U.S. faces deep recession if cut off from Taiwan chip manufacturing, Raimondo says

MORNING SQUAWK APAC Thursday, 21 July 2022 Raimondo warns of 'deep and immediate recession' if U.S. were to be cut off from Taiwan chip manufacturing Congress is nearing key votes on a bill to fund U.S. semiconductor manufacturing, known as the CHIPS Act. » Read more Asia-Pacific markets trade mixed; Bank of Japan rate decision ahead The Bank of Japan is expected to keep rates at ultra-low levels Thursday, according to a Reuters poll. » Read more Netflix and its peers are set for a 'return to growth,' analysts say, giving one stock 120% upside Analysts explain why it may be time to invest in Netflix, whose valuation is at "rock bottom," and name another stock that taps a "number one investable trend." » Read more Tesla grows revenue 42%, but automotive margins decline Tesla's margins were impacted by inflation and fiercer competition for the components that go into EVs. » Read more The reason behind a mysterious trading surge in stocks like Berkshire Hathaway has been revealed A change in how Robinhood reports fractional trading data was a culprit behind the mysterious surge in Berkshire Hathaway trading volumes. » Read more Today's Guest Highlights on CNBC All times in SIN/HK 10:40 Kazuo Momma Executive economist / Mizuho Research and Technologies Bank of Japan 11:15 Nandalal Weerasinghe Governor / Central Bank of Sri Lanka Sri Lanka 11:30 Thierry Delaporte CEO / Wipro Earnings, tech jobs Send to a friend  |  Advertise  |  More newsletters  |  Digital Products  |  Unsubscribe © CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632