19 Burst results for "Jonathan Fenby"

"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

Monocle 24: The Monocle Daily

08:40 min | 3 months ago

"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

"But i think china and iran very good at doing this giving just in our freedom that when they roll it back they can then just lift the lid on the pot let off some steam and then again go you know then again. Crackdown again. so i think they're actually really good at taking away freedom and giving it. They allow people the sense that they have just enough getting something more. I mean you. Crackdown on gig gig economy firms. And you say you're channeling more mummy to the poorest sections of society. Crackdown on Expensive educational tutorial systems and companies. And you say that's helping the middle class because now you can to your children without spending a fortune. Just a final quick on this one jonathan. It's it's another slight. I don't think outrageous overlap between afghanistan story and this story is that one of the old subtexts of reaction to afghanistan has been an amount of gloating in taiwan's direction by various meteorologists. Very much suggesting. How reliable analysis does the united states look to you. Right now is how will this week's events in kabul has been seen in beijing. Well they'll play out the taiwan call at saint the taiwanese. You can't dependent upon america in life. Fire drills in the taiwan strait earlier on this week but that afghanistan and taiwan are not the same in any way more to the point in china For china is also taliban. Victory mean more support for a week irs in the west of china. that's so they're really afraid of allow. Try probably try to buy off the taliban with some juicy infrastructure projects. Well let's go back now to the. Uk's parliament the recall of which as we discussed earlier was also the cue for a recurrence of a great british journalistic tradition e theatrical outrage at the fact that certain politicians happened to be on holiday when a crisis struck foreign secretary. Dominic rab. who was holidaying in greece. As kabul fell has caught the worst of it on this occasion. Though there is a makeable case that a same government might have asked in the circumstances if he could go even further away. Uk prime minister. Boris johnson does have form on this front himself as mayor of london ten years ago. He initially declined to cut short a holiday in canada as his city. This city was consumed by riots. Jonathan you you have stupid. Newspapers through many silly season. Is this really fair especially in the modern age whatever sympathy you may have for the politician. They have phones. They have laptops. They can be kept up to date absolutely they can keep can touch. They don't need but it is this kind of Rushing the outboard jumping on a plane rushing home and solving the crisis which is all that. I can only say Way back when. When i was deputy to the guardian newspaper here the deputy editors of national papers used to have a kind of ring round in august saying. Let's keep our bosses on holidays because we're running the paper and so many stories break in august the first gulf war for instance the coup against gorbachev and the first world war You haven't been in journalism that long known starting to wonder remediated what jonathan describes. They're the sort of the the demands that somebody fly back and indeed the actual flying back. I think back to being in australia during the bushfire crisis of couple of years ago when Prime minister scott morrison got caught on a holiday in hawaii. I mean it is all theater to an extent and in that case. Obviously you have half the country on fire in this pictures of the prime minister shorts on a beach. It's it's not a good look but is the theater itself actually important is public reassured by seeing people flying back from holidays even if it is dominic robb is the appearance of activity actually important. I think it is important. I also would like to stress. That i believe that politicians should have a lot of time off because any time to read and reflect. How stupid uses they are polticians. I should take off. Yeah and actually no on a serious note. Maybe they need to be better paid and they need more time off and maybe then we'll get british politicians so jonathan have. We arrived at the point having gone full circle on this program of starting out downing and condemning them as bunglers and records suddenly all of a sudden sympathetic to them with sympathetic to the fact that they are human and they make a lot of mistakes and they get things rolling and that quote out as is the case tragically of the my wound. And they all yes. Let's say probably entitled to that holidays. Well on that relatively forgiving note jonathan fenby remediation of i thank you both very much for joining us It is now time for the latest installment of this week series in which we are bringing you audio postcards from four north american cities holding merrill elections this year. Today it's seattle earlier this year. The city's current majete darken the first openly gay woman to hold the post announced that she would not seek reelection. The journals david kronman who reports on city politics in seattle explains how one issue in particular will likely dominate disease. Vote on november seventh. My name is david crewmen. I'm a reporter in seattle washington with the news outlet crosscut.com right mostly about local politics. City government the seattle election is a few different context. One of them. And i think the main one is around homelessness homelessness and housing prices. Both of which have been sort of the top issue among seattle voters now for probably since two thousand fourteen of for many years. I think that there has been progress in that you know. The city has built a lot more affordable housing and created a lot more indoor space. The problem is it's difficult to see that because the inflow hasn't really stopped either so you can put a thousand people into homes but two thousand people become homeless than it doesn't really feel like the city has made any progress so i think that's kind of where the city is right now. In two thousand fifteen the then mayor and king county executive declared homelessness a state of emergency and it is a state of emergency. Technically still exists as has been an emergency for six years and yet when you go downtown you still see hundreds of people sleeping in tents and so. I think you could make the argument. That in some respects there has been progress made but he doesn't feel like that i think for most people in the city of seattle. There's also now kind of added context around policing and public safety. Seattle was in some ways an epicenter of the country's major protests around policing and racism in policing protests destructive in downtown seattle tonight. Here's what we know. As of ten o'clock protests started at about noon today in seattle but turned destructive right around four. Pm when someone let a seattle police cruiser on fire since then we have seen widespread looting and destruction downtown. A curfew took effect at five pm. Tonight it is in effect until five o'clock tomorrow morning. Seattle police are now blocking all traffic coming into the city. You know a lot of people called for major changes and reimagining or even defunding the police department and so now. That debate has moved into the mayoral debate around. These two candidates are going to have the best kind answers for what a police department looks like going into the future. Act to tell you. It's so unsettling the president continues down this path weeks ago. He threatened to send federal horses into seattle city attorney and i rebuked him and said we would go to court to stop. What would be clearly illegal scheme then. Threatened to send in. Federal forces didn't do that. But we've seen what happened in portland. It has escalated the violence there. And it really undermines the ability for federal law enforcement to work together with local law enforcement to keep all community safer whether they need to the current mayor. Jenny durkan was elected in two thousand seventeen..

china afghanistan seattle kabul Dominic rab jonathan taliban Prime minister scott morrison dominic robb united states jonathan fenby Uk Boris johnson david kronman iran david crewmen beijing gorbachev greece Jonathan
"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

Monocle 24: The Monocle Daily

09:41 min | 3 months ago

"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

"Want to keep safe. Jonathan in your long experience of journalism of all kinds of view sort of developed any ideas. About what the right thing to do at a moment like that is always to stay in. Try and cover the story. The journalists have a reasonable case at various points for just thinking. This really isn't worth it. I'm off. I think you have to say journalists. Have to try to stay for as long as they possibly can. And to report as flee and accurately as i do so now that of course Begs a huge number of questions. How do you stay In difficulty is very very difficult and dangerous situations. Do you reach a point at which you just can't do the job anymore and you'll be killed probably But i think the the the basic job of the journalist is to remain as long as possible and to report on what was happening. Any may not always be. We're we're so much in the world of immediate news that in some cases it may not be immediate. This happened here last in the last five minutes and so on but it may be the long-term build up telling her story because that becomes a book. Okay well let's stay with afghanistan but look at how this week's events are being seen from here in the uk a house of commons full of sulking. Mp's ordered back from their holidays. Have spent today conducting an emergency debate on afganistan which by now to paraphrase more sued all should have reached the stage which everything has been said but perhaps not everyone has set the has been plenty of blame to distribute or deflect. The war in afghanistan has lasted through five british prime ministers to labour three conservative. Here are a couple of excerpts of what we heard today. This is the conservative. Impe and afghanistan veterans. Tom john and the former prime minister theresa may of course the nato presence was always going to end at some point in time but the withdrawal when it came to be audited planned and on the basis of conditions. It has been none of these past being. Most shocking has been the chaos and the speed of the takeover by the taliban in july this year both president fight and the prime minister indicated that they did not think that the taliban was ready or able to take over control of the country was our intelligence really so poor was understanding of the afghan government. So weak was our knowledge of the position on the ground so inadequate. Did we really believe this or did we just feel that. We had to follow the united states. I'd hope the donna winning prayer it would be alright on the night. I was never proud of him. When i was decorated by the airborne after the capture of musa qala was a huge privilege. A huge privilege be recognized by such extraordinary unit in combat to see that commander-in-chief call into question the courage with men. I fought with to claim that they ran shameful. Those who have never fought for the colors they fly should be careful about criticizing. Those who have tom chicken taught on theresa. May's speaking in today's emergency debate on afghanistan in the house of commons. Jonathan did anything in particular. Strike you about the tone of it. We should make it clear to overseas listeners. Those two very critical speeches were very much from two members of prime minister. Boris johnson's party. That lets the important thing i think. He certainly the prime minister johnson he. He looked pretty uncomfortable as you can. And this is not what he became prime minister to deal with. It was bad enough but this is even worse because it raises all the kinds of questions which his predecessor theresa may raised in her intervention. There but the interesting thing is how much of the criticism of the british government is coming from. Its own supporters Both in the press And the house of commons and that something which makes it a domestic political story too which is going to be pretty awkward for mr johnson in the months ahead remains ian duncan smith a former leader of the conservative party and also a former military officer though not in afghanistan veteran quite remarkable intervention from him. He went so far as to say that what we had witnessed in kabul. This week was a matter of shame. for the united kingdom the united states and nato. Is that an accurate assessment. Do you think yes. I think it. Isn't that cute assessment. And i would go step further to say that it's really embarrassing. For the brits on many levels not least because the brits have allowed themselves to be played by the americans this highlights their absolute inability to even be consulted by the americans. The americans abandoned their allies. And i think strategically this is a real reckoning. Four known us parts of nato on Only us an on the us being an unreliable ally. And i think it shows britain's absolute incompetence it has been that it's been parts of this american machine biden biden. Came to the white house. Saying america's back we're back in the world and now you've got this a few months later and as you said absolutely rightly this must put into question. The whole nature the alliance It doesn't mean. I did think that the united states has become a completely unreliable ally which will only look after its own interests. Parts interests often involved infra slava's two bought a raises all kinds of questions Across the world of how big the festival. How the how deep the american commitment is if a majority of domestic opinion in the. Us is forgetting out over. Not standing by An alliance and secondly just about the whole incompetence and chaos of the whole thing you know. Is this somebody you really want to have. Your future depend upon remains a political issue. Which is looming very much for the united kingdom as a consequence of what's occurred in afghanistan is of course going to be the question of refugees the united kingdom Saying i think it will take twenty thousand additional refugees from afghanistan but it is notable that across the channel president emmanuel macron of france Is taking an extremely Hardline against Much of this kind of thing. Is this just pre-election pandering from a man who knows he will probably have to fight a runoff against the front national. Or are we going to see a rush of european countries to try and avoid their responsibilities before the responsibility start turning up. I think we're definitely going to see a rush of european countries trying to avoid the responsibility I think france has has borne big lebron's than britain and he has to be elected And i still think it's really important to remember in the west that we have never we have never heard the burden of the refugees as other countries have so these. Afghans are going to be fleeing to iran and of ghana's to iran and pakistan. Who as we know historically have held the record for hosting the most mountain refugees in the world as we saw with syrian refugees wasn't the west We weren't deluged by them. It was lebanon and it was. It was Jordan so of course as we've seen with micron and as we heard in the house of commons actually quite a few. Mp said that this is going to be Another political hot potato. And it's going to be a political issue absolutely It's going to be an annoyed puts the refugee refugee Question which is something broader than on on the front burner and interestingly angular merckel today was being very very cautious about any kind of repetition of twenty fifteen will welcoming jonathan fenby and an advice. Thank you both for the moment. We will have more from you shortly. You're listening to the panel right after this. The more than one hundred and thirty years allience has expanded its business and stretched. It's brand new and innovative ways and while the world looks very different today than it did back in eighteen. Ninety one truth remains 'alliance his passion for securing people's lives and giving them courage for what's ahead no matter what. Another core principle at alleanza belief in equality of opportunity and that diversity makes a company more innovative more resilient and better equipped for the future. We are getting an extraordinary perspective on how to achieve that resilience how to ensure sound mental health and how one can build confidence whether that's in whatever tomorrow has in store or to compete.

