. welcome to "street signs." i'm carolin roth these are your headlines european equities trading lower as debate over inflation's impact on shrinking the balance sheet. and we will preview the g20 summit in a few moments.

the owner of primark looks like it's dressed for success. ab foods rockets to the top of the stoxx 600 as it says its outlook has improved thanks to strong performance in its clothing chain good morning we have another jam packed show for you. president trump has made landfall in warsaw where he is meeting with pole lick president andrezj duda he will meet with eastern european nato allies and deliver a speech to the polish people later today. we are also expecting a joint press conference from the two leaders in about 30 minutes time we will bring that to you as it happens. chancellor angela merkel says she expect there's to be difficult discussions at the g20 summit that kicks off in hamburg on friday. this as the city prepares for thousands of protesters demonstrating for a range of causes with much of the tension involving president trump. the imf is cautioning g20

leaders against adopting myopic nationalistic policies echoing chancellor merkel, the imf called for a system with consistent rules forgaavoring international trading. annette ta is liis live in hambg >> thank you very much we arrived in the media center of the g20 venue in hamburg. next to me is the secretary-general of the oacd. let's talk about what you expect from the g20 in terms of economic policy message to the world economy. >> first of all, our diagnosis about the world economy is that it's better but not good enough. you know, we need to work on a number of areas. remember in the g20 we committed to have an additional 2% growth

from 2014 to 2018. of course we are lagging behind. we are not yet there this is 2017 so we only have one more year to get there. so -- there were about 1,000 different policy commitments that were made by the governments. so we have to revise and review that commitment. but also there are a number of areas where the only solution is collective how do you deal with trade how do you deal with the issue of climate how do you deal with the issue of migration how do you deal with the issue of a successful digital policy if it's not in a collective way. so the fundamental message is going collective is not one way, it's the only way. >> how likely is that going into

that meeting let's talk about trade the commitment to free trade was so difficult or hasn't happened during the g20 finance minister's meeting because of the united states. how likely is it that we get a clear message on trade >> the message on trade has to be repeated again and again and again to fight against protectionism and remember that since 2008 there have been about 1,400 different acts that can be interpreted as protectionist on trade. we do this because we were asked by the g20 to deliver a report to them twice a year, together with the world trade organization and the imf and the other institutions but the ocb delivers this report we know blow by blow

so we know blow by blow, measure by measure, sector by sector what is being done basically we commit to fight protectionism and then they go do protectionist action. it's not about a new administration being in this is a trend that's been happening. >> the trend is getting worse looking at the rhetoric coming from the united states today the foreign minister of germany had comments from yesterday night saying he's afraid of a trade war between the eu and the united states how likely do you think these things can happen? >> well, wars are bad whether they're about trade or anything else so we should avoid them at all costs. but the question really is what can we do as a g20 which has most of the world's trade, most of the world's investment, most of the world's financial flows, most of the world's population

what can we do as a collective commitment because if we make that commitment, then, of course, the rest of the world will follow and they will benefit from the decisions that this group of countries take this is the reason behind the creation and the upgrading to leader's level of g20. >> let us also talk about the issue you were talking about briefly in one of the answers, climate change, and the paris claimant it climate. it's one of the issues of angela merkel what do you think, are we getting the u.s. back on board or not how important is it to that accord >> the question is not what a particular country is doing but what is happening in the world about this issue what is happening in the world is in 2015 we got the paris

agreement. and even with all the commitments, by every single country in the paris agreement we were still not at two degrees warming. we were above two degrees warming, between three and four. so that means even if you enforce and everybody sticks faithfully to the commitment of paris, we are still not there. this is why 2018 next year is so critical we will have a stock taking, then every five years we will see we have to accelerate, if we are going in the right place, going the right direction. and which country is doing better which country is falling behind in order to encourage them and maybe help them through financial means or technological means in order to catch up >> so you're saying that even if, like, one big country doesn't participate, it's okay if 3 of the 19 are even saying, okay, we are agreeing stricter

