richard engle, nbc news, seoul. >>> well warriors fans are waking up to the dawn of a new day. this is after what has to be the team's largest one-day overhaul ever. bob redell is outside of the team store in walnut creek where he's talking to fans and what are they saying? all right. it looks like bob doesn't have us just yet. but a lot of fans have been talking and feeling different ways about all of this. we're going to get to bob -- >> reporter: well there are two player jerseys not available much longer. we're talking about kevin durant and andre iguodala. durant was a free agent and the brooklyn nets have picked him up in a four-year max deal reported worth -- you could hear me okay, marcus? [ no response ] >> the magic of television. a delay there with the shot there. we're talking about the loss of k.d. to the warriors, we'll try to work that out. in the meantime, talk about the giants, ceo larry baer will return this week. major league baseball suspended him after this video surfaced showing him getting into an altercation with his wife. his first day back is tomorrow.

we are joined by our senior fromter david, and also stephen engle., how are things looking, how extensive is the damage? i will show you how extensive the damage is because it is quite extraordinary to see what these protesters managed to do. these are the windows they have managed to smash through using a whole lot of road barriers and makeshift weapons they picked up and used to smash into the building. if you look through the door, you get a sense of how they have trashed the inside of legco. there is graffiti everywhere, glass, barriers ripped out. you can see taken all the way in signed, i am told the gift shop has been trashed. -- hong kong is not china. this is the sentiment we are getting here. i am also told 13 police officers have been injured because some sort of liquid has been thrown at them. these are the sorts of protective gears the protesters are using. that is why none have been arrested. it seems unlikely any will be because they were camouflaged. shery: we have our chief whoutive carrie lam, condemned the violence. how we heard an

paul: stephen engle there with christopher lefler.et, tv you can watch us live and you can catch up on past interviews as well as dive into any of the securities or functions we talk about her you can become part of the -- talk about. you can become part of the conversation. this is for subscribers only. check it out at tv . this is bloomberg. ♪ kathleen: let's get to breaking .ews on south korea's economy very important exports for the first 20 days of the month of july. 13.6% seeing they fell year-over-year. the prior month was down 10%. exports in this export dependent country continue to suffer. imports are down further, reflecting a slowdown in south korean demand for businesses who are exporting less, don't need to import as many commodities and parts in order to produce whatever they are producing. largest -- is the 11th largest economy and forth biggest exporter. sophie toback to preview the market open in australia, japan -- interesting to see these numbers area -- numbers. sophie: we will see how that plays out in market

student housing with the so-called urban rigor that's 12 floating houses designed by a danish architect engles ingles is a very passionate and doesn't shy away from some greater vision he has his idea of a floating city for 10000 people in rio and by climate change. that looked a pretty amazing about what our guts for the future melissa holroyd fascinating stuff thank you very much. now in 100 german must reads a book by your. father was a great of the beach office of the sixty's and seventy's like jack kerouac and william burroughs and he lived his life on the edge indeed at different times in his life he was a heroin addict and the drunk just like the antihero in his novel rule material so he knows what he's writing about is david leavitt with. first page finished just a few 100 more before i can call myself a novelist i guess but where you get a look at this snazzy typewriter back in the sixty's nothing's said take me seriously i'm a writer quite like this baby. and. how they would be a writer if you weren't so busy. use the antihero in raw material by your followers i'm going to be in his

yvonne: let's get to chief correspondent stephen engle in tokyo.ondent stephen engle in tokyo. mission? , legacyhis holy grail project. he got into politics in 1993 to rewrite japan's wartime history. he wanted to be right the constitution. has had to whittle down his revision to only legitimacy to the armed forces. issue, so why go there? a majority of them did not want it to happen under prime minister abe, significant -- signifying a trust deficit. be in next election will the next three years. does this mean he does not dare to call an election monkey has a razor thin super majority? he could lose that. he will hold that as a cudgel to keep the party together. will be a has -- this very tough road, given the fact that people in the party, the coalition and the public are not excited about public revision. he needs something else to focus on and his diplomacy has achieved very little. he has had a two thirds majority for six years. his legislative accomplishments have been modest. more.of people expected he has not really achieved anything that

stephen engle is our north asia correspondent. abouter: who knows better dark clouds then i?r] rishaad: i'm not saying that. why are you being so depressing? [laughter] reporter: i just came back from seattle, where the summer has not arrived. let's talk about hynek's. even as second quarter operating profits did miss average said they the call aim to achieve higher cost cutting in 2018, significantly -- versusnvestment in 2019. this is against the backdrop of what people are concerned about, supplied curbs from japan in the tech space and a decades-old spat between south korea and japan has re-flared. goes into more concerned about the south korean economy because of the concerns with the north korean firing a couple of projectiles, but also the export situation because of a global trade. second-quarter gdp did perform better than expected, however, the storm clouds are considerate given the trade war and this conflict export curbs from japan. the bank of korea even said last week when they lowered key rates to cuts to the forecast 2.5%, and the governor of the be ok said th

