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China Raises Retaliatory Tariffs on U.S. Imports 125 Percent; Xi Jinping Breaks Silence on China-U.S. Tariff War; U.S. Supreme Court Rules Trump Administration Must "Facilitates" Return of Man Wrongly Deported to El Salvador; U.S. Markets Open Lower as Trade War with China Escalates; Mo Salah Signs Two-Year Contract to Stay with Liverpool. Aired 9-10a ET

Aired April 11, 2025 - 09:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

[09:00:00]

(COMMERCIAL BREAK)

CHRISTINA MACFARLANE, CNN HOST, CONNECT THE WORLD: This is the scene in Washington, D.C., where President Trump will be having his first physical

examination of his second term today. It's 09:00 a.m. at the White House. It's 02:00 p.m. in London. I'm Christina Macfarlane, and this is "Connect

the World".

Also coming up, China Xi Jinping speaks out for the first time since the Trump tariffs, reiterating China's stance. And in the U.S., the Supreme

Court weighing in on the Trump Administration's deportations. Meanwhile, Special Envoy Steve Witkoff is in Russia for more discussions.

His next stop, Oman for talks on Iran. And the stock market in New York is opening in about 30 minutes from now. We can take a look at where the

futures are at pretty flat day, but all indices there in the green, and we are hearing for the first time from Chinese Premier Xi Jinping.

His message to Donald Trump, China is not afraid with neither side backing down, each day brings higher tariffs between the world's two largest

economies. President Trump has so far raised levies Chinese imports to 145 percent. Well in reaction, China has raised import taxes on U.S. goods to

125 percent.

And a short time ago, Trump's trade representative said the U.S. has not initiated trade talks with China yet. Well, the U.S. dollar hit its lowest

level against the euro in three years today, it was down nearly 2 percent a few hours ago, and here's now how it's looking now. We can see down by

almost 2 percent.

Well, the trade commissioner for the European Union will head to Washington on Sunday to try and sign deals with the United States. Is how markets

across Europe are reacting. A bit of a mixed picture, as you can see the FTSE up though, in the green. So, President Trump's erratic tariff moves

keeping financial markets and geo politics on the edge, to say the least.

And I want to unpack all of this with David Collins he is alongside me here. He is the Professor of International Economic Law at City St.

George's University of London. And CNN Global Economic Analyst Rana Foroohar has she's joining us from Chicago. Welcome to you both.

Rana, I just want to begin with you, because, as we know now, the U.S.- China trade war is growing bloodier by the day. It seems China, effectively, at this point, saying that they're just going to ignore U.S.

goods altogether. You know, this is not no longer going to be a tit for tat war with them, saying that there are other counter measures to come.

I mean, everyone's looking to where this is heading. But what other levers does China have to pull here, if, they're done, really, on the face of it,

in this tip-tap war over trade goods.

RANA FOROOHAR, CNN GLOBAL ECONOMIC ANALYST: Well, if you consider that there could be negotiation, we know that that hasn't really begun yet in

earnest. There are currency issues that could be brought in. You know, China did over the last few days, let the renminbi fall against the dollar.

I think that was a sign, in some ways, that, hey, you know, we have other cards to play here. This isn't just about goods. We can devalue our

currency. We can make Chinese goods even cheaper than they already are in global export markets, which would undercut Trump stated goal of trying to

bring back American manufacturing.

So that's one point. The other point is non-tariff barriers. That's trickier, because non-tariff barriers get into things like, you know, how

is an economy actually run? China is a state run economy. It subsidizes a lot of industries. Its ring fences a lot of industries. There are complex

mechanisms throughout the entire Chinese economy to support strategic goods and services.

And it's hard to imagine that changing fundamentally, because then you're talking about changing the entire Chinese political economy. Now that's

something that Americans would like to see. Trump would like to see it. Jamieson Greer the USTR would like to see it. The Biden Administration

would have like seen it.

Is that going to happen? I very much doubt it. I can also say that I don't think the Chinese are going to allow themselves to be backed into a corner

by Trump. I mean, they might be willing to come to the negotiating table, but they are not going to be perceived as being weak or subservient in some

way to America's erratic president.

