dawson dawson. markets very much driven by weak numbers from china. some declines are significant. australia, and these are very d to china, and the first is china, and the other is sinopec selling a stake. sinopec, therefore, is the biggest declining stock, and there it is. >> right, and in a little over roadshowthe alibaba kicks off after meetings in the u.s., and they already have interest, but they may stop taking offers for the early sell. lulu, tell me something. what is the atmosphere like? calm?just reasonably >> definitely. one of the key questions that investors will be asking today will beer alibaba issuing more shares or bumping up the price, and they managed to attract enough orders, so they might be closing their ordertaking process early for the ipo. one of the key questions for because the ipo is so high profile, and there is so much demand, some might be insulating their demand, so that is something they should take care of -- and might be insulating their demand, so that is something they should take care of. -- might be inflati ng their demand, so that is someth

signature segment, china struggles to provide for its rapidly growing middle class. >> they're feeling very vulnerable at this point. they know that they can't feed themselves anymore. >> sreenivasan: next on pbs newshour weekend. >> pbs newshour weekend is made possible by: corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we are your retirement company. additional support is provided by: and by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. from the tisch wnet studios in lincoln center in new york, hari sreenivasan. >> sreenivasan: good evening. thanks for joining us. secretary of state john kerry traveled today to cairo to try to enlist egypt's support in what the white house describes as america's war against the islamic state, also known as isil. egypt is the most populous country in the arab world. >> it will be our goal in every meeting that we have on the international basis, together, working to degrade and ultimately to defeat isil.

systems? china, hong kong, it's "inside story." hello, i'm ray soares, since 1997, when the british left their crown colony and returned it to china, hong kong has been nervously negotiating a relationship next door. they took the lead only in military and diplomatic fathers, hong kong was going to remain what it has always been, a home to freewheeling capitalism, with law and currency, and now the young people filling the streets are testing just how much dissent hong kong's government and the government in beijing are willing to tolerate. protests in hong kong are not unusual. but this is different. and may be dangerous. police fired volleys of teargas in the thousands on sunday, and what authorities said are necessary but restrained response. demonstrators used umbrellas and goggles to protect themselves and vowed to keep up the pressure. >> well, it's very encouraging that so many people tal took toe streets today to demand democracy, and many people chanted the slogan, "went true democracy, and it's exactly the movement. and we're very happy to see what happened today. >> these demo

, la, ♪sha, la, la, la, la, la ♪sha, la, la, la, la, >>>china's younger generation is driving a growth in consumption. >> this is where the real power is -- china. ♪ >>> if you live in manhattan like i do and you think you live in the center of the world, this place, shanghai, will confront you with a very different reality. turn down a side street. it's an ancient culture. the centuries old smells, flavors. a brock away, this, an ultra modern, clanging cash register, levels of wealth, luxury, the sheer volume of things and services unimaginable by the greediest, most bourgeois of capitalis capitalists. it is flanked by the river. and there is the newer section. the thing i know for sure about china is that we'll never know china. it's too big, too diverse, too deep. there's simply not enough time. that's for me the joy of china, facing a learning curve that impossibly steep. even if i dedicated my life to learning about china i'd die mostly ignorant. that's exciting. that's too much, and it's changing so fast. ♪ china has a population of $1.3 billion people. and the number

china, india's power house neighbor, but with his promises of change, and the needs that come with it, the question is can the u.s. stand to share with china all the new india has to offer? big crowds of supporters throng the park in front of the white house. and protestors complained of the new leadership of the hindu nationalist party. the leader of 16th of the world's people has a lot of eyes following him, at home, from east and west. india the u.s. and the world are our focus this time on the program. joining us in the washington, director of the india project at thing booings institution, a senior fellow for asia, he is also a former u.s. ambassador and walter anderson, director of the southwest program. why all the attention? is. >> i think one is him -- as a politician, the kind of personalty he is. not many indian prime ministers no matter how important the relationship with the u.s. is or with india is to the u.s. could have pulled off the estrength at madison square garden, i think what he has done is done a leg of political meetings, a set of business meetings why is th

♪ >> growth targets under stretch, china's weakest factory output in years. e dollar is falling on new stocks are poised to decline, and sinopec has made a move. coming to "first up," you live from the bloomberg asia headquarters and streaming online at bloomberg.com. china's growth targets is again under threat, new data over the weekend showing a continued slowdown in growth. let's head over right now to bloomberg's stephen engle in beijing with the latest. steve? >> yes, the economic indicators, angie, you are right, pointing missing the growth targets, and it is the same as the previous year, 7.5% for the target. his options have narrowed. stimulate or miss that target. now, we had the weakest economic outlook. sales, they moderated last month, as well, and we saw the second straight decline in growth of imports and a 40% drop in the broadest measure of new is aggregate financing. over at morgan stanley, one person saying this is a pretty important wake-up call, that they need to do more, but will they stimulate more ortiz policies? policies? they do not want to inflate asset b

forceful action by china's security forces. rumors that the chinese army might intervene were untrue. and in the past few hour, riot police will hold back on the hope that it will defuse the situation. angry with the changes to the system which the protesters say are undemocratic. >> we've had success and just want democracy. and nothing more. >> reporter: beijing has warned the international community that this remains an internal chinese issue. taiwan house has given to to support of the protesters. they were originally a pro. >> referee: pro-democracy group. but the real danger is this situation could spiral out of control. >> if it hasn't already. david piper thank you very much. >>> and ronald reagan who says what happens in hong kong won't stay very long in hong kong. why not, sir? >> this is a whole thing on economics, ever, neil. they've got a 15% flat tax on income. they've got a 16.5% on corporate trar riffs. they are an open world global city and they don't want to see the government change bit chinese government. so they have a model that really works and they don't want to lo

impact on the degree to which u.s. companies will have a path in china? china sees the success of this, are they more willing to let our companies play too? >> -- willing to let u.s. companies play as a result of this. i think -- you know, i think u.s. companies look at china. they look at india. they look at big markets. because here we have 318 million people and it is an easy economy, across every state. it is very difficult to do in the rest of the world country by country. but china and india are huge landscapes and it's been difficult for companies other than making investment in places to succeed there. so what are the big next landscapes you can go after? i think u.s. companies will continue to do what they are doing. i don't know that this is the wakeup call that everybody thinks. i think that u.s. companies did try very hard to find ways into china it's just very difficult to do. i don't know how it changes the landscape until alibaba starts making acquisitions. then the world changes a lot. and so it is going to be very interesting to see what they do with their currenc

share his vision of helping grow e-commerce to the benefit of china. with no cease-fire inside, our battle became more contentious. we had one card up our sleeves that ebay had not anticipated. to pay $1agreed billion in cash to alibaba.com. the move is designed to catch up with the ebay. yahoo! is going to become alibaba's big is investor in alibaba will take over yahoo!'s china operations. >> it was one of the biggest deals in internet history and set off a media frenzy. for the first time, a chinese in a company had taken over the local company. with a search engine in our portfolio, we boldly plant that -- >> ebay has been trying to build and be as successful as a lot of companies in china. this is really representing a big challenge for ebay in china. >> the mood was euphoric. mandarin]ng >> to make the partnership work it was critical to smooth and integrate yahoo! china under ali baba's management. we chartered a transfer to bring yahoo! china to visit their new national headquarters. it didn't take long before we realize that the two teams have very different cultures. seeme

♪ sha la la la la la ♪ sha la la la la ♪ sha la la la la la la >>> china is's younger generation is driving a growth in consumption. >> this is where the real power is. china. >> if you live in manhattan like i do and you think you live in the center of the world, this place, shanghai, will confront you with a very different reality. turn down a side street, it's an ancient culture. centuries old mix of culinary traditions, smells, flavors, a block away, this. an ultramodern ever clanging cash register, levels of wealth, luxury, sheer volume of things and services unimagined by the greediest, most of capitalist imperialists. the city is split by the river, a tributary of the yank sea in the oldest section which features the newer built up section. the one thing i know for sure about china is i will never know china. it's too big, too old, too diverse, too deep. there's simply not enough time. that's for me, the joy of china. facing a learning curve that impossibly steep. the certain knowledge that even if i dedicated my life to learning about china, i'd die mostly ignorant. that's e

also on the floor of the nyse. >> alibaba continues to grow grows china, but also [indiscernible] this ipo in new york makes a good entry to the growth or expansion. forecasting to book a $4.6 billion gain from the listing. they will be booking that for the six-month ending september 30. . windfall gain shares open and 56 minutes from now. .> thank you so much for that singapore exchanges forecasting an end to a two-year hiatus for chinese listings. the optimism follows an agreement which makes it easier for chinese companies to sell shares in singapore. has, good to see you. what extent will singapore's ipo market change? >> i am tempted to say watch this space. there will be a significant change. difficultt, it was for mainland companies to list in singapore. they had to incorporate an overseas holding company. with the new agreement, they don't. the last one listed in singapore was way back in 2012. companies raised $2.2 billion from singapore ipos this year, down more than 50% from last year. average trading volume down more than 30% from a year ago. it has not been pretty fo

the latest. china and india's relationship hasn't always been smooth with border tensions that stretch back decades, when it comes to trade they see huge potential in the combined population of 2.5 billion. during talks on thursday, china agreed to invest $20 billion in india over the next five years. and nhk world has more from new delhi. >> reporter: prime minister modi made the rare decision to greet his chinese guest on wednesday not in the indian capital but his home state. india and china clashed in 1962 over a border dispute that remains unresolved. but when it comes to trade, they are deeply connected. everything in this gift shop is imported from china, including these photo frames. these jewelry boxes, and even this statue, the most popular indian god. made in china toys are big sellers in india. consumers appreciate their quality and value for money. high tech products are also taking off. the smart phone went on sale in india this summer. >> translator: chinese products are well priced and well designed. >> translator: it's got good functions for games. many of my f

patriots and imagination first unlocking the power of possibility. his latest book is entitled a china man's chance one man's journey into the chinese american dream. please join me in welcoming eric leu. [applause] .. and to arrive in the united states and they were given the most thankless, dangerous, life threatening jobs, mining mountains and so forth, such that they often hannah slim to no chance of surviving which got shorthanded in the language of the time as "a chinaman's chance" of surviving and ironically that phrase survived its original usage and 100 years later when my father immigrated to the united states in the late 1950s my dad who has a real sponge for language and idiom as well as someone with an ironic playful sense of humor somewhere along the way it heard the phrase, either against him or unthinkingly in the company and presence and it was my father's nature to take something like that where the intentions was to wound and to grab the dart in mid-air and redirect. when he began to do in this ironically playful way is appropriate that phrase "a chinaman's chance" s

improve strained relations with china and south korea. >> translator: they're japan's neighbors, so there are various issues that come up. in order to resolve these issues we should promote dialogue free of any preconditions. >> abe says he hopes to hold summit talks with china when he visits beijing in november for the apec meeting. he says both countries need to make constant efforts to improve bilateral relations. japan's prime minister also expressed his desire to have summit talks with south korea and make the most of various international meetings. our senior political commentator masao nakajima joined us earlier with his analysis of abe's news conference. what are some of the main points abe spoke about? >> well, prime minister abe emphasized that japan's determination to proactively contribute to the world peace. he said japan will take the lead in solving problems the world is facing such as the ebola outbreak and climate change. he said this will be done through making use of the country's technology and experience. he also mentioned japan's support for the fight against i

baa surging. some here say it's time to tell some here say it's time to tell china to roll out the red carpe you know, if you play football for a long time like i did, you're gonna learn to deal with alot of pain. but it is nothing like the pain that shingles causes. man when i got shingles it was something awful. it was like being blindsided by some linebacker. you don't see it coming. boom! it was this painful rash of little blisters. red, ugly stuff. lots of 'em. not a good deal. if you've had chicken pox, uh-huh, we all remember chicken pox. well that shingles virus is already inside of you. it ain't pretty when it comes out. now i'm not telling you this so that you'll feel sorry for me. i'm just here to tell you that one out of three people are gonna end up getting shingles. i was one of 'em. take it from a guy who's had his fair share of pain. you don't want to be tackled by shingles. so please go talk to your doctor or pharmacist. talk to your doctor or pharmacist about your risk. right here. with a control pad that can read your handwriting, a wide-screen multimedia center,

well. now, in china, the preliminary reading of the sse manufacturing actually rose in september. which helped lift the shanghai composite from a two-week low. investor sentiment was boosted by hopes of a recovery in the world's second biggest economy. so a bit of a focus on those markets as well today. ai? >> ramin, how is all of this playing into currency levels? >> currencies, of course, a huge focus, and some of the major pairs have seen trading activity. let's look at the major pairs here. 108.64 to 67 dollar/yen. it's fallen back a touch, after trading above 109 earlier in the week. investors' concerns growing regarding syria. shipping funds into safer assets such as u.s. treasury bonds and the yen. the next guidance on the economic front, which may give some direction for the dollar, will be new home sales for august later today, as well as speeches by federal reserve officials from cleveland and chicago. which may give further clues as to what the fed is thinking. we need to follow commodity heavy indexes. the australian dollar against the u.s. dollar, looking at the grap

closer ties and stronger to send. wants to counter china's growing influence. and the purchasing managers index coming out, the chinese economy, 51.1. this, of course, is showing expansion, and let's go over to david. >> more optimists and pessimists. and a reminder, we also have the hsbc final pmi coming out in about 45 minutes. it is not a lot if you put everything together. this is a little bit above water. this is up about half of 1%, and we will see how this impacts trade. more than to move others, i guess, when it comes to the pmi numbers out of china. with what else is moving across the markets. >> yes, david saying 51.1, and the estimates from the economist was 51.2, and this was down from the previous figure in july, which was the highest in more than two years, and we will get reaction, and with us is the chief greater economist, and this is pretty much in line, isn't it? >> yes, but we need to also pay for the pmi. a couple of weeks ago, it was quite -- it was significantly lower. sector, and private we also have to pay attention to the other numbers. >> they were shoc

china's ipos. it has a full 25 percent of the global ipo activity and a lot of people are saying once the investor at home gets familiar with alibaba, there could be a flood gate opened with many more deals. >> that is very likely true, especially if the deals are performing well. and this year there have been about 11 chinese ipos that have been done and all have traded above their ipo price. u.s. investors have gotten very comfortable with the chinese ipos. that wasn't necessarily the case if you go back to 2010 and some of these years where there were in ipos and they did not perform well. so we have a love relationship right now with china. i'm sure it will turn into this love/hate relationship. but yes, i think it does pave the way. alibaba is such a big name. i think investors are going to get very comfortable with china as a result. >> bob is getting comfortable with jack ma. >> well we're just sitting here scott. let's just make sure we get the new indications. 89-91, correct? >> right. >> and how close are we to this whole process? >> we've still got time. and if we go more t

." >> i am watching the markets. i am exact -- i am exaggerating, a good start. came out ofpmi china, things started to turn around for the better. another good session over in taiwan. something that has become quite common. inflows intoet taiwan. the most in asia, recently edging out india. manufacturing pmi, not the best. towardo be leaning expectations. china may step in to support the economy. china, gains led by the automakers. china rose out the policy on electric cars. defense related shares. report out off "the shanghai chinaties news," that will announce this blueprint, restructuring plan of military research unit. elsewhere, it looks a good so far. i will be back. >> writer to our top story. >> right to our top story. bloomberg news, asia government editor david tweed on the streets. promising more protests. any idea when we would be getting them? >> they have not actually said it when it will do the protests but we know we will be having the protests at least 10,000 people. that is a targeted number from occupied central. on to the streets in central hong kong and the idea

lot of the small guys because big guys are already in china. small guys need help like us and that is what we are excited about. >> alibaba is successful because it is so diverse and sprawling. what kinds of business ideas have you said no to? >> i am saying no to a lot of ideas because as the ceo i have to say no to opportunities because if i say yes i will get 5000 opportunities every day. everything is based on the mission. helping doing business easier. it is that we will consider. if someone says we will make a lot of money, i am not interested. >> you stepped down a couple years ago and you are now executive chairman. >> i am the chairman. i focus my time on developing people and government relationships with all the nations that are helping small business and focus my time on expansion. i do not do this kind of operation work. >> what is your next surprise? >> it is coming. >> how will you celebrate? >> we had a big dinner last night and everybody cried and we said 15 years we never knew, who are the people we should thank? it is not us. that is why we put the young people ther

threat. china's weakest factory output in years. the aussie dollar falling. a journey of 1000 miles and then some. alibaba taking the roadshow to hong kong. with china's for your growth target once again under threat, we got new data over the weekend showing a continued slowdown. of it over to stephen engle in beijing with the latest. a very good morning to you. what are the numbers telling us? >> you said it. the economic indicators from the weekend and generally from the that 7.5%ths, missing growth target for the full year. does that really matter? i will get into it. his options have definitely narrowed, stimulate, or you are probably going to miss that target. we have the weakest growth since the global financial crisis and the data released over the weekend. fixed assets investment, retail sales also moderated. we saw the second straight decline in imports, a 40% drop in the aggregate financing. the numbers are not necessarily looking good for the program of cap. helen xiao at morgan stanley -- this isimportant an apartment wake-up call. slowdown, engineered or is this happeni

during the yom kippur war. they also encourage diplomatic relations with china during the cold war. by theent was cohosted national archives and the richard nixon foundation is about 90 minutes. to talk, this is going to be the first in a several-part series on how it the nixon administration change the world. kissinger,y, henry --henry kissinger poshard kissinger's national security council. the first middle east peace agreement in probably 2000 years. this amazingt in series of successes is how president nixon and his very able foreign-policy adviser henry kissinger transformed the national security decision-making structure. on the very first day of the administration, these innovations created the groundwork for all of the successes they were able to achieve in the next and poshard presidency.- nixon and you might say, that is more about good housekeeping is that a brilliant policymaking. the key realized that to a successful foreign-policy was dedication. how they wanted to structure the national security council staff. nixon learned firsthand about a good counsel when he was

a difference. .. after that doris kearns goodwin and >> i was an exchange student studying in china in 1989, so i'm very, very excited to be able to introduce our next speaker. i think most of us here may not recognize her, but we certainly recognize her voice. t i'm here to introduce louisa lim to talk about her book, "the people's republic of amnesia." she is the voice, as i said, from china for national public radio or has been, and appreciate that she work -- prior to that she worked for bbc. that she worked for bbc. over a decade of reporting she has earned many prestigious prizes and broadcasting awards for her work. during the previous academic year 2013 to 2014 louisa was a mic wallace fellow at the university of michigan and i just learned for the next academic year she will be teaching at the university of michigan in journalism school. for me reading her book brought back to me a flood of memories from my year in china and especially the events that surrounded tiananmen. having been in china around that time i found a reason quote in "the wall street journal" about her bo

resign, saying they are not going anywhere until china grasps real democracy. jihadist militants from the islamic state group closed in on a key town on the border of syria and turkey, despite continuing airstrikes on the international coalition. and a major flood hits some 60 cities across the south of france, including the historic town of montpellier. ♪ also coming up this hour, turning 50. we will take a closer look at the argentinian comic and her creator. also, sports coming up. but first for you, tens of thousands of protesters are in hong kong. they have now upped their demand, saying they want beijing to answer their calls for democratic reform before a deadline tomorrow, china's national day. leaders of the occupy central movements are they want the current executive leadership of hong kong to step down. anger over beijing moving to vet new candidates is what kicked off the protest in the first place. paul james is our correspondent. tomorrow marks the 61st anniversary of the founding of communist party rule in china basically china's national holiday. protesters have

latest book is entitled "a china man's chance: one families downand the chinese american dream." join me in welcoming eric lu. [applause] >> the question begs to be answered, why the title? >> first of all, thank you for having this conversation and thanks to the world affairs council and asian society for gathering us together today. i really excited to talk about this book, and the title in particular, the phrase "a chinaman's chance" many people noes phrase that has fallen into both disrepute and out of use. it is a slur in essence. and a phrase that has its origins from the earliest days when chinese immigrants arrived in the united states, and laborers from china were given some of the most thankless, dangerous, life-threatening jobs in laying the railroads, mining, such that they often had a slim to no chance of surviving. which got short-handed in the language of the time as china man's chance of surviving, and ironically, that phrase long survived its original usage. by the time, 100 pleasure years later, when my father immigranted to the united states in the late 1950s

peace agreement difficult. >>> china's president xi jinping makes an official visit to india, and will meet with the new prime minister narendra modi as part of a 3-country tour of asia. many indians see china as a partner for the future. >> reporter: these chinese language students in new delhi are investing in their future. with china's growing influence in the world, they believe learning manneh rein now will way off later. >> in future, china will take over the world. for that it's important to learn chinese, to earn a lot of money. >> reporter: the school has seen a steady stream of students since it opened. directors say one of the objectives is to bring indian and chinese people closer. >> not only training the indian people learning the chinese language, and the culture, and understand the chinese culture. it's growing in recent years, thanks to trade. china's influence on life in india was limited to restaurants like these. in the past few years chinese goods flooded the market, smartphones being on the increase. new they talk about aid being used. >> reporter: this mobile app

built china's first internet company. i settled into my seat i wondered how would jack address this on this important night? then, just like any other billionaire in the same situation, jack took the stage. ♪ [intro to "the lion king" plays] >> can you feel the love tonight? ♪ >> well, it may not have been typical for a company chairman, but it was not surprising coming from jack. people outside the company assumed he was crazy. but those of us inside the company knew better. this is the story, in my own words, and in the most honest way possible, of what i saw and what i learned from a teacher, teacher, his dream, and from his country. ♪ >> it is hard for me to imagine the china that jack was born into. while the est lake in his hometown provided a quiet escape. china's cultural revolution was just beginning. for the next 10 years, the country was thrown into political chaos. capitalists and intellectuals were punished and sent to the countryside. families and friends were divided along class lines. china was closed to the world, and its inner turmoil was invisible to most peopl

would change china, it that it would improve the world, whether you believe or not, whether we will succeed or not. but somebody will succeed. if you do not keep working hard and working every day, nobody has the chance. i never know if we will be here today. >> what will you do with this capital? will you buy yahoo!? >> well, i do not know whether they would sell. [laughter] >> would you consider it? >> the important thing is we want to build up the company, not the buying company. we want to make sure that our ecosystem has the small guys. anything that can help small business grow we will consider. >> have you spoken with marissa mayer? what have you spoken about? >> we talked a couple months ago and yesterday she sent a nice e-mail with congratulations. >> what are the challenges of being a global company and dealing with the chinese government? >> being a global company dealing with any government is difficult. it is a great opportunity if you deal with the government well and to make it with them, listen to their problems and solve their problems, that is why we survived. alwa

kong has been a territory of china and operating under a policy of one country, two systems. residents of mainland china, groups say china is slowly taking those freedoms away. police use more than 85 rounds of tear gas, pepper spray and batons on protesters sunday. the number of people on the street continues to grow despite the police crack down. hong kong stocks have actua tum. vulnerable to riot police once more. soon after dark on monday as the crowd swelled it became clear all the worrying now belonged to the authorities. at times a sea of illuminated cell phones. and then booing of the cy chong. >> one of the protesters say have yo you you heard the sing? >> the night before it was facing tear gas. on monday night, no gas, and hardly any police presence. >> given the fact they launched tear gas and you know pepper spray the past couple of days i think people are quite prepared for both. i mean they knew what to expect. and they still have the courage to come out anden tel and tell e government what they want. hong kong people actually do want democracy. >> i think hon

more counterfeiting going on in china now than we've ever seen anywhere. >> name an american brand. any brand. any kind of product. just name it, and we'll tell you something about it. it's probably being counterfeited in china as we speak. >> this is the most profitable criminal venture, as far as i know, on earth. >> counterfeiting. >> counterfeiting and your partners don't kill you. >> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we look at the multibillion dollar business of international crime. first, we report on the theft of an eye-popping fortune stolen from the iraq treasury. then we take a look at shoplifting gangs from south america. and finally we go undercover in china to expose rampant product counterfeiting. we begin in iraq with the theft that's been called one of the largest of its time, the mother of all heists. and it happened right under the noses of u.s. advisers. as iraqi investigators told us in october of 2006, more than half a billion dollars had disappeared from the defense ministry-- money that was supposed to equip the iraqi military. inve

gained popularity in taiwan in the 1980s, especially among young people. >>> a court in china has sentenced a well-known uighur academic to life in prison for separatism. chinese police detained ila ilan toti at his home in beijing. authorities accused him of harming national security and socialist stability. they say he collaborated withing we irseparatists outside china. but he denied he was involved in secessionist activities or organizing a separatist group. the court ordered confiscation of all of his possessions. a lawyer says toti shouted his objection to the sentence when he was led out of the court. the lawyer says he will appeal. toti is a longtime advocate of uighur rights. he has criticized china's ethnic policy but he opposes uighur independence. the united states and other countries see the case as an attempt by china to stiffle the sect. they have asked the chinese government to release toti. >>> more and more chinese tourists are encouraged to vacation on home soil. chinese government officials have unveiled plans to double revenue from domestic tourism by 2020. so

around government buildings in the city. china has said it won't tolerate any external support for what it calls illegal movements. that's a clear warning to other countries. our china editor carrie gracie has been to the heart of the protests. >> reporter: this is a working day in what's normally one of the most orderly and money oriented cities in the world, but as you can see, the crowds are back to support their democracy movement. the numbers ebb and flow. more here today than there were by daylight yesterday. but fewer than overnight. a fairly relaxed atmosphere, as you can see. everyone just sitting down and enjoying themselves. but there are people preparing the supplies in case the riot police come back with tear gas later, preparing the towels and water. of course, this is the heart of the business and government district. government headquarters there. the parliament building there. behind the government headquarters, the chinese people's liberation army headquarters. and all eyes currently on beijing. a sense of unease about what their next step will be. but i'm also in

and overseas in china. if apple were intentionally holding back supply from china in order to supply the use. but if the regulators are actually keeping them out for a while they could be doing apple a favor. plus don't forget last time apple had a really huge phone launch here, the shoppers from china managed to find their way here to buy the phones and bring them over. so it's not as if we are not in a global economy. in the 21st century are with airplanes and people can get their hands on goods they know they want. >> it's gives you a floor and upside. now they have an opportunity in outperformance once they get in there. i agree with john. take the 2% down. a good opportunity. >> we also have a lower cost model in this launch. do you think this is going to be less of a block buster than the five was? the five and the five c which was one of the big upsides in china before. >> i think this is going to be bigger in general because larger phones are more popular. plus the cost reduction on the 5 s with touch id. which you are likely to see decent demand still holding up. so unless w

china's e-commerce pricing at $68 a share. gives alibaba a market value about $168 billion surpassing disney, boeing and amazon. it will trade under ticker baba. earlier alibaba's executive chairman jack ma held court outside the big board amid hundreds of members of the press corps on hand for today's big event. later we will bring you our cnbc interview with ma here at post 9:00. we are literally feet away from the post at which it will trade, post 8 over here. where twit other went public almost a year ago. the crowd of press, guys, i heard at least 100 media from china alone. >> well, this is historic. i say it's a rejuvenation in the sense this is the deal -- it's been a long time since people talked about a particular stock which was facebook. this is bigger than twitter, obviously. what is incredible about this deal, we are looking at just the american side. i am shocked at the amount of buying overseas. there is going to be 30 million shares to buy. it's going to be obviously way, it was way oversubscribed. the demand of mutual funds worldwide for this thing is atypical of wha

in china has some potential in europe to see whether it will carry over into the u.s. and whether investors will embrace it with very different transparent ideas about transparency. >> we cannot forget that this is their second ipo. well.not go so what are the similarities and the differences? >> the backdrop is very similar. you have stocks skyrocketing. they were reaching every day. he knows how to time a rally. and as you remember it was many time's oversubscribed. pop in itsgnificant first day. we might see a different situation with the parent company. it is harder to get multiple time subscriptions as well is a isger first-day pop but it interesting timing. there are some interesting similarities. >> that did not continue back then. we will be watching this time around. thank you so much. us and sticking with more with you after this quick rate. we will be talking about mover which has been banned from operating in germany. will other countries follow suit? that and more when we return. ♪ >> welcome back. i am emily chang. attack still organization has won a ruling that co

emerged is extremely unlikely. china has not been a party to any of these bilateral cold war agreements. that is the dark shadow on this paper. we talk about the u.s. russia relationship. china is out there. china is a threat to both parties. that is going to have a nuclear deterrent. there is no question about it in the nuclear context. >> this is political talk already. the upturn the -- the opportunistic point is that neither russia nor america's feeling from danger -- feeling of danger from china is objective in nature. the cases are very subjective and not by the objective threat of china but by how we perceive china. that makes the situation looks better. >> in terms of funny stories, when we started writing this paper we were hammered for being too pessimistic. increasingly we are hammered for being too optimistic about the nature of the relationship. even if trust is nonexistent. the myra memories conversations. what i still don't quite understand is if it was possible to achieve another arms-control agreement between russia and the united states, if we were able to o

was resource stocks. they came under pressure due to falling iron ore prices. and in china, the shanghai composite climbing .8%, recovering that 2,300 level for first time since may 2013. shares in the sector went higher today. >>> a federal district court in the united states upheld a $6 billion judgment against japan's largest drugmaker. the court says takeda pharmaceutical hit cancer risks associated with its diabetes drug actos. in april, a jury in the state of louisiana ordered the company to pay the money in punitive damages. the suit was brought by a man who claimed actos caused him to suffer bladder cancer. takeda officials say they, quote, respectfully disagree with the verdict. they say they're planning an appeal. $6 billion is four times the drugmaker's operating profit for all of last fiscal year. the company has been fighting other cases over the drug in u.s. courts. judges or juries in five other lawsuits have ruled in favor of takeda. >>> executives at toyota motor are addressing growing concerns about vehicle safety. they say they'll install automatic braking sys

baa baa surging. some here say it's time to tell china to roll out the red carpet for us over there, so we can put more americans to work here. d w? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ no. not exactly. to attain success, one must project success. that's why we use fedex one rate. their flat rate shipping. exactly. it makes us look top-notch but we know it's affordable. [ garage door opening ] [ sighs ] honey, haven't i asked you to please use the -- we don't have a reception entrance. [ male announcer ] ship a pak via fedex express saver® for as low as $7.50. what would help is simply being able to recognize a fair price. that's never really been possible. but along comes a radically new way to buy a car, called truecar. now it is. true

of hong kong in what could be china's biggest political challenge. you are looking at live pictures behind me, i'll look at how we got here and what is at stake. also america's trillion dollars student debt burden is weighing on a whole other sector, the housing market. plus the highway project that is going nowhere fast. i'll tell you what brought it to a grinding halt. i'm ali velshi. this is "real money." >>> this is "real money," you are the most important part of the show, so tell me what is on your mind by tweeting me or hit me up on facebook. it is being called an umbrella revolution in hong kong. tens of thousands of protesters occupying the streets and they are not leaving. they demand china back off moves to nominate candidates for the elections in 2015. the tactics to get them to disperse are not working. the sun is up in hong kong, the police have pulled back at least for a while. meanwhile the number of protesters camped out as swelled to as high as 80,000 for the weekend. it's a very rare seen of discord in one of the world's biggest financial hubs. protestest similar

accomplish bilateral fta, and maybe through the trilateral fta with china -- but in the meantime korea is concentrating on our bilateral fta with china. it is a democratic triangle because we share democracy, freedom and human rights. korea and japan are the leading democracy in asia by any standard. we are full democracy. that was supported by a strong alliance with the united states, korea, united states send its troops to the korean war to defend our freedom and democracy, visa see the communist threat. in the case of japan after post war, united states again reestablished japan as a new democracy after the war. so we are democratic coalition across the pacific. third, we are security triangle. united states is a common ally of korea and japan. between korea and japan we are not an ally but an indirect alliance through the united states. certainly three countries have been making lot of efforts to deter north korea from its security threats. nuclear test and missile launching, the chemical weapons to weapons of mass destruction, and so on. so there is a strong foundation for the tri

had reports from china and pakistan and the czech republic. to whittle it down to my first ditched any replies from companies that were not only well as gold suppliers. the remaining companies, i judge their responses on basis like price and delivery times, but also on how well written their responses were. and other things, like whether they included a ensure of some things. it is a little like online dating. ultimately, i decided to work with a manufacturer in pakistan. i know what you're thinking. how can i be sure these supplies were not a bunch of sweatshops? i checked with the and it is -- the united states department of labor international labor affairs. they all checked out. alipay holger money and only releases it to the -- alipay hold your money and only releases it to the manufacturer. how much money are we talking about? let's start by considering what i am asking for. i am looking for pants in different colors, in multiple size, nations, and more than one of each. that gets me at 298 pants. $2920.st is getting the pants air shipped to me would cost another $1983. that woul

threat. they did not aim the simulated enemy, but the aim may be to deter china. we have the detaildetails. >> the drill is one of the largest in the age of the region. it involves 19 ships, more than 200 aircraft and 18,000 personnel. u.s. military officers say they want to improve their skills at sea, in the air, hyper state and in space. they've been improving naval capabilities. a u.s. defense department report says china is creating a strategy to defer or encounter third party intervention particularly by the united states. the u.s. commander declined to offer details about the exercises scenario but admitted they had an assumed enemy in mind. >> against that emerging threat, yes. that's part of the purpose of the exercise. >> china's top naval officer criticized the u.s. military for reconnaissance missions over the sea. last month a chinese fighter jet flew close to a u.s. plane over the south china sea. china said the foiighter was keeping appropriate distance. >> translator: if u.s. navy will not change operations, neither will the people's liberation army change cou

officials. they say china is using corrosive measures in an attempt to alter the status quo. the number of chinese patrol vessels entering japanese waters increased in 2012. it reached a peak after japan nationalized some of the senkaku islands. japan controls the territory. china and taiwan claim it. a year later, government officials in beijing announced they established an air defense identification zone over the east china sea, covering the senkaku islands. they said the military forces would take emergency measure if aircraft entering the area did not follow their instructions. >> translator: china will not compromise or make deals on territory. or allow the slightest violation. >> reporter: japanese government officials tried to set up a security hotline with china to prevent an unintended clash. but the chinese were reluctant. as relations worsened, prime minister abe sought to reaffirm ties with the united states. >> and the cornerstone of our strategy and the foundation of the region's security and economic progress is our historic treaty alliances. including with japan. >> tra

>> rose: welcome to the program. we begin this evening with china and talk to orville schell and nicholas bequelin. >> beijing is not keeping its promise, it has laid out some rules that say that he will pick, beijing will pick the candidates. that the hong kong electorate can vote for. therefore screening out any candidate that beijing doesn't like. the hong kong public doesn't like testimony hong kong students don't like it, and the result is the the protest that we're seeing today. >> rose: we continue with paul ryan, the congressman and former vice presidential nominee. his new book is called "the way forward" >> i think one of the thins we did in the war on poverty, we, meaning society and government, inadvertently was we gave people the impression that this is government's responsibility. pay your taxes, don't worry about a thing. government will solve these problems. that's not truement we need to have a new reengagement with people in our society. so that they can collaborate and get more involved in making a difference in their communities and the federal government need

. moscow turns to china for a major energy project. investments may come cheap. russia's currency has never been this low. p."come to "first u oneaming on mobile and bloomberg.com. the kiwi dollar is off by point ,1%,er -- . we are counting down to the open in japan and australia. [indiscernible] and trading at 104.32. most of the currency was up. national holiday in vietnam so no trading there. -- security standards are in under intense security. investigators are trying to find out who talk to the celebrities and the states and the u.k.. a developing story. goes a lot deeper. >> as for hollywood, these images began surfacing on sunday. actress jennifer lawrence, the three-time oscar nominee, nude photos of her allegedly posted to an online sharing site according to the daily telegraph and others and as many as 100 celebrities from the u.s. and the u.k. hacked by hackers according to those familiar and those photos may have been taken from the apple icloud site. the site that many of us used upload mail, contacts, photos to ask us when we are out on the road. no one thinks when you u