. >>> we have news on micron >> specifically from a micron rival. united micro electronics united micro electronics is saying that a court in china has now issued a preliminary injunction against micron. umc filed these enfringement lawsuits with the mainland china courts back in january it now says with today's ruling, micron's puckeroducts face injunction for violating its patent right there is in china it is trade iing lower. down about 10% in the past mobt month. still up u around 30% year to date other chipmakers are under pressure, too. intel, nvidia. we have reached out to micron, we'll bring that to you. >> the intermediate people's court of fuzu has ordered to cease the sale of certain products are the headlines crossing now thank you very much, josh. wonder if this is not really a real patent case but actually something related to a trade war >> you have these disputes all over the semiconductor industries, but yes, you don't know the other stocks are down, i wonder what the market is is saying about whether it's a different environment. t

z.t.e., micron, sprint, tmobile. as we head toward friday, the $34 billion in tariffs, what are we holding in our hand. i imagine this snowball we're trying to bring things together. what are we holding here to make heads or tales of what's happening? zsh heads or tails of what's happening? >> this is an escalating dispute. you have $34 billion of tariffs slated to go into effect july 6. a lot of people say we don't like tariffs no one likes tariffs. but we have to remember that tariffs are being imposed under this eauthority of section 301 of the trade act of 1974. this is for china's theft of u.s. intellectual property. and the u.s. has not ever been able to really come to terms tooze how to deal with this but we know the commentions -- dimensions are somewhere in the hundreds of billions of dollars a year. something has to be done. tariffs may not be the right way. no one has been able to figure out anything better. we've had decades of discussions with beijing about this. we don't seem to get anywhere. so we do h

chipmaker macron micron. as we approach midterm elections in the u.s., the fake news fight rages on. what can platforms due to control misinformation -- do to control misinformation? why is there confusion and could it have an impact on facebook's revenue? first, to our top story, the continued struggles of chipmakers trying to do business in the world's largest market for semiconductors. a chinese court has temporarily banned micron from the chinese market. 26 macron products -- micron products are at risk. this all stems from a patent case where united microelectronics took legal action against the idaho-based company back in january. joining me to discuss is ian king, who covers the chip industry. ian, analysts are saying that the impact of this is just a ron, butip for mic china did account for more than 50% of its revenue last year. so, what are investors thinking here? is this a buying opportunity, or is there still concern? ian: what we had is micron put out a public statement in response to what had b

matt: micron sales are about 50% from china. rougherly $10 billion.products at issue are a subset of those. there are certain memory chips that are at issue here. some of their d-ram chips. but it's not the full china sales but we're still looking at a significant portion of their hinese business. mike ron says they have yet to -- micron says they have yet to receive the order. once that's provided there'll be clarity as to which products are facing injunction. and consequently what that means for outlooks and sales impact. haidi: what happens next, then, matt? how does this play out? matt: as i mentioned, this is a preliminary injunction. the case is still proceeding. micron will have the ability to appeal to the court or try to defend its case in the ongoing litigation. they can try to have the ban overturned. depending on what's in the ban, what products are impacted, they may have the opportunity to implement some design around or try to shift potentially some inventories around but essentially what's next is micron will fight back against this in

is violating patd teents of a china-based firm and that could put about 50% of micron's revenues at risk let's bring in eric ross from casend securities. you put out a passionate, strongly worded note to your clients on micron saying you believe this was a complete sham of a court ruling. i assume you think this court ruling was done particularly to poke the united states in the eye over this tariff fight >> that's what our belief is i'm not a particular passionate person so the fact i was so strongly believing this, i think should say something to the people that know me. we think this is a problem because this is legitimate i.p. that has been shown in taiwan to be directly stolen now we're seeing it as being legitimized as being stolen from micron as opposed to the other way around >> so two employees of micron left the company, alleged by started another company with patents which ostensibly belonged to micron and they were upheld by a chinese court. they upheld the valide edity ofa believe was stolen technology. >> the two people went to xinxa. >> you called this a kangaroo cour

