not much help for the shanghai. down with the rest of the global equity markets. the hang seng off 0.4%. & s&p asx down 0.1%. the aussie today stronger, had some strong housing data out of australia which suggests it will be less reasons for any rate cuts from the rba in the future. now, u.s. futures, the dow was down, what, 51 points yesterday,

. >> reporter: the average cost of a grave site in shanghai is about $8,000. that's about twice what the average city residente earns ina year. in beijing, some grave sites now cost as much as $300,000. >> translator: available land is limited. cemetery prices are way beyond my reach. >> translator: home is expens e expensive. graves are even more expensive. >> reporter: concern has spread among cemetery operators. members of a countrywide association controlled by the state. >> translator: 9 million people die in china every year. preparing graves for each of them is quite a challenge. >> reporter: he lives in shanghai. he buried the remains of his father-in-law last year. >> reporter: he bought burial rights here for $150. far cheaper than an ordinary grave. he was allocated a plot measuring 30 square centimeters under this flower bed. his father-in-law died five years ago. he couldn't afford a grave so he -- remains at the crematorium. >> translator: before he died, he told me to throw away his bones, but who can do that? >> reporter: the remains of six oth

the shanghai free trade zone is the one to keep an eye on, economists say. the government would like to see shanghai. >> it is too early to tell. over 600 u.s. firms expressed interest in doing business in hong kong. >> it is about innovation. hong kong needs to keep innovating and reinventing itself. >> one of those is global professional network. they recently opened an office in hong kong as it considers the city and the mainland as fast- growing markets with a total of 3 million members so far. >> it will become a stronger competitor as the gateway into china. if hong kong manages this well, it should continue to be able to benefit from china's overall rise. >> it depends on beijing implements rules and policies. only then will investors see whether they are likely to be the game changer. >> china's economy has been the envy of the world thanks to its rapid growth, but it has come as a high price. villages are popping up in some areas highlighting the human cost of economic progress. our correspondent has the report from a polluted village. >> a time of

ambassador, hosted us a reception before we boarded the high speed rail to shanghai, it was quite an experience, it was going over 200 miles an hour and we arrived in four hours and we did for the feel one bump. it was smooth sailing all the way, which is really nice. and there was an investment and development form, where delegates and privates expressed the opportunities involving both san francisco and shanghai. jennifer mats was on the panel and did a great job discussing the water front projects development projects and opportunities. and chinaship and company and (inaudible) executives hosted a nice dinner for the delegation and since merely had not arrived yet, i had the opportunity to give it on his behave and promote our wonderful water front and i think that everybody wants to come and visit. >> and the mayor and the delegation, met with shanghai metro executives between bart and shanghai metro, committing to a new era of engagement and their metro systems carries 8 million passengers a day so we can learn the best practices and they don't believe in striking. we have sever

an interesting case is eleven times larger than it is on the shanghai ph section it's heat but having said that volumes have started dropping on the shanghai fish exchange slowly taking that volume away but the back of this report we have the shanghai gold exchange the future exchange i've set and also the role of the commercial banks and the reason we looked at all of these is because in the last moral lesson one hundred years china has done a basically a complete turnaround on how they're approaching gold and how people buy gold the gold price mining gold and you know in the one nine hundred thirty s. china was so the hub in asia for buying gold then there was this clampdown people weren't able to buy gold there was also an issue of buying silver the metals were supplied judah's in order to buy it and then from about nine hundred eighty we've seen this very very very slowly taking off the sofa off the clutch and letting letting people get more involved in the gold market in china you know but this isn't bayside it's this is supply and demand you know so mining within the country has

an interesting case is eleven times larger than it is on the shanghai it's hege but having said that volumes have started dropping on. exchanges slowly taking that volume away but the back of this report we had the shanghai gold exchange the feast exchange on set and also the role of the commercial banks and the reason we looked at all of these is because in the last more lesson one hundred years china has done a basically a complete turnaround on how they're approaching gold and how people buy gold the gold price mining gold and you know in the one nine hundred thirty s. china was so the hub in asia for buying gold then there was this clampdown people weren't able to buy gold there was also an issue with buying silver the metals were supplied judah's in order to buy it and then from about nine hundred eighty we've seen this very very very slowly taking off the sofa off the clutch and letting people get more involved in the gold market in china you know but this isn't based sites this is supply and demand you know so mining within the country has gone from four tonnes and this year i

