they have just launched netflix here in new zealand.he catalog of content that you can download is roughly 10% of what they offer in the united states. that is completely unfair. and because people do not get that access, they are looking for the stuff elsewhere. so it is a problem created by the content creators. i am not responsible for that. if they would have an offering that had all content globally available for a fair price on any device, piracy would shrink into insignificance. but they are not doing it. emily: but if it is illegal and you are not trying hard enough to take it down or you do not take it down, doesn't that mean what you are doing is illegal too? kim: no. i have tried everything. we were just a small company based in hong kong. we did not catch up with the latest technologies. we were not even given an opportunity to do that. emily: do you think the artist who makes the song, tv show, movie, the videogame creator -- do those people deserve to be paid? kim: absolutely. yes. emily: so if those people deserve to be p

take it down to new zealand. we are joined by one of the organizers for this new league.his new idea. the idea is that take american style football to australia. >> yes. 2016 game in new zealand. focus was to bring it overseas and help guys get a chance to tryout in front of scouts and get the second chance that a lot of people don't get. >> reporter: and to that end we are starting to see some of them show up. we are talking about elite athletes. these aren't guys getting off the couch and coming and trying out. this is -- we are talk about real deal athletes. >> absolutely. we are looking for guy that can get on -- an nfl team for camp. guys on the edge of getting man may have been injured or anything in the past. >> reporter: and this is an open tryout. all positions >> absolutely. anyone that is out here willing to get afterit. >> reporter: and does that include kickers? >> it does. >> reporter: okay. i did the 40 before. which is pretty good. now i will try the kick. we have it set up. how far out am i? >> you are at the ten. probably about 27. >> reporter: 27 yards.

the new zealand dollar spot is at 66 usn. down to the opens in australia, japan, and korea. heading over to japan -- in a few moments, we will get trade balance, exports, imports, nikkei futures point to a higher open. this is after more than a 1% drop yesterday. the dollar yen weakening 1.24, but .02% is an interesting number. south korea also came out with naked at a. second quarter gdp -- has also come out with data today. second quarter gdp lower than expected. it looks like the mers outbreak had an effect on the economy. >> it certainly did. this is an economy already struggling without the outbreak. the figure you mentioned coming in lower than expected. there is a lot of challenges to the south korean economy. in fact, asia correspondent said -- and asia correspondent here said that this is basically an economy that needs product. it has an aging probably nation -- an aging prop elation and rigid labor markets. put that on top of the emerge, which really impacted tourism and weekend consumers building ed consumer spend

the new zealand dollar however rising on the news. possibly because it was so widely expected.as something they didn't say. it has taken out language referring to the new zealand dollar and replacing it with, appreciation is necessary and further cuts are likely down the track. rishaad: thank you very much, paul allen. checking some stories making headlines around the world now. live pictures of a soyuz capsule carrying astronauts has arrived at the international space station. the crew took off from kazakhstan earlier and will spend five months on the iss. the launch follows the failure of two private unmanned missions. in june, the spacex falcon blew up while last october, an orbital on terry's crashed after launch. hasese artist ai weiwei had his passport returned four years after it was consecrated. -- after it was confiscated. he was secretly detained for 81 days. the artist says he now wants to visit his son in germany and the royal academy hopes he will be in london for a major exhibition of his work. japan has released photos and a map showing what it says are chinese m

they are from the general area of new zealand. but so we would be in a bizarre situation if he won the suit that you would be able to say things in canada, the united kingdom my new zealand, australia about michael man science that you can't in the united states. and it was the intention of the framers of the first amendment that americans should have fewer free-speech rights that countries which remain within the british empire. it is an important free-speech case the most important for half a century. if he loses it will be a great victory for the first amendment. if amendment. if he wins, it will be an absolute catastrophe. his hockey his hockey stick will in effect have smashed the first amendment into pieces. >> stan goldenberg from the hurricane research institute of miami. i am sure other people are thinking the same thing. would you like to sing a few bars for us? [applauding] [laughter] >> no. i did that in front of the first judge. [laughter] they tell you comes green. she resigned from the case. she said to all take ano

they're from the general area of new zealand.ut so we would be in the bizarre situation if mann won this suit, that you would be able to say things in canada, the unitees kingdom, new zealand, australia about michael mann's science that you can't say in the united states. and i do not believe that it was the intention of the framers of the first amendment that americans should have fewer free speech rights than countries which remain within the british empire. so it is an important free speech case. the most important for half a century. and if he loses it will be -- if he loses it will be a great victory for the first amendment. if he wins, it will be an absolute catastrophe. his hockey stick will in effect have smashed the first amendment into pieces.

