thank you, congressman engle.hank you for the opportunity to testify today and thank you also for your leadership in advancing america's national security interests and our values in the world. >> last week i traveled to ukraine where i had the chance to see up close what happens when the rules undergirding our international peace and security are ignored. at a shelter for displaced families in kiev, i met a mother who told me how her husband and 2-year-old child had been killed in february when a shell struck their home in a village in eastern ukraine. the shelling, as you all know was part of a sustained assault by combined russian separatist sources and the victims, just two of the more than 6,300 people who had been killed in the moscow-manufactured conflict. shortly after the attack, the mother fled town with her five surviving children in a van whose roof and doors had been blasted out. her plea, one i heard echoed by many of the displaced families i met from eastern ukraine and occupied crimea was for the f

anna: stephen engle on the greek economy.ons are showing no signs to change their conditions with releasing more money. what did we learn over the weekend? reporter: they denied on twitter that they were going to resign. here is my big question about this op-ed. looking at submitting it before or after he met with his counterparts, because it was a pretty fiery op-ed. let me read some of it to you. they said it is not due to suppose it in transient and incomprehensible greek stamps. it is good to the insistence of certain institutional actors on submitting absurd proposals, demonstrating a total indifference to the recent democratic choice of the greek people. notice how he does not mention this, the international monetary fund and they seem to be driving the hardest bargain. earlier, there was an idea that it was the germans that were driving the hardest bargain, and then it looked like the spaniards, the dutch, and in some ways, there could be a broker. we heard over the weekend that he talked to analysts in berlin. probabl

angie: stephen engle speaking with shui.ine advertising spending set to take over from television this year. core online advertising including money spent on search engines and digital sources will climb 11% to almost $42 billion according to washington-based health consultant fti. will rise minimally to 39 billion dollars. online ad spending has been growing at double-digit pace and networksers are focusing on ways to capture digital revenue. counting on competitors. turningta israel -- is to its rivals to help replace faulty airbags. we will look at this story a lot more. back with details in two. ♪ ♪ just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywher

angie: stephen engle, thank you. the latest corporate stories. here is sherry and. an offer to buy companies has risen to a record high $23 billion. china information is the latest bids to go private as valuations in mainland china arises. the shanghai composite more than doubled over the past year before falling 13% last week. a $1.5r is suing over million advertising campaign. he claims the whole library which failed to honor an agreement to feature him last year -- he claims of the online broker failed to honor an agreement to feature last year. e*trade launched a tv ad last year featuring kevin spacey. apple has backed down on paying royalties less than 24 hours after taylor swift posted a critical open letter on the issue. it says it will pay artists using apple music's three-month service. many anden attacked by the music industry but taylor swift was the most high profile. apple music will debut on june 30 and will cost $10 a month after the trial period. angie: central banks in the asia-pacific have been on something of an even spree as the fed is on the ver

scarlet: stephen engle in hong kong.re reports that lester holt will become the permanent anchor of nbc's nightly news. hold replaced brian williams four months ago. williams was suspended for exaggerating his role in a helicopter attack in iraq. the new york times says he will move to msnbc. the streets of downtown chicago will be lined with hockey fan today as the city celebrates the blackhawks' third stanley cup in five years. tens of thousands of fans are expected to greet the team when the buses arrive for a rally. engulfed, the u.s. open is underway at chambers bay in washington state. rory mcilroy has 13 times this year but michael -- rory mcilroy has won three times this year. shares of fit that -- shares of , a good day for the company and ceo james park who is standing by with leslie picker. leslie: i'm here with james park, ceo of fitbit. a lot of analysts i spoke to said the key for fitbit costs access is the company's innovation. leslie: where is your key focus? james: this year, we are increasing r&d spendi

