csis has also looked at this question. earlier this year, there was a report, "meeting the china challenge," put out by a group of us at csis. i was happy to contribute to it. there are fundamental questions that come out when you think about u.s. economic strength as international power, and what that means if it is in competition with the economic strategies of other nations. we are forward to remarks this morning. without further ado, i will ask dr. navarro to come to the stage and give his remarks. [applause] dr. navarro: thank you, mr. hunter. thanks to john, the leader of this great institution, for the invitation. i have a great fondness for csis for kind of an interesting and perhaps peculiar reason. the only time i was ever here, i don't know if you know this, was down there in the lobby where i set my film crew up to interview two of the finest scholars we have in d.c. bobby glaser and michael green. that was for my "crouching tiger" documentary series. i was struck by how profound bonnie and michael were in talk

and thanks to csis for this wonderful event. top of mind. you can't go anywhere without hearing about election coming up and election security. really my role is leading domestic cyber protection. that covers federal, state and local and commercial kmerps for raytheon. so we see a broad spectrum of different challenges that people are facing. whether it is to do election work, most recently in the midwest board of elections. so there is a big broad spectrum of things. and bob and jon and brian kind of touched on where we are what are the threats are and what we're doing and where we spend the money. so i wanted to focus on the three buckets i see the future going into. one is, we need to do, and this is the fundamental bucket, the fundamental things we need to keep doing, and i.ut that in the -- and i put that in the national cyber security line, a great tag line, keep a clean machine, make sure you're not clicking on phishing e-mails. do the basics and the next bucket is the accentuate the positive. so the multi-state information security a

of the groupctor at csis. the origin of this discussion back,iginally a few weeks the industrial base review done by an inter-agency group led in no small part by dr. navarro, but looking at issues in the defense industrial days. i'm confident this discussion will look at those issues and a broader set of issues related to economic strength and security. today's event is not sponsored and is made possible by general support to csis. i want to give you a brief security announcement. we work hard on security at csis, and i'm confident this event will be uneventful. in the unlikely event we were to need to evacuate, i will be her security officer and give you guidance on where to go. orexit the way you came in one of the exits behind us and move to a safe location. as i mentioned, we are pleased to have dr. navarro join us this morning. the director of the white house office of trade and manufacturing policies. he came to this position with a tremendous background in economics, and a tremendous background looking

in fact, at csi chief david kofoed himself.e fbi concluded that kofoed must have planted that swipe of blood himself. phony evidence to nail down a shaky case. it was a bombshell. david kofoed, division commander of the csi unit in douglas county, nebraska, was indicted on four federal charges including falsifying records and violating livers' and sampson's civil rights. kofoed pleaded not guilty to all charges, defiantly told reporters he'd rather go to prison than resign, even passed the polygraph and was cleared in an internal sheriff's department investigation. so you wake up one morning and they say you're a criminal. >> well, it kind of was like that, but it was more of a long process. and i didn't do it. i just didn't. and it doesn't make any sense. >> reporter: kofoed blamed the stain on accidental contamination. somehow, he said, blood from the victim, wayne stock, ended up on that filter paper probably out at the murder scene and somehow the kit containing that same filter paper was what he later used on the car. but

you think about some standard defense may be here is csis. you never think about tax cuts or deregulation and instruments to further our defense corps. economic security and nationalism. >> the things you're talking about some of the materials that we might feel the need to start production in the united states and something we no longer produce here or we want to see produced here in greater abundance and maybe a project would support that. maybe some trade policy to ensure that production wasn't immediately obliterated by normal global competition are less than normal global competition. is there a way in which that transitions at some point that we reach competitiveness and that likes how do you achieve that object? my experience over the years is there some skip the schism by some folks that even if we were to start a nafta truxton production in the united states would still be competitive in 10 years time or would we continually have to support that? >> that is a good question. it really cuts to the heart of the matter and also cuts to t

