what does it mean when you have the u.s. and u.s. and allies and partners and china or another country kind of operating off of different claudette -- how should the u.s. be responding if it looks like we are fragmenting in the area of ethics? >> wow. a i will reveal my ethical shortcomings, just because not just in a bilateral sensory multilateral sense. i won't fall back on where i started in my initial comments. we've got to get the house in order here on questions like that. where are the limits that we will encounter? that has to be informed by conversations. they will be pulled in different directions, and i think there is a role claudette thin these confines to have these discussions. it's clear where the discussion ends. once we've done that, i think there is, and this is based on conversation and other areas with traditional allies and partners, i think there's prospect for a perfect alignment. maybe if the conversation of this is where we are with regard to access to our ecosystem, our markets, the ethical limits that we've

which u.s. objectives are impacted by a particular activity and does that activity advance or hinder u.s. objectives. that's step two. at this point, one should evaluate restrictions. what's the likelihood that you could get others to go along should the united states move in the direction of restricting an activity. any efforts to restrict an activity should also be consistent with rule of law. something we can't lose sight of in looking to either endorse or restrict certain activities. those are the four basic components to the frame work. the report itself has key findings that are general across all sectors and then a few that are specific to the case studies that we looked at. risk assessment and u.s. objectives and whether or not they are advanced by a particular activity. one take away is they are subjective. they can be educated but they are very subjective. i think there needs to be an appreciation of that going in. that there are different perspectives on an activity and that influence

a u.s. official called the zurich discussions more substantive than previous meetings between the biden administration and beijing. democrats in the u.s. meanwhile had signaled that they will accept senate republican leader mitch mcconnell's offer to raise the u.s. debt ceiling into december. the deal would alleviate the immediate risk of a government default, but raises the prospect of yet another political fight near the end of the year. mcconnell said the senate vote could be possible. the ecb said to be studying a new bond buying program to prevent any market turmoil when emergency purchases are phased out next year. the plan would replace the existing crisis tool and complement an older open ended qe scheme that is acquiring $200 billion in debt every month. an ecb spokesperson declined to comment on the report. during china's golden week, national vacation is down by about one third on pre-pandemic levels. this has measures to contain coronavirus outbreaks are weighing on tourism and s

that u.s. is not that new. the u.s. came at the same time as revolutions across europe, trying to cast off emperors and kings. you have the french revolution. immigrants were looking for a better life in which we the people would be able to play a role in our society. we are throwing that way. we are enthralled to political parties that do not necessarily have our interests in mind. they're not making changes in the way that we are hoping and are in -- we are in real danger of putting everything in the hands of one person, which is the reason we had a revolution in the first place. i am basically hoping people will take a long look at what is happening. to emphasize all of the ideas of who you are and just think about the u.s. and who you want to be and the future that we want for our children and for ourselves. this is the way to get it by focusing on one person and who is that person -- is this the way to get it? our local communities, our states, there is a lot of prospects we have being agents of change. host: 10 mi

the u.s. is leading nations to advocate for better secure supply chains. this overlays to the discussion today. i hope there will be many new countries for the cooperation on cybercrime and law enforcement collaboration. besides this important development, closer cooperation on cybersecurity of critical infrastructure between the eu and u.s. is very much needed now. i will concentrate on four possible dimensions of such collaboration. first is the eu and u.s. level. then the ce and u.s. level. then the collaboration level. last, multilateral. starting with the eu, the eu and u.s. have already spoken there position on the same special recognition of critical infrastructure and also the history of cybersecurity cooperation. this collaboration is not yet effective and practical. we need to develop systemic cooperation between eu countries within the u.s. government on this particular topic. maybe, development with ed fraud -- within fraud between the u.s., india, japan, and australia. these four

