Set to expire and white house chief of staff mark meadows is here with an insiders look from the white house as the screws keep turning on china. Attorney general bill barr calls out Corporate America for beijing and senator john kennedy will join me with what his move will be next and also Global Investor ray dalio is here responding to ag barrs warning about china plus what does all of this mean for the 2020 election former white house chief strategist steve bannon for his message on President Trump on what it will take to win in november. All that and a lot more as we look ahead right here right now on sunday morning futures. Maria all that coming up but first, flags across the capitol are at half staff this morning in remembrance of civil rights icon, john lewis. The long time georgia congressman passed away friday night after a battle with pancreatic cancer he was 80 years old. Lewis was the last living speaker at the 1963 march on washington where dr. Martin luther king jr. Delivered his i have a dream speech. House minority leader Kevin Mccarthy was his friend and colleague, he joins me now, congressman it is good to see you this morning. My condolences. Good to see you maria. Thank you and i do want to talk about john lewis just for a moment because he lived such an extraordinary life and was an unbelievable man. At such a young age he tried to cross a bridge simply to give people the right to vote. He did it in a peaceful manner and he was beaten almost to his death. Ive walked across that bridge with him before, and when he would tell the story he would stop at a moment and says i can not remember beyond this point because they could beat him and he did it in a peaceful manner to help change this nation, that no longer people knew choice about which bathroom they use or which counter they eat on or even registering to vote. He made this nation better and he lived his life in a manner we could all respect and live up to and he was kind to all, and i just spoke to him a couple weeks ago, checking on his health but talking to him about whats happening in the nation today because he did it in a peaceful manner to help preserve and actually create a more perfect union. I think a lot to understand him and live by his example, to make this nation better. Maria yes, thank you for that. When we go to break after our interview were going to show a little clip of john lewis which is a beautiful clip and something that i know that our audience will love so stay with us for that but let me get to the business at hand for our viewers and youre going back, congress will return to work tomorrow and you are looking at a potential next stimulus package, a relief package. What should be in that package, congressman . A number of things should be in that package but we also have a large amount of money, more than about 1. 5 trillion still out there that weve already appropriated that we need to get into this economy, but the things i look for and the things we need to do, we need liability of protection, because these Small Businesses are questioning whether they can open again. Our schools and others, so lets protect those as we move forward lets also look at anytime youre using federal money it shouldnt give you de incentivize the ability to work. Weve made a mistake where we overpaid on Unemployment Insurance where now its hard for people to come back to work because theyre making more on unemployment than they can working so weve got to straighten that out as we move forward. I would look at places that we should prioritize the safety when it comes to child care, or for our children, our teachers inside schools, and then i would look at the supply chain. If we learn nothing from this , not the lies of china but bringing those jobs back to america, but also our supply chain itself, not being beholden to china for so much of our Critical Minerals and others , lets find a way that we improve it here and for our stockpiling id do that in a different manner working with the private sector to stoppile it. Maria so the president would like schools to open in the fall , congressman. Will there be money in this next bill for schools and what about the states . Are these the priorities right now for that next bill . Well the uniqueness of what we have right now, maria, we have more than 100 billion that weve already appropriated that can go to the states. I think we can look at ways that we can make that greater flexibility and lots of times were finding when we sent these moneys to these governors that theyve held it up instead of pushing it down to the counties and the cities. I would like to see more flexibility where it goes to the counties and cities in the place of need. We would look at hospitals that they need more in the process of where were going forward. We also have more than 100 billion sitting there for such a Successful Program of ppp for Small Businesses, that saved millions of jobs. Now were seeing that some states have to close certain portions. Is there a greater need for Small Businesses . We already have money sitting there, so could we use the money already appropriated to solve some of these problems . Maria sure, i understand, but you know, the democrats are pushing back on the president saying he wants to open schools, and i wonder how much of this is politics, although you know, it is scary for parents to say were going to send our kids backtoschool and we dont know what the situation is in terms of the coronavirus. Were seeing spikes across the country and here is what President Trump told me just recently when i interviewed him at the beginning of this pandemic. Listen to this. Your critics want you to keep it closed going into the election . President trump yeah, i do, i do. I think its a political thing. Maria theyre saying youre putting money, business, ahead