>>> .
MARIA: WELCOME BACK TOP STORY
U.S.-CHINA TRADE CHINESE VICE
PREMIER LIU HE SPEAKING OUT
SAYS SUBSTANTIAL PROGRESS WAS
MADE BOTH SIZE GEARING UP FOR
A TRADE CALL THIS WEEK LAST
HOUR I SPOKE WITH WILBUR ROSS
SPOKE BEING ABOUT A POTENTIAL
DEAL WITH CHINA HERE IS WHAT
HE SAID.
>> WE WOULD LIKE TO MAKE A
DEAL BUT FROM OUR POINT OF
VIEW IT HAS TO BE RIGHT DEAL
DOESN'T HAVE TO BE IN NOVEMBER
IT IS MORE CRITICAL, THAT IT
BE A PROPER DEAL THAN EXACTLY
WHEN IT OCCURS.
>> YOU WOULDN'T MIND NOT
SIGNING AT APEC NOVEMBER 15,
17 WHENEVER IT IS.
>> KEY THING IS TO GET
EVERYTHING RIGHT THAT WE DO
SIGN THAT IS THE IMPORTANT
ELEMENT THAT IS WHAT THE
PRESIDENT IS WHETTED TO.
>> ALL RIGHT.
JOINING ME RIGHT NOW NATIONAL
ECONOMIC COUNSEL DIRECTOR
LARRY KUDLOW, LARRY GOOD TO
SEE YOU.
>> THANK YOU, MARIA THANK YOU
VERY MUCH.
>> YOU JUST HEARD YOUR
COLLEAGUE.
>> YES.
>> SECOND WILBUR ROSS
BASICALLY PLAYING DOWN
NOVEMBER 15, NOVEMBER 17 AT
APEC MEETING MAY BE WE WON'T
SIGN ON THAT DAY IS CHINA
MAKING DEMANDS ON YOU SAYING
LOOK WE ARE NOT SIGNING
ANYTHING UNLESS YOU TAKE THE
DECEMBER TARIFFS OFF THE
TABLE?
.
>> NO.
NO ACTUALLY THAT IS NOT THE
CASE.
PRESIDENT DID AGREE TO SUSPEND
THE --
>> OCTOBER TARIFF.
>> OCTOBER 15 TARIFFS I WANT
TO GET TARIFF DATES RIGHT.
BUT I REALLY LIKE WHAT THEY'RE
SAYING ON THE OTHER SIDE, SO
MY HUNCH IS THIS IS UP TO
PRESIDENT, ULTIMATELY IF TALKS
GO WELL ON PHASE ONE, THERE IS
A CHANCE WE CAN GET THOSE
DECEMBER TARIFFS OFF, I CAN'T
GUARANTEE IT IS COMPLETELY UP
TO THE PRESIDENT BUT I DID
WANT TO READ TWO THINGS,
PREMIER LIU LOU LEADER
U.S.-CHINA MADE SUBSTANTIAL
PROGRESS AT TRADE TALKS
CHINESE PREMIER SAID THAT IS
VERY COOL THING YOU KNOW WHAT?
BEFORE THAT, THAT FEW DAYS
AFTERWARDS, THE FOREIGN
MINISTRY OF CHINA OFTEN SAYS
THINGS NOT SO KIND FOR UNITED
STATES SAID TWO SIDES YOU ARE
ALSO UNANIMOUS IN ISSUE OF
RICK WANDER TRADE AGREEMENT NO
DIFFERENCE IN ECONOMIC AND
TRADE AGREEMENT GREAT
SIGNIFICANCE TO BOTH OF US WE
MADE A LOT OF PROGRESS I GUESS
FARBLE TO SAY WE HAVEN'T NOT
GOING TO HAPPEN A LOT OF
PESSIMISM I DON'T KNOW MY
PREDICTIONS ARE BETTER THAN
ANYBODY ELSE I WILL SAY THIS
THE MOOD MUSIC CONTINUES TO BE
GOOD THE SUBSTANCE OF PROGRESS
OKAY?
ON AGRICULTURE, ARE, BY THE
WAY, NOT JUST BUYING FARM
PRODUCTS BUT OPENING UP MARKET
ACCESS IN A NUMBER OF WAYS,
FINANCIAL SENIORS CURRENCY
REFORM INTELLECTUAL PROPERTY
RIGHTS VERY MUCH ON THE TABLE.
