president xi and president biden prepare for key talks as tensions grow over trade, taiwan and climate change. and adele tells oprah she had terrifying anxiety attacks after her divorce and was embarrassed her 8—year marriage broke down. it isa it is a process. the process of a divorce, the process of being a divorce, the process of being a single parent, the process of not seeing your child every single day wasn't really a plan that i had. live from our studio in singapore, this is bbc news. it is newsday. it's 9:00 in the morning in singapore, 1:00 in london and 7:30am in myanmar where the ruling military have been speaking exclusively to bbc world news. they say they released us journalist danny fenster, sentenced last week to 11 years in prison, in an attempt to improve relations with the united states. the military seized power in a coup on the first of february and thousands of people have been detained since then during violent demonstrations demanding the restoration of democracy. in a wide—ranging interview, myanmar�*s deputy minister of information, major—general zaw

xi wants to show he is an equally important leader, transforming china into a global power. he wants to make his power felt all across chinese society as well. he has boosted the military, and launched a crackdown that has muzzled tech tycoons like alibaba jack ma. in recent weeks, he has been stepping up pressure on taiwan, which china considers its own island. at the party meeting laying the groundwork for next year's congress, xi is expected to secure hisosition for another five years. but one challenge is yet overcome economic headwinds. growth is slowing among an energy crunch and supply chain disruptions, and there are still concerns about china's real estate market. brent: catholic bishops in france have agreed to compensate child sex abuse victims, after a report last month revealed extensive abuse covering decades. they are meeting in lourde bishopss committed to allocating money in a find and said they would sell church real estate avoid taking out a loan if need be. reporter: it was a moment france had long been waiting for, a gesture of humility from bishops. bot

amy: obviously president xi is it a strong domestic position. last week china had an apartment commonest party meeting where president xi was put on par with mao zedong is one of the great leaders of china. domestically he is strong. last week at aipac in his video chat with other leaders he was hearing resistance to china's rhetoric. i think he is pulling back. we are not hearing so much of that warrior component, you have to meet us where we are on these issues. i'm not sure the u.s. side has more leverage, but i think the biden administration has been quite successful, not in talking about change in china, and talking about strengthening the united states and building partnerships. we know secretary ray mondo and the ambassador are both in asia this week around china and beating together in japan and going their separate ways to south korea and india. that is good for the u.s. mission. i think it brings us, and secretary blinken says this often come into a position of strength. i think the chinese are taking notice of that. guy: final quick q

president xi looks to ease tensions with the virtual summit later today. and airbus with a big win at the dubai air show with a mega order for 255 jets. we bring you the packed lineup above interviews from the event. well well -- warm welcome from singapore. it is good to be on the road, and i would say the markets convulsed last week. when i looked at what happened in the five-year paper, use of use the chart yesterday and we talked about this morning. we are setting up a messy bar shock. good morning, dani. dani: good morning, these opposing forces, not just expectations of volatility in the mob index, but also the liquidity index. this has been a rethink on the global bond market, as we see over and over again continually we have managers caught wrongfooted by the surprising moves and shocking inflationary numbers. manus: absolutely, and i think we are going to set up the agenda this week, part of the reason why i am on the road is for the new economy form. where are we with supply chains? we talk about larry summers, and of course you have neel kashkar

as we learned of a potential hostage swap right before joe biden's call was xi jinping what is joe biden doing to stop the authoritarianism and why is he tiptoeing around xi jinping. >> what we need our people to understand that what china is as a geopolitical competitor in a potential adversary, they seek to overtake us. bret: tennessee senator marsha blackburn is here on china, inflation in biden's attorney general politicking at the department of justice. right here right now on "sunday morning futures" ♪ ♪. bret: first up kevin mccarthy smacked down, the gop leader busted up the democrats plan to vote on biden's tax-and-spend agenda thursday night by speaking for a marathon eight and a half hours forcing the vote to be delayed until friday morning while fighting the biden agenda. >> this evening showed no matter the time, the day or the circumstances. house republicans will always fight for you, fight for your family and fight for our country. maria: joined me after the marathon speech, kevin mccarthy. it is great to see you this morning, thank you for being here. congratulations

