my dear members of the congress , please do come and see the new japan. we have regained our spirit and our sense of speed. japan will not run away from any reforms. we keep our eyes only on the road ahead and push forward with reform. there is no time and there is no doubt about it whatsoever. my dear colleagues the peace and security of the post war world was not possible without american leadership. looking back it make me happy all the time that japan of years past made the right decision. as i told you at the outset citing my grandfather, that decision was to choose a path. that's the path for japan to ally its term with the u.s. and to go forward as a member together with the u.s. and other like-minded democracies, we want the cold war -- we won the cold war. . that's the past. that made japan grow and prosper and even today there is no -- my dear colleagues, we support the u.s. in order to enhance the peace and security of the asia pacific region and i will state clearly we will support the u.s. efforts first, last and throughout. japan has deepened

my dear members of the congress, please do come and see the new japan, where we have regained our sense of reform and our sense of speed. [applause] prime minister abe: japan will not run away from any reforms. we keep our eye only on the road ahead and push forward with structural reform. there is no alternative, and there is no doubt about it whatsoever. [applause] prime minister abe: my dear colleagues, the peace and security of the post-war world was not possible without american leadership. looking back, it made me happy all the time that japan of years past made the right decisions. as i told you at outset, citing my grandfather, that decision was to choose a path. that is the path for japan to ally itself with the u.s. and to go forward with the rest of the western world. together with the u.s. and other like-minded democracies, we want the cold -- prime minister abe: that is the path. grow and prosper. and even today there is no alternative. my dear colleagues, we support advancing of u.s. enhance the peace and security of the asia-pacific region. i will stand clearly, we will s

the new japan/u.s. agreement stipulates this clearly japan will use force to protect its people. this is japan and the united states common understanding. if japan should be exposed to danger the japan/u.s. alliance will function fully and by sending this message to the world the deterrence of the alliance will be enhanced even further and the chances of japan being attacked will lessen further. that's what i believe. therefore, to label the bills as war bills is irresponsible and completely incorrect. the bills are strictly aimed at protecting the lives of the japanese people and their peaceful livelihood and for that end we prepare for all scenarios and prepare seamlessly, that's what the bills are about. the conventional principle that the self-defense force personnel cannot be dispatched generally still holds. therefore, it will never happen that the sdf will participate in combat in wars like the gulf war or the war in iraq. that will not happen. now or in the future. and on the other hand overseas the self-defense forces for more than 20 years starting with the mind sweepin

new rules. they note the information written on quarantine and other mandated documents can be used as certificates of origin. but officials from taiwan and japan haven't agreed yet on specific ways to implement the new regulations. japanese officials are asking for the measures to be withdrawn, citing a lack of scientific justification. >>> japanese manufacturers are reaping the benefits of a weaker yen. one electronics giant has reported record profits. ai uchida has more. what are you hearing? >> we have been seeing mostly upbeat earnings reports over the last few weeks. that is certainly the case with the electronics giant hitachi. the company booked a record profit for the business year ending in march. the hitachi officials say operating profit set a record for the second straight year coming in at around $5 billion. that's up 11.6% in yen terms from the previous year. group sales stood at $82 billion. that's about 2% higher. officials cited the overseas infrastructure businesses such as providing elevators in china. they also say the weaker yen inflated their business results. as for the current business year that ends next march they pr

spoke at a meeting in berlin to delegates from over 30 countries, including japan, the united states and china. they worked on a new framework to tackle global warming. the goal is to create a framework that the nearly 200 members of the u.n. conference in december can agree to. japan is one of the countries that have not yet handed in targets. the environment minister says he understands some countries want japan to announce its target as soon as possible. >> translator: i told the delegates that the prime minister plans to explain japan's ambitious target, which is in line with the international standard, during the upcoming g-7 summit. >> climate change is expected to be at the top of the agenda at the g-7 summit scheduled for next month in germany. >>> drones are making headlines across the world for causing security scarce at public buildings and famous landmarks. as authorities develop new laws to govern their use, an international drone exhibition is opening up for the first time here in japan. >> reporter: people have gathered to study drones and learn about their newest capabilities. 50 japanese and overse

