The Latest on the Global Economy's Most Contentious Relationship

China and the U.S. trade high-profile sanctions, but the real impact is showing up in banks and on the Hong Kong stock market.

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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

• Grayscale launches national digital asset TV ad campaign
• Rough times for oil as Saudi Aramco sees 73% decline in revenue
• Kodak crashes as government grant paused amid allegations of impropriety

Our main conversation is a look at the latest skirmishes between the United States and China, including:

• U.S. sanctions on Hong Kong leaders including Carrie Lam
• Retaliatory Chinese sanctions on U.S. politicians
• The arrest of a pro-democracy Hong Kong media tycoon
• Arrest warrants issued for six foreign Hong Kong democracy advocates
• President Trump signs executive orders targeting TikTok and WeChat
• Twitter enters the race to buy TikTok before the Executive Order ban takes effect
• Impact on banks, the Hong Kong stock market and Huawei

See also: Is This China’s Century or the US’s? Maybe It’s Both

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.