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ABC
Jan 23, 2011 9:30am EST
one company's dress code for employees. and whether china is beating us in business because of better parenting. stay with us. parenting. stay with us. big. hot. pastrami. don't dare call it a cover band -- unless you're talking about covering freshly baked bread with layer upon layer of flavor-packed pastrami. this sub lays down power cords of tasteocity with pickles, mean licks of mustard and riffs of melty, bubbly cheese. catch 'em before the fresh toasted tour leaves town. subway big hot pastrami. crank up the flavor at subway. >> welcome back. president obama has announced a new general electric c zero. it is getting a new name and will now be called the council on jobs and competitiveness, coming on the heels of the promise to get rid of numerous regulations and red tape. i would like to welcome financial reporter john maggs to the table. what does this mean for the business community? >> last year, the president got a lot of guff from the business community for being anti- business. jeff immelt was one of them. ever since the election, the president has been reaching out to bus
ABC
Sep 28, 2014 9:00am EDT
yourur fily as well , innnovative techniques china producing paper that just might surprise you. >> a lot of people said, i could not get my raise, my promotion. i hit the glass ceiling, the bamboo c ceiling, whatever ceiling. i have the opportunity, let's go do it. of course, that is a great option. entrepreneurship is a great option that hit ceilings that they want to overcome. it is a great option especially for minorities, a lot of women that hit the glass ceiling. we see a lot more people going into that. if you are comfortable, yeah, you have to convince more people like your spouse that you are not crazy. i am going to give up the day job -- your parents, whatever -- and i am going to take this huge risk and doing this great endeavor. but those people have passion and they really want to do it. once an entrepreneur has a business doing -- a business going and they go along, they ask, when should i sell? you should sell at the right time. [laughter] >> it turns out the year i sold was 2005. very unfortunate that 9/11 happened, but for governor -- government contractors, this ver
ABC
Jan 1, 2012 9:30am EST
. yoyou have big news about china buying into the virginia wine business. >> i do. we will sign papers today that will allow for the first time virginia winerery to be sold to a foreign nationanal. a a large one company has purchased into the partnership with me. they are a majority owner and partnership. the e idea of king the brarand of the wine to very high levels in china for national distribution, pricice, quality. th are going to invest a lot into the virginia wine industry.y. i amery excited aboutt it. >> one of our r regulars is always warning china -- warning aboutut chchina buying up to much of the u.s.. >> i think it is a great deal. china is bringing in moneney to help the business continue to grow. they are going to invest in our product here we will continue hire local people who need work. we will make a good product sellt at arofito china and they w will invest a lot of money into the winery as a destinatn place. >> an imessive business mododel for industry that i n not an eaeasy place to make money.. i i want our visitors to t that -- ouour viewers know this was
ABC
Sep 16, 2012 9:30am EDT
belli, it isis hard toto see how this will be sustainable. withth china slowiwing in the u.s. ecomy y growing at les than 2% it is hard to see where profability will come from. >> let's also acknowledge that ben bernankeke is something of a psychogist. the rket was expecting an oreo cookie.. he ge the same -- stuffed oreo cookie in a dble-stuffed o oreo cooe. >> our generation of economists believe you can only for the market for so long. you mimight get the ball out of this, but evenentually the air comesut. >> i was just going to ask a question, really. was this action because our elected officials s do not in terms of policy? >> a loaded question from barbara lang. >> i will ask k these gentlen cause w we and nonot gotten electe ficials to do what they need to >> i haveve said that we cannot get this economy going until wewe do something about china and oil development someing e president has promised to do and has not done. chuck schumer understand that. he is a big advocatate kind china and he has pressure fm chuck schumer and was lectured to get busy. >> do you think it is him
ABC
Oct 9, 2011 9:30am EDT
pursue electric vehicles, but does so in tandem. he talks about china, gets irritated by check, but he looks like he is afraid to stand up to china. if we did some things about the trade deficit which is within the power of the president to effect if we would make a real process. there are legitimate complaints about banking regulation. we have increased layers of regulation on banks, and he keeps in defending it even thoughgh the banking situation the e home mortgage situation does not get better. >> i will give you a good grade for that answer, but an incolete. i want tonowhat the private sector can do? >> you cannot blalame genera electric for not building a light bulb factory if people are eager to buy chinese light bulbs because they are subsidized. you cannot blame people for bung imported oil if you do not let them buy in domestic oil. the president has to get out of the white, and he does not get it toyota >> -- get out of the way, and he does not get it. >> the president said the chinese are trying to gain the system, but he is worried be regulations would not get wto approval
ABC
Jan 11, 2015 9:00am EST
. >> when investors believe that ere is not enough grorowth, that china, emerging markets, and others will not be growing, willll not be manufacturing, they are not going to bid up oil. >> the u. economy, most of i it is dven by consumption. about 10% is driven by exportsts. oil prices are going down for one or two reasons. there is too much oil because of deflation ieurope, china slslowing down, you pants terrible demographicscs. or it is going to be gre for the u.s. economy because consnsumerwill be ablele to o drive the world.d. it i is an open ququestion. it readydy for lots of volatility. the long u.s. dollars and u.s. assets. >> he said youou gave a green light for the year ahead to the u.s. economy. i gave a yellow light. i feel like there are precautionary flags. i include things like china's slowdown. where do you see that in the year ahead? >> i look at sentiment. eryone says the united states is the place to be and people hate your area -- hateurope. we consider that. if you are a eurean companany exporting to the u.s., j just now a positive cause they are receiving
ABC
Jul 27, 2014 9:00am EDT
