if we were to have a conflict in the south china sea, what purpose would the loa ns china sea, what purpose interest between america and china 01’ interest between america and china or the philippines and the southeast asian nations to enter into a wall. —— war. if the idea is to get loans, the idea is to create a zone of stability. previous to that we would have to look at zones or areas of agreement where we and china could actually agree on. we need to leave it there. thank you for your insight. hundreds of thousands of sufi followers have flocked to a shrine in southern pakistan in defiance of threats of terrorism. a suicide bomber attacked the shrine in february, killing over 70 people. we have been to meet the dvt is his faith is stronger than fear. they have travelled over 1000 miles, facing boiling hot weather and difficult terrain. their destination isa difficult terrain. their destination is a shrine, one of the most revered sufi sentries on the indian subcontinent. it is the anniversary of the siege there and it's followers hope it will bless them. translation: initially i did no

the wuxi bridge in chongqing, south—west china, was demolished on wednesday.nger safe. a new bridge spanning 135 metres will be built to replace it by february next year. it will re—connect a provincial road stretching over the wuxi river. and this has really caught the attention of people online. we all love a good demolition, don't we? we're going to take you to a very different world here on newsday, one which is deep under the oceans, inhabited by some of the strangest—looking creatures on earth. these are just some of the fish that have been captured on film, some four kilometres below the surface of the tasman sea, to the east of australia. for the next month, a team of scientists are searching the depths for more of what they call "miniature monsters." melanie mackenzie joined us from the tasman sea, and explained why they are searching for these animals. these waters have never been explored before this deep. this is the first time we have had a dedicated trip along the coast from tasmania all the way up to the coral sea. we're responsible for the mari

china continues a methodical strategy to control the south china sea. i testified last year that china was militarized in this critical international waterway and the air space above it by building air and naval bases on seven chinese man made islands. despite subsequent chinese assurances at the highest levels that they would not militarize these bases, today they support long-range weapons and placements, fighter aircraft hangars, red arrow towers and barracks for their troops. china's militarization of the south china sea is real. i'm also not taking my eyes off of russia. which just last week flew bomber missions near alaska, on successive days for the first time since 2014. russia continues to modernize its military and exercises its considerable conventional and nuclear forces in the pacific. so despite the region's four significant challenges, since my last report to you, we have strengthened america's network of alliances and partnerships. working with like-minded partners on shared security threats like north korea and isis is a key component of

it is vitally important to ensure the principles of freedom of navigation and overflight in the south china sea in accordance with the us international laws with the 1982 outlaws. more than anyone we appreciate the value of cooperation for peace and shared prosperity in compliance with international law. we believe that deals strategically speaking vietnam and the united states shared the values and peoples that can lay the foundation for peace and cooperation in the asian pacific region. [speaking in native tongue] on trade are two economies are more complementary than competitive vietnam imports american planes, electric engines, high-tech medical and pharmaceuticals. in 2016 alone vietnam imported nearly 1.5 million tons of corn, soybeans and wheat and half a million tons of cotton. fruits and vegetables, furniture, garments and footwear have all become favorite products for american consumers. last year our bilateral trade groups was 50 billion us dollars. [speaking in native tongue] i would like to add that the growth of american exports to vietnam has seen a steady but rapid rise in r

he can help with the south china sea issues. se are critical for the united states. >> in other words, that is something. president trump could enlist his support, duterte, to help china stop expansion? the south china see? >> fephilippines occupies a portion of the south china sea. president trump is trying to build a coalition. he is reaching out to bad guys from thailand and china. you know, when you look at the chinese government and some of the worst behavior on the exec . that is what makes the u.s. exceptional. our values. it is important for us to make sure we are not an ordinary power. we are different because of promotion of human rights. >> colonel, president trump likes to shake up the conventional wisdom. including alliances and duterte and the philippines moved away from the u.s. and chinas schina embrace. maybe he will mix up that alliance? >> i think he will. you know, it is interesting. there is certainly an argument to be made, alisyn, keep your friends close and enemies closer or convert your enemies into frien