afghanistan Impe Tom john nato afghan government musa qala house of commons tom chicken united kingdom taliban Jonathan united states theresa ian duncan smith biden biden Boris johnson mr johnson donna emmanuel macron british government
"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

Monocle 24: The Monocle Daily

07:08 min | 4 months ago

"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

"What's ahead. Nasa watt aliens confidence in tomorrow. Welcome back to the monocle daily. I'm andrew still with me. Are our guests nodding bachelor hunt and jonathan fenby. Now whenever china unveil some dramatic initiative as saying a sudden enthusiasm for the impartial rule of law. It is always worth examining the subtext. Just as president gijon ping's much vaunted anti-corruption drive was difficult to distinguish from vast apparatus for the whacking of his political enemies so a new regulatory crackdown on china's tech buccaneers might also be a means of bringing private enterprise to heal before it starts getting any big ideas. There is definitely a sense of a vice being applied. The new regulations have white hundreds of billions of dollars of the market value of several chinese tech giant's Jonathan the question often does boil down where china is concerned to. What's going on here so. I'm going to rescue jonathan al resident expert jonathan. What's going on here. That's a very frightening leading. What's going on. I think basically is that. The communist party is trying seeking to establish control over the whole tech sector This in a sense goes back to donald trump When the trade war morphed into the tech war on china realized a that it had a very big Tech industry About the it was also quite a way behind the united states in various ways that it needed to catch up and that some of these big big tech firms alibaba tencent and so on were had developed really outside the effective control of the political Authorities in the country. What we're now getting is A series of measures to bring them as you put it back to heal. Is this old bad though jonathan there. There's a certain amount of proper old school workers of the world. You're not going on here. They are they are actually also. They claim to be seeking for example. Better working standards for reuters and so on. Yes yes absolutely. And all this has to be put in the context of The year loan Run up to the communist party. Congress held every five years which will be held next autumn where xi jinping certainly wants to appear as the strong leader who's standing up the world who's encouraging chinese technology but who is also doing his best for the chinese people as a whole and that includes delivery drivers and so on and stopping educational tutoring outfits which prospered you prosper huge in china from making what could excessive prophets now ding. Do you think it's possible. We're going to see a lot. More of this sort of thing. Not necessarily just in china but elsewhere b- more open conflict i guess between governance and these extraordinarily powerful tech companies which have acquired power undreamt of by private corporations in in any previous era. Yeah i think in many ways. The kind of in the consciousness of the average person was when donald trump's twitter account was taken down. I think that was literally his platform for speaking and when it was removed it was suddenly night. He was president. The president of the united states can be muzzled by a private company. So i do think these kinds of showdowns with private companies governments will continue on. aol safe. There'll be an important part of like geopolitical geopolitical situation. When it comes to relations between countries. I think that i think is going to become a battleground definitely because also things social media as well that everyone's on everyone if you're using whatsapp. You're using twitter facebook in scranton talk. Everyone's on say and yeah. I do think it's going to be a big thing in the future. Let's move along to something really completely different. It is now more a decade. Since even france submitted to the general and overdue banishment of smoking from indoor public spaces but there is one place where french folk are still lighting up with abandoned on cinema screens. Twenty of twenty four films in competition at cannes this past few weeks featured characters wreathed in cigarette smoke as they imparted on way laden quips and one recent survey suggested that this was in fact about average more than ninety percent of french films released in the last half decade feature smoking. Jonathan would it make any difference if they didn't is is that kind of race of nicotine smoke essential cinematic atmosphere. I think it's pretty important. But you know. I'm an old cinema. Goer who goes back to the forties and thirties and people sitting around the cafe table puffing away at the town and so on and it wouldn't be the same without it. We still talk this point about the old lady down the front playing piano. By way of the soundtrack yes it says. It has a few a few ballots. Doesn't make a difference in whether or not characters Smoking i mean i. I can see the argument in terms of if it is a historical or period drama. In which that's what would have people would have been doing. It would be weird if they weren't but is it necessary voice. I mean people get killed on tv shows. But you don't see people going around killing each other. I do think it's a bit Smoke smoking is a choice. A choice for adults. I don't think people want people see this means they'll go out and do things the argument kind of video games as well. All this violence in video games people going to go out and be violent. The vigneault kind of correlations with a don't think stopping people smoking in movies when i it's it's this theater. People dying fits people murder other. People doesn't mean it's inspiring people to go in and do that in the street. So yeah i think banning smoking in films is necessary really jonathan. If we did take again smoking on cinema would we have to take a simile censorious line. On for example depictions of drinking too accessible conduct conducting shootouts during cal choices absolutely and many many other things you know and cooling your neighborhood policeman pro peace woman at An unfortunate time of the night Life would not be depicted as it actually is jonathan fenby nodding bachelor hunt. Thank you both very much for joining us Finally on today show. It is time for our series on the olympic games for the generation of the tokyo olympics. Some of monaco's international staff have been reflecting on their favourite olympic moment from their home nation. Today it's the tone of canada and here is canada's and mongols finest it says here daniel beach matching to between justin gatlin. The two thousand four champion. You side bald. The two thousand and two thousand one hundred meter final. Any summer olympics is always the marquee event..

china jonathan fenby gijon ping tech buccaneers jonathan al communist party donald trump jonathan xi jinping alibaba Nasa united states andrew twitter reuters scranton Congress aol france
"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

