nobody knows the mud flats around the north sea island accused like hina there and his father before him was also a mud flats guide and whenever he was ill hina had to take the first time was when he was just eleven and that was almost six decades ago. all of them are now if you look back there you'll see a whole sticking up on the horizon you see if that's where we're headed it's going to be interesting. they walk nearly two and a half kilometers out on to the man flats. above the water's already rising we have to make sure we arrive on time and go on. to high no one sees guests to save at this strange place and see how fast everything changes there doesn't see that this is the one sees deepest point. in the time it took us to get from back there down here the sea level has risen about forty centimeters back there you can still see a little patch of the mudflats that was visible as a much larger island theodore's. if we were out there on it now we'd be entirely surrounded by water. now the water is pushing in our direction we'll probably see another hole with the horizon has changed

when you talk about the administration's dealing with hina on z.t.e., do you connect those issues, these are some of the broad array problems with china? ms. pelosi: i think there are a broad array of concerns we have about china. as you probably know for -- well, at least since tiananmen quare but probably before, i had concerns about china in three areas. the -- certainly the -- our trade deficit with china which is enormous. the lack of market access to our products in china. the sale of missile technology to pakistan and other places on the part of china as well as their human rights violations. at the time, china -- we had $5 billion trade deficit with china, annual, $5 billion trade deficit. i thought oh, my goodness, we can use our leverageo fr the prisoners of tiananmen square, to gain market access and to stop the proliferation of missile technologies where they shouldn't be going. i could win the votes on the floor. i could never override a presidential veto when we talk about china trade. you know the -- and people said, you have it all wrong. you should let peaceful lay it ou

happens, and if you have hina pushing against tech c.e.o.s, like apple.hey'll go to the contact white on beijing bby ehalf to a degree, because theyant tension to subeyed. stone fish and brad, thank you, we'll condition to follow elon mausk had days to make out on his pledge to pump 5,000 tesla distance. how will they how will they accomplish this? a giant tent the size of two football fields. the canopy an assembly lines to create model 3s. musk called it pretty sweet. critics are not impressed. coming up, oousher gets a win as the london trial begins. what it means on its fate to tens of thousands of drivers ext >>> and if you blik julius bergman news, check us out on website. and this is it bloomberg. bloomber ♪ emily: uber's long-term desire to operate in london may have the london from transit authorities, moves to rotect passengers and driver appeared to apiece transport for ondon reducing a big hurdle to operations. it coincides with the start of a tsl's in london over reversal to extend the permit to capital.n the u.k. i want to bring in carrio li

washington is finalizing a deal to call on china to resume -- c hina's zte to resume purchasing frommerican suppliers. main opposition party has proposed a plan to stay in the european union single market, which could nudge the country are keeping close to the block after brexit. jeremy corbyn put forth an amendment to make's flagship brexit plan to be voted on next week. maglobal news on air, 24 hours a day and at tic toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. euro is spiking rights now on the back of comments b's chieft of the ec economist in berlin. he is talking about the asset purchase program. bloomberg talked about how the meeting on june 14 in latvia could discuss ending that program. the gap is something we will talk about. on ending this program ultimately hinges on inflation expectations. has a single mandate, and that is inflation. also, he is saying market expectations have wane you can have ve getting -- waned. you can see the move getting as a resulof the single currency. takingne meeting is place in luc

the tally russia taking the prize and .hina also as far as the eu is concerned, they actually removed barriers. that is more than doubled clinton 2016. interesting. the market close is next. butave stocks on the rise, moderating their gains. this is bloomberg. ulia: "what'd you miss?" stocks and the session in the grain. wtiey g.i. back above -- back above $100 a barrel. joe: if you are tuning in live on twitter, we want to welcome you to our closing bell coverage every weekday from 4:00 to 5:00 p.m. eastern. julie: we begin with arkin its. stocks finishing in the green, but a smaller game than we saw earlier in the s&p 500 cutting its gain by more than half. on thestocks did gain session. consumer energy stocks also strong. tech bouncing back to some degree. consumer staples and health care in the red, offsetting some of the gains as the day went on. let's talk about some of the individual stocks on the move. we talked about ge quite a bit today. finally, positive action as the company gets out of the health and oil business, a more dramatic step in the slim down being clamored for f

escaped with na her government to britain and indies and their colonies south of the south hina sea had a pretty significant service force of cruisers and destroyers. nations were l fighting against one opponent, together a obbled unified command americans, australians h and and put a british general in charge of it. well, the naval compone of hat, the abda strikeforce was commanded by a dump admiral carl dorman who fought several battles against the japanese. them but they were desperate teammates to slow down juggernaut. i think americans often overlook that. i think the role of the canadian in doing a lot of escort duty over the north atlantic in tiny flower class cos, s small they were than 1,000 tons, 900 tons like corks in nd the ocean, you could hardly get sea sick hout getting but they carried a lot of the urden of the escort duty and that is unsung work. we remember midway and leyte iwo jima but the dutch navy, canadian escorts and others like that sometimes don't get the credit they deserve. i tried to give them that in that book. responsive that is to your question that's wha

