eunice yoon is the best eunice yoon. thank you.reciate it. >> let's get over tol leslie picker for a cnbc update. >> jennifer crumbley whose son killed four in a michigan shosh shooting rampage found guilty of four counts of involuntary manslaughter unprecedented case of a parent being held criminally responsible in a shooting. her husband faces a separate trial. she faces up to 15 prison on each of the four counts. >>> qatar's prime minister said that officials received the first response from hamas on a hostage deal framework and that the terror group is open to negotiations. secretary blinken confirms he would discuss the latest proposal with tel aviv tomorrow, but that, quote, there's still a lot of work to be done. >>> and climate change is causing scientists to rethink how they categorize hurricanes. with a new study in a journal from the national academy of sciences suggesting adding category 6 to the current system. it now tops out at category 5, indicating winds of 158 miles per hour or higher. but they are considering bum

before the yoon government, _ health. before the yoon government, there - health.nment to expand the medical school entrance quota, especially during the previous government. they also tried to expand — government. they also tried to expand the quota. however, they also faced — expand the quota. however, they also faced strikes from the doctors _ also faced strikes from the doctors and they had to scrap the plan _ doctors and they had to scrap the plan. so there are some doctors _ the plan. so there are some doctors saying that we never lost — doctors saying that we never lost to — doctors saying that we never lost to the government, which means— lost to the government, which means that government are... is patiently... — means that government are... is patiently... is showing weak attitude _ patiently... is showing weak attitude towards these doctors' protests — attitude towards these doctors' protests because, as the president said, if they go into protest — president said, if they go into protest and this stops the medical system of the country, and there's a th

the hack happened in the run—up to president yoon 5 state visit to britain last november.in the presidents office. our seoul correspondent jean mackenzie has more. this hack was first reported by a newspaper here in south korea this morning which said it had the information from high—level government source. this source had told them that a member of the president�*s team at had their e—mails hacked just before president yoon went on the state visit to the uk in november of last year, where he met king charles and queen camilla and met the british prime minister rishi sunak. this source claimed that not only were the details of mr yoon�*s itinerary leaked but also e—mails from the president himself. we�*ve spoken to the presidential office about this today and they�*ve confirmed to us that, yes, this hack took place but they would not disclose what information was accessed in the hack. they were very keen to point out to us that this did not mean that their security systems had been breached. they said this was down to one of their employee�*s careless actions because this

the hack happened in the run up to president yoon's state visit to britain last november. hacking abilities have become increasingly sophisticated, and this is thought to be the first time it has successfully hacked an official working in the president's office. 0ur correspondentjean mackenzie this hack was first reported by a newspaper here in south korea this morning which said it had the information from high—level government source. this source had told them that a member of the president's team had their e—mails hacked just before president yoon went on the state visit to the uk in november of last year, where he met king charles and queen camilla and met the british prime minister rishi sunak. this source claimed that not only were the details of mr yoon's itinerary leaked but also e—mails from the president himself. we've spoken to the presidential office about this today and they've confirmed to us that, yes, this hack took place but they would not disclose what information was accessed in the hack. they were very keen to point out to us that this did not mean that

the hack happened in the run—up to president yoon 5 state visit to britain last november. have become increasingly sophisticated, and this is thought to be the first time it has successfully hacked an official working in the presidents office. our seoul correspondent jean mackenzie told us more. this hack was first reported by a newspaper here in south korea this morning which said it had the information from high—level government source. this source had told them that a member of the president's team at had their e—mails hacked just before president yoon went on the state visit to the uk in november of last year, where he met king charles and queen camilla and met the british prime minister rishi sunak. this source claimed that not only were the details of mr yoon's itinerary leaked but also e—mails from the president himself. we've spoken to the presidential office about this today and they've confirmed to us that, yes, this hack took place but they would not disclose what information was accessed in the hack. they were very keen to point out to us that this did not mean

the hack happened in the run up to president yoon s state visit to britain last november.y sophisticated, and this is thought to be the first time it has successfully hacked an official working in the president s office. here's our correspondent, jean mackenzie. sorry, we have a report. this hack was first reported by a newspaper here in south korea this morning which said it had the information from high—level government source. this source had told them that a member of the president's team at had their e—mails hacked just before president yoon went on the state visit to the uk in november of last year, where he met king charles and queen camilla and met the british prime minister rishi sunak. this source claimed that not only were the details of mr yoon's itinerary leaked but also e—mails from the president himself. we've spoken to the presidential office about this today and they've confirmed to us that, yes, this hack took place but they would not disclose what information was accessed in the hack. they were very keen to point out to us that this did not mean that the