stephen engle has this report them hong kong..le: it is he came in above estimates at 49.6 for june. it is still in contraction territory below 50, but this is the third week in a row the pmi has an improved if this holds true through july 1. production, credit growth, and and property in china has stabilized. the survey showed that job cuts where the sharpest in more than six years. economists expect the central bank to continue their easing cycle. betty: stephen engle in hong kong for us. top stories crossing our terminal. tom brady is appealing his four-game suspension for the deflategate scandal. his making his case against commissioner roger goodell. there was a report that he was aware of the deflated football's use during the championship game. if the weather cooperates a plane will leave central japan for hawaii at 1:30 p.m. it does not have any fuel. the first leg is the riskiest because there is no place to land. a severe solar storm slammed into earth yesterday afternoon, increasing the chances of fluctuation in the po

we've got stephen engle with the latest the them i'm numb -- latest pmi numbers. stephen: just above expansion and contraction territory, the demarcation line of fifth the. it is better than the previous two months, better than the previous four months. january-february was in contraction. we hit march and april, and now may, above. we are now at 50.2. we are saying, this looks like it might have hit the bottom. 50.1 in april -- 50.3 excuse me, was the consensus estimate. missed it slightly, but we are mincing words between 50.2 and 50.3. output, new orders, and new jobs all advanced within that pmi. that is good news. we also got the hsbc manufacturing pmi final reading for may. this is a smaller survey. the hsbc pmi coming up 49.2 still contracting. it matched the last number and was better than april. also, services the am i dipped a little bit -- services pmi dip ped a little bit. angie: what does this all mean for future easing? stephen: this is not a robust recovery for manufacturing. most of the economists we are reading from say, yes, there could be easing

stephen engle joins us. some small reason for optimism, perhaps?stephen: yes, finally some signs of optimism, sure, and the stock market took it to heart. up nearly 5% area hong kong is up 1%. the h shares index up nearly 2%, so really getting a boost of a couple of pieces of news. i will get to the on swap local issue in a minute, but the pmi manufacturing index was also up today better than expected, perhaps, and the easing we have seen has started to work into the real economy, but do not be fooled. the pmi at 50.2, not necessarily a robust recovery, but it was the highest reading so far this year. still in expansion but above the last couple of months. the first two months of the year, it was in contraction. what is encouraging though, jonathan, within that pmi reading for may, we saw output new orders, and new jobs advancing, and that gave the market a bit of a shot in the arm, if you may. jonathan? jonathan: hardly setting the world on fire. let's talk about the big one overnight. what are we hearing about the expansion of the china local bon

richard engle reports. >>> the officer's side of the story. what we're learning tonight about what happened before all that chaos at the pool caught on camera. >>> and going to extremes. our journey deep underground as a major water source for millions rapidly disappears. wait till you see what they're doing to keep the water flowing. "nightly news" begins right now. >> announcer: from nbc

stephen engle joins us for more. take us through what is happening.uan arebillions of flooding out of china into global markets, reading opportunities for the chinese and also fraudsters. involves 25,000 chinese investors that alleged to have been scammed out of $1.2 billion that we know of. returnse promised 10% every month on these currency investments in switzerland. geneva prosecutors have confirmed they are investigating at least a couple of companies. swiss trust and an associated company. claimed to bethey licensed by the swiss regulator and were not. they allegedly lured millions from chinese individuals before shutting doors and vanishing. hearing complaints coming from all across china, from shanghai, and shenyang. they all thought a swiss investment would be safe. emptor shows that caveat applies to everyone around the world. .herry: it definitely does we will take a more detailed look at the story later in the story and we do want your opinion so to tweet your thoughts. include the #trendingbusiness. move on to the next story, greece is pr

richard engle reports. >>> the offices side of the story.t we're learning tonight about what happened before all that chaos at the pool caught on camera. >>> and going to extremes. our journey deep underground as a major water source for millions rapidly disappears. wait till you see what they're doing to keep the water flowing. "nightly news" begins right now. >> announcer: from nbc news world headquarters in new

