i think janet yellen's _ important thing. indeed. i think janet yellen's visit _ important thing. janet yellen's visit should - important thing. indeed. i think janet yellen's visit should be i janet yellen's visit should be welcomed by the whole world, and china. it is more about the us trying to understand first, what is going on in china? china's economy is really not in good shape. the us is really not in good shape. the us is worried because this is not the right time to have fun due, 2015, if you recall, stock markets collapse just because we could not see any way out for the chinese economy. second,it way out for the chinese economy. second, it is to make sure that it is clear to china that the only thing the us is trying to achieve is this kind of small yard, but high fence idea of de—risking. export controls will be very targeted. indeed. it is also expected that janet yellen will be raising what the west will call china's unfair practices, including what we saw earlier this week. i wonder if she is discussing that around the table will there be any pushback from the chin

even if janet yellen is seen as — ago. even if janet yellen is seen as the _ ago. yellen is seen as the good - ago. even if janet yellen is seen as the good copy - ago. even if janet yellen is seen as the good copy as l ago. even if janet yellen is i seen as the good copy as you said, this visit comes days after beijing announced its restricting imports onto key material is important for manufacturing, semiconductors. do you think this casts a shadow if you will over these talks? , ., , shadow if you will over these talks? there is all sorts of thins talks? there is all sorts of things that _ talks? there is all sorts of things that cast _ talks? there is all sorts of things that cast a - talks? there is all sorts of things that cast a shadowl things that cast a shadow over this. those two materials, gallium and germanium, which are key materials for making electric vehicles, i think that is the response of china to the imposition of a restriction on exporting us designed microchips to the united states, so that is a big issue between the two countries. there are b

so coming back to janet yellen's _ military. so coming back to janet yellen's visitor, - military. janet yellen's visitor, what | janet yellen's visitor, what did the us and china hope to get out of this? figs did the us and china hope to get out of this?— get out of this? as you said, the expectations _ get out of this? as you said, the expectations are - get out of this? as you said, the expectations are fairly i the expectations are fairly low. however ms yellen has been given a warm welcome in beijing and i think today's meetings will go that way. the meeting with liu he, the vice premier this morning, is probably the most important and that will be the most detailed. she is then going on to meet li qiang, the chinese premier this afternoon, that will be more protocol and a formal welcome by the chinese government. janet yellen is seen by the chinese in fairly favourable light. she has talked about the need to keep engagement with china, she has talked of the need to lift tariffs that were imposed during the trump administration, she has been quite critical of those tariffs. and

janet yellen came out publicly _ capability. janet yellen came out publicly in _ capability.ublicly in favour of easing tensions with china in an address you gave atjohns hopkins university in april and she added the following: do you think that's in line — that message is in line with the actual measures we've seen the actual measures we've seen the biden administration take? so far i believe it is in line with the measures the biden administration has taken. which go back to october 7 last year when the united states imposed some restrictions on the sale of semi conductors to china. so there's a lot of talk about applying it to other areas such as quantum computing and cloud computing, and artificial intelligence. it remains to be seen how far they should go. i want to highlight something that's interesting to me — the united states and china are both putting security before economics. they are both really highlighting and prioritising their security interests. the chinese are doing the exact same thing. so this really should come as no surprise. we just have to reassure ea

give us your take on janet yellen's is it to - on janet yellen's is it to china, four days she had very high level meetings with the prime minister among others. what did she achieve? i prime minister among others. what did she achieve?- what did she achieve? i think very constructive _ what did she achieve? i think very constructive dialogue, i very constructive dialogue, from what we hear on the ground, notjust the official dialogue with ministers, various policymakers but speaking to economists on the ground, people who are in touch with business, it does seem that there is a real intention to engage chinese businesses, with academics, to really talk about the future progress, in terms of the us — china dialogue. terms of the us - china dialogue-— terms of the us - china dialogue. terms of the us - china dialouue. h , ., dialogue. it's interesting to see how positively - dialogue. it's interesting to see how positively the - dialogue. it's interesting to - see how positively the markets have reacted to this, hong kong up have reacted to this, hong kong up strongly today and man lane