earlier i spoke to yoon kim, professor of health care management at seoul national university schoolsystem. yes, korea has a highly privatised health care system, although we have universal social health insurance system. more than 90% of hospitals and clinics are private, and there is no gatekeeping system, which means there is a huge competition amongst hospitals and clinics. to korean doctors, more doctors means more competition and less income. that's the reason why they are strongly against the government plan. what does it mean that now senior doctors were supporting the strike action? junior doctors left last monday, and senior doctors mean doctors mainly working at the local clinics, they are also supporting the junior doctors position. president yoon�*s approval rating has climbed to a three—month high due to his tough stance on the striking doctors. the public clearly don't like it. how are these doctors able to take this action? at the moment, about 80—90% of korean people are supporting the government plan to increase medical students. but you know, the doctors quite oppo

earlier i spoke to yoon kim, professor of health care management at seoul national university schools, korea has a highly privatised health care system, although we have universal social health insurance system. more than 90% of hospitals and clinics are private, and there is no gatekeeping system, which means there is a huge... amongst hospitals and clinics. to korean doctors, more doctors means more competition and less income. that's the reason why they are strongly against the government plan. what does it mean that now senior doctors were supporting the strike action? junior doctors left last monday, and senior doctors mean working at the local clinics, they are also supporting the junior doctors position. president yoon�*s approval rating has climbed to a three—month high due to his tough stance on the striking doctors. the public clearly don't like it. how are these doctors able to take this action? at the moment, about 80—90% of korean people are supporting the government plan to increase medical students. but you know doctors quite opposite 80—90% of korean doctors are again

president yoon�*s approval rating has climbed to a three—month high due to his tough stance on the strikings able to take this action? at the moment, about 80—90% of korean people are supporting the government plan to increase medical students. but you know doctors quite opposite 80—90% of korean doctors are against the government plan. they don't think we have a position shortage in korea. they think the real problem is a payment issue, a reimbursement fee for emergency kerr and severe patient kerr is low, they think. ~ ., and severe patient kerr is low, they think. . ., and severe patient kerr is low, they think. ~ . ., , , and severe patient kerr is low, they think. . , ., think. what impact does this having on the health _ think. what impact does this having on the health care _ think. what impact does this having on the health care system? - think. what impact does this having on the health care system? the - on the health care system? the number of _ on the health care system? the number ofjunior_ on the health care system? tie: number ofjunior doctors accounted number of junior docto

it happened in the run—up to president yoon s state visit to the uk in november.y sophisticated, and this instance is thought to be the first time it successfully hacked an official working in the presidents office. our south korea correspondent, jean mackenzie gave us this update from seoul. this hack was reported by a south korean newspaper that got it from a high—level government source. it said that a member of the present�*s team had their e—mails hacked before the prison went on a state visit to the uk where he met king charles and queen camilla and british members of rishi sunak. this source claimed that not only were the details of mr yoon's itinerary leak but also details on the president himself. we have spoken to the presidential office who confirmed that the hack took place but would not disclose what information was accessed in the hack. they were keen to point out that this did not mean that their security systems had been breached, they said this was down to one of their employees' careless actions. they said that this employee had been conducting w

the security breach happened in the run up to president yoon suk yeol�*s state visit to the uk last yearster rishi sunak. 0ur correspondentjean mackenzie is in the south korean capital, seoul. is in the south korean jean, how much sensitive information did they manage to access? president yoon suk yeol but the royal treatment in london last november for the state visit, dining with the king and queen and he was welcome to downing street by rishi sunak. but it is reported today that this north korean hacker who was able to access the e—mails of one of the aids was able to get hold of closely guarded details of his schedule and was even able to access some e—mail sent by the president himself. we have spoken to the presidential office today and they confirmed to us that this did take place but would not disclose exactly what information was stolen. they did say, and they were keen to stress it did not mean that their security systems had been breached. they blamed this on what they called the careless actions of one of their employees who have been using his personal e—mails to do what bus