stephen engle has been poring over this. not one but two sets.y, a reading of 50.24 manufacturing pi -- pmi would not because for celebration but it is getting some optimism for economic prognosis. the highest reading so far this year. after contraction in january and .ebruary, 50.2 output, new orders and new jobs advancing in manufacturing pmi. is stabilizing after a few interest-rate cuts from the pboc and targeted stimulus. in the last few minutes, the hse see pmi final reading for may came in, in line with the flash number about 10 days ago at 49.2. still in contraction, the -- below 50 but better than april. i might add, services is making 47% of the economy. we have the nonmanufacturing tmi which includes construction out for may. it came in at 53.2, below the previous month, still robust. to go back into the data, that is the lowest services pmi reading since december 12 -- december 2008. perhaps because of the weakness in construction. back to you. program we want your opinion. tweet us your thoughts. , debt repayments loom for greece. th

stephen engle joining us for a preview. make up 75% of the air transport back home. even though the bigger planes get the buzz and as old that the dazzle,is year -- and the focus this year. it starts on monday and the 737 jim 737h is the regan is in focus and the airbus. they are the ones that will garner the attention. expecting, sources say, 220 orders for those aircraft. it is not flashy but they are efficient. 100 737 max is expected to be sold. korea is expected to order three of those plus the rival. saudi arabia airlines expected to dip toes into the smaller single aisle airbus, also some longer-range and when i'll a330s aisle a330s. they have spent the money on the next generation of aircraft and airbus has the 8330 coming into service and boeing has the dreamliner. 10y are going into the dash series and the new seven asked in the next decade alec: -- triple sevenx in the next decade. airlines are operating on razor thin margins and they want better fuel efficiency. boing is not ready to sell the x so they are still

richard engle reports. >>> the offices side of the story. what we're learning tonight about what happened before all that chaos at the pool caught on camera. >>> and going to extremes. our journey deep underground as a major water source for millions rapidly disappears. wait till you see what they're doing to keep the water flowing. "nightly news" begins right now. >> announcer: from nbc news world headquarters in new york, this is nbc "nightly news." reporting tonight, lester holt. >>> good evening. day five, and a lot has happened in the hunt for those two killers who escaped from a new york state prison. police are reaching out to family and those close to the prisoners. the search itself is literally changing direction. some of the focus now turning to vermont. and interest continues to ramp prison employee. sources tell nbc news she is still answering questions from investigators. nbc national correspondent miguel almaguer leads our coverage tonight. miguel, what's the latest? >> reporter: lester, good evening. tonight investigators are

there was also this from nathan engle: "i definitely see t argument that it's toxic to turn municipal fines into a for- profit venture, but i'm not at all comfortable standing on the side of people trying to argue that it was nbig deal that they blew through a red light." but others felt there was no need for traffic cameras, and that they do nothing stop traffic violations. mike millan said: "these are just revenue generating machines that do nothing to decrease traffic problems. they should be taken down and outlawed." mikemann mcmahon wrote: "our experience withhem in minneapolis was dubious, and was determined unconstitutional by the state supreme court." sean burns had this to say: "just another way to turn 'law enforcement' into a cash machine for the city." and finally there was this from hkrieger: "i once worked as a photographer, but this seems like a more profitable way to make money with a camera." as always we welcome your comments. visit us at pbs.org/newshour on our facebook page, or tweet us @newshour. sreenivasan: more news before we leave you, the pentagon is poised t

stephen engle taking a closer look. rs toare the arbitrage do?phen: they are buying shares on the anticipation of a narrowing of the gap. they get a little bit burned. let's bring up some charts. at,stocks we were looking traded in both markets, premiums jumped to an average of 111%. the premium index. -- basea race number number. a one-year chart. hong kong shanghai connect was launched. the premium is 2%. it is up 42%. on a market to market basis. that is whitening quite dramatically. the last time they had that to -- we are getting back climbing back up there. back then it was 80 or something. angie: this suggests it is mostly retail investors. they have driven up shares on the shanghai composite 150%. stephen: this is the story we were talking about where china wants to professionalize the market. it is a foreign institutional investor. angie: they have gone up. but a shares are up. let's look at this. the money keeps on flowing in. i was looking at the turnover for northbound stocks. twice as much as southbound. you can throw the fundamental

