in the meantime china will be opening up the capital account. problem is bringing money in and out. bringing money in is one thing, but bringing it out isn't. maria: how tough is it investing in korea? you saw president trump with the new president of south korea who said i'll meet with the president of north korea any time as long as the conditions are favorable. do you worry with the north, all of this address, investing in companies in the south? mark: the companies we are investing in are global. samsung is global. l.g. is global. even the smaller and medium sized companies are have much oriented towards a global marketplace. if it's a war, all bets are off. but i don't see that happening anytime soon. maria: you want to invest in this part of the world because that's where the growth is. we want to talk with you about the u.s. as well. we'll take a short break. stay with us. >> announcer: investors bought pick on the promise of tax reform. but with no signs of progress, could investors start having these days families want to be connected 2

meantime china is making a push , in artificial intelligence, aiming to make the ai industry an importantof economic expansion by 2020. this, according to a development plan issued by the state cancel. chinese ai related tech stocks rose on the announcement by as much as 9.2%. shenzhen popped as much as 7.3%. joining us from new york, selina wang. still with us, my guest host, david kirkpatrick, c.e.o. of techonomy. what is your take on the chinese government publicly ramping up its efforts in ai? reporter: this is a clear directive coming from the top ranks of the chinese government saying we want to be the global leader in this area. we no longer want to be a follower of western technology. we saw western companies become the dominant players in software and chips. they are saying ai is emerging technology and we have room and time to beat out the competition. the experts say china is only a step behind many of its western competitors. the chinese government clearly thinks with the partnership plans and the investment capital, they still have a chance. these are very bold ambitions. the

china, meantime, in response to calls for tougher action, said it does not see room for tougher sanctionsne marie? >> hena daniels here in new york. thank you very much. >>> president trump leaves for europe today. north korea will be high on the agenda when he meets with leaders at the g-20 summit in germany. this morning, as you heard, china urged north korea to abide by u.n. resolutions regarding its nuclear program. mr. trump has aggressively been pressing china to exert pressure on north korea to curtail its missile and nuclear weapons programs. as ben tracy reports from beijing, the chinese may have run out of options. >> reporter: north korean state television's most famous news anchor triumphantly announced what the country called an historic event. moments later, the chinese government unc-- urged restraint. a spokesperson said north korea should stop violating security council resolutions. in an apparent reference to the united states, said all relevant sides should bring things back to the track of peaceful settlement via dialogue. president trump took a much different approach

all right, in the meantime, china's u.n.ying the chinese are not responsible for the deescalation of north korea/u.s. tensions, that north korea and the u.s. are. to former national security adviser and hudson military expert rebecca hine ricks on how we get the chinese to acknowledge they might have a bit of a role here. i was surprised, though not totally shocked by that reaction, john. what they're more or less saying is we can't control these guys. what do you say? john? >> well, i think it's outrageous, neil, that the chinese are kind of playing this game with us. it is just now clearer than ever that the chinese continue to indulge the north koreans economically and politically and have not done nearly enough to bring the kind of pressure to bear on that regime that they are capable of. and i think it's really high time that the administration begin to inflict a much higher price on china both in terms of economically going after those banks and corporations that are facilitating billions of dollars of transactions a y

in the meantime china is happy to try to fill that void. >> thank you so much. into the calculus? >> china's probably one of the most important stories to follow for the rest of the year. they have a big gathering in party called the 19th congress. it seems the president will be consolidating part of it. the key is, over the weekend, to what extent will china put the effort at stabilizing financial risk over economic growth? in other words, choosing quality ore quantity? so we want to watch this story on china extremely closely. as it was said earlier g.d.p. contribution to the world is significant at $12 trillion, it's at nearly 800 billion of g.d.p. the u.s. growing at 2% is half that. is is so it can have big reverberations around the the world. >> china's stability -- because they want to dampen down. or instability, because we still don't know where the story is going. >> the story this year has been stability, and during the 19th party congress. exiting it we're unsure. but one should probably bet on stability. stability has been a vital element in this --

