lou: thank you for being here. again our congratulations and great success with the bad. john o neil. >> thank you. lou: that's it for us tonight. >> we are talking about interest rates, paris, china, north korea headlines out there. not a lot of fear, not a lot of panic. trying to break in this morning from investors were spooked by raising interest rates, inflation worries and geopolitics is north korea threatens to pull out of an upcoming summit with president trump. transfer the data syncing 200 points yesterday snapping in a winning streak with the blue-chip average in negative territory for the year. 10 of 11 s&p sectors down yesterday. train to better than expected news hurt stocks.

throughput of 1% at 0.6% right now. around the highest levels we've seen in seven years. gerri: stock market futures right now marginally higher what we've been seeing so far this morning. develop six, s&p up one, nasdaq up three. cheryl: traders are watching whether the u.s. will impose new sanctions on airbus after world trade organization ruling in favor of polling. all the market slightly higher. >> north korea's threat to pull out of this summit on stocks, markets in japan, shanghai and hong kong lower by about half a percent. train to amazon wants 100 million prime members to shop for whole foods. "fbn:am" starts right now.

gerri: 5:01 a.m. in new york on wednesday, may 16th. i'm gerri willis in for lauren simonetti. cheryl: i'm cheryl casone. they are giving a discount for whole foods. gerri: that is in stores, not online. the wiki news this morning in north korea threatening to cancel next months meeting between president johnson and kim jong un in singapore. if the u.s. is trying to drive us into a corner to drive for nuclear pandemic will no longer be interested in such dialogue to the u.s. senate. >> this is happening as the north has canceled the planned meeting with south korea. great talcott in london with details. >> signs of turbulence in the smooth fine relationship between the korea and the u.s.

the air exercises canceling a meeting planned for wednesday between north and south korean officials at the dnc. north korean state media going on to say the united states will also undertake careful deliberation about the fate of the plan north korea u.n. summit in light of the provocative military practice conducted with the south korean authorities. state departments of the trolls are not provocative. >> kim jong un said he understands the importance the united states that the strength exercises continue to go on. >> this summit involving north korean leader kim jong un and president trump is going forward with planning. some more cautious of the warm words. >> i don't think we should trust them. on the other hand it's good we are having direct dialogue. for some positive signs recently that the summit in singapore could be successful.

north korea is going ahead with dismantling its nuclear test site set to be shut down next week. the u.s. remains focused on getting rid of its nukes. >> certainly prioritization on t. nuclear station because that is the core we have said. >> even if the north does show up, they only offer praise disarmament to the united states. >> when they see president trump in singapore company he should give something big to president trump. >> the white house said we are aware of the south korean media reports. we look at what north korea has said independently and continue to coordinate with our allies. in london, greg talcott, fox news. cheryl: well, president trump's campaign promised to renegotiate the north american free trade

deal this year is running into trouble. the minister telling "the wall street journal" that it doesn't look like a new agreement will be ready in time for tomorrow's deadline. the administration hoped congress could vote on new deal before the midterm elections in november they sticking points include u.s. demands for a five year sunset clause and dropping procedures to resolve disputes. gerri: at crucial trade talks in washington between the world's two biggest economies. top u.s. officials working with premiere to strike a deal. >> edward lawrence in washington with details. reporter: good morning, gerri and cheryl. china's top trade official, senator john korn and says we need to be tough on china. >> that is the fact that china is a serial cybertheft from a

thief i should say when it comes to property. this is international complications. drink the trump administration wants to protect intellectual property. the u.s. wants china to remove terrorist to u.s. companies. finally the president wants a reduction in the trade deficit of at least $200 billion by the year 2020. the democrats as you can imagine that support the president. >> he talks a big game on china and yet this weekend on the toughest thing he did provoke the chinese made them think we were serious. the president back off. >> is referring to the tree we made that will help zte. crippling sanctions in place those of us can't telling u.s. technology to north korea and iran and light. sources say the president wants china to remove tariffs on agricultural products and they

will help zte survive as a company. wilbur ross that is china's largest customer they need us more than we need them. back to you. cheryl: also following this. two of the president's favorite candidate winning the gop senate primaries in pennsylvania. congressman lou barletta heavily favored a return christiana care the republican challenger for democratic senator bob casey in november. >> i was also told that i would never be mayor. i was mayor for three terms. the beta 26 year incumbent another thing i'm not going to be bob casey and we are going to beat e. gerri: that's one happy guy. sam fisher defeated for challengers. strong favorite to win reelection this fall in deep red nebraska. cheryl: facebook cannot catch a break.

the company admitting to another data leaks. gerri: another embarrassment on another day. tracee carrasco added more headlines. good morning, tracee. >> potentially exposed out of 3 million facebook users contain the answer to a personality trait test. while it didn't include users names come in many cases it did show their age, gender relationship status sending a status update. "the new york times" reporting the justice department and fbi are investigating cambridge analytica and wants to question former employees and banks that handle its business. gerri: the beat goes on. target is fighting to stay in the retail game. >> keeping up with amazon, target is slashing its next day delivery almost in half for three stocks shopping service for u.k. and phillip boca staples that shoppers will pay $2.99 instead of $4.99.

if you have a target or debit card you won't pay a fee at all. >> getting competitive with wal-mart. they really didn't get their game. amazon is giving prime members finally a deal with whole foods after all these years. >> i'm looking forward to this one, too. amazon prime members will soon get 10% off sale items at whole foods along with discounts on other select items. this will start in florida today and extend nationwide this summer. to get the deal you'll need to download the whole foods after that will create a code you scan at the checkout or link your phone number to your private account and then account and then tried to check out similar to the other grocery store loyalty programs they have. gerri: maybe we can finally stop calling them whole paycheck. >> yeah, half paycheck.

cheryl: well, we've got a lot more coming up. keeping a close eye on the big island of hawaii. the u.s. geological surveillance upgraded kilauea from orange to red as the volcano eruption has intensified overnight. we've got details. and president trump's picture by the cia has been confirmed. the latest on a yes vote. take a look at your futures this morning. slightly in the red. the dow is down eight, s&p down four points. nasdaq flat. you are watching "fbn:am." ♪ we know the value of trust. we were built on it. back when the country went west for gold, we were the ones who carried it back east. by steam. by horse. by iron horse.

over the years, we built on that trust. we always found the way. until... we lost it. but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018.

gerri: welcome back. let's get you caught up on what's happening now. checking u.s. features now, lower today. dead on 10, s&p down half a point on the nasdaq down three quarters of a point. hawaii residents and regular. the big island kilauea volcano is growing more explosive as the massive growth in the sky. u.s. geological survey upgraded its previous volcano warning signifying that interruption could be eminem. for than 2000 people fled the area and two dozen homes have been destroyed.

president trump's nominee to head to the cia moving closer to confirmation. gina haspel's confirmation expected to be voted out of committee and heading to the senate where she's all but guaranteed confirmation later this week. three democrats including mark warner announcing their support after she wrote a letter pronouncing the agency's controversial interrogation program. the fbi has identified a suspect of one of the biggest breaches of classified information never at the cia. joshua sheltie charged by prosecutors in manhattan but not what they preach. church with possessing child. while searching chill to the apartment he was also suspected a pages of documents detailing how the cia breaks into computers, smartphones, messaging applications and television sets. that is what is happening now.

investors are pretty much starting to bet big on the u.s. economy bad for stocks prevailed in the benchmark 10 year treasury is through .06% came to tight level since 2011. seven years, guys. this after strong retail sales number highlighted the momentum, rising rates coming amid fears of trade work between the united states and china. for more on all of this, and john, good morning. let's first talk about what we saw with interest rates yesterday. a discussion happening among market participants. we could see for fed interest rate hikes and we also saw some news coming out of the home builders hitting the sack her. would you make of what you saw yesterday? >> with seven straight three trading days of positive movement to the upside for the s&p 500. it was a day where good news

equals bad news, with the retail sales numbers for stronger but they indicated the fed has to raise rates faster than it and that's what she saw yesterday. cheryl: i mention the home builders because a jump by 2%, but lumber costs are going higher. faulty, one-hour, all of those stocks getting hit. the homebuilders up one side, financials on the other which is interesting because the environment would be good for the banks. >> you have it at the point of having a diversified portfolio. we are in a market where they will go this way. we don't know where the direction it's headed. the case for the bold is very strong, the case for the bearish is very strong. it's important to spread across different buckets. >> the other story we are following. the news that broke yesterday afternoon the north koreans canceled a meeting with south korea and a threat and should

not meet with president trump and the fallout that continues from the iran nuclear deal. >> interesting to that point i guess it's on the mind of investors, but bond yields went higher. if investors were really concerned about that, with a phrase the high-quality portion of the bond market and see the bond market rally. we didn't see that yesterday. it's pretty telling investors are focused on the economy rather than international yesterday. >> the dollar hit a one-week high as well. look at their fear gauge of the volatility index kind of in the 13, 14 range with it. the analyst, goldman sachs yesterday said the fear gauges should be more like 18 so we are not getting the true story of the underlying problems of the market. >> i don't know where the fear gauge the handover should be.

stocks will continue to remain volatile in the underlining fundamentals are strong enough for this tips investors should the for the long-term. >> look for the deaths and then i get more in this environment. thank you so much for being with us. >> coming up, janice dean warned us yesterday as severe storms during delhi in the northeast. the storms have moved out now and here to tell us what his next with all of this unsettling weather. future is moving lower for the u.s. features. the dow down 17, nasdaq down to. you are watching "fbn:am." ♪ mom? dad? hi! i had a very minor fender bender tonight

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>> did you get caught and the wicked weather pounding the northeast? three people dead after powerful storms torture the region. a little girl died when a tree fell on a car in upstate new york. two other people killed by falling trees in connecticut. cheryl: strong winds have caused trouble in new york city as well sending metal beams flying all over with as you can see in your screen. nightmare commuter rush-hour. thousands of people stranded in new york's grand central terminal after down trees temporarily suspended some surveys. almost 200,000 now. still without power in new york. gerri: foxing a meteorologist janice dean with what we can expect today. >> a quieter day, but we will still have potential for rain

are forecast for the rest of the work week heading into the weekend. the frontal boundary where we will see a potential for more moisture as they get through the next couple days. temperatures cooler than ever. 63 new york 48 in chicago, 68 in jacksonville. here at the star reports we had over 500 storm reports from a couple of systems across the eastern half of the eastern third of the country. turning to reports, hail and damaging winds across the northeast or the damage is still yet to be determined. the national weather service will go out and assessed the damage, but we are going to remain in the stormy pattern for the next several days. forecast rainfall in some areas have received three to five inches and an additional three to five inches the next several days including the mid-atlantic and northeast. the good news is we need the rain in some cases.

eastern third of the country remained stormy. better across the u.s. 95 in houston and a very hot 99 in phoenix. back to you ladies. gerri: you are right yesterday. cheryl: you are right about the marathon in november. i've listened to you every day since. coming up, should we really be surprised by this? north korean leader kim jong un threatening to fall out of the u.s. on that. is he serious? imagine president trump's reaction to this. more production problems that tesla shutting down a factor for six days. getting a new investor billionaire george soros. taking a look at stock market futures on this wednesday. the dow starting to pull back a little bit. dow down 23. s&p up two and a quarter. you are watching "fbn:am."

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>> kim jong surveyed had said previously that he understands the need and the ability of the united states and the republic and of north korea to continue ensuring exercises. >> north korea canceling a planned meeting with south korea and threatening to pull out of next month's. a live report is moments away. >> the data seeking to honor points yesterday with an eight-day winning streak to the blue-chip average back in negative territory for the year. >> rising interest rates on better than expected due is hurting stocks the 10 year treasury yield pumping out 3.1% and that is the highest level in seven years. >> looking at features now, a little bit of a pullback.

dow down 23 in the premarket come s&p down two and a quarter, nasdaq down six. gerri: traders watching whether the u.s. will impose sanctions on airbus after world trade organization ruling in favor of boeing. the ftse higher here. the dax higher as well. drink your asian north korea threats to cancel the u.s. summit is waiting on market. stocks in japan, shanghai, hong kong all over the pekoske barely a good gerri: apple self driving car about to hit the road in the golden day. the company getting state permits to operate more autonomous cars than googles way about. that is right. "fbn:am" continues right now. cheryl: coming up 5:30 a.m. in new york had went economy 16th

