bryce: there have been -- of wto. bryce: there have been quite a few obituaries written for the wto. beyond hispersist tenure, it will be in a more limited fashion and less capable locationsing become of the international trade world. vonnie: what is your best prognostication for what happens next? there are cases the wto was trying to consider. oftentimes, the chief is the least important in these type of scenarios. a lot of the work gets done by the second and third tiers. but how much does this demean morale internally? do a popularazeve chief? will people be affected by his leaving? bryce: it is an important factor, but certainly the coronavirus is a more salient factor in the paralysis we are seeing at the wto. they literally cannot have face-to-face meetings. if you told me six weeks ago that the organization would have and that its- director general would step down , i would have been shocked. and most people are. it is hard to put it what will happen next. vonnie: you could read it, if you were so inclined as

who else would pull out of the wto? >> well, listen, i think if the united states left the wto it would be hard for other nations and trading partners to stay in because our market is so critical. but the kind of people we need to be building alliances with. we need australia, we need japan, we need vietnam, we need taiwan, we need all of those nations to be economically independent of china. we need them to stand with us, and of course our european partners too. we've got to knit these folks together into new alliances, that of mutual trade fair to all sides and will help us stand together against china. >> martha: a lot of the countries you just mentioned are very up in arms over what they see as a real danger is lack of transparency in the early stages of this virus. before i let you go, they mentioned you by name in terms of sanctioning you. what does that mean in practicality? how would they do that to you? would it be against companies in missouri? how would that work? >> who knows. maybe they won't let me back in

we have seen growing tension between president trump and the wto, with president trump blaming the wto practices that do not benefit the u.s.. now we are hearing the wto chief is set to tell governments he plans to depart. and whatack to yvonne happening in china. china seems to be on very high alert, given we have the npc coming up at the end of the month. yvonne: they were just days away, and there is pressure leading up to this gathering after it was already pushed back because of the outbreak. now they are dealing with another headache with at least 22 infections across three cities and two provinces. one city is under a partial lockdown right now. rail services have been halted. residential compounds are closed off. schools that just reopened are closed again after six new cases of infections were found. these six people came into contact with a cluster, that went into lockdown on sunday. this has now become one of the biggest clusters that has emerged in months in china. these cities border north korea. there is no confirmed link between the latest cases we see and isolated count

i have been reaching out to the united states, reaching out through wto members in the last couple ofeeks to see how we work together to have more speedy recovery than perhaps if we were working individually. guy: let's pick up on that. so you have been talking to, i would have thought, ambassador lighthizer in the united states. one of your key jobs before the arrival of covid-19 was to try to put the 2018 trade truce that jean-claude juncker negotiated back on track. what is the tone of the conversation you are having with washington right now? is it m people to making -- is le toable -- is it amiab make that happen? what kind of feedback are you getting from washington? last fewarly over the weeks, people have been concentrating on trying to save peoples's lives, both in the european union and the united states. what we are expecting in the next two weeks to get back on track. the mandate that we have in the european union is to negotiate with the american administration based on the 2018 mandate that still exists. we have been making some progress in the early parts of 20/20, and

and the wto failed. let's not tether ourselves to it any longer.f the better. >> tucker: i'm just so fascinated by why things happen. why do you think, speculate just for a second if you would, why are people so invested in it? why did they demand this? >> well, the same people who who created the wto and were all for america's involvement and for having a seat in economic sovereignty, these are the same people who wanted to create a liberal universal empire. and have america be the world's policeman. they are the same people who sent our sons and daughters to die in these forever wars. the truth is the new model global economy was supposed to be all part of this liberal universal empire. well, it didn't work. it was never going to work. it was never good for america. and now we have to reform it did actually protect american workers and keeper security. >> tucker: once you start reframing things, is it good for the country that you represent? i think you come to different conclusions. like the one you've come to. a ton of for saying this. good for

i'm not happy with the wto at all either. you decide to fire the state general -- the general and the state department? pres. trump: i said, these are obama appointees. if you would like to let them go, i think you should let them