last year's consumption tax continues to cast a shadow over japan's economy. new car sales fell for the fourth straight month. officials at auto industry organization say 320,000 vehicles were sold in japan last month, down 7.4% from the same month last year. excluding many vehicles new car sales rose to 5% a little above 198,000 unit from a year earlier. first rise in nine months. overall sales were pulled down by sales of mini vehicles which dropped sharply by 22.5% to more than 120,000 units. the officials attribute the sharp decline to a tax increase for vehicles that kicked in last month. they cite the backlash from last year's consumption tax hike. checking the markets tokyo stocks managed to rebound slightly after their biggest one day loss for the year on thursday. the nikkei average ended marginally higher at 19,531. for the week the index did 2.4% after hitting the key 20,000 mark. analysts say concerns over the u.s. economy weighed on sentiment. moving on to australia, the s&p/asx 200 ended at 5814. market watchers say bargain hunting and resources supp

news providing some evidence that the economy is continuing to recover after last year's recession. willie, on the economy is there any real grounds for optimism? >> well, yes. happy birthday buda from japan. this is some of the best news we've had in a few months. you know, there are caveats gallonor. -- galor. the u.s. is recovering certainly that's good news for japan thsm's certainly the back grop that we're moving into. there are a lot of head winds that are affecting the u.s. economy. sales are up last week and are still affecting consumer spending. big exporters which are shipping more and more to the u.s. and even in china they're not sharing those spoils with workers just yet the kind of wage increases that we've seen in japan have been quite disappointing. you weaken the end. you give companies bigger profits. the first half of that matrix is working pretty well. the second half is not working out yet. there's a lot of questions they send the matters to the broader economy. >> sit like perhaps your time will return to surplus perhaps in the last 1 years. how does it feel on the streets of japan there as well? >> well, that's an interesting question. the first part of your questi

news. it was a story that japan's leading financial and business news outlet refused to touch. it's no coincidence that the founder is a former journalist who left that outfit when editors spiked a story about fraud in the 1990s. one resource in english is the shingetzu newsagency run by an american academic. it carries articles on culture, society and politics especially on controversial issues that the japanese media are unwilling to communicate to foreign audiences. such as l.g.b.t. and self censorship in the media and other matters. check out or website for information on these sites. only on al jazeera america. >>> finely you have made the plane, crammed your carry on into the overhead bin, taken your seat and are ready to zone out. how many of you watch the in-flight safety video? delta airways came up with a way of marking the 12th anniversary of youtube and to get people to tune in by using online characters. it's called the inter-nettist safety video and features cameos from viral stars. so buckle up see if you can spot the keyboard cat, the screaming goat and the grow

restaurants will be closed. >>> last year's consumption tax hike continues to cast a shadow over japan's economy. new car sales in april fell for the fourth straight month. officials at auto industry organizations say nearly 320,000 vehicles were sold in japan last month, that's down 7.4% from the same month last year. excluding mini vehicles, new car sales rose 5% to a little above 198,000 units from a year earlier. that's the first rise in nine months. but overall sales were pulled down by sales of mini vehicles which dropped sharply by 22.5% to more than 120,000 units. the officials attribute the sharp decline to a tax increase for mini vehicles that kicked in last month. they also cite the backlash from last year's consumption tax hike. >>> chinese leaders are tackling air pollution by encouraging citizens to buy electric vehicles. but the models they approved are too expensive for the average buyer. people in regional towns and cities are opting for cheaper alternatives. the cars are slower but sales are booming. nhk world has more. >> reporter: last month in this province, it drew about 500 com

new security legislation. >>> and major restoration work has been completed on a castle, a unesco world heritage site in western japan. many people are eager to see the castle's fresh new look. >>> chinese government leaders are breaking ground on a controversial construction project in the south china sea. they are building lighthouses on the spratly islands. world leaders are taking notice and voicing their concerns. >> reporter: state-run tv in china is reporting what will be the next major project on the disputed spratly islands. it says two large lighthouses will be constructed on the reef. a foreign ministry spokes person said the project is for peaceful purposes. >> translator: the lighthouses will provide vessels with efficient navigating and other assistant services and thus will greatly improve their safety. china will continue construction of civil facilities on relevant reefs on the spratly islands to better serve countries of the south china sea and different countries vessels operating in the waters. >> reporter: but officials in neighboring countries say they are skeptical. china is locked in a dispute

they have to notify around japan for the new policy. that's it for business news. i will leave you with the markets. >>> drones have created term oil here in japan. a man has been indicted in a resent incident. nhk has the details. >> japanese officials gather in tox owe. >> translator: we just respond to the threats and establish strong security and meet public expectations. a man was arrested on suspension of driving a drone on the roof of the officer last month. he say that is he had meant to land the aircraft in the court yard, but he gave up as darkness fell. 40-year-old admitted to putting radio active in the drone. he was testing the power policy. he collected the sand in the restricted zone near the nuclear plant. on thursday 15-year-old boy tried to fly a drone near a building. police warned him not to fly it since it could harm pe decemberople. he is believed to have flown the drone during an event on saturday. the device went down in the middle of a procession as worshippers went on. no one was injured. in national police agency instructed officers to enh

