mr modi was quick to point out how significant this was.be the first—ever prime of india to undertake this groundbreaking visit to israel. israeli featured in this video speaking hindi to welcome mr modi. but what has taken india so long to visit israel? some say it is india's closeness to countries like iran and support of the palestinian cause. mr modi has always said he wanted to go to israel but first he went to all the arab states and iran before he has come to israel. india is the world's second largest muslim country world's second largest muslim cou ntry yet world's second largest muslim country yet some dismissed the impact of that on ties between the two countries. in that sense, i think india is lucky. we don't look at foreign policy in terms of religious or ethnic views. so what is driving the india— israel partnership? india is now one of ink —— israel's biggest arms market and there are discussions at the corporation in agriculture as well. unusually, benjamin neta nyahu corporation in agriculture as well. unusually, benjamin

on this trip mr modi is expected to push forjoint development and sale of drones, missiles and radarnature make in india campaign. bilateral trade between the two countries is around $5 billion per year. both countries wa nt to $5 billion per year. both countries want to expand economic ties and are expected to announce deals in sectors like agriculture, water and space technology. the european union senior officials are also busy discussing free—trade deals with the southeast asia nations, a < unknown speaker: as asean in bangkok, thailand this week —— a bloc known as. the region created $280 billion in 2016 and that is 13% of trade in the region and when it comes to foreign direct investment, the eu is the largest source of investment inflow to the association of southeast asia nations. earlier i spoke with kris humphries, the executive director of the eu asean business council and i asked him if we were likely to see any progress in this meeting. there's time for them to go in this deal —— chris humphrey. they need to put ina deal —— chris humphrey. they need to put in a framework

mr modi was quick to underline how historic this visit is.onour to be the first—ever prime of india to undertake this groundbreaking visit to israel. israelis featured in this video speaking hindi to welcome mr modi. but what's taken an indian prime minister so long to visit israel? some say it's india's close relationship with countries like iran and the support to the palestinian cause. it has been a cautious tightrope walk, prime minister modi has spent three years of his own tenure where he's always said he wanted to go to israel but first he went to all the arab states that india has major ties with, he went to iran as well before he has come to israel. india is the world's second largest muslim country yet some dismiss the impact of that on ties between the two countries. in that sense, i think india is lucky. we do not look at foreign policy in terms of religious or ethnic views. so what is driving the india—israel partnership? india is now one of israel's biggest arms markets and there are discussions about corporation in agriculture

will you meet with mr. modiis desk the what would you them about his applications of your theory -- you want to tell about his application of your very? kenneth rogoff: i am not anticipated meeting mr. modi. my books as if you are an emerging markets, maybe you want to wait. say getbook does not rid of cash, do it slowly over five to seven years. it is not likely to be there productive. they get a sneak attack, they tried to our hoping a lot of money would not, in the wood baby to add to the treasury. on the other hand, what is interesting and i want to understand, it is political master struggle. -- that each ride in hoping that a lot of money would it not come into the treasury. he has done a lot of other things to fight corruption to try to have inclusion that has worked. i do not know if this one would be necessarily economic well tuned but was counterproductive in some ways. tom: the joy of your book is 2 books, cash and negative interest rates. what have we learned? kenneth rogoff: having effective at nega

that should be -- no, that's mr. modi, the indian prime minister. as soon as mr. trump arrives, w will bring you those pictures. annette joins us from hamburg. we mentioned some of the topics that will be discussed today it won't be an easy summit do we expect any agreement on anything >> the german side is increasingly optimistic that they reach an agreement which everybody can sign up to so of course that will be a compromise, and watered down approach on trade and also climate. but still angela merkel will make it clear that trade and also the paris climate accord, these are non-negotiable issues. what we most likely will get according to a draft communique is a commitment along the lines of the g7 trade agreement from may. on climate we'll get something that will state that the united states is pulling out of the paris agreement, but still is sticking to its approach to fight global warming globally and to fight emissions so, i think that will be some sort of compromise donald trump might be up to sign that as well this is what we're understanding right now. w

