Podcasts about us treasury secretary janet yellen

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Best podcasts about us treasury secretary janet yellen

Latest podcast episodes about us treasury secretary janet yellen

Bloomberg Talks
US Treasury Secretary Janet Yellen Talks Tariffs, Russian Sanctions

Bloomberg Talks

Play Episode Listen Later Dec 11, 2024 16:53 Transcription Available


US Treasury Secretary Janet Yellen discusses broad-based tariffs, Russian sanctions, and Ukraine loans with Bloomberg's David Gura.See omnystudio.com/listener for privacy information.

Business Casual
The Great Debate on Tariffs & Meta Fires Workers Over $25?

Business Casual

Play Episode Listen Later Oct 18, 2024 30:54


Episode 434: Neal and Toby discuss the effects of a broad tariff policy that Republican presidential nominee Trump proposes if he were to be elected and US Treasury Secretary Janet Yellen warns that it may hurt the economy or then help. Then, Netflix's latest earnings are proving price hikes are boosting profits while steadily gaining new subscribers. Plus, news of an Uber takeover of Expedia boosts its stock, making it the Stock of the Week, and leaves Wall Street saying, “Hm, not a bad idea.” And Meta fires employees over a meal perk and announcement of layoffs makes it the Dog of the Week. Meanwhile, Halloween candy this year will look a lot more…squishier, as high cocoa prices mean candy companies are leaning into gummies to save their sales. Lastly, Prada is expanding out of the fashion world and going…out of this world…by designing the spacesuit of an upcoming moon mission.  00:00 - Top trending Halloween costumes 2:50 - Great debate on tariffs 7:50 - Netflix is all about the profits 12:10 - Stock of the Week: Expedia 18:40 - Dog of the Week: Meta 22:00 - Halloween chocolates are out 25:00 - Prada gets into the space business Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Check out the new Wendy's Breakfast Burrito! Visit https://www.wendys.com/morningbrew for more! Join us at our trivia night! Visit morningbrew.com/events to register  Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316  Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC and includes 10 investment-grade and high-yield bonds. As of 10/8/2024, the average, annualized yield to worst (YTW) across all ten bonds is greater than 6%. A bond's YTW is not “locked in” until the bond is purchased and is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, there is no way to know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or by how much they will decline. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. All investing involves risk. Public Investing charges a markup on each bond trade. High Yield bonds carry greater risk of default. Visit public.com/bond-account to learn more. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cleaning Up. Leadership in an age of climate change.
Could Trump 2.0 Roll Back The IRA? Ep181: Ethan Zindler

Cleaning Up. Leadership in an age of climate change.

Play Episode Listen Later Oct 16, 2024 56:31


China has taken a commanding lead in manufacturing solar panels, wind turbines, electric vehicles and batteries, and is central to the green energy transition. Now, the US is hoping to catch up, and has spent almost $500 billion from the Inflation Reduction Act to bolster the energy transition and domestic manufacturing. Is it enough to create-long lasting change? This week on Cleaning Up, host Bryony Worthington sits down with Ethan Zindler, the Climate Counselor to US Treasury Secretary Janet Yellen. Zindler provides a rare insider's perspective on the implementation of the Inflation Reduction Act, the Treasury's new Climate Hub, and the department's evolving role in tackling the economic and financial implications of the climate crisis. The discussion covers the IRA's potential impact, the challenges of communicating its complex tax incentives, and concerns around the legislation's political durability. Zindler also addresses the tensions between fossil fuel interests and clean energy priorities, as well as the Treasury's efforts to engage with international partners and ensure an equitable clean energy transition. As the US grapples with the growing costs of climate-fueled disasters, this episode offers insights into how a key economic policymaking body is adapting to the climate emergency and the new geopolitics of the green energy transition. Leadership CircleCleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.liveLinksOverview of the Treasury's climate activities: https://home.treasury.gov/policy-issues/climate-changeCleaning Up with Dr Ma Jun: https://www.youtube.com/watch?v=Fu6giWzTxAYCleaning Up with Dipender Saluja & Ion Yadigaroglu: https://www.youtube.com/watch?v=tUTPkszXs_Y

The Big Take
Janet Yellen's Predictions for the US Economy

The Big Take

Play Episode Listen Later Sep 9, 2024 15:39 Transcription Available


On today's podcast, host David Gura speaks to US Treasury Secretary Janet Yellen about everything from the health of the economy to negotiating with China. He also accompanies her on a trip to an IRS processing facility in Texas to talk about tax cheats and what to do about them.  Read more: Yellen Says Jobs Report Confirms Labor Market ‘Quite Healthy'See omnystudio.com/listener for privacy information.

China Daily Podcast
英语新闻丨'Wall of opposition' part of US' net of containment

China Daily Podcast

Play Episode Listen Later May 28, 2024 3:24


After imposing steep additional tariffs on Chinese exports such as electric vehicles and solar panels, the United States is instigating a broader trade war against China.Highlighting the potential threat from what she labels as China's excess industrial capacity, US Treasury Secretary Janet Yellen underscored the Joe Biden administration is seeking to get Europe to gang up with the US to act in a "strategic and united way" to build "a wall of opposition" against so-called unfair Chinese practices.The US policy circle clearly loves the notion of walls, something they can hunker the US behind to avoid the spillback from their actions and use to fool the US public by giving seeming substance to their fanciful claim that the country is a castle besieged.The wall of opposition they are trying to erect is not one that is intended for united efforts for common benefits, even limited to supposed allies. It is a wall of fragmentation from which the US is intended to be the sole beneficiary, and the US' European allies are merely useful labor for the construction work.The wall once built will not only further disrupt the global industry and supply chains, but also dampen hopes for rescuing and resetting economic globalization.Yet the Biden administration's recent wolf-crying over alleged Chinese overcapacity has clearly wormed its way into the changing-world anxieties of the developed countries, as the G7 members led by the US expressed shared "concerns about China's comprehensive use of nonmarket policies and practices that undermines our workers, industries, and economic resilience".The overcapacity rhetoric has gained such currency in Europe lately that Beijing must make even greater efforts to get across its counterargument that Chinese industrial capacity in green industries is a natural outcome of market competition that is beyond reproach.That the US has, it seems, scared its allies into swallowing its bait will backfire against their own economies, and further hinder their green transition. The other G7 countries should be wary of falling in line behind the US to put up trade barriers to "neutralize" China's green export growth.But just as the French and German finance ministers pointed out, a trade war, not to mention such an extensive one as Washington envisions, is a formula for lose-lose outcomes.Christian Lindner, the German finance minister, said, "trade wars are all about losing, you can't win them."Accusations regarding Chinese trading practices must be examined objectively and very carefully, he said, and if joint actions are to be taken, they must have World Trade Organization support.But if the accusations are indeed examined carefully, they will be seen for what they are — another strand in the net the US is trying to weave to contain China's development.

World Today
How significant is Ireland, Norway and Spain's recognition of Palestinian state?

World Today

Play Episode Listen Later May 22, 2024 52:29


①Chinese Foreign Minister Wang Yi reiterates that the Taiwan question is at the center of China's core interests. (00:47)②US Treasury Secretary Janet Yellen is urging Europe to join the US in clamping down on China's green-tech exports. Are they building a protectionism alliance in the name of countering overcapacity? (13:10)③What next for Iran after President Raisi's death? (24:34)④In a historic move, Ireland, Spain and Norway say they are recognizing a Palestinian state. How significant are the announcements? (32:08)⑤Low-altitude economy takes off in China. (42:03)

Bloomberg Talks
Treasury Secretary Janet Yellen Talks Inflation; US Economy

Bloomberg Talks

Play Episode Listen Later May 13, 2024 14:34 Transcription Available


US Treasury Secretary Janet Yellen speaks on US inflation, overall fiscal policy, competition with China and much more with Bloomberg's Annmarie Hordern. See omnystudio.com/listener for privacy information.

