waters, tension builds as china builds new islands in the pacific. is 12 weeks of leave, without pay. that's what working mothers with newborns are entitled to under the family medical leave act. that is a far cry from what the rest of the world offers its working mothers. in fact countries like germany russia and japan offer paid maternity leave of one year or more. most of the developing world offers some paid maternity life leave to their mothers. america does not, putting it on the par of surinam and papua, new guinea. only three states rhode island new year's and california mandate paid maternity leaves that mandate four to six weeks of maternity leave, limit in the federal law limit the newspaper number number ofunpaid women, employers with fewer than 50 workers on their payrolls are not obligated to you provide leave at all. this is why you should care. 70% of women today with children under the age of 18 are in the primary bred winners in 40% of households across the united states. american women are now an incredibly potent engine in the workforce driving this country's

closed down by his own party, and troubled waters. tension builds as china builds island bases in the middle of a trade route. >>> stop me if you have heard this before. president obama has a plan, it's considered crucial to his legacy, but kapt get it passed by the house of representatives. a last tich face to face with party leaders is not enough to break a deep partisan divide. sounds familiar, right. there's a twist. when it comes to the global trade deal with implications, it is democrats. not republicans standing in the president's way. the trans-pacific partnership or t.p.p. has the full backing of house republican leaders like john boehner and paul ryan. standing in the way traditional allies, union leaders, environmentalists, elected democrats, and i'll speak to one of those democrats standing in the president's way in a moment. first, let me give you a quick refresher on what we are talking about here, because you hear it a lot, you read about it, it's a boring partnersh partnership, the t.p.p. it is huge. it would remove trade barriers and tariffs around the pacific rim, po

administration discussed the president's efforts to normalize relations with china in the early 1970's. they detail national security advisor henry kissinger's 1971 secret trip to china and richard nixon's official visit a year later. the national archives and richard nixon foundation cohosted this 90-minute event. david: good morning. i am the archivist of the united states. it is a pleasure to welcome you here today. a special welcome to our c-span audience joining us from around the country and around the world. today, we have the latest in an ongoing series of nixon legacy forums. when asked about his library when it was being planned, president nixon said i have insisted that the nixon library and birthplace be not a monument to the career of one man but a place where visitors and scholars will be able to recall the events of the time i served as president and to measure in -- and weigh the policies my administration pursued. i hope the library and birthplace will be different, a vital place of discovery and rediscovery, of investigation, of study, debate and analysis. those words will

the world. but when it comes to china it might be too late. >> what was the last time anyone saw us beating, let's say china in a trade deal? they kill us. i beat klei china all the time,m not saying they are stupid, i like china. charles: they are not stupid. as we head to think of the economy, china has amassed an army, engineers, largely educated in the united states, 2013-14 more than 274,000 chinese steunt students in amern universities. majoring in science, technology, and engineering and math. big paying money jobs. 758 thousand "high net worth" individuals with a collect of fortune 3. tat 8 trillion dolla. big news because china hopes to replace the dollar as world's currency, china does own $1.3 trillion of our debt. any day now, any day, china will complete the man-made islands, positions in pacific. here is the real deal they want to defend billions of gallons of oil in the south china sea, china, something to be reckoned with. we have a great panel, fresh faces, i am charles payne. you are watching "making money," let's meet investment pros, gordon chiang author of comes

anonymously blame hackers in china. mostly people seeking security clearances. china denies any involvement in these hacks. i'll talk more about that with a former chinese diplomat later in the show. but first i want to give you a sense of the scope of the last by 2020 the cost of worldwide criminal data breaches will reach about 2.5 $2.5 trillion. the reason is because more of the data the world relies on is moving online making us increasingly vulnerable to hackers who want to scam, steal, and spy. by now we know about the massive hack north korea is accused of launching last year against sony pictures in response to the movie "the interview." that exposed salary information belonging to sony employees. but that was just one of the many companies that were attacked. in all attacks exposed more than 85 85 million u.s. consumer records to hackers last year. about 15% of all americans have had personal information stolen by hackers. the question, of course, is what more can be done to fight people and forces that are hacking america. clearly the tens of billions of dollars spent on cyber sec

