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Reagan and nixon did it. >> do you think the president has made progress that we haven't seen? >> i will be willing to eat a lot of krou if i'm wrong. but i think they got played right before the g-20. china said it would revalue its current city. it made a little head fake and i think the administration cut it a little slack. but i think overall china'sing for to look out for its own interests unless our market access is at stake and so far we haven't been willing to do that. >> one of the bottom lines here, and when we hear about global rebalancing and you've mentioned this, but this is an a...

And pick the one they want. >> let's get right to nbc news chief white house corners hallie jackson. hallie, break it down for you. what do we expect to hear from the president? >> reporter: actually, listen, probably 90 seconds now, chris, we just got warning from the white house the president is go to begin speaking any moment from here inside the white house. based on advance excerpts of the speech that just popped into our e-mails, the president will frame this, of course, as the beginning of victory lap, frankly, looking ahead what he's calling a big victory. often heard the president and...