BREAKDOWN: The Latest on the Global Economy's Most Contentious Relationship
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 10 August 2020
⏱️ 20 minutes
🧾️ Download transcript
Summary
China and the U.S. trade high-profile sanctions, but the real impact is showing up in banks and on the Hong Kong stock market.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today on the Brief:
- Grayscale launches national digital asset TV ad campaign
- Rough times for oil as Saudi Aramco sees 73% decline in revenue
- Kodak crashes as government grant paused amid allegations of impropriety
Our main conversation is a look at the latest skirmishes between the United States and China, including:
- U.S. sanctions on Hong Kong leaders including Carrie Lam
- Retaliatory Chinese sanctions on U.S. politicians
- The arrest of a pro-democracy Hong Kong media tycoon
- Arrest warrants issued for six foreign Hong Kong democracy advocates
- President Trump signs executive orders targeting TikTok and WeChat
- Twitter enters the race to buy TikTok before the Executive Order ban takes effect
- Impact on banks, the Hong Kong stock market and Huawei
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Transcript
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| 0:49.9 | Joshua Live, for his part, had sort of prophesied this. In an op-ed in the New York Times at the end of May, he wrote, |
| 0:57.2 | I have always thought I might one day be sent to jail for my publications or for my calls for |
| 1:01.7 | democracy in Hong Kong. |
| 1:03.4 | But for a few tweets, and because they are said to threaten the national security of |
| 1:07.5 | mighty China, that's a new one, even for me. |
| 1:11.7 | Welcome back to The Breakdown with me, NLW. |
| 1:15.8 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:22.0 | The breakdown is sponsored by crypto.com, BitStamp, and nexo.io, and produced and distributed by CoinDesk. |
| 1:31.6 | What's going on, guys? It is Monday, August 10th, and today we are going to look at the latest |
| 1:38.5 | in the world's most contentious and important business relationship. That is, of course, the relationship between the |
| 1:46.2 | U.S. and China. There has been a huge number of new developments over just the last week or so, |
| 1:51.6 | so we're going to look at all of that. First, however, let's do the brief. First up on the brief |
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