eunice, let's kick off first of all with mr. lew an his trip. every time a treasury secretary turns up in beijing, he talks about the strength of the currency. what the chinese government has done is gone into the markets, to make it clear that the u.n. is no longer a one-way bet for the markets. what is the direction of travel? >> so far, what u.s. secretary -- u.s. treasury secretary jack lew has been doing is really sending a cler and consistent message throughout his meetings. he is meeting with the premier. he also earlier today was meeting with other senior chinese officials. the main message is this, that he believes that china should speed up its economic reforms especially when it comes to the currency. now, for many years, as you were talking about, for many years, bay sjeng has been heavily

eunice yoon, cnbc, beijing. >>> let's give you a look at what's on the agenda in asia tomorrow. china's industrial profits for the month of april will be out. we may get an idea on whether china's slowing economic growth is taking a hit on the bottom line of state-owned companies. meanwhile, india's new ministers take charge. more clarity is expected to emerge going forward and as thailand continues under marshall l-- martial law we trak the impact on the economy and the markets. >>> a mining producer is seeking to develop the tenth largest mine in the country. the ivory coast project is fully funded and is expected to extract goal at $700 an ounce, making it profitable at current market prices. what are the risks of investing in a country that has seen two civil wars in less than a decade. i have loads of questions.

eunice is in beijing. eunice, good to see you.very difficult with these stories because there's always a line that each government has to put out. one wonders whether that actually means anything in terms of the official relationship or the unofficial relationship being damaged. >> right. i think it's difficult to say, just because as you well know, these two countries are economic partners and so going forward, they will want to continue to cooperate on several different issues and try to move past this at some point. but at the same time, of course we know the nature of this relationship has been changing where we are seeing the u.s. and china over decades i'm talking about, becoming more and more competitors in several different issues. that's really what is at the heart of these accusations and one of the reasons why so many people are looking at it so closely. the u.s. justice department identified five chinese military officers and what was interesting about it was it was so specific in nature, we've heard these accusations

eunice is with us. can gsk draw a line after this issue or are there likely to be further ref layings? >> it's difficult to say at this point. a lot of people were very surprised by the results of this investigation because of the fact that the company had been cooperative with this investigation and even today at that briefing of the public security ministry, one of the officials said that gsk had a responsible attitude throughout this investigation. so people are very surprised and wondering just that very question. how, what we know so far is that the chinese police have charged gsk staffers with bribery. they said at the conclusion of this ten-month long investigation that they found that gsk sales staff bribed hospitals as well as doctors in helping to raise revenues for

that's eunice's report. line from hong kong, global imagining partner at ernest and young. good to speak to you. >> good morning. >> if institutions decide to invest in alibaba, is this the best way to play the e-commerce market in china? >> i think you're buying a whole portfolio of things, this is amazon, ebay, paypal, all rolled into one. so it's probably one of best ways to be in the market. in terms of value, it's really going to depend on the price as to whether this is financially the smartest way to be in the market but in terms of exposure to that segment, absolutely the best way to get in. >> it dominates its business. does it have any significant competition in any of those areas? >> in the online shopping, there's a company liked j.d., it's a lot smaller. and that's going through the same market process as well. so you know, we're talking something that's fifth or sixth of the scale of alibaba in the space. >> the potential for growth here in terms of -- i suppose consumption penetration rate in

eunice is in beijing. how receptive are the chinese going to be to jack lew's comments here? they are exporters to keep happy. >> that's right. it's a really difficult balancing act that the chinese authorities will have to manage. because on the one hand they do see the need for economic reforms but on the other hand they had terrible growth figures that, you know, came out today, the april figures were looking really bad. so you see a situation where jack lew is coming at a time when these chinese officials are going to have a lot to deal with. now, in terms of his visit, he did have a packed day with senior chinese officials and his message has been skin the, that is that he was hoping that beijing would speed ahead with its economic reforms, especially when it came to the currency. the currency has been an issue between u.s. and china. china has been criticized for its currency policy which many people believe was set lower to give exporters a boost. the issue has come off the table because the chinese

eunice euan has more. rochester as one of the first acts as u.s. ambassador to china, max baucus is trying to rebuild america's infrom structure. >> the united states is more than opened for business. we would like foreign investment, in this case chinese investment. >> reporter: to stay in by a jenning, the former senator from montana is wooing investors and matching them with investors from arkansas, massachusetts, washington, d.c. >> america really needs the repair its infrastructure, roads, highways, businesses, airports, need to be results in many case. we know that. that frankly means a huge opportunity. >> reporter: baucus' push is to ramp up infrastructure for long-term economic growth. because of concerns about rising deficits, that spending has been limited. the u.s. chamber of commerce believes private money, including from china, can gill fill the gap. it estimates america needs at least $8 trillion to modernize transportation energy and water systems through 2030. they haven't been upgraded since the 1950s. >> given our projections of