. >>> meantime china is revising the way it calculates its gdp for the first time since 2002. of economic growth will include health care, tourism, and the new emerging economy industries those industries typically refer to the high tech, or quote/unquote environmentally friendly sectors and its unclear whether the new metrics will be used in the gdp numbers scheduled to be released on this upcoming monday night. >>> and another day, another snap downgrade cowan downgrading. shares are reacting right now down by 1.75%. >>> in washington, senate republicans are battling for votes within their own party after releasing their latest health care bill nbc news reports that two gop senators will not vote for the bill which keep obamacare's taxes on the wealthy and also includes $45 billion to fight the opioid epidemic and another $70 billion to stabilize the insurance markets, and help lower income that americans pay for coverage. the bill also sets up a new fund for exchange -- based high risk plans. and president trump is in france this morning celebrating -- you guys familiar wit

n the meantime what's been happening in china? by 1927, i would suggest to you word, china is in chaos. of by 1927, it's sort solidified some emerging national government in china. now, there's certainly communist opposition, even that early. with that is ns that as they solidify some of national government and kind of extends his power manchuria and brings that under the chinese that puts ernment, china on even more of a japan.on course with and along about that time, 1931, there's arker, omething called the manchurian incident. it's an explosion on a realway. it but even disrupt japan says china is the have to move in to manchurian and seize it. that's what happens. occupy o send troops to parts of shanghai. now, china, good member of the nations that it is, says, oh, wait, we're going to appeal to the league. also a member of the league of nations says i withdraw from t league. china and japan through 19 -- in 1937 an really through the next four years up ntil when things really break out with the united states in 41. kind of g

. >> kick things off this hour >>> apple's presence in china is changing the tech giant has meantimexecutive role across the pacific we're going to look at who has the job and why apple added this position also facebook will soon give publishers the option to put articles behind a pal wall what it means for both the social media site and for content providers alike. that's in today's fast take. and we to want hear from you you can reach out to the show via twitter, facebook, send us an e-mail. you're watching cnbc, first in business worldwide what's going on here? um...i'm babysitting. that'll be $50 bucks. you said $30. yeah, well it was $30 before my fees, like the pizza-ordering fee and the dog-sitting fee... and the rummage through your closet fee. who is she, verizon? are those my heels? yeah! yeah, we're the same size...in shoes. with t-mobile taxes and fees are already included, so you get four lines of unlimited for just $40 bucks each. the price we say is the price you pay. or a little internet machine? [ phone ringing ] hi mom. it makes you wonder... shouldn't we get our ph

. >> saying he won't give up on china helping out. in the meantime, martha with us live from our washington bureau, and we heard secretary mattis stressing diplomacy, but the president said on the world stage, he is considering pretty severe things in his words. this is a signal the white house and the pentagon both know time is running out. >> reporter: yeah, david. kim jong-un has to be reminded if he escalates this, he could indeed face a military response, but you are absolutely right, david. time is running out because every day north korea is working to perfect a nuclear missile capable of hitting the u.s., david. >> all right. martha raddatz with us again tonight. martha, thank you. >>> here in new york city tonight, a stunning piece of surveillance just released. a veteran new york city police officer, a mother of three, ambushed while she was sitting in a police vehicle. abc's eva pilgrim with the video that investigators have now recovered. >> reporter: tonight, the first images of the murder of officer miosotis familia. a surveillance came

china. in the meantime along those lines we're going to further develop our capability to detect launches, to defeat launches and use cyber means to make it extremely difficult or less easy for the north koreans to continue. >> all right. great discussion. i really appreciate it. this is an important issue and we have to get smarter about it one by one. thanks very much for joining us to discuss it. >>> because once wasn't enough, the senate republicans asked the budget office to score a second ve version of their health care bill. we'll have that discussion next. o shows up in that dress. who hugs a friend. who is done with treatments that don't give you clearer skin. be the you who controls your psoriasis with stelara® just 4 doses a year after 2 starter doses. stelara® may lower your ability to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tuberculosis. before starting stelara® tell your doctor if you think you have an infection or have symptoms such as: fever, sweats, chills, muscle a

china. >> in the meantime, garrett, off president who had made it very clear that his patience was running out even before you had the american student otto warmbier who of course as everyone knows came back to the united states and died shortly after. he expressed how angry he was about that. is there any sense from the people you're talking to at the white house that this has changed the equation in any way in terms of the president's patience? >> well, chris, i'm glad you mentioned otto warmbier because it's important to remember none of this happens in a vacuum. the president was always furious at the north koreans for the way that situation played out. and remember it was on the eve of his first meeting with the chooe president that we had another north korean missile launch a few months ago. so there's a sense of a developing trend here of north korea stepping on the president's toes, trying to be involved in these big -- on the eve of these big multilateral, these big foreign events so far. the president's made very clear they don't want to telegraph what they want to to. they like