good morning. i'm cheryl casone. gerri: good morning i'm gerri willis. north korea threatening to pull out of next month's summit between president trump and kim jong un in singapore comes as the north canceled a planned meeting with south korea. south korea. cheryl: griff jenkins live in washington with all the details. >> good morning cheryl and gerri. overnight north korea's vice foreign minister introduced a statement saying if the u.s. is trying to tie this into a corner to pressure unilateral nuke dealer abandonment, will no longer be interested in such dialogue and cannot reconsider proceedings to the summit after the north canceled the key meeting with south korea over provocative military rockets. the u.s. and south korea maintaining military drills mack's vendor exercises the pentagon calls training. the state department says they have not been notified by the rogue regime of anything to the

contrary. >> we have not heard anything from that government or the government of south korea to indicate that we would not continue conducting these exercises or that we would not continue planning for a meeting between president trump and kim jong un next month. >> cia or, former cia or john brennan enamored with policymaking process with pitfalls as well as potential disasters. john bourassa was more optimistic but cautious. >> i continue to be skeptical. this is the best opportunity we have to get rid of nukes in a peaceful manner. >> still set for june 12, the white house continue preparations unless they hear differently directly from north korea. my guess, the prediction here is we may learn more and twitter today. stay tuned.

>> the president should be getting at. he's already awake. we'll see what he has to say. patrice woke up, analyst at the independent women's forum ben james care if i know, foreign policy expert. good morning to both of you. patrice, one of the past diplomat says they will not be interested in talks anymore if they come in many mass, only try to push us unilaterally to say trample remained a failed leader. this does not remain a positive outlook for the senate. >> they are pushing back and trying to actually secure this meeting. those who are cautiously optimistic for those extremely pessimistic recognize north korea is very likely going to have to renege on their deal from the past and probably throwing up similar box here. what was optimistic in this case is they've done that in the past in 2009 with bill clinton and 2010 with jimmy carter.

what will matter here is the pressure that china has here and china has u.s. negotiations this week on trade. can we use china's pressure in a way to wrangle in north korea? >> that's a really good question and i'll take that to you. where does china fit into all of this intense negotiations with the chinese over trade and north koreans pushing back. excuse me. >> that's a really good analysis. the problem with the china north korea linkage is we can't link them. we can't be tough on china on trade and then tried to use some we have to run on separate tracks. the authorities said they are willing to do a deal and we don't get everything in a kidnapping. that's all rhetoric. they limit the capacity to threaten us regardless of

whether they come to the table or not. we have all the cards. >> that's interesting. arizona representative of closing bell yesterday on fox business and she's going to south korea over the three-day weekend coming the holiday weekend. listen to what she says about the president's role in all this in what he needs to do what he has said about the north koreans. >> this president has put us in an historic opportunity. we are going in as the president said very clear that we've seen the north koreans in the past play games at this, talk the talk but not change their behavior. all of the hard work is in front of them in the north koreans decide whether they want to continue to suffer under the maximum pressure campaign which will only get stronger with president trump's leadership. >> economic sanctions patrice. that is the true story here. >> the north koreans come to some of their rhetoric suggested they are trying to downplay the impact of the maximum impact

agenda. i think the proof is in the pudding and how their country is struggling. realistically this is a country that is still in a generation they do need to come forward is more concerned about his understanding in nuclear ability and the economic security. >> you have to remember they also call about john bolton and comment on the demands for john bolton to denuclearize north korea. they are worried they will turn into libya. we all know what happened to ball marker doxy. >> i don't think olivia comparison holds. they lost control of the country not because they guided nuclear weapons. the whole comparison is just. cheryl: watcher twitter today on

what the president has to say. thanks, guys. >> tesla facing new problems as they struggled to get production back on track. tracee carrasco joins us with more on that another headlines. >> reuters reported tesla will once again stopped once again start production under california fact greek for six days from may 26 through the 31st. but to take this to an assembly line for a model three sedan. this comes after tesla shut down the assembly line not last month in production of the model three has been plagued with problems, bottlenecks and deadlines. cheryl: the model for a particular they've got so much pressure on already. let's stay with tesla now. big new investor. >> legionnaire george soros reportedly took a stake in tesla bonds earlier this year according to reuters. the management took a $35 million stake in the convertible bonds of tesla due

next march. gerri: so interesting. i can't figure where he sees the value. he's got a plan there. what about self driving cars from apple? >> apple has been driving on technology but it may be closer to hitting the road than we think. apple has permits to operate by the economist cars in california right behind general motors. crews have more than 100 permit. waymo only 51 permits. they've been working on this self driven technology. >> despite all the problems on the road. >> elon musk was saying how can you criticize us for having so few accidents and there's like 40,000 a year. but there were 285 million cars on the road so the comparison.

