rio tinto down despite news it eached a deal with mongolia. david joins us live from melbourne with a look at how significant this development is and given the share price on the way down, it proves it is better to travel than arrive sometimes. >> good morning, rish. rio has agreed to unlock this expansion of the mine in mongolia. that has been in a logjam for about two years. the muted response so far rio down about 1% in trading in australia in line with its peers like b.h.p. investors may want more detail on what this means. there are still some hurdles for the expansion to go through. what they have said is it needs to agree to the project financing. there are still some other hurdles including permitting to go through. investors showing a little bit of caution. the history of this project has been trouble for the past two years. we have seen copper futures fall this morning on expectations of weaker demands from china and the u.s., the biggest consumers. we have seen a bit of a mixed picture on the outlook. it may be that the -- from euro

joining us from mongolia.up, we will hear from russia's richest man on sanctions, the oil price and his thoughts on vladimir putin. you don't want to miss that. looking at an equity market rallying across the board. over 300 percentage points in the last few trading days. a weaker euro and a rally in the equity market. ♪ jon: welcome back to "on the move," i'm jonathan ferro live from the city of london. turning our attention to russia. with a wealth estimated at $17 billion, russia's richest man. the ceo of a mining company. despite sanctions, his personal wealth increased this year by nearly 50%. ryan chilcote sat down with the men yesterday for an exclusive interview where he highlighted the need to end sanctions. >> in my opinion nobody wants more sanctions. i don't think that anybody is interested to go further in terms of sanctions. it means at least we reached a certain stable level of tension. jon: ryan is joining me right now. what do his comments me to the investor? ryan: it means time to get in. sha

angie: getting out of a hole -- rio tinto and mongolia region agreement at last. the records keep coming -- u.s. stocks hit new highs on speculation on higher rates. among the drivers, apple, and carl icahn once a bigger stock buyback, saying the stock could double. facing the end game -- greece said to be almost out of cash as the deal remains elusive. welcome to "first up." i am angie lau. straight to our top story today delay andrs of disagreement are over and rio tinto and mongolia have agreed to continue expansion of a copper mind. we are joined live with this breaking news. so, it is a done deal finally? >> sure. beeninancing plan has planned by the government of mongolia and rio tinto. addresses key outstanding shareholder issues and there is an agreed basis for the funding of the project. according to a press release released earlier today, the country has seen its economy 17.8% from 17.5% when and the was at its peak slowdown was mainly due to a collapse in the mining sector. the focus now shifts to finalizing the finance, the feasibility study, and secur

-- and he also famousd mongolia's festival.nsists of horse racing and archery. he even tried his hand at shooting arrows and playing a traditional musical instrument. angie: so interesting to watch. visitt way does modi's differ from the ones he made to china and south korea? : well,zul narangerel both modi and the later tohasized the gifting pointing out establishing the monetary that would still operate. aboutas clear it is all spiritual ties and as he mentioned previous to the visit, modi talked about buddhism and democratic are two ideals of the country. and how the countries' relationship and economy will strengthen asia. as mongolia, modi's visit compared to china and south inea is very significant terms of being the first prime minister level visit of one of asia's top -- fastest-growing economies. and you? angie: modi, thank you for that -- angie: khongorzul narangerel, thank you for that. the best the bloomberg news. new digital content in one address. also on bloomberg.com, why the world's enriches man said a $41,000

why did i go to mongolia? i went to hard-core mongolia was which is officially in the middle of nowhere. i was with the driver and we went out and we went to the ancient ruins of the mongolian empire. why did i go there? the mongol empire was one of the first, certainly the biggest that use paper money and so 12 century a.d. the mongols realized in order to get people to come to their kingdom they had to make a convenient and make the money easy so instead of using coins they started to print paper. they back their paper was sober and silk and then the money was was -- and in 1260 kubla con conquers the chinese. he says there's a problem now. he added millions of people to his kingdom but there was not enough money. he cuts that link between metal and money. he starts saying listen you have to accept this money, this paper money and if you don't accept this paper money you will be subject to death. if you counterfeit this money you will be subject to death. marco polo writes in his adventures of travels of mar