i think in terms of the action we are taking with the wto, we continue to lobby at all levels. turkish gowns. that represents a tiny proportion of the total and only a very tiny proportion of that was actually found to be defective. we're very thankful to turkish suppliers for what they've done. one area where thankfully have not seen shortages to date is on the supply of prescription medicines thanks to the so—called brexit buffer supplies built up in preparation for no—deal brexit. but given that this buffer only provides somewhere between 3—6 months of supplies, can the minister of state tell us how's the government getting on with replenishing these stocks from imports so that we don't experience any shortages once the brexit buffer starts to run out? we are active on all available fora to make sure that the uk supply of prescription and non—prescription medicines continues. my right honourable friend secretary of state has been very active for example with the indian trade minister following the restrictions that india put in place on the 3rd of march and getting almost al

s. has e effectively crippled t the wto's most powerful unit. apple it court refufusing. to giveve the green light to new judges the identity crisiss that though does go much d deeper than thths deteriorating relationship with washington. wco hasn't overseen any major global dealsls in yeas the dohoha round t to update inteternationall regulatioions floundered for over a decade withthout s success. many hundrd sixty four members including the u. s. members of the eu and japan. has called reforms to reflect in the mall trait spiral i w want hi thank you. as well as a shift in china as it did eco a give the china really deploy that it on the world stage. wto was low saw during the s. tradede war which now shshows signs of r re emerging d the e organizatition realllly ht waited mucuch during the coronoa virus p pandemic of the onset unisex global trade to drop by as much as a t third. this year. it is a careerer. from brazil he's due to step down in september twenty twenty one. he told members today leaving early would give them time to find a s successor before next year's

australia will challenge the move at the wto.hery: let's get you started on how the markets are trading. u.s. futures under a little bit of pressure, down 1/10 of 1% of the open. this after u.s. stocks jumped the most in six weeks during the regular session. it was a risk on trade. stocks finish at the highest level since early march. the s&p 500 saw gains in cyclical stocks that have been battered leg energy, autos, banks. more than 90% of the s&p 500 gained ground. more haven stocks did lag. the nasdaq rose 2.64%. we did get some comments from fed chair jerome powell before the hearing tomorrow. the fed prepared to use its full range of tools as the benchmark lending rate reaches zero until the economy is back on track. see how markets are shaping up in asia. sophie kamaruddin joins us in hong kong. soph? sophie: the bulls perk up in asia. we have futures pointing largely higher. nikkei futures fell somewhat but havens remaining under pressure. gold holding the biggest drop in a week, trading. oil opening higher, jumping 3.2%.

china invited a wto delegation, which included members from the united states.gues should play a very important role in alerting the rest of the world about the danger of this outbreak. so... victor gao, no—one is squabbling with those dates, that level of transparency certainly did take place, but we still don't know what the origin is? and donald trump today says he has seen evidence that it came from this laboratory in wuhan? talking about the wuhan laboratory, that was a china — france joint—venture to start with. and for many years that will hunt laboratory had very good cooperation with counterparts in the united states, including doctor fauci's led, it's called the united states national institute, niaid, basically. and i think there cooperation lasted all the way until very recently, that's a fact. and the china cdc had, doctor gao, talks to doctor redfield, the head of the us cdc, all the time since the beginning of this year. but do you think there is any evidence that will emerge that donald trump seems to be suggesting that he has seen evidence that

. >> we admitted china to wto december 11, 2001 you china would not have been admitted without our support. so we agreed and then they started cheating december 12th is still have intellectual property, not just ours but everyone else in the world they steal the intellectual property they subsidize substantially state owned companies some other companies throughout the world who don't have state subsidies cannot compete with them. for years they manipulated their currency they are trying to control the ceilings of the world starting with the south anchina sea and seizing islands that don't belong to them the next step they will try to militarized space. they u use the economic power as a weapon. my friends and allies in australia ask a reasonable question about the origins of c the coronavirus with covid-19 china has responded by saying we refuse to buy any more products. those are just the facts. now the managerial elites told us those entrenched provocations, deep thinkers of the world and the academics of the media, bureaucrats, those who think they are smarter than the rest of us, they

and then despite his policies on trade with that opposition of the wto there still has been some progress with nafta 2.0 usmca or the bilateral the question he hasn't articulated. and to keep the traditional forms of american foreign polic policy's every president from harry truman to barack obama operated within the 35 or 40-yard lines republican and democrats like. or president biden very much wanted. the problem to be reelected is the inbox because of some dynamics because of covid-19 and things this administration has done the inbox would be extraordinarily demanding for whoever is sitting in the oval office and, the time with us chinese relationship is in worse shape and those resources will be stressed because of what we are doing at home. i actually think it will be a difficult foreign-policy challenge for whoever sitting in the oval office next time aroun around. >> excellent question. next question. >>. >> i'm not hearing anything go on to the next question. >> richard that was spectacular. they are somewhat related so you said today very compelling in terms of america's role had

