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>>> HELLO EVERYONE AND WELCOME HERE'S WHAT'S COMING UP.
>> INFLATION SURGING, ENERGY PRICES SPIKING AND PREISDENT TRUMP DEMANDING INTEREST RATE CUTS, CAN HE STAY INDEPENDENT?
I SPEAK WITH JOURNALIST AND DIRECTOR OF THE FRONTLINE DOCUMENTARY THE PRESIDENT VERSUS THE FED JAMES JACOBY.
>> I STAND BY SCIENTISTS AT THE FDA.
>> TURMOIL INSIDE OF HEALTH AGENCIES IS PUBLIC TRUST AND UNDER THREAT?
>> THE CRAZIEST OF STORIES ABOUT A RUSSIAN SHADOW FLEET SHIP THAT SANK OFF THE COAST .
>> WE HAVE AN INVESTIGATION INTO WHAT MAY HAVE BEEN ONBOARD.
>> ONE OF THE THINGS TO REMEMBER ABOUT TRUMP 'S RHETORIC ABOUT CHINA WE HAVE SEEN ON THE HAS NOT ALWAYS MATCHED HIS POLICY.
>> PREISDENT TRUMP ARRIVES FOR A HIGH-STAKES MEETING WITH THE CHINESE LEADER, NEW YORK TIMES WHITE HOUSE CORRESPONDENT SPEAKS TO WALTER ISAACSON ABOUT THE PRESSURE LOOMING OVER HIS HISTORIC TRIP.
>> MADE POSSIBLE BY THE ANDERSON FAMILY ENDOWMENT.
JIM ATWOOD AND LESLIE WILLIAMS, CANDACE KING THE SYLVIA AND SIMON PROGRAMMING ENDOWMENT TO FIGHT ANTI-SEMITISM.
THE STRAUSS FAMILY FOUNDATION, THE PETER G PETERSON AND FUND, CHARLES ROSENBLUM, COMMITTED TO BRIDGING CULTURAL DIFFERENCES IN OUR COMMUNITIES.
AND BY CONTRIBUTIONS TO YOUR PBS STATION FROM VIEWERS LIKE YOU, THANK YOU.
>> A WARM WELCOME TO THE PROGRAM EVERYONE.
PREISDENT TRUMP IS IN CHINA LANDING IN BEIJING FOR A HIGH- STAKES SUMMIT AND THE FIRST VISIT BY U.S.
PRESIDENT IN NINE YEARS.
HE IS JOINED BY DELEGATION OF HIGH-PROFILE BUSINESS LEADERS THAT INCLUDES TIM COOK AND JASON WANG, BOTH PRESIDENTS SEEKING ECONOMIC OPPORTUNITY BUT BACK HOME THE ECONOMIC HEADLINES SHOULD BE INCREASINGLY WORRYING.
INFLATION IS SURGING, ENERGY COSTS ARE GETTING HIGHER THINGS TO THE WAR WITH IRAN.
THE HIGHER INFLATION RATE MAKES IT UNLIKELY THE FEDERAL RESERVE WILL CUT INTEREST RATES THIS YEAR DESPITE DEMANDS OF AMOUNTS TO A HEADACHE PER KEVIN WARSH SAID TO TAKE OVER AS THE FED CHAIR THIS WEEK.
SO IS HE TAKING ON A POISONED CHALICE?
KEVIN WARSH VOWED IN HIS CONFIRMATION HEARING HE WOULD BE INDEPENDENT OF THE WHITE HOUSE, ON THE LINE IS THE HEALTH OF THE AMERICAN ECONOMY AND CREDIBILITY OF THE FED.
FOR MORE THAN ONE YEAR THE OUTGOING CHAIR JEROME POWELL HAS FACED RELENTLESS CRITICISM AND LEGAL TARGETING BY THIS ADMINISTRATION AND THIS UNPRECEDENTED PRESSURE CAMPAIGN IS THE SUBJECT OF A NEW FRONTLINE DOCUMENTARY, THE PRESIDENT VERSUS THE FED, JAMES JACOBY JOINS US NOW FROM NEW YORK WELCOME TO THE PROGRAM.
>> THANK YOU FOR HAVING ME.
>> THE INCOMING CHAIRMAN WILL TAKE OFFICE AMID WHAT IS CALLED THE HEADLINE OF THE FIVE ALARM ECONOMY WITH INFLATION RISING, WAGES STAGNATING AND CONFIDENCE COLLAPSING THIS IS WHAT I FOUND LEAST ORDINARY, EVEN HIS COLLEAGUES FROM STANFORD ARE FEARFUL OF WHAT HE IS ABOUT TO TAKE ON.
JOHN COCHRAN A COLLEAGUE TOLD POLITICO , KEVIN WARSH IS THE DOG WHO CUT THE CAR.
JAMES I AM ASKING YOU NOW WHAT >> NOW WHAT, KEVIN HAS A UNENVIABLE POSITION HE IS COMING AMID SKEPTICISM AMONG HIS INDEPENDENCE BECAUSE OF THE TAX THE PRESIDENT WAGED ON THE FED ON CHAIR POWELL SO THERE WAS QUESTIONS ABOUT WHETHER HE WILL BE INDEPENDENT OF THE PRESIDENT BUT THAT'S THE POLITICAL LANDSCAPE, THE ECONOMIC HE IS STEPPING INTO HIS FRIGHTENING.
FOR A NUMBER OF REASONS THE NUMBER PUSHED UP FOR INFLATION LEVELS WE HAD NOT BEEN OUT IN SEVERAL YEARS CERTAINLY HIGHER OFFICE.
AND WE HAVE GOT A SOFTENING LABOR MARKET ALL SORTS OF REASONS FOR CONCERN THERE ARE HEADLINES ABOUT THAT ABOUT THE INFLATION EXPECTATION GOING FORWARD THESE ELEVATED GAS PRICES AND ENERGY PRICES WILL BE LONGER THAN EXPECTED.
SO HE WILL FACE AN EXTREMELY DIFFICULT TASK AND HE IS FACING A DIVIDED BOARD SO SOME APPOINTEES OF THE PRESIDENT ARE ON THE BOARD THAT MIGHT BE MORE SYMPATHETIC TO THE VIEW THAT INTEREST RATES COULD BE LOWER, HE'S COMING IN WITH A THEORY ABOUT WHY THEY COULD BE LOWER AND AS WE KNOW JEROME POWELL IS STAYING ON THE BOARD WITH OTHERS ON THE BOARD THAT DISAGREE WITH THE IDEA SO IT'S GOING TO BE DIFFICULT TO FIND ANY CONSENSUS.
>> EVEN YOUR WORK ON THIS DOCUMENTARY AND WHAT YOU ALLUDED TO EVEN IF KEVIN WARSH WANTS TO LOWER INTEREST RATES WE ARE DEALING WITH TOUGH IF HE DOES PREISDENT TRUMP'S BIDDING WHAT WOULD BE THE CONSEQUENCES OVER THE NEXT FEW MONTHS?
>> HIS THEORY IS YOU CAN LOWER RATES BECAUSE SOMEHOW THE A.I.
BOOM AND IMPLEMENTATION OF A.I.
IN THE ECONOMY WILL CREATE PRODUCTIVITY GAINS THAT ARE GOING TO INCREASE GROWTH WITHOUT CREATING INFLATION.
THAT IS A THEORY THAT HAS NOT BEEN TESTED AND HE WILL HAVE A DIFFICULT TIME CONVINCING COLLEAGUES OF DOING THAT SO THE LIKELY SCENARIO IS THE FED WILL NOT LOWER RATES ANYTIME SOON.
IF THEY DID THAT RAISES THE RISK OF LONG-TERM INFLATION OF INFLATION AND EXPECTATIONS BECOMING UNANCHORED WHICH COULD MEAN THAT COMPOUNDS AND YOU GET HIGHER INFLATION GOING FORWARD.
OF COURSE WE HAVE TO PUT IT IN THE CONTEXT OF THE MIDTERM ELECTIONS COMING UP AND INFLATION AND AFFORDABILITY ARE STILL MASSIVE ISSUES FOR VOTERS.
SO I CANNOT IMAGINE THEY WOULD WANT TO RISK EXACERBATING THE PROBLEM ALREADY TOP OF MIND FOR MOST PEOPLE.
>> THEY WILL CONTINUE TO FACE WITTICISM FROM THE WHITE HOUSE AND THAT MAY INCLUDE THE INCOMING CHAIR.
CHAIR POWELL OUTGOING, HE MADE THE MISTAKE OF LEAVING INTEREST RATES TOO LOW AND INFLATION AT POST COVID GOT TO UNMANAGEABLE LEVELS.