gerri: kalat plane out of venezuela. why they decided to end its operations in the country and how gas prices in consumer spending in america right here. let's take a look at the stock index futures right now. the dow down 25, nasdaq down six. you are watching "fbn:am." ♪

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cheryl: welcome back. taking a look at futures right now. another start to your day. dow down 20 in the premarket, s&p down one and three quarters, nasdaq down four. u.s. were just coming from a battle with the islamic state in afghanistan. "wall street journal" wants back a valley that was once an afghan hub and planting mines and hiding weapons for a planned assault. the u.s. waiting for militants to take and are patrolling the mountains to take off hours and cachet is to weaken them. kellogg moving on from venezuela with the countries economic meltdown currently happening. clorox and general mills are a couple of other companies that

have ceased operations. venezuela's economy has contract at 40% in the last five years. the senate is voting today on whether to reagan's data bomb era net neutrality regulations. democratic effort faces an uphill battle for republican-controlled house and the white house in the decision to roll back the rules that happened in december. a neutrality prevented come is from blocking or slowing down internet content for consumers. that's what's happening now. >> .prices didn't stop from heading to the stores as spring got underway, retail underway, retail sales rising 310 tenths of 1% from the prior month revised even higher. 0.8%. macy's out this morning and tomorrow we hear from jcpenney and retail giant wal-mart. ceo vaults consulting group joins us now. good morning. good to have you here.

let's start with the climbing gas prices. they don't appear to be stopping americans from ramping up their spending. now it $2.89 a gallon, the highest since mid-2015. why do you believe the consumer here is so resilient? >> it has a lot to do with confidence in the tax reform in our wallets here i think really hasn't even taken hold yet. i'm bullish the fact there is a price and i think retailers have invested in online sales of doing well this year. >> as you look at this, talking a lot about what's going on with yield of the ten-year treasury, possibility of inflation. where do you see from these retail earnings coming on later today? macy's today, wal-mart thursday, everybody will pay attention. can this company show improvement and particularly from wal-mart, can they show improvement in their e-commerce

sales? >> you hit the point there. these are all online. macy's stock is actually outperforming highflying tech names like apple and facebook over the last year. most investors wouldn't suspect that. it's going to be how they do in terms of online and as far as growth goes, the u.s. consumer is going to support the factor and wal-mart will report the sector as well. >> the numbers had crested yesterday and a lot of people were thinking how does this impact the broader market? what you think all of this means for the economy, but i know you like consumer discretionary assistant there. what should we be watching out for? >> investors need to be expecting volatility. the numbers will be good in the retail or will perform well. we need a lot of volatility so i

think stock investors investing for the long term should look at the volatility in the us the opportunity get invested in cash and don't panic if they're fully invested. >> the strength coming from the consumer and the fact today's consumers, does that tell you where in the late stage of this market and the economy? >> a taxi firm has extended this bull market. we might be in a new market now driven by the fed, but earnings and that's what we want. we should be paying attention to topline growth in consumer discretionary names and get back the fundamentals. investors should focus on the fundamentals for the long-term. >> i hope you continue to focus on fundamentals. so many geopolitical headlines. with the most important to you? what will make the big difference? nafta, north korea? what he says that investors are so focused on?

>> a trade war with china is the biggest issue. they will not materialize and i think negotiations will work well and as they play out will cause a lot of volatility in the long run it's a net positive for the united states. gerri: thank you so much for coming on. i like net positive for the u.s. that's a good thing. cheryl: positive anything was always good. forget that confusing from a couple years ago. america's latest internet debate is even better. is this a trick to just drive us all nuts? we will listen to it. you can decide. plus, the cleveland cavaliers with the eastern conference finals. jared max is coming up. taking a look at futures. dallas on 12 and the free market. s&p down one, nasdaq down one.

