>> yes. >> xi will come. >> and president putin? . >> he has also said he will come. >> it would set up a showdown with president biden and other leaders opposed to russia's invasion of ukraine. ukrainian president volodymyr zelenskyy should take part in the summit. london's subway network largely ground to a halt today as workers went on strike. the lockout brought more disruption to britain's embattled transport system and forced many to work from home. national walkouts on thursday and saturday. demanding better pay and working conditions. the water level at a key german chokepoint is supposed to surge next week. that will make it easier for barges carrying important cargo to cross the waterway. low water levels have been hampering deliveries of commodities in europe through weeks, worsening the continent's water crisis. 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 am mark crumpton. this is bloomberg. >> welcome to "bloomberg markets

to work in manhattan and compared xi to a magician conjuring mao's spirit. >> xi jinping is trying tos another renaissance of china. he wants to achieve what mao achieved. he wants to be celebrated as this god-like figure like mao enjoyed in his time. >> it was by accident that he became a leading critic of the chinese communist party. in 2007, he was a law student in his hometown of shanghai watching a film online when a movie abruptly switched to footage someone secretly embedded depicting the tiananmen square protest. >> that is actually the very first time i know this exists. >> so wait. you're in law school in your 20s and the first time you're hearing it when it randomly is in a documentary you see? >> yes. thanks to some clever dissident who made this happen. >> your parents hadn't told but this? >> never. >> teachers? >> never. >> discovering the truth made him want to leave china. it wasn't just what had happened. it was how easily the history was erased. in 2009, he resettled to australia, gave up law and started drawing, despite no formal training. he eventually branched ou

he's talk to xi five times. it's not like he's afraid to pick up the phone and call president xi. answer, i'm sure that president biden will do that. i do want to stress -- i said it before. i think that your question begs me to say it again. the lines of communication are still open with beijing and we're still using them. you'll see that in days to come as well. that's really important. that's one of the reasons why president biden made that call a week or so ago. you saw it in the read-out to make sure that the lines of communication stay open and they are. >> gillian: you've been listening in to john kirby at the white house briefing the press corps. a lot of talk about russia's sentencing of brittany greiner to nine years. a lot of talk about china making aggressive moves against taiwan. let's bring in general jack keane, former vice chief of staff of the army, now chairman hoff the institute for the study of war. general a lot to unpack here. let's pick up where peter left off. you have china now simulating a blockade around taiwan. if you're the president, do you pick up th

did biden threaten president xi? he did not.ellectual property theft, unfair trade practices, treatment of the minority uighur community, no. joe got lectured by president xi come in on the other way around. wreaking havoc on the economy already struggling. joe biden is doing nothing to deter any of china's aggression. instead he is trying to appease communist with tariff relief. why would you benefit china at this time. even tried to distance himself, deploying a u.s. missile test. beyond pathetic, it won't work and will probably incur more aggression as we go down the road. china is now prepping for possible invasion of taiwan before the 2024 election. he won't even pick up the phone and have a tough conversation with his old friend, president xi. our very own peter doocy asked about this. >> president biden has known him for decades. he has a lot of free time in the residence this week. >> he doesn't have free time. >> he can't pick up the phone and call? >> he's been working through his illness, quite frankly, peter, so that

xi jinping has been clear they need more realistic exercises. so what's significant is the unprecedented scale. it's not only the live fire tests, the missile tests, but we also had 100 aircraft operating, ten destroyers and support vessels, nuclear submarines, all these different forces operating together in close proximity towards taiwan is sophisticated and complicated and meant to help them get to the point where they are confident that they can go an operation successfully against the island. >> and from what you can tell, does it appear to have been as effective as beijing might have hoped? >> as an outside observer, it looks like everything went according to plan. the missile tests, the missiles landed where beijing planned for them to land. in terms of the aircraft, they had a hundred different aircraft, fighters, bombers, early warning, air refueling tankers and they successfully conducted the operations they wanted to, which ranged in everything from joint reconnaissance to air superiority operations, refueling, and ground assaults. so

in 2015, president xi met with taiwan's president and they spoke of enhancing ties, something that is inconceivable today. deng's basic strategy toward taiwan was that as long as china remained open, dynamic and accommodating, time was on its side. taiwan would come to realize that there were many benefits and few costs to being formally attached to the mainland. but over the past ten years, president xi's policies have been to make china more closed, less dynamic and significantly less accommodating. nowhere is the latter policy been more clear than in hong kong, where beijing has reneged on virtually every important guarantee it made regarding the city state's freedom and autonomy. the results are plain to see in taiwan, in the 1990s, few taiwanese advocated for independence, and many believed reunification with china was inevitable. today, according to national university election study center, support for independence is much stronger, nearly doubling since 1997 the year of the hong kong handover, the most taiwanese hope for a continuation of status quo. people's sense of taiwanes

