press is that laurie, nancy pelosi, etc. so it's part of the information war. and it's part of penal for the it is feeding into the fear of the chinese as we have been led to fear russia and fear of russia that are so by definition we're the guy and we're fighting the good. what great discussion as always, alfred desires, professor of international law firm. are you an independent expert on the trash, the order on angelo juliano political on financial analyst. many thanks. not chinese military drills have been marking the 95th anniversary of the creation of the people's liberation army. the head of nancy pelosi potential visit to taiwan chinese navy fleets being carrying maneuvers in various locations according to military sources. drills include the use of weapons on coordination between worships fighter aircraft in terms of the wider geopolitical reaction to watts occurring. moscow for one has given its reaction to the potential business closely to taiwan kremlin spokes person. dmitri pest. golf said, the move would only w

nancy pelosi now inc. type a is completely disregard the repeated counseling by the us president joe biden. timing was not right for her to really pie one. she is completely disregarding counseling from the u. s. u. s. military leaders council not to go, because the wrong time me and she completely disregarded the repeated waldis by the chinese government. because china says our visit will hollow out the one china policy will be in violation of the one china policy and will really cause more damage to china us relations. so she is today and tonight she troublemaker in the whole world because she disregarded sanity judgment. and the rash analogy in pursuing her personal goals in taiwan. whether she wanted to use this visit to hide the fact or the husband is appearing cold in the united states. that's another matter. but i think people in this part of the world, people on both sides of the tower straight, do not want to see nancy pelosi because she does not have and the legitimate business in the try, not ar

he got along with pelosi pelosi wanted to do business. that's true. he thought that they could they hadn't been able to pass an infrastructure package and he thought that they would have a better chance of passing an infrastructure bill with pelosi as speaker then republicans in control that turned out to be true. yeah much later different president, i think because she wasn't on the impeachment train. he thought she was going to protect him and she was not interested in patient when she was very reluctant to impeachment, but she was no friend of donald trump and she was for two years in the minority incredibly effective at playing a very we can against trump and then when she got the majority she was very effective in playing a much stronger hand against donald trump. we'll take questions from the audience now. we have a microphone in the middle. folks up and start doing that. she's got a question. yeah, great. now my niece brought her here. i just want to be totally transparent hear me. okay, i just want projects gonna be? well, thank y

on pelosi's visit. perspective of taiwan, we understand their political applications for nancy pelosi from both parties in the united states as to why she would go. why would taiwan want her there knowing it would be a major provocation to china? greg: i think they want protection. i think the chinese government, in saying how this is a provocation, we have had lots of members of congress go to taiwan. newt gingrich went to taiwan, lots of house members went earlier this year. i think the chinese are perhaps exaggerating the threat. but they do view it as an intrusion, and i think that we have got a long, cold period without much in terms of trade deals and with the inflation threat may be becoming a little more acute. kailey: greg valliere, agf investments chief u.s. policy strategist, thank you for joining us as we mark this moment in history, house speaker nancy pelosi becoming the first leader of the house to set foot on taiwanese soil in 25 years. you can follow the coverage on bloomberg's blog. we

and i think pelosi the remark was about pelosi, she just shuts it down. she gives you no sign that it bothers her. boehm she keeps going, it is remarkable. she seems to appreciate, understand it is not about her. she always that when politics? >> i think she doesn't show when she is really mad. hillary was running for president, nancy pelosi is running for head of the democratic caucus. it is a smaller constituency.sh she does not need to be an effective and she's not but she does not need to connect with thousands and millions of people. it is a different kind of role. but if you think about how nancy pelosi keeps her position because if youes cross and you e a member of congress, you will pay a price. [laughter] and she rules what the favor file. memberst of congress want favors from her print they want a committee assignment, they want legislation to get a hearing past, right? if you behave in a way that she thanks was not appropriate for that created her problems you are not going to get off scott free will tell you that. if i did ten interviews with

