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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S.-China relations are 'dangerous' but better managed, says Longview Global's Dewardric McNealDewardric McNeal, managing director and senior policy analyst at Longview Global, Nicholas Lardy, senior fellow at Peterson Institute for International Economics join CNBC's 'The Exchange' to discuss Secretary Blinken's visit to China, industrial policy, and more.
Persons: Dewardric McNeal Dewardric McNeal, Nicholas Lardy, Blinken's Organizations: U.S, Longview Global, Peterson Institute for International Economics, CNBC's Locations: China, Longview
Another lawsuit was filed in federal court in the Northern District of Texas by business tax services firm Ryan. “The FTC contends that by using regulation they can simply declare common business practices to be ‘unfair methods of competition’ and thus illegal. “If the FTC can regulate noncompete agreements, then they can decide to regulate or even ban any other business practice. Long delays may be on tap before the rule takes effectThe FTC rule isn’t set to go into effect until 120 days from the day it is published in the Federal Register. In the near term, “I’m generally telling clients to take a wait-and-see approach with respect to the FTC rule while court challenges play out in the next few weeks,” Turinsky said.
Persons: Ryan, , Daniel Turinsky, DLA Piper, Lina Khan, Jake Tapper ”, isn’t, , ” Turinsky, James Witz, ” Witz Organizations: New, New York CNN, Federal Trade Commission, US Chamber of Commerce, Business, Eastern District of Texas, Northern District of, US Chamber, FTC, Chamber, Longview Chamber, Commerce, Federal Locations: New York, United States, Eastern District, Northern District, Northern District of Texas, Longview, Longview , Texas, Texas, Littler
The lawsuit, filed in a U.S. District Court in Texas, argued that the F.T.C. The Chamber of Commerce was joined by three other business groups: the Business Roundtable, the Texas Association of Business and the Longview Chamber of Commerce. announced a final rule to ban the noncompete agreements. The rule was approved in a 3-to-2 vote, with both Republican commissioners voting against the measure. The Chamber of Commerce vowed to challenge the rule shortly after the vote.
Organizations: U.S . Chamber, Commerce, Federal Trade Commission, Business, Texas Association of Business, Longview Chamber of Commerce Locations: U.S, Texas, Longview
The U.S. Chamber of Commerce and several other business groups on Wednesday sued the Federal Trade Commission in Texas federal court over the commission's vote to ban noncompete clauses, which are used to block employees from leaving to work for competitors in the same industry. On Tuesday, the FTC voted to enact the ban on the basis that noncompete clauses stifle the efficiency of the labor market, hinder competition and can lead to higher prices for consumers. The business groups claimed that the FTC's ban, "breaks with centuries of state and federal law." In addition to the Chamber of Commerce, the Business Roundtable, Texas Association of Business and Longview Chamber of Commerce are all plaintiffs in the suit. The FTC suggested that instead of relying on noncompete clauses, companies should look to other safeguards of information, like nondisclosure agreements.
Persons: Lina Khan, Douglas Farrar Organizations: House Energy, Commerce, U.S . Chamber of Commerce, Wednesday, Federal Trade Commission, Federal, U.S . Chamber, Eastern District of Texas, Chamber of Commerce, Business Roundtable, Texas Association of Business, Longview Chamber, FTC, CNBC Locations: Texas, Eastern District
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDiminishing returns from U.S.-China executive meetings, says Dewardric McNealDewardric McNeal, Senior Policy Analyst at Longview Global, discusses China president Xi Jinping's meetings with U.S. CEOs this week.
Persons: Dewardric McNeal Dewardric McNeal, Xi Organizations: Longview Global Locations: U.S, China, Longview
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDewardric McNeal says a potential TikTok ban may not cause a deterioration in U.S.-China relationsDewardric McNeal, Longview Global, joins 'Fast Money' to discuss what a TikTok ban could mean for relations between the U.S. and China.
Persons: Dewardric McNeal Organizations: U.S Locations: China, Longview
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe direct targeting of TikTok will give a ban pause with the Senate, says Dewardric McNealDewardric McNeal, Senior Policy Analyst at Longview Global, discusses the potential of a TikTok ban.
