now, the china daily runs with the latest us tariffs on chinese goods. it says china has vowed to retaliate over the threat of a further $200 billion of us tariffs, and would impose its own counter—measures. and finally, a story on the front page of the new york times all about the science behind art. a group of psychologists in the us are trying to crack the mystery of what is art, and why we like what we like. good luck to them. that is all i can

now, the china daily runs with the latest us tariffs on chinese goods. it says china has vowed to retaliate over the threat of a further $200 billion of us tariffs, and would impose its own counter—measures. and finally, a story on the front page of the new york times all about the science behind art. a group of psychologists in the us are trying to crack the mystery of what is art, and why we like what we like. good luck to them. that is all i can say. with me is henry bonsu, broadcaster and international conference host. good to see you. glad to be back. so we have on the desks of the uk front pages, whichjust give we have on the desks of the uk front pages, which just give such a broad spectrum, but it is all the same theme. we have pride of lions, thank you says the daily express. everyone isa you says the daily express. everyone is a hero. that's it, you know. you watch the game, as did i. a brand—new high—definition television. have you got a waistcoat? i haven't got a fashionable one like gareth's. sport isa fashionable one like gareth's. sport is

now, the china daily runs with the latest us tariffs on chinese goods. over the threat of a further $200 billion of us tariffs, and would impose its own counter—measures. and finally, a story on the front page of the new york times all about the science behind art. a group of psychologists in the us are trying to crack the mystery of what is art, and why we like what we like. good luck to them. that is all i can say. with me is henry bonsu, broadcaster and international conference host. good to see you. glad to be back. so we have on the desks of the uk front pages, whichjust give we have on the desks of the uk front pages, which just give such a broad spectrum, but it is all the same theme. we have pride of lions, thank you says the daily express.

china is the largest source of foreign investment on the editorial,nd in the the china daily takes toask those critics who accuse china of indenting african nations to them. those are nothing but alarmist sentiment. >> what is the african press saying? >> we're looking at a rwanda paper, his triple take him to rwanda, then south africa. there is a lot of anticipation , with theis trip countries expected to sign deals health, mining, trade, these exemptions, and law enforcement. they say that farmers and manufacturers should make the most of the chinese market. here in france, there is focus on the interior minister. he is undergoing a hearing at the national assembly. >> he is facing a grilling over that video of -- video that surfaced of alexandre benalla beating a protester during a rally last may. he is being grilled. , a statepage, you see in shock while another daily warns of a high risk week ahead for macron and his government. >> it has some scathing words. >> it is critical after the scandal on the front page. it is a scandal that has revealed the downward spiral of a hyper pr

we start with the china daily, that hails a visit to the uae by china's xijinping as a milestone.onomic project, the belt and road initiative. it's the first visit by a chinese head of state to the arab nation in 29 years. next, we have the gulf news, reporting on israel passing a new nation state law. it quotes comments made by a palestinian legislator who says the bill is the beginning of facism and apartheid. the japan times looks ahead to the tokyo olympics in 2020. it says the marathon and some other events will be held early in the morning, according to the international olympic committee, to avoid scorching temperatures for athletes. there's evidence that bed rest may not the best medicine —— the uk's brexit secretary has promised to intensify the negotiations with brussels. the eu commission advised eu states to prepare for an ideal brexit, a situation where no formal agreement would be reached by the end of next march. from brussels, our europe editor katya adler reports. a new face in brussels, confronting the same old brexit challenges. michel barnier, the eu's by now r

china daily has a report on floods in the northern province of gansu.ijinping has requested the space industry to open its doors to private enterprises. as a result, nearly 10 private rocket firms have been launched over the past three years. south korean newspaper the korea times' website highlights the football world cup story but it also focuses on an international table tennis tournament for which north korean players have arrived in incheon city. more now on our other main story: the meeting between presidents trump and putin in the finnish capital helsinki. here's donald trump and his wife melania arriving on air force one. mr trump has said his expectations for the summit are low. when we have an idea slightly of probably what they are going to be discussing and there are a variety of topics and i think the most important dimension is the fact that they want to know each other better and establish a kind of relationship where they can address each other if there is some kind of strategic emergency or a sense that they might be some kind of confro

