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Apr 7, 2024
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they seem to like janet yellen. she is viewed as a scholar to them and seems to be warmly received everywhere she goes, even in the private meetings. official said there were no points where arguments got heated. we sometimes see that and we had commentary from the state agency that had a more caustically worded tone. that's a side channel, but directly with janet yellen they used kid gloves and continued the ceremonial parts of the visit. janet yellen was given a special tour of the forbidden city in beijing, which is very rare, especial thing given to some vips that are visiting. so they're trying to keep the tone very positive despite the u.s. criticism. paul: you talk away janet yellen has been received in china. she has spent a lot of time building ties, but could this be her last visit? chris: it would be surprising if she came back again as treasury secretary. this term for the biden administration will end in january and she is unlikely to carry on as secretary, but that does not mean talks will stop. she wi
they seem to like janet yellen. she is viewed as a scholar to them and seems to be warmly received everywhere she goes, even in the private meetings. official said there were no points where arguments got heated. we sometimes see that and we had commentary from the state agency that had a more caustically worded tone. that's a side channel, but directly with janet yellen they used kid gloves and continued the ceremonial parts of the visit. janet yellen was given a special tour of the forbidden...
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Apr 8, 2024
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great interview with janet yellen. thank you. let's get reaction from what we heard from janet yellen. we have a senior fellow at the atlanta council economic center. good morning. great to have you here on a day like this following that inte interview. >> good morning. thank you for inviting me. >> was something that stuck out about the interview or what we heard from janet yellen? groundless and unacceptable on both sides of the overcapacity issue? >> that is talking about the ability of the chinese system and our availability. yellen was correct in raising the issue of overcapacity particularly in green tech sectors. from the chinese point of view, that is the strategy to develop the new growth engine and serving the economy and the organization of the economy. >> so a lot of talk about the chinese economy. you heard sara say yellen was trying to get officials to focus on consumption. for the second straight year, gdp growth target of 4% was set. in your mind, is some of the push back focused on the gdp tar target or is it pol
great interview with janet yellen. thank you. let's get reaction from what we heard from janet yellen. we have a senior fellow at the atlanta council economic center. good morning. great to have you here on a day like this following that inte interview. >> good morning. thank you for inviting me. >> was something that stuck out about the interview or what we heard from janet yellen? groundless and unacceptable on both sides of the overcapacity issue? >> that is talking about...
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Apr 8, 2024
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well, the way that janet yellen would _ this. well, the way that janet yellen would probably - this. well, the way that janet| yellen would probably explain this. well, the way that janet i yellen would probably explain it this. well, the way that janet - yellen would probably explain it is that they are trying to make this production and this technology over to the united states and the overarching goal here is to build up the us semiconductor industry and to try to reclaim some us dominance here so yes, it is idiosyncratic, it is a foreign company but what they would say is that this money, this up would say is that this money, this up to 65 billion total investment in the united states goes towards training american workers, bringing new facilities to arizona and will serve to attract suppliers to the state. . ~ ., ., ,., state. talk to me about the importance _ state. talk to me about the importance of _ state. talk to me about the importance of chip-making| state. talk to me about the - importance of chip-making overall impo
well, the way that janet yellen would _ this. well, the way that janet yellen would probably - this. well, the way that janet| yellen would probably explain this. well, the way that janet i yellen would probably explain it this. well, the way that janet - yellen would probably explain it is that they are trying to make this production and this technology over to the united states and the overarching goal here is to build up the us semiconductor industry and to try to reclaim some us dominance...
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Apr 8, 2024
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janet yellen was actually _ remain entrenched. janet yellen was actually in _ remain entrenched. janet yellen was actually in china _ remain entrenched. janet yellen was actually in china a _ remain entrenched. janet yellen was actually in china a year- was actually in china a year ago or last year, have things changed since then though? i think both countries have an interest at this point in trying to improve the mood music, if you will tox at least signal to the rest of the world that they're stabilising the relationship, that the relationship, that the relationship is being managed well. and i think you see that coming through clearly in the messaging. i have seen secretary yellen on a couple of different occasions saying, well, look, work remains to be done but we have really put the relationship on a more — on a more stable footing. i think she's acknowledging that she's not expecting any real breakthroughs in this — in this round of meetings. but she does want to emphasise to the outside world that the relationship is being stabilised. i think that's important for both
janet yellen was actually _ remain entrenched. janet yellen was actually in _ remain entrenched. janet yellen was actually in china _ remain entrenched. janet yellen was actually in china a _ remain entrenched. janet yellen was actually in china a year- was actually in china a year ago or last year, have things changed since then though? i think both countries have an interest at this point in trying to improve the mood music, if you will tox at least signal to the rest of the world that...
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Apr 9, 2024
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not everyone agrees with janet yellen. bloomberg opinion columnist david thinks her viewpoint is a protectionist disaster that could muddy done that zero omissions. yellen's complaints go against 200 years of economics, what is the problem? >> this is one of the most well attested arguments, doctrine of competitive advantage. janet yellen did an interview with the wall street journal where she said standard textbook economics would say if a country is selling you cheap goods you should buy them and send your thank you notes. i do not agree with that anymore is a paraphrase of what she said. this is a well attested lesson, a standard thing. look at tesla 10 years ago when they announced their first gigafactory and said they would produce in one year more batteries than the world produce the year before or go back and look at henry ford building the first modern factories and ford plants in detroit. this is a standard pattern in capitalism. if you think you have a competitive decision, you build capacity and that is what we
not everyone agrees with janet yellen. bloomberg opinion columnist david thinks her viewpoint is a protectionist disaster that could muddy done that zero omissions. yellen's complaints go against 200 years of economics, what is the problem? >> this is one of the most well attested arguments, doctrine of competitive advantage. janet yellen did an interview with the wall street journal where she said standard textbook economics would say if a country is selling you cheap goods you should...
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Apr 9, 2024
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it will go abroad, according to janet yellen. so she made that warning about flooding the market with cheaper subsidized goods under xi jinping's industrial mandate. but again, what is beijing going to do when consumer confidence and consumer spending and the domestic economy is sputtering? again, there will be a lot of debate on this going forward as it is an election year here in the u.s. and donald trump threatening further tariffs on chinese goods if he were to come back to the white house. you asked about the chinese response. in a commentary friday, they blasted yellen's xenophobic narrative of china's excess capacity. they said it smacks of creating a pretext of rolling out more protectionist policies to shield u.s. companies. he also heard from the vice finance minister who pushed back saying the current production capacity is far from meeting market demand. he was talking about green tech energy products like batteries and ev's, which i believe peter elstrom is here to talk about after me. paul: he is and we will get to
it will go abroad, according to janet yellen. so she made that warning about flooding the market with cheaper subsidized goods under xi jinping's industrial mandate. but again, what is beijing going to do when consumer confidence and consumer spending and the domestic economy is sputtering? again, there will be a lot of debate on this going forward as it is an election year here in the u.s. and donald trump threatening further tariffs on chinese goods if he were to come back to the white house....
