that is the petro china share up .7%.ooking at the emerging market stocks, richard is with me now, where did all begin? yesterday's move was quite staggering. because of the amount of intervention the government has taken whether it is selling -- banning selling by major shareholders, etc.. what was interesting yesterday is no one was really sure how wide that plunge occurred. what it has done is raced even more questions what the government's ability, with all of the foreign power, to support this market. rishaad: they said they would support the real economy without saying they would support the stock market further. what do you make of this? >> everyone is looking for signs of support from the government. the securities regulator, a very late last night did come out and say, there is no truth to the rumor. there was speculation that the government is starting to withdraw these support measures. no truth to the rumor they were doing that and they will continue their so-called stabilization programs to keep stocks going.

petro china, agricultural bank of china. all gaining around 10%.he recovery is probably accounted for most of the move on the shanghai composite. what is happening now is again, this reputational risk is emerging. what will and what's can the government due to stem we are seeing? jonathan: richard, as i go to the bloomberg.com story the 1929 playbook and the chart of the shanghai composite versus the dax we know what happened when they put together funds to buy stocks. it carried on plunging moving south. what else can the government do? the question we explored last week is if they lost control. does it look like they are losing or lost control? richard: well -- how in control were they in the first place. the big issue of why the measures are not working is the fast amount of margin debt in this market. weeks and months, people have been telling us when people stop , it will be ugly. it has played out as people have predicted. half of this margin debt, people are talking about 2 trillion yuan is unregulated. the regulator does not have control. a

they are accused of dousing him with petro and starting him on fire. >>> we are looking at a popular weed killer. it's sold under the name round up. but it's been linked to cancer. in the third part of our series, we report for a farming town in central argentina where the cancer rate is three times the national average. >> reporter: more than half a million liters of chemicals are sprayed on the farm land. some contain the chemical which the world health organization says probably causes cancer. >> translator: you think about the risks but you are not scared. i was young. i touched chemicals without gloves. you take the gloves off. >> reporter: for nine years he sprayed crops for a living. now he has liver cancer. and five different chem calgarys have been found in his blood. this land is fume fume gated. it's a few feet away from houses where people daily will be touching eating and breathing toxic chemicals. the work was founded in 2005 when a doctor highlighted unusually high cancer levels. this map showing the spread of the disease. >> translator: here, a nine-year-old girl died

. >> reporter: are petro was born in the united states but raised in greece. he came back at the start of the crisis reluctantly. >> the plan is to make enough money and go back home. i consider greece home. >> leaving home and family and friends is hard. >> better economy i go tomorrow. >> but no one has plans to move back any time soon. >>> south african president is in hospital. he was admitted for a scheduled procedure to have gall stones removed. he's expected to be discharged on sunday. >>> saturday would have been the 97th birthday of late south african leader nelson mandela. thousands of people have been honoring his legacy around the world. his former wife paid tribute by donating blankets and food to the elderly. mandela died in 2013. >>> still to come, how iran's new nuclear agreement could bring it out of isolation and into big business. and small businesses in venezuela blame the government for tough times. best interview you've done... >> every tuesday night. >> i lived that character. >> go one on one with america's movers and shakers. >> we wil

petro poroshenko reacted sharply to the plan. the leader of the pro-russian separatists in donetsk made the announcement. he criticized the ukrainian government for refusing dialogue with them. he said this has prevented the cease-fire from taking effect. he said they will hold a local election on october 18th based on the truce agreement. the fellow separatists in plan to hold an election the same day. president poroshenko called the move destructive to the process of easing tension. under the truce deal local elections are to be held in areas controlled by pro russian separatist business year end. but poroshenko says while russian troops remain in the region holding a fair election is impossible. the two sides have engage in sporadic fighting even after the cease-fire was agreed to in february. the united nations says since the fighting began in april last year, more than 6,500 people have been killed. >>> debate is heating up in greece over whether the country should accept fiscal austerity measures. the european union is prop

