this is targeting $60 billion worth of u.s. goods. they would kick in after the u.s. imposes its $200 billion around augustfs and early september. $110e talking a total of billion of u.s. goods coming to the chinese market that would face tariffs. $130 only imports about billion worth of u.s. goods. at the bottom and you have small aircraft that will be hit with a 5% tariff. .t the higher end you have 20% some of the products are less consequential. are importedcells in small numbers to the chinese market. , that is a lng growing export industry for the u.s. where the tariffs could have an impact. kudlow, we heard from him. trump was not going to back down and that the chinese thoughtaken if they adding and publishing this list was going to change the direction of travel for the u.s. president. both sides ratcheting up the pressure. theill be looking at markets. particularly, given the actuals from the pboc to make it more expensive. we have economic data out that will give us a clear indication as to the impact of the trade tensions. the fx reserves will give us some

u.s. will go ahead with a further $16 billion and china will match it. china has outlined $60 billion worth of goods that will be hit if the u.s. goes ahead with $200 billion the day of outline. we looking at five percent to 25% on 5000 different categories of products, so the higher-end of the tariffs will target products like meat, week and lng. -- wheat, and lng. this additional list outlined by china doesn't do much to add further pain to the u.s. agricultural sector but in terms of lng, there is an impact. we saw some of those players in the u.s. market falling. that is one to watch. china has said it will not be bullied or blackmailed. as you have been discussing, we have been waiting to hear from clarity from china how they plan to respond if these tariffs are put in place. we got more details friday. now we are looking to see what happens with this consultation in washington towards the end of august. then the end of august, early september, you could get additional $200 billion worth of tariffs imposed and retaliatory measures and's tips from beijing -- and steps from beijing. ramy: tom mac

proposing import tariffs on $60 billion worth of u.s. goods. u.s. b growth slowed in july, the unemployment rate dropping to 3.9%. newport, tennessee. good morning. caller: good morning. i have a couple of things to say. you hear trump turning around and saying they are taking our jobs, they are taking our jobs. 20 years ago, you will remember this, the stock market turned around and said we were going from an industrial company to a services country. the warning was there. it's just the way it goes. iran a company -- i ran a company in new jersey for many years. i started my own business -- i'm 73 now. that's what made me able to retire. with these tariffs, unemployment in the next year, lightning is going to strike the u.s. when it comes to unemployment. because of all the jobs that will be lost. the steel industry, that didn't help. ofown with a population 5000, 2000 are working at a plant. host: karen has this tweet -- toys "r" us now out of business, shedding 32,000 retail jobs, affecting the unemployment numbers that came out yesterday. jeff jo

you are talking a total of $110 billion worth of u.s. goodshich will see some duties levied on them if these all get in place. on the other side, the u.s., potentially $250 billion. at the tariffs are imposed on the chinese side, you are 15%-16%at average tariffs on u.s. goods, the level china was at before they joined the wto. over the last few days, we had comments out of state backed media saying the u.s. was irrational when it comes to trade and china will fight. you have the rhetoric, and the proposals, a hardening of the stance on both sides. rishaad: tom mackenzie in shanghai. , china banking corporation. up 2.1%. this is one of singapore's big three lenders. we had you will be and dbs reporting -- uob and dbs reporting. profit beating estimates as lending income increased and alone allowances -- loan allowances fell. expected to hold. last week it was cut to neutral at j.p. morgan. the stock fell the most since february. , they work tosmc recover from a computer virus. there is reduced revenue because of the impact on factories. this i

firing back with more tariffs on u.s. goods. the turkish lira is rebounding slightly against the u.s. dollar today, which is at its highest level in over a year. trade investors keep a close eye on the situation in turkey. futures point to lower open. data on 34 come s&p.zip archive, nasdaq down 3.5. you can see the shanghai composite is down over 2% in hong kong the hang seng is down 1.5. the ftse is down about six by five points. cac and dax are slightly in the green. lauren: i went to generous to his dancing her way to a wal-mart near you. "fbn:am" starts right now. drink 25:01 a.m. here in europe in wednesday 15th. good morning and cheryl casone. lauren: hump day. we're halfway through the week. on lauren simonetti. thank you for joining us. tim valencia one-time trump critic was defeated to reclaim the republican nomination for governor. he was defeated by jeff johnson, a rising newcomer allied with president trump. democratic congressman keith ellison scored a big dream days after domestic abuse allegations surfaced agains

