so unprofessional i was a assistant secretary the united states treasury i was added to the wall street journal this is not the way no important news is released ever. coming up one arent international a cease fire for war torn gaza still hangs in the balance amount and israel failed deal to extend a humanitarian truce mediation efforts from the united nations. bring you the full story in about fifteen minutes time in the meantime though it's venture capital with katie pilgrim. government system is to help poor people poor women but they're going to change their lives and nobody is trying to make money out of them those who want to make money out of them but. time to begin to go and shop to do that and we're all forced to move. the ball compared to counsel i'm capable of rape this week we'll be discussing the conflict between person from the weapons contracts to russia. saudi arabia opens up the stock market coca-cola loses its russian fish is it going go sky high and tim cabbie when he talks about drugs to stay tuned to the details of all of. the e.u. is set to tell that state owned ru

released by the state which i doubt it's so unprofessional i was assistant secretary the united states treasury i was added to the wall street journal this is not the way he ordered news is released ever coming up on aren't international a ceasefire for what's on gaza still hangs in the balance come up and israel failed deal to extend a humanitarian troops mediation effort from the united nations. and i'll bring you the full story in about fifteen minutes time in the meantime don't plan to capitol hill but. government system to help poor people who are going to begin to lead to change their life and nobody's trying to make money out of them those who want to make money out of them by concept time the whole thing into loan sharking deduction and.

"i intended to move the financial system of the world from london and wall street to the united states treasury. and wall street is particularly interesting." this was part of a new detail anti-banker agented agenda. this was the new deal for a global stage. at brelten woods, he told the dell dation, now the advantage is ours here and i personally think we should take it. to which harry deckser white added if the advantage was there, that is britain's they would take it. so the u.s. was determined to exploit this moment in time. bretton woods was a deal that treasury struck with a weakened britain to get it through the war and the immediate post war landscape without financial collapse. u.s. would provide short-term financial assistance in return britain would eliminate what was called temp per temp pier yule trade access. that would be ended. second, britain would make the pound sterling fully convertible into dollars so this massive stock of useless sterling that they had built up could be spent on something other than british goods, in particular american goods. finally and very controversia

treasury. in fact, one of the driving motivations of the whole bretton woods conference was to eliminate a specific type of currency wars, those directed against the united states and the u.s. dollar. in fact, harry dexter white, the u.s. treasury representative, briefed the american delegation before they went into battle against the british and others at bretton woods and told them, i quote, the fund, the new international monetary fund he was determined to set up, is designed for a special purpose, and that purpose is to prevent competitive depreciation of currencies. depreciation against the u.s. dollar. and in order to do that, they were going to create a system of fixed exchange rates, which would be sustained by this new international monetary fund. it may seem rather strange in the current context when the united states is constantly badgering other countries, in particular china, to adopt flexible exchange rates, but the motivation was the same, to get a more competitive dollar. in the 1940s all the pressure on the u.s. dollar was upward this the market so countries linking to the u.s. dollar kept the dollar at a high level, where as today most of the

by the state department which i doubt it's so unprofessional i was a assistant secretary united states treasury i was added to the wall street journal this is not the way important news is released ever moscow maintains its forces are not firing into ukraine but civilian casualties on the russian side of the border are mounting the last off region that has been coming under sporadic shelling by russian civilian was killed and several others wounded during one attack on july thirteenth the military says at least nine such strikes have taken place moscow believes the attacks are deliberate and has demanded an explanation from kiev which denies all involvement. if you can do stay with us or an international for the very latest updates on ukraine you can also get more news and much more analysis on our web site www dot com and still ahead for you here on the program low income families for the. people. in washington d.c. of being told to come up with more than eight hundred thousand dollars each get out . also the mysteries of the brain. commission a pretty penny many researchers are not too happy

