle batteries and solar panels. Companies including Toyota and cattle have already closed plants in the region for several days, Sichuan's power cuts are expected to last until August 25. All right, we mentioned Jackson hole. Let's take a closer look at this now. Central bankers gathering this week at that annual confab. We get details from Bloomberg, Susanna Palmer. Fed chairman Jerome Powell's speech on Friday will be the highlight of the two day conference in the grand teton mountains. It's being held in person for the first time since 2019. Howell is expected to restate the fed's resolve to keep on raising interest rates to get inflation under control, but he'll probably stop short of signaling how big of a rate hike is in store when officials meet next month. At the moment, investors see similar odds to either a half point or another three quarter point hike at that meeting. Susanna Palmer, Bloomberg, daybreak, Asia. It's four minutes past the hour, time now for a check of global news. And Singapore will repeal a colonial era law that criminalizes sex between men, it begs to call it. Yeah, that's right, Paul, exactly, but at the same time, it moves to

Sichuan Jerome Powell U.S. Asia Pacific fed Lowe Jackson Susanna Palmer Brian Tokyo McDonald Asia S treasury grand teton mountains Paul Toyota Bloomberg
"sichuan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 3 months ago

"sichuan" Discussed on Bloomberg Radio New York

"Now is, can we bring inflation down without triggering a recession? And my answer to that question is, I don't know. We know we have more work to do in raising rates to bring inflation down. Further clues on policy will emerge likely next week at the fed's annual symposium in Jackson hole, Wyoming. Well, after the bell Applied Materials reported adjusting earnings per share above estimates, the company is the biggest manufacturer of chip making equipment for the latest quarter, Applied Materials reported adjusting earnings of a dollar 94 share. That is up from a dollar 90 a share last year, and shares rose by almost 4% in late trade. On the call with endless CEO Gary Dickerson said he remains very positive about the long-term strength of the semiconductor market and Applied Materials is raising its sales forecast for the fourth quarter to about $6.65 billion. All right, the time is just about four minutes past the hour. It's time for a global news. Just a reminder we have middle contention coming up in a few moments ahead of emerging market strategy at TD's securities. Well, China's president Xi Jinping calling on local authorities to immediately work on relieving power supply emergencies. Those emergencies caused by drought in the central regions of the country had Baxter with news in San Francisco. Yeah, thank you very much, Brian yeah, drought south rain north, south a heat wave has led to some factories in Sichuan province to cut hydro power generation, Bloomberg Steven engel reports, water levels of the Yangtze River are a very low. Hydroelectric power is down considerably because of the drought. You're seeing pictures of the young zo river, which is China's largest waterway. We're hearing from the Sichuan government that the reservoirs around the Three Gorges Dam is down about 50%. So we are seeing according to the government, the worst drought on record. Yeah, some factories had to close and Sichuan province, including makers of solar panels and cement, the provincial government said in a statement leave power for the people. In the north, she says regions need to step

Applied Materials bell Applied Materials Gary Dickerson Jackson hole Wyoming fed Xi Jinping Steven engel TD zo river Sichuan China Baxter Sichuan government Yangtze River San Francisco Brian
"sichuan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:01 min | 3 months ago

"sichuan" Discussed on Bloomberg Radio New York

"Question right now is, can we bring inflation down without triggering a recession? And my answer to that question is, I don't know. We know we have more work to do in raising rates to bring inflation down. Neil kashkari of the Minneapolis fed bank. By the way, further clues on policy may emerge next week. That's when the feds will hold its annual symposium in Jackson hole Wyoming. After the battle of live materials reported, adjusted EPS above estimates the company is the biggest manufacturer of chip making equipment for the last quarter, aim at reported adjusted earnings of one 94 a share and that was up a dollar 90 a share from last year. Shares right now up just more over about 4.2% in late trade. On a call with analysts CEO Gary Dickerson said he remains very positive about the long-term strength of the semiconductor market, Applied Materials is raising its sales forecast for the fourth quarter to about 6.65 billion. Time to update global news here on daybreak, Asia. 5 minutes past the hour now and in China, president Xi Jinping is calling on local authorities to immediately work on relieving, power supply emergencies caused by the drought at Baxter with more from the Bloomberg newsroom in San Francisco Ed. Yeah, it's going to be a tough task to Doug as you well know drought in the south rain in the north and the south a heat wave has led to some factories in Sichuan province to cut hydropower generation. Now Bloomberg Stephen engel reports water levels in the Yangtze River are very, very low. Hydroelectric power is down considerably because of the drought. You're seeing pictures of the young zo river, which is China's largest waterway. We're hearing from the Sichuan government that the reservoirs around the Three Gorges Dam is down about 50%. So we are seeing according to the government, the worst drought on record. Some factories had to close and Sichuan province, including makers of solar panels and cement, provincial government said in a statement leave power for the people. In the north, she says regions need to step

Neil kashkari Minneapolis fed bank Gary Dickerson Bloomberg newsroom Applied Materials Wyoming Xi Jinping Stephen engel Jackson Sichuan zo river China Baxter Asia Sichuan government Yangtze River Doug San Francisco
"sichuan" Discussed on Mac OS Ken

Mac OS Ken

08:39 min | 3 months ago

"sichuan" Discussed on Mac OS Ken

"A charm file, Bloomberg says Apple will once again try bringing employees back to the office. According to the short report, the Cupertino company has set a September 5th deadline for corporate employees to be back in the office at least three days a week. After delaying its return plans several times due to COVID-19 spikes. Did I say third times a charm? Everybody has to be in on Tuesdays and Thursdays, according to the piece. They also have to be in on a regular third day a week to be determined by individual teams, apple is said to have notified employees on Monday, though that was not said by Apple. Not publicly anyway. The GoPro Tino company declined to comment for the Bloomberg report. Here's a story that seems likely to be all over the place today, late Monday evening, Bloomberg, ran a story saying Apple laid off many of its contract based recruiters in the past week, part of a push to rein in the tech giants hiring and spending, according to people with knowledge of the matter. How many as many, and in this case, about 100. With an estimated headcount of 150,000 employees, 100 is about 0.07% of apple's workforce, not many by comparison, though it is roughly 100 people whose jobs were to hire other people. Bloomberg says the story is support of a previous piece it ran. The site points out at first reported last month that Apple was decelerating hiring after years of staffing up, joining many tech companies in hitting the brakes. At the same time, what the recently let go were reportedly told was that the cuts were made due to changes in apple's current business needs. I'm not saying Bloomberg is wrong and supposition regarding apple's reasons. There's no way for me to know. At the same time, we don't know a lot about the contractors let go. Were they hiring for a specific project or purpose, for example? Bloomberg says they were let go across many regions, including an Apple offices in Texas and Singapore, meanwhile, the piece indicates that not all of apple's contract based recruiters were dismissed and none of its full-time recruiters were. Assuming it's true, the news is not nothing. It may not be as gloomy as Bloomberg indicates, though. Next up for the roughly 100 contractors let go. Definitely bad times for them. An apple spokesman declined to comment on the decision, according to the report, that sort of reads like confirmation of the staffing change. Kind of. You know what people don't say much these days. Hot enough for you? Yeah, it used to be just an inane thing he said. Now it leads to existential questions around mortality and it turns out whether we can have new iPads. I am not kidding. Called the Mac highlights or Reuters report and a couple of Twitter posts from TF international analyst Ming Chi quo first, let's make like Ari. I'm going to talk about the weather less like REM. Let's talk about the weather in China. Quoting the cult, which also quotes Reuters, temperatures over 105°F have caused increased demand for air conditioning at the same time a drought has reduced hydroelectric power generation, industrial users across 19 out of 21 cities in the Sichuan province were ordered to suspend production from the 15th of August until the 20th to prioritize residential power supply. According to the first of Ming Chi quo's posts, a temporary power outage and Sichuan may affect iPad assembly plants in Chengdu that would be Foxconn and Chongqing, that would be compound, although it's difficult to assess impacts on production currently, impacts should be limited if the power outage can end on the 20th of August. Man, if is doing a lot of lifting there, isn't it? Ming Chi quote, thanks so in his second of two Twitter posts, the analyst said, flexible production scheduling by assembler should also help lower the impact of power outages, however, need to pay attention to whether similar incidents will occur again in the next few months, and the fact that apple's new product shipments during the peak season. Because right, new iPhones and new iPads called the max as folks are expecting a couple of new iPad models this fall, that said, the piece says production problems in the middle kingdom are not likely to delay any tablet announcement. The supply may be tight, which is so unusual these days. One of the world's richest investors keeps adding to his apple holdings, apple and cider, says Warren Buffett's Berkshire Hathaway bought 3.9 million more Apple shares in the June quarter. That is on top of the $600 million worth of Apple shares, Berkshire bought in the first quarter of this year. Historically, Buffett has been known to stay away from tech stocks, though he is pretty keen on Apple. He started buying shares in the iPhone and other stuff maker back in 2016, according to the report. Now Apple insider says Apple represents one of the four giants and Buffett's portfolio alongside Berkshire Hathaway's insurance business, BNSF railway company, and Berkshire had to wait energy apple is the largest of Berkshire's holdings, according to the report. Reuters has run a really interesting piece on Apple tackling cast based discrimination among Indian workers in Silicon Valley. According to Miriam Webster, a partial definition of cast is one of the hereditary social classes in Hinduism that restrict the occupation of other members and their association with members of other castes, and a division of society based on differences of wealth, inherited rank or privilege, profession, occupation, or race. Officially, Reuters says caste discrimination was outlawed in India over 70 years ago, funny, not funny thing about discrimination or social stratification though, it often sticks around even when it's officially a thing of the past. Said to be doing a decent job combating it is Apple. 9 to 5 Mark highlights the Reuters report, the piece says Apple actually updated its policies back in 2020 to explicitly prohibit discrimination on the basis of cast. The Reuters piece says that was added alongside existing categories such as race, religion, gender, age, and ancestry. While folks often think of Apple as Ford thinking, the report says apple's cast addition was actually in reaction to a suit against the tech giant, Cisco. California's employment regulator sued Cisco Systems on behalf of a low cast engineer, according to Reuters, after that engineer accused two higher cast bosses of blocking his career. Funny, not funny again. Cisco argued that there was no evidence of discrimination. And besides, there are no legal protections for members of various castes, so what are we even talking about? For its part, Apple has said to have said our team's assess our policies, training, processes, and resources on an ongoing basis to ensure that they are comprehensive, we have a diverse and global team and are proud that our policies and actions reflect that. While the added language is definitely a good sign for Silicon Valley and while India outlawed cast discrimination over 70 years ago, it's hard to not think of this stance in light of apple's planned and anticipated growth in India. Can a worms, kettle of fish, right side of history, take your pec. More news in a moment, but first a word from simply safe. The right way to protect your home and sponsor of today's show. Who knows your home better than you?

