hong kong or shanghai? we are talking to a chairman about the property investments and the tale of two cities. ♪ >> the stories making headlines around the world -- local media blame bad weather for the disaster and say the ship was hit by a tornado. more than 150 millimeters of rain have fallen in the area. believes in bangladesh have filed murder charges against 41 people over the collapse of a factory that killed more than 1100 workers. a doesn't government safety officials are among those facing the death penalty if convicted for the 2013 disaster. they have been forced to work despite cracks appearing in the wall. philippinest of the have promised those responsible for a deadly fire last month will face charges. 72 people died when flames engulfed the building. the president says local officials and far department personnel will be among those charged. he is ordered safety inspections of three her thousand factories in manila. rishaad: taking a look at the billionaire chairman saying what he called the

everyone from chinese firms to hong kong tycoons are scrambling to get a piece of the next ipo in hongglomerate legend holding includes a stake in lenovo. they will go public later this week. half of which is offering to cornerstone investors. china starts a trading week with a market cap of more than $10 trillion for the first time. that is almost a dozen trillion increase from year ago. valuations are now at the highest in five years while the economy is growing at the slowest pace in decades. we are moments from the opening bell at the stock exchanges in shanghai and hong kong in the world meeting around china. that stocksally have rallied more than 10 chilean dollars. -- composite of 152%. remarkable numbers. you have to wonder even the economic fundamentals on china what the domestic investors see that foreign investors do not. it is generally a down day. and greece'swer factoring into that uncertainty in europe. federalep in mind the reserve is meeting on wednesday and investors will be looking ahead at that. in asia-pacific it will be busy and the markets are already underway. j

hong kong enjoys freedoms other don't enjoy. china's relationship with hong kong is complicated. the feeling is that china has given hong kong all that it can, and there's nothing more to give. >> thank you >>> authorities say nine people have been killed in a shooting at an historic black church in charleston south carolina. police are hunting for the gunmen walking into the church and opening fire during a church meeting and they are looking for a white male in his early 20s. right now we are working with all of our partners. we have members of charleston police department, the charleston family sheriff's department. sled fbi and other federal agencies are here. we have a unified command that is working this investigation. we have investigators that are out tracking leads coming in and we'll continue to do it until we are find this individual. >> john terrett, what can you tell us about the shooting and what happened. >> good morning from the nation's capital washington d.c. this is already a major national story here. it has elevated to the lead story on all the major cable ch

power inlisting of cgn hong kong just in december. now cnn is saying it use $2.2 to fundof the ipo fund four project. >> here is david england. david: if you missed that big ipo, given the interest and amount of money that was locked up, because of these description, you have 24 more to choose from. offerings will be split evenly between shanghai and hong kong. we have a few we will be listing on the small-cap index. what is happening across the market? very good. responding to a seven-day decline, they were oversold in some markets. philippines, indonesia, sold off substantially -- indonesia was down some 9.5%. the philippines also getting into a technical correction. again, the story that we are way, the emerging market. across asia, just this month, only two markets have seen inflow. japan and south korea -- the two,of asia, between these i'm doing the math here -- that is about 180 million dollars. north of $300 million. better-than-expected machine orders, unemployment up to 3.9%. we had a big drop in philippine exports. the bigg

in hong kong.e will speak to one lawmaker who says that these reforms from beijing are a step forward. ♪ ♪ sherry: alibaba is creating china's version of netflix and hbo. they have announced services that try to target 600 million families craving more entertainment content. that is a lot of families and possibly big revenue for alibaba. we are taking a look at this. >> we know that they dominate the online shopping business and now going into streaming. this is called cbo -- tbo. there is a smart tv that carries this innovation. some of their shows, bought overseas. we do not know how much it will be for consumers. this is already crowded by a lot of local players. alibaba may have some advantages because of the user base they have already they might be able to get subscriptions and they have a cousin relationship with the government, so maybe easier to get licenses that they need. netflix we talk about being the pioneers but alibaba could ruin plans for netflix to come into china. sherry: i guess

hong kong voters will pick one of them. saying that is not necessarily universal suffrage. mark: i'm mark halperin. john: and i'm john hailemann. mr. trump, thanks for your time and thanks for being a huge fan of our show. mr. trump: tremendous show. john: you yourself have the show. you are finally running for president. mr. trump: i have never done this. it has not been that easy. mark: in some areas, you do better than bobby jindal. john: on the show, the monopoly man.