u.s. military equipment for the u.s. we removed or demilitarized, made it inoperable.ad equipment the afghan nationals to get a forces equipment provided by the united states you might be thinking emission or guns or low level security force assistance was provided to the afghan military and m secury forces that was the property of government of afghanistan so that is a separate category. i dod empathize there's not advanceded equipment in the latr category. what americans think as advanced equipment is on the side of what the united states either removed or demilitarized it we've been asked by congress for a full accounting of all that and we are prepared to provide that. they came up just earlier this week in the hearings and we are moving forward to provide that information. >> you are not worried about sensitive secret technology falling into the hands of terrorists or china or russia? >> i'm not worried -- the united states u.s. military forces and others have done a very good job securing material and communication

they are using u.s. military facilities, for instance, in the middle east and in europe to help facilitate the flow of those folks. but d.o.d. is really just in support in that case. and what you're seeing, again, is more of a -- an ability, both to bring folks through the state department process for providing documentation, securing -- ensuring that the documentation is accurate. you have a d.h.s.-led process on vetting and review to ensure that the right people are coming out. and then d.o.d. is providing some of the backdrop. we're not the ones lifting out. the other major thing i would flag is the standing up of the commercial side of the kabul airport. and that's an effort under way. that third countries are working with the state department to try to get that airport up and operational. and that, again, if you combine the ability for commercial aircraft to come through and move without coming to u.s. military facilities, for instance, just going through commercial air traffic, and the ability of t

u.s.-china economic competition. it's great to have, we're constrained by this virtual world of course but it's great to be able to pull in people from not only washington but from around the country and around the world. we're delighted to have you with us, an important topic. we're really here to roll out the reason initially we came was to roll out a report that one of my colleagues, stephanie see tbal, has just -- seagal, just produced, called degrees of separation, the subtitle a targeted approach to u.s.-china decuming. i'll introduce stephanie in a second, she'll introduce the report, she's been working on it for the last 8 months or so. it's a terrific contribution to the conversation about this charged topic of u.s.-china economic cooperation. i want to thank, before we start, the smith-richardson founding a. the smith-richardson foundation has been a generous supporter of the csis and our programs particularly. without them we couldn't do what wedo. i'm going to just turn to this

the u.s. case against him is basis, and she says the u.s. cannot guarantee the wikileaks founder will not be a suicide risk if he is extradited to face charges. covid figures on the rise. the who warns about the rates of infection as countries with no access to vaccine way more and more heavily on the world health system. -- weigh more and more heavily on the world health system. thank you for being with us. the route between france and the u.k. over fishing rights is interestingly, calls on the u.k. government to defend the she hae summoning of the french president r talks morrow and -- to discuss the disproportionate threats made to the u.k. the satellite officer will be making her way to the office tomorrow afternoon, no doubt listening to the british complaints and then presumably restating the french position. mark: the minister for european france already stating he is concerned the action is necessary. i know it is hard to predict what is next, but you have a feel as to what might happe

u.s. stocks rise as progress on debt talks and concern over the global energy crunchies. >> the u.s. senate get set to vote on a short-term deal. shery: china valves to continue cracking down. it says it will do whatever necessary to curb the behavior. we are seeing u.s. futures muted at the open. the s&p gained for the third consecutive session. the rally fading a little bit throughout the session after we heard news that china plans to tighten supervision over technology. the 10 year yield continued to gain ground. oil rebounding from losses. the u.s. energy department it has no plans to tap oil reserves. we continue to see the rally in commodities with oil up 15% since mid august. we also saw a rally in chinese abr. the golden dragon index gaining ground for the third session. switch out the board and you can see that it has seen the biggest jump since august after hitting the 17 month low on monday. this after the report that -- a little optimism given that we may see the potential joe

u.s.-china engagement. i think having that sort of insight from how this issue looks from capitol hill and in particular, from someone who is sitting at one of the key committees that's looking at this issue in house financial services, really valuable and a perfect segway for us now into the panel discussion and a bit more granularity as far as what is in the report, we have a great set of panelists that can help us kind of dissect a little bit more our detailed research. if i could just take five minutes or so and give you kind of the headline messages from the report itself, and then we'll dig into the details with our panelists. as matt mentioned, this report, degrees of separation, is an effort that was launched in the spring of 2020. we divided the project up into two distinct pieces. the first piece was a historical piece, resulted in a report that we issued in february of this year, and that really looked back to the late 1970's, and the normalization of relations between the u.s.

