a top economic official in china has been expelled from the communist party. according to china's state run news agency, liu tienan accepted huge bribes. the case is being seen as a rare victory for public efforts to expose official corruption. american actress karen black featured in cult films like "national" has died at the age of 74. she was suffering from cancer. in football, the london team arsenal has been drawn against a turkish club in the champions league playoffs. stay with us on bbc world news. coming up, offering food. zoo's panda pregnant? if so, who is the daddy? >> a team of scientists from the netherlands is preparing to race in specially adapted cars thousands of kilometers across the a sterling outback powered only by the sun. -- the australian outback powered only by the sun. >> is this the future of sustainable travel? cars powered by the sun. these science students are preparing for the world so rich -- solar challenge. it is designed to chance -- to test their endurance and the car's potential. is really cool. the race of electric cars t

. >>> stocks are rebounding after a top fed official said the economic official is too mixed to detailt strategy from mass still list and carl ieken said he's taken a large position in apple. taking a live look at the big board, the dow is up 48. the nasdaq is up 19. s&p is up 6. >>> justice department and attorneys general from six states and d.c. have filed and anti-trust lawsuit challenging an $11 billion airline merger. a lawsuit claims the merger of american airlines and u.s. airways would decrease competition and create higher fares and fees for customers. >>> a bay area state senator wants to crack down on doctors believed to be recklessly prescribing oxycontin. a concord senator is demanding the names of california doctors who prescribe the painkiller to drug dealers an addicts. he and a southern california state senator say the drugmaker has a list of 1800 doctors across the country who show signs of dangerous prescribing. only 154 of those names have been turned over to police. >>> an east bay city known more for wineries is gaining fame for its breweries. the city's first br

economic advisors. both have plus and minuses, the lead candidate thought to be larry summers. the fed chairman won't be attending. other top fed officials will be here like bill dudly, the president of the new york fed, jim from st. louis and john williams from san francisco along with christine la garza head of the imf and central bankers from around the world. big top picks will be whether quantitative easing will be working and if not, what the federal reserve should do instead. is the strategy adequate? the conference beginning tomorrow night with a dinner and academic papers and discussion over the next two days and i think one of the things i'll

economic summit in st. petersburg but a top official says he has no plans on meeting with putin. there are a number of issues on which two leaders disagree. both seem visibly upset back in ireland. remember this photo op? end with sell live at white house. weren't they showcasing russian cooperation? >> it was, pointing to the treaty and investigation into the boston marathon bombings. that was before the russians decided to grant asylum to edward snowden. today, folks here pointed to the lack of progress on missile defense, differences over civil liberties in syria. here is state department spokeswoman. >> we were not at the point in progress on number of these issues where a summit at the presidential level was the most constructive step, but at the same time you recognize there are many areas we need to continue to work on. >> reporter: she says the secretaries of of the state and defense but snowden will not be the main focus. >> the president is going to the economic summit. was there any discussion of him not doing so? >> he felt staying away would be cutting off our nose.

but a top official from the country's economic planning unit said home price increases in china's firstes are not serious, easing concerns about fresh property curbs. and look at markets today. poly real estate and vanke gained by 2% to 3%. in ingstill very much in play in japan. nintendo shares jumped over 5% today after its profits came in line with forecasts. and panasonic also sharply higher today, this as the company's operating profit beat estimates. another big winner, apple's components supplier muralta manufacturing, a record quarterly revenue. that's a recap of the asian markets, ross? >> sixuan, thanks for that. have a great day over there in singapore, great evening. >>> u.s. futures right now, the dow down 20 points yesterday. though up 4% on the month, second best month of the year for the dow and the s&p right now. we're pretty strong open, about 90 points above fair value. the nasdaq up 6% for the month of july. counting 19 points above fair value. the s&p up about 5% for the month of july, currently around -- just under 11 points above fair value. european equities have

top trade officials from japan and the u.s. say they will try to conclude a major free trade pact within the year. japan's economic revitalization minister akira amari and u.s. trade representative michael froman met in tokyo on monday. froman is visiting japan ahead of ministerial talks on the transpacific partnership in brunei on thursday. froman said he hopes to hold intensive discussions on remaining issues and work with japan to pave the way for a deal by the end of this year. froman said that the u.s. hopes to create new rules for trade and investment in the 21st century in the asia pacific region. amari said the two sides should work together to draw rules that could be shared by tpp member countries. >>> now, froman spoke to reporters after the meeting. he stressed that he would urge japan to eliminate tariffs on more products than it now plans. >> we understand that japan has some sensitivities, and it is not alone in that regard. tpp countries are addressing tpp countries are addressing their sensitivities in the context of negotiations toward a comprehensive high standard agreement where all goods are s

