this year, the shanghai composite leading. last time we looked at this chart, it was up about 15% over this time. if china started to tumble, would it take the other indexes lower? that appears to be happening. it will be interesting to see if this risk off trend continues. vonnie: we will continue to watch that throughout the session and the rest of the week. kraft heinz is looking to restate its earnings from 2016 through part of 2018. exactly did they find, and what took them so long? reporter: essentially, as they were recording costs and rebates, they were doing so on incorrect timing. that presented a distorted picture of the earnings. the restatements don't show a big quantitative difference. for 2016, it was one penny , 2017 five pennies, -- ofr part of 20, 2018, two pennies. itnot a huge difference, but does raise questions about the company. guy: it makes you wonder why warren buffett still has confidence in this business. vonnie: it does, and he addressed this a little bit in the berkshire shareholders meeting over

we have the shanghai composite leading the big rally, but mid april, the shanghai composite was starting to turn down. we are putting in record highs for u.s. stocks and the emerging market is being dragged on. this suggests we see sideways trading here, but the shanghai composite is negative here, perhaps speaking to the fact that it will be interesting to see how markets end up on the day, guy. guy: abigail, thanks for the update. it's get to the banking sector in europe. as a conference in paris. we talked to bmp's head of banking. sees -- her what she where she sees ecb policy going next. >> for the time being, the ecb has been announcing it is launching its own conventional monetary policy, at least until the end of the year. it will probably see more of the same in 2020. we are not sure yet. is to be monitoring that's closely and keep that closely and keep transforming, which we have been doing, and we will see where it gets us. >> you are classmates of emmanuel macron. >> that was a number of years ago. [laughter] >> but he is president of france now. economyyour take on the refor

that shanghai composite. switching to shen zen, which is a bit more volatile.at index was down 3.5% for the month of april refracturing some of the weaker performance we had for chinese equities overall, but you can see, again, there was a similar magnitudes, really, towards the end of april, but for the year shen zen is globally the best performing index up 29% i had to look at these earlier shenzhen the greek index is in the middle shanghai up 23%. investors trade some of the holdings as you mentioned, very good start to the year. very strong start to the year for u.s. equities, global equities, but the past couple of weeks, there has been a little bit of nervousness in these chinese markets. >> thank you very much for that update on that note, let's bring in donna kilmurray, from the investment strategy group from goldman sachs wealth it has been a roaring start to the year for equities. if i look at bonds, though, we're pricing in a rate cut in the u.s. our equities and bonds telling us different things? are they signaling something different? >> it's a goo

the dax in germany up .63.the shanghai composite basically finishing flat, fractionally higher.t is important because back in april, head of the s&p 500's all-time high, the shanghai composite was turning down. we have had volatility. if we look at a chart and the bloomberg, a weekly chart of the s&p 500, is could be a concern that goes back to 2017 into 2018. if you recall january, a terrific month for the s&p 500, then the volatility taking the stairs higher in october, kicking off the volatility to big down weeks -- excuse me, three big down weeks, taking the volatility sharply lower, sharply higher, and right now we are looking at three down weeks in a euro. the question is -- three down weeks in a row. the question is if we are continuing a pattern we saw last year we could take another drop-down? this chart suggests it could be true. we are looking at a risk off month. the nasdaq, 100. the dax, the shanghai composite and crude oil, all risk assets on pace for the worst month of the year. so we have a bit of a reprieve on the day and perhaps a continues into next week, ther

the hang seng, shanghai composite are up the biggest economy in europe, one of the biggest in the world. that stock market up exactly 1% right now. every major market in europe is higher trade, a bit surprising. you're not seeing some kind of major move in the price of oil you might think oil would fall because of tariffs and prices go up things slow down the use of hydrocarbons would fall all right. let's talk about all this impacting the u.s. china trade and your money markets, the economy, and the short and long-term, and bring in liz young, director of market strategy at bny melon investment management also, lindsey, chief economist at stiefle are you surprised we're not seeing more of a massive negative reaction by our futures at the asia markets? >> i'm not surprised we didn't get it done yet today, and the important thing to remember -- >> apparently nobody is. >> the markets tend to trade on expectations more than they trade on events. >> in that case there's a short-term impact on the economy. if, in fact, these tariffs are put out there and then go back in the near-term it's j

