china. the point here is how important is hong kong? they're usingkong residents there experiment ground, testing the waters. hong kong is extremely important for the company. they're trying to test more lifestyle product and services off-line. winning that licenses quite crucial in the sense that previous -- the local hong kong version four will allow alipay you to use the digital wallet. china's big banks report results. this is bloomberg. ♪ there could be possible corrosion entry minor engines. -- in dreamliner engines. world'sthird of the dreamliner's have the engines. conditional approval to delay second quarter announcements. they'll come out november the 14th. they're facing claims from creditors. china's biggest banks say bad loan ratios have hurt their first-half earnings. investigators are looking for signs of banks managing their bad loans. it is too early to say that the worst is over. i bank -- construction bank is unchanged. ratings of 18 major lenders. dot you make of this -- what you make of this? it's not getting any worse according

we have massive flooding in this country but this takes to us china and what you are seeing with this big bus lang out in hanging out inthe middle of the. officials say that kept the bus from being washed happened over the weekend. they are going through similar flooding dire situation like they are in louisiana. the driver reaching out of the window to save a child from a car nearby. they were doing every single thing right. two others pulled to safety bypass yes, sir aboard the bus. never would have thought this it was right thing to do but it was >> dana: in louisiana they've had major flooding there. have you to check out this dramatic video of a rescue that came in over the weekend. 20,000 people have been rescued from these floodwaters but none more dramatic than this. a woman trapped inside that red car as it is slowly sinking into the floodwaters. that man able to pull her out of that car just in time. she says my dog is still in there. into the car and saves the dog as well. unfortunately four people have been killed in this flooding in louisiana and president obama has made

behind us, china. >>> now that most bay area students are back to class, it's time to focus on making the grades. >>> we look at study apps that can help. it is 4:55 on this tuesday morning. and you are watching news channel 8 today. next, weather and traffic on the 8s is just three minutes although just 4 foot 8, simone biles is not to be underestimated. despite her size, simone's packed with power. refined, concentrated power. that's why she trusts tide pods. she knows small, can be powerful. >>> it's time for weather and traffic on the 8s on tuesday morning. 80degrees at tampa international airport right now. clear skies. steamy day. up to 93. 40% chance of showers and thunderstorms. overnight, staying warm with a low of 78 degrees. how about traffic on the 8s? >>> here's the situation, great drive on the bay area bridges. right now, 275 right near highway 60 where it connects on to the howard frankland bridge. that's what you're looking at. only six minutes to cross it. area, we have a vehicle that caught fire. the fire is out but nonetheless, located at orange >>> an elementary s

((michelle mortensen)) >> way behind us .. china with 58 .. great britain with 56 and russia has 44./// ((brian loftus)) >>> we want to give a big shout out to a couple las vegas locals! >> congrats to vashti cunningham.. she advanced to the high jump finals, which is taking place tomorrow... along with two other americans. this is the first olympic games for the teen./// ((michelle mortensen)) >> and las vegan connor fields did pretty well in the bmx cycling events. he will be advancing to the semifinals today./// ((brian loftus)) >>> america dominated in the men's shot put. team usa won both gold and silver medals. 23 year old ryan crouser came in first with 73 feet .. 10 and 3- quarter inches... an olympic record. place.. throwing about 71 and a half feet. new zealand took bronze./// ((brian loftus)) >>> another first for america .. helen maroulis won team usa's first- ever gold medal in women's wrestling. and she beat one of the all- time greats in the sport... a 3- time defending olympian./// ((michelle mortensen)) >>> and ... like a bolt

china's actions show that it sees us as a strategic competitor. we have chosen to see china as a large market that can be could build, -- cajoled, persuaded, encouraged into joining us as a defender of international security and economic stability. u.s. policymakers hope that the policy of trade between china and the u.s. and the accompanying economic progress from the former would remold chinese rulers to look and think and act more like us. the evidence does not support this hope. historical evidence teaches us the opposite lesson. prior to world war i, britain and germany were major trading partners. this had no discernible effect on the entity that grew between the two states. british leaders regarded germany's rise as a threat, while germany saw britain as an obstacle to their ambitions. world war i cast a dim light on the argument the british writer and labor mp norman angle made in his book. his argument was the trade between economic powers made war pointless and futile. world war i was pointless, but trade did nothing to stop it. i hope th

partner with us and with china to assure that the us china relationship moves in a productive way. which i think would be in the interest of both countries . so you know, this is going to be a central engine for world growth and if we do a good job in maintaining stability, ensuring the rules-based order, continuing to promote greater transparency and reducing corruption in the region so that all people are benefiting from the rapid growth that's taking place, then i think the future 50 years from now will be bright. jordan faber. >> thank you mister president. you are here today counting the transpacific partnership what hillary clinton is against it, or vice presidential nominee tim kaine has now reversed himself and is against it. donald trump is against it to meaning the next president is opposed to this deal. if you take both candidates at their word, how do you plan to get congress to pass this deal during the lame-duck and what is your plan to visit members to do so given the opposition i just described and

