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
Domestic economy. Dramatic capital outflows everyone is pulling money out of china. It has been going on all summer but the reaction in the market on the losing of Monetary Policy is amazing. Across all Asset Classes, futures up across the board, a gain of 1. 5 on the nasdaq. Everything is gaining. Looking at the 10 year yield, rising as investors sell debt to buy riskier assets. Take a look at european stocks, up across the board. The dax is up 3 . The rest are following up. If you look at commodities, you see gains in copper right now. You see gains in gold right now. You see gains in oil right now and you see movement and currencies as well, the reaction has been global and swift and dramatic and its been across the board. David lets hear the first word vonnie area with begin with american airlines, the company had a better than expected thirdquarter. Earnings Beat Estimates. Says fuel prices helped. Jack dorsey sharing of wealth as he donates 1 3 his stock to employees at 200 milli