both india and mongolia expressed their desire to expand investment ties.peration based on state and private sector corporation. and in the past 24 years if we look at indian investment to one ago leo, $7.8 million which is total to mongolia. one of the biggest outcomes of the visit was in the acknowledgment that relationships will move up a level from comprehensive to strategic. with this addition of india, indonesia has 4 partners including russia, china, and japan. they will tell by renewable energy and agriculture in cyber security and culture. after he addressed at the parliament, prime minister modi visited that cancer center and donated medical equipment. and then later on, he addressed a traditional costume and attended the famous festival consisting of horse racing and archery. he even tried his hand as shooting arrows and playing a traditional mongolian musical instrument. chris thank you very much. -- rishaad: thank you very much. will we see recovery and the japanese economy? in the lastgrowth quarter. that and more with ubs after this. ♪ >> tha

mongolia is full of dinosaurs. also full of gengis khan, irish bars and gengis khan beer, and i said what is this guy, he is a barbarian. he was a great civiller and europeans were the barbarians. >> by coming to the exhibit i will get a piece of paper. this sheet of paper, explain what this is. >> when you walk in everybody gets an identity, one of six different people you can be. you can be a warrior, princess. i don't think that would look good on you. or gengis khan or one of his generals. there are touch screens. in each different galleries as we progress through the hundred years of the empire, i will show you, you get to press button and find out what happened to your guy. in the end something bad usually happens but for instance, you were the solder. press the the button. it turns out here you were just a little boy and talks about how his chief had poisoned the the father gengis khan. he grew up in a brutal primitive civilization. this is a great mystery. how did this guy turn in the greatest conqueror, fo

an agreement will add to the mongolia mine and the rio tinto.et to our twitter question of the day, we bring you news that president obama has finally joined twitter. his handle is @piootus. the already has more than 1.5 million followers. there was a very funny exchange between him and bill clinton. which other world leaders should be on twitter? tweet me. ♪ francine: welcome to "the pulse." the european commission has ruled out the possibility of a greek a deal, however the greek government has expressed optimism. the finance minister gave an indication of just how close he thought the sides were to reaching an agreement. >> i think we are very close. until the deal is done, no one ever knows when the deal will be done. >> could it be a matter of 24 hours? >> let's say it is a matter of about a week. francine: let's go live to berlin and our international correspondent hans nichols. the greeks are optimistic. hans: normally, you have the greeks somewhat optimistic. in the middle, you have the european commission. then you have people saying th

mongolia's economy is set to get a major boost on that settlement. b.h.p.not making the cut for the new slimmed down parent or the emerger company. the operations are valued at more than 2.8 billion. according to r.b.c. capital markets. saudi arabia's march oil exports hit a nine-year high. the country exported 7.9 million barrels of crude a day. the largest opec producer. the most in at least eight years. you can find more on that story at bloomberg/europe. manus: join us both on twitter. i'm at manus cranny. mark is at bloomberg tv. you'll want to know what to watch for your business day ahead. what you need to know. nobody thought i could do it mark: you did. we're going to take a look at traditional with publishing. manus: then something you tune in for every day. it is the bart chart. what greek assets are telling us. mark: we'll take a look at the marks and why q.e. is not all good. manus: coming up after the break, european stocks harboring near record highs. we'll get an investor's take on where next for the equity markets? stay with "countdown". ♪

