charges as we speak now with steve sang he is a political scientist and the director of the so us china institute in london one of the world leading centers of expertise on china steve thank you so much for joining us what does what we have been witnessing today mean for the hong kong pro-democracy movement. finally it is a very sad day for all kong democracy movement is not unexpected i think. on the steep side sentences really have been generally expected and it is i think a judge was trying to do a bit of a balance between and causing a lot nikolay and allowing some of the sentenced people to have suspended sentences but still it is to send a very clear message to many people in hong kong that peaceful demonstrations are no longer tolerate. and i mean we have had developments we have to say you know since these charges were leveled since this trial and i'm thinking about the other pro-democracy cases which are now pending in the courts for example the nearly 50 activists that have been charged with subversion in february under the new national security law when you look at these most recent ch

charges for speaking now with steve sang he is a political scientist and the director of the so us china institute in london one of the world's leading centers of expertise on china steve thank you so much for joining us what does what we have been witnessing today named for the hong kong pro-democracy movement. 58 is a very sad day for kong democracy movement is not unexpected i think. on the steep sides and considers really has been generally expected and it is i think a judge was trying to do a bit of a challenge between and causing a lot of nikolay and allowing some of the sentenced people wish to have suspended sentences but still it is crucial to send a very clear message to many people in hong kong that peaceful demonstrations are no longer tolerate. and i mean we have had developments we have to say you know since these charges were leveled since this trial and i'm thinking about the other pro-democracy cases which are now pending in the courts for example the nearly 50 activists that have been charged with subversion in february under the new national security law when you look at these m

former boss saying that covert 19 escaped from china's institute of. allergy redfield saying that made headlines everywhere yes it did that stardom and he did say though that he was making those comments. private citizen not as head of the former head of city state but i think this is one of the difficult things i mean there is a report with a lot of evidence of a lot of recommendations about future work now how people interpret someone's for their own political. reasons or other isn't is really up to them what we've tried to do is show what we've done and let people work out what they know what they need to do further and how they want to interpret it we can control the politics of fortune on the science and you and the team but leave the go ahead was circulating around. in china in december 2930 right so the chinese were picking up cases of very severe pneumonia pretty presenting to hospital and that's based on their experience with sars and flu and those sorts of things i think probably what was on week nights at the time was that there 'd was obvio

challenge _ democratic institutions. the china challenge for - democratic institutions. tion is probably the biggest faced by any us administration since the second world _ administration since the second world war. the balance of power is slowly — world war. the balance of power is slowly but steadily shifting towards beijing. that's why we — towards beijing. that's why i've therefore described the 20 205 i've therefore described the 20 20s as — i've therefore described the 20 205 as the decade of living dangerously and us—china relation5, because when you start— relation5, because when you start to _ relation5, because when you start to achieve parity between states — start to achieve parity between states on — start to achieve parity between states on the economy, on the military, — states on the economy, on the military, on technology, then, frankly, — military, on technology, then, frankly, you have much more volatility— frankly, you have much more volatility in their behaviour towards _ volatility in their behaviour towards one another upright and with china's influ

former boss saying that covert 19 escaped from china's institute of. allergy rover redfield saying that made headlines everywhere yes it did.

former boss saying that cope with 19 escaped from china's institute of viral a-g. redfield saying that made headlines everywhere yes it did that stardom and he did say though that he was making those comments. private citizen not as head of the former head of city state but i think this is one of the difficult things i mean there is a report with a lot of evidence of a lot of recommendations about future work now how people interpret that someone's for their own political reasons or other isn't it's really up to them what. we've tried to do is show what we've done and let people work out what they know what they need to do further and how they want to interpret it we can't control the politics of fortune on the science and you and the team but leave her go and was circulating around. in china in december 2930 right so the chinese were picking up cases of very severe pneumonia pretty presenting to hospital and that's based on their experience with. flu and those sorts of things i think probably what was on weeknights at the time was that there was obviously a lot of

decide to have one can that we'll see in the 2030 years down the road more it's rudolph china expert at the german institute for international and security affairs thank you. if you. that's for you now on some of the other stories making headlines around the world. iran says it has begun enriching uranium at 60 percent that's the highest level it has achieved so far the process takes iran closer to the purity needed to produce a nuclear weapon a suspected israeli attack on a key facility has complicated talks aimed at reviving tehran's nuclear deal with world powers. french president a man who in my car is holding talks with the ukrainian leader of a lot of mir is olinsky on escalating tensions with russia german chancellor angela merkel is also taking part where leaders have called on moscow to halt a military buildup along its border with ukraine. several people have been killed in a shooting in the us city of in the apple us gun fire broke out at a fed ex depot near the airport police have confirmed that the gunman is dead. on now to a graphic video were released in chicago where footage from a police bo