of course nancy pelosi, she wants to do this. is that a chaotic situation or coordinated making it purposely vague? in this case, you know, this is, this is a big question that a lot of analysts have been asking in china over the last several days. clearly there has to be some coordination in so much as we've seen some military movement in tandem with her with her travel. and this would require authorization from the white house, whether or not this was forced on the white house or whether or not the white house, the graduate went along with it. or whether or not it does tell us with, with biden's broader anti china project. it's really irrelevant, i think from beijing position, the bottom line and she appears to be coming and this is very disruptive. top notch in us as, as always we thank you for your time and your thoughts today. joseph gregory mahoney. professor politics at east china normal university, not the united states has an unbalanced position towards china. we just talked about an if i called it's one china policy. wa

you heard nancy pelosi's initial remarks. i think the key takeaway as we look back on what she mentioned is the fact that she has said that the trip was to make it clear that the u.s. was not going to abandon taiwan. >> absolutely. there is nothing earth shattering or earthshaking from nancy pelosi's comments. full of pleasantries that she received that medal of honor award from the president. she did say what i expected her to say and that is that the united states stands by its commitment under the u.s. taiwan relations act to support taiwan despite the pressure it receives from mainland china. now they are behind closed doors. now they're getting to the meat and potatoes of the real discussions. perhaps they will talk more about the chip industry and the like and what the possible response from china is going to be and has been so far but at least publicly, it was full of pleasantries even though china's agency posted a number of comments while pelosi and taiwan were speaking, condemning the visit as well as saying taiwan

moved by nancy pelosi. absolutely. and you know, you look at those long term effects for both the us and for taiwan. and it is notable because the politicians that were supportive of her wanting to go to taiwan in the 1st place. they seemed to almost be saying that they supported it because paging was warning against it. and even when it comes to those reports of whether or not asian would move in an attempt to take taiwan, there were also reports saying that the u. s. officials were not confident that that was the case that they were not confident that that was basic plan. and so for a number of those people there in taiwan, they're likely looking at those long term effects on themselves as they are the ones who have to deal with the room vacations directly. while politicians like nancy pelosi you get to get back on their play in and go back to the united. yeah, well we're, we're, we're just waiting to see if a citing when the time to use leader would meet sir. so we're just stay with those pictures in the moment. ric

pelosi is trip such a big deal. it's because of the one china policy. taiwan is officially recognized by the united states. as part of china usa adopted the one china policy in 1972 usa has no formal ties with the government on taiwan and government that was established by the forces who lost out when the communist party took power on the mainland. the usa has no embassy on taiwan and it advocates for taiwan to peacefully reunify with the mainland. this understanding has been key in us china relations for decades in more recent years as washington drifted toward portraying shina as its number one enemy. we've seen washington also drifting away from this policy, hinting at support for taiwan independence as a way just threatened shire. the united states is a hollowing art and blurting up the one china policy. us officials of course, deny that they are wavering on the lawn issue, but it doesn't help when present biden drops. bombshell statements like this. are you willing to get involved militarily to defend taiwan? i

how 6 how speaker nancy pelosi to taipei. she kicked off her to a earlier meeting with high ranking taiwanese officials including the deputy legislature speaker and president. ty, ones defense ministry has already accused mainland china of allegedly encroaching on the islands territory and threatened to respond. china hasn't yet commented on those allegations. yes, some of the latest footage saved by chinese media. 21 chinese warplanes passed through ty, once a defense identification zone, and according to basing military sources, drools will include a non nuclear missile launches from the sea, east of the island territory that include alive, fire exercises and coordination between warships and find to a croft, ty ones, islands are states have been put on for combat alert. as chinese media are flooded by foot sheet of alleged military preparations. china had already worn washington of serious consequences of us because visit with him in china will definitely take all necessary measures to resolutely safeguarded sovereignty. a

that's as you as how we can nancy pelosi begins. her official visit to taipei, despite numerous warnings from beijing. china is stronger, condemned to visit it, saying it will with the leukemia defend its territorial integrity and accuses the u . s. of provocation. this again proves that some us politicians have become the troublemakers of china. us relations in the u. s. has become the number one savage or of the peace instability of the taiwan strait. and people in taiwan itself, all anxious over the u. s. health. because trip, members of the public told us the us just wants to spread its power and influence not help them. the lucy touch, china's bottom line, she touch the red line. so both the u. s. and china have to take actions accordingly. they just use, tie one to get our attention for domestic market flow. she's to visit, we'll add tensions across the taiwan straits, which has no benefit at all for the taiwan people. with it's 6 am in moscow, 11 am in taipei and you with ot international with coming to life on the russian ca