not confirm >>> meanwhile, china's blue chip stock markets plunge with the shenzhen and the shanghai composite suffering their worst drop in three years after president trump unexpectedly rachets up tensions with beijing. >>> european he cequity markets joined the global selloff with leading the way lower as investors react to the surprise threats. >>> and u.s. futures fall. with the dow set to open more than 400points lower while oil prices also come under pressure. >>> welcome to the show. a lot going on as you can rightly imagine right now. the u.s. president, donald trump, has warned the u.s. will increase tariffs on $200 billion of chinese imports to 25% at the end of this week this sharp escalation in tone, that's caused ripples through the global markets overnight trump said on twitter that he was frustrated with the slow pace of talks and he also warned that $325 billion of additional chinese goods could, quote, shortly face tariffs as well the white house had only recently said don't forget the negotiations with beijing weren't progressing well. >> now the chinese foreign ministry has

for thehological level shanghai composite. in the options market, the price of options, some of them are out of money and in some cases, like the hang seng, bid up substantially. multiples from last week. a lot of insurance is getting big because of the uncertainty. one headline, the bottom of your screen, we might not get the deal by friday. manus: yep. three -- game theory, or something more substantial? let's stick with the headlines. trade is the byword. on0% of higher tariffs friday. scenario,ost likely an economist andrew tilton outlined the bank's call. >> based on what has come out from the u.s. commentary and comments from the chinese side that negotiations could be off, we think in the short-term, the go tois due negotiators washington, d.c. is planned? or u.s. stocksna suffer more this week? join the debate. we are on plus tv . let's bring in an investment advisor. welcome to the show. tweetsdifference two make. is it game theory, or a risk i need to reassess? overe market was optimistic about the trade talks to

for notassive losses just the majors in the u.s., we have the shanghai composite in the orange and thes lower. this year, mainly gains. take a look at the shanghai composite in april, putting in its worst week then of the year, a lead for the worst week we have for the s&p 500 and the nasdaq this year. bidre going to see a haven and it is the biggest haven bid since march. we have the worst stock selloff since december of last year. investors not fleeing to safety as much as they are going out to risk. bonds are rallying along with the yen rallying. a couple of movers on the day. we have meant tech plunging. marriott is down on a disappointing first quarter. lyft down 1.8% ahead of the big uber ipo. vonnie: thank you. u.s. and china trade teams are meeting for a second day of talks. this after president trump unleashed a new round of higher tariffs. we are joined by sean in rdc bureau. -- our d.c. bureau. the president has escalated a trade war and behind closed doors, the two sides are trying to talk. to add to the curious tones, the president calling all of these talks congenial, eve

shares in china plummeted on the news the blue chip shanghai composite shedding over five percent in beijing chinese officials sought to ease investor nerves. what did you could offer what i can tell you is that the chinese team is preparing to go to the united states for consultation with ten rounds of talks have taken place and positive progress has been made and i think it's imperative that the united states and china work together to achieve mutually beneficial and win win agreements on the basis of mutual interest to make it do what you don't. there had been worries that china's chief trade negotiator you hey wouldn't head to washington this week now beijing says he'll go that's a small step forward. yes carter our financial correspondent joins us now from new york now yes wall street had been hearing for weeks that a trade deal was imminent where has it all gone wrong. you know there were reports here on monday that donald trump some trade negotiations so reported to him that beijing was chilly backtracking at the end of the negotiations and all through last week that they woul

