they had been very much supporting xi jinping.gned an open letter, celebrities went on tv such as jackie chan. they were giving support of the chinese government, there were advertisements taken out on every newspaper. china has a huge economic muscle... and it hasn't had that much international criticism. in the uk's case, it is the sound of silence. consequences for china economically of a serious crackdown in hong kong, all the more so if it involves casualties of significant numbers, which it could very easily do. it seems to me the consequences, economically, would be severe, and once again, would not be limited to hong kong itself, but would blow back into china. and for the chinese government, the history lesson they learned from tiananmen was that the short—term pain was worse than the long—term gain. they cracked down on tiananmen and they created what they call stability for the next 30 years. china saw the most unprecedented development in the world that the world has not seen for a century. they are actually primed to

jinping president xi re xi jinpingsident xi de xi jinping presi xi xi jinping president xi xi jinping xi xi jinping president xi xi jinping preside xi ♪ . ♪ . >>>. 157 days and counting since the last white house press briefingt press secry take over for sarahackabee-sanders but put continued radio silence. we don't know what the plans are. let's take about it with steven ken from young voice. i think w might get a briefing when we g seal theen land purchase. >> want to see howtephanie had had spin it. >> let's talk about put st hanie grisham. she's looking at maybe instating the briefingsly possibly basis, something we saw dropff over the last year becse it jus seemed like it camdown to a sparrin match between sarah hackabee-sanders and the media. why this change? swhyrt doing briefings again and why is that advantageous for re's no vadded for people >> puthe t watching news. when they turnn the tv in the middle of the aftnoon and's sarah sanders was throwing down with jimcosta i would be potomac if they did not reinstat why i validatet somebody on the podiums as if their things are

xi-jinping is lashing out. he really has no alternatives.to keep himself in power. got to remember that the chinese leaders are now at their conference, they do this almost every august. this is the sea side resort near beijing where it brings together current leaders and former leaders and they discuss issues of paramount importance. obviously hong kong and trade are at the top of the agenda and xi-jinping has very little -- very low risk threshold right now. he could lose everything. that means he's got to win everything. cheryl: also, gordon, you've got this hard line chinese official that joined the negotiating committee. i want to say it was five or six weeks ago. that seems to be putting pressure on xi-jinping and taking his power away, if you will. he's got that more hard line group he's listening to over in china. you've also got the united nations general assembly coming up next month and if hong kong does not calm down and that seems to be a carrie lamb issue, if hong kong does not calm down, what could his next move be? we talked

do you think that xi jinping would ever, ever do something like that?xi jinping's. >> well, i think the president has had a pretty clear strategy on xi jinping since the transition. the focus is his trade talks and his comments about china right on xi jinping. that's because he's the leader, he's the dictator, to put it impolitely, and president trump believes -- i think he's correct about this, by the way, based on my roughly 40 years' experience. you need to focus on the top guy. what president trump has done is controversial with our superhawks because in his tweet just yesterday he referred to president xi jinping as a great leader who has the respect of his people. now, that's really different from superhawks who want to call the regime nazis and, you know, equate president xi to hitler, but those people don't have power, and i think they're wrong. so this affect -- trish: specifically what i was just talking about there was his advice for xi jinping, you know, you want to fix the protests in hong kong, sit down with some of the protesters. again,

the propaganda tool spreads the views of the general secretary of the communist party xi jinping uses must register with a telephone number and their real names in order to study political articles to comment or to solve little puzzles voted coupons and prizes just like in mobile against hunger an activist joshua long is critical of the way millions of chinese people are directly manipulated in this way he says the voluntary civic education platform is a surveillance tool just implied to rise off digital. in china and it shows how. true it propaganda and ideology there we go muslim minority in northwest china they are being monitored very closely. region it's like a testing ground for total states of aliens police officers into what's called the integrated joint operation from the program collects extensive personal data and flags individuals who appear potentially dangerous the organization should. when rights watch analyzed the program on its surface most of this information looks like standard fare for police but as we dig deeper into the hour we can see that ordinary routine regal

trump sounding optimistic at the close of the summit in france today calling chinese president xi jinping great leader after calling him an enemy of the united states. president trump says china is feeling the downside of an extended trade war and he thinks leaders are sincere with wanting to reach a deal. >> they have manipulated their currency. they have devalue their currency. because of that the prices have not gone up or when they have gone up it's been little because they want to keep people working. her neck when to be able to compete. >> dana: john roberts is live at the summit in france. i saw you there, getting the first question. why don't we start with china. where do things stand?

