of course, the u.s. has its own issues. the u.s. will have a midterm election coming soon so politicians need to do something in order to win the election. wiinistration there are personnel changes. you know that better than i do. it turns out that the hardliners are now taking more important positions whereas the pro-trade officials either left voluntarily or involuntarily. so now let me focus on the factors for the process of trade imbalance between china and the u.s. if you look at the overall balance of payment that is one person desk -- that is 1.4% of the gdp from last year. on a bilateral basis china's trade surplus of the overall trade deficit. this is greater -- the largest partners combined. mexico is number two malaysia is number nine but all of these account for 44% of the u.s. trade deficit. politicians will definite pick up china to reduce the surplus against me. i think there are a number of factors behind the bilateral trade imbalances. also the u.s. overall trade imbalance. one is the role of llar. this shows that b

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

of course, the u.s. has his own issues. for example, the u.s. is going to have a midterm election coming soon. so politicians need to do something in order to win the election. within the administration, their personnel changes. so you know that better than i do. it turns out that the hardliners are now taking more important positions when they pro-trade officials either the left voluntarily or involuntarily. now let me focus on the factors. and that trade imbalance. if you look at the overall imbalance of payment china's surplus stood at 1.4 percent of the gdp from last year. however, on a bilateral basis, china's trade surplus against the u.s. account for 46 percent of the overall u.s. trade deficit. this is greater than the largest trade partners involved. like mexico number two, malaysia number nine, but all of this combined account for 44 percent of u.s. trade deficit. so politicians will deftly pick up china. you need to reduce your deficit, your surplus. i think there are a number of factors behind the bilateral trade imbalances. and also

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

u.s. trade and investments in latin america. the panel was asked about the impact about the president's tariffs on u.s. trade partners including canada. this house foreign affairs subcommittee is about -- one hour and 20 minutes. >> acorn being present, a subcommittee will now be in order. i would like to recognize myself or opening statements. the western hemisphere possesses tremendous opportunities for further economic growth and u.s. business engagement. the united states already has significant economic interest in latin america and the caribbean's. it is the largest single source of foreign investment for many countries. we are also the top trading partner for most countries in the region and have free trade agreements with 11 countries and bilateral investment treaties in international investment agreements with 19 countries in the region. hedging in seeing the region from some countries that don't always play by the rules, which undermines u.s. economic interests. china has signifi

the u.s. in july as larry kudlow says that president trump is not solely responsible for rising tensions. >> don't blame trump blame the nations that have broken away from those conditions very important point all right? trump's trying to fix this broken system. >>> and the shares fall as the drink maker's flat dividends disappoints investors although cognac sales help. >>> warren buffett and jamie dimon are teaming up in a tv first, our u.s. colleagues will speak to the sage of omaha and jamie at 12:00 p.m >>> good morning, again. welcome to "street signs." we were just talking about the delayed open of the ftse 100 you can see it's just opening up behind me about 40 points higher, about 0.5% roughly we have got a bunch of stocks going -- so that's taking off about ten points from the overall composite. but as you can see, the ftse 100 is starting off on a firmer footing. let's switch and talk about the action in europe this morning. of course we did have a stronger session in asia as well sa

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 dr

tariffs on u.s. products or taking other measures the german steel association fears that it could lead to even more trade barriers and further economic damage. i'm not joined by our correspondents terry shoals and brussels tara let me start with a quote europeans will gain nothing through weakness the american president will never respect europeans weakness that's what the french finance minister has. told reporters i found monstro quite conciliatory than they're little by. the e.u. angry at all. well of course you've got to remember that the syrian moms from speaks for twenty eight countries it's not as easy as speaking for your one single government but i was at this briefing with cecilia mom sherman i didn't get the sense that she was being complacent at all she said unequivocally that the u.s. will not get its wish to have negotiations treatment though she actions on other sectors as long as these import tariffs remain in place and this morning federico mo greeny said you know the e.u. is a proj

