sea and the south china sea. [speaking in native tongue] these are challenges that are beyond the ability for any power to address and nor can they be surmounted by national interest in mind. [speaking in native tongue] in these challenges compelled nations to form collaborative mechanisms that are based upon international law and designed in such a way that ensures the balance of interest among parties and help shape and open regional architecture involving all nations, big and small, within and outside the region. and abiding by the peoples of peace, stability, equality and cooperation, in line with the shared goals of prosperity and development in this region. [speaking in native tongue] when you have to indeed asia-pacific is growing to become the new center of power, crucial in the formation of a new world order. as senator john mccain said when he spoke here at the heritage foundation, quote that states recognizes that much of the history of the 21st century will be written in the asian pacific region and t

neighbors in the east china sea and south china sea. they attempt to use the threat of military force to address territorial and regional disputes. as you and i discussed when we sat together recently in my office, i am deeply concerned about the deterioration of human rights in china and the environment for civil societies, independent voices in the country. when i joined the senate foreign relations committee on east asia president xi jinping became the president of china. at that time many of us hope that china would be on the verge of a more progressive or reformed era. that along with growing interaction with the outside world and the significant economic development of human rights would indeed improve. yet, the opposite has proven true. president xi jinping has adopted a slew of laws that violate the most basic of human rights of the chinese people. that presents challenges to you as interests and values as well. the community of civil activists in china thrive in the 1990s and 2000 partly as a result of the us engagement both di

policy with china. i'm also interested in your thoughts as to what we may see by way of cooperation with china on north korea going forward. i understand that what the president has asked of china, but i remain concerned that we've seen this movie before and we really haven't seen any change in china's position as it relates to north korea. many of us are concerned that they'll only go so far, but they're concerned about the stability of the current regime will prevent them from take the necessary steps that change the equation for north korea. we welcome your thoughts on that matter. so let me lastly mention one additional issue. you will take, if confirmed, the oath of office to project and defend the constitution of the united states. before president trump took the oath of office, many of us urged him to take steps to avoid a constitutional conflict with the emolument clause, and he's the 07b8 president that has not divested or set up blind trusts for his financial institutions. that is not your doi

in china. i would like to hear how would you use your important long and trusting friendship with president xi and what i expect will be your growing knowledge of china as you visit every province to really make intellectual property and stopping the theft of me,'s inventions a key priority in your role as governor if confirmed. >> well, senator coons, the incident that i was mentioning a few minutes ago actually involved dupont pioneer. as you know, we share dupont pioneer. they've been a wonderful american company and we think it's critically important that the rights and i'm aware of the fact that they're doing some important business in china. we also have the world food prize in iowa, and one of the recipients of the world food prize is the chinese gentleman that was involved in rice. and there's opportunity for dupont pioneer and they're also going through a potential mesrgr right now, there's opportunities for them to work together for the benefit of not only these great american compani

shanghai is an economic giant within china. the average life span here has exceeded 83 years, the longest among all chinese cities. the reason for this is the high standard of living and the nation's top notch few dong university shanghai cancer center is china's oldest hospital specializing in cancer treatment. more than 1 million patients visit this hospital every year from all over china. in order to treat all of them, the hospital has set up 26 departments. among more than 500 specialists, physicians with good reputations get flooded with many patients come here in hopes of getting china's latest treatments but some have little chance of recovery had they're cancer has worsened. this integrated therapy department was established for such seriously ill patients. it's where china's first palliative treatment was introduced in 2016. palliative treatment seeks to relief pain and temporarily improve conditions rather than treat the disease itself. it prioritizes quality of life by providing painkillers and removing acidic flu wi