so far, china has threatened up to $110 billion in u.s. goods. president trump has also threatened to target everything the u.s. buys or $500 billion in chinese goods. tariffs on either side would hurt consumers and businesses. u.s. companies pay to import goods and higher costs would mean they raise prices or cut jobs. tariffs are causing a south carolina company to nearly layoff all of the workers. it imports parts from china to build tvs. it blames the closure on u.s. tariffs. >>> firefighters in california starting to make head way in the fight against the mendocino complex fire. the largest fire in state history. the fire scorched 302,000 acres. the inferno is now 47% contained. we have stephanie elam with more. >> reporter: that blaze there is part of the firefighters starting here. the controlled burn. they doing this to burn out the fuel here because as the winds pick up in the afternoon and humidity drops, that fire on the other side of the ridge behind that fire could spread. they are trying to make a stand here to stop this fire from gr

your turn, china retaliates by slapping a tariff on billions of dollars worth of u.s. goods just hours after we did the same. and those trade jitters were felt on wall stree >> to your health, cvs defends its business model and etna could transform the health care industry. what that means for companies and consumers. >> and all in. how massachusetts casinos ama ng a push to close the gender gap. all that and much more tonlyht on "nigusiness report" for this wednesday, august the 8th. and we do bid you good evening, everybody and welcome. china has fired the latest salvo in the month-long trade tiff with the united states. the chinese ministry of commerce this morning announc a 25% tariff on $16 billion worth of u.s. goods. some of those items this time beg targeted include cars and motorcycles, various typ of fuels and fiber optic cables. t just yesterd u.s. trade representative's office released a finalized list of $16 billion worth of chinese goods and it will be put into effect srting august 23rd. that brings the total value of chinese goods facing a 25% tariff so far to

u.s. consumer goods. things that you might buy off the shelf and might go up by 25%. at is the much more serious issue. it's funny that the president will be -- the u.s. trade representative will be having a discussion with the public the same day that the delegation is supposed to be talking to the delegation as well. >> when i saw that headline cross, i thought this is clearly an obvious play to say the wall is here right in front of us. we have to make a decision. one other thing that president trump is saying, he is happy with a strong dollar where he was trying to jawbone it lower. what is the reason? >> what they are saying, the strong dollar in the context of a strong u.s. economy. we are leading the world in terms of growth, the dollar is very strong and the confidence is with the u.s. and what our policies are. those are the policies achieving this growth. you could argue whether that's true or not. the u.s. is doing very well. we don't need to be the first ones give up anything here in this trade skirmish. >> the flip side of that is what happens to the offsh

this move on friday, hitting out with a threat on $60 billion worth of u.s. goods, a proportional response to trumps own threat on $200 billion of chinese goods, shows they are in this for the long haul. they are not going to lose face by not responding. they want to appear strong. you mentioned state media, which has come out fighting, once again pushing points about the u.s. blackmailing china. the global times, one of the more ribald tabloids, quite interestingly saying china is happy or willing to take a bit of an economic hit to persevere with this trade war, which is an interesting perspective. anna: saying the chinese have put up with a lot of in the past, suggesting they can again. what comes next? we heard from larry kudlow before the weekend. he was pointing us towards an offering. there were high-level negotiations and stopped taking place. what do you think? understand,r as we -- >> as far as we understand, there have been talks with representatives of trumps administration and some representatives of china. we are not talking the kudlow level, but thos

dig into the details here china said it would impose tariffs on sixty billion dollars worth of u.s. goods including coffee honey and industrial chemicals the statement came after washington stated it was considering new duties on two hundred billion dollars worth of chinese goods and a list of products to be targeted by the u.s. target is extensive but mostly focuses on chinese produced telephones t.v.'s other high end technology items well i'm very happy to say that we've got live on the president going through this with jeffrey albert executive director of lassez faire boots on the thing wished fellow of the foundation for economic education good to have you back china has again decided to respond to the threatened u.s. tariffs with tara of their own how much longer jeffrey could this tit for tat go on . well i'd like it to end today and in fact it never should have begun because the only victims here or american consumers american producers chinese consumers chinese producers there's nobody who wins from a trade war unfortunately what happened. starting last year we got a president who

