if beijing tries to impose its rule, there joe biden, and she, jim pink, talked for 2 hours and are reportedly exploring the idea of meeting and person face intentions. flared when it was reported that you as how speaker nancy pelosi was planning to visit the island. chinese state media say she warned by to not to get involved saying, quote, those who play with fire will only get vert president, she's in pings, molding to the us made headline news in china. what was his message? he don't play with fire over taiwan. b to our conversation was said to be broad ranging, but tensions over a potential visit by washington's 3rd most powerful politician here dominate to be agenda. hampstead. beijing fused high one as a breakaway state of the mainland on denounces any political engagement which i pay on this democratically elected government. as i said to me, these remarks once again showed that such an u. s. politicians flew out of the selfish interests, want nothing but tensions in china. us relations turbulence across a tie, one straight and chaos in the world. change up places, ill intentioned. her

and jim pink spoke for 2 hours on the call that beijing is described as candid, recent tensions flag when it was reported that us house frequent hello see a plans to visit the island towards chinese state media. say she warned by not to get involved saying those who play with fire will only get i talked to professor shelley rigor from davidson college in north carolina. she specializes in relations between the us, china and taiwan. and i asked her if this call has changed anything, i think it's really hard to say that something has changed to materially already. but i think the call is significant in a couple of ways. first of all, the fact that it happened means that she didn't ping and president joe biden are trying to talk to one another and trying to navigate through this very difficult moment. and then the 2nd thing that i think is noteworthy out of this conversation is that president biden affirmed that u. s. policy has not changed. and while i don't think their p r c leadership always entirely believes president biden, and other american leaders when they say that the fact tha

that is an event where she, jim pink, could see himself either strengthened or weakens. so both leaders need to lose power coming out of this telephone conversation. we're still waiting any minute now for an advisory on what could have been discussed because you see the white house sense of readout, but that hasn't arrived yet, so they may well still be talking by it's been especially on popular with by jing though, hesitate with his coles for promises to defend taiwan. yes, he answered, yes. when he was asked whether he would defend taiwan, potentially, militarily the united states have committed themselves to military support. also legally. at the same time, they don't recognize taiwan as an independent state and to pursue something called of one china policy as well. so what, where does that leave both sides well, in a potential stand off as we are observing china and exercising more and more power and demonstrating more power in the south china sea. this all already came to a head in the mid ninety's, which in the end is so china actually sending rockets into the sea

actually, it feels it's, it's been very successful and it's more, you know, as you see now under she, jim pink. it's much more interested and it's model being something that the rest of the world can learn from. now, in his speech marketing this anniversary, just being promised to uphold the one come to 2 systems model. is this really a model that is still in place and what can we make of this? i think when you read statements like this, it's a bit, you know, you have to sort of see what people do rather than what they say because he is going to say this in terms of trying to justify what's happening in hong kong, internationally and terms of international law, he has to say that this is what's going on. but in reality, you know, the, the new chief executive, john lee is a former police chief. basically, hong kong is coming under much more under china's grip and the one country to system thing. i don't think anyone realistically thinks that's what's going to be the case. so 25 years after the hand over to look into your crystal bowl. where do you see hong kong? 25 years from now, still a separ

that stuff is sitting, being pushy jim pink strategy for imposing a new world order is to walk on 2 legs as now. one said, on the one hand, he seeking greater influence in existing multilateral organizations and on the other. and he's establishing new organizations that are influenced not by the west, but by china on a ship, and which are ideologically in line with its interests and values. listen booker to kill me. yup. more ya. form that i want bit away to neutralize a large institution than to create your own organization to exert pressure question . the most extreme example of this is the 16 plus one format with china on one side and 11 central and eastern european countries in o e u members on the other, so coin laundry, no up in. in addition, there are 5 non e u countries and they're making them more vulnerable to china's influence shinla. this is very worrying for the you which fears fragmentation, bosco city, he's the fragment this your, you're pretty in the context of the silk road. there are over $180.00 organizations around the world lead by the chinese. they are competing wit

pink slip as you go out the door. jonathan: that is not funny. tom: jim bianco joins us this morning. he has a button on his lapel. that was from another time and place, the red button, white letters, gerald ford. greenspan said this will never work. they said no immediate miracles. turn the button upside down. when is the miracle that joe biden needs to fix inflation? jim: inflation is the issue. the debate right now in the marketplace is slowing growth and high inflation. the market wants to center on the idea that growth is slowing, so we have to cut our idea on how aggressive the fed will be, lower interest rates because the economy is slowing. i don't think that matter so much. that priority now with inflation is to bring it down. if the economy wants to weaken, it weakens. as long as prices stay up, you'll see an aggressive fed, higher interest rates, and an inverted curve. to this friday's payroll report, i've been watching, if we get 325 jobs, good news is bad news. that just means the fed can go 75 and talk about another 75 right after that for the september meeting. tom: the hallmark of your work, you lo

pink tie. beautiful. >> i'll sit and listen to you and jim all day long, guys futures went up when the ecb rates, the dollar went up and 2350u churs went up but that's reversed since we opened energy and health care are weighing on the market, unitedhealth weighing it down. take a look at the growthier parts of the market holding up better we're getting a little renaissance in some of these growth stocks. semiconductors still up. consumer discretionary tech was up earlier on it's flatish now and it keeps getting clobbered picking on the growth sectors, look at the travel in the yikes category carnival closed at 11.0 9 and announced that $1 billion stock sale that's a significant dissolution. people wonder if this is a slowdown in the industry they're taking it hard in other parts of the business. probably pay off some debt in 2023, but it sends a signal for the big rally we had in the travel stocks. the inflation worry has been replaced as the number-one issue by the demand question what side of the demand issue are you on here? horton came out yesterday and sold home building stocks, 30% down on the year b