china daily also carries a picture of the two leaders shaking hands after successful talks.inping, and how he used a meeting with eu leaders to call for more to be done to protect free trade. those are the papers. a british cave diver who helped rescue 12 thai boys earlier this month says he may sue the tech entrepreneur, elon musk. vern unsworth's knowledge of the caves is said to have played a crucial part in the rescue operation. he says he's considering legal action after mr musk tweeted a baseless slur against him. here's david campanale. the divers who helped rescue 12 thai boys and a football coach from deep within the cave have almost universally been acclaimed as heroes, but not by everyone. entrepreneur elon musk played down their achievement, saying they could have simply swum to the cave to get the boys without even using any diving gear. the tech billionaire appeared irritated that the rescue mission rejected an offer of a mini submarine built by mr musk to assist in the effort. the row escalated when he then sent a tweet, apparently making baseless slur against

and finally, the china daily newspaper reports on the latest inquiry into the disappearance of flightd by the malaysian government has done little to bring closure to the relatives of the 239 people who were on board the flight. that brings you up to date with some of the papers. a story that has shocked many of you who have seen it online. yes, and its a video that i should warn you shows a terrible moment when a woman was attacked in broad daylight outside a cafe in paris. it has shocked france and gone viral online. the woman, marie laguerre, seen here in a red dress, was walking home when a man shouted obscenities at her. she shouted shut up back at him, at which point he throws an ashtray at her missing her by inches. but the incident didn't end there. the man goes back and hits her in the face. the cafe gave miss laguerre this cctv footage and she took it to the police, who are now looking for the man. i hope they find him! as many as 50,000 foreign fighters from across the world poured into syria to join militant groups including islamic state. now, after the fall of is, there'

the china daily covers the rescue of the 12 boys trapped in a flooded thailand cave, showing a picturere alive. it also reports that chinese rescuers are among those who have dived into the cave to deliver supplies. here in singapore the strait times leads with the arrest of former malaysian prime minister najib razak a source at the malaysian anti—corruption comission has told the paper he could face 20 years injail if convicted. and the japan times leads on what it calls a "heart—breaking but satisfying" world cup. the nation's team lost to belgium 3—2 in the 94th minute of its knock—out game. let's return to our top story — the mission to rescue 12 boys and their football coach, found alive deep within flooded caves in thailand. edd sorenson — a cave diving expert based in florida, with nearly 30 years experienmce — explained how difficult the rescue will be. i'm working on what information i have — i'm not there — they have a great team on the ground there, rick and his team, fantastic drivers. i, you know, iapplaud them for the amazing, you know, daring job that they did in findin

the china daily covers the rescue of the 12 boys trapped in a flooded thailand cave, showing a picturee boys are alive. it also reports that chinese rescuers are among those who have dived into the cave to deliver supplies. here in singapore, the strait times leads with the arrest of former malaysian prime minister najib razak. —— here in singapore, the straits times leads with the arrest of former malaysian prime minister najib razak. a source at the malaysian anti—corruption commission has told the paper he could face 20 years injail if convicted. and the japan times leads on what it calls a "heartbreaking but satisfying" world cup. the nation's team lost to belgium 3—2 in the 94th minute of its knockout game. that brings you up to date with some of the papers. now, babita, what stories are sparking discussions online? the heartbreak about japan. the heartbreak aboutjapan. it the heartbreak about japan. it can bea the heartbreak about japan. it can be a brutal game. it can also be perilous for those proclaiming the know it all when it comes to predicting match results. well, japan's

the china daily has a warning for washington as tariffs take effect, the ministry of commerce sayingght back by targeting us products. the new york times says art lovers in the big apple could be in for some disappointment because america's largest performing arts complex is struggling. the lincoln centre hall of fame has been postponed as a summer of fame has been postponed as a summer festival has been scrapped. the japan times shows the nation's sporting heroes getting a very warm welcome home. let's take a look at the scene. this was the scene when the scene. this was the scene when the samurai blues got back from the world cup. hundreds ofjoyous football fa ns world cup. hundreds ofjoyous football fans were on hand to greet them. that brings you up—to—date with some of the papers. what about on line? so many smartphones bear! let's look at what is trending. this is the picture of the bunch. the wild bananas of madagascar are apparently on the brink of extinction with five mature trees left. scientists say the plant may hold the secret to keeping bananas save for the future so ke