different us a classes across commodities like oil and merchant markets stocks such as the shanghai composite index that includes the emerging market currencies that construction globally from the south african round africa to the chinese sean bell asian brit even as far as the mexican peso and lots of america based on investors become risk off and let's not even begin about the impacts of corporations like apple major stock market side the german dax and the u.s. stock markets essentially investors are going into defensive and they are back in the trenches because these battle shorts are still beyond 5 there's another escalation what everybody actually hopes that this movie between the u.s. and china and trade sanctions would wrap up by this month but not at all it's going for a sequel on this why investors are defensive so that was means there are wider implications there not just for the united states but for the u.k. as well and for europe. absolutely these implications are far and wide and that globally we can expect global economic downgrades any day now based on the weakening market se

last year we saw a heavy inflow into the chinese stock market as the shanghai composite headed toward the fact that we're not seeing this at this moment can indicate that foreign investors don't see the market having a bottom any time soon. rishaad: is anything predicted here? >> if you see the pattern, you have seen foreign investors take profit at the peak and get in heafl as the shanghai composite headed towards the bottom. david: all right. hello? >> today i would like to talk about one of the biggest plans scheduled for japan this year. the sales hike. my chart basically looks at the state of the economy and where it might be headed, whether the economy is strong enough to endure that as tensions on the global trade front heat up between u.s. and china. the white line is the broadest measure of the current economic activity. the yellow is the b.o.j.'s business sentment survey they are very important indicators. the white line is something that the government specifically focuses on. it is an indicator that a single l.d.p. member has said that this is an indicator that they would

hang seng down 1.5 percentage point, and all eye on the shanghai composite it was a volatile session, appeared as though some stabilization going on pointing to ep on up first lady. dow about 50, and nasdaq up about 34 as well remember, this after a session that saw the nasdaq close down 3.5 percentage points yesterday. >> jay my hunt has an unintend the consequence in the gulf region he told reporters in brussels the u.k. is worried about an escalati escalation mike pompeo held talks with his european counter parts in brussels he reaffirmed the support from 2015 noourk deal and said it's in europe's security interest to hold on to it. sticking with brussels, several top e.u. jobs will become vacant after the european election, including the presidencies of the european commission and the yourp even council our colleague can give us a few more details >> that's right. up for grabs look forward to the yen e end of the year. woel see the european commission, european parliament, european council as well as the european central bank. the way that the year was going to decide who gets whi

last week and monday were the worst days of the year. , the go into the bloomberg shanghai compositen yellow and purple. the blue, we have the emerging 500 in with the s&p april putting in the all-time high composite in a progression territory with him be trade that is well worth watching the shanghai composite for what could be next in syria had the pullback in the u.s. in germany, and certainly the emerging markets. look at what is boosting the s&p 500, a strong quarter outlook for cisco with walmart -- walmart up and investors cheering the fact that they won't be hitting the bottom line on tariffs, passing that along to consumers with amazon and jpmorgan shares higher after berkshire hathaway disclosed stakes in amazon at roughly 800 and 50 million dollars. showing us that it is risk on, take a look at the 10 year yield, this is probably also helping jpmorgan, the 10 year yield up three basis points with investors going into stocks out of haven bonds across asset classes with it to being risk on an emerging markets being the only area not participating in the bloomberg commodity i

tactic and they're feeling the pressure in china shares their plummeted with the blue chip shanghai composite down six percent. there are positive signs china's chief trade negotiator leo hood will head to washington after all there were worries he might not go but for now uncertainties about the direction of trade talks are upsetting investors across asia and damaging sentiment in markets already nervous now with you in the studio to shed some light on the background here is that i've used china expert to fit in and often of course is also standing by in frankfurt the living let's start with you is hardly an accident happened so soon after the strong job state of from the us is this just trumps tactics it's definitely goes in tactic he felt emboldened by the strength of the jobless figures in particular but it's also been a negotiation going on on the chinese side too they're not prepared to just lie down we're hearing i'm hearing from my sources there that the that she jinping wanted. some of the concessions that the negotiation team was making he very much wants but his imprint on the trad