mr modi and his israeli counterpart, benjamin netanyahu, are expected to announce strategic partnerships—day visit is seen by some as a turning point in india's position on israel. italy has summoned the austrian ambassador after the defence minister in vienna said he expected border controls might soon be imposed to stop migrants coming from italy to austria. the planned controls will include the busy alpine brenner pass, amid fears that the situation could get out of hand. most cancer patients could be offered genetic tests to help aid more personalised treatment. in her annual report dame sally davis says there needs to be a national network of gene testing. this report contains some flashing images. this report contains some flashing images. hello, mate. could i have two cappuccinos, please? cancer runs in toby knight's family. both his parents died from it and he was diagnosed with colon cancer four years ago. now, he's one of 31,000 patients who have had their entire genome mapped by the nhs. i'm very excited about it. for me, hopefully, if my cancer decides to come back, it will b

modi from india. on the other side of the table, you have putin and erdogan and chi. and we've got mr.rump in there with no state department trying to negotiate with those guys i think we've got a formidable lineup there the u.s. vacated the position in the free world it's being occupied by the eu, by china and by russia our interest is for the eu to take that spot in which case it's merkel and macron that are the leaders. but the chinese see this differently. this is their once-in-a-lifetime chance to get to the adult table and they are doing everything they can to get there. >> i agree if i can pick up on that, one of the things we have to remember about our relationship with germany, which has hit a rocky road about what president trump has said about chancellor merkel, over the last ten years, we have seen about $200 billion investment on the part of the german companies into the u.s. bmw, amerimerck, you can go dowe line and as chancellor merkel said, bmw is one of the lead automobiles in the united states as that relationship between germany and china grows is, aught you not be i

modi have wound up their talks. it was not all happy. ramy: there is talk whether he is trying to replicate the bromance he had with mr. years of his presidency. donald trump: i look forward to working with you, mr. prime minister, to create jobs and create a trading relationship that is fair and reciprocal. ramy: you are looking at the trade deficit with india over the past few decades. it has been increasing, the more red, the more deficit. precious metals, $7 billion according to u.s. trade offices, machinery and agriculture. on the topic of machinery, there is some sales going on. for example, american planes are heading over to india, about 100 or so. no timeline. donald wants india to sign a deal on american national gas and wants to raise the price. there is a couple of things the white house does have to authorize. they are already authorized by companies. drones. another is the joint production of f-16s, which is lockheed martin as well as taught a. scarlet: increased sanctions elated to north korea. the treasury secretary rohibiting financial institutions from maintaining conclusions after that lender has act

mr. buffett. >> yeah, i think i should have encore on tonight. >> all right >> i have them >> you do? >> booked them booked them friday i do my own booking. >> we'll discuss that while we have seema modyoin us on the floor. seema? >> good morning, david emergency and oil prices continue to weigh on the markets. that's what's contributing to the decline in the dow, which is off just about 20 points, but a lot to look forward to, june retail sales coming out later this week, consumer prices, plus fed chair janet yellen commentary on wednesday, also the monthly labor market conditions number out at 10:00 a.m. eastern a quick look at global markets, trade tensions on full display over the weekend following president trump and chinese president xi jinping's brief exchange at g20, of course, in hamburg, germany trump striking a conciliatory tone, but no major announcement on north korea and trade this comes one week ahead of the 100-day plan announcement, where the expectation is we will get a comprehensive plan from both china and the united states. july 16th, put that on the calendar meantime in d.c., senate republicans returning from the july 4th recess, which means the health care bill

mr. prime minister, it is a great honor to have you here in the united states. thank you. prime minister modi: [speaking foreign language] thank you very much for ordering the equipment for the u.s. nobody makes military equipment like we make military equipment. we want to thank you very much. we look forward to getting on with it the meeting, thank you. thank you, ladies and gentlemen. thank you. >> thank you. president