taxes on some u.s. goods yesterday. was a lot made about erdogan's attempt to get people to aitch from iphones turkish-based android phone. give us the latest. we had a combative speech from the turkish president and the threats he made, very clear. also, pointing to the united states in who was to blame. not just a tax on the turkish economy, but others around the world. the terrace, they are calling proportional response to tariffs the united states slapped on turkey last friday around the dispute on the american pastor being held in the country. these are significant additions in tariffs. rice,onal 50% tax on u.s. 140% on u.s. spirits, and 120% on cars. turkey firing back and all off the back of very strong optics from here. the russian foreign minister in town yesterday, and the qatari leadership expecting to have talks with the turkish leadership later in the day. domestically, the conversation will focus on the ramifications and damage of the current value loss in the lira. we are talking 30% in a matter of a mont

li all, the items comprise roughly $60 b in the u.s. good as china imports lots u.s. ods than vice versa. larry kudlow anowledges the items are want engaged in trade etalks. >> i heen involved in the u.s.-china talks. there haven't been a talks recently. wroen what they're doing. the white house said it's open to furth discussion. in recent days i can report there has beene s communication for the first time in a good while. meantime, they're calling for a de-escalation of a trade war and that doesn't appear to be in the cards for nightly business report i'm kayla tausche in washington. >> nowerhere's anoroup concerned about trade escalation that would be the apple industry. appl farmers think the tariffs of mexico, china and iia will cause serious damage and take a bite out of their business. seema modi is in walden, new york, for us tonight. >>er >> chris bros apple orchard in new york harvested 20 million pounds o apple last year and have been graduallyas increg the amount of apples they produce, partially thanks to growing demand from overseas. d the onset of tarif

boycott of apple i phones the government announces a huge and important tariffs for a wide range of u.s. goods we'll have reactions from the streets of istanbul. and u.s. style conditions in european airports one year after the takeover of germany's former second largest airline the air berlin rival. yet again it's good to have you with us turkey is taking its diplomatic and trade dispute with the united states to the next level slamming tariffs on a variety of u.s. products american rice will see a fifty percent tax beverages will pay one hundred forty percent and other consumer goods like tobacco and cosmetics will see tariffs of up to sixty percent the move is part of a response by the turkish government that also included a call by turkish president of egypt type edible on to boycott u.s. products including the i phone the president who as you can see was actually once a fan of apple products is now switching to another rant the question is will his people do the same. the second most sold smartphones in the country. but president. is calling on his people to boycott american brands and sw

they taxed $60 billion worth of u.s. goods in response to the u.s. taxing $200 billion worth of chinese goods. when the rhetoric starts and begins t seems to do so from the president's own twitter feed. he tweeted tariffs are working big time. every country on earth wants to take wealth out of the u.s. and talks about the needake more goods in america. it culminated in this editorial. let's put it up from the china daily. beijing must remain sober-minded and never let emotion overright reason. danny, i think you are automatically sober if you use the word hull ba loo in an international message. >>> this morning hollywood is mourning a beloved actress. >> say, you two. there is a fresh apple pie waiting for a celebration to happen. >> mrs. garrett, your apple pie is a work of art. >> such a bright boy. >> everybody's favorite house mother, charlotte rae who played mrs. garrett has died. she was battling bone cancer after surviving pancreatic cancer earlier. she got her break when norman leer cast her as edna garrett in different strokes. she got her o

headquarters here in doha also ahead turkey's president slaps more sanctions on u.s. goods blaming washington for the slide in the lira. let the trucks rolling again israel reopens the only commercial crossing into gaza. and india's prime minister unveils ambitious plans for the world's largest public health care scheme. italy is launching an urgent check of major infrastructure across the country after the collapse of a motorway bridge in genoa thirty seven bodies are so far being pulled from the rubble that the huge section that came crashing down on tuesday morning around thirty five cars and trucks were thought to have been on the bridge when it gave way sending them tumbling into a riverbed a railway and industrial buildings firefighters and search specialists from across italy have been called in to dig through the concrete and steel in a moment we'll go live to natasha butler at the rescue site but first this report. from the air the scale of the devastation is clear a huge section of geno's marandi bridge simply government. the bridge collapsed on tuesday morning du

