Kate Bullivant

Lawyers for the government argue that the case shouldn't be decided by a judge in New York but rather in New Jersey, where he was first booked and processed, or in Louisiana, where he was transferred this past weekend. In market news today, shares in Intel have rallied in off-hours trading after the semiconductor company named Litbu Tan as its new chief executive.

Lawyers for the government argue that the case shouldn't be decided by a judge in New York but rather in New Jersey, where he was first booked and processed, or in Louisiana, where he was transferred this past weekend. In market news today, shares in Intel have rallied in off-hours trading after the semiconductor company named Litbu Tan as its new chief executive.

Tan is a career venture capitalist and former Intel board member with more than 20 years of chip and software experience. Intel shares have lost more than half their value over the past year as the one-time industry-leading semiconductor manufacturer has underperformed both the market and its competitors. though deal speculation has helped push shares up so far this year.

Tan is a career venture capitalist and former Intel board member with more than 20 years of chip and software experience. Intel shares have lost more than half their value over the past year as the one-time industry-leading semiconductor manufacturer has underperformed both the market and its competitors. though deal speculation has helped push shares up so far this year.

New data from the Treasury Department shows that the gap between federal revenue and government spending widened to $1.15 trillion in the first five months of the fiscal year. That marks a record for the October through February period. The biggest increases in spending came from interest paid on public debt, which rose by 10% in the current fiscal year.

New data from the Treasury Department shows that the gap between federal revenue and government spending widened to $1.15 trillion in the first five months of the fiscal year. That marks a record for the October through February period. The biggest increases in spending came from interest paid on public debt, which rose by 10% in the current fiscal year.

Higher tax credits and military and security spending also jumped. And later today, markets will get another inflation update when the Labor Department releases February's producer price index. Yesterday, data showed consumer prices were up 2.8% last month from a year earlier, a lower than expected reading, although there is concern from analysts and on Wall Street

Higher tax credits and military and security spending also jumped. And later today, markets will get another inflation update when the Labor Department releases February's producer price index. Yesterday, data showed consumer prices were up 2.8% last month from a year earlier, a lower than expected reading, although there is concern from analysts and on Wall Street

that tariffs could continue to push prices higher. PPI is due out at 8.30am Eastern. Coming up, China's relentless campaign to extend its power across Asia is blurring the lines between war and peace. We take a look at this grey zone after the break. In the middle ground between war and peace lies the grey zone.

that tariffs could continue to push prices higher. PPI is due out at 8.30am Eastern. Coming up, China's relentless campaign to extend its power across Asia is blurring the lines between war and peace. We take a look at this grey zone after the break. In the middle ground between war and peace lies the grey zone.

It's a domain of boundary pushing that tests the limits of what your opponents consider tolerable. And it's a strategy that journal chief correspondent Naharika Mandana reports China has been embracing across a swath of Asia as it looks to cement its power. Naharika, let me just say first off, for our journal subscribers, I think it's worth checking out the link to your story.

It's a domain of boundary pushing that tests the limits of what your opponents consider tolerable. And it's a strategy that journal chief correspondent Naharika Mandana reports China has been embracing across a swath of Asia as it looks to cement its power. Naharika, let me just say first off, for our journal subscribers, I think it's worth checking out the link to your story.

We've left a link to that in our show notes. The graphics showing Chinese military activity in the waters around Taiwan or the buildup of Chinese settlements in the Himalayas is really quite eye-catching stuff.

We've left a link to that in our show notes. The graphics showing Chinese military activity in the waters around Taiwan or the buildup of Chinese settlements in the Himalayas is really quite eye-catching stuff.

And one location we haven't discussed on the podcast before is China's border with Bhutan, where this strategy also seems to be playing out. Tell us about the significance here.

And one location we haven't discussed on the podcast before is China's border with Bhutan, where this strategy also seems to be playing out. Tell us about the significance here.

So how are affected countries responding to that aggression?

So how are affected countries responding to that aggression?

That was Journal chief correspondent Naharika Mandana. Naharika, thanks so much for your time. Thanks very much, Kate. And speaking of the rivalry between the world's greatest powers, we've been working on a special series about how Beijing is using its trillion-dollar Belt and Road infrastructure programme to undercut American dominance on the world stage.

That was Journal chief correspondent Naharika Mandana. Naharika, thanks so much for your time. Thanks very much, Kate. And speaking of the rivalry between the world's greatest powers, we've been working on a special series about how Beijing is using its trillion-dollar Belt and Road infrastructure programme to undercut American dominance on the world stage.