China Daily Podcast
英语新闻丨Chip coercion further undermines trust

China Daily Podcast

Play Episode Listen Later May 13, 2024 3:49


The United States is intensifying its tech war against China. In yet another act of "economic coercion" targeting Chinese companies, the US has revoked export licenses that allowed tech giants such as Qualcomm and Intel to supply chips to Chinese telecommunications equipment company Huawei, which Washington has already put on a trade restriction "entity list" since 2019 on the grounds that it poses national security risks to the US.美国正在加紧对中国的科技战争。在针对中国公司的又一次“经济胁迫”行动中,美国撤销了允许高通和英特尔等科技巨头向中国电信设备公司华为供应芯片的出口许可证,而华盛顿已经自2019年起将华为列入贸易限制“实体名单”,理由是华为对美国构成国家安全风险。The move comes after the Chinese company unveiled its first AI-enabled laptop last month, and announced that its first-quarter profits surged more than fivefold year-on-year, making some China hawks in Washington to complain that previous US crackdowns on the Chinese company have not yielded the intended results. They have pushed for the US administration to further tighten the screws on the company.此前,这家中国公司上个月推出了首款支持人工智能的笔记本电脑,并宣布其第一季度利润同比增长五倍以上。这让在华盛顿的一些鹰派人士抱怨说,美国此前对中国公司的打压并未取得预期效果。他们要求美国政府进一步收紧对中国公司的限制。Speaking before the House Appropriations Committee on Wednesday, Commerce Secretary Gina Raimondo made no bones about Washington's abuse of export controls. "I tell semiconductor companies that they can't sell their chips to China," she told the panel.5月8日,商务部长吉娜·雷蒙多在众议院拨款委员会上公开阐述了华盛顿滥用出口管制的行为。她对小组成员说:“我告诉半导体公司,他们不能把芯片卖给中国。”The new sanctions will certainly undermine the smooth development of Sino-US relations, which the two sides have managed to stabilize since last year through a series of high-level visits. The latest move not only runs counter to the World Trade Organization rules, but also belies the commitment the US has repeatedly made to China that it does not seek to "decouple" from the country or to contain its development.自去年以来,中美双方通过一系列高层互访成功稳定了两国关系,新的制裁措施必将破坏两国关系的顺利发展。最新举措不仅违背了世界贸易组织的规则,也有悖于美国多次对中国做出的承诺,即美国不寻求与中国“脱钩”,也不寻求遏制中国的发展。The fact that the latest US restrictions are targeted at purely civilian consumer chip products exported to China also makes the promise that US Treasury Secretary Janet Yellen made during her visits to China that US national security actions in the economic sphere are narrowly scoped and based on clearly defined national security concerns sound empty.美国最新的限制措施针对的是出口到中国的纯民用消费芯片产品,这也使得美国财政部长珍妮特·耶伦在访华期间做出的承诺,即美国在经济领域的国家安全行动范围狭窄,且基于明确界定的国家安全关切,沦为空谈。There is increasing evidence that the US is trying to erect a technological "iron curtain" to isolate China from the rest of the world in the realm of high technologies.While unveiling US International Cyberspace and Digital Policy Strategy at a major tech forum in San Francisco on Monday, US Secretary of State Anthony Blinken declared that the US intends to enhance international technology collaborations — or "digital solidarity" — with its allies and partners in technological advancements ranging from artificial intelligence to quantum computing, which obviously is aimed at countering China's progress in these fields."越来越多的证据表明,美国正试图在高科技领域设置一道技术“铁幕”,将中国与世界其他国家隔离开来。5月6日,美国国务卿安东尼·布林肯在旧金山举行的一个重要科技论坛上公布美国国际网络空间和数字政策战略时宣称,美国打算在从人工智能到量子计算等技术进步领域加强与盟国和伙伴的国际技术合作,即“数字团结”,这显然是旨在对抗中国在这些领域的进步。"Today's revolutions in technology are at the heart of our competition with geopolitical rivals. They pose a real test to our security," he said, adding "it is critical that we work with trusted vendors and exclude untrustworthy ones from the ecosystem".“今天的技术革命是我们与地缘政治对手竞争的核心。它们对我们的安全构成了真正的考验,”他补充说,“我们必须与值得信赖的供应商合作,将不值得信赖的供应商排除在生态系统之外,这是至关重要的。”The US has not achieved its goal of impeding China's technological advances with its sweeping technology restrictions in the past. It will not do so in the future.美国过去通过全面的技术限制阻碍中国的技术进步,但这一目标并未实现。今后也不会实现。semiconductor半导体sanction制裁US International Cyberspace and Digital Policy Strategy美国国际网络空间和数字政策战略

The Ethanol Report
Ethanol Report 5-2-24

The Ethanol Report

Play Episode Listen Later May 2, 2024 22:12


U.S. Department of the Treasury, IRS Release Guidance RFA Welcomes 40B Sustainable Aviation Fuel Guidance, But Says Additional Work Needed This edition of the Ethanol Report podcast features comments from US Treasury Secretary Janet Yellen, USDA Secretary Tom Vilsack, RFA Senior VP, Government & Public Affairs Troy Bredenkamp, and Mitchell Hora, Continuum Ag.

China Daily Podcast
英语新闻丨Sino-US financial cooperation praised

China Daily Podcast

Play Episode Listen Later Apr 19, 2024 4:52


China and the United States are strengthening financial cooperation through the China-US Financial Working Group, a positive and essential step for preventing global financial crises and injecting stability into the fragile global economy, experts said.They commented after the China-US Financial Working Group held its fourth meeting on Tuesday in Washington. The meeting was co-chaired by Xuan Changneng, deputy governor of the People's Bank of China, and Brent Neiman, assistant secretary of the US Department of the Treasury, with financial regulators participating.The PBOC, China's central bank, said on Wednesday that the two sides had "professional, pragmatic, candid and constructive" discussions on topics such as monetary policy and financial stability, financial supervision cooperation, institutional arrangements in financial markets, cross-border payment and data, sustainable finance, anti-money laundering efforts, countering the financing of terrorism and financial infrastructure.The working group was established by the two sides in September to strengthen communication on financial topics.US Treasury Secretary Janet Yellen met with the Chinese delegation, and the two sides agreed to continue to maintain communication, according to the PBOC.The meeting came shortly after Yellen visited China earlier this month, when the two sides agreed to continue to conduct exchanges on financial stability, sustainable finance, anti-money laundering and other issues under the framework of the financial working group.Liu Ying, a researcher at the Chongyang Institute for Financial Studies of Renmin University of China, said the meeting was of great significance in delivering a positive signal that China-US economic and financial ties are steadily recovering.Liu said: "In recent years, the relationship between China and the US has experienced significant fluctuations. The fact that the two sides are continuously engaging through the financial working group indicates that their bilateral relationship is moving toward stabilization and recovery, bringing a certain level of stability and certainty to the world economy."The China-US meeting came at a time when global stock and bond markets are under pressure, as recent US inflation reports showed persistent price pressures and Fed officials have hinted that US monetary policy may need to be restrictive for longer.Liu Chunsheng, an associate professor at the Central University of Finance and Economics' School of International Trade and Economics, said that against such a backdrop, it is of particular significance for China and the US to strengthen exchanges concerning monetary policies and financial stability."This will help the two sides better understand each other's monetary policy moves, strengthen mutual trust and work together to address any potential financial stresses," Liu said.According to the US Department of the Treasury, the two sides held a technical exchange in March to discuss each jurisdiction's approach to financial stability oversight and make plans for technical exercises on financial stability.Liu from Renmin University of China said that if the US does not lower interest rates, that could exacerbate global financial fragility by intensifying the pressures of local currency depreciation and capital outflows in other economies. It also could sustain the stress within the US banking system and increase the vulnerability of elevated US government debt, she said.Therefore, the world's two biggest economies "need to and must" strengthen communication for macroeconomic policy coordination, Liu said, adding that the US side should keep China updated on its monetary policy decisions, while the Chinese side should help ensure that the US avoids implementing beggar-thy-neighbor monetary policies.Also on Tuesday, the China-US Economic Working Group held its fourth meeting, during which officials from both sides exchanged views on topics including the macroeconomic situations of the two countries as well as the world, balanced growth, and future communication arrangements, the Ministry of Finance said on Wednesday.China expressed concerns over US trade and economic restrictions against China and provided further responses on the production capacity issue, the ministry said.

