so i think that is the driving force behind what they're doing, but it is probably counter to what mr. lew wants them to do. so, to answer your question, i don't think his visit is anything more than a cordial hello, but it will have zero effect on any policy changes now. > thanks for those insights. that is tim mulholland of china america capital. stick around for tomorrow's show. it's a movies and money day with our critic talking about the wild success of "oz, the great and powerful," and what it means for disney stock. before we take off today, a special shout-out this morning to our firends watching us on ktvk channel 3. it's great to be back in phoenix! from all of us at first business, have a wonderful day!

was what was the motive smile i smile the acrid smell of revolution so the name of the minister was mr lew fall which is actually which means mr crazy so it's quite interesting and his the minister of agriculture and the remind us something here in france you know it's the smell of not calm a bit of the revolution you know writing a fantastic revolution and so they started at three o'clock in the morning i think if i remember well that was like a couple days ago and because there was almost one. peasants who was a i don't know if it's the right term i'm sorry who is going to think suicide every day and the this is extremely difficult right now in france repeat that one passenger per day is committing suicide yes the french work in france yes really yes. dramatic and the national french will lose its made a statement that the number of suicide jumps thirty percent you know the people who put their of their body on the truck right they jump on. jumps in one year of course in the united states we don't call them peasants we call them consumers and now. of course we usually do the show in lond

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mr. lew >> that you are leading him to discuss. cyber hacking. >> all of that. i just got an e-mail from tim spokesman -- not tim anymore. mr. lew spokesman who said we just finished the meeting. >> i wonder if he saw the "60 minutes" piece? i don't know if i would call him an enabler but he has never seen the dark side. >> if part of your business is china, you do not see the dark side. or at least you do not discuss the dark side. >> i bet he saw the "60 minutes" piece. >> we have a variety of topics starting off with the greatest confidence in europe. arianna huffington. i know you're greek and cyprus is somewhere near greece. we can talk about it eventually. i want to talk more about what you're here to talk about and this is a holistic approach to staying destressed at work, wellness, and health and everything that's involved. and i want to start this way, though. i was is he sandberg book party with you and the mayor and welcomed her into the book party. when i was thinking bit, i was w

mr. lew came before our committee, the director of office of management and budget, and he says our budget will not add to the debt, spends only money that we have, and put us on a path to pay down the deficit. and i asked mr. lew -- he said that on national television, on cnn, candy crawlly -- he said it on other net wherebies, too, when he announced his budget. i asked him if it was accurate. he said it was accurate. it absolutely was not accurate. his budget never produced a single year in which the deficit fell below $600 billion. yet he told the american people square in the eye that his budget would stop adding to the debt, spend only money that we have, and allow us to pay down the debt, one of the greatest misrepresentations in history. and we're never havin going to e bipartisanship in this congress until we learn to be honest about numbers. and this budget is not honest about the nulls. -- about the numbers, i just have to tell you. so they claim big savings and big reductions in sp

. >> it is okay for mr. lew to have money in the caymans but not okay for mitt romney. >>brian: he's a horrible person. >> i didn't say that. >>gretchen: we'll be watching you at 9:20 eastern time this morning on the fox network. i catch you in the elevator when i start out. and i continue up. coming up on the show, brand-new details about the worker at a retirement center who refused to give a dying woman c.p.r. new details could change your mind about what happened. >>brian: is now a good time to be giving egypt millions of our money especially when we're gutting our own money? a four-star general live [ male announcer ] everyday thousands of people are oosing advil®. my name is taho and i'm a fish guy. it's a labor of love. it's a lot of labor and it's a lot of love. i don't need to go to the gym. my job is my workout. you're shoveling ice all day long. it's rough on the back. it's rough on the shoulders. i get muscle aches all over. advil® is great. pain and soreness is just out of the picture. [ male announcer ] make the switch. take action. take advil®. and for si

mr. lujan: lew mr. speaker, i rise in opposition to this plan. this plan abandons the economic recovery, it is a path to greater disparity and it protects the affluent while further squeezing the middle class. grishgrish this will cost us -- grich grich this will cost us $2 million jobs in 2014. this is on top of the 750,000 jobs we will lose this year due to sequestration. the republican budget attacks the various industries where the largest job growth should be occurring. ms. lujan grisham: we need to invest in critical infrastructure like the health care system as a key way to create jobs here at home and protect our most vulnerable. according to a 2012 bureau of labor statistics study, the health sector is going to be the leader in job growth throughout the rest of this decade. unfortunately the path once again chosen by republicans in this congress will put job growth in jeopardy. the center on budget and policy priorities estimates that the budget plan under consideration cuts $2.5 trillion from health care by 2023. how? it turns medicare

