economy? >> the stock market looks forward. it's a little more nervous. they're in part because china's slowing down. the real reading is in the economy. the economy is not the stock market. and the stock market is not the economy. >> the president didn't get that much political credit for it. if it's forward looking that would suggest it would be good for republicans who want to be a change from the democratic party that the situation was getting worse. on the other hand the market seems divorced from the real economy and the real economy matters from the voters. >> they haven't seen when they talk about the people that have benefited from the overall market trend, that's not your average voter. so there's a bit of a disconnect. >> if you were hillary clinton and you were the democratic nominee would you rather have a down market and a up real economy? or would you have the real economy trending downward but the stock market's booming? >> i think for the people she's trying to reach, you want a real economy that has some tangible feel that it's getting better. >> she's got to make the argument that she's going to be an extension with some modific

shown that this is not building a sustainable and vibrant economy. >> he said that when the usa has returned base land, it has helped local economies by turning the spaces into stores and restaurant. >>> new fall out, the cheating website that now faces a clash action lawsuit upwards of $500 million. >> i lived that character. >> go one on one with america's >> a louisiana state trooper has died when he was shot in the head at a traffic stop. trooper stephen vincent stopped to help a car that was stuck in a ditch. he thought that the driver was under the influence. passersby stopped the driver until police arrived. >>> two canadian law firms have filed a class action suit for millions of users. >> life is short. have an affair. >> two canadian law firms filed the $578 million class action lawsuit against ashley madison for failure to protect user's private information. last month a missouri woman filed a class action suit saying she paid $19 to have her data wiped off the servers only to find out that did not happen. it was full of fake profiles and the company was charge ford erasing data that was never truly deleted. ashley madis

jeremy to you, the economy always often is the issue number one in elections. looks like it this time around as well. economy, economyy and jobs. trump playing up his business expertise. talking about, don't know if i'm a good debater, but i do know how to create jobs. you got to look back at a book trump wrote in 2000. he proposed a one-time 14.25 increase in taxes on the wealthy. he said it is only reasonable to shift the burden to those most able to pay. how does trump deal with that in the debate? >> that's the remark that's drawn him the most heat from a group called club for growth which is a conservative advocacy group. so that's going to be a huge question for him. he said even before that the economy does better under democratic presidents. so these are remarks that he's going to have to come fwas to face with during this debate most likely. it's unclear if that's going to be coming from the moderator alone or if someone the other candidates may try and press him as well on those issues. at the center of all of donald trump's policy proposals is him. he is the deal maker. he is the one who can bring jobs bac

economy too that many say is driving global warming. daniel lak, al jazerra, washington. >>> now to ethiopia which has bun one of the fastest growing economiesnd with it an ex-fansing mining industry. government is trying to clamp down on corruption while encouraging its growing. charles starred ford we want to the northeast of the country where mining opal is a growing trade. >> reporter: the ethiopian highland are offense called the roof of africa. it's a rugged and breathtakingly beautiful landscape. and a discovery in recent years as got precious gem experts around the world very excited. opals. and of an exceptionally high quality. we meet a group of minor as they head back to their village. the work is very, very hard this man tells me. look at the blue in that. he has been mining for two yea years. he and 12 other men work in this 40-meter long tunnel. the group earn up to $2,500 a week. for the stones they find. he has been digging here for about 20 minutes now. and he's just hack ed in to a piece of rock and you can see here this is the opal. and the guys who work this mine say that on a good week, they can pull out around 50-kilos

economy, or the real economy trending downward, but the stock market booming? >> for the people she is trying to reach, you want 18 people feel that the economy -- tangible feel that the economy is doing better. john: she needs to make the argument that she will be an extension in some modification of barack obama's policies, so if gp is growing, that is a better argument for continuity. regardless of the stock market. but you know more. >> i like you deferring to me. john: up next, a republican presidential candidate who says the donald, " trump's brains out." that is lindsey graham and he will be with us when we come back. ♪ ♪ us from new hampshire, the south carolina senator and moonlighting comedian, senator graham. good to have you. >> i will be here all week. john: we have been talking about the situation with the market this week, obviously up and down and people blaming china and other economy. -- and their economy. others, he said we should downgrade this to a working dinner. and trump said that barack obama should have him -- give him a map. would you think about this proposals related to china? lindsey graham: i don't care if we have a state dinner, i t

economy. its economy began to fall and currency has lost 30% of its value. >> i barely fill up a bag. everything is very expensive. i now look for the cheapest products. >> ask anyone here and they'll tell you the same story. >> it's the private sector that's suffering the most from this crisis. here in downtown rio, this is a scene you see more and more often these days. shops that had to close down over the past 12 months and many blame the president for this or in this case, her political allies calling on them to leave the government. 1,200 shops, about 30%, have closed down since the beginning of 2012. -- >>> we as a society have no control over the implications. >>reporter: a recent survey found three in every four american adults said they were not at all confident that website advertisers will keep their blousing activity will keep browsing and you can keep up to date with all the news on our website on your screen. the address, al jazeera.com. that's al jazeera.com. >> this week on "talk to al jazeera" - john lydon, lead singer of "the sex pistols" - the band that ignited a p

like today they are nostalgic for when the stock market tells you about the economy rather than being the economy. did your economy making is and sell it to us. if it did, it was likely that it was worth more year after year, and paid a steady dividend. many would be playing the stock market. and looking on with worry. they send their own south. the end of the defined benefit for millions of mernts made the stack market a big factor. some of us thrive, some of us dive more than a decade of interest rates, easy home equity, and too maybe people reaching 60 with too little money meant too paradoxical things. at one point the largest generation of wealthy, healthy senior in the history of the planet. and at the same time untold millions wandering and with good reason, going to outlive their money, i'm ray suarez, that's "inside story". >> the colorado river. the lifeblood of the american west. from the rockies down to mexico, nearly 40 million people rely on it for water. and for some, it means a lot more than that. >> the river, to me, means homeland and our natural boundary for our people. we use it for life. we us

