the u.s. in order to buy tens of billions of dollars worth of goods to help narrow the trade deficit. but at the same time that would only be the case if the u.s. did not impose tariffs now that deal is off the table now china said it would fight back firmly and consider qualitative and quantitative measures the fears of a full blown trade war hit the stock markets out here today as brian was talking about. the shanghai dropped by 5% at one point. the shenzhen fell by 6%. hong kong lost 3%, part of that was because it was weighed down by a plunge in the shares of the embattled chinese telecoms company, zte, down by 20% today. the words qualitative and quantitative got a lot of attention here in the american business community today that's because the fact of the matter is that china really cannot match the u.s. tariffs on 2$200 billion worth of goods. why? china doesn't buy that much. it only buys 1$130 billion worth of goods from the united states. so a lot of business people i've been speakin

if the u.s. has a high-tech industry as a particular technology or japan does china should be able to get it. that is not how the world works. that is not how the world should work if you want continuing innovation and fair treatment of business. china does not get to say why don't you give us that technology. that is not how it works. the united states should not try to block china increasing role in economic govement. the trump administration should not withdraw from the institution since president spread -- previous presidents joking aside the key point is the first one. as a number of us at this institute have been arguing for over a decade china is a reality it is huge in economic terms of population terms and the world does not need to be run among the small cautery of people in brussels and new york and washington. the world needs to be run from other parts of the world. governance has to shift to allow that. we saw the folly of trying to impose creations by the previous administration. we

for many years, the u.s. aimed this many years, like other administrations like obama but also clinton. george bush junior, for instance, claimed this many times and nothing happened. the wto acts quite slowly and takes years and years. for instance bananas with guatemala -- took many years. we need an open discussion as we sit here, for instance, and i think that is healthy. takingnt trump is only one point 5% of overall trade. he could have talked about other goods like cars, automotive. he did. he started off with a minor now, thebelieve, and europeans have to be unified and have to speak with one voice, think these talks will proceed, and i think we will get to a very positive and -- end. to come back to a couple of the points you made it a moment, but first, looking at the big picture, it was shortly after the last g-7 summit that took place in italy that donald trump announced the u.s. would be leaving the paris climate agreement. many europeans see that, together with these tariffs, together with the u.

say that he was tortured in north korea he came back to the u.s. three hundred sixty four days ago in a coma and then died one of the really blackest moments in a very black year for relations between north korea and the united states in september president trump at the u.n. general assembly threatening to totally destroy north korea addressing kim as rocket man in the distinguished settings of the u.n. general assembly i can tell you because i was there that ambassadors foreign ministers and presidents from around the world were appalled by this bellicose language this is in the way someone speaks at the united nations and yet that may well have been a factor in what has got us here today to singapore to sentosa island and to the cupola hotel where there may well be we think in the coming minutes a signing of a declaration now let's not go too far here north korea and the u.s. have signed agreements before and they've fallen apart and both say there was bad faith on the other side so we're not going anywhere we haven't been before in terms of signi

after the u.s. put the squeeze on neighbors and trading i know it's mixed going canada imposing steel dollar million tariffs retaliation quickly followed both announced dollar for dollar surcharges on u.s. imports these tariffs are totally unacceptable canadian prime minister justin through and his foreign minister chrystia freeland denounce the us is actions this is sixteen point six billion dollars of retaliation this is the strongest trade action canada has taken in the post-war era first of all mexico's economic minister called this the worst case scenario and said the country would put tariffs on some u.s. steel products apple's grapes pull in cheese today we take action at the moment to compensate. it without mentioning it down to mexico experts on this dilemma but this dispute was the last thing either country wanted with a powerful and until recently mostly friendly neighbor the kind of the terrorists will hit the tinkly hard about ninety percent of its head south of the border it's the us is

