and e.u. are each other's largest trade and investment partners with two-way trade in goods a services totalling $1.4 trillion and combined foreign investment lling over $5 trillion. mi i germany, spain and the u.k. are one of countless examples. and u.s. exports to the e.u. support nearly two million ameran jobs. our alliances has had economic impacts far beyond our borders, including throu the financial institutions that have ay critical role in supporting macroeconomic stability, alleviating poverty and fueling sustainable transforming countries and lives. put simply, the transatlantic alliance h divered for americans, europeans and many others. and the united states has been committed to advancing it throh multitay laterallism most notably through g-7, nato and u.s. relations in the e.u. and bilateral relationships between the u.s. and european countries including, of course, germany. the u.s. eope have taken action at key moments when world events have demanded that we step up and jointly

and e.u. are each other's largest trade and investment partners with two-way goods and service totaling $1.4 trillion and combined foreign direct investment totaling over $5 trillion. microsoft's recent investment in germany, spain and the uk are one of countless examples and u.s. ex-ports to the e.u. support nearly two million american jobs. our alliances also had economic impacts far beyond our borders including setting up the financial institution that is have played a critical goal in supporting macro economic stability alleviating poverty and fueling sustainable growth, transforming lives. put simple will, the trans-atlantic alliance has delivered for americans, europeans and many others. and the united states has been committed to advancing it through multi-laterallism most notably through the g-7 nato and u.s. relations with the e.u. and through bi-lateral relationships between the u.s. and european countries including of course, germany. the u.s. and europe have taken action at key mom

and e.u. claims of chinese overcapacity.or more, let's bring in chinese not as correspondent stephen engle. this is perhaps beijing's most critical relationship in the e.u. stephen: absolutely at a time when more have been vocal with their criticism about china's trade practices. there is an investigation about potential state subsidies into the ev sector and the threat of dumping those products on the european market which has look at the automakers in germany and italy and elsewhere worried. so this is an opportunity for xi jinping to go to a beijing -friendly government, one that is also by the way, cash-strapped. viktor orba¡n's government is cash-strapped. since 2019 there has been a flood of chinese investment into eastern europe, cheaper land, cheaper labor and a lower corporate tax rate of about 9%. a lot of incentives. in hungary is in that in-between state, part of the european union, but also according to chinese and south korean investment. south korean battery makers are there. it's a delicate act in the e.u. an

he doesn't want the-- e.u. to support ukraine the way it does.ly wants the kyiv to capitulate to knows cow so the war will end. all of this has cliveed s slovakian society from one side to the next. christian: is he a political chameleon in one sense? or has he been dragged that way out of necessity because he's had to go into coalition with the ultra nationalists? >> i think he was always very, very able to read the room and capitalize on the political changes of the day and he, for instance, take the 2008 -- eurozone prices. he was trying to use his leverage to say, germany and france, we want to see you at the table. the group of the countries of poland, hungary, czechia as well. he was a big voice around the takable there advocating for a slightly more sovereign policy for them to have their own autonomy but also to benefit from e.u. membership. and even know he takes a big game against the effort u. and nato, he still decided to take the euro in twine, even at a time when the single currency was in crisis in some countrs bailed out. christia

so this is xi jinping's first trip to the e.u.n five years and he clearly has a mission to offer china's economic benefits, while at the same time making sure to fend off the tide that is happening in europe of aligning with the united states, which clearly xi jinping feels is stirring the pot. haidi: we will get more on that in the next hour. that was stephen engle and we will have more ahead on "daybreak: australia." this is bloomberg♪ annabelle: looking at how currencies are faring this morning, we're hearing from tokyo about the direction of the japanese yen. still declining, -- declining to say if they will intervene but they should reflect the fundamentals. declining to comment on the yellen piece, treasury secretary janet yellen declined to say whether haidi: australia's central bank set to keep its key rate at the 12 year high. next guest is among those expecting the rba to hold. let me throw up this chart that presents the market pricing, no full rate cut at all expected this year. some parts of the market with expectatio

