walmart can be the proverbial ben franklin ambassador between the prc and the us government to come upthe tariffs, because walmart, with operations from the prc and worldwide, is even more influential than amazon or any countries serving the consumer anywhere in the world. the trump administration‘s decision to delay new duties on some chinese imports is good news for retailers like walmart. it means the all—important holiday shopping season won‘t take a hit. it also gives the company a little more incentive to play the role of mediator. in other news, argentina‘s president has announced a series of economic measures days after a defeat at the polls triggered turmoil in the country‘s financial markets. in a televised speech, he unveiled income tax cuts, increases in welfare subsidies, and said petrol prices will be frozen for 90 days. the owner of the office space company we work, has published financial state m e nts work, has published financial statements for the first time ahead of its stock market launch. documents filed with regulators reveal that the company burned through $900

walmart can be the proverbial ben franklin ambassador between the prc and the us government to come uptive, cooperative resolution on the tariffs because walmart with operations from the prc and worldwide is even more influential than amazon or any companies serving the consumer anywhere in the world. the trump administration's decision to delay new duties on some chinese imports is good news for retailers like walmart. it means the all—important like walmart. it means the all—importa nt holiday like walmart. it means the all—important holiday shopping season all—important holiday shopping season won't take a hit and it also gives the company just season won't take a hit and it also gives the companyjust a little more incentive to play the role of mediator. samira hussain, bbc news, new jersey. christian polman from marketing specialists ebiquityjoins us now. let's ta ke let's take a look little bit deeper. good morning good to see you. you we re good morning good to see you. you were listening to all of that. as far as these two enormous retailers are concerned, today when they releas

i'm aghast that we trust the prc more than we trust the white house.hat there has been precedent for why you would get to that point. lindsey graham who at this point i don't know what -- he became a lion of the saying, he's, like, yeah, i heard what he said, he said -- don't you understand bluster yet? haven't you seen this guy in action for the past two and a half years where you just -- he's not going to forbid everyone to ever go into china, but he was mad, when they did the tariffs on friday, that set him off, right >> who is he >> what's that >> who the hell is he? what does he matter? i know he's a senator, 100 of them, feel bad but what matters to meis you can trade the futures all day long betting the president is a lie, but the futures are up. i don't really care. >> all right >> by the way, i want to reiterate again if we start to trust the prc and distrust our president, that's fine but i would like to have some evidence that the prc tells the truth. some evidence since '47 that the prc tells the truth. >> right then where do we go? either

are we neglige-- are we negotia with prc or is this when james bond said do you expect me to talk and he said no, mr. bond, i expect to you die. the free traders in the white house expect them to talk. larry kudlow came on this morning, "squawk on the street" and predicted productive talks in the september after the 10% tariffs go into effect but the hardliners on the other hand, they want to fundamentally restructure the whole economy so they stop stealing american intellectual property and open their markets to the foreign competition. the free traders act like it is all about commerce and the hardliners make you feel like we're in a new cold war and in reality, you know what, one reason i don't want to say i'm sanguine but okay because there is a middle ground but to get there the chinese government needs to make major concessions they've been unwilling to do. at moment china doesn't want to go there but eventually they might have to that is why i'm more sanguine about the trade war than most talking heads you hear from every day. why? because commune -- communist china has embrace

twitter is banned in the prc, but they did say that these accounts were accessed using vpns there wereome specific ip addresses that originated in mainland china that were able to use twitter, but they are disclosing at least 936 accounts state-backed operation to undermine the protesters in hong kong melissa, back to you >> thank you >> let's get to mike santoli for trading nation mike >> melissa, thank you very much. geopolitical tensions in saudi arabia sending oil spiking today, and fueling a major rally for energy stocks. so after getting hit hard in last week's selloff, is the tide turning for the worst performing s&p 500 sector this year matt milley and gina sanchez are your trading nation team today matt, you know, we have had some false starts in this area before it's looked like the energy sector was pretty washed out to the down side, maybe they bounce, and then went to new lows how does it set up right now >> well, the setup is interesting because we're getting to this time of year where you get the last three or four months of the year that any time an underperforming grou

