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First,st, lets l tetakeak look on the top newsmakers in this weeks edition of the weeks talkers. First, lets get your thoughts on this big admission, comey going rogued. She got rolled by jim comey, and it was the third time that it happened. Remember now its january 24th with the interview of michael flynn. January 5th with the briefing of president obama, and the third time was in connection with the announcement of the conclusion of the Hillary Clinton investigation. Maria parents are suing the popular videosharing act in illinois. Those parents allege that tiktok collects information about their children, sends it to servers in china. Its designed to vacuum up all the data op your phone, your emails, text messages, your photographs, even your browser history and key strokes. Its all sent back to china where it is subject to access by the Chinese Communist party. Maria where are we right now in terms of this, in terms of this virus . Are you expecting a second spike in the fall . If we all do our part, we can remain open, but turn around these infection rates. Weve seen it in phoenix, weve seen it in other communities. Maria i understand the risks around mailin voting, but what is the president going to do . Theyre accusing the president of trying to change the date of the election. Well, lets be clear, in ten states democrats are suing so that the those states can allow votes to come in after election day. Maria this executive order by the president , good idea . What do you think . Well, look, its a good idea we take the increased scrutiny, but it doesnt fix the problem. Because as you noted, not only does it protect american workers, it protects green cardholders. Maria after a strong bounceback on the labor front in the months of may and june, we saw a bit of a retreat in the jobs market in july even though the numbers were better than expected. The economy added just 1. 763 million jobs for the month while the unemployment dropped to 10. 2 . Again, better than analyst expectations but well below the gains of the previous months. In june alone we saw 4. 8 million jobs created. Joining me right now to talk about that is former jpmorgan chief economist anthony chan. Always great to have you, thanks for being here. Your reaction to the jobs numbers and where we are in this economic recovery now. Thats certainly good news when we see this employment report because, yes, the employment numbers did, in fact, slow down from the prior month but, maria, that was no big surprise because a what we saw in the High Frequency data that we all watch very carefully e is there was a loss of momentum. You can attribute that to multiple reasons, perhaps the fact that we had a pickup in infections and it made some people nervous. Nonetheless, we still got positive economic growth. When you look at the credit card data that is released on a daily basis, when you look at the census bureaus household data, they told you things were slowing down. But, yeah, we got great good numbers, but more importantly, maria, you got a lot of those groups out there that have been hurt, africanamericans, hispanics and even asians, all on average seeing more than a 1 decline in their unemployment rates. The big question now, maria, is are our policymakers on capitol hill going to do something, our legislators, are they going to do their job on both sides of the aisle to keep this momentum going. Now that we saw a little bit of a pause in employment growth relative to the prior month, unless we get some stimulus compromise, this, in fact, is going to slow down even further, and thats not positive. Maria yeah. I mean, you make a good point, but are you still expecting a bounceback in the second half of the year . I mean, were looking right now where the jobs are in these sectors, and leisure ands hospitality, amazingly, was creating 592,000 jobs in the month of july. Retail trade at 258,000. So you did see job creation even if it wasnt at the level that we saw in june. Do you still expect a doubledigit growth number for the second half of the year . I do see a doubledigit growth rate in the Third Quarter. Again, we are seeing a good bounceback relative to what we saw in the second quarter. Thats very, very positive. So im looking for real gdp to grow something close to 20 possibly in the Third Quarter. Now, what happens in the Fourth Quarter is all going to be determined by what happens in washington d. C. Are they, in fact, going to reenergize this continued expansion, or are they basically not going to do anything and by the Fourth Quarter youre going to see a real stalling. And, by the way, if they do nothing, it could also threaten the Third Quarter with not a negative growth, but certainly less than robust growth that i think is already baked into the cake. So i still stand by my view that the recession hit bottom in may and were picking up, but now the question is will legislators in congress allow this to remain sustainable moving forward. Maria what about the markets in terms of investing right now, anthony . E i mean, isnt it incredible that even during this pan demic and this shutdown these major averages are near record highs. You see money moving into technology in a huge way, 30plus alltime highs for the nasdaq this year, year to date, and the s p and the dow are also near peaks. Whats your take in terms of putting new money to work right here in the stock market . Well, maria, i i still believe that the stock prices are a bit overextended. But you also have to realize that when you look at forward earnings for the s p 500, over the last couple of weeks theyve been moving a little higher, higher and higher each week so that if somehow we get this economy jumpstarted, youll get an opportunity for earnings to catch up. Maria anthony, its great to get your take, thank you so much for joining us this weekend. Anthony chan joining us. And we are going to take a short break. Dont go anywhere, gordon chang dont go anywhere, gordon chang we love our new home. Theres so much space. We have a guestroom now. But, we have aunts. Youre slouching again, ted. Expired, expired. Expired. Thanks, aunt bonnie. Its a lot of house. I hope you can keep it clean. At least geico makes bundling our home and Car Insurance easy. Which helps us save a lot of money oh, teddy. Did you get my friend request . Uh, ill have to check. doorbell ringing aunt jonis here for bundling made easy, go to geico. Com. Hello . Shingles doesnt care. I logged 10,000 steps today. Shingles doesnt care. I get as much fresh air as possible. Good for you, but shingles doesnt care. Because 1 in 3 people will get shingles, you need protection. 