jordan and a girl jenna, lifelong canadians, packed up and moved to new zealand, sight unseen. they spent nights upon nights inside the waive. jordan writes on his blog that he spent 60 hours capturing these images. ten seconds of video could take them as long as three hours to capture because their exposures on the camera were so long sometimes 30-second exposures apiece. the little strands you see hanging down from each larvae is how they capture their food. that attracts other insects into it and they get captures in the hair like things hanging down. >> so cool. >> really pretty. i love this. >> the way the glow worms move it kind of makes me feel like i'm inside a brain and thoughts moving around. >> neurons, right. >> the whole story behind how they fell this is on their stoke for saturday website. this video just won in a series of new zealand based videos called living a kiwi life on youtube. >>> guess what everybody, we're giving away $100 of summer cash today. >> and you can win. all you got to do is play a little game we call video knockout another rightthisminute.co

now that greece has faded, the center of the world is wellington, new zealand. the new zealand is at its lowest level since 2009. here is a line going back to then. why is it collapsing? one word, milk, wild gold, it's been falling, there is lower demand, there is more supply, ireland is flooding the market. there are all kinds of things. the here is an economy in which one of the most economic indicators is the regular milk auction that they have. it's been very weak. you can see it in the kiwi plunking very dramatically to a six-year row. alex: i love that, talking about milk. joining is jonathan, chief u.s. market strategist, earning season really in full swing, what's your take on google, what's the significance of google for the s&p, for the nasdaq when we see this kind of revenue growth? jonathan: there are two stories, the first one is secular growth ideas. these are companies that can win, not because the economy is better, but because they're innovating and taking mine share. they have been the winners this year. you see those names in technology. you s

joining me on this special edition of "studio 1.0" from auckland, new zealand, megaupload founder anded ruler of the

new zealand dollar at 67 u.s. cents. it continues to weaken. we are counting down to the open in a, japan, and korea. huge losses yesterday. let's start with japan -- the nikkei to 25 lost 3% down across the region. we saw huge losses. and strengthening yen as it remains the safe haven, the rock midst global turmoil. well, it was a nervous morning for china's companies, and it continues to be nervous for investors and regulators as they brace for what could be another devastating day on the markets. beijing is rolling out more measures trying to stop the stock rout that has wiped away $3.5 trillion. the security regulators banning major shareholders from selling shares for six months. we have stephen engle and shanghai watching the developments. and how urgent is this becoming? steve: it is becoming extremely with theonestly, markets wiping away that level of market capitalization. and with all of these individual investors, 90 million plus 80% shanghai ist in retail driven by individuals. often time they are invested in smaller stocks that hav

the new zealand dollar has dropped.t dairy company, new zealand's -- is laying off staff. the governor looks certain to act with analysts expecting him to trim off the rate. adding to that expectation is weak inflation data. while cutting the cash rate might stimulate the economy, it is also likely to further already hotckland's property market. moving to india where they are calling it -- we are talking the low volatility of the rupee. it is raising concerns of complacency. more, head to mumbai. anchor: you can see the performance of the rupee. it has been resilient. mosts been the second resilient currency against the dollar. the prospect of a next it from unconventional monetary policy is giving it a bit of a lake of every of. the rupee is resuming its rally. swing, as the r.b.i. and its governor building a war chest of foreign exchange reserves. the dollar has rallied about 3% against the euro while the rupee has slipped about 0.5%. some of this can be treated to $32 billion in foreign portfolio flows. eat means the

new zealand gaining .25%. new zealand dollar also gaining in tandem with chinese equities, at $.67. counting down to openings in japan and korea. japan's our recovery, .6% higher. nikkei futures pointing to a higher open. here becauseness there is no longer a safety heaven play. the sentiment of concern is waning. 121.75. greece has our attention. reform proposal in a lastgasp effort tuesday in the union. it's a minute plans to brussels. eu leaders give a verdict on sunday. shery ahn has been looking at what they are offering. shery: the greek government is edging closer to creditor demands in exchange for $67 billion in bailout. reforms which they have been against since the beginning of negotiation, including debt restructuring and 1% of gdp for this year, which is something they had been resisting. so they have moved closer. 1% of gdp, a key sticking point in the negotiations going on for five months. they are now agreeing to this and agreeing to increasing the sales tax as of july in order to unify rates at 23%. the corporate tax will be raised to 28% from 26%. we see them movin