panama, near the panama canal. we are building in china, in india. we have many more buildings ing up. have a great record of success. bids.ad 100 they bke it down to 10. all 10.e stars, had ase us becaususe we concept that was better, and i think a track record that was better than the others. >> if you were going somewhere for business, which would you most want to stay in? >> ultimately, it might be this one. we are g going to have the largt luxury ballroom in d.c., the best suites, the biggest and most luxurious. had a concept that was better, andwe y top-of-the-line. i am trying to make this the finest hotel anywhere in the world. we have the bones to do it. meaning the building itself. we have what it takes to do it. and we have the location. i think ultimately this is the one we areoing to be most excited about. couple of times through the process said it would've been ok if you toned down your comments about the president while you were in the middle of bidding for a government property. much to you, stop criticizing the president, this is business? >> it was refreshing to see
ABC
Feb 20, 2011 9:30am EST
opposed to china? by the way, as a consequence, we are not going to get his manufacturing jobs thanat senatr warner talked about earlier in the show unleless we do somethig about china because they are requiring companies to do their research and development. >> i will have one of fun facts. the high-tech industry did millions of dollars -- $1.5 million to president obama's mccain and one part $5 million for senator john mccain's campaign. our number of the week is 41. campaign. our number of the week is 41. we will tell you a [music playing] america's beverage companies are working together to put more information right up front... adding new calorie labels to every single can, bottle, and pack they produce... so you can make the choice at's right for you. he wanted a curriculum designed to meet market needs, withthaculty who brought real-world perspective on where the business world was headed and the practical experience to help him make an impact. my name is sean blankenship, i'm making the electric car more accessible, and i am a phoenix. [ male announcer ] imagine what a busines
ABC
Mar 16, 2014 9:00am EDT
problems in china. and the showdown continues. >> we fight for o freedom, we fight for our independence, we fight for our sovereignty, and we will never surrender. >> also this week, president obama signed a memorandum directing be labor department to change rules on overtime pay. the president criticized rules meant to protect higher paid executives from qualifying for overtime but are now being used to prevent even lower wage workers from qualifying. >> it is not matter what you do, if it is physical work like stocking shelves, it is not matter iyou're wororking 50, 60, or 70 hours a week -- your employer does not have to pay you a single extra dime, and i think that is wrong. >> it was a bipartisan group in the senate have reached an agreement to extend long-term unemployment benefits for another five months. pay primarily by boosting customs fees. there were encouragingng numbers on the jobless front. first time unemployment claims ,000.d to 315 it was a bad week for auto giant general motors. in company knew as far back 2001 that it had a deadly problem with ignition switches and k
ABC
Mar 1, 2015 9:00am EST
the number one place to invest is the u.s. kit has overtaken china for the first time in five years. rebecca: what do you think changed? bob: china has slowed down. it has not come down that much. but the u.s. has risen a lot because of the sbility and resiliency of the u.s. economy. as bad as people think it is sometimes, there is a lot of upside. it is a beacon of light around the world. we have a great consumer base and worker base. those things are really attractive for foreign investment and where they want to sell goods. last but not least, u.s. companies and the u.s. environment is very focused on technological changes that impact how you do business. the u.s. is a great test ground for what the rest of the world wants to do. that is a great opportunity for them to learn. rebecca: what struck me is this is the best of times, the worst of times. you have got 62% of your c.e.o.'s saying they seem worth growth -- more growth opportunity than three years ago. that is a phenomenal number. they also say it is a world that is volatile and unpredictable. what is the volatility and un
ABC
Apr 29, 2012 9:30am EDT
something about trade with china. you can decrease gdp by half trillion dollars a and create 500,000 jobs. mr. obama talks a lot about those things. looking at mitt r romn' advisers, i am aery skeptical guy. >> these are long-te policies that peter is talking about. nono president c can turn things around with the flip of a switch. tim geithner and bill clilinton will be e in china to discuss these economic issues. >>>> they have beediscusussing these issues now through three presidents. therneeds to be a differerent approach. what is the defifinition of insaninity? >> that said, there is nono guarantee thamitt romney's solution is going to address these problems in a wa that is productive. >> i think if you lifted the ba on drilling inhe gululf, you would get a dramatic infrastructurere program that would create a lot of jobs. if you put a tax on conversion,n, that w would realign their currencies. there are substantive thing that can be done that this president t has chosen not to do d as a consequence, the long term solutions have not happened. >> label me as a skekeptic. let's talk ab
ABC
Oct 26, 2014 9:00am EDT
since t financial crisis. china is slowing down. they are going from 7.7%% to 7.4 percent growth.h. my feeeeling is that conditions have not changed. i wrotote an article two weeks ago, don't panic, when the maet was crashing. nce then the mart has rebounded. >> what do you think is the biest issue people s should be loing atat, jonathan?? >> what peopople described his right. the world is pretty much status qu i think the biggest issue in the united states economy is with th25 year cyc, that supporting o our jobs. until congress and the e presidt decide to do somethihing about that issue -- >>. said peter up for that softball. -- don't set peter up for that softball. don't get so excited about the unemployment rate. old for college, too younung to retirire, are unempm. many of them areot even lookoking. america's new [indiscernie] espn, w where they tch runs stead of dng something productive. >> w we are not p producing enoh lolow-wagege jobs for wkers, we are not producing enough h high wage jobs for men >> we are certainly not producing the kinds of jobs that men used to do. the con
ABC
May 27, 2012 9:30am EDT
we. >> a gm chief economisist ward his biggest concern was the slowdwdown in c china. we often dodo notemember that the key soururce of growth for general motors anall those companies happens to be in china. >> i say w listen to the old company's like gm. gm told us it wasot even worth one pennof their global ad budget. lilisten to gm this week. >> that wod be a hug change from the roughlhly last 20 years. >> josh boak think you could joining >> our number o of the week, 30, could make this memorial day weekend very memorable for car dealers. kelly blue book is forecasting an increase of 30% this year. two additional sales days in may as well as moree inventory to sell. we hope you hahave a great memorial day weekend and thank yofor joing us.