so ivan watson bringing us up to date live from hong kong. many thanks to you. >>> we're going to take a break here. charleston's police chief is calling it a hate crime. we will have the latest on a shooting at a church in south carolina. >>> after two weeks on the run, two escaped murderers may have altered their appearance. we ask a forensic artist how the fugitives may be disguising themselves. stay with us. the turtle cove fin club. the team jet runners. what we do is fun. but so is what comes next. in fact what originally brought us together isn't the only thing that keeps us coming back. for friends who come together to reach for better we brew a superior tasting light beer with fewer carbs and calories. michelob ultra. the superior light beer. my here at c.k. mondavi.on, the vice president of operations to make this fine wine it takes a lot of energy. pg&e is the energy expert. we reached out to pg&e to become more efficient. my job is basically to help them achieve their goals around sustainability and really to keep their overhead l

who was a civil serve servant in hong kong for 34 years and knows this place up matily. significant is this moment? >> some some what significant fant but no, sir at perhaps as one might think superficially. it's obviously significant in that there is the crunch boat a constitutional development the method of choosing the chief executive. you could say it's insignificant because unless something entirely unexpected hands we already know what the outcome will be. the democrats will vote against the motion so it won't get the majority that it meets and hong kong will think back in to a state of stasis with no progress towards any change in the political system. >> reporter: so this resolution is likely to fail, if that's the case does it many hong kong has lost its best and only chance of getting even a measure. did he is a? >> i would say no. it's been a very complex debate over very complex issues. what it boil down to in local terms they call it to pocket or not to pocket. do you take this advance or not? in british terms the phrase would be it's half a loaf better than

hong kong will also see wet weather continuing. looking at the forecast for north america, another active weather situation taking place. we do have a low pressure system that brought a couple of tornado reports coming out of the upper midwest. as it pushes towards the east this story sounds familiar warmer from the south. we have thunderstorms once again. look at the risk for severe weather. anywhere from washington, d.c. stretching back into cincinnati the ohio river valley and missouri. we'll see the slight enhanced risk through thursday. hail concerns along with tornadoes, winds, and flash flooding all part of the equation. we had the storms toward the east, hot air towards the west. the temperatures are going to be booming up into the upper 20s. some areas close to 30 degrees. this ridge of high pressure bringing warm weather conditions here. 27 in los angeles. 28 in seattle. 25 degrees in vancouver. while the stormy conditions taking place further back toward the east. chicago, 22. 34 in atlanta. and we'll also see 30s up int

it is getting going on the hong kong and shanghai markets.ve got all the numbers coming your way right after this very short break. ♪ ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. rail is makinge a returning debut to hong kong. china's two biggest rainmakers. the world's second biggest industrial company has more than $117 billion. they will allow china to be more aggressively to oversee rail deals. plunging the most in three years in taipei. slashing sales. 35%. putting it down to week chinese demand. release of smartphone failing to boost sales. japan's economy is showing signs of revival with the latest data. revised gdp numbers putting gdp up 3.9% for the year, way above the analyst estimates. the preliminary 2.4% number that we got as a result because of a stronger business pickup in investment. let's have

the shanghai-hong kong connect coming later this year, the hong kong-shenzhen connect.y about less than 6% of the a shares and china are traded by foreigners. they are trying to professionalize the markets, but it is a step-by-step process. is china ready yet? analyst are split. tomorrowit will happen with the review. it could be an historic change. this emerging market is tracked by 1.7 trillion u.s. dollars in global funds. already, hong kong listed chinese shares make up 25% of the mx ef. adding more chinese shares, there is a global risk or investors, that they will have less diversity for emerging markets. angie: what are the risks to investors with having a shares included? north offferent market us. >> a boom and bust market. 80% retail, individual investor market. profitsonalization of they are trying to go through. there are risks. been -- again, diversification. the top two waited. you have icbc and china construction. these are hong kong listed chinese shares. six out of 10 are chinese shares, eight out of 10 if you include taiwanese companies. ofs accounts f

of hong kong.ind me some of the rival groups in this debate. these are the people that support china's proposal to extend democracy in hong kong. in essence they agree that hong kong can choose its next chief executive in 2017 by universal sovereignty as long as there are no more than two or three candidates and those candidates are vetted by a special committee. the pro-democracy camp says that amounts to fake democracy which is why they will be voting against it. at the moment, the government needs 2/3 of legislators to support that resolution for it to pass, at the moment that seems unlikely. the scene here really is a reminder of just how polarized hong kong remains remember it's only nine months since thousands of student demonstrators were occupying not just this area but the center of hong kong itself. of course the quell now is could it happen all again. >>> south korea has reported one new death and eight new cases of mers the middle east respiratory syndrome and that brings the total numb