in the u.s. they believe, apparently, that the wto is an incursion on u.s. sovereignty and decides on biased ways against the u.s. they believe the u.s. is in some sense a sucker to china and others. now, there is a real issue here, as my colleague chad and others have written about, about china's market economy status, whether or not it should be granted that in the wto in fair terms. there are other issues at work. but in those areas where wto dispute settlement is applicable, china has obeyed almost all of the decisions against it, and notable exception is with regard to union pay and payment systems. but for the most part, has obeyed wto rulings. it is the most efficient and the most fair and the most legitimate way to deal with issues that are within the wto remit. it is in both the u.s. and china's interest to have that go forward. fourth, and this is perhaps the most important point. and chad will pick up on this. some current real disputes such as over technology transfer and intellectual

the u.s. president hails a supreme court decision to uphold hisis travel ban on sevel muslim majority countries. we will geget more from the u.s. capitol. alsoso coming up, malta says it will accept a migrant rescue ship it previously turned away. several european countries agreed t to take a share of the 200 migrgrants on arard. yet passengers on the ship say they have heard nothing about anher government and her job on the line because of migration. german chancellor angela merkel is trying to deliver immigration policy to satisfy the most conservative members of her coalition government. she has added that a plan is the answer but time and public opinion are not on her side. and we have the latest from the world cup as groups c and d come to a close. argentina addled nigeria for the last 16th spot. all the world cup action is coming up. ♪ brent: i'm brent goff. it's good to have you with us. tonight, u.s. president donald trump is celebrating a major victory. the u.s. supreme court has uphel

meanwhile the u.s. secretary of state has raised some eyebrows with a tweet taste sent marking the seventy four years since the d.-day in world war two it was then that u.s. and allied troops landed in normandy to liberate western europe from nazi forces the secretary's message on the edge to fight off the allies against nazi tyranny but made a cryptic reference to modern tyranny without a lab orating exactly what he meant and u.s. state department spokesperson has a new it also appeared to make a gaffe when she brought up the d.-day landings while emphasizing washington's warm relations with belin. but when you talk about germany we have a very strong relationship with the government of germany very strong relationship looking back in the history books today is the seventy first anniversary of the speech that now announced the marshall plan tomorrow is the anniversary of the d.-day invasion. we obviously have a very long history with the government of germany. discuss this further we can cross live to g

that if the u.s. is a high-tech industry, as a particular technology or japan does, china should be able to buy it and be able to get it. that is not how the world works. release that is not how the world should work for continuing innovation and fair treatment. china does not get to say you're in that, why don't you give us that technology? that's not how it works. the last two points. denies they should not try to block china's increasing role in international economic governments. the trump administration should not withdraw from the institutions of those systems predecessors. the second half of this paragraph is i assume, no objection to anyone, especially since you all read my foreign affairs article explaining why this was in the u.s. interest not to withdraw. joking aside, the key point is the first. as a number of us is this is that you have been arguing for over one decade, china is the reality. it is huge in economic terms, population and the world does not need to be run among a small group

the u.s. senate has passed a defense bill that could see penalties imposed on china's zte. president trump plans to lobby lawmakers to allow the company to get back in the business. let's bring in joe. what does this bill mean for the future of zte now? joe: it is the subject of some negotiations. the senate bill was much more stringent than the house version. hadcommerce department placed this on it. the house version would penalize zte in a much less of a broadway. prohibit the defense department or government agencies from buying zte equipment. the white house is bringing lawmakers, republicans, into the white house, hoping that eventually, these two different versions will have to be reconciled, and that is where the white house is hoping they can get some changes made. yvonne: the president is meeting with lawmakers on wednesday. is there anything he can do to change course here on what congress is planning to do? probably got a lot more look in the house. house members may not be as willi

a stinging tariff backfire for donald trump the u.s. president's protectionist policies see holly davidson hit the road trump is right the e.u. says told you so. a german commission recommends hiking the minimum wage a good or bad thing for business in europe's biggest economy and building a compact bio gas digesters to farmers off expensive and environmentally harmful propane. to business full throttle for the trade dispute it's a backfiring on. a stock market rebound today fizzled out as the u.s. president criticized the motorcycle manufacturer for blaming a hike in judy's for its decision to move some american factories abroad the trade official says wagging her finger telling trump there have to be consequences if you don't respect international global rules. the harley davidson an iconic american brand and now a symbol of u.s. president donald trump's protectionist trade policy. decision to impose tariffs on the motorcycles came after washington introduced levies on steel and aluminum imports. but instead of stepping on the america