with china -- a vital, yet delicate relationship with china would likely be damaged by a rivalry for economic influence in the region. the trans-pacific partnership rewards nations with serious human rights rye -- violations while sliding trade partners with shared values in europe. while i support the lifting of trade barriers and promoting better standards of living i believe we must do the right track, not the fast track. others have claimed t.p.a. will strengthen national security. on this point we should take careful note. the president has used dangerous and isolating language regarding china with words coming from the us who like -- white house like hedge moany and containment. to ask for the trans-- to zport t.p.a., the trade promotion authority. but we must note that china is not our enemy. therefore we should not put it on the path to become one. by isolating china we could easily transform our capabilities-based defense strategy to a threat-based one. with all of the implications and decades of effort that that would entail. it would affect all of our future defense spendi

stocks rise across the region ahead of the latest french talks on greece. china aircraft ceo quits while on holiday. there's been no word from him since. down to the wire meeting creditors once again with the debt headline just days away. also coming up, hitting a sour note taylor swift pulling away from the apple streaming service accusing them of ripping off artist and producer's all in this monday morning a version of "asia edge." >> keeping my eye on the markets and we're seeing a third day up with the exception of a few weeks pots. energy share declines and a few banks as well pulling down the index. let's not take that away but it's a fairly good day for the markets. the s&p futures are dropping at last i checked. putting a sign some of the fears of greece. again, volumes are quite low. just across the region with perhaps with the exception of malaysia. volumes are low. on average, simple math, about 25 cent lighter -- 25% lighter. we will likely see this climb during the trading session. where are we? a big drop in u.s. 10-year yield into this morning and late friday but bac

"firstup new field for china's stocks surge. chinese shares a step closer to joining msci. ready for a return home. hsbc's plans to restore investment. bigger than walmart. the u.s. tos to make alibaba the world u.s. you largest retailer. " coming to"firstup, you live from hong kong. we have breaking news at the start of the show. south korea's unemployment rate coming in at 3.9% for may. that is above estimates and above average. economists we surveyed say they were expected in the rate to stay at 3.7%. for theimportant data be ok as it makes its rate decision tomorrow. another versed for the internationalization of china's equity markets. shares are onland track to be added to its emerging markets index. for more on what this all means, let's bring in stephen. what changed? stephen: they are getting closer, taking another step. we talked about this on monday. what has changed from a year ago? we had the shanghai-hong kong connect. there is this , a biggernalization quota for international investors to get into mainland shares. i want back a year ago prior to the review last yea

to lead on the upside, 2% gain. lenovo moving. china mobile up 1%. look at china overseas. china resources power has been a big mover to the downside for the past two days. let's check in on tokyo. the indexes lower. the bank of japan governor backtracked on his comments last week. tokyo electric is down nearly 3%. watch that. nickel extending losses. oil around $60 a barrel. on goldkeep a close eye as greece tries to sort it situation out. that's having it impact on the japanese currency today. rishaad: japanese stocks gaining. theowing list of evidence external environment remains challenging. turnaround taking place in tokyo. back to the data. let's start with imports. imports andlue of as sports. -- imports and exports. drop, and it has fallen consistently for a year and a half now. currency dishes the import demand to the left. the trade deficit in the middle. it is three times the figure back in april. in dollar terms, a deficit of 1.7%. -- 1.7 billion u.s. dollars. let's put this into context and the longer term trend. trade accounts are looking at a five-year chart of the

changing airbag suppliers because of the continuing crisis. china and the u.s. hold a security dialogue. the security -- senior delegates has both nations will lose. of us know what you think the top stories on twitter. ingleso to david with a look at the markets. david: 1.5%. where are we right now? 4649. 6.5% drop.% drop -- we have not quite recovered. as kenny logins pointed out, meet me halfway. we have an update on the news that just broke about chinese milk producers. let me just get you the high chart. producers -- to stop production and recall some of their products. infant go to milk powder permit power. milk it is for babies. insufficient selenium power. what do we have? asia-pacific markets on the up. close to the highest point in 19 years, since 1996. threepines, zero point gain. take a look at malaysia. a flat there. shanghai composite is the market we will be watching. china up 10%. we will leave it there for now. you so much. fiat chrysler has dropped to cut kata, turning to an alternate craiger and let's go to from tokyo. good morning. what does this mean for to