eunice yoon is here from beijing with more on the story.k, cpi missed in january year on year and month on month. the main issue was a plunge in the price of pork which is a 17% drop. that is a chinese staple. the signs are that the pressures are broadening. travel has been a strong point in the recovery saw a rise by the slowest pace in a year and a half. this is despite the pre lunar new year rush. price wars to get consumers to buy evs influenced prices for transport. that hit a record low of minus 5.6%. price wars hit producer prices because manufacturers were bidding for orders and slashing with the prices. ppi fell for the 16th straight month, but eased slightly at minus 2.5% year on year. the data has been sparking debate among analysts whether or not this weakness is temporary and maybe season al because of the lunar new year or evntrenchd with the poor consumer sentiment or lack of policy action. frank. >> eunice, deflation over in china. i want to ask because you live there. we see you reporting on cnbc. have you seen the impact o

ahead of parliamentary polls in april, president yoon suk yeol has pushed forjobs creation and lowerfor an economy that is seen as finely balanced. economist arup raha talked to me about what lies ahead for the country. the economy is moving in a pretty predictable path — but as you brought up the semiconductor cycle has turned, so there some boosters taking place on exports, which in turn is helping gdp growth. we've got an advanced estimate that it wasn't that way, but 0.6%. you see a better estimate come out later. but the larger picture on the korean economy is this, it's taken a body blow over the last year because of the downturn elect —— in electronics and the global cycle, plus the aftermath of covid. and the bank of korea, which is the inflation targeting bank, has actually stopped raising rates for over a year despite the fact that inflation has been significantly above target. now that said, the economy is starting to move in the right direction for them— inflation is coming down, there seems to be some pick—up in growth, largely coming from the export side. and what we th

our eunice yoon getting a first look at one city serving as a prime example of that crisis.unice, over to you. >> reporter: thanks, frank. you probably have never heard of this city. as we found out this week, property markets might be a lot to ask for. thinking of buying a home in china? maybe not this one. this house development was built in 2011 where most of the buildings like this have never been occupied. as you can see, they're not maintained. rear, apartments are everywhere. 600 of 900 of these units, half out of the near 800 in this other. >> also apartments like this are all over the country and waiting on the economy. developers hoped that more people would move from the countryside to the cities and prefer a home near the town, but it was bypassed as buyers chose apartments closer to shanghai and because of the graph uc decline, their population is flat lining at 7.7 million. it could take five years to find buyers for all of the unsold new apartments. what's wars, falling prices and job sales, it's worse. the fear is many of these homes will never sell and remai

have reported they've removed the head of their security commission joining me now is our own eunice yoonlation right there. what does that mean for chinese equities in your mind? >> well, on social media there's a lot of speculation that we'll see a rally, that continued rally in stocks. people have been praising the decision because the view has been the stocks regulator under the current -- who was the chief until just moments ago was too tolerant of short selling. what's interesting is that the person who is now in charge is a banking veteran. his name is wu ching and he has a nickname the broker butcher because he has a reputation for a very tough style, harsh crackdowns on in the past allegedallege alleged illegal security operations he was there in 2016 he came in in may of 2016 and stayed for about a year. it was during that time he also gained quite a bit of a reputation for being tough on what's seen as a misconduct, a type of trading called rat trading when traders would build their own positions using their own money and then use other investors' funds to elevate the price. so

eunice yoon is joining us from beijing. eunice. >> reporter: thanks, dom.hina cut the key reference rate for mortgages by the most since the rate was established back in 2019. the five-year loan prime rate was slashed 25 basis points. the one-year lpr is the guide for businesses and consumers which was left unchanged. this move was surprising because it was bigger than most analysts expected and because it broke with tradition where the rates tend to move in tandem. people here are saying this indicates that policymakers are more concerned than previously thought about the property sector and also that they, at the same time, want to use a more targeted approach. this comes as the latest data shows that fdi in china is now at the lowest level in 30 years and official numbers show travel over the lunar new year holiday period exceeding pre-pandemic levels. dom, nomura and goldman stated tourism revenue fell 9.5% below 2019 levels. still a lot to be done to try to get the consumer confidence up. >> eunice, are there any signs of the bigger policy indicators o

they're protesting a proposal by president yoon suk yeol to increase the annual medical school intakenal 2,000 medical school placements. the president's policy has proven very popular with the public, with polls showing up to 80% support. he condemened the protest saying trainee doctors must not hold people's lives hostage. translation: protecting people's lives and health is the reason - the government exists. and it is the most basic constitutional duty. therefore, the government has a duty to efficiently manage medical resources to protect people's lives and health. let's take a look at some other stories in the headlines... the wikileaks founderjulian assange has begun his latest attempt to fight his extradition to the united states. he's wanted in the us for disclosing secret military files more than a decade ago. if he fails, assange will have exhausted all appeal routes in the uk and will enter the process of extradition. nikki haley says she won't drop out of the presidential race even if she loses in south carolina. the republican presidential candidate has vowed to remain i

south korean president yoon sookyul considered the strike of the medical staff to be a hostage to the health and life and safety of the people and said that this action is inexcusable for any reason. heavy rains and floods in the city of cobia in bolivia submerged many houses. the flood damaged many buildings and displaced many people. the city of kobia with about 80,000 inhabitants is 600 km north of lapas, the capital bolivia and borders with brazil. it has a tropical climate and some areas are impassable during the rainy season. the wildfire from texas, usa reached oklahoma. a fire has ignited 250,000 hectares of heather in texas. the governor of texas has declared a state of emergency for 60 regions and has issued an evacuation order for some regions . strong winds have caused the spread of fires, although the efforts of firefighters to extinguish the fire continue, but the national weather service in the united states is predicting the spread of the fire. has predicted in texas. the next part of the news will be presented to you at 11 o'clock. greetings and courtesy to you, dear

it seems like fine, but i'm keeping me yoon rob for super bowl. and the super star taylor swift isn't even in sin city yet. this game sure is banking on her. danya bacchus has the story. >> reporter: there is no question what the extra buzz is around this year's super bowl. >> i think we gained probably a billion chiefs fan just because of taylor swift being in the house. >> reporter: but taylor swift has been anything, but a problem with the nfl. her love story with travis kelce caused ratings to skyrocket especially among women and girls. >> they made it so it manifested as far as the afc championship game. >> reporter: anthony amy is an assistant professor for sports media and analytics at virginia tech university. >> it was cbs's most watched non-super bowl broadcast since the 1994 winter olympics. we would be naive if we didn't think taylor swift has something to do with it. >> reporter: swift has a concert the day before the super bowl in japan. even the embassy is ensuring swift will be able to make it to vegas to cheer on the chiefs. >> i

the hack happened in the run—up to president yoon�*s state visit to britain in november.sticated, and this is thought to be the first time it has successfully hacked an official working in the president's office. our correspondentjean mackenzie has more from seoul. president yeol received the royal treatment when he was in london last november for this state visit. as you say, he dined with the king and queen, he was welcomed to downing street by rishi sunak. but it is being reported today that this north korean hacker who was able to get into the emails of one of the president's aides, was able to get hold of the closely guarded details of his schedule and was even able to access some of emails sent by the president himself. now, we have spoken to the presidential office here in seoul today, and they have confirmed to us that this hack did take place, but they wouldn't disclose to us exactly what information have stolen. they did say to us, though, and they were very keen to stress that this didn't mean that their security systems have been breached. they blamed this on

the hack happened in the run—up to president yoon�*s state visit to britain in november.his is thought to be the first time it has successfully hacked an official working in the president's office. more from our correspondent jean mackenzie. president yeun received the royal treatment when he was in london last november for this state visit. as you say, he dined with the king and queen, he was welcomed to downing street by rishi sunak. but it is being reported today that this north korean hacker who was able to get into the emails of one of the president's aides, was able to get hold of the closely guarded details of his schedule and was even able to access some of emails sent by the president himself. now, we have spoken to the presidential office here in seoul today, and they have confirmed to us that this hack did take place, but they wouldn't disclose to us exactly what information have stolen. they did say to us, though, and they were very keen to stress that this didn't mean that their security systems have been breached. they blamed this on what they called the car

