it has certainly benefited from its membership in the wto. big global companies want to source and look for very low costt labor and communities in which they can exploit the environment have done very well to this as well. but who has suffered? workers have suffered for the environment has suffered. chinese people who disagreed with the government are certainly no better off than they were. you sought manufacturing get absolutely decimated in the united states throughout that first decade is there is a surge of chinese imports that came ine and washed away 40 or 50000 american manufacturing establishments. nearly one third of all manufacturing jobs and left communities absolutely devastated. some still have notd. recovered. and so for too long unfortunately the united states trusted this philosophy or trusted in dialogue up until the trump presidency. and then the course hasou changed. i think it has permanently changed now. you may see iterations of a different china strategy. i think the united states understands that we can collaborate wh

our values, because that is the problem that we have after 20 years since china's accession to the wtowe have seen the economy rise, but we have also seen a lot of unwanted authoritarian influence that the china has in the united states and among allies. how to confront that problem while preserving are economical and political freedom at home is the biggest challenge and how well we do not respect will be determining the success of u.s.-china competition. host: should we be looking at imports and exports to measure how united states is doing against china economically? guest: that is a great example because it talks to the good import from china that may have been made with forced labor. that is driving conversations about why we should diplomat -- boycott the olympic games, because that was seen as a way to counter china's human rights abuses. if you go to walmart or pick up a cheap god made up china, chances are it might be -- a cheap good made in china chances are it is made with forced labor because there is no way to check where it was made from. that is the information problem w

the wto sided with korea concerning u.s. levees.fs were imposed by the trump administration and are going to end in february 2023. to benefit korean manufacturers. if the u.s. agrees to eliminate or modify them. the u.s. department of justice seized about $300 billion of bitcoin from a hack in 2015. officials have two people in connection with the incident and said they conspired nearly 12,000. it is the largest financial ever, and cryptocurrency now the safe haven for criminals. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quin. this is bloomberg. haslinda: still ahead, oil gets another big brian as investors were all out in india. the leader for energy later. hong kong, more than 1100 new cases. details on the worsening outbreak. this is bloomberg. haslinda: hong kong expected to report more than 1001 hundred coronavirus cases wednesday. at the worsening outbreak to rule out the toughest ever pandemic measures. our corre

they went into the wto 20 years ago.ill don't have an agreemt with them that allows the united states businesses to compete for business in china even the chinese business can compete in the u.s., i think it's outrageous and we ought to enforce them and noth let them get away with it. >> political has an article about mask mandate that size mask mandate contact tracing are going away and a lot of blue states are getting rid of the mask mandate. >> i think it's appropriate to relax. americans have responded. in my state, they were amazingly vigilant, better performance in many other states to be sensitive to the needs of protecting their families and others by using the mask mandate's and getting vaccinated. the crisis we have is largely one of unvaccinated people who don't respect the mask mandates. those whoe do have much lower rates of infection and hospitalization but i think it's run it's course with the recent variant, people have done a good job observing it and it is appropriate. >> so far this year has been about

they went into the wto 20 years ago. we still don't have a procurement agreement with them that allows the united states businesses to compete for business in china, even though chinese businesses can compete in the u.s. i think that is outrageous and we ought to enforce the provisions and not let them get away with it. host: politico this morning has an article about mask mandates. mask mandates, contact tracing going away and a lot of the blue states are getting rid of these mask mandates. do you support that? is it time? guest: i think we are reaching a point where it is time to relax it. americans have responded. in my state they were amazingly vigilant. we have had better performance than many other states to try and be sensitive to the needs of protecting their families and others by using the mask mandate and getting vaccinated. the crisis we have is largely one of unvaccinated people who do not respect the mask mandate. those that do have a much lower rate of infection and hospitalization. it largely ran its cour