xi jinping would trade places with the president in a heartbeat. we're in a situation where they don't have enough water, god bless them. they are talking about spending close to $1 trillion getting water to their population. they have the highest rates of cancerous death in the world. in the next 10 years, more people will die in china because of pollution than any other country in the world. they have an aging population and no replacement workers for themselves. it is shameful. but what are we doing? instead of dealing with our allies, staying together, sticking with south korea and japan, we are walking away. walking away. when is the last time you ever heard the president say he has a love affair, with a guy who is a thug, who had his brothers brains blown out? >> thank you, guys. we've got to go. reporter: one more question. we see you have both in the house, votes in the senate, but you have the house and the senate, when you and barack obama were in office. with sandy hook, you had bipartisan support for a background check will and it didn'

for a fight with china the filipino president visits speaking he's under pressure to confront xi jinping over chinese aggression in the south china sea plus. from the protests in the streets to a planned speech at the un pakistan is crying foul over india's decision to change the status quo on kashmir but is anyone listening. and a cafe in cambodia built out of trash and where you can paint in trash will tell you why. i'm melissa chan welcome to news asia thanks for joining us filipino president rudra go to caretake gears up for a faceoff with china it's his 5th visit there at a time when he faces pressure back home to raise the problem of beijing's military expansion in the south china sea even before it began it promised to be a feisty affair threatened to cancel the trip if you couldn't discuss the contested waters the philippines like others in the region rejects china's claim to the area china wants to control virtually the entire sea which is a critical shipping route rich in fish and oil and gas reserves in recent years beijing has stepped. naval patrols and even constructed manma

the real question is, is this a bluff on president xi jinping's part to put pressure on the protesters to stand down a little bit can hong kong restore order itself giving the protester as little bit of what they want. it's looking more and more unlikely that that's the case. beijing is saying, and i read regularly an editor of global times, and he says it is hoped -- he speaks for the government when he sense out these tweeds it's hoped hong kong can restore order by itself. that is the best end if the development of the situation suggests there is no hope, beijing's intervention will be inevitable it's a hard choice, but once it becomes the decision, it will be a firm one he very often is speaking for the government i think we have to take for granted in this case he is >> when the president says this is fundamentally an issue between china and hong kong, which is a part of china, do you think that that position is -- will be enduring, if things escalate, will he be able to use that kind of language? >> well, let me talk about how the two things are linked, trade and hong kong. the m

but xi jinping actually has an election every day.ccountable because he took power from everybody else. also, he has the institutionalized communist party, which means he no longer has those rules that protect him, so i think he has a very low threshold for risk and i think he is much more vulnerable than president trump. president trump can lose the election, but president xi jinping can actually lose his life. >> tucker: that's a smart plan. what's the next step in this point that you anticipate? >> more tariffs, more tariffs, more tariffs. the chinese are supposed to come to washington next month for the 13th round of negotiations. like the 12th round, those were not important. those were like an hour or so, they were in shanghai, they were just talking points. i think that if the chinese actually do come to d.c. next month, it's going to be basically the same thing. the chinese need to hurt a little bit more before they become realistic but xi jinping right now is it a point where he can avoid to compromise so i see more friction

of a paul call it's not elected by people under her heart like leadership where the president xi jinping more than 2 dozen here gets more fires 700 activists were arrested including one young lady temperament likeness being quiet by put it off riot police we know that it's really a long term and difficult path of david versus goliath paul call it similar as east berlin in the last century under the rule but we will never give up we are just asking for the fundamental rights elected i would call on government that's the right and joy by people in european countries since last century. just what. we have beijing releasing a video of military vehicles which are building up on the mainland side of the border each border aren't you worried that they might move and and how would you react cheering if were generated by president xi jinping and carol lam but we would not be forgotten and we will continue our protests were planning to have a boss a protest rally on sunday at least half 1000000000 people will join to fight we know that is a difficult battle but when they pick the 2 forces they wer