any u.s. policies that undercut america's competitive edge and embolden china could pose serious risk to our economy and national security, leading to slow innovation. the bottom line to me is we should embrace china's entrance for the reason that julian mentioned, we don't want them to go off. we ought to learn lessons with our wto experience, where they take advantage of the good things and do not observe the rules of the rest of us observe. but we have to work to make sure americans are the best engineers, the most innovative, and in a position to be adopted by these standards developing bodies. standard setting is one piece of our larger competition with china. but it will play a key role, i think, that ultimately assumes -- their goal is to assume global technological dominance. we have to understand that goal. i don't think that means pushing out, but bringing them in. because we believe we have the best products. we ought to be willing to compete but on a fair playing field. >> i would

u.s. supporting -- supreme court has said that is just fine. you can make these kinds of stops, and it does not matter that that is not really what you are interested in, and i think what has to change is that the very nature of leasing -- policing has to change. that will should be taken out. police should be used to prevent crimes. traffic stops are a problem because they disproportionately focus on people of color. announcer: sunday night at 8:00 p.m. eastern on q&a. you can listen to q&a and all of our podcasts on our new c-span app. >> next, a discussion about u.s.-china economic competition hosted by the center for strategic and international studies. it's an hour and a half. matthew: good morning from washington. i'm delighted to welcome you to this event on u.s.-china economic competition. it's great to have, we're constrained by this virtual world of course but it's great to be able to pull in people from not only washington but from around the country and around the world. we're

his been published in the u.s. a majority of readers will be people who live in the u.s. so what i want to do, what i wanted to do with the title and with this book as a whole is to nudge them into seeing not just cuba differently the idea is if you look at the u.s. from the outside if you look at it from cuba which has the strange entangled with the u.s., the u.s. it's different than what many americans assume it looks like. this book is a history of cuba that also serves as a mirror into the united states that is the idea. >> i think it's part of the underlying theme of the book and a lot of ways. it also reclaims america for the americas. that's a good point of explaining in that introduction. which kind of brings me too my second question. repeatedly you'd write the history that we know. there is a shadow history a lot of us don't know. this was a pattern throughout the book sense the voices have not been heard there so many beautiful quotes i had to stop writing them down. early in the book is a history has lived in opposition far richer and more human than the mix.

u.s.-china economic competition hosted by the center for strategic and international studies. it's an hour and a half. matthew: good morning from washington. i'm delighted to welcome you to this event on u.s.-china economic competition. it's great to have, we're constrained by this virtual world of course but it's great to be able to pull in people from not only washington but from around the country and around the world. we're delighted to have you with us, an important topic. we're really here to roll out the reason initially we came was to roll out a report that one of my colleagues, stephanie see tbal, has just -- seagal, just produced, called degrees of separation, the subtitle a targeted approach to u.s.-china decuming. i'll introduce stephanie in a second, she'll introduce the report, she's been working on it for the last 8 months or so. it's a terrific contribution to the conversation about this charged topic of u.s.-china economic cooperation. i want to thank, before we start, the

u.s. war crimes. he faces life in prison here. we will get the latest with british writer and activist tariq ali. >> he should never have been kept in prison awaiting a trial for extradition. you should be released. amy: we will also speak with tariq ali about his new book "the forty-year war in afghanistan: a chronicle foretold." then to the pandemic. wealthy countries have received 16 times mark of a 19 vaccines per person than poorer nations. >> the only way to get to immunity is to vaccinate the world. amy: we will speak to dr. monica gandhi who says she will not receive a booster as a health care worker because of the global vaccine inequity. we will also look at the eminent rollout of vaccines for children as young as five in the united states. all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. president biden is announcing a revised framework for his social spending plan today that he expects will gain the support of

