GO
Loading...

What Does Hu Mean for You?

Tuesday, 18 Jan 2011 | 6:07 PM ET

The Street is keeping a watchful eye on Washington this week with China’s president Hu Jintao making a state visit.

Over the course of 4-days President Obama is expected to address a wide range of issues many of which are political. But others could have an impact on your portfolio.

DEALS, DEALS, DEALS

Amid his meetings, president Hu Jintao is expected to announce new trade deals and partnerships for doing business. In fact, some have already been announced:

- General Electric announced a deal with China Huadian to supply China with about 50 gas turbines; the agreement is expected to generate $500 million in revenue over the next five years.

- A 120-person delegation in Houston signed two cotton import agreements, according to Chinese media outlet Xinhua.

More deals are expected to follow with the Wall Street Journal speculating that energy deals between U.S. and Chinese companies could be unveiled this week. In addition, other pundits are looking for deals in the computer and agricultural areas. And again, according to the Journal, the grand daddy of them could involve the sale of Boeing jets.

THE JADE ELEPHANT IN THE ROOM

Of course, what's mentioned above pales by comparison to revaluing the yuan - and that will likely remain the hot button issue.

Earlier in the week, the White House said China must take more steps to allow its currency to strengthen.

What Hu Means for You
The trade on Hu Jintao's visit, with Andy Busch, BMO Capital Markets.

Meanwhile, a group of senators said on Monday they would push for approval of a bipartisan bill pressing China to more quickly raise the value of its currency.

Advocates claim wide support for the measure, but previous efforts to pass currency legislation directed at China have failed because of concerns it could trigger retaliation by Beijing, which is the biggest foreign holder of U.S. government debt.

Both the Senate and the House of Representatives would have to approve the bill, and President Barack Obama would have to sign it, for it to become law.

OTHER ISSUES

In addition, Mr. Hu and President Barack Obama are also expected to discuss human rights, protections for intellectual property, energy, China's military buildup and multi-lateral tensions with North Korea.

What else must you know about this important visit. Find out from Andy Busch of BMO Capital. Watch the video above!




______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Jan. 18, 2011, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karabell owns (AAPL); Karabell owns (C); Karabell owns (CREE); Karabell owns (CSCO); River Twice Capital owns (CSCO); Karabell owns (FCX); Karabell owns (FXI); Karabell owns (GE); Karabell owns (GS); Karabell owns (GOOG); Karabell owns (IBM); Karabell owns (POT); Joe Terranova Owns (GLD) Puts. Joe Terranova Owns (FCX) Puts. Joe Terranova Owns (UPL). Joe Terranova Owns (VRTS). Joe Terranova Owns (PVH). Joe Terranova Owns (GM). Joe Terranova Owns (CVI). Joe Terranova Owns (CNQ). Joe Terranova Owns (LTD). Joe Terranova Owns (C). Joe Terranova Owns (PEP); Pete Najarian owns (AAPL) call spreads; Pete Najarian owns (BAC) call spreads; Pete Najarian owns (BBY) calls; Pete Najarian owns (C); Pete Najarian owns (F) bonds and (F) calls; Pete Najarian owns (GE); Pete Najarian owns (HPQ) call spreads; Pete Najarian owns (MCD) calls; Pete Najarian owns (MSFT) call spreads; Pete Najarian owns (MS); Pete Najarian owns (YHOO); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK)

For Brian Kelly:
Accounts Managed By Kanunundrum Capital Own (FCX)
Accounts Managed By Kanunundrum Capital Own (GLD)
Accounts Managed By Kanunundrum Capital Own (LVS)
Accounts Managed By Kanunundrum Capital Own (MS)
Accounts Managed By Kanunundrum Capital Own (QCOM)
Accounts Managed By Kanunundrum Capital Own (SLV)
Accounts Managed By Kanunundrum Capital Are Short The Euro
Accounts Managed By Kanunundrum Capital Are Short The Yen

For Joe Terranova:
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (NCRI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (CLB)

For Zach Karabell:
River Twice Capital owns (IBM); River Twice Capital owns (MSFT)
River Twice Capital owns (GS)
River Twice Capital owns (CREE);
River Twice Capital owns (POT)
River Twice Capital owns (QCOM)
River Twice Capital owns (RBCN)
Karabell owns (RIMM)
River Twice Capital is short (S)
River Twice Capital is short S&P 500; River Twice Capital is short Nasdaq 100 River Twice Capital Owns (SOLR)

For Ryan Jacob
The Jacob Internet Fund Owns (AAPL)

For Jeff Harte
Sandler O'Neill Has Received Investment Banking Compensation From (BAC), (C), (JPM) In Past 12 Months
Sandler O'Neill Expects To Receive/Seek Investment Banking Compensation From (BAC), (BK), (C), (JEF), (JPM), (NTRS) In Next 3 Months
Sandler O'Neill Has Received Non-Investment Banking Compensation From (BAC), (C), (GS), (JPM), (MS), (NTRS)
(BAC), (BK), (C), (GS), (JPM), (MS), (NTRS) Is A Client Of Sandler O'Neill (Non-Investment Banking Securities-Related Services)
(BAC), (C), (JPM) Was An Investment Banking Client Of Sandler O'Neill
Sandler O'Neill Is A Market Maker In (NTRS)

For Andy Busch
Busch does not have disclosures

For Scott Nations
Nations has no disclosures

For Guy Adami SOT
Adami had no disclosures on (MCD) on 12/7/2010



CNBC.com with wires.

  Price   Change %Change
GE
---
BA
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.