does this mean, that the wto's trade back by the wto's rules was actually moving around to where it was needed. secondly you mentioned the agency of the trip earlier on. you talk about thiswaiver . of course it's a wto has more than 100 countries as members . as a waiver of intellectual property. so that they can have aspects of this manufacturer of the vaccines.we have other things of this school that if you do this it will get in the way of innovation. so what are we trying to do. actually there's an emerging consensus of all members now to take a discussion that we need a solution to the it problem. that people are dying, it's unconscionable. we should not solve it so i say to you that discussions are going on with transatlantic solutions and i think we will get to that. that will allow developing companies access to the trans- technology transfers and at the same time in a way that will those that have developed these vaccines that they will be protected. >> we do expect there will be people who will be quite cynical about what that solution might look like can you just explain what

and as _ dispute on this issue in the wto. and as you — dispute on this issue in the wto.ommerce — would like to thank the secretary of commerce and everyone else involved specifically— commerce and everyone else involved specifically with this for their tyler's — specifically with this for their tyler's efforts for the last months. this is— tyler's efforts for the last months. this is a _ tyler's efforts for the last months. this is a major step forward in our renewed _ this is a major step forward in our renewed relationship and many thanks for that _ renewed relationship and many thanks forthat. looking renewed relationship and many thanks for that. looking forward to working more _ for that. looking forward to working more on _ for that. looking forward to working more on this deal. thank you. thank ou, more on this deal. thank you. thank you. folks- — why did it take so long? you heard there from both _ why did it take so long? you heard there from both of _ why did it take so long? you heard there from both of these _ why did it take so long? you heard there from bot

into the wto. as executive director of the hong kong-based asia council, he co-authored through the eyes of tiger cubs. his other books have examined korea's economic development in the 1997, 1998 financial crisis. we will then hear from joanna ch u, a senior journalist and the author of china unbound, a new world disorder. reported and fiercely argued according to publishers weekly, the book details china's rapid international rise and the ways western nations have contributed to a state of disorder. she has previously served as bureau chief of the star vancouver. as a global recognized authority on china, the author of china unbound is a commentator for international broadcast media and was previously based for seven years in aging and in hong kong as a foreign correspondent specializing in the coverage of chinese politics, legal affairs for one of the world's biggest news operations. we will then hear from pastor roy. he was formerly the pastor of a church in london. he was formerly the pastor o

if you use the wto. the renaming of judges. there is not a commitment from the american side on whether they want the wto to be existing in the form that it has in the past. those are, for me, lost opportunities. you will not be able to tackle china all by yourself. there is common interest but you have to leverage moving forward. otherwise, it is close to midnight. >> quick rebuttal on that, and then we will turn to paul. >> i agree 100%. i mentioned earlier people are disappointed there has not been a greater chain from the trump administration to the biden administration when it comes to china policy. i agree with julian wholeheartedly. the only way to be effective here in bringing china to the table is with our transatlantic allies. we have not taken adequate advantage of that. i think this administration will, but we have not seen much yet. >> we are all sort of tiptoeing around the big issue, and that is the politicians. the problem in the united states is that the reward structure is entirely wrong for our politicians. y

arbitration process and the wto then ruled in favour of saudi arabia — sorry, not saudi arabia, qatarbia of essentially not charging and prosecuting the people behind beoth. and this was a big deal for the premier league. this was why newcastle — that stalled that takeover. it is a massive deal for the premier league because bein�*s contract, for example, is worth roughly £500 million, and that is a lot of money for the premier league. and when the newcastle deal became public, one of the first people to condemn it and also lobby the premier league and the uk government against this deal was bein sports. but then what also happened was in early 2021, we saw saudi arabia end its blockade on qatar. and as a result of that, what we also saw only last week was bein sports was allowed to air its games and its programming inside saudi arabia. right, so there we go. we should point out in this tit—for—tat in saudi arabia that saudi arabia has previously blocked the website of your title, the middle eastern eye, because of what they say are your paper's links to qatar. yeah. jim waterson, got