measures >> it's not only the other 19. it's also the rest of the world. remember, the reaction to the announcement by the united states but even in the united states, and here i'm not trying to, let's say, to reduce the impact of the u.s. leaving. that was obviously not good news but what is happening? not only the rest of the world confirmed but what happened is a reaction by governors and by the cities and by the private sector, and by a whole culture in the united states it's the most vibrant society. everybody is out there, you know, trying to outdo each other. there's going to be competition among companies to see who is the greenest

the consumer will be rewarding the companies that are greener et cetera. >> the problem is there's still also three years to actually leave the agreement, maybe there's room for reconsideration. we just delivered a report to angela merkel called investing in climate, investing in growth, we're saying maybe it's good for the environment, it can be good for business, for jobs, for growth if you do it right. >> hopefully we can convince donald trump as well about that. thank you very much for joining us here. have a good day here in hamburg. so, with that i'm sending it back to you. it's an interesting day. leaders are arriving here in hamburg. we'll have meetings tonight between angela merkel, donald trump and potentially the

turkish president, rdogan. britain foreign secretary boris johnson calls north korea's missile test reckless and illegal. johnson implored the world to unite against its actions. china's foreign ministry urged all sides to remain calm and exercise restraint over north korea. the u.s. warns it is ready to use force against north korea to stop the country from developing its nuclear missile program. speaking at a u.n. security council meeting on the haven'ret icbm test, nikki haley said america would prefer a diplomatic solution but north korea is closing off the possibility. >> the united states is prepared to use the full range of our capabilities to defend rouoursee and our allies one of our capabilities lies with our considerable military forces we will use them if we must. but we prefer not to have to go

in that direction. changing topics for a moment looking at comments coming from the chief brexit negotiator from the eu side, michel barnier, is he speaking in brussels at a business forum his wording when it comes to brexit is quite harsh and candid he said it is impossible for the uk to leave the single market and keep the benefits after brexit it's impossible for the uk to have frictionless trade with the eu after leaving the single market he said a custom union without a single market does not enable free movement of goods. the trading relationship with the uk after brexit will involve friction. sir richard branson says the uk general election result has greatly diminished the chances of a hard brexit he added that the uk will likely opt to rejoin the european union once the damaging economic consequences of brexit become clear. >> global trade protectionism is so unhealthy

i think what's happened with brexit was a terrible, terrible mistake. both for europe and for great britain. and it will set great britain back, you know, i don't know -- it may take years for it to recover. you know, what is happening in america at the moment is extremely unhealthy, and dangerous. we will certainly speak out on that and i'm just hopeful that if you turn the clock forward a few years you will find more and more young people getting a bit older in the uk. i think they'll be demanding another referendum, they'll be demanding to be part of europe i think once people have lived with donald trump for another two, three years, i'm hopeful that things will get -- will reverse in america and decency will come back in. and, you know, walls can be broken down again. >> let's show you what european

markets are up to. we are rather mixed today. the ftse 100 is hovering above the flat line. same for the xetra dax and the cac 40 is off by 0.2%. what you're seeing with the sectors, autos, telecoms doing better travel, leisure and construction underperforming. a lot of company specific news i want to get to associated british foods parent company primark has revised the full-year outlook higher it took the step after a 13% jump in third quarter revenues for the group. primark sales grew 15% it expects operating profit margin to remain stable rather than decline the company says it is benefitting from sterling weakness but warned that currency tailwinds are likely to diminish in the current quarter. sodexo in france trimmed its full-year sales growth goal to a range of 1.5% to 2% down from an

original forecast of 2.5%. weaker activityin healthcare and universities in north america weighed on the results sodexo said the full-year operating profit growth would come in at the low end of the range at 8% to 9%. coming up, electric blues for tesla. we tell you why the automaker shares took a slide in yesterday's trading session. that's after this short break. back in two. these days families want to be connected 24/7.

