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your reaction to janet yellen in china once again this week. >> when janet yellen says that our relationship with beijing is more stable, what she's really saying is she's agreed to more dialogue, for instance on overcapacity. but as we talk, the chinese delay. as they delay, we do not get to meeting full solutions and they -- meaningful solutions and they continue to the flood our markets with goods that are overly subsidized by the chinese government. this is a disas disaster for u. her words sound nice. we've been talking to china for more than three decades about these issues. as we talk, china's actions he deteriorate. this is just not good for us. she should start talking about imposing costs on china and doing is now and then -- and then, maria, we might get somewhere. maria: yeah. and talking china for three dak decades, he they've been stealing intellectual property from american businesses and robbing, replicating and replacing our businesses and that you apparently didn't come up in her conversation. it's laughable that the chinese side is trying to say that it's america that's tr
your reaction to janet yellen in china once again this week. >> when janet yellen says that our relationship with beijing is more stable, what she's really saying is she's agreed to more dialogue, for instance on overcapacity. but as we talk, the chinese delay. as they delay, we do not get to meeting full solutions and they -- meaningful solutions and they continue to the flood our markets with goods that are overly subsidized by the chinese government. this is a disas disaster for u. her...
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Apr 30, 2024
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congresswoman, this is a talking point that janet yellen put out in this statement. let's be clear with this budget for 2025. $7.3 trillion budget includes $5.5 trillion in the new tax increases. what do you want to get from janet yellen today in that testimony? >> it's incredible. we're going to be asking her about that today. the worst thing you you can do n the situation we're in is to add taxes and disen sensitiveize work. people need to go to work, we need to pass the provisions that are helping small business that made incredible progress on growth. it's all about growth. we're never going to pay off the debt that has been created under joe biden with all of the give-aways and all that we did during the covid. this is going to be really -- a really interesting meeting with janet yellen and all she's talking about is the same old talking points on raising taxes and giving more give-aways. it's going to be disastrous. but let's hope we can get some kind of movement out of her in the direction of agreement it's the only way out of the mess we're in. maria: we had
congresswoman, this is a talking point that janet yellen put out in this statement. let's be clear with this budget for 2025. $7.3 trillion budget includes $5.5 trillion in the new tax increases. what do you want to get from janet yellen today in that testimony? >> it's incredible. we're going to be asking her about that today. the worst thing you you can do n the situation we're in is to add taxes and disen sensitiveize work. people need to go to work, we need to pass the provisions that...
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your reaction to another trip janet yellen is taking, has taken, on the ground in china. i don't see them coming here all the time but feels like the us is begging for this relationship with beijing, feels like it is 1-sided. how do you see it? >> great to be with you. we need to unpack what the treasury secretary just said. she used the word dialogue, that was the catchphrase of the obama administration, lots of strategic dialogues but what we should be focusing on is china's behavior and that is only worsening with things like the counterespionage law, the detention of foreign nationals including dual citizen chinese americans, raids on american businesses. that's one aspect of this, you have to look at their behavior but secondly, she mentioned the word decouple, china's trying to decouple from the united states, while it is nice the treasury secretary says that, it doesn't really reflect the reality of the relationship. thirdly, the biden administration has made a huge push for electric vehicles in the united states. that has made us more dependent on communist china
your reaction to another trip janet yellen is taking, has taken, on the ground in china. i don't see them coming here all the time but feels like the us is begging for this relationship with beijing, feels like it is 1-sided. how do you see it? >> great to be with you. we need to unpack what the treasury secretary just said. she used the word dialogue, that was the catchphrase of the obama administration, lots of strategic dialogues but what we should be focusing on is china's behavior...
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janet yellen is going to go back again. antony blinken is going to go back again. what's happening. >> china is a predator on so many fronts, economic preed r p, certainly military predators and from an economic standpoint as well. when i hear the white house talking, i understand some of the conversation between president xi and president biden was constructive. what they talked about with regard to tiktok i think president biden made clear what he's looking for is not a ban. he's looking for a divestiture. i think that's the path that chuck schumer will have to figure out as he brings the bill to the floor. they're talking about production china is undertaking of green energy products and flooding the market with it. they're taking a champion industry, subsidizing it and flooding the market with it. what i would have loved to hear more about is how president biden is holding china accountable. i wish he would hold them accountable for purchasing energy from russia and iran. maria: why doesn't he hold xi jinping accountable? your point about flooding the market wi
janet yellen is going to go back again. antony blinken is going to go back again. what's happening. >> china is a predator on so many fronts, economic preed r p, certainly military predators and from an economic standpoint as well. when i hear the white house talking, i understand some of the conversation between president xi and president biden was constructive. what they talked about with regard to tiktok i think president biden made clear what he's looking for is not a ban. he's...
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janet yellen focus on chinese overcapacity concerns, she warned the u.s. will not except new industries being decimated by chinese imports. she cleaned the u.s. china relationship is out of war stable footing in your exchange with chinese officials advancing american interest. haven't we've been hearing this for a long time there were not going to accept this or that from the chinese communist party and at the end of the day we accept everything. she did not make any threats of tariffs or any threats of sanctions, the chinese will keep doing what they could do, the chinese comet's party not the people, the ccp, what are your thoughts, here they are in a bar having beers. >> what china does, their overproduction and by state owned enterprises by the way because of the subsidies that they receive that is how they can undercut what is taking place back here with american business and that means jobs for us and the impact on our eco economy. as we know full well, china has destroyed our textile industry, destroyed our furniture industry, was making a move on d
janet yellen focus on chinese overcapacity concerns, she warned the u.s. will not except new industries being decimated by chinese imports. she cleaned the u.s. china relationship is out of war stable footing in your exchange with chinese officials advancing american interest. haven't we've been hearing this for a long time there were not going to accept this or that from the chinese communist party and at the end of the day we accept everything. she did not make any threats of tariffs or any...
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janet yellen will tell them don't do that. >> reporter: is counterproductive for the united states and the chinese communist party. even with tariffs on electric vehicles and additional tariffs, the chinese are able to produce electric vehicles at half of that. and extremely cheap labor. and genocide camps of the weaker muslins and china is using inhumane practices to gain advantage when it comes to electric vehicles. ashley: it is talk talk talk, will china cut back on its excess capacity when it comes to exports? i don't see it. >> i don't see it at all. the biden administered in has several priorities at cross purposes and each undermine each other. they prioritized the climate change agenda. president biden called the most essential threat to the united states. if that's true, you're going to create policies that prevent the united states from taking advantage of our own oil, and raises inflation, americans can't afford what is necessary to buy these electric vehicles. and the chinese, this party is getting enriched by this policy. the administration has to settle where is incohere
janet yellen will tell them don't do that. >> reporter: is counterproductive for the united states and the chinese communist party. even with tariffs on electric vehicles and additional tariffs, the chinese are able to produce electric vehicles at half of that. and extremely cheap labor. and genocide camps of the weaker muslins and china is using inhumane practices to gain advantage when it comes to electric vehicles. ashley: it is talk talk talk, will china cut back on its excess...
