this is this jeffrey going to speak to my guest jeffrey took attitude direct at the american institute for economic research thank you. fletcher . now into the news and a u.s. aircraft carrier has entered the persian gulf for the first time since two thousand and one company by a fleet of warships and what washington is calling a show of force against iran. i mean for maybe showing that they're committed to rezone stability across the globe particularly in the gulf region and it's very economically important area for them to our world and so we're going to continue to go wherever we can internationally national waters and we're going to you know show our presence. until rounds now threaten to block the strait of hormuz the only exit from the gulf a third of all trade passes through the strait iran's elite revolutionary guards military force have been conducting drills near the area for over a week it's been reported iranian ships have launched a drone and missiles close to kerry but tehran has denied those ties are so sad. and this comes amid rising tensions between iran and the u.s. after washington with d

we're going to bring in jeffrey tucker vice president editorial director of the american institute for economic research jeffrey thanks for coming on to the program judging by what both american and chinese officials have said since. the. seams no deal has been reached yet let's just before we go into this have a quick listen. back there are exercises. all the way back. but that's an assumption i can't say with specificity but that's got to be part of the deal. to sides proposed a series of constructive currents and how to resolve the existing differences and problems the teams of the two sides will set up consultation and work hard to reach a concrete agreement of mutual benefit. so how do you interpret trying tweet geoffrey. well trump clearly blinked in his negotiations with china and that's for a reason this because everything he promised would happen with this trade war stuff has not happened it's actually seriously harmed american exporters were seen american car plants actually shut down that sent a lot of panic and shock waves through the white house especially concerning the u.s. auto industry

serious decisions like a ban you need proof jeffrey circa editorial director of the american institute for economic research thinks this is a case of the pot calling the kettle black. they wes's is famous for its air for its hacking and cyber surveillance of every political system in the world i mean so this is this is getting really out of hand and it's starting to be i must say deeply embarrassed seen for the u.s. on international economic stage but i think it's really sad because response to be in the middle of a trade truce but instead of just using the ninety days to come to a better understanding what the u.s. is doing is almost you know every forty eight hours another propaganda blitz against china is kind of a rhetorical bombast we're getting on a daily basis is actually having a tremendous human cost and it's also futile i mean yes china is a rising economic power if you want to call it power but actually what it really means is that we can as a world community get to get richer and richer together and i think the u.s. needs to like come to terms with this and stop playing the bully on the playgrou

if the six largest banks we spoke with jeffrey tucker editorial director at the american institute for economic research who thinks in order to avoid a crisis u.s. trade policy among other issues should be significantly changed this is actually a very bearish sign about our economic prospects in the future and that's why people are talking about a coming recession the economy is still strong on paper if you look at the data is strong but the job of the stock market is not to read the existing data which is always about the past the job of the stock market is to anticipate the future that hasn't yet unfolded it hasn't done damage yet but but we're at a very critical moment right now things can change right now and we can reverse course so there's still time tom can reverse this today if he gets rid of his steel tariffs and there's a limit on terrorists that makes peace with china and and starts believing the real free trade. believe it or not a girl scouts in the united states are warning parents not to encourage their children to hug guests this christmas the organization says this could pressure girls

and samsung let's talk about this with jeffrey tucker editorial director of the american institute for economic research surely is live alone hey there he does seem to be a lot of concern about right now governments in the u.s. using this story of really move to block this rollout of the five g. networks germany's on the fence so it's saying it hasn't got enough info why are people concerned here why is germany kind of shrug it off do you think. well because the u.s. is using this ninety day trade truce to increase the propaganda war against china in a form of economic warfare and also there's no evidence of any of that stuff and this is a big problem when you have the u.s. government making these outrageous claims without any evidence to back it up and yet with a clear nach national and political political interest and whipping up a kind of domestic frenzy against china. the u.s. was correspondent angela merkel not so well but so might be the. right now the u.s. is is famous for its for its hacking and cyber surveillance of every political system in the world i mean so this is this is getting really ou

joining us now is the president of the american institute for economic research. tive. is there something for the fed to "get"? >> the fed is having to measure so many variables and getting criticism from so many different groups, including the president. the other day he said the only problem the economy has is the federal reserve. it is ahave to say strong overstatement. i think the fed can be destabilizing, and many times it is, but there are so many different verticals. bad for thel chairman for facing so much criticism. >> isn't a problem for the economy in general? is there more or less the fed should be doing? >> the traditional view is the fed stabilizes and always knows what they are doing. a lot of my colleagues have talked about the potential the federal reserve can destabilize when they inject money into the system or pull money out of the system. that can have ripple effects and not actually helping the economy. >> is it impacting liquidity from your perspective? selloff,rly around the many seem to be worried about the balance sheet, whereas it had not

host: for the next hour, we talk about the affordable care act in >> we'll talk about the affordable care act we had the american enterprise institute the economic policy studies research institute and for the center for american progress previously from the obama administration working in the same fashion thank you for joining us today. >> can you briefly recount what the texas judge said about the affordable care act quick. >> last friday a judge ruled the entire aca unconstitutional because in december 2017 it passed a taxes bill that one provision that the individual mandate penalty would be reduced at zero essentially they did not pass any other legislation to repair the aca other than that amendment. because they pinpointed that the judges call that unconstitutional this is the judgment both the left and the right have called absurd. >> but for context to go back to the early days of the aca which seems like antiquity but in 2008 with those debates remember the idea that it had these three pillars one was the mandate and if they don't have all three of those pillars it cannot stand it falls over so that is the concept. i don't know if i have heard anyone express

jobs report here to help us prepare for the upcoming report is alex brill, american enterprise institute research fellow. aaron klein of the brookings institution, economicmie desmond, asset management. jeff rosenberg, blackrock portfolio manager for alternative capital strategies fund which is new as of what'd you tell me >> october 1st. >> october 1st you're managing more money and you have to be right about this everything you used to know about the bond market. >> that's why i'm here >> excellent okay so let's -- you know, i'm talking to you i like your jacket, by the way it's more of a portfolio manager jacket i don't know if you noticed. >> it looks more that way. >> on the rack does it say that? portfolio manager? what's your number >> so we're a little bit low, below consensus. maybe 185 is the kind of number. that's just a weather issue. that's the volatility. i think the more important thing is the labor markets have been strong they'll continue to show strength and i think it'll be a contrast a bit to kind of the angst around is this fundamental, is this about the economies, the bond markets signaling recession. even if you get a little bit of

research fellow at the heritage foundation's davis institute for national security and foreign policy. welcome. mr. peter harrell is an adjunct senior fellow for new american security in the energy, economics and security program. economics andt in energy. and dr. james -- is division manager of the special operations at sos international. he is an expert in the chinese military and chinese cyber issues. mr. chang, would you like to go first? >> sure. good morning to senator kennedy and ranking member feinstein. i'm the senior research fellow at the heritage foundation. my comments this morning are my own. this is in terms of information gathering and influencing for audiences. it's important to note that it is nontraditional not only in terms of methods but the targets. this nontraditional aspect is rooted in a different context. several keyed in points. the so-called wheel of doom that was displayed for the previous cap -- panel. the desire to ensure that there is no repeat to the so-called center of humiliation and the extensive reach of the chinese communist party throughout chinese society. competence of power is how they measure themselves. it includes not only military capability bu