that's why at comcast, we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. welcome back to the show tesla shares had the worst day in over a year following more than 7% in yesterday's trade that as the electric carmaker's delivery numbers disappointed investors. cnbc's phil lebeau has the full story. >> reporter: shares of tesla under pressure after a note from

goldman sachs cut the price target for the company and warned about lower margins in the second half of the year. this revolves around the second quarter deliveries the company announced earlier this week. tesla delivered more than 22,000 vehicles and made the first half target of delivering at least 47,000 vehicles, but goldman sachs out with a note saying it looks like model s and model x demand may be plateauing at about 24,000 per quarter as a result it cut its price target for tesla down to $180 a share, half of where it started today. tesla in the second half could see lower margins according to goldman sachs. keep in mind, this is a company that has a huge second half in store including first deliveries of the model 3 starting later this month and then ramping up production in the second half of this year. tesla has not given its full-year delivery guidance yet, but it has said it expects to build at least a half million vehicles in 2018 next year. so there's a big ramp up in

production and a lot of people on wall street are looking at tesla saying can it meet the projections that have been set out. three of the world's biggest energy companies have reportedly pushed qatar to expand its gas production by 30%. according to reuters, the ceos of exxonmobil, shell and qatar have lobbied for an increase in output of licky quefied natural. four arab countries are expressing disappointment to qatar's negative response to their demands but declined to put new sanctions in place the details of the response from qatar has not been made public speaking during a visit to the uk, qatar's foreign minister defended its ties with iran and claims saudi arabia recented qatar's growing role on the world stage. >> we believe the main issue is not about terrorism, the main

issue is opposing differences. and the way to shut the other voice. maybe they are looking at qata , this as erdogan is reiterating his support for qatar saying the demands against the isolated state are unacceptable he said he would only close turkey's military base in doha if qatar wants it to. speaking to cnbc, daniel surg juergen raised the question of why the gulf rift is not having a bigger impact on the oil market >> you have a standoff between key persian gulf countries qatar was one of the countries that helped broker the opec deal between saudi arabia and iran. and now they're at loggerheads with no clear exit ahead >> let's talk central banks. yesterday u.s. federal reserve members were split on the

inflation outlook and how to factor it into the timing of future interest rate hikes that's according to the minutes from the fomc's june meeting when the committee boosted interest rates amid muted inflation. fed chair janet yellen called a recent inflation decline temporary and the minutes reveal general agreement that it will rise to the 2% target in the long-term. let's discuss this further with the global economist from fidelity anna which camp with you in, the cam that sees the lack of inflation as being extremely temporary or do you think this is a much deeper problem for the u.s. economy >> i think when we look at inflation, it seems that this weakness is likely to be much more persistent rather than transitory it's interesting that in the minutes we saw the division among the participants with hom hi some highlighting this issue and saying while we may want to wait longer to see confirmation that

inflation moves towards the target i think it's persistent, perhaps before the end of the year this issue will definitely become a bit more pronounced and we will have to reassess its outlook. >> by reassessing its outlook, do you think they are actually done in terms of hiking interest rates this year? they were forecasting at least one more hike. the market is more cautious on that do you think the market is right? >> i think they are done i think they will kick off the balance sheet normalization and i think the minutes made it clear in terms of timing i think september is probably highly likely now. after that, given that inflation is probably going to move lower or perhaps going to be subdued at current levels, also given that the economy is not actually as strong as it seems, at least as the fed paints it out to be, i think we'll have to stop and expect no hike in december >> so you don't think a very strong jobs report on friday would alter the picture in any way, shape or form, not just

this friday but also in the subsequent months? you think the outlook and the focus is clearly on inflation, not so much on other indicators? >> i think the fed's confidence comes from the strong jobs report and i actually think that given that the labor market is tight, inflation will come. this is the biggest puzzle, the labor market has been so tight for so long, there's still no inflation. so i think what will be crucial is actually whether we will see inflati inflationary pressures or not. if there is no inflationary pressures further moves will be questionable >> the lack of inflation is not just persistent in the u.s., it's a big story for other parts of the global economy such as the eurozone, such as -- well the uk is a different story due to the plunge in the pound sterling if we're seeing lack of inflationary pressures around the world, do you think this talk of tightening when it comes to the ecb is premature? do you think they should not be doing it >> i think in the case of the

