trade representative jeffrey gerrish and will include david malpass.na will be represented at the vice ministerial level. meetingy -- the two day happens after beijing announced tax cuts on 700 goods at part of -- as part of its efforts to open up economy and lower costs for domestic consumers. analysts say chinese consumers fall short of trade representative lighthizer's expectations. the chinese will likely want the u.s. to remove the tariffs it has imposed, but sources say beijing suspects the u.s. will ask for more concessions before it agrees to do that. president trump has agreed to put on hold, at least temporarily, a scheduled increase in tariffs while the negotiation takes place. to be see whether weaker domestic economies and slumping stock markets in both the u.s. and china will be an added impotence to move forward -- impetus to move forward. >> james is the chief to be seer weaker domestic economies and slumping stock markets in both the u.s. and economist and we are listening. --is going to be important an important week for tone and what

david malpass, undersecretary of the treasury for international affairs. we welcome you back to the committee. this is the undersecretary's second appearance before the committee since his confirmation last summer. we've enjoyed working with him and his staff and look forward to hearing his views on the financial institutions or ifis, and other matters under his jurisdiction. the ifis include the international monetary fund, the world bank and for some time now the committee has been concerned that these institutions are not doing as much as they can to focus on results. the world bank is a case in point. despite its mission to end extreme property, the bank's organizational incentives are still geared towards pushing money out the door. consider this, if a promising young staff member were to start their career today at the world bank how would they realistically get ahead in the institution? probably not by demonstrating success in the poorest countries year after year or by generating new knowledge when projects fail to deliver, but instead by getting l

deputy national security adviser, the leader of usid as well as the private investment corporation david malpassho is one of the top officials at the treasury department then a couple of other folks as well so it does seem like as far as we're hearing from u.s. officials, that u.s. names are toward the top of the list and a lot of those are familiar names to our viewers >> kayla, thanks very much again, welcome back. great to have you back on the team joining our "closing bell" exchange today, michael santoli, lindsey bell, and our own rick santelli mike, if i start with you, i think the interesting thing from that brief rumor yesterday through to the ongoing discussion points today is if we do get a full deal, there's probably a lot of upside we always debate is trade already priced in. suggests it's a big issue still. >> it's a big issue in the context of a market that's already been looking for reasons to go higher that's what we have to keep in mind yesterday you did get the pop on the headlines about lifting tariffs. you didn't give it all back when you got the denial today the dow was up 1

these are all third tier but still high-level officials jeffr jeffr jeffrey jeffrey gerrish, david malpasscontention and areas of opportunity for both sides. if this meeting goes well, they could follow up with another meeting possibly here in washington or maybe in davos guys, the administration has not confirmed the meeting just yet but since you'll be there, you can let me know if and when it happens. >> we will do that thank you. >>> we're going to continue this conversation for the latest on the u.s./china trade talks i want to welcome leland miller, beigebooks ceo he's been crunching numbers trying to figure out what's going to happen here i think your date is march 1st >> well, the 90 days will run out by march 1st you'll start hearing the outlines of the deal as we approach march 1st but the 90 days will not run out and you'll see tariffs right now unless something big intervenes, you're going to have a deal on march 1st. >> you will. what will that deal entail what does that look like to you? >> frighteningly little. they're going to get the number up sufficiently. and soybeans an