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tv   Early Start with Christine Romans and Dave Briggs  CNN  July 5, 2017 2:00am-2:58am PDT

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that is loaded with consequence. after a stop in poland the president travels on to the g-20 summit in germany and he'll sit down with vladimir putin for an official bilateral meeting as we've now learned. it will not be an informal meeting, the kind that would signal russia has a ways to go before the u.s. would reward it with a formal sitdown. >> this would be the first official bilateral meeting between a u.s. and russian president in nearly two years. presidents trump and putin also likely to discuss north korea's test of a possible icbm. a launch that has the u.s. and south korea flexing their military moment. more on that in a moment but our coverage begins with ryan nobles at the white house. >> reporter: good morning. president trump expected to leave here from washington today for his second foreign trip and this is a crucial one. he'll first head to poland before heading to germany for the g-20 summit and there will be a number of big issues on the
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table. north korea of course a big one after the country firing another test missile this week, but also the meeting with vladimir putin and this meeting taking on a much greater focus because both sides have announced that this will be a formal bilateral meeting. that will provide much more public focus to this meeting and it also could be an indication that both sides are open to better diplomatic ties. there will be a number of topics on the table even though the agenda hasn't officially been set. u.s. officials are expected to bring up the conflicts in syria and ukraine, but the president is not expected to talk to putin about russia's alleged attempt to meddle in the u.s. election. one thing that both leaders will likely talk about though is north korea and president putin at a press con for instance with president xi of china where they talked about settling the korean situation and putin specifically talked about his concern about the deployment of more u.s. weapons in south korea.
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thank you. the u.n. security council set to meet in emergency session today at the request of the united states. the meeting in response to north korea's launch of what military analysts now think was a two-stage intercontinental ballistic missile. they claim to have developed a nuclear capable icbm and tested it as an independence day gift to the u.s. >> kim jong-un says he won't negotiate over his missile programs until the u.s. ends what he calls its hostile policy and nuclear threat against the north. in response to the test the u.s. and south korea say they conducted a joint ballistic missile drill. and secretary of state rex tillerson has released a statement calling it a new escalation of the threat to the u.s. and the world. let's turn to andrew stevens monitoring the situation from hong kong. good morning to you. where is the story headed from here? >> reporter: good morning, dave. well, certainly the story is
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heading into what do we do now? how do we contain the threat from north korea which has as the u.s. says is an icbm missile. what we don't know yet and what hasn't been shown is when or how the north koreans can put a nuclear payload on an intercontinental missile. capable of reaching alaska but it has escalated enormously the stakes in the north korean nuclear program. what we saw today was the south koreans and the u.s. responding. a very blunt message from south korea which basically said we have the precision military hardware to target the enemy leadership. they are the words being used by the south koreans. target the enemy leadership. there doesn't seem to be a
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deadlock there. donald trump has been hinting and the administration has been hinting that china need to do more. china at this stage is showing no willingness to do that. it can. it does have economic leverage, a lot of economic leverage. we know that something like 90% of north korea's international trade is done with china. china at the moment is saying we abide by all the u.n. resolutions about sanctions towards north korea and that's where we are at the moment. we believe in dialog, both putin and president xi saying that dialog was the next step forward. for that to happen it says that the u.s. has to stop these military drills with south korea and that north korea has to freeze its nuclear programs. neither of those two things look likely happening certainly at this stage. >> that's right. as per china's willingness, trade up 37% between north korea and china in the first quarter. thank you.
