this is something that beijing put out to clarify its position on hong kong's legal status, hong kong'smework. it is what inflamed so many pro-democracy supporters here. that white paper simply saying, hong kong's high degree of autonomy is not inherent, and its leader must be a patriot. what that means is that the next leader of hong kong, the chief prescreened,st be in essence, preselected by beijing. that does not sit well with those who expect one person, one vote, universal suffrage in 2017. to pro-democracy supporters, it appears the central government in beijing is backing away from what was agreed in 1997. >> that has been promised from the top tier levels of hong kong's leadership. how that is defined, what universal suffrage actually means, is really being disputed on the streets of hong kong. we have seen more than one in 10 people in hong kong voting on this unofficial poll. march --tomorrow's july 1 is traditionally a march -- what is the context between what this new driver of discontent is? ofwe see a heightening tensions. july 1 is always marked the handover day. the ann

it should be interpreted that the leader of hong kong must. to pressure from beijing. at issue is the universal suffrage which hong kongers believe we were guaranteed in 2017 by the central government. >> there has been some talk about that. one can argue that is actually the real proposal. >> that has been the central question in 1997 when the official handover from britain to china to raise. will china allow full democracy in hong kong. with this white paper, it appears not. that led to this unofficial referendum on democracy. the polls on that close last night gave 780,000 registered voters believed to take part. >> this referendum was something that is not official. >> it was not official. they ran into multiple challenges, including the ballot boxes, which were bought in china. confiscated by customs at the border. china in particular has lambasted this, coming out and criticizing this referendum. analysts say, listen, this has beijing's attention. it has caught beijing's attention because public unrest in hong kong could lead to bigger social stability issues. tha

hong kong economic journal.s an ad put in the paper by the four big accounting firms. essentially say that they oppose the occupy central movement. they say it is that for business and will affect hong kong's competitiveness. and they say what the white paper is doing is eroding the territory's autonomous nature, etc., etc. >> this is the second piece to this story. this is an ad that was put in or anwspaper by employees employee of these big four 'irms that says your boss statement does not represent our views. >> at the end of the day, it is about people vying for democracy. and we have big business and firms wondering about how it is going to impact their business. make hong kong less or more of a is this investment environment? >> i think you are already underweight irrespective of what is going on. >> we have held for some time an underweight view on hong kong. the reason for that is straightforward, which is that the two main forces that had propelled a very strong improvement in hong kong have been number

. >> look at the reaction, the hong kong market really jumping. the chinese market, the aussie dollar, that is reacting. gains.c that is half a percent difference with the strong reading of the manufacturing base. reaction tot is a pmi. the crucial figure to figure out is data. [indiscernible] china above the gain line. hong kong above the gamelan. and look at australia. those thanks to the pmi. data from china has been high on the agenda for our guests this morning. the economy is generally in good health. fairly broad-based improvement. there was a rebound in output. we saw a continued expansion in export orders and an acceleration in new orders in general. since the economy -- it seems the economy has turned the corner. there will be questions over the sustainability and the general strength of the recovery. >> richard gibb is mccoury's head of economics. he is less optimistic. >> we are not impressed really by the many stimulus and the very targeted [indiscernible] we think it will need to be broad base. >> and more concerned about china's slu

it's vital for hong kong's future to maintain that. there's a lot of worry, not just among the lawyers. there is a threat to the independence of the judiciary. >> the white paper says hong kong must be governed by compatriots that love the country and hong kong. what does that mean. what is chip ha trying to do? >> the people that wrote that paper, they don't completely understand what hong kong is about. but, (b) are playing to a domestic audience. if you put together what is happening on the white paper along with china's aggressive stands towards territorial disputes with japan and the philippines, it's about playing to a domestic audience and hoping that nationalism, patriotism will get them over the bumps in the economy. >> david speaking to my colleague. ahead on the programme. >>> 70 years on, thousands who died in one of the bloodiest battles of world war ii are honoured as heroes. >> i'm in qatar, and the sand dunes around me were not here. why sea water is encroaching, making thousands homeless. the performance review. that c

every bank in hong kong does benefit from that.g --king is what is what is making people money these days across the world. it has curbed its regional expansion in china. >> yes. the market share in china total is five percent of banking assets. if you have 100 branches in china, you cannot compete with icbc, which has 12,000 branches. >> let's talk about china. how are the banks in terms of strength and health doing? -- some people think in reality. aftermath of the wall street crisis and the recession, china had this credit expansion program and it worked. 30% in loans that year. banks.re very strong or 11% tier one. >> you say it is not a time bomb. >> not for the best banks in china. ballot sheets -- balance sheets like an insurance policy. they can guard against right off. -- write offs. it is the highest in the world. they have a good measure of protection. >> singapore banks have slipped from the number one and top spots. why? what is happening in singapore? >> it is the china connection, anyway -- in a way, but i think they