we have more on hong kong there.nd on bloomberg.com, why it takes twice as long to get hired in the u.s. as it did in 2010. jimmye life and times of lee, the man known as the wallet of wall street. that is on our website, check it out. coming up, will we see a greek default or will eu policymakers find a short-term? thingsn our next guest it will be a combination of both. coming up. ♪ angie: checking headlines, please have arrested a 21-year-old man after a shooting in south carolina. roof identified as dylann and they are treating the shooting as a hate crime. it happened at a church where a pastor was one of the men and women killed. the president says we need to start asking questions about the access to guns. >> we will have to reckon with the fact that this type of mass violence does not happen in other countries. happen in other places with this kind of frequency. it is in our power to do something about it. angie: pope francis has called for a drastic cut in a fossil somethingions, with that he calls itself de

we have more from hong kong. >> it is hot humid and very loud in this corner of hong kong. behind me, some of the rival groups in this debate, these are the people that support china's proposal to extend democracy in hong kong. in essence china has agreed that hong kong can choose its next chief executive in 2017 by universal suffrage as long as there are no more than two or three candidates and they are vetted by a special committee. the protestors say that is fake democracy, and they will be voting against it. at the moment, the government needs two thirds of legislators to support that resolution for it to pass. it seems unlikely. the scene here is a reminder of how polarized hong kong remains. it's only nine months since thousand of student demonstrators occupied not just this area, but also hong kong, the center of hong kong itself. of course the question now is could it all happen again. >> adrien brown there on the ground in hong kong. it was a simple object that came to represent the protests, the umbrella became a symbol of resistance and our guest paul zimmerman h

so long as the candidates are approved and vetted by a committee set enough hong kong. democratic group smelled a rat straightaway and said that sounds like a fix to us. it sounds like china having an election but also guaranteeing the outcome. now, for this measure to pass the government will need the support of at least four members of the opposition that i think will semen likely. so ahead really, an intense day of debate. this really is an historic moment because everything since the hand over has been leading up to this occasion. and there is, of course, a supreme irony here, because china, the world's last great communist power is imploring hong kong to adopt this democratic model. and, of course, nowhere else in china really enjoys the sort of freedoms that hong kong does including the right to demonstrate as is happening today. >> adrian, as ever, thanks very much. adrian brown live for us from hong kong where that debate has now begun. >>> south korea has reported one new death and eight new cases of mers. that's the middle east respiratory syndrome bringing th

so we don't have -- we don't want to have the democratic system in hong kong.want to fight for gender and democracy but we will not accept such type of arrangement especially from people using such dirty tactics. >> reporter: you had real role reversal here. the pro-beijing camp are supporting a law that would allow the people in hong kong for the first time in their lives to elect their chief executive in 2017. they are calling this one man, one vote. they are saying this would be a more democratic system and you is a group of lawmakers who oppose the communist party in mainland china who claim to esuppose freedoms of expression and speech and press saying that this system is not going to be democratic enough and they led the charge to vote against it. now one of the top administrators here in hong kong, the number two official here, she knew this was going to get voted down. this is what she had to say in the assembly chambers moments before the very strange vote took place. >> translator: at this moment, now the reform proposal will soon be voted down. i'm s

just how polarized hong kong remains. it's only been nine months since thousands of student demonstrators occupied the is center of hong kong itself. >> south korea reported more cases, the total being 164. four are at the hospital, the ability to contain the disease that's killed 20 people in less than a month. al jazeera has been given exclusive access to bank notes allegedly hand he over by australian officials to indonesian boat people. refusing to confirm or deny whether this took place. andrew thomas reports. >> the money shots, al jazeera was given the exclusive access to the bank notes at the center of a major international dispute. given at sea by australian officials to make sure they return their cargo to indonesia. >> translator: i told australian man we needed money so we could return to our wives and children. he said okay, we'll help you. as captain i got $6,000. the five crew got $5,000 each. >> the captain now being held by indonesian police, claimed his boat was sorted by two australian ships for two wee

raised $1.6 billion in a stake sale in hong kong. intalked about jack ma october, he went to hollywood to acquire more content. even a couple of months ago they purchased a big stake in beijing and light media, which is a company with a long track record of hit tv shows in china. they also have a stake in china vision media, which later became alibaba pictures. take a look at the shares on that stock, more than double just this year. they want to be the next hbo. we will see what happens. angie: how big is the market and what is the potential here for yvonne: alibaba wants to explore opportunities to build an e-commerce business so that the brands of the film stars in the movies and tv shows could be sold on the alibaba e-commerce platform, which is a good strategy. the come but he says they are open to working with hollywood. angie: thank you so much for that. you can get more on all of today's top stories on our digital destination, bloomberg business being to gather the best of business news and new digital content all-in-one addr