a lot of news from japan bank today. rumors.ie bhp because we are looking ahead to that.s a debuts and sydney, sitting trading, selling a selloff down about 6%. to pursuit and the alice raising according to some reports. a star production after the price rebounds. l&g products. about these australian projects are really going to contribute to gdp about $55 billion, aussie dollars, i should mention to help. santos, seemed a bigger chunk of that. seeing things unchanged on the santos for it. some of the things driving the markets in japan, real quick here. we are seeingtims is basic military materials off 1.5%. health care up. upsumer services driving 2.2%. angie? angie: let's dive a little deeper as evil on mentioned. bhp spinoff makes is trading debut. -- as yvonne mentioned. it will be one of the biggest silver mines. of course, we're talking about south32. we have david joining us. tell us about south32 and where it will operate? david: good morning. assets andl have 12 crawls five countries. will beest areas australia and south africa, the largest areas contributing to

about. >> reporter: more than a century after their ancestors left japan, these teenagers are rediscovering their heritage and building new bridges between canada and japan. yuji osawa, nhk world. >>> children in japan are getting some hard lessons in a fun way. they're learning life-saving skills about how to react to earthquakes and avalanches. and their teacher is part expert, part superhero. >> translator: i'm a scientist. in fact, i have a ph.d.. you don't believe me? >> translator: this character will make you a believer. he goes by the name dr. notarranger which means dr. avalanche ranger. he's a superhero who teaches kids about natural disasters. his powers include simulating an avalanche using a plastic bag. scary enough to remember. the doctor hopes children will recognize the dangers while having fun. notarranger's alter ego is noguchi, a specialist in snow disasters who's been with japan's national research institute for more than three decades. about 20 years ago, he started holding workshops on natural disasters. he donned the costume to attract kids' attention. since then he's presided over more than 2,000

new local specialty. and they're turning to a master sake brewer here in japan to give them a hand. nhk world's ria tomea reports. >> reporter: a tiny sake brewery nestled in the mountains of yamaguchi prefecture. the workers' number is just two. this is the brew master. every month he produces a new limited-edition sake. recently he started using rice from italy. he's using the same rice that is usually risotto. >> translator: italian rice is a similar shape to japanese rice but it's a completely different size and color from the rice we usually eat. >> reporter: the rice comes from northern italy, an area famous for rice growing. it's also famous for its water. high-quality rice and water. these are the two essential ingredients of japanese sake. she took a holiday. she's a sake promoter. on learning the local people wanted to promote their town she persuaded them to create their own brew. the plan appealed to this group of six italians including a wine sommelier who decided to come to japan to study how to make sake. he put them in touch with him. >> translator: the brewery is sm

the professor is friendly to both humans and rice plants, and it's about to shine a new light on rice farming around japan. nhk world, yamaguchi. >> that's it for business news. i'll leave you with the markets. >>> wednesday marked two months since a powerful cyclone hit the south pacific nation of vanuatu. a team of japanese experts went to vanuatu to try to assess the strength of the storm and the damage it caused. >> reporter: this image of cyclone pam was captured by a japanese radar satellite. the eye of the cyclone is clearly visible. the pressure near the center of the storm reacd 896. the strength of a super typhoon. many buildings were destroyed. and more than 160,000 people, 60% of the population of vanuatu, were affected. late last month, a research team from kyoto university went to tanna, an island near the center of the damage. it suffered the most damage. this neighborhood is in the northern part of the island. most of the buildings here were destroyed in the high winds. this church built of concrete blocks was one of them. jutting from the damage, the research team determined the wind spee

and he reiterated the new security policy will also lower the risk the nation and the people of japan may face. >>> protesters rallied in front of the diet building. they're afraid the new policy could send the new country to war. 900 people gathered. bills enabling japan to fight wars must not be enacted. they said war renouncing article nine of the constitution must be maintained. >> translator: the legislation will destroy article nine. i think we should stop anything that will let the sdf kill or be killed abroad. >> translator: i fear that our husbands children grandchildren and loved ones could be sent away for war. >> the demonstrators say they'll rally every week during the diet session. >>> now, a former head of the sdf says it's necessary to debate how the government should face the possibility of war casualties. no sdf members have lost their lives in battle in the six decades of its history. takashi takashi saito welcomed the new national security bills. >> translator: i don't think the new legislation will put sdf personnel at much greater risk. their current missions hav