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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 you do better. At Fisher Investments were clearly different. Maria welcome back. The crackdown on the Chinese Communist party continues. This week President Trump issued executive orders to ban the popular chinese apps tiktok and we chat from operating in the United States if they are not sold by their Parent Companies within 45 days. The ban is over National Security concerns. The order says that the apps, quote, threaten the National Security, Foreign Policy and the economy of the United States. Joining me now to discuss this and a lot more is the author of the great book, the great u. S. china tech war. Dwor can chang is here. Thank you so much for being here. Do you think this was the right move on the administers administrations part x if microsoft ends up acquiring tiktok, do you think you get chinese surveillance out of that Company Given the fact we know its coming from a Chinese Company . Yeah. This was exactly the right move from the trump administration. We know that, for instance, tiktok was surveil ising users, that it was surreptitiously downloading software on users devices, it was misusing the data of minors x there are hints and this is in the president s executive order there are hints that tiktok was trying to manipulate u. S. Political opinion. The engineers for tiktoks chinese sister app also work on tiktoks app, especially the algorithms on curating videos. In other words, which videos do people see. And there are concerns that tiktok was responsible in part for fueling the nationwide spread of the protests following the death of george floyd. This is not proved yet, but nonetheless, we do know that theyve been manipulating the algorithm in ways that are extremely suspicious. Maria wow. And, you know, you just mentioned influencing politicians. I want to ask about this because there there is some concern theyve already bought off politicians in australia and that they are currently trying to influence politicians here in the u. S. Now, do we have any information about what these campaigns are . What are they trying to do in terms of our own politicians here . Well, china has for decades been trying to buy influence in the u. S. At all levels. And, you know, we have heard some really suspicious statements from u. S. Politicians. So, for instance, the senator from california, dianne feinstein, recently said that china was becoming a responsible nation. Which i think defies just all expectation and all that we know about what chinas been doing. So weve got to be really concerned about the influence there. You know, its across the board. You mentioned australia. China has been trying, for instance, to buy the grid there. Theyve got a number of politicians who have helped that, and recently theres been a story in some of the australian papers detailing the chinese influence in the grid. And the reason why the grid is important and important for us as well is because chinese equipment can be used to turn off the lights within two minutes in australia. They probably could do the same thing in the u. S. Maria wow. Thats unbelievable. I mean, you mentioned dianne feinstein. We should point out that then we learned that she had a driver for 20 years, we learned just last year that the driver was a chinese spy. I mean, how nobody made a big deal about that is just extraordinary, to me. Shes got her handler, a driver with her for 20 years, and she learns after 20 years that hes been spying on her. This is the problem. I mean, and, you know, shes not the only person of concern. We have seen a number of politicians in the u. S. Say things that are extraordinary and can be explained best by chinese influence operations which have been persuasive pervasive. And its not just politicians, its academics just across the board. Maria yeah. You make a really important point. Let me turn to ben mang stepping down this week, this past week we understood that the California Public retirement system, calpers, the Investment Officer there resigned after about a year and a half in the position. This is the nations Largest Pension Fund and, clearly, an incredible amount of money to investment what happened . To invest. What happened . There were allegations of conflict of interest which appear credible. Also he failed to disclose certain transactions as required on Public Disclosure forms. And then, you know, on top of that there were many investments in Chinese Companies that probably werent warranted, but also his Investment Performance was subpar. He was well below the s p 500 for the period in which he was chief Investment Officer. So you put all those reasons together, and it was high time for calpers to sack him. Maria this is, this is a fund of 409 billion, gordon. I mean, hes running the investment ideas for the nations Largest Pension Fund. 409 billion. This is exactly the kind of situation that the administration talks about, how the Chinese Communist party has been able to put certain individuals in very powerful positions so that those people could either buy e and invest in china or change policies that are much more positive toward china. Is that a fair statement in. Oh, its certainly a fair statement. And, you know, theres another issue and that is when he was appointed cio, there was concern across the board that he would be involved in activities which were inconsistent with his role. And, indeed, those fears have borne out. Maria and met me just point out let me just point out that before he joined calpers, the countrys Largest Pension Fund, he was the chief Investment Officer of the Chinese State administration of foreign exe change. This is the agency in charge of chinas more than 3 trillion in foreign reserves. So he was, obviously, working for the Chinese Communist party before getting this job in the United States at the countrys Largest Pension Fund. Gordon, its great to see you this weekend. Thank you, sir. Thank you, maria. Maria gordon chapping. Stay with us, my oneonone with the chairman of i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Maria welcome back. The securities and Exchange Commission is backing