saw the quotation that ittor redfield came accidentally from the fir with on - - virology institute f in china. >> is it complete the out of the question? >> no. but we know this kind of virus is present in bats in the sort of thing has happened in human history. i don't think it has any crazy explanation. this is something that people literally expected this kind of thing to happen for decades. we have the original sars. so people are searching for these explanations. and it does make sense to me the reason it makes sense is the overall situation we find ourselves is so awful for most people people would like there to be somebody to blame. we live on this earth with tother organisms and viruses and this is happened throughout human history. it doesn't require a bad actor or a conspiracy. this is how the world works in akand of itself is terrifying. it makes sense people might want to try to find a conspiratorial's solution. host: winchester tennessee. >>caller: good morning. i would like to make a comment about the schools in tennessee. they have opened all the schools without any precautions

this is a strong nation with deep democratic institutions. the chinaiggest _ the china challenge is probably the biggest faced by any us administration since the second world _ administration since the second world war. the balance of power is slowly _ world war. the balance of power is slowly but — world war. the balance of power is slowly but steadily shifting towards beijing _ slowly but steadily shifting towards beijing. the 20 20s are described as the decade _ beijing. the 20 20s are described as the decade of living dangerously in terms _ the decade of living dangerously in terms of— the decade of living dangerously in terms of china —— us relations, because — terms of china —— us relations, because when you start to achieve parity _ because when you start to achieve parity between the states on the economy, — parity between the states on the economy, technology, the military, then you _ economy, technology, the military, then you have much more volatility in their_ then you have much more volatility in their behaviour towards one anothen — in th

this is a strong nation, with deep democratic institutions. well, the chinaiggest faced by any us administration since the second world war. the balance of power is slowly but steadily shifting towards beijing. it's why i've therefore described the 20205 as the decade of living dangerously in us—china relations, because when you start to achieve parity between states on the economy, on the military, on technology, then, frankly, you have much more volatility in their behaviour, towards one another. and with china's influence sprawling beyond its borders, that volatility has the potential to send shockwaves around the globe. kevin rudd, who has met china's leader on many occasions, believe xijinping is a man in a hurry. his doctine on china's foreign policy is to push hard and fast and far in the assertion of chinese interest and values, whereas trump by—and—large was indifferent to most of that in his america first strategy. this administration because it is anchored in those alliances is much more likely and intends to roll back against that. and some like p

china. annmarie: you said it is a good place to invest. where exactly in the chinese market would be a good place to be exposed to? alan: generally, institutional investors in china compared to any other market -- there is a good place for active managers. it is across-the-board from the mega caps notwithstanding the noise. where you do see value is in the small mid-cap area of china, underresearched, companies less than one billion u.s. dollars to $5 billion. you can find multiples 15 to 16 times and strong earnings growth. it is not for the fainthearted. that is an interesting place to invest. we tend to be a fund investor when it comes to china rather than individual security. we will be focusing on funds in that area. annmarie: alan higgins, cio / managing director, coutts & company stays with us. a lot of other economic data to get through. staying with the china narrative, daimler first-quarter earnings significant he topped estimates, driven by strong demand for its flagship mercedes-benz cars in china. matt miller spoke with the ceo. >> we had disruptions in the first quarter. we will continue to have disruptions in q2. we are talking a

china economic security review commission. a partner and see the policy fellow at the mercator institute for china studies picky will support investment management strategic planning and policy announced requirements within the schools expertise which include the rise in emerging economies, the implications for the global economy and i will be remiss not to mention they announced a research partnership with our center to provide quarterly updates a china's policy choices in economic trajectories with the first one being released in june and this project is called china pathfinder. stay tuned. very excited about that one. lastly, geopolitical investing practice at pricewaterhouse coopers u.s. and nonresident fellow of atlantic council. in a capacity she established the practice in 2015 which focus on advising companies and investors on macroeconomics dynamics geopolitical risk and opportunity across global markets. thank you again for joining us. just a quick couple of quick housekeeping items before going to discussion, to make special thank yous, i thank you to my boss and to josh, director of the economic center for leadership and g

