whereas the view china is slightly different. and again, because nature is a military alliance, and it also needs to focus on, on that hello amanda and conscious, you know, declare china and a poem and not that it is trying to do that. but i think that's, that's the problem here in this, in this context. so the ones i do have the trans atlantic partner that you mentioned, but i wonder where the in the pacific partners fit in. and given that need to already partners with countries such as australia, japan, new zealand, and south korea in the, in the pacific and said to be done against dalton berg said in april that he, there is a possibility of cooperation with india as well, from the interview civic is all of these building up in a way to address the china challenge. yeah, i think partners, especially in the, in the pacific region are becoming much more important for nate who and then with the us as well. i mean us basically getting a charm, a sense of that and then, and after the traumatic years of trump and is reaching out to al

he also wrote the book china debates and chinese views on warfare. vincent is on the phone from philadelphia. good morning. caller: thank you for taking my call. god has blessed america. the only reason china is in the position they aren't is because -- they are in is because america is preoccupied with racism. that is what keeps us from being the greatest america can be. host: thank you, vincent. michael pillsbury. let me go back to president xi jinping. from your perspective -- president biden has talked about his relationship with president xi jinping. what do you know about that personal relationship? guest: biden is very proud of it. he put out the number 24 number total hours in conversations. they gave him a pinocchio or two. it was not a full 24 hours, but he has had a lot of conversations. he says he is the western leader who has spent the most time with president xi jinping. that is important. president trump also had a personal relationship with president xi jinping. they exchanged a lot of letters. they had meetings in person. the idea of

. _ administration before on their views on china. in— administration before on their views on re retaliation from china as well. but it is a _ more retaliation from china as well. but it is a difficult dance given the critical role china plays in the global— the critical role china plays in the global supply chain and as the second — global supply chain and as the second largest economy in the world. this is— second largest economy in the world. this is one _ second largest economy in the world. this is one of— second largest economy in the world. this is one of the things you will have _ this is one of the things you will have to — this is one of the things you will have to get around. i do think it's interesting — have to get around. i do think it's interesting that what hearing about this sort— interesting that what hearing about this sort of unite with the idea of multilateralism again coming out of the administration, this is very reminiscent of the tpp, which now seems _ reminiscent of the tpp, which now seems like — reminiscent of the tpp, which now seems like it was so

i have a look at this train with a view. china is trialing new sky train carriages in the city of chang. do they have glass on 3 sides? the developers say they are also greener and more canonical than other transit services. the me how about the out of thank you? through the headlines iran bank paramilitary and on groups in iraq, promising a joint response to us and strikes along the syrian border.

joe biden would like to see a united front to come to china's increasingly aggressive behavior while the european union and germany in particular, views of china as a systemic choir will and competitor, but also as a partner on global issues. what issues are expecting to dominate? obviously the current of ours will be top of the agenda. but what other issues the world late is going to discuss? so there are going to talk about climate change, the economy recovery, how to deal with china as i just mentioned. but i think that the front and center of this meeting today is the crew of ours and condemning and the origin need to provide more vaccines for low and middle income countries. and that is what makes actually, i'm also stress upon her arrival, how important it is to address this issue, the lack of vaccines in africa, for example. he said that it's important to send a strong message that the 7 are addressing the problem and that they are not only thinking about themselves. well, alex, thanks very much. i'm sure is going to be jam packed couple of day news alex on a phenomenon. this is of course you as president, binds 1st, foreign tr

the covid virus certainly play into that but even back in 2018, most australians had a favorable view of chinae leadership and for one of the very first times, unfavorable view about china's economic rise, which says a lot given that australia as well as a lot of other countries around the world and fitted from the economic ascent. interesting study. let's get to vonnie quinn with our word headlines. vonnie: hong kong's next digital is ceasing operations thursday. the company is owned by him eli and was the publisher of the apple daily before it closed last week. the newspaper was forced to shut down after authorities used hong kong's national security law to arrest top executives and freeze funds. the front runners to become new york city's mayor has seen its lead narrow after officials issued a corrected tally from the mayoral primary. eric adams now leads with a 51.1 percentage of the vote compared with 48.9% for city sanitation commissioner kathryn garcia. the earlier results were thrown out because some test votes were wrongly counted. indonesia's is close to finalizing its listing rules.