sarker catherine yoon reports tonight. some of the passengers on board are sick. some of the passengers of had a very uncomfortable problem. 139 of them have been sickened with gastrointestinal problems while the cdc and the cruise line have not officially announced a cause. local infectious disease expert doctor peter chin-hong says the answer is probably obvious. >> yes, it is very likely going to be no virus. norovirus is a virus that causes vomiting and diarrhea and you can have person-to-person transmission. so for hopping on cruise ships where large numbers of people get together on trump conditions. share a lot utensils, food, et cetera, apart from being very uncomfortable. fortunately, norovirus dozen results in a lot of people dying does have a high mortality rate. >> the queen victoria has been in the city since yesterday and just in case anybody is worried about sick people getting off the ship and exposing others. doctor chin-hong says there are strict protocols in place, meaning it's very unlikely. >> the protocol is for and of it is to be isolated on

after president yoon came to power, actually, he was first in charge of all of this bribery, the prosecution he suddenly changed his attitude. he became very -- friendly. all the social momentum and political momentum petered out. at the same time, they have a campaign against the --. suddenly this voting from the first trial on stock manipulation just happened. so it's a big swing, and it indicates the increasing and substantial influence of the korean -- on the legal system and politics in every aspect of korean society. haidi: professor, obviously, the acquittal and the removal of the threat of jail time comes as a huge relief for the company. you think it solves all of samsung's problems? park: not at all. the problem is the issue of whether jay y. lee's chairmanship position -- it is more a problem of legacy for samsung. the industrialization of south korea. [indiscernible] they believe that his competitiveness. that is competitiveness. but in the world of the open innovation, it is not a valid strategy is all. the problem of samsung electronics is, due to the nature of the competition

i agree with yoon phillips that what i saw yesterday was sad, this is a person who is clearly incapablecarrying on his duties, this is a person that has clearly lost a step, but i must add further not for joe biden, but the people he leads as president of the united states rate i have to respond t this point, you here they sometime said by democrats that joe biden has lost a step, but so has donald trump, i don't know how any honest self respecting person can look it joe biden at the press conference yesterday and compar it to donald trump and say thes are two people in the same plac mentally? it's just obviously fake and no true. trump's got the energy, he's go the memory, he's got the verve to do the job. biden is a guy that's clearly going to need to hide in the basement if he has any chance o reelection because that is the image they present to the american people for the next si months, we're going to win in a landslide because it's terrifying to think that guy ha the nuclear codes and controls aren't defense brett. >> i've heard your name mentioned as vp. you could be on this trum

thank you, eunice yoon in beijing. set to begin talks with the workers united union. they're going to discuss bargaining agreements and the like. we'll give you the details next. don't go anywhere. for 88 years, morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american announcer: rose, back in the winner's circle. [crowd cheers] [music out] new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> starbucks is raising wages for workers at unionized cafes. getting pay hikes their nonunion coworkers collected. the move signals a thaw in negotiations going on for years between the coffee giant and the yun union. starbucks saying it would provide credit card tipping a benefit available in nonunion stores for a year. it's a gesture as t

let's get to eunice yoon live from beijing. is this the penicillin this market was hoping for?out that, but it definitely shows a signal that the authorities here are getting concerned. the five-year loan primary rate was slashed by 25 basis points to 3.95%. this is the first cut since last june. the move was seen as surprising, not only because of the size, bigger than expected, but also because rates tend to move in tandem here. the one-year lpr, which is the reference for businesses and consumers, was left unchanged at 3.45%. now analysts say that this does signal that authorities here are concerned about the property sector, but also at the same time, they want to maintain a targeted approach. this is despite the fact that we're seeing fdi in china fueling a 30-year low and official numbers on travel over the lunar new year holiday showed that they exceeded prepandemic levels, but goldman said that tourism revenue per head fell 9.5% below 2019 levels, so that flagged weakness with the consumer confidence here. guys? >> eunice yoon in beijing, thank you. >>> after the break,

he served as president yoon's national security advisor from 2022 to 2023, and in many ways, was one of the architects of the trilateral relationship that eventually culminated in the camp david summit. prior to that he also served in government as vice minister of foreign affairs and trade from 2012 to 2013. he has a number of other distinctions. if i went through all of them, we would exhaust all the time on our panel, so i would just say that he served as director of the institute for international relations at korea university, was dean of gsis for four years from 2017 to 2021. and prior to that, had a long career at the institute for foreign affairs and national security. i think that is when we first met, like, back in 1995 or 1996 when you were there. so, it's really a distinct pleasure to host him here at csic. i think this is your first time at csic since leaving the government. so we are very happy to have you here. joining us on the screen from somewhere tropical, it looks like, is ambassador, special adjunct professor of the faculty of law at the university in japan. he's

