>> absolutely. >> and xi, chairman xi came to san francisco recently and told us he wants to quote, make friends with us. secretary panetta, this might be obvious, friends don't glorify or laud the killing of other's people. >> absolutely. >> i think this is another example of the need to always judge the ccp by their actions not necessarily just their words. let me turn to this other very interesting picture and secretary panetta, you might recognize this. [laughter] >> secretary panetta, this is you in the prc in 2012 and it looks like you're receiving a very memorable gift from china's then minister of defense. do you remember this. >> i remember very well. >> is this hung in your dining room, by the way? >> i don't know if i've ever brought that photograph with me. now, interestingly, not only is that plate very memorable, but this gentleman here, general was the last defense minister in china to not be prosecuted for corruption. the next three individuals to hold this position as minister of defense were all prosecuted for corruption and/or purged and many others in the people's lib

thing that he cares about a xi jinping. he needs to be atop the ccp and the ccp needs to be central, needs to be in charge of china. so if we talk about primacy of china and indo pacific region being one of those goals if it comes into direct conflict potentially play a xi jinping being the number one paramount leader i know which one will win out. we have to create the situation where the cost benefit for him as such that he recognizes he can't have both and he should probably opt for one. that would be the one that is the peace. >> 100%. number one the communist party needs to be a vanguard leading the country and third how do i achieve that? or objective is to create a ability to achieve that is consistent with ours. >> i think everybody agrees even the people the regional vision is one in which they are the suns and everything orbits around them whereas we would like to see a situation which in jupiter is very big but not the center of gravity. i'm increasingly persuaded that that's not only the regional vision of the g

what we talk about constantly is we can't get into the mind of xi jinping, although xi jinping we believe based on his writings and speeches which we have become very familiar with is a committed ideolog, his hero, he wants to be a mao. so the question that i'm constantly asking, will he change course and what would it take to change his course? and so, what are the-- the combination of carrots and sticks that might alter a course of going from economic aggression to something different, going from technological aggression to something different? going from military aggression to something different? and so, i think conducting high level diplomacy is essential. i think that doing what we have talked about and that got incorporated into our national defense authorization act, which is policy to increase deterrents is essential. however, we've got to hedge our bets and what i mean by that is, you know, if some day, if some day there's a way that xi jinping decides he is going to move more aggressively than he is right now, how would we handle that? and what would we do? and how would we wor

president xi likes to say that the east is rising, the west is declining. to china. in december, moody's, the credit rating agency, cut its outlook for china to negative. and it's facing a long term demographic bind. a decline in the birth rate that experts say is irreversible, meaning the country is both aging and shrinking. ambassador nicholas burns took us on a tour starting in beijing. the ambassador and his wife libby like to take early morning walks through a park near their residence. >> this is a 600-year-old ming dynasty park. it's a place for a lot of retirees and a lot of young people. and it's tremendously active. >> it's where the locals come for their early morning routines. like tai-chi, yo-yoing. and ping-pong. you couldn't tell from these scenes that china, where the covid pandemic began, is still emerging from the trauma of president xi jinping's oppressive zero covid policy. burns, 68, a career diplomat who has served in both republican and democratic administrations, got to china at the height of the zero covid lockdowns and quarantines.

so perhaps more telling is what xi jinping and senor play have to say. they are often harshly critical. they publicly the entire play for not being good enough for suffering from disease, for not conducting realistic and rigorous enough training. they keep emphasize saying that the objective is not simply to fight the objective it is to fight and win. keep in mind talking about a party navy strictly speaking this is not a national navy. the pla navy is an element of the armed wing of the chinese communist party and xi jinping never them forget that he and senior uniformed leaders never fail to mention that loyalty to the party is paramount. officers and sailors alike are required to study be tested on xi jinping. in short the pla. navy is expected to completely in reliability role reliably red as well as proficient in combat at sea. the final point i would make is the shared command between the ship the warships captain and the ship's political is a potential wicked one that is foreign to the western tradition of naval command. and because in this case t

xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know. book now.onathan: beginning the week by pulling back from all-time highs on the s&p 500. yields unchanged, anything but unchanged over the previous next sessions. right now this morning the 10 year 4.1559. president biden making a plea to congress. >> pay attention to what the senate is doing. you got a bipartisan deals and we see that this week. the bipartisan bill gives us control and still meets the needs of the people who illegally come across. shutting down the ones not coming through the points of entry. jonathan: gop support souring on a deal to impose new u.s. border restrictions and the locke ukraine aid. the planned vote is too soon with top gop negotiator james lankford singh the legislation is a work in progress. director for the united states eurasia group and former policy advisor to mitch mcconnell joins us now. how narrow is the path to get this bill through congress? >> right now i don't think there is one. this bill has been rejected outright by the house of representatives an

there's no doubt xi is also a dictator and has his own territorial ambitions in taiwan. so we know xi is watching closely in ukraine is one of the reasons it's important we support ukraine and also work with taiwan to make sure they've got the weapons they need to be able to avert him from taking taiwan by force. this is all interrelated which is one of the reasons it's important naito established some of the relationships we had with regards to our indo pacific partners like korea and japan. i'm supportive of trying to set up a naito office in tokyo so we can open up those lines of communications to keep it coordinated. i believe what happens in naito specific impact europe and that's why think we need to be thinking naito has its mission but extending those communication and cooperation is important to be able to deter xi jinping from taking taiwan in the future. >> a question to both of you. you been using china more in your argument to lawmakers and others have told us they are watching, iran is watching, china is watching. everyone is watching what happens in ukrain

and how much can we say this is xi jinping's fault personally?problems with the chinese economy also sit with the lack of confidence, growing lack of confidence, in china's economy. and a lot of that falls right at the feet of xi jinping because a lot of that sits with, for example, the disappearance of chinese billionaires. a few years ago we sanack ma, who was china's richest man, disappear for a few months into chinese detention. he's since basically withdrawn from most parts of the chinese business sector. most recently, we've seen that with the chinese billionaire banker bao fan. he disappeared a year ago without much warning at all. just a week or so ago, we heard reports, his official announcement that he's also withdrawn from all of his business positions, citing health reasons, which most people doubt! you know, when you're an investor, either a chinese investor or a foreign investor, and you're seeing billionaire bankers, the big deal—makers in china, disappear, you can understand that it's the party that's in charge, it's not the entre

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.meritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. sonali: this is bloomberg markets. commercial real estate deals are starting to pick up again but at the discounts forcing lenders to break loans. to do some banks had portfolios of commercial real estate loans that regulators said would merit more screening. scott kelly founder of aetos capital real estate along with abigail doolittle. when you think about the troubles we see in the regional banking system. is there a lot more still? scott: we are at the early stages. one of the things that regional banks did during covid's increase their exposure to commercial real estate because there was very little de

♪far-xi-ga♪ is it possible to count on my internet like my customers count on me?ing with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? - your data, too. there's even round-the-clock customer support. so you can be there for your customers. with comcast business, reliability isn't just possible. it's happening. get started for $49 a month. plus, ask how to get up to a $800 prepaid card with a qualifying internet package. don't wait, call and switch today! ♪ welcome back to the "big weekend show". guess stumbles and tumbles among the white house working overtime to keep sleepy joe on track for axios says all of his cheat sheets he's bringing to fundraisers are worrying donors. guy, you see everything he tries and he still doesn't get it right. >> i am perplexed by the story the donors are disturbed, perturbed from the front office, where have they been? obviously not watching this network because we've been covering this problem for biden for a while there he's got the photograph apparently the topic of the q

xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know. book now.et help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management. is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. jonathan: the stock market is very close to 5k at the s&p 500 at the close. equity futures pulling back a little bit. the yield given the thing, for .119 two,

xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know.ook now. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. jonathan: equities are a little bit softer on the s&p 500, we are down by 0.06% with yields higher by single basis point. on "surveillance" this morning, the senate border deal dead on arrival. pres. biden: all indications are that this bill won't even mo

xi: no.e're still feeling that inflation is going to come down and expecting yields to start to drop at this point i think it is really just focusing on sticking with our base case for a soft landing and maintaining our portfolios invested at this point. haidi: so there is no valuation risk when it comes to where u.s. equities are trading at this point? xi: there is a lot of talk that u.s. evaluation is pretty high but given the strong economic data we are having and the outlook on the u.s. economy with earnings coming in very strong, over 80% already reported earnings. and the economy is propelling ahead. we do not feel this is the time to field the market is too high and start selling out but rather maintain a diversified portfolio and stay balanced. paul: we have seen volatility starting to move off its lows. what are you expecting to see in terms of volatility and how are you hedging against that? there are always ways to hedge but i think right now most of the hedging has been done just

