if the u.s. economy shifts further, it is the real change we are going to face with and it will drive investors more into liquid assets, gold, etc. until there is resolution. now we are learning this resolution has become very abandoned in the sense that it takes a lot of time to get to this real deal even though there could be agricultural process this -- agricultural purchases happening in between. so it is a conservative stance. paul: we talked about the fed and trade, but another big piece of the puzzle is hurting's. how do you see earnings season playing into this so far? expectations weren't terribly high. ben: they were not high. it was a year on year factor after the tax reform last year in the third-quarter markets with a sense that earnings slowed down this year. there have been some surprises though, performing better than people thought. going forward from here the big question remains is how the global economy fares after this latest development because if they have factored in the r

censured by the u.s. government that there was a busy possibility that the foreign ministers would be created that there was decision was put on hold by the u.s. government and we had thought that the decision was that we considered that now it appears that is not to chase the foreign minister in south was at a cabinet meeting earlier on wednesday we talked about how the u.s. policies affected the nuclear agreement now what we're hearing is that the one of the things made was that the reason is not considered a decision encouraged significant decision maker in the islamic republic that is in fact the office that he is considered to be a favorite. diplomat with the highest authority in iran the supreme leader over and over again surprising that i probably have stated how thankful he is been for the efforts of the foreign ministry and the foreign minister in the signing of the nuclear cream and the efforts that have been named by that department let sideline the job serif the negotiations that came to the a

the u.s. house of representatives will gavilan shortly for what's expected to be a short pro forma session, starting at 12:30. we will have live coverage when they gather will -- they gamble in. while we wait, a conversation on the current business climate in china with the trade tensions over tariffs. the u.s. china business council is the host of this event. >> good morning ladies and gentlemen. if you will kindly take your seats. latecomers will be accommodated. there are handovers over on the right you will want to have with you or take away with you. please help yourself to some coffee. welcome to use china business council. this is a press conference talking about our annual member survey, and it will be done in three parts. the first part i will introduce our president craig allen, and then after that our senior vice president jake parker will walk you through some of the highlights of the survey and then we will open it to questions. so at this point it's my pleasure to introduce you t

the u.s. military shows how munitions and weapons are stored supplies for fighters in syria mali or afghanistan. paratroopers practice jumping fighter pilots set off from here on their missions to africa asia and the middle east. defending germany only plays a smaller role according to this expert and the u.s. . and this is not true. of course as a bit of protection but at the same time his teaching importance of ramstein for u.s. foreign policy and security policy must not be underestimated. and it's not just the air base the biggest american military hospital outside continental united states is also nearby doctors and health care workers train here for emergencies and for working in a war zone wounded soldiers are brought here from all over the world. soon they will be relocating not to poland but closer to the airfield. a new hospital costing around a $1000000000.00 will be built more modern and better equipped forest at the edge of the airbase has already been cleared. the mayor of. the l

also the u.s. says new sanctions against venezuela will cut off financing for president nicolas maduro america has frozen all venezuelan government assets blocking u.s. companies and individuals from doing business with a ministration. the police chief has apologized in the u.s. state of texas after 2 white officers on horseback black handcuffed down a street by a rope galveston's police chief says his officers showed poor judgment. while staying with the u.s. the president has shrugged off fears of a protracted trade war with china he says investment is flooding into america that the economy is strong trump made the comments today after the u.s. treasury accused china of career. manipulation a white house correspondent can believe. a strong economic position that's the claim the trump white house made amid an intensifying trade war turned currency dispute between the united states and china america's job for business america is open for business it's been a week of back and forth between the world

next, u.s. south korea relations. in this portion, u.s. diplomatic and military officials themselves in caps off korea talks about the evolving nature of u.s. south korean alliance. >> congratulations on a really remarkable year. it's a great honor to be back here again with such a distinguished panel. i think people, this panel needs no real introduction but quickly got off the line. the most famous in history in terms of diplomacy. vincent brooks, the last commander, we were close at the pentagon, well done and getting us to that.neck. along distinguished career in the military, punctuate it by the head of all army forces in the pacific. several tours in iraq and the middle east. max, we are lucky to be graced with one of the preeminent historians analysts of the exercise of american foreign policy. we are really lucky to have him here. it's a prolific use of articles and books you have written which are claimed at the highest level. make you for being here. victor, we saw the accolades, welcome back to your home court. i'll get us under

