meta_pixel
Tapesearch Logo
Log in
Fareed Zakaria GPS

Jon Stewart on the current political climate; Xi Jinping's visit to Russia; the Fed's dilemma

Fareed Zakaria GPS

CNN

News

4.23.1K Ratings

🗓️ 26 March 2023

⏱️ 41 minutes

🧾️ Download transcript

Summary

Jon Stewart, former host of The Daily Show and current host of The Problem with Jon Stewart, joins Fareed this week to talk about the possible indictment of Donald Trump, critical race theory, cancel culture, the fight against hypocrisy, and more. Cindy Yu, Assistant Editor of The Spectator, discusses the implications of Xi Jinping's recent visit to the Kremlin. Fareed also speaks with economic historian Niall Ferguson about the Fed's announcement of another interest rate hike - the ninth in the past year - and what this could mean for America's financial system.GUESTS: Jon Stewart (@jonstewart), Cindy Yu (@CindyXiaodanYu), Niall Ferguson (@nfergus) Air date: 03/26//2023 To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is GPS, the Global Public Square. Welcome to all of you in the United States and around the world.

0:08.0

I'm Farid Zakaria coming to you from New York.

0:13.0

Today on the program, a rare conversation with the great John Stuart.

0:18.0

Farid, we either have the rule of law or we have no rule of law.

0:22.0

I will ask him about American politics, the economy, the wider world,

0:26.0

who knows where else we will go.

0:29.0

You want to be upset about real things, but isn't that what drives comedy or art or anything?

0:35.0

And the big meeting in Moscow.

0:39.0

Xi Jinping traveled to Russia this week for three days of meetings with Vladimir Putin.

0:46.0

We know why Russia wants this, but what does China have to gain from this massive show of support?

0:52.0

We will explore.

0:57.0

Also, the crisis continues as the ripple effects from the collapse of Silicon Valley, bank and others continue.

1:05.0

What can we learn from past bank bailouts and crises?

1:09.0

I will ask the historian Neil Ferguson.

1:14.0

But first, here's my take.

1:17.0

The most interesting outcome of the three-day summit between Vladimir Putin and Xi Jinping got limited media attention.

1:25.0

Describing their talks, Putin said, we are in favor of using the Chinese yuan for settlements between Russia and the countries of Asia, Africa and Latin America.

1:36.0

So, the world's second largest economy and its largest energy exporter are together actively trying to dent the dollar's dominance as the anchor of the international financial system.

1:50.0

Will they succeed?

1:52.0

The dollar is America's last surviving superpower.

1:56.0

It gives Washington an unrivaled economic and political muscle.

2:00.0

It can slap sanctions on countries unilaterally, which frees that country out of large parts of the world economy.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNN, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNN and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.