i have been reaching out to the united states, i have been reaching out to the wto members in the lastew weeks to see how we work together to have more speedier recovery than perhaps if we were working individually. >> you have been talking to ambassador lighthizer and united states. one of your key jobs before the arrival of covid-19 was to try to put the 2018 truce that jean-claude juncker initiated back on track. what is the tone of the conversation you are having with washington right now? is it amiable to making that happen? to putting the eu and u.s. back on a level playing field or more even playing field? what kind of feedback are you getting back from washington? >> over the last few weeks, people have been concentrating on trying to deal with saving people's lives, both in the european union and united states. we are expecting in the next few weeks to get back on track. the mandate that we have in the european union is to negotiate with the american administration based on the 2018 mandate. that still exists. we have been making some progress the early part of 20/20 and i am

it wasn't just our decision, but you know better than i do china wouldn't have been admitted to the wto without our support. we agreed december 11th, 2001, china started cheating december 12th. they still -- steel our intellectual properties, not just hours, everyone else in the world, they steal the world's intellectual property, they subsidize state-owned company so other companies throughout the world don't get state subsidies, they manipulated their currency. they are trying to control the sea lanes of the world, they are seizing islands that don't belong to them. the next step, they will try to militarize space, use their economic power as a weapon. our friends and allies in australia ask some very reasonable questions about the origins of the coronavirus and covid-19. china has responded by saying we refuse to buy any more of your products. those are just the facts. the managerial elites told us, a lot of the entrenched politicians, the deep thinkers of the world come the academics, many members of the media, the bureaucrats, the corporate phonies, the ones who think they are smar

if it's l00 and you kind of wto reed and you go and, look, there's frosted flakes in the cupboard, it's like so great. >>> what is the idea of the thing? well, things are bad. how can we make it worse? [ laughter ] why don't we put people that are already struggling with portion control -- [ laughter ] -- into some kind of debauched caligula food orgy. >> reporter: i know you love going out and testing material in clubs. how are you testing material now? >> i'm not. i'm not. i have no idea what's funny right now. no idea. >> reporter: at the moment, his audience is usually his wife jessica and their three children. >>> do you try material on your family? >> yes, i do. >> reporter: are your teenagers willing listeners if you try material on them? >> yeah, they'll listen. but they're not easy. because there's nothing better than to look at your dad and go, eh, i don't know about that one. >> the phones keep getting smarter. why don't we? >> reporter: seinfeld is hoping to take his new show on the road soon. >> you want bread? >> reporter: but for now that other show is finding a new audie

i have been reaching out to the united states and for the wto members in the last two weeks to see ifork together to have a more speedy recovery than perhaps working individually. >> you have been talking to ambassador lighthizer over in the united states. commissioner, one of your key jobs before the arrival of covid-19 was to try and put the thattrade truce jean-claude juncker is negotiated back on track. what is the tone of the conversation you are having with washington right now? is it amiable to making that happen? to putting the e.u. and the u.s. back on a level playing field, more even playing field? what feedback are you getting back from washington? >> over the last few week, people have been trying to deal with saving people's lives both in the european and the united states, so there has been a call in recent weeks. we were trying to get back on track. the mandate we have in the european union is to can negotiate with -- is to negotiate based on the 2018 mandate, and that still exists. we have been making some progress. the earlier part of 2020. i am looking forward to re-

karina: the head of the world health organization -- wto will quit early.e will step down at the end of marked byer a tenure attacks from the trump administration about anti-u.s. bias. washington says they have allowed china to get away with unfair trade practices for years. recovery from the coronavirus could take years, say the world bank. the bank of england says it is urgently examining unconventional policy measures as -- the drive -- virus will trigger a global slump. the u.k. leader boris johnson admits the country may not be free from the coronavirus for a long time to come as the death toll is the highest in europe. he says the -- he acknowledges the frustration of lockdowns but calls on the good sense of the british people to act responsibly. slash itsa is to forecast for the economy as a second wave of virus cases emerge. they will cut their projection of 2.4% growth this year after the economy contracted more than 1% in the first quarter this year. india is extending its locked up through the end of the month. it is asia's new virus hotspot. glo

