Hey everyone me kevin here, happy thanksgiving. I was absolutely not expecting to have to make this video but uh. China is kicking over things again they're, causing problems again on thanksgiving evening. Leave it to thanksgiving evening in america for china to start causing freaking problems again.

Okay folks, look at stock market futures for tomorrow. Tomorrow is a half day. Tomorrow is black friday tomorrow, at 11, 59 pm is the expiration of all my programs on building your wealth, including the stock market. Psychology course that helps you go from zero to millionaire.

In the stock market and sends you buy sell alerts when i buy or sell anything, but anyway, look at these futures folks, the dow down point: eight five percent. Compare that to where we were remember. The dow was down 0.03. That's how we ended uh wednesday right.

The s p 500 uh was uh up 20.23 percent, the nasdaq we had technologies doing well again at 0.44 percent. That was that's to the upside right. That was yesterday. Look at the futures now folks, the futures as of right now, 6 p.m.

California, time 9 p.m. Eastern dow down 0.85, the s p, 500 down point: seven: three tech down point: five: one and small cap down one point: four: six percent with uh futures volatility here up: eight percent; we're also seeing uh futures for the german exchange down as well. Why what is happening? What did china just do and why are things all of a sudden getting really red? Well folks, china, regulators have just asked dd executives to come up with a plan to de-list from the united states stock exchanges, specifically the nyse, citing security concerns. Like data security concerns now, this is really expected to be punishment for dd.

Remember when dd ipod, it came with a lot of fanfare. It was basically the chinese version of uber and lyft. A lot of folks were excited about the uh dd ipo. They listed the very next day china launches multiple different investigations into deity, leading to a lot of fun about investing in chinese companies, because here's china rug pulling an ipo trying to do this to dd.

Well, now, they're literally pulling the rug out from under them essentially demanding and they could change their mind. They could change their mind, but essentially right now demanding that dd list from the nyse. Now they didn't cite a specific matter of security concerns, but they do want dd to get out of the new york stock exchange. They, the cyber space administration of china, is directing dd to work out a plan.

The following two plans are currently being considered: option number one: take the company completely private force the company to pay people the ipo price of fourteen dollars for the stock, but not lower to potentially avoid lawsuits and take the company private. Alternatively, d-list in the united states float the same shares in the hong kong stock exchange, the 8k the hk, and then this would mean likely listing the shares in the hong kong stock exchange at the share closing price of eight dollars and 11 cents wednesday for didi. However, we expect a lot of american investors to pull their money out of not just dd but potentially multiple chinese related stocks. After this more on that, in just a moment, i want to make it very clear.

Bloomberg is reporting this news. This is breaking news. China could backtrack, but this is really bad for didi they've had issues with the chinese government, since the ipo, softbank and uber are the largest minority shareholders in the company, and this is also creating concerns that the chinese us relations aren't getting better they're getting worse. Things did calm last week when the president of the people's republic of china, president xi jinping, spoke with biden virtually and they spoke amicably about improving relations.

But fears were then stoked only slightly by this, but it didn't help when jamie dimon, the ceo of chase, began casting doubt that the chinese communist party would even exist long into the future and joked that the chinese communist party was probably listening and boy did the Financial community around the world hear about this. This was like the shot heard around the world. Now we didn't have a massive fallout in chinese stocks after the jamie diamond comment, but there was there were a lot of concerns like what's china going to do now. What's china going to do now, some people are suggesting here goes china trying to screw mostly american investors, because you know this news is going to create massive fud around investing in chinese stocks.

Creating the potential fear that there are going to be d listings hitting companies - and this is this is not expected. This is just potential fears that there could be d listings hitting companies like neo, alibaba, xbing, jd.com, baidu, alibaba and any other chinese company. It's worth noting that i have completely closed out my neo share position. I do still have a few options in them, although i'm really excited to close those out which always remember anytime, i buy or sell anything you get those alerts in the stocks in psychology, money group and that program with lectures lifetime access on building your wealth does Expire tomorrow, 11 59 pm, but anyway, it's also worth noting this five us lawmakers defy china by meeting with officials in taiwan, a lot of tension between china and taiwan.

We're not going to go deep onto that right now, but all you need to know is this when we broke news of our trip yesterday - and this is a representative representative slotkin, she said quote, my office received a blunt message from the chinese embassy telling me to Call off the trip yeah, the representatives mentioned that they wanted to improve relations with taiwan, especially regarding the chip, shortages and uh. You know automobiles or whatever. China does not like this, and so china's not for retaliation, okay and what an easy way to burn. U.S investors, not just by punishing didi but punishing investors in other chinese stocks.

This folks is even harsher of punishment. That didi is receiving then tencent or alibaba have received, and this is very likely to create substantial fud, and i believe that is exactly why, right now we are seeing futures fall now. I hope they recover, but right now tech is actually faring the best down. Only 0.57 percent dow down point about eight nine uh s, p down point: seven: nine and small caps down about 1.53 for a black friday opening tomorrow.

Folks, thank you so much for watching this video. I will report any additional updates as they come out uh. Please have a wonderful thanksgiving with your friends and your family check out the programs on building your wealth down below. I appreciate you.

Things are turning red around here, but i'll see you tomorrow morning, goodbye and now also just a quick follow-up, though i know i technically already ended the video, but i just want to give a little bit more clarity if you own shares in chinese companies unless, for Some reason something softens in the news. I would expect chinese shares to be going down uh now uh. That is that it's not trying to far that's i'm reporting the news. I would just anticipate that tomorrow, your chinese shares are going to be down whether you want to continue to huddle or potentially buy value in things like alibaba comes down to your belief in chinese u.s relations, improving think about it, folks, okay, one of the things that You consider can consider in this is the united states is pro crypto? China is not china feels like it has us over the barrel with chips.

The us is encouraging its companies to diversify out of china and go to places like taiwan or other places to partner with any other country, whether it's singapore or the philippines, or whatever, just to limit exposure to china. China does not like this and when you have the ceo of one of the biggest banks, one of the big, probably the biggest out of the top four banks in america, making fun of the chinese comedy's party. China's going to come back at you, especially when your your congress, men and women, are going to play friends on thanksgiving with taiwan. Despite the fact.

That's not what china wants. So you don't respect china. These relations aren't going to get any better and i would not be very bullish on chinese stocks not again trying to fud uh. I i honestly is one of the reasons i sold out of neo.

I i was very, very skeptical about the next coming weeks with chinese relations and the chinese consumer, but anyway check out those programs. You can get all my alerts thanks. So much goodbye.