it gave a boost to their economy -- our economy and of course, a boost to the seminole economy because that is where it all began. in 1979, when james billy was chairman, he was handed a contract that said "bing and he ran with it. o" he had to grapple with bob butterworth, who is our sheriff at the time and he later came up into politics in tallahassee. it was a leadership issue at the point. the seminole sovereignty had not been tested or tried at that point. james had been in vietnam and was now chairman. he wanted to see how far he could go with this. basically, that is how gaming came to the seminole, with a contract, trying to see what they could do with the sovereignty given to them by the british. and on sovereign reservation land given to them by the americans. they were just trying to see how far they could go. they did not want to be the wards of the government. they were very poor. they didn't want welfare. they would get welfare from the ladies organizations that would close them and feed them and send them to school. they wanted to be independent. james pushed it to see h

economy, yes. global economy is slowing down. especially economies that export commodities to china for production. that's a yes. but once again, take a look at percent of companies in the s&p 500 with revenue that is generated in china. it is 3% of the revenue. it is not a huge amount. our economy is -- trish: is this, is this market really that reliant on china? >>hat is where i think he is wrong. trish: worry not that reliant on china. >> are they a big trading partner? yes. do they matter? yes. do they matter for the global economy? yes. is that be all, end all as donald is trying to make it? no. there is a way, just so you know, liz ann can speak to this, there is a way, contagion, chinese economies affect other economies that affect us. trish: in other words when commodity prices get as weak as they have been getting, they affect commodity companies, many of which are located globally, a lot in latin america, concern about companies paying back sovereign debt. could trigger a worldwide crisis. that is what people fear. liz ann, people fearing w

economy and deposit. first it was -- reagan understood you target that economy. that economy contracted in the 30 years of the soviet union. reagan once said to my boss wine berger, can you believe a super power that can't feed its own people? that's where the soviet union was by 1980. they were having crop shortages, an economy that didn't work and devoting more and more of a percentage to their military building. at the same time he was giving this speech are the things he talked about in his speech. reagan in the westminster speech, which we will show here in a few minutes. he talked about polling. he talked about the right of workers to organize. he talked about the right of people to be free. he talked about the united states military buildup. it was important for the united states to have a stronger military, unilateral military. he talked about nuclear weapons, the great threat that hung over the heads of everyone in the world. he talked about the need to reduce that. but most of all he talked about the soviet economy. he talked about the fact in the 30 years they had

economy -- this economy so that it does not reach only some. that is why we need to do everything we can in government to make sure our economy keeps growing. at requires congress to protect our momentum, not kill it. congress is about to come back on a six-week recess. the deadline to fund the government is, as always, the end of september. understandybody to that congress has about a month to pass a budget that helps our economy grow. otherwise we risk shutting down the government and services we all caps on for the second time in two years. that would not be responsible. it does not have to happen. congress needs to fund america in a way that is best for growth insecurity, and not cut us off at the knees by locking in mindless austerity or shortsighted sequester cuts to our economy were military. i will veto a budget like that, and most americans will agree. we have to invest in, rather than cut military readiness, infrastructure, schools, public health, research and develop it that keeps our companies on the cutting edge. that is what great nations do. that is what great nations do. [applause] and even julie we are going to do it anyway,

economy economy, agriculture and education. one of the things i talk about is a career track that 70 percent of americans don't have college degrees so water be doing to provide those necessary skills in high school as well as after to provide the skills necessary for people to work with their hands? >> host: how did this happen? what happened to working-class or ruler a cut? something has changed. what is it? >> obviously the economy has changed with globalization and open markets with competition neck comes from overseas. in there is a legitimate argument when they have that competition in june drive their own prices it is a good thing so globalization is a positive but also it could be a negative if you're losing your job as a result of the competition. i make the argument i am not against globalization i and a standard global economy but we have to be understanding of the impact case by case of a free trade agreements to the american worker. i've felt for free trade but i don't vote for nafta a because of that that would be devastating more than helpful bin did my opinion that has been borne out in research and they have been to improve the situation for america. but we need to look every trade and the fact that america hasn't been competitive because have a very high style regulatory environment under this administration and the litigation environment common educational gaps that we have proposed so the role t

economy is slow. their economy represents about 15% of the world's economy. s economy is slow, it scares the rest of the market. that's really what this s. it is a fear-based selling. >> all right. we are getting ahead of ourselves. i want to talk more about market. let's talk about what donald trump tweeted. markets crashing are all caused by poor planning and allowing china and asia to dictate the agenda. this could get very messy. vote trump. he is always warning us about china. does he have a point, dave? >> well, i don't know about that. the only way to handle china, and them not to have an impact on the economy would be for them to be a smaller portion of the world economy. again, they are 15% of the world's economy. they are the second largest economy in gross domestic product in the recalled would. we are the first. and so any time one of the major players has an illness, it affects the relevant of us. >> okay. so here's a tweet from miller lite ninja, a viewer, the you videoer, who seems to agree with donald trump, says why does the government think i