right now it seems to be, you know, the e.u. against the chinese companies and how the policy might be formed. should there be any punitive impact on the e.u. companies in terms of their expert into -- export into the u.s. market that may create more disruption to what companies are doing. i think ultimately it's, for businesses to thrive is really about saving policies. if you have sudden changes in policy it becomes very difficult. most businesses now have talked about or done of our moving supply campaign to a different area where they have less of those geopolitical threats. and i think if the policy doesn't change in a sharp way that businesses will be able to thrive in this environment. >> thanks for your time this morning. about 10 minute into the session so far for sydney, seoul, and tokyo. actually watching the bonds space in particular this morning and the japanese 10-year yield in particular because you're continuing to see them just taking a lit -- ticking a little bit higher, getting closer to the 1% mark. these are

e.u. membership will affect ukraine and the e.u., enabling the free movement of goods, capital, services, and workers, to mutual benefit. ukraine gets access to one of the most dynamic single markets in the world. hundreds of millions of consumers. for grain, steel and eventually energy. and greater effort to rebuild and power innovation. the european union will benefit from one of the region's most dynamic economies. and your stronger footing will show fields where ukraine has already emerged as a leader. now there's one more step we can take. making russia pay for ukraine's recovery and recondition instruction. russia should and must pay to rebuild. it's what international law demands. it's what the ukrainian people deserve. our government has given us the power to seize russian assets in the united states. we're working to see that russia mobilized assets are used to remedy the costs. finally, we will help the ukrainian people fully realize their democratic aspirations. for more than th

country and to break the back ofhe the criminals that have visited untold suffering in that country the e.uity have seized that are kenya h 1,000 troops in haiti. we nowe 800 not in ha another 800ps -- [indiscernible] >> we are having a meeting of the east african community and my minister, my foreign minister, we had a conversation and shortly we will be in how te oc■ and nairobi process because we believe there is no military solution going on but instead be able to give up the necessary momentum and outcomes that will both the e.u east african community know that much. we know that the humanitarian crisis has displaced close to 7 million to thank the united states of america for spepg in with humanitarian support for that region because it is a collaboration of diffent countries in different ways to gain in that situation without committing troops. we are committing -- deploying our infrastructure to the resolution let ask nancy from kenya. reporter: africa is leading the way■ in its contribution to the [indiscernible]lopment developi- president ruto: -- president biden: i didn't catch a

both the e.u., east african community know that much. we know that the humanitarian crisis has displaced close to 7 million people and i want to thank the united states of america for spepg in with humanitarian support for that region because it is a collaboration of different countries in different ways to gain in that situation without committing troops. we are committing -- deploying our infrastructure to facilitate the resolution. let me ask nancy from kenya. reporter: africa is leading the way in its contribution to the world bank development system and developing countries -- [indiscernible] president ruto: -- president biden: i didn't catch all your question. >> america is asking to lead the way and national development assistance to help developing countries to access financing -- [indiscernible] president biden: remains a major commitment. the united states has long championed financial institutions that provide to countries. and my administration designed new initiatives and providing low-cost funding and taking steps to enhanc

the e.u.w important is this for china's ambitions in the region? stephen: it comes at a time of rising trade friction, if you will, with brussels. ursula von der leyen has been very outspoken against chinese overcapacity issues and the potential dumping of ev's and other green products in the european market and again, there's this investigation into potential dumping and subsidies by the chinese government. and the like. and they could be, and the chinese makers i have talked to said they fully expect some sort of tariffs regime on ev's. xi jinping sees a great opportunity with a country like hungary which already has battery supply chains. the south koreans are in there. the chinese are in there. they are building this supply chain into southern europe. excuse me, southern germany, where there's automobile factories in slovakia as well. look, hungary has cheaper labeler -- labor. they have a 9% corporate tax rate. they are friendly to chinese investment, extremely funny. victor orbach, the p

it could be a threat not only for the e.u., not only for the u.s., but for the global world economy.ome of these european finance ministers to china on the back of that g7. a big story for today. i am sitting in for tom mackenzie. it is a u.k. bank holiday. you can see all of the major equity futures are seeing openings slightly in the red so the euro stoxx 50 future seeing about 10 basis points lower, ftse 100, about .3% weaker as we head into what could be quite a crucial week for market direction. friday, the big event with that pce number coming through from the u.s. as for asian markets, it is a slightly different type of sentiment this morning. we are seeing the msci is trade in the green after a week of losses last week, about .2% higher in trading today. the chinese indices brushing off some of the commentary coming out of the meeting, trading in the green this morning as well and the nikkei up 5%, this on the back of comments from the bank of japan governor suggesting that they can proceed cautiously with rate hikes. as for other assets that we are following this morning as

