if you were to take the imf model where the estimate the impact on u.s. global gdp of such a policy that it's quite an opportunity for the welfare around the world. it would reduce trade barriers and increase and make global economy more efficient. >> mike trumbull, christian science monitor. >> in economic growth, there's quite a bit of labor participation of how to improve it. the need to improve it and now we have senator sanders and others on the left saying let's get a job for everyone come maybe government provide a job. the economic report talks about work requirements so those are two very different approaches to the problem. but i wonder if you could comment on sort of is or at least some common ground? some of the same solutions around whether it's job training or the opioid crisis, is her an opportunity and how much could you may be banned that curve of declining labor participation? >> i think the curve you're referencing probably look at, virtually everyone here i'm sure with a slightly different angle could write an interesting piece on what

government is going to give some support to that, certainly, and we must remember, about last spring, the imf positioned as an economy to benefit from al and that is because there is a reasonably well educated labour force and regulations read anything so hopefully this economy in the uk will benefit through ai and the reason, or how it would benefit, would be raising productivity which really is the key to unleashing wealth as well as a growth through the economy. well as a growth through the economy-— economy. will it counter the im act economy. will it counter the impact of — economy. will it counter the impact of the _ economy. will it counter the impact of the budget - economy. will it counter the impact of the budget and . economy. will it counter the impact of the budget and if. economy. will it counter the i impact of the budget and if the changes that take place in april, where businesses across the country are going to have to stomach more costs? equity just back from china and we will talk about that in a moment, but the question is whether this sort of announcement and strategy is

if you were to take the imf's models where the estimate the impact on the u.s. global gdp of such a policy, it is quite an opportunity for improving welfare around the world. it would reduce their trade barriers and make the economy more efficient. linda: mark trumbull from christian science monitor. reporter: in the economic report there is quite a bit about labor participation. how to improve it. the need to improve it. now we have senator sanders and others on the left saying let's get a job for everyone. maybe a government provided job. the economic report talks about work requirements. those are two different approaches to the problem. i wonder if you could comment on is there some common ground? do both sides see a big need? some solutions are on job-training or the opioid crisis. is there an opportunity? how much could you maybe bend the curve of declining labor participation? mr. hassett: i think the curve you are referencing, virtually everyone here with a slightly different angle could write an interesting piece on what is happening to labor force part

went to the imf for bailout. that is not what people are calling for, so how do we stop it? the narrative and mantra from the biden administration and president-elect, but the question is, what triggers a real dislocation of the bond market? is it additional tax cuts above 5 trillion? what you are seeing is a mini bear raid in the u.s., walking into a global dislocation, but this is a lesson for the u.s. bond market, and if you push the fiscal envelope too hard, too fast and too aggressive, the whipsaw could be on you mental. 1994. jonathan: thank you. looking forward to payrolls tomorrow morning. 165,000 is the estimate in our survey, the previous is 227. we have said good evening, tokyo because we believe they are 30 to follow given would have been so closely. we have to say good afternoon, london, tomorrow morning and that will be a big issue for the u.k.. lisa: even more so than good afternoon tokyo because tokyo is doing fine with wage increases they have seen. it is really know about the united kingdom and europe that is feeling pressure that is impacting markets don't

and, you know, you ask why, the imf recently put out global demand forecasts and expected demand forde. in your last segment you were talking about ai. ai applications require more energy intense computing and it's expected to increase copper demand by 3.4 million tons each year all the way up to 2050. so everything from electric vehicles, electric vehicles use four times more copper than traditional gas vehicles. the grid and renewable technologies. we also expect constant traditional demand to pick up in 2025, construction spending, infrastructure spending and defense. so when you do your risk assessment, yes, the biggest headwinds are higher rates, stronger dollar, weaker china. but the biggest tailwinds could be chinese stimulus for infrastructure and development. i think these things are going to continue to roll through 2025. >> let's take us through the trade. the downward move, how exactly would you trade it in a risk-managed fashion? >> so you look at seasonally, we tend to see copper prices rise to the end of about february, last 13 out of 15 years. when you come out a winn

unfortunately, only the start agreement remains in effect because putin pulled russia out of the imf agreement. one reason that we can understand why reagan message didn't work very well in the short term is to focus on the credit war barriers that he faced in getting this message across. so i want to talk about attitudes in europe and to a lesser extent, japan and south korea, in asia, now, allies of the united states, the united and then the barriers and faced in sending the message to the soviet union, the first message was the first barrier was fear of nuclear war. over the course of the spring of 1982, it very clear that there was major opposition to reagan's arms build up in western europe. writing in businessweek, saul sanders noted authorities in germany are worried about, i'm quoting, vice outpourings of youth and radicals who accused the us of seeking world domination. according to the guardian, the problems related to india policy disagreement in which the u.s. is on the opposite side from europe on almost every important topic in right before the speech in the days before

kennan thought that kennan wrote this or the other thing about vietnam, about the imf missile deployment in the early 1980s. and, you know, i then working as i am now on the foreign relations of the united states series, and i'm supposed to state my views in my own and not those of the government, but i thinking to myself, if each of these moments i that paul nitze is intimately involved in these negotiations and kennan is writing in a way that reinforces what i think a lot of critics, american foreign policy were already inclined to believe. and he wrote beautifully i mean really a great and historian but did it actually change the policy and that kind of got b interested in it and his longevity and the kind of point i'm making the book is, you from roosevelt to the title from roosevelt to reagan paul nitze ackerman's white house pension to the most important matters of u.s. security and defense, namely nuclear strategy and negotiations. and, you know, i tried to lay out in the book, well, how does he do it how does he stay relevant for all these years? and i think that, you as you allu

so the imf by 2029 has about as third in g7 that candid and he was. you telling the committee today both u.s. and canada are -- >> high sustained growth is what we set out for manifest growth. that looks be an important light on the graph. i also want toto make it clear r voters, for the public, that what that translates into for them is being better off, that they've got more money in the front pocket. >> which is not put numbers on that. you said you just want to see real household income go up. you've been a pilot since 19 -- we put numbers on that have better people feel? >> there's two elements. disposable income which is got up but not very much in the last parliament come something like 0.2% so didn't go up materially. the other aspect is productivity. gdp per capita certainly has been going up. it's a bigig part of the proble. we want to put the two together and are measure and track growth of them up. that is not been achieved in previous parliaments. and, therefore, it's a very ambitious thing to go for. that's why we sent it out. it's consi

the imf by 2029 has a start in the g7 behind canada and the u.s. you're telling the committee today -- >> high sustained growth is what we set out for. i also want to make it clear for voters, for the public, that the public is feeling better off. -- is being better off. >> what you have not put numbers. you just you want to see real household income goa. you put the numbers on how much better people will feel? >> there's two elements, disposable income which did not go up very much the last parliament. like 0.2% so it didn't go up materially. the other aspect is productivity. gdp per capita certainly hasn't been going up. as part of the problem. we want to put the two together and our measure. and drive both of them up. that has not been achieved in previous parliaments. it's a very ambitious thing to go for. so we're going to need to really unleash business potential in order to fit that admission. my committee has been talking to hundreds of businesses over the last month, what they say to me clearly is the combined impact of the national insura