still xi stressing that on taiwan the u.s. is in his words playing with fire. >> seems to me our responsibility as leaders of china and the united states is to ensure that the competition between our countries does not veer into conflict whether intended or unintended, simple straightforward competition. we believe, and you and i have talked about this, all countries have to play by the same rules of the road. >> the meeting as expecting no major outcomes, perhaps the warm gestures, the waves, the smiles. they just might be signs of progress, john. certainly a change from what we have been seeing here for past couple of years. >> a change in the tone anyway. we'll see if there's a change in the content. david culver, grateful for the reporter. >> let's bring into our conversation the head of the china program and the senior fellow at the simpson center. thanks so much for being with us. you just heard david cull vermont i want to bring up the major issues in the incredibly relationship, economic concerns, treatment of people i

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what's critical here is to tell president xi listen, you have forced my hand, president xi. your aggression with taiwan is forcing me to forward deploy more forces into the region to make certain that you don't take the foolish act of taking taiwan by force. and that sends more of a message than any words will send. it is what our actions are in the region militarily. that will get the message across to president xi and military leaders. >> trace: general jack keane. great to see you, sir. thank you. >> dana: fox news alert. the trial of kyle rittenhouse resumes in minutes with closing arguments and jury instructions. we'll go live to the courthouse for that plus help wanted. more than 10 million jobs open but no takers as record numbers of americans are quitting work. what is going on with the jobs market? who better than mike rowe. he is up next. here comes the interception. oh -shawn? yes. thank you. you're welcome. have a great day. if it's “that will leave a mark season,” it's walgreens season. well, would ya look at that! if it's “that will leave a mark season,�

president biden was hoping to meet xi in person, but xi has not left china in two years since the beginning of the covid pandemic. it's going to be yet another virtual meeting two years into the zoom era. we know that's not ideal for establishing a personal relationship, so it's a summit, but it's still, you know, a summit at a distance. tai taiwan has been a major point of friction in recent months and it's notable you had secretary of state antony blinken speaking in advance of this, but trade is going to be the key question. we don't know very much, interestingly, this far into the biden presidency, you know, they've stuck which president trump's tariffs and that's clearly not really the biden [ inaudible ] so i think one key impression is do they come out of this with a market change in tone or not when it comes to economic relations between the two countries. that's what i would be looking for. >> and tyler, i mean the two leaders already have a history, right, and a rap port? we know that president biden met xi just before he became president in 2011. do you think president biden will

the biden-xi summit today is the pinnacle of that on both sides. although we will have temporary styling of relationships, the fundamental systemic differences remain. this continues to be an all out power competition that will be the defining for striving not just politics but the economy and markets. matt: put aside the geopolitical's like taiwan, south china sea. what are the business concerns, market and financial concerns that these two global powers are fighting over? diana: course, we have trump's trade deal, america urging that china abides by the terms, but it will be up to the u.s. to lower or abolish some of the tariffs. we will be looking at that as a follow-up from this meeting. the biggest issue is technology and access. you are familiar with china's dual circulation idea, which you can summarize as close off everything you can at home but open up where you must. china, certainly, has thrown the doors of its financial sector for legal and to foreigners and we have seen some key interest from wall street. but from the u.s. policymakers

xi jinping on the cusp of -- with a landmark resolution expected. the alibaba singles' day underway with subdued prospects. tencent crackdown harboring growth. shery: look at the nikkei, under a little pressure, mixed for the nikkei with tech and materials leading the declines. industrials and utilities higher, but not enough to put nikkei into positive territory. we just got the producer price numbers with data coming in above expectations of 8% growth year on year. not surprising given the commodity surge, weaker yen, in line with the global inflationary picture. we are watching the japanese yen, it is around a one month high. returning to our 114 range in the last few days. we are watching jgb after the rise in u.s. yields. we saw the superlong sectors bought in anticipation but there won't be increase in debt supply for the next year. we will be watching fiscal concerns in japan. we had seen already the worst day in a week. the korean yuan under pressure against the u.s. dollar. not surprising because we had dollar strength with treasury yields

