earnings reports were a focus across the region especially in hong kong. starting in tokyo the nikkei fell 2.12% to end at 13,752 after a rise of almost 4% for the index in the previous two sessions. the stronger yen weighed on the market. the japanese currency gained ground after government officials countered media reports saying they might cut the corporate tax rate. in china, the shanghai composite shed 0.87% closing it 2,081 and extending its decline from wednesday. shares of drug makers declined following reports that regulators will beef up their investigation of antitrust violations. over in hong kong, the hang seng index finished little changed at 22,539 after mixed corporate earnings reports. among them clothing supplier with a strong performance. chinese internet giant holdings closed down after the firm reported profits below market expectations. >>> a tropical storm is causing havoc in china. meteorologist robert speta has more on that. robert? >> utor is the storm we have been watching all week. it didn't make landfall here on wednesday as a

hong kong is the largest importer of japanese foods in the region. more than 20% of japan's food exports end up there. >> translator: i really value japanese foods. they're high quality and beauty makes them very attractive. >> japan's farm ministry has been urging hong kong to lift its import ban on foods from five japanese prefectures. hong kong officials imposed the ban after the nuclear accident triggered by the 2011 earthquake. >>> and that's all for this edition of "newsline." i'm catherine kobayashi in tokyo. thanks for joining us.  >> i'm the executive vice president of the wilson center. i want to welcome all of you today. the wilson center was chartered by the congress as the official memorial to our 28th president. it is the nation's key nonpartisan policy form for tackling global issues through independent research, open

those in hong kong are down more, over 0.5%.petter china disclosed that ricci -- petrochina disclosed three executives are under investigation for severe breaches of discipline. extending losses for a third straight day. back to you in d.c. >> here is something you do not see every day -- does not exist in nature. something definitely knew, and they could expand the periodic table. the new element, which no one can agree on how to pronounce. discovered by russian scientists in 2004 when they slam together elements of calcium and a mayor cm --americium. it's adam number is 155. -- 115. thank you very much for watching. we will see you tomorrow. cctv news is next. captioned by the national captioning institute --www.ncicap.org-- 

. >>> activists in hong kong have postponed a trip to the islands which chinese call dalu. they planned to land on august 15th. that's the day japan commemorates the end of world war ii. members of the action committee for defending the islands spoke on board a boat anchored at a port in hong kong. their leader said they cannot leave in time because repairs to the vessel will not be finished. >> translator: we couldn't depart on august 12th, but once hong kong authorities finish the checks on the vessel, we want to leave within two weeks. >> last year, japanese authorities detained some members of the group and later deported them after they landed on one of the senkaku islands. activists based in taiwan say they will leave by thursday for the disputed islands, even if the hong kong group cannot start its voyage by then. >>> a taliban suicide bomber has attacked a police officer's funeral in pakistan. 30 people were killed and more than 50 wounded. the attack occurred just outside a mosque at the city's police headquarters in quetta, the capital of baluchistan. the bomber b

. >>> activists in hong kong have postponed a trip. st 1h.nitially planned to land that the day japan commemorates the end of world war ii. members of the action committee for defending the islands spoke on board the boat anchored at a port in hong kong. their leader said they cannot leave in time because repairs to the vessel will not be finished. >> translator: we couldn't depart on august 12th, but once hong kong authorities finish the checks on the vessel, we want to leave within two weeks. >> last year japanese authorities detained some members of the group and later deported them after they landed on one of the senkaku islands. activists based in taiwan say they will leave by thursday for the disputed islands, even if the hong kong group cannot start its voyage by then. >>> china's exports in july rose for the first time in two months but the growth is still slower than in recent years. customs officials say exports last month stood at $186 billion. that's up 5.1% from a year earlier, and reverses a drop of just over 3% in june.

