the pricing of shares in china towers' initial public offering will happen soon.he world's largest telecoms tower operator listing in hong kong which could raise as much as $9 billion, which would likely make it the largest global ipo since alibaba group collected $25 billion four years ago. the chief investment officer at mandarin capital spoke me earlier. china is very focused on getting 5g going up and becoming a technique, so going up and becoming a technique, so in order to have the 5g networks at full power you need to increase your towers. they created this china tower by amalgamating three other telecom companies in order to start big progress and targeting the 5g market. it is going to be potentially the world's largest ipo since alibaba for a firm with let's face it no global recognition and what some might call a fairly steady but dull sort of business, so is it going to attract investment from investors ? going to attract investment from investors? we have been seeing on the institutional side quite decent interest. on the retail side however it has be

there are fingerprints all over china tower's $9 billion ipo. this is bloomberg. ♪ rishaad: this is bloomberg markets in hong kong. haidi: the reasons behind china's recent edition of the stimulus becoming more evident. early indicators that the economy slowed in july. bloomberg says mainline business have been hurt by title -- tidal liquidity conditions. help could be on the way. china's security general reporting that monetary policy is likely to remain marginally loose in the second half. measures signal a significant change in policy toward helping the economy. guest,ring back our ahead of macro strategy at state street global markets. will we see these macro conditions easing -- does that create a good basis for a china rebounded what are the implications for the currency? dwyfor: the china rebound is something that is some way away. clearly authorities are moving toward trying to generate some stimulus in the economy. there was the idea of holding growth steady. this is something people have been talking about. the currency is really in pla

this is china tower, the state-owned wireless infrastructure operator.attracted a unit of alibaba group as cornerstone investors. at that valuation we are looking at a yield that would be the biggest ipo in the world since alibaba which was four years ago. not a great time for this listing to come to the market. the hang seng is down from the highs of january and other major ipo's we have had this year, high-profile ones like xiaomi have been a disappointment. lots more to come on that story but also grace were an avalanche of earnings on wall street this week, though faang stocks looming large and industrials and energy giants, we will have a look at the week ahead. this is bloomberg. ♪ ♪ kathleen: this is -- haidi: this is daybreak asia. earnings the slowest -- big oil, big tech and the financial firms all on the list. su keenan here with a preview. su: we have a lot in deed. some are calling it an avalanche. we start off with alphabet, then tuesday we have ubs from switzerland, amazon, facebook and deutsche bank on wednesday and thursday. we close out

china tower aims to raise more than $8 billion. accine-makers tumbling. we will have a closer look at that story later on. ♪ >> this is bloomberg markets asia. baby boy -- dave: still with us is eddite cheung. we talked about the yuan, but butts talk about the yen. -- but let's talk about the yen. out with a fixed rate operation, does that mean there is no change as far as purchases are concerned or did the need to change in what do you think that might be? that move is more symbolic. we haven't seen the boj announced fixed-rate operations. symbolic --s a bit there is a bit of a move for jgb to move higher but they are still committed. look at the inflation data we are not there yet and we have quite a lot of political sensitivities around elections at the end of the year. do think they want to change much at the moment. david: do they need to change? it doesn't seem that they can change. >> the fed is hiking, the ecb is somewhere in between. boj will probably be the slowest of the three. see that happy to haven't the japanese were

kenny: china tower -- i find it is a totally different respond.titutional investor, they think utility and a relatively high dividend. with them.scussion they think it is just not sexy enough. they would rather buy another kind of mobile. i think the response from the retail investor will be a disappointing to the company management. rishaad: who else are you looking forward to on the ipo side coming into the market? kenny: we are looking for technical names. highly anticipated companies like xiaomi and china tower are on the list. rishaad: i want to talk about buybacks. we have seen a buybacks surge. i want to bring this chart from our library onto the screen. indicate the number of buybacks taking place. they are surging at the moment. every time they surge, we got the hang seng bottoming out. are we bottoming out now? because we have done previously. is this a good predictor, perhaps? kenny: it is a good signal. when they do the buybacks, usually it gives a good signal to the market. they believe the company is undervalued. i believe the rally