power plants in the south and midwest use more gas for electric power generation and as petro chemical facilities along the gulf coast look for more as well. among company building out, new companies with existing ones. analysts stay ever growing need for infrastructure is also sparking a wave of activity. in july alone, marathon petroleum subsidiary announced the nearly $15.5 billion acquisition of marshall west energy partners. as the deal focused on nat gas transportation logistics in the northeast and williams companies said it received a takeover bid. it owns 70,000 miles of pipeline itself. energy transfer has said it will pursue that deal whether williams koomts or not. for "nightly business report," i'm morgan brennan. >> i don't know about you. i'm feeling disor yenltd.ienteddisoriented. we haven't talked about greece in three days. >> i know. but we'll be back. >> thank you for watching. thanks for me as well. have a great evening and we'll see you back here tomorrow night. may be we'll even talk about greece. >> we probably will. >>> tonight on "quest" -- just how many fish

raided the homes of politicians suspected of being involved in corruption at the state run oil fund petrohey seized sports cars from the former president. the operation was ordered by the supreme court to prevent the destruction or removal of evidence. lawmakers are accused of fixing contracts in return for bricks. scandal has seen the president's approval ratings collapse. >>> now demonstrations against the building of a fence along the hungary serbia border have been taking place in the sent center of butte pest on budapest on tuesday. hungary says the fence is intended to keep are keep out the wave of migrants entering the country. construction of the four-meter hyphens began on monday think so far this year hungary has registered 70,000 migrants mainly from the middle east and africa. >>> the united nations says nearly 1.4 million people have been displaced in ukraine since the conflict began last year. the ceasefire agreement signed five months ago between ukrainian government and pro-russia separatists seems longer for gotten. charles stratford reports from donetsk where some people

petro china down by 9%. if we go back to the asian picture, as we can expect these equities have played out across the region. down 3% on the close. the nikkei down 3%. the topic index in japan was down 3.3%. it's just drop in 17 months. -- its biggest drop in 17 months. we are matching off. in china on the shanghai comp is it -- on the shanghai composite. -- that is going to be a significant drop for hong kong. jonathan: thank you very much. some fascinating news. to $.6 trillion worth of stock wrapped up -- 2.6 $2.6 trillion worth of stock wrapped up. -- the bank needs a change of leadership. john mcfarlane will take over as executive chairman while barclays finds a permanent replacement. mark barton has the early headlines on this story. mark: mr. jenkins will be leaving barclays. this is the price and barclays shares. 2.7% already. that is the biggest move since may 2015. investors reacting to the announcement. just a few months after john mcfarlane took over as executive chairman. fascinating to see wha

petro poroshenko blamed vladimir putin. russia denies involvement.l 298 included 198 dutch citizens and 38 australians. the family that controls samsung is the winner over a u.s. hedge fund. shareholders narrowly approved any billion-dollar merger of two affiliates. that gives more power to the lee family. the fund, led by activist investor paul singer defaults the plant. it could soon be challenged in court. alexis suv, -- the lexus suv was outfitted with cameras. three employees had whiplash. tom: an outlier call -- not the yellen, that yellen will wait until 2016 crew. they get the headlines. while the federal reserve chair gave their cause more weight while speaking to the senate banking -- the senate finance committee yesterday. ms. yellen: there are many reasons why we would like to be able to do that. i agree that there are certainly risks to the recovery and to the labor market of tightening too soon, but there are risks on the other side as well. tom: perfect example of the vacillation of the back and forth, the uncertainty that we live now.