todd: 16 after the hour, president biden holding a virtual meeting with chinese president xi on a lot of critical topics but the origins of covid 19 wasn't one of them. we have reaction from former state department spokesperson morgan ortagus next. carley: gas prices approaching $5 a gallon in some parts of the country is inflation grips americans. what is the white house doing about it? we will talk about that coming up. ♪♪ bogeys on your six, limu. they need customized car insurance from liberty mutual so they only pay for what they need. woooooooooooooo... we are not getting you a helicopter. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ is struggling to manage your type 2 diabetes knocking you out of your zone? lowering your a1c with once-weekly ozempic® can help you get back in it. oh, oh, oh, ozempic®! my zone... lowering my a1c, cv risk, and losing some weight... now, back to the game! ozempic® is proven to lower a1c. most people who took ozempic® reached an a1c under 7 and maintained it. and you may lose weight. adults lost on average up to 12

>> president xi is somebody he has spent time with. he has had face-to-face conversations with and because of that, the president feels that he's able to have candid discussions with president xi. >> reporter: and the white house says that president biden will be candid tonight in that conference about china's military buildup, along with human rights abuses and recent cyberattacks. there is also speculation that xi may invite biden to next year's beijing olympics. that's an invitation, nora, president biden may not be in the mood to accept right now. >> really interesting. nancy cortez, thank you. >>> all right. now, to this story. a 9-year-old boy who was trampled at that concert in houston earlier-this month has died from his injuries. ezra blount had been sitting on his father's shoulders, watching one of his favorite artists, travis scott, when fans rushed the stage and chaos erupted. his father struggled to breathe in the crush and blacked out. the boy was one of ten people killed in the tragedy. >>> all right. tonight, high dram

biden is calling a virtual summit including xi jinping next week. can we expect pledges like that in your view from the bidenadministration and its partners ? >> i don't think they would have agreed to do a summit without having the proposals so i'm sure there will be significant proposals for commitments forthcoming. and around the time of the un general assembly is the right time to do it. so i hope they do turn to that. the problem is unless it's a situation from the start where president biden took office the domestic challenges are still all-consuming. it can be easy to think of this problem as a foreign assistance development problem as opposed to an exit essential challenge. it's not a matter of being generous. it's really an additional front in that wider war on covid-19 and on the pandemic so it will be interesting to see what they come up with. it's not just biden. it really is also the eu, japan and many others that we all need to specifically obligate and in terms of the russian part this is one area where competition is positive but if

obviously they did not name this variant this because of xi jinping. >> right, definitely. who lost its credibility of unfortunately a lot of agencies have at the beginning of the pandemic because they whitewash things from china. it would be interesting if the word trump came up as far as the name if they would skip that name, but it's the biden administration. there's obviously something going on with china and the biden's whether they are being blackmailed or what, but it's a sad commentary that this entire virus, this entire pandemic has become political rather than the science as we really have spoken about , so no, they are tiptoeing around china for some reason and this is where the virus originated. maria: and you make a good point about the conflict of interest that is so obvious to all of us between the biden family and the communist party. new story this morning about hunter biden because of the new book from the "new york post" i have to ask you about the new variant, you are the head of the doctors caucus what are your thoughts? i spoke with a number of wall st

rishaad: xi jinping has not left the country in over two years. he is focused on looking after the people. common prosperity will feed into that good -- that. "bloomberg daybreak: asia." -- reporter: economist and markets are asking how sustainable is that? at what point can china shift gears on that. for the moment, they are doing ok china's markets are stable and growth is holding up. that might become a harder story to stick with next year. haslinda: expectations that covid restrictions will say until the end of 2022 good thank you. vonnie: pfizer's claim that the covid-19 bill reduces hospital cases and deaths has hit asian pharma companies. share of chinese vaccine maker at and other drugmakers slump in hong kong. in japan, they have developed a rivaled drug and have fell. far -- pfizer is the second one to announce a pill to treat covid-19. virus restrictions in australia's most popular estate will ease further for fully vaccinated people. booking limits will be listed as -- at hospitality venues. cinemas can operate at full capacity. they h