we have shanghai composite trading down 1.5% overnight. the trade war really is moving on to phase two. that is that of tech war as more companies internationally cut ties with china's company, it's having knock-on effects of the telco industries down .8% already, and this is, of course, to do with the trade discussions that are going on in the world. woef also had some very weak macrodata coming out in europe let's just flip over and talk about the individual indexes here i want to start off with the german dax you can see index is leading the decline. well, just about pretty much all of them are down 1% already. germany is very much in focus. some of the sector that is are under scrutiny as well the auto sector having declines at the moment as well as the banking sector, too. we'll get to that in a second. cac, here surprisingly we had better numbers on both the manufacturing and services side of things, but that hasn't really helped or dew point dented some of the trader pessimism that's being expressed in that index today as well. ftse

in white, the shanghai composite. china is leading the way, up almost 35% on the year. most recently, that correction nose diving. the question, whether it will play into the s&p 500 which right now is resilient. -- best case scenario, looks like there will be a flattening period. worst case, the nosedive could suggest a pullback could be ahead. >> am taking a look at volatility. he maynt trump suggested be reigniting the trade war after those few tweets over the weekend. shorting volatility over the last few weeks or so. .he blue line there is the vix the white bars are showing net shorts. we are looking at the largest net short on record. it could be good news for equity traders. , the pastast year eight times the vix has moved at least three points on the day, it has led to above average performance. periodt time in that occurred five days after one of those spikes. romaine: let's look at a company that makes software developer tools. shares up 6%. this was the end of that 25 day quiet period. the banks finally got a chance to weigh in. as expected, most of the resea

all of this started with the shanghai composite, down 1.5%.t index, in an official correction from its april levels. this risk off is confirmed by the yen. let's take a look at the five-day chart of the dollar-yen. it is falling, down 1.7%, the first time we've seen this since december 24 of last year. investors fleeing toward the safety of the haven yen for they decide what's next around trade. let's take a look at a chart we've looked at frequently over the last few months. we are looking at the year-to-date chart in yellow, oil in white, the stocks in aren't, and the shanghai composite in a correction. the s&p 500 hitting an all-time high during that time period, but now starting to wane. tech, materials, financials, and industrials many of the companies making up these sectors. many of these have big exposures to china. taylor: risk off. thank you, abigail. amidst all the trade hysteria, the bond market is reacting as well. this week we saw two of the 11 largest debt deals ever from ibm and bristol-myers. let me bring in bloomberg opinion

the shanghai composite up just about 2%. the he other major markets in asia up half of 1% each. cheryl: we've got a lot of breaking news this morning. welcome to "fbn: a.m.." good morning, i'm cheryl casone. lauren: happy humpday, halfway through. good morning, i'm lauren simonetti. cheryl: breaking news just moments ago. the u.s. state department ordered all nonessential nonemergency government staff to leave iraq right away. the alert coming as tensions between the u.s. and iran continue to rise in that region. washington said last week it he detected new threats from tehran. we'll have more coming up later on in the show. lauren: president trump paying a visit to a liquefied natural gas facility in louisiana last night, touting his america first energy policy. cheryl: we have connell mcshane with all the details. >> reporter: this was not technically a campaign event for president trump but it sounded like one inside of this facility, he even spent time going after some of the potential 2020 opponents. he spent the bulk of the time and remarks sticking to the workers hereom h

shanghai composite in china down 2.5%.earnings and its guidance, stock down 3 and three quarters percent after the company cut the full year guidance. biden is in the lead. new fox news poll shows joe biden at the top of the democratic race and leading the president in a head to head race in a new poll. we will get into it this morning. the pga championship, brooks kopa off to a record-setting start. 'we've got the highlights coming up. coming up, california congressman devin nunes is here this morning along with former dnc chair, donna brazile joining me, along with former deputy secretary of state, john john negreponte. varnewe kick off this hour withs top story, global stocks are dropping over trade fears. president trump expected to delay a decision to slap tariffs on imported cars and parts. it could help ease trade teg other unitenegligencenegotiatiod japan. john ratcliffe joins us now. first, let's talk china and the tariffs for a second. i want to get into immigration, investigating the investigators, but your reac

asia, japan and south korea closed but the shanghai composite took a big hit, a 5 and-a-half percent,the u.s.'s hard line with china has spooked investors. over to you. lauren: president trump has put china on notice on twitter, he said trade negotiations with china are going too slowly and the planned tariff increases remain in place. the news taking a chunk out of the asian markets, hitting futures here. the tweets bringing volatility back. here with us is dominic devella. so many people came on the show and said the trade deal is already priced in. are we starting to price out the trade deal? >> a positive resolution to the trade deal was priced in. we have a bump in the road here. i think negotiations hit a snag, trump would like these things to move forward more aggressively, maybe some issues that they thought were resolved are back on the table. and thus the tweeting started. lauren: do you think it's a delay or cancellation? >> both economies need each other. this is a must have. so will it get resolved? ababsolutely. will it get resolved by friday? i doubt. lauren: the presid

we had the shanghai composite in orange.he shanghai composite in china turning down mid april, similar it was really translated or told to us by some of the global equities. it is important to keep an eye on all of it. it is very risk off right now. you, indeed. officials insist they will not renegotiate the brexit withdrawal agreement. no matter who succeeds theresa may. by bloombergsnow maria tadeo from brussels. boris johnson is the front runner to succeed theresa may and take the keys to number 10 downing street. what kind of a reception will he get in brussels? well, i spoke to the chief negotiator for the european union when it comes to brexit, and he told me that there is still a political and domestic story pretty u.k., but one that sends a clear message. a new prime minister will not come to brussels and renegotiate a deal that was in the making for two years. that will not be the case. the eu will not fully fundamentally change the deal. so when you hear boris johnson today say he wants to change the terms of the i

we are seeing the shanghai composite up very fractionally by the way, japan fell 1.5%, and oil, it is slightly down right now. we're seeing oil off .3% the big mover, actually, on a percentage basis is something we have not talked about a lot lately that is bitcoin. bitcoin getting some buyers today. it is up 3.2%. are you surprised, tim at just how reactionary this market appears to be to these trade headlines? >> i would say not totally surprised that as a deal gets hammered out, you are going to see a little increase in volatility. in a word, not a big change. i think tweets around the edges make sense as we look at the pillars of the market this year that have really propelled gains. >> what are those tweaks >> i think the key tweak would be to say, look, where are some of the lower valuation better entry point opportunities, and even though you are seeing volatility in places like china or emerging market stocks, that to us still looks leak a more attractive destination especially as you get to these later stages where there could be actually some up side here if you do get bette

the shanghai composite in china really the market you want to watch. you can see, we've got a little bit of green on your screen there. that auto tariff delay is big for japanese automakers as well as for european markets as well. european markets real quick as you can see red across the board here, lauren. we're looking at global reaction to the u.s. and china. lauren: the markets are saying we don't like tariffs. cheryl: no, don't like a trade war. lauren: president trump unveiling his merit based immigration overhaul but already democrats are calling it d.o.a., dead on arrival. cheryl: griff jenkins joins us live in washington as the president vows to get his plan passed. the question this morning is how. >> reporter: well, i don't know. cheryl and lauren, happy friday. we'll find out. it's been more than 50 years since anyone attempted to really overhaul the nation's legal immigration system. president trump is now trying to do just that, shifting it from a family based system to a merit based approach, rewarding skills and education. >> we discrim

david: shanghai composite, 42 points down. csi 300 1.7%.atctually right the level at which we had the gap higher. a lot of support hopefully all the way down. 10 year yields down to the lowest since april. yvonne: we are checking the rest of asia. china still under quite a bit of pressure after a bad start on friday. of thesetching some big moves like australia and india going to be seeing a different picture after we saw that big victory for scott morrison over the weekend as well. the key to watch will be the offshore renminbi because there are still a lot of reasons to short the renminbi despite what the pboc says. rishaad: the path of least resistance for the renminbi -- this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comc

i53.in asia, best performer was china, shanghai composite up of two-thirds of 1%. is getting underway today. a major change for the tsa, it includes marijuana, the details coming up. serena williams makes a statement at the foreign open and it was not her -- french open and it was not her play. the message she sent in this outfit, coming up. all those stories coming up this tuesday morning. our topl top story this half ho, u.s.-iran tensions. president trump stopped short of suggesting regime change. >> i'm not looking to hurt iran at all. i'm looking to have iran say no nuclear weapons. we have enough problems in this world right now with nuclear weapons. no nuclear weapons for iran. i think iran has tremendous economic potential and i look forward to letting them get back to the stage where they can show that. i think iran -- i know so many people from iran. these are great people. it has a chance to be a great country. with the same leadership. we're not looking for regime change. i just want to make that clear. we're looking for no nuclear weapons. maria: as yo

watching the shanghai composite in china, down 1 and-a-half percent. of uber's big public debut drivers for the company and lyft are turning off their apps in protest in major cities across the country. cheryl: we've got robert gray in san francisco, uber's h.q., with all the details. >> reporter: disruption of a different kind in san francisco, protesters outside of uber headquarters shutting down market street, a major thoroughfare that goes through the tech hub of the city. they're protesting, wanting higher wages, benefits, to be completed more like employees, less like independent contractors. we spoke to one of the organizers. >> we don't believe uber will walk out here today and ask us what we want and give it to us. this is a starting point. this movement that started in san francisco and l. a a. quickly evolved into a global day of action today and so this is just the beginning. so if we don't get what we want after today, we're not going to stop. >> reporter: uber is arguing it has a tech platform that brings drivers and riders together and d

look at the shanghai composite, down 5 and two thirds percent overnight in china.pan and korea, those markets were closed. the china exposure is wide and deep within the s&p 500, apple and boeing, the biggest drags on the dow this morning due to their business and exposure, revenue coming from china. boeing is down 2 and three quarters percent. drivers from uber and lyft are planning to strike. had they want to rally against the companies. what it could mean for uber's upcoming ipo which is expected this week on friday. quite the week to go public. particular t et prices are plunging, check this out. find out how little seats for bill and hillary clinton's speaking tour are now going for. they were initially $1,700 apiece for a ticket. wait until you hear what they are right now. all those stories coming up at 7:34 a.m. on the east coast. we want to kick the half hour off with boeing, the company is set to drag the dow this morning due to exposure in china. plus, there was a major admission over the weekend, boeing reportedly knew about problems with the 737 max sa

in asia overnight, we had a bounce on the shanghai composite after that sharp 5% selloff yesterday.ed on the u.s.-china trade talks. real estate in america, the cities with the highest and lowest mortgage rates revealed this morning. x-box losing the disc, a look at the latest gaming console and the impact overall on the industry. stay with us for that. plus, the big met gala, the celebrities that were turning heads with their outrageous outfits last night. all those stories coming up. right here. first, our top story this half hour, money moves, th brewer grp helping athletes navigate life after the game. joining us now, jack brewer, along with former nfl running back, clinto clinton portis ande receiver ron johnson. what are you doing? >> we are -- dagen: yeah, what are you doing. maria: tell us. >> we have a program, we handerrepartneredded with fordhm university, we have athletes pursuing their bachelors and mbas. i've got 22 guys that are doing it right. maria: tell me how important stuff like this is for you. you're focused on the game had in real life. after the game, have yo

that's the wrong lens to be looking at who is ring the trade war where the shanghai composite, and the s&p 500 is five times the size. think about the move you have to have in the shanghai composite and think about who owns stocks in china versus the u.s. it's a stiepd lens to look at so we can stop doing that the fact of the matter is this is here to stay. you mentioned it before and you saw him do it into what was a very hairy macro situation at the time and we saw how they walked out of the north korea summit with nothing to show for it. >> the notion that the fed will have the market -- >> what are they going to do, mel? >> they can't loosen their stock. they're going nowhere. >> they can't cut? they raised four last year they can do stuff with their balance sheet. >> i'm telling you, the s&p 500 would be down a hundred points in a straight line >> two weeks ago we said that if the fed cut raids it would be a good thing for the market. the fact that rates are so low where they are right now, relative to inflation and -- >> what would the markets do if the fed said in a week we are

to be on track but trump's twitter threats over the weekend are moving markets on monday the shanghai composite plunged five point six percent while the dow fell as much as four hundred and seventy points before rebounding the markets are reacting sharply to the sudden increase risk of a full on u.s. china trade war as a standoff creates a huge uncertainties for companies trying to decide where the to buy supplies build factories and make investments these.

