u.s. commerce secretary visit. e met with china's premier on tuesday. ue with needed to find common ground and increase pop -- possible cooperation. the commerce secretary underlined the u.s. is not trying to stifle china's economy. >> the relationship between the united states and china is one of the most significant in the world. over $700 billion in trade. i concur with you that it is profoundly important that we have a stable economic relationship, to the benefit of both of our countries. >> she added the u.s. does not want to suffer the links between the two economies, especially with hundreds of billions of dollars at stake for both countries. but they remain far apart on key economic issues. she says he was companies teller china is on investable because of raids on businesses and a new counterespionage law that broadens the definition of spine. washington warns it could you -- could be used to penalize any business activities. china was to see the u.s. reduce export controls on sensitive technologiesnd scrap a new executive order that bands u.s.

u.s. and china. the commerce secretary meeting with the premier. the u.s.ants to work on climate change and artificial intelligence and the fentanyl crisis crisis. the premier said sound economic and trade relationship will not only be beneficial for our two countries, but the entire world. her visit continues and we will continue to monitor her main message for the international community. they will not compromise on national security conversation, b -- security concerns. >>> let's see what is in store for the u.s. today. not a lot. investors in the wait-and-see mode as we brace for data. the jolts report and pce on thursday. th then on friday is the non-farm payroll report. that is it for "street signs." i'm julianna tatelbaum. "worldwide exchange" is coming your way next. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're

u.s. commerce secretary stressing the importance of global ties on her visit to beijing. ng her chinese counterpart she said the u.s. seeks healthy competition and has no intention of hindering china's economic progress. she is the fourth high profile u.s. official to visit beijing in the last three months. apples major supplies list shows 80% of its manufacturing partners last year had a foot print in china. data compiled by bloomberg has how that could be changing. let's bring in the works asia tech editor. what does this list show about apple supply chain? >> i think everybody knows at this point apple does not make iphones. it has hundreds of partners around the world it works with to make iphones, computers, ipads. it has to partner with companies around the world. this was the brainchild of tim cook. he worked to develop the sophistication of the supply chain especially in china and concentrated the development of these products in china. apple began a decade ago to disclose the identities of these partners and their locations. what we did for this project was that w

u.s. commerce secretary to both beijing and shanghai is the latest of top biden administration officials ass to stabilize a u.s. china relationship because tensions flared over trade, over targeted sanctions. over access to sensitive technology like chips. over raids conducted by over consultancy firms in china. we heard from the chinese commerce department it commended the u.s. department to lift expert control measures on 27 chinese companies. china saying this is the kind of gesture that paves the way to normal trade. rosemary. >> christy, do china's economic troubles give the u.s. commerce secretary perhaps a little leverage in beijing >> i pointed out that the timing is good for secretary raimondo giving the deep economic troubles that china is facing now. the export growth slumping, ongoing and deepening property crisis, youth unemployment is so high in the country. these are issues that beijing has been addressing in terms of cutting or lowering interest rates, offering some sort of stimulus to shore up the property sector but economists say these measures are still falling short. so

u.s. commerce secretary gina raimondo has spoken exclusively to cnbc's eunice yoon. she warned chinese measures against u.s. companies will hit investors' confidence in the country and call on the government to level the regulatory playing field. raimondo said china needs to work with confidence. >> there's an appetite certainly for u.s. business to continue to do business in china, but what they tell me is that when the regulatory environment is unpredictable, when they're not sure why their companies are being raided or when they're not sure why there's such a strong preference for chinese companies or local content requirements, all of those regulations make -- it's an unlevel playing field for the u.s. business, it's unpredictable, and so my message was there's a desire to do business, but we need predictability, due process, and a level playing field. >> raimondo also said there is no guarantee the u.s. will take more action against china. >> the president's been very clear that we have to protect our national security. we can't compromise or negotiate when it co

u.s. commerce secretary is not the only one weighing in on the trade balance with u.s. and china. we have martin son who filed this report in new delhi. >> reporter: good morning. it has been a busy weekend here in new delhi. we talked to the u.s. trade representative. derisking allies away from overreliance on dependence on china is key. it is also a key part of the new u.s. trade strategy. here's some of what kathryn thad to say. >> it is one of clear dominance. we talk about choke points in supply chains, it is rare earth supply extraction processing. china at some point, i would say, smartly recognized the relevance of rare earth. they started producing and selling to the world market at prices that we could not compete with. our producers shutdown. the advantage in terms of china's dominance is not necessarily a natural advantage, but they were able to pursue coordinated industrial and trade policies to corner the market. >> all right. that was martin soong with our report. joining me now is dewardric mcneal. great to see you. >> good morning, frank. >> what do you think when

