course nico speak. only i was showing you. well. china has long been a world power but the country remains a minor player in the world of football a situation china's president wants to change he wants the country to become a football superpower. the war long ball earned over the next ten years our country wants to increase turnover in the sports industry to some one trillion euros yes we . did that huge. china schools are heavy on the drills and academic discipline but there are a few football clubs for children now the party wants them to become football champions will they succeed they can get us going more and more german going to sleep the clubs are going to china where german coaches and pro players willing to go to a country that when it comes to football still plays in the minor leagues. thank football mascot erivan is in china for the past few months he's been going from school to school as an envoy of german club childcare. was. the. was when evan arrives the strict school rules are forgotten. was. evan isn't here alone foreshock a coach is there with him to help promote

, the peterson institute for international economics and china finance 40 form came up with cost and impacts of trade wars to the world economy. hosted this one hour and 15 minute discussion with policy analysts from u.s. and china. [inaudible conversations] >> good morning. welcome back to the peterson institute for international economics.i am adam posen, the institute president. it is my pleasure today to welcome friends back to our joint event with the china finance 40 form. conflict and solutions. we want to get right into substance. but a couple of words about the cf-40, our working relationship with today's event. as many of you know it is a challenge in any b country to set up an independent think tank and have independent serious forces outside of the government. my friend and the host of very distinguished people including -- former china -- came together 10 years ago to create an independent form for chinese economists to come together in a reality-based and honest economic research. it started out as a network and has since evolved into being a actual think tank as well a

international economics and the china finance 40 forum hosted a discussion about the u.s. china economic relationship with a panel of american and chinese analysts. this is an hour and 15 minutes. >>> as many of you know, it is a challenge in every country to set up and independent think tank and to have independent serious voices outside of the government. think tank as well as and we just completed one month ago our seventh annual conference jointly with beijing. they have become our preferred partner in china and they remaina soof uly inent thki. we are delighted to have them here with us and we are going to be presenting the result of the joint report that we did on this issue of u.s./china economic relations. several authors from pie and cf 40. to be clear this is not the joint report in the sense that you sometimes see where everybody has to sign off and get one document and where frankly usually it says nothing. the g7 communiqui managed to avoid that fate because they did not have everybody sign off on it apparently. but anyway, we have a lot of common themes and approac

see what's happening with china. we have no choices this should have been done many years ago. we have no choice. china have been taken out $500 billion a year out of our country and rebuilding china i always say we have rebuilt china. they have taken so much. it is time, folks, we'll get smart and we'll do it right and we are actually getting a lot of support but we have to do something about it now maybe something happens where they come and they say we agreed it has been unfair for the last 25 years but somehow that does not work easily. but we are going and we are going to make it fair with other countries. both our friends and our enemies. i want to say this in many cases, our friends on trade have treated us much worse than our enemies. pretty amazing, is it? we know that when the rules are fair and you can compete, you will win against anyone in the world, there is nobody like you. you are gouing to win anywhere but you will have to bring it down to a level plain field more than 6 million workers have already received a bonus or a pay raise or a new job thanks to these tax

persuade north korea's main trading partner china to impose fresh sanctions if the summit is not a success i think it will be very difficult to return to the maximum pressure campaign of last year and early this year because north korea has indicated it's willing to negotiate to work towards denuclearization he's reached out to beijing and seoul and sort of got them on his side and so i think it will be very hard to get china to cooperate at least on the economic portion of the maximum pressure campaign much of course the pen's on what goes on around the negotiating table trump prides himself on the art of the deal but kim is the one who intimately knows the secrets of his country and its nuclear program. the world will be watching the diplomacy here in singapore in the coming hours and days could determine the future of the korean peninsula james al-jazeera singapore victor gao is the director of the china national association of international studies a think tank affiliated with the chinese ministry of foreign affairs and joins us live from beijing always good to see you victor g

. the us defence secretary warns china over its deployment of missiles in disputed areas of the south china sea. the new prime minister of spain, pedro sanchez, is officially sworn into office. also in the next hour — we'll be reviewing the sunday papers. joining me tonight are broadcaster john stapleton and kate proctor, political correspondent of the london evening standard. good evening and welcome to bbc news. the bbc has learned that an investigation is to be reopened into the attempted murder of norman scott — a former lover of the liberal party leader, jeremy thorpe. it follows an admission by police that a hitman allegedly hired to kill scott may not in fact be dead, as previously believed. the story has been brought to life in the bbc one drama a very english scandal, which concludes tomorrow evening. jon donnison reports. where's the head boy? jeremy thorpe, charming, ambitious and powerful was at the heart of one of the biggest political scandals of the 20th century. in an old bailey trial, the married liberal party leader was accused but acquitted of masterminding a pl

trade war within days. china rejects allegations by the us that it's trying to intimidate neighbours in disputed areas of the south china sea. thousands of palestinians attend the funeral of a nurse killed by israeli gunfire. her mother says she was trying to help injured protestors in gaza. translation: this is what she was resisting with. on what basis did the soldier kill her? she has been targeted since the first day of the protests. and world cup countdown — we travel to the russian city hello, and welcome to bbc news. finance ministers from six of the g7 countries meeting in canada have expressed "unanimous concern and disappointment" at america's new tariffs on steel and aluminium imports. they've warned washington that there are only days left to avoid a trade war. lebo diseko reports. as family photos go, this looked pretty awkward for one member. us treasury secretary steve mnuchin, facing his counterparts from some of america's closest allies, united in their frustration at the us' latest tariffs. over the course of the last couple of days there was an important difference

u.s. president all trying to threaten even more tariffs on china rolled stock markets are as washington ask a tit for tat trade. the affordable office giving these old shipping legend a new lease on life recycling them to keep the space. by mr hour to one german intrapreneur started getting ready to leave turkey and blame a declining economy on the current president. hello and welcome to you business news update i'm funny char in berlin china accuses us president. male and again retaliate for the latest set of tariffs frightened by washington china's threat to the ational the food strong of us star its trump is not tall getting an additional two hundred billion dollars worth of chinese imports for the temper sent . shoppers in china might not be interested in every twist and turn of the trade dispute between their country and the united states but the tit for tat spot could soon become apparent in their grocery bills these aren't just imported from the us are among hundreds of goods beijing has bagged to tax in response to a fresh set of terrorist threats from washington. the

house trade director peter navarro spoke at the hudson institute about the u.s.-china trade relationship and what the 2025 plan means for u.s. manufacturing. this is half an hour. >>> thank you all for coming. we are honored to have dr. peter navarro today for a very specific discussion of the report he and his office released last week. i have to be on the best behavior because we're streaming live on the internet. i would ask you as a courtesy to dr. navarro at the end of his comments at 1:00, we all just stay in our seats, let him go out the back door hopefully with a big round of applause. i'm going to applaud him. i read the report, i took it with me to china last week trying to get reaction from the chinese. the first year and a half of the trump administration they tried to pretend dr. navarro did not exist. that has changed. since this report came out and also since the wall street journal has written so much about him and the president has praised him, the chinese now have a totally different approach, that dr. navarro exists, but he should be struggled against and

. europe is red. china below 3k for the first time since 2016. flight to safety takes the ten year to 2.87 the trade tumble stocks set to open sharply lower as president trump ratchets pressure on china with more tariffs. >>> china is calling it a u.s.-led trade war vowing to fight back what it will mean for the u.s. companies which have made big investments in china growth. >> right. >> and elon musk's warning to tesla employees saying there's a sab tour within the company's ranks. >>> the president issued a statement saying, quote, i drejted the u.s. trade representative to identify $200 billion worth of chinese goods for additional tariffs at a rate of 10% these tariffs will go into effect if china refuses to change its practices and if it insists on going forward with the new tariffs it recently announced. those tariffs were a response to already some announced by the u.s. some, jim, saying today isn't about trade as much as it is about european politics. european banks, emerging markets. pressures we've had for several weeks. >> yeah. throughout the world, things are uncertain. if you

here it stands to gain a lot in syria from china's one belt one wrote megaproject can the promised profits from a land trade offset the e.u. us trade partnership. no by no measure i mean the. one bold one wrote initiative from president xi when you look at the. eurasian the you want called it from moscow the kind of going from here via the stock into europe this is very minor we talk about seventy million people as customers in between that's a lot of infrastructure the maritime silk road is far more interesting because china has developed customs customers and ports and other infrastructure there but nothing can substitute the us as a market nothing can substitute europe as a market this is all small notion and we have to see how we position ourselves as europeans with this one build one road initiative where we welcome it and we'll be voice our concerns at the same time the trade chief silly amounts from is targeting china alleging foul play with technology transfer rules what kind of leverage does brussels have over china and is it doing the right thing by being tough on everyon

of chinese products — despite warnings from the imf. plus mars raises the bar in china: the boss says the market looks sweet despite trade tensions — especially for a spicy version of snickers. and on the markets the dollar soars and the euro slumps as the ecb signals its own interest rate rises are a long way off. us shares end lower because of ongoing trade tensions and the nasdaq hits a new record. we start in the us where president trump has made up his mind to impose significant new tariffs on chinese goods — according to reports. he has vowed to strike back against chinese theft of us intellectual property and redress the large trade imbalance between the two sides. the white house is due to publish a revised list later today. mr trump has already warned he would slap import taxes on $50 billion worth of chinese goods a year. an initial list featured around 1300 product categories, including items used in the industrial, transport and medical sectors. there are reports the final list could be shorter but more focused on high—tech. after meetings between us and chinese

amounts from is targeting china alleging foul play with technology transfer rules what kind of leverage does brussels have over china and is it doing the right thing by being tough on everyone who don't play by the rules well i guess that this has built up over the years. and it was bound to come china is in the w t o's since december two thousand and one has promised opening up as not really a follow through in many areas and now basically we have a situation where china is four times five times more invested europe than europeans are investing in china hence the resentment is increasing to say you know how come they could do everything in your we can still do a lot of very little in china so i guess that was the cilia who is a very able commissioner took the initiative in order to clarify this and there has to be a consequence china has been to mark until the stake has been playing this game for far too long and it's one of the few areas where actually i guess you have u.s. officials and european officials coming out of beatings with the same conclusion china has to open up right they

we don't want to be -- we don't want to hurt our ability to impose tariffs on china. this has nothing to do with that. as the senator from pennsylvania mentioned, the president has used the section 201 of the trade act to put in place tariffs on solar panels and on washing machines. he did that in january. the additional tariffs that he's putting in place on china are under section 301. what this amendment narrowly focuses on is the abuse of authority that the administration is utilizing to put tariffs in place on canada, mexico, and many of our allies, especially in europe, and what he's doing is citing national security. it is dubious. all of us know it has nothing whatsoever to do with national security, but the reason the president is using this is he doesn't have to prove anything to use it. under the other sections, you have to deal with the wto or the itc and you have to actually make a case for what it is you are doing. but when you use 232, no case has to be made. he can just do it. and therefore, that's the reason because of this abuse of authority, that is the reaso

first trip to china as the united states secretary of state i want to check thank all of our chinese hosts for their incredible hospitality i also want to thank china and president g. for his role in helping bring north korea to the negotiating table and forward to continued support as we work to achieve the complete verifiable and irreversible denuclearization of north korea this is my. third country that i've had the chance to speak with today each has reinforced three important things that happened in singapore first the commitment to a fundamentally changed relationship japan the republic of korea and china have all acknowledged that we have turned the corner that we have begun a process away from the threat of war and towards peace on the peninsula. each of those three countries to has acknowledged the importance of the work the president trump has undertaken and the commitments that chairman kim has made towards that very and to achieve that denuclearization. and each of those three countries is also acknowledged that it is important that the sanctions regime that is in place t

emily: this is "bloomberg technology." google is making a big retail push. this time into china. a half a billion investment in jd.com means for the e-commerce lengthen. trump administration's actions against china could cost the u.s. semiconductor industry. a cold war is brewing in space. and president trump just upped the ante. atails for his decision for six branch of the u.s. military. our top story. google made a big play in the race for a slice of the global e-commerce pie. this time by dropping half $1 billion in cash into the chinese retailer, jd.com. explore ideas through the united states and europe. as google prepares for long-term defense strategy. the move also offers google the ability to partner with a company that is had has its own religious did network just like amazon. this comes a week after google entered into a deal with a french retail giant. here to tell us more, we have got mark bergen who covers all things alphabet. and the senior fellow at the asia society. how does this fit into the broader e-commerce strategy? >> google is making a ship. they had their

war china and the united states the world's two biggest economies beijing hits back at donald trump's new tab so what has america first approach backfire and what will it mean for global trade this is inside story. and welcome to the program i'm elizabeth pradhan the last ten years so a marked improvement in trade between the united states and china the trams battle of the tariffs is threatening that and there are fears of an all out trade war the us is putting on fifty billion dollars worth of chinese imports the president says he wants a fairer trade with china but bay gangs five back with a tit for tat response it's published a list of more than six hundred american products it plans to hit with its own taxes is it a case of who blinks first of this economic brinkmanship we'll talk to our guests in a moment but first florence louis reports from beijing tit for tat that's one way to describe the first shots in what's brewing to be a tariff war between the world's two largest economies the u.s. struck first with a twenty five percent tax on certain chinese imports worth fifty

worth of technology and other things a trade wow escalates in the u.s. and china to washington moves forward with tariffs on chinese goods but beijing but . it's only in from school for changes to e.u. migration rules following that dispute of a ship full of refugees. the head of the pakistani taliban is killed and of drone strike in afghanistan. and we'll have the latest on the world cup in russia as portugal's we're now that bags trick. well no one wants to declare it just yet but it's safe to say that china and the u.s. are closer than ever to a trade war beijing and washington have announced aggressive tariffs on billions of dollars worth of goods everything from oil to lobsters al-jazeera and fishes more now from the white house. u.s. president donald trump has been hammering china on trade for months and in a chaotic morning on the white house north lawn where he held a surprise news conference he confirmed he was going to act we need protection everybody take this new thing it made one hundred fifty one billion dollars out of . the work that i told you that challenge you look

and does not explicitly target china, although it is probably true that china would be the main target for these reviews. this changes the process up little bit and makes it more active. they have the ability to block investments from overseas. in u.s. companies. yvonne: the steel tariffs, too, joe. those are starting to have ripple effects. steel imports and tariffs on that front as well. what exactly did we learn? joe: canada is said to be considering to put quotas and tariffs on steel, similar to what the european union has been talking about. steel that is that would otherwise be destined for the u.s. is for canada and the e.u., depressing prices for their manufacturers. they export a lot of steel to but canada gets steel and aluminum from china, brazil, south korea, and they are concerned that there will be a sudden flood as those suppliers chase sales in canada, so they want to affect or bolster their as itmestic production shows the wide-ranging impact of the u.s. tariffs. kathleen: president trump just davidsonff -- harley is moving a plant outside of the country because

, this time into china .cory: -- the investment and what it means for the e-commerce landscape. paris,p manufacturers in how actions against china could cost the u.s. semiconductor industry. and a coal war is brewing in space and president trump just upped the ante. a new branch of the military, the space force. google has made a play in the slice of the e-commerce pie, dropping half $1 billion in cash into a chinese online retailer. the companies plan to explore solutions throughout southeast asia, the u.s. and europe, as google seems to be prepared for a long-term defense strategy against amazon, which is not so quietly encroaching on the digital ad space of google. it offers google the ability to partner with a company that has its own logistics network, like amazon. this comes a week after they entered into a deal with a french income giant to sell groceries online in france. we have mark bergman with us and in new york, isaac stone, senior fellow at the asian for society -- asian society. how does this fit into google? >> years before they had their own shopping delivery service,

meanwhile clearing away from the southeast of china bride to sky started to come in behind us still a fair amount of cloud here so i was down towards hi nancy was the southwest of china northern parts of vietnam further heavy downpours as we go on through choose day that tends to not back a little further eastward so we're not out of the woods as far as the flooding in guangdong province is concerned more be downpours here for the next few days. in afghanistan billions of dollars of international aid have been donated to girls' education but where has the money gone when east meets girls desperate to learn and asks why is the system failing them on al-jazeera i mean this is different not just whether someone's going for someone is very rich but does not have any tree i think it's how you approach an individual an athlete is a certain way of doing it to qantas in just a story in fly out. and you're watching al-jazeera man of our top stories this hour north korean leader kim jong un has arrived in singapore head of tuesday's summit with the u.s. president donald trump he thanked singapore an

about the u.s.-china trade relationship at the hudson institute in washington. the director's remarks followed the release of a report that he says outlines threats to the u.s. economy posed by china's mayweather made in china 2025 plan. this is about 30 minutes. mr. pillsbury: thank you all for coming. we are honored to have dr. peter navarro come today for a very specific discussion of the report he and his office released last week. we have to be on our best behavior because we're streaming live on the internet. i would ask all of you as a courtesy to dr. navarro, at the end of his comments, at 1:00, we all just stay in our seats and let him go out the back door, hopefully with a big round of applause. i'm going to applaud him. i've read the report and the appendix. i took it with me to china last week to try to get reactions from the chinese. they, for the first year and a half of the trump administration, they tried to pretend dr. navarro did not exist. that has changed. since this report came out, and also since the "wall street journal" has written so much about him, and the pr

. trade worries are portfolio worries. who has the biggest exposure to china. we have the details. >>> i'm kelly evans. in a sea of red, serging after promising drug data. the "closing bell" starts right now. >>> welcome to this uesday, everybody, hello, to you >> welcome back. >> i know. >> nice weekend? >> i didn't -- did you see the mickelson hole sat >> i did not see that particular one, but - >> unbelievable. >> i have not gone to -- >> were you on the course when it happened? >> yes, but not by his hole. >> crazy >> it was hot. >> so hot. >> attempt the headache with the beers? so - >> it was unbelievable all those stories in a moment. a check of the markets, though, down more than 400 on the trade tensions with china. coming back, though, 419 at the lows, dow's down 276 points now, but, by the way, negative now for the sixth straight day for the dow. >> are, indeed, although, the other indexes held up better throughout the last week and day. out to washington where kayla has the latest on this escalating trade war >> reporter: wilf, president trump floated new tariffs up to $400 bil

♪ fall, u.s. stocks president trump remains his heart stands on china trade. great the dow is on his longest slump in more than a year after six straight losses. treasuries rise with the dollar. ranil under pressure as i rejects the potential opec output compromise ahead of friday's meeting in the anna. next but it's a bright future for solar and wind power. a new group -- bloomberg report sees them generating half of global energy by the year 2050. hello from sydney where it's just past 8:00 a.m.. were 12 away from the open of -- away from asia's market open. how the openok at here on wall street will play into the asia-pacific trading day. it was red across the board, in large part or whole part to what was happening between the u.s. and china. donald trump coming out with yet an additional $200 billion of tariffs on chinese goods after raising it 10% p.m. you can see the dow down one point 15%, six days down, six days in a row. the s&p 500 down .4%, the lowest since the start of this month. the nasdaq also down about .3% but it was pretty much a mild across the board. we were

pay for it. again, it's all on the table. reporter: you talked about china a moment ago. one of the other concerns, most people's concerns about china in the supposed cyber attacks in china, what do you make of that? nistration'seang with e china on z.t.e., do you connect those issues, these are some of the broad array problems with china?mspelosi: i ththere a broad array of concerns we have about china. as you probably know for -- well, at least since tiananmen square but probably before, i had concerns about china in three areas. the -- certainly the -- our trade def with ina which is enormous. the ck of market access to our products in china. the sale of missile technology to pakistan and other places on the part of china as well as their human rights violations. at the time, china -- we had $5 billion trade deficit with china, annual, $5 billion trade deficit. i thought oh, my goodness, we can use that leverage to free the prisoners of mentianan square, to gain market access and to stop the prolion ofieshere whe s't b they shouldn't be going. i could win the votes on the floor.

companies that are seen as being affected by potential china trade tariffs. they are the ones taking the brunt of it. that isit seems like the case. interesting, despite the rhetoric we have heard. president trump is watching this right now. is this giving more of a push to double down on trade? that will be a key focus for us when china markets reopened today. julie: potentially some traders hoping for an 11th hour of things going into effect. who knows? if you take a look at what happened during the u.s. session, the dow is still down .4%, and we saw a decline in the s&p 500 again. interestingly, consumer staples selling off quite a bit over the course of the session. the nasdaq, after flirting with no change most of the day, slightly in the green. we see strength in large-cap technology. the dollar going sideways, but really maintaining its uptrend. if you take a look at the bloomberg, without a look at the u.s. currency along with the 10 year yield, not changing much on the day. reassertion seeing of the correlation between the two. that seems to have broken down once again as the do

between donald trump and latham in. from the south china sea to north korea nuclear talks a busy agenda as the u.s. defense secretary persists asia. and in thailand a setback in the race to rescue a group of teenagers stranded in a cave. more than two hundred refugees and migrants have reached land after being stuck at sea while european leaders argued about their fate the charity ship lifeline has docked in malta but only after eight countries agreed to take a share of the migrants office reports from. after six days at sea the lifeline finally came to dock at the letter but also to be impounded the multis government says it is not registered as a search and rescue ship has fails to obey the orders of the italian coast guard and often switched off its transponder to disguise its position raising suspicion that the ship could be deliberately helping smugglers the head of mission lifeline says italian authorities opens the investigation against it and suspects political motives under the new anti migration government in rome because the lifeline operated without problems last year

>> trade tensions rattle u.s. stocks. china and europe from its retaliation to president trump's threats. >> tech shares were hardest hit but the nasdaq down more than 2%. the u.s. familiar also weaker. >> officials are downplaying trends to limit chinese tech on national security grounds. >> but some american icons are feeling the pain. harley david son and jack daniels among the losers as trailed turmoil bites. >> hello from sydnie, just past 58 a.m., i'm haidi lun. >> and just past 6:00 p.m. here in new york, i'm thrath lean hays. a lot of the action in washington where trump's national trailed director peter navarro tried to backpedal on stories over the weekend that the trade secretary is getting ready to approaches another way to curb technology investments by singleling occupants china. this as chinese and european officials have been meeting in beijing. haidi: that's right. very much another session dominated by trailed. the french ambassador saying he hopes the u.s. soon sees tariffs are bad for its own economy but trump has belt on european weakness. we're talking about

overall china it's happened every year in the criticism for brazil the distances the fans had to trial the stadiums were not going to be ready in front of us so much criticism and then once people got there they loved it and that's the same thing the same feeling i have here that people really have a good time ok forty minutes to go till kickoff so many russian hopes going to be riding on this result i don't want to lose it easy need something should be a lot of passion on both sides join us for the latest at the top of the hour. but. politicians to do something to. put themselves on the on the big get accepted or rejected. so when you want to be president or injury. or some want to be president. that's a good way to be for us this is what the four three in the morning can't be good that i'm interested always in the waters of my. quest. welcome back to the program and we look at the news nasa with don't trump and to establish a six branch of the arms forces dealing with space wolf is carney overseen by the u.s. air force travel claims america needs a big presence up amongst the s

