Wall Street Breakfast: U.S.-China Relations
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 6 February 2023
⏱️ 9 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Monday, February 6th, and I'm your host Julie Morgan, our top stories. U.S. China relations are on edge after a spy balloon |
| 0:17.1 | is shot down over the weekend. China is warning the U.S. of serious repercussions for shooting down the balloon, which had been drifting across the US for a week. |
| 0:26.0 | More layoffs to tell you about, this time Dell is in the spotlight. |
| 0:30.0 | The company is laying off 5% of its workforce. |
| 0:34.0 | And the price of Tesla's model Y is going up. |
| 0:37.0 | It was only three weeks ago that Tesla slash prices |
| 0:40.0 | on some of its model Y's to boost demand and to make more versions eligible for a tax credit. |
| 0:47.0 | We begin with the U.S. and China. |
| 0:50.0 | There had been some hope of cooling tensions between the US and China in recent months, |
| 0:54.9 | but now things appear to be moving in the opposite direction. |
| 0:58.3 | An American fighter jet shot down what was dubbed a Chinese spy balloon over the weekend. |
| 1:03.2 | This balloon had been floating across the US for a week. |
| 1:06.6 | That same balloon forced Secretary of State Anthony Blinkin |
| 1:10.0 | to cancel a top-level meeting with President Xi Jing Ping citing violations to U.S. sovereignty. |
| 1:16.0 | After the balloon was shot down, Beijing called the use of force a violation of international conventions |
| 1:22.1 | and warned of serious repercussions. |
| 1:25.0 | Leaders insisted that its civilian unmanned airship was merely collecting meteorological |
| 1:30.6 | data and strayed off course due to high winds. |
| 1:34.0 | Debris from the balloon is still in the process of being collected. |
| 1:37.6 | It was recently revealed due to a leak that a US 4-star general has warned that the |
| 1:42.2 | U.S. will go to war with China in 2025. |
... |
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