so, the u.s. position right now, they need to see some progress from iran if there's any hope of resurrecting this deal. in fact, and this will be subject of discussion today too, it's equally like, maybe even more likely that the u.s. is ramping up diagnosises discussi iran. as opposed to tamping them down. and just last week, the subject of iran's drone program. the progress possibly in the nuclear program might be the more likely yutoutcome from thi. >> did the control, kaitlan, undermine the president's ability to deal on a sensitive issue with iran with allies? >> what's so interesting talks with leaders last night they didn't think afghanistan came up during that meeting which is fascinating to me because it has raised a lot of concerns between the european allies, especially they had no choice but to follow suit with the american withdrawal. they thought it happened quickly, of course, it was chaotic and deadly and nobody was happy with how that went down so it raises questions about other

there is no u.s. presence in afghanistan and international development will have to navigate a maze of legal challenges, sanctions, and unsavory actors. a luft discussion has been how a lack of u.s. presence on the ground will require the military to conduct, quote, over the horizon air strikes against military targets, often with uncertain intelligence. we'll need to certainly adapt to a word of over the horizon development, relying on other trusted partners to avoid a humanitarian catastrophe in afghanistan. this is an entirely different set of challenges that we face. we cannot course correct anymore, but we can apply the lessons learned to development work in other conflict zones whether it's somalia, syria, libya, or the sahel. the challenges may not be at the same scale as afghanistan, but there are real commonalities that these experiences can inform. the united states government also has a critical tool to do development in conflict zones. the global fragility act, bipartisan legislation that

let's stick with that u.s. picture. u.s. inflation coming in harder than expected, underscoring the perspective of price pressures. a tapering of bond purchases from mid-november. let's bring in our bloomberg opinion columnist. i know you m&s might have a difference of opinion but i won't wait into that water. is transitory still the best way to describe inflation, given what we saw in the cpi data yesterday? >> i'm struggling to think of a better word. they don't want to go back to contained. that became a tainted word in the aftermath of 2008. atlanta fed president says it's a swearword and they have to put money in a jar every time the term is used. that will be the first question jay powell is asking after the november fomc meeting. they will have to come up with another word. i would love to be a fly on the wall in the division of monetary affairs at the fed building in washington. they are the focus on what to say. they are going through their thesaurus. maybe even now. manus: bill gross says we will see 2% in bond yie

the u.s. military's 20 year mission in afghanistan. understand factors that led to the taliban a rapid takeover of the country on its last day of forces, oversee dod operations before the fat-- afghan evacuees and operations in light of emergency threats. joining us today are doctor collins, under secretary of defense for policy lieutenant general james mingus director for operation joint staff. thank you both for being here appear i know there may be a tendency to focus on our final months in afghanistan and i was stressed that our withdrawal was somewhere in the event surrounding did not happen in a vacuum. a path that led to-- years of mistakes primary catastrophic pivot to iraq or our failure to grapple with support for the taliban. this is not a democratic or republican problem, these failures have manifested over four presidential administrations with both parties and our willingness to recognize and correct-- one fundamental question that requires close examination is how did the decade

u.s. cpi prints above 5% once again. earnings season ramps up. banks report today. midnight dismissals. the lira slides to another record low after president erdogan fired three central bankers overnight. welcome to the program. this is the european market open. it is just on 7:00 a.m. in london. mark, i wonder what the markets are saying to you. good morning. mark: good morning. it has been a quietly positive session in asia. we can't move beyond the inflation debate at the moment. we had inflation data out of china. it is not feeding through to the consumer. we are getting a lot of nuance. basically every single different kind of divergent interpretation is getting its airtime at the moment and people are swinging back about which type they are in. look at what is happening in the commodity prices. anna: stagflation light is something we will also feature. interesting, a bloomberg analysis, the number of times supply chains are mentioned on the call. let's get back to the start of the eu

