Mark interviews Christian from Singapore, where a common question was whether the USA will defend Taiwan. They discussed who is winning and losing in the region, where the price of oil and gold are headed, and the looming disasters of the Olympics and NBC's coverage.

The Wall Street Journal pretends it hasn't gone woke, but doesn't fool readers. Goldman sparks a selloff in equities and it may be only the beginning. Why did Donald Trump agree to a predictably disastrous interview with leftwing NPR? Russia funds are off on the crisis with Ukraine, but may be poised to bounce back.

NYT buys The Athletic for $550 million, but sports fans might not go for woke sports commentary from an even more woke media property. Is NYT still a buy? Mark and Christian have fun redefining ESG investing. ARKK takes a dive but Rio Tinto looks better and better. Is Tesla in China’s Xinjiang region or CBC in Canada closer to communism?

Intel committed an act of decency regarding slave labor in China, but promptly retracted its statement and apologized to Beijing. Are U.S. companies overestimating China’s economic potential? Spiderman rakes in over $1 billion without the Chinese market, and Indonesian coal miner Adaro goes “green” by building a huge aluminum smelter. WaPo boss Bezos gets filmed canoodling. Is the Russian economy a “buy”?

Senator Manchin’s demur means Dems have only 49 votes at most for a big tax-and-spend package. Omicron rules may drive business and land value to red states. Rio Tinto hires a Canadian Sinophile CEO, but will unwoke mining shareholders tolerate his decisions? NYU impoverishes its grad students and Stephen Spielberg flops with woke West Side Story remake.

Chris Wallace is a lefty establishmentarian, but he doesn’t do woke, and his arrival at CNN has terrified the rank and file. The boss of Discovery, co-owner of CNN with AT&T, may be making his move to shift the network toward the center and hard news. Buzzfeed’s IPO flops hard and its business model depends on rich kids. Inflation drives crypto but probably shouldn’t. Peloton dives again.

CNN’s woes compound for overlords AT&T and Discovery. Trump Media fatally focuses on creating a space instead of content. NBC toadies Beijing—an opportunity for competitors? China forces its companies to delist in New York and switch back to the motherland; now what happens with private equity? 

Mark and Christian wonder why Jamie Dimon didn't quit, discuss oil ETFs and what OPEC+ might do, ask why the New York Times doesn't get Chinese coercion of ethnic Chinese, think about profiting from the omicron freakout, and ponder whether people should listen to Jonah Goldberg and Steve Hayes, formerly of Fox News. Equities discussed: JPM, USO, USL, SKYW, 2603-TW, 2618-TW, NYT.

Mark and Christian discuss what the market might do if it prices in passage of the Democrats spending blowout. CNN insiders are worried about earnings and George Soros is long on Wall Street and financial information. Equities discussed: Exxon, Chevron, MGM Properties, JPMorgan Chase, Goldman Sachs, IHS Markit, DR Horton, Alibaba, Shell, and Dollar Tree.

Mark and Christian discuss the hyped upcoming "summit" between the boss of China and Joe Biden, Alaska Airlines lectures it customers, Peloton crashes but is still PC, and why Taiwan loses out to everyone on U.S. tariff relief.