u.s. commerce secretary to beijing. as for europe trade, green across the board. ftse 100 is up 1.25%. uk was closed for the bank holiday yesterday. a catch-up trade in that index. outside of the uk, modest gains with the dax up .25%. ftse mib up .40%. the data points on thursday for european investors. flash inflation prints due which will be important in terms of where we go from here for ecb policy. frank. >> julianna, thank you very much. julianna tatelbaum live in the london newsroom. >>> time for the check of the corporate stories with silvana henao. silvana. >> frank, good morning. the biden administration is expected to announce the first batch of prescription drugs. the administration will target prices and lowering medicare costs. this is the first since the inflation reduction act was passed which requires the government for the first time to negotiate drug prices with the companies that make them. >>> the head of the bank supervision in san francisco is retiring effective october 15th. they have been under fire for the failed oversight of the silicon valley bank. the bank s

u.s. commerce secretary because china is facing such deep economic issues from slumping exports.lowered interest rates, but economists say those measures have fallen short. so the pressure is on beijing to find a way to revive its committee and find a way to boost trade. >>> nasa's cruise 7 arrived at their new home very far from earth for the next six months. the four astronauts from four different space agencies and countries were welcomed on board the international space station thursday after a nearly 30 hour journey. the new international team has crew members from the united states, russia, denmark and japan: they will relieve four astronauts from the crew 6 mission who are due to fly home next weekend. so it's a bit of a crowded house on the iss right now. with 11 people on the orbiting lab. but the new crews say they look forward to working with everyone stressing the need for unity and cooperation in space. >>> finishing at,-27 under par. the norwegian golfer is now the third youngest fed ex cup winner in history. 27-year-old hovland opened the tour championship as the n

u.s. commerce secretary's visit to china.s like they are working on a solution towards a resolution, take a listen to what she said. >> we agreed to establish a new commercial issues working group, a formal working group which will involve u.s. and chinese government officials. and very importantly u.s. and chinese commercial private sector representatives as we seek solutions on trade and investment issues and to advance u.s. commercial interests in china. >> commerce secretary we learned has also just met china's culture minister today in beijing. that happening just a few minutes ago. your take on the visit so far? james: in general she was very bullish yesterday with the comments, she has got other meetings today. she met the culture minister earlier and she has meetings planned for this afternoon with senior officials. we spoke to her last night, she was very happy with how things are going. at the same time, the things she is announced yesterday, the working group on commercial affairs and the discussion and commission

u.s. commerce secretary has traveled to china in seven years. >>> overwhelming 97% of united auto membersed to authorize strike if negotiations with ford, general motors, stellantis fail . this is after the uaw union president says workers are fed up. the deadline is september 14. that is a wrap on your money watch report. when you tune in, you can take something to the bank. this is your show and our mission is to connect communities. >> we were with you this weekend all over the bay area. >> it's fascinating to see a negative turn to a positive. a group planned something called doom loop tour to draw attention to the open air drug markets. but the tour ended up canceled. do you know what replaced it? 50 of you on a walking tour of the tenderloin with the goal of providing an alternative view of the neighborhood. good morning. some of the down side was in plain view but mr. seymore pointed out positive things. >> when we heard this tour being advertised, we thought let's show them how to do it tenderloin style. we don't engage but we wanted to be sure that the wonderful things are also h

u.s. chamber of commerce task force to eradicate human trafficking. would like to welcome you all to today's event, the role of public/private partnerships to combat human trafficking. when i mentioned the term human trafficking, what am i talking about? the keywords are that trafficking involves the elements of force, fraud, coercion, forced later, or commercial sexual exploitation. human trafficking is a global problem affecting millions of people each year who are illegally lured into forced labor and sexual expectation through force, fraud, or coercion. the u.s. to permit of homeland security says it is only second to drug trafficking is the most profitable form of transnational crime generating billions of dollars a year in illicit profits, and all victims of trafficking share one essential experience, the loss of freedom. we know that human trafficking is a sensitive topic that dwells on the worst behaviors of mankind. in an interconnected world human trafficking is a global problem that touches many industries and business relationships. the pr

u.s. commerce secretary gina raimondo will go to china to meet with government officials and u.s.p deepen ties with a very fractured bay jiang when it comes to the relationship with the u.s. this as tensions in the south china sea rise between china and the philippines. let's go live to fox news's chief national security correspondent jennifer griffin at the pentagon. what does this mean for u.s.-china relations? >> reporter: liz, all of this is coming at a dangerous time and a dangerous confrontation earlier this week in the south china sea as chinese coast guardianships attempted to block two philippine supply ships on a resupply mission delivering food and other products to filipino military forces guarding the contested thomas scholl island chain claimed by china and philippines. they were blocked by at least four chinese coast guardianships for five hours tuesday as a u.s. navy surveillance plane circled over head. the philippine coast guard attempted to communicate with the chinese ships. >> we are proceeding according to our plan. -- [inaudible]. in accordance with the sea

