your booker is president of the european chamber of commerce in china. he joins me now for more. your, this was not the best news on growth from china, and then we still have issues including unemployment, property market issues also global, the global downturn looming. how are your pin businesses in china experiencing this moment right now? well today's data center security proving that 0 tolerance comes at a price. i mean so. busy point 4 percent growth year and year is virtually nothing . they are targeting still 5.5 percent for the whole year. that seems to be impossible. and just keep your mind that today we're still suffering from locked down. so say me lockdown. so say you want cities are still in this kind of condition, which means a cool, 250000000 people are suffering from simply locked down a lock downs. that 75 percent of g d p is hit like this. so in a way, it's not going to go away, it's actually just maybe the started. so it's very worrisome for european business how the economy is developing right now. you would expect then that there will be further locked down in

now, earlier we spoke to president of the european chamber of commerce in china. your worker, he said loc downs in china 0 cobit strategy are clearly impacting the country's economic recovery. well, today's data set up can improve the 0 tolerance comes at the price. i mean 0.4 percent growth year and year is virtually nothing. they are targeting still 5.5 percent for the whole year. that seems to be impossible. and just keep in mind that today we're still suffering from low down. so similar down 31, cities are still in this kind of condition, which means a cool, 250000000 people are suffering from 70 locked on a lockdown for 75 percent of g d p is hit like this. so in a way, it's not going to go away, it's actually just maybe the start. so it's very worrisome for european business how the economy is developing right now. like every other event this year, the g 20 summit in indonesia is being overshadowed by the impact of russia's attacks on ukraine. the finance ministers and central bank chiefs from leading industrialized and emerging economies are gathered there.

your booker is president of the european chamber of commerce in china. he joins me now for more years. this was not the best news on growth from china, and then we still have issues including unemployment, property market issues also global. the global downturn looming. how our european businesses in china experiencing this moment. right.

your booker is president of the european chamber of commerce in china. he joins me now for more. yeah, this was not the best news on growth from china. and then we still have issues including unemployment, property, market issues, also a global the globe.

in hybrid cars the first half of the year. tesla reports it sold 504,000. the company blames lower sales on supply chain problems commerce shutdowns in china, after recent covid lockdowns. >>> and the title for the youngest self-made women billionaire in the united states now longs to singer and fashion icon rihanna forbes reports at 34-years-old with a ten digit net worth rihanna is the only woman on the billionaire list under 40. the next youngest, that's kim k. she's 41. >>> on wall street, the dow down 129. but it was down northern 700 earlier in trading the s&p up six it had been down the% at session lows the nasdaq up 194. i'm shepard smith on cnbc. it's the bottom of the hour. time for the top of the news the warnings were everywhere of travel chaos. so was it? cnbc's phil lebeau with the number >>> boris johnson, fighting to stay in power with his government in crisis top cabinet members who signed a protest. but first, basketball star brittney griner pleading to president biden from a russian prison today griner's spokesperson released excerpts from a letter she hand wrote to the president. it reads, in part, as i sit here in a russian prison alone w

in beijing has not commented on the idea. that u.s. commerce secretary gina raimondo says president biden will announce a decision on easing some china tariffsbiden said on sunday that his administration is still in discussions on the issue. raymundo also says u.s. lawmakers are playing politics with national security by delaying legislation, for boosting funding for domestic chipmakers to compete with china. secretary raimondo: if we are going to do this, what can they do on their side of the equation? while i cannot say for sure, certainly that is possible. if it does not happen immediately, it is something we will continue to pursue just in the interest of, as you say, fairness. if we are lifting tariffs, what are they going to do? su: you can hear more from our interview with commerce secretary raimondo in a few minutes, including details on the china discussions and issues around the chips bill. australian prime minister anthony albanese were promised a new era of climate action and energy intervention in a speech on tuesday to the sydney energy forum. he will repeat his promise for new legislation, including a target of emission cuts b