micron, nvidia, and they've fallen 10% in the last few weeks and they did g a modest bounce today. what concerns traders is this notion that trade wars will translate into a slowdown in global growth and a reduction in earnings. many s the markets need to get away from the defensive leadership we've seen andote back into the more economically sensitive groups like industrials,anks and semiconductors. report, i'm business bob pisani at the new york stock exchange. >> bob just mentioned micron technology. that company' been caught inle legal ban china that has added to the china-u.s. trade tensions. a ban was put in place that prevents micron from selling chips tr that co but the company did say the decision will not have a big impact on its revenue and that sen shares up more than 2% today. >> let's focus more on those three key sectors, the banks, the semis and the industrials with jack hadlan w crescent advisers. always good to see you, jack. >> nice to see you, sue. >> let's start with semiconductors and basically, they're taught ins trade issue and it doesn't look like that's go

francine: what happens next for micron in china?ron has been cut off from its biggest market. it gets 50% of its revenue from china. the biggest question, does this open the door, does it make it more likely there is a deal between micron and u.m.c. or does it drag out further? francine: give me a sense of how he micro snnch related to what is happening? is there a link? john: there is a link in they both show how interconnected the u.s. and china are. you have all of these u.s. companies that rely on the chinese market. you can really see how both countries would be hurt in a trade war. in another sense, being two separate companies in very different situations that don't have anything to do with one another, in general everybody sees the outcome of tensions between the u.s. and china playing greatly into how micron is resolved. francine: we have spent a lot of time looking at it from the u.s. side. asking the panies trump administration to go easy on china. does the same thing happen in china? are chinese companies going to the au

so you have -- and who sued micron? a state-owned enterprise in a court in fujion, which is a state-owned enterprise, and headed by a judge who is employed by the chinese government. why would you -- why would micron think they had a chance in those circumstances? those of us from idaho are taking a serious look at this. and we're going to do some things that are probably pretty stringent as far as the chinese government is concerned. and we have to. this company's very existence depends upon having a rule of law in countries where we are doing business. and i applaud the president for his strong stance on what the chinese are doing, what they claim is legally. for instance, requiring chinese ownership in companies that do business there. and getting into their secrets and their patents. but they are also doing things under the table, like i just described, as having the micron technology. and this is going to have to stop. and if this doesn't stop, we'll be in very difficult straights going down the line to compete wit

clearly micron would not accept this. this might be a lengthy legal delay.is point we are trying to find out. we have no access to information directly from them. from the u.s. perspective the market here investors in micron stock uncertainty around something of this magnitude is not something they want to be reading about. king: thank you, ian reporting from san francisco. now we turn to mark crumpton. >> the u.s. congressional delegation met with members of the russian parliament in moscow. alabama senator richard shelby says he hopes for a new day as the powers looks to improve relations that he described as strained. just can be competitors sports.ying our competition in the marketplace. competition in the world. but not the adversaries. thatemlin spokesman said vladimir putin could meet with president trump privately and without their aides before the start of their official summit on july 16 in helsinki. says it has been subpoenaed by the justice department to hand over documents related to money laundering and corruption. the investigation has to do w

what's happening with micron and qualcomm. shery: when you are looking at all of these trade tensions before when we were talking about the tax package in december and how that would stimulate the economy some people were worried that would overheat the u.s. economy. won't the trade tensions now sort of balance that out and create some sort of equilibrium? we don't have to worry at least about overheating. >> i'm not so sure that will be the case. you may actually have it where the u.s. inflation rate starts whichestly click higher will force the federal reserve to continue raising interest rates. i know there has been some signal that the fed will be keeping a careful eye on negotiations and will be nimble regarding their policy. this point it's very confusing for investors especially on the fixed income side to understand where inflation trends on a global basis will be going. our expectation is you look at a modicum of inflation. the fed will raise rates two more times this year and potentially two more times in 2019. the w