>> this is trending business. china brings in the official gauge of factory exports. the debt drama in greece turning another page but still no deal. yanis varoufakis insists that he has not resigned. the fallout in football. ter insisting the corruption inquiry will lead to his door. follow me on twitter. straight to this breaking news. pmi index is just out. the number is 50.2 which is the highest for this year. it is above the demarcation line which is the difference between expansion and contraction. of theelow the estimates consensus surveys by economists from bloomberg. 50.3 and he came in at 50.2. in april and march it was 50.1 and in january and february it was in contraction. growth may be stabilizing of course after several rate cuts. that evening in the economy might be starting to take hold, but this recovery is tepid at best. demand remains weak. 50.2 for the manufacturing may emi. services still doing ok even though it was below april and manufacturing looks like it is continuing its slow, tepid recovery. rishaad: we will look at that story later on the program. we had

bad is what china has done and what can chihina do th all of this formation? guest: it is pretty serious, but it''s even more serious when you look at it with all of the other intrtrusions and china. when you lookt the tality, as welell as the hacks into insurance companies over the last couple of years gettingg peonally identifiable information, medical information, financialal information,n, they have been ablele to c collect a t trememendous database on vtually every american. which is usuly helpful for target-- if i know your vulnerabilities. you have big medical bills or a medical coition i can use as leleverage t to cruit you or peperhaps studenent if i ownwn spies erating agnst china. vago: do you regard that as an equaually serious s issue? guest: i agree. with information like social security numumbers and health care records,ou cant replace that the social securitity number is used as the thenentication mechanism for mamany parts of the government and the privavate sector. vago: right, so you haveate of birt social serity, and aa couplef her things. how did china pull t

. , #trendingn twitter business. in china, an important ipo. malaysia coming online. a look at the events so far. reporter: not looking great. so far in the asian region. we are seeing that risk off appetite continue on the board. share watching china's market when it opens later this morning, down 7.4% friday. the biggest decline since january 19 and the third-biggest on the shanghai composite since 2007. we are seeing a lot of weakness coming through on the week -- nikkei in japan. its biggest fall into once today. we have had japan's industrial production numbers coming through. 2.2%.g expectations, down quite a bit of weakness coming through in a lot of the base metals. australian sharemarket impacted, as long as greece impacting investment everywhere, down by 1.8% in early trade. we are seeing the markets that are just come online following the trend, down 1.5% in taiwan. down also.e, it will probably be quite another ugly day in the asia region today. rishaad: of course, it is our top story. credit crisis deepening with banks closed. the euro taking hits, especially against sterling

escalation. n.a.t.o. can't pay as much attention to issues beyond its european borders, including china, the rise of i.s.i.l. and what appears to be a resurgence of the taliban in afghanistan. >> what the united states is trying to do is to show the allies yes, we care about europe, and, therefore, you have to care about things we are interested in elsewhere. particularly in the middle east. that's for the east europeans. the rest of the europeans really don't want to get into more of a spat with the russians than there already is. we should be leaning on the french the british, the germans to get involved against i.s.i.l. not worrying about reassuring poland. you can never reassure the polls. and frankly, they are not on the russian border. they are not going to get attacked. i can see doing a lot more as we've been doing, reassuring the baltic states but we have done enough, i think, and frankly, if vutin gets it wrong -- vladimir putin gets it wrong, and doesn't under our will power, there'll be problems and i don't think he's crazy. >> thank you >>> for more on the u.s.-russia tensi

deal. china and the u.s. prepare for their annual strategic dialogue with human rights, cyberattacks and territorial disputes on the agenda. her newwift pulls outlook from apple music saying artists are giving a raw deal. she said three months is a long time to go unpaid. let us know what you think all the latest stories by following me on twitter. markets getting under way. singapore and taiwan and malaysia have come online. here is stephen glass. -- stephen -- david ingles. david> it is looking good. we are up for a third day. levels of monday last week. -- the biggest drop in china as most of us know, in the red. you put at damage together in china and the markets are closed, by the way. damage north of $1 trillion market cap, wiped out. one week. only china could see something light of that in a short span of time. -- also shot of both ways. back to what is happening today. with the exception of australia because a decline with the mining stocks, energy, consumer staples, taking the biggest his. south korea is up 0.8%. -- taking the biggest hits. you look at the cha