we work hard on security here at csis. i'm confident this morning's event will be an uneventful one, but in the unlikely event we were to need to evacuate this room for one reason or another, i would give you guidance on where to go, whether to exit the way you come in or to exit one of the other exits behind us and move to a safe location. as i mentioned we are very pleased to have dr. navarro join us this morning. he is director of the white house office of trade and manufacturing policy. and he comes to this position with a tremendous background in economics and at a tremendous background on looking at the fundamentals of the economic strength. he is a ph.d. economist from harvard university. he worked for many years as a professor. i'm not sure if i will pronounce this right, the university of california irvine. published 10 books including death by china and crouching tiger, where he has dealt explicitly with the issue of economic strengths from a perspective of international competition. and how that plays out. and i

chinese stocks outperforming to the upside, csi 300 up .5 -- .5%.a third day, but heading for a sixth weekly loss. the trend is downward, even though we have seen a bounce. 128.e back below a bit of recovery after the three standard deviation drop. resignations, four ministers resigning in the u.k.. how tenable is theresa may's position from here? looking how the european equity market might open, we have seen a mixed session in asia. euro stoxx 50 futures pointing higher. we are seeing futures point higher. yesterday, we saw european stocks close lower but the ftse 100 was flat. 10 year yield down a basis point on a three 10 handle and u.s. futures lower after strong gains yesterday. coming throughn after comments from wilbur ross on trade. let's get the bloomberg business flash with debra mao in hong kong. pg and he 49% in extended trading after the head of the california public utilities commission said he can't imagine allowing it to go into bankruptcy. shares have plummeted 54% in less than 10 days. the catastrophic wildfire has killed more tha

a senior advisor and korea chair at csis. we will all be hearing from them today. to start us off, , matt, please. >> thanks, calling. vice president pence heads off this week into asia for the annual trek of summons, that's the reason the organizing principle of the trip, he's going to the east asia summit, the u.s.-asean summit and the apec, asia pacific coordinators meeting. you will be in the region for about a week. this is something president normally does but president trump opted not to do this trip and ask vice president pence to do the trip. to me the over arching theme here is that the vice president is going to face some skepticism from particularly allies and partners in the region. those of a current sort of three areas of skepticism. one is concerned about some of the statements and actions the top administration has taken, criticism of allies, skepticism about multilateral approaches like the things that are going to be done in these summits, new interest in china policy following vice president pence his spee

csi recovering, h-shares the main driver for the move down for the hang seng. position for the markets. yvonne: time now for our battle of the charts. will pit their best charts against each other. viewers can access the charts on their bloomberg with the function at the bottom of your screen. david: who wants to kick things off? we need a little bit more conviction. chart shows the gap between one-month hong kong hibor and libor has widened to the biggest since 2008. that means it does make sense for traders to do their favorite , by the hong kong dollar and sell it against the greenback. that has pushed the hong kong end ofto the weeak the trading band. end of the trading band. investors should be cautious. hibor can become very volatile at the end of the year because of seasonal factors and banks become wes less willing to win. yvonne: a carry trade. david: don't do it. it is christmas. you might not get to pay it back, right? we will talk more about that. sophie, go. >> i have six circles in my chart. for that reason alone, you should be paying attention. m

the csi 300 and wti in bear markets.00 only just in the red for the year but this would be the first annual drop for the u.s. benchmark since 2015. the stoxx 600 heading for a bigger drop so far this year. cable has come under pressure with all the brexit drama and bitcoin, in freefall. with negative sentiment this year, we are asking the question on and live, what do traders have to be thankful for this thanksgiving? join the debate, reach out to us and the mliv team. let's get the business flash with desley humphrey in dubai. the world's biggest assembler of iphones has become the latest apple supplier to warn of demand. that demand will be cut by half next year, reducing spending almost $3 billion. the contract manufacturer said it is facing a "very difficult and competitive year in 2019." standard chartered shares in hong kong rose the most in three weeks after reports the bank is preparing a share buyback. the plan may be announced with february results in and any fine paid over u.s. sanction violations. -- has mist