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all right. cnn's chief international correspondent, lovely to have you live from london. a very big week ahead for us. let's talk more about this north korea crisis here. clearly this will be top of mind for these leaders who are assembling for the g-20 this week. what are the options for the u.s.? north korea wants to be accepted as a nuclear power, the united states and the rest of the world don't want to do that. so where do we go from here? >> well, honestly, christine, that is the huge question, because right now it does not look like they have the leverage to prevent what north korea wants because as you have seen and as we've seen over the last several years north korea has simply been galloping ahead with its tests, with its missile technology and with its nuclear war head technology. as andrew said, they still haven't yet shown that they can put a war head on an intercontinental ballistic missile but now all sides seem to agree that this last test
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over the last 24 hours is a threat, because it can reach alaska and it was deliberately sent up in a vertical pattern so that it didn't go over japan, but had it gone as it's meant to go it would have gone more than the -- the length required for an intercontinental ballistic missile. it would have made that. so we are in a very, very difficult, difficult stage. and as you've seen, president trump has been counting on president xi of china. that seems to have come to a screeching halt. president trump tweeting not so long ago that they tried but it wasn't working with china and now he's put some sanctions on china. china is responding in a more aggressive way to the united states verbally anyway. the relationship doesn't look great at the moment, and the talk between vladimir putin and president xi yesterday basically took the north korean position that if the united states and the west wants to see a halt in
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north korea's nuclear program it would have to stop the joint military exercises and also stop the deployment of the anti missile defense shield. that is an untenable position so far for the united states and others. so perhaps some more sanctions. perhaps some more deployment of american military power to the region and most certainly people are saying increase the sanctions and the pressure on chinese companies that do business with north korea. >> so that meeting between putin and president xi ahead of this meeting, this formal sitdown between president trump and vladimir putin and we're told that mcmasters says there's no specific agenda from president trump. it's whatever the president wants to talk about. what's the danger in no specific agenda and what's the likelihood of putin not having an agenda ahead of this meeting? >> absolutely no likelihood
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whatsoever. putin has his agenda. he's had his agenda all along. most analysts believe that president putin is very smart tactically. not as successful strategically and therefore, you know, mistakes have been made. most particularly this interference in the united states election that has backfired against moscow. however, it is still a major big deal because it's still a huge political story inside the united states and here i am sitting in europe and this g-20 summit is happening in europe, in germany over the next couple of days and the threat of russia and its expansionist policies is going to be one of the big, big talking points. so the question is for the people at the g-20 summit, the alli allies, what will president trump say to them, you know, and say to president putin that makes clear where the united states is the main leader of nato stands when it comes to the threats from -- from russia. and you know, he's coming to poland. he's leaving the united states as you said today.
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poland is the first stop and he's expected -- well, people are thinking that perhaps he might use a speech there to reaffirm in a very strong way what he didn't do at the g-7 summit and that is the article 5 of the nato declaration and the fact that, you know, all the nato countries stick together. but again, north korea will be a big part of all of this, because everybody's implicated now. i mean, it's something that the whole of the g-20 will need to deal with not just countries in asia. not just the united states and i just spoke yesterday on my program to a former dia analyst. he's currently at the heritage foundation but notably he and a very few other group of americans have met. the only people to have met with north korean diplomats and i asked him, does he think north korea is open to negotiations about their nuclear program? the answer is sobering. take a listen.
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>> they made very clear, very emphatically clear that denuclearization is totally off the table. there's nothing that the u.s. could offer to induce them to abandon their nuclear arsenal. they became irritated when we tried various options of things that would get them back to the negotiating table. they said quite simply, accept us as a nuclear state and then we're willing to talk about a peace treaty or fight. >> i mean, that is stark, dave and christine. accept us or we're going to fight. i mean, this is a very, very dangerous escalation. people have complained or sort of wondered whether north korea's been bluffing and what his true intentions are and what his capability is but it is showing in black and white and technicolor what its increasing capabilities are, so this is very, very troubling. >> it's a direct challenge to the united states and the trump administration, no question, because the president said very