ABC
Aug 21, 2011 9:30am EDT
consumption in china, impact wool exports from new zealand textile producti in spain, and the use of medical technology in the u.s.? at t. rowe price we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information risks, fees and expenses to read and consider carefully before investing. [ screaming ] [ zapping ] there goes dwayne's car. oh, man. there goes dwayne's house. whoa! whoa! and there goes dwayne. man, that thing does not like dwayne. [ male announcer ] state farm's got you coverov. nice landing. it was. [ male announcer ] get to a better state. >> our number of thehe week, $6.15. that may be the price for stockholders to switch to fitch. the company offered to pay "the situation" not to wear their clothes. cnn money reportrted a drop could have come fromm out look comments that the c company made. does because u think a bunch of overly tan kids wi big hair and big mouse appear too ta
ABC
Feb 19, 2012 9:30am EST
china. if we turn that around, we did 3 million manufacturing jobs. that is not all the jobs we have lost. the problem is half of the jobs we have lost have been to better technology. the other half have beenee to lousy trade policies. fix that, in you get a lot of jobs back. go to a chinese factory. they are using the sync technology and they are employing people. there are middle-range jobs that we could get back but we have not get -- gotten back because prident obama has not done the things he promised to do. that is what mitt romn should be hearing him about, and those guys are talking about contraception. >> where did that smile? alex orfinger? >> i am happy we did not depend on the manufacturing economy. >> thank you. >> there is a bible that many in the business community use that is published by alex and "the washington business journ." let's look at the fastest the growing companies. it is the manufacturing. most of the fastes car technology. >> technology, technology, technogy -- the number one company is one i had never hear of. >> i have not either. >> they are a co
ABC
Feb 26, 2012 9:30am EST
hard to find. >>>> they a also have the foreign firms cong io fairfax county from india china sweden, and switzerland. use a one of thehe things that can help comommerciaial re estate -- you want some new tax incentives that would do away with some business incentives ththat would do away witith more foreign investmentnt. >> the president has called for more foreign investment into all parts of f our economy. we are trying to bring in more foreign capital into foreign real-estate. >> ---- in to commercial real- estate. loans are n now maturing. theyre substantially a lot of them undnder water so they need a lot of eity rereinveststment to balance them to help transt business. right now thehere is a tariff in effect on investment intoto the u.s. by fororeigners. we want to lower that tariff and bring in more capital to help rebalance these loans and create jobs and help grow the economy is. fairfax county is just one. across the country, we need a lot of money to get the loans rebalance e. we a working w with the administration. some of this can be done without legislation. >> what yo
ABC
Sep 29, 2013 11:00am EDT
would be shipped to countries like china. mayflower -- where a burst pipeline coated the streets in oil. out west, where clean energ is america's growth industry. and today...new york -- where less than a year ago, the atlantic rose 13 feet high, pushing the sea into the city behind me and shutting down the nerve center of our economy for days. as carbon pollution heats up the atmosphere, extreme weather events are happening more oen and with more ferocity. 3,500 weather records were broken last year, and it cost our economy over $100 billion. we can't afford to make the problem worse. that's why the president was right when he said the test for keystone is whether it would generate more climate-changing pollution. the truth -- scientists report keystone oil would produce as much carbon pollution as 62000 cars every year. mr. president, you've had real accomplishments when it comes to fighting climate disruption. we're getting more miles per gallon out of our cars and putting less carbon pollution into the air. let's do the right thing on keystone. ♪ >> we are back with our roundt
ABC
Oct 28, 2012 9:30am EDT
. we would take a $10,000 bet issue. the big thing is cracking down china and makaking that a first prrity. that is a major talking point in ohio and that takes time to ramp up. you have to set the wheels in motion to get results. asking for more t time, down anix monthso lay agenda, aax reform, to get his hands on the budget. when you have a campaign without want toils on how you e budget, while closing deductions, it takes time t to negogotiate. >> donald trump was o on davivid letterman.n. he h had already made a wager tchallelenge barack obama his college transnscriptsts. oand on about why he supports mitt romney. dad letttterman sang, a look at your neckties. made in china. >> mitt romney comes down hard intellectual property theft you try toot like if hold them accountable, there is reversal and 2 i instantly sing up from t process. >>e need to get a break and t to hear whi y would think about obama. it will bring in our full rounud table. stay w with . discuss inlot to this campaign. i gott when my internet here was faster thanmy at my office. [ man ] i got it when i upload a
ABC
Apr 17, 2011 9:30am EDT
the recession? >> there is an awful lot of demand in india and in china for mid market hotels as well as in brazil. we will be building faiairfield inns. ritz-carlton it grows primarily outside of the united states. we have a 40,000 rooms in europe now, expected to double in the next f five years. all of the brands are growing. ritz-carlton in asia is popular. >> you have a brand that is considered to be not as fancy as the ritz carlton. what does it represen >> we named it for our dead who founded the company. the first one -- we named it for our dad who founded the company. some are in arizona and florida. >> we suggested to our followers that they let us know what to ask you. there were two themes. one was the love for the mamarriott brand and the standard, whether it is the pillows the beds or the service. there was consistent concerned that as you continue to grow, especially overseas, a lot of people say there are worried that you are going to take the cultural experience up to the places where you go that it would be too much of a vanilla option. >> we are working very hard to
