howard china is part of a whole system which believes his time has come. he relies on an authoritarian system of total surveillance on economic expansion without scruples and again and again, she provokes and threatens with military aggression. the chinese president believes his way is for superior than that of western democracy. china's president changing ping starts july 30th on d, w. a with hello and welcome to focus on europe. thank you for joining us for this week's edition. let me begin by saying that i am really thankful this studio here is air conditioned because outside the sweltering heat wave continues across europe. people are suffering from the heat with countries continually reporting record high temperatures. and while fires are igniting not just in southern europe, but in central european countries, and even in the typically cooler northern parts, heat, waves, and drought each, a consequence of human induced climate change are becoming bigger problems every year. some of the consequences of climate change have almost biblical proportions li

china part is weighing down right now but, i think the consumer is somewhat strapped. i think maybe they will still go to starbucks but maybe, trade down a little bit. we know howard is in the middle of a difficult turnaround that is not really taking hold yet. the multiple, i think it is 29 times, significantly above the market. maybe cheap relative to where starbucks has traded in the past but, 29 times just too much. >> i will fade this one. i think paypal is good context. a similar company but higher free cash flow, more profitable. quality. that is the profile you want. i think at 20 times, i want something like that as opposed to something that is reliant on future -- second two strikes against you. >> i said sorry. >> i will take the other side. i think there is so much negativity in here. significantly lower than where the market are. also looking at -- a really low bar they had to meet. longer-term, it has a lot of opportunity looking forward. there is an electronic payment system abroad that still has a whole growth potential -- might be worth a trade. >> last but not least, -- >> it is in my portfolio. clearly, it is down for the year which has not been

china are examples in addition to saudi arabia. we also have them as trading partners. with we knee -- we need them for some things, when you go -- howardbut do you think the media was off a base then? everybody should just say, well, this is politics in the global community? >> yes, i do. after the meeting the foreign minister of saudi arabia said they should really, you know, focus on content of the meeting and that this was actually a win for joe biden as opposed to the first bump. look, he said he wasn't going to shake his hand, he did something else. you have to do something. he's a prince, you're a guest in his house. i've interview horrendous people, grand wizards of the kkk, i treat them the same and with respect as a guest on my show. that's part of diplomacy, and that has happened since adam and eve, and it will continue long after we're gone. this does not take away from the horrendousness. the president said that he did not believe that the prince was not responsible for this man's death. howard: right. >> and he looked him in the eye and said that. howard: there were some disputed accounts in the saudi version. ben, there's