wild and crazy stuff is happening there. >> hi, for those of us that don't follow china that closely there are couple impressions going around. one is that ping has pretty much continuous to exert a lot of influence, including in the area of using corruption to cleanup the system if you want to take one kind of headline. on the other hand it is clear that alibaba is leading in a different area that you used the phrase, a global situation, and brought globalization into that. is there any interaction between the eco sphere of ping's world and jack ma's world? >> there is. >> could you elaborate? >> it really a key part of the conclusion of the book like where we are heading with this. can we have these heading in deferent direction worlds at the same time? we would not be having this discussion now so but much but the elements of nationalism. you just declared another holiday. september 15th is national security awareness day. with the italian prime minister, jack declared september 9th is wine tasting day in china. the chinese is going to clear it out. we have consumerist china and it

i think it is important even though china has occasionally made it difficult for us, it is important to include china as much as possible both on the track ii dialogues that you talked about, for orr issues beyond -- other issues beyond military and especially on the military issue, because that's going to be by far the hardest thing to resolve. one of the -- i teach now at stanford with gary ruffin, he used to be the chief of the navy. one of the things that he's quite proud of, and i think it's a great initiative, he helped persuade the pla that when chinese sailors meet sailors of other nations including the united states, that they're allowed to peek to them by radio -- speak to them by radio, which they weren't previously allowed to. tiny step, right? not such a big deal. but that alone has gotten, has made accidents less likely, it means that everyone's on the radio practicing their mandarin and practicing their english, and you're much less likely to shoot if you all talking to each other, practicing your languagings. i agree we need more and more of that, and it would be great

wild and crazy stuff is happening there. >> hi, for those of us that don't follow china that closely there are couple impressions going around. one is that ping has pretty much continuous to exert a lot of influence, including in the area of using corruption to cleanup the system if you want to take one kind of headline. on the other hand it is clear that alibaba is leading in a different area that you used the phrase, a global situation, and brought globalization into that. is there any interaction between the eco sphere of ping's world and jack ma's world? >> there is. >> could you elaborate? >> it really a key part of the conclusion of the book like where we are heading with this. can we have these heading in deferent direction worlds at the same time? we would not be having this discussion now so but much but the elements of nationalism. you just declared another holiday. september 15th is national security awareness day. with the italian prime minister, jack declared september 9th is wine tasting day in china. the chinese is going to clear it out. we have consumerist china and it

china. in's did into recession july. we have the chart you cannot miss. ceo pathsbc's u.s. burke joins us to discuss the flows between u.s. and china later in the hour. scarlet: we begin with our "market minute." the dow and the s&p declining to start the month. we mentioned wti, oil, is in a bear market. it has fallen 20% since the peak in june and it is down about 4% today so that is a big drag on the energy shares, which led different interest three -- led a different industry groups to market the ones that are notable are health care and technology. , 3.3%nergy is something were really driving the s&p down. oliver: the market has been so tightly traded that we have this long-term range where we have been bound and now you have the short-term range but oil was the story today because this is 2 markets, stocks and oil, that for a while they have been moving independently of one another. stocks are touching new highs and oil in the bear market has been falling the past couple months. when you see the s&p struggle to stay in the green, it starts to call into question a little bit stresspo

china to stop the construction. president obama: i reiterated the us will continue to fly, sail and operate wherever international law allows, and we will support the right of all countries to do the same. scott mcdevitt is confident that : china's bluster won't ongoing patrols of the area. admiral mcdevitt: there's only one way china can prevent us from doing that and that's if they try to use force and shoot at us and try to attack us. in short of that, we can go where we damn well please, but where international law permits. scott: do you think that's a realistic scenario, that that would ever occur? mcdevitt: i don't think so. no. china's not stupid. they're not going to, why would they want to start a, a conflict with a nuclear armed united states. sharyl: that was scott thuman reporting. still ahead on full me sharyl: fallout continues over the april release of more than eleven million documents dubbed the panama papers. it was an unprecedented leak that exposed how wealthy individuals use anonymous offshore entities to hide their assets. a whistleblower obtained the documents from one of the biggest offshore l

i think it is important, even though china has occasionally made it difficult for us. t is important to include china as much as possible both on the track to dialogue utah to bow, for other issues beyond military and especially the military issue that is by far the hardest thing to resolve. i teach now at stanford with gary ross has been one of the things that he said that he is quite proud of than i think this is actually a great initiative is he helped persuade the pla that when chinese sailors meet sailors of other nations including the united states and they are left to speak to them by radio, which they were previously allowed to come in tiny steps. not such a big deal. that alone has made accidents less likely. it means everyone is on the radio practicing their mandarin and practicing their english and you're much less likely to shoot if you're all talking to each other. i agree with you that we need more and more of that and it would be great to do more on a trilateral basis from the u.s., india, china. is some dialogs like that handles with australia and japan.

