RUSH TRANSCRIPT Originals marathon ░░░░░░░░ nyc reveals over 40 ░░░░░░░░ million tons of trash ░░░░░░░░ years created by the ░░░░░░░░ s residents and businesses ░░░░░░░░ light bulb moment this ░░░░░░░░ color with conquer the ░░░░░░░░ and enable stunning advances ░░░░░░░░ medicine and who knew ░░░░░░░░ a green is an ░░░░░░░░ crisis story with a ░░░░░░░░ ending mostly what kind ░░░░░░░░ tune in every Saturday ░░░░░░░░ Sunday at 07 00am ░░░░░░░░ time signing up for ░░░░░░░░ She was the professor ░░░░░░░░ that make the grade ░░░░░░░░ t get stuck with ░░░░░░░░ when you can have ░░░░░░░░ with my professors dot ░░░░░░░░ is just like having ░░░░░░░░ who take in every ░░░░░░░░ get the grades with ░░░░░░░░ professors who make the ░░░░░░░░ Get in on all ░░░░░░░░ market action on opening ░░░░░░░░ closing bells weekdays 09 ░░░░░░░░ to 11 00am and ░░░░░░░░ 00pm to 05 00pm ░░░░░░░░ back to cheddar is ░░░░░░░░ bell staying with world ░░░░░░░░ the U S And ░░░░░░░░ have reached a landmark ░░░░░░░░ deal that will help ░░░░░░░░ the dispute that threatened ░░░░░░░░ boot Chinese companies Us ░░░░░░░░ Exchange is the deal ░░░░░░░░ a partial truce between ░░░░░░░░ U S And China ░░░░░░░░ tensions over time won ░░░░░░░░ will provide and some ░░░░░░░░ really Chinese companies here ░░░░░░░░ discuss the impact of ░░░░░░░░ deal let s bring ░░░░░░░░ re call ins co ░░░░░░░░ of block b we ░░░░░░░░ it s been a ░░░░░░░░ time just want to ░░░░░░░░ your thoughts in terms ░░░░░░░░ of a big deal ░░░░░░░░ how it allows us ░░░░░░░░ to vet accounting firms ░░░░░░░░ China and Hong Kong ░░░░░░░░ do you think in ░░░░░░░░ of differing expectations of ░░░░░░░░ these audits Well it ░░░░░░░░ a big step in ░░░░░░░░ right direction because we ░░░░░░░░ t had much insight ░░░░░░░░ these companies that they ░░░░░░░░ been listed on exchanges ░░░░░░░░ the past 30 years ░░░░░░░░ first Chinese company got ░░░░░░░░ in 1994 And so ░░░░░░░░ this is going to ░░░░░░░░ us to get more ░░░░░░░░ into the reality of ░░░░░░░░ their financials really are ░░░░░░░░ overall it s a ░░░░░░░░ deal it doesn t ░░░░░░░░ that it s quite ░░░░░░░░ yet because we had ░░░░░░░░ few years before these ░░░░░░░░ will really take place ░░░░░░░░ to see if they ░░░░░░░░ going to live up ░░░░░░░░ the standards of the ░░░░░░░░ that were used to ░░░░░░░░ to your point it ░░░░░░░░ been decades of these ░░░░░░░░ have been listed on ░░░░░░░░ exchange and they re ░░░░░░░░ he s been a ░░░░░░░░ of a was a ░░░░░░░░ but but it s ░░░░░░░░ passing to me how ░░░░░░░░ have been able to ░░░░░░░░ these companies not having ░░░░░░░░ same accounting principles are ░░░░░░░░ into what us companies ░░░░░░░░ but to that point ░░░░░░░░ that we re getting ░░░░░░░░ a potential point where ░░░░░░░░ you know level the ░░░░░░░░ field here Do you ░░░░░░░░ there and he kind ░░░░░░░░ immediate potential winners and ░░░░░░░░ that come to mind ░░░░░░░░ on the announcement alibaba ░░░░░░░░ took a jump from ░░░░░░░░ was about around 96 ░░░░░░░░ almost a 105 So ░░░░░░░░ Chinese tech companies are ░░░░░░░░ feeling the there appreciated ░░░░░░░░ fact that there s ░░░░░░░░ a possibility they won ░░░░░░░░ be delisted because Goldman ░░░░░░░░ took it from the ░░░░░░░░ possibility These Chinese companies ░░░░░░░░ delisted down to 50 ░░░░░░░░ s not lower than ░░░░░░░░ due to the risk ░░░░░░░░ have these audits are ░░░░░░░░ to take place however ░░░░░░░░ on that news there ░░░░░░░░ a big job mainly ░░░░░░░░ all about as well ░░░░░░░░ these other tech companies ░░░░░░░░ China Speaking of that ░░░░░░░░ know sec chair Gary ░░░░░░░░ said something like 200 ░░░░░░░░ companies could potentially be ░░░░░░░░ from the U S ░░░░░░░░ if this deal actually ░░░░░░░░ t go through the ░░░░░░░░ around that has since ░░░░░░░░ of seemingly changed The ░░░░░░░░ has previously identified names ░░░░░░░░ alibaba which we re ░░░░░░░░ about a moment ago ░░░░░░░░ dec even among those ░░░░░░░░ were there at risk ░░░░░░░░ investors respond coming to ░░░░░░░░ south to be all ░░░░░░░░ a psychic uri talked ░░░░░░░░ that one Yeah overall ░░░░░░░░ s a positive and ░░░░░░░░ and that the stocks ░░░░░░░░ rallied in that but ░░░░░░░░ just announced that alibaba ░░░░░░░░ a few others are ░░░░░░░░ to start going through ░░░░░░░░ The first audit process ░░░░░░░░ in the next few ░░░░░░░░ and so that s ░░░░░░░░ going to be telling ░░░░░░░░ see how that happens ░░░░░░░░ you know it s ░░░░░░░░ enough sometimes for us ░░░░░░░░ to go through these ░░░░░░░░ and press to really ░░░░░░░░ to information there still ░░░░░░░░ lot of fraud that ░░░░░░░░ on So now in ░░░░░░░░ will see how deeply ░░░░░░░░ can go and how ░░░░░░░░ we can trust these ░░░░░░░░ But overall investors should ░░░░░░░░ bullish because it s ░░░░░░░░ to keep them on ░░░░░░░░ Stock Exchange because we ░░░░░░░░ t want to go ░░░░░░░░ from globalization there s ░░░░░░░░ many world events moving ░░░░░░░░ away from globalization and ░░░░░░░░ need to do it ░░░░░░░░ can to make sure ░░░░░░░░ these countries are still ░░░░░░░░ in the relations are ░░░░░░░░ good Gensler also said ░░░░░░░░ this agreement will only ░░░░░░░░ meaningful If the public ░░░░░░░░ accounting oversight board actually ░░░░░░░░ inspect investigate completely In ░░░░░░░░ we ought these firms ░░░░░░░░ China Actually look like ░░░░░░░░ was a likelihood that ░░░░░░░░ s going to happen ░░░░░░░░ these companies again given ░░░░░░░░ the China historically has ░░░░░░░░ been in favor be ░░░░░░░░ being able to look ░░░░░░░░ the hood so to ░░░░░░░░ Yes that s truly ░░░░░░░░ scary part 14 meaningful ░░░░░░░░ have to be able ░░░░░░░░ figure out how you ░░░░░░░░ have a level of ░░░░░░░░ that the figures in ░░░░░░░░ financials that we re ░░░░░░░░ and that they re ░░░░░░░░ to us really are ░░░░░░░░ They aren t hiding ░░░░░░░░ as I mentioned it ░░░░░░░░ very dif the cult ░░░░░░░░ with us companies it ░░░░░░░░ going to be even ░░░░░░░░ difficult in the in ░░░░░░░░ to do that But ░░░░░░░░ they ll come up ░░░░░░░░ some novel ways to ░░░░░░░░ understand that the figures ░░░░░░░░ solid In terms of ░░░░░░░░ potential impact here what ░░░░░░░░ you think is the ░░░░░░░░ impact of this this ░░░░░░░░ The global economy and ░░░░░░░░ us capital markets It ░░░░░░░░ great it s a ░░░░░░░░ step in the right ░░░░░░░░ for U S Chinese ░░░░░░░░ because if we re ░░░░░░░░ to delist them that ░░░░░░░░ really stand a bad ░░░░░░░░ There s already a ░░░░░░░░ companies from China to ░░░░░░░░ delist a due to ░░░░░░░░ tensions between our 2 ░░░░░░░░ but ideally we can ░░░░░░░░ to terms create solid ░░░░░░░░ process is that everyone ░░░░░░░░ agree on and more ░░░░░░░░ more kind and companies ░░░░░░░░ be listed and we ░░░░░░░░ and cannot access to ░░░░░░░░ markets and we can ░░░░░░░░ in their economy So ░░░░░░░░ globally is this is ░░░░░░░░ huge step in the ░░░░░░░░ direction And side in ░░░░░░░░ of a timeline that ░░░░░░░░ can this case back ░░░░░░░░ you know what time ░░░░░░░░ can expect for these ░░░░░░░░ actually get to a ░░░░░░░░ where the meaningful and ░░░░░░░░ see that there s ░░░░░░░░ here Yet these you ░░░░░░░░ about alibaba as the ░░░░░░░░ they ve been selected ░░░░░░░░ design and I believe ░░░░░░░░ s going to take ░░░░░░░░ over the next few ░░░░░░░░ they re going to ░░░░░░░░ selecting agencies and really ░░░░░░░░ into those numbers and ░░░░░░░░ will set the precedent ░░░░░░░░ the companies afterwards Well ░░░░░░░░ look forward to kind ░░░░░░░░ the inside and be ░░░░░░░░ look under the hood ░░░░░░░░ reeves appreciate your time ░░░░░░░░ all of your insight ░░░░░░░░ collins co founder of ░░░░░░░░ v All right coming ░░░░░░░░ California state legislature passed ░░░░░░░░ landmark bill for new ░░░░░░░░ protections for fast food ░░░░░░░░ Next we ll take ░░░░░░░░ look at what changes ░░░░░░░░ we expect and how ░░░░░░░░ restaurant and that s ░░░░░░░░ sector could be