both the e.u., east african community know that much.now that the humanitarian crisis has displaced 7 million people and i want to thank the united states spepg ih humanitarian support fort becaut countries in different ways to gain in that situation without committing we are committing -- deployingoe resolution. let me ask nancy from kenya.repe way in its contribution to the m and developing countries -- [indiscernible] president ruto: -- president biden: i didn't catch all your question. >> america is asking to lead tht assistance to help ds to financing -- [indiscernible] president biden: remains a majog championed financial institutions that provide to my administration designed new initiativesnd low-cost funding and taking stepsen their resilience and important sure they have the capital to invest. tand with them. that's why we work with congress to enable the united states to make available in the comings ud that provides lending to the co. and when you are in debt ngone u out. we believe this partnership is y and happy to do our p

geoff: the e.u.'ell did say this month that ukraine would lose the war if it wasn't supplied with more weapons, but that he did not want that outcome. also today, e.u. nations reached a tentative deal to let ukraine use the proceeds from frozen russian assets to buy weapons. an appeals court in hong kong has agreed to let officials ban a popular protest song, "glory to hong kong". today's decision overturned an earlier ruling. the song was frequently sung during massive anti-government demonstrations in 2019. china's foreign ministry said today said the ban will maintain national dignity. >> this is not a diplomatic question. i would like to stress that stopping anyone from using or spreading the song in an attempt to incite division and insult the national anthem is a legitimate and necessary measure. geoff: banning the protest song is the latest step in beijing's crackdown on civil liberties in hong kong. here at home, the former interpreter for los angeles dodgers star shohei ohtani pleaded guilty

geoff: the e.u.'borrell did say this month that ukraine would lose the war if it wasn't supplied with more weapons, but that he did not want that outcome. also today, e.u. nations reached a tentative deal to let ukraine use the proceeds from frozen russian assets to buy weapons. an appeals court in hong kong has agreed to let officials ban a popular protest song, "glory to hong kong". today's decision overturned an earlier ruling. the song was frequently sung during massive anti-government demonstrations in 2019. china's foreign ministry said continues to him. 10 people were killed one fans surged toward the sage, a lawyer said only one still active. the cryptocurrency exchange now says it will distribute billions of dollars to creditors. they have announced assets to cover. ftx collapsed in november, earlier this year the former founder was sentenced. there is something new at the u.s. capitol. she played a key role in desegregating public schools. the state is adding a statue of johnny cash. still t

membership in the e.u. will be a windfall for ukraine, enabling the free movement of goods, capital, services, workers and people. ukraine will get access to one of the most dynamic markets in the world, hundreds of millions more consumers for key exports like grain, steel, eventually clean energy, and greater access to the financing it needs to rebuild and further power innovation. first of all, the european union will benefit from one of the region's most dynamic, skilled and resilient economies. and europe will have a stronger footing in the fields that will drive the 21st-century economy like advanced ai, where ukraine has emerged already as a leader. now there is one more step being taken. making russia pay for the ukraine's recovery and its destruction. wow -- what putin destroyed, russia should and must pay to rebuild. it is what international law demands and what the ukrainian people deserve. congress has given us the power to seize russian assets in the united states and we intend to use it. we are

montezuma of mexico, ambassador liu of singapore, ambassador of costa rica, the appointed ambassador e.u.. our moderators are kristin silverberg -- >> thank you to karen and to wet a for having us here today. the ambassadors panel has become a tradition at weta. i am excited because the topic we are discussing is critical for the ongoing debate in the u.s. about our approach to trade agreements. there was a time not too long ago when u.s. administrations went unapologetically tout the benefits of trade. but that line of argument has gone out of fashion in parts of washington. you hear officials from the tone the biden administration talking about the connection between national security and trade. they are likely to be talking about the risks of trade, rather than the way that trade can be used to advance u.s. foreign policy interests. i am thrilled to have the opportunity to put the issue to our trade partners and ask them how they think about these connections, their trade agreements with us. ambassador moctezuma, i want to start with you and this issue of friend-shoring. and a lot of