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secretary yellen's agenda should be stop dumping goods in europe and the united states. we don't want to buy anymore things made with weaker labor or subsidies, the biden administration has made this worse by their insistence in mandates in and around ev, battery, solar issues without letting the free market work, you are empowering the chinese, policies that are climate-related and web senator haggerty mentions is the reason we band tiktok, it's the gathering of data through the apps in the case of tiktok rather than an electric vehicle and that's the concern because china is using that data to gather the way americans live and work and use that for disinformation anytime in the future or have information and methodologies to disable american systems. microsoft said they discovered mass amounts of a i use for disinformation in taiwan they picked up through the system and this is another example of china trying to gather data on americans. maria: now we have seen what the ccp is trying to do overtaking the united states. president biden fails to get tough with xi xinping
secretary yellen's agenda should be stop dumping goods in europe and the united states. we don't want to buy anymore things made with weaker labor or subsidies, the biden administration has made this worse by their insistence in mandates in and around ev, battery, solar issues without letting the free market work, you are empowering the chinese, policies that are climate-related and web senator haggerty mentions is the reason we band tiktok, it's the gathering of data through the apps in the...
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Apr 18, 2024
04/24
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janet yellen just back anthony palenque, trying to get the communication going between the u.s. and china. lloyd austin speaking to china's defense minister on tuesday claiming to reestablish top-level military communication for the country for 2022 this was austin's first time speaking to the defense minister who took over the role back in december. we have no evidence that received real communication between the two militaries but this is apparently why the biden administration keep sending cabinet members there begging for a report. >> the chinese look at this and treat the united states as vassals because we goaded beijing. by the way the defense minister is not really a top chinese military official. lloyd austin counterpart in the chinese system is xi jinping in his role as chairman of the communist party central military commission. china always had our senior officials talk to mid-level chinese officials because they believe that the way that they can demonstrate that there in a superior position. we need to stop this. if lloyd austin wants to talk about military matters
janet yellen just back anthony palenque, trying to get the communication going between the u.s. and china. lloyd austin speaking to china's defense minister on tuesday claiming to reestablish top-level military communication for the country for 2022 this was austin's first time speaking to the defense minister who took over the role back in december. we have no evidence that received real communication between the two militaries but this is apparently why the biden administration keep sending...
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Apr 12, 2024
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janet yellen and the ambassador. all of this in the midst of all of the aggression from communist china. you've spoken so much about the ceos of america want to do business in china. your with the new op-ed on foxnews.com it's titled american ceos overlook china risk after a peril. the right american investment will likely continue to play and to china's largest strategic program contributing not only to the erosion of our military advantages but the growing risk of your own companies both in the china market and beyond. what ratcliffe has told me time and time again strategy is simple rob, replicate replace. do the ceos not get that. >> there is a rough revenue in the china market in the wall street journal released an excellent article showing 75 u.s. companies that earn more than $2 billion in the china market which on one hand is not that many companies but for some of the sectors there is a lot going on. the problem equity markets have caught on to the problems of chinese corporations and the next thing is to un
janet yellen and the ambassador. all of this in the midst of all of the aggression from communist china. you've spoken so much about the ceos of america want to do business in china. your with the new op-ed on foxnews.com it's titled american ceos overlook china risk after a peril. the right american investment will likely continue to play and to china's largest strategic program contributing not only to the erosion of our military advantages but the growing risk of your own companies both in...
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think about this our past fed chair, prior, janet yellen is now a political animal. the potential next fed chair, legal brainard is saying janet yellen hold my beer, right? we know they're political people and i don't know, do we just believe that none of that seeps into policy decisions? >> of course it does because you know my view is that the federal reserve and the treasury are a lot more aligned than they have historically been, particularly because janet yellen is a former fed chair and so you know, there is always meetings on a weekly basis between the secretary and the chair but you look at the way that monetary policy has supported the out of control fiscal policy of this administration and really facilitated the monetizaton of some of the debt, there is more alignment it seems to me than there has been in previous administrations. charles: i wanted to get back to what you were talking about this fiscal spending because we have a war-time budget. the budget we are, we have only had in wars. a trillion dollars in interest payments and you know, all in an effo
think about this our past fed chair, prior, janet yellen is now a political animal. the potential next fed chair, legal brainard is saying janet yellen hold my beer, right? we know they're political people and i don't know, do we just believe that none of that seeps into policy decisions? >> of course it does because you know my view is that the federal reserve and the treasury are a lot more aligned than they have historically been, particularly because janet yellen is a former fed chair...
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janet yellen is joe biden's mouthpiece on china. she has a are very friendly relationship with her counterparts there. i think her message just got a lot stronger. she's telling beijing, stop relying on cheap exports to prop up your economy because that overspill is hurting us, our industry and our workers. it's a carrot approach, but she's trying to shift chinese economic policy because they know donald trump is going to try to do this. i don't know if you can shift it, i don't know how you shift it, but -- stuart: true. but the unspoken word there is tariffs. is that our stick that we will hit china with? >> and we're relying on china for clean energy when we have the most oil in the world? it's crazy. she's not doing the right thing. stuart: yeah. i wish we had more time for this. this is very interesting, but e don't. check futures briefly, dow up 200, nasdaq up 170. the opening bell is next. ♪ so am i wrong for thinking that we could be with something for real? ♪ now, am i wrong -- trading at schwab is now powered by amerit
janet yellen is joe biden's mouthpiece on china. she has a are very friendly relationship with her counterparts there. i think her message just got a lot stronger. she's telling beijing, stop relying on cheap exports to prop up your economy because that overspill is hurting us, our industry and our workers. it's a carrot approach, but she's trying to shift chinese economic policy because they know donald trump is going to try to do this. i don't know if you can shift it, i don't know how you...