>> thanks for that, eunice. more to come.ll keep you updated with events out of beijing. >>> also still to come on the show, after two years of losses, growth is on the horizon. we'll get more on the company's restructuring plan. [ female announcer ] there's a gap out there. that's keeping you from the healthcare you deserve. at humana, we believe if healthcare changes, if it becomes simpler... if frustration and paperwork decrease... if grandparents get to live at home instead of in a home... the gap begins to close. so let's simplify things. let's close the gap between people and care. ♪ >>> you're watching "worldwide exchange." >>> sony's ceo has come out swinging after six out of seven year losses. he says this is the last year of sony's restructuring. joining us with his thoughts is senior analyst for consumer tricks at euro monitor international. >> good morning. >> this surprise being fairly upbeat. is it justified or not? >> i think it's a little early for that much optimism. if you look at their forecasts for some of

eunice, thank you very much. eunice yoon in beijing. we'll be talking with her again soon. great to see you. >>> there's a lot of debate about alibaba. we should have that debate on the set in the next hour. >>> in the meantime, "forbes" calls him one of the most powerful ceos under 40 years old. he's from endurance international. he sees a vast market of small businesses in need of online help. we'll talk to him when we return. i always say be the man with the plan but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to yo

let's go to eunice yoon in beijing. this is a big story here but i imagine it's an even bigger story where you're standing. >> it's a massive story over here. china is warning the u.s. now of retaliation. there were several government departments issuing separate statements about these charges. the foreign ministry said these charges were absurd and they said they were fabricated. the defense ministry said these accusations would hurt the military-to-military relationship between the two countries and said they have ulterior motives and even the internet office, an office here that governs cyberissues said that the u.s. is a thief that just is calling others a thief. in other words, they are saying that the u.s. is one big hypocrite. because from china's perspective, america is also guilty of cyber spying. the difference that the u.s. government has been trying to make between cyberspying in order to steal trade secrets versus plain old-fashioned siper spying government to government has been lost on a lot of the people

eunice, thank you very much. eunice yoon. >>> stock market posting solid gains on wednesday after word that the fed won't be hiking rates anytime soon after all. and despite the many calls for a correction, some analysts say the market may already have correct. it's sort of a sideways rotational correction. our next guest says he does not see this big correction happening just yet. here with us now to make the case, james paulsen, chief investment strategist at wells capital management. thanks for coming in. the other day i looked at my iphone, if i hit up stock prices, the market was up 150. at the bottom it has the news associated with the s&p. it had gartman says we're already in a correction! it was our own matt belvedere writes these things from what happened on this show. i thought it was actual news when i saw it. i read it and went wow, what a bad day to say that it's -- he switches quickly. >> he does move quickly. >> maybe he'll change. we've been posing the question that internal rotation in some of th

the terrorists losses she has clarified its only known me and eunice and on ukrainian troops and against tommy this cd captured by the occupants of the development of events during d day in the study. it was to breaching his duty in progress. this would ask him to muslims. i want useful to begin due to forces to keep all the twelve checkpoints this lead to premature and talented. aye. as you work eight. we have will the couple won a trial although i'm not in the olive to watch and used in the darkness of this eighteen yet still going to add to the opera team to do with the local school. come to our dying in tn hours all day and futuristic operation. the end i. the so what's the difference is to defend the use of the gst. don't you listen to it crossed the state court records. i wanted to go to sleep. under pressure from other religions or two to begin teaching defends its worth it. it's horrific truth to what i want to care. between two major bridges fall for michael said the detention of operation ukrainian government is that the sec ones. which is taken to you. i was sick she was attac