to cross not the war in syria i'm joined by pepe escobar in hong kong he's an investigative journalist and author and we also have stephen slots and you're in new york he is a senior fellow at the century foundation and author of the book act of creation or a gentleman cross-talk rules in effect that means you can jump in anytime you want and go to hong kong for us pepe is this all about just this one mr obama is looking for justice and threatening to bomb syria no it's about president of united states of america and mash in his own web because he was reckless enough to be clear red line without sinking about the consequences and we're not talking about pulau or some island in the middle of the pacific who talk about the middle east so now he's backed into a corner he doesn't know what to do he's clueless my best sources and stephen maybe you can confirm that in new york and in wall street they tell me he's completely clueless he's surrounded by a bunch an absolute. some month i got the power in the year when which by the way she was absolutely enraged because the russian and the chine

to cross out the war in syria i'm joined by pepe escobar in hong kong he's an investigative journalist and author and we also have stephen sless and you're in new york he is a senior fellow at the century foundation and author of the book act of creation or a gentleman crosstalk rules in effect that means you can jump in anytime you want if i go to hong kong for us that means it's all about justice mr obama is looking for justice and threatening to bomb syria no it's about president of the united states of america and mash in his own web because he was reckless enough to declare a red line without sinking about the consequences and we're not talking about pulau or some island in the middle of the pacific to talk about the middle east so now he's backed into a corner he doesn't know what to do he's clueless my best sources and stephen maybe you can confirm that in new york and in wall street they tell me he's completely clueless he's surrounded by a bunch of absolute atheists some months i got the power in the year when which by the way she was absolutely enraged because the russian and

he looks at mayors all over the world; bangkok, london, hong kong. fascinating stuff. >> host: and david bentley hart has a new book. >> guest: he wrote a book ca ca ca -- a couple years ago where he looked at what he called the angry atheists, people like christopher hitchens, daniel dennett and richard dawkins and wondered why in this particular moment there was such hostility to religion by some of our public intellectuals. in this book he really wants to get aside from the politics of it all and look across most of the denominations to the experience of god. how people across different can faiths understand god as an emotional and spiritual presence in chair lives. -- in their lives. and it's a gorgeous book. he's an amazing writer, i think one of the great stylists. and this is a real opportunity to sit with a major theologian and wonder about how god is

he flies to hong kong with four laptops that give him to access to some of the u- s government's most classified secrets. on june 5th, the british guardian publishes the first of his leaked information. june 23rd: snowden leaves hong kong for moscow, one day after being charged with violating u-s espionage laws. the u=s presses for applies for temporary asylum. today it was granted. snowden's russian lawyer holds up the official papers ending his 39 days in the transit lounge at moscow airport. the papers allow him to stay anywhere in russia for at least one year. learning russian. and he has a job offer from the russian version of facebook. snowden's father says he's making plans to visit his son. "i think russia is the best behalf that's where he -- russia, i believe, has the strength and conviction to protect my son at this point." snowden left the airport in the company of wikileaks adviser susan harrison, who has been with him since he left hong kong. statement from him today, thanking the russian the end the law is winning." the white house. "mr. snowden is not a whistle blower.

, we're actually earlier on today a ship sank 80 kilometers southwest of hong kong. the crew was rescued by helicopter but it shows the strength of these winds. kicking up winds 8 meters high. now the storm overland and decreasing during the overnight hours. the main threat is going to be river flooding further inland. it won't be going too far inland. high pressure is keeping things dree across central and eastern china. the rain is concentrated in southeastern china. you see that looping back around the 72-hour outlook, that next storm system could be impacting by the weekend or early next week. we'll keep a very close eye. mainland japan and china, high pressure is in place and the records are hot. record breaking back on monday. not much changed since then. it's a little bit cooler relatively, still above average across most of the area but the high pressure combined with the tibetan high is remaining in place. temperatures are reflecting that, shanghai with 31. tokyo cooler, not getting up to the 40 degree mark but 35 here into thursday. let's look towards the a