economy and the faith in the u.s. economy it could be a different picture in the short term i think it says -- it would be a stronger than a weaker currency. >> so far the green back has been pretty resilient as far as the tariff discussions have been cop -- concerned but had that repercussions across the entire world especially on the emerging markets context as well. how do you think about the short term trajectory of the dollar, irrespective of what's happening on the tariff side >> that's one of the really fascinating stories in the last 24 hours it display into the dollar it is obviously that talk about the ecb pulling away from qe1. what does that mean for the dollar it means there are less investors there, which in turn should push yields higher. so it's very noticeable to me today you are pushing 295, 296 on the ten year. where's that going to play it will play out in the end. turkey, brazil, mexico, those are the currencies that are going to suffer in the same way they did a few weeks ago. >> so you think we'l

the u.s. government hasn't officially announced these tariffs yet but we have known about them for a couple of weeks the u.s. had said it will publish a list of affected items on the fifteenth of june and the tariffs are expected to come into effect a couple of days after that now the two countries u.s. and china have been holding talks to try and avert a possible trade war ultimately the u.s. wants to reduce its trade deficit with china by as much as two hundred billion dollars over the next two years and the trumpet ministration has also said it wants to give american companies greater access to the chinese market trying to believes tariffs it's one way of forcing china's hand and china has said if the u.s. goes ahead with these tyrants then all trait discussions between the two countries over the past two weeks will announce he's poised china had promised to increase its purchases of u.s. energy and farm products much as seventy eight billion dollars and now it appears that they will no long

either the u.s. ng to weaken, and there doesn't seem to be many signs of that, or the rest of the world is going to pick up. it is hard to say, but our bias is that after euphoria in europe and now depression in europe, we'll see some kind of rebound in europe in particular. turning to china, this week's data was on the weak side, but going back the week before, we had really good export and import numbers from china. if there is a problem in china, they are the canary in the coal mine, and it is relatively stable. look, there are some issues, started fundamentally by the 3% 10 year yield and attraction of capital, and some idiosyncratic issues within certain countries, but generally, in a risk off environment in em, you want to look to put money in and not take it out. jonathan: i want to get to the leverage story in a moment. colin robertson alongside andrea di censo and alan higgins. in the markets this week, a check on the treasuries. good --ns, 30's, solid solid. front end up five basis points to

the u.s. and its ally, the e.u., mexico, canada and china with the trade talks with wilbur ross, trying to come to something but really people seem to be butting heads and getting lockstep into their own positions. we have a lot to talk about. sense maybe we a have had quite a lot of patience coming from beijing around the calls of, trade war or not, the posturing that you might see by the u.s. the latest story coming out, the terrace from the u.s. -- if they are applied, talks are off. let's take a look at how the u.s. is setting up for the asian open. ramy: you can see basically green across the board. the s&p 500 up. regardless of what was happening despite the up and down and back and forth of trade tensions, it is surprising that the s&p 500 closed for the week up .5%. that was its biggest weekly rise in a month. we also see positivity from the payroll numbers for the prior month, 200 thrifty -- up 220,000. it is something we have not seen several decades area we will talk about that in a

look, the u.s. ng voice here and it is good to see the automobile industry starting to say this is going but fear is taking hold in america and keeping voices violent and letting relationships like the u.s. and isada go on this -- go amiss a huge mistake. julia: so you command g.m. for standing up and taking a stand against the and ministrations, and you hope that other companies do the same? bruce: they should speak the truth, and they should speak the importance of the u.s.-canada relationship and not only of the economic sides, but the larger relationship that we have. us who haver all of ever traveled there, spent time there, visited with canadians or done business with canadians, everybody knows this is our best friend, our best trading partner, our number one hour like in the world, and we share so much together that i think we all as americans need to have a voice in support of this relationship, and it is nonpartisan. this is not democrats versus republicans, this is everybody. this is americ