Fareed Zakaria GPS
Iran's attack on Israel and the potential for further escalation in the Middle East; Treasury Secretary Janet Yellen on her recent trip to Beijing; Ambassador Rahm Emanuel on US-Japan cooperation in the region

Fareed Zakaria GPS

Play Episode Listen Later Apr 15, 2024 41:01


Today on the show, CNN's chief international correspondent Clarissa Ward joins from Tel Aviv to break down the calculations taking place within Netanyahu's government about how and if to respond.  Then, Fareed speaks with The New York Times' David Sanger and Vali Nasr, former senior adviser at the US Department of State, about the potential for further escalation following Iran's attack. They also talk about what this most recent development means for the Biden administration's influence on Israel's policy in Gaza.  Then, US Treasury Secretary Janet Yellen tells Fareed about her recent trip to China, where she emphasized that while the US is not seeking to decouple from Beijing, they are also pressuring China to roll back what she calls “unfair” trade policy.  Finally, US Ambassador to Japan Rahm Emanuel joins to discuss Prime Minister Kishida's state visit to Washington, and Japan's increasingly crucial position in the region.  GUESTS: Clarissa Ward (@clarissaward), David Sanger (@SangerNYT), Vali Nasr (@vali_nasr), Janet Yellen (@SecYellen), Rahm Emanuel (@RahmEmanuel) Learn more about your ad choices. Visit podcastchoices.com/adchoices

Alternative Visions
Alternative Visions- US Inflation, the Fed, and Ukraine-Israel Wars Update

Alternative Visions

Play Episode Listen Later Apr 15, 2024 56:32


Today's show covers the key events, economic & political, of the past week: US latest inflation numbers and trends, why Fed rate cuts are off the table, instability in regional banks and commercial real estate continue, Chase CEO Jamie Dimon's remarks on rate hikes at 8% and ‘soft landing' scenario, US Treasury Secretary Janet Yellen in China. In Politics, whether war between Israel-USA with Iran is imminent, latest developments on French & NATO troops in Ukraine, the coming Russian big offensive in Kharkov, Russia's talk of ‘unconditional surrender' and Ukraine's desperate manpower shortage and its new draft law.

World Review with Ivo Daalder
Kishida's State Visit, Biden Criticizes Bibi, Yellen in China

World Review with Ivo Daalder

Play Episode Listen Later Apr 12, 2024 36:13


This week, President Biden hosted Japanese Prime Minister Kishida to discuss Ukraine, AI and security in East Asia emphasizing the Japan-US alliance. Then, Biden criticizes Israeli Prime Minister Netanyahu as the Israel-Hamas war enters its sixth month, deepening the Israel-US rift. Plus, US Treasury Secretary Janet Yellen concluded her trip to China to renew US-China dialogue. Ken Moriyasu, Prashant Rao, and Carla Anne Robbins join the Council's Ivo Daalder to examine these issues.

The Top Story
Israeli PM sets date for Rafah offensive

The Top Story

Play Episode Listen Later Apr 9, 2024 15:25


Israeli Prime Minister Benjamin Netanyahu says a full-scale attack on Rafah will happen, as Israel reduces troops in southern Gaza. Former Ecuadorian Vice President Jorge Glas is hospitalized after falling ill in detention, amid a diplomatic row with Mexico. US Treasury Secretary Janet Yellen has wrapped up her visit to China.

Squawk Box Europe Express
SQUAWK BOX, MONDAY 8TH APRIL, 2024

Squawk Box Europe Express

Play Episode Listen Later Apr 8, 2024 24:56


The US jobs report beats expectations, sending equities higher and tempering expectations the Fed will start easing in June. Meanwhile, the UBS CEO Sergio Ermotti calls on Europe to create more competitive banks, telling CNBC at the Ambrosetti Forum the integration of Credit Suisse is a case study for the continent. US Treasury Secretary Janet Yellen threads the diplomatic needle as she urges China to rein in excess capacity, but China's commerce minister pushes back at accusations of overcapacity during a visit to Europe, rebutting claims the country's EV industry has benefited from unfair subsidies. And, Europe's largest travel group Tui gets set to ring the opening bell in Frankfurt, upgrading to the Prime Standard market after ditching its London listing.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Business daily
China commerce minister hits back at EU electric car subsidy probe

Business daily

Play Episode Listen Later Apr 8, 2024 5:54


China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector. Also in this edition: US Treasury Secretary Janet Yellen calls out overcapacity in Chinese green energy exports as she wraps up a visit there, and Elon Musk faces off against a Brazilian Supreme Court justice.

World Today
What does Yellen's visit mean for China-US ties?

World Today

Play Episode Listen Later Apr 8, 2024 50:58


①Chinese President Xi Jinping has met with the chairman of Vietnam's National Assembly. How does cooperation between China and Vietnam benefit both sides? (00:44)②US Treasury Secretary Janet Yellen reiterates that Washington doesn't seek to decouple from China. We bring you more on Yellen's trip to China and her engagement with Chinese officials. (13:43)③What are the latest travel trends in China during Qingming Festival? (24:31)④Israel has significantly reduced the number of troops in Gaza. What could happen next? (34:46)⑤Mexico cuts diplomatic ties with Ecuador after Ecuadorian police stormed the Mexican embassy in Quito to arrest former Ecuadorian Vice-President. (44:15)

The Top Story
Egypt reports progress in Gaza talks, as Israel confirms "decline in forces"

The Top Story

Play Episode Listen Later Apr 8, 2024 14:05


Progress is reportedly made in Cairo toward a Gaza truce, as Israel reduces troops in southern Gaza but readies for future operations in Rafah. A rare total solar eclipse draws millions in North America and is expected to boost the US economy by 6 billion dollars. US Treasury Secretary Janet Yellen reiterates that Washington doesn't seek to decouple from China.

The Top Story
Israel to reopen routes for aid into Gaza following warning by Joe Biden

The Top Story

Play Episode Listen Later Apr 5, 2024 14:25


US President Joe Biden threatens to reconsider future support for Israel unless it takes steps to avoid aid worker and civilian deaths in Gaza. Somalia expels Ethiopia's ambassador, orders closure of two consulates over "interference". US Treasury Secretary Janet Yellen attends round-table talks with international business leaders in southern China.

World Business Report
US Treasury Secretary Janet Yellen to meet Chinese government officials

World Business Report

Play Episode Listen Later Apr 4, 2024 25:54


US Treasury Secretary Janet Yellen stresses the importance of maintaining trade relationships and dialogue between the nations, as she spoke to reporters in the southern Chinese city of Guangzhou. China accuses the West of feeling threatened by their cheaper exports to developing economies, but Yellen stands by her assessment that China is saturating the markets, driving down competitors. Also, in the programme, we will talk about Google and how its search engine is powered by artificial intelligence.....

China Daily Podcast
英语新闻丨Xi, Biden agree to advance cooperation

China Daily Podcast

Play Episode Listen Later Apr 4, 2024 5:08


President Xi Jinping and United States President Joe Biden affirmed in a phone conversation on Tuesday the progress achieved so far in bilateral ties since their meeting in San Francisco in November, and agreed to strengthen communication to avoid misjudgment in order to push for the steady development of China-US relations.The two heads of state considered their phone conversation to be "candid and constructive", according to a news release from the Foreign Ministry after the phone talk. The phone call was their latest interaction after exchanging congratulations on the 45th anniversary of diplomatic ties between the two countries on Jan 1.Xi said that the stabilizing trend of bilateral ties in recent months has been welcomed by both societies and the international community. On the other hand, there has been an increase in negative factors that require attention from both sides, he added.Xi stressed that the issue of strategic perception is always fundamental to the China-US relationship, just like the first button of a shirt that must be put right.Two big countries like China and the US should not cut off their ties or turn their backs on each other, still less slide into conflict or confrontation, he said. The two countries should respect each other, coexist in peace and pursue win-win cooperation, he added, and the relationship should continue moving forward in a stable, sound and sustainable way, rather than going backward.As for the development of the China-US relationship this year, Xi stressed holding on to the bottom line of nonconflict and nonconfrontation, and maintaining the overall stability of bilateral ties by refraining from setting the relationship back, provoking incidents or overstepping boundaries.The two countries should also fulfill their respective commitments with actions, thus transforming the San Francisco vision into reality, Xi said.The Chinese president reiterated that the Taiwan question is the first red line that must not be crossed in China-US relations.It is hoped that the US side will take real actions to honor Biden's commitment of not supporting "Taiwan independence", he said.According to Xi, the US is creating risks, instead of "de-risking" as it claims, by adopting endless measures to suppress China's trade and technology sectors with a growing list of sanctions against Chinese enterprises.If the US is willing to engage in mutually beneficial cooperation with China and share in the dividends of China's development, the door is always open, Xi said. However, if the US insists on suppressing China's high-tech development and depriving China of its legitimate development rights, the Chinese side will not stand idly by, he said.Xi also elaborated China's positions on issues concerning the Hong Kong Special Administrative Region, human rights and the South China Sea, among others.According to the Foreign Ministry news release, Biden said that the progress in bilateral ties so far demonstrates that the two sides are able to actively advance cooperation while managing their differences in a responsible way.He reiterated the commitment to the "five noes": that the US does not seek a new Cold War with China, it does not aim to change China's system, the revitalization of its alliances is not targeted at China, it does not support "Taiwan independence", and it has no intention to seek a conflict with China.Biden also said that the US adheres to the one-China policy, China's development is beneficial to the world, and the US does not seek to contain China's development or to "decouple" from China.The US president also said that the US will send US Treasury Secretary Janet Yellen and US Secretary of State Antony Blinken to visit China in the near future.The two heads of state exchanged views on the Ukraine crisis and the situation on the Korean Peninsula.They also agreed to instruct the working teams from the two sides to step up efforts to implement the San Francisco vision, push forward consultation mechanisms in fields such as diplomacy, economy, finance and commerce, as well as military-to-military communication, and conduct dialogue and cooperation in areas including anti-drug efforts, artificial intelligence and climate change.Consensus was also reached in taking further measures to expand people-to-people exchanges and strengthen communication on global and regional issues.Reporter: Mo Jingxi

