resident petro poroshenko promised swift and -- president petro poroshenko promised swift and decisive action. >> can you describe the events outside parliament after voting as anything other than a stab in the back question mark this was an anti-ukrainian act. all those -- in the back? this was an anti-ukrainian acts. all those who organized it should be held to account. david: freedom party leaders deny responsibility. they were not alone outside parliament. opposition to the government in some quarters is running high. poroshenko hopes his peace plan will keep ukraine unified, but the vision of what but divisionat -- over what it entails threatens to tear the country apart. laura: i'm joined now with more from a former u.s. ambassador to ukraine. think president poroshenko can still get his peace plan through? >> i think president poroshenko is going to try. there are two reasons i think it is important. pushing some authority out to the regions makes some sense. but it is also important that ukraine show that it is doing everything that it can to implement the minx -- minsk accords

one big story out of the region, petro china has seen a surge in volatility. market is being propped up once again. more from hong kong. china much money is putting into its markets? take a look at petro china shares. traders could be caring less about the 11 billion oil reserves. the stocks volatility in shanghai surged to the highest level among the world's 100 biggest companies. the swings or another sign of how state intervention is leading to price distortion in the mainland markets. at least is moved 4.5%, including a record 9.6% plunge last monday. matt: now, here are the top stories crossing the terminal at this hour. american pharoah proves he is among the all-time royalty of racing. he thrilled a huge crowd in new jersey, wilting a big major stakes race after resting two months. fans are wondering when or if he will run again. his connections might take him straight to saratoga the end of this month. 18-year-old american is making a splash in the swim world. she could be an olympic star next year. she smashed her own world record in the 1500 freestyl

. >>> brazilian prosecutors added new corruption charges against powerful politicians in the petro bass scandal. former president has been charged and the speaker of the lower house. the speaker is accused of collecting $5 million in bribes, and are the latest politicians to be implicated into brazil's giant oil company, which lead to arrests within president reduces's political -- dilma rousseff's political party >>> wall street experienced its worse single day in a year and a half. it erased all of its gains for a year. the dow jones lost 358 points. the u.s. is not alone. it fell 3.4%. on top of that, oil is trailling at the lowest level in six years, $41.14. asian markets opened lower on friday. >> the fighting flaring up is causing tensions across the region. georgia's defence minister joins us, talking about fears in russia, her country and others. they rely on the u.s. and allies. later, the mystery of a train crammed full of nazi gold and stolen artwork. artwork. >>> what has been a low intensity conflict between ukraine and separatist rebels is heating up. it's seeming that the

saudi arabia funnels our petro dollars, our very own money, to fund the terrorists. while the saudis rely on us to protect them. what are u.s./saudi relations going to look like under a trump administration? >> i'm not a big fan. >> they treat women poorly. >> the primary reason we're with saudi arabia is we need the oil. we don't need the oil as much. if we let our people really go, we wouldn't need the oil at all and let everybody else fight it out. saudi arabia's going to be in big trouble pretty soon and they're going to need help. if you look at yemen and border, you don't have to be an expert to know that's a long border. they're not going in for yemen. they're going in for the oil, saudi arabia. saudi arabia is going to need help. like it or don't like it, people back saudi arabia. what i really mind, though, is we back it at tremendous expense. we get nothing for it and they're making a billion dollars a day. >> we have a running theme. you believe the u.s. should -- you're okay with the u.s. being the world's police -- >> we should at least be reimbursed by

troubled times for it was an interesting -- for a once who make petro state. let's put all of this into perspective because volume is right your average down 24%, the nasdaq off by 15 for a son. it is a summer monday. lira's, they are all fighting again today. emerging market stocks all into another multiyear low and that has been the scene. both continued today. stocks,e homebuilder rallied after we had homebuilder sentiment coming in better than estimated. you also have oil in a really interesting. joe: i want to dive into my terminal. last night we got some japanese gdp data. it is just another thing that is kind of sad. it was better than what was expected, but still another negative quarter. when i want to look at is this chart. the japanesene is unemployment which is at its lowest level in 20 years despite the fact that you regret this slocum unemployment is extremely low. does that remind you of any economy nearby? u.s. gdp has been disappointing that the unemployment rate has continued to be better than what the fed expected. people are asking we're tu

petro china. kind of a barometer of what is going on with the broader market.stock exchange reopening today, a five-weeks is tension shielding the economy -- a five-week suspension. looking at when things start trading, and we have a limit on this timeframe, as well. reporter: yes, we certainly do. withis the longest time the trade since the 1970's, but as you mentioned, there are a lot of restrictions. onre are no restrictions what was already in the market before june 26. it will be able to buy stocks, bonds, and derivatives, but only if they use new money, and i guess that is what they call transfer from abroad, and money earned from future sales, but the other restriction is that we do see stocks moved by more than 7% in 10 minutes up or down, they will be halted. that is down from earlier, which was a 10% rise. so certainly a lot of those restrictions coming into play, some people calling it market manipulation. the prime minister, of course, has been in the headlines the last few months, and we are talking about alexis was, but does he have a political pa