while you look at the situation of china, and the island in south china sea, fighter seem. further they adjust in training or diplomacy. they say aircraft will not be used but military aircraft exist there that is the fact. and therefore as time passes, strategy balance weigh more heavily to china. and therefore, this not a deal in it should be taken care for the best to great interest. >> stage here and then in the front row we have best and brightest of japan's national security thinkers.ve the and the reality is we could probably get more and more members to fill the rows who would agree with what you're saying. members i think there is a pretty strong consensus among political elites about japan's strategy going forward and people can tell me i'm wrong later but i would argue among american treaty allies there's more consensus in japan than there is anywhere particularly in europe and include europe and australia. and that's all quite impressive. at the same time, the national security legislation was a hard, hard legislative fight. and almost half of japanese opposed i

china and for japan the east china sea is important in the territory. therefore from the japanese defensive posture we do have to predict and south china sea the coral reef that cannot be tolerated in that is the place where the japan uses the ceiling . they have facilities built their safety and japan should collaborate with the rest of the world so that japan should commence china to follow the world by the international community. the difference between north korea and china that china is able to consult diplomatically. north korea diplomacy it cannot work. therefore, the thing facing us as north korea should be currently china is using the lateral approach trying to change the south china sea. japan and russia used to have a good relation and when i was the defense minister, it was first carried out very good relationship but at that point russia trade out being electoral the change of status in ukraine in the ukraine from japan but we should not tolerate the coercive that change of status and therefore together with united states japan carried out

protect the south china sea. the reclamation of the coral reef cannot be tolerated and that is the place where -- there may increase japanese safety and japan to collaborate with the rest of the world so that japan could convince china to follow the rules set by the international community. the difference between north korea and china is that china is able to consult diplomatically. in north korea, the policy cannot work, and therefore, the crisis facing us is north korea should be at the top of the list, the top of the ranking but currently, china using the lateral approach in trying to tame -- change the south china sea. japan and russia used to have very good relations. -- the ukraine is a distant place from japan, but we should not tolerate the coercive change therefore and together with the united states, japan carried out the sanctions and japan and russia, the relations have been somewhat strained, but if the change of status by force, i think that is a universal principle, so anything which is contrary to

there's been a lot of dialogue areas underway the last several years with china. we have asked china to narrow and elevate to the decision-making level and we have asked them to bring people that report directly to the decision-maker so for the first time, so far it appears we will get people at the public bureau level to participate so that we can refrain in the deal with some of the problems that have been sitting out there kind of stuck in natural for a while. so, it is a much narrower as we make progress those things will be sold in working groups where we can get after solving these things. so we will have a first meeting of the diplomatic security dialogue which is chaired by myself and the secretary with our counterparts here in washington and we have put about as kind of a top priority. the second one is economic trade which is chaired by the secretary and it is well underway as well so that is kind of the new approach we are taking is to elevate and what kind of revisit this relationship. i think it is a tremendous opportunity that we have to define that

she flies all over china for work. but she says she hasn't returned to her hometown in several years because her relatives always try to set her up on arranged marriages. she has no interest in men living in rural [ speaking foreign language ] >> the harder she works, the more responsibility she gets giving her less time to rest. she often simply shiples between her home and office. she never thought she'd come to be called a [ speaking foreign language ] [ speaking foreign language ] [ speaking foreign language ] >> he was the only person she has ever been engaged to. after the breakup, cheng changed jobs hoping to start everything over from scratch. at the squugs suggestion of a friend, she launched a club that helps men and women meet potential life partners. the conditions for registering as a member, to be between age dollars 28 to 38 and a college graduate. for those among the 70 or so members who can attend, she organizes parties several times a [ speaking foreign language ] >> the participants are graduates of

china should properly take actions. china should understand. between the united states and understand the fact that there were talks on this regard. >> china seems to be more aggressive with south korea recently in the response to the deployment of the missiles. china deployed economic south korea,inst they seem more aggressive with south korea than they do with north korea. is this china moving in the right direction there? or are they still trying to keep a relationship with pyongyang in a way to not put much pressure on them? road form one was organized on the day the missile was launched. that china do not like that north korea chose that date. how china would receive the message of north korea, that would be the point. north korea has been provocative. the provocative behavior is what we have to stop. that, japann for with strongly appeal to china. relationship last year at the g 20 meeting, i did have a summit meeting with the chinese president. this year is the anniversary of our friendship treaty with china. the presidents have agreed.

