this with the philippines, not a huge economy, but not an insignificant one and of course one that used to be many, many decades ago an american colony. so i think the challenge is really going to be not letting xi jinping take advantage of this moment. >> and on taxes, here he is at the white house today, he met with business leaders, christian, and he's promising tax reform. tax reform now that they have majorities in both houses is definitely on the table although it's hard to do it and satisfy all constituents in the republican party. >> it absolutely is. the devil's in the details when it comes to taxes. there's no doubt about that, andrea. look, his meeting with the ceos earlier today aimed at putting the focus on jobs and sending yet another strong message to companies that, if you outsource jobs, you're going to get slapped with higher taxes. you heard about him talk about his goal to try to reduce regulations, and then to lower taxes on the middle class, a