🔥 Will THIS Move Flare US-China Tensions?

Good morning. US stock futures traded lower in Monday morning trading as Wall Street awaits further insight about the path of inflation.

🤖 China fights back in chip wars 

📝 Our report: China just dropped the mic on U.S. microprocessors! Reports from the Financial Times suggest they're kicking Intel and AMD chips out of government PCs and servers faster than you can say "byte me!"  

 🔑 Key points:

• The government’s updated procurement guidance also seeks to sideline Microsoft's Windows operating system and foreign-made database software in favor of domestic options, the report said.

• China's industry ministry in late December issued a statement with three separate lists of CPUs, operating systems and centralized databases deemed "safe and reliable" for three years after the publication date, all from Chinese companies.

• The U.S. has been aiming to boost domestic semiconductor output and reduce reliance on China and Taiwan with the Biden administration's 2022 CHIPS and Science Act.

💡 So what: China's decision to phase out U.S. microprocessors like Intel and AMD from government computers and servers could escalate tensions between the two countries. It signals China's intent to reduce dependence on American technology amid ongoing trade disputes and geopolitical rivalries. This move could prompt the U.S. to retaliate or impose stricter regulations on Chinese tech companies operating within its borders, further straining diplomatic relations.

Monday - Chicago Fed President Austan Goolsbee Speaks

Tuesday - Consumer Confidence

Wednesday - Fed Governor Christopher Waller Speaks

Thursday - US GDP

Friday - Fed Chair Jerome Powell Speaks

 📈These are 12 things you need to know about financial statements

💰 Everything you need to know about junk fees — and how to avoid them

🤖 EU launches sweeping probe into Big Tech companies

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💰 Biden signs trillion dollar spending plan

WHAT: The US Senate took a swift vote on a $1.2 trillion spending plan to keep the government running smoothly, dodging the dreaded shutdown scenario. President Joe Biden eagerly put pen to paper, remarking that the bill "keeps the government open, invests in the American people, and strengthens our economy and national security."

WHY: The bill will fund the government through the end of September and is to be the final step in a drawn-out fight that has seen a government funding debate stretch almost six months into the fiscal year and risk a headwind for the economy.

🛬 Airline comes under increased scrutiny

WHAT: United Airlines announced that federal safety regulators will be giving them a closer look in the coming weeks, after a series of recent safety incidents prompted concerns about the airline’s processes and operations. United's corporate safety vice president, Sasha Johnson, said in a memo that employees will see more of a presence by the Federal Aviation Administration "in our operation as they begin to review some of our work processes, manuals and facilities."

WHY: FAA Administrator Mike Whitaker told Reuters in a recent interview that the agency was going to be looking at United more closely, noting that company CEO Scott Kirby was aware of the increased regulatory oversight.

📱 Google shaking things up through Chrome browser

WHAT: Google is about to shake things up in the online world! Come later this year, they're pulling the plug on those sneaky third-party cookies through their Chrome browser. The move represents a profound remaking of the advertising world and user experience on the internet. Without the third-party cookie, businesses have less of an idea of who their audience is.

WHY: Chrome, which commands 60% of global internet traffic, is the last major browser to allow third-party cookies. For years Apple's Safari and Mozilla's Firefox have blocked third-party cookies by default.

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