the wto said no.h 7, you can literally watch the wall of new infections that happened in india and the subsequent deaths and suffering for the next two months. it could have been averted by having that request honored. this is so reminiscent of hiv infection that it is a living nightmare to watch that 10 years and hiv when most of the problem within sub-saharan africa that we were still arguing over trips and patent waivers. one thing i want to say aut pfizer, pfizer excel life-ving medication -- makes a life-saving medication that was essential in fighting off aides. in the late 1990's, they made $1 billion in one year over this life-saving unique medication. this is not new. the problem is it is tragic and right now we're getting lots of boosters into americans arms so they can travel and not have a positive test. there's something incorrect going on here. our right. nermeen: kate elder, can you talk about one ever made earlier this week on tuesday, biontech's signing agrement with the manufacture t

he co-authored the wto director general and changing china world trade published at the time of entry he's the author of the greedy asia a business case for the environmental emergency. as the executor from the council he co-authored to the eyes of tiger cubs. mr. clifford's other books on asia have examined korea's economic development in the 1997, 1998 financial crisis. we will then hear from joanna, a senior journalist from the toronto star, canada's largest newspaper and the author of china's d new world disorder. doggedly reported f and fiercely argued according to publishers weekly the book details the rapid international rise in the ways western nations have contributed to a state of global disorder. she previously served as the bureau chief of the star vancouver as a global recognized authority in china the author of china unbound is a commentator to the media and was previously based for seven years in beijing as a foreign correspondent for asp, specializing in the coverage of chinese politics, legal affairs for the biggest news operations. we will then hear from pastor roy w

patent waiver which was first proposed over a year ago by india, sou africa, and backed by over 100 wtoember nations. since then, the world has recorded 3.8 million covid deaths. here in the united states, a food and drug administration advisory panel is recommending a third shot of moderna's covid-19 vaccine for people 65 and older, as well as those at high risk of severe disease and workers in high-risk professions. the recommendation on boosters came even as many scientists questioned whether the protection conferred by moderna's vaccine is waning. today, the fda panel will weigh whether people who've received johnson & johnson vaccines should get a second dose, and whether it might be advantageous to mix-and-match vaccines. president biden welcomed kenyan president uhuru kenyatta to the white house thursday for talks in the oval office. it was the first time president biden has hosted an african leader. the meeting came just days after a massive leak of secret documents known as the pandora papers revealed president kenyatta and his relatives stashed more than $30 million of wealth

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since their entry into the wto. and just like you do, comment on how do we counter what they have done? and how do we do that effectively? >> senator, thank you. i think it is a central question. we have to have a strategy to match china's strategy. i think that is beginning to develop over the last several years in the administration, the last three administrations. president obama, president trump and president biden. and as i said in my testimony, what distinguishing us and strengthens us is the fact that we have our alliance with japan. and our alliance with australia and south korea. and i've been involved in my past diplomatic career in intensive discussions with the europeans. i think they are less united perhaps than the european union right now but i sense that the europeans are shifting to understand the threat. the threat to them. as well as to us and our indo-pacific allies. i think operating on an allied basis is the most important thing we can do and sometimes that means we form institutions. so the qu

china then didn't meet its obligations under the wto. and who suffered?merican workers and american businesses. and you and i have met with a lot of american businesses who had their ip ripped off by the chinese and made their business decisions very difficult. so i do think at this point, in 2021, i hope there will be bipartisan support for a very aggressive american policy to hold china to account. and if you read ambassador tie's speech of 2 1/2 weeks ago, the u.s. trade rep, she was very clear about her determination on behalf of the president to protect american workers and protect american businesses. and i think that has to be the focus of our efforts right now. >> thank you for that answer. some of my republican colleagues actually have filed a bill to undo the legal permanent trade relations that we accorded china 21 years ago. it might be hard to get the genie back in the bottle because supply chains and others have sort of reformed and recombined to reflect the new reality. but i think with the best of intentions, there were a lot of optimism a

on c-span 2, financial leaders from the international monetary fund, the wto, and the world bank talk about the economic recovery. that is at 1:00 p.m. eastern. you can also watch everything online at c-span.org or with our free mobile app, c-span now.