the new zealand dollar spot strengthening. also counting down openings in australia and japan. helpful spending coming out at the bottom of this hour. this is what it looks like. down, buttures were we are expecting a slight higher open today. yet has been weakening. n has been weakening. it's a national holiday in sri lanka, so no trading bear. let's look at some breaking news. we have net income for the second quarter coming in at one billion singapore dollars. -- 1.05 singapore dollars. expecting 969 million. let's go to wall street now. we had a mixed day. growth cap speculators betting on a september rate hike. let's go straight to sue in new york. we did have stocks reversed earlier. we also have a lot of earnings coming in that affected the mix. that also facebook. it some disappointing earnings that we will get to later. the dollar rose to a four-month high. on the economic front, this is the focus. the latest data we are getting is that the gdp number rose. that was suggested by the market. that was significant. they are not expecting a big show for gdp for the year as

new zealand seeing fractional games. the news is very new for investors waking up in the region.he acceptanceed of the bill. new zealand at $.65. counting down to the open in japan and korea. nikkei closed three days up. futures pointing to a higher open. a closed market is indonesia. no trading there today. a lot of earnings news to tell you about. profitsamerica estimates, shares gaining 3%. earning doubled from $.45 a share, $.35 better than expected. their mortgage business rebounded. netflix surging in extended training -- trading after it's subscriber base top 65 millions. shows like daredevil help them attract users internationally. but it is not all good news. it saw second-quarter revenue draw -- draw 30% from the pre-been years. a rising demand for service-based could offset falling demand for computer chips. let's get details in new york. pc unit have been disappointing, but the company has been trying to make up for it. guest: you have the data center business which is doing well and of the pc business, which is weaker than a quarter ago. in the data center business,

new zealand right now slightly gaining. new zealand wavering a little bit, at $.66 u.s. right now.head of the policy decisions tomorrow. there is speculation they will have to cut from 3.25% down to 3%. in japan, this was the view yesterday. very optimistic, a weaker yen. nikkei climbing .9% higher. check out the earnings weighing wall street and headwinds for asian markets this morning according to futures in chicago. pointing to a lower open for the nikkei. dollar yen slightly strengthening. nokiaoft's acquisition of is weighing on the company. shares are tumbling after its largest ever quarterly loss. we have marked tracking the story from san francisco. deal has lost all its value. it is just a little bit more here. that is a big ouch. >> not good. it is truly a flop. really an awful investment for microsoft, which thought it could crawl back into the smartphone business after an early lead eight or 10 years ago. the nokia deal is not panning out. it is not microsoft's all-time worst deal. they did some investments in the dotcom bubble that they wrote down for $9 billion many y

the shock for new zealand have been even more recent.hina has had a bit more easing than the other two economies. i don't think there are many parallels there. the strong folding commodities last year were certainly due to physical development but also due to a rising u.s. dollar or and yen, it has been very stable. you are also taking that dollar story out of the equation when you are thinking about commodities. at least price declines should be more modest than we saw last year. angie: but we are still expected to see strength in the u.s. dollar, especially as the u.s. continues to recover. how is that going to play out for asian currencies? richard: i think agent -- asian currencies are still quite vulnerable within the currency complex. if you were to pick one area where you wanted to benefit position for a stronger dollar, i think asia is the place. not only is the fed tightening up setting the liquidity dynamic in the region, but you also have this uncomfortable situation where global trade is not recovering so that export dynamic

let's check in on markets right now in asia and to new zealand.t is .3% up, but the new zealand dollar is still under pressure, down for a third day. we are also counting down to the opens in australia, japan, and korea. let's get over to japan. the nikkei last closed in the green. check that out -- above the 20,000 mark. that very critical, psychologically-important 20,000 mark. futures in chicago are pointing to a higher open. we also have a weaker yen that is supporting the equity rise that we saw yesterday on japan equities. right now, we have the greek ,rime minister back in athens facing the task of selling the deal he struck to save the economy. months of negotiations and bitter personal squabbles ended with an abrupt u-turn by alexis tsipras. some of his own party say he abandoned his principles and caved in to german pressure. zeb eckert is following the latest developments for us. a very interesting headlines. zeb: absolutely. alexis tsipras flying into a city of upheaval, athens. his own party adamantly opposed many of these proposals.