>> hong kong has an extremely free economy.hong kong constantly is ranked by conservative or free-market research institutes either as the number one or number two freest economy in the world. so when you talk about it that way our economy definitely is less free compared to hong kong's. >> i think that's it. thank thank you. >> thank you so much. it's been an honor. [applause] >> thank you very much. she will be signing books over here in the corner. >> joining us on booktv is louise brockett was who is the vice president of norton publishing. what are some of the upcoming titles you have for the fall? >> we are very excited about some of the nonfiction titles we have coming up. we have graham rob who is a distinguished biographer known for his book the discovery of friends the biography of rambo, and many of the figures and he has an exciting book called the discovery of middle-earth which is not about talking as you might think from the title but it's rather about the druid civilization and how that civilization which is alm

he at one point went from hong kong to japan to recuperate. he was the one that wanted to be an artist and wanted to paint. i thought about that because it must have been hard growing up in hong kong to be far away from everything and have a dream and get sick at this point. i thought u is there a story here? that's the way it begins for writers. people think things jump out and we have it in our head. it's the opposite we have nothing in our head. we turn on the machine and praying for something to come. with women of the silk i researched for 6 amongs and read and read and read. in one book i found 2 lines about the woman silk workers and knew immediately that's hai wanted to write about. it came to me like a dream that every writer prays for that you just knew you wanted to write about this. with the second book it was difficult i sat down and didn't know what i was going to write for about 6 months. which was fearful for me because of the fact i knew i didn't have the second book. steven's story, i asked myself questions. a lot of writers

. >> donkey kong and pacman were destined for the dump. how two bay area brothers are giving old school games a second life. >> and i'm meteorologist paul deanno. it will not be as sunny and it will not be as warm for the upcoming holiday weekend. what will be it like weather- wise? i'll have the answer coming up. ,, female announcer: female announcer: when you see this truck, it means another neighbor is going to sleep better tonight because they went to sleep train's ticket to tempur-pedic event. choose from a huge selection of tempur-pedic models, including the new tempur-choice with head-to-toe customization. plus, get 36 months interest-free financing, two free pillows, and free same-day delivery. are you next? announcer: but don't wait. sleep train's ticket to tempur-pedic is ending soon. ♪ your ticket to a better night's sleep ♪ >>> as we get ready for the opening of of the new span of the bay bridge, these are demolition crews because part of the work involves taking the old bridge down. we're keeping an eye on the progress and we'

hong kong came back from yesterday's typhoon break ending on the flat line. in australia, finishing marginally in the red. a stronger yen weighed on japanese exporter stocks. panasonic shares lower by over 3% today. meanwhile, top gainers from yesterday such as financials and real estate stocks become underperformers on today's session on some profit taking. nomura holdings down 2.6% and sumitomo realty and development shed 3%. look at earnings news in hong kong. china mobile turned in its report card earlier today. first half profit climbed slightly better than expected 1.5% as fierce market competition persists. and shares added a modest .2%. in a much stronger showing for another blue chip stock, le fung, they reported a 70% drop in net profit yesterday, it said the worst is already over and is on track for recovery this year. shares soared almost 12%. brilliance auto hitting an all time high. shares jumped almost 7%. back to you, carolin. >> thank you so much for that. >>> time to look at what the currency markets are doing. the euro dollar is back below

and in hong kong, financial earning will be the flavor of the day. out from the bank of china, icbc, china merchants bank and china everbright. you got any thoughts or comments, please e-mail us, worldwide@cnbc.com. >>> plenty more to come. still to come, brazil is expected to hike interest rates to 9% today on a bid to fight inflation. and stem the fall of the real. will that help, though? anything as far as economy is concerned with structural changes. more to come in the second hour of "worldwide exchange" coming up right after this short break. >>> all right, this is "worldwide exchange." i'm ross westgate. a recap of the headlines. u.n. inspectors arrive into syria rebel held territories. oil prices have been pushed to two-year highs. global markets sell-off on the prospect of further conflict in the middle east. the emerging markets hit hardest. the indian currency, the rupee plunged past 68 to the dollar. bouygues shares bucking the trend. they are at the top of the stoxx 600 on better expected second half outlook as its cost cutting plans sta