the u.s. session, the dow is still down .4%, and we saw a decline in the s&p 500 again. interestingly, consumer staples selling off quite a bit over the course of the session. the nasdaq, after flirting with no change most of the day, slightly in the green. we see strength in large-cap technology. the dollar going sideways, but really maintaining its uptrend. if you take a look at the bloomberg, without a look at the u.s. currency along with the 10 year yield, not changing much on the day. reassertion seeing of the correlation between the two. that seems to have broken down once again as the dollar continues up and yields do not. they go sideways to down, yvonne. yvonne: you see these bouts of volatility. that plays at how out into asia. the set up so far looking mixed for asian stocks. a pretty ugly day yesterday. the benchmark drifting to the lowest on these trade tensions. new zealand down .3%. aussie futures pointing to decent gains. pretty muteds today. career really has been taking the b

so often puerto rico, particularly among u.s. historians is not seen as part of u.s. history, or it falls through the cracks of latin american history or u.s. history. the puerto rican studies association is a place where it's a very vibrant interdisciplinary conversation but because of the history of puerto rico as a colony, it doesn't fit neatly into the geographical categories so it doesn't get the focus for that reason among u.s. historians. >> right now puerto rico is in the headlines as it tries to recover from an awful hurricane that basically devastated the entire island, infrastructure. so many now are leaving and coming to florida and elsewhere in the u.s. does any of that surprise you based on the history that you've researched in puerto rico? >> no. everything that we're seeing is a continuation of a legacy of the unequal status of puerto rico in relation to the u.s. federal government. it's an unincorporated territory. it has secondary status. and this is, you know, the federal response, the availability of supplies, all these things were affected precise

u.s. tariffs on european metal are in place we ask can america's love affair for a highly engineered german cost survive washington's new round of tariffs on imported steel also coming up u.s. soybean pharmacist via a worsening in u.s. china trade relations but will their worries be heard in washington. welcome to the business of so far we have u.s. tariffs on european steel and alan many on but u.s. president donald trump could go even further and slap tariffs on german cars media reports suggest he may even want to ban german luxury car. it's because he says there are too many of them on the roads of america and too little u.s. cars in germany but are you as motorists interested in switching from b.m.w. to fort. richardson gauge the mood on the streets in the u.s. capital. luxury german cars are a common sight on the streets of washington d.c. and the idea of blocking their import isn't so popular. people want to buy german cars they should be able to buy german cars if not they want to

news line from the countdown is on u.s. president donald trump north korea supreme leader kim jong un in singapore in hotels less than half a mile apart as final preparations for the historic summit are met. alexandra phenomenon is there. anything that comes from the security in. just a few hours on the ground in singapore for the president and summits between u.s. presidents don't trump and north korean leader kim jong il and. also on the program and get america describes president trump's withdrawal from the weekend's g seven joint statement as sobering and reiterates the european union's determination to retaliate against u.s. tariffs. i'm phil gale welcome to the program. preparations for tuesday's historic summit between u.s. president donald trump and north korea's supreme leader kim jong un in singapore are in full swing president trump has met with singapore's prime minister at least scieno at a working lunch if tomorrow's event happens it will be the first time a sitting u.s. president has ever met with a north kor

because u.s. banks were unwilling to convert the funds, despite requests from the obama administration, ultimately the bank of moscot was unable to affect wait the conversation using the u.s. dollar. the u.s. state department said that they converted it into euros using european banks. the only reason the transaction wasn't executed is because the two u.s. banks refused dpite pressure even though the dmims asked them to help -- administration asked them to convert the money. after the treasury department issued the license, the obama administration maintained the false notion that it had not provided iran access to the u.s. financial system. on april 5, 2016, ambassador thomas shoon said, there is no exchange of dollarse the u.s. financial system. we have not allowed an access to our larger financial system. end quote. on may 25, 2016, the acting under secretary of treasury for terrorism and financial intelligence said, quote, buty y what i said here today and i know he was looking forward to me b

the u.s.s following a different path on and and leading a more protectionist policy approach right now, there is still a chance that all those other countries that are united in the g7 and g20 and the member states of the wto will be able to carry on and stick to the global liberal international order. melinda: do you really think they will get to any topics at the summit besides trade? laura: i sure hope they will because there are really big crises like the ones in syria and eastern ukraine, other topics that are really relevant that we should be talking about. topics l like equal rights s for womemen. ifif you look at the a agenda fr the g7, also climate change. these are really the topics we should be talking about rather than getting into those fights. the u.s. is giving its official justification for notsing these tariffs, unfair trading practices, actually, but national security by proceeding under what is a fairly obscure national law rather than under standard wto procedures. is the u