Daily Detroit
An old (and a new) favorite // Valentine's Day w/ Janet Yellen // Somebody's gotta pay for it

Daily Detroit

Play Episode Listen Later Feb 16, 2024 27:03


Wide-ranging show from food to economics. Devon O'Reilly is in. 01:33 - In "Where we've been" we talk about the longtime mainstay of Z's Villa and the breakfast and lunch spot Promenade Artisan Foods in the Fisher Building 06:47 - US Treasury Secretary Janet Yellen was in town, and Jer got the chance to shadow for a bit. We talk about the importance of Michigan in 2024. 15:51 - A recent report (one of two) from the Citizen's Research Council of Michigan shows the difficulty of getting rid of the Detroit Downtown Development Authority (if you wanted to) as well as the reality that everything - including the Community Benefits Agreements - end up costing money and some point the city will have to deal with their high costs and make some hard decisions, or do better at encouraging population growth. Feedback as always - dailydetroit - at - gmail - dot - com or 313-789-3211 Follow us on Apple Podcasts: https://lnk.to/dailydetroitonapple  Or Spotify: https://lnk.to/dailydetroitonspotify  Thanks to our members: http://www.patreon.com/dailydetroit  Or those who do a one-time contribution: http://www.buymeacoffee.com/dailydetroit  

Moving Markets: Daily News
Strong price reactions to earnings releases

Moving Markets: Daily News

Play Episode Listen Later Feb 9, 2024 10:08


The major US and European stock indices only moved slightly, but the reaction to earnings surprises was very strong, including that of stocks such as ARM, SoftBank, Disney and L'Oreal, to name but a few. US Treasury Secretary Janet Yellen addressed concerns about the US commercial real estate market and focused on non-bank mortgage lenders. Bitcoin is showing strong gains as the new ETFs in the US are seeing steady inflows. Thomas Caflisch, Head of FX & PM Solutions, talks about how to invest in currencies when FX markets are calm.00:00 Introduction by Helen Freer (Investment Writing)00:21 Markets wrap-up by Mike Rauber (Investment Writing)06:52 Currencies and metals by Thomas Caflisch (Head of FX & PM Solutions)08:55 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player. 

Squawk Pod
Pharma Bets & College Controversies with Ken Langone 12/13/23

Squawk Pod

Play Episode Listen Later Dec 13, 2023 34:15


Billionaire investor, Home Depot co-founder, and NYU Langone Health board chair Ken Langone discusses his latest market buys, his calls for pharma stocks, and his apprehension about investing in China. Former SEC Chair and University of Pennsylvania professor Jay Clayton joins Ken Langone in a discussion about leadership on American college campuses in the aftermath of controversial testimonies from university presidents on Capitol Hill. Plus, Netflix has released viewership numbers, Presidents Biden and Zelenskyy shared a hug in the Oval Office, Pfizer disappointed investors, and US Treasury Secretary Janet Yellen believes that we are on our way to a “soft landing.” Ken Langone - 14:00Jay Clayton - 25:42 In this episode:Andrew Ross Sorkin, @andrewrsorkinBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie

China Insider
Biden-Xi Meeting, Military Crisis Hotline, and Economic Decoupling

China Insider

Play Episode Listen Later Nov 14, 2023 27:22


Shane Leary joins Miles Yu to discuss the long-awaited meeting between President Biden and Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation Summit in San Francisco, the importance and challenge of establishing a military-to-military communications hotline with China, and US Treasury Secretary Janet Yellen's recent statements regarding de-coupling.Follow the China Center's work at https://www.hudson.org/china-center

Wake Up Memphis Podcast
Liz Peek: This Is the Most Incompetent Member of Biden's Cabinet

Wake Up Memphis Podcast

Play Episode Listen Later Oct 31, 2023 12:11


Fox News Contributor Liz Peek slammed 'lying' US Treasury Secretary Janet Yellen in relation to renewed conflict in the Middle East.See omnystudio.com/listener for privacy information.