china. unspoiled valleys in neighboring sicichuan show us how it might o once have looked. it's the sort of natural abundance that is necessary to support an emerging civilization. how could a landscape with such potentialal have been reduced to t this? when chinese scientists and civil engineers began to survey the area, they realized that several thousand yearars of agricultural exploitation had denuded the hills and valleys of vegetation. the relentless grazing of domestic animals on the slopes meant that there was no chance for young trees and shrubs to grow. the rainfall no longer seeped ininto the earth, but simply washed down the hillsides, taking the soil with it. over millenninia, this prprogressively destroyed the region's s fertility. when this happens over an area as extensive as the plateau, millions of tons of silt are swept down into the yellllow river, which gets its namame from the color of the fine loess soil. the mounting quantities of silt clog up the river, impeding its

is $45 trillion wealthier man china. -- than china. that includes national debt, the famous $20 trillion national debt. china has a lot of it too. we subject -- subtract that from the balance sheet. and the u.s. is $45 trillion wealthier than china. the federal reserve and credits, the u.s. household wealth totaling about $82 trillion. china is about $62 trillion. and the gap in national wealth is growing, not shrinking. merica is becoming wealthier while china stagnates. i would argue that this is a more relevant metric to size of the national economies than gdp, while china stagnates. i would which is not only looking at arbitrary metric spending, but we are also taking the chinese gdp numbers -- which all chinese officials know is absurd. the officials do not ven believe their own numbers. it is true. the last head of the bureau was on trial for corruption. part of the reason is chinese statistics are done at the local level. imagine if all 50 states in america each had their own fiscal bureau. imagine if there was one party rule, a

in china. i would like to hear how would you use your important long and trusting friendship with president xi and what i expect will be your growing knowledge of china as you visit every province to really make intellectual property and stopping the theft of me,'s inventions a key priority in your role as governor if confirmed. >> well, senator coons, the incident that i was mentioning a few minutes ago actually involved dupont pioneer. as you know, we share dupont pioneer. they've been a wonderful american company and we think it's critically important that the rights and i'm aware of the fact that they're doing some important business in china. we also have the world food prize in iowa, and one of the recipients of the world food prize is the chinese gentleman that was involved in rice. and there's opportunity for dupont pioneer and they're also going through a potential merger right now, there's opportunities for them to work together for the benefit of not only these great american compani

which is a russia/china question. and that all our missile defense systems should be tested and demonstrated work effectively before they're deployed. and that goes to the russia/china issue, which i think is what jim was getting at. if we say we're going to design a system specifically to try to intercept their strategic missile systems, it's relatively easy for them to increase their capacity, their systems their capacity, their systems, over we will am, et cetera. so i wanted to try to pin you down on that. >> so what i would say is -- i'm going to quote back another one of your colleagues, rose goj miller who said in 2014 that even at 44 we are 24 less than the number of interceptors moscow deemploys today. and we didn't sit around looking at the strategic ability that they have today on us. and the reason i pull out that quotesy think we're just so far away from that in terms of number as much as anything. and so while i think that the systems that we are advancing today, sms, as well as gd, continue to blur the

growth, china and the debt bubble. every client survey we do and every conversation i have from dubai to hong kong to london or zÜrich is the geopolitical risks . at the same time, you see opportunities because it seems like there is another leg to .row in dm and em you see people not wearing about the fed, about economics and a whirring about geopolitics. do politicians mess things up because of way word policy choices, protectionism, or populism, or do you see geopolitical issues around syria and north korea? it is an interesting shift, and that is where we have to keep an eye out. rishaad: you don't mess in emerging markets without knowing about that risk, and that risk is why you have a discount in the first place. it is a no-brainer at the end of the day. there is always that worry. emerging markets has always been a story of china and how is the u.s. doing. there is a trickled through of how the performance goes come up but now the question on geopolitical -- goes, but now, questions on geopolitical risks, speci

