for 50 years at the national committee we've been educating americans about china and chinese america from ping-pong diplomacy to today we have sought to strengthen the bilateral relationship byor the fostering exchanges and informed discussions. this year we've gathered the secretaries of defense in the secretaries of commerce and u.s. trade representative's as welll as the national security advisors and next year we will gather at the u.s. treasury secretaries and hold a similar program like we are doing tonight in china where i will interview chinese leaders many of whom are alumni. it's one of the owners of my life to be joined by the secretaries of state that are living legends for what they've accomplished during their ten years. the national security advisor and secretary of state and the administrations and were instrumental in the reestablishment of relations with china. he spent 45 years helping leaders on both sides navigate this important bilateral im relationship and we especially appreciate your being here today because on friday we all saw you on television and we know

so the chinese built family soci association of welcoming people into america. >> a place to go to? >> exactly. >> what the important thing you want people to think about? >> china town is always changing. >> do you think the community appreciates it's own history? >> no. one reason is because a whole new population of people that do not know that we're part of that earlier history. >> how difficult is it to be able to show it? >> because of the exclusion, one thing is no one wants to talk about history for so long, it was complicated and there was shame involved. nowadays we appreciate how important it is to all america. >> museu -- what happened with all of this labor and california china became a threat to other parts of the world, to the irish for instance, there was backlash to china. there was act that barred immigration from laborers. >> chinese exclusion act is coming up next. ♪ come on, wake up!!! come on, why ya sleepin'? come on! what time is it? it's go time. come on. let's go, let's go, let's go. woooo hoooo!! yeah!! i feel like i went to bed an hour ago. i'll make the

for the chinese. in america, it is almost unknown. tell the story in the 100 year marathon where once we had a hearing of a gentleman from the department of state and some others about the cooperative agreements to help chinese scientists and technology including military science by the way. there was a defense reform commission set up right till perry to provide military technology to china. we also sold six weapons systems to the chinese including torpedoes. a personal project of john lehman. and other kinds of intelligence technology. i have a chapter in the book about the 12th over action cooperation episodes between the u.s. and china. offered them in 1973, a direct hook up with our early warning satellites and said in a top-secret eyes only memo just declassified a few years ago -- we will provide you radar technology to make that are used of the intelligence and warning we will be giving you in real time because your bombers are all on one base and you need to be able to scatter them with early warning technology. so, i am tryi

officials have been reassuring chinese counterparts that america's one china policy is intact. the announcement comes after donald trump spoke with tawiwa'' taiwan's leader. china sees the island as a renegade province and officials have declined comment on trump's twitter tirade. katty: china's trade and currency practices were a big part of his campaign. the question now is how might beijing respond to the new approach. i spoke about it short time ago with a fellow at the carnegie endowment for international peace. if you take the combination of a call with a chinese leader and the twitter tirades against china's trade policies -- what is the reaction in beijing today? >> i think they are beginning to realize that the new coming administration is likely to take a hard line on china, whether it is in the economic sphere, its position on china's more assertive policies in the region, whether they, for example, would favor a greater presence that taiwan has in international agencies and economic and potentially military assistance. i think the president-elect has signaled that t

indian american married to a chinese american, only in america. i asked him and said what's the most prevalent disease in america? is it cancer or heart disease or diabetes? he said, none of those. isolation. single most prevalent disease in america is isolation. well, think about that. we live in the most connected age and the surgeon general says the biggest disease crisis in this country is people feeling disconnected. they aren't connected, respected , and protected. they're disconnected and that's what this election was all about. thank you very much. [applause] >> the commerce secretary joined eric cantor to discuss what they anticipate from an incoming trump administration. topics included trade, health care, and tax policy. this is also from the new york times. this is 35 minutes. me in welcoming penny pritzker, the u.s. secretary. the former house counsel and also another to the stage. ] pplause >> good morning everyone. thank you all for coming. thank you to secretary pritzker very- as you heard, i am pleased. secretary pritzker was the