it is not just u.s. trade tension but globally, japan, south korea. u.s. versus europe. there is some concern the central-bank mission is getting less and less. global central banks are starting to disappoint. fromn see the reaction markets. to beat market expectations. >> what do expect from the u.s. jobs number and how important is it? expect continual solid job growth. north of 150,000 jobs created. i think it is important jobs report that it is being overshadowed by the trade escalation. we think it is a very strong number. would be probably disappointed. they may look for weaker data. it will be watched closely. the trade tension is going to dominate. , gotu studied economics your mba at cambridge. most interestingly to me, you have a certificate in econometrics. when you look at the inflation numbers, the unemployment figures, the growth, what is your assessment of the strength? the solid strength of the u.s. economy? u.s. economy is pretty solid at the moment. numbers 4%. out isent data coming all very strong. that is the biggest part of the u.s. economy. we think

a deal for the u.s. to export more beef to the e.u. so does it help american farmers call the u.s. trade dispute with china and put it ease trumps animist for brussels. also on the show an escalation in the train route between japan and south korea we'll tell you why seoul is fuming. and what can a 2000000 euro real estate investment in cyprus buy you other than some nice digs tell you. this is your business report i'm stephen bears in berlin thanks for joining us u.s. president donald trump has signed an agreement with the e.u. to increase american beef exports into the bloc it's a rare bit of positive trade news from a president who hopes to extract even wider concessions from europeans later this year and it comes one day after the president announced new tariffs on china a move expected to hit american consumers hard and prolong a trade dispute that has been especially painful for american farmers. after german cars and french wine u.s. president almost trumps most recent beef with the european union was with well before the u.s. had long found it hard to export its meat across

the u.s. government is building new detention centers to hold asylum seekers crossing the border from mexico the government says new arrivals are well cared for but several children are among migrants who've died in custody jocasta reports from el paso texas which is on the front line of donald trump's heavily criticized immigration policy. across from an el paso shopping plaza down a suburban street is a detention center for migrants this is now part of life along the u.s. mexican border that which is warm allies is not protest against that which is normalized simply because it becomes an omnipresent the number of people who've been captured or turned themselves into the u.s. border patrol has trucked for more than 100008 month 272000 in july in el paso that's still 6 times higher than a year ago over the summer the government was criticized for keeping people under bridges and in overcrowded facilities but with emergency money from congress new detention centers are now being built u.s. cust

well the u.s. president is also unhappy with germany at the moment for not spending enough on defense washington is putting pressure on the. in to meet the nato target of 2 percent of g.d.p. that is despite very germany revealing it spends hundreds of millions of euros just on u.s. troops stationed in the country germany's current expenditure is 1.4 percent that's about $47000000000.00 euros in comparison greece does and does meet the 2 percent target for athens that amounts to just fall 1000000000 euros peter oliver takes a closer look. it's been a refrain of u.s. politicians for quite a while now germany must spend more on its military under president trump that referring has turned into a crescendo you know you talk about germany i mean germany obviously is not paying their fair share do you think germany is doing enough to meet the 2 s on target you know. what should germany do they should meet the goals that they agreed to we have 52000 troops in germany. and germany is not living up to what t

in the u.s. head of ways we're going to get to having such a slot lineup many smart lineup smart community we have a lot of researchers academics and i mean any of that comes as no surprise to you but i want to start there because a lot of people sharing personal stories with us about the hardships they face trying to get these visas i'll start with she is a post doctoral fellow at the university college london and here is the hurdle that she faced unfortunately creasing restrictive the policies of united states such as the travel ban has made it impossible for scientists like myself to attend conferences and workshops in the states where we can have a dynamic exchange of our findings and ideas for instance last year could not attend the biggest meeting in our field to present my work and again just yet despite the fact that i'm invited there to give a talk i cannot go and i am sending a prerecorded presentations that also to pass a could not attend job interviews of us or system situations becau

ji which is a u.s. ally in the battle against ties or is considered a terrorist group by ankara president or one who said he was losing patience with washington over the setting up of a safe zone in northern syria well amid turkey's threat of another offensive the us a sense of port to its allies in coming in syria this convoy of trucks is believed to be heading to why p.g. and s.t.'s fighters more than $200.00 trucks reportedly carrying equipment and military varicose has the latest. mr. a 2nd day of talks between military officials from the united states and turkey they are trying to establish a safe cern in northern syria but so far no signs of any real progress we have heard though from voices from the sidelines including mark esper the u.s. defense secretary who said that it would be unacceptable for turkey to stage any kind of unilateral incursion into northern syria east of the euphrates he said that it wouldn't be in the common interest of the syrian democratic forces made up largely of kurdish

the u.s. president amps up his trade war with china. live in beijing with reaction. >>> donald trump heads to france for the g7 summit. sources tell cnn he is not too keen on attending. >> this is not new rhetoric. we have a president, now, who speaks plainly. >>> remember when donald trump said he was the chosen one? voters talk about whether the president's behavior will affect their votes in the next election. live from the cnn center here in atlanta, great to have you with us. as we speak, the u.s. president is playing over the atlantic on his way to the g7 summit that gets under way in the coming hours. president trump is not a fan of the international forum. he considers it a waste of time. but he is going reluctantly. the trade dispute between washington and beijing rattled markets. he increased tariffs on imports after china imposed new imports on american goods. that sent wall street into a panic. the dow plunged and closed down 623. before leaving the white house, the president claim