in san francisco. now the china town chamber of commerce have announced a $20,000 for any information that leads to the arrest of the suspect. $12,500 from the oakland police and $7,500 against the crimes against asian rewards fund. they help fund more police presence and security cameras. the hope is for other oakland communities to use that model, as well. >> so currently, i not have many issues. keeping all residents and businesses safe. >> the funding will also help assign a police officer dedicated to little saigon. >>> a woman in the east bay is honoring each homicide victim in oakland. her daughter was shot and killed in oakland in 2014. and not a day goes by where she doesn't think about her daughter. now she plants crosses in front of a church so each victim is not forgotten. >> reporter: cassandra madison plants a cross into the ground here in oakland. >> i'm hoping that everybody realizes that these are really people's lives that were taken from them. and they have to be represented. they still have voices. >> reporter: each cross has a name, their age and the day they were kid. some victims

in san francisco. now, the china town chamber of commerce announced a $20,000 reward for any information that leads to the arrest of the suspect. 12,500 comes from the oakland police department, 7500 the crimes against asians reward fund and they want more police presence in areas, too. >> china town community currently, we're also wondering was oakland and all communities and keeping all residents and businesses safe. >> the funding will also help get a dedicated police officer in oakland's sign on where this shooting happened. >>> today fire watch now, finally some good news in the fight against the oak fire near yosemite. d dana bacchus reports. >> reporter: nearly 3,000 firefighters working around the cloc a making progress containing the oak fire near yosemite national park. a wave of humidity moved into the area overnight allowing crews to work on hot spots and set up control lines. tuesday morning the fire scorched 28 square miles and 26% contained but this fight is far from over. >> this brush has been on the ground for years that is tender dry and takes a spark and you have a fire. >> reporte

commerce, we take immediate. >> in stop. the surreptitious flows updated back into china. virginia tech cybersecurity expert aaron brantley is looking to lawmakers for a legislative solution to require on shoring of u.s. national data. he says then private data wouldn't be allowed to leave the u.s. without specific legal permission. senator warner doesn't thing full on shoring is the solution, but believes national data, privacy regulations are long overdue to talk is quite popular, but it shouldn't be. >> that popularity of the cost every americans, individual privacy in washington. i'm hannah brandt. according to a new report, some of the biggest social media platforms are failing to stop hate and threats against there. >> lgbtq users, the advocacy group, glad says a majority of lgbtq people say that they have faced menacing posts or comments when they're scrolling through social media. the report states, the tech companies are withholding information about how they respond to those attacks. revealing few details about how they take down posts or accounts that push hate

there's been days when you wake up and china is down big time because they shut the casinos in macau or shut down a city in china. so if we start getting affected commerce-wise, that's another story. for cities to put on masks, no biggie at this juncture. i had it. after two days i felt fine. as long as that type of virus continues, we'll be in good standing and the market will be on its merry way, depending on interest rates, oil prices and earnings reports that are coming out in droves now. >> neil: they're looking better than expected. but it's a low bar. thanks, gary. covid was afraid of you when it stopped by. they didn't know who they were messing with. >> good. >> neil: continued good health. thanks, gary. there's a lot we're trying to learn about covid and its affects on people. we've heard about the covid fog and whether some of this was popping up in the president's remarks and recent dealings with the media. hard to say. this much is not. it's out there after this. ♪ wg in the pot ♪ ♪ just till they taste what we've got ♪ [ tires squeal, crash ] when owning a small business gets real, progressive gets you right back to living the dream. now,

