u.s./china diplomatic relations. by examining china's internal and external challenges and their effects of china's ability to sustain economic growth, project power, and spread its influence around the globe. this year has been one of extreme volatility in the relationship between the u.s. and china. change and unpredictability have been so significant since we began our hearings this year that commissioners thought it would be valuable to revisit and explore some key topics in the economic and security realms. there is an increasing amount of commentary in foreign policy -- in the foreign policy community, conjecturing about the likelihood that the relationship between the u.s. and china is undergoing permanent change. this commentary further characterizes china as a rival, having upgraded it from a competitor. the word, enemy, is less frequently used but is not absent. the previous assumptions underlying u.s. policies such as the current international order benefits china and capitalism brings with it democracy, ha

u.s. and china with asian studies scholars and economist, hosted by the u.s. and china economic security commission. this is one hour and 40 minutes. >> good morning. welcome to the last hearing of the u.s. and economic security s annual report cycle. andhearing will review assess key developments in the economic and security dimensions of the u.s.-china relationship in 2019. it will examine china's relations with taiwan and hong kong. the commission began its hearings this year, which marks the 40th anniversary of the establishment of u.s.-china diplomatic relations by examining china's internal and external challenges and the effects of -- effects on china's ability to sustain economic growth and spread its influence. this year has been one of extreme volatility in the relationship between u.s. and china. change in a pretty debility have been so significant since we began our hearings that commissioners thought it would be valuable to revisit and explore some key topics in the economic and security realms. there is an increasing amount of commentary in the fo

u.s./china relations: trade. the two nations' dispute has largely played out as a tariff war, but there are underlying issues and arguments on both sides. so, in partnership with the pulitzer center, we tell this story with two correspondents, nick schifrin and katrina yu. they begin in china's silicon valley, shenzhen. >> yu: in shenzhen's seg-e-market, you can buy anything electronic. there are ten floors of circuit boards, battery-powered children's toys, digital watches, wireless headphones, even bitcoin-mining computers. >> schifrin: and all of this is sold all over the world becaused international companies have long tapped into china's massive market and huge supply of reliable labor. >> yu: if you have an electronic product that's labeled "made in china," the chances are its parts come from here and end up all over the world, including the u.s. >> schifrin: for decades, the world's two largest economies, the u.s. and china, have been integrated. but now, the trump administration is trying to change that,

u.s./china relationship. could all these tariff wars signal real economic pain to come for china and for the u.s., or might there now be a deal to

china, both. the decline of u.s. ports by 18% to china has been felt by american farmers, workers, ranchers here it doesn't help the u.s. economy. and we are concerned about the inflationary impact of additional terrorist, particularly come in on consumer products. and so there is no doubt that the trade friction is having an impact on the american economy, and that, in fact, is not a positive impact. i just want to follow up on earlier discussion about new tariffs. [inaudible] since june have you been also talking with your member companies about whether they have further, you know, they have even lower -- future and growing sense of uncertainty? secondly, so you talked about there is growing number of people who have companies who are shifting their supply chains out of china and also the laying or stop making investment in china. have you seen that as candid like a permanent decision, or do you see them, might change their mind if the situation improves? thanks. >> let me maybe address the second question. what we'

up next, china again next month the u.s. are set to hold trade talks, but can any real progress been made? radione in to bloomberg live on your mobile device or on digital radio. , 40a: 7:19 in london minutes to go until the start of the trading day in europe. this is "bloomberg daybreak: europe." anna: i am live in westminster. nejra: and i'm nejra cehic in our london studio. let's get the bloomberg business flash. >> thanks, nejra. ubs is preparing a shakeup of its investment bank. to executivesg it to oversee dealmaking around the globe. they will be put in charge of investment banking, including advising on corporate takeovers and raising funds to stock and bond sales. the appointments are not official yet. norway's state-owned oil and gas producers, the first charge will start today as ecuador looks to boost its flagging share price. it also announced production will start a month early. nordion bank has named its new ceo. the previous ceo who plans to retire. the lender is pushing to restore revenue growth after years o

