it was built in a farming region 20 kilometers southeast of central shanghai. the area was once accessible only by car, but a new railway has been she was able to see the enchanted story book she sees images of mickey mouse and friends ensuring the safety of passengers by the platform doors. disney characters welcome passengers everywhere around the station. a subway from central shanghai to the center of disney resort is being developed with the full cooperation of the chinese government. disneyland is right outside the station. since the subway began running in late april, the number of tourists has been steadily increasing. 1 million people have visited in one [ speaking foreign language ] [ speaking foreign language ] [ speaking foreign language ] >> the happiest place on earth is just beyond the iron bars. the opening of shanghai d disneyland was proposed in 2007. initial lit park was slated to open in 2015 but construction was delayed. the compound is 390 hectors in total. the main park is just one fourth of that space. adjacent to that is a natured theme

life. [ speaking foreign language ] [ speaking foreign language ] >> his company is located in central shanghai. the company now has 50 employees. it films ads for online sales and holds events taking advantage of china's bustling economic growth. with the dramatic development of the internet in china, the firm has been taking on more than 100 projects a year. as such, it's difficult for him to take time off work. but by going to counseling sessions, his life has changed. one day a wake off to spend time with his off to spend time with he off to spend time with he off to spend time with hk off to spend time with his children. on this day, he attended an indoor laser tag park where families can enjoy battling together. he came here after hearing that parents and kids form teams and take down enemies together which can help them form he is something of an indoor person. as a child he often played alone in the house. so this energetic activity is not his strong suit. [ speaking foreign language ] >> each game lasts 15 minutes, but his older son can't pull himself away from the game. he kept playin

no, it is not beijing or shanghai, it isa no, it is not beijing or shanghai, it is a marketplace in kazakhstan in central woman came from china to take part in an eyes skating competition, but stayed for the opportunities. —— ice skating. translation: it has been great for business. many people have come here and they need my products from china. everything in this market is from china. it is notjust good, upload, toys, exercise equipment, even infrastructure. the local community says it is starting to ta ke local community says it is starting to take off. this oil and gas man is also taking profit from the initiative. at the start it was just him. now it does deals worth almost $200 million every year. he is expecting business to keep growing. xijinping said the two expecting business to keep growing. xi jinping said the two countries have gone from friends to relatives. kaza khsta n have gone from friends to relatives. kazakhstan has given the chinese preferential policies and is trying to speed up approvals and formalities for us. but with that success formalities for us. but with that success has com

what -- parsing what the central banks had to say, the boe there. we are taking a look at the shanghai and hong kong markets just kicking over to the open. shery: a pretty good start for the markets in china. the hang seng index gaining .7%, and you mentioned tech shares leading the gains, up 1.4%. the only sector losing ground is energy, although oil prices are gaining for a fifth consecutive session. regulators will start looking into that sell off of some small s we saw earlier in the week, 17 companies losing 40% of their stock price in the last few hours. gainingghai composite .2%. in the green, continuing that momentum we are seeing across asian markets. we are seeing materials lead gains in asia. take a look at the chinese 10 year. this is not updated. a survey of fixed income traders, they all expect the bond market in china to end its losing streak, the longest in six years, and may see gains in the latter half of this year by about the third quarter of this year, that sovereign debt rise and weekly see yields falling to lower levels than right now. they are predicting that 10

what -- parsing what the central banks had to say, the boe there. we are taking a look at the shanghaikong markets just kicking over to the open. shery: a pretty good start for the markets in china. the hang seng index gaining .7%, and you mentioned tech shares leading the gains, up 1.4%. the only sector losing ground is energy, although oil prices are gaining for a fifth consecutive session. regulators will start looking into that sell off of some small s we saw earlier in the week, 17 companies losing 40% of

shanghai market. genie: what about today? reporter: the federal reserve interest rate expected later today. we are certainly expecting the american central-bank to raise rates at its meeting. european markets, and the u.k., unemployment showing to stay 70 at 4.6% for april, the lowest in 42 years. and one company we are keeping an eye on, the fashion retail giant. and others hasra risen 23%. it is the biggest fashion rising tollles percent overall. it had a net profit of 64 million euros for the time. the shares are down, 1% in trading imagery. genie: to wrap up, a researcher has found supermarket shoppers are facing more decisions than ever before. reporter: shoppers in the u.s. have 40,000 more grocery items available on the market shelves compared to the 1990's. the author who studies these $650 billion a year industry said 20 years ago there were seven kinds of items on sale. ,hey now go with high as 15 related to increase consumer buying power for people looking for -- america, go back to they can't get over the cereal aisle. thank you so much. time for the press review. ♪ time to look at what is grabbing headlines. reporter: fighti

