the u.s.eading on dangerous territory, reflecting the ambassador saying we are not afraid of it either. let's look at future setting up going into the start of trading in the next u.s. session. we had quite the decline when it comes to u.s. stocks. interesting how well telegraphed these actions were. u.s. stocks getting pulled back to the worst of that january-february selloff. we are seeing pain across asia. msci asia-pacific off by 1.6%. looking ahead to the chinese markets, front and center. given theseg .ariffs may actually what are we seeing? market staring down the black friday. the spat could hurt the global economic recovery. we could see a drop of over 900 points with all sectors being dragged into the meyer. -- mire. singapore down 2% ahead of inflation data. japanese stocks may have fallen to an october low. 10 five since november 2016. that put a dampener on earnings guidance from japan. , some korean suppliers are expected to be impacted by these tariffs. let's pull up the board a

u.s. process against u.s. companies involving u.s. account holders, there shouldn't be an wouldeven frankly that come up in that situation and so having a conflict of law analysis apply doesn't make any sense. other than that i think that's the only one i can think of in this context. know it has only been a few days since the act has passed. if you are thinking through the practical implications of how this, toing to use what degree would these kinds of factors sort of shape when you will use the process under the cloud act versus try to negotiate with the provider versus asking them to litigate? off the pointd richard just made at least when it comes to us investigations in her view this legislation restores the status quo. process in the way we always have and traditionally have always done with respect to crimes that we are investigating under violations of u.s. law. interesting ist the bilateral agreement that we can negotiate with foreign governments because that is something that didn't exist before. at least in theory what we

the global markets react to the u.s. crackdown on china the barriers to chinese exports are supposed to protect american security and jobs but investors are seeing the start of a trade war. and this trendy watch company in detroit is key for the city's economic revival but it can't do without parts from you guessed it china. and some for business on the w m how you know i guess welcome to the program china said it is preparing tariffs on american imports in response to u.s. penalties on steel and aluminum the take effect today chinese officials vowed to defend against an even larger number of tariffs signed by president donald trump global markets are already worried china could hit everything from american pork and apples to steel pipes its commerce ministry said it encouraged to negotiate but gave no deadline trump has demanded reciprocity in trade and is threatening tariffs on up to sixty billion dollars in chinese imports the chinese have said they'd prefer to convince washington to change course but they also say th

the u.s.hy now? biggests was the expulsion of the left the u.s. is undertaken. there has been a lot of pressure on the administration to get tougher on russia. was a flagrant violation of standards for conduct between countries. they've had a rocky start with the trump administration since he is taken office. he is looking for some support from the u.s.. to make this really sick, it had to include the u.s. and nato allies. it was a severe response by the u.s.. they'll make it interesting when they meet with putin sometime in the near future. when he talked on the phone. betty: i wanted to switch to trade right now in the comments fromg out we heard mnuchin. is it going to be brief respite? joe: it will depend on the negotiations. it was designed to scale back some of the tensions. it is part of what we saw with both administrations. the president makes an aggressive opening bid. you can see that with the steel and aluminum tariffs. we waited a little and sure enough, a number of allies to supp

the u.s.rading day. some weakness along the kudlow story. last indicator, we need to go into the mix until we hear from the fed. buy king dollar might be kudlow's message. matt: we saw three days of drops for u.s. stocks, three days of buys for u.s. bonds and that pushed yields down. i have a chart here, it is 8631 in the btv library. it shows you a reversal of a trade that have been popular on wall street. what we have been seeing is thestors buying especially big banks and shorting utilities are selling them in hopes that the interest rate increases would pay off for the banks and make utilities less attractive. over the last few do we have seen a reversal of that trade. does that continue, do we see a purchase of utilities as you see in the top panel and the selloff for banks. let's get the bloomberg first word news. for that we go to juliette saly. isiette: the u.k. government awaiting the kremlin's reaction to the expulsion of 23 of its formats after prime minister theresa may announced a

the u.s. has been trying to negotiate with north korea so that it would end its nuclear weapons programs many deals and promises have been made and just as many have been broken. north korea has said for many years now that it would never give up its nuclear weapons but now all of a sudden it says that it's up it's up for discussion that it could potentially give them up so it is a gamble that the trump administration has taken ok now you have to look at the prospect of a meeting between two world leaders who've tossed vicious insults publicly against each other what would be the timeline moving forward for the possible meeting between the two we're hearing that they could be as early as next. right and that's about all right now it's being said we also have a summit between president mungy and kim jong un coming up by the end of april so there's a real flurry of diplomatic activity happening but as far as the u.s. north korea summit there an exact time and location has not been set ok what ab