MACFARLANE: And Xi already indicating that he is not, of course, going to be having any talks with Donald Trump anytime soon, certainly not turning

up for any chance in the Oval Office. David, when we consider where this is headed, and we look at something like the bond yields, which, you know, so

much focus on that in the last few days as a reason for this turnaround from Donald Trump, they are still going up.

[09:05:00]

China still holds a lot of U.S. bonds offshore. If this is a case of who can absorb more pain in this battle between the U.S. and China, who wins?

DAVID COLLINS, PROFESSOR OF INTERNATIONAL ECONOMIC LAW AT CITY ST. GEORGE'S UNIVERSITY OF LONDON: Well, that's very hard to predict. The obvious

reality is that because China exports so much more to the U.S. than vice versa, it would seem that they're in a much weaker position in that regard

facing high tariffs.

And as Rana, pointed out, China has many other strategies that it can pursue, such as potentially subsidization, devaluing their currency, and

also exporting to other markets, which could be a problem for the rest of the world. The fallout of the U.S.-China trade war could lead to dumping in

the EU and elsewhere.

But I should say, I'm pleased to hear it's maybe less noticed by the media that China has elected to pursue a complaint through the World Trade

Organization. So, they instigated a complaint a few days ago. And to me, that signals that China is at least willing to play by this the old rules

of the international trading order.

So, they brought a complaint under the GAT. Now I don't know where that's going to go, but it's important to realize that the WTO is still there as a

negotiating forum, and that might be a potential way that some kind of a solution could be achieved, ideally on an MFM basis.

MACFARLANE: But just to ask you about the WTO, I mean, people have been asking, where have they been in this entire process? What remit do they

have to push back on the, you know, global war that the U.S. have done unaccounted it seems?

COLLINS: Well, of course, the WTO doesn't really have its own mind. All it is composed of its members. So, it's there as a forum to facilitate

negotiations. The Director General of the WTO, a few days ago, issued a statement that she's concerned about the effect on the international

trading system.

And the fact that the U.S.-China trade war is likely to decrease global GDP by about 3 percent. But all the WTO can do is really offer the services for

negotiation, and I think that would be ideal, particularly if there's this sort of interpersonal tension between the U.S. and China.

Negotiating multilaterally in Geneva with multiple parties might be the best way to achieve de-escalation, and the WTO is always available to do

that. And of course, it has the dispute settlement system as well in which legal solutions can be arrived upon.

MACFARLANE: Rana, do you think the WTO could be an effective platform at this point? I mean, there's been a lot of calls for reform.

FOROOHAR: I'm going to have to be very negative and say, no, I don't think it can be. I'm actually pretty bearish on the ability of the WTO to effect

change at this point. In fact, the WTO is -- and frankly, it's in effectiveness over the last few years, is one of the reasons I think that

we are where we are.

A lot of people say, oh, well, you know, if everybody was just following the WTO rules and using the WTO properly, we'd be fine. But I would say two

things to that, the WTO and the gap before it was crafted fundamentally, and this gets to the core of why we're here. It was crafted by the U.S. and

Europe.

It was crafted by a bunch of liberal market economies. It was not crafted to account for state run capitalism for the kind of state autocracies that

we have in the system right now, and China being, you know, of course, the biggest one in the room, that's a big problem.

Now, some would say, well, you know, there are these negotiation mechanisms, countries can put tariffs on, and that's exactly what we're

seeing. Unfortunately, negotiations and resolutions in the WTO often take years, if not decades. I mean, there are some things that have been

resolved between the U.S. and Europe that were supposedly resolved in the late 90s and have yet to be implemented.

And so, what that does is it creates a sense that the WTO is just this sort of technocratic but really ineffectual body, and I think that breeds

cynicism, and I think that leads us to the place that we're in now.

MACFARLANE: And David, I mean, to Rana's this point, you know that perhaps were sort of genuine. There was genuine cause here to try and clamp down on

illegal trading practices by China, by other members trading blocs as well. But that's kind of being put to one side in the face of this global trade

war that the U.S. President has started.

Have we forgotten perhaps that there was genuine cause, perhaps to look at some of the illegal practices that were going on?

COLLINS: Yes. In fact, I completely agree with Rana's point, and I'm saddened to say and I think the WTO has so far been ineffectual. Now I'm

optimistic that maybe now is a good time for reform, but that's absolutely right. It was not designed to deal with non-market economies, especially

the agreement on subsidies and countervailing measures.