c on why pelosi is making this trip to taiwan now. well, this was actually part of a trip to the indo pacific region. she was there with the congressional delegation . and if you listen to nancy pelosi is been saying, she said this is a trip about security economy and democracy. and she said, we heard that clip earlier that she's come to taiwan in friendship and peace and to show solidarity with taiwan. and the reason that nancy pelosi wants to show that solidarity now, as she says it is china who has been stepping up pressure on taiwan with its saber rattling stepping up, for example, incursions into taiwanese a aerospace and also the crackdown that we've seen in hong kong in recent years, so she has said that it is important to send a message. now it is a strong sign from the speaker of house. i do want to add that this is also very much a signature piece of nancy pelosi, his own agenda. she's been a long standing vocal critic of human rights issues in china, and she actually visited genamin square in 1991 to, to support democracy t

so it's safe to say that nancy pelosi is trip to taiwan is a big move. she's the highest ranking us politician in a quarter of a century to visit taiwan. but house her trip actually gone down in the u. s. well puzzle. there's certainly been a lot of coverage. all of the networks here were closely following her visit with live coverage of her landing there. and here in washington, there has been a good deal of bipartisan support for the speaker at 26 senate republicans issued a statement saying that they stand behind her. and that they see this trip as consistent with the u. s. as one china policy. and, you know, during the trumpet ministration as china became a key focal point. the accusation had been and continues to be. the democrats have been to week on china, and i was watching fox news, which is the main network for the right wing here. and they were begrudgingly praising nancy pelosi as well, which is quite unusual. but i have to say the voices are makes on both sides of the aisle. so some commentators here pointing out the fact that the doesn't ap

pelosi is expected to visit taiwan today. plus, bp buybacks. the super major fans to return $3.5 billion of returns to shareholders. the focus is firmly on foreign policy and geopolitics with nancy pelosi, the highest official in 25 years from the u.s. to visit the island. what markets are worried about and is pricing into these european stocks futures is the fact that there is the escalating u.s.-china tensions. unclear on whether this would be trading or whether we could see something worse happening, something happening in the straits. this is the big picture for the commodities and bp is on that wire. they are giving more money back to shareholders and increasing dividends because there was so much profit they were making because of russia's award in ukraine. in terms of the impacts on other oil majors, watch out for shell and we will see if there is profit taking. i am looking at commodities on the back of it. gold at $1174. we are moving towards some of the havens. the key risks are being supported for havens like treasuries. there are al

nancy pelosi is still in taiwan. but at the same time, the response is likely to be far stronger than anything that we've seen in recent years. it is important, of course, for president she jumping not to be seen to be weak on this issue and to be seen to be in control, particularly at what is a very sensitive time for him. but there are concerns also that this will be used as a pretext for more regular, a military aggressions and provocations towards ty, one living golf alonza international editor of taiwan. plus she's joining us fire escape from ty pay good to have you with this dea there. when we heard the, the speeches that were made by the president and, and nancy pelosi earlier on a torn, has very cordial. it was referring to the history that her, that sir there exists between the u. s. and anti wine. and of course, nancy pelosi is on interest in the area. she was awarded the order of propitious clouds, which i understand as a civilian order of the republic of china all very pleasant. but it's the very fact tha

that culminated after pelosi arrived. china planned to -- china planned to hold military drills after pelosi leaves and they will entirely surround taiwan and they have already signaled to aircraft and ships not to go anywhere near the zone they are holding these drills in. as she arrived, there was a certain level of ambivalence about pelosi's visit. after she arrived, there has been a positive outpouring of support and and welcome for pelosi on her arrival. there were crowds during her plan as it landed, crowds greeted her when she got to, small crowds reading her when she got to her hotel last night. the question is through her itinerary this morning, she is expected to meet with the president as she is expected to meet with key lawmakers and she is going to have an online meeting with representatives from tft to see what benefits this brings to taiwan. shery: how does this further strained the u.s.-china relationship? >> they called this one of the red lines it, they had warned repeatedly including with a conversation