and actually, this is why the consultations in wto are stopped.you say you did nothing wrong, but your own president says that you made a mistake with this name change and he wants you to take it back. so, you can tell me on hardtalk — are you prepared to say, "i got it wrong, this is too much pressure on lithuania, "we're going to change the name to taipei"? well, i'm glad to correct you there, that we have an agreement with the president that we are not taking the name back and it stays, because we are convinced that we did nothing illegal and everything else will be sorted in the manners that are usually used for that, for these cases. so, right, the biggest opposition bloc in your parliament says normalisation of relations with china must begin and it must begin with the removal of landsbergis from the post of foreign minister. the pressure on you is growing. well, that's. .. well, this is what opposition does in any democratic country, and i'm glad that we are a democracy. let's finish with that idea of you being a democracy. throughout this

it has certainly benefited from its membership in the wto. big global companies who wanted to source and look for very low cost labor and communities in which they can exploit the environment have done very well through this as well. but who has suffered? workers have suffered. the environment has suffered. chinese people who disagree with the government are certainly no better off than they were. you saw it, manufacturing get decimated in the united states through that first decade, as there was a surge of chinese imports that came in and washed away 40,000 or 50,000 american manufacturing establishments. nearly one third of all manufacturing jobs left communities devastated. some still have not recovered. for too long, unfortunately, the united states trusted this philosophy or trusted the dialogue up until the trump presidency. then the course has changed. i think it has permanently changed now. you may see iterations of a different china strategy, but i think the united states understands that we can collaborate when possible, but we must

francine: a lot of criticism has been made on multinational corporations, something about the wto ands. can you confirm the u.s. commitment to those? jack: absolutely. i met with president biden a couple of weeks ago, and had a conversation with our vice president, vice president harris, and they like all of us are committed to multilateral diplomacy. this is a particularly important moment in time when democracies and market oriented economic systems can prove that we will deliver for all of our citizens. there are other models out there, and we have to show that like-minded countries like ours will get the job done for the people who live in our countries. francine: you were key in trying to help with the afghan refugees. i do not know how you look at the situation now in ukraine with the possibility of a huge influx from ukraine into neighboring countries. if something ugly were to happen. jack: this is why the president has been so clear that we are pushing for a diplomatic solution. also, it has been so clear he has been working energetically, as has our secretary of state, secre

i think what it's done is neutralized the wto. i think the sin is not placing the bet.at based on what we new at the time but the sin is ignoring the evidence of a consistent pattern of behavior. senator rick scott of florida proposed in the wake of the 20 year evidence of the wto that we should withdraw china's normal trade relation status. certainly something that should be discussed and debated. i think it's the right thing to do. maria: i mean, look, what are your thoughts on the significance of the china russia partnership as we watch china rise, continuing to want to overtake the united states as the number one super power, finding a friend in russia. >> well, i see it as an axis of annoyance rather than a true axis with coordinated powers and common interests. their common interests are frustrating the united states, disaggregating our allies, seeking advantage where they can. and i think we can't be flippant about what they can do together because it's easier to break things and frustrate things than it is to solve problems and so the united states is usually ab

and accuses china of failing to keep promises to pursue market oriented policies it made to join the wtod may have made payment -- erikson may have made payments to i set to gain access to certain transport routes in iraq. ericsson says it invests in an investigation into its iraq oppositions -- operations. the goldman sachs offered says the office is valuable -- the firm will not create jobs that can be done from remote locations such as jackson hole, wyoming. stanford university edged out harvard at the biggest fundraiser in the u.s.. 10 million more than harvard. they were the only two u.s. schools over $1 billion. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ schools over $1 billion. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. th >> people around the world are retooling. in america do you think ford motor company and general motors, which have comp

