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Two-way trade between China – U.S. at record levels



Despite diplomatic spats between the U.S. and China, trade between the two is now actually better than ever.

According to official data out of the U.S. – two way trade between these global superpowers set a new record last year, totalling USD$690 billion.

Of that, $536.8 billion came from U.S. imports from China – highlighting how much U.S. shoppers are spending on Chinese goods.

The rest of the total – approximately $150 billion – is made up of U.S. exports out to China, with a large share of that related to agricultural goods.

This record trade data is especially surprising considering that Washington and Beijing are still locked in a trade war which has been ongoing since 2018.

The jump in trade figures can partly be attributed to surging global inflation – but this new information also highlights how important the trading relationship is between the U.S. and China.

These surprising trade figures come amidst a backdrop of renewed tensions between Washington and Beijing.

U.S. intelligence officials have revealed the balloon which was shot down last weekend was being used by the Chinese military as a spying device.

The balloon is being examined after debris from it was collected from the sea.
China still maintains that it was a civilian airship used to monitor the weather.

As the U.S. and China struggle to find a way to get their relationship back on track, the jump in trade between the two of them is a strong reminder of how important that relationship is.

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The possibility of a U.S. recession



There’s been a lot going on in markets…

It’s been a turbulent time in financial markets, to say the least.

From seeing a banking crisis sweep around the world, to a new global reserve currency start to emerge – there hasn’t been a quiet day on the market.

And there’s also a little bit of Marty McFly meets Bog Iger from Disney, as UBS appoint a former Credit Suisse CEO to help with the merger of the two banks.

AND, the possibility of a U.S. recession…

Chris Uhl from joins us to discuss.

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Disney trumps DeSantis with legal loophole



Disney has outplayed Ron DeSantis by leaning on a decades-old royal clause

In February, Florida Governor Ron DeSantis moved to take over Disney World’s governing body.

It was all in retaliation to the company’s public stance against the state’s “Don’t Say Gay” bill.

But now, new reports suggest this whole plan may have backfired.

Members of the new governor-appointed board argue the previous members stripped the board of its power before they left.

It was all part of an agreement, which was approved a day before DeSantis assumed more control of the land around Disney’s theme park.

Disney is leaning on a property law which essentially makes the company the government of the area.

New board member Ron Peri says the board has lost the majority of its ability to do anything beyond maintain the roads and basic infrastructure.

For just under six decades, Disney has operated its expansive theme park and resort in Florida under a specially designated district.

A board oversaw the area and had free reign of development processes.

Disney also had the authority to appoint district board members.

But this special status came under threat when Disney clashed with DeSantis and his “Don’t Say Gay” law.

Florida lawmakers the passed a bill in February to end Disney’s self-governing status and give the governor the authority to appoint new board members to the district.

DeSantis appointed five supervisors, including a parents’ rights activist and three Republican donors.

But the new supervisors say previous board members entered an agreement before they left their positions – effectively stripping them of any powers. #trending #featured

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The Power of Play



Let’s take a look at the history of video games and the exciting future of the gaming industry.

From classic arcade games to the latest consoles and online multiplayer experiences, gamers have been lining up for decades to get their hands on the hottest games.

But what goes on behind the scenes to create these immersive worlds? The Power of Play takes you behind the curtain to explore the hard work and dedication of game developers as they bring these virtual experiences to life.

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