it's a petro state. it's more petro state now than it was eight years before, before the economic crisis. i takes $110 a barrel to balance the budget. unfortunately for the kremlin, we have oil now hoverer around 40 some bucks a barrel. we're not even close. the difference is that they have -- they did have massive exchange rate reserves, but you can burn through those very quickly when you're -- russia is in recession. the economy is being

was based on oil and petro chemical products, about 90% of imports in europe from iran before the 2012go was imposed was actually related to petro chemical products, so if sanctions will be relieved after an implementation of the agreement, the beginning of 2016, i think this will be the main sector in which there will be room for improvement of relations between e.u. and iran. i think the fact that together with u.k. foreign secretary, the results is more delegation traveling into iran, among which traveling as well will be a factor in iran. >> >> high level talks between india and pakistan collapsed hours before they were due to start. pakistan pulled out, saying it won't accept india's preconditions. it wants to discuss the dispute over cashmere, but india wants the meeting between the national security advisors to focus only on terrorism. we can get the latest now from our correspondent. let's hear from pakistan administered kashmir. >> although the indian prime minister and the iraqi prime minister agreed to resume talks, there was an anticipation that perhaps it would be a step f

. >>> promoting tourism, ukrainian president petro poroshenko has warned, vladimir putin's visit willup tensions. he toured a thousand-year-old trading ship. >> the view of the shipwreck is so clear. the experts say they have a lot of work to do down here. >> soldiers are sent to help fires battling in western states. in washington state, one fatality is concerned that of an elderly woman. >>> obesity and malnutrition exists side by side in the richest country in the world. the phenomenon of a food desert an area not in easy access to fruits and vegetables. third installment of our special. andy gallagher reports. >> a chance to get your hands dirty and watch the seed you sow grow and mature. but this type of barb guarding igardenings isbecoming importan. community garden is a career change she doesn't regret. >> i know i'm preventing someone in the long run from having to go to the hospital. so i'm still doing health care on this end. and i was reluctant to do it but as i see families are coming and receiving it and i get those comments from families i know at that point that what i'

petroed times for a once state. alix: longest winning streak in a month. let's put all of this into perspective because volume is crazy light. look at the 10 day average and your average is down 24%. same for the s&p. nasdaq is off by 15%. it is a summer monday. joe: emerging market currencies, turkish lira's, they are all sliding again today. emerging market stocks all into another multiyear low and that has been the theme and continued today. alix: the two big movers were homebuilder stocks, rallied after we had homebuilder numbers coming in better than estimated. you also have oil in a really p.m. sting move at 2:00 it lost 20% of its you and no one could tell me why. joe: it was ugly. i want to dive into my terminal. last night we got some japanese gdp data. it is just another thing that is kind of sad. it fell 1.6%. it was better than what was expected, but still another negative quarter. what is going on with abe-nom ics? when i want to look at is this chart. the yellow line is the japanese unemployment which is at its lowest level in 20 years. despi

inside the chamber there were angry protests, the new bill backed by president petro poroshenko and his allies did pass on its first reading. it's part of a peace agreement reached in fruary of this year, supposed to end the fighting between ukraine's army and russian bak backed separati. these scenes in the capital are a reminder of just how controversial it is. nadim ba baba, al jazeera. >>> the chinese government has arrested 197 people for spreading roormspreading rumorsk market and the tienjin blast. adrian brown has more. >> on state tv journalist juan n chow lu apologizes. >> in this kind of market, the information can have an impact whether the information is correct or incorrect. we are going to be one way or the other in an extremely volatile market. >> lu shu phan accused of insider trading, he reportedly made a half million in profit after borrowing twice that amount to buy shares. in total, 197 people have reportedly been punished about spreading rumors, china's devaluing currency and the explosions in tienjin. but criticism is not featured in chinese state media. instead i

the bill backed by petro poroshenko and his allies did pass on its first reading. it is a crucial part of a peace agreement reached in february of this year. it was supposed to end the fightings between ukraine's army and russian backed separatists. since then there has been deadly violence in the east. the new law has to pass a final vote later this year. nadim baba al jazeera. >> the united nations has condemned the handing down of a three jeer jail sentence to -- to three year generate sentence to three al jazeera journalists. the spokesman for the secretary-general says he will continue to protest for their release. they were convicted of crimes they and al jazeera deny. >> the secretary-general has brought up the case of these journalists and other incarcerated journalists whether they be in egypt or other places. sometimes quiet diplomacy sometimes more vocal diplomacy. he will continue sometimes quietly and sometimes more vocally. >> meanwhile two israeli journalists working for vice news have been charged by a turkish judge as being part of i.s.i.l. arreste