the announcement comes after japan and the u.s. agreed on new defense cooperation guidelines. officials in tokyo and washington say the aim is to strengthen the alliance and enable japan to play a more active security role. >>> children in nepal could face another challenge after surviving last month's powerful earthquake. officials say the quake damaged or destroyed thousands of schools in the country. they say the prospect of many children returning to classes any time soon is slim. more than 7,700 people in nepal and neighboring countries died in the quake. it damaged or destroyed some 360,000 buildings. that includes 1,500 schools. more than 5,000 have closed temporarily. officials at a school in a kathmandu suburb say that bureaucrats have done nothing but visit and take photographs. they say they haven't heard from the government about a timeline for setting up tents or makeshift classrooms for the 300 students. >> translator: i want to reunite with my friends. >> translator: i like school because i can learn a lot of new things there. >> officials at nepal's education mi

new zealand right now, we are seeing gains in equities. we are also counting down to the open in australia and japan. japan, green arrows on friday. es in chicago, do the math. it looks like it will be about 110 points higher at the start of the session. , showing a stronger u.s. dollar. new twist in the tale of berau. a former director refusing to leave his position or office. of its parent company, hr resource minerals, have been suspended in london. but go to has haslinda amin. what is this all about? actually, it is about a company in higher need a restructuring, on the verge of a default. all assets have failed. and now a twist. sambodo isamir refusing to leave his position. unlike anything we have seen before, he has locked himself in the head office in jakarta. he is refusing to allow his successor or anyone through the door. au'sas taken control of ber accounting systems and bank information. this has gone on for several days. he hired more than 100 guards to prevent his innovation. he says he will sue his former bosses for engineering his removal. -- saysource as it can it continues to take reasonable steps. what exactly,

. >>> more people from around the world are choosing to spend their holidays here in japan. a new report reveals what makes the country such an attractive destination. gene otani has the details on that. >> we have been telling you about the record number of visitors especially from other asian countries. officials are welcoming those numbers and they're getting recognition for their hard work. they're celebrating a report that ranks japan in the top ten travel spots worldwide. officials put japan ninth out of more than 140 countries and territories. the first time they have given japan a top ten spot. they looked at almost 100 factors. and they ranked japan at the top in seven of them includes hospitality, infrastructure and low threat of terrorism. they ranked japan 119th on price competitiveness and they said that dragged down their overall position. other asian countries that did well was singapore hong kong and mainland china. officials want to build on their success and they have seen the number of people that have spent their holidays and they're hoping for a bigger slice o

and it's to shine a new light on rice farming around japan. rie tamiya nhk world, yamaguchi. >>> that's the latest in business news in this hour. i'll leave you with a check on numbers. >>> russian opposition activists have published a report that says the russian government is deeply involved in the war in ukraine. the report includes evidence compiled by the murdered opposition leader, boris nemtsov. opposition members announced the publication at a news conference on tuesday in moscow. nemtsov collected evidence for the report before he was shot dead in central moscow in february. he was a vocal critic of president vladimir putin. the document says at least 220 russian soldiers were killed in fighting in eastern ukraine last summer and earlier this year. the death toll is based on the number of coffins transported to russia and interviews with relatives of those who died. the report says russians who joined the armed separatists in eastern ukraine were paid up to $1,700 a month. it includes photos of russian tanks and anti-aircraft missiles

news for this hour. james, i hand it back to you. >> thanks for those thirst quenching updates. >>> the relationship between japanand south korea has been sour for some time and according to a new survey looks like it may stay like that for at that while longer. majority of people in both countries have negative impressions of each other. >> reporter: the survey was conducted by a south korean think tank east asian in april and may. 1,000 people in japan and 1,10 in south korea responded. >> translator: the impressions of people in both countries of the other nationalityiy are still negative. >> reporter: japanese who have negative feelings about south koreans decreased slightly. only 24% have positive thoughts. south korean respondents who said they have favorable impressions of japan has decreased. the reasons for the negative impressions varies but two most cited ones 74% of south koreans said they have a negative view of japanese people because they fail to reflect on their past aggression properly. about the same percentage of japanese said they are not impressed with south koreans because they continue to c