patrolling near the south china sea, the war ship, challenging china.d from jennifer griffin at the pentagon. beijing is not happy. they have deployed war ships. what do you think of all this? >> we're not challenging china. last time we sailed a war ship around there was five months ago. they got some rhetoric for public relations. we have no strategy to deal with china's militarization of the east china sea and the south china sea and how they're trampling over our allies. the trump administration has got to come to grips with the china strategy to counter their aggression. regardless of what is going on in north korea. the tougher we are with china and encountering their aggression and dominating and controlling the pacific will help us with china influencing north korea. because then they know that the united states is dead serious. we need a strategy that involves push back politically, diplomatically, economically and certainly militarily. sailing a ship by every five months is not a strategy. >> sandra: all right, general ke your perspective. tha

while you look at the situation of china, and the island in south china sea, fighter seem. further they adjust in training or diplomacy. they say aircraft will not be used but military aircraft exist there that is the fact. and therefore as time passes, strategy balance weigh more heavily to china. and therefore, this not a deal in it should be taken care for the best to great interest. >> stage here and then in the front row we have best and brightest of japan's national security thinkers.ve the and the reality is we could probably get more and more members to fill the rows who would agree with what you're saying. members i think there is a pretty strong consensus among political elites about japan's strategy going forward and people can tell me i'm wrong later but i would argue among american treaty allies there's more consensus in japan than there is anywhere particularly in europe and include europe and australia. and that's all quite impressive. at the same time, the national security legislation was a hard, hard legislative fight. and almost half of japanese opposed i

on the south china sea, china cannot be allowed to use this artificial islands to coerce its neighbors or limit freedom of navigation or overflight. the united states will uphold the freedom of navigation and overflight by continuing to fly, sail and operate wherever international law allows. as governor i had the opportunity to travel to all of iowa's 99 counties every year. a feat that is named for your esteemed colleague as the full grassley. as ambassador, i hope to continue this tradition by visiting every province in china with a country as large and expensive as china, i know that will is much life and activity outside of beijing. >> i look forward to connecting with the chinese people and continuing a vibrant exchange of culture and ideas that we began back in 1983 when i signed the sister-state proclamation with governor wong. if confirmed, i will work tirelessly to represent america and her citizens to the best of my ability. i will champion american interests in china with as such federal reserve ver and dedication as i've championed iowa's interests in more than 22 years of

this is south china sea, east china sea, cyberattacks, predatory trade practices. what they're doing to taiwan. the range of it. we have given them a lot of free passes over the years, clearly that is no longer acceptable because the chinese think they can do whatever they want. lou: what you're saying is, if we had not elected donald trump as president, we wouldn't be having the discussion and they would be continuing to run all over the region? >> right, and i think that president trump is going to have to take measures that are going to be politically unpopular, but we know he has the will to do that, because we've heard him talk -- lou: there's another great threat here, isn't there? you heard sean spicer, the white house press secretary talking about the left-wing media adoration of false narratives. another fancy washington term for lies, and this is a time when the public deserves honest journalism, honest reporting, and they're getting none of it out of that crowd. >> especially because the u.s. faces existential threats, not just north korea, but iran down

it is on the south china sea. people have probably heard of the south china sea now.has become a rather strategic area. it's a big place. not small. that was a port directly on the south china sea. there was a carrier going to do a port of call. they were going to go to singapore. and leonard said he was beefing up the whole operation. it's a great place, it will be a great place for liberty, and we have all the concessions. can you do that? misiewicz did do that. misiewicz managed to change the port call from that carrier. i think it was the carl vincent. brian: how could he have that much power? mr. cavas: you lobby for it. you have meetings. what is the best port? we go to singapore all the time. you are a ways from singapore. they had better beaches out here, whatever. he managed to sell it, they said ok. it's not the first time the u.s. navy was going there, but it was the first time an aircraft carrier went there. 5000 people -- we're going to have a good time. a lot of money, a lot of hotels, a lot of fun. they went to the port. they did a weekend. everybody wa