janet yellen will defend u.s.urbs imposed on security grounds and expressed concern about beijing's export controls on metals used in semiconductors and solar panels. let's get some analysis. we see janet yellen being greeted there on the red carpet in beijing. we are joined by the head of the china studies center. thank you for being with us. can you give us your perspective on what this meeting is about? >> of course, janet yellen herself tweeted that it was the president of the united states that charged the administration with deepening communication with china. of course, this is a double-edged sword, right? she used to be a london school of economics professor, and it is a bit of an issue because the s what's happening is a demo of real talk, so this is not small talk. this is real talk about the economy, but on the other hand, it is a non-winner in agenda terms because the issues are structural. they run deep. they run back to trump's administration, but at the same time, this is an interesting sign because

sorry, brian janet yellen is?— brian janet yellen is?an janet yellen is? if i make it was brought up by secretary - brian janet yellen is? if i make it. was brought up by secretary blinking and the redoubt of issues that were discussed. secretary kerry, my former boss from the 0bama administration, this is is rector he continue talks about engaging china, because this is the existential crisis over time. when the chinese, frankly, have taken loops ahead most of the rest of the world in terms of investing in clean energy, in solar. they are taking this seriously, the climate issue. they are converting their energy production too much cleaner energy infrastructure than most of the rest of the world. so, they are crystal. without china and they are crystal. without china and the united states in the game, but really have a hope in combating climate change.— really have a hope in combating climate change. paul? ithinkjol is riuht. climate change. paul? ithinkjol is riht. it climate change. paul? ithinkjol is riuht. it is climate change. paul

janet yellen speaking to a - for lunch. applause. janet yellen speaking to a group| for lunch. en speaking to a group of female economists in beijing on automatic trip she has made to china. let's go back to fukushima. the waste water from the plant which was affected by an earthquake in 2011 and a tsunami which severely damaged the planet, 12 years after that eventin the planet, 12 years after that event in 2011 the plan to release treated wastewater from the plant was endorsed by a united nations watchdog. some scientists and activists have opposed the plan due to concerns about the impact of the ocean bed and marine life. meanwhile seoul has said it respects the un body plasma conclusion the discharge of waste water from the fukushima plant will be largely safe. but the government has not been able to reassure the south korean public who are overwhelmingly opposed to the release of the water. more now from seoul and asia—pacific editor of the world service, michael bristow. the editor of the world service, michael bristow.— michael bristow. the plant reall is michael bristow.

jonathan: janet yellen speaking in india.our -- in about an hour speaking to the treasury secretary about china and things beyond that. equities slightly negative, we are down .1% on the s&p 500. once again, we have a weaker dollar against the euro. 1.1238 for the euro against the dollar and yields are lower, down five basis points. your 10 year 3.7794. tom: euro breakout would be something we have not seen yet. it is a quiet day but it is a on the watch quiet day for what is supposed to be quieter monday. jonathan: looking out for the ecb to potentially hike again and then watched? recession right now in germany. tom: we could waste our time on that with annmarie hordern. she is the euro correspondent but there are more important things to talk to her about today. there is a conversation with the secretary of treasury. annmarie hordern, i am certain that in washington we have never had a secretary of treasury who understands the dynamics of our labor economy as this sector of the treasury. does janet yellen feel we have reac

a bow from janet yellen, really.or all of this aggression coming from communist party officials. we don't have any here at the white house. >> we're opening doors, not taking them on. maria, as always, you're covering all angles. we look forward to watching, 15 minutes. maria: thank you. >> still ahead on "fox & friends," you know how much we love our national days and today is national sugar cookie day. the owners of bake, eat, love are here with some sweet decorating tips so you can make delicious deserts at home and then i think we're going to compete for the best design. don't go anywhere. ♪ come on, fire me up. ♪ pour your sugar on me. ♪ i can't get enough. ♪ i'm hot, sticky sweet.is ♪ fro bm my head -- er® using the finest materials, like indulgent memory foam, and ultra-conforming intellicoils®, for a beautiful mattress, and indescribable comfort... every single night. stearns & foster® what comfort should be. for a limited time, bring home incredible comfort with $400 in savings on select mattresses. learn mo

bubut janet yellen s said some american trade restrictions that it doesn't like are non-negotiable. namely on chip technology. yellen also warned america may restrict money flowing into sensitive sectors, too. >> if we go forward with these, that they will be indeed very narrowly targeted. and not, should not be something that will have a significant impact on the investment climate between our two countries. >> reporter: less than a month ago, secretary of state antony blinken was in beijing to spearhead the white house's mission to reset relations with china. janet yellen's followup visit has been warmly received. and, as she heads home today, yet another u.s. official is packing his bag. in about a week, the u.s. climate envoy, john kerry, is due to be here in beijing for even more talks, which could well pave the way for presidents biden and xi to meet before the end of the year. elizabeth palmer, cbs news, beijing. kofrget >>> now the weather. this is oklahoma, which was swamped early today. the rain fell fast, leading to flash flooding and high-water rescues. and after a brutal