kathleen: china towers said to holdingcapital and companies to its plan ipo.ay they are among 10 companies to buy stock as cornerstone investors. atna towers offering shares one dollar 26 -- one dollars $.26. this would be the biggest in nearly four years. ♪ haidi: we are looking at a a lot of trading week, events facing investors, not the least of which keeping one eye on the yuan. we have the pboc meeting in two years on friday. how much more can they tolerate and how much does that affect the rest of the emerging markets? this is how we are trading at the moment as asia wakes up. new zealand looking lower, sydney indicating a downside, .3%. we are seeing weakness across energy, looking to dominate trading with oil prices continuing to fluctuate on account of trade tensions weighing into the demand side of the story. the aussie dollar above $.74 u.s., the u.s. dollar declining towards the end of last week. this is bloomberg. ♪ is bloomberg. ♪ haidi: it is 8:30 in sydney. markets open in 90 minutes time, futures looking weaker as we head into the brand-new tr

the tech deals have not been performing so well, so maybe this little difference will give this china towerittle more bump. >> i guess if it does do well, theight see backers price nonconventional with a little more froth. thank you. breaking news before we go here of thelinzie td -- out cte -- out of zte. the company has named a new ceo. and looking at the stock price now, and little bit lower, as you can see. i'm looking at a hong kong listing here. we are a little bit higher than .8% here, so a good of a divergence. we are, of course, given mind, on the lunch break. that is it from us here on bloomberg markets asia. we will see you all tomorrow. "daybreak" is coming up next. ♪ do not reflect bloomberg, its affiliates or its employees. >> the following is a paid program for traeger woodfire grills, sponsored by traeger. be warned. it contains footage of the luscious food meat, desserts. you may find your stomach growling, your mouth watering, or that you have an uncontrollable urge to order your own traeger woodfire grill. ♪ announcer: what is traegering? traeger is this, that, and

elsewhere, china tower, the beijing-based telephone tower company -- the state owned firm raised $1.4 billion after it set a price range between 1.26 and 1.58 hong kong dollars in billions, of course not at all in billions it's in specific pricing for the share. i'm sorry. the listing to be one of the largest in years alibaba and others are among the ten investors. >>> all right. lewis hamilton came from 14th place to take a quote miracle victory in the german grand prix ferrari sebastian vettel crashed. >>> the first major gold champion to win the open at carrnoustie. tiger woods appeared to have a joust in the majors until a bogey at the 11th hole i made a bad joke on twitter yesterday when i said something like trade -- >> he got a pretty solid round tiger had a few too many bogeys on the last round. molinari was solid as a rock >>> meanwhile, he's retired from the national team. racism and disrespect over his turkish roots. perhaps the world cup where germany underperformed, social media, often -- for a photo. he said that german football president blamed him for the country's lac

on china tower, for example, a state owned enterprise.ne with a similar investor base. yvonne: we have hurdles and a lot of companies speculating that they gave you the waters right now. do you think it is a function that the rules are still to flex for the way that they digest? or is it what they are overseeing in china at the moment. john: the rules are still working with the csrc and the regulators to make the cbr program work. yvonne: what excites you the most here? these companies have been around three to five years. usersds of daily active and the technology companies are looking to grow and band outside of the region. i think of the end of september, we had seven transactions from china that we want to see come to new york. it's an exciting time. we saw pricing at the top end of the range, are we expecting a lot of optimism here? the tradeking about war and the valuation. are they priced to high? -- too high? john: it's on a case-by-case basis and investors should look at the fundamentals of the company and how they will perform i