the u.s. does not want a trade war. what options did he put on the table? can do. is not a lot he he said, if the president wanted maybe some exemptions, but the president has not seemed to be open. perhaps he would be once he announced this. far, the only exemptions are for canada and mexico if they agree to u.s. terms on nafta. haidi: let me go to you. you are in beijing. any sort of response? garyn the heels of the cohn resignation, we have the story that we may get steeper tariffs and punitive measures. for this sort of perceived theft of ip. how strident is the beijing response likely to be? >> we are awaiting some sort of response from the finance minister. me on few feet away from the left. he is giving his speech before the people's congress. no comment yet. we are expecting foreign journalists, or domestic journalists, to ask about the threat of the trade tariffs. the chinese are probably scratching their heads, wondering what kind of counsel donald trump is getting. if you just have

u.s., european markets, asian markets never bounced back to the same extent. >>> we have team coverage of the global fallout to the new tariffs. eunice yoon is live in beijing, karen tso in england, but we start can kawith kayla tausche >> president trump's announcement that he would seek global tariffs stunned investors, white house staff, cabinet staff and close republican allies on capitol hill >> surprised whoever advised him on this ought to be reprimanded. it will cause higher prices and make us less competitive in the world marketplace. >> that was the chairman of the senate finance committee the backlash was swift and wide ranging. you had business lobbies coming out against the decision and u.s. allies like canada requesting exemptions. the world trade organization said the tariffs would break its rules. trump's move is a familiar one to the wto in march 2002 george w. bush slapped 30% tariffs on foreign steel that was met by retaliation from europe. a year after the tariffs were

u.s. army fought against others in africa. this is the 75th anniversary of the battle. this will be one hour. >>> good morning. how are you doing this morning. great. my name is stephen watson. i am the president and ceo here at the, -- the national world war ii museum in new orleans . i would like to welcome you to our symposium representing the 75th anniversary of the battle of the world war ii battle of kasserine pass . for those of you who come, we have a tradition and want to start by recognizing any world war ii veterans or homefront workers to please stand or wave to be recognized. i know we have one here in the front, bob wolf. [ clapping ] i would also like to ask all veterans that have served in other conflicts or peace tom -- peace time either stand or wave to record -- be recognize. we appreciate your service. thank you. >>> here at the national world war ii museum in new orleans it is our mission to tell the entire story of the american experience in world war ii. we obviously

union maybe the people think in u.s. and germany and europe that tariffs from european union towards us are higher then the other way around this is not true if you look to the. gated level of tariffs you see that it is close very close and so to say similar around three point five percent in general overall. but we also have some non-tariff restrictions and i think the reason restarting talk about what is in for better in federal trade relations is one maybe the positive effect of that but being saw in the last weeks you coordinate transatlantic relations for the german government we now see that there's a new national security advisor john bolton there have been three national security advisers in fourteen months we've seen the top economic advisor gary cohn leave also the secretary of state rex tillerson was fired how difficult is it for you to do your job when there appears to be a revolving door in the way. house's new administration. we had to go to experience as opposed to now leaving as eager to advise a. daily b

u.s.le is picking up and we are seeing growth accelerating. we have this late cycle fiscal stimulus on top of that. while inflation is not today's story, we think it will gradually pick up and this will allow the fed to move a four -- luke four times this year. jonathan: how pivotal is it that the doves are starting to sound more hawkish? r.j.: a think it's consistent with where the fed has been. while she is viewed as a dove, i get that, i think we have seen janet yellen, she became less dovish by the end of her term, multiple tidings by the dovish core setting baton tone for the leadership going forward, which will be gradualism. i think this employment report is up their alley. inflation is building but slowly, average hourly earnings still ahead of the inflation rate and gradual monetary policy normalization, they can stick to that script. jonathan: momentum in the economy is picking up. what do you think the fed is theg to deliver versus front at end -- the front end at the moment? gu