kong. >> oh, hong kong, right, which is independent of china.>> right. >> come on, glen. >> the reason he's there is not because he thinks they are beacons of freedom but the reason he's there, the united states is no longer a safe place for whistle-blowers and said mr. ellsburg he was absolutely right to leave the united states because it's the only way to participate in a debate he started and avoid prosecution in the united states -- >> all right. >> he thinks they are lovely societies. >> let me give the final word to james risen here. james, i would simply say this, is there a limit, though? is there a limit to what kind of material people with the kind of access that edward snowden had should be allowed to put out there before it crosses a line? >> oh, of course. there is always limits on that and that's one of the things you do as a reporter as glen was just discussing. is you kind of make those decisions as you go along. all i'm trying to say is that the government always likes to say that huge national damage, national security damage i

shares in hong kong and shanghai are up.the chinese earnings season has been turning out to be substantially improved, says an analyst for asian equities for nomura. they have come in 10% ahead of consensus. the broader market in hong kong recovering after closing wednesday at the lowest level in more than five weeks while those in shanghai are up as well. back to you. >> thank you very much. thank you for watching. we will see you tomorrow. before we leave, here is a clip of martin luther king's iconic 1963 "i have a dream" speech at the national mall, along with president obama's speech 50 years later. >> just as i have a dream. my four little children one day live in a nation where they will not be judged by the color of their skin but by the content of their character. i have a dream. >> when we turn not from each other or on each other but towards one another and we find that we do not walk alone. that is where courage comes from. 

and asked him what worked best and the hong kong police had those reusually bags that seniors use and tips on what to look for not to be a victim of scams. so we stole their idea and the bags were paid for by asian peace officers association and members of the central station and tom from the district attorney's office. it didn't require any taxpayers' money. in the central this is community police at its best. we have ping-pong diplomacy who is challenging the mayor. our school resource officer is part of the program here at the school you can see him in the picture. this is our community police advisory board many members are here and represented by fisherman's wharf. we have mr. campbell and mike from russian hill and well represented by steven lee. and others. david represents lower knob hill and mickey jones represents north beach and tom rubbing i think so aquatic park. this is our assistant district attorney who is assigned to the sales tax. and she'll give a brief presentation on what she does. we speak 15 lawns at central station we have italian and mandarin and others and, o

snowden arrived from hong kong in late june and has been holed up in the transit zone ever since. his lawyers say he is free to go. >> translator: snowden has left the airport anded hadded for a safer place. >> he wants to move on to latin america that offered him permanent asylum. he worked on contract as an intelligence analyst for the national security agency. he told the guardian newspaper and other media that agents collect private internet and phone data. they defended the surveillance programs saying they prevented terrorist attacks. spokes purposes for the russian presidential office said the decision grant asylum will not affect relations with the u.s. the white house press secretary was less clear cut. >> we are extremely disappointed that the russian government would take this step despite our clear and lawful requests to have mr. snowden expelled to the united states to face the charges against him. >> he said president barack obama would attend the g-20 summit in st. petersburg in september, but the president may cancel a meeting with the russian president. snowden re