china. unspoiled valleys in neighboring s sichuan show us how it mightht once have looked. it's the sort of natural abundance that is necessary to support an emerging civilization. how could a landscape with such potentitial have been reduced toto this? when chinese scientists and civil engineers began to survey the area, they realized that several thousand yeyears of agricultural exploitation had denuded the hills and valleys of vegetation. the relentless grazing of domestic animals on the slopes meant that there was no chance for young trees and shrubs to grow. the rainfall no longer seeped d into the earth, but simply washed down the hillsides, taking the soil with it. over millenennia, this s progressively destroyedd the region's fertility. when this happens over an area as extensive as the plateau, millions of tons of silt are swept down into the yeyellow river, which gets its n name from the color of the fine loess soil. the mounting quantities of silt clog up the river, impeding its f

the south china sea. meanwhile, with a rebalanced policy, too heavy on rhetoric and too light on action, years of senseless defense cuts and now the disastrous decision to withdraw from the trans-pacific partnership, u.s. policy has failed to adapt to the scale and velocity of china's challenge. that failure as called into question the credibility of america's security commitments in the region. this committee has grown increasingly concerned about the erosion of america's conventional military overmatch as states like china and north korea develop advanced capabilities to counter our ability to project military power. while america's military remains the most powerful on earth, we must adapt to the new realities we face. we must think differently about forward basing and posture, logistics and modernization and our joint force for the renewed reality of greater power competition. specifically on the issue of munitions, this committee has heard testimony each year about the qualitative and quantitative sh

could have been china. could have been a lot of groups. >> reporter: offering no evidence to discount the conclusion of the fbi director and 16 other intelligence agencies. president trump marking his 100th day in office over the weekend with a campaign rally with attacks on his favorite foe. >> i think we would all agree the media deserves a very, very big fat failing grade. >> reporter: the focus here at the white house now turning to the president's next 100 days. the other agenda items that haven't been finished, tax cuts and tax reform. he is getting ready for the first overseas trip in a few weeks. the whole world right now watching to see how the president will handle everything from the crisis on the korean peninsula to the paris climate accord. >> joe, thank you very much. we have a lot to discuss. we have cnn political analyst david gregory and maggie haberman and zalena zito. let's jacque about this. here is what is in. $15 billion for defense. $1.5 billion for border security, but not the wall.

policy with china. i'm also interested in your thoughts as to what we may see by way of cooperation on north korea going forward. i understand that what the presidents ask of china but i remain concerned we have seen this movie before and we really haven't seen any change in china's position as it relates the north korea. many of us are concerned they will only go so far. they are concerned about the stability of the current regime will prevent them from taking the necessary steps that changed the equation for north korea. we welcome your thoughts on that matter. let me ask one additional issue. you will defend the constitution of the united states. before president trump took the oath of office many of us urged him to take steps to avoid constitutional conflict. he is the only president that has not set up blind trust for his financial institutions. that is not your doing. your doing is to represent our country if confirmed in china and must take steps to make sure that our constitution is not violated

so in the way that china response expectations of the global community, we would also like to urge china to move that direction. >> and finally, prime minister, a new president has taken office in south korea just last week. he favors not only a more conciliatory relationship with north korea than his predecessor, but has taken a tougher line with japan over the issue of the comfort women. he said during the campaign he rejects the agreement you signed with president park a couple of years ago. i think you had a conversation with president moon last week and i'm sure this issue came up. are you prepared -- is japan prepared to do more on this issue given the importance to you and to korea and to the united states of a healthy, productive relationship between japan and south korea? is japan prepared to make more concessions and to acknowledge more responsibility for comfort women in the way that president moon would like? is that a basis for a deal you can get again? prime minister abe: the other day with the new president moon, we had a telephone conversation about we would like to furth