the u.s. is giving as its official justification for imposing these punitive tariffs not unfair trading practices actually but national security by proceeding under what is a fairly obscure national law rather than under standard w t o procedures isn't the u.s. ultimately thumbing its nose at its allies and perhaps at that rule based international order in general sure a bit i mean certainly trump need to react fast lead so he needed a reason in order to do to act like this i believe actually the reason is is a bit different. we have and we don't have an equivalent for the terrorists and that has to be saw for many many years we we claim to. you know the us claimed this . many years like the administration obama but also clinton george bush jr for instance they claimed this many many times and nothing happened and the w t o x quite slowly and pace years and years i didn't just talking about but then i was with what tamala took many years for a very minor thing so i believe we need some action

get to the. u.s. tariffs on european meso are in place and more tariffs on cars might be on the way america's love affair with german casts a vive washington's new round of tariffs on imported steel. also coming out u.s. soybean farmers here a worse thing in the u.s. china trade relations but will that worries be good in washington. also in the so dollars a bag is being dealt another blow in the u.s. now for a banking authority calls a. troubled s. and p. downgrade germany's biggest lender to triple b. plus states. welcome to do business i'm. in for a little as for many months we've been talking about a looming trade war between the u.s. and the e.u. well it's not moving any more the first volley has been fired as upset today u.s. tariffs on european steel are in place the e.u. mites now retaliate in a further escalation us president now this is discussing to slap tariffs on german cars too he says there are too many of them on the roads of america and too little u.s. cars in germany but do merican dri

bloomberg is running a report that the u.s. urbs on investments that chinese company's make into the united states under the banner of it being against secured a measures for the united states. all in all, when investors look at the whole package, they are probably saying, yes, it is nice to have a rrr cut, but it will not stop the trade war in the short-term. rishaad: let's look at what is going on with turkey. erdogan, some say, is president for life. what does that mean for the asian trading day? hand, it's good in the sense that at least of the turkish lira, which is extremely volatile, shouldn't be too much of a distraction for asian markets today. investors are probably happy there is a relatively clear result in the turkish elections and people can start to focus on the business side again. at least that is a positive thing. of course, leading up to the election, mr. erdogan was saying 102 things -- one or two things policy best monetary policy which were unconventional -- one or two things about monetary policy which wer

well the u.s. efense secretary has played down the impact of a trade war james mattis said the tariffs won't damage security ties the fact that there are disagreements i recognize make new all the harmony of what's going on the growth and budget that's not new you know that that's what we expect but we will focus it's almost like you have an orchestra play and you've also got classic will address the no problem you know they wake everybody up and. nod off from the audience you know but at the not refute the fact that the violin harmony and for a lot of other three. the japanese prime minister has arrived in washington to make sure tokyo's concerns are not forgotten at the historic u.s. north korea summit next week we'll have two hours to put his points to president donald trump before they both leave for that g. seven summit in canada japan has a u.s. ally has been absent from recent dealings with north korea and its concern trump could make concessions like agreeing to reduce the american military

with whom the u.s. has had a friendly and partnership relationship back to the table and many legislators are are not thinking that it's going to be so easy but i think the president is convinced that this is the best way to go and he also sends a message as well to his support base that mauricio i mean this is the this is the has left many puzzling trying to connect the dots was china in any way or another if the facts say this this is you know i mean was he basically trying to tackle the issue of the oversupply of sit in the global markets well china is clearly a major canadian anything interesting they. would all agree that the day current the overcapacity in over production of steel and. i mean you can ease of mainly down to the production capacity of china and the same time the measures that were announced already back in march on steel and i mean you might affect the china very little why because the chinese exports to the united states are already subject to many extra duties compared to other cou