long trade dispute with china the u.s. president says he is protecting american security and jobs of the markets all more convinced than he's ever starting. to do business on crystal president the. and who takes pride in soaring stocks is rattling the markets global shares plummet as the united states in ounce a hike in import tariffs for china a key supplier to its massive consumer oriented market fears are increasing the donald trump is rushing headlong into a trade war with the world's economic powerhouse in asia china has already threatened to retaliate if the united states does not back down. now after an election campaign where he pledged to address china's seventy three hundred seventy billion dollars trade surplus with the united states donald trump ordered an investigation of chinese business last year is survey among u.s. companies revealed four main gripes first they claim chinese firms require foreign companies to form partnerships in china then steal technology and close down the joint venture second chinese c

economy u.s. business leaders and prominent members of his own republican party have warned his administration is courting economic disaster with the move with the stroke of a pen donald trump shook up international trade. the president signed the healthy new tariffs into law flanked by metal workers he said he was stopping what he called an assault on the u.s. . today i'm defending america's national security by placing cherubs on foreign imports of steel and aluminum. the levees will take effect in two weeks but steel industry executives in south korea set up a crisis meeting right after trump signed them now korea is threatening to bring its case to the deputy oh. we're actively considering filing a complaint with the world trade organization. we've already discussed the issue with the european trade commission and. other countries including japan and australia are trying to placate the u.s. they are praising washington for sparing canada and mexico from the tariffs on steel and aluminum and th

could a tougher u.s. trade stands vote for the tariffwtzs and this topic had to come up sooner or later anyway. it is too bad that a president named donald trump has to bring it up in a particular way. but china, if you look at the economic policy, and not just the trade policy, it is a catalyst in this nationalistic holocene. president only has 2.0,come president mao but like the united states, they have a long-term plan to project economic power, of which the biggest element is called one b elt, one raod, the new silk road they use the foreign investment to project economic power through the eurasian landmass in africa. they bought up the port of courageous and later announced -- very controversially so, not just to finance tech companies for the city grid, but a secret base, the late, but described the agency. but,it comes to forward when we are looking at china, it is about more than trade and we have got to bring this up. we have got to get them to the table and say, we are paying attention and we ha

qatar and saudi arabia so that's all u.s. allies u.s. allies exactly exactly yelena had been investigating a plane they departed from reactor airport five days earlier which she believes carried weapons to the middle east. you can see tongue fight where there are the words that this plane took several times and you can see places such as r r ion gotta exactly and also it has flights number mark which is very specific for the planes that are actually transporting military goods. this is footage of the plane yelena tracked it has been loaded with crates at least twenty u.s. military flights have left this airport in the past six months. and when we arrive at the airport we to see a plane cool greg. this is one of the busiest airports when it comes to players such as this one. is from the same airline and i have been investigating various really is pretty nuts it's just in the middle of a traffic junction. they are about to take all. their weapons there their problem. there is this huge fights that are happening it's running it all they nee

u.s. credit or em credit? guy: u.s. credit. r.j.: i would be on u.s. credit as well.emerging-market credit. jonathan: there we go. to wrap things up, a little bit of disagreement. thank you to our guests. that does it for us from new york city. we will see you next friday at a special time, 11:30 a.m. in new york, 3:30 in london. this was "real yield," this is bloomberg tv. ♪ scarlet: i'm scarlet fu. this is "bloomberg etf iq," where we focus on the rewards and risks of exchange traded funds. ♪ scarlet: the prospect of higher u.s. interest rates is prompting a rush of money into funds focused on banks and other lenders. we take stock of the flow into financials. join the crowd. american century, the latest big asset manager to enter the ecf space. edward rosenberg, a veteran of -- etf space. edward rosenberg, a veteran of vanguard, explains the strateg

i think the u.s. has done a disservice to itself and its own understanding of the issue by focusing very much on the legal distinction that it made between the pkk which is a designated terrorist organization by the u.s. and the eu and the ypg which is not. that legal distinction separates the two groups and also was part of the basis for which the united states was able to cooperate with the ypg. the reality is there are clearly very close connections between the groups. you have a movement of fighters between the groups. you have ypg forces in syria that have pictures of the leader of the pkk which the turks arrested with help in syria. there is clearly connections between those groups. in response your question, the u.s. has not been as sensitive as it should've been because some of the security concerns that the turks have. they have suffered more deaths over the years at the hands of pkk terrorist attacks that may have by some of these other isis related groups. there's also, as you said mixed me