whereas the view china is slightly different. and again, because nature in the military alliance, and it also needs to focus on, on that hello amanda and conscious, you know, declare china and a poem and not that it is trying to do that. but i think that's, that's the problem here. and in this context, it's on the one side, you have the trans atlantic partners, as you mentioned, but i wonder whether in the pacific partners fit in a given that it already partners with countries such as australia, japan, new zealand, and south korea in the, in the pacific consecutive w inch dalton berg said in april that there is a possibility of cooperation with india as well, from the interview. civic is all of these building up in a way to address the china challenge. yeah, i think partners, especially in the, in the pacific region are becoming much more important for nato. and then with us as well. i mean us basically doing a trauma sense of that moment after the traumatic years of trump is reaching out to all kinds of allies, including in the,

there is i will as the theda pool we urgent tina funny have a look at this train with a view. china is trialing new sky train carriages in the city of chang, do they have glass on 3 sides? the developers say they are also greener and more canonical than other transit services. ah, how about the out of take you through the headlines iran bank paramilitary and i'm groups in iraq promising a joint response to us and strikes along the syrian border. the u. s. says the facilities hitch were being used to launch attacks against its troops more from marin county following this one from baghdad. where it's only the 2nd time actually that they have been targeted by us strike under president joe biden's rule. now, you as president has said that the us actually attack to very specific para military groups could type osha harder and can type his bullet. he said they, those attacks took place on a drone manufacturing brace on the al. com border crossing those drones have actually been used in attacks against us targets in iraq. over the past year. the headlines, the delta various spreading sauced i

can you walk me through how you can view china as an adversary in certain areas and expect cooperationcally not mentioning his name -- does specifically not mentioning its name fulfill that objective? michael: hungry has been doing business with china. germany has a more mercantile attitude with china. the u.s. and the u.k. and now france are more skeptical about chinese technology and whether the chinese will leverage their economic or technological power in order to advance political objectives. therefore we are more inclined to be careful about where we allow the chinese to exert influences and where we allow technology to play a critical role. there is a general understanding china is a rival, but the degree to which we are concerned about national security issues differs among members of the alliance. is it going to be possible to apply the correct amount of pressure on china if the eu and the u.s. are not 100% and the same book, on the same page? michael: we will get there. even the last couple of years, initially the alarms that were raised about huawei being the technology prov

let's look at the view from china now on this important anniversary and it's implications for beijing's relationship with hong kong. corresponded mathias ballinger is joining us from the chinese capital mathias. you know, as we've heard there cow, hong tongue, the organizer of the tea edelman square vigil has been arrested in hong kong. what message does this send to the democratic movement in the city and also pro democrats in china more broadly? while the message is clear, the message is that what the party does not want people to say can not be said in hong kong. now as well. this vigil has, of course, being in the thorny of the side of jane for many years now and with a new security law. and with the overall political situation in the city, they have now the means to shut it down. the, the, their goal is clear that they don't want this event to be mentioned on chinese soil or even anywhere in the world. and they do whatever they can to make to let have people forget this. how important has the hong kong visual been for democrats in china and keeping the memory of the events of $989.

china. pam made her views clear and the nomination hearing, but i would like to hear from you about your views on china. we heard about how you cooperated with the soviet union during the cold war. do you envision any opportunities to working with china in that same kind of context? >> well, of course this is in the backdrop of a lack of transparency about the rocket core that went out of control. could you give us a little more volume, please? that just simply shouldn't be. if you have got that huge first stage of our rocket coming down, even if they did not, which they did not, allow enough reserve for fuel so that they could bring it down in a controlled way, at least you ought to be open about it. i want to see that change in our relationship with china. there is a lot that we can do to cooperate. we must cooperate, for example on avoidance. we need to be able to warn each other on space debris. there is a lot that we can do if you will be open about it and i look forward to that. i hope that china will respond. >> high, marina -- hi, marina with the atlantic. why go with two missions to v

china. but you're absolutely correct that there are, there are different views of china. the washington empower. busy though in. ready the united states under the vibe and ministration has fully embraced right out competition to maintain us what we should be in the ring are not cheering up worse for european countries. they have serious concerns about asian ration the way they do not see us leadership as well. so even though it looks like alignment, european and us actual backed up probably people disagreement between what the long term goal for european the hope is that china will rang it a little bit at that vision and be more on the world and be a bit more collaborative multilateral play out united states always maintain unrivalled leadership. ready and european view does not lend itself to supporting. yeah, and we also heard criticism of china at the g 7 g 7 liter is criticizing china's human rights record in shing john to which we saw a response from a chinese embassy in london, a strongly worded statement. and the g 7 summit, g 7 leaders were talking about setting u