the world's clean energy super power's either going to be germany, china, or us. and i'm going to make sure it's us. from 500 million solar panels installed by the end of my first term, to precision manufacturing. we can do this, millions of jobs right here in america. tomorrow on cbs 2 this morning. that's my plan. animals of all kinds can be used to bring comfort and help to humans. follow one horse farm in new jersey -- that's an oasis for sick children.that's tomorrow back with terry swails. were looking forward to a weekend of events. the game is going on. folks will have a three-day weekend. >> this is the last big ora -- hurrah for summer. the pools will be shutting down we've got things straightened out. oil give it to you straight. 78 is the temperature. wind at 14 miles an hour. today's dew point is back in the 50s. that means we have scoured out a lot of moisture and humidity and it feels good. this is the last day of august, that means summer is coming to that's june through august. we had 19.87 inches of rain. 6inches above normal. the average tempera

china sea. is it any wonder beijing does not want us to look at these maps? there, see taiwan up completely thanking anything else that is going on in the south china sea. on innking anything going the south china sea. it helps to look at maps once in a while. interests. first thing, i would take the humorous will rogers' advice. when you find yourself in a hole, stop digging. don't continue to make things worse. unfortunately, we do by, as ian described, politicizing the military relationship in a bad way with taiwan. it would seem to me that we should understand what i just tried to show you on the maps, that taiwan's role in the bilateral sino u.s. competition, in a geographic ledge and politicalwedge, it is because of taiwan's role as a viable alternative to the prc. legally, politically, and ideologically. forget, japan is a committed participant. pig in the bacon and egg breakfast. taiwan's role in the competition is central. tokyo understands this completely and has a fairly , aust, but necessarily different relationship with taiwan. the geography for j

we have tremendous power over china and they will like us better. what is your thought on how the china --on how china views that? china and the u.s. have tremendous influence on each other. it is not the case that the u.s. has a lot of powerful chips we can play. a number of the things we just heard. china is building a massive military fortress in the middle of the south china sea. that is not true. china is building out islands in the south china sea and putting some military resources there. it is not a massive fortress. say that in the event of conflict, these assets would be almost instantly taken out. he also just said that they are not allowed to build these. that is also not true under international law. he said that they do not respect our leadership and they do not like us. this is a much more complicated issue. the chinese in general, while nationalistic are not anti-america but they are very pro-china. as anyone that has been there can tell you, this is not an anti-american country. there is considerable worry about what the u.s. is doin

china call for more investment into the ad tech space. some see it as potentially saying, we need help. howyou walk use united states? >> that happened for a couple reasons. as a globaltising business is a massive business. even at that size, you would need -- $200 billion this year and growing. in china, it is growing faster than the other markets. has natural hurdles that exist to enter the market, especially for foreign countries. it is less sophisticated. it is behind the u.s.. it will be a year or two behind the u.s., maybe more. at the same time, it has a unique set of challenges. the china mandate may not just be to grow within china, which is obviously great. long-term isandate you will see an increase in outbound investments for companies that are global, that have scale, a real business model that will be long-term sustainable. that is what mcdonagh and chairman zhang want to do. the goal is to not only add china as a market but double down on u.s. and european challenges. ramy: you are an entrepreneur. what is next? >> my plan is to continue with these guys. that was one of the primary reas

china. he happens to be an wellington today. thank you for joining us.t go through because of national security concerns. what is it? clearly there are some national security concerns involved. in any large infrastructure project like this, the relevant authorities in australia will be looking at it carefully. unfortunately, none of us will know exactly what those concerns are because they won't be made public. there is a larger question at play beyond the security concerns. i think it is an underlying worry about china's future direction as a great power and what its intentions are. that trickles down into the sorts of investment decisions. saidad: i think your piece we need to talk about china. who in particular needs to talk about china and within what parameters in australia? >> the piece we published a call outs really to the business community and australia. on issues of national security or strategic deliberation, it has been a tradition that the business community remains at arms length. you could even suggest that the past 22 years of economic b

. >> difference between us and china which is argument they used to use under obama, china spends 10%ture to nowhere. they're in different stage. they're still building roads. we have roads that need repair. we have bridges, electrical grid. infrastructure that needs repair. you will not take people and put them into a job digging ditches when professionals, technically, the people who are in those fields already build the roads have no new jobs. there are no jobs. sandra: how she will differentiate from obama in the last several years. kennedy: more of the same. to quote margaret thatcher who said, politicians and economists take infrastructure. you and i take the rail or the train. a little wit at this system there. hillary clinton tried to portray herself as change maker but our very own chris wallace asked her that and whether she is offering tweaks to president obama's agenda. her defense and whether it is enough to convince voters to send her to the white house. ♪ i have asthma... ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term contr

china' right around the corner. admiral mcdevitt: so they're going to have the range of capability just like the us will have except it will be smaller. but because the rest of world's navies have gotten smaller, it will be the second most capable navy in the world. scott: last month, president obama called for china to stop the construction. president obama: i reiterated the us will continue to fly, sail and operate wherever international law allows, and we will support the right of all countries to do the same. : china's bluster won't interfere with the u.s. navy's ongoing patrols of the area. admiral mcdevitt: there's only one way china can prevent us from doing that and that's if they try to use force and shoot at us and try to attack us. in short of that, we can go where we damn well please, but where international law permits. scott: do you think that's a realistic scenario, that that would ever occur? mcdevitt: i don't think so. no. china's not stupid. they're not going to, why would they want to start a, a conflict with a nuclear armed united states. sharyl: sharyl: fallout continues over the april release o

it is mostly used specifically china. by the way, it leaves bruises for a couple of weeks. ed: it is 84 degrees right now. it has been a hot summer and it will only get hotter and dryer. >> a closer look at the impact the drought is having on all of our lawns and what we can >>> call me captain obvious, there. >> i need to write it down. ed: it has been hot and it is only expected to get hotter and dryer as the summer goes on and the days go on. >> that's for sure. as of last week this is why we are talking talking about this story. 62% of the state was in a severe drought. new at 6:00, newscenter 5 looks at what you can do to protect your lawn. reporter: for many this is ano . >> >> most have a full ban. most of our customers don't have anyway to keep the lawn irrigated. >> dealing with the brown crunchy grass. >> the lawns are definitely stressed right now, but it is always amazing to me because this is not the first time we had a major drought. >> they say they have been fielding more calls from people with one main question put brand-new lawns in this past spring, a lot

china. it may make us question the whole development model of china , which was export oriented.hina has been moving away from, but the transition is going to be much more important. mark: 3-d printing, the computer revolution, i learned to type code in binary and hexadecimal and stuff. francine: 20 years ago? mark: more. from that generation, all of today's programs, intel, microsoft, all came from that home revolution in computing. you've got to affect 3-d printing brings a similar revolution in manufacturing. there's a guy called fitzpatrick who does the most amazing stuff with cats and dogs. the other night, he showed how he built a new elbow for a dog, 3-d printer, out of metal. it would have taken years to fabricate with a chisel and a bit of metal. that has got amazing potential. francine: but our companies giving up? we talk about innovation. it is a word being branded a lot about without sometimes meaning anything. are there companies taking this seriously that can be at the forefront while saving jobs? think it depends on a lot more than just the companies. it is really

china. thistte has been following for us. they are worried china has to put a lot more reforms in place.mf, the mission chief for china, was speaking on article 4 on china. phone or abilities in the economy -- vulnerabilities in the economy are rising at a dangerous trajectory. the imf did say they are confident china will rise to the challenge. yvonne: what about these shadow credit products? >> these are high yield, high risk. aboutave a yield of 11-14%. the return is high, but the risk is as well. the imf is worried defaults on these could lead to big liquidity shocks in the system. were --four japan, they four japan, they were operating on some unconventional policies. called an income policy. a lot of economists are not really a fan of this. problem. a different deflation at the moment, they need wages to rise. a lot of analysts saying this is not going to work. one of the people in charge of the policy for the white house back in the 1970's, he is a senior fellow at the brookings institution and says there is no way a company will take on more cost and push wages higher. it is unli

some saying china is not out of the woods just yet. michael, thank you for joining us. so far? do you see signs of stabilization? >> one funny fact is we are expecting better than expected data. we still have three years of falling prices. with that said, it's starting the trend in the right direction. there was one piece of bad data we should focus on and that was in poor. generally a bad sign for the domestic economy. still not seeing a lot of robust demand. >> what do you -- that might be a sign of diminishing slag in the economy but what do you attribute that to? >> you still have a slowdown in china so we are trying to balance the economy away from industry, more toward consumption but it's a very hard into do. what's really stabilizing the economy isn't that you suddenly have a miracle. a lot of people had to lean on some of the old drivers, some of the manufacturing. were up a bits and that is because you have seen some depreciation in the currency. what's causing it stabilize probably isn't what you would you were looking for a rebalance. >> we did see auto sales

china? >> they tell us that videogame sales will not be enough to revive china's economy or fill a hole leftr. we do look for signs that the consumer is growing. growth inignificant the videogame sector. they are predicting growth of 7.4% to 2020. it is a real example. let's remember that there are 534 million video gamers in china. one in every 14 humans on the planet. not enough to turn around china's economy. rishaad: is it supporting a push towards this? >> they are. they are spending money on technology sectors, doing more to build wireless networks, which are vital for gamers to go online. tencent is doing work in the video gaming industry. chinese countries are going offshore and buying videogame assets. the president is not sitting there extolling everyone to play video games all day, but they are pushing this idea of a new andomy, technology innovation, even if it has a long way to go yet. rishaad: thank you. we have this beleaguered gaming ilweb.y ph the suspension is to be lifted about half and hour on the philippine stock exchange in manila. this company is about to lose its cont