IT IS THE IRONY, KEVIN WARSH HAS A TALL ORDER TO KEEP IT UNDER CONTROL GIVEN THE INFLATION NUMBERS HE HAS TO WRESTLE WITH.
>> ABSOLUTELY THIS IS A FED THAT'S RATHER GUN SHY ABOUT INFLATION.
THEY MADE A MASSIVE MISTAKE DURING COVID.
WE GET INTO THIS IN THE DOCUMENTARY WITH PREVIOUS FROM FILMS DONE ABOUT THE MISTAKE OF THE LEFT THINGS WAY TOO LOW FOR TOO LONG AND THAT IT OTHER THINGS FOR THE ECONOMY DURING AND AFTER THE PANDEMIC.
THE FORMER OFFICIALS ADMIT THEY MADE THE MISTAKE AND THEY SHOULD HAVE RAISED QUICKER TO TAMP DOWN ON INFLATION.
THIS IS A FED SINGED BY HOW THEY MADE THE ERROR WHERE WE HAD THE HIGHEST INFLATION LEVELS IN DECADES.
THAT HAS CAUSED POLITICAL ISSUES IN THE COUNTRY AND ECONOMIC ISSUES SO THEY ARE GOING TO BE GUN SHY WHEN IT COMES TO LOWERING RATES WHEN THERE IS A RISK OF HIGH INFLATION AS A RESULT.
>> SO MUCH ALREADY ABOUT THE APPOINTMENT HAS BEEN POLITICIZED WITH THE REPUBLICAN SENATOR ASKING TO RESPOND TO ALLOCATIONS INCLUDING FROM ELIZABETH WARREN HE WOULD BE THE TRUMP SOCK PUPPET LISTEN.
>> A HUMAN SOCK PUPPET SOMEBODY WILL DO WHAT SOMEBODY ELSE TELLS THEM TO DO.
>> THAT'S WHAT THE SENATOR WAS TRYING TO SUGGEST.
>> ARE GOING TO BE THE HUMAN SOCK PUPPET?
ARE YOU GOING TO BE ANYBODY'S HUMAN SOCK PUPPET?
>> I AM HONORED THE PRESIDENT NOMINATED ME AND WILL BE EIGHT INDEPENDENT ACTOR IF CONFIRMED AS CHAIRMAN.
>> AN INDEPENDENT ACTOR.
THIS WAS APPLAUDED BY MANY PEOPLE INCLUDING THE PRIME MINISTER OF CANADA WHO WORKED WITH HIM, HE HAS A IMPECCABLE RESUME YET HOW DO YOU BELIEVE HE WILL ACT AND EVERYONE SAYS HE NEEDS TO BE INDEPENDENT.
DOES HE HAVE THE FORTITUDE IN THE MONTHS TO COME?
>> THAT'S THE BIG QUESTION I DON'T FEEL QUALIFIED TO PROGNOSTICATE.
THOSE WHO KNOW HIM AND HAVE WORKED WITH HIM TO RESPECT HIM AND THINK HE WILL OPERATE INDEPENDENTLY.
IF YOU WANT TO TAKE A SKEPTICAL VIEW THERE'S ANOTHER LINE OF QUESTIONING FROM ELIZABETH WARREN ABOUT THE WITNESS TEST QUESTION DEMOCRATS ASK OF TRUMP APPOINTEES INCLUDING PEOPLE BEING APPOINTED TO LIFETIME APPOINTMENTS TO THE FEDERAL BENCH WHETHER DONALD TRUMP LOST THE ELECTION, WHEN WARSH WAS ASKED THE QUESTION HE EVADED THE QUESTION.
OVER THOSE WHO THINK HE MAY NOT ACT WITH INDEPENDENCE SAW SOMETHING CONCERNING IN THAT EXCHANGE.
BUT I THINK HE IS SOMEBODY WHO HAS BEEN ON THE RECORD OVER AND OVER AS SOMEONE WHO THINKS THE INDEPENDENT OF THE BANK IS SACROSANCT AT THE SAME TIME HE HAS BEEN AUDITIONING FOR THE JOB FOR A LONG TIME WHEN TRUMP PICK POWELL THE OTHER FRONT RUNNER WAS TRYING TO.
HE HAS ONE OF THE JOB FOR A LONG TIME, CHANGED HIS VIEW ABOUT INTEREST RATES, HE'S TO BE A INFLATION HAWK NOW HE THINKS THAT RATES COULD BE LOWER GIVEN THE PRESSURES OUT THERE.
SO IT REMAINS TO BE SEEN .
THE MILLION-DOLLAR QUESTION.
>> THE FED AS YOU POINTED OUT IT'S UNLIKE ANY OTHER FEDERAL AGENCY DESIGNATED BY CONGRESS AS A INDEPENDENT WITHIN THE GOVERNMENT AGENCY FREE TWO MONETARY POLICY DECISIONS THIS IS SUPPOSED TO BE WITHOUT POLITICAL PRESSURE.
HOW POWERFUL IS THE FED CHAIR IN THAT CONTEXT AND GIVEN THE WAY THIS IS SET UP IN A DEMOCRATIC SYSTEM IT IS NOT ALL ABOUT ACCOUNTABLE TO POLITICAL LEADERS.
>> THE FED WAS DESIGNED TO BE INSULATED FROM POLITICAL PRESSURE BECAUSE IT NEEDS TO MAKE LONG-TERM DECISIONS FOR THE ECONOMY.
WE HAVE SEEN ALMOST EVERY PRESIDENT PRESSURE FOR LOWER INTEREST RATES EVERY PRESIDENT FAMOUSLY RICHARD NIXON PUSHED HIS CHAIR TO LOWER RATES, BURNS GIVEN TO THE PRESSURE AND WE SAW MASSIVE INFLATIONARY PROBLEMS WITH ECONOMIC PROBLEMS FOR A DECADE AFTER THAT HAPPENED.
WE HAVE SEEN THIS THE DIFFERENCE WITH PREISDENT TRUMP IS THE PUBLIC PRESSURE, THE CAMPAIGN ON POWELL AND THEN RAMPING UP IN THE SECOND TERM WE HAVE SEEN CRIMINAL INVESTIGATIONS INTO POWELL WITH THE ATTEMPT TO FIRE LISA COOK ONE OF THE GOVERNORS ON THE RESERVE BOARD.
VOTE ON INTEREST RATES DECISIONS.
SHE HAD ALLEGATIONS LEVELED SHE COMMITTED MORTGAGE FRAUD AND THE PRESIDENT USE THAT TO TRY TO FIRE HER, THE CASE HAS BEEN ARGUED IN FRONT OF THE SUPREME COURT.
HE HAS WAGED A PRESSURE CAMPAIGN UNLIKE ANY OTHER IN HISTORY.
WHETHER THE FED INDEPENDENCE GOING FORWARD.
>> STARTLING COMMENT TO MAKE.
PREISDENT TRUMP HIMSELF AT LEAST THE PRESSURE IS PUBLIC AS YOU POINT OUT FROM THE EXAMPLE THE PRESSURE DID NOT COME TO LIGHT UNTIL SOMETIME AFTERWARDS SO YOU WONDER WHAT GOES ON BEHIND THE CURTAIN IF YOU GO BACK TO THE DOCUMENTARY SUMMING UP WHAT IS HAPPENING WITH THE FED AND PRESIDENCY IN THE LAST YEAR AND A BIT HAS BEEN EXTRA MERRY GO TO JANUARY WHERE JEROME USED THE TRUMP ADMINISTRATION OF THOSE LEGAL THREATS TO INFLUENCE THE POLICY AFTER THE DOJ THREATENED TO INDICT POWELL OVER TESTIMONY HE GAVE ON THE BUILDING PROJECT AT THE FED HEADQUARTERS.
AGAIN ON VIDEO HE SAID HE STANDS FIRM.
HOW DID THE RESPONSE OVER AT THAT TIME AND WHAT KIND OF PRECEDENT DOES THAT SET?
>> IT ALL SOUNDS LIKE IT COULD NOT HAVE HAPPENED AT ANY OTHER TIME.
THAT WAS ALL UNPRECEDENTED AND THAT'S WHY WE DID A FILM TO LAY OUT AND TRACE THIS BATTLE BECAUSE IT WOULD'VE BEEN UNTHINKABLE THERE WOULD BE A DOJ INVESTIGATION CRIMINAL INVESTIGATION TO A FED CHAIR.
