plus, biden's two-hour phone call with xi jinping. then, liz cheney has been the face of january 6th committee and the new darling of the democrats while her republican challengeer is winning over wyoming voters. harriet hageman is here with her plan to unseat cheney in november. all here right now on "sunday morning futures." ♪ ♪ maria: and first this morning, president biden with covid again, testing positive on saturday after testing negative for four days prior, even before the second case of covid is worries heightened over the commander in chief's mental capacity and ability to lead. here's dr. ben carson on this program last week calling biden's. condition a national security risk. >> there's no question, you know, he's in that age range that puts him at an increased risk, and he has underlying problems as well. so it ises a serious issue. -- it is a serious issue. the good thing, of course, is he has access to the best medical care in the world at walter reed. so i suspect he will get through it, but i hope and pray like m

jinping. >> even if mario draghi has strong cards to play and something ones a coming together, do we just relive this in july of next year? do you feel like the geopolitics have a chance of sorting themselves out? >> there is clearly a risk that other kerfuffle will occur in september october. that risk cannot be wished away. a lot will depend on what mario will say on wednesday. i think his idea is he will scorch parties and he will put forward a very tough agenda. he will leave no room to the parties in the majority. either you back me or you don't, there is no middle way. guy: in terms of how this is going to affect italy and its economy, mario draghi has been seen in brussels as the man who can fix italy's problem of absorption. italy is very bad at spending you money. given what is happening here, is there going to be a sense in brussels that we are going back to the old days where italy is still bad at spending money? what do you think the long-term effects of that are? >> if mario draghi goes, it's a disaster because we are back to the old world. we are back to fiscal discipli

reflective of that, in the fact that xi jinping, chinese supreme leader, has still not made any official statement about this assassination, which is in stark contrast to the rest of the world leaders. even russia, sending over their condolences. this tension is over those contested islands, over historical wartime grievances. but really, beijing is angered by the way that abe really ushered in and paved the way for harsher security steps when it comes to china, bolstering relationships with united states, he was a big proponent of the alliances across the asia-pacific region. a lot of that, in large part, because of anxieties over the rising, more powerful china. of course, beijing was very angered over his recent comments over there this year that the u.s. are abandoned its policy of strategic ambiguity when it comes to taiwan, but he was also incredibly divisive in japan, partly because of his desire to boost japan's military capabilities. but a heartbreaking day, transcending all of that. i was in japan, considered one of the safest countries in the world, this is a heart wrenching m

. >> xi jinping spoke at an inauguration ceremony for hong kong's new chief executive. xi said the one country two system policy has been recognized as a success. >> translator: i want my compatriots in hong congress to emphasize mainstream values suitable for the principle centered on patriotism. >> he arrived in hong kong on thursday. it's his first visit there since beijing tightened its grip on the city. the anniversary used to be marked by massive protests for those calling for democracy. this time police are warning against acts of violence or public disorder. more than 30,000 officers will ensure security at the events. >>> nhk world senior ross mihara correspondent is in beijing and has been following xi's visit. i spoke with him earlier. what was the president trying to accomplish with this speech? >> well, he wants to show citizens and the world that the central government attaches great importance to hong kong's development. xi tried to boost patriotism among hong kong residents, especially the younger generation. he expressed his affection for the city and a

once have we heard evidence that he has asked xi jinping what is the origins of covid-19. why can't we do a real investigation of the wuhan lab. now you have secretary of state and city of lincoln arriving in asia today with the g20 meeting the foreign ministers meeting on the sidelines of the summit he is going to be meeting with the chinese counterparts he is expected to emphasize the u.s. commitment of intense diplomacy with beijing. what are they talking about intense diplomacy. they've had several meetings with the chinese had dressed down the u.s. officials. they have talked about dressing down our secretary of state, zach would happen again? >> look i remember going back a few years when presidency came into the rose garden and the obama administration and he told the american people in the rose garden that he would not fortify the islands in the south china sea. within a year he was fortified in those islands. these are people you cannot trust for tony blinken to do that it amazes me. i think the american people are starting to see through this. there is a concern

>> reporter: as alarming at xi jinping's warning to biden on taiwan may sound, this is not the first time he uttered the same phrase to biden. he used it in august 2021 when the two men held a virtual summit. the key difference is the timing of this latest phone call, we're only three months away from a major communist party congress where it is all but certain that xi jinping will assume a precedent-breaking third term as the country's top leader paving the way for him to rule for life. so this is a critical moment when he is facing a myriad of domestic challenges so he can't afford to look weak on this issue. that is why this is so important. but the hope is that the two men have talked in length and gained better understanding and clarity on where each stands and that could help them contain the fallout better if pelosi does decide to go ahead. but it is clear that both sides are wanting to move along this one issue and highlighting the wider nature of their conversations. from chinese perspective, they have been trying to emphasize that xi jinping told biden that the u.s. has bee