economy? lizzie: the gdp looks backward. the stock market looks forward and that's on companies. -- and bets on companies. the reading is somewhere in the middle. the economy is not the stock market. the stock market is not the economyjohn: it is interesting because your analysis suggests that it is forward-looking, that would suggest it would be good for republicans who want to change the democratic party. on the other hand, the markets seem divorced from the real economy, and the real economy matters more to voters. lizzie: any certainly haven't seen, when you talk about the people who of benefited from the overall market trends, that is not your average voter. there is still a bit of a disconnect. john: if you were hillary clinton with the democratic nominee, next fall would you , rather have a down market and up real economy or the real , economy trending downward, but the stock market booming? lizzie: for the people she is trying to reach, you want a real economy that has a tangible feel. anxiety is what motivates them to vote. john: she has to make the argument in the entity that she was the an extension in some modification of barack obama's policies, so if gdp is growing, if the on implement rate is going do

economy they won the cold war and open up the trading system. in between was the difficult era of the 1970s marked by unemployment and inflation and political scandals in the economy economies. now, bernie sanders, hillary clinton, paul krugman, mayor of applause co and many others now claim that the first phase of the era was a golden age of a quality band shared benefits to the groups of capitalists while the current era as a golden age - gilded age of the lavish expense of everyone also. as with the gilded age of the 19th century it is the illusion of progress and prosperity that conceals growing hardships and economic difficulties endured by the rest of the population. much of the pieces in the worldview in general rest upon this proposition our era is one of tony prosperity. he divides a defied the history of modern capitalism in the three phases. first of the original gilded age in europe from the 1870 to the outbreak of world war i. and 1914. and in the united states and in the end of the civil war to the stock market crash in 1929. that is phase number one. second, the golden age of the social democracy from 1930 to 32 to 1980. the welfare programs were installed in

economy economy ven tripling -- even tripling sales that regal is hoping theaters right here in manhattan, with rain, snow, and wind, and moving seats are, coordinated with the screen like assimilate or ride you might have been on, it going to be out of this world. so emersive, you may wonder where can i experience this in network how much it will cost -- new york, how much? >> ticket about $10 more than a regular ticket price that could put you over $30 a screening, and 4 d coming to regal union square, and ewok in times square they hope to have them december, i don't mind paying for that. allison: i would like to try it out. >> reporter: i am already paying $30 for my irk max ticket. antwan: i saw rogue nation over week that would have been cool to see in 4 d, that was fond fundamental. >> right,. antwan: i was impressed. >> i would love to see "avatar" in 4 d . >> i would be out of control. >> feel all of the movements it would be incredible. antwan: 4 d thank you. >> thank you. >> judging a magazine by horizon cover. >> you may be surprised too have cosmoto be covered up to protect the kids, introducing dunkin's new fruit smoothies. perfectly blended with real fruit and low-fat yogurt. it's a delicious choice you can feel good sipping. discover the goodness of dunkin's new smoothies today. america runs on dunkin'. my theory is pretty simple. happiness, before cleanliness. gooey. flaky. happy. toaster strudel. now with more icing. i would kill for something sweet. wanna split that? no...soooo much fat... don't fight your instincts. with 150 calories each, try our new rich & creamy cheesecakes. fiber one. thirst for the extraordinary. ahhh perrier! allison: is kose mo poll tin mag -- cosmopolitan magazine too sexy, some stores think so. >> granddaughter of hearst family is calling the magazine porn, linda schmidt with details. >> reporter: her name is victoria hearst, the hearst empire owns the magazine she has partnered with a national group on a campaign to cover-up cosmomagazine on news stands and also in stores. you have seen cosmopolitan magazine covers with sex tips, it is headlines like these they want covered up, they are in midst of a campaign claiming that cosmo, harms minors, some parents agree it should be covered up. >> it should be. >> i am happy if people want to buy it, but i don't need my kids to subjective to things at this age. >> reporter: walmart and rite aid will put magazine behind blinders. cosmo's editor in chief calls this sensorship, saying we're not just about sex, we're about empowering women in all aspects of their lives,d jeff said that calling cosmo, pornography is overboard, however he said that magazine should to the be front and center at the store. >> i think that when a child absolutely, reading those beileens more they go into magazine it may skew their thoughts or perceptions about sex, that is why it is important for parents to explain to children when the articles are about. >> reporter: parents should use it as a teachable moment. >> this magazine is not for you, this is maybe for mommy and daddy or older individuals, i think important to not make a big deal about it as a parent. perhaps, scolding them, or being too demon -- about it that peaks their curiousty, hand them another magazine that is age appropriate. >> reporter: the doctor said if the kids continue to ask you while you in the store these questions, that parents should talk to them about the topic of sequelty when they -- sexuality when hey get home not in the store it makes everyone uncomfortable, allison, and antwan back to you. antwan: thank you. allison: english actor, idris elba is first man it grace cover of mix um im -- maxim magazine solo. there are rumors he could be next james bond, there are still women inside of the magazine but he is cool. antwan: grateful dead are not dead, three of 4 surviving members, will form a new group with singer john mayer, call themselves dead and company, making debut halloween night here in the garden. allison: tiressed of getting your bike steel stolen, they claim you can't stealing a ride because you can dismantle the frame and reconnect it to make a lock in 10 seconds only way to steal bike too saw through the frame, they sold 2200 so far about half of them to customer in u.s., it costs about 500. antwan: a new study suggestions if you ethiering heavier utense ills -- utensils you may enjoy your meal mere, the diners with heavier cut law -- said they liked their meal more. allison: a sighting in new jersey, a bottle nose dolphin swimming in south river, it was frolics near yield bridge this afternoon, it has been in area for days now, no word how it ended up in river. but officials say it does appear to be in good health. antwan: it makes a statement about candidate as well as bringing in money. >> what president's hopeful may be after when you buy swag from on-line campaign stores -- and this. >> when more than 300 bucks a night for a hotel room is a bargain? your world business report coming up. >> here is tonight's new york minute. >> new yorkers cooled off in flat irene district, thanks to a wall of fans made by legos, it features motion senator fans, it was -- sensors fans, to find unique ways to use legos. >> a lot of people have been interacting with it, and lifting their dogs to cool them down, people are asking us questions. >> reporter: kids on long island sharpening their government skills, the hey host week-long clinics for kids 4 to 16 years old all summer long, learning the basics of golf, they learn lessoning that will serve them well for life about we do individual competition but we put them in teams they understand what it like too rely on each other. >> reporter: that is your new york minute. introducing dunkin's new fruit smoothies. with real fruit and low-fat yogurt. it's a delicious choice you can feel good sipping. discover the goodness of dunkin's new smoothies today. america runs on dunkin'. antwan: it looks like facebook is justing to live streaming craze, with live video to your news feed. similar to parascope, and meerkat. famous faces like luke bryan, and serene williams, only celebrity with a verified facebook page can broadcast live to their fans. allison: in business news, it may cost more to stay in montauk than manhattan. antwan: student loan debt putting pinch on millennials, here is neil cavuto. >> putting off major decisions because of debt more than half milwaukees mill millennials say they delay things like getting married, because they have a lot of student loan debt, millennials may not buy home other people are. mortgage application rose last week by 5% with a surge in new purchases and refinishing. >> it may be a summer bummer for jobs. fewer than expected jobs were created last month. >> and you feel like splurging on august vacation in head to montauk, new york it was just ranked most expensive summer definition in country, 316 a night for the least, least epens of economies pence every room -- expensive room, the least, that is business i am neil cavuto. antwan: okay. not just enough to wear a button with your favorite candidate on it any more. allison: the swag is out, everything from beer "kooz"yes,. antwan: and being a former president does not get you out of jury duty. look at that. prep trauma unit 5. what've we got? 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economy, the u.s. economy grew at a 3.7% rate in the second quarter. higher than expected. that is a healthy sign that the american economyt been hurt too much by chinese slowdown. shanghai's benchmark rising almost 5%. the index is still down almost 8% for the week because of the frantic selling monday and tuesday. let's get more on this by bringing in andrew stevens live from hong kong. it has been one tough week. one thing that hasn't changed is the situation in china. why this comeback? >> reporter: good morning, alison. it does appear this comeback is related heavily to buying of government into the stock market. we can't say for sure because it is difficult to prove. we know the government has given instructions, alison, for insurance companies and pension funds to actually buy the local market to prop it up. we saw a 5% pop in shanghai. most of that coming at the end of the day's trade. we saw the same thing happen today. 5% gain toward the end of the day. big buying coming into the market making sure things finish on a positive note. you say shanghai is down 5% for the week. it could have been worse. two days, dow