there's also speculation that xi may invite biden to next year's beijing olympics. that's an invitation, norah, president biden may not be in the mood to accept right now. >> o'donnell: really interesting. nancy cordes, thank you. all right, now to this story: a nine-year-old boy who was trampled at that concert in houston earlier this month has died from his injuries. ezra blount had been sitting one his father's shoulders watching one of his favorite artists, travis scott, when fans rushed the stage and chaos erupted. his father struggled to breathe in the crush and bed peoe killedthtr tonight, high drama aboard the international space station.ion. seven astronauts had seven astronauts had to scramble to their safety capsules after russia blew up one of its own satellites with an earth-based missile. it created a cloud of space junk that could potentially damage the space station. here's cbs' jonathan vigliotti. >> reporter: astronauts aboard the international space station were awakened overnight by nasa flight controllers in houston. >> reporter: the threat, a d

jinping has chinese counterpart xi jinping hasjust— chinese counterpart xi jinping hasjust concluded their chinese counterpart xi jinping has just concluded their most extensive talks since esther biden— extensive talks since esther biden became president. tensions over taiwan, trade, beijing's expanding nuclear arsenal and climate were among issues on the agenda of this virtual meeting. the uk terror threat level has been raised to severe after an explosion in liverpool on sunday. police have named the man who died when he set off a device in a taxi as 32 year old emad al swealmeen. four people arrested earlier have now been released. donald trump's former adviser, steve bannon, has appeared in court after turning himself in to the fbi. he's facing criminal charges after refusing to testify on a congressional inquiry into the january 6th capitol riot. now on bbc news, hardtalk�*s stephen sackur speaks to the former manchester united and france star, patrice evra. welcome to hardtalk from manchester. i'm stephen sackur. of all the football—mad cities in the world, few can compe

there's also speculation that xi may invite biden to next year's beijing olympics. that's an invitation, norah, president biden may not be in the mood to accept right now. >> o'donnell: really interesting, nancy cordes, thank you. all right, now to this story -- a nine-year-old boy who was trampled at that concert in houston earlier this month has died from his injuries. ezra blount had been sitting on his father's shoulders watching one of his favorite artists travis scott when fans rushed the stage and chaos erupted. his father struggled to breathe in the crush and blacked out. the boy was one of ten people killed in the tragedy. tonight, high drama aboard the international space station. seven astronauts had to scramble to their safety capsules after russia blew up one of its own satellites with an earth-based missile. it created a cloud of space junk d potentially damage the space station. here's cbs's jonathan vigliotti. >> station houston, 2-4, an early wakeup. >> reporter: astronauts aboard the international space station were awakened overnight by n.a.s.a. f

president xi didn't go — achievements. president xi didn't go to _ achievements. president xi didn't go to cop, _ achievements. president xi didn't go to cop, china - achievements. president xi l didn't go to cop, china didn't sign up to the pledge to shift away from coal. it's going carbon neutral by 2060, a decade behind most other countries. it didn't sign up to the big methane agreement early on in the summit. is it doing enough at home to limited zone emissions? the rest of us would say internationally know because china is now the world's largest emitter and by mid century, cumulatively will have more greenhouse gases in the atmosphere coming out of china and the united states, when you take the historical emissions into account but the bottom line is, the trendline in terms of chinese action is like this, i would prefer it was like that, but it is like this, and that is better than we have been before. 0n methane in particular, what i find significant is that china, having excluded its name from the international agreement, which was put forward at cop rece

that threat during president biden's meeting during xi jinping. the high-stakes meeting putting big focus on taiwan and the island nation at that china claims as part of his territory. it's a fight dating back generations and the u.s. has pledged to defend taiwan in the event of a chinese invasion just as the u.s. promised to support the ukraine from russia strikes. >> sandra: on multiple fronts raising the same question, i i will president biden responded to this? general keith kellogg is standing by. it would begin with fox team coverage at the 2:00 eastern time our and trey yingst on russia's latest move. >> john: but first jacqui heinrich. >> president biden has often boasted that he knows or spent more time talking to the world leader but with the white house is sort of tried to put down in a perception that he's gone too easy on his chinese counterpart because of their friendly relationship. there was some wonder from critics following president xi's mention of biden as an old friend, if she was trolling biden with that one yesterday. speak

