John Kennedy: ‘God Created the World, But Everything Else Is Made in China’

RUSH TRANSCRIPT BARTIROMO Senator ░░░░░░░░ me switch gears and ░░░░░░░░ you about your legislation ░░░░░░░░ terms of your bill ░░░░░░░░ kick Chinese companies off ░░░░░░░░ U S Exchanges if ░░░░░░░░ keep hiding audits from ░░░░░░░░ S Inspectors The president ░░░░░░░░ referred to this and ░░░░░░░░ asked him is he ░░░░░░░░ to go one step ░░░░░░░░ and make sure to ░░░░░░░░ these Chinese companies that ░░░░░░░░ listed on our exchange ░░░░░░░░ to just follow the ░░░░░░░░ that everybody else does ░░░░░░░░ us about your bill ░░░░░░░░ God created the world ░░░░░░░░ everything else is made ░░░░░░░░ China how did that ░░░░░░░░ We let it We ░░░░░░░░ China to be admitted ░░░░░░░░ the world trade organization ░░░░░░░░ December 11 2001 China ░░░░░░░░ cheating December 12 and ░░░░░░░░ Trump has been the ░░░░░░░░ president to really stand ░░░░░░░░ to them Let me ░░░░░░░░ you an example If ░░░░░░░░ list your stock on ░░░░░░░░ American exchange you have ░░░░░░░░ have audits periodically and ░░░░░░░░ sec gets to review ░░░░░░░░ audits China has many ░░░░░░░░ its companies some state ░░░░░░░░ listed on our exchanges ░░░░░░░░ they refuse to let ░░░░░░░░ sec look at their ░░░░░░░░ and I have a ░░░░░░░░ to kick them off ░░░░░░░░ ve known about this ░░░░░░░░ and do you know ░░░░░░░░ the Congress has done ░░░░░░░░ it Nothing zero nada ░░░░░░░░ And if my bill ░░░░░░░░ senator van H ylen ░░░░░░░░ bill comes to the ░░░░░░░░ of the United States ░░░░░░░░ it will pass BARTIROMO ░░░░░░░░ is also a letter ░░░░░░░░ out this morning to ░░░░░░░░ Clayton the chairman of ░░░░░░░░ securities and exchange commission ░░░░░░░░ him to make this ░░░░░░░░ but you heard what ░░░░░░░░ president just said when ░░░░░░░░ asked him about this ░░░░░░░░ they will then take ░░░░░░░░ listings and go to ░░░░░░░░ and go to Hong ░░░░░░░░ but I think what ░░░░░░░░ really important to point ░░░░░░░░ is that these companies ░░░░░░░░ not get the liquidity ░░░░░░░░ get in the United ░░░░░░░░ anywhere else in the ░░░░░░░░ Forget London and Hong ░░░░░░░░ the United States has ░░░░░░░░ most liquidity and that ░░░░░░░░ going to be a ░░░░░░░░ blow to them and ░░░░░░░░ administration also did a ░░░░░░░░ blow to huawei telecom ░░░░░░░░ you know on Friday ░░░░░░░░ making it more difficult ░░░░░░░░ huawei to sell to ░░░░░░░░ chipmakers Kennedy Well if ░░░░░░░░ state owned companies are ░░░░░░░░ to cheat American investors ░░░░░░░░ do we want them ░░░░░░░░ our exchanges China can ░░░░░░░░ go to Hong Kong ░░░░░░░░ do have some of ░░░░░░░░ listings on the Hong ░░░░░░░░ exchange but China is ░░░░░░░░ destroying Hong Kong economic ░░░░░░░░ and politically You made ░░░░░░░░ very good point there ░░░░░░░░ less liquidity in London ░░░░░░░░ wants to list in ░░░░░░░░