. >>> breaking news we're getting from japan where a strong earthquake has rattled tokyo and its suburbs. magnitude 5.6 quake. new video joust coming in showing buildings swaying. so far no reports of major damage. the quake was about 30 miles below the earth's surface. more intense in tokyo's suburban areas. >>> some harsh words about the military in light of major advances by isis. ashton carter says the iraqi forces showed no will to fight. carter added that even though iraqi soldiers vastly outnumber their opposition they withdrew without much resistance. the fall of ramadi came as a surprise. >> i don't believe anybody felt that ramadi would fall. and i think it's of great concern to everyone. >> the iraqis left behind large numbers of u.s. supplied vehicles including several tanks. now presumed to be in the islamic state's hands. >>> well tributes have been pouring in for famed mathematician john nash who died this weekend along with his wife in a taxi accident in new jersey. nash's battle with mental illness was depicted in the oscar winning film "a beautiful mind." russell crowe

business inbile japan hoping to offset losses of its american business. we have a new president being named here. tell less more. beating expectations of around $1.4 billion and this is largely due to the japan business. softbank was acquired in 2013. they're trying to make sprint and more profitable to help that. they have been cut in capital spending and other spending. in japan, softbank added 1.8 million scriber's in march although revenue per user did fall slightly. they reported sales jumping 32%. that is largely on the back of sales from acquisitions. make aid they will forecast for the year went becomes possible to make a rational projection. they say they were factors making it difficult to make a projection now. the new president of the company starts june 19. he is currently the vice chairman and will be leading the global expansion for the company especially in north america. google asmally at chief business officer. in anmpany has invested andan e-commerce operator they're expecting to continue these investments in the future. sayingnder of softbank he is

officials in japan's central government have welcomed the news of the deployment. but authorities from local municipalities say they're concerned. >> translator: as part of its asia-focused rebalanced policy and rapid response system i believe that the u.s. plan to deploy ospreys at an air base in tokyo will help boost deterrence of the japan/u.s. alliance and will contribute to the stability of the asia-pacific region. >> suga says the government will carefully try to gain the understanding of local residents. he says safety will be given top priority. officials from japan's foreign and defense ministries visited municipalities in western tokyo around the air base. he explained that the u.s. informed them of its decision to deploy the ospreys on monday. the mayor is critical of the decision. he says the government is trying to force the municipalities to comply with what's already been decided. >> translator: as the mayor, i cannot accept the government's decision unless they provide a more detailed explanation to ease the concerns of residents. >> he says such ac

news? yahoo japan was up over 10% in japan. on news that it is going to be doing something in terms of chinese e-commerce teaming with alibaba. soft bank owns a huge stake and owns a lot of japan. and big move for yahoo. over 10%. want to get to altria this morning since jim mentioned it. stock is up -- sorry. let me take a quick look. about 5%. a new york "post" story says they are getting closer to a deal with intel. i don't know. what i can tell you, they are talking. that is altria and intel continue to have conversations around a potential deal under which intel would buy the company. as i reported i think it was last week might have been the week prior, they continue the principle-to-principle discussions, not involving outside advisors a great deal. we'll see where they end up. of course we know 54 is that key price. it was the number previously rejected by altria. there were many people who believe maybe it will be 55 to get a deal done. the standstill does expire very soon. it's far from clear to me intel, in fact i dou

new numbers from japan show an economy stuck in neutral, raising concerns whether japan can meet its growth targets. benoit coeure prices in april rose 3/10 of a percent from a year earlier. better than forecast but excluding the last year's tax hike. now expect core inflation to decline this year. policymakers have raised their assessment of spending the latest data shows a surprising downturn. house uprising fell for 13 -- household pricing fell for 13 months. bang -- scarlet: it turns out an executive at goldman sachs was considered for the top ceo job at pimco. cohen wasolly -- gary on the short list. he is not commenting. the infamous former home of the late superstar michael jackson is up for sale and it could be yours $100 million. -- acre acre state estate is located north of los angeles. he turned it into a combination of use and park enzi. he stopped visiting after it was searched by police under allegations of child molestation. and spectacular new views from the tip of manhattan. the world deck -- the deck at world one trade center is open to the public. you can see 50 mi

news". >>> officialness japan are warning of landslides after a powerful earthquake, shook the country. the the quake struck near remote island last night. japan's meteorological agency measured a magnitude 8.5. there were no immediate reports of injuries or damage but storm was powerful enough to rattle most of the country and make buildings sway in tokyo. >>> thousands of schools across nepal has reopened today, weeks after two major earthquake devastated the country. it is estimate that had more than 90 percent of schools were destroyed in the worst hit area. the april 25th and may 12th quakes killed more than 8600 people, and injured thousands more. >>> so much more still to come on "action news" this sunday, are you over paying for your cell phone plan? we have got tips to help save you and your family, hundreds of dollars. >>> and the best part of waking up, may soon be this, it is an aroma alarm clock that wakes you up to your favorite scents. >>> sky 6hd over penns landing, meteorologist chris sowers will have the full accu weather forecast. we have severe weather coming tonight