angie: crunch time for greece as a record amount of money flows out of the banks. china drops rates a new low in the fourth such reduction since november and a monster of a movie. jurassic world leads the box office for the third straight weekend. live from bloomberg's asian headquarters here in hong kong. happy monday, i am yvonne man standing in for angie lau. this check on the markets morning because it is on the backdrop of greece. new zealand leading the way. we are seeing a little bit of pressure on equities, down .75%. the new zealand dollar weakening about .5% right now. counting down the opens in australia, japan and korea. let's go straight to japan. it seems like they are falling away. pointing to a lower open today. a third of a percent down. dollar-yen jumping, strengthening on the greek debt negotiations collapsing. straight to the top story which is greece. the situation went from bad to worse over the weekend. talks broke down, and unexpected referendum was called and the banking system shuts down. tom joins us on the line from athens. the greek prime minister alexis

. with china forging its answer to general electric, train make her are combining to make the world's second largest industrial company. crrc. it targets emerging markets in africa, latin america, and asia. japan bounces back. the strongest economic growth since 2013. the prime minister's increased pushure on japan aims to record profits into investment at home. sporting history was made over the weekend, with a american pharoah becoming the first verse to win the triple crown in more than 40 years. novak djokovic lost the final to stan wawrinka in paris. let us know what you think of our top stories. do follow me on twitter. markets in hong kong and china getting underway in under half an hour. singapore, thai way, one of them for just coming -- taipei, kuala lumpur just coming online. angie: asian stocks holding at a low average. the nikkei not one of those decliners. it is up 0.2%. datat coming in much stronger than expected. annualized growth of 3.9%. that is up from preliminary data that put it at 2.4%. we are seeing stocks being boosted by exporters. we also had japan's

japan would observe international law. >>> china was in the hot seat at the three day summit over the weekend. while the u.s. criticized the country's reclamation work in spratly islands, all eyes were on japan's response. >> reporter: one of the highlights of the meeting also known as the shangri-la dialogue was the strong stance u.s. took against china in the south china sea. they demanded the reclamation work stop immediately. >> with its actions in the south china sea, china is out of step with both the international rules and norms that underscore the asia-pacific security architecture and the regional consensus that favors diplomacy and opposes coercion. >> reporter: delegates from other countries also called for a diplomatic solution. chinese workers are turning rooef reefs in to land masses. the u.s. has stepped up reconnaissance activities in the area. they deployed war ships and patrol aircraft. china's representative justified the reclamation work admitting it was partially for military defense in addition to fulfilling its global obligations for maritime rescue. >> transla

. we'll explain. and the south china sea coming up in our week ahead segment a crucial meeting between the two governments is set to get underway. >> it has been tough. it's been rough. we've, some of us have been down right angry. but through it all god has sustained us and has encouraged us. let us not go weary in well-doing. >> turning back to our top story remarkable day at emanuel ame church in charleston, south carolina, where that community is trying to grief and make sense of nine lives in a church shooting last week. del walters now joins us live with what happened there today and what's likely to happen in the days ahead. del. >> reporter: you know if there is a single question that is being asked over and over again it is why. why did a man walk through those doors and open fire. where did the hatred come from. we had the rare opportunity to talk to a person who said he was just like that person dylann roof. the face he saw on television. >> 21-year-old dylann roof whose hate filled manifesto paints a picture of a white prem sis bent on revenge. >> i was very angry.

. we talkingr report, about the first nuclear power in china today. thee soaring after trading, shares suspended after hitting the daily limit. popular,e company so is it just cheap? just come at a good time. the markets in china are rallying. it comes in a good time. saying, this company has a distinct advantage in the domestic power industry, as well as strong earnings potential. especially at a time when china is hoping to expand its nuclear power industry. is showing atself presentation of china's nuclear ambitions. if you look at what they are hoping to achieve, for example, in 1558 gigawatts. 22 reactors, it has more then doubled capacity. how much money will that take to achieve that? $60 million every year to achieve that. the nuclear power firms are scrambling to get that catch out there in order to expand the resources. the red are turning to hot domestic equity market. chinese policymakers have said that would make it easier for private investors to get involved in sectors like solar energy, we are seeing them do this. power inlisting of cgn hong kong just in december. now c