the state department which i doubt it's so unprofessional i was a assistant secretary the united states treasury i was added to the wall street journal this is not the way important news is released ever. as always plenty more for you on our website including a three d. printed student from florida universe he changed the life of a six year old boy born with an arm deficiency it cost just a few hundred dollars to build and he can't even plying thieves with it at r.t. dot com their story. love russia and navy day ships submarines jet stream's and even robots were paraded nationwide as the day come or a russian fever dream celebrated each year on the last sunday of july all the details and the footage on. the twenty four hours extension between israel and hamas which had been proposed by the united nations failed to hold on sunday first the palestinian militant group rejected the deal firing barrages of rockets from gaza into israel the group explained that it could not agree to a truce until israel pulled out of gaza this prompted israel to continue its operation and the morning later hamas relen

the state department which i doubt it's so unprofessional i was a assistant secretary the united states treasury i was added to the wall street journal this is not the way important news is released ever. coming up after the break on our national. scale hangs in the balance come us and israel failed to reach to extend a humanitarian. mediation efforts from the united nations. food you have a new. drug zone in the judicial inquiry furthermore restrictions. really knows what. the. economic down in the final. days. and the rest. will be if we. are watching r t international a twenty four hour ceasefire extension between israel and hamas which had been proposed by the united nations failed to hold on sunday first the palestinian militant group rejected the deal firing broad rockets from gaza into israel the group explained that it could not agree to a. truce until israel pulled out of gaza it prompted israel to continue its operations on sunday morning later hamas relented and call for the truce to be reinstated but according to israeli officials failed to comply with its own proposal according to r

was released by the state which i doubt it's so unprofessional i was a assistant sector the united states treasury i was added to the wall street journal this is not the way important news is released ever moscow maintains its forces are not firing into ukraine while on the country there's been sporadic shelling of russia's rust off region which lies along the border a russian civilian was killed and several others wounded during one such attack on july thirteenth the military says at least nine such strikes have taken place and moscow believes the attacks are deliberate on as the mind of an explanation from kiev which denies any involvement. and i do say with r.t. for the latest updates on ukraine you can also get more news on analysis on our web site r.t.e. dot com meanwhile still to come in the program this hour. libby hague orders russia to pay more than fifty billion dollars to shareholders of. oil heavyweight you calls to bring you more expert opinion on the controversies all of the ruling very shortly. play. little. league. play a little play a. little. cross talk rules and if it doesn't yo

the state department which i doubt it's so unprofessional i was a assistant secretary the united states treasury i was added to the wall street journal this is not the way important news is released ever. paul create roberts there coming up on r t international a glimmer of hope in the standoff between israel and hamas palestinian militant group sees its ready for another day long humanitarian truce after earlier insisting that israel first pull its troops out of gaza. we profit very large very attractive and now very globally recognized source of oil for the world into the future the world's cheapest and best petroleum deposits have been mined out we have to use more energy to get this energy industries grow like a cancer it's a base where it's ten kilometers where. and this whole area is slated for the remainder of her drink from water that's our wildlife service from the surface street. this is the end game when it takes two tons of sand to make one barrel of oil you know here at the bottom line and that's where. we kill ourselves. on marriage and the financial world. seems to goldman's canno

the state department which i doubt it's so unprofessional i was a assistant secretary the united states treasury i was headed to the wall street journal this is not the way important news is released ever. maintains that its forces are not firing into ukraine while on the commentary there is being sporadic shelling of rushes that hostile phrasing which lies along the border. a russian civilian was killed and several others wounded during one such attack on july thirteenth the military says at least nine such strikes have taken place moscow believes that the attacks all deliberate and has demanded an explanation from kiev which denies any involvement. with plenty more to come for you this hour stay with me for the latest updates on ukraine you can also get more news and analysis of course on our web site that's. dot com still to come for you though the hague does russia to pay more than fifty billion dollars to make of. oil heavyweights you cause we'll bring you more expert opinion of the controller sees about ruling very shortly. and also on the way pay for pac we'll take a look at how tenants i