if you look at it, you still got job growth and lots of the workers moved to the petro chemical businessand it's very strong. those plants are run on natural gas. they are big exporters. so you had a worker shift and because of the growth in texas, we continue to see good growth. i mean it's not 3%. joe: basically one month from now or a little less, we could get the first rate hike since the financial crisis. what do you think about monetary policy? is this the right time, should they wait? guest: they have been too loose, too long. you keep rate waiting for the perfect data which seems to be what they do, i don't think you ever get there. joe: we have had no inflation or anything. why should they have gone at this point? guest: the strauss in the wind show that there is a lot of opportunity for this country to grow. there is a lot of backlog. and if you look at texas, the number one problem is skilled labor. we need more of it. there's plenty of jobs. overregulation has limited growth. and so there's opportunity to build and go forward. alix: how would a rate hike help you with that? g

linked to the oil company petro bass. >> opponents of dilma rousseff are marching across the country. and ab economy sliding into recession. we have more. >> reporter: people came out in support of president resources. not necessarily because they are doing a good job. many of the banners say now, no. they see that the calls for impeachment made by the opposition really adds up to destroying the democracy. they are calling for eduardo to step down. he's the speaker of the lower house. once a political ally of the president. just a few months. waging inside congress. they have been indicted in this scandal surrounding this safe-owned oil giant petrogas that galvanised the country. snoop it's marsh louse that he's been charged. we can change the balance of power. for us, it's important so the government can start working for the interest of the poor. >> even though there's numbers, there's no match to the protest. people are across section of society. many will tell you that this country has been through a difficult time during the military dictatorship, which was not long ago. so they

a corruption scandal involving the state run oil company petro bus hapetrobras has been hurting confidence and hurting the ratings of president de dilma rousseff. let's talk to paulo setero it was not so very long ago that pati people were falling over brazil, and it was the wunderkind of the 21st century. and in fact, they said it was their century. was it ever really as good as portrayed, and if so how come it's gotten so bad now? >> you're correct, david. it was not as good as portrayed. brazil has been in a slowing down in the first four years of the administration of president dilma rousseff. we're now in this full fledge recession. the news we just got are not surprising. they came just a little bit more negative that most economies were expecting. but it's a real recession hitting all sectors of their economy. confidence is not present, and unemployment is rising, inflation is high. we have stagflation type of situation, and more to come, probably the situation will get worse before it gets better. >> who has made such a mess of it all? >> well, it is most people in brazil now belie

it's a petro state. it's more petro state now than it was eight years before, before the economic crisis. i takes $110 a barrel to balance the budget. unfortunately for the kremlin, we have oil now hoverer around 40 some bucks a barrel. we're not even close. the difference is that they have -- they did have massive exchange rate reserves, but you can burn through those very quickly when you're -- russia is in recession. the economy is being contracting for at least three quarters. so, russia has been floating on a blissful sea of hydrocarbons for over a decade and enact nothing structural reforms when they had time. i know my -- i am going to finish here. my presentations tim to at the bleak. what i present -- my boss is not here today. he is on vacation. when i present with him he only wants to present with me late in the afternoon so he can go out and get a drink. i'll finish with a quote from one of my favorite movies, the 1987 movie, "the classic wall street." remember the scene when charlie sheen is

but the new bill backed by president petro poroshenko and his allies did pass on its first reading. part of a peace agreement reached in february this year was supposed to end the fighting between ukraine' ukraine's armyd russian backed separatists. these scenes in the capital are a reminder of just how controversial it is. nadim baba, al jazeera. >>> authorities have arrested 197 individuals for spreading an online rumor about a stock market crash. those found guilty could face three years in jail. adrian brown has more from beijing. >> on state tv journalist confesses his guilt. his crime: to report that the government was planning to end its efforts to rescue the market. on the day that article was published the shn shanghai share index suffered its biggest loss. >> we are going to be in an extremely volatile market. >> also disgraced accused of insider trading. borrowing to buy shares. china's legal system relies heavily on confessions. in total, 197 people have reportedly been punished for spreading rumors about the recent stock market falls, china's devaluing currency and the

it's believed they died breathing in toxic petro fumes on their journey. >>> the head of the antismuggling task force says military needs to step up. it's one of the options to be discussed by e.u. defense next week. the summit will look at increasing the number of warships patrolling the mediterranean sea and they will consider searching and diverting vessels. e.u. military operation is gathering intelligence on smugglers' activities. we havwe explain why libya is ue to resolve the situation. >> there's big changes that have emerged. libya, the security approach, is disorganized and in chaos. there are two groups of countries, england, france or germany. but you have transit zones. they emerge, like italy. they come from the southern border. libya doesn't feel they want to pick up europe's bill. and pay for our problem, they don't feel the problems of migration breathing down their neck. they don't have the economic or political will to deal with this. ultimately you have hundreds if not thousands of different groups operating on the ground. some taking advantage of a chaotic situation, o

