During two days of meetings in Beijing, Blinken and senior Chinese foreign-policy officials agreed to more high-level talks, continuing a thaw after months of near-frozen contacts. They also promised to find common ground on increasing flights between the two countries and combating the flow of fentanyl into the U.S.
Beijing Plans a New Training Facility in Cuba, Raising Prospect of Chinese Troops on America's Doorstep
WASHINGTON-China and Cuba are negotiating to establish a new joint military training facility on the island, sparking alarm in Washington that it could lead to the stationing of Chinese troops and other security and intelligence operations just 100 miles off Florida's coast, according to current and former U.S. officials.
Discussions for the facility on Cuba's northern coast are at an advanced stage but not concluded, U.S. intelligence reports suggest. The Biden administration has contacted Cuban officials to try to forestall the deal, seeking to tap in to what it thinks might be Cuban concerns about ceding sovereignty. Beijing's effort to establish a military training facility in Cuba hasn't been previously reported.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
None scheduled
Economic Calendar:
Nothing scheduled
Expected Major Events for Tuesday
04:30/JPN: Apr Revised Industrial Production
05:00/JPN: May Convenience Store Sales
06:00/GER: May PPI
06:00/JPN: May Revised Machine Tool Orders
09:00/ITA: Apr Balance of Payments
12:30/US: May New Residential Construction - Housing Starts and Building Permits
17:59/UK: May Aluminium Production report
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Tuesday
Arrow Financial (AROW) is expected to report $0.73 for 1Q.
Athenex Inc (ATNXQ) is expected to report for 1Q.
California First Leasing Corp (CFNB) is expected to report for 3Q.
Cyanotech Corp (CYAN) is expected to report for 4Q.
Drive Shack Inc (DSHK) is expected to report $-0.06 for 1Q.
FTI Consulting (FCN) is expected to report $1.65 for 4Q.
FedEx Corp (FDX) is expected to report $4.82 for 4Q.
La-Z-Boy Inc (LZB) is expected to report $0.72 for 4Q.
Nicholas Financial (NICK) is expected to report for 4Q.
Rubius Therapeutics Inc (RUBY) is expected to report $-0.50 for 1Q.
iMedia Brands Inc (IMBI) is expected to report for 1Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
Applied Materials Cut to Neutral From Buy by New Street Research
AutoZone Raised to Buy From Neutral by UBS
Mersana Therapeutics Cut to Neutral From Overweight by JP Morgan
NexTier Oilfield Soltns Cut to Neutral From Buy by Citigroup
RPC Inc Cut to Sell From Neutral by Citigroup
SoFi Technologies Cut to Neutral From Buy by B of A Securities
SoFi Technologies Cut to Neutral From Overweight by Piper Sandler
Truist Financial Cut to Hold From Buy by Odeon Capital
West Pharma Raised to Buy From Neutral by B of A Securities
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
06-20-23 0603ET