anchor: president biden prepares foa virtual meeting with china's president xi as tensions between the countries grow. a new coronavirus lockdown in austria, but only for the unvaccinated as 2 million people are told to stay home. we will hear from our correspondent. plus, as concerns about climate change continue to grow, we report from denmark on how parts of the country are going green by harnessing the power of hydrogen. ♪ anchor: welcome to world news america. we begin tonight on the border between belarus and poland were several hundred migrants have walked from their makeshift camp to one of the main border crossing points to get into poland. belarusian police no attempt to stop the group, but they have did -- they were denied entry by polish forces. the eu a new round of sanctions against belarus. the country's president has been accused of orchestrating this migrant crisis as a way to destabilize the european union. steve rosenberg has traled to the border and met with the migrants trapped between the two nations. he sent this report. steve: in the migrant camp, word got out

his characterization of his relationships with xi jinping back in june. a . believe it or not reiterated by his press secretary earlier today. >> we know each other well. we are not old friends. it's pure business. >> the president told peter he does not consider president xi an old friend. how would you describe, how would you describe the relationship going into this meeting? >> i can confirm he still does not consider him an old friend. that remains consistent. >> good to see you, mr. president. it's the first time for us to meet virtually. although it's not as good as a face-to-face meeting, i'm very happy to see my old friend. >> very happy to see my old friend. in the meantime, the men pledged to increase communication and cooperation which as you can imagine is fairly boilerplate. however, given china's pressure on taiwan, its continued development in the south china sea, its tightening grip on hong kong and its lack of cooperation which of the origins of covid-19, it's still not clear what if anything the white house actually extracted from beijin

xi. �* ., president xi. and when you look at that and the _ president xi. and when you look at that and the broader, _ president xi. and when you look at that and the broader, geopolitical. that and the broader, geopolitical context. — that and the broader, geopolitical context, the tensions we have seen between _ context, the tensions we have seen between these are too big emitting a very powerful nations ended last year. _ very powerful nations ended last year. part— very powerful nations ended last year, part of the nuclear powered submarines of the pandemic and its origins. _ submarines of the pandemic and its origins. you — submarines of the pandemic and its origins, you have seen a lot of tension. — origins, you have seen a lot of tension, trade words, overthe years — tension, trade words, overthe years and _ tension, trade words, overthe years. and actually people to call climate _ years. and actually people to call climate is — years. and actually people to call climate is a bit of an oas

with xi reportedly saying that the u.s. backing taiwanese independence would be like, quote, playing with fire and whoever plays with fire will get burned. janice mackey fryer is on the ground in beijing. we also have former u.s. ambassador to russia, michael mcfaul. janice, what is the u.s./china relationship right now? and we have to remind our audience, xi jinping is fearless. he is going to be in power for the rest of his life. >> reporter: well, the u.s./china relationship is probably in a slightly better position tonight here in beijing than it was earlier, but we have to remember, that's coming off a very low and rocky point in history. there are these comparisons to the cold war, it's valid to an extent, but this is different, a senior white house official saying that this period really has no historical parallel. we also have to realize that xi jinping is coming into this with unprecedented power. just last week, rewriting chinese communist party history to be evaluated to this status of being the leader that's goi

yesterday, president xi jinping and president joe biden had a virtual meeting. they had an extensive exchange of views on the balance of relations. they reached important common understandings. china and the united states are respectively the world's biggest helping countries and biggest bill up countries. whether they can handle the relationship well depends on the future of the world. the two sides should add, and understandings reached between the two presidents. keep their focus on cooperation and manage and control differences. but to bring china u.s. relations back to the right track of sound and steady growth, and the global economic recovery. and world peace and stability. to conclude, i wish the forum success. >> please welcome to the stage -- haidi: the chinese vice president speaking at the opening of the bloomberg new economy forum. let's bring in our next guest, and advisor to the chinese government and a virtual delegate this year. great to have you with us and we appreciate your time. one thing that stood out to me was when the vice president talk