chairman thank you congressman engle. thank you also for your leadership in advancing america's national security interests and our values in the world. last week i traveled to ukraine where i had the chance to see up close what happens when the rules undergurding our international peace and security are ignored. at a shelter for displaced families in kikiev, i met a mother who told me how her husband and 2-year-old child had been killed in february when a shell struck their home in a village in eastern ukraine. the shelling, as you all know was part of a sustained assault by combined russian separatist forces. and the victims, just two of the more than 6,300 people who have been killed in the moscow-manufactured conflict. shortly after the attack the mother fled town with her five surviving children in a van whose roof and doors had been blasted out. her plea, one i heard echoed by many of the displaced families i met from eastern ukraine and occupied crimea, was for the fighting to stop and for their basic rights to be

stephen engle has more on this.ase of you better raise more money before the market runs out? stephen: a lot of chatter the bubble is growing fast. guotai hass, expanded fast keep up with demand. we have seen market accounts growing, the number of ipo's coming down the pipeline, seeking to raise $4.8 billion, the largest domestic ipo since 2010. they gave various reasons, replenishing capital, funding margin lending operations. we have seen a record $358 , $2.2n in margin trading trillion, there it is right there. $358 billion in u.s. dollars in one year, so things are getting a bit frothy with worries on the market. chinese brokerage are set to ofpass last year's record $9.9 billion, already at $7.6 billion this year. we heard about civic securities, revenueest brokerage by raising to $3.5 billion. rush by is a bit of a brokerage. angie: is it too late? everyone is talking about a bubble. guotai coming in now? stephen: we never know how long it will keep inflating. you have had a couple days down on the index the l

stephen engle is standing by with details. have prices hit the bottom? it is improving. we can throw away your over your because we know that is coming from a different race effect. that has been the trend consistently for some time. we have to look at month over month to see the u-turn that were starting to get with new price falls in fewer cities. 41 cities out of the 70 cities tracked in may saw new home prices fall. fromis better than the 47 the previous month, and 49 a month before that in march. i have all the data right here. it's like reading from a baseball line score. a big increase of 6.6% and new home prices, month over month, the six month and a row that they have seen new home prices increase. they are on the leading edge of this recovery. shanghai up month over month for the second month in a row. beijing, a third month in the row of gains. the other interesting point is on the downside. the cities that are still seeing falls, they are narrowing. cityop worst-performing 0.6%.an the gains are whitening. back to you. rishaad: let's take a look at some other

stephen engle's has been all over this.s look at these numbers because there has been 144, red-hot with the new rules and margin lending rules, 144 firms have gone public this year. they have jumped on average 44%. investors in china seeing this as a one-way bet. since then, these companies have gained 539% so far. day, ande first sixfold increase after that. chad a national nuclear power is seeking to range 200 billion u.s. dollars. said, nearly equaling the entire gdp of hong kong. this locks up liquidity for the 23 ipos in the pipeline. rishaad: they are averaging over 500%. stephen: 539%. rishaad: did you say that already? i'm throwing out a lot of numbers. investors see it as a one-way that. rishaad: thank you very much, indeed or id. indeed, looking at what is trending on social media. xiaomi, these reports generating the last couple of days about them buying , microsoft accorded to some reports, and he responded to some of those rumors saying, hey, don't spread rumors, just go to bed. will see what happens here but r

stephen engle has been following arguments. after years of wrangling, the senate finally approving the bill? stephen: this is an amazing step forward. if you look at the voting structure, republicans came out in favor of this. i will not get into the different gyrations, but this bill gives the president fast-track authority on agreements. it,cally, once he signs president obama, all he has to do, when he sends trade agreements to congress, it is basically a yes or no vote without congress adding amendments. that really clears the way for them to push forward for the transpacific partnership. r2146 really wrangled for years back and forth. it was approved by the house last week. now, overnight, approved by the senate 60-38. it saw obama working into the wee hours with senate republicans. 47 republicans voted yes, 13 democrats voted yes. no, republicans voted including ted cruz and rand paul. 33 democrats voted against it. basically, the democrats were opposed because they cited the nafta agreement as resulting in the loss of th