modernization, provocations in the east china sea and continued militarization activities in the south china sea signal an increasing disturbing pattern of behavior. u.s. policy has failed to adapt to the scale and velocity of china's challenge to the rules-based order. and that failure has called into question the credibility of america's security commitments in the region. i believe there is strong merit for an asia-pacific stability initiative which is similar to the european deterrence initiative pursued over the last few years. this would enhance pacific command's credible combat power through targeted funding to realign u.s. military force posture in the region, improve praegs operationally important infrastructure. these are important steps taken as part of a new comprehensive strategy in the asia-pacific that incorporates all element of national power. i hope witnesses will articulate an a.p.s.i., apsi, strategy. >> thank you to all the witnesses for agreeing to testify this morning. this could not come at a more critical time as the north koreans have engaged in an aggressive schedu

therefore from the japanese defensive posture we do have to predict and south china sea the coral reef that cannot be tolerated in that is the place where the japan uses the ceiling . they have facilities built their safety and japan should collaborate with the rest of the world so that japan should commence china to follow the world by the international community. the difference between north korea and china that china is able to consult diplomatically. north korea diplomacy it cannot work. therefore, the thing facing us as north korea should be currently china is using the lateral approach trying to change the south china sea. japan and russia used to have a good relation and when i was the defense minister, it was first carried out very good relationship but at that point russia trade out being electoral the change of status in ukraine in the ukraine from japan but we should not tolerate the coercive that change of status and therefore together with united states japan carried out sanctions with russia and the country relationship have been somewhat strained. i think that is a unive

he also sits down with gerard baker on japan's relationship with the u.s., japan and south korea -- china and south korea. [applause] >> good evening, ladies and gentlemen. i am shinzo abe. thank you very much for inviting me. i am delighted to see so many guests from the united states, as well as the nations of asia. please, enjoy your stay in japan. it has been more than four years since i have retaken the government. japan, before that, under the rule of the democratic party of japan was in wrapped with pessimism with a since of resignation. japan was struggling with inflation. japan was not able to make its presence felt in the international arena. population is shrinking, thus it can no longer expect growth, japan is already in its twilight years, such was the lament we often heard looming large before us to give it all up. the stock price, at the time, was less than half of what it is today over 8,000 yen or so. i stood up to take on the challenge. i promised to restore japan to what she use to be. how is japan today? during the past four years through our economic policies, nominal

the south china sea is at stake and taiwan is at risk. of the south china sea. i would follow the advice that one of my former bosses, jim baker, that used to give, keep your eyes on the prize. the strategic prize for the united states is keeping the south china sea out of chinese hands. that's where i think trump has done it exactly right. invite duarte to the white house, give him a couple drinks, see what you can do. >> neil: i understand what you're saying. maybe the devil you know is better than the devil you don't want to know. but he is trying to stop islamic extremism, which is a problem in his own country. the fear would be if he were to go, what would be the alternati alternative. what do you think? >> philippines are still a democracy. we have a certain amount of power for that. i don't think duarte's view on china is that of a huge majority of the filipino people. so i think you have to keep your priorities in order. dealing with him on the big issue is a way to engender some confidence if we can bring him back on our side. an

this is constantly challenging in the south china sea. a rapid disruptment to enhance the maritime awareness capability and to facilitate common operating picture to counter behavior of the chinese naval power remain to be a high priority. i will stop here and look forward to your comments and questions. thank you very much. [applause] michael: thank you to each of ou for concise and precise observations on the challenges and responsibilities on us as allies going forward. i am going to ask a few questions of our distinguished statesmen on the stage and open it up for your questions in a moment. first off, aki, i appreciated hat you said about the two staged approach to north korea -- pressure and then diplomacy -- because like you, i am skeptical that we're going to get very much out of diplomacy. i actually wrote the first memo creating the six-party talks when i was on the n.s.c. staff and there was some hope but i think experience has taught us all that we cannot expect even a renewed effort and pressure will change kim jong un's calc