defying beijing, people in hong kong head to the polls to demand a right to elect their leaders plusang on to your sob prior 0s. mexico taking on the netherlands for a place in the quarterfinals of the world cup. iraq's prime minister has been embarrassed on the battlefield by sunni rebels. now, he is under increasing pressure in parliament. one of his predecessors has called on his supporters to boycott a crucial vote on july 1st on the formation of a new government. he says his national coalition will take part only if certain conditions are met. here is what was said about the decision. >> the national coalition has decided not to attend the first session of parliament to distance ourselves from the consequences of the session unless the political powers put the road map to stop the security deterioration and save the country. >> alawi is not the only senior politician lining up against him. >> that's exposing deep political divisions in iraq. more from erbil in the kurdish north. >> he may be miles away from the battleground but in his own way, shake sheiksuleiman wages war. this

>> we are live in hong kong. i am rishaad salamat, and this is "on the move. " we are beginning the week with another rise. insurgents gaining more control in iraq. major buybacks for corporate japan. portugaln to the wire, drawing with the u.s. with the last kick of the game. -- investors are shunning japanese stocks as we have seen so far this year. the country's biggest corporations are seeing opportunities in all of this. what is going on? >> they're buying back shares, rish. index, for example, though worst performer this year . it comes amid a rising stock market globally. the index at unprecedented highs. >> decay to 25 down by five and a half percent. >> the weaker yen is also having an impact. this year, not as much. what we are seeing is the major japanese corporate's. toyota and mitsubishi corp. buying back $25 billion worth of shares. what it has done is led to an increase in terms of investor perceptions, foreign investors, and at the market declines. share buoyed their prices. we have a 5% decline f

rain intensifying in hong kong. it stays wet to the east of the area. >>> nearly 200 april world cup protesters tried to march to the maracana stadium in rio de janeiro. police stopped the demonstrators reaching the venue where columbia knocked uruguay out of the tournament. protesters are angry at the billions brazil spent on the world cup. costa rica have become the world cup story. they have earn a draw. they face greece in a match decide who will go forward and home. david mercer has more from the capital. >>> it's a love affair that starts at the young age. hundreds of children take to the pitch in costa rica's capital. it's a ritual, practicing and playing a few games. some of the youngsters could become the country's top players, and with costa rica's world cup success, there's no shortage of footballers to look up to. >> translation: the national team players sets an example for the kids, helping to encourage them to practice. not long ago one came to help with the training. >> reporter: while fewer than 5 m

chinese leaders have sent out a reminder that they still rule hong kong. activists have been pushing for greater autonomy. but leaders in beijing issued a report to prove they are in control. government leaders released their first white paper on hong kong since the british handover in 1997. it says some people are confused or lopsided in their understanding of the policy of one country, two systems. the paper says china's national people's congress has the power to override decisions by the hong kong legislature. activists have been pushing for more rights. they're threatening to organize widespread protests if the kwhie needs don't go far enough in assuring democratic change. >>> an al qaeda splinter group has seized control of the second largest city of iraq in a show of strength. they moved into mosul and drove security forces out. the militants launch repeated attacks over the last two days. they targeted the airport, police stations, a prison, and the office of the regional governor. they're taken control of most areas. they say security forces are p

julianna in hong kong.w, we've just seen pictures of nothingness really coming from the mainland. what can we expect in hong kong? >> well, david, it's a completely different picture here. hong kong is a chinese city but it's also a special administrative region and under the terms of its return from britain back to china in 1997, it maintains a high level of autonomy. there's freedom of speech and freedom of expression here and in just a few hours we're expecting tens of thousands possibly hundreds of thousands of people to flock to victoria park for the annual candlelight vigil remembering tiananmen square 25 years ago given it's a special anniversary this year, we're expecting to see more people than we have in other years, and there they will be listening to speeches by pro democracy leaders here in hong kong. there will be bands singing pro democracy songs. so the people here in hong kong are very proud of the fact they're able to mark such a sensitive anniversary on chinese soil. >>ulian na liu in hon