hasident xi jinping spoken against it.ning us from singapore to talk more about this is derek wall bank. news of this call came as a bit of a surprise. what could they be discussing, and what are the outcomes we could expect? you are right, it did come as a bit of a surprise. we had been thinking there would not be too much in the way of u.s.-china talks going on at this moment, but trump out of the blue sky said there might be. what we are looking at is a september 1 deadline for terex -- tariffs on certain products, and another deadline because the white house delayed part of it to december 17. you are looking into whether those things stick or slide. you are also looking at the issue of whether china gives some accommodations to the u.s. we are talking specifically in terms of agricultural impacts. those have been a sensitive thing for president trump gearing up for a campaign, where a lot of his base is in the farm country in the midwestern united states. those two things are really critical issues right at this moment

still ahead, as trade tensions with beijing continue to escalate, is president xi jinping waiting trumpher white house occupant after the 2020 election? we're going to be asking one of the president's advisers on china coming next. ♪ ♪ hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums with tums smoothies. ...and it's now on sale fors and just $59.ories. it can lead you on an unexpected journey... ...to discover your heritage. get your dna kit (now) for just $59 at ancestry.com. that's ensure max protein, with high protein and 1 gram sugar. it's a sit-up, banana! bend at the waist! i'm tryin'! keep it up. you'l

importantg kong is an front of the desk issue for xi jinping.e is concerned about october 1, chinese national day, and at that time, he is hopeful the issues will be resolved. i would note that carrie lam last night, the chief executive of hong kong, put out an olive branch, suggesting she is willing to negotiate, recognizing some of the demonstrators views. let us be hopeful that is a harboring or of more stability to,. kevin: fascinating to see how chila -- how china has silenced social media platforms as well. our thanks to greg allen. appreciate the time. this is bloomberg. ♪ >> the fulcrum, or the center of gravity of u.s. economic policy is not monetary policy. it is trade uncertainty, it is immigration policy to some extent, it is policies that relate to skill training, infrastructure spending. kevin: that was dallas fed president robert kaplan seemingly pushing back on one of the central bank's biggest critics, president trump. the president has kept up his criticism as the federal reserve gathers for their meeting in jackson hole. now c

still ahead, as trade tensions with beijing continue to escalate, is president xi jinping waiting trump with another white house occupant after the 2020 election? we're going to be asking one of the president's advisers on china coming next. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ corey is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking ibrance with an aromatase inhibitor, which is for postmenopausal women or for men with hr+ / her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver

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still ahead, as trade tensions with beijing continue to escalate, is president xi jinping waiting trumpother white house occupant after the 2020 election? we're going to be asking one of the president's advisers on china coming next. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums ♪ corey is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking ibrance with an aromatase inhibitor, which is for post

still ahead, as trade tensions with beijing continue to escalate, is president xi jinping waiting trumpiate with another white house occupant after the 2020 election? we're going to be asking one of the president's advisers on china coming next. ♪ ♪ this was me six years ago... and this is me now! i got liberty mutual. they customized my car insurance, so i only pay for what i need. then i won the lottery, got hair plugs, and started working out. and so can you! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ thanks to priceline working with top airlines to turn their unsold seats into amazing deals, sports fans are seeing more away games. various: yeah-h-h! isn't that a fire hazard? uh, it's actually just a fire. priceline. every trip is a big deal. >> the door is open for additional negotiations. we are planning for the chinese to come in september, we hope that we get positive results in the negotiations, that's an optimistic view. the president himself has said that we are open to negotiations, he would like to make a deal. david: white house economic adviser kud

this would be a great historic moment for xi jinping. i hope china would not try to take taiwan militarily, they can use hybrid means to take control of taiwan. that would create an enormous challenge for donald trump, for the united states congress. always been a big supporter of taiwan. whether the american public would support a robust response remains to be scene where taiwan is concerned. and hong kong may deteriorate very quickly here, which would send a very serious message to taiwan. so in what china is doing here, they're speaking to hong kong, but they're thinking about what messages they're sending to taiwan. they want to make sure they can show taiwan that they're going to remain in control >> as you've been speaking, we're watching live pictures as medical teams are trying to give medical aid incircled by protesters, some of whom protected this man. it's a dramatic scene. the points you're making about taiwan, i was in the strait in the 90s, the last time there were live fire exercises across the strait. we sent a carrier gr