apple Bloomberg Ming Chi Reuters GoPro Tino tech giants Sichuan Ming Chi quo Cupertino Berkshire Berkshire Hathaway Twitter BNSF railway company Foxconn Ari Miriam Webster Chongqing
"sichuan" Discussed on Daily Tech Headlines

Daily Tech Headlines

01:47 min | 3 months ago

"sichuan" Discussed on Daily Tech Headlines

"Ad revenue in the last four quarters. Gurman said Apple began testing adding sponsored results in maps, search results, and could introduce ads to Apple books and podcasts, storefronts. Reuters reports that industrial producers of lithium fertilizers and other metals in 19 out of 21 cities in China's Sichuan province were ordered to suspend production from August 15th through the 20th to prioritize residential power supply amid a historic heat wave. Apple analyst Ming Chi kuo reports this could impact apple's iPad production in Chengdu and Chongqing, especially if the heat wave persists after the 20th. Quo said flexible production scheduling may help lower the overall impact. The startup stability AI released a Dolly two like text to image AI system called stable diffusion to just over a thousand AI researchers. The engine can run on consumer GPUs with about 5 gigabytes of vram, producing a 5 12 by 5 12 pixel image. Stability AI plans for a full public launch in the coming weeks, both as a cloud service with tunable filters, as well as a local model with generated content able to be used for commercial purposes. The company plans to offer private models to paying customers and release tools for creating custom and fine tune models. TikTok added a new effect called AI green screen, which allows users to generate a text to image prompt to use as a background on video. The engine behind it generates relatively abstract and swirling images rather than the more complex or photo realistic outputs from Dolly two. The cyberspace administration of China published a list of 30 algorithms used by many of the country's most popular apps, including taobao, WeChat, MeToo one, and ByteDance's doyen. This gives each algorithm a classification number and a brief description. In March, China passed new regulations, requiring algorithm recommendation services to disclose algorithms used in

Apple Gurman Ming Chi kuo Sichuan Chongqing Chengdu Reuters TikTok China ByteDance taobao
David Goldman Paints a Unique Picture of China

America First with Sebastian Gorka Podcast

01:46 min | 4 months ago

David Goldman Paints a Unique Picture of China

"Is a place where a lot of things are kicked down the road for a very long time and in the short run don't make sense. From China standpoint. And this is not simply the fact that there's a communist government from the standpoint of any government in China, the nightmare of the emperor who sits in Beijing is a rebel province, because China is not a nation state. China is a polyglot collection of different peoples who speak 200 dialects, Cantonese, can't understand a word of Mandarin, the citra needs can barely understand Mandarin. And many times at its past, countless times China has broken up into warring provinces and had long periods of chaos with terrible suffering and in each of these cases foreign intervention typically made the internal divisions worse. So the nightmare of Beijing of Xi Jinping is Taiwan becomes a dependent and long so province, canton decides why should we be part of China either. Sichuan does the same thing. And China begins to break up. So in order to prevent the possibility of the fragmentation of the empire, as has had so many times in the past, China will go to war to prevent any part of its territory. Being split off. And that's why the Taiwan issue is more than a matter of 23 million Chinese living 90 miles away from the mainland, a country of 1.4 billion. The symbolic end, if you will constitutional value of Taiwan to China, is inestimable. So

China Beijing Taiwan Canton Sichuan
"sichuan" Discussed on The Gargle

The Gargle

05:18 min | 4 months ago

"sichuan" Discussed on The Gargle

"Yeah, a man in China in early July was hiking in the Sichuan province and cape was hiking and came into some caves and they found a middle aged man sitting in one of the caves. He was in his 40s. He was reading a book and taking notes. And they said that he would seem to be living in the cave for a long time. They didn't bother him and they left him alone, and then he went viral. Now, as a dad, I can relate. Like I read, he had quilts, buckets, pots, bowls, books, and cigarettes. What else do you need in this life? Like, if it had been me, I would have swapped out the cigarettes for coffee, but like, you know, like this is why my family complains that I take too long taking a shit is that I wander off into a cave. I want a break from my responsibilities. I start reading a book. I get lost. Next thing you know, decades have gone by in a hiker finds me. That's the experience of being a dad. If I don't have line of sight, visual contact with a member of my nuclear family dependent on my survival for their ability to live, I would be that guy in two days, like just completely feral reading a book in a cave. Chain smoking and sleeping on the floor. I mean, apparently some people have commented on the videos claiming that the man resembles a runaway family member of this, one person said, I want to see his face because he reminds me of my uncle who ran away from home years ago and also enjoys reading. Take the head and want you to leave him alone and he ran away. He ran away. He doesn't want to see you. Would you run away to a cave? No, I would make other people run away, turkey, if I much more a kind of aisle talk at you until you have to leave passion than I am, a person who believes.