but in hong kong, they now fetch about $2 per half kilogram. ikeda's company ships 30 tons of the tubers there every year, including those grown by other farms. sales have tripled over the past three years, and the company has started exporting to singapore and taiwan. ikeda is always looking for ways to increase sales. he sent some workers to hong kong in march with five varieties of sweet potato. their job was to find out which ones people liked. >> translator: they loved stronger tastes. >> translator: they preferred distinctive tastes like really sweet, or spicy. >> reporter: ikeda decided that this year, he'll grow even sweeter potatoes. >> translator: products that don't meet local needs will gradually be forgotten. so we have to keep making improvements. >> reporter: ikeda's story shows that with the right approach, a product as simple as the sweet potato can become a hit. other business people might want to follow his lead. maybe they, too, will discover new markets, and new growth opportunities. >>> okay. that is going to do it for biz

coming up why street fighters in hong kong are fighting to keep the tradition alive. the performance review. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. >> welcome back totion al jazeerto al jazeeraamerica. i'm stephanie sy. questions surrounding a u.s. army sergeant after he spent years in afghanistan. bowe bergdahl was the only prisoner of war known. to get him back the united states exchanged five be al qaeda prisoners held in guantanamo. >>> president obama will be in poland and normandy to beings celebrate the be 60 years since the normandy invasion. >>> new york times being reporter james risen to keep a source in his book confidential. 50 other case he to rule on before the justice et cetera take off for summer. >>

voting in hong kong's unofficial referendum wrapped up on sunday. organizers are fighting for the right to choose their leaders directly. while the results of the ballots will not be legally binding, they believe the action has symbolic significance. >> this boat is very meaningful. it's an opportunity for the people of hong kong to exercise their civil rights. have rejectedia the vote as an illegal farce. under the present system, a committee is responsible for choosing candidates for hong kong's top leadership positions. activist say that limits their choice to beijing-friendly politicians. the former british colony was returned to chinese rule in 1997 under a so-called one country two systems arrangement. a policy report this month says the self-governance was subject to authorization from beijing. interest bonds, thousands of lawyers took part in a silent protest to stop occupy central, which organized the boat, says it will call massive protests and her allies the financial district of the government doesn't agree to reforms. officials are seek

you were in hong kong last year. >> hong kong last year. >> seth: do you love to travel? to sort of the explore the city. we work with local crews so they can tell you where to eat and what to see and cool. >> seth: how was hong kong? >> hong kong was amazing. you know what? something i liked about hong kong was -- in pictures it's really crowded and looks super intense and it's steep like san francisco. but in real life, there's temples all over the place. these small neighborhood temples that are burning incense. the whole city smells like salt air and incense. and it's really romantic. >> seth: that's great. good to know about hong kong. it always looks crowded to me, too. >> it's very crowded. >> seth: and i don't like crowds. >> i don't really like crowds either. >> seth: that's why i only vacation in the middle of the desert. [ laughter ] but your character is a linguist on the show. >> linguist. >> seth: a linguist. your character speaks 18 different languages. you have to at least dabble in 18 different languages. >> yeah, but i learn it mostly phoenetically. >> s

here in hong kong it is 7:30.is a live look outside on a randy -- on a rainy monday morning in hong kong. one in six under 60,000 people cast votes in favor of full democracy in hong kong. it has been organized by activists labeled as illegal by china. debate is ongoing here. we're 30 minutes away from the open of trading. i a tv, on your mobile and online you are watching first up. opportunity knocks. buy as stocks decline. talking taxes, australia is trying to repeal a levy. good morning to you, i'm angie lau. new zealand started the day off practically flat. u.s. cents.s at 87 let's head over to japan. the nikkei is fractionally lower. the nikkei futures pointing to a higher open after wall street ends the week on a record. s&p hitting that 1962 level. spots.two investors have generally shunned japanese stocks. biggera showing that corporations are seeing a lot of opportunities. zeb eckert is here to count them all. >> we have seen global stocks trading at unprecedented highs, record highs. the disconnect is th

dorker -- darker here in hong kong. up to 150,000 people are affected in the park in hong kong to come out and commemorate june 4th. have eight an annual event. we have a candle lit vigil. and the flame of democracy lit 25 years ago. people feel a bond with the students in tiananmen square, and although it is 2.5 decades on, they feel in this city, at least they are keeping alive the hopes and aspirations, in the hope that a future gerpation in mainland china will take up the cause. people are starting to congregate here. we are, as i said, expecting 100,000 people, thought the year 1989 - they have fluctuated, and the final year is one of those that we cap expect more people in another year. >> explain to us the background on why people are allowed to protest while they are not in mainland china. >> there is - the city has freedom of speech, a semiautonomous status in china. have eight part of the people's republic of china, and has a one country two systems, a semiautonomous status. people can come out and express vie

