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Negotiations between Washington and Beijing seemed to be in a precarious place on Tuesday, after the FT reported that the Trump administration had canceled meetings with Chinese vice ministers.
The officials had offered to come to Washington to prepare for meetings scheduled later this month between China’s trade czar, Liu He, and the U.S. trade representative, Robert Lighthizer, the FT said.
Larry Kudlow, the head of the National Economic Council, denied the report to CNBC. He added that negotiations would only be successful if the Chinese honored their commitments:
“Promises are great but enforcement is what we want — things like deadlines and timetables and full coverage of the various structural issues. Will this all be solved at the end of the month? I don’t know. I wouldn’t dare to predict.”
China may agree to buy up to seven million tons of American wheat. But Chinese officials are reportedly chafing at U.S. requests for regular reviews of changes to their trade policies. And two influential American business groups still see reason to be unhappy, saying China is engaged in “a deep, concerted and continuing effort” to establish dominance in technologies such as robotics and electric vehicles.
Beijing is also trying to play down Belt and Road, its vast infrastructure initiative spanning Asia, Europe and Africa: Senior government officials have avoided the topic at the World Economic Forum in Davos, Switzerland, the NYT reports.
The effects of trade tensions continue to spread. The stock market started the year strong but sputtered on Tuesday. Japan’s exports last month sank the most in more than two years. Chinese finance officials promised more stimulus. Experts are predicting that “the good times are over” for American companies reliant on Chinese consumers.
But not everyone is complaining: Lobbyists have enjoyed a surge of business from companies and trade groups hoping to influence the Trump administration’s tariff decisions. Indonesia’s doing all right, too: Its industry minister says it’s exporting more steel to the U.S. and also attracting Chinese textile and footwear companies.
Other Chinese news: The founder of a Nanjing-based meat supplier, one of several Chinese executives at Hong Kong-listed companies who have mysteriously disappeared in recent years, returned to his family. Several Chinese companies are circling Japan’s largest operator of oyster restaurants.
Today’s DealBook Briefing was written by Andrew Ross Sorkin in Davos, Switzerland; Stephen Grocer in New York; and Tiffany Hsu and Gregory Schmidt in Paris.
The Senate descended from the spectator stands to plan two competing votes to fund the government on Thursday. One involves President Trump’s latest proposal: .7 billion for a border wall, now accompanied by temporary protections for certain immigrants. The other, from the Democrats, would open the government until Feb. 8.
But neither is expected to draw the 60 votes needed to advance. This means that the Trump administration is likely to continue as a one-ring circus, focused on the wall to the exclusion of other presidential duties.
Here are ways the shutdown is still straining the system:
• Reserve security workers are being flown into airports, because as many as one in 10 transportation security officers are failing to show up for work.
• Delays in reports about home sales, construction, trade and manufacturing threaten to create a data vacuum, just as the economy may be slowing down.
• SNAP food stamps help feed some 40 million Americans. The Agriculture Department is still considering how to keep the program running after February.
• The U.S. court system will need to close after Feb. 1 if the stalemate continues.
And a sidelight on the wall proposal: Details disclosed at the trial of the drug lord known as El Chapo suggests it wouldn’t have inconvenienced him very much.
Analysts and bankers at the World Economic Forum in Davos, Switzerland, offered a glass-half-full attitude toward the global economy, saying it was weakening but not entering a recession. “We’re slowing, but we’re still growing,” said Philipp Hildebrand, vice chairman of the investment manager BlackRock.
But behind the brave face, concerns of political paralysis, frayed trading partnerships and working-class resentment created a nervous atmosphere.
Another theme was the growing discomfort with corporate influence over society. Nowhere was this tension greater than in the conversation around Big Tech. Optimism in official sessions appeared to be out of touch with the public’s concern about the technology’s disruptive effects on privacy and politics.
Tim Cook, Apple’s chief executive, made a surprise appearance and was seen with Prime Minister Nikol Pashinyan of Armenia. But talk was dominated by who wasn’t there, most notably President Trump.
Instead, President Jair Bolsonaro of Brazil has been present to take up the populist mantle, the NYT’s Mark Landler writes, promising to root out corruption, roll back regulations and make his country a good place to do business:
Mr. Bolsonaro’s keynote address set the tone for a Davos gathering shorn of its usual retinue of American and European leaders, wrestling with political forces, from Latin America to Europe, that are starkly at odds with this conference’s ethos of global cooperation and a liberal world order.