>> all right, thank you, eunice. eunice yoon in china. when you watch from afar, what you don't know is, are they really trying to stamp out corruption or is there a political vendetta against someone in particular? this whole move by china at the moment to stamp out corruption in so many parts of the economy, still, you feel like there's a political agenda eliminating enemies. >> yes. you would have to think that over there, one man's corruption is another man's -- >> bread and butter the way it is. exactly. for so long, decades now. >> i was right about the marks brothers. zeppo was also known as gummo. >> who knew. >> it was way before my time. i want to make that clear. >> chico, harpo, groucho and zeppo. >> you need an alternate. like a jury. is somebody sick? >> carl would be the fifth. >> karl marx, not karl rove. >> there's only three they show. the fourth one wasn't funny looking or anything. the other three were distinctive looking. >> what do you want? can't a man have privacy around here. >> now you know the joke. >> tell me a

cheers to that used to put the beads too aunt eunice and it crossed the six four checkpoints along the river or sea. under pressure from other religions for two weeks to begin teaching good friends with that. it's where it was nice to see what tokyo japan between two major bridges fall for the radio said that and you're a operation that ukrainian government has said wednesday. which is to lend to you. i was six or was it checked. that means don't you the closest window. my middle son was welcome janice and help us with a woman. i believe. we'll put it to received it. and you're interested. religions have led to greater harm and was kindof i was in was more than infantry and at target. in particular grain into one chest and anti aircraft missile systems produced in a russian federation. they managed to shoot don't have the carpet. we made it all in the cortez which was supposed to connect me to want a total of one dollars and while it was delicious too. i don't have to admit that he had been made. i'm in total some of my life. the ball. i've got. in his old car is also into just two rec

aunt eunice and it crossed the six court records i wanted to sleep. under pressure from the religious institutes and began teaching his friends included. it's where it's due to disputes with tolkien. when two major digital radio said that into a operation ukrainian government has said wednesday what are we just did it to you. was he too was attacked that means don't you. woven closest. one minute or so is welcome the journalist and help us with a woman. i believe will put interested in. which has led to greater risk it if i was in was more than infantry and add to that particular granted to the entrance and anti aircraft missile systems produced the russian federation. they managed to shoot don't you think of the food and medical helicopters which was supposed to be the one to two of what was the mileage was delicious too. what a pita the unit. i'm going on. i'd like. i got out. most of time to just two recent addition to her all through the enrichment of four helicopters that will teach you that was sure it was pointless to defense system in which to

eunice yoon, cnbc, beijing. >>> let's give you a look at what's on the agenda in asia next week. asian markets will be keeping an eye out for official numbers. we get hsbc's final reading of china's pmi on tuesday. the reserve bank of india and australia come out with their rate decisions next week. >>> goldbergs look away now, despite unrest in ukraine. the price of spot gold looks set to record its worst week in two months. the associate director of research at etf securities joins me now. simona, where do the china figures feature in this right now? we have an import at 18-week low. >> that's part of the issue. we think the main issue for the gold drop in price is manly that investors have become less defensive. so despite key risks remain out there and the ukrainian situation is far from being resolved. investors are more optimistic and prefer riskier assets. we had seen a rally in equities, for example. obvio obviously that counters with a upon performance in the gold price. wee seeing the dft less defensive and that's the reason why gold price has dropped quite substantiall

hi, eunice, she has that for us. >> hi, carl.ve charged gsk executives with bribery after a 10-month-long investigation. the authorities at the public security ministry have said that they found that sales staff and gsk engaged in bribery of hospitals and doctors, raising revenues for the company to the tune of hundreds of millions of dollars. now, the authorities singled out the former china chief, a british national named mark riley. they say that riley ordered staffers to take part in a massive bribery network. now, all day today, we've been watching the state tv and several of the chinese staffers of gsk have appeared in orange jumpsuits. it's been quite a bit of parade. they've been confessing to these crimes, telling the viewers how they conducted these bribes, and, in fact, there's one staffer who actually accused riley specifically saying that he ordered hr and finance directors to destroy evidence in a -- during a crisis management campaign. now, the company itself has reacted. it's put out a statement about the investig

. >> thanks, eunice. the alleged spying goes on on both sides.move on. >>> we'll leave you with a look at how the u.s. futures are trading ahead of the open on wall street. i'll get my false teeth back in. see you after the break. >>> welcome to "worldwide exchange," i'm julia chatterley and these are your headlines from around the world. >>> an apple a day doesn't keep the doctor away. the u.s. tech giant finally puts a $3 billion bid on the table for dr. dre's head set and music streaming business beats. >>> gdp for the first quarter is expected to be downgraded with the first numbers due later today. >>> more info from alibaba, the chinese internet giant reportedly expected to reveal the names of 28 people who will control the company after its ipo. >>> and think like a freak. the author of the hit book "freakonomics" tells cnbc that quitting your job is a good thing. >> we find that the experts, the people that we most revere, pay the most, are generally about as good as a monkey with a dart board. >>> you're watching "worldwide exchange," br