>> mackenzy goode: sometimes. would skip that step and she would still go out. >> whitaker: some nights, their grandmother beth would secretly park down the street from where her daughter and grandchildren were staying at the time, to keep watch-- all night. >> mackenzy goode: it always made me feel safer that she was out there, because we knew that if anything were to happen, we could, like, get a hold of her really quickly. >> whitaker: she's like your guardian angel. >> mackenzy goode: yeah. >> whitaker: being a guardian angel has taken a toll. beth told us she has wiped out her savings. alexia got a job to help with the bills. >> beth klaus: and sometimes, i can't pay my electric bill, and i'll have to wait. and i go to the food bank a lot, you know. if i buy them things that are used, i wash them and put them in a box and give them to them. and they've never-- they don't complain. >> whitaker: what has your grandmother had to sacrifice to take care of you guys? >> alexia ansley: dating. ( laughs ) she says it

joining us now, tom mackenzie. good morning.esponse, what is in the response from china? to it for 10, isn't it? tom cole and it is. they hit back with their own said theyith -- they were forced to retaliate and said they will be taking the u.s. to the wto. in terms of what we are seeing from the business community, i am here in a metropolis in southwest china where there is a meeting of the tech ceos with policymakers also, western u.s. companies are meeting here as well. what we're hearing from the , he wasexecutives saying that the u.s.-china trade tensions are starting to have an impact negatively on technological innovation. other sentiment we have had talking to business leaders for the few weeks and investors is a concern not just about the thect on exports that sentiment toward chinese investment. whether that is the retooling of [inaudible] telecoms equipment maker and the illustration of how vulnerable some chinese companies are. the concern is that many have seen their stock prices pummeled as a result of the trade te

rishaad: good stuff. tom mackenzie in shanghai. hong kong in the middle of its biggest summer for ipos, however of stock market has been lackluster with little to stoke excitement. let's get over to sophie kamaruddin the hong kong stock exchange. the debut has been marked by a lack of enthusiasm best far, why? i don't think sophie can hear me. why the lack of enthusiasm there for this particular offering, china tower. a couple of audio issues there. we can have a look at first word news. some of the stories making headlines, particularly having a look at the u.s. .iring another salvo here is first word news. >> the trump administration says it intends to reimpose sanctions and considering further penalties after that. the national security adviser told fox that any waivers will be few and far between. the renewed tensions are having an effect. speculation is rising that turkey will need to controls and a bailout from the imf as the currency reels from monday's plunge. the currency remains vulnerable as officials head to washington

goods. bhp expects consumers to push back as they become aware of what is the true economic problem. seeew mackenzieoes not any slowdown for bhp, especially in china. andrew: we are not seeing a slowdown in china. copper,a little bit in but other than that, everything is going well. obviously, the concerns looking forward is that if protectionism takes hold, it will have a dampening effect on the economy, and that will affect bhp. but we do expects china will mitigate some of the impact it faces. we do not just sell to china. we do more to stimulate domestic demand, and this week we will what irder, and from learned from talking to trade ministers around the world, a lot of countries want to trade more with each other, and it looks like the u.s. wants to trade less. china will walk into that area and find exports with other people. we do not think the impact on china, even as these issues become real, is going to be that significant in the short term. we worry about protectionism generally because it is bad for the growth and global economy. >> we have seen prices from commodities. something like 19

tariffs on another dickstein billion dollars of billion ofds -- $16 chinese goods, delivering on a previous thread. tom mackenziefrom shanghai. as markets shrug it off, it continues to incrementally escalate. tom: like tennis, the ball now is in china's court. they are likely to hit back and detail their own extreme billion dollars of tariffs -- $16 billion of tariffs. then you look at washington, the ball goes back to their side. reviewing $200 billion of tariffs that could be imposed early september. china said it would respond with its own list of goods. you are looking at middle of september, likely you have $250 billion of chinese goods targeted by the u.s., versus $110 billion of u.s. goods targeted by the chinese. if you look at an aggregate of tariffs in china, around 15% to 16% of u.s. goods if we get to pre-wtont, about standards. no signs of talks yet. we get a sense that the chinese are digging in for a long fight. ramy: looking at the yuan, at its lowest since august 1 or so, what do we know in terms of what the pboc is trying to do to support that? tom: additional steps from the pboc. they had a me

mackenzie mcdonald, 20- year-old michael mmoh and 20- year-old-frances tiafoe. that represents 22% of the male u.s players. >> they are continuing to rise we the ranks. e had a couple of good years here. you've got a couple of other younger youngsters coming up in francis tiafoe, taylor fritz, macky macdonald had an unbelievable showing at wimbledon. so there were a lot of players that are in peline that are that are coming he and in timewill be back at the top of the ranks. >> reporter: an integral part of developing this pipeline, is finding and cultivating untapped talent in underrepresented communities. after winning the u.s. open in 1968, arthur ashe co-founded the national the n.j.t.l. league, since its founding, hundreds of thousands of kids in underserved areas across t country have gone through programs under the n.j.t.l. >> if i tap you, i want rdu to step foro this line. >> reporter: the junior tennis ch.,pions center, the j.t.c. has been bringing free tennis lessons in washington, d.c. and the surrounding area for nearly a decade. >> can i have a high-fope? that was d >> reporter: throughout the eight weeks, coach annessa taylor and the other coaches are watchi