president,raine's petro poroshenko, has called with -- has called for an urgent meeting with french, russian, and foreign officials. searcher -- one ukrainian soldier was killed in attacks. the heaviest artillery attacks are being carried out on government positions in six months. a damaged house with no gas or electricity. this is a town in eastern ukraine. at about 9:00 a.m. they started showing. the whole apartment was covered with debris. people had to flee for their lives. we have no windows. we have nothing. >> the signs of conflict are everywhere. broken windows, collapsed roofs, bullet marks on walls. >> they are killing us like dogs. since the 25th, they are showing nonstop. yesterday they started at 8:30 a.m. and finished at 4:00 p.m. around it, continues and residents say it has gotten worse over the past few weeks. ukraine's army spokesman says rebels showing has intensified over the past 24 hours. >> yesterday we recorded 127 of the on positions anti-terror operation. this is the largest number since the end of the battle. in two different cities, one a port city under u

president petro poroshenko said it was an affront to the international community, which has not recognizedthe annexation of crimea by russia. ukrainians said this is not about promoting tourism, which is the ostensible purpose of the visit, but more about reaffirming russian power in the region. crimea and -- posters of putin -- crimea had, before the visit, posters of putin's face. but crimea is largely in crisis because of the annexation. before that, 80% of tourists were ukrainian. now, most ukrainians are not choosing crimea as a destination. more russians have been traveling to crimea, but hotel managers say that it is far from being enough to make up the difference. laura: all right, gulliver. thanks very much. gulliver cragg reporting from ukraine. 49 migrants have been recovered from the mediterranean sea, believed to have suffocated in the hull of a fishing boat. a quarter of a million people fleeing war and poverty in the middle east and africa have arrived in europe this year alone. more than 2300 have drowned trying to make the journey. hundreds have had to flee their homes in

now, here in tianjin, one of the biggest ports in china, it is a center of the petro chemical processing industry. this area is awash in chemicals. what government officials are worried about, as long as these flames keep continuing, it's possible that more chemicals could somehow be ignited causing more explosionings. >> thank you. >>> the u.s. is investigating reports of chemical weapon use by isil against kurdish forces in northern iraq. the incident is said to have happened on thursday. german troops have been in the area training forces. they reported at least 60 kurdish fighters suffered breathing difficulties from the attack. >>> the u.s. ambassador to the united nations says if the reports are true, then those responsible will be held accountable. >> it would be a further testament of the hideous nature of isil as a movement and its utterly brutal approach to what it calls warfare, but what appears to be just systematic attacks on civilian whose don't accord to their particularly perverse world view. i think we'll have to, again, move forward on these allegations, get whatever ev

ukrainian president petro poroshenko criticized the visit. he described it as unauthorized and said it's a challenge to the civilized world. >>> government officials in syria are trying to keep priceless artifacts safe from militants who want to destroy them. they've moved thousands of relics from museums across the country to the capital of damascus. officials with the director general of antiquities and museums are taking charge of the project. they're restoring stone statues and creating a photographic record. the director general said many items are now safely out of reach of islamic state militants. earlier this year, the extremists seized the central city of pal mere ra and reportedly smashed roman statues. u.n. representatives adopted a resolution condemning the destruction of cultural heritage and called on countries to help stamout the black market for valuable ancient relics. >>> officials at japan's aerospace agency are making final preparations for a supply mission to the international space station. the h2b rocket is scheduled to

en la bolsa de nueva york a ladesaceleraciÓn econÓmica en china y la caÍda del precio de barril de petrÓlesia donde manifestantes pasarÁn la noche han caminado mÁs de 50 millas todo en un esfuerzo dicen para salvarle la vida a los cientos inmigrantes indocumentado que su reciben en el estado gratuitamente servicios de dialisis. >> (gritos). >> son pocos pero xin a un para mantener a luÍs c con vida el hombre de 44 aÑos hace el recorrido en silla de ruedas por su dÉbil estado, necesita un transplante de riÑÓn en lo que espera sobrevive con dialisis. >> estamos arriesgando nuestra vida si nos quitan la dialisis. >> por lo que el grupo ha emprendido una caravana de chicago a caminorÁn para pedir al gobernador del estado que no elimine los fondos que les permite recibir dialisis gratuitas, illinois es el Único estado que ofrece el beneficio. >> no tenemos 20.000 dÓlares por semana que viene costando no lo tenemos. >> el estado tiene un dÉficit presupuestario de mÁs de 4.000 millones de dÓlares, y este es un de los programas que se quedarÍan sin dinero en prÓximo meses hoy la oficina del gobe

petro poroshenko said putin is trying to increase tensions with this visit, but president tin said he is trying to revive crimea's economy. >> we won't have that much of the support of western partners for the european countries and particularly european countries that took part in the minsk negotiations. this is something which is really concerning us, because unfortunately on our own, we aren't able to stop the conflict and we aren't able to convince russia to stop supporting terrorists. the biggest problem now are not people on the ground fight, ukrainian army, but the fact that russia is providing them with money, with supplies, with weapons, with fuel and first of all also with people on ukrainian soil. >> russia denies playing any direct role in the conflict, saying it is only sending humanitarian aid to rebels. the united nations estimates the fighting in ukraine has now killed 6,000 people since april of last year. >> in a new op ed today, senator bob corker plans to vote against the iran nuclear deal and says congress should reject it. he is chairman of the foreign relations