a new zealander is creating big ripples worldwide and why it matters.oe: plus, we hear from a top china watcher as the markets continue to fall. alix: first, when we continue with the stock markets, we are closing at a record here with the nasdaq, and the s&p is a stones throw away with that record high, with virtually no take catalyst today with stocks -- no big catalyst today with stocks. stillheless, we are looking at the weakest quarter for earnings since the financial crisis. we are looking at revenue down about 4.5 percent. the last time we saw that kind of decline was a while back. joe: did we talk about this a while back? alix: yes, analysts don't always get it right. 47 of the s&p 500 companies have reported earnings and there is a revenue,% earnings meaning that yes, the estimates are not correct. joe: so with the little sample that we have already gotten, it means that this quarter will not be as bad as people were thinking? alix: definitely, we were seen revisions up, and it will outpace that versus revenue, so we will see. joe: that is the

but it's not just new zealand that is attending the talks. it's all the countries involved in the negotiations. so why then, are they prepared to talk about it? >> that is the concern. this has been billed as a free trade agreement. the changes through this agreement go far beyond standard trade agreements. it goes beyond and it's likely to limit nation's capacities to put in to place health yes policies to protect citizens, to protect the environment it will give unprecedented limits to industry and these are not generally the areas dealt with in in the trade agreements. thewhy so much secrecy? and it is because corporation who is are advocating for their own rights have access to the documents, that is something that is not acceptable. >> it's great to get your views. thank you for your time. thank you. >>> now the saudi coalition saudi-led coalition has continued in airstrikes. those loyal to former president ali abdullah saleh continue approaching. >>> the convoy was on route west of haditha under isil control. seven others were injured i

the new zealand dollars but is actually gaining.e are counting down to the opens in australia, japan and korea. we are expecting retail sales from japan coming out later this hour. bk 225 closing down 1/10 of a percent. futures pointing to a higher open. the dollar/yen is weakening. it is almost as if three weeks of intervention in the markets did not happen -- we are talking about china. the losses were not as severe as the day before but stocks went down nearly 12% since thursday. juliette is watching the markets for us. juliette: security regulators say they will investigate what happened on monday when we saw the 8.5% plunge. yesterday selloff was not quite as severe. you can say we did have the 5% plunge in open, but it is up by 1% at one point before selling up again. it looks a little stable at 7.5%. we did see some consumer stocks but it has not been an official word on whether the chinese of 30's -- authorities will step in. it is a bit more of a stable economy. this is the world swinging on the shanghai composite compared

checking in on some markets this morning let's see how new zealand is going.e are seeing some of those gains increase here up about 0.1% in the new zealand dollar spot weakening. we saw japanese index futures rise as the dollar held get tell gains against the yen and we are anticipating a lot of the u.s. jobs coming in, possibly sing some momentum in the u.s. labor market. korea, a, japan and half an hour away with the nikkei futures pointing to a higher open today with trading up about .5% yesterday and dollar yen sing some weakness right now. casino revenue has fallen to its lowest level in four years amid the chinese crackdown. it slumped more than 36% in june. he is here. we have seen a little bit of stabilization since february when we saw that record drop. are we seeing that now? >> there are still clearly some minuses. billion in monthly revenue which is what the number was for june. it is the worst we have seen this cycle by far. the 13th straight drop, the number down 36%. if you look at the second derivative of growth, this is the smallest decline th

. >> hrt foundation in new zealand put this video together. people are acting out their heart attack screaming, shaking. >> what about the dude in the bench? >> did you choose the men on the bench? >> very good eyeball. >> have another look. >> that's what a real heart attack looks like says the heart foundation in new zealand. many people would assume they think it looks very dramatic like this. out of a movie, out of a soap opera. in reality, it looks more like the guy that is sitting in the background. they wanted to put this together because they say heart attacks are the single biggest killer of men and women in the country. they want to make sure people know what it looks like. >> a heart attack is not always as dramatic as you think. >>> big old mob scene at a mall in malaysia. you might think that a pop star was making an appearance here. but no. this is a bit of mob justice coming down. police say that this group gathered because of a clear-cut case of theft. earlier in the day, they say that a 22-year-old man stole a phone from a kio