engle ini am stephen tokyo. shinzo abe wins the upper house vote but failed to secure a super majority. we will have results and reaction. kathleen: market action into asian trading, we have to take a look at u.s. trading first. the stock market was on its way to a modest gain, mixed results on earnings reports, microsoft with a great report, netflix not so great looking over the course of the week. friday it was news late in the day iran's revolutionary guard seized a british oil tanker in the strait of hormuz. as you can see at the close we had the dow jones down a quarter-point, 68 point decline. at .75 percent loss. it is just after 6:00 in the u.s., so futures are looking to decline on the s&p 500. also wondering about the fed friday, the president of the st. louis fed repeated he is in favor of a 25 basis point cut a day after john williams seemed to be saying he was on board for a 50 basis point cut. new york had to clarify he wasn't talking about the present time. these are all hanging over the market go

we're joined by steven engle in dalian for the world economic report and david with the latest from the hong kong protests. steve, trade must be one of the key topics of the world economic forum. what are you hearing from some of the dell gates and guests there? >> absolutely. there was that sigh of arrive here in dalian after donald trump in saturday in osaka. of course, the g-20 there and they had that trade truce. there was a breathe of relief here. however, today we're going to be like -- looking for signs on the premier on the details, programs. i'm not expecting a lot details other than that when we has -- he has said in the past and that's generally fighting against the trends of protectionism. we're likely to hear that over and over again and likely to hear there are significant head winds on trailed in china. the job sub index of the manufacturing and p.m.i. also at the lowest level since 2009 and i know the chinese leadership takes jocks very seriously. i don't have an embargoed text of his speech but i'm sure he's going to hit on these types of challenges facing the chinese e

richard engle is in seoul south korea. if this kind of deal were to be made -- the white house is pushing back a bit this morning -- what could it do politically? obviously it could set the bar for a president. it is more achievable than denuclearization. as the "new york times" reports this approach would not mean existing weapons are dismantled, wouldn't limit the north korea missile capacity. what could it cost the u.s.? what would kim want in return? >> so as you mentioned this summit happened, the impromptu summit between president trump and kim jong-un in the demilitarized zone. it was a made for tv moment. but the whole point of this, the whole point of president trump fostering these relations with kim jong-un is to lower tension and yes tensions have been lowered. also to build trust so that a nuclear deal can be reached. that's the idea, to get kim jong-un to give up his nuclear weapons and to get him to give up the long range missiles that would be able to deliver those weapons to the united states. so far, kim

bakery is one of 13 businesses that have taken up front on his color terry legacy restaurateur henry engle one of the initiators if you that the people who come here on the trail of fun time know will also want to read something. as opposed to that was just a fun idea we want to develop new piece i don't want to just cook the same menu for 3 or 4 years and this. it's a nice challenge it gave us a chance to come up with something new boston's most lawyers. in his restaurant here can hope ngo offers a 3 course meal based on the real art of wild boar it's certainly in tune with fun town as well known motto craft fortunes are not for me. the artist casino and also has fountain on the menu the main courses feature freshwater fish trout and pike no surprise to fun town of fans after all the writers last completed novel was named after lakes fish lean. and potatoes here lightly tossed in butter have been a staple since frederick the great introduce them. the fish is served on the very root festivals this is truly regional cuisine. for fun time to describes in this walk through brandenburg is my r

under the old days, that would never have been ruled out and it would have been a goal for engl wd. thhad the penalty kick, which was very dubious. the goalkeeper came up with the save. at the end of the day, england had enough chances to win it, od the u.s. just know how put the game away. they don't panic. they have started to know how to mana a game. the fact that megan rapinoe wasn't playing did not bother them at all. the score early, sit back att bit, absorb all the pressure. nada: with rapinoe out, who also -- who else was the rising star of the game from the u.s. side? tommy: the press woman who came in. she was involved in the setting up of the second goal. thcoach made a good move bringing her in. she brought in a couple of fresh players into the u.s. team who might have been run little bit, as it was, played very well. jey made a couple of changes. sometimes that ct be the difference. i just thought that england laged that little bit of be convinced. i know that neville said they were convinced. i don't think i saw it today. i didn't see it from bronze, ths kind of pl had

stephen engle.s and south japan, and us toya it underway at the top of the hour. >> asian stocks look set for a mixed start. as the dollar holds onto overnight gains. earnings very much in focus today. takes reporting season off. second quarter operating profit beat the highest estimate. also, closing at a six month high tuesday. the nikkei news reporting plans to cut 3000 jobs worldwide. pull out of manufacturing and r&d in europe. view after a $780 million acquisition of atlantic gold. evolution mining is in view after posting and 8% drop in gold sales volume for the fourth quarter. expect annual production to come in weaker. that is the snapshot. this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or resc