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Apr 17, 2024
04/24
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two words, janet yellen. so what i fully expect to happen that after you add in tax receipts, the treasury general account will have over $1 trillion in it. whenever it gets up that high, they typically drain it town to about $250 billion. so i 100% expect janet yellen to pump $750 billion or so into the economy between now and the election are which will continue to grow the economy even if it is via performance enhancing drugs because that's essentially what this fiscal stimulus is, but that is offsetting everything or the fed is doing right now. stuart: $700 billion chucked into the economy to get the fed's to balance sheet down to 250. that will help the economy but probably worsen, inflation. >> without a doubt. yeah. i mean, the fed is swimming upstream. it's very challenging for them. and, look, if jay powell is able to remain apolitical and not cut just for the sake of, you know, keeping biden if in office, janet yellen are will be political, and and she will drain that down to about $250 billion and
two words, janet yellen. so what i fully expect to happen that after you add in tax receipts, the treasury general account will have over $1 trillion in it. whenever it gets up that high, they typically drain it town to about $250 billion. so i 100% expect janet yellen to pump $750 billion or so into the economy between now and the election are which will continue to grow the economy even if it is via performance enhancing drugs because that's essentially what this fiscal stimulus is, but that...
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refreshly secretary janet yellen is in china -- treasury secretary janet yellen is in china this morning, the shanghai and hong kong down fractionally, china this morning reiterating that the u.s. does not want to decouple from china according to the janet yellen. then president biden's open border completely out of control and president trump is now out with a new warning about china building a m militia inside the united states. meanwhile, two ring leaders from interest the el paso border charge still on the loose as seven are in custody, ongoing court battles putting texas in a bind to enforce the law. i'll speak with texas governor greg abbott in the 8:00 a.m. our. joining the conversation all morning long, pollster and president of maslansky and partners, lee carter is here and lonski group founder, john lonski. "mornings with maria" is live right now. ♪ maria: it's time for the hot topic of the hour. president biden is headed to baltimore to tour the damage from last week's deadly key bridge collapse. a new politico report finds the biden campaign is bringing on a group of vetera
refreshly secretary janet yellen is in china -- treasury secretary janet yellen is in china this morning, the shanghai and hong kong down fractionally, china this morning reiterating that the u.s. does not want to decouple from china according to the janet yellen. then president biden's open border completely out of control and president trump is now out with a new warning about china building a m militia inside the united states. meanwhile, two ring leaders from interest the el paso border...
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Apr 30, 2024
04/24
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old cpi, we would have a higher cpi, scott hodge, a couple additional turkeys for utreasury secretary yellen, is throwing in with a couple of country in the g20 for a global wealth tax. which would be anti-american since we have most billionaires in wealth, then there is another gem, that biden treasury, yellen, wants to double the capital gains tax on grounds of racial equity. they will give us about a 45% capital gains tax rate. i remember the good old days with george w. bush it was dropped to 15%, 45% on grounds of racial equity, what about jobs and unemployment and, opportunities. scott hodge, do we have to have a global wealth tax and double capital gains tack on racial grounds. >> they are success taxes. this is an assault on people who are successful, who create the jobs, who invest in companies, who create wealth, in both in united states and globalez. the person who is behind the global we'l wealth tax the same person who designed elizabeth warren's wealth tax at the eu tax observer to, that the eu equivalent of congressional budget office run among amuck. they created this idea of
old cpi, we would have a higher cpi, scott hodge, a couple additional turkeys for utreasury secretary yellen, is throwing in with a couple of country in the g20 for a global wealth tax. which would be anti-american since we have most billionaires in wealth, then there is another gem, that biden treasury, yellen, wants to double the capital gains tax on grounds of racial equity. they will give us about a 45% capital gains tax rate. i remember the good old days with george w. bush it was dropped...
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Apr 26, 2024
04/24
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secretary yellen said the u.s. is not taking options off the table and hacking down on china. they're want to stop the market with chinese-made goods and legal expert suggests the supreme court may hand trump on a partial victory on the immunity claim and the very latest from dc coming up next. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. we love being outside, but the sun makes our deck and patio too hot to enjoy. thanks to our new sunsetter retractable awning, we can select full sun or instant shade. it's 20 degrees cooler and you get protection from harmful rays and sun glare. when you call, we'll rush you a special $200 discount certificate with your free awning idea kit! you'll get your sunsetter
secretary yellen said the u.s. is not taking options off the table and hacking down on china. they're want to stop the market with chinese-made goods and legal expert suggests the supreme court may hand trump on a partial victory on the immunity claim and the very latest from dc coming up next. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles,...
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Apr 18, 2024
04/24
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janet yellen, as bad as trump was fiscally, janet yellen is issuing so much debt, she is issuing short-term debt so she doesn't screw up the 10 year yield on mortgage prices and -- neil: as treasury secretary you have to finance the new spending. neil: doing it -- compounding -- charles: not even that. the most fiscally irresponsible way. and she and rolling stuff over. at a recipe for disaster. and when how looks at that. >> it's binary. this whole thing with spending. and more student loan type forgiveness deals. lauren: 1 about truth social? it is very volatile. and a short sale, and sell it, you have to buy it. charles: i've been writing it for years. it leads to pops on the stock. neil: this might just be that. charles: or people piling, charles: it was weird and irrational. >> they rightly and they write you and they say you're comparing this to a meme stock. neil: it is nasty. charles: at the company with massive massive head wents. social media. elon musk is pulling his hair out trying to figure out how to mind x, many more users, more infrastructure. julie: are not a believer in th
janet yellen, as bad as trump was fiscally, janet yellen is issuing so much debt, she is issuing short-term debt so she doesn't screw up the 10 year yield on mortgage prices and -- neil: as treasury secretary you have to finance the new spending. neil: doing it -- compounding -- charles: not even that. the most fiscally irresponsible way. and she and rolling stuff over. at a recipe for disaster. and when how looks at that. >> it's binary. this whole thing with spending. and more student...
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Apr 29, 2024
04/24
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you know what, steve, will biden and yellen buy into this? i have a feeling they might. >> buy boo it, i'm sure they're behind the scenes cheering and janet yellen is all for global taxation and have two pillars, global minimum tax on companies and global minimum tax coming on incomes, personal incomes and not just the rich. there's a movie back in the early 60s, great one called it's a mad, mad world and it's now tax, tax, tax world and that's why this election is so important and got to stop this because they figure they'll buy into t the democrats and after they take over, which some day they will, then slip it through congress. that's why we have to stop it now and make it clear to the organizations and doing away from the g20 and not going to have international taxation without representation. we're reducing tax rates as a race to prosperity. ashley: amen. you know, i was just trying to work it out, steve. it was nearly 24 years ago and working in nashville, tennessee. you came through town on your presidential run and i met you to do an
you know what, steve, will biden and yellen buy into this? i have a feeling they might. >> buy boo it, i'm sure they're behind the scenes cheering and janet yellen is all for global taxation and have two pillars, global minimum tax on companies and global minimum tax coming on incomes, personal incomes and not just the rich. there's a movie back in the early 60s, great one called it's a mad, mad world and it's now tax, tax, tax world and that's why this election is so important and got to...