micron stole their ip protection.e know it's a joke but it does suggest that china might be willing to pull out all of the stops in this case. >> two words, take that. that is what china is saying to present trump and i think we are going to see more of this. that is my worry. we've always have tariffs. but they had been kind of quiet nobody talked about them nobody was tweeting them out. and they have marginal effects. when it's front and center every day all the other news networks are doing it from start to finish. i carries weight and again we already have a market has been going for ten years. the economy is strong and strong can be. i worry that that they will erase some of that good stuff because of that. if we get into one. i'm telling you the market is gonna take a haircut which means the wealth effect takes a haircut. i just hope they got it right. and there to find a happy place that a given point in time everything is going to be smooth sailing after this. one of the biggest topics on wall street is short-

companies. >> as the door open for them, it is closing for micron in china. >> umc and micron were involvedn a big intellectual-property battle, there was a lawsuit filed against them in china and they won a preliminary injunction blocking the sale of certain chips in a minute china from micron. micron will likely launch some sort of protest, and settle the dispute with umc. it is a bit of turbulance to figure out the scope of the injunction. >> the federal reserve is due to publish minutes, where officials raised the benchmark rate by a quarter-point point for a second time this year. >> the central message from this minutes, federal officials say that the economy is operating in top gear. solid growth, strong consumer spending and increasing investment. still, many noted that if the fed stays on his current policy path, the federal funds rate could be at or above estimates of its neutral rate sometime next year. what could not them off their path? well, most participants noted that uncertainty and risks associated with trade policy had intensified, and they were concerned that these risks

umc in focus after that court ruling in its favor with micron technologies.acking higher in taipei. to the upside, we have seen a lot of buying come through in telco stocks in the region. saying its battered shares have artie factored in the company's profit forecast. a few bright spots. some of the korean farmer stocks , generally down. anna: thank you very much. has foundank of china to keep the yuan stable and not use it as a weapon in the trade conflict with the united rates. we talked about that as the comments hit 24 hours p.m. -- hours ago. aging said it will place levies on an equal value of u.s. goods. now, good to see you. what has the yuan been doing since the pboc tried to verbally support the currency? it has behaved as instructed, hasn't it? yuan has swung from a loss to again and has rallied for a second day in a row. sentiment has shifted. that is because a lot of traders are expecting that the market doesn't take the signal. the pboc will take tougher measures. the pboc has plenty of tools they can use. they can offload the dollars in the cur

so the man you micron is under pressure after his aide is called beating a protester to the ground. good evening great to have your company watching r.t. international. seems the further donald trump is getting from his helsinki summit putin the more he's flip flopping of retaliation suppression meddling have president putin he just said it's not russian i will say this i don't see any reason why it would be. should have been i don't see any reason why it wouldn't be russia. sort of a double negative. you agree with u.s. intelligence that. russia meddled in the election twenty sixteen i would say that that is true but you haven't proven specifically do you hold him personally responsible while i would because he's in charge of the country. get updates now from our correspondent in new york that's. good to speak to you what a strong had to say of late. well the latest tweet from donald trump seems to indicate that he thinks the meeting went very well he describes the meeting is going well and he goes on from there to say that he looks forward to a second meeting with the russian pres

about half of micron's sales come from china.ron will likely launch some sort of protest, and settle the dispute with umc. it is a little bit of turbulence in the short-term all everyone scrambles to figure out with the scope of this injunction is. >> the federal reserve is due to publish minutes from its june 13 policy meeting where officials raised the benchmark rate by a quarter-point point for a second time this year. >> there isn't a central message from these minutes. fed officials say that the economy is operating in top year. top gear solid growth, strong consumer spending and increasing investment. still, many noted that if the fed stays on his current policy path, "the federal funds rate could be at or above estimates of its neutral rate sometime next year." what could knock them off their path? well, most participants noted that uncertainty and risks associated with trade policy had intensified, and they were concerned that these risk good -- could have negative effects on business sentiment and investment spending. >>

