Cochair of our Organization Former secretary of state Condoleezza Rice. [applause] and you will be hearing from secretary rice in about half an hour she will be one of our conversationalists our good friend could not be here to the former secretary of defense bill and janet cohen. Welcome. [applause] and those that are involved in every effort across partisan lines and that is former National Security advisor. And rahm emanuel we have worked together i think all of us agree the relationship with china will be the greatest challenge we face as a country in the next several decades. And in that relationship to establish full diplomatic relations, ed jimmy carter and Deng Xiaoping but most of that time to the democratic administrations, we all felt that we were seeking cooperation with china that was the basic strategy in recent years there is no question that both countries have swung from cooperation to a strategy of competition and that gets to the heart of our Vital National interest
Cochair of our organization, Condoleezza Rice. [applause]er you will be hearing from secretary rice in half an hour she is one of the conversationalists. The other chair could not be here but he is very much a part of this effort perk i want to pay tribute to former secretary of defense mr. Bill and janet cohen. Welcome secretary. [applause] and i also want to paid tribute who embodies bipartisanship every effort across partisan lines is a National Security advisor as well. My close friend as one of the people doing the interviews the subject is china. All of us agree our relationship is the greatest challenge that we face as a country in the next several decades. It is an important moment in that relationship jimmy carter and deng xiaoping. For most of that time republican and democratic administrations. We all felt that we felt we wereth seeking cooperation with chinese and they felt the same way. In recent years there is no question that both countries have swung from cooperation to
Heres the jargon, the yield curve inversion. This is fed day and a very big day. In advance of the official word on rates, stocks have been all over the place this morning, up and down, moment to moment. Right now we are looking like a loss of maybe 112 points for the dow and down 45 on the nasdaq. This is whats hitting the market, china. China says it will impose 5 to 10 tariffs on 75 billion worth of u. S. Goods. That is obviously a negative for china trade. Its escalation and therefore, bad for the market. Elsewhere, later today, the president leaves for france for the g7 summit. Interest rates and trade will surely come up there. They are gearing up for more big protests in hong kong. Were on it. And just wait until you hear what larry kudlow says about tax cuts. Lets get going. Varney company is about to begin. Weve negotiated with them, weve tried to move the football. They have backed away and we have taken measures through all of that time, weve had a very strong economy, weve
Host good morning, it is tuesday, august 1, 2023. We will chat about the state of the economy. As we take you through the latest on the expanding congressional inquiry into the joe biden family the biting biden Family Business practice if you say yes, 202 7488000 is the number to call, if you say no 202 7488001. You can also call in if you are unsure. That number is 202 7488002. You can send us a text 202 7488003. If you do, include your name and where you are from. Catch us up with us on social media. A good Tuesday Morning to you. Here are the two lead paragraphs of the wall street journal story on that hearing yesterday on capitol hill. A former business associate of hunter biden testified monday to correctional leaders that President Biden and his son were in elite communications and the younger biden would put his father on speakerphone on business dinners. The associate said joe biden and his son never discussed business on his calls and only discussed casual conversation but the
John people act as if there are only two choices in this election, republicans and democrats but thats not true. There is one other party that is on the ballot in all 50 states and thats the libertarians. Tonight they are president ial and Vice President ial candidate gary johnson and bill weld will take questions from you, for me at home via social media, from you in the studio audience and from the street. Thats where the first question comes from. What would you do to create jobs . Government doesnt create jobs. The private sector does. What would you do . You can count on certainty when it comes to rules and regulations and when it comes to hiring, when it comes to being in business for yourself. John certainty will bring jobs. That is true. Small businesses dont need big tax cuts. They just need to know that its a oneway ratchet and taxes are only going in one direction, down in if we internalize that they will build that second factory and employ another 15 people. My question is