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ashley: as hillary mentioned, this call comes ahead of a visit to china by janet yellen this week. and in the last year, let's get a read on this from gordon chang. great to have you with us this afternoon. and and what do we see about face-to-face accomplish in your mind. >> what we accomplish is a delay, while we talk we don't impose costs. pleading with china to do the right thing or act responsibly. we've been doing this for decades. three of them. what we need to do is go after china for an acceptable behavior. it won't change until we get incentives to it to change. ashley: we mentioned these trade issues. to your point, china will do what china is going to do. you can talk about climate change. they continue to be one of the biggest polluters in the world. the only positive is at least they are talking. >> if we talk, we basically give incentives for the chinese to engage in further bad behavior. we have seen this. for instance, one of the things that was not mentioned was china in the philippines. twice last month the state department issued written warnings the united stat
ashley: as hillary mentioned, this call comes ahead of a visit to china by janet yellen this week. and in the last year, let's get a read on this from gordon chang. great to have you with us this afternoon. and and what do we see about face-to-face accomplish in your mind. >> what we accomplish is a delay, while we talk we don't impose costs. pleading with china to do the right thing or act responsibly. we've been doing this for decades. three of them. what we need to do is go after china...
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Apr 12, 2024
04/24
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i think that rate hike, i think president trump always felt like janet yellen bees partisan at the fed and one reason not to reappoint her and in retrospect, she probably was. what the fed should do is ignore politics and look at data. if you do that, hike, not cut and really nothing i can see in the data that would lead to rate reductions unless something like a black swan event like middle east cot way, way worse and it turned into a really hot war between israel and iran or something. if that were to happen, markets would drop 20, 30% and then the fed probably would start cutting rates. i think big black swan seventh out of control on the upside and larry summers is right about that . larry: kevin, the other point and last point i want to make is seeing a tremendous rate of government spending. harry: you're running a trillion dollar deficit. okay .x it's not lower revenues, it's higher spending. we can hit $2 trillion again. from a president wanting to the fed to drop rates, he's causing inflationary pressures. all the way to 38 trillion and that big ibram increase in debt. leads t
i think that rate hike, i think president trump always felt like janet yellen bees partisan at the fed and one reason not to reappoint her and in retrospect, she probably was. what the fed should do is ignore politics and look at data. if you do that, hike, not cut and really nothing i can see in the data that would lead to rate reductions unless something like a black swan event like middle east cot way, way worse and it turned into a really hot war between israel and iran or something. if...
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Apr 19, 2024
04/24
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also see the fact we haven't gotten much relief in the rent piece of inflation and you know, janet yellen can say what she wants, jerome powell can say what she wants but they can't do anything about inflation. there's no policy they that president biden can put down that's going to tamp down inflation and that's what you're seeing coming out in the polls over and over. maria: there's one thing he can do. >> what do you think he does? maria: stop the reckless spending. that would be the policy. stop the reckless spending. too many dollars chasing too few goods. $7 trillion in spending. we know all of the spending on joe biden's watch. right? inflation reduction act, fiscal responsibility act, chips act, green energy, tax credits, all of it. stop the excess sieve reckless spending. >> he won't do. he could pressure jerome powell. maria: jay powell is facing a tsunami of spending. that's why inflation is elevated. todd, we're watching the polls. i'm surprised as is rebecca the that it's actually this close. >> i'm not surprised when it comes to pennsylvania and wisconsin. i expected to see
also see the fact we haven't gotten much relief in the rent piece of inflation and you know, janet yellen can say what she wants, jerome powell can say what she wants but they can't do anything about inflation. there's no policy they that president biden can put down that's going to tamp down inflation and that's what you're seeing coming out in the polls over and over. maria: there's one thing he can do. >> what do you think he does? maria: stop the reckless spending. that would be the...
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Apr 29, 2024
04/24
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treasury secretary janet yellen is apparently throwing in with a couple of countries in the g20 for a global wealth tax at this would be very anti-american sips we have the most billionaires and wealth. then there is this other gem, the biden treasury once again, yellen, wants to double the capital gains tax on grounds of racial equity. so they're going to give us about a 45% capital-gains tax rate. i remember the good ol' days with george w. bush, when it was dropped down to 15%. 45% on ground the of racial equity. what about jobs and unemployment and business opportunities, scott hodge? do we have to have a global wealth tax? do we have to double the capital gains tax on racial grounds? >> these are success taxes plain and simple. these are an assault on people who are successful, create jobs and companies and wealth in the united states and globally. the person behind the global wealth tax, is gabriel zuckman, same person who designed elizabeth warren's wealth tax, what is called the eu tax observatory, which is eu equivalent of the congressional budget office run amok, chasing dow
treasury secretary janet yellen is apparently throwing in with a couple of countries in the g20 for a global wealth tax at this would be very anti-american sips we have the most billionaires and wealth. then there is this other gem, the biden treasury once again, yellen, wants to double the capital gains tax on grounds of racial equity. so they're going to give us about a 45% capital-gains tax rate. i remember the good ol' days with george w. bush, when it was dropped down to 15%. 45% on ground...
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Apr 29, 2024
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not testament to the popularity of janet yellen. >> at the meeting were in a place where we have things from bitcoin that from relics, the most incredible is squarely wrath, i think that speaks to the quality of the underlying purchase. >> we will leave it there, liz peek, chris mcmahon, great to be with you, have a great day we appreciate your time, 30 minutes before the opening bell, markets are rallying again, ashley webster in first do, take it away. >> good morning maria and good morning, everyone i am ashle
not testament to the popularity of janet yellen. >> at the meeting were in a place where we have things from bitcoin that from relics, the most incredible is squarely wrath, i think that speaks to the quality of the underlying purchase. >> we will leave it there, liz peek, chris mcmahon, great to be with you, have a great day we appreciate your time, 30 minutes before the opening bell, markets are rallying again, ashley webster in first do, take it away. >> good morning maria...