treasury secretary janet yellen touching down to beijing for a controversial trip that the administrationwill ease tensions between the countries. we will be following her visit throughout the morning, let's take a look at markets, futures this morning as you can see our trading in the red once again. the dow jones industrials pointed lower by 155 points, nasdaq down 58 and change in nasdaq down 18 the fed releasing the minutes from the june policy signaling more rate hikes ahead. we have you covered on that. we have jobs data on deck today, june adp and jobless claims coming out this morning and the 8:00 a.m. hour. it's all hands on deck for the june jobs report that comes out 8:30 a.m. eastern time tomorrow, take a look at european markets this morning. as you can see right now red arrows across the board the cac 40 in the dexter in the red and in asia overnight, red across-the-board. joining the conversation all morning long optimal capital director of strategy francis newton stacy and former new york state homeland security advisor and redlands security michael balboni, "mornings with

the treasury secretary janet yellen arriving in china. we will take you live to beijing.ing its competitor to twitter called threads, we will show you what mark zuckerberg said about the new service. "squawk box" begins right now. >> good morning, welcome to "squawk box" on cnbc, we are live from the nasdaq market site at times square, all three of us are here. >> all of us in yellow, how did we do it? one of

janet yellen declares u.s.hina ties on a surer footing after her beijing visit saying washington's message has been received on trade and supply chains. >> buying back shares at a steep discount as investors hope that million-dollar fines marked the end of the regulators crackdown on jack ma's company. kathleen: the new zealand and eu sign a new trade deal pledging to meet new green goals. check wall street. down a little bit. the s&p 500 and also the nasdaq after a jobs report left people kind of scratching their heads about a cooling labor market. look at the number of jobs. fewer than expected were created last month. at the same time wages actually rose while unemployment fell. we can see in the futures market the small gains actually are being indications of very marginal small gains. really unchanged at the open. it is the middle of the summer. trade is a little lighter. it has been for some while. you can see the 10 year showing a 4.06% yield. it was around 4.04% friday. the dollar weaken friday. that ga

we already hear from janet yellen ahead of the conversation.will be speaking to the eu commissioner for econo i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy. it just works in everyday life as a mom. >> go

janet yellen says _ any kind of noisy backdrop. janet yellen says it _ any kind of noisy backdrop.ys it is about the risking not decoupling and once again it adds to the fact these economies are intrinsically linked. —— de—risking. whether it is american customers buying chinese made goods are china relying on other countries are parts including mineral she touched on. usa the acting is of national security concerns but the chinese deceit is trying to contain the growing economic power trying to decouple supply chains and when you have the biden administration for example threatening to withhold access to certain cloud to chinese customers in the wall street journals to reduce the mistrust existing between the two sides. we got someone like general welwyn travelling to beijing to meet face—to—face and delay some of those fears. the backdrop also makes it very difficult with each side holding all sorts of cards trying to play because these things get a bit tricky. excuse me if i can speak. michelle flew to new york and i am so sorry. michelle fleury with the latest meal. cutting oil

janet yellen is also expect to meet with the business community. there are also expectations that both sides will want clarity on definitions of national security and a better sense of how the economies are holding up. singapore, cnbc business news. >>> in dealnews a company has priced it ipo at ,20 per share. the pricing implies a market cap point ,■ billion. the debut will be one of the first ipos journal -- and germany. >>> romania will host europe's biggest ipo event of the year. hidroelectrica has priced their shares under $23 giving it a market cap of over $10 billion. shares will start trading on july 12th. cab payments made its debut today. this has an evaluation of 850 million pounds. >>> this email is confident -- this ceo is confident when asked why he is moving to another country. >> we will continue to dominate the global markets. from my perspective i look at it and silicon valley is a great tech location but so is here. we have been around for a long time in london as i mentioned. the bulk of our employees are here. we do believe thi