csis. maybe you've heard, i was bosh in cuba. i came to the united states fleeing the oppressive communist regime in cuba when i was only 8 and -- but for me, where i was born, it's not just a place on your passport it has really defined me as a person. it's defined how i view the world and it's through the police. -- emocracy, of freedom, of it's through the prism of democracy, of freedom, of -- it's the basis of every strategic decision made in u.s. form policy, those should be the pillars, that should be the guiding light. you all are here because you also believe in those values you also believe in those guiding principles because as the title of this event says, we want to see a hemisphere of freedom. say it with me. hemisphere of freedom. amen. and as you know, unfortunately, there are too many rogue regimes who seek to undermine this goal at every turn. and little by little we have witnessed how other countries throughout our hemisphere, venezuela, bolivia, ecuador, nicaragua, have taken a page out of castro's playbook and

my name is john hamre, i'm the president at csis. my role is largely ornamental to say welcome to all of you. i do have one kind of safety announcement. we always do this when we have groups from the outside. we want to say briefly, if we do hear an announcement, we have never had it happen in the five years we have been here, if we do, andrew will be responsible for you. we're going to exit through that door or this door. they will both take us to the stairs that are right by that door. we will go down to the alley, take two left-hand turns and right hand turn and will go over to national geographic and we will assemble there. they have a great show right now at national geographic. [laughter] it's about the titanic. people don't know that the titanic, discovering the titanic, was actually a cover story for a secret navy mission. the scorpion, a submarine. we wanted to find it, learn more about it so it was a cover story if you can imagine. after the had done all of the finding of the submarine, they spent one week and found the tit

according to csis, the hidden base is only 50 miles north of the dmz and just a little over 80 mileshe areas where american troops are stationed. >> this particular base could hold short-range ballistic missiles that can hit a lot of u.s. bases and south korean bases and seoul and other things. >> a key question tonight, could u.s. forces take out these bases if the north koreans rolled missiles out and were ready to fire them? >> there's no question we can get lots of effect on a particular point, but the challenge is they can roll these trucks out, fire them off and roll them back in before our strike assets could get there. >> president trump is credited with at least temporarily ratcheting down the overall threat from kim, but trump's critics say the young north korean strong man has been playing the president the entire time. >> the north koreans absolutely hoodwinked president trump, it was clear from the beginning that the north koreans were not agreeing to give up their nuclear and missile programs. they were certainly happy to pause those programs, especially because they ha

north korea knows if csis is see that, definitely, u.s. intelligence can see it.age is, we're going to keep working on all of these weapons systems until you give us the concessions we're looking for, which is that they want sanctions lifted. >> yeah. in the midst of this, we know that china has been weakening, and russia too, undermining the international sanctions regime on north korea. if that is happening, and that's been the primary pressure point, leverage from the trump administration during these negotiations, if those sanctions are being weakened, what incentive does north korea have to make concessions to the u.s.? >> well, i think that's true in what you're also seeing is that south korea is adding to the pressure when the north and south korean leaders met, they agreed to increase trade, open up routes between the two countries. things they can't do unless u.n. sanctions are lifted. just by saying it out loud, they together with china signals that north korea's most close neighbors, south korea and china and in a sense its best supporters, are putting

the csi in chinatown down a quarter of 1%. -- in china, down a quarter of 1%.pon high in taipei down for tenths of 1%. the other apple suppliers are higher. we are hearing that a news conference is scheduled where they could announce payment with hong kong's tencent. and then weighing on the malaysian stock market is this casino maker. it is suing disney and fox for a billion dollars in damages. is due to fit -- to the fact that they pulled out of plans for its resort. manus: thank you. let's take you to our question of the day. really ought -- in the eye of the storm. apple's worst drop in a decade? what does it mean for global markets? let's get your first word news. debra: president trump has could the brexit deal jeopardize the uk's ability to strike a trade pact with the united states. trump called prime minister theresa may's agreement a great deal for the european union and urged the u.k. to reopen negotiations with brussels, something both sides have declared they would not do. theresa may embarks on a tour of the u.k.. december 11 has been set as a dec

over to you rick to take us forward. >> i want to especially thank tom carico and csis missile-defenseproject for hosting this event today. they've all been great. we will do our best to live up to that. thank you to the panelists, two of i've known for years and when i just met today. all great leaders and mentors and have turned into great friends over the years. today's topic is the joint staff approach air and missile defense with the obvious sub topic is Ãbone person thinks of imd integrated naturally jiamdo comes to mind as the central single facilitator for all things ai md and that's why the assembled panel is composed of jiamdo leaders past and present. hopefully we will hear personal insight based on the time with it organization. myself i will donna worked out director of engineering at the air force nuclear weapon center and the trenton air force base book enough about nine years i was Ãb there is clearly significant interest in that field as private cover of latest foreign affairs i found in my mailbox yesterday it says do nuclear weapons matter? [laughter] i was hoping i

. >> according to csis one of the bases is less than 100 miles from sol. >> the north koreans have not signed any documentki out, laying out what steps they're going to take to denuclearize in north korea. >> it was clear from the beginning that the north koreans were not agreeing to give up their nuclear and missile programs. >> last week a scheduled meeting was postponed between secretary of state mike pompeo and his north korean counter part and north korea recently threatened the country would restart its nuclear program unless the u.s. lifted sanctions. >> and the cia has declined to comment on these new images. >>> this morning california democrats have claimed a super majority. democrats won two republican held state senate seats in the fresno area. the victory gives democrats a 2/3 advantage in the senate. they also have that in the assembly. democrats can raise taxes to end legtive rules or override vetos. kirsten cinema won the state's open senate seat. here's tom hanson. >> i am so honored that arizonans chose our vision of a better arizona. >> three time arizona congresswom

. >> if you want to read more, how much will the space cost is the csis briefing, at csis.org. todd harrison with that briefing on their website. jay is waiting on the phone, independents, kentucky, on the line for retired military. go ahead. >> caller: hi. i'm a retired united states coast guard. you alluded to the fact that we are under the department of homeland security, but in regards to the spending of money for budgets, we operate similar to d.o.d. i know when i was in -- toward the end of fiscal years, units were pretty good about spending their money and having accountability for, but there was a mentality that you had to spend everything you got or you wouldn't get additional money next year or the same amount of funding next year and we would see what we call fallout and that was money from higher commands dispersed to lower commands that more or less just needed to be spent. they didn't care what it was spent on, it just needed to be spent so they didn't any

get go.e csi is down, all 50 are down. we have 269 stocks heading south.the things which let the fire to send them down is apple. aac technology is down. we heard from an apple supplier in the u.s. cutting their second-quarter outlook after they mention one of their largest customers, not specifically targeting apple, but saying they have asked them to meaningfully reduce shipments. that is catching on. there is an apple flu in asia. let's bring in our next guest who works at bearing. is this all about apple? >> i do not think so. we are also seeing the financial sector slowdown. the news on goldman sachs brought it down and i think investors are concerned about the rate hike. and about europe because of the news on brexit is not positive. rishaad: it never is. it sounds positive and then suddenly it goes negative. >> their hopes something might happen. ithout italy and the u.k., it would be dramatically bad for europe. so i think they will have to try to do something to make sure that the two of them are still entitiesnd ongoing trading with europe. risha

the csi 300 down by 1.4%. yuan holding on to weakness amid this post midterm concern around trade tensions. let's have a look at where we are on the wheel price. unchanged this morning. 6067 is the wti price right now. the u.s. dollar is stronger this morning. in the wake of the fed's meeting and setting a course of city rate hikes ahead, as it suggest a little bit sluggish. nothing huge at the start of the u.s. trading day. let's get a bloomberg business flash from hong kong. board of telecom's directors is set to of approved a nonbinding offer for nextel of brazil. a bit could help shore up the italian companies position in the brazilian market. competition has kept prices low. telecom italia says it has abandoned a debt target. it comes to terms with growing competitive threats. jumped in late trade after fourth-quarter sales and earnings beat analyst projections. fueled by movies and theme parks. business has continued to grow as the ceo tries to steer his largest division towards a new future built around

and to his left is amy seawright, senior advisor and director in the southeast asia program at csis, bill, the senior advisor in international business, rick who is the senior advisor in the u.s. india policy studies and chris johnson, and then on the phone we have victor who is a senior advisor and korea chair at csis. we will all hear from them today. to start us off, matt, please. >> thanks, colin. so vice president pence heads to asia this weekend for the annual >>reporter: of summits, the reason the organizing principle of the trip, he's going to the east asia summit and the aipac event. so, he will be in the region for about one week and this is something a president normally does but trump opted not to do this trip and ask vice president pence to do the trip. i think for me the overarching scene here is that the vice president will face some skepticism from allies and partners in the region these are in three areas of skepticism. one is concerned about some of the statements and actions the trump administration has taken the criticism of allies classic up to schism about multi