measures into effect on beijing said it would impose tariffs on sixty billion dollars worth of u.s. goods including coffee and industrial chemicals statement came after washington stated it was considering new duties on two hundred billion dollars worth of chinese goods the list of products to be targeted by the u.s. tariffs is extensive but mostly focuses on chinese produce telephones t.v.'s and other high end technology items jeffrey albert tucker editorial director of the american institute for economic research believes there can be no winners in a trade war. well i'd like it to end today in the fact that never should have begun because the only victims here are american consumers american producers chinese consumers chinese producers there's nobody who wins from a trade war and there doesn't seem to be any end to it and i think there won't be any end to it for a very long time as a matter of fact if you look back to march peter navarro the trade advisor at the white house said. no countries would dare retaliate against us tariffs so i have the sense that maybe there was a certain lev

he said it would impose tariffs on sixty billion dollars worth of u.s. goods including coffee honey and industrial chemicals the statement came after washington stated it was considering new duties on two hundred billion dollars worth of chinese goods the list of products to be targeted by the u.s. tariffs is extensive but mostly focuses on chinese produced telephones t.v.'s and other high end technology items jeffrey albert tucker editorial director of the american institute for economic research believes there can be no winners in a trade war. well i'd like it to end today in the fact that never should have begun because the only victims here are american consumers american producers chinese consumers chinese producers there's nobody who wins from a trade war and there doesn't seem to be any end to it and i think there won't be any end to it for a very long time as a matter of fact if you look back to march peter navarro the trade advisor at the white house said. no countries would dare retaliate against us tariffs so i have the sense that maybe there was a

point to the fact that china is running out of u.s. goods a can add additional tariffs to. another one is the fact that this is a sector of industry that has trumps support and one the president would like to see do well. there may be a political element to that. china has also been working pretty hard to diversify a way particularly with the middle east building ties. they're heavily dependent on many of these products from the u.s.. they imported about 4.4 million barrels of fuels in the u.s. -- from the u.s. in may alone. in june, they were the largest importer of crude. further down the road this could come back. the other energy area that the chinese are looking to target is lsg. the chinese want to use lng to a greater extent because it is a cleaner fuel. it would impact the u.s. exporters as a growing industry and equally drive up prices and to not transition from cold lng and make it more to difficult -- more difficult. kathleen: maybe both sides are showing the other i can take the pain of a trade war, how about you? china's correspondent, tom mackenzie, joining us

china has said it has its own list of $60 billion worth of u.s. goods that it would target if those additional 200 with the billion dollars -- $250 billion worth of chinese goods are hit. we heard about potential discussions at the lower levels, but no potential talks at this stage. it is all about ratcheting up these tariffs from both sides. china in the meantime, has taken additional steps to try and support the yuan. what do we know? is it likely to have an impact? tom: yes, so this was a meeting that the pboc had with about 14 lenders here in china, in beijing yesterday, and they told these banks to avoid heard behavior. d behavior. they said they had plenty of tools. and tryld not step in to mitigate market forces, but they also said the fundamentals of the chinese economy would stabilize the currency, and of course, this comes after the pboc put in place those reserve requirements on friday to make it more expensive to short the yuan. of course, after these comments from a senior researcher, someone very close to the pboc, saying you will not cros

china vowed tariffs on $60 billion of u.s. goods. retaliation if the u.s. follows through of $200 billion of tariffs on chinese goods. wall street closed higher. it has been a strong second quarter. corporate profits are up 23.5%. that is a second best quarter since the recession. 400 of the s&p companies have reported. some recognized brands are on the way. snap and disney and viacom and 21st century fox. >>> last week, apple was the first to cross the $1 trillion in value. who is next? alphabet and amazon are second to the top. no surprise that they are all tech giants. the best performing sector. they have been largely immune to the trade threats. >>> hundreds of thousands of almond milk recalled because they may contain actual milk. fda announced some cartons of vanilla almond breeze may contain cow's milk. it has a use by date of september 2nd. it is safe to drink unless you have a milk allergy. right now, it defines milk as coming from animals. it could force companies to stop using the word milk in drinks with soy and almonds and coconuts. >> this is

u.s. passenger cars, coal, and other goods, and announced a boycott of u.s. electronic goods. these angry turks tore up fake s llar bills in protest. many people here believe this crisis is all the fault of the u.s., even though experts have oen warning of danger signs for turke, some blaming turkey's orthoritarian president, recep tayyip erdogan. a defiant president erdogan said, "they have their dollars, we have our god," last week. but though the turkish lira rallied somewhat today, the odrkets do not share his faith in the turkish economy. .eff. >> glor: a dispute that seems to have no end right now. holly williams in istanbul, thanks. coming up next on the "cbs evening news," dozens are treated after a mass overdose on a drug that seems to be s erywhere now. ted later, the search for a pregnant mother and her little rcrls. pregnant mother and her little girls. advil is relief that's fast strength that lasts you'll ask... what pain? with advil it's the ford summer sales event and now is the best time to buy. you ready for this, junior? yeah, i think i can handle it. no pres

china makes its move announcing retaliatory tariffs on sixty billion dollars worth of u.s. goods the white house says it's not backing down in claims the u.s. is close to reaching trade deals with the e.u. and mexico to present a united front against beijing. and the space race powered by the private sector amazon's jeff bezos goes up against test as long mask who will be first for liftoff. this is your business update on how in our free in berlin glad you could join me and donald trump's top economic advisers says the united states and china have been holding a high level trade talks but the two sides appear to have found little common ground larry kudlow described china's threat to impose another sixty billion dollars worth of tariffs on the u.s. as weak and said the world's second biggest economy was quote in trouble over trump administration accuses china of stealing intellectual property and not playing by trade rules china denies those allegations and says u.s. protectionism is a threat to global trade. and we can bring in our financial correspondent for more on this now da

u.s. imposes additional sanctions. the nasdaq goes flat after seven sessions of gains. david: first word news, we turn to mark crumpton. mark: china is making goodits threat to retaliate for u.s. tariffs. 29% the duties on another $16 billion of u.s. goods immediately after tariffs take affect. the trump administration announced it would impose tariffs on another $16 billion starting august 23. theresa may is stepping up preparations in case brexit talks break down. she plans to little meeting of our cabin a members to discuss a no deal brexit. there are also senior officials that will come up with ways to keep the irish borders free of custom checks and police if there is no agreement. malaysia, the former prime minister has pleaded not guilty to money laundering charges. he has already pleaded not guilty to corruption and an criminal breach of trust charges. those were also linked to 1mdb. three members of the youth soccer teams our trapped in a cave for three weeks were citizenship today. stateless and previously unable to legally travel outside of the northern province where they lived. ethnica is home to minorities. global news, 24 hours a

its announced additional import duties of twenty five percent on sixteen billion dollars worth of u.s. goods you know it's been came just hours after washington said it was imposing you tariffs on chinese products worth exactly the same amount of chinese tariffs will apply to u.s. products such as fuel motorcycles and medical equipment while the u.s. said it was targeting industrial products like metals chemicals and electronics the trumpet ministration already slaps new tariffs on chinese imports last month but china's foreign trade has so far shrugged off the dispute exports showed surprising growth in july at moving twelve percent compared to the same period last year. saudi arabia's government is not known for tolerating criticism that the current spat between the oil rich kingdom and canada is escalating into a full blown diplomatic crisis riyadh has canceled its medical treatment programs in canada and will transfer saudi patients to other countries now media reports say the saudi government will also relocate fifteen thousand saudi students from canada the conflict a rose after a twee

or beijing said it would impose tariffs on sixty billion dollars worth of u.s. goods including coffee honey and industrial chemicals the statement came after washington stated it was considering new duties on two hundred billion dollars worth of chinese goods the list of products to be targeted by the u.s. tariffs is extensive but mostly focuses on chinese produced telephones t.v.'s and other high end technology items jeffrey albert tucker and a director of the american institute for economic research believes trump's trade policy is aimed at crafting an image as a strong leader. trump is a businessman and he's engaged in world trade all of his life and it's a very difficult thing to explain why he believes in economic nationalism but i would just make really two points why i mean is that protectionist ideology is a philosophical approach position that's a difficult nut to crack once it gets into the head you know where you think that if you want jobs for americans you have to have production for by and for americans this is what he believes the second thing is that b

