eunice yoon in beijing. >> uber recently raised venture capital from chinese investors while a rival in that country is reportedly in the middle of raising close to 3 billion. i thought that was the yankee shortstop. >> it's so good to have you back. >> good to be here. >> i missed you. >>> that does it for us tonight. i'm sue herera. thanks for joining us. >> and i'm tyler mathisen. we'll see you back here tonight. this program has been made possible by... narrator: on this episode of "art and soul," remembering louisiana artist george rodrigue and his iconic blue dog... a day in the life of a prima ballerina... woman: we are all competing for the same roles day in and day out. anybody going out for a part against you is only going to push you to be that much better. narrator: frame by frame, hour by hour -- an artist's stunning perspective on the world around us... 17th century music as modern art form... and... man: i think that sherlock holmes was one of the first superheroes. narrator: mystery and intrigue with the legendary sherlock holmes... it's all ahead on "art and soul." [

eunice yoon in beijing. >> uber recently raised venture capital from chinese investors while a rival in that country is reportedly in the middle of raising close to 3 billion. i thought that was the yankee shortstop. >> it's so good to have you back. >> good to be here. >> i missed you. >>> that does it for us tonight. i'm sue herera. thanks for joining us. >> and i'm tyler mathisen. we'll see you back here tonight. hollar: tonight on "revolutionaries"... schmidt: there was a product that was going to cross the search and ads boundary. and, halfway through the meeting, one of the engineers, whose name was ron, basically took his fist and went wham and said, "that's evil." and the whole conversation stopped and i said, "oh, my god." and so, after a lengthy hour of debate, it was agreed to not move forward. hollar: the book "how google works" goes behind the scenes of one of the world's most revolutionary companies. we get an inside look tonight from authors eric schmidt and jonathan rosenberg in conversation with former googler marissa mayer, now c.e.o. of yahoo.

eunice yoon reports from beijing. >> reporter: the chinese president is headed to the united states atn especially tense time between washington and beijing. the white house is agitated over alleged cyber tacks from china and is considering sanctions against chinese individuals and companies that it believes could be engaged in corporate espionage. china is asserting itself much more in the south china sea and that's raising tensions with american officials who's become much more protective of their key allies as well as the shipping lanes there. the chinese president xi jinping is also heading to the united states at a time when he's appearing much more vulnerable on the economy. u.s. investors have been questioning china's growth and also the government's commitment to market reform. the chinese president is going to start off the seven-day visit in seattle, where he's going to be touring boeing as well as microsoft's facilities. he's going to be meeting with several important tech ceos including tim cook and finally toward the end of the week he's going to be meeting with the u.s. p

eunice yoon has our story tonight from shenzhen, china. >> reporter: from his office in southern chinathis former military officer who would only tell us his code name prince says he heads a 5,000-person team known as the hunker union or red hackers. >> translator: i decided to learn hacking skills after my computer was hacked, he said. after i retired from the army, i thought i could use my skills to continue to serve and love my country. i chose to be a red hacker, to be the personification of justice. china's hackers are a source of friction between washington and bay jik. alleged cyberattacks from china have angered the u.s. which has blocked business deals for chinese companies and is now considering sanctions on those suspected of engaging in commercial cyber theft. the hackers say they work from all over the country but they tend to cluster in hi-tech areas like shenzhen. this city is home to the country's biggest electronics market and it's china's silicon valley. prince denies his group has targeted u.s. companies though he says they have attacked commercial organizations in r

eunice yoon cnbc beijing. >> apple is taking steps to preinvented future attacks. the marketing chief told the chinese news site that apple will make it easier for chinese app developers to download it's tools for mobile apps. the company will list all tainted apps so customers can delete them. >> instagram is taking the social media world by storm. the popular app announced on tuesday it has hit the 400 million user mark. this coming after instagram hit the 300 mark. it posts a bigger user base than twitter which posts monthly active users. i'm still not on instagram so i'm clearly behind the curve. mark zuckerberg says he doesn't think about a service being a real business until it gets 1 billion users. instagram, still not a real service. >> he just has 400 million more than a billion. 70% of their community lives outside of the u.s. of those 100 million that they just added half of that came from europe and asia. so it's about penetration into these external markets for them. >> but i like what gook is doing about having targeted separate apps with different st