economy. jeb bush last night talking about a 2% economy. is this a 3% economy right now? isry: for the time being it because we have a boom in autos and a booming housing. i do not know if it will stay at a 3% economy. then candidate bush is talking about a 4% economy. tom: bring that chart up again. critical in the nairu debate. he seems to sort of play down the wages part of it for this month and play up the unemployment rate. when you agree that perhaps this month's wages may not be the most important thing, but that chart is the most important thing this month? maury: unemployment is very important. again, wages are not as important as unemployment because wages are one of the turn determinants -- one of the determinants of core inflation. they want to see this unemployment rate stayed down or go lower. brendan: a lot of different moves this week that seem to be tied back to dennis lockhart's statement that he did not see any reason to move in september. is that what we're watching this week? i think so. that will continue to be priced in. left,e the payrolls unemploym

the stock market fell because of concern about the chain's economy -- chain's economy. >> during yesterday's sell off some of the hardest hit stocks was disney, netflix and facebook. >>> martin o'malley made a stop in the area. he's here to get support from the tech industry. one topic he discussed was immigration reform. >> our best start of getting the visa is through immigration reform. i don't think a piecemeal approach will force a consensus. >> he's interested in learning more about how technology can solve the toughest problems facing our country today. >>> checking in with sal and the early look with traffic, i hit a bunch of construction. >> there is, sometimes you're driving to work at three in the morning and think it's going to be a breeze, you're down to 1 lane on a major interstate. this morning we have that going on and some has picked up by 4:00, 4:30. let's look at what. traffic on highway 4 is moderate, traffic is moving along okay, there's crowding in antioch, it's not a huge deal, on 680 it's not too bad. on highway 24, from walnut creek to oakland it's been a nice drive,

made to the chinese government is that a more transparent economy is one that will benefit not just the chinese economy but the global economy and we certainly hear from business leaders in the united states that are interested in doing business in china that a more transparent business environment would make them more likely to do business there. we welcome and want to advocate for u.s. businesses looking to grow overseas because ultimately that creates a good economic opportunity here in the united states but ultimately these are the kinds of decisions that chinese officials have to make and the message they hear consistently from the obama administration is one that is focused -- a lot of which is focused on the need for china to continue to pursue financial reform and to move rapidly to a more market-determined exchange rate system. but certainly improvining transparency into their economy is something we believe would be good for the global economy and good for the economy in china as well. >> there's a quick report that china internally, talking about transparency, they have an internal force, army, whatever you want t