to what he deemed an american attack, he has announced terrorist targeting $1 billion worth of u.s. goods. randy was joins us from washington with the latest. the of course coming after president called for a boycott of u.s. products including iphones. will this make a difference to the u.s. economy? randy: i do not think it will make a huge difference. turkey is a large economy but not a major trading partner for the united states, and the u.s. is engaged in trade wars with china. it is dealing with the e.u. and is in negotiations with nafta so it has a lot going on, and this is not the biggest priority. david:'s experience as a lesson, this will not be the end of it. what comes next as we assume does not cavedan into president trump? randy: i think we can expect donald trump to ratchet up the pressure on turkey. he could increase the rate of tariffs on turkish imports -- imports of turkish steel and aluminum. he could increase sanctions on the country. there is a lot of tools at his disposal and that would not be far-fetched to think that he would use those tools aggressively. sheri: tr

of measures into effect beijing said it would impose tariffs on sixty billion dollars worth of u.s. goods including coffee tea and industrial chemicals the statement came after washington stated it was considering new duties on two hundred billion dollars worth of chinese goods the list of products to be targeted by the u.s. tariffs is extensive but mostly focuses on chinese produced telephones t.v.'s and other high end technology items jeffrey albert tucker editorial director of the american institute for economic research believes there can be no winners in a trade war. well i'd like it to end today and in fact it never should have begun because the only victims here are american consumers american producers chinese consumers chinese producers there's nobody who wins from a trade war and there doesn't seem to be any end to it and i think there won't be any end to it for a very long time as a matter of fact you know if you look back to to march peter navarro the trade advisor at the white house said that no countries would dare retaliate against us tariffs so i have the sense that maybe

as we mentioned with china is heating up again after new retaliatory tariffs on $60 billion on u.s. goods. >>> plus the u.s. shrugging off the news and the chinese markets keep falling still ahead we'll debate which nation will blink first, the u.s. or china. >>> coming up find out how many truckers are still need asked how the nafta trade could dispute -- how this dispute could impact the industry. your brain changes as you get older. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store tod

its announced additional import duties of twenty five percent on sixteen billion dollars worth of u.s. goods you know it's been came just hours after washington said it was imposing new tariffs on chinese products worth exactly the same amount the chinese tariffs will apply to u.s. products such as fuel motorcycles and medical equipment while the u.s. said it was targeting industrial products like metals chemicals and the drugs the trump administration already slapped new tariffs on chinese imports last month but china's foreign trade has so far shrugged off the dispute exports showed surprising growth in july at more than twelve percent compared to the same period last. until iraq where doing business has gotten trickier due to washington's sanctions many multinationals do business with both the u.s. and with iran but president donald trump has said it's either or that's something that is left european companies concerned and brussels isn't happy either it has responded with education. european companies are in a tough bind washington says firms that do business with iran will be excluded f

of apple i phones and ground deals a massive high can import tariffs for a wide range of other u.s. goods real property action from the streets of the stubble. cyborgs off the rural hugh knight to global robert willing to meet in beijing for the world's robot conference. and european regulators are clamping down global rental agency air b.n. b. this spot is popularity generation share. a little welcome to your business use optimism funny future here in berlin turkish president. and german chancellor angela merkel have been discussing bilateral ties . to state visits to berlin next month in a phone call they say to treasury and finance minister will meet with his german counterpart had of the visit to keys currency caught up in a huge diplomatic and straight dispute with the united states has now raised tariffs on a variety of u.s. products including alcohol cars and still bacco and the president wants his people to boycott the i phone he himself is no switching to another brands now the question is will his people do the same all reporting the simple went down town to find out more. store

u.s. electronic goods. it's good to have you with us as the few minutes of daylight give way to darkness rescue workers in general italy say they are planning to go all night in the hopes of finding people still alive earlier today a huge section of a major highway bridge in general collapsed during severe weather cars and trucks and the people inside plummeted into the void below at least twenty two people have been confirmed dead but we have been warned that that number will rise. that this man witnessed what many have described as a polka lit tick and just side against a huge section of a motorway bridge crumbled into pieces. a truck managed to stop right on the edge but many were less fortunate and plunged forty five meters off onto warehouses and bro road tracks below. the incident happened on the eve of a major holiday with traffic than usual and eyewitness described the tragic moment a little more i heard a noise which i looked out i saw the cars falling and we ran away so now the electricity is swit