[09:10:00]

And there were numerous decisions by the WTO courts that really didn't interpret those provisions, I think, in a way that was recognizing the

power that China was using to influence the world, using its state support. So, I think this is exactly why bilateral agreements have been -- have

multiplied in recent years.

And I'm hopeful that something, for example, like the CPTPP or the RCEP and these other agreements could lead to prosperity, were the U.S. to get

involved in those? Unfortunately, President Trump withdrew from what was the CPTPP in the first week of his first term.

But I'm hopeful, for example, that the USMCA will be renegotiated that obviously doesn't include China, but it could address some of the problems

going on in North America. And it would be fantastic if von der Leyen could achieve something bilaterally with President Trump. And I suspect that

there will yet be dialog with President Xi, between the U.S. and China.

MACFARLANE: Well, it's interesting. You mentioned Ursula von der Leyen there, because we have just heard from her in the last hours, saying that

there should be an agreement between the U.S. and the EU. Well, no hang on. Should the agreement between the U.S. and the EU not formulate in the next

90 days, the EU could tax U.S. tech companies. Rana, what would that mean for the likes of Google and Meta?

FOROOHAR: It's very interesting. It would certainly hurt them, you know, it would hurt them financially. Although, frankly, these companies, even with

the market corrections that we've seen. They're so big, they're so powerful, they're so rich, it takes a heck of a lot of penalties, you know,

to make Big Tech feel anything.

It kind of reminds me, actually, in the post 2008 period, when big banks were being fined left and right for misdoing and it's just a rounding

error. What I think is more interesting here is the EU is finally standing up and between the lines, what I hear is we are going to have a

fundamentally different tech regulatory regime, and potentially de couple, in some ways, from U.S. tech.

That's not being said explicitly, but that's what I hear. And another thing that's very interesting, I know that there have been a lot of talks behind

the scenes between EU and U.S. officials about the role that these platforms have, frankly played in allowing misinformation and election

cycles, in allowing you know, the kind of politics that we have right now.

And I think that this may be a first beat in a larger effort to try and ban, you know, potentially and control that influence.

MACFARLANE: Fascinating to see how that could fundamentally change everything in the tech industry. David Collins, Rana Foroohar, I appreciate

you both being with us. Thank you.

COLLINS: Thank you.

MACFARLANE: CNN's Marc Stewart, joining us now from Beijing, where he's following Chinese reaction to the escalating trade war. A lot of reaction

coming from Beijing this morning, Marc, what has been said in this tit for tat battle?

MARC STEWART, CNN CORRESPONDENT: Hi, good to see you, Christina. Look really two big headlines. The first one, China is retaliating further, not

a big surprise, but it is now retaliating, raising its tariffs on American imports to 125 percent. Going so far as to say it's not going to raise

tariffs anymore, that's going to be the ceiling, but if it does need to retaliate, it will use other tools.

Here's where things get interesting. We heard from a spokesperson from China's commerce ministry who brought up the point that this tariff game,

essentially is nothing more than a numbers game. That's the wording from this Chinese official, a numbers game with no real economic significance.

Going on to say this whole tariff as a weapon is really turning the United States into a joke. So, Beijing being very firm on this. The other big

headline of the day is that we are now hearing from Xi Jinping, really, his first remarks since things escalated to such a high level, saying that

China is not afraid.

He made those remarks with the Spanish Prime Minister during a visit here to Beijing. He went on to say that there are no tariffs, there are no

winners in the tariff war, and that China will remain confident and stay focused, very much in line with the remarks that we have heard before.

As far as the timing, why is Xi Jinping speaking now? Well, one potential reason is the fact that he's about to go on a trip. He's going to go to

Cambodia. He's going to go to Vietnam and Malaysia. These are nations where China has really strengthened its economic relationship to make this point

that it doesn't need the United States to survive.

And finally, Christina, we have heard the U.S. President say that Xi Jinping to pick up the phone.

[09:15:00]

It's a message from the administration. I can tell you as someone who is here in China, here in Beijing, very unlikely. In fact, if you look at the

way the Chinese government operates, it prefers to have conversations with other diplomats, with people behind the scenes, before bringing it to a

level of a phone call between these two leaders of state.

