so xi jinping had something to to to go with. oh, for i mean, it has very popular among the people right up to this day. and in fact, even though the elite, the political elite, the intellectual elite, private business people, xi jinping is popular with them by any means but with lao, by sheng or the masses in china, they've he was just fine because he was cleaning up corruption and also his nationalist foreign appealed to them because they thought, yes, it's for china to stand up in the world. so i think we should maybe you are back to the beginning. and when you first went to china, i have to tell everybody that susan beat richard nixon to china. that's really quite a feat. us when you went and why it was that the prime minister then jo ann lin you met said well i wish susan shirk was president. the united states. well, that was a pretty exciting for someone 22 years old. i was a graduate student doing my dissertation research in hong kong because. of course, no americans could go to china. so in order to study what was happeni

do we have that for xi jinping? >> we work very hard to develop that >> working on it? >> i think we work very hard to develop the very best intelligence we can. >>, but i wonder if when you're talking about his thinking and decision making if he suffers from the yes man culture you said vladimir putin does? because xi jinping got rid of a lot of people in his government. >> margaret, it's a concern in any authoritarian system. what we've seen in beijing is president xi consolidating power at a very rapid pace over the course of the more than a decade that he's been in power as well, and as we've seen where putin's hubris has now gotten russia and the horrors that he's brought to the people of ukraine, in that kind of a system, very closed decision making system where nobody challenges, you know, the authority of their insights of an authoritarian leader, you can make some huge blunders as well. >> you've said xi jinping told his military to be prepared to invade taiwan by 2027. the intel community seems a little bit more am big gu was in its conclusions here. do you th

vonnie: president xi jinping signaled an overhaul of government agencies. he told officials broader forms to agencies in the government and ruling coming his party will focus on key industries and sectors in an intensified manner. the npc is set to confirm xi's president breaking third term as president. a u.s. house committee has advanced several china related sanctions bills. the proposals approved by the house financial services committee include plans to bar chinese officials from using u.s. financial institutions and support for taiwan's membership in the imf. it is a sign of increasing hawkishness in the republican-controlled chamber amid strained relations between washington and beijing. new zealand's housing downturn deepened in february as the rbnz continue to aggressively hike interest rates. property prices fell 8.9% from a year earlier. the average house price declined to the equivalent of $582,000 u.s. the central bank makes prices will fall to 5% from the late 2012 peak -- 2021 peak by early next year. a former ftx engineering chief pled guilt

jinping._ talk with xi jinping. that's interesting _ talk with xi jinping. that's interesting so _ talk with xi jinping. that's interesting so you - talk with xi jinping. that'sj interesting so you actually talk with xi jinping. that's - interesting so you actually think that if, and i appreciate it's a big if, if this meeting was to take place, it could actuallyjust be online. i place, it could actually 'ust be online. ~ . ., , online. i think that that is possible- _ online. i think that that is possible. again, - online. i think that that is possible. again, i'd - online. i think that that is possible. again, i'd have| online. i think that that is i possible. again, i'd have no online. i think that that is - possible. again, i'd have no idea of the mechanics but i'd have thought that the difficulties of getting president zelensky to fly all the way to beijing might be quite complex. having said that, international diplomacy often depends on big gestures made by quite bold people. if there were the possibility for

yes, and something else that is closely tied to xi jinping is the i is closely tied to xi jinping is the issue of taiwan. i wonder how much of what you see happening between russia and ukraine, how that is being viewed in china through the prism of the relationship or the long—running conflict, i think it is there to say, with taiwan. the long-running conflict, i think it is there to say, with taiwan. the west has sent so — there to say, with taiwan. the west has sent so much _ there to say, with taiwan. the west has sent so much warmer— there to say, with taiwan. the west has sent so much warmer trail - there to say, with taiwan. the west has sent so much warmer trail to i has sent so much warmer trail to ukraine that they have white —— run down debt stocks and in the event of a conflict with taiwan, that could pose problems. until last year, many people in taiwan were quite fatalistic about resisting china, they thought that it is hopeless, they thought that it is hopeless, they are ten times bigger than we are, and even in the us comes to our aid, we can't really resist

