all japanese schools in mainland china plan to close on tuesday. japan's foreign minister and the u.s. defense secretary have been discussing how to diffuse the tension between japan and china. gemba and panetta met. >> translator: we agreed that japan and the u.s. will work together to prevent japan/china relations from worsening. >> panetta met later in the day with japan's defense minister. panetta told reporters that tokyo and washington agreed the disputed islands are covered by the security treaty. but the u.s. will not take sides and urged both countries to act with restraint. >> the united states as a matter of policy does not take a position with regards to competing sovereignty claims. it is extremely important that diplomatic needs on both sides be used to try to constructively resolve these issues. >> the threat of more protests is prompting japanese firms in china to temporarily close factories and stores. panasonic has suspended operations at three factories until tuesday after protesters damaged buildings and equipment. electronics ma

you could think that mainland china is part ofhe markets.rrator: the relationship betweenaiwan and mainland china has en strained since 1949. in the wake of the communist revolution, chinese nationalists fled to taiwan and established their own government. polical tensions continue to flare on both sides of t strait. each society has those who desire independence for taiwan and others who believe taiwan should be reunified with china. and china's use of force to bring about reunification has always been a tacit threat. but the lure of lucrative business ventures may be able to transcend even political concerns. tapping china's high-tech market marks a third wave of taiwanese movement across the strait. 1986 saw the first wave. manufacturers ofonal goods like clothing and toys set up factories in china's southern guadong province. there they found cheap land and labofor their assembly plants. in the 1990s, chp labor again drew theakers of personal couter cponent pas to gngdong province. these components were sembled for the u.s. and japanese

and urged china to ensure the safety of jamz nationals living on mainland china. -japanese unrest could be refueled next week as china marks the anniversary of a japanese invasion 81 years ago. >>> new research out today finds kids are eating too much salt and could be leading to health problems. the centers for disease control says 6200 children age 8 to 18, found 15% had high blood pressure or slightly elevated blood pressure. on average kids ate 3300 milligrams of assault or sodium daily. that's more than recommended. >>> coming up the big secret that hospitals don't want to you know. i'm terrell brown. this is the "cbs morning news". i'm terrell brown. this is the "cbs morning news". ♪ abracadabra. hershey's milk chocolate with almonds in pieces. your favorites, in pieces. hgotta start the day off right. wardrobe. cute. then new activia breakfast blend. a great way to help start the day. mmm... creamy lowfat yogurt with grains in yummy breakfast flavors, like apple cinnamon. its hearty, with twice the protein of regular lowfat yogurt and helps regulate your dig

while urging china to ensure the safety of the more than 100,000 japanese nationals living on mainland china. anti-japanese unrest could be refueled next week as china marks the anniversary of a japanese invasion 81 years ago. lucy craft, cbs news, tokyo. >> jeff: prince william and his wife catherine are continuing their tour of the south pacific today visiting the solomon islands. meanwhile in france lawyers for the royal cup el-- couple will go to court to block further publication of topless photos of the duchess. coming up, now you see it, now you don't. the growing epidemic of smartphone thefts. >> jeff: finally tonight many customers are locking forward to the official release this friday of apple's iphone 5. and so are many thieves. lee cowan explains why. >> reporter: they are often brazen daylight attacks like this. a woman talk on her cell phone one minute, the next it's gone. and she's left in utter disbelief. that crime took place in san francisco where these days about half of all robberies involve a smartphone. >> it's like gold. >> reporter: in los angeles lieutenant paul ver

local fans and tourists from mainland china also celebrated the birthday in hong kong, a giant cake was made for the occasion using one of doraemon's favorite dishes, bean pan aches. this one is set with diamonds worth about $100 million. >> translator: this erent has nothing do with diplomatic tension of between japan and china. we should treat them separately. >> popular with asia and south florida. they got their first look at the tv version 30 years ago. >>> people in the korean peninsula dealt with heavy rain recently and it looks like there is more on the way. rachel frg furgason joins us with the latest in her worldwide forecast. >> yes, that's it. we have more heavy rain he head together korean peninsula. there is a band of rain from south eastern russia through in towards central eastern china. one of the low pressure systems is heading in towards the korean peninsula and bringing with it torrential rain and thunderstorm so there is potential for further flooding, landslides and mud slides here on the korean peninsula had a rough time reisn't wli several bouts of torrential rai