>> there is a -- i can confirm alarm about possible military intervention by the prc.hould also remark that where this pro-police rally is taking place is located right next to the hong kong of the people's liberation army, which has been based here since the handover in 1997, but they have been very low key in regards to their presence in the territory. 6,000 soldiers are based here. people are aware of the video, the scenes from across the border. they're aware of the propaganda video that's been circulating showing armed chinese police simulating riot tactics in a hong kong like landscape, but they are here to express their support for hong kong police. and that is their message here today. >> kristie lu stout by phone with us at this pro-police demonstration in hong kong. we'll keep in touch with you and follow you and or other correspondents that are there. >>> greenland has a message for the u.s. president. that message, the island is open for business but it is not for sale. the government is responding to reports that mr. trump has talked about buying the danis

>> sure prc. >> because we have a challenge right here, that challenge is to get you over to thehone and help us earn this extra $1,000 thanks to is anonymous member of kqed's leadership circle. they are challenging us, they will double your gift of suppord e will send you all the elements in this package if you an get on board right now. just take a look at this. >> pbs isere you can find the latest science and information that youan use, and it's all made possible because of your ongoing financial support. become a sustainer at $6 a month or make an annual contribution at $72,nd we'll thank you with a dvd of the program "brain secrets with dr. michael meenich." all the secretsand insight, plus additional content that you can't get anywhere else. or unlock your brain secrets by becoming a sustainer at $15 a month or make anannual contribution of $180, and we'll thank you with the breakthroughs in brain science collection. this integrated and complete collection includes the program dvd, as well as six other ground-breaking programs featuring dr. merzenich and scientists from arnd th

week at the heritage foundation we have an interesting panel talking about the 5d networks and how prc that have that states connection and how they pose a threat. one more thing the panelist mentioned, there is evidence that huawei might've violated some of the sanctions in north korea which of true which show egregious intertwined of economic and military threats. >> other than news reports, that a been out there, i don't know. >> i don't know either. one thing i would say, things like breaking economic tensions are already within the system that we have organizations in place and tracking monitors and prosecute them. i think what is lacking again is when they become more sophisticated than that. and strategic actions that don't quaintly break ascension to provide a threat and how do we ensure they were able to respond which often slip through the crooks because intelligence analysts and others who are charged don't realize they are able to put the pieces together. >> to anthony's point, what is in the toolkit of economic state, we often just think about sanctions. but this can work

we were part of a unit called prc.17th it was a world war ii unit that fought in italy. it is a largely forgotten and overshadowed unit of the war because it was a smaller unit of about 2500 been throughout the war. inare representing them 1944. it was at the south of france dear the italian border. that came from the operation campaign and invasion of southern france in august 1944. the forgotten invasion, overshadowed by operation overlord, the famous normandy operation. both were designed to take place simultaneously. they were codenamed hammer and anvil. ofortunately due to lack aircraft, it was not able to have both operations at the same time and normandy was deemed more important and we know from history what happened there. the southern operation was delayed until august 1944. that originally took place on august 15, 1944. >> troops begin to scramble up the beach. they were prepared for an enemy onslaught but not a single german soldier appears, nothing sort overhead. mine detector squads clear the roads to permit our tanks to travel on their way. 517th had a uni

the is one month before 70th anniversary on october 1, the founding of the prc.ests and violence september 1, he alluded to the fact that it could be intervention from beijing. they are not going to tolerate any protests, especially violent ones, on its soil, which hong kong is, in the run-up to the anniversary. again, a lot of fears about the amassing of troops on the border. that has always been a threat to hong kong. whether the threat turns into reality, that's why this politician and others are saying this is a critical time right now. the more violent aspects of the protests are also restraining themselves a little bit. lull that could turn violent again, and now is perhaps a time for the government of hong kong to address those main concerns. shery: thank you so much for the latest on the ongoing protests in hong kong. oil search is looking for progress in pop in new guinea. it has been in limbo since a new government came into power, h-shares falling 18% since april on the risk of delays and political uncertainty. the managing director tells us when he se