of course every american regardless of where they live or what party they belong to, wants wto get back to normal as quicy as possible. if i remember that senate also wants to happen. it ice or window. making the wrongec decisions, about when where and how fast a week reopen could result in the loss of precious lives that could otherwise be saved and in the records of a covid-19 second wave, god forbid could be worse than the first. in order to make this decision was with the country needs guidance. of the nations of the medical and scientific experts. literally these are matters of life and death. and that is exactly why the cdc prepared this guidance. but the white house has blocked the release of the cdc guidance and reportedly so the president and his political appointees, can make changes to it. now as we all know, the president is not a doctor. i the president is not a scientist. many don't even leave his genius but he things he is. it has become painfully clear over the last two months, how unfamiliar he is with the disciplines of science and medicines. anyone who would say, drin

one of them should be this, the wto should be abolished.he global economy needs reform top to bottom to stop china's economic imperialism and secure the needs of american families and workers. part of the coronavirus recovery package could include some ways to hold china accountable as congress weighs what to put into the next package. >> there has been, not just a lack of transparency, but very aggressive attempt at squelching important information that could have prevented the spread of this disease had china been much more open and forthcoming with information. now they're caught in it and it is just going to bring on not just the wrath of the american people but the entire country, the entire free world. reporter: according to analysts at an investment banking company, congress is looking for ways to crack down on china. those ways could include limiting chinese stocks and bonds from u.s. indexes. forcing chinese companies traded on u.s. exchanges to follow u.s. accounting rules or be delisted and blocking u.s. federal pensions investin

invited who delegations which included members from the united states visiting china, visiting behind —— wtolar role in alerting the world about the danger of the outbreak. victor, no—one is squabbling with those dates, that level of transparency certainly did take place. but we still don't know what the origin is? donald trump today says he has seen evidence that it came from this laboratory in wuhan? i'm talking about the wuhan library, that was a china— francejoiner to library, that was a china— france joiner to start with library, that was a china— francejoiner to start with —— wuhan laboratory, which had very good cooperation with cou nterpa rts very good cooperation with counterparts in the united states as well, including doctor fauci's united states national institute, niaid, basically, and i think their cooperation lasted all the way until very recently. that's a fa ct. until very recently. that's a fact. and the china cdc had, doctor gao, talked to doctor redfield, the head of the us cdc, all the time since the beginning of this year. do you think, do you think any will emerge that

you have the u.n., you also have the wto, and then you have what are called the international financial institutions like the world bank and in the regional development banks. there's still much more i think that could be done that ought to have very mutually reinforcing programs so that when you're trying to help in the disaster or developing countries, that everyone is pulling together in the same direction. the u.n. secretary-general has made a start on that but i think there's more that can be done. and then speeders actually on the who. i realize i need to bring in some of the questions. you are kind of threat by alice with different approaches. the australians, my home country, they are saying the w.h.o. needs have inspection aye weapons inspection. the u.s. is withdrawing or pausing its funding. what does you care what you think needs to happen for w.h.o. to be most effective? >> well, at the i think the top priority is both debbie wichita everybody get to grips with the pandemic. we would like to concentrate on that at the moment but we do share australia and america and others

rules-basedpen, approach, fair competition and fair rules that can be implemented by the wto.partners. we want to do more of them. at the same time, there are vulnerable sectors that we have seen exposed during this pandemic, particularly in the health area. equally, the production of medical supplies that are important and essential for citizens. i think both of the european union and united states see this issue now, that you cannot just depend on one geographic location in the world and we have to diversify. we are going to do that, so is the united states. that does not mean we cannot do both. with the vulnerable sectors that we were dependent on in the context of a pandemic and crisis, but equally, we have to have an open, rules-based approach for the entire economy. matt: that was phil hogan, the european trade commission. the ecb -- commissioner. the ecb has responded to a german court ruling by criticizing its long-standing bond buying program by pledging it continue to do everything necessary to revive inflation. the bank's governing council took note of the judgment

maria: you know, it's interesting what has taken place here but the entrance of china in the wto washing done in good faith on the belief that maybe china would see democracy elsewhere and say, well, you know, what we like democracy, yeah, this would be good for our people and capitalism is okay even though we are a communist, but morgan that didn't happen, in fact, they've gone hard line the complete opposite so they have disappointed those that were encouraging the wto inclusion, isn't that right? morgan: you're right, maria, the third administration i've worked with. i've worked for democrat and republican presidents and i can tell you that until this administration both parties got it wrong for almost 40 years and it's not for lack of trying. i think it made sense to try to bring china into the wto at the time but what we have seen is what we had hoped to happen, when they did business with capitalist societies that they would open up, become more free but under general secretary xi that has not happened in china, in fact, we see that their being more belligerent around the world

