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Viewsroom

Viewsroom: Is Silicon Valley getting nervous yet?

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 3 July 2018

⏱️ 16 minutes

🧾️ Download transcript

Summary

The tech hub is getting squeezed by new policy restrictions amid a looming trade war between the U.S. and China. How is the Valley holding up? Plus: India's state lenders are losing CEOs. Is running these banks into the ground part of the plan?  See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The views expressed on this podcast are those of the participants, not of Rogers News.

0:10.1

Silicon Valley is getting squeezed by new policy restrictions, and at the same time, a trade war is looming between the United States and China that could throw investment into disarray.

0:20.4

How is the startup hub holding up? And Indian

0:23.4

state lenders are losing their CEOs at a rapid rate. Some are retiring. Some are under

0:27.5

investigation. New candidates are hardly flocking to replace them. He's running these banks into

0:32.6

the ground part of the government's plan. That's what we're going to talk about on this week's

0:36.4

views room. A weekly conversation amongst breaking views columnists about the ups and downs of the

0:41.3

world of finance. I am your host, Pete Sweeney. I'm sitting here in Hong Kong chatting with

0:46.2

Robin Mock, who has literally just returned from sunny California. Robin, thanks for joining us.

0:53.1

I know the jet lag is rough, having experienced it myself, but we just could not wait to hear your insights from your visit.

1:00.0

There's been a lot of chatter on how this trade war is going to play out, how Trump is going to play out,

1:05.3

how all these policy changes regarding the usage of private data is going to play out for capitalists and startups in

1:12.2

Silicon Valley. What's the feeling on the ground like? Hi, Pete. Yeah, so I just got back from

1:17.7

San Francisco in Silicon Valley, you know, and I spent, you know, most of last week visiting

1:23.2

startups, VCs, banks, you know, and all sorts of people. And surprisingly, actually, the U.S.

1:30.5

China tensions haven't really trickled down. So people there on the ground are still genuinely

1:36.1

very excited and optimistic about, you know, opportunities in China. There's still a lot of

1:43.2

activity, you know, between, you know, from Chinese investments

1:47.3

and foreign investments going into the area and vice versa. So it's actually a very different

1:53.1

view of, you know, what's happening in Washington and Beijing. I mean, what about this pushback?

1:59.6

You know, you're seeing in Europe and now with this

2:01.1

new law in California about data. I mean, I know a lot of money has gotten raised based on these

...

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