. >> jesse: then it got weird as big tech moved in and the wto riots exploded anarchists popped up. the city went buck wild with chaz or chops whatever they are calling it crime spread like a disease. we have officially entered crazy town now where wackos roam the streets free as can be. shooting up heroin, carjacking grannies and knocking women out in the middle of the day. take what happened to this one seattle woman. she was viciously whacked in the head with basic bat. cracked her skull ended up in the hospital. remorseless mobster must are worked up a real appetite. he beat this woman within an inch of her life and went out for a slice of pizza. shouldn't have been a surprise though this guy has a hefty rap sheet. jason rantz has been reporting on this story and is here with more. jason? >> is he a 41-year-old criminal. he has two felony and nine misdemeanor convictions to his name including first degree robbery, theft, assault. three violations notify contact orders connected to domestic violence and as you can see from his face tattoos on his mugshot he has not made a lot of

. >> jesse: wasn't it her husband bill that paved the way for china to get into the wto? right under the bus. wouldn't be the first time she stepped on him on the way to the top. here now fox news senior political analyst brit hume. am i making too much of this, brit? i am sensing something. are you sensing anything there? >> well, if your point is that she would love to be back in power. you are obviously absolutely right. but i think you would have to -- city stage you would have to say that she is a long shot. it was said of her back in 2020 the only democratic candidate that donald trump could have beaten so what's her slogan going to be? vote for me, democrats, i did what -- i did what joe biden couldn't do. i lost to donald trump. you know, i think, you know, if you drill down on this a little bit. yes, going out and participating in fundraisers for candidates in your party, that's a classic way that you try to build up ious so that you know, elected officers or other politicians in your party will support you are when the time comes. you look back to the comeback m

so for me the way i'm looking at this year and the bar bell a prech going in is wto this yeard healthcare has underperformed and it is still down 7% and we are looking for that return on elected surgeries which hopefully as this variant continues to evade around the northeast and across the country, healthcare has tailwinds to grow from here and then as we look at tech, mega-cap tech and obviously looking at the numbers as i referenced earlier with apple and microsoft. microsoft is an opportunity for us here, and i think it's a little over 10% its 52-week high and we really like the activision blizzard deal there are some names here they think we're looking at and also the other piece is smh the semi space has gotten hammered earlier in this year down 15% and qualcomm is one that we really like here so those are some of the names and areas that we see as opportunity here in the short run. >> yeah. and in the short run we are bracing for a lot more mega-cap tech earnings and alphabet is reporting after the bell today issue jo, you own this one so what are you expecting? what do you want to

manning noted in foreign policy in 2020, beijing is not trying to replace the imf, the world bank, the wtont role in them. in the past beijing has voted for and supported sanctions against rogue regimes like libya, iran and north korea, though that cooperative spirit has been waning, especially in recent months. it has used its veto on the u.n. security council far less frequently than russia or the united states. don't get me wrong, china poses a critical challenge to america, but much of what we need to do to combat it is in the realm of domestic policy, enacting measures that would unleash american innovation and competitiveness. europe's greatest 19th century statesman was otto van bismarck whose strategy was always to have better relations with each of his adversaries than they had among one another. ever since richard nixon and henry kissinger drew china away from the soviet union in 1972 for decades the u.s. was closer to russia and china than they were to each other, but not anymore. there was talk in washington about attempting a reverse kissinger, an effort to win moscow away fro

we are watching samsung after the wto cited with south korea over trumps tariffs.so seen a few earnings resorts -- results out of south korea. we will be watching all of those names. coming up, we will speak to a top advisor to a hong kong chief executive about the restrictions and impact of the so-called dynamic zero covid regime. we will also talk about the risk of policy mistakes and how that might impact the market outlook. market opens in tokyo and seoul, korea our next. this is bloomberg. ♪ yep, it's go time with wireless on the most reliable network. ok, that jump was crazy! but what's crazier? you get unlimited for just 30 bucks. nice! but mine has 5g included. wait! 5g included? yup, even these guys get it. nice ride, by the way. and the icing on the cake? saving up to 400 bucks? exactly. wait, shouldn't you be navigating? xfinity mobile. it's wireless that does it all and saves a lot. like a lot, a lot. ♪ shery: welcome to daybreak asia. haidi: asia's markets have just opened for trade. our top story, asian stocks sets to track wall street gains while 10

