Welcome to the updated Financial Sense! We hope you enjoy the new experience.

We have changed payment processors, so any existing renewals will need to be re-subscribed after expiration. You will receive an email when this happens. Also Subscriber Feeds for iTunes and RSS have changed. Visit your Subscriber Features to find updated information.

Watch this video for a quick overview or send us a message using the Contact page. Thank you!

Why Markets Tumbled After the Huawei Arrest

Dec 6 – Meng Wanzhou, Chief Financial Officer of Huawei, one of China's largest tech companies, was arrested in Canada and faces extradition to the United States for allegedly violating Iran sanctions. 

Huawei is one of China's largest technology conglomerates and what happens next could have global consequences, notes Wall Street Journal's Jon Emont in the video above.

"Meng was arrested as she was changing flights in Vancouver on Saturday, the same day Donald Trump and Xi Jinping agreed on a ceasefire in their trade fight over issues like technology transfer,  espionage and intellectual property. Huawei reflects issues at the very center of the dispute," he says.

Huawei is the world's second largest smartphone maker and the world's biggest maker of telecom equipment. It has invested heavily into nationally strategic technologies, including 5G wireless networks, and because of its perceived ties to the Chinese government, the United States and other western countries have either banned or placed restrictions on Huawei technology for domestic use.

"With China and the US already beginning fresh trade negotiations, her arrest is not going to make this tense relationship any easier," Jon says.

Financial Sense Wealth Management: Invest With Us
Subscribe to Financial Sense Newshour on iTunes
randomness