i hope that i'll be part of this csis family as all of you are. always promoting. >> that's a given. >> always promoting human rights. that's in our dna. it's in our blood. we have to do it. we have to do it for all of these people who think that they have no voice. we will help them. >> thank you so much. if you were going to give a homework assignment to the trump administration, we have administrator greene here, what homework assignments do they need to be doing for the next couple years? we have this impending legislation on the hill, but what homework assignments do you want give mark over the next couple years on these issues? i know you're never without -- >> she gives me homework anyway. >> mark does not -- [ speaking foreign language ] >> usaid -- [ speaking foreign language ] he's the professor at usaid, that's what usaid stands for and carl stands for, but i would love to give the trump administration books like -- is rosa maria here? >> yes. >> let's hold up that book. oh, my gosh. her dad's book. wow. carlos, where are you? where's y

for: your latest briefing csis is about the cost of the space force. what are the estimates? guest: i looked at a bottom-up estimate of if you create a space force what it will involve. the vast majority of the funding would be transferred out of already existing today in other services' budgets. most will come from the air force because the air force does most of the space activities today. you would move all of that into a new budget. that is neutral. it does not add overall to the budget. but then you have to add a new headquarters with staff on top for a new service and create a new secretariat staff as well. my estimates were, depending on how large you built the space force, the additional force -- cost is going to be anywhere from $330 million to $550 million. interestingly, that is less than the cost of the audit. host: if you want to read more on the cost of the space force, csis.org. froms waiting on the phone kentucky on the line for retired military. caller: i am retired united states coast guard. you alluded to the fact we are under the department of homeland sec

as 60% of the csi 300, not a single sell rating.mpare that the hong , so these brokerages to this research out of hong kong. in the same way, why do we look at the onshore and offshore spots? >> exactly. om, you have lived in china for several years. we can't compare growth rates to back then, double digits, what have you, but since you have moved back to china, does it feel like growth has slowed down? what is the mood on the ground in china? >> when you travel between beijing, shanghai, and shenzhen, there doesn't feel like there is a disaster looming for china's economy. it is a diverse economy. when you talk to small and medium-sized enterprises, they do talk in concerned tones about the lack of credit and the ability to grow their businesses. it's not just small enterprises, you have seen companies like jd suffering with shares down 50% to date because the retail sector is becoming more bearish. or property prices are starting to play a factor. small and medium-sized enterprises are feeling the pain. ae academic off the record

lester holt will join us on the set tonight at 6:00 as we break down the csis and loo ahead to what couldnextat in story. our i-team is taking us behind the scenes in harmer's ferry, west virginia. it is a facility used to treat.g that's comp tonight. that and a whole lot more at 6:00. >>> we'll look forward to it. thank you. >>> there's still time on get in on a cyber monday deal. if you haven't shoppedye you don't want to wait. >> a look at the top things you should not buy outoday. >> yl have a tougher time. >> yl have a tougher time. coming up, giving it hasn't always been easy, has it? ♪ee there have bn days when you doubted yourself. ♪ and days when you were ready to quit. ♪ but you didn't. ♪ because you had the courage to venture into something powerful. education. if i leave you with just three words of advice: never...stop...growing. [cheering] >>> well, today as you know is cyber monday. it looks like consumers got an deal. jump on the onlien according to adobe analytics, we spent an annual 6.22 billion onli f on blackday alone. nearly two-thirds was done on mobile devices. but

the csi team rushed over to todd and rachel's house and assistant d.a., lisette suder, joined them ashey searched and documented the interior of a house that was strangley chaotic. >> reporter: what did it look like? >> the house is well-manicured. minus the fact that there's this children to the neighbor's house. >> i said, "there's been --" i didn't tell them rachel was dead. i said, "we have a very serious situation across the street. can you please watch the kids." >> reporter: murder investigations are of course based on more than just witness statements. the csi team rushed over to todd and rachel's house and assistant d.a., lisette suder, joined them as they searched and documented the interior of a house that was strangley chaotic. >> reporter: what did it look like? >> the house is well-manicured. minus the fact that there's this yellow crime scene tape up. and then you walk through that and you walk into the doors and the house is in complete disarray. kitchen is completely undone. baseboards missing all over the place. the house is not put together at all. >> reporter: such

been ratcheted down, the substance of those programs does not seem to have been slowed, according to csisnational correspondent jennifer griffith has more from the pentagon. >> north korea's ballistics program has spread to 16 new sites according to a report using satellite imagery despite its pledge to scrap a major nuclear test site, north korea continues work elsewhere on its nuclear weapons program five months after the president met kim jong un in singapore. one is several miles north of the dmz, concealing the tunnels that can accommodate a t-mobile missile launchers. in asia to meet with >> president moon, prime minister abe will work in concert to achieve a complete, verifiable, irreversible denuclearization of the korean peninsula. >> north korea have not tested any missiles this year following three intercontinental ballistic lodges in 2016. has not taken any steps to scrap them. last week, a pyongyang official unexpectedly canceled a meeting with mike pompeo to lay down the groundwork for another summit between the president and kim jong un. >> i was really being tough. so was

. >> the president is trying to use the borderri csis to get $5 billion to build a border wall. he threatened a government shutdown if he doesn't get the funding and the border crisis was one of the main themes at a rally in mississippi. he said no president has shownu as strength as the u.s.-mexico border as he has. >> ankly, if we didn't show them strength and a strong border, and nobhoy has a stronger border, if we didn't do that, you would have hundreds of thousands of people pouring iouo country. >> mr. trump was in mississippi campaigning for senator cindy hyde-smith ahead of today's special runoff election. hyde-smith has been in controvey for making a comment about sitting in e front row of a public hanging. her campaign said it was a joke, but many said the comment was inappropriate given the state's history oflynching. her opponent hopes to become the first african american senator from that state in more than a r cent >> president trump did not minutmince words about a major announcement from general motors. the company said it would ax about j5,000s across north amer

the csi closing at the lows of the day. the u.s.ng to convince other countries to avoid using technology from china. ons has specifically weighed tech stocks. market is up by 4/10 of 1%. movementetty flat coming through from a lot of the emerging markets. have a look at some of the currencies you mentioned. treasuries closed in the japan session. anything that people could trade today had a lot of close. we had a little bit of movement coming through on the safe haven buying. a weaker fix coming through from the pboc. we have seen this falling against the dollar. pboculd actually see the get the market toward a dollar level. we were looking at the rope yet a little bit stronger. let's get the first word news kong.ebra mao in hong reiteratedan has support with renault despite the firing of their ceo. they also told press stabilizing the current structure is the best way forward. nissan found a way to dismiss carlos. we had a long exchange with the economy minister about this enterprise. important for both of us is the preservation of

remember, the coroner and the csi officers say the scene screamed suicide.on witness? >> priest is a former homicide detective and forensic consultant who used a miniature model of the bedroom to show her position. >> she has to be here and then bent down to fit into the trajectory. >> he was convinced that if ashley shot herself there would be more blood on the floor. >> we have indications of bleeding, but the type of injury that we are talking about is going to bleed a lot. that's not the kind of stain i would expect to see if that is what was occurring. something is keeping that blood from reaching that area. >> he believed that something was tom. remember, his clothing was drenched with blood so priest concluded tom and ashley must have been in close contact with the gun went off. he suggested there was a struggle when the shot was fired. >> i can keep blood stains from getting on to the wall or the cabinet and i can lower her continuing to bleed on to my shirt to where i get her in this position. >> the prosecution rested its case. what possible defens