the china u.s. about face from a couple of days ago when it says it's when it said it was going to go ahead and impose tariffs on chinese goods when it had said that they were going to put this on hold so it will leave u.s. officials as well as chinese officials without much certainty that what they work on this weekend is going to have much effect florence thank you. now the israeli military says its jets have targeted ten sites belonging to hamas in the gaza strip and just two munition manufacturing and storage sites were hit earlier israel said it intercepted at least one rocket fired from gaza over the city of steroids rocket sarin have been activated in southern israeli areas bordering the gaza strip. well earlier on saturday thousands of people attended the funeral of a young palestinian medics shot dead by israeli forces at the gaza border on friday twenty one year old on the job and volunteering since the weekly protest began in march but since then israeli soldiers have killed at least one

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 pri

the u.s. says north korea will only get sanctions relief after takes verifiable and irreversible steps to denuclearization defense secretary james mattis was speaking on the sidelines of a defense conference in singapore he made his south korean and chinese japanese counterparts to discuss the upcoming summit between u.s. president donald trump and north korean leader kim jong un. to. be very aware of the good of. all. of. this part of the israeli military says its jets have targeted fifteen sites belonging to hamas in the gaza strip it says two weapons manufacturing and storage sites were hit earlier israel said it intercepted three rockets fired from gaza sirens were activated in southern israeli areas bordering the gaza strip. and just thirty protests in jordan of into the fourth day in the biggest demonstration against the government in years riots police used tear gas to break up a rally near the prime minister's office in amman protesters are calling for the cabinets resignation after mi

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 p

u.s. as the two nations hold talks avoid a trade war. and jane in this is al jazeera live from doha also coming up. oh my god the fourth day of anti austerity protests in jordan in the biggest demonstration in the us. nobody understands what we're feeling ok because many people there are in their homes their old king. six months after hurricane maria hit puerto rico hundreds are still struggling to rebuild their lives. the leaning tower of baghdad calls to repair iraq's crumbling area to be ignored. china has issued a warning to the united states if it goes ahead with imposing trade tariffs and any agreements to end the dispute will be void u.s. commerce secretary wilbur ross has been holding talks with chinese leaders in beijing he said the meeting so far have been quote friendly and frank the two countries of straitened to protect tariffs on goods without two hundred fifty billion dollars each on stories live for us in beijing so it's all over what's been achieved. while it appears that

and how that is positive for the u.s., but we need more u.s. companies speaking out and speaking frankly, andharing stoes i needed to say that. i will mention to other examples that caught my attention. one of them has to do with north dakota. this is not a border story. more along the northern border. --y republican state senator the republican state senator from north dakota, 30% of edible teens are bought by mexico. mexico. are bought by what would happen if there is a tit-for-tat that affects agricultural trade? is bank to nafta that the u.s. can export agricultural products to k a go, including from north dakota. this is not a border issue. but these tit-for-tat tariffs, wto tariffs can go away. gracias, after. -- nafta. this is an aside. who is buying inedible beans? story abouther energy interdependence. mexico, the u.s., and canada had noth [indiscernible] but we have to work together to take advantage and andrew provides a great example to go back, he also studied at san diego. mountainous region between tijuana and mexicali. places a

one u.s.ommentator said when tariffs were first announced that this would later be regarded as the day the wto died -- the wto. is there something to that argument? problem we's another tend to forget, and that's u.s. policy toward the wto and the court system. a disputes the settlement of the wto, and the u u.s. is currentny blocking nominations of judges, and that's a major problem because in any kind of dispute settlement process that we might end up in between the u.s. and eu and also canada, mexico, and youthe other countries, don't have a functioning dispute settlement system, so that is the bigger problem, i would say, rather than talking about .ariffs on steel we should probably focus our attention on that problem. then the u.s. is sort of leaning back and saying we need reforms, but then there are no proposals for what kind of reforms they are looking for, and that's a problem, so we need to get back eithernegotiation table at the g7, g20 level or in wto membership and discuss those p