don't view china quite necessarily as a threat as the president has laid out here in the first few months of his term where he painted his picture of democracy versus autocracy as the defining battle. the whole g7 itself is themed along climate change. there's a lot of agreement, if there with the president and the allies represented here on the coast of england. but the question is what substantially will come out of that. the idea of economic fairness dovetails with the climate change. and if we step back, this is just about reassurance. this is about this president trying to answer the question that so many u.s. allies have. was president trump's term that america-first foreign policy, was that the operation, or is joe biden's term the operation? biden can be followed by if not trump himself but someone who practices trumpism with the world? biden's message is supposed to be we're back. trump was the blip, not me. >> let's talk putin. that's something we're looking forward to next week. we have an exclusive interview, putin with nbc's kier simmons ahead of his meeting next week. it's h

corporations and not just the companies that make it in china it is all of the global multinational that viewed china of the golden goose. they will literally do anything to curry favor with the communist party of china other than maybe send us banana. and gift certificates to bass pro shops, but you saw what the nba did. the nba backtracked, all of hollywood does that. they constantly edit film to make sure they're okay with the communist party. the comments that were made on taiwan. this one quick thing, i think money kind of plays upon our greed, and money, it's not just the g7 that will take private corporations, it really will require dozens of countries. i want to point really quickly to the prime minister of pakistan that we did an interview with a jonathan swan in xes, and he literally said h would not condemn china's treatment. he said, but it's jenna genocide , it's forced assimilation, its sterilization and he said we have private conversations very china has been one of our greatest friend in difficult times we were struggling economically. they will not can in that country. >> the wuhan

a lot of these nations don't view china the same way the united states does. he wants a cohesive argument against china. that's something he's been pushing to make. i think one way they're trying to deal with all of this and respond to this is when it comes to vaccine sharing and what that role is going to look like. you heard him references that in his speech earlier tonight. i think that's going to be a big part of it tomorrow as well. >> gloria, the most highly anticipated meeting will come one week from today, next wednesday in geneva when he sits down with putin. >> and don't forget. putin and biden know each other. biden likes to tell the story when he met with putin about a decade ago, he said to putin, you have no soul. and putin said to biden, then we understand each other. it's not as if these men don't know each other. however, i don't think biden is going there to blow things up with russia. i think he wants to find where he can agree mutually on certain things. i think the big issue is, this can't, from an administration point of view, look like he

view china suspending space operations and how should we compete?s going up, something about it, i guess i was being an american-born in the '60s and you know exactly what i feel so how should i feel about the fact that china is going in, they're building a space station and that may be they may start to take the lead with respect to space? >> first of all, congrats to the chinese and their astronauts, they are having a great view of the earth and also, congratulations to them on that. i wish them the best. china has certainly been doing a lot in space. they recently landed a rover on mars, they landed a rover on the far side of the moon, which is amazing. a big difference between the chinese program and ours is the people's liberation army is involved in every step in their space program. a nation that can do these amazing things also has significant military space capabilities, and i think we need to keep that in perspective. the chinese goals, their vision for the future down here on earth is much different than ours and we need to keep that in m

together, bring us and canada on the one side of the atlantic together with the european where the view china is slightly different. and again, because they to the military alliance, and it also needs to focus on, on that hello amanda conscious, you know, declare china and a poem and not that it is trying to do that. but i think that's, that's the problem here in this, in this context on the ones i do have the trans atlantic partner that you mentioned . but i wonder whether in the pacific partners fit in a given that inital already partners with countries such as australia, japan, new zealand, and south korea in the, in the pacific and said to be done against dalton berg said in april that he, there is a possibility of cooperation with india as well, from the interview. civic is all of these building up in a way to address the china challenge. yeah, i think partners, especially in the, in the pacific region are becoming much more important for nate who and then with the u. s. as well, i mean us basically doing a trauma sense of that and after the traumatic years of trump and is reaching out t