soil which makes it you guessed it another commodity caught up in the bitter u.s. china trade war. the rich soil of marathon county in the u.s. state of wisconsin is perfect for growing the medicinal plant gin saying china has been a lucrative market for american gin saying but jin singh is one of the agricultural products subjected to tariffs in the ongoing trade war between washington and beijing the result a 20 percent drop in sales to china farmers fear for their livelihoods they can't react quickly to market changes because ginseng takes up to 5 years to grow and harvest a particular percent of qualcomm last year. on the market and we have a new crop coming up in about 4 to 6 weeks so it's a has been a hard time for jones and farmers here around 2 thirds of the wisconsin genting crop is exported to mainland china jungmann tal started farming ginseng here 9 years ago but the ongoing trade war is hurting he's trying to stay positive by taking the long view or present more what has always been the bring the bears from wisconsin or us for trial there are more also there are spies u

u.s.-china as a competition. this is a competition between the communist party of china versus any economy that is market-based that has the rule of law and independent judiciary, and that is why i try to make the point that we need to rely upon these alliances. >> he also said we need to not retreat back into a cold war frame, but yet, we need to be able to go head2head on some of the technology challenges within our own values and our own systems, so that presents a particular challenge if you think about the spread of huawei and 5g and technologies that have the full weight of the chinese government behind them, so have you given thought to what does that look like? how do we tackle that kind of challenge? senator warner: first of all, i think we were all caught offguard, the government and private industry. a telecom guy. i was in the wireless industry for years. we, at least america, had kind of gotten a little lazy, everying that technological innovation if not invented in america, we would .nd up setting th

u.s./china trade war. get in touch or treat me directly we'll meet exclusively with the leader of google cloud and talk about why he says the trade war has not impacted his company you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. i had a few good tricks to help hide my bladder leak pad. like the old "tunic tug". but always discreet is less bulky. and it really protects. 'cause it turns liquid to gel. so i have nothing to hide. always discreet. (danny) after a long day of hard work... ...you have to do more work? (vo) automatically sort your expenses and save over 40 hours a month. (danny) every day you're nearly fried to a crisp, professionally! (vo) you earned it, we're here to make sure you get it. quickbooks. backing you. it's how we care for our patients- like job. his team at ctca treated his cancer and side effects. so job can stay strong for his family. cancer treatment centers of america. appointments available now. >> if you rugby fans are watching

u.s.-china trade however, economics editor warns of unintended consequences. u.s.'s almost as if the and china same to be intent on twoding the world into separate spheres just like really globalization in reverse. use a much more recent analogy, it's like the period ii and the cold war when there was soviet blocked comic-con and western doingies really not commerce with each other. that was not good for prosperity anyone. conversationst with the columbia business school this week. talked about u.s.-china trade. there's too much to be lost on both sides. if the united states and china don't work together. >> that is right. involved, yougos get other things aside from the economy involved like national security considerations, then up inakes sense sitting columbia and thinking about the economics of it, don't play that the real world. what we're seeing is there's logic by which the trade war instead of cooling off is heating up. it gets -- amplifies. on for a while longer. on for a while longer in terms of the war, sort we're talkingat about. generationsg-term, conse

u.s. wanted to set the parameters, that has been rejected. chinad that before this meeting, the u.s. would hold off on the tariffs that were supposed to get set for on september 1, but that hasn't happened. there hasn't been a meeting date set. kathleen: will markets just be to move when something is a set, or will something else be creeping up on the horizon? people talk about the crisis. argentina, italy, brexit, what do you think is next? derek: there is no shortage of geopolitical risk at play right now the world markets. you can look anywhere you want to risk -- look. are onea and hong kong -- are two. been a theme toward all of 20. there's a lot of geopolitical risk on the board. that will set a date, be a market positive indicator. if they get together even at al. when i'm talking about concrete action, the two things i'm thinking about our october 1, a slight tariff rise, then december 15, where there will be a large tariff increase from both sides. the december 15 one is the laptops and stuff. if those two go together, that's not so good.