. >> china's intent to militarize the south china sea is as certain as a traffic jam in d.c. >> admiral harry harris jr, is head of the us pacific command, he came to capitol hill, to raise concerns about china's intent. admiral harris: in my opinion, china is clearly militarizing earth to think otherwise. greg poling: you're seeing an entirely new island, where nothing existed before. scott greg poling runs the asia : maritime transparency initiative, they commission satellite photos to monitor china's activities. >> we have at least two radars under construction, a heli-pad. scott these photos, as recent as : february, show china's construction continuing at a breakneck speed. chinese president xi jingping on u.s. tried to frame the photos differently, claiming china does not intend to pursue militarization. >> you build barracks, you build a harbor, you build an airstrip, all you have to do is fly in overnight and it's, and you have a base. scott rear admiral mike mcdevitt : knows the south china sea, and the spratly islands. now retired, he did seven tours in the pacific, including at the command of a destroyer squad

the world's clean energy super power's either going to be germany, china, or us. and i'm going to make sure it's us. alled by the end of my first term, to precision manufacturing. we'll beat the competition and create new high wage jobs. we can do this, millions of jobs right here in america. he's now out near painesville and willoughby there's a chance in the next hour of squeezingqu out a showere that might last 15 or ten minutes.n bigu changes over the next coupe of days the temperatures will start to fall.l. there's the drop in temperature b we're looking at coverage increase. highs will be in the lower 80s. we will start to see the coverage begin to increase prior to mid- evening all lot will we are going to get some lakeme driven clouds and some showers tomorrow afternoon the coverage will be really small with a nice day.l as we look at that eight-day forecast will look morek like early october we will get thatet ?? this fall at dunkin' donuts, get lost in pumpkin with a $1.99 medium macchiato or latte from 12:00 to 6:00 p.m. sip in the season today. the ave

the world's clean energy super power's either going to be germany, china, or us. and i'm going to make sure it's us. from 500 million solar panels installed by the end of my we'll beat the competition and create new high wage jobs. we can do this, millions of jobs right here in america. that's my plan. ? we buy any car dot com, ? ? any any any any ? trading-in or selling your car, truck or suv? webuyanycar.com takes the hassle out of selling two, drive to your local car buying center. and three, walk out with your check in as little as 30 minutes! so don't wait. get your free online valuation now. at webuyanycar.com ? find out how much your car's worth ? the stadium renovations are complete... and the giant video boards will be lit up tomorrow night at raymond james stadium... when the bucs host the browns in the preseason home opener... starters will see extended playing time... atleast a full half... but position battles continue... with the first round of cuts coming up on tuesday... final cuts next saturday... and the bucs have a strong battle at the 4th and 5

the world's clean energy super power's either going to be germany, china, or us. and i'm going to make sure it's us. from 500 million solar panels installed by the end of my first term, to precision manufacturing. we'll beat the competition and create new high wage jobs. we can do this, millions of jobs right here in america. tomorrow on cbs 2 this morning. inspiration can come in all shapes and sizes -- and at the moments it's needed the most. most.learn about the big steps one small girl is taking to help flood victims in louisiana..that's tomorrow on cbs 2 this >> i think you may see an extra spring in people steps tomorrow. >> definitely. why not. we are overdue. >> that was the term. two points. yes, very good. it has been a summer of high dewpoints in eastern iowa and humidity off tomorrow so forecast looks nice now as we approach the holiday weekend. seventy-one is the current temperature and winds are northwest, so that indicates that a friend has passed through eastern iowa. even though that has happened, we have a dewpoint of 71, so that drier air is lag

personal element is a corporate element with the of broader picture what is the rise the tells us about china? and by the way he might be here. no he had to go descend francisco but their opening an office here in washington d.c.. but i don't know i find the geography in the pronunciation of names even today it is like i never heard of. so this is where alibaba is from and his constituency but in indonesia of book with a map of the u.s. west coast because he get to know the names in chinese. will the chinese investment in that is important because they discovered the internet tuesday next week. there is a holdback story had they got there but in a sense of the west coast the trade and relationship but now alibaba is on the east coast with europe and london and paris and munich they're increasingly reach a note it is having an impact even if you're not in china. but it just surpassed the wal-mart to become the largest retail and the world. it is a platform the above masson scale in is allowed because it is the business model but to bring in the products of the u.s. in its next week of washingt

these people would love to represent us against china, against japan, against all of these countries,exico where they're killing us at the border and they're killing us in trade. we have a massive trade deficit with mexico not including the drugs that go back and forth by the billions. that's not including the drugs. we have the greatest business people in the world. they would do it for nothing. they still love this quountry. they feel crazy, they feel so angry. they can't believe the deals that are made. we can do things that have never been done before. we'll save open trade. one of the reporters asked me a couple weeks ago, mr. trump do you believe in free trade? yep, i believe in free trade. i believe in fair drade. i believe in ten other forms of trade. but the bottom line, if you really know, my deal is that i just don't want labels. i want to make great deals with individual countries for our country so that we create jobs and we take in money. basically, i want great deals. that's what i want. nd that's what we'll have. so free trade, interesting. free trade is wonderful. but