if the u.s.oses its senses and publishes such a list, china will have to take comprehensive quantitative and qualitative measures to retaliate forcefully. the trade work waste by the u.s. will counter the market rules. talking about being blackmailed by the united states, this is strong language. jane: it is, but trump uses strong language. we do have the november primary, midterms coming up. that is going to be quite crucial in the republican party. that is hurting the soybeans and primers. -- farmers. quite a bit of headlines in the newspapers about how high the cost could be for u.s. farmers. that is something which hurt. effects.the secondary what australia and countries like that? will have to do some of their farmers? there is a huge amount of secondary effect going on in the economy. the surrey much depends on how bad this trade spat goes. anna: have you contextualize this? how do you make sense for the yen to be trending this morning. falling below a key support level. we see money coming

rate decision from the u.s.fed on wednesday and on thursday a monetary policy update from the european central bank or watchers of course will be expecting an update on the health of the eurozone especially given italy and a sustainable at that levels you know that thank you very much. begs it's must be looming but so far investors appear on the want to buy its trust in britain it seems remains high according to a survey by a consultancy firm young the u.k. still the number one destination for foreign direct investment in europe last year saw six percent hike in investment projects that creating around fifty thousand new jobs the main reason increased involvement by u.s. companies also on the we get healed so the u.k. meanwhile is germany which has also seen investment projects klunk by six percent. the danish capital of copenhagen that wants more honest billboards on its streets we all know it's quite tough if not impossible to look like the models featured in those that's because many of them of course photosh

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

he was the u.s. attorney for the southern district of california and he did quite a few things in between that and homeland security, including being the head of the public schools in san diego. san diego unified district i believe it's called. and secretary of state in the state of california, which is an analyst position, as well. he's always had a special commitment though his works globally and statewide and locally, he's been from local government up to global concerns has always had a particular interest in how the u.s. and mexico and work together and how this comes together. and antonio ortiz menna joins from the stonebridge group, adjunct professor at a university in mexico, and also a visiting professor at the end and wash school at georgetown university. he was the minister counter of the economic affairs. before that, some of you will remember his academic life. we were both grad students together. we talked together at the same .ime for pierce smith we were teaching students back in the

the u.s. suppliers. it is very interesting, acting within hours of the list coming through, but certainly very much aiming to hit at the heartland support base, the commodity states that voted for trump in the first place. they will be hardest hit. take a look at how we ended the week. that is going to dictate how we start trading in asia. board to's show the remind viewers where we ended. by far,ed, not a rout but the dow is down. the s&p now down .1, but the biggest loser was energy because that was down 2%. aside from the trade war seem, we have to talk -- theme, we have to talk about oil. opec is meeting in vienna. oil was moving on friday. we were not sure if there would be a deal or not. iran, iraq ando venezuela, they will not say if they don't want anymore production to come online. we will see what happens. haidi: they could be quite a messy opec meeting as we get into that, the end of this week. some think decisions, bank of england, the fed speak in general. will be watching out for

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

makes the u.s. senate look pretty easy, 60 out of 100 hand in this forum you need everyone agree to move forward in terms of ambition. where do you think we are in terms of holding that ambition together, ambassador hart, and where do you think we are in terms of the coalition that is really going to move forward in this time when as todd said the u.s. is pretty much on the shrines, at least in the formal negotiations? >> thanks a lot. >> thanks a lot. . first, let me thank wri and my colleague and good friend todd stern. we sat across each other many long days and nights and. very often opposing each other but we became friends. i want to say what occurred in paris a couple of years ago where despite enormous differences around legal form, around the intricacies of the agreement and necessary approaches to stop this global prop, countries coalesced around a very ambitious agreement. no one got everything that they wanted. we wanted those targets that todd spoke about to be very ambitious and legall

u.s. president says he's willing to escalate. they are now suffering the the 2008xit this sense meltdown. in hong kong, i am rishaad salamat. haidi: in sydney, i'm haidi lun. coming up, oil sliding ahead of what could be a fiery opec meeting with iran leading something of a rebellion. this is "bloomberg markets: asia ." rishaad: just to seeing hong kong closed. shenzhen and taipei as well because of the dragon boat holiday. concerns about the trade war getting worse, but a bit of world war. moment. have it at the that's the picturof what's happening. that one. close for there we have it. haidi. haidi: we are talking about last week being the most important week of the year for investors. we might get more market reaction. we spoke about the concerns over trade playing out across the commodities market. copper, soybeans, cole. we have seen that reaction across the commodities complex. could be a contentious messi opec meeting, divided going into friday. you are seeing declines when it comes

