Luke Vargas

They're up 15 percent.

That has evidently attracted the attention of leaders in France and Germany who've been making some big comments in recent days.

What is the chance we might see Beijing and, for instance, these European countries reach some sort of mutually agreeable solution here?

John, I noticed Emmanuel Macron saying the goal is to get China to take measures to curb its advantage.

Is there a reason China might be amenable to that?

And Tom, for Europe, what's the chance that, I don't know, getting a bit more defensive in their dealings with China would help their domestic champions?

They've tried to boost them up for a while to no avail.

Is there a reason this could be successful here where it hasn't been in the past?

John Cheng is The Wall Street Journal's China bureau chief and Tom Fairless, our global economics correspondent based in Berlin.

John, Tom, thank you both so much.

Thanks for having us.

Thanks, Luke.

Coming up, Jamie Dimon puts himself forward to help defend American tech from foreign adversaries.

We've got that story plus a spin through the day's market news and a preview of a big election in Miami after the break.

Jamie Dimon has announced that he's launching a $1.5 trillion initiative aimed at bolstering American self-sufficiency in critical industries, including rare earths and AI.

The JP Morgan CEO says he wants to protect America from potential foreign adversaries and is bringing together A-list business leaders, politicians, and military experts to advise the $4.6 trillion bank on the so-called Security and Resiliency Initiative.

elite advisory council includes Amazon founder Jeff Bezos and former Secretary of State Condoleezza Rice.

Dimon has also poached Todd Combs, one of Warren Buffett's handpicked advisors, to manage a $10 billion internal fund to invest in critical American supply chains.

In other markets news, the Fed is kicking off its final rate-setting meeting of the year, with a cut widely expected tomorrow.

A U.S.