nuclear-armed proxy for china to influence the actions of the united states, japan, and in my opinion, for china to use to create favorable scenarios that may assist the intimidation or eventual conquest of taiwan. putting north korea's nuclearized c.b.m. on a chinese-made tell is about as obvious as you can get that china wants north korea to be a threat that it can use to influence the united states, japan, south korea, and to influence the evolution of the strategic balance in aisa. -- asia. >> in the back of the room. >> my name is ryan pickerel. i am with the new foundation. the president -- has made the communist party the vanguard of national security or national sovereignty. mr. fisher, do you think the u.s. with the help of taiwan the muster a deterrence that will squelch's chinese resolve? like, can we muster that level of deterrence? >> yes, we can, but working with taiwan to create a continuously effective deterrence that is pursued in coordination with japan, hopefully with the philippines and with an attentive eye to not just the balance of power in asia but also the global balance of pow

china has long used sports to highlight its soft power and could be the savior of the games if it so at to see you. fascinating: you have written. talk about the role china can play in possibly stopping this erosion of the olympic brand. sure. the important thing to realize when it comes to china and the anmpics as they play important role and how the government promotes itself to its people. the olympics are a way for it to compare itself to the rest of the world. china has used its medal count as a parallel to its rising national political standing. it be aportant that clean sport, level playing field. if they are cheating and the way the russians are, that message undermines. the one way they can fix this is by adopting biological passports. instead of testing athletes for drugs in their system, what it does is traces certain biological factors within an athlete's bloodstream overtime to see if they have been altered in some way by drugs. usedhas been tried before, in cycling, track and field offense, and china has actually been quite open to the idea. china's advantage is because

we have leverage on china. use leverage we have on china to convince the chinese to use leverage on north korea. for example, we could encourage allies in the region they need to weaponize their own forces. china doesn't want that to happen, doesn't want military powerful japan. we have sanctions we slap on north korea every now and then. do it differently. do it in a deriftive way. go to a bank, you want to do business in the united states? don't do business in north korea. if we catch you doing business in north korea, you're out of the american markets. shannon, third thing we have to do, understand the inevitable. they're getting nuclear weapons which will eventually be able to reach the united states. why are we gutting our missile defense program? we should be accelerating it. put it on steroids, missile defense. >> i want to talk about another issue while we have you. we have the air campaign for libya. u.s. military brass saying the operation would last weeks, not months. what do you make of that. do you th

the world's clean energy super power's either going to be germany, china, or us. and i'm going to make sure it's us. from 500 million solar panels installed by the end of my petition and create new high wage jobs. we can do this, millions of jobs right here in america. that's my plan. havertys furniture helps your home look perfect even when life isn't. hey. umm... sign here? sure, you got a pen? i do! thanks sweetie. the labor day sale is on now at havertys. ((walter)) it's 5:--, on life looks good. thursday, august 25th. i'm walter allen.((jen)) and i'm jen epstein. w the tropics this morning... let's go right to dave and skytower radar. no closed captioning is available for traffic. developing this morning: the search for a very ?revealing criminal.(jen) they have some new leads to work with. (jen fox-13's shayla reaves is at the main tampa campus right now... shayla, this guy's been on the ((jen thanks, shayla. (wally) the news of monsignor laurence higgins' death shook the community yesterday... and large crowds are expected at his funeral, next week. ((walte

((michelle mortensen)) >> trailing behind us is china with 51 ... great britain with 50 .. and russia with 38./// ((brian loftus)) >>> hard to believe the olympics will be over soon.. ((michelle mortensen)) >> already, all gymnastics events have wrapped up.. simone biles capped her remarkable performances in rio with another gold medal yesterday during the floor to win five medals in one olympics.. this is biles fourth gold and she also earned a bronze. fellow teammate aly raisman took home silver yesterday.. it was her third./// >>> and in women's basketball.. team usa defeated japan 110 to 64 in the quarterfinal game. it was pretty suspenseful- they were only up by 2 points late in the second quarter... that's not much considering they've won their games with an average of 40 points. the second half. they'll take on france tomorrow./// ((michelle mortensen)) >>> and the streak is over for team usa on the beach volleyball court. kerri walsh jennings and teammate april ross fell in straight sets to brazil in yesterday's semifinals match. the last time walsh- jennings lost a

the world's clean energy super power's either going to be germany, china, or us. and i'm going to make sure it's us. from 500 million solar panels installed by the end of my first term, to precision manufacturing. we'll beat the competition and create new high wage jobs. we can do this, millions of jobs right here in america. welcome back to fox 8 news in the morning. 4:42 a.m. is your time. in we have many lakes and anya smaller lakes and bigger lakes.d what's the city with a bunch of lakes.it >> minneapolis is the land of 10,000 lakes. you know they are going to open up,0 princes home for two weeks. >> let's go. paisley park, here we come. it's like and macy's. it's just wide open. i'm sure your wife with love that.s soup cans. our forecast, we keep our temperatures in the lower and middle 60s.mpe the storms are caught and we had about 40 percent coverage. not all whole lot of widespread rainfall.l. that said the humidity is still really high. just down the street in hopkins. you have lower and middle 60s. that's somewhat help by the couple of weeks ago.el that'