>> let's just say king kong ain't got nothing on you. >> "king kong." was fluffy's favorite movie. and he loved to take baths with a loofah like this one. and he loved popcorn. [ sobbing ] >> she left the chocolate. >> curtis, please. this is bigger than some flowers. >> i know, baby. that's why i got you something else. candy. [ laughs ] >> curtis, you cannot make this right with some candy and some flowers. >> ok, baby, i know. i know. i knew that, too. i knew you was gonna say that. i knew you was gonna say that. that's why you got the little, cute teddy bear. >> curtis, please, now. >> don't want the bear? >> curtis, i specifically asked you not to bring a gun into this house. >> i know. >> and you just disregarded everything i asked. and hid a gun in here. a loaded gun in a shoebox. in the living room closet. what were you thinking? >> baby, i was thinking i needed to put it somewhere i could get to quickly in case something happened. >> well, curtis, you put it where anybody could get to it quickly. did you forget that there were children here? >>

hong kong 24 for the high today. in north america, we have a disturbance over here which could be a tropical depression by thursday. head towards the yucatan peninsula. the lingering showers across the southeaste southeastern corner of the u.s. a potential for flooding further and fly and calm in the northeast of the u.s. and some spots of severe weather for the mid-section, but back behind it, dry weather continues mainly in idaho and utah, raising the potential for wildfires further. we have red flag warnings for this area. temperatures are cooling off across the northeast. 25 degrees in chicago. nice conditions to do some outside activities and 26 for you in new york city with abundance of sunshine. finally in europe then, unstable conditions are continuing across the north. we are seeing quite heavy rain and gusty conditions as well as hail in finland and northwestern russia on thursday. similarly unstable in italy and the balcan peninsula and the system will drift into the british aisles and bringing heavy rain.

kathy joins us live from hong kong. hello. >> it has been a flurry of big earnings announcements here, one after the other. china mobile, the world's biggest mobile carrier, with more than 740 million subscribers, says it may be close to a deal with apple. it is a deal that apple says would bring china back into the game. net profits are in line with market expectations, but for the first half of this year, it grew only 1.5% over the year before. china mobile is the only chinese carrier that does not have a contract with apple to sell iphones. the chairman address that on thursday after the markets closed. they are in talks with apple about reaching a possible agreement. china mobile shares in hong kong are up. lenovo shares are now up about half a percent after rising two percent on thursday. the world's largest piece the maker -- pc makers 23% jump in its first quarter, delivering its second-best orderly earnings ever. the world's largest cosmetics group, l'oreal, has offered to acquire a chinese company for $840 mill

a record number of organizations are taking part in the hong kong food show. expanding exports is one of prime minister abe's strategies with growing the economy. the 2013 food expo opened on thursday. the event is asia's largest food show that draws about 400,000 drz visitors a year. 230 exhibitors are there at the booth for ja and agricultural cooperative. they sampled peaches in central japan. they also got a taste of melons from the northern island of hokaido. they are the largest importers in the region. more than 20% of the food exports end up there. . >> translator: i really value japanese foods. they are high quality and beauty makes them very attractive. >> japan's farm ministry is urging hong kong to lift the imports on foods from five japanese prefectures. that concludes this edition of "newsline." i'm catherine kobayashi in tokyo. thank you very much for joining us. captioning sponsored by macneil/lehrer productions >> while we want to sustain our relationship with egypt, our traditional cooperation cannot continue as usual when civilians are being

and asked him what worked best and the hong kong police had those reusually bags that seniors use and tips on what to look for not to be a victim of scams. so we stole their idea and the bags were paid for by asian peace officers association and members of the central station and tom from the district attorney's office. it didn't require any taxpayers' money. in the central this is community police at its best. we have ping-pong diplomacy who is challenging the mayor. our school resource officer is part of the program here at the school you can see him in the picture. this is our community police advisory board man

shares in hong kong are now down as much as 4%. big big china mobile reports after the market closes. thanks to cost-cutting and stronger service, that is a big improvement after a loss of nearly $120 million in the first half of last year. cathy pacific shares in hong kong are down now more than 1%. in the nikkei close on a one- week high on wednesday a positive economic data in europe and the united states. in the first hour of trading, the benchmark index is off by over half of 1% in tokyo. >> thank you. 300 people have been killed and 2000 injured across egypt. cctv america will continue to watch this develop a story and give you updates throughout each hour. we will see you tomorrow.

