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WSJ What’s News

China Reopens to the World as Travel Restrictions End

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 9 January 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

A.M. Edition for Jan 9. China removed almost all of its border restrictions on Sunday, bringing an end to pandemic measures that had effectively sealed off the country from the rest of the world for three years. WSJ reporter Wenxin Fan explains what has changed and how the business community is responding to the reopening. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Not running your business on NetSuite is like trying to sink a putt with a cap pulled over your eyes.

0:05.0

NetSuite by Oracle gives you visibility and control of your financials, inventory, budgeting, and more, all in one place.

0:13.0

NetSuite has a new financing program for those ready to upgrade at NetSuite.com slash Wall Street.

0:19.0

Police in Brazil regain control of government buildings following attacks in the capital by supporters of former president Jair Bolsonaro.

0:32.0

Plus China lifts travel restrictions as it reopens to the world.

0:36.0

But in terms of policy, it's pretty much back to normal, to what was like before the pandemic.

0:44.0

And we'll survey the expectations on Wall Street as earning season gets underway.

0:49.0

It's Monday, January 9th. I'm Luke Vargas with Wall Street Journal, and here's the AM edition of What's News, the top headlines and business stories moving your world today.

0:59.0

In Brazil, police have begun regaining control of protests in the capital, Brazil, after supporters of former president Jair Bolsonaro attacked government buildings on Sunday, with many calling for military intervention to remove leftist leader Luis Inaceo Lula de Silva from office.

1:23.0

Police said some 300 people had been arrested.

1:30.0

President De Silva, who was not in the capital, gave a news conference in which he called protesters fanatic fascists. De Silva added, quote,

1:39.0

I wanted to tell you that all the people who did that will be found and punished. They will see that democracy guarantees the right to freedom, freedom of communication, freedom of expression.

1:54.0

But it also demands that people respect the institutions that were created to strengthen democracy.

2:03.0

De Silva accused Brazilian military police, which counts many supporters of Bolsonaro among its ranks, of not acting to contain protesters, and he invoked emergency measures to temporarily place the federal government in charge of public security.

2:20.0

Bolsonaro has yet to publicly concede that he lost October's presidential election on Twitter Sunday. He condemned any attacks on government buildings, but also invoked past acts of vandalism carried out by the Brazilian left.

2:36.0

President Biden is set to meet with the leaders of Mexico and Canada today in a summit that is expected to focus on immigration, security, and regional supply chain problems.

2:47.0

The North American leaders summit in Mexico comes as the three countries have been working through trade disputes over the implementation of their joint US-Mexico Canada trade agreement.

2:59.0

On his way to Mexico, Biden made a stop in El Paso, Texas on Sunday, marking his first trip to the southern border as president.

3:07.0

The Biden administration has faced bipartisan criticism for its handling of the border. According to US Customs and Border Protection, a record 2.2 million people were caught crossing the southern border illegally last year.

3:22.0

Turning to Washington, the House of Representatives is set to begin its first week of substantive work today after its Republican majority ended a days-long drama by electing California Representative Kevin McCarthy as Speaker on Saturday.

3:37.0

Republicans have promised to bring up a series of measures in the coming weeks, including to establish a bipartisan committee to scrutinize China's economic competition strategy.

3:48.0

Other bills would rescind billions in new funding for the Internal Revenue Service, place new restrictions on the use of the Strategic Petroleum Reserve, and make changes to immigration policy.

...

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