chang is familiar with this phenomenon is a human rights activist and editor in chief of the china digital times the advantage of those chinese companies are the promise of the government they harbor compasses to censor and control like contents so they will not they will listen to the government or they will actually preemptively deleting lot of the contents before the internet police even take a look the messaging up we can use algorithms to prevent the transfer of photos in real time. kind of his university of toronto citizen lab found this out the image of an empty chair commemorating a dead human rights activist simply doesn't go through to chat partners in china. so if upload a picture to share with a friend it's immediately compared to a database if it raises concern there the picture is simply not sent the whole process is completely automated with image recognition software while it's technically fascinating socio political consequences are terrifying she was young says online censorship has massively increased under general secretary xi jinping now the chinese internet is much more a p

you know, controlling all the state party lines, you have seen if you go to china, digital time, leaked propaganda department advisories on what can and cannot be said. you will notice during big events, the headlines are consistent across everything and you will see those exact headlines echoed in western media or international media, shockingly. this is something we pulled off of great fire.org, and otf project. it gives you kind of an idea of what censorship looks like the -- the hind the great firewall of china. sorry that was so fast. if you need me to slow down, say , could you hold it for a second? so, the global narrative. they have committed -- a committed strategy of making sure their views are representative and that and t ccp views are discouraged. cri, china radio international, probably a few years ago now, there was an investigative report that basically outed enormous, covert, international network of radio stations that hide the fact that they put on ccp state media, including in the united states. i bring that up because these things are purposeful. they are incredibly

you know, controlling all the state party lines, you have seen if you go to china, digital time, leaked propaganda department advisories on what can and cannot be said. you will notice during big events, the headlines are consistent across everything and you will see those exact headlines echoed in western media or international media, shockingly. something we pulled off of great fire.org, and otf project. an idea ofu kind of what censorship looks like the hind the great firewall of china. fast.that was so if you need me to slow down, say so. so, the global narrative. committed -- a committed strategy of making views are representative and that and t cct views are discouraged. sorry that i lost my place. international,o probably a few years ago now, there was an investigative report that basically outed enormous, covert, international network of radio stations that hide the fact that they put on ccp state media, including in the united states. i bring that up because these things are purposeful. they are incredibly strategic. if you wanted to convince the american people that, you know,

time. the region is already suffering from the u.s. china trade war. suffering, are double-digittion for the last couple months. we are already seeing weakness. hong kong is getting it from three sides. we have already seen the drying up of the retail sales. shopping areas have been shut down for the past few weeks. out, some of the trade and travel links are being disrupted. is overly, the downside the hong kong economy. it could not come at a worse time. shery: what about the finance part of things, liquidity was tightening, the hong kong dollar carry trade was one of the winners out there. how is that working now that we see a stronger hong kong dollar within the trading band? year, we sawlast low interest rates in hong kong, high elsewhere. people were selling the hong kong dollar, taking advantage of the rate differential in other instruments. is, they havetion to intervene, they buy hong kong dollars, interest rates jump up. the band ande off then we have a natural rebalancing. that is the way the currency world works. i feel confident the hong kong dollar peg will remain i

it has been viewed 350,000 times, with some calling for a boycott of one of china's corporate crown jewels. to singapore, exports posted a double-digiturther sign city state is on the age of an economic downturn. exportsstic air -- declined from same time last year. it is not the largest fear, but the fifth straight month in both categories fell on a year-over-year basis. shipping's largest line is adding to gloomy forecasts of the global economy. maersk released earnings along with a warning about trait and weakening demand for containers. shares jumped as profit beat expectations, but fell as they went on to say the escalating to .5%ar could remove up of global container demand this year and next. global news, 24 hours a day on air and at tictoc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. keenan. this is bloomberg. vowing this iss a violation of you was accords, beijing pushing back on efforts to link trade war with the terminal in hong kong as trump is said to talk to xi soon. president trump: i don't think they will retaliate, but if they could, we have the ultimate form of retaliat

china's leader is a good man in a tough business. >>> and with one democrat in single digits launching his campaign for a third time tomorrow, ignoringate a second time, there's a new late report tonight that another democrat is getting out entirely as "the 11th hour" gets under way on this wednesday night. >>> well, good evening once again from our nbc news headquarters here in new york. day 937 of the trump