-- high are the stakes for president xi jinping?is is the year when he should ideally be trumpeting his successes. what he has done over the last 10 years. no one will doubt that he is getting a third term, that will happen. again he will not necessarily going to the party congress, he will go into it on the back foot claiming stability and trying to reach stability. he is up and a northeast providence where they are being pummeled by heavy rain. that is not causing power outages, it is causing crop damage at a time when there are food shortages. i lived there 32 years ago, it is highly industrial as well as highly agricultural. grading, crops -- grain, crops, fruit, he is a plot -- dealing with heavy rains and flooding to alleviate it. a difficult quarter for the provinces to do. where can he find some relief? we already have the reverse repo by the pboc cut on monday paving the way most likely for low prime rate cuts coming on monday. the one-year bench cut -- benchmark rate. and more on the five-year lending rate. that will help

is president xi in trouble?re with a country that some think is what america needs to do, that is write a new constitution. and he will speak to one of the top scientists responsible for the webb telescope and those awesome images it has captured. these videos show explosions that have happened in the last two weeks at russian military facilities in crimea, which has been occupied by russian forces since 2014. one attack at an air base destroyed at least seven russian warplanes. ukraine has claimed responsibility for that attack and two others according to an internal document obtained by cnn. is this evidence that kyiv is launching a counteroffensive against russia and could it gain back territory illegally overtaken by moscow? joining me now is retired u.s. army general mark hurtling. and general grks tohave good to have you on. >> great to be with you. >> let's talk about the attacks inside crimea, this territory has been controlled by russia for some eight years now. does ukraine's ability to strike behind r

is president xi in trouble? >>> then, fareed will be back late we are the story of a country that is trying to do what some think america needs to do. that is, write a new constitution. and then he'll speak to one of the top scientists responsible for the web telescope and those awesome images it has captured. >>> these videos show explosions that have happened in the last two weeks at russian military facilities in crimea, which has been occupied by russian forces since 2014. one attack at an air base destroyed at least seven russian warplanes. ukraine has claimed responsibility for that attack and two others, according to an internal ukrainian government document obtained by cnn. is this evidence that kyiv is launching a counteroffensive against russia? and could it gain back territory illegally overtaken by moscow? joining me now is retired u.s. army general mark hurtling, a national security and military analyst for cnn. good to have you on this morning. >> great to be on this morning, jim. >> first, let's s

xi jinping has for his unprecedented third term. david: all of that on deck. certainly the challenges of the chinese economy. all well known, the solutions are bit more tricky. we saw with the collapse in bond yields this week, slightly down, equity markets down a 31% here, we also getting -- down a .33 of 1%. i really live session on wall street overnight, futures session still under pressure. lots of news out of indonesia. >> certainly, particularly when it comes to how assets are faring so far this morning. it is slow going, we are seeing a higher of 151%, -- higher .2% , there could be a tax on nickel that could act -- effector exports. the stronger dollar store is a big part of it as well. nickel futures lower by 1.2%. here is more from mr. joko widodo. >> you talk about putting a tax on nickel production the next stage up, will that happened this year? an export tax on nickel products? >> it is possible to impose it this year. >> really watching nickel producers, what this means for the ev supply chain the whole world trying to capture supply during the

the truth is that prison xi _ tensions. the truth is that prison xi jinping _ tensions.lso i prison xi jinping is also change the game plan. previous —— president xijinping. for resolving the taiwan issue, he has up the scale of the intensity of military operations and around taiwan and the level of economic reach is not significant. the us is pushing back and of course, my argument is to preserve strategic stability in the taiwan strait. we need to do is do everything we can to preserve the status quo and my argument is if you don't do that, you don't do that by messing around with the one china policy. that's why i've never been a fan of speaker pelosi's visit because it upsets the symbols of the relationship and the subject of what we should be doing in relation to taiwan is continuing to augment taiwan's ability to deter a future military strike from china. is military strike from china. is a military strike from china. 15 a geopolitical di5a5ter military strike from china. 15 a geopolitical disaster is avoidable and you are: get managed strategic competition. what d