Bloomberg Talks
US Treasury Secretary Janet Yellen Talks Economy, Hamas, China

Bloomberg Talks

Play Episode Listen Later Oct 26, 2023 33:01 Transcription Available


US Treasury Secretary Janet Yellen discusses the state of the US economy, additional sanctions on Hamas, and China's relationship with the US. She speaks to Bloomberg's Peggy Collins in Washington DC.      Full Transcript:     US Treasury Secretary Jenny Allen. She joins Bloomberg News in Washington, d C. For a conversation around the economy, moderated by our Washington Bureau Chief Peggy Collins. I think we'll start off with the economic data that came out this morning, third quarter GDP showing a robust four point nine percent growth rate a pace in the third quarter. When you look at those figures, do you think we've likely avoided a recession or do you think it's too good to be true because inflation is still so high. Well, it's a good, strong number, and it shows an economy that's doing very well. Let's remember it is just one quarter's number, and I'm not expecting a growth at that pace to continue. But we do have good, solid growth. You know, probably the year will come in close to two and a half. I wouldn't be surprised if we see that we have solid job creation, a low unemployment rate, increased engagement in the labor force. Labor force participation is strong, more people want to work, and inflation's coming down, and you don't really see any sign of recession here. I have to say I've been saying for a long time that I believed there was a path to bring inflation down in the context of a strong labor market. Frankly, it's only it's about a year ago since I believe a Bloomberg model predicted that by October of twenty twenty three. Now, namely that you saw at the odds of recession at one hundred percent, I don't think we have that. You know, what we have looks like is soft landing with very good outcomes through the US economy. So I think there's a lot to be pleased about. And you see good strong consumers spending, consumers still have substantial wealth, it's substantially since the pandemic. I think it's supporting good, strong spending and the economy is doing well, and I think US growth is making a contribution to stronger global outcomes as well. So you just pointed to a number of things that are positive about the US economy. But we've done a lot of reporting in recent months that here at Bloomberg, who sent reporters out all across the country, and what we're hearing from people on the ground is that when you ask them about their personal finances, they feel pretty good. For a lot of the reasons you just mentioned the labor market, their ability as consumers to spend, But when you ask them about the direction of the US economy, the sentiment is much more downbeat. So what can you do to close the gap on the positive side in terms of how people feel about the US economy, especially as we head into an election year. So I think Ricans have been through a lot with the pandemic and the lockdown for almost two years than a period of high inflation. And as you say, they do seem to feel good about their own personal finances. Surveys of job satisfaction suggests people feel good about their work too. We've rarely seen higher numbers on job satisfaction, but they seem very worried about the economy and that things are not doing well. You know, the US economy has suffered from structural problems from a very long time. For a very long time, A significant share of the population, particularly those who haven't had a college education, who have really not seen meaningful growth in their real income and have seen a decline in job opportunities over really approaching fifty years. And I think what Americans need to know is that the Biden Harris administration is really decisively changing that we are investing in America. We have passed three a trifecta of legislation that people will increasingly see who've been suffering from a shortage of job opportunities. I think they're really going to see things change. First of all, we're spending an enormous amount to repair America's infrastructure, and increasingly people are going to see their roads that they get hung up on every day. It's hard to commute with potholes everywhere. It's going to be fixed, Bridges are going to be improved. Reports, people are going to within the next several years, virtually every American will have access to good, good internet, so improving digital economy. And we've seen an enormous set of investments announced in response, largely to the Chips and Semiconductors Act and to the Inflation Reduction Act in clean energy, and jobs are being created. What we see in this past year is that a disproportionate share of the jobs that are being created are in communities that have had less economic opportunity, communities with below average incomes and with a below average share of people who have a college education. So this means that uppportunity will increasingly come to people who really haven't in a sense, gotten a fair shake over the last fifty years, as they've seen jobs disappear. And you know, President Biden and Vice President Harris and I really believe that you ought to have access to a good job, even if you don't have a college education. And increasingly I think people will see that good opportunities are being created. Certainly, the President is trying to go out and explain to people what this longer term, medium term agenda. He would say, it's a matter of growing the economy from the bottom up, in the middle out. What we've had is too much of trying to grow the economy to trickle down from the going with gains going to the top with a hope that it will trickle down. And I think we beginning to see the fruits of these investments begin beginning to pay off. So I think the Americans have a lot to look forward to and beginning to see this in their daily laws. So we were just talking about americans perception of the economy. But another thing we follow closely here at Bloomberg globally is investors perception of the economy. So I want to ask you a little bit about the rise in yields that we've seen. We've seen yields surging over the last few weeks. The ten year treasury rose above five percent earlier this week. What's your view on what is driving that surgeon yields and how much of it is connected to investors' concerns about the US deficit. Well, I don't think much of it is connected to that. This is a global phenomenon in advanced countries. We're seeing yields go up in most advanced countries of the world, and largely I think it's a reflection of the resilience that people are seeing in the US economy. That we're not having a recession, that consumer spending and demand continue to be strong. The economy is continuing continuing to show tremendous robustness, and that suggests that interest rates are likely to stay higher for longer, and so part of the increase in yields I think is simply a reflection of the strength of the economy, the notion that interest rates will be higher for longer. Now, whether or not that's really true, if we look at five or ten years, what are interest rates likely to do? Honestly, for a very long time we've felt that interest rates over decades had been coming down real interest rates, and that there were deep structural reasons for that, in part relating to demographics and those underlying trends. They're still there, they're still in force. So I think it's perfectly possible that we will see longer term yields come down, but nobody really knows for sure. But I see the higher yields as certainly importantly a reflection for stronger economy. So when you think about the deficit, I think one of your preferred metrics for assessing US fiscal stability is to look at the net interest outlay as adjusted test relation. And right now, I think you've said that those levels seem good to you, but there are in real terms, it's about one percent a little bit under that. So that's helpful in terms of kind of the next figure I was going to mention is several economists out there are forecasting that that figure by twenty thirty could be well north of two percent. So at that level, would you be alarmed? In terms of the sustain fhysical sustainability. Let me just say, fiscal sustainability is really critical, and President Biden is committed to putting forward a fiscal plan that shows fiscal sustainability and uncertainty about interest rates. Interest rates do influence what the path of that real net interest is going to be. There's a bigger challenge if the interest rate path stays higher. President Biden has already supported deficit reduction measures in the Pact, raising the dead ceiling and other legislation. In the Inflation Reduction Act, there's a trillion dollars of deficit reduction, and he proposed a budget that both invests in America continues to do that and also has riffin you raising measures that would result in another two and a half trillion dollars of deficit reduction over the next decade. So, yes, we have to put forward fiscal plans that will keep the deficit manageable and keep this real net interest cost I would say well below two percent. So the higher the interest rate path, the more that we need to do. I want to take a moment a secretary and turn to the global outlook. With the Israel Hamas war happening in the Middle East, I think there's a concern by some that the war could spread or expand to broader in the region. I know that that's not your base case. But if that was to happen, could you walk us through your wrist scenario for what that might mean to the global economy. So I guess I have to say my focus is, I look now at what's happening to the Middle East. Really is the tragedy, the human tragedy that's taking place with the Israelis have suffered, and of course we're worried about casualties in Gaza as Israel, you know, pursues its war against Thomas and so it's really the human suffering that I think should be our focus in countering terrorism. We're monitoring the economic consequences carefully. I so far, I would say we've not yet seen much that has global consequences. Oil prices are largely flat. What could happened if the war expands. Of course there could be more meaningful consequences, but I think it's premature to speculate against about those, and I think our focus should be keeping miscontained and not spreading so on Hamas. I know the Treasury Department has taken further moves in the last few weeks to restrict financing to Hamas, and your under secretary Brian Nelson is actually in the Middle East right now. Do you think there's room for further restricting or limiting financing to Hamas and if so, can you tell us what might be some of the next steps. So I can't comment on any specifics concerning sanctions we have not yet put in place, but what I can say is we have taken a large number of steps just over the last year to put in place sanctions to try to reduce the avenues for financing of Hamas, and in the aftermath of this attack last week, we put additional sanctions in place. My Undersecretary, as you mentioned, will be in the Middle East and Deputy Secretary Ademo is leaving tonight for a trip to Europe to also discuss working with our allies on sanctions. And we are certainly looking at further opportunities we see to try to reduce this flow of financing to Himas where all over this and are likely to do more. So. One final question on the Middle East before before we turn to other topics on Iran, can you help us understand are the six billion dollars in Iranian oil proceed assets the US treasury from access by Iran right now as they sit in a Katari account. I guess all I can really tell you is that not a penny of that money has been touched. The Trump administration agreed to allow Iran to sell oil, and the sales were largely to Korea, and the proceeds were held in a Korean bank account and only permitted to be used for humanitarian purposes, without any direct funding ever going to Iran. And those proceeds were moved from Koreer to Kitar. They still sit there. They can only be used for humanitarian purposes. They have not been used. And I don't feel comfortable saying more about diplomatic conversations that are taking place, but Iran has not touched those phones. We just as mentioned diplomacy, and so much of your role as secretary has been actually traveling around the world. We often think of the Treasury Department as so domestic, but so much of what you've done is international, and you're seen as a liberal economist supportive of free trade. I wondered your thoughts on how concerned are you that some of the Biden policies may be sealing a mistrust of globalization that was ramped up in the Trump administration. And whether that's actually good for the US economy. Well, I think that's a great question. I've talked about concept I call friendsuring. So I think it's a consequence partly of the pandemic and partly Russia's invasion of Ukraine. We've come to the realization that our supply chains, America's supply chains are not secure, and in some cases we're overly dependent on countries like China. And what we need to do is to take steps as a country to reduce our vulnerability and to diversify our supply chains. And to some extent that involves reassuring things to the United States and doing more here, and certainly in the area of clean energy. The Inflation Reduction Act has incentives to do more in the United States, and the desire there, in part is to create good jobs in industries that are likely to be drivers of future growth, whether it's semiconductors or clean energy. But we don't want to forego the benefits of globalization and trade, and so the idea of friendshuring is that we want to be able to rely on a broader set of countries to do trade and investment. To deepen our trade and investment relationships with countries that we feel are trustworthy that can be reliable parts of a global supply chain that we take part in. And part of what I've been doing is traveling around the world talking to countries about developing our supply chain relations And of course we're very close partners with Europe, with Canada, Mexico, other countries with whom we have free trade areas, but many more countries. We're deepening our relationships with India, with Vietnam, So we want this to be broad. We understand and that the international division of labor with countries taking advantage of the benefits of comparative advantage, doing what you're most efficient at, relatively efficient at that this is a great set of benefits both for the United States and also countries that are given the opportunity to trade and that contributes to their growth. So we don't want to forego that, and we do want to maintain the benefits of globalization, but without the vulnerability that comes from a undue reliance on a few countries that may restrict trade for political or other reasons. So you mentioned broadening our network of friends that we can have partnerships with, but also China I know you took a trip to China and to Beijing this summer. You've been talking about how our policy should really be around de risking or diversifying rather than decoupling. But what do you think is the current status of that. Do you think the Chinese have adopted that and feel like they can trust us on that front, or do you think they still really think that we're in a competition with them first and foremost. So, I mean we've particulated a strategy. As you said, it involves de risking in some areas where we're overly dependent on China, and clean energy is a good example. We also intend to focus on national security. That's an area that we're not willing to compromise on, and so we do have export controls. We continue to review them. We're working on a set of restrictions on outbound and vestment to China. We've discussed this with them and put out a proposal that's in the public domain. I think comments just closed on it. But our objective there is to target what we do as narrowly as possible so that it really focuses on national security. That it is not an intention in that to harm the prospects of Chinese economic development and the welfare of the Chinese people. So we intend to have healthy competition and mutually beneficial trade and investment with China in many areas. I've tried to make this clear. And then importantly, the third prong of it is we need to work together on global problems. Debt relief is one of those problems. Climate changes another, but there are many examples. So that's what we're trying to do in terms of our strategy. You know, President Biden and President she met in Bali. I guess it's just over a year ago. I was at that meeting. In more or less two over two years, almost no senior level contact had taken place during the pandemic between China and the United States, and I think that was a dangerous situation. And especially when there are disagreements, it's actually important to be able to discuss them, to talk through, to see the other country's point of view, and to discuss areas where you're not in sync. And it was recognized by both sides that we needed to talk more to deep in our discussions, exchange of information, and particularly in economic areas macroeconomic performance, financial markets, where our behavior has spillovers a back and forth to one another, and also our decisions affect the global outlook as a whole. And that's what I tried to begin in my meetings that I had in China, and things have continued very positively from there. We've formed two working groups. They report to me and my Chinese counterpart of Phone. One concerns economic matters, the other financial matters. The working groups met earlier this week. Both of them met and we now have a set of very constructive and deepening discussions about areas of mutual concern. And it's good to have contacts throughout our chain. It levels below Secretary staff low full discussions and channels of communication where when the problem arises, each side can pick up the phone and discuss it before it rises to the level of a real, really serious disagreement. So I think this agenda is working. We certainly will continue to deepen our economic relationship and discussions, and I'm feeling very good about how things are going there. Turning back to the US Secretary Yellen, you've described the Biden administration's economic policies as something you referred to as modern supply side economics, and with those policies. They're aiming to increase the productive capacity in the US. That's right, Well, that's a pretty good big goal. So can you talk to me a little bit about how long do you think it's going to take for some of those policies to become entrenched enough that they stick and have a real impact people. And the reason I'm asking is because I'm looking ahead to next year. The election is coming up. What's at stake if the Democrats don't retain the White House in terms of the ability for some of those policies to take hold. So, yes, modern supply side economics, it's in part of growth strategy, and this is something Republicans and Democrats I think share. A desire to see real wages and incomes increase, to see economic welfare for the broad set of Americans to improve over time, and an economic growth or quote supply side strategy. This isn't a matter of demand management. It's a matter of improving our economy's ability to produce goods and services over the medium to long term. I think agree on that it's widely accepted. The Republican strategy has been, as I said, largely a trickle down strategy of giving tax breaks or deregulation to the rich and corporations in the expectation or hope that benefits would trickle down. More broadly, I see that as a failed strategy and one that has really not been successful it creating broad shared prosperity. And I see modern supply side economics as having the same objective but proceeding in a different way. And there are many factors that are inputs into growth besides private investment. For too long we ignored infrastructure. So investing in America's infrastructure as a return produces benefits R and D. You know, we're now really after having decades in which US spending on research and development, certainly at the federal level, had fallen to very low levels. Were no longer one of the leading countries in terms of the resources we devote to R and D. That we've stepped that up substantially in the legislation that's been passed. And what we want is also growth. It's equitable, so addressing inequality as saying, for over fifty years, essentially the median American really saw very little growth, little or no growth in their real income. We want to change that. We want to make sure that opportunities are created, especially for those who don't have a college education and live in places. You know, we've had so much growth on the coasts, but many parts of the country geographies that it seems progress is passed by. And so if you look at the legislation that's been passed and the investment plans that have been announced, we've seen over six hundred billion dollars in new investments that have been announced. Now, it takes a while to get those in place, but look at where are those investments occurring. There are occurring in parts of the country that have not seen that kind of investment. And you know, we're seeing electric vehicle production and battery production in many parts of the country that have been sorely hurting for good jobs. And so it will take a while for Americans to see the benefits of this. But even now, I think many Americans can see the good jobs are being created in manufacturing, which is not done well over decades in the United States. So I believe that opportunities will be created and people will be able to see that over time in their daily lives. No matter what secretary you've been in public service nearly five decades now, holding the it's a long time. It's a lot of working years. As you show the labor economists, I will say that you've held the top economic posts across the CEA, FED and now Treasury. But you're also known as a technocrat and a policy maker rather than a political animal. Per se. When you look at the divisiveness in Washington, and we've just seen the past few weeks, even just on Capitol Hill, are you concerned that there's less and less room for a person like you to come into government in Washington and make a notable difference at the highest levels if you're not as politically driven as policy driven. I guess I see that we have a government that is filled with people who are professional, technically proficient, and dedicated to good policy. And we are trying to put in place good, sound, technically solid government policy in almost everything we do. And in spite of the difficult political environment that we're in, President Biden and Vice President Harris, in the time they have been in office, have succeeded in a bipartisan way in having a great deal of meaningful legislation passed. The Treasury Department. I spend a good share of my time working with very capable people in our tax policy Department. We're charged with writing all of the rules that are governing of the tax incentives in the Inflation Reduction Act. Those that will are really creating enormous opportunities in connection with clean energy, and we've gotten an allocation of funds to restore the Internal Revenue Service, to restore their ability to both serve American customers who deserve to have somebody answered the phone when you when you call and have been missing that for a long time, and also to actually collect the taxes that our tax code says people owe. And when you think about the fact that over over ten years, that gap, namely the quantity of tax revenue that's due but not paid, is estimated it's seven trillion dollars. We're in the process of restoring all of that. And the people who are doing this are a largely a civil service that is tremendously competent, professional and dedicated to making the United States function well. So I think there's plenty of scope for good policy, and I hope we're in the process of doing it in spite of some of the what seems like political dysfunction in our country. Well Secretary Yellen, Thank you so much for joining us today and giving us so much of your time and sharing your insights. It's a true pleasure. Thank you so much. Thanks for having that. Thank you, the Secretary of the US Treasury. They are Jannet Yellen, speaking with our very own Peggy Collins and our Washington BureauSee omnystudio.com/listener for privacy information.

