SQUAWK BOX, WEDNESDAY 27TH MARCH, 2024
from Squawk Box Europe Express
Chinese President Xi Jinping meets with Western executives in Beijing as his country increases efforts to attract FDI at the Bo’ao Forum on Hainan island. However, China also takes up a dispute with the U.S. at the WTO, claiming its EV sector is discriminated against, despite BYD having overtaken Tesla in sales. The yen falls to a 34-year low against the greenback, prompting Japan’s finance minister to warn the government could take ‘decisive steps’ once more to stem the currency’s slide. In Baltimore, MD, the search and rescue efforts to find further victims of yesterday’s catastrophic collapse of the city’s Francis Ford Key bridge now go into recovery mode. President Biden has promised “to move heaven and Earth” to rebuild and reopen the bridge and Baltimore’s port. Shares of Trump Media surge up to 50 per cent after going public in New York which could provide the embattled former President with a vast war chest as election season heats up.
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