President Biden meets today with China’s President Xi Jinping for the first time in a year. After a tumultuous year of relations with China due to issues like the spy balloons, our fierce economic competition, Chinese hacking resulting in the theft of American intellectual property, and military tensions over Taiwan. Senator Bill Cassidy (R-LA) joins the Rundown to discuss what he believes the U.S. priorities must be in this San Francisco meeting, the balance between competing with China while collaborating with them, and what the ideal U.S. relationship with China should look like.
Inflation is finally cooling off ahead of the 2023 holiday season. For the first time since last July, consumer prices didn’t increase, indicating that U.S. spending habits are returning to normal. However, recent reporting shows that more than half of Americans are in credit card debt due to the high cost of living. FOX Business correspondent Gerri Willis joins the podcast to break down the latest CPI numbers, why investors were surprised by the report, and the evidence that suggests consumers are “not in a good place” despite the positive news.
Plus, commentary by columnist David Marcus.