stephen engle, thank you so much. i just want to check markets as well as we go to the lunch break. we are seeing hong kong leader gains here. this was closed yesterday for the public holiday. the hang seng index is up by 1.2%. this is coming through for most of the stocks. i am hearing myself. it is worth noting what we have been watching in the chinese session. yesterday, very difficult to focus at the moment. worth noting what we have been watching. these are coming through in that sense that we had a little bit of paring back of those gains. they are still under a little bit of pressure as we go into that lunch break. the hong kong dollar is up by -- 0.7%. technologies, up by about 9%. elsewhere, some of those tech stocks you have been watching are falling in seoul. this is bloomberg. ♪ a.m. here in11:30 singapore. that is life picture coming through of the world economic forum. theave been hearing from chinese president. we will keep you updated. caps is to and ownership for companies by 2020. let's get the first word headlines with tom mackenzie in beijing. the trump administr

we have stephen engle with the numbers. what is standing out?ncome if the came out better than expected. we got the preliminary numbers indicating with the industry has been facing. a downturn, a cyclical downturn in the memory chip business. that has seen the likes of cut capex spending and also cut out some capacity. knew operating profit is confirmed, falling about 56%. number was pretty much the same preliminary. the net income number is a little better. second quarter, 5.0 5.60,000,000,001 -- trillion won. some of the guidance we are getting, we are going to have a conference call coming up at the top of the next hour. with all of the division heads. in the second-quarter results, we are getting this kind of guidance. persistent memory -- they see recovery amidst these uncertainties. i want to break out some of these. the mobile market demand and the second half to remain week. -- weak. they see further improvement in the display division. operatingusiness, profit, it is the biggest driver of profit but one of the most vulnerable to any slo

nbc news chief foreign correspondent richard engle traveled all across china and witnessed firsthandentury super power. he joins us with a look at what he found, next on "morning joe." " guess what? we took everything you love about the bloomin' onion and created a menu you've never seen before. ♪ bloom, there it is! ♪ bloom, there it is! this bloom-ified menu starts at $13.99. and try our everyday lunch combos, starting at $7.99. and try our everyday lunch combos, if you have moderate or psoriatic arthritis, little things can be a big deal. that's why there's otezla. otezla is not an injection or a cream. it's a pill that treats differently. for psoriasis, 75% clearer skin is achievable, with reduced redness, thickness, and scaliness of plaques. for psoriatic arthritis, otezla is proven to reduce joint swelling, tenderness, and pain. and the otezla prescribing information has no requirement for routine lab monitoring. don't use if you're allergic to otezla. it may cause severe diarrhea, nausea, or vomiting. otezla is associated with an increased risk of depression. tell your doctor

stephen engle is here to talk to us about. let's start with politics.political climate is not good either. unnamed officials saying the white house is monitoring the situation, they have intelligence saying that troop movements or soldiers from the theor armed troops from mainland have congregated on the border to hong kong. nature of sure of the that or how many troops there are, or even the source of the situation, other than the white house saying they are monitoring the situation. this would be in addition to the 6000 or 8000 soldiers of the pla who are gary fund here in hong kong -- who are here in the garrison in hong kong. keep in mind, back in 1987 when we had the handover, it was a stormy, rainy day just like this, when we saw the troops come across the border into hong kong. we have not necessarily see the public, and the mainland officials have not said they are going to do it, but they say that it is within the scope of their abilities to do that under the basic law. but they so far have not. rishaad: the show will go on at the statistics of

paul: chief north asia correspondent stephen engle in china and david tweed in hong kong.e will have more on that situation in hong kong throughout the show. the author of the coming collapse of china will join us to discuss with the past 24 hours say about the chief executive carrie lam. shery: investors wave a trade truce on one hand and a global slowdown on the other. we look at one investment playbook next. this is bloomberg. ♪ paul: counting down to the citi open, about one hour and 40 minutes away. futures pointing higher by one third of 1% after a very positive day in the u.s. markets. i'm paul allen. shery: i'm shery ahn. you are watching daybreak australia. stocks rallied to all-time highs after the trade truce with china but they finished well off highs on the day on signs of slowing growth. su keenan has more. who can blame them given the global factory numbers were great? su: manufacturing numbers a focal point. it underscores what one strategy said which is there will be a rally off the trade news that we go back to regular concerns of the market. what you wil