china. in the meantime, breaking news.heing a deal to acquire health education consultant advisory board, according to people familiar with the matter. unitedhealth group acquire the advisory division, this stuff would get -- vista would get the education business. from new york, this is bloomberg. ♪ scarlet: still with us is ian bremmer, eurasia group president and founder. i want to talk about north korea, and i saw this quotation today, new york times" from a propensity at the university of southern california. a says north korea is in class of its own but we ignore that it is a real country with a functioning government at our peril. making steady progress in alleviating the humanitarian and economic progress while maintaining strong deterrence against the nuclear program is the only way forward." i want to get from you -- we kim a tendency to mock jong-un as a freak and by doing that, we underestimate his power, and it suggests he is a lightweight when he is proving he is not. that is a risk. ian: yeah. we increasingl

in the meantime, let's get to first word news. chinaed a man considered a rising star ahead of the leadership shuffle this year. he is under investigation for violating party regulation and severely damaging its interests. officials say he was taken away friday night while in beijing for the national financial work conference. democrat wants further investigation into the online activities of president trump's election campaign amid concern about russia-directed misinformation. mark warner pointed to how stories about hillary clinton were circulated. the president launched a fresh attack in the media as a poll shows falling approval ratings. a medical scare for senator john mccain has meant the postponement of the republican's new health care bill. mitch mcconnell says he has put off the debate while john recovers from unexpected surgery. party leaders say that congressional rigid office's report will be better than previous estimates. jp morgan's jamie dimon returns from an overseas work trip and unloaded his frustrations. he said he a

meantime, the leaders of russia and china hash out a plan of their own to deal with the russia threat without any input to the u.s. >>> face to face, president trump and russia's president vladimir putin will sit down at a formal meeting at the g20 summit on friday. this is their first face-to-face meeting. is the president ready to negotiate? >>> states push back. 44 states have refused the trump administration's success for private voter information. why did the administration request it in the first place? you're in the situation room. >>> north korea has crashed america's july fourth party with fireworks of its own, successfully launching a missile it claims can hit anywhere in the world. anywhere is an exaggeration and there is no indication that kim jong-un's missile can deliver a nuclear warhead yet, but the latest u.s. assessment suggests this was a more advanced missile, traveling farther than any previous test. experts say the missile could reach alaska, and the launch sent u.s. oe firnfficials into meetings to assess the growing threat for responding. president trump's init

meantime, 30 minutes away from the opening in china and hong kong.yesterday's session decoupling from the equity rally elsewhere. singapore, taiwan, and malaysia just coming online. sophie: taking a look at what's going on today on this trading session, we are seeing stock rally -- -- asia hitting a wall of asia stocks snapping a six-day third. we have aussie shares leading the data about 8/10 of a percent, falling for a second day. we have the nikkei 225 losing about half a percent after a three-day weekend. at 112.44.lar yen new zealand assets are looking under pressure, given the soft inflation we got out of wellington this morning. the kiwi dollar is down 6/10 of a percent. of the offshore yuan is halting a five-day advance today, despite the up the best of the chinese data we got today. industrial metals are higher. iron ore show -- soaring in singapore. trading at the highest level since april. copper is high -- hovering around a four-month peak. looks like the start of a rally. mainland property prices are also on deck. watch. plenty to we do

meantime, the leaders of russia and china hash out a plan of their

china's own data. they don't put it at 40% they say it is 37.4 percent. despite the fact that they've cut back on coal. what's going on there. in the meantime it is going to hear trump putting more pressure on china. you are worried about the situation in north korea. if you are going to travel abroad. worried about what this could mean for your investments. there's a lot of uncertainty attached with north korea. what is our plan what is our strategy as a country and they are really looking to present trump for leadership on this. there was a huge increase in iron ore from north korea. that may have been a big part of it. as we wait the president the real focus right now is on europe. everybody was complaining about that europeans don't like him he got what he wanted from the nato deal. the increase in the military spending as he said they should now they are kind of worrying about the trade deals. if they say that they don't know that as well. it is about limiting to free trade. china has a history of suppressing their currency. there are some policies on certain commodities coming out of china to the u.s. and a way of punishing china for

in the meantime, you remember klay thompson, he is still in china and he is playing a pickup game completelyirborne with that three-pointer. he cannot even believe it. let's show this again. i've got it, i don't have it. playing in china to promote the game. but you are still a star, klay thompson. >> he is allowed not to be embarrassed about that. >> it is time for him to come home. he is klay thompson so we can do whatever he wants. >>> good morning everybody. let's take a look at the commute on 24 westbound as you drive past the bart station at lafayette, it is getting slow but no major problems driving through the tunnel. not a completely like commute but this is the week of the fourth of july. traffic is okay approaching the maccarthur maze on the east shore freeway. when you get to the bay bridge toll plaza you can see traffic will be backed up for about a 10 to 15 minute delay but not a bad commute. definitely we have slow traffic. the san mateo bridge slow westbound approaching the span from hayward. >>> it is 650 a.m.. -- 6:50 am. >>> we still have fog out there but not nearly as wi