hong kong is also seeing gains. gdp, china trade-off exports.is are seeing it starts to climb. file user quite low -- volumes are quite low. now, let's enjoy the positives. as you can see it is picking up significantly. the extra currency we are starting to see -- there it is again, that is the reaction. in contrast to that, the japanese are reacting to the gdp. gdp but the figures as well. 7%.ness spending is up at a quick look at the index. it is being driven up by the exports, engineering companies, consumer goats. -- consumer goods. the gdp is coming up in construction. engineering, transportation, industrial. 12 stocks arising in one is declining. all these stocks are seeing big games. -- bibig gains. >> three months into the search the families are now offering a reward for anyone with information. what do we know, but the answer is not much. basically a reward for any information that people can give. there is a lot of frustration among the families -- the failure to find anything, all leading to the suspicion and conspiracy theories, som

saysovernment in hong kong this poll, referendum had no legal standing.on top of that, the referendum unacceptable and calls the organization that organized it a radical faction. world is witnessing yet another unconstitutional political tirade. >> back here, france papers are focusing on a wake-up call led by the heads of new eight major business groups. >> yesterday to heads of the business groups wrote an open letter to the president. here in paper. calling for concrete action. a lot of papers reacting to this. upmissed leaders are fed with the government. you can see that on the front page today. ,iven the world cup is going on using a sports metaphor. is says the economy is not quite well inoing the world cup so far, the editorial says francis's nist team no longer has confidence in managers or coach. the prime minister said yesterday eight business representatives. what they did is give the government a yellow card, basically a warning to turn words into action. papersch tapers -- focusing on the final exam of the year, the baccalaureate. >> we will

in hong kong thousands gathered to participate in a rally. the authorities in china now classify the sit-in protest that called for political reform in the communist state s revolutionary riots. >> the contrast was striking. tens of thousands gathered in victoria park. lice patrolled the site of itself. china, many young people fight for democracy. >> i think that incident you mentioned will not happen again. it is meaningless. making a fuss about it is completely meaningless. >> in mainland china authorities cracked down. many young people claim they are unaware of what really happened. >> i don't know what this is about. right now we are very happy. very content. i was very young back then. who was right and who was wrong, history will decide. >> meanwhile in hong kong residents read out names of those killed in the clashes with the army. >> i learned about this on the news. bit by bit they explained to us what type of event it was. for hong kong residents it is something you can't not know about. >> while beijing never released an official

still to come we take a look at how hong kong's urban landscape is changing.vor of its street food. plus drawing attention to neo-pop art and meet the artist who is turning scraps of cardboard and newspaper into colorful canvas and a 22-year-old golfer from japan becomes the youngest ever winner of the memorial tournament in the states, details coming up. #r ♪ let's look at the top stories at al jazeera, helicopter firing on malitia fires in benghazi in the east of the country and at least 7 people have been killed in the clashes between shari and other forces. another main story is the palestinian president who sworn this a new unity government and bringing in the rival parties of fata and hamas. five taliban leaders conversely freed from guantanamo prison by the u.s. is in qatar and released in exchange for an american soldier held in afghanistan by the taliban for five years. and spain's king is advocating after almost 40 years on the throne. he is giving up the throne in favor of his son, crown prince philippee and saying the king is stepping down for pol

victoria park, hong kong. this is "bloomberg surveillance."fu with and adam johnson. >> hard to believe that was 25 years ago, but is china better or worse off 25 years after tiananmen square. >> economically, it has taken off. lloyd blankfein was here to chat with mike bloomberg yesterday, , theounder of bloomberg lp parent company of bloomberg toevision, in a conversation talk about the personal experiences and eight look back. it was anchored by stephanie ruhle. she is with us. >> lucky day for me. we sat down and talked about their careers because they were celebrating the small business, giving grants to people across the country, really across the world. they did not come from a mckinsey consultant background. lloyd blankfein was a lawyer who could not get a job on wall street. -- mike bloomberg gets fired from salomon brothers, starts a tech company with four guys in a room, does not convey customer for four years -- two years, and look at them. i asked lloyd blankfein, you're no longer in the trenches, what gets him going benchmark whe

laughter). >> we have to remember sometimes, we don't compare, of course, they have the money in hong kong and do more but we've done an extent job and hopefully, we'll make it sustain itself. >> i also want to drill down one more we'll be having shore power at the term and we really were at the forefront is providing the power for cruise ships it's more and more bam a start so kudos for putting this together it deltas our desire to be at the forefront of environmental issues and be good stewards for our waterfront. >> all in favor, say i. >> i. >> resolution 1438 carries. >> we should clap (clapping.) item 12 a presentation on the ports strategy to remove deteriorated and non-treated wharves along the southern waterfront. >> good afternoon, commissioners david with planning and development. this report is no response to commissioner brandon's where where about the statistic to remove the derattled structures in the southern waterfronts. since 2000 the port has removed a number of piles and structures prifrm as it relates to the special plan requirement but also to accommodate life safety