. >>> top officials from the 12 nations ended their first day of talks at the transpacific partnership ministerial meeting in brunei. japan's economic revitalization minister says political dialogue is needed to see a conclusion to the free trade pact by the end of this year. amari was among the 12 nations chaired by u.s. trade representative michael froman. the focus of this round is whether the governments involved can agree to speed up negotiations so that the pact can be concluded by the end of this year. that would require accelerated negotiations in areas which participating nations interests are likely to clash, such as tariff elimination on agricultural products. after thursday's meeting amari said all delegates share the goal of making -- despite their domestic efforts and proceeding with accordance with this schedu schedule. >> translator: at the level of the negotiators, every country will only be repeating their clai claims. i think we will need to have more political initiatives in the talks at the ministerial level. >> the talks will continue on friday. >>> applications for home loans in the u.s. have fallen to their l

i think restoring economic growth ought to be a bipartisan executive. priorityto be the top of every elected officialdemocrat. growth is foundational to everything else. if you want to turn around unemployment, we have to have gross. if you want to maintain the strongest military in the world to protect our national security, you have got to have gross. growth. [applause] how do you get growth? three simple steps. reining in the out-of- control spending and unsustainable debt in washington . [applause] last fall, i had the privilege of speaking at the republican convention down in tampa. i talked about our little girls. that evening, heidi and i got back to the hotel room, about 1:30 in the morning. i pulled out my iphone, looking at twitter. it so happens that all of poundstone, the comedian, was watching the convention that night. i guess she did not have anything better to do. she sent a tweet. she said, ted cruz just said when his daughter was born, the national debt was $10 trillion. now, it is $16 trillion. what the heck did she do? [laughter] heidi and i laughed so hard we almost fell out of b

economic advisors. both have plus and minuses, the lead candidate thought to be larry summers. the fed chairman won't be attending. other top fed officials will be here like bill dudly, the president of the new york fed, jim from st. louis and john williams from san francisco along with christine la garza head of the imf and central bankers from around the world. big top picks will be whether quantitative easing will be working and if not, what the federal reserve should do instead. is the strategy adequate? the conference beginning tomorrow night with a dinner and academic papers and discussion over the next two days and i think one of the things i'll listen for is whether or not the federal reserve believes the economy is strong enough to reduce the stimulus as soon as september or whether or not that will happen later. for "nightly business report" i'm steve liesman. >>> we turn to lee ann sundayers for her thoughts. liz ann, it seems like there was a lot of doubt, a lot of confusion about what was in those fed minutes, what the fed will do next. what do you think was the message of the markets, and just what do you think in general w

and as of economic turmoil in infighting weren't enough for al qaeda is now reportedly making southern libya its new base of operations a top official described how the terror network is taking advantage of the chaos and establishing itself in the south of the country by a editor of the pan-african newswire predicts that the instability will only get worse. this counterrevolution has been detrimental to the well being of the libyan people what we've seen over the last two years is a total disruption of libyan society in the area of the economy it has been the most pronounced we've seen the production of all cut in half because of the strikes and rebellions have been going on there is no plan for the national restoration of libya many of the key political players involved in an attempt to run libya right now divided over tribal regional as well as political levels and until the general national council of. reins in the militias and tries to bring about some type of national reconciliation process the economic decline and consequently the social instability will intensify that opinion there is not shared by everyone there and yeah my

economic growth ought to be a bipartisan executive. it ought to be the top priority of every elected official, republican or democrat. growth is foundational to everything else. if you want to turn around unemployment, we have to have growth. if you want to maintain the strongest military in the world to protect our national security, you have got to have growth. [applause] how do you get growth? three simple steps. finally reining in the out-of- control spending and unsustainable debt in washington. [applause] last fall, i had the privilege of speaking at the republican convention down in tampa. i talked about our little girls. that evening, heidi and i got back to the hotel room, about 1:30 in the morning. i pulled out my iphone, looking at twitter. it so happens that all of poundstone, the comedian, was watching the convention that night. i guess she did not have anything better to do. she sent a tweet. she said, ted cruz just said when his daughter was born, the national debt was $10 trillion. now, it is $16 trillion. what the heck did she do? [laughter] heidi and i laughed so hard we almost fell out of bed. i sa

top of the hour possible shakeup at the white house. charlie says national economic director sperling is likely to leave his post. no reason officiallythey are not denying charlie's reporting. charlie said a possible replacement could be the former acting director for the opposite management and budget. more in a live report in the next hour joining lori rothman and adam shapiro. time to make a little money. there is the graphic, notice means. charles following up on a stock he recommended back in may. huge profit reports. kudos to you. charles: they are up big time on it. here's the thing, a lot of reasons i love this company and the story. i love the guy who started it, barely escaped castro, has made it big realizing the american dream. also execution has been phenomenal. this company has been finding a way to get things done in one of these stocks i talk about a lot, and the format i have been talking about special i'm doing i'm making your market, 6:00 to 7:00 p.m. i talk about you want to find companies that are doing very well in domestic, globally, innovation and execution. topline revenues up 17%. globally they take their cu

