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The Growing U.S.-China Divide, Senate's Journalism Bill is DOA, and Congressman Ro Khanna
Pivot
The Heng Say in Chinese Stocks
The government has said, we are not opting for the dollar. We are going to turn off social media for kids, except for one app. They can only gain. And it's caught American and Western companies totally flat-footed. Tim Cook, as always, who's playing chess, not checkers here, has been working on this for a while. It's going to cost them tens of billions of dollars. But they will leave enough in China such that if she or anyone in China starts putting demands on Apple, he can say, well, we hope you don't decide to do that but if you do, we're just fine.
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