in the session today, 30 minutes into the trading day. let's get back to the first word news now. laura: the u.s. commerce secretary says president biden will announce a decision on easing some chinaiffs very soon. in an exclusive interview with bloomberg television, she said u.s. lawmakers are playing politics with national security by delaying plans to boost funding for domestic chipmakers. >> if we are going to do this, what can they do? while i can't say for sure, certainly, that is possible. if it doesn't happen immediately, it is something we will continue to pursue just in the interest of as you say, fairness. if we are lifting carrots, what are they going to do? laura: the australian prime minister has promised a new era of climate action and energy innovation. in a speech to the city energy forum, he repeated his promise for new legislation including a target up 43% emission cuts by 2030, and net zero by 2050. green party lawmakers say the targets don't go far enough. >> we will lay a new foundation for sustainable growth and posterity -- prosperity, a foundation that will move us from inaction and delay to one where we create new jobs and drive down emissions. laura: ira

russia, china, north korea, iran and yes, putin is planning to build an alternative architecture. commerce and trade and eventually it will grow into a military architecture as well. in's eurasian economic union and china's road initiative now in the process of degrading even though russia and china are not exactly strategic, they are more like enemy of my enemy is my friend type of relationship. they are more acting of convenience so they can present a very formidable challenge to u.s. interest because china has grown militarily very strong so right now but keeps generals up at night is the possibility of a two front war between russia and u.s. and china and the united states. this is low probability high risk scenario we call it and we must be prepared for that. eric: low probability, thankfully high-risk, yes, i don't hear anything about anything that keeps generals, american generals up at night but i'm glad they are considering every option. thank you, author of putin's playbook, russia's secret plan to defeat america and he certainly has one. rebecca, thanks. arthel: might keep -- thank you, rebecca. keeping the generals up at night, officials and lawmakers war

china. quite an interesting time in given that they are listing tariffs -- lifting tariffs on chinese goods. >> what we know is that the deputy commerceretary was in the netherlands at the beginning of june and end of may. he met with asml. they discussed this desire to limit china's access to equipment that is used in printing computer chips. the computer chips that go into vehicles, computers and mobile phones. this is a chokepoint because china produces very little equipment itself. this is an area where they have a 5% market share globally. if the netherlands prevent asml from selling to china that would cut china off. from being able to produce these chips that are not quite the most cutting edge, not the highest tech. a generation behind what they call mature technology. this is something that has been on the table since a few weeks ago and presented by the u.s. officials. heidi: we do see that pressure from the u.s. administration starting from the at times but the ban on the top administration. how much is this down to the diplomatic relationship. potential talks between proposed unrolling of some of these tariffs? >> this is

the journey of ipos in china, we are mirroring similar business models in southeast asia with a bout a 10 or 11 year lag. back in 2017, it was exactly 10 years after the first e-commercepo of china. the thing that is really interesting right now is to see the kinds of companies that are prospering, we were really curious within our organization to see who prospers in a time of elevated inflation. that is certainly one of the most important areas in the world right now. there have been four major bouts of inflation. inflation of more than 5% since the last 50 years. in the march 1991 period, looking back three years, costo was a five bagger. walmart was 2.8. t.j. maxx, southwest airlines, walmart, some of the best stocks to own. in 1976, it was service merchandise. in 1971, it was jcpenney. we just invested in a company called shopvac. rishaad: this is the one that you wanted to promote, i am guessing. a, what does it do? nick: not sure about that. it is an interesting company. it solves two problems. consumers have very tight budgets during a time of high inflation. looking back at those four bouts of inflation, we are trying to find the jcpenney, the southwest airlin

china's vice peer mere. yellen talked about the global economic impact of russia's war in ukraine for its part, china's commercefs there's been speculation president biden may roll back some of the tariffs. we will get a report from our own eunice yoon in a few minutes. >>> jeff bezos sparring with president biden on twitter at biden tweeted over the weekend gas companies should lower prices bezos tweeted, out, it is straight ahead misdirection or deep misunderstanding of basic market dynamics. the white house press secretary hit back at bezos arguing prices at the pump have only come down a little despite lower prices in past few weeks >>> to the broader markets as we get set for a holiday-shortened week cnbc senior markets commentator mike santoli joins us with more. friday seemed like things were getting better, mike, but the reality always seems to hit home maybe because this tuesday feels like a monday. >> well, yes, and the rest of the world had yesterday to start worrying about things and pricing in global slowdown and all of the rest of the macro stuff that seems to be weighing on the s&p 500 this morni