experts about $900 million of china -- of barley to china and says it will challenge the ruling at the wto. canberra has been pushing for independent investigation into the origins of the coronavirus. international air travel is back, albeit in baby steps. planes are flying on a handful of routes as the industry reels from the virus. south korea and china have opened a tightly controlled corridor. the baltic states lifted restrictions last week and australia and new zealand are working on a resumption of flights. and china's most important political event of the year this week, i may need -- media reports of unspecified health issues. the billionaire has been a leading figure at the meetings in beijing where corporate and political leaders gather to debate targets for the year. he is said to be preparing to submit several proposals for discussion, despite his absence. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. ahead, foodll delivery services with bo

i have been reaching out to the united states and wto to see if we can work together and have a speedyy. to, i have been talking would have thought ambassador lighthizer. what are your jobs -- one of your jobs before the arrival of the coronavirus was to put the 2018 talks back on track what is the tone of the authorization with washington? is it amiable to making that happen, putting them back on a more even playing field? >> over the last few weeks, people have been concentrating on saving people's lives in the unitedn union and states. we are expecting in the next few weeks to get back on track for the mandate in the european union is to negotiate with the american administration based on the 2018 mandate very we have been making progress in the early part of 2020. i am looking for to engaging with ambassador lighthizer to make more progress. >> you visited d.c. several times during that time. one of the sticking points was agriculture. the u.s. wanted agriculture on the limit -- is it now on the table potentially? >> we continue with the mandate of 2018. we are both happy to do so.

brexit talks or post-brexit talks, and that , ins that there could be the wto rules on trade at the u.k.andhe u.k., the government has not backed down on its claim that it will ask for an extension of the transition phase. have an awful lot of negative --tors coming together, and francine: what happens to overall the deficit, jane? what happens after the 119? happens be honest, what then depends on the prospective news. tohink the market will start worry more if there isn't, particularly if the government is still under pressure for its handling of the coronavirus crisis. and also i think as we move into the middle of the year, as we willtoward -- the market be taking hold of the economic news, and there is quite clearly in the u.k. a significant reluctance of workers to go back to work because of this fear about coronavirus, and this perhaps is the most sensitive illustration of how badly the government has handled this. people in the u.k. are frightened of going back to work, of getting on the train. this is because of the huge amount of deaths and the lack of testing in the country. and

. -- the wto has allowed china to get away with unfair trade practices for years.eader carrie lam admitted for -- admitted her government mishandled chinese protests. a new report says there is room for improvement and carrie lam doesn't expect protests to die down anytime soon. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. itsy: india has extended nationwide lockdown while easing restrictions in certain sectors to boost the economy. countries laying out plans to ease further. let's go to yvonne man. spotountry is still a hot in the region. yvonne: the lockdown measures have been extended to the end of the month while easing or restrictions. this is what we heard so far. sports complexes and stadiums will be able to operate without spectators. allowedte travel not without a permit, but public transport, walls, sentiments, -- spots will tourist remain closed. they have 91,300 infections deaths as of0 sunday. some industries have

it is in the wto, that wto agreement. you are free to do that. from the hong kong point of view. a person living in hong kong, like me, retired. what are my choices? lifeld go on living my of these blackt, dressed rioters, hoodlums, who threaten my freedom in my rights . every weekend i do not go out without checking whether they are blocking any streets or whether they are having an upper in the shopping mall, where i want to get some supplies. if this goes on, there will be no future hong kong. in fact these people made it quite clear that what they want kong withto make hong them. hong kong ghost on the drain. the other choice is the central authorities come of the national people's congress will try to do something. laws whichnt the will protect hong kong from all these, all things i just stated, which will actually destroy it, our prosperity, and stability. , even if circumstances united states or trumps administration does anything, whatever they like to do, i do not think we will be any worse situation than allowing is hoodlums, black hood