Sichuan China
"sichuan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:57 min | 7 months ago

"sichuan" Discussed on Bloomberg Radio New York

"Thinking about and I got a call that both leader of Finland and Sweden are coming to see me on Thursday I think we're going to be okay And Biden speaking there to reporters COVID spreading in China Sichuan reporting new cases in Beijing reporting 55 new community acquired cases fewer than the previous 24 hour period but not the number zero that authorities are aiming for there and the spread is triggering new lockdowns and other measures port city of Tianjin closing dozens of subway stations and commuters heading into Beijing from some areas are being required to have negative COVID tests growing number of residential buildings that are being put in lockdown First U.S. case of monkeypox detected this year in Massachusetts according to Bloomberg health reporter Kerry Goldberg So the symptoms tend to be sort of like flu there can be swelling of the lymph nodes and then it progresses to a rash on the face and body Usually lasts two to four weeks And it's a specially known in parts of central and West Africa Both Goldberg says this case is notable because it appears related to a recent cluster in Canada Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries In the newsroom I'm Denise Pellegrini This is Bloomberg duck All right Denise thank you Let's get to our guests Jessica Tia is with us Greater China and apac equities investment specialist at BNP Paribas joining us from Hong Kong Jessica thanks for being with us I think we got to begin with a lockdown situation in China It looks as though there was some improvement happening in Shanghai but now we're getting indications that both a Sichuan and the port city of Tianjin are adding cases give me a strategy that would work if you want to put capital to work on the mainland How do you go about doing that right now Thank you for having me today Indeed this COVID lockdowns is probably one of the biggest near term risk for Chinese equities outlook because it eroded the effectiveness of policy easing and also China has a very unique position because demand production engines are really strong so it will also pose near some risk for the global expansion That said despite those escalation of outside new cases we have starting to see actually some gradual reopening in some areas So we think that those reopening will in a sense help basically Resume some production but obviously this is led back to the pre COVID level So we need to be vigilant on this So we reduced about opportunities to answer your question in some areas but we are extremely cautiously selective So for example during those no lockdown activities typically the names and names or some online companies can do well but obviously we won't bet have a positive bet on all of them Okay let's talk about whether you've got a positive bet on tech when we had ten cents numbers coming through yesterday Yeah so I think for a number of leading ecommerce Internet companies now after a very tough regulatory period the valuation the multiples are likely close to trust So that offers clearly stock opportunities at the good bargaining price But still we remain very cautious cautiously selective there because we need to bear in mind that the golden age period for the leading Internet names is probably behind us in its current form Most of those leading names are already quite major so those regulations were kind of needed given that they were evolving in a zero regulation environment That said we think that in our portfolio we tend to prefer more like those policy beneficiaries names those that are less subject to higher geopolitical risk and especially those with better execution That's quite important But overall if we look at the whole sector the leading ecommerce platform we prefer to keep a minimal presence as we need to see more sustainable approach on regulatory pressures before adding back more Even before warring Ukraine we were talking about a very elevated levels of inflation in many developed economies principally here in the U.S. since that time we've seen a pull back in many commodities and some of that has to do maybe with the outlook for much slower growth Maybe even a recession How are you playing the commodity space right now Indeed we think that these areas are offering good upside potential but obviously we are also quite cautious given the inflationary pressures and monetary policy tightening I think in the headline news the topics have been quite China centric but we need to also look at those opportunities outside of China especially in the ASEAN markets Thailand Indonesia offers good opportunities in several areas related to the reopening play the tourism exposure and some of the commodity related names I would say India so it's a very interesting investment case given that a number of refiners or like in gas and oil and exploration companies could also offer upside opportunities especially with those raising metal fuel prices for example One of the things that we hear a lot from guests on this program when it comes to China is that you really have to kind of track what the policymakers in China are doing if you want to try to coordinate any move that they may be orchestrating with an investment strategy.

COVID monkeypox Kerry Goldberg Tianjin Sichuan China Denise Pellegrini Jessica Tia apac equities Beijing Bloomberg Biden Greater China BNP Paribas Finland West Africa Sweden Goldberg Denise flu
"sichuan" Discussed on Mysterious Universe

Mysterious Universe

05:02 min | 9 months ago

"sichuan" Discussed on Mysterious Universe

"She gave birth to a little man with snowy locks and a wispy philosopher's beard. Wrong area of Asia, but yeah, pretty close. Apparently that's why he had spent decades cultivating that energy inside her and was a little philosopher's Mini-Me when he came out as a fully grown little man. Yes. Yes. Grew. He just maintained his ratio. Yes, and returned to being this full master. And it was like, this immaculate conception combined with this incredible story about how he essentially had developed this secret or this understanding of immortality. That's the ultimate goal. Did she still breastfeed him? None of that said. It's fair enough. They're all chubby and cute. But a little man. How can you breastfeed a little man? Does he stand there? And he's a stroll. Weird as well. He's like more. You'd feel quite uncomfortable, I'm sure. Then you've got zen dal ling. So zen Dowling was this mysterious figure that flourished during the early years of the Han dynasty. And he had all apparently these traditional methods of the shamanic path. And which kind of formed to the new version of taoism. But what the story goes with him is that one day he after cultivating on the mountain and Sichuan, there were these swaying pines and this kind of wind that was picking up around him. And he says, all of a sudden, he was filled with this warm, golden oozing oil that came out of every pore. But it was ecstatic. It's like what we hear about the saints in the western world with the exorcism. And he was all ecstatic. And as this is like being he said it was the most unselfish orgasm one could have. I didn't know that you could have an unselfish orgasm. But anyway, he's filled with pure bliss and unspeakable eternal wisdom when before him manifest lousy himself. The mini man that had been given birth to next to a plum tree. By the way. But yeah, it's also Z I still do. So it still allows us. So as he's like, God like in his majesty, is he staying there? His hair is all fine. He's in this white gossip a kind of gown with robes fluttering around him. His face was scintillating between a young virgin man and an extremely old and wisdom filled man. And it's kind of scintillating back and forth. And he bestows upon him. This is zing. He bestows upon Zhang, the knowledge of celestial master, the title of celestial master and the knowledge that comes with it. And the reason why he does this is because he claims that the underworld has just released plagues and demons upon the world and that he must now spread the way of the celestial masters among the people to stop the people being affected and protecting the weak. And this is where the first magical school of taoism, which is now called the way of the celestial masters, was created. Cool backstories. Yeah, it is a cool backstory, isn't it? I like this. And apparently zen Dowling, the reason why he was considered deified..

Asia Zhang zen Dowling decades Sichuan first magical Han dynasty
"sichuan" Discussed on WBUR

WBUR

02:30 min | 9 months ago

"sichuan" Discussed on WBUR

"Liangshan the song is about a daughter missing her late mother Due to the traditions of girls being married off away from their family It is often hard for daughters to see their families after marriage The doctors singing in the song was not able to see her mother for one last time This song is a part of the album musical maps of China hearing Sichuan collections of E folk songs and music This album series produced by irregular aims to preserve endangered orally transmitted traditional music across China Next up we're going south to the beautiful Yunnan province One of China's most ethnically diverse regions Oh so home to many E people What you're listening to is a song called the left for dance of the E this traditional E dense dates back to more than a thousand years ago To the true zone village This music is usually played on a sense A traditional four stringed plucked loot instrument And allahu a boat instrument which you can also hear in this song This tradition consists of large groups of people dancing and singing in circles around a bonfire While soting heads together as the locals say if you can walk you can.