>> WHAT ARE WE GETTING ON
INTELLECTUAL PROPERTY ARE THEY
GOING TO AGREE TO ENFORCEMENT
DEAL THAT HE ENFORCEMENT
MECHANISM IS THERE TO SAY
THERE ARE CONSEQUENCES IF THEY
CONTINUE TO STEAL,
INTELLECTUAL PROPERTY I MEAN I
AM GLAD YOU MONTHS LIU HE
ISN'T IT THAT INDIVIDUAL HILLS
WHO WAS ALL GREAT WE GOT GREAT
PROGRESS DONE IN APRIL THEN
GOES BACK TO CHINA HARD-LINERS
SAID NO IN FACT YOU ARE GOT TO
GO TO BE OUR SPOKESPERSON YOU
ARE NOT GOING TO TRAVEL ON THE
-- THE CHINESE JET YOU ARE
GOING COMMERCIAL I MEAN WHAT
IS --
>> WHAT DO YOU BACKSEAT.
>> -- [LAUGHTER]
>> EXACTLY NOT THIS TIME.
AND, AS I SAID, SO FAR MOOD
MUSIC OUT OF BEIJING PRETTY
GOOD AGAIN HARD TO PREDICT
FUTURE ALL I CAN SAY WE MADE A
LOT OF PROGRESS.
I THINK WE ARE VERY CLOSE
OPENING FINANCIAL SERVICES AND
IS IT CURRENCY STABILITY DEAL
WHICH IS ESSENTIALLY, I THINK
THE AGRICULTURAL THEY STARTED
BUYING FARM PRODUCTS OF A DID
THEY COMMIT TO THAT --
>> 50 BILLION DOLLARS WORTH.
>> THEY ARE NOT USING THAT
NUMBER U.S. SAYING 40 TO
50-BILLION-DOLLAR IN
AGRICULTURE PRUTS CHINESE ARE
NOT SAYING THAT.
>> I HAVEN'T HEARD THEM SCA
>> I HAVEN'T HEARD DIEM SCA
>> I HAVEN'T HEARD DISR SCA
>> I HAVEN'T HEARD DISREGCA
>> I HAVEN'T HEARD DISREGARD
IT DISH IT NOT YET.
>> YOU ASKED A GOOD QUESTION
TRADE AMBASSADOR LIGHTHIZER
WANTS ENFORCEMENT WE MUST HAVE
ENFORCEMENT I THINK PRESIDENT
TRUMP WOULD INSIST ON THAT AS
WELL BUT, AGAIN, THERE IS A
LOT OF WORK BEING DONE, TOWARD
THAT END.
AND THAT WORK WILL CONTINUE
BETWEEN NOW AND APEC WHICH IS
WHAT ABOUT A MONTH AWAY.
>> 150, 17TH YEAH.
>> I AM GOING TO TAKE IT YOU
KNOW, ON THE POSITIVE SIDE,
FOR THE MOMENT, TILL PROVEN
OTHERWISE BUT IT HAS GOT TO BE
RIGHT DETAIL FOR UNITED STATES
PRESIDENT GOING TO DEFEND THE
XHERN ECONOMY NO QUESTION
ABOUT IT, AMERICAN ECONOMY
PRESIDENT TRUMP CHANGED
NARRATIVE ON CHINA.
>> DEFINITELY I SAID THAT
EARLIER ON SHOW I AGREE THE
BEST THING ABOUT THIS.
>> HE BACKED UP HIS CHANGED
ATTITUDE TOWARDS CHINA WITH
TARIFFS, OKAY HE WILL USE
THEM, WHEN THEY ARE NECESSARY.
SO I DON'T THINK ANYBODY CAN
POSSIBLY ACCUSE HIM OF BEING
SOFT ON CHINA OR ANYTHING
CLOSE TO THAT.
WE WILL HAVE OUR PEOPLE
MNUCHIN, LIGHTHIZER OTHERS WE
WILL GO AS FAR AS WE CAN GO
RIGHT NOW TWO FRIDAYS AGO
THINGS LOOK PRETTY GOOD THAT
IS ALL I CAN SAY.
>> I WANT TO GET TO USMCA I
GOT LET'S FINISH THE
CONVERSATION ON THIS BECAUSE
WE JUST HAD PAUL WOLFOWITZ IN
YOUR SET A.
>> BRILLIANT HE A FRIEND.