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Apr 5, 2024
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treasury secretary janet yellen. she is trying to strengthen ties between the two countries, it is a crucial moment. this is one of the last few opportunities to strengthen those ties before the u.s. election, which is becoming a battle to who can be tougher on china, but janet yellen chiding the chinese government for which he called the unfair treatment of american and other foreign companies, also called in on beijing to return to the premarket reforms of the past saying chinese capacity is more than the global economy can bear. overcapacity for china becoming problematic now. we will keep across the rest of her four day visit to the country. europe has swapped russian lng for supply from the u.s. we will bring you a deep dive in europe's natural gas outlook and what it means for the energy transition. this is bloomberg. ♪ lizzy: time for our weekly deep dive into the green energy transition, europe is made it through winter with record gas storage levels and reduce reliance on russian gas committed instead to u
treasury secretary janet yellen. she is trying to strengthen ties between the two countries, it is a crucial moment. this is one of the last few opportunities to strengthen those ties before the u.s. election, which is becoming a battle to who can be tougher on china, but janet yellen chiding the chinese government for which he called the unfair treatment of american and other foreign companies, also called in on beijing to return to the premarket reforms of the past saying chinese capacity is...
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Apr 8, 2024
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paul: bloomberg's chris with janet yellen in china. chinese developers says china construction is winding up a petition in hong kong. petition involves a financial obligation of more than 200 dollars. loretta chen joins us from hong kong. we are learning more about the company saying it will oppose it, so where do we had from here? loretta: good morning. they used to be a major developer in china, their facing trouble including a petition from china construction bank. we are seeing these petitions piling up in the past year for developers. the most high-profile case we've seen is china evergrande which was liquidated. creditors are emboldened by the move of the hong kong court to liquidate and the risk of these companies getting a liquidation order is higher than ever. so what they were noting was that developers that have the most assets, sure mall has a lot of projects. hong kong and overseas. that makes it an easy target for creditors because they can -- the banks secure lending so they claim assets. on the other hand, two weeks ago
paul: bloomberg's chris with janet yellen in china. chinese developers says china construction is winding up a petition in hong kong. petition involves a financial obligation of more than 200 dollars. loretta chen joins us from hong kong. we are learning more about the company saying it will oppose it, so where do we had from here? loretta: good morning. they used to be a major developer in china, their facing trouble including a petition from china construction bank. we are seeing these...
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Apr 8, 2024
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janet yellen was in china a year _ entrenched. janet yellen was in china a year ago, _ entrenched. janet yellen was in china a year ago, have - entrenched. janet yellen was in china a year ago, have things . china a year ago, have things changed?— china a year ago, have things chanced? 1, _, , ., china a year ago, have things chanced? 1, , ., ., changed? both countries have an interest at this _ changed? both countries have an interest at this point _ changed? both countries have an interest at this point in _ interest at this point in trying to improve the mood music, if you will, to at least signal to the rest of the world that they are stabilising the relationship and the relationship and the relationship is being managed well. and i think you see that coming through clearly in the messaging. i thought secretary yellen on a couple of occasions saying work remains to be done but we have really put the relationship on a more stable footing. i think she is acknowledging that she does not expect any real breakthroughs in this round of meetings but she does want to emphasise to the
janet yellen was in china a year _ entrenched. janet yellen was in china a year ago, _ entrenched. janet yellen was in china a year ago, have - entrenched. janet yellen was in china a year ago, have things . china a year ago, have things changed?— china a year ago, have things chanced? 1, _, , ., china a year ago, have things chanced? 1, , ., ., changed? both countries have an interest at this _ changed? both countries have an interest at this point _ changed? both countries have an interest...
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this will be the last visit by janet yellen before the u.s. election. haslinda: bruce einhorn, thank you for that. hsbc's ceo noel quinn is pushing to improve his bank's wealth management capabilities in china and india. we spoke to him exclusively as the bank hosts its first global investment summit here in hong kong. noel: in 2023, the performance of our wealth and personal banking business in hong kong, we saw significant customer acquisition. we also saw around about 50% growth in our insurance and wealth business, in terms of new business last year. the facts are wealth management is continuing to develop and grow in hong kong. the liquidity base in hong kong today is higher than pre-covered levels. --pre-covid levels. i still see for hong kong is a vibrant financial center. capital markets are subdued but that is a function of still coming out of covid. the economy is waiting to recover, but we have seen early signs of the debt capital market starting to pick up as well. the facts support that hong kong still is a vibrant financial market. david:
this will be the last visit by janet yellen before the u.s. election. haslinda: bruce einhorn, thank you for that. hsbc's ceo noel quinn is pushing to improve his bank's wealth management capabilities in china and india. we spoke to him exclusively as the bank hosts its first global investment summit here in hong kong. noel: in 2023, the performance of our wealth and personal banking business in hong kong, we saw significant customer acquisition. we also saw around about 50% growth in our...
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Apr 3, 2024
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janet yellen are startinr washington. janet yellen are starting a — washington. janet yellen are starting a six-day _ washington. janet yellen are starting a six-day trip - washington. janet yellen are starting a six-day trip and i washington. janet yellen are starting a six-day trip and is| starting a six—day trip and is expected to press china on overcapacity and green technologies and what the us calls unfair trade practices. how tough do you think the talks will be? i how tough do you think the talks will be?— talks will be? i think there will be a — talks will be? i think there will be a number- talks will be? i think there will be a number of i talks will be? i think there will be a number of areas | talks will be? i think there i will be a number of areas where it will be pretty tricky for both sides. janet yellen has a ready made clear she wants to talk about the overproduction, particularly in ev and solar panels. china will disagree and they will want to strongly disagree because this is a country whose economy is in a bit of economy. yes, they sa
janet yellen are startinr washington. janet yellen are starting a — washington. janet yellen are starting a six-day _ washington. janet yellen are starting a six-day trip - washington. janet yellen are starting a six-day trip and i washington. janet yellen are starting a six-day trip and is| starting a six—day trip and is expected to press china on overcapacity and green technologies and what the us calls unfair trade practices. how tough do you think the talks will be? i how tough do you...