Dyson, the British appliances company founded by a vocal supporter of Brexit, swears that its decision to move to Singapore is not a reaction to Britain’s planned departure from the E.U.
But with one proposed exit plan summarily rejected and the prospect of a delayed divorce, the temptation to jump ship to calmer, more business-friendly waters is growing.
Jeremy Corbyn, the leader of the opposition Labour Party, has asked for a parliamentary vote on whether to hold a second referendum on Brexit.
Brexit could hit European consumers hard, Kasper Rorsted, the chief executive of the German sportswear maker Adidas, told CNBC. And the E.U. says trade rules would require a “hard border” between Ireland and British-controlled Northern Ireland if Britain leaves without a deal.
Germany and France are still keen to show their commitment to a united Europe: Chancellor Angela Merkel and President Emmanuel Macron met on Tuesday to renew a 1963 treaty on the subject.
Desktop Metal announced today that it had closed a 0 million funding round to expand the production of its office-friendly metal 3D-printing technology.
The funding round was led by Koch Disruptive Technologies, the investing and innovation arm of Koch Industries, and brings Desktop Metal’s total investment to 8 million. In a news release, the company declared this to be the moment when 3D printing begins to disrupt traditional metal manufacturing.
“We are at a critical juncture in the advancement of metal 3D printing and additive manufacturing,” said Ric Fulop, a co-founder and the chief executive of Desktop Metal, which is based in Burlington, Mass.
The production system is the fastest metal printing press for mass production, the company said, and will begin shipping commercially in the first quarter of 2019.
Justin Gmelich, chief operating officer of Goldman Sachs and one of the most senior executives in the bank’s fixed income business, is retiring. (FT)
Bunge, the world’s largest oilseed processor, appointed Gregory Heckman acting chief executive, replacing Soren Schroder, who agreed to leave in December. (FT)
• Two activist hedge funds are calling on eBay to consider spinning off or selling StubHub and a classified-ad businesses. (WSJ)
• Arconic said it would not sell itself to the private equity firm Apollo Global Management. (WSJ)
• In its most significant move into streaming, the cable giant Viacom is paying 0 million for PlutoTV, an advertising-based service. (NYT)
• Shares of PG&E surged after it said it had secured .5 billion in financing as it prepares to file for Chapter 11 bankruptcy protection. (Reuters)
• BAE Systems won a 4 million U.S. defense contract, the Pentagon said. (Reuters)
• The former Soviet republic of Georgia has been offering tax breaks, land deals and cheap energy to lure cryptocurrency businesses. (NYT)
• Tencent, the Chinese tech company, lost a third of its value last year. (FT)