now been charged with corruption in connection to a widening scandal of the state run oil company petroe is accused of taking a $5 million bribe on two drilling contracts. he denies it all and says the president's government has framed him. >>> hundreds of supporters of the president are rallying on the streets of brazil. she is under massive pressure. popularity about the lowest it has ever been for an elected president. unemployment is at the highest it has been in five years. inflation is on the increase as well. and this is this corruption scandal. rousseff chairman of the oil giant for seven years. she denies any involvement in corruption, but critics do not believe her. hoda abdel hamid is in sal pal low. she is our correspondent to speak, and we have a former president charged in all of this. it seems to be getting a little bit too close to del ma rousseff, perhaps for her comfort. >> reporter: it is getting a bit closer to her. i mean, eduardo is the first sitting politician to be charged in this ever-growing petrobras scandal, which is basically like a soap opera galvanizing th

demonstrators threw petro bombs at police who responded with tear gas. earlier, three kurds died. hostilities have increased since the cease fire. bernard smith has more from the center of the latest violence. >> reporter: evening is usually the busiest time of the day. as the scorching summer sun sets the streets would fill with shoppers, the cafes come alive with gossip. but this kurdish town close to turkey's border with iraq, is in the middle of a new outbreak of fighting between turkish security forces and the pkk. the mayor from the pro kurdish democratic party fears a return to the early 1990s when the military launched a crackdown on pkk havens here and in iraq. >> translator: week would be out until midnight, drinking tea having fun. now the shops started closing early. people are anxious about what's happening. they dare not go out. >> reporter: on some nights they battle the pkk affiliated youth groups. these are young men and women who might have gone to the mountains as pkk fighters. forces are burning positions in forests in south eastern turkey as well as in iraq. i

we are at petro station in medford which is right now the lowest in the state. drivers are paying $1.95 for cash for gallon of regular and 2.05 using your debit or your credit card. many people we spoke to say they are filling their tanks for less than $40. quite a difference from last year or even last week. trouble in the world markets seems to be filtering down to new jersey's gas tanks and that has drivers, filling up. >> that was great, i just told him 30 regular and expect to go get change back. >> reporter: when was last time that happened. >> i could not, i must have been 18. >> reporter: yes, exactly. >> i just drove up on it not expect to go see 1.95 and i'm shock but i don't know if it has anything to do with my mutual fund which are not in my account now you. >> reporter: crude oil has fallen below $40 a barrel for six years amid fears in the slowed down in the world economy. the gas prices have fallen steadily, faster then we have in 30 years this medford station is keeping prices below 29-dollar mark for cash buyers. >> it is crude oil that is goin

seeing know now, we are a statement from petro, china, it has its fifth largest refiner there. company sees no immediate impact to the just takes, that this report is a key handler of iron ore. shipped intof cars northern china come into tianjin. 10% in 2014, 89 million tons of coal. thanks for that. we have more coming up on "trending business." ♪ ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. ♪ china'selcome back, currency has fallen for the third day. the offshore yuan has regained some of the losses. a new fixing mechanism is being unveiled. they intervened late yesterday when the yuan fell close to its 2% limit. lenovo fell despite profits beating estimates. quarter wasor the $105 million compared to estimates of 71 million. that despite a drop in computer shipment. they delivered strong earnings to beat estimates, they saw profits rise 13% in the first quarter. itstel reaffirms yearlong outlook. juliette: thank you. it is a

this petro manager says the market and competition from other gas stations is forcing him to offer the lowest prices in the state for cash buyers. that's one point knife for a gallon of regular. >> whatever price we give they still want lower than that. >> reporter: happy customers are returning customers. new jersey drivers are gladly shelling out the cash. >> tonight i'm hoping to get a full tank with 20. >> reporter: after years of pain at the pump, thankful for a little relief. >> it's a lot better than paying $4 close what we were doing a year ago. >> march was the last time south jersey saw prices this low and analysts are predicting that prices will continue to fall. in medford, new jersey, diana rocco cbs3 "eyewitness news". >> all right. let's take a look now at average prices for gallon of regular in the area. in new jersey, it's 2.28. in pennsylvania, you'll pay 2.58. and in delaware, drivers are paying average of 2.37 a gallon. >>> a gaping sink hole opens at a philadelphia intersection chopper three over tulip and huntington streets in kensingt kensington. crews have been

it was triggered by the petro gas scandal.led to the arrest arrests. >> they are stealing from us. they don't have the heart. because the corruption is killing millions and millions of brazilians people. >> reporter: here in rio, many were from the middle class that had seen steady growth over the past decade, now it's feeling the pinch of the economic crisis. but while the protesters were making their voices heard, many more people preferred to spend their sunday on the beach. they share the same discontents but don't agree with the calls for impeachment. >> there has always been corruption in this country. but they are not demonstrating against corruption, they are demonstrating against a party. you know? against. [ inaudible ] against this government. and the solution is if we have -- if. [ inaudible ] doesn't exist, all the problems in brazil are solved. >> reporter: many fear that those calls to out of the out of the president, it will just lead for more inning that bill. it's not enough to impeach a president. it would r

