Dow Jones Futures Rise As Biden, Xi Meet; Elon Musk Sells More Tesla Stock

Dow Jones futures were up early Tuesday, as President Biden met with with Chinese President Xi, while CEO Elon Musk sold more Tesla stock. Read More...


Biden, Xi stick to their positions but turn down the heat in three-hour talk

WASHINGTON/BEIJING (Reuters) -U.S. President Joe Biden pressed his Chinese counterpart on human rights in a video call lasting more than three hours, while Xi Jinping warned that China would respond to provocations on Taiwan, according to official accounts of the exchange. The talks, which began on Monday evening in Washington – Tuesday morning in Beijing – appeared to yield no immediate outcomes, but gave the two leaders opportunity to nudge their relations away from icy confrontation, even as they stuck to entrenched positions. Xi, who has not left his country since COVID-19 spread worldwide from the central Chinese city of Wuhan nearly two years ago, compared the two countries to “two giant ships sailing in the sea” that needed to be steadied so they didn’t collide, Chinese state media reported.

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