now looks like the system has completely gone so sunny skies acould say shanghai. that will continue next several days. in the southern part, we're seeing quite heavy rain continuing across the person parts of the indough china peninsula due to the lingering system. temperatures are warm than average in many places such as beijing, tokyo. some areas only 6 with snow in the forecast on your wednesday. across the americas, i want to focus on this low pressure system. it's not doing too badly at this moment. as we go to wednesday, the system will sag towards the south. very cold air ushering in cau causicaus causicaus causing snowfall. as we go to wednesday night, more snowy conditions across colorado regions. lots of snow across this area starting wednesday night. dry weather for the center of the u.s. a slow moving system is creeping over the eastern coast as we go into the several days. minor flooding and beach erosion in the section several days. watch out for that. temperatures mild, chilly for this time of year. 18 in los angeles. that's 15 degrees difference co

linda, we're being shanghaied! shanghaied? ooh! ancient chinese vacation! yay! yahoo! boobies! nothing. today we honor a phone call between mr. and mrs. lewis. where are you? i'm by the dvds. i'm by the candles. i think i see you. nope. wasn't you. now i'm by the tools. on my way. 'kay, i'm here. now i'm by the linens. [ male announcer ] in honor of all the important things you do on the new sprint network, we bring you one up. upgrade to a new phone every year and get unlimited talk, text and data now just $65 a month. (whimpers) all right, steady as she goes, bob. i wouldn't call a ten-day, all-expense-paid cruise "being shanghaied." but you can't force my family to be on this crazy boat for ten days. oh, come on, bobby. it's a vacation. you deserve it. we all do. stop fighting it. this isn't a vacation, linda, it's a kidnapping. this is a slave ship. you're disoriented, bob. it happens to some people when they're at sea. you'll adjust once you let yourself relax. yeah, bob. give in. we're not missing anything at home. hey, bob, it's demetri. i'm gonna leave your meat outside

the game in shanghai we shared the basketball. heyman and played well.ught it was a great experience overall. some >> gary: known one would know if you did not want to go. >> gary: when you are getting ready for a year but that is my educated guess. i cannot prove it. i just know that someone said it to me. >> catherine: you want to go to shanghai (laughter) >> gary: if i stay here and i know that i am on top of the situation. >> gary: i funds thing right here at kron. i am staying right here >> gary: ddger manager don mattingly indicated today he's not sure if he will be back as manager despite having one year remaining on his contract. >> gary: jim leyland is stepping down as manager of the detroit tigers after 8 seasons in detroit annoucing the move two days after the tigers were eliminated from the alcs by boston in six games. leyland led detroit to the world series twice and the tigers have won the last three a.l. central titles. was 700-597 with the tigers he's also managed thepittsburgh pirates, florida marlins and colorado rockies. he won the wor

. >> he lived in shanghai. he buried the remains of his father in law last year. >> he bought burial for $150. far cheaper than an ordinary grave. he was allocated a plot measuring 30 square cent meters on the flower bed. his father in law died five years ago. joe couldn't afford a grave. so he placed the remains at the crematorium. >> translator: before he died, he told mow to throw away his bones. who can do that? >> the remains of six other families are buried under the same flower bed. after ten years, the ashes of other people will also be placed here. the central government takes an issue here. it's been calling on people to spread the ashes of their loved ones in the field. this is a ceremony of ocean burial of china's north eastern city. it is nearly 100 people. >> translator: i'm time to bid farewell to a loved one and it's also times like this. >> the containers hold the ashes and these cost around $190. the goal government pays if are it. to promote a barrier, authority builds the facility. it shows

. >>> city officials in shanghai are trying to make neighborhoods there more green. they're making some areas more attractive. and as they do, they're creating new business opportunities. nhk world has more. >> reporter: birds live here. this is the rooftop of a waste disposal plant. this is top of shopping center. students grow vegetables on top of a junior high school. shanghai promotes green areas like this. the city paid half the cost of greening a rooftop. more people have become more aware of the environment. the trend is good for some businesses. he runs this construction company. he's promoting a condo. he covers the roof and other areas. it makes city residents feel as if they are in the countryside. there is even greenery inside. he thinks the condo units will sell for 20% higher than the normal price. >> translator: this condominium is ecofriendly and comfortable to live in. it allows residents to enjoy greenery at home. my company wants to construct high-grade buildings. >> reporter: laust month, mo wa invited to a government-sponsored convention about gr

here you can see parts of shanghai as they were in the 1930s.s also a tourist attraction. >> what is special is that the founder of the group invested a lot of money in the late 1990s in this place and he waived the fees for directors and drama television makers to make films there. instead he makes money from tourists. >> if you look at his project 15 years ago, this guy is crazy. to come up with a plan, i want to build hollywood from scratch. right now he has the economy of skill because he ha can attracte most groups. >> one of china's middl most prt female film directors, decisions revenge". >> in tw 2000 i moved to the u.. an after i graduated i moved to los angeles for a couple of years. i had this dream. every film maker's dream, i wanted to be a hollywood director one day. i got some cows from china. ther i got some calls from chin. chinese producers called me to come back and make a chinese feature. by then there is not a suc successful romantic comedy. in comie china the genre is stil young. sometimes they mix it up and they don't know