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Apr 9, 2024
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stephen: there were a couple of prickly issues janet yellen brought up. and that quote about russia's letteri capacity and the potential aiding of that from beijing. there are no allegations but just a warning. the treasury department telegraphed both for janet yellen went for this visit to beijing and that was the concern that subsidies from the government in two priority industries essentially new energy vehicles, high-capacity batteries and solar equipment will eventually flood the world with cheaper products as china works off its excess capacity and excess inventories at a time when the chinese domestic economy is sputtering and not soaking up that mistake manned. xi jinping highlighted at the national people's congress putting emphasis in new productive forces including new industries that will not slow down and there will not be an abatement in investment because that is a strategic priority from the top border from the government in china. it is a catch-22 for the united states. they will raise these issues no doubt but again, what can china do at
stephen: there were a couple of prickly issues janet yellen brought up. and that quote about russia's letteri capacity and the potential aiding of that from beijing. there are no allegations but just a warning. the treasury department telegraphed both for janet yellen went for this visit to beijing and that was the concern that subsidies from the government in two priority industries essentially new energy vehicles, high-capacity batteries and solar equipment will eventually flood the world...
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Apr 8, 2024
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first of all it| is quite striking to hear this from janet yellen. she has a reputation of being an established member of the biden administration when it comes to restrictions on trade and investment. the fact that she of all people is seeing this show is quite how much the thinking in washington has changed in the past few years. it is clear that is a lot of concern about the competitive threat coming from china in these sectors, e:g., solar, and so on. what is not so clear from what we have heard recently is exactly what the us is going to do about this. janet yellen was asked about this and talked about wanting to see shifts in china was not policy. as to exactly what the us policy is on these issues, we do not really know. that the us policy is on these issues, we do not really know.— do not really know. that is the issue. there _ do not really know. that is the issue. there reason _ do not really know. that is the issue. there reason i - do not really know. that is the issue. there reason i ask- do not really know. that is the issue. there re
first of all it| is quite striking to hear this from janet yellen. she has a reputation of being an established member of the biden administration when it comes to restrictions on trade and investment. the fact that she of all people is seeing this show is quite how much the thinking in washington has changed in the past few years. it is clear that is a lot of concern about the competitive threat coming from china in these sectors, e:g., solar, and so on. what is not so clear from what we have...
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your reaction to janet yellen in china once again this week. >> when janet yellen says that our relationship with beijing is more stable, what she's really saying is she's agreed to more dialogue, for instance on overcapacity. but as we talk, the chinese delay. as they delay, we do not get to meeting full solutions and they -- meaningful solutions and they continue to the flood our markets with goods that are overly subsidized by the chinese government. this is a disas disaster for u. her words sound nice. we've been talking to china for more than three decades about these issues. as we talk, china's actions he deteriorate. this is just not good for us. she should start talking about imposing costs on china and doing is now and then -- and then, maria, we might get somewhere. maria: yeah. and talking china for three dak decades, he they've been stealing intellectual property from american businesses and robbing, replicating and replacing our businesses and that you apparently didn't come up in her conversation. it's laughable that the chinese side is trying to say that it's america that's tr
your reaction to janet yellen in china once again this week. >> when janet yellen says that our relationship with beijing is more stable, what she's really saying is she's agreed to more dialogue, for instance on overcapacity. but as we talk, the chinese delay. as they delay, we do not get to meeting full solutions and they -- meaningful solutions and they continue to the flood our markets with goods that are overly subsidized by the chinese government. this is a disas disaster for u. her...
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Apr 8, 2024
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treasury secretary ja janet yellen urges a balancing act. >> can shift world prices. when the global market is flooded by artificially cheap chinese products, the viability of american and other foreign firms is put into question. >> we will hear from yellen in beijing at 11:00 a.m. cet. >>> and looking to compete with more banks and telling people it is a case study for the continent. >> we cannot rely on a crisis for the facilitation of merger of banks. there has to be a desire to facilitate. >>> european equities notching a subdued start to the week with the fed hopes of easing in june. >>> and tui is upgrading after ditching the london listing. we will speak to the ceo at 10:45 cet. >>> good morning. hope you had a fantastic weekend. let's look at the heat map which has more green than are moving upside in the early trade for the european stoxx 600. keep in mind we had a negative day on friday for the index. it had its worst performance since mid-february by .8%. over the course of the week, the stoxx 600 fell over 1%. a lot of concerns on the rate front stateside
treasury secretary ja janet yellen urges a balancing act. >> can shift world prices. when the global market is flooded by artificially cheap chinese products, the viability of american and other foreign firms is put into question. >> we will hear from yellen in beijing at 11:00 a.m. cet. >>> and looking to compete with more banks and telling people it is a case study for the continent. >> we cannot rely on a crisis for the facilitation of merger of banks. there has to...
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paul: let's get to janet yellen's press conference. she was saying the global economy might be adversely impacted by these factory exports from china. what was beijing's response to that? stephen: this is a push by xi jinping with the slowing and sputtering chinese economy. the emphasis on new industrial forces and three, ev's, batteries and solar panels. the concern that janet yellen raised in her trip to beijing was about overcapacity and investment if you want to call it subsidies into these industries and excess capacity has to go somewhere if the domestic economy is not aching up, it goes abroad in the form of cheaper exports for global trade, that is the argument. let me back up. first of all, beijing has been playing nice and listening to complaints across the table from janet yellen and has not according to u.s. officials blasted her across the table as a rebuttal, but we heard from the news agency in a commentary friday, they blasted her narrative of chinese excess capacity and the vice finance minister pushed back saying the
paul: let's get to janet yellen's press conference. she was saying the global economy might be adversely impacted by these factory exports from china. what was beijing's response to that? stephen: this is a push by xi jinping with the slowing and sputtering chinese economy. the emphasis on new industrial forces and three, ev's, batteries and solar panels. the concern that janet yellen raised in her trip to beijing was about overcapacity and investment if you want to call it subsidies into these...
