In what can only be called the biggest "flip-flop" in recent executive history, Stacey Cunningham of the NYSE changes her mind AGAIN !! Love that female fickleness...that's why I never thought much of women in the C-Suite. Anyone do any dating of women over 40 ? Brutal, just brutal. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NYSE Mulls Reverting to Original Plan to Delist China Shares By Saleha Mohsin, Jennifer Jacobs, Robert Schmidt, and Lananh Nguyen January 5, 2021, 1:35 PM EST Updated on January 5, 2021, 6:10 PM EST Possible reversal follows Mnuchin call to NYSE’s Cunningham Exchange’s surprise announcement caught White House off guard The New York Stock Exchange is considering proceeding in delisting three major Chinese telecommunications firms after Treasury Secretary Steven Mnuchin criticized its shock decision to grant the companies a reprieve, said three people familiar with the matter. The NYSE’s potential pivot follows a whirlwind 18 hours in which the exchange caught U.S. officials off guard, with the exasperation reaching the highest levels of the Trump administration. The back-and-forth also sowed deep confusion within global financial markets about the policy that set off the remarkable chain of events: an order signed by President Donald Trump in November that requires investors to unload Chinese businesses deemed a threat to U.S. national security. Mnuchin entered the fray Tuesday, calling NYSE Group Inc. President Stacey Cunningham to express his displeasure with the exchange’s decision to let China Mobile Ltd., China Telecom Corp. and China Unicom Hong Kong Ltd. keep trading on the Big Board, said the people who asked not to be named in discussing a private conversation. Also involved in the administration’s response were Chief of Staff Mark Meadows, National Security Adviser Robert O’Brien and National Economic Council Director Larry Kudlow. China Mobile paced declines in late trading for the American depositary receipts of the three companies, falling 2.5% to $28.61 at 6 p.m. in New York. The final gyrations of the day shaved about $3.5 billion in collective market value from the trio after each had rallied on the expectation of at least a temporary respite from Trump’s order. Changing Course NYSE first announced it would delist the companies on New Year’s Eve, before changing course four days later. The NYSE’s initial decision was meant to comply with the order but the exchange reversed itself after questions emerged over whether the companies were actually banned, according to people familiar with the matter. If and when the exchange receives confirmation from the government about what’s prohibited, it will move forward with delisting, the people said. Treasury may also provide further clarification through its Office of Foreign Assets Control, one person said. NYSE and Treasury spokespeople declined to comment. Treasury released a document Monday that offered further information on the order hours before the exchange announced its decision to allow the companies to keep trading.