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Welcome to the Views from a weekly podcast brought to you by Reuters Breaking Views.

I'm Rob Cox, the editor of Breaking Views, coming to you from Zurich, Switzerland.

This week I chatted with John Foley, our U.S. editor in New York, to get his take on the pretty extraordinary earnings being reported by banks like Goldman Sachs, J.P. Morgan,

and Citigroup. Basically, with the American consumer wobbling under COVID-19 lockdowns

and concerned about the reopening of the economy, those institutions with big Wall

Street presences and trading businesses are doing just fine.

In a nutshell, it's a great time to be Goldman Sachs, not so much Wells Fargo.

After that, I chatted with Ed Cropley, who's isolating somewhere in the English countryside

about British Prime Minister Boris Johnson's decision this week to ban all

Huawei equipment from its 5G mobile networks by 2027.

It's part of the geopolitical tussle between China and America over 5G technology and other

things. Indeed, President Donald Trump crowed about the whole affair and the Rose Garden

the next day. Whether that will entice allies like Germany, France, and Italy to play the same game, it's not so clear, says Ed. Finally, even though Xi Jinping and Trump may not see an eye to eye on a lot of things, they do seem to agree on one thing. This week, China took a page out of Uncle Sam's fiscal handbook and moved ahead with the plan to taxed citizens abroad. The U.S. has long forced its passport holders to file and pay taxes

on their foreign income, believe me, I know all about this, but few other major economies

have ever done so. Pete explains a bit to me why China may be doing this right now. Given

the surging deficits of other more developed nations around the world, I would also bet the idea catches on elsewhere. Anyway, give a listen.

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