Stock Futures CRASHING | BREAKING on Huge China DELISTING!

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