Springfield's Talk 104.1 On-Demand
Nick Reed PODCAST 08.17.23 - Inflation, Hunter Biden, and MORE.

Springfield's Talk 104.1 On-Demand

Play Episode Listen Later Aug 17, 2023 43:30


Hour 2 -  Good Thursday morning! Here's what Nick Reed covers this hour: Tuesday was the two-year anniversary of the fall of Kabul... The Biden administration was silent. CNN has a story about inflation. US Treasury Secretary Janet Yellen appeared on CNN where she responded to poor economic approval ratings, saying Americans are nonetheless optimistic on a personal level. President Joe Biden seems to be taking a break from appearing in public with Hunter Biden amid the first son's ongoing legal troubles.

Business daily
G20 finance ministers meet as UNDP warns of 'human cost of inaction' on debt

Business daily

Play Episode Listen Later Jul 17, 2023 5:19


US Treasury Secretary Janet Yellen has called on rich countries to speed up debt relief to developing nations ahead of the G20 finance ministers' meeting in India this week. Her call comes as a new report by the United Nations Development Programme (UNDP) shows that the number of countries that spend more than 20 percent of their revenue on debt repayments is at its highest level in over two decades, reducing their ability to invest in social programmes. In today's show, we speak to the head of the UNDP, Achim Steiner.

