eunice yoon joins us. eunice. >> thanks so much, wilfred.he stock markets here have brushed off a surprise decision by the msc i. even though many investors here were sorely disappointed. in a runup, the chinese union was building up expectations that china's stocks would be included in the premier market. but they decided that the stock markets over here weren't transparent enough to warrant inclusion. this is what the msci had to say. >> there has been a great pickup in changes being implemented by the chinese authorities. if we count on continued momentum in terms of changes, the issue could be resolved relatively quickly and if they are to the satisfaction of individual market participants then nothing would hold back the inclusion of the a-shares into our emerging market index. >> reporter: and in the past couple of weeks, the chinese regulators have been really trying to address many of the concerns of the msci. curbing trading suspensions, for example. or widening market access for u.s. investors. but still, foreign investors have jus

let's go to eunice yoon with the latest. >> reporter: the u.s.retary is in beijing for the economic and strategic dialogue. he described the corrosive impact on the growth as well as the global markets. china has excess capacity in a lot of companies including steel and it has become a trade issue between china and the trading partners including the u.s. who have long argued that china has been dumping some of the excess capacity onto the world markets, distorting prices and potentially impacting their own domestic industries. now, the chinese officials in response have said that they are pushing ahead with supply side reforms. in fact, lew's counterpart shot back saying the u.s. policy and fed policy is also creating many uncertainties for emerging market economies. now, on the other hand, secretary lew had also been downplaying the, what has become really a standard complaint for washington about beijing. then a is the value of the remnan b. he said the u.s. would not be critical of china if they were to allow the currency to fluctuate. now on

our eunice yoon joins us live from shanghai. >> well sh, thank you, scott. iger described the park to me as a booster rocket for disney's business in china, and the company has reinvented the park for the chinese. if you come here, you won't see all of the traditional lands and no adventureland and no main street and no rides such as it's a small world or space mountain, but it is more attractions based on disney's new franchises as well as the new movies such as tim burton's 2010 alice in wonderland or tron. y iger says he is optimistic about the opening, and that is despite the economy. >> we are building something to last forever, and when we make a decision to invest at this level, we don't pin that decision on one time economically. we think long term about the market. we take the long view, and so whether it is here or other parts of the world, current or near term economic circumstances or the political circumstances or whatever, typically don't cause much aingeb xiety with us. >> and disney has been running the pretrials, and iger says that so far th

. >> and disney's latest park in shanghai officially opened today, and eunice yoon has the latest. >>his is a big day for disney, and tens of thousands of visitor came here to shanghai disney today, and this is is an important moment for the company. bob iger, the ceo said that he hoped that the park would become a booster rocket for the company in china, and as people come to the park and get more exposure no the brand and the characters the new ones and the old ones, that they want to go home the buy more tickets to disney movies and more products from the disney stores there. is reason to believe that disney's big bet could pay off, and that is because the company estimates itself that 330 million people live within a three-hour radius of the park, and they can travel here by car and train and they can also afford the take a vacation at this park. so far, if you believe what many economists believe which is that the chinese economy is going to continue to march on and grow and expand, and the incomes will rise, and the household spending is going to be taking up a larger part of th

eunice yoon at disney with bob iger. what do you think? going to be an interesting exercise? >> it's gotten delayed a couple times. it's been in conception much longer than under construction. eunice mentioning it's the newer franchises that are really at the fore, which has to make all the sense in the world, buecaus i think the parks have never really been as important in terms of cross selling and re-selling the movie franchises. i don't know that the chinese people would have the turn of the century small town america thing. >> adventure land in china probably wouldn't make a lot of sense. >> harkening back to walt disney's kansas childhood. >>> when we come back, art cashen on what to expect from today's trading action as we count down to the opening bell. one more look at the premarket. it's been in the red most of the morning. more "squawk on the street" from the nyc straight ahead. ♪ using 60,000 points from my chase ink card i bought all the framework... wire... and plants needed to give my shop... a face... no one will forget. see what the power of points can do for

eunice yoon is there with more. eunice. >> thank you, kayla. today was a big day for disney.ens of thousands of visitors came to shanghai deznyland and the to give you a sense of the crowds, the average wait time outside of the park to get in was two hours. this is an important moment for disney, and the ceo bob iger told me last week that he hoped that the park would become a booster rocket for the company's business in china. the idea is that of course as the people come to the park, and get more expose sure no the brand as well as to all of the disney's characters, they could eventually go home, and end up buying more tickets to disney movies, and also buying up more products from the disney stores. there is good reason to believe that disney's big vet could come to fruition and the reason i say that is because the ads from disney's own estimates 330 million people live within the three-hour radius around the park who can travel by train or by car, and also who can afford the take a vacation at this park. and if you believe that the chinese economy is improving in the long