>> reporter: president biden is expected to speak with xi jinping how the exact timing has yet to be laid out by the white house, but officials have said this is about maintaining an open dialogue with one of america's greatest competitors while also acknowledging those major points of tensions that exist and that includes taiwan, economic competition and also russia's war this ukraine. now, while this trip has -- while this call has been in the works for quite some time, it's taking place against that -- the backdrop of that proposed possible trip by house speaker nancy pelosi to taiwan. national security officials have been trying to speak to pelosi in recent weeks to convince her of the risks of a possible visit. defense secretary lloyd austin has said that he has spoken with pelosi and white house officials have said that they're constantly evaluating a security situation regarding such a trip. now, this possible trip from pelosi has drawn some criticism directly from the chinese government which has vowed a forceful response if she were to move forward with that trip, though the

there has been some real policy blowback for xi jinping. certainly not a loss of power or loss of grip of power, but i think coming to terms with the fact that perhaps his policy direction was not the right force for china, at least not at this time. >> thanks so much for joining me this morning, much appreciated. >>> still to come here on worldwide exchange, your big money movers coming up next. money movers coming up next. don't go anywhere.chievement. the new frontier. ♪♪ eh. ♪♪ it's not time to escape. it's time to engage. it's time to plant more trees. hoo! ♪♪ time to build more trust. time to make more space for all of us. so while the others look to the metaverse and mars, let's stay here and restore ours. yeah, it's time to blaze our trail. 'cause the new frontier? it ain't rocket science. ♪♪ it's right here. ♪♪ ♪♪ the chewy box is coming today. calm down lenny. we just ordered it yesterday. nah i'm totally chill i just... wait... is it here? relax, our treats from chewy always arrive super fast. i feel so mu

president bind tried to cool things down on a two hour call with chinese president xi jinping and the u.s. policy on taiwan has not changed and gee i jinping said the u.s. is playing with fire. kentucky republican congressman and member of the house judiciary committee thomas massey ready to get sassy. welcome back, sir. >> thank you. i was trying to think why pelosi was going to taiwan. the august recess, it's when pelosi has her best body work done and we've offshored so many things and maybe the best plastic surgeons are in taiwan. >> you can't say that. she'll get mad at you. paul will drive over and run over your goats. >> there may be another reason going to taiwan. we just passed the chips act, which is a $50 billion gift to the semiconductor industry to try and bribe them to come to the united states. maybe she's delivering a check to the taiwanese semiconductor company. >> could be. come over now. they're going to invade. do you think she should go? >> you know, i don't think she should be precluded from going. before i was in congress, i went to hong kong, taiwan, china, it'

president biden holding a highly anticipated call with president xi jinping. it is their first conversation since march this year. it comes a s the relationship between china and the u.s. has deteriorated to its lowest point in decades. >>> plus the u.s. and russia debating a prisoner swap. antony blinken speaking with sergey lavrov. and a breakthrough on capitol hill. chuck shchumer and joe manchin striking a deal after a year of negotiations. >> there's a lot in this bill, including tax changes. we begin with major developments on the u.s. economy. the gross domestic product fell 0.9%, following a 1.6% drop in the first part of this your, blamed in part on the omicron surge, all of this adding to fears the u.s. could be in a recession. joining me to talk about all this, white house national economic director brian dees. good morning. thanks for taking the time this morning. >> happy to be here. >> two consecutive quarters of negative growth. every period since 1948 of two straight negative quarters of gdp has coincided with a recession. >> in every prior rec

the bigger issue is the long-term geopolitical issue, if xi jinping is confirmed as the new chairman, he has said he intends to reunify, or invade, taiwan at some point. if we see something like that happen, china has a huge part of its production of cassidy that tesla has in china. investors need to look at who is selling the most and going fast, the answer to that is tesla. who is getting the smartest at bringing battery costs down and selling software services, the answer to that is tesla. these are not big secrets. volkswagen and others will catch up. time to buckle up. emily: how big of a problem is the twitter saga? does it seem like twitter will let this go away and investors have not been pleased about the commitments elon musk made, now he is trying to pull out of them. >> tesla and elon are a master of making great cars, i hope they stay focused on that. the more they can stay focused on executing, whoever wins the electric car race will own a 50 year franchise. tesla is sitting pretty with a lot of -- but a lot of serious people are coming after you. i hope tesla is up to t