. >>> and activists in hong kong hand -- stand firm groups walked out of the latest military blustert -- stand firm -- stand firm >>> welcome back to al jazeera america. it is 10:45 eastern, taking a look at today's top stories. more than 60 people were killed when a bag full of homemade bombs blew upin north nigeria. they carried a sack of metallic objects away and then it exploded >>> a psychiatrist who treated colorado movie theater james holmes says he had thoughts of killing people at least three to four times a day. he testified saying homes didn't have a plan to carry out an attack. >>> for the second time in two years, the senate has rejected efforts to change how the military handles sexual assaults. kristen kristen kristin gillibrand proposed a order. >>> russia has announced plans to beef up its military arsenal as part of an effort to modernize the forces. >> translator: our nuclear forces will be supplied with more than 40 new rockets that will be able to overcome defense systems, even the most technically advanced. >>> it announcement comes at a time of increased tensio

they demanded the hong kong government withdraw the plan. protesters clogged main roads across hong kong for two months but they failed to get what they wanted. students began to bicker among themselves. they disagreed over what to do next. some called for more drastic action. others resisted. a few voted to pull their unions out of the main student federation in protest. this is the leader of one union that left. he's been calling for more aggressive approach. >> translator: we all have different ideas about where to go from here. but i think if we keep doing the same thing, we won't change china's position. sometimes we need to take radical action. >> reporter: residents have been put off by these strident calls to action. >> translator: i oppose violence. we should deal with this issue peacefully and calmly. >> reporter: this man has been following the student protests from the outset. he's a teacher at the junior high school. all along he joined his students after work to take part in sit-ins. he said he could understand their resentment

hong kong lawmakers reject a day jinx-backed plan for an electoral reform. >>> yemen's capital is hita series of bombs as peace talks in geneva make little progress. >>> not everyone is happy about the rise of women in the gaming industry. ♪ ♪ >>> first now for to the u.s. where police in south carolina are search fox a man behind a church shooting. the suspect a young white man opened fire inside a church in charleston killing mine people. police say they believe the shooting at the historic african american church is a hate crime. several people were also injured in the shooting. >> it is unfathomable that somebody in today's society would walk in to a church, when people are having a prayer meeting, and take their lives. >> we are joined now by john henry smith live in new york city. john henry get us up to speed on what we know so far. >> reporter: well, the timeline as we understand it, richelle, is that at about 9:05 eastern time, the police got a call about a shooting over at the emanuel a.m.e. church. one of the oldest black congregations in the south by the way in south carol

the center of hong kong himself. the question now is could it happen again >>> south korea reported one new death and ate cases of m.e.r.s. the middle eastern respiratory syndrome. that brings the total number of cases to 162. 20 people have died so far. world health organisation called the epidemic a wake-up call. and warns of vigilance. the u.n. health agency called it an emergency. it is the worst outbreak outside the middle east. >>> the greek prime minister alexis tsipras accused creditors of trying to huge ill late his government. in return the european union president says greece is trying to mislead its voters. shares fell as both struggle to find a solution. alexis tsipras says he's pushing for a deal that will keep greece in the eurozone. >> the time has come to talk seriously, not just about greek future but the eurozone. will it insist on leave the public and people to its own. >> a united nations panel is recommending a sweeping overhaul of u.n. peace-keeping missions. the panel conducted the first major

this is a defining moment for hong kong, essentially a vote on its political turnover. the legislators in this building here, are essentially right now debating a proposal that was approved by china's parliament back in august that basically said hong kong should choose the next extivetive in 2015 so long as there were only two representatives. and they say it is better to have no democracy than a little democracy. >> do you call that real choice? do you call that real universal suffrage. how can people not be our own bosses? >> reporter: many of the people outside are from parties that want this political reform package to pass. there are 70 legislators and each can speak up to 15 minutes, so it could be friday before we get a vote. the probeijing group say it is better for hong kong to have this political reform package, because it events perhaps honk kongs last and best chance of getting a real democracy. >> translator: we have got to support the reform because back then we never had any genuine d.c. -- democracy. >> reporter: china imploring hong kong to accept demo

let's find out what is going on in hong kong.the way up alongside other chinese equities as we have better than expected expansion taking place as far as the manufacturing pmi measure. tokyo, this is what it looks like at the moment. we've got a bit of a pullback today. we've got the reopen also coming up next. ♪ angie: the top stories this hour, a relatively disappointing hong kong debut for huatai. shares rose as much as 7% at the open, but that was much less than the 35% enjoyed by our arrival in april. the difference in their performances, the chinese stock market boom may be ending. huatai raised $4.5 billion in its share offering. chinese stocks rose strongly after the official manufacturing gauge rose slightly in may, suggesting stimulus measures are helping cushion the economy. manufacturing pmi came in at 50.2. it is struggling to meet the 7% target. greece again fails to reach a deal with creditors with the end of may deadline passing. prime minister alexis tsipras hopes that germany and france will use their influence