shanghai cooperation organisation has had six full members. but all that's set to change. the political and security group was founded in 2001 by russia, china, and the former central asian sovietindia and pakistan are set tojoin at a summit in the capital of kaza khsta n, asta na. its estimated the group will encompass half the world's population. so, will the expansion of the shanghai cooperation 0rganisation increase its influence? i'm joined by amitendu palit from the institute of south asian studies at the national university of singapore. it is great to have you with us. india and pakistan bothjoining. how significant is this? firstly, india and pakistan don't normally do things together. that is a good and positive development. this will be a regional bloc with probably the largest population in the world. . was it a smart and strategic move for russia and china to bring in the indians and pakistanis? yes. they will not settle the india— pakistan dispute with this forum alone. both of the countries want to contribute into the region. i think for both of them, they have respective interests themselves. for india, for example, and pakistan for an extent it may be and pakis

central bankers. mark: we look forward to it. he will be there in about 15 minutes time. vonnie: disney chairman and ceo bob iger in shanghai anniversary of the company's themepark. tom mackenzie -- i think he is in there somewhere, just not quite sure where. he discusses disney's biggest challenges. >> vital to us that not only the environment and the united states remain healthy whether it is economic or political in nature, regulatory in nature, to that we have the ability compete successfully and operate successfully on a global basis. there are so many factors that contribute to that from taxation to trade, healthy relationships with other countries from a trade perspective is extremely important to multinationals. the walt disney company is a major exporter of product. our movie business is a great example of that. maintaining an open relationship of the country -- with the countries of the world so we can bring our movies around the world, support jobs in the united states is really important. the environment is important as i expressed in the action i took . if you are doing business in the world i think it is impor

central station. heavy presence this morning. europe's third attack in three days. belgium on high alert. on the subway station march of last year. lauren: we begin in asia. the shanghai composite. finally added after several attempts to the emerging market index. rather as for the hang seng hong kong done half of 1%. and the cost in south korea. >> even after the incident in belgium have a european stocks started to see a little bit of weakness here. the ftse down by 20. the dax down almost 77. transfer the third starting to test the market will bear. u.s. stock prices or ferry this morning. dow futures down 15, s&p down five at nasdaq down 21. oil is a big reason for the receipt. cheryl: yesterday moving into bear market territory. since the month of february, giving us a bear market number of oil now done 7 cents this morning. gold up by almost four bucks. lauren: of oil prices back into bear market territory. down for the time in figure 23rd. berg filtered from senior economist at wells fargo. will we see oil, is it going to go down to the 30s? >> as possible. it's hard to get a handle on the short-term. there is no question that the market is oversupplied. global

central bank fully engaged and taking its foot off the pedal. what a different set of problems for him versus janet yellen. this is shanghai. the shanghai composite. this is how we finished flat on the day. anbang, the insurer story, we have a rest. we have the regulators telling banks -- that is a subliminal story in terms of quashing the leverage, and i suppose, a warning shot to billionaires. that is our top china story this morning on the bloomberg. you can seat up a commodity index has gone a little bit of a bid. oil has gone 8% in the last month. there is momentum for the commodity stocks. i am off to digital radio. guy, good morning. guy: good morning. enjoy yourself indeed. on an individual stocks story basis, around europe, as i indicated, we have a bunch of stocks going ex-dividend today. these companies are ex-dividend. a bunch are ex-d today. keep an eye on the minors. it could be an interesting day. we will look for news later on. on the upside, petrofac looks as if -- i have not seen a note. maybe there is a note out this morning on the services side of the energy market. deutsche bank trading up by 1% on its

shanghai -- at that is a look at some of the early movers in china and hong kong. so much for you that. let's get first word news with paul allen. mexico's centralk has raised borrowing costs for a seventh straight time, the most hawkish monetary authority in the g-20 extended its hiking cycle. it is said the decision is " congruent with official convergence and inflation towards its 3% target." analysts a what that means is the hiking cycle is over. >> we believe the actions we have taken with information we have up to now should be sufficient to take us to our objective towards the in the of 2018. paul: senate republicans issued a new health care will which was immediately attacked by senior party figures. it includes sharp cuts to medicaid and other reductions in subsidies and tax cuts for the wealthy. pharma ands life sciences and biotech's index all its biggest gains. indian prime minister narendra modi heads to washington, hoping to persuade president trump to extend a program that allows i.t. companies to send a to america. he will attempt to explain how the scheme has benefited both countries, boosting innovation and competitiveness. tes