what i hear from him, public safety and economy kind of argument which i don't hear from other people. the only guy if you think about in this field, economy, economy will not be there tonight on main stage. neil: he hassenter stage in the first debate. >> he was sounding more progressive, rick perry in his speech. neil: good point. we come out of the debates, someone remember as line or zinger. so relegates them to almost shallow vapid exercises. but someone gains from these things and who do you think it will be? >> those that get their message across clearly, shortest amount of time possible. to your point they will not get really long to talk about their policies. those who are clear and make a good point. doesn't want to be involved in a zinger attack with each other and certainly not donald trump. neil: one thing we know about donald trump, that if you zinc him, he will come back with 10 sledge hammers. >> right. but somebody could have to your point, neat line ready to come back at him tonight. then that becomes the story. everybody is speculating, articles all over the place about it today, eventual, downfall of donald trump and what leads

economy is doing well. employment -- and implement is down and the u.s. economy is creating 225,000 jobs. don't forget oil and commodities are at a low level. the u.s. economyspecially in certain sectors like small caps are doing very well. angie: you like small caps? kirk: i do. they're not infected by the strong dollar -- impacted by the strong dollar. there are a lot of small caps that are doing very well and notwithstanding this volatility, year to date, a lot of the small caps are up something like 5%. there are great companies, small caps that are doing very well. angie: how about your appetite for chinese stocks, what do you think about that, are you still willing to get in? kirk: i would be careful about any emerging-market stocks for market msciging index is down 20% from last september's high which is in bear market volatility -- territory. i would not be surprised to see slightly more did valuation and the yuan and i would be wary right now. i would say -- stay a bit away from the market area don't forget, china, given though we have had the volatility of 2%, granted, it was up 20% or 30%, but we are positive. you have to be prepared for more vol

this all comes down in an election cycle to the economy, the economy, the economy. hn mccain said about the economy in 2008 that hurt him so much. >> you know that there's been tremendous turmoil in our financial markets and wall street, and it is, people are frightened by these events. our economy still, the fundam t fundamentals of our economy are strong, but these are very very difficult times. i promise you, we will never put america in this position again. >> the fundamentals of our economy are strong. that was such a different time than it is right now. you heard donald trump bring up the market selloff last night in that stadium in alabama. what is the right political move when you do see shakiness in some uncertainty about the economy and frankly chime in our ties to products and trade. >> don't overreact and don't oversell something. remember, for the last eight months, we've been hitting record high after record high after record high, to the point where it almost felt like it was just normal. 100 point gains was not a big shock. so we've had a correction h

economy that you are concerned about? >> you can never say never. there are always unintended consequences. the way i think about it is we are calibrating the industry level to where the economy is and what the outlook for the economy is. and if we make that calculation pretty close to correct, we should not see unintended consequences. 25what would it the, with basis points be appropriate for an economy like this or should you be higher but you are constrained by what you can do? >> we start with 25 basis points. i think that is pretty obvious. the committee has communicated several times that the expectation is the path of interest rate rises going forward would be very gradual. >> the markets seem to have a different view. why have they come together? >> there are some technical factors at work. we can indicate our sense of [indiscernible] and the question we are answering is assuming appropriate monetary policy, which should be the path, that is a circulation -- a circular assumption. the markets are weighing the probabilities and interest rate rise at one time or another. and placing their bets on the probabilities. it is not surprising those are different. the most recent data i saw is a 50% probability. be a

economy. mohamed: i think the chinese economy is slowing and it is slowing in the context of what developing economiesled a middle income transition. think of going from a teenager to an adult. it is a bumpy transition. that is what we see in china on the economic side. they will be able to soft land. finesse is very different. like we did with housing 10 years ago, they created a bubble in the stock market. they believe that greater ownership of shares is a good thing in terms of that transition and it went too far. on the finance side, they have bubbles in various places that they will have to find a way to deal with. they are trying to do so. on the economic side, i'm a lot more positive who say this is the hard landing of china. olivia: i'm glad you mentioned the fed blowing bubbles in the market. we were just having a conversation on that with jim grant. it picks up on something in the "wall street journal" this week. they say the fed is to blame for the big swoon we have seen in global markets because they have been fueling and mispricing in high-yield markets. do you think the fed is partially

economy that will be able to withstand the turmoil that the world economy is going through at the moment. >> reporter: he said japan can become a more important trading partner to help south africa's economy. >> we are diversifying our economy. we want to rely on our friends, and japan stands out as one of our friends. we want to focus on industrializing our economy more so japan can help us because they've got skills, they've go , experience, they've got knowhoe. >> reporter: south africa is the country's most industrialized economy. it needs more foreign investment, and japanese companies are looking for new opportunities. a stronger economic relationship could bring important benefits for both sides. mitsuko nishikawa, nhk world. >> thanks, mitsuko, for that report. >>> you're watching "newsline" coming to you from our studios here in tokyo. let's now turn our attention to weather with sayaka mori, who joins us with an update on how parts of japan are reeling from the aftereffects of a powerful storm. >> yes, typhoon koni is now affecting northeastern china as well as southeastern russia. the typhoon has become a low-pressure system. it's not a typhoon anymore, but that doesn't mean it

economy. always stay focused on the broad, general economy, not the financial economy per se, but the overall , and i have to look at that. my staff and i are just now beginning to process of evaluating whether there's likely to be a material effect on our outlook, based upon the chinese devaluation, the weakness in the chinese economy. the sell-off in u.s. equity markets. the drop the oil prices. the appreciation of the dollar, these are all factors to re-evaluate because we've been through a very tumultuous period for the last two weeks. >> reporter: but you have a meeting in 2 1/2 weeks and you thought it would be appropriate to move in september, but told our friends at market news because of all of the turmoil that you're now less resolute about moving in september, may want to wait. >> i have 2 1/2 weeks before i have to raise my hand or not, and so in that period, i plan to take a look at all these questions and come up with a fresh point of view. >> and we have key data points, the jobs report next week and some other things. all right, so you will look at that. let's step back for a m