. >> mongolia back to business.t country, the third-largest compromise in the world. operation, forecast to account for one third of mongolia's accounting -- it opens the door for more than $4 billion in new investments. it caused foreign investment into the country supply by 90%. turquoise hill resources owns two thirds of the progress -- the project. shares have been up 40% for the year. let's get a look at the top stories. a $25 agreed to play -- million to settle claims it illegally enrolled members. misleading advertising and failed to address planes. paypal would refund $15 million to customers. patriots owner robert kraft says he will reluctantly accept the punishment handed down by the national football league for deflategate. speaking at an owner's meeting, kraft said he respects nfl commissioner robert duvall and will not appeal. -- robert goodell and will not appeal. he says the progress has been going on for too long, and he doesn't want to continue with the rhetoric. the patriots were fined $1 million a

he practiced with the grand champion in the same stable who is also from mongolia. >> translator: i'll work hard to attain the highest rank of grand champion. >> he's the fifth mongolian champ. >>> here in tokyo fair summer-like weather prevails with highs reaching around 30 degrees celsius or 86 degrees fahrenheit. jonathan oh joins us now with this hour's update sorting with the u.s. southern plains. jonathan. >> hello. i don't think we'll see any type of relief at least for the next day or so because we still have this persistent weather pattern bringing a lot of rainfall into region. look at the satellite perspective. you see clouds popping up right there. we have instability of the warm air coming in at the lower levels and when air is cooler higher up and dryer the warmer air rises and that's when we have these bigger clouds these thunderstorms popping up and that's when we have these types of situations. the wettest may on record so far for some of these locations. oklahoma city back, the time we had records for this area for the month of may of 369 millimeters. we're up to 482.

you can go mongolia the orient express.s is another one. >> he didn't really pay that much attention to his ticket until he got on the train. he says he was just sitting at the table. the only thing between him and the view of peru was a pane of glass. he set his camera down andou can sri the images along the way. ♪ >> absolutely stunning and beautiful and something you might want to put on your bucket list. not only is the scenery beautiful but you see local residents and you see tourists along the line with their backpacks waving. >> such a great way to see it. you just sit there and it is like a live film. just awesome. >> summertime is almost here. how about a refreshing smoothie? >> watch how she's serving this little smoothie. >> teeny little coconuts. >> why would she be doing that? sh she is making a little luau party. we've got the tiki bar set up made of crayons. the hamster has little hedgehog friends there and they are enjoying drinks with tiny umbrellas. >> i can't handle it. this is so adorable. >> it is made

practiced with yokozuna, or grand champion an older competitor in the same stable who is also from mongolia. >> translator: i will work hard to attain the highest rank of grand champion. >> terunofuji is the fifth mongolian ozeki. >>> people across parts of india continue to swelter under an intense heat wave. the number of deaths has climbed to more than 1200. the temperature in new delhi on wednesday rose to 46.3 degrees celsius. the daytime high in various parts of the country has been two to five degrees higher than usual over the past several days. most of the deaths have occurred in poor farming areas where people work outdoors. officials advise people to avoid going outside and advised medical institutions to prepare to treat more patients. >>> residents need the weather to cool down even a little. so the question is whether will they will get any more relief any time soon. mai shoji joins us from our weather desk. residents are really needing things to cool down, even a little. >> catherine, good question. we are looking at some southern areas with a cool down due to these rain clou

his fighting as a sekiwake in the third highest rank but the 23-year-old from mongolia could make the step up to the highest rank of ozeki as long as he wins the title this time or comes in as runner-up. he went down to his second defeat on monday so he has no margin for error if he wants to achieve his promotion to ozeki. terunofuji catches him and incapacitates the little man with a withering double arm lock. terunofuji goes 8-2. homegrown ozeki got off to a slow start last week but he's been looking strong since then. there are many fans in japan hoping to see him win his first empress cup. sen o satto came into day ten with seven wins and ten losses. the 28-year-old has been competing in the top division over a decade but still hasn't won a championship. can he finally make it this time? he was up against another ozeki goeido. goeido charges forward but kisenosato holds his ground. he allows him to gain a deep inside position. he finishes him off to stay in touch with the leaders with just two losses. now here are the standings at the end of day ten. hakuho is in the lead with jus