Monocle 24: The Monocle Daily

06:52 min | 4 months ago

"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

"This is the monocle daily. I'm andrew miller. And i am joined today by jonathan fenby chairman of china research and director of european political research at tes. Lombardo and also binding bachelor hunt. The journalist and broadcaster bocca both As telegraph they. We will be continuing our olympic series later in the show. Jonathan i will start by asking you each in turn. Do you have our. Have you been paying agog attention to the current games. I must say not know. johnson. I will admit this is getting a software slows limited. I know i should be Rooting for our team team. Gv and so on. and so on. But i'm afraid i haven't been now doing. Can you help us out here have you. Have you been glued to the coverage. every olympics. obsessed with their gymnastics fun gymnastics. Today was quite dramatic with. Simone biles Holidays shaky landings so far in the olympics and she did quite bad vo and then left left stadium and came back and said she's not going to be competing for the rest of the competition today. So it's quite dramatic today. That is quite dramatic. That is a story. We may be discussing in coming days further because that seems like something that takes almost more nerve than trying to do. A double somersault along a balanced team. I could clearly go home and catch up We will come back to that later in the show but i It does not seem. Quite right to describe a nudge mikati. As lebanon's new prime minister he has had two previous cracks at the job for a few months in two thousand and five and nearly three years from two thousand and eleven to two thousand fourteen. He was reinstalled yesterday by a convincing. Parliamentary vote now faces two tasks more daunting in lebanon than in most places one forming a government and to actually governing. One joined now by albay correspondent. Leyla moulana allen. Leyla obviously he's somebody who requires little introduction to lebanese people but for everybody else basically. Who is nudge mccarthy. So does melty is a sydney businessman from tripoli in the north of lebanon. Now as those who. We have been following lebanese politics over. Australia's will know. The prime minister of lebanon has to be a saena which is part of the power-sharing agreement in this country he is by most standards lebanon's richest man. He's a billionaire businessman and that is one of the reasons why his appointment has been very unpopular with a lot of people because the country is currently going through this incredible financial crash. We've seen over. The most is much of which has happened. Because of abuse of the banking system and many people feel. He has benefit from that. He's extrordinary bitty annette. That would jokes the day but he was brought back in pictures of a yacht sailing from site preston ebanon saying he comes back to take his power having been his holiday home so many people feel. He's exactly the problem with this country rather than the solution. How has he ended up back in charge than i mean. It's it's possibly glib analysis but is it may be the case that at this point. Nobody else really wants the job. Certainly nobody else wants. The job as sad had easy we know has been trying to do the job. The last nine months would have come back again yet. Another term as prime minister. One of the problems here is as i say. It is a restricted pool. Because apprentice has to be a sony muslim. He asked somebody who can bring all the different parties together. Who can really actually former cabinet. And that's exactly the problem. Is that said that for almost nine months since the former prime minister has resigned. The explosion last august hasn't been able to set up a cabinet so the government has simply been flailing in this catty government while the economy crash more while all the conditions in the country solta. He was unable to do that. The question now is whether or not will have any more luck. He does seem to have voter confidence. But essentially prime ministers in this country ought chosen by cabal of old prime ministers which is one of the reasons why he's popular. That doesn't seem to be any evidence that he's going to do any better trying to bring all these warring parties together all of whom want to get ahead. Get a few more seats in the cabinet and that obviously run the ministries. They want to run. He said when he was in that he doesn't have a magic wand but he's going through his best so that doesn't really seem to be any sign that he's going to do any better at this job. Well let's assume just for fun. These able to assemble some sort of semi functional cabinet and some sort of semi functional government. Has he given any indication as to where he would even start. I mean it's not like lebanon was without its problems even before that monstrous explosion last august. No this is exactly what i always try. And remind people that the explosion is not the problem in lebanon. Explosion was an absolutely horrendous. Extra addition to the issues that lebanon has been suffering since the end of two thousand nineteen when the financial peg to the dollar which had lasted for around twenty years. Began to slip just to give you a sense of what's happened that it used to be fifteen hundred lire to the dollar by last week. It was up to twenty three thousand lire to the dollar. That's an incredible financial crush. The world bank says probably the worst certainly among the top three was in the laws hundred fifty years around the world so the country really is flailing as well as that. There's now no power. The government isn't able to supply more than one or two of power a day. That means that everyone who can afford is running generators to try and make up for that difference. But even that. The generator co. Get enough fuel so we now sit in darkness six to ten hours a day. Those who can't even afford to run those extra generators then. People can't afford food because so much. Lebanon is imported. Eighty percent of goods are important to the country because of the dollar lira. Issue people simply can't afford to buy it. There's no medicine left in the pharmacies. The hospitals don't have the equipment. They need their russo failing. Because they don't have the as. I said the electricity that that even help them to stop rationing water around the country because the pumps kant wet the other day. We will sewage flooding into the because the sewage treatment plant failed because his 'electricity problem so really the country is absolutely collapsing. Now he has said but the first thing he wants to do is try and get the 'electricity rid backup which is always problems over. The last few months really has collapsed. Now there is supposed to be nine hundred million dollars in emergency aide coming in from the imf and if he does put that straight into trying to boost the ultra secret while they try and find another solution. That is actually a very good idea. The problem is he can't impose those much images measures without getting the confidence this pilot and looking parliament looking like he is able to put together a cabinet but also many methods have been tried to boost the electricity grid so even if he pumps that in to boost it for a couple of months. What's the next solution. What's the long term solution for electricity and services in this country marla milana allen.

lebanon jonathan fenby bocca Simone biles gymnastics mikati Leyla moulana allen olympics cabinet andrew miller preston ebanon Lombardo Leyla tripoli olympic Jonathan mccarthy johnson china sydney
"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

Monocle 24: The Monocle Daily

04:00 min | 5 months ago

"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

"Well i think yes. No but i've been very surprised at the The size of that water become regular. Saturday demonstrations in london and other british cities of the anti boxers. And the antilock down people even though we've not been in lockdown for the last four weeks or so nonetheless the numbers of people those protests have been quite striking and i think it's not something which has been noticed particularly or it's been Less reported than the whole of other things. So i think in france you've got you've got that group which is smaller than than probably than the group that comes out regularly in in britain but you've also got A bigger group may be of young people who are less inclined or at least who for whom restaurant and going out and cinemas and all. Those sort of things are maybe a something that they're prepared to have that vaccinations for i think you might find a smaller section of of younger britons I think for for for for the british seems to travel that would be the clincher in getting a vaccination. Jonathan williams surprised though before president macron's dramatic intervention by widespread not necessarily vaccine hostility in france but vaccine indifference insouciance. Call it. what you will was In may french public health was reporting forty. Four percent of french people were either not going to get one or couldn't be bothered or didn't care not say that's a huge huge number and it was a surprising. The huge number particularly since people are used to having vaccinations for other trump. From babyhood a onwards and this kind of melded in some ways into rejection of the state and rejection generally of the political class. I mean you have the regional elections in france this summer in which the abstention rate was well over sixty percent sixty five percent As on and i think this Mackerels move here this week. to some extent plays into a desire by him to say i am the leader. I am the strong man and encourage people to rally behind him with next year's presidential election in view but just final quick thought on exactly that mary does macron who is a politician and is facing reelection. Will he be thinking that. This could actually be working for him. Because what is remarkable especially given the recent history of french president who by the end of the first term of been very lucky to be polling in double digits His approval rating is north of forty percent. Which is is not too shabby at this point. No i mean it's pretty impressive and it's quite surprising because you know all the sort of backchat is being about how. How unpopular macron is so. I think it's not at all out of the out of the question that he can. He he can be reelected. And i also think the tits hugely overestimated practically everywhere except france. All the chances of the national front have records itself. Now i mean. I think Marine le pen if it ever is going to come to a runoff as it did with chirac the the national front is not going to win married to win. A macro is going to win. Have me back here. And i will do whatever i eat my hat. I should caution you. Jonathan the d. Columns i wrote circa two thousand. Sixteen breezily cheerfully reassuring. Everybody there was no chance in a million. Donald trump would even win the republican nomination. Well we will bear that in mind. Jonathan we may come back to their monocle zone. Julie defeats truman moment. Jonathan fenby isky. Thank you both for joining us.

france president macron Jonathan williams macron britain london mary chirac Jonathan Donald trump Jonathan fenby Julie
"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

Monocle 24: The Monocle Daily

07:16 min | 5 months ago

"jonathan fenby" Discussed on Monocle 24: The Monocle Daily

"Editor is something of a dog bites. Man story. I mean this does sound very much like the of thing. Western intelligence agencies should be doing. Doesn't it yes and indeed if one say what you would expect Russian and chinese spies to be doing. That's what spies do. I thought so too. They just sit on a park bench and wait furlough curry character to approach them. Well who knows at this point but mary what struck me as interesting about. This was that he seemed to be trying to engage the citizenry in this much. The same way that in the post nine eleven world we were all instructed to look out for suspiciously abandoned packages persons behaving strangely etc. If we are to exercise the same vigilance towards china and russia. What are we supposed to be looking out for well. This is something that worries me with my name. Jeff happy about my fellow citizens looking out who may have. That's we would say exactly. We'll be so. I wanted to sit on a bench But the i mean the other thing that struck me about this was that i think that every single new had emma five or six who come in Since the first flush of nine eleven disposal transfer of funds to to islamic terrorism Has said exactly the same thing. Don't lose sight especially of the russians. Usually it's the russians. I mean we've now seem to we. We we've added the chinese as well But you do ask when they say well Sound out your fellow citizens and beyond the alert and all the rest of it. I mean i. It's not a tone that i find particularly consoling because it's very reminiscent of what you would find actually on the other side of the fence. This is what we expect the russians and the chinese and everybody to be on the alert for enemies within An if we're starting to do if that we're being encouraged to do that here. I'm not sure that's a very good thing. Actually jonathan rogers story last year for our annual thing The forecast looking ahead at the future of intelligence gathering and how that would work and what sort of intelligence they hooked together. A one of the people i spoke to was a fellow call. Doug wise former. Cia field officer and also former deputy director of the defense intelligence agency. He boil down the challenge posed by the two countries in question as china wants to own us and russia wants to destroy us. He was talking about the united states. I mean obviously that was a a nice reductive headline quote for me but is that basically the gist of it. I think it's over the state set for the headline if you like obviously with china Which i mentioned in particular that there is no question of how all cooperation with china has gone in technology in universities and how far that will lead to the leaking of what are regarded or a then classified as secret information by the intelligence services and the difficulty is. This is a tremendously gray area. Where one doesn't really know what a particularly bitter let's technological work might lead to in the future and if you track it back i'm sure you can find lots of intelligence breaches here but it's very difficult to know that in advance mary. There is a semi related young. Doing the rounds today reported in the guardian and elsewhere retrench of leaked kremlin documents which everybody seems reasonably certain of the veracity of Appearing to confirm that there was definitely a point which senior senior most russian officialdom was extremely interested in the idea of donald trump being elected president of the united states. I do want to quote the russians own assessment of trump. Which was actually. I'm sure sounds even more exquisitely damning in russian which do not speak so. We're stuck with the english Impulsive mentally unstable and unbalanced individual who suffers from an inferiority complex. Does that sound to you. Like the kind of thing that russia's high command might have been saying while steepling my fingers around the table in the kremlin and plotting how to washroom into the white house. Well it might possibly have been accept. It seems real the early for me to for them to have reached that conclusion. Because i think we're talking about the beginning of the election year the year When trump was elected in november so it seems a bit early to me for that i mean. I don't know how to judge the veracity of these these documents or not But i think in some ways it's very convenient Because we for all the the russia gate scandal in washington for all the various reports. It's been very difficult for anybody. Actually to pin down with any great authority. That the really wants a kremlin plot to support trump for the presidency. So for these documents to appear now parents out of nowhere is actually quite convenient Do you think it's possible. Though that at the very least president putin finds it deeply humbled people think he had something to do with getting trump elected. Actually i don't think he thinks it's hilarious. I think he was very worried. About the rule i think if he had thought it was hilarious he would have laughed it off in with more within the sort of Bitter laughter here we go again sort of totent- that tees generally used I think he was much more worried. That about the extent to which that had become actually the authorized version of what happened. i also think that there's a very interesting disparity which doesn't prove or disprove any of the any of the documents at all but the The long sort of psychological Definition if you like of Of trump there whenever putin has been asked about his impressions of trump. Whether of speaking to him more before he came to office he described him with the wonderfully sort of a political term colorful colorful character. Which of course didn't Didn't commit him either way. No i'm sure colorful as i think we were discussing. Our fair sounds like it could have been plucked from nut lexicon of fabulously passive aggressive. Daily telegraph obituary euphemisms say if you look at it. I mean the document says the trump is the quote most promising candidate from the kremlin's point of view. We seem pretty self evident. You would think There was they will rather doubtless be more to come on matter. At least we can only hope because some of what has been translated from. Those documents is absolute gold. But jonathan fenby and mary jetski. Thank you both for the moment. This is the daily we will be back with more right after. This liens is proud to partner. The monaco daily on monocle twenty four mental health is a major challenge facing society today as a result of.