like at micron micron today people are starting to say better things, that maybe it is not as importants report we are talking about, it is the u.s. ambassador to germany is said to be seeking zero tariffs on cars on both sides. that's why european automakers are absolutely ripping today but you don't believe -- >> that would be the greatest thing. that would be a total win for our country because we have higher -- they gave us higher tariffs than we have two take away the biggest single negative in trade right now. because we do a lot more business with europe than we do with china so if this story's true, the rally's justified. but do you trust it? late wednesday reports that richard grinell, u.s. ambassador -- but did you see any tweet there was a let-up on it >> it seems as if the trump bark is worst than the actual bite. >> it causes a 10% rally in the market going right into earnings. but we got -- you mentioned the 2 and the 10 >> it's the lowest since '07 >> people decided the fed's going to keep raising, inverted yield curve, tlo therefore short everything other than -- i don't

where does this what is this mean for micron? the right they have to appeal and work around the story, but in the meantime, they are cut off. has seen the court decision. they don't know exactly what they are not allowed to sell or where they are not allowed to sell it to micron is down 8% right now. beare seeing it is going to the thing that affects an increasingly number of american companies. chips are not easy to innovate, it is the start of something which is going to carry forward. not knowing where you stand means you have nothing to fight. tois hard to fight a shadow if you pen something down, then there is something you can argue and shout about. this shadow boxing makes it hard for companies to act, react, and adapt accordingly. guy: this could apply to other businesses. >> the car industry is instructive. to have a factory in china, you need to have it 50% owned by a local player. we have seen cars appeared in china, made by chinese manufacturers, strikingly similar to bmw. there is nothing you can do. it is the bigges

this is a temporary ban on 26 micron products.are waiting on the final adjudication from this chinese court. david: speaking of access, i have to ask you about while huawei. banhis was a proposal to telcos in the u.s. from using a government subsidy to buy and zte. from huawei zte said it would not be lawful and it would be rural communities in the u.s. impact, saying telecom makers are reliant upon its equipment, which they say is cheaper and of quality to provide that equipment that is needed to wi-fi and the to rest of it in rural communities. there are increasing concerns around the national security risks, as some lawmakers see it in the u.s. when it comes to these chinese companies, but huawei pushing back and the sec mulling where it goes from here, but it is a proposal to ban the sales using this federal subsidy. david: thank you. tom mackenzie life out of beijing. breaking news out of malaysia, najib charged as part of these 1mdb investigations. court.live in facing charges connected to them missing billions at the 1mdb i

every single demonstration across france sees police violence being the law was microns that's the same thing macron is the president of the reach of governance in favor of the reach. an increasing number of high profile people and in themselves in hot water over their old tweets but in the us it seems your political affiliations will dictate just how much trouble you will be in his party boy. it's become a sport watch someone climb to the top and then knock them off the perch using their own less than savory quotes like t.v. . who lost her long time job a.b.c. following a very racist tweet it also happened to katie mchugh a journalist who used to write for the breitbart website after her tweets came to light the same fate be felled the. stars of the go with no job instagram account they used to have a talk show but it was canceled because they were old. and islamophobia tweets resurfaced on top of that left leaning liberal media outlet found out that the sisters have a conservative news pundit for a mother who likes donald trump a lot in fact one thing all those disgraced stars have in

every single demonstration across france sees police violence being the law was micron's a that's the same thing as macro it is the president of the reach of good governance in favor of the reach i mean. polls are closed in cambodia's general elections the southeast asian countries incumbent prime minister is set for a landslide victory he is a one of the world's longest serving leaders in fact he and his party have rolled for more than three decades however the vote has been modded by scandal as any a trying to reports from phnom penh. the general election and it is so different from anywhere i've seen people vote this is a polling station by the way. doors here open at seven in the morning and close just after lunch time at three the party that came second to last on securing almost forty five percent has vanished from the ballots with no success are quite a few things though are way too familiar for a minute into feet and cannot stand in cambodia democracy and. the prime minister's government simply wants to silence the opposition. collusion meddling cracking down on critics. that