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clearly it's not going to happen. that they will not test an icbm. it's not going to happen. and it has now happened, and the policy response is what confuses me a little bit, because i don't know how many new options there really are in dealing with north korea. >> the regime change? >> you know, it is incredibly -- don't even say regime change because that involves a whole other set of huge endeavor. most people believe that a pre-emptive strike which some have bantied about is a recipe for disaster because north korea could respond in a nonnuclear way very, very heavily to south korea, to japan where there are allies and u.s. troops and it's a very, very dangerous situation that nobody wants to see. and right now, the policy options that are being talked about publicly anyway are an increase in sanctions and an increase in the pressure of deployment and potentially a stepped up level of u.s. and
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other sanctions against chinese companies that do business with north korea. but it's very worrying because unlike in iran, north korea has thrown out the iaea inspectors. north korea has withdrawn and this was under the bush administration when it tried to act heavy with north korea. it with drew from the nuclear nonproliferation treaty, it threw out the inspectors and it has been galloping ahead with its nuclear and ballistic missile program. >> i want to ask you, ahead of this g-20, you give us this global perspective that we don't often get. the notion and the practice of american leadership, where is it ahead of the g-20 and where do you expect it to be coming out? >> well, again, this is a very interesting question. we'll see what speeches, what kind of body language and actual verbal language president trump takes to the summit. they were very disappointed last mopts in italy because of
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pulling out of the international climate accord for instance. the paris accords of not, when he could, actually say that article 5 meant everyone sticks together, an attack on one is an attack on all and that the u.s. was committed to article 5. that line, we understood liter was tak -- later was taken out of the speech. after that chancellor merkel and the canadians have said we are going to have to potentially go it alone. so people are concerned about u.s. leadership. our allies are concerned about whether the united states still wants to lead the post world war ii era that the u.s. has for the last years and whether the united states is interested in doing that or not. and if not, how they have to, you know, fill in the gaps. >> the foreign minister of canada giving a rousing speech about how the united states doesn't seem to want to wear the
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mantle anymore of leadership around the world and that other countries will have to figure out how to do that in itsst ste. thank you. the trump administration getting tough on america's top trading partners. those countries are working out trade deals without the u.s. japan and the eu plan to announce a trade deal tomorrow. that agreement is a clear reaction to the white house's protectionist attitude. in fact, japanese prime minister says it's important to wave the flag of free trade in response to global moves toward protectionism. this deal could be bad news for some u.s. industries like automobiles. that's because it discards high tariffs on japanese cars and removes on to. >> caller: -- obstacles. it would create a free trade block to nafta. the president often threatens to withdraw if from that agreement
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so mexico is looking for new economic alliances, enter china. it's ready to talk about a free trade agreement. president trump has targeted both china and mexico saying he will put steep tariffs on companies and industries in those countries. he'll meet with the leaders of both those countries on friday. >> and as you say that, a very interesting editorial in the washington post about just that notion and they say when it comes to trade policies, easy to shout america first. but it's harder to define exactly what you mean by america. talking about the implications of the trade deals the president would like to make. qatar has now responded to a list of demands from gulf nations which have broken off ties over a number of concerns. we're live in qatar. ♪
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a deadline to respond has already been extended. we're life this morning where we just looked it up. it's like 115 degrees where you are in qatar. grace under fire. bring us up to speed. >> reporter: well, basically, christine, we do know from the qatar that on monday they did hand over that letter with their response to that list of demands that was presented by the saudi led coalition. now, what exactly is in that letter we do not know. the foreign minister here would not go into the details, but giving us hints saying that their response was within the context of preserving qatar's sovereignty and along the lines of international laws. so really a hint that they will not be agreeing to that list of demands. something that they have hinted out for quite some time. right now saying that that list of demands was unrealistic and
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that it is not really about combatting terrorism, saying that it was targeting qatar's foreign policy and trying to strip this country of its sovereignty. now, the list of demands has been received by the saudi led alliance. they've confirmed receiving it saying they're reviewing it and they will respond in a timely manner. all eyes right now are on cairo. that is where the foreign ministers of that quartet are meeting today and we'll have to see what comes out of that meeting and what the next steps are. qatar reiterating they're open for dialog and negotiations they say is the only way out of this crisis. >> all right. thank you so much for that. it's just a little bit after noon there and 100 degrees. >> 111 degrees so not just speaking eloquently but about complex issues where it is burning. >> thank you. the legend grows. joey chestnut. >> can't even watch. it's so gross.
