Connection, thats part of the chinese state. The United States is the number one largest for the economy and china is number two, and they are fighting each other, and therell be damage to global trading. Connell but trades only the tip of the iceberg. The real question is this are we in this together or going our separate ways . Chinas now in the hunt for new markets. You see that with things like belt anded road, part of an Economic Initiative to reach them into that billion market. Connell the next moves are crucial, and this is the challenge of china. Connell so for the United States to challenge presented by china is about much more than headlines generated during a trade war. Im Connell Mcshane. Over the next hour were going beyond tariffs to bring you a unique look at the clash of cultures and beliefs thatll shape the direction of the Global Economy for decades to come. Much of our conversation will happen here in new york, but well also take you to chinas capital city, beijing,
Are used to today. Safety features werent exactly standard. You dont want to be in the frontend collusion in this. Oh, yeah the whole safety thing and most of us dont have a money to own one. Can drive it later. [laughter] jeff i dont want to get used to it, i drive a ford because thats all i can afford. But for a car lover this is almost like a dream. Quite frankly the stuff that i see when im sleeping and my eyes are closed. Jeff Fox Business Network goes to the pebble beach concours delegance. Hi, im jeff flock and for the next hour we will show you up close and personal some of the vehicles. I tell you theres a new appreciation for these vehicles, we talked to young people who say they loved these old cars, yeah, they dont drive themselves, yes, they are not electric but they are rolling works of sculptor. Some of the most expensive sought after cars in the world. Modern cars to my mind are appliances and theres nothing wrong with having a Great Appliance but they dont make my hear
hello and welcome to inside politics. i m john king in washington. thank you for sharing your very busy news day with us. call it a biden racy can you. the federal government swoops in to pay back depositors after a bank goes under. he promises 2023 will not look like 2008. the bottom line is this. americans can rest assured our banking system is safe, our deposits are safe. plus mike pence says president trump was reckless on january 6th. a big question now, whether pence repeats it when he s with gop voters in iowa, new hampshire and beyond. and president biden green lights a giant oil project in alaska. progressives are mad again. the drilling project suggests an early move to the middle with an eye on 2024. up first for us, though, a pair of bank failures and a white house emergency plan the president says will protect the economy but not at your expense. president biden speaking this morning before u.s. financial markets opened for trading and before most banks o
jake. it is unfounded. for several reasons. firstly, the banking sector overall is much better capitalized than it was in 2008. there have been huge changes. a full-scale banking meltdown crisis, is it possible? maybe. is it likely? absolutely not, so the experts say. i was talking to one such expert here in israel where i am. the tech sector which has been so badly hit by all of this. i spoke to the venture capitalist of the viola group. he said it s not a system at risk, but when it comes to runs on banks, today they can be much faster than you think. run on the bank of the world of internet is very quick. but i do believe it s an isolated, specific event. i don t think it will have huge impact. this is not 2008. reporter: putting that into wider view, it s certainly going to hit the technology sector because tech borrowed from these institutions, but the speed at which the regulators moved shoring up the depositor savings making it clear investors won t be bailed out.
trail. tell me what the heck is frank? we think somebody made a boo boo. if you are sitting at a crime scene before police show up? it s kind of tempting. maybe move the body. hide the knife. it s why cops don t let suspects hang around the crime scene without them. but the fbi let joe biden spend a weekend at the crime scene alone. two weekends ago biden through to his beach house in delaware right after he got caught lying. hey, feds, i checked my chinese-funded think tank, my house, i swear there is nothing to see here. when the feds searched his home and his office they found some things that joe missed that s when joe flies to his beach house with a bucket of bleach and a booklet of matches. you don t think joe was going to hit the beach house next? that s why he brought the clean up crew. well, today, two weeks after joe scrubbed his second home, the fbi shows up for a search. and what do you know? they didn t find any classified documents. so the white house