IT WOULD'VE BEEN UNTHINKABLE THAT THERE WOULD BE A FIRE IN FOR ON SYSTEMIC ENDED ALLEGATIONS ABOUT MORTGAGE FRAUD YET THIS IS WHERE WE ARE AND I THINK THIS IS THE REALITY GOING FORWARD IS WHETHER THIS INSTITUTION CAN WITHSTAND THE PRESSURE AT THIS POINT AND WHETHER KEVIN WARSH CAN WITHSTAND PRESSURE BECAUSE IF YOU MAKES INTEREST RATE DECISIONS AT ODDS WITH THE PRESIDENT ALL BETS ARE OFF AND HE MAY BE INCURRING THE WRATH OF THE PRESIDENT AS WELL.
>> THERE IS A STRIKING, YOU GOT NO THIS IS FOR ME DOCUMENTARY ABOUT PREISDENT TRUMP'S THREAT TO FIRE, BUT THE ALLEGATIONS A MORTGAGE FRAUD LET'S LISTEN.
>> YOU THINK THIS IS ALL PART OF AN EFFORT BY THE PRESIDENT AND THIS ADMINISTRATION TO GET HIS HANDS ON A POWERFUL ECONOMIC LEADER?
>> I THINK HE HAS BEEN VERY CLEAR.
>> IS THERE A CHILLING EFFECT FOR OTHERS OFFICIALS A FEAR THAT YOU MIGHT BE NEXT?
>> I THINK THAT'S IN THE BACK OF EVERYBODY'S MIND.
IF IT COULD HAPPEN TO LISA WHY COULDN'T IT HAPPENED TO ME OR ANY COLLEAGUE BUT IT ALSO STEALS RESOLVE.
>> VERY IMPORTANT POINTS AND IT IS SO INDICATIVE OF WHAT KEVIN WARSH HAS COMING UP .
EXTRAORDINARY COMMENT FROM SOMEBODY SITTING IN THE ROOM.
WHAT DO YOU BELIEVE WHAT SIGNS SHOULD WE LOOK FOR FROM THE CHAIR AND THE BOARD?
>> ONE OF THE THINGS THAT'S INTERESTING IS KEVIN WARSH HAS BEEN A LONGTIME CRITIC AND ITS POWER AND IS IMPORTANT TO NOTE THE FED IS AN EXTREME THE POWERFUL ENTITY.
PROBABLY THE MOST POWERFUL INSTITUTION IN THE ECONOMY IF NOT THE GLOBAL ECONOMY.
IS NOT DIRECTLY ACCOUNTABLE TO VOTERS, DESIGNED THAT WAY IT IS ACCOUNTABLE TO CONGRESS AS WE TALK ABOUT IT MEZA MISTAKES WITH MASSIVE REPERCUSSIONS FOR THE PEOPLE KEVIN WARSH HAS A REFORM MINDED AGENDA COMING INTO THE FED.
WHETHER HE GETS TO DO THOSE THINGS , SHRINK THE SIZE OF THE INFLUENCE IN THE ECONOMY , CHANGE THE WAY THEY THINK ABOUT INFLATION IT IS AN OPEN QUESTION.
WHAT WE NEED TO LOOK FOR WITH CLOSE WHETHER INTEREST RATE DECISIONS WHICH IS WHAT THE PRESIDENT IS INTERESTED IN NOT THE REFORMS THAT HAS BEEN IN MIND , WHETHER WE SEE THINGS LIKE YOU KNOW PEOPLE SAYING THINGS BRINGING UP NO INFORMATION ABOUT ONE OF THE GOVERNORS BECAUSE THE LISA COOK ALLEGATION CAME OUT OF THIN AIR IN THE OBSCURE FEDERAL AGENCY AND HE IS RAISING ALLEGATIONS OF MORTGAGE FRAUD THAN THE PRESIDENT IS PICKING UP ON THAT USING IT AS GROUNDS TO FIRE HER.
WHO'S TO SAY ANYONE ELSE ON THE BOARD AS NOT GOING TO HAPPEN TO THEM.
I WOULD LOOK FOR THINGS LIKE THAT IN THE FIRST DISAGREEMENT WITH THE KEVIN WARSH AND THE PRESIDENT.
>> WHICH IS SURE TO COME.
THANK YOU SO MUCH FOR JOINING US.
FRONTLINE THE PRESIDENT VERSUS THE FED IS NOW STREAMING.
THANK YOU SO MUCH.
NOW TO THE ONGOING TURMOIL WITHIN HEALTH AND HUMAN SERVICES DEPARTMENT, THE FDA COMMISSIONER OUT THE LATEST IN A STRING OF HIGH-LEVEL PERSONNEL CHANGES.
THERE IS CURRENTLY NO SURGEON GENERAL AND NO CONFIRM DIRECTOR OF THE CDC, ACCORDING TO THE NEW YORK TIMES THE HEALTH SECRETARY HAS BEEN DRIVING INTERNAL RESEARCH TO TRY TO PROVE THE INVALID THEORY THAT VACCINES ARE HARMFUL WHILE CNN HAS LEARNED THE FDA IS SUPPRESSING STUDIES THAT SHOW VACCINES ARE SAFE.
LONGTIME VACCINE SCIENTIST DISMISSED FROM A ADVISORY COMMITTEE LAST SUMMER JOINING US NOW FROM PHILADELPHIA.
IT IS GOOD TO SEE YOU AS WE TRY TO PARSE THESE GOINGS ON.
SO MATERIAL TO SO MANY PEOPLE'S HEALTH NOT JUST IN THE UNITED STATES BUT AROUND THE WORLD.
WE START WITH THE STATUS QUO UNDER THIS HEALTH SECRETARY.
NO FDA COMMISSIONER, NO CDC DIRECTOR, NO SURGEON GENERAL.
YOU BELIEVE THE IMPACT IS ON HEALTHCARE?
>> YOU SEE IT WE HAD A MEASLES OUTBREAK BIGGER THAN ANYTHING IN 30 YEARS, THREE PEOPLE DIED LAST YEAR INCLUDING TWO HEALTHY LITTLE GIRLS YOU HAD 290 CHILDREN DIE LAST YEAR OF INFLUENZA WITH ANOTHER 115 THIS YEAR.
WE HAVE NOT SEEN THOSE NUMBERS SINCE THE LAST INFLUENZA PANDEMIC.
STATES WITH WHOOPING COUGH DEATH.
I THINK THE GOAL OF RFK TO DISMANTLE THE VEXING INFRASTRUCTURE AND YOU CAN ADD WE DON'T HAVE A CURRENT ADVISORY COMMITTEE PRACTICE FOR THE CDC, THE GOAL IS TO CREATE CHAOS, MAKE PEOPLE UNSURE ABOUT VACCINES AND HE HAS BEEN SEXUAL WITH VIRUSES AND BACTERIA NOW COME BACK TO HARM CHILDREN.
>> HE'S KEEPING QUIET PUBLICLY ABOUT VACCINES BUT THE WORK IS GOING ON BEHIND THE SCENES PUSHING MAJOR RESEARCH TO EXAMINE LONG-HELD BELIEF THAT VACCINES ARE NOT SAFE BUT THIS COMES AFTER THE FDA BLOCK PUBLICATION OF RESEARCH SHOWING THAT THEY WERE SAFE.
A SPOKESPERSON SAYS THE STUDIES WERE WITHDRAWN BECAUSE AUTHORS DREW THE BROAD CONCLUSIONS NOT SUPPORTED BY THE UNDERLYING DATA.
SCIENTIFICALLY SPEAKING THIS IS YOUR BREAD AND BUTTER WORK DOES THE FDA HAVE A LEG TO STAND ON OR DO YOU BELIEVE THIS IS PURELY POLITICAL?
>> I THINK HE BELIEVES VACCINES HAVE LESS INFECTION DISEASE AT THE RISK OF CAUSING CHRONIC DISEASE EVEN THOUGH DATA DO NOT SHOW THAT ANY WILL DO EVERYTHING YOU CAN TO PROVE HIS ANTI-VACCINE BELIEFS .
HE WILL USE DATABASES AND TRY TO CHERRY PICK SCARE PARENTS THAT'S WHAT HE WILL DO IN THE IRONY OF SUPPRESSING STUDIES ABOUT SAFETY OF THE SIGNALS VEXING FOR THE SAFETY AND EFFICACY OF THE COVID VEXING AS HE TALKS ENDLESSLY ABOUT HOW PARENTS SHOULD BE INFORMED AND THEN HE DOES EVERYTHING TO MISINFORM THEM OR NOT PROVIDE INFORMATION THAT COULD INFORM THEM.
