in china. that's according to a survey by the european union chamber of commerce in china. it says that 64 percent of companies surveyed reported a deterioration and conditions. the highest such results on record. in the annual survey of companies with large footprints in china, say they're an easy about security controls, expansion of the chinese espionage law. and the absence of promised market access. several companies that the business environment has suffered under rising political pressures. here's the chambers, president young's escalating. what they really see in the business confidence confidence survey is that there's an unprecedented level of uncertainty amongst our members about the web which on is developing and that uncertainty, that sort of space across several dimensions. and we wanted to talk more about that with a guest, but because of the technical problems we'll have to move on. let's take a look at some of the other a global business stories making headlines. the steer p in center for constitutional and human rights is filed a complaint that gets volkswa

in china. that's according to a survey by the european union chamber of commerce in china. it says that 64 percent of companies surveyed reported the deterioration and conditions the highest such results on record. in the annual survey of companies with large footprints in china, say they're an easy about security controls, expansion of the chinese espionage long. and the absence of promise market access. several companies that the business environment has suffered under rising political pressures. here's the chambers, president young escal and what they really see in the business confidence confidence. so because that there is an unprecedented level of uncertainty amongst our members about web web challenges to.

of course china is such a big market, there is were room for more players rather than less, this will continue to be an important player within the e-commerce space inna. >> thank you for coming on the program on short notice, a developing story works catherine lim weighing in on the alibaba updates. it let's get to president biden now because he has hailed progress in restoring u.s. china ties and it comes as secretary of state antony blinken wraps up two days of meetings in beijing including talks with president xi jinping. >> progress is hard. it takes time and it is not the product of one visit or one trip or conversation. my hope and expectation is we will have better communications, better engagement going forward, that is certainly not going to solve every problem between us. far from it. but it is critical to doing what we both agree is necessary and that is responsibly managing the relationship. it is in the interest of the united states to do that, it is in the interest of china to do that in the world. >> then you have china's number two official who was in germany on his first overseas trip since becoming premier, it comes as beijing att

that's according to a report by the european union chamber of commerce in china, which says business confidence in china is at a record low. that report also says companies are uneasy about security controls, government protection of chinese companies and a lack of action on reform promises. and bed, bath and beyond is working on a last minute effort to keep one of its stores open. by bye baby is considered to be the retail chains crown jewel, asset, bed, bath and beyond will run a separate sales process for the baby merchandise store as it moves forward with the auction of its company. bye bye baby has attracted buyers that have shown interest in keeping its physical footprint in place. again, that is definitely been one of the more successful parts of bed, bath and beyond. i'm pam cook. that's a look at your dollars and cents pam thank you so much. 850 is your time right now. let's get a final check of the roads with sal castaneda this morning. sal. andre good morning and good morning to you. you know, it's been a better commute today than it was yesterday among many of the east bay

china merchant firms in the 1880s and 1890s. in other words, the book tracks the beginnings of the china trade from its origins to end in the course of that century free commerce with china shifted into something americans embraced as part of their national project to something that they feared that would damage their national project. so in the early years, the china trade is something that american publics and policymakers sought to promote and expand. and by the end of the 19th century, it's something they feared would destroy what they had built and they sought to control and and that conceptual shift from, understanding us-china commercial relations as, a mode of accessing a wider global of a system of global commerce that would benefit the nation, i call it in the book the china trade mindset to figuring trade with china is something that can be broken into discrete sources of either new consumers, new laborers or, new commodities that had to be separated in order to be remain safe. i call that the china market mode of thought and we are still living in the consequences of that of china is something that policymakers want to control and regulate that com

china. in addition to bill gates, elon musk who reportedly said he opposed decoupling when he was there in china according to chinese officials. tim cook who met with china's commerce minister and jpmorgan ceo jamie dimon who pledged to remain in china for both the good times and the bad, and for china's part, well it's likely eager to court the investment, because we're getting new data that shows china's economy took a stumble in may as it's making its way reopening after the pandemic. retail sales and industrial output missed expectations and china central bank cut interest rate trying to boost demand. neil back to you. neil: let's go go to jonathan ward. i'm fascinated by this guy because he was way ahead of the china threat whatever you want to call it. i remember china's vision of victory was that of a few years ago where we outline this threat we have in the pacific region that even then, we were kind of ignoring but it dates way before that the atlas organization founder, author of "besides china vision-to-victory" and an honor to have you, doctor, thank you. >> well thank you, neil, great to be with you for the first time and the new book lays out a strate