i'm not sure president xi jinping -- i'm sure president xi jinping wants to show strong control of covid across the country. but there has been conflicting goals there. and now obviously china is trying to push through more infrastructure spending, that's going to support copper. interview the main driver of copper prices in the few years -- next few years will be spending on the chinese electric grid. especially trying to decarbonize it. that's going to provide some support in the medium-term for sure. however in the short run we have cyclical headwinds as you pointed out, copper, though cyclical headwinds have taken over and knocked copper at the end the day is to economic activity and that we know is slowing down for all the reasons alluded to earlier. the extreme crisis we are having in the gas and power sector globally. north america has been more insulated on that front because of the shale gas production. guy: great stuff. really appreciate the input. joining us from madrid. up next we will take you to sun valley. media moguls are meeting their, some of the elite money managers at

beijing has refused to comment on president xi jinping's vaccination status. 90% of china's total population is fully vaccinated. travelers to hong kong will need to fill out a health declaration to speed up the arrival process. passengers will need to provide standard details to get a qr code before boarding. visitors will not be able to fill out the paperwork after landing. the australian prime minister says his government has introduced the toughest bio measures to take care of foot and mouth disease. and prime minister says china's sanctions on australian goods should be listed immediately. bloomberg reported earlier this month the chinese officials are proposing to and the two-year ban on australian coal amid supply concerns. curbs have also been imposed on australian wine and beef. global news, 24 hours a day, powered by 2700 journalists in more than 120 countries. i am vonnie quinn, this is bloomberg charlie: -- this is bloomberg. >> australia is on guard. but next, discussing the increased likelihood of over session as we pray for this week's fed meaning and corporate earnings. this

this is xijinping's this is xi jinping's first visit outside mainland china for 2.5 years. he has gone to hong kong. give us a sense of the significance of this visit. i think the significance here is on quite a few sides. one of course is what you said about xijinping being out of mainland china for the first time after the pandemic. but also because of the fact that the pandemic is still going on, at least that is still the case in hong kong. he has actually returned to mainland china last nightjust after dinner. he is expected to arrive, he should be arriving right now back in hong kong. and head to their exhibition centrejust hong kong. and head to their exhibition centre just behind where i am to officiate the inauguration ceremony for the new government led byjohn lee as chief executive. that is the place where he is expected to give us beach which is to the other significance of this visit. that is possibly to show beijing's grip or control over hong kong, especially when yesterday is the second anniversary of beijing's hong kong security law which topped down most o

xi jinping's had a pretty difficult year. he signed up with putin just beforeolympics. his economy is not growing anywhere what he is expressing. his -- the -- there are many companies who are being shut down. you see the re-emergence of state-owned enterprises. this was supposed to be a big year for him because of the election in november, which would generate a third term. so there's an awful lot going on internally in china that's not going his way. i would hope that we don't and no one gives xi jinping a relief valve, if you will, or a life ring as he's having so many difficult issues internally over the course of, you know, the last year or two. >> let me ask you about your -- you took a trip to taiwan at the president's behest. you led a delegation mostly from the principles? >> first of all, it was in march. it was right after the ukraine invasion by russia. secondly, it was a bipartisan trip so we had officials from both sides of the aisle, if you will. there were several take aways. one of which is the president is a very strong leader. very comfortable in thei

president xi jinping. it comes with relations between the countries at its lowest points, and now tensions are escalating over nancy pelosi's possible trip to taiwan. it has triggered warnings from beijing and has provoked alarm in washington. i want to bring in leon panetta, he was cia director and then defense secretary in the obama administration. mr. secretary, good to see you. how bad, in it your view, is the state of u.s./chinese relations ragt now? how important are these discussions that just took place earlier with president biden? >> there's no question that we're at a low point in terms of our relationship with china. i think it was important for president biden and president xi to have this conversation. there's an awful lot to talk about not only with regards to what happens with speaker pelosi's trip, but more importantly, what happens on trade, what happens with regards to ukraine, with happens with regards to our general relationship with china. so i think there's a lot to discuss. i'm glad

