Yi said china wants basically a relationship of mutual respect, Peaceful Cooperation and says if the us is obsessed with surpassing china, they are doing that to the detriment of themselves. The number of also Business Issues raised, fashionable Artificial Intelligence, china saying it really wants Global Governance but that all sides need to be included in the ai race, as well as the issues of belt and also being brought up. Well as the issues of belt and also being brought up. Yes, he didnt shy also being brought up. Yes, he didnt shy away also being brought up. Yes, he didnt shy away from also being brought up. Yes, he didnt shy away from more didnt shy away from more sensitive topics as well i understand from what did he have to say about russia . Interesting, of course. These Press Conferences are very orchestrated events of the firstjournalist orchestrated events of the first journalist given a question to firstjournalist given a question to ask first journalist given a question
That members are being careful not to mistep in either direction, whether that is cutting Interest Rates too soon or too little too late. He will have more to say in front of the Senate Banking committee on thursday. In other news making headlines, a former Google Software enginer has been indicted in california on charges of stealing Trade Secrets related to the compay s Artificial Intelligence technology. Our Asia Business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. He was arrested at home in california charged counts of stealing on behalf of two Chinese Companies stealing ai. We understand he worked as a Software Engineer from 2019. In 2022, he started being courted by a chinese start up to be their chief technology officer. From then until may 2023, he uploaded or stole about 500 different confidential documents, particularly pertaining to systems and chips that are needed by google to build their data centres t
Silva has been watching him in the newsroom, keeping tabs since he started addressing the press. What has he been saying . The biggest theme is presenting china as an International Statesman when it comes to global peace and security. He said it is about a winner when a corporation, that chinas Development Help the rest of the world and that china is interested in creating a shared prosperity with a community for shared future of mankind. He spoke about the progress for the global south. This was in opposition to the way they characterised, what ideals are later on between the relationship of us china, characterising instead that the us has been after for themselves. They say china is willing to improve the dialogue and they talk about hopes after the summit last year in San Francisco of Mutual Respect and peaceful cooperation. They said the hazard some improvements but the us was targeting china and with bewildering levels of ungovernable uncertainty. He also said if the us is pressin
235i23 facing a threat of flash flooding. flooding is also a big problem in st. louis, missouri. there have been multiple rescues of people trapped in their homes. and new video out of las vegas overnight, take a look. water pouring into some of the casinos. over an inch of rain fell there, saturating the vegas strip. i want to get right to derrek vn d dam. what is happening in kentucky, there are water under way. and there is a dam that is under a concern. yes, a flooding event that took place in st. louis and now looking likely that we have another one in 1,000 year event that has taken place across eastern kentucky. thanks to the ongoing rain that is falling as we speak, right now national weather service continuing with flood watches, flood warnings and even flash flood warnings near the border of kentucky and west virginia as some of the heaviest rains move through the area swelling the rivers and also overflowing some of the local roadways there, submerging homes as w
Easier to solve. we re in a world where a lot of global shops will boost prices over time and how do we get from that world into an inflation scenario that is more comfortable, that doesn t erode the paychecks of most americans. that is the question. and unfortunately, there is a limit to what the federal reserve or congress can do about global supply shops other than make them more comfortable for people. but actually solving that problem, that will be a hard one to solve. inflation data due later this morning. the fed s favorite inflation gauge and this is not the cpi, something called the pce, what do you expect that we ll discover about the inflation story later this morning? we re going to discover that that inflation is spreading. it is broad based. and it is not just about food and gas prices which tend to be volatile. but really feeds into what the fed looks at as core inflation. why they look at more core inflation is because that