you can tell how rigid they were on the janet yellen trip. there's no progress. griff: michael, when we have the big overseas trip by u.s. officials like janet yellen, we think about something tangible, are they going to bring anything back, trade promises, do you see any tangibles coming out of this trip? >> not know far, she revealed to the press on the way over that she wants the chinese to engage in debt forgiveness to a lot of really poor countries especially in africa where these countries are heavily in debt to china. so, i myself think she's very over optimistic, but that apparently was one of their requests. no movement on that. there's probably four or five other issues we know she's seeking something because she used to be president of the san francisco federal reserve. griff: right. >> she had lots of contact with china. she's not naive about chinese trade policies, but to say that we should discuss our differences and our concerns, that's negotiations the way president trump was doing it. so it's a real setback. griff: do you believe that she messed

we heard janet yellen on the four-day visit.the traders in that shanghai go out for lunch, who comes back? that is the question is in it? haslinda: japan under pressure with further consolidation happenings in that market. the nikkei 225 still up 25% on the year. ain't to shabby. currently it is under pressure down 0.2%. we are keeping an eye on the yen. it is trading a tad higher. mr. yen says 168 may be coming in 2024. the boj's -- as saying a balance approach is needed. wages in japan have doubled from a year ago suggesting perhaps the boj may move on its policy earlier than anticipated. the yen 143. 92. now to the india focus. we are looking ahead to stories that investors are watching. shares of a drugmaker will start trading in mumbai after its ipo will hold auctions for reverse repo and government bonds. it is also set to release weekly foreign exchange data. keep an eye on latest monsoon rainfall data. currently 5% below normal levels. the adani group spring noble energy plans to raise $1.5 billion to fund the conglomera

can janet yellen said, the second in as many months.llen do said, the second in as many months. can janet yellen do what the others have not yet managed to do, which is though that relationship that is particularly frosty about politics but also now economics and business two. ., but also now economics and business two. . ., ., but also now economics and business two. ., ., ., but also now economics and business two. thanks for having me. i think it is a difficult — two. thanks for having me. i think it is a difficult task _ two. thanks for having me. i think it is a difficult task for _ two. thanks for having me. i think it is a difficult task forjanet - it is a difficult task forjanet yellen. i think she has a more conciliatory tone compared to the other us officials but i think it will be hard to see a breakthrough given that their�*s still so much tension between the two superpowers. i think this trip, i think most analysts would believe it is opening analysts would believe it is opening a channel for communication to talk, basicall

janet yellen's follow-up visit has been warmly received. and as she heads home today, yet another u.s. official is packing his bag. in about a week, the u.s. climate envoy, john kerry, is due to be here in beijing for even more talks, which could well pave the way for presidents biden and xi to meet before the end of the year. elizabeth palmer, cbs news, beijing. >>> now the weather. today intense sorms from the south to the northeast, this is oklahoma, which was swamped early today. the rain fell fast, leading to flash flooding and high-water rescues. and after a brutal week of blistering temperatures, can it get any hotter? the answer, yes. meteorologist paul goodloe from our partners at the weather channel has the forecast. >> major, this steamy sunday has turned into a very stormy sunday. the storms are not going to stop overnight but continue even into monday. the big concern is flash flooding. the southeast popping up storms, lines of storms, damaging wind, hail and a lot of heavy rain coming through there. damaging wind is going to b

what more did janet yellen happy to say? what more did janet yellen happy to sa ? business community in bei'ina and say? the us business community in beijing and in _ say? the us business community in beijing and in china _ say? the us business community in beijing and in china specifically, - beijing and in china specifically, and the concerns they have clearly raised with her about market access, and what he talked about as punitive actions against us businesses in china. the fact that this year, we have seen several us businesses investigated with some of their staff arrested, and at least one closed down. that has caused a great deal of concern, i think, for the safety of us companies operating in china. there is also concern that china. there is also concern that china isn't really giving proper open free market access to us companies, according to wto rules, and china finds ways to discriminate and china finds ways to discriminate and keep out certain us companies that it doesn't want to compete in the chinese markets. but there are a whole host of other prob

the united states' treasury secretary, janet yellen, is leaving china after a visit to try to strengthene believes the two countries can have a healthy relationship. while in china, ms yellen held 10 hours of talks with senior chinese officials — saying the meetings had put relations between the 2 countries on a "surerfooting" — after a long period of tensions over trade and other issues. here's ms yellen speaking at a press conference earlier. us and china have significant disagreements. those disagreements need to be communicated clearly and directly. but president biden and i do not see the relationship between the us and china through the frame of great power conflict. we believe that the world is big enough for both of our countries to thrive. both nations have an obligation to responsibly manage this relationship, to find a way to live together and share in global prosperity. 0ur correspondent rupert wingfield hayes has been following the story from bangkok — and he gave us this analysis of ms yellen�*s visit to china. very broadly speaking, i think this trip has gone as well as an