had xi and biden have their first face-to-face meeting. i believe there's a lot of optimism right now that maybe we're moving to an engagement first approach. but i think what this story underscores is that there's a bigger picture to look at. i think the u.s., chinese race for technological and political and economic supremacy will continue. but i think any opening up of the vice president or other officials talk about will be limited in scope and considered areas like the provision of technology to a pivotal industry and government sectors. i believe very much a china first policy. dani: that's bloomberg's edwin chan. to the u.s. where joe biden will announce his fed chair nominee in the next four days. but according to a person familiar, the u.s. president has not yet made a decision. let's bring in bloomberg's derrick wallbank. can we glean nailing from the timing that this is speeding up within four days -- glean anything from the timing that this is speeding up within four days what the fed composition will look like? >> i think the

how much better would the world be if xi said look, we looked at this, we made a mistake, inspectors verify it. let's work together to solve the problem. how different would the trust and the relationship be just by dealing with that? they can't do that. they can't face the truth of the fact that they made a significant mistake. so we have to deal with them in terms of who they really are. not who they want -- who we want them to be. and this is who they are. they are liars and cheats and putting u.s. interests, the american people's security at risk and those of our allies. we've got to make certain that they understand we're not going to stand for it. >> martha: we've seen in past history what happens when you sit back, dealing with somebody who is very aggressive and i hope that's not what happens again. general, thank you very much. good to see you today. >> you're welcome, martha. >> martha: the loudoun county gym teacher that renewed to surrender his faith to the school's transgender policy. a story that you'll only see here is next. >> your treatment of tanner cross is a loser

joe biden and kamala harris are two completely to china, so you know you ask will biden stand up to xi jinping and bring up and press china's-- the covid pandemic, the wuhan virus in the wuhan lab from which the buyer is very likely escaped, i think the chances of that are almost zero because his pattern with almost every enemy on earth whether it's russia, north korea, iran, the taliban or whether china, joe biden's pattern is just like jimmy carter's, its weakness, appeasement and he thinks if you gravel and give them everything they want they will go away and be nice. he doesn't understand that makes tyrants a more aggressive and one of the challenges is that the democratic party today is a structurally pro- china. they are major supporters, big business, big tech, big hollywood, big universities are all in bed with china and that's why joe biden and kamala harris-- maria: thank you so much, maria: thank you so much, senator ted cruz maria: thank you so much, senator ted cruz maria: thank you so much, senator ted cruz maria: thank you so much, senator ted cruz kevin! kevin? kevin. o

now, only for the third time, xi jinping. so this would, of course, mean in the future any suggestion against his policy or himself will be considered party heresy. so really, rosemary, paving the way for him to seek an almost unprecedented third term as the party's supreme leader next year. and allowing him to dominate not just politics here, but also the world stage for the foreseeable future, if not for the rest of his life. rosemary. >> all right. steven jiang bringing us that live update. appreciate it. >>> well, iraq's prime minister is vowing to pursue his would-be killers after surviving an assassination attempt on sunday. mustafa al couldkadhimi convene extraordinary cabinet meeting follow the botched hit job in the green zone. so far, there's been no claim of responsibility for that attack, which reportedly involved two drones armed with explosives. mr. kadhimi wasn't hurt but several members of his security detail were. >>> a top african union representative traveled to the capital of ethiopia's tigray region on su

president xi wants to keep his people happy. president biden wants to keep his people happy so you have to do just what it takes to keep your people happy. and in this case, we, americans, want jobs, better jobs than we have. infrastructure bill will help that. but also, we need to show that we are standing up to china. and that means that president biden's got to do all the things that indicate that he is doing that. however, having said that, there's been much -- too much public criticism of china by the united states in the executive branch and by congress today. that just hardens the hardliners in china. that shows that hardliners, hey, we can't trust america. forget america. we're going to move toward more decoupling. >> that's very interesting. interesting take on it, as they have of spoken more. ambassador, appreciate your time. thank you so much. and of course, we are going to play for you the play back of that as soon as it happens. >>> next, though, incredible story more than 500 people stung by deadly fat-tail scorpio