Persons: Dewardric McNeal Dewardric McNeal Organizations: Senate, Longview Global Locations: Longview
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSanctions are a long game and Ukraine doesn't have the time, says Longview's Dewardric McNealHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Ukraine doesn't, Longview's Dewardric McNeal, Brian Sullivan, Organizations: CNBC Locations: Ukraine
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's stock market bounce is 'short-term exuberance', says Longview Global's Dewardric McNealDewardric McNeal, Longview Global, joins 'Fast Money' to talk China markets, the sustainability of the rally, Chinese economic stimulus and more.
Persons: Dewardric McNeal Dewardric Locations: Longview, Dewardric McNeal Dewardric McNeal, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies need to de-risk from China investments, says Longview's Dewardic McNealDewardic McNeal, Longview Global senior policy analyst, joins 'Power Lunch' to discuss the fallout from Taiwan's election.
Persons: Longview's Dewardic McNeal Dewardic Organizations: Companies, Longview Global Locations: China, Longview's Dewardic McNeal Dewardic McNeal
Tight inventory, combined with pent-up demand, kept prices in an uptrend last year despite 23-year-high mortgage rates, according to Selma Hepp, CoreLogic's chief economist. AdvertisementCooling mortgage rates and newly built homes will help bring more houses on the market but won't create enough inventory to outpace demand, wrote Hepp. She isn't expecting much change to mortgage rates but said that they will likely be slightly higher from January to February, in line with historical trends that precede the busy spring sales season. If inflation remains tamed and trending downward, and the Federal Reserve begins cutting rates as a response, declining mortgage rates would follow, she added in an email to Business Insider. Metro area Forecasted YOY % change Redding CA Metropolitan Statistical Area 7.30% Santa Maria-Santa Barbara CA Metropolitan Statistical Area 6.81% Bremerton-Silverdale WA Metropolitan Statistical Area 6.51% Coeur d'Alene ID Metropolitan Statistical Area 6.49% Fairbanks AK Metropolitan Statistical Area 6.38% Santa Rosa CA Metropolitan Statistical Area 6.37% Corvallis OR Metropolitan Statistical Area 6.36% Merced CA Metropolitan Statistical Area 6.32% Bend-Redmond OR Metropolitan Statistical Area 6.29% Mount Vernon-Anacortes WA Metropolitan Statistical Area 6.20% Grand Junction CO Metropolitan Statistical Area 6.09% Longview WA Metropolitan Statistical Area 6.07% Pocatello ID Metropolitan Statistical Area 6.00% Casper WY Metropolitan Statistical Area 5.99% Walla Walla WA Metropolitan Statistical Area 5.88% Lewiston ID-WA Metropolitan Statistical Area 5.87% Santa Cruz-Watsonville CA Metropolitan Statistical Area 5.81% Prescott AZ Metropolitan Statistical Area 5.70% Lakeland-Winter Haven FL Metropolitan Statistical Area 5.67% Kahului-Wailuku-Lahaina HI Metropolitan Statistical Area 5.63%The list below is CoreLogic's forecast for the five metro areas that are at the highest risk of price declines.
Persons: , Selma Hepp, it's, Hepp, isn't Organizations: Service, Business, Federal Reserve, Redding, Santa Barbara, Metropolitan, Silverdale WA Metropolitan, Coeur, Fairbanks AK Metropolitan Statistical, Santa, Corvallis, Longview, Longview WA Metropolitan, Casper, Casper WY Metropolitan, Walla Walla WA Metropolitan, Lewiston, Prescott, Prescott AZ Metropolitan, Lakeland Locations: Metro, Maria, Santa, Bremerton, Silverdale WA, Coeur d'Alene, Santa Rosa, Merced CA, Redmond, Vernon, Anacortes WA, Longview WA, Pocatello, Casper WY, Walla Walla WA, Santa Cruz, Watsonville CA, Prescott AZ, Haven, Lahaina HI
Presently, this relationship faces more challenges than it has encountered in the past two decades. They must also rebuild the essential habits of cooperation to address the existential challenges that have arisen. However, this deep-rooted reliance underscores their vulnerability to disruptions and uncertainties in the ever-shifting landscape of U.S.-China relations. Such a shift toward stability isn't just beneficial for these corporations but stands to bolster the overall bilateral relationship between the two nations. The summit could be the final chance to stabilize the relationship, demonstrating to domestic audiences in both countries and global stakeholders that a workable, if not entirely ideal, management framework for China-U.S. relations is possible.