and so for nato to be casting china in this way suggests it does view china as something of a threat,h, the nato communiquÉ wasareful to use the word "threat" toward russia but to use the lesser -- less intense word "challenged was quote when it came to china. juan: i'm wondering if you can commenon the g7, the initiative calling bill back better for the world as a possible alternative to china's developing initiative? i don't think many people in the u.s. appreciate the impact that china's initiative has had in the developing world. and also had a period of the pandemic, its efforts to export vaccines. i think it is now china has already exported 700 million doses to the rest of the world, which is about what the g7 is promising to do in the future. and it -- my understanding it is providing 20 million vaccinations per day to his own people, whereas in thenited states -- how does this have an impact on how the rest of the world sees china? >> we saw the g7 on friday act as though it needs to really meet china's activity in both of these domains -- vaccines and development aid. and th

probably more interesting from china's point of view will be what happens in the rest of asia over the next few weeks should this delta variant start to impact trade flows across the region. china will be more wary about how that affects their ability to export or if there are any more supply blocks or dislocation of people locking down. all in all, coming toward the end of what has been a choppy month but people seem to be looking ahead for a decent summer and the mood is not too bad across equity markets. yvonne: and this on the back of a firmer dollar narrative. what is the outlook for the dollar in july? >> it looks like the dollar will start the month pretty well. it is not just the fact that short-term yields have risen and they are staying there. they are pretty sticky in comparison to other currencies. you are also seeing a couple of the big movers, the euro and the aussie, struggling to hold their ground. once you have momentum in two such widely held currencies, it will spread to the wider dollar field as well. there is a number of options expiring, the aussie trading slightl

is with president trump going after china, he crossed the rubicon with china 73% of the american people don't have a favorable viewey-dovey relationship we are competitors and adversaries. the message is changing. that is what the biden administration is trying to do we tried the bilateral approach. let's do multilateral and get all of the allies with us as we go at china. they started that process with the g7 not as far as as they wanted. that is the approach. >> a lot to digest for sure. andy blocker, thank you. >> thank you >>> coming up, heading to the heavens with jeff bezos for a few million dollars. the high price someone paid for the space ride with the amazon ceo and other top headlines. >>> and the top stories. japan set to launch anti-trust probe into apple and google over the japanese smartphone makers this is according to the report in nikkei. this comes ahead of the an anti-trust report this week. >>> and speaking of amazon, revealing the details over the robot workers to help employees safety ernie and bert hoping to reduce stress on workers. >>> and the ongoing crisis for home depot the companies t

example, russia is going to be discussed by the leaders, but also china is going to be very important topic and there are more divergent views on china within the g 7. so generally trying to get the countries on board and have a united present the united front of western liberal democracies. the w correspondence, big mazda and cobb, is bay with a g 7 summit will take place. thank you, big. but frances has refused to accept the resignation of one of germany's top catholic bishops of the handling of a sex abuse scandal. cousin was fine homes, marks offered his resignation in a letter to the pope. last week, with the business of munich said he had a shared responsibility for what he called the catastrophe of sexual abuse by try. not, not accused of committing abuse himself suddenly found that nearly 4000 children, most of the boys were sexually assaulted by german clergymen between 946-2014 w as religious affairs, corresponding months in got joins as now for more of this story martin put this into perspective for us. why has the pope refused cotton a marxist resignation? well, i mean, it's very hard to say why i mean, what are

example, russia is going to be discussed by the leaders, but also china is going to be very important topic and there are more divergent views on china with in the g 7. so generally trying to get the countries on board and have a united present the united front of west and the democracies w correspondence. big mazda and cobb is bay with a g 7 summit will take place. thank you, big. now let's take a look at some of the other stories around the world about the largest meat processing company, j b. s, says it pay the ransom of $11000000.00 during the cyber attack. earlier this month, the attack and dropped a capital slow train at us plant and threatened to disrupt food supply chain. it followed an earlier cyber attack on the colonial gas pipeline, the f b. i. as we've covered, most of the runs and pay that child labor has risen for the 1st time in 20 years. the united nation says 160000000 children around the world are forced to work. more than half a younger than 12 un is warning that the panoramic could push millions more into later. european union has condemned a russian court decision to ban organisations connected to the o