china, remains low. we are looking at financial institutions finding different ways to gain more exposure to china, bothies and fixed income securities. on the fixed income side, i know you guys talk about the 10 year treasury yield every day on your show, china is 3.2% on the 10 year right now, so that is relatively attractive for international funds seeking to get additional yields. lisa: could you dovetail the advent of a digital yuan into the conversation, the idea that could potentially lure more money into the nation due to it being on the cusp of more modern technology? do you view it as bringing more capital? jing: i think china has been very judicious in terms of bringing capital onshore, because they do not want to much capital flooding the country, -- too much capital flooding the country, causing bubble concerns. when it comes to capital inflows and outflows, the authorities are very careful in terms of controlling what types of money comes into the country and what types of money can flow out of the country. so we are seeing, in recent years, the gradual internationalization of the chinese

it is dramatically important as an institution for china and a major issue were in one of the largestarket. it leaves the chinese authorities walking a fine line. they're trying to reduce moral hazard by showing that even state-controlled institutions do not blindly enjoy any government guarantee. it will limit the damage to china's offshore market, particularly -- shery: there was some speculation that perhaps they could come between outright default and the bailout, that potentially they could let their offshore subsidiary fail, but leave the system intact. >> i think it's a very unlikely scenario. first of all, corporate restructuring doesn't equal debt restructuring. i think that any debt restructuring most likely will trigger a disorderly chain reaction. domestically and under and offshore market, something the government is truly anxious to avoid. if you look at what happened last august, a much smaller institution made around ¥400 billion and it went belly up. the pboc took it over to prevent any contention. therefore it's hard to imagine the authority would be prepared to let

china's actions? let's ask hutchison's institute rebecca. there was an array of planes.marines what you would need to proceed an invasion. are these -- what are these? are these practice runs? what is going on here? they're practice runs and also designed to intimidate and to wear out the taiwanese. in the past they were sending up their own military planes to escort some of these war planes from china coming in. they stopped doing that to save the flight hours and to save the energy that it takes to do that. because the chinese communist party, they can keep sending these things. they have so many more and they can overwhelm and over powter small democratic nation. they're trying to intimidate and wear them out and weaken their will. >> charles: right. speaking of wakened will, i got chills when i saw the taiwanese foreign minister said they would defend themselves for the very last day. sounds like they're preparing for defeat. >> what they're doing, they're trying to demonstrate that if china decides to do this, china could ultimately overwhelm taiwan. what taiwan sho

china is controversial of course, but major institutional investors have favored china among all growth markets over the last five or seven years. we are sensitive to that. shery: also leadership perhaps when it comes to some pboc tightening moves. we have other emerging markets like russia, turkey and brazil hiking rates. how concerned are you this will materially impact your assets? >> those markets not so much because they have long shied away from frontier. i think your last guest was fascinating from the world bank, talking about contagion. that is a frontier statement. we in earlier days had experience and activity and a frontier. now we are focused on the institutional growth market. we are also -- we did not utilize leverage. haidi: when you take a look at post pandemic trends and what is going to be enduring the next five to 10 years, what do you think is going to be prominent in emerging markets? >> very good question. we have been focused on sectors that are sustainable, durable, scalable. in the pandemic, post pandemic, warehouse distribution, logistics asset light and asset

security policy especially because of the china alexander the cauchy is with the asia division at the german institute for international and security affairs to thank you for your time thank you. i think looking at some of the other stories making headlines around the world. iran says it has begun enriching uranium at 60 percent that's the highest level it has achieved so far the process takes iran closer to the purity needed to produce a nuclear weapon a suspected israeli attack on a key facility has complicated talks and that we can linger tehran's nuclear deal with world powers. french presence of a man who in my car has held talks with the ukrainian leader for a lot amir's olinsky on escalating tensions with russia joins us on american also joined by video link they get called on moscow to halt a military buildup along its border with ukraine. several people have been killed in a shooting in the u.s. city of indianapolis gunfire broke out at a fed ex depot near the airport police have confirmed that the gunman is dead. and a graphic video release in chicago next where footage from a police body ca