if you look at april, if you bought and sold petro china every day, you would have made about 43% asto just 1% if you bought and held. there is a catch. china's markets, you can't buy and sell in the same day. what you can buy is futures contracts. better than ifch you did it and just held. rishaad: some analysts predicting that equities, the h shares, they are going to rise in the next 12 months. is that credible? they have been wrong so many times. what turned out when we looked into it is that analysts have remained very bullish on the a share markets. we've actually had the h share index as the world's biggest decline or in the past 12 months. that has widened this gap. among global markets, the average is around 11%. whether this is credible, we know that the market is very cheap, but the big concern is that government intervention is going to prevent these reforms to overhaul the economy, so that is something that is going to hold back. rishaad: thank you very much indeed, richard frost. going to just check in with some of the other stories we are following. casino operators pl

she decides to permanently loan the countess to a 20-year-old virtuoso named stefan petro. >> i've knownnard greenhouse for years. he's a huge figure in music history to have the chance to even touch his cello was just an honor. ♪ after the auction, the delbankos never intended to see the countess again. >> welcome. jamie: but then we offered them the chance to meet stefan for the first time at the carriage house near boston. ♪ as i listen, i can't help, but think that if stefan performs as long as greenhouse did, the countess of stainlein will be heard for many decades to come. >> that was lovely. so good to hear you play. >> what a pleasure to meet both of you. really. >> really. that was very beautiful. >> i was quite nervous actually. >> what a great pleasure. >> pleasure. >> there she is. jamie: so in this tale of music and money, the delbankos seem satisfied that they have found a way to split the difference. >> more money might have made a difference in your life. how do you walk away from that? >> there's never enough, if you think in those terms. an extra million or six would ha

petro poroshenko was pointing the finger at russian president vladimir putin calling it "a ruthless terroristk by rebels." russia denies any involvement. a strong tropical storm sweat -- swept across japan. the storm caused serious flooding and disrupted air and train travel is across the main japanese island. next half hour, now that ramadan is ending, we will look at how diets are changing and how it could get threat to people's health. greece gets a lifeline from europe to avoid the threat of an immediate default. we will talk to the only american creditor who has been in talks with the greek government. it is a small island with some giant problems. the governor of puerto rico said the territory could not pay it $72 billion in public debt. one of the agencies failed to transfer cash to a trustee because the legislature did not appropriate funds. if they do not pay the $36 million of bonds maturing on august 1, it would be the first time puerto rico has defaulted on a debt payment. joining me from washington is the former governor of puerto rico. welcome to the broadcast and thank you for

anti-american network that it has within the last 15-20 years, gained a lot of support because of the petroources venezuela has brought to bear on all this. kiewf bombs intelligence apparatus -- cuba's intelligence service micromanages this. the president didn't say 3/4 of the u.s. senate and u.s. house approved standard for normalizing standards with cuba, freeing political prisoners alowsk the cuba broadcasting to continue and having free elections. those standard were set by democratically elected representatives and the american people and they were scrapped today so the president could pursue this ego trip more than statesmanship. jenna: we talked about the relationship between venezuela and iran. and middle east terror that some say is coming to our southern border. has there been any proof of kiewf what's relations with the number one state sponsor in the world which is iran? >> that is something the cubans have managed to keep a closely held secret. but cue bombs interest that relationship essentially manage can the affairs of venezuela the intelligence apparatus the security appara

has been taken into custody for alleged involvement in another scandal at the state-run oil company petrorass. opponents are calling for rousseff's i am impeachment. now it seems another high profile politician is facing corruption, too, as we're hearing. put it all into context for us. what's happening? >> i'll try to explain it very simply barbara. in less than 24 hours we've had two very high profile politicians with ties to dilma rousseff the current president under allegations of corruption. the latest being the speaker of the lower house of the brazilian congress that you see here behind me, and eduardo is his name and he's alleged to have accepted bribes in exchange for has handing out allegedly government--working to hand out construction contracts. now this is all very significant. as you pointed out in the intro the former president of brazil is under investigation for something very similar using his influence on the international world stage to achieve and secure contracts in africa and latin america. but this has been going on for moss. there have been dozens of arrests of ex

it is good in terms of the petro price at the pump and the impact that has on consumption and actually what we've seen in the first couple of quarters is the british have responded as you'd expect them to to lower preess by going out and spending. >> does this change the boe's timetable as to when they're going to change prices? mark carney two weeks back said we could see a rate rise in 2015. >> absolutely. the expectations have been coming steadily forward. some expect it before the end of the year. for ourselves, we're still happy with our forecast which is february 2016. >> how much of this do you expect elizabeth, because usually they can be quite large. how much attention should we be paying? >> the preliminary release is obviously with half of the data. you always taket with a little pinch of salt. however, with don't have a strong sense of it being revised up or down and i don't think the bank of england does either. last weekend they were expecting it and they weren't clear, but we don't have a strong sense of an upward or downward provision at this point. >> elizabeth, the po