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secretary yellen is in china. i should say treasury secretary yellen, and she's pressing them on this overproduction, flooding the world to gain market share. you know, listen, it's so crazy because they've been doing this for a long time, but i also think it's somewhat ironic considering the biden administration is doing the same thing with evs, using cafe standards to kill gasoline cars. but i'm curious, this expanded role of the treasury secretary, is she the de facto secretary of state as well? >> it's so interesting that she's the one that leads for this administering's china policy, and she is a china dove. and for her to try to convince the chinese to go against their own interests just shows how completely backwards this administration is on china point china wants the -- point china wants to hurt the united states, so it's not going to change its policies so that everybody can have a better, fairer show and live more harmoniously. they want us to be on our back foot x. if so china's not going to change, i
secretary yellen is in china. i should say treasury secretary yellen, and she's pressing them on this overproduction, flooding the world to gain market share. you know, listen, it's so crazy because they've been doing this for a long time, but i also think it's somewhat ironic considering the biden administration is doing the same thing with evs, using cafe standards to kill gasoline cars. but i'm curious, this expanded role of the treasury secretary, is she the de facto secretary of state as...
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Apr 20, 2024
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of that with videos like this coming out of the communist country last week treasury secretary janet yellen and ambassador to china laughing it up and whooping it up drinking beers at a brewery in beijing, joining us michigan congressman john molinari, the incoming chairman of the house select committee, the committee to publish the new report, thank you very much for being here this weekend. >> thank you for having me, good to be with you. maria: tell me more about what your committee has found out in terms of china's complicitous in giving tax breaks to the companies that produce fentanyl so long they keep it out of china. maria: four years that we've known china is manufacturing the precursors to fentanyl that is used in killing hundreds of thousands of americans every year and what this report showed his direct evidence and how the chinese communist party is subsidizing these efforts, they are giving tax benefits to companies, not to build medicine or manufacture things that will improve people's health but rather companies that are manufacturing products that have no benefit healthwise
of that with videos like this coming out of the communist country last week treasury secretary janet yellen and ambassador to china laughing it up and whooping it up drinking beers at a brewery in beijing, joining us michigan congressman john molinari, the incoming chairman of the house select committee, the committee to publish the new report, thank you very much for being here this weekend. >> thank you for having me, good to be with you. maria: tell me more about what your committee...
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Apr 24, 2024
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under graduate is stunning, the way ton to think about it failure of biden administration and janet yellen. the job ofez fro treasury secretary to pick up phone and talks to people when things like this are happening and say, you need to support your currency, they have failed to do that just like everything other than send their top justice department people to work for alvin bragg. >> naughty good work. japan has mer near zero interest rates, that is part of the story our rates are higher. i think that japan is getting -- they are our friend, they are our ally. but they are getting away with it you have cheap exports that will come back to hurt. i don't think that china is clean either in this. china always knows, china does like to manipulate its currency we know that from our experience in government and dealing with the chinese, you have maybe not quite as bad as yen but yuan has fallen quite a lot from 164 to about 174. i am sorry from 640 to about 740. if i get my numbers right. what happens there. chinese don't listen to anything. >> well one thing that is going on, i called my fri
under graduate is stunning, the way ton to think about it failure of biden administration and janet yellen. the job ofez fro treasury secretary to pick up phone and talks to people when things like this are happening and say, you need to support your currency, they have failed to do that just like everything other than send their top justice department people to work for alvin bragg. >> naughty good work. japan has mer near zero interest rates, that is part of the story our rates are...
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Apr 26, 2024
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. >> secretary yellen has been raising this issue for 6 months now making sure we are in a position to ensure russia -- congress's and, to work with allies and partners, to make clear to ukrainians they won't have the resources to defend themselves. the use of researchers -- >> have stepped started to seize those assets. >> we design options not just in the united states. and we take that action, and with the president is done throughout this were. ibly10 is there a timeframe when we can see the assets take that. >> to the point you made, in the united states, to make sure in the united states working for ways to benefit the ukrainian people, something we bring our allies and partners along with. we want to make sure in addition to congress sending ukraine military equipment to support their defense and financial resources to support their economy that we are willing to use russia's assets for what is critically important and building coalition to do that. >> thank you very much. president biden is in new york city so an interview with howard stern while protests continue to disrupt co
. >> secretary yellen has been raising this issue for 6 months now making sure we are in a position to ensure russia -- congress's and, to work with allies and partners, to make clear to ukrainians they won't have the resources to defend themselves. the use of researchers -- >> have stepped started to seize those assets. >> we design options not just in the united states. and we take that action, and with the president is done throughout this were. ibly10 is there a timeframe...
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Apr 11, 2024
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he reminded us, larry lindsay, that janet yellen, a poor treasury secretary, but a good me fed chair, she tightened raised fed funds rate after the election in 2016, the fed meeting was in december she raised fed funds target, i think a couple more times in 2017, because inflation -- i am suggesting brian brenberg, that j. powell is reading that playbook, that there is -- not only will there be no rate cuts, but they may have to raise rates after the election. >> let me say. >> long shot maybe. >> this is watershed moment, you go one of two ways, if you do that, that tells you that fed may be reestablishing real independence. you make a good case if he cuts, no mistake right now given the data, you have a hopelessly politicized fed. one is a great move. and one is terrible. larry: and potential well -- worse and worse inflation story. that would be a repeat of the 1970s. then you would see will do are crashing, gold is up -- dollar crashing and you can't do it, how could a smart investor like you suggest they will cut rates, i don't understand. >> i am being realistic. itelling you wh
he reminded us, larry lindsay, that janet yellen, a poor treasury secretary, but a good me fed chair, she tightened raised fed funds rate after the election in 2016, the fed meeting was in december she raised fed funds target, i think a couple more times in 2017, because inflation -- i am suggesting brian brenberg, that j. powell is reading that playbook, that there is -- not only will there be no rate cuts, but they may have to raise rates after the election. >> let me say. >> long...
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Apr 18, 2024
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national security a adviser says -- and janet yellen and says same thing. we'll putting sanctions down on iran. they have some paper sanctions on. i don't know steel is latest one. iran not known for steel making. not once since they loosened sanctions senator not once have they gone after iranian oil exports. which have gone from 900 thousand production from 900 thousand barrels a day to 3.5 million. as ud you may know virtually all china, china is importing 1.5 million barrels a day from iran, china is financing iran a's war of terrorism against israel, russia too. the bidens would rather keep price of gasoline down then help protect israel independence. >> we have two wars happening right now, one with russia. with ukraine. and there is oil involved in, that but china is bailing them out because china is buying their oil, we could not put the sanctions. on other hand, iran we made them rich. we have not been able to block the sale of iranian oil, and we're buying it, joe biden speaks out of both sides of his mouth, he better back israel, he won't last to
national security a adviser says -- and janet yellen and says same thing. we'll putting sanctions down on iran. they have some paper sanctions on. i don't know steel is latest one. iran not known for steel making. not once since they loosened sanctions senator not once have they gone after iranian oil exports. which have gone from 900 thousand production from 900 thousand barrels a day to 3.5 million. as ud you may know virtually all china, china is importing 1.5 million barrels a day from...