south korea, china wants to see a change. by doing these actions, they want the parties to come together. all the interested parties to come together and discuss a resolution and because we decided not to discuss the dialogue multilaterally, china is frustrated and they are unable to bring the resolution. she had refused to talk with china on the issues including security issues and i think that it's important whenever we take measures that we don't do on our own but actually as a result of discussing things with other neighbors. >> they need to improve the relationship with china and this provides the opportunity for a new start. but i think the way they should proceed on that is to focus bilaterally on establishing good communication and collaboration rather than necessarily allowing themselves to be drawn into this geostrategic interplay especially as it's related to ie issue that crosses all these lines because i don't think that that is going to be profitable for south korea precisely because actually it exaggerates the

be the big story yet of modern china. ♪ at a crossroads, with a growth -- stephen: china's march to becoming the world's second-biggest

china has played into it. we have serious issues with china. from their currency manipulation to trade cheating that hurts america's steel industry to their dismal record, dismal documented record on human rights and religious freedom. all those fronts, we need to take a firm line with -- take a firm position with china. we need an ambassador who will advocate for american workers, for americanbitions, and, yes, for american values. i don't believe governor branstad will be that ambassador. when it comes to putting american workers first, governor branstad's record frankly is appalling. how can he advocate for america's workers and for expanding the rights of working people around the world when he fought against them at home in their home state of iowa. as governor, terry branstad waged war on collective bargaining rights. he recently signed legislation that takes away the right of public employees to bargain for fair wages and for health care rights they've been guaranteed for 45 years, rights that were enshrined by a law signed by a former r

s economic dependence on china. the two allies should think seriously about new bilateral energy partnerships that could reduce south korean energy dependence on china in the middle east. washington washington and seoul's policy offices can work together to map out a strategy for engaging india, as well as asian countries. the chinese have proven with their coercion over the thaad issue that south korea's future welfare cannot be left in chinese' hands. finally, the united states should encourage new government to tack a stronger stand in supporting blackgoods off the peninsula in neighboring waters. in particular as part of a new engagement strategy, the u.s. with the support, south korea could show willingness to -- this would win partners among countries and be a distinctly positive platform for the united states and its regions. >> before we go to you, we have a quorum. i ask the economy to consider the list of 5,550 military nominations. is there a second? all in favor say aye. the motion carries. dr. freedberg

em, we by china. jonathan: china has not rolled over em. why? oksana: it is going to take some time. jonathan: greg, help me out here, why? greg: em at the end of the day is still a higher yield asset class. i think until you see things -- something fundamentally change in that space, you are going to continue to see investors flocking after higher-yielding products and that is driving some of the flows we see into the em complex. oksana: here is an interesting point, too, there is certainly a global surge for yield and it seems to be a huge benefit for em. yet we have another asset class, high yield bonds, which are not getting the love em is getting, even though there are pockets of that market offering significantly better compensation even on a default adjusted basis and anything around default and restructuring is a very well-delineated process where you know exactly what to expect. jonathan: where in high-yield would you be buying right now? oksana: to echo earlier comments, it is hard to argue for bargains within this market. within high-

baker: do you think china will? china seemed to have been more aggressive with south korea recently in its response to the aadployment of the th missile system. seems to be more aggressive at south korea than it has been with north korea. you talked about the limitation of coal but do you -- is china moving in the right direction there or does it seem to be still wanting to keep that close relationship with pyongyang in a way that is not putting much pressure on them? pm abe: translator: for china, the one belt, one road, the extremely important forum was organized during the weekend. on that day, the missile was launched. were deeply chinese perplexed that north korea chose that date, how china would receive the message of north the point. would be so north korea is provocative behavior. for that, japan will strongly appeal to china. this is the time we need united solidarity and action. as for in terms of sino-japan relationship, last year at the g 20 meeting, i did have a summit meeting with president xi jinping.