china russia jonathan rogers Doug wise mary defense intelligence agency curry us emma Jeff Cia donald trump putin trump white house washington Daily telegraph kremlin jonathan fenby mary jetski
"jonathan fenby" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

11:14 min | 1 year ago

"jonathan fenby" Discussed on Bloomberg Radio New York

"A really important conversation the global markets the news flow today absolutely extraordinary we've really been focused on Hong Kong with conversations with Christopher Patton and Jonathan Fenby but China right now we've got to turn to the American reality which is claims surveyed again to be over two million make an estimate some two point one million a lot of pain we may I think around forty million over the last two months so size a quite clearly the labor market is an absolute mess and for a lot of people that make up that statistics on it is really painful I think it would be a mistake to think the policy after it was done it's not this Sunday a debate down in Washington on what to do next on the fiscal side but let's not forget the multi policy side either the ECB meets next week they've been flexing with doing mall the federal reserve meets the week off to and I think we have to transition now away from emergency response to forward guidance the future what is policy look like that's going to be what the effort transitions in the next several weeks Tom I really agree on the idea that we're really shifting to forward guidance Lisa part of that is the bond market the debt market reaction to all of this is gonna be a better a more constructive debt market after you see what equities have done well I'm we have had I mean yields are absolutely been flat or going down certainly in the corporate debt market I just want to build on something that John said and I think that that report that we're going to get today showing up more than forty million job losses over the past two and a half months highlights a shift from temporary job losses to permanent job losses and I wonder how much the policy conversation is going to change how we re skill individuals to take over a new economy given the fact of the job destruction that we're facing right now well we'll have to see John once more before we get to true Vaisman really thrilled to be with us right now John what part of the market what part of the day to check this morning interest you to me it's boring but it's not isn't it no I think what we're going to focus on in the equity market Thomas whether the cyclical rotation continues to lift the lid on the indexes the indices lift the lid on the S. and P. five hundred see what's moving what is and what's lacking what's leading that's been the story of the last couple days we've had some had thanks of the last several months that transition away from the defensive growth so to speak the tech names and I think we're all trying to work out how sustainable the re opening rotation is in a separate market that for me at the moment seems to be the focus town on radio and television a must listen for global Wall Street right now to Reisman is just really a most remarkable strategist because he's not he's Vassar and Harvard economics acutely sharp on emerging markets in international economics and pulling that into a strategy for Australia's Macquarie bank we're thrilled he could join us this morning I'm going to go right to the dollar and the dollar dynamics tearing the president I think you wanted weak dollar and now I think you want strong dollar what dollar you predicted yeah so so this is interesting I should say before doing that good morning to all of you this fine morning we know we have a few of the dollar that is actually weakening versus the euro and sterling segment leads going into the back up here whether it's what trump wants or not I think it is not what the relevant here although you know what what trump is doing it's gonna have some say over one dollar does and in particular the election in our view because well we think that one of the difficult market is not factored in recently all the rest around the US election my my thinking so much about the presidential election but of course if the Senate goes democratic I think that the the situation with regard to taxes could change in the US now we could see a shift away from U. S. equity the prevailing winds shift towards our higher statutory corporate tax rates low package of complicating factors if that were to happen we could see the dollar on start to weaken against some of the majors as applications around the world simply start to wait for US equities that's clearly one thing I could take the dollars a bit lower our local area the euro potentially and that sort of something that's tight what's the article risk that's out there that I think the market's not they're taking too much account of right now I think there was some help right even if we were to get something like this is still some issue for failing the downside on the euro hello but not that much against euro and sterling the backup is here Sarah you touched on the trillion dollar question in the FX market was the driver was the dominant drivers it right differentials or is it policy is a fiscal policy which one is at the moment for you Terry well you know I think it's more weight differentials at this point it's been very difficult for the market to to make distinctions between fiscal policy across countries let's say not when we're talking about trillions of dollars of spending and loan guarantees other ways in which local authorities are collecting economy it's very very difficult to think of my mind for traders unisex wraps okay what that country stimulating more in that country stimulate glass it'll turn into a mishmash of some point especially and so forth we're not getting very much guidance with regard to waive all the fees are policies will will be ended I will say this however to the extent that fiscal policy is not just the military but other aspects as well it could be important and I'll bring up here the case of the the pandemic emergency relief fund that the he was thinking about going forward without you guys know about seven hundred fifty billion euros all told in grants and loans that's obviously going to be some expense report but I think we could expect is going to help because in the back half of this year it's not because you truly because speak for the most important become restrained order corpus which is the existential risk of an alternate your break up as we see more you unity because of this fiscal stimulus it could help the Europe but that the special case I think in most instances this call with the magnitude of it is not that important and it will be things like rate differential the tribe these currencies Hey Terry let's talk about rate differentials in an era of yield curve control John and Tom have been talking about this extensively we've heard from fed officials this is clearly something they are considering if the federal reserve does peg the yield curve at a certain place if it commits to buying enough treasuries to keep it there what does that mean in terms of currencies is it dampen all the volatility does it give a lift to the dollar I think I think it could dampen volatility I don't because since we can get a lift with the civil war you'll have to consider this in relative terms right if you'll curse control on better or worse for the dollar and the alternative strategies that that might happen soon but criminal attorney of universe which was to go to say negative rates let's put it this way I think the fed did go to negative rates could be much worse for the dollar and if it were to do your car control the problem with your control that the very very tricky thing of course because if you were to take let's say a three year deal the five year you'll to specific level you would have to issue a policy guidance in respect of the short term the overnight rate which is consistent to where you are taking the three year yield a five year deal if you make a mistake in that regard you may have with the market choose to either by your paper file your paper graphically or sell it in which case the fed would lose control of its balance sheet if you were to do that I will lose control of its balance sheet because it's a big deal but no longer click but then I think you have a problem with the dollar was assume for now that is pretty wide and sappy about this that when you take the three year deal with the FARC your guilt you will do it in a manner that's consistent with the level of consistent with the forward guidance officials in which case the fed may not have said it was on a call right away this on some kings favour subjects Terry distrust Tom Kean totally insane but I wonder whether it sounds more dramatic than it actually is because if they do go forward with Walt Williams and cloud of talked about in the last couple weeks all it basically saying is that yield curve control is the following it is a compliment to forward guidance and they continued forward guidance and basically they just gonna turn around the site for the next two three years site will sit on yields out to five years three years whatever it might be in line with the forward guidance and guess what the market sorry that's Terry the market is in line at the front end into the ballet with the fed funds rate already surpassing the market already done this what Terry is the fed just basically saying he's the cap so I agree with Richard cloud a hundred percent that you could control complementary and it has to be done as a complement of forgotten but there's the rub right if they were to make a mistake or maybe the market misinterpret them as as as issuing a A. four guys which is not consistent with the guild of which they're packing beyond the three or five your ponder the ten year bond that you have a problem yes to thread the needle you're right you have to make sure that the forgotten issue is specific enough the market always interpreted to be consistent with your current interest about your I think I think that it's something about the fact that click Ricardo speaking about your control in terms of the complement of four guys thank you for such just needed a walk off to the doctor before thirty one mins McCarthy on the license with the Federal Seth tell my no this drive you absolutely insane and I think as one part of a bigger story I think it drives a lot of people in sign that the market is going to involve the federal service got involved into setting prices and not in the treasury market the three credit and not just the United States will be sent worldwide I'm going to give major credit here John ferro to Timothy Geithner he just said look we got to go out a long time to heal these various crises is a headline percolating out right now John it's a Swiss national bank's going to dive in and buy more equities in particular Tesco could ease is buying Amazon for a central bank that much different than the the belief of of yield curve control two that's the extremists in it not just one way of getting to currency down another way of getting you down is negative rights and the U. K. some I would say that the last few weeks has been a paper in the U. K. not just from the governor but from other officials as well they are actively flirting with negative interest rates I have no idea if they will go through with it it's just trying to encourage the market to take it slow but let's be clear they are actively flirting with negative rights in the U. K. now no question and I again I go to June fifth John in the jobless claims here at eight thirty come on what we can do in this country on our series with twenty percent unemployment rate the data nineteen minutes so why the coverage continues from New York City this morning good morning will live on the TV and Bloomberg radio now with the.