the overall sentiment in new zealand and australia are quite weak.he domestic dynamics are quite low. spending on the consumer side is way down. we aren't seeing exports from a regional standpoint. it is a crisis in the whole region. most importantly, the commodity story is not developing the way australia and new zealand would like. well the rbnz was slightly less hawkish we should see some basis points. anna: there is a chance that the kiwi dollar -- any banks we are seeing in the kiwi today are around expectations. peter: very much so. they were expecting significantly more dovish are rbnz. the overall sentiment is quite bullish on the domestic economy and there is a specific effort to push it lower. any upside is going to be talked down by central bankers in order to get the kiwi weaker. anna: they have their own things, don't they? can you put them together and talk about them as a whole? peter: i think so. i think commodity currencies and commodities have become extremely correlated. each commodity has its own story. oil may have the iran story

new zealand is down close to a fifth of 1%.land dollar under pressure as well as the aussie dollar. we are counting down to the opens in australia, japan, and korea. .ast week, it ended up let's take a look at the nikkei nikkei 225. we had recovery in china and hong kong. here in asia, pointing to a higher open. -- dollar-yen is strengthening. well returning -- returning to our top story, this is what is driving things. the countdown is on. hours awayust 72 from having to accept calls from austerity. ryan, how will people react to these latest demands? -- ryan: i think many people here in greece think the demands have been unfair and of thenable, and i think most recent demands are likely to harden their resolve. there is another reality euro the ground that people are also reacting to, and that is just the day-to-day existence. we are in week three of capital controls. greeks are facing their third week now with the bank shot. you effectively have people foraging for cash at bank machines. toust went to one of them get a sense

new zealand and australia are sticking together. they will not go unless canada opens markets on dairy. canada has supply management, external tariffs and quotas. united states will not get in unless canada opens up its markets. key whichs and aussies under wto, they opened up dairy markets. there is no dial. we're not in unless canada opens its market. so there are things very important, obviously to that part of the world, dairy is critically important to north american partners as well. liz: chinese are buying a lot of dairy from new zealand. that is an interesting aspect. what the investment play here, andy? which part of the investment pie becomes more attractive if the trade deal goes through? >> you have to look back at chinese equities you have to wait until all the manipulation goes by the board. liz: the government trying to put pillows under the market. >> we've seen in to their defense, ecb doing it, japanese, central banks are all very much involved but i think china could actually be a very interesting investment play

seeing in new zealand, down one third of a percent. new zealand dollar pretty much flat at $.65.counting down to the open in japan and korea. japan, ending things in the red on friday. continuing to point to a lower open in tokyo. nikkei closing down less than a percent on friday with the dollar-yen he much flat. goldman sachs is saying the commodities rout could worsen in the face of china's slowdown. copper levels have fallen to levels not seen since two 2009 wow gold remains a five-year lows. at this point, no light at the end of the tunnel. >> a lot of factors weighing on commodities. -- thethem actually manufacturing gauge in friday at a 15 year low. the likelihood of a rate rise in the u.s. all of these are playing a massive part in commodities. we have seen oil enter the bear market and are looking specifically at copper and gold. prices have been falling significantly. the copper futures project falling down to six-year lows. routan sachs said that could worsen, but copper prices are getting a bullish outlook from citigroup. if you look at gold, holdings have declined for

that sentiment is flowing through into new zealand. markets in general looking pretty good. rishaad: you know what happens with that. well, smartes as sales leading to another profit miss. shery has been looking to the numbers. a couple of things one-run % this time around. the latter is more worrying % the first. enough foro produce the popular edge model while the traditional model struggled to challenge apple's bigger iphone. at the same time, samsung has to struggle with slowing demand in china. symptoms market share is falling to 8.6% in china. net income coming in at $4.9 billion in the three months ending in june. falling below analysts estimates. 2.obile unit slumping 37% to 4 billion dollars. mobileght spot was the profit business. expect to have orders for the main processors in the next iphone. a key challenge remains for samsung, that being the strengthen the korean won -- now we're seeing sam son stock taking a hit down 2.7% after those results. will have a more detailed look at that story later in the program. over to davidget inglis because he is having a look