china, but this will rival -- will this bible the dollars dominance? not really. what matters is a currencies role in international payments, how deep a country's financial markets are, how much investors trust it, including the institutionalmework, checks and balances. china doesn't quite have that. certainly, a digital yuan, in addition to their cross-border payment system which can talk with other systems, will help the yuan become a more important international currency, but a larger reserve currency, that will take a lot more. jonathan: we hope that you can come back once that book is published. eswar prasad of cornell university, senior professor of trade policy. tom, a question for you from jim bianco. did the totts fire ted lasso? tom: we went to our reporting. lasso was shortlisted for the spurs. jonathan: people tuning in this morning will not know if we are joking or serious on this story. you enjoy ted lasso? tom: it is outstanding. it is on disney. apple tv. there we go. apple did it. it is beautifully gentle. there are so many jokes in it that i don't get. it is a lot like "little britain" that was out a few years ago. they get going with the accents. when the players in particular are talking, i cannot under

environment is deteriorating, democracy will continue to decline, with strains of our national institutions. china's assertiveness will not diminish. russia will continue to be a threat to european security. threats of terrorism remain. new domains in the space of cyber. climate change will progressively impact security. do you agree with that summary, simply yes or no? p.m. johnson: that sounds good to me. >> as we concur, defense spending was 4% gdp. today's threats are more complex and dangerous, yet we remain on a peacetime defense budget at 2.2%. we welcome the shakeup, space was billions is welcomed, but it is coming at a huge price, a sweeping cut to our conventional defense posture, exposing us to the very threats you and i both agree are there. is it not time to move britain, and raise defense spending to at least 3%, not just to defend our interests, but to play a role to counter global instability. p.m. johnson: i have a high regard for your expert is in this area and you and i have discussed this many times. i know that you care passionately about the subject. i just wish to be clear, 2.

story in china is at the forefront of efforts to reduce emissions we're going to talk about that now with ramping song who's developing country climate action manager at the world resources institute joins us via skype from new york welcome so china is the world's largest producer and consumer of coal still building new power stations in fact coal power stations and it's called capacity is larger than all other countries combined so to get to have its carbon emissions by 2030 wishes as it will do it's just impossible isn't it. but he's not in hospital it's going to require restless sure and you know we know that the china i recognize the needs to a chance like the economy i mean as you can see from presidencies remark today that he understands you know a good action on climate is actually for the for the economy and you know clutch kind of the beach and be sure to become or not be the cross country. and you know they were actually have to keep going this colony and the way we just would not do it so it's going to be hard but if it's probably possible can the u.s. and china cooperate illness given the the bilateral ties in general will most issues all issues apart from this. worst

. >> this into c-span's podcast, this week, a fellow at the hudson institute shares her insights on america's relationship with china know your enemy, know yourself. i don't necessarily say enemy, i can replace that would know your opponent or know your challenger. if we don't understand that, everything else really won't matter because it does not address the fundamental issue which is the communist party. >> find the weekly where you get your podcasts. >> earlier this afternoon, the white house press secretary held a briefing on the news of the day. she answered a series of questions about president biden's proposed infrastructure plan, including an increase to the corporate tax rate, application of funding for roads and bridges, and possible compromises with republicans. she also clarified the white house expectations about johnson & johnson's ability to meet vaccine supply deadlines despite recent contamination of 15 million doses. this briefing is 45 minutes.

china. it is a systemically important institution.e is a likelihood the pboc will allow them to enter a messy default's -- default scenario. -- will not allow them to enter a messy default scenario. if it did, the yuan would have to medicine effects and therefore we do not think -- would have tremendous effects we do not think china wants to see that happen. paul: considering the government is there to play backstop, what sort of impact has the saga had on the broader appetite of dollar bonds in china. >> spreads have widened in both the investment-grade side as well as the high you side. we think that actually creates a buying opportunity for china related credit or broadly asia related credit. where fundamentals are still sound. yet valuations are still meaningfully wider than u.s. counterparts or european counterparts. we think that what is happening with huarong is crating a buying opportunity for the rest of the market. shery: do investors want to get right now in china we have learned how uncertain and opaque the market still is