he'll travel to mongolia and south korea. china faces issues in relation to a border dispute with pakistan. there's growing commercial links and historical ties. the countries have been linked by a silk road trade road. the modern relationship started in 1950. india was one of the first countries to recognise the people's republic of china as an official government of the china. these days india is a large trading partner. china's export it equipment. and india send ore. both have a heavy military presence and chinese troops are reported to have crossed into india in september. india is wary of china's strong links with pakistan. benjamin is a policy analyst for the center for independent studies in beijing, and says the issues will be addressed in the coming days. >> i think the meeting we see today and over the next few days between zinc wr and narendra modi will be a bit of a jekyll and hide event. when it comes to the economic side it's upside. win-win. they share an interest. when it comes to the strategic political side

back down to the freezing point there in central mongolia. even snow in forecast. but south of that in beijing, a big difference 25 for your high on thursday. heading over to japan you're looking at warm temperatures but still the passing showers for those of you commuting on your thursday heading home from your golden week holiday out here. let's see what's going on in europe now. big topic still today that low pressure area that's centered over the british isles, but this cold front is bringing in widespread travel disturbances but weather. one casualty has been reported here in germany and widespread damage on a town in northern portions of the country because of a tornado that ripped through. you can see overturned cars damaged numerous buildings. and the tornado threat i think that's tapering off in germany as we go ahead through your wednesday, but it's still moving off towards the east. there is that threat into wednesday into thursday for those of you across parts of poland. tornadoes not just a central u.s. matter out here. it does occur quite often here i

visitors can experience life in the 13th century, in mongolia while learning how kahn created an empire that led the world in the modern age, the exhibit was created by the local dinosaur guru, don less o. >> very interesting great show there at the the franklin. >>> well, "cbs evening news" is just a couple minutes away. >> scott pelley joins with us a look ahead, scott. >> had hey chris and jessica great to be with you here in philadelphia. here's the "cbs evening news" tonight, twisters role through america's heart land and more may be on the way. we will show you damage that is already been done. >>> plus tom brady weighs in on the deflate gate investigation. and orphans of the war, return to vietnam, seeking the long, lost families. we will have those stories just ahead on the "cbs evening news". the eagles back in the news today. >> yes, they took care of a little business. a little signing. >> um-hmm. >> this afternoon. they signed 20,155th round pick nelson agholor, the party's agreeing to a four year contract. >>> and moving along... more on deflate gate, yesterday, the wells r

foral could be on the way developing the coal mine in mongolia.own. rio tinto had the agreement last mine, thiselop the could be the second breakthrough months.t in two business.orean hotel it is not sheila today. hotel across korea, lotte. the news is that hotel lotte is buying the new york palace on 5th avenue across from rockefeller center. angie: have you stayed there? zeb: i walked through the lobby. blue memo.t the shery: you are all matching. onne?eve on -- yv yvonne: doing pretty well. they're operating profit will jump 48% for the full year. but they also expect net income to drop 22%. they also talked about an investigation, one of its workers that embezzled about $20 million from the company. they updated it in terms of learning impact -- earning impact, 2 million dollars impact on net income. angie: you know what i realized we're playing this morning? rock, paper, and hotels. [laughter] yvonne: we need to find a scissor company. angie: if they are renovating the lobby, there will be some cutting. zeb: they have renovated rooms if you a

raising $6 billion to expand mining in mongolia. they will target 20 banks. government entity two-year dispute that affected -- effectively stalled the project. coveria has a deposit of and gold. in what is being dubbed the smartphone wars, between countries not companies. china and korea adopting antitrust policies that may require licensed use of tack to rivals. other countries considering similar policies. indian arms, the business has run 118 million subscribers. vodafone the second biggest mobilephone operator in india. 10% ofequested -- overall revenue. year since india 's new prime minister rose to power, bowing to improve infrastructure and deliver prosperity and jobs. midnight theories. fuel the hopes that were raised over a victory. there was a weight of expectation? >> there was. if you judge him truly based on what was going on when he took andr, the drift disillusionment that had taken over, he has done ok. he has cleared that up and stabilize the macroeconomic environment. but the expectations were bigger. people expected him to lay the groundwo

angie: getting out of a hole -- rio tinto and mongolia region agreement at last.eep coming -- u.s. stocks hit new highs on speculation on higher rates. among the drivers apple, and carl icahn once a bigger stock buyback, saying the stock could double. facing the end game -- greece said to be almost out of cash as the deal remains elusive. welcome to "first up." i am angie lau.