french president micron has expressed concern that a comprehensive trade agreement between europe and washington macron said that the u.s. had to first make some concessions if it wants to enter negotiations with the e.u. a lot of europe and france never want to trade war but a good trade discussion can only be conducted on a balanced reciprocal basis and in the case of any sort of threat in this regard we have a number of questions and concerns that we will clarify i'm not in favor of us entering into a vast trade agreement because the current context does not allow for that on wednesday donald trump and the european commission's president struck a surprise deal on trade issues under the new agreement the two sides will seek to cut or eliminate import taxes trade barriers and most subsidies in addition the e.u. will expand imports of u.s. liquefied natural gas and certain food items in may the trouble ministration had slapped hefty tariffs on steel and early minium products coming from european countries p. you responded with three billion dollars worth of tariffs on u.s. goods and p

band and a chinese court bans micron from selling in china. >>> sainsbury sales growth slows as it warns of competitive conditions >>> shares in anglo american rise on a mining magnet is eyeing a bid for its south african business >>> good morning we've got some june services numbers crossing from the eurozone that has come in at 55.2 versus a forecast of 55 coming in slightly above expectations here. bit of a muted reaction in europe overall that composite number is coming in slightly better than expected we also got the final composite pmi number, that came in at 54.9 the expectation was for it to come in at 54.8. an upper trajectory and slightly better than expectations, but euro is not loving it here >>> let's check on how markets are doing in general we had a bit of a choppy session in asian equities overnight. overall things ended up trading a bit weaker despite those stronger china services numbers that we had and hang seng trading down 1%. we're seeing the picture in europe muted we tried to eke out gains yesterday, but unsuccessfully. the stoxx 600 is trading weaker in aggregate

micron collateral damage?iven the timing, it's hard to see that this isn't in some way links to the trade discretions -- discussions between beijing and washington. the chinese court is not independent and they are ultimately part of the chinese come his party and part of chinese government. this initial ruling blocks them from selling about 26 of their products in the chinese market. in 2016, they had about 50% of their revenues in the chinese market. it's a significant blow. you saw the investor reaction yesterday. , this cuts two ways. cut off from u.s. semiconductors and feel the pinch and then the companies in the u.s. are cut off from the market. we are still waiting for the closure of this case. guy: it will be interesting to see how european stocks trade off that. let's talk about the telecom sector. winning a reprieve for now to resume operations. how clear is the road in front? tom: this is a brief positive for szte. chinesee second-largest telecom equipment maker. there is a view that after the date

they don't every single demonstration across france sees police violence when the law was micron's a says that's the same thing macron is the president of the reach of governance in favor of the reach of. well it's a warm sunny day and some papers about as russia as ordering its naval forces on their professional day special parades being held across the country. please. please. please. please please please. please. thanks for sharing your sunday with us here on r.t. international we are back in about twenty minutes hope to see you. still do. a little bit it's. my muscles as. i lose it. doing a little he was. asleep and given the choice for you. all first of all it's only about the walking on the other. for the one hundred ninety mile columns on the wall she will not want to go for a. cut. you'll lose i. have been saying the numbers mean something they matter the us has over one trillion dollars in debt more than ten whitehall. timestamping each day. eighty five percent of global wealth you want to be ultra rich eight point six percent market saw a thirty percent rise last year some

every single demonstration across france sees police violence being the law was micron's a that's the same thing macron is the president of the reach of governance in favor of the reach and. finally this hour a stunning fireworks show is rounded off navy day in thank petersburg praise were actually held right across russia throughout sunday. you brought it today joining me for the latest news headlines in often out. this is harlan kentucky. the lawyer says it was. a coma and he says he was almost no coal mines left. the jobs are gone all the coal was it said i'd. love to see these people the survivors of a world disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in the million years i would see that and it's how it's happened. with manufacture consent to public wealth. when the ruling closest to protect themselves. with the famous go round be the one. making the whole middle of the room sick. leave. a mess kaiser one for my guide to financial survival this is

as more details now on how this scandal has affected micron's president. well a shocking video that shocked many people here in france what you see on the video is alexander first of all he is grabbing a woman and charging her down a street he passes the camera that still mean him and then a little bit later we see him once again this time he emerges next to a male protester and what is clearly seen is him wrapping up male protesters neck hitting him on the head and then he appears to be stomping him on the stomach as he falls to the ground why was he well he danced his forces his work release a palace he could see the c.r.s. the riot police during the may day protests to see how operations carried out in regards to syria security now he wasn't on a working day he was on a day off and he was only there to. take part in the police action against the protesters and that itself has sparked a huge backlash here in france i've watched the video and i'm shocked just like the whole world the media poses a number of questions to him and. we need a commission and.