of lives. President trump no, no. I think the people that want to see the right thing happen, they agree with me. They have to get our country open. You know if it was up to some people lets keep it closed for a long time, okay . A long time and watch the United States go down the tubes. Not going to happen. Maria i mean, i guess we are going to be living with this , congressman but can we actually go back to our normal lives safely right now given these spikes that were seeing across the country . In certain parts of the country you can. Nobody wants to send somebody to school thats unsafe. Thats why congress should actually look at this. How can we protect when it comes to child care, the children in school and the teachers but whats more important when you look at these recent studies youre finding that children should not, have not kept their reading, their writing and their math, losing more than 30 of it we cannot have a whole generation thats uneducated. So what we need to do is actually put that plan together, because weve got to make sure, schools can reopen, and that takes a responsibility of what were doing and now were finding even in california where la and san diego say theyre not going to open for the whole year . Remember what is happening here with warp speed. Weve got five companies that are in barter that have a real promise of having a vaccine, could even be this year. Or the therapies coming forward tomorrow is going to be better than today based upon what this administration is doing. Yes . Maria look whats happening to our cities i know you have a bill right now to punish anybody who is taking down statues, but theres a Massive Movement across the country on the other side of the aisle, your colleagues on the left they want to defund the police. Listen to joe biden recently. Here it is. We agree that we can redirect some of the funding . Yes, absolutely. One of the things that we also need to be doing is fundamental ly changing the way and ive been pushing it for years, changing the way we deal with our prison system. It should be a rehabilitation system, not a punishment system. Maria well what does that mean, congressman . Because we are seeing this bail reform in new york allow criminals back on the street and thats one of the reasons crime is skyrocketing. What is your responsibility as the leader of the gop to get law and order back in place in this country . Well every american should be scared right now because what you just showed country was joe biden said yes, he is for de funding the police. Youve got congresswoman omar who wants to dismantle america and then youve got nancy pelosi whose allowing them to destroy america from statues and on. We have a responsibility for rule and law and for justice , and what were watching the democrats doing, watch what nancy pelosi just said the other day. She thinks whats happening is in portland is a graffiti problem. No its a mob problem that is overrunning. You have people across this nation scared to death. You have Young Children being murdered, because what theyre doing to the police department. This is wrong. Maria so your bill does what . Our bill will withhold federal grants for cities that do not uphold and protect the statues, because the cities have the responsibility for law and order, not to leave these precincts, not to allow these mobs to rule our community. We have to stand up to this. Maria it is scary out there i agree with you congressman its good to see you this morning we certainly will be watching the developments thanks so much congressman Kevin Mccarthy this morning. Well see you soon, sir thank you. Coming up white house chief of staff mark meadows on the hot seat over the administrations response to the coronavirus. As we take a break a look at the late, great, john lewis. Usaa is made for whats next no matter what challenges life throws at you, were always here to help with Fast Response and Great Service and it doesnt stop there were also here to help look ahead thats why were helping members catch up by spreading any missed usaa insurance payments over the next twelve months so you can keep more cash in your pockets for when it matters most and thats just one of the many ways were here to help the military Community Find out more at usaa. Com but what if you could stdo better than that . K. Like adapt. Discover. Deliver. 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Maria welcome back weve got new fox news polls released this morning and it shows coronavirus is the number one issue for voters heading into the 2020 election more than half disapprove of how the president is handled with this pandemic im joined right now by the white house chief of staff mark meadows leading the administration through this crisis and mark it is good to have you thanks very much for joining us first off what can you say to your critics who say the president has fallen short in his response to the pandemic . Well obviously, anytime that we get faced with something that is new and unusual, you actually have to engage and so this came from china in the last four or five months. Weve been having to figure out how to provide personal protective equipment, ventilator s, making sure that we have hospital beds and i can tell you as we look forward there are a number of things that were working on to make sure that we have the therapeutics, even as recent as this morning shipments going to florida and indiana and other places to make sure that some of the treatments that are needed in these critical areas are actually happening and i also can tell you that its a 24 7 around the clock kind of work. I was on the phone with the president this morning as we were working on some of the responses. Youll see some new initiatives coming out this week as the president is not only leading but will