and then kong-rey is going to pull off to the northeast. it's going to tangle up with our cold front and coming off korea right now. and as it does so it's going to follow right along this, kind of like a river. this is water flowing downstream in this low pressure area. and that's going to bring some heavy rainfall across much of japan, western ku kyushu. these areas are still drying off from the rainfall last weekend. widespread precipitation, even into tokyo by saturday afternoon don't be surprise first-degree you see a couple thunderstorms flaring up. and plus the winds coming in from the south ahead of this storm system, tropical storm strength all along the coastline. going to make for rough surf out here. definitely do not want to head toward the beaches. stay out of the water if you can. temperatures into the 30s though for the time being. but behind that cold front really cooling off, 28 in beijing at 26. take a look over towards europe. we have some spotty weather across the mediterranean. unstable air into northern balka balkans.

hong kong only 24 degrees for the high today. in north america we have a disturbance which could become a tropical depression by thursday and head towards the yucatan peninsula. and the lingering showers across the southeastern corner of the u.s. rain will continue into your weekend raising the potential for flooding even further in towards the north dry weather and calm weather across the northeast. some spots of severe weather for the midsection of the u.s., but back behind it dry weather still continues mainly in idaho and utah, raising the potential for wildfires even further. we have red flag warnings posted for this area. temperatures are cooling off across the northeast. 25 degrees in chicago. nice condition to do some outside activities and 26 for you in new york city with abundance of sunshine. finally in europe then, unstable conditions are continuing across the north. we are seeing some quite heavy rain, gusty conditions as well as hail mainly in finland and northwestern russia on thursday. similarly unstable across th

i'm annie kong, i'm the project sponsor. we have tried to start to remodel and move in. we have worked with our neighbors in good faith to try to come up with a resolution. unfortunately, we could not resolve this matter. we even setback, actually plan got approved by the planning department and on our own good faith we setback the property to accommodate our neighbor. i went out to the neighborhood and i talked to many neighborhoods and showed them the plan and consolidate what we tried to do. all the neighbors, actually people that signed, approved the plans. i'm asking for you to help me move this project on because it has been a year 1/2. i would like to move in, i would like to have my parents there on the lower level and my children are graduating and they can live on the upper level. i hope the commissioner and the appeal board, that you will uphold the permit and move forward on this project. >> it's very difficult for us to know the full context of appellant and your own designs, but we don't have any drawings. all we have is a site plan, small scale that doesn'

we have more from hong kong. >> space, the final holiday frontier, the place of many childhood dreamsay not be within reach. two corporations are expected to begin scheduled flights outside the earth's atmosphere. >> our aim is to make space affordable to everyone. we would like to also get people who may have dreams when they're young to want to go to space, they will be our clients. we have parents who buy ticket for their children and give them as a present, and retired people. >> 250 customers have signed up globally, about half that virgin, richard branson's company has opened an office in asia hoping to attract interest from china's new wealthy. >> we expect to sell 250 tickets the first year. we will be sure that it will triple from the figure we are talking about. >> from it's space port in the u.s., the ultimate experience is offered. clients are trained as astronauts and co pilot the vehicle for an adventure that lasts just six minutes. it's enough for one of the first customers, a self described adventure travel junkie. >> i will trust the company. this is not new technolog

and already we've been seeing winds in hong kong about 80, 90 kilometers. also heavy rain across the philippines. as far as the center of circulation, it's really broad at this time. you have this very deep monsoonal depression. so that means heavy rains over a widespread area as this does continue to work off there towards the northwest. making landfall by friday afternoon going through the evening hours there in hanan province. 150 millimeters of rainfall toward guangdong and gaungxi province. so that just equates to some risk of flash flooding, even landslides that does continue to push off toward the northwest. not just here in southern china. over towards northern portions of the philippines. and then we have to watch a low pressure area coming in from the east. very well could develop into a tropical depression here in the coming days. a lot going on in the tropics. we have a frontal area over japan. really stationary boundary. see it here in the blue. that is really going to start the weekend out as we go into friday. then eventually by saturday, hig

