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 NUMBER_TOKEN NUMBER_TOKEN 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 NUMBER_TOKEN that's how we ended uh wednesday right the s p NUMBER_TOKEN uh was uh up NUMBER_TOKEN percent the nasdaq we had technologies doing well again at NUMBER_TOKEN percent that was that's to the upside right that was yesterday look at the futures now folks the futures as of right now NUMBER_TOKEN p.m california time NUMBER_TOKEN p.m eastern dow down NUMBER_TOKEN the s p NUMBER_TOKEN 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 NUMBER_TOKENk 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 NUMBER_TOKEN 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
START_SPONSOR_TOKEN 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 END_SPONSOR_TOKEN