china's leader is a good man in a tough business. >>> and with one democrat in single digits launching his campaign for a third time tomorrow, ignoring requests to go home and run for senate a second time, there's a new late report tonight that another democrat is getting out entirely as "the 11th hour" gets under way on this wednesday night. >>> well, good evening once again from our nbc news headquarters here in new york. day 937 of the trump administration and a giant dark cloud has taken its new place on the horizon as potential big trouble for the trump economy. the stock market posted its biggest decline of the year as a key predictor of recession is now flashing for the first time since 2007. >> warning signs flashing red that the economy could be headed for turmoil. the dow closing over 800 points down today. >> well, read it and weep. if you're long this market, you were whipped and chilled by this market. >> fears of another recession causing panic on wall street today. the dow taking a dramatic tumble. >> the dow's 800-point drop is more than 3%. among some of the key factors the effects of the trade war along with signs o

time. they have so many things they're doing that is right, especially in digital they have weathered the storm with chinanly thing is the stock is expensi expensive. >> so nike/under armour, you own both >> yes >> you're not willing to pick between the two? >> i feel like nike is a long-term compounder, especially quality. but under armour, especially given the pullback, the story is still on track so actually, if given the choice between the two, i add to under armour here and hold nike. >> and you take lulu over both >> i think it's very smart on the part of nike nike trading at 81, i think that's getting to a point where you want to step in and buy. they're focusing on the brand, getting the parents involved the ordering of those shoes is going to involve not only the parents paying for it, but the sizing itself. walmart does something right now on a subscription basis with beauty products that's somewhat similar. i think this is a very smart idea on the part of nike >> you know, i've owned it i've liked it in the past and steph, at 24 times, that is good price. the only problem is the sentiment, i th

liz: just a short time ago president trump addressed his threat to hit china with an additional tariff of $30 billion. that was enough to wipe out a rally and send stocks down triple digits. and we'll bring you what the president said about jobs. we have got it for you. the president on his way to the rally in cincinnati, ohio in just a few hours. also, a twist no one saw coming. a turn shock media and democrats alike. now the 2020 dems making the debates a referendum on president obama. it's another sign of how far left the party has gone. we have the rundown on the 2020 democrats not only ignoring democrat officials' advice, bur they are attacking obama. when they go after obama, it will put a sharp focus on their own policies. that polls show americans don't want. remember how the democrats wanted robert mueller to make their narrative for them about the president? now the 2020 democrats making a narrative for why voters shouldn't go for them. we have the break down of the plugs, the gaffes, the mistakes, the whoppers from last night, and the word they did not speak that affect yours and your family's prosperity big time. the media calling out democrats for consistent

time high today. the retailer, boosting their earnings forecast. target reported digital sales were up 34%. coming up, president trump says he is the chosen one to take on china will discuss the ongoing china-u.s. trade dispute with a former ambassador. white terror groups -- why tariffs are not working. this is bloomberg. ♪ >> i am the chosen one. somebody had to do it, so i am taking on china. i am taking on china on trade. and you know what? we are winning. emily: president trump earlier wednesday talking about taking on china in regards to treat. disputessador took his to the l.a. times in an op-ed writing "if as a result the -- noe companies do not longer compete in the u.s. market, it would push china to to clinch market leadership elsewhere." presidents who have dealt with china and had to deal with china. what is your reaction to president trump calling himself the chosen one on china? >> i try and stay out of politics. obviously, the president is very sure of himself. he is trying to point out how essential he is to decision-making on this. in that, he is right. emily: you don't think tariffs are going to work. why? >> i go back to the original objec

china's leader is a good man in a tough business. >>> and with one democrat in single digits launching his campaign for a third time tomorrow, ignoring requests to go home and run for senate a second time, there's a new late report tonight that another democrat is getting out entirely as "the 11th hour" gets under way on this wednesday night. >>> well, good evening once again from our nbc news headquarters here in new york. day 937 of the trump administration and a gia d

messages on china and the president said prospects are better now than at any time since negotiations began last year. >>> u.s. and french officials have reached a compromise over the 3% digital tax and according to reports, they said it would reimburse tech companies the difference between the new tax and tax imposed by the organization for economic cooperation and development and president donald trump has spoken out saying it targets big american companies like google, facebook and amazon. >>> a fan favorite is back at starbucks? >> reporter: a big day for pumpkin spice latte fans. it's back on the menu at starbucks and is the best- selling seasonal beverage of all time with more than 424 million serves as of 2003. they are releasing a new slightly less expensive pumpkin cream cold brews drink. >> it's that time of year. thank you. >> i got a little taste of that from my favorite barista a few weeks ago, delicious and very fall like. >>> next month, expect major delays at sfo. coming up, the busiest run we will be shutdown for construction and what travelers can do to avoid a travel nightmare. >>> i'm tracking tropical moisture moving into the bay area and we are talking a