the butt of the book at them says of the move because once a week they showed us a video about xi jinping. and you. were forced to write self-criticism essays they wanted to make sure our mindset had changed her and improved in the given the book every monday morning at 955 we had to get up and sing the chinese national anthem the rest of the week we had to sing 5 songs a day. though me go may go you know me. i've forgotten the rest. most of us like to like those are the kind of songs we had to sing. if we refuse they wouldn't give us any food. it's believed that there are about 100 can sing western china and like the one good behind describes. sprawling complexes which are quarter to several rights groups detained over a 1000000 weekers. mostly a muslim turkic speaking minority that we girls are native to this she was young region the territory is almost 5 times the size of germany and only autonomous in name in reality china has turned it into a police state. beijing is sought to subdue the beakers in a deep set conflict that reaches far back in history. in past years riots have become

and china have this trade and everything else will going on so more trouble for xi jinping is something that donald trump obviously enjoys but it's also something that concerns us in europe because in hong kong we say we see the. playbook that china is using to handle dissent and calls for democracy and that is a much much broader question how is it more of a clash or a competition and i prefer the word to the term co-existing because this is still the cooling systems of what china doesn't want is that between the want the 2 systems that one system is challenging the other should be a coexistence that says keep the one country stable cherry's the west's approach right now a good one should the west back off of void provoking china not looking like it's being involved in the protests right now. speaking from the perspective of a hong kong person of cause we would like the west to speak out more to give more pressure to china but then maybe in the best interests of all this let's think countries because of all the other reasons because of economy because of trade but then if we had just s

xi jinping in our g20 meeting in osaka a few weeks ago. in that direction. but i hope that we will be able to restore free trade because it is good for everybody, and to strengthen the role of the world trade organisation. this trade war was instigated by donald trump, can you help me understand how the trade war is impacting on the chilean economy? well, the trade will represent a huge difference in approach on the part of china and the us. and it is impacting the whole world. the international economy is weakened, we can now than a year ago. and chile is such an open country, it is so much integrated to the world but of course, we are being very, very affected by this trade war, that is why i hope and for the sake of the hold war —— whole world that this war will end. so you are concerned about the state of the global economy, we have some of the most powerful countries represented here at the g7. are you satisfied that they can find any sort of common approach to the economy? because it seems to me they really don't agree on the fundame

he can do it the president asking for a personal meeting with xi jinping.that one and a series of tweets that came a half hour before that, the president said good things were coming in the trade negotiations as a result of the phone call between the u.s. and chinese sides earlier in the week. the president suggesting, of course, china wants to make a deal then he says, let them work humanely with hong kong first. the president seemingly to imply there he wants a peaceful resolution to hong kong first. >> that is before he agrees to any trade deal now a lot of analysts have suggested, look, there was no trade deal in the offing here anyway any time soon, clearly the hong kong protest situation would be dealt with one way or another, but this gives the president a linkage now between those hong kong protesters and the trade negotiations and the president kind of throwing out there the idea of having a meeting with xi jinping. not sure how realistic that is what wilbur ross said on cnpc yesterday is that there is no plan right now for a face-to-face meeting b

xi jinping and president trump of course.y said even though we are not going to be able to outline the details of these retaliatory measures right now, this is, and we know that the possibilities for chinese officials include for example putting -- publishing a blacklist of companies operating in china. they may put additional hurdles in place of us and those nontariff barriers that we have been talking about. they are holding back on purchases of u.s. soybeans and they have allowed the currency to depreciate. on hong kong, the message from trump that maybe you can link trade to the protest in hong kong was certainly not welcome. an chinese said this is internal matter. china has suggested the u.s. is helping foment the unrest we are seeing in hong kong. you heard from president trump on little over an hour ago saying he expects to hold that phone conversation with xi jinping soon. he thinks that the chinese are "desperate" for a deal. on the chinese side, they confirmed they plan to send negotiators to washington in septembe

