President here with the bypass and policy center. There are those who work in government and then there are those who make government work. And i James Lockard is is the latter. He has made government just listen to this list of positions. Director of the federal Housing Financing agency its predecessor, the office of federal housing enterprise as oversight chairman of welfare. Also member of the financial oversight board, deputy and principal commissioner and chief operating officer. The Social Security administration. Executive director of the pension benefit guaranty corporation. Out of government and investment banker. Cofounder, a Risk Management company. And he just was talking about it. Chairman recently of the new art museum and Greenwich Bruce Museum just opened up place he says where art meets so i thought im going to go see but most importantly to bpc he was the cochair with former senator kent conrad on one of our in fact one of our best sellers. The report on the commissio
Im Andrew Ross Sorkin. You cant wear white pants. Im Andrew Ross Sorkin with joe kernen and mike santoli is here hanging out for becky who is still off today. Lets show you u. S. Equities at this hour. We have a little bit going on. Not too much just yet. The dow off 27 points. Nasdaq opening down 58 points. S p is off 9 points. Treasury yields with the 10year treasury is sitting at 4. 224. The 2year treasury at 4. 910. Have you noticed we flipped that board around, joe . The oil prices . No. The treasury board. That board, we used to run the 30year treasury. The 30year at the top and 2year at the bottom because the way the world used to work. Now the world is flipped upside down and here we are. That is a good metaphor. Mirror what is happening. You remember, andrew, years ago where were you on the show or before when greenspan said it. Its back. Combine the 2year. The 30year used to be the one to watch. Exactly. We should have done 100 about a year and a half ago. Would that have wor
Coupled with that should be the ability of how we apply this and take it commercial. So, the answer is that we have to look at who we have enrolled into many of these disciplines in several of our universities. To take a good hard look at that. Thank you very much. Commissioner schreiber. I just want to add my thanks to the witnesses and i think most of my questions have been addressed. Commissioner wessel . Thank you. I appreciate your recognition of robin barrys work. They have been toiling in this field as you have any years. You referred to and used the term willful blindness and i appreciate your recognition of the longterm work of this commission. I will argue to you that blindness continues to Cloud Visibility as to many of the challenges we face. You know, recently in appreciating the work of the administration on an outbound executive they need an Outbound Investment executive order, it is Still Limited in terms of providing us the data on critical supply chains. Batteries, ph
Relations, this runs just over an hour. We are delighted and honored to have this as the First Program of the school year to so to speak. The council prides itself on being nonpartisan. What better way to demonstrate nonpartisanship than having this fully Bipartisan Commission here working out of the council for a couple of days, and the chair man and Ranking Member of the commission here with us . Congressman Mike Gallagher from wisconsin and congressman Raja Krishnamoorthi from illinois, thank you for agreeing to do this program today. We would love to get your perspective on, first and foremost, chinas role in the global economy. China has traditionally driven about one third of global growth. We benefit from that, in terms of being able to export there. Trading Partners Benefit from it. Germany slows down because china slows down, europe slows down, japan slows down. It affects us back here. When you look at the china challenges the commission is working on, do you want china to sl
Im sick and tired of not getting anything done. My full name, your listeners, please record this. My full name is martin hufford. My number is 717562 host you can continue watching washington journal if you go to our website, cspan. Org. We leave this to join the discussion on the Chinese Communist party, on u. S. Competition with china. This event hosted by the council on foreign relations. Wait for one of these microphones can introduce yourself, and then ask your question. For those joining virtually, click on the raisedhand icon at any point. If you hear your name called out, click on the unmute prompt. Your video will remain off but your microphone will be unmuted. Thank you, everyone. Well, good afternoon, and welcome to the council on foreign relations. Im mike froman, president of the council, and we are delighted to have this is our First Official program of the school year, so to speak. I see a lot of friends out there, members of congress as well. For me its a particular hon