>> guest: fdr was convinced he could get them to calm down with our friends the chinese america was closechina at this time and impact we have a poll that the chinese were natural allies which more than the british, so that's how close. but he was convinced him he had to fight. richardson lost his job for fighting. fdr was convinced it would make japan nervous and it didn't work but i wanted to explain one of the great conflicts we see at this moment the united states is looking at the japanese leaders like the nazis, a unified voice of fascism and a dictator and a common way of life and philosophy and none of this was true. the japanese leadership will change hands 15 times, the army was fighting with the navy. the civilian government was fighting with everybody and they lurched from crisis to crisis. it was the most chaotic government and one of the points i felt was that it's difficult to put a defense strategy against an enemy. >> host: steve twomey, chico politics had a role in all of this depended? >> guest: you can't separate what was about to happen from what was happening in the

america. >> the chinese are upset about this. >> he is also going to be engaging the world on behalf of america. >> i chinese government is very upset about this. do they have a right to be? do you tell them, back down. you are over worrying? what is your advice to your counterparts to china? >> i think i would say to our counterparts in china that this was a moment of courtesy. the president-elect talked to the president two weeks ago in the same manner. it was not a discussion about policy. we will be preparing, after january 20th, to advance what will be president-elect -- president trump's agenda. >> have you or the team or president-elect trump reached out to the chinese government since this bubbled up? >> not to my knowledge. >> should we expect a call this week to calm the waters? >> chuck, i wouldn't -- you know, i wouldn't expect so. to be honest with you, the waters here seem like a little bit of a tempest in a tea pot. it's striking that president obama would reach out to a murdering dictator in cuba and be hailed as a hero and president-elect trump takes a courtesy call from a demo

behalf of america. >> the chinese government is very upset about this. do they have a right to be or do you tell them back down, you're overwor overworrying. what's your advice to your counterparts in china? >> i think i would say to our counterparts in china, this was a moment of courtesy, the president-elect talked to their president two weeks ago in the same manner not discussion about policy. we will be preparing, after january 20th, to advance what will be president-elect -- president-elect trump's agenda on the world stage and deal with policy at that time. >> have you or the team or president-elect trump reached out to the chinese government since this bubbled up, official yet? >> not to my knowledge. >> should we expect a call this week to calm the waters? >> chuck, i wouldn't -- i wouldn't expect so. to be honest with you, the waters here seem like a tempest in a teapot. it's striking to me president obama would reach out to a murdering dictator in cuba and be hailed as a hero and president-elect donald trump takes a courtesy call from the democ

mark: which is one of our pessimist guides to chinese -america. juckes, socgen global strategist stays with us. 2017, coming up including hottest election in years. angela merkel braces ahead of next year's vote. the swiss sanctuary, with european instability swirling on it doorstep can switzerland provide a safe haven? on hold asignation the search for his successor gets underway. monte paschi's recapitalization plan hangs in the balance. this is bloomberg. ♪ mark: angela merkel says germany's election next year will be the hottest in years with the party facing challenges from the far right and left. she made the comment to a german tv station. let's get to matt miller who is there. what will the focus of the parties platform be ahead of the election? i see the german chancellor is speaking behind you. out, sheave to point has just started speaking. you can see right here, she is currently introducing an thanking all of the different party members and factions from around the country who are gathered here today. the focus really for angela merke

was convinced he could get them to calm down about their ambitions against our friends, the chinese, america was very close to china and we are appalled at the americans think can that the chinese were our natural allies in the fight against fascism, much more than the british letch was convinced he had to fight two admirals, river sound and richardson's -- kimble and fdr was conniveses by keeping a big pacific fleet it would main japan nervous and it did not work. what wandded toed a to the portrait by explaining one of the great conflict wes see at this moment is the fact that the united states is looking at the japanese leaders as being like the nazis. they're a unified force of fascism uneedded behind a mom dictator and a common way of life and common philosophy, and none of this was truce. in the 14 years of the war the japanese leadership changes hands 15 times, the government changes hands 15 times. the army was fight being if the navy, the navy fight little within itself. a the civilian government was filing with aberdeen and they just lurched from crisis to cries and one of to the m