but the issue as you laid out very well is china and the south china sea. etnam and china don't get along. they have a troubled history. they fought a war in 1979. vietnam is probably playing, you know, hedging its best with china because china isn't going anywhere. that geography isn't going to change in its relationship with the united states, the military relationship is warming. last year they ended some sanctions on arm sales to vietnam. just transferred some coast guard ships to vietnam. so it's a critically important country with 90 million people with a powerful growing economy that could be a even more bigger player in that part of the world. and help the united states advance its interest. liz: but president trump has been very clear. he has done with unfair trade advantages that other countries have. we have a significant trade imbalance with vietnam. 32billion-dollar trade deficit. what does that mean? they two or three way more to us than we do to them. they're buying all of our stuff. >> we're talking about $15 billion in trade deals here. thin

it is consummate challenging in the south china sea. a rapid first development to enhance the maritime domain awareness of japan's capabilities and to facilitate an operating picture to counter behaviors of the chinese. i will stop here and look forward to your comments and questions. thank you very much. [applause] >> thank you to each of you for concise and for size observations on the challenges and responsibility on us as allies. ofwill ask a few questions our distinguished statesman on this day didn't open it up for your westerns in a moment. -- questions in a moment. i appreciated what you said about the nose goes state approach to north korea, the pressure in diplomacy. like you i am skeptical that we will get much out of diplomacy. i actually wrote the first memo when i was on the nsc staff and there was some hope. experience has taught us all that we cannot expect a renewed effort of pressure will change kim jong-un's calculations. a freeze temporary agreement connection do more harm than good if it undermines deterrence and th

that was a point directly on the south china sea. -- port directly on the south china sea.re was a carrier going to a port of call. leonard said he was beefing up the whole operation. it's a great place, it will be a great place for liberty, and we have all the concessions. can you do that? misiewicz did do that. he managed to change the port call from that carrier. brian: how could he have that much power? chris: you lobby for it. you have meetings. this is a best -- what is the best part? you are a ways from singapore. they had better beaches out here, whatever. you managed to sell it, they say ok. the u.s.the first time navy was going there, but it was the first time in aircraft carrier went there. a00 people were going to have good time. a lot of money, a lot of hotels, a lot of fun. they went to the port. they did a weekend. everybody was happy. had a great time. misiewicz got a letter of commendation for making that happen. i forget what year it was, but commendation,r of and he was actually cited for it when he left the position. made more than $2 million on that por

guided missile destroyer sailed within 12 nautical miles of one of china's man-made islands in the south china sea. early thursday, the uss dewey passed near the aptly named mischief reef, 1 of 3 islands built by china in the past three ye military fortifications. beijing protested the action, deploying two chinese warships. >> translator: we urge the u.s. to correct its mistake immediately and stop provocative actions that hurt china's sovereignty and security. a stick at the pentagon would not confirm the uss dewey exact course, saying freedom of navigation operations are not about any one country, nor are they about making political statements." the chinese have built seven man-made islands since 2014. $5 trillion of trade passed through here each year. the u.s. navy sent warships near the islands three times in 2016. last year, an international tribunal rejected many of china's claims to the islands. the u.s. navy has not sailed near these contested islands since october. a recent "new york times" story question whether the trump administration had given up on these operations while trying

southeast asian leaders took a softer stance on the south china sea dispute during their weekend summitt was released after the summit ended, dropping references to land reclamation and militarization. those references had been included in the text during last year's meeting. china is extremely sensitive to comments about its activities in spratly islands. 36 members of the yazidi group held as slaves in the islamic state have been freed in iraq according to the un. it included men, women, and children in captivity for three yea rs. children in captivity for three years. 1500 women and girls are still being held, they believe. the former billionaire eike batista, who was once one of the world's richest men, has left prison in brazil for house arrest ahead of a corruption trial. batista, was worth more than $30 billion five years ago, but has lost much of his empire. he's been accused of bribery and hiding illegalfunds offshore. indonesia's president, joko widodo, has been greeted with a mix of protest and celebration during a visit to hong kong, where thousands of indonesians work as do