rishaad: greg, you mentioned commodities currencies, new zealand, the kiwi has really taken a hit.ix-year lows. do they wanted to stop? greg: they don't want it to stop. they wanted to keep going the falls we are seeing in the havey in recent months only matched the things we've seen in new zealand commodity with not a big fault in the milk auction process. they're hitting their lowest levels and his many years as the currency is hitting its lowest level. the two are going in a lockstep. you had low inflation recently. it is become much more focused on getting inflation moving up. as a result, almost certainly there will be cuts next week. at least one of the cuts for the rest of the year. and that will give the currency heading well. it should be close to the 60 against the u.s. dollar. rishaad: what about the yen? the yen, or the canada? go on.: yen is aaying the passenger. you see these rapid moves suddenly. do you see another down leg? know, i thinku overall the yen will weaken against a stronger u.s. dollar. the japanese economy is kind of doing enough to keep that on the side

new zealand is cutting next week probably.onathan: where do i go right now in the context of the fed? or, do i just ignore the testimony today and get on with business? yogesh: i don't think you can ignore janet yellen. you cannot go in to the bond market with the possibility of rate hikes looming. when it comes to global equities that is the alternative to cash. that is what is bringing the markets high. we have a weaker euro and lower oil prices. during a minor headwind, it is slow going. this is a good place to be right now. jonathan: as a look at euro sterling dropping is that a better trade for me? if i want to trade sterling strength? chris: i think so, yes. it is probably the fed, but you mentioned lincoln later today. i think we think it will be uk data that drives the strength. so, i'm sure they are not welcoming sterling strength. everyone wants a weak currency to sell goods into the euro zone. if so, i think the u.k. economy is about 20% larger than it was in 2008. the bank of england's at the top of the pack. they

. >>> a pleasant boat trip turns terrifying for a new zealand couple and their dog. >> turned very ugly. >> january 1997. experienced seaman paul dickinson and his girlfriend, tina keegan, are cruising their new boat off new zealand's north island with their bull terrier, priscilla. >> it was the end of the holiday, it was a sunday. we were probably half an hour into our trip. >> miles from land, a powerful rogue wave shatters one of the vessel's big windows. >> at that stage, the wave came over and actually hit the front of the boat which, in turn, caused the window to break and the water is coming in. priscilla was sitting there looking at me. and i'm looking at the waves and it was just like, hmm, this is quite scary. >> the couple sends an urgent call for help. it's picked up by the rescue team in new zealand. >> the hotline rang. so, i thought here we go. what we got now? we were told it was a boat in distress and if we could go out and try to find it. >> the mayday calls gives only a vague position. the pilot knows finding the boat will be tough. >> the rescue helicopter actually

new zealand dollar weakening to $.66 u.s..g down to the opens in japan, australia, and korea. japan expecting to see a rise of .3%. we will see how that goes. nikkei closing out .1% down yesterday. futures up slightly, pointing to a higher open. dollar-the yen weakening. let's go to korea. the credit worthiness of companies is taking a hit as the export economy falters. korea ratings have slashed credit scores of thousands of borrowers. let's bring in shery ahn. how bad is the situation in korea? shery: the economy is facing a triple whammy. a slowing china is weakening demand for exports. a weakening yen making korean products less competitive against japanese rivals. and at the recent outbreak of mers has dampened consumer demands. firms have been deadly hit. thea ratings just cut credit scores of 40 borrowers and raised the rating of five firms, the worst ratio since 1999. korea ratings expects to see the drama word trend -- downward trend continue. outlookse is the credit for firms, in the negative for 24 firms, positive f

probably a lot of other newspapers around the world all the way to hawkes bay today in new zealand.one hear from hawkes bay? take

great and small, contribute financial support and manpower, including combat troops from australia new zealand, and korea. our combat forces were deployed to areas known to be the strongholds -- known to be viet cong strongholds. once again, the helicopter becomes indispensable in the struggle against the communist terrorists who, like quicksilver, break up and spread to inaccessible areas when they are attacked. but very little, if anything, is inaccessible to our troops in helicopters. but helicopters and modern equipment cannot be the full answer. or here in vietnam, it is up to the individual fighting man to go by foot, to seek out, find and destroy the enemy. tactical airstrikes support the infantry's efforts, helping eliminate the hard-core viet cong. the navy provides fighters support for ground operations. finally, prisoners of war. all of this massive american effort, because the people, and the government, of the united states, have a commitment to the south vietnamese people, and to freedom. for us, our commitment is a matter of national honor. we intend to keep it. our objective in