the heritage foundation, they had an interesting panel talking about our budding 5g networks and how prc companies like huawei that have the state corporate connection, how they pose a threat to the 5g networks. one more nugget that the panelists mentioned was that huawei might have violated some of the sanctions with north korea, which would be an egregious intertwining of economic and military threats. i was wondering if you had any more details about what specific violations, or what huawei may have violated these sanctions. thank you. nadia: other than news reports that have been out there, i don't know. anthony: yeah, i don't know either. one thing i would say is things like breaking economic sanctions are already within the system in that we have organizations in place in order to track and monitor these things and prosecute them. i think what is lacking again is when they become more sophisticated than that. strategic actions by countries that do not blatantly break a sanction but otherwise provide a threat. how do we ensure that we are able to respond to those the -- which often

. >> i'm aghast that we trust the prc more than we trust the white house. >> laura: i love joe kern. he was making a point with a laugh there but it's a serious one. never forget what you think about trump style or tweets, whatever it is. look at the results. we have yellow best protests in france, we have the ongoing brexit drama, we have italy's government in complete chaos meltdown. germany headed already into a recession. europe is in chaos and yet the e.u.'s attempt at managing democratic socialism, we see it has failed miserably. now remember that obama, the darling of the media elites, he tried his best to push a european style agenda here in the united states and that worked out so well that he ended up turning over the white house to donald trump. people don't want any part of it. the democrats and they are marketing this madness to our youth. zero growth, and it destroyed and demoralized middle-class. that somehow the media will again miss the real story. and that's the angle. here now to help us make sense of the overwrought shrinking we have heard from the media over just

you do not have any gauge chinese leadership because of the prc anniversary in october.was always going to be a longer, more drawnout negotiation. nothing was going to happen in august beyond talks about the agricultural bias to buy off the president's attention and dealing with huawei. the fact that nothing happened should not have been a surprise to anybody. that's why i think the first reporting from this was that it was constructive because there were no expectations. i think the reality plus some other things fit into the picture and the president got upset. >> reality taking hold and this shattering an already fragile trade truce between the u.s. and china. what had a response are you went to dissipate them from beijing? >> chinese leaders are basically en route to their leadership retreat, so they are probably not going to react very quickly. they are about to a symbol and have a more drawnout time to be them to figure out how to come back on this. it's very easy to say this is the last straw, the chinese are going to walk away, but at the same time, this could ge

have see intervention, we forces celebrating the anniversary of the prc, forces and shenzhen lined up, if we have any overt reaction, i think all bets are off. the white house insists the hong kong issue and the trade issue are separate. damian: they can insist all they want to but this is a strategic decision. that airport closing down, that's 5% of china gdp. ramifications, the ancillary impact to global markets can't be denied. look at huawei. look at some of the other things that have been tallied about between the trump administration and china over the last year. theie: do we know if heads of companies have been speaking to the administration i law -- administration at all? we know lobbying has been going on. is it possible something got through to the president of the united states? shawn: that's entirely possible. companies have been working very hard to try to get their products off this list. i was visiting a company yesterday in pennsylvania that has been lobbying hard, hired some washington lawyers to do that work. it's not just the big companies doing this. we had hearing