but uh, there will be more visits from the minister of commerce to the united states in china, the ministerd the minister of finance, i beg your pardon. and now, perhaps by the end of the year, we will understand the future contours of relations, but , of course, they do not come to say that there has been at least some kind of normalization. ah. yes and now, even if you try e here to fantasize, for example, when there in any situation, the united states will provoke provoke. still, this conflict, again there some kind of their own battleship will be blown up, they will blame the chinese side for this. well, we know, yes, such precedents were there before the start of the vietnam war, and suddenly, probably, we are unlikely to hear. yes, that's the call of the united states let's stop buying. the chinese will close it from all economic relations and so on and so forth. well, naturally, in fact, they are quietly trying to call for this, but after all, us confidence in this china does not have a case, because china was. in my opinion. i was simply discouraged at first by trump, then by biden'

china's president xi meeting in beijing with microsoft fo found bill gates. the latest american business leader to visit china in recent weeks and china threatens u.s. commercehis come up this week when antony blinken is there? edward lawrence is live at the white house. hi. >> that visit by secretary of state blinken on sunday. the chinese are dictating the events around that visit saying you will only meet with chinese officials but look at the images china set up with the meeting between president xi of china and bill gates. it looks like a state visit. expert on china tells me china orchestrated this dichotomy. he announced $50 million to have a joint disease and medicine research organization with china. the chinese president called gates and old friend today. >> very honored to have this chance to meet and we've always had great conversations and we'll have a lot of important topics to discuss today. i was very disappointed i couldn't come during these last four years and so it's very exciting to be back. >> we all saw the chinese spy air ship. that would have cut off communications between the u.s. and asia. china is taking $6 hundred billion out of t

china. recently the chinese ministry sent a delegation to the us, so you might see some easing in terms of tariffs. —— the commercee trade war remains and that's a tangible thing the countries can talk about now. but again we don't expect any kind of breakthrough during secretary blinken�*s visit, it will have to be followed up by other us and chinese policymakers.- other us and chinese policymakers. just briefly, what is the _ policymakers. just briefly, what is the feeling - policymakers. just briefly, what is the feeling in - policymakers. just briefly, l what is the feeling in taiwan at the moment about the threat from china? ibig at the moment about the threat from china?— at the moment about the threat from china? big shoulder shrug, it's been there _ from china? big shoulder shrug, it's been there for _ from china? big shoulder shrug, it's been there for years - from china? big shoulder shrug, it's been there for years and - it's been there for years and years. it is in the headlines each day, particularly as taiwan heads into the presidential elections, it's a topic many politicians speak about but it is n

in the coming weeks. the biden administration was looking at visits to beijing, for the commerce secretary, the climate envoy. >> china a vested interest in engaging with the u.s. in economic and trade issues. there's been a slowdown recently after the post-covid economic boost. and last month, there was an all-time record high rates of youth unemployment in the country. >> that was kylie atwood reporting from beijing. >>> a ferocious firefight in the west bank. what set it off and what the u.s. is insisting that israelis and palestinians do. your living space. with two times the natural esessential oil it's time to raise your fragrance expepectations. vibrant from air wick. feeling sluggish or weighed down? could be a sign that your digestive system isn't at its best. but a little metamucil everyday can help. metamucil's psyllium fiber gels to trap and remove the waste that weighs you down and also helps lower cholesterol and slows sugar absorption to promote healthy blood sugar levels. so you can feel lighter and more energetic. lighten every day the metamucil way. and metamucil's psyllium fiber also comes in easy t