the u.s. and japan had agreed to work together to try to tackle what is largely a chinese problem and now donald trump has blown apart that informal alliance by targeting. the e.u. at other countries so one thing that could happen is if you see an import surge of steel that used to go to the u.s. coming into the e.u. you could see a merge and see safeguards you could see retaliation against the u.s. protectionism and this could target politically sensitive things such as you know kentucky bourbon or wisconsin cheese which comes from the house speaker paul ryan's state to try and put the maximize the political pressure on president trump i think it's it's a very worrying development because i agree with the previous speakers that you know it might be about distracting attention and yes trump is erratic but the problem is is that when you act on the in the international sphere that those short term political maneuvers have lost and consequences and why do you think mr watkins that donald trump d

u.s. president says he will impose fresh sanctions in response to allegations that moscow battled in the twenty sixteen presidential election the u.s. has also joined other countries supporting britain in its standoff with russia. and its wings is a freezing with knights of seem to go on for ever and it has one of the world's highest suicide rates in the u.s. says it is the happiest place on which countries are to stay with us and find. i'm full go welcome to the program. u.s. president donald trump is to impose new sanctions on russia in response to allegations that it meddled in the twenty sixth us presidential election his latest move targets five organizations and nineteen individuals united states is also signed a joint declaration with france and germany in support of britain's standoff with russia over the attempted murder of a russian former spy in britain mr trump was asked if he thought russia was responsible. who was behind this mr president it looks like it i spoke with the pri

u.s., suggesting it is pretty solid. rises unlikely to happen and implications in the market. >> a very good day across equities. we are getting some dollar weakness as well. the dollar yen right now. on friday, -- lots more to talk about in the six hour of labor markets asia. let's go to paul allen with an update. administration says north korea will get no concessions at the end of any potential talks. he says kim jong-un must stand behind his offer before the meetings. no sitting u.s. president has north korean leader. -- is expected to announce the countries smallest deficit in a decade and plans to loosen overspending. eight years of public spending cuts have taken a toll. >> be deals worth more than $16 billion. agreement.e an france and india agreed to .olster cooperation on trade ostrava's government has to not a security deal with the u.s.. trump said on friday he was working on a security agreement. he says the two countries have a trading relationship based on quality. >> it is

as the u.s. would act we were told that over the weekend these preparations were being made and in fact on sunday evening when we were told that they would be back down simmons early this morning we kind of figured out that something like this might be up in fact actually talking about allies i think reuters is reporting now that canada is expect a russian russian diplomats as well who are also being accused of being spies by accountable so we did know this but you know you've always got to try and separate what donald trump says his actions his sense of well you know it looks like the russians did it when he when he was asked about this alleged russian attack in the u.k. with the rest of the administration the state department the pentagon the u.n. mission elsewhere where there is actually a very very bad relationship right now with russia on all of the other on all of the in all of the other all moves of government and in fact you know the latest strategy reviews everything else russia has been

u.s.ities snapping back after the biggest weekly route in two years. later in terms of the markets, and show no fear. we are seeing this reflected in terms of the turnaround. can it last? it is an impressive two day moving average, but a question whether sentiment has been damaged. that is the question really for these markets. that is the move in the markets, can it sustain and in the news that novartis is selling their stake in consumer health care to gsk. it will be paid for in cash. int is an interesting line terms of the cash take on this deal. anna: we will keep watching the m&a story. this is what it looks like now in terms of the u.s. answer to your question about whether sentiment is damaged, it seems to be be returning in the asian session. , and we will be talking more about oil. , we will be hearing more of our interview later in the program. let's get an update on first word news. the u.s. and its allies are expelling more than 100 russian diplomats in response of the nerve ag

the u.s. and buying utilities. we will see if that comes to europe as well. how does the gmm look? guy: the kudlow moment was interesting. the markets have a mixed feeling about what is happening at the white house. the replacement for gary cohn. china is bouncing back a little bit today, up by around .1%. theresa may had a decision to eject the russian diplomat from london. we'll see how the response come through and we will be in moscow very shortly. at the moment, the yen is bid with the risk-off sentiment coming through. aussie on offer as well. .2%.ussian ruble of i let's get a bloomberg first word news update with juliette saly. the u.k. government is awaiting the kremlin's reaction to that expulsion of 23 of its diplomats after prime minister theresa may announced the move in response to the poisoning of a former russian spy and his daughter in britain. russia is likely to at the very least expel a similar number of british diplomats while a statement from the foreign ministry suggested

