chinese investors a chance to buy into tech industries that have so far listed their stocks on wall street beijing hopes to catapult the country into a leading technological position in the coming years. profits the stock market looks at technology and a company's ability to innovate for. the 1st $25.00 companies to list come from the biology medicine semiconductor sustainable energy and related sectors put a large proportion of their revenue into research and development every company listed on the stock market posted solid gains during trading with demand far outstripping available shares. joining us now from new york home of the nasdaq is our financial correspondent scored to hi and now how is news of china's own version of that is that being received where you are. well i mean the u.s. american markets are not really shivering at this point what china needs is the capital of possible even foreign capital but overall the u.s. capital market is far more advanced than the chinese is and what could possibly go wrong in this new star market if you want to call the name is less restrictive has less

chinese investors a chance to buy into tech industries that have so far listed their stocks on wall street beijing hopes to catapult the country into a leading technological position in the coming years. profits the stock market looks at technology and a company's ability to innovate for the 1st $25.00 companies to list come from the biology medicine to sustainable energy and related sectors put a large proportion of their revenue into research and development every company listed on the stock market posted solid gains during trading with demand far outstripping available shares. joining us now from new york home of the nasdaq is our financial correspondent scored to hi and now how is news of china's own version of that is that being received where you are. well i mean the u.s. american markets are not really shivering at this point what china needs is capital if possible even foreign capital but overall the u.s. capital market is far more advanced than the chinese is and what could possibly go wrong in this new star market if you want to call the name is less restrictive has less regulations at i

that coming after weeks of protests with hundreds of thousands taking to streets in opposition to beijing backed bill "the wallt journal" editorial page writer jillian melchior covered those for us joins us now, is the bill actually dead to hong kong people trust that. >> i don't think they trust it, so what they've been pushing for full withdrawal want this taken off table saying the bill is dead the quick round on twitter was bill is dead coming will rise again i think that is indicative of how little trust they have that the legislature is going to represent them that they are not future o en encroachments by china. >> if even if withdraw it would say redooing it is a is he manhattanic district they can reintroduce. >> they have to go through couple more hurdles i think a huge victory for the hong kong protesters this is a david and goliath story taking on a government that has the legacy of tiananmen not knowing what was going to happen the fact they got hong kong government to back down, knowing that it was backed by beijing is extraordinary. paul: what role has china been playing behind scenes here they

that coming after weeks of protests with hundreds of thousands taking to streets in opposition to beijing backed bill "the wallt journal" editorial page writer jillian melchior covered those for us joins us now, is the bill actually dead to hong kong people trust that. >> i don't think they trust it, so what they've been pushing for full withdrawal want this taken off table saying the bill is dead the quick round on twitter was bill is dead coming will rise again i think that is indicative of how little trust they have that the legislature is going to represent them that they are not future o en encroachments by china. >> if even if withdraw it would say redooing it is a is he manhattanic district they can reintroduce. >> they have to go through couple more hurdles i think a huge victory for the hong kong protesters this is a david and goliath story taking on a government that has the legacy of tiananmen not knowing what was going to happen the fact they got hong kong government to back down, knowing that it was backed by beijing is extraordinary. paul: what role has china been playing behind scenes here they

incidents that have seriously damaged the rule of wall beijing also reaffirming its backing for hong kong's chief executive kerry lam. scenes of street protests like this are becoming more and more frequent after an 8 consecutive weekend of demonstrations in hong kong beijing responded with the rest statement. young don't think you should at the end get the recent developments in hong kong especially the acts of violence by a small number of radical activists have seriously undermined the territories prosperity and stability and challenge the rule of law and public order yet the lives and property of hong kong residents are under threat. beijing adds that the protests violate the principle of one country 2 systems the marches began over a proposed bill that would allow suspects from hong kong to be extradited to mainland china for trial. the bill was shelved but protesters have not backed down their calling for the resignation of hong kong leader kerry and for greater autonomy. the comments from beijing do not appear to have eased the tension. we wish beijing with a shows will try to understand what hong kong people really want what

wall street journal." the business side of things and how beijing realizes it does need hong kong to be strong. >> that's one thing that's different in this. even the business kphaourpbgt american chamber of commerce, saeurious groups, have condemned this proposed extra diggs law. it's the end of hong kong if they can get you. you wake up and you're in a chinese courtroom. even the threat allows corrupt chinese officials to threaten you and say you're going to be charged unless you pay me x. people understand the big threat of this. i think the great strength of the hong kong people is not so much the demonstration. that proves the frustration at the popular level. but i think china realizes this is going to be a word class global power, it needs a world classify nan -- financial city. they don't have the rule of law. they don't have respects for contracts. i think they are afraid of capital flight it's causing. would you invest in hong kong in the future? would you hedge your bets? >> dana: do you think the united states should say or do anything more? we had this statement from john bolton saying it hopes

market as opposed to old nasty is this is this beijing in times of a us trying to trade while trying to to build an anti poach to the almighty wall street i think you can never get away from the truck trade war right now which when u.s. and china i think definitely is meant to be some kind of a counterbalance the chinese version and we've seen a lot of. developments recently we just had the fortune $500.00 for example that will be coming out and out of the showing that the chinese. companies have taken on they're taking on their counterparts now there's $129.00 chinese companies when you include mainland chinese on taiwan and 3 of the top 5 are chinese so it's it's going to be wal-mart is still in there and u.s. isn't going anywhere yet but we're definitely seeing a new sort of counterbalance coming with this new market all right so chinese companies are going strong certainly. but who speak hind it you said that a lot of money was pulled out a lot of chinese investment was pulled out of the united states as soon as trump came into sadly when this trade war started to brew so we're just talking about chinese investors who are the intern

wall street for us thank you very much. and staying with a u.s. china trade war bloomberg is reporting that trade officials from both sides will meet in beijing next week to try and pave the way towards a resolution that u.s. delegation led by trade envoy robert light hisor is to meet chinese officials in