they have been pushing for in order to attend peace talks in switzerland, they told e.u. they wanted the west to stop shipping weapons to ukraine. that is not going to happen. we see an increase in that. i would hasten to say i might be wrong but those rumors seem far-fetched. >> president macron has welcomed a chinese commitment in inverted commas to abstain from selling weapons to russia and control of the export of dual usage equipment. there is a big difference between a commitment and following through on the. -- on it. i wonder if that does reflect a cooling of the relationship between beijing and moscow which has also been discussed. >> i don't think so. vladimir putin is going to china next week. i don't see that much of a cooling in the relationship. macron did say he had a commitment from xi jinping he also said that last year when he went to beijing in april. the proof will be in the pudding. particularly on the dual use goods. the europeans notice a dramatic increase in the intensity in which china is shipping things like circuit boards and microchips and surv

immediate cease-fire and talks, unconditional talks which is very different from the position that other e.uand nato allies of hungary have on this issue. christian: nick, thank you very much, we wilkeep an eye on visited xi's arrival in hungary. most of the talks are going on tomorrow. we will take a short break and be right back after this. stay with us. ♪ announcer: funding for presentation of this program is provided by... financial seices firm, raymond james. cunard is a proud supporter of public television. announcer: funding was also provided by, the freeman foundation. and by judy and peter blum kovler foundation, pursuing solutions for america's neglected needs. ♪ ♪ ♪ ♪ announcer: get the free pbs app now and stream the best of pbs. ♪ ♪ ♪ ♪ announcer: funding for presentation of this program is provided by...

sunscreens tested were strong enough to meet e.u.he reason all of this is important is because of skin cancer is the most common form of cancer in this country. >> almost everyone has been affected by skin cancer. one in five americans has skin cancer. the >> reporter: doctor robert kirsner has a dumb act on mike is a dermatologist would sell bonds sylvester comprehensive cancer center at the university of miami. >> we really would like to get some of those europeans on screens to the u.s. which will give us greater opportunity and options our patients. >> in a statement to cbs news, the says it must balance the health benefits to access to a broader range of sunscreen active ingredients across importance that the safety is safe for regular lifelong use. regardless of what is available now, experts say the important thing is to use it. doctor robert kirsner says that sunscreens currently allowed to the united states are still considered to be safe and effective, as long as they are used properly. in the meantime, there is a bipartisa

and whatever their pluck in dealing with e.u. bureaucrats in brussels, hungary's leaders have cozied up to america's greatest strategic adversary. now, it's one thing that a latter-day walter durantee who shields for putin on twitter might also admire the only nato member whose lead er -- to pay obeisance to the russian dictator. but hungary's willingness to serve as china's door mat to europe, that part is tougher to square with the position of folks in washington for whom singular focus on china has recently become an article of faith. the democratic party's increasing willingness to abandon israel cries out in frequent and heavy doses of reality and harsh criticism. unfortunately so does this increasingly muddled logic on the threats facing the west, russia, and china. nato, a government that fauvens over a -- fawns over a russian neo soviet imperialist, a european nation that rolls out the red carpet for greater coercion and espionage from a communist regime, this isn't where america should be taking our foreign policy cues.

process of accession to the european union, because georgia is a candidate country and to join the e.ulast year, hard won status. and that's why people are so worried that they have this once in a lifetime opportunity for their country to become a member of the eu. but this law, they're worried, would stop it from becoming an eu member. let's speak to alex scrivener — executive director of the democratic security institute, a pro—democracy think tank based in tbilisi. your at the demonstrations overnight, do you hope it might still prevent the government passing this law? , ., , still prevent the government passing thislaw? , , this law? historically protest in geora ia this law? historically protest in georgia do _ this law? historically protest in georgia do work. _ this law? historically protest in georgia do work. this - this law? historically protest in georgia do work. this law - this law? historically protest in georgia do work. this law was | georgia do work. this law was attempted to pass, something very is attempted to pass, something very is at last year and mass street prot

