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Bali for the first time in more than a decade. mr. biden's first meeting with president xi since taking office. for more on this let's bring in our nbc chief white house correspondent peter alexander. peter, what can we expect from this meeting today? >> i don't hear the anchor. >> we're going to have peter back in a minute. right now we're watching president biden sitting at the table here. we're going to take a quick listen in. >> the secretary. one of the national security advisors is expected to be there as well. the secretary of state anthony blinken. the president is gathered with an ope...

>> as a canadian, i resent your imperialism. >> we haven't taken over your country. >> well, you tried in 1812 and we burned down your white house. >> do you know who i am? >> no. >> i'm watters and this is my world. you just snorted. >> kimberly, megan and peter back. fox news contributor ebony williams. so ebony, they never moved. >> no, they didn't. it's funny because the celebrities, right, they maybe have the luxury saying they're going to move. but my favorite was on facebook, the lengths people saying they were going to move and then people were like, honey, you can't even move out of y...

>> as a canadian, i resent your imperialism. >> we haven't taken over your country. >> well, you tried in 1812 and we burned down your white house. >> do you know who i am? >> no. >> i'm watters and this is my world. you just snorted. >> kimberly, megan and peter back. fox news contributor ebony williams. so ebony, they never moved. >> no, they didn't. it's funny because the celebrities, right, they maybe have the luxury saying they're going to move. but my favorite was on facebook, the lengths people saying they were going to move and then people were like, honey, you can't even move out of y...

States of america as' canadian? >> as a canadian, i resent your imperialism. >> we haven't taken over your country. >> well, you tried in 1812 and we burned down your white house. >> do you know who i am? >> no. >> i'm watters and this is my world. you just snorted. >> kimberly, megan and peter back. fox news contributor ebony williams. so ebony, they never moved. >> no, they didn't. it's funny because the celebrities, right, they maybe have the luxury saying they're going to move. but my favorite was on facebook, the lengths people saying they were going to move and then people were like, hon...

>> from my perspective, the fed is in a bit of a box given the fact that global coordination in terms of monetary policy has to today at least, at least to the last week or so, it has worked. now the fed is -- does not have that option of lowering rates or reintroducing a stimulus package. what the fed can do is speak to policy, terminology is going to matter a great, great deal. the fact of the matter is, we're getting gdp on thursday. it's probably going to be stronger than expected. the fed is going to have to address that by stating they are probably going to hold off on moving on rates. a...