the united states recognizes taiwan as chinese territory, and america cannot have any official relations with the so-called rebels. president-elect trump broke from that protocol when the -- he took a phone call from tie at-the taiwan president. >> beijing is absolutely riled up about what president-elect trump had to say. the government spokesman went on to say beijing has serious concerns about any meddling with that one-china policy, going on to say, quote, we urge the u.s. leader and the government to fully understand the seriousness as the tie one issue. they're already taken aback about the phone call between trump and the taiwan president. the concerns about territorial integrity, if donald trump wanted to press beijing's button he certainly did. >> what are analysts are saying if the united states gets rid of the one-china policy. >> there are real concerns, shep. among regional experts that any jostling of this one-china policy status quo could destabilize and it could grossly destablize the u.s. and china relations. we heard from the white house just a short time ago saying it

bys company was set up a chinese woman in america, and she did not like the learning system. it was to region. one of her teachers ripped up a comic book she was reading in class. what she has done is set up this online system where chinese parents can have their kids taught by an american teachers $1500 for 21 classes, cost-effective, and does it in an online module of learning. we profile a teacher who is doing these classes online. 8:00orks from 3:00 a.m. to a.m. and makes the equivalent of $4000 a month, the same she would make as an adjunct at a university. 10,000 toetting 20,000 applications a month. the growth is phenomenal, unbelievable, and kobe bryant invested in it. that is nothing to sneeze at. you guys take a look at an interesting woman involved in the fashion industry. she has founded a nonprofit and is doing some good things. way toshe looked at a take this nonprofit and add her n skills, looking at women and their role and going to suppliers and companies along the chain that really address the issue of women equality. it is not easy to do. companies, nike, h

he made it clear he has a problem with the economic situation the chinese have put america and american voters and companies in. i would not be shocked if he is using this conversation as a bargaining point that he resurfaces to try to make deals with whine with china. >> we should not be surprised. he more than alluded to this on the campaign trail. trade was an issue for him. he is making good on his campaign promises. >> that is what it seems like. we have seen more of that recently within the last 24 hours when he reemphasized the problems with china and trade on twitter. >> let's move on to choice for secretary of state. that list is getting longer with the addition of jon huntsman. many may not know the background. jon huntsman is a cousin, three times or twice removed from mitt romney. the two arrive als. puths jon huntsman on the list is interesting. >> i think it is strategic. it seems a surprise. he ran for president in 2012. he is known for not being as conservative as many others like rudy giuliani and newt gingrich. i know his name is no longer in the mix. i know people for

time14, it was the first that the number of chinese visiting america surpassed the number of americansbsolute fantastic growth. that by theecast year 2021, there will be 6 million outbound visitors from china. that is why we see growth from the market. rishaad: haidi's question is that these travelers want to connect in china. that must be posing a threat to you guys, even gulf carriers to some extent. walter: we don't look at it as a threat. the growth we have seen from chinese carriers is about outbound travel. to point.ng it point we are the largest airline between the united states and china. we have seen phenomenal growth. we are in a great position. haidi: global airlines according to the latest reports suggests this is the first time in six years we will see profit hit because of oil prices. a conjunction in this region of -- contraction in this region of 15%. does that worry you? walter: for u.s. and global carriers, we are seeing a flattening out. forward toing improvements going forward. rishaad: what are yields like? yields are under pressure. did you reinstitute some of the

for 50 years we have been , educating americans about chinese about america.rom ping-pong diplomacy until today we have sought to , strengthen the bilateral fosteringip by exchanges and informed discussion. this year we have gathered , secretaries of defense, secretaries of commerce, and u.s. trade representatives as well as national security advisers. next year, we will gather u.s. secretary treasuries, pay, commanders, and we will hold a similar program like tonight in china, where i will interview chinese leaders, many of whom are alumni of our programs. today, i am truly honored. it is one of the great honors of my life, to be joined by two former secretaries of state. both are living legends, for what they accomplished during their tenures. dr. kissinger was national security adviser and secretary of state in the nixon and ford administrations and was instrumental in the reestablishment of relations with china. he has spent 45 years helping leaders on both sides navigate this important bilateral relationship. we especially appreciate your being here today