we will get the details from shanghai. >> welcome back to "biz asia america."hina's big banks reported slowing profits and bad loans also improved. for more details, we go to shanghai. hello. >> hi, phil. it's actually not too bad. if we look at the numbers, the banks earnings rose between 7% and 14% in the third quarter. that means those banks are still among the most profitable in the world. the thing is, as china slows, so do the big banks. especially after china moves to free interest rates, that is really affecting those big banks and their lending margins, which is their main source of revenue. there is simply more competition from private banks. that means those big banks will have to diversify to expand overseas and also to sell more financial products. in terms of bad loans, the consensus view is high, but the number improved comics up for the bank of china. it is the smaller banks with the bigger problem of debt. all of the banks are waiting for more interest rate reforms from next month's policy meeting. >> this policy meeting, the markets seem to li

this line of clouds across towards shanghai and joins us up with this area. that is going to be the outer bands of our storm over the next couple of days. we go on through friday, and bright and dry there for much of fry. japan not doing too bad. that's the case for the korean peninsula. as it goes up towards shanghai on saturday, we will see increasing amounts of rain, some very heavy rainfall and flooding is certainly a possibility into that eastern side of japan as we go on through saturday. to the south much of china looks good for the time being. increasing clouds spill into the far east of taiwan. as we go into parts of taiwan, they could see wetter weather as a typhoon makes it up northward towards shanghai. ahead of that rain, it's fine and dry. hong kong is looking good at 30 degrees. >> thank you. >>> for seven weeks egypt's national rail network has been at a standstill. that's forced hundreds of thousands of commuters onto already clogged roads and stalled any hope of an economic recovery. in cairo our correspondent has this report. >> reporter: a

shanghai promotes green areas like this. they want to banish the city's ima image. more people have be become more aware of the environment. the trend is good for some businesses. this man who runs this construction company, he's promoting a condo. greenery on the roof and other areas. it makes city residents feel like they are in the countryside. there is even greenery inside. most think the condo units will sell higher than the normal price. >> translator: this condominium is eco-friendly and comfortable to live in. it allows residents to enjoy greenery at home. my company wants to construct high-grade buildings. >> reporter: last month they were invited to a convention about green. he was awarded the prize for his buildings. >> translator: we are shifting from the economy-first policy and aiming to balance development and environmental protection. pushing for rooftop greenery will help make china more beautiful. >> reporter: the temperature should be at 20 degrees celsius. in summer the temperature could rise to almost 40 degrees. so the company uses these for ai

so coming through the shanghai area, and in towards north korea. so you're going to be dealing with the storm after sunday, into monday. we have not only one, but two storms to talk about. we have a new tropical storm today, heading in almost exactly the same path as this last storm. but it isn't expected to be as powerful. that's certainly good news. however, after feto has done its damage and moved through, we really don't want to be seeing any more heavy rain so soon after. but this storm is the one we'll be watching the beginning of next week. things are looking pretty dry in the north of the region. there will be showers here in tokyo, 21 degrees for the high. meanwhile, bright sunshine and temperatures not too bad either in seoul, beijing, shanghai. you're going to be seeing cloudy skies, but staying dry, and a nice day in hong kong. 30 degrees and sunny. on into the americas. tropical storm here, too. let's go to karen in the gulf of mexico. heading now towards the gulf coast, it looks like it's going to be coming quite close to louisiana co

tied at theieve is shanghai masters, one of the four final -- the lead is tied at the shanghai masters one of the four final tournaments. leads withera-bello luke guthrie, who earlier had the sole lead in the competition. that was a nice way to finish the show. we have more sports and more news at the top of the hour. >> a classic convertible is one of the best ways to see the sights of havana. out what's new in cuba, on island that is famed for not having changed much in 50 years -- an island that is famed for not having changed much in 50 years. these people are selling houses. the reforms made by the president have made it possible. sailing is now easy, this man says -- selling is now easy, this woman says. >> if one of you germans wants to buy my house, you should come, this woman says. ♪ 8:00 a.m., when it is only 30 degrees celsius, is the best time to work out on the caribbean island. she trains three times a week in this havana suburb. she and her friend share a passion for sports and have a shared dream. >> i'm hoping to get a visa to the u.s. so i can finally travel. i have f