ecb, actually the starting point is different they're starting from this extreme accommodation in an environment where growth is accelerating inflation is picking up a bit on the margin and actually there is still some slack. there is still some outlook in the eurozone there is some explanation for why inflation may not be accelerating i think that the ecb should start moving towards normalization in policy which it is doing already it will be extremely gradual because we saw from the market reaction last week, after some hawkish comments from ecb, they asked about the taper tantrum and this exit will not be smooth >> it will not be smooth we know that exits just like the taper tantrum showed back in 2013, they tend to be quite messy. i love your notes and comments when you say while synchronized easing was a good thing, tightening with markets completely dependent on central bank liquidity will not be easy. how will they do it? do you think there will be a

coordination between the ecb, between the boj when they talk about tightening even though they have not commented on it at all? do you think there will be coordination among the global central banks to the extent we saw coordination when we saw this easing drive? >> i think there's already some coordination, and the last week ecb forum the message was quite clear. across most of the central banks they are moving towards tightening, they're seeing better economic growth, but leading indicators are pointing to growth running over the next few months so they are triing ying to coore but ultimately they will not be able to follow through because of growth potentially rolling over and some external risks like china resurfacing by the end of the year. so i think there's also a lot of similarity in terms of the financial conditions central banks are so sensitive to the market reaction, they

want to tighten, perhaps not too much something that can stop them from this coordinated tightening is a correction in equities which would lead to tighter financial conditions, and this means again this coordinated wave of tightening is unlikely to continue. >> you'll stick around we'll talk global central banks and policy missteps further. anna is sticking around. president trump is due to speak in poland in a true minutes. we'll bring that you speech live on "street signs."

hello. welcome back to "street signs. i'm carolin roth these are your headlines european equities are mixed as debate over inflation's impact and shrinking the balance sheet. president trump kicks off his european trip in poland ahead of the european summit where trade is expected to dominate the agenda. >> the message on trade has to be repeated again and again and again to fight against protectionism. this is a trend that has been happening. we have to reverse it. >> shares in sodexo plummet

after it lowers its sales guidance as under-performance in its u.s. healthcare and university business weighs on the third quarter. all right. quick look at u.s. markets this morning. when it comes yesterday we saw little action in the markets on the been of the july 4th holiday this morning we're expecting a slightly weaker start to the session. the s&p 500 seen off by 3 points the dow jones seen off by 5 and the nasdaq off by 12 points. the nasdaq yesterday snapping a three-day losing streak. donald trump and the polish president, ondrezj duda are expected to hold a press conference we'll bring you that speech as soon as it begins. the ftse 100 in europe is

flat same applies to the xetra dax in germany. the cac 40 is off by 0.1%. there is a lot more action when it comes to the bond market. yes, people are getting excited about that this morning. i want to kick things off with the german yield curve you're seeing that the yields across the board for europe, they're rising this morning in expectation of more taper talk potentially coming from the ecb later on today look at the ten-year bund yield, it is very close to crossing the 50 basis point handle once again. just a quick look at some of the other yields across europe they're all higher to the tune of 2 or 3 basis points this morning in expectation of more taper talk overall harvard economics professor kenneth rogoff told cnbc that questions remain over what exactly is driving recent interest rate movements. now, let's head out to warsaw where president trump is now

speaking >> translator: to welcome to poland the president of the united states of america, mr. donald trump i am delighted with this visit this visit in warsaw, which is one of the first international visits paid by mr. trump this visit stress our bond and the high quality of the alliance between poland and the united states it demonstrates that we are and that we mutually assess each other as loyal partners, as those who cooperate on many different areas, including the area of security within nato alliance and today this was one of the topics of our discussion that we had during our meeting with mr. president followed by a planary

session of the two dell gags,de. we talked about the security situation in this part of europe, apart from that we mentioned the situation in ukraine. we talked about the upcoming military exercise which will take place in belarus. we also talked about contracts connected with the modernization of the polish armed forces we discussed -- already entered into agreement between poland and the united states on purchasing patriot missiles. we discussed the implementation of the program we discussed the implementation of another program