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up billboards begging hayward to stay. the miami heat flew huge banners but this was the toughest decision of his life and he chose the celtics. four-year deal with the reported $128 million. hayward reuniting with his old coach from butler, he'll also join fellow all star isaiah thomas and he was so happy he was in his kitchen, shirt off, dancing. he was in quite a happy mood and as happy as thomas and celtics fans were, jazz fans did not take hayward's decision very well. instead of firing up the grill on fourth of july, they were firing up hayward's utah jazz jersey. my goodness. judge is breaking records and this is the 28th leading home
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run, hit so hard it went 456 feet in about four seconds and put a dent in the metal plate behind center field. he needs one more dinger to tie de-maggio's record in a season. we're not even at the all star break. that was set back in 1936. a controversial crash at the tour de france sends one of the favorites to the hospital and another rider home. look closely. current world champ appears to shove him into the barrier near the end of yesterday's stage. crashing to the ground, gets run over by another cyclist. organizers later disqualified sagan from the rest of the race. >> and do not invite joey chestnut to your next bbq. he won the mustard belt at nathan's famous hot dog eating contest. he gobbled down 72 hot dogs and
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buns beating his own record by two. that's about 15 pounds worth of hol hot dogs so imagine shoving a thanksgiving turkey down in your gut. you stack it end on end it would be as tall as a three story building but this raised an important question. one for you, hot dog eating, is it a sport? >> it's gross. >> it is gross. >> is it a sport? >> absolutely. >> dave say as hot dog sandwich. >> absolutely. >> i have never pondered these questions. this is just too deep. >> is joey chestnut the fill in the blank of our generation? serena williams, michael jordan? >> he's the lebron james, he's all of them rolled up into one bun. >> well done, my friend. >> ten titles lebron does not have. joey rules. thank you. the president's overseas trip begins in less than three hours and the north korean
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missile launch has global powers at odds. what will happen when they all converge at the g-20? ) honey? can we do this tomorrow? (grunts of effort) can we do this tomorrow? if you have heart failure symptoms, your risk of hospitalization could increase, making tomorrow uncertain. but entresto is a medicine that was proven, in the largest heart failure study ever, to help more people stay alive and out of the hospital than a leading heart failure medicine. women who are pregnant must not take entresto. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you've had angioedema while taking an ace or arb medicine, don't take entresto. the most serious side effects are angioedema, low blood pressure, kidney problems, or high potassium in your blood. ♪ tomorrow, tomorrow... ♪ when can we do this again, grandpa? well, how about tomorrow? ask your doctor about entresto
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president trump getting ready to head to europe for his first g-20. he and vladimir putin already have plenty to discuss. now their different takes on north korea's missile launch will add to a very complicated mix. welcome back to "early start" i'm dave briggs. >> nice to see you all this morning. bright and early. 5:31 in the east. just a few hours from now president trump departs on his second international trip, one that is loaded with consequence. after a stop in poland the president travels on to the g-20 summit in germany. there he will sit down with vladimir putin. this is not an informal meeting, the kind that would signal russia has a bit to go before the u.s. would reward it with a formal sitdown.