janet yellen referred to further u.s. economy.ay be the outperformer's in what will be potentially a mixed session in asia. china growth concerns continuing to weigh on sentiment even as we saw pretty decent rally in the u.s. session. u.s. futures also higher. a bit of weakness when it comes to the yen as well. shery: shery: and those concerns about the chinese economy, reflecting in the stock markets in china as well, haidi, when it comes to the equity markets in mainland and hong kong. both really under pressure. when we talk about china, the largest emerging market economy, we have been talking about it as an anchor for riskier assets in emerging markets. well, that seems to be decoupling right now. china versus em's, this chart shows u.s. stocks have left em stocks behind, but em stocks excluding china are leaving em stocks behind with china, that is. we have seen at the underperformance of chinese stocks versus emerging market years to about 16 percentage points this year or so. that would be the widest margin since at least

janet yellen is expect to arrive shortly in the chinese capital and she is the second high—level us cabinetto do so after secretary of state antony blinken�*s visit just a couple of weeks ago. her trip also comes after beijing moved to limit the exports of certain rare earths just days ago. monica miller has more. this is the first time a us treasury secretary has visited china since the covid pandemic and this is the environment they find themselves in. for example, trade restrictions. one point of contention is over rare earth metals, essential components to make semiconductor those which are used in everything from smart phones to military equipment. earlier this week beijing said it will require a special license to obtain two metals predominantly mined in china stopping this move has seen a retaliation against export bands put in place by the united states of critical technology needed for artificial intelligence and quantum computing. both sides argue that these bands are neededin argue that these bands are needed in the interest of national security. another issueis national security

well, you know, janet yellen _ the politics? well, you know, janet yellen is _ the politics?itics? well, you know, janet yellen is an economist l janet yellen is an economist and i think that's one of the reasons that she is welcome quite warmly in china. she is a person who is respected in china as a very, very experienced professor of economics are knowledgeable about financial markets and trade issues. but there is no doubt there is a lot of politics involved in this as well and that politics underlies all of this. because of the deep suspicions between the us and china, with china thing the us in terms of containment, of trying to hold back china's developments and the us increasingly think china as a strategic rival any potential military rival over issues like taiwan. there is a distinct lack of trust on a political level and that is why dialogue is important, very important to try, not to resolve the issues, but to manage the issue so the two hugely important economies and military powers as well, do not go down the road to a trade war or even some sort of military con

janet yellen says u.s. a healthy competition. >>> two tankers changed course and heading to seattle as labor strikes at the west coast ports continue the move marking the first instance of the first rerouting of ships. >>> meta's threads topping the app stores mark zuckerberg boasting 30 million users so far just launched yesterday. >>> lvmh is considering a u.s. ipo for birkenstock. one that could fetch the value of $6 billion. >>> tesla offering new buyers in china a $400 cash bonus. >>> and rolling out an a.i. image generator for alibaba. shares of alibaba this morning up 2.5%. >>> turning to the trading day ahead and monthly jobs report expected to be the key driver for the markets on the back of the data yesterday showing the labor market is hot. that is raising concerns with investors that the fed could keep up the rate hiking campaign longer and keep up the pressure on the economy the uncertain economic outlook top of mind for amazon jassy. he spoke with jon fortt yesterday. >> i don't think we're ou

janet yellen tried to assuage those concerns at beijing. that was almost to the top issue she needed to hammer home in her talks with government officials in beijing. let's listen to what janet had to say yesterday at the close of her trip. sec. yellen: it was important for me to address this issue and ensure my chinese counterparts these are by no means the same thing. this is something i am trying to communicate and i believe very strongly myself. certainly, i think the message was received. >> clearly the u.s. is diversifying supply chains. it's de-risking in certain areas and that is where she wanted to clarify to beijing. these are targeted curbs. the export curves. and potentially what is coming down within days or weeks, that biden executive order essentially banning u.s. investment in key technology areas like artificial intelligence, advance to chips and quantum computing. she needed and tried to tell beijing these are targeted curbs, not a broader attempt to limit china's rise and access to core and key technologies. but again, you