it could become very strong and very stormy conditions to shanghai early next week and drenching amounts of rainfall across the regions with gusts up to about 126 miles an hour in okinawa as well as waves up to about 6 meters high. by saturday, reaching up to nine meters so watch out in you're in this vicinity. we see a lot of rainfall across the philippines as well as the indochina peninsula and where more than a million people have been affected in the past few weeks. now, we had that former root of that pass over these countries and it's now gone but it has been affecting these areas, saturating the land and the ground is very well loose. we don't have any warnings in if northern thailand but for now, which is good news, but it's going to be a very short break with moisture surging from the sea, again, vietnam will see very heavy rain. we're tracking another storm system over the pacific water. this will be affecting the mariana islands as the tropical storm status into the next 24 hours. showers will be lingering across the region morning and evening hours. let's see some showers but

. >> thousands crowded the opening of fast retail companies flagship store in central shanghai on monday. the six-story building covers about 8,000 square meters. that's far bigger than the company's next largest store in tokyo. about 1,000 mannequins showcased the brand's lineup. >> translator: middle-aged people are getting more fashionable. i'm looking forward to a broader lineup for our generation. >> there are 225 uniqlo outlets in china. in the coming years the company plans to open between 80 and 100 new stores annually in the country. >>> publishing executives in tokyo have announced a plan to capitalize on a booming interest in japanese pop culture across southeast asia. they've set up a subsidiary in singapore to market comics and animation. shogakukan is the first major japanese publisher to launch a wholly owned subsidiary in the region. the company plans to sell educational books for children and market its manga characters. the cartoon cat doraemon is already a hit in singapore. japanese content providers see southeast asia as a way to overcome sluggish domestic sales. japa

. >>> and they are in a debacle to find the shanghai masters. find out if he prevailed. more on that in sports. ♪ >>> welcome back you are watching al jazeera. a quick reminder of our top stories here. begun megunmen in syria have abd six red cross workers. they were returning from d dasmascus from a mission in england. they are demanding their immediate release. >>> eighty people have been killed in a stampede in a temple in central india. pilgrims were gathering for a remission ufor areligious salva. >>> a youth leader has launched his own youth movement for the launch of the economic freedom fighters party in africa. >>> we are getting reports of two suicide bomber attacks in the syrian capital of d dasmasc. they believe the bombs were targeting state tv headquarters. no casualty have been reported so far. we'll bring you more as it comes to us in al jazeera. >>> some of the worst abuses if syria are happening in government detention facilities. that is a warning from a human rights watch. intimidation and torture have been standard operating procedure in syrian priso

. >> reporter: city authorities in shanghai held a job fair in june. it was targeted at university students who graduated this summer. they are trying to land jobs amid their worst hiring slump ever. evenn shanghai, china's economic center, more than one out of every ten students has not found a job before graduation. >> translator: there are so many students in china. it's tough to find a job. >> reporter: one reason, the number of university students. due to a government decision in the late 1990s, the number of university, as well as number of students, have been increasing. as a result, the amount of students rose more than eightfold. last year, 24 million chinese went to university. some students receive help with their job search. >> translator: please sign your name here. >> reporter: they cater to university students and the graduates who are looking for jobs. about ten people share a room. their first night is free. after that, they must pay. but the fee is low. a one-month stay costs only about $100. the hostil organizes job fairs with local

from shanghai, here's our correspondent. >> in just one province alone, the eastern province, according to official state media, more than 4 million people have been affected by the typhoon. in the coastal city, wind speeds of about 150 kilometers an hour brought down 1700 homes and destroyed 46,000 acres of farmland. his father says he suffered huge losses after his farms, containing 30,000 chickens, were blown over. they're all dead, he says, after being hit by the torrential rain. further inland, the flooding caused by that rain is the main problem and more rain is still expected. the army has been drafted in to help people trapped in their homes make it to safety. passengers had to be rescued from their stranded bus across the wider region travel and economic activity that have both been doubly affected. tens of thousands of boats have been called back into port. bullet train services are suspended in many flights delayed or canceled. this has been a reminder of anyone needed of the danger that typhoons can pose even toward the end of china's peak typhoon season and just two weeks a

leaders in shanghai say they're trying to cut their city's pm 2.5 pollution by 20% by the year 2017. they plan to order coal-powered boilers be shut down or converted to run on natural gas. more than 2,500 of those boilers operate at factories and other facilities across the city. leaders also say they'll crack down on vehicles that spew exhaust gases in excess of environmental safety standards. >>> wildfires raging in eastern australia have destroyed more than 100 houses and claimed their first victim. firefighters are trying to put down blazes in and around a national park about 80 kilometers west of sydney. temperatures over 30 degrees celsius sparked fires across the region. strong winds then spread the flames. >> the wind blowing a tree onto electricity lines, and this whole street went up, just like -- very, very quickly. it was terrible. >> officials with the fire service say a man died while trying to protect his home. they say temperatures will rise again over the weekend. so they're urging residents to stay on the alert. here is the three-day world weather forecast. >>> tha