the state department which i doubt it's so unprofessional i was a assistant secretary the united states treasury i was headed to the wall street journal this is not the way important news is released ever now muska maintains its forces are not firing into ukraine while on the contrary there has been sporadic shelling of rushes the last offering to which lies along the border. russian civilian was killed and several others wounded during one such attack on july thirteenth the military says at least nine such strikes have taken place and moscow believes the attacks are deliberate and has demanded an explanation from kiev which denies any involvement. and plenty more to come this hour do stay with us here on r.t. for the latest updates on ukraine you can also get more news and analysis if you go to our web site that's all t dot com. the hague orders russia to pay more than fifty billion dollars to me. heavyweight you cos will bring you more expert opinion but the controversies of not ruling very shortly. and also on the way they all pack coming up we take a look at our tendency in washington d.c. o

the state department which i doubt it's so unprofessional i was a assistant secretary the united states treasury i was added to the wall street journal this is not the way important news is released ever. but i have always plenty more for you on our website including three d. printed due to lower that you will see change the life of a year old boy on the with and deficiency of cultures a few hundred dollars to build and you can about even climb trees with their heads or teeth at home for the full story. plus a rush of wild navy day ships marine jets troops and even robots were paraded airports nationwide the day commemorates russian sea victories and is celebrated each year on the last sunday of june all the details and the footage online. the united nations security council has agreed on a statement demanding an immediate and unconditional cease fire in gaza it is expected to be adopted in a couple of hours on sunday and internationally brokered truce extension between israel and hamas failed to hold as the palestinian militant group fired a barge of rockets into israel from gaza explained that

just on wednesday, the united states treasury put additional sanctions on russian arms manufacturers and thursday we get the response from moscow. this is something that asians will see significance and they will look to us to see how we are going to respond? and we haven't responded forcefully and they take a lesson that/beijing and moscow is working together and they better worry about the u.s. >> what do you think they will get? >> on an elemental level they are making sure the united states makes sure china doesn't do more belerjerrant. they are trying to push out and grab territor and control the international waters and the u.s. response is moderate. and people in asia want to see a determined response on our part, because it is their security and their territory and their waters. >> you talk about grabbing territory, that's what putun has done and what about asia. south china sea is one example and what else? >> when you look at the south china sea, we have a mutual defense treat of manila and we didn't honor it. and the chinese are trying to take away islands from japan. the

>> that money is a civil penalty and goes to the united states treasury.t of that money will go to fund additional cases in which the government is going to try to recover funds that have been lost to fraud and waste and abuse on behalf of the taxpayers. there's another $500 million that will go to five states around the country to help to replenish some of the losses that pension funds and other state entities suffered because of this. >> woodruff: and then the $2.5 billion set aside for consumer relief, who does that go to? >> that goes to consumers. i think one of the lessons that we have learned from the financial crisis is that it just wasn't investors who were hurt in this debacle. we know that there are homeowners on main street who really suffered because of the conduct that citi and other financial institutions engaged in, so, as part of any resolution, we want to make sure we're bringing meaningful relief to those individuals. >> woodruff: i'm sure you know there are consumer advocates out there who are saying it's too little too late. we saw tod

as of april, 2012, the united states treasury department was still trying to collect the debt. coming up, lining up for a lifeline. >> how long you been out here tonight? >> we got up at 3:00 this morning, and we got here about 4:00. we've been out here for a little while. it's cold. >> why'd you come so early? >> 'cause we wanted to be seen. >> that's ahead when 60 minutes on cnbc returns. [ticking] so we're all set? yyyup. with xfinity internet your family can use all their devices at once. works anywhere in the house. even in the garage. max what's going on? we're doing a tech startup. we're streamlining an algorithm. we're going public! [cheering] the fastest in-home wifi for your entire family. the x-1 entertainment operating system. only from xfinity. really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low due

considerable drop for the yield on the tenure treasury indicating maybe a rush to the safety of united states treasuryurities. then we have a florida jury awarding a woman $23 billion in punitive damages against r.j. reynolds tobacco. her husband died of lung cancer many years ago. reynolds stock down 1.6%. look at dom brands. it and mcdonald's have expended-- there are safety concerns there. yum brands is down three have% on that and it is a lot of its business in. j.p. morgan is going to set a price target of $51 on go pro stock, up she goes to percent higher. charles, there is one more-- the crisis overseas. it's not a huge down the site for the markets. same question we saw before. you get this initial shock when something happens, down she goes, nine times out of 10 back she comes on the other side quickly. do you think we will see the same time? >> i think we could. i think late today we might see it never leans lot of great earnings coming out this week. i think this shift can come from geopolitics back to corporate earnings. stuart: don't panic? >> now. stuart: preston obama will make a statem