stephen engle has been following the developments. stephen: who would have imagined that after that 2014 republican win of the senate? the u.s. senate has indeed finally followed what the house did last week. they passed the fast-track trade authority built that will let the president submit agreements like ttp to congress for an expedited up or down vote without amendment. this is seen as a critical step for the pitching of the transpacific partnership, which depend's economy minister says could be agreed upon by the twice -- 12-member nation as early as next week. democrats opposed it. democrats backed by organized labor unions had tried to torpedo ttp as they feel such trade deals cost u.s. jobs. the approved fast-track bill now goes to president obama for a signature. canada,ps, the u.s., japan, new zealand, australia, peru, chile, and the rest of the 12 nations to work together to barriers but it does not include china and south korea yet. ann: we begin with takata. the president will meet the press for the first time over the ma

i am also joint by stephen engle also. the two stevens. -- theseeing more growth biggest number we have seen in four months. still in contracting territory. : that is going to have markets turn more positive in terms of the growth on china. the numbers are consistent with the set of numbers reported by the government two weeks earlier. early signs of stabilizing. shouldnese winter stabilize for the third quarter but the overall global picture is still pretty weak meaning we do expect more stabilizing policies from beijing. : 25 basis points coming within the next week. is that along with what you're thinking? another 25 basis points taking it down to 4.85%. we do believe there will be more rrr cuts in the second half as well. the economy is still pretty weak. we should expect the deposit rates to be liberalized and the rrr cuts to go along with that to make sure that the banks are seeking proper stability. yvonne: we just got the trading starting here in the last hour. coming off of a very bad week. the worst week we have

olivia: today, we saw more evidence the sluggish economy in .china may be stabilizing stephen engle hasport from hong kong. stephen: sentiment at chinese factories is improving as the hsbc/tmi came in above estimates -- 49.6% in june. this will be the third month in a row that pmi has improved. if this number holds true for the final reading out july 1. production in china, critic growth and property sales have shown signs of stabilizing as rate cuts and targeted measures to combat the downward pressures in the economy take hold. yet, the survey also showed job cuts were the sharpest in more than six years and many economists expect that pboc to continue their easing cycle. olivia: for a look at what is happening in the u.s., i want to get to matt miller for the big stories of the market day. matt: not a lot of movement if you look at the major averages. the has not been all day. the s&p pretty much unchanged at 21.21. 121. take a look at my screen. you can see my imap. it breaks down the s&p into different industrial sectors and shows you a deeper red for bigger losers at a brighter gr

angie: thank you so much for that, stephen engle. other stories we are tracking today.teel output will shrink as the bull market in iron ore drives up costs. the china iron and steel association expects crude steel output to fall as much as 2% this year. chinese producers are being hit by rising costs in the collapse of steel prices. glencore has sold one of its nickel mines at a discount of more than 90%. that is quite a steep discount. the operation was valued at $2.4 million in 2007. glencore has offloaded it for just $19 million. the deal follows an industry trend of disposing of assets that have lost value. the mine was part of glencore's acquisition of estrada. it had been bought at the height of a commodities boom. prices have since collapsed. vietnam wants to be more open to business and is to relax regulations to attract investors from at home and abroad. let's bring in our south these asia correspondent, haslinda amin. is this an attempt to breathe life into a sluggish economy? haslinda: it is. a move that has to be taken. they risk falling short of gdp target