China Sichuan Yunnan
"sichuan" Discussed on WTOP

WTOP

01:30 min | 10 months ago

"sichuan" Discussed on WTOP

"Appointed to a four year term as Sichuan candidate of schools The vote to appoint interim superintendent monifa mcknight the permanent superintendent of Montgomery county schools was unanimous She's the first woman ever chosen this superintendent and the first African American woman to lead the state's largest school system A number of board members commented on mcknight's commitment to equity and she referenced that when she accepted the appointment And we can never lose that focus because it must be personalized for every single student Her four year contract will take effect July 1st Kate Ryan W TOP news New this afternoon the fairfax county school board has unanimously approved a proposal to prohibit firearms on all school owned property It will also review its curriculum safety protocols and professional development related to gun violence and suicide prevention The proposal was sponsored by school board members Laura Jane Cohen and Carl frisch Cohen says oh must be done to ensure that as a school system they're doing all they can to protect students and staff from the horrors of gun violence Last year the Virginia General Assembly passed a law granting school boards the authority to prohibit individuals from possessing firearms on property owned or leased by the school system excluding law enforcement It's been about a year since Virginia abolished the death penalty But now there's debate about whether it should be brought back in certain cases This bill basically says.

monifa mcknight Kate Ryan fairfax county school board Sichuan Montgomery county mcknight Laura Jane Cohen Carl frisch Cohen Virginia General Assembly Virginia
"sichuan" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:44 min | 1 year ago

"sichuan" Discussed on WBZ NewsRadio 1030

"Sort of find this way out of here. And goes over to hang him or go house paradox. Various reporting from Sichuan Harbor, Jim McKay, wbz Boston's NewsRadio and again he has made his way over to Cohasset, Cohasset. Police reporting He was there tonight. So again, a very busy roaming bear on the South Shore. Maybe you're on the South Shore. You want to know what's going on there. Traffic wise. Well, we've got you covered traffic and weather together. February. Retailers of New England all wheel drive traffic on the three's A tough night out there. Mike is still a struggle getting out of this city. Nicole. What gives? The expressway is still awful from the O'Neill tunnels to South Bay and from squad, Um, Street to route 24 stays like that on 24 south For a while. There is rain coming down a lot of areas, especially to the south now, so that's probably why it's worse than usual here. On 93 24. All right, Then you are found Expressway still pretty bad Furnace Brook Parkway, a passing upon its circle, But it is better up towards the tunnel. 95 South is stop and go for a little while Coming down from 1 28 board 93, either or up to the North 93 is finally better coming up to Medford and stone them 1 20 eight's back up to speed from, say, wealth them all the way into Beverly Route One North is backed up a little bit getting by route 60 and revere. Otherwise, it's good. I passed the Lindfield Tunnel that I mentioned this problem in Sudbury. This is a crash cleanup route. 20 West by Pickem Road. Uh, both lanes are closed. Basically, eastbound traffic is running on the eastbound up two way traffic is running on the eastbound side of route 20. As this crash cleanup continues their miking WBC's traffic on the three Alright, some updates tonight when it comes to that severe thunderstorm warning it is now just in effect until seven o'clock tonight. Parts of Norfolk and Plymouth County is we have this storm right now.

Jim McKay Sudbury New England Lindfield Tunnel Pickem Road February Nicole Plymouth County Norfolk Furnace Brook Parkway Medford Mike seven o'clock tonight South Bay tonight Beverly Route One North both lanes 95 South North 93 Sichuan Harbor
China wants to go carbon neutral by 2060, which could mean kicking out some tech

Marketplace Tech with Molly Wood

03:07 min | 1 year ago

China wants to go carbon neutral by 2060, which could mean kicking out some tech

"Inner. Mongolia is under pressure from the chinese government to reduce its energy use and the province has responded by cracking down on high energy activities. It's kerr tailing new steel and methanol production big data centers and banning cryptocurrency mining. That is notable because inner. Mongolia is a huge hub for crypto mining which requires a tremendous amount of electricity as supercomputers run millions of calculations to generate new coins. Jennifer pack marketplace's china correspondent. She says the environmental effects of crypto currency mining. Were in some ways an economic trade off. You have to understand that a lot of the latest where cryptocurrency mining is happening are poor places And so a lot of those local governments they want to attract these types of industries like crypto currency mining because it's generating economic growth for them and china's the biggest manufacturer of cryptocurrency mining equipment and also labor. These are the attractive features. Of and i don't think that just by one region in china trying to crack down on this would mean that china would no longer be a major player still will be. How will this. Crackdown potentially affect carbon emissions in that region at least in inner mongolia. If it goes according to plan it's going to go down but inner mongolia actually has a lot of Other renewable energies as well. It's just that cryptocurrency mining sucks up a lot of electricity but certainly china has committed itself to going carbon neutral by twenty sixty. And you can be sure that there will be a lot of pressure coming from the central leadership on these various places to get itself in line. You know all countries will have to reduce emissions to keep climate change on track for the goals that in the paris agreement big tack in general from bitcoin mining to these big power intensive data centers could be more of a target in the future right. Are there lessons. We can take away from this move. Definitely they're going to be the target. I guess There are other regions. As i mentioned where China also has cryptocurrency mining bases so in places like sichuan and they have rich hydropower So it's not always derived from coal but it is possible that could come from renewable energies. I guess it really comes down to the consumer right the demand because if you talk about the future of cryptocurrency mining it really just comes down to the profitability so it's likely that it will just keep shifting to wherever its most profitable the kind of mir's what's happened to labour-intensive industries right shoe shoe-manufacturing any other dirty industries that are undesirable. It usually just ends up to other places where the enforcement is rather lax if you will because they need the money for development. That's basically what the story is here in. Angola needed the money. Jennifer pack is marketplace's. China correspondent the amount of power. A cryptocurrency network is using is commonly referred to as a hash rate inner mongolia accounts for about eight percent of the global bitcoin mining hash rate.

Mongolia China Chinese Government Jennifer Pack Sichuan Paris MIR Angola
"sichuan" Discussed on WIBC 93.1FM

WIBC 93.1FM

03:04 min | 1 year ago

"sichuan" Discussed on WIBC 93.1FM

"It's true. Absolutely. Joe joins us on the program. Hi, Joe. Good morning. Hey. Last year I didn't put down the pre emergent for crab grass, and I ended up with a lot of crabgrass. So this year I'm going to do that. But the thing is I'm going to put down some SWAT seeding also. And you know those things. Those things don't go very well together. I I can You help me a little bit with timing on how I should do that. You could do it. You can do it. Two different ways you can one Avoid putting the pre emergent down in the areas you're going to seed. Or you can actually get a Chemical that allows you to seed and controls crabgrass at the same time, and that would be called, like Scott's calls it step one for seeding. In it's in. It's in a light blue bag it Zahir's The downside. Can't you just get it? Germany first and then put down your pen amount because it'll be hard to get. The timing would have to be perfect because you don't want to put down That because as you see that seed coming up, it continues to Germany and really would have. You'd have to cut it three or four times before you can put the pre emergent down. So, Denny, you're right if we get an early spring in the soil temperature warms up into the fifties. You might be able to pull that off, but very possibly, you won't be able to pull off. What's the other chemical that would be selected like this? There's one called sued Iran, Sichuan That's in the The Scots product and again, it allows both. The problem is It's not as effective as the pen the metal in which is in their standard halts products, so I almost sometimes would push people too. Put the crabgrass control everywhere. But where your seeding is gonna remember. Most people are seating in the shade. I'm supposed to sit in the shade because grass doesn't grow in the shape of this. I'm surprised you haven't corrected even say this is why we like to plant seed in the fall. But this is the reason we wanna plant seed in the August September so and the point I was making about shade is crab grass doesn't grow in the shade. So you can avoid. Just don't put the pre emergent there if we helped. You also know I don't I don't think so. Yeah. So, Joe, you got to you got two choices There. You can either get step one for seeding or just avoid the areas Where you going? Toe over. Seed and the other tip for the pre emergent is Don't Put it down too early. I would not put it down until the second or third week of April. Which kind of goes against what you'll you'll see in a lot of because you know fertilizer companies. They want to start getting those steps put out there, and when he wait so long, it kind of gets in the way of other steps They want to say, Don't you always say that's a scheduling problem? Because they can't get to everybody at the right time, so they have to start early Preferred customer. You'll get the third one for yourself. You put a second week, third week of April. Hey, thanks for the call to 39 93 93. We're here it Alison Gill Home and Garden by Sullivan and fissures. We're talking house plants. We're taking your calls 239, 93 93 Hammer.

Joe Germany Alison Gill Zahir Denny Sichuan Scott Iran Sullivan
Abducted toddler reunited with parents 32 years later.

THE NEWS with Anthony Davis

02:40 min | 2 years ago

Abducted toddler reunited with parents 32 years later.

