We were mentioned in the November 2019 issue of ASTRA’s Toy Times. The following excerpt can be found in page 10:
The on-again, off-again speculation about new tariffs on Chinese imports has been dizzying. For months, the President’s negotiations with China has had both the stock market, and consumers, in flux.
The President recently announced that he was delaying some new tariffs until December 15 in hopes of not disrupting the Christmas shopping season. Although the tariffs have been moved back, make no mistake – they’re still coming. The round of tariffs coming in December will cover $160 billion of imports. The bottom line is, for the first time, President Trump’s trade war with China will likely raise prices directly for U.S. homes on items like clothing, shoes, toys and electronics.
Only 18 percent of toys imported from China are being affected right now by tariffs, but that number will soar to 100 percent when the December 15 tariffs hit, according to the Peterson Institute for International Economics (PILE). Starting on December 15, U.S. companies will find that 100 percent of their imports from China, in nearly all product categories, are being targeted by Trump’s tariffs. That’s why many ASTRA toy stores around the country are stocking up on merchandise now to avoid the massive round of tariffs that loom in the coming weeks.
“What you’ll likely see is more inventory buildup in the middle, and towards the end of Q4 this year,” said Tony Nash, CEO at Complete Intelligence. Nash is an economist and expert on China who has been frequently featured on CNBC, Yahoo Finance and the BBC. “And then you’ll see imports to the U.S. from China, at least in regards to toys, slow in Q1. Even if the tariffs are lifted, it will still stay slow because the toy importers have already bought what they’re going to buy.”
ASTRA and the Toy Association have joined forces with a broad coalition of American businesses and trade organizations. The work continues in Washington to work on trade policy and other issues that impact the toy industry. The ultimate goal of the partnership and coalition is to make sure that voices are heard, business models are understood, and that the economic impact nationwide is recognized.
The Copley Fund Research released a report saying that there have been improved economic indicators driving growth in the Euro-zone. Complete Intelligence Founder and CEO Tony Nash joins Yahoo Finance’s Akiko Fujita to discuss on The Ticker.
Tony Nash, CEO and founder of Complete Intelligence, explains what the company’s platforms do. This video is produced by Real Vision. For more information, visit our website at https://completeintel.com/
Complete Intelligence is an artificial intelligence platform that forecasts assets, currencies, commodities, equity indices, and also does advanced procurement and revenue for corporate clients.
What we’re doing is we’re using reinforcement learning, which is effectively a number of neural networks. We use right now about 21 different neural networks to test every single asset.
Let’s say you have a bill of material for a mobile phone and you’ve got 7,000 items in that mobile phone. We’re integrating with an ERP system to put all of that data out of the ERP system for that mobile phone and we’re telling that manufacturer exactly how much every element is going to cost them for the next year.
If you look at everything as a bill of material, a portfolio is effectively a bill of material. We do the same thing for portfolios. We do the same thing for product revenue forecast.
We look at the world as a math problem. It doesn’t matter if it’s gold, or a diode or plastic or crude oil, or Japanese yen. It’s a number that behaves a certain way.
And there are anomalies, there are inflections, there are any number of things. But we don’t have any causal conviction on any asset the way it trades. Whether that’s traded through a procurement team, or whether that’s traded through an exchange, it doesn’t really matter to us. We’re looking at the behavior of numbers.
We have billions of data items in our platform. We’re running billions of calculations within our platform, and we’re testing more than a million different potential drivers for that element.
We’re not enforcing any causality or any driver environment on anything.
The underlying hypothesis of what we’re doing is very simple. The world is a closed system. And when we say that to people, they say, “Well, of course it is.” But the way they think of the world doesn’t necessarily align with that.
From day one, the way we built our approach, the way we built our platform, all has the underlying assumption that the world is a closed system, and everything is a tradeoff.
The Trump administration placed 28 Chinese entities on a blacklist, citing alleged human rights violations against Muslim minorities in the country. Firms on the list include surveillance companies and artificial intelligence startups. Tony Nash, Founder & CEO of Complete Intelligence, joins Akiko Fujita on The Ticker to discuss.
Get insights on China and Hong Kong from experts including Complete Intelligence founder (and speaker at a recent Real Vision Blacklist summit) Tony Nash.