. >>> a scuffle and arrest in hong kong at a vigil to mark a 25-year anniversary of tienanmen square. >> there is new video of bowe bergdahl's handover. the taliban released a picture of the sergeant being given to u.s. special forces. this is part of the deal to get bergdahl back to america. >> reporter: the video was released on a taliban website. u.s. officials say it appears to be authentic. it's the first look at sgt. bowe bergdahl held captive for five years. a truck transported sgt. bergdahl to the board of pakistan. taliban fighters carrying automatic weapons and shoulder fired missiles conversed with bergdahl when it was handed over. he compared weak compared to other videos released by the taliban he had obviously lost weight. others-to-tolothers told bergdahl, don't come back, you won't make it out alive. they escorted sgt. bergdahl where he was frisked before boarding. one of the controversies surrounding his captivity is whether he deserted his post. secretary of defense chuck hagel said that issue will be investigated, but not now. >> let's get the facts, but first let's

a taiw taiwanese company. >> translator: in the future we want to make a deal with a company in hong kong and then we'll target greater china, singapore, thailand and of course, vietnam. >> reporter: but keeping up with the growth in i.t. is a challenge. the prefecture is now building a large capacity data center and underwater capable will connect the center to hong kong. >> translator: when businesses expand into asian markets where should they be based? singapore will remain an option but okinawa could also become an important base for japanese companies. >> reporter: okinawa's government is also offering its array of economic benefits to foreign companies. officials are trying to persuade them to view these islands as their land of opportunity. >> and that's all for now on business news. i'll leave you with a check on markets. >>> militants have reportedly taken more than 60 women and girls in northern nigeria. officials suspect it is the work of boko haram. it took part in the areas worst affected by the group's increasing attacks. they raided the village of maiduguri. they then kidn

my first priority in hong kong was to understand what his true motives were. not the motives he was claiming but to understand the motives behind the motives and the moral reasoning that led to that decision, because i wanted not to be part of helping somebody unravel their life unless i was completely be convinced there was agency and moral autonomy, and i spent a long time trying to understand what the did and why, and what got me to the point that i was extremely comfortable i did understand his motive skis could trust the authenticity of the explanation he was giving me, is when he talked about how growing up in this sort of alienated environment, the internet was his salvation. that unlike for people of my generation and the generation before me, who didn't have the internet growing up and then came to see the internet as this sort of discrete information we use for isolated tasks, people in his generation who grew up in the internet culture see the internet as an integral part of the world ask their internal exploration, and that requires the able to act

but in hong kong it is a symbol of the 25-year anniversary of the massacre. this year many mainland chinese have crossed the border for a chance to experience political protests. >> here it is written let's rehabilitate tiananmen events. this is the marching slogan. >> on mainland china these events don't exist. that is why i came here. >> most chinese people know little of the events of 1989. but a recently opened museum is trying to he had indicate some of the thousands of mainland terrorists who come to hong kong every week. most are reluctant to be filmed. >> we didn't know about this thing. it seems like it doesn't exist. so we never mentioned it, and i dare not to mention it to my parents. if i tried to, they will just say stop talking about it. >> but even here, such a museum encounters problems. the owners of the building could shut it down and allegedly under pressure. >> it is trying to convince them to do something against this museum. no matter what happens to this museum, it happens. >> they also have to face pro communist party groups who increa

we live in hong kong. this is "on the move." in hong kong. this is "on the move."ims of a massacre as the iraqi army finds militants. tank --d's strongest strongest bank is a new number one. president barack obama sent an aircraft carrier to the gulf, but has ruled out putting troops on the ground. is difficult trying to stop these militants. >> they have captured a lot more weapons and a lot more territory. they are supposedly battle hardened from the syrian civil war where they became congealed as a new organization. they are certainly on the move. >> stick around with us. have a look at how this is playing out when it comes to the oil markets. david english is with us. prices -- here is a two-year chart. 107.23. $.10 off theabout high. it is still fairly clear that prices are elevated at this point. you're looking at the highest level. it could go back all the way to september of last year. we were north of 110. at a bit of technical, it seems that the averages at about -- the 50 day average is at 102. whatuld see a spike given has happened over the past few day