xi jinping has claimed full responsibility where he can control everything. it's a big, complex bureaucratic system. once he gives the green light, some people believe there may be elements within the chinese pla who were trying to subvert diplomacy, but i think it is more likely people were on autopilot and just kept doing it. the wind may have had something to do with it. reporter: reportedly, there were failed attempts by u.s. officials to contact chinese counterparts when this balloon was circling the u.s.. what does this incident tell us about the ability to talk when they need to talk? >> yes, i believe this is the most worrisome feature of the whole incident. the biden administration tried to consult with chinese counterparts, either the chinese did not answer the phone or they answered the phone but said they needed more time, nobody feels they can take a position before xi jinping authorizes it. that might have been part of the problem. in any case, the ability to coordinate during a crisis is very worrisome. reporter: this trip by blinken that was c

xi jinping and vladimir putin have made this - else. xi jinping and vladimir. putin have made this promise, there no limits friendship, does that no limit stretch as far as china being honest with russia, and saying, listen, half the world is against you here, more than half the world is against you here?— is against you here? well, there are _ is against you here? well, there are a _ is against you here? well, there are a lot _ is against you here? well, there are a lot of- is against you here? well, there are a lot of things i is against you here? well, there are a lot of things to say about that, first of all, more than half the world is actually sitting this poor outcome if you count india, africa, latin america, most countries are actually try not to get involved in this fight between the rest and russia, as they see it. but to your broader point —— the west and russia. to a broader point, i think that clearly china is trying to say we don't want an all—out fight that would lead to years of warfare, and escalation beyond ukraine, and over three of

the wall street journal reports china's leader xi jinping is preparing to visit moscow for summit with putin in the coming months. doesn't that ratchet up the tension all over again? of china and russia get together against america and europe, that's another reason the dow is down 500 points. the dow took a leg down when that news from the wall street journal was announced. we are down 1.5%. it to selloff. al gore, known as a climate change warrior, turns out the green friendly firm that he co-owns is investing in companies that pollute the earth. we will have that story. florida governor desantis says it is unacceptable give you train a blank check, with no clear objective. role that tape. >> they have effectively a blank check policy with no clear strategic objective identify. i don't think it is in our interests to be getting into proxy war with china but just saying it is an open-ended blank check is not acceptable. stuart: are we getting into a proxy war with china. greg steube take that on in our next our. border patrol asking for volunteers to stop the surge of illegal migrants

obviously who he would rather talk to is xi jinping. are we expecting that to happen? when? >> there are some latest announcements. it looks like chinese president xi jinping will be paying a visit to moscow in the coming months. also, in the past couple weeks, particularly after the balloon incidents, the chinese president xi jinping promised a trip to taiwan as well. so, i think today increasingly the chinese leader sees an inevitable fallout of strategic confrontation between china and the united states. if that is inevitable china will garner as many as potential allies as possible to urge as many powers to stay as neutr as possible as the message that was delivered to european members at the munich security conference was to stay and exercise strategic autonomy and also, at this point in time, there is really no strategic advantage for china to alienate people who also share their worldview. >> let's rern to moscow and bring you pictures from another event there today. thousands packed into a stadium in the russian capital to hear from president putin as part of a patri

i will remain in communication with president xi jinping. we will prove -- once again to be the most capable in the road. the other thing i want to point out is that we will keep our allies and the congress contemporaneously informed on what we know and i expect to be speaking with president xi jinping. i hope we will get to the bottom of this and i make no apologies for taking down devlin. -- pat cipollone --that balloon. thank you very much. >> there has been criticism that there -- >> -- compromised -- >> give me a break man. >> there has been criticism that this was an overreaction -- >> why happy chosen -- happy chosen poland -- have you chosen poland --