"A CHINESE MAN. Who was stolen from his family as a toddler has been reunited with his parents after thirty two years. Mao. Yan was snatched in one thousand nine hundred eighty eight when he was walking home from nursery with his father aged. Just two and a half. He's parents finally embraced him again on Monday afternoon. In the western city of Chia where he was born after vanished. He's mother Li Jing Z. Quit her job and launched a decades long search for her son that included sending out more than one hundred thousand flies and appearing on numerous television shows after more than three decades tip off in late April finally led to that long awaited reunion. Police received information about a boy from Sheehan who had been sold to a family. Just over three hundred and seventy miles away for six thousand yen. State media reported authorities utilized facial recognition technology to help with the search using toddler photos to create a possible photofit of the adult now and comparing the image to ones in a national database. Dna tests confirmed Malian's identity and on the tenth of May Mother's Day in China. Police told Li that her son had been found. This is the best gift I have ever got. On Mother's Day. She was quoted as saying officials arranged the reunion for just a week later in front of a sizeable crowd and ranks of television cameras. Mao who've been waiting in a side room ran towards his mother when the door was opened. The family embraced all weeping and mouse father. Maoz djing gently kissed his sons forehead. He had lost seen his son when the toddler asked for water and they stopped at the entrance of a hotel to get some renamed. Goon Ning Mao had been brought up in the city of Mianyang in neighbouring Sichuan Province. Without any idea he was the target of a decades long high-profile surge. Child kidnapping has been a problem in China for decades. Some of the miners snatched from their parents have been directly exploited by adult criminals and coerced into begging pickpocketing forced labour all the sex trade others have fed a market for DOPP. Dis both among Chinese couples. Who want to son and from ages seeking the lodge donations that foreign adoptive parents are obliged to make abductors have included family. Planning authorities who under China's one child policy had powers to seize children from parents who exceeded their quotas.

Goon Ning Mao China YAN Chia Maoz LI Kidnapping Sheehan Sichuan Province Mianyang
Appreciating Texture in Chinese Cooking

Christopher Kimball's Milk Street Radio

02:57 min | 2 years ago

Appreciating Texture in Chinese Cooking

"We started talking about the textures which are so important in Chinese cooking. You talked about Your first days and changing and how it took you a while to get used to it but when I kept asking you about the slippery bits of the gnarly bits of the chewy bids. Your eyes lit up and you love those textures. Could you talk to us a little bit about that because you you? You made a huge transition from the beginning to now to really appreciating texture. I think it just happened. Through constant exposure really because when I went to live in Chengdu the capital of Sichuan in nine hundred ninety four. I was like any other foreigners in that. Although I tasted a lot of different foreign cuisines I was not used to eating slithery. Grisly inclusiveness foods and Chinese friends will always ordering bat sort of food for me and I would politely eat these things without really any pleasure but over the years. I think being in the company of people who really love eating and having a generally wonderful experience of Chinese and Sichuanese Food I guess I just started to appreciate them and I came to realize that if you can open your mind and your palate to the pleasures of texture. It's like opening a door to another dimension of gastronomy and it just multiplies the possibility of pleasure. I think you wrote about Sichuanese cooking. I love this quote. The most salient characteristics of Sichuan cooking is it's audacious combinations of different flavors in a single dish and a multitude of flavors within a meal. Could you just talk about that? Yes absolutely and it does play you like a piece of music. The whole point of a good meal is that it's not just sort of wham Bam hot and spicy. If you have a spicy dish you'll also have a very delicate lentil soup if you have something. That's very sweet and sour. Then you'll probably have something that's light and savory and so with these meal it just takes you on a journey and you have these very stimulating tastes and then you have something relaxing and cleansing and then you go into a stronger flavor again. And that's one of the reasons. Why sichuanese food never comes tiring and it's also one of the reasons. Why such unease food? I think it's regarded as the People's food the common people's food because it doesn't have to be about an expensive ingredients. Their addition such on like my old favorite fish fragrant eggplant which this is the cheap everyday dish. And it's so delicious and Dry Fried Bean so you get these release simple cheap everyday dishes that anyone can afford. And they are dramatic and exciting

Sichuan Chengdu Sichuanese
How Long Does It Stay on Surfaces? How Long Can We Rely On Amazon Delivery?

Coronavirus Daily Briefing

15:59 min | 2 years ago

How Long Does It Stay on Surfaces? How Long Can We Rely On Amazon Delivery?