you can read i more analysis on janet yellen's more analysis on janet yellen's visit to beijing on moreonjanet yellen's visit to beijing on our website. meanwhile the us has been keeping a close eye on beating's handling on beating's handling of its currency however china says the reason it is so low is because of the us federal reserve raising interest rates. the central bank there held the cost of borrowing study last month after ten straight hikes. more rate hikes but at a slower pace, that is the message from the american central reserve. policymakers intend to raise interest rates as soon asjuly after taking a break last month to assess the impact of ten previous increases. while fed officials seem to be in agreement for what to do next meeting minutes released on wednesday showed there was disagreement amongst members over the decision to hold off injune. they could have supported a rate rise last month because inflation remains well above the 2% target. the minutes show how policymakers aren't grappling with how to tame inflation after it hit aao year high last year. even after l

treasury secretary janet yellen in beijing from 9:30 u.k. time.she make relations better before she leaves on sunday? you have had asian shares following wall street lower with hang seng leading declines. it is day two of the opec meeting. oil flipped into the red, we will be getting more from vienna with manus cranny shortly. first, for more on how asian markets are faring, let's talk to bloomberg's yousef gamal el-din. asian equity selling off for a second day? yousef: this is partly to do with what we got from the fed minutes, and what that means for yields around the world. the other part is from the property woes coming through from sino ocean trip, a china property player, feeding into a selloff across other sectors as well. thanks getting hit hard. this is a breakdown of indexes. the msci asia-pacific is down 1.3%. the real pain being felt, hang seng index. this chart tells the story of sino ocean ytuan notes triggering a 30-minute trading halt after jumping 20%. the moves are seen as some of the declines and building on that from earlier t

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us treasury secretary janet yellen continues her multi—day trip in china. unfair trade practices but in the past day, yellen focused the talks on climate change. the us treasury secretary janet yellen called for deeper cooperation between us and china in addressing what she called the "existential threat" of climate change. during a visit to beijing, she urged china to support international initiatives such as the green climate fund. speaking in beijing at the start of a four—day visit, she called for healthy economic competition, and criticised china's recent export restrictions on key minerals. yellen said it was important that both china and the united states worked together to mitigate the effects of climate change on poorer countries. climate change is on top of the list of global challenges. and the united states and china must work together to address this threat. history shows us what our two countries can do. moments of cooperation on climate between the united states and china has made global breakthroughs possible, including the paris agreement. b

i was glad janet yellen was there.heir economy -- you know, they're a rising power but their economy is in real trouble now, much worse than -- we have demographic problems with an aging population that weakens them also so they need to do trade with us but i thought janet yellen was good in that she talked from the perspective of american businesses that feel that they're treated unfairly, that essentially they're cheated by the chinese and until that stops things are not going to get better so this is a -- in my opinion, with the chinese we have to use a carrot occasionally but the stick always has to be handy. maria: all right. senator, good to see you. thanks very much. joe lieberman. >> you too. have a good day. maria: quick break and then portland paves the way to keep drug users on drugs with a new handout program. wait until you see what's making a buzz this morning. you're watching "mornings with maria" live on fox business. we never just see the numbers. we see what it looks like to support the next generatio

key takeaways from janet yellen's briefing yesterday. >> just to put into perspective, janet yellen inndia for the third time in nine months bringing another message of hope on the back of a trip to beijing just last week saying relations are on a sure footing and she is looking to de-escalate tensions between the two sides even further. she cited debt restructuring. china is key to this. it has been reluctant. lenders are looking for preferential treatment. not wanting cuts and that is prompting other lenders to want the same. this is an area the two sides can work better together but there has been pushed back from janet yellen saying when you talk about de-escalation, it does not include areas like the tariffs imposed on chinese goods. that will take time. both times still weary when it comes to trade. there's been a lot of pushback. we heard from chinese officials saying it is fragmenting the world. janet yellen did respond. she said we are not looking to decouple. what we are looking to do is enhance. to make supply chains better, more resilient. we are looking for alternatives li

