last month, are chinese presidentpresident ji jing ping.the coming collapse of china, i asked if the dispute in the south china sea was beijing simply vying for more regional influence or testing u.s. power in the region? >> clearly they think the united states is in terminal decline and so they do test us and they test every american president who takes office. the other thing is china believes it has right to territory under control of others. this is from india to the south to south korea in the south. feeling pressure from beijing because china has these territorial claims which in some cases are illogical and expansive. >> what do you think of this miss li, do you come face to face with cloin? >> i would think that these territorial claims did not become an incident until just recently. this pivot announced by the obama administration. even our encyclopedia britt annnica had said those waters to south china sea actually belonged to china. this is coming from an american publication. i would say that some of this is really china believi

and real heed over by jing. northern japan is at 30 degrees with plenty of sunshine on tuesday. now in europe. central locations are really being battered with severe thunderstorms. with large hail reported in germany. so for the next several days we're still likely to see some thunderstorms on the severe side. but the iberian peninsula is looking fine and gorgeous. 27 degrees and plenty of sunshine. but rainy in paris at 20. i'll leave you now for your extended forecast. >>> and here's a recap of one of our top stories. weather officials in japan say we may be seeing one of the worst storms in decades, typhoon neoguri is bearing down on okinawa. the warnings are in effect for the main island of okinawa and for miyako island to the south. local authorities issued an evacuation advisory for over 480,000 residents throughout the prefecture. officials at okinawa electric power company say about 22,000 households were without electricity on tuesday morning. airline companies have cancelled all flights to and from the islands. the typhoon has also forced public schools to close. >>>

jing james talking for the first time since making that decision to go back to cleveland. >> i wantedo find the time for myself and it's a place i'll be home and be able to represent for my family and friends and those fans and it givers me an opportunity to reunite with one of my favorite team bates sanderson fair child a brazilian native. it will be unbelievable man and i'm looking forward to the challenge. >>> lebron would not give a world cup presdix. he's upset enough. why upset an entire country. tomorrow on the world cup finals. >> still to come in sports what are fighting words to lesean when you enjoy the simplest and truest things.py asking for nothing more than what you've got. look at your swimming pools. they'll never be enough. like your fancy watches and your big cars, one day you realize that what matters is not the size of your car. it's the size of your yacht. ♪

as chancellor angela merkel is on a visit to china and she met with president jing ping as well as premier chan. and airbus agreed to sell 123 helicopters and german carry lufthansa struck a deal with air china. merkel is looking to boost german exports to china. germany is china's biggest trading partner in the european union with france and britain falling behind as you can see here. german trade exports to china amount to almost 74 billion dollars in 2013. german oil production dropped by .8% in may in comparison to april. third consecutive monthly drop and weaker than expected. that helped to put pressure on european shares and all three indexes ended in negative territory. lunethansia was bucking the trend and we saw their shares higher. this is the state of play of the united states at this hour, dow jones industrial average trading down about a third of a percent. nasdaq down almost .8% and s&p 500 down almost half a percent. this follows fresh record highs last week. as you may remember dow jones industrial average ended the week above the 17,000 mark last week. as you can see, dow

the foreign ministry spokesman in baying jing said tokyo must respect his country's sovereignty and security. japan's main eye, america and some other countries engage japan. the help resists an increasingly assertive china, but that might make east asia a more dangerous place. >> in an unprecedented move, french police detained the former president nicolas car -- sarkozy today as part of a corruption investigation. claims that mr. sarkozy tried to influence judges who were examining his campaign funding. we have a report. >> nicolas sarkozy left his home early to turn himself in this a police station in a paris suburb. for the first time a former french president was placed in custody for questioning in a criminal investigation. >> fuve president, you should have judicial inhumanity for life, full stop. >> if something illegal was done then the judges have to do their job. >> nicolas sarkozy, who left the ell ski paris in 2012 can be held up to 48 hours. after which he either has to be charged or released. >> sarkozy is a fighter and he s used to such attack, to such assaults. he was never