our values, because that is the problem that we have after 20 years since china's accession to the wtoe seen the economy rise, but we have also seen a lot of unwanted authoritarian influence that the china has in the united states and among allies. how to confront that problem while preserving are economical and political freedom at home is the biggest challenge and how well we do not respect will be determining the success of u.s.-china competition. host: should we be looking at imports and exports to measure how united states is doing against china economically? guest: that is a great example because it talks to the good import from china that may have been made with forced labor. that is driving conversations about why we should diplomat -- boycott the olympic games, because that was seen as a way to counter china's human rights abuses. if you go to walmart or pick up a cheap god made up china, chances are it might be -- a cheap good made in china chances are it is made with forced labor because there is no way to check where it was made from. that is the information problem we have

they went into the wto 20 years ago.don't have a procurement agreement with them that allows the united states businesses to compete for business in china, even though chinese businesses can compete in the u.s. i think that is outrageous and we ought to enforce the provisions and not let them get away with it. host: politico this morning has an article about mask mandates. mask mandates, contact tracing going away and a lot of the blue states are getting rid of these mask mandates. do you support that? is it time? guest: i think we are reaching a point where it is time to relax it. americans have responded. in my state they were amazingly vigilant. we have had better performance than many other states to try and be sensitive to the needs of protecting their families and others by using the mask mandate and getting vaccinated. the crisis we have is largely one of unvaccinated people who do not respect the mask mandate. those that do have a much lower rate of infection and hospitalization. it largely ran its course with th

foreign policy, when we supported, the united states supported china's entry into the wto, they wouldssive, and instead, the opposite has happened, it's more repressive and the corporations are lobbyists for the regime. it's not the chinese government pressuring enes freedom to stop talking, it's the nba and the corporate sponsors, and on capitol hill it was nike and coca-cola and apple that were lobbying against the uyghur-forced labor prevention act, a bill to bar exports of products from forced labor. these corporations have become foreign agents for the chinese communist party and enes freedom has called them out on them. >> john: and michael waltz of florida were trying to get on air during the olympics, nbc said no, we have the ad for you. >> outside the show, rape, genocide, slave labor, american companies are drunk on freedoms. >> john: in your fine column in the post you suggested that was the last straw for enes kanter freedom. >> one of the sponsors is nike, the on-court apparel of the nba. he says if you see a nike product made in china, put it down. nike is not happy with

i mean, they went into the wto 20 years ago.l don't have a procurement agreement with them that allows the united states businesses to compete for business in china even though chinese businesses can compete in the united states. i think that's outrageous and we ought to enforce the provisions and not let them get away with it. >> politico this morning has an article about mask mandates. and it says, mask mandates, contact tracing, are going away. and a lot of the blue states are getting rid of these mask mandates. do you support that, is it time? >> i think we're reaching a point where it's entirely appropriate to relax it. americans have responded. in my state, they were amazingly vigilant. we've had better performance than many other states to try and be sensitive to the needs of protecting their families and others by using the mask mandates and getting vaccinated. i mean, the crisis that we have is largely one of unvaccinated people who don't respect the mask mandate. those who do have a much lower rate of infection and hos

and i wonder, did that happen since china has joined the wto? >> no. it did not. and i think that -- i was involved with this debate when it was taking place in the late '90s and 2000. i have a poster that's out of sight, it says "no blank check for china," because that was more or less the provisions under which they were admitted to the world trade organization. and this idea was built on trust philosophy, that this reform would take place. it clearly hasn't. china is more authoritarian, it's cracking down on human rights, it's no more democratic, it's no more open to the world in terms of a fair trading regime. it's certainly benefitted from its membership in the world trade organization. and big global companies who wanted to source and look for very low cost labor and communities in which they could exploit the environment have done very well through this as well. but who has suffered? workers have suffered. the environment has suffered. chinese people who disagree with the government are certainly no better off than they were. and you saw manufacturing get a