foreign policy in europe. >>> the former u.s. special envoy for climate change under president obama joined a discussion to talk about federal climate policy. virginia and maryland officials were there to provide the state and local perspective and the barbados ambassador to the u.s. talked about global policy. the world resources institute hosted this event. >> good afternoon, and thank you all for joining us this afternoon. i'm the global director of the climate program at wri. the it's my honor to welcome you to the wri event one year later. has the world moved on since president trump's announcement on the paris agreement? i would like to start off though by saying that my own personal reflection actually kicks off on the 9th of november, 2016. i was in marrakech at the climate conference at that time, and of anything that i witnessed was a renewed commitment to delivering on paris. i've been at many c.o.p.s and c.o.p. 1 if that tells you something and marrakech stands out and what i remember is the steady uptick of countries

the e.u. is charging on u.s. imports as of now include some iconic american products such as whiskey and holly davidson bikes. perhaps it's fishing that in this new we are free trade it is the harley davidson the symbol of personal freedom that's going to be hard hit the e.u. has introduced a twenty five percent employee q.e. on american made motorcycles. customers who ordered their hauled before the new tariffs will still pay the old price for everyone else an extra twenty five percent means thousands of euros more the dealership would prefer not to say if and when the extra cost will be passed on to consumers but over time it is almost certain that these much loved motorcycles will be more expensive neither the dealers nor the make isn't willing to absorb the new tax but a true holly fan would be easily deterred as this is how it looks but it's also the sound that the feeling is if you. sort of feeling is it it's a feeling of freedom i have many friends who ride one it's definitely had an effect on me. to make a

the reaction there from the u.s. president the court today in its ruling said that the president has the authority to ban travel but he doesn't have the authority to simply invoke national security when he does be on trail so how significant is this victory for the u.s. president well it's certainly a major political victory for president trump even though it doesn't do everything that he set out to do it right from the beginning with his initial version of the band it's still going to be very popular among his supporters it was really wanted his key campaign promises that he was going to be tough on immigration it's a central part of his foreign policy even on his campaign website when he was running to be president of the united states there was a statement saying that he wanted to see a total and complete shutdown of muslims entering the united states that was later removed but it's been a fairly clear where he stands on this issue so his supporters will be very happy to see it they will see it as a victory for sec

following pressure from the u.s. another trade partners china has pledged to increase imports and this move is part of the effort. on how we often the market adapt to the world economy and push forward economically organization. but china's not acting entirely voluntarily president trump put pressure on the world's second largest economy this week by slapping additional tariffs on fifty billion dollars worth of chinese imports china's reductions could have the two nations reach a consensus on their own going trade negotiations u.s. commerce secretary will go ross is due to arrive in beijing on saturday for the next round of talks. consumers in australia have been able to shop from the us page of the online retailer amazon ordering goods from around the world without paying v.a. t. but from july first that will no longer be possible be australian government is set on closing the tax loophole which encourage so-called worldwide shopping from now on orders from abroad will be subject to a value added tax of ten percent.

the u.s. plan for august has been suspended. commitment made by president trump at last week's summit with north korea's kim jong-un. kim is reportedly on his way to beijing for the third time in as many months to brief president xi on the summit and discuss negotiating tactic. theresa may has suffered a defeat on -- setting up about a without the commons on wednesday. lawmakers in the blood to house passed an amendment to ensure parliament can direct the final stage of negotiations. meanwhile, even leaders are considering issuing a formal warning following a summit next week that the u.s. risks crashing out of the block without a deal. china's central bank says it is set up a team to closely monitor international economic and financial changes. the statement on the website says china's economy is sound and will be in reasonable range for the rest of 2018. the report said $10.3 billion corporate bonds are false as of the end of may which is .39% of issuance. china stock regulators say xiaomi pl

the u.s. threat to impose tariffs on another $200 billion could cut theorts nation's capital met growth. the first round of tariffs on $50 billion worth of chinese goods could lower gdp growth by 1/10 of a percent. chinese policymakers have signaled they will intervene to prevent volatility in financial markets. the european union triggering the first phase of retaliation against the u.s. over metal and -- tariffs. duties on more than $3 billion includingroduct, kentucky bourbon, harley davidson's, and levi jeans. the countermeasures would he -- hit key constituencies ahead of midterms. fended off aas rebellion from within her own party to win a crucial brexit vote. may shouldas over have the power to take the u.k. out of the eu without a deal. the rebels wanted parliament to have a meaningful vote on the way forward. brussels fears the uncertainty of the "brexit soap opera." opec ministers have been working behind closed doors. crude industries falling last week i more than double the average

who are located in the u.s. -- u.s. mainland and covepnaverbing national movement it's a movement the u.s. government really suppressed and there's a listen not many nose much about t and there was a reason republicans didn't want to make it known that he was not in support of independence. they didn't want to have a match r. -- f.b.i. file opened. mail were thoughtses of being opened and it's a very dark history of the united states. >> a couple of quick follow-throughs. i think she passed away. >> she did. she passed away in 199. >> and how did you come across her story and why? >> i first started doing research on and i have written about -- puerto rican women who were involved in the independence movement in puerto in including protesting, the is the 1970's. and i can say something about that. but as i did research in wan juan -- san juan, i hittered sta stow her name and i reelsed that me scomme other nationalist party women that i was researching were also active in manhattan so i went to the archives at the cente

the u.s. d not sign the communique. how are we to interpret these aggravated tweets coming left, right, and center? >> it did seem hard to believe. before the summit started, trump of course called justin trudeau "indignant" and lashed out at his allies. i was at the meeting and we were preparing for a lot of fireworks. and then it turned out that trump actually seemed to really get along with people. at one point, we did not think there would be a communique at all, but by saturday, we heard there would be and of course, there was. justin trudeau said it shows we can deliver when people thought we couldn't. and it was quite shocking movie got the tweet minutes later from trump saying, "this is an insult to us, and justin trudeau is weak and meek." and so i think, you know, in the grand scheme of things, not agreeing on a communique does not change the world, but it will be very hard for the leaders of the major countries to trust that trump will commit to what he said he would. ♪ rishaad: trum

the u.s. is choosing from, a lot of them are intermediate inputs. the peterson institute said about 85% where things that go into things that are manufactured, so the pain could be broadly felt. that is even without china imposing their own retaliatory tariffs. the chinese foreign ministry today said, yes, we will strike back. alix: it was a justin carr because and commodities, oil getting hit, but it is actually soft commodities like soybeans -- >> you do know to be a soybean farmer. alix: no, you do not. blue, soybeans. features moving all over. >> it depends where you are. if you are in brazil, it could be a good day for you. for have been climbing, so china it might be more expensive for them to buy soybeans from brazil in lieu of the united states, so an interesting dynamic. u.s. farmers are in the crosshairs. thet is a mistake administration is making in thinking that china pays the tariffs. the company's antenna do not pay the tariffs, the consumers who pay the tariffs pay the added pric

asia,r it be the u.s. this rotation into value, surely financials would be one of the sectors ripe for the picking? >> definitely. within the global equity strategy space, financials is the top pick. inlike u.s. financials and asia singapore financials. financials play on rising rates. rates, we wills see higher bond yields in the u.s.. if you take the example of u.s. banks, and have come down by 5% to 7%, which provides a good entry opportunity for investors given the medium-term growth story is still attractive. valuation is not very expensive. most banks have announced dividends or high backs and earnings are still coming through. as they go higher, the u.s. banks could start to outperform. we are seeing a similar case in singapore in the last month. come down 5%. singapore banks are down because u.s. banks came down. has bond yields in the u.s. go higher, singapore banks will start to participate. thank you. do stay with us. we will be talking to him a little bit more. to be oute expected and a little

the u.s. is and only. so then are you do. you what's up. the west is. going to be able to deal with the dangers or u.s. israeli as well that's what china is a very big star i would have to the. business of stronger than it actually does article bitch the strong web but i like to pick up on that before i get in the city again the last lead. now i can no i would like to have a word in here i mean just to come back to the point of mr duncan made i'm not saying that russia and china are being sidelined i'm saying that they're perceived to be sidelined that's not helpful clearly i agree with that point and that's where the discussion needs to be steered in the right direction but in terms of the u.s. of the of us behavior yes i think at the baseline of the summit i think what needs to be had is attention to building a reporter working relationship otherwise you will not have a long discussions this will be a one off but it seems time the u.s. clearly is also realizing the limits of coming up with an