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Apr 17, 2024
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treasury secretary janet yellen says the u.s. plans to impose new sanctions on iran in the coming days. watch this. >> and discussions that i have had all options to disrupt terrorist financing over iran continue to be on the table. we have been working to diminish iran's ability to export oil. clearly iran is continuing to export some oil. there may be more that we can do. >> she's talking about all the options on the table. they bid on the table for years and were talking about the beat on the table. the biden administration is facing backlash for extending the sanction waiver last month and unlocked up to $10 billion in frozen money for iran biden is also making a 6 billion-dollar prisoner swap deal with iran that happened last year. what do you think iranian leadership used all the money for were they planning an attack, do they buy weapons and ammunition to attack israel. >> that's exactly what i've been saying the last few months and that's going to happen all of the revenue not on the people of iran but to support its prox
treasury secretary janet yellen says the u.s. plans to impose new sanctions on iran in the coming days. watch this. >> and discussions that i have had all options to disrupt terrorist financing over iran continue to be on the table. we have been working to diminish iran's ability to export oil. clearly iran is continuing to export some oil. there may be more that we can do. >> she's talking about all the options on the table. they bid on the table for years and were talking about...
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it's a situation where biden is now going to send janet yellen the treasury secretary back to china and extended spring vacation and manufacturing and beijing and the secretary of state will go back over and last summer was the summer ovlove and all the outreach to culminating with xi jinping outside of san francisco and what are they showing for it and doesn't produce any change in chinese behavior and missing is any real significant change and biden's defense budget, no particularly big shift of forces to the pacific, which is something xi would notice and respond to. stuart: i have 30 seconds. do you think within the next cade, will china invade taiwan. >> i don't think s.xi puts his rule in the ccp rule on the line and he does that and different flash point and south china sea and fighting a low intensity conflict against the philippines over territories in the south china sea so mistakes could lead to war and d-day style invasion of taiwan and too high risk for china. stuart: got it, christian whiten, thanks for being with us. see you son. >> thank. come on in, ashley. how do we wa
it's a situation where biden is now going to send janet yellen the treasury secretary back to china and extended spring vacation and manufacturing and beijing and the secretary of state will go back over and last summer was the summer ovlove and all the outreach to culminating with xi jinping outside of san francisco and what are they showing for it and doesn't produce any change in chinese behavior and missing is any real significant change and biden's defense budget, no particularly big shift...
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janet yellen has to bring a lot of supply to the market and while there will be buyers, the question is, at what price will they clear? a lot of supply in the market. figure supply focus crisis to go lower and yields higher and that is the next thing investors will have to keep trying in addition to earnings which will start next week. >> professor tuckman, always good to have you. thank you so very much. this first day of april, it's only an infant barely one day old april turning out to be an active baby when it comes to board battles. we will disney be the mouse that roars with activist nelson this wednesday. caltech company basing his own boxing fight for the first second time in two years. a representative of a shareholder joining us live on how he will vote masimo ceo joe is here. activating and advocating for change. are these battles good for the stocks? let's look at the past six months, disney up about 31%, since november 30 but if you look at the six month picture, it would be a gain of 48% while masimo over six months have gained 76%. claman countdown is coming back with
janet yellen has to bring a lot of supply to the market and while there will be buyers, the question is, at what price will they clear? a lot of supply in the market. figure supply focus crisis to go lower and yields higher and that is the next thing investors will have to keep trying in addition to earnings which will start next week. >> professor tuckman, always good to have you. thank you so very much. this first day of april, it's only an infant barely one day old april turning out to...
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treasury secretary janet yellen is meeting with former chinese vice premier this morning in beijing. back in washington, congress is back after a two week recess with the growing risks of a wide open border front and center. the house gets set to send impeachment articles for alejandro mayorkas to the senate on wednesday. hhear why floridagovernor ron de about his state sues the administration. things are looking up, a rare total solar eclipse will be seen in parts of the united states this afternoon. we're previewing it from every angle this morning. joining the conversation all morning long this morning, column oft and fox news contributor, liz peek, michael lee strategy found r, michael lee. "mornings with maria" is live right now. ♪ what are we waiting for. ♪ what are we waiting for. ♪ why are we wasting all the time like someone's making more. ♪ what are we praying for. ♪ what are we saving for. ♪ what if we could be the lying that no one could ignore. maria: time for the hot topic of the hour. former president trump's campaign raising an historic haul of more than $
treasury secretary janet yellen is meeting with former chinese vice premier this morning in beijing. back in washington, congress is back after a two week recess with the growing risks of a wide open border front and center. the house gets set to send impeachment articles for alejandro mayorkas to the senate on wednesday. hhear why floridagovernor ron de about his state sues the administration. things are looking up, a rare total solar eclipse will be seen in parts of the united states this...
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Apr 26, 2024
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treasury secretary janet yellen reacting to yesterday's weaker than expected first quarter gdp. here's what she said. >> what is your reaction hot off the presses to today's first quarter gdp data? >> a lot of the data take theres actually not yet in hand. there could be revisions. the u.s. economy continues to perform very, very well. the fundamentals here are in line with inflation continuing down back toward normal levels. maria: that was a lot of talking points. you're talking about the slowest economic growth story since second quarter 2022, brenda. we've got the pce index out. year over year it is exact todd be up 2.7%. jamie dimon told the wall street journal that he's giving a soft landing long odds. watch this. >> the consumer's in pretty good shape. one thing you've got to be questioning about, a lot of it is driven by fiscal spending. that will have other consequences possibly down the road, called inflation, which may not go away like people expect. i look at the range of possible outcomes. you could have that soft landing. i'm a little more worried that it may he no
treasury secretary janet yellen reacting to yesterday's weaker than expected first quarter gdp. here's what she said. >> what is your reaction hot off the presses to today's first quarter gdp data? >> a lot of the data take theres actually not yet in hand. there could be revisions. the u.s. economy continues to perform very, very well. the fundamentals here are in line with inflation continuing down back toward normal levels. maria: that was a lot of talking points. you're talking...