new| concerned at all because new zealand already has six enormous capacity to exploit because of the wtother markets that they used to sell their lambs into so it is a complementary relationship and i am excited about it both sides. tell relationship and i am excited about it both sides.— about it both sides. tell us what you — about it both sides. tell us what you think _ about it both sides. tell us what you think about - about it both sides. tell us what you think about that. | tell us what you think about that. let's turn to the soaring cost of energy — because it's high on the agenda for european union leaders as they start a 2—day summit in brussels. the eu is heavily dependent on imported energy — much of it natural gas from russia. spain and france are among countries pushing for a co—ordinated policy on energy, including setting up a strategic gas reserve. simone tagliapietra is a senior fellow at the bruegel think—tank in brussels — where he specialises in energy policy. good morning. talk as to what spain is proposing. european leaders will talk about how to react to the curre

and working with allies, on both individually, in groups like the quad and with the eu, and in the wtoimportant is changing the playing field with negotiating with the chinese and in fact it is clearly administration made more progress on those two parts than on figuring out exactly what it is going to negotiate with the chinese about. given that background, where do you see trade relations, to be honest, all relations between china and the us going from here? i think what she suggested, trying to be balanced with the upcoming conversations, not even calling them negotiations, if she wants to have several months before talking to china about the purchasers and their commitments to make regulatory changes, as well as talk about chinese industrial policy, subsidies, and then probably sometime in early 2020 to come up sometime in early 2020 to come up with some verdict. it could be that that verdict is most likely to be negative, in that case we may see the us administration start to move more clearly down a line of investigation and potential penalties. scott kennedy speaking to us from

he voted to normalize trade relations with china and supported his entry into the wto that cost millions of jobs but some republicans, a lot of them supported it. now joe wants to cause more misery for all working americans by taxing and spending our economy into oblivion. what's even more worrisome is that joe manchin seems to be cracking. we predicted this. i knew it would happen. he open the door to $2.2 trillion in spending. what happened to 1.5? joined me now, former speaker of the house, also the author of the upcoming book. i always knew joe manchin was going to be a soft touch here. they showed up on the kayaks around his yacht and just completely melted. is there any room for hope here that this will blow up? >> it probably depends on whether or not they really committed and put their foot down. depending on how they design the bill, can they really guess with the left wants at 2.2 billion or whatever it is? the newsletter said there are no monoliths here. it's a choice between the timid and the bold big government socialist and then turns right around and proves what i was sayi

the united states is not doing anything to reform the wto.y are not participating in the principal trade agreement. we are hurting themselves strategically. for this rejection of localization. jonathan: great to have you with us on the program. helena croft, lisa mentioned earlier the comments from the energy secretary in the united states on the possibility of release from the strategic petroleum in america. coming across saying these comments were clearly aimed to try and incentivize saudi arabia and its opec-plus partners to put more barrels on the market. tom: it's like set your watch. i'll be honest. to me it's a sideshow. though we did learn decades ago. she says at some point as she calls it the central bank of oil will step in. jonathan: the remarks from her reflected growing concern a perilous run-up in prices could derail the global recovery. tom: they could also -- lisa: it also derail the 2022 chances. gas prices at $3.19 a gallon. morgan stanley analysts point out the reason gas prices are going up is because demand is going up.

while china certainly became part of the multilateral system, particularly with its ascension into the wtos ago, and this has been an avenue for an unprecedented historical achievement of lifting hundreds of millions of people out of abject poverty. one caveat i would insert is the u.s. should not expect china to become more like the u.s. china has a deep historical sense of identity. it is a civilizational state. it has absolutely no intention to become like the u.s.. dani: singapore's foreign minister speaking to us as part of the bloomberg invest mobile forum. treasuries are on a tear this morning. a lot of selling going on in the bond space. the five year yield has made a round-trip to pre-pandemic levels. it is at its highest level since february 2020, buying on the curve intensely on the long end. the 30 year yield up three basis points. we have jobs later today, expecting a positive report. the energy complex is moving higher as well. coming up, we will speak about oil heading for its seventh weekly gain, after the u.s. energy department says it has no plans to tap oil reserves. mor

decline then president biden himself, he voted to normalize trade relations china and supported the wtobut cost millions of jobs and some republicans supported too but now president biden wants to cause more misery for working americans by taxing and spending our economy into oblivion. what is more worrisome is manchin seems to be cracking. we predicted this, he opened the door to $2.2 trillion in spending. newt gingrich, former speaker of the house and author of the upcoming book beyond biden, rebuilding the america we love. i always knew manchin was going to be soft touch. they showed up in those kayaks and he melted. is there any room for hope that this will blow up? >> partly depends on whether they put their foot down. depending on how they designed the bill and get what the left wants, the newsletter said there are no moderates here, there's a choice between the timid big government socialist in the bold the government socialist and manchin proves what i was saying, there is no reason for him to be for $2.2 trillion. i saw a number this morning that president biden is an 18% appro