>> IF THE DATA IS SOUND WHO BENEFITS FROM SUPPRESSING THESE STUDIES?
>> NOBODY, AND THE PERSON IS ROBERT KENNEDY JUNIOR WHO CAN THEN CONTINUE TO GO ON HIS WAR AGAINST VACCINES BY SUPPRESSING IMMUNIZATION.
IS A DANGEROUS TIME AND UNTIL CONGRESS STANDS UP OR THE PRESIDENT STANDS UP CHILDREN WILL CONTINUE TO BE HURT.
IT'S HARD TO WATCH THIS IS THE HEALTH SECRETARY IF YOU READ HIS BOOK HE DOES NOT BELIEVE IN THE GERM THEORY.
>> GOT A PHONE CALL WITH RFK GOING WAY BACK TALKING 2005 AND YOU THOUGHT THE CALL WENT WELL HE SAID ONE THING ON THE PHONE THEN AFTERWARDS HE CRITICIZED YOUR.
SINCE THEN YOU HAVE BEEN SKATING YOU CALLED HIM AN EVIL MAN AND YOU SAY HE IS DANGEROUS HOW DO YOU LOOK BACK ON THAT DECADES LATER BECAUSE YOU KNOW WHAT HE WILL SAY ABOUT YOU.
YOU WILL SAY YOU HAVE A AX TO GRIND.
>> I STAND UP FOR THE HEALTH AND WELL-BEING OF CHILDREN THAT'S WHY CHOSE TO BE IN PEDIATRICS.
I REMEMBER POLIO ROOM OR HOW LONG THOSE CHILDREN WERE THAT'S WHY I CHOSE PEDIATRICS.
CONVERSATION FROM 2004 WAS HE CALLED ME AND WANTED TO KNOW THIS PRESERVATIVE IN VACCINES IF IT WAS HARMFUL AT THE TIME THERE HAD BEEN STUDIES LOOKING AT CHILDREN WHO GOT THE VACCINES COMPARED TO CHILDREN WHO DO NOT THERE WERE PLENTY OF DATA AVAILABLE THE CONVERSATION WENT WELL HE THANKED ME HOME THAT NIGHT AND TOLD MY WIFE HAD A NICE CONVERSATION WITH ROBERT KENNEDY JUNIOR THEN WHEN YOU'RE LATER HE PUBLISHED AN ARTICLE IN ROLLING STONE CLAIMING I WAS IN THE POCKET OF INDUSTRY AND THE ONLY REASON I SAID THE VACCINES WERE SAFE WAS BECAUSE THE VACCINE I WAS WORKING WITH AT A TEAM AT THE HOSPITAL WAS LACED WITH WHEN THAT WAS NOT TRUE AT ALL.
HE SENT BACK TO ME AND I REALIZED HE WAS A ANTI-VACCINE ACTIVIST SO I DO CONSIDER HIM AN EVIL MAN HE PUTS CHILDREN IN HARMS WAY AND CAUSES THEM TO SUFFER AND DIE UNNECESSARILY AND WHAT COULD BE MORE EVIL THAN THAT.
>> HE IS NOT ACTIVELY TRYING TO HARM PEOPLE?
WHAT DO YOU THINK THE DISINFORMATION IS GOING IT'S THE MOTIVE HERE >> I DON'T HE'S ACTIVELY TRYING TO HARM PEOPLE BUT HE'S DOING NOTHING TO STOP THE HARM THAT OCCURRING WHEN YOU HAVE THE LAST YEAR WITH THOUSANDS OF CHILDREN SUFFERING OR BEING HOSPITALIZED WHERE IS HE?
HE'S THE SEC.
OF HEALTH AND HUMAN SERVICES, YOU CAN HAVE A PRESS CONFERENCE AND STAND UP TO SAVE ACCIDENT YOUR CHILDREN HE DOES NOT DO THAT AT ALL IN THE PRESS COVERAGE HE HAD TO STAND UP WITH PREISDENT TRUMP AND SAY TYLENOL EVEN IN THE FIRST TRIMESTER CAUSES AUTISM.
STUDY AFTER STUDY SHOWS THAT'S NOT TRUE EITHER SO HE HAS FIXED BELIEFS HE DOES NOT SEEM TO CARE THE CHILDREN SEEM TO BE SUFFERING AND HE DOES NOT DO ANYTHING ABOUT IT.
>> WHAT IS HAPPENING WITH VEXING RESEARCH ITSELF?
GOING FROM OPERATION WARP SPEED TO RFK TAKING AWAY BILLIONS FROM RESEARCH PROJECTS IN AUGUST.
HOW MUCH DAMAGE DO YOU SEE IN THE PIPELINE?
I ASK THIS AS WE WATCH THE VIRUS WHICH IS ISOLATED BUT WE ARE MORE VACCINES ON THAT PLATFORM?
>> PEOPLE DON'T REALIZE ONE OF THE HEROES OF THE PANDEMIC THAT HELPED US SAVE 3 MILLION LIVES WITH THE COVID VACCINES WAS PEOPLE LIKE BARNEY GRAHAM FROM THE NATIONAL INSTITUTES OF HEALTH IN CHINA IN 2002-2003 THEY STARTED WORKING ON A SARS ONE MRNA VEXING, AND NEVER CAME TO THE COUNTRY OR KILL PEOPLE SO WE DID NOT NEED IT BUT DURING THE RESEARCH WE LEARNED A LOT SO WHEN RFK JUNIOR REMOVES $500 MILLION FROM THE DEVELOPMENT AUTHORITY FOR THINGS LIKE THE BIRD FLU VACCINE ALL HE DOES IS LIMIT US WHEN THERE'S THE NEXT PANDEMIC AND THERE WILL BE ANOTHER PANDEMIC WE HAVE HAD THREE CORONAVIRUS PANDEMICS IN 20 YEARS.
LET'S ASSUME THAT'S NOT THE END.
SO HE HAS THE RESEARCH OF A STRUCTURE HURT IN THIS COUNTRY.
WE TALKED PEOPLE PROMINENT IN RESEARCH AND DEVELOPMENT WILL MOVE TO CHINA INTO INDIA TO A LESSER EXTENT.
>> THOSE BLOCK STUDIES ANALYZED MILLIONS OF PATIENT RECORDS AND COST MILLIONS OF TAXPAYER DOLLARS, IF THESE AGENCIES SURPASS GOVERNMENT-FUNDED DATA SETS IF YOUR DOCTOR ON THE GROUND YOU ARE IN RURAL AMERICA TRYING TO GIVE PEOPLE EVIDENCE- BASED ADVICE AS TO WHAT THEY SHOULD DO DOES THIS PLAN FOR THE MEDICAL COMMUNITY WHAT IMPACTS DO YOU SEE?
>> THAT'S WHAT IT DOES.
WE LOOK TO THE CDC OR LOOK TO THE CDC INFORMATION.
WE CANNOT LOOK ANY MORE.
THE IRONY IS RFK JUNIOR HE SAID PEOPLE DON'T TRUST THE CDC.
NOW THEY REALLY DON'T TRUST THE CDC.
THE MEDICAL PROFESSION DOES NOT TRUST THE CDC.
WE DON'T HAVE THE ADVISORY COMMUNITY.
WHEN YOU SEE THE DATA SUPPRESSED IT BREAKS YOUR HEART BECAUSE THOSE ARE THE DATA WE NEED TO MAKE THE BEST DECISIONS FOR PATIENTS AND THEIR FAMILIES.
>> IT MIGHT SEEM OBVIOUS IF YOU ARE VIEWING THE UNITED STATES OR AROUND THE WORLD AND YOU'RE TRYING TO GET INFORMATION WHETHER IT IS VACCINES OR OTHER PUBLIC HEALTH ISSUES WHERE SHOULD YOU GO NOW?
SOME PEOPLE ARE QUESTIONING FDA MOTIVES ARE SAFETY OF THE ON VACCINES ESPECIALLY WHEN IT COMES TO YOUNG CHILDREN BUT BEYOND THAT WHERE DO THEY LOOK TO GET THE TRUTH BECAUSE WE HAVE SEEN SO MUCH DAMAGE ALREADY FROM COVID AND THOSE VACCINES YOU POINTED ALREADY SOME HAVE LOST THEIR LIVES GIVEN THE OUTBREAKS THAT WOULD'VE BEEN UNTHINKABLE DECADES AGO?
>> A NUMBER OF GROUPS HAVE STOOD UP.
WE LOSE THE ADVISORY COMMITTEE FOR THE IMMUNIZATION PRACTICES WHERE WE HAVE EXPERT COMMITTEES THAT ADVISE PEDIATRICS WHO PUT OUT A SCHEDULE THAT IS SCIENCE-BASED.