officials to be accountable and do the right thing. going forward in the future, what do we need to do? we need to champion growth and opportunity. my very top priority is restoring economicrowth. it is the foundation of every other challenge we've got. whether it is unemployment, the national debt, maintaining the strongest military in the world. without growth, we can't accomplish anything. and with growth, each of those will be accomplished. the last four years, our economy has grown 0.9% a year. the last time of four consecutive years was 1979 to 1982. coming out of the jimmy carter administration, the same failed economic policy of taxes and regulations that produced the exact same stagnation. in my view, restoring growth should be the top priority for every elected official, republican or democrat. and how do we do that. there are three priorities that are critical to restoring growth. raining in the out-of-control spending and unsustainable debt in washington. last fall, i had the privilege of speaking at the republican national convention in tampa and i talked about the national debt and i talked about our little girls. i went back to my hotel room that night and

economic summit in st. petersburg, russia, but a top white house official said the president has no plans to hold one-on-oneks with mr. piewrten while there -- mr. putin while there. .. not setting a special meeting with putin during the g20 business. >> host: let me read to you a portion of the statement from the white house press secretary that came out just about 40 minutes ago. the press secretary saying that given our lack proving guess on issues such as missile defense and arms control, trade and commercial relation, global security issues and human rights in civil society in the last 12 months we have informed the russian government we believe it would be more constructive to postpone the summit until we have more results from our shared agenda. >> guest: of course that's right. another factor mentioned was the decision to grand asylum to snowden as well. carney saying disappointing decision to grant temporary asylum was a factor we considered in assessing the current state of our bilateral statement. that is a quote from the statement. he is getting repeated questions about this. as late as last nig

officials to be accountable and do the right thing. going forward in the future what do we need to do? we need to champion growth and opportunity. my very top priority is restoring economicrowth. it is the foundation of every other challenge we've got. whether it is unemployment, the national debt, maintaining the strongest military in the world. without growth, we can't accomplish anything. and with growth, each of those will be accomplished. the last four years, our economy has grown 0.9% a year. the last time of four consecutive years was 1979 to 1982. coming out of the jimmy carter administration the same failed economic policy of taxes and regulations that produced the exact same stagnation. in my view, restoring growth should be the top priority for every elected official republican or democrat. and how do we do that. there are three priorities that are critical to restoring growth. raining in the out-of-control spending and unsustainable debt in washington. last fall, i had the privilege of speaking at the republican national convention in tampa and i talked about the national debt and i talked about our little girls. i went back to my hotel room that night and pu

top officials. when he goes to the g-8 -- we expect that will be -- to the g-20, that would be on tuesday. that meeting, which is devoted to economicsria. now president putin is saying, well, everyone is there. we might as well take advantage of it, and talk about syria. but you can bet that either way, if there is some type of military action by the united states or if there is not, there is still going to be just over shadowing completely by syria. and i just want to say, bri and victor, when he calls them a provocation, i looked more closely. what he's saying is a provocation by the opposition. and this kind of fits with putin's message all the time that the opposition are really kind of trying to pull the wool over the eyes of the united states, that the u.s. is blindly accepting what they say. and yet he says, look, the united states, if you have that intel, have that data, give it to the u.n. security council. otherwise, as you put it, it means you don't have it. >> jill dougherty, thank you. thises definitely jill's area of expertise. >>> if you are road tripping, taking a turn here -- >> yes. >> some people are. labor day we

economic growth ought to be a bipartisan executive. it ought to be the top priority of every elected official, republican or democrat.foundational to everything else. if you want to turn around unemployment, we have to have growth. if you want to maintain the strongest military in the world to protect our national security, you have got to have growth. [applause] how do you get growth? three simple steps. finally reining in the out-of- control spending and unsustainable debt in washington. [applause] last fall, i had the privilege of speaking at the republican convention down in tampa. i talked about our little girls. that evening, heidi and i got back to the hotel room, about 1:30 in the morning. i pulled out my iphone, looking at twitter. it so happens that all of poundstone, the comedian, was watching the convention that night. i guess she did not have anything better to do. she sent a tweet. she said, ted cruz just said when his daughter was born, the national debt was $10 trillion. now, it is $16 trillion. what the heck did she do? [laughter] heidi and i laughed so hard we almost fell out of bed. i said that at