the u.s. army after serving more than three years' active duty, including a one-year deployment to afghanistan. he had a number of military dedecorations, including a an et rifle marksmanship badge. president trump has reiterated his calls for the u.s. to impose the death penalty on drug dealers, praising countries like the philippines, china, and singapore that apply capital punishment to drug traffickers. trump made the remarks during a campaign-style rally in moon township, pennsylvania, on saturday. pres. trump: when i was in china , and other places, by the way, i said, mr. president, do you have a drug problem? no, no, no, we do not. huh, the country, not much of a drug problem. i said, what do you attribute that to? well, the death penalty. amy: during the rally, trump also lashed out at potential rivals in the 2020 presidential election, including oprah winfrey and senators bernie sanders and elizabeth warren. trump also blasted nbc news political director chuck todd as a "sleepy eyed

president donald trump wants to reduce the u.s. has a trade deficit with china is this strategy of his not working that well that's hard to say you mean donald trump strategy yes indeed yeah well that's hard to say so far i mean until now we see we would probably see the first tariffs come in to. come next friday what would be the impact we don't really know. yeah you might say it's sounds like on is responding to this but as i said i am not too sure whether we should take this seriously i don't have an answer to that now but there's bellinger in beijing thank you know with the threat of import tariffs looming u.s. trade partners have been showing varying reactions japan for example has refrained from loud criticism hoping to be exempted from the levies the u.s. hopes are the same the strategy is different there's more. japan is the world's second largest producer of steel after china and behind the scenes tokyo has been using its diplomatic skills to convince the u.s. of how important relations between the two countries are for ex

whether the u.s. will put down some barriers in terms of preventing chinese companies getting such ready access to tech companies >> clearly you're on top of these companies. how far away are we from meaningful changes to ratings around the credit worthiness on the back of a storylike this >> on a story like this? this will take time to play out to see the economic impact and affect certain sectors the weaker players in those sectors would be affected. you can see in the u.s. on the back of the steel and aluminum tariffs there was positive reaction initially to the tariffs being imposed for u.s. domestic steel and aluminum producers. so it will have some effect. it's fairly marginal unless the negotiations really do become very protracted and the whole situation escalates significantliment. >> paul, nice to see you >>> let us move on north korea and south korea will hold their first summit in more than a decade this will happen on april 27th this after seoul and pyongyang agreed earlier this month on

more today u.s. president don't trump slapped china with fifty billion u.s. dollars in tariffs and he said there will be more as for europe trump says he's willing to talk no tariffs to ny but no promises for tomorrow i'm bringing off in berlin this is the day. we have right now an eight hundred billion dollars trade deficit with the world we have europe they have barriers that they can trade with us but we can trade with them we have australia we have argentina the word is reciprocal if they charge us we charge them to say that we have brazil and we've had this abuse by many other countries. and obviously korea but we have one particular problem and that's china i can't believe we've been able to take advantage of the united states for so long so those days are over. also coming up tonight facebook c.e.o. mark zuckerberg finally talking germany's government wants him in berlin testify. i'm demanding an explanation of why this could have happened with a chairman users in accounts very fact it and what facebook intends to to stop anything like this from happen

u.s. president donald trump has said he will slap new tariffs on imports of steel in alameda for a five gene will mean fossil data types but times hotter than fourteen we bring you the stories that are shaping the economic world we live in counting the cost at this time on al-jazeera. it's well known to the united states exports billions of dollars worth of arms to its allies which isn't as widely understood is that many of the guns it sends into wars in the middle east are so sure of munitions manufactured in eastern europe so how do the supply routes function and waves of the weapons go in the first of a special trip cross investigation into u.s. arms sales giuliana rufus has been to investigate. that. everywhere. there were three know that. you're controlling the. june two thousand and seven efraim given rolly a twenty one year old arms dealer from miami beach is negotiating a three hundred million dollar ammunition for the u.s. plan to go on. his albanian contact because the tributes i

