"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-01-06T19:09:36Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/01/06/markets-now-full-show-01-06-2021-piegza-drori-draho.cnn"
data-branding-key="markets-now"
data-video-slug="markets now full show 01 06 2021 piegza drori draho"
data-first-publish-slug="markets now full show 01 06 2021 piegza drori draho"
data-video-tags="business, economy and trade,companies,continents and regions,diseases and disorders,economic conditions,economic growth,economic recovery,economy and economic indicators,epidemics and outbreaks,georgia,government and public administration,government organizations - us,health and medical,infectious diseases,north america,politics,public health,southeastern united states,the americas,ubs ag,united states,us congress,us senate"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-01-06T19:09:36Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/01/06/markets-now-full-show-01-06-2021-piegza-drori-draho.cnn"
data-branding-key="markets-now"
data-video-slug="markets now full show 01 06 2021 piegza drori draho"
data-first-publish-slug="markets now full show 01 06 2021 piegza drori draho"
data-video-tags="business, economy and trade,companies,continents and regions,diseases and disorders,economic conditions,economic growth,economic recovery,economy and economic indicators,epidemics and outbreaks,georgia,government and public administration,government organizations - us,health and medical,infectious diseases,north america,politics,public health,southeastern united states,the americas,ubs ag,united states,us congress,us senate"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-12-07T18:59:29Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/12/07/planet-fitness-ceo-10-membership-orig.cnn-business"
data-branding-key="markets-now"
data-video-slug="planet fitness ceo $10 membership orig"
data-first-publish-slug="planet fitness ceo $10 membership orig"
data-video-tags="business, economy and trade,companies,diet, nutrition and fitness,domestic alerts,domestic-business,domestic-health and science,economic conditions,economic indicators,economy and economic indicators,exercise and fitness,fitness centers,health and medical,iab-business and finance,iab-economy,iab-fitness and exercise,iab-healthy living,inflation,international alerts,international-business,international-health and science,planet fitness"
data-details="">
Video Ad Feedback
Planet Fitness CEO explains how it keeps gym memberships at $10
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-11-16T19:14:20Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/11/16/where-are-stocks-headed-next-markets-now-ht.cnn-business"
data-branding-key="markets-now"
data-video-slug="where are stocks headed next markets now ht"
data-first-publish-slug="where are stocks headed next markets now ht"
data-video-tags="banking, finance and investments,business, economy and trade,charles schwab corp,companies,financial markets and investing,securities trading,stock markets"
data-details="">
Video Ad Feedback
Market strategist on where stocks are likely headed next
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-10-05T17:17:26Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/10/05/markets-now-stockx-ceo-scott-cutler-authenticate-zw-orig.cnn-business"
data-branding-key="markets-now"
data-video-slug="markets now stockx ceo scott cutler authenticate zw orig"
data-first-publish-slug="markets now stockx ceo scott cutler authenticate zw orig"
data-video-tags=""
data-details="">
Video Ad Feedback
StockX CEO: Here's how we authenticate sneakers, trading cards before sale
Wall Street banks are shaking up their offerings in Hong Kong, pulling the plug on hundreds of products to comply with the US ban on several Chinese businesses.
Fund manager State Street Global Advisors said in a statement that its Hang Seng
(HSI) index tracker TraHK will no longer invest in businesses deemed to be affiliated with or supporting the Chinese military that have been sanctioned under President Donald Trump’s November executive order.
Meanwhile, BlackRock
(BLK) said in a note to clients that its iShares ETFs have also been adjusted in accordance with the underlying indexes response to the sanctions.
Last week, the New York Stock Exchange banned Chinese telecom companies to comply with the executive order – although only after flip-flopping on the issue multiple times. The reason for NYSE’s initial indecision remains unclear, but it isn’t a great look for the worlds’ largest stock market. And despite the apparent hesitation, China Mobile
(CHL), China Telecom
(CHA) and China Unicom
(CHU) ceased trading Monday.
Bipartisan pressure to be tough on China is expected to continue in the Biden era
Trump’s term is coming to an end, but President-elect Joe Biden isn’t expected to reverse the government’s position on China when he takes office later this month.
“There is bipartisan pressure to remain tough on China,” said Jaret Seiberg, analyst at Cowen, noting that Biden will have “much bigger priorities to advance, such as secure another stimulus [package].”
This could mean US capital markets, as well as accessing the US consumer base, could continue to be a tricky task for Chinese companies.
In fact, Biden could get even tougher on China, Seiberg said.
“That could include asking Congress to shorten the three-year period Chinese companies have to open their audits to inspections before US exchanges have to delist them.”