deputy particularly in europe that increase the pressure on china to get it ok paul simon handy with the institute for security studies giving us an update on the situation in chad tonight mr dewey precinct your time your insights thank you for coming. back here in europe the european union's medical regulator has backed the johnson and johnson could that 1000 back seem despite a possible link to blood clots last week the company halted its european rollout amid concerns over rare but potentially deadly blood clots the e.m.a.'s says that the benefits of the vaccine outweigh the risks but that a warning label should be added to the vaccine for. the european medical agency has given johnson and johnson's one shot clothed 9 tame back same the green light despite finding a possible link to rare blood clots the benefits of the guards continue to outweigh the is risks and we now have detailed information in the labeling that alerts to these risks we have detailed information provoke care professionals in case in case there are any issues the e.u. paused its rollout of the johnson and johnson vaccine las

china has reached what they call the infection point. so general, a recent report by the independent institute for defense analyzes concluded that neither china, russia, nor north korea would view the united states adoption of a no first use policy on nuclear weapons as credible. they just wouldn't believe us. as a result the united states adoption of a no first use nuclear policy would likely have little or no impact on their nuclear ambitions or policy, but what it would do is significantly undermine the confidence of our allies in the united states security guarantee. so i'd ask you, general berrier, first of all, do you agree with this assessment? and then, do you know of any organization, any intelligence assessment that you're aware of that would contradict these conclusions? >> i'm not aware of any current intelligence that has been produced lately that discusses that topic. i believe that the russians and chinese evaluate their own deterrent capabilities and look at threats broadly across the globe and make decisions about their nuclear force the same way we do. >> and in your personal opinion? >> my opinion is that any statement

institute of virology, we hear crickets. it's not a political narrative for this administration. the folks who have gotten soft on china folks that have gotten rich on china and want to continue to do business. half a million americans died from covid-19 than died from all of world war i and world war ii. so, you know, again, we deserve answers to that. this administration should be probing those issues but, again, they seem to be going the opposite direction. maria: all right, real quick, john, before we go, i have to get the breaking news out and the breaking news is policy institute that you will be part of. america first policy institute. you'll be officially announcing this on tuesday of this week and i know that you are going to be focused on national security. what can you tell us about that and is there anything that you want to say about the iran deal which appears that joe biden would like to get the united states back into, meanwhile there was talks this past week, china, russia meeting to talk about the iran deal. the united states wasn't even invited. john: well, maria, you know, the america fist policy in

week how he spoke about china several times and said it was deadly earnest on becoming the most significant consequential nation in the world. but, as the policy agency institutechina but i think part of it is a recognition that asia is where it is happening, it is where the — it is happening, it is where the growth is, where the dynamism is, the innovation is. it dynamism is, the innovation is. it is _ dynamism is, the innovation is. it is where _ dynamism is, the innovation is. it is where the geostrategic challenges are. if we are not working _ challenges are. if we are not working closely with our asian partners. _ working closely with our asian partners, ourability working closely with our asian partners, our ability to address these transnational challenges like climate change, weather — challenges like climate change, weather conditions, future pandemics is not going to be effective. ~ pandemics is not going to be effective-— pandemics is not going to be effective. ~ . , effective. when he cut her, she went on to _ effective. when he cut her, she went on to say _ effective. when he cut her, she went on to say that _ effective. when he cut her, she went

china of course. it's probably the wuhan institute of virology. sease and china spread it beyond their borders. biden is trying to help them by rejoining the world health organization. on critical infrastructure, china turned off the lights in india's mumbai last october. what did biden do? in his first hours in office he repealed president trump's may 1st, 2020 executive order that prohibited grid operators and utilities in the u.s. from buying chinese equipment, equipment that probably is sabotaged. what biden is doing, it's worse than not doing anything at all, maria. what he's doing is he opened the door to china turning off america's lights. maria: it's unbelievable, gordon. i mean, why? is this administration compromised by the communists because of money, because of money exchanging hands? i'm trying to understand why. i've seen your tweets this week, gordon and you're talking a lot about china's regime needing our money, they need our technology. so how come we're selling things? you say cut off the critical lifelines, prohibit things to ch

china. the opposition in charge has denounced what it's calling an institutional coup that's after the song slain president idriss deby was appointed as leader he will morgan reports will in germany. it is that he was president of chad for 3 decades on the day of the news of his death it was announced his son mohamed will lead the country for the next 18 months as head of the transitional military council. the head of the government was a party says there are reasons for the military to take charge. it's understandable that the constitution says the speaker of parliament should be in charge but it's also understandable why the military is the one in charge what needs to happen now is a dialogue to bring other parties and groups to form a joint military civilian council to lead the country to democratic elections idriss deby who left the country since 1990 died from injuries sustained while leading his soldiers against the rebel front for change and concord group in the northern region of based in libya the group launched an attack on a border position on april 11th days of fighting to push