ABC
May 6, 2012 9:30am EDT
about jobs numbers, china and news from our region th our roundtable. the firsfocus is ourocal sinesses. duringhe recessionon experts new charitabable donations would drop but analysts re surprised by how much. donations tank by a full 20%. far m more than in previous downrns. now thslow speed of the recovery is continuingg to drag on charitable donations. every year at ththis time, business leade come together to recognize businesses who make philanthropy a t priority. joinining us today, john rter senior vice preresident of bb&t bank, and kim fiske of fiske & harvey. first, we wa to tatalk aut the bottom line for both of your indust it. let's start with banking. john, what is the outlook? >> thank you for having me. i think banking hasurned a corner. for my bank bb&t, we have had a great first quarter. >> according to the financial press, you had net incomee jumpining 91%% for bb&t the first quarter and its stock climbing 24% one ofof the m most important numbers for cusustomersrs, youuere onone of 15 banks thakst passed the stress test. impressive numbers. >> another important numbei
ABC
Jul 12, 2015 9:00am EDT
working. but back to business. i talked to him a couple of weeks ago and i asked him about china. i said people in china have to be upset with you when you criticize china so much. he kept insisting, i am an american, i am going to say what i want. but does it make any business sense? >> i am not sure i shared jonathan's opinion that he is necessarily running. he is a bombastic showman. he ia very bright ma if you take himside and say what hase done with the apprentice what has he done with h brand, he getets himself out there? does she gets himself out there. -- he gets himself out there. becca:a: butow the trump brand is being devalue >> what are you talking about? h's running for president. rebecca: but 's not givinup the business or taking his name off theusiness. >> but that's what i'm saying. it's an entertainment activity. i think that''s disturbing to me wherthe publicican candidate -- the field is starting to coalesce and the front runner is him buddy -- is somebody people say cannot be serious about nning. it concerns mebout the proces rebecca: butut we're not gng to get i
ABC
Sep 2, 2012 9:30am EDT
necessarily systemic. do you believe that, that this is a cyclical issue? >> is the trip to visit china and traded on oil -- $600 billion togetherth primary reason that there is notnough demand and the.s. econom is tanking. has just abousaid ass much, and me is barack oma at tie -- and s so has barack obama at titimes. eveven romney talks about doing business, but it gets further into his campaign, he listens morend more e to his economimic advisers and hee decides he's not up to it. >> romney has said he would t reappoint bernanke and would look to someone like glenn hubbard or john taylor. hubbard is one of his enomic advisers. it wl bintereing to see if bernanke will last in this will. >> glenn hubbard h a long record about being against doing tradade with china, and if you don't toto trade with china, you don't get t cows that had barr -- co back in the barn. >> the p president did a type of inrvieiew he has not done before, an "ask me anynything" with reddit. a very hip waof communicating with youounger voters, which they have b been trying to do a week. he went to charlottesville
ABC
Jan 15, 2012 9:30am EST
give you 500 million jobs frothe public sector. oil and china. the president promised to do somethining about china's undervalued c currency and has not. he i promising to do something, mitt romney. the other thing is oil. the democrats will not drill r oil. >> ththat iss dragggging on the small businesses and large businesses alike. the small businesses are concerned with a balln out there fated out t there b by gov. o'malley talking about a sales tax. i have heardrd some of your fellow colleagues say no one saw the coming. what is your take on this suggestion? >> we have a $1 billion deficit. it is exactly what you said, a trial balloon. there is going to be no appetite in the general assemembly to pass a hike in the les tax. itit really comes after a long dete with a blue ribbon mmission. the maryland chamber of commerce supports the gas tax, the greater washington board of tre, andnd anothther comparablble group in baltimomore. >> i want to get to the gas tax later, but let's get back to the sales tax.x. it sounds to me that it is a trial balloon that may be a non- starter. >> it ma
ABC
Jul 26, 2015 9:00am EDT
told run, don'tt walk from european stocks and worry about china. anne: right, exactly. last y year we substantially are performed the developed international market, so it y be an issue of our market getting expensive and the european markets getting cheaper. they are also about to go into quantitatitive easing. don't fight the fed d was a big trend here recca: but don't just read the headlines. you ha to look deeper. whatre the curnt numbebers for the international devevelop markets compared to the s&p?p? anne: as of friday, your toy out 8% and it s 3% here as of friday. rebea: so, let's start with interest rates. what is your crystalal ball telling you? anne: there are a lot of questions, but the biggest is when is the fed going to increase by how much?? will that stothe bull mket? we are more than six years and tohe bull market - rebecca: buying hous anall kindof things could impacted. what is e answer? anne: the short-tm interest rates go above, long interes -- above long-term interest rates that is a warning sign. rebecca: green light f from you. and with the leadingng econono
ABC
Jul 1, 2012 9:30am EDT