u.s. commerce secretary gina raimondo says the u.s. and china are taking new steps to ease their economic tension for communication. >> the government to government level business to business level is critical to helping to resolve those challenges. following a 4 hour meeting with china's commerce minister monday, the 2 agreed to create a working group to talk through ongoing disputes. topping the list, the future of semiconductor exports and getting the chinese government to pull back from attacks on u.s.. businesses in china have made huge progress just today. rimando is now the latest top biden administration official to travel to china. how should the american public purse seen this type of dialogue? well, i hope they perceived we were talking and now we are. bill writes, help guide u.s. trade relations with china. under president clinton hopeful this will be a return to a period where we least a relationship or were we to talk to each other and complain? honestly, but things that were going he says, well, communication is a good s

u.s. commerce secretary gina raimondo is in china, continuing her visit in the capital.g to say that the trade between the two countries has nothing to do with national security and it is possible to promote and protect exports at the same time. >> we agree to establish a new commercial issues working group, a formal working group which will involve u.s. and chinese government officials. very important on u.s. and chinese commercial company representatives as we seek to resolve trade issues and continue u.s. investment in china. rishaad: chinese, secretary wang wentao also spoke. let's bring in william mccahill. he had a 25 year in the u.s. foreign service. welcome to the program. raimondo is doing the talk about the walk seems to be entirely different bid are the chinese likely to buy this? william: it is a lot of same old, same old. we were doing new working groups back in the late 1990's, and in fact, that set up a whole labyrinth of consultations on various kinds of trade issues. the imbalance, also the hardy perennials of intellectual property theft and chinese gove

u.s. commerce secretary has traveled to china in seven years. >>> shares of rite aid plunged after wall street journanal reports s that the phararmacy giantnt is preparari file f for bankruruptcy withihi weeks.s. declarining bankruptcy would d halt lawsusuits againsn companany related d to the opop epidemicic. authorities accuse the pharmacy of filling hundreds of thousands of unlawful prescriptions between 2014 and 2019. >>> heading into this afternoon it will be a breezy one . especially in areas like san francisco and bodega bay. with wind gusts up to 30 even 40 miles per hour the more north we go. we will keep a close eye on that this afternoon as well as current air-quality. widespread throughout the bay area, especially in the north bay, we are sitting in that moderate to and how the category 4 sensitive groups. the winds will shift within the next couple days, especially in the upper level atmosphere and that will move the smoke towards us. we are watching the air-quality all week long. as well as the warmer temperatures. that is the other big weather story . high pressure is building i

u.s. commerce secretary says trade can stabilize relations with china but national security remains a redline. shery: take a look at u.s. futures. we are seeing stocks and bonds rising. jackson hole is heading for more eco-data, not to mention the price index. we're trying to figure out how policymakers blend in. we saw optimism today with chinese adr. the dollar was pretty flat. wti popped above it's the summer low in trading. annabelle: i saw the volatility tells us perhaps a sigh of relief and it's time to relax. futures are mostly pointing higher. we are watching the japanese yen given the yield yet. you mentioned the moves in china and that is the big focus yesterday. it was about cuts on stock purchases, slowing ipo processes to try and boost market sentiment. take a look at the moves yesterday, up at the most 5.5%. put that in context, this is a rare move. we have only seen it to other times since 2004. to pair those gains throughout the session, our colleagues are saying this does indicate perhaps perhaps the china needs to pull out measures to spark investor interest. foreigners cont

u.s. commerce secretary has wrapped up her visit to china named at restoring trade ties.ng officials and business leaders, she admitted there was no breakthrough in resolving the ongoing trade for it but stressed that the u.s. did not want to "decouple from china nor seek to hinder its economic growth in any way," however she repeated washington would not compromise national security and warned that conditions must improve for u.s. firms to continue to invest in china at day after the report that many american businesses were finding the country "un-investable". >> there is appetite among u.s. businesses to continue to do business here. the market is enormous. the environment has to be predictable and there has to be a level playing field, due process, transparency, so my point was you as business needs to see some action taken to address these issues, otherwise they will deem it too risky, and as i said un-investable. correspondent: many have been disappointed after ordering food that look fabulous on the menu and less impressive on the plate , but burger king is facing

u.s. commerce secretary gina raimondo is in china lookening strengthen business ties. onomic relationship between the u.s. and china profoundly important. shares of that country's ever. >> the evergrande group. the company defaulted in 2021 and last month filed for bankruptcy protection in the u.s. >> and gran turismo edged out "barbie" at the box office this weekend. it took in 17.3 million and "barbie" earned 17.1 million. it has earned close to $600 million domestically in total. >> this week the biden administration is expected to release a list of ten drugs for which medicare will negotiate prices. the effort stems from the inflation reduction act. it's the first time the government will be able to bargain for medicare drugs. those the efforts are facing legal challenges from the pharmaceutical industry. and joining me is dr. scott gottlieb, serves on the board of illumina and is a cnbc contributor. if you were on a high school debate team, could you argue both sides of this, from the government or could you do it also from the pharmaceutical side? i can do either