would i do well in hong kong with this thing?ut 80% is what you would get with a luxury brand. this is one-of-a-kind phenomenon for right now. hong kong, yes, lady's finance company accepts luxury handbags on the spot and procure loans of 80% of bag's value within half an hour. 10 of thousands of dollars in es exchange for a bag. they will exchange the bag or has to be gucci, chanel, or stoop sometimes down to the level of prada. the four-year-old company returns the bag once the owner repays the same loan with 4% monthly interest within four months. the exploring, exploding luxury consumption in hong kong and main lane china create ad twist on a pawn shop, originally popularized by poorest dents of hong kong who sell watches and jewelry and electronics to their pawn brokers. for a purse loan, for many a purse loan is so much less risky than advanced credit which requires repayment and can affect your credit rating. frankly if you own one of these handbags, you might not notice it missing if you don't get it back. interesting nug

in hong kong. (mala) god, my parents spent a fortune trying to find my sister.f hilary were alive, she would have contacted us. (eames) there's no mistake, mala. it's her fingerprint, and it's recent. the missing persons report mentions hilary was getting married? yeah. she called us from hong kong. said she had met her soul mate, and she sounded so happy. then we didn't hear from her again. that must have been hard for you, huh? you were young when your sister disappeared. it must have made the world a frightening place for you, huh? is this supposed to be her? you know...older, blonder. i saw that woman at a party a few weeks ago. i didn't think it could be hilary. i just...couldn't get her out of my head. whose party was it? um, a friend gave my name to a party service. they fax me invitations, and... i meet a lot of interesting people. sometimes they buy my art. (eames) her name's hilary marsden, mr. fremont, with a "d."] (goren) she might be blonde now. sorry, i don't recognize her. what about your guest list database? maybe she's on it. uh, this way. we ha

well, even farther down towards the south i did mention kong-rey that is still our tropical storm. it's even bringing heavy rainfall still across tie waait. that moisture inflow, some areas here have now seen in the past 48 hours over 100 millimeters of rain. several casualties reported there as well just due to the intense flooding. now all that threat is shifting off to the northeast across much of japan. as far as tropical storm kong-rey, it is going to continue to weaken saturday becoming a tropical depression merging with our stationary boundary. heavy rainfall across much of western japan. and still expected into the hokuriku region. into the pacific coast here we are going to be seeing heavy showers possibly, isolated showers. only into the afternoon and evening hours it's going to be expected out there. but temperatures are really going to stay on the warm side here on saturday. 36 expected for the high. it's going to cool off though as that cold front does continue to push overhead. 28 there in seoul. that's eventually going to work its way out there towards the east going

in just the past two years, the national real estate agency franchise expanded into china, hong kong and south korea. and hopes to raise $100 million in the ipo. >>> the real estate website agreed to buy street easy for $50 million cash, looking to expand coverage of the new york city housing market. street easy has more than 1 million unique monthly users in the new york area alone, most of them searching to buy or rent an apartment or home. >>> a trio of small health care deals topped our market focus tonight. medical device maker st. jude is paying more than $300 million for a privately held swiss company which specializes in catheter products. another device maker, cr bart, is acquiring metaphor, this a private company making institutional tubing. shares of st. jude fell slightly to $51.44. cr bard rose half a percent to $112 and change. abbott labs lost a fraction to $34.88. >>> shares of cobalt international energy fell sharply today. the oil and gas exploration company did not find oil in its wells off the gulf of mexico. the company calls the result disappointing, but is stil