he united states be treasury is the enforcement of our sanctions. ased largely on the well-being of the united states economy. if theyld happen sunday don't come up with an agreement and ask for an expansion or they do come up with an agreement that has nothing to do with the dismantling and israel would not accept it? presents a very timely issue and i thought we might benefit from your thoughts on thingsncluding the other that are happening in iraq, syria, and so forth, israel. >> certainly come of developments that you are talking about present risks to the united states through any number of different channels. in trying to focus simply on the ofential economic impact these developments on the united states, i would be thinking particularly about energy markets that we have seen some disruptions in energy supplies and there could be much larger disruptions in energy supplies. such developments clearly would have an impact on the united states and in the global economy. also look at whether or not there are significant direct financial exposures,

they have done fewer sanctions, of course, than the united states. the treasury department here and the president announcing sanctions only last night against two major russian banks and two major energy companies. basically barring them from the u.s. capital markets for any mid and long-term investments, as well as sanctions against other individuals and against russian defense firms. so this is the toughest actions that the u.s. has -- >> i think there had been -- >> yeah, go ahead, richard. >> i'm sorry. i was talking over you with a bit of a delay from gaza. i think there had been a hope creeping in among policymakers in washington and some academics that this crisis in ukraine would more or less go away and stay at a very low level after the russians took over crimea and then pulled back tens of thousands of troops from their border. i think people grew complacent. they stopped focusing on ukraine. people i've been speaking to, however, and i look forward to hearing from ambass dor mcfaul, are convinced that vladimir putin and russia have not forgotten about

be this kind of back and forth over something that creates jobs and returns money to the united states treasury. but what we found in this report is that our major trading partners are financing their export credit agencies that are far morrow bust rate than we are. countries like china, japan, korea, france, germany, even canada. so if we get rid of our xm bank, if we fail to reauthorize it, we're going to put the united states and the united states manufacturers at a serious competitive disadvantage. >> you know, there is a hearing today on capitol hill where they look into potential trouble, any problems at the xm bavng. what's happened there? are they going to be finding things on capitol hill today? >> i don't know what they're going to find, but obviously if there's any im pro priorities, those issues should be dealt with like they should be at any government agency. but the ultimate issue is weather the xm bank, which is financed billions of dollars worth of projects for manufacturers, exports for manufacturers and its existence and has supported hundreds of thousands actually over a mil

nobody likes to write a check to the united states treasury but president obama wrote a check to thesed to contribute back to the government a portion of his salary from the time of the government shutdown, and you can see $20,000, the president gives that back. i guess good for him for keeping the promise, right? >> it's all free points for him. good positive coverage, doesn't cost him that much money. won't make a dent remotely in anything or have any impact on the status of the u.s. economy or the debt, but, you know, he can say he's doing it and it sets a bar for other politicians to follow. >> yeah. i agree. if he hadn't done it, certainly would have been a pr disaster for the white house. i agree with margaret. i guess there aren't ash trays anymore. i don't know how many pentagon hammers that will buy. >> two, maybe. >> margaret, thanks. as we get back to you, kate and michaela, i know you miss mr. cuomo. he was very closely watching the world cup yesterday. the president, look we have video of the president stopping by a party at the white house. as margaret noted a little ne

dollar is what is dominant in that the banks and energy companies being sanctioned by the united states and u.s. treasuryl really have some weight because it is a dollar economy that basically rules. and that long term, medium and long term investments, access to loans beyond 90 days will be cut off to these two major companies and two major banks and that that will have a lot in play. also the europeans just also criticized hamas for not accepting the cease fire, but said that israel's response in self-defense should be proportional. so they also made a statement that this is just a confluence of foreign policy crises and the last thing they now need is to cut off the negotiations with iran. so i think you'll see in the next 48 hours an extension of that deadline of july 20 for the end ever the first round ever talks with iran claiming that they have made a big offer, but secretary carriry sayingthe fir talks with iran claiming that they have made a big offer, but secretary carriry saying kerry saying there are significant gaps still to be negotiated. >> there is no doubt if these sanctions are what we