shery: very difficult for officials around xi jinping to plans to makeconvince him to sf trump could break it. we are still expecting the talks to occur in september. we have any idea where we stand? sarah: both sides last told us they are moving ahead with talks for early september. chinese officials were supposed to come here and resume negotiations a few weeks ago. we had the american officials in china. it is increasingly unlikely those talks will take place. we have not heard a date for them. we know the lower level deputies are speaking, but it is hard to imagine chinese officials coming here. what will they possibly talk about? september 1 the tariffs are supposed to increase on chinese good. seeing the 10% tariffs on $100 million of additional chinese goods. the side seam further apart than ever. interesting if they are meeting to get a copy of the agenda because there is no way to predict what they could talk about this point that could possibly get them closer. is their incentive on president xi's side and president trump side to go into the talks and say let's get a mini d

i also think xi jinping doesn't face an election.s relieved of certain pressure that donald trump has. paul: i want to ask you allysia a president uses i hereby order american companies to find, to relocate from china, i mean, that isn't something american presidents can do and since when do they -- it's not what bernie sanders would do let's be honest? >> right, i think joe biden has actually proposed imposing tariffs on businesses and just like donald trump that try to import goods from china to the u.s., the issue is no, you cannot order them to. there's no way to force businesses, some of them tried to relocate already to vietnam, malaysia, mÉxico, proving a lot more difficult than they imagined because as bill pointed out the supply chain, the local partnerships, highly or highly-skilled workforce in china makes difficult to replicate in any other country. >> in the president's defense, he was ordering them to look into this possibility and i think -- [laughter] >> fair argument that very few multinational companies had not been

from many analysts, the strategy from xi jinping appears to be to give no ground and make no concessions get more frustrated, they will use more violent which might alienate them against the public. the less violent showing shows that they have heard the voice of the people and they are doing it in a very peaceful manner. 0k, they are doing it in a peaceful manner. of course, a part of the demands is that protesters are being fuelled by fear that the special freedoms of the people are being evoked and eroded. are they? freedoms of the people are being evoked and eroded. are they7m freedoms of the people are being evoked and eroded. are they? in the past 5— six years, of course, it is well—known that the administration and the presidency of xi jinping has been squeezing hong kong cosmic economy. “— been squeezing hong kong cosmic economy. —— hong kong pulse economy. —— hong kong's economy because of the people have a right to demand rights. with the way beijing is acting during these ongoing protests in hong kong, do you think they will be sticking to their pledge to stick to the one coun

kevin: he can try to beat up on xi jinping of china. that has caused volatility.t the time, a lot of republicans urging the president, now more aggressively, to potentially redirect the trade negotiations, as it provides uncertainty not just to wall street and main street, but agriculture as well. david: kevin cirilli reporting from the white house. now let's find out what is going on in the markets. buyers dippinge their toe back in the water. up .1% or more. this follows the worst day for the doubt of the year. have had&p 500, we three days of greater than 1% moves up or down. right now, a little bit of the stalemate. it will be interesting to see how it goes. supporting these gains, the fear index down slightly. let's take a look at that fit. -- that vix. investors have got more fearful as the vix has climbed to a lot of people do not look at the percentage, but up 31%. complacency out of the market. as for the big movers for the s&p 500, we have walmart trading higher. they beat and boosted their 20th straight quarter. alibaba also put up a solid quarter to fi

just in the past couple of days ee state media h has started using a title for president xi jinping welly don'tit see. suggests that the person has iritual authority b combining pope and president into one. people here are seeing this bad sign for a trade deal, because with this new title how can president xi jinping be seen making concessions to the u.s.? for "nitly business report", i'm eunice yoon in beijing. >>> british prime minister boris johnson today moved to shut down parliament for several weeks. this is in an effort to push through the uk's exit from the european union, even without an agreement in place. a so-called hard brexit is what economists are concerned about, saying it could disrupt the global economy. and in italy its political parea struck a to form a new government that sidelines that haea-rightr. this could mean that italy adheres to the trade bloc's strict fiscales r as you might know, italy's debt load is one of the largest in the rozone. >>> back here in the u.s., the consumer has been holding up pretty we, helping power the economy. but a closer look now sho