administration and working with allies on both individually, in groups like the quad and with the eu and in the wtochanging the playing feel and that we are negotiating with the chinese. in fact it's clear the administration has made more progress on those two parts then in figuring out exactly what it can negotiate with the chinese about. given that background, where do you see trade relations, to be honest, all relations with the us and china going from here? i all relations with the us and china going from here?— all relations with the us and china going from here? i think what she is su: nested going from here? i think what she is suggested and _ going from here? i think what she is suggested and trying _ going from here? i think what she is suggested and trying to _ going from here? i think what she is suggested and trying to be - suggested and trying to be relatively balanced about the two upcoming conversation with the chinese, she would even call them negotiations, she wants to have several months' time to talk to the chinese about where we are with regard to the phase i agreement both for

australian coal, a couple of wto cases australia has taken against china and vice versa.is where the trade issue will be worked out. it is possible trade ministers might meet, as to a rapprochement of any substantial kind, that is not in the near term. shery: richard mcgregor, always great to have you. france is returning its ambassador following the awkwardness of the pact between australia, the u.k. of the u.s.. using virus restrictions after october 11 after this date past the 70% double vaccination milestone. we heard that some of those numbers when it comes to attendance and occupancy will be lifted from the previous limit. we also have a cool story on the terminal. how alphabets sister is experiment in using its aircraft to deliver goods from an australian shopping mode -- mall. plenty more ahead. this is bloomberg. ♪ >> check at the latest headlines, ark moving to florida. joining the financial industries shift, will build an innovation center in the tampa bay region to retain and attract top talent. attacking amazon's videogame and streaming platform which, -- twi

while china certainly became part of the multilateral system in particular with the ascension to the wtoars ago and that this is been an avenue for an unprecedented historical achievement of listing hundreds of millions of people out of abject poverty. one caveat i would insert is that the u.s. should not expect china to become more like the u.s.. china has a deep historical sense of identity. it is a civilizational state. it has no intention of -- becoming more like the u.s.. shery: let's now get to the first word news. >> let's start with the senate leaders here in the u.s.. they have pulled the company back from the brink of default by agreeing on a short-term debt ceiling increased. a senate aide told bloomberg the plan reached between chuck schumer and mitch mcconnell raises the statutory debt ceiling by $480 billion. it allows the treasury to meet obligations through december 3, the day the short-term spending bill runs out. meanwhile, steve mnuchin is warning about the risk of reaching the debt ceiling and concerns that it could further fuel inflation. he told david westin the u.s

both individually, and groups like the quad in the eu and the wto.anging the playing feel and that negotiating with the charities. in fact what's clear is the administration is made more progress on those two parts then in figuring out exactly what it's can and negotiate with the chinese about. given that background, _ with the chinese about. given that background, where - with the chinese about. given that background, where do i with the chinese about. given l that background, where do you see trade relations to be honest, all relations between china and the us going from here? i china and the us going from here? ~ ., , here? i think what she suggested _ here? i think what she suggested and - here? i think what she suggested and trying i here? i think what she l suggested and trying to here? i think what she - suggested and trying to be relatively balanced about the upcoming conversations with the chinese, she wouldn't even call them negotiations is that she wants to have several months' time to talk to the chinese about where we are with regards to

whilst china certainly became part of the multilateral system, particularly with his assumption to the wtoew years ago, that this has been an avenue for an unprecedented historical achievement of hundreds of millions of people being lifted out of poverty. but one caveat i would insert is that the u.s. should not expect china to become more like the u.s.. china has a deep, historical sense of identity. it is a civilizational stay, it has no intention of becoming more like the u.s. yvonne: that was the singapore foreign minister. speaking with our very own haslinda amin. david: all right, we were discussing golden week. yvonne: it is not the same anymore. right? david: in what way? yvonne: you used to see people lining up at airports. but now you are seeing domestic travel, given covid restrictions and the fact that consumption is quite weak in china, it doesn't seem like the typical golden week. david: you flagged this earlier that this year was lower than last year and last year was also an aberration compared. yvonne: 550 million domestic trips. rishaad: stuck at home. it is also its own