to brief the u.s. on their meeting with kim jong un they said that the leader of north korea kim jong un had told them that he understands that these military exercises must go ahead that seemed to be a sharp turnaround from military exercises in the past when north korea reacted very angrily to their going ahead seeing them as it said a rehearsal for invasion even though south korea and the u.s. have always maintained they were defensive in nature so they are now show jule to go ahead on april the first they were postponed because of the olympics and paralympics that were being held in south korea but because of this apparent assurance from north korea it's hoped they will pass peacefully folly thank you for that kathy novak live for us in seoul in syria more than sixty civilians have been killed in the last remaining rebel held parts of eastern ghouta they were killed in attacks by the syrian military and its allies another thirty five people died when a rocket fired by rebels landed in a market in a

the u.s. neil, if i start to really freak out and want to run for the trenches, what do you recommend? do you like the yen? i am looking at gold. 2%. has moved over safe do you go for havens? neil: definitely the yen looks a safe place to go and definitely theidering the underlying middle of the nikkei, it looks gold. it does require the dollar weakening from here. ironically, i still granted the 10 year treasury and if everybody feels a bit more risk off, despite the turbulence in washington and the u.s. treasury, locking in at 0. 8% is a good place to start. guy: neil duane stays with us. -- neil dwane stays with us. yesterday reckitt rallied. 4% and the london market is down by 1.4%. that is a live shot from the frankfurt stock exchange. icing, this is the deutsche bank asset management division. we will bring you an interview later on with dws' ceo. this is bloomberg. ♪ guy: welcome back and you are watching the european open 11 minutes into the trading session and the stoxx 600 is down at

u.s. labor market will help wages and spurs what is described as moderate inflation. and a health check on japan and expectation for exhilarated growth. we are headed live from tokyo. ♪ ramy: good morning to you, you von, and happy international women's day as well. it wasn'te markets, so happy because of the aftermath of gary cohn's resignation and a lot of investors are looking for some caution in the trade. taking a look at the nasdaq, it was up by a half of a percent. and then paired with losses, let's hop onto the bloomberg #. i want to show the reaction from gary cohn's resignation. the line had fallen and paired with the 10 year you could see that falling coming to the flat line, and there is a recovery here and the next question is how will the asia-pacific and justice. yvonne: we see how tricky it is to call these markets. one day we are risk on and the next day risk off. exceptionsre will be here like the likes of canada and mexico, and i feel like there is upbeat signals when it

the u.s. down 100, it was down 200 earlier but this is a volatile market. s&p futures down by 8 points, nasdaq futures down by 47 and quite honestly for the month of march, this could be the worst performer for the dow in 17 years. david nelson, chief strategists, sean ohara, good morning, gentlemen, what a day. start with you, sean, what exactly is affecting the markets today because it seems like there's a perfect storm of events? >> i think it's a combination of things, i think that the ongoing political turmoil between trump administration and the -- and mueller combined with the budget that seems, you know, out of control, $1.3 trillion spending bill that gets signed last night. that's weighing on the markets, facebook story, anemic story and i think part of it is just normal cycle stuff, i mean, stock markets go through corrections, this is a correction. i think we all felt really great when the correction lasted only six days but that's not really what is a normal correction looks like.

u.s. headquarters agreement. you can you can look at our tree section and read section thirteen be for yourself and evaluate it for yourself or if one you told us to read thirteen b. and see whether what we thought it said was like the secretary general think to for the reasons i just explained i wouldn't venture an opinion on that for just out of sheer niceness inconvenience to you i will read to you section thirteen be at the stage bear with me because it is long. as the united states need to provide evidence of this espionage to the un and russia i've said what i can say at this stage but at the same time a white house spokesperson says that the us is ready to cooperate with russia a message that clearly contradicts washington's actions the president still remains open to working with the russians on areas of mutual concern counterterrorism for example and others now with this latest decision in relations between the two countries are add an all time low so we'll just have to wait and see what happens while re

u.s.ts level. debt trackingi the two-year treasuries. day asling for a third u.s. stockpiles are seen expanding. iron ore gaining ground in percent., up .04 iorn ore irn o -- picture, i want to look at the fortescue. at stock was cut to sell more globalooks than cyclical. creditors are not going to make an interest payment due on march 9. most stocks are sliding. electronics and financials weighing the most. samsung under pressure that china may acquiesce to american pressure. biggestkers among the laggers. cosco leaving that industry decline as industries digest implications of the trade deal. on inter-korean ties may generate business for builders. elevator rising and declining from --declining from other stocks that are associated with china. rishaad: having a look at more details and confirmation of that mysterious visit to beijing. with that story in the rest of the first word news. paul: chinese state media confirms north korean leader kim jong-il was in beijing. -- jong-un was in be