>> reporter: well, bianna, president biden has been on the phone with chinese president xi jinping for a little over half an hour at this point, marking the fifth time that the two leaders have spoken since biden took office. and officials here at the white house have said this call is about maintaining an open dialogue with one of america's greatest competitors, but they also acknowledged that there are very real points of tension between the two countries that likely would arise on this call. that includes taiwan and also russia's aggression in the south china sea, also economic competition between the two countries as well as russia's war in ukraine. now, while the planning for this call had been under way for quite some time, it is taking place against the backdrop of a potential trip by house speaker nancy pelosi to taiwan, something that the chinese have said they would strongly oppose if she moves forward with such an endeavor. president biden last week revealed that the u.s. military was against pelosi, did not think it was a good idea for her to be traveling at this time and a

when president xi jinping arrived by train from the mainland yesterday, he was not planning to stay long he soon retreated back into china proper spend the night, then came back again this morning. >> mr. sxi told the hong kong people that after reuniting they will become masters of their own city hong kong's true democracy started from there, he said. ♪ >> 25 years ago, when britain handed hong kong back to the chinese, it was richer per capita than britain and was the most transparent economy in the world. the approach which china promised to follow was one country, to systems, meaning hong kong would be part of china but would keep its freedoms. what do you feel when you think back 25 years ago, on leaving hong kong? >> i was incredibly sad. i was quite proud of the way we left hong kong, but -- and may be slightly a little biteluded in thinking the chinese would behave properly. >> because they have it? -- haven't? >> chinese leadership worried the protests in hong kong might spread to the mainland. under hong kong's ricardia national security law, more than 200 politicians, journa

the context is that domestically, xi jinping is facing pressure as the economy slows. he has the party congress, a very important event for the communist party, later this year. the question is, if those factors, how they play into his decision in terms of how to respond to the question of any visit to taiwan. gains of 0.6%, building on a very solid session and wall street. the futures in the u.s. looking at paring some gains. the s&p down by 0.2%. the nasdaq looking at losses of around 0.4%. bloomberg dollar index is up. bloomberg markets: europe up next. stay with us. this is bloomberg. ♪ ♪ tom:

and that, sure, everyone wants to stand up against xi jinping's china now. but, given the misjudgment that xi himself has made in the last couple of years, such as his draconian approach to covid, cracking down on the private sector, aligning with russia and ukraine. we cannot be confident he's going to behave in a prudent manner. and he could really launch some kind of serious military response against taiwan. so, it's important for us to behave prudently. speaker pelosi should make clear, that this is her decision, it is not president biden's decisionecause, of course, there e going to be a lot of domestic political consequences in the u.s. there will be a lot of criticism from republicans and some democrats that biden is caving into china just as we heard. i think she needs to take this on herself. of course, she's the democratic speaker of the house. she wants the democrats to do well in the midterm and in 2024. so, this is a time to just postpone. don't say you are not going, simply say timing is not right for me, i am not going. amna: dan, what about t

xi jinping, who was reconfirmed as the new chairman of china, has said he intends to reunify or invade taiwan at some point. if you see that happen, china has a huge part of its production capacity tesla has in china. there's a lot of issues. right now, what investors need to look at, who is selling the most, who is going fast, the answer is tesla. who is getting the smartest and bringing battery costs down and doing more, selling more software services? the answer is tesla. these are not secrets. volkswagen, chinese, others will catch up. it will be a question of who is flatus of foot. emily: how big a problem this the twitter saga? twitter is not going to let this go away and tesla investors have not been pleased about the commitments elon musk made. now he is tried to pull out of them. steve: tesla and elon are making great cars, i hope they stay focused on that. twitter has been a diversion and the more they can stay focused on executing -- whoever wins the electric car race is going to own a 50 year franchise. tesla is sitting pretty now but a lot of people are coming after you. w

jinping's greater area policy, that's what he promised to inaudible. his appointment has certainly worried pro—democracy activists and one former student leader nathan law has met mr lee and described him as authoritarian and more hawkish than his readers as a carrie lam and also going as far as saying he is notoriously difficult to deal with. is notoriously difficult to dealwith. —— is notoriously difficult to deal with. —— than his predecessor. where does this leave the fiver pro—democracy in hong kong? michael fought the fight for democracy. donnelly himself is hard to predict, there has been much change to the pro—democracy securement because we already have the law that has put down much of the movement butjohn does promise to move on with further national security legislation, that's because beijing imposed that law an automatic in view of hong kong's failure to make its own national security legislation inaudible was an article 23 of inaudible was an article 23 of inaudible push on with it and that would involve areas like espionag