and only new zealand has the right to farm them. >> right. >> try it. f chinese restaurant in new york. >> i grew up in the '50s and the '60s. and even then, chinese restaurant, chinese food, was really an essential part of being a new yorker. i mean, if you didn't know how to use chopsticks as a new yorker, you were a terrible new yorker. >> do you know how to speak like a brooklyn person? >> it's a tough accent. queens is easier, you know, it's more of a -- i can't -- i mean, i lived right next to it my whole life. >> can you say -- >> the accent? >> we don't want to hear -- >> a brooklyn expression? >> i just want to hear -- >> not for nothin'. not for nothin'. >> that's brooklyn? >> not for nothin'. >> not for nothin'. >> not for nothin', but i could really use a little more wine. not for nothin'. no, no, no. >> nothing nothing. >> not for nothin'. >> not for -- all right. >> shanghai chef jackie shu prepares a meal of a style that will become more and more in demand among those who can afford it. and more and more people every day can afford it. >>

new zealand has lower interest rates for the second time in six weeks. the country's central bank -- a move that was widely predicted by governor graham wheeler. further easing may be needed to boost inflation for the 2% target. daimler's second-quarter operating profits up 54%. in china, a new more exclusive build. earnings before interest, rose to -- up from 2.4 6 billion from a year earlier. if you have a few coins or dollars in your pocket would you be up for mercedes? which one would you buy? we are #the pulse. i have a very old version. join us on twitter. ♪ manus: welcome back to the pulse. we're streaming on bloomberg.com. let's get more on the news now of prime minister alexis tsipras has faced down another revolt. opening the way for a third bailout. were joined now by cuyler man u way. this is the second technical process. it passed, and yet sippers had to depend upon more opposition. is he really strong a politician ? >> i think the number of -- the rebels are losing some of their mettle. there's a consensus in greece to get the bank open you

do not ignore the new zealand dollar. for a record 11 consecutive weeks against the u.s. currency. it is at its lowest level since june 2010. i've looked at its performance against every major currency in the world this week. it has fallen against every one of them. that is 31 of them. falling milk prices are amplifying speculation the nation's central bank will cut interest rates. we got u.s. farmers tending some of their milk, because they can't find buyers with global output climbing to unprecedented highs. keep an eye on that currency. get back in here. i want to show you the chinese stock market since the record high on june 12. i've looked at all the global stock markets. since then, look at the bottom one. the shanghai composite down by 29%, falling for three consecutive weeks. the worst three-weekly fall since 1992. the second worst performer, h-shares listed in hong kong. it has been a horrible fall. tick tock, tick tock, tick tock. jonathan: mark barton watching the clock countdown. thank you very much for joini

new zealand faced south africa in johannesburg. the springboks made a strong site. it gave them an early lead. they upped the pressure. captain richie mccall set to retire sealed the wind. final score 27-20. >> australia easy winners against argentina. they picked up a bonus point win. they next meet in sydney. we know which team will play which as they qualify. the asian qualifying process has begun. they have competed for 13 spots. the oldest rivalry in the world as england were grouped with scotland. spain and italy found themselves in the same group. russia qualifies as hosts and will be joined as 13 other countries. africa's confederation has five spots. asia has four places the same as south america, north and central america's c.o.n.c.a.c.a.f. there's three qualifiers, the remaining two places decided by play-off. they face the fifth team in south america, the fourth team plays the fifth team in asia. the process includes 851 matches over the six confederations. 206 taking part in the qualifiers 141 countries involved in saturday's draw. >> translation: it's

the boys now are a little bit like new zealand lose to go new zealand in that one day in the world cup gave us a bit of a kick up the backside. this gives us a bit of a kick. we look forward to the second test match. >> they are way short of the victory required there. india leads 1-0. >> speith has shot the best round of his golfing career continuing his preparations for the open championship. here he is shooting at 10 under par round of 61 at the john deere classic. the open championships start on thursday with scotland at word number two. aljazeera.com/sport, all the news. djokovic has taken the first set against fodderer, just getting underway in set two. plenty more. that's going to be huge. >> andy, thank you so much. much more to come on al jazeera. another full bulletin of news is straight head. thank you for your time and do keep it here. >> i'm here already for a compromise. >> a bailout deal with european creditors is possible, if all parties wants it. >> cautious optimism, the u.s. secretary of state john kerry says he's hopeful iran and world powers could strike a nuclear

