U.S. Stocks Tumble as Trump Threatens Higher Tariffs on China

单集文稿 ...

• 00:03

  U.S. stocks sink after President Trump renews his tariff threats against China.

• 00:08

  Plus, MIT has become the first university to reject a proposal from the Trump administration.

• 00:14

  What happens next?

• 00:15

  The fact that MIT is first out of the gate and rejected it I think is probably a political problem for the Trump White House and what they do about it is anybody's guess,

• 00:23

  but they tend to counterpunch hard.

• 00:24

  And Israeli troops retreat as the ceasefire takes hold in Gaza.

• 00:29

  It's Friday, October 10th.

• 00:31

  I'm Alex Oselev for The Wall Street Journal.

• 00:33

  This is the PM edition of What's News,

• 00:36

  the top headlines and business stories that move the world today.

• 00:46

  Trade tensions between the US and China are heating up.

• 00:50

  Over the past two days,

• 00:51

  Beijing has unleashed a barrage of actions that threaten to derail a fragile status quo with Washington.

• 00:58

  Yesterday, China announced new restrictions on rare earth materials.

• 01:02

  China dominates processing capabilities for rare earths,

• 01:04

  giving it leverage over the US and other nations.

• 01:07

  And then today,

• 01:08

  China's top market regulator said that it had launched an investigation into Qualcomm,

• 01:13

  one of the US's most important semiconductor companies,

• 01:16

  for suspected violation of the country's anti-monopoly law.

• 全部文稿