stocks trading here in hong kong.s after the discounts mainland years reached the whitest in six years. the decline for the first time. ang seng up. despite the comments by the bank of japan governor, sending the yen surging. stocks, upt affect 1.4%. i want to take you through some of the stocks that have moved the most in japan. don quixote -- surging 6.4%. tokio marine up 0.7%. acquisition by a japanese insurer. bridgestone up. talking about more upside. they did cut goodyear. bank -- chiba bank cut by other analysts. asian shares at their lowest valuations in six years. let's get to jakarta. what is keeping the money away right now? reporter: things are not looking good for southeast asian songs. -- stocks. rate --pect of a higher u.s.ow is to 35 million dollars. analysts have said the valuation of indonesian stocks could be justified with a slower growth outlook. economy is slowing down. not so good earnings are a major concern. bad news for the stock. just to get perspective, southeast asian markets are the bigge

lawmakers in hong kong will start debating a plan to to givechief executive hong kong citizens a vote from a list of candidates approved by beijing. what's going on? you can hear them behind me. we are hearing loudspeakers from both sides. we have seen things escalate in the last two hours. each aside is using their own rhetoric here. some people saying from the pro-government side, 2017, we have to get this reform electoral package done. de saysigovernment si it's a no go. we have seen tensions mounting leading up to this debate one hour away. china has backed a deal where candidates for the chief executive will be vetted by a committee of local elite or scrap the chance for hong kong to have its popular elections. the vote is widely expected to be voted down. we talked about the city and the deep divide. --al pause showed that 42% local polls show that 42% have opposes bill. it's a close call indeed. they are talking about what is next. they said they can't forgo this chance right now. in the last couple of days, the tension mounting. an anti-graftt agency investigating claims that

vested interests in hong kong have so many people in hong kong concerned.hat worried the present government here in hong kong. they are only answerable to the billionaires, the business elite -- they want to see the status quo to have good relationships with beijing only to protect their interest. they are not concerned about spreading universal suffrage right around hong kong. bottom line, it means we could continue to see the isolation and disenfranchisement among many, many people in hong kong. that could be a blow for the city, it would get rid of the spirit that makes hong kong special. but also, there is a sense that the rule of law could be undermined by beijing. the rule of law here is what makes hong kong such a special location for foreign financial companies foreign is this is doing business here. anna: great to see you. among attendees at the st. petersburg international economic forum he was there yesterday bringing us a preview. and then today as things get underway ryan, what is the mood like? ryan: the mood is brighter than it was last year.

the proposal was to see voters in hong kong elect their leader in 2017.ndidates approved by beijing. >>> dozens are right handed to have been killed in a series of car bombings in yemen's capital sanaa. it targeted mosques. a group affiliated with isil has claimed respond. the vatican is about to pub a warning from pope francis on on global warming saying time is running out for humanity to address climate change i am joined by the manager of climate change, thank you so so much for joining us, appreciate it very much. let's talk about the what pope has written, he says that climate, he believes, climate change is mostly man-made. and he rejects the idea of carbon credits, saying specifically, this is what the draft says that could give rise to a new form of speculation, it would not help to reduce the overall emission pollution gases, polluting gases. do you agree with that? >> yes. but let's firstly note that this is a leaked document and so we have to recognize that. we are speculate on the ground what the hope might eventually say. but considering the

that a significant portion of hong kong society was supporting the proposal that the hong kong administratorsorward that were endorsed by the central government in beijing. you also had roughly 40% of those surveyed who opposed this. i think everybody agrowed that there's still a big challenge, how do you get hong kong society to unite? one of the supporters of this bill which just failed said, i don't predict this will be good for governance of the city in the years ahead. that's saying something because i think hong kong prides itself on its efficiency. errol? >> ivan watson live for us in hong kong on a successful day for those there that want less interference from beijing. appreciate the live update. thank you. we are following the breaking news out of charleston south carolina. a church shooting in which nine people are dead. the suspect still on the loose. we will have more here on cnn for you after this short break. it's part adrenaline and part adventure. it's part geek and part chic. it's part relaxation and part exhilaration. it's part sports car and part suv. and the best part? th

hong kong advising the public here in hong kong to avoid unnecessary travel.ngie: it is a quick trip to seoul. a are advising if you do not have to go, do not go yet. said the outbreak has weakened consumption like tourism. angie: thank you for that david. a time for a look of some the corporate stories. here is ivanovic in. -- yvonne mann. yvonee: hsbc may be facing another role. lawyers are looking into mario's role in insurance. they were looking around his private equity deals. and hsbc may be involved in one of them. hsbc has declined to comment. a 51-year-old will be the man at the helm taking over from magnus. he was the -- he will revive. report from pfizer shows of the company avoided warning about the antidepressant , zoloft. could causeizer birth defects and newborn babies changeored the calls to the warning label. pfizer's face and more than 1000 lawsuits alleging zoloft caused heart defects in babies born to mothers using the drug. those are the corporate stories. angie: though for your saga comes to an aunt. nathaniel rock child has -- come s to