we have stephen engle taking a closer look. what is happening in china? stephen: inevitable.asters looking for the signs of a potential selloff cascading ofhat selling that we saw in 2008. right now, we had on friday the csr state in china announcing plans to curb margin finance into a selling to no more than four times a brokerages net capital. currently, there is no ceiling. people have been using margin come ifg to get rich you will. they're are considering a number of other rules that would curb margin lending. the csr city is trying to slow things down a bit without causing panic. -- csrc. guiding a herd mentality is a tough thing to do. month8, we saw a 10 selloff ending in november down 70%. up offter a two-year run some 200%. we have been here before so a're kind of seeing now -- record pile of margin lending in the mainland market right now. sawe: what was the fall we in turn yesterday? is this the beginning of a correction? stephen: could be. traders are saying the credit he is tied up for the impending ipos. as concern over the margin trading restrictions on friday

stephen engle joining us for that.are these property developers offering, and how urgent is it for these developers to shed inventory? reporter: that is a big problem. this is shanghai alone, the inventory has risen over the last five years. inventory nationwide at a three-year high, 166 square miles of excess inventory. that is about seven times the size of manhattan. notn incentives, these are new in china. it is a highly competitive business to get people into their flats and not competitors. the problem is the shaky finances and crippling debt loads so many developers have. among 25 major developers, only to generated positive cash flow in 2014, while combined net debt jumped to a record hundred $48 -- $148 billion. this is in contrast to the absorption rate. allows the excess inventory through price cuts to be absorbed into the market. what you are seeing is it is starting to come down. slowly starting to come down. angie: what incentives are we looking at? reporter: if you want to look -- live in a purple dragon

last year, stephen engle got more access to the billionaire.ergy chairman was all smiles when bloomberg television met him at his headquarters last year. we list of shares had quadrupled in value over the previous two years and as he moved from wind and hydropower, he was gunning to be china's richest man. sometimes, people think we have simply gotten lucky but i always say, where does that look on from? i always believe what you are doing something with a sense of mission, god or heaven will empower you with magic. >> that magic was on display little more than a year ago when he invited us aboard one of his the fruits ofe his rise. to story is truly a route riches story. ex a money of the stories of china's newly minted billionaires. in the 1980's, he borrowed ¥50,000 to start a business selling everything from bottled water to electronics. he dabbled in real estate before going into power generation. from a three-hour flight beijing to the energy producing rivers. this is the centerpiece of the power play in china. its largest hydroelectric d

stephen engle has this report from hong kong.'s relaxation of unitprice recovery has prices falling for a third month in a row. tracked saw cities a decline and several cities saw higher prices. that is an improvement over both march and april. many are getting back into the market thanks to these market outlooks and new rules. rose 6.6% ines just one month, the fastest pace since 2011. and of course, with an apartment, that sounds fantastic. that does not happen in the u.s.. or that, i want to go to julie hyman who has the big stories of the market day. julie: i wish -- olivia: what? [laughter] at whatet's take a look is going on here in the u.s. with major averages. anyway, we are seeing major averages up. nasdaq is trading at a new record. stocks have rose after a high of the new session, and greece's creditors were talking about extending its deadline, its repayment deadline, to september. so we saw the stocks take a bit of a leg up on that. that is the report we are working on and we are trying to figure a whether indeed tha

following up on the excellent remarks made by ranking member engle, as we know president obama issued a not so veiled threat to israel that the us might not be able to support a veto of the french resolution at the u.n. security council on palestinian statehood. you used the word oppose but will the united states, yes or no veto any resolution at the u.n. that forces and imposes this two state solution on israel? what will our position be? will we veto. you say we oppose, but will we veto. though would send a strong message? >> again, given that we worked last summer on a u.n. security council resolution with israel that we were prepared to support and weren't able to get everybody on the council to rally around, i just think it is perilous to make blanket statements but i want to under score we have consistently opposed and will oppose anything that is biased or undermine israel's security and i think our track record is -- is very solid here. >> thank you. i think it is that track record that worries israel. i applaud you for saying that you're going to root out the anti-israel bias