a senate bill that could lead to companies that are from china being delisted from u. S. Exchanges if they do not follow the u. S. Accounting rules and if they dont have financial audits reviewed by american officials. This week i spoke with sec chairman jay clayton about that and as well as a possible investigation into Eastman Kodak and how it communicated what was a big loan from the u. S. Government. We are in, obviously, very choppy, very up uncertain economic times. Companies are going to have information that is material to investors and that is going to move shares prices and other Security Prices significantly are. You think about Drug Companies and whether trials are going well for vaccines or therapeutics, you think about business combinations, those things in this choppy period. We have encouraged companies to look at their controls around information. I use the phrase practice good corporate hygiene. This is the, this is really important in times like this because our investors need to know that theres integrity in our marketplace and that businesses are releasing information that is material to investors in a fair and comprehensive way. Our law requires it, and companies should be buttoning up and making sure theyre doing that. And with respect are to executive compensation, ive commented before that boards of directors have a responsibility here, generally a fiduciary responsibility to set compensation in ways that is, you know, for the benefit of the corporation as a whole. And we expect them to be doing that, disclosing how they, how they reach the conclusions they have. So that investors can understand why particular compensation packages have been structured the way they have. I appreciate the opportunity maria so you sound go ahead. Maria yeah, i know, it sounds like this is a real disclosure issue. Companies need to be buttoned up and insure that they are disclosing the information at the same time that everybody gets it, and when you say in times like these, what do you mean in terms of the fact that we are in this lockdown, that maybe wrongdoers will try to take advantage of it during this time . Oh, well, yes. And, look, we are in a time period when business as usual is no longer in effect. How one particular company is doing at any moment in time may change significantly. Like i said, the example is you come up with something that in the biomedical field that has promise for combating covid19, but it could, it could be just that your sales are much larger than expected or much lower than expected. These types, this type of information needs to be well buttoned up, and then when its released, released broadly and fairly. Maria that was the whole point of what i tried to do when i first got down there to the New York Stock Exchange 25 years ago, to try to help democratize information so that the little guy was getting information at the same time that the large institutional companies were getting the information which were paying big money for some of the Brokerage Research or big information that maybe i had gotten on the floor of the exchange. This is not new information. We all have have to insure that the information is getting to all investors at the same time. Thats exactly right. The principals are the same today that they were a 25 years ago. We may transmit information differently, the particular information that may be marketmoving may be different, but the principals principles are exactly the same, maria, youre right. Maria let me switch gears to china. You and i have spoken about Chinese Companies listed on u. S. Exchanges for a little while now, and weve talked about holding these Companies Accountable to the same accounting rules that American Companies face. Ctrip reportedly in talks to delist. Senator kennedys bill passed, but that bill is giving these Chinese Companies three years to abide by the rules of following accounting rules in the u. S. How come the u. S. Is giving these Chinese Companies for so long whereas they dont have to follow sarbanesoxley e the way American Companies do . That, what ill call the status quo, has been in effect for too long. Its been too long. And senator kennedys bill is a sensible, very sensible way to deal with Something Like this. In markets you generally dont flick a switch overnight. It causes, you know, harm and unintended consequences particularly to investors. But giving, giving time for people to either come into line or to delist is a very sensible way to approach this subject. So, you know, the kennedy bill in the senate, i know theres similar legislation moving through the house. Got bipartisan support. And its sensible from a market perspective. Maria my thanks to chairman jay clayton. Dont go anywhere, more wall street right after this. 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 for when it matters most weve always put safety first. And we always will. For people. For the future. 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All otc pain relievers including volthave one thing in common none are proven stronger or more effective against pain than salonpas patch large theres surprising power in this patch salonpas dependable, powerful relief. Hisamitsu. Maria welcome back. Coming up next weekend on the program, dont forget to join us 9 p. M. Eastern friday night, ill talk with Mohamed Elerian about how to allocate money and the economy today. Plus this weekend join me for sunday morning futures on the fox news channel. Well talk with south carolinas Lindsey Graham and fox news own sean hannity. Catch the show live 10 a. M. Eastern, sunday morning on fox news. Plus, every weekday on fox business, tune in weekdays from 69 a. M. Eastern for mornings with maria right here on fox business every day. Hope you have a great rest of the weekend, everybody. Thatll do it for us for now. Thank you so much for joining good evening everybody, well be talking with the president of the United States, donald trump here in just moments, live. I do want to set just a bit rft scene. This interview comes as radical dems try to indicate a nightmare for democracy pushing mailin ballots only safe way to vote during the about chinese virus pandemic also pushing as many left wing activist and anarchist as they can into the streets of america. Just when we thought that the with the china virus pandemic, that the radical dems would stand up or national

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