continue to lead and step unin a number of fronts. One that you just mentioned earlier maria is about our schools. How are we going to open our schools and make sure that moms and dads dont have to worry about the safety of our children theyre going backtoschools and so there will be over 70 billion that this president has already authorized to work with congress to try to make sure that we not only keep the classrooms safe but the teachers safe and students safe and youll see a very broad fivetosix points in terms of what we will be doing in terms of making sure that our schools are safe. Maria thats really important, obviously we are going to have to live with this for a little while, before we get the innovation from our pharma sector and a vaccine. Tell me what the president would like to see in another relief package, mark. Where are we in terms of the relief and the impact on the economy and peoples livelihoods . Well theres the discussions have just started over the last week or so. Weve been having a number of internal discussions over the last couple of months, but as weve started to engage with our senate and house colleagues up on capitol hill, those will start in earnest starting tomorrow, monday i know that leader mcconnell and leader mccarthy will be coming into meet with the president and Steven Mnuchin whose leading it from our side to actually start to fine tune it so id see theres three different areas that were going to make sure of, that we have enough money to make sure that we expedite not only the warp speed as it relates to the treatments that we have, whether it be therapeutics or vaccines, but we also want to make sure that we keep people employed. When you look at the economy and where we need to go with it, were not going to be shy about making sure that we have protections for the American Worker and those that employ individuals and so youre going to see an additional thrust there. It looks like that that new package will be in the trillion dollar range as weve started to look at it whether its a payroll tax deduction, whether its making sure that Unemployment Benefits continue, without a disincentive to return to work and then bluntly, were looking at a number of areas to look at manufacturing, bringing some of those critical manufacturing jobs back from overseas, so that were never put in a situation where we have to depend on Foreign Countries to make sure that we can protect americans. Maria and the president has talked about the crime across the country as well. Is there something coming in terms of an executive order on returning law and order to this country . Well hes already done a couple of things but hes working very closely with attorney general barr. I can tell you that this week what were looking at is not only looking at what a lot of people have called the executive order on statues, which he did that but thats really the statues are one thing but its really about keeping our communities safe and the president s committed to do that. Some of the unrest that we saw even in the last month or so but particularly last night and the week leading up to it in portland, its just not acceptable when you look at communities not being safe and not upholding the rule of law, so attorney general barr is weighing in on that with secretary wolf and youll see something rolled out this week as we start to go in and make sure that the communities whether its chicago, or portland, or milwaukee, or some place across the heartland of the country, we need to make sure that our communities are safe. Maria mark let me turn to the russia probe. You did such an excellent job when you were on the Oversight Committee in terms of zeroing in on the origins of the russia probe. We now know for sure Lindsey Graham told us this about a month ago actually, so our audience was aware that the fbi knew that the dossier was just made up garbage, and the sub source told the northbound agents that and yet james comey and Andrew Mccabe kept on pushing forward renewing warrant s to spy on carter page and your reaction to what we know now an when are we going to hear from john durham and will there be indictments, sir . Well i think the American People expect in dye indictments i know i do expect based on the evidence weve seen. Lindsey graham did a good job in getting that out. We know they not only knew there wasnt a case but they continued to investigate and spy and yes i use the word spy on Trump Campaign officials, and actually , even doing things when this president was sworn in, and after that, and doing it in an inappropriate manner. Youre going to see a couple of other documents come out in the coming days that will suggest that not only was the campaign spied on, but the fbi did not act appropriate ly as they were investigating. Its all starting to come to unravel and i tell you its time that people go to jail and people are indicted. Maria its just unbelievable that for three years, this president was investigated and investigated again over something that wasnt even true and the entire country was up in arms about collusion. I mean, you know, i dont hear anything on the other side of the aisle about this wrongdoing, which is just stunning to me. Well it is stunning and here is the interesting thing is its not only that it wasnt true. The problem is they knew it wasnt true and when you know something is not true and you continue the investigation, thats collusion. Thats the kind of thing we must stop and thats where we need to hold people accountable. Maria mark its great to have you this morning please come back soon. Thanks so much. Thanks, maria. Maria coming up next louisiana senator john kennedy with breaking news on what to expect from the senate as we look ahead on sunday morning futures, experience the adventure of a bigger world in a highly capable lexus suv at the golden opportunity sales event. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Experience amazing my money should work as hard as i do. Thats why i use my freedom unlimited card to buy heavier weights online. Got it go time with freedom unlimited, youre always earning. I shouldve purchased lighter weights essential for sewing, but maybe not needles. For people with certain inflammatory conditions. Because there are options. Like an unjectionâ„¢. Xeljanz. 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Lawmakers are returning to washington tomorrow to negotiate the next Coronavirus Relief package, but can both sides reach an agreement before millions of americans lose their extra Unemployment Benefits at the end of july . Joining me right now with his expectations for a bill is louisiana senator john kennedy, sir its great to see you this morning thanks so much for joining me. You bet. Maria what are your priorities for a next stimulus bill . Do you want to get something out before the recess starts again on august 8 . Well, it depends on whats in the bill, maria. I dont know whats going to be in the bill. I dont know if there will be a bill and frankly, neither does anyone else. It takes 60 votes to pass a bill in the senate. The only thing im certain of right now is that the bill we pass, if we pass one will not be speaker pelosis bill. It is untethered to reality and among most senators including many democrats, its about as popular as a sinkhole. Among the topics that we will talk about will be number one, maybe the most important, getting our schools open. Extra money for k12. Most fairminded people believe that keeping our schools closed will do far more damage to our kids than the coronavirus ever can. Having said that, i know a lot of parents are scared. If you dont want to send your child backtoschool, you shouldnt and you shouldnt be forced to, and if youre a teacher or an employee and you dont want to go back, dont. Thats between you and the school board, but i think well have enough kids, enough teachers, and enough employees with the right resources, to get our schools open. We probably shouldnt have closed them down to begin with. Maria there is also some consensus on limiting ability for businesses, schools, and government in terms of their liability. Is there consensus there, will that be in the next bill . Theres not a consensus on anything, but the other issues well talk about will be as you pointed out, limiting liability for our schools and our universities, and our hospitals, we will work on trying to give relief to people laid off who lose their health insurance, well talk about additional ppp, well talk about additional unemployment compensation, payroll tax cut will be on the table as will direct stimulus payments to American People, but again theres not even close to a consensus yet. Maria urls working on a bill. I want to move on to china. Youre working on a bill that will prohibit American Companies from collaborating with the Chinese Communist party, a really stunning speech this week by attorney general bill barr. Lets hear that and then i want to get your take on where we are with china. Here is bill barr. The ultimate ambition of chinas rulers isnt to trade with the United States. It is to raid the United States. If you if you were an American Business leader, appeasing the prc may bring shortterm rewards but in the end, the prc s goal is to replace you. Maria pretty stunning comments there, senator. What can you tell us about this . The a. G. Called out Technology Company cisco, google, microsoft , yahoo, apple, all by name. What is at stake if these Companies Continue working with china . General barr and my estimation is absolutely correct. The Chinese People are wonderful people, but theyre government, the communist party of china is comprised of a bunch of outlaw, theyre bullies. They understand only strength. If youre too nice to them if you turn the other cheek, they just stab you in the neck. The poster child for what the general was talking about is the leadership at the National Basketball association. The nba leadership is so greedy , so anxious to do business in china, that they do whatever the Chinese Communist party tells them to do. If the party told the leadership of the nba to join the taliban, the nba leadership would say wheres the line . Im working on a bill that would prohibit American Companies from giving into this bullying by the communist party of china. It would say basically, if you give into them, you violate american law. Its a delicate bill to draft and were working on it, but barrs right. Maria we want to show you this video of the wegers in china. Now this video was shot in 2018, so its not new, but what it clearly shows are the muslims that are locked up in camps in china, they are blindfolded being lined up and what can you tell us . What is the responsibility of the free world to take a stand against these people being locked up in china. The Chinese Communist party has pushed back and said its none of your business what goes on in other countries, senator. Well, in my estimation, what the Chinese Communist party has done to the tibetans and the we gers is despicable. All the tibetanss and the wegers s want to do is practice their religion and they say that youre the communist party of china and we have to stand up to them not just other governments, other western democracies, but those who value Free Enterprise as well and for those of my colleagues on capitol hill, who admire the authoritarian socialist approach of countries like china , i will just tell you look at the wegers, and the tibetans. Look what china is doing now causing mischief with india in the South China Sea, in hong kong. All they understand is i dont want to start a cold war with china, but weakness invites it and