what do you think xi xinping think of this?> we don't know because chinese propaganda talks about it, xi xinping doesn't say what he really thinks that xi xinping in his 2024 new year's message released around december, annexation of taiwan in a paragraph of things he wanted to see happen this year that would mean biden would be president regardless what happens november 5th so i think the chinese believe they want biden to stick around. stuart: is china's economy in deep trouble? if it is does that give us leverage in negotiations? >> gives us leverage because they desperately need chinese, american money and investment. they are not growing at the 5.2% pace they claim. if they grew and that's a big if from last year, maybe one. 5 which was what the rhodian group said now you see a lot of deflation in china. the cpi in january was down for the fourth straight much come down 0. 8% year-over-year, the biggest drop since 2009, ppi was down in january for the 16th straight month. when you're deficient you can't be growing and can'

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.atie: katie: luxury katie: -- katie: luxury eeev maker lotus trading on the market today. joining us now for four from the nasdaq is elected -- is alexious lee. great to have you with us. let's talk about timing because lotus tech has been looking to go public since at least early 2022. why now? alexious: good morning. thanks for having us today. lotus right now is 80 years old. we are in a good position. we have developed more cars. we think we are in a unique position where we are early movers in this space. we have made a commitment to do full electrification and the listing will enable us to execute our strategy and fulfill our commitments to shareholders and investors. katie: when it comes to going public in 2024 versus 2023 or 2022, is there anything we can extrapolate their from this is lotus tech's thinking on the public market appetite and appetite for ipo's? alexious: we have raised $880 million from this transaction. it's a sign of confidence from investors that the lotus br

xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know.ook now. ♪ lisa: retail sales and jobless claims, this is bloomberg surveillance alongside annmarie hordern as well as manus cranny. jon ferro on a well-deserved a few days off. right now we are seeing markets with another lift after an incredible retracement yesterday. stocks futures going still above 5000 after clawing back some of the losses made on fears of inflation. what inflation? 5024 on the s&p. the euro gaining vs. the dollar. even with some weaker than expected data out of europe go into that in just a bit. the 10 year yield down just slightly again. a time when people are expecting the fed to still cut even if inflation is a bumpy road lower end of course, crude a little bit lower as we talk about the oversupply. under surveillance this morning, ukraine aid facing an uphill battle. >> $60 billion, with a b. they want to give $60 billion more and i said wait a minute, do it this way. loan them the money. if they can make it, they pay us back. if they can't make it, they don'

xi-chun, xi-chun, xi-chun! you've got more options than you know.you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh ♪ ed: welcome back to bloomberg technology. as mondays go, it's a business one peer let's start with some markets. this is more like a psa from last week. amazon has replaced alliance on the dow jones industrial average. that is an index where weightings are done on a shareprice basis, not on a market capitalization basis. something that was announced last week after tuesday's market close but i was on vacation. i missed it. the point being it is effective as of monday's session. if you look on your bloomberg terminal, you will see amazon down 2% rate what precipitated it was a three for one stock split, not by walgreens by walmart. another stock we are watching closely to the downside is alphabet, parent of google. there has been so much discussion, particularly on x about the image generator on gemini. an update from google in the last hour or so, the c

xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know.k now. lisa: this is "bloomberg surveillance." welcome back. jon is off today. manus cranny joining us, which is a great thing. to parse through a muddled week, although of gains. this has been a key moment where we are seeing more layoffs, although people are getting hired, but -- but stocks continue to rally. futures crossing that 5000 mark solidly, up another .2%. the euro-dollar is doing nothing, basically. and 10-year yield higher by about three basis points. the white house, urging caution in gaza. >> we continue to believe that under the current circumstances, without a credible plan to account for the more than one million palestinians in rafah, a major operation would be a disaster. we agree with that and we are continuing to talk to our israeli counterparts about what that might look like. lisa: international pressure mounting as israel prepares for are a major operation in rafah. profit is the final location of an unknown number of israeli hostages. joining us now for clarit