eunice yoon is in beijing to explain.e last week or two. >> absolutely. behind that is a campaign, as you just mentioned the government is promoting what it calls a financial culture with chinese characteristics the principles, as described by the communist party papers, target short-term profit taking, which the leadership here now appears to believe is immoral. the campaign argues profits should only be made through righteousness. investors should not seek quick success and immediate profits and finance shouldn't stray from the real economy now, if investors don't adhere to this guidance, then the authorities are imposing it, as carl just mentioned, this week the financial authorities had punished one major quant fund for selling stocks in addition to that, traders have been reporting big institutional investors have been stopped from -- ordered to stop from selling at the open and close of trade now, when asked about these reported bans, the stocks regulator said it -- it said that the authorities don't interfere with

. >> all right, thank you very much, eunice yoon reporting from beijing where it is the middle of theht. >>> yeah, fascinating story. we have big movers in the energy space today. pippa stevens is here to give us the names on the move. hi, pippa. >> starting with next tracker, that is surging after q- theories of came in ahead of estimates with the company also raising its annual guidance. next tracker makes a specialized solar tracking system that follows the sun throughout the day. therefore, optimizing power generation. the company said it now has a record backlog thanks to strong demand. they reiterate the stop as a top pick, raising its target to $73. it's about 33% above what is currently trading. without a sun power, also on the move after receiving another waiver extension from its creditors until february 16th. another words, some additional time to write the ship. the company also announced 20 million in financing from majority shareholders total and global infrastructure partners. still, the stock is down 80% in the last year. also has relatively high short interest at abou

allows veterans and survivors to seek damages for harm from exposure to contaminated water campbell is yoon coal settle rock legal group to discuss your case now called bunny hundred 8149977. >> bob, i cough at chest congestion. hello, 12 hours of relief mucinex dm gives you 12 hours of relief from chest congestion in any cough day or not, mucinex dm, its combat season. now, try and use the next instance, suits or throat medicated drops. >> and maggie, i've been training for a race that i have. it's the longest endurance race that i've done in my life. i started taking balance of nature. it's really important to take care of our health just so we can really be the best that we can be. i have a very strict diet and balance in nature definitely helps me do that >> go to balance of nature.com and get 35% off plus $10 off any additional sets as a preferred customer but using discount code, save that crimea film on your teeth, dr. g. >> it's actually the buildup >> of plaque bacteria which can cause cancer now that he's most toothpastes quit working in minutes, but crespo helps antibacterial flu

so by yoon, who is a panda that lived at san diego zoo for about 20 odd years, gave birth to a lot of cubs there the one of the pandas coming to san diego is going to be a female descendent of baiyun and the other big issue here is conservation, preservation, san diego zoo has been one of the places leading the world in artificial insemination for pandas and also panda baby milk formula both of those help panda breeding in captivity and have helped pandas can bounce back they were endangered. there were fewer than 1,000 left in the wild and china now that number is nearing 2000. so this is panda diplomacy. this is also conservation, preservation. and of course, also so the chance just to see these fuzzy bears listen. i could probably be saying anything right now. no one's really listening to me. you're actually watching what's happening on the screen with the big bear. i get it. i'm just suggested it's always wanting to watch them chew their door creatures that >> yeah. >> i think something that i knew that you did, man, you were listening. well done. >> south short. >> amigos are doi

. >> justice jackson, the earlier one would beg to differ with yoon that score. he thought it was quite important. i think if you look at the skidmore case se, it took into account the view of waiting time. onically enough in that case said you can't havea ight line test one way or the other. the agency has lookedt is and it's going to be more fact dependent. wecan take that into account. in some of the situationsyou are going to be able to look at the agen'sxpertise and make a judgment that this is in theifar and they have made some really good points. in other contacts with the the agency wants you to defer to his own view, which in th case is we ran out of money. it suld be nice if we can impose a fine and continue to monitor these people and make them y for it instead of us. justice thomas? >> i guess what i amstruck by, mr. clement, and this follows fr t skidmore thing. skidmore is not a doctrine of mity. chevron is. chevron is dorine that says , you kn, we recognize there are some places er congressional progressn has run out and we think congress would hav