The Energy Gang
The Race To Lead The World In Clean Energy

The Energy Gang

Play Episode Listen Later Jul 14, 2023 54:25


Bidenomics' is the new buzzword that the US administration is using to brand its industrial strategy. What does it mean for energy in the US, and around the world?Last week, President Joe Biden spoke in South Carolina about his economic vision: a strategy that he is calling “Bidenomics”, with the energy transition is right at the heart of it. By “turning the climate crisis into an opportunity”, the White House says, the US can create good-paying jobs in clean energy while also bringing down consumers' energy costs. When the president and his administration talk about their energy policies, the focus is generally on jobs, investment, and the international race to lead in the technologies of the future, not the need to reduce greenhouse gas emissions.The Inflation Reduction Act was the legislative core of this plan, with its array of incentives for low-carbon-energy, and for US-produced equipment in particular. As we approach a year since it was passed, there is plenty of evidence that it is contributing to upturn in US manufacturing. Spending on new factories has been tracking at a rate of about $190 billion a year, triple the average rate of the 2010s. But are there dangers in the administration's drive to create new domestic industries in low-carbon technologies?To discuss that question and more, host Ed Crooks is joined by regulars Melissa Lott and Amy Myers-Jaffe. Melissa is Director of Research at Columbia University's Centre on Global Energy Policy, and Amy is Director of the Energy, Climate Justice, and Sustainability Lab at New York University.One of the biggest issues in terms of international tensions around renewable energy manufacturing is China, which is currently the dominant producer for products and components such as batteries and solar panels. At the same time as it is trying to wrest global leadership from China in some of those key sectors, the US is also arguing that the two countries need to work together to tackle the threat of climate change. Melissa was in China last week – as was US Treasury Secretary Janet Yellen – and shares her insights on the implications of two countries' energy strategies.One new development is that China is restricting exports of gallium and germanium, which are used in semiconductors, fibre-optic cables, and some electrical equipment. Amy discusses what these restrictions might mean for energy producers. And the gang discuss the question: what does this new trade flare-up teach us about how much countries need to work together to make the progress we need in developing clean energy? If our world's greatest challenges, including climate change, can only be solved through co-operation, does competition between countries risk pushing us off course?Join the discussion on Twitter – we're @theenergygang, or visit woodmac.com/podcasts for more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Health Ranger Report
Brighteon Broadcast News, July 10th, 2023 - WORSE THAN CBDCs: Globalists publish plan for worldwide financial ENSLAVEMENT under "unified ledger"

The Health Ranger Report

Play Episode Listen Later Jul 10, 2023 110:47


0:00 Intro 2:00 Jamie Foxx 6:05 Chlorine Dioxide 11:10 DCTV 17:15 BRICS Breaking News 34:23 Bizarre Moment 41:50 Elon Musk 50:57 "Unified Ledger" 1:06:55 Interview with Dr. Kirk Moore  - Russia confirms a new BRICS gold-backed #crypto solution will be introducted to the world - De-dollarization will accelerate as the world drops the weaponized greenback currency - US Treasury Secretary Janet Yellen bows like a whimpering DOG in front of China official - China restricts exports of gallium and germanium, choking off U.S. supply chains - Massive Starlink manufacturing facility in Central Texas photographed with huge underground tunnels - BIS publishes plan for total worldwide enslavement of the masses - All financial assets will be "tokenized" and controlled by a "unified ledger" - Globalists can alter the ledger at any time, to take away your assets based on your social credit score - You will literally OWN NOTHING (and be doped up with psychiatric drugs to "be happy") - Full interview with Dr. Kirk Moore, who is persecuted by the U.S. government For more updates, visit: http://www.brighteon.com/channel/hrreport NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies and personal liberty (food freedom, medical freedom, the freedom of speech, etc.). Together, we're helping create a better world, with more honest food labeling, reduced chemical contamination, the avoidance of toxic heavy metals and vastly increased scientific transparency. ▶️ Every dollar you spend at the Health Ranger Store goes toward helping us achieve important science and content goals for humanity: https://www.healthrangerstore.com/ ▶️ Sign Up For Our Newsletter: https://www.naturalnews.com/Readerregistration.html ▶️ Brighteon: https://www.brighteon.com/channels/hrreport ▶️ Join Our Social Network: https://brighteon.social/@HealthRanger ▶️ Check In Stock Products at: https://PrepWithMike.com

World Business Report
Can Janet Yellen help fix US-China relations?

World Business Report

Play Episode Listen Later Jul 7, 2023 27:21


US Treasury Secretary Janet Yellen has arrived in China as part of high-stakes attempts to rebuild bridges between the world's two biggest economies. It is the second visit to Beijing by a senior Washington official in as many months and comes after the countries' relationship nose-dived this year. The visit comes just days after Beijing said it would curb exports of two key materials used to make computer chips.

Business daily
Yellen says decoupling of US and Chinese economies 'impossible'

Business daily

Play Episode Listen Later Jul 7, 2023 5:17


US Treasury Secretary Janet Yellen met with Chinese economic officials and US business leaders on Friday as she tries to soothe mounting tensions between the world's two largest economies. Also, Twitter threatens legal action over Meta's new "Threads" app, and delivery app firms sue New York City over a minimum wage law for drivers.

PRI's The World
Janet Yellen in China for trade talks

PRI's The World

Play Episode Listen Later Jul 6, 2023 48:25


US Treasury Secretary Janet Yellen is in Beijing for four days of talks on trade, investment and tariffs. We look into how the two superpowers might find common ground amid growing tensions. Also, a new report reveals larger-than-usual profits for top corporations over the past two years, all while people around the world struggled through a cost-of-living crisis. And, the Taliban have given all women's beauty salons in Afghanistan one month to close down in another blow to women's rights. Plus, the Tour de France bicycling race kicks off. We take a look at the races within the race.

Business daily
US Treasury Secretary kicks off four-day China visit amid heightened tensions

Business daily

Play Episode Listen Later Jul 6, 2023 5:22


Shortly after arriving in Beijing, US Treasury Secretary Janet Yellen said her visit was an "opportunity to communicate" and "avoid misunderstanding". Relations between the world's two biggest economies have become strained due to disputes over trade and technology. No major agreements are expected to come out of Yellen's meetings with Chinese officials. Instead, analysts say the focus is on restarting dialogue. We take a closer look at the high-stakes, low-expectations trip.

Total Information AM
US Treasury Secretary Janet Yellen travels to China to try and smooth communication

Total Information AM

Play Episode Listen Later Jul 5, 2023 7:00


Scott Lanman, Bloomberg Editor - Washington Bureau joins Tom and Megan discussing US Treasury Secretary Janet Yellen traveling to China as the two largest economies look to reset relations.    . (Photo by Erika Goldring/Getty Images FOR ESSENCE)

World Business Report
The role of the US-China relationship in the global economy

World Business Report

Play Episode Listen Later Jul 3, 2023 27:22


The US Treasury Secretary Janet Yellen has announced that she will be in China later this week. She recently warned that the collapse of relations between the two countries would pose a huge risk to the global economy.

SD Bullion
BRICS Move to Gold August 22, 2023

SD Bullion

Play Episode Listen Later Jun 26, 2023 13:13


US Treasury Secretary Janet Yellen's admission in Paris suggests forthcoming regional bank failures or consolidations. She advocates for balance sheet expansions of the IMF and World Bank to tackle the impending global crisis. Yellen acknowledges the rising competition from the east and the BRICS, highlighting the US dominance in flooding the global system with fiat dollar denominated debts. Bestselling author James Rickards predicts a transition to a gold-linked currency trade settlement system by the BRICS+. While some may be skeptical, his claims await validation in the near future.

P&L With Paul Sweeney and Lisa Abramowicz
BONUS EPISODE: Janet Yellen Speaks To Bloomberg

P&L With Paul Sweeney and Lisa Abramowicz

Play Episode Listen Later May 12, 2023 12:22


US Treasury Secretary Janet Yellen sat down for an exclusive interview with Bloomberg News. She speaks with Bloomberg's Annmarie Hordern on the sidelines of a Group of Seven gathering of finance officials in Niigata, Japan. See omnystudio.com/listener for privacy information.

Market Maker
MM112: Is the US heading for an 'economic and financial catastrophe'?!

Market Maker

Play Episode Listen Later May 12, 2023 44:57


Talk about the US debt ceiling is starting to heat up. US Treasury Secretary Janet Yellen urged Congress on Thursday to raise its debt ceiling, warning that a US default would produce an “economic and financial catastrophe” that would trigger a global economic downturn and risk undermining the country's ability to provide global leadership.So what is the debt ceiling? could we default? and might former President Donald Trump have the best negotiating tactics?!We also discuss US inflation after the April CPI report saw the headline figure drop below 5% for the first time in two years, and we take a look at why major investment banks have changed their tune on the prospects for the British Pound.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

The Stand with Eamon Dunphy
1718: Despite serious trouble with the law Donald Trump is back at the top of the Republican Party

The Stand with Eamon Dunphy

Play Episode Listen Later May 7, 2023 28:09


Niall Stanage joins Eamon to talk about the trial of four Proud Boys for the 6th January 2021 attack on the Capitol, Special Counsel Jack Smith's case against Donald Trump as Trump continues his campaign for 2024. They also discuss US Treasury Secretary Janet Yellen's warning that the US may run out of cash by 1 June if Congress fails to raise or suspend the debt ceiling and Democrats' concerns about Joe Biden's decision to run in the 2024 Presidential election. Niall Stanage is Associate Editor on The Hill and White House columnist for that publication.Recorded on Friday 5th May 2023. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.

