China Accuses U.S. Of Flying Spy Balloons

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 13 February 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

China accuses U.S. of flying spy balloons since early 2022. Fidelity National Information (FIS) plans to spin off its merchant business - report. Catalyst watch: Inflation reads, Roblox (RBLX) and DoorDash (DASH) in the spotlight.

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Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning.
0:07.0	Good morning. Today is Monday, February 13th, also known as Football Hangover Day.
0:13.0	I'm your host Julie Morgan.
0:15.0	Our top stories.
0:16.8	China is accusing the US of flying spy balloon
0:19.8	since early 2022.
0:21.9	This as the US shoots down a high altitude
0:24.7	object for the fourth time in eight days.
0:28.2	Meta is reportedly looking at more job cuts next month.
0:32.2	This would be in addition to the 13% reduction in
0:35.3	workforce last November. And a report says Fidelity National
0:39.8	Information is planning a spin-off of its merchant business. The announcement could come as early as this week.
0:47.0	We begin with balloons. For the fourth time in eight days, the U.S US military on Sunday shot down another high
0:54.8	altitude object. This one was flying over Lake Huron in Michigan. Not many details are
1:00.5	available. The flying objects have been described as types of airships and are
1:04.8	believed to have had a payload either attached or suspended from them. Part of the reason for
1:10.3	the repeated shootdowns could be a state of heightened alert.
1:13.6	Norad is closely scrutinizing the airspace amid fears about an extensive Chinese military
1:19.5	balloon program. Taiwan has already provided new insight about frequent flights.
1:25.0	Japan and the Philippines have also observed balloon incursions into their airspace.
1:31.0	However, China lashed out overnight saying that there have been American balloons
1:35.6	illegally flying over China more than 10 times since the beginning of 2022.
	...

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