>> HE WAS GREAT BASICALLY
BROUGHT UP THE ISSUE OF ONE TO
TWO MILLION WOULD YOU AGREE
YOURSELF IN UIGHURS IN
CONCENTRATION CAMP QUOTE FROM
XI JINPING SAYING ANYONE
ATTEMPTING TO SPLIT CHINA IN
ANY PART OF THE COUNTRY WILL
END UP WITH CRUSHED BODIES ER
SHATTERED BONES HE THOSE BONES
WILL BE POUNDED TO DUST THE
PRESIDENT OF CHINA SAID THAT,
SO I JUST -- IS ANY OF THIS
BEHAVIOR IN TERMS OF THE WAY
THEY TREAT CITIZENS COMING
INTO THE CONVERSATION?
>> HUMAN RIGHTS IS VERY
IMPORTANT PART OF THIS
PRESIDENT HAS MADE THAT VERY
CLEAR THAT INCLUDES THE
FREEDOM OF DEMOCRAT MOVEMENT
GOING ON NO HONG KONG
PRESIDENT TRUMP MADE THAT VERY
CLEAR.
AND IN TERMS OF OF WHAT YOU
JUST READ, SOUNDED PRT TOUGH
TO ME THEY USED TO CALL US
RUNNING DOGS MAY BE NOT QUITE
AS BAD TODAY AS IT WAS BUT TH
UIGHUR PROBLEM MUSLIM PROBLEM
WE ARE ENGAGED IN VERY
DIFFICULT STRUGGLING WITH
CHINA TRADE, TECHNOLOGY, HUMAN
RIGHTS NATIONAL SECURITY OKAY,
YOU SEE THIS, NATIONAL
ECONOMIC COUNCIL IN WHITE
HOUSE ONE MIGHT HAVE BIGGEST
RESPONSIBILITIES IS LOOKING AT
5G THE ROLE OF HUAWEI WE
TALKED ABOUT SECRETARY ROSS
BEFORE.
OBVIOUSLY, WE HAVE -- THAT IS
GOING TO CONTINUE, NOW, THESE
THINGS MAY BE ADJUDICATED OVER
TIME I DON'T KNOW, WE ARE NOW
HAVING MORE REALISTIC VIEW OF
CHINA THE COMPETITION BETWEEN
THE TWO COUNTRIES.
>> AMBASSADOR PRESIDENT TRUMP
CHANGED CONVERSATION.
>> WE CANNOT LET THEM STEAL
OUR FAMILY TECHNOLOGICALLY
JEWELS.
>> A PRIORITY FOR YOU I WANT
TO GET TO NORMALITIES IN A
MINUTE USMCA MEXICAN PRESIDENT
ANDRE MANUEL LOPEZ SENDING A
LETTER TO HOUSE WAYS AND
COMEDIANS COMMITTEE URGING
CONGRESS PASS TRADE DEAL VICE
PRESIDENT MIKE PENCE READY TO
DELIVER A SPEECH ON USMCA HERE
WE ARE DAY OF CANADIANS
ELECTIONS A LOT OF HE PEOPLE
SAID THIS HAS TO GET PASSED BY
CANADIAN ELECTIONS PETER
NAVARRO SAID IF IT DOESN'T GET
DONE BY NOW BY THANKSGIVING
TAX RETURNING IT IS NOT
GETTING DONE IS IT NOT GETTING
DONE?
>> WELL, AGAIN, A TOUGH
FORECAST YOU ARE ASKING ME.
I KNOW WITHOUT QUESTION
PRESIDENT TRUMP HAS PRETTY BIG
POLITICAL AGREEMENTS WITH
SPEAKER PELOSI OKAY.
WE KNOW THAT.
ON THE OTHER HAND, I WILL SAY
THIS.
THROUGHOUT THE COURSE OF THIS
DISCUSSION REGARDING USMCA
WHERE THERE IS CONSIDERABLE
SUPPORT IN THE DEMOCRATIC
HOUSE CONFERENCE, ABOUT SHE
HAS BEEN ACCESSIBLE AND OPEN
AND ACCOMMODATIVE, I TALKED
ABOUT LIGHTHIZER LAST WEEK HE
WAS STILL NEGOTIATING WITH KEY
DEMOCRATIC HOUSE LEADERS ON
USMCA.