closing and others are closed and many people don't have money for medicine and let alone for fuel and petrocountry has indeed taken a turn. i think alexis tsipras needs to realize this is the last few days. this is it. the message was very clear. europe is completely exasperated. today, we heard the last few minutes we heard from tsipras speaking in brussels basically saying he will put proposals to the table and he is confident they will meet obligation. at the same time going on exactly the points he has made which is he needs debt to be reduced basically. debt relief at some point. he needs jobs to be created. he needs a deal he says is socially an economically sustainable. it seems to me both europe and greece are not singing from same him sheet but tsipras knows this is it. they have until sunday it's do or die. >> they are literally speaking different languages. isa, thank you for that. >>> to china now. the market in free-fall. trillions of dollars in value wiped out. joining us from hong kong is cnn's andrew stevens. this is a market that is essentially closed. u.s. investors don't

ian: and it's not a petro state.hey manufacture cars, and operate will sanctions. 30% of their industry's shuttered and when they start seeing more money, it's not just going to be oil and gas. that means the wealth that comes into the country won't just be controlled by the regime. charlie: the ayatollah has said it's ok with him. he did not oppose it. ian: he also said it would not change his relationship with the united states. he's playing a hard life. there are still people who demonstrate and state death to america and the iranian regime has not suddenly become a friend to america overnight because of this deal. but if you ask me five years in, are the iranians going to be significantly more close to the united states as of the demographic and economic changes that occur, the answer is yes. ♪ charlie: there are those who speculate will leave the -- we will be closer to iran in five years and we are saudi arabia. ian: i have speculated that. [laughter] thank you, charlie. charlie: i didn't know if you wanted to

petro china, bank of china.being targeted by the stabilization funds. so there are some movements up. that is very much the case. the momentum is still going down. the reason why? basically that market soared up 150% from its lows last year up until june 12th. and then things started to wobble. no doubt there was a bubble. and it became a self-fulfilling prophecy. the government did a couple of things which didn't support the market initially. that got the ball rolling. now we're seeing a government coming back the other way, trying to support the market, zain. >> so the chinese government making moves to try to prop up the market. but we've seen a lot of volatility there. thank you so much. >>> millions of investor erors are losing thousands of dollars in the slide. nanny are many are learning a classic lesson. >> but one remains optimistic. >> reporter: school's out for the summer. but instead of heading to the pool or beach, this 17 year old hits a coffee shop where he gets to work immediately on the day's st

top performers, petro china as well as china mobile. majors, they're positive 80% of the time with average returns of nearly 5%. china mobile with average returns of nearly 3%. the fxi is also a good rebound, scott. on average it returns more than 4% after the week after the shanghai composite drops. chinese adrs have become more tightly coordinated with asia. this is since the shanghai composite peaked in june. the adrs could have more room to fall but you're seeing a lot more caution from investors outside of china. but the effectiveness of government measures, it's anyone's guess how far the shanghai composite will continue to fall or rebound. >> pete, you touch the fxi here? >> you know, i liked it but i hadn't jumped in yet. the one area that is actually china related was casino stocks. we had buyers coming in to win, coming in to las vegas sands. the move in the last week and a half or so has been extraordinary. >> i'm glad you brought that up. it's perfect timing. bertha coombs sends around some of these days. these are intra day