-- stamping of xi jinping? >> that's possible. and the reason is that the chinese military has become extremely powerful. xi jinping has given flag officers a lot of authority, and they have been actually putting their stamp on chinese diplomacy, quote-unquote. but they've also been taking larger and larger shares of the resources of the chinese central government. xi jinping needs their political support especially now when he's having so many problems at home. so, you know, the military could have just said, look, we're doing what we're doing, or they could have just told xi jinping we're doing this, and you have no say. that is not what most people think, but that's a possibility that we need to consider especially because there have been signs over the last 6-8 weeks of real problems at the top in beijing. arthel: and i've also been reading about how the chinese military has become more aggressive in recent times. so i wanted to ask though if, even though you said, gordon, that this balloon having been shot down is an embarras

president biden wants to speak with xi jinping to ease tensions after the u.s. shutdown the suspected spy balloon. two fed officials put 50 basis points hikes back on the table. and another grilling from lawmakers amid criticism over messaging. >> governor lee very much in focus here in australia particularly over the comments he is making in -- what is interesting is he says that he is conscious about the impact this is having on the community. he has faced a lot of harsh criticism for not properly or openly communicating the path of rate hikes in the months ahead. in terms of the direction for bonds, we are probably are likely to be tracking those moves with two fed officials saying they are open to 50 basis point hikes. we are trading flat for the asx 200. we will see the staggered start comes on nine-month -- nine minutes to get fully underway. when we looked across the currency landscape, but only one trading higher was what we sow with the yen it is now trading steadily. nikkei futures are pointing to a slower start as well. china is one of the markets tha

i will remain in communication with president xi jinping. we will prove -- once again to be the most capable in the road. the other thing i want to point out is that we will keep our allies and the congress contemporaneously informed on what we know and i expect to be speaking with president xi jinping. i hope we will get to the bottom of this and i make no apologies for taking down devlin. -- pat cipollone --that balloon. thank you very much. >> there has been criticism that there -- >> -- compromised -- >> give me a break man. >> there has been criticism that this was an overreaction -- >> why happy chosen -- happy chosen poland -- have you chosen poland -- >> c-span's washington journal, every day we are taking your calls live on the air. we will discuss policy issues that impact you. friday morning, josh: discusses efforts to protect children's safety online. then you deem alera discusses the train the roman in northeast ohio. and the safety of transporting toxic chemicals. and research america president talks about federal investments f

it is not what -- not just with president xi jinping. the president believes you have to lead with their values, particularly in foreign policy. he is not shy about bringing that up. >> what is the likelihood that president biden means with president zelenskyy next week? kirby: we talked about this on the script that there is no meeting with president zelenskyy schedule for the trip right now. >> and with president xi jinping and the call with president biden, have tensions cooled enough to when the two leaders can jump on a phone right now? kirby: there is no open line communication. i am not denying that there are not still tensions. we do not believe it is the appropriate time right now for secretary blinken to travel to beijing and you heard the president that he will want to have another conversation with president xi jinping as you expect he would. what we do not have anything on the schedule right now we have to do that at the time of the president believes it is appropriate. i know the question was all about president biden and p

i will remain in communication with president xi jinping. we will prove -- once again to be the most capable in the road. the other thing i want to point out is that we will keep our allies and the congress contemporaneously informed on what we know and i expect to be speaking with president xi jinping. i hope we will get to the bottom of this and i make no apologies for taking down devlin. -- pat cipollone --that balloon. thank you very much. >> there has been criticism that there -- >> -- compromised -- >> give me a break man. >> there has been criticism that this was an overreaction -- >> why happy chosen -- happy chosen poland -- have you chosen poland -- >> mr. president? >> house speaker kevin mccarthy is traveling to the u.s. southern border in arizona with freshman gop lawmakers and the speaker, who has been critical of the biden administration border policy has been critical -- at 4:45 eastern time and you can watch on her website at c-span.org and on our free video app c-span now. >> all this week, but beginning at 7 p.m. eastern,