laura engle has been looking into this. she joins us with more. laura?l topaz is latest in string of 60 terror-related arrests in the u.s. since 2007. investigators say topaz was working on active plan to travel to iraq or syria for the purpose of joining ices is and was planning to hook up with could conspirators. one of the men topaz is linked in with omar saleh a queens college student arrested last week accused of building a ex-most system device to detonate it in the new york city area on behalf of isis. since march there have been several arrests overseas people attempting to join isis. seven from britain, including the son of a u.k. lawmaker and a former british boxing champion. investigators say these are part of a bigger picture. the cases all share the same philosophy extremist support groomed through the web. fbi director james comey says the agency doesn't have the full capacity to investigate all terror-related threats on social media, due to the going dark phenomenon, extremist use of encryption tools to mask their communication to investig

from livingston high school in jersey is msnbc's kelly o'donnell, also with me john piric, and bob engle, senior political columnist, and he's also author of "chris christie the in star rise to power." a lot is being made that chris christie will speak off the cuff having this kind of town hall feel. we know that's his strategy the guy he wants to present to the country. >> reporter: he is going to try to talk about his story and introduce the country to the chris christie that livingston new jersey knew first. so expect some of the biography, expect some of the family nostalgia, expect some of the stories that are familiar to those of us who have traveled around the country with him, but maybe less familiar to a wider audience today. trying to define the influences that developed that big personality that has become the brash political figure that some people like and some people don't. so by using his skills to speak more ex temp raintemporaneously in a broad field. how do you stand out? part of it is making the best of that big personality, which as we talked about, doesn't always win

closer engle's takes a look. stephen: a lot of powerful powwows going on on monday.ere did they start exactly? a long laundry list compiled over the last few years, cyberattacks the u.s. claims against china, south china sea disputes, transpacific partnerships with -- without aib, illegal trade of ivory even said to be on the agenda. oh yes, human rights, terrorism, intellectual property rights violations. they have been pushed on the list on the agenda. the most vexing strategic us is -- issues are said to be on the agenda monday morning in washington dc. there is quite a list. this is what a former u.s. diplomat and nixon's former translator during the 1970 to visit, he says there is a list it, year of u.s., he calls petulant, even acrimonious complaints about china. the airstrip china is building in the south china sea, the pentagon has made no bones about the fact that they will not let that just go unnoticed. also, the cyber theft of u.s. government employees's information that the u.s. claims originated from china. that will be an issue. at the backdrop of all

stephen engle is late -- taking a look. state department officials say the u.s.start first thing monday morning in washington dc by tackling the most difficult, the most sensitive and most vexing issues between the two countries. that means the u.s. allegations of government workers of information, territorial claims in the south china sea and china's building of an airstrip on reclaimed land. it means talking about the tpp, the trade deal that excludes china, which uses tpp as an effort to keep writing the world trade rules. aiibthe china led a iid -- that the u.s. excluded itself from. they say this is evidence america is determined to keep china's role in the global governance limited. lots of talk is going to be on the agenda, the seventh sneb, purpose ishinese more about smoothing out difficulties. coming up later, we will be live in l.a. for more on taylor swift, taking a bite out of apple music. after this short break, asia makes up half of a global top 10 countries at risk of a cyber attack. we will see what has security firms worried. stay with us. ♪ yvo

speaking of greece we also want to hear from stephen engle and her, global head of g 10 fx strategiesns us now from his offices in new york. it looks like the latest headlines coming out in the past few minutes to not seem very good. i see one headline from angela merkel, the chancellor of germany, saying that on some items, greece appears to have been going backward. how do you trade these headlines? steven: most people are not trading the headlines. they are standing back and waiting to see how they play out. by our indications of positioning the euro position it is the shortest and has been in one year and it is the least in has been -- i'm side, the euro positions are just not there, dollar positions are not there and people are backing away from the market in part because of the fed but also because this is hard to trade. olivia: if you are not trading headlines, how are you positioned for the outline to be that greece stays in the european union? stephen: well, we think that they will probably pay for something over. if you look at some of the tech that has been leaked, they are