so u.s.they sell their , rather through fdi trade.rough so when you abrogate everything together, u.s. firms likely sold more things to china than chinese firms to the u.s., in more recent years. rishaad: how much did u.s. firms sell in china that? that should be what we are looking at, and vice versa? datai: up we aggregate the together it is about $400 billion, $400 billion worth of products. looke net balance, if you at it that way, it is actually very small. the latest data from the u.s. government, from the bureau of economic analysis shows that china runs a small surplus in 2015 of about $20 billion. that surplus is shrinking as well. if you look at the trade site, china renick huge surplus. best china ran up a huge surplus. i think the bilateral trade element is very misleading. thei: talking about de-leveraging side, the negative side effects we are bracing for was maybe a flurry of defaults. a litmus test of whether the government's and policymakers are willing to allow the market fo

the u.s. aircraft is a long way to fly, it is very expensive to fly an aircraft six hours over the korean peninsu. maybe there are elements of the exercises he has picked up on. but it is pretty vague at this point and i gather that the korean government were surprised so hopefully these details will come. what is your reaction? >> i would say a step forward but at the same time, where are we? i think two people, mr. trump and mr. kim, made an agreement from which we can go anywhere. i have already four different scenarios in my mind. one is ok scenario in which north korea will take the necessary steps for denuclearization. i don't think they will denuclearize quickly and comprehensively. but they can take steps gradually. the u.s. and north korea can decide to improve directiond it seemshat kim jong-un is actually very interested in his country's economy. the second scenario i have is a bad scenario in which we go back to crisis situation. trump expects a lot from north korea and if north ko

alix: if i am a u.s. i get supplies from china, or i am a company in china and i call you, what do you tell me to do? questionthat is a hard for american firms that have to plan ahead. i think they have to proceed as business as usual, that be mindful of having a backup plan. david: do you have a sense within the administration of where the power is? president,the ultimately, but we hear conflicting reports that secretary mnuchin is not entirely approving of what is being done. do you have a sense that is overblown or is there some dissension? deborah: we see weeks in washington that are describing different parties of who is on what side. what they have done, if you look at when they all took a trip to china, there was a consensus leadership. you had four cabinet secretaries who went to china, each with a portion of it. , he is inary mnuchin charge of financial services and the investment coming into the u.s.. secretary ross was responsible for promoting exports and is responsible for getting the chinese

security council the u.s. blocked to kuwait backed resolution calling for the protection of palestinians and then failed to get any support for its own resolution condemning hamas for the on the wrist. space new prime minister has been sworn in pedals sanchez replaces marianna recoil lost a parliamentary vote of confidence on friday because of a corruption scandal within his party. a french newspaper says saudi arabia is threatening military action against cattle if it buys russian four hundred missiles and one reports the saudi king told the french president his country will retaliate if acquires the anti aircraft defense system saudi arabia the u.a.e. egypt and bahrain have imposed a blockade on cattle for the past year. professor of conflict resolution at george mason university in the united states he says the saudis are showing no sign the gulf crisis can be resolved soon. world this new thread showcases the three year still maintains its impulses views of the small nation of the neighborhood so after one

the u.s. 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 sort of 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. it was quite shocking when we 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:

in the u.s. victims of sex abuse by the catholic church have reached a two hundred ten million dollars settlement with an archdiocese in the state of minnesota the money will be split among some four hundred fifty people abused by priests in the area. now to fears of a possible global trade war europe says april retaliate after the united states impose tariffs on steel in alum india on the european union the e.u. says it will take its trade dispute with the u.s. to the world trade organization later on friday and that's according to the e.u.'s foreign policy chief fredricka she said though the dispute would not overshadow other aspects of the transatlantic relationship union not at war with anyone the european union is a peace project including on trade and we believe in. global free fair trade and we will continue to do so this is why we are multiplying the trade agreements with our partners in the world this is our clear position on global trade having said that clearly the european union has t