we discussed the strengthening of poland. ladies and gentlemen i'm delighted after these conversations, i have a feeling that the united states is thinking seriously and mr. president trump is thinking seriously about poland's security he is also thinking very seriously about the united states of america as our loyal ally the president stressed very strongly that strength of the polish community in the united states of our polish american whom he met even before elections. mr. president, once again, thank you very much for that thank you for noticing also the contribution of polish americans and polish people in the development in the building of the prosperity of the united states of america. apart from that, ladies and gentlemen, we talked about contracts, not just about mill ti military ones but also i'm

pleased that -- this has turned out hugely successful. there were no problems there were no barriers to ship that gas to our terminal through the lng terminal this hopes up the path to more contracts. i hope in the near future there will be a long-term contract entered into for lng gas deliveries from the united states and that through this we will diversify sources of supply of this hugely important material to poland in a few moments, together with mr. president, we will attend the three cs summit where we will discussion energy pertaining to energy security and the development of the transatlantic bond between europe and the

united states. we will also talk about the infrastructure in our part of europe, in central europe. but we also are going to discuss the development of the european union. whenever we talk about the implementation of the cohesion policy, then we are looking at it from the european union perspective. we want to implement it through the development of infrastructure along north south axis to increase competitiveness of our countries, by the tame to same token to increase the competitiveness of the european union. this will be beneficial for the united states and our country. mr. president, once again welcome. i'm hugely delighteded with your visit in poland and my capacity as the president of the republic of poland. thank you very much for coming to poland. thank you, mr. president

mr. president of the united states, the floor is yours >> thank you very much, president duda for your gracious hospitality. we've had a wonderful stay, it's been quick but the people of poland have been so fantastic. as you know, polish americans came out in droves they vote in the last election and i was very happy with that result i want to thank you and i want to thank them. it's an honor to be here in poland it's a majestic nation a spectacular place. some of the most beautiful sites that we saw coming over. very inspirational you're rich in history, and you have an absolutely unbreakable spirit that's something we learned over the course of many years the president and i concluded a productive meeting in which we reaffirmed our enduring bonds of friendship and have united our

citizens for a long time we've never been closer to poland i think than we are right now. poland is not only a great friend but an important ally and a partner with respect to our military we had great cooperations with poland, fought shoulder-to-shoulder in many different encounters particularly grateful for the active role poland has taken in helping to defeat isis where we made tremendous strides, deme tremendous gains, and other terrorist organizations, poland has been right there with us by training iraqi special forces and flying reconnaissance missions and just about any time we requested they were there brave polish soldiers have fought and worked side by side with americans in iraq and afghanistan and on behalf of all americans, i want to salute you,

i want to thank you. very special people. i want to thank the polish people for their kindness to more than 5,000 american troops that are stationed in your country. our strong alliance with poland and nato remains critical to deterring conflict and ensuring that war between great powers never again ravages europe and that the world will be a safer and better place america's committed to maintaining peace and security in central and eastern europe. we're working with poland in response to russia's actions and destabilizing behavior we're grateful the example poland set for every member of the nato alliance by being one of the few nations that meets its financial obligations. as you know, i've been pretty hard on some of the members of nato for not, and the money is pouring in i can tell you, i was

criticized, mr. president, but i can also say that the people of nato are not criticizing me. they're happy. the money has been pouring in in the last year, far greater than it ever would have been. it's past time for all countries, and all countries in the nato alliance to get going and to get up to their onably gags but i can say that poland has been right there you will even exceed that number and i appreciate that very much. during our meeting i congratulated president duda on poland's recent election to the united nations security council. we discussed our mute cual commitment to the rule of law. poland joins the security council at a critical time it's a critical time for the world because you see what's going on not only must we secure our nations from the threat of terrorism, but we must also confront the threat from north

korea. >> that's what it is it's a threat. we will confront it strongly president duda and i call on all nations to confront this global threat and publicly demonstrate to north korea that there are consequences for their very, very bad behavior. we also discussed the ongoing humanitarian catastrophe in syria and the need to defeat isis and other terrorist groups where they control territory and populations. we fought very hard and powerfully against isis since i've been president. and we've made tremendous gains, far greater than has ever been made with respect to that group. while the cities of raqqah and mosul will soon be liberated from these murders, criminals and butchers, we recognize syria

requires a political solution that does not advance iran's destructive agenda and does not allow terrorist organizations to return we also reaffirm that any nation that values human life can never tolerate the use of chemical weapons. we won't tolerate it either. we agreed to work to expand commerce between our countries we support the three cs initiative and america stands ready to help poland and other european nations, so that you can never be held hostage to a single supplier or as we sometimes call it a monopoly i'm pleased to report that the first shipment of american liquefied natural gas arrived in poland last month and there will be many more coming. maybe we can get your price up a little bit, that's okay. he's a tough negotiator. we look forward to making the economic ties between the united states and poland even stronger

through trading relationships, and that is a balanced and re p reciprocal one we want reciprocal trade relationships. i said before that the united states has made some of the worst trade deals ever in history. that's going to change that's going to change the friendship between our peoples dates back to the american revolution, it's a long time i look forward to speaking more about these enduring bonds of faith and freedom when i address the entire polish nation in just a little while i hear we have a big crowd, mr. president. i think they're showing up for you, not for me, right we'll have a big crowd that's what the word is. so president duda, thank you again for welcoming melania and myself to your beloved homeland. together we can make the partnership between our two nations stronger than ever before special people, special place, and it's an honor to be here

thank you. >> thank you very much [ speaking foreign language ]. >> thank you, mr. president. we have time to take more questions. let's start with a guest from the united states. is there any question from the u.s. side? >> david >> thank you, mr. president. in light of north korea's latest icbm testing, do you think they're beyond redemption or is there a chance they might make a u turn are you willing and ready to launch military action against them if i may, if i may, i have to ask about this, since you started the whole wrestling video thing, what are your thoughts about what has happened since then cnn went after you, and has threatened to expose the identity of a person they said was responsible for it >> yeah, i think what cnn did

was unfortunate for them as you know now, they have some pretty serious problems. they have been fake new force a long time. they've been covering me in a very -- very dishonest way do you have that also, by the way, mr. president cnn and others nbc is equally as bad, despite the fact i made them a fortune with "the apprentice." they forgot that i will say cnn has really taken it too seriously. i think they're hurt themselves badly. very, very badly and what we want to see in the united states is honest, beautiful, free but honest press. we want to see fair press. i think it's an important thing. we don't want fake news. by the way, not everybody is fake news. we don't want fake news. bad thing. very bad for our country as far as north korea is concerned, i don't know. we'll see what happens i don't like to talk about what

i have planned i have some pretty severe things that we're thinking about. that doesn't mean we're going to do them. i don't draw red lines president obama drew a red ine i made it look a little bit better than it was, that could have been done sooner and you wouldn't have had the same situation you have now in syria. that was a big mess take mistake we'll look at what happens over the coming weeks and months with respect to north korea it's a shame they're behaving this way, they're behaving in a very, very dangerous manner. something will have to be done about it thank you. >> mr. president, since we're speaking about press freedoms, your party significantly clamped down on press freedoms in the past year and appears to b weakening the power of the national courts as well. do you think that people who live in other modern democracies including some americans are wrong to criticize you for

limiting which reporters can cover the parliament >> translator: to respond to your question, sir, media order is very significant thing indeed when we look at the situation in the united states, when we look at the situation in poland, in every case you can see a lot of pathologies. i can give you an example of one of polish magazines which compared to tv channels of two different broadcasters, and as an example one of those broadcasters did not report about my visit to croatia. the visit of the republic of poland to croatia, which was a important one. this broadcaster does not like me as the president of poland. i'm permanently criticized by that broadcaster i believe this is the reality. this is the right of the media

in poland we have absolute liberty and freedom of the media. problems were there during previous governments also when the president was in office, one of the magazines was visited by a special services in order to take away recordings which are compromising for all the politics of the previous ruli ruling, now we have freedom of the media we do have the freedom of the media now a question from the polish side >> one question, please. >> one question concerning energy both of you mentioned energy sector and deliveries of lng my first question goes to president trump. in what time perspective do you

think a permanent contract could be entered into to ensure lng gas deliveries to poland and the question to president duda, could poland become a certain husband for the transportation of american gas a hub to three seas countries? >> i think we can enter a contract for lng within the next 15 minutes do you have anybody available to negotiate? it will take about 15 minutes. we're becoming a great exporter of energy. very soon we'll be a very great exporter of energy we've taken a lot of unnecessary regulations out of process we're doing things that we haven't been able to do for a long time. we're blessed with great land. we didn't even know it 15 years ago, what was underneath our feet certainly we have found out through technology that we are truly blessed to have this incredible wealth under our

feet we will be an exporter of energy it's already happening, and any time you are ready we can do additional contracts we've done the one, but we can do many additional contracts >> translator: ladies and gentlemen, i can give you the following answer it is not the president of the united states and the president of poland who are going to sign the long-term contract for lng gas deliveries to poland but the countract will be signe by polish companies and american companies. this is how it will be proceeded. the most important thing is that there is green light given by the u.s. government and by the u.s. administration that there is an incentive given by americans for us to buy gas from the united states. and on the polish side, there is also a green light there is interest in this particular thing so i count that after relevant

negotiations, i know those negotiations are ongoing after the conclusion of those negotiation there's will be a long-term contract for u.s. lng deliveries to our lng hubs, and can we become a hub where lng gas can flow i believe the answer is yes. today we will talk about this, and the framework of the three seas initiative. this is connected with the establishment of an energy corridor, of a gas corridor along the north/south axis, but also in the future this could ensure perhaps alternative supplies, vis-a-vis russian supplies for ukraine this is of primary importance this is what we discussed today with mr. president trump i'm convinced the future is very rosy on this one very bright, the contracts will

be entered into. of course we, on our part, according to need also develop our capacities as regards to the reception of the lng gas from the u.s. and from other directions media is free in poland, now a question from tvn. >> a question to both presidents you men shuctioned military cooperation. i would like to know during your exchange were there any concrete guarantees given to the united states troops in poland? >> we didn't discuss guarantees. we weren't really in that position to discuss guarantees certainly we've been here for a long time. we have quite a few troops here. up to 5,000. we will continue to do that. and we will continue to work

with poland. but we did not december cuss guarantaur discuss guarantees, no >> with mr. president the topic we discussed was the security situation we have here we discussed in the context of what's happening in our part of europe, in the part of the 17 maneuvers, from that point there's no doubt that the presence of american troops and nato troops in poland today is absolutely justified from this perspective. if we add to this the situation we're seeing in ukraine all the time, it's absolutely clear. but we are going to discuss it further with mr. president we made an initial agreement to meet next year in the white house. we agreed i will pay a visit to the united states next year. the detail also be wos will be t later on that is important for us poles

and the polish american. next year we will celebrate the centennial of poland's independence, i would like to stress the importance of that year this shows the contribution of the polish people to the welfare of the united states >> last question from the american media very quickly, please perhaps mr. trump will select the next journalist. >> thank you, mr. president. a two-part question, if i may. will you once and for all yes or no definitively say that russia interfered in the 2016 election? >> i think it was russia, and i think it could have been other people and other countries could have been a lot of people interfering. i said it very simply. i think it could very well have been russia, but i think it could well have been other countries. i won't be specific. i think a lot of people interfered i think it's been happening for a long time. it's been happening for many, many years the thing i have to mention is that barack obama, when he was president, found out about this

in terms of if it were russia, found out about it in august now the election was in november that's a lot of time he did nothing >> we are coming out of this press conference for the time being. trump saying it could have been russia that interfered in the u.s. election t could have been others they talked about north korea. trump says he has some severe things that the u.s. is think being with regards to north korea. he says he doesn't draw red lines. that's it for today's show i'm carolin roth "worldwide exchange" is up next. we'll see you tomorrow

. good morning breaking overnight, the president vowing to take action against north korea. we'll bring you the highlights of his speech moments ago live in europe. wait and see mode. global stocks are little changed as investors focus on the g20 summit and tomorrow's jobs report and a test for tesla new crash rating is raising questions about the safety of the model s. it's thursday, july 6, 2017, "worldwide exchange" begins right now.