this hotel tries to attract visitors from mainland china. they make up almost 40% of the guests. the hotel is usually full of chinese guests, but none of them are here today. the hotel just learned that a group of 70 tourists counseled their reservations. there have been 4,000 cancellations since the dispute with china began. that's more than $500,000 in lost business. and more cancelations flew. many take extended holidays from next week. >> next week is normal low the busiest time for chinese guests during the whole year, but we had several cancellations and we are getting worried. >> he is not the only one who is concerned. tourists from china account for a quarter of all international visitors to japan. they are also the biggest individual spenders. one said 50% in the number of chinese visitors will translate to a loss of $1 billion for japan's gdp. japanese firms operated in china and have taken a bigger hit. protesters and dozens of chinese cities targeted their own businesses. >> translator: i felt like my body was being tortured, watching the cars being destroyed. >> in

pandas live in the wild in southern china, with 300 in captivity, including those outside of mainland china. >> pandas are amazing creatures. >> reporter: they have driven chinese scientists to extreme, donning panda suits to introduce them to the wild, showing tapes of others mating. even turning to blue pills to help them with what should come naturally. why do they have trouble mating? first, they are solitary creatures, living only in the wild, and females are only able to get pregnant for a short time. these two at the zoo in atlanta have produced three cubs. >> we always give them a chance to mate first, and if that is not successful, we follow up with the artificial insemination. >> reporter: using this to help the creatures that have a hold on our heart. ann thompson, nbc news, new york. >> that is our broadcast as we start out a new week, thank you for joining us, i'm brian williams, and of course we hope to see you right back here tomorrow evening. good night. >>> right now at 6:00, a refinery under fire. we're live in richmond. what's expected to be a crowded community meeting. >

the worst consequences are that the chinese don't let me on mainland china. tavis: that is a consequence. do your films play there? >> underground. tavis: that as a consequence. studios want your films to make money. >> i still keep working. how is, i don't know. i am going with the flow. it is a great script and great people, i am there. i will do it. but i have this wonderful experience after i was not allowed inside anymore. but i am allowed in hong kong. i think i will still be ok for a while. i remember coming through customs, and still, everyone is careful. i came through customs and customs guy looked at me and looked at the passport and he looked over his shoulder. she said, autographed please? i gave him an autograph and he got very professional. it happened in the hotel. i made the movie, red corner. a political story about the chinese judicial system, or lack of a judicial system. the good film, i like the film. i was going out in the elevator and the movie was called red corner. develop -- the elevator operator was looking at numbers and he looks

i think there's a lot of concern about china and luxury and too much focus has been placed on mainland china. where growth is being normalized. people miss how strong europe is. what's happening with a lot of wealthy chinese, they travel a lot, the euro is weaker, taxes are lower, fashion is fresher and a whole lot are coming in. not just chinese, shoppers from emerging markets coming here, picking up luxury goods. if you combine that with what's happening in mainland china you get a healthy look. >> it's china, wealthier emerging consumers looking, the same way companies used to take a look at tax situations. now you're seeing consumers play the same game. >> that's exactly right. if you factor that in, they're doing just fine. the other thing i would say that's different about richemont and hermes -- >> herm was a standout number. >> absolutely. what you're seeing is the chinese enduring faster than what western shoppers ever did. what i mean is they already know when the iconic exclusive brands are. they're seeking out exclusivity. it's no surprise that hermes, cartier, richecmont are see