. >> rob mcbride is joining us from hong kong. what is the impact of this fallout? expect, there is significant impact. a importer of powdered milk from new zealand. is 80 or 90% of the powder that goes into making that product. the chinese authorities have been quick to identify the producer in china who uses this product. the other types of milk powder. the question is, how much impact will this have? some people are saying that it will be fairly easy to transfer supplies from european producers. that remains to be seen. getting these products off the market. we will have a press conference later today with more about their plans and dealing with the chain of supply. also, restoring confidence in exports. >> the consumers, this is not the first time that chinese consumers have been hits with a milk taints scandal. scandal it the big started out with baby milk formula. this company was a part owner of that company. was known tony found to be at fault. that anythingief that is coming from abroad is good. we see this in europe and hong kong, putting restrictions on b

. >> by coaxing edward snowden to go to hong kong? >> who knew he was giving up his life basically to come forward because of his conscious. >> he has no idea what he's doing. >> he had no idea he'd end up in russia. >> go to hong kong, stay in an airport for three and a half week, then go to russia where i really have some freedom. >> manning got 35 years. if i was ed snowden, i'd start taking russian language courses. >> you're not suggesting that ed snowden has come out clean on this now that he's accepted asylum from the kgb. >> where is he going to go? >> stay in the united states and get tortured? >> tortured? water boarding? >> do you think manning was treated well? >> sure. oh, really? >> would you rather get 35 years in jail or go live in another country. >> hicks said i got a problem with the way we handle things in libya. here's my problem, here's the guilt i feel. this is what really unfolded and if you want to fire me, do it. he was a whistleblower. >> all snowden has to do is wait on obama's term. that will be fine. >> r

hong kong, higher by .4%. we saw big gains in the h shares, chinese listed shares in hong kong.cause we got that really big number for pmi for the month of august. and also getting the drop, the positive drop from the european numbers that came out 3:30 our time here today. but difficulties in the southeast asian region, particularly in the emerging markets. philippines, one of the worst performers, back to trade, after being absent from the markets for the entire week because of public holiday and also because of the flooding situation, kept the markets closed. we continue to see the selling pressure in the southeast asian region, all markets closed, but coming off the worst levels of the day. currency markets, cleese cloose the indian rupee, which, today, fell to another record low for the sixth trading session, touching 65 plus versus the u.s. dollar. we're just seeing that now hover at 65, very volatile session for that. the rupiah, another four-year low, 10,800. most of the southeast asian currency got hit hard today. the stocks we're watching out for, responding to earning

discuss this further with pepe escobar correspondent for the asia times who joins me now live from hong kong thank you very much for coming on to the program this morning there have been protests since twenty eleven in saudi arabia there have been many arrests since then too but there hasn't been much global media coverage of this why do you think that's the case. well we should go to break down this strategy of the house of souled expanding on what your interview we said before basically it's carrots and stick carrots in the form of a sixty billion dollar handout program by king abdullah at the beginning of the arab spring in two thousand and one the saudis were horrified by the beginning of the arab spring in neighboring bahrain so they bribe their own subjects number one number two this stick is against the shiite minority roughly ten percent of saudi arabia who lives in the eastern province that's where most of the oil is by the way they don't want to bring down the house of souled essentially they want more participation the judiciary that not answering to religious powers in basically

its muscles the only going well to discuss that i'm now joined by being founding dean of the chan kong graduate school of business thank you very much for your time sir now i think the difference between american and chinese approach is best expressed in terms of games theory americans really believe in being either a loser or a winner but i think china's mentality is a bit different i think the one central. chinese way i think about global covenants is the sir confucius notion of diversity is maybe the precondition for harmony so one china was the center of global economy global civilization your time in town and a town dynasty china surely never imposed anything any other country because confucius thinks you live the way you live i leave it where i live. diversity is a precondition for civilization to advance we all can make mistake together then you can think right maybe five hundred years later could be totally wrong so you need to pee poor lift the weight differently to preserve the diversity and you can argue that this is a form of checks and balances that americans like so much