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Apr 9, 2024
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caller: it is interesting from secretary janet yellen. the comment that she made, i think china is poised to try to take over our universe. it is a reflection we should all ponder. it is very important that we unify. divided, we will fall. host: what attitude should we take toward china generally? caller: china has been aggressive in all kinds of ways. now this so-called capitalist society needs to make sure all americans are included in this capitalist society. that is one of the issues. i will include everybody. host: that was terri in illinois. the hill reporting this morning, marjorie taylor greene keeping a fresh -- he being a fresh set of criticism on speaker johnson, laying out a list of grievances against the louisiana republican and explain her decision to follow a motion to oust him. marjorie taylor greene is threatening to force a vote to remove johnson and late into the speaker for a litany of reasons, arguing that he is not properly serving the gop conference. "i will not tolerate mike johnson serving the democrats and helpin
caller: it is interesting from secretary janet yellen. the comment that she made, i think china is poised to try to take over our universe. it is a reflection we should all ponder. it is very important that we unify. divided, we will fall. host: what attitude should we take toward china generally? caller: china has been aggressive in all kinds of ways. now this so-called capitalist society needs to make sure all americans are included in this capitalist society. that is one of the issues. i...
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Apr 5, 2024
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stern words from janet yellen? kailey: this is her second trip to china in nine months and in some ways a reiteration of the message that she has brought to china. she wants to see a level playing field for u.s. businesses operating there. she spoke about this with the american chamber of commerce in china talking about what she described as coercive actions or unfair economic practices, including imposing barriers to access for chinese companies citing a survey that found one third of american companies in china said that they are reporting unfair treatment compared to local competitors. china says that they want to encourage businesses in china. we heard from the vice premier ahead of his meeting with janet yellen saying that china wants to create a favorable environment for businesses and will deliver benefits to both countries and peoples. that is the wider objective of janet yellen strip, trying to normalize relationships between these different levels of government and their counterparts, including treasury s
stern words from janet yellen? kailey: this is her second trip to china in nine months and in some ways a reiteration of the message that she has brought to china. she wants to see a level playing field for u.s. businesses operating there. she spoke about this with the american chamber of commerce in china talking about what she described as coercive actions or unfair economic practices, including imposing barriers to access for chinese companies citing a survey that found one third of american...
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Apr 3, 2024
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now we look forward to janet yellen coming in a few days. overall both sides have a cordial discussion. lizzy: how does this set the stage for janet yellen's visit in the coming days, and then antony blinken in the coming weeks? james: i think both sides, janet yellen had an interview with the world street -- the wall street journal where she gave a speech laying out things she would speak to with the chinese, specifically on questions of capacity which the u.s. is talking more and more about, whether she will go into the details is remained to be seen that the u.s. government is concerned about what they see as a flight of exports going overseas. there were discussions on a number of other issues, fentanyl is a big one. we will see if janet yellen speaks to that but when the working group on fentanyl met earlier this year, there were people from the treasury and the bank of china who were part of that to talk about how to stop currency flows into the drug trade. there are a lot of different things they have to work on. we are hitting the im
now we look forward to janet yellen coming in a few days. overall both sides have a cordial discussion. lizzy: how does this set the stage for janet yellen's visit in the coming days, and then antony blinken in the coming weeks? james: i think both sides, janet yellen had an interview with the world street -- the wall street journal where she gave a speech laying out things she would speak to with the chinese, specifically on questions of capacity which the u.s. is talking more and more about,...
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Apr 7, 2024
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we have been hearing a lot from janet yellen on this trip about topics like electric vehicles and solar panels. why do you think she has made those topics such a priority? well, i think it's, first off, important to note that even though china is investing a lot of money in green energy, they're also the world's greatest greenhouse gas emitter, so let's keep that in perspective. but i think secretary yellen is focusing on those issues with a lot of intensity because china has invested a lot of resources for its own companies to be the dominant players in the 21st century for solar power and for electric vehicles. and once those technologies get to a critical mass, they're going to change a lot of our daily lives, and china wants its companies to be the ones controlling not only the vehicles and the solar panels that people and companies are buying, but they want to control the whole supply chain. and if america has learned anything from covid and the pandemic, we had a lot of critical supply chains running through china when the virus spread, and it impacted us in a whole host of really
we have been hearing a lot from janet yellen on this trip about topics like electric vehicles and solar panels. why do you think she has made those topics such a priority? well, i think it's, first off, important to note that even though china is investing a lot of money in green energy, they're also the world's greatest greenhouse gas emitter, so let's keep that in perspective. but i think secretary yellen is focusing on those issues with a lot of intensity because china has invested a lot of...
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Apr 8, 2024
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janet yellen still in china due to all the news conference later this morning. as she wraps up that trade. it is after talks that the pbs a governor had with her. she said she helped nations between washington and beijing which are more stable now. >> as the world's two largest economy, we have a duty to response by manage our compex relationship and to cooperate and show leadership on addressing pressing global challenges. >> for more on the trip we have jill. it was like yellen has had a delightful weekend cruising down the pearl river with the vice premier. it does he like janet yellen is washington's good cop in this entire situation in the u.s. china relationship. while she did spend her trip criticizing china for some issues, particularly overcapacity on importing cheap goods, generally it seems like it has been a pretty pleasant trip for her. this is her second trip in nine months. it generally has seemed like it has been pretty diplomatic. more details from janet yellen we have the press conference in just a couple hours. seems like there has been a dece
janet yellen still in china due to all the news conference later this morning. as she wraps up that trade. it is after talks that the pbs a governor had with her. she said she helped nations between washington and beijing which are more stable now. >> as the world's two largest economy, we have a duty to response by manage our compex relationship and to cooperate and show leadership on addressing pressing global challenges. >> for more on the trip we have jill. it was like yellen...
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Apr 2, 2024
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even janet yellen with a tough message i assume will be welcomed in china. paul: bloomberg political news director jodi schneider in washington, d.c. other geopolitical stories -- the white house calling for accountability after is really airstrikes in gaza killed 78 workers. among the dead are british, polish, australian and other volunteers. netanyahu admitted what he called an unintended strike on innocent people. they have called on several charities to suspend food deliveries to palestinians who the u.n. and others say are on the brink of starvation. i ran's supreme leader promised revenge on israel after a deadly strike on its embassy in syria. he said israel will regret its crime. israel has not confirmed it was behind the strike in damascus which tehran said it destroyed its consulate building and killed 13 people including military personnel. nato with funds for ukraine, $100 billion over five years. part of a package leaders would need to sign off on one they gather in washington in july. the proposal could take charge of weapons deliveries to ukra
even janet yellen with a tough message i assume will be welcomed in china. paul: bloomberg political news director jodi schneider in washington, d.c. other geopolitical stories -- the white house calling for accountability after is really airstrikes in gaza killed 78 workers. among the dead are british, polish, australian and other volunteers. netanyahu admitted what he called an unintended strike on innocent people. they have called on several charities to suspend food deliveries to...
