Transcript of the podcast:
After you listen
From China's spy balloon and its increasing support for Russia to a new White House executive order on China competition and a possible visit to Taiwan by the new speaker of the House, there are plenty of reasons that U.S.-China tensions have been increasing in recent weeks. At the same time, China's economy is reopening after its long period of COVID-related isolation. Jeff Kleintop, Schwab's chief global investment strategist, joins host Mike Townsend to discuss what all of these developments mean for the markets and investors. They discuss how investors should think about geopolitical tensions and how to take advantage of opportunities overseas.
Mike also provides an update from Washington on the unexpected opening at the Fed Board of Governors, as Vice Chair Lael Brainard steps down to take a key White House position. And he shares the latest on the debt ceiling and a potential default timeline, as well as a decision by the SEC to speed up settlement times for stock trades.
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