versus china in the e.u., it's more forthright, more concrete, more deep discussion and debate.na very firmly saying there is no problem with overcapacity when it comes to key industrial sectors. that we will perhaps see more of this effort to move, for example, some of the chinese ev makers and so on into onshoring europe, i.e., opening a factory or using currently unused factories to sell operations, create local jobs, help local economies and boost local economies for certain member nations. we have seen that happen selectively in maine, hungary. so that may be one way -- happen selectively in spain and hungary. that may be one way china may reinforce the economic benefits of keeping the channels open. haidi: our asian government and economy correspondent rebecca choong wilkins there. you can get a roundup of the stories you need to get going on today's edition of "daybreak." you can join in on the conversation as well by sending us instant messages during our shows. this is bloomberg. ♪ >> i think about likely scenario is where we are now which is we stay put of the periods

we've seen the e.u. increasingly move in lockstep with the u.s.hen it comes to introducing prose into other forms of the so-called three new drivers of growth, those cleantech areas. investigating beijing's state subsidies into supporting those industries, that you you has been very vocal, and china was very forthright in that meeting. point blank saying china does not create an overcapacity problem. china urged they continue not to trust or target any third party, and china should work directly with eu, and they should not be dependent are dictated by any third party to. so little bit of fantastic pushback between the influence that china sees the u.s. having on eu policy. haslinda: xi jinping also calling on macron to help fend off a new cold war. take a listen. >> regarding the conflict, it is a test of human confidence. the international community must do something. we call for an immediate and comprehensive sustainable cease-fire in gaza and at the same time support palestine to become a full number of the united nations. haslinda: what do yo

and the e.u.ave also put in tens of billions of dollars toward ramping up their own advanced tech, so certainly you are seeing a lot from these western powers in terms of scaling things up during semiconductor race. annabelle: and of course this comes at a time, as we get this first trilateral meeting since 2015 between south korea, china and japan. no doubt chips would have been on the agenda. also, we are seeing some movement from north korea with this failed satellite launch. jill: that's a really interesting trilateral meeting. the important thing to remember when it comes to relations between china, japan and south korea is that japan and south korea in particular have trended more toward being stronger u.s. partners and allies recently, so even with the news you were getting out of this summit saying they are revitalizing cooperation with china on security and economic matters, i mean, that only carries so much weight when part of the reason why this summit was suspended over the past severa

this morning the e.u.'ma. >> israel continued military action that has been asked to stop. also hamas is launching rockets at israel. both sides need to respect the rules of war. >> the strikes sunday come as indirect negotiations led by qatar are set to resume this week between israel and hamas. julie. >> julie: thank you, trey. rich. >> rich: for more on war in gaza let's bring in dr. rebecca grant. a senior fellow at the lexington institute and national security analyst. thank you for joining us this morning. i want to get your sense of what has happened in gaza, in israel over the last 24 to 36 hours. >> my first reaction is that if hamas would accept a cease-fire, none of this would have happened. instead what took place was that hamas trying to show they still can operate in gaza, launched a relatively small attack but worrying because it came from multiple locations. israel was right to go ahead and target those two hamas operatives. they had a legitimate military target. unfortunately it led to the

this morning the e.u.licy chief called the situation a dilemma. >> what we have seen in the media is that israel continues military action that's being requested to stop. also hamas rocketing israel so both sides are not respecting it. >> reporter: the israeli military has launched an investigation into the strikes overnight as the country's prime minister called this a tragic mistake. molly. >> molly: thank you trade. griff. >> griff: here we go. closing arguments expected tomorrow in the new york versus trump trial. the prosecution presented 20 witnesses over 15 days. jurors have heard nearly 80 hours of testimony and or eventually going to submit their decisions when they have a verdict. let spring afford up -- former federal prosecutor, steve thank you for taking the time. all eyes on trump tomorrow as we see closing arguments begin. what can we expect? >> i think we can expect fireworks. i think this week ulysses something something unprecedented in american history, closing arguments in the closing -

this morning the e.u.eign policy chief called the situation a dilemma. >> israel continues an action that has been asked to stopped and hamas is launching rockets to israel. both sides need to respect the rules of war. >> sunday's strikes come as indirect negotiations led by qatar are set to resume this week between israel and hamas. julie. >> julie: trey yengst, live in tel aviv. >> rich: for more let's bring in arkansas congressman french hill on the house foreign affairs and intelligence committees. thank you for joining us this morning. i want to get to what some of the reaction here about the dilemma faced for both sides. pressure for israel to stop the offensive in rafah but rockets continue to be fired into israel. where does that leave the idf right now? >> rich, good memorial day morning to you as we pay tribute to those who wore the uniform and paid the ultimate price and salute our gold star families. look, this is an intractable situation. let's go back to first principles. this is due to hamas