SO I THINK IT -- DEMOCRATS
WANTING TO HOME, AND SAY LOOK
WE CAN PASS SUBSTANTIVE
LEGISLATION, THAT WOULD BE A
BIG BOOST TO ROCKETS IN THE
UNITED STATES ECONOMY, EXTRA
HALF A POINT GDP, COUPLE
HUNDRED THOUSAND JOBS A LOT OF
MAYBE A HUNDRED BILLION
DOLLARS DIRECT INVESTMENT, IN
OTHER WORDS, I AM SEPARATING
THE TWO.
THERE ARE POLITICAL
AGREEMENTS, THOSE ARE GOING TO
PLAY OUT.
BUT THE USMCA MAY STILL BE
ALIVE AND WELL.
THAT IS VIEW SHARED BY SOME
OTHER OEZ IN THE MINGS.
>> HAS TO DO WITH WHAT
PRESIDENT STANDING INTO 2020
MOST PEOPLE WILL SAY
UNCERTAINTY AROUND CHINA IS
SLOWING DOWN THE U.S. ECONOMY
IF PRESIDENT NEEDS A GOOD
ECONOMY INTO 2020 YOU JUST
SHOWED ME A MAP MOODY'S
MILITARIES POLE BASICALLY SAYS
PRESIDENT WILL CRUSH DEMOCRATS
COME 2020 THEIR SURVEY CAME
OUT LAST WEEK WHAT IS YOUR
THOUGHT IN TERMS OF THE
ECONOMY WEAKENING AS A RESULT
OF ALL TRADE ISSUES AROUND --
FOR PRESIDENT'S REELECTION.
>> ECONOMY IS STILL PRETTY
STRONG WE'VE HAD HEADWINDS
SEVERE MONETARY TIGHTENING I
THINK TURNING AROUND WE ARE
THE ONLY ECONOMY REALLY
GROWING, REST OF THE WORLD
PARTICULARLY EUROPE HURT OUR
MANUFACTURING AND
MANUFACTURING EXPORTS.
ON THE OTHER HAND, I JUST WANT
TO NOTE SOME STATS THIS
MOODY'S THING IS INTERESTING
OBJECTION FORD ECONOMIC
OBJECTION FORD OXONOMIC
OBJECTION FORD OXFOOMIC
OBJECTION FORD OXFORDIC
OBJECTION FORD OXFORD C
ECONOMICS SAID SAME THING THEY
ARE NOT BEST FRIENDS, I WAS
INTERESTED WHEN YOU LOOK AT
POCKETBOOK ISSUES REAGAN USED
TO CALL TAKE-HOME PAY.
THAT IS BOOMING.
STOCK MARKET, BOOMING.
UNEMPLOYMENT ABOUT 3.5%.
>> 51-YEAR LOW.
>> 51-YEAR LOW THESE ARE --
INFLATION OKAY BARELY SKERNBLE
WHEN YOU LOOK AT MOLDS
TRANSLATE INTO PRESIDENTIAL
ELECTIONS KEY VARIABLES
TAKE-HOME PAY STOCKS
UNEMPLOYMENT LOW INFLATION
GIVE PRESIDENT TREMENDOUS
ADVANTAGE LOOK AT THIS MAP THE
MOODY'S THING HAS -- OUR
ADMINISTRATION WEIGHING
WINNING MICHIGAN OHIO WI EVEN
MINNESOTA PENNSYLVANIA,
CAROLINAS IN FLORIDA IN OTHER
WORDS, THE ECONOMY IS POWERFUL
FORCE WHEN IT COMES TO REFLEK
REELECTION MY READING OF TRIPT
WITH PRESIDENT ZELENSKY OF
UKRAINE THERE HAS NEVER BEEN A
QUID PRO QUO THERE WAS NEVER
DISCUSSED IN THAT, THERE WAS
NEVER ANY PRESSURE ON ZELENSKY
HE TOLD US AT THE U.N..
I DON'T KNOW IF WE HAVE MORE
TIME TO TALK ABOUT THIS BUT --
I THINK, THERE IS A LOT OF
STATS COMING IN, BETTER
HOUSING, BETTER MANUFACTURING,
LOOKS LIKE WE ARE IN TURNING
ZONE BACK UP NOW THAT FED IS
LOOSENED UP FINALLY I THINK
THIS IS PRETTY GOOD STUFF I AM
VERY OPTIMISTIC I AM ALWAYS