Hong Kong Christopher Patton Jonathan Fenby China
"jonathan fenby" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 1 year ago

"jonathan fenby" Discussed on Bloomberg Radio New York

"Is a new source of Chinese dictate China's weight around in a way which all around the world the record former Hong Kong governor Chris Patten with some really strong words early this morning the situation continues to escalate in Hong Kong the situation the market's pretty calm looking at the equity markets we count you down to be up and about in New York City has the price action for you up around about a tenth of one percent of the S. and P. five hundred still up a couple of points but we have been all over the place through much of this morning in the bond market the ten year treasury yields coming just a basis point to zero point six seven percent no big moves to speak of a foreign exchange zero dollar totally unchanged after yesterday's Chinese currency weakness today a little bit of stability dollar China and around about seven sixteen Tom but quite clearly things are escalating what we're waiting for we touched on this at the top of the program we're waiting to see what this administration the United States does next because right now that's not clear it's really gonna be interesting to see how Mr Pompeo and the president adapt and adjust to the reality the two thousand forty seven is here there were many good thinkers on this over the years one of the great suspend Jonathan Fenby of TS Lombard he's put out not one but a series of books on China and one of them of course was a wonderful monograph fabulous book will China dominate the twenty first century Jonathan Fenby will Beijing dominate Hong Kong well politically that is certainly the way where Gary the me of the decision to put national security legislation through the national people's Congress which was approved today in Beijing that shows the Beijing is going to take political control I think in Hong Kong delegating some activity to local government but that's.

China Chris Patten Hong Kong United States Mr Pompeo Jonathan Fenby Beijing Congress New York City Tom president Gary
Britain And How Bigger And Smaller Cities Deal With Leaving

Monocle 24: The Briefing

04:32 min | 2 years ago

Britain And How Bigger And Smaller Cities Deal With Leaving

"Okay well finally on the news panel there is a perfectly makeable case pretty much every conflict of time with a military or political or cultural is to some extent or another a conflict between the city and the country between that is those who choose to live in cities which tend towards the liberal multicultural and those who prefer the country which tends to conservative and homogeneous the only one of Britain's big cities which voted leave in two thousand sixteen for example was Birmingham and that by a wafer rish margin an Indian social enterprise called grassroots that's our a ut es reckons it might have a solution they are organizing home stays in rural villages for Indian urbanites some point is and it's a reasonable point that there has been more royal the has been an enormous migration from the country in India to the increasingly -versities there are still literally hundreds of millions of people living in rural India who the the more powerful cities tend to forget about on that basis is this a good idea personally I think yes I think that's a problem that not only India has book globally we have and I think the way the world is changing in that way that we're living in the way we developing technology is an increase in this spotlight on CICI's on major complicities and I think that's going to be a problem for everyone I mean Indian population is huge which there is so much potential in the countryside and in rural areas that I think it would be it would be kind of wrong of them to to not focus on and not do something with that and I know there's an argument about is this kind of taking advantage but when I look at an competitor when I look and obviously we don't have the same population but when look at brexit and the the mass device that we have in our country now so much of the is because there is just this massive disconnect I grew up in Newcastle which has the other end of the country and me and so many of my friends have ended up in London because every absolutely nothing for us in Newcastle and that sorry that might sound yeah I say absolutely no I'm going to stay in London for if you're looking for certain things if you want kind of rise and if your ambitious there's just not that same level in in the cities and that's why I think yes absolutely need folks on the rest of the city's but being the case should should have program like grassroots also operating in the other direction should they be bringing people in from rural areas to live in big cities forbidden see see if they like it you can definitely let's call it an exchange right purr purr like a student exchange I don't know I think I I think the main problem is people will always flock to big cities naturally because of opportunity so if you start building up more rural areas or offering alternative kind of ways of income of life of kind of divergent things then I think that's always going to balance out and it should be Jonathan is ultimately the that divide between the city in the country reconcilable because I wasn't I don't think being entirely preposterous earlier in setting that up as the basis for for most modern conflicts you could certainly apply dynamic to the civil war in Bosnia for example to the civil war in Iraq and many many others these are all substantially conflicts between the urban and the rural and of course Mazzi thome believed let's get the over in youth back to the country and somehow we'll say comme rouge they will become pure and wonderful and that's the danger you can idealize I think the countryside Assad and I'm not sure I think Indian initiative has much to be said for it but is this basically just a short time tourism for overnights in a twee rural setting and he's that is very negative not even though is is it. R&B basically in the Indian village if it starts something wider than I definitely a case for it and it has to start somewhere if it starts with tourism than short why not you have to be careful about which benign take to visit exactly countryside for fear of reinforcing all the worst stereotypes they were Iran maybe it's not always about taking people from the city into the countryside maybe is about well let's just put our attention folks resources into those areas and how we can develop and so people naturally wants to be in those spaces I moved from Newcastle to have wanted to be in that space right how do we build up some our daddy and Jonathan Fenby thank you you both for joining us you're listening to the briefing monocle twenty four

Iran Jonathan Fenby Newcastle
Trump postpones Denmark trip over Greenland sale

Monocle 24: The Briefing

03:22 min | 2 years ago

Trump postpones Denmark trip over Greenland sale

"President. Donald trump has cancelled an upcoming trip to denmark. The decision comes as the u._s. President made the outlandish outlandish even for him suggestion this week that the u._s. could potentially by greenland greenland is autonomous danish territory and as we have been being told not for sale. Here's what mr trump has been saying about it recently. Essentially it's a large real estate deal. A lot of things could be done so hurting denmark very badly because they're losing almost seven hundred million dollars a year carrying so they carry it at a great loss and strategically for the united states that would be nice and we're a big ally of denmark and we helped denmark and we protect denmark and we will <hes> in fact. I'm supposed to stop. I'm thinking what about going. There definitely going there but i may be going. We're going to poland and then we may be going to denmark not for this reason at all but <hes> we're looking at it. It's not number one in the burner okay robin. I need to bring up something. One observation trump seems to reference the that greenland has been operating at a loss for denmark. It almost sounds as if he's talking about an asset accompany or perhaps even a used car aw but that's the way he sees the world isn't it. I mean you just played the clip a large real estate deal. I've been that that is his background. That's the way he sees the world. It's all to do with buying canceling profit and loss <hes> doing deals however i think we're making a mistake th th the thing i think we need to do whenever mr trump says something else. Land dish rush is to see what it is. He doesn't want us to be talking about and i was looking at what he was tweeting about before. Greenland suddenly became the big trump story. He's tweeting tweeting about a new fox news poll which he really objected to because it showed him likely to lose to any one of the main democratic party candidates did it in the presidential election next year and he said something going on fox <hes> that fake news as well just like everybody else and he got really upset the other thing that he was tweeting about was that book this book. That's just come out by his former. Rather short lived <hes> press advisor anthony scaramucci which is less than polite about mr trump scaramucci and other disgruntled former employees called him a highly unstable nut job. He didn't want us talking about that. He's perfectly happy for us to talk about greenland. He's joking his critics around. He's dominating the agenda. Which is what he loves to do. We know from several counts that if he's not on the headline turned on the t._v. T._v. news headlines. He objects speeches around. They talking about me. He's got what he wanted well in date and is very very difficult to navigate the news agenda endo when adults saying that donald trump is constantly at the steering wheel as to what we ought to be talking about oh. We'll be talking about <hes> linda when you saw this news break a couple of days ago did you. Who did you think that donald trump or even his wider administration were treating these with any degree of seriousness whatsoever look. I'll admit when we spoke about it i on this. It's very program. I seem to recall a jonathan fenby saying that he wasn't sure where the story came from couldn't even possibly believe that trump had actually said this but it does seem as if trump <hes> and he's watered administration do think that that greenland could possibly be for sale

Donald Trump Mr Trump Scaramucci Greenland Greenland Denmark President Trump Jonathan Fenby President. FOX Poland Linda United States Advisor Seven Hundred Million Dollars
"jonathan fenby" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:48 min | 2 years ago