but any other country you can ,magine, saudi arabia, mongolia america, canada.: capital mining to be trading on asx with a new product and name by early june. paul allen, bloomberg, sydney. angie: if you would like to read more on that story and others, pick up this week edition of bloomberg businessweek. bookies andoxing, big bucks. the look at the winners and pacquiaof mayweather- fight when first up returns. returns.first up," ♪ angie: checking other stories making headlines. saudi arabia has rejected claims that it has used banned weapons in yemen. human rights watch says it has evidence that cluster bombs have been used at least twice against shiite the rebels. they also denied reports that it sent ground forces into yemen. more than 20 people have been injured in dozens more protests by the ethiopian jewish community against police brutality. in tel aviv they were attacked by -- with rocks and bottles and responded with pepper spray and water cannons. ofcess called after videos an israeli ethiopian men being beaten by police. baltimore has lifted a nightti

is looking to widen india's relationship with its neighbors, and that will be to countries like mongolia south korea gaining even more importance. rishaad: thank you. reporter: let's check in on markets trading now. one of the laggers includes bhp after its spun off lts -- into a new company south32. world's biggest miner tumbling the most in seven years before the spinoff started trading. -- seoul down .10% now. south korea is .07% lower despite china new home prices rising in more -- hong kong down .71% despite a rise in home sales. >> japanese shares rising. more when we come back. ♪ >> the top stories this hour. it was valued a below estimates. the world's biggest manganese producer. >> we start day one with a strong balance sheet, which is important. we also start with assets and a great set of people. we have to do some work in terms of growth potential, but from day one i think it is going through the cycle. >> demand was boosted by property and free interest rate cuts. it comes as developers are increasing scrutiny. the demise has raised worries about contingency and unreported d

mongolia said it opens a new page in history. a burning issue now. phone batteries causing considering a fires causing airliners to ban sh shh shipments of units. we're headed to jakarta later this hour. what is going on at this hour? here is david. >> things are looking a little bit better this time around. the hang seng index, that is what happened so far. flat. a fair amount of weakness. the shanghai up 1%. 4322. these two have -- which is why you see a regional benchmark. speaking of shanghai here. i want to point out

will account for one third of mongolia's economy.mention open the door for more than $4 billion in new investments. the stalled talks have caused foreign investment to plummet by 90%. turquoise hill resources owns two thirds of the project. shares have been up 40% for the year. olivia: islamic state has reported the rounding up and killing of enemies in ramadi. residents say victims' bodies are being thrown into the euphrates river. 25,000 people are now fled the city. at least 58 people are dead after a mudslide in western columbia. officials say they do not know how many more are missing. .eavy rain caused an avalanche it struck a small mountain town yesterday while people were sleeping. the corruption tribal -- the corruption trial. not guilty to she pleaded not guilty today. -- she pleaded not guilty today. a conviction could mean 10 years in prison. the bird flu could cost the u.s. $1 billion. officials say it is affecting 15 states. chicken and turkey farms in iowa and minnesota are the hardest hit. those two states have lost n