it was an extremely important message of unit view looking at china and russia. so yes, on that and by the was successful. but of course there are many on answered questions such as military spending just a single old one, a germany for instance, as still admit its financial goals doesn't correspond to all of resolve in washington dc. always a pleasure. and we can turn our attention now to some other stories that are making headlines at this hour. thousands of activists have protested in budapest against legislation, would ban any content or crane or promoting homosexuality or sex reassignment surgery is expected to be approved by the hungarian parliament on tuesday. prime minister victor or benz conservative party unveiled the legislation last week. a bipartisan group of congressional leaders in washington, d. c. have held a moment of silence on the steps of the u. s. capital to remember the estimated 600000 lives lost in the us. she. the corona virus pandemic. on monday president joe biden acknowledge the milestone and urged more americans to get vaccinated. we

that word, can they co exist all indeed, in fact, these g 7 leaders are far more united in their views on china. tough love than ever before. in the g 7. we see that on the certainly in italy, mary, a dry g bridge are much more skeptical than is a recent predecessors direct who basically wanted to join china as a belt and road form. and we see the voters in saxony and hold on saying, well, we want to stay with the democratic values. and everybody is saying, well, i'm not sure why way should be given the inside track of our new digital economy, which we're building. and then you get into hong kong, arbitrary detention of citizens, canadians, australians and others. and who knows. ready when i say there's a lot of unanimity that just finally let's talk about the fact, but this is by not to trump. how much difference will american re engagement make 2 outcomes of g 7 meetings a lot. but we have to remember that the summit hosted by g 7 leaders actually did a lot even with trump there. the star, the show angle merkel at the g 20 a hamburg summit. justin shadow at the g 7 summit in shuttle war. but

that word, can they co exist all indeed, in fact, these g 7 leaders are far more united in their views on china. tough love than ever before. in the g 7. we see that on the certainly in italy, mary, a dry d for are much more skeptical than is a recent predecessors direct who basically wanted to join china as a built in road form. and we see the voters in saxony and hold on saying, well, we want to stay with the democratic values. and everybody is saying, well, i'm not sure why way should be given the inside track of our new digital economy, which we're building. and then you get into hong kong, arbitrary detention, of citizens, canadians, australians and others. and who knows, we might say there's a lot of unit entity that just finally, let's talk about the fact. but this is by a not to trump. how much difference will american re engagement make 2 outcomes of g 7 meetings a lot. but we have to remember that the summit posted by g 7 leaders actually did a lot, even with trump there. the still the show, anglo merkel at the g 20, a hamburg summit. justin shadow at the g 7 summit in shuttle war. bu

this time of popular and prolific columnist who is known for his outspoken views on china. this is seen as an extension of a raid and a number of arrests from last thursday. and with 500 police came into the building behind me, arrested a number of executives and editors, and confiscated reporters journals, notebooks and computers. in the 1st of such a move on a media organization, apple daily owned by jimmy lie, he's the media mogul, and a 1000000000 are known for his outspoken views on democracy and as fonts supporter of democracy in hong kong. he is currently in jail facing charges under the national security law of collusion with foreign forces amongst other charges. his assets were frozen by the government and so over the assets of next digital media, which is the parent company of apple daily apples aly had been warning that it was quickly running out of resources to pay it stuff and continue operations hall. meanwhile, the 1st person in hong kong to be charged under beijing's national security law is now on trial tonguing kit is accused of terrorism and inciting sece

china. if you look back four or five years when views of china and the rest of asia and the united states ande were reasonably good, those have just turned sour so quickly. this period when the international -- under president trump and covid and the economic situation could have given xi jinping a chance to solidify global real -- global leadership in some ways. what you have seen instead as the world turning against him. it is a staggering missed opportunity. tom: orville shelf graces your pages this month. he has seen five or six chinas since world war ii. his perspective on the future of president xi's china? daniel: one of the great observers of china and chroniclers of china in the united states. looking back at 100 years of the communist party, china is going to have a big celebration marking its history. it will try to tell a very particular story of what the chinese coming's party is and what its history looks like. when orval looks back at this as somebody who has lived it very directly and chronicled the very powerful the last several decades, he sees a much more complicated story

the other key thing out of this summit, i think, is that views on china. and certainly they're going to rival a belt and road initiative that china's had in place for some 8 years. they say they're going to set up something called the b 3 w building fact better for the world initiative. it's, it's an ambitious plan, but obviously it's playing catch up and there's no idea how they're going to finance this new plan. also in the final communicate, we understand the week is going to be mentioned. hong kong is going to be mentioned so further into agonized and talking to some potentially of china and certainly the italian prime minister behind closed doors. mary draggy as won't be other leaders that they need to be careful about. antagonizing china, he has led his country away from china that they were very, very close to china. previously is what led to move a little bit away. but he still said that they need to be careful because they need to work with china on other issues like climate. and that was our seen the different light again, it's james base. but of

