50-Year Wall Street Legend: "Prepare for an Election Surprise"

During his 50 years on Wall Street, legendary stockpicker traded through 13 presidential elections. Today, he is stepping forward to warn of a critical market shift that could blindside millions of Americans before Election Day.

Culinary diplomacy: The internet is obsessed with what Janet Yellen eats in China

FATIMA HUSSEIN
April 08, 2024

BEIJING (AP) -- Ever since she ate mushrooms that can have psychedelic effects in Beijing last July, Janet Yellen has united Americans and Chinese in wanting to know what she will eat next.

And now that the U.S. Treasury secretary is back in China this week, having stopped in Guangzhou and Beijing, many people are less interested in her travels to rebuild relations between the world's two biggest economies, and more fascinated with what she'll eat next and where.

From her forays into Sichuan dumplings to Peking duck, mouth watering chicken or twice cooked pork -- even Chinese politicians at the highest ranks of the party are taking notice of her popularity on the culinary arts scene.

Ahead of a highly anticipated bilateral meeting Sunday between Yellen and Premier Li Qiang at the Great Hall of People, he noted in his opening remarks that Yellen's visit has "indeed drawn a lot of attention in society" with media covering her trip. She prefers to dine among other patrons and doesn't like partitions keeping her from other diners -- making her silver hair highly recognizable when she's out and about.

The use of her chopsticks at a restaurant in Guangzhou has also been a particular observation.

A social media account run by Chinese state media posted a catchy video of Yellen on her first night in China, eating with the U.S. ambassador and other officials at Tao Tao Ju, a Guangzhou restaurant that dates to 1880.

The post, one of the most viewed on the Weibo microblog app the next morning, praised Yellen for holding chopsticks well but added, "as a U.S. official, Yellen needs to know more about China than just food. Only by knowing more about China can we set right the American view of the world, of China, of China-U.S. relations."

And during a Sunday meeting with Dean of Peking University, Huang Yiping, he joked that China has been watching the news of her arrival as well as her dining, to which Yellen interjected: "My chopstick skills!"

In the U.S., Yellen also often stops for fast food and at local eateries during domestic trips ahead of events to promote Biden administration policies like the Democrats' Inflation Reduction Act and the infrastructure law, and becomes the news.

A stop last November at In-N-Out burger in San Francisco before heading to the airport to meet Chinese President Xi Jinping ahead of the Asia-Pacific Economic Cooperation meeting also became a viral moment.

In China, her very first viral moment happened when she unknowingly ate mushrooms than can become psychedelic when cooked improperly at a Yunnan restaurant called Yi Zuo Yi Wang during her first trip as Treasury secretary last July. Mushroom-gate went viral across the internet and the restaurant has since dedicated a part of its menu to Yellen's visit, where diners can order what she ate.

She told CNN at the time, "There was a delicious mushroom dish. I was not aware that these mushrooms had hallucinogenic properties. I learned that later."

In China for a second time this week, Yellen is hoping to make headway on the issue of what she calls Chinese overproduction of solar products, electric vehicles and lithium-ion batteries that she warns threaten global economic stability if left unchecked.

And this time around in Beijing, Yellen ate at Lao Chuan Ban, a popular Sichuan restaurant. She also had lunch with Beijing Mayor Yin Yong at the Beijing International Hotel.

On Monday evening, her last night in China, Yellen visited Jing-A Brewing Co. in Beijing -- co-founded by an American -- where she ordered a Flying Fist IPA, a beer made with American hops.

She took a sip and called it "excellent."

___

Associated Press researcher Wanqing Chen contributed to this report.

Continue Reading...

Popular

U.S. Loses to China in Shocking WAR GAMES - Ad

Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon.

Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy

China has gone out in full throttle to stimulate its economy and analysts are mostly upbeat about its ramifications.

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

A new technology (not AI) is powerful enough to save America $1.7 TRILLION in healthcare costs each year. Trump is rumored to use it personally... And Kamala Harris has threatened to have key patents on it seized. Whoever wins the election - it could cause a massive surge in demand... And send a tiny firm with key patents on this technology soaring. It's currently trading for only $7. But it likely won't stay this cheap for long.

JD Vance And Tim Walz Lock Horns Over Trump's 2020 Election Defeat: 'Jan. 6 Was Not Facebook Ads'

In the 2024 vice-presidential debate, Sen. JD Vance and Gov. Tim Walz clashed over Trump's refusal to accept the 2020 election results, with Walz pressing Vance to acknowledge Trump's loss, while Vance sidestepped the issue and shifted focus to Harris' pandemic policies.

My No. 1 Crypto of 2024 -- "Crypto Royalties" - Ad

I just revealed my #1 way to profit from crypto in 2024 and you can get started with just $100.I promise you it's not buying Bitcoin, Ethereum, or any other coin you may have heard of. Instead it's a "hidden" way to potentially bank big monthly income from the crypto markets.

Edmunds: The most reliable used vehicles under $15,000

Buying a reliable used car, truck or SUV on a $15,000 budget is easy if you know what to look for. Edmunds’ experts have done that homework for you so you can start your search with the five recommended models listed below. RepairPal, a network of automotive repair shops, gives each one a high score for overall reliability. The vehicles also have favorable consumer reviews on Edmunds.