u.s.-china trade war. goodwill lifted financial markets, financial editor peter coy warns of consequences. peter: in a way, it is as if the u.s. and china seem intent on dividing the world into two separate spheres, which is really globalization in reverse, and to use a more recent analogy, it is more like the period after world war ii and the cold war when there was a soviet bloc and the western countries. and not doing very much commerce with each other. very separate, and that was not good for prosperity for anyone, and risk is we will go that way now. carol: we have smart conversations at the columbia business school this week, featured in our show this week, and we talk about u.s.-china trade and there was consensus there is too much to be lost on both sides or by both sides if the united states and china don't work together. peter: that is right, except that when you get egos involved and other things involved like national security considerations, what makes sense sitting at columbia and thinking of

u.s. is china. just a little bleaker today. >> it is certainly turning in that director and, the manufacturing side getting worse and worse. attention to what is happening here in westminster in london. the british prime minister boris johnson setting the stage it seems for a general election. later on we will get a motion than potentially a vote on mps taking control of the agenda tomorrow and forcing the prime minister to go back to brussels and seek an extension for brexit. he said he will not do that. he is likely to call a general election if he can get it through the house of commons. where does that leave us, the markets or british politics? us is the ubs wealth management had for the u.k. huawei -- geoffrey yu. >> staying away from sterling for the time being. difficult to go below where we are at this point. getting some certain tv of the no deal or some long-term extension, if that can be accelerated -- vonnie: -- guy: how would you treat the general election? >> we know in 2017 where the

u.s. and china.nnot really sell smartphones without google's android os which it is prevented from using. in apple's case, it cannot really sell iphones it is not making them in china. 99% are made in china. shery: let's talk about apple's product launch today was there anything you saw among the upgrades that the android formalize him -- android phone makers are not already offering? >> is a tricky thing to judge with apple. with hardware implantation, no peered mobile cameras, three cameras on the iphone pro and cameras on the f11, that is been done. some with four or five cameras. sophisticate a camera system. but with apple the tricky thing is to judge how it implement set. apple has the first veto cameras already and has done a lot of upgrades. it is also doing a new night mode. ,nd is doing you processing about called deep fusion to prevents it here. so it is really about execution. -- to improve its photography. paul: iphone sales numbers earlier this year. do you have any body how they have b

not working for china and not working for the u.s. but i would say china as a whole is coming through this more robustly than the u.s. the u.s. is squealing because of the trade war, it is more exposed. the chinese stock market is made about domestic companies. china as an administration has more policies at his -- tools at its disposal. trump has lost one advisor is quite negative on this -- is probably a good thing. so does it change anything or do we have to have more evidence of any traction in terms of an agreement or rapprochement here? the trade war has more impact on the stock market. rishaad: in turn it affects the equities therein. investors right now across asia are trying to digest the first half of earnings we have had from companies. and companies in taiwan and gkok have seen substantial earnings downgrade. it goes backa -- to the fact that chinese company, is listed chinese companies are very domestic. big companies in the context of local indices. from the stock market point of view china is much more protected. of cour

u.s./china trade talks. that may be hard to believe, but one of the communist party goals in china is to have unity of china, not to have the foreign barbarians take hong kong or taiwan away. so this is crucial. what seems to be going on, i watched that interview. i think what jimmy is pointing out, which is very important, there's no enforcement mechanism for the agreement in 1984 maggie thatcher got with the chinese. even though that document and the basic law that china passed itself in 1990, they both talk about universal suffrage in hong kong is a goal -- maria: which is the ability to elect your own leadership. >> yes. so what's been happening, jimmy kind of pointed out there's a strange mechanism that can china will decide which candidates can run, so, yes, there's a universal suffrage election, but only for people you and i, we pick three candidates, and the vote is for one of our chosen candidates. that's not universal suffrage. but mrs. thatcher in 1984 could not get the kind of enforcement mechanis

u.s.-china trade yuannd the weakening against the dollar.d talk about how the tariffs are hitting the company. take a listen to how he characterized how they are dealing with. . that. >> this is an effect on the mainland china. beyondomething that is our control, but we want to deal with it, but not just by increasing prices. we are looking at ways to mitigate this factor. reporter: so they are choosing to absorb the costs in the short-term. he did say it is expected to have a bit of a margin impact, given that china is such an important market for the. this does not change their plans here domestically. david: all right, good stuff. selina wang, our china correspondent lived for us and the biggest favor -- biggest ever branded location. kind of looks like a forest. coming up here. rishaad: haslinda will be speaking to plenty more big names at this asia summit taking place in singapore. -- next up, the asia research institutes kishore mahbubani. you are watching bloomberg. ♪ >> the key was always a regression analysis, which assumes the futu