a giant copper and gold mining deal could get a big boost to the economy of mongolia.ll have that story plus the latest on the markets in europe. we look at the preview of the newest luxury condominium tower that is set to rise in midtown manhattan next to the museum of modern art. anchor bettykets liu is in washington today at the peterson's fiscal summit. a gathering of the best minds on policy to discuss out both sides of the aisle can find wheel pollution -- real solutions to economic problems. not an easy task, betty. betty: not at all. we have some of the biggest mines here. i just got off the stage with alan greenspan, who also there is not enough urgency in washington. we have the monetary policy side that seems complete and is moving along, but the fiscal side is stuck. there is no urgency they can claim in washington. i asked the former chief of staff to george w. bush, she was in the audience and i believe she is still in there, about how to get that kind of immediacy, that feeling back in washington. this is what he said. >> the reality in washington, d.c.,

notably singapore, hong kong, and malaysia but any other country you could imagine saudi arabia mongolia america, canada. paul: as for capital mining, it expects to be trading on the a.s.x. with a new name new product and new future by early june. paul allen bloomberg, sydney. angie: more on that story pick up this week's edition of "bloomberg business week." just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. >> the top stories. the figure was the lowest significantly lower than 50.1 on friday. it is also the sharpest contraction in a year. beijing pledge whatever is needed to counter slowing growth. competitors have left the sides far apart. sources say there are deep differe

. >> i, 25 years things from mongolia. >> trying to, this is triple siege crossbow.. when you had to get through wall cities, what thousand dollars do, they had million people. first guy to use cannons gun in the exhibit from the 13th century. so accent here on all of the civilize g great military genius he did unbelievable stuff to get through the places. >> what's this, what's this? is this a bow a as well? >> no, catapult. >> what would they do with this cat a (. >> really cool. so you can imagine they sent flaming all kind of stuff through. also sent giant squirrels. >> really? >> why giant squirrels? >> why not? so the idea is squirrels carried the playing. varments from central asia. they shoot them into the city. the animals don't do very well. but they get in the water supply. and everybody catches the playing. so instead of fighting they just wait until everybody unfortunately dies. >> gang us con really smart guy of warfare. >> still teach at west point the strategies that he invented. >> okay. >> now we have some -- looks like big rocks. >> no, they're ins

cool dry air out offener mongolia. where they interact. semipermanent boundary sets up and squeezes out all right moisture we see. in fact. oftentimes. calling it mold rains. they know very hard to keep things from molding in the month of may and june. comes to excessive rainfall that comes down. take a look at numbers. hong kong, you take on the largest city. see the numbers peak here. half a mooter or so of rainfall. every single month from the month of may through october before things begin tapering off. we picked up over 100 millimeters. 6 inches of rainfall has come down in 12 hours in and around hong kong. active storm track expected to stay in place. hong kong has seen dryer conditions this time of the year. look at the models. next seven days. rainfall could be in excess of 100 millimeters or 4 inches around this region. often times, errol, rosemary when we talk about this pattern, you know the continues, when you get away from the big cities you get into remote villages where it is really, a scary situation for people. because --

narendra modi is due to arrive on friday before travelling to mongolia and south korea. it is to strengthen bilateral trade. a border dispute over an eastern sector of the himalayas could threaten that relationship. adrian brown has this report from beijing. >> reporter: on the surface the two appear to be close friends. they have long historical ties as well as deepening commercial ones. this is a relationship that essentially has been overshadowed by a number of unresolved territorial disputes that led to war. there's problematical issues of the leader. the dlali llama that lives in northern india. on the eve of the visit china's media call onned indian government to stop supporting the dalai lama. there's the complex issue of pakistan. in recent months beijing has been moving closer to islamabad. the president was there, offering $48 billion investment. it's part of china's strategy to increase influence. i think the prime minister's strategy will be to speak directly to the chinese people, having signed up to weibo, which is the equivalent to twitter. there are other