. >> japan is developing a new initiative for promoting a quality infrastructure investment which will contribute to desirable growth in asia in the medium to long term. >> aso added japan will make use of its investment expertise and experience in carrying out the initiative. he praised the adb's decision to boost its lending capacity by 50%. he said that will meet the increasing need for infrastructure funding in asia. aso said is it the most innovative step in the history of the adb or of any financial development bank. the finance minister of china said the increase is not enough. he called for further expansion of the lending capacity. >> translator: i think it's too conservative. the adb should provide as much funding as possible in order to support economic growth in the region. >> he also said there's enormous need for infrastructure in the region, and china's upcoming asia infrastructure investment bank and existing international development banks should be complementary rather than competitive. >>> and before we go, britain's newborn princess has been named charlotte elizabet

. >> we believe that the relationship between malaysia and japan will grow steadily advance in many, many new areas, including defense, cooperation, maritime cooperation. >> the leaders also confirmed the importance of maritime disputes being settled in a peaceful way and based on international law. abe expressed his hopes that malaysia will adopt the shinkansen bullet train technology. >>> malaysian authorities say they have found more than 100 graves thought to contain the remains of migrants. they were discovered around camps run by human trafficking networks. the authorities are trying to determine whether the remains are those of minority rohingya muslims who fled persecution in myanmar. the discovery was made in northern malaysia close to the border with thailand. >> we have discovered 139 which we believe to be graves. we don't know what are underneath. the first team has gone in this morning the forensic and medical team to exhume whatever remains there. >> the border region is part of a major people smuggling route from thailand to malaysia. earlier this month the remains of 30 peopl

new zealand for an official visit. he's set to retire from the military in june. jool >>> a zoo in japan tried to honor the royal family but unleashed a torrid amount of publicity instead. hours after announcing that charlotte topped the entries to name a new monkey the zoo was inundated with angry calls and e-mails. critics said naming a monkey after a princess was disrespectful. >>> a woman being held hostage sent out a plea for help on a pizza order. why she wants everyone to hear her story. >>> and this dramatic new image shows us a never before seen view of the watergate collapse. >>> and another view of this backup on i-95. we're hearing a passenger bus caught fire near exit 143. >>> a d.c. police officer accused of killing his wife found not guilty. prosecutors say they're proud of their case. >>> she ordered a pizza and needed a side of help. we're hearing the 911 call from the brave woman who got out of a hostage situation. >>> a federal court says the nsa's phone data program is illegal. find out what's next. >>> new reaction to that not guilty verdict for a d.c. police officer

in asia, new numbers in japan show an economy stuck in neutral, raising concerns about whether the countryt its growth targets. the central bank also had to delay its target of 2%. rosere prices in april point 75% since april. better than forecast but excluding the effects of last year's tax hike, things remain flat. expectonomists surveyed core inflation to decline this year. policymakers raised their assessment of spending but the latest data shows a surprising downturn. household spending fell for the 13th month, declining 1.3%. industrial output gained 1% from the previous month, but fell in the red year on year. looking at the u.s. markets, julie hyman has some of the big stories of the day. let's start with the red we see in equities. it's been an unusual day, relatively volatile. stocks took a leg down around 10:30 a.m. take a look at the intraday of the s&p 500. clowning back from those levels but still down about half a percent. mostly negative economic data today from the contraction to first quarter gdp, chicago pmi estimates coming out weaker than expected. all of that providin