u.s. government would like to promote. commerce claims that last year there was $700 billion in this kind of trade, in goods and services and that's what they would like us to focus on what china is going to focus on in the conversations is a little different and i think that's a question whose answer is still to come. >> got ya. hal, i hear you. know you have some thoughts. want to get your insights on this visit the impact and the importance of it and whether and how it actually changes the relationship between the two countries. >> yeah, well, i think this is the first time in a long time that, you know, the department of commerce is in china. she's going to spend a couple of days here. i think today is one of the first initial rounds of discussion with the chinese officials. already we're seeing initiative from the chinese initiate a communication group with both sides to work on the issues going forward. so, i think once that is established, it could help re-establish the communication channel, one of the most important relati

the commerce department says this will serve as a platform to reduce misunderstanding of u.s.l security policies. a lot of the states backed export controls that china was annoyed about and they will communicate more regularly so her and her counterpart will meet in person at least once a year. she is trying to have a bedrock of these trade practices between the two countries. not only is she meeting with senior officials, she is also meeting with u.s. businesses and seeing what they need on the ground in china. her job is to promote trade for u.s. companies. alix: micron rallying on a report she brought those companies up like micron and intel. is that enough for president biden and president xi to meet at the g20? amy: there are does cooperative -- annmarie: there are two opportunities that they could meet. first we have to get a phone call the president has said he is preparing for which xi jinping, that has yet to happen. will they both be at the g20? if xi jinping is there they will see each other, but will there be some sort of bilateral? we don't know yet. the other opp

u.s. commerce department is watching this and a key meeting to look out for is going to be next week when trade chief ramonda visits beijing. it is hard to not think this might be a topic of conversation at that point especially as the ties between the u.s. and china, they are trying to improve them where they can but as we know, the tensions between the world's two largest economies are simmering. we will have to see how that works is going forward. lizzy: speaking of the relationship between those economies, china's sluggish economic recovery which we have been talking about every day has now weighed on nike shares. they fell for a ninth straight section wiping almost $13 billion off market value. jill, give us context on positive can the china market is 90 -- is bernanke. his longest losing streak since 1980. jill: china is a key growth market for nike, and this is a $6 trillion consumer market. a lot of retailers are trying to get into china and build business there. we have seen issues within china impact nike before. think back to 2021 when nike was one of the companies saying they

u.s. secretary of commerce knew she had to tread carefully during her trip to china. but wha

u.s. commerce secretary gina raimondo wrapping up her high-profile trip to china today. eunice yoon joins us now with exclusive comments from the secretary. eunice. >> reporter: thanks so much, frank. the u.s. secretary just wrapped up her last press conference before she heads home. she described her visit as productive. this is after a whirlwind tour here in shanghai where she visited various examples of u.s./china cooperation, shanghai disney land, nyu's local campus, as well as this boeing fa sul. in this exclusive i asked her about the concern she hears among u.s. businesses that china is just uninvestable. she said that u.s. companies want to do business here but they just don't know what to expect. >> all of those regulations make -- it's an unlevel playing field for u.s. businesses. it's unpredictable. and so my message was there's a desire to do business, but we need predictability, due process, and a level playing field. >> reporter: i also asked about cases like micron, intel and a possible chinese policy to retaliate against u.s. company for her department's e

u.s. commerce secretary as met with china's vice premier in the great hall of the people. >> and the two worldowers have already reached an agreement on export controls that will reduce misunderstandings with u.s. national security policies. >> and steven jiang is joining us from beijing. there seems to be some progress here. >> reporter: yeah, what they agreed on is actually a new mechanism, a new platform that would allow u.s. officials to explain their about portexport control decisions to chinese counterparts about and that is pointing to the controversy nature of the raimondo visit. on the one hand she is trying to promote u.s. business interests, but on the other hand, her own agency the commerce department has been issuing a glowing number of export controls targeting china especially in terms of semiconductors and advanced computing. that of course has greatly angered the beijing leadership including xi jinping himself. so what raimondo has been trying to tell chinese officials, these export controls out of national security considerations account for only 1% of america's exports to ch