even if china had more pressure. once china stopped providing oil to north korea, however, that triggered a six-party talk. however, even though north korea did not receive oil from china, it's possible it could get oil from russia. about the me worry impact of the sanction to be imposed by china. o the question here is how the trump administration would deal with this. >> the missile to syria and in afghanistan, another bomb was used. d the korea was -- was deployed in japan. ven with that if they continue nuclear missile development, what would be the next step for the trump administration, if they try to be patient like the previous administration or if north korea does not respond, further steps will be taken by the trump administration, so their approach -- japan needs to pay a lot of attention to the next step of the trump administration. japan's alliance from bilateral to multilateral, that is for is h korea, the -- this very important. east asia defense minister's meeting is held regularly. this is important

perhaps we are starting to in china little bit, but i think generally the expectation is that china will be dormant until the national conference in the fall. greg: we think the fundamentals in em still look pretty attractive. when you look at valuations, though, we are not from a place where we feel like em with the place to be relative to the broader market. from a fundamental standpoint, we think em could continue to hold in for some time at least given what we are seeing. oksana: since i seem to be the contrarian here today, em is at its tightest five-year level right now. and about maybe 100 basis points wider than the all-time high. this is hardly a valuation. i am not saying there are no pockets in em that may look good because fundamentals very, -- vary, but i think the exception would be the overwhelming sort of euphoric inflows and i question how much do the investors understand what they are buying and ultimately when we buy, we buy china. jonathan: china has t lled over em. why? oksana: it is going to take some time. jonathan: greg, help me out here, why? greg: em at the end

aligned with china or want to improve relations with china, if china is even doing it then i think the problems will continue. >> yeah, beijing economic repression and retaliation that they are carrying out, it is actually not just hurting the koreans, it also hurts the people in china. why does china keep on doing this when it hurts them as well? so china wants something from us and by pressuring south korea china wants to see a change not just in korea but the u.s. and japan as well as north korea. by doing all of these they want the parties to come together. all of the interested parties to come together and discuss a resolution and because we have decided not to discuss or come to dialogues and china is frustrated because they are unable to bring any resolution. so that -- in that regard i blame her. she refused to talk with china on these various issues including security issues. i think it's important that when ever we take measures that we don't do it on our own but actually as a result of having discussed what this is with other neighbors. >> i think they should focus rather th

this. >> do you think china will? china was more aggressive with south korea recently in its response to the deployment of the thaad missiles. seems to be more aggressive at south korea than it has been with north korea. you talked about the limitation of coal but do you -- is china moving in the right direction there or does it seem to be still wanting to keep that close relationship with pyongyang in a way that is not putting much pressure on them? >> translator: for china, the one belt, one road, the extremely important forum was organized during the weekend. on that day, the missile was launched i'm sure the chinese deeply perplexed that north korea chose that date, china would receive the message of north korea that would be the point. so north korea is provocative behavior. for that, japan will strongly appeal to china. as for in terms of sino-japan relationship, during the apec i had a meeting with president xi. this is the 45th anniversary of normalization of diplomatic relationship. and president xi and we ha

why are you so successful in china? do you manufacture cars there? mary: yes, but i think is back to the buick brand. in is a strong brand. it had a rich history in china of driving some of the chinese officials around back in the 1920's and 1930's. so great brand. we have also been able to grow the chevrolet brand, and the cadillac. the cadillac is one of fastest-growing luxury brands. we build many of the products in country there. david: you used to have pontiac , which is gone away, owes mobile, and i have chevrolet cadillac, buick and gmc. , are those the main ones in the united states? mary: yes. david: of those, cadillac, for example, that is your premium. right? it also makes the presidential limousine, which is like bombproof or something. have you ever been in that car to see what it's like? or you cannot comment? mary: i can't comment. [laughter] david: i guess the average person cannot afford to buy some thing like that probably? probably not. [laughter] david: you joined general motors in it was a dominant company, then he went south for

which is a russia-china question. and that all our missile defense systems should be tested and demonstrated to work effectively before they're deployed. right. and in a glothat goes to the russia-china issue, which i think what jim was getting at is if we say we're going to design a system specifically to try to intercept their strategic missile systems, it's relatively easy for them to increase their capacity, their systems over whem, etc. up want to try to pin you down on that. >> yeah. so what i would say -- i'm going to pull back another one of your colleagues, rose said even at # 4, we are 24 less than the number of interceptors that moscow deemploys today. we don't agonize over what they have on us. by the way, they're pretty up front about that. i think we're so far away from that in terms of number as much as anything, so while i think that the systems that we are advancing today, sms as well as gnb, are continuing to blur the line between national and regional, as it better. i think that we're just so far fr