it will protect and will do a lot of things i can say that south korea japan china many countries want to see it happen and they'll help the world so there's a great there's really a great time this is not happened in all of the years that they've been separated by a very artificial bantry it's a great opportunity for peace and lasting peace and prosperity the taliban in afghanistan has announced a three day ceasefire to mark the end of ramadan it is the first such true since the group was toppled by the u.s. led invasion in two thousand and one taliban fighters say they will stop all offensive operations during the muslim eat off it's a holiday later this month except against foreign forces follows a similar announcement by the afghan. refugees in one of the world's largest camps have been beamed around the world in a rare web streaming event to tell their stories they could make camp in kenya houses of about one hundred eighty five thousand people from south sudan somalia ethiopia as well as other countries the tx organization arranges lectures around the world to try and change

later on choose day at that stage frontal system across northeastern parts of china into the far east of russia beijing should be drive visibility still pretty decent further towards the south i would like to be seen some rain for shanghai the across more southeastern parts of china it's looking pretty white i think hong kong just on the edge of this rain band so i think showers will always be threatening you could see some rain at times certainly for taiwan it could be very wet indeed with the rest possibly of some landslides as a result of that heavy rain for much of indo china looking rather cloudy still a threat of showers but pretty warm and humid there four hundred for southeastern parts of asia it's looking pretty good across much of borneo java bali plenty of sunshine but up through the late clincher and into the gulf of thailand reaching some heavy showers and likely it could well be a wet one in bangkok with highs here of thirty two degrees celsius. i don't miss it when i was a kid. was a pleasure and oppression which is one thing i always found about slavery i told in the l

posed by china: the national debt, changes made to the dodd-frank log and term limit congress. this is about 10 minutes. ♪ [inaudible conversations] >> thank you. thank you is such an honor for me to be here again this year. i just want to thank ralph and his family for everything they've done in my home state of georgia and around our country and indeed the world. i heard there were a few georgia hat right? [cheers and applause] folks today, president trump's agenda is working. last year, he said the job one was going into the economy and we were in regulation, energy and taxes. this year we passed the dodd-frank reform bill that freesp capital for small banks and local communities and they will have an earth shattering impact on local communities. all of this is free enough from $6 trillion of capital back into our economy. i'm just a business guy, but i can tell you this agenda is working. 3.5 million new jobs have been created since president trump took office at 870 regulations reverse. consumer and ceo confidence is at a 20 year high and proud to stand here before you today and

latest from trade expert alex heil a bitch in toronto and china expert caleb moppin from our new york studio plus we talk crip those with the c.e.o. of zap dot org nick's spannaus and it seems that global auto industry news is jammed up with so much going on including a terrible chessplayer accident incident we'll tell you about and you're going to want to hear what the car coach has to say lauren fix first we take off with a few headlines. leading the news today corporate earnings are set for a significant slowdown after your market bull run of profit growth earnings grew at twenty five percent in the first quarter of the year while a growing number of analysts expect it to taper off in the coming quarters perhaps down into the single digit growth per next quarter factors in the mix that produce the forecast include the fading of the financial sugar rush delivered by the trump tax cuts the prospect of further trade troubles and the federal reserve's clear signals to expect for interest rate hikes this year some on the other side of the debate say the historically low unemploymen

not pleased with the decision to halt the drills. this actually looks very much what china and russia have been proposing for many months which is a freeze for freeze where they stop their missile nuclear test we stop our exercises i think there was some trash talk if you will of the kind of thing we see before a prizefighter the rhetoric has changed from kim side as well he called trumpet old goat herders something like that but i think that was posturing on both sides i think that would be important thing about this summit is that it was focus on substance and let's remember the first thing one of the first things trump said after the summit is that he would be freezing these exercises which really provoke some outrage here and he even used the word provocative and people said oh you're accepting the north korean propaganda term. the me too movement against workplace harassment has raised many questions for example how long can you stare at a coworker before getting into trouble online t.v. show provider netflix apparently has the answer artie's an associate check next planes