So, the message being, Christina, is that China certainly is preparing and views this perhaps, as a fight for the long haul.

MACFARLANE: Yeah, it's doing things itself. Marc Stewart there with all the news out of Beijing, thank you. All right, still to come, a new memo

outlines the U.S. government's case for deporting a Palestinian activist and permanent U.S. resident. We break down what it says. Plus, President

Trump's Foreign Envoy Steve Witkoff, is in Russia this hour. We'll have a live update.

(COMMERCIAL BREAK)

MACFARLANE: The Trump Administration is attempting to justify its efforts to deport Palestinian activist Mahmoud Khalil, a newly released memo from

U.S. Secretary of State Marco Rubio claims Khalil, a permanent U.S. resident, is deportable because of quote, beliefs, statements or

associations that would compromise U.S. foreign policy interests.

In a separate case, meantime, the U.S. Supreme Court says the Trump Administration must facilitate the return of a Maryland man wrongly

deported to a notorious El Salvador prison. CNN's Chief Supreme Court Analyst Joan Biskupic, has been following the story for us. So, let's just

start, Joan, with that ruling, one of Khalil, one legal expert calling it, quote, maddeningly vague. Can you just break it down for us.

JOAN BISKUPIC, CNN CHIEF SUPREME COURT ANALYST: Sure. Good to see you. Christina. It was three paragraphs long, and as the Supreme Court itself

asked for clarity from a lower court judge, it certainly muddied the water. It's because it was very open ended. It did not it said that the U.S.

government had to facilitate this Maryland father's return, but it did not say it was required.

And it also gave no deadline. The order had a little something for each side. First of all, it agreed with lawyers for this man who had been

mistakenly sent to this brutal, notorious Salvadoran prison. It agreed that judges have a role to play here. Can actually stop or try to intervene when

an individual has been wrongly deported.

But it didn't get it sort of gave the administration enough leeway in terms of the practicalities of getting him back. The case immediately goes to a

lower court judge. Paul is in Maryland District Court for handling today. And last night, she seized upon the supreme court's order to amend her own

decision about requiring this man to come back.

[09:20:00]

And she gave the administration some rules that some dictates that should be enforced this morning, in fact, she said that the administration has to

give the current physical location and custodial status of Kilmar Abrego Garcia, what steps if any, the government is about to take to get him back

and when those will occur.

So, she's going to have a hearing later today that I'm sure she's going to try to get some answers from the administration, which, as you know,

Christina, has said, it cannot get this man back, even though it wrongly sent him to El Salvador. It says that he's now under the jurisdiction of

the Salvadoran government.

And I think she'll want more of an explanation in that regard. So, the bottom line, the reason there's been criticism from both sides, as well as

some satisfaction from both sides, is that there are many steps to play out exactly how will the Trump Administration try to get him back, if they

really will be trying to get him back?

I think that's a very open-ended question itself, how much effort they will be putting into it, because, as I said, the order says it has to

facilitate, but at the same time give, in the court's words, due regard for the deference owed to the administration, the executive branch, in matters

of foreign policy, Christina.

MACFARLANE: All right. Joan Biskupic, there with the latest appreciate it - - Joan has a lot to break down. OK, one of Donald Trump's top envoys, Steve Witkoff, is in Russia. Moscow is confirming his rival in St. Petersburg,

and says he will be meeting with Vladimir Putin on Ukraine later today.

Well Russian state media reports this also comes ahead of a possible Putin- Trump meeting in the near future. Saturday, Witkoff's biggest challenge to date, leading the U.S. delegation in talks with Iran's Foreign Minister in

Oman. Kylie Atwood is joining us. Kylie, talk to us about the stakes, which are pretty high for Witkoff engaging with Iran over their nuclear program.

That meeting scheduled for tomorrow.

KYLIE ATWOOD, CNN NATIONAL SECURITY CORRESPONDENT: Yeah, that's right, that meeting is scheduled to take place in Oman tomorrow. As we understand it,

the expectation from the U.S. side is that these are going to be direct talks with Iran, which is hugely critical over Iran's nuclear program.

And the reason that folks are watching this so closely is that the Trump Administration has already put a time frame on how quickly these talks

would need to actually develop in order to avoid any military action taken against Iran's nuclear program. We had Trump just this week saying that if

it requires the military, we're going to have to use the military.