, was that the economy seemed to be genuinely under stress and since then the government has gone to some lengths to say it is managing the economy, there are telltale signs of the economy that says the economy could not recover the way it could. initially the tourist economy which is so important to the country, and they have knock-on effect as far as investor confidence really can't be discounted. we're watching that with some concern. >> kim , thank you for your concern. kim mcquay from the asia foundation. >>> greece is planning to use a ferry to carry migrants to the northern shore of thessaloniki. a record 107,500 migrants crossed the european borders last month and the u.n. says all of europe must do its share to shelter them. germany takes the most asylum seekers and there are about 700,000 asylum applications expected this year. the u.n. says 21,000 arrived in greece this week alone and the island of place he like kos is struggling. jonah hull reports. >> every day they come, sometimes in their hundreds, refugees and those seeking work crossing the placid waters of the aegean. the turkish town of badram in the distance. they wait for paperwork in order for them

economy now is growing at a rate around 3%. we have created 200,000 jobs a month over the last 12 years. so you have seen the u.s. economy -- the u.s. economy is always written off. written off in '81, '82:19:90s, the jobless recovery, and it's -- it's resuscitated once again. the fundamentals are pretty strong. asian corporates were lauding up the past years. u.s. corporate balance sheets are in cringes condition, low debt and capability to spend money on hiring over the next two or three years. the question is in taiwan -- i was in taiwan nine months ago. we are concerned. we used to be by far the largest trading partner for tie one. during most of -- taiwan, during most of the postwar period, and this his completely reversed, a lot of it because of the proximity. china is so big now, and 40% is tie one's experts -- taiwan reside experts go to china, many cases they're assembled and exported again. so have to be careful with the figures and the value added, but you have the case where 70% of taiwan's outward-begunked foreign direct investment goes to china, and then if they end up approving the cross-straits service agreement, that could

economy for the associated press since 2006. we appreciate your time. pointed viewers to "ap survey: dimmer outlook for u.s. economy, which is and hiring."

economy, but taking a look at the long-term u.s. economy are an indication of the strength of the u.s. economy right now. just on economic growth, people can feel confident. at the same time, there's more that congress can and should do, but to build on some of this momentum that the u.s. economy has built up and that the resiliency that it's demonstrated and we're hopeful when congress returns from their recess they'll focus on passing it on time, that they'll reassess it. it's already a couple months overdue and we can hopefully get congress to actually finally take anxious on an increasing long term investment in infrastructure. okay? john. >> josh, would you say the fundamentals of the economy are strong? >> that certainly is a phrase that's been used by others in different settings. i think that there is no doubt that the u.s. economy is far stronger now than it was in 2008. and there are a variety of ways to measure that. one way that i would measure that is to take look at the impact of wall street reform legislation, that now we know that u.s. banks have reduced their leverage and have added more

economy and deposit. first it was -- reagan understood you target that economy. that economy contracted in the 30 years of the soviet union. reagan once said to my boss wine berger, can you believe a super power that can't feed its own people? that's where the soviet union was by 1980. they were having crop shortages, an economy that didn't work and devoting more and more of a percentage to their military building. at the same time he was giving this speech are the things he talked about in his speech. reagan in the westminster speech, which we will show here in a few minutes. he talked about polling. he talked about the right of workers to organize. he talked about the right of people to be free. he talked about the united states military buildup. it was important for the united states to have a stronger military, unilateral military. he talked about nuclear weapons, the great threat that hung over the heads of everyone in the world. he talked about the need to reduce that. but most of all he talked about the soviet economy. he talked about the fact in the 30 years they had

economy chinese economy is stabilizing. it set the yuan slightly higher. the shanghai composite closed 0. % higher. investors in hong kong were cautious the hang seng index stretched its losses ending the day down 0.7%. malaysian shares continue to fall. time for a quick look at our global economicalen dar for this week. -- economic calendar for this week. official at china's national bureau of statistics will release few home prices. on wednesday, japan's finance ministry will release trade data for july. we will also have july u.s. consumer price index and we'll have the minutes of the u.s. federal reserve policy meeting held last month. market players are focused on when to expect a hike in the fed key interest rate. now, every monday, we invite specialists to discuss events of the week. in this edition of expert view, we speak with a senior market economist at the bank of toke you sj. he is focusing on the fed minutes. >> the fed minutes denote how many members want to increase rates as high as possible. on the other hand, how many people -- now, the pebs are deeply divided. so we are much invested in how divided it is fitting in that group. however, important issues of the normal environment, we had to see the increase of the dollar, so a firm dollar will jeopardize the u.s. economy. we want to know how members assist those increments of the stronger dollar. >> he says the fed is also keeping a close eye on inflation. he says board members may be getting recalled to raise the interest rates. >> if we're going to see two conditions to move the rate hike. one is that the rate on markets improving and secondly that inflation rate. regarding the labor market environment, it is possible for us to say that the conditions almost achieved. the second condition inflation rate, in condition is very difficult to be judged because our latest inflation rate is only 0.3 rate. very low inflation is mainly coming from oil prices. if oil prices start rising, we have the implement rates so that we will be able to move to a rate hike. it is very difficult to rule out the possibility of the rate hike. because many participating members think that two rate hikes by the end of the year is needed. however, i think that october will be a likely to move the possible rate hikes. president