the u.s. presents the biggest share of the short end and the smaller share of the long end also contributed to that. the u.s. you occur still not inverted, but i take the signal from the yield curve with a grain of salt. rishaad: stick around. we have loads more to talk about. just to tell you about the moment leader, he at the was not supreme at the chinese capital for a while, but apparently he likes the air out there. let's get to first word news. >> chinese state television says kim jong-un has promised to upgrade ties beijing to a new level. the north korean leader met with president xi jinping tuesday on his third visit to china in three months. pledge to jinping support north korea. his presence in beijing is a sign of continued chinese leverage in the nuclear and trade disputes. a potentialected compromise deal for opec, saying it wants support even a small increase in oil production. it is a sign that the gathering could end in disarray for the first time since 2011. the iranian oil mi

you go where the wind is. a u.s. compa, sempra energy invested iwind termites -- turbines to provide energy. i think there is another great example about how we can work together and this is thinking about the future. with all due respect, is is t about coal. beis looking at how jobs can created, not how it can be created with industries of the past. we have to think about what the with an optimistic note, let's go back to hazleton. andrew and i taught a course on u.s.-mexican relations. you also -- always start with hazleton. some back of the envelope math. the population is 25,000. the population of the u.s. is 270 -- 237 million. stories to ,000 told. i think the story is very powerful. fromentioned joe maddon the cubs. you have to read this to understand what joe maddon from the cubs has to do with mexico-u.s. relations. -- lueff lynne now we have to raise thear. because im optimistic difference,o make a and it want to congratulate you, andrew. you have been mixing passion with knowledge, with dedication. , think

the u.s. dollar is mixed against the g10 peers. futures flat here. still under the $.75 level as we get a roll across commodities. gold seeing a bit up, .25%, and crude trading lower getting i that contentious opec meeting in vienna. looking at the agricultural index, everything from soybeans to copper to call getting -- coal getting impacted by these new trade tariffs first us from washington that retaliatory lists from beijing. now first word news with haslinda amin. haslinda: iran says venezuela and iraq will join it in blocking the saudi-russian led proposal to increase oil oduction with opec and its allies meeting in vienna. has succeededpact in balancing oil markets and lifting crude prices and the biggest producers want a relaxation as soon as next month. russia said opec and its allies may consider 1.5 million barrels a day. largestmains the foreign owner of treasuries in april, even with a slight drop in holdings. the start policy as bond builds and increased by $5.8 billion to $1.1 tr

trade surplus and services that the u.s. has the european union what's your response to that because i know that in your day job besides working with republicans overseas you are involved in the financial sector that means you are involved in cross border financial flows are you not concerned that the risks of this action could be a lot greater than the potential gains if we're talking about only an overall difference of one point seven percent is it really risk worth or worth risking a trade or a first of all no it's not i mean i don't see a trade where first of all. second of all i just want to add something to the figure one point seven it depends if you really weigh the the the trade could be i have figures up to two and a half percent a bit let's put it in between one one point seven and two percent talking about six percent in one direction and four percent in the other is still about a third difference which is quite a lot referring to the volume of trade first of all and i think there are some to surprise your part re

on the u.s. side, it is also much more dynamic or uncertain because i have never been more puzzled in the 24 years i'm doing northeast asia than u.s. policy is on north korea. we have the broad parameters of it but we have frequent contradictions by senior officials who contradict each other and themselves. the president has been on several sides of a fence at once. you can look at any number of quotes of his and in retrospect everything will be perfectly predictable because he's made so many different contradictory statements. we don't know which one to pick as indicating what the policy of the day is and even i think as jim and others pointing out the comments on friday where he seemed to be abandoning, walking back, watering down, you know, that kind of view of the purpose of this meeting is to get it over with. if they don't, you know, we're going to back up air force one if they don't put the nukes on it. we're out of there and go back to preventive attack or increased pressure. you know, wal