we've seen pretty significant outperformance of non-u.s. stocks versus u.s. stocks. george: i don't think the trade issues specifically are doing much to drive large flows. for instance, indian these as opposed to the u.s. , if wely speaking, e.m. are seeing a global growth uptick, you would expect e.m. to outperform. we have seen tentative signs of that. we've been looking for that for quite a while and have been disappointed, so maybe this isn't the point where things start to outperform, but in terms of relative performance, the trade war stuff is going to have lots of idiosyncratic impacts on specific companies, but in terms of the aggregate asset cost level, e.m. is going to be much more driven by the sentiment around the global economy and the asset class. i don't think the trade war stuff is going to make the u.s. market less attractive, although that may be true in individual basis. renita: full of that information when it comes to the dollar. -- muhammad ali area cap saying don't phase the dollar out. do you agree? george: i don't agree that there's no reaso

the u.s. congresswoman who's planning to visit to 90 year old grandmother in the occupied west bank has said she will no longer be making the trip to announcement comes of israel granted her a visa on humanitarian grounds overturning the earlier decision to deny or entry the democratic representative conduct though what she called televisa undemocratic and oppressive policies. but never mind the only they're talking about 17. 1000000000. dollars. now he's working the story this is the. televisa original decision to bar access to representatives or she did to labor in illinois came donald trump's request it was then defended on account of support for a boycott against israel a position that's illegal where it was unprecedented actions have triggered nagra response from many in the states israel doesn't advance its case as a tolerant democracy or and the very u.s. ally by barring elected members of congress from a visit in because of their political views i strongly condemn this decision by the

u.s. preparing to bring back thousands of troops from afghanistan. the trump administration negotiating a peace deal with the taliban right now. two sources familiar with negotiations say the number of u.s. troops in afghanistan would shrink from 14,000 to between 8 and 9,000 in the coming months. a spokesman says the move is part of the administration's push to end the war in afghanistan which has dragged on for nearly 18 years. this has been a signature issue for president trump going all the way back to his days as a candidate in 2015. here's what he said just last month. listen. >> we're like policemen. we're not trying to fight a war. if we wanted to fight a war in afghanistan and win it, i could win that war in a week. i just don't want to kill 10 million people. does that make sense to you? i don't want to kill 10 million people. i have plans on afghanistan that if i wanted to win that war, afghanistan would be wiped off the face of the earth. it would be gone. it would be over lite

u.s. attorney general william remove the acting director of prisons after the suicide of jeffrey ups thing we discussed in the conditions at the jail where upstream took his life with his former lawyer that's fundamentally wrong with that is that jeffrey have seen did not belong in that facility to begin with. the u.s. military announces plans for new intermediate range hypersonic missiles after pulling out of the i.n.f. treaty with russia and test launching a new cruise missile. from moscow thanks for joining us in our international diner hawking's with you tonight welcome to the program. more than a year of tensions in italy's ruling coalition after come to heads with the italian prime minister resigning after the country's interior minister. called for a vote of no confidence once again leaves italy in a deep political crisis. well that resignation over its lease prime minister said because they had been widely speculated for the last few days and now it's happened to force plunging ita

conservative activists in the u.s. is celebrating after a court agrees to reconsider its censorship case against tech giants like facebook and google. crusher in the u.s. trade accusations at the u.n. security council over the collapse of the i.m.f. arms control treaty. in accusing russia the united states and the countries that grunt along with it are ignoring facts and common sense the united states will not remain a party to a treaty that is deliberately violated by russia and a ship captain who faces jail for saving my can from the mediterranean has turned down a french bravery or accusing paris of hypocrisy that is european states to wrangle over what to do with new comes. there is midday here in moscow you're watching r.t. international that conservative activists in the u.s. is celebrating after a court agreed to reconsider censorship case against facebook google twitter and also apple those bringing the lawsuit accused the tech giants of bias and of suppressing content from the conservative end of the political

was a u.s. ally in the battle against i saw what is considered a terrorist group by ankara no one said he was losing patience with washington over setting up a safe zone in northern syria there are talks on that happening in korea at the moment here is need in istanbul to take us through this 1st of all let's talk about those talks in what exactly is the safe zone where exactly are we talking about. well it's the 2nd day of talks between u.s. and turkish officials in and career they are trying to revive hopes of creating this all important safe zone in northern syria but so far no indication of any progress no sign that both sides were paired to work together going forward what we have heard though of comments from the sidelines firstly from mark asper the u.s. defense secretary who said as you said that it would be unlike scepter pull for turkey to stage any kind of unilateral incursion into northern syria east of the euphrates he said that that would be counterproductive and against the joint

