mike emanuel, thank you. jenna: fox business alert on a hot issue concerning china. a lot is made of china owning debt in our country, but now there's a big debate over whether china mayo thousands of american investors trillions of dollars. joining us now, fox business network's peter barnes. peter, you're not one of those investors, are you? >> reporter: no, i'm not, jenna, but i've been digging deep into this very interesting story. china issued government bonds before world war ii, but it defaulted on them after japan invaded china in 1937. now with america's debt to china topping a trillion dollars, a group of american investors is demanding china pay up claiming its holdings are worth billions today, maybe even trillions too. >> come to the table. negotiate an amicable resolve of this issue. pay your bills, pay your debts just as we, the american people and the u.s. government, pay ours. >> reporter: it's a very complex legal and foreign policy controversy that's been dragging on for decades. when china issued the bonds, it said they'd be honored by successor g