john: jokowi: xi jinping will come. john: and vladimir putin?owi: president putin has also told me he will come. john: american investments in indonesia over the past five years is $9 billion. china has invested $40 billion. we have a chinese car factory around the corner. china is buying up a lot of the refineries to make precious metals, america at the moment is limiting the battle -- losing the battle for hearts and minds in indonesia, but also southeast asia, do think that is fair? john: jokowi: indonesia wants to be friends with everyone. we don't have problems with any country. each country will have their own approach. each leader has their own style and approach to bring investment. it should not be a problem. but now what is needed by indonesia is investment, technology. that will change our society. francine: that was the indonesian president speaking to bloomberg's john micklethwait. let's get to the bloomberg business flash. laura: european national -- natural gas futures added to their gains. the benchmark settled at 241 euros per m

this is not the year xi jinping wanted to have it.tarting with the war in ukraine, a significant economic softening, in large part the result of policy decisions. there are not structural forces the pressing economic performance. these are boneheaded decisions. what is this going to lead to in terms of the 20th party congress and beyond? xi jinping will remain in power, but right now this is shaping the choices of personnel. there is probably a stronger bargaining hand for those looking to move their people into the bureau or central committee as opposed to xi jinping being able to run the deck. this is shaping the conversation about who will be premier in a different way than would be the case six months ago. xi jinping is 70 years old. he's pretty set in his ways. i would not expect a different policy approach. shery: what do you make of washington's messaging? jude: it's a mess. i have to say, the best reassurance we could make to beijing is to have a clear message across the u.s. government without these wide deltas and swings. it

three of the seven, which includes xi will be replaced most likely.keying for position and all that is going to be taking place behind the scenes. we really want to know if some of the pressures on the chinese economy, now that xi will likely secure the third term, will some of the pressures he initiated on the chinese economy, whether it is the crackdown, on energy, the property sector, the tech platforms or the overarching covid zero policies, will start easing now that he has secured that position that he so desperately wanted most likely will get. keep in mind, what we look at the crackdown on technology, you look at these numbers of youth unemployment, up to 20% of chinese age 16 to 24 are out of work. another 11 million new graduates are hitting the market this summer. that is a big societal pressures of all the mortgage boycotts, that is representative of his own policy. he has not societal pressure and covid zero, that applies to everybody in china. lots of issues, not to mention issues with the u.s. and taiwan. haidi: some of those issues per

i think again, that's a question better put to president xi and the p.r.c.chairman milley talk about this, even before we were talking about a potential visit by the speaker of increasing aggressiveness by p.l.a. military forces in the region alone, violations tin air and sea space across the strait, more aggressive and proximate military exercises. and of course, in their rhetoric. this has been going on now for months and if you really want, you can go back years in terms of chinese coercion and intimidation tactics, even just in the military environment in the south china and east china sea. so it's been building. i can't account for why they have answered just the possibility of this visit in the manner in which they have done. i can only account for president biden and for this administration and for how we are trying to manage tensions and quite frankly, manage this, one of the most consequential bilateral relationships in the world, and that is by making it clear what we are seeing, sharing it with you, making it clear that there's no reason for whate

well, if china was to send xi to mexico, the j china was to send xi to mexico, the us would _ china was, as it did in 19 62 when the soviets placed did in19 62 when the soviets placed military— did in 19 62 when the soviets placed military build—up in cuba. so let's be sensible — military build—up in cuba. so let's be sensible and realise we are dealing — be sensible and realise we are dealing with great powers here and spheres _ dealing with great powers here and spheres of influence. you can openly say you _ spheres of influence. you can openly say you don't agree with what is happening in hong kong. you condemn what is _ happening in hong kong. you condemn what is happening with the uighurs, but you _ what is happening with the uighurs, but you need a sensible policy towards — but you need a sensible policy towards china based on three things — competition, cooperation and confrontation depending on what issue _ confrontation depending on what issue you — confrontation depending on what issue you are dealing with. and you have also— issue you are dealing with. and you have also got t