come from china. the u.s. exported about $663 million of americican flags. about $80,000 crossssed the bordeder last year. we hope younjoyt waving your fourth of ju flathis holidaday.. we hope you join us next sunday. i'm rebebecca cooper. [ wife ] your dad's really giving him the business... the designated hitter's the best thing to happen to baseball! but it's not the same game! [ wife ] wow, he's really gonna get us a good deal. it's better! no it's not! the pitcher comes up and he's out! [ dealer ] he can bunt! whatever. but we're good with 0% apr for 60 months? oh yeah, totally. thank you so much. that must've been brutal. [ male announcer ] the volkswagen autobahn for all event. at 0% apr for 60 months none needs to know how easy it w was to get your new volkswagen. that's the power of german engineering. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪
ABC
Sep 25, 2011 9:30am EDT
time that the fed acknowledges it. thexchange rate, a trade with china, and fiscal policy -- those are out of alignment. >> what is capitol hill saying? >> capit hill, ayou know, the republicans came down on ben bernanke and said do not do anything unle you can show it will be effective which is an interesting burden because no one can prove anything in this economy will be affected. >> i have to say i have always been one of the biggest defenders of capitol hill. i know the e plenty of people up there that work plenty hard. i've lost faith in congress this week. what can businesses, on? >> people assumes that if the market gave enough signals those signals would be interpreted by our lawmakers. in stead,d, that has not happened. >> is there anything we can count on? where dodo you see -- >> it is all going to go to the super committee. the first several weeks, the super committee i is going to be boring as all get out. they will deliver a proposal that will get everyone up riled up during thanksgiving. then we will go into christmas and everyone will be nervous whether these deals
ABC
Nov 13, 2011 9:30am EST
from places like china. if you are imandarin-speaking architect, thehere are jobs to be. where are the jobs? >> we haven't found the property owners continue to have -- we have fouound that property owners continueo have e a need. there is a certain amount of turnover with leased spa. in thihis environment making your public spaces s and your office buiildings mixed use buildldings making the public space is more attractive t people is very impoant. >> so the big tra binins outside showing that people are doing renovations inside. >> breaking dry wall, when you revamp buiuildings inside. >> you ve been a driving force behi the biannual builders' ball. it tk a hiaiatus because the econonomy has beeeen so pour. but it isack. >> it is a greatign of the economy. despitite the recession and thehe one-year hiatus, the washington design and construction industry and a number of develelopers have been extremely generous. we are exceeding our budget for the amountnt of money we are giving out to charities. everythihing that cos i in in the next few days -- >> you architects are known as a c
ABC
Apr 24, 2011 9:30am EDT
. we saw thatt in korea china, and japan. 82 days ago starbucks creed a mobile payments in the store in 82 days, we have had an unbelievable level of frequency and dollars spent on your cell phone. what is coming in the future and it is not years away, it is now -- your cell phone is going to become your primary payment system. this is a change in consumer behavior. i think this is a very important point. no matter what business you are in, if you embrace the status quo as an operating proposition, -- you must push for self-renewaand you must push for reluctant innovation. the challenge, and greatat companies will do this, achieving the balance. because of technology and because of the change in consumer habits, the status quo of how we have operated our business is very difficult as a sustainable printable. >> -- sustainable principal. >> we heard it throughout the health-care debate. most businesses have said they cannot provide the level of health care that many in congress want. you have bn doing it r years. >> i cannot even remember all of that. >> then we are going to get to th
ABC
Nov 11, 2012 9:30am EST
republicans say when ththey talk about it. and dealing with china, which the president does not want to do. the republicansiew it as protectionist trade you h have assetsts of mplex probms which must be resolved, i d don't see much hope for that in t the next rounund. we will get a band-aid, the higher taxes that you despererately wt, -- -- yes - [laughte >> he likes to label. marion blakey, you know this town as much as anyone. none of these thingngs are right to happen anytime soon -- going to happen anytime soon. can i to say what my pet peeve is? >> pet pve of the ek. >> p pet peevef the e year, , mayb bruceepuyt. the cbcbo sayiying that if the deal is not reachched to oveome the deficit, real gdp would drop 0.5% in 2013, unemployment would ju to 9%. that is assuminthat no ta rates go up and d no spending g cuts -- >>isten to that -- >> way, i want to finisish myy point. thfiscal cliff means that tax, exexpiring and s spending cuts going into effect, and we will get that en if ther is agreement t has toto include some of ose ththings. >> if adoptethe agrgreeme, we will los$6 billion of
ABC
Jun 28, 2015 9:00am EDT
to tout his new pga court and his blood views on trade, china, and his -- and his blunt views on trade, china, andnd hispponents. donald trump, welcome to "washington business report," you are officially a candidate and a business mave donald: we are opening up one of the greatest golf courses in the world. this is the only one that has frontage on the potomac river. we have a lot of great players and professionals. coming up day, we have the senior pga championship, we have major tournaments come. it is a very spectacular day. rebecca: you are a business leleader and you are very outspoken politically. any concern that being a presidential candidate could be bad for business? donald: the country's deep trouble, everybody's taking our jobs japan, china. we are like a bunch of dumb people that don't like what we are doing. some people like when message if they don't, that is ok. i will take this country and make it great again, i can tell you. this country is in trouble. we are losing our jobs, our manufacturing. i've taken this place and made it one of the great places anywhere.