the president's environmental agenda stalled in congress, we will ask commerce secretary gina raimondo about what is next for climate and competition with china. >>> then, the committee investigating the january 6th attack on the detail, new details about former president trump's conduct during and after the adult. >> i don't want to say the election is over. >> will the revolutions have any legal impact on mr. trump's future? >> i announce i was not going to run for office, the persecution of donald trump would stop. >> we will check in with california democratic congressman adam schiff, a member of the select committee. >>anft a u.n. brokered deal was signed to release vital grain exports, russia bombs the very ports where they're stored as the war continues to roil the global economy, we will talk to ukraine's ambassador to the u.s. oksana markarova. it's all just ahead on "face the nation." ♪ ♪ >>> good morning and welcome to "face the nation." we have a lot of news to get through this morning, but we want to begin on the medical beat with the latest on president biden's condition and the fight to contain both covid and monkeypox. we're j

commerce. >> we take immediate action in stop. the surreptitious flows updated back into china. but virginia tech cybersecurity expert aaron brantley is looking to lawmakers for a legislative solution to require on shoring of. >> u.s. national data. he says then private data wouldn't be allowed to leave the u.s. without specific legal permission. senator warner doesn't thing full on shoring is the solution but believes national data, privacy regulations are long overdue to talk is quite popular, but it shouldn't be. >> that popularity of the cost every americans, individual privacy in washington. i'm hannah brandt. >> san francisco supervisor dean preston wants the city to support starbucks workers efforts to unionize. he introduced a resolution that calls on starbucks to allow workers to unionize without any interference by the company. preston hopes is resolution will put pressure on the coffee chain to stop any anti organizing campaign over 300 starbucks stores across the nation have filed for union elections. coming up next at 3.31, bay area school district soon to become th

china for abroad. something with me, mr. gunter. it's a brand new. a survey over european chem of commerce in beijing. did you already read it? yes, yes i i. i gave it to read earlier this week, but in the past i used to write these when i was working for the european schafer. when more of it, um, so from last year and then all the way back to 2018 was the 1st year that i wrote one. this year survey revealed a dramatic change in business confidence. when asked if they were considering shifting current or planned investments in china to other market, just 11 percent of european companies said yes in 2021. but in april 2022 over twice as many set the same my own interpretation of that i'm considering my experience on the ground and china in the past, including during the pandemic. i'm is, it's less about taking current assets and investment that they have in china and moving it out. it's more about not putting more into china. and instead taking that what they would have put in china, you know, maybe 6 months ago they were planning to do it and said putting it in somewhere like se, asia ah, or parts of africa, parts of um, sout

over commerce with restaurants and stores. forced to close we're flying to hang jo, 1100 kilometers away on china's east coast. on arrival. i of course have to show my corona virus ap again, or in order that i'm given another p c r test in the terminal. even though i showed a fresh negative test from beijing with oh, but that's not all at the exit dream. i have to do yet another test. this time a rapid test. only when that too is negative. can i finally leave the airport? congo as a city of 12000000 people. i know it is a modern, lively metropolis. but the usual popular meeting places are empty. city officials don't want any crowds that might allow covey to gain a foothold. i want to ask some of hung jose residents, what they think about the chinese leadership, strict policies. how honestly they answer is hard to judge. because anyone criticizing the communist party risks punishment was your law newly euro coded is unthinkable will in our country, the focus is on people to shop. we have a huge population that so china will do it differently than other countries. lazoodo whole to tell them, you know, it's a woman she woman talk well, we thought of the chinese people will definit