coming up, xi jinping and vladimir putin will join the summit this november.ore from our interview, next. this is bloomberg. ♪ manus: it is "bloomberg daybreak: europe." i am manus cranny alongside dani burger. preparing for the 20 summit. it is confirmed to bloomberg that xi jinping and vladimir putin are planning to attend. he spoke to bloomberg's editor-in-chief. >> the rivalry of the big countries is worrying. we want things to be stable and peaceful. this is not only in indonesia. asian countries also want this. this visit did not help stability. >> what we really want is stability. key stability. >> there is a concern that if there is a conflict in taiwan, it would spill over into the south china sea where there is territory that china can contest. in indonesia ready to defend themselves? are you ready for that conflict if it happens? >> we want the region to be peaceful. it should not come to the point where tensions arise and affect economic growth and the well-being of people. in my opinion, it is very important that there is a space for dialogue. esp

i want to -- xi jinping.tion the pboc governor is a very important position and he could very likely be out. if you want a continuity candidate, liu he could reap -- could be replaced by the deputy governor. that is the way it usually works at the pboc. shannon studies at harvard and studied at cambridge and could be considered a continuity candidate. >> what about the pmi's later today? more into a slowing economy? stephen: absolutely. we got pmi's, the official ones yesterday. they were less than expected. the official pmi was a little better than the consensus estimate. again, it was below 50, indicating contraction. the chinese economy in august is continuing its downward slope from july, which the numbers indicated was slowing down from a pent-up demand boost we saw in june. the manufacturing pmi will be out this morning. it represents a, private manufacturers. that is the consensus estimate, right at the line between contraction and expansion. bloomberg economics expects that number to be lower. a littl

he let xi jinping try to move the goalpost on our relationship with taiwan.orried because of president biden's weakness, that once xi jinping secures another term, he go for the jugular with taiwan. the most important thing biden can communicate to xi jinping at that meeting is we'll not stand by if they try to forcibly annex taiwan. >> we have had some success in kherson, moving on the offensive. but the ukrainians say we are giving them enough weapons to survive but not win. maybe jake sullivan and the state department will say we are done, the russians can keep what they have got. does he have a reason to fear that? >> the ukrainians do have reason to fear joe biden will get cold feet. the biden administration busy anotherred around with ukraine. once they started sending weapons and it was clear we faced a from digital artillery battle, they didn't send them the rocket systems they needed. and they are still doing it too slowly and there are too' restrictions on ammunition. ukraine wants to defend their own territory and fight their own war. we should arm

xi chose the military path for china.es was on yesterday. he portrayed the nightmare scenario. if china takes over taiwan, this whole area and south through the south china sea will be off limits to the u.s. military. that will be really, really bad. >> right. we have to get defenses into taiwan now. china is not ready to do this seizure right now. they are trying to show they are closer. they are not ready. we still have time to do deter but we have to make very strong policy to deter this and make sure this is the worst we ever see. >> john: great to see you back. one crisis after another. >> anita: the concerns over china go beyond the military. the communist nation dominating the u.s. in critical areas. adding to that republicans say the democrats social spending bill will widen the gap even further. fox news live on capitol hill with more. hi, grady. >> manufactures say the tax provision will hit them. over the next decade the bill would reduce economic output and eliminate 30,000 jobs. that's a big concern for congr

the visit comes just ahead of china's national people's congress this fall where president xi expects to be nominated for a third term. that outcome is not in any doubt but what better way to silence the growing domestic criticism than find an excuse to bang the war drums with america. the visit underscores at a dangerous time where it's a risky ambiguity of u.s. policy towards taiwan. this country would go to war with china over the island rests on something of a fiction. americans don't seem to be much of a mood to get into a conflict with nuclear armed countries. with the u.s. weaker than it's been for many years, a move like this by the speaker risks tempting china to seize the initiative. it's not actually to invade taiwan and perhaps to place the island in a tight vice. pelosi esthete reigns leading cal performance known to be making matters worse for everyone. joining me with columnist miranda divine. let me start with you you, miranda. bold move in defensive leadership oris i can move? >> hi, gerry, you said it very well. this was the height of self-indulgence and self-obsessi

