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Stock impact report

Lutnick's China ties draw fire after Trump taps him to lead US in trade, tariffs [Yahoo! Finance Canada]

BGC Group, Inc. - Class A (BGC) 
Last bgc group, inc. - class a earnings: 8/2 04:20 pm Check Earnings Report
The financial services firms helmed by Lutnick have profited from ties to China, from BGC Group, which has a joint venture in Beijing with Chinese-state owned China Credit Trust, to Cantor Fitzgerald, which has helped take Chinese firms public in the United States. The financial ties raise questions about whether Lutnick could be unduly influenced by Beijing when making decisions about whether to impose fresh tariffs and export curbs on China as United States Trade Representative and Commerce Secretary, lawmakers and ethics experts said. “Mr. Lutnick's conflicts of interest in China appear to be substantial. How can the American people expect someone who is on the Chinese government's payroll to help level the playing field with China for working Americans?” asked Democratic Senator Ron Wyden, who chairs the Senate finance committee. Cantor Fitzgerald, BGC group, and the Trump campaign did not immediately respond to requests for comment. Democratic Senator Tim Kaine, who serv Show less Read more
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