amends and take action france has defended the recent military takeover in china despite the opposition calling it an institutional coup france has about 5100 troops base. and from there we will go back to the leaders meeting of underlaying the european commission chief is speaking for i want to thank president biden for convening this meeting on our estate the paris agreement is humanity's life insurance and at the cup 26 and last call we must show that we all have understood this and that we are ready for more climate action because we are getting dangerously close to one and a half degrees of global warming science tells us it's not too late yet but we must hurry up and that is what europe is doing. 11 days after taking office my commission launched the european green deal for transforming our economy. and yesterday we agreed europe's 1st ever climate law with the european parliament and our 27 governments as i mentioned with this rewrite into stone the goal to set out set out by the european green deal to make europe climate neutral by 2050 and we have also agreed to reduce greenhouse gas emissions by at least

the city is a widely known for viral studies in china including the wuhan institute of environment --ology that experimented with bat coronaviruses. you are the former cdc director and you were the director at the time this was all happening. >> for the first time the former cdc director is stating publicly that he believes this pandemic started months earlier than we knew and that it originated not at a wet market but inside a lab. in china. >> these are two significant things to say, dr. redfield. >> that's not implying any intentionality. it is my opinion. but i am a virologist. i have spent my life in virology. i do not believe this somehow came from a bat to a human and at that moment in time the virus came to the human, became one of the most infectious viruses we know in humanity for human-to-human transmission. normally when it goes from a zoonode to a human, it takes a while to figure out how to become more and more efficient. i don't think it makes biological sense. >> in the lab do you think that process of becoming more efficient was happening? is that what you were sugges

china fob. particularly this is been held by a lot institutional investors., allianz have all had exposure to the bond. if it's mandated and very popular carrying it trade for trade. the problem is that the bond is stuck in no man's land. $.50 and $.60 is still too expensive for investors who are interested in special situations. they are looking to have something in the $.20 or $.30 range. at the same time, investors have a safer mandate that would particularly by a state owned bond that has a temporary fall in prices. this bond is now too risky for them to buy. juliette: what is the next catalyst for investors to watch out for here? >> the deafening silence both from beiji the lack of information from the company. investors are saying that it has really added to a concern as of late. one extent line is by the end of april 30. and the other thing is the $7 billion bond do for the year. and it is a concern about the refi interest. and that has been quite closely at the repayment of three other bonds this april, including one next week. rishaad: rebecca wilkin

they are leaving australia and china at the retail level but want to beef up their institutional clientroup in asia and focus on citigroup's global wealth in singapore, hong kong, and london. meanwhile, j.p. morgan chase sold her team million dollars in bonds, the largest bank deal ever. could be related to recent changes in regulatory relief banks. finally, ceo's of six of the biggest banks are being called to capitol hill to testify next month before lawmakers. we don't know the topic, but many are speculating the tone of the meeting could be tough. back to you. rishaad: su keenan there for us in new york. bank of america chairman and ceo brian moynihan speaking to bloomberg about their results. >> at the end of the day, the economy affects of a bank like ours affects the whole financial system. the good news is this is a health crisis in the very good news is you are seeing vaccine numbers go up and the ability to reopen, and you are seeing people move around, so our spending levels for our bank of america consumer customer base work record in the first quarter. march was the biggest

all comes, i noted, as coinbase goes public and more institutions are getting involved with crypto and china is pushing ahead with a deitch it the yuan. does the u.s. risk falling behind decentralized finance, if it is a financial revolution that changes the way we look at markets, trading and finance at large? >> such an interesting question. the reason it's an interesting question is, there's people in the u.s. and then there's the u.s. government. one of the competitors, in my view, to the primacy of crypto networks and bitcoin and other currencies is traditional fiats. the most powerful traditional, franka so positive steek globally is the u.s. dollar and the government backed by the united states. if i'm the united states government i'm thinking hard how to balance this supporting an ecosystem and primacy of the dollar, which is so important. one thing i would consider the other element i consider is the fact that with respect to geopolitical risk, the cryptocurrency is actually trying to speak to a very important trend. trend of decentralization. seeing it in cloud, in the media, seein