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Apr 4, 2024
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janet yellen heads to china. and the israeli economy minister on an intense call expected between president biden and prime minister netanyahu. read chair jay powell sticking to the script as investors shift attention to payrolls tomorrow. raising the price target to $5,500. for us, the big surprise this year has not been the resilience of the economy but the substantial capitulation among the bears and the bearish community. jon, good morning to you. you're saying that the start of the year has been a short squeeze? john: in part a short squeeze. the jobs market is showing that there is resiliency. the consumer has slowed, but the consumer is still relatively resilient.we think the sustainability of resilience is the new operative phrase. it was an operative word last year, resilience, but now you have to add sustainability of resilience. jon: you were bullish, but that was independent of a view on the federal reserve. you said all along that the federal reserve may not cut that much, if at all, in 2024. that ha
janet yellen heads to china. and the israeli economy minister on an intense call expected between president biden and prime minister netanyahu. read chair jay powell sticking to the script as investors shift attention to payrolls tomorrow. raising the price target to $5,500. for us, the big surprise this year has not been the resilience of the economy but the substantial capitulation among the bears and the bearish community. jon, good morning to you. you're saying that the start of the year...
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Apr 7, 2024
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not just-upper biden, but also -- hunter biden, but also when janet yellen dose over there. you know, it's going to be a 4 or 5-day trip. they're she's going to visit chinese factories, and heir going to tell her why she can't make concessions on trade and they can't get talks started either. that's what the campaign people are afraid of. but apparently president biden himself gave janet yellen specific instructions that she's to do this trip and emphasize the word stability, say we've restore thed stability, use this phrase the spirit of san francisco from when biden met xi jinping. and so in trump's time after about two years, he had negotiations going. there were concessions being made. the biden people are not able to make the chinese come to the table and negotiate. but they know that china apparently wants biden to win. so this is a delicate trip -- rachel: right. >> heavy got to seem to be nice -- they've got to seem to be nice to janet yellen but actually make no concessions and not start any talks. rachel: right. >> the eye of the needle kind of thing. [laughter] ra
not just-upper biden, but also -- hunter biden, but also when janet yellen dose over there. you know, it's going to be a 4 or 5-day trip. they're she's going to visit chinese factories, and heir going to tell her why she can't make concessions on trade and they can't get talks started either. that's what the campaign people are afraid of. but apparently president biden himself gave janet yellen specific instructions that she's to do this trip and emphasize the word stability, say we've restore...
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Apr 9, 2024
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host: that was treasury secretary janet yellen. we will hear from rick from boston, democrats line. good morning. caller: can you hear me?
host: that was treasury secretary janet yellen. we will hear from rick from boston, democrats line. good morning. caller: can you hear me?
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Apr 5, 2024
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bloomberg's chris condon, who is traveling with janet yellen. plenty more ahead. to be here with us. this is bloomberg. -- keep it here with us. this is bloomberg. ♪ ♪ ♪ ♪ ♪ ♪ ♪ give into the rhythm of the islands and delight in a caribbean state of mind. visit sandals.com or call 1-800 sandals. to me, harlem is home. but home is also your body. —last one everyone. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick—and—mortar in new york is not easy. chase ink has supported us from studio 1 to studio 3. when you start small you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card. make more of what's yours. ♪ haslinda: samsubg electronics -- samsung electronics saw a sharp rebound in profit. preliminary operating profit stood at $5 billion, beating analyst estimates. the strong results reflect a turnaround in the company's pivotal chip division and the robust sales of its galaxy smartphones. it snaps a run of consec
bloomberg's chris condon, who is traveling with janet yellen. plenty more ahead. to be here with us. this is bloomberg. -- keep it here with us. this is bloomberg. ♪ ♪ ♪ ♪ ♪ ♪ ♪ give into the rhythm of the islands and delight in a caribbean state of mind. visit sandals.com or call 1-800 sandals. to me, harlem is home. but home is also your body. —last one everyone. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick—and—mortar in...
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Apr 9, 2024
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us treasury secretary janet yellen has wrapped up four days of meetings in china with a warning that the us will not accept new industries being decimated by chinese imports. during a press conference, yellen said us presidentjoe biden would not allow a repeat of the china shock of the early 20005, when a flood of chinese imports destroyed around 2 million american manufacturing jobs. when the global market is flooded by artificially cheap chinese products, the viability of american and otherforeign firms is put into question. and we've seen this story before. over a decade ago, massive prc government support led to below—cost chinese steel that flooded the global market and decimated industries across the world and in the united states. i've made clear that president biden and i will not accept that reality again. let's turn now to the ongoing territorial dispute in the south china sea. that issue is on the agenda for leaders from the philippines, japan and the us this week. they're meeting in washington on thursday to discuss security and defence issues. deborah elms from the hin
us treasury secretary janet yellen has wrapped up four days of meetings in china with a warning that the us will not accept new industries being decimated by chinese imports. during a press conference, yellen said us presidentjoe biden would not allow a repeat of the china shock of the early 20005, when a flood of chinese imports destroyed around 2 million american manufacturing jobs. when the global market is flooded by artificially cheap chinese products, the viability of american and...
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Apr 3, 2024
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that's as the us treasury secretary janet yellen embarks on her second trip to china in less than a year. erin delmore has the details. the phone call marked the first one—on—one communication between us presidentjoe biden and china's president xi jinping since november, and they had a lot of ground to cover. the risks associated with rapidly developing ai technology and military communications, and the trafficking of illicit drugs like fentanyl. a white house summary of the call included a few others, like china's "unfair trade policies" and preventing access to advanced us technology. and on the chinese side, president xi reportedly called us support for any taiwanese independence effort "a red "line" and accused the us of trying to suppress china's development of advanced technology. over four days of meetings, treasury secretary janet yellen is expected to meet with some china's top political and economic officials, as well as american business leaders and chinese professors and students. she is expected to warn china against flooding the market with cheap clean—energy exports,
that's as the us treasury secretary janet yellen embarks on her second trip to china in less than a year. erin delmore has the details. the phone call marked the first one—on—one communication between us presidentjoe biden and china's president xi jinping since november, and they had a lot of ground to cover. the risks associated with rapidly developing ai technology and military communications, and the trafficking of illicit drugs like fentanyl. a white house summary of the call included a...
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janet yellen focus on chinese overcapacity concerns, she warned the u.s. will not except new industries being decimated by chinese imports. she cleaned the u.s. china relationship is out of war stable footing in your exchange with chinese officials advancing american interest. haven't we've been hearing this for a long time there were not going to accept this or that from the chinese communist party and at the end of the day we accept everything. she did not make any threats of tariffs or any threats of sanctions, the chinese will keep doing what they could do, the chinese comet's party not the people, the ccp, what are your thoughts, here they are in a bar having beers. >> what china does, their overproduction and by state owned enterprises by the way because of the subsidies that they receive that is how they can undercut what is taking place back here with american business and that means jobs for us and the impact on our eco economy. as we know full well, china has destroyed our textile industry, destroyed our furniture industry, was making a move on d
janet yellen focus on chinese overcapacity concerns, she warned the u.s. will not except new industries being decimated by chinese imports. she cleaned the u.s. china relationship is out of war stable footing in your exchange with chinese officials advancing american interest. haven't we've been hearing this for a long time there were not going to accept this or that from the chinese communist party and at the end of the day we accept everything. she did not make any threats of tariffs or any...
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Apr 3, 2024
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paul: so we've got janet yellen heading back to china this week. is that going to move the needle on any of the issues? jill: we will see. what janet yellen is really concerned about is industrial overcapacity in china. this idea that by providing subsidies to its companies, the chinese government is contributing to an unfair economic advantage that a lot of chinese companies have the world over. janet yellen has made appearances at companies in the u.s.. a solar panel company in georgia. they had to shut down because of imports from china being so cheap. i bet that's going to be her major point of contention as she heads to china this week. i think that would be interesting. she's obviously made a previous visit to china. i'm not sure how much that will move the needle on those discussions. the fact that it is ramping up as another point of contention that the u.s. has on china. haidi: our news desk editor there. some of the other stories we are tracking when it comes to these major economies. china has dethroned the u.s. to become the top alignme
paul: so we've got janet yellen heading back to china this week. is that going to move the needle on any of the issues? jill: we will see. what janet yellen is really concerned about is industrial overcapacity in china. this idea that by providing subsidies to its companies, the chinese government is contributing to an unfair economic advantage that a lot of chinese companies have the world over. janet yellen has made appearances at companies in the u.s.. a solar panel company in georgia. they...
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Apr 4, 2024
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janet yellen is the us treasury secretary, making her second trip to china in recent months, and she has a ready indicated that one of the issues she plans to raise is about overcapacity, that china�*s factories are producing too much, specifically in certain areas, things like solar panels, electric cars, electric batteries for cars, and other clean energy focused technology, and they�*ll worried that is going to be essentially dumped on the rest of the world, that is going to depress prices and potentially put pressures on producers in other countries. she has a ready given some preview, saying it is notjust america that is worried about this, mexico, europe and japan have also been mentioned. when she was speaking to reporters at a stop in alaska en route to china yesterday,, she said the us had not ruled out a range of actions potentially including tariffs or other sort of trade measures. 0k, we have to leave it there. thank you forjoining us. the veteran american hard rock band kiss has sold its music catalogue, brand—name, likeness and trademarks to the swedish music inve
janet yellen is the us treasury secretary, making her second trip to china in recent months, and she has a ready indicated that one of the issues she plans to raise is about overcapacity, that china�*s factories are producing too much, specifically in certain areas, things like solar panels, electric cars, electric batteries for cars, and other clean energy focused technology, and they�*ll worried that is going to be essentially dumped on the rest of the world, that is going to depress...
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Apr 30, 2024
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congresswoman, this is a talking point that janet yellen put out in this statement. let's be clear with this budget for 2025. $7.3 trillion budget includes $5.5 trillion in the new tax increases. what do you want to get from janet yellen today in that testimony? >> it's incredible. we're going to be asking her about that today. the worst thing you you can do n the situation we're in is to add taxes and disen sensitiveize work. people need to go to work, we need to pass the provisions that are helping small business that made incredible progress on growth. it's all about growth. we're never going to pay off the debt that has been created under joe biden with all of the give-aways and all that we did during the covid. this is going to be really -- a really interesting meeting with janet yellen and all she's talking about is the same old talking points on raising taxes and giving more give-aways. it's going to be disastrous. but let's hope we can get some kind of movement out of her in the direction of agreement it's the only way out of the mess we're in. maria: we had
congresswoman, this is a talking point that janet yellen put out in this statement. let's be clear with this budget for 2025. $7.3 trillion budget includes $5.5 trillion in the new tax increases. what do you want to get from janet yellen today in that testimony? >> it's incredible. we're going to be asking her about that today. the worst thing you you can do n the situation we're in is to add taxes and disen sensitiveize work. people need to go to work, we need to pass the provisions that...
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Apr 5, 2024
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our colleagues will speak to janet yellen on monday. make shoure you do not miss tha interview at 11:15 cet. >>> samsung expect a tenfold rise in the first quarter profit as prices rebound ahead of the expec expectations. >>> we will see u.s. jobless claims hit a record high of 221,000 and continuing claims fell slightly to 1.79 million. analysts expect job growth to slide to 200,000 from 275,000 in the previous month. i'm pleased to say we have neal wilson with us. i was referencing what markets are expecting in the non-farm payroll today. what do you think it will bring today for investors? >> i think the market is a hope machine. it would love to see the number below 15150. i think it will be within that range. the adp numbers were 185,000. consistent, but higher than last month. i think the important thing is to focus on the wages. right now, wages year over year are 4.1% higher. that was the figure in february. we will see what it is here. i do think that the fed is -- as mohamed el-erian stated in the clip, he said they should be
our colleagues will speak to janet yellen on monday. make shoure you do not miss tha interview at 11:15 cet. >>> samsung expect a tenfold rise in the first quarter profit as prices rebound ahead of the expec expectations. >>> we will see u.s. jobless claims hit a record high of 221,000 and continuing claims fell slightly to 1.79 million. analysts expect job growth to slide to 200,000 from 275,000 in the previous month. i'm pleased to say we have neal wilson with us. i was...
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Apr 8, 2024
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. >>> treasury secretary janet yellen janet yewrapping up her whine. she spoke to cnbc's sara eisen. >> it shows the u.s. is firing on all cylinders. inflation is coming down. the job market is very strong. growth is really a lot stronger than i would have expected at this stage. we had 3.1% growth last year. inflation is coming down. labor supply is up. >> comments on a strong economy. sara will join us at 6:30 a.m. eastern with more of the interview. >> interested to hear what she has to say after all of this and the reports with the information from the press conference and how much tension and distrust there has been this weekend with the meetings. i don't know that is the case. >> she started the comments in the press conference with the idea that things have gotten better over the last year. it will be interesting to hear what sara thinks. >> i think what janet yellen is saying, i'm sure, she feels genuinely about that. the other reports and reporters who seem to be writing about this seem to think things have been more compliccomplicated. >>> ta
. >>> treasury secretary janet yellen janet yewrapping up her whine. she spoke to cnbc's sara eisen. >> it shows the u.s. is firing on all cylinders. inflation is coming down. the job market is very strong. growth is really a lot stronger than i would have expected at this stage. we had 3.1% growth last year. inflation is coming down. labor supply is up. >> comments on a strong economy. sara will join us at 6:30 a.m. eastern with more of the interview. >> interested...