hong kong is the only place in china where the event is publicly recognized. china is sensorring content on the internet and social media. >> there is a nationwide manhunt underway after explosives were found inside a san francisco apartment. federal agents are looking for 42-year-old ryan kelly chamberlain ii. they found materials inside his home on saturday. since then, he has been entirely off the grid. >> he's considered armed and dangerous. we encourage anyone who sees this man with that description to call us or dial 911. we had explosives. there's no chemical, biological radiation known at this time. >> back in 2003, cam about her len was a campaign organizer for govern newsome when he ran for mayor of san francisco. chamberlain launched an unsuccessful bid for california assembly seat in 2002. >> the midwest faces a risk of severe weather and flooding. good monday morning to you, nicole. >> we had a decent stretch in the midwest and then this weekend came and the storms definitely started ruling through. this system already has a history. the northern

is strongmoment, asia especially hong kong and china.e the very important hotel in japan which is suffered because of economic downturn and that was accelerated by the tsunami and earthquake but that is coming back. we are seeing the good recovery in parts of the u.s. as a wall. as i said before, we are sinking of 30 or 40 years because of that it -- we are sinking of 30 or 40 years because that is the only way you can build up. >> thank you. bid for alstom. how they were able to clinch. that is later in the "the pulse. " ♪ >> welcome back to "the pulse." start of sustainable energy week. we traveled to one of the largest companies that manage to pay 28 million pounds. joining me now to discuss is the travel director, jane. welcome. are responsible for sustainable development. what have been the key steps in reducing your carbon footprint? >> to reduce our carbon footprint for the last two years now, we have focused on reducing the fuel and carbon impact and also looking at the the entire journey. and hotels and destinations. >> what is

you can see here that the forecast calls for more precipitation for hong kong and high pay. highs from the upper 20s to lower 30s and also some cloud cover maybe some shoers into seoul with a high of 28. also a high of 28 in tokyo for our wednesday. we take a look at europe. we are seeing a low pressure system in the eastern portions of europe bringing some more precipitation into parts of st. petersburg and moscow and also seeing another low pressure system bringing rain for the balkan peninsula. i know we don't need any more rain but it looks like more of it will be in the forecast as we go throughout our tuesday. another low pressure system developing over the british isles. that is spreading some rain influence into france. meanwhile high pressure is controlling the iberian peninsula. great conditions down there. highs near 30 degrees coming up for our tuesday but yes rain from london into paris, and also into the southern portions of germany, and also more rain for warsaw and kiev as we go throughout our tuesday. i am concerned about a weather system developing in the a

the people of hong kong and the people of entrepreneurial bilities will all be gone. they will have left because they understand better than any other people in the world the difference between otalitarianism and freedom and they will have voted with their feet and they will be elsewhere in the world. and the united states ought to be smart enough to know that these are exactly the kind of people that we need here in our own country. and we ought to have a special quota for people from hong kong to come to the united states to escape the murderous tyranny of chinese communism and we would welcome those people with open arms. they will teach us -- they will also add immeasurably to american society and our own beliefs in the rule of law, human freedom, and democracy. the students of china did their best. the murderers of the chinese leadership crushed their aspirations. the people of hong kong understand what happened better than other people in the world. > benjamin from florida. >> the gentleman is recognized for one minute. >> i thank the gentleman for his leadershi

hong kong's hang seng dropped half a percent. >>> it's all about jobs here on wall street. payroll company adp will release its national employment report today, and then on friday the labor department releases theirs. not a good day for stocks yesterday though. the dow fell 21 points. the nasdaq dropped 3 points. >> a food fight over hillshire brands. two companies are now actively trying to buy the maker of jimmy dean sausages. pilgrim's pride upped its bid yesterday to about $6.5 billion after tyson foods tried to move in. hillshire says it's willing to talk to both companies. >>> and newly minted billionaire dr. dre has gone on a west coast spending spree. the doctor cashed in some of his apple earnings to buy the l.a. mansion owned by power couple tom brady and gisele bundchen. dre paid $40 million for the four-acre estate. that's $10 million less than a asking price. anne-marie? >> he's having a good couple of weeks. jill wagner at the new york stock exchange, thank you, jill. >>> when we return, a photo failure. a wedding party gets a surprise while posing for pictur

hong kong's heng seng gave up nearly 2%. 22,804.elling pressure was pretty strong as the index approached this year's high. zblmpkts. >>> officials from 16 asia-pacific countrieses are trying to move closer toward a regional free-trade deal. they hope to conclude it by the end of 2015. chief negotiators from the ten asean nations as well as japan, china, india and others are holding the fifth round of talks on the regional comprehensive economic partnership. on the table during the five-day meeting in singapore are issues such as lowering tariffs and liberalizing services and investment. the officials hope to reach consensus on how to move forward on tariff cuts when trade ministers meet in august. but they're still divided on the issue. japanese negotiators hope to lead talks in the areas of intellectual property and fair competition. they want to establish rules that will help japanese firms expand their business in the countries taking part in the talks. >>> the people at a leading japanese financial group are trying to help mold