u.s. and north korea now back home. i'm sammy's a than this is a lie from down also coming up. they did not act as a representative of the united states only but they acted much more as a present of israel it's a. us blogs a resolution to protect palestinians but it's an effort to denounce hamas fails. and reports saudi arabia is issuing new threats of military action against qatar. and the new prime minister takes over in spain faces immediate challenges. june twelfth summit between the u.s. president north korea's leader is officially back on donald trump made the announcement following a white house meeting with pyongyang former spy chief general kimmitt. only a week ago he canceled the summit blaming was a cold tremendous anger and open hostility from pyongyang mike hanna reports from washington. hughes cameras focused on the room where the meeting was taking place for just over eighty minutes then president trump emerged to announce the summit was back on will be. meeting on june twel

u.s. president's new taxes on steel and alum in the john hendren reports from washington donald trump isn't backing down. with days to go before the g. seven summit in canada the economic alliance is fractured the allies are angry and openly talking about a possible trade war we we think this action is inappropriate we think it's absurd to consider canada a security risk the united states and therefore we've taken a targeted and considered approach to retaliation france's foreign minister also says unless the u.s. reverses its new tariffs on steel and aluminum from europe canada and mexico a trade war is just a few days away. at a meeting ahead of this week's g. seven summit in canada u.s. treasury secretary steven minucci and tried to his ways the allies president trump has been very clear in wanting to address trade issues i don't think in any way the u.s. is abandoning its leadership in the global economy quite the contrary i think we have very broad objectives that are that are across

you notice in the u.s.ess the republicans in congress are now expressing concern about trade policy and beginning to about some of the tariffs he wants to impose, especially on europe where he claims national security as a rationale. g7's, theof these statements go to the trash bin as soon as they are signed. the only reason this might become an issue is because trump has not signed it. maybe cooler heads will prevail and they will reach a compromise and move on, unless he wants to make a specific point on his own. caroline: we will see how. the body language might tell us all. thank you very much, indeed. here is what is coming up in the next half. an exclusive interview with lazard ceo ken jacobs. from former hear governor, ambassador, energy secretary bill richardson on the summit between president trump and kim jong-un. a quick check in on the markets. we are currently off on the s&p 500 by .10%. we are seeing yields fall ever so slightly, 2.96% on the u.s. 10 year. up 3%,le, the euro is causing a head

displeasure with u.s.foreign policy including not only the war in vietnam but also the 1965 intervention in the dominican republic support for military dictatorship in covert intelligence operations abroad corrode it the assessment that it provides anti-communism and containment over other priorities. as consensus we can members of congress asserted themselves more forcefully in the policymaking process and at times used their control to wield influence. the book shows how a act of his lawyers and legislators involved in human rights work brought new opportunities to shape u.s. foreign policy. human rights are closely linked with domestic concerns about civil political economic and social rights during the 1960s but the 1960s social movements were not just an inspiration to americans concerned about human rights but they also gave them license to criticize other countries records. during the eisenhower years americans have been aware that the country's record on race relations left it open to consider crit

the countdown is underway for a story between the u.s. and north korea president donald trump has been in talks with host nation ahead of the. one time shot at north kim jong il and also preparing for an event he will be watched by the whole world. there for the latest coming up. hope this man thought his older brother had died during the korean war but a letter smuggled from north to south proves otherwise follows the search for his long lost family. goes on damage control after trying to slam the g. seven over the. withdrawal from the joint statement and union will retaliate against us. and it's for as far as the bashing the strong message from formula one rivals mercedes the german converts pole position to the canadian brawn. takes the lead at the top of the championship standing by just one point. and welcome to the program the countdown is on for tuesday's historic summit between u.s. president donald. from a north korean leader kim jong un and preparations and host country singapore are in full swing president trump has been meetin

companies like u.s. steel are going to have to cover it all which sounds like a good thing but these companies haven't been able to work efficiently follow prices that is why in purchaser of imports were flooding the american market in the first place so there are a lot of potential losers here i mean as we've heard time and time again a trade war will only hurt both sides does trump think he can keep things from spiraling out of control at the same time as getting what he wants. i think he's making a calculation and calculates the costs of terrorists through higher prices as less harmful than the competition with the e.u. or canada mexico china and he is also trying to live up to some pain promises he has made especially to voters in the rust belt and to industrial companies it might not make sense economically especially as the trade deficit is not necessarily going to spring fed way with retaliation from so many different sides with hurt mexico and canada the us are not going to be able to export more

