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close video There’s ‘no reason to think’ US is on ‘brink’ of war with China: Zack Cooper

American Enterprise Institute senior fellow Zack Cooper argues billionaire investor Ray Dalio is worried about potential restrictions on U.S. companies putting money into China.

After American billionaire Ray Dalio returned from his China trip with grim warnings, policy experts are chiming in on "the scale of the threat" the Communist Chinese Party poses to national security.

Through his LinkedIn profile, Dalio published an article focusing on the "great power conflict" and what’s going on with China. He claimed the piece is informed by two recent visits to Beijing where he spent a total of 13 days.

"The United States and China are on the brink of war and are beyond the ability to talk," Dalio wrote. "I want to emphasize that by saying that they are on the brink, I don’t mean to say that they will necessarily go over the brink. I mean to say that they are very close to crossing red lines that, if crossed, will irrevocably push them over the brink into some type of war that damages these two countries and causes damage to the world order in severe and irrevocable ways—like Russia’s invasion of Ukraine did for Russia and the world, just much bigger."

Dalio founded the world’s largest hedge fund firm which manages $124 billion, according to Forbes. The billionaire has been criticized for his financial exposure to the Chinese government. In 2021, Dalio equated human rights abuses in China to racism in America, and rhetorically asked whether or not he should still be investing in the United States.

BIDEN'S ENERGY SECRETARY MAKES ‘IMPORTANT ADMISSION’ OVER U.S. MONEY FLOW TO CHINA AFTER PRESSED BY G.O.P. SENATOR

American Enterprise Institute senior fellow Zack Cooper disagreed with Dalio’s assessment on "Mornings with Maria" Friday, claiming the billionaire’s comments don’t line up with information from U.S. officials.

Ray Dalio, founder of Bridgewater Associates LP, issued a grim warning over US-China relations through an article posted on his LinkedIn page. (Getty Images)

"I just don't think he's right. I actually think that what we've seen, as U.S. officials say recently, including the head of the Indo-Pacific command, that, yes, we have to be worried about a conflict, but that they don't see what's happening in the near term," Cooper said. "There's no reason to think we're on the brink of war right now."

However, other expert analysis has corroborated Dalio’s warning of looming conflict, including Atlas Organization founder Gordon Chang who argued war could "very well" break out before 2025.

"When you have China engaging in dangerous intercepts of the U.S. and other militaries in the region, anything can happen. And we have a military that is not prepared to deal with the probable scenarios," Chang previously told host Maria Bartiromo. "General Mike Minahan on that January 27th leaked memo talked about war with China in 2025… Well, it could very well be before that."

Though Cooper further expressed doubt that there’s a firm timeline for any U.S.-China conflict, he said Dalio’s concerns are likely not about American defenses.

GET FOX BUSINESS ON THE GO BY CLICKING HERE close video Gordon Chang: China is making fast preparations for war and the Pentagon has decided not to notice

Gatestone Institute senior fellow Gordon Chang unpacks various actions from the Chinese which threaten U.S. national security on Mornings with Maria.

"I think what Dalio's probably worried about is that there are going to be restrictions on U.S. investors that are putting money into China, especially into areas that have dual-use implications that could go into high-end computing, that could eventually help the Chinese military," Cooper said.

"And I think there is going to be real restrictions coming out of both the White House and Congress that will affect investors like Dalio."

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Fox News’ Joe Silverstein contributed to this report.

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Sovereignty rallies to win Jim Dandy at Saratoga

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Sovereignty rallies to win Jim Dandy at Saratoga

SARATOGA SPRINGS, N.Y. — Kentucky Derby and Belmont Stakes champion Sovereignty rallied after losing position heading into the final turn to win the $500,000 Jim Dandy by a length at Saratoga on Saturday.

Ridden by Junior Alvarado, Sovereignty ran nine furlongs in 1:49.52 and paid $3 to win as the 1-2 favorite against four rivals, the smallest field of his career.

Hall of Fame trainer Bill Mott said Sovereignty would be pointed toward the $1.25 million Travers on Aug. 23 at the upstate New York track.

Approaching the turn, there were a few tense moments as it appeared Sovereignty was retreating when losing position to the advancing Baeza and deep closers Sandman and Hill Road, leaving Sovereignty in last for a few strides.

Alvarado said he never had a doubt that Sovereignty would come up with his expected run.

“It was everybody else moving and at that time I was just like, ‘Alright let me now kind of start picking it up,'” Alvarado said. “I had 100% confidence. I knew what I had underneath me.”

Baeza, third to Sovereignty in both the Derby and Belmont, finished second. Hill Road was another 9¼ lengths back in third. Mo Plex was fourth and Sandman fifth.

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UK

Man suffers cardiac arrest onboard boat trying to reach UK

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Man suffers cardiac arrest onboard boat trying to reach UK

A man has died after suffering cardiac arrest onboard a boat attempting to reach the UK.

The vessel turned back towards Equihen beach on the French coast yesterday morning.

A nurse tried to resuscitate the man but was unsuccessful.

Pic: PA
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Pic: PA

French authorities have now launched an investigation into the circumstances.

A spokesperson for Doctors Without Borders, also known as MSF, has criticised authorities on both sides of the Channel.

Jacob Burns said: “Yet again we have a tragedy in the Channel, that is the consequence of the deadly, costly and ineffective security policies implemented by the UK and France.”

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Pic: PA

Later on Saturday, a lifeboat carried migrants who have made the voyage into the Port of Dover.

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Photographs showed them huddled under blankets and orange life jackets on board.

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Protesters clash over asylum hotels

Provisional statistics from the Home Office suggest almost 24,000 people have arrived on small boats in the UK so far this year.

Towns and cities across the UK have seen protests in recent days, primarily outside hotels believed to be housing asylum seekers.

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US

Michigan: 11 people stabbed in US supermarket – with six in critical condition

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Michigan: 11 people stabbed in US supermarket - with six in critical condition

At least 11 people have been stabbed at a Walmart supermarket in Michigan, with six in a critical condition.

Officials say a suspect is in custody – and at this stage, it is believed the attack was a “random act” that involved a folding-style knife near the checkout area.

Sheriff Michael Shea told reporters: “Eleven is 11 too many, but thank God it wasn’t more.”

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Pic: AP

The suspect, who is from Michigan, is not known to police – and was captured within three minutes thanks to “citizen involvement”.

The attack unfolded in Traverse City – and Tiffany DeFell, who was in the car park at the time, described scenes of chaos.

“It was really scary. Me and my sister were just freaking out,” she said. “This is something you see out of the movies.”

Beyond the six people in a critical condition, it is believed the remaining five were seriously hurt. All 11 are still being treated in hospital.

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Pic: AP

Michigan Governor Gretchen Whitmer said: “Our thoughts are with the victims and the community reeling from this brutal act of violence.”

A Walmart spokesperson added that the retailer is working closely with law enforcement.

“Violence like this is unacceptable. Our thoughts are with those who were injured and we’re thankful for the swift action of first responders,” a statement said.

Pic: AP
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Pic: AP

At this stage, the ages of the victims is unclear – but it is not thought any of the victims were Walmart employees.

Traverse City is about 255 miles northwest of Detroit.

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