u.s. at last check, 1.58%. yields are pushing higher as well. futures are pointing up, and the reason you are seeing some of these black tiles here, reopening fame on the mainland. at least as far as today is concerned, things like copper up 8%, and we are talking about the pboc reopening, as i just mentioned. yvonne: you mentioned copper. palm oil futures, those are just glaring at the moment, given the energy crunch we are seeing, but also when it comes to the weather, bad weather is harming cotton. you take a look at the benchmarks, and it looks like pretty good reopening. we are of more than 1%. it is energy, it is tech leading the gains. also when it comes to the energy index, jumping from 3% at the get go. you take a look at some of these names, these are some of the big winners for the day today. david: frankly, it is a simple question. if you cannot borrow money -- borrowing costs, we have been waiting for this because the mainland market has been closed. there is still no sons des

but their relationship between the u.s. and its allies, between china and the u.s. and russia, had [inaudible] . that this was no longer possible for the united states to be so omnipotent and so powerful. and that really was the situation. in the particular meeting i wrote about, they realize that on the economic side, that the dollar was [inaudible] . and also that other countries needed to open their markets in a much more expansive way. so i think one kind of similarity here -- i think we are coming to an end of an era for now. you know, over the last several decades, the u.s. has really had seen more and more power. not necessarily leadership. but you have -- you need the cooperation of more and more countries, more than you ever did before. i think that's true. you are right in the middle, richard, of the global financial crisis in 2000 date. with the pandemic. as well with climate change. it's almost no big problem, the need for stronger alliances, stronger cooperation, even with countries we don't care for, that's really important. but i think we are entering

the u.s. reluctant to recognize taliban rule. as millions of afghans face poverty and chaos, many fleeing. we have a special report on the refugees crossing the border into iran hoping to reach turkey. >> the journey is full of risk, but some afghans feel this is their be hope. >> u.k. lawmakers release a report on their governments early response to the pandemic, calling it one of the worst public health failures in britain's history. it is a rumor the pew are camping in churches. it has become the latest vacation trend. >> welcome to world news america on pbs and around the globe. afghanistan is in crisis. two months after the taliban seized control, the country is on the edge of economic collapse. nearly 40 million people face poverty and hunger as winter approaches. the g20 group of wealthy nations met to fige out how to help the afghan people. the european commission president announced in eu support package for afghanistan worth more than $1 billion the german chancellor, angela merkel,

shery: the u.s. secretary of labor says the september payrolls report shows the continued strain on employment on the covid 19 pandemic. he cited concerns of the delta variant and people changing some of the reasons for the week job numbers. he spoke to bloomberg's jonathan ferro. >> it's about the pandemic. this is not just an american issue, it's a worldwide issue. we clearly have more work to do. people are concerned about the delta variant and their health. for valerio evaluating their work/life balance and changing careers. i would love to see more and higher numbers. this is a very complex report. we looked at areas like the hospitality industry were we had 74,000 jobs to gain. there is a correlation to not having more gains because of the delta variant. public education in those numbers are far lower than where anyone anticipated. i think that's what the forecast was hoping for. seeing a larger participation in the public sector and educational space. we are diving into that number now. jonath

and the u.s. celebrates columbus day, which means you got cash bond markets closed but futures trading with fairly good volume. cunning up, goldman sachs downgrades the forecast for the u.s. -- coming up, goldman sachs downgrades the forecast for the u.s.. and jane foley is back, up early. and later, inflation, energy markets and more. any questions for jane, pop them on the bloomberg. the inflation conundrum, coming up on bloomberg. ♪ manus: it is "daybreak: europe," i am manus cranny in dubai. goldman sachs has cut the u.s. growth forecast, downgrading growth by .1%. .1% for this year. .4% next year. the blame goes for the delayed recovery in consumer spending and the fiscal slowdown for the change. jane fully is the head of fx strategy at a bank. the size of the changes are not magnificent in themselves, not shattering in themselves. let's set the stage. a weaker than expected figure, a downgrade on the growth outlook, does it shake in any way the dollar narrative, leaning into taper? jane: i