Persons: Joe Biden, Xi Jinping, John Kerry, Paul J, Richards, Xi, Biden, Antony Blinken's, Janet Yellen, Gina Raimondo, Chuck Schumer, Gavin Newsom's, Yellen, Dewardric McNeal Organizations: China, Department of State, AFP, Getty, Biden, Asia Pacific Economic Conference, U.S, APEC Summit, Apple, Nike, Caterpillar, Longview Global, CNBC Locations: Washington ,, United States, China, U.S, Taiwan, Bali ., California, Ukraine, Israel, Gaza, South China, San Francisco, China's, Francisco
The magistrate said Wilson would be fined 2,000 Hong Kong dollars ($255) for breaching the order if he doesn't comply. A statement posted earlier on the Longview lawmaker's website had said while the gun was not registered in Hong Kong it is registered in Washington. Those convicted of carrying a firearm without a license can be fined up to 100,000 Hong Kong dollars ($12,800) and sentenced to up to 14 years in prison. According to his website, Wilson was traveling with his wife for a five-week vacation in Southeast Asia. He discovered the weapon during the flight between San Francisco and Hong Kong, it said.
Persons: Jeff Wilson, Don So, Wilson Organizations: Press, Hong, Longview lawmaker's, Hong Kong Locations: Hong Kong, Washington, Longview, United States, Southeast Asia, San Francisco, Portland
HONG KONG, Oct 30 (Reuters) - A Hong Kong court acquitted U.S. State Senator Jeff Wilson of illegally possessing a firearm in the Chinese-ruled city as long as he doesn't commit any crime for the next two years. A Republican party member, he has served in the state senate since 2021 and is also a Port of Longview Commissioner. "This is not the first time he came to Hong Kong or China, he used to be a trade delegate to Hong Kong and China. He should have known that the scrutiny in Hong Kong and China is strict," So said. Carrying a firearm without a license in Hong Kong is illegal and offenders can face up to HK$100,000 ($12,800) and a maximum of 14 years in prison.
Persons: Jeff Wilson, Wilson, Don So, Dorothy Kam, Farah Master, James Pomfret Organizations: Hong, U.S, Washington State Senate, Republican, HK, Christian, Thomson Locations: HONG KONG, Hong Kong, Longview, China, Southeast Asia, Portland, U.S, San Francisco
Trouble is brewing for the U.S. consumer, according to one strategist, and a substantial labor market downturn could kickstart a recession. "I think the U.S. consumer is walking towards a cliff, basically," Chris Watling, chief executive of financial advisory firm Longview Economics, told CNBC's "Squawk Box Europe" on Tuesday. He said that a slew of recent economic indicators had showed consumers are quickly running out of excess cash, while household savings are coming under pressure. I mean, quite the reverse, I think there are some real challenges coming for the U.S. Gross domestic product is projected to post a 4.7% annualized gain for the third quarter, according to a Dow Jones consensus estimate.
Persons: Chris Watling, CNBC's, Watling, Dow Organizations: Longview Economics, Gross, Dow Jones, Commerce Department Locations: U.S, Longview
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The U.S. consumer is walking towards a cliff': Longview Economics CEOChris Watling, CEO at Longview Economics, discusses the outlook for the U.S. economy, saying there are "some real challenges coming for the U.S.