pelosi possibly heading to taiwan. yeah, the initial reaction was that we heard from politicians from both parties who were supportive of her visit almost because of the fact that china was warning against, right. they were saying that she should go because bathing beijing said that she should not. however, now we're starting to hear some more of those voices that are speaking out and questioning why she would even consider embarking on such a visit in the 1st place. especially when it flies in the face of jack, aids of diplomacy between the us and china. here's the latest, i'm not, nothing good will come of it. taiwan will not be more secure or more prosperous as a result of this purely symbolic visit. and a lot of bad things could happen. these include a chinese military response that could result in the u. s. being plunged into in direct conflicts with a nuclear armed russia and a nuclear armed china. at the same time this week with the blessing, the by the ministration, nancy pelosi decided to head to taiwan. it's

how speaker nancy pelosi to type pe let's. i'll give you some of the latest the footage shared by chinese media. we understand a 21 chinese warplanes passed through tie ones at defense identification zone. according to beijing, military sources drills will include non nuclear missile launches from the sea east of the island territory that include alive, fire exercises on coordination between warships destroy, is and fight a gen a taiwanese islands also have said now to be put on full combat alert china had already warned washington of serious consequences of the u. s. a diplomat. visual uses, the china will definitely take all necessary measures to resolutely safeguarded sovereignty and territorial integrity. in response to the u. s. speakers visit, all the consequences arising there from must be borne by the us side in the taiwan independence, separatist forces, ah, such are you some pictures from the song, shine airport in taipei, a regional and military base where nancy pelosi is playing right there arrived earlier. the fli

pelosi stop. well, like i said, on the one hand we've got this pelosi love fence that being felt in taiwan with the local media. some even, you know, flattering pelosi of her outfit saying she looked like audrey hepburn when she met j. f. k. back in the day. and then we have others who a little bit most get the call. they're very conscious of the precarious impact that this visit will happen. one of those being the former taiwanese on pasadena, 2090 pill. what do you mean below? see what the hell i doing here right now? what? i'm all the way here to board the table. nice people support yourself. you want to support us to fight against the peoples of duration. army americans always ask us to let more taiwanese people join the army. whenever you come to tie, why do i want us to buy more weapons from you and fight against the people's liberation army in urban terrain, it's none of your business. i'm here to support a wine or to provoke a war. what the hell are you doing here? below see the relationsh

so nancy pelosi goes to taipei, what's the effect of that? well, we don't need to guess the chinese government has said repeatedly and clearly that if nancy pelosi lands in taiwan, it could trigger a global war. are you here to provoke a wall or to start a wall? what the hell are you doing here? hello, see? so we've heard a reaction out of beijing. we've heard a bit of muffled reaction out of washington dc. what about the rest of the world? it's rather quiet at the moment we have any other international reaction to that. yeah, you know, is interesting because earlier this week when policy was in singapore, the premier, there actually said that the focus needed to be on maintaining stable relations between the united states and china. that that was something that was in all of their best interest in the region. at the same time, we've also heard from moscow a spokesperson for the kremlin, spoke out and referred to this trip as extremely provocative, noting that russia stands with china and also not moscow understands that frustration that is c

of course nancy pelosi is the speaker of the house. so she's representing a different branch of government. and it, that would be in line with a shift in the u. s. tone and rhetoric that we've seen on in taiwan america as long as it has a strategic ambiguity policy so that it has official diplomatic ties with china, but unofficial ties to taiwan will continue to support a democracy in taiwan and president biden himself a did a challenge that when he said in may, that he would defend taiwan, the u. s. would defend taiwan of china attacks. those statements will walk back. but still it's important to note that what we're seeing from nancy pelosi this visit, is not entirely out of line with some of the tone and rhetoric that we've seen from the, the white house itself. and more generally, what is the feeling that domestically about her trip to the, to what taipei so there has been plenty of support for speaker policies, visit, and certainly from democrats and 26 senate republicans. i issued a statement today saying they also stand behind t