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.ay github, an ai developer platform is making copilot enterprise available to every organization for $39 per user per month. ba offering is personalized for each organization making it possible to streamline code navigation and comprehension. here with more, thomas dohmke. if you already this coder like me or a veteran -- a novice coder like me or a veteran, this is a helpful navigation. i guess you are targeting those two different end markets. thomas: what we have seen is companies no longer just look at digital transformation, they're looking into the ai transformation. copilot started it all by giving developers ai based auto suggestions. with copilot enterprise, it can be customized to all of the internal knowledge of an organization. imagine you are a new development bloomberg, it is your first day, you can ask copilot how things are done. all of the institutional knowledge at your fingertips. ed: part of this and similar tools is the predictive nature. you're writing a line of c

xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know.ook now. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. jonathan: equitiesjonathan: on the s&p 500 totally unchanged this monday morning after closing above 5k for the first time ever. yields are a lower this monday, down a basis point or two. trump taking aim at nato. >> you have to pay up. they asked me that question, the president of the big countries. if we do not pay and we are attacked by russia, will you protect us? i said, you did not pay cut your delinquent. he said, yes, let's say that happened. i would not protect you. i would encourage them to do what they want. >> here's the latest, donald trump's comments during up backlash from world leaders. the world in which the decline of u.s. foreign policy is a world in which geopolitical risk rises for markets. let's go straight to those comments from the former presi

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh when people come, they say they've tried lots of diets, nothing's worked avalarahhh or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and a

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. >> we are looking at s&p 500 reaching an all-time high or highs of the day and trying to snap to be days of declines before major earnings after the bell. your all-time highs and it is putting large expectations on those giants to deliver with the results. we have $5.5 trillion alone. >> the trouble is that expectations have risen some much that they are almost impossible to match. even consensus. have seen them expand for this group with a tremendous amount of capital concentrated in the group. it seems like there is a lot of pressure on these entities. the earnings season is on track for an incredible be. they were expecting only one. expectations are high but they can still be the consensus forecast. >> can this kind of trajec

xi-chun, xi-chun, xi-chun! you've got more options than you know. thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh certainty matters. like the certainty of congratulating coworkers or saying thank you for being a customer. with promotional products from four imprint, our expert team is dedicated to making your satisfaction a certainty. land the perfect products at four imprint.com for imprint for certain. welcome back to bloomberg technology. i'm caroline hyde in new york and i'm ed ludlow in san francisco. let's check on the markets quickly i think earnings is a big driver. but economic data is as well on the week. sad to say. the nasdaq 100 is down by almost a percentage point. i think we're still a little bit concerned about how sticky inflation is. and then we go back to the fed and we say, well actually ma

xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know.ook now. >> live from new york city here's your equity market down by one third of 1% following the biggest one-day loss going back to september on the s&p. a border deal hitting the wall in congress. >> house republicans are not here to supply more buckets. we are here to stop the flow. stopping the flow is not rocket science. it takes political courage, it takes transformational policy changes. we know what policy changes will accomplish here. it is not republican talking points this is what the experts at the border and the epicenter tell us is necessary. >> house speaker mike johnson casting doubt on a deal to secure the southern border leaving the fate of the bipartisan bill in question. the latest poll showing voter concerns about immigration gaining ground on the economy is the top issue. six in 10 swing state voters say president biden bears responsibility for a surge in migrants of the u.s. mexico border. our policy analyst at raymond james joins us for more. we will talk abou

after the zero covid policy which was an utter disaster, xi jinping changed course. i think it's time for him to change course again right now because right now he's seeing his economy kind of enter a stage where they've got to be concerned about the stability of their political regime and i don't know how he's going to react. >> what do you make of his trip to the u.s. last year and just the way that he, you know, met with --. >> it was all about this, morgan. it was all about calming nerves. i'm not -- i don't have illusions that they've suddenly changed their strategic goals with regard to taiwan or with regard to any of their ideological goals, but tactically they wanted to calm investors nerves. that's why this meeting with joe biden was so important to them and he needed to look like he was stabilizing the relationship, okay? and i think that's also why they've entered into the mill military to military communications channel and why they're entering into the sentinel working group. that's why they are entering into that ai working group with regard to the mili

xi-jinping's claims over taiwan. >> but all come soon. i'm not sure it is recent >> softball interview with tucker carlson carlson, putin justified his brutal war in ukraine, invoking historical grievances and nationalism. >> suddenly the ukrainian soldiers were screaming it from bear in russian, perfect russian saying to the russians, do not surrender and all of them perished because they use, they still identify themselves as russian >> putin, glossing over the facts, thousands of ukrainians have died defending their democratic homeland from putin, his army, which is also suffered huge losses for tiny territorial gains xi jinping echoes putin's narrative, consistently framing china's claim over taiwan through a lens of historical entitlement, national rejuvenation through whelan, people on both sides of the taiwan strait, a chinese and share a natural affinity and national identity built upon kinship and mutual assistance. this is a fact that can never be changed by anyone or any force with hawkeye been >> here in taiwan poll after poll