"From the weekend. Our young ace symptomatic cases the key to spreading the virus. Should we rethink the conventional wisdom around facemasks? How long can the virus stay on surfaces? And how long can we rely on Amazon delivery? As of last night known cases of Corona virus in the United States exceeded thirty five hundred spread across forty nine states prompting the mass cancellation of and the reordering of American public life the CDC is recommending halting gatherings of fifty people or more throughout the US for the next eight weeks if implemented fully that means all sporting events all concerts all conferences. All parades all weddings. Almost everything done for eight weeks. Bars and restaurants are closed in New York City beginning tomorrow. Tuesday at nine. Am takeout and delivery orders? Only New York City schools have closed. Ohio has suggested schools might remain closed in that state for the remainder of the academic year but Ohio Massachusetts and Illinois have gone the France route as well. All bars and restaurants are shutting down statewide quote. Delay means more people will die Ohio governor. Mike DeWine said these states are the first states to take the steps toward Italy toward a complete shutdown of public activities except for food medicine and other essentials it is unlikely they will be the last the CEO of universal music group Lucian Grange. Perhaps the most powerful man in the music business has been hospitalized after testing positive for Cova nineteen apple CEO. Tim Cook and Apple Services. Chief Ed Eq- attended granges sixtieth birthday party. Two weeks ago in shocking news. But I guess we can't be shocked anymore by anything as it's all probably going to close down. Mgm Is Shutting the following Las Vegas Properties beginning March Seventeenth Aria Bellagio excalibur. Look zoar Mandalay Bay. Mgm Grand Mirage New York New York Park Mgm and Videira. So that's basically the entire Vegas Strip. Other companies closing stores or reducing hours Nike Worby Parker all birds urban outfitters Apple Patagonia and Glossy Walmart is partially shutting down twenty four hour locations which will operate six. Am until eleven pm until further notice starbucks is moving to what it is calling to go only model. You can still walk up an order at the starbucks counter or via drive thru or delivery. But you can't stay and sit in the cafe or Patio Areas French luxury company. Lvmh said figuring it's cosmetics division to only produce mass quantities of Hydro Alcoholic Gel in order to give it to French health authorities. More people have now died from the corona virus outside of China than have died inside China since the disease. I emerged airline Cathay. Pacific is adding flights from US cities and London to Hong Kong because since the disease seems to be relatively under control in Hong Kong at the moment some people are seeing Hong Kong as a safe haven and are rushing to travel there a mere seven weeks ago. Hong Kong had implemented travel restrictions because of its proximity to mainland China. Italy reported three hundred sixty eight deaths in a single day yesterday. A twenty five percent increase making this the deadliest twenty four hour period thus far worse than the deadliest day in Wuhan's outbreak. Italy has reported two hundred deaths for each of the last three days. Italy only had its first. Colonel Related Death three weeks ago now. More than eighteen hundred people have died because of overloaded hospitals. The fatality rate and Lamberti is nine percent in the rest of Italy. The fatality rate is five point one percent Spanish health authorities reported two thousand New Corona virus cases in twenty four hours on Sunday bringing the total in the country of Spain to eight thousand cases with two hundred eighty eight deaths as the number of people who have died of the virus more than doubled in twenty four hours as the Spanish death. Toll was up from one hundred thirty six a day earlier. That is an increase of almost one hundred percent. Spain is clearly on. The Italian trajectory is France. Next it certainly seems to be going that way quoting the New York Times. France announced the closing of all non indispensable businesses including restaurants bars and movie theaters after a sharp uptick in corona virus cases. The number of French cases past five thousand four hundred twenty on Sunday with one hundred and twenty seven deaths on Saturday. Three hundred corona virus patients were in critical condition half of them under sixty years of age on Sunday. Francis Transportation Minister said the country would begin reducing plane train and bus services between cities and quote. I'd like to end the segment with some potentially good news from Italy Adrenal Aguzzi. A professor of neuro pathology and Switzerland just north of the troubled Italian region of Lombardy tweeted a chart this weekend that showed that even with the surge in deaths in Italy over the last few days the death rate is deviating ever so slightly from exponential growth. It's early days. But the lockdown might be beginning to work linked to the chart. I'm referencing in the show. Notes and Chen He wa. The European Bureau chief for China Daily tweeted this quote. Just read that Chinese medical team sent to Italy to fight Kovic nineteen comprises mostly experienced doctors from Sichuan Sichuan folks still remember how an Italian rescue team during the devastating. Two Thousand Eight Wenchuan earthquake saved many lives. The world needs more of US helping each other and quote. There has been a lot of justified. I think hand-wringing about the scenes of people going to bars and restaurants even to Disney world. This weekend seemingly unworried about anything that is going on. This is obviously a problem for one. Big reason potential transmission from people who might not know they already have the disease indeed. There is increasing evidence that it is young people people without symptoms that might be the key driver of the spread of Corona Virus. Even more so than we realized quoting. Cnn New Studies in several countries and a large corona virus outbreak in Massachusetts Bring into question reassuring assertions by US officials about the way the novel virus spreads it appears that a Massachusetts Corona virus cluster. With at least eighty two cases was started by people who are not yet showing symptoms and more than a half dozen studies have shown that people without symptoms are causing substantial amounts of infection several experts interviewed by CNN. Said while it's unclear. Exactly what percentage of the transmission in the outbreak is fueled by people who are obviously sick versus those who have no symptoms or very mild symptoms? It is becoming clear that transmission by people who are as symptomatic or mildly symptomatic is responsible for more transmission than previously thought and quote. Indeed scientists seem to be coming to the conclusion that this is what makes corona virus so insidious it can spread far before it even sickens both mergers and SARS tend to be only spread by symptomatic people. But if you get cova did you might have spread it to fifty other people before you even know it. Add to that what we've previously discussed about how scientists suspect that you're more contagious earlier. On in the disease in a study of twenty four passengers who had just flown from Israel seven tested positive for corona virus of which four had no symptoms and the viral load of specimens from a symptomatic patients was higher than from the three patients. Who had symptoms thus the global move toward social distancing? Stay home stay out of large crowds status small crowds. There's a link to chart in the show notes that shows the difference between two towns in Italy. The two are Bergamo and loyalty. Loyalty actually had the first cove in nineteen case reported before Bergamo reported. Its first but Loki. Shut down their town February. Twenty Third Burgum. Oh waited until almost a week later by March thirteenth lucky only had around a thousand cases of corona virus and those case numbers seem to be leveling out while Burgum oh has seen case numbers shoot up to two thousand five hundred and young people. I'm talking to you. Data from South Korea where they test everyone they can is suggesting that. Thirty percent of the carriers in that country where aged twenty to twenty nine. If that's not enough to convince you let me point you to an actual animation. It is literally just balls. Dancing around and environment randomly representing infections over time. Look at what happens to the infection curve when only a quarter of a population continues to circulate and three quarters of a population practice social distancing. The infection rate is significantly slowed and with extensive distancing with seven eighths of a population staying home. The infection curve is stopped almost in its tracks. These are powerful animations but they are only animations only simulations made to educate on a concept. The concept is however. This is joke. If you can stay home let me quote. The last paragraph from the story accompanying the simulation quote in one crucial respect. These simulations are nothing like reality. Unlike simulations cove nineteen can kill though. The fatality rate is not precisely known. It is clear that the elderly members of our community are most at risk from dying from covered. One thousand nine hundred quote if you want this to be more realistic. A scientist was quoted after seeing a preview of the story some of the DOTS should disappear and quote link to the simulation is of course in the show. Notes questions are being raised as to whether or not more of US should be wearing face masks. Even if we're not showing signs of corona virus infection authorities in China already mandate the wearing of masks in all public places whether or not people are sick or healthy quoting from ink stone since late January Chinese authorities and major cities have enforced rules on wearing face masks in public spaces including detaining. Those who tried to use public transport without a mask and quote in South Korea and Japan is also required. That mask be worn by healthy people in crowded places but in much of the rest of the world including here in the US. It's advised that only people displaying symptoms should wear masks as just mentioned the possibility that corona virus can be spread by a symptomatic. People is causing some to argue for more widespread use of masks quoting again from ink stone. A symptomatic transmission has been reported in multiple countries in which a spreader is responsible for sickening others without knowing it in January at cluster. Thirteen infections was believed to have started with a British man who contracted the virus during a trip to Singapore and spread it to others on a skiing trip in the French Alps and back home in the United Kingdom all the while showing no signs of infection himself quote researchers writing in the Lancet suggested that in light of this current national advice may need updating to deal specifically with Ron Virus quoting from the peace. If everyone puts on a mask in public spaces it would help to remove stigmatization that has hitherto discouraged masking of symptomatic patients in many places. Furthermore transmission from asymmetric infected individuals has been documented for Kobe. Nineteen and viral load is particularly high at early disease. Stage masking as a public health intervention would probably intercept the transmission link and prevent these apparently healthy infectious sources and quote. All of that said as of right now. The advice remains to only wear a mask if you are displaying symptoms helping to conserve the mask as a resource masks are in short supply and are needed for medical practitioners. Who them more than the rest of us. In order to safely treat people not get sick themselves and thus stay on the job. A new study has revealed the length of time that Kobe nineteen can remain viable on common surfaces. The study so new that it is yet to be. Peer reviewed found that Corona virus was most stable on plastic and stainless steel with viable virus being detected up to seventy two hours on those surfaces after application it can also remain viable for up to twenty four hours on cardboard and up to four hours on copper. The researchers noted that these decay timings were similar to those found with the two thousand and two two thousand. Three SARS virus suggesting that quote differences in the epidemiology of these viruses likely arise from other factors including high viral loads in the upper respiratory tract and the potential for individuals infected with cove nineteen to shed and transmit the virus while a symptom matic and quote. There are presently two hundred and seventy four surface disinfectants approved by the EPA for use against Kovic Nineteen Link to the list is in the show notes at this point with store shelves increasingly bear. I'm sure a lot of us are continuing to rely on delivery especially Amazon prime delivery to keep ourselves stocked up with everything we need so that we can shelter in place. Avoid going out to stores as much as possible and just generally socially distance well an article and vices motherboard talking about the broader strains to workers in the sorting facilities and also the people who have to deliver our stuff makes the point that maybe our delivery systems are endangered as well quote. Motherboards spoke to Amazon Logistics Labor experts. Who say it's only a matter of time? Before Amazon's prime signature two day delivery promise serious delays mistakes and widespread shortages due to increased demands from consumers also pressure on workers to meet rising production quotas restrictions on trade and the possibility of fulfillment centers being. Shut DOWN AS CORONA VIRUS SPREADS. Amazon's warehouse workers. Say they're already seeing increased workloads while fewer of their colleagues are showing up to work. According Labor organizers already Amazon's white collar workers have been asked to work from home. But that's obviously not an option for warehouse fulfillment workers and delivery drivers quote. It seems really likely that. Amazon's prime delivery system will falter Daniel flaming president of Economic Roundtable and an author of the two thousand nineteen report on Amazon's economic impact on southern California told motherboard. One day deliveries may not be made within one day if the workers who do show up to warehouses are more stress given bigger routes and are possibly less experienced incorrect deliveries will be made. The last mile segment of the delivery is very labor intensive and quote flaming ads. That were likely to see a close parallel of what happens in Amazon warehouses. During the holiday rush increase delays mistakes and bottlenecks. It would seem to me. Most likely that we'll see a drop in reliability and timeliness and quote but more than that the fear here is the same with the health system basically if too many people involved in the Amazon delivery chain are even temporarily sidelined by the disease at the same time. It's possible that even Amazon delivery could go down to say nothing of the potential disruption to the supply chain I e if even Amazon can't source enough goods to

Italy Amazon United States Ohio France China Spain New York City South Korea Scientist Starbucks MGM Hong Kong Bergamo Walmart Lvmh New York Times Ron Virus Tim Cook
China launches Long March 5 rocket, paving way for more ambitious space projects