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Apr 30, 2024
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so bidenomics seems to raise capital gains tax all the way up to 44.6% and the janet yellen treasury department points out that white families disproportionately hold assets. well, yes, we know that, but we also know that during the trump years, hispanic and black businesses prospered. unemployment rate fell to record lows. poverty declined significantly and the inequality dropped for the first time in nearly four decades. in other words, lower taxes led to wise -- widespread prosperity nothing to do with class warfare , rich versus poor, or the color of your skin, or any of these nutty policies coming out of the current administration. no, taxing success can bring you less success. taxing prosperity will bring you , wait for it, less prosperity for everyone, regardless of color. taxing white people will not help minorities. a falling tide will instead sink everyone. this race based tax policy is utter insane. wait. wait, wait, wait, there is more. the biden's would love to confiscate wealth by taxing unrealized capital gains. that would be economic suicide, probably unconstitutional
so bidenomics seems to raise capital gains tax all the way up to 44.6% and the janet yellen treasury department points out that white families disproportionately hold assets. well, yes, we know that, but we also know that during the trump years, hispanic and black businesses prospered. unemployment rate fell to record lows. poverty declined significantly and the inequality dropped for the first time in nearly four decades. in other words, lower taxes led to wise -- widespread prosperity nothing...
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Apr 26, 2024
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. >> not the rose used economic picture for the president, treasury secretary janet yellen saying she things the crispy revisions that make the economic picture look a little bit better but some analysts say sticky inflation is not going away because president biden has not stopped spending money we don't have. others worry political pressure for fed chair jerome powell to cut weight could make inflation even worse. >> you see the inflation rate ethically, growth slow, that is textbook stagflation. talk about cutting rates instead of raising, it makes no sense. they are doing it for political purposes. >> there's political pressure in washington to get jerome powell to cut rates. elizabeth warren is one who has tried to pressure powell to lower rates for the high housing costs. >> great reporting is always. look who's here, fox news contributor and columnist, liz peek you heard the white house talking points on the economy, what is your reaction? >> the economy is not in dire shape and there's only one reason, joe biden continues to spend money like crazy. we are spending about 25% of
. >> not the rose used economic picture for the president, treasury secretary janet yellen saying she things the crispy revisions that make the economic picture look a little bit better but some analysts say sticky inflation is not going away because president biden has not stopped spending money we don't have. others worry political pressure for fed chair jerome powell to cut weight could make inflation even worse. >> you see the inflation rate ethically, growth slow, that is...
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Apr 29, 2024
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not testament to the popularity of janet yellen. >> at the meeting were in a place where we have things from bitcoin that from relics, the most incredible is squarely wrath, i think that speaks to the quality of the underlying purchase. >> we will leave it there, liz peek, chris mcmahon, great to be with you, have a great day we appreciate your time, 30 minutes before the opening bell, markets are rallying again, ashley webster in first do, take it away. >> good morning maria and good morning, everyone i am ashley webster in force two. let's get right to it anti-israel protest on college campuses showing no signs of slowing down as the end of the 13th day, 900 demonstrators have been arrested with fights breaking out between protesters and police and a variety of places including ucla, usc, texas and look at this at harvard anti-israel protesters flying the palestinian flag with the u.s. flag is supposed to be. a new poll with some concern with biden campaign with six months left election day a majority of americans call biden's first term of failure and trumps a success, that is from c
not testament to the popularity of janet yellen. >> at the meeting were in a place where we have things from bitcoin that from relics, the most incredible is squarely wrath, i think that speaks to the quality of the underlying purchase. >> we will leave it there, liz peek, chris mcmahon, great to be with you, have a great day we appreciate your time, 30 minutes before the opening bell, markets are rallying again, ashley webster in first do, take it away. >> good morning maria...
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treasury secretary janet yellen en route to china this morning, there to discuss a level playing field with beijing and apparently new risks about climate change. meanwhile, back at home, a major month for the trump campaign, the rnc and president trump fund raising more than $65 million for the month as the 45th president leads president biden in six out of seven swing states. joining the conversation all morning long this morning, strategic wealth partners ceo, mark tepper, gop strategist, joe pinion and former new york state security advisor, michael ball l balboni. "mornings with maria" is live right now. ♪ maria: and it's time for the hot topic of the hour. a gallup poll finding 57% of americans think that president biden is likable, that's down 9% from 2020. the poll also finds the same percentage say former president trump is a strong and decisive leader. in 2024, that's up 1% since 2020. new readings this morning to a take a look at. joe pinion, your reaction. >> look, certainly those are encouraging numbers for president trump and i think it reflects what most americans real
treasury secretary janet yellen en route to china this morning, there to discuss a level playing field with beijing and apparently new risks about climate change. meanwhile, back at home, a major month for the trump campaign, the rnc and president trump fund raising more than $65 million for the month as the 45th president leads president biden in six out of seven swing states. joining the conversation all morning long this morning, strategic wealth partners ceo, mark tepper, gop strategist,...
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Apr 18, 2024
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treasury secretary janet yellen says this is meant to degrade and disrupt the iranian ma if line activities with their uav program. stu? stuart: israel's prime minister netanyahu rejected calls for his country to show restraint is. he says israel will make its own decisions about how to defend itself. of trey yingst in tel aviv. what's the latest from there, trey? >> reporter: yeah, hey, stuart, good morning. israeli forces are on high alert waiting for orders from the country's war cabinet to strike back against iran. reports do indicate strikes planned against the islamic republic were called off two times over the past several days. we do know the israelis are waiting for the right operational a window to respond to the drone and missile attack over the weekend. iran's top officials are threatening immediate retaliation if such a strike takes place, forcing israel to consider the jewish holiday of passover that starts on monday. with that in mind, the israeli army is getting ready for the possibility of another iranian attack. >> we allow for a long time to be satisfied from what we see,
treasury secretary janet yellen says this is meant to degrade and disrupt the iranian ma if line activities with their uav program. stu? stuart: israel's prime minister netanyahu rejected calls for his country to show restraint is. he says israel will make its own decisions about how to defend itself. of trey yingst in tel aviv. what's the latest from there, trey? >> reporter: yeah, hey, stuart, good morning. israeli forces are on high alert waiting for orders from the country's war...
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Apr 29, 2024
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what is going on in all these meetings where they're having beers in a bar in beijing with janet yellen and shaking everybody's hands with antony blinken. do any of these real issues comp up do you think? >> really what's occurring here is blinken goes to china to beg. that's what the chinese pop began da says. -- propaganda says and i think that's actually you true and this is feeding china's already inflated sense of self importance. we know the beijing propaganda talks about this. xi jinping humiliated blink enon friday when xi jinping allowed himself to be photographed saying when does he leave and then when he was told that blinken was leaving that evening, xi jinping turned around and said good. you no, -- you know, so really blinken just needs to -- just needs to understand thats he's been humiliated, needs to stop it. the biden administration continues doing this because they believe it's important to have dialogue but they're just making the chinese more arrogant. so the biden administration has completely -- his policies that sound good to tier but they're making the -- to the
what is going on in all these meetings where they're having beers in a bar in beijing with janet yellen and shaking everybody's hands with antony blinken. do any of these real issues comp up do you think? >> really what's occurring here is blinken goes to china to beg. that's what the chinese pop began da says. -- propaganda says and i think that's actually you true and this is feeding china's already inflated sense of self importance. we know the beijing propaganda talks about this. xi...