going to change nashville's future because nashville center right here in the middle of what is going wtoome this big center of commerce and nashville is going to have the trade business, it's going to be absolutely phenomenal. then when the war ends the creeks are pushed out of alabama. the chickasaw's are pushedout of mississippi and west tennessee . so guess what? land, land, land. get over here and buysome. it's going to go fast . big investors such as james winchester from sumter county, john over sin from davidson county, andrew paxson and john mack l'amour from davidson county managed to invest in a great deal of acreage in west tennessee and they start selling it with the cotton gin and now this, you're going to see land speculation frenzy and of course if you're going to raise cotton you know what else is going to bring to nashville and the rest of these areas. larger numbers of enslaved people than ever had been expected. indeed, the market forslavery suddenly went up . a surplus of slaves in the area. now there's a demand for slaves here and slaves will be brought sthrough midd

happened after that, then what happened after that, the qatar a's, they then took this case to the wtois is a big dealfor the premier- a big dealfor the premier they, at my newcastle, that style that take a very. it’s they, at my newcastle, that style that take a very.- style that take a very. it's a massive — style that take a very. it's a massive deal— style that take a very. it's a massive deal for _ style that take a very. it's a massive deal for the - style that take a very. it's a l massive deal for the premier league because this contract, for example, it is worth £500,000,000, and that is a lot of money for our premier league. and when the newcastle door became public, one of the first people to condemn it and also lobby the premier league and the uk government against this deal was the sports. but then what also happened was in early 2,000, early 2021, we saw saudi arabia and its blockade on qatar. and as a result of that, what we also saw last week was being sports are allowed to air its games and its programming inside saudi arabia. , ., ., arabia. right, so there we go. i s

while president biden has supported the waiver of the wto, it is a question of extending political capitalforce other countries like germany and britain where the pharmaceutical companies are based that are making billions do the same. can you talk about what has to be don rep. omar: you are right. we do have to spend political capital on this. this is a catastrophe. vaccine apartheid is real. there are so many people across the world who are celebrating 5%, 10%, 20% vaccination. not doing their part and providing not just overall vaccination, but even boosters, which is happening here in the united states and which will expand. booster shots will not just be available for those who are at risk and older than 40. we are going to provide it to everyone soon and we are even providing vaccinations to young children now when so many people around the world cannot even vaccinate their most vulnerable members of their communities. yes, it is the right thing for the united states to spend political capital, to say let's come together as the world and address this pandemic that has been recognized

a very thin interface between, for example, the domestic trade ministry and the international wto, the ppoc and the imf and so on and so forth. that doesn't mean that we shouldn't protect our own interest in the united states. i think it's not realistic to expect china to move farther towards a rule of law. i think that the united states made -- a lot of players in the united states made the mistake of thinking that xi jinping when he took over his party role in 2012 was going to continue the reforms of the past, and that's turned out to be very much not the case. it doesn't mean that we shouldn't protect our own interests and i think the way we do that is through a lot of the financial measures that the congressman mentioned. i think that the sherman bill, law is very important there. i think it needs to be tightened and i think, ultimately, auditors need to be paid by some central fund rather than by the company so they stop seeing their interest with the companies. i think the fdr bill is a good idea. many measures particularly that the congressman mentioned to manage financial flow

we invite them in the wto. they start manipulating their currency.hong kong and we are like freedom sucks. >> greg: that is true. kat. is china just simply waiting us out? they don't have to do anything. we can just finish the job. >> like with a naval ship i was reading that article and it said there was a button that activated foam but nobody knew the location of the button. and i'm like there was a button? think about that. how many problems in the world can be solved with just a button. not that many. how? like that training. i don't have a military background -- freedom is not free. but i could have conducted that training. here's the button. at that ship is on fire, push it. >> greg: what does -- >> put a little post-it note. if ship on fire, push the spirit arrow. how do you messed that up? it seems harder to mess that up then to not to mess that up. >> greg: what is pushing the button seems somewhat oppressive? just the active pushing -- it's an act of violence. speak out its races. >> greg: and might even be racist. a lot of people were push