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>> this is thought to be the first in-person meeting between the two leaders and the first official bilateral meeting between a u.s. and russian president in nearly two years. presidents trump and putin likely to discuss north korea's test of a probable icbm. a launch that now has the u.s. and south korea flexing their military muscle. more on that in just a moment. first our coverage begins with ryan nobles at the white house. >> reporter: good morning. president trump expected to leave here from washington today for his second foreign trip and this is a crucial one. he'll first head to poland before heading to germany for the g-20 summit and there will be a number of big issues on the table. north korea of course a big one after the country firing another test missile this week, but also the meeting with vladimir putin and this meeting taking on a much greater focus because both sides have announced that this will be a formal bilateral meeting. that will provide much more public focus to this meeting and it also could be an indication
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that both sides are open to better diplomatic ties. there will be a number of topics on the table even though the agenda hasn't officially been set. u.s. officials are expected to bring up the conflicts in syria and ukraine but the president is not expected to talk to putin about russia's alleged attempt to meddle in the u.s. election. one thing that both leaders will likely talk about though is north korea and president putin at a press conference with president xi of china on tuesday where they talked about settling the korean situation and putin specifically talked about his concern about the deployment of more u.s. weapons in south korea. >> all right. thanks, ryan. the u.n. security council set to meet in emergency session today at the request of the united states. the meeting response to north korea's launch of what military analysts think was a two-stage intercontinental ballistic
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missile. they tested it as an independence day gift to the united states. >> kim jong u-un says he won't negotiate until the u.s. ends what he calls its hostile policy and nuclear threat against the north. in response to the test the u.s. and south korea say they conducted a joint ballistic missile drill. and rex tillerson has called the test a new escalation of the threat to the u.s. and the world. we'll turn to an drou stevens monitoring the situation. you know, a suite of options, i guess, to deal with this -- with this threat, but the same set of options we've always had essentially. >> reporter: yeah, pretty much so. and interestingly, kim jong-un, the north korean leader is showing every sign of repeating more tests both missile and nuclear. you said there that he called that missile test a gift package to america. well, he went on to say that he
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wants his scientists to send many more gift packages to the yankees as he described them, both large and small, so certainly the program of perfecting an icbm and perfecting a nuclear war head that fits on to that is continuing in north korea. and the options as you point out, they have been around for a while. they are limited. they could do more sanctions, they could bring more economic pressure to bear, particularly china could. sanctions have had a limited effect so far and they have to be careful with sanctions because they've got to be targeted at the right people. north korea is 25 million, most of them are dirt poor so you have to be very careful those people don't get caught up in all this. china has economic leverage and 90% of its international trade is done with china. and the chinese have said that at this stage they're not -- they're doing everything they should be doing and can do. they're complying with all the u.n. security resolutions
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against north korea. they've banned coal imports from north korea and those coal imports were actually north korea's earn of foreign currency so china says it's doing what it can. the other option is negotiation. we heard the french -- excuse me, we heard the russian and the chinese leaders both calling for talks that would be pre-empted by the americans and the south koreaians stopping their joint drills which we've just seen a couple of hours ago and the north koreans stopping their -- their system plans. so their development of their missiles, neither of which has happened and neither of which looks like it's happening. so christine, we're caught in this situation where there's nothing new on the table at the moment, and the old options really many of them don't seem to be feasible at this stage. and the other one of course is a military response which seems to have been ruled out by just about everyone. >> well, we'll see if there can be some sort of agreement g-20
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later this week always of those world leaders try to decide what to do about this issue. thanks so much. >> and on that earlier this hour we spoke with our chief international correspondent and we asked her how this north korea issue will play at the g-20 this week. north korea wants its nuclear program to be accepted. the u.s. and most of the world disagree. listen. >> well, honestly, christine, that is the huge question, because right now it does not look like they have the leverage to prevent what north korea wants because as you have seen and as we've seen over the last several years, north korea has simply been galloping ahead with its tests, with its missile technology and with its nuclear war head technology. as andrew said, they still haven't yet shown that they can put a war head on an intercontinental ballistic missile but now all sides seem to agree that this last test over the last 24 hours is a threat, because it can reach
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alaska and it was deliberately sent up in a vertical pattern so that it didn't overfly japan, but had it overflown japan and gone as it's meant to go, it would have gone more than the length required for an intercontinental ballistic missile. it would have made that. so we are in a very, very difficult, difficult stage. and as you've seen, president trump has been counting on president trump xi of china. that seems to be coming to a screeching halt. president trump tweeting not so long ago that they tried but it wasn't working with china and now he's put some sanctions on china. china is responding in a more aggressive way to the united states verbally anyway. the relationship doesn't look great at the moment and the talk between vladimir putin and president xi yesterday basically took the north korean position that if the united states and the west wants to see a halt in north korea's nuclear program then it would have to stop those
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joint military exercises and also stop the deployment of the anti missile defense shield. that is an untenable position for the united states and others. perhaps some more sanctions, perhaps some more deployment of american military power to the region and most certainly people are saying increase the sanctions and the pressure on chinese companies that do business with north korea. >> well, will any of this be effective? she also spoke with a former cia now with the heritage foundation who actually sat down with diplomats and he said a denuclearized is totally off the table and they would either step down or fight. really what are the options? >> all right. white house officials have reason to hope president trump's second european trip will be
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smoother than his rocky european debut in may. that visit marked by this awkward body language and the president scolding world leaders for not meeting their nato obligations. >> this time the president starts his trip in poland where the populist government there is expected to roll out the red carpet. we're joined from warsaw where president trump lands later today. he's wheels up in less than two hours. the president faces at least in this first -- this first stop on his trip he has a welcome audience. >> and a friendly government. looking forward to welcoming him. already the leader of the party that's in power has described this as a great success, the fact that donald trump should be visiting warsaw before london or paris or berlin is seen something as a coup. it is a populist government that is in power here. a populist government whose policies with regard to the free
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press have been worrying brussels a great deal. but there are many things in common between the american administration and the government here in poland, concern about immigration, for instance, and concerns about supernational organizations like the european union. so donald trump has chosen this country. he will get a warmer reception than he's likely to receive in warsaw and yet his words, those words he will deliver here tomorrow will be extremely closely watched by his hosts who want to hear from him, a clear commitment to the article within the nato treaty that promises neutral protection in case of foreign aggression. something that you mentioned a moment ago that donald trump had failed to do and those very words will also be watched closely by russians. we know donald trump will be meeting his russian counterpart just after wards. so his words will be carefully
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chosen and the world will be watching to hear precisely what role the united states wants to play on the international stage. it is one of the big questions and in many respects one that donald trump is going to have to answer here tomorrow in the very choice of his words. those words that will be delivered here. >> what is the america first doctrine. what does it exactly look like on the world stage. all right. nice to see you this morning. that will be interesting. what does american leadership there at the g-20. qatar has now responded to a list of demands from gulf nations which have broken off ties over a number of concerns. we're live. work up a sweat during the day. not at night. only tempur-breeze® mattresses use an integrated system of technologies to keep you cool while you sleep. ultra-breathable support layers channel heat away from your body. purecool technology delivers cooling comfort you can feel. and the performance cover is cool to the touch. so you sleep cool and wake up feeling powerful. right now, save up to $500 on select
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some breaking news this morning. a 12-year veteran of the new york city police department has died after being shot in the bronx overnight. she died a few hours after the shooting. police are calling it an unprovoked attack. the officer was shot while sitting in her car. the gunman was killed by responding officers. 46 minutes past the hour this morning. the federal reserve releases the minutes of its june meeting today and it may signal it will start shedding that $4 trillion balance sheet early. why early? the uncertain now chur of the fed sheet. they intend to sell off billions of dollars it bought up during the recession to prop up the
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economy and plan to begin at the end of the year, but her term is up in february and president trump has not said whether he would no, ma'am fate hminate he term. the minutes may also show if the fed will hike rates again this year. so far they've raised rates twice in 2017. raising rates on things like credit cards, auto loans, mortgages and savings accounts. a sneak peek of that later today. chris cuomo joining us this morning. good morning to you. >> any good traditions in your homes for the fourth? >> go to sleep. it's a new tradition. i just started it the past few months. it's a real hoot. i really light up the fireworks going to sleep at 8:00. how about you? >> we do a little bit of fireworks. we always like to do that. >> what is your favorite pyro
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technic? >> i like the bottle rocket. >> do you hold it in your hand? >> of course not! >> but we know cuomo does. no question about that. >> i hold it in my hand and i aim it at my face because i'm a self-loather. a couple of times it's happened. thank you, christine romans. so we have the advance on the president's second foreign trip. international relationships are getting more complicated so you want to focus on this. what do they say the white house agenda is. how is it going to go? obviously the headline there is at the g-20 in germany we expect the president to meet with the russian president. so we're going to bring in former state department spokes person and former deputy commanding general in afghanistan for their kind of take on what do you want to do in a meeting like this. how should the agenda be approached. we also have the former nato allie commander to talk about some of the emerging issues where russia is involved. plus, there's a domestic
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situation that you need to pay attention to. so the president as we know was very hung up on the idea that if we're going to talk about the election being messed with, don't talk about russia, talk about the election integrity commission that he set up. 3 million illegal votes. you remember that? could not be substantiated. people have looked at this for a long time. they looked at it intensively. do we have problems? of course. is there widespread fraud? zero proof. so you have these states now refusing to give their voter information to the commission. why? is this just politics? we'll take it up. we'll give you the arguments on both sides so you can make an informed decision. >> people thought this would be viewed through a partisan lens. not so much because republican secretaries across the country are saying no, sir, mr. president. >> but why matters because i have to tell you, on the outside trying this out with the people with regular jobs in my life, it seems like a no brainer. you want all of your systems to have as much integrity as
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possible. you want as little cheating, you want as little variability so why wouldn't you do this? there are actually some good reasons. we'll go through them. >> the fear of putting this all in one public place, needless to say needs to be justified. the trump putin meeting will be limited in time and putin won't be able to talk about ukraine. so this is the first of the whispers they're putting out there about them setting the agenda. mcmasters said president trump has no agenda. >> we'll see how that's going to turn out. could this be the beginning of the end for the gas engine? the first major auto maker going all electric. we'll tell you who, next. he real you shine through? maybe it's time for otezla (apremilast). otezla is not an injection or a cream. it's a pill that treats plaque psoriasis differently.
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one month after severing ties with qatar foreign minister
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from saudi arabia and three of its arab allies are meeting in cairo to plan their next move. qatar has just responded to a list of demands presented to them by those gulf nations. we're live where it is 12:53 and it is 111 degrees, doing a tremendous job. good morning to you. >> reporter: good morning, dave. and they would not really tell us what is in that letter. they basically responded to that list of demands in a letter they handed over to kuwait. the mediator and we've heard from the saudi alliance saying they have received qatar's response. they are reviewing this and they will respond in a quote, timely fashion. we've gotten some hints from officials here saying that their response was within the context of international laws and preserving the sovereignty of qatar, all indications are they will not be agreeing to that list of sweeping demands that
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the foreign minister here still calling unrealistic, still saying this has nothing to do with combatting terrorism and that this is going after qatar's foreign policy. they say they have done their part and now the ball is in the court of the saudi led quartet. all eyes on the meeting to see what comes out of it and what the next steps will be in this crisis, dave. >> thank you. it's a dry heat from what i'm told. >> it is hot. let's check on moneystream this morning. global markets are mixed. futures pointing to a flat open after being closed for the july fourth holiday. investors today waiting on the meetings -- minutes of the feds' june meeting. timing of the next rate hike and the balance sheet reduction. it has been a great year so far for wall street. the dow and s&p 500 both up 8% this year. the nasdaq up 14%. volvo is saying good-bye to
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gas engines. starting in 2019 all new volvos will be electric. the company plans to launch five fully electric cars. the rest of the motors will be hybrids. volvo is the first major auto maker to abandon the internal combustion engine. competition from companies like tesla. tesla's value is more than ford, gm and bmw. >> a surge in electric cars. >> they're looking at a longer term. >> ending on a very happy note this morning, welcome to the world wesley james tarson. he is the baby son of our business producer and his wife. tarson recently left our overnight shift but now he'll be up overnight anyway for a while. wes was born friday, six pounds, five ounces, 19 inches long.
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three weeks early. beating his deadline. we're told everyone is happy and healthy. congratulations tarson family! >> always on time and in fact, a little bit early. perfect peanut there, wes. >> thanks for joining us this morning i'm christine romans. >> i'm dave briggs. "new day" starts right now. >> together we are facing the threat of the reckless and bu tral regime in north korea. >> this is likely an icbm. >> we need to know what the strategy is of how we're going to deal with this. >> the president may be realizing that his options in this world are very limited. >> it's going to take a worldwide effort to get north korea to stop what they're doing. >> any patriot ought to care about the foreign interference. it is very con spike wous that this president has c

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