. >>> micron technology says it has not yet received an injunction, halting sales in china. earlier today, bloomberg reported its rival, united micro electronics, said a chinese court had temporarily banned micron from selling hard drives after a patent infringement lawsuit. shares fell 5.5%. >>> we told you last night thato axium was to reaching a deal with ad companyntpublic group. now it's official. interpublic will pay nearly $2.5 billion for axium's marketing sotions business. they said them trim debt and add to the stock buyback program. shares jumped to 39.45. meanwhile, interpublic fell to 22.33. >>> and tesla shares continue to all today after a report the carmaker eliminated a brake safety test during production of its model 3 vehicles. tesla said it felt the so-called brake and test was redundant as it already puts each car through a rigorous quality check. shares nonetheless were off 7% to 310.86. >>> last night we told you about concierge doctors. this is a growingrend in health care where physicians charge customers a fee upront forunlimited access to primary c

every single demonstration across france sees police violence being the law was micron's a that's the same thing is the president of the reach of good governance in favor of the reach i mean. is it has released a suspected islamic terrorists who've been deported from germany two weeks ago authorities claim there's not enough evidence against the man although they added an investigation is there long going. sammy i do that is an alleged al qaeda member who was accused by the german interior minister of being one of osama bin laden's bodyguards he'd been living in germany since nine hundred ninety seven and later applied for asylum there in two thousand and six although his bid was unsuccessful he was arrested and subsequently deported from the country earlier this month in two thousand and ten a court in dust of the off prevented the deportation of some e.i. duty ruled that he could be exposed to torture in tunisia at the time a number of german politicians said the court was in the wrong would free to wait sami in tunisia is not a problem of german taxpayers to protect them financiall

rebound, micron helping there. we got a statement saying, yes china is banning chip sales but it will hurt them much. micron saying revenue was hurt by about 1%. across asset reporter joining us from new york. president trump has confirmed the u.s. will impose tariffs on chinese goods just after midnight. that is the first shot in a trade war between the world's two biggest economies. but into our congress editor joining us from d.c. with the latest. once the trigger is pulled on his tariffs, who will get hit? we interviewed said the initial bite of these will not be huge. it will take a little while to ripple through the economy. but, there are a lot of industries in the u.s. that are bracing for the worst. in the case that there is a retaliation, china comes back and puts tariffs on u.s. goods, perhaps restricts u.s. gminesses such as walmart or from expanding in china. it could get ugly fast, with the escalating possibilities. i am just so excited to hear about this. is there any chance anyway will pull back? do

goes on a trump white tirade against the media over its handling of the scandal involving emanuel microns top security aide. this is our to international coming to you live from the russian capital with me jaclyn go-go welcome to the program. we start with breaking news from syria medics in the southwestern city of psuedo have told our team that the number of people killed in a series of terror attacks has now risen to almost one hundred and fifty the deadliest attack took place when a suicide bomber on a motorcycle detonated himself in a marketplace two other militants were killed by security services as they prepared to carry out further attacks in the city the other assaults happened in nearby villages. and syrian state t.v. says islamic state is responsible the attacks come as forces loyal to the assad government push to capture the remaining i still hope profits in the southwest of the city later in the program we will bring you a live report on that story. meanwhile i still appears to be on the rebound in neighboring iraq with its fighters launching a guerrilla campaign of kidnappin