they looked at multiple studies at over 130 it's used for all kinds of things in china. it's used for herpes, like shingles. it's used for pain, it's used for disc herniations. >>laura: are these extreme pictures we're seeing right now? >> no. >>laura: this is typical therapy? >> no. instead of using that flame, they've created a suction cup. it's a little easier to use and they can keep it on a little bit longer but basically what you're doing, too, you're breaking little blood vessels. bruising. then it will have to heal itself. when you look at the studies, it's difficult because a lot of the studies, you have to compare it to a placebo. and they say because you've got that huge mark on your body, it's hard to not have a placebo effect, right? you're looking at it, you're feeling it. there's about a 30% placebo rate no matter what type of drug you use. in this particular case, it's hard to compare it because you've also got to make the mark. there have been one or two it may be beneficial for pain. but again, i think the jury is still out. apparently, you know, we have

uses cellular technology. >> the device can be in china and us here in arizona can track the device. >> reporter: they say it is useful for parents with children or pet owners. >> if your dog gets out, you get an alert or if your kid has a route to school. if they get off the route, you get an alert. >> reporter: they call it a small device for a big piece of monthly fee. we have a link on our website to their kick starter page. go to fox10phoenix.com. >> so i can track you on your weekend. >> great. that is a great idea. >> that is a creepy idea. >>> coming up, the percentage of americans who now say they smoke marijuana. >>> the place that is now a ghost town and it is all blamed on the zika virus. >>> after the break, back to our top arizona and when the next round >>> for the third time in a week, the valley hit with heavy monsoon storms. this one moving in this morning from our tower cam. camera. >>> drivers getting caught in this dust storm as it slowly crept across interstate 10. heavy rain followed filling washes in the east valley while in the southern part of the state, cars were washed away in the

china about his progress. this was frosting on the cake for us. rveillance personnel watching their own people for signs of compromise. and it also confirmed the importance of this delivery to china that they'd have somebody watching it. >> at the airport, we searched the bag of tai and fuk li, his wife. in the luggage, they had a small book titled "how to speak american english." in it they had two out of three cds. and they are the type of discs, you'd learn to speak english. put it in your computer, spit out words, talk back to it. instead of having the third disc, they had the disc they copied n encrypted. pretty ingenious. any inspector would open the book up, look at it quickly, see the two discs and move ahead. >> when tai mak and fuk li entered through security at the right moment, all the elements were in place to take them down, coordinated at the same time with the exact moment of the arrest of chi mak and rebecca at their house. it was about 11:30 at night. we showed them the search warrant. what they were under arrest for and transport

on the course the heavily favored us women's basketball squad faces china. and volley ball where the us women look to advance to the quarter finals, and that's your access to tonight's summer games schedule brought to you by cleveland clinic providing you with access to number one >>> hi everyone, indians had to wait over two hours thank to a rain delay here in downtown cleveland before they could try to make it three straight wins against the angels, and they got off to a great start. and then base hit up the middle. indians up 3-0 after one inning, and clevenger facing the team that drafted him. right now they're up 5-1 in the 9th, and they'll lead the tigers by five, because detroit won tonight. bad done for the year all going back to last season. he was injured while diving for a ball, had surgery in november, and then returned in late april, but only suffered a few game, tried to rehab, but couldn't get healthy. a mids rabble season for -- his responsible season for game. >>> arena football championship, gladiators and arizona scoring early and often tak

china at the moment. francine: richard jeffrey stays with us.g about spanish bond yields and eurozone next. up next, this is a picture for spanish bond yields good we saw and -- bond yields good -- bond yields. richard, what do you think of all this? buying opportunity or stay away from it? that is coming up next. this is bloomberg. ♪ francine: welcome back to "the pulse." a sneak peek before winter break. this a picture of spanish bond yields. but to quebec to 2012. that was the christ -- we took it back to 2012. look at that, it is below 1% for the first time ever, 0.972. are we pricing risk? richard jeffrey, are we in this present risk? or is it because of qe, we can live with it? richard: are we miss pricing risk? .es, both things are correct there's enormous amounts of liquidity in the world economy. it is looking for safety. it is not looking for real safety, it is looking for nominal safety. the people who are putting their money into these bonds, super nationals and institutions like that are not so bothered about the real value, they wa

francine: does it tell us about china echo -- about china? we caner the best lens look at china?art: i don't know if it is the best. it is one. there is such a glut. what is interesting about bhp, they are quite bullish in china. they're expecting the government to keep gdp between 7%. relative to the economic community, that is quite a bullish outlook. francine: what is your take? rupert: it comes down to china for most of these commodities. they are significantly more cautious and we had a bit of a bounce. and -- that looks unsustainable, the housing market. we are still seeing over the medium-term this steady downward trend in china. in that environment, it is going to be difficult for these -- for the chief executive sounds bullish about the medium-term. it is hard to see that story personally. one, the we had glencore chief executive sounding bearish. are we going to see more consolidation? radio is probably the most consolidated industry group. >> in terms of the large-cap companies, they have had varying degrees of success. lots of people want to sell assets. very few peop