Persons: Chris Watling Organizations: Longview, Longview Economics Locations: U.S
HONG KONG (AP) — A Washington state senator was arrested in Hong Kong for carrying a gun that was not registered in the semi-autonomous Chinese city, his website and local media reported. Jeff Wilson, a Republican from Longview, was arrested after landing at the Hong Kong International Airport on Saturday. Under Hong Kong law, it is illegal to carry a firearm without a license. Offenders face a fine of up to 100,000 Hong Kong dollars ($12,800) and can be sentenced to up to 14 years if convicted. According to Wilson's website, he had discovered the weapon mid-flight between San Francisco and Hong Kong and reported it to customs authorities on landing.
Persons: Jeff Wilson, Wilson, Hong, , Hong Kong's Organizations: Republican, Hong Kong International Airport, RTHK, West, Hong, Hong Kong's Customs, Excise Department, Hong Kong Locations: HONG KONG, Washington, Hong Kong, Longview, Southeast Asia, West Kowloon, San Francisco
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's probe of Apple supplier Foxconn likely 'not a legal issue', says Longview Global's McNealDewardric McNeal, Longview Global, joins 'Fast Money' to talk rising tensions with China as China launches a probe into Apple supplier Foxconn.
Persons: Longview Global's McNeal Dewardric Organizations: Apple Locations: Longview Global's McNeal Dewardric McNeal, Longview, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's belt and road initiative not dead, about to undergo another evolution: Longview's McNealDewardric McNeal, Longview Global, joins 'Fast Money' to talk rising tension between the U.S. and China.
Persons: Longview's McNeal Dewardric Organizations: U.S Locations: Longview's McNeal Dewardric McNeal, Longview, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's clear the old China playbook is not going to be effective in this new era: Dewardric McNealDewardric McNeal, Longview Global managing director and senior policy analyst, joins 'Fast Money' to talk the latest news out of China.
Persons: Dewardric McNeal Dewardric Organizations: Longview Global Locations: China, Dewardric McNeal Dewardric McNeal
Just 1 in 5 savers have competitive interest rates of 3% or better on their cash, a Bankrate survey from earlier this year found. Here are several mistakes with cash that financial advisors say investors should try to avoid. For savers who are keeping large balances in accounts providing low interest rates, Harrington said he tries to explain to them that they are losing spending power over time. If you have a financial advisor, you should be talking to them about all of your cash savings, according to Lane at Flourish. While financial advisors tend to believe they manage all of their clients' money, no financial advisor truly does, Lane said.
Persons: Xavier Lorenzo, , Gary Zimmerman, Max Lane, Lane, Tim Harrington, Harrington, they'll, Cash Organizations: MaxMyInterest, Longview Financial Advisors Locations: Longview, San Rafael , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies are going to have to fight for the China market opportunity, says China expertDewardric McNeal, Longview Global managing director, joins 'Fast Money' to talk rising tensions between the U.S. and China.
Persons: Dewardric McNeal Organizations: Companies, Longview Global, U.S Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSecretary Raimondo's trip to China needs to rebuild habits of cooperation, says Longview GlobalDewardric McNeal, Managing Director & Senior Policy Analyst at Longview Global, discuss Secretary Gina Raimondo's trip to Beijing and what it means for U.S.-China relations.
Persons: McNeal, Gina Raimondo's Organizations: Longview Global, U.S Locations: China, Longview, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina has a confidence problem, says Longview Global's Dewardric McNealDewardric McNeal, Longview Global managing director, joins 'Power Lunch' to discuss China markets and more.
Persons: Dewardric McNeal Dewardric Organizations: China, Longview Global Locations: Longview, Dewardric McNeal Dewardric McNeal, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXi Jinping may have overestimated the resiliency of the Chinese economy: Longview's Dewardric McNealDewardric McNeal, Longview Global managing director, joins 'Squawk Box' to discuss the state of China's economy, after the People’s Bank of China announced a surprise interest rate cut following July economic data that came in largely below expectations, the impact on U.S.-China relations, and more.
Persons: Longview's Dewardric McNeal Dewardric Organizations: Longview Global, People’s Bank of China Locations: Longview's Dewardric McNeal Dewardric McNeal, China
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