angie: thank you. ,hecking on markets in asia friday morning to new zealand. a quarter percent up. bouncing back from its six-year low. they may have to cut rates. that is the speculation next week. let's head to japan. this was the view from japan, gains. pointing to a higher open. 1:24.llar yen is at markets are closed. we have singapore and the philippines marking aid. german lawmakers get their say on the g bailout. it follows the decision to provide more emergency funds to the greek banking system. let's start with mario draghi. guest: super mario. angie: known for saying whatever it takes. now it is making that same inference on greece. guest: he is obviously trying to draw a line. it suggests we are moving towards the best possible outcome given the extraordinary position. they will be raising by 900 million euros which will get the ball rolling on normalizing the operations in the banking system. relief andbout debt debt forgiveness, and how the country's own debt to them, whether he thinks that will get repaid. >> it is not controversial that debt relief is necessary. nobo

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the boys now are a little bit like new zealand, losing to new zealand in that one day in the world cup gave us a bit of a kick up the backside. we look forward to the second test match. >> speith has shot the best round of his golfing career continuing his preparations for the open championship. here he is shooting at 10 under par round of 61 at the john deere classic. he leads by two strokes for now. the open championships start on thursday at scotland at world number two. >> djokovic has won the third set against roger federer. he is two sets to one up and they're just getting underway in set four. let's hope the rain stays away. >> absolutely, let's hope that. much more to come on al jazeera. another full bulletin of news is straight ahead. thank you for your time. keep it here. we're going to hand it over to london now. >> eurozone leaders meet as greece's rescue deal hangs in the balance. ♪ >>> hello there. i am felicity barr. this is al jazeera live from london. also coming up: cautious optimism in vienna has all sides playing a nuclear agreement with iran is within reach. jail b

we talked about the euro and dollar last year, even the new zealand dollar.ere is a chart of the euro against the british pound. the euro is falling sharply. they had a really strong wage growth number. that's the kind of number that will get a central bank nervous. wage growth is the kind of thing that causes a central bank to think about hiking. bank of england, mark carney, hinted that maybe the first rate hike will come sooner than the market expects. that is rocket fuel for currency. in 2014, he also talked about that and gave us a warning, and then that fizzled out. yes, some bullish factors for the pound, but we have been down this road before. people expecting a rate hike. we will see what happens. alix: everyone is always talking about the dollar and janet yellen. the bank of england has half a percent as their target. joe: there is a perception of an asset bubble for london real estate prices. if you think central bankers here are worried about deflating bubbles, there's even more anxiety in london. alix: good stuff. coming up, guess who added $4 bi

the new zealand dollar spot strengthening right now. openscounting down to the in australia, japan, korea. china thiscting morning and australia retail sales. chicago futures pointing to a slight higher open this morning from tokyo. atsing yesterday just merely 1% up. the dollar yen unchanged right now. mixed u.s. job set up for traders today in a shortened trading week. let's look at their action with oliver. good to see you this morning. how did markets behave ahead of this july 4 weekend? oliver: quietly. not a lot going on in the markets. we ended on the smp basically unchanged. a little further down in the dow. quiet day. a pretty a big jump in bali last weekend jump last week. will be going on a little longer than i think the market expected. a lot of people have been watching what is happening in greece. given this has been going on for a long time and it is not the first time around, to some stocks it might have -- moved down quite a bit since then. i think people just kind of moved to the sidelines. they had no idea which way i

new zealand currently unchanged after the central bank cut interest rates for the second time in sixeeks. we also have trade data showing the trade balance fell in the red. at $.66.ealand dollar we are counting down to the opens in australia, japan, and south korea. we saw japan futures pointing to a lower open. at ag the day yesterday gain of half a percent. at 123.91.trading in the u.s., amazon shares trading after a surprise profit. spencer has been tracking this from san francisco. what helped it post such a profit? is amazon's thing cloud computing division, web services. revenue grew 80%. they're operating income was up fourfold. it is also becoming more profitable. the company was able to keep spending in control. particularly the marketing and fulfillment expenses. they were able to curb spending while growing revenue. that is what made them profitable. shery: we are seeing amazon surpassing walmart when it comes to market value. what does this tell you about the future of shopping? >> walmart has far bigger revenues than amazon. it is the biggest retailer by revenue. but it