u.s. commerce secretary gina raimondo is in china seeking to expand business ties despite ongoing tensions and revelry. let's go to our bloomberg editor who joins a set of washington. several top u.s. officials had visited china and the last few months against this backdrop of what we know is going to continue to be a difficult and often strange relationship. what is characterizing the trip? >> when mondo -- raimondo sits at the nexus of this china-u.s. relationship emma because her department deals with both trade promotion, promoting business, international business and trade restrictions, so that connection with some very real world issues in a way that perhaps -- this is no criticism or aspersion on them, but perhaps top officials like antony blinken or treasury secretary yellen are not in quite the same way. she also serves at the intersection of the broader trends that you talked about or hinted at, which is the competition between the u.s. and china, where china has been extremely critical of restrictions taken by the u.s. and its allies while the chinese economy is slowing, and all

u.s. commerce department has received 460 statements for projects seeking federal funds from last year's chipsence act. proposals will compete for some of the $39 billion in funding aimed at reducing u.s. reliance on asia semiconductor change boosting domestic manufacturing of chip technology. amazon is in talks to join other companies as an anchor investor in arm that could raise as much as $10 billion. arm is the chip designer that counts the world's biggest tech firms as clients and has held discussions, as reported, with intel and nvidia. joining us is tom giles. this is interesting. the obvious question, why would amazon be an anchor investor? tom: 250 billion chips is how many chips arm has designed over the years. arm is an incredible player, incredibly important player in the design of chips. in particular, it is a leader in designing chips that are used in the data centers that are running all of this computing power that amazon web services is behind. the data centers that run things like azure for microsoft. data centers that work for google, for example. these are the kinds of chip

u.s. commerce secretary is in china for a four-day visit. she arrived in beijing on sunday. beijing she met with her chinese the counterpar. she pointed out that, look, these two countries share more than $700 billion a year in annual trade but she also added that the u.s. would not compromise on matters related to national security. which was also the message we heard earlier in july when janet yellen, the u.s. treasury secretary, visited beijing. on the chinese side, we heard from the secretary, quote, i'm ready to work with you to foster a more favorable policy environment for strong relationship between our businesses to bolster bilateral trade and investment in a stable and predictable manner. now, this visit comes at a time of deep economic times with china because china is dealing with deepening exports. it's dealing with an ongoing property crisis. it's dealing with sky high unemployment data. data deemed so bad that the government has suspended releasing that data. raimondo, in beijing, she also travelled to shanghai, her visit with other senior visits as the u.s. t

u.s. chamber of commerce. it offends me to have them come out with this fear mongering about trying to lower drug prices for everybody. i think you have an expose on the u.s. chamber of commerce, who they are and what they stand for. about those specific things about drugs, my brother-in-law -- i went to give him a shout out. he is a trump supporter, or he voted for him was, so when the insulin prices were down to $35 -- i know he has diabetes, but i do not think he has insulin yet. i said, look, he lowered the prices for insulin and he goes, he did not do a thing for me. now they named 10 prices, and i noticed several of them are for diabetes. he was complaining to me about the price of his medicine, but he was saying, joe biden did not do anything for me. my point to all those trump supporters out there, biden is doing something for you. this is just the beginning and you know, vote for what is good for you, if you are smart. i think that is it. thank you. host: dr., is there anything that you want to pick up

u.s. commerce secretary gina raimondo met with her chinese counterpart, and raimondo said stable relationshipshe u.s. and china are profoundly important. pointing out the two countries share $700 billion in trade every year. raimondo also said she would not compromise matters related to national security. and this is what we heard from this quote, i am ready to work with you to get to foster a more favor only policy requirement for stronger cooperation between our businesses to bolster bilateral trade and investment in a stable and predictable manner, unquote. now, this visit comes during a time of deep economic times with china. china is dealing with slumping exports. and property crisis. deal with youth unemployment that is so bad that the government has stopped releasing data for youth unemployment. this trip to shanghai follows a flurries of visits from the u.s. treasury secretary in july and tensions have flared not only gopher geopolitical issues but trade and access to technology like chips and also raids conducted by the chinese of u.s. consultancy firms. china is looking for ways to b

u.s. commerce secretary traveled to china in seven years. >>> overwhelming 97% of the united auto workers members voted to authorize strike and contract negotiations with ford, general motors. if they fail the union is asking for a 40% pay hike, pensions for new hires, post retirement healthcare benefits after uaw union president says workers are fed up, deadline for an agreement is september 14. that is a wrap on your money watch report. >>> when you tune in, you can take something to the bank. this is your show and it is our mission to connect communities. >> we were with you this weekend all over the bay area. >> i got to see some of you pickers out there. you know what that means. antique lovers at this estate sale. barbie looming large. i also saw wacky things too. this was somebody's teacher and somebody's dog house but it's always fun. that's how i feel. hugging a pumpkin taking a nap. so much fun to see. by the way, somebody didn't use their folgers. good morning to you. it's the largest pride festival in the south bay. this year's theme is "live out loud." >> i have worn out a lo

