Goldman Sachs and Morgan Stanley Sell a Massive $19 Billion Worth of Shares in Chinese Tech and US Media Companies

Goldman Sachs and Morgan Stanley have reportedly sold $19 billion worth of shares in Chinese tech and US media companies. Traders are now wondering what caused the unusually massive move and whether it will continue next week.

Goldman Sachs alone liquidated $10.5 billion worth of stocks in block trades on Friday, Bloomberg reported citing the investment bank’s email to clients. The first batch, that included $6.6 billion worth of shares of Baidu, Tencent Music Entertainment Group and Vipshop Holdings, was sold before the market opened on Friday. Later that day, the bank reportedly managed the sale of $3.9 billion worth of shares in American media conglomerates ViacomCBS and Discovery, as well some other companies, such as Farfetch, iQiyi and GSX Techedu.

Another US investment bank involved in the block trades, which are believed to have wiped $35 billion off affected firms’ valuations in just one day, was Morgan Stanley. The investment bank offered two batches of shares worth $4 billion each on Friday, according to the Financial Times.

While block trades, when sellers are looking for buyers for large volumes of securities at a price sometimes negotiated privately between the two parties, are a common thing, the scale of Friday’s moves raised eyebrows.

I’ve never seen something of this magnitude in my 25-year career,” portfolio manager at Swiss-based Bellevue Asset Management AG, Michel Keusch, told Bloomberg.

Another portfolio manager, Frederik Hildner, who works at Germany-based Salm-Salm & Partner GmbH, said the sale was “unprecedented.”

Senior vice president at Wealthspire Advisors, Oliver Pursche, called the move “highly unusual,” adding that the market participants are now wondering if another wave of block trades could hit the market on Monday and Tuesday, causing wild price swings in the affected stocks.

Another issue is the unclear nature of those trades. Goldman Sachs explained the sales with “forced deleveraging,” the Financial Times wrote citing people with knowledge of the matter. The outlet also said that the move could indicate that a big hedge fund or family office faced some serious problems.

Meanwhile, CNBC reported the selling pressure in some US media and Chinese stocks was linked to the forced liquidation of positions held by family investment office Archegos Capital Management. The lack of details about the move makes the situation worrisome, Pursche said, as investors don’t know “whether this was the liquidation of just one fund or more than a fund, or whether it was a fund liquidation to begin with and the reason behind it.”

Source: RT

The National Pulse Publishes Full List Of Western Media Outlets Participating In Chinese Communist Propaganda Events

The National Pulse is today publishing a full list of news outlets said to have granted the Chinese Communist Party and its propaganda outlets “favorable coverage” or “positive messages” following an investigation into the China-United States Exchange Foundation and ‘BLJ Worldwide’.

The full list follows a National Pulse exposé on the China-United States Exchange Foundation (CUSEF), founded by the Vice-Chairman of the Chinese People’s Political Consultative Conference (CPPCC), which has been identified by the U.S.-China Security and Economic Review Commission as a key component of the Chinese Communist Party’s United Work Front.T

The effort, according to the U.S. government report, aims to “to co-opt and neutralize sources of potential opposition to the policies and authority of its ruling Chinese Communist Party” and “influence overseas Chinese communities, foreign governments, and other actors to take actions or adopt positions supportive of Beijing’s preferred policies.”

Evidenced through the Department of Justice’s Foreign Agent Registration Act (FARA) filings, a relationship spanning over a decade between establishment media outlets and CUSEF can be discerned.

With the assistance of BLJ, CUSEF has sponsored trips to China for the following outlets with the explicit goal of “effectively disseminat[ing] positive messages to the media, key influencers, and opinion leaders, and the general public” according to FARA filings.

Dubbed “familiarization trips,” the criteria for participants included “effectiveness and opportunities for favorable coverage” in order to secure “favorable” coverage”

In order to develop favorable coverage in key national media, BLJ will continue to organize and staff “familiarization trips” to China. This includes recruiting top journalists to travel to China, selected for effectiveness and opportunities for favorable coverage.

Outlets:

Private Dinners.

In addition to CUSEF-sponsored travel, outlets also met with CUSEF officials and the BLJ CEO in various U.S. cities including New York, Washington, D.C., and Chicago. Often times, the meetings were described as “private dinners” in FARA filings.

Outlets:

The National Pulse will continue its fearless reporting into the compromised nature of Western media and the reach of the Chinese Communist Party into U.S. institutions. Please consider supporting this crucial work.