the u.s. economy is in great shape. owth is strong, labor markets are strong, inflation is close to target. the economy is very strong. the labor market is strong. growth is strong. overall, we have a really solid economy on our hands here. so, what we are doing is we are trying to conduct monetary policy in a way that will sustain that expansion. the main takeaway is that the economy is doing very well. most people who want to find jobs are finding them, and unemployment and inflation are low. jonathan: joining us at the table is colin robertson, andrea di censo, and alan higgins. let's begin with you, colin. i haven't heard, post crisis, a federal reserve leader sound that bullish on the economy. have you? colin: i have not. it certainly with the clip, he stated "strong" multiple times. i agree it looks strong now, but the real concern is what it will look like six months, nine months, and a year from now. the expectation with the fed moving forward twice this year is based on the premise that how things look now is ho

mexico has labeled the u.s. policy of separating migrant children from their parents at a border as cruel and inhumane the release of a recording of children crying has ramped up pressure on the u.s. president zero tolerance policy donald trump is digging in we want to solve this problem we want to solve family separation i don't want children taken away from parents and when you prosecute the parents for coming in illegally which should happen you have to take the children away now we don't have to prosecute them but then when they are prosecuting them for coming in illegally that's not good. we want to and the border crisis by finally giving us the legal authorities and the resources to detain and remove illegal immigrant families altogether and bring them back to their country meanwhile france and germany have called for a joint european approach to immigration german chancellor angela merkel has held talks with the french president emanuel ahead of a crucial e.u. summit next week has been given a two week dea

all the pressure keeps growing on u.s. president donald trump ministrations policy of separating migrant children from their parents at the border of mexico and american business leaders are the latest to join the chorus of condemnation following criticism by former first lady laura bush and even his own wife but shows no signs of backing down and has actually responded by ramping up the rhetoric. we want to solve this problem we want to solve family separation i don't want children taken away from parents and when you prosecute the parents for coming in illegally which should happen you have to take the children away now we don't have to prosecute them but then we're not prosecuting them for coming in illegally that's that we want to end the border crisis by finally giving us the legal authorities and the resources to detain and remove illegal immigrant families altogether and bring them back to their country well earlier mexico's foreign minister added his voice to those condemning the policy. i would like to express in t

they have long-sought the u.s. leaving the korean peninsula. they don't want those 30,000 u.s. troops so close to the border there. shifting from the summit to the central bank. especially here in the united states, there was much reaction because we're looking ahead to the today policy meetings. look at the board here. mixed trading at the u.s. closed. the dow had been lower for most of the day. you can see it close a fraction of a hair down. the s&p 500 was up by 2/10 of a percent there. that was the highest by february 1. not much of a positive there. the nasdaq is having for a new record high. let's lookurrencies as well. the bluebottle -- bloomberg dollar spot a rise. euro is flat right now as we head toward the ecb meeting where mario draghi is expected to talk about that. look at the mexican peso, crossing the 20 mark. this always ppens, it always weakens when there is more trade tension. the turkish lira, this is the biggest fall since the start of the month, 4.5 to the dollar there. finally, as we look new zealand and sydney futures are a little less listless. at the u.

we know there are none on the u.s. side and there does not appear to be any on the chinese side, and what they did with the reserve ratio is a signal they are digging in their heels on this as well. david: goes back to the issues of president trump, when he was campaigning, he said we were worried, but i got to office and said it was all fixed. >> this is the leverage china has, they have control over their economy in a way that we do not have in the u.s., and they will use that to leverage something out of this. whether it works, we will see. but it has already taken a toll on chinese stocks. and in the hong kong markets. we will see if the pain continues. david: the turkish election over the weekend, erdogan with a resounding success in his reelection. you can see how there was a relief rally, as the turkish lira jumped up 4% - -- alix: it has reversed now. david: i am behind the times. [laughter] alix: it is interesting, because i do not think of it is a broader e.m. issue, but more of a you won, now what? >> it was