if you look at the breakdown of the chinese imports from america, the biggest item is soybeans, and theone is aircraft. the chinese government will always argue that i cannot feed all of my people with soybeans. there is a certain limit of what i can buy. by the same token, they are just by socannot many airplanes. i cannot by hundreds of them. you -- buy hundreds of them. allowing me to buy the stuff that you are really good at, what are they? you know, -- [no audio] scarlet: that was chen zhao. summer, the man gave money to sears. we go inside the company's numbers as investors show a lack of faith in it share price. this is bloomberg. share price. this is bloomberg. ♪ scarlet: i am scarlet fu. "what'd you miss?" sears at the feet of the hedge fund manager. the ceo and the company's single biggest shareholder. with his latest $300 million loan to the chain, he is helping years stay afloat. sears is the focus of today's the numbers don't buy. vendorsured lenders and who are nervous about the cumulative $9 billion plus in losses since 2012. that decline is the result of something compar

indian american married to a chinese american, only in america. i asked him and said what's the most prevalent disease in america? is it cancer or heart disease or diabetes? he said, none of those. isolation. single most prevalent disease in america is isolation. well, think about that. we live in the most connected age and the surgeon general says the biggest disease crisis in this country is people feeling disconnected. they aren't connected, respected , and protected. they're disconnected and that's what this election was all about. thank you very much. [applause] >> ok. >> commerce secretary penny pritzker discussed anticipation for the tramp administration. also from the new york times. it is 35 minutes. me in welcoming penny pritzker, the u.s. secretary. the former house counsel and also another to the stage. ] pplause >> good morning everyone. thank you all for coming. thank you to secretary pritzker very- as you heard, i am pleased. secretary pritzker was the firse administration to go to cuba and eric cantor needs no introduction. at this

chinese wages has narrowed over the years. earning 11rkers euros an hour here, versus what he would pay in china. transport costs, u.s. production is suddenly be attractive option. even america's car manufacturing sector is feeling the effect. he has 30 art of parts factories in the u.s. -- he has 30 auto parts factories in the u.s. chinese media runs stories of his success -- a chinese car made in the usa. much quicker.t we can avoid the risk of the logistics of coming across the ocean. chinese investments in the united states doubled to 18 billion euros. it is a new record and a new page in the side of globalization. stephen: let's check what is happening on the markets. european shares trading up at this midpoint in the trading day . in the u.k., inflation hit its highest level in more than two years, driven by rises in the place of clothing. gains onll seeing london's ftse 100 up by a third of 1%. unicredit is to slash another 14,000 jobs as a 12 billion euro restructuring plan. that is on top of the 18,000 staff cuts enacted by the bank last year. time to raise $13 billion in new capital. that will be the biggest ever share issue in italy. as the company tries to restore

we'll have to see what sort of bargaining goes on not just tweeb the administration, corporate america and chineseut with his fellow republicans who are sharing power with him. >> phil, you know -- >> carl? >> go ahead, phil. >> the final price hasn't been set by these two planes being built by boeing. that's part of the process with the air force. they say we need these capabilities and they go back and forth and talk about this is what the cost is likely to be. it's not just boeing. it's not like boeing pulls a number out of the air and says $4 billion. there are cost overruns. that's certainly a concern. people would look at what donald trump is saying and saying good he's trying to keep a cap on those cost overruns. the final price has not been set yet. we'll hear from the air force. they're the other party involved in setting what air force one's capabilities will be, how much it will cost. >> that's a live shot on the left side of the screen with air force one on its way to tampa today. john, i'm thinking it's not like we haven't seen but will this negotiation on twitter in public bring thos

america great again. they do not believe the chinese can steal $460 billion year of intellectual property, which was the director of national intelligence estimate this year. they don't believe you can get run over by people who think you are stupid and foolish, so they will be tough negotiators. this is one of the dumber comments about trump. in the middlets east, and scotland, panama, they do not understand the modern world. they don't think globalism in a sense of selling out america is a useful or practical thing to do. in that sense, they will be firm and top, but i do not know that they will be harsh. >> i happen to be a reagan kid. gingrich young adult. 43 bush kid and one of the senior advisors for the national diversity coalition for trump. one of the things everyone is talking about foreign policy, but we need to look at domestic. unfortunately, as a conservative, i've been a conservative all of my life, but