it's considered a mongolia which means warrior. there's warriors and there's gangsters or whatever. we don't have to be told what to do, a warrior knows what to do. >> galvin made it clear that knowing what to do inside corcoran meant stabbing his enemies. >> i was on the yard and i stabbed a white guy like 17 times or whatever. from there, they took me to ad seg, and yeah, i stabbed another white guy. and that's what got me here. >> galvin's violent ways in prison landed him in corcoran's secured housing unit, the shu, a 24-hour lockdown, reserved for only the most dangerous inmates. but galvin told us that his predatory ways began on the streets of fresno. >> i used to kidnap people and hold them for ransom. like, you know, you've got the college kids out there, you know they've got money, they're in college. so you know, you just take one of them. >> how? >> by force. >> how? >> just grab them by the neck and put them in the car, you know? have them call their parents and have them wire money to an account. you know, that's about it. after that you let them go, if they put the mo

he is due to arrive on thursday before traveling to mongolia and south korea.strengthen financial trade. however, a border dispute over an eastern section of the himalayans could threaten that relationship. >> reporter: on the surface these two vast neighbors appear to be close friends. they have long historical ties as well as a deepening commercial ones as well but this is a relationship that has always been overshadowed by a number of unresolved territorial disputes that in 1962 actually lead to war. and then there is the problematic issue of the exile of the dalai lama who lives just across the border inside northern india. china's official media has called on the indian government to in its words stop supporting the dalai lama. and then there is the complex issue of pakistan. in recent months beijing has been moving closer to islamabad, the president was there last month offering some $48 billion in investment. it's all part of china's strategy to increase its influence in south asia. i think the prime minister's strategy during his visit will be to speak

this is the region of inner mongolia. it's still lately in the air to get this sort of weather. there's no doubt about it. more typically you don't get the sort of thing. temperatures 21, 23. this is not snowy weather. it's a pocket of cold weather. more typically you expect to get out of this region sand storms. this is typical of the northeast of china this time of year, not necessarily cold, but dusty. >> the dryer dusty weather trying to come up from the south, you get this persistent spring rain, so typically 50-90o.100 milliliters of rainfall in southern china. the floods have started and will carry on for a few more weeks. this is the forecast for wednesday, 31 and rain. it will vary in and out for quite a while to come. spring rains eh? >> thanks, robin. still ahead u.n. reports say armed groups of targeting women and children in south sudan. >> prosecutor tests over shell's arctic drilling plans. in. >> in sport the lightning strikes back. all the details later in the program. [beeping] ooo come on everybody, i think this is my grandson. [lip syncing] ♪little girl you l

cool dry air out of inner mongolia. where they in the act. compresses the air.sets up fog and squeezes moisture. ancient chinese call this direct translation for plum rains. they would know this sets up in the month of may. continues typically 40 or so days. when this happens they knew it was team to harvest the plum. pattern stretches thousand of kilometers. impacts a half dozen nations across the portion of the world. something you would see every may. look at the setup. and look at the rapid incline and moisture and precipitation from may through october. you get the heavy rains. taper off drastically. here's how much we tabulated. 200 millimeters. 6 inches of rainfall that has come down in a 12 hour span. they're sitting below average for what they typically expect for this far into the season. guess what? active storm track across this area. we know the heavy rainfall is going to last quite some time over the region. of course with that, take a look at depictions how much rain has come down. some of the isolated spots. 400 millimeters of rainfall has come d

a major start in the gobi desert in mongolia and china produced this dust. here is the satellite image from the international space station of the massive dust storm and it has traveled across the pacific and made its way into our air and it's passing on through. across the 48 contiguous days especially thunderstormy and off the florida coast and in the central and southern plains and it will be mainly sunny and dry and there will be thunderstorms in the southeastern corner and breeze owe the central coast which, of course includes the bay area and we'll have mainly sunny skies tomorrow and high temperatures ranging from upper 50s at the coast to upper 50s on the bay to upper 7 s inland and the little rain that we're hoping for will probably arrive tuesday. >> still ahead the internet is abuzz about men's facial hair. this is kind of gross, actually. how germy can beards get. >> and the san francisco company in the stock spotlight and what led trading and shares of sales force to be briefly halted today. >> i'm 7 on your side's michael finney. bay area price