xi jinping himself said, show no mercy. i hope the world, this administration, and musicians all over the world, the free world, relies the mantras -- realize the monstrous acts being committed as we meet. pastor chen might want to speak to it. how do we get into some semblance of religious freedom that is protected? it is the worse it has been since mao zedong. at least according to many of my people who provide information to us. finally, if you could also speak to facebook and twitter. i will never forget when my very modest number of twitter followers exploded from a thousand to 26,000 when the hong kong human rights democracy act passed. now i am concerned that many of those people who wrote glowingly of congress passing out legislation, it was my bill that passed in the house, that that becomes part of the trail of evidence that is used against them. what is happening with facebook and twitter, and if you could -- i was president biden sitting here, what would you say to him? we know he has had conversations with xi j

president xi jinping is set to tighten his power. the party is expected to adopt a document that will likely place him on the same level. steven jung joins us now. tell us how significant that is in china. >> reporter: rosemary, president xi jinping's real power derives from the top position within the chinese communist party. that's why we're watching this conclave of people, mostly old men because of the top down power structure in this one party power system. this is the world's biggest ruling party with over 95 million members but what really matters here is the central committee. that's what's meeting here behind closed doors. when you go up from there, the numbers quickly become even much smaller culminating in the seven person politburo committee. it's the country's top decision making body and that's been dominated by one man, xi jinping. this is happening at a time when xi jinping continues to reassert a party's dominance in every aspect of chinese society, not just politics including foreign policy and military, but also th

china's president xi is not here, but one of the most powerful people you've never heard of is in his place, china's climate negotiator. >> my discussions with john kerry were highly constructive. we found there were still huge gaps. he criticized laura: countries with more cash on not helping those. >> i am cautiously optimistic in the sense that all meay to the g20 in rome, i said to some of you on the plane, if this was a football match, the current score would be 5-1 down in the match between humanity and climate change. i think what you could say today after two days of talks with around 120 world leaders is that we've pulled back a goal or perhaps even two. i think we are going to be able to take this thing to extra time. >> what or who is going to score the extra two or three goals? >> one thing that starts to give me optimism is that we are starting to create, for the countries that find it most difficult, to transition away from fossil fuels. we are starting to create those coalitions of support to help them to move on. laura: the first 48 hours have been frantic, and today,

with his pandemic outlook and the latest on the company's covid-19 treatment pill chinese president xi is tightening his controls the country celebrates the communist party's 100 anniversary. do investors need a new playbook? we begin of the three most important things investors ought to be thinking about right now. it is a tale of two markets as the dow is down and bonds disagree but spending stores and we will sort it out after a big run on gasoline prices are sliding is that a new trend or just a breather the president asked the ftc to investigate oil and gas companies speculators are trading options. what this means for your portfolio. so here is the tale of two markets, you are seeing contradictions tell us about some of these. >> you mentioned inflation and that is the conversation of today. we have this what we've seen in decades but how much will stick? if you look at the bond market they are still below where they were at the beginning of last year before the pandemic lockdown so the institutional bond says i'm not that worried about inflation —- inflation sticking but if yo

joe biden and kamala harris are two completely to china, so you know you ask will biden stand up to xi jinping and bring up and press china's-- the covid pandemic, the wuhan virus in the wuhan lab from which the buyer is very likely escaped, i think the chances of that are almost zero because his pattern with almost every enemy on earth whether it's russia, north korea, iran, the taliban or whether china, joe biden's pattern is just like jimmy carter's, its weakness, appeasement and he thinks if you gravel and give them everything they want they will go away and be nice. he doesn't understand that makes tyrants a more aggressive and one of the challenges is that the democratic party today is a structurally pro- china. they are major supporters, big business, big tech, big hollywood, big universities are all in bed with china and that's why joe biden and kamala harris-- maria: thank you so much, senator ted cruz, we will see you soon and be right back. hello, for the last few years, i've been a little obsessed with chasing the big idaho potato truck. but it's not like that's my only int

president biden and president xi set to meet virtually. wael hear from a former national sec security about what to expect. we'll be right back. so, you want evs, you have come to the right place. is that tom brady? yeah. he comes in to recharge, get software updates. you know. let's go! what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. >>> welcome back to "squawk box. it is a monday morning dow future up by 112 points, nasdaq by 31 and s&p by 10. still, we were talking about this earlier this morning. all of these are pretty close to striking distance of new highs too. take a look at what happened overnight in asia. green arrows for the nikkei, hang seng as well. look at what