how closely is xi jinping and china watching the war in ukraine? >> xi jinping is likely watching the war in ukraine very closely because it has both economic implications for china, diplomatic implications for china, and military implications for china. >> norah: toshi yoshihara has spent his career studying the chinese navy. he says xi jinping is learning lessons as the chinese president considers invading taiwan. >> the first is the nuclear saber rattling that putin engaged in at the outset of the conflict. now, while putin's nuclear threats did not stop the west from helping ukraine, i think it was clear that the united states and its nato allies were very cautious. took putin's words seriously. and so, xi jinping might learn that it might be to china's benefit to similarly engage in early nuclear threats. >> norah: republican congressman mike gallagher is a marine veteran and chairs the new house committee focused on china. >> one of the lessons of ukraine is that when dictators tell you they are going to do something, you should pay attention

how closely is xi jinping and china watching the war in ukraine? >> xi jinping is likely watching the war in ukraine very closely because it has both economic implications for china, diplomatic implications for china, and military implications for china. >> toshi yoshihara has spent his career studying the chinese navy. he says xi jinping is learning lessons as the chinese president considers invading taiwan. >> the first is the nuclear saber rattling that putin engaged in at the outset of the conflict. now, while putin's nuclear threats did not stop the west from helping ukraine, i think it was clear that the united states and its nato allies were very cautious, took putin's words seriously. and so xi jinping might learn that it might be to china's benefit to similarly engage in early nuclear threats. >> republican congressman mike gallagher is a marine veteran and chairs the new house committee focused on china. >> one of the lessons of ukraine is that when dictators tell you they're going to do something, you should pay attention. >> president b

under president xi jinping ccp has expanded overseas activities of mps. using secure the cooperation as a tool expand its influence and shape global security norms. it is to put understood and as a domestic facing asg a tissue. stated they responsible include law enforcement and criminal justice work. invitation parties include authoritarian political policing such as stability maintenance, for contorted potus, right and of the form of dissent. the mps is a core part of ccp course oppressively upon the main the main tools to maintain political power power and social order. the scope of the international activities can be divided into three categories. number one, unilateral actions including transnational repression and illegal rendition campaigns. number two bilateral engagements include bilateral meetings, agreements, capacity building activities, material assistance and extraterritorial jointex and security patrols. three multilateralnd engagement including grecian new international institutions and activities have been established by such asst interpo

and now xi jinping just a couple days ago is rescinding the agreement between the s.e.c.'s pcaop and the crr audits where he's telling the companies to fire western auditors. i don't know how much more we need to see for the american public and investing public to realize that china is not our friend while xi jinping is running the country. in fact, there are competitors some may say and our worst adversary others may say, i would be in the secondary camp. >> is china investable as an economic or morale proposition is it a place where you would put money and feel comfortable about it the stocks there have gone up a lot over the past six months >> you know, i understand that things trade around and things bounce but when you think about the long-term viability of any investment you have in a chinese entity, i can't imagine you running a risk model or anyone running a risk model today thinking the rewards outpace the risks enough to make the investment in fact, investors and f fiduciaries lost their money in russia the day putin invaded ukraine. i say it's russia today and c

but just how much did xi jinping know? >> yeah, i mean, you're talking about more than 40 countries across five continents, according to a senior state department official. >> wow. >> these balloons have gathered intelligence. this program has been going on with president xi's direct knowledge. however, lawmakers brief on this have been told that this particular balloon at this particular time may have been dispatched without the knowledge of xi and also without the knowledge of senior people's liberation army and communist party leaders, erin. >> well, that's incredible. i guess