perhaps we are starting to in china little bit, but i think generally the expectation is that china will be dormant until the conference in the fall. greg: we think the fundamentals in em still look pretty attractive. when you look at valuations, though, we are not from a place where we fl like em with the the place to be relative to the broader market. from a fundamental standpoint, we think em could continue to hold in for some time at least given what we are seeing. oksana: since i seem to be the contrarian here today, em is at its tightest five-year level right now. and maybe 100 basis points wider than the all-time high. this is hardly a valuation. i am not saying there are no pockets in em that may look good but i think the exception would be the overwhelming sort of euphoric inflows and i question how much do the investors understand what they are buying and ultimately when we buy , we buy china. jonathan: china has not rolled over em. why? oksana: it is going to take some time. jonathan: greg, help me out here, why? greg: em at the end of the day is still a higher asset class. i

also i'm convinced we've got to push back on china's militaryism in the south china sea, the east china sea, and take a comprehensive approach to dealing with china. what they have successfully accomplished inside the country and outside the country is they want to have economic relationships but accept us politically in all the challenges we cause politically. that's what goes on inside the country and goes on outside country geopolitically, and we have got to push back on them comprehensively. lou: as we look at their economy slowing, their debt rising and production capacity obviously has been built up to a point that's unsustainable now with those economic challenges china becomes more likely to be destabilized or adventurous or both. general jack keane, as always, great to have you with us. >> good talking with you, lou. lou: we're coming right back. much more straight ahead. much, much more. stay with us. as north korea's threats against the united state escalate, the pentagon today carried out a successful interception of an icbm missile. >> the bottom line is it would be a catas

china. -- from china. the chinese used lethal force. they patrolled. they had double fencing and dogs. you could take somebody $1000 and they could get you in. they had ladder systems. drug smugglers are using air cannons. they just shoot the stuff over the wall. you build the wall in some incredibly remote area and they're just going to shoot the stuff over. this is a dumb idea and an incredible waste of money. >> i think about the wall affecting four states. the senators in arizona and texas have not been favorable. with an infrastructure bill, they are designed to direct money to almost all the states. whereas this border affects a handful. >> every state gets an allocation with surface transportation funding. under the current bill they are , getting back more than they paid in federal gas tax. we are borrowing $90 billion to put into surface transportation. everybody benefits. even better we should go back to , allowing members of august 2 -- members of congress to designate project cre

perhaps we are starting to in china little bit, but i think generally the expectation is that china will be dormant until the national conference in the fall. greg: we think the fundamentals in em still look pretty attractive. when you look at valuations, though, we are not from a place where we feel like em with the place to be relative to the broader market. from a fundamental standpoint, we think em could continue to hold in for some time at least given what we are seeing. oksana: since i seem to be the contrarian here today, em is at its tightest five-year level right now. and about maybe 100 basis points wider than the all-time high. this is hardly a valuation. i am not saying there are no pockets in em that may look good becausfuamentals very, -- vary, but i think the exception would be the overwhelming so of euphoric inflows and i question how much do the investors understand what they are buying and ultimately when we buy, we buy china. jonathan: china has not rolled over em. why? oksana: it is going to take some time. jonathan: greg, help me out here, why? greg: athe end of the

also i'm convinced we've got to push back on china's militaryism in the south china sea, the east china sea, and take a comprehensive approach to dealing with china. what they have successfully accomplished inside the country and outside the country is they want to have economic relationships but accept us politically in all the challenges we cause politically. that's what goes on inside the country and goes on outside country geopolitically, and we have got to push back on them comprehensively. lou: as we look at their economy slowing, their debt rising and production capacity obviously has been built up to a point that's unsustainable now with those economic challenges china becomes more likely to be destabilized or adventurous or both. general jack keane, as always, great to have you with us. >> good talking with you, lou. lou: we're coming right back. much more straight ahead. much, much more. stay with us. as north korea's threats against the united states escalate, the pentagon today carried out a successful interception of an icbm missile. >> the bottom line is it would be a cata