xi, said nope. not interested in that. when you look at -- and we discussed on this program where exactly did covid get started it sure looks like it all started in china. brian: do you think so? steve: they have clammed up on it. when joe biden is running for president about a year and a half ago, he was saying look, you need me tore commander-in-chief, because i have dealt with president xi for years and he is talking about when he was vice president. brian: they played basketball together. steve: we have got a good relationship. i will get stuff done. and that's why it's crazy that he has not yet asked about covid, which has killed millions of people around the world. we have put together a little montage of where the white house is asked about that special relationship. and when is he going to ask about covid? watch this. >> china is going to eat our lunch? come on, man. >> we don't get moving, they are going to eat our lunch. >> have you had chance to speak to any of your international partners, president xi who i kno

that's how the white house describes the meeting with joe biden and xi jinping. no breakthroughs announced but that might count as progress considering how strained the relationship has become between the u.s. and china. the talks ramped up with at least one clear warning from the chinese president that when it comes to taiwan and any u.s. intervention, that's, quote, like playing with fire. whoever plays with fire will get burnt. jeremy diamond is at the white house joining us at this hour. what are you hearing about that from the white house today? >> reporter: well, kate, no response from the white house tho to those comments from the chinese ministry of foreign affairs but senior officials saying they believe there was a healthy debate based on this long-standing relationship that president biden and xi jinping have had over more than a decade going back to president biden's time as vice president under president obama. we know that they discussed issues of disagreement such as trade issues, for example, human rights concerns that president biden raised as it

xi jinping is the strongest chinese leader we have had now since mao zedong. emily -- emily: how important is to keep the peace right now? and in six weeks to the holidays? >> absolutely. there is a bifurcation going on in the tech world and supply chains. china is looking a little more inward, trying to be more self-sufficient from chips to other high-tech products. they are looking at the domestic economy, but the united states needs those imports from china and taiwan as well where the supply chain is crimped. an interesting story on the terminal this morning, i do not have time to get into it, but this lengthy piece, i encourage viewers to read it, this new division in china, it is basically government-backed and solely for the purpose of identifying suppliers in china who can supply chin's high-tech -- china's high-tech ambitions. they will be venting and adding input from the government's perspective about products that need to be made in china by chinese company -- companies so there is less reliance on u.s. suppliers emily: check that out -- u.s. suppl

president biden and president xi is expected to take place on monday. what do we expect the two leaders to discuss? >> i talked to a lot of sources who are closely connected to the planning of this virtual meeting and it's billed just as that. a meeting. not such a summit that would last multiple days. this is going to be a one-day thing and really the focus is going to be first and foremost, lower the temperature. we've seen rising tensions between these two countries. certainly with with china sea. there are daily incursions with chinese fighters and bombers going over into the identification zone. china says that's part of their sovereign territory. of course, the u.s. trying to maintain the self-governing island and its democracy and sustain that for years to come. it's a lot of back and forth that will likely come up in this meeting. however, human rights is going to be huge as well. one thing we are hearing though is perhaps, this according to some reports, there will be an invitation from xi to biden to attend the beijing olympics. of course that

joe biden and kamala harris are two completely to china, so you know you ask will biden stand up to xi jinping and bring up and press china's-- the covid pandemic, the wuhan virus in the wuhan lab from which the buyer is very likely escaped, i think the chances of that are almost zero because his pattern with almost every enemy on earth whether it's russia, north korea, iran, the taliban or whether china, joe biden's pattern is just like jimmy carter's, its weakness, appeasement and he thinks if you gravel and give them everything they want they will go away and be nice. he doesn't understand that makes tyrants a more aggressive and one of the challenges is that the democratic party today is a structurally pro- china. they are major supporters, big business, big tech, big hollywood, big universities are all in bed with china and that's why joe biden and kamala harris-- maria: thank you so much, maria: thank you so much, senator ted cruz i don't just play someone brainy on tv - i'm an actual neuroscientist. and i love the science behind neuriva plus. unlike ordinary memory supplements,