united states. we don't open trade with them. >> treasury. >> lexi, we have just a moment before we take another break. can you let us know what the jewish film festival does during the year? >> yeah. so actually, this is a great segway, because havana curve ball is an excellent program for children and programs and we've been doing exhibitions during the year for year round programming including a children and family screening series at the parkway theater. we also nurture independent film makers working with jewish themes, so we started the new jewish film maker and residency program which houses the film maker for the year in our offices and actually, our first jewish film maker will be here at the festival with the world premiere of her film. so we also are promoting this year a young adult pass which is great for all of our young adult programming, where people who are 35 and under can get a pass to every show at the festival for $30. it's a great deal. it's the best deal in town. >> fantastic. so we can take another quick break and return to mosaic in just a moment. >> they experience the most i

they have all of actuated staff and the treasury -- travel advisory. the united states has released evidence they say proves russian military has been firing across its border to attack government forces. the dutch prime minister said heavy fighting has prevented investigators from reaching the site of the down malaysian air flight. >> angela merkel said to be pushing for her eu counterparts to sign off, some say by the end of tuesday. meanwhile the dutch prime minister said heavy fighting around the site prevented investigators from reaching it yesterday. joining us, aaron would. very much for joining us. to do is that you going it? are they going to press the button on sanctions? they came up with satellite images to nudge the europeans along. >> it is not just about the aircraft. aircraft is a terrible happening as the result of a situation getting out of hand. i think the e.u. is more or less condemned to do something. the financial sector is going to be the main target. if we continue to hold up the construction will have some effect. >> do you think all members an

united states and china kick off their annual economic talks in china. u.s. treasurytary jack lew and secretary of state john kerry are both in beijing. both countries are facing off the south china sea. to the markets. >> there's absolutely no reprieve to these equity markets. yesterday, 85 points the biggest one-day drop in four months. in dax had the biggest drop 44 sessions. we are continuing this momentum will stop mario draghi speaks later this evening in london. we don't really know -- the will be out as well. the momentum inequities, people are beginning to question the validity of the rally. is it time to take a little bit of her reprieve? theme is the insurers. we are paying less to cover our car insurance -- not me. for 10 straight quarters. these are insurance companies in the united kingdom. if you think the national flag carriers are having a problem, these are up. finding it a little heavy on the day. volatility is rising. that is the one message you can take away. the front page has a great article physically saying you might have shorted stock at reco

issues that were important to business and wall street and others, and the secretary of the treasury of united stateshose to devote a substantial portion of his address to the threat of cyber crime and cyber espionage. i think former general alexander once talked about the threat of cyber espionage and mostly hacking from china as a time when we are witnessing the greatest transfer of wealth in the history of the world. it is something we should be taking seriously. i think -- the good news is people are taking it more seriously than they ever have before. over the five years i have been in this job, the percentage of resources we have dedicated to it and the fbi and the secret service and all other parts of the government has gone up not by two fold or three fold but by tenfold or more. >> is this the kind of thing where, as fast as you develop security systems, hackers are developing means to get around them? >> i do not think it is quite -- but there is an aspect of that. which is why i think law enforcement and intelligence agencies are doing a very good job of stepping up to the plate and making

stuart: the treasury secretary of the united states says we need a new sense of economic patriotism.issed opportunity. jack lew is saying american corporations must ring back their overseas profits. he is saying companies must stop leaving the country. if they do not pay up, he is implying that they are unpatriotic. it is worth pointing out. it is not his money that we are talking about. it is the shareholders money. it is unpatriotic to get the best deal. now to the missed opportunity. if that 35% tax was cut back drastic weight, some of the $2 trillion would come back here. that would give jack lew treasury aliens of dollars in tax revenue and create countless jobs as well. this is an opportunity to benefit america. quite simply, this president will never cut any tax any time. that is why all of that money stays over there. let's be clear. the patriotic paying skyhigh taxes are not the same thing. the treasury secretary of the united states of america should know that. ♪ [ male announcer ] we know they're out there. you can't always see them. but it's our job to find them. the answ