of course they didn't know what they were getting pill or a dummy pill and 3% of the people had the wto actually discontinued it. so it just means that, you know, the power of the mind and think a month side effects is really him impressive, but also that the side effects in general is going to be really, really. a low probability in this truck. if you think about one to 3%. one to 3 every 100 people will probably stop the bills because of potential side effects. all right. thanks a lot, doctor. we appreciate it. >> and we'll await for that pill. thank you. definitely think wow. we learned a lot think wow. we learned a lot will be right back. so in honor of my tiny tacos, i made tiny versions of us. i think they look great, right? i need new friends. try my tasty tiny tacos. download the jack app today. my delicious 15-piece tiny tacos with creamy avocado lime dipping sauce. get 'em regular or loaded for just a buck more. tiny tacos, great price. try my tasty tiny tacos and download the jack app today. >> oh my god. a walk-off >> and the giants. now their magic number is 2. it was bases

discontents in like 2002 and people have been talking about this from the beginning since people entered the wtout i think it's different now because you have geopolitics, china versus the u.s. trade frictions and then within every single country you have domestic labor changes and the way labor is valued and approached. in the u.s., this is huge. we are seeing it first hand here that worker shortages and the power of labor increasing will completely change the economics of everything here but that is happening across countries. so, i do think and maybe it is a bold prediction that we will not see the kind of h&m apple 2017 just perfectly operational supply chain where the world just magically works together. i do think that companies will have to completely rethink the way they approach the supply chains >> if that's true, that is a real scene in the way goods are made and distributed good to see you. thanks >>> now a troubling story out of missouri tuesday a reporter with the "st. louis post dispatch" alerted the state that social security numbers of school teachers and administrators were exp

that's an argument you hear, entering china's entrance into the wto. >> and you get some results. >>sly became fairer. >> i'm not explaining that we are satisfied with china. i'm just explaining that engagement is for us, for the french president, for all european countries the right approach. and it can give some reserves. let's just give two examples on the international taxation, china was totally opposed to the idea of having a new taxation system. finally they agreed on this agreement at the oecd level, clear evidence there is room for maneuver. second example, the question of debt. we succeeded in a common framework in this common framework, china is trying to abide by the rules and to engage, to reduce the level of public debt within the poorest countries in the world. we can register some limited progress, but we have to build on this limited progress. >> i want to ask about supply chain issues because, of course, america is not the only country suffering under these right now. just as our ports are clogged and backed up with container ships, et cetera. europe experiencing th

they didn't know what they were getting pill or a dummy pill and 3% of the people had the wto actuallyinued it. so it just means that, you know, the power of the mind and think a month side effects is really him impressive, but also that the side effects in general is going to be really, really low probability in this truck if you think about one to 3%. one to 3. and of every 100 people will probably stop the bills because of potential side effects. all right. thanks a lot, doctor. we appreciate it. >> and we'll await for that pill. thank you. definitely. thank while we learned a lot will be right back. >> another one too. the season for the job. >> a walk-off win in the bottom of the 9th inning after heart attack for giants fan of the beginning of this game. but it was a final a 5 to 4 and now the magic number is down to 2. so that means the giants can clinch the al west tonight if they beat the padres and the dodgers lose to the brewers. but let's just be concerned with ourselves, right. i mean, we just need to win the magic number so we can win the nl west, which would be great if w

today look, the global economic neoliberal model, that we basically got from china's interest into the wto is the following thing. lots of cheap goods, huge outsourced global manufacturing. very low labor power, in stagnating wages, and very low inflation. all of those things basically obtained for about 30 years. and that was the pact. you didn't get a lot to raise, huge inequality, but you can always get a big flat screen tv, and you can get all these goods. we are seeing the complete reversal of. that high amounts of labor power. worker shortages. wages going up. higher inflation. shortages of goods. the cheap stuff is not here, and i wonder how much, it's just a different model of with the economy might look like. >> it's interesting, i remember three years ago i wrote a piece this that america has laws its mojo. and i define mojo by business damien-ism, how many companies are being created. i measured by quit, so many people are quitting their jobs, to start something new. that's a measure mojo, i measured it by migration. how many people are moving. i said americans are not doing any

a very thin case between, for example, the domestic trade ministry and the international wto, the ppoc and the imf and so on and so forth. that doesn't mean we shouldn't protect our own interest in the united states. a lot of players in the united states made the mistake of thinking he didn't win when he took over his party role in 2012 will continue the reforms of the past and that turned out to not be the case. doesn't mean we shouldn't protect our own interest. i think the way we do that is through a lot of financial measures that the congressman mentioned. i think auditors need to be paid by some fun. i think it will be helpful. let us flauz and go questions. >> we're scheduled do go until 10:30. we're going to reserve time for audience questions. we're getting a few in. go ahead and submit them in you have questions. that's on the issue of allies and partners. the congressman highlighted the importance of cooperation with allies and partners. we have one of the ways to assess effectiveness of restrictions is the likelihood that allies and partners would go along with any decisions