so for him to say that we're well-positioned and saying other dictators don't envy xi jinping, i can guarantee you that putin envies xi jinping and everybody is looking to china for the blueprint on how to neutralize any power that this beautiful country, united states of america, has had over the last couple decades. it's very dangerous. >> martha: how about this exchange with judy woodruff and president biden. it's worth taking a look at what he said when asked about the threat from china and what kind of a difference this particular incident makes. it's a little lengthy but worth listening to it. watch this. >> have relations now between the u.s. and china taken a big hit? >> no. no. >> how do you know? >> i know. i talk to them. >> you've talked to -- >> xi jinping and our team talks to their people. >> during this and distinction? >> i haven't talked to them during this. >> oh. >> but look, i mean, the idea shooting down a balloon that is gathering information over america is -- makes relations worse? look, i made it real clear to xi jinping that we're going to compete fully wit

finally, xi jinping -- i've been barred from going there by the ccp. xi jinping and the ccp systematically murder, jail, torture, persecute their own citizens, and as we all know it does pose an existential threat in the region and the united states. we need to up our game and mitigate the threat to our own people. americans deserve better and this resolution is asking the tough questions so that happens. i yield back. >> the gentleman's time is reserved. >> i'm please to yield two minutes to the gentlelady from california. >> thank you for yielding and for your leadership on the foreign affairs committee. i rise in strong support of this resolution condemning the chinese commonest parties use of high-altitude surveillance balloons over u.s. territory as a brazen violation of u.s. sovereignty and international norms. the bloom has been shot down, and i thank those who bravely completed the mission. however, many questions remain, an intelligence reports show what we all knew. this was neither a coincidence or something to be taken lightly. there survei

maria: especially against xi jinping. >> especially, yeah. you talked about biden shaking in his boots, or president xi, i forget what you said. i'm shaking in had my boots as the geopolitical tensions are hescalating. we seem to be getting closer and closer to potentially a world war iii every single day of the week. maria: i think this is soft war. they breached our sovereignty. this is a soft war. >> to the geo politics of it, we're in a difficult situation. it's been u.s. policy to clevee china and russia away from each other. if the countries come together in a authoritarian consistent consensusagainst the united sta. it could be extremely dangerous moment for our country. maria: very good point. >> there's very few times, i would push back a little on that, in the sense that there's not had that many times when russia and china's self interests you aline all that w. china is the dominant player here. so they basically sub subjugated russia. i don't think we're at the point where had the will kick in lethal aid. >> are we pushing them cl

maria: he hasn't even confronted xi jinping on china's provocations. >> which he needs to do. maria: it's three years since covid arrived in this country and we still don't know the origins and joe biden won't raise the issue with xi jinping in the five times he's spoken with him. >> it's a little ironic that we're okay with going after putin because of what's going on in ukraine and you're right, with china we're not even calling them an adversary. we're calling them a competitor. maria: that's right. >> and acting like things are fine and dandy with the u.s., china relationship. he's inconsistent on a lot of these issues and that's not necessarily great for u.s. leadership on the world stage. >> china's perspective, they're at war with us. i don't mean we're lobbing missiles at each other. maria: it's a soft war. >> it's a soft war in a lot of different ways. we need to be more pragmatic about what our relationships is with china. we should make no mistake. china should be our number one focus. we can't take our eye off the ball, despite the conditions in ukraine. maria: muc

. >> that was how donald trump began his relationship with xi jinping. this is what we're doing, this is what just happened. enjoy your chocolate cake! then joe biden wakes into oval office goes soft on everything trump put in place. from the china initiative, to the -- you know response to covid-19, "the wall street journal" is out with a new report today, they are linking tiktok's push to winner over washington with huawei's unsufficiently strategy, tiktok ceo to receive before house in a manipulative, just this week tiktok gave journalists a tour of what it is calling transparency, accountability center, steve what a joke. they are spewing out propaganda, swaelg american citizens now we find out about this balloon until the sky. what is about administration doing about it. >> i can't improve on what you just said i add though we were spending hundreds of billions of dollars on climate change as if federal government is going to change the planet's temperature and, yet, the real threat to america, right now, is what is happening in beijing, this commun