boycott of apple i phones on corruption vales a massive hike in import tariffs for a wide range of u.s. goods we'll have reaction from the streets of istanbul. also on the show if you love your danish kronen from last year's holiday hold on to them they might soon disappear as denmark plans to go cashless. and european regulators are clamping down on global rental agency air b.n. b. despite its popularity with generation share. and finally u.s. conditions in european airports one year after the takeover of germany's almost second largest airline air berlin by rival tazza. welcome to the business turkish president her registered at a one and a german chancellor angela merkel have reportedly been discussing bilateral ties during a phone call today that's according to media reports quoting a presidential source turkey is currently caught up in a big diplomatic and trade dispute with the united states today and corrode raised tariffs on a variety of u.s. products including alcohol cars and tobacco and the turkish president wants his people to boycott the i phone he himself is now switching to ano

tariffs back on $16 billion of goods for u.s.nvestors with the tweet of taking tesla private. that may have gotten him in trouble. tesla stock rose significantly. the wall street journal reporting if that is true and why musk announced it on twitter. companies can disclose information on social media, but cannot give misleading information. musk could be in trouble if he made the statement to boost share prices. >>> and moviepass is changing its plan again. the latest model should be its last. >> it is tough to launch a business that shoots up like a rocket ship, but hasn't completely got the business model right. you know, our vision is to get millions of people back into the theater, but you cannot do that long term if you don't have a sustainable business model. we had to fine tune the model as we go. we now have the right model. >> they burn through $20 million in may under the old model. it will limit customers to three movies per month. previously it was one movie a day. you know, there were frequent flyers. 15% of customer

boycott off apple i phone so on corrupt unveils a massive hike in imports terrace for a wide range of u.s. goods we'll have reactions from streets off istanbul and u s styled conditions in european airports one year after the takeover of germany's foremost second largest airline evelyn by rival time's up. business i want to get jones in berlin good to have you with us so turkey is taking its diplomatic and trade dispute with the united states to the next level today anchor us land tariffs on a variety of u.s. products including alcohol costs and tobacco the move is part of an angry response by the turkish government and also included a call by turkish president wretch uptight and a one to boycott as products including the i phone the president who actually once was a fan of apple products is now switching to another brand the question is will his people do the same. stumbles electronic stores are still stocking of course i phones they're popular and turkey the second most sold smartphones in the country the president. is calling on his people to boycott american brands and switch to others inste

u.s. companies harder than the currency move. scarlet: good stuff. thank you so much. we were just talking about, beijing counter the tariff escalation by announcing $60 billion if its own if the u.s. pulls the trigger. larry kudlow told bloomberg a have no intention of easing up on the pressure. what's we said many times no tariffs, no subsidies. we want to see trade reforms. china is not delivering. people are leaving the country. >> we're joined by sarah mcgregor. sarah, for the second time in as many months china has responded to the threat of tariffs with its own list of u.s. goods. we have any sense of what is on the list? are they focusing on red states? listina came up with the today of $60 billion worth of tariffs. the list is long and ranges from 5% to 25% tariffs. certain types of aircraft, machinery, agricultural products. it came out late. there hasn't been a lot of time to analyze but to keep in mind the gravity of the situation, if china goes ahead with this, that would add to the 15 that is in the pipeline. $110 billion. that is almost all of the import

to be grateful poor -- grateful for. >> turkey's retaliatory tariffs are targeting a number of u.s. goods. paper, rice and things like that. what kind of impact might this have on u.s. companies. >> let's look at turkey. that is the big elephant in the room. we talk about tariffs to turkey. turkey is a democratized country. when we sneeze a little bit, turkey catches the cold. we talk about tariffs. that caused them to go down 40%. why is this important? if they have to go by oil, they have to get it in american dollars. so because it is down 40%, they almost have to pay double. so the market is concerned about this word -- contagious. will be contagious to other markets? if it is, it will create a problem. >> beyond turkey, there are concerns about china's economy slowing as well. why is that problematic for us? >> it is problematic because they really do help the global economy and they buy a lot of our goods also. it is fairly important. we purchased a lot of their goods because we repurpose them for resale. we see the chinese economy slowing down. they are reporting a 6% gdp. we reall