i see media powers who want to become judicial one we also know the president microns approval ratings have dropped since this scandal emerged and it now seems that that boy in that criticism is extending out to media outlets in france celinda been there when the same speech mccrone challenge the public to come and get him if he said he's responsible for the incident and they got plenty of reaction to you on twitter did. you give a shit ok thank you. micron admits to being responsible it be fair he also asked to come and get in the case let's get macro. we arrive together and united more determined than ever. it was on the head to the president of the republic said that he's responsible is to say it is wrong but in terms of the constitution he's held to answer before the people. in organizations called for us to gather here against macros behavior he also challenged us to come and get so we hear it's not that we denounce but now we denounce violence and repression exerted by the state and the president. every single demonstration across bronze sees police violence being the law was my

. >> did you like some names in semi conductors including micron, lam, research and marvel some wouldd think they're the same names that could be in danger from the tariff issues. how do you feel about those stocks given the global environment right now? >> i think one thing worth highlighting is that tech is very much an amalgamation of a lot of different industries, sectors and companies with numerous drivers, merits for companies across the spectrum. i look for companies that i think are significantly undervalued, that are participating in key industry trends going forward, and currently i'm seeing some opportunity as you mentioned in some of the semi conductor-related companies. for instance, micron, the d ram and nan flash memory maker, you look at a stock market that's been very strong over the last many years including tech especially, and then you look at micron trading about five times free cash flow, generating over 11 billion in the market with 65 billion. that to me looks like an undervalued opportunity, even though it is highly cyclical stock. lam research leverages some

as is micron, one of the other ones that you mentioned. how about gary in new york, please gary >> caller: hey, jim, calling about snaps potential partnership with amazon. i think snap could be an awesome long-term investment can i give you my reasons? i think it's one of the only social media with digital identification encoded if amazon can link their products via the snap act, i think we'll see something revolutionary. >> look, snap, it's entirely possible that snap stock could go up a couple of bucks, but remember, amazon by the way is a 6% position from my charitable trust. i talked about it on my conference call today, fractionists.com club. why not just go buy amazon amazon price target 2600 i saw today. i just think they're best in show don't buy -- buy best of breed, not worst of breed zachary in virginia, zachary >> caller: hey, jim, it's my 27th birthday today in arlington, virginia. >> happy birthday! >> caller: so i'm thinking about square, ticker symbol -- >> no, don't think about square. it's already moved too much. i want y

thank french president emanuel micron's on an official trip to absence thanks is accompanied by forty french businessmen each with an interest in the greek privatization program.

saying they would dan micron chip sales. was kind of overblown and doesn't seem like it's going to hurt them too much. haidi: the u.s. will impose tariffs on china just after midnight eastern time. congress editor joins us now from washington. at thistdown is almost point. once the trigger is good, who will get hit? this is going to be fairly small. but industries are bracing for the worst. there is a possibility of tit-for-tat escalation. you have companies like walmart and 3m -- gm. they could find their attempts to do so slow down by the chinese government and you have these in the conductor chemical and electronics industries. other companies like ge, there will be chinese made industrial parts and machinery that are subject to the tariffs imposed by the u.s.. back at thisurning point as trump told reporters a little while ago, they will go forward. >> i keep betting on the chinese. at stake as much well. how far is this going to go? mi the optimist thinking it could be pulled back? it couldis the chance be pulled back i

video showing his former bodyguard assaulting a protester alexander nala seen here to the right of micron has been charged after he was identified beating a protester he's now under investigation for interfering in public service and for wearing a police badge illegally president micron's sacked an hour on friday after a video of the assault was posted online let's go live now to parasail jazeera is david chase or is with us david france is interior minister is being grilled by the country's law commission today what's the latest. yes coleman has been inside the national assembly behind me now for just over about twenty minutes or so and he said that he's taken this. situation extremely seriously he said that he was informed about the incident of the day off two eggs on may the second and he knew also that there was a video of the of the attack and he said he'd then positon least details to the french cabinet so not passing the buck he said the interior ministry wasn't responsible for this it was up to the french cabinet to deal with it now they did suspend the bodyguard and he as he went