china areas. i can replicate some of what the u.s. has done to bring foreign institutionshe knee towards the u.s.. now you have a threat to that going forward as china tries to exert the authorities they have granted themselves. lisa: does this nervousness represent itself as retrenchment or is it just wariness? daniel: it is wariness although you are seeing potential moves of retrenchment as businesses organize themselves going forward. you've seen some blanks spit off their -- some banks split off their businesses in china and split the organization from the rest of the world to keep it more manageable. there is a lot of contingency planning happening a class a lot of -- across a lot of large locals. lisa: went as the next time you are getting on an airplane and going overseas? daniel: i do not know. i think my family is ready for me to do it quite soon. lisa: i think that goes for all of us. daniel tannebaum, thank you for being with us. what a week. jonathan was right, getting us to the weekend. the question about the foreign policy of president biden tied to earnings

the institute financing the vaccine is importing raw material from china, forcing it to suspend outputin japan restrictions will be reimposed in tokyo and okinawa three weeks after a state of emergency was ended in the capital. more uncertainty for the u.k. travel industry. the department for transport says covid testing and quarantine will be compulsory whether a foreign destination is red, green, or under a new system. it is too early if travel resume in early may or later date. barclays said they should not work after 9:00 p.m. except when staffing live deals. they say it is reworking its policies to protect younger bankers mental health. barclays and its rivals have been trying to address burnout among junior staff. global news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. matt: thank you very much laura wright. coming up, more from the fed. we will speak with vice chair richard clarida to later today. it is an important interview. cudmore is going to watch. this is bloomberg. ♪

. >> this into c-span's podcast, this week, a fellow at the hudson institute shares her insights on america's relationship with china. >> know your enemy, know yourself. i don't necessarily say enemy, i can replace that would know your opponent or know your challenger. if we don't understand that, everything else really won't matter because it does not address the fundamental issue which is the communist party. >> find the weekly where you get your podcasts. >> earlier this afternoon, the white house press secretary held a briefing on the news of the day. she answered a series of questions about president biden's proposed infrastructure plan, including an increase to the corporate tax rate, application of funding for roads and bridges, and possible compromises with republicans. she also clarified the white house expectations about johnson & johnson's ability to meet vaccine supply deadlines despite recent contamination of 15 million doses. this briefing is 45 minutes. >> hi, everyone. good afternoon, good morning. ok, a couple of items for you. yesterday the president laid out a capital investment in america that wi

the white house are ramping song is from the world resources institute he says tackling the climate crisis should be an opportunity for china and the u.s. to improve relations. climate change is one of the. it's not the only area that the 2 countries had a very common interest and i think for the sake of all countries that they will have to work together on this issue and i don't see any reason not to and frankly speaking 2 countries can agree on the common culture as a common goal but that using different approaches you know they can't they can't they can't even. reconstruct a competition trying to raise you know trying to. get all the countries to become the more ambitious countries to be the case missions and be the country that actually need to make a solution technology so there's a ray of hope countries that get a foot think oh that's a home that unleashed at the complex competitive element because i own country we know that to china i recognize the need to translate the economy i mean as we can see from presidents just remark today that he understands you know taking action on climate is actually for the for the econ

last year that's the highest amount the institute has recorded and more than 30 years as in previous years the biggest spenders globally are the united states china india and russia last year the united kingdom joined them and the top 5 spending on arms rose in europe 2 with germany moving into 7th place worldwide ahead of france. germany's covert 19 vaccination campaign has been a widely criticized for being off to a sluggish start but it's slowly picking up pace until recently the rollout focused on vaccination centers across the country but now family doctors can also administer the shots more than a 5th of germans have received at least one dose and the number of daily inoculations is on the rise but behind the scenes problems remain we visited 2 doctors to get a closer look. one shot after another under 10 minutes per patient dozens of people are now getting that covered vaccine every week here at sibley look at such times practice the family doctor is happy she's finally involved in the vaccination campaign but not everything is going as planned delivery problems are a headache and ethen before voting in the 1st week had promised 48 doses b