. >>> this news coming from japan where an earthquake hitting the island according to a geological survey. the headache was centered 125 kilometers. japan. we'll have more. >> what are their hopes for the cease-fire. we know there have been some reports. >> there was complete silence after the cease-fire started. and just everybody was on the wait and anticipated to know really if this is really happening. at the same time in taiz and there are still fighting. and there were heavy airstrikes by the saudi-led coalition. there still exists tension just hours before the cease-fire. >> this really puts everyone in a bad feeling--very bad and very skeptical about what is really going to happen. if leaders much both sides really just hold onto the cease-fire, the country needs it more than anything. the aid needs to be transported. people need to move to safer areas. people need help, and it cannot happen without a cease-fire. the cease-fire is where both sides can do it for the people. and. >> and do people have, say stores of water or are they living hand to mouth before this all started? >>

new york. we will head to japan where we have new evidence economy is stuck in neutral.hilcote from london with how the european market ended the week. can see, a sea of red. continued weakness in grace as well. we're pointing out. take a look at some of the corporate movers. interesting stuff particularly in the retail center. a britishthis is retailer that not only sells food but also clothes. the stock is up because the banks gave it a double upgrade. really good for ab foods. sky walked away from a deal with mediaset. we are taking the story back to greece. what we learned today, depositors continue to pull their money out of the banks in that country. 1/5 of all the money in the banks in greece has disappeared or been removed from the banks since the government that is in power right now took office. the britishat pound. the pound is down over 30 days. this right here is where we had an election. we had all this euphoria that we -- after the certainty of the election but it is gone now. just going to give you one ick update on the euro. the euro continued to show we

hour.n an we have got breaking news right now for you. japan'sing in at 8.2 trillion yen. that is about estimates surveyed by economists. trans march current account surplus at 2.795 yen. >> bill gross's note to prove he's still got it, that he still has the touch that made him one of the greatest investors of all time. the one-time bond king tells me how he defines success, how he invests his own money, and how he is giving away his multimillion dollar fortune. on this special edition of bloomberg's "encore." i thought somehow i might have lost my touch. what effect it could have. that's half $1 billion. >> welcome to encore.

earlier, we were at stanford university where prime minister abe made a quick speech on a new partnership between japan and silicon valley. but like at the fairmont a group of protestors was waiting. it was chinese and korean- americans upset over what they call japan's wartime crimes. >> we are angry. so we, um, demand and insist that japan government make a formally apology to legislator -- legislation just like germany did. >> reporter: prime minister abe did not address any of the protestors' concerns in his speech at stanford nor did it come up in the question-and- answer session with stanford's president john hennessey. this kind of protest that you're looking at now is far different from what the prime minister is used to back home. i can tell you that growing up in japan, most protests are far from confrontational. in fact, they're quite polite. but in this case that you're looking at live based off the signs you see here the prime minister is facing the pressure to deal with japan's past battleground state before forging its future. live in san francisco cate caugiran, kpix 5. >> as cate said

new york. softbank did better than expected because the mobile business at home in japan offset losses at sprint in the u.s.. there was the announcement of a new president. is softbank making any progress with sprint? >> it is not smooth but they are making steps to turn around the company because they have cut capital spending. they are looking to boost profit. from japanrevenue that help to offset the losses from sprint. the carrier added 170,000 new monthly subscribers which was reported a couple of weeks ago but that losses widened to $294 million from sprint. softbank, that income doubled on the year and operating profit up 21%. sales up 6% as well. full-year dividend at 40 and a share. -- yen a share. no forecast for the year due to a number of uncertain factors. they did talk about north america being the big challenge for softbank. if they are able to tackle valve in the company is looking good for the rest of the year. that thenl -- tackle the company is looking good for the rest of the year. they are talking about the global expansion. now asfocus will widen we aim to become a true glo

the report also refers to japan's efforts to enact new security legislation and strengthen its alliancewith the u.s. it says officials in tokyo are seeking to overturn the post-war security framework and adds other countries in the region are closely watching these developments. >>> u.s. congressman mike rodgers has expressed concern about the reclamation project in the south china sea. the senior member of the house armed services committee said china has been aggressive. he said the speed at which the country's advancing is a threat that cannot be ignored. and he emphasized the necessity for japan, the u.s. and neighboring countries to work together. >> if we continue to work collaboratively and are successful in our efforts to meet whatever effort they bring so that they know ultimately it's not going to be successful in achieving the ends that they desire. >> rogers also said there's a need for the u.s. to deploy military technology to japan and elsewhere in the asia-pacific to respond to possible threats from north korea. >>> u.s. officials say their surveillance missions over the