the u.s. at their word that they had constructive talks. the assumption was august would be a pretty quiet month while we await further meetings, but with a series of tweets today, trump changed all of that. as their own reporting showed, not only did this happen in the middle of the night for china, there was no advance notice from the trump to beijing that they planned to take this measure. lighthizer a mnuchin apparently knew when they went to beijing for these talks that it was an option that trump may consider, but the decision was made in a tweet today. other than the markets being surprised, even the chinese government may be surprised when they woke up this morning. wasie: the announcement abrupt. there is still ambiguity when it comes to the timeline and when that increase to 25 percent perhaps could come through. where can we muddle through from here? as you said, the chinese market also getting taken by surprise. sarah: absolutely. trump has the power to put this 10% tariff in place

the u.s. confirms carrying out the 1st test of a cruise missile previously banned under the terms of an arms control deal signed between moscow and washington over 30 years ago. the us attorney general william bass sax these are right through prisons. after the suicide of geoffrey epstein we discussed the conditions at the jail where he took his own life with his former lawyer and a british social media network aimed at young british muslims has been revealed to be part of the u.k. plan to tackle radical ice action. good morning welcome just going to 8 o'clock here in moscow you're watching international. the u.s. has conducted its 1st test of a 500 kilometer cruise missile a type previously banned for over 30 years under a now defunct arms control treaty between moscow and washington artie's kellam often reports now from new york. we have official word from the pentagon that indeed there has been a test of a missile that would have violated the intermediate range nuclear forces treaty that tr

and officials say there's some 800 u.s. installations are located in up to 80 countries around the world for the sick duties of the let's say the number could be hugely understated they insist a special report should be included in the 2020 national defense authorization act it's meant to increase transparency and to avoid excessive military expenditure. i spoke to investigative journalist david swanson who thinks it's normal for taxpayers to want to know where the money's going the u.s. does something very strange because it both brags about its reach and its extent of its dominance of the world and tries to hide it and cover it up as so if you watch a sports event on t.v. in the united states they thank the troops for watching for $175.00 countries and there's lots of celebration of that but if you ask in washington d.c. exactly where are the bases and what are they costing and what purpose therefore it's very hard to get answers this is not a radical claim of proposal that the u.s. public ought to know where it's for wha

drone and according to the u.s. sabotaging oil tankers, risking accidental war iran's national security chief saying the risk of war is low, but he warns -- >> translator: in the case of war, the u.s. will be in a very terrible situation. to defend its interests? >> translator: iran has multiple instruments at hand including the proxy war. >> reporter: as you can imagine the sanctions and the tensions are on everyones' minds here on a daily basis and certainly in newspapers i don't speak persian, but i'm told this headline has to do with foreign minister zarif in northern europe right now trying to gain support against the sanctions. this is talks about president rouhani and warning about foreign forces in the region everyone we spoke to was talking about the showdown reza and zara invited us into their home a few months ago there was great concern that there could be war between your country and mine. were you worried about that? >> some people are worried she was worried. she was very worried >> we meet ali and ma

u.s. is up 2 basis points. cheryl: a little more confidence in stocks there. lauren: we just saw that jump up a bit. cheryl: the trump administration rolling back obama era rules on the oil and gas industry and the energy march hmarket and the traders ae watching the headlines closely. we've got a bump a half a percent on crude. lauren: asian markets mostly lower, the shanghai composite down a tenth of 1%. china indicating it won't retail retaliate against the newest tariffs that will go into effect on sunday. cheryl: we've got pressure on the u.k. ftse this morning after the plan to suspend parrel plant raised the likelihood of a no deal brexit. iitaly will likely be forming a new government. lauren: a lot of politics going on, moving markets. our top story is hurricane dorian, millions along florida's east coast are bracing for impact as dorian strengthens in the caribbean, it's a powerful strong. it buy passed -- bypassed puerto rico and it's taking aim at the sun shine state. cheryl: a

and the u.s. after meeting with u.s. president donald trump rob is on a 3 day visit to north america they campaigners say leaving the european union will allow britain to sign its own by lateral trade deals with other countries the e.u. is the u.k.'s biggest trading partner. courier service fed ex is ending its deal for ground deliveries with e-commerce giant amazon fed ex is allowing its contract with the online retailer to expire at the end of the month amazon is building its own cargo hub in kentucky analysts say the tech giant could be planning to build its own delivery service making it a potential competitor to fed ex fed ex says amazon only accounted for a little over one percent of its revenue. and as a way lad has accused the u.s. of economic terrorism and of trying to torpedo peace talks after the trump administration ordered a freeze on the country's u.s. based assets under the sweeping measures any foreign entity doing business with the government of venezuela could face u.s. sanctions. in caracas the chemo t

