call xi told the president quote, those who play with fire will perish by it. speaker pelosi said to be heading to the region today. not clear if she will make a stop in taiwan. we expect to hear from her in the next hour. meanwhile, the u.s. and china agreed to plan an in-person meeting between the two leaders. this despite beijing s failure to stop the flow of fentanyl from china into the united states. not to mention its reported targeting of the federal reserve and buying up real estate near u.s. military basis. bill: team fox coverage. greg palkot, the latest on the trip to the region for speaker pelosi. let s begin on the north lawn today. good morning. the white house agreeing to a face-to-face between president biden and president xi after the two leaders talked their longest conversation yet, two hours and 17 minutes. critics say kind of an odd thing to do after a death warning according to chinese read-out. xi told biden those who play with fire will perish
Im Melanie Zanona in washington and this is cnn hello again, everyone. Thank you so much for joining me on for greek of whitfield and we begin with the dangerous weather situation okay. Texas that could get even more treacherous this weekend, heavy downpours and parts of the state have swept away vehicles, damaged homes, and triggering evacuations some areas have gotten hit with almost two feet of Rain Triggering widespread flooding and more rain is in the forecast cnn correspondent rosa flores as in houston for us. So rosa, People Living in the flood ravaged communities are bracing for more rain. And i see the air boats behind you. Theyre ready for evacuations, are picking up people this just happened in the last few seconds fred, so ive actually havent been able to talk to them other than one individual who just got off this vote and said that there was water in his house and he literally was just rescued but this is literally happening as were going live. So i havent talked to to th
Condone lawlessness and when you use violence in order to manifest your protest, you have stepped over the line and we heard those very words coming out of joe bidens mouth yesterday. Representative kliger and it went lastly, ask you about something that isnt that should not be so controversial. And you are receiving the president ial Medal Of Freedom and this year youre sharing the honore, several others, 18 others, Including Civil Rights Hey Khan medgar evers, who fought desegregation in mississippi before he was shot in the back by a white supremacist in 1963. What does this mean to you to receive this honore this is a great, great honor that i am very, very proud of. And as i said, to the President Biden when they call me to tell me he was confirm this other upon me. I just hope to live long enough its prove myself deserving of it. Thank him so much for the recognition. I congratulate the other 18 people who will get an a merrily fs is still living. I hope the widow of mecca evers
Cyber espionage. The hack of opm is the latest example. Do the chinese steal our Naval Technology and apply it to their navy, and as a corollary to that, are you aware of any evidence concerning china stealing u. S. Civil Nuclear Technology and diverting it to its nuclear navy . Sir, im not personally aware of any instances of another nation stealing our Nuclear Technology and applying to their navy, including china. That may be happening, im not briefed on any intelligence that would implicate that. I think its wellunderstood that there is Cyber Espionage that occurs. We have concerns from time to time about our cleared defense contractors for example in their Cyber Security. I think Frank Kendall and at l is working hard to tighten that up as best we k. I was reflecting on this earlier we talk about Nuclear Matters. As a sort of graduate of the Navy Nuclear Propulsion program. One of the things that has intrigue said me intrigued me over the years, the element of Human Performance th
Its going to predict how it would react under a stress event. And so was the key one of the key issues is what how are investors anticipating this . Is this part of their Investment Strategy . And do prices reflect it, and do practice Risk Management practices reflect that . I think that there are two issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a little harder to buy bounds. No question about it, and sell them as well. But what will happen afterwards, the banks will sell their operations to hedge funds to other companies, to the employees themselves and theyll get reorganized to find the capital and make money, because there are opportunities to make money when people demand liquidity, by the way, theres no such thing anywhere of free liqui