. >> not every station can go solo, medford petro market err says the competition from other gas stations is forcing him to offer the lowest prices in the state for cash, that's 1.9 at for gallon of regular. >> whatever price we use, still ones lower than that. >> hey custom remembers returning customers. new jersey drivers are gladly shelling out the cash. >> tonight i'm helping kids get a full tank. >> after years of pain at the pump, thankful for a little relief. >> a lot better than paying $4, what we were doing, what, a year ago. >> march was the last time south jersey drivers saw prices this low. and analysts are only predicting that prices will continue to fall. in medford new jersey, diana rocco, cbs-3, "eyewitness news". >> 5:35, in business news this morning, what's going on with china's economy and how that is impacting wall street. let's check in with mine watch's jill wagner up at the new york stock exchange, crazy day yesterday. good morning. wild riled, could be in for another wild ride on wall street today, this morning, china main index collapsed again, it was monday's ma

petro china shares, traders could care less about the company's 11 billion barrels of oil reserves andhat exceed draft or can gdp. the top 95 percent of the country's trading in the russell 2000 index. that is the site hosting intervention is leading to price distortion in the fleet mainland market at least 4%, half of trading days in july include a record 9.6% lunch last monday. america, drama is never behind. the default has nonstop company from pumping oil. creditors have little option but to see if the ship, with one bankruptcy lawyers say that the pirates get the vessel themselves. the cost of that instituting the collateral are very high. mark crumpton is here with me as well, looking at the story. let's start with you on this. exactly what is going on with this ship? >> the ship is out in brazilian waters, using about 10,000 bottles a day. but the average tequila is not paying anything for this. this is money that should be -- we need to find out why they are defaulted. ship, there was talk about having the ship seized. who would have to prove that before that action was taken?

you had petro china that was being bid up.otave been able to dig, too hard, because these were based on exchange filings. it has built up such a substantial position that they had disclosed it.that is how we found them . so these are the four sectors. let's show the graphic and have a look at some of these individual names. people are wondering. there we go. china railway, you have the tcl, -- dairy maker, guanghui, these are sorted by the size of the position. angie: gotcha. how have these stocks done? david: not very good. we have the top three, the railway stocks, and you have the dairy maker. they have done this, but you could argue without intervention, they would have done worse. angie: maybe creating a floor thanks to cffc. thanks, david. thanks for all of that. a look at some of the top corporate stories on the terminal. we've got juliette saly standing by. shares extended losses , losing half of its value. 56% thisas fallen year. there are concerns a slowdown in auto sales is hitting growth. in july the dealers associ

tetro is doing very well overall china isinese -- petro doing very well overall in the chinese marketa lot more bright spots coming through in the markets for the title -- final trading day of the week. olam is surging in singapore shares, the highest in eight months. mitsubishi agreed to buy a 20% stake for more than a billion dollars. a major investment. it is a 29% premium to that 2014 average price that olam had. a lot of questions surrounding this. why is mitsubishi paying so much? >> i am going to say something contentious. people have to eat. mitsubishi has investments all over the place. ore,s investments in iron coal, pipelines, chemical businesses. in the same week we have seen commodities plunged to a 16 year intomitsubishi is buying the idea that no matter what, we will still want to eat, we will still consume a lot of food raw material, and therefore, olam still makes sense as an investment. wem says that even though have seen commodity prices fall, we have not eating any drop in demand in food commodities. the prices are down because the u.s. dollar is strong and emergin

troubled times for it was an interesting -- for a once who make petro state.f this into perspective because volume is rightlight

. >> petro poroshenko during the ceremony over ukraine's independence, accused russia. >> the 25th year of independence will be the one we have to pass by walking on thin ice. the smallest misstep could be fatal. it is possible to combine defensive effort, l 60s responsibility and an iron stamina. >> poroshenko also accused moscow of sendining. >> the trio held talks on deteriorating situation in eastern ukraine. merkel said everything must be done to broaden the peace deal agreed to in minsk. 9,000 are supporting the pro-russian rebels. >>> about 300 migrants protested their living conditions in milan, italy today, block a major road and clark with pleas police. the refugees are mostly from africa awaiting documents that would allow them to find work. more than 100,000 people have arrived in italy this year after crossing the mediterranean sea. >>> angela merkel has condemned a neonazi demonstration, dozens of police officers were injured when the protesters threw bottles and fireworks at them as they escorted refugees 22 into the shelter. >>> trying to maintain order at the border of

