CNBC Special Report: Taking Stock 2/17/23
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 18 February 2023
⏱️ 45 minutes
🧾️ Download transcript
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| 0:00.0 | And thank you, Melissa. Welcome to the CNBC Special Taking Stock. I'm Worgia Brennan, |
| 0:12.4 | and Pramer has the night off tonight. A deep dive into the world's second largest |
| 0:16.7 | economy, China. As one of the country's top tech CEOs goes missing, sending sugar shutters |
| 0:21.6 | through the investment community, shares of his stock, China Renaissance, tumbling 28 percent, |
| 0:26.8 | the hang sang following a nearly 1.3 percent in trade today in this Shanghai composite ending |
| 0:32.0 | the trading day in the red as well. Back here at home, the Dow closing near the high of the session, |
| 0:38.0 | but notching its third straight week of losses, the S&P 500 and Nasdaq each ending the day |
| 0:43.0 | down less than 1 percent. We're going to break down what it all means for you and for your money. |
| 0:49.6 | Tonight, a China expert and friend of that missing Chinese executive joins us to give an inside |
| 0:54.5 | look at what's happened to others in a similar position. And as bosses go missing, we'll ask the |
| 0:59.6 | CIO Prane shares, which runs the China Tech ETF K-Web, how to navigate all of these challenges |
| 1:05.5 | as an investor, and find the opportunities in the region. Plus, forget balloons. Why China's top |
| 1:12.0 | surveillance method could be sitting in the palm of your hand. We've got a lot to get to tonight, |
| 1:17.9 | but first we start with today's big story. China may be reopening, but US China business relations |
| 1:23.0 | remain tense. When it comes to the Chinese business environment, especially in light of news today, |
| 1:29.4 | that a top Chinese investment banker has gone missing, Yunus Yun joins us now with more. Yunus, |
| 1:35.2 | it's so great to speak with you today. And I guess bring us the latest in terms of what we know |
| 1:40.0 | about this situation on the ground there. China's company, China, Renaissance has informed the Hong |
| 1:44.8 | Kong stock exchange that it is unable to contact the founder, Baofan, basically tanking this stock |
| 1:52.4 | by about 50 percent at one point today. The man Bao, he's a very well-known tech investor, |
| 2:02.4 | as well as a banker to the tech elite in the early days of say, Alibaba, Baidu, as well as 10cent. |
| 2:10.4 | He was able to make connections. And also is seen as a man who's been very critical to some of |
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