SAME THING IS TRUE WITH THE AMERICAN ASSOCIATION FOR FAMILY PHYSICIANS.
THE INFECTIOUS DISEASE SOCIETY OF AMERICA.
STATE OF THEIR OWN COMMITTEES TO GIVE SCIENCE-BASED INFORMATION.
THE PROBLEM IS WE USED TO HAVE A ONE-STOP SHOP LOOKING AT THE AC IPN CDC NOW IT IS FRAGMENTED SO WE HAVE TO LOOK OTHER PLACES BUT THEY DO EXIST TO PROVIDE GOOD INFORMATION TO MAKE THE BEST DECISIONS.
>> I HAVE TO ASK YOU CAME IN ON THE MANTLE OF MAKE AMERICA HEALTHY AGAIN.
THERE ARE KERNELS OF GRIEVANCE IN THE MOVEMENT AND SOME TRUTH SO WHAT KIND OF DEVELOPMENT MISSING?
ANYTHING REDEEMING FROM WHAT HAS GONE ON WITH THE DEPARTMENT IN TERMS OF TRYING TO INFORM AMERICANS ABOUT THINGS LIKE PRESCRIPTION DRUGS OR THE CHEMICALS WITHIN THEIR FOODS AND ABOUT VACCINES?
THERE ARE ADVERSE REACTIONS TO VACCINES.
>> THE MOVEMENT HAS MANY COMPONENTS THAT MAKE SENSE.
COULD BE LESS RELIANT ON PROCESSED FOODS YES, SHE WOULD NOT GIVE SUGAR DRINKS TO INFANTS YES SERIOUSLY BETTER AND EXERCISE MORE TO OVERMEDICATED CHILDREN TO HAVE THINGS IN FOOD THAT ARE HARMFUL.
THAT'S ALL FINE BUT THE PROBLEM IS BECAUSE YOU HAVE ROBERT KENNEDY JUNIOR HE SIDETRACKED AMONG THE SORT OF ENTER VEXING ACTIVISM AND WHILE TO KNOW VEXING IS PERFECTLY SAFE I THINK PREVIOUSLY BEFORE HE CAME INTO THE POSITION , WE WERE VERY QUICK TO LET PEOPLE KNOW WHAT THE ISSUES WERE.
WHEN THE COVID VEXING CAME OUT IN DECEMBER 2020 THINGS IN PLACE THAT TOLD US THAT THERE WAS A SAFETY PROBLEM I WAS ON THE ADVISORY COMMITTEE WE REVIEW THE DATA IN DECEMBER 2020 BUT WE REVIEW DATA ON 35,000 ADULTS WORK OUT THE VACCINE FOR A VEXING ABOUT TO BE GIVEN TO HUNDREDS OF MILLIONS OF PEOPLE SO THERE WILL BE SOME SAFETY PROBLEM TO RISE AND YOU HAVE THINGS THAT PICKED UP MYOCARDITIS.
EVER CONSEQUENCE OF THE MRNA VEXING.
CLOTTING ASSOCIATED WITH JOHNSON & JOHNSON SO RFK JUNIOR CONSPIRACY THEORY MINDSET IS WRONG AND HE CANNOT POINT ANYTHING THAT SHOWS HE IS WRONG BECAUSE HE SAYS IS A BIG CONSPIRACY TO HIDE THE TRUTH AND BIG PHARMA IS HIDING THE TRUTH WITHOUT REAL EVIDENCE OTHER THAN VAGUE HANDWAVING AND INNUENDO.
>> WE WILL CONTINUE TO WATCH THIS SPACE CAREFULLY ESPECIALLY WHAT'S GIVEN AT STAKE.
WE WANT TO THANK YOU FOR DOING THE PROGRAM.
AN INVESTIGATION HAS FOUND A RUSSIAN CARGO SHIP BELIEVED TO BE CARRYING TWO SUBMARINE NUCLEAR REACTORS DESTINED FOR NORTH KOREA SANK OFF THE COAST OF SPAIN AND 2024.
TO THE MEDITERRANEAN TO GET TO THE BOTTOM OF THE MYSTERY AND HERE'S WHAT HE FOUND OUT.
>> YOU MYSTERY IN THE MEDITERRANEAN THE POSSIBLE TORPEDO OF A RUSSIAN SHIP TO STOP THE KREMLIN ENDING REACTORS TO NORTH KOREA.
THIS IS THE CRAZIEST OF STORIES ABOUT A RUSSIAN SHUTTLE FLEET SHIP OFF THE COAST THAT SINK THE RUSSIAN CAPTAIN CONFESSED IT WAS CARRYING NUCLEAR REACTORS POSSIBLY FOR A SUBMARINE OF ISSUES WEAPONS PROLIFERATION BETWEEN NUCLEAR POWERS AND FORCE BEING USED TO STOP IT, THE SHIP LOADED UP NEAR ST.
PETERSBURG IN 2024 ON PAPER WITH A CARGO HUGE CRANES AND OVER 100 EMPTY CONTAINERS.
IT MADE ANOTHER STOP LOADING LARGE MANHOLE COVERS.
IT SAID SALE A FLEET SHIP USED BY RUSSIAN AND SYRIA THE PORTUGUESE NAVY FOLLOWED IT YOU CAN SEE THE BLUE COVERS UNTIL IT RAN INTO TROUBLE IN SPANISH WATERS.
>> ON DECEMBER 22 SUDDENLY SPANISH RESCUERS NOTICED AND RADIOED THE SHIP INSISTED IT WAS FINE AND COULD DEAL WITH THE SITUATION.
>> 24 HOURS LATER A SHARP DIVISION WITH A URGENT CALL FOR HELP.
THE BOAT AND THE VIDEO FILMED BY NEARBY TINKER PROBABLY NOT GOING TO SINK TOO FAST, THE CAPTAIN WITH LETTER TELL INVESTIGATORS HE HAD SEEN A 20 X 20" HOLE.
IT HAD BEEN FOLLOWED BY THREE EXPLOSIONS ON THE SIDE OF THE BOAT.
KILLING TWO OF THE CREW.
>> TELL EVERYONE TO STAY TWO NOT ALL MILES AWAY BUT THE SPANISH KNOW THEY NEED TO CONDUCT RESCUE OPERATIONS SO THEY SEND A SHIP TO PICK UP 14 SURVIVORS BROUGHT BACK HERE INCLUDING THE RUSSIAN CAPTAIN WHO STARTS TO HELP INVESTIGATORS PIECE TOGETHER SOME OF WHAT HAS HAPPENED.
HOURS LATER TO MOVE CHANGES IN THE RUSSIAN MILITARY FIRED FLARES OVER IT WITH A SERIES OF EXPLOSIONS TO FOLLOW.
SPANISH SENSORS PICK UP AND IS SENT THE SHIP TO THE SEABED.
>> THE RUSSIAN CAPTAIN TOLD INVESTIGATORS SOMETHING REMARKABLE THE SHIP WAS CARRYING COMPONENTS FOR NUCLEAR REACTORS LIKELY FOR A SUBMARINE ADDING HE CANNOT BE SURE OF THE REACTORS HAVE FUEL IN THEM THERE IS NO EVIDENCE OF CONTAMINATION.
HE THOUGHT HE WOULD BE DIVERTED TO NORTH KOREA'S PORT.
RUSSIA WAS NORTH KOREA'S DEBT AT THE TIME AFTER THEY SEND 10,000 TROOPS TO HELP FIGHT UKRAINE TWO MONTHS EARLIER.
IN DECEMBER 2025 NORTH KOREA WOULD CLAIM TO HAVE BUILT THE FIRST NUCLEAR POWERED SUBMARINE.
>> EVERYTHING ON THE BOTTOM OF THE SEA BUT THE RUSSIANS WERE NOT DONE.
ACCORDING TO A SOURCE ONE WEEK AFTER THE INCIDENT A RUSSIAN RESEARCH VESSEL LINKED ALL SORTS OF ALLEGATIONS AGAINST MOSCOW SET OVER THE WRECKAGE FIVE DAYS FOUR MORPH EXPLOSIONS FOLLOWED DESTROYING WHAT WAS LEFT OF THE WRECKAGE.
>> TWICE SENDING A RARE CONSTANT PHOENIX WHICH TRACES OF NUCLEAR ACTIVITY OVER IRAN OVER THE PATH OF THE URSA MAJOR.