we have to be firm with them maria yeah and on thursday, the president signed the hong kong sanctions bill unanimously passed by the bipartisan senate. This is an Important Message i just will point out that china has already sanctioned marco rubio and ted cruz and they say that this is holding, this is for them holding ccp officials thible for whats going on in china, senator real quick. I think ted and marco will probably wear the sanctions as a badge of honor. For 20 years weve been told that we have to be patient with china, that Free Enterprise will change them. Theyre trying to change Free Enterprise. Maria senator thank you so much well be right back. At Fisher Investments, we do things differently and other Money Managers dont understand why. Because our way works great for us but not for your clients. Thats why were a fiduciary, obligated to put clients first. So, what do you provide . Cookie cutter portfolios . Nope. We tailor portfolios to our clients needs. But you do sell investments that earn you high commissions, right . We dont have those. So, whats in it for you . Our fees are structured so we do better when our clients do better. At Fisher Investments were clearly different. Maria welcome back. Well it is 107 days until america will vote for its next president , in what could be one of the most important policy based elections in history. My next guest knows what it takes to win the white house he helped lead donald trump to victory in 2016 as the chief executive of his campaign, joining me right now is once again former white house chief strategist host of war room pandemic steve bannon. Its great to see you this morning thanks for being here. We want to rollout these polls this morning from fox news and get your take on all of this because once again, we see the president lagging. What do you think is going on . Here is President Trump on the economy, 47 approved, 47 disapprove, steve and then youve got other polls which show the president lagging joe biden. Your take . Listen when you go back and look in i think it was in march 51 of the American People thought President Trump was doing a good solid job in leadership on this pandemic, i think in the polls 3738 Something Like this. This is about just bold action bold leadership. What i think the president should do, my recommendation be every day, start to have the top people around you, dr. Fauci, dr. Birx, the Vice President , dr. Redfield, at cdc, chief of staff meadows, have them in the oval, get briefed every day on an action plan, just drive action, action, action, and do it through action , youre against it and focus and get a plan for a mask. Get a plan for the schools. Bring the governors in but with those five people around the desk and then every couple of days you bring in the media and you tell them what the plan of the day is, you tell them where were driving action. President trumps a man of action when hes taken action on whether shutting down china, shutting down europe, declaring this a national emergency, when President Trump is taking action the polls reflect this. I think the polls should be an indication that people in the white house said hey youre in the driver seat here. Just go back to the plan youve got and also, youve made a decision about federalism i think is very smart but include the governors now particularly as you know this kind of weaponized virus to summer heat and humidity. It also is asymptomatic. It also targets and looks like it targets the most vulnerable. So this is where they have to have, i think, targeted interventions and i think dr. Birx has talked about this in the past. The white house has all the elements. I think its just bring it together around President Trump in a principals only and every couple of days bring the media in there and let President Trump explain what actions taken not one of these twohour press conferences with the media can throw out all of these other questions but focus on the pandemic. If you focus on the pandemic, youll start to make Real Progress and i think the polls will all start to fall in place. Remember the ccp lied, americans died, i think the president can take leadership in this , and drive this and i think the polls will take care of themselves. Maria what can you say about joe bidens plans right now, steve . This week, the former Vice President unveiled a climate plan to cost 2 trillion. Look, he is going to be raising taxes hes already discussed that that hes going to be raising taxes if Elizabeth Warren is his runningmate, or not, she could be treasury secretary but she will certainly be an important key voice in the economy. She wants to institute a wealth tax. You know look, we are facing a 22 trillion debt and you would say okay, you have to raise taxes in that regard, but hes using that higher revenue to come up with things like a 2 trillion green plan. Whats your take on bidens agenda . Look, biden doesnt know what his agenda is. Hes trying to reinvent himself every other day and goes to scranton, pennsylvania and makes this populous economic National Species really the consolidate it airs of wilmington dell which is the headquarters of all of the global corporations. You know, joe biden to me has to come forward to the American People and tell what his plan on china is. The president s kind of war council has laid out the four horsemen of the apocalypse, the National Security advisor, head of the fbi and secretary of state and obviously, attorney general barr in that magnificent speech. Those four individuals laid out an integrated and coherent war plan to confront the Chinese Communist party on technological and information war and economic war and then with our allies start to open up the South China Sea and support our allies in india on the border of chinese occupied tibet. Youre seeing an integrated