SpaceTime with Stuart Gary

02:39 min | 3 years ago

China launches Long March 5 rocket, paving way for more ambitious space projects

"China's space blitz of ladies continuing with the launch of two more Bedell three navigation satellites followed by new Sino Brazilian birth observation satellite. The Belle three twenty three and twenty four navigation satellites were flooding into orbit aboard a Long March. Three B rocket from the Chiang Satellite concentre in South West than China's Sichuan Province the spacecraft are the forty third and forty fourth in the navigation satellite system the seventeenth and eighteenth of the and you bedell three navigation. Satellites and the twenty third and twenty fourth Bedell satellites placed into medium earth orbit marking the completion of the Corbett. Our three constellation the system however China plans to launch another eight bit after satellites next year as open space three intermediate obits three into inclined geosynchronous orbits and two digit stationary orbits. Meanwhile just days after the Dow Three Launch Beijing launched along fulbe rocket from its tie you and Satellite Loan Center Center in northern China's Yangtze province carrying any joy Chinese Brazilian earth. Resources satellite the CIBA's for a new probe replaced the existing CIBA's his four satellite which was launched back in two thousand fourteen and you spacecraft's equipped with three optical payloads at Chinese built wide range pancreatic multispectral camera brazilian-built zillion built Monte Spectral camera and Brazilian built wide field imager. The pro bowl clicked remote sensing data surveying land resources and environmental conditions and undertaking undertaking research into climate change. The mission also carried it small microsatellites into orbit including Ethiopia's first-ever spacecraft. The actress won a Wide Range H.. Mahdi spectral remote sensing satellite Russian Space Forces of launch the Soyuz to I'm Bay rocket carrying Glonass M navigation satellite into orbit put the Soyuz equipped with forget stage was launched from the Plesetsk cosmodrome eight hundred kilometers north of Moscow. The spacecraft was successfully deployed into a one thousand nine thousand one hundred kilometer high orbit way. It will replace an all. The satellite Glenis is a Russian satellite navigation system similar to America's GPS China's maddow and and Europe's Galileo global satellite navigation systems. The Glonass Constellation consists of twenty four satellites of three over the planes with eight satellites in age designed for a seven year life span the gloss M is a one thousand four hundred fifteen kilograms second generation navigation satellite. It's not known how many more gloss US satellites are likely to be launched as Moscow's already started flying. The newer more Advanced Third Generation Glonass K one and is expected to begin flights of even more Lord Vance K to

China Bedell Chiang Satellite Satellite Loan Center Center Advanced Third Generation Glon Ciba Moscow Sichuan Province Corbett Ethiopia Gps China Plesetsk Cosmodrome United States Lord Vance K Yangtze
How likely is a trade deal with China?

Morning Edition

04:57 min | 3 years ago

How likely is a trade deal with China?

"How likely is a trade deal with China is one more likely after the topsy turvy last few days of the G. seven summit in France president trump talk positively about trade talks yesterday which seems to have calmed financial markets for the moment we were called and we're gonna start very shortly June negotiate we'll see what happens but I think we're gonna make a deal now that was a turnaround from a few days before when president trump tweeted that he hereby ordered American companies to immediately start looking for alternatives to operating in China including the alternative of bringing US companies back to the United States so to give us a sense of the administration's strategy we're joined by Michael Pillsbury he senior fellow and director of China strategy at the Hudson institute and he's also an informal adviser to president trump good morning Sir good morning so what is the president's strategy here well the president's strategy he's kind of telegraph himself when he said that this is how I negotiate and it's worked very well for me unquote you'll find an art of the deal and several other of his fourteen books he's co authored that he takes to go she Asians as a process very seriously he sees an opening he sees the application of pressure and exchanging of offers in the middle of the season in game where the final terms are agreed to and the lawyers get into it and make it binding here's the thing though markets and companies get jittery when the president tweets things like U. S. businesses should make alternate plans to working in China now let me throw China off that may make ten interest but it also makes US firms nervous we saw what happened to the market is really worth it well I think it depends on your understanding of China and just how much China has been to use the president's word ripping off the United States if your view of China which many people still have I called the obsolete view the old fashioned view people my generation have it sort of like eighty percent is that China is basically a friend it's on its way to becoming a democracy they basically want freedom a free market what's not to be happy about and yes there's a little bit of you know cheating but it's probably by individual companies no big deal if you have that view of China then of course you're right in a panic if you're an investor or a a CEO of a major corporation involved in in China or if you were alone Kane you're watching with the markets are doing right that's a lot or if you're a farmer in Iowa or former Minnesota so that groups important what the president is saying and I think Nancy Pelosi and Chuck Schumer and quite a few others on the democratic side support him in this they're saying that we now see a very different China than we thought this is a different China which seems to be focused on stealing our most innovative technology with a purpose not of sort of raising the living standards of a peasant and Sichuan but it Gerry in teen global primacy for China first in economics and then every other possible way and surpassing United States setting up a different kind of world order in which democracy will give way to surveillance and authoritarian regime this China it looks much more dangerous and so the need for a binding agreement with them to rein in his much of this misconduct as possible this time looks like it really needs a trade deal from us that can be enforced but can they lack in early may as you know we almost had that many people administration said were ninety percent of the way there so to be optimistic which what I am this trade deal was almost in hand then for various complex reasons on the Chinese side they reneged on the most important parts of it the legally binding part that laws either carefully to be put back on or lawsuits to be filed inside China the serious part of the agreement in other words so that's where we are now trying to close the deal is and what what president trump's book the art of the deal talks about is the in game yes what is the just quickly in the last thirty seconds we have left what if China is playing the long game just waiting for president trump to no longer be president well they're playing the long game that's the whole point and I think it's the bipartisan support from Nancy Pelosi and Chuck Schumer in particular gives us a really good chance of getting a deal presence not alone on this a lot of people see this new dangerous China that I've written about in the book the hundred year marathon the problem is however there are super hawks who say let's not negotiate at all this country is just untrustworthy that's a small group but is growing in some parts of our country Michael Pillsbury author of the hundred year marathon China's secret strategy to replace America as a global superpower he's also an informal adviser to president trump thank you Sir an optimist about getting a good deal to her right

China France President Trump Hundred Year Eighty Percent Ninety Percent Thirty Seconds
Judge finds officials had no constitutional duty to protect Parkland students

Lars Larson

00:53 sec | 4 years ago

Judge finds officials had no constitutional duty to protect Parkland students

"Glad to have you with me. Eight six six four three nine five to seven seven should China. If we're going to punish Saudi Arabia because of the death of the journalist and political activist and mother, Muslim Brotherhood guy. Jamaal kashogi should we go after China for cracking down on Christians, especially since this crackdown comes right before Christmas. The BBC reports. A recent surge in police action against churches in China raises concerns the government is getting even tougher on unsanctioned Christian activity. Among those arrested are a prominent pastor and his wife of the early reign covenant church in Sichuan both have been charged with state subversion and on Saturday morning. Dozens of police raided a children's bible class at a church in Guangzhou China is officially atheist, although it says that it it actually allows religious freedom. But only if it's approved by the. State. Apparently, let's go to John in Georgia. John welcome to the LARs Larson show on a Tuesday night and merry Christmas to you and yours. What's on your mind? Very christmas. Like very much taking my call. What's up? I was just talking about Christmas understand

China Guangzhou China Muslim Brotherhood Saudi Arabia Jamaal Kashogi John Sichuan Lars Larson BBC Georgia
China and India reach border issue consensus

World News Analysis

01:49 min | 4 years ago

China and India reach border issue consensus

"The first border talks held in China's since last year still allow standoff China and India, they reached importing consensus and pledged to implement the consensus to maintain border peace. That's according to a statement released by the Chinese ministry of foreign affairs during the weekend during a meeting Saturday representatives from China and India exchange views on bilateral relations, and issues of share concern, though, size agreed to reach a fair reasonable and mutually acceptable solution to border disputes as soon as possible before a final settlement. Coulda border disputes. This reached the two countries are dedicated to maintaining peace entering quality at border, the twenty first round of talks between Chinese and Indian special representatives on boundary. Issues was co chaired by Chinese state councilor and foreign minister one e an India's national security adviser g Davar ancient do southwest China's Sichuan province the more about about this latest round of border talks between China and India, go earlier talk with ringing my president and senior research fellow with the China Institute of international studies, professor around both twenty nine India said they reached important consensus. How do you understand the important? Consensus was takeaway from the statement released by the Chinese ministry of foreign affairs. I think this round of talk is important in the fact takes point consensus being reached and also published about in the Chinese subtly the Chinese. The website China's foreign ministry and also the website of the India ministry of external affairs, and even look at the six points for me, the most important thing, of course, is that the two Basho Representative.

