President Donald Trump took aim at Chinese leader Xi Jinping as he hosted foreign leaders at a major military parade in Beijing, a reminder of the lingering tensions between the two sides over trade, tech and other issues. Trump questioned whether Xi would credit the US in a speech for the “massive amount of support” it provided to China during World War II, and Xi ultimately didn’t directly mention the US.
Elsewhere, Chancellor of the Exchequer Rachel Reeves will deliver the UK’s annual budget on Nov. 26, which is expected to be a huge test for her.
Economists estimate Reeves may need to raise taxes or cut spending by as much as £51 billion to fill a black hole in the public finances and restore her fiscal buffer.
Today’s guests: Virginie Maisonneuve, Allianz Global Investors Global CIO for Equities, Simon Macadam, Capital Economics Deputy Chief Global Economist, Tore Sandvik, Norwegian Defense Minister.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:01:39 – Xi Vows to Defy ‘Intimidation’ at Parade of Firepower and Clout
00:02:27 – Trump Accuses Xi of ‘Conspiring Against the US’ With Putin, Kim
00:05:38 – Global Bonds Slump on Budget Worries
00:07:38 – Xi, Putin, Kim Appear Together at China’s Military Parade
00:08:22 – Virginie Maisonneuve, Allianz Global Investors Global CIO for Equities
00:16:40 – Cook Blasts Trump’s ‘Cut-and-Paste’ Mortgage Fraud Claims
00:20:04 – Google Dodges Chrome Sale in Antitrust Case, Must Share Data
00:24:51 – French Prime Minister Francois Bayrou Ready to Examine All Solutions
00:29:42 – Simon Macadam, Capital Economics Deputy Chief Global Economist
00:33:41 – UK Chancellor Reeves to Disclose Budget no Nov 26
00:39:56 – Norway Picks UK to Supply Navy Frigates
00:43:59 – Tore Sandvik, Norwegian Defense Minister
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