amountng an additional of goods that could be hit with retaliatory tariffs. let's go to tom mackenzie. the president claiming to have the upper hand on china. tom: that's right. the president saying the tariffs are working big-time. he also said they were the measure that were going to take action and make an impact on china. he hit again at the deficit. take a look at what he said at this rally in ohio. trump: $500 billion. we have really rebuilt china. we rebuild -- it is time we rebuild our own country now. if the president is talking about the deficit, it is not quite $500 billion. it was interesting to hear from him pointing out that the u.s. equity market is weaker. he said that was a point of leverage that showed that the u.s. had some pressure to bear on china. he suggested these measures were starting to work. the lines out of china on friday evening, outlining this list of retaliatory tariffs. in ine both sides digging terms of these trade tensions. ramy: beijing has responded with some kind of number. what are the details? this is targeting $60 billion worth of u.s. goods.

economic growth and raising the price of goods, and also expecting consumers to push back as they become aware of the true economic cost. for now, however, ceo andrew mackenziet see a slowdown for bhp in china. -- especially in china. >> obviously, the concerns we have looking forward is if protectionism does take hold, it will have a dampening effect on the global economy. that will ultimately affect the -- affect bhp. but we do expect china will mitigate some of the impact it faces. of course we don't just sell to , china. it will do more to stimulate domestic demand. and as we have been reading this week it will work harder to , encourage exporters. from what i learned from talking to trade ministers around the world, a lot of countries want to trade more with each other. -- with each other, now that it looks like the u.s. wants to trade less with them. but we worry about protectionism generally because it is bad for global growth and the economy. >> fortescue metals with a slide in profit to $878 million when it reported monday. >> the trade tensions, the trade uncertainties -- how much if at all does that weigh into what your industry is contending with

mackenzie in beijing. and our guest joins us from the blog, and henrietta pacquement from wells fargo asset management is still with us. christine, gooding. , the lowest since the asian crisis. questions of whether there is contagion. when i look at argentina and see the fact it is hiked rates to the highest in the world, and you look at indonesia when the central bank has raised rates or times since may -- four times , --e may -- guest: to protect currencies, but there is this combination of other fundamental issues, for example in indonesia and turkey. the extent of which you are not seeing in indonesia where growth is good, the economy is developing. it has a lot of potential to fuel the growth for years on end. when you take into account the other fundamentals, apart from the fact that central banks have done similar things, that is when you can start to see maybe there is a way for these currencies to diverge from each other. let's get your thoughts on this.i have a function on the bloomberg . poster some of those children for the market crisis at the bottom. the argentinian peso, the turkish lira, the rand as well. there is some

mackenzie nolan and her best friend, big tex. a 1,000 pound nearly 14-foot-long gator. >> i'm not scared for my life out here. i know i'm in very good hands. >> she said the two bonded in her summer internship at gator country rescue, so it seemed only natural she would take her graduation photos with tex. >> i'm very happy to work with tex every single day. i wanted him to be a part of this special moment. >> those photos now have over 4,000 likes. and mackenzie says while big tex may look scary, he's really a gentle giant. >> he's been a really big part of my summer and i hope he loves me as much as i love him. >> we'll have more on these two coming up at 7:00, with your gma first look, i'm diane macedo, abc news. >> i thought we have been through this. >> wow. >> swee have the sharks that are biting people, we had the rhino that attacks a car yesterday. >> i mean, i'm glad she didn't get her hand bitten off. wow. >> this doesn't end well. >>> moving on. a drug used to treat blood pressure and heart failure is now under a major recall. we're getting more details. >>> plus, the extreme reason why president trump's star on the holly

good. >> hi, mommy. >> hi sweetheart. >> that is air force master sergeant mackenzie hugging her shocked daughter in the arizona classroomstory. pete: my take away school is already starting? it's only august 4th. you are from arizona, is this a thing. rick: no. i was in school like 30 years ago. pete: beautiful story but i couldn't stop thinking about it's only august 4th. rick: we have a bunch of back-to-school segment later today. is there even a summer anymore that they ken joy. abby: i think they get out earlier in the spring. i think they get out maybe in april. i'm just making that up as we go. i hope. pete: totally not true. abby: fake news. rick: all right, guys. take a look at these maps. point this out. 98 degrees in phoenix. 3:40 in the morning there. obviously really hot. 76 here in new york. right here along the eastern seerkd. it's hot. it's humid. all that flooding yesterday that we were worried about in lynchburg, virginia from very heavy rains. take a look at the radar map and move this map forward. my clicker is not working so our audio person in the back maryland is forwarding this for me. that wa mar