of defense just addressed u.s. territorial disputes with china. we will explain the importance of the south china sea to the united states and show you why china's military is building up a number of artificial islands. >> on this father's day reconnecting, we will show you the program that is bringing prisoners and their children together again. >> today in charleston south carolina, the emanuel a.m.e. church reopened its doors. the sunday service was the first in the church since wednesday night when nine members of its congregation were shot and killed during bible class. del walters is live in charleston right now covering events. what are you seeing and what is the latest? some say what happened earlier today was nothing short of a modern day miracle. after columbine, it was four months before that school reopened for classes. when there was a movie theater shooting in colorado, it was six weeks before the theater again welcomed patrons. in sandy hook, the school was bull dozed. four days after that shooting when nine people in this church were gunned down, some say that was

payments looming this month. angie: also coming up this hour, territorial tensions. china and the u.s. step into disputed waters. they had a spirited discussion. a hands on approach. indonesian central bankers join farmers in the field, hoping to harvest success in the fight against inflation. plus, the art of communism. nostalgia fuels rising prices for soviet era work. all that and more in this monday edition of "asia edge." david: i'm david ingles. i'm keeping my eye on the markets. we are seeing mostly read this morning. s&p futures last i checked were up three or four points. you have a slew of economic data across the region. mostly pointing to mounting challenges, frosty regional economic landscapes here. the exports dropped in south korea for example. you also had a drop in building approvals in australia. a weak start for the week. japan we are down about 0.25% despite that dollar-yen is trading at a 13-year high. remember that the nikkei was up 11 straight days into friday. just dimension as well, oil prices, big move on friday. we are still creating near this year's highs.

many of the commodity export countries, the slowdown in china has had a big impact. whereas in 2000 china made up about 1% of total developing country exports. it's now the biggest trading partner with the entire developing world. there's a mixed picture. if you step back and say, so what about africa? despite ebola, africa continues to grow. and it grew all through the period after the crisis. i think there's still great prospects in africa. china will grow at about 7% this year. we think it's because they are going forward in a very controlled, thoughtfully done shift of the growth model. it's really impressive to watch. my predecessor wrote this great report, china 2030, with them. they really talked through all the things they're going to do. we're going to switch our growth model from exports and investments to services and consumption. they're going through with it. we are not surprised that they have a 7% growth rate. again, it's having a lot of knock off effects. we're really impressed with india. india, for the first time in 15 years, it's going to have a higher growth rate

and a divided center-right. we have got the analysis. anna: 6:00 in london. let's head to china. factory orders stabilizing. suggests the monetary easing could be questioning the economy. let's get more from stephen engle. good morning. reasons for optimism perhaps? stephen: there is. it is lifting the chinese stock market today. the shanghai composite index up some 2%. let's start with the pmi data. the latest manufacturing data shows that slow down may have bottomed out. that interest rate cut are starting to work into the real economy. the reading was 50.2. it is not a robust expansion. it is only slightly better than 50.1. within the pmi, we encouraging signs. output. new orders. new jobs. it indicates growth is stabilizing. the market is reacting to that. a separate pmi represented mostly private enterprise was also improved, but is still in contraction territory at 49.2. encouraging signs. anna: those pmi numbers are around 50. what about this other story you look at the local bond to swap program? stephen: this is extremely important to the reform agenda and getting the m

cyberattacks against insurance providers anthem and primera blue cross china is lashing out in reaction to the u.s. accusations. the chinese saying the united states charges are groundless and irresponsible. tonight we look into why the obama administration is failing to protect u.s. government servers and critical classified data of all kinds. two of the country's leading cybersecurity experts. bruce parkman and kevin mandia join us to examine why the government seems defenseless all but helpless against increasingly powerful cyberattacks? >>> also tonight, we have to add another misadventure to the long list of the administration's foreign policy and intelligence failures. a government effort to turn the taliban five into double agents resulted in what sources are describing as a total failure. what we don't know nor understand is why we're learning of the failure at all? we'll try to get to the bottom of the matter here tonight general jack keane is among our guests. >>> we continue our report on the left wing campaign against the nation's law enforcement officers and agencies. skyrocke

help cael companies doing business in china. california has a big wonderful diverse economy. we are the 7th largest economy in the world so i'm looking at things in technology, agriculture, maritime industry, moving making that is a hot topic between china and california right now, manufacturer, biotechnology. there are a variety of things we do to promote the state of california. we are promoting the states investments into california by having various hosting delegations both in china as well as in california. i am out promoting as many places that i can. i'm speaking all the time in china. it is amazing how powerful the states name is and having a business card with state seal on it is very very powerful. i'm invited and incollided in a lot of things. compared to other states my challenge is not business development. i'm overwhelmed with opportunities. my challenge is to sort through opportunities to pick the right ones and notd waste time and energy so that is a key challenge. believe me, that is not the case with a lot of other states. a lot of other states have to work very ve