is a handicap for you guys, when you've got to tell this story to a jury that really wants to hear csit dna on everything. >> prosecutors started by calling a string of the other women in david's life. women who shared with the jury stories of a lustful, cheating spouse, with little regard for his wife. stories of a three-way kiss at the bar. >> and who did it involve? >> me and katie and dave. >> you were kissing katie. >> uh-huh. >> katie was kissing you. >> yes? >> all three at the same time. >> stories of a one-night stand. >> and what happened at your place? >> we had sex. >> and is that the only time that had happened? >> yes. >> and of a romance that started while david and nici were engaged. >> i asked him why he was getting married, and he said that at that point it was too late to back out of it. >> the romance lasted on and off for two years. >> what did he tell you about how he felt about you? >> he told me he cared about me. >> dave pietz's lifestyle became the trial here. >> it did. because it showed he was dissatisfied with her. >> dissatisfied with nici, and prosecutors

the solution again, this is a humanitarian cries csis and of course an asylum and refugee process that works better. and this is something that we want to do with the international community led by the u.n. and led by the u.s. >> let us move to nafta. where does the mexican government stand on this? we know that the united states is the biggest buyer of mexico's exports. are you satisfied, is mexico satisfied in the renegotiation and the renaming of this nafta? >> yes we are we think it's a very good deal. it might not be perfect. as always when you have a successful negotiation. there's got to be some concessions from the three parties involved this is a win-win-win for mexico, the u.s. and canada. and we're looking forward for it to be signed on november 30th. it's been scheduled and then it will come a congressional approval process in mexico in the u.s. and canada. but we think this is a significant achievement. remember, when president trump was elected, exact two years ago from today. there was a lot of uncertainty in the world. but people were very concerned about mexico and par

. >> the new report from csis, using satellite imagery shows how north korea missile balastic program spread after the president met kim jong-un in singapore. onile base is 50 miles north of the dmz, 80 miles from seoul. conceals seven tunnels that can acomdoitis mobile missile launchers. it still has up to 60 nuclear warheads. shep. >> shepard: gen jennifer griffin reporting. breaking news changes everything on fox news channel. quick look at the dow, final bell will ring in two seconds, one second and ring it does. [applause] down 600 points on the session now, about two and a third percent. neil cavuto will give us context on "your world with neil cavuto" starting now. >> neil: it is called session lows, my friends, stocks diving near low. the president is blaming democrats. welcome, everybody, i'm neil cavuto. this is "your world with neil cavuto." fox on top of stocks down big time for second straight session. this time, though, the dow diving 600 points or 600 or close to it. the president was tweeting harassment by democrats could cause big headaches for the stock market. now s

overall, the csi 300 pretty much flat at the moment. hang seng outperformed the upside, gaining 2%. the euro gained steam. 128, pretty flat on the cable trade. a lot of challenges for theresa may. seven weeks of decline for oil. it was the energy equities that drag down the s&p 500. we're bouncing back on crude, more than 1%. taking a look at futures, we could have a higher open for the european equity market after the stoxx 600 closed higher and today, it looks to be opening up to the upside, judging by the futures, higher .6%. dax and cac 40 futures, ftse 100 getting going. higher up over .25 percentage points. the ibex up strongly, of .8%. will we see a performance on the ftse mid as we've seen that yields move lower with at the bond market an hour ago? still waiting on the dax and cac 40 to get going. the cac 40 open stronger, along with the ibex. look at the ftse 100, out ahead over 1% as we are 40 seconds into cash equities trading. still waiting for the dax to get going. looks like a second day of gains on the stoxx 600. what was

as you said, csi is not really reacting to that because that degree of pessimism is priced in.ng. i've got this chart that shows how market pessimism is being interpreted by one measure of economic policy uncertainty. economicgorical uncertainty as measured by the index and you see it spiking, but maybe we have reached a peak. i wonder if there is another leg to go. if trump has yet really to get consumer products, tech products in the crosshairs, there have been exemptions, and he -- if he is putting tariffs in place and it starts to hit the u.s. consumer a little more. benjamin: and that becomes a more u.s. story that emerging-market story. one of the things we are positive on at the moment is the china domestic story, because that is somewhat insulated from trade but it also has the benefit of the stimulus package is coming through from china over the summer. really starting to ramp up. that is the area that is more attractive but if you do see this focus on consumer areas, particularly the chipmakers, that obviously makes it more of a u.s. story and that is where assets are

thank you for joining us at csis for the discussion on international and economic security.