the u.s. says tough new sanctions will choke off financing for venezuela's president the united states is frozen venezuelan government assets blocking all american companies and individuals from doing business with president nicolas maduro administration and its supporters the measure is the 1st of its kind against the government in the western hemisphere in more than 30 years u.s. national security adviser john bolton has warned the sanctions will be imposed on anyone who supports us. president trump has taken a very strong lose here imposing these sweeping sanctions putting a full block a full freeze on all assets of all parts of the government of venezuela in the us and also imposing sanctions or set of the. situation to impose sanctions on any person or business that goes significant business with the government of venezuela so this goes well beyond anything we've done before and it really is a very strong move by the pros. but. is following all developments a pretty wide ranging sanctions

u.s. is in a strong position as the trade war with china intensifies over the value of the one . the us paul's more pressure on than as well as the country's foreign minister denounces a criminal economic blockade. we remember the life and work of nobel prize winner toni morrison who died tuesday at the age of 88. hello pakistan is vowing to exert maximum pressure on india over the crisis in kashmir that's after new delhi stripped indian administered kashmir of its autonomy prime minister imran khan called on the world to take notice of india's moves to change the status of the disputed region. you know india went against the 17 resolutions of the united nations security council she went against the united nations general assembly resolution and they went against the agreement they have taken a decision in which they want to change demographics of kashmir meanwhile india's lower house has pushed through legislation to split indian administered kashmir into indian troops the area on lockdow

the same for u.s. futures after the s&p dropped last week, its worst week since the december selloff. we saw a weekly loss for european equities. a similar picture in asia. juliette saly can tell us more. juliette: a terrible start to the trading week. big moves coming through in equities and bonds in asia. the csi 300 down by 1.4%. hong kong's hang seng off by 2.8%. the msci hong kong on track for its lowest -- longest losing streak since the 1997 andover. protests denting sentiment. the pmi right out of hong kong showing a slowdown in the economy. the nikkei off by 1.7% on the close. it's worst today drop since december. south korea's kospi and the won tumbling. australia's market had its worst session since december. all these trade concerns, and what we are seeing in the yuan weighing into sentiment. set the you one weaker than 6.9 for the first time this year. can is onshore where you see they had that big move-up 1500 pips from the u.s. dollar. big reactions coming through in the offshore. both c

the u.s. confirms it's carried out the 1st test of a cruise missile previously banned by a treaty signed between moscow and washington over 30 years ago. also this hour u.s. attorney general william bart sacks the director of prisons after the suicide of geoffrey epstein we discussed the conditions at the jail where he took his own life with his former lawyer. fundamentally wrong with that is that jeffrey have seen did not belong in that facility to begin with. and it's been revealed a british social media network aimed at young muslims as part of a u.k. government plan to tackle radicalization. you're watching are to international bring you your live news update from our studio here in moscow welcome to the program. the u.s. has conducted its 1st test of a 500 kilometer cruise missile type previously banned for over 30 years under a now defunct arms control treaty between moscow and washington. and reports from new york. we have official word from the pentagon that indeed there has been a tes

stock markets closed u.s. president donald trump announced via twitter starting on october 1st the $250000000000.00 of goods and products from china currently being taxed at 25 percent will be taxed at 30 percent additionally the remaining $300000000000.00 of goods and products from china that was being taxed from september 1st at 10 percent will now be taxed at 15 percent this was true. after beijing announced a few hours earlier that china will tax an additional $75000000000.00 worth of u.s. goods also starting next month that came at the end of an already tumultuous day earlier friday the u.s. president tweeted and order to american businesses move supply chains out of china immediately trump does not in fact have the power to command u.s. businesses to leave china but he does have leverage he can encourage them he cannot give them government contracts for example that if they're buying things from the government or strine a sell things through the government but no he can't he can't stop that the tweet sti

. >>> the u.s. president is downplaying talk of a recession after his economic advisers appear on sunday talk shows to call growing fears unfounded. >>> take a look at the scene in hong kong. hundreds of thousands of protesters come out in peaceful marches after weeks of violence. >>> and after a more than two-week stranded at sea, some migrants attempt to swim to an italian island. >>> welcome to our viewers in the united states and from all around the world. i'm rosemary church. >> i'm george howell from cnn world headquarters in atlanta. "newsroom" starts right now. >> good to have you with us. financial forecasters in the united states warn there is an economic storm brewing but u.s. president donald trump insists the weather is fine. analysts are raising red flags on a possible recession, but donald trump and his top advisers are downplaying their warnings. >> deny, deny, deny. that's despite a volatile week in global markets and growing concerns about a trade war with china. our kristen holme

helped the u.s. to become arsenal of democracy and use the selective service act and a lot of things were done by the u.s. government to help britain and its allies fighting the nazis. after the japanese attacked pearl harbor, they went away overnight, they were a united nation. would you comment upon that? >> that's a great question. it's a focus on a lot of my book. he was very focused on taking measures short of war. there was a need to keep america out of the war. they made very vocal statements condemning japanese and german aggression including the quarantine speech in 1937 where he talks about quarantine against aggressors but by and large, there was not public support for america getting what they saw as another european conflict. there's a lot of opposition on capitol hill from public area. they didn't want to see america get involved in this european or asian conflict between japan and china in brown's about was taking measures where he could to aid the allies. i'm writing about is this pro

and u.s. security simply has a different concern as american border forces are more focused on drugs coming in then weapons going out traffickers have adopted their business model. official data about trafficking is hard to come by but some u.s. gun sellers have come to attention such as this super store chain called academies . it keeps coming up as a purchasing point of weapons that have been trafficked to mexico u.s. agencies are limited by law as to what data they can publish but in 2011 a spreadsheet was leaked with thousands of gun traces and academy sports features very prominently academy schools comes up to nearly 100 traces some link to weapons recovered from the. now because the data is a bit old also conservation court documents and academy sports has come up again as a place where u.s. agencies have mounted an undercover investigation into the illegal sale of firearms . academy didn't respond to our interview requests but has denied any wrongdoing in previous statements adding tha

from a u.s. perspective which is their core market, it think you will hear a lot of the same commentary that you got out of lyft. >> a slight deceleration for uber in the second quarter, is it inevitable? there are tough comparisons. think also you have a law of numbers here as far as that is concerned. over time, you would expect to see a deceleration from both businesses. that being said, all eyes probably for over bank -- uber -- can they start making headway and show some signs of improvement? one important indicator to look out for is the contribution and that isber essentially the profit margin excluding a lot of the nondirect cost. we do think they are going to point towards improvement in the second half of the year with the potential for positive contribution margin in 2020. >> you are positive about uber and lyft in general. >> we have by recommendations on both names. that being said, there are enormous risks out there. the biggest risk has to be the competitive side of things. the com

pivot towards the u.s. they're going to see. more of the u.s. them as european neighbors and they're going to start seeing a much more aggressive. level of posturing from boris johnson who will be in the company of trump and who will almost be egging him on to start behaving in a way that's more u.s. friendly than a new friendly iran is just one of an increasing number of global issues where the 7 leaders are likely to have very difficult discussions the french president has already taken the unprecedented step of deciding not to seek a final communique at the end of the summit because he knows there are no words that will be able to sign up to. a number of other countries have been invited to this year's g. 7 prime minister narendra modi of india will be attending and the growing tension between his country and pakistan over kashmir is bound to be discussed growing trade wars are also leading to fresh rifts the u.s. and china's difficulties could further destabilize the global economy and here in france the new digital services tax which target

u.s. losses. the treasury bond yield at an all-time low. titus 10 year yield falls to 3% for the first time since 2016. a big mess, trade continues to be a primary concern as china's money supply grows. singapore's government slashes its forecast for economic growth. situation, hong kong chief executive carrie lam says dialogue with protesters can resume once the by log -- violence ends. pacific shares tumble as a cancel slides. afterr embattled leader argentina's assets plunged president mauricio macri warns against return to a previous regime. we havereatest problem today is that the alternative to the government, the kershner alternative does not have international credibility. i've been saying this for three nap years. international investors do not trust them. >> good morning. let's take a look at the assets across the world. after the news out of argentina and china. asian-pacific stocks look down more than 1%. after the retreats in europe yesterday in the u.s.. after that, in respon

now u.s. democratic lawmaker has apologized after pictures showing the mock assassination of president donald trump went viral illinois state senator martin sunda val's says an entertainment hired for one of his fundraiser events was behind the well the pictures were posted online by the sense of supporters who were at the fund raising 2 in the photos a man is pointing a gun at someone wearing a trump mask as you can see and they've provoked an angry reaction. from senator's son to vote for the detestable pictures from his event depicts going to source nation of president trump is too little too late it's inexcusable for an elected official to allow the promotion of violence in any way if the individual pictured is a star for overall interior they should be terminated immediately martin some duvel in illinois is further proof it is the democrats who are inciting violence i have yet to see a republican promote such violence every democrat should be asked if they support to disavow this. well we

next staying with the u.s. so the u.s. ambassador to her germany has criticized chancellor angela merkel's government for refusing to join a proposed naval mission in the persian gulf led by the u.s. richard grinnell said this america has sacrificed a lot to help germany remain part of the west germany is the biggest economic power in europe the success brings global responsibilities. and with me is that kid brady are a political correspondent sounds like payback time does he have a point to a certain degree yes and i think it's worth underlining as well the 2nd part of that quote that we saw just there from richard grinnell saying that germany is the biggest economic power in europe and with that comes responsibility and for a long time this is something that germany has really struggled with is what to do with this responsibility and whether it really has the stomach to take such a huge political move which would be to join this u.s. led a naval mission in the persian strait that germany is in a very difficult situation

and other headlines u.s. attorney general william removes the acting director of prisons that's after the suicide of just geoffrey epstein last week we discussed the conditions at the jail where upstream took his life with his former lawyer. that's fundamentally wrong with that is that you have reaction did not belong in that facility to the. united states confirms its 1st test of a cruise missile previously by and by treaty signed between moscow and washington more than 30 years ago. here with you tonight thanks for joining us on the program. more than a year of tensions in italy's ruling coalition have come to a head the prime minister has resigned after the country's interior minister. called for a vote of no confidence once again leaves italy in a deep political crisis. yeah. well that resignation over it's nice prime minister said because they had been widely speculated for the last few days and now it's happened to force plunging italy into a fresh political crisis in his resignation speech on tuesday o

the u.s. is planning to publish that final list of $300 billion in chinese imports it plans to hit with tariffs this week or early next. i also want to look at what is on tap today in terms of economics reporting. china's producer prices are coming in. bloomberg intelligence reporting the l .1% last month, signaling potential reemergence factoring deflation. china's consumer price deflation may have edged up and we will be watching for japan's second-quarter gdp, expecting growth probably slowed, expanding point or percent -- .4% quarter on quarter. paul: thanks very much. let's check in on first word news now with jessica summers. jessica: increasing worries of a international economies. a new survey suggests the probability of recession in the u.s. in the next 12 months has from 20% at the end of the last year. that's the highest among the developed group of 20 nations and is matched only by japan. president trump is taking fresh aim at the u.s. currency, moving scrappingser to long-standing

suggested the u.s. troops could pull out and relocate to poland but the some here at the moment that seems more like a hope than a threat peter oliver r.t. berlin. all right time to get stellar state of the art aircraft groundbreaking aviation technology and ship excitement is building in the russian capital ahead of the marks 2019 or a show which gets going on choose they corresponded quarter one the office sweep heat off the hip the sky. the russian team is preparing for an international aviation and space this is a major air show that's going to take place at the end of august and there's going to be there tech and pilots from countries all over the globe the pilots are going to be showing up their bets for this is bad and we were lucky enough to get invited to a plane to join one of those pilots so i hope you're not afraid of. them . but. after we returned in one piece our pilot constantine told us all about the international aviation and space so long. i have been training for more than 10 years an

and u.s. security simply has a different concern as american border forces are more focused on drugs coming in then weapons going out traffickers have adapted their business model all. official data about trafficking is hard to come by but some u.s. gun sellers have come to attention such as this super store chain called academies . it keeps coming up as a purchasing point of weapons that have been trafficked to mexico u.s. agencies are limited by law as to what data they can publish but in 2011 a spreadsheet was leaked with thousands of gun traces and academy sports features very prominently academy school it comes up a nearly 100 traces some link to weapons recovered from the. now because the data is a bit old also conservation court documents and academy sports has come up again as a place where u.s. agencies have mounted an undercover investigation into the illegal sale of firearms . academy didn't respond to our interview requests but has denied any wrongdoing in previous statements addin

u.s. president responds on twitter. >> protesters prepare to gather in hong kong and the chinese military forces conduct drills along the border. >> incredible moments captured on videotape. dale earnhardt jr. and his family escape a fiery plane crash. >> these stories are ahead this hour. >> cnn newsroom starts right now. 3:00 a.m. on the east coast. donald trump is slamming a democratic congresswoman after she turned down an offer from israel to visit her relatives in the west bank. >> they have been blocked by israel from israel and then israel offered permission to visit her elderly grandmother in the west bank but tlaib declined. >> that prompted the president to fire off this tweet saying the only real winner in here is tlaib's grandmother that she doesn't have to see her now. >> the back and forth over whether these two muslim congresswoman could travel to israel has been going on for several days. >> we get the latest from the story in jerusalem. >> it has turned into drama with ea

u.s. and china really having an effect on the region. cheryl: all of that is affecting europe. you've got major red across the board. the london market, the french market are down both more than 2% and germany a gain -- excuse me, a loss, a big loss of almost 2%. >>> investors facing losses at the opening bell. u.s. stock index futures down sharply following the drop in asian markets. increasing trade tensions between the u.s. and china to blame. traders pushing the sell button last week of after president trump announced the u.s. may impose 10% tariffs on another $300 billion worth of chinese imports as of september 1st. the latest round of trade talks ended with no may r juror pro -- major progress reported. president trump ordered the new tariffs even though there were clear objections from his own advisors. cheryl: peter navarro appeared on fox news sunday and brushed off claims that american consumers will pay more because of tariffs, he said it's not tariffs but the federal reserve w