trade tensions u.s. china trade war this meeting comes at a crucial time for the global economy just as economic experts say the german economy is slipping into recession is this 1st signs of certainly that the last place any and the whole of europe wants to find itself is stuck somewhere in the middle as territory for what could become a full blown trade war between the u.s. and china and will of course be very sensitive to that for the 3rd time china has become the most important trading partner with 200000000000 worth of trade volume that just put it into perspective the budget is just over 350000000000 euro so china needs germany beneficial to when it comes to questions of technology transfer so both sides have a lot to lose and a lot to gain when they sit down and talk to k. of economic cooperation and see exactly where germany is in the middle because both sides are pulling on germany pulling it to its side germany agrees with china on that it is against trump's policies against drum's strategies tactics

between the u.s. china trade war and disappointing manufacturing report. riffs on $112 billion on chinese goods take aeffect on monday. our souths say the u.s. rejected china's request for a tariff delay. hillary vaughn is at the white house. reporter: china says they will formally file a lawsuit against the united states through the world trade organization in direct response to the latest round of tariffs that took effect on 150 different chinese imports. a spokesperson for the chinese commerce ministry violates quote china's rights and interests. we urge the u.s. to stop abusing the concept of national security. it is deliberate smearing and accusations against china and oppression against chinese companies. the president said the china cannot afford to carry burden of tariffs much longer, tweeting this. we're doing very well in the negotiations with china. i'm sure they would love to deal with a newrip off usa, 16 montha long time to hemorrhage jobs and companies on a long shot. think what happens to china when i win. it will get much tougher. china's s

warrant her case has been a key element in the u.s. china trade conflict. kenya is the world's largest exporter of black tea but prices have dropped dramatically this year some kenyan tea farmers and processors are now emphasizing quality over quantity in order to stave off international competitors in kenya the farming is serious business from the central mountainous regions to the rift valley t. is green gold the cash crop has long been kenya's major foreign exchange earner to also supports many small farmers millions of people earning a living with tea here like joseph he's been a tea farmer for more than 30 years. farming pays but you have to take good care of your plantations every year i harvest between 17 to 20000 kilograms but every year is different. in recent years has done well but $2900.00 could be a lean year kenyan tea farmers look set to see a big dip in their earnings more than 20 percent according to current indications. that's down to several different factors demand is weaker in the main export markets like britain and russia global trade

u.s.-china cooperation? >> u.s.-china? >> yeah. >> thanks so much. so my question to you, is there any sense in which current intervention would actually signal a weakness and invite escalation? in the sense that, if i am communicating overtly, this would seem to suggest that i am holding open the hope that i can sneak out. i had a chance to engage in conflict, but i did not. is this tempting to the other side, one step of the escalade tori ladder and they are gone. >> these are great questions. all three of them. i will go backwards. so, great question, for a different interpretation. i had a lot of discussion with my colleague. we have separate articles, just looking at the resolve signal of the covert intervention can send. we had a lot of discussion about this. our, we sort of landed on the side of it depends what your reference point is. if you fought for various reasons, the intervenors, most likely action was to stay out. and then you see covert intervention. you say wow, they are taking risk. but you are right, they're not doing it in a way t

u.s. could be restricting portfolio flows into china. e no clarity on what mechanisms would be used. what does it about the longer-term broader impact of this decoupling happening between the u.s. and chinese economies? >> look, it is going to take a long period of adjustment and accommodation for the united states and china to find their footing in a new relationship. i keep feeling like the trump administration has only suddenly discovered that china has a state owned economy. and seems to be shocked that that is the case. they went through this tantrum period with the trade talks when they were asking for no state control over companies. that is something that is ugly never going to happen. and then they were shocked when it didn't happen. i kind of don't know what is going to happen now. i'm not sure. shery: something that seems to have changed within china at least is the rise of president xi jinping, the most powerful leader somewhat argues since masa tongue. what is -- how was i going to affect the chinese economy becoming a major