u.s. futures fall slightly after friday's disappointing job forecast and oil continues to push higher. welcome, everyone. it has just gone 7:00 here in london. mark, good monday morning. what are the markets saying? mark: despite the fact that u.s. futures are weaker on the back of goldman sachs cutting growth forecast come in asia, it was a progrowth market. asian markets are higher led by china and japan. commodity prices are higher. a lot of focus on energy prices. and we are seeing yields higher. cash equity markets are closed because of columbus day but futures are falling lower with higher yields in that market. anna: a lot of people asking what they take away from the jobs report? with that in mind, let's have a look at where we are on the european future is. just to the upside. u.s. futures mixed. a slight downward bias to some of those. we are looking a little more positive. we do have some negativity coming through on the s&p. let's look at the u.s. futures. s&p and nasdaq, sligh

the u.s. economy, killing jobs and affecting millions of jobs, are we supposed to be nice to these folks? the country that is increasing emissions four times for every one ton we are reducing in the united states. madam chair, as the mad states lead the world in reducing emissions, the global community has increased tenfold for every time we have reduced. let me say that again. the strategy in europe is a great example and california is a great example. we can either follow strategies that work or continue to do what you all are trying to do, and manipulating technology, taking options away from innovators. at the end of the day resulting in higher emissions and higher prices. it is a flawed approach and it is irresponsible to continue in this direction. i yield back. >> without objection members who wish to enter opening statements of five business days to do so. we will hear from experts on the challenges and opportunities for international climate action as world leaders prepare together in

u.s. tech -- secretary of state tells bloomberg china must act responsibly in the ever grand crisis. we will hear from antony blinken. we are seeing u.s. futures muted at the open after we saw stocks rallying in the afternoon. the s&p 500 erasing one .3% -- one point percent of a loss, the biggest since february. we might get a resolution or kicking the can down the road on the u.s. debt ceiling into december. we also had the 10 year yield changed. strong jobs numbers, private companies adding most jobs in three months. we will be looking forward to the september payroll on friday. oil sinking by the most in two weeks and extending losses. this as we continue to see growing u.s. inventory and russia signaled they are ready to help ease a global energy crisis. natural gas is moving, it has been volatile for a few days. we saw it plunge after settling at the highest level in 12 years with president putin saying the russian gas pump will send more gas into ukraine at the end of the year. pric

the u.s., or literally we still have lead pipes that bring water into people's homes and schools that are poisoning them. this bill would help us replace all those pipes, so it is good for america, good for families and it deserves to become a law. host: you know well that the debate on capitol hill is tying these together, what is the potential right now of de-linking them? guest: i hope the president and democratic leadership come to the realization that linking the bills only means nothing gets done, that we do not replace the lead water pipes and bridges. so we had a chance six weeks ago, we had a chance last week to pass the infrastructure bill and for it to become law, so we could start building these things again. and we missed that opportunity, so we need to go back. we need to receives it. -- receives -- free -- re -seize it. i do not know if the president and a democratic leadership will listen, but de-linking these bills and getting the infrastructure bill done would be the right th

first is the eu and u.s. level. then the ce and u.s. level. then the collaboration level. last, multilateral. starting with the eu, the eu and u.s. have already spoken there position on the same special recognition of critical infrastructure and also the history of cybersecurity cooperation. this collaboration is not yet effective and practical. we need to develop systemic cooperation between eu countries within the u.s. government on this particular topic. maybe, development with ed fraud -- within fraud between the u.s., india, japan, and australia. these four countries declared building a long-standing cooperation on cybersecurity and lodging new efforts to bolster critical infrastructure against cyber theft. by bringing together the expertise of their nation to drive domestic and international subsidies. another advantage of such a collaboration claim -- came one month ago with the u.s. declaration of a partnership for new challenges including cybersecurity aberration for a new era with three agreements that -- cooperation for a new era with three agreements that will