xi jinping is 69. there are two other members above the retirement age, number three and number seven. the big question, will xi jinping use the mandate developed of the last 10 years to put his people in place? kathleen: china's biggest banks have been suffering saw earnings after being roped into help the struggling economy. would've we seen so far? stephen: absolutely. the property/banking sector is the most exposed industry to the property sector. that's going to be a big challenge going forward. you've seen the big banks being roped in to help support stabilize the economy. that will cut down the net interest margins. the capital constraints adjust as they are being asked, strong-armed for an economy that does not want to borrow. especially to the property sector. three of the big four reported yesterday, the top of the pyramid, net income up 4.9% seems to be ok. property, nonperforming loans up 5.47%. the bank of china, net income up. china construction bank up 5.4%. the industry nonperforming lo

i don't see xi jinping bluff being this. to lead to military conflict, but there are many, many things that china can do short of military conflict that's going to escalate tensions. >> the white house is trying to understandably bring down the temperature in all their public comments. they say they're unsurprised by these military drills and the warnings coming from china. asked if the u.s. and china are now on the brink by this morning, the president's spokesperson said no. let me play that for everybody, what he said. >> no. i don't believe so. not at all. look, we knew that the chinese were going to react this way. we could see it in the rhetoric leading up to the visit. frankly, we've seen them do some exercises, we've seen some flying along the median line of the taiwan strait. all of this is of a playbook, exactly what we expected them to do. >> they say they're watching this closely. what's -- is anyone giving a timeframe of how long they watch and when they'll know if things are getting too hot or they're cooling do

why is xi jinping making this something of a showdown?es president xi still insist on unsustainable zero covid policy that impacts hundreds oh of millions of people for a handful of cases? that's xi jinping's directive. taiwan is a small island with about 25 million people. smaller than the population of shanghai. but taiwan is the world's only chinese speaking democracy and has friendships with strong and larger democracies with big armies like the united states. but the open question, and the unknown question on the streets here in taipei, what would the u.s. response be if china made a move? publicly, the taiwanese president has faith that the united states would defend taiwan. but a lot of people on the streets say they're not so sure. >> david, what are you hearing from the biden administration? what does this visit do, and almost to the question of, will this -- what does this do for the tension that clearly already exists between president biden and xi jinping? >> well, the biden administration clearly wishes that this would just g

the joe biden challenge president xi on on covidjo and the liese of china. no, he did not to the extent he needed to intellectual property theft, no unfair trade practices, no treatments, the minority legal community, no flying jets over taiwan. un noit joe got lectured by president xi, not the other way around.th now, any conflict between china and taiwan would cause a mass casualty situation, would wreak havoc on the global economy already struggling. joe biden is doing nothing to deter any of china's aggression. instead, he's tryingdeteny to ae communists with tariff relief. why? why would you benefit china at this time? and , you know, naive words about one . china even tried to distance himself from nancy pelosi'sev trip to taiwan and just deployed an important us missile test. this is beyond pathetic. p it won't work and probably it's going to incur more aggression as we go down the roadwe according to g a new report, china is now prepping fors a possible invasion of taiwan before the twenty twenty four election. joe biden won't even pick up the phone,

i think xi jinping's plans didn't change.e same and he may use this as a pretext to mess around for a while. what we can't do is be on defense. we have to demonstrate real american resolve. if we do that, we can push back about the ccp's threats on taiwan and the homeland as well. >> martha: it's interesting john kirby said we will continue to manage what beijing decides to do. roughly. >> yeah, that's backwards. should be the chinese communist party fears what america will do. something that can put the chinese communist party at an enormous risk. we should pressure the chinese communist party and convince them not to behave in the very ways that we've seen them behave, martha. >> martha: thanks, secretary pompeo. >> good to be with you. >> martha: good to have you with us. that wraps up "the story" for this tuesday, august 2, 2022. "the story" goes on. i'll see you tomorrow morning bill hemmer at 9:00 and then again here at 3:00. thanks for sharing your time with us. look forward to seeing you tomorrow. have a great day, ev