japan. this could also lead to the creation of new services and help reviewtalize the economy. >> people in japan have recently begun to recognize sexual diversity. >>> the brother of a japanese woman who was abducted to north korea has called for international support to resolve the abduction issue. he made the appeal at a symposium in new york. his sister was kidnapped by north korean agents in 1977 when she was 13 years old. >> translator: north korean authorities are a threat to the international community. my sister and others are suffering because of them. we shouldn't ignore the issue. >> japanese abduction minister said north korea set up a special committee to investigate the fate of missing japanese last july but has not yet provided any report. she urged pyongyang to sincerely address the issue. a u.n. official looking into the human rights situation in north korea says the abduction issue is no longer a matter for japan alone. >> this is clearly a source of deep concern within the japanese society, but also should be for the international community as a whole, which must tackle t

a japanese zoo apologizes for naming a baby monkey charlotte after the new royal baby. people in japanht that was offensive. mark, on a scale of 1-godzilla how do you feel about this? mark: as we say in japanese, no problem at all. they can do what they want. we want to thank the des moines register. we look forward to continuing our partnership. john: tomorrow, governor rick snyder. remember, we are great at 8:00 in addition to driving at 5:00. for now, cheerio. sayonara. ♪ emily: he got his start as an improv comedian. one common he could not pay the bills, he moved back to coding. he took a chance on a start up getting intention -- an unusual amount of attention. they start up invented the tweet --. it is now a $30 billion

a japanese do apologizes for naming a baby monkey charlotte, after the new royal baby. people in japan that was offensive. mark, on a scale of one-godzilla, how patch if you about this? mark: as we say in japanese, no problem at all. they can do what they want. we want to thank our frenchman the des moines register. we look forward to can to continuing our partnership. john: tomorrow, governor rick snyder. remember, we are great at 8:00 in addition to driving at 5:00. for now, cheerio. sayonara. ♪ pimm: i am pimm fox and this is what i am taking stock of today. exit polls in the u.k. show david cameron is short of holding a majority. according to polls, the prime minister's conservatives are forecasted to win three hedges 16 seats. with ed miliband's labour party trailing with 239 seats. the pound jumped on headlines. greece rescue talks will go down to the wire. those of the words of greek finance minister. he expects an agreement in the next few weeks, although one is

across the ocean japan's arrogance had reached new heights. se generals proclaimed that no one could launch an air attack against japan. tojo boasted in all its 2000 years of history japan had never lost the war. that spring, 80 americans embarked on a mission many thought impossible. the airmen knew the dangers. they knew many would not come home but the raiders showed america and the world that japan could be invaded. they showed the u.s. and allied forces could win the war. after the war, when he returned, when the airmen returned, they talked of their service. they went back to their daily lives in ohio and texas and kentucky, illinois and louisiana. they blended into american life of the 1940's. when asked about the raid by the new york times, lieutenant colonel saylor said it was just a mission we did in the war. we did what we had to do. like my dad, the doolittle raiders came from a generation that spoke proudly of service to our country but rarely drew attention to their own courage. they sought no recognition but how they earned it. t

breaking news out of japan. a strong earthquake just hit offshore. the 6.6 magnitude quake was centered near the northern part of the countriment the u.s. geological survey says there does not appear to be any chance of a tsunami. we will keep ania on this and get you more information as it comes in the newsroom. alison: meanwhile thousands of police officers are descending on the district this week. >> many stories among the thousands who came here today. i'm sam ford. we will tell you why a father and daughter bike down here to d.c. from new jersey next. >>> countdown to the cup brought to you by 84 lumber where your project is our okay, i need a better pizza. one made with only real cheese. a pizza my family will love. (announcer) freschetta naturally rising crust pizza. freschetta. made better to taste better. alison: a pack of bicyclists made their way to the district today. but this was not a pleasure ride. it's the police unity ride. leon: just one of the events planned during the annual police week celebration in d.c. the d.c. bureau chief sa

. >>> we are following developing news in japan where a quake was struck.ff shore quake struck about 8:30 last night. according to the usgf it was a 7.8 but officials say there is no danger of a tsunami because it struck so far beneath the surface of the earth. there are no reports of injuries or damage. the islands are just about 600 miles south of tokoyo. >>> california is in the dryest part of year which has cal fire on alert. with the lack of rainfall fire said the fire season is starting earlier and lasting longer partly because the drought. there are now limits on how much water can be used on lawns for new buildings in california. the state building standards commission approved a plan to reduce the amount of water for landscapes on new and renovated homes proposed after june. the new rules in response to the governor's order for a 25% cut back on water use. local governments are responsible for enforcing those rules. >> the president has signed a disaster declaration after severe weather causes devastating flooding. in the past few days dramatic air