Essentially saying that if these diplomatic talks don't actually produce an end where the United States feels that Iran is not developing a nuclear

weapons program, that they are going to go in an alternative direction that, of course, could be incredibly dangerous for the entire Middle East

region, saying that Israel would be involved in that.

And so, while we're watching these talks, we're also watching Witkoff right now in Russia. And of course, this is another crucial foreign policy aspect

of his portfolio that President Trump has given him. This is not the first time that he has traveled to Russia. He has already met personally with

President Putin.

He was able to secure the release of Mark Fogel, an American who was wrongfully detained in Russia earlier this year. We saw the release of

another American who was wrongfully detained in Russia just last night in a prisoner swap. So Witkoff does have a history of actually being able to

strike a deal with Russia to secure the release of these Americans.

The question becomes, can he actually turn that good will between the two countries into something that can actually push forward the foreign policy

objectives of the Trump Administration? That remains an open question, because there have been talks about ending the Ukraine war, but there

hasn't actually been substantial movement that has demonstrated that Russia is actively moving in that direction.

So, there is a lot under the Witkoff portfolio that we are watching, of course Iran, of course Russia, of course the Middle East, and so all of

that really escalating in the next 48 hours as these talks are taking place.

MACFARLANE: Yeah. Steve Witkoff's portfolio broadening by the day, it seems. Kylie Atwood, thank you. Well let's get you up to speed on some of

the stories that we're following on our radar right now. Radar should be -- we are following news of an investigation into a helicopter crash that

killed six people in the Hudson.

Investigators are working to determine how a sightseeing helicopter crashed just 16 minutes after takeoff, and six people, including a Siemens

executive based in Spain, along with his wife, three children and a pilot, were killed.

[09:25:00]

The Supreme Court ruled the Trump Administration must quote, facilitate return of Kilmar Abrego Garcia, the Maryland man wrongly deported to El

Salvador. But the court stopped short of giving a deadline. The case will now go back to a lower court to clarify details, hearing is set for this

afternoon.

And we are minutes now from the opening bell on Wall Street. How will investors cap off a busy and turbulent week. The global investment

strategist joins us to help break down what's happening with markets across the globe.

(COMMERCIAL BREAK)

MACFARLANE: Welcome back. I'm Christina Macfarlane in London, and you are watching "Connect the World". These are our headlines. Investors are

closing out an incredibly volatile week. Market indices are down across the European Union. The EU trade commissioner will head to Washington on Sunday

to try to hash out a trade deal with the United States.

If talks fail, the European Union warns it may tax U.S. tech companies. Well, the tit for tat trade war battle between China and the U.S. is

escalating as fueling fears of a global recession. China is the latest to make a move. It raised its retaliatory tariffs on U.S. imports from 84

percent to 125 percent earlier today.

Well, a newly released memo from U.S. Secretary of State Marco Rubio outlines the evidence to support the deportation order of a Palestinian

activist and legal permanent U.S. resident. It says Mahmoud Khalil is deportable because of quote, beliefs, statements or associations that would

compromise U.S. foreign policy interests.

The memo contains no allegations of criminal activity. The U.S. President Trump's Foreign Envoy Steve Witkoff has arrived in St. Petersburg, Russia,

as negotiations for a ceasefire with Ukraine appear to slow down. Witkoff will meet with Vladimir Putin in the coming hours.

And we are waiting here for the markets to open on Wall Street with futures, painting a rather flat picture ahead of opening today, as it is

with, to be honest, markets around the globe, as we continue to react to this uncertainty.

[09:30:00]

And there is the bell, the U.S. market is open, and we will wait to see how they look, following the announcement of 125 percent tariffs from China.

And there you have it. The DOW currently down by 2.5 percent, and that's as we wait for picture across the board, and there all three indices down in

the red.

The NASDAQ actually down by 4 percent as we digest the latest move from China, today. We are, of course, closely monitoring what's happening there,

and amid this growing few between the world's two largest economies. Chinese President Xi Jinping now speaking out for the first time on the

escalating trade war with the U.S., saying his country is not afraid and that quote, there are no winners.