, whether when xi was operating at the local level or otherwise. that was also very insightful. >> i also want to know how worried you are about china's dominance in the e.b. supply chain -- e.v. supply chain. chairman gallagher has raise the concerns about ford's partnership with the firm catl. do you have concerns about that and what congress can do. mr. krishnamoorthi: funny name, cattle, first time i heard that a long time ago, what do you think about the cattle deal, i was confused. here's the -- all of you know this, but the chinese dominate in almost every segment of the e.v. supply chain. from the can thoeds -- cathodes that go into the batteries, batteries themselves, to the cars, everything else. all that being said i think the world sees e.v.'s as being the future. i think that even my colleagues on the other side know that electric vehicles are going to be very, very important for the american economy. how do we make sure that we bring that supply chain to the u.s. i am concerned that we are going to end up being in a situation where th

xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know. book now.onathan: cpi data later this morning. equity futures a little bit softer. negative one third of 1%. down a single basis point. under surveillance, president biden pushing for a pause in gaza. pres. biden: as the king and i discussed today, the united states is working on a hostage deal between israel and hamas which would bring immediate and sustained. of calm to gaza for at least six weeks, which we could then take the time to build something more enduring. jonathan: president biden pushing for a six weeks pause in fighting between israel and hamas. the meeting amid growing concern about a potential israeli ground offensive in a city were over one million palestinians have fled. king abdullah calling for an end to the war, say we cannot afford an israeli attack on rafah. it is certain to produce another humanitarian catastrophe. joining us is norman roule, former u.s. intelligence official. could we take a step back and look at the original objective of the israeli military, which was

xi-chun, xi-chun, xi-chun! you've got more options than you know.k now. ed: time for talking tech. samsung executive chairman has been acquitted of stock manipulation charges, removing the threat of jail time that has loomed over one of korea's most common and business people for years and lifting away the company as it struggles with the global downturn and more competition from apple and the smartphone space. shares fell as much as 30% to record low for atos after they dropped plans to sell 777 million dollars in equity rights. seeking a mediator to help renegotiate financing with lenders. $5.2 billion deal to shale -- sell its -- develop projects abroad after divesting russian units that generated most of its revenue. >> back to keep an eye on snap. cutting 10% of the global workforce as an of the tech sector continues to see layoffs more broadly. also anticipating the numbers coming from this particular business that report anticipating recovery and revenue but what is the cost of having to let go of so many staff? shares had spiked a little on

xi-chun, xi-chun, xi-chun! you've got more options than you know.>> welcome back to "worldwide exchange." looking at futures here and the dow would open almost 100 points lower. let's see how europe is shaping up. joumanna bercetche is in the london newsroom with more on the early action. joumanna, good morning. >>> good morning, frank. i'll kickoff with the view of how asian markets have done. the hand over is not pretty from the chinese equities. at the end of the day, the shanghai composite was down 1%, it was down more. the shenzhen ended the day 3% lower. this is a reflection of how much these chinese indivisces hav fallen. the hang seng is down .10%. the green on the board is the nikkei in japan up .50%. for european indices, some are trading in the green. the ftse 100 is up .25%. we just had the final pmi numbers for the month of january coming higher than the flashes estimate. good news on the activity front especially because they are above the 50 mark with contraction over expansion. they are in expansionary territory. ftse mib is up 1% on

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. you can make money the hard way as a bullfighter or a human cannonball... or save money the easy way, with xfinity mobile. existing customers can get a free line of our most popular unlimited plan for a year! not only will you save hundreds but you'll also be joining millions who have connected to america's most reliable 5g network. sure is a lot safer than becoming a stuntman for money. get a free line of unlimited intro for a year when you buy one unlimited line. plus, get the new samsung galaxy s24 on us. >>> taking a look at u.s. futures. you can see the s&p 500 is basically unchanged. dow jones industrial average down a little bit. the nasdaq futures fractionally hig