and, of course, xi makes mistakes as well. the more he issues threats, the better america's going to look. if you live in korea or japan or india or australia or new zealand, you should be thinking, uh-oh, we could be next. unless that is the americans are strong enough to hold them off. so this isn't a day for hand ringing, not even a day for recriminations against all those politicians, you know who you are by the way, both parties who the whole china situation. today is a day to come to terms that president xi and the ccp are the single most dangerous threat to us and the world and it's time to change course before it's too late. and that's the angle. >> all right, joining me now is gordan chang, gain stone institute senior fellow and author of the great china tech war. gordon within the last hour or so we learned that pelosi visited parliament and did meet with the taiwanees president we haven't seen a response from china yet but will they ramp up the threat and will those threats turn into real action? >> china has to do

greg: between biden and xi? minimal.d a phone chat about a week ago, but i think there is a minimal chance for any kind of reconciliation right now. i worried about in the next 72 hours chinese military exercises in the strait of taiwan. that could be viewed as fairly provocative. kailey: we already had reports of a chinese military aircraft flying over the taiwan strait. we are watching images of the plane just landing at taipei's airport, where we expect house speaker nancy pelosi, who i believe we are seeing an image of, to deport as she makes this historic trip to taiwan, the first on the u.s. house speaker will have landed and set foot in taiwan since 1997, 25 years since this has happened. we are looking at a number of people getting off the plane now. greg, obviously this comes in contact of a war still waiting in ukraine and china has not participated in the global effort to ostracize russia. you've seen the u.s. coming together with its allies in that effort. is the u.s. alone in this fight against china, or thi

also president xi said the tone as well in the readout of cherries afterwards president xi said he describedto characterise relations as one of competition. instead it should still be one of cooperation on many, many issues. i think that tells us that if competition is not what china wants, let around confrontational war. china wants, let around confrontationalwar. i china wants, let around confrontational war. i think all the officials working underneath xi will take a page from that and try to at least sail into how much it will escalate militarily and tried to keep attention at optimal levels. keep happy but not too much for her and her attention and too much international pushback. i and too much international pushback— and too much international -ushback. , pushback. i find it interesting that picture _ pushback. i find it interesting that picture that _ pushback. i find it interesting that picture that you - pushback. i find it interesting that picture that you are - that picture that you are painting with that description that you have. what do you expect of the next couple of daysin

but how now, if ors n. -- in fact, that's xi jinping's play, how should the u.s. plan for that?> yeah, great question. and and what we should be doing, i think have we learned manager from afghanistan. where we had the russian dictator provocating for years that ukraine is a part of russia. i'm sorry when i mentioned afghanistan, i'm abe ukraine and russia. and the fact is, you know, he flagged that and we dismissed it as not taking him serious. and now here we are. and we're trying to provide all the arms and ammunition to ukraine after the invasion as opposed to before it. as opposed to to taiwan, we have a huge opportunity to stiffen their resistance by getting them arms, ammunitions now and accelerate that. and also we self-defer and self-censor ourselves, arthel, and it's outray juice. we don't send our military leaders into taiwan to coordinate defensive plans that we have in taking care of taiwan in the event of an attack. we have war plans, obviously, the president has to make a decision to execute it, but we're not practicing any of that with taiwan. and that would be a

xi is going to be looking to secure a third presidential term.cally, china needs to appear very strong right now. xi needs to appear very strong. that is a thing that concerns biden administration. they are fearful that any chinese response would have to be seen as muscular, as robust and that's where things could get dicey. that's where miscalculation comes into play potentially. >> when china looks at this and nancy pelosi shows up in taiwan, what are they worried that taiwan is taking from this? what do they worry it might embolden taiwan to do in the coming years? >> right. so when you have pelosi visiting and speaking with these high level taiwanese officials, their concern is it bolster's desire to be independent. to really be separate from china. that is exactly what china doesn't want. i think the thing that the u.s. government officials are concerned about here is the fact that china has had a record number of fighter jets go into taiwanese airspace in the last year. so they could do something like that. they could do something even as s

some useful things about this display of anger - for xi i about this display of anger — for xi jinpingarty congress coming up, he is consolidating his position for a third term in office, and who knows what after that? it demonstrates to his home front that he is defending china's interests in a highly nationalist atmosphere that he's done a lot to create. so if you create a nationalist atmosphere, you have to live up to it. if you define the us as your principal enemy, then you have to respond when something like this happens. and finally, if you want to intimidate the taiwanese, putting effectively a military blockade around the island and constantly probing into the airspace and provoking their defenders to have to respond, you test the defences, intimidate the population, and you look like the big man in town. nancy pelosi could be described — big man in town. nancy pelosi could be described as _ big man in town. nancy pelosi could be described as possibly _ big man in town. nancy pelosi could be described as possibly on - big man in town. nancy pelosi could be described as possibl