and also in the shanghai cooperation organization which uniquely. comprises ideas member so as observers afghanistan and all its neighbors and there is a special program in beijing psycho place nobody's ation on fighting drug trafficking from afghanistan. the collective security threat they're going to zation is also engaged very close. it conducts regular deliberation called the intercept drug out of and so on the outer perimeter of the gun borders certainly it would be much more efficient not to fight the. symptoms but the fight the. root cause. which which is which involves destroying the drug production inside afghanistan. drug laboratories here in laboratories especially and we have been proposing as the collective security treaty organization to be made known as the big bono i sat there establish go pretty far engine and in real time. nato reports to us what kind of caravans are moving so that on the out that the remit of gun borders it would be easier to intercept them. nato. consistently for the last eight years i think he's avoiding enterin

our prime minister established shanghai on its own. my question is that -- in your opinion, what can you say about opportunities in china for the next five or ten years? thanks. >> i don't have the number on the top of my head. i wouldn't be surprised. investors making decisions are seeing opportunities in the whole of china. the reason i mentioned the shanghai initiative is i think it's one of the few to experiment -- that's the difficulties and give out what will happen in that free trade soon. the degree of freedom and the liberalization that is announced certainly entices investors to focus on that particular zone. i think the equally the monetary policy of the chinese monetary authorities were bringing the critics, to avoid the risk of boom and in the real estate sector is very, very welcome. thank you. >> please join me in thanking madam lagarde for spending her precious time with us today. don't forget, she's watching you from her window. so please study. thank you very much. >> on the next washington journal, we look at the cas

working all these shanghai based stocks. a and orient international, up 10% in today's trade. back to you. >> thanks for that. shares trading higher, second quarter profits earnings miss analysts. india's number two services did narrow its fiscal 2014 revenue guidance to the top of its earlier 6% to 10% range. we will get more with scshibulal at 10:45 cet. >>> some of europe's leading energy sources have called on energymaker toes reform the energy policy. geoff is at that conference and joins us now. geoff, how much pressure is there on europe particularly compared to the u.s. on energy costs? >> yeah. no, this is becoming a more and more important issue, ross. and we've had the ceos that represent something like 50% of the generating power for europe just hold a press event saying we need to be moving in a different direction on this energy policy. shale gas in the united states has been an important differentiator. it means that costs are coming down for u.s. industry, but they're fought really coming down here in europe. 17% hike in prices for consumers. 21% forestry and b

be the number one sign there's a property bubble in china, that there's den mere ro land now in shanghaige-scale properties you know there's a bubble in china. >> a raging bull in the real estate market in china. >> i would agree with it, especially given its in the bunds district the most expensive part of shanghai. >> french soccer club saying they will not play matches over the last weekend of november to protest the government's plan to implement a temporary 75% tax law on high earners. employees will have to pay on incomes above a million dollars per year. french president francois hollande says he's sticking with the plan. soccer players be dammed, sue. >> i just think it's incredibly punitive and given the popularity of soccer over there, you know these players are making well north of a million u.s. dollars a year and it's going to be interesting to see what kind of chilling effect that has. >> here's what's hilarious about this. not the players that will pay it. it's actually the taxes on the teams. so the team owners, the team owners here are getting the players to strike on th

so i think this sxang in hong kong bodes well for shanghai and the birth of shanghai bodes well for longongress. >>> still to come on the show, j. crew looks to conquer the uk and britain's top shop has its size on the retail space. as more stores set to open, should we be shaking in our booties? more when we come back. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. >>> a stagnant economy and a plunging rupee are two of the challenges facing the reserve bank of india. he was asked why he cut the overnight rate. >> when we announced the monetary policy, we said that we were going to get away from these exceptional liquidity measures. i feel that the interest

he stands just outside the elite eight-man field, but lost in the first round of the shanghai mastersday. hue wet crashed out in the cash against seppi. the italian will now face roger federerer in round 2. on monday raphael finally regained the world number 1 ranking. both players are in shanghai this week, and despite losing in the final in china on sunday, the return to the top is finally sinking in. >> it's something i never thought i would have a chance to be back over here in the number 1 spot. but the graces up ahead gave me that opportunity and enjoying that situation, knowing that something is just a number, but it is special to be back there, because that means that i -- that i -- that i am playing great. >> mentally i needed this trophy and this win against him on sunday, and i performed the best tennis, probably in last few months and at the right moment, so i got another level of confidence, in winning it back, and hopefully i can stay on the road. >>> to football now [ inaudible ] has been appointed as the new manager of english premier manager for sunderland. >>> ghana