engle thank you very much for your excellent statement. your leadership. i think the american people need to know more and more, we work across the aisle. it's always a privilege to work with eliot engel the ranking democrat on the full committee. thank you so much. mr. palmer who is from -- sorry. i thank you for being here. and look forward to your testimony. >> thank you. good afternoon. i'm honored and privileged to provide my testimony before you. and i commend you for holding this important hearing. i'm here today because i'm inspired by a british-educated barrister traveling on a train to with a paid ticket who was thrown off a train for sitting in first class compartment because of color of his skin. the sense of justice and outrage within him inspired a struggle for civil rights in south africa, which he later transformed for a fight for international independence from a colonial power. i'm referring to gandhi. i'm not comparing myself to gandhi, but i'm prepare to the stand up to fight for the cause that transcends cultures and nations. i'm here

engle, for five minutes. >> thank you very much, mr.rman and secretary, monis, and thank you for your good work and so many good things. we really appreciate it. i would like to join everyone in applauding your efforts. >> i'm having a hard time hearing you. >> i will do this. this is better. generally not so hard to hear new yorkers talk. i'll try to talk louder and not slur any words. i want to applaud your efforts and the efforts of everybody involved in producing the first report of the qer task force. i believe it really established a sensible blue print, making our electric grid more resilient and to identify and improve vulnerabilities in our current energy transmission distribution system. as you know, superstorm sandy swept through my district in october 2012 knocking out power to over 8 million people and causing fuel supply and distribution problems. some new yorkers in my district waited for than two weeks for lights to turn back on and struggled to keep their families safe and warm and so i'm focused on our grid and our ene

engle i apologize but i yield to him. >> thank you, gentlemen for yielding and let me agree with everything you said in the after faj of september 11th it is estimated that up to 400,000 americans were exposed to copious ams of smoke and toxic substances such as asbestos and as a result many of our heroes suffer from debilitating conditions acute respiratory disorders, cancer and post tram at is stress disorder and it is heartbreaking that many must carry the burden of these ailments and the very least we can do to help them and so i was proud to be an original co-sponsor of the health and compensation act and the co-sponsor of the reauthorization we are discussing today. a failure on congress's part to pass this vile at legislation would constitute an agreejous response to those who gave so many to those americans and i say americans because this spabs the entire united states. the 429 of the 435 congressional districts benefit from these programs. so this is an issue of national performance. so the first responders who rely on the world trade center health program did not hesitate to risk

engle, thank you very much for your excellent statement. your leadership. i think the american people need to know more and more, we work across the aisle. it's always a privilege to work with eliot engel, the ranking democrat on the full committee. thank you so much. mr. palmer who is from -- sorry. i thank you for being here. and look forward to your testimony. >> thank you. good afternoon. i'm honored and privileged to provide my testimony before you. and i commend you for holding this important hearing. i'm here today because i'm inspired by a british-educated barrister traveling on a train to with a paid ticket who was thrown off a train for sitting in first class compartment because of color of his skin. the sense of justice and outrage within him inspired a struggle for civil rights in south africa, which he later transformed for a fight for international independence from a colonial power. i'm referring to gandhi. i'm not comparing myself to gandhi, but i'm prepare to the stand up to fight for the cause that transcends cultures and nations. i'm here

>> thank you, congressman engle. first, as you yourself have noted, the president was very clear in that interview and has consistently been clear that we are not reevaluating our bond with israel, our security and military relationship, the tremendous friendships that exist between the american people and the israeli people. i think what we are -- what we are engaging right now is a moment in which it's not exactly clear how progress toward a two-state solution is likely to be made. and so we are in daily touch, as you know with the israeli government, the israeli national security adviser is here in washington, i believe, still as we speak meeting with our national security adviser with the government now formed, we're deepening those discussion s discussions again about how we find a path forward toward a two-state solution recognizing as i know and we all do that that is the way in which israelis and palestinians can live durably side by side in security and in dignity. with regard to the area of concern that you