navy in the south china sea near chinese-made artificial islands.those operations, which sent u.s. navy ships on patrol within 12 nautical miles of chinese-made artificial islands in that part of the south china sea -- all three of those operations were conducted under the obama administration. once president trump assumed the oval office, a senior u.s. defense official tells cnn that the u.s. military in the pacific requested to conduct one such operation, and that request was denied. that official telling cnn that that request was denied in part because of what you mentioned, that operations like that could be viewed as antagonizing china or north korea. and as we know, the president really wants china to help solve the ongoing crisis in the korean peninsula. so these kind of operations in the past have made beijing very upset. it's designed to challenge those chinese territorial claims with those artificial islands, and that's something the obama administration made quite public. so that's something at least for now that the trump administration

the south china morning post says a war of words has escalated between north korea and china. the row, the paper says has been prompted by beijing working more closely with the united states. and finally the telegraph has a picture of the duke of edinburgh on the front cover. prince philip, it is announced will be retiring from public life and will no longer carry out royal engagements from the autumn, by which time he will be 96. probably time for you to retire, similarage? probably time for you to retire, similar age? laughter with me is alpesh patel who's ceo at praefinium partners ifill 91. you look much younger, i promise. --i feel 91. emmanuel macron and marine le pen. can he do it? the polls and the journalists say he is in the league so get ready for a huge upset. the kiss of death. i cannot tell you what the french polls did last time but if you are in favour of brexit surely you want marine le pen to win, old—fashioned divide and conquer. the people in favour of france leaving, from a british perspective is great. if they leave, the eu is finished. she wa nts to they

it expands beyond trade and investment to include issues like north korea, the south china sea, human rights and more. accordingly the position of u.s. ambassador to china is one of the most important positions in the world. i am confident that president trump has made an excellent choice in nominating iowa governor for this role. i look forward to him being confirmed by the isn't the and bringing the iowa way to beij g beijing. i also want to extend my thanks to the support that's been given by his wonderful family. i know he will introduce chris and the rest of his family soon. they are truly an asset to iowa. i know they will be a greater asset for the united states of america. >> thank you both. our know our ranking member would love to thank you for your comments. >> yes. let me just point out that your two senators are very much respected in this institution. having boeth of them here is impressive. thank you for sharing comments about them. >> thank you both very much. we'll return to our opening comments. it is great to welcome you mere. i'm glad to see members of your family

have a lot of work to do to really solidify the relationship on a number of security issues in the south china sea and strengthen relations with australia, new zealand and important partners with a number of counterterrorism funds. so throughout the region those are underway and the president has committed to make the trip to vietnam and those meetings this fall and that's going to be important to prepare for all of that. as we walk around to the next around the campaign to defeat and the stability that has created, the issues in afghanistan you can draw the circle south all the way. this is a counterterrorism effort is what it boils down to. so, how do we develop policies and bring reachable players together to address these threats of counterterrorism. we hosted what i thought was a successful coalition to the state department. we need to get the message out to allow people to recruit. so, there is a big effort underway with players in the region most notably the king of saudi arabia and working with other partners to get inside of this conversation that's going on within the muslim communit

the south china morning post says president xi jinping of china has set out a plan for increased globalment. mr xi outlined the vision for a 21st century silk road to further boost economies in asia. he launched the "belt and road" initiative at a summit in beijing. the telegraph business section, reporting on a forecast made by us academics that petrol cars will vanish from our roads within eight yea rs. vanish from our roads within eight years. there are some nice electric

play in areas like the south china sea? would you like to see more u.s. presence?guyen xuan phuc: vietnam and the united states and other countries in the region and the world want to have a south china sea in which the freedom of navigation and aviation is insured, and the convention on the law of the sea in 1982 is observed. reporter: will that require more u.s. presence or not? nguyen xuan phuc: i think that we would need to discuss together with the stakeholders to make sure all parties benefit from whatever action we decide to take to ensure peace in this area. vietnameset was the prime minister, nguyen xuan phuc , speaking exclusively with haslinda amin and hanoi -- in hanoi. i will speak exclusively with the former hedge fund manager, phil falcone. also hosting a roundtable with the prime minister tomorrow on the investment opportunities in the country. and throughout asia. do not miss that interview i 1:00 p.m. new york time, or 3:00 a.m. if you are watching in sydney, or 1:00 a.m. in hong kong, guys. anchor: coming up next, the st. louis fed president's vi

china deployed economic south korea,inst they seem more aggressive with south korea than they do with north korea. is this china moving in the right direction there? or are they still trying to keep a relationship with pyongyang in a way to not put much pressure on them? road form one was organized on the day the missile was launched. that china do not like that north korea chose that date. how china would receive the message of north korea, that would be the point. north korea has been provocative. the provocative behavior is what we have to stop. that, japann for with strongly appeal to china. relationship last year at the g 20 meeting, i did have a summit meeting with the chinese president. this year is the anniversary of our friendship treaty with china. the presidents have agreed. it is the largest number coming from china to japan of international students. it is a very high level. china is the largest trade partner for us. and the way the china responds to the expectations of the global community, we would also like china to move in that direction. new resident has just taken o

in addition to that in the south and the east china seas, regarding the situations occurring there, about their attitude, the u.s. commitment is unwavering. the other day, during my summit talk with president trump, during in the joint statement regarding the senkaku island, that it is subject to article 5 of our security alliance it is now explicitly mentioned in the language with regard to relation with north korea. all options including nuclear this also has been documented, described explicitly which means the u.s. commitment i think has been demonstrated. i think in a stronger way, that is my understanding. >> let me ask you about north korea. in the last three years, north korea has tested more missiles than in the past 30 years including this weekend. a new missile with a longer range than we have seen in the past. this is an increasingly threatening posture that we have seen from the north korean leadership. you have had many conversations with president trump and president moon in south korea south korea and president xi in china. the u.s. seems to be relying on china to exert pr

and then we have a very dangerous situation in the south china sea where china has done many provocative activities that will require the diplomacy of our ambassador in beijing in order to encourage the use of the rule of law and direct negotiation between the parties and not claiming territory by provocative actions. so for all those issues we need an experienced ambassador in china to represent our interests . what really impressed me with governor branstad is that i do belief he has a passion for american values. i particularly appreciated hissing inless and -- i would say he's anxious to represent american and global interests for china and improving their human rights record, in dealing with the right of religious minorities, in dealing with the right of descent, in dealing with the right of free expression and press. he very much spoke about the need for the rule of law. while we welcome the emergence of a prosperous china, we want one to follow institutional rules and laws. that will be the challenge for our next ambassador. mr. president, let me comment on what i believe the trum

china is trying hard." >> we are working with the international community to deal with the issue. the regime is a threat to the region, to japan and south event of war, they would bring danger to china and russia as well. the bottom line is it would be catastrophic if this turns into combat. >> eboni: u.s. escalating its own show of force against rogue states with a third carrier strike group being sent to the region. this is getting worse, not better. >> eric: china's sanctions would work if they would step up. they were concerned about this missile test. this one landed 250 miles up the shore of japan. that's concerning considering seoul, south korea, is only 35 miles away from the border and we have 25,000 or 30,000 u.s. service members along the border or in the area. one thing that's going to happen tomorrow, were going to launch an intercontinental ballistic missile from the marshall islands and test fire an antimissile strike from, launched from an air force base in california. this thing has a 9 out of 17 hit strike so far. if we tested and it doesn't work out, you're going to embolden north korea, kim jong-un. i'm concerned abo

and it is all against the backdrop of strategic uncertainty on the korean peninsular in the south chinahere evidence that a lot of people are buying more? i caught up with one european manufacturer who is selling increasingly to the asians. countries in this region generally are starting to realise that there are things going on around them and they are not aware of what's happening. events are occurring just over the horizon and nations and armed forces don't have the awareness or the flexible response. we see a lot of interest in our products, like global eye, a multiplatform surveillance. an ability to keep the man on events in air, land and sea. we have our swordfish maritime patrol platform. we stay out all on time, get there quickly, maximum endurance and capability. but again, compact and affordable platform. a naval solutions, warships, extremely advanced technology that you can see oi'i advanced technology that you can see on display, that is of great interest. we also build radars, command and control systems, so that you can network and link your forces together. who are you