does the white house feel confident president xi understands that separation? >> as i said in the opening statement, we had diplomatic and bilateral relations with the prc for decades. our assumption is they understand very well how the constitution is organized and there are three equal branches of government. >> i do not think i am hearing you say yes to that question. >> i said it in my opening statement. the prc understands well the separation of powers. >> if you are confident about that, was it an issue president biden raise directly with president xi during their phone call? we did not get details of the discussion they had. >> the president, and his conversation with president xi, made clear congress is an independent branch of government and speaker pelosi makes her own decisions about overseas travel. that was made clear. >> the president would not discourage a lawmaker from traveling to a specific place because of the separation. if a senior lawmaker were to plan a trip to north korea or moscow, would we not hear the president way in -- weigh in? >>

this is not the year xi jinping would have wanted going into a new election. there are questions over the scenario that he wants to go into with an unprecedented third term. he is sticking to resolutely dragging on the economy, there is a payment crisis as well. for china, stability is always at the core of everything. >> we are finally hearing from larry summers saying that perhaps that narrative that china's economy was going to surpass the u.s., it's true we have taken it as a given in the past few years. that may not happen. it might be the false narrative that we have seen back in the 1990's about japan, the 1960's about russia. now as we continue to see the weak economic data, goldman sachs downgrading the forecast for gdp in china to 3.3%. what's happening in china and the u.s. with the federal reserve has global repercussions. let's talk about fed officials because they did give those diversion signals about the size of the next rate hike. we had plenty of fed speak today. >> it isn't if they're going to rate hikes on september 21, the question is how

xi spoke openly about the risk of her plane being shot down.el of concern that there was a risk here? >> we have been living under the threat from china for decades. and we cannot let their ongoing threats define our desire to make friends internationally. if you have a kid being bullied at school, you don't say don't go to school. you try to find a way to deal with the bully. and that's exactly what taiwan is doing, working on making our society stronger and more resilient, fortifying our defenses so that we have means of managing risks. the risks are not posed by taiwan nor by the united states. the risks are posed by beijing. >> what specifically is that risk? is it a full-scale invasion? >> the chinese have not renounced the use of force. they have been intensifying threats towards taiwan. that is not only on a military level. it has involved a hybrid toolkit of public disinformation, cyberattacks, economic coercion. they have a broad toolkit that we have become accustomed to. again, that is not going to change your determination to defend

the foreign minister renewed xi jinping's warning that she was playing with fire in taiwan and added that those who play with fire shall surely perish by it. and many are watching response as beijing is now promising a series of targeted actions around the island of taiwan. >> reporter: just hours before day light, nancy pelosi arrived in tieaiwan as she is the first american official to visit taiwan for 25 years. she spending tonight expecting to meet the taiwanese president and parliament, and she said we cannot standby as the chinese threaten the democracy, and we honor our commitment to democracy. and the taiwan presidential office said they perceived a threat to the island and temporarily knocking the threat offline. and they said that chinese fighter jets were coming near the straits as she was set to land. they were on high alert. and as she touched down in taipei, there were targeted military operations as they say to counteract the situation. >> there is no violation of any sovereignty issues here, and her visit is very much in keeping with previous visits of congressional l

president xi also set the tone as well in the readout afterwards.d the president biden that it is wrong to characterise the relations is primarily one of competition. it should be one of cooperation on many issues. so that tells us that if competition is not what china wants then provocation or war. the officials underneath she trying to determine how fired escalate militarily to keep them happy but not too much to cause international pushback. em international pushback. an interesting analysis there. let's show you these latest pictures from tokyo where us house speaker nancy pelosi is meeting with japan's prime minister, fumio kishida. it's the final stop of her asia tour, following a visit to taiwan that angered china. let's turn to the us now, where right wing talk show host alexjones has been ordered to pay over $4 million in damages to the parents of one of the children killed at the sandy hook elementary school in 2012. jones, founder of the infowars website, has regularly claimed the shooting was a hoax organised by the government and the pa