But is there a way for investors to come out ahead with all of this uncertainty roiling both the U.S. and global markets. My next guest is

Chief Global Investment Strategist for Charles Schwab. His job is to analyze international markets and trends and help investors understand

their financial significance.

And Jeffrey Kleintop is joining me now. I wouldn't want to be in your shoes right now. Jeffrey, what two weeks we've had? So, with stocks struggle as

we look at the stock market, and there's something we do every day trying to glean what we should do in this moment?

Which stocks are you seeing that are struggling the most? And for those who invested in those business stocks, what should they be doing?

JEFFREY KLEINTOP, CHIEF GLOBAL INVESTMENT STRATEGIST FOR CHARLES SCHWAB: It's certainly the areas of the market that were the most optimistic. So.

if you look at the Mag 7 stock. So, seven AI related U.S. tech stocks that really dominated much of the last two years, have suffered the worst this

year. Their fortunes began to turn ahead of the tariffs, but certainly are worse and by the threats to international trade that are really those

companies are very exposed to, so they fared the worst.

Where we've seen companies fare a little bit better are those that are more domestically oriented. That's partly been true inside the U.S., but it's

been true around the world. The more domestically focused your sales are, the less you're affected by tariffs and non-tariff barriers.

And so, it's interesting. We've seen this certainly within Europe, more domestically focused companies are faring much better than those that have

a lot of international or U.S. sales, and partly the reason for that is Europe has started to put a lot more stimulus in place, defense spending,

infrastructure spending to support the domestic economy, maybe more than offsetting the 3 percent of European GDP tied to direct sales to the U.S.

MACFARLANE: So, when we consider what we should be doing, you wrote this, while there are no absolute winners in a trade war, there may be relative

winners in the global stock market for investors to consider. Given what you're saying there about domestic stocks. Where should investors be

looking to invest right now?

KLEINTOP: Well, those sectors that are more domestically oriented, utilities, communication services stocks, those tend to be more

domestically focused are also services focused. So, they don't have goods that are subject to tariffs. And those would be an area to focus on.

Also thinking about maybe other services industries like travel and leisure spending, inbound international travel to the U.S. is slumping. In fact,

Canada is the biggest source of international visitors to the U.S., and it already appears Canadians are really going elsewhere.

They may be traveling to Europe, France, Spain, Italy, or top of their list when you survey Canadians and see where they're going. And that may benefit

European economies overall, but specifically those companies in the hotels, restaurants and leisure industry within Europe.

MACFARLANE: OK, let's talk about savings, because you posted on social media this week. Elmo needs a hug today. Checked his 401(k). A lot of

people are looking at their 401(k)s and feeling a lot like Elmo. Now I think what advice do you have to them? And should we really be panicking at

this stage?

KLEINTOP: Panic is not an investment strategy. Hopefully investors have been saving and forming an investment strategy around volatility, and

volatility is here to stay. The market isn't going directly down, it's going to be going directly up, a lot of ups and downs each day.

And that means diversification in your portfolio is more important than ever. Considering bonds, considering stocks outside of the U.S. tech

sector, very important. We've seen European stocks outperform U.S. stocks this year by 17 percentage points. That can provide a nice buffer to a

portfolio that had been concentrated in just U.S. tech stocks, which have been the place to be for a decade or more.

[09:35:00]

So broader sector diversification, geographic diversification and into areas like bonds can really help offer a portfolio during these periods of

high volatility.

MACFARLANE: I have to ask, because we saw a strange flurry of activity just ahead of Donald Trump's announcement yesterday, leading to many people

making quite a bit of money. Actually, the largest one-day gain in history for Bloomberg Billionaires. What did you make of that moment, and whether

that's normal investor activity?

KLEINTOP: I don't know what to make it. I think there's a lot of speculation around what decision one person will make next. The huge move

in the bond market really did, I think, help prompt the president to make that shift into a 90-day delay. So, watching the pressure in the bond

market build, I think convince some investors that the Trump Administration was very likely either announced some negotiations taking place, or that

pause.

Same thing, if you think back to the Liz Truss Administration, how the bond market pushed the U.K. Prime Minister to relent on her budget. Same type of

thing in the U.S., the bond market is ultimately king, and I think that's what drove the president's decision making. Some looking at the bond market

came to that conclusion before it was public news. But that's just part of the markets.

