Chinese tech stocks are under serious pressure as domestic and international regulators heighten scrutiny on Chinese firms and Covid cases prompt lockdowns in Chinese manufacturing facilities and port cities. Meanwhile, Russia denies that the Kremlin asked Beijing for military support and for aid in avoiding Western sanctions as it wages war in Ukraine, and Chinese officials deny that they signaled being open to Russia’s request. After a 7-hour, “intense” talk between U.S. and Chinese officials about the conflict, the world still has little clarity on China’s stance. Here at home, the White House is rolling out a new program to ease supply chain congestion; Transportation Secretary Pete Buttigieg explains the strategy and the impact of infrastructure investment on inflation. Plus, global investors are weighing the risk of Russia defaulting on its debt, and on Equal Pay Day, the gender pay gap is just as present as ever. 

 

In this episode:

Sec. Pete Buttigieg, @SecretaryPete

Eunice Yoon, @onlyyoontv

Leslie Picker, @LesliePicker

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Klaire Odumody, @klairemarie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.