war plan put together to take down confront first and then take down the Chinese Communist party to call their bluff and joe biden in his entire speech the other day on economics mentioned china i think onetime talking about electric vehicles. Joe biden is the candidate of globalization. Hes a total globalist. The president has a coherent plan against the Chinese Communist party. I would like the secretary of treasury to join in there and treasury to start to drop the hammer, but youve seen a coherent war plan. I think youve just got to get that same level of coherence on the chinese virus thats here , the ccp virus that has come to the United States and i think if you do that things will come together and i dont think joe biden has an answer. So far its been virtually in coherent. Maria yeah, i want to come back to the china story in a second but who do you think joe biden will choose as his Vice President ial candidate . Well i think the polling internal to biden the number one thing theyre looking at is somebody that cant throw him off the where hes going right now so i think whether its Elizabeth Warren, kamala harris, i think theyre looking at a number of candidates. I dont think its going to matter at the end of the day who his vp is because joe biden is the one that will get smoked out if President Trump continues to drive action that biden is going to be smoked out and have to confront President Trump and i just dont think hes going to stand up. Right now remember nothing he puts forward is really coherent and hes trying to reform himself as or rebrand himself as a populous and economic nationalist against 45 years of his track record is going to be very very difficult as the Trump Campaign as a full force multiplier off of whats happening at the white house, i think begins to really identify and kind of brand joe biden for what he is. Maria yeah that was an incredible speech that a. G. Barr made this week basically calling out Corporate America, steve, to say look, you can not collaborate with the Chinese Communist party that you are putting profits over the shortterm ahead of the real issues around National Security over the long term. Do you think increasingly companies are getting it or are they still seeing opportunity to sell widgets to 1. 4 billion people . Well they better get it because you put a shout out when he talked about fara, this is a very smart guy he used collaborate or and appease ment. Those words were specifically chosen by attorney general barr to put Corporate America on notice and then he talks about you guys being lobbyists and actually being unregistered foreign agents so this is something that he really threw down on and ive got to tell you it was a magnificent speech. The other ones of the nsa director of the fbi director pompeo also have to be reviewed in an entire context of where President Trump is taking this really, i think is a war leader on economic and information war. What we have to do today is then stop playing games with the ccp stop being a suplicant about this virus. We have to tell them i believe you turn over every piece of informationnd open up the p 4 lab and let americans and other scientists from around the world go and get every document or were going to cut you off from the u. S. Dollar and sanction your banks, and were going to sanction the highest members of the Chinese Communist party, its time, President Trump has got a great saying. No games. Its time to stop playing games with this murderistic dictatorship. They lied, the American People have died. Their own people suffered and the Chinese People, the people there are innocent victims of this dictatorship, bill barr called it out right now, secretary of state pompeo is saying you open up every lab and the secretary of treasury should come in with the back of the president of the United States saying were off the dollar, sanctioning every bank, sanctioning individuals until you come clean and well get therapeutics and a vaccine and know exactly what this thing is. Listen this thing being asymptomatic and in per very us to humidity and heat and this thing targeting the most vulnerable population, the co morbidities and minorit ies this virus we know very little about its time for them to stop hiding the information. Maria all right, we got to jump my next guest well have a thing or two to say about that ill speak with ray dalio investor steve bannon thank you so much. Steve bannon thank you so much. Well l l L Steve Bannon thank you so much. Well l l l my money should work as hard as i do. Thats why i use my freedom unlimited card every time i get gas. Give me a little slack with freedom unlimited, youre always earning. I said i need some slack on pump three maria welcome back attorney general bill barr this week calls on American Companies to stop appeasing the Chinese Communist party, saying the ultimate ambition of china s rulers is not to trade with the United States. It is to raid the United States. If you are an American Business leader appeasing the prc may bring shortterm rewards but in the end, the prcs goal is to replace you from ag bill barr this week. Joining me is the cochief Investment Officer and co chairman and founder of Bridgewater Associates ray dalio to studied china for decades ray its great to have you this morning thanks so much for joining us. Good to be here. Maria and i know that youve been to china many times, youve invested in china. What is your reaction to what youre hearing from bill barr, ray . S. Well im a mechanic. I just look at cause effect relationships and what things are like so not ideological. Ive been to china, as you say, for 35 years and i watch them, and were operating in a world in which they are a lets call it worthy opponent, that each country seeks to do whats in its own interest, and theres a battle over wealth