j sullivan. meet in vienna with china senior most diplomat uh the us secretary of commerce and trade representative hostage their chinese counterpart in washington. a few weeks ago, a secretary of treasury, janet jaelyn said this week that the coupling would be a disaster. so i think we see a series of quite deliberate steps by both sides to try to see whether there can be some rebuilding of trust. i still think that we haven't seen the floor of us china relations yet, and it will probably get worse before it continues to get better. but i think that's what secretary blinking is trying to seek out engaging. ok, so lots of the issues between the 2 countries. one of the most significant zip codes of being taiwan and regarding the taiwan you wrote today and found a fast dot com about the sources of instability, a growing in one of the world's most dangerous hotspots. diplomacy is frank detachment exhibiting on china's risk. tolerance is increasing. just explain to us what you mean by that phrase. time is uh increasing a risk tolerance and contrast that if you would, with the wife has thi

apple's tim cook met with china's commerce minister and jpmorgan ceo jamie diamond pledged it to remain in business leaders, americans see cheap product and that's how they get them. stuart: they have a big stake, thanks very much. secretary of state antony blinken is to china next week. he just held a phone call with china's foreign minister, this is ahead of history. on that call he was told to show respect to china. gordon chang it is our china expert. china feels they can shove us around. >> they did that from the beginning of the biden administration with infamous meeting in anchorage in march 2021. xi xinping when he was in moscow saying to vladimir putin change is occurring that hasn't happened in 100 years and we are driving this change which is xi jinping saying i'm boss of the world and the us is no longer a factor and by the way, antony blinken is out of diplomat, chin ganga. although his foreign minister, is not china's top diplomat, that would be wong yee. for blinken to meet with him is a humiliation for the united states. blinken going to beijing is seen by the chinese as su

which chinese company it is not with, but according to an article in today's issue of the wall street journal. the ministry of commerce of china said on thursday that the sale or transfer of tik tok will include the export of technology, which must be approved by the chinese government. further, the spokesman of the ministry did not say that the efforts of the government should gain the confidence of global investors in the united states, and he continued that if ok, china is firm with it arash has opposed the forced sale, so despite your claims to the contrary , he thinks that he is in control of tik tok and his software.

skyrocketing share price, and today we get news that we might have the commerce department limiting its ability to do business in china. by the way, this was a chip built specifically to get into china, which is the one the commerce department might be ta targeting. the world is pretty turbulent right now. my focus shifts from what the fed is going to do to geopolitics. >> appreciate it >>> let's get to our "twitter question of the day. will apple hit 200 bucks a share before the end of july in the clock is ticking the results are coming up later on in the hour we're just getting started >>> up next, bracing for serious downside, evercore's founder is with us. roger altman will explain what he thinks the fed's next move might be somebody would ask her something and she would just walk right past them. she didn't know they were talking to her. i just could not hear. i was hesitant to get the hearing aids because of my short hair. but nobody even sees them. our nearly invisible hearing aids are just one reason we've been the brand leader for over 75 years. when i finally could hear for the first time, i started crying.

in china for 10 years right up to the pandemic. i met both of the ambassadors, the council general that was part of the american chamber of commerce in shanghai for years, so a unique perspective. a lot of people in america need to understand that there is no decoupling. there is no possible way for china and america to not get along. and it comes down to these rare earth minerals. the mountains in tibet, the himalayan mountains, they have all of these metals that go into our cell phones and our electronics. they control 80% of the world supply and that is not changing in our lifetimes. host: many people point to that issue as the reason for their investment in africa as well. guest: yes, but you have to understand how small of a percentage dust cobalt in uganda, those things there. but that might be one or 2% of the world supply. america and the west is the market for those. so they would be worthless without our purchasing of the electronics that those go in. but we cannot physically create an iphone without thos minerals. host: y just heard the secretary of state talking about restricting certain technology when it comes to hype

with or at least are presented here in the chamber of commerce who continue to be very interested this year and joe profound interest. i showed our hosts that china's brought economic success is also in our interest. we have done a remarkable job rebounding from covid. having a growing economy. very low unemployment. tremendous investments in our future. we also benefit tremendously when there is growth and progress in other countries, especially in the world's largest economies when it comes to china. it simply would not be in our interest to seek to -- as i mentioned, is a great yellen mentor to congress a few days ago, it would be disastrous. however, what is crippling our interest is making sure that certain specific technologies that china may be using to for example advance its very opaque nuclear weapons program to build hypersonic missiles, to use technology that may have repressive purposes, is not in our interest to provide that technology to china. i made that very clear. the actions we are taking that we have already taken and we will continue to take our narrowly focused, carefully tailored, to advance and protect our national security