not anything close to what the united states has done, which is to directly sanction from the treasuryepartment banks, energy firms, arms firms, including the company kalashnikov. how would the united states get them to do more? >> sadly, the american impression is correct. the eu sanctions have been weak. you're right, this is in their backyard. this is first and foremost a question of european security. but narrow, i'd say short-sighted economic interests, are driving their policies so far. of the sanctions which the united states leveled last wednesday were serious sanctions. if the eu were to follow with comparable sanctions, there's a good chance mr. putin would stand down. he has d-- mr. putin is trying o destabilize ukraine while trying to avoid sanctions on his country. maybe today's meeting means they're taking a new policy course. >> especially with so many of their own european nationals in agony right now over the deaths of those people on that plane. thank you so much, mr. ambassad ambassador. >> my pleasure. >>> okay. and now, three things you need to know this tuesday. e

. >> the united states must drive the global economic recovery. secretary of state john kerry and treasury secretary state l ew are trying to mend diplomatic relations. the economic ties between the u.s. and china have never been stronger. randall pink sta pinkston are here to explain. >> reporter: instead of u.s. dollars going to china, chinese residents are plunging down money here to purchase real estate. >> reporter: new york real estate santos bianco works in one of the hottest markets in america. >> the asking price, $3.25 million. >> reporter: $3.25 million? >> correct. >> reporter: for a two-bedroom, two bathroom, 1800 square feet of interior space. plus a roof-deck. he says that most of his listings sell in the first month, and what's an average price range? >> you're looking at the $1 million to $5 million price point. >> reporter: new york is in the mist of real estate boom. fueled by foreign buyers, with the chinese nationals taking the lead. foreign buyers purchased $92 billion in u.s. real estate. canadians both the most. but chinese nationals spent the most on u.s. reality s

and the secretary of the treasury of the united states chose to devote a substantial portion of his address to the threat of cybercrime and cyber espionage. i think former general alexander once talked about the threat of cyber espionage and mostly hacking from china as a time we're witnessing the greatest transfer of wealth in the history of the world. and it's something we should be taking very seriously. i think the good news is people are taking it a lot more seriously than they ever have before. over the five years i've been on this job i think the percentage of resources we've dedicated to it and the fbi and the secret service and all other parts of the government has gone up not by two-fold or three fold but i think tenfold or more because it's important. >> rose: is this the kind of thing where as fast as you develop security systems hackers are developing means to get around them. >> i don't think it's quite sophisticated but there is an aspect to that which is why i think law enforcement and intelligence agencies are doing a good job stepping up to the place and making sure we hav

united states be? i know you in treasury talk in concert on this, particularly in treasury, which is basically the enforcer of our sanctions, which is based largely on quite honestly, the well being of the united states economy. so what would happen sunday if one, they don't come up with an agreement? and ask for an expansion? or they do come up with an agreement that has nothing to do with this meddling, and israel would not accept it? so sunday presents a very timely issue, and i thought we might benefit from your thoughts on that including the other things that are happening, iraq, syria, so forth, israel. >> well, certainly the developments that you're talking about present risk to the united states through any number of different channels. in trying to focus simply on the potential economic impact of these developments on the united states, i would be thinking particularly about energy markets that we have seen some disruptions in energy supplies and obviously, there could be much larger disruptions in energy supplies. and such developments clearly would have an impact on the united states and in the

the ten-year treasury bond in the united states is seeing buyers come in as a form of safe haven. the yield 2.47%. investors putting their money into a risk off trade right now, and that is also exemplified by the move the gold. gold is up $16.80 an ounce to 1,316, more than a 1% move higher. really there were only two possible outcomes here. first an accident either mechanical or pilot error causing a horrible crash. second, a little more devious. the possibility as some unconfirmed reports have claimed that the plane was, indeed, shot down. michelle caruso-cabrera with us now. what are we sure of at this hour, michelle? >> so you focused in on the key question, why did this plane go down, and we don't know. and that is why you've seen the reaction in the markets, the uncertainty about whether it was deliberately brought down, brian, or not. as you have said, there are reports it was sht down, but they come from both russia and from ukrainian sources. we do not have that from a source that we trust at this point. two sides in this conflict, these have been ongoing at the russia/u

the fact that treasury secretary, secretary of the united states of america chose to spend an additional portion of his address on this is important. cyber is up ten fold from five years ago. number of resource the fbi has brought to bear supermany, many fold. ice an important issue for your viewers for people in business. general alexander put it this way. we're witnessing the greatest transfer of wealth in human history. it's very disheartening to see people high up in the government cabinet secretaries and other talking about the problem with china. people say that wasn't my case the chinese nationalist case might not get those bodies. there are people within the government if clueding my office, the fbi and elsewhere trying to figure out ways to bring individuals to justice. i'm not sure it makes stones give them a buy because you can't get them. there's some evidence to believe that the process of naming and shaming if you have the evidence, you bring the case and make an open case about it and expose to it the public, that i think helps matters and can deter people and may not dete

state john kerry and treasury secretary jack lu hid the u.s. delegation. the chinese side is led by vice premier yung and the stitt councilor. >> translator: china and the united states should strengthen mutual trust through dialogue and build a new model of super power relations. >> xi said the only path forward for the two countries is to respect each other's sovereignty and refrain from imposing their will on each other. kerry said the u.s. does not seek to contain china. he said it welcomes a peaceful, stable china that contributes to stability in the region and plays a responsible global role. >> i will say to you that a new model is not defined in words. it is defined in actions. >> u.s. president barack obama released a statement at the start of the talks. he referred to the 35th anniversary of the establishment of diplomatic ties and said that two countries are now economically inseparable. obama stressed his commitment to the shared goal of a new model of u.s./china ties. he said the two countries' relations should be defined by increased practical cooperation and a constructive management of differences. >>> authorities in north korea have again fire

treasury. >> of the united states of america, is that right? >> correct. $1.57 million last october. the previous october it was $803 million. >> so are you telling us that you actually earn money for the government that goes into the treasury? >> correct. we are taking in more money than it requires to run the bank. >> so in earning money, there is no way that anybody can credibly say that you are providing welfare for corporate interest, is that right? that is an untrue statement. >> it is a misstatement as crony capitalism is a misstatement, as well. >> thank you very much. i hope as we go through these discussions you will say that over and over again. we have got to rob the opposite side of their ability to undermine the kre work that you are do iing, the tremendous way you are allowing the united states to at least get at the balance of payment and get us into the export business. if it wasn't for your 2% or so that you are doing, we would be out of it all together. i thank you and yield back the balance of my time. >> the chair recognizes the gentleman from oklahoma, mr. lucas,

group that is not designated as a foreign terrorist organization by the united states but it has been designated by the treasury department supporting terrorism, iran is a state sponsor or terror, and this is a group which has been responsible for tremendous number of deaths of american servicemen in iraq, in terrorist acts around the world, and it's simply not, i think in the united states' nature to cooperate with such a group, even if it's in pursuit of common goals. i'm going to say i don't think looking to iran will give us answers in iraq. i think we need to, frankly, look forward in iraq. we obviously have a long history in iraq as a controversial history in our country. if we're going to help iraq to stabilize and help iraq look the path that we reside like to see iraq take, that iraqis would like to see, then we need a forward-looking policy. we can't be consumed in the debates of the past and who is responsible for getting us here. we have to have a forward-looking policy. >> thank you, michael. i might ask you a quick question which i will do with each panelist and then go on to ambassador huff. i th

