right now in beijing facing a tough challenge during her two days of meetings with chinese officials. she s there of course to try to stabilize a tense relationship strained even further just this week when china retaliated against the u.s. anna coren is live for us. what is yellen saying so far? reporter: as you say she is currently meeting with the chinese premier leader in the great hall of the people. she was with him at the paris finance summit last month where she said the world expects china and us to work together. you may have seen both of them smiling at each other. the premier spoke first just a few moments ago and said that there was a rainbow when yellen landed yesterday. and it was symbolic of the u.s./china relationship. so who knows, perhaps there is hope on the horizon. but the u.s. treasury secretary said that the biden administration seeks healthy economic competition that is not winner take all but can benefit both countries. she says the u.s. will in ce
and on the campaign trail since he served as vice president in taiwan he has really espoused more of a pro status quo, the idea that he will inherit the former policy that make foreign policy and domestic policy of the outgoing president and that suggests there will not be any radical change and we do not expect him to formally declare independence anytime soon. that said the question here is that china will believe that? policymakers in beijing are so incredibly wary of his intentions and they are also going to be smarting from the fact that this is the third consecutive victory by the dpp and so looking forward i think we can expect a lot of anxiety at least over the next few months or even years. let s talk a little months or even years. let s talk a little about months or even years. let s talk a little about trade - months or even years. let s talk a little about trade and | talk a little about trade and what talk a little about trade and what the consecutive succ
on tuesday, representatives of us presidentjoe biden and congressional republicans met again on capitol hill. the two sides have untiljune 1st to come to an agreement on raising the govenrment s borrowing limit, or risk the us not being able to pay its bills. some analysts have warned a default could lead to huge job losses in the us and even a global recession. stocks on wall street finished sharply lower on tuesday. despite this, optimism among leaders remains. negotiations are very hard, very difficult, both sides have to understand they won t get everything they want. we are trying to get to a budget that is reasonable and bipartisan. that democrats and republicans in the house and senate will be able to vote on and agree on. this is the process, that s why we are moving in this way, to make sure it s bipartisan, but also reasonable. that s what you all can look forward to. for the latest on this story, i spoke to cbs news congressional correspondent, nikole killion. has
results missed market expectations. delayed results, a missed market expectations. tesla s income and earnings fell by more than 20% in this past quarter compared to the same time last year. it is a big number, but not totally unexpected because the company has been slashing prices of its top selling vehicles over the past year. samira hussain has more from new york. bringing in 20% less income is, well, not good. what helps the electric car maker, however, is that it warned wall street this was coming, so it didn t come as a complete surprise given tesla cut prices on its top selling cars several times last year and in fact did it again this week. now, tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. so the price cuts did the trick. the company saw a 36% jump in deliveries, but the price cuts also mean that the profit margins on each card sold have gotten smaller. let s stay w
Were not fighting our war. Were fighting the war of all civilized people. On wednesday, President Biden will visit israel. Hes coming here at a critical moment. Theres more threats today from the Lebanese Militant Group hezbollah. 17 Mortar Shells were fired in northern israel. Two guided missiles injuring soldiers in the north. Theres a sense that israel has to be prepared for this to develop in to a multifront conflict. Day 11 and now new questions about a strike on a hospital in gaza. Hundreds are reported dead. Israel says they do not target hospitals and believes Islamic Jihad is responsible. All this as President Biden visits the region time. Welcome. Im Charles Payne in for neil cavuto, this is your world. Lets go to mike tobin with the very latest. Mike . Charles, the latest on this Hospital Strike is that the Israeli Defense force susit was an errant missile that hit the hospital resulting in hundreds of civilian casualties. The Palestinian Health ministry run by hamas says it