it is not a chinese company , but according to an article in today's issue of the wall street journal, the ministry of commerce of chinasaid on thursday that the sale or transfer of tik tok will include the export of technology, which must be approved by the chinese government. that government efforts should be reported and trusted global investors hit america and continues again that if it is true, china strongly opposes it, referring to the forced sale, despite your claims to the contrary, it thinks that it is in control of tik tok and its software, which allows a woman from california to always members of congress, our first and most important responsibility is to protect and defend the constitution and, in fact, the national security of my country. therefore , i wanted to ask you some questions about how the data of american users will be protected by cutting ties with biden , as i said in the opening note. data month program americans for storage on american soil by the publisher of your book, i didn't read anything about tik tok to show you how you can say this. in your opening note, you talked about fires . the

but not chinese according to an article in today's issue of the wall street journal, the ministry of commerce of china said on thursday that the sale or transfer of tik tok will include the export of technology , which must be approved by the chinese government for three. the ax hits the root of the trust of american global investors and continues again that if it is true, china will strongly oppose it. it refers to forced sales, so despite your claims , it thinks that it is in control of tik tok and its software, and it has permission from california. talk is given congress representatives, our first and most important responsibility is to protect and defend the constitution and, in fact, the national security of my country. therefore , i want to ask questions about the investigation of tik tok's separation from baid . as i said in the opening note, our program transfers the data of americans to be stored on american soil by your company, or i did not read anything about tik tok to show you how you can say this. in your opening note, i am talking about the road firewall. you did, but you promised let

china in just a minute, but what should the role of regulation b? when the new technologies come, and we saw a in china with alibaba and others, with the transformational e-commerceution. jack ma always told me you kind of have to be ahead of the regulators. that kind of came back and bit him, of course, but there's regulatory arbitrage. otherwise, regulation could quash the development of the industry. >> new arms race is going to happen. stephen: some of the people who are really well-versed are calling for pauses on training. is that a good idea because it is getting a little too ahead of regulation, and of course, moral hazards? >> the way i look at it is the development of responsible ai needs to be front and center. responsible ai is not only the responsibility of corporate spend regulators but all of us alike. stephen: we are here in china right now. ai has become kind of the new arms race -- very rapidly it has become that, and nobody wants to give up their competitive advantage, including the united states. the biden administration again retroactive to those export controls back in october, they will be limiting its. what does this bifurcation mean for a

announced, a meeting between the minister of commerce of china as the minister of commerce from the united states if we see that there will be a certain positive dynamic inh-level meetings, so i think that in the autumn we will witness what will be the structuring of relations, but on the other hand, there are many random factors, for example, such a layer or information about the fact that in cuba they found a base that spooked the usa, a chinese base, something happened in the usa, such moments, of course , will have a negative impact on relations. the warming of relations about progress is certain, and thanks to which it was possible to achieve such progress, is it mutual compromises or vice versa , mutual pressure , well , definitely. as well as indirect desired influences. and if certain concessions were made, yes , they were achieved. i think that it was from the us that they made certain concessions. i think that this is the kind of rhetoric that i myself in the american estepishment are primarily republicans. well, i think that's it they may no longer make certain concessions to china because this is such a radical position for the fact that chin

in the indo pacific, china is rapidly modernizing its military. it is threatening both the freedom of the seas and rules of international commerce. at the same time, autocrats have become bolder. the threat of terrorism persists. an accelerating climate crisis continues to disrupt lives and livelihoods. all that is left to global stability and security. here is how i see it. in the face of all these challenges, america plays a singular role of leadership. cadets, global security and global prosperity depend on the leadership of the united states of america. as a strong america remains indispensable to the world. our democratic ideals of freedom and liberty inspire brilliant -- billions. our vibrant economy crates unmatched innovation and opportunity and drives global growth. our unrivaled network of allies and partners allows us to build coalitions and catalyze global actions in a way no other nation can. our military is the strongest in the world. our military is a force that underwrites global stability and our national security. it is this pillar of our strength where you cadets have dedicated yourself to lead. essential to ou