mongolia's government last week let them expand their gold and copper mine. let's see what it does.we are talking about a home appliance chain. nikkei reported they might be shutting down 40 stores, mostly in the suburbs, focusing more on urban areas. this is about 4% of stores overall. the nikkei did not indicate how many jobs would be affected. but the stock has been rising for about six days, up 33% for the year. buys, 11 holds, two sells. angie: thank you for that. are you sure you do not want to sing their songs? that is the verdict from the stock exchange. we live in a pick and choose world. choose, choose, choose. but at bedtime? ...why settle for this? enter sleep number...don't miss the memorial day special edition mattress with sleepiq technology. sleepiq tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store. save $500 on the memorial day special edition mattress with sleepiq, plus 36-month special financing. ends monday! know better sleep with sl

any other country you can imagine, saudi arabia, mongolia, america, canada.ts: capital mining to be training with a new product new name and new future by early june. paul allen, bloomberg, sydney. shery ahn: if you would like to get more on that story and others pick up this week's edition of bloomberg businessweek. next, little activity on china's factory for rise or fall? hsbc figures say otherwise. we will find out after this short break. ♪ shery ahn: stories making headlines around the world. saudi arabia has rejected claim it used weapons in yemen. human rights watch has evidence that cluster bombs have been used at least twice. they have also denied reports it said ground forces into yemen after witnesses say saudi troops were seen near the airport. more than 20 people have been injured and dozens more arrested during protests by israel's --opean jewish community ethiopian jewish community against police brutality. police say they were attacked with rocks and responded with pepper spray. words after showing and is really ethiopian man being beaten by p

in mongolia they have an experiment with a say we will devolve as much power as possible actively andking to diplomatically as well. brendan: the other point that they made was climate change which is that the city can make concessions that states are having a hard time doing. tom: that traditional system from other sentries are we going back to that with london new york, bombay and tokyo being the centers of elites that drive international relations? guest: we are going back to that and places that have consolidated democracies. in those places, state power is actually consolidating. but evoke's point -- but evo's point, where we are seeing dynamism, it is not at the capital. brendan: our twitter question of the day links sports to international politics. will russia and qatar lose their world cup? we will see. ♪ tom: good morning everyone, we are on fifa watch. amazing headlines out of switzerland and brooklyn, new york. here is bonnie on ebay. vonnie: ebay offering a new plan to attract advertisers. they will target advertisers only for ads that lead directly to sales. they will pi

for example one example talked about is mongolia. it was almost like modi. the speech he made in madison square garden about how it cost only seven per kilometer to get to -- but costs much more to get by taxi. in a sense modi appropriated that just as a lot of the existing macroeconomic scenarios have been appropriated, and in a sense, that is inevitable because as the prime minister of a country you step in, and to be fair to modi he not only inherited that but the crashing burden of the scams and the lack of investment of the reforms and he has made a lot of progress over the last one year. but i guess a sense of just -- drawing sore of a line to say this much was modi anding this much happened before would the clarified the picture. these are questions that came up to me and we can leave that to the discussion. >> thank you. lance, dead did you want to respond or go to question? >> be great to get to the discussion. just a very quick point. i think about re-asserting indiays potential cuts through to people who weren't interested in the ideological aspec

why did i go to mongolia? i went to hard-core mongolia was which is officially in the middle of nowhere. i was with the driver and we went out and we went to the ancient ruins of the mongolian empire. why did i go there? the mongol empire was one of the first, certainly the biggest that use paper money and so 12 century a.d. the mongols realized in order to get people to come to their kingdom they had to make a convenient and make the money easy so instead of using coins they started to print paper. they back their paper was sober and silk and then the money was was -- and in 1260 kubla con conquers the chinese. he says there's a problem now. he added millions of people to his kingdom but there was not enough money. he cuts that link between metal and money. he starts saying listen you have to accept this money, this paper money and if you don't accept this paper money you will be subject to death. if you counterfeit this money you will be subject to death. marco polo writes in his adventures of travels of mar