president donald trump is urging china's president xi jinping to go to hong kong and meet protesters to diffuse the crisis he made the comments on twitter after video emerged of chinese security forces near the border with hong kong beijing insists they're there for routine exercises meanwhile china's ambassador to the u.k. has accused foreign forces of being behind the protests in hong kong no foreign country should interfere in hong kong's internal affairs urge those foreign forces to respect china's sovereignty and security immediately stop interfering in hong kong's affairs stop interfering in china's internal affairs so conniving violent offenses. this should not misjudge the situation on goal down the wrong path otherwise they will lift the storm only to drop it on their own feet thousands of south koreans have held an anti japan rally in the capital seoul it took place on the 74th anniversary of the end of japanese colonial rule japan protests have included renewed calls for an apology and compensation for forced sex workers during the 2nd world war anger has been growing in s

i think that is what the perception will be and that is the risk. >> john: xi jinping does have huges in hong kong are a problem. >> particularly because he's constrained in what he can do in response. the situation in hong kong is unfortunate and it's what people had every reason to expect might happen when great britain gave hong kong back to china. this is really dangerous, it's an important place that is the center of financial markets and a beacon of freedom in this region in a country that is otherwise quite oppressive and brutal. her china to crack down too much on hong kong would be dangerous for them. they would face economic sanctions from more than just the u.s., they would increase tensions, it would be humiliating for the party, they control the media but they can't control the global reception to what would happen if they behave into brutal of a passion. >> john: is there going to be a deal? the president says that china is gonna come around. >> it's in his political interest to cut a deal, there's headwinds in the economy, there's signs that we could be heading into a

soybeans and president xi-jinping's agreement with president trump. can china afford to snub the u.s. as unrest grows in hong kong. and a pretty scary ride for passengers aboard this l delta flight. what caused that mysterious fog in the cabin. is that ac? cheryl: i don't know. ♪ born in the usa. ♪ i was born in the usa. ♪ i was born -- 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) the day we'll finally get something done. if your adventure... keeps turning into unexpected bathroom trips. you may have overactive bladder, or oab. not again! we're seeing a doctor when we get home. myrbetriq treats oab symptoms of urgency, frequency, and leakage. it's the first and only oab treatment in its class. myrbetriq may increase blood pressure. tell your doctor right away if you have trouble emptying your bladder or have a weak urine stre

and he has all kinds of admiring things to say about xi jinping. he doesn't talk about any democratic leader with the same tone of admiration that he tends to -- or even love that he tends to turn on these tyrants. now, should then the g-7 be modified to embrace more tyrants? no. look, there's an organization that does that, and that's the g20. in fact, the reason putin is not pushing to get back into the g8 is because there is the g20 and he can sit around with other tyrants, mohammed bin salman, he can sit around with xi jinping, he can sit around with leaders of the 20 richest countries, not the seven richest countries, and feel right at home. i think probably president trump would feel more at home in that environment too because the only measure there is money, and the only measure trump really understands is money, not democracy, not ideals, not human rights, not sign, just money. >> there was an exchange we played earlier where the president was asked about his statements about the status of negotiations with china seemed to be all over the

xi jinping is clearly worried about hong kong. the authorities there have issued a warning to the protesters who they call criminals, don't underestimate our security forces, they say. by the way, gang members have again attacked protesters. there is also pressure on president trump as well. a big investment firm says if the trade fight drags on, there's going to be a recession by next summer. right before the election. both sides have dug in. all signs point to a lengthy fight. that's that. >>> now the market. following that huge selloff, we have a modest comeback this morning. down 767 yesterday, maybe back up 100, 200 for the dow at the open this morning. the s&p was down, what, 2.5% yesterday. it's coming back this morning, less than 1%. the nasdaq which was down 3.5% yesterday, back up 1% this morning. this is not a robust rebound so far. modest, at best. >>> check interest rates. the yield on the ten-year treasury this morning coming in at 1.75%. by the way, more rate cuts likely coming from the fed this year and rates in eu