how is the u.s.-british relationship unfolding right now, the relationship specifically between the president of the united states and prime minister boris johnson. >> seems to be in a decent play. when biden came into power the two leaders had not come together. boris johnson was seen as a mini me of donald trump, as a populist, not playing by the normal set of rules but boris johnson in the perception that the british has overcome what was expected to be a bumpy relationship, and this is a dynamic that speaks i think to joint national security interests and for the british and particularly this prime minister being part of that australia-u.s.-submarine kneel, nuclear submarine deal that pushed france aside on its diesel-powered submarine deal with australia. it was a big plus. that was boris johnson, if you will, clare clearly in the eyes of the british people i think back in favor with washington. here was france, an old adversely being pushed aside for a deal with the uk. in those terms the relat

and the u.s. is also building a coalition of nations to advocate for and invest in cyber technology and better secure supply chains. and it's offense the discussion that we are having today, and they will be -- and i hope that there will be many eu countries in this for the cooperation on cyber crime and law enforcement collaboration. and despite this important and good development, the-- critical structure particularly between the eu and the u.s. is very much needed now and i will concentrate on four possibledy mentions of such collaboration. first is eu-u.s. level and then ce level and private sector collaboration level and last but not least, nato level. starting with the eu, and even the eu and the u.s. have focused their attention on the same type, with special recognition of threats for critical infrastructure and they also have history of cyber security cooperation. in the view of many in experts, this collaboration is not in that and practical. we need as soon as possible to develop cooper

on top of that, the u.s. has seen strong demand for supplies that are dwindling. the u.s. is the biggest exporter. china is trying to diversify, but most of it is from -- their confluence is pushing the prices higher. at a time when apparel sales are above pandemic levels. romaine: one thing that cotton has going for is that it's not a perishable product. we know that some mills and manufacturers stocked up on this the best that they could. what do we know about inventory levels right now and how much that might suffice in the short-term? >> in terms of cotton, china has a lot from previous seasons. in 2011 one prices went to record highs, china began to pilot on. there is cotton from kenya which is the bulk of it. many companies do hedge their needs for cotton, but apparel ratio versus sales is at record. for those people who have that average, this shortfall we have a second year -- this tightness will exert more tightness on the margins because they need to replace at higher prices. or use up, for example in the u.s. they are tightening a lot. taylor: do you feel and we

the u.s. the s&p 500 fell for a second consecutive session. we have fitch rating the u.s. bond market as closed on holiday perhaps really intensifying those market moves. we did see the dollar also continuing to gain ground at a three-week high right now. speculators boosting those dollar bets two-year highs given rising yields and inflation concerns. still the golden dragon, china index unchanged at the close. we actually had it firmly in positive territory. still around that three-week high. we had a smaller than food -- overnight that helped sentiment. and this really not dampened that much by xi jinping assessing ties between financial institutions and big private sector players according to some media reports. but that's something that we will continue to watch as we head toward the china open. take a look at those inflation concerns. because it's all about those commodity prices. glco is your function on the bloomberg. wit climbing to a seven-year high. we're talking around those $8

any u.s. service members are deployed in taiwan right now? >> not as many as people thought. >> reporter: defense department records show the number of u.s. troops in taiwan increased from 10 in 2018 to 32 earlier this year. the state department asked for more marines to safeguard the unofficial u.s. embassy in ta taipei. any u.s. military presence in taiwan, big or small, is perceived by beijing as an act of aggression. u.s. marines were training tay w -- taiwanese troops, china released this video. a warning for joe biden, who vowed to defend taiwan at this cnn town hall last week. >> are you saying that the united states would come to taiwan's defense? >> yes, we have a commitment to do that. >> reporter: the white house later walked back biden's comments. they seemed to contradict the long standing u.s. policy of strategic ambiguity, leaving u.s. military involvement in taiwan an open question. >> people have different interpretation of what joe biden has said. >> do you have faith that th