. >> also, it's not a petro state. these people manufacture cars, not well because of the sanctions, but they do. 30% of their industry is shuttered. they will see more oil and gas and economy. the wealth won't be just controlled by the regime -- >> rose: i see where the ayatollah said it's okay with him, this deal is okay, he did not oppose it. >> he said that and he said this deal would not change his relationship with the united states, and he's playing hard line. there are still people that still dmon strait and say death to america, and certainly the iranian regime has not become a friend to america overnight because of this deal, but if you ask me five years in, are the iranians going to be significantly more close to the united states because of the demographic and economic changes that occur as a result of the deal, the answer is yes. >> rose: there are those who speculate we'll be closer to iran in five years than saudi arabia. >> i have speculated that yes. but, thank you charlie, i appreciate that. >> rose:

overseas players like the brazilian driller petro bras did not do well at all, falling 49% during theiod of time in question. health care in the midst of merger fever, hasn't fully ended did incredibly well for some people. rising north of 20% broadly in that sector overall. so you saw kind of the combination there. i should note bill ackman was a key player in terms of ideas of ailer again, valiant and others, john paulson was interested in those names, lee cooperman recommended activist which eventually moved from vealiant ailer gann. and energy sup.llergan. and energy sup. it will be interesting to sea how the big names in energy are positioned right now. kate kelly thanks for the round-up. joining frus the floor of the new york stock exchange. >>> in terms of energy not many people got this trade right at all. >> melissa, i've got to say i'm not buying into today's raly. one single data point that matters to me. iraqi oil production is at 4.3 million barrel as day. that gets deep way deep into the business section of any newspaper if at all. it's indicative of iraq, what if iran g

petro trying -- petrochina kleins almost 10%. will government actual sale?ell this morning. this week, will oil find in bid? and the iran deal will not stop the spread of nuclear weapons. richard haass on the council of foreign relations. this is "bloomberg surveillance ," live from our world headquarters in new york. it is a busy monday, july 27. i'm tom keene with vonnie quinn and brendan greeley. brendan, what are you focused on this morning? brendan: here is what is significant. the shanghai composite has dropped more than that china's index. the industrials are suffering more right now than the smaller companies that were suffering in the drop for. tom: many of them down as much as 10% this morning. we will go to jon ferro in asia and moments. here's vonnie quinn. vonnie: we begin with china. the benchmark shanghai composite

petro china was doing incredibly well earlier in the session after a very strong rally yesterday whicht the overall shanghai composite to that 2.4% gain. china railway doing well, up by 10%. it is [inaudible] and a lot of the smaller cap stocks have been halted from trade to try to stem this route. caroline: thank you. we have looking like a slightly better day. 0.3% rise on the euro stocks as indicated why the futures market. that could be up zero point 4% in germany. -- 0.4%. ryan: money going into bonds across the board, yields coming down on the back of that just a little bit. not as apocalyptic on day two of the drama as we might have thought. caroline: the ecb will continue on its quantitative easing. let's talk u.k.. we got some statements, marks & spencer's and asos. give us a sense of what is happening in marks & spencer. theiir clothing not as -- doing as well as had been hoped. guest: it has been so cool in may and june. the brighter sparks for them are their online business. both those, 38 percent. people were still buying and the food business which remained up little bit

ukrainian president petro poroshenko is pointing the finger at russian resident vladimir putin, callingss terrorist attack by pro-russian separatists. he says it could not have occurred without a direct order from russian top military and political leadership. russia denies involvement. erik: ebay and paypal are splitting up into two separate companies, and they will face different challenges than the one they faced together. ebay is facing stiff competition from amazon and other online retailers and dealing with the lingering effects of the daily -- of a data breach. paypal -- ebay said in late 2014 it would split off paypal. it was under pressure from activists, including carl icahn. google is indicating one of its self driving prototypes was involved in an accident for the first time. an suv outfitted with cameras and sensors was rear-ended. three google employees complained of minor whiplash. one note about the self driving car -- it does not do anything about other people's bad habits. matt: so you could run into one. that is true about all cars. you have to be careful for other pe