shipped my maker micron technology it actually was blocked for selling certain memory chips in china and that stock got under heavy selling pressure and took the entire market was it sold trade still is all the rage here on wall street and probably also across the globe. corporate news now and facebook shares dropped over two percent on tuesday following reports of an expanding investigation into the social network's role in the data sharing scandal involving british company cambridge analytic according to the washington post the widening probe now includes the securities and exchange commission the f.b.i. and the federal trade commission facebook has come under pressure after a whistleblower revealed that british company cambridge analytical had collected personally identifiable information of up to eighty seven million facebook users without their consent the data could have been used to influence voters in several countries. and prices for u.s. crude have jumped to over seventy five dollars a barrel for the first time since twenty fourteen that's after iran's president hassan rouh

was up yesterday. >> right i disagree with micron i think that i don't want to be in the cross hairsf china. there's lots of stocks that are not in the cross hairs of china. that's what i'm saying there's so much etf. i know we're going to get to biogen if it's true, it's obviously only it's 40 it should be up a hundred. this has been intractable disease. i don't want to raise hope for anyone. >> i'm saying, there are a lot of companies that are not -- just because soybeans are on the restricted list. we'll write a check to everybody. that's what we do. i am not going to stop looking for the biogen i'm not going to stop looking for the j & j. up two points yesterday. how about proctor. proctor up six trade points. okay i'll take that. but the optionalty what they can do why does it matter because in the end, it's a market of stocks it's so easy i can be gloomy. do you want me to be gloomy? >> no. i like you're positive what you're describing is a more difficult game to play it's a stock pickers market more than a long time. >> yes and everyone wants to make it an etf. they're worried

camp but the volunteers continue to return and rebuild and we cannot they won't get all that the microns continue to come in and as long as the migrants come i hope that this part of the city and the country will do that best to welcome them but that accorded legal marriage will still fight in camp about the bab isn't alone in its resistance to hardline immigration policies. this is ventimiglia on the italian french border more than three thousand people from italy france and spain marched against italy's and the e.u. is migration policies. what should one think about all this there's only one word for this sort of politics which is fascist there's nothing else to say. he said not up isn't he not navin definitely doesn't on treaty and italy that's another italy which currently has a link to wise but must be hesitant. this weekend their message was clear pusa lottie may know salvini more rescues less salvini. a ceasefire reached between israel and gaza as dominant hamas militants on saturday is largely holding but there have been reports of isolated strikes the truth is the second between

knowledge has been blocked to sell certain memory chips in china and after that report the stock of micron dropped like a rock and also took some other sunni conductor makers there with them but then when we were looking at friday one of the big open questions if if china actually will impose tariffs to imports for us cars in the amount of twenty five percent we got some pretty decent sales numbers for the u.s. car manufacturers for the month of june here on tuesday but still the stocks went under quite some pressure because for the u.s. and the global car industry a lot is at stake here when it comes to those tariffs on friday as you mentioned we're already seeing the corporate cash and the european analysts reckon that this trade war is going to hit american companies really hard how hard do you think. well we also have analysts on this side of the atlantic and some u.s. analysts are actually saying that europe was specially china actually might get too targeted and the u.s. economy well it really depends what sector you're looking at so i mentioned the car industry so that could be a bi

in a meeting earlier this week with france's president emanuel micron the spanish prime minister said the e.u. needs to do more if it wants to see a fall in the number of people arriving illegally on its shores in luck will be to feel a little cooperation and development is very important a requirement is to socially politically and economically stabilize the countries of origin of the border protection sure type of dignity and respect for the human rights of migrant people if you know we need to strengthen our cooperation with countries of origin and also with the transit countries those. back in southern spain it's the end of an exhausting journey for these migrants and the beginning of an uncertain future in the european union. of greece as prime minister alexis tsipras has expect excepted response political responsibility is me for this week's wildfires with killed at least eighty seven. people at a cabinet meeting broadcast live he also said that evidence suggested that the fires had been started deliberately though he didn't know who might have been behind it a bitter debate is