u.s. commerce secretary gina romano. there have been reports that she could travel to beijing later this month. we keep sending people to travel there to beijing in the aggression gets worse and worse. janet yellen went there and they serve to psychedelic mushrooms what does that say about the level and lack of respect that the communist party has for america. they do the ordering in the chinese restaurant in the order mushrooms that are hallucinogenic and cheats them. >> apparently the mushrooms lose their hallucinogenic properties when they're cooked and others have cooperated but must admit her trip more interesting, long strange trip to beijing for janet yellen. this is an embarrassing to some extent to send officials to continue to engage without a real strategy to have contradictory statements constantly not least of which janet yellen wanting businesses to engage not turn to slow down china economically not looking for economic advantages. this is going to be won or lost as an economic competition is geopolitical

u.s. commerce secretary meeting today in beijing attempting to improve communication on business and trade two super powers. the host of making money on fox business charles payne. let's play a little bit what she said. this is her today. >> we are not compromising or negotiating in matters of national security period. but this is meant to be a dialogue where we increase transparency and when we are clear about what we're doing as it relates to export control enforcement. >> dana: what is your take? >> it's ironic, since the balloon incident we've gone over the third high ranking official to go over there groveling. she is in china, china is not here. it's amazing because one of the biggest news announcements bass weeks didn't get enough coverage in my mind. the nations of china, south africa held a summit and invited seven other nations who have since said they want to be part of it. if they all join, these 11 will have 3.5 billion people control 80% of the world's oil. is strait of hormuz and so while china is dealing with some short term economic issues, they are still going about leadi

u.s. commerce secretary jenna raimondo speaking in china moments ago after meeting with the commerce minister. during the talks she revealed her trip was important to maintaining a stable relationship with china which she says is, quote: profoundly important. adding that it's a complicated relationship. it's a challenging relationship. we will, of course, disagree on certain issues. but i believe we can make progress if we are direct, open and practical. the chinese delegation agreed saying that the bilateral economic relations between the two countries is important for the entire world just don't drink the tea. chic chick-fil-a out honey pimento chicken sandwich. pickled cheese, ha piano j is silent. honey. you get one for $7.75. also a spicy version cost $8 so you drink more water. a frew sandwiches to try it on the set co cue the big shot of three of us. ainsley: what do you think? stove e. >> steve: honey gives it nice little tang to it. i know it's 7:16 at the top the chick-fil-a sauce. this is the best sandwich river had. >> ainsley: i didn't get to the jalapeÑo yet, how is it. >> steve

u.s. commerce secretary travels to china this weekend to meet with senior chinese officials and business leaderse met with the chinese ambassador on tuesday, the u.s. and south korean militaries began 11 days of large scale joint military exercises on monday. ten allied members of the member states, australia, canada, france, philippines will be looking at the exercises, and they were halted unt the trump administration and now seen as a deterrent to north korea and china. sandra. >> john: bring in republican wisconsin congressman mike gallagher, congressman, good to talk to you. you have written in advance of last night's debate an op-ed in the wall street journal you urged the candidates to talk about in china, it's an important issue. the wall street journal wrote this, china largely gets a pass from republican candidates. china largely got a pass in the debate that candidates mainly used the country as a way to talk about other issues, the glancing mentions seemed odd for a country that some republican members of congress identify as a threat to the united states. did you hear enough about c

u.s. commerce department says the number of people flying nonstop from the u.s.un. >> dropped slightly this spring compared to the same period a year ago. some travel companies in the region are temporarily lowering prices as a result. flights have also been dropping too. one possible reason is that mexico had few or pandemic travel restrictions and tourists were able to choose other destinations. once those rules east up. >> time now 7.56. coming up in the next hour. the kron 4 morning news. >> a father and mother pushing their daughter in a baby stroller in san francisco are struck by a suv daughter was killed. tell you more about what happened. and also santa clara county is testing out. some program said they're hoping are going to give people a stable income. we'll tell you more in a live report. plus, a teacher shortage affecting high school students in san francisco on their very first day back at school. we're going to tell yo eveverery y bubusisines dedeseservrveses a a g gre. ththatat's's w whyhy c comoms isis l lauaunching the mobile made free event. w

u.s. commerce secretary is in china for her four-day visit meeting with chinese leaders as she tries to easevisit? >> she's in a tough spot. she has to balance defending the biden administration's ban on u.s. venture capital investment in certain sectors while trying to show china how the two countries need to work together. the reality is, they haven't de-coupled. trade hit an all-time high last year. they did agree to a, quote, information exchange and to set up a working group on trade and investment that would include the private sector representation. neither plans to back down on their bans or restrictions. they did agree to host a gathering in china earlier -- or next year i should say, to promote the travel industry. >> what else is on tap for the secretary while she's in china? >> she has a list of leaders she's going to meet in the coming days. they are on a train heading to beijing -- or from beijing to shanghai. it's to boost trade and tourism. she has been the fourth biden cabinet official to visit china in the past few months. there hasn't been any reciprocation in terms of top