trump early in the week when he gave an interview and said he was going to be taking tough action on ,hinan it comes to trade but of course that does not help the global economic picture. he appears to be defined -- defying the warnings of the imf about what this may due to the global economy. immediately we are looking for that chinese reaction. anna: we are looking for the chinese reaction and how they are -- how are they expected to respond? us theyrces have told are going to respond once the tariffs have been announced. tariffs are expected to be soon.ted -- enacted china is going to hit back pretty quickly in kind. frome expecting tariffs china on things like soybeans and aircraft as well. china has said is going to -- it is going to scrap these agreements it has had for the past few months. those will all the next and void ixed and void if these tariffs come into effect. anna: yes, tom i know it is difficult to predict the impact this could have on china's economy. is its retaliation of to be stronger given the week at -- weaker data we have seen recently? tom: that is interesting. i

." >> ( translated ): our country sincerely values the good- neighborliness and friendshipth hina. we are proud of the overall achievements in politics, the economy, sence and culture. i look forward to further deepening russia-china strategic cooperation for the sake of countries' prosperity and well- being. >> woodruff: the two leaders also criticized presiden trump's deciion to pull out of the iran nuclear deal, and they pledged to keep that agreement alive. it has been another deadly day of protests along gaza's border with israel. gazan medics say that israeli troops shot and kied at least four people, with hundreds more wounded. at least 120 protesterhave been killed since march. tsrael says that hamas militants are using the prots a cover for attacks. in somalia, a u.s. specialer operations solas killed today, and four others were wounded. the u.s. military says they got into a firefight with al-shabaab extremists, linked to al-qaeda. the group has claimed a seriesav of attacks, g 150 people dead in the last two months. in austria, the conservative government launched a new

march after decades living with motor neuron disease or joining us now to talk about his legacy is hina falco's a professor of radio astro to me and astral particle physics is via skype from cologne in jamie thank you very much for being with us so stephen hawking's fois being sent into space into a black hole more precisely can you explain to us first what exactly is a black hole. well a black hole is literally a hole in space and time the end of space and time in a way with a lot of mass action if you compress the earth to two centimeter negro taishan attraction will be so strong that even light will be attracted and disappear for ever in the black hole so everything you would see that you know you target will disappear in a black hole never come out again so this voice and i mean just in the sense is basically disappeared well actually it will go into space it will actually fade out i think very few photons of that message will actually arrive at the black hole so in that sense it's more symbolic act now not long before he died stephen hawking said it's dangerous to send messages int

this highlights high-end competition, talks about competition, particularly with russia and .hina we will start with general walsh, start there and mov do >> i think the challenge, as we , after many years of fighting counter insurgency in iraq and afghanistan, the national defense strategy russia andused on china as major strategic competitors, not just from a military standpoint. b nss also focused on it strategically. wh dor us, part of the naval force, it really grounded with our title x responsibilities and how we would look at long-term strategic competition as of the globe. i think that the opportunity there is to get back to our navy roots. we are working with the navy and partnership. that has been very exciting forces.he i am also cochair of the naval board. onre's a lot of things going cno and the commandant to bring the forces together. be i would say that would the main part. i would say the excitement of that opportunity. the other opportunity -- and it is a challenge -- is where we have been with our investments over the last 16, 17 years. that has been a real challeng

that has led to a surge in hina of dollar junk bond yields.h us in a moment, the director of china marketsed a road yum group. what do you make of this? >> this is ultimately relled to the expansion of the financial system as a whole and the banking system quadrupled in size between 2008 and the present. there is little credit risk in most of those assets as it expanded. more defaults are probably on the way. based in the leveraging program whs been very significant in its impact. beijing's deleveraging campaign has done two things. it has reduced the overall credit impulse in terms of overall bank asset growth has fallen from 16% to just above 7%. a significant adjustment. more significantly for the corporate bond default story redirected credit growth from corporates to households. households are generally where you see stronger demand at present. which appearance in the first time you have this significant adjustment in the overall pace in credit growth in china. as a result you have corporates that are seeing declining assets to working ca

he was saying that these terrorists could backfire. .hina's tariffs on the u.s.ne possibility is that they might get mad at trump, but they might get mad at china and come even closer to donald trump and vote him back in. what are your thoughts? >> i think the people are ready support trump and they are already nodded china. -- mad at china. the longer this goes on, the more anger there will be. there will always be blame against china in the u.s. for this type of activity. the economy as a whole gets disrupted enough that people say that they trusted the president, but why is he doing this? maybe we will not vote for his party in november. this has to escalate quite a bit. wasn't the take to escalate further, for this to quickly ramp up from the 52 -- the 100 they are considering right now? do you have to look at what is going on in europe as well? >> the real major escalation possibilities, which would be real problems, which would be the 100 billion. there might be a tweet that says tweet that says 100 billion coming, but that does not mean that it will go int