>> yeah, i think that the circumstances of putin's vaegs, xi jinping saber rattling, missile tests from pyongyang, all of that has raised concerns here, and the joint russian and chinese bomber patrols have heightened the urgency of the security environment in asia. so i think that you're right. the public mood seems to have shifted, but in nhk poll, it reported a couple weeks ago it seemed that support for increased defense spending is rather lukewarm. only 12% of respondents were enthusiastic about a big boost. now i imagine the death of abe might change things a bit in that regard. and i think that the kishida government is committed to pursuing constitutional revision. and i think they will be able to invoke abe, be a way to honor his legacy, and so i think that they have been talking about the suspect as a terrorist, and i think that's part of a plan to include in the revision of constitution a clause that would enable the government to declare a state of emergency. >> hmm. it's interesting to see what effects might reverberate from this. we'll have to leave it there. but thank you

after he made those remarks, he went to the oval office, he has a big call with xi jinping tomorrow. >> straight back to the big business. kaitlan collins, thank you. >>> perspective from dr. wen. you wrote a column saying that the president's battle with covid could be a teachable moment for the country. he said that he is proof that you can still work even if you have covid, you just have to mask up and be careful and with the a antivirals you can be back to work pretty quickly. what else? >> well, i definitely think that there are a lot of teaching moments that the president has done right. the fact that we are all going to be exposed to covid just given how transmissible these strains are. and that is why we have to prepare for it, so don't feel ashamed if you end up contracting the virus but rather know that if you are going to be exposed here are the steps that you should take in advance. and so things like making sure that you are protected through vaccines and boosters. that is why the president has done so well. i'm glad he has done well but also not surprised because is he

beijing previously had refused to comment on president xi jinping's vaccination status. close to 90% of china's total population are fully vaccinated, but the age group above 80 has lagged. liz truss and rishi sunak have both promised to tighten border controls as they both fight to become the leader of very conservative party and prime minister. foreign secretary liz truss says she will extend the u.k.'s rwanda asylum policy and increase the border force by 20%. the committee investigating the january 6 capitol riot says it will go to the bottom of the missing secret service texts from around the day of the attack. it is seeking messages from 24 secret service employees. there are reports former president donald trump had to be blocked by agents from traveling to the supporters on the capitol. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. yvonne: still ahead, we will discuss the outlook for indian equities with our next guest. plus, the

xi jinping defended his crackdown on hong kong. xi said the former british colony should focus on its economic develop and. he said hong kong has entered a new stage of moving chaos to governance. the iran nuclear talks are likely to resume after president biden's trip to the region this month. the intention of discussions failed to overcome differences between the u.s. and the islamic republic area 2015 agreement offered iran sanctions really in exchange for curbs to its nuclear program. donald trump pulled out of the deal in 2018 and re-imposed sanctions. the stage is set for the ecb to raise interest rates this month for the first time in more than a decade. inflation in the euro zone rose higher-than-expected to a record last month. consumer prices jumped 8.4% from a year ago. once again they were driven by soaring costs in both food and energy. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. guy: t

it has to do with an important party congress that is taking place in november in which xi jinping wants to submit his bid for a third term he is facing a lot of domestic problems and economic problems and so on. the feeling in washington is if he is presented with this challenge to china over taiwan as beijing would see it, he might be triggered to take a more provocative response than he would otherwise have done because he does not want to look as if he is weak. that is the thing the administration is thinking about. >> barbara, thank you. ukrainian soldiers on the front lines are saying the rate of russia's bombardment has dropped by half thanks to the arrival of sophisticated western weapons. is it a sign the tide is truly turning? andrew harding reports. >> the familiar sounds of war thunder across ukraine. something is changing here the donbass. we are rushing to a secret location, air rare ron dave you -- rendezvous with a weapon that may be helping tip the balance. this caesar is a gift from france. today, its giant gun is aiming at a russian target 27 kilometers away. three sho

it could come days after an expected call between president biden and xi jinping. china is forcing the biggest companies to operate within a closed loop for seven days as the southern manufacturing hub bottles a covid outbreak. operations are limited to employees living within a closed loop or bubble, allowing no contact with other people. tougher stances on china in a battle to become the next uk prime minister. one says china is the largest threat to britain, proposing measures to maintain -- lesson china's influence. >> we should be cracking down on those types of companies. we should be limiting the amount of technology exports we do to authoritarian regimes. >> global news 24 hours a day, on-air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. heidi: still ahead, the anticipated rate hike from the fed is deepening anxiety over a u.s. recession. look at how that could impact currencies. shery: the ceo tells us what is needed to bring u.s. inflation to an acceptable level. this is bloomberg. ♪ and it's easie

jinping. xi delivered an ominous warning about taiwan saying, quote, if you play with fire, you get burned. the white house has refused to expand on what exactly xi meant by that. i'm joined by former congressman from california, jane harman, distinguished fellow and president emeritus. good to have you on. first question, should nancy pelosi go to taiwan? >> i think it is up to her. and the white house is saying that too. when i was in congress i went to north korea, syria, libya, and as head of the wilson center i went to taiwan. i met with the current leader when she was the opposition leader and there is a difference. pelosi is third in line to the presidency, which is why i gather china is so anxious about this visit. but she is in a separate branch of government from the executive branch, and she is entitled to go. one other comment, finally there is good news from congress, the chips bill and the energy climate prescription drug bill and if she goes now it will step on that story. so i