what kind of weapons was america planning to sell to taiwan, the rebellious chinese island that mainland chinao reclaim. it's july 2007. they're driving outside washington, and neither man knows that what they are about to do is being recorded by two cameras the fbi has concealed in their car. >> i'll just give you-- let you have the money. >> oh, oh. are you sure that that's okay? >> yeah, yeah, fine. >> you're sure? >> we watched the tape with john slattery, the fbi agent at headquarters who oversaw the case. he retired as a deputy assistant director. what's happening there? >> information has been passed prior, and this is reward for that, or there is expectation that passage of information is forthcoming. so that's what's happening right here. >> how much money is he holding in his hand? >> i think we're probably looking at about $2,000 thereabouts. >> tai shen kuo's money and contacts came to the fbi's attention while the bureau was investigating a different chinese espionage case. they followed him, tapped his phone, watched his email, and all of that led to bergersen. in the car, the pe

the storm is moving towards the mainland of china. okinawa is an island to the south-southwest of the main island chain. a storm has a 85 mile an hour winds. is it no longer a super-typhoon, which it was yesterday. it is doubt -- now a category one hurricane. by the time it makes landfall in japan, just southwest of tokyo, it will probably be what we would consider a tropical storm. winds gusting at 75 miles per hour. the storm's center should pass to the west of tokyo, which put the strongest winds over tokyo itself. it is carrying a lot of moisture. it is not as strong as it was yesterday, but nonetheless, the storm is going to disrupt things in parts of southern japan over the next 24 hours. landfall is expected to happen over the next couple of hours. our own situation. a tropical air is to the south. we see the rain activity off to the south. we have a disturbance in the great lakes and ontario. it has stirred things up and parts of pennsylvania. we've got some clouds of that. there might be a few sprinkles to the north of us. th

a different between hong kong and mainland china is in mainland china they say here via in hong kong with his british inheritance, the hucksters have to say fake rolex, fake rolex that there's transparency and labeling. i think the corporations must be hypervigilant about this amounted to an aviation illustration in a second. but also recognized in the long run, china is going to trap itself if it can't solve this problem for some corporation because it won't have a some pharmaceutical companies, its own if they can't be protected against their own people. that is why the solution of this low-wage trap issue is interesting because china is to solve it and become the country that has its own boeings, apples , rolexes, that will suggest a lot of other changes in how china has done its business. so that is an important point. finally an aviation, the crown jewel of aviation and intellectual property are actually the engines. so ge and groceries are properly thinking all the time about how they can do what they must inside china, but also to keep their most important work safe as much as

usually the reports go to the mainland of china. as the source for those attacks. we have reached a point where as theaying goes, failure is not an option for this business system. fragile and protected it appears right now insufficiently. here's a perfect example of where a public and private partnership can be meaningful. the government and some of its best people in dod and enormous technological capabilities, together with the people in the financial world have to build firewalls that are imperative to the u.s. government and the most advanced minds, if they don't work together, we could be in deep trouble. we might be in a deeper kind of trouble because we don't seem to be finding ourselves capable of extricating ourselves from the impact of high frequency trading. this is, as you know, a number of people have said we have to rein in high frequency trading. some suggest -- well, let's do this. let's take a look at the trading this week on the new york stock exchange. if we can have that graphic, please. on monday, the trading was 3.33 billion, 3.41 yesterday a

it lead to basically a state of permanent war on the ashane mainland with china, burma, vietnam, and then, of course in 1911, when they expanded in to the [inaudible] for the petroleum in the philippines. >> all right. do you feel that all the pertinent information that was classified after the second world war ii has been released now? >> as far as i know all the operational material has long since been declassified. it's possible, perhaps even probable that some of the crip tow remains classified. not because of the content, but prance of the meftds used. the geniuses who were able to decipher complex military and diplomatic codes by hand, you know, thought they were cooking with gas, as they used to say when they got analog computers. now there are banks and banks of extremely powerful electronic computers that can crack most codes within a matter of days or hours. i can understand why the crypt to guys prefer to're on the side of cautious. >> -- [inaudible] against going to war with the united states the changedder of the chief -- [inaudible] most influential man in the navy. the