on --hina shionogi hinged your china strategy in sean cafe.olumes and there is more passenger flow directly from the mainland to the destination. do you see adding chinese character -- a chinese character -- chinese carrier? rob: what i will say is they are amazing partners in a have a high-quality airline and one of the founding members of oneworld . we are anonymously far from our portfolio. the other point i make is that we are very well represented in china and we have a vast majority of our main characters operate directly into china. another thing to say about oneworld is that we recognize the world is not perfectly rical. have a reasonable amount of flexibility of our member airlines. if you look at our member airlines and the partnership for chinese characters -- chinese carriers as well. a one-stoplways solution. we have to look at multiple options. chineses the entry of a carrier possible with cafe in the mix? rob: i will not comment on anything about specific membership. cafe is hugely important to us. one of the things about onewor

perspective,hina floor say is arch, a advancement, china's need for upgrades.pgrades. which isrenaissance china's one road strategy. china is -- it is one of china's , certaineading sectors health care technology, electric vehicles. lastly, happiness, domestic consumption. written in china's constitution now, people's pursuit for a better life. tv fromtraditional on-demand.vity that is changing the face of advertising and incorporating a lot of new technology, like artificial intelligence. a stock of 96% year to date and beating a lot appears out there. joining us is ceo jeff green. thank you for joining us. let's talk about the growth picture you have been seeing with trade desk. what is driving it at the moment? is a lot, not least of which what you mentioned, users not watching as much tv as they were. it's the same content, but they want it on-demand. it is essentially tv that is connected to the internet. nothing is bigger and connected tv. advertisers are figuring out that making data-driven choices are better than where you pay a rate card or you just gu

methey would always tell there was no reunification if china is not involved. .hina wants a buffer thewaydenuclearization, of north korea, you have to be of the so this isnsula, interesting. a key takeaway is not just at the june 12 summit is set, this is the beginning. >> he is understanding. key issue we need to work on and their way of the rhetoric. lookst denuclearization like to each of these different countries. >> let's talk about trade as well. , robert ient did say had sanctions when we are getting away so long. it is an explosive 24 hours on the nafta front. what are we thinking on the nafta negotiations? >> the white house is watching this carefully as well. to prodident can afford these other nations with these threats. is question of retaliation real. until now the markets and others who were critical of the measured sense, we see a broader effort to coordinate. perhaps eastern trading partners. i think at that point the discussion inside the white house got more serious. a political perspective into the midterms. when you look separately, one thing tied to the sanctions, wit

hina has pushed past japan to become the largest buyer of natural gas.ns in the first -- they ordered millions of tons in the first half of the year. many factories to replace coal burners with gas burners. bloomberg is powered by more than 1200 journalists and analysts in more than 120 countries. i am haidi lun, this is bloomberg. rishaad: haidi is normally with me. look what is happening with japan as we are in the lunch break now. the nikkei closed this morning with a slight loss of 0.4%. >> we are seeing a loss today. energy stocks are trading at 1.2%. benchmark is extending losses after capping the worst week since march 6. automakers are -- to impose 20%s tariffs on cars imported from the european union. is aexpert says that it reason to worry about an investment plan for automakers even in japan. mostly lower but we are seeing swings on the mainland market as well as hong kong. shanghai shares are on the up, gaining some ground after earlier dropping. the heavy focus on the shanghai session having fallen in the past five weeks. the worst losing st

with bashar al assad and kim jong un, i think that you see the other side, this new axis of russia,hina iran being very nervous about this position that kim jong un is in and the fact that he is is sitting down with president trump. neil: you know, it seems to be like a one and done type of event, rebecca, and that could be good or it, certainly, could be a little wanti i m the case one ronald reagan met with gohev, that went on for days in iceland. he we walked away from that when all of a sudden -- he came back months later and they scored a deal. this is just a one-day event technically unl they s it out in singapore. what are your thoughts about the pressure that creates? >> it does create a lot of pressure and, you know, i've been wrong on this before, you know, with what president trump's strategy here. i thought whenever he canceled the summit that it was going to be at least a long pause to get the north koreans back on track, but the north koreans turned and had this other conciliatory letter back to president trump, and then the summit was back on again. so everything is very

we know that our advearies, most notably russia,hina, iran and north koa targeu.s. criticalnfrasture and the erional technology employed icross theector. it's iornt that weolidify d.'s long-standing leadership role paricly with respecto industria conol systems. it's been aleasure working with my colleague,r. bacon, the geneman fm nebraska, on th bill. ink we appreciate his service to the country awell as his contribuons boh in the armed rvice committees and the mend security comttee. likewiset's been a pleasure working with him er the years. with that, i encoure my colleagues to suort h.733 and yieldack the lance y timeful the spker prtempore: the geneman yields, the gentleman from ecognized. mr. bac i yieldyself such time as iay consume. e eaker pro tempore: t gentleman mr. bacon: i want to thank the gentleman for his work on this the russians and chinese are working to be able to attack our energy grid amongst other parts of our infrastructure. we need to be prepared. it doesn't start on day one of a war, it starts now when we have time to prepare. next december 7