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eunice yoon joins us from beijing with more.ssue very seriously now, eunice. >> yeah, that's right, sara. i think that's what a lot of investors believe as well, that chinese regulators as well as other authorities are stepping up their efforts to restore confidence in the markets. the country's security regulator had announced new curbs for what they described as zero tolerance approach against malicious short sellers. the state fund linked to the sovereign wealth fund announced it's expanding purchases of etfs of onshore stocks and the authorities also vowed to guide, they say, institutional investors to buy more shares. this comes after the stock prices here had hit multiyear lows. if you look at some of the markets in shanghai, down 14% over the past year, hong kong down 24%, shenzhen down 30%. there's speculation there could be action on the market and economy because of some reports that president xi could be getting a debrief from financial regulators as early as this week. it's not clear as to whether or not those -- tha

in china let's start with eunice, eunice yoon. >> one out of every three cars sold is ev byd had theattery and plug in hybrids last year with prices ranging from 16 to $30,000 tesla is still on top on the high end with its best-seller the model y. at $37,000 to $50,000. the ranges of the byds are around 250 to 375 miles. the model y in the 340 range evs appeal to china's wealthy, tech savvy and environmentally conscious. and to those on a budget the government's ratio of evs to charging points is 2.5 to one with economically developed provinces and cities like beijing and shanghai most quipped. now to europe. >> over 20% of new car registrations in europe were electric vehicles. more than 2 million in one year. but the likes of vw, renault, stellantis, mercedes and volvo developing models for this market bet sellers lretail at upwards f $40,000. and the race has heated up, with competition for tesla and chinese car makers seeing the block as a massive market for new factories in countries like hungary and norway the longest range on sale this year will be able to travel over 350 mile

shipping lines for costco have told their customers they are steering clear of the area andrew >> eunice yoonyou so much reporting from beijing this morning or her evening thanks. >>> merck releasing quarterly results. 3 cents a share adjusted which is better than the 11 cent lost street was expecting on revenue of $14.63 billion which was a beat merck sees adjusted earnings from $8.44 to $8.59 a share over 8 8$8.42 estimate shares down .50%. >>> coming up, the house passing a $78 billion tax package. will there be room for s.a.l.t. relief robert frank will join us with the latest on that and as we head to break, here is a look at yesterday's winners and losers fm e p.roths& >> announcer: executive edge is sponsored by at&t business next level moments need the next level network. . we see mil of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the bac

eunice yoon looking at it. good morning. >> reporter: thanks, joe.efore about china's ghost cities, but as i found out about this city, the degree of overbuilding is much more widespread. thinking of buying a home in china? maybe not this one. this house developmentwas built in 2011. most of the buildings like this one have never been occupied. as you can see, they're not well maintained. >> here in the city of nan tong, pa apartments are everywhere. they're weighing on the economy. >> rhodium has 26 mill up. in in nan tong's case, they were hopin hoping people would move from the country to the city. because of china's demographic decline, nan tong's population is declining. local projections forecast it could take five years to find buyers for all of the new unsold apartments. making matters worse, falling home prices and a bad job market has slowed sales. in 2019 this building would have sold out in two months. today, they're hoping for three years. the fear is many of these homes will never sell and remain a burden on the real estate market. some

let's get to china and eunice yoon with more on the story. eunice >> reporter: thanks, andrew.ipartisan group was led by the house select committee chair on china and china hawk mike gallagher described the situation as rock solid. he, along with four others, met with the current and outgoing president and president-elect who is inaugurated in may. not surprisingly, the chinese government which believes that taiwan is part of the china, was not pleased and critical of the trip the foreign ministry said it opposed the types of official exchange the defense ministry said the $75 million u.s. armed sales which coincided with the trip only emboldened taiwan independence arrogance the state media here today has been citing president xi's chief who was in a two-day meeting with taiwan who said to state media that beijing would aim to contain foreign interference on taiwan this year due to the 75th anniversary of the founding of the people's republic of china there are signs that china is not keen to undermine easing tensions with washington and the san diego zoo which said china plan