the shaking was felt in shanghai and japan with no immediate >> the f.b.i.tate attorney general are meeting to discuss launching an elder abuse investigation against a castro valley nursing home being shut down. one pay meant is still -- one patient is still missing. >> six months after the boston marathon bombing, the red sox won the world series, first time in 10 years in game six at 6-1. there were a few minor incidents including an overturned car. >> other than fog around novato, it is clear. it will be clear with total sunshine in the afternoon and low-to-mid 70's inland and upper 60's to 60's around the bay and low-to-mid 60's at coast into san francisco. >> a look at the bay bridge toll plaza it is busy, 15 minutes gets you from the maze to the toll. fog could affect the commute but highway 15 is shut down because of a pg&e downed power poll. >> very cute. the pisapÑú #fç so before the first sneeze help protect with a spray before the first tissue help defend with a wipe. and help prevent with lysol to get 10x more protection with each hand wash and k

he is through to the quarter finals of the shanghai masters. spaniard rallies from 5-2 down in the second set. to beat argentina's carlos 6-1, 7-6. federer was knocked out in the third round, the former world number one claimed the second in a tie breaker but he recovers to take the mac in three sets. the swiss star still hopes he can end the season on a high. >> i could have done many things better, could have done many things worse, so just going to move along, i can still finish strong. i believe that, not much time left, but if i do qualify for london, that gives me an extra shot there, and i usually play well indoors so i hope this year will be one of those years again. >> the top seed and defender has entered. and he will be in the next round. one step closer to baseball's world series that qualified for the national league championship series the r a third strait year. >> and the curve ball hit deep to left field, goes back looming up and it is gone. >> the cardinals beat the pirates 6-1 in the decides game five. is first ever n.b.a. gam

not much help for the shanghai. down with the rest of the global equity markets. the hang seng off 0.4%. & s&p asx down 0.1%. the aussie today stronger, had some strong housing data out of australia which suggests it will be less reasons for any rate cuts from the rba in the future. now, u.s. futures, the dow was down, what, 51 points yesterday, the s&p down 8.7 points. right now, we are currently trading about three points below fair value. the nas tack at the moment, 30 points below fair value. take a look at the bond markets. did see treasury yields rise yesterday. treasury yields, 2.51%. we did see yield up 2.53%. as equities have declined today, yields have come down slightly, as well. on the currency markets, the dollar is worth a two-week high against a basket of currencies, moving away from that 11.3823 which is where we are at a two-year high a couple of weeks ago, as well. dollar/yen, 98.27. a program is coming and that's raised expectations of an announcement at next week's policy meeting. >> i feel it is, of course, august. a good thing to inform the m

how they're reacting, there we are, not a gleeful bounty, hong kong in barely positive territory, shanghai, just off a touch. wall street rallied on wednesday on the news that the deal was reached. the dow closing nearly 200 points, nearly 1.4%, the nasdaq gaining 1 and a quarter percent, the s&p, nearly a quarter of a%. >>> so how is this affecting the grid lock around the world? jeff mcallister, thank you for joining us. we have heard from china and even russia. we heard from our european countries and heads of global financial organizations saying washington essentially get your house in order. >> well, they're certainly right. this is not an edifying spectacle for anybody. this reminds me of the old churchhill quote, america can be counted on to do the right thing after it exhausted all the other measures. what is the message people take away from it? that in the end, sanity prevails, or is it that the american system is in a bad way and it is not really a world super power behaving the way it ought to? >> and so these countries were telling the u.s. essentially to try to find a way to

. >> right, from tokyo, to shanghai to -- >> and we'll go live to beijing, the largest holder of foreign debt in just a minute. [thinkin? the son picks up the check? [thinking] i'm still working. he's retired. i hope he's saving. i hope he saved enough. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. whether you're just starting your 401(k) or you are ready for retirement, we'll help you get there. (music plaheythroughout) guten morgen guess who? mr. mojito? ok it's got to be really fast, i've got one second hey no way wei hey, ca va? nudeq nuqdaq duch doch bolz stop calling me oh my god, no! how are they looking? we did it baby woohh oi ma yerp yerp moshi moshi, meow what?! ♪ could save you fifteen percent or more on car insurance. yep, everybody knows that. well, did you know the ancient pyramids were actually a mistake? uh-oh. geico. fifteen minutes could save you...well, you know. >>> all right, welcome back everyone as we continue our live coverage on cnn and cnn international, what happened in washington to