he also revealed he has plans to talk to chinese president xi jinping within the next 10 days as we await a decision on lifting trump era tariffs to bring down inflated costs of goods. and he also revealed, finally, that the military is apparently not too keen on speaker nancy pelosi's plans to visit taiwan. bret? >> bret: jacqui heinrich live on the north lawn, thank you. let's talk more about the president's climate agenda. mitch landrieu serving as infrastructure coordinator. also a former mayor of new orleans and former lieutenant governor of louisiana. thanks for being here. >> hey, bret. >> bret: why is this important now, right now at this time when families are dealing with high gas prices and inflation and trying to put food on the table? >> well, if i recall, you don't get to pick the controversies that are in front of you and the president has to deal with a lot of things at one time. it's not now. it's been with us quite a long time. today 100 million people in the united states of america could go outside are suffering from extreme heat. if you think about the wildfires that

been horrible. >> president biden will speak with chinese president, xi jinping, the first call since march. >> todd: they are not our friend. along those lines, joe rogan dropping a truth bomb when it comes to tiktok. >> bite dance is required to share data about you with the chinese government. >> this is tiktok privacy policy, we collect certain information about the device you use to access the platform, app and file names and types, so all your appss and file names filed on your phone, they have access to that. key stroke rhythms, it understands with china having all your data. >> and monitoring your audio, 94 million monthly active users are in the u.s., by monitoring, beijing is able to know pretty much everything about you, it is scary stuff and over and over again we know this. we've done little about it. >> carley: it is scary stuff, i'm happy i lead a very boring life. thank you. turning to this, nbc turning a blind eye to the hunter biden investigation and focuses on january 6 hearings. attorney general merrick garland, watch this. >> we intend to hold anyone, everyone cri

president joe biden says he expects to halt the chinese president xi jinping within the next 10 days. biden has been expected to announce his decision soon on whether to ease tariffs on chinese imports. u.s. president said it's not a good time for nancy pelosi to visit taiwan. they said she would lead a delegation next month. the house speaker is throwing her support behind the compromise senate bill that provide subsidies for the semiconductor industry. it signals the likely into a year-long deadlock between the house and set out on a packaging debt boosting u.s. competition. it will follow 52 converts -- for bill makers. she is planning for a houseboat as soon as next week. bloomberg has learned the first were crime cases against russians could go before the international criminal court and the hague this year. in -- the team has been collecting evidence for potential crimes in ukraine. sources say the international court is in talks with ukraine to deliver one russian prisoner to the hague. macau will reopen casinos from saturday if virus conditions allow as they have their worst e

. >> the intensifying campaign was underscored by president xi jinping's visit to hong kong last week. he warned against a repeat of the street protest of three years ago, insisting the territoryÑcÑcÑcÑc (sophie fouron) we're right in the middle of the atlantic. and out of nowhere are these nine volcanic islands. the azores were and still are a point of transit for sailors and fishermen. there's a strong sense of hospitality here, and generosity. everywhere you go, people offer food or drink. it's very charming. in the azores, there are more cows than there are humans.

jinping. take a while, if anybody thinks that this is new news, the janata suddenly became a threat, they've been living in a cave for at least 20, 30, 40 years. china has been a problem. i don't think that there anymore of a volatile issue than they were when trump is in office. the only difference was the trump really did lay the groundwork that we were not to be messed with volume was in office. i think when you look at the type of echo chamber that is coming out from the white house. it is the same type of propaganda from the biden administration has always been a part of who joe biden is. i'm not trying to downplay the issue with china. i'm just trying to say that this has been an issue, and the issue is not going to go away, especially when china can look at joe biden and look at his record for how we handle crises when he's been in office, which has been absolutely horrible. >> todd: that does not sound like a very confident that joe biden is going to stand up to xi jinping during the s

previously refused to comment on president xi jinping's vaccination status. vaccine mandates have also emerged as a surprise redline for the ruling communist party. close to 90% of china's total population is fully vaccinated, but the age group above 80 has lagged. hong kong reportedly plans to cut hotel quarantine for arrivals with the introduction of a two color health code system. the city's government is considering moving to five days of how to a quarantine followed by two days of a yellow health code that bars entry to certain venues. the australian prime minister says china's sanctions on australian goods should be lifted immediately. he said lifting sanctions is in the interest of both countries. bloomberg reported earlier this month that chinese officials are proposing to end an almost two year ban on australian coal. curbs have also been imposed on australian wine, lobster, and beef. the chief of the world health organization has declared monkeypox an international emergency. the w.h.o. director general overruled a divided expert panel to issue the