he of nancy pelosi. what they want to do in asia is to fight china to the last, taiwanese, they will have other countries fighting the was on behalf of the u. s. one could also ask, just as alfred alluded to their, how helpful this is for the taiwanese themselves. is there an argument to be made that they could be left in a much more tense environment than before despite but pelosi is trying to achieve or see if she wants to keep in mind that how one is actually de facto economically integrated with china. so you have a de facto integration. it is going against how wants interest. well, that brings us to the end of the news for this half hour. we'll continue to follow closely the situation in taipei, retentions the main. hi. join us next hour and we'll update you with any and all development you with international thanks with a with in a with a wealth engine oil, the parts, the american approach to their world could be reduced to one bumper sticker. it could be this perception is reality. going to in the

in responding to this visit by nancy pelosi.ent chao in taipei, our everyday taiwanese people concerned about the retc ratcheting up of tensions concerned about these live fire , drills that are going to be happening? guest: i think what's unfortunate is that provocations and military intimidation and coercion to a certain degree have become part and parcel of everyday life here in taipei and we've really seen a ramping up of tensions from the drc. -- from that p.r.c.. military jets flying across our air defense identification zone . academic course of actions, including most recently, the banning of a few food products. so it has become just a part of routine life. that has its pitfalls on its own, but it is also an unfortunate consequence of the relationship, or the lack of one we see today. but i do have to emphasize one point, if we take this idea of china meaning the people's republic of china, taiwan has never been part of the prc. and this is a historical fact. there's never been a people's liberation army soldier here in

how is speaker nancy pelosi to taipei beijing? now nines plans for 6 zones and circling taiwan, where it would carry out life fire drills including miss on launches. ah, a tooth or speaker pelosi departed taiwan on wednesday afternoon during her visit. she meant the territories president who handed her time was highest civilian honor for her contribution to us taiwan relations. please. this by us, officials repeatedly stating washington does not support taiwanese independence. while pelosi said her visit was evidence of america's commitment to supporting democracy on the island and the us house of representatives. speaker is the highest ranking american official to visit taiwan in a quarter of a century ortiz nicky. aaron told me more about the trip and it's from vacation. it was literally a flying visit by pelosi wasn't as she arrived late on tuesday night in less than 24 hours later she was already on not playing back home least the briefest of visits that's already having a significant impact. while the trip sparks something of

we've seen that with this pelosi visit. so whether they choose to have the advice of china here, or whether they choose to further test the result of china and continue to send its boats and planes into the area remains to be seen. let's take a listen now at the rhetoric. that's the developing rhetoric of the tissue thought you should search retrogressive moves won't change the international consensus that there's only one china in the world, nor they can reverse the historical trend of unification of the mainland and taiwan . those who play with fire will come to no good and, and those who offend china must be penalized. we resolutely defend national sovereignty and we'll counter any aggression against national sovereignty. we will strengthen our vigilance with a rational attitude which won't escalate conflicts, nicki, it's not only a button military action is an economic action, whatever they can do and not regard. that's very much to the forefront to which one is already taking beef to impose a quick economic cost on hig

only pelosi will benefit from the elusive visit. that's all pelosi visit will attention across the taiwan straits, which has no benefit at all for the taiwan people. i really hope that the americans will not come around to mess things up so that we can live a peaceful life in all of this. it's also been notable to see how the white house has responded to this. right. you've got president biden, who himself has admitted that the u. s. military did not think this trip was a good idea that they concerned about the ways in which you would increase tensions between the us and china, exactly as we have seen. and then at the same time, you also had secretary of state lincoln who spoke out and said that the decision was entirely up to nancy pelosi herself. and you think about all of the possible ramifications that could come out of this between the world's 2 largest economies. and yet you have the white house sitting there saying it is the speaker of the house who is allowed to make this decision and to do something that would lead to the c