jinping doesn't listen and floats more and then xi jinping hung up on the biden administration. that makes the saudis and chinese send joe biden to voice mail. he has to come out tonight and say specifically what the consequences are if china keeps floating balloons. that's what the american people expect. >> jeanine: harold, this wasn't the first time apparently that a balloon, chinese balloon and i call it a chinese spy crap is flown over the united states. earlier today it was believed to be the fifth and then we get this report that mike gallagher -- mike turner i should say, chair of intel thinks it may have gone over ten, over every place with a missile defense site. and it appears there's a problem. i want you to listen to this sound. >> it's my responsibility to detect threats to northern america. i will tell you that we did not detect those threats, and that's a domain awareness gap we have to figure out. >> jeanine: domain awareness gap? how come the chinese know about it and we don't? >> harold: that's a good question, judge and it would de-move the president to talk

name me a world leader who'd change places with xi jinping, name me one. name me one. >> selina wang is out front in beijing. selina, pretty incredible, the passion, the force behind that, pointing and how was that seen by xi jinping and the chinese government? what's the response? >> yeah, erin, i mean, that was probably one of the most fiery parts of the speech. he was practically shouting by the end of it, and beijing's response to the speech has been that the u.s. is smearing china under the, quote, pretext of competition, and so really in addition to directly calling out xi jinping, biden had also really underscored this rhetoric that autocracies have grown weaker around the world and we've seen his administration pose this challenge of autocracies versus democracies. china's minister of foreign affairs also said they don't want the entire u.s. china relationship defined by competition. from beijing's perspective, that speech underscores their view america is trying to keep china down and contain its rise. they really see biden as building on top of f

imagine in the coming weeks maybe the news house majority leader mccarthy will travel to taiwan xi jinping the us. imagine in the coming weeks maybe the news will be under pressure to be even more aggressive in his reaction then he was last year when nancy pelosi went, we will see if i just and i think it was a little bit of surprise for latin america a lot of latin american countries in particular south american countries actually quite sympathetic towards china. i'm looking at brazil but also argentina and you know that they are not also part of this spying program. you know, i don't think it's necessarily gonna drastically change their relationship because they massively benefit economically from china. but at least you know like it might at least kind of pause the very pro china discourse that exists in these countries. we send an alarm. hohowever, on this table, it seems like no one really doubts it was a spy balloon. however, we know that each part is trying to sell it in a different way. was it a clear case of espionage or just an innocent weather balloon? the chinese government say

first, give us your reaction to this visit between iran's leader and xi jinping china. >> maria, this is what we see now, we should have seen this coming a decade ago. we have been following chinas' regime and iran's regime for many years many as long as iran was getting the cash from the iran deal, remember, 2015, $150 billion, going from the international community, from the united states, from europe, to iran, china played low profile. when did the china/iran agreement came to fruition, it was after our withdrawal from afghanistan. we suddenly saw the summer of 2021, china being interested in buying everything iran had including energy, equipping iran with more material, so on, so forth. now you have an open relationship and historically for the first time, a chinese communist leader will be visiting the islamic republic. that is an earthquake in the region. maria: tell me about that. why is it such an earthquake in the region? obviously, china is supporting iran and it's interesting to see how complicit the chinese communist party is, making believe it's a partner of the united st

xi jinping and putin their biggest vulnerability is they fear their own people and we need to exploit that. >> i think that can unify republicans and democrats. >> i want to follow up on one more thing on china. there's a report today that another intelligence arm of the u.s. government -- this is inside our energy department -- has joined the fbi including that covid began with a lab leak in china. if we end up determining -- if our intelligence community over time determines this is the majority vancouver and it's the u.s. government's view that this was a lab leak in china and that government covered it up, what should be the consequences? >> well, i think we need to have public hearings on this and dig into it. think about what just happened over the last three years. one of the biggest pandemics in a century and a lot of evidence coming from the chinese and other countries raised it like australia that chinese used their course of economic activities to shut people up. so i think we need to do extensive hearings. i hope our democratic colleagues in the congress can support that.