according to espn, he's back in china to promote the company's new workout line in shanghai. >> i thinkhe hardest thing about this, attempting to learn mandarin again. >> reporter: do you understand the words that are coming out of my mouth? maybe he'll prepare by swimming in the yankee river or climbing the wall. no word when he will be back here to get ready for the real games in 2016. >>> at number two -- >> where's the beef? >> reporter: this is going vegan. >> the area gets excited about this new option. >> reporter: the mexican grill rolled out a new vegan menu today with grilled tofu as their protein source on their burritos and tacos. >> all right. thank you. vegetarians and vegans are always looking for new options. they know we're always looking for fresh and healthy alternatives. >> the only word -- [inaudible] >> reporter: this man loves his restaurant as much as he loves life. with his passing over the weekend, we thought we would honor him with creating the ultimate menu starting with breakfast and eddie's first restaurant, the bagel place, a grilled egg bagel with egg and

it happened just outside of shanghai. the fire broke out in the engine room on a ship loaded with logs. the flames spread quickly, but all 23 crew members were safe. >>> scientists working in antarctica say five years of research and millions of dollars could go down the train. >> the national science foundation is recalling staff from antarctica and suspending field research. they are furious about this latest move. this is all part of the government shutdown. it's not just this year's data which is in jeopardy. future missions cannot be planned either and organized with the uncertainty of the shutdown. >>> napa isn't just good for grapes, but pumpkins as well. >> you're looking at the half moon bay pumpkin weigh off. it tipped the scales at 1,985 pounds. a new record for half moon bay and just 47 pounds shy of the world record set this weekend by another napa grower in morgan hill. >> it's the only time i will ever do that in my life. >> what's your secret? >> if i told you, i wouldn't have a secret. >> many people thou

gael monfils has caused an upset at the shanghai masters coming through to beat the fifth seed roger federer. they went to a tiebreak in the second set. fedor was in trouble at 3-5 down -- federer wqas in -- federer was in trouble at 3-5 down. monfils clinched it in the third set. federer now uncertain of making the world tour finals in london. no problems for world number two novak djokovic against the unpredictable italian fabio fog nini. a powerful smash on break point putting the serb up in the first set. fognini did take a set from joke of it at the indian wells -- from djokovic at the indian wells masters. another two breaks in the second set completed the job. fognini was unable to make any impression on me serb -- on the serb. djokovic will take on monfils who has never beaten him in eight matches. >> today on the net azerbaijan's president was reelected for a third term. an american man's attempt at seduction starts a new viral craze. and random new yorkers given the opportunity to conduct a world- class orchestra. it came as no great surprise on wednesday when i azerbaijan'

economic downturn the find out one day the new york shanghai and the rest of life doing the case willbe every week on me. or not so i go to an octave camp on a motorway where patients are forced by the moment or i'm out of the worst right never turned the world's attention to the place that some jobs gulag marks mines. powerful twin blasts are trying to accomplish something republican doug is stalin killing one passenger and leaving several injured. souls while n.s.a. reform grows louder among washington's political elite but intelligence chiefs remain defiant warning of drastic consequences of the spying program is tailored to . independence all security in london threatens to deny access to its intelligence services its copeland of was yes just separation from the united kingdom. and canadians get the bust of a bitcoin a.t.m. swapping did show codes for cash look at why global users attending to the stable sign the currency.

. >> back in action in shanghai this week. he was hoping he could decide his poor run at the u.s.open where he lost in the fourth round. and secure his position in the season-ending world tour in london. >> it is part of my goal to end the season as definitely a driving shot force for paris. i'm also trying to qualify for the world tour as well as to win it. i can draw motivation from different angles and not just from going out and playing one good match. >> praise for rafael nadal who is back from injury. he is set to end the year as the world number one. >> he is amazing. i was that it was wrong for people to say it might be the end for him. we did not know how long his injury would take, but i figured at the moment when he was going to come back he would always be very strong. to be playing that is what raphael or myself, that is what we do. you want to be competitive, beat the best, play the best, play consistently every day and train. he deserves to be back at world number one. i am personally very happy for him and i'm sure i will see him either tomorrow or the next day. >>

it may veer towards shanghai early next week dumping rainfall totaling as much as 250 millimeters. this will be surging a lot of moisture to the korean peninsula. so we're talking about lots of rainfall and very stormy conditions ahead of our weekend. we have another storm system that could make its way to the similar path, chasing after it is this tropical depression which is likely to become a tropical storm status into the next 24 hours. we'll have to monitor this as well as we progress into the weekend. here across the philippines and the indochina peninsula more rain to be hitting the western seaboards as well as the coast. thailand, no warnings in place. which is great news. a little break from that. surging from the moisture of the south china sea will be bringing in buckets full of rainfall to vietnam. we are looking at high pressure. humidity down to 30% in parts of china but likely to see a rainy saturday in japan. now across the americas, the last few days it was very calm. but now we have a tropical storm, severe weather and heavy snow as well as santa ana winds to talk