the central bank leaving rates unchanged there, while offering a positive view of the economy the markets there. the nikkei up about a half percent on that news hang seng slightly firmer. shanghais down about a third of a percent the nikkei there, 19, 943. >> in europe, the imf agreeing to another greek bailout worth 8.5 billion euros. grea greece's stock index hitting the highest numbers in two years on the news europe mostly to the upside. german dax up about 0.4% ftse 100 was weaker earlier, now up 0.25% across the board a firmer opening in europe. >> the weakness in commodities has been a big story let's show you the broader market picture it looks firmer now this morning. wti crude is up more than half a percent. still below $45 a barrel 44.74. strength in brent as well up a percent, 47.36 nat gas higher by a half percent. as for the u.s. dollar, firmed up this week on the back of the hawkish fed. let's show you the action there. it's a bit weaker against the euro it is stronger against the yen that interest rate differential came into sharp focus when the fed maintained its hawkish stance and the bank of japan kept the rates unchanged and said it is not in a rush to exit

central bank, "balance" and "accounting." they need to move valley which forward to sustain credibility with the market. for imapa flip today on the shanghaisite. you are seeing financials do better on the shanghai comp. china is in our site line in terms of the global growth story despite the inflation question mark. is philip gross right? that is the question i ask myself. are the risks in the market at high and aggressive as they were precrisis in 2008? that is what you have got to think about. i am off to digital radio. guy: you enjoy yourself. manus cranny, off to dab digital radio. i want to take you to what is happening with european markets and break it down. and market stocks rising. it is not a big upside. ups. stocks are on the what is interesting is utilities are reasonably well bid. are seeing rotation. let us flip it to the other side and show you what is happening. this is the downside, dominated by the ex-divs. tp has gone ex-dividend today. there is quite a few ex-dividend out there. interestingalways to keep track of that, and it seems to move the market on a lot of days. let us go and talk about what the market is doing

central bank leaving rates unchanged despite the fed rate hike. back in march the peoples bank of china uped its overnight rate hours after the fed raised rates. this time not the case the shanghailosing flat. hang seng down 1.2%. the nikkei down 0.2%, this ahead of the bank of japan meeting tomorrow in europe, the swiss national bank announcing it is keeping interest rates unchanged the snb believes the swiss franc is significantly overvalued. swiss franc up 4.5% against the dollar year to date. the bank of england policy decision is due at 7:00 a.m. eastern. at the same time investors are digesting retail sales figures, rising 0.9%. that's short of estimates. let's look at how european equities are responding. relatively negative across the board. ftse 100 down 0.7% a notable move in french equities, down nearly 1% ahead of the boe decision central bankers clearly in the spotlight. not just the u.s. but japan tomorrow, russia as well >> we also had european data in terms of the trade balance, 17.9 billion. consensus was 27.1 so a bit of a fall the real reason for that softness in oil prices is playing catch up with the oil market slip yesterday after. europe down yesterday as

shanghai on the growth of the internet of things. asia.s daybreak: i'm in new york, where it is just after 7:00 p.m. >> we are in for some central bankpeak. what an eventful tuesday, right? first it was mario draghi a bit more hawkish when it came to inflation. then the selloff fueled by janet yellen talking about rich valuations in the market. betty: you used to not be able to get anything out of these central bank chiefs, but now they won't shut up. particularly janet yellen and her talk about valuations getting more rich. that also sent some of these tech stocks tumbling, dragging down the nasdaq. we will talk about that in a few moments. yvonne: that is right. a lot of jitters when it came to tech. alphabet slapped with a record fine from the eu. we will look at the cybersecurity attack we have seen that has embroiled in much of europe and the u.s. let's check out the state of play in asia. slow going in new zealand. flat when it comes to the kiwi. stocks heading lower. a fallout we saw on wall street, down one third of a percentage. wti under $43. the market stunned by that report saying crude inventories rose. oil given up the

central bank. we'll get that in a few minutes. we'll bring that news as soon as it hit the tape. in asia markets mostly higher. hang seng, shanghaiweaking its dms to avoid potentially embarrassing tweets. we'll tell you what they are doing. >>> spokenful of sugar for disney fans. first look at emily blunt as ""mary poppins"." the the sequel to the beloved classic. >>> james comey will testify before the senate intelligence committee. his prepared remarks were released yesterday. they are already making waves. in seven pages of prepared testimony, jim comey told this, president trump told him quote, i need loyalty, i expect loyalty. comey written memos toself after the dinner with president trump. comey informed president trump three separate occasions between january and april that he is not personally under investigation. on that last claim, president trump's outside attorney, mark kasowitz released this statement saying the president feels completely, totally vindicated. joining us to weigh in, former special prosecutor and served aspects counsel to jim come my while he was deputy attorney general, bill mattea. good to see you,