Right, well, this comes, of course, as Secretary of State Antony Blinken was set to meet President Xi Jinping in Beijing in the coming days. Now Chinese authorities have confirmed it was a civilian air ship intended for scientific research. Now President Joe Biden was briefed on the balloon and took military advice to not take it down due to the risk to the safety and security of people on the ground from possible debris. Now a spokesperson for the Pentagon says they have been keeping an eye on the balloon for several days and say that it's traveling at an altitude well above commercial air traffic and does not present a military or physical threat to people on the ground. RACHELLE AKUFFO: Is it a bird? Is it a plane? Or is it a Chinese surveillance balloon? Well, according to the North American Aerospace Defense Command, the United States government has detected and tracking a high altitude surveillance balloon that was seen flying over Billings, Montana on Thursday. has delayed Blinken’s visit to China, how the Chinese spy balloon could reset the U.S.-China relation, and the outlook for chip stocks. Council on Foreign Relations Fellow for International Political Economy Zongyuan Zoe Liu joins Yahoo Finance Live to discuss reports that the U.S.

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