and e.u. have already voiced concerns about the trade imbalance with china and the u.s.eady launched various measures to move manufacturing back home. it may be very challenging for the rest of the world to continue to consume more while allowing china to continue to manufacture more. therefore, we think china manufacturing capacity may need to downside in the next few years and that has profound implications for credit growth, consumption, and the global supply chain. haidi: can you share some insights into hedge fund -- hedge fund thinking in this region. traditionally they have been long-biased. chinese equities in particular have outperformed of late. do you see the trading strategies needing to shift as a result? arthur: that is a very good question. we saw that in the past 10 years, a lot of asian hedge funds had been writing on the positive data of china and now that the beta has turned negative in the past three years, some of the performances have been challenged in the sector. given this new world order, volatility has increased and the next generation hedge fu

do you think these parallel moves we are seeing from the e.u., china and the u.s.n the right track? paul: i think they are inevitable. covid made every country realize how vulnerable it was to outsourced offshore supply of things like mask. this possibility of a conflict with china has made the united states and europe worried about the supply of chips t their is going to be an inevitable\]\\ production activities. beyond that as i have said and as you mentioned, there is a growing recognition that we need to do something to make sure economic growth benefits all numbers of a society. a commitment to free-trade did not have that characteristic should we always said we could supplement it with some other measure to make sure nobody gets left behind but we never did that to we either have to get serious about finding ways to provide growth and hope for all members of the u.s. economy and every economy and if that means pulling back to some extent on the commitment to free trade, i think it is inevitable we will do that. annabelle: you have talked about how there shou

this morning the e.u.'n policy chief joseph burrell called the situation a dilemma. >> what we have seen in the immediate hours is if they continue military action that was asked to stop. also hamas is launching rockets at israel. >> israel has launched a rare investigation into the strikes as the country's prime minister called this horrific event a tragic mistake. >> giff: we will be following it. trey yingst live in tel aviv. thanks. >> molly: let's bring in retired lieutenant general keith kellogg. thank you for being here on memorial day. we appreciate it. try youngster brought us this remarkable heartbreaking video out of israel, out of gaza. the iron dome doing its job and this terrible video of civilians that are suffering there on the ground. the fires in the tents. i want to get your thoughts of the situation as we are watching it unfold. >> thank you for having me today. it is the messaging issue right now. the israelis are losing and they are trying to eliminate the hamas leadership and raw for

evil regime but unfortunately, again and again, our leadership, democrat and republican, the u.n., e.uyear after year after year have closed their ears to their cries for too long. no longer can we close our ears to the cries of the people of iran. then, there's the news of this very morning. as yet another institution created in a system built precisely to prevent the atrocities of nazi germany made an outrageous decision that only helps those who dream of another holocaust. to date, all good people in the world, whatever k with moral clarity, not political correctness, in response to the decision of the prosecutors of the corrupt international court because that's what it is. it's corrupt. they have equated today while we were coming to this conference a democracy with a rule of law and with checks and balanc robust judiciary to a terrorist organization which beheads babies. this is profane beyond comprehension. today, what we witnessed was a transparently corrupt decision made by whitecollared antisemites, antisemites which enable terrorism while seeking to diminish and believe me,

in businesses from -- e.u.m, that's going to be extremely beneficial particularly as a.i. rolls out. stuart: last one. walmart if reports thursday. what do you think the numbers will reveal? >> i think they're going to reveal a couple interesting things. we're going to see a huge shift in demographics coming into the store for the first time as customers readjust to inflation. second, big online numbers hard going to point you towards amazon's dominance. and finally, i think we're going to learn about the character9 of the company. i haven't yet owned walmart, but i'm reevaluating that. if the numbers are really solid, i might make a move. stuart: $60 a share, and might just jump in. keith, thanks for joining us. >>> five seconds until the opening of the markets, and they press the button momentarily, and we'll see how things shape up. remember, a slightly hotter than expected producer price index out this morning. i think we're waiting with some nervousness for tomorrow's consumer price index. the market is op