. >> jing me tonight is america's mayor, attorney, should i say, host of the ring of fire radio show. great to have you with us. you can unpack this better than anybody what's going on. there is a close connection between rick scott and the governor of florida and the ceo of geo group. so much that of the state has seven private prisons, so happens geo group has five of them. what's the connection here. >> ed, to understand the importance of the story, it's critical to recognize who geo is and what their sorry history looks like. you start with the u.s. justice department who determined that rick scott sweetheart contributor geo wreaked havoc on geo prisoners it had locked up in its facility. at one facility they have hardened gang bang members acting as guards overseeing juveniles. the justice department looked into that and determined sexual exploitation of those juveniles was the worst they had seen anywhere in the nation. that's their words, not mine. but rick scott still embraces this organization as one of the gop gang as he calls it, a gang that he's proud of. if you're honest

. >> i remember being at the --jing, there was a thing are we back to silly synthetics?ere have been fundamental changes. has been a regulatory overhaul. these have to be cleared centrally. frome are deriving comfort some bets that there is some kind of central police officer overseeing all of these trades. investors are not necessarily seeking out risk for the sake of it. they are being pushed into it. they have few options. robert profusek with us. you suggested -- has gone away. one things fueling the acquisition stuff -- the terms, it is not just rate. it is terms. it is a very easy credit environment. there is a clearing agency to know who is behind it. you get 3%, but if the bonds default, you are out. >> when you have fewer covenants, recoveries are going to be smaller and smaller. people are going to get less back. to the old days when there were derivatives sliced up security. we have the competence of david goldman -- david goodman was going on where the bad ones may go bad but the real risk is in the editor quality? is this going to be a redux of 2007? >> they

so that's what draws putin and xi jing ping together. but it's an opposition to american imperialism as the ideological imperialism as they see it. the other characteristic is resurgence or reemergence of a certain kind of nationalism. which does bear some resemblance to at least elements of fascist ideology of the 1930s. in particular on -- an emphasis on violence, militarism that, i think, east common. in the chinese case and the russian and other examples, as well. but for the moment with the exception of the islamist regimes, we're not talking about people who are actively trying to promote and promulgate a set of ideas. the last point on china, some people a few years ago were talking about a beijing consensus and alternative to a washington consensus which purportedly -- and market economics. that was a western construct and the chinese ran as fast as they could away from it. they don't see themselves as promoting anything other than their national interests and the greatness of chinese civilization. >> if i would say that north ko

so that's what draws putin and xi jing ping together. but it's an opposition to american imperialism as the ideological imperialism as they see it. the other characteristic is resurgence or reemergence of a certain kind of nationalism. which does bear some resemblance to at least elements of fascist ideology of the 1930s. in particular on -- an emphasis on violence, militarism that, i think, east common. in the chinese case and the russian and other examples, as well. but for the moment with the exception of the islamist regimes, we're not talking about people who are actively trying to promote and promulgate a set of ideas. the last point on china, some people a few years ago were talking about a beijing consensus and alternative to a washington consensus which purportedly -- and market economics. that was a western construct and the chinese ran as fast as they could away from it. they don't see themselves as promoting anything other than their national interests and the greatness of chinese civilization. >> if i would say that north ko

i'm thinking of a childhood jing will. jack in the beanstalk, fe, fi fo, fum and that is the case here. he calls this plan an opportunity grant as it would consolidate safety net programs such as food stamps and housing vouchers until a single grant to states. if that sounds familiar, that's because an opportunity grant is nothing more than block grants under a new name and block grants have been shown to have limited impact in helping to lift people out of poverty. if mr. ryan really wants to lift people out of poverty, he would support a raise in the minimum wage. raising the minimum wage will increase the take-home pay for 28 million workers through 2016 and create 85,000 new jobs as a result of increased economic opportunity. . at the very least, i know my colleague, representative barbara lee from california is, as i am, undertaking the challenge to live on a minimum wage by living off $77. the average amount of money left over for full-time minimum wage earnings after taxes and housing expenses. i would challenge mr.