ONE HEADPHONE A SIMILAR ROUTE 13 WEEKS EARLIER THE AIRCRAFT BASE DECLINED TO PROVIDE DETAIL.
SPANISH LAWMAKERS HAVE URGENTLY SOUGHT ANSWERS BUT I'VE GOT FEW.
>> WHAT DID THE SHIP SINK?
THE SPANISH INVESTIGATION SAID THE FIRST IMPACT WAS LIKELY FROM A PROJECTILE.
A TORPEDO THAT FLIES IN FRONT OF ITSELF TO REACH HIGH-SPEED SIMPLER.
>> SOUNDS LIKE A EXPLOSIVE WAS PLACED AGAINST THE HOLE BY SOMEBODY OR SOMETHING.
>> THE RUSSIAN OWNERS CALLED IT A TARGETED TERRORIST ATTACK.
THEY, THE RUSSIAN SPANISH AND BRITISH MILITARIES DID NOT REPLY TO THE REQUEST FOR COMMENT AND THE PENTAGON DECLINED.
THERE A FEW WESTERN MILITARIES OPERATING THEIR CAPABLE OF NOTICING TRACKING AND STOPPING THE CARGO LIKE THIS.
ALL SIDES HAPPY FOR THE SECRET TO STAY ON THE SEA FLOOR.
>> AS WE HAVE SAID IT HAS BEEN 10 YEARS SINCE PREISDENT TRUMP FIRST VISITED CHINA IN 2017 IN THAT TIME A LOT HAS CHANGED BETWEEN THE WAR IN IRAN, TARIFFS, TERROR ON AND MANY TECH LEADERS WONDERING WHAT ISSUES TRUMP AND THE CHINESE PRESIDENT WILL PRIORITIZE DURING THIS TRIP WHITE HOUSE CORRESPONDENT TYLER PAGER WALTER ISAACSON TO DISCUSS WHICH GLOBAL ISSUES COULD INFLUENCE THE MEETING AND WHAT TRUMP MIGHT BE HOPING TO ACHIEVE.
>> THANK YOU AND WELCOME TO THE SHOW.
INFLATION SHOT UP 3.8% EXCEEDING EXPECTATIONS SOME OF THAT IS FUEL COST SOME IS TARIFFS.
BOTH OF THOSE WILL BE ON THE AGENDA WHEN PREISDENT TRUMP MEETS THIS WEEK WITH PRESIDENT XI JINPING IN BEIJING.
LET'S START WITH THE FUEL PRICE.
TO WHAT EXTENT IS IT GOING TO BE PREISDENT TRUMP'S GOAL TO GET THE CHINESE PRESIDENT TO HELP OPEN AND BRING DOWN FUEL COST?
>> CERTAINLY IT IS GOING TO BE TOP OF MIND FOR THE PRESIDENT WHEN HE ARRIVES IN BEIJING.
YOUR MEMBER PREISDENT TRUMP POSTPONED THE TRIP HE WAS SUPPOSED TO GO IN APRIL AND HE PUSHED BACK UNTIL MAY BECAUSE THE WAR HAD BROKEN OUT.
THIS CONFLICT BEHIND HIM AND OBVIOUSLY IT IS NOT.
SO REGARDLESS OF THE OTHER TOPICS THAT BOTH LEADERS WANT TO ADDRESS IT'S GOING TO BE UNAVOIDABLE THAT THE LEADERS WILL HAVE TO WORK THROUGH THIS CONFLICT AND THE IMPACTS ON BOTH COUNTRIES AND THE GLOBAL ECONOMIC SYSTEM SO IT WILL BE TOP OF MIND.
WHAT ROLE THEY ASKED TO PLAY REMAINS UNCLEAR BUT WE HAVE SEEN CHINA PLAY AN IMPORTANT ROLE IN GETTING IRAN TO AGREE TO THE EARLIER CEASE-FIRE SO WE KNOW CHINA CAN EXERT PRESSURE ON IRAN WHETHER OR NOT PREISDENT TRUMP ASKS TO GET INVOLVED IS UNCLEAR BUT IT WILL DOMINATE THE CONVERSATION.
>> WHO NEEDS THE STRAIT OF HORMUZ OPENED MORE CHINA OR THE U.S.
?
>> A GREAT QUESTION , THEY BOTH DO.
FOR PREISDENT TRUMP IT IS A HUGE DOMESTIC POLITICAL PROBLEM AND A ECONOMIC ONE BECAUSE OF THE WAY IN WHICH THE WORLD RELIES ON THIS.
FOR CHINA IT IS A KEY WATERWAY FOR THEM TO GET OIL AND GAS INTO THE COUNTRY.
BOTH LEADERS HAVE YOU TO PUT CONSTITUENCIES THAT THEY NEED TO GET REOPENED AND FOR PREISDENT TRUMP IT IS A CONFLICT THAT'S DRAGGING HIM DOWN POLITICALLY WITH HIS OWN BASE AND WITH THE REST OF THE COUNTRY BUT IT IS ALSO DISTRACTING HIM FROM OTHER THINGS HE WANTS TO DO AS I'M SURE WE WILL TALK ABOUT CUBA AND OTHER FOREIGN POLICY OBJECTIVES THE PRESIDENT HAS THE MILITARY IS HEAVILY TIED UP IN THE MIDDLE EAST WHICH IS CONSTRAINING HIS ABILITY TO DO OTHER THINGS.
>> LET'S TALK ABOUT TARIFFS WHICH I ASSUME ARE A COMPONENT OF THE BAD INFLATION NUMBERS WE JUST GOT WHICH MEANS THE FED WILL NOT LOWER INTEREST RATES LIKE HE WANTS.
PART OF THE TARIFFS ARE CHINA.
UP TO 30 OR 40% TARIFFS WITH CHINA.
THE GOING TO TRY TO LOWER IT AT THE SUMMIT?
>> THAT IS A HUGE AGENDA ITEM FOR THE CHINESE AND SOMETHING THAT WILL BE DISCUSSED.
THE PRESIDENT PUT TARIFFS ON FROM THE FIRST TERM AND PRESIDENT BIDEN CONTINUED THEM.
SO WHAT THE MINDSET IS, HE WANTS TO >>> A NEW DEAL HE SAYS THE U.S.
HAD BEEN RIPPED OFF BY CHINA FOR YEARS.
ONE OF THE DELIVERABLES WE COULD SEE FROM THE SUMMIT WITH SOME REALLY REPORTING IS INCREASED ECONOMIC INVESTMENT AND ECONOMIC PARTNERSHIP BETWEEN THE U.S.
AND CHINA AND PRIVATE COMPANIES.
THERE IS A LONG LIST OF HIGH PROFILE CEOS AS PART OF THE U.S.
DELEGATION SO I THINK THAT IS ONE AREA WHERE WE COULD SEE PROGRESS IN TERMS OF TRADE DEALS LOWERING OF THE BARRIERS BUT AS ALWAYS WITH PREISDENT TRUMP ON THE WORLD STAGE HE IS UNPREDICTABLE SO WE WILL WAIT AND SEE WHAT SORT OF DEALS ARE IRONED OUT AND IF THEY ARE MEMORANDUMS OF UNDERSTANDING OR THE BEGINNING OF NEGOTIATIONS WITH A FINAL CONCLUSION OF NEGOTIATIONS WITH RAGE REAL TRADE DEALS ANNOUNCED.
OFTENTIMES THE RHETORIC OF SKIERS THE REAL DEAL.
>> YOU JUST TALKED ABOUT THE CEOS TRAVELING A WHOLE BUNCH OF THEM.
YOU WROTE IN THE NEW YORK TIMES IT WAS A LONG LIST OF TIM COOK, ELON MUSK AND OTHERS.
WHY IS HE TAKING OVER ALL OF THESE CEOS AND WHAT DOES HE PLAN TO ANNOUNCE WITH THEM?
>> WE ARE WAITING TO HEAR WHAT IS GOING TO BE ANNOUNCED AS PART OF THE TRIP, OFTENTIMES WE GET THE INFORMATION JUST BEFORE IT IS ANNOUNCED OR WHEN HE ANNOUNCES HIMSELF BUT IT IS CLEAR THE TRUMP ADMINISTRATION WANTS TO INCREASE FOREIGN INVESTMENT IN THE UNITED STATES, TRUMP HAS BEEN CLEAR HE WANTS FOREIGN COMPANIES TO BUILD FACTORIES AND MOVE MANUFACTURING BACK INTO THE UNITED STATES HOW PLAUSIBLE THAT IS IS UP FOR DEBATE BUT IT IS CLEAR THESE HIGH PROFILE CEOS GOING TO CHINA AS PART OF THE EFFORT TO INCREASE INVESTMENT IN THE UNITED STATES.