in the three decades since, we have seen the emergence of e-commerce, major supply chain challenges that stemmed from a global pandemic, changes in consumer behavior in the rise of china is a much larger player in global trade. congress must do more to secure the key supply chains, modernize how and with whom we trade and hold china accountable for its abusive trade practices. i'm eager for the committee to lead a thoughtful process to consider updates that reflect the current reality and that we are off to a strong start. earlier this month the full committee held a hearing at the port in staten island new york to better understand challenges americans face moving goods to ports every day. as part of our continued effort, we must also examine how best to give law enforcement the tools to stop products like fentanyl from entering the u.s. likewise we must take steps to prevent products made from entering the u.s. all while supporting american jobs and in proving american competitiveness. i am convinced we can advance a bipartisan legislative product that minimizes unnecessary red tape when importing and exporting the supply chain bottlenecks while holding china accoun

in singapore. it's a security meeting. austin just wants to meet with him -- he's not asking him to go to china. our trade representative met with their commercehere's talking going on there on the economic side. jake sullivan, the national security adviser met for seven hours with a top diplomat a couple weeks ago. there's always tension with the department of defense. we shot down their spy balloon. we waited a week to do it. it irked the chinese. as i continue to say, we will keep sailing and we will keep flying our ships in that area and we're not going to let the chinese steer us away from any of that despite their rhetoric and despite the danger in what they pose to us at see or in the air. >> trace: general jack keane, thank you, sir. >> good talking to you, trace. >> trace: and how sam ponder is firing back a columnist that called her a bigot for supporting women's sports. outkick charlie arnold is here with us next. veteran homeowners, want to lower your monthly payments and get cash? with a home loan from newday, take out an average of $70,000, pay off debts and high rate credit cards, and save hundreds every month. and we're done. h

it's not a treaty ally, but it is a partner in commerce and other issues, especially as relations with other big population centers like chinawith india every year. the u.s. invests $50 billion directly into the country, and india is the largest defense exercise partner of the u.s. so certainly that is a partnership that they want to expand. the white house wants to expand some of those partnerships on critical technology and intellectual property. where india has previously relied heavily on russia, and that's one of the main reasons india has so far been reluctant to condemn the invasion of ukraine, which is another area the white house will be looking for prime minister modi to make comments. experts from the center of strategic study says the white house will be looking to india which is a member of the so-called quad alliance with japan and australia. to make some new commitments to really help to defend against china's aggression in the south china sea, chris. >> president biden has faced criticism for welcoming modi. this is a rare thing as we pointed out, a state visit. india's democracy has been backsliding, many wi

digress for china has us second-largest economy in the world it's also greatly expanded its nuclear arsenal for the pentagon says china will double its stockpile over the next decade. commercewas on the biden administration to take a more muscular approach to beijing. >> we have to arm in taiwan to the teeth. have to get our supply chains out. we have to get a rag in military style build up and we have got to support our allies like japan, india, and australia. that is always got to do. that should be the administration strategy. quick secretary blinken could meet chinese president xi and president biden communion in september both leaders are new delhi for the g20 summit. jon: lucas tomlinson life from the white house. thank you lucas. in the states ufc start conor mcgregor spotted in new york city this week and signing autographs as he has claims of a sexual assault for the first time he's been seen in public since new video obtained by tmz shows mcgregor with his accuser and nba finals game in miami minutes after the alleged at attack. cb cotton is live for us with details. >> hi jon, first happy father's day to you. the ufc start is not line the headlines hold back his

lomaster to talk in beijing at once with three chinese ministers of foreign affairs of industry and commerce , according to the businessman, it is interesting that the united states and chinained like siamese twins, which means they are inseparable from each other. okay to mask to expand his business in china, which directly affects the success of his company after the us china's second largest market. tesla invites companies to shanghai, its largest manufacturing center, using an electric car, as an analogy for how us-china relations should develop. it's a pity to keep the steering wheel so as to move in the direction of mutual respect. and what is especially important to put on the brakes in time, many analysts interpret the visit of the mask as a message to politicians on both sides of the pacific ocean that business needs political stability, despite the us ban on the export of semiconductors, a trip to china has already been planned by the heads of technology corporations. moreover, after the introduction of restrictions, companies quickly modified their products in order to create new chips for the chinese market and not lose an impressive part of their income in the