• IBM said its revenue fell 3.5 percent in the fourth quarter, better than analysts expected but still a sign of challenges ahead. (WSJ)
• Japan Display, a supplier for Apple’s iPhone XR, is seeking a bailout from an investor group from China and Taiwan. (WSJ)
• Silicon Valley start-ups and their investors fear the days of unchecked growth may be over. (WSJ)
• Google and Facebook spent record amounts on lobbying governments last year. (Reuters)
Politics and policy
• President Trump has turned out to be the one thing that Mitch McConnell, the Senate Republican leader, can’t control. (NYT)
• Mike Pompeo, the secretary of state, said he expected further progress in North Korea denuclearization talks, but acknowledged “an awful lot of work to do.” (Reuters)
• The Supreme Court permitted the Trump administration to bar most transgender people from serving in the military while courts review the policy. (NYT)
Best of the rest
• 23andMe, the DNA testing company, said it had received regulatory approval to offer a test for a hereditary colorectal cancer syndrome. (Bloomberg)
• How companies game their ratings on Glassdoor, a site that lets people review their employers. (WSJ)
• Carl Rogberg, a former senior director of the supermarket chain Tesco, was acquitted today of fraud and false accounting charges. (Reuters)
• Walgreens will pay 9.2 million to settle accusations that it improperly billed Medicare, Medicaid and other federal programs for more than a decade. (Reuters)
• McKinsey has been repeatedly accused of misconduct in bankruptcy cases, most recently in a case that could cost it tens of millions of dollars in returned fees. (NYT)
• Home sales fell last month to their lowest level since 2015, pressured by stock market volatility, the government shutdown and higher interest rates. (WSJ)
• BlackRock is planning a money-market fund that will invest primarily in debt from environmentally conscious issuers. (Reuters)
• A spate of quarterly earnings this week from industrial and technology companies could disrupt the relative calm in the stock market. (WSJ)
• Construction is set to start on a 0 billion futuristic city in Saudi Arabia’s Neom Bay, financed by the government, its sovereign wealth fund and local and international investors. (Bloomberg)
• Production at Subaru’s only car factory in Japan could be shut down for nearly two weeks to fix a suspected defect in a single part. (Reuters)
• Eric Salama, the chief executive of the marketing firm Kantar, is recovering after being stabbed in an attempted carjacking in London. (Bloomberg)
• The cost of insulin for treating type 1 diabetes nearly doubled over five years in the U.S. (Reuters)
• The Labor Department accused Oracle of wage discrimination by funneling women and minorities into lower-paying roles and setting their initial pay based on prior salary. (CNBC)
• The Federal Reserve is beginning to examine how Deutsche Bank handled billions of dollars in suspect transactions from Denmark’s leading lender. (Bloomberg)
• To survive a pilot shortage, airlines are doubling starting salaries and recruiting from military helicopter crews. (Reuters)
• The pharmaceutical industry’s main trade group spent a record .5 million on lobbying last year. (Bloomberg)
Thanks for reading! We’ll see you on Thursday.
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跑狗图2o18年第96期“【我】【在】【没】【有】【来】【到】【这】【里】【之】【前】【见】【到】【了】【他】。【你】【们】【很】【幸】【运】。” 【小】【艾】【听】【了】【脑】【海】【中】【浮】【现】【出】【了】【一】【个】【人】【影】，【那】【人】【懒】【散】【的】【斜】【靠】【在】【一】【个】【大】【树】【的】【枝】【干】【上】，【他】【的】【手】【中】【拿】【着】【一】【只】【茶】【壶】。【大】【树】【枝】【繁】【茂】【盛】，【男】【子】【躺】【的】【舒】【服】、【清】【凉】。 【小】【艾】【以】【为】【他】【们】【再】【也】【不】【会】【有】【所】【交】【际】【的】【时】【候】【突】【然】【发】【现】【他】【们】【就】【像】【是】【从】【未】【离】【开】【一】【般】。【她】【失】【神】【的】【走】，【目】【光】【透】【过】【时】【空】【仿】【佛】【看】【到】
【沈】【清】【拿】【出】【了】【他】【们】【准】【备】【的】【干】【粮】，【说】【道】：“【等】【我】【吃】【饱】【了】【我】【就】【去】【休】【息】！” “【好】，【我】【守】【着】【你】！”【韩】【云】【景】【嘴】【角】【噙】【着】【一】【抹】【宠】【溺】【的】【笑】【容】【说】【道】。 【沈】【清】【吃】【了】【一】【点】【干】【粮】【以】【后】【就】【躺】【下】【睡】【觉】【了】，【韩】【云】【景】【坐】【在】【床】【边】【目】【光】【温】【柔】【的】【看】【着】【沈】【清】：“【安】【心】【的】【睡】【吧】，【有】【我】【在】，【不】【用】【担】【心】！” 【沈】【清】【勾】【了】【勾】【唇】，【缓】【缓】【的】【闭】【上】【的】【眼】【睛】，【一】【个】【晚】【上】【的】【时】【间】【她】【确】
【完】【本】【感】【言】 【千】【言】【万】【语】【汇】【成】【两】【个】【字】，“【谢】【谢】”【谢】【谢】【大】【家】【的】【支】【持】，【没】【有】【大】【家】【洋】【葱】【也】【不】【能】【坚】【持】【那】【么】【长】【时】【间】，【洋】【葱】【承】【认】【九】【月】【奋】【斗】【一】【个】【月】【最】【后】【因】【为】【被】【封】【一】【章】，【没】【得】【到】【任】【何】【应】【该】【得】【到】【的】【报】【酬】【心】【态】【有】【些】【夸】【掉】【了】，【影】【响】【了】【后】【续】【写】【作】，【在】【这】【里】【对】【大】【家】【说】【声】【对】【不】【起】，【一】【开】【始】【写】【漫】【威】【只】【是】【爱】【好】，【但】【当】【真】【把】【爱】【好】【变】【成】【事】【业】【后】，【一】【切】【都】【变】【了】，【写】【暴】【熊】跑狗图2o18年第96期【第】【二】【百】【一】【十】【章】【激】【战】 “【你】【死】【了】，【就】【没】【人】【知】【道】【了】。”【秦】【歌】【冷】【漠】【的】【说】【道】，【看】【向】【漠】【傀】【王】【者】【的】【眼】【神】【如】【同】【在】【看】【死】【人】【一】【般】。 “【嗤】。”【漠】【傀】【王】【者】【不】【屑】【的】【笑】【了】【笑】。“【连】【火】【鬼】【王】【也】【不】【敢】【言】【能】【够】【杀】【死】【本】【王】，【就】【凭】【你】？” 【火】【鬼】【王】，【鬼】【族】【第】【一】【王】【者】，【圣】【武】【大】【陆】【为】【数】【不】【多】【的】【盖】【世】【王】【者】，【在】【至】【尊】【不】【出】【的】【时】【代】，**【了】【鬼】【族】【当】【代】。 【多】【说】【无】【益】
【张】【孝】【嵩】【在】【何】【明】【远】【的】【带】【领】【下】，【进】【入】【了】【东】【曹】，【他】【身】【边】【只】【带】【了】【十】【几】【个】【卫】【士】，【鉴】【于】【上】【一】【次】【阿】【史】【那】【献】【被】【杀】【的】【教】【训】，【他】【把】【将】【军】【们】【留】【在】【了】【外】【面】，【一】【旦】【有】【难】，【何】【明】【远】【摄】【于】【城】【外】【的】【大】【军】，【也】【不】【敢】【轻】【举】【妄】【动】。 【进】【城】【之】【后】，【康】【茂】【真】【一】【直】【把】【手】【放】【在】【了】【刀】【把】【上】，【时】【刻】【警】【惕】【着】【身】【边】【的】【一】【切】。 【而】【何】【明】【远】，【却】【还】【是】【一】【副】【人】【畜】【无】【害】【的】【样】【子】，【和】【抵】【达】【安】【西】
【现】【在】【又】【多】【了】【一】【只】【该】【死】【的】【小】【畜】【生】。 【阮】【钰】【敏】【觉】【得】【自】【己】【现】【在】【能】【把】【自】【己】【气】【死】，【要】【不】【是】【因】【为】【肚】【子】【里】【还】【有】【一】【个】【决】【定】【了】【她】【以】【后】【荣】【华】【富】【贵】【的】【孩】【子】，【她】【才】【不】【会】【就】【这】【么】【算】【了】。 【她】【已】【经】【偷】【偷】【的】【去】【查】【过】【了】，【肚】【子】【里】【是】【个】【男】【孩】。 【只】【要】【她】【把】【孩】【子】【生】【下】【来】，【地】【位】【肯】【定】【就】【不】【一】【样】【了】，【到】【时】【候】【这】【个】**【安】……【走】【着】【瞧】！ 【阮】【钰】【敏】【看】【着】**【安】【几】【个】
【漆】【黑】【的】【虚】【空】【中】，【圆】【形】【的】【战】【舰】【内】，【金】【属】【巨】【人】【沉】【默】【的】【望】【着】【肖】【云】【带】【着】【小】【丫】【头】【离】【开】？【有】【些】【遗】【憾】【的】【摇】【头】。 【在】【他】【看】【来】【肖】【云】【虽】【然】【实】【力】【没】【有】【那】【些】【真】【仙】【境】【界】【的】【混】【沌】【魔】【兽】【强】【大】，【可】【是】【那】【些】【混】【沌】【魔】【兽】【是】【一】【群】【没】【有】【智】【慧】【的】【野】【兽】【而】【已】！ 【只】【要】【计】【划】【得】【当】，【还】【是】【很】【有】【机】【会】【能】【够】【从】【那】【群】【混】【沌】【魔】【兽】【手】【里】【得】【到】【混】【元】【紫】【金】【莲】【的】，【可】【是】【这】【个】【家】【伙】【竟】【然】【那】【么】【的】【不】