the u.s. has said to incur broad tariffs on chinese imports and takeover. good into thisng asian session when he came to geopolitical aspects. it has seemed this has shocked the system and asia session. we also learned that the president is going to be canceling that's meeting with some of the top-level executives, which are still consumers, which gary cohn was supposed to host. absolutely not. things are going to get a little not just between u.s. and others, but also in the markets. but crossover to washington. but set over to joe, who has more details. yes it is.r is thinning out this is a shock, but not particularly a surprise. gary cohn was one of the strongest voices for what might be termed as the conventional economic outlook globalist perspective, if you will. that was left in the white house. he has been clashing with trump on a number of issues. he was set to prepare his resignation last summer after the trump comments of clashes between protesters and white ander -- white supremaci

shery: the u.s. trade representative has yet to come out with a list, a finalist of items, and they will do so in the next two weeks. do you expect any concessions or coordination on which items could be included were left out? -- or left out? ambassador cui: we always believe that any disputes, any differences between the 2 countries should be worked out by dialogue and consultation. but we certainly will not yield to any threat, coercion, or intimidation. the sort of u.s. actions, will they have any impact on china's support dealing with north korea? well, i think: these two issues are different ones. at the same time, if anything is the that would undermine broad mutual confidence between the two countries, it might affect other areas. but we will have to wait and see. shery: those areas include foreign policy? see whatr cui: we will is done by the u.s. side, then we will decide. shery: bloomberg news also reported that china could be considering cutting back on its purchases of u.s. treasuries. t

if we talked about u.s. influence in the region, we can go back to the 60's, but at least for this specific operation, we have to talk about 1991 host of u.s. led coalition bombingtetetetetetetetetetetetef iraq that were described as surgical strikes, but it targeted water a and elelectricy chools,s, bridges, hospitals, left the country and humanitarian crisis. after this terrible situation, the un's sananctions that were terrible for the iraqi population and pushed by the u.s. administration at the t t e reconstructed was plunged into a deep humanitarian crisis that destroyed its middle-class, weakened to an extreme levels.s. before the ascension, with a free and strong education system, good health care system for functioning states. this is the situation that characterized iraqi in 2003 when the invasion happened. the iraqi society had a ready been brutalized -- had already been brutalized by violence, repression of the different uprising in the north and south. in social and economic and humanitarian cri

the u.s. nuclear umbrella, u.s. capabilities. we need to keep all these in before we get overly excited about the summit. in the north korean press, they ma, other official channels to communicate this. they were really silent about the summit for about two weeks. they finally said something, but it was more of a warning to those to not ruin the atmosphere, whatever that means. what happened in the north jong-unress is that kim about thehis cadres potential federation of the korean peninsula, and how they will achieve federation. what does it mean? korea and about south what is happening right now, the issue of constitutional reform in south korea. bit, therea little was a committee formed in the national assembly in south korea. it was around february or march of last year. draft of up with a over 100 changes to the constitution. one of the key items was liberal liberal from democracy as the basic order of the republic of korea. some in south korea, because the idea of democracy is so valued,

a u.s. russia's strategic dialogue is following president putin's public address on march the first when he referred to several new nuclear weapons russia was reportedly developing including a cruise missile and a nuclear underwater drone which is not currently limited by the new start treaty and would be destabilizing if deployed. in further now joining me live in the studio to discuss this further what would you say has prompted the senators to write this letter well it really does feel like putin's addressed earlier this month did prompt this and really hit its target of getting the west's attention and while this letter is directed at the secretary of state rex tillerson it urges him to begin strategic talks with russia without delay and within that there's also contain warnings and accusations towards russia the allegation that russia is in violation of the i.n.f. treaty is repeated it within there which of course russia has repeatedly denied and there are also calls to extend existing