they came days after president xi jinping's symbolic visit where he reiterated the country zero covid policy. revise the 2015 nuclear deal, the statement came after the latest round of discussions ended in qatar after failing to make progress. trump pulled the u.s. out of the agreement in 2018. the biden administration wants to renew the deal in return for easing sanctions. in russia, a trial begins today for u.s. basketball star brittney griner, who is jailed more than four months ago on cannabis possession charges. the olympic gold medalist was playing for a russian team. she could face up to 10 years in prison. the biden administration calls her wrongfully detained. global news 24 hours a day, on air and on "bloomberg quicktake." powered by more than 2,700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> i indicated to them, we should be increasing production generically. i hope we see them in their own interest concluding that makes sense to do. jonathan: the president of the united states on the international stage, the next stop i

china is denying a report that xi jinping invited european leaders to meet him in beijing and is waiting for a response. the report has been called fake news. global news 24 hours a day on air and on bloomberg quicktake. powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. alix: let's stay with the help of small businesses. goldman sachs is holding a summit in washington where business owners will get a chance to meet with members of congress. joining us now is rebecca minkoff. >> thank you for joining us. i studied your career throughout the years. covid was difficult for you guys. everyone of your stores canceled orders, you let go a lot of people, then you came back and had supply chain issues. what are some of the biggest challenges right now? >> we have lived through a recession in 2008 2009. we grew during that recession. we experienced supply chain issues the fourth quarter of last year. i think it was about talking to our partners -- our retail partners being upfront. saying that some things are truly out of our control. >> we have seen a l

-- if joe biden has been compromised xi jinping knows it. >> quick michael before you go i want to ask about your latest column addressing man at thenday alvin braying needs more for the city dropping you murder charndz against bodega it was obvious the video antagonized, by a career congressional your take on bragg in this. >> i think ultimately did right thing i don't think any choice videos so clear demonstrating josÉ alvarezness innocence it was self-defense from the beginning i think i sort of other side of bragg not wanting to prosecute criminals he charges somebody with murder for defending themselves, i mean what are we supposed to do if -- if the police are not allowed to make arrests, or people are turned back free right away, and you can't defend yourself this is really an awful idea a way to prosecute you've got to go after the criminal class. maria: yeah, a great column as usual, good to see you this morning sir thank you. michael good win from "new york post". >> thank you, maria. >> the op-ed this morning, thank you, sir. . a quick break ask maria street edition is next

jinping and president biden and of course the other big topic to be focused on is terrace. the administration has been talking for months about whether or not they were going to lift some of those trumpcare a tariffs. we still don't know yet what the president has decided and this is or something china would want to see. anna: we saw this surprised compromise between joe manchin and president biden. i say surprise because of the reaction seen from wind and solar power companies. annmarie: it was a surprise. many in the political circles who have been working down here for decades were, off guard that senator schumer, senator manchin , over the past few days, remember said at this moment inflation he couldn't get on board yet with energy provisions, that he was in tax provisions, but they are now able to come together for something that would go through the reconciliation budget process with clean energy and a lot of money going into the climate change space, dealing with medicare provisions and tax hike revisions. so it's not the bill back better dream they had with the res

it is one thing biden has emphasized, even in his conversation with president xi jinping and china. he does not control congress. he does not control speaker pelosi. he can do what you. wants the way cases every day that they are not making any pronouncements about whether they should or shouldn't go. i think the challenge at this point is, i've been with the implication that she is going to go, if he doesn't go, the question is does that then just assume that they would not send it to china either. in trying to force the united states to back down? >> real quick, i talked to -- about this this weekend. he said it was an unforced error on the part of the speaker's office. do you agree? >> there are definite people who would say that. she had already said in april that she was going to go. i think, though, because of covid. it did not cause the speaker fought with china. so you have to wonder why china is more reactive to it now, months later. >> all right, peter baker, thank you so much. 100 days to the midterms, and so much at. stay the balance of power in the senate at the house,