these are within the competence of the hong kong government to do. what we must to see is some leadership, some political will, and i ensure the democratic camp will be only too willing to sit down with the government at the negotiating table. we need to improve negotiation. guest: whichever type of reform, we have to obtain a ruvell. reformail to do that, no will be carried out. what happened is, this is a realistic issue. a leg tour old reform which complies with the basic law and the decision to move forward. a beijing spokesman has said some of the lawmakers who rejected the bill were working with personal interest and they are going to try to maintain the one country to systems framework in hong kong. going beyond is the democracy, politics. this is about livelihood. some pro-democracy supporters influence, creeping influence, has reached into media and schools. . the surging wealth of the kling in.trickin the city where wages have stagnated. these issues remain. the democratic side saying this is the end of the chapter. the start of another hur

>> i have said it before, we talked about hong kong, china mobile trades in hong kong.is a stock that's been beatbea beaten up. it's tough but get long. >> i haven't said this before but linkedin popping over 200 i think you play defined risk. 200 is the level. i'm playing for a move up to 220. >> karen. >> dorian ticker lpg. demand in china for lpg going up. and day rate is very strong. >> guy? >> may 27th was a capitulation day in kors. tim bought it last week. michael kors. >> sure, get >>> my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer! welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to save you some money. my job is not just to entertain you, but to educate and teach you. so call me, or tweet m me @jimcramer. is the market too expensive? are stocks overpriced? should we be worried that

he studied engineering at the university of hong kong and won a scholarship to oxford university.areer in computer game, he turn today computer education. and believes that digital literacy is a core life skill. >> i think that is a very meaning. mission to me to teach our young people to learn programming which i think is the 21st century literacy. >> reporter: with apps, smart phones and digital technology so much a part of their daily lives now it's no surprise that here in hong kong there is a campaign to make coding a mandatory part of the school curriculum. some countries like the united kingdom and estonia have it on the agenda here there is no compulsory computer program in school. but the enthusiasm that much is clearly there. this year a group of 1,000 students from hong kong broke the world record for the most people coding at the same time. and now coders want the government to commit. >> i am a believer of coding being something that every kid should learn at the early stages. so hong kong schools are far from having something lake that in the curriculum. >> right now

this transport set up a hong kong affiliate to deliver door to door. aomori is the northern most prefecture on the aland. many fisherman catch many varieties of fish but only possible to offer next-day deliveries to neighbors of jay pan, international refrag rated delivery services kaug their attention, schoolallops are brought in at 4:00 a.m. and will be sent to hong kong. the school bulbs are placed in a refrigerator refrigerator. the jet arrives on the southwestern island. the airport is a 24-hour hub for cargo and it's just four hours from most major asian cities. so next-day delivery to asian countries is possible. the scallops left early morning and arrived at the distribution center in hong kong before noon. the this sushi restaurant is the customer. diners in hong kong today can enjoy yesterday's catch. >> translator: there are about 20% more expensive than frozen scallops but customers are willing to pay a premium. >> the schoolallops were shipped and they take orders from overseas customers, the whole saler hopes to increase the sales by dire

in other markets, hong kong retreated from rise on wednesday. indonesia ended down by just a fraction. the philippines jumped 1% after government officials announced a monthly budget surplus for the first time this year. >>> u.s. republicans are trying to revive so-called fast track legislation crucial to president barack obama's trade agenda. they set a vote on a new bill that would give obama more authority on trade deals such as the transpacific partnership. members of the house did not pass the trade promotion authority bill last week. they didn't like a component that promised help for american workers who lose their jobs due to foreign competition. so republicans hatched a plan to bring back the bill in a different form. they'll present the fast track part of the legislation minus the protection for workers. obama gathered democratic lawmakers at the white house to seek their support. he's also talked with republican leaders in a bid to find a way through the stalemate. if the bill passes the house, it would go to the senate for another vo

we have the latest from hong kong. >> in sweltering heat, they marched through central hong kong. streets were closed at pro democracy reporters returned to where the long running protests began. many were holding what's now the symbol of this protest organizers expected as many as 50,000 people to march. the turnout fell short of expectations. >> we want to gather the assembly to show our support to members of council to vote down the proposal. >> 5,000 police were mobilized to control the crowds. the rally was peaceful, as pro democracy groups called on all legislators to vote down the government's electoral reform package. >> this rally, i think is for those of hong kong citizens that want to make sure of a veto of the vote of a government proposal. >> all candidates would be screened by china. that proposal triggered two and a half months of protests last year. >> this is the first of a number of rallies planned this week with the vote expected in the legislative council by friday. the government needs a two thirds majority if it's to get the bill passed. so far, it's yet to g