china's entrance into the wto. trump republicans because of trump's stance on trade. >> it's an excellent book and so important to understand where we are right now as a country. it's called "american made, what happens to people when work disappears". farrah stockman, garages on the book and thank you for being here this morning. >>> we only have a couple of seconds left in our remaining moments. you've been working the phones and you just got a few cables from across the atlantic. your final analysis of the checked swing in the dodgers/giants game last night. >> i'm sorry you were robbed, clearly. that was a bad call. look, he stops. he doesn't strike. even i knew that. >> that's right. >> maybe. that's what they say in yorkshire. >> san francisco, the entire bay area was robbed. katty kay has spoken, the case is closed. mike, good luck tonight, i guess, to the red sox. thank all of you for watching this week. we'll be back with you on monday morning. for now, stephanie ruhle picks up the coverage. ♪ >>> hey, the

so a very thin base between the domestic trade ministry and the wto, the imf and the ctoc and so forth. that doesn't mean we shouldn't protect our own interest in the u.s.. so china moving towards a further rule of law -- a lot of players in the u.s. made the mistake of thinking that she jinping, when he took over his role, we've continued raw reforms of the past. that was not the case. it doesn't mean we shouldn't protect our own interests and i think the way that we do that is through a lot of the financial measures that the congress mentions. i think that the sherman bill and the pcop is very important there. i think that ultimately, ought to jurors need to be paid by some central fund rather than the company, so they stop paying their interest with the company. i think that the ftr bill is a good idea. many that the congressman mentioned, to promote congress commerce between the united states and china, will be helpful. why not pause there and let you ask a question. >> thanks, and. let me remind the audience that we are scheduled to go until 10:30, so we are going to reserve time,

while china certainly became part of the multilateral system and particularly with the ascension to the wtod that this has been an avenue for an unprecedented historical achievement of lifting hundreds of millions of people out of abject poverty, but one caveat i would insert is that the u.s. should not expect china to become more like the u.s. china has a deep historical sense of identity. it is a civilizational state. it has absolutely no intention of becoming more like the u.s. paul: the singapore foreign ministers speaking exclusively with haslinda amin. you can watch this live and see our past interviews on our interactive tv function, tv . you can dive into any of the securities or bloomberg functions we talk about and you can become part of the conversation by sending us instant messages during our shows. this is for bloomberg subscribers only. you can check it out at tv . this is bloomberg. ♪ >> there are very few jobs out there that when you're only 26 years old will put you in charge of 50 marines and millions of dollars worth of equipment. let you go out and try and chang

a very thin interface between, for example, the domestic trade ministry and the international wto, the ppoc and the imf and so on and so forth. that doesn't mean that we shouldn't protect our own interest in the united states. i think it's not realistic to expect china to move farther towards a rule of law. i think that the united states made -- a lot of players in the united states made the mistake of thinking that xi jinping when he took over his party role in 2012 was going to continue the reforms of the past, and that's turned out to be very much not the case. it doesn't mean that we shouldn't protect our own interests and i think the way we do that is through a lot of the financial measures that the congressman mentioned. i think that the sherman bill, law is very important there. i think it needs to be tightened and i think, ultimately, auditors need to be paid by some central fund rather than by the company so they stop seeing their interest with the companies. i think the fdr bill is a good idea. many measures particularly that the congressman mentioned to manage financial flow

china in the wto all the productivity and trade innovations and broken for now and then the correlationhanged here when the main enemy is deflation and not inflation. most of the last few decades trending lower what about this? in the process of breaking the uptrend? might change the way people set up portfolios in general sara >> mike, thank you i guess it depends on how long the inflation story continues. >> right. >>> the question remains will schools mandate shots for children we'll discuss what's at akste we'll discuss what's at akste with dr.y get headty candi i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones in business, setbacks change everything. i'm so get comcastthis. business internet and add securityedge. it helps keep your network safe by scanning for threats every 10 minutes. and unlike some cybersecurity options, this helps protect every connected device. yours, your employees' and even y