IT HAS BEEN A HUGE TALKING POINT OF THE PRESIDENT.
YOU OFTEN HEAR THEM SAY THE UNITED STATES HAS NEVER BEEN THIS HOT EVERYONE WANTS TO INVEST AND COUNTRIES FOR AND REALIZE THERE'S THAT'S A WAY TO GET ON THE GOOD SET OF TRUMP BY ANNOUNCING INVESTMENT DEALS IN THE U.S.
BUT THAT IS DIFFERENT WITH CHINA AND ARE PROMINENT CONSERVATIVES AND REPUBLICANS RAISING CONCERN AND ALARM ABOUT CHINESE FOREIGN INVESTMENT IN THE UNITED STATES THIS IS SOMETHING TRUMP AND OTHER REPUBLICANS HAVE TALKED TOUGH ON LIMITING CHINESE ACCESS TO U.S.
MARKETS AND THIS IS A SHIFT IN POLICY IF TRUMP ALLOWS INCREASED OR REALLY ROBUST CHINESE INVESTMENT SO IT IS UNCLEAR WHAT WILL BE ANNOUNCED BUT THE MURMURS OF INCREASED CHINESE INVESTMENT IS RAISING ALARM AMONG A BIPARTISAN GROUP OF EXPERTS, LAWMAKERS HERE IN THE U.S.
>> LET ME DRILL DOWN ON A SPECIFIC TYPE OF CHINESE INVESTMENT WHICH IS THE ONES THAT INVOLVE NATIONAL SECURITY RESTRICTIONS.
A LOT OF THE CHINA HAWKS IN THE ADMINISTRATION WANT RESTRICTIONS.
MY TO TRUMP LIVE THOSE NATIONAL SECURITY RESTRICTIONS?
>> WE HAVE SEEN HIM TOYED WITH THAT AND THAT IS A CONCERN OF NATIONAL SECURITY PROFESSIONALS AND CHINA HAWKS.
ONE OF THE THINGS TO REMEMBER IS HIS RHETORIC ABOUT CHINA WE HAVE SEEN ON THE CAMPAIGN TRAIL HAS NOT ALWAYS MATCHED HIS POLICY APPROACH FOR TRUMP WHAT MATTERS IS CUTTING DEALS.
HE HAS USED ANTI-CHINA RHETORIC IN PART TO TRY TO CREATE OPPORTUNITIES TO STRIKE WHAT HE THINKS ARE BETTER DEALS WHEN IT SO THERE'S GREAT TREPIDATION WITHIN SOME TRUMP ALLIES THAT HE WILL LIFT RESTRICTIONS AS YOU OUTLINED AS PART OF THE NEGOTIATING PROCESS.
AGAIN IT WILL DEPEND ON EXACTLY WHAT HE ANNOUNCES AND SAYS BUT THE RELATIONSHIP WITH CHINA AND THE UNITED STATES IS SO BASED ON RHETORIC PARTICULARLY AS IT RELATES TO TAIWAN AND THE STATUS QUO OF HOW THE U.S.
TALKS AND RECOGNIZES TAIWAN THAT EVEN A SLIGHT RHETORICAL SHIFT COULD CHANGE POLICY IS A TRUMPET GOES OFF SCRIPT OFF-THE- CUFF EVEN IN HIS OWN ADMINISTRATION THAT ARE PROCEEDING CAUTIOUSLY AS THEY WAIT TO SEE WHAT HE WILL SAY.
>> I DON'T UNDERSTAND ABOUT TRUMP SEEMS LIKE THE SIMPLE THING IS DOES HE WANT MORE TRADE WITH CHINA OR DOES HE WANT VICE PRESIDENT VANCE THAT ONCE LESS TRADE WITH CHINA IT DEPENDS ON THE POLITICAL CIRCUMSTANCES AND CLIENT HE IS EXISTING IN WITH THE BROADER ECONOMIC CONDITIONS THE PRESIDENT HAS MADE CLEAR HE CAN SEE ALL OF THESE OTHER COUNTRIES INVESTING IN THE UNITED STATES AND TRADING WITH THE UNITED STATES AS A POSITIVE THING TRUMP DOES NOT SEEM TO SHARE CONCERNS THE VICE PRESIDENT AND OTHERS DO AT LEAST PUBLICLY.
ONE OF THE STRIKING THINGS ABOUT THE TRUMP RELATIONSHIP WITH CHINA HE SAYS I HAVE A GREAT RELATIONSHIP WITH XI JINPING.
THAT'S VERY DIFFERENT RHETORIC FROM WHAT WE SAW FROM THE PRESIDENT ON THE CAMPAIGN TRAIL IN 2016, IN 2020 AND 2024 WHEN HE RAILED AGAINST CHINA AS HE PAINTED A THREAT TO AMERICAN ECONOMY AND LIVELIHOOD BUT THAT'S NOT ALWAYS THE POLICY APPROACH HE HAS TAKEN BUT IN PART IS A DIFFICULT PART OF THE QUESTION BECAUSE THE TRUMP POSTURE >> SUPPORTERS WOULD SAY PREISDENT TRUMP IS NOT PERFECT YET PERFECTLY CALIBRATING NUANCES OF WHAT HE SAYS, SOMETIMES HE JUST SAYS THINGS WITHOUT FILTERING THEM.
WHAT ARE YOU WORRIED ABOUT OR WHAT ARE THEY WORRIED ABOUT WHEN IT COMES TO DESCRIBING ISSUES LIKE WE WILL NOT ORDER WILL SUPPORT TAIWAN INDEPENDENCE.
>> THERE ARE CONCERNS WITHIN THE INTELLIGENCE COMMUNITY , LAWMAKERS ON CAPITOL HILL , DIPLOMATS AROUND THE WORLD WHO ARE FEARFUL THE STATUS QUO ABOUT THE WAY IN WHICH THE U.S.
INTERACTS WITH CHINA AS IT PERTAINS TO TAIWAN IF IT WILL SHIFT BECAUSE IT'S LARGELY BASED ON STATUS QUO, BASED ON PRECEDENT AND PUBLIC STATEMENTS THAT HAVE BEEN MADE IN THE PAST.
CARE ABOUT PRECEDENT.
SO IF HE SHARES THE COULD YOU POLICY TOWARD BEING MORE LENIENT TOWARD CHINA'S POSITION ON TAIWAN CHINA WANTS TO REUNIFY WITH TAIWAN AND TAKE CONTROL.
IT WILL BE VERY INTERESTING TO SEE HOW PREISDENT TRUMP HANDLES XI JINPING ON THE ISSUE.
>> EXPLAIN MORE LENIENT DOES THAT MEAN WE MIGHT SLOW DOWN ARMS SALES?
>> THAT'S UNCLEAR PEOPLE BIPARTISAN GROUP OF LAWMAKERS ON CAPITOL HILL ARE TRYING , THEY ARE TRYING TO MAKE CLEAR THE COULD YOU POSITION ON TAIWAN THROUGH CONGRESSIONAL LEGISLATION AND RESOLUTION.
IT IS UNCLEAR WHAT TRUMP IS GOING TO SAY AND ANY SHIFT IN RHETORIC , BECAUSE THE WORDS ARE IT PERTAINS TO THE POSITION ON TAIWAN AND THE DIFFERENCE BETWEEN THE COULD YOU POSITION ON TAIWAN AND CHINA POSITION ON TAIWAN IF TRUMP IS NOT CAREFUL WITH HIS LANGUAGE DIPLOMATS HAVE RAISED CHINA COULD INTERPRET THAT AS A CHANGE IN POLICY ON TAIWAN.
>> DO YOU THINK HE COULD MAKE A CONSCIOUS TRADE-OFF DECISION TO BE MORE LENIENT ON TAIWAN AS YOU PUT IT IN RETURN FOR HELPING TO OPEN THE STRAIT OF HORMUZ?
>> I'M NOT WARY OF ANY PREDICTIONS WHEN IT COMES TO DONALD TRUMP'S POLICY ABLE SAY THAT IS A CONCERN OF PEOPLE I HAVE SPOKEN TO IN RECENT DAYS AHEAD OF THIS.
YOU MENTIONED EARLIER IN THE CONVERSATION YOU MIGHT WANT TO MOVE ON TO OTHER THINGS HE HAS MIRED IN IRAN HE IS EYEING CUBA EVERY NOW AND THEN, WHAT HAPPENED IN VENEZUELA EMBOLDENED HIM ON CUBA BUT GAVE HIM PAUSE.