standoff with north korea u.s. president donald trump is agreed to meet with north korean leader kim jong un a surprise announcement that's earned measured praise from other key players in the crisis china and russia other purcell's korea that appears to have convinced trump and kim to soften their war of words and embrace diplomacy. this is the man doing the running between pianka yang and washington d.c. and he's failing reached a major milestone. i told president president from you know meeting north korean leader kim jong un. is committed to do provide. him pledged that north korea are really good friends from any for the new clear for this sort of tests then he expressed this league honestly we need a president that's on as possible it is a sentiment shared by the u.s. president who confirmed that a meeting is being planned. the historic breakthrough comes after south korean negotiators held talks in pyongyang on monday it was here they learned that denuclearization was on the menu. far from giving up their bo

u.s. nationals to bring action against foreign countries they believe may have assisted acts of terror within the united states u.s. president donald trump has replaced another senior member of his team veterans affairs secretary david is the second cabinet secretary to leave over a travel expense controversy. to replace him with his white house doctor ronnie jackson a south korean delegation is on its way for high level talks with north korea in the demilitarized zone that separates the two countries they're expected to finalize the details of kim jong meeting with south korean president. this comes just days after. to beijing where he met the chinese president xi jinping there's been a riot at a jail inside a police station in venezuela tear gas was also fired at family members demonstrating outside the facility. they're demanding to know what happened to the prisoners dozens of inmates are thought to have been killed but there's been no official word on the number of dead or what trigge

the u.s. consulate in st petersburg shut down some sixty diplomats ordered to leave the country by the middle of next week sweeping russian retaliation. there will be mirrored measures but not only stopping events the u.s. ambassador is invited to our ministry where my deputy would deliver him the content of these retaliation re measures against the united states they include the exposion of a similar number of diplomats and they include our decision to withdraw our consent to the operation of the united states consulate general in some petersburg as for the rest of the countries everything that concerns the number of people who leave the russian federation from diplomatic missions is also mirrored signal at the root of the dispute the alleged poisoning of a former russian double agent on british soil with a russian designed nerve agent russia vehemently denied any involvement but in a coordinated move more than one hundred fifty russian diplomats have been expelled from some twenty seven west

whether the u.s.f to a containment policy, if the talks fail, or a legitimate do nuclear station -- denuclearization cap, it is essential. we are in a new paradigm of nuclear proliferation among what had been nuclear robes. -- rogues. china is a signatory to the armistice that ended the korean war. move fromre to replacing the armistice with a peace accord, beijing would have to be party to that. they are eager to be party to that. if there is an opening with north korea, china is the best for that economic rehabilitation. china possiblys has used this to gain leverage on d.c. since we have these trade tensions. we are seeing a more coordinator response when it comes to russia. allies, wep has told will exclude you from steel and aluminum tariffs if you help us target china on ip. does that strategy worked? reva: i see those two as pretty distinct. what we see on russia is this long-standing tension between russia, getting along -- lot of play over the poisoning, fake news, the e.u. starting to take a

u.s., japan and taiwan. this is being hosted by the center for strategic and international studies. it should be getting underway shortly. >>, good afternoon. i am chris johnson. i want to thank everyone for joining us today trilateral relations. i would take a moment to introduce our speakers and then we will get right into it. it is the maritime self defense forces in 1979 as a graduate of the national defense academy where he served on ships as an operations officer. he has 35 years of professional and managerial experience in the defense is the area area is also degrees have included serving at the programming generation center which developed into a summary for systems and serving six times at the maritime staff office of the ministry of defense where he was in charge of welfare, education operations and intelligence area he also served in japan's u.s. embassy and his final government assignment was as regional command. for the responsibility japan, korea, australia and new zealand. t

u.s.onsumers to make up a majority of economic growth, you might still be ok here in the markets. just to say whether markets ended on friday, these were the mixed clothes at the end of the session. you have the s&p and the nasdaq climbing. you can see it falling about 71 points. saye the consumers might this. >> this a better with a close, that could be a good tailwind here in asia. that is picking up here, that is the big event risk for most of the asia region. we are treading water right now when it comes to equities. we are seeing our shares gain about a 10th of 1% here. australia, we are wrapped up when it comes to earnings season. we are looking for some fresh direction here and we are seeing the open much flat. 77-62 for this right now. we are seeing a spike up of about four basis points. we are talking about this heaven trades, it is the haven of choice for the speaker. this is what we see when it comes to that yen strength. we could see more call back here . let's get to our top s