Beyond Markets
The week in markets - April is a good month for stocks

Beyond Markets

Play Episode Listen Later Apr 18, 2023 8:34


In this episode of The Week in Markets, Julius Baer Investment Analyst Jen-Ai Chua reminds us that April is historically a good month for stocks. Good Q1 earnings by American banking heavyweights certainly support this view. A pause in rate hikes would be an added catalyst, but whether this will materialize in the US is still very much anyone's guess, going by the different views held by US Treasury Secretary Janet Yellen and various Fed governors/presidents on the matter. Over in Asia, the monetary tightening cycle appears to be close to an inflection point with more central banks keeping tightening on hold. Hopes that Japan will tighten appear to have run into a temporary speed bump as the new BoJ governor remains resolutely set on 'aggressive easing'. That, however, is not stopping Warren Buffet from placing his bets on Japan - the only non US market he is currently invested in. We wish Muslim listeners Eid Mubarak and all listeners a Happy Earth Day.

Multipolarista
Sanctions ‘undermine hegemony of dollar', US Treasury admits

Multipolarista

Play Episode Listen Later Apr 18, 2023 26:30


US Treasury Secretary Janet Yellen admitted to CNN that Washington's unilateral sanctions on countries around the world “could undermine the hegemony of the dollar”. VIDEO: https://youtube.com/watch?v=Ser-BHLOkvk Sources and more information here: https://geopoliticaleconomy.com/2023/04/17/sanctions-hegemony-dollar-us-treasury-yellen BRICS Bank de-dollarizing, promises 30% of loans in local currencies, new chief Dilma Rousseff says: https://geopoliticaleconomy.com/2023/04/15/brics-bank-dollar-local-currencies-dilma Countries worldwide are dropping the US dollar: De-dollarization in China, Russia, Brazil, ASEAN: https://geopoliticaleconomy.com/2023/04/06/dedollarization-china-russia-brazil-asean

Ron Paul Liberty Report
Janet Yellen: Iran Sanctions Not Working

Ron Paul Liberty Report

Play Episode Listen Later Mar 27, 2023 29:43


US Treasury Secretary Janet Yellen admitted over the weekend that US sanctions on Iran are not "changing behavior" of the government in Tehran, but vowed to strengthen the measures anyway. Sanctions don't work? Sanction harder! Also today: US staying in Syria regardless of escalation. And...why were the cops egging Jan 6th protesters to go into the Capitol?

FULCRUM News with David Seaman
Charles Schwab's Credit Default Swaps Surging In Sign of Possible Trouble - Banking Crisis Updates 3/25/2023

FULCRUM News with David Seaman

Play Episode Listen Later Mar 25, 2023


As discussed on tonight's evening news update, Charles Schwab's CDS agreements — the cost to insure bondholders against possible default/failure — are spiking. Earlier in the day, concerns grew around European financial group Deutsche Bank, and US Treasury Secretary Janet Yellen convened a closed door meeting of top American bank regulators. Read my new book: https://www.amazon.com/dp/B0BVGWJH36 Previous podcast episodes and show info: https://www.fulcrumnews.com/podcast

The Higher Standard
The Big SVB Episode

The Higher Standard

Play Episode Listen Later Mar 17, 2023 91:06


As we already know, Silicon Valley Bank, one of tech's favorite lenders, has collapsed, becoming the second-largest bank failure in US history. The bank's blowup has sent shockwaves across the tech sector, Wall Street, and Washington, amid concerns that other banks could be in trouble or that contagion could set in. In the days after SVB's collapse, the panic appeared to spread, leading to the failure of additional banks, including Signature Bank of New York, which had bet on crypto. But it's not clear how serious the fallout will be.In this episode of The Higher Standard, Chris and Saied examine this news and determine the effect it will have on the economy as a whole.They discuss news that Goldman Sachs no longer believes that the Federal Reserve will deliver a rate hike at its meeting next week, citing “recent stress” in the financial sector.Chris and Saied look at comments from US Treasury Secretary Janet Yellen indicating that a major government bailout of Silicon Valley Bank is not an option.They also offer some thoughts on the departure of Silicon Valley Bank CEO Greg Becker from the board of directors at the Federal Reserve Bank of San Francisco.Join Chris and Saied for this fascinating and informative conversation.Enjoy!What You'll Learn in this Show:What actually happened at Silicon Valley Bank and which sector has been hurt most by its collapse.Why 14 years of artificial interest rate deflation and unprecedented interest rate increases were guaranteed to create problems.The bizarre phenomenon of new jobs being implemented on a monthly basis while layoffs continue to happen.How Silicon Valley Bank made the Forbes list of America's Best Banks for the fifth consecutive year.And so much more...Resources:"What's Going on With Silicon Valley Bank?" (article from The Wall Street Journal)"US Discusses Fund to Backstop Deposits If More Banks Fail" (article from Bloomberg)"Treasury Secretary Janet Yellen says U.S. government won't bail out Silicon Valley Bank" (article from CNBC)"Strong jobs report shows 311,000 jobs added in February" (article from CBS News)"Fed Rate Pivot Is Back in Play" (article from Bloomberg)"Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system" (article from CNBC)"CEO of failed Silicon Valley Bank no longer a director at San Francisco Fed" (article from Reuters)

TRUNEWS with Rick Wiles
Shekel Shuffle: Janet Yellen's SVB Bailout was for Israeli Tech Firms

TRUNEWS with Rick Wiles

Play Episode Listen Later Mar 15, 2023 106:45


Silicon Valley Bank's collapse last Friday created a panic among many Israeli technology companies that had money deposited at SVB. In addition, many Israeli tech startups relied on SVB for funding. Two Israeli banks helped transfer a billion dollars from SVB to Israel hours before the crash. Even more astounding is that billions of more dollars were deposited by Israeli tech companies in SVB and benefited from the US government's emergency bailout announced last Sunday. On today's edition of TruNews, We'll cover the facts about the US Treasury Secretary Janet Yellen's bailout of Israeli corporations, plus explosive new developments in the House investigation of the Biden crime syndicate. Rick Wiles, Doc Burkhart. Airdate 3/14/23 You can partner with us by visiting TruNews.com/donate, calling 1-800-576-2116, or by mail at PO Box 690069 Vero Beach, FL 32969.The Fauci Elf is a hilarious gift guaranteed to make your friends laugh! Order yours today! https://tru.news/faucielfIt's the Final Day! The day Jesus Christ bursts into our dimension of time, space, and matter. You can order the second edition of Rick's book, Final Day. https://www.rickwiles.com/final-day

PRI's The World
Blinken heads to Middle East amid spike in Israeli-Palestinian tension

PRI's The World

Play Episode Listen Later Jan 27, 2023 48:27


US Secretary of State Antony Blinken will head to Egypt and onward to visit Palestinian and Israeli officials. He will arrive on the heels of an Israeli counterinsurgency raid that killed at least two civilians and ratcheted up tensions on either side of the Israeli-Palestinian conflict. And, US Treasury Secretary Janet Yellen visited South Africa this week. South Africa is planning on holding joint military drills with China and Russia on the anniversary of the invasion of Ukraine. Also, 23 Jewish doctors forced to stay in the Warsaw Ghetto documented what starvation does to the body. Their book was recently rediscovered by a Tufts University professor. Plus, happy birthday to Wolfgang Amadeus Mozart, born on Jan. 27, 1756.

World Business Report
The battle for Africa's resources

World Business Report

Play Episode Listen Later Jan 25, 2023 27:56


US Treasury Secretary Janet Yellen was on an official tour in Africa as she vows to strengthen ties with the continent. This comes as China continues to increase its influence there. India's richest man has seen more than 10 billion dollars wiped off the value of his companies. That follows a report by the Hindenberg Research group targeting the conglomerate owned by Gautham Adani. The Cairo International Book Fair in Egypt will see attendants be able to buy books in instalments. This is because the price of books continues to increase due to rising inflation. This has lead to some Egyptian authors cutting back on the length of their writing to be more economical.

Newt's World
Charles Thorngren on Financial Planning for a Recession

Newt's World

Play Episode Listen Later Dec 13, 2022 12:55


Newt talks with Charles Thorngren, Founder and CEO of Legacy Precious Metals, about the latest comments from US Treasury Secretary Janet Yellen on whether we're headed for a recession. Find out more by calling 866-484-4043 or go online to www.buylegacygold.com/newtSee omnystudio.com/listener for privacy information.