after a drop -- the shanghai composite rose but only because of gains in big state of companies like petrogovernment suspended ipos and increased central bank support. and boosted stock purchases. the shanghai composite has fallen 27% in less than a month. john kerry is tempering the optimism in the iran nuclear talks. kerry says negotiators in vienna are not where they should be. talks have gone on for 989 straight days. the u.s. says it will agree to a deal only. -- if it stopped iran's ability to make nuclear weapons. aetna agreed to pay $35 million for humana. anthem's proposed takeover of cigna could be next. cigna rejected a bid last month. both companies said to be interested in humana. the u.s. is the first three-time winner of the women's world cup. the u.s. raised to a 4-0 lead in the first 16 minutes with three goals by carli loloyd. avenging the loss to japan four years ago. brendan: goalie out of position. from the midway line -- unbelievable. from 50 yards out, unbelievable. vonnie: a phenomenal world cup. brendan: they have improved. they said they needed to improve after th

petro china is one of those down by 2.7% currently.tainly we are seeing a lot of fear driven selling coming through in the asian region, really contributing to the $3.2 trillion equity rout. caroline: 80% of the chinese stock markets are backed by retail by individual investors. retail sales falling in china for the first time in over two years in june. clearly this is had an impact on individual investors. ryan: it indicates contagion. it's important to all the western carmakers to watch that. let's dig a little deeper into china and also greece and united kingdom. rejoined by men who spent more than five years on the monetary policy committee. andrew is going to spend the next 45 minutes with us today ahead of the budget. we have to start with china. i guess the first question is how much does it really matter here in the u k what is the threat of contagion? andrew: the thing we need to watch in the u.k. is what is happening in the real chinese economy, to chinese consumers and businesses. and the growth of the chinese economy. we kn

petro china and a bank. that's what you need to know. down by 27%. that's where the index peaked on the 12th of june. the chinese stock market and that time has plummeted by $2 trillion. a bigger amount that many stock markets are valued at. want to show you the hong kong market. it intraday bear market today. down by 11% from its peak on 11 -- april 28. today it is sell the biggest drop in the reagan years. we are followed by 11%. there is speculation the chinese investors were moving money out. a much more open market and the mainland stock market. back in april, at it is highest since 2007. how things have changed in china and things are changing in hong kong. manus: thank you for that. straight to the chief asian economics correspondent. they are common goal within new positions pretty much every day all of the week. reporter: good morning. what the latest moves are doing is raising questions about how committed to market reforms chinese policymakers are. they said that they are pledged to the open market and breaking down barriers and allow capi

ukraine's president petro poroshenko called for an international criminal tribune. >> staying with ukraine, the country's parliament agreed to pass laws required to unlock a new round of imf loans worth more than $3 billion. lawmakers approved the last set of bills required by the fund which has pledged a total of $175 billion to the conflict stricken country. >> let's change gears. samsung cmt agreed to a takeover for the sister company sending shares lower. this despite heavy opposition of the activist investor. speaking at the delivering alfa conference he voiced his disapprove. >> we think that the merger is unfair so we didn't start this situation as a activist battle with a company that's one of the most important pillars of corporate existence in korea we started as a value situation but we -- when it turned that way we evaluated as we do with every situation passive or active. this one i'm going to call it passive because we drifted into it rather than identified a possible activist situation from the get-go. and we evaluated the possibilities and legal as well as the vote because

maybe this is a big reversal in terms of positions but i put the question out to petro matrix and they responded oil price versus to worry more about it iranter than grexit. >> we have known about iran oil coming back online. the potential impact on supply-demand equation so the fact that the market is reacting this much is some what interesting. it's also interesting to see that it seems like out of all asset classes we saw the biggest reaction to the greek vote in the commodity market. oil prices moving down 8%. a lot having to do with the stronger dollar and weaker euro. >> but if we bring in the data on opec reports coming that it was the highest monthly level since august 2012 coming out of opec production levels. that's the biggest factor and it was a really outsize correction but since march we have been relatively steady at those level which is were a marked improvement from the march lows and yes this is a really surprising level of correction but they have been holding there and lots of bad news out of the marketplace and that's where we had it. >> that's why we're seeing the