they highlighted the u.s./china trade war as potential risks and warned that tensions between the two large economies are affecting sentiment. >>> barclays reported a rise in first half pretax profits. it's the best result for the period in a decade the british lender boosted by reduced costs and a strong performance in its investment banking unit on the fixed income and equity sides jes staley said the company is prepared to any outcome from the expressway negotiations. >> the bank reorganized itself, so we're fully prepared for any eventuality related to brexit. we set up what will be one of the largest banks in ireland we re-licensed all of our branches as branches of the bank in ireland we migrated many of our european clients to our european bank now. so that is all set up and ready to go and it has been for a number of months secondly we did take a provision in the fourth quarter of last year of about 150 million pounds in front of the possibility of a hard brexit. thirdly and most importantly, we are do

staying with high-yield where u.s. credit spreads widened throughout the week with money delivering the biggest blowout since 2011. if your outlook is as mine is at the moment, that things stabilize and backup of the year looks better, economic standpoint, that widening is the opportunity that a lot of people were waiting for since the rally began early part of the year. kevin giddis, ed al-hussainy, scott kimball all with me. scott, are you seeing the recent so that we have seen in the high-yield bond market as a buying opportunity? scott: on the margins there are opportunities that present themselves. the challenge is the soul of has been dispersed and not everything sold off equally. we try to normalize valuations in our fund. we convert everything to spread. what is happening in high-yield, we have seen 50 basis points come out of high-yield since spreads were at their tight. you look at areas where spreads have lied in the most. looking at a few bonds, yielding 4.5, a about to buy at six or seven. that window open

the u.s. bond market this week flashed a warning signal that the american economy could be headed into a recession. not welcome news at the trump white house where the talib controversy has largely overshadowed wall street's woes. here's kaitlyn collins. >> reporter: the congresswoman is rejegting israel's office to visit her family on the west bank. an offer that came with conditions one day after the country denied her and congresswoman ilhan omar entry at president trump's urging. visiting my grand mother under these oppressive conditions stands against everything i believe in, she said on twitter. those conditions would have included a pledge not to promote boycotts against israel while she was there. the president has faced widespread criticism for getting involved. >> it is disrespect for the congress and the american political system, for our ally to keep two members of congress out of israel. >> but sources tell cnn, the president's advisers believe his fight with four freshmen democra

initial estimates indicate the u.s. beef will grow by over $270 million a year once the agreement is fully implemented. with this new exclusive, country specific quota american ranchers have a guaranteed market share. we look forward to the eu approving this agreement expeditiously. >> mr. president and ladies and gentlemen. i am honored to be one of the signatories of this agreement. this provides a solution. let me underline the negotiations were in good spirit and it is a great example of how the trade system can work for trade disputes. with this agreement we reaffirm commitment [inaudible] to the trade agenda and a new faith in the eu-u.s. relationship. the agreements will be sent to the european parliament and we hope to obtain [inaudible] i would like to highlight the strength of eu trade relations with the u.s. is a priority of the presidency. i would like to thank those negotiators on both sides. thank you very much. pres. trump: thank you. >> ladies and gentlemen, today is about delivering real positive tangib

the u.s. china trade war is still ongoing with no end in sight and with rattle markets in recent weeks many fear a possible recession but president donald trump claims were far from it. i think the word recession is a word that's inappropriate because it's just a word that the. the certain people are going to be kind of certain people in the media are trying to build up because they'd love to see a recession we're very far from recession he went on to say the u.s. economy is doing very well adding china wants to make a deal the fact is somebody had to take china in my life would be a lot easier if i didn't take china on but i like doing it because i have to do it trump shocks global markets earlier this month when he announced adding another 10 percent tariff on $300000000000.00 in chinese imports scheduled to take effect september 1st and then tax mostly consumer goods we spoke to vice chairman of hong kong's apparel society for some perspective everyone is quite prepared and there has been a

they are said to be asking to hold u.s. agricultural imports. u.s. treasuries are extending their gains on agro products. u.s. stock indices on the way down, s&p 500 contracts falling about 1%. screen,m right of your s&p futures at 2900. offshore, dollar china, 7.10. onshore, 7.03. they came out calling these moves excessive, and when you see black on global movers that means statistically you don't normally see these moves. the equity markets are an absolute mess. it is a very risk off session. >> a lot of moves coming through, carrie lam hosting a news conference as well, reiterating -- she says the protesters want to completely ruin hong kong, and thinks they are challenging china. we will get you up to speed with all that in a moment. >> let's bring in selina wang in beijing for an update and our first word news. >> thanks, david. the inventor of the hoverboard says his successful flight from france to england is the most amazing moment of his life. he completed the cross channel journey in 22 minutes, his second attempt. the first ended when he