u.s. commerce secretary gina raimondo is in china for a four-day visit aimed at reducing tensions over taiwan. speaking from beijing after a meeting with her counterpart on monday, raimondo said the biden administration wants to maintain a stable economic relationship with china and more than $700 billion of mutual trade between the u.s. and china. >> the vast majority of our trade and investment relationship does not involve national security concerns. in this regard, and committed to promoting trade and investment in those areas that are in our mutual best interest. amy: and in colorado, the city of denver has reached a $4.7 million settlement with more than 300 black lives matter activists who were brutally arrested by police in the summer of 2020. the settlement was unanimously approved by the denver city council cited with protesters who said police violated their first amendment rights. the class action lawsuit accused denver police of using violent tactics against hundreds of protesters to enforce a curfew enacted in response to the massive racial justice actions following the police m

u.s. commerce secretary to be on the ground in china in more than five years.opened official communication. it's a huge deal. i talked to probably 120 business leaders myself before going to china across a range of industries in the u.s. i said to them, what do you need? what's productive? every one of them said, we are desperate for a channel of communication where we can have candid dialogue to resolve issues. the other thing, andrea, as you know so well, better than most, lack of communication increases the chances of miscalculation, increased tension, missed assessment. the chinese said that to me when i was there. they said, they don't want misassessment and m miscalculation. i'm going to put my back into getting the most out of the dialogues as i can. >> how do you trust them? you raised the issue that your unclassified emails were hacked by china. you raised it with them. how did they respond? >> with feigned surprise. i was clear. how can we build trust with instances like this? trust is hard. you know, trust is hard. i think we have to be eyes wide ope

u.s. commerce secretary arriving in beijing for a series of meetings this week with chinese officials and business leaders today, the secretary meeting with her counterpart to try tackling u.s. restrictions on u.s. businesses, which include intel and microsoft. the meetings come at the end of a rough month for chinese stocks the etf is off more than 11% in august on pace for its worst month since february and the large cap fxi down double digits both were down today so, what does that say for investors, as the two global powers meet? got to go to the ambassador, tim. >> well, first of all, she's the first commerce secretary to go to china in five years antony blinken was there earlier in the year. and the bottom line is, the diplomatic measures have almost seized up. so, the fact that this is being described as communication and just diplomatic dialogue to explain, hey, there's things that we need to do, we're not trying to keep china down in the world order. we recognize we are competing for certain things i think that's a great idea. i actually think diplomatic procedures and dialogue i

u.s. department of commerce went on to block plus -- blacklists i company. eaction out of the u.s. government that said it was not just that particular company but other companies as well that are already on the blacklists they continue to stockpile u.s. equipment and for equipment to stay in production and they are in fact supplying huawei with components or attempting to supply them with the component as it needs them. caroline: it must be hard for a lot of these companies right now? ian: where does the burden of proof live in -- proof live? it's hard to trace individual shipments and it's next to impossible. some of these chipmaking pieces of equipment's are worth tens of millions of dollars. there are not as many of those and they can track where they're going in what they're used for. nonetheless, because regulations are evolving and being tightened. this is a moving process. ed: huawei and other companies identified did not respond to request a comment. you noticed in your private reporting that it is been active on that active report and what have they

u.s. commerce secretary gina raimondo in china. eunice yoon spoke with her. eunice? >> thank you.lwind trip and described it as productive. here in shanghai she visited several locations that were examples of u.s./china cooperation such as china disney land, an nyc campus, and boeing. i asked her about the concern she expressed among u.s. companies that china is just uninvestable. she said businesses want to be here, they want to work with the chinese, but they're just feeling things are unpredictable. this is what she said. >> all of those regulations just make -- it's an unlevel playing field for the u.s. business. it's unpredictable. and so my message was there's a desire to do business, but we need predictability, due process, and a level playing field. >> reporter: i also asked her about cases like micron, intel, as well as china's export curves for metals important for semiconductors. i asked her about this as a possible chinese policy to retaliate against u.s. companies in response to her export controls, and this is what she said. >> i think that that retaliation, if it is

u.s. chamber of commerce. watch at 9:00 p.m. eastern on c-span, c-span now, our free mobile video out or online at spend.org. -- at c-span.org. >> c-span is your unfiltered view of government. we are funded by these television companies and more including cox. >> extremely rare. but friends don't have to be. when you are connected, you are not alone. >> cox support c-span as a public service along with these other television providers giving you a front row seat to democracy. >> next, a discussion about tax benefits for clean hydrogen fuel approved under last year's inflation reduction act. speakers talk about the ample mentation of new measures and programs created by the treasury department. this is one hour and 15 minutes. good afternoon. thank you. welcome, i'm shannon wolf, the vice president for institutional strategy. in case you did not know, rff is an independent environmental think tank focused on the environment and a thriving economy. thank you for being with us for this important conversation. the 45 hydrogen in tax