on the 70th anniversary of the prc, their big armed forces moving around, as well as all the police lined up. if we see an overt intervention into hong kong on the part of the mainland, that would be -- systems, ittry, two all goes out the door. you would expect to see outrage in the u.s. and abroad if that were to come to fruition. david: we are watching pictures out of the hong kong airport. a lot of chaos for the last few hours, at least what we can see from the outside. to what extent is this material to beijing as opposed to a pr problem? damian: in terms of market perception and nationalism, and from an economic perspective there is no -- the hong kong airport is 5% of hong kong's gdp. it is the largest hub for cargo traffic on the planet. just on the health of the economy in the mainland, the effect is not to be denied. david: 5% of gdp for china. many thanks to damian sassower and peggy collins in washington. developing is the situation in hong kong. elyse went into the airport. we go to bloomberg markets asia anchor yvonne man. are you still in the airport or are you say? yvonne:

the prc even enforced a one child policy. senator sanders, you know about that, by physically dragging women to abortionists. and people say, well, trump has said some nice things about china, too, but that was in the midst of trade negotiations. but, bernie sanders, he wanted went a telling step further ande poverty. of course, he left out that it was largely through a brazen 20 year stretch of cheating on trade. and stealing our intellectual property. but it really shouldn't be all that surprising, i guess, that bernie has a soft spot for the chinese thug. socialism ultimately leads to more power for the state. and less power for you and your family. from what type of car you will drive toto where you set your thermostat and how you will even be allowed you to defend yourself. heck, if they have their way, they would penalize you for having too many children. and wasn't bernie the guy who honeymooned in the soviet union and even praised breadline? >> sometimes the american journalist, people lining up for food. that is a go

8%, many seem to forget but back then the why nie - chinese market was dominant and they fretted the prc could collapse from too much leverage and too little liquidity somehow i find myself on air at all the right times to witness these vents. it had been an ugly day as a fed official late in the afternoon had suggested it was time to raise rates despite the chinese sell off it was an aggressive statement that dem strike thonstrated a cr attitude towards the market's mood on monday, august 24th we heard there were very large orders and places for major stocks. we weren't ready, though, for the gap that we saw. where big capization stocks were shedding hundreds of billions of dollars of value with many with 20% down like the crash of '87, it was tough to tell what the real prices were, the confusion was that horrific. the fog of war the fog of trading the dow tallied a decline of 1,000 points when the smoke cleared at 10:00 i haand my partners were stymied at the time. i remember turning to david to chat in the midst, his reaction priceless. >> the dow is down 1,000 points. and the losses

don't want to sign an agreement that doesn't look great right in front of the 70th anniversary of the prce are reasons you are not going to get something really short-term. i think you also have to look at it from china's perspective. they benefit from just stalling and waiting and going through the elections to see if trump wins again and if they have to continue to deal with him. i think the most likely scenario is we probably don't see anything happening, you see a lot of stalling for the next six, nine months. jackie: okay. and you know, it's when people don't want certain stocks that typically is the best time to get in them. you are standing by chinese equities and citing that as one reason why, but it's hard to, you know, a hard pill to swallow when people are worried and nervous about the region. what's also interesting, though, is china at 11 times earnings is a one of the cheapest markets in the world right now. make the case for me on why we should be bullish on china. >> first of all, i'm not sure you should be bullish on china broadly. admittedly, it's really cheap, 11 times

, and nearly have the government in beijing wanting people in hong kong to feel that they are loyal prceople in hong kong just don't feel that. that suggest a kind of very fine mental problem that makes it difficult to see with the resolution is —— kind of a very fundamental problem. you've got a hong kong that view, you are — your —— your chinese identity predates the party. how on earth is a go to be possible to resolve this? this is not going to be easy to be resolved, and it's the sort of thing that, if both sides are being very rational about it, you can kind of agree to disagree, because both our knowledge and that there is a shared chinese identity, even though the meaning of being chinese is understood differently. that is, most people in hong kong are not advocating or protesting for an independent hong kong. they're quite happy for hong kong. they're quite happy for hong kong to be a special administrator region of china. they just want to a special administrator region of china. theyjust want to have a high degree of fight -- high —— high degree of autonomy. -- high degree of