it is clear to hong kong and done efficiently.t would help having it officially. >> would it boost the amount of done?ction being >> i am sure it would booze and give more liquidity to the market. another step in developing. boost aam sure it would give more liquidity to the market. views aligned are the between the two countries when it comes to regulation? works verylation well together especially the bank of england and the people's bank of china. the starting point is very different. london is successful because it is open and the chinese economy remains close and heavily regulated. to get the two working together as a starting point is not easy. they were very well together and it is reflected on the work being done. freeze us.nked to we are hearing visa restrictions will be eased. -- >> it is linked to visas. strength inoded the terms of attracting foreign business. is that true? is that being a diplomat? or is that not necessarily the case? has it made more difficult for chinese businesses to do business here? >> i do not t

because hong kong is part of china.re liberal sort of semi separate or sovereign status within china, but that is extraordinary. and the fact that china is also clamping down on the lines, not just the controversies with google, but they really are trying to stop all memory, as you put it, of what happened 25 years ago. >> reporter: that's right, andrea. sometimes they've got the limit on the line. the tank man, which replaced the tanks with a bunch of big yellow ducks, even that was barred from the internet, the words "yellow duck" could no longer be used in chinese search engines. there's a museum that recently opened up here in hong kong commemorating the event, trying to keep the memories alive. it's tiny, up a side street, opened recently. and contrast that with the massive national museum that's on the edge of tiananmen square. it's huge. they claim it has more floor space than any mum museum in the world. you see the cowboy hat that he had from the u.s., but you won't see any reference at all to the crackdown tha

that's why they want them to go away. >> reporter: local trips or just cheap eats, hong kong offers a did he minug menu. rob mcbride. >>> apple unveiled new technology during its annual worldwide developer conference, ceo tim cook unveiled a new version of the ios operating system for iphones and ipads, the computer giant also unveiled health book an app that acts as your hub for all of your percentage health and fitness data. apple also introduce aid full-fledged hard drive in the cloud called ikhroufpld speaking of apple is ranks against the top of fortunate magazines list of america's 500 largest companies, wal-mart topped the list, exxon mobile second, followed by chevron, warren buffet's bir birk scheyer hatha. later tonight at 11:00, the newer fear of legalized marijuana. the problems doctors face daily in emergency rooms because of edibles. plus eye in the sky, one of the biggest police offices in the united states, the los angeles police department, prepares to employ drones to fight crime. those stories and much more at 11:00 eastern, 8:00 pacific time. >>> 93-year-old tom ba

david is in hong kong. the reaction seems to be muted today? that's if you look at the regional investments. good morning. not a lot happening when you look across the markets. at this point, the game seemed to be between a quarter to a third of a percent, but still gains. fairly uneventful session in tokyo, swinging between this. hong kong, the hang seng is lower, so it is really about southeast asia keeping things afloat. here we go, the nikkei 225 up .1%. , the yen, theasia aussie and kiwi just about flat. , lateray we had the ecb we have u.s. jobs. there's not a lot of conviction right now, no reason. >> david, shares of product have slumped. what's going on? a earnings missed for prada, big drop in shares. leslie, 5.9%. it was as low as 6.5%. just about the worst day for shares in about one and a half years. looking at the earnings, looking at a drop of income of about a quarter, 25%. that missed the median by 25 million euros for the first quarter. it comes down to less shopping from the chinese and europeans, a lot of the luxury houses h

. >> reporter: a hong kong restaurant turned up shark fin soup at the restaurant. a manager tells us they no longer sell it. investigators went to one of the restaurant's distributors where they discovered 2,100- pound of shark fins in these boxes. it's not known how much it's now worth. >> it's up to the district attorney to take it from here. >> reporter: a lawsuit aims to undergo the ban. customers frequently request the soup. >> are people disappointed? >> most of them yeah. because it's been with chinese restaurants for so long. >> reporter: state wildlife officials tell us penalties may need to be increased to discourage others from violating the ban. the emeryville restaurant and fish distributor received misdemeanor citations. >>> it's estimated that 73 million sharks are killed world wild to make shark fin soup. that's why wild aid enlisted the help of former nba star yao ming to make this public health announcement. >> what if you could see how shark fin soup is made. >> reporter: there's evidence that the ads are helping. hong kong which handles the larg