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Apr 8, 2024
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it's 1:20 in the morning, but this is a big story, and janet yellen, treasury secretary just wrapped up a very busy few days. first in guangzhou in the south which is the advanced manufacturing hub and then here in beijing. we followed her from the great hall of the people where she met with the number two leader premier li to local lunch with the beijing mayor to meet with students at peking university. overall, she was very well received and she said this afternoon in a news conference that the ambassador's residence that chinese-u.s. relations are on a firmer footing, a better place than they were a year ago. however, she did deliver two tough messages, confrontational messages in particular as they relate to china and the economy. she did spend a great deal of time complaining about overcapacity and china flooding the world with cheap evs and solar panels and she also threatened real consequences if chinese companies help russia help fuel its war machine against ukraine. so i asked her whether sanctions on china's companies were coming. listen. >> it's not only chinese companies.
it's 1:20 in the morning, but this is a big story, and janet yellen, treasury secretary just wrapped up a very busy few days. first in guangzhou in the south which is the advanced manufacturing hub and then here in beijing. we followed her from the great hall of the people where she met with the number two leader premier li to local lunch with the beijing mayor to meet with students at peking university. overall, she was very well received and she said this afternoon in a news conference that...
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Apr 4, 2024
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janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from china, but says trade must be on a level playing field. good morning, welcome to thursday. jay powell sticking to the script yesterday, wait and see mode is still where the fed is at, and that gave relief to stocks and bonds yesterday. futures pointing to an even higher opening this morning on both sides of the atlantic. if we flip over to the cross as a picture, ultimately, the fed chair's comments didn't really move the dial when it comes to where the markets are in terms of bets for when the fed cuts are coming. you had treasuries ending broadly higher yesterday, but now steady. and now all eyes turn to the jobs report tomorrow. remember, powell said last month that unexpected weakening in the labor market could warrant a policy response from the fed. you have got the dollar a touch weaker, its close relationship with the fed bets seems to have evaporated, but gold very much listening to powell. the yellow metal settling above $2300
janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from china, but says trade must be on a level playing field. good morning, welcome to thursday. jay powell sticking to the script yesterday, wait and see mode is still where the fed is at, and that gave relief to stocks and bonds yesterday. futures pointing to an even higher opening this morning on both sides of the atlantic. if we flip over to the cross as a picture, ultimately, the fed chair's comments didn't...
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your reaction to another trip janet yellen is taking, has taken, on the ground in china. i don't see them coming here all the time but feels like the us is begging for this relationship with beijing, feels like it is 1-sided. how do you see it? >> great to be with you. we need to unpack what the treasury secretary just said. she used the word dialogue, that was the catchphrase of the obama administration, lots of strategic dialogues but what we should be focusing on is china's behavior and that is only worsening with things like the counterespionage law, the detention of foreign nationals including dual citizen chinese americans, raids on american businesses. that's one aspect of this, you have to look at their behavior but secondly, she mentioned the word decouple, china's trying to decouple from the united states, while it is nice the treasury secretary says that, it doesn't really reflect the reality of the relationship. thirdly, the biden administration has made a huge push for electric vehicles in the united states. that has made us more dependent on communist china
your reaction to another trip janet yellen is taking, has taken, on the ground in china. i don't see them coming here all the time but feels like the us is begging for this relationship with beijing, feels like it is 1-sided. how do you see it? >> great to be with you. we need to unpack what the treasury secretary just said. she used the word dialogue, that was the catchphrase of the obama administration, lots of strategic dialogues but what we should be focusing on is china's behavior...
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Apr 18, 2024
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the way that janet yellen spe are not going to stand in their way. if the fed doesn't change interest rates, somehow the asian countries are going to take it into their own hands. we may see a few asian countries at the same time buying their currencieses. they will be quite e febtsive. we're probably reaching a pointed where they can't stand it much more. they are going to take it into their own hands. once they stabilize the currencies, you'll probably start to see some improvements. you would expect asian currencies will end stronger than they are now. haslinda: lisa, you get the final question. i'm looking to go to japan of course. when it comes to lux brands, they tend to equalize the prices. are they likely to do that? >> like you said, these big luxury brands are quite savvy. they want to equalize prices globally. however what you're seeing with the yen is that it is fluctuating. it keeps getting weaker. the volatility. there is a lot of volatility. you have a very savvy shopper, you're here in japan holding stronger currency, you able to scor
the way that janet yellen spe are not going to stand in their way. if the fed doesn't change interest rates, somehow the asian countries are going to take it into their own hands. we may see a few asian countries at the same time buying their currencieses. they will be quite e febtsive. we're probably reaching a pointed where they can't stand it much more. they are going to take it into their own hands. once they stabilize the currencies, you'll probably start to see some improvements. you...
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Apr 8, 2024
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appreciate him >> still to come us treasury secretary janet yellen has her last meetings in china on the final day of her diplomatic trip. we're live in beijing with the very latest >> there's debris in the guy, erez, husbands and wives gone. >> i wish i could've done something differently. you can just make it better for those that follow space shuttle columbia, the final flight, two part finale next sunday at nine on i was scared when i was told age-related macular degeneration could jeopardize my vision. it was hard, but taking present the vision was easy preservation as the exact clinically proven, a red two formula recommended by the ndi. >> i'm taking control like millions of others. >> so would you get to nashville hot tenders and three remainder an orange tenders >> what about you? three classic tenders for big butterfly shred for the current baby. >> i said, always a competition. >> you can't handle the shrimp see about that. >> yeah, we will always dry scope before you run >> hot dog died, god makes sure it's time we listened to science one a day is formulated with key nutr
appreciate him >> still to come us treasury secretary janet yellen has her last meetings in china on the final day of her diplomatic trip. we're live in beijing with the very latest >> there's debris in the guy, erez, husbands and wives gone. >> i wish i could've done something differently. you can just make it better for those that follow space shuttle columbia, the final flight, two part finale next sunday at nine on i was scared when i was told age-related macular...