. >> eunice yoon, thank you. >> worsening fears of the slow down in china is one of the reasons stocks have been in sell off mode. richard, china concerns amply identified by the recent move to devalue their currency and also that weak manufacturing print that we got earlier this week also raising fears but the question is, are those fears overdone? that us gdp print much higher than expected. the u.s. economy can expand despite the slow down that we're seeing in china. >> so far it's been done in what's come across as a more hap hazard fashion. there's a significant deleveraging going on. there's been a significant amount of credit that a large number of people has talked about and you're seeing a significant shift in flows and the chinese are having to intervene a lot less. selling off their reserves and issuinging liquidity. that is exacerbating a lot of this indigestion so overall it's more the fear and the uncertainty factor than the fundamental issues of the china fears. >> what about the use of the short-term liquidity operations. something introduced back in 2013 but rehe emerg

eunice yoon in beijing. >>> breaking news on uber to get to. >>> on that lawsuit out of california whichdrivers are suing the company to be reclassified as employees instead of independent contractors as they are right now. a san francisco judge has granted the drivers class action status. this is a big deal and stands to have wide ranging implications for the sharing economy. they are suing for reimbursement including gas, vehicle maintenance, mileage and more. one of the big remaining questions is how much this could cost uber if it had to reclassify its california drivers. the price tag is not something that is clear yet. our partners did create a propriety model which they looked at potential cost for payroll taxes and workers' compensation. estimates were 45,000 workers. the number on those two things alone was $209 million. this will be something to watch. >> thank you, kate rogers on uber. >>> the dow falling another 470 points today. our next guest will tell you where you can find some of it and opportunity in this market. tune in tonight to cnbc's special report "markets in turm

eunice yoon has been following reaction from beijing today and eunice what have you seen so far?> well, global investors are probably seeking assurances about the economy here or market reforms, the way this is being played in china is that the chinese media is actually playing up the personality around president xi jingping. for the first time in seattle the president actually said that the anticorruption drive is not being used to root out his political enemies and he said, while he was joking, that the chinese communist party isn't like netflix's house of cards and the chinese media is playing it up saying he has a great sense of humor and they have been focused on his wife. the clothes she's wearing. the fact that he's carrying a chinese branded phone and also later in the week she'll be meeting with michelle obama to go to the zoo and see some pandas but what has been missing from the coverage here is serious coverage of the core issues and that has been one of the big criticisms of the administration here. despite the problems in the market and the concerns about the econom

eunice yoon joins us now with feedback from china so far. >> thank you so much andrew. here in china, the pr machine is in full tilt. the chinese press is full of stories about how the chinese president has been winning hearts and minds in the united states. there's been a lot of discussion about the boeing deal and also about how microsoft will be working with baidu despite security concerns and a lot of buzz about how mark zuckerberg was speaking chinese to the chinese president. >> sounds like we're having some problems with eunice's feed but this is a trip we'll be watching very closely. meeting yesterday with many business leaders here in the united states. he'll be moving on to washington today. michelle was there. >> had an interview with hank. i think that was on tuesday though. >> i saw them talking and then also andrew so she was talking with several of the leaders either on their way in or coming out from some of the comments. >> i want to hear more about the prooif privacy conversations. you saw people there with issue and questions. >> and also copyright in

seema mody is standing by in london but first let's go to eunice yoon in beijing. >> thanks so much.l, asian markets were weighed down about concerns over the chinese economy. tokyo ended the day down by 4%. hong kong lower by 2% and here in china the shanghai markets ended in negative territory. here a lot of people were focused on how brokerages were doing more buying today after the government issued a directive yesterday asking that more listed companies buy sha s shares. also the focus is on the investigation. the hedge fund manager is still missing and was taken away by police and reports are she is insisting in an investigation. the main factor today in the markets was manufacturing data. we had twin surveys showing the fastest pace in many, many years. part of that is the clamp down on the factories because of the people coming up very much concerned about the services pmi as well that also showed that services are expanding at the lowest space in a year. now over to seema in london. >> >> thank you, a strong correlation between oil prices and stocks. european stocks have bee

eunice yoon from beijing.his growth slow down in china she has been talking about has been continuing to spook investors. scott kennedy is the director at the center for strategic and international studies and scott, eunice touched on a couple of different things. you have fears of a slow down and we're trying to figure out how it is at the same time that they're doing moves to try to manipulate the markets. i wonder where you think we stand in this grand experiment at this point. >> obviously the chinese are trying to be awesome plastic surgeons and make sure at least this week the economy and the markets don't fall off but more broadly they have a big challenge ahead in trying to make sure that they can transition to a services and consumer based economy but that's been a very bumpy road for them as the growth has slowed down much more than expected. largely self-induced because they put the clamps on the real estate market last year. the anticorruption campaign has also slowed growth quite a bit so growth i

that's eunice yoon in beijing this morning. >> it means east wind.y we're watching all of these from what's happening in the economy. >> just as they're taking the stage, the second largest economy right now they have much more mite to throw around. >> there's three big things going on. there's the reform and anticorruption campaign and the military reform is part of that. there's the stock market that is, young, immature and mishandled by the government and the deceleration of this economy that's been botched by the people running the economy and his ministers so those are very complicated and very complex. he has a huge job, he's now coming to the united states and all eyes are on china. it is a big moment and the very stability of the country is at stake. >> the anticorruption movement is blamed for why you see the slow down in the economy. >> the wheels aren't getting greeced the way they used to be and if you want to move forward and have a better stronger economy you have to do that by cutting down corruption but it won't be easy to do. >> the