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. technology. caroline: let's get a check on these markets. we anticipate cpi print tomorrow. there is a lot that dictates where we go in terms of fed policy driving overall benchmarks today. the nasdaq 100 still powering on . also look at the s&p 500, reaching that technical level of 5000 friday and we still manage to claw our way higher. i'm looking at bitcoin as well, on a tear. we are almost reaching the $50,000 level, so all eyes on some of these risk assets. owing to the individual movers, we have what is happening around the super bowl and temu seemed to be a winner in terms of its ad that played. i am looking at some record highs that keep on being hit. phenomenal move, 36% higher. the earnings are still feeding this around the ai and the way this company can benefit from it, so phenomenal moves and another record high. look at what is happening as well, up more than two percentage points. it feels as though there is desire to get into these big tech names but you have more on s

guy, i want to start with this mortal plane joe biden is made about the 17000 miles xi jin jinping. exactly critical of the biden administration has faxed checked this and said try as they might, they found it impossible to possibly out of 17000 miles joe biden could have traveled with xi jinping. >> is like a made up claim and biden makes several of those but it does seemed like there certain laws that get stuck in his head that he really won't let go of, this seems to be one, he can't quit this light apparently, for whatever reason. >> what is your big picture analysis, does he stay, does he go? >> i was wondering if i caught gavin newsom measuring the drapes. i said this before but i think the d.o.j. reports the most damaging for biden in that it muddies the watters on the indictments and direct democracy narrative when joe biden mishandled documents since the 1970s and you have the money of the walrus in fulton county as well and that is the biggest attack the democrats have against donald trump and now it's not as solid anymore if you look at joe biden, he copy age thing, he sa

xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.uang says artificial intelligence will matter to every single country and industry on the planet. i spoke to him, nvidia's ceo yesterday, listen to this. >> you've seen india, japan, france and canada, south asia and singapore, speak up about the importance of investing in sovereign ai capabilities. it has become abundantly clear to each one of the countries that their natural resource, which is the data of their country, should be, should be refined and produced and intelligence of their country and for their country. the capability of refining the data of their country and turning it into their artificial intelligence is now possible in quite a democratized way. almost every country should be able to do it for themselves. what's needed is the technology and the know-how of standing up ai infrastructure. that's where we can be helpful to various regions. i think that the recognition of the imports of sovereign ai capabilities is quite doable. >> is that ability to help extending to ch

either way, god bless my wife, xi let me name him army so go army. i kid you not. if a look at how we reacted to a formula shortage, right? it was literally peoples hair on fire. look at the toilet paper issue under covid. our economy we become so accustomed to how well functioning our economy is that he shortages truly i think could bring us to a crashing halt. the other piece, too, is as chairman of readiness we have come which will get into, we have a serious readiness issue. when you look at a2/ad, account access environment where our adversary is building a massive missile fleet designed to secretaries, decide to push us further and further away from shore, designed to others what they believe take unacceptable casualties even to get close to the fight in the western pacific. our greatest strength steel, asymmetric advantage, is our underwater services, our submarine fleet. this is a public number now. we are 40%, can't get out of the shipyard. and that's that necessarily that is not a dig on the navy. that is workforce issues. that's labor law issues. we lite

xi-chun, xi-chun, xi-chun! you've got more options than you know.k now. katie: the nonalcoholic beer market expected to grow by 2030. i'm thrilled to say bill is joining us from the athletic brewing company. cofounder and ceo. they are the market leader in the nonalcoholic space according to an iq. i do like alcohol but even i know how popular athletic has gotten. last year you saw over $90 million in sales. talk about that journey just to set the scene here. bill: i was one of the world's largest hedge funds which is a great career. nonalcoholic beer is an undeniable opportunity. this is an opportunity to change the way the world drinks braided humans -- this busy modern lifestyle they're such an opportunity to welcome more and more people into the adult beverage space and give them the culinary and social experiences. we really stepped into that making the best tasting beer out there and then really bringing aspirational marketing behind it as well. it's really been a brick by brick story where i quit my job on wall street. we started homebrewing

xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know.ook now. jonathan: live from new york city commit is payrolls friday. 185,000. previous number, to 60. some stocks are more magnificent than others. >> in terms of applying ai to advertising, meta was a little late. originally, they were thinking of it in other ways but they have done an extraordinarily good job of applying it. i think in this case, ai is helping drive revenue and profit growth more than for most of the other big companies. you cannot question the spectacular financial management here. jonathan: the latest, meta and amazon surging after blowout earnings reports. ai fueling both. sales in china continue to deepen. joining us now to discuss it, alex webb. what is going on in china with apple? >> not good news. the market was expecting it to be not brilliant but slightly worse than expected. they were looking for about 23.5 billion dollars in revenue from greater china which was china in the quarter but in the end, less than 21. more than a 10% miss. it has to do with the

and it is not clear for the reason we've discussed that xi really wanted to do that.nd perhaps he's prepared to sit it out and accept 3% growth, the most 4% and that is okay. >> martin wolf, thank you for helping us understand this very complicated subject. >>> next on "gps", argentina's newly minted leader is called the mad man by his own supporters aan his of his ideas are really out there. but could they possibly work. we'll be back with that in a moment. >>> more than two months ago, argentina elected a new president. he calls himself a narco, capitalist, libertarian. he wants to abolish the country's central bank, and one of his favorite campaign props was a chainsaw, signaling his goal of slashing up the state. he's also a big admirer of donald trump. so can he actually fix argentina's economy? or will he bring it further into ruin? with me now is shannon o'neil, a senior fellow for latin american studies at the council on foreign relations and the author of "the globalization myth, why regions matter." shannon, welcome. >> thanks for having me. >> interesting t

they have increasingly used statements including from xi jinping the taiwan is in the core of china'score interests. making these statements that used washington, provoking, using taiwan as a card to contain china and press china. that's beijing's perspective. i think there been two major flash points in the last year and 1/2 that have really created a deterioration in relations and us/china relations as well and the first as many of you are familiar the august 2022 visit to taiwan by nancy pelosi. china responded much more strongly than i think many anticipated. they provoked the largest, held the largest military exercises in decades significantly closer to taiwan, flying ballistic missiles over taiwan, very provocative, moves by the chinese liberation army to send a signal of beijing's displeasure with that, diplomatically beijing also canceled or suspended 8 key areas of dialogue including cooperation and other areas and some of those relations were only revived or restarted in the last couple months after the november 2023 biden and xi summit in san francisco. there was long peri

. ♪ xi-chun, xi-chun, xi-chun! you've got more options than you know. book now.nk he's having a midlife crisis you've gi'm not.options than you know. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. katie: farmers are protesting in brussels as e.u. agricultural ministers meet. the protesters are demanding more support from the bloc. it is the second major protest in recent weeks as farmers rally against bureaucratic hurdles, trade deals, and efforts to help ukraine sell its grain. for more on the agricultural industry, we are joined by patrick bowe, ceo of the andersons. let's start off with a geopolitical context. it has been two years since russia invaded ukraine. that war is still ongoing.

xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro! you've got more options than you know. book now.mberg markets." big day for european banks. santander delivering a dividend, a buyback. this comes a few days after it announced it numbers. the buyback is worth around 1.5 billion euros, 1.6 billion dollars. it boosted the dividend. barclasy will be out -- barclays will be out, hsbc, plus lloyd's. let's figure out where we are with the european bank reporting season. emea porting editor joins us now. i never get the frequency right when it comes to santander. we spoke to and about and, a few days later, we get the share buyback and dividend announcedd. >> for santander, they like to spread the news. they have a nice surprise for investors february 19th. 1.5 billion euro buyback. this is -- i was just reading the note from j.p. morgan, saying they reckon capital returns at european banks are at peak. guy: why are they at a peak? is it because interest rate speak? is it because they expect -- tom: i think it is largely the rate cycle. in the u.k., we have already seen those interest rat

that's what you would tell xi jinping.bilities, you know, that's kind of bland, freedom, something that china doesn't know anything about. or doesn't want to trample. >> oh, yeah, you know, china is the enemy of freedom around the world. not just in china. but is trying to stifle freedom in our country and elsewhere. you know, and biden, he brags about he spent more time with xi jinping than any other american. if that's the case, why are our relations with china so tense? why is china acting so belligerently? i think it's because they have seen biden and they realize that, first of all, they own him. that's what the chinese think. and, also, i think that they believe that he just does not have the right attitudes towards defending america. he just doesn't care about defending our country. look at the migrants surging across our borders from china, including the soldiers. biden couldn't care less. >> laura: so 20,000 chinese come across the border, why would xi take biden seriously? can you imagine 20,000 americans crossin