he was a prolific writer, a well known for his outspoken views on china. he's been arrested on charges under the national security law for collusion or foreign forces. now was seen as an extension of a raid on the building behind me by 500 police officers on thursday where they arrested the number of executives and editors. and for the 1st time in the media organization confiscated reporter's notebook computers and other journalistic documents, the police say the investigation is ongoing and it sent chills across the journalist, a community here with staff here saying that there, fearing that they will also be arrested in the following week and girls are hearing of other columnists and other outspoken, well known writers, saying that they will stop their political commentary with one from quite a high profile paper, confirming that to himself and the 1st person in hong kong to be charge under b. james national security law is on trial. the government has denied the defendant a jury, citing concerns over the safety of the jurors. dongle, k, to is accused of

that 55 year old columnist, you mentioned, he was a prolific writer, well known for as outspoken views on china. he's been arrested on charges under the national security law for collusion or foreign forces. now is seen as an extension of a raid on the building behind me by 500 police officers on thursday where they arrested the number of executives and editors. and for the 1st time in the media organization, confiscated reporter's notebook computers and other journalistic documents. the police say the investigation is ongoing and it sent chills across the journalistic community. here with stop here, saying that there fearing that they will also be arrested in the following week. and we're also hearing father columnists and other outspoken, well known writers, saying that they will stop their political commentary with one from quite a high profile paper, confirming that to himself. now apple daily is owned by jimmy lie. he's the media mogul and billionaire very was very outspoken. he is definitely pro democracy and made it very well known and was very critical of the authoritarian powers in chi

china. constanze: i think it is fair to say views on china have changed significantly as they have on russia and in my own country. we have time for one last country -- question. it comes from jeffrey, a former u.s. diplomat and now the president of the institute of contemporary german studies. you highlighted "the development of a new strategic concept." one of the weaknesses of the 2020 strategic -- 2010 strategic concept is they were not able to recognize the threat to european states. president markel is calling for dialogue. i think this question is important because it brings us to the -- back to the divisions on values of representative democracy within the alliance. i want to end on that question. sec. gen. stoltenberg: i cannot tell you today what the language will be and the precise formulations will be in the new strategic concept, which will then start after the summit in a few days time. that will be a process where all allies will be involved. but i sense, and i know that there is very broad support in nato for what we referred to as the dual attractive approach to russia. we a

overseas, of course, the views on china have deteriorated quite significantly.ncreasingly seen as a threat by the u.s., europe, and others. haidi: that resource center was interesting. tell us, tom, how has china been preparing for this milestone? tom: days of pa gentry, as i said, part of the city is locked down, the main thoroughfare through beijing has been all but shutdown. they will have a parade that will have flyovers, they also, by the way, closed down much of the industrial sector, particularly on the outskirts of beijing, in major steel and coal producing hubs to make sure they have clear skies for this important day. pollution is a persistent issue. 128coal mines have been paused in terms of their production, a major city when it comes to steel production output there has been curbed. a number of ports have stopped action today to insure there are no risks, again, to reduce that pollution. so far the skies are looking pretty clear here. haidi: are we expecting any protests in hong kong? tom: hong kong has its own anniversary, the 24th anniversary mark

dani: coming up, we hear from ivan glasenberg who's going to give us his view on china's efforts to cool the markets. ♪ dani: this is "bloomberg daybreak: europe." let's turn to commodities. the head of glencore says beijing's effort to cool the market will not last. ivan glasenberg told bloomberg prices will stay high and supply will not meet demand from the u.s. and china. he spoke at the qatar economic forum. >> you have the big infrastructure spender in china at the moment, the chinese got out of the problems. they started spending on infrastructure and pushing the infrastructure, fiscal spending. then the rise of commodity prices. you had disruptions in certain commodities because of covid and that tightened up supply, that allowed commodities to push up to where they are today. infrastructure -- we see it coming in the united states. the speculation of commodity prices picking up on the back of that will start driving them up. recently the chinese have tried to push it down to bring it back to lower levels. i think that is a short-term game. fundamentals will keep it at this level.