u.s. president h ever reed to meet with a korean dictator before. they've sought this for decades. kim jong un has wanted this for years. his father want td before him. his grandfather wanted it before him. all u.s. presidents have been asked. all u.s. presidents have considered it, at least to a certaidegree. none of them have said yes. why did this u.s. president agree to this meeting? why give north korea a one-on-one in-person summit wth this pageantry and all the honorifics? after every other president said no why did this president say yes? what was it for? i mean, north korea made no new promises in order to get this summit. no new promises about their weaps program or their own behavior toward their own people or anything else. the nor korean dictator did reassert what has been a long-time vague assurance from the north korean government that they seek to denuclearize the korean peninsula. but you what? north dictators have been saying that to the united states in the context of va

u.s.tocks president trump remains his heart stands on china trade. great the dow is on his longest slump in more than a year after six straight losses. treasuries rise with the dollar. ranil under pressure as i rejects the potential opec output compromise ahead of friday's meeting in the anna. next but it's a bright future for solar and wind power. a new group -- bloomberg report sees them generating half of global energy by the year 2050. hello from sydney where it's just past 8:00 a.m.. were 12 away from the open of -- away from asia's market open. how the openok at here on wall street will play into the asia-pacific trading day. it was red across the board, in large part or whole part to what was happening between the u.s. and china. donald trump coming out with yet an additional $200 billion of tariffs on chinese goods after raising it 10% p.m. you can see the dow down one point 15%, six days down, six days in a row. the s&p 500 down .4%, the lowest since the start of this month. the n

tariffs on u.s. products are taking other measures the german steel association fears that it could lead to even more trade barriers and further economic damage. well for more on this we're joined by our correspondent teri schultz ate at brussels now terry the e.u. trade commissioner said to them has said that when it comes to america first it will be met with europe united well it will block now be an agreement as to how to respond. so far it looks like it will be helena you know some of these measures were already teed up before today in the expectation that trump would follow through on these threats as we know the complaint has been lodged at the w t o already and the lists have already been drawn up of the u.s. products that will be targeted and all this left now is for member states to agree on which one of them is will one of them which ones of them will be selected for the important duties and so there could be some differences of opinion and we've seen a reaction that ranges from very strong

u.s.cks down yesterday the april.nce emerging markets continue to be under pressure in the early parts of today's session, the chinese markets still -- the chinese equity market still in negative territory, down .6% right now on the shanghai composite. pressure is coming through on the chinese equity market. risese heard mixed from the trump administration in regards to what the report on friday will say about investments in the u.s. tech sector. we have heard from navarro and mnuchin, and corporate as well, about the impact that trade tensions are having on their facilities, jobs and pricing. thinking of harley davidson, so there is lots of talk about now. the dollar is on the back foot once again, the yen getting a bit of a safe haven bid. 10 year treasury yields, another asset that is pretty unchanged, 2.88%. it shows how far we have fallen on the u.s. 10 year yields in the last week or so, really focusing in on the trade story, manus. manus: yes, we will get robert wheres's opinion pie

>> u.s. stocks jumped the most in three weeks as tech rebounds, but it is another miserable day for emerging markets. >> the fed forces six u.s. banks to scale back shareholder payout, while at deutsche bank unit fails the test entirely. continues,uan slide authorities intervening at a key psychological level. >> and president trump praises foxconn as he tours the new wisconsin point. -- plant. sydney. from we are just past 8:00 a.m. here. just past 6:00 p.m. here new york. we'll be looking at how the asked -- action -- small pullback in bonds. it is not so much about what happened but more about what did not happen. we did not get any major tweak or statement from -- tweet or statement from president trump on trade. gave the stock market a little relief. of course the nasdaq held by the rebound in tech stocks. everyone watching bank stocks after several days of declines. worsening developments in this trade tiff. not a terrible open set up for friday. just getting underway. also a little mor