more ambitious and aggressive and that led to basically a state of permanent war of the asian mainland with china, burma, vietnam and 1941 when the expanded to the dutch east indies for its petroleum and the philippines yes, sir? >> do you feel the pertinent information that was classified after the second world war has been released now? >> as far as i know, all of the operational material has long since been declassified. it's possible and probable that some of the material remains classified not because of the content of it but because of the methods used. although the geniuses who were able to decipher complex diplomatic codes by hand felt they were cooking with gas something about the computers. now there are banks and banks of powerful electronic computers that can crack most codes in a matter of days if not hours. i can understand why they are on the side of caution yes, sir? >> prior to the war he was very much against going to war in the united states. i'm sure the exact pilot of the navy the most influential man in the navy. the army was growing rim bid in china and they were militarist

on mainland china, they're beginning to destroy some japanese businesses and so forth.that's a deteriorating situation also. >> auto makers, too. >> absolutely. >> we'll see you later. >>> when we come back, it's the biggest u.s. ipo since facebook. and then could twit bter be the next to go public? plus, the dirty little secret of most start-ups. all that when we come back. [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> just heard the opening bell, as we kick off this wednesday session after the worst day for the s&p 500 in about three months, as you probably know by now, the dow lost 101 points yesterday. still avo

china will recognize an independent taiwan. that still leaves open the question of the character of a future relationship between taiwan and the mainland of china. i think there are lots of possibilities. something that is independent, recognized as a nation in the u.n., i think that is one of the lowest probability outcomes i can imagine. host: we have this question from greg. it is about the currency. guest: economists do not agree about how the under-valued or over-valued. there is no agreement on what the equilibrium exchange rate is. if you cannot do that, you cannot do other calculations. as a general statement, signed up for 20 years -- china for 20 years has had export-oriented growth. mostly by virtue of its lower labor costs, it has announced an enormous global trade surplus. this has enabled it to invest in u.s. treasurys and so forth. the global economy has its own mechanisms to create equilibrium. labor costs are beginning to go up in china. some industry is moving back to the u.s. some is going to vietnam, an india, and so forth. china cannot ignore economic gravity forever. those pressures are coming into china. the trad

china sea after a short break. docked in between the russian mainland japan and the sun coming island is the early of minute on maimed all through a friend hugh farrow who discovered it it is described as the right of the circle in region we'll take a look at what's in store for oss here. until two thousand and four the island was part of the borders own and was completely restricted to visit is now this picture esque place is open to tourists unique plants and animals are its top attraction. treaty has been exploring the deaths of the world seas for several decades but it's here at morn your own island where he has finally found what he'd been looking for . the water here is very clear the visibility is very good and the underwater world here is extremely rich i've been to many diving locations across the planet including the island of bali but mine are on top of my list while some go to the cycling region to enjoy the sights others convert the islands nature's riches into a healthy dollar it is home to the biggest seafood processing factory in russia the tonight shock hundreds of thousands of tons of fish get caugh

china's key august data is due out this weekend and expected to show just how badly the mainland's economy needs a strong shot in the arm. on monday, trade figures are likely to show sharp drops in chinese import as coal or iron ore slows. they say china's steel industry is in trouble. joining us, susan smith, analytical manager of corporate ratings at standard & poor's. these projects out of china, particularly interesting because many people have not expected china to return to the 2008 stimulus where effectively building bridges and roads, some people thought were going to nowhere, perhaps down the track in ten years time they might be populated but many white elephant projects. this time as you look at the pace of projects approved this week, do you have any concerns? >> if you're looking at the steel industry, any increases in the infrastructure would be a plus for steel industry. we issued a report this week discussing the difficulties we see the steel industry facing over the next year or so. we think those are pretty serious problems. i think the improvement in infrastructure, stee