we will need to work on that going forward. >> janet yellen to bloomberg's annmarie hordern. -- janet yellen speaking to bloomberg's annmarie hordern. we have interviews coming up with policymakers including the australian treasurer jim chalmers. >> we will be looking forward to those comments at a time when we have concerns ongoing about the chinese economic recovery. wall street banks cutting their growth forecast for the world's second-largest economy, but they are also seeing less chance of the u.s. recession. chips are in focus with ceos of the top u.s. manufacturers visiting the white house. kathleen hays and stephen engle. kathleen, let me start with you because it is all about chinese economic growth. what are the expectations right now and is beijing's 5% growth target at risk? >> the economy was actually supposed to get stronger in the second quarter and the latest data show you it is losing momentum. it did not get stronger, still growing, but this is an important factor to figure out what is going on next. our quarterly basis, quarter to quarter gdp was up 2% in china but

dani: that was janet yellen, u.s.asury secretary speaking exclusively to bloomberg from the sidelines of the g20 finance ministers meeting in india. we are firmly in the earnings season. at the end of last week we have a lot of bank earnings. we have morgan stanley, bank of america, some regional banks. we will continue with some other banks, as well as tech and european earnings, too. jp morgan in their earnings last week has proven to be the goliath of global banking. they were the only stock out of the kby banking index to end friday on the green. look at the performance year to date of jp morgan versus the rest of the kbw banking index. the divergence happens in march during the svb regional banking crisis. there is the thing. jp morgan's gain is still less than the entirety of the s&p 500, so there is concern about the industry. are we reaching peak net interest income, are deposit datas going to pick up, is the consumer under pressure? regardless, analysts expect jp morgan to shine. i want to show you what a ban

start today at empower.com jackie: treasury secretary janet yellen i on the heels of anthony blinkenast month. she is pushing for economic fairness and not a winner take all situation with china as a competitor, the trip coming after beijing restricted exports of two crucial minerals to the united states used to produce semi conductor chips, there are reports that john kerry will also visit china next week to address climate change, joining me now retired army lieutenant general keith kellogg. it is great to see you. china denied the u.s. request for military to military communication when secretary of state lincoln was there a couple weeks ago. who benefits more from these trips u.s. or china? >> thank you for having me. when we look what happened was secretary bloodgood when he went to china and when we look secretary of defense lloyd lloyd austin went to singapore and was totally snubbed by their secretary defensively and then you see jane janet yellen it's a little bit late in the game for trade policies with china, you're sending treasury to the secretary. i'm wondering if the u

guest: i don't think janet yellen the authority to do that herself.he most that can be helped at this stage is productive talks and both sides exchange their views then janet yellen goes back to washington, d.c.. the context of this of course is that china imposed restrictions on exports of a couple of critical elements in semiconductor sector a few days ago and that has escalated the tech tensions. guy: what impact are the restrictions that the u.s. is currently putting on china having in terms of the economic impact? guest: the economic impact of the restrictions on china's access to advanced semiconductor technology are certainly hampering china's ability to advance in certain sectors. the most obvious victim of u.s. restrictions is huawei. the advanced mobile phone business was destroyed because it could make or access the most advanced chips required for those kinds of mobile phones. more generally, china's chip producers like smic have been unable to access the most advanced edging machines, lithography machines. that puts a ceiling in terms of

[cheering] >> carley: fox news alert, treasury secretary janet yellen will touchdown any minutes in beijing in latest attempt by biden administration to ease tension with china. we'll unpack her visit with gordon chang coming up. >> ashley: and president biden staying tight-lipped on the drug bust. >> carley: a yankee camera operator carted off the field after getting hit in the head with a wild ball, we have details on that story, as well. you are watching "fox and friends first," i'm carley shimkus. >> ashley: i'm ashley strohmier in for todd piro. those stories and more coming up over the next hour. breaking news overnight. two firefighters are dead after battling a fire on a cargo ship in newark, new jersey. coming from wnyw. the fire started just before 9:30 last night, engulfing several vehicles on the ship. calls ringing out when responding crew members reported missing in the active scene. the cause of the fire is still under investigation. >> carley: and another alert, claiming u.s. service members were among those killed in a bomb attack in somalia. kenya delayed reopening of the

us treasury secretary janet yellen plans a trip to beijing this week, in a bid to mend ties between the world's two largest economies. welcome to world business report. i'm ben thompson. electric car maker tesla delivered a record number of vehicles in the three months to the end ofjune, hitting 460,000 cars — more than 80% up on the year before. ofjune, hitting 460,000 cars — it's now well on its way to its goal of 1.8 million for 2023. the rise came after tesla cut prices in the us, uk and china, in a bid to boost sales and compete with rival manufacturers. jim holder is an automotives expert and joins me now. good to see you. it seems that cutting the price of something it means demand goes up. it is not rocket science, but it is the kind of elusive sales figures that tesla has been after for a while. absolutely. this is great news for tesla, after a very hard into last year, particularly in its new chinese market, where it has been trying to push sales. but of course, pushing prices down bush's margin is done, and i think what we are all looking for is whether they can maintain prof