possible sort of third way between a no deal brexit in december, which would lead us to trading on wto rules, or an extension, which is politically deeply unpalatable for the conservative party government. thelly with politics, it is art of the possible, so i wonder if some third way will emerge. but nobody is talking about that yet, and i wouldn't expect to hear boris johnson doing so either. he feels it is nonnegotiable for his core supporters. vonnie: i want to move to your ideas about globalization and the semi-normal that comes next, and particularly the difficulty for em countries. even just looking at brazil, we've had two health minister's in two months. that country is really in trouble. it look like for emerging-market regions in the world? tina: in a sense, i think it is important to remember that canceling everything and central-bank response, and writing checks in developed market governments has been the easiest part. there are the shock ways, second and third order effects, including political risk, countries that might decide to take it vantage of the preoccupation of w

if you are going to see effectively a hard brexit, a wto brexit at the end of the transition period, that would on --sly weig sterlingh obviously weigh on sterling. so it is going to be about assessing exactly what the benefits are of any given trade deal. obviously this is in the very early stages, so i think it is too early to say specifics, but clearly into q3 and q4, questions around brexit and how the u.k. deals with that. guy: dominic, thanks for your time. stay safe. dominic bunning, senior fx strategist joining us from hsbc. let's see what is happening more broadly in the market. here with the detail, taylor riggs. taylor: equity markets staged a late day rally, and that optimism is continuing into today's session as well. new york and california governors talking about marshall plans to reopen. you can see that throughout all of the markets. i want to talk about the 10 year treasury here. i mentioned yesterday we were highlighting the range between 54 and 78 basis points. a lot of this is coming on new treasury supply to fund a lot of the government stimulus programs enacted

the head of the wto is stepping down a year before his term expires.t is unprecedented and he called it a personal decision. acevedo has faced intense pressure from president trump. a bleak prediction for the restaurant industry. opentable is forecasting that one in every four u.s. restaurants will go out of business permanently due to the coronavirus pandemic. and walk-in customers from the network were down 90% from the same day a year ago. it is estimated that restaurants salesearly $30 billion in since march and 50 billion since april. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. romaine: we want to go back and talk a little bit about the economy and markets. we had the unemployment claim numbers in the u.s. more filed for unemployment insurance in the last couple of months then the entire recession we had in 2008-2009. our next guest says that a lot of the economic pain we are feeling right now could be relatively sho

have been involved in it for about 30 years area i was there lobbying for china's acceptance into the wtotting ready -- getting rid of the status in the 1990's area but china/u.s. relations are much more important on the national security front and on economic terms as well. so what i would be saying is that i think china does need to have a response to the u.s. government. but there's been action taken by the chinese government that woodes the one country, t systems that has served hong kong well as a financial hub, a rules-based economy, and i think it serves china's interest well, and action to undertake this new security law adds to a plethora of issues already in the relationship that are complex and challenging, from technology to trade, to hong kong, human rights, and other issues as well. lisa: uncertainty is the key word, and that was the prevailing sentiment among businesses and c-suite's when we saw trade tensions ramping up between the u.s. and china. now there's a question over whether the phase i deal is off the table come whether we are going to see the u.s. take azure's th

will not extend that transition phase, we've got to face the reality that there could be a return to wto rules on trade between the u.k. and the eu on jane refers next year. we will be coming up from a really deep, stark recession. yes, the government is our announced some sort of guidelines about the tariffs could be, but surely investors are going to be concerned about ueues atperwork, about q the border, and about tariffs as well. so the concern about brexit could hit the pound in the next few months. guy: let's talk a bit about the turkish lira. we have seen the turkish indicating today that banks do not deal with a series of foreign institutions. list.k ubs was on the the turkish lira is at a record low versus the u.s. dollar. does it have further to go? are we going to see new lows in place? jane: if it wasn't for the turkish authorities deliberately trying to make liquidity offshore quite difficult, i do think the fundamental suggest that the turkish lira can fall further. basically, we've got a country here where we have seen anna norma cement of interest rate. you seen eight str

i'm not happy with the wto at all either. you decide to fire the state general -- the general and the state department? pres. trump: i said, these are obama appointees. if you would like to let them go, i think you should let them go, but that's up to you. he's an obama employee. i understand he had a lot of problems with the dod. there was an investigation on him on the inspector general. i don't know anything about it. so i don't know him, never heard of him, but they asked me to terminate him. i have the absolute right as president to terminate. i've said -- i said, who appointed him? and they said president obama. i said look, i will terminate him. you have to ask mike pompeo. they did asked me to do and i did. i have the right to terminate the inspector general's. i would have suggested and i did suggest promotion all cases you get rid of the attorney generals because it happens to be very political, whether you like it or not. many of these people were obama appointments. so i just got rid of him. >> you got some critic