pelosi is trip such a big deal. it's because of the one china policy. taiwan is officially recognized by the united states. as part of china usa adopted the one china policy in 1972 usa has no formal ties with the government on taiwan and government that was established by the forces who lost out when the communist party to power on the mainland. the usa has no embassy on taiwan and it advocates for taiwan to peacefully re unify with the mainland. this understanding has been key and us china relations for decades in more recent years as washington drifted toward portraying china as its number one enemy. we've seen washington also drifting away from this policy, hinting at support for taiwan independence as a way to threaten shina. the united states is a hollowing art and blurting up the one china policy. us officials of course, deny that they are wavering on the taiwan issue, but it doesn't help when president biden drops bombshell statements like this. are you willing to get involved militarily to defend taiwan? if

pelosi could be landing any moments.re suggesting she could land within the hour in defiance of beijing. michael pillsbury is from the hudson institute and in charge of chinese strategy. a really important moment for these two countries to see how china will respond if she does touchdown in taiwan. allocations that she will. we're about to turn for our viewers there. new images of the tallest building in taiwan flashing speaker pelosi, welcome to tw. do the benefits of her visit outweigh the risks knowing china has been warning the united states not to have her visit there? >> yes, the benefits are definitely that she makes the trip. she needs to update her own knowledge of taiwan from her last visit many years ago. i think she will come away understanding the military balance shifted against taiwan. we need to do a great deal more to help taiwan improve its self-defense and get a feel for the new female president of taiwan who has been in office five years now. she is a lawyer and she is very concerned that china -- she

what are the chinese saying about pelosi's trip? >> peter: the chinese are saying the people's liberation army is not going to stand idly by if speaker pelosi dares to visit taiwan, they believe belongs to china. the white house is responding to the latest threat. >> we are not -- we shouldn't be as a country intimidated by that rhetoric or the potential actions. this is an important trip for the speaker to be on and we'll do whatever we can to support her. >> peter: the first few days between president biden's first quarantine and second quarantine, he did promise no new taxes on anybody making less than $400,000 a year. but, the non-partisan joint committee on taxation has a new report finding that just not true, and that "by 2031, when the new green energy credits and subsidies provide an even greater benefit to those at higher incomes, those earning below $400,000 are projected to bear as much as two-thirds of the burden of the additional tax revenue collected that year." joe manchin has also promised in the past no new taxes. >

house speaker, nancy pelosi's visit to taiwan.is a historic moment, marking the highes ranking visit by an american official to the island and 25 years. this is that moment she arrived. there is nancy pelosi, leaving the plant the airport where she was initially met by a small delegation. in a statement, ms. pelosi said the american solidarity with taiwan was more important than ever as the world faces a choice between autocracy and democracy. for china, the visit is a provocation. >> china has on many occasions made our position clear on this. we are closely following the itinerary of speaker pelosi and if the u.s. continues down the wrong path, we will take strong and resolute measures to ensure our sovereignty and security interests. kasia: let's take a look at why this visit is such a historical one. taiwan is a self ruled island, but taiwan -- but china sees it as a breakaway province. china has not ruled out the use of forth to seek unification and opposes officials having state visits with taiwan. you can see it has been co

nancy pelosi shaking the tree with that visit. china encircling the island, setting the stage for arguably some of its most provocative actions in decades. that is the position for some assets we have. chinese dollar below the 2020 level. we have the treasury market and focus. talking about that with fed officials fighting investors. helping to trigger a surge in yields, reminding traders they are in for the long haul in the fight against inflation, and don't think they are going to reverse course early next year. david: absolutely. mr. bullard was the latest to chime in and say to your point, we will be here for at least some time. and that narrative that the fed was about to turn, to your point, the bottom of your screen, 18 basis points in the 10 year yield. that has only happened six times in the last 10 years or so. yvonne: this was something the market kind of created, this fed pivot. yes, they took the words from jay powell saying maybe the hikes would be less aggressive and it could slow down later this year, then they wen

sure, whatever floats your boat, nancy pelosi. but you can't then argue that her presence in taiwan, which let's face it, washington exploits as a proxy to go. china is just business as usual, and not a provocation. it's too bad that europe blacks real states than these days, like former french president, jacques chirac or former german chancellor. gerhard schroeder, who took an unwavering stand against washington's drive for war in iraq, 2 decades ago, alongside russian president vladimir putin. the question is why are european leaders so lacking, encouraged to speak out against u. s. foreign policy. and instead, making weak neutral mealy mouthed statements around taiwan. maybe ally, silas is the result of seeing how some of them have been lambasted by their western counterparts for even suggesting rational diplomacy as a path forward instead of provocation. for example, former nato secretary jan. anders fog rasmussen even considered that french president. amen. reverend my cause paul for diplomacy with russia over ukraine was di