but also, china is going to be a very important topic, and there are more divergent views on china with in the g 7. so generally trying to get the countries on board and have a united present, a united front of western liberal democracies, w correspondence, big mazda and cobb, and bay with a g 7 summit will take place. thank you. big time. not to have a quick look at some of the other stories making headlines. child labor has risen for the 1st time in 20 years. the united nation says 160000000 children around the world. a forced to work more than half a younger than 12. the un is warning that the pandemic could push millions more into labor. major oil pipeline opposed by environmental. it has been cancelled. the keystone ex l pipeline would have carried crude oil from canada to the us president joe biden revoked its firm it on his 1st day in office. now the company behind it scraps is the world's largest mead processing company. j b. s says it paid a ransom of $11000000.00 during a cyber attack. earlier this month. the attack interrupted capital slow train us plants and threatens to dis

in fact these g 7 leaders are far more united in their views on china. tough love than ever before. in the g 7. we see that on the certainly in italy, mary o dry d for are much more skeptical than is a recent predecessor director who basically wanted to join china this a built in road form. and we see the voters in saxony and hold on saying, well, we want to stay with the democratic values. and everybody is saying, well, i'm not sure why way should be given the inside track of our new digital economy, which we're building. and then you get into hong kong, arbitrary detention, of citizens, canadians, australians and others. and who knows? there's a lot of unanimity that just finally, let's talk about the fact that this is by not to trump. how much difference will american re engagement make 2 outcomes of g 7 meetings a lot. but we have to remember that the summit posted by the g 7 leaders actually did a lot, even with trump there. the still the show anglo merkel at the g 20, a hamburg summit. justin trudeau at the g 7 summit in shuttle law. but buying will make a big difference. he's

in germany the bdi, it is taking a very cautious and conservative view about china.lies on china to buy its exports. and the us does so as well. we all have a stake and having good relations with china where it is possible. what i'm suggesting is even in italy and germany, the needle has moved and it will continue to do so. what germany, the needle has moved and it will continue to do so.— will continue to do so. what joe biden specifically _ will continue to do so. what joe biden specifically wanted - will continue to do so. what joe biden specifically wanted out i will continue to do so. what joe biden specifically wanted out ofj will continue to do so. what joe - biden specifically wanted out of the summit was a commitment to the developing countries, something as a counterbalance to china's belt and road initiative. he thinks they have exacted too high of a price out of developing countries. i would suggest to you that this loosely, patchwork of ideas and promises to developing countries, it is not going to cut it, is it, when china is spending billions incontine

that word, can they co exist all indeed, in fact, these g 7 leaders are far more united in their views on china. tough love than ever before. in the g 7. we see that on the certainly in italy, mary o dry g bridge are much more skeptical than is a recent predecessor direct who basically wanted to join. china is a belt and road form. and we see the voters in fact and he holds done the saying, well, we want to stay with the democratic values. and everybody is saying, well, i'm not sure why way should be given the inside track of our new digital economy, which we're building. and then you get into hong kong, arbitrary detention, of citizens, canadians, australians and others. and who knows? there's a lot of unit entity there. just finally, let's talk about the fact, but this is by not to trump. how much difference will american re engagement make 2 outcomes of g 7 meetings a lot. but we have to remember that the summit posted by the g 7 leaders actually did a lot, even with trump there. the still the show angle merkel at the g 20 a hamburg summit. justin trudeau at the g 7 summit in shuttle walk. b

example, russia is going to be discussed by the leaders, but also china is going to be as important topic and there are more divergent views on china with in the g 7. so generally trying to get the countries on board and have a united present the united front of west and liberal democracies w correspond a big monster on campus bay with a g 7 summit will take place. thank you. big to have a look at some of the other stories making headlines around the world. a building collapse in the indian city of mom by and has killed at least 11 people, including 8 children. authorities say more people could be trapped under the rubble . wednesday was the 1st day of monsoon, right. building collapses in moon by are not uncommon during the rainy season. well as large as meat processing company, j. b. s. as its paid a ransom of $11000000.00 during a cyber attack. earlier this month, the attack interrupted capital for trad us plants that threatened to disrupt the food supply chain. it was an earlier cyber attack on the colonial gas pipeline, f. b i. as we covered, most of the ransom paid in that case, child labor has risen for the 1st time