because republicans and democrats in years past have surrendered our sovereignty to groups like the wtothey in turn came to china and now were in this position where they built up their economies extension of american workers. and by the way, president trump now is ratcheting up the pressure. you saw the issue of the wuhan institute of by. [inaudible] he pulled their funding. he explained that position on trade and how it confronted china on trade in an effective way but here's what we should really do to ratchet up the pressure. instead of bailing out chinese businesses in the united states we should seize their assets and put them in receivership to pay damages to americans who have suffered at the cost of the wuhan virus. here's how we do it. first we passed the dn crenshaw tom cotton legislation to make china financially responsible and then when the lawsuits are ultimately filed to hold china accountable, you just don't let them continue to operate their assets and businesses in the united states you use the judicial process to put all of that in receivership. that will get china's

to want to have china investigate it and then some just want the wto investigate it.> yeah, right. >> here is the push behind the scenes. that is okay. it is about who was going to be the medical superpower. it is about laboratories around the world trying to dominate drugs, trying to dominate vaccine research. vaccine research is really dangerous. cold spring harbor laboratory has a study out there, not peer reviewed yet, mit and harvard support it, you know what, media? don't rule out yet this covid-19 virus did in fact break out of a laboratory. don't discount that story yet t could have happened. that is what is going on. dangerous safety standards at these laboratories doing this vaccine research. the president is now saying the w.h.o. is basically problematic here as you're pointing out colonel. he is agreeing to fund the w.h.o. now but only up to what china is paying annually. let's listen to this. >> china paid $40 million last year and we've been paying $450 million a year for many years. somehow that doesn't work out too well. i was thinking about bringing o

making an announcement on the world health organization shortly, probably next week sometime, but the wtoible. we have been treated very badly. i have been saying it for a long time, and we act on it. when i talk, we act on it. the world trade, they cheat aina -- treat china as developing nation. that is why china does not get a lot of benefits that the u.s. does not get. and the people sitting in the oval office should never have let that happen. i'm going to pennsylvania, yes. >> [inaudible] president trump: i do not know how they are counting. i never discussed it with them. death is death, we do not want people dying in our country, and we have done a great job. i tell you what -- what we have done on ventilators and testing -- except the press does not write it that way because you have all this fake news -- what we have done on testing, we have tested more than the entire world put together. the entire world put together, we have many more tests than they do, and better tests. the reason we have more cases is because we have more tests. we have done a great job. the men and women wh

one of the first things we should do is take away their status as a developing nation to be in the wtothis has gone on long enough. they are no longer a developing nation. charles: yeah. no, it's crazy how they manipulated that whole scenario. congressman crawford, thank you very much. >> yes, sir, thank you. charles: so, folks here is a question for you. are the globalists finally losing their grip, and is it time for them to make concessions? plus a lot of people see a strong rebound in the economy, including some that hate to say as much. i have one of the best ways, one of the best economists to walk us through the opportunities and challenges that face our economy for the rest of the year. ♪ ♪ don't give up ♪ i know you can see ♪ all the world and the mess that we're making ♪ ♪ can't give up and hope ♪ god will intercede ♪ come on back ♪ imagine that we could get it together ♪ charles: is this a say what moment any think it is. one the of the world's most well-known pessimist, depend who is in office, economist paul krugman is saying he is upbeat about the economy. in fact he told

with climate, dealing with iran, dealing with migration, you name the challenges, the reform of the wto so we would enter into either these organizations or reenter them as is or again use our entry as a lever for reform and that night work. with china i would say two things. but the way, to finish that one thought, it would take time. again, reliability, people have come to see us differently and a new president would have to, through day in day out actions, words and so forth, demonstrate that the united states was reliable and had become more predictable. in term of china i would say two things. i i would invest much more in a private conversation with china. when i was in government we often used the phrase, strategic dialogue but almost no dialogue that was called strategic was. you had dozens of people in the room and every agency was represented and you couldn't have a serious conversation. i think we need serious high level conversations whether it's the secretary of state, the national security adviser, the president, vice president, but sustained basis, and about what it is, a