"jonathan fenby" Discussed on Bloomberg Radio New York

"Julia. We've just got this eco data for Japan. I mentioned a short while ago, but it's fresh Japan. Core machine orders up five point two percent in the month of April, that's a month over month. Reading the estimate was looking for a drop of eight tenths of one percent. The end firming here at one eight forty nine the Nikkei moving lower by about three tenths of one percent here in the states, the equity market drifted down after five days of gains, the themes should be familiar by now. We've got uncertainty about the US, China trade war. And then this debate over fed policy will they won't they cut, if so. So when and by how much and we also had President Trump saying he's personally holding up the trade deal with China. He said he's not going to complete it unless Beijing returns to the terms negotiated earlier in the years that even realistic will unpack that story in a moment or two here on daybreak Asia right now in Seoul, the kospi down about one tenth of one percent. Although in Sydney, ASX two hundred pushing up by two tenths of one percent, may producer prices in the states of the slowest pace in more than a year tomorrow. We'll get the CPI ten year treasury last quoted in New York at yield of two point one three percent Bryant to you. All right, Doug, I look at what's happening today in Hong Kong, the standoff here over the planned extradition, law, and some strikes being planned today, people gathering outside the legislative council. Jonathan Fenby is managing director at T has Lombard. He says the events are posing, a basic existential question for those living here for those doing business and investing in on 'cause financial markets. Kate sits in quasi, capitalist niche that. And that's what people in home. Call thought was going to be the case from nineteen Ninety-seven homewards now that wondering whether whether it is seen in Beijing. As just another big Chinese city more coming up in a few short minutes from our Ed Baxter, and we do have the fist. Big financial casualty of this uprising and progress golden financial dropping successful one point four billion dollar bid for land puzzle in contact Callen. We get more from Bloomberg's Yvonne man three executive directors and three independent directors at the company have voted urging board meeting to withdraw the tender, and they're citing recent social contradiction and economic instability, that could negatively affect Hong Kong's commercial property market worth. Mentioning, though, that the chairmen punt Sutan voted to stick with the tender. He says the current situation won't affect the market's long-term growth prospects, backing out, it will four. If it a non refundable, five million dollar deposit pay to Hong Kong government in Hong Kong. I'm Yvonne man. Bloomberg daybreak Asia. President Trump says today that he's the one keeping trade deal with China from happening. And.

President Trump Hong Kong China Beijing Asia Japan Bloomberg Jonathan Fenby Julia. Callen ASX US punt Sutan New York Ed Baxter Seoul Kate Doug
"jonathan fenby" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:35 min | 2 years ago

"jonathan fenby" Discussed on Bloomberg Radio New York

"Again, let's take a look at what the trading day in the Asia Pacific colts for his his Ryan. I would say it was fairly uneventful rish if you look at the markets, particularly Wall Street down, dusty -als down fourteen points so less than a tenth of a percent, similar losses for the S and P five hundred. And the NASDAQ was actually down less than one point. I had seventy eight twenty two President Trump identified the main obstacle to China trade accord, saying it's me, we'll bring you details on that in a moment. And in China, the global times, editor in chief, who sure Jin said that Beijing is not easing up on countermeasures that echoes, what one of our guests told us yesterday president she he's actually gaining in popularity in China because of standing up to President Trump US stocks. We mentioned they moved a little bit lower, but not in a dramatic fashion. Treasuries drifted little higher, but not in a dramatic fashion ten year yields actually just Justin one basis point down right now. The ten year two point one four percent, WTI cooed trading at fifty to eighty seven gold was little changed right now at thirteen thirty Troy ounce and Asian futures are mostly in the red. Although Australian futures are showing gains of two tents of. One percent over to you. I look at what's happening today in Hong Kong with the standoff over the planned extradition, law and plan strikes today. Jonathan Fenby is managing director at Lombard. He says these events are posing a basic exit stencil question for those living doing business and investing in Hong Kong's financial markets it sits in a quasi capitalist niche that and that's what people in Hong Kong thought was going to be the case from nine hundred ninety seven. Now that wondering whether, whether it is seen in Beijing as just another big Chinese city. We'll have the very latest on Hong Kong. When we check global news in a moment or two with our Ed Baxter rish, right? We do have the first big financial casualty of this uprising in process. Golden financial dropping his successful one point four billion dollar bid for a land, positon KAI. Tak in Kowloon. Let's get details from Bloomberg's Yvonne man threes. -secutive directors and three independent directors at the company have voted in an urgent board meeting to withdraw the tender, and they're citing recent social contradiction and economic instability, that could negatively affect Hong Kong's commercial property market worth mentioning, though, that the chairmen Punxsutawney voted to stick with the tender. He says the current situation won't affect the market's long-term growth prospects. Backing out it will forfeit a non refundable, five million dollar deposit pay to Hong Kong government in Hong Kong. I'm Yvonne man Bloomberg daybreak Asia now onto U S, China trade, and President Trump saying, he's the one keeping deal from happening. And right now Jonah wants to make a deal very badly. It's me right now. That's holding up the deal. Either do a great deal with China or not doing it deal at all. All right. Trump said that he will meet with Chinese president Xi Jinping, the G twenty some of that will happen later this month in Osaka, Japan rish. Okay. Google is moving more hardware production out of China moving into countries like Taiwan and Malaysia instead production of nest thermostats, and seven hardware are involved is growing concern about these trade tensions. And Bloomberg's monk bug and says Google also has its eye on future business lines. Unlike apple, they're not a massive hardware company, but they do quite a bit for the centers, and they're trying to build up his hardware business. And so they're trying to, you know, thinking about long-term planning, and clearly indication that that they feel like they can't rely on that relationship. Google has already shifted much of a GS bound motherboard production to Taiwan -verting twenty five percent US tariff on Chinese goods, and at the same time apple saying that it has a backup plan. That's if the US and China trade war gets out of hand. More from Bloomberg's Denise Pellegrini. A senior executive Hon Hai precision says apple has enough capacity to make all its US bound, I phones outside China if necessary apples Taiwanese manufacturing partner, also says it will fully support apple if it needs to adjust, it's production because the trade war gets worse. The company also known as Foxconn says, apple hasn't given it instructions to move out of China, but it could respond..

Hong Kong President Trump Taiwan Bloomberg president China US apple Asia Beijing Ed Baxter rish Google Lombard Jonathan Fenby Jonah global times Ryan positon KAI
"jonathan fenby" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:17 min | 2 years ago

"jonathan fenby" Discussed on Bloomberg Radio New York

"Let's look at what things are likely to shape up for the Asian trading day. Couple of is way before the start of trade in Tokyo, Sydney. And so is Bloomberg's Doug krizner progress show the US equity market drifted lower after five days of gains, the themes, should be familiar by now on certainty about US China trade, and then the outlook on fed policy today. We had President Trump saying he is personally holding up the trade deal with China. He said, it's not going to complete it unless Beijing returns to terms negotiated earlier in the year. We'll unpack that story in a moment industrials the big drag on the s&p, five hundred the benchmark was down less than one tenth of one percent at the same time, the Dow NASDAQ composite down by similar degrees. So in terms of eco data, we had word producer prices in may rose at the slowest pace in more than a year. Barren mind tomorrow. We're going to get that report on consumer prices, now we know the market has been betting on rate cuts, President Trump today, stepping up his criticism of the fed. Tweets he called rates way too high given very low inflation, little movement on the ten year treasury last quoted in New York at a yield of two fourteen a group of states now suing to block the proposed merger of T mobile and sprint. This is an unusual challenge since federal, anti-trust officials are still reviewing the deal. Got a slightly weaker yen here one, oh, eight fifty three and Nikkei futures in Chicago trading down, maybe fifty points below where we were in cash yesterday in Tokyo, Brian. All right, Doug. Thanks very much. Lots of eyes on what's happening in Hong Kong today to Pierce thousands of people are gathering outside the legislative council this morning. The body doesn't convene until eleven o'clock or so, but people are gathering there to, to, to protest against a controversial Bill. Jonathan Fenby managing director TES Lombard says the events are posing. Something of an existential question for those people living. Here those people doing business, and investing in on cost financial markets. Kate sits in a quasi capitalist niche that. And that's what people in Hong Kong was going to be the case from nine hundred ninety seven. Now that wondering whether, whether it is seen in Beijing as just another big Chinese city. We'll have basic and essential details on what's happening today later with our Ed Baxter. Meantime, we do have the first big financial casualty of this uprising in progress. Go financial dropping at successive one point four billion dollar bid for a land parcel in KAI. Tak in Kowloon. Let's get to Bloomberg's Yvonne man threes, directors and three independent directors at the company have voted urging board meeting to withdraw the tender, and they're citing recent social contradiction and economic instability, that could negatively affect Hong Kong's commercial property market worth. Mentioning, though, that the chairmen punt Sutan voted to stick with the tender. He says the current situation won't affect the market's long-term growth prospects and backing out golden will forfeit a non refundable, five million dollar deposit pay to Hong Kong government in Hong Kong. I'm yvonne. On men, Bloomberg daybreak Asia. Well, President Trump telling reporters today that he's the one keeping a trade deal from China or with China from happening. And right now,.