play in areas like the south china sea, for instance? would you like to see more u.s. presence?he united states and other countries in the region and the world want to have they south china sea in which the freedom of navigation insured, and the un's convention on the law of the sea in 1982 is observed. reporter: would that require more u.s. presence or not? >> i think that we would need to and with theher stakeholders to make sure that all parties will benefit from whatever action we decide to take to ensure peace in this area. betty: we are going to talk more about vietnam on bloomberg television tomorrow when i speak exclusively with the former head fund manager who is making a comeback with his new company hc inoldings, which is invested vietnam. he will be holding a roundtable with the prime minister. betty: the fed turning its attention to the balance sheet. john williams says cutting back assets will not upset the market. toio draghi is the latest say the u.s. is wrong on trade. he says europe cost recovery may be threatened from abroad. >> japan changing the way it pushe

they had unsafe encounterover the south china sea in february.icole: let's get you caught up on the global market action after the big lling we saw on wednesday and more in asia yesterday on the heels of what we saw here. today a little bit of a turn around, not big. the hong kong hang seng 1 tenth of 1%. lauren: the ftse in london is up 32 points. cac if paris is up by 35 and dax in germany 33. nicole: tough day on wednesday. back to back loses for the dow and s&p, all major averages are down more than 1% this week. today a little different picture with up arrows to tack on the slight gains. dow futures up 23 points, s&p futures up 4, nasdaq futures up 10. lauren: moments ago oil prices hit $50 a barrel once again. right now at 49.94. the dollar has been weak this week, that's supportive of higher oil prices and there's optimism that opec will continue to cut production. gold down a 1.60. nicole: uber revolutionized the taxi industry and now trucking. drivers who sign up will be checked out before they're allowed to use the service. uber freight

the side of the americans, especially as china is becoming ever more strong in its claims to the south chinaimportant role that the chinese play with regards to the relationship is north korea. it is a most strategic move rather than an a endorsement of his policy. facebook in the news. this parliamentary committee basically saying that not just facebook but also google and twitter and many other social media giants are not quick enough to remove offensive material and that kind of thing. they should now have measures in place to make sure these companies do something more quickly. a recommendation by a parliamentary committee and i guess it addresses the questions that have been posed in the past few weeks where we had quite a lot of... well, violence— loaded content on facebook and also the social network were struggling to get off within a reasonable amount of time. this is calling for judges, just because it requires more effort now to police these social networks than it did before. similar levies are in place for nightclubs and for football clubs... why not the web? yes. although it is

vietnam is afraid it will be at the detriment, at a cost, to vietnam, especially in the south china sea. british airways says its flights are gradually getting back to normal after a ll gradually getting back to normal after all its planes were grounded over the weekend. the chief executive has blamed a power surge in one you take —— the uk data centres. it was claimed the back—up systems also collapsed. he is refusing to resign. he insists the computerfailure had refusing to resign. he insists the computer failure had nothing refusing to resign. he insists the computerfailure had nothing to do with cost cutting. there are no redundancies taking place around this particular hardware set of infrastructure. in this particular case it is all locally hired resources that have been attending to the maintenance and running of this infrastructure. so, completely unrelated to the redundancies and outsourcing of the it systems? in this case, yes. weeks after government data showed the economy grew faster than expected in the first three months of the year, clocking its longest period of expansio

the china will do things periodically and there will be a negative view taken by the south and either china stops doing that, the orationship will get better, they will see that the accolade -- economic relations are so strongly aligned with china. we will have to see area and i would hope that moon does not back down on south korean national security but points out that it is because of your ally, china, that has taken these offense of actions in capabilities and put them in place that are directly threatening south korea that we are doing this. sort of a -- it is a national security issue in a matter of sovereignty, this one is not negotiable, but let's talk about a range of other things. just as when we had north korea, when it does its next action or the way that it continually insults the leadership of our countries and threatens, sort of raises the true nature of the regime. if china continues to pursue this economic warfare under a progressive president, someone who would be more likely to be aligned with china or wanting to improve relations with china, if china is even doing

the south china morning post says a war of words has escalated between north korea and china.