New SEC Regs for Chinese Companies?

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🗓️ 25 August 2021

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dick’s Sporting Goods soars to a new all-time high while Nordstrom plummets on sales that are lower than pre-pandemic levels. Bill Mann analyzes the retail landscape and weighs in on SEC Chairman Gary Gensler’s declaration that the SEC is going to demand more transparency from Chinese companies.

Transcript

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0:00.0	It's Wednesday, August 25th.
0:04.2	Welcome to Market Fullroom.
0:05.4	I'm Chris Hill with me today.
0:06.8	The one and only Bill Mann.
0:08.7	Thanks for being here.
0:09.7	Hey Chris, how are you?
0:11.2	I am good because we have two radically different retail stocks.
0:16.0	We are going to get to, but we're going to start big macro.
0:20.8	SEC Chairman Gary Gensler said the SEC is going to demand
0:25.8	that Chinese companies trading in US markets do a better job
0:29.9	of telling investors about political and regulatory risks.
0:33.6	Gensler said he envisions this starting early next year
0:36.5	in companies annual reports.
0:40.2	I have a couple of questions.
0:42.4	I guess my first is, do you envision this starting next year?
0:47.6	I actually do.
0:50.6	Actually, there have been a lot of disagreements, obviously,
0:54.8	between US regulators and the Chinese government,
0:59.0	the Communist Party about what type of information Chinese companies
1:03.1	should have to share.
1:05.1	Oddly, in this case, the Chinese have agreed
1:09.2	and are at least saying they're going to be supportive.
	...

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