President Trump Hong Kong Bloomberg China Doug krizner Tokyo Beijing US Jonathan Fenby President Asia producer punt Sutan T mobile Ed Baxter TES Lombard Sydney
"jonathan fenby" Discussed on Monocle 24: Midori House

Monocle 24: Midori House

04:04 min | 3 years ago

"jonathan fenby" Discussed on Monocle 24: Midori House

"I mean, that's happened to me on a few of my holidays as it happens to you. I think that's part of the pleasure there early Arctic leisure. It's. Kind of wistful. It's kind of wishful all life is fleeting kind of pleasure. I confess I am quite fond of of tourist traps, I will go and look at them. I will take people to look for August square. I was in the Uffizi in Florence not so long ago, and my rule is just go early and don't eat anything. And I've always had a good time. That sounds quite sense. A pretty good argument for the tourist McGrady. Go wrong with the Eiffel. It's an easy thing to say that that have been said there are a lot of other things which I just don't want to go to it. I didn't want to say I don't want to see the shape of an actor's feet. Let alone. Queue for two hours to see a statue of Bruce Lee, you'd see that all film, I think elsewhere. So I'm not a great one for those kind of tourist attractions and so on. Happens. That's for because I'm should it should be should be caught in carried along by the enthusiasm for the shape of whoever it is feet. But and this is really a question to either. Did you get the feeling that there is some tourist sites that just beyond anyone's help this waffle that may be is better leaving the Malone because that's the attraction how bad can it be? I've never caught understood Montessori. I'm with you on that one. Because some of the words don't let other people they're supposed to resemble and always have there's always a massive massive massive queue outside. But I wonder if again, if it's this sort of self perpetuating myth people see the queue, and they join it. And maybe I mean who knows what kind of reviews, they they. But it something quite comforting about having these building blocks of tourism in London people go to modern two swords, and they go to the south Kensington museums. I I quite comforting about that. But then as I said, I'm I'm very fond of a bit of cheese. Having been negative before just a year ago. When we watch myself went to Russia, whereas figured a conference and altered we stayed on for a tourist few days in Moscow, and Petersburg and outside. And it was absolutely fantastic. Lease traces lived up to the reputation though, they'd had I wouldn't miss that for anything. I mean, Saint Saint Peter's extremely I wasn't woman offers extremely goes goes goes for the fountains at Pizza Hut, frappes. Code for them to choose to go. But I mean, look heaven I'm going to recite the very smallest I compile to me. Okay. Has only have either of you seen the mermaid in Copenhagen. I have rights. So you'll verdict as an everything in life. Yes. Yes. It was smaller that you're expecting. But that's the same with monuments and famous people what we have to prepare ourselves for that. It was too small, and it was pretty impressive. I think and I I seem to remember I couldn't quite see it over the heads of the other people looking at it yet because it does help out quality that if you're in a car drove past you be fifteen miles down the road. What was that? Okay. So the mermaids in Copenhagen gets the foams down so to you Hans Christian Andersen. Fans out they were terribly. Sorry. Okay. Now, here's another one. This is a bit of a trick question Nelson's column, and I'm not talking about the one inch square who I'm talking about the Nelson's column. Inbal betas. I can't say I've seen it. But I'm sure is it as tall as our square. Now. You can sustain it. Right. I have to say that I've seen it. And it was a bit of a disappointment. Wonderful to me. Okay. Guys. We're gonna have to leave it there. Thank you so much for joining us because we have reached the enter today show, Daniel Pellett and Jonathan Fenby. Thank you for joining us here at Midori house and sharing your memories of Madame toussaud's. In the mermaid in Copenhagen. Today's show.

Copenhagen Nelson Malone Saint Saint Peter Uffizi Florence Bruce Lee Hans Christian Andersen London Kensington Jonathan Fenby Midori house Madame toussaud Pizza Hut Daniel Pellett Moscow Russia Petersburg two hours one inch
"jonathan fenby" Discussed on Monocle 24: Midori House

Monocle 24: Midori House

02:07 min | 3 years ago

"jonathan fenby" Discussed on Monocle 24: Midori House

"Still with me Daniel dependent and Jonathan Fenby now is Emmanuel Macron, the comeback kid, French politics. The president's fortunes appear to be on the up with the latest polls revealing his ratings are starting to rise. They took a hammering after demonstrators in yellow jackets lettuce series of anti-government protests in major cities, the government responded by holding town hall meetings up and down the country in which people are given the chance to express their grievances to public officials now Jonathan we've talked about this on more than one occasion. We you all the go-to person for for all you've written quite a few a number of books, but look the ratings are heading in the right direction. But as yet, there's no reason for mR Macron twelve from the champagne, but having said that all these town hall meetings a step in the right direction because he's been accused of being the whole Ian arrogant, the twenty first century version of Louie the fourteenth without some reason that sort of stuff and Jupiter up there somewhere Jupiter come down to earth. There's no doubt about that. And micro is learning, but he needs to communicate much better. I mean, he he set off. Buoyed by his election victory, which was important in the presidential election, but even more striking in getting him apartment tree majority out of nowhere, and so on and he now realizes that he can't rule from on high and needs to talk to people and that land is a positive effect on the other hand a lot of the reforms that he is promising and a lot of the things that the zone. The jackets are angry about are going to take a very long time to show any positive outcome there. I mean, his changes to the labor reforms will we remember that in Germany took ten years for this really to feed through into employment and so on and there's a lot of unhappiness bread over the last thirty forty years in France, which he's having to deal with and Daniela look in the these debates have been going on for we walk. But from what you've gleaned is there an overriding theme which emerges from these debates, and how willing is the Gulf. -ment to respond..

Louie Emmanuel Macron Jonathan Fenby president Germany Daniela Daniel Ian France thirty forty years ten years
"jonathan fenby" Discussed on Monocle 24: Midori House

Monocle 24: Midori House

04:27 min | 3 years ago

"jonathan fenby" Discussed on Monocle 24: Midori House

"But it certainly being reappraised. It's not in ruins. But it's the worry is that countries and particularly corrupt regimes with whom China has worked have built up debt burdens for for the individual recipient countries, which they cannot afford to service, and I'm going to have a VO bad effect on them asylum. And that that is something of the his of growing concern. Any in light of what Jonathan said, it does really appear that even though China has denied that it's been reckless with its lending the evidence does appear to suggest otherwise because at the end of the day. You could argue that by getting countries into debt it gives Beijing additional leverage over their affairs. Now that may work to a certain extent, but oversee not completely if you've got the Malaysians who actually renegotiating debts, and the the the the the government in emir mall, saying, well, actually, we're not going to have this done. We're going to do things differently. Yes. Absolutely. I mean, that's the the idea and the idea of an investment in his way, it's not just money making. It's also about them out of influence, you can exert an outside your your own immediate fear of of infants as well. But I think we've seen in numerous for the China is not impervious to criticism, and it's not impervious to to negotiation as well. I Jonathan house is going to impact on China's relationship with Taiwan. On the possibility of them severed diplomatic relations, and again swelled in with the money issue. Well, try one is you know, it is a perennial issue, of course, for Beijing and the People's Republic, and she's in pig made this sounded like quite a strong speech about Taiwan is always part of China. And we have the right to regard it as we wish at the beginning of the year. In fact, it was just a restatement of existing positions. And I didn't think anything is really changing in Taiwan. The question more is how the trade war develops, and how that effects Taiwan and Taiwanese technology companies, particularly and certainly this this this is not been overlooked by the Americans over sleepy rather delighted about this. I would imagine because from their perspective, the the money isn't working they're having to cut back. So it leaves the field a little bit wide open. So to speak in terms of who could potentially fill the breach. Yes, there have been various initiatives by the tr. Administration to launch new programs, but we haven't seen them actually resulting in very much so far and that other players in this Japan, for instance, which is quite active in economic assistance in south East Asia and South Asia, and they're China is going to face, you know, a more questioning if you like challenging attitude from recipient nations in the future. But I think that that fits in with what the Xi Jinping administration wants, which is a more effective control of the foreign aid program. They also comes back as well to to the economy. We talked about this because the last set of numbers, but by western standards, pretty good. I think it's about six point seven percent holes. But again, that's that's a slow down from the giddy heights of nine percent ten percents cetera. So again, that's that could be the determinant on. This couldn't hit your. I mean, the economics at the end of the problem for for China is always and it is there to balance the need for growth, which the communist party promises to the Chinese citizens in return for lack of political rights and on the other hand, the need to balance the economy, get rid of the very high debt level and so on which slows down growth, and they're eternally jug league, those two, okay, then let's leave it there for the moment because you're listening to Madari house if meet Juliette foster and Mike guess Daniele Pellett, and Jonathan Fenby and coming up next began to ask if FRANZ is disruptive yellow vest movement stands to change the tone of public discourse in France for years to come. California. Here we come molecule has arrived on the west coast, and you shop bureau is open it platform, the design quarter in Culver city, that's home to one hundred boutique retail and culinary brands. If you're in town pop along to meet the team pick up the latest issue of the magazine and browse Eric exclusive collaborations from elegant stationary too. Smart jackets, plus plenty in the way of print. Of course..

Taiwan Beijing Jonathan Jonathan house Culver city California Xi Jinping Japan Eric Jonathan Fenby East Asia communist party South Asia People's Republic France Juliette foster FRANZ Madari
"jonathan fenby" Discussed on Monocle 24: Midori House