u.s. and china. commerce secretary gina raimundo said the two sides will broaden talks and hold regular conversations on commercial commerce issues. she says they will discuss export rules and restrictions on intellectual property including access to advanced technology. the agreement came after four hours of negotiations with china's commerce minister to reduce misunderstanding between the two nations. raimundo also plans to address concerns from u.s. businesses that are having problems operating in china. >>> open ai, the company behind chatgpt has made another big announcement. the rapidly growing tech giant announced chatgpt enterprise, specifically geared for businesses to use. it includes unlimited access to the chatgpt software and performs, the company claims, twice as fast as the standard version. openai said pricing for this plan will not be made public and will vary depending on the size of the company buying the program. >>> a staple of san francisco's downtown shopping scene has closed its doors

u.s. commerce department put huawei on its entity list in 2019.ng a secret network for chip manufacturers according from -- to a trade group. >> and we are watching for the market open across china. shares tied to the services sector in china emerging as a rare bright spot with consumers continuing to spend lavishly on food and travel. for more, let's bring in john chang. what can we expect from the markets after we saw that late market rally yesterday? yesterday, that rally in the afternoon was baffling for a lot of traders. people we spoke to were scratching their heads online there was such a search desk search. -- on why there was such a search. there are just speculations about why it jumped at the same time. all of the benchmarks have been oversold, so a rebound could be possible. amid the market gloom, we are seeing china's economy slowing down, but also seeing bright spots in certain pockets of the sector like chinese consumers not spending on big-ticket items like cars or home appliances, but a lot on restaurants and domestic travel. we a

u.s. commerce secretary, what are your expectations for this visit from the u.k.?ll, thanks for having me on. we are quite positive, quite optimistic, because british investor sentiment in china has been muted since the lifting of the zero covid policy. there were a lot of expectations foreign investment would float back into china but that has not happened, so the views of our members were articulated in our position paper in may, talking about conditional optimism, so optimistic about the broad fundamentals around china and operating in china but conditional on the chinese government delivering on key things, and up until now, we have had warm words of welcome but not so much in terms of actual action, so having the u.k. foreign secretary visit is a good step in the right direction, we feel, and brings the u.k. on part with european leaders who have been visiting this year, and as you said, something like four senior u.s. governor officials, gina raimondo wrapping up her trip today, so we feel everything is going in the right direction and hopefully we can move t

u.s. chamber of commerce. watch at 9:00 p.m. eastern on c-span, c-span now, or online at c-span.org. ♪ >> a healthy democracy does not just look like this. it looks like this, where americans can see democracy at work, where citizens are truly influenced. our republic drives. get informed straight from the sort, on c-span. unfiltered, unbiased, word for word. from the nation's capital to wherever you are. the opinion that matters most is your own. this is what democracy looks like. c-span, powered by cable. >> not to a discussion on the new green hydrogen tax credit program made possible through the 2022 inflation reduction act. to provide incentives to companies to jumpstart the hydrogen fuel industry in the u.s. good afternoon. thank you. welcome, i'm shannon wolf, the vice president for institutional strategy. in case you did not know, rff is an independent environmental think tank focused on the environment and a thriving economy. thank you for being with us for this important conversation. the 45 hydrogen in tax credit cons

u.s. chamber of commerce and who they are and what they stand for. anyway, about the specific things about drugs, -- think about drugs, his name is al, i want to give him a shout out. he is a term supporter, at least he voted for him once. when insulin prices were going down to $35, i know he has diabetes but i do not think he has insulin. he doesn't have it. i said look, he lowered the prices for insulin. he goes, well he didn't do a thing for me. i noticed several of them are for diabetes. he was complaining to me about the price of his medicines, but yet saying biden did not do anything for me. my point is to all of you term supporters out there, biden is doing something for you. this is just the beginning. vote for what is good for you if you are smart. i think that is it. thank you. host: is there anything on that you will want to pick up on? guest: i agree with the comment that insulin out of pocket caps were only benefiting insulin. that is why there are other provisions such as the inflation rebate, which we are not discussing in great detail

u.s. chamber of commerce. watch at 9:00 p.m.astern on c-span, c-span now, or online at c-span.org. ♪ >> a healthy democracy does not just look like this. it looks like this, where americans can see democracy at work, where citizens are truly influenced. our republic drives. get informed straight from the sort, on c-span. unfiltered, unbiased, word for word. from the nation's