run for a third term. >>> the philippines has been campaigning against china's construction of artificial islands in the south china sea. some filipinos in china say they want to see more friendly relations. marga ortigas reports. >> this service from china radio international 50 years old but it's facing challenging times. >> the filipino survey aims to bridge cultural divide among chinese and filipino people. and to enhance their friendship and mutual understanding. >> reporter: that might be the mission at cri's editorial meetings but the divide between china and the philippines has never seemed wider. china is shaking up the region by be building controversial islands in the south china sea. it's been over a year since the philippine government brought the lawsuit. china has refused to participate in the process insisting it has indispoous annalindisputable rights to the water. speak country to country without what it calls outside interference. filipino classes have recently been added to the beijing university a school known for creating diplomats. it aims to develop an e

disagreements through better communication. they are meeting face-to-face at the annual u.s./china strategic and economic dialogue in washington. u.s. vice president joe biden alluded to the work on the disputed spratly islands in the south china sea. >> the notion of sea lanes being opened and protected is even more crucial today than any time in human history. nations that discard diplomacy and use coercion and intimidation to settle disputes or turn a blind eye to others only invite instability. >> chinese state counselor says the freedom of navigation around the world is necessary for the two nations. he says it's needed to develop the economies and trade. and he says china will ensure that freedom. yang did not directly mention the south china sea, but reiterated that the reclamation work is legitimate. the u.s. delegation is cochaired by secretary of state john kerry and treasury secretary jack lew. the participants will discuss a wide range of topics during their two-day meeting. >>> people around the world think china is set to eclipse the united states as the dominant glob

than where the central bank wants it to be. china's output, for the first time, is the bull market, driving up costs and squeezing profits. the china iron and steel association expects out -- output to fall 2%. producers are being hit -- hit with rising costs. iron ore prices up 19%. taylor swift says apple music, she has pulled her latest album in a row over compensation. what is your beef? afford toswift can have subscription services of her own. she is worried about musicians who are not in the kind of position she is. at the end of the month, apple is launching apple music. my $ he nine cents per person, and you can download their songs. they are trying to learn people in and not paying artists for the person -- the first three months. taylor swift says, that is not fair. this not for herself, but because she thinks it is unfair for the people in the music industry. it is not too late to change the policy, she says, and change the minds of those in the industry. be says musicians will gravely affected. provideon't ask us to music for no compensation. she is becoming one of the

a $10 million bet on china. all of that ahead on "bloomberg west." first to our lead -- ellen pao versus silicon valley venture capital firm kleiner perkins. a judge has ordered pao to pay twittered $76,000 in legal fees to her former employer after losing her gender discrimination lawsuit. they said today that the ruling was fair. the case sparked debate about equality for women in business and especially the tech industry worldwide. i spoke to john doerr in an exclusive interview for tonight's studio 1.0, their very first sits down since the trial. i asked about reactions to the verdict. >> i am sorry that it has been so hard for my entrepreneurs and partners to go through this, but and sorry that it is hard for minorities in the tech industry. i have two daughters. getting to a 50/50 world where they and everyone can participate is super important. emily: ellen with someone you personally brought into the firm. how did you feel when you found out she was suing you? >> i was sick. it was painful. ellen was a good chief of staff. when i read the charges, i knew from that very mom

this wednesday: despair and anger in china, as divers race to rescue any survivors trapped in the hull of a capsized ship sinking deeper. >> ifill: then, we take a broader look at asia's rising superpower, with former treasury secretaries henry paulson and robert rubin, who say we should be strengthening ties with china. >> i think we would benefit greatly from chinese investment in this country and i think we should be proactively seeking it. >> woodruff: plus, sticker price shock: why the cost of health care could skyrocket for some americans come 2016. >> ifill: those are some of the stories we're covering on tonight's pbs newshour. >> major funding for the pbs newshour has been provided by: ♪ ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. at lincoln financial, we believe that you are the boss of your life. the chief life officer. in charge of providing for loved ones. growing your nest egg. and protecting what matters the most. lincoln financial is committed to helping you take charge of your future. life, income, retirement, group benefits, and