the china daily has a warning for washington, as those new us tarriffs on chinese goods take effect.fire on the entire world". they also vowed fight back by targetting us products. the new york times says art lovers in the big apple could be in for some disapointment. that's because america's largest performing arts complex is struggling. the lincoln center's hall of fame has been postponed — and its summer festival scrapped. and the front page of the japan times shows the nation's sporting heroes getting a warm welcome home. this was the scene when the samurai blue's got back from the world cup. hundreds of joyous football fans were on hand to greet them. now, what stories are sparking discussions online? yes, lets take a look at what's trending right now. pick of the bunch seems to be the wild bananas of madagascar. apparently they're on the brink of extinction with just five mature trees left in the wild! scientists say the plant may hold the secret to keeping bananas safe for the future. so people on the island nation are keeping their eyes peeled. the us secretary of state is he

and china daily reports on the crawfish craze that's been scoring big points at the football world cup from the tournament — the country's crustaceans are winning over fans. millions have already been snapped up. us secretary of state mike pompeo will make his way to pyongyang later, as work towards north korean denuclearisation continues. the white house confirmed mr pompeo will meet north korean president kimjong—un to "continue consultations and implement the forward progress" following last month's summit in singapore. meanwhile north and south korea have come together for a friendly basketball game as a show of goodwill amid the diplomacy. a short time ago i got the latest from the bbc‘s mariko oi in seoul. various quite a rash on the us secretary of state to get some kind of concrete action, because all we have got so far is words. north korea's commitment to denuclearisation, but evidence such as satellite pictures, according to experts, show otherwise that north korea might still be continuing to work on its nuclear programme, possibly to use it as leveraged as these negotiatio

the case is being reported in a very forthright way by state controlled media an editorial in the china daily on monday for instance said the now needs to be a complete overhaul of the pharmaceutical industry here in china because of course this is not an isolated case there have been many scandals involving the pharmaceutical industry during the past decade on sunday night china's premier league released a statement saying those responsible should be punished and he said this case had crossed a moral line but of course we now have a situation in china where millions of parents are now worried that their children have been given inferior vaccines and they want to know what that's going to mean on social media some people have been posting comments saying things like i don't trust chinese medicine i don't trust chinese vaccines i'll only buy foreign medicines in future so this appears to be a scandal that is not going away in many ways it is growing a weather update next year now to zero then the international court of justice will judge later on the diplomatic dispute between russia and its n

state-run china daily newspaper saying, quote, the trump of administration is behaving like a gang of hoodlums. cheryl: right. other big story this morning that we are following for you. it is job's friday. big day for market. labor department, june job report later this morning. economy likely to be expected out 195,000 jobs in month of may and unemployment rate to hold steady, month of june, excuse me. the lowest level since april of 2000. we shall see. we will have complete coverage of job's roberto on mornings with maria. that starts 8:00 a.m. eastern time jobs in america. >> environmental protection agency scott pruitt resigning amid multiple ethic investigations, he cites unrelenting personal attacks. >> in washington with the details. >> good morning, cheryl, tracee, the president announced on twit e and announcing also on twit e what's next. president trump saying that andrew wheeler will assume the duties of epa. i have no doubt that andy will continue on with great and lasting epa agenda. we have made tremendous progress and future is very bright. pruitt steps down amid mult

the state newspaper, "the china daily" writing that the trump administration is, quote, behaving like a gang of hoodlums. this morning, americans living in farming states woke up to headlines like these. north carolina farmers caught in the cross fire. minnesota farmers fear the worst. wisconsin cheese industry hopes trump has a strategy. in a moment, the new jobs report and the strong numbers the white house says prove the u.s. economy more than strong enough to handle a trade war. first, to wall street, where the markets are holding steady despite fears a lengthy trade war could smother global economic routes. alison, what are the numbers telling us today? >> well, we are seeing strong green arrow, john. the dow up 133 points. part of the reason you're seeing less worry here on wall street is because today is what wall street has really been ramping up for over the past few months, trade war fears have been simmering, investors have literally been selling stock, repricing stock based on companies that had the most exposure to china. so that was already done before reality hit overni