the game took place in shanghai with michael phelps on the scene. clay thompson with 25 points.curry trying to make the team. and his brother only played long enough to make nine points. 115-89, warriors warriors beat the lakers. you know what they want to do, right? >> stay connected? >> yeah. >> go to facebook. >> go to facebook. and it [ male announcer ] the founder of mercedes-benz once wrote something on a sheet of paper ♪ the challenge always accepted. and the calling forever answered. ♪ introducing the all-new 2014 s-class. mercedes-benz. the best or nothing. introducing the all-new 2014 s-class. happy birthday! it's a painting easel! the tide's coming in! this is my favorite one. it's upside down. oh, sorry. (woman vo) it takes him places he's always wanted to go. that's why we bought a subaru. (announcer) love. it's what makes a subaru, a subaru. >>> what were they thinking? this stood for 200 million years. destroyed in a moment of stupidity by these knuckleheads. >>> then, o.j. simpson. preacher? >> can you believe o.j. simpson wants to become a tv evangelist? >> go a

we finished one in beijing and another one also in beijing and a third one in shanghai. >> is it challengingn funding? how is your business going? are there tenants there? >> i think it's sold out on the galaxy project. >> where are you seeing the most work? who is spending the most money? >> in asia. china. we have a new project in japana and singapore, korea. i think a lot of european cities picking up. >> talk to us about the u.s. i know you've done two museums in the united states. the museum at michigan state. you have your firstir residenti product in the u.s. a 300 million dollar skyscraper in miami. what can you tell us about it? >> it's moving very fast. top end properties are very difficult to find. >> your style is icic, futuristic and that has created some conversation and debate in some circles. some of your ideas having been critici criticized, right? what's the buzz out there? >> i don't know criticized. i think the advancement in technology in terms of fabrication and visualization is making it possible to do things that with the complexity which maybe for was a more difficul

shanghai auto industry corp and first auto car jumped up 2.5%. back to you. >> that's the latest on the markets. >>> at a conference hosted by international finance, the deutsche bank warned of the impact. they're spending huge amounts of money preparing for the small possibility of default. with us for the first half of the program, alan higgins. four days and counting. still no deal on the table. getting twitchy? >> a little bit. it's a head fake. there will be some kind of deal. i saw well connected people like barry fink and bill gross saying there's zero% chance of default. i wouldn't say zero but some low amount. >> even if there's an extension of six weeks, takes us to the end of november, we're right back here again. this does not engender any confidence. confidence may have an economic impact. >> quite. it depends on why your' bullish on markets, in particular equity markets. we very much like the low interest rate story. the low corporate bond yield. ironically this is on the yield's low. it depends how you look at it. it's causing some

the shanghai composite lost almost 1% today fp. in hong kong, the hang seng index pulled back from its one-month high ending down by 0.5% with the hopes of china mobile seeing its first ever earnings decline since its ipo. japan's nikkei ended upper by 0.1%. in sectors as steelmakers were held back by losses in financials and technology shares. the kospi still ended higher by a modest 0.1%. and in australia, the asx up 0.4%. back to you. >> sixuan, thanks for that. see you a little bit later. now, shares of the designer are better than expected. arm post add near 40% jump in pretax profits. they said earlier the rise of lower cost phones present big technology issues. >> even in the low end smartphone, there's an opportunity for many components. and we see generally that growth of low end and entry level phones in developing countries as a huge, positive trend for its partners. >> joining me in the studios, nick james, director for equity research. there we go, nick. why is the market being a bit sniffly today? >> i think we all ag

this is typhoon making its way just to the south of shanghai and clearly defined and pretty well organizede talking about winds of 165 kilometers per hour and gusting to 200 kilometers and landfall to the south of shanghai some time on sunday and wet weather pushing through and also windy weather may also have some impact on what is taking place in korea this week and we will have to wait and see on that. we have another tropical storm, the first named storm of the season which may impact the united states. it will make land fall through the next couple of days, storm of karen and 100 kilometers and with the rain we could see 200 millimeters of rain coming to the deep south of the united states and goes close to new orleans and heavy rain coming through here on saturday. the wet weather pepping up as we go on through sunday so we are not talking louisiana, mississippi and alabama seeing flooding rains. >> thanks, the city of new orleans is renown of jazz and over the years produced some of the industry's biggest names but musicians and life in the big easy is far from being easy and close