wewe lost 13 u.s. service members and dozens of innocent afghansos with the isis-k attack on august 26 where there's also a tragic mistake in august when i went a drone site killed as many as ten buried following this mistake, and others expect to be provided with the results of a timely comprehensive and transparent investigation of this tragedy including accountability measures and any changes to procedures that are deemed necessary. in importantly our work is not done as there are more who remained in afghanistan who would like to leave it. we must work to ensure the inner agencies as all the tools required and coordinated to assist those remaining individuals. there are some, going back to the issue of whether or not we should have left afghanistan who imagined there is a middle option that we could've cap 2500wh troops there and ate relatively peaceful and stable environments. i think the way that option has been presented by many of the critics has been fundamental and disingenuous for the option

the u.s. debt ceiling deadlock. the dollar is bouncing ahead of friday's job report. plans for talks between president biden and presidency even as beijing warns over taiwan. a 40% surge in gas prices in minutes. the deal comes with strings attached. shery: we have an alert. we are getting south korea's august current account numbers. we are seeing goods trade falling to 5.6. we are also seeing the current account narrowing to $7.5 billion. that would be 7.512 billion. this after widening in the previous month. not that surprising given that way -- we have seen export starting to slow down. in the previous month, we had seen double-digit gains but not as high in the 30% gains that we saw in the past few months. the current account balance starting to marrow -- narrow at $7.5 billion. haidi: we are seeing tepid gains in the first few seconds of trading in sydney. let's get you straight to the markets with sophie cameron. sophie: a two day drop for aussie shares. stocks opening higher. a report

a u.s.-based christian aid group in haiti says 17 missionaries and family members were kidnapped by a criminal gang saturday as they were leaving an orphanage in port-au-prince. one of the members was canadian, the rest were u.s. citizens. human rights groups warn kidnappings in haiti have tripled since the assassination of president jovenel moise in july and a devastating earthquake in august. in labor news, the union representing u.s. television and film production crews has reached a tentative agreement with an association of hollywood producers, averting a strike of some 60,000 workers just before a midnight deadline on saturday. a tentative deal brings members of iatse, the international alliance of theatrical stage employees, higher pay, longer breaks, and better healthcare and pension benefits. some iatse members are opposing ratification of the contract, saying it doesn't go far enough to prevent short turnarounds between work assignments. immigrant justice advocates on saturday walk

the more the u.s. keeps its competitive advantage, and the world solves problems, and the world becomes a better place. if they have not set up their research departments in the way i just described, i don't think they are really competing with us the way we are doing it. carol: you do it differently. cathie: we do. we do it differently, and there are more ways to do this than just the way we are doing it. i think the depth to which our analysts go into these technologies has never been done on wall street before. that is because we set up the firm to do that. carol: thank you. thank you so much. [applause] >> cathie wood speaking to carol massar in los angeles. we like to welcome our viewers to "daybreak australia." we are seeing u.s. futures muted at the open since we saw the s&p 500 gain from consecutive sessions. solid corporate results taking u.s. stocks half of 1% away from an all-time high. we see the china index at a five week high. the 10-year yield, gaining ground. wti gaining ground. a littl

now, i am told the u.s. government, according to a senior-u.s. government official, doesn't know the current location of those americans who have been kidnapped. they are working around the clock. state department officials, fbi officials, to try and figure out where they are. and of course, how to secure their release. now, officially, the state department spokesperson's saying that they are aware of the reports, not going much further with regard to details. we are waiting to see if the white house comments on this. but the state department travel advisory for haiti says do not travel. that is for all americans. they suggest they don't travel to haiti, particularly because of these kidnappings. that travel advisory cites kidnappings. and we should note that kidnappings in haiti have been on the rise in the last few months. since july, they have risen 300%. and of course, that doesn't include this latest development over the weekend with these 16 americans kidnapped. kylie atwood, cnn, the state department. >>> and as we heard, the kidnapping of