ABC
Sep 23, 2012 9:30am EDT
china's. under obama, we've lost over half a million manunufacturing jobs and for the first time china's beating us. seven times obama could've stpechina's cheating. seven times he refused. it's time to stand up to the cheaters and make sure we protect jobs for the american people. [ male announcer ] barack obama: failing to stop cheating. failing american workers. i'm mittomney and i approve this message. >> we are back. per morici is already complaining will cut h off we do nonot ha t time. let's quickly get toichael neibauer on one of his favoritite topics, china. michl nbaue, you u are trending on e web sitethe second most popular sty of the week. the top bususiness breakfast spots -- not as popular as bac but your story about a major developmpmentlans for a eighth st. ne. tell uwhy this is getting attention. >> andf the magazine called it the hip plplaces in america. this is a 460 unti 400 stalls -- 400,000 square-foot buildlding -- mclaean based. it is continuing to tnspo -- transforormation from traditionally a black neighborhood too much more gentrified. >> and the auxili
ABC
Mar 18, 2012 9:30am EDT
washington do to clamp down gas prices? taking china to court. and goldman sachs and unhappy employee who quiuit viathe new york times. first, the story of a local l bank that has b become one of the fastest-growing b businesses in our region. john marshall bank has landed on the list of top commercial lenders. customers s the bank answers your call when you wt a loan. joining us today chahairman and ceo john maxwell, and the bank president, bill ridenour. thank you r joining us. johnhn, let t me start with you. yoyou took off and had ge to europe and enjoyed some time with your family and three young boys. things were not looking as good in the banking indndustry. >> i asked myself at q question many times. when we came back, so o many bankers were o out there that waed to do this again. we looked at the market and said itas a perfectct time to start a communityy bank. it was security first bank and first opened u in 2006. we were growing but we could d not get o off the ground. we put t two t togetr and renamed it john marshall bank. it took off from ther >> you w were warn
ABC
Jul 15, 2012 9:30am EDT
maet. countries that are growingng china, brazil, india. >> and europe i struggling, but their money is stilworth h more than ours? >> absolutely. they are struggling. but we went to europe bause our dollar was stronger. they are still coming here because their money goes much further. they are spending ur weeks of vacation compad the one week president would normall take. ey are maximizing their time, spending it on retail. >> how do you go after that group? >> we spend a lot of time on the road. we haveepresentatn in various countries. >> china? >> we are speaking to various tourism operators. your encourang them to come to washington d.c., telelling stories about our area. we did that in tdem with the united narrow uninited airlrlines. the goal is toook at washington d.c. as a destination. >> they know aboutashington. basiecapitohill. they s see the white house. but think about virginia's vineyards. you do not think of virginia. you think of california. that costs money to get word out, doesnsn't it? >> absolutely. i think there is a perceptn of d.c. globally that t we are not nec
ABC
Mar 22, 2015 9:00am EDT
herere with china today, is it more advantageous for us to do business with them or not? >> t the chinese market is getting bigger s so the are e more opportunities but the government getting more restrict it. they wanant to make rules and businesses do not always consider friendly. yes, more oortuninity b moree risksk. rebecca: chi drives per morici crazy. he think they are possibly putting restrictioions on our sinessesnd takes advantage of our opportuties but iay ththe good outweighs the bad. >> it is what it i is. a lot ofof advanantages right now in china and a lotf advtages for the u.u.s. cononsumer by dng bubusiness with china. ththe stronger dollar s madede chinese imports cheaper fo amerericans and you will see the sasavings propped up. but if we are lking aboutut americaninveststing in china that is a problem. how doou value assssets in a system that is not transparent? >> andow long will it ststay the way it is? things are becomg unstable recca:o we push harder for top regulationons against china? >> we push harder. rebecca: >> this week on "government matters" -- >> al
ABC
Dec 4, 2011 9:30am EST
. we also had one with a province in china that i was able to go over and d visit t with friends. that was like a 30-year relationship. >> what doeses that do? what opportunities does that offer to localal businesses >> maryland is vergood about -- they opened an office in china, an incator where businesses could go over and see if a partnership would work in china. one of the b best case scenarios is an architectural company that went over -- >> they have more contacts with china nothan they do it in the u.s. >> they designed the birds' nestst. that fantastic swimming bobblele if people d do not know withit. >> ihink i in the rulatory platform, there is a lot of redundancy between different agencieses. they did not have to have so many of t the outside consttituencies that theyey are be holding -- >> if f the economy is doing well, the regulations do not matter. >> revenue hides a l of sins. once revenue has dropped off and dollars getet restricte to where they can go to, it becomes more difficult it t there to open a business or grow a business. >> a lot of comompetition but i
ABC
Oct 6, 2013 11:00am EDT
possibility to pay its debt. is davis warns that it countries like china that now own a good portion of f u.s. det through bonds. >> you pay china off before you pay off your social security recipients. defaults, the treasury department warnrns the credit markets could freeze. the value of the dollar could plummet and interest rates could skyrocket. washington business later say that congress should rein in debt say that congress should rein in debt. >> we need to put in plans in ththe fure to get is rolved. in the greater washington area we are taking a h hit. >> theusiness community coinues in dage control mod in washington, wondering how long it can last and what they can do toessen the imimpact.. we have a pel. oday, president d ceo o of the greater washihingtn board of trade, ceo of t the d.. , andf commerce maging director at guggeeim securies. welcome tto yoall. barbar lete start with you how painful ist for r yourr members, this governnt shutdown they are acting like three- year-olds. three-year-olds act better. they a not showing leadersp. things are unsble. for businessesyou n