gray market. in hong kong, i'm rishaad salamat. >> coming up, a cautionary text tale from china, how the company's biggest screen maker lost almost a third of its value this year. this is "bloomberg markets: asia." rishaad: $200 billion, can china retaliate? 150. billionort dollars of american goods, so it makes it difficult. this is the singapore market moving up on monday. china returning a bit later, nikkei up by .5%. the type a market also down 1.2%. very much what were seeing, sydney stocks keeping your head above water for a third day. on an say, things are acceleration rather than a dampening of the trade tensions. we'll wait for response out of beijing but also reopened when it comes to hong kong and taiwan markets as well. let's take a look at what is trading. >> trade woes are taking their toll, aussie stocks the one bright stock -- bright spot in equity markets. the 74 handle on the back of donald trump's comments, trading near its one year low. , expected to highlight week wage growth and high household debt. toward -- jumping rising for a second day while u.s. features a

policies that are adding massive. pressure is on the middle and lower class. china has criticized u.s. president donald trump for quote playing the disgraceful role of global economic disruptor it comes after both countries impose twenty five percent tariffs on fifty billion dollars worth of each other's goods on friday the move as investors and economists worried that the world's two largest economies are heading for a full blown trade war lords movie reports now from beijing. tit for tat that's one way to describe the first shot in what's brewing to be a tariff war between the world's two largest economies the us struck first with a twenty five percent tax on certain chinese imports worth fifty billion dollars china's counterpunch an announcement that six hundred fifty nine types of u.s. goods also worth fifty billion dollars will be subject to tariffs the first round comes into effect on the sixth of july and affects products ranging from soybean to seafood to costs there china feels like it's been the strong it's at the strongest point that it's been in hundreds of years it feels

deficit with china and what does he say now? too many jobs are being lost in china. weave to help them. to the point of -- at the expense of our national security, rescuing z.t.e., a well -- a known clear cybersecurity threat. meanwhile, the.o.,, has a tax bill that makes it profitable for businesses to t thchina is erseas. remarkable. how much did he talk about that on the campaign trail and then he goes on to say that t jobs are being lost in china? decided to put forth a compromised proposal. i think we have to watch it very carefully. he broke ground in talking about building america's infrastructure. what did they do? come up with a puney plan and now they're saying maybe next year. they were going to lower prescription drug prices. remember when the president said we're going to enable the secretary to negotiate. we're going to negotiate like crazy. and then he came up with this proposal, negotiate like crazy, as he said before ever, must mean not negotiate at all. don't take my word for it. after the president pulled his punch on lowering prescription drug prices, that day,

korea, while others point to a clampdown on trading platforms in china. crypto venues are under scrutiny following thefts, market manipulation, and money laundering. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ul allen. this is bloomberg. david: we have seen the pictures. they are meeting right now, two of the world's most unpredictable leaders under one roof. we now go to our chief north asia correspondent, stephen engle's, on the ground for us. steve, what is happening right now? stephen: that is a better question than the last question i got. someone asked me, is it going to plan? what is the plan? you know something i don't know? that is what we are here for, we don't know the outcome. these deliverables have not been determined beforehand. we do know they had some awkward half miles and the hoopla around the big handshake turned out to be about three shannon jakes -- three handshakes. they retreated inside for cross table discussions. they even took a walk around the top floo

meet as pressure grows to limit the entry of migrants. china says it's not afraid of a trade war after president translators tire of straight. the nicaraguan government accused of not acting on an agreement to allow international observers as protests continue across the country. to study a mirage a coalition back in the government in yemen says it's not controlling the airport and had data but fighting with who is carrying on in some areas of the airport compound over two hundred people have been killed and hundreds more displaced since the military offensive began last wednesday. us this update from the other side of the red sea in djibouti from where much of the aid for yemen is route. heavy fighting is still going on inside the despite claims by the saudi good solution that they have taken control of the albert residents of the city say the coalition troops off so far take him the main program where my mouth fighting for control of the posse tunnels as well as the flight control tower to the fighters still holed up in the airport are said to be putting up stiff resistance the door