. >> president biden and his chinese counter part xi jinping spoke on thursday to tamp down tensions over taiwan. complicating the situation is a visit to the island by speaker pelosi next month. shy that threatened an aggressive response over the trip warning bind not to play with fire as they said. the administration attempts to dis-sway the speaker from going and to forego would be kowtowing to chinese threats. >> our friends and our allies are watching this real closely. because if they see the bad guys able to threaten the united states of america, that means no country is safe from tyranny. >> so to pick this up with our panel. jessica, nancy pelosi put the white house in a tricky position because either she goes ahead and which case china threatened all kinds of action against taiwan and the united states and if she backs down, that looks weak. >> this is very tricky line to toe in normal times and now during these times with pelosi heading to the region and she's not in administration official. she's the head of the democratic caucus and those are very different and this is i

president biden will speak with xi jinping tomorrow. the call will take place in a difficult juncture with u.s. china relations. nancy pelosi's staff has not ruled out that she will visit taiwan next month. china has warned against the trip. china considers taiwan a part of its territory. the two conservative candidates set to succeed boris johnson battled it out on tv in a debate. liz truss and rishi sunak clashed again over the economy, both accusing each other pursuing policies that are morally wrong. the debate was cut short when the presenter fainted. the organizers say that she is now fine gerrans.. boeing increased deliveries of its planes and reversed its heavy use of cash. second-quarter earnings and revenue were worse than estimated. t-mobile has raised its subscriber forecast for the second straight quarter. the wireless carrier blew past inflation setbacks. t-mobile let competitors by adding 1.7 million monthly subscribers in the second quarter. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more

this call comes amid new competition between the two world powers president biden and xi jinping spoke about cooperating on issues like climate change and global food security they also spoke about russia's war in ukraine, which beijing has refused to condemn so far. and then there's the biggest point of contention, taiwan. mr. biden told xi that america's position has not changed but china did not mince words after the call the country's minister of foreign affairs saying, quote, those who play with fire will perish by it the latest pressure point is house speaker nancy pelosi's still undecided visit to the county china says they would see a trip there as provocation, threatening forceful measures. the u.s. does maintain back channels with taiwan and makes sure the island has forces to 2k5 defend itself. taiwan produces 92% of the world's most-advanced chips, including the ones that power iphones. but that could soon change yesterday the senate passed a bill to shore up manufacture of chips at home. >> this is a sputnik moment where america realized, this time it wasn't russia but chi

. >> john: so president biden has a phone conversation with xi jinping coming up in hours or maybe the next day or so. what should he tell xi about this? >> he should tell xi that we have no intention of any concessions to china at the present time for a variety of reasons. they are helping russia, they are hacking and espionage into our businesses, they are now hacking and espionage into our central bank, we have known this. he should tell xi we have no intention of withdrawing tariffs from china. we don't make concessions right now. china should be on the hook for their spying, for their espionage, and of course, their human rights violations, and their threats to taiwan, and what they have done to hong kong and so forth and so on, john. he should be tough, he should be tough. no concessions right now. tough, and i don't know whether he'll do it or not, you know. do we have confidence in that, i don't know. >> john: all right. >> nancy pelosi going to taiwan, terrific. good for her, i want to say that, good for her. >> sandra: and we have heard that from a lot of republicans on this

taiwan was one of the central issues discussed in a phone call between president biden and xi jinping yesterday. biden warned him against military action to reunify taiwan with the mainland. bloomberg has learned the chinese government did ask tiktok if it could open a propaganda account. the goal was to target western audiences with content that showcases the best side of china. tiktok turned down the request. tiktok is owned by bytedance. it has tried to distance itself from chinese government influence. in the u.k. rishi sunak has admitted he is an underdog in the race to be the next prime minister, he is vowing to fight -- to fight for every vote. the former chancellor admitted his pledge not to cut taxes until inflation is under control is not universally popular. this trust has promised to cut taxes as soon as she takes office. shares of amazon jumped we early trading. amazon's second-quarter sales beat estimates and a gave a revenue forecast for as much as 17% growth. performance expectations rose less than expected. global news 24 hours a day, on air and on quicktake by bloomb

well, president biden and chinese president xi jinping confronted each other in a marathon two hour call. one of the topics was taiwan, the chinese are demanding house speaker pelosi cancer her trip there. there is growing friction over the island that china claims as its territory. the white house said president biden said the united states opposes efforts to undermine peace across the taiwan strait while xi warned "those who play with fire will perish by it." well, there were fireworks on capitol hill today. and comedian jon stewart was at the center of it he slammed republicans who blocked a burn pit bill which is meant to help veterans exposed to toxins while serving our country. something that previously had had bipartisan support. here is cbs' david martin. >> this is total b.s.. how do you change your mind right when you're about to make a law that is going to save lives? >> this was intended to be a celebration of the final passage of legislation funding medical cam coverage for ailing veterans exposed to military toxic waste pits. instead, the failed senate vote trig a pronity l