so that's china. obviously, throughout asia we've got a lot of work do with asean nations and re-solidifying our leadership with asean on a number of security issues but also trade issues and the south china sea, strengthen relations with australia and new zealand -- really important partners with us on a number of counterterrorism fronts. and so throughout the region those engagements are underway. and the president has committed to make the trip to vietnam and to the philippines for those meetings this fall, and i think that's going to be very important that he is going, and we'll be going in advance, obviously, to prepare for all of that. so if we walk around to the next hot spot that we worked on, pretty quickly it was the middle east around the campaign to defeat isis and instability that that's created in, obviously, syria, iraq, the issues in afghanistan. and as those of you who work that region well know, you can just kind of draw the concentric circles out all the way into north africa, parts

his costs are 25% cheaper than in china. i spoke to one analyst who told me he believed this trend would only gain momentum. this is what he had to say. >> chinese companies are going to the u.s. because they think by doing so they can lower their costs of production. in certain pockets of the u.s., the land will be much, much cheaper than china. the electricity rate, natural gas, the logistic costs. >> reporter: you can probably see that i'm in an apparel factory. this manufacturer ships to the u.s. as well as europe. they say if president trump pushes through part of his agenda and lowers corporate tax rates that would make manufacturing in the u.s. more attractive. there are draw backs. for labor industries, like apparel, the concern is about the cost of labor. beyond that, it's also the lack of skill in the u.s. it's not because people don't have the capability of learning these skills, but it's just that in china over years, especially in industry like apparel, people have built up so much experience it makes it more di

>> do you think china will? china was more aggressive with south korea recently in its response to the deployment of the thaad missiles. put economic sanctions against alphabet. they seem to be more aggressive at south korea than it has been with north korea. you talked about the limitation of coal but do you -- is china moving in the right direction there or does it seem to be still wanting to keep that close relationship with pyongyang in a way that is not putting much pressure on them? translator: for china, the one belt, one road, the extremely important forum was organized during the weekend. on that day, the missile was launched i'm sure the chinese deeply perplexed that north korea chose that date, china would receive the message of north korea that would be the point. so north korea is provocative behavior. this is the time that we have to stop and see solidarity and united action. for that, japan will strongly appeal to china. as for in terms of sino-japan relationship, during the apec i had a meeting w

for the disputed south china sea. the paracel and spratly islands are claimed by six nations. a professor of international relations at the university of the philippines told me who he thought held the upper hand in the talks. i think both will have a very good chance at negotiating what will eventually be the code of conduct. it appears to me that the philippines is very much determined, under the administration of president duterte, to find a peaceful solution. but finding a peaceful solution, would this mean having a joint exploration of the disputed islands? well, the deals in october definitely included joint exploration and trade, which we are enjoying robust relationship with china. what i think duterte would like there, and what the philippine ambassador would like, is to be able to provide the ground through which a code of conduct can actually be hammered out peacefully. so what that means is that they would also like to look at issues such as simply... as it has been said in the press, looking at an exchang

students at this campus from china, no option but to pay up campus from china, no option but to pay up if they want their files i'm locked by the hackers. translation: the encryption of planet —— ra nsomwa re was advanced. the encryption of planet —— ransomware was advanced. individual users would not be able to recover theirfiles. for users, they should also make always back up their files, upgrade best suit —— security softwa re files, upgrade best suit —— security software and use antivirus tools. that is the main advice from security experts. download the latest security patches from microsoft and regulate backup data to devices not connected to the internet. let's look at some of the other news. we will be keeping an eye on this week. later today, thailand and sales growth numbers on the january p0 —— january to may period. since the death of their king last year, thailand is expected to have grown at their fastest pace in force ——4 yea rs. at their fastest pace in force ——4 years. google's developer's conference gathered from around the world. letter t