Monocle 24: Midori House

04:41 min | 3 years ago

"jonathan fenby" Discussed on Monocle 24: Midori House

"Welcome teammate Dory. House. My guest today on Daniele pellet, managing editor of the institute for war and peace reporting, and Jonathan Fenby former editor of the South China Morning post. A now the chairman of China research and direct to European political research at TES Lombard, welcome. Both of you to the program. Now is Donald Trump on costs for achieving a peace deal in Afghanistan if recent events or anything to go by the signs do look promising early this week the US presidents special Representative for Afghanistan reconciliation reveal that after six days of negotiations. He had achieved a framework for a peace deal with the Taliban. Something that has eluded. American diplomats and presidents for over a decade. Meanwhile, another round of talks are scheduled to take place late next month in Qatar with Mullah Abdul Ghani Barada, former mujahedeen fighter leading the Taliban's side. So Danielle how would you rate the chances for peace just on that broad brush sweep? Perv. The signs are looking fairly positive. Well, I think the Washington Washington has is more of a blueprint for getting its troops out of buff Gunstone rather than anything to do with the with the lost in peace. The needs to be direct negotiations between the government in Kabul, and the Taliban before any peace deal can be break it. I mean, it's ludicrous to think that can be any other way, the Taliban say that refused to do this saying that the government are just pawns of the of Washington. And the fact that usher on his government has no say in this really just does not give them any extra legitimacy or any extra weight? The point is not what happens about signing a peace deal and the troops leave. I mean, the Americans have already given away their biggest bargaining tool. That is the the starting point for the Taliban. The American troops leave what happens next, and it's just as rush to for Americans to send their forces in to conflict without thinking about the day after as to withdraw without thinking about the day after Burma's experience in Iraq, which seem seemed very plausibly to have fueled Roy's of Islamic state. Eight don't really vote. Well, for an American president really quite desperate to take his troops out at any cost. I guess the question has to be look, even if you do get both sides, talking whatever can you trust, the Taliban. Can you rely on this Insperity or could they renege on anything? That may be concocted. Yes, they could renege on anything. And that that will be the question. I think as you know, there's just saying the real thing the motivation in this is mainly from Trump who wants to get the troops home. They're keeping with the promise that he made to the base. Yes, the that follows on from Syria and so on and it's almost saying, well, if then goes to hell of the hand card so bid I think that's a considerable danger. Then. But then the you've got the the tool from the special Representative, Don. Yeah. That who said that he's brokered a framework, what is this framework and just how viable is it? Well, the framework rests on guarantees the Taliban will give to prevent an refused to host al-qaeda all Islamic state forces in any area under their control. But if. The aim of the US involvement in Afghanistan laws to make it make it a guarantee that would no longer be a base for attacks may manage that by December two thousand and one that's not really what's been going on here in the mission has been confused, obviously, that's very difficult and was a development Reconsiliation was it nation building. The so many different actors involved. It's been extremely difficult. But the the only I think all parties do agree that a peace process is the only way forward the Taliban have to be brought into the. Brought into government to certain elements of them. And there's a lot to lose in this not least very hard one women's rights a more progressive elements. But there's no other way. I mean that is the only way that that that peace can be built under. I should have got any has been working on this. We have seen some we have seen some progress. That was an unprecedented ceasefire the end of the lost Ramadan. But in terms of actual leaps forward. There's no progress from the Kabul side while the American parallel negotiations going on. What happens if there isn't agreements that it falls to bits to the Americans come back in again..

Taliban Donald Trump Kabul Afghanistan Washington Jonathan Fenby US Representative chairman of China Daniele pellet Dory TES Lombard Mullah Abdul Ghani Barada managing editor editor Syria Danielle Qatar
"jonathan fenby" Discussed on Monocle 24: Midori House

Monocle 24: Midori House

04:48 min | 3 years ago

"jonathan fenby" Discussed on Monocle 24: Midori House

"European project, you you're going to be very worried by what Jonathan has said because Macron has been held up as one of the last great liberal hopes in the EU because we know they was that access with him and Angela Merkel. She of course, has been forced to stand down. She has a new success that we don't quite know how she's going to cut the mustard. But this is not good times for the president. You fact. Question is how long it will take for us to acknowledge that European politics have changed beyond recognition and that has already happened. Most people were pinning their hopes on mckown as the savior of the center. Well, they're east not much to save. If we are to believe these numbers, actually, senior pretty disastrous for McComb precisely for the reasons the Jonathan pointed out, he was very kind to Macron perhaps. But the actually these is very far from the numbers that he had and needed and would need if he remained as that sort of European beacon, not only half. He's also having problems with his some somewhat makes shave to trans-european alliance. For instance, savannah senior Spain are beginning to come closer to the Fadh right-wing vox in under Lucia in Macron or ready send a warning to them. Because remember former minister is now a mayoral candidate in of our Celona. So actually, the story here is that of the total decline of the center of central centuries politics on the one hand, the total the almost near Newton all of these appearance of the historic partisans. I public and the socialists the fronts on miss keeps a steady at ten percent. So you can see there, you know, some of the anger is is moving that direction. But of course, the real the real danger is that if you put together the too far right parties in France, you see word that anger. He's moving quickly, and these should be a warm a warning for the rest of us and stressing as well, a very very briefly marine Le Pen, she has tried to ally herself with with with the yellow vest movement. But Jonathan very very quickly before we move onto the to the final subjects. Yeah. I mean, the the the whole question was Matt coins he committed himself to macro neon reforms they're systemic structural reforms in France, those run into all kinds of difficulties partly because of the presentation, partly because of the way it was handled and so on, but he combed abandoned those without basically giving up this president which onto might well, obviously, they want him to go. Anyway, let's move on. Now. It's finally to our final funnels subjects EU trade officials. They are looked in a fight of Australia. The use of household food names nosy foods manufactures wants to put fetter palm is on empress co on their products, even though goods with those named on meeting, Greece and Italy, however, always not lost because one possible compromises to have locally produced goods labelled Australian per second. I guess Australia. Champagne fettuccine Stroup is what I can say. But look questions both view. I mean, if you all a euro skeptic, a K this really confirms every skeptics nightmare about the north was is. It's made up of meddling bureaucratic timewasters making much ado about. At the same time. I think he would probably he stand for Stilton Stilton is British. You're not supposed to talk. Mild mild ale is British and so on and if you have Australian Stilton, I think they would draw a line the opposite. Yeah. I remember way back when the French will have this great compaign on champagne. This was. To reserve that. And it basically, you know, where something comes from. It is generally accepted in the us should define how it can be called food fight and down. Under sounds like a nine thousand nine hundred song by men at work. You would be very little. To to blame a European bureaucrats there, this is actually more about the way economic live nowadays has more with copyright and information, branding and marketing than anything else in this happens. This is a global phenomenon. Okay. Then we're going to have to leave it there. So we could actually talk about food without getting into a fight. Excellent. Well, that brings us to the end of today's show Oscar Guardiola era and Jonathan Fenby gentlemen. Thank you both for joining us here at Madari house today show was produced by Carlotta Rabelo researched by fundamental Gustavo Pacheco and Martha library has studio manager was Christie Evans more music.

Jonathan Fenby Macron EU France Angela Merkel president Australia Stroup Spain Celona Newton McComb Greece Oscar Guardiola us Madari house Christie Evans Carlotta Rabelo Martha library
"jonathan fenby" Discussed on Monocle 24: Midori House

Monocle 24: Midori House

04:44 min | 3 years ago

"jonathan fenby" Discussed on Monocle 24: Midori House

"Welcome t- Midori house. My guess today. Our Oscar yada, Yoda Rivera. He's a reader indoor Birkbeck university of London and Jonathan Fenby Jonathan is chairman of China research. He's also director of European political research at TES Lombard, gentlemen. Welcome. Both of you to the program. Let's start first with Donald Trump because he may have to hold off from delivering his state of the union address to congress on January, the twenty ninth house speaker Nancy Pelosi said security risks caused by a partial closure of the US government means the president must either delay. The speech all submitted in writing what the shutdown the longest on record is now in its twenty seventh day with no sign of a resolution must Pelosi has denied playing politics and says the shutdown is hurting the finances of the department of homeland security and intelligence services both of which are responsible for security at the event rather ironic. So Jonathan is Nancy Pelosi thing disingenuous when she denies playing politics. I think I think you can say that. I've been the Democrats here CC an opportunity, and of course, the the secretary of homeland security has deny to this any problems. We're in this usual hall of mirrors here, but the Democrats are viscerally intent on pushy what they see as a weakness for Trump that he's backing himself into a corner with his base on this whole issue of the shutdown. And they as one of them said it, welcome to the new democratic majority. Get used to it. I guess I'll look if if this is correct Jonathan's interpretation that it is just playing politics. Look at the end of the day is going to win Bolden the president and his base because he'll say, hey, you all I'm a victim off democratic politics. The kicking me won't surely Trump will try to know turn this upside down as he usually does. But he's clearly an attempt to buy Balazs Schumer to get insides the precedent to ski now under the Skien as we say it. But well, these shows is something much more interesting what we're witnessing is a real conflict between the executive trying to impose its will on congress, and congress, you know, kicking back, but Tiki clearly the more the more progressive sectors of congress, which is why also in my be a misnomer to name these a government shutdown so partial. Shutdown of those agencies some programs that tend to help the many not the few. There is a very interesting article in the nation. You know, building on that premise, whether one believes the premise or not buys buys, it wholesale in does mean that there is really political intent not just political playing here. But let's dependent that idea a bit further Jonathan this idea of the executive the president up against congress. Look, this is the first blast of what we were told could potentially happen that in spite of all the talk about bipartisanship, it was never really going to happen. Absolutely. I mean Trump and bipartisanship are not two words you associate together very easily technically, the president has to actually be invited by the two houses of congress to come in and give the state of the union. So you you can you can save from that formal point of view. Congress has the right not to invite him. But this is I think just, you know, one of what against be a ho series of standoffs between the White House and the house of representatives, and the Democrats there over the next two years all of it in a sense focused on the Trump would like to be his reelection campaign in a couple of years time. So we're in this very long period, and how much home that actually does to the kind of people who was talking about a moment ago and then to the economy and to the whole working of government. I mean, you know, it is quite possible. That for instance, we won't have economic data from the the government in the US in a few months times. Big numbers coming up don't found payroll the first prime numbers. Yes. I mean, they'll probably be independent I'll of a numbers there. But the whole of that and ironically enough, I just read today. The the US trade representative's office, which is due to resume talks with the Chinese at the end of this month about a third of their staff are laid off. So what the effect? I mean, no doubt. You know, the top people will still be there..

Donald Trump Jonathan Fenby Jonathan congress Democrats president US Nancy Pelosi Yoda Rivera Oscar Bolden executive Birkbeck university of London chairman of China TES Lombard White House Tiki Skien