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We have to talk about the Financial Times is reporting earlier
today about Joe Biden potentially warning U.S. companies about

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doing business in Hong Kong. What do you make of this.
This is just yet another

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another blow between Beijing and Washington. And what you have
is the Biden administration saying that what's going on in Hong

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Kong they really want to just tighten the screws between they're
worried about China's access to data of American companies in

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Hong Kong. I think a big question will be what happens to the
financial hub of Hong Kong. Do these companies really start

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shifting to Tom and I would talk about this the other day on a
call to Singapore or Tokyo because of the Chinese Communist

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Party's grips on Hong Kong. We also have a Bloomberg story about
potential digital trade with other countries. And this would yet

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be a another potential bifurcation between the markets in the
technology space between Beijing and Washington. And that's

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exactly why I wanted to go it to me. It felt like almost trying
to reprise the Trans-Pacific Partnership that was scrapped under

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President Trump. I mean this digital trade agreement in it the
Indo Pacific area. How serious is this. I mean could it gain

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enough traction among allies to actually get off the ground. I
think a lot of individuals who follow the trade world to think

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that it's an opening and it could be a place holder given the
fact that the United States left the TPP it will be interesting

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is of course who signs up some of the names that are floated in
this Bloomberg scoop from Peter Martins and Sally Emotion and

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Erik Martins is Australia Canada Chile. And really it would just
be a way for the United States to shore up some of these

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countries when you are seeing a stronger China. And at least if
not so with commercial goods but at least digitally.