capital they are building military bases in their view on sev republican chinese territory, unless someone, read, the u.s. of america does something about it, it will be, chinese will have their hands around the throat of every barrel of oil, that goes to japan, south korea, taiwan south china sea cares roughly 50% of all maritime commerce in the world as a whole, and watching it disappear under beijing control. thank you to barack oba again. lou: thank you barack obama but, soon, it will be donald trump as president of thez, what is he to do? >> well, i think he needs to to two things, politically hopefully, in inaugural address, make it clear that this kind of behave why are by china will not be accepted by the united states and ramp up the present of the navy there, so that chinese get the point, and what he said in campaign, he would do, rebuild american military, we need a dramatic increase in naval warship. wars. lou: that will take time. >> right, so in heene time, horizon ronald reagan did, demonstrate political well power not shrink from world stage but protect american interesting and protect open navigati

chinese people living here in america. that is what the artist is getting at. this is meant to be a horse market in sonora. you can see the miners saloon. there are two chinese men here, the mexican here, the anglo guy who is buying the horse. the african-american over here. some of them would take their slaves to the goldmine. a great concentration of people were coming in from around the world. the idea with pictures like this is to say what a weird world is that. there was a result of very rapidly populating. this was above the president's speech in the handout. this is a historian writing about 40 years ago describing the way in which gold accelerated the process of american settlement. >> the little grains of bright yellow metal established a frontline of civilization across the rocky mountains and drew men in from the east. the prize of lighted the way, illuminating the darkness of earlier obstacles and convinced man that no matter how great the barriers, they could be surmounted. after the man, came there -- came their baggage. material and cultural. frei

america, either. having spoken -- the chinese were here last week. they basically said, do you think that will happen? you know what we will have to do? we will have to retaliate. it was not vitriolic, it was like, you will force us to take those positions. we cannot act unilaterally and expect there will be no reaction. ms. bumiller: should the u.s. get into a trade confrontation with china at a time if it needs china to help with north korea? and it helps north korea slowdown. did you raise that with of the chinese? sec. pritzker: look, the challenge we have our rtwo -- two very different systems. china is controlled from the center, with state-owned enterprises, and industrial policy. in the united states we have a free-flowing policy and set of rules and regulations that allow much more flexibility. we're trying to mesh those two systems, the two largest economies to work and lead. it is very difficult to come to consensus when you come at the issue of the economy from such different positions. we have worked very hard, a strategic and economic d

chinese people are living here in america. that is what the artist is getting at. similarly in this one. this is best be a horse market in sonora. in the background, you can see the saloon. there are two chinese man, a , the guy who is buying the horse, african american over here. someone take their slaves to the goldmine. a good concentration are coming from all over the world. the idea of pitchers were to say what a will world is that -- weird world is that? this is the president speech in the hideout. .est in the handout this is expiring the way in which gold accelerated the process of americans government >> grades of yellow metal establish different kind of civilization along the rocky mountains and drew men from the east farther out onto the air and planes. the glittering prize lighted the way, illuminating the darkness of earlier obstacles, and convince men that matter how great the terriers, they could be surmounted. after the men came their package, both material and cultural. freight wagons brought not only necessities, but the trappings of civilization --

chinese e—commerce giant alibaba is back on america's blacklist over selling counterfeit goods. "notorious markets". it's a blow to alibaba's attempts to expand out of china. mariko 0i is in singapore. being on this blacklist is not great for a firm that wants to portray itself as an international player to ta ke itself as an international player to take some the likes of ebay and amazon. not at all. and the company was only taken off the list four yea rs was only taken off the list four years ago but the us authorities have said that the company and its online platform is used to sell high—level goods. alibaba has rejected these allegations, saying it polices the marketplace a lot better than in the past. and it also suggested today's political climate in america might have something to do with the fact it is back on the blacklist. they are talking about president—elect donald trump repeatedly accused china of stealing intellectual property during the election. and just appointing an outspoken china critic as the head of the new trade body. but donald trump has not taken office

chinese leadership in beijing. taking unorthodoxy of corporate america that has for decade outsourced our middle