i attended the installation lunch of the chinese commerce and it was great to see china rebounding after covid. yesterday i did check in with folks at city hall. but, i think, i think it's really good to regularly check in it in that manner. that concludes my report and the meeting is at 9:30 so i still have a few minutes. >> all right, do we have any questions for the chief? yes, commissioner fraser. >> i don't have any questions but i do want to take 5 seconds to thank you before the chief goes to the next meeting for beginning me my day on saturday, for driving me and visiting different fire stations. and somebody who i met on the drill, for helping me with that. >> did you have any questions. >> i don't want to hold the chief, hope to great work. we had pretty busy and just have a great day. >> thank you very much. i appreciate it. >> i believe vice president. >> thank you very much, madam president. madam secretary is this microphone on? do you know? okay. chief i know you've got to go through a meeting so i'm going to hold back. the budget still has to be approved by the board of supes and the mayor. >> by the fu

commerce and others. and we want the congress of the united states to be part of that initiative. >> pelosi has been a critic of china in the past. in fact, back in the '90s when she was congresswoman representing california, she went to beijing and held up a banner tiananmen square honoring the students who were killed by troops during protests. >> china has a long memory. anne makovec, thank you so much. today the health department gave an update on how we're doing in the fight against monkeypox, as it continues to make world and national news. california has distributed more than 25,000 vaccine doses, and asking, in fact, some cases demanding the feds over hundreds of thousands of more vaccine doses. for now, we know that 72,000 more doses will be coming to our state from the federal government. plus, another 48,000 to los angeles county specifically. our state is also expanding treatment options for people who have the virus. that's an antiviral prescription drug that's available at more than 30 facilities statewide. as of yesterday, california had 786 probable and confirmed monkeypox cases. san francisco makes up a

china, and the experts with foreign businesses. there. i'm also the immediate past president of the american chamber of commerce in char, thanks of being with us care. and so we welcome to the string. nice to have you tell everybody who you are, what you do. hi. and so if you can answer and the author of worn at people's history of clothing, and i'm a writer based in brooklyn to have. all right, so i'm going to show you a map, viewers of the shingles region of china. have a look because i'm going to get jo, hard to tell me about the human rights issues with this region, and then come to tell us why it's such a big business region and industry goes to this area. so here we are just going to map it out to you. she jack, when you look at that, joe hall from the human rights perspective, briefly because we've talked to you about this before. what is going on that day is now a law preventing american businesses from doing business day. if force labor is being used. should jack for the past few years, the chinese government has been implementing repressive policies in the we're region in the names of poverty alleviation come back to your religiou

s. commerce secretary did make clear back in march, that it was the policy of united states to put pressure on countries, not to trade, semiconductors with china or russia. here's what was said by the u. s. official. if we find that they are selling ships to russia, then we can essentially shut them down by denying them use of that software. and we're absolutely prepared to do that. policy like they have heard the united states on the global markets in the past, ultimately benefits companies that are in competition with the united states, chinese producers of semiconductors and others. and it's important to note there was an incident. one will recall where the south korean company called magnet shit . you know, they were basically put pressure on them by the us government. they were banned for making a deal. and ultimately the economic consequences were not good. that was an instance where we thought many voices in the united kingdom questioning these us policies that some would say amount to economic warfare. basically, the u. s. government pressuring and using its power to prove that trade between corporation and other parts of the world. pr

to note that back in march, we heard from the us commerce secretary speaking about that, mike and doctor, and how they would like companies around the world to stop trading with china when it comes to this vital piece of technology. this is clearly the strategy of the united states. that is what was said by the commerce secretary. if we find that they are selling chips to russia, then we can essentially shut them down by denying them use of that software. and we're absolutely prepared to do that. now the problem here is that this could, in fact cause disruption and the global supply chain back that you can't raise conductors with china that causes a whole lot of issues. there are many chinese companies that are intrinsically tied up with many other companies and many other countries around the world. and if you start drawing a line like this, that is lead to a situation that can affect entire economy. folks, remember the south korean company magnet ship and that they were affected by us did in that god many around the world start questioning the effectiveness of the policy . now, the united kingdom, in particular, had many looking at the outcome of the pressure on