this is a defining historic moment for hong kong. essentially a vote on the political future. everything since the handover in 1997 leads up to this moment. the legislators in this building here are essentially right now debating a proposal that was approved by china's parliament the national people's congress that basically said hong kong could choose its next chief executive in 2017 so long as there were no more than two candidates vetted. many rejected that. one, young, said it's better to have no democracy than a little democracy. >> do you call that real choice real suffer ridge, how can people not do our own bosses which was promised since the 1980s. many outside are from parties that want the political reform package to pass. it will be a very long debate. there are 70 legislators, each can speak for up to 15 minutes. it could be friday before we get a vote. the pro-beijing group says that it is better for hong kong to have the political reform package, because a little democracy is better than none and represents the best and last chance of getting the real democracy.

tensions are running high in hong kong. the bill will decide how the financial hub chooses its next leader. and the palestinian unity government is expected to relying -- to resign later today. that is according to president mahmoud abbas. we cross to our correspondent for the latest. also coming up this hour, we have got the story of a french mail-order firm that went bankrupt after 61 years in business. it is making a comeback as an online retailer. stephen carroll will have that as more. plus, the e3 in los angeles that is the electronic entertainment expo, while excite the next generation of gamers? ♪ well, we begin in france where the country has announced a new set of measures. this concerning its migrants community. the country is looking for how to better handle an influx of asylum-seekers. the number of people trying to cross the mediterranean to reach europe is growing at an alarming rate. so far, some 100,000 people have reached europe's chores this year. the eu states have failed to reach a deal on how to handle

it would have given voters in hong kong the opportunity to elect the leader in 2017. it would have only been able to choose by candidates approved by beijing. that is the move that activists call un-democratic. china's correspondent adrian brown has more. >> the clean-up is beginning outside the legislative assembly. the numbers of protesters are thinning out. it's been a good day for the pro-democracy groups. they ensured a deposit proposal to broad ep democratic reform in hong kong would not and has not passed. in a sense, it's an irony having democrats calling for democracy, voting down a proposal to do that. they had to because what was offered was, in a sense, a fake democracy. it ended quickly and chaotically. i think the pro-government parties realized that the vote would be a formalitiality. they knew they didn't have the numbers, they knew they'd lose and walked out of the chamber before the vote. ensuring that the democrats got their way >>> groups affiliated with i.s.i.l. claimed responsibility for a series of car bombings in yemen's capital. dozens have be

it's about china and their relationship with hong kong and the concern amongst many people in hong kongchina is ,ncroaching on the one country that was agreed. it guarantees the independence of the judiciary, freedom of speech, many things you don't have in china, and that is the concern in hong kong. of honge that sense , then that will have an impact on the spirit of the people of hong kong, particularly if we see the judiciary undermined. that could change hong kong's relationship to china. rishaad: interesting. thank you for joining us. let's take a look at what's trending on social media. >> you are taking a look at greece? of year old officials bracing for the worst. anticipating talks will break it down. angela merkel must do things back to common ground. a lot of people saying this is not looking too good. we have a couple of weeks until the bailout deadline. starteople saying, let's watching the market domino effect. they need external expert assistance and management, not another handout. greece wants the eu to give them billions of year old debt. a lot of pessimism in greece.

we had the shanghai-hong kong connect. there is this , a biggernalization quota for international investors to get into mainland shares. i want back a year ago prior to the review last year and the comments are great. called the idea of adding shares crazy. mark mobius as it does not make the msciadd shares to emerging markets index one so many of the shares are not accessible to international investors. we have some changes. msci in a statement said it expects to include mainland traded shares in his global benchmarks "after a few important remaining issues related to market is a stability have been resolved ago -- have been resolved o." it is not done overnight. angie: certainly the trajectory is on the positive side. if not now, when will they be included and what will it take? stephen: it will take a lot of aboutecause they will be 200 shares that are eligible to be added. analysts are saying 5% of those could be added initially. after the announcement come it can be up to another year before that implementation happen

. >>> can you write computer code and teaching the skill is a priority around the world and hong kongre is a campaign to make it compulsory and we went to an academy where the kids cannot get enough of it. >> reporter: it's a saturday morning and school may be finished for the week but this class is still in session and the lesson is computer coding. >> coding is building stuff and different games and designing electronics. >> reporter: joshua is one of 700 students who are a part of this coding academy, learning to create apps and computer games from scratch and some are as young as four but all have the same goal to become digital entrepreneurs. >> i make lots of games and i always wanted to make games. >> coding is no longer an exclusive domain of computer science and it's a subject all young people should learn and i think the earlier the better. >> reporter: john is the founder of economy and a man on a coding mission and studied engineering at the university of hong kong and won a scholarship to oxford university and after a career in comer gaming he turned to computer education