the csi 300 down 0.1%. australia was hit by weaker commodity prices so it was the underperformer.he reason for the strength behind the nikkei today was of course japanese yen weakness. ofcan have a look at some those currencies. the yen has been falling against the dollar down by 0.2%. it is really to do with equity strength. the care and recover after falling earlier in the session. new zealand retail sales were flat. estimates of a gain of 1%. you are seeing volatility high on the one-month, the rupiah the strongest performer in asia at 0.4%. morgan stanley saying over the weekend the bear market is over for emerging markets fixed income assets. thank you so much. now let's head out to hong kong at the bloomberg first word news. -- and get the bloomberg first word news. warships captured and crew injured. a dramatic renewal of tensions between x soviet neighbors. the peninsula that russia annexed over four years ago. it has cut off access to the strait for security reasons. the un security council will hold an emergency meeting. saudi aramco says it remains committed to an ipo.

the csi 300, stock markets in china showing robust performers. let's have a look at futures. expecting to translate the robust china and mixed picture overall into strength in the european equities. futures in your -- in europe. we are up straight out of the gate, ftse 100 up .3%. pound weakness is a story on a day like today. we've seen it down .8% or .9% and a session. real headwind for theresa may as she tries not to handle -- not to just hammer out a deal, but comes out with of the backers with fish -- sufficient members of parliament. we've got the ibex moving higher, but the ftse 100 is the standout gainer. a lot of that is fx related. we see weakness in the pound. you see the u.k. stock picture is benefiting from the weakness in the pound because of translation fx on foreign earned money. matt, let's see what we see in the sector picture. matt: we do see gains across sectors. none of the sectors really showing any real losses. you can see some red there in consumer staples, something consumer discretionary. but the gainers are energy stocks, as you might expect. anythi

the csi 300 rising the most since november 12.e front foot, set for its biggest weekly gain in a month. we did see pressure on cable. we are steady now, 1.275 as traders assess the latest brexit developments. manus: we have just had the allianz global cio with us. u.k. equities are relatively cheap. ps. ftse is up 30 pi higher risk premium is justified by brexit. bond yields prevaricate. yields, there is very little that is moving from the fed speak we have had overnight. let's get the bloomberg business flash. deutsche bank is said to be considering replacing senior executives. according to our source, a management board member who serves as the banks chief and tomry officer patrick who runs operations in the area -- the americas may leave. continuing to preach free trade, investing more in its massive u.s. plant. the german carmaker shows up to suvs at the los angeles auto show. models will be made in the companies factory in south carolina. >> we are producing the products in the main markets. the main markets across the global

csi 300 in china, up in the session and we have seen optimism coming through in the asian session.it to do with expectations around the g20, or expectation progressivey not as in 2019? the pound fairly flat against the dollar at this stage. stronger atested the start of the trading day in europe based on some of the things pushing the asian equities session higher. some optimism around the g20 where we get some deal between xi at president trump. also, president trump's comments on the fed. influence or not, jay powell and his team? at what is happening right now on the european equity markets as we open up this morning. the ftse 100 is up .4%. ibex is up .4%. we wait for the rest of the markets. the cac up .3%. let's have a sector breakdown. in asian trading, we saw tech stocks leading the way. anne-marie was telling us about effectsible positive for s.a.p. in frankfurt. we are seeing tech stocks lead the way in european trading, as well. we also see utilities up, energy, real estate. all of the 11 or so industry groups -- exactly 11 industry groups on the eurozone 500 are doing b

it is using the csis investigation.he north koreans are still manufacturing new fissile material, nuclear material. they're still manufacturing new nuclear weapons, they're still building new ballistic missiles and the capacity to deliver those weapons potentially to the united states, but for sure to that entire pacific region. so the president is just being taken for a ride by the north korean government. the new normal for north korea is they just continue to build nuclear weapons and missiles, they enhance their trade with china and with russia, which reduces the economic pressure on them, and then they smile as the president of the united states contends we have won a negotiation in that there's no reason to be concerned about the north korean nuclear threat, which is absolutely the opposite of what is happening. >> senator markey, thanks so much for joining us. >> glad to be here. thank you. >>> all right. the breaking news continues. a high-level white house official being forced out in a truly stunning way. the