germany has passed 3000000 infections the robert capa public health institute says more than 78000 people have died from or with covert 19 china's top disease control officials says the country is formally considering mixing covert 19 vaccines for greater protection against corona virus well that's after data showed china's domestically produced a vaccines were less effective than some alternatives and australia has strapped its target of inoculating the adult population by october although they say the astra zeneca vaccine should no longer be given to people under 15. cents for susan now if we athletes around the world are preparing to travel to tokyo for the olympic games this summer but many are still waiting to find out if they will be vaccinated against coronavirus ahead of the event in germany the debate over whether athletes deserve to jump the queue trost strong opinions from both sides. alexandra and dolo. chile's only 2 and javelin thrower thomas all want to compete at the olympic games whether they've been vaccinated against coronavirus or not germany is following strict vaccine rules only people in high priority grou

has surpassed 3000000 infections the robert cock public health institute says more than 78000 people have died from or with covered 19 china's top disease control official says the country is formally considering mixing coal with 1000 vaccines to offer greater protection against the virus that's after data show china's domestically produced vaccines were less effective than some alternatives and australia has scrapped its target of an ocular leading its adult population by october health authorities say the astra zeneca vaccine should no longer be given to people under the age of 50. coronavirus restrictions are being eased in england today non-essential shops hairdressers and gyms will joint joint outdoor spaces and pubs to reopen prime minister boris johnson is calling it a major step towards freedom the openings come after us fast vaccine roll out and falling numbers of corona virus cases and deaths but the government is also warning people against complacency. for 3. 1 ladies and gentlemen take your seats at your 1st break they found out it's been a long wait for this pub in london but it was ready to open its doors the

we're working and we believe we have the largest institutional emerging market franchise in the world. china is being added to both develop market, government bond ind indasees and we're hopeful we will be approved in the not too distant future. >> investors seem to be interested in long-term goals and growth some of the analysts always are focused on margin. 1% margin this, 1% margin that i think you got a clear view for our potential investors what you believe about the long term. >> we have a great margin business already and margins expanded nicely last year to 54% but we're really focused on h maximizing this long term growth opportunity and requires a lot of investments we're not managing the business to short term margin we're really trying to capture as much of this opportunity as we can longer term for our shareholders and margins will fluctuate up and down. we have a highly profitable business but the most important thing is capturing this fantastic opportunity for long term growth. >> in that sense i shouldn't say there is a ceiling on electronic trading, right >> answebsolutely n

institution. and you know, fortunately this all started in china which from the get-go was not providing accurate information to w.h.o. heidi. >> high totally agree, that is part of the complication right now. actually there are some corners of the world that do not trust global entities who they see as counting and controlling basically. so, i think also in this era we are in, we see obsolete change public in a decade or two decades ago. they don't want one universal truth. they would not trust it. they want something that is locally evidenced that they feel is more tangible. in fact they feel like the truth has become far too remote from them. they do not have a say in it anymore. i don't have any ownership of it. i do think we need credible sources. but it also needs to be endorsed locally. because if it's not it's not worth its weight in whatever. >> i wanted to shout out to heidi. one big learning experience for me this was like 15 -- 20 years ago when heidi worked for unicef, as an anthropologist was that she taught me about why some parents would refuse to vaccinate their children in place

currency but i think the longer america and american institutions ignore blockchain, defy, these kind of things it gives these other nations, particularly chinaort of a beachhead and that does worry me in total. i want to get your thoughts though on these steps towards the so-called libertarian any vaughn n i think you talked about most of those before. >> i think so. you have to keep in mind that in the rest of the world, latin america, africa, the middle east, and asia, there are over one billion cell phones and over one billion mobile accounts. those people know how to use their phones to transfer money. you give them a digital currency, they're in. take them five minutes to start to adopt it. if they're going to design the new world currency and we decide to sit out of it, and the chinese decide to have a seat at the table helping them design the currency, china may not run it but they will have had a hand playing on how it works where on the other hand anti-money laundering rules, know your customer rules, warren buffett says it is red poison, stay away from it, stay away from it, and next thing you know it is the world standard and we h

jack king is here on what is behind china's 400-dollar investment deal with th age-related macular degeneration may lead to severe vision loss. so the national eye instituteears of clinical studies on a formula only found in preservision. if it were my vision, i'd ask my doctor about preservision. it's the most studied eye vitamin brand. if it were my vision, i'd look into preservision. only preservision areds2 contains the exact nutrient formula recommended by the nei to help reduce the risk of moderate to advanced amd progression. i have amd. it is my vision so my plan includes preservision. want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. maria: tensions are heating up tween taiwan and china after recent chinese warplane incursion into taiwan's defense of airspace one navy commander says the sit