. >> hong kong is getting if ready for a confrontation over democracy. they are introducing a plan to elect the next chief executive. the proposal would let people cast votes for hong kong's next leader in 2017 but only if china gets to vet the candidates first. this is the scene last year when pro democracy demonstrations shut down key parts of the city for some 79 days. let's turn now to ivan watson. he's following this developing story from hong kong. >> i think we know how the vote on reform may go since last year the government didn't budge at all to student demands. set the scene for us there today. what's happening? >> as you can hear it is noisy and scorching hot. we are in front of the legislative council this round building where the assembly room is where the new election proposal which resulted in some controversy in hong kong has been produced and presumably debate potably voted on in the next day or so. this crowd here as come out to support it. signs saying yes to democracy, protect democracy. because it would allow residents of hong kong

buildings here in hong kong nine months ago never went away. while the crowds are smaller the mood is similar to what we saw in october. this is a defining historic moment for hong kong, essentially a vote on its political future. everything since the hand over in 1997 has been leading up to this moment. the legislators in this believe are essentially right now debating a proposal that was approved by china's parliament, the national people's congress back in august. that basically said hong kong could choose its next chief executive in 2007, so lange as there were no more than two or three candidates that have been vetted. many opposition parties have rejected that and one said it's better to have no democracy than a little democracy. >> do you call that real choice? do you call that real universal hourage? hawk our people not be their own bosses promised to us since the 1980's. >> many outside are from the parties that want this to pass. there are 70 legislators and each can speak up to 15 minutes so it could be friday before we get a vote. n

to be elected by voters here in hong kong. supporters is the current chief executive himself. listen to what he had to say about this this week. >> it is a question of government amending the laws in hong kong to allow all of the voters in hong kong to have the right to vote for the chief executive in a universal suffrage for the first time. >> now, in the legislative council for the election system to pass, it would need at least two-thirds vote in favor. however, there are more than a third of legislators from the so-called pan democratic block that say they oppose this and are going to try to vote it down. listen to what one of those legislators told us yesterday. >> it is an election, which will not give the voters genuine choice. only candidates picked by beijing and the powers that be and only two or three, will be allowed to stand for election. the rest will not get a look in. so if we get this passed, when the election comes, i think many voters will cry and they will stay home and will be very tearful. they will regre

today has been a defining moments for hong kong. everything since the handover almost 18 years ago this week this month, rather has been leading up until this moment. now, beijing, of course is watching all this slightly perplexed. it people it has given hong kong everything it can. the relationship can be compared to that of a parent with a pettualent teenager. it's not enough. this is the other - the only part of china where people have to protest, where people have the source of freedom, what many fail to understand is that the government in beijing is on a nationalistic role and particularly on issues of sovereignty, this touches on the issue as far as china is concerned. >> speaking of the protest, what is going on behind you, and how big the crowds are. well, the crowds i have to say don't number more than you know a few hundred. compared with nine months ago when there were thousands surrounding the mini parliament when the student-led occupation movement began, as a consequence of that plan that was tabled by the national pe

will hong kong schools lead the world in what's being called literacy for the 21st century? hello, thing political party of turkey's president recep tayyip erdogan faces weeks of political wraing rang ling. rangling to form a compromise. the maim party chp came second, prokurdish people's democratic party, significant break through first time they have secured enough votes to enter parliament. omar al saleh is in turkey. when can we expect a stable government to be formed? >> well, the winning party the ruling ak party is expected to be nominated 50 president it should happen in a few days. once the president calls on the party to form a government, the party has 45 days to try and bring a coalition together. if the party has the right to say he can't they failed before the 45 days. we are talking about a matter of weeks. we do understand from the ruling ak party that they are trying to get a coalition together. they need at least 18 seats in parliament to unable them to form a minority government. the consequences of that if it happens that means the government will be very

. >>> and hong kong, we witness the campaign to get kids coding. hello there thank you for joining us. turkey faces weeks of uncertainty and political instability after voters stripped the ruling ak party of its parliamentary majority in sunday's election. turkey's president recep tayyip erdogan concedes he needs a coalition to form the new government. >> the morning after historic parliamentary elections in turkey for the first time sing since coming to power in 2002, the ak party found itself without enough votes to form a government on its own. but its leadership and supporters call sunday a victory not only for them but for turkish democracy. >> translator: the decision of our thaition is the final decision. the -- our nation is the final decision. here i am addressing you from the balcony of the ak party the platform of democracy in turkey and the will of the nation will be put into practice, nobody should have any doubt about that. >> the ak party needs to find a coalition with one of the other parties if it wants to form power. >> motte ches