a lot of people would instantly immediately say it would be the petro chemical companies, top of the list but you say hotels hospitality. we can imagine the western names that might be there. you've also i'm told been investing heavily in iranian financial companies. why are you doing that and do you see opportunities for western banks and investment banks to move in as well. >> definitely. i mean one of the sectors that benefits immediately from removal of sanctions is financial sector because they have been hit really hard by the sanctions of central bank of iran and also the swiss system so i think that sector would benefit hugely from sanctions removal. they are already seeing a lot of the european and regional investment banks and banks, investment companies, venture capital and private equity firms with iran over the last 12 months so definitely i see a potential for foreign multi-national, financial institutions to come to iran very soon. >> what is your sense of how soon the sanctions may be lifted, the sense among your collaborators there on the street, and how soon do these

a mushroom cloud of fire shooting into the sky as a petro plant explodes.o that country's survival. they don't seem happy. protestors hurling molotov cocktails at police. tear gas dispersed eventually in athens, greece. >>> this morning, a fox news alert. while you were sleeping a dozen pilots nearly blinded by lasers. >> we are live with robert with details. what can you tell us this morning? >> reporter: this morning, it's quite windy. last night the situation was far more dangerous this. problem is worse than we were told this morning. we were originally told five planes were affected. now according to faa, 11 commercial flights reported lasers shined at them while over new jersey last night between 9:00 and 10:30. fortunately month injuries reported. those all landed safely. let's not diminish what happened. lasers being shined into cockpits can be incredibly disorienting for pilots trying to perform important maneuvers like landing here at the airport. as of now, the faa has not determined the source of that laser, but the agency is now investigating.

there are high companies, they got to petro china it's interesting. be cool. i thought dennis gartman was right, we just kind of want to be cool. wow the destruction in china is going to be much bigger. >> we had all these guys on early. i don't buy it. >> let's say that's true. why is everything going down? >> uh-huh. >> sometimes you just say, you guys sure you are right. but that doesn't mean we shouldn't sell this stuff anyway. i think that there are many banks levered to the market. i think the communist party let the market come down a little. i think it wants to take the they're out of the market. take a look at the charts you guys are showing. you have to go back to where this started. a lot of people came at the absolute top in june. >> all these people. it's just 2,000 over there at nasdaq. but there is no s&p. which is why we are kind of let it come down. let the minerals come down. let oil go to port. let it happen. they're looking at you. >> okay. we will do that and look at new just a bit in a couple minutes. much more straight ahead. yo

all economic and banking sections as well as those imposed on transport, insurance, petro chemical industries and valuable materials will be removed. dismantling, the president said that iran will have to dismantle its illegal fucnuclear program. in 2013 the chief negotiator told pbs a final agreement should quote include a lot of dismantling of their infrastructure end quote but we are seeing under this deal it will be preserved not dismantled. p 1-plus five stipulated it will be 20-25 years and then they said 20 years plus another 10 years and the last offer was 20 years which in the end was reduced to ten years. i think over the next 60 days as people read the fine print of the agreement they might find out it is less than ten years. they know it is not 25 20 years plus. this is a bad deal for the united states and one that will embolden our enemies, jeopardize the security of our allies and lead our friends to not believe they can trust us and our enemies not to be afraid of us. what worse place can we be in than that? the stated goal of the negotiation negotiations was to insure iran nev

shelter for native americans and where one can see the history today, incredible rock panels, we call petro glifs indian writing. this monument is the area that reflects the pioneering western history from early explorers to the ranching that still exists. four or five years ago i visited this area. i had been in the area but not here. i went there are for a number of reasons, but i had been informed of a five-decade old art project in the middle of this vastness of this desert. we're going see this work of art and i also saw the unique beauty of the nevada desert. and that is unique. after i completed my trip, i really became passionate after giving this a lot of thought and contemplation. i became passionate about doing something to protect and preserve this incredible work of art, the stark beauty of the desert both of which are priceless. madam president, this picture is part of the city. this work of art has taken 48 years to construct, is the size of the mall here. it's a couple miles long, very wide almost a mile wide. it's something that is in the center of the basin range national