local media as some even you know, as flattering pelosi as her outfits thing. she looked like audrey hepburn, when she met j. f. k. back in the day and then we have others who are little bit more skeptical. they're very conscious of the precarious impact that this visit will happen. one of those being the former taiwanese ambassador danny nannie pill, what do you mean below? see what the hell are doing here right now, i will come all the way here to support the taiwanese people. suppose yourself, you want to support us to fight against the people for variation. army americans always ask us to let more time when these people join the army. whenever you come to taiwanda, mo, want us to buy more weapons from you and fight against the people's liberation army in urban terrain. it's none of your business. i'm here to support a wine or to provoke a war. what the hell are you doing here? below sea, the relationship between the mainland and taiwan is already very tense. you are supporting to wind, but we don't need your support. you are literally purring oil on the fla

nancy pelosi touched down in iowa. our response to the visit. china begins military drills all around tie. one thing that will include non nuclear missile launchers off the sea, just east of the island. i. beijing had already been boosting its activity near the self rule territory, while ty, one's islands are said to have been put on full, come back a lot. meantime, people in taiwan itself are pretty anxious over the u. s. house speakers, the trip members or the public, told us that u. s. just wants to spread its power and influence with lucy, touch china's bottom line. she touched the red line. so both the u. s. and china have to take actions accordingly. they just use taiwan to get their attention for domestic market. unless these business will add tensions across the taiwan street. i really hope the americans won't come around to mess things up so that we can live a peaceful life with it is 11 pm here in moscow. and just off to 4 am in taipei, taiwan, which is where you as how speak a nancy pelosi is currently huddl

laura: francine: coming up, nancy pelosi is in taiwan.get the latest on her visit to taiwan as well as the ripple effect for global markets next. this is bloomberg. ♪ millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lines. switch to xfinity mobile today. francine: welcome back to the open. here are your top stories. standing with taiwan, house speaker nancy pelosi reaffirms u.s. support for the island is tensions ratchet higher. treasury yields search after fed officials for cold water over stepping back from the current tightening cycled. a check on the indices, we have to talk more about inflation in turkey. it was up some 79% year on year. we think we have it bad

honestly, whether it's nancy pelosi _ now? honestly, whether it's nancy pelosi or _ now?president i now? honestly, whether it's nancy pelosi or president by making statements that united states will defend taiwan all this political manoeuvring to get the logic they want to signal their commitment but it's not helping, just provoke beijing gives them the moral ground and does not address the issue at hand which is the united states military capability to defend taiwan. you believe this was not helpful at all, perhaps she should have decided not to go? it was just the initial decision i would have strongly urged her not to go but once the white house clearly indicated they wanted her not to go then i thought she had to. it is convoluted but a big part of her strategy is to convey to beijing the separation of powers and united states, the white house can't dictate what congress does. the white house couldn't prevent nancy from going but we will have headaches when it comes to congress passing other legislation, arms sales and all sorts of things the taiwan relations act is p

over speaker pelosi's visit to taiwan.is bloomberg. ♪ heidi: china has announced a series of military drills near taiwan after nancy pelosi right on the island. let us continue our analysis of the market reaction with annabelle. what are you seeing? annabelle: we have been here a lot about this from a different investors, they have been looking at a lot of different scenarios in the ways that china could respond simply an invasion of taiwan. these are some of them. for instance, take one of the islands in the taiwan strait that would limit taipei's response or exploit a key vulnerability there. they could impose a fuel blockade as well. they have also raised the possibility that they could take control of the taiwan's border. these are some scenarios we are looking at here. what that means is it would really have serious ramifications for the relationship between beijing and washington. it would reset their relations. they are looking at what that means for taiwan, take a look, taiwan's key partners are china and the u.s..