u.s.-china trs will be held in washington early next month. hley: china agreed to a date in a phone call yesterday with u.s. trade representative bob lighthizer and treasury secretary steve mnuchin. trade talks have gone nowhere since late may. the trade war ramped up last sunday with new tariffs. president trump said he approved a meeting between senators danes and purdue with chinese officials earlier this week and the senators told mr. trump that china would like to do something. lauren: we'll see. hurricane dorian is taking aim at the carolinas after becoming a powerful category 3 storm once again. storm surges and damaging winds are expected in the region. ashley: jeff flock is in south carolina with the latest. >> reporter: good morning to you. we are just starting to get the effects of it here. they're very concerned in charleston. i don't want to get our team too far out into the wind here and into the rain, because we don't want to lose a camera this early in it. but i tell you, charleston is completely surrounded by water. what they'r

u.s. and china. $570 billion number versus $140 billion.e have to treat american companies in china fairly we treat chinese companies here. i think that needed to be resolved. while all of us wish it would be smoother in the resolution, it was something that had to occur. we had to stop kicking the can down the highway and not dealing with the issues. if you want to look at ones that are going well in handling it right in my opinion, the u.s.-india trade issues. if you watch what president trump and prime minister modi, both of them are involved in that. both have taken constructive roles on how do you get our countries working together? as i've said several times, i think the most important strategic relationship between any two countries in the world for the u.s. is the u.s. and india. i very much admire prime minister modi. i will see him in new york with other ceos. there is a model that i think is going in the right direction. i'm cautiously optimistic you will see that trade issue resolve effectively their. taylor: i want to talk abou

u.s. capital flows to china beijing had a warning for the u.s. . exerting maximum pressure and even seeking the force to coupling of china u.s. relations will harm the interests of chinese and american companies and people it will create turmoil in financial markets and then danger global trade and economic growth. would you feel with. beijing said it hoped washington would work to resolve their differences and deepen economic ties some market observers brushed off the rumors saying the news amounted to nothing more than posturing ahead of talks between beijing and washington next week. fox is in court in germany's very 1st class action lawsuit a civil compensation claims relate to the diesel scandal the court will have to consider if vehicle owners suffered damage from the emissions cheating software itself all from subsequent bads imposed on driving all the diesels. this could be a watershed moment for germany's legal system 4 years after the emission scandal broke hundreds of thousands of diesel drivers now have the chance to hold the carmaker to

u.s.-china trade war.biggest concern eventually the unintended consequences of monetary policy dealing with political shock event? we have the u.s.-china trade war and we have had interesting discussions were we do not understand where it is going. we have tech wars which is more important. central banks are trying to find their way, but more importantly is at thean union head of regulation for technology, and it is trying , find ay to balance balanced view of the economies of the world. when you put it together, it is about the size of the united states and bigger than china, it is gravitas, it can push ahead. do whenbritain going to it gets out of there? how will that deal with the situation? has a hugeurope also problems. we are seeing a technical recession in germany and italy. what does europe need to do to avoid real recession and a prolonged down threat? christopher: i think what it needs to do is new infrastructure tied to the digital economy. the future is digital, no doubt about that. we have to

equities jumped on hopes of the escalation and the u.s. china trade war and on strong economic data $195000.00 private sector jobs were added in august a whopping $50000.00 more than expected another private survey showed growth in the u.s. services sector picked up in the same month bouncing back from its weakest level in nearly 3 years investors are also emboldened by the news of restarted trade negotiations with china next month. the un's quarter joins us from wall street he ends up 1st the data those numbers seem to have been enough to make investors forget the r word recession that is but are they really are. well nobody really expects that their recession in the united states is imminent the big question is if we might face in the recession it was in the next 12 months and that is still possible but especially when you look at the data that we get from the labor market is really strong we saw that with the private sector jobs here on thursday and let's wait and see what the big job numbers are bringing those will be published on friday's o

u.s. and china, and the fact that we do not know -- of the tariffs between the u.s. and china. e supply chain and onto the consumer. hittingrices have been categories such as auto parts, jumping this year. you see thehat, consumer price index in blue, and the u.s. consumer price -- that is the way they have been going for the last three months. the u.s. is slapping tariffs on $110 billion more in chinese imports. the 15% duty came in yesterday, hitting consumer goods ranging from footwear to home textiles and certain technology products like the apple watch. joining us from faang for it is christian scholz -- joining us from frankfurt is christian scholz. thank you both for joining us. let me kick off with you. when you are looking at the u.s.-china trade war, does it escalate? we are none the wiser on when the talks take place or if they take place in september. >> i think unfortunately the risks of china spinning things along at this stage and waiting for a more benign or less volatile u.s. administration, that risk seems to be rising at this stage. that means it is really --