to my panel, jessie jane, everyone says get china to do more, bring in russia, diplomacy. in the meantimeg better and more proficient with each missile launch and i don't know how much time we have but the clock is ticking quickly? >> it absolutely is, and secretary mattis made it very clear this would be the worst fighting people would see in their lifetime if we did a preemptive attack, it could easily not resolve anything, much of the arsenal is hidden in caves, mountains and mobile throughout. they have a moveable arsenal on the south korean border, seoul is about 36 mile away. we could strategically take out arsenal within the border, we've had no historic example of taking out nuclear weapons. the closest we've ever come to attacking north korea was in 1994 when we were looking at taking out their nuclear operateingly plant. this is before they even had nuclear weapons. it's very critical and serious. >> ned, a lot of attention this week from president trump's tweet regarding the fact that the first quarter trade between china and north korea went through the roof. they did lower co

china. in the meantime, we will see how that plays out across the broader market.cking in on the open. chinese stocks extending the drop on friday, coming off of the losses in the early start of the session, down just .03% on the csi 300. hong kong shares resuming gains after snapping a nine day rally on friday. just marginally higher, up .8%. this morning, the pboc setting the daily yuan fix stronger, but .1%.onshore rate down on the dollar near a 14 month low i of the fed rate decision. the yuan softening for a fourth straight day there. on the flipside come the yen up .2%. rising for a fifth straight day, and jgb yields picking up after the boj cut its purchases of 5-10 year bonds by ¥30 billion, coming as yields have retreated from recent highs. the yen is strengthening, speculators anticipating a slide , so shorts on the yen and dollar picking up. bets on a showing you drop in the dollar against all majors, except the yen, has risen to the most since early 2013. you can see that by the way the bars have dissented from the bottom of this chart. bearish bets hav

meantime, take a look at china today. report it's earnings after the bell it was moving lower, quarter point lower on the session today. we'll bring you the numbers as soon as they are out a look at how misinformation on social media is affecting stock prices and what regulators are doing to combat it joining me today is the chief market strategist at ab. it's just -- it's not even a name anymore it's like ey all over again. just ab. dollar weaker which promotes sickly kls it promotes global rather than u.s. so i think that, you know, what investor are struggling with, how to make it to the end of the year looking for the impact on the market's a corporate buybacks. actually we're down first quarter about 17.5% from the year before. >> it's got buybacks, earnings to consider, the overall david, fed left the door open to maybe doing something in december. something more substantial is coming with the balance sheet later this year. which of those is more important to you earnings or fed action >> well, at least for now and

another tweet he urged china to put heavy move on north korea end this nonsense once and for all. >> meantime the president returned to joint base andrews from bed minister new jersey in time for the holiday. president will celebrate the fourth of july at the white house where he will host celebration with military families. later this week the president heads to poland and germany for the annual g20 summit. >> well, it is danger, up next, what was falling from the sky, in new york city that left some damage, and caused some tense moments. >> then check out this close call for one truck driver in texas, why it is taking so long to get this truck off the highway. wait until you see first-hand view what it was like for passengers aboard a hot air balloon that crash landed in florida we will be right back. at perdue, we take some unexpected extra steps to raise healthy chickens with no antibiotics ever. like putting oregano in their water. it has natural antioxidants and we don't have to use antibiotics in their diet. perdue. over 200 products no antibiotics ever. how dixie ultra plates?roved wi

. >>> meantime, winnie the pooh has fallen foul of chinese censors. it's his unfortunate likeness to the leader of china caused him to be blacklisted from screens. main stream media and social media have shown that. the jokes are not welcome in whine that. >> i would never put the two together. wh go, maybe a little bit. >> quite funny. >>> straight ahead, groundbreaking news for one of tv's longest running shows. >>> and how this celeb couple prepared for last night's "game of thrones" premier. that's next. it was tough getting out there on stage. i wanted to be clear. i wanted it to last. so i kept on fighting. i found something that worked. and keeps on working. now? they see me. see me. see if cosentyx could make a difference for you- cosentyx is proven to help people with moderate to severe plaque psoriasis... ...find clear skin that can last. don't use if you're allergic to cosentyx. before starting cosentyx, you should be checked for tuberculosis. an increased risk of infections and lowered ability to fi