the shanghai composite in the middle of april, had its worst week.nn nearly 6% pregnant week december. keep an eye on what could be next for u.s. stocks it is a global relay race between the equity indexes. >> thanks, abigail. what i am looking at the close of trading was a theme of this week was asleep with one eye open. we were worried about domain on treasuries and what that might mean for price when the stories that the pajama traders and people overseas have been waiting on the s&p 500. if you look at the reasons we pointsn this week, 90 worth of outcomes in the overnight rate from open to close, all of those big caps. when we talk about how it was an earnings report, gap flow on monday was the biggest since amazon lived on earnings. during the trading day, romaine, 20, 25, 30 point on the week depending on where we close. you could read it a number of ways. one is a testament to futures from not very good. on the other hand, we have heard a lot that there was so much money on the sidelines in the u.s. ready to buy a dip, and the price action in

shanghai composite down over 5%, the shenzhen composite down over 7% then also let's take a quick lookding at $61.56 in the meantime, we want to get back to becky quick, who is in omaha with some very special people, who i imagine have some opinions on what's going on right now in these markets, becky. >> andrew, they do thank you very much. again, we are live in omaha, where we've been talking for the last hour and a half plus with warren buffett, the chairman and ceo of berkshire hathaway. right now, we're joined by charlie munger, who is the vice chairman of berkshire hathaway he is also the chairman of the good samaritan hospital in los angeles, chairman of "the daily journal," and he's on the board at costco. and charlie, thank you very much for being here with us this morning. >> glad to be here. >> it's great to see you we are coming off of the annual shareholders meeting, and obviously, we're going to talk to you guys about the news of the day, but first i'd like to take the opportunity while i have the two of you here today just to talk a little bit about what your partnership

shanghai composite down 1 and a third percent. tesla troubles again.e stock is on track for a seventh day of losses, down another 4%. meanwhile the streak continues on jeopardy. james holzhauer closer to the $2 million mark. we'll have details. capitalism versus socialism on campus. kristina partsinevolos spoke with students and she joins us with what she came up with. >> we're seeing socialism not a dirty word amongst the younger population. i went to washington square park in new york city to speak to students, to learn more about why it's gaining in popularity. listen in. >> socialism, capitalism, which one? >> capitalism. >> why? >> i don't know. >> socialism, socialism, that's what we were talking about. >> socialism versus capitalism? >> socialism versus capitalism? >> can you define both of them. >> socialism versus capitalism. >> i would say socialism. >> younger people seem to be geared toward the socialism side, government paying for everything. is that a good thing or bad thing? >> i think it's a good thing. >> i feel like a lot of europe me

hang seng was down 2% shanghai composite down 1.5%.on the uncertainty with the u.s.-china trade talks. the hos householding attorney general bill barr in contempt as expected. jerry nadler making a strong declaration. >> we talked for a long time about approaching a constitutional crisis. we are now in a constitutional crisis. maria: coming up, the crisis that my next guest faced, my exclusive interview with carter page who who was wiretapped, stl walking around, no charges, but he was wiretapped by the fbi in the fall of 2016. carter page will be here, live. amazon privacy issues, the company under fire for putting children at risk. we'll tell you why. and the ipo of you uber on the way, the rise share giant set to price tonight before going public tomorrow. the company says it sees itself paying out $170 million in driver settlements and payments. all those stories coming up this thursday morning. joining me to break it down, dagen mcdowell, james freeman and fox news contributor, columnist with the hill, liz pete. great to see every

in asia overnight, mixed performances although china did well, shanghai composite up 1 and a quarter for relief, a lot of people feel that's better than opioids. the battle to fight teen smoking and vaping continues with an effort to raise the age to smoke to 21. it was a record night for game of thrones, details on the finale viewership. the honeymoon may not last long for hbo. our top stories this half hour, investing in europe, french companies investing in foreign markets as the european central bank has been making efforts in deal making. french companies spending $100 billion on foreign acquisitions in the past two years, the number at the highest level in over a decade. joining me right now is the france ambassador for international investment and former apple europe middle east and africa vice president, am basambassador passcal domney. there was a concern that europe was slowing down. i'm wondering from we're seeing signs of a bottoming out in france and other nations in europe. >> in fact, what we've seen in france is an amazing growth. we've got the best of ever growth com

shanghai composite in china 1.1%.il after 14% growth, the chinese economy is getting impacted by all of this. 2 million-dollar drug, new gene therapy to hit markets at record price. major crypto hack to tell you about, $40 million stolen in crypto currency exchange. what it means for crypto currency exchange coming back. we will tell you the plans going into july 4th, all the stories coming up. wednesday morning but top story this half an hour is this, ride-sharing protests, uber and lyft, drivers across the country and the uk are set to strike today in just under an hour with protests, over wages and working conditions this as uber prepares for ipo on friday, both companies putting out statements and uber spokesperson saying this, more consistent earnings, stronger insurance protections or fully-funded 4-year degrees, we will continue working experience for drivers, we know that access to flexible extra income makes difference to millions of people and constantly work to go improve how we can best serve driver commun

to be on track but trump's twitter threads over the weekend are moving markets on monday the shanghai composite plunged five point six percent while the dow fell as much as four hundred and seventy points before rebounding the markets are reacting sharply to the sudden increase risk of a full on u.s. china trade war as a standoff creates a huge uncertainty as part company is trying to decide where the to buy supplies build factories and make investments these strong tariffs on steel aluminum solar panels they fall into. early on the u.s. consumers and businesses who buy the imported products a study showed that by the end of last year consumers were paying three billion a month in higher taxes and absorbing one point four billion a month in lost efficiency this threat from trump was a big surprise for the markets following weeks of so-called positive developments and updates it really is unclear right now whether the threat was a shift in position or just a negotiating tactic it could be that this new threat is.

worldwide fears appear to be waning as it became clear that both sides are still talking the shanghai composite and the more bold posting gains and overnight trading that cyber.

to be on track but trump's twitter threads over the weekend are moving markets on monday the shanghai composite plunged five point six percent while the dow fell as much as four hundred and seventy points before rebounding the markets are reacting sharply to the sudden increase risk of a full on u.s. china trade war as a standoff creates a huge uncertainties for companies trying to decide where the to buy supplies build factories and make investments these strong tariffs on steel aluminum solar panels they fall entirely on the u.s. consumers and businesses who buy the imported products a study showed that by the end of last year consumers were paid three billion a month in higher taxes and absorb one point four billion a month in lost efficiency this threat from trump was a big surprise for the markets following weeks of so-called positive developments and updates it really is unclear right now whether the threat was a shift in position or just a negotiating tactic it could be that this new threat is nothing more than an attempt to extract a few more concessions in the final days of talks here

worldwide fears appear to be waning as it became clear that full size are still talking the shanghai composite and the homes that were both posted gains in overnight trading that sigh of relief was short lived however as president trump's top advisers are now accusing china of re neg a previous comment and going back on language that they previously negotiated on in retaliation from declared he will be increasing terrace on two hundred billion dollars worth of chinese goods this friday the tenth issuing a hard deadline and showing that he was serious on twitter vice premier league you will meet on thursday to negotiate and he will be looking for assurances that the threat of terrorists on friday is not real at the same time china is also preparing a retaliatory hair of on us imports should trump carry out his threat a sudden terror increase would be less than a week notice with severely disrupted u.s. businesses especially small companies that have limited resources u.s. markets are down and the vix also known as a fear gauge is spiking thirty percent up today on fears of a full blown trade wa

worldwide fears appear to be waning as it became clear that full size are still talking the shanghai composite and the homes that were both posted gains in overnight trading that sigh of relief was short lived however as president trump's top advisers are now accusing china of really negative.