david: profit warnings, and between these two companies, petro china, just putting that into reflect be heavyweights and either a better than expected drop in the first half or they are coming out with dyer profit warnings, i think is the best way to describe it. we are seeing it across more than one area. now, the shanghai composite about 20 minutes to the close so i will get my chart up. basically, 3592. and where do we head this week? this is your 100 day moving average. we are basically stuck. this is about 3550 if i am not mistaken, so that is something to watch, something that has really helped to daddy this week. it is very tight ranged, more than the outside perhaps but i will leave it there for now. rishaad: well coming up later this hour, we will see how there could be something that affects the online payment arm of alibaba, and one of the biggest underdeveloped nickel deposits in australia. "asia edge" is back in two. ♪ shery: welcome back. some shares at a low, so should we expect more defaults? owing back to the conference in kalgoorlie we are joined by a ceo. thank you

take a look at petro china shares.could care less about the -- 11 billionl it in oil reserves. topped 95% of companies trading in the russell 2000 and the. it's another sign how state intervention is leading to price distortions in the mainland market. on stock moved at least 4% half the trading days in july, including a record 9.6% plunge last monday. mark: california has a plan to end the auto industry as we know it. boardate resources chairman says she wants all cars to be electric. the chairman of fiat chrysler says his company is losing money fiatery battery powered 500 east that he sells. he says he only produces the vehicle because state rules require it. julie: this is about mary nichols and has some authority behind her. sergiofacing off against marchionne who says he loses money every time he sells a 500 e. he said he wasn't required to do it, he would not sell vehicles. he said he had to sell the government -- had to sell vehicles he would be there for a government handout. this were to become a pass, can we

tianjin is one of china's biggest industrial centers, home to 11 million people and a major hub for petro chemical industries. tonight people are being warned to stay inside in case of toxic fumes and 70 miles away in beijing, this message. please shut the doors and windows. not sure if harmful gas. canadian glenn alexander in beijing got calls from people in tianjin. >> the first conversation we had is that the firefighters and first responders had all been knocked over and there were dead bodies all over the street. >> state broadcasters said the double explosion was caused by a fire in a warehouse carrying some sort of explosive material. smoke was still rising at the scene of the blast. two firefighters remain missing and at least 13 people are dead. given the force of the explosions, that number is hikely to rise. nbc news. >> and the latest death toll there is 44. moving on, china's central bank reassured markets about the country's currency saying there's no basis for further yuan depreciation. it's had a strong economy, sustained trade service and ample reserves give strong suppor

in saudi arabia, that was kissinger's engineering, and had to do with figuring out ways to recycle petro dollars back into the united states, also setting up saudi arabia and iran as the guardians of the gulf in a post vietnam kind of re-alignment. a lot of people -- when people want to think about blowback from the middle east, they look at the 1980s and look at the cia and the mujahedeen in gaffs' afghanistan, but that infrastructure was put in place by kissinger. not one person is responsible for the impasse of catastrophe that me middle east is, but kissinger, i think, bears more of a responsibility. he gets criticize it for a lot of thing but get as passion for what he did in the middle east. he start goosing pakistan to go into afghanistan and destabilize afghanistan, and that was the beginning in some ways of political islam. i never found any specific -- that was around the same time that he was doing the same thing, not with political islam but with south africa and ang goal ya and mozambique. so this was a mod does operandi do use proxy states to destabilize enemy states. so ki

the new bill backed by petro poroshenko and his allies did pass on its first reading. it's a crucial part of a peace agreement reached in february this year. it was supposed to end the fighting between ukraine's army and russian backed separatists. since then there has been sporadic and deadly violence in the east. the new law has to pass a special vote later this year but these scenes are a reminder of just how controversial it is. nadim di baba, al jazeera. >> recent stock market crash and the tienjin chemical blast. those found guilty could face three years in jail. adrian brown has the story. >> on state tv, the journalist confesses his guilt. his crime to report that the deposit was planning to end its efforts to rescue the article ws published the shanghai share index suffered one of its biggest falls. on monday he apologized for those who lost money. >> this can have a big impact whether the information is correct or incorrect. we're going to be in an extremely volatile market. >> also publicly disgraced, a stock market official accused of insider tradings. he a

who can rent storm petro out for $06,000 per week. >> this keeps you where you want to be at the helm of your own boat? >> that's right, by chartering the boat i can make my lifestyle part of my living. >> making her living and lifestyle on the water with saleo. on buzzard bay, douglas kennedy, fox news. >> sam bradford seeing his first time in the pre-season. he took a beating but got up, got the job done, in just a few amount of snaps he had. but eagles also had a ton of explosive plays, a loft action, it was beautiful. you see barn err making it happen for the second week in a row. that is up next in sport. (plays throughout) ♪ sometimes, at last doesn't happen at first. ♪ ♪ your dad just kissed my mom. ♪ turning two worlds into one takes love. ♪ helping protect that world takes state farm. >>> the eagles are back in action. it is the second pre-season game, so those starters are going to play a little longerment we'll see some real football this time. and couple of guys, not in. kiko, demeco ryans, they're out, but no words, chip kelly being little pre cautious, don't want those g

