The NFL must be loving this

WED, OCT 09, 2019

YOUR AFTERNOON NEWS UPDATE AND MARKET ACTION FROM CNBC

AS OF WED, OCT 09, 2019 • 12:14 ET

DJIA		26348.39
		+0.70%	+184.35

S&P 500		2918.42
		+0.88%	+25.36

NASDAQ		7905.27
		+1.04%	+81.50

EDITOR'S NOTE

So much for the idea that the NBA has the upper hand when it comes to gracefully handling or outright avoiding political controversies.

Now you've got fans showing up to the Philadelphia 76ers' preseason home game against a regional Chinese team last night, shouting and holding "FREE HONG KONG" posters, and getting ejected.

Whether or not that happens again--say, at Rockets games this year--this is now the NBA's equivalent to the NFL anthem protests that became a huge political story two years ago.

One key difference, though: the NFL protests were player-driven. The NBA's Hong Kong tweet came from a general manager. The NBA players themselves have been pretty quiet on the issue--and its biggest stars, with the most influence, do huge business in China, particularly in shoe sales. They're not likely to want to stir the pot further.

Much more coming up today on the escalating threats between China and the U.S.--which have now swept up Apple and TikTok--even as Bloomberg reports the Chinese would accept a partial trade deal in exchange for no more tariffs. That has the Dow up nearly 200 points, but it's still early.

See you at 1 p.m.!

Kelly

Kelly Evans
@KellyCNBC

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