This week the Senate Passed a bill that will force Chinese Companies to follow the same accounting rules as u. S. Companies listed on u. S. Exchanges. The nasdaq is set to unveil new rules of initial public offerings, a move that could make it harder for some Chinese Companies to list on nasdaq. I spoke with larry kudlow,ing the white house chief economic head, about this a hardline stance toward Chinese Companies as well as the white houses decision to halt money from the thrift fund going into Chinese Companies. Watch. The solution here is for the chinese to open up their investment system and to play according to the rules set by longtime authorities in the usa, the sec being the key and the Public Accounting board being another key. We cant ask military retirees to invest in Chinese Companies that are operating against our own interests and in some cases with respect to this pandemic, we saw the president wrote an excoriating note to the world trade organization, china and the w. H
Phase one trade deal, there will still be challenges between the United States and china, even after that trade deal is complete. Maria mr. Secretary, we thank you for your time today. Of course, we are always giving you best wishes on your trip. Thank you so much. So long. Maria secretary of state mike pompeo. Over to stuart varney. Stuart good morning, mr. Secretary. Good morning, maria. Good morning, everyone. The debate. All right. My opinion. No clearcut winner, but senator warren emerged as the clearcut leader. She was attacked from all sides. They went after her because shes out front. Joe biden asked about his sons Business Activities said only that neither he nor hunter had done anything wrong. Bernie sanders came on strong after his heart attack. Yes, he did. Mayor pete and Amy Klobuchar asked warren pointed questions on paying for medicare for all, but did not get a straight answer. Tulsi gabbard was the lone voice suggesting democrats be careful with their impeachment drive
Better than expected retail Sales Numbers coming out, up fourtenths of a percent. The odds are as high as 75 for a recession, but is he right . Former imf chief economist joins me right now, ken, it is great to have you. Thank you for joining us. Thank you for having me. Maria weve got the Federal Reserve meeting on tuesday and wednesday. Its pretty much baked in the cake that the fed is going to cut rates by a quarter point, 25 basis points. Do you expect that and what is your view of the broad economy right now in. Well, certainly expect that. Theres just no inflation, and they dont really know how much more they can cut it and still not have inflation. Maybe its the trade war, maybe its a global recession going on outside the United States, but whatever. I think the u. S. Economy is Pretty Healthy except the trade wars absolutely weighing on cap x. Its hurting china a lot more than its hurting the United States, but chinas important. China hurting, hurting germany and europe, so the
Better than expected retail Sales Numbers coming out, up fourtenths of a percent. The odds are as high as 75 for a recession, but is he right . Former imf chief economist joins me right now, ken, it is great to have you. Thank you for joining us. Thank you for having me. Maria weve got the Federal Reserve meeting on tuesday and wednesday. Its pretty much baked in the cake that the fed is going to cut rates by a quarter point, 25 basis points. Do you expect that and what is your view of the broad economy right now in. Well, certainly expect that. Theres just no inflation, and they dont really know how much more they can cut it and still not have inflation. Maybe its the trade war, maybe its a global recession going on outside the United States, but whatever. I think the u. S. Economy is Pretty Healthy except the trade wars absolutely weighing on cap x. Its hurting china a lot more than its hurting the United States, but chinas important. China hurting, hurting germany and europe, so the
Better than expected retail Sales Numbers coming out, up fourtenths of a percent. The odds are as high as 75 for a recession, but is he right . Former imf chief economist joins me right now, ken, it is great to have you. Thank you for joining us. Thank you for having me. Maria weve got the Federal Reserve meeting on tuesday and wednesday. Its pretty much baked in the cake that the fed is going to cut rates by a quarter point, 25 basis points. Do you expect that and what is your view of the broad economy right now in. Well, certainly expect that. Theres just no inflation, and they dont really know how much more they can cut it and still not have inflation. Maybe its the trade war, maybe its a global recession going on outside the United States, but whatever. I think the u. S. Economy is Pretty Healthy except the trade wars absolutely weighing on cap x. Its hurting china a lot more than its hurting the United States, but chinas important. China hurting, hurting germany and europe, so the