and power, and thats internal or external. Each company, when they go there , forms their own view about what its like, and then theres law, and so the way i view that comment, or that assessment is, that if the government is going to do something, that will have an effect. They will have to create laws, and that those laws will determine what companies are going to do. Theyll behave according to those laws otherwise, theyre going to have individual Companies Make their own assessment and from my assessment of going to china and being there its not like the china that is being painted. Its not this communist, it is highly capitalist. The enterprise system is operating meaning you go there and the innovation and the things are powerful and thats why youre seeing so many issues with competition. Huawei is about competition and their technologies are quite amazing, so it is a definitely worthy opponent, and whats happening now in the rise of the great power, challenging the great power is the same sort of thing thats happened in the 193045 period so i hope we have a chance to talk about that because there are other things that are related to that that all come together to set the stage that were now in. Maria well, i want to talk more about this , because you say huawei is quite competitive but isnt huawei a collection of assets of Nortel Networks . Was many of those assets stolen . How do you look at china as a player that is just a competitor when in fact they may very well be stealing intellectual property . I want to get into that. Lets take a short break were talking with ray dalio this morning and hes not only looking at china but the enormous amount of stimulus thrown at this ecececec Massmutual Healthbridge is a free Life Insurance program just for healthcare workers fighting covid19. Apply today at massmutual. Com healthbridge apply today at massmutual. Com healthbridge weve always put safety first. And we always will. For people. For the future. And there has never been a summer when its mattered more. Wherever you go, summer safely. Get zero percent apr financing for up to five years on select models and exclusive lease offers. groans hmph. food grunting menacingly when the food you love doesnt love you back, stay smooth and fight heartburn fast with tums smoothies. Tum tumtum tum tums with tums smoothies. 49i found you good job. Now im gonna stay here and you go hide. Watch your favorites from anywhere in the house with the Xfinity Stream app. Free with your xfinity service. Now any room can be a tv room. Stream live tv, on demand shows and movies even your dvr recordings. Download the Xfinity Stream app today to stream the entertainment you love. Xfinity. The future of awesome. Maria and we are back with bridgewaters cochairman and co Investment Officer ray dalio and ray, were talking about china i do want to get into the broader economy and the impact there. You have been studying stimulus in terms of all of this money being thrown at this economy. What do you think the implications are, ray . Im going to pick up quickly with your china piece and then ill come to the other. Im just a practical man who has studied histories and whats happening now has happened all through the history. In particular, i studied the rises and declines of empire s and the reserve currency starting with the dutch and they had the world empire, the british, the United States and now, and through that period of time, there is what you call stealing. There has always been the taking of ideas, the british took, hired architects who took from the dutch, who had the shipbuilding and that was their main competitive advantage its a reality and i think its important to see that. Part of that as youre referring to maria its an important point. Sorry . Maria i said its an important point that youre making. Yeah, theres an arc in which its like competition. Internally you might say somebodys stealing their ideas. Well thats right. I mean thats just practical and in the world you dont have the same kind of rules. Its more of a jungle. You dont have laws and so its just a practical maria so should we just say well china is going to beat us . Should we just sit back and say well look this is a threat and thats it . No. I think you just have to see it for what it is, and deal with it well. Right . In other words dont deal with it emotionally. Approach it like a chess game. If i make this move, it will have this implication and so i think if it was clear, questions like do you want to go to war . There are four types of wars brewing. There is a trade war, theres a technology war, theres a geo political war, and there might be a capital war. Just do you want to approach it as that how do you approach it intelligently. Maria ray we really need to talk about the economy. We need to talk about the economy. We hope youll come back next weekend, ray thank you so much, rararara usaa is made for whats next were helping members catch up by spreading any missed usaa insurance payments over the next twelve months so they can keep more cash in your pockets for when it matters most find out more at usaa. Com fobut what if you couldt stdo better than that . K. Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. 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For more than six weeks now, the city of portland has been under siege by radical leftist mobs who are intent on destroying everything america stands for and the left wing democrat mayor of portland eagerly supporting the anarchists, the left wing activists and is permitting unchecked mayhem in the city. Today, the head of the department of Homeland Security tore into the radical testimony leadership in portland for allowing lawless anarchist as he called them to destroy and desecrate the city. For 47 Straight Days and nights now, leftist groups like r