so see,an engl we can get along and venus williams pairing wi prince george's county's own ari aris tiafaco gauff back in action, taking on robarakova. coco serving in the second. check out this backhand she yelled out, come on. to match point we go, barakova hits it into the net and gauff straight set winner. 6-3, 6-3, becoming the youngest woman to reach mlb's third round since191 -- wimbledon. >>> arlington, virginia native taking on novak djokovic. kudla, check this shot out. beautiful drop shot, right? joker in trouble. goes between his blegs. ah kudla gets it in. here's the deal. top seed is a top seed for a reason. sojoker winshis one in straight sets, he goes for back-to-backimbledon titles and his 16th grand slam. >>> for some fourth of july represents day to celebrate america's independence. for others it's a day to celebrate independence from sensible nutrion. nathan's hotdog eating contest goes down tomorrow. joey chestnut a huge farite to repeat and a local favorite is a former chemistry professional turned professional eater. chestnut last year ate 74 wieners. we started tal

thank you very much well cricket's is it getting ready to make some history on wednesday engle and in a test match for the 1st time caps in what import a failed is described the match at lord's as the pinnacle for cricket on and achieve test status in 27 saying they've lost both that matches so far at home to pakistan and away against afghanistan. look it's right up there if not they plan to go for everything has been achieved of us while so there is cricket so you've got quite a few war cops on the belts little things like that which are being not little things but to be in pretty vacations but obviously you get into test cricket and then the opportunity to play here the home gets pretty special thing. as for england opening batsman jason roy is set to make his test debut after his exploits at the recent one day world cup england's record test wicket sake of jimmy anderson well he's been ruled out of the calf injury so work has always starring will make his 1st appearance captain joe root hoping the team can capitalize on the feel good factor of becoming world champions we can be bet

stephen engle we have been watching these things unfold. seemingly agreed to between precedence xi and trump. what do we know about this? >> well, generally speaking, here at severed davos the reception has been quite positive -- not only in osaka for the g20 but also where yvonne is in the korean peninsula. but again, it's a fragile truce between trump and xi, because the tariffs are still in place. that is what the business people behind me want to know -- how long and how deep is it, and will we be back to square one if things turn sour again question >> there we go, and we will have more from this later. we will be talking to the head research, andomic with victor to, you don't want to miss that. beijing tover to join tom mackenzie for the first word. >> thank you. opec and its allies are closer to extending production curves into the first quarter of next year in the face of weakening global demand and searching u.s. shale output. russia and saudi arabia reached a deal on the sidelines of the g20 to roll curves over for 6-9 months, and

steve engle in hong kong, great analogy there. let's talk to janet lewis in tokyo.es head of show other research. we are talking about dieting for nissan, but other points steve made earlier, talking about rock bottom as well for nissan, are we there yet? >> possibly not. nissan isoblem for its product cycle. it has got a very aging model mix. it is launching new models, but they are primarily sedans. sedans don't do the same volumes that they used to and it needs some suv like truck products. that does not come until the next year. a could be another tough year as they adjust production levels to make them more appropriate to market demand. shery: when it comes to the different regions where nissan is seeing challenges, where are the worst areas, and where they performing better? >> the key problem is the u.s. market, where the back of a truck in the market which is 70% light trucks is a problem. the u.s. is probably the biggest market where they were pursuing volume using high incentives relative to competitors and high sales. those are the areas they are trying t

around the rest of the countr you' see we have plenty of sunshine in the northeast, on intoan new engl on into the southeast as well. the flood threat from there ants of barry. southwest heat will be building and building across the rest of the country. but in the meantime, we'll get into your local forecast coming up in the [alarm beeping] {tires screeching} {truck honking} (avo) life doesn't give you many second chances. but a subaru can. (dad) you guys ok? wow. you alright? (avo) eyesight with pre-collision braking. standard on the subaru ascent. the three-row subaru ascent. love. it's what makes a subaru a subaru. >>> well, we have nice conditio out there right w. plenty of sunshine as we continue through the day. blue skies, and again, it's urally comfortable out there. o way to the upper 80s for a daytime highto y. that's about normal for this time of year. what's not normal is theow humidity. enjoy today. it rolls back in overnight. so 89 degrees today. we're dry. chances ofrain, small ones, return late tomorrow night. >> tha ls yourest weather. savannah. >> thank you. coming up

. >> let me bring robert engle. what are the facts, as you know it, as they're laid out in this report? >> reporter: well, frankly, if you were listening to the first half of the testimony, it will be verdifficult to know what the facts were. i think that what we heard for the last several hours was completely confusing. you were hearing it presented in very partisan ways. the special investigator, or former special investigator, seemed not to know always what his answers were, not to hear e question. the you were listening to this and hoping that you were going to get a dclear,matic narrative on how the russians interfered eth iioleensct a tri down o even stop that investigation, which is laid out quite clearly in mueller's written report, you certainly didn't get it in the last l hours. now, we may hear for specificallies aboy specifics pant what russia diddo, becau that seems to be less controversial, less political in a domestic sense in the united states, but if the pas performance is a judge of what we're goin