the wall street journal reports chinese president xi jinping is preparing to visit russia for a summit with putin in april or may. global news powered by more than 2700 journalists and analysts in more than 120 countries. i am laura wright. this is bloomberg. anna: thank you. laura wright in london. lloyds shares have dropped in early trading after reporting profits that missed estimates. the british lender has also announced plans for a share buyback program of up to 2 billion pounds. i am joined now by the ceo, charlie nunn. nice to speak to you again. i want to start with your guidance on how the year ahead looks to you because you have announced a big buyback and you are upgrading guidance. i wonder what gives you the confidence to make those statements today. charlie: thanks for having us. as you said, we just announced a resilient set of results for 2022. as we look forward, there is a resilience for lloyds banking group and our ability to continue supporting our customers but grow the business as we look to 2023. our strategic objective is around 2024 and 2026. we have confidenc

. >> will xi jinping hear that message? china may soon give russia lethal weapons to help support the war in ukraine. struggling to make progress. the administration warns beijing not to help reinforce the russians. this all comes as new fox news polls show that two thirds of those that responded say that china is a major threat to our country. representing district in iowa and serves on the newly formed house select committee on strategic competition between the u.s. and china. looking at what china is doing against us. congresswoman, welcome. what would it mean to you if china does not listen to president biden and start supplying vladimir putin with weapons. >> thank you for having me on. china and russia have formed some kind of unholy alliance at this point. we have spent so much time appeasing china. it's time we start competing with china. that is why the work we are doing with the communist party is so important. what has that appeasement gotten us? lack of our intellectual property. the chinese buying with us. not

xi jinping has yet to speak with zelenskyy. if you remember, china used to be the largest trading partner of the ukraine. china has always supported the sovereignty of nations and opposed interference by other countries, yet putin really snookered xi jinping into taking his side right before he invaded ukraine. now i think xi jinping is stuck in a tough spot. >> what about reports the u.s. has information that beijing could provide moscow with weapons? is that something that could destabilize the balance of power? >> it is interesting that secretary blinken decided to make this claim, or this morning, public. of course, it is very serious. at the beginning of the conflict, we communicated very clearly at the highest levels that if china provided tangible support to russia in this brutal, unprovoked invasion of ukraine, that we would impose sanctions on china that were possibly just as damaging as what we have done to russia. so they have had this morning for a long time. by and large, they have not provided tangible assistance.

. >> you've talked to xi jinping? >> xi jinping before and our team talks to their people. >> during this instance? >> i even talked to him during this. this. >> bret: mr. chairman, how could it not affect relations between u.s. and china? i don't fully understand that answer, do you? >> i don't. it seem add little naive in a way like i know him. he needs to know the intelligence that's out there and read what chairman xi says about the 100-year marathon and his intentions are very clear. if this was intentional, the fly over united states and we do know once it was over our air sparkes they could control the aircraft and decided to keep it on course throughout the united states and collect data. that obviously impacts our relationship with china. it makes what's already deteriorating relationship even worse. this is not good and i don't know why chairman xi decided to do this right now at this time when the secretary of state was getting ready to visit. >> bret: senior pentagon officials say they felt confident they

we now understand from that xi jinping is preparing to visit vladimir putin. is this a peace negotiations for the ukraine-russia war, or is it an enabling visit to fund the war? is that a big risk for china with u.s.? >> i think this is an open question, and very interesting to see unfurl over the next couple months. as you say, wang yi is in russia. yesterday he met with members of the security apparatus. today he will meet with lavrov. you mentioned the relationship being rock solid, and also to promote mutually beneficial cooperation in all areas. you get this sense china is positioning itself as a alternative leader to the u.s.-led world order. but also coming to the table and trying to be a neutral broker on this ukraine deal the roadmap of which we will apparently get on friday. it seems china may be changing where it is positioning but we will see what we get from lavrov and wang yi later today. manus: oliver, thank you very much. all on the ground in warsaw. hong kong will give vouchers to cut the tax rate for first home buyers, all this as they seek t