time it is to the upside. stocks rebounding shortly from monday's triple-digit decline after president trump backed off a trade threat against china, at least for now. the white house announcing that a new wave of tariffs on items like iphones, tvs, video game consoles. it's an estimated $300 billion in chinese-made consumer goods will now go into effect in december instead of two weeks from now. >> the stock market is way up today for various reasons, including tariffs. just in case they might have an impact on people, what we've done is we've delayed it so that they won't be relevant for the christmas shopping season. >> and here's some live pictures. the president there now in pittsburgh, where he'll be giving a speech touting his policies and their impact on the economy. but a good day for the dow. that's not the whole story here. economists at several top firms now increasing the odds of a recession. and some of them appointing to trump's trade battle with china and the uncertainty that comes right along with that. there's also the deficit, which grew to $876 billion through the month of july. that is a 27% jump from the same

china off-track in trade negotiations. choice beijing has "no but to retaliate." singapore exports posted another double-digit decline in a further sign of economic downturn. nonoil domestic exports declined 11.2% in july from the same timest year. electronic shipments jumped to 24%. the contractions mark the fifth straight month that fell on a year on year basis. an iranian oil tanker detained by the u.k. has been released, but the u.s. is threatening sanctions against anyone who supports the vessel. it was seized six weeks ago. it was released after tehran provided assurances it won't -- the washington says the release of the ship is in achievement. alibaba's co-founder is meeting to take control of an nba franchise and their home court. he is expected to sign a deal valued at more than $700 million, while at the same time picking up 51% that he doesn't already own. the whole deal is worth $3.5 million. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm rosalind chin. this is bloomberg. haslinda: another escalation in the trade war rhetoric, with china saying looming u.s. tariff s violate accords reached. beijing is vowing unspe

liz: just a short time ago president trump addressed his threat to hit china with an additional tariff of $30 billion. that was enough to wipe out a rally and send stocks down triple digitsl bring you what the president said about jobs. we have got it for you. the president on his way to the rally in cincinnati, ohio in just a few hours. also, a twist no one saw coming. a turn shock media and democrats alike. now

coming at a time when we're seeing double digit increases in the city's homeless population in the past 2 years. >>and it is threatening to impose a new tariff on chinese goods and now china'sning to retaliate if those tariffs go into effect on september first as the nresident has indicated on twitter the president says the us will slap a new 10% tariff on billion worth of chinese products coming into the u s the new round of tariffs could hit us consumers harder. then the first round of tariffs because this time it will hit consumer goods. it would tax goods like iphones and consumer electronics sneakers toys a lot of things you find in places like target there walmart earlier this year the us apply tariffs on $250 billion worth of chinese goods. china related to retaliate with tariffs then. imposing a billion of tariffs on american goods so we'll see what happens with this and if those tariffs come into play. well, the markets are reacting this morning we've got the dow starting off negative this morning as you can see so investors not reacting to well this came kind of a surprise to them by all accounts, it. the pier, this negotiations were going well with china the pres

china has been coping with capital outflows for some time now, which tend to depreciate the currencies. when you can really have made the case for more manipulation was years back, the double-digitapital inflows, in big tendency to appreciate, and they were fighting that. it is ironic it is surfacing now. kathleen: they open up the credi currency and let it from really. -- roam freely. carmen: the big difference from any country pause currency weakening, china's currency, and this goes back to the hong kong big repercussions for emerging markets. emerging markets are competing with china, and they do not want their currency to appreciate versus the renminbi. it is somewhat ironic that we are seeing this accusation. kathleen: jackson hole, this conference, jay powell's speech, is the fed on the sideline? if it cuts rates or does not cut rates, does the fed have a key role in all of this? ismen: what the fed does always a really critical point in the global economy. if you go back through history, even right through the present, federal reserve interest rate cycles have outsized the facts globally. were not lowering interest rates right now, i don't think we would have seen this s

china and hong kong shanghai up 2%. up 2.1%. tech giants back in washington, this time fighting a frenchings tax on digital services.ld do in retaliation there, and more players entering cryptocurrency field mastercard has a cryptoteam after partners with facebook on libra and then a 9 million supercar a look at what makes this new so special. all of many coming up but fist a top story and that is unrest in hong kong what does it mean near 2 million fill the streets peacefully over the weekend it was pouring out, and yet they came out and defiance of a police ban. up brel are a and all as what isive protest continue over extradition to mainland china and wider demanding about democrat reform. hong kong tech tycoon and join me on sunday morning futures yesterday and emphasize the idea of hong kong protesters not gi up until they see their autonomy in hong kong joined who's these protest first broke out. couple of week ago what has changed in that time frame? >> hong kong it is really determined to persist the fight until we get what we want. what do you want? >> well what we want is -- because we connen -- in coachme

time this morning. thank you for what you and your team are able to do. >> jon: now fox news alert, the dow down triple digits of the wake of china's plans to retaliate againstoints at the moment. just moments ago, president tweeted he is ordering u.s. companies who do business in china to come home. the president also saying he will respond to china this afternoon. ric grenell with more on that next. don't get just one pair of perfect glasses. buy any pair at regular price, get one free. really. visionworks. see the difference. >> sandra: fox news alert, president trump saying he will respond to the latest round of tears from china, going to make that announcement later today after those retaliatory tariffs came in this morning. this is coming as china announced the $75 billion of tariffs that move markets down 365 and falling on the latest headlines from the president. he has been tweeting in the last few moments, the last half an hour or so saying that he is now ordering american companies begin looking for an alternative to doing business in china. ric grenell is the u.s. ambassador to germany and joins us now. it's great to have you on the program this

long-time -- you're a cnbcer for life and it's so important that you're here, given what's happening in china and hong kong we're going to talk about it in a second we're triple digitsints the s&p 500 off about 15 points. this is as concerns continue to mount in hong kong, after new protests have canceled all flights out of the airport we're going to talk about that in a little bit. here's what's making headlines at this hour an autopsy has been performed on jeffrey epstein. details have yet to be released. epstein could have been facing up to 45s in the prison. >> blackrock is buying a stake in brands group. they own "sports illustrated," 9 west and aeropostale the falling price of oil has been reflected at the gasoline pump the latest lumbergh surface puts gas at $2.74 per gallon. >> on futures pointing to a lower open, the trade war could push economies around the world for a recession. aman joins us from washington. >> trying to digest the trade war on this economy. goldman sachs has concluded the situation is worse than they thought. goldman sachs is lowering their estimate to 1.8% saying it's caused by sentiment and survey capping by companies that are less li

first time since 2012 contracting two-tenths of a percent between april and june cac quarante down 44 dax in triple digits down 127 asian markets mixed fractional moves across the board in china surge in price of pork, china ppi fell into deflation for the very first time infully years the gdp in japan was up 1.8% second quarter a fresh round of protests in hoang hong, activists gathering in international airport in hong kong one of the busiest in the world leader of hong kong issuing dire warning on economy stuart varney coming up with what this means for u.s. china relations uber a speed bump ride-sharing giant posted largest quarterly loss lost 5.2 billion dollars in quarter down 8% right now, sliding ahead of opening of trading this morning, top story this half an hour global monetary policy four global central banks announcing cutting interest rates this week coming after chairman jay powell announced fed rate cut last week president trump calling for more fed cuts to help manufacturing companies car mention compete on left playing field joining me former fed chairmen, dr. green spann always a pleasure to see you thanks so much for joining us. >> my pleasure maria. >> fi

digit loss. the worries about china trade. here's a question for you. how does either side back off in this trade war? doesn't it mean it's going to last for a long timethe question, see what answer we get. >>> iran seizing another oil tanker in the gulf. it's the third incident in just the last few weeks. will secretary of state pompeo meet with the iranians? our guest says it could happen sooner rather than later. how about that? stuart: we thought we had seen a little buying since the dow was down a mere 490 a few minutes ago. now we are back down 550. i want to bring in michael o'keefe. i want to ask the question, are you buying? is this a buying opportunity? prices are depressed, for heaven's sake. you buying? >> short answer is yes. stuart: you are? >> here's the thing. when we have clients that have money to put to work, we always do a little at a time. in an environment like this, the next step we want to take, we are moving it forward. stuart: that takes a strong stomach, doesn't it? yeah, you got a lot of money, put it into a risky stock. >> that's right. well, it is, but again, i think at the end of the day, we think this is a little bit ov