china. today marks the first anniversary of the japanese occupation of various parts of the mainland. fitch says the ratings of major auto and tech manufacturers may come under pleasure if the clash between the two sides escalates and is prolonged. china is japan's biggest trading partner. $345 billion last year. beijing has said that japan's economy could suffer for up to 20 years if answers were to be imposed. the tensions could cast a had low over growth in the region which major western countries are counting on to drive the recovery from the global economic slowdown. >> leon panetta is urging both countries to remain calm. he's also called on china to improve military contact with washington as a way to avoid confrontations or missteps. >> and the point of this is to accepted a very positive message to all of the nations of this region and the world that we intend to establish a relationship that is healthy, stable, reliable and continuous. >> he's scheduled to meet with t chinese vice president later in the day. for more, we're joined by a professor and tokyo correspondent. ben,

china pmi reading. the composite tumbled 2% to near a four year low while the hang seng said 1.2%. mainland ship builders bucked the downward trend. nikkei gave back short lived gains. boj cut its economic outlook after down beat trade figures and weak manufacturing sentiment reading. villes and exporters with china's exposure were also under pressure. elsewhere weakness in financials and ship builders dragged the kospi lower. i samsung lost 12% 2% on concernsy are cutting chip production. miners lost ground. sensex lower by 0.6%. >>> well, new steps from the ecb haven't given much hope to firms in the latest eurozone block. survey points to the lowest level of activity in over three years this month. composite reading came in at 45.9. and over in china, hsbc's latest check on the manufacturing sector also remained pretty bleak. flash pmi for september inched up just a tad, 47.# from a final august reading of 47.6. nevertheless, the 11th straight month of contraction for mainland packer tos. factories. so what does it all mean? mcneil, welcome. chris williamson pointed out that you have pro

mainland. his life spanned almost a century of changes in china has experienced the war, revolution, the nellis era, and finally the economic boom of the opening of that reform. and he's played a major role in his nation's politics and development over that period. how does each find a way to turn china into a wealthy and powerful member of the international community? what personal and cultural factors contributed to the success? what obstacles did he face? how did he go about researching and writing his study of the life and legacy? welcome to the cambridge forum, ezra vogel. [applause] >> thanks very much. it's a pleasure to be introduced by one of the young stars around the world having had a ph.d. in oxford and coming from canada originally and harvard is very lucky to have him as a professor of the chinese history. when i was retiring from harvard in 2000, i was trying to think what i could do that would help make americans better understand what was going on in asia and i decided not -- 20 to get a little closer? i decided that of course china is the most complicated problem that we face

. >> japanese auto makers scaling back production in china as anti-japan protests take their toll on mainland. shares of toyota, honda and nissan all in reverse. >>> a little bit of data on credit conditions out of the bank of england. lenders are telling them that supplied mortgages rose significantly. we haven't seen an forms rise in mortgage approvals. we look for lending numbers. they say supply mortgages will rise in the third quarter. funding for lending apparently is an important factor in that rising supply. demand for mortgages also increasing. loan demand from large firms unchange unchanged what do you make of all of that? >> sounds like goldilocks. >> paul fisher from the bank of england and said the fls won't -- will perhaps not improve the lending picture. just will mean it won't be as bad. it's what they argue for qe, right? how do you prove negative? >> well, you can't. you just say it could have been worse. >> european stocks down in the red. the ibex off two and a third. >> we're also seeing this attitude reflected there as well. yields in spain moving higher. spain, 5.98%, j

china. later today, a white house official said obama will tell crowds at a campaign tour in ohio that he's initiating a case against beijing over its unfair support of the mainland's auto industry that puts american factories at a disadvantage. ohio of course is heavily dependent on its auto sector and also a political important swing state. >>> meanwhile in spain, tens of thousands took to the streets of madrid over the weekend to protest against austerity measures. the demonstrations were organized by the country's social summit union which represents 150 organizations. spanish prime minister looking to delay or requesting a full sovereign bailout while the finance minister wants to ask for assistance as soon as possible, according too a rep a in the newspaper. for more, staff fan oefane join. how fierce is the debate about when, where and how they get assistance? >> it looks like there is a debate even within the spanish government. if you look at the report, the finance minister believe that the bailout would be the best solution for the spanish economy, but the prime minister still hasn't made up his mind on the question or at least would like to gain some ti