Morning Wire Xi Business Dinner & NY Budget Cuts | Afternoon Update | 11.17.23
Nov 17, 2023
Key topics include the significant implications of China's President attending the APEC Summit and the mixed messages about U.S.-China economic ties. Rising safety concerns in America are making headlines, particularly with budget cuts in New York City impacting vital services. The podcast also covers important business updates, such as GM's new labor contract, Hyundai's innovative car sales strategy on Amazon, and notable sports relocations, including the Athletics moving to Las Vegas.
AI Snips
Chapters
Transcript
Episode notes
Xi Jinping Dinner
- Business leaders paid $2,000 to attend a dinner with Chinese President Xi Jinping.
- However, a seat at Xi's table cost a premium of $40,000.
US-China Investment
- U.S. corporations have withdrawn a substantial $160 billion in investments from China.
- Despite de-escalation efforts by President Xi, long-term investment in China is unlikely.
Panda Diplomacy
- Giant pandas may return to the U.S. as a gesture of friendship.
- They would move from the D.C. National Zoo to the San Diego Zoo.