this is what mr. lew said, our new treasury secretary. "make no mistake, the sequestration is not meant to be policy. rather, it is meant to be an unpalatable option that all parties want to avoid." that was their view of sequestration. and according to bob woodward and comments since, this idea came out of the white house, and the white house thought that if you created a penalty clause for supercommittee fail our called sequestration where you would have to take $0 billion of t $1.2 trillion out of the defense department, that would make the supeommittee more likely to achieve a result, and if you took $600 billion out of non-defense that would put pressure to get the supercommittee to get the right result. well, we're going to spend $45 trillion over the next decade. the question for the country is, can we save $1.2 trillion without destroying the defense department and raising taxes? yes, we could if we tried. so put me in the camp that this is aheavable. it is not something that is unachievable. but what senator mccain said is very i

mr. chang. first question to you. why is secretary of the treasury lew going to china?he chinese not coming to the united states? >> well administration officials believe it is important to get to know the new chinese officials and to establish relationships with them but it is not. chinese don't like friendship. what they do is respect strength. they're ruthlessly pragmatic. we've seen this on a number about different things. for instance, first term of the obama administration, secretary clinton tries to signal friendship, february 2009. the second month of the administration. they go on a bender for more than a year. so i think what we're doing by going there first we're feeding their already inflated sense of self-importance. i don't think this trip is going to work. adam: there have been i don't want to say military skirmishes, but instances where they cut off u.s. navy vessels in international waters. that happened three or four years ago. there is the incident of the cyberattacks which have been traced to china from the united states. secretary lew would be discu

mr. president, will give new strong impulse to russia, china relations. >> no optimism had the visit to china by jack lew, mostly in vape, imploring china to be a responsible stake-holder in the global economy. that means stopping the intellectual property theft. currency manipulation and sponsorship of cyber attacks on the business and government agencies. they caution the administration not to get the hopes up. >> internal problems inside beijing will not permit the beijing to have good relations with the united states or most countries around the world. the apex of the political power in china is dominated by the so-called conservatives. >> in the 40 year since richard nixon took advantage of the sew yet tension be the first sitting u.s. president to visit china and held his historic talks, the china-miles per hour-american rs have seen the high and the low. the recent move to shield the road to meaningful action of the security council and propping up the stallennist dictatorship in north korea, which is in hot pursuit of nuclear weapons capability. led to the four decade journey with beijing. >> we

lew, former chief of staff, now secretary of the treasury. we're thrilled to have him in that position. i want to welcome mr. hagel to position of secretary of defense and to all of you, i appreciate everything that you've done. obviously, we're going to be spending some time talking about potential impact of the sequester on all the agencies and missions across the board. it is an area of deep concern. i think everybody knows where i stand on this issue. we are going to manage it as best we can to try to minimize the impacts on american families, but it's not the right way for us to go about deficit reduction. it makes sense for us to take a balanced approach that takes a long view and doesn't reduce our commitment to things like education and basic research that will help us grow over the long-term, so i will continue to seek out partners on the other side of the aisle so that we can create the kind of balanced approach. spending cuts, revenue, entitlement reform, that everybody knows is the right way to do things. in the meantime, we're going to do our best to make sure that our agencies have the support

mr. president. back when i opposed the nomination of jack lew, who was the chief of staff and o.m.b. director to be secretary of commerce, secretary of the treasury, we talked about his first budget. and it was the same way. they decided in the early 2011, after the 2010 shellacking to produce a budget that had, didn't come close to balancing. so they had a little problem because the american people had just whacked the big spenders in the 2000 election. so what did they decide to do? they just said it would balance. and he said, we're spending only money that we have. we've got a budget that doesn't add to the debt. we've got a budget that begins to pay down the debt. all three of those things were utterly false. the lowest single deficit in his own numbers he submitted to us was $600 billion. that was the least year that he had in his entire 10-year budget of what the deficit would be that year, $600 billion deficit, yet he said we have a budget that pays down the debt, we have a budget that spends only money that we have and a budget that you can be proud of. and that's what we've