and many of those opportunities have been available in the petro industry.he oil fields, and with the decline in oil revenues, and the decline in the price of oil, those job opportunities are not as -- readily available. and part of the issue is dissatisfaction with the lack of employment. so this is a way for the government to say to the venezuela population that it is doing something about the immigration issue, to create more opportunities for venezuelans. and i think also as part of it with the economic crisis right now in venezuela, the fact of the matter is, and was reported in -- in your report, venezuelan goods are subsidized and smugglers are coming into the country to get goods out of the country, and to sell them on the black market. >> and no government can put up with that for too long. as virginia said, 40% of all imported goods find their way in through smuggling. that can't go on, what other things could they be doing to alleviate this? >> well, i think the policy that the administration has implemented is rather heavy handed. one of the keys

what's your take on petro china and why do you think the volume is so low. >> i've got two strikes against it. i don't like the oil stocks and i'm not sure that's the current view on it. >> caller: i'm look at fiat chrysler. they plan on selling off ferrari and issuing ferrari stock to current stockholders. they're around 15. revenue margins and return on equity is good. it's down 40% for the month. should i buy? >> that stock is up too much versus other stocks and it doesn't have that kind of yield that i would like for protection. i'm not a big fan of the auto stocks because they require worldwide growth and that is what's being questioned so i'm going to say no to that idea. dennis in michigan, please, dennis. dennis you're up. >> caller: hi, jim. i'm calling in regard to jet blue which is an american based a airline stock. it has nothing to do with china, europe or the world economy yet in the last several days it's fallen over 8%. i'd like to get your opinion on why it's fallen. >> of course. let's understand that july was a bad month in term of rate structure for united states airlin

she was the chairperson of the board of petro bras during the whole administration of lula and during her own administration this continued to up ha happen. people blame her for what happened. it is an enormous scandal. the only redeeming value of all of this is that a new generation of judges, prosecutors, federal, police investigators are really going after this. and for the first time you have some hope in that department. >> i've got 20 seconds left. i want to get this in. a quick 20 seconds. how big of a black eye is this for brazil now considered on the eve of the olympics? >> i think it's a problem. i think brazil can organize a decent olympics and receive people. >> i'm sorry. >> we are good at throwing a party. but we will offer good olympics there. but it is a very sad moment for the country. >> paolo from the international center center for scholars. thank you very much. >>> spotters have found the debris of that indonesian airliner that crashed on sunday. now the government revealing the plane had $500,000 of cash on board. >>> i'm in india where the government has pledged

the building for petro chemical refining is strong. >> it is.ting to see some of those go right now in texas. up $33 billion. 18 bill of that in texas all by itself so it continues to be very strong in that market. >> and your a buyer of your own stock. just a believer. >> we believer in ourselves and we put out the notion that we're going to come back and buy 20 million shares of our stock back. >> but you don't have that many shares -- that would be a huge buy to get you back to where you were before the fantastic acquisition. >> that's entirely correct but the fact is we feel like we can do a couple of things. we can buy shares back but we're also going to continue to participate in this industry because we think we can find good-byes over the next several years as well. our best first dollar is doing the right acquisition. sometimes that's doing more and sometimes it's buying another company. >> i want people to know what happens in this lower oil and gas, diesel savings for you. >> yeah. >> 2 -- i mean just a monumental figure. >> on an ann

this medford petro manager says the market and competition from other gas stations, is forcing him tohe lowest prices in the state for cash fires. that's 1.59 for gallon of regular. >> whatever price we give, still one lower than that. >> hey custom remembers returning customers. new jersey drivers are gladly shelling out the cash. >> tonight i am hoping to get a full tank on 20. >> after years of pain at the pump thankful for little relief. >> a lot better than paying $4, close to what we were doing what a year snag. >> march is the last time south jersey drivers saw price this is low, and analysts are only predict that prices will continue to fall. in medford, new jersey, diana rocco, cbs-3, "eyewitness news". >>> stock marked was wild roller coaster ride yesterday, dow dropping by more than a thousand points at the opening. recovering to a smaller lost by midday, then settling down nearly 600 points. here to discuss what's moving the market, what to do if you are looking at our 41k, shaking your held, joins us now jill schlessinger up in new york, good morning, the big question peo

despite the initial windfall that iran will get from the relaxation of sanctions it is, like most petro states, dysfunctional. the imf estimates that iran needs prices to be at almost $100 a barrel to balance its budget. so in the medium term it will face pressures just like the others. many american experts and commentators have hoped for low oil prices as a way to deprive unsavory regimes around the globe of easy money. well, now it's happening, but at a speed that might produce enormous turmoil and uncertainty in an already anxious world. for more go to cnn.com/fareed and read my washington post column this week. and let's get started. ♪ >>> last week the outgoing army chief of staff general ray odierno told reporters that russia was the most dangerous threat that the united states faced because of the trouble moscow was causing in ukraine. that trouble has been, by all reports, ins tentensifying in r weeks. odierno closed by saying we should pay a lot of attention to russia and its actions there. that's what we'll do today. my two guests dealt with russia politically and militarily.