you also see that e.u. stood up another commerce escort mission in the red sea. our job is to find those options and has been really important to have that international connection and support for these operations to keep that international order firm. >> would anybody like to comment on saudi arabia? >> nick question. let me get to someone in the back if i can. the microphone is coming to you. >> i'm going to follow up on the question on integrated deterrence. the white house liked it so much , they made it a centerpiece. my question is, at the national level is there a kind of rigorous plans and planning processes to implement integrated deterrence in the way that you understand planning and plans in the defense department? essentially is there an interagency j5. >> the answer is actually no, but it is an inspiration. the idea that one would have very integrated planning, but even in the joint context, we all have enough income, we have a good starting point, but when you look at all the different stakeholders across the government, it just becomes that much mo

e.u decide >> as we watch donald watch trump attempt to turn his arrest and indictment into some sort of campaign commercialnd, the folks in the control room, i don't need to see any more of that. >> this he's tryin he'g to turn this and he's trying to turn it into a spectacle, into a campaign. that's enough of that. we've seen it already.e' here he is right now underve see under my voice. you hear him repeating voice rhetoric.mmigrant >> president trump nowpresid in quarantine, has become bee a symbol of his own failures. >> he is running the single most negativ e of a sleazy campaign in american history for a major party candidate. n up a copyre to ope of hitler's mein kampf, fin you would find the leader describing the mixing of non germans with germans as poisoning. say it there's really no other way to say it. donald trump's language mirrorsr this directly. >> he pushes the government of the united states to use itsp power and credibility to justify his lieows. that sound like a journalist or a talk show host with very liberal leanings? to be clear, joe biden will already be deba

the e.u., the u.k., hong kong, and the list goes on have established or are in the process of establishing regulatory framework. the development of technologies and new financial services tools should be taking place here, not elsewhere. i urge a yes vote on h.r. 4763. and with that, i yield the balance of my time. the chair: the gentleman from north carolina reserves. the gentlelady from california continues to reserve. the gentleman from north carolina is recognized. mr. mchenry: i now yield to the chair of the house administration committee, a great member of the financial services committee and innovation policy, mr. style, for one minute. the chair: the gentleman is recognized. mr. style: i rise in support of the f.i.t. 21 act. block chain and digital assets are transforming finance and reshaping in particular the way internet works. but responsible innovators are being held back by stubborn washington bureaucrats and pushing jobs and opportunities overseas. for the first time since generations, the u.s. is at risk on missing out on leading the next wave of technology. f.i.t. 21 provi

weeklong trip to france and elsewhere, focusing on china's trade relationship with the you as leaders -- e.uroduction. this came from politico. the worst thing would be to think that we europeans must become followers on this topic and adapt to the american rhythm or a chinese host of things a year ago. but do you think that xi senses an opening to have a different kind of relationship with the europeans than the one with united states? lisa: some people have put it more bluntly. how much is a xi jinping going to exploit the fissures in the ally relationships to try to get a leg up? because he's not going to all the countries. he's not going to germany. so how much this is going to appeal to countries who more aggressively would like to see the inflation from chinese goods? jonathan: i just wonder how americans will tolerate this position. president biden, his focused as multilateralism to make sure the allies are good allies and we remain good friends to those allies. how much will former president trump hit the campaign trail and say if you want security guarantees from us, don't expect to

local elections not e.u. elections or national elections. if you are an american living in barcelona or spain indefinitely you get to vote in local elections. they adopted the same logic the people in d.c. adopted. they want people living there indefinitely to be engaged in local government. with that i'm going to yield five minutes to the distinguished gentlelady from the district of columbia, congresswoman eleanor holmes norton. the speaker pro tempore: the gentlewoman is recognized. ms. norton: i thank my friend for yielding. i strongly oppose this undemocratic paternalistic bill. this congress republicans have introduced 22 bills to overturn district of columbia election laws. yet republicans have refused to make the one and only change to d.c. election laws that d.c. residents have requested. which is to be given voting representation in the house and senate. i ask unanimous consent to enter into the record a letter from the d.c. council, chairman phil mendelssohn, and d.c. attorney general ron schwab opposing h.r. 192. the speaker pro