there's an editorial in china daily accusing trump of having a, quote, dictatorial bent. said, the united states will be opening fire on the whole world, and also opening fire on itself. joining me now, msnbc anchor and correspondent david gurra. you're at the new york stock exchange. less than 30 minutes until the markets open. what impact is expected based on these retaliatory tariffs when trading gets under way very soon? >> i'm looking at futures now. they're pretty mixed. it feels like investors are comfortable. i should say what's strange about this process is how long a game this has been. we have known many months the president wanted to do this. this was a deadline on which the u.s. was going to implement these tariffs. the big open question for investors is how long is this going to last. you don't have this right now. if that's $500 billion, that could have a dramatic effect because we would be moving from these indirect tariffs targeted on semiconductors, equipment, things like that, to the stuff we buy in stores, on shirts, on clothing, and that would potenti

products, targeting american goods, like soybeans, lobsters to pork, the state-run china daily newspaper saying, quote, the trump administration is behaving like a gang of hoodlums. president trump once again defended his strong stance on trade during a rally in montana on thursday night, right before the tariffs took effect. >> i respect china, and i respect president xi, but they've been killing us, 507 billion dollars in trade deficits last year. 507. who can lose 500 -- then you want to do something and you get attacked. oh that's not nice. that's not free trade. >> neil, the big question is how far will this go? neil: tracy, thank you very much. that much we do not know here again to tracy's point no sign either side is blinking. still early. indication could last for months some say well into 2019. let's get a read from our panelists. for consumers, the impact won't be immediate, and they could find ways around this buying i guess some alternative products, but they can't escape; right? >> they cant escape it but we're going to see definitely a shift towards more u.s.-based compani

in china, a slump has deepened after the central bank weakened its daily reference rate by the most in two years. the people's bank of china 6.71 to the dollar. make the yuand the worst performer among more than 30 major currencies in the past month. the u.k. prime minister will today reaffirm her pledge to keep a border between ireland and northern ireland after brexit. -- will say,aid rather, that the notion of a hard border is almost inconceivable. she urges the european union to accept her proposals for a free trade area. indian prime minister narendra modi faces a no-confidence vote in parliament later today. the key test is the first such challenge for any india administration in 15 years. while the ruling coalition is expected to defeat the motion, the outcome will reveal which group has been more successful in pulling small parties into its fold. global news, 24 hours a day, on-air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . when you look at the overall regional

the china daily, the headline, trump navarro lighthizer triangle. calling him the iron triangle.headline not the actual article. ed: strong on the tariffs as well. charles payne, thanks for coming on. appreciate it. abby: thank you, charles. ed: coming up, incident is i can'cynthia nixonabolish ice ca. see how she is doubling down on that call. ed: russia, russia, russia. no one on jeopardy can tell you about it we will show you the funny exchange in a minute. >> this exnational security advisor pleaded guilty to lying to the fbi. >> kelly. >> who is gorka? >> no. who is michael flynn. tickets or a new snowboard. matt: whoo! whoo! jen: but that all changed when we bought a house. matt: voilà! jen: matt started turning into his dad. matt: mm. that's some good mulch. ♪ i'm awake. but it was pretty nifty when jen showed me how easy it was to protect our home and auto with progressive. [ wrapper crinkling ] get this butterscotch out of here. progressive can't protect you from becoming your parents. there's quite a bit of work, 'cause this was all -- this was all stapled. but we can p

over to china we go, where chinese markets ended on a stronger footing. central banks moved to weaken dailyurrency fixing, the most since 2016. joining me to discuss china and emerging markets is a diana amoa, senior portfolio manager involved with emerging markets here at jp morgan and still with me is bob michele. always great to catch up with you. with what is happening with the currency policy, things have changed. lisa: what the chinese are doing is absolutely the right response right now. what we have seen is they stepped back from the currency. they are willing to let the market determine where the trade -- currency levels trade. they were fixing stronger, but they are willing to see where the market is pricing it. that is absolutely the right response. for the pboc it is the right thing. today we saw announcements they to bellow some bonds investing again and easing regulations that they had, trying to read to attract liquidity. as far as china goes, the right response. jonathan: there are many ways to look at the chinese currency. you can look at it against the u.s. dollar alone or

china. a new piece in "the daily beast" reports that many officials including ex-house speaker john boehner ianson have lobbied on behalf of china and a lot of others. two other republicans recently accused an environmental group, the natural resources defense council come of helping china by filing environmental lawsuits against the united states military with a long-term intent of undermining military readiness. kevin joins us tonight. thanks for coming on. give us a sense of the scale of the lobbying in washington on behalf of the communist government of china. >> you mentioned the lawsuits, we had very well-funded environmental groups and the national resources defense council really stands out in it to mike that it has continuously filed lawsuits. the end result is that prevents them from doing testing on sonars that are used to detect submarines. so number one we need to get a handle on some of our environmental laws and make it possible to title this abusive litigation -- >> tucker: let me stop you there. and that is a fair point, but how does china intersect with the nrdc? >> if ther

china has already responded. that's absolutely right daryn the confirmation came at the ministry of foreign affairs daily briefing the spokes person confirming that china is now issuing its own list of tariffs in response to the american tariffs that have already been slapped on it was expected it was also promised by china that they would meet these terrorist from the u.s. head on imposing exactly the same level of tariffs on exactly the same dollar amount of goods it also follows earlier strong condemnation from china of the u.s. move the confirmation that these u.s. tariffs are being put in place came noon beijing friday here in beijing and within a couple of minutes the ministry of commerce issued a statement roundly condemning the move saying that the united states is guilty of the worst trade war possible and also promising to fight back. china has always promised it will match exactly u.s. tariffs with its own list thirty four billion dollars worth of goods will be affected from farm products to automobiles chemicals and medical equipment as those u.s. products become more expensive china has been looking

transport corridor reach new daily fees as an alternative to china's belden growth initiative and a key to success of the project is the. poor in iran so we are talking here about not only you know the current indian economy but it also its a geo political ambition its regional ambition do you think there is any scope do you think there is any possibility for india reconsidering its role in the region given that the costs of dealing with iran are now so much higher but this is very i think prime minister we need to negotiate with the united states as well to see you know of these other projects are infected. as far as i understand you know currently the sanctions are emitted to train but if they also impact corporation on matters like these on investments this something that. is in its own master. and know. that the prime minister is very much up to the task now you've been so far very polite and. diplomatic in your characterization of the united states and certainly india but let me push you just a little bit further because especially when it comes to this infrastructure project it se

china, chinese markets ended the week on stronger footing. the you on reversing a -- the yuan reversing an earlier slump. central banks moved to weaken dailyy fixing, the most since 2016. joining me to discuss china and emerging markets is a diana amoa, senior portfolio manager involved with emerging markets debt at jpmorgan, and still with me is bob michele. and thoughts on china, whether you have a handle on what is happening with the pboc and what is happening in recent months? diana: what the chinese are doing is the right response. what we have seen is they stepped back from the currency. they are willing to let the market determine where the trade -- the currency levels trade. they are willing to see where the market is pricing it. that is the right response, it could likely be a growth shock. for the pboc it is the right thing. today we saw announcements they will allow some banks to invest in loans again, and an easing of some regulations. they are trying to redirect liquidity. as far as china goes, the right response. jonathan: there are many ways to look at the chinese currency. you can look at it against the u.s. dollar in a vac

china fighting back. hello, everyone, i'm dana perino and this is "the daily briefing." the u.s. attacks on $34 billion worth of chinese imports starting today and china retaliating including tariffs on soybeans, whiskey and cars and the president says that the u.s. will come out on top. >> president trump: i respect china and china's president but they've been killing us. $507 billion in trade

has brought in on china is starting to bite in terms of chinese trade but also in terms of the daily lives of people in china well it hasn't really been very hard at this point but it will bite and people here are concerned but you know in the same thing way that the china dealt with south korea when they. lobby gave land to the government to set up that missiles i think you're going to see the same kind of reaction a massive consumer action reaction against american goods now remember this is going to hit not only the things that you know we talk about in terms of terrorists but also the tremendous number of american companies that are over here johnson and johnson you know. ford all of the auto companies lot of companies are now very very worried about their china business so we repressurize your time as always thank you very much indeed. the un has criticized israel for closing the only crossing point where goods can get into gaza access has been limited because palestinians have been flying kites carrying incendiary devices across the barrier into israel only humanitarian aid medi