Fake News Outlets Fox News, CNN, MSNBC, AP Call Presidential Election for Joe Biden

Corporate media outlets called the presidential election for former Vice President Joe Biden and his running mate, Sen. Kamala Harris (D-CA). CNN, MSNBC, and the Associated Press called the election for Biden at 11:28 a.m., just minutes before President Trump’s lawyers were expected to speak at a press conference about challenging votes in Pennsylvania.

Fox News ultimately followed suit at 11:40 a.m.

At the time of the decision, President Trump spent Saturday morning at his golf course in Sterling, Virginia, presumably to play golf on a sunny fall afternoon.

The president issued the following statement via his campaign:

We all know why Joe Biden is rushing to falsely pose as the winner, and why his media allies are trying so hard to help him: they don’t want the truth to be exposed. The simple fact is this election is far from over. Joe Biden has not been certified as the winner of any states, let alone any of the highly contested states headed for mandatory recounts, or states where our campaign has valid and legitimate legal challenges that could determine the ultimate victor. In Pennsylvania, for example, our legal observers were not permitted meaningful access to watch the counting process.  Legal votes decide who is president, not the news media.

Beginning Monday, our campaign will start prosecuting our case in court to ensure election laws are fully upheld and the rightful winner is seated. The American People are entitled to an honest election: that means counting all legal ballots, and not counting any illegal ballots. This is the only way to ensure the public has full confidence in our election. It remains shocking that the Biden campaign refuses to agree with this basic principle and wants ballots counted even if they are fraudulent, manufactured, or cast by ineligible or deceased voters. Only a party engaged in wrongdoing would unlawfully keep observers out of the count room – and then fight in court to block their access.

So what is Biden hiding? I will not rest until the American People have the honest vote count they deserve and that Democracy demands. – President Donald J. Trump

Americans rally in Philly; Don’t Accept the Coup:

There were protests in state capitals throughout the US:

CBS Obtains 94-Page Outline Showing FBI and Chris Steele Collaborative Use of Media Reporting…

CBS News Catherine Herridge has obtained a 94-page spread sheet (pdf here) showing dates of media reports, dates of Steele reports on the same material, and the FBI effort to verify or validate the circular process.   In essence this is evidence of the process we initially shared almost three years ago; only now we know the names.

Former SSCI staffer Dan Jones, former Wall Street Journal reporter Glenn Simpson, and Simpson’s crew at Fusion-GPS, pitched and planted phony Trump-Russia evidence with the media and simultaneously gave those fake points to Chris Steele to supplement the dossier.  Using the same method of Ezra Klein’s “JournOList” replication, Dan Jones and Fusion-GPS paid the journalists to run the stories.

…”media reports on FBI reports of media reports”…

Steele then used the same information from Jones and Fusion in his Dossier and cited the planted media reports; as evidence to substantiate.  The Dossier is then provided to the FBI.  The journalists then provide *indulgences* to the FBI as part of the collaboration.

The FBI, specifically Lisa Page, Peter Strzok and public information office Mike Kortan, then leak the outcomes of the FBI Dossier investigative processes to the same media that have reported on the originating material.   It is all a big circle of planting and laundering the same originating false material; aka a “wrap up smear.”

Continue Reading at TheConservativeTreehouse.com

Fake News CBS Caught Using Photo From Latinos For Trump Event in Phoenix and Tagged it as Biden’s Florida Event!

Fake news CBS got caught in a huge lie AGAIN! CBS News used a photo from a Latinos for Trump in event in Phoenix and tagged it as Biden’s Latino event in Florida.

Emblazoned on CBS’s chyron: “Biden pitches crucial Latino voters during Florida campaign stop” — with a photo from Trump’s Phoenix rally. A Latina in the photo was literally wearing a hat that said “I Love Trump.”

Brad Parscale blasted CBS!

Biden’s Latino event in Kissimmee, Florida yesterday was a total disaster. Biden was nearly 2 hours late to the event.

This is the scene from Biden’s Latino event:

Then this happened… After being introduced by Puerto Rican-American singer Luis Fonsi, Joe Biden pulled out his phone and started playing Despacito ahead of his remarks kicking off Hispanic Heritage Month.

“Despacito” means “slowly” — perfect for Slow Joe!

WATCH:

After an hour-and-a-half delay Joe Biden went out to speak to his handful of supporters. The enthusiasm in the room is non-existent. Joe Biden spoke for 18 minutes and then left the building.

CBS News had to use a photo from a Trump rally because virtually a handful or less of supporters were at Joe Biden’s Latino event!

Likewise, the Latinos for Biden parade in Las Vegas was a complete flop while Latinos for Trump had a turnout of thousands of cars (similar to Laredo, TX) in Miami where Kamala Harris was rejected by Latinos. Yet, we are supposed to believe the fake news media that Trump only has a small percentage of the Latino vote?

Sources: