Reuters

Trump Reverses, Agrees To Honor "One China" Policy In First Phone Call With Xi

In a major reversal to his stated foreign policy framework with China, in his first phone call held with China's president Xi Jinping held on Thursday night, President Donald Trump agreed to honor the "one China" policy, easing a key source of diplomatic tension between the world’s two largest economies.

"It's Quiet, Too Quiet"

The bulls and the bears have met at the crossroad. However, neither is ready to commit capital towards their inherent convictions. So, for 43-days, and counting, we remain range bound waiting for what is going to happen next... Every bull market in history has ultimately crumbled under the weight of fundamental realities. Despite the many hopes to the contrary, this time will be no different."

Chinese Banks Begin To Raise Mortgage Rates

In the latest tightening in China's financial conditions, the China Securities Journal reports that some bank branches in Beijing, Guangzhou and Chongqing have raised mortgage rates for first-home buyers recently.

Frontrunning: February 9

  • Airlines, Airports to Meet President Amid Travel-Ban Uncertainty (WSJ)
  • Legal battle pits Trump's powers against his words (Reuters)
  • Trump’s Oval Office Tweets Force CEOs to Choose Fight or Flight (BBG)
  • Companies Plow Ahead With Moves to Mexico, Despite Trump’s Pressure (WSJ)
  • Trump’s Labor Pick Loves Burgers, Bikinis, and Free Markets (BBG)