WHAT DO YOU THINK HIS THINKING ON CUBA IS NOW?
>> I AGREE WITH YOU OPERATION IN VENEZUELA EMBOLDENED THE PRESIDENT TO GO AHEAD WITH THE ATTACK ON IRAN.
THERE WERE OTHER FACTORS THAT PLAYED A ROLE BUT THE MILITARY SUCCESS AND SPEED FOR WHICH THEY WERE ABLE TO CAPTURE AND START WORKING WITH THE INTERIM GOVERNMENT ABSOLUTELY SET THE TONE FOR THE PRESIDENT TO ENGAGE IN OTHER MILITARY ACTION AROUND THE WORLD.
CUBA IS A PLACE TRUMP WANTS TO EXERT POWER AND CONTROL OVER.
THEY HAVE BEEN SLOW IN THE ABILITY TO DO SO BECAUSE OF THE MILITARY BUILDUP AND COMMITMENT IN THE MIDDLE EAST BUT THE PRESIDENT HAS HAD RECENTLY CUBA IS GOING TO FALL, THE REGIME IS GOING TO COLLAPSE AND HE WANTS TO EXPEDITE THAT.
WE KNOW HE HAS BEEN FRUSTRATED THE PRESSURE CAMPAIGN AND THE CONTRABAND HAS BEEN BUILDING UP AGAINST CUBA AND IS NOT LED 24 COLLAPSE YET.
THE TIMING OF WHEN WE SEE MORE PRESSURE EXERTED ON CUBA IS UNCLEAR BUT WHAT IS CLEAR IS THE PRESENT IS COMMITTED TO EXERTING MORE PRESSURE ON THE REGIME AND TRYING TO FORCE IT COLLAPSE BUT THE SEQUENCING HAS BEEN IN PART DELAYED BECAUSE OF THE LENGTHY MILITARY CONFLICT WITH IRAN.
>> DO YOU THINK THE SECRETARY OF STATE MARCO RUBIO WHO YOU HAVE COVERED QUITE A BIT IS HAWKISH ON CUBA AND IS PUSHING THIS?
>> RUBIO HAS MADE CLEAR VIEWS ON CUBA OVER THE YEARS AND THIS IS SOMETHING IS PUSHING FOR AND BELIEVES STRONGLY IN.
>> I HAVE ENJOYED YOUR COVERAGE OF SECRETARY OF STATE MARCO RUBIO AND YOU TRAVELED WITH VICE PRESIDENT VANCE ON THE PAKISTAN MISSIONS IS THAT RIGHT?
DO A COMPARE AND CONTRAST OF WHAT RUBIO AND VANCE ARE DOING ESPECIALLY WHEN IT COMES TO IRAN.
>> IT REALLY INTERESTING SPLIT SCREEN I WAS ON AIR FORCE 2 WITH VICE PRESIDENT JD VANCE WHEN HE WENT TO PAKISTAN FOR THE IN PERSON ROUND OF NEGOTIATIONS MEDIATED BY PAKISTAN WITH IRAN.
JD VANCE WAS SORT OF THE FACE OF THE NEGOTIATIONS.
LEADING THE DELEGATION.
WITH A SPECIAL ENVOY AND THE PRESIDENT'S SON-IN-LAW.
IT IS A CONTRAST BECAUSE RUBIO HAS LARGELY BEEN FOCUSED ON VENEZUELA, SOUTH AND CENTRAL AMERICA AND RUBIO HAS EMERGED AS SOMEONE WHO HAS BEEN MORE ASSOCIATED WITH WHAT TRUMP HAS SEEN AS THE FOREIGN POLICY SUCCESS OF HIS SECOND TERM, TRUMP IS PROUD OF THE MILITARY OPERATION IN VENEZUELA, WITH THE CAPTURE AND THE WORKING RELATIONSHIP OF RODRIGUEZ WHICH HAS BEEN MARCO RUBIO'S , JD VANCE WAS OPPOSED TO GOING TO WAR WITH IRAN.
HE EXPRESSED CONCERNS IN SITUATION ROOM MEETINGS WITH THE PRESIDENT AND SENIOR ADVISERS ABOUT MOVING FORWARD WITH MILITARY CONFLICT AND HE WAS TASKED WITH TRYING TO STRIKE AN AGREEMENT WITH IRAN TO END THE WAR.
OBVIOUSLY THE AGREEMENT HAS BEEN ELUSIVE SO THE TWO OF THEM HAVE BEEN THE FACES IN SOME WAYS OF THE KEY MILITARY OPERATIONS OF THE PRESIDENT'S SECOND TERM EVEN THOUGH THEY DO NOT AUTHORIZE THOSE MISSIONS THEY HAVE SORT OF BECOME THE LEAD, THE LEAD ADMINISTRATION OFFICIALS THE MOST HIGH-PROFILE ADMINISTRATIONS HANDLING THOSE.
IT HAS BEEN A SPLIT SCREEN INTO WHICH ONE TRUMP SEES MORE AS THE OTHER, IT JD VANCE'S WORK IN PAKISTAN IS SOMEWHAT BOUND BY THE PRESIDENT'S INSISTENCE ON WHAT A DEAL WITH IRAN WOULD LOOK LIKE SO IT IS NOT FULLY ON HIM TO NEGOTIATE A DEAL ON HIS OWN BECAUSE HE IS DOING IT AT THE DIRECTION OF THE PRESIDENT.
BUT IT HAS BEEN A MOMENT OF MEDICAL SETBACK FOR JD VANCE AS HE EMERGED AS THE FACE OF A NEGOTIATING TEAM THAT IS SO FAR BEEN ABLE TO STRIKE A DEAL WITH IRAN.
>> LET ME READ YOU A HEADLINE.
IT IS THE TRUMP ULTIMATUM TO IRAN ALMOST UP THEN HE FOUND A OFFRAMP, SOMETIMES TRUMPET CHICKENS OUT AS HE MAKES THESE EXTREME THINGS AND THEN HAS TO WALK THEM BACK.
IS IT POSSIBLE HE WOULD SCALE BACK HIS DEMAND TO SIMPLY OPEN THE STRAIT OF HORMUZ AND DECLARE VICTORY?
>> NEVER PUT ANYTHING OFF THE TABLE OR RULE ANYTHING OUT WITH PREISDENT TRUMP.
OFFER IN RECENT WEEKS SAYING LET'S REOPEN THE STRAIT OF HORMUZ AND KICK THE CAN DOWN THE ROAD IN TERMS OF NUCLEAR NEGOTIATIONS.
TRUMP HAS SO FAR REJECTED THE OFFER.
COULD THINGS CHANGE?
ABSOLUTELY.
WE HAVE NOT SEEN THEM YET, BUT AFTER THE CHINA TRIP THERE WILL BE A MOMENT OF RECKONING IF THE STRAIT OF HORMUZ DOES NOT REOPEN AND THERE IS NOT SOME NEGOTIATED SETTLEMENT TRUMP WILL HAVE TO MAKE A DECISION ABOUT WHETHER OR NOT HE WILL RESUME MILITARY ACTIVITY OR FIND THE OFFRAMP AND END THE CONFLICT.
>> TYLER PEDRO THANK YOU SO MUCH FOR JOINING US.
>> FINALLY FOR US, A RARE SAFE HAVEN FOR BABY BONOBOS THE NURSERY ON THE OUTSKIRTS OF THE CAPITOL OF CONGO IS HOME TO 11 EACH OF THEM CRADLED, FED AND CARED FOR BY THE HUMAN FOSTER MOTHERS OVER 5 YEARS, THEY HAVE BEEN RESCUED FROM POACHERS ARE FOUND TRAPPED IN THE HOMES OF LOCALS AND ALTHOUGH THEY ARE LEGALLY PROTECTED FROM HUNTERS THE POPULATION OF THE ENDANGERED SPECIES HAS DROPPED SIGNIFICANTLY WITH ONLY ABOUT 20,000 LEFT IN THE WILD TODAY.
NOW SO AS THE WORLD'S ONLY BONOBOS SANCTUARY THE NURSERY IS DOING AMAZING WORK TO HELP THESE ANIMALS UP RIGHT.
THAT IS IT FOR THE PROGRAM TONIGHT TO FIND OUT WHAT'S COMING UP EACH NIGHT TO SIGN UP FOR THE NEWSLETTER AT WHAT'S COMING UP EACH NIGHT TO SIGN UP FOR THE NEWSLETTER@PBS.ORG/TRAN10.
THANK YOU WATCHING AMANPOUR AND COMPANY, JOIN US AGAIN TOMORROW NIGHT.