ABC
Jul 8, 2012 9:30am EDT
of construction aivity going on right now in the diststrict of columbiaia. >> i have been to china many times. they like to over-air conditionedd in hong kong. where did you go chi? did you have any success talkingng to businesses? >> we were in beijijing and shanghai. i think it was a very successful tripip for us.s. we alsoo dedicated the opening of a new office representinthe diststrict of columbia in shanghai. >> taxpars wonder whwhether that is worth t the expense. >> let me give yoone example. have a f federal progogram that basically says if you are in a foreign country and you would like to o invest in the ited states, if you are willing to put up $500,000, we will ge yoa visa. roadside e development -- we cameme home with a check for $ $40 million to invesest in that project. the office will cost t us about $20000,000 a year to operatate. it will be a present for u us in china,ch a placece where they will do business. has already paid for itstself and will continue to do so. >> you have knowme for a long time. i talk to a lot of people. time and again i talk to business le
ABC
Mar 23, 2014 9:00am EDT
possibilitity of 07. >> ee up and china is sitting upup on $400 triion in forgn exchange reserves. they can literally baiailout evy bank in n the country. it is s a whole different gagam. ininstititutionally china so different. we just onon a how that will ply t. >> our bank is getting a good grade on friy. they say all but one major bank s the capital to pull throh. up.hey called mee >> why would you give up that? >> there's nothing here. you ha to remembeberr he stress test is not t real world, it is a flight sisimulator. they can't have all the failures in one country and this and that. >> last word on the banks. >> it ijust much more concentrtrated than it has ever been. a lot them are in good shape. >> the smart money listens to you and so do i. the man who said he would be the st ceo for the city, talking $14 billion deals and more. find out who it is when we return. >> the hotot race for d c mayor just gototter this week. a new poll shows it is neck anad neck between the twowo candidat. withth the primary quickly proaing, those f fighting to saying what it takes to grow the econo
ABC
Jun 5, 2011 9:30am EDT
the people. >> apparently it started with phishing in china. how can you avoid it? >> is when you send an e-mail to airmass group of people and hoping to snare a few people for information. >> like to credit card information. >> quite often it is a banking information, those kind of things >> can be found on other applications? >> that is also a way. with and the social media we have a lot of secondary applications. >> this is pretty serious. if it was not china, it was going to be somewhere. at the white house is saying they wanted more federal government employees to not use sites that easily aessible. >> i have had administrative officials communicate off line, using their accounts and there are legal issues, but they have been v very careful about that recently. i have noticed the level of the willingness to communicate -- i think there is a real senset the white house that there are bad guys out there lookig into do bad things. >> when i worked at the state department we could not even send an e-mail to the white house because it was so locked down in terms of security, but t
ABC
Jan 26, 2014 9:00am EST
is focused on income d distribution and his reonse is to readivide the pie. if you look at china or germany, they focus on making the pie bigger, having germans perform in next boards, and that way people find jobs. the bestocial prograram is a job. >> that is true. iteepseople working and employment is what drives the economy. look at the bloombererg report e talked about in n the setup pie, how canada wewent past thu.s. as far as business friendly countries to number three. abouthat say something the u.s. falling more than about canada succeeding? >> this is something barack oba cannot blame on his successor. in george bush's era and a clinton era, this is consisiderd a business friendly place. now when y you have a government that over regulates the private sector a and does not focuon getting it right so you have the outcome you want, but creating as many jobs as you can for operatives who supported you doing a companion can ---- still gamblingre up there. it's those kinds of things that make the country unattraractive. >> is it unfair to blame t obama administration when you ha
ABC
Jun 14, 2015 9:00am EDT
needs to be. the are p products that are not made here. birthday candles are only made in china. th can make them more cheaply. they do. this bookrguewe have to stop regretting the manufacturing jobs that are gonand focus onon the millions of jobs that are out there that we are not training for. there e was money built in for the trade vote for retraining workers. they were going to fund d that out of medicicare. that was a dumb idea a and they tried to find it with tax breaks butut there was resistance from the teaa party to progssiv sayinany combat chea imports it t is bad for america, and peter you accept that argument. peter:o, ion't appear i in my view is you haveve to exports much as yo iort soso you can pay for what y you buy. it does s notean we do not make candles anymore, butut there are products in the middle that would be produced here but for entree -- unfairir trade. rebecca:ive anan example. peter: auto parts -- a lot of it has e technolo component being made in china, kore taiwan -- places like that. that should be brought back so that anyone has jobs. rerebecca: o o
ABC
Jun 10, 2012 9:30am EDT