this is what happens after nancy pelosi's visit.— pelosi's visit. that's right.is very controversial visit - pelosi's visit. that's right. this very controversial visit by - pelosi's visit. that's right. thisl very controversial visit by nancy pelosi _ very controversial visit by nancy pelosi has — very controversial visit by nancy pelosi has led to a lot of escalation, and it doesn't look good, — escalation, and it doesn't look good, taiwan raising the self —— itsetf— good, taiwan raising the self —— itself or— good, taiwan raising the self —— itself or blockade. it is rather worrying _ itself or blockade. it is rather worrying. i'm not sure there was ever— worrying. i'm not sure there was ever any— worrying. i'm not sure there was ever any support at all for nancy pelosi _ ever any support at all for nancy pelosi doing it at this particular moment, — pelosi doing it at this particular moment, in taiwan now looks like they're _ moment, in taiwan now looks like they're in— moment, in taiwan now looks like they're in more danger than ever on this one _ they're in

s. healthy can nancy pelosi to tie pay? here some of the latest footage shared by chinese media. 21 chinese warplanes passed through ty, once a defense identification zone. and according to beijing, military sources. rules will include non nuclear missile launches from the east of the island territory that include live fire exercises and coordination between warships and fight a croft, ty, ones, islands, i'll say to have been coach on full combat alert. as chinese media is flooded by footage of a major military preparations, china had really warned washington of serious consequences of the u. s. because versus china will definitely take all necessary measures to resolutely safeguarded sovereignty and territorial integrity. in response to the us, speaker's visit. all the consequences arising there from must be borne by the us side and the taiwan independence, separatist forces. ah, he has a quick look at what constitutes china and tie one's military with sources. ty pays total active forces are just a fraction of what stands

and they were begrudgingly praising nancy pelosi as well, which is quite unusual. but i have to say the voices are mixed on both sides of the aisle. so some commentators here pointing out the fact that there doesn't appear to be a strategy from nancy pelosi that she doesn't have a concrete outcome from this visit that she can achieve. and secondly, that the timing is not ideal because because the u. s. is already engaged in another huge security challenge, namely the war in ukraine. and that, that is going to be difficult to balance. and there is the concern that the u. s. it might be on a collision course, essentially with 2 world powers, china and russia by aggravating china with a visit like this. and this comes at a time where beijing and moscow have already been deepening their alliance. so the concern pablo being that this could push them even closer into each other's arms if you will. suit me. what about the white house? where does president biden stand on nancy pelosi visit? well, it is a very complex issue. i mean, the white house, as you mentioned, presid

if this were, let's say, hypothetically, it's all about pelosi, this is her idea. her objective and her, you know, really stressing it for the limelight. is there a specific objective? do you think she's trying to achieve? i think the truly a question of who's interested they, they represent the united states ruling classes and class. and it's to, you know, it's too dumb and treated the political parties they've, they've never represented the interests of old americans. and therefore, it's not surprising that many of their policies have never really had the whole hearted support of all 3 americans. they representing very powerful, big business, american big business interests that extend around the much of the world. and i think that's the, you know, that's the driving force. they clearly got china as a major economic rival, a been very jealous of the, of china's efforts to, to extend economic programs that to everybody's benefit to other countries. they've done their best to undermine showing those bills and road initiatives and it's investments in africa. you kno

the headlines: nancy pelosi, the us house speaker, is in taiwan for a hugely controversial visit. the white house tries to manage the tensions. the united states will not and does not, will not seek and does not want a crisis. we are prepared to manage what beijing chooses to do. the killing of ayman al—zawahiri — washington says the taliban broke an agreement not to allow foreign militants on afghan soil. the house that was targeted in the drone strike is just a few minutes away. but the taliban are not allowing anyone to film nearby, insisting there is nothing to see. one even pointing his gun threateningly towards us. shrinking glacier streams in the himalayas are creating a water crisis — we have a special report on getting tap water to villages. hey, josh, it's gillian, how are you doing? very well, thank you. how are you? and the glasses allowing deaf people to see real—time conversations, right in front of their eyes. live from our studio in singapore, this is bbc news — it's newsday. hello and welcome to the programme. nancy pelosi, america's third highest ranking politici