germany, china, or us. and i'm going to make sure it's us. from 500 million solar panels installed by the end of my first term, to precision manufacturing. we'll beat the competition and create new high wage jobs. we can do this, millions of jobs right here in america. duval did you: scary moments in the sky as a flight from new orleans to florida lost part of an edge nba party -- engine in the air. reporter: passengers say it sounded like an explosion. >> we were kind of zoned out and then all of a sudden, it was that huge, loud noise. reporter: it happened saturday morning. flight 3472 from new orleans to orlando forced to land in pensacola after reporter: passenger photos show the front of the engine inlet missing. >> i looked back and it was gone. i just saw metal flapping. reporter: there were 99 passengers and crew members aboard. no one was injured. >> i thought it was a terrorist attack because it was that loud explosion and everyone started screaming. reporter: southwest called it a mechanical issue 1 engine. >> we're definitely grat

china made a call for more investment into the ad tech space. some see it potentially as saying, we need help. can you walk usn china compared to the united states? >> that happened for a couple reasons. online advertising as a global business is a massive business. even at that size, depending on what reports you read, between $160 billion and $200 billion this year and growing. in china, it is growing faster than the other markets. china is, because of the natural hurdles that exist to enter the market, especially for foreign countries, it is less sophisticated. it is behind the u.s. it will be a year or two behind the u.s., maybe more. at the same time, it has a unique set of challenges. the china mandate may not just be to grow within china, which is obviously great. the china overall mandate long-term is you will see an increase in outbound investments from china for companies that are global, that have lots of scale, a real business model that will be long-term sustainable. that is what miteno and chairman zhang want to do -- build a global business, not just a china business. the goal is to not only ad

tom, we're also hearing china is imposing a cap on lending and this is trying to curb the lending risk. what does this tell ushat china is trying to do? >> so the big issue, francine, is that china attempting to clamp down on financial risks without stifling the recovery in the real economy. that's why we are seeing the pvac making this move to raise funding costs and cut off the source of leverage going into the bond market. that's also why we are stheegs new controls over finance. francine: does that mean it won't become uhlier or that they are seeing something that's actually bigger than we think? >> i think certainly, given the experience with the equity market last year, china's regulators are very well aware of the risks of letting these bubbles go out of control. the risk, francine is that even very minor steps to temp down on these financial risks do real aving spiraling or a impact. that is what we saw when a very light tap on the brakes caused the market to come tumbling down. francine: we are two days from jackson hole and that all-important speech from janet yellen. how does she view this? again b

us. china distant second place with 26. 27 for the uk. they should be ahead, total medal count, factor in bronze and silver, there you have it on the right. we did awesome despite the furor over that ryan lochte guy and his crazy night out. kerry: total of 121 medals that beat the record of fully attended olympic greg: mets wrapped up the series with the giants out in san francisco. they're in third place right now. the giants had a no-hitter until the 7th inning, when the mets broke it with two hits. first a double. then home run you saw there, making it 2-0. that is all the scoring they needed. mets win it 2-0 in the final. kerry: l.a. got early lead. that would make it one zip angels. theth also by l.a. they go on to beat the yanks, 2-0 is the final score. greg: prospect park they had a brooklyn dog day thing celebrating dogs. they had a k-9 buffet, four-legged fashion show and photo booth for the dogs. kerry: more importantly free veterinary care was offered. organizers call it a day to appreciate dogs who they are and how they affect

they pay us soldiers -- do have a look at it. later, making china's, heading to charles gertie -- is going to be live at a conference finding out why commodities may be coming to an end. ♪ you are back with "trending business." exploration spending back on the up in mining, but is it a sign that commodities have turned the corner? our next guest is managing director at s2 resources, which is listed on the afx. -- a sx. thank you for joining us. up when itng a tick comes to the expiration spending . does it eventually me that there is more confidence returning to the commodities industry and a fluor is being found for many of these raw materials? yes, when we saw the chaos of global markets in january and february that was probably the final act of the [inaudible] there is a consensus now that we are at the start of another hasing and that confidence returned and there is more money available on the equity markets for exports. i guess withd: what has been seen it is confidence but i guess it is also met with a high degree of skepticism? yes, expiration

china? almost notit is relevant for those companies anymore because even if they were accessible, user habits are very well formed. chat andve usinghers. i think there is no chance users would migrate to their services even if they were available. emily: how about google? you know this better than almost anyone. google's own struggles in china. do you see google every coming back to the covenant -- ever coming back to the country? >> they will have to try a little harder than the other companies because of the way it chose to leave. google has a very diversified line of products. i think it has an opportunity to take the least sensitive products to try to land in china. maybe something that is hardware-related and doesn't have to do with social networks, and user data or censorship. emily: what about the search engine? >> search engine will be a little difficult. google pledged not to do censorship. that will make it difficult to enter for the time being. emily: let's talk about the reverse. wechat has had great success in china but difficulty entering the u.s. market. they have 700 million users. what is a likelihood they will be