and according to the "financial times" was slated to meet with the chinese president xi jinping. and president biden they knew about it, he was first briefed tuesday on the spy balloon. on wednesday a ground stop was issued for a swath of air space stretching 200 miles. this is from helena, montana, to billings. the public did not find out in any widespread way till you all saw it thursday night. it was only after that that blinken abruptly postponed his trip to beijing. now we are covering this story from all angles tonight. oren lieberman is at the pentagon. selina wang is in beijing. and tom foreman is tracking this spy balloon. i want to begin with oren. so what more are you learning from your sources there? >> reporter: the pentagon not buying at all this chinese explanation that it was a weather balloon that just happened to have floated off course because of strong winds. we've already seen part of that response, as you pointed out. secretary of state antony bli blinken delaying his visit to beijing which would have been the first visit of the top u.s. diplomat to beijing

jinping? >> i have. >> what's your relationship with him? >> i don't have an intimate relationship with him and it's hard to understand and predict. he loves his country like we love ours, but i think that he's pragmatic enough to truly understand that his vision for china, in my view, would be enhanced by cooperating in a way that builds good relationships with america, but i can't speak for the chinese government or president xi. >> back at home, schultz finds himself more optimistic on the u.s. economy. >> i don't see a recession coming as a result of this and i think inflation will come down by the end of the year. i think we'll hit peak inflation and the saber rattling about the recession from so-called economic experts. i think there will be a soft landing. >> saber rattling. no one had anything to worry about on the economy. >> we just can't make the american people so nervous. i think there will be a soft landing and i think for starbucks i don't think our prices are going up. >> thank

or not the president raised this when talking with xi jinping? >> i do not know if the president was able to get to it when they had a conversation. as you and i know the relationship between china and the u.s. is complex. a lot of issues on the table. there is no doubt this administration and the secretary are both keenly aware of the importance of this issue. they have charged us at the state department with reaching out to our international partners to work as closely as possible. >> i think complex is as kind as way you can say it when regarding the relationship with china. we understand, from other people of the state that you guys are getting the heisman from them. they are stiff arming and saying you guys should keep using drugs. is that your strengths? todd: we have had very limited engagement with china on this issue. in particular i know our ambassador, ambassador burns in beijing has had some conversations at the ministerial level. there is a lot more that we can do together. we know good things happen when china takes responsibility f

judy: you have talked to xi jinping? pres. biden: i talked to xi jinping before, our team talks to their people. judy: during this and since? pres. biden: i have not talked to them during this. but look, the idea shooting down a balloon that's thg information over america and that makes relations worse? i made it clear to xi jinping that we are going to compete fully with china but we are not looking for conflict. that has been the case so far. you are very informed on foreign policy. canou think of any other world leader who would trade places with xi jinping? not a joke. i can't think of one. this man has enormous problems. he also has great potential. he has an economy that's not functioning very well. he is in a situation where -- for example, everybody assumed china would be all in with russia and ukraine. they are not all in. i called this summer and said this is not a threat, just an observation. look at what has happened to russia. 600 corporations have pulled out of russia from mcdonald's to exxon. you told me all alo

worries over geopolitics and president xi jinping's consolidation of power ahead of the npc. fresh fears of a financial crackdown as china renaissance reveals assisting an investigation. rishaad: k at of the g20. could not decide what was going on in ukraine. david: what to call it. rishaad: friday did see the pce report which shows it among the pigeons. really coming in stronger than expected. looking at personal spending because that was higher than expected. people paying on take. if you look at credit card debt at the moment hitting all-time highs so you know where the money is coming from. david: consumer leverage is something they are not prepared to act on. which is why markets are having an adverse direction to what is quite a fluid process of repricing how the five -- how high the federal go. lows of the day all down to how high hong kong will,. left side of your screens. four weeks of dollar strength and that is what we are seeing across the region. so vermont's following what we saw in treasuries. virtually the highest since 2007. when you have that you have what y