they do too much business in the prc. might be a natural target for retaliation. j. powell, our clever fed chief, had great intuition about these tariffs. can you imagine how bad today would have been if powell hadn't can you tell us that quarter point break? plus he's got a lot more ammo. don't listen to people who say he doesn't they're wrong. i think after an initial stumble powell is doing a great job. the president and others say he's not a great communicator, give him a break the time to hit him is when he was wrong, not when he's right i believe the president was right to crackdown on china. i've been making the argument for decades. i used to say the same thing when i worked with larry kudlow who was a great free trader back then he's now the president's chief economic advisor on a show we had kudlow and cramer. i recognized how china targeted and destroyed so many american industries i've been passionate about it for decades. however, i have always accepted this kind of move would hurt the stock market at least in the short run. i'm not for higher stock mark

the first of october the 70th anniversary of the prc closing in. that the remain stronger until then? and what happens after october 1? >> the question is at what level would the yuan stabilize ahead of the long golden week holiday. . we are still in late august. there still scope for the yuan to weaken before we head into that. of stability ahead of the first of october. in this regard, i believe we are probably in a new hire trading range, looking at potentially heading toward the 720 level mark in the near term. perhaps that is the level where we could see some stabilization. of course a lot will depend on how things progress between the u.s. and china, whether received further escalation or some de-escalation which is still possible. sentiment, itrket is certainly very negative. i think we will see further bouts of risk off and with downside risk to growth growing, i think that will be spill away effects into other asian currencies. shery: we are already seeing that in the south korean won. the minister -- the finance minister say they will nee

that's what the prc and beijing are saying, these are just military rehearsals as has been indicateda. maybe that timing is a little bit too convenient, given that we are in the 11th week of protests here in hong kong and even president trump himself has been tweeting saying that u.s. intelligence suggests there might be a chinese troop buildup in shenzhen just across the border here to hong kong. we also had a stern warning from the chinese ambassador in the uk as well. take a listen. >> due to the situation in hong kong deteriorating further into unrest, the central government would not sit on its hands and watch. susan: okay. so basically, i have been asking people are you concerned about a possible maybe military intervention and tanks rolling in from beijing here to hong kong. i would say that most people still think that possibility is probably remote, not even above 50%, but you can't ignore it. however, is that deteriorating and is that deterring the protesters, no, because we still have big protests and marches planned for this weekend as well. they have one being called for

in most of all, it's economical and the prc identified it as likely never will be. >> doctor wagner wouldmment to that. i would like to comment that we don't currently recycle because it's not economical. one of the many benefits talked about with respect to consolidated storage is whether in time it becomes economical with this growth or other technologies for waste disposal or designs come into play. a consolidated and storage facility allows you to make progress to move forward on this issue, while some of those other things may or may not come to be other options for material. >> we just had a vote start. i'd like to allow my colleagues an opportunity for a last word if they would like. senator cortez meso. >> yes, i do. thank you for being here and the argument that you make the same arguments i have heard from the last 30 years. they make one argument that talks about yucca mountain being utilized to learn from the science in this way it should move forward. i think we should learn from the science of yucca mountain because there are no national barriers or man-made barriers and mak

slowing, the consumer economy is holding up and if you decide you want to trade off tweets, off the prc, off phone calls, off no phone calls, you're just doing exactly the opposite of what investing is that's just a way to -- that's buy high, sell low i think what we have to do is step back and just say, we don't know what is going to happen we know that the president is determined to make it so that the chinese have a weakened economy and our companies move out. that's his determination whether there is talks or not. that's what he wants i think you have to take him seriously and be careful if you own the companies that have a lot of exposure. have to accept the fact they have a lot of exposure numbers come down. you have to accept the fact if you're related to manufacturing, because of all of the turmoil moving to indonesia, moving to malaysia, it may not be safe to move to vietnam, so give it up, own what you can, accept the fact there is volatility but don't think you can play the volatility. >> does that also mean that at least based on the conversations i've had and that money is