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If not yesterday, what takes us there . Well, you know, to put it in context, end of last year, i thought we were well oversold. Recession fears were overdone at the end of the year. Our narrative has been a tale of two halves rally first half, selloff second half. Why . China trade and optics around it were a big reason for rally in the first half alongside the fed pivot towards a more dovish stance i think the fed, short of new qe into the end of the year has limited ammunition to prevent what i think is a normal cycle slowdown and i think the optics certainly around trade with china have deteriorated frankly, the reason why the yuan above 7 is so important is it shows that trade wars become currency wars if theyre prolonged and trade wars, by the way, are neither good nor are they easy to win keith, you seem to think that the next round of tariffs actually is going to have less of an impact, if i read you correctly, than the first round did, though New York , United States , Hong Kong , United Kingdom , San Francisco , China Sea , Brunei General , South Korea , Seema Mody , Gary Locke , Gary Loch , Larry Kudlow , Ann Lee , John Chong , Ronald Reagan , First Half , Year Limited , First Round , Small Business , French Quarter , Holiday Season , Even Services , Services Pmi , Top White , Top White House , White House ,
I only make that point to say we live in an environment where we are mitigating all these problems. As much as i would love to live in a world where we could simply eliminate them or get to a place where we eliminate them, realistically we are going to be dealing with strategies to mitigate these problems. I want to, before we open it up to questions, get a little more specific on what the private sector should be able to do, and maybe steve you or anyone else jump in on this. Theres been a lot of discussion of active defense, of actions that the private sector could do in its own infrastructure, honey pots, et cetera or moving outside of its infrastructure to try to get back its data. Is this part of what youre talking about as greater private sector role in deterrence, and i guess from others, are there reactions to that specifically . First i would like to say there is the playbook for cyber events. Some of these issues are discussed there and in a way that is very evenhanded to add ....
Immigrants. The lawsuit filed two two california counties a number of Court Challenges to trumps rule a rule blocking people coming to north america who are likely to receive Services Like medicare or food stamps. One california official saying, quote, that policy is just a new front in the Trump Administrations aggressive foolish misguided attacks on immigrant families. Trump defiant saying the government should have stopped poor immigrants from entering the United States long ago. I dont think its fair to have the american taxpayer pay for people to come into the United States. So what we have done is institute what took place many, many years ago. I think its long overdue. Im tired of saelg our taxpayer ....
Geoff ben it starts us off. Geoff, we heard this morning from Chuck Schumer on this network, he wants Mick Mulvaney, john bolton to be witnesses in the Senate Impeachment trial. I want to play for you what senator schumer had to say. I hope some of my republican colleagues will say in all fairness, we ought to hear these people. Theres not a single reason that has been given why the four witnesses weve asked for while the documents weve asked for, should not be presented. I dont know what theyll say. Maybe theyll be exculpatory to President Trump. But to not have them is to engage in a coverup. Thats really interesting. Talk with me the reaction youre hearing from folks and your sources on the hill. Reporter Chuc ....
President biden tries to mend u.s./china relations. the white house says only that the u.s. supports peaceful protests. officials have steered clear of addressing some protesters calling for the removal of chinese president xi jinping. u.s. national security officials are concerned that a u.s. response could undercut demonstrators. the thought is that a stronger response could prompt claims by the chinese government that the protests are part of a maligned effort by the u.s. let s turn to former u.s. ambassador to china, gary loch, a former commerce secretary, former governor of washington. lots of titles there, mr. ambassador. good to have you back. let s start with the rhetorical approach. when it comes to the protests in iran, the president says we will free iran, taking a different trac track. should the u.s. be more bold with these protests? i think the united states and ....