over to china we go, where chinese markets ended the week on a stronger footing, with the yuan reversing an earlier slump spurred by the central bank's move to weaken dailyrency fixing by the most since 2016. joining me to discuss china and emerging markets is a diana amoa, senior portfolio manager involved with emerging markets debt here at jpmorgan, and still ele. me is bob mich always good to catch up with you. your thoughts on china, and whether you have a handle on what is happening with the pboc and currency policy, and the things that have changed in the last couple of months? diana: i think what the chinese are doing is the right response. what we have seen in the last few days is they have stepped back from leading into the currency. they are willing to let the market determine where the currency levels trade. initially they were fixing them stronger, but they are willing to see where the market is pricing it. that is the right response, it could likely be a growth shock. so for the pboc it is the right thing. today we saw some announcements they will allow some banks to invest in loans again, and an easing of some regulations. again, trying to

china fighting back. hello, everyone, i'm dana perino and this is "the daily briefing." the u.s. slapping attacks on $34 billion worth of chinese imports starting today and china retaliating including tariffs on soybeans, whiskey and cars and the president says that the u.s. will come out on top. >> president trump: i respect china and china's president but they've been killing us. $507 billion in trade deficits last year. the war was lost on trade many years ago. when they say not a free trader, i say, no, no, the war was lost but now we're going to win it because we have all of the car cards. >> dana: and here now to break down the numbers, colin from the fox business network, what is going on? >> we may all end up paying more for different items. rhetoric is one thing, we've had for all time. but this is a real trade war right now to the extent that the u.s. fired that first shot and the chinese coming back applying tariffs on they say 545 different items and a spokesperson for the chinese ministry of commerce saying that the united states has ignited the largest trademark in e

central banks moved to weaken daily currency fixing, the most since 2016. joining me to discuss chinand emerging markets is a diana amoa, senior portfolio manager at j.p. morgan and still with me michael -- -- bob bob michele. with what is happening with the currency policy, things have changed. what the chinese are doing is the right response. what we have seen is they stepped back from the currency. they are willing to let the trade determine where the is. -- they areg to willing to see where the market is pricing it. that is a good response. for the pboc it is the right thing. they will allow some banks to invest again and ease regulations. liquidityo redo track -- they are trying to redirect liquidity. the chinese are having the right response. jonathan: there are many ways to look at the giants -- chinese currency. when you look at it, what story do you see? lisa: i think the dollar and the currency is trading roughly where we think fair value is. depreciating in the trade basket, looking at euro and asian currencies. that makes sense. the trade right now is going more toward asi

we've been attacked daily by countries, russia, china, north korea and iran, those are wonderful friends't they? said russia is the number one and most aggressive at all in attacking us. red lights are blinking and said ever since putin was put in charge of russia, like the russian bear was coming out of its cave. it's a bear that is hungry and clawing for more territory and more influence. that's what we need to be focusing on. not just sort of brushing it aside and letting bygones be bygones, he must bring that into the conversation with putin. >> phil mudd he also suggested that the blinking lights were going off in terms of cyber attacks attacks akin to the way they were getting warning signs before 9/11. >> we're seeing not only from intelligence but also from the department of homeland security and the president characterized this as an obama problem. we saw that this week, talking about continued russian efforts to go against u.s. social media. i think that the most bizarre thing about all of this, is that nato has been -- one frt foundations of nato is predictability, it led to t

price change, daily price change in china. u.s. dollar. let's look at the next chart that.ght help dictate demrow flows into the bond markets. that speaks to one of our top stories. there's your title for you. this accelerating flow into chinese fixed income, into the cove -- sovereign dealt market. june, i caulked -- talked about that, the biggest drop in the currency in 24 years. the currency's weakness could well prove to be a buying opportunity. let's look at how yields have changed. we've seen the occurrence cubsy. we've seen "money flow" in we've seen the percentage change in holdings of outstanding dealt this is the change over three months in 10-year yields. germany is a completely different story. 17 basis points but the rest you can see what the up. brazil and turkey essentially somewhere in the floor below where we are. that gimps awe change of what has happened in the bottom markets. haidi: it's been difficult but this week so far has seemed a little bit calmer. be ready to weigh back in. joining us out of singapore is kenneth akintewe, the head of aberdeen inve