on monday morning in hong kong. we are one hour from the open of trading.ets react to rising analyst estimates? you are watching "first up." >> airports under attack. 12 are dead as militant strike in karachi. a record number of down trade in china. counting down to the cup. growing concerns that brazil will barely be ready. i'm angie lau. positive data limited some worries, but things do not look so rosy. we are going to shine some light on the shadows. they are growing. >> we are talking about people here. this started back in the first quarter. you had a couple of months. what you've seen since then, the numbers have been up. we saw good numbers. it is a record number. readings here could be a prelude. then been rating cuts. we have seen the outlook. there have been cuts. we are looking at numbers from china investment securities. what we have observed is that the first five months, we are now at 17. if you look at the outlook, that has changed. the negative outlook is not coming from credit rating agencies. it was 15 in five months. we are at 20 right n

hong kong is the only place in china where people can gather. tens of thousands gathered. they commemorate lives of those who died june 4 of 1989. many wore head bands with date of the protest on them and advocates for democracy led the crowd in chants. one man is using twitter to tweet the events of the day in real time tweeting "june 4, 1989, evening, mother weeps upon finding her child's body if a beijing morgue." google, yahoo and facebook and trying to shield communications from government spies and other. google and the other companies are now automatically encrypting all e-mail but that does not help sure confidentiality unless your e-mail provider adopts the technology. google says about 65 percent of the emergencies sent by gmail users are encristed so the providers are using the technology but incoming are lets secure with only 50 percent encrypted. google is teaming up with a fashion designer to create fashionable frames. the collection includes eight new shades for the face-mounted computer from wrap around glasses to librarian chic with a price tag of $2,000 e

. >> today, in hong kong, tens of thousands of people gathered for a massive rally to remember thosethat lost their lives. it was the only public commemoration in china. on the mainland, the government has taught her control over free speech and their, the mere mention of tiananmen square is bad. >> candles lit up downtown hong kong. tens of thousands commemorating the student protests. people here still enjoy freedom of speech as part of the cities handover from british to chinese rule. in the rest of china, what happened at tiananmen square has been hushed up. the early hours of june 4, 1989. tanks rolled onto the square, a final showdown meant to quash the protests sweeping beijing that spring. hundreds, possibly even thousands were killed in the massacre. images like these are banned in china. hundreds of uniformed and plainclothes police officers were out in force, backed up by military police. the mission, to prevent anyone from marking the anniversary of the crackdown. many ordinary chinese are even afraid to talk to journalists. >> no, i don't know. well,, how do i put it? so

when you look at hong kong and the growth they had it was through the roof. shouldn't we model ourselves after what works? >> well, i think that certainly you have a great point there. one of the big issues on changing the tax code is how you are going to do it. i mean, congress, these people couldn't put together a two car funeral. perhaps the senate changes next year we could do something. you talk to the members of congress and they are like we can't do anything because of this party or that party. and all of these are really good ideas. how are you going to get it done? >> it is very frustrating when you look at what those idiots inside the beltway can manage to screw up even when they agree on something. i mean, that simpson bowls thing. it never got done. when are they ever going to do something that works? >> i agree it is very complicated. there is a lot of special interests and a lot of people on the hill who are reluctant to take the step and questions the relief why it can't be tax cuts and the regulatory side we have to pay attention to. it would

daniel joins us from hong kong to give us insight on the issue. he's a strategist. daniel, right now, we're just looking at the real estate market in china. what is your view on that sector of the market? >> clearly home prices are falling. potential buyers are staying on the sidelines, because of the expectation of home prices are formed. sales are rising to levels above historical avage. so developers have no choice but to cut prices to boost sales. and i believe more price cuts in the second half of this year is likely, as develops have to meet their full year sales target. it may continue for a longer while. >> china's local governments have to pay off about $3 trillion in debt. senior officials say about 20% of those loans are due this year. and with falling real estate prices, do you think some of the local governments might default? >> well, i don't think that would be the case. local governments have some measures to repayments. of course, the lower sales affect their income, because developers have less cash flow for reinvestment, and that means local gover

hong kong holds a vote that carries a message about autonomy to beijing. and the world cup underdogs defy their skeptics much costa rica prepare to face greece in their most successful world cup in history. >>> first, the turmoil in iraq, and the aftermath of the largest military offensive yet by government forces. they are reported to be on the outskirts of tikrit, readying for a push into the city. the army sending reinforcements is in chrome. the people inside tikrit endured days of helicopter attacks. mosul has been under bombardment, the u.n. saying they had to attend a nearby camp for displaced people because of large numbers leaving. half a million were forced to leave mosul. it takes the total numbers in iraq to 1.2 million. as a result the u.n. tripled the aid appeal to $3 million. we go to imran khan in baghdad. >> a lot of people on the move because of fighting in tikrit. where are the people heading and what sort of help are they getting. what sort of help is down to the crisis in funding. 80% is not there, and most of the agencies tell you tha