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Apr 5, 2024
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. >>> and janet yellen kicking off the meetings with leaders this morning. the changes she is calling for in beijing. >>> and fresh fears to markets here and abroad. thankfully our steve sedgwick is along the waters of beautiful lake como in italy talking to the brightest minds out there and if the fears are warranted. i'm jealous, steve. >> you should be, dom. it is the plum assignment in the cnbc organization. i have been doing work and speak tog speakinging to the chief economist at wells fargo and we have been talking about the issues coming up here on "worldwide exchange." at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financi
. >>> and janet yellen kicking off the meetings with leaders this morning. the changes she is calling for in beijing. >>> and fresh fears to markets here and abroad. thankfully our steve sedgwick is along the waters of beautiful lake como in italy talking to the brightest minds out there and if the fears are warranted. i'm jealous, steve. >> you should be, dom. it is the plum assignment in the cnbc organization. i have been doing work and speak tog speakinging to the...
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Apr 4, 2024
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. >>> and janet yellen is en route to china set to meet with leaders there. the items on her agenda for her sitdowns in beijing. we have a very busy hour still ahead when "worldwide exchange" eaturns afteth cmeia r isomrcl r isomrcl brk. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. not all caitlin clarks are the same. caitlin clark. city planner. just like not all internet providers are the same. don't settle. you want fast. get fast. you want reliable. get reliable. you want powerful. get powerful. get real deal speed, reliability and power with xfinity. she s
. >>> and janet yellen is en route to china set to meet with leaders there. the items on her agenda for her sitdowns in beijing. we have a very busy hour still ahead when "worldwide exchange" eaturns afteth cmeia r isomrcl r isomrcl brk. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the...
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and i was sitting between karine jean-pierre and janet yellen. and evie was across the table next to janet yellen's husband d they have these things there. these are the little place, the place name holders. it's a little eagle. it's an eagle, if you can see that and you put a card in the middle of it so it says you know, mr. stephen colbert. evelyn cgee colbert, whatever like that and i thought boy, i'd really love to steal that. [laughter] you know? >> louis: so you did. stay when i'm not sure whether i said steal. i thought that would be cool to have. that would be cool to have. and evie was like we can't take that. we can't do that. and, and then, and then i said i guess we can't and janet yellen sitting next to me goes "oh, take it." oh evie takes this and put that in her pocketbook and i have it. there it is right there. i feel bad. i feel bad. so we will be returning the little gold plated brass name holder to the white house. i don't want to be on the wrong side of the law. hopefully will not get trouble for it but if we do get in trouble
and i was sitting between karine jean-pierre and janet yellen. and evie was across the table next to janet yellen's husband d they have these things there. these are the little place, the place name holders. it's a little eagle. it's an eagle, if you can see that and you put a card in the middle of it so it says you know, mr. stephen colbert. evelyn cgee colbert, whatever like that and i thought boy, i'd really love to steal that. [laughter] you know? >> louis: so you did. stay when i'm...
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janet yellen is going to go back again. antony blinken is going to go back again. what's happening. >> china is a predator on so many fronts, economic preed r p, certainly military predators and from an economic standpoint as well. when i hear the white house talking, i understand some of the conversation between president xi and president biden was constructive. what they talked about with regard to tiktok i think president biden made clear what he's looking for is not a ban. he's looking for a divestiture. i think that's the path that chuck schumer will have to figure out as he brings the bill to the floor. they're talking about production china is undertaking of green energy products and flooding the market with it. they're taking a champion industry, subsidizing it and flooding the market with it. what i would have loved to hear more about is how president biden is holding china accountable. i wish he would hold them accountable for purchasing energy from russia and iran. maria: why doesn't he hold xi jinping accountable? your point about flooding the market wi
janet yellen is going to go back again. antony blinken is going to go back again. what's happening. >> china is a predator on so many fronts, economic preed r p, certainly military predators and from an economic standpoint as well. when i hear the white house talking, i understand some of the conversation between president xi and president biden was constructive. what they talked about with regard to tiktok i think president biden made clear what he's looking for is not a ban. he's...
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Apr 18, 2024
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janet yellen just back anthony palenque, trying to get the communication going between the u.s. and china. lloyd austin speaking to china's defense minister on tuesday claiming to reestablish top-level military communication for the country for 2022 this was austin's first time speaking to the defense minister who took over the role back in december. we have no evidence that received real communication between the two militaries but this is apparently why the biden administration keep sending cabinet members there begging for a report. >> the chinese look at this and treat the united states as vassals because we goaded beijing. by the way the defense minister is not really a top chinese military official. lloyd austin counterpart in the chinese system is xi jinping in his role as chairman of the communist party central military commission. china always had our senior officials talk to mid-level chinese officials because they believe that the way that they can demonstrate that there in a superior position. we need to stop this. if lloyd austin wants to talk about military matters
janet yellen just back anthony palenque, trying to get the communication going between the u.s. and china. lloyd austin speaking to china's defense minister on tuesday claiming to reestablish top-level military communication for the country for 2022 this was austin's first time speaking to the defense minister who took over the role back in december. we have no evidence that received real communication between the two militaries but this is apparently why the biden administration keep sending...
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Apr 8, 2024
04/24
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what i worry about, and it brings me back to janet yellen, that janet yellen is correct in the moment. what i think happened last fall was very interesting. when we saw the ten-year pump to 5%, why did it bump to 5%? not because the fed was doing anything. not because there were different expectations for cuts or hikes. why? because the u.s. credit, when the world saw how fiscally irresponsible we are, the u.s. credit on the curve bumped up. that's where it gets dicey. maybe earnings can't work as well as they need to to get to that -- >> haven't we learned our lesson, that being right in the moment is all that mattered for this market, or you missed it. if you were preoccupied for the last 18 months with the what-if, you lost? you were not fully invested in equities, you were not invested in the right things, and you missed an unbelievable rise in stocks -- i am not saying you can be fully invested in equities -- >> you knew where i was going. >> yeah. if you spent the what if, what if, what if over the last 18 months and that colored your investment -- >> you are right. >> can i fie
what i worry about, and it brings me back to janet yellen, that janet yellen is correct in the moment. what i think happened last fall was very interesting. when we saw the ten-year pump to 5%, why did it bump to 5%? not because the fed was doing anything. not because there were different expectations for cuts or hikes. why? because the u.s. credit, when the world saw how fiscally irresponsible we are, the u.s. credit on the curve bumped up. that's where it gets dicey. maybe earnings can't work...