te president tlked about dong that he hasnn't done. deal with the trade deficit with china. deal with china's unervalued currency. he called his bluffand he ddidn't do it. the president bends his knees and why we have the huge trade deficit and drilling for ththe gulf. if he would ststart developing domestic oil and gas he cold create 2 1/2 million jjobs.. ssomething about the chinese defiit theame nummber of jobs. we have a weak-kneed president that likes to blame the conference. you clearly y need more offee. we'lget you some during the ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear calorie labels so you know exactly what you're choosing... and in schools, repeplacing full-calorie soft drinks with lower-calorie options. with more choices and fewer calories, america's berage companies are delivering. ♪ ♪ ♪ ♪ >> aand welccome back. before we get back to our ated round table like to
ABC
Nov 20, 2011 9:30am EST
been substantially curtailed. china just launched its first rrier. now it will be able to launch more of them. and will be difficult to continueur r responsibilities and to properly meet the time that challenge in ththe chi sea without is substantially larger navy then what weave now. >> i am going to put each o you on align. i w will say thdeal will not happen but it will matter. >> i say t that it does not happen a and could have any negagative effects on members of congress. >> it will only hapappen if there arare a l of gimmicks and tricksks. that is the most l likely outcome. at t end o of the day the democrats will gain a lot if it all fallss apa. >> i hate being cynicical, but right now i i am cynica about congress.. now, t the preresidential candidates. we have all l had those moments and rick pernd herman cain have had some very embarrassing moments. noteing able to rememember the dertment of energy. hean cain discussing libya. now herman cain is sang to do not need a reader but a leader. critics say herman cain is not smart enough,h, newt gingrich being accucused of bei
ABC
Apr 3, 2011 9:30am EDT
china because that is an area that people are paying attention to, but i want to get to your current at that you are wearing now. you are the ceo of world team sports. tell us about t that. >> we do athletic events for disabled citizens. in recent years mostly wounded warriors. everybodyy who tak part in any of our offense are exceptional. -- in our events are exceptional. they become a team also. there is a lot of inspiration. >> you have this event the face of america by cried. that is in april. -- the face of america bike ride. for people who are not ready to get on a bike, the business executives without borders organization is doing a happy hour to raise money for your cause. april 5. you can buy tickets for $15 and support the bike ride. >> i will be there. >> it is a great organization. it is an interesting twist for a guy who has done a lot. i think your boots need to go to the smithsonian. thank you for joining us. there is more to come. up next, our reporter roundtabable. >> here we go again, about to start another workweek with a potential government shut down. there is talk
ABC
Sep 30, 2012 9:30am EDT
stisticscs shows we are more than twice the sisize of your next largest, china. but the gap is closing at american exporterso not move toto continue to take advantage of the market. >> yes, our market i very --e have many opportunities. yes, we have thehe problems of syria and the problems s of the tourism, which is ththe main issue for r the lebanese. they benefit from tourirism. but at the same time, we benefit also from the banking system, as i said. and d the sesecond thing is the lebanese abroad. lebanese abroad sending money to their filies, and they moved the economy. and also $8 billion a year, which is 25% o of gd f for lebanon. >> it was an amazing city and i think i trieded help move the econy a little bit as well. [laughter] jennifer nycz-coer, i want to give it to something different. yet a great article telling peop how to better apply for any kindnd of award or nomination. you judge them from your perch at." -- purge at "washington biness journal. whatre thehe striking mistakes? >> i hate hearing t word judge, because -- judgmentatal. it iintereresting. being fly on the ll
ABC
Jan 30, 2011 9:30am EST
enough capital for small businesses to expand. that means solving the trade deficit with china. every time the dollar goes abroad to buy a coffee maker and does not come back here to buy an american product, not enough demand. oil -- the banks, the smaller banks out of the country still don't have a enough money to loan small-business is. >> he also said the both chickened out when it came to getting to the heart of the problem with the economy, entitlement spending. >> and thomas our health care, health care, health care. we spend 18% of gdp on health care and the german spent 12. we pay 50% more for stuff -- whether drugs, hospital care. the president's program subsidizes it by increasing access and congressman ryan possible is a package of obamacare. look closely. it subsidizes you to buy insurance. it is tweedle dee and tweedle dum, mastercard and visa. >> but everybody says if you get more people into the insurance pool, it will help bring some of the cost down. you don't buy that at all? >> not at all. increasing demand of oranges generally dress prices up. giving people
ABC
Jul 31, 2011 9:30am EDT
before anything else. is unclear what is going to bat and. china will get paid, but we are not sure about the 80-year-old grandmother receivingng social serity, whether or not she is going to get her check if the fault happens. >> what does this mean if there is not a deal and we go into a situation -- which the president has called economic armaggeddon. >> it is only armageddonf the president will it so. is more of a government shutdown. this is going to impact not only the chinese but also lots of windows on pensions. there is another $150 billion to pay back. social secururity, medicaid. therere is money left over. who do you pay then? do you pay the troops or ununemployment checks? it is really convenient to use that rhetoric about grandmotothers and payining the chinese. it is really an obligation to pay. >> you have written about government contracactors and how they play in here. are they likely to be on the top of the list of who gets paid. what does this mean? >> it is interesting. the shutdown, a distinction between tn shutdown and not raising the debt ceiling, and that is
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