u.s. electronic goods. i'm under thought she. a major rescue operation is underway in the italian city of jenin offer a busy road bridge collapsed reportedly killing thirty people a section of the bridge gave way as it was undergoing need to reinforced concrete and dozens of acres kid crashing down onto buildings and train lines below. this man film to the bridge as it collapsed the south after noon. about a one hundred meter stretch of it caved in bringing many cars forty five meters down with it. that the annoyer. as far as we know around thirty cars and trucks were driving on the part of the bridge when it fell through and that when that didn't get a little bit. several hundred emergency personnel are on the scene they're being supported by specialized mountain rescue teams and military forces there are conflicting reports about the number of deaths a number of people have also been critically injured the marandi bridge built in the one nine hundred sixty s. has been subject to a series of repairs over the years critics say po

if you look at the strength of the consumer, in china it is good, in the u.s., consumer strength is very julie: talk to me about the spinoff of down. -- of dow. dupont is going in a split direction. the asf is going in the opposite direction, one of your competitors. what is the strategy of the youoff, and how does it put at a better competitive advantage going forward? brought the companies together, one of the key ideas was take the act businesses and spin that out. we thought it would get a higher multiple on the market. material's side, we would still be an integrated company. we may not have the breath of the asf, but we will still have that still be an integrated company in the six businesses we are in. that will allow us to be a better capital allocator as we move forward and continue to invest in organic growth. in the old dow, we had 13 businesses to service and allocate capital across 13 businesses, hard to keep them all up, keeping up with pace of gdp growth around the world. david: it is jobs day in the united states. that shows thet number of employees in chemicals and plast

actually imports a lot more than china imports in u.s. goods. llar-for-dollar basis, china can't fight back, but it can do other things. it can take other retaliatory measures, and that's the kind of thing that all businesses in the u.s. are bracing for and watching very closely. >> cristina, thanks for that report. >>> next, a big win and a big loss in tennessee's republican primary. did president trump have a hand in both? there's a lot to love about medicare. there's also a lot to know. part a that's your hospital coverage, part b is all the doctor stuff... the most important thing to know? medicare doesn't pay for everything. and guess what that means... yep...you're on the hook for the rest. that's why it's important to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. a plan like this helps pay for some of what medicare doesn't. so you could end up paying less out of your own pocket. that's nice. and these are the only medicare supplement plans endorsed by aarp. selected for meeting their hi

u.s. electronic goods. it's good to have you with us we are quickly approaching midnight the city of genoa italy rescue workers say that they are planing to go all night in the hopes of finding people still alive in the rubble of a collapsed bridge earlier today a huge section of a major highway. collapsed during severe weather cars and drugs and the people inside plummeted you see that red section right there they plummeted down into the void below at least twenty six people have been confirmed dead we are being warned however that number will rise. all. this man witnessed what many have described as a poor kalid take in just seconds a huge section of a motorway bridge crumbled into pieces. a truck managed to stop right on the edge but many were less fortunate and plunged forty five meters off onto warehouses and bro road tracks below. the incident happened on the eve of a major holiday with traffic than usual and eyewitness described the tragic moment . i heard a noise i looked out i saw the cars falling

u.s. tariffs on chinese goods has come into force this tranche sixteen billion dollars worth of chemical electronic and industrial products a twenty five percent duty will be added to their import costs in july the u.s. sparked a trade war with china is demanding that beijing change what it says are unfair practices around technology and intellectual property will agent brown joins us live now from beijing agency yet another raft of u.s. tariffs on china but who's actually winning this trade war there. well i think both sides feel they have the upper hand at the moment both sides feel they can outlast the other in this trade war but certainly the the narrative you're getting from the united states is that chinese leaders are under pressure chinese leaders are starting to sweat and perhaps president xi jinping and his advisors didn't really anticipate just how resolute president trump would be when it came to tariffs no in fact just in the last few minutes down china has responded notice appears on the commerce ministry website saying that china was retaliating against washington it was going to app