u.s.-china trade negotiations. the new report on the u.s.-trade war.e will talk with ian bremmer about the most likely outcomes next. this is "bloomberg." ♪ david: you are watching "balance of power." the impeachment inquiry into president trump maybe the talk of washington today, but u.s.-trade relationship is going to be the talk for years to come for both countries and the entire world, for that matter. eurasia group has joined with vontobel holding on what comes next. for an exclusive review of what they found, we're joined by ian bremmer of eurasia group and dr. zeno staub, head of vontobel. withe consumed right now the impeachment. connect these two things. to what extent is what we're seeing in washington going to affect the longer-term relationship with china? >> the likelihood of getting a deal with the chinese had gone way down over the last two month and the chinese government has now decided they're going to wait until the next election. the fact trump is going to be consumed, not just distracted, with internal impeachment, the fight of his

u.s.-china trade war, saying the impact could last decades into the future and also urges chinese businessesnities from it. jack ma -- september 10 is teachers day in china. nejra: that was just one of the many explanatory videos you can find on the bloomberg. you can also find them at bloomberg.com, along with the latest business news and analysis 24 hours a day. that will be it for "bloomberg best" this week. thanks for watching. i'm nejra cehic. this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. ♪ alix: mexico, venezuela -- these were the powerhouses of latin american oil production. a source of wealth, prosperity, and competition. now, venezuela is in crisis. >> i

lou: breaking news on the u.s. china trade dispute, president trump moments ago tweeted this, at the request of the vice premier of china, and due to the fact that the people's republic of china will be celebrating the 70th anniversary on october 1, we have agreed of goodwill to move the increase of $250 billion worth of goods, 23% to 30% from october 1 to octobe.

. >>> next, a discussion on u.s. china relations with virginia senator washing a mark warner vice chair of the intelligence committee from the u.s. institute of peace this is an hour and ten minutes. >> good afternoon, everybody i'm nancy lindberg i'm the president petition u.s. institute of peace. and delighted to welcome everybody here for a very timely conversation with senator mark warner from virginia. about the u.s.-china relationship, an issue getting a lot of attention these days. senator warner has been at the forefront of china. and has been a leader on the conversation related to foreign policy and national security issues both on china and through his years of service in the senate. for those of you who are joining us for the first time, u.s. ip was founded by congress as a non-partisan national institute, dedicated to working with partners around the world to prevent and resolve violent conflict. and one of the things we do here in our headquarters in washington is to provide a space for conversation about the

u.s.-china trade war saying the impact could last decades into the future. chinese businesses to find opportunities from it. and jack ma has not forgotten his roots. december 10 is teachers day in china. taylor: that was bloomberg's rosalind chin on jack ma stepping down. now to tell us more about the rise of ma and what lies ahead for alibaba, let's bring in the man who literally wrote the book on both of them. duncan clark, the author of "alibaba: the house that jack ma built." of analso a chairman advisories firm serving technology and consumer sectors. great to have you. what struck my mind as you wer an early advisor to alibaba. what did you see? duncan: you walked into that little apartment, it was tiny but packed with people working around the clock. door,shoes were at the they were eating hot noodles around-the-clock and they had this crazy vision to one dashed to become one of the largest -- to become one of the largest internet companies in the world. that was striking. jack ma somehow made it u believable. --has a great ability to taylor: what abo

u.s. and china are further apart on trade than earlier thought. xt step in those negotiations, with a former acting u.s. deputy trade representative, wendy cut worth. that's next. this is bloomberg. ♪ on tysonbreaking news foods, meat producer, or lowering guidance for a full year, 530 to 570 the new range. it had been saying 575 to 610. the company says these are short term challenges including margin compression, issues on green derivatives, commodity market volatility. this ceo is scheduled to present tomorrow at an investment conference. joe: u.s. stocks lower as trade talks between the u.s. and china hit a stumbling block. the s&p 500 index dropping for the first time in four sessions today, officials in washington and beijing struggling to even agree on a scheduled for talks to resume. china is supposed to send a delegation to the u.s. this month but no date is set. we are joined by wendy cutler, former acting trade representative and former acting president of the asian trade society institute. they can't even agree on a date to restart the