economy. economies are going to prosper when you have a tolerant society. just look at all the thriving economies around the united states. whether it is in cambridge, boston, austin, palo alto. they welcome everybody. the economy is going to do well. i also passed the immigration dream act in-state tuition for youngsters that are undocumented that want to go to our state colleges. they don't have to pay out-of-state tuition's. big, big difference. we got that passed. also was governor romney had the obamacare, affordable care act rollout, rhode island was one of the national leaders in the number of people to sign up for obamacare. it did not just we knewwe work hard. this was good to be a difficult process of getting people to sign up for exchange and we made it happen. one of the best rollouts in the country. not only as governor getting people back to work, but doing good things for the future of our state. passing marriage equality. the dream act for citizens. the affordable care act, one of the best in the country. we also raised the minimum wage three out of my four years as governor. very

economy. >> china's economy slows down they will demand less and less of the products we make here and that is bad for u.s. jobs but the feds in japan lowered interest rates but it sent stocks soaring around the globe. >> reporter: an expert says this will not just effect those in the stock market but whether or not to raise interest rates. rick back to you. >> thank you. >>> back here philadelphia work crews are on the scene of a sinkhole, nearby 24 hours after it opened in the city's kensington section, the sinkhole opened 3:00 yesterday afternoon at the corner of tulip and huntington streets, this morning it's fenced off with no sign of a fix in sight. katherine scott is live on the scene with more on the story. >> rick, the good news is, nobody was hurt and nobody lost water, and they are making progress, and there is still a lot of work to do at this interests section of huntington and tulip, hunting did open up for a couple of hours but is closed for these repairs. >> before this huge hole opened up a 12 inch water main break at 3:30 yesterday afternoon, the water was gushing up, gush

economy. the economy is going right down the middle of the path. it's growing nicely. we'll get gdp tomorrow for the second quarter. probably revised to 3% this quarter is looking like 2.5%. the economye person walking down the path is marching right down the middle of the path. the dog, the little dog which is the stock market? is going from one side to the other and he's yiping and barking and doing this and that. don't worry about that. follow the direction of the economy. the u.s. economy is very strong. and will survive what's going on in china. >> that's, i love good metaphors. it might be a simly, but regardless. >>> dr. j, correction or end of the bull market. >> i believe what we're seeing, whether you want to view a panic as healthy or unhealthy, is ultimately what happens in markets when they clear. and that's something that we should expect. and something that will continue. i agree with both. you had who was it dudley today talking about interest rates and how likely we are to move in september. which i've said forever, i don't believe september is on the table. other people have basically been ratcheting their expectations out further. some in barclays case all the way

economy. the economy grew at a 3.7 percent annual rate way up from the prior estimate of 2.3%. the number of people filing for jobless benefits falling 6,000 to 271,000, the 1st drop after four straight weekly gains. so is the economy really better? >> smith & wesson all reported strong earnings on the top side. the consumer is out there and spending money. >> one of the biggest decisions of the obama presidency just came in. the national labor relations board effectively said that the labor union can step in and try to unionize temporary workforces and contractors bidding companies like mcdonald's, yum brands, and fedex, those type of companies pretty hard in trading tomorrow. >> i don't really see that having a huge effect. there are much larger forces at play. the bigger picture is people are looking at the gdp number, the unemployment rate.rate. this economy is coming along internally in the us. china is aa small trading partner. we don't derive a huge percent of our gdp from them the fed will remain dovish. i disagree with anyone who says the fed will raise rates this year. they will raise rates but over the next two meetings they will support the market >> not a matter of fed credibility. really what it is ab

economy. -- soft landing the economy. they have many more tools than what people give them credit for. will they stabilize around 6%? yes. will they continue with the hesitant move towards a market-based economyyes. we are to observe the financial instability. on that we get almost not just daily numbers, hourly numbers. that is what we are going to be obsessed with. but on the economic side, they have a lot more tools than what people give them credit for. alix: you listed a of things that worry you. what else keeps you up at night? what is the thing no one is talking about? guest: i had a attention to the currency markets. that is the most difficult market to control in terms of central bank policies. it is the one that started flashing red early on and not many people paid attention. the result of that is it started contaminating other markets. the bet the market had is that central bank's would be able to repress volatility and central banks had been able to repress volatility. now, central banks are having tremendous difficulty. why? because the currency markets have become unhooked. i pay a lot of attention to the currency markets every day, and see whether stability is returning to tha

economy. >> what we've seen in the broader global economy that the world is more interconnect than there is no doubt that economies around the world have a greater ability to influence other economies. nicole: aides say the president has not made any call to leaders in china. he is slated to meet with the chinese president in washington next month. so that will be key. lauren: republican presidential presidential candidates weighing in on future market selloff we saw the past couple days. front runner donald trump strongly bringing china. >> we are tying ourselves so closely to beijing and in particular to china that this is trouble for our country and model may now have they taken our jobs had taken her case and manufacturing, but now they are pulling us down with them. i said we can't allow this to have mainly have to do a big uncut and pretty soon before it's too late. lauren: former hewlett-packard ceo carly fiorina criticized the federal reserve. >> i've been expecting a correction because the underlying fundamentals are not that strong. the fed reserve backing off in zero interest rates. china's economy is s

depression setting in and the western countries launching economic blocs by involving colonial economies, japan's economy suffered a major blow. in such circumstances, japan's sense of isolation deepened and it attempted to overcome its diplomatic and economic deadlock through the use of force. its domestic political system could not serve as a brake to stop such attempts. in this way, japan lost sight of the overall trends in the world. with the manchurian incident, followed by the withdrawal from the league of nations, japan gradually transformed itself into a challenger to the new international order that the international community sought to establish after tremendous sacrifices. japan took the wrong course and advanced along the road to war. and, seventy years ago, japan was defeated. on the 70th anniversary of the end of the war, i bow my head deeply before the souls of all those who perished both at home and abroad. i express my feelings of profound grief and my eternal, sincere condolences. more than three million of our compatriots lost their lives during the war: on the battlefields worrying ab

