committee mark warner and marco rubio. >> president biden is reportedly close to issuing an executive order when it comes to restrictions on u.s. investments in china. but there's concern about risking further escalation. what's your view on how far that action should go? >> the chinese have found a way to use capitalism against us, what i mean by that, the ability to attract investment into entities that are deeply linked to the state. the military fusion that exists in china is a concept we don't have in this country. we have contractors that do defense work, but there is no distinction in china between biomedicine and whatever it mightnd be and the interest of the state. the third is the risk posed we at this point have not had levels of transparency in terms of auditing into these companies. when you invest in these companies in u.s. exchangings you don't have as much information about the book keeping of those companies as

you would in an american or european company because they refuse to comply with those restrictions. there's the systemic risk to our investments and then also the geopolitical reality that american capital flows are helping to fund activities that are designed to undermine our national security. >> beginning of the 20th century i was a believer the more you bring china into the world order, the more things will be copacetic. we were wrong. the congress party under president xi, my beef is with the communist party, not the chinese people, but they basically changed the rules of the road. they made clear in chinese law that every company in china's ultimate responsibility is to the communist party. not that their customers or shareholders. we have in a bipartisan way didn't get a lot of attention, over the last seven years v been out and we've done 20 classified briefings for industry sector after industry sector, about these risks. frankly, precovid, we kind of got nods, but, you know, some

pushback because a lot of companies were making -- >> just wanted access to the market. >> chinese tech companies. post-covid, i think there is an awakening that this is a real challenge, and i think the good news is, that not only is there an awakening in america, but a lot of our allies around the world are seeing this threat as well. >> you want restrictions on biotech, battery technology, semiconductors, artificial intelligence? >> i want an approach that says we need to look at foreign technology investments, development, regardless of the country, if it poses a national security threat and have some place that can evaluate this. we need to systemically look at this. frankly, it goes just beyond the cfius legislation about inbound or outbound legislation. >> 20 years ago, everybody thought capitalism would change china and we woke up to the

realization that china changed capitalism and used it to their advantage and our disadvantage and not from an old soviet perspective to take us on from a geopolitical or military perspective but from a technological and industrial perspective. you have seen the largest theft and transfer of intellectual property occur over the last 15 years, some funded by american taxpayers. >> they have the biggest hacking ability program than any other nation, the intelligence community says they're the world leader in surveillance, censorship. how restricted should their ability to access this market be? >> i think it is nearly impossible for any chinese company to comply with both chinese law and our expectations in this country. chinese law is clear. if you're a chinese company and we ask you for your data, for your information, for what you have or we ask you to do something you do it or you won't be around. >> you want to ban chinese companies from investing in america? >> there's certain investments there's no way we can protect the country from doing it. tiktok, why do we care about

what some 16-year-olds are doing. i don't think the threat is some 16-year-old likes cool videos on there, which i admit are attractive because of the artificial intelligence makes it so. it's the massive amount of data they're collecting not on one 16 or 1,000, 16-year-olds, but mills of americans that give them the advantage of being able to shape opinion in the time of crisis, that just give them an extraordinary insights that allow them to steer the conversation in this country in any direction they want. >> this has been talked about for three years now. the trump administration tried to ban it. the biden administration still hasn't pulled the trigger. >> maybe we were all slow to recognize the challenge here. it is both a data collection entity. it may not collect as much as some of our american platforms but at the end of the day it's responsible to the communist party. but think about this, margaret, 138 million users in america use tiktok on a regular basis. average about 90 minutes a day. the fact is, the algorithms that

determine what you see, on tiktok, is determined out of beijing by china and the proof is, if you look at what chinese kids are seeing on their version of tiktok, which emphasizes science and engineering, versus what our kids and the kids around the world are seeing, is different. from a propaganda tool it's of huge concern. >> cbs spoke to tiktok about their plans and the company had come to an agreement over the summer in terms of how they could structure things to separate and create a wall to protect against some of these concerns. they said they can continue operating in the u.s. offering data protections. do you know what they're offering and you're laughing so i'm guessing this isn't sufficient? >> i don't know what the protections are, but it's beyond the data protection. i filed a bill to ban it last year. some people are not willing to go that far, but it's the right place to be. we have to do something about it, whether a ban or something

else. i don't know -- as i sit here with you today t, i don't know how our national security interests and tiktok in this country owned by bite dance can coexist. >> you want to force a sale? >> i've been wanting to do that for three years. >> i may have a different approach. sit down and see how we can work through this. but i've been hearing and trying to give the biden administration now more than two years to see, is there a technical solution here? i would be willing to take a look at it. the biden administration has not announced that. the problem is, this is technically extraordinarily hard to do. tiktok has repeatedly said oh, america's data, not seen in china and repeatedly we've seen chinese engineers having access to american data. >> it's already been downloaded 200 million times. how do you convince a 16-year-old to get rid of the app. isn't this hard to put it back in the tube? >> absolutely. this is one of the reasons why i think congress has been horribly unsuccessful at this.

i've been saying for years, we may not fully agree on this, but on all these social media companies a lot of good, but there's a dark under belly and the fact that united states historically we would have set some rules of the road for these entities in terms of standards, in terms of protocols, in terms of appropriate behavior and in terms of questions like even the basic privacy, but our failure to do so has mean we have ceded that leadership, oftentimes to the europeans or to individual states, and i think that's, frankly, a loss of american leadership. most of my lifetime we led in every innovation area. we woke up with 5g wireless communication where china was, you know, setting the standards. we woke up an industry like semiconductor chips and woke up, we used to own this and we've lost it. we've seen the solar industry, where it's all migrated to china. think about this notion around quantum computing, the ability

to break any kind of encryption or artificial intelligence, those technologies are driven by an authoritarian regime out of china. you know, i don't care where you fall in america, that's not good news or for free people anywhere in the world. >> aren't you going to run head long into business interest rates here in the united states? just look at elon musk, the u.s. government relies on his company spacex. he has a majority in car company tesla, control over the internet connection in ukraine over starlink and owns twitter. you said there's no one in the world more dependent on the communist party than elon musk. >> my concern is, if you look at mr. musk's public statements, they're almost all supportive of the oversight regime in china and they're almost all derogatory about the oversight regime in america and in europe. part of that, i think, whether it's knowingly or not, is where

does he get all his batteries that go into all these teslas? they are, you know, built in china, mostly, frankly, with a lot of uyghur labor and senator rubio has been the leader on trying to make sure the chinese party's treatment of the uyghur people is prohibited and i've yet to hear from mr. musk how that kind of contradiction about the cc in china and what he's dealing with with uyghur labor will not influence some of his decisions. >> it's beyond elon musk. business interests have invested in the chinese market and means of production and allowed them in many cases to be deputized, that includes the finance and investment world, to come to washington and argue for things that are against the national interest rates but in favor of their short and midterm profit line for their investors and company. >> senator rubio, as a conservative you have to feel a little bit uncomfortable with talking about government intervention in private industry. but that has been the u.s.

solution in some ways to the semiconductor issues you were raising, the subsidy, to try to bring chip making back to america. >> well, i would argue this, i don't believe in government intervention in the private sector, but i believe in government intervention in national security. >> these are subsidies. >> capitalism is going to give you the most efficient outcome, but sometimes what do you do when the most efficient outcome is not in our national interest? it's more efficient to buy rare earth minerals from the chinese, more efficient to have things built over there, but is it in our interest to depend on them for 87% of the ingredients in our pharmaceuticals. where the market efficient outcome is not in our interest it's in my opinion we default to the national interest. the other things won't matter. we are not a market. we're a nation. the market exists to serve the market. not the nation to serve the market. the $50 billion that taxpayers pumped into to the chips bill and semiconductors, that's just the start. you think other legislation is

coming. >> one of the reasons that it took us $52 billion and that was for semiconductors and next generation wireless, was because candidly, we went asleep at the switch for a long time and we had to suddenly play catch-up because we had seen china advance and also seen taiwan, our friend and one of the reasons we need to be supportive, where frankly every advanced chip in all of our satellites and sea craft are made in taiwan. we were chasing after the fact. if we can get ahead on some of these key areas, i don't think we will need that kind of investment. but we are going to need to make sure we've got a plan in place to make sure that these new technology domains don't all end up in china. >> we need to identify what are the critical industries and capacities our country needs to be able to have without being leveraged or having to go through the chinese to get it. and then we need to figure out what government's role is. i want to make sure we're not turning this into a lobbyist trial where every one gets

money. we have to make sure the research gets protected. what's the point of putting billions of dollars to innovate something that they're going to steal anyway? this is not about government running or owning the companies. we're not going to rely on the chinese to make it for us because we'll be denied that capability in a time of conflict. >> can you get that through a divided congress? >> i think if there's one issue that still is extraordinarily bipartisan, it is a growing concern about china and a recognition that in this technology race, second place is not good enough for us. >> we haven't had a bipartisan interview like this in about three years. so to see a democrat and a republican sit down and talk about issues of substance, is great to see. >> thank you. >> thank you both. >> we'll be right back.

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one day after the video of

tyre nichols was made public the memphis police shut down its s.c.o.r.p.i.o.n. unit including the five officers that have been charged with second-degree murder. we go to former democratic congresswoman val demings who spent 27 years with the orlando police department, including four years as its chief. it's good to talk to you. >> margaret, thank you. it's good to be with you. >> what was your reaction when you saw the video of these five officers beating tyre nichols? >> as someone who spent 27 years in law enforcement, started out as an officer on midnight shift patrol and served in every rank, served as the chief of police, i've seen police at its best and worst. what i saw in the video was shocking and appalling. the gruesome beating, my heart goes out to the wells nichols family, it goes out to his community. i so appreciate the words from

miss wells when she not only talked about the gruesome death of her son, but also spoke to the five officers involved by saying that you've disgraced yourselves and your own families. so as a career law enforcement officer, i could not believe what i was seeing. >> it stood out to me that those five officers in memphis were between the ages of 24 and 32 years old. they were all hired within the lst six years. is this an experience problem? is this a bad cop problem? >> you know, margaret, it is so important that we look at, as police executives and, you know, there's not much of an appetite, we know, in washington, d.c., now to come up with the national standards that i believe are so desperately needed. i also question what state legislatures are willing to do. but thisce executives, our chie

our sheriffs, to come up with much needed reforms that require hiring the brightest and best, having psychological evaluations be a part of that to ensure fitness for duty. look, i'm more than familiar with specialized units. many are the results of calls from the community for officers to address crime activities like drug activity, gang activity. but we have to make sure it's police executives that we are putting the most seasoned and most experienced officers in this unit that are well trained and highly supervised. as i look at the night that went off the rails in memphis, there are a lot of questions that are unanswered but have to be answered. >> but we are hearing from mayors across this country that they are facing in many places shortages of police officers, people willing to do the work. mayor of new orleans was here last week telling us that.

she's now asked for federal marshals and atf agents in her city. why is this such a problem? >> well, you know, hiring as someone who has actually hired law enforcement officers, it has always been challenging. not necessarily because of the lack of numbers, but the effort to make sure that we are hiring people who have the right temperament to be able to do the job. i can remember in a year having 40,000 people who wanted to be orlando police officers and we ended up hiring maybe 20 of that 40,000, trying to take every effort and step to make sure we hired the best person to do the job. hiring has always been challenging. but we also, again, police executives have to be crve nost wait for people to knock on the orar communities

visiting college campuses, making sure that police departments do continue to reflect the diversity of the communities that they serve. this is a time that we have to be use new and creative approaches to making sure that we're bringing in the right men and women. it really starts with hiring. making sure that we are bringing in the right men and women to do the job. >> how would you judge the performance of the memphis police chief who has said this unit the s.c.o.r.p.i.o.n. unit did good work? >> i know cj davis. she is a professional law enforcement officer. she worked as a deputy chief in atlanta, the chief of durham. she is now, of course, the chief in memphis. i think that she has handled this very tragic incident as well as she could. we all have commented on the swift action with firing them, working very closely with the d.a. to bring those charges forward in a very expeditious

manner. she's also been very transparent with the community and, boy, do we need to see more of that. she was also the president of the national organization of black law enforcement executives. she is very well trained. i do believe, while this is one of right leader to lead us through this very tough time. >> well, i wonder, because i was reading a piece in "new york" magazine entitled the end of police reform and pointed out in memphis adaptations had been made in 2020, in terms of banning choke holds, there were body cameras, that wasn't a deterrent here. the police force is 60% black it reported with a black police chief. even with these adjustments, this horrific situation happened. so when you hear calls for police reform, what is the piece of reform that you think makes the difference or just

recruitment? >> margaret, we have made calls for police reform, especially since the brutal death of george floyd. now let me say this, i was in congress during the time that voted for the george floyd justice and policing act, we all know it was not perfect, but my goodness, i sure believe it was a major step in the right direction and i think that too many police executives think that any criticism of the police or any efforts to reform or modify hiring standards, modify training standards, make sure they have the technology that they need to better be able to do the job, calling for national databases and better enforcement, too many people see that as we're not supporting the police. i see it as exactly that. supporting the police, giving them the tools that they need to do the job, but also, to hold

them accountable. and so, yeah, it goes -- it's not just hiring, but it sure starts with hiring. when in training making sure we have the right field training officers we know set the standard for what's acceptable and unacceptable on the street. looking at internally at policies and modifying those use of force policies. yes, the body cameras, think if we did not have this footage, but this situation was so off the rails and so outside of the box, there's a lot of work that needs to be done there. >> i hear your passion there. thank you for sharing your analysis with us. we'll be back in a moment. when you humble yourself under the mighty hand of god, in due time he will

exalt you. hi, i'm joel osteen. i'm excited about being with you every week. i hope you'll tune in. you'll be inspired, you'll be encouraged. i'm looking forward to seeing you right here. you are fully loaded and completely equipped for the race that's been designed for you.

a recent outbreak of violence has raised security concerns in the middle east. correspondent is in jerusalem. >> secretary blinken's visit comes as violence continues to sweep across israel and the occupied west bank, violence so deadly, we haven't seen it on this scale in several years. yesterday saw the funeral of a married couple who were shot dead alongsideivethers by ppalen on friday. the home has been sealed shut by israeli police as part of a series of punitive measures passed by benjamin netanyahu and his cabinet described as the most extreme right wing government this country has ever seen. the new measures, which follow a massive israeli raid on the palestinian city of jenin in which nine palestinians were

killed includes taking away the i.d.s, work permits and other rights of families of suspected attackers. separately, blinken's visit to the region comes as iran says bomb carrying drones targeted several defense facilities including one in iran's city of isfahan overnight. while no immediate claim of responsibility, tehran has been targeted in suspected strikes by its bitter rival israel. >> we'll be right back. hey dad, i'm almost out. i got you. any questions, chris? all good, thanks maura! there you go, one new inhaler! nice did you get my refill too? maybe [door bell] here you go, sir. you're a lifesaver. have a nice day. healthier is managing all your family's prescriptions in one app. cvs pharmacy. healthier happens together

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oh sure... for just $6...! try my $6 jack pack today. ♪ >> announcer: this is the "cbs overnight news." hello, everyone. i'm lana zak in new york. thanks for joining us this morning. the city of memphis remains on edge after the release of police body cam video of tyre nichols being beaten by five police officers. nichols died of his injuries, and although there were demonstrations in memphis and across the country this weekend we didn't see the type of violent protests that followed the previous deaths of civilians at the hands of police. the five now former officers have all been charged with second-degree murder and other crimes, and the specialized high crime squad that they were assigned