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Apr 17, 2024
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why aren't we doing anything about it and why are we acting as if everything is fine, sending janet yellen, antony blinken and everybody else to go meet their counterparts in china and never bringing this up? >> yes. this fen fentanyl war waged agat the american people by the chinese communist party is another example of the weakness of the biden administration's foreign policy. here once again is an example of the biden administration chasing diploma massey, chasing upfront concessions and begging the chinese to help us on the fentanyl issue with no results. for example, at the apecks summit, the last biden xi t meeting biden gave upfront concessions and said we're going to delist the institute of forensic science, a known human rights violator on the commerce entity list, we're going to take the sanctionses off this notorious organization within china in exchange for cooperation down the road on fentanyl and as witnesses testified yesterday, nothing -- nothing has been done. the chinese have done nothing. they accelerated their war using fentanyl against the united states. this foreign p
why aren't we doing anything about it and why are we acting as if everything is fine, sending janet yellen, antony blinken and everybody else to go meet their counterparts in china and never bringing this up? >> yes. this fen fentanyl war waged agat the american people by the chinese communist party is another example of the weakness of the biden administration's foreign policy. here once again is an example of the biden administration chasing diploma massey, chasing upfront concessions...
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Apr 23, 2024
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think the way to think about it, it is a failure of the biden administration and specifically janet yellen at treasury. the job of the treasury secretary is to pick up the phone and talk to people when things like this are happening, hey, you need to support your currency, it is getting out of line with fundamentals. they have utterly failed do that, and on everything but send their top justice department people to work for alvin bragg. larry: japan has zero interest rates that is part of the story. our interest rates are much higher. that is part of the story. japan is -- they're our friend, they are our ally they're getting away with it with cheap exports. that will come back to hurt it. >> yeah. larry: i don't think china is clean either in this, okay? i think china always knows, china does like to manipulate its currency. we know that from our experience in the government in dealing with the chinese. so you have got, it is maybe not quite as bad as the yen but the yuan has fallen quite a lot. i think as i said from 1.64 to 1.74. i'm sorry from 640, to about 740, if i get my numbers rig
think the way to think about it, it is a failure of the biden administration and specifically janet yellen at treasury. the job of the treasury secretary is to pick up the phone and talk to people when things like this are happening, hey, you need to support your currency, it is getting out of line with fundamentals. they have utterly failed do that, and on everything but send their top justice department people to work for alvin bragg. larry: japan has zero interest rates that is part of the...
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Apr 30, 2024
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. >> just moments before we started janet yellen was out talking and i think it backfired. seems like she was trying to soothe anyone but i don't think she really succeeded. the idea to your point, the amount of money this country is spending and raising, they say people will always buy our bonds but at the right price. >> what price, exactly. charles: the buyers are in the driver's see now. >> you're stuck between a rock and hard place. own one hand they want to cut-rates stimulate growth, prop up financial markets. if the economy slows down significantly they probably will. but i think all the inflation assets will take off when they see that. they're stuck between a rock and hard place. charles: good to have your wisdom on the show, george. >> take care. charles: the surreal disconnect between what is going on in geopolitics and what is being discussed about geopolitics. what she is calling geopolitical jujitsu. she will break it all down next. ♪. (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, p
. >> just moments before we started janet yellen was out talking and i think it backfired. seems like she was trying to soothe anyone but i don't think she really succeeded. the idea to your point, the amount of money this country is spending and raising, they say people will always buy our bonds but at the right price. >> what price, exactly. charles: the buyers are in the driver's see now. >> you're stuck between a rock and hard place. own one hand they want to cut-rates...
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Apr 18, 2024
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national security advisor comes out and they say, and janet yellen comes out and says the same thing, jake sullivan says it, we're putting sanctions down on iran, and they have some paper sanctions on steel, is the latest one i saw. iran, not known for its steel-making. not one since they loosened the sanctions, senator, not once after they have gone after iranian oil exports which have gone from 900,000, 900,000 barrels a day to 3 1/2 million barrels a day and as you probably know, it is all china, virtually all of it is china. china is importing 1 1/2 million barrels a day from iran. china is financing iran's war of terrorism against israel, okay? russia is too, but i'm focused on the bidens would rather keep the price of gasoline down then they would help protect israel's independence. what do you make of that? >> you're exactly right. we have two wars going on right now, larry, one with russia. one with ukraine. that is all involved in that. china is bailing them out. we have 40,000 sanctions on russia, not one of them have worked. on the other hand iran we made them rich because
national security advisor comes out and they say, and janet yellen comes out and says the same thing, jake sullivan says it, we're putting sanctions down on iran, and they have some paper sanctions on steel, is the latest one i saw. iran, not known for its steel-making. not one since they loosened the sanctions, senator, not once after they have gone after iranian oil exports which have gone from 900,000, 900,000 barrels a day to 3 1/2 million barrels a day and as you probably know, it is all...
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Apr 11, 2024
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he reminded us, larry lindsey, give him full credit, janet yellen who has been a poor treasury secretary but a pretty good fed chair, she tightened, raised the fed funds rate right after the election in 2016. in fact the fed meeting was in december and she raised the fed funds target. i think she raised it a couple more times in 2017 because inflation pressures were going. i'm suggesting, brian brenberg, i will start with you, that jay powell is reading that playbook, okay? that, not only will there be no rate cuts but they may have to raise rates once or twice after the election? >> let me say this. larry: long shot maybe but -- >> that would be, this is sort of a watershed moment right now. you will go one of two-ways. if you do that, what it tells you is the fed may be re-establishing real independence. if he reads that playbook. larry: yes. >> but you make a good case. if he cuts, no mistake, right now, given the data that means you've got a hopelessly politicized fed. larry: right. >> one is a great move and one is terrible. larry: and you have potentially worse and worse inflation
he reminded us, larry lindsey, give him full credit, janet yellen who has been a poor treasury secretary but a pretty good fed chair, she tightened, raised the fed funds rate right after the election in 2016. in fact the fed meeting was in december and she raised the fed funds target. i think she raised it a couple more times in 2017 because inflation pressures were going. i'm suggesting, brian brenberg, i will start with you, that jay powell is reading that playbook, okay? that, not only will...