. >> and now, our eunice yoon is there in shanghai about the opening of disney in china. >> well, disneys running pretrials, and he says that they have attracted half a million visitor, and yiger says that he is feeling good what is coming up next, and how important the park is for disney's overall plans here. >> clearly, we will serve as a booster rocket for people's appreciation of disney, the knowledge that disney is in fact universal in appeal to people, and the appreciation, and the knowledge of the characterers and the stories. and immersive park experience the disney way is something that people will remember for the rest of their lives. that goes a long way not just in terms of word of mouth, but for people's passion for our brand, and everything that it stands for, and everything that bears its name. after the interview, iger took me on a roller kocoaster ride called tron which is an entirely new ride for disney, and it is based on the movie, and you will go on the bikes and then speed around in the tunnels, and he said that it is important for disney to put state-of-the-art tec

our very own eunice yoon has been at the park all day and she joins us now. >> it was a big day for disney of thousands of people came to the park and overall people were very excited by what they saw. the ceo, bob iger, told me last week that he's hoping that this park is going to become a booster rocket for the company's overall business and that the open eventually is that people are going to like what they see here and they're going to like those brand and all the characters and eventually buy more tickets to disney movies and buy more products at disney stores. this is what he said earlier today at the opening ceremony. >> today is a celebration of creativity and collaboration. commitment and patience, a triumph of imagination and innovation and a testament to the strong partnership between disney and china. >> and disney said that not only did they receive congratulatory messages from the u.s. president, but also from the chinese president, underscoring that important relationship between the u.s. and china. now, there is reason to believe that it is going to be pay off. disney said

eunice yoon got a sneak peek. >> reporter: this was a big day for disney.ens of thousands of visitors came here to shanghai disneyland today and just to give you a sense of the crowds, the average wait time outside the park just to get in was two hours. this is on a important day for the company. the ceo told me last week that he sees this park as a booster rocket for the business here. he's hoping as more people come to the park and get more exposure to the disney brand and character ors, eventually they'll go home and want to buy more tickets to movies and more products in disney stores. there's reason to believe that this big bet by disney is going to pay off. the company believe there's are 330 million people who live within a three-hour radius of the park and can travel here by car or by train. and also who can afford to take a vacation here. if you believe, as many economists do, that the chinese economy is going to continue to grow and expand especially in the long-term, that incomes will rise, and that household spending will take up a larger and la

eunice yoon joins us. eunice, that is a decision in the past and analysts that we speak anticipate it might be added and that would in turn call for more global demand for some of these stocks. what the the fallout? >> absolutely, we did see, as you guys were talking about, the stock markets shrugging off the msci's price decision. but there are many investors here. that's because of the runup in the decision, china's meeting pumping up the expectation that china's domestically traded stocks are going to be included in the premiere index. but the msci basically said that they didn't believe that the markets here were open and transparent enough to warrant inclusion. of course, over the past cub of weeks, chinese authorities have been hoping for a different answer and they've really been trying to address concerns of the msci. they've been curbing trading, for example, and widening access for foreign investors. but the problem is investors still don't feel comfortable enough by what they see as constrained a

eunice yoon how to much. >>> the country in crisis.ne opposition leader has a plan to turn it all around. that interview is next. >>> i was reading how they are attacking trucks on the way into the ports, that they can't even make it into the cities now because the road to get there. >> really are free when you have socialism. amazing. >> clearly this is a country on the brink. believe it or not the parliament is controlled by the opposition but the -- to what people believe are senior anti-democratic measures. there's been a movement for a recall referendum of the president. -- have been trying to push a vote a national referendum immaterial's been thwarted. this comes as john kerry just yesterday says he also backs this referendum and the dialogue with venezuela. i said to mr. vek owe, listen, from o outside what we see on the ground t only thing we think might happen there is military kups. is that possible? >> military coupe could be a disaster in venezuela. we don't want to get to that point. and that is why we are pushing so fast