china. we have always taken a long-term view the biggest asset in china is the consumer equity.umer franchise in china, and they feel very connected to our brand. so we're going to continue to invest >> he basically said that in three or four different ways, because he got a lot of questions from analysts about it it has been a weak spot and has been a strong spot the last few years, about you it doesn't seem to matter today. a, he gave reassurance with the consumer, and the fact they're seeing better results, and everything else is working so well, including an enormous shift where they project higher growth rates it was sort of brushed off a bit, but will continue to be a risk if nike is forced to speak up, for instance, on human rights controversies >> in terms of the share price performance, obviously flattering the dow later today sara was saying how it jumped up to the 19th best performer with this one-day move. what is the valuation? >> it's rich clearly people caught a bit flat-footed about the strength of the quarter and the outlook it was the 2025 outlook. >> and every

is now viewing china through a strategic competition lens so i don't know that there will be any easing on those restrictions on the course, this legislation does not touch on trade per se. it's kind of a domestic spending bill in many respects in that it does not take aim at china directly but rather sort of says , you know, we should develop some of these capabilities ourselves. china is at the top of lawmakers minds as they look at this and you can see where focus is on things like semiconductors, chips, but also space programs and other sorts of research and development efforts that would not only kind of bolster u.s. competitiveness today but you know, i think in the minds of lots of lawmakers, 10 to 15 to 20 years from now so they are trying to come up with that next space program type idea of what is going -- what it is going to look like, what will make the u.s. competitive in the future. haidi: dan flatley, our congressional reporter. let's get you to vonnie quinn, who is in new york with your first word headlines. vonnie: japan's number two defense official has laid out the in

china is in focus. wendy benjaminson will join us now, bloomberg's politics editor. wendy, it is such an interesting thing, i bipartisan viewina, and then the president goes to a europe that is not in tight agreement. explain that dynamic for the president as he travels to the united kingdom. wendy: the president leaves today for the g7 summit in cornwall, and then he will go on for lots and lots of meetings that include everyone from queen elizabeth to vladimir putin, so it is a big trip for him. it is his first big foreign trip as president, and as the eu councile president said yesterday or the other day, americans are welcoming back the united states. tom: but is china back? we heard this from dr. bremmer earlier, there's some real nuances here, some nuances in the atlantic china debate. wendy: president biden and the senate have set up an infra-structure to begin to -- and the administration have set up an infrastructure, if you will, to compete with china on scientific innovation, and europe isn't quite ready to compete with china as much, so it is an interesting dynamic. lisa: listening to that plan that was passed y

this distraction and biden is keen they coalesce overseas, not conflict, but coalesce on their view on china. that was not bought into by angela merkel. we can talk about the nuances in a moment. to the market. it is about the fed and the dots could move. >> we will have putin on wednesday, but we will hear with jay powell, the biggest market story this week. 10 year yield treasury, 1.4 6% this morning. a lot baked into this market, is the market prepared if we get any hawkish tilt? i put the pound and there, we will get a statement from prime minister johnson likely to delay the june 21 opening. green on the screen on the futures board, but in asia, a lot of markets closed due to holidays. brent, $73. the story is covid vaccine and demand beginning to pick up. let's get to the latest from those egg geopolitical stories. -- those of big geopolitical stories. first, let's get to brussels. maria, for the latest on the g-7 leaders summit, what are the highlights of the communique, about 25 pages, there were some wins for the u.s. in there. maria: it is funny, we had a communique that was 25 pag

indeed, in fact, these g 7 leaders are far more united in their views on china. tough love than ever before. in the g 7. we see that on the certainly in italy, mary o dry g for are much more skeptical than is a recent predecessor direct who basically wanted to join china as a belt and road form. and we see the voters in saxony and hold on saying, well, we want to stay with the democratic values. and everybody is saying, well, i'm not sure why way should be given the inside track of our new digital economy, which we're building. and then you get into hong kong, arbitrary detention of citizens, canadians, australians and others. and who knows? so when i say there's a lot of unity that just finally, let's talk about the fact that this is by, i'm not to trump. how much difference will american re engagement make 2 outcomes of g 7 meetings a lot. but we have to remember that the summit posted by the g 7 leaders actually did a lot, even with trump there. the still the show, anglo merkel at the g 20, a hamburg summit. justin trudeau at the g 7 summit. the shuttle walk with buying will make