and i have no doubt that xi jinping, when people say that xi jinping wants to resolve taiwan on his watch, peacefully preferably but if not by force, that that's an accurate reading of what he's capable of doing. so we're in a situation, and here is wfr i agree with richard, where there is not really a dialogue to the death, there's not much dialogue at all. there's escalating tensions. very close proximity between u.s. naval assets and chinese. scope for miscalculation is huge. and after this party conference, after xi has crowned himself for this third term, i suspect china's going to get more robust on this. so we're entering very, very dangerous waters. >> and with economic impacts, to ed and richard. you know, the markets are reacting because of the huge amount of trade with taiwan as the largest -- the world's largest producer of sophisticated semiconductors, critical commodity right now of course. ed luce, richard haass, thank you very much for this civilized debate over china and taiwan. and abortion on the ballot. primary day in kansas putting women's health care front and center

host: there was a phone call between president biden and president xi before pelosi's trip. what do we know of that conversation? guest: sadly, very little. it is surprising. the u.s. readout of that was a paragraph long from a two hour conversation. they mentioned they talked about climate change and human rights. the chinese issued a three page, much more detailed version of what they said happened, including that xi jinping made it clear about taiwan. i fear that, as a result, the world is getting a bigger impression, much more influence from the chinese side, which is providing details from the american side. i hope that state department issues a full transcript of the -- of exactly what was discussed. host: let's hear from kami, calling from indiana on the democrats line. we lost kami, we will go to stone on the independent line, calling from oregon. go ahead, stone. caller: how are you doing? i support pelosi in taiwan, i am democrat strong. i think it is smart to make an alliance with the taiwanian people. i support the whole movement, i wish she would come to check o

, he said president xi is definitely wanting to control taiwan. happen militarily, any attack or invasion of taiwan between now and the party congress becausement xi would not want to do anything to create a crisis between now and the party congress. now nancy pelosi walking across the tarmac, jose, and the possibility of a crisis at least with beijing is very much online. >> but, on the other hand, as you say, andrea, the united states is not going to let somebody else tell them where they can and cannot go. certainly nancy pelosi is not going to do that. >> exactly. what the president and the secretary of state have been saying, and most recently jake sullivan this morning on the "today" show was saying, that we have three branches of government and there's nothing that the white house will say to contradict the leader of the -- the congressional leader. she is the leader of congress. >> it's 10:54 p.m., coming up on 11:00 p.m. in taipei as the speaker of the house arrives at the capital of taiwan. she'll be received tomorrow, as andrea was tell

conversation foreshadowed this visit by pelosi to taiwan, considering that neither of them, neither xiping or joe biden's camp said that it was a constructive call. both said they would plan in person meetings. how much of that was in anticipation of a ratcheting up of the conflict to come to some understanding?neither nation can handle the economic fallout now, particularly china. how does the u.s. use that leverage? jonathan: tensions have been simmering for some time reinforced by what happened in ukraine earlier this year and how china took the side of russia against the wishes of the u.s. administration. tom: no question come the linkage is there. what i would go back to you a change in rhetoric, and you have to reach back 4, 5, 6 years and this is about the sea in china. forget about the china of henry kissinger, this is not the china of early obama. jonathan: that is well framed. hawkish on the international stage. this is all we understand at this point, that we will get speaker pelosi landing in the country at 10:20 p.m. local time, about three hours from now. from there, who

>> so, look, xi jinping does not want a war right now in the thai taiwan strait. he wants stability. there is always a risk that something can escalate. the other shoe to drop is, as you suggest, going to be sales of drones to russia. right now russia is largely using turkish drones and iranian drones and if they had chinese drones, those would be better. and i think that we're likely to see that. the conundrum that xi jinping is in is he used nationalism as a glue to hold china together and encouraged them to see them through this prism. and there's an expression, it's easy to get on the back of a tiger and hard to get off. he's now on the back of that nationalistic tiger. >> thank you all for your reporting. >>> with unemployment reaching a 50-year low, what's all the tack talk about a recession. >> and what happened in the texas courtroom that has the january 6th committee's ears burning? and as children return to school, a shortage of educators has some parents wondering who will teach their kids. wonderino will teach their kids. and must be taken within 5 day

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