even america's carmen you factoring sector is feeling the effects. they have 34 auto parts factories in the u.s., and chinesemedia runs stories of his success. a chinese car made in the usa. >> you can react much quicker. your customer will feel more confident. >> last year chinese investments in the united states doubled to 18 billion euros, a new record and a new page in the saga of globalization. america's first offshore wind farm is up and running. the $300 million block island wind form located off the -- wind farm off the coast of rhode island will send energy across new england. when forms have not yet taken coal -- taken hold in the u.s. itself willd farm power 17,000 homes. the block island wind farm is only the beginning of a much larger development plans. we have won the rights to 256 , 15-20miles of area miles from the mainland. out of sight from anyone on shore, to develop projects. kate: incoming president donald trump has campaigned against a wind farm project near his golf course in scotland, saying it ruined the few. the administration could hamper that emerging wind industry. kate moody, th

to steal our economic property, our intellectual property as we saw with chinese actors attacking american companies, when americaome together, republicans, democrats, independents, and say enough is enough, there's got to be consequences. and this is the fourth time now you've seen us apply this new approach of saying there are norms. just because it happens through cyber enabled means doesn't mean you get away with a free pass, but we are going to take responsive action. >> so let me just ask a little about the objects here which might be undermining the very message you're discussing. the fact it comes at the very end of this administration's tenure, jon, as opposed to over is summer or earlier in the year when officials knew about what was going on here, you've seen the response from the russians. they're saying all right, obama administration, it's a desperate measure by the dying administration as they go out the door, and undeniably that is part of the way the message has come across the international community, so it's not as pot t potent, right, as it could have been if it was delivered months earlier. >

for relations, and what that might mean for chinese exports to america and the asia-pacific region as whole. both economically and strategically. francine: what is one thing you worry about the most, away from china, away from the donald trump presidency? what is something this priced in the markets now? elections arepean a wild card. we have three major elections coming up in 2017. onple have digested the news brexit, because it is a long process at least running into 2019. but somehow, in the first half of 2017, we could have election surprises out of european countries. then, we could have another question mark about holding the e.u. together. if the e.u. work to deteriorate, all bets would be off. francine: thank you for all of your insight. rich of j.p. morgan chase, vice chair of asia-pacific. how is the owner of the world's largest container shipping line doing with overcapacity and sluggish growth? speak to the ceo. ♪ francine: this is "bloomberg surveillance." here's nejra cehic. donaldpresident-elect trump has given his first clue as to how he will step away from his busines

chinese leadership in beijing. taking unorthodoxy of corporate america that has for decade outsourced our middle class jobs to foreign markets, doing whatever he believes necessary to put the right people in the chairs around him at meetings of his cabinet, president-elect slided to broaden his transition team search for secretary of state. and whom he will have confidence and who can do the job the way he wants it done. we thought that list of well set, it has just about doubled. trump transition team is now considering 5 newly revealed contendors for the job, including exxon mobile ceo rex teller son. jon huntsman, dana rohrabacher. and one of my guest tonight, john bolton he has been in the mix all along. and -- nobody in beijing gets to dictate who we talk to, i it is ridiculous to think that a phone call upsets decades of anything. today more provocation by china, fox news learned that china flew two of bombers around taiwan. we're informed that two bombers and jet fighter escorts remained in international airspace throughout the flight, the first of its kind, occurred on november 26, 6 days before president-ele

we talked about hacking and or russia.is chinese resetked about to america's role in the world. the high quality of people he has named already says he will recognize the opportunity that on new president has people's lives in this country and events around the world. it was an honor for me to be there. for today's white house briefing. scheduled 12:30 eastern time. of thee on the progress transition with george bush along the others. eastern on c-span. >> tonight, horizons president on public policy talks about the companies changes over the last several years and the acquisition of aol and propose accusation -- acquisition of yahoo!. >> we are building the fiber deeper into the networks. 90% of that is actually fiber. you look at what cities are trying to do. he need a massive fiber infrastructure to do that. communicators tonight on c-span at 8:00. >> this year we are asking students to tell us the most important issue for students and congress. tell us a little bit -- >> we decided these are people who have fought for our country and they are living on the ok, so we decided