treasuries? that flow has come to the united states. that's strengthened the dollar, weaken the euro.t's putting pressure on kmod tishgs upward pressure other than the dollar index, why you're seeing a gain. $79 level on the dollar index, scene port. haven't cracked that. when we get there, bounces, moves higher. that's what we've seen over the last couple of months. >> get gdp number, the fed tomorrow. what are those going to mean for the dollar? >> jackie, those mean a lot for the dollar index. as the world's number one economy we're looking to see this continued strength we have. via gdp, unep employment number to strengthen pushing the dollar further. seeing the largest short amount of contracts since november 2012. therefore, a lot of folks are betting the momentum in the u.s. dollar, although at six-month high will go higher still. >> for more on the dollar, tune into the online show at 1:00 p.m. eastern time. we'll speak to ron paul calling for the demise of the dollar. what's happening there jand talking about gold and peter schiff, our famous gold bug on. you know how that co

united states. the united states is responding to this threat, and last week the treasury department sanctioned companies for procuring engines, communications, electronics and navigation equipment for hezbollah. it's time to impose even stronger sanctions on hezbollah. it's time to focus on their evolving efforts to raise money all over the world, whether through kidnapping and ransom, conflict diamonds, narco trafficking and other criminal enterprises. this would sanction foreign banks for knowingly facilitating actions with hezbollah and noting them as a narcotics association. we are currently in negotiation with iran. iran didn't come to the table because they're good government or nice people. they came to the table because our sanctions, passed by congress, is crippling their economy. we must do the same thing and cripple hezbollah. this bill shines a bright light on hezbollah's television station which is itself especially designated terrorist group. hezbollah uses the station for propagating and fundraising purposes. it's shocking this station is still carried by satellite providers all over the

united states. seeing a sell-off in treasuries. higher rates, a stronger dollar.orrow. carl, consensus, 230 jobs created in the month of july. we will see you then. over to you for "squawk alley." >> keep our eye on wages, too. thanks, sara. >>> down 187 this morning. it is 8:00 a.m. at apple headquarters in cupertino. 11:00 a.m. here in the east. "squawk alley" is live. ♪ ♪ >>> welcome to "squawk alley" for a thursday. joining us here at post nine, jon steinberg, account accoukay here. jon fortt is off today. the main story of the morning, maybe the afternoon, down 188, 189 on the dow. s&p down almost 30 points. 1942. back to our first touch of the 50-day moving average since may. internals are not good. the a.d. line, 9-1 negative. gold is down. oil is down. really the only thing performs today is the dollar, as you've got ukraine, argentina, portugal and now with this employment cost report, kayla, the idea among some that the fed and yellen are behind the curve. >> and employment cost report doesn't often move the market. given the strength, gdp, the statement

cohen -- would he look to supplementing those funds from general revenue of the treasury of the united states? he couldn't answer the question. i asked him if he could provide us with a legal memorandum upon which he relied to obtain the ability to get funding from other sources if the internal funding was not enough to cover the cost of the risk corridors. that was january. i'm still waiting. i would like to know if i'm going to receive an answer to that question, and if so, when that answer might be forthcoming. fact of the matter is, both the department of health and human services and the white house failed to heed internal and external warnings about the lack of readiness of the exchanges. now we have the genera general accountability office report, and it is astounding to see that all the money that was spent, and not wisely, the organization continues to ignore recommendations and continues to pump money into what seems to be a futile effort. we're well on track to sink $1 million into the wealth of this website. we have very little to show for our money. i'm eager for the testimony of

united states. look at that. the yield on a ten year treasury american 245, the yield on the ten year whenever it is in spain 248. that is the lowest yield on a ten year in spain in 200 years. charles payne, genius that you are, you want to figure this out? >> 79. to be quite honest i don't know anyone who can come out and say it is one specific thing. i would not say spain versus the u.s.. the netherlands at a 500 year low. stuart: germany, 1.13%. charles: there's a lot of anxiety over is there. the idea of the ecb, their version of the federal reserve, will do something drastic, maybe even negative deposit rates. stuart: when you put money in a bank. charles: you have to pay the bank to hold it for you. stuart: if you put 100 euros and you don't get 100 euros back. charles: economic sanctions against russia will hurt the european economy. that is a concern. all the geopolitical things are concerns. bunch of confusion. the irony is with all this money going into european treasury, european bonds that is money that does not go into their economy. that is the irony. if this keeps happening the worst case scenario