BREAKDOWN: 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.

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