calling the unfair transfers of american technology and intellectual property to china will imposing tyrus trade towers like this achieve those to go. on the job front no effectively global supply chains are so integrated particularly in the areas he's targeting such as elektra nixon or materials. just the u.s. wants to be more self-sufficient in these industries but that's just an impossible goal they can get closer to or to add a call to the global economy but they will never get completely towards it because the cost of having only different factories producing over there from bits of product is just impossible to get to complete self-sufficiency so i'm. a naive question for me which is when when donald trump complains about all the german cars being driven by americans and the lack of us autos being driven in europe is the arms a simple as well the germans just make the cars i may cause the people want to buy where america just doesn't. well. i think we will ultimately fail industry could change markedly over the next ten twenty years anyway with new technologies and automation coming in so i think

washington of launching what it calls the largest trade war in economic history china says the u.s. is that trade towers have set the stage for a long showdown between two of the world's biggest economies the bride joins us live now from beijing rob so not surprisingly 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

markets a stalled after president threatened to slap five hundred billion dollars of trade tower ifs on china that's the total amount of chinese goods imported into the u.s. last year washington has already imposed levies on thirty four billion dollars worth of goods which beijing quickly reciprocated the international monetary fund warns these tit for tat tariffs could cause serious damage to the global economy. i raised fifty we're down five hundred now some people would say three hundred seventy five billion i'm not talking about million i'm not talking about pennies i'm talking about we're down three hundred seventy five billion but other estimates could say five hundred seven it doesn't matter so it's in between there or it's there we're down a tremendous amount i raised fifty and they matched us as you don't match just meanwhile the u.s. secretary of state might pump a zero is saying the economic sanctions need to be fully enforced against north korea in order to get it to eliminate its nuclear weapons made the comments after meeting south korea's foreign minister at cancun wa and u.n.

cheer up a force to run into each other's arms the leaders of china and germany meeting today to talk business also coming up forget trump's tower of tirades we look at all of the hurdles apart from the purchase price which put europeans off american auto. and done the winter of this your business up that. china has declared itself the de facto leader of global free trade since donald trump started pushing his america first policies as a potential for a trade war between the two countries looms large china's looking for friends elsewhere so of course close economic ties are on the agenda as china's premier meets germany's chancellor today but the friendship comes with some healthy dose of skepticism. all eyes are on china along with premier league pitching came news of the construction of a new factory for battery cells in germany china's c a.t.l. wants to supply car makers b.m.w. and dialer from the german plant investments worth millions collaboration and high tech are the positive aspects of economic relations and both science now depend on good relations more than ever since the u.s. imposed punitive tariffs on chinese produ

on two hundred billion dollars worth of chinese goods that would be on top of the tower of already announced our china correspondent adrian brown has more from beijing. well more angry words from china's commerce ministry on wednesday a spokesman saying that the latest u.s. action was unacceptable and that china was shocked saying that the united states was accelerating and escalating the trade dispute with china he warned that china would take countermeasures but didn't specify what those would be but it's got many firms u.s. firms here in china worrying that perhaps the chinese government might start harassing u.s. firms here now china has also said it's going to sue the united states at the world trade organization we've heard very little from the w t o's so far remember this was the organization set up to deal with disputes just like this meanwhile stock markets here in asia have not been reacting well the hang seng index dropped more than two percent on wednesday morning the nikkei index in tokyo dropped also by one percent the markets are worried about inflation and about economic growth china m

all the news of course on our website all the latest on the trade towers between the u.s. and china there is on your screen the address al-jazeera dot com. part of a quick check of the headlines here now jazeera beijing as accuse the trumpet ministration of launching the largest trade war in economic history after u.s. tires of thirty four billion dollars on chinese goods went into effect china's vowing counter measures setting the stage for a prolonged trade conflict between the world's two biggest economies bright as more from beijing clearly people in this part of the world are nervous we've seen stock prices only fall very slightly today but it has to be said that all of this negative sentiment has been feeding into the market and we have been seeing share prices generally go in a downward direction over the past couple of weeks in thailand one of the divers helping with the cave rescue of a teenage football team has died the former navy seal lost consciousness on his way out of the cave where he'd been delivering oxygen tanks to the twelve boys and their coach rescuers on a rac

news of course on our website there what is on his screen all the latest on those trade towers in the u.s. and china address al-jazeera dot com. dot com. time for a quick check of the headlines here on al-jazeera china has responded with terrorist just hours after the trumpet ministration impose duties with thirty four billion dollars on chinese imports beijing is accused washington of launching the biggest trade war in economic history china's also called the u.s. a trade bully bright as more from beijing clearly people in this part of the world are nervous we've seen stock prices only fall very slightly today but it has to be said that all of this negative sentiment has been feeding into the market and we have been seeing share prices generally go in a downward direction over the past couple of weeks in thailand one of the divers helping with the rescue of a boy's football team trapped in a cave has died the former navy seal lost consciousness and a lack of oxygen on his way out of the cave he'd been delivering oxygen tanks to the twelve boys and their coach and in southern thailand the bodies of

tower in new york. so does the pentagon. so does china's largest bank. government of qatar this spring paid $6.5 million for an apartment in trump world tower, joining the governments of saudi arabia, india, and afghanistan there. trump businesses overseas has gotten foreign government help too. china is reportedly lending $500 million to a trump-linked development project in indonesia. china has also approved dozens of trademarks for trump family businesses since he won the presidency. the white house notes congress exempted presidents from conflict of interest statutes. >> by law, he can't have conflicts. >> reporter: but his ability to profit is not unlimited. in two emoluments clauses, the president is forbidden from taken money from individual states or foreign governments. the trump organization has pledged to donate profits derived from foreign entities to the u.s. treasury. in 2017, that donation was $151,000. less than 1/2 of 1% of $40 million in hotel income the president reported. a federal lawsuit filed by democratic members of congress and an

there's a lot of ways to make money in health care in china from biotech to medical equipment to health insurance. tower brook is a strategy that we asked the board -- it's a large cap buyout strategy. the board approved 75 million. we did get 50 million, and beacon light, which is an equity long-short strategy, we asked the board to approve 220 million. the board -- 225 million. the board did so. we expect the remainor of that will be call -- remainder of that will be called, as well. you see the portfolio is up 6.5% on an annualized basis and that's at a period of time when the bond market is actually slightly down. i am very pleased to welcome ron manning, and ron, if you could please stand and perhaps come to the podium and introduce yourself. ron has -- ron played football at rice university, so he's going to make me a really good running back. he played offensive line, but he also previously served at the dallas-fort worth retirement system, and he's got a distinguished education, as well. >> i'll just tell you a little bit about myself. i'm raised in houston, texas. i went to rice university in h

tower in new york. so does the pentagon. so does china's largest bank. government of qatar this spring paid $6.5 million for an apartment in trump world tower, joining the governments of saudi arabia, india, and afghanistan there. trump businesses overseas have gotten foreign government help, too. china is reportedly lending $500 million to a trump-linked development project in indonesia. china has also approved dozens of trademarks for trump family businesses since he won the presidency. the white house notes that congress exempted the president from conflict of interest statutes. >> i think he has no conflicts. by law he can't have conflicts. >> reporter: but his ability to profit is not unlimited. in two emoluments clauses, the constitution forbids the president from taking money from individual states or from foreign governments. respondi responding to those restrictions, they pledge to donate money to foreign entities from the u.s. treasury. that donation was $151,000. less than 40% of the income the president reported. a lieu suit filed by governmen

the trump tower on 5th avenue, china's largest state owned bank rents a $2 million a year space for its biggest office in america. the vineyard is in nearby charlottesville, virginia. jared kushner and ivanka trump who both took positions in the white house, brought in between $82,000,220,000,000 last year according to their financial disclosures. ivanka pulled in nearly $4 million just from her stake in the trump international hotel in washington. a large portion of jared's money came from his family's ownership of apartment complex in new jersey and maryland. and ivanka's more than $5 million of profits in her clothing brand got a nice little boost from kellyanne conway when during an interview from the white house briefing room she told fox news viewers to, quote, go buy ivanka's stuff. and speaking of ivanka trump's line, the president's daughter is officially dissolving the fashion brand more than a year after stepping away from the company to serve in the west wing. in a statement to nbc news she said, quote, after 17 months in washington, i do not know when or if i will ever retu

breaks block that's presumed russia india china and south africa meeting in janice berg and as we've said with most economic summits lately donald trump's trade towers are a big talking point china is ready moving closer to developing nations like brakes members to counter protectionism china the e.u. mexico and canada are the main targets of president tom's trade offensive and all have hit back with steep tabs in response later on wednesday the european commission president will meet at the white house but isn't too optimistic they'll be able to resolve anything else on wednesday mexican president elect andrus money over a draw or sit down with officials from canada they're looking for a united front ahead of talks resuming with the u.s. about the north american free trade deal or nafta which trump has threatened to abandon now white house correspondent kimberly how good is standing by for a discussion about how this meeting between trump and is likely to go we're going structure in just a few minutes but for right now we go to how or. why that breaks meeting is going on how are they able to present a united front the brics nations in face of this

the department of labor forced a real estate company from china to pay $250,000 to 22 employees. they worked on the silvery towers project in san jose. the employees lived in captivity in hayward. the owner was arrested and charged with forcing them to work on construction projects. cal fire honored a fallen hero killed fighting the ferguson fire near yosemite. they gathered for the funeral of braden barney, the cal fire veteran who lost his life on the job. the fire is only 16% contain and still very much a crisis. it is being called an unprecedented move. why the white house is threatening to strip security clearances from former high ranking officials. >>> parents, a popular snack item has been recalled over concerns about its safety. >> it's definitely one part stinky cheese, one part sweaty socks. >> doesn't that sound appetizing? forget holding your nose. why people are lining up to breathe in a whiff of a stinky scent. >> trying to picture this. tracking heat for the workweek. i will have the temperatures coming up. >> thanks so much. all that was is ahead for you, but first a look at what's coming up on j

and in trump tower here on fifth avenue, china's largest state owned bank rents a $2 million a year space for the biggest office in the united states. on sale at the shenandoah national park visitor center, trump wine. jared kushner and his wife who both took positions in the white house brought in anywhere between $82 million and $222 million last year, according to the disclosures, eyong ivanka p in. much of jared's -- ivanka got a nice little boost from counsellor to the president kellyanne conway telling fox viewers go buy her stuff. a big moneytizatiomoneytization. i need to remind you when the trump family did an interview on 60 minutes that nite ivanka's own employees sent out an e-mail telling us where we could get her bracelet. please, sarah sanders, gag me with a spoon on this. >> joining us john john harwood. before the inauguration, president trump said he would donate proceeds to the united states treasury. how closely is this tracking? >> well, i don't know how closely they're tracking it. they sayer they're going to donate the profits in 2017, they did. $150,000. but donald

china and south korea. think of it. i'm in the real estate businessi think about that. >> sean: [laughs] trump tower in north korea? resident trump: how good au location is that. china, south korea, right in the middle of both of them, surrounded by water. that is called, like, it could be anything better than that. it's also beautiful land. his incredible land. i think he wants -- i think he understands -- i told him about that today. i think he really understands i it. >> sean: the chinese, they are involved? the south korean, the japanese? >> president trump: look, china can't be thrilled about a very strong group of people having nuclear missiles with great capability right next to them. i reallyhr do believe they are. they were very, very helpful. i think maybe a little a littls so in the last two or three months because l we were talking about trade and other things. nothing is going to interfere with my relationship with president xi because i have great respect for him. he is really a great man and the true sense. >> sean: one of the best stories you tell, is an interesting story historically speaking, as yo

there you're going to be continuously exposed countries like china italy india and russia have far more stringent regulations over cell tower radiation than the united states are regulators dominated by physicists and engineers and not helpful text people ignore all of that evidence and therefore have standards that are totally unrealistic in out of date reporting in washington dan cohen r.t. . the hawaiian volcanic eruption continues to rage havoc a power plant is under major threat and there is even looting taking place at some evacuated properties here we present footage of mother nature's power. for her her of. pretty scary stuff and that is our news the saving follow me on twitter news where they had like me on the base for page we got a dot com i'm michel supporting from new york you merica newsroom thanks for watching tonight we'll see a record of all. that are going on the back on the other. not know that that not out of the not of the money that they're letting him and. this was a good time to. try to move there i find. that out loud and definitely not why not. why extending their own people we believe is the begin

second week there over better access to basic services and jobs trade tower of so the focus of talks between the european union and china in beijing european leaders warn china the u.s. and russia against a dangerous trade war the u.s. is fighting cases against countries that the world trade organization for retaliating against its tariffs renowned palestinian photographer anetta saeed has died in jail in syria nearly three years after he was arrested by government forces this is one of saeed's most famous photographs he's won awards for documenting life in the yarmouk refugee camp in southern damascus he was reportedly tortured to death in prison france's world cup winning football team have returned home to a hero's welcome huge crowds in paris have greeted the players who were crowned champions after beating croatia four to the incomes twenty years after france's first world cup triumph and those are the headlines the news continues here on al-jazeera after inside story by. a wave of joy in russia are all for a thrilling and to a successful world cup but off to the euphoria what's next for moscow on the many challeng

therefore under national security concerns, china mobile has been denied a license in order to build towers build a network here. moving on to other tariffs that are in the news, interestingly. the canadians now are not backing down off of their tariffs. they officially went into effect yesterday. the retaliation tariffs. the canadians saying that their position is the same. they're not changing. they're not a national security threat to the united states they say no reason for steel tariffs to go on. the president is trying to use those tariffs to level the playing field in terms of u.s. trade. this is how the white house says the president directly made his pitch to world leaders. listen. >> at the g7, the president actually proposed that they get rid of all tariffs and drop all barriers and have really great trade, and they refused that and escalating tariffs against the united states does nothing to help canada, and it only hurts american workers. >> the white house also hopeful for a deal with mexico now that there is a new leadership there or going to be a new leadership. a new mexico

republican conservatism, reagan's election in 1966 as governor of california, john towers election i can secure one, china fast food to one of these other elements that pushes the development -- fast forward -- conservatism that brings together with the anti-statism antiliberal totemism, in a considered entities political cultures is an evangelical thrusts, our renewal of family values, politicized after roe v. wade, 1973 which is a case that originates out of dallas, texas, and there's an accompanying case with that out of georgia project to sun belt states that are part of the landmark case in 1973. the supreme court's sanction of abortion after 1973 mixed with decisions on school prayer, on tax-exempt status for private schools which meany, which i develop in the sun belt, special after brown v. board of education and get the phenomenon of white flight which adds to suburban development in the sun belt. i'd say the development in the 1970s other religious mobilization and the development of what jerry falwell will be a part of with the moral majority in just a broader mission right which historians hav

towers and jim brown reports from the city. just ten days after the start of a trade war between china and the united states a timely summit in beijing china's leaders are hosting the european union's top officials one of whom had an urgent plea directed at china as well as the united states and russia it is a common duty. of europe and china. america and russia. not to destroy his old. butts to improve it. not to start through a divorce. which turned into a hot conflict so often in our history china's leadership wants a united front against u.s. president donald trump's trade policies and is hoping for an ally in the e.u. which is also quarrelling with trump over trade as well as defense to the u.s. trade friction is the problem between us china doesn't want to trade well with the u.s. we think there is no winner from a trade war any actions of violate the world trade organization rule serve the interests of no one. even though e.u. officials disagree with president trump very main wary about being part of a coalition against him that's because many european business executives here also share trump's concerns about doing business i

tower in moscow. maybe he wants to realign the global power structure, use russia as an ally against an emerging china or maybe putin has a tape of him in a hotel with two hookers going oh, daddy lakes, i love it. i love it! (cheers and applause) t t lasthat is open to debate but i just want to say for the record and please don't carve this on my teumentstone,-- tombstone, i agree with the fox news guy, and that was realtown. and that was not trump's only blunder. during the nato welcoming ceremony, while everyone else was looking at a military fly over here is trump looking in the wrong direction. (laughter) (applause) my condolences to the president for his crushing defeat in the first round of international simon says. (laughter) with everything going so badly in europe, i'm sure trump longs for the days of his summit with north korean dictator kim jung-un, remember? no more nukes. you can sleep safe, alan alda you can come home, your work is done. >> well, last week north korea from secretary of state and younger kevin jameses mike pompeo. and now we're getting reports that pompeo is north korea m

china mobile applied for application to compete with one of the big carriers, verizon, sprint, t-mobile. they wanted to build cell phone towersbuild a network in the united states. they billed themselves as largest global carrier with 649 million subscribers. however there looks like on national security concerns among other things they're going to be denied an application according to my sources. now that is because the parent company of this, they incorporated in delaware, the parent company traces back to the government of china. and they can not, the concern was, that 74% of the company is owned by the state of china, therefore under national security concerns they will be denied an application to build a network here in the united states. back to you. david: very interesting. edward, thank you very much. melissa. melissa: more breaking news. sarah sanders just announcing at white house press briefing that secretary of state mike pompeo will travel to north korea on thursday to meet with kim jong-un. here now is rebecca heinrich, hudson institute senior fellow. what do you make of that? >> you know i think that they will

a skyscraper in southwest china that boasts what its owner calls the world's largest man—made waterfall has attracted national ridicule. the towerars. it costs $120 an hour to pump water all the way to the top, which has been mocked as a waste of money. rather spoil the view from the windows beneath as well. just a thought. well, if you are constantly hearing, it is only on six times every two years. what do you think? i don't know if you have ever filled up i don't know if you have ever filled upa bath i don't know if you have ever filled up a bath and thought about it, i had a similar thought. it has started to come into the kitchen from the ceiling stock i thought that was a thing of comedy films. not quite as dramatic as that. you think it is silly? dramatic to look at, visually stunning! drama very high today. the next 34 hours will effectively decide the tour de france and if gerard, —— macro ones “— tour de france and if gerard, —— macro ones —— geraint thomas will be neither. geraint thomas has a massive day in the mountains to get through today, but he's effectively just two stages away from fulfilling his dream. if he

it's like a jenga tower and each brick becomes more important and it's going to be the actual event that really sets things off. i don't think we're with that. >> specifically in chinahe s&p 500 and could that in itself be a reason that the u.s. market continues to outperform. >> that's while we're holding up well here. the u.s economy is doing well so we have a little bit of slack so to speak any negative implications from the trade tariffs are offset by stronger growth that we're seeing so i think on that respect the u.s. is holding up better but we haven't been able to make more head way at all this year. we have been stuck at 28 the market pulls back for a president that's so concerned about the stock market it was just ironic that trump came out with his new 200 billion in tariffs yesterday as the market was hopefully going to get above 2,800. >> i had the same thoughts and then boom it all falls apart. what are your expectations because that could be a tail wind and that's what a lot of people are focussing on. earnings are strong. >> it will be good to focus on company fundamentals again forecasts are very high. and we're seeing slightly more negative revisio

tower in the financial district of new york. you can see on friday the s&p 500 was up .9% where technology tensions.de war we have $34 billion triggered against chinathe united states and $16 billion more sometime in the next two weeks possibly. yvonne: potentially things will get ugly from here. let's get to first word news and get you caught up with the investment world. rosalind: asian equity futures are pointing to a generally positive open. they are assessing shock for the u.s.-china trade war. mainland stocks have taken a beating in the lead up. president trump has threatened to extend the tariffs to cover half a trillion dollars of imports. the chinese premier said the trade war benefits nobody. >> we are not complacent on the risks. proof that the trade war would be back for the economy, starting with the u.s. by the way. the first victim would be u.s. jobs, u.s. workers and we hope that doesn't happen. rosalind: one of the two people thought of being poisoned by the russian nerve agent has died. they think they were exposed to the chemical along with a man who remains seriously ill. the couple fell ill miles from where the former russian s

china, germany comes next in terms of needed reform. stuart: okay, that was pretty good i've got to say. >> for an ivory tower guy, yeah.hank you indeed, sir. the supreme court pick tonight at 9:00 p.m. eastern. judge napolitano is here. a couple of hours ago you said that the front runner with judge kethledge and judge hardiman. he said that. what was the reaction? >> i've been lobbied. nevertheless i've been lobbied by advancing the causes that the other two at the forefront. however, my knowledge last night in this theme is troubling me. stuart: you are not going to add to your idea that the two front runners, one of the two will be the pick. >> i am not. if the president wants the more academic intellectual, very much like gorsuch type he'll choose kethledge. if he wants the well-nigh, really like this guy could have a drink with them and go to dinner with him and his wife never want, he'll choose hardy men. stuart: that'll be the pick. >> was the president makes a choice he was seen again until the swearing-in and after that he will never see them again. ask him a times he's seen since he was sworn in. are they all

tower which fuses the japanese words for future and eternity. it is exciting that that's still to come. world cup finish now -- >> now the olympics. >> goes back to china. the winter olympics will be back in beijing in 2022 >> remember when 2008 was the big coming out for china imagine what it will be in 2022. >> tokyo is hosting another tournament before then. >> the rugby world cup. >> i have it on my calendar. we're all going over. >> are you >> when is that? >> it's october next year. >> in the mean time, when we return, the washington week ahead. we'll get you ready for talks on auto tariffs president's taking on iran on twitter. dan lipman will join us from s&p and look at the winners and losers squawk returns in a moment dan leadership man ron! soh really? going on at schwab. thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to

china who engage in notorious trade practices and steal intellectual property. achieving improvement, we need to protect our producers. i have heard concerns from manufacturers back home in michigan who are being hreatened for retall tower tariffs. and they have complex supply chains and imported materials are their only option. my constituents holding unfair trade practices accountable. thank you, mr. speaker. and i yield back. the speaker pro tempore: for what purpose does the gentleman from connecticut seek recognition? >> permission to address the house for one minute. the speaker pro tempore: without objection. >> mr. speaker, i rise today to mourn the passing of one of our nation's air force staff sergeant james grojan who lost his life in united emirates this month. his mission to defeat isis is a reminder of the risk our servicemen and women put themselves in each and every day. the staff sergeant followed his father's footsteps into military service. after graduating from bacon academy, he joined the air force the fourth civil engineer squadron johnson air force base. his father said he was the proudest father on the planet. these are the kind of people who want a blank check for their life to protect their cou

china has slapped import duties on u.s. goods including agricultural products and what it calls the largest trade war and economic history it follows u.s. president donald trump's decision to put tower of some thirty four billion dollars worth of chinese products china says the terrorists have already gone into effect. britain's prime minister to resign maine says her government has agreed a collective position on plans to leave the european union following hours of talks at the prime minister's country residence i have previously divided cabinet agreed to mice plan to seek a free trade area with the e.u. i. five time champions presumably out of the soccer world cup they were beaten by belgium two one in the quarter finals the belgians will now face fronts after they won a convincing two nil victory of the eunuch why to book their place in the last four . the tit for tat game begins tariffs on china. beijing accuses washington of launching what it calls the largest trade war in history. and after a day of talks in the country britain's government agrees to a post brett citrate plan a free trade area between the u.k. and the european union. for business on the w m how you know to get