yesterday evening there was an announcement by the minister of commerce that they would do a six month campaign to bolster car sales in china. that is an industry seeing growth slow recently. we are expecting more policies to support the property market which has been a big drag on economic growth. a lot of things are already happening. we are waiting for the central bank -- to see if it will be part of that as well. francine: thank you so much, john. joining us is christian keller. i like the way you put it in a lot of your research which is the fog of late cycle and if you are market participants you would see a lot of fog because every week it seems they oscillate from good to bad news. what is the picture you have of china? christian: we are quite skeptical. we expect the pboc to ease rates but it is like pushing with a rope. they can do a little bit and do things on the fringes stabilizing the market. the property market ceased to be the engine of the economy. if they really wanted to do things, they may have to go back to what they have done in the past where they become -- where the government itself becomes much mor

china has a different set of priorities. this meeting is happening behind a fast, deteriorating chinese economy. the juan one area in the pocket the commerce, investment. china's youth unemployment is incredibly high. >> the da doors over the past several months have swung wide open for american businessmen and businesswomen, corporate leaders, yet they're still playing coy when it comes to diplomats. >> they're not interested in having the talks be the pentagon because they want to keep up the pressure. they believe we are much more sensitive to being scared by the possibility of an incident that might get us to back off support for taiwan. they're doing nothing to reassure us on the military side. they're doing everything -- the meeting with bill gates is another signal.ested in is help for the chinese government. they don't want u.s. sanctions, technology restrictions to continue to expand. the expression these days, joe, is where we want a high fence around a small yard. that's what the treasury secretary yellen is talking about. the real debate in washington in the administration, how big should this yard be? how restrictive are we go

china. this is over concerns of the rise in power of the tech, in the hands of u.s. rivals. according to sources speaking to the wall street journal, the commerce department could move as soon as early next month to stop the shipment of chips made by nvidia to customers in china, and to other countries of concern without first obtaining a license. this would sort of be just part of the final rules codifying it and expanding the export control measures that were already announced last october, according to people speaking to the wall street journal. we know the secretary yellen is planning to visit china in july. we are also expecting that executive order that would regulate and cut off certain u.s. investments in china. really, when it comes to the jew political tensions perhaps affecting markets, we could see -- geopolitical tensions perhaps affecting markets, we could see tensions brewing on that front. >> when you think about chinese stocks in particular, it is a question of how much of the bad news has been priced into the valuations at this point. they could actually start to entice investors despite those geopolitical tensions. in terms o

matter we look out over the next six to 12 months and assuming commerce department and some governments in europe make it tough to export into chinahink you see explosion in the new areas like artificial intelligence. whether the chips find their way into china or other places that the western governments rather they don't it will come down to who can harness the power, move ahead to create value for their end customers. charles: these are the kind of things understanding these industries, understanding these businesses, not a lot of folks on wall street really do. you do. we had phil blancato on. he is looking at it strictly the way you look at stocks. no way any sort of stock should have this p-e ratio. he doesn't care what the company is. when do you worry about valuations? >> charles, i look out for the next two, three years, and really beyond and we look at how much free cash flow the companies can jent rate and how much they will grow. one thing you can't see with nvidia. they have a ecosystem of millions of developers. men and women writing applications on to their platform make it very sticky. we follow all the risks, it i

we lose in some instances, we need to get ready for six g or the next generation so that we can supplant mainland china because it's just not in our interest because of either values, commerce and most importantly, sort of the valuing vacuuming up of data, information that's going directly to beijing. that's being used for all sorts of bad purposes. so let me let me take this. you mentioned allies in your last answer. you know, your book is entitled the the american imperative. and, you know, i think some some not me may look at this and say, oh, this is a little bit of an america first argument that you're trying to make here. and i think it's a it's you know, how how do you kind of what do you say to that? where do allies where how do you kind of think about the american role from that perspective in the world? nothing significant the united states has ever done. have we been able to do by ourselves. so we have needed friends and partners to accomplish anything of any significance. the cold war can fronting big challenges like hiv, aids, responding to covid aid that's required sort of leading a coalition to the extent that, you know, we've been able to do that. sometimes