economy, the real economy, and .ts overreliance on debt robert: two apparent exceptions to the global slowdown -- the united states and the united kingdom. in both places, the authorities want to put up interest rates a little in the coming months, but if we could cope with a rise in the cost of money, it's not clear that weakening connected economies elsewhere would find it easy. more on the economy. and others news, the greek prime minister has resigned and called snap elections for late next month. he is facing a rebellion in his ruling hard left party over a new bailout deal which has been agreed with international creditors. he said greece did not secure the agreement that it wanted, though it was the best deal under the circumstances. tensions have been flaring on the korean peninsula with those north and south firing shells across the border. pyongyang warned further action would be taken unless seal -- seoul stopped broadcasting propaganda. our senior research fellow at the heritage foundation and former cia deputy division chief for korea joins me now. situationous is the on the korean peninsula right now? we are never sure if we are on the on ramp or offramp to tension, and it could go either way. really, all the elements are in place right now where there could be increased potential for at least a technical level clash,

economy. these are very low rates. you raise them somewhat and they are still low. it will not have much affect on the economy. the important thing is for the towardget on track normalizing the fund rate so that next time the economyis in trouble, they have something to do in terms of lowering the funds rate. matt: thanks so much for your time. i appreciate it. with that in concept that yes, we need to have higher level interest rate or but raising interest rates in the u.s. at a time when they are coming down around the world, the dollar is going to surgeon that will have a negative impact on u.s. manufacturing. matt: we will have to discuss this during the commercial break. i appreciate your time and your thoughts. as we go to break, we will watch oil. we are getting down closer and closer to $40 per barrel. more than one forecast out there says it couldn't fall below. stay with us. ♪ matt: welcome back. we want to get top headlines for you. prosecutors in california have againstup the battle luby's background checks for drivers. the screening veiled to prevent it from hiring sex offenders, a kidnapper, and a murderer. cooper says it disagrees that passes do a better job of screening than it does your the weathe

economy, if you look at data coming in, if you look at revisions coming out, looks like domestic economy is holding up there. it is not spectacular. i call it the tortoise economy, slow by steady growth but we have all this turmoil overseas. we have investors wrestling to see which outlook went out. rabbit economy is falling on its face or u.s. tortoise economist. falls one had you points, it comes back. maybe people say it is doing all right. the fed will respond to this outlook. it is not driving this. trish: i wonder how much you can justify valuations at these levels in a tortoise-like environment? six plus years of very accommodative policy from the fed. you have to wonder if they're creating another asset bubble on themselves. here is alan greenspan with me on this very topic. >> we have pressed interest rates well below normal for protracted period of time. trish: what is danger in that? >> the danger they will come up to where they have always been for millenia. trish: what does that do to the markets when they do? >> not good. trish: not good. he warnedded us all. austan goolsbee. we're off 357 right now. is this a bubble that's popping? >> you can't,

economy has been moving and continues to grow. unemployment continues to come down. our work is not yet done, but we have to have that sense of andteadiness and vision purpose to sustain this were economy -- this economy so that it does not reach only some. that is why we need to do everything we can in government to make sure our economy keeps growing. that requires congress to protect our momentum, not kill it. congress is about to come back on a six-week recess. the deadline to fund the government is, as always, the end of september. i want everybody to understand that congress has about a month to pass a budget that helps our economy grow. otherwise we risk shutting down the government and services we all caps on it for the second time in two years. that would not be responsible. it does not have to happen. congress needs to fund america in a way that is best for growth insecurity, and not cut us off at the knees by locking in mindless austerity or shortsighted sequester cuts to our economy were military. i will veto a budget like that, and most americans will agree. we have to invest in, rather than cut military readiness, infrastructure, schools, public health, research and develop it that keeps

economy needs. lookss what rebalancing like. it looks very contractionary on the outside of the chinese economy, but what we should care about, how the chinese economy influences the- global economy, is demand. this process other people are worried about, i see as part of the necessary adjustment to a more sustainable global economy. scarlet: how do you measure that? do you look at first and second tier cities? patrick: part of the problem is china has had a lot of inflation. it mainly went into asset inflation. part of the corrections we are ining in the stock market, the housing market in china, are essentially this inflationary bubble deleveraging and collapsing. but again, this is part of an adjustment china needs to move away from investment and export driven growth, more toward consumption driven growth. joe: david, if a big problem for the chinese economy is the linkage to the dollar and being at the mercy of the fed, is this cut enough, or will we have to see more? david: i feel like we will have to see more. the real exchange rate is up 1.8%. i think there will be more to come. this is maybe a signal is happening. if i can respond to patric

economy is always going to have innovation. that's the brilliance of our economy. we obviously have worked with many businesses and workers, and the discussion i've observed in the so-called gig economy, one of the things that i find a little troubling and inaccurate is we see these false choices. i hear some people who say that, well, you know, we either innovate or we regulate. the best way to help build the ube ubers of the world is to make sure there is no regulation. that's flat wrong. i see forward leaning, successful companies who are innovating day in and day out. whether it's the new economy or the legacy economy. they understand that you can innovate side by side with your workers. you look at instacart, one of the emerging startups. they've treated their workers as employees because they recognize that if you want to build long-term growth, you have to make sure that you take care of your workers. >> thank you so much, secretary perez. >> always a pleasure to be with you. >>> up next, we're "on the money." bull and unbearable. if you think market mayhem has your retirement at risk, find out how to protect your future. >>> 11 million has been a thorn in america's side for h