chinese officials. he is also a native of iowa. america'songest serving governor in the history of our country, 23 years,. [ applause ] think of that. in the history. you don't know what it is to be a governor for four years is duff. 23 years, and has done an incredible job. he has also become a great friend of mine. i am now honored to welcome to the stage our next ambassador to china, your governor and i can truly say your great governor, terry brand stat. branstad: come on up, terry. [cheers and applause] this is a big room. [cheers and applause] >> wow. president-elect trump, hello, iowans. [cheers and applause] it has been a great honor and privilege to serve the people of this state and thanks to our great new president who is going to make america great again, i am very proud to serve america in this very important role. thank you very much. [cheers and applause] >> he's going to do so great. with terry on our side, i know we will succeed in bringing our jobs back and i also know that china who has been so tough and so competitive and

chinese. i would not bet against the united states of america, my friends, i would not. we are now energy independent, there are some of us in this room that remembers sitting in a gas line for three and four hours because the middle east cut off for gas. we can get natural gas to the ukraine and eastern europe so they won't be didn't on vladimir putin. would you like to be china? some of us have been in china on a day where you can't see one block because of the pollution. do you know for 40 years the chinese had a one-child policy? they have a demographic challenge the likes of chb will be gigantic. see this device here? i have to buy a new goddamn one every six months. this was not invented in china or europe or any place else. this is a device that is changing the world. it's information, it's knowledge and knowledge and knowledge is power. when i goetz tired of doing the lord's work in the city of satan, i go and meet with the non-commissioned officers. they are the best, there is nobody that can match up to them and i still think if we'll give them the equipment th

chinese officials. he is also a native of iowa. america's-serving governor in the history of our , think of3 years that. in the history -- you don't know what it is to be a governor for four years is tough. 23 years -- and has done an incredible job. he has also become a great friend of mine. i am now honored to welcome to the stage our next ambassador to china, your governor, and i can truly say your great governor, terry branstad. come up, terry. [applause] [cheers] president-elect trump: this is a big room. [applause] [cheers] mr. branstad: wow. president-elect trump. it has been a great honor and privilege to serve the state, and thanks to our new president who will make america great again, i am proud to serve america and this important role. thank you very much. [applause] [cheers] president-elect trump: he is going to do so great, with terry on our side, i know we will succeed in bringing our jobs that china also know has been so tough and so competitive, and frankly dealing with people that did not get it, but i will tell you what. w

president obama said everybody is worse off if the most bilateral relationship america has, with china, is sound. the chinese may be seizing an under water u.s. navy drone in the south china sea. investors panicked on word of this. joining us now to discuss. captain nash, over the last week or so x have even a series of incidents that seem to becoming more and more belligerent. who do they seem to be sending the message to? president obama or president-elect trump. >> that's a good question. there have been times when the chinese snubbed the united states and president obama personally. everybody remembers the stairs coming out of the back of the aircraft an out to go down the stairs of tear force one. trump was big on the campaign trail about not telegraphing to your adversaries about what you would do, and you should take -- he should take his own counsel today. charles: he didn't rake trump over the coals per se for takele call from the taiwan president. was this retaliation for that or just that china feels they have no obstacles with the current administration? >> i think it's the former. i don't think

richard nixon opened the way to china in 1970, '71, '72 after all these years of america not speaking to the chineseat was an opening that was carefully orchestrated, nixon making contact with the mainland chinese. he knew what step 92 was going to be after taking this first step. we don't have evidence that president-elect trump was thinking if i call taiwan, you know, what is going to be the result of that? how will the chinese respond? what will i do in response to that? >> is the obama administration in a position here if they are in response to the president-elect, does that make the calculation different for president obama in term os how he responds? >> it does to the extend this was not what i did. this was the president-elect's doing. but at the same time president obama wants to keep the peace and for the time that he remains as president he's going to have to deal with these things. >> michael beschloss, nbc news presidential historian. great to have you here tonight, mike, thanks. >> my pleasure, we'll all stay tuned. >> tonight i can tell you one little piece of good news sort of. you k