china relations will be in full focus this week as treasury secretary janet yellen's attends g20 meetings in india. climate envoy john kerry is also holding talks in beijing. let's bring in stephen engle in hong kong. let's start off with yellen. what will the strategy be at the g20? stephen: i think you are right in that she has to find further areas to de-escalate the relationship with china. they have had antony blinken go to beijing, she was there, john kerry is there now. there will be more dialogue, but will there be a higher level meeting at some point between xi and biden? of course they have not met or even talked since the last g20 back in bali in november, eight months ago. finding areas to de-escalate further is going to be a priority obviously for the biden administration, and for the matter of china as well. as their economy is sputtering. we are probably going to get disappointing gdp numbers. the headline later today will probably be very alarming in that it is 7.1% as a consensus. that is coming off base effects from the shanghai lockdown, so quarter on quarter growth wil

the other thing janet yellen went to great lengths to do during this trip is to try and convince theto china. she said they do not view the relationship through the prism of big power conflict and that america was not going to decouple its economy from china. whether chinese officials believe that or not, we do not know and we haven't had a readout from them yet. ithink, in conclusion, i mean, i think this shows that dialogue is happening again. more dialogue will come in the next few months. there will be more visits by us officials and chinese officials the other way. but you know, most experts you talk to say this is now a very difficult relationship and one that is going to need careful management in the long term if it is going to remain stable, and that this progress made in the last few days is good, but it is fragile. it's a year since thousands of protestors in sri lanka stormed the residence of the president, demanding that he resign. demonstrators from all over the country marched on colombo — protesting against the mismanagement of the country's economic crisis. extraordi

these are the pictures of janet yellen�*s departure from washington earlier on wednesday.official, since ties worsened earlier this year. secretary of state antony blinken visited beijing a few weeks ago — meeting with china's president xi. let's now bring in professor eric how it's from the university of hawaii and eric's work focuses on china's economy. thank you so much for joining us on the programme. i guess secretary yellen is seen as friendlier to beijing compared to mr blunn can. do you think she can achieve more than their secretary of state? think that janet yellen�*s portfolio is more amenable to the kind of issues that china is interested in resolving between the two countries. the us and china had record trade, a total of $690 billion last year with the end of covid. it was a record and so this is a fertile field for agreement between the two countries. secretary of state blinken had a different set of issues to talk about, taiwan, national security, human rights and so while secretary yellen will probably have to bring up some of those topics, the issues that

what will be janet yellen's message on mineral trading?nnounced these restrictions to take place in around a month, the start of august. it hasn't been officially said but i think the real reason that china is doing this is a tit—for—tat thing where the us has been tightening restrictions on china's access to advanced chip technologies from the us, but also from the likes of the netherlands, too. ithink us, but also from the likes of the netherlands, too. i think china is trying to send a message, a negotiating ploy, saying... stop imposing tougher restrictions otherwise china will do things that potentially could lead to a big disruption in this very critical technology sector for the entire world economy. indie technology sector for the entire world economy.— technology sector for the entire world economy. technology sector for the entire world econom . ~ ~ ., , ., world economy. we know these are the world's two biggest _ world economy. we know these are the world's two biggest economies. - world economy. we know these are the world's t

we heard from janet yellen today and the exclusive with bloomberg. she talked about the ripple effects, especially for asian economies dependent on china. most of them have china as a key trading partner. that could be spillover effects in the united states as well. she was cautious to say unlikely to see a recession. we have strong labor in the united states, inflation going in the right direction, so she made it a pretty hopeful picture. take a listen. >> we are undergoing a four year required review with tariffs. we have to see what comes out of the review, but i would emphasize that the underlying concerns we have of not -- have not been addressed in we need to work on that going forward. haslinda: watch out for geopolitics. the u.s. did say it is using -- looking at those restrictions in selected areas like quantum computed -- computing and ai. david: i am glad you brought that up. the other part of the story, we have the scoop that any sort of investment curbs would actually be narrow. it is this delicate balance that janet yellen has to thread