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>> remember the debate over this stretch that is a white and gold, blue and black. >> i think it is white and gold, too. this is the new debate taking over the internet this morning. instead of wasting laurel or landing. >> laurel, laurel, laurel. gerri: that was laurel, laurel,

laurel. some people with higher frequency here guinea. we went to the experts in any is winning. train to hear a what do you think? >> i hear lebron. i heard laurel. cheryl: now we have a tie. the "fbn:am" team is now tied down the middle. i heard beginning. >> lebron james hopes to get seven. cavaliers trying to even things up against the boston celtics, but lebron was a one-man show. 42 points, 27 the first quarter. a one-man show dominates in the second half about 11 in the first half, boston outscored cleveland after the break.

107294. phoenix suns their best to end the draft lottery with the worst record. june 21st by sacramento in atlanta. carolina panthers hedge fund manager estimated $11 billion reportedly will pay to .2 billion from jerry richardson, which george the $154 billion paying for the buffalo bills are the highest in sports. on the path to be a first hall of famer. violated the program and tested positive for a substance before the season. hours after he pulled out the players championship before the final round. christa said to verbally assaulted him and rendered to underage children because he

played poorly. obtained by the daily mail, christa confronted out on their porch became violent when lucas 62-year-old mother tried to hit her, christa kleber charge of domestic battery, lacerations to her mother-in-law's arms and her husband's arms. change the statement you please avoid his wife's arrest told deputies when he plays a background of coffees as an altercation with him, how he better win for her in because of these and many would never see the kids again. tampa bay lightning behind a couple of power-play goals last night afforded to an inch closer to time the series now it to do one for the capitals. >> still trying to get over the battery story. that is sad. and bizarre. golf is all between your ears and if you don't start player, you can see how to even play.

cheryl: charity, thank you. thank you, jerry. i thought it was slow. >> sports reports on fox news headlines 21st seven sirius xm channel 115. >> coming up from the traders in europe with u.s. sanctions against the e.u. after a trade related against arab eyes. reaction coming from london's straightahead on trans heaven. -- "fbn:am" ♪ onk east. by steam. by horse. by iron horse. over the years, we built on that trust. we always found the way.

until... we lost it. but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018.

>> the u.s. threatening sanctions against airbus after a major trade organization. market houston at cmp markets joins us now. good morning, michael. how will traders respond to this my friend? i have to ask you come are you surprised as i am to give eto is ruling in favor of the u.s.? >> i'm actually not surprised because the ruling that they made in 2016 in a thing for me, and if you look at the shares, they are pretty much unchanged on the day.

they give extra ammunition to the trump administration about unfair practices on behalf of the european union. what i would say is a counter is that the wto is still has to rule on a simple case against boeing and the european union with similar practices. in the moment it's definitely a case of wait and see how this plays out. cheryl: also watching this. the retail sales number regard for its concerns about the fed here could be forced to raise interest rates this year. what do you think? >> the markets are certainly pricing for that. i really do worry about reading too much. they really only offset the kinds that we saw in january and february. five in april. i'm more interested which are

continuing to rise since 2011. what the retail sales looking out. gerri: we all are. michael, thank you for that. cheryl: thank you for watching "fbn:am." over to dagen mcdowell who is infirmary this morning. spin the good morning, ladies. i'll see you both later. i'm dagen mcdowell in for maria bartiromo. top stories at 6:00 a.m. eastern. markets on edge. features hovering near the flat line this morning. six-point loss on the dow futures after 193-point loss on the blue chips yesterday. following a wild day for wall street. the eight day winning streak and now negative for the year. surging bond yields driving equities down. the yield on the 10 year treasury hitting its highest level in nearly seven years. look at how the tenure is this morning. a little bit of fine action in the tenure. still holding above the critical

3% mark. global market action in europe this morning. the next market muted trading there. the cac down ever since that way. in asia overnight with next market action as well as the cost in south korea to eke out a small gain for rent in japan, shanghai and hong kong. a new threat regarding north korea. kim jong un vijay morning and they pull out of next month's summit which president trump over concerns about south korea's military drill with the u.s. also a north korean official said they would call up the meeting if the u.s. demands unilateral nuclear abandonment. the white house not backing down. kim jong un has said before that he understands and appreciates the importance to the united states of having the joint