china. this is the company that reached thereached -- breached vaccine industry. you are seeing it down by the daily limit once again. in austria, we are looking at the implications of trade war's. in terms of exports to china, they are looking good. >> thank you. let us get back to our top stories. china has unveiled a package of policies to boost the economy. see -- thethe bbo pboc slashed the daily reference rates. stimulate the economy have sent the currency to a one year low. joining us now is pater chatwell head of rates strategy at mizuho international. they are saying though it is a bit of a tweet. not a big shift. do you agree? that thisould agree is incremental policy change. it comes at a good time because this is when the chinese economy has been confronted with the tariffs from the u.s. so it is helpful to boost and support demand and confidence at this point. nolso think that just by longer looking to intervene into the currency at this point, and just allowing the national -- the natural market forces to have their influence on the currency will also end up being supportive for the ec

daily revenue. the top economic advisor is blaming china for the stallinjg talks, saying that they chinese president is holding things up. have ant xi does not deal and has no intention on following through with other agreements. jay powell spoke out against trade barriers and said that the lower tariffs would be good, saying that he opposed protectionism and doesn't want to see a trade uncertainty upset economic momentum and remained upbeat about the economy and said that there is no indication a recession is eminent. some people cannot help making money. added $4 billion to his fortune after giving away $3 billion to charity. most ines rose the years and the wealth of buffett had dropped after he announces latest gift. by 2700ews is powered journalists and analysts in 120 countries. this is bloomberg. so much fork you that. let's get you a quick update on the march and we have the wall street financials waking up from the decline in tech after the stellar set of earnings from the u.s. banks. take a look at how we set up for the asian open with the kiwi sto cks pretty open and the outperfr % higher

daily to start a trade war countries like china will start looking to new alternatives markets to try and buy and sell their products received thirty in the last few days china has been visiting some as in countries it's been putting out of money on to the continent for example it's promising to give south africa fifteen billion dollars for infrastructure development projects is also doing the same. and so i think we'll see a lot of that is china try to find other markets try cement itself not just an accident in other countries as well what you'll likely see when the summit in does we won't see leaders openly criticizing donald trump all see them come out as united force say they go to work better together and they're trying to increase trade between themselves much like it was the year wasn't that long ago was it really that the whole notion of bricks became a reality it was a phrase was that it was coined by the former head of goldman sachs. at the time it was imagine that these bricks these are massive emerging strong economies could have almost taken over the world it hasn't happ

china's second largest online retailer jadi dot com is looking to enter the european market c.e.o. richard lui told german business daily hundred splot that he will have a strategy in place by the end of the year that could potentially shake up europe's competitive e-commerce industry. jadi dot com wants to take on amazon and it plans to start with a european market the chinese e-commerce giant is said to be planning to build logistic centers in germany and france as part of a strategy to help it sell directly to europeans and europe is the second largest retail market after north america so j.d. dot com could face tons of competition from established players the top five include global e-commerce leader amazon u.k. based tesco and germany's lando. but that is where the company strategy could help jadi dot com c.e.o. says the only retailer could acquire european competitors to help expand on the continent a move that would certainly change europe's e-commerce landscape and help j.d. dot com compete with amazon. jinping has become the first chinese president to visit rwanda it's his second stop in africa g m's to further

daily on cyber. four nations that are there. one is russia. north korea, another is chinad -- >> iran i think is the fourth. >> yeah. but the number one attacker on a daily basis is russia. and i thought coats' statement tonight was very good put out saying we give the president the best intelligence we have. we're straight with him. what he does with it basically we leave to him. i don't think he's under pressure to resign because the intelligence wasn't accepted. i think he is more important than ever to stay, at least through the -- what could be a crisis period here now and see this through. i want to go back to another point. what we have learned in domestic politics is that resistance to trump has sparked a really strong pushback, especially among women. we see that among women candidates, women voters. and i think we're going to see much the same with the europeans. angela merkel said a few weeks ago we have to learn how to be independent and might be a good thing. >> yeah. >> it is -- there's something healthy about the europeans becoming more self -- self reliant.