china. all of that ahead on "bloomberg west." first to our lead -- ellen pao versus kleiner perkins. a judge has ordered pao to pay legal fees to her former employer after losing her suit. the case sparked debate about equality for women in business and especially the tech industry worldwide. i spoke to john doerr in an exclusive interview for tonight's studio 1.0, their first should chat since the trial. i asked about reaction to the verdict. guest: i am sorry that it has been so hard for my entre norse and partners to go through this, but i am sorry that it has been difficult for on turnovers in check. i have two daughters. getting to a 50/50 world where they and everyone can participate is important. emily: she was your chief of staff were her mentor. how did you feel when you found out she was suing you? guest: i was sick. it was painful. ellen was a good chief of staff. when i read the charges, i knew from that moment these had no merit. emily: how will where were you -- how aware were you of situation? when she was there, how where were you that she was unhappy? guest: i would

haven't forgotten about china, how is that looking? >> well that's another really big story for global markets. the people's bank of china cut rates to record lows over the weekend, which did cause the composite to open 2% higher on monday but went through wild swings yet again falling 7% and then climbing a touch to end still down 3.3%. it's lowest finish in 2.5 weeks. shanghai composite has fallen 20% from its june 12th highs and according to analysts, it's wiped off close to 1. $2 trillion from the value of the composite index. with the markets still in the state of flux or confusion over greece and of course the unsettling china markets to look forward to and the u.s. jobs data, it's a lot for investors to weigh and measure. so it's going to be an eventful week and just we're on tuesday now so quite a few days left back to you. >> absolutely. we'll touch base with you in a few hours. thanks for that report. >>> officials from 57 nations gathered in beijing for the inauguration of the china-led asian investment bank on monday. the bank is expected to start operating by the en

, please follow us on twitter. evidence that china's economic slowdown is turning the corner. the hsbc numbers for june came in better than forecasted. steve, better but still contracting. : the preliminary number ahead of the final number coming in at 49.6. 49.4. 49.2 and it may, has been showing signs of improvement ever since that 50.7 in february. it is getting better, it is still in contraction. there have been signs of improvement on the job front. it is still contracting however it is not contracting as fast. have been and output improving. we have been seeing signs of improvement but the chief china i caught him in the corridors here, he said he expects at least one more 25 basis points interest-rate cut from the pboc by the end of this month. that means within the next week another interest-rate cut is coming carry we are not out of the woods yet but at least things are indicating that we have reached the bottom of this current slowdown. we will have to wait and see. yvonne: thank you steve. let's get the market update from david now. trading havento you seen any reaction to t

at work. two major rulings at the supreme court. china's apparent military expansion rattles the u.s. and its allies. a dramatic voyage for a group of refugees. the week ahead in politics with amy walter and tamara keith. and a look inside how the islamic state group recruits. >> ifill: after a weekend of intra-party wrangling, the senate allowed three key provisions of the post-9/11 patriot act to expire at midnight. the three national security agency programs targeted by kentucky republican rand paul permitted: the nsa to collect sweeping bulk collection of phone data... the agency to use roving wiretaps to track terror suspects... a so-called lone wolf program to track suspects outside terror networks. to examine what happens now, we turn to charlie savage, who covers national security for the "new york times." so, charlie, tell us as succinctly as you can what this laps we saw dramatically happen last night, what does it actually mean? >> well, it means that right now for the first time in nearly 14 years, when americans pick up the phone and call somebody call their friend or lo

>> wrong numbers. htc shares plunged to a 10-year low. sales forecast blaming weak demand in china. crying out for change. deutsche bank installing new leadership in a bid to revive its forces. class wwarar. we meet the boss of and all business airline promising to shape a corporate -- shake up corporate travel in this monday edition of "asia edge." shery: keeping an eye on the markets. asian stocks declining today holding added two month low. the nikkei reversed earlier gains and went on a lunch break .2% lower. japan's current account balance for april came in lower than estimates. although its final first-quarter gdp data came in lower than expected. the han seng index down .1%, falling for three consecutive days. the lowest level in two months. we are seeing this downbeat sentiment. s&p futures trading lower. of course, a different story in shanghai. still managing to stay in positive territory. although slightly unchanged from friday, but remember, on friday, the shanghai composite closed above 5000 for the first time since 2008. it is still trading above that 5000 level. back