or undo influence at the wto but it is clear in, to me at least, that something happened at that wuhan laboratory about the middle of october. there is public information out now that indicates that the level of activity there decreased dramatically from where it had been, like something happened and suddenly nobody wants to go into that lab for a while. i think that is pretty positive proof that this is a point we ought to be looking at. it was clear that the chinese would not let cdc in early. they wouldn't cooperate with us early and early was probably a whole lot earlier than we thought it was at the time. neil: looking back to even november, december, of 2019, senator. while i have you, sir, this issue whether our meat supply is compromised or even safe, the latest indication, a number of firms from tyson foods, a host of others, smithfield, they will reopen facilities but they're concerned. you have that in your neck of the woods as well. a few hundred workers at a, you know, a in buchanan county have come down with the virus. are you worried that food processing plants of any so

things going on the prices protesters were all down at the end of kids from the left who are at the wto are dead in seattle years ago and then you've got the right wing white supremacists but what i really liked it was totally hard to see on. fox news is that people understand that i am march the protesters are peaceful and i think but for the protest. this guy killed mister foye would still be free i think the fact that the number that night with the da said there wasn't were sufficient grounds to charge i just lost it i just started crying and screaming and i do understand the anger that people are out on the streets he hoped where we saw and murdered and the da said well i don't know if there are no charges. so i think people in the street and made a big difference and i think it's impressing itself on the consciousness of the country because everybody's watching this. we can't go anyplace everybody's watching even we are out of time i just want to ask you one real quick question you've no doubt seen the memes. >>of colin kaepernick taking in the side by side with the officer with hi

he did not threaten a 301 and so far as we know, hong kong's status as a separate wto member, with a currency that is separate from china, all remains intact, so the fundamental economics relationship between hong kong and the united states at least so far as i could see today remains intact. connell: for now, right? it leaves open the option for the president to do nothing. he could do nothing right? >> well i think that that is true. the president and the administration are in a little bit of a difficult place, in terms of how do you hit back at china without hurting the people of hong kong? there is no intention or wish to hurt companies or people in hong kong nor american interest in hong kong but that's a difficult thing to do, and so i'm very pleased that at least thus far, there have been no steps to hurt the people of hong kong and make it difficult economic situation in hong kong yet worse, but the administration will study this and no doubt take appropriate steps is in the mid-term. connell: do you have any thoughts on the relationship being terminated with the world health

high-end bike -- high-impact pandemic, reporting in september last year, this report published by the wtond world bank about a high impact respiratory pathogen that would have significant consequences. let's begin with your phone calls. we will get the connection fixed. lexington, kentucky, good evening. caller: thank you. thank you for everything you're doing. on higheruestion doses of fighting and see in the benefits -- of vitamin c and the benefits of that. i was also curious, you talk about the precautions of social are -- ig, no there know there are things you can do to strengthen your immunity and all that. how come they don't put that research out there more? more information for the future? host: ok. we'll go to rebecca. good evening. caller: how are you? host: we are fine. do you have a comment about covid-19 and what you're seeing in your community? caller: actually, i do. there was a crazy pandemic going and --018, h one in one, 1-n1, and i was hospitalized with symptoms. in this covid is similar to the symptoms i endured back then. i was wondering if there is a n1.nection with

we will firmly safeguard the multilateral trading regime, and actively participate in reform of the wto. we will work for the signing of the regional comprehensive economic partnership, and advance free trade negotiations with japan and the republic of korea as well as other countries. we will work with the united states to implement the phase one china-us economic and trade agreement. china will continue to boost economic and trade cooperation with other countries to deliver mutual benefits. eight. advancing the reform and development of social programs to safeguard and improve living standards despite the difficulties we face, we must unfailingly meet the basic living needs of our people and address issues of public concern. we will enhance the public health system. we will always put life above everything else. we will reform the system for disease prevention and control, improve mechanisms for direct reporting and early warning of infectious diseases, and ensure prompt, open, and transparent release of epidemic information. we will make good use of covid-19 bonds, increase inputs in

united nation and security council that things like the chemical weapons convention of secretariat and wtohas new forms of regulatory bodies. that said outside of the any one country but has a kind of power the international institutions did not have before. it's fair to say they were more directly under the control of the few nations are some nations now seen as the independent. just to give an example and then to reach an agreement about global warming would have both of these characteristics treaty to be effective would have to reach into energy production and use and the country the federal government doesn't regulate here at home related to the extent of home energy usage at the same time international institutions to decide how much each country was allowed to produce how much pollution it was allowed to make and then in violation to issue sanctions nobody would trust that if it was under the control of the united states of european union. it would lose its legitimacy unless you have the independent institution separate from the control of the nationstates. and the controversial all