House Democrats Urge DEA To Speed Up Cannabis Rescheduling

House Democrats urge the DEA to reschedule cannabis under federal law while hinting at possible future descheduling.

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

Vista, Blackstone buying software maker Smartsheet for about $8.4 billion

Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash.

French and US companies to invest $10 billion to extract oil off Suriname's coast

PARAMARIBO, Suriname (AP) — France’s TotalEnergies and U.S. hydrocarbon company APA Corp. plan to invest $10 billion to extract oil off the coast of Suriname in a historic investment for the South American country, officials announced Tuesday.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Biggest Risk For US Autos? Biden Advisor Outlines Steps To Counter Chinese Influence On The Industry

Lael Brainard discusses U.S. auto industry strengths and risks posed by China. Biden's administration is taking steps to combat risks and ensure American-made EVs and protect national security.

Ex-'Apprentice' candidates dump nearly entire stake in owner of Trump's Truth Social platform

A Florida firm owned by former contestants on “The Apprentice” has disposed of nearly all its 5.5% stake in Trump Media & Technology Group, which owns former president Donald Trump's Truth Social platform.

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. So he invented this strange new device to protect us against that A.I. threat. See this strange device you could be wearing some day.

Average rate on a 30-year mortgage slips to 6.08%, lowest level in two years

The average rate on a 30-year mortgage in the U.S. slipped to its lowest level in two years, boosting home shoppers' purchasing power as they navigate a housing market with prices near all-time highs.

Top 3 Tech Stocks That Are Ticking Portfolio Bombs

Three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Home Depot Agrees To $2M Settlement In Customer Overcharging Lawsuit

Home Depot has agreed to a settlement of almost $2 million to resolve allegations that it overcharged customers at checkout.

Chewy Insider Penalized by SEC for Trading on Confidential Pet Insurance Deal Info

SEC charged Austin Kauh with insider trading before Chewy and Trupanion's partnership announcement, resulting in $4,344 in gains.

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

The number of Americans filing for jobless aid falls to lowest level in four months

The number of Americans applying for unemployment benefits last week fell to the lowest level in four months.

Speaker Johnson lays out agenda for Republicans as they fight to hold House majority

WASHINGTON (AP) — Speaker laid out on Tuesday a policy agenda should Republicans take the majority next year that extends the tax cuts approved when was president, reduces the size of the federal workforce and gives parents more choice on where they can send their children to school.

Jeff Bezos Just Humiliated Elon Musk - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Chubb's Growth Slows Vs. Peers, Analyst Downgrades Despite Stock Surge

Analyst downgraded Chubb Limited to Underperform, citing slower growth and lower operating leverage compared to peers despite premium valuation.

Buffett's Big A.I. Secret (Handle With Care) - Ad

A.I. is the talk of the town...But here's what they're NOT telling you. Former investment banking V.P. Ross Givens is letting the cat out of the bag. He's leaking a revolutionary new development, which changes everything. It will kick off A.I.'s massive second wave.

Chinese Cities Plan To Ease Home Buying Limits To Boost Struggling Real Estate Sector: Report

Major Chinese cities Shanghai and Shenzhen are poised to lift significant home purchase restrictions in the coming weeks, aiming to attract buyers and revitalize their struggling real estate markets.

Far From Fast: Shein's Overseas Odyssey Hits Fresh Obstacles

Key Takeaways: A politician in Britain’s ruling party is calling for a review of Shein’s London IPO bid and a ban on goods sourced from Xinjiang A proposed U.S. move to revoke a tax exemption for low-value goods could add 20% or more to Shein’s prices  By Lee Shih Ta

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

Kim Jong Un's Sister Says US Making 'Incredible Mistake' By Giving $8B In Military Aid To Ukraine: 'Should Not...Underestimate Russia's Serious Warning'

North Korea has publicly denounced the United States' decision to supply $8 billion in military aid to Ukraine. Kim Jong Un-led government has described this move as "an incredible mistake" and a perilous provocation against Russia, a nation armed with nuclear weapons.

Google says it will stop linking to New Zealand news if a law passes forcing it to pay for content

WELLINGTON, New Zealand (AP) — Google said Friday it will stop linking to New Zealand news content and will reverse its support of local media outlets if the government passes a law forcing tech companies to pay for articles displayed on their platforms.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Seminole Hard Rock Tampa evacuated twice after suspicious devices found at the casino

TAMPA, Fla. (AP) — The Seminole Hard Rock Tampa was evacuated Sunday night and again on Monday after the discovery of two suspicious devices at the Florida hotel and casino, officials said.

US retailers brace for potential pain from a longshoremen's strike

With a dockworkers' strike threatening to close ports on the East and Gulf coasts beginning this week, Chris Butler is growing worried.

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Days after Hurricane Helene, a powerless mess remains in the Southeast

AUGUSTA, Ga. (AP) — Sherry Brown has gotten nearly the entire miserable experience at her home. She's out of power and water. There is a tree on her roof and her SUV. She is converting power from the alternator in her car to keep just enough juice for her refrigerator so she can keep some food.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service