Chinese Ministry Of Foreign Af China India India Ministry China Institute Of Internation G Davar Sichuan Senior Research Fellow Representative Professor President Trump
President Trump in Scotland for weekend at golf course

BBC World Service

04:41 min | 4 years ago

President Trump in Scotland for weekend at golf course

"Hello i'm caroline what i'd welcome to the world this week the program that tells you how the world has changed in the past seven days this was the week when donald trump challenged nato allies to raise spending on defense or else the united states commitment to nato is very strong remains very strong but primarily because everyone the spirit they have the amount of money they're willing to spend the additional money that they will be putting up has been really amazing he got involved in britain's brexit turmoil to the week when india became the world seek largest economy when syrian government soldiers planted their flag in the place with rebellion was born and the miracle of thailand we just had a little bit of hope that the kids were still alive but we had to move forward and do it it was a tiny bit of hope we have to hold onto that hope and in the end we found out that they were all alive was it a miracle for the government to that after this bbc news i'm john shea the hat of the colombian former rebel group faulk has asked for forgiveness for the kidnappings carried out by the group and the pain and suffering inflicted on many families rodrigue along donyo also known as timoshenko was attending the first hearing of a special tribunal which will try crimes allegedly committed during the country's fivedecade civil war families victims say they hope the tribunal discover where the remains of some of those who were kidnapped and murdered can be found who yet the mantra is one of the tribunal magistrates so much dirt your meal they're more than eight thousand kidnappings this is part of the reason this process was established to establish the truth about the number of people who are the victims of this skirt it is part of the truth that we hope to uncover there's been more violence in nicaragua after a twenty four hour national strike on friday to demand the resignation of president daniel ortega a group of about one hundred and fifty students was trapped inside a church at the main university in managua along with priests and journalists after coming under attack from paramilitary groups sympathetic to the government thousands of people have thronged abbas main thoroughfare degrees era as president his arrived on a three day visits to ethiopia some waves giant eritrean flags president assize of work is visit comes less than a week since the two neighbours declared an end to a two decade long conflict when ethiopia's leader of abi ahmed travels to asmara families in mustang in western pakistan are burying their dead were killed on friday and one of the country's worst ever militant attacks the province of balochistan has declared three days of mourning the islamic state group says it carried out the attack so condo kamani reports this is one of the deadliest attacks by militants in pakistan's history it targeted an election rally of a local politician in the town of mustang he was amongst those killed the previous set of elections in pakistan were overshadowed by the threat of violence the number of parties unable to campaign in the past few years security has greatly improved in pakistan but this week has seen a spate of attacks targeting local politicians president trump has spending the weekend at one of his golf courses in scotland is preparing for the summit on monday when he's you to meet president putin in helsinki lana gordon has this report there has been no official confirmation of president trump's plans for the next two days but a round of golf is turnberry course is likely more than five thousand police are on duty for the duration of his visit to scotland patrolling the sea and shoreline they'll be hoping there will be no repeat of last night when a protest are flying paraglider got within around one hundred meters of the president shortly after he arrived at his resort this is the latest world news from the bbc the trial of boy is rescued from a flooded cave complex in northern thailand are expected to be released from hospital next thursday thailand's health minister told reporters the boys and their families needed to be prepared for the media attention they'll receive when they come out the boys and the football coach are recovering physically and mentally from the underground ordeal and the dramatic rescue intense seasonal rains and thunderstorms in china have caused widespread flooding and disruption with bridges destroyed and roads and railways blocked in the southwestern province of sichuan ten major highways have been closed more than eighty thousand people have been evacuated from.

One Hundred Meters Twenty Four Hour Fivedecade Seven Days Three Days Two Decade Three Day Two Days
China's June exports jump, surplus with US at record high

Bloomberg Daybreak: Europe

04:47 min | 4 years ago

China's June exports jump, surplus with US at record high

"Your day let's get a check of the top headlines with daybreak editor richard macauley who is live for us from hong kong richard let's kick it off then with the fed chair jerome powell guggenheim a saint louis fed economist all offering warnings when it comes to the trade story and how it may impact growth going forward good morning yeah that's right so say powell was speaking on marketplace us radio show and he's offered some comments as you say tie in with a few different warnings that came overnight he said that what the central bank was hearing is that sorry it was hearing a rising level of concern about what the trade war could do to the economy of rule he said he sleeps pretty well on the economic given jobs in inflation but he said that he could envisage a situation in which inflation accelerates while the economy weakens this is due to the the effects of the trade war now one economist from this louis fed also warned of job cuts some factory closes if the trade war escalates guggenheim's scott menard he he called the effects of a trade war devastating to put it bluntly one sort of bit of a silver lining though jay powell did also mention that trump's stated goal if this trade is to force or to encourage other countries to lower their tariffs now if that happens of course j paul said that would be good for the us economy but of course in the short term right now looking at quite a few big warning sort of signals it's it's not hurting asian stocks were looking at asian index finishing up the first week in five a why is that richard well right now it's interesting to watch i mean maybe it's not sort of kicking in just yet one thing that we're looking at right now is the china exports china it's total export growth we go this states this morning total export growth actually fell to three point one percent in june from rally at that's lower than estimates had expected imports also fell this estimates by a long shot too but the most interesting number at the moment is the growth in exports to the us now a high number that could settle trade hawks in washington later but right now we saw us exports also chinese exports to the us in june hit a record now in dollar terms the value of those goods was almost twenty nine billion dollars now that of course looks like some pretty good trade on i'm sure it's going to help the the stock market today is so you can see no major effect from from that main sort of route of international trade so far yeah pretty good trade figures i'm kind of wondering whether or not it's going to go down like a lead balloon though over in washington dc led zeppelin led zeppelin that's true we all all about the blimps today aren't we let's talk one more story richard at and t the us dust is department planning to appeal that's at and t time warner merger approval talk us through the details here briefly we feel at and t had been cleared for a motor that was off to the government failed to convince the judge that the merger was about idea now the justice department as you say appealing that judge's decision the department's antitrust division filed just a onesentence notice of appeal at and t says declined about upset after trading but see at and t c randall stevenson he said that he this was expected and that he would take this the fight to merge all the way to this cream court if necessary so plenty more coming up all right richard thanks very much richard macauley there from bloomberg daybreak daybreak is out on customer terminals bringing you all the news you need to start your day let's get some more headlines now from around the world as blue bag cock good morning markus nineteen people have been killed and at least twelve injured in a factory explosion that struck china's sichuan province statement quoted by royces the thirties and john coombs county say the blast happened at a chemical plant run by you've been hanging hanged the and technology before midnight local time us president donald trump's campaign chairman paul manafort's lost his bid to get out of jail while appealing a judge's order to put in their bloomberg's nathan hager has the details a three judge federal panel denied the.

Editor Richard Macauley Hong Kong Twenty Nine Billion Dollars One Percent
Murder, Highland Park and China discussed on The Paul W. Smith Show

The Paul W. Smith Show

00:42 sec | 4 years ago

Murder, Highland Park and China discussed on The Paul W. Smith Show

"Oakland county sheriff's have solved a murder case from twenty eleven a toledo man is in jail for the murder of an eighty one year old woman helen gail of southfield her body was found in a burning car in highland park in twenty eleven her body identified through dental records the state board of canvassers meets today they'll reconsider a petition for a ballot proposal that would repeal the state's prevailing wage law in china a sichuan airlines copilot was nearly sucked out of the plane when the windshield was shattered at thirty thousand feet above southern china the captain and his crew made an emergency landing the copilot suffered minor injuries a flight attendant was injured none of the one hundred nineteen passengers were hurt the plane landed safely without.

Murder Highland Park China Oakland County Toledo Helen Gail Southfield Sichuan Airlines Thirty Thousand Feet Eighty One Year