MACFARLANE: Yeah, we're still watching the bond market, aren't we, to see what's happening, bond yields apparently still going up. Jeffrey Kleintop,

though we appreciate your advice. Thank you.

KLEINTOP: My --

MACFARLANE: Now they're sitting at the top of the Premier League, and now another win for Liverpool, a hugely popular player signing on for another

two years. Details straight ahead on "World Sport".

(COMMERCIAL BREAK)

MACFARLANE: Now this week, we've been spotlighting pioneers the world of business, sport and tech, and as part of our CNN series, "Visionaries".

CNN's Amanda Davies sat down with U.S. Women's National Football Team coach Emma Hayes for a look at the way Emma's father influenced the biggest

choice of her career.

(BEGIN VIDEOTAPE)

AMANDA DAVIES, CNN WORLD SPORT (voice-over): Emma Hayes had an American dream of her own. Inspired by her father, she wanted the top job at a

program synonymous with worldwide football success, the U.S. women's national team, but first she needed to make a name for herself.

DAVIES: You are somebody who is very openly emotional. You talk about your loyalty very openly.

EMMA HAYES, MANGER OF U.S. WOMEN'S NATIONAL TEAM: Yeah.

DAVIES: But they are two things that aren't necessarily married to sport. They can be counterproductive. How have you balanced those emotions and

being as successful as you have?

HAYES: Well, I think first of all, work every day like you're going to get fired. And that sounds mental, doesn't it like having been fired? What you

learn is you have to stay so present in everything you're doing to make sure you do it at the best possible level.

[09:40:00]

DAVIES: But that's not a fear?

HAYES: No, it's not a fear. It's acceptance that the -- of the reality of the profession, and I accept all of those things. But I also think without

being fired, I don't think I'd be the coach that I am. I think that shapes you, and I think you should be fired. I think it's good for the soul,

because it develops that little bit of resilience that's required. And it's a job, but I love it, it's a job, and most important thing is my health and

family.

DAVIES (voice-over): Emma spent time coaching in America before returning to England and becoming the manager of Chelsea's women's team in 2012. She

won an unprecedented 15 trophies in 12 years with the club, including 5 straight lead titles. Amidst all of that, she gave birth to her son, Harry,

but at the height of her professional career, when her dream job came calling, the man who had meant everything to her, her father died of lung

cancer.

DAVIES: It was just after your dad passed away that you got the U.S. women's job.

HAYES: Yeah.

DAVIES: How much did you think about him in the decision-making process?

HAYES: I think the hardest thing was family were grieving, so the last thing I wanted to do was abandon anyone. I didn't want to abandon mum. My

sisters needed me. We all needed each other, and all I kept thinking was, I can't do this. This is selfish. And then I kept hearing my dad in the

background going this is what you work your whole life for.

This is the one you want. And I could feel the whole time. And I remember driving to Chelsea one day on the M25 and I just had a moment, he just came

into my head and he said, you got to go with that interview. You got to get that job. And I remember reading my agent and saying, I've got to go the

dad wants me to do it.

(END VIDEOTAPE)

MACFARLANE: That's great interview. Catch it this weekend, along with my interview with Ilona Maher. Now, supporters weren't sure it was going to

happen, but Liverpool is keeping one of their tops all time goals for us on the pitch, Amanda, a big contract sign for Mo Salah.

DAVIES: Yes.

MACFARLANE: Beyond the season.

DAVIES: I think as far as Liverpool fans are concerned, it's one down, one to go. It's so much speculation. Was Mo Salah going to stay? Is he going to

go? He's been there, of course, since 2017 since that move to Roma has helped them to all that success, to Champions League, the Premier League,

to the FA Cup, but they've been talking potentially a move away to Barcelona or to Saudi Arabia, but no, he has agreed for the next two years.

So, a massive feather in the cap of Arne Slot. And Mo Salah says, I've signed the deal. Now, we've got to win some more trophies. And as far as

he's concerned, that's the priority speculation that Virgil van Dijk is very quickly going to follow suit. So, a really good day for Liverpool as

they close in on that Premier League title.

MACFARLANE: Look forward to -- more about it after the break. Stay with us. Amanda is up with "World Sport".

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[09:45:00]

(WORLD SPORT)

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