. thank you. >> woodruff: authorities in china called in scores more divers today, hoping to reach and rescue more than 400 people still missing on a capsized cruise ship. tornado-force winds literally blew the vessel over late monday, as it sailed up the yangtze river from nanjing. only 14 people have been found alive, and families are demanding answers. lucy watson of independent television news filed this report from the scene. >> reporter: the wait to be told anything is agonizing. all li ling and her family want is to be taken to the river to see where their parents could be. but they're being stopped. "i haven't been able to close my eyes or sleep since it sank. we've been told nothing. anything we know has come from the internet. i just want to go to the water to see it for myself." >> reporter: but, if she could get there this is what she would see. the reality of recovered bodies atop a mighty vessel now barely visible. apart from a few moments of triumph and rescue yesterday this operation has been hampered by a strong current, murky waters and bad weather after this country'

put in place them a but effectively -- sherry: not just degrees, but we have talked about china this morning. there is a possibility for more rate cuts. >> the liquidity we think for the rest of the year remains forthcoming, so we expect to triple are cuts and we expect another rate cut, so it is also difficult to make a case that the market should come down even though valuations look high. sherry: can't forget about the fed decision due later this week. this is that national australia bank they expect to raise rates later this year. >> no one is expecting a rate rise this weekend, but i think there will be interest in the points, the individual projections as to where they think rates will be at the end of the year and subsequent years. at the moment, it is at .5-.75 and there could be tight means that tightening's. sherry: and now a closer look at stock movement today. hinted at shares in hong kong prada. zeb: we will look at prada. these luxury retailers have been hit hard by the slowdown in china. we used to see lines of evil waiting outside of -- lines of people waiting outside

condolence payments to the victims' families. >>> an artist in china is continuing a fight he began 26 years ago. he saw the government's crackdown on pro-democracy demonstrators in tiananmen square. while that's suppressed most calls for greater freedoms, it only strengthened his. nhk's takeshi togawa reports. >> reporter: citizens are appealing for democracy and freedom of speech on the internet. >> reporter: these images were taken by chinese artists. he has interviewed more than 400 people so far. >> translator: our society has problems. through my interviews, i want to clarify whether they are systemic or human problems. >> reporter: he was a university student at the time of the tiananmen square incident. he joined pro democracy movement and witnessed firsthand how the government shut up citizens' voices with force. yang wants to see a democratic society in china. he's using his camera to capture and spread the voices of people. in addition to his internet postings, he has put some books together to reach out to as many people as he can. he used publishers in hong kong since he c

cautious ahead of extended talks between eurozone finance ministers later today. in china the shanghai composite plunged about 3.5% to 4,527 after two days of gains. investor sentiment remains unsettled after the index tumbled 13% last week. but investors in taiwan were bullish ishish pushing up the taiex. semiconducts and other high-tech firms led the rise. other markets in the region ended lower. hong kong lost nearly 1%. indonesia is down by .7%. and seoul's kospi finally ended its six-day winning streak. >>> aifpeach aviation is becoming the first to come out of tokyo. the low cost carrier will offer flights between hanada and taipei. the service will begin on august 8th. two low cost airlines are already providing international flights out of hanada. >>> japan has lost 53 local train lines over the past two decades largely due to a declining population. but rather than thinking about the loss some communities are trying to bring the trains back to life in a different guise. >> reporter: here's a sight you don't often see. a train carriage hitching a ride on a huge trailer

or intentional? the tiananmen square incident has been a highly sensitive issue in china. rishaad: another story we are falling in indonesia, the country is using drones to catch tax evaders. later on the program, concerns over his food safety in india after high levels of lead or found in instant noodles. the latest from mumbai after the break. up, makingo coming stars out of stripes, talking to the ceo. ♪ rishaad: let's look at the technology stories we are following. china became apple's biggest market for downloads as more developers produce apps and mandarin. china still lags third behind the u.s. and japan as a source of cap revenue. -- cap revenue. -- apt revenue -- app revenue. they value it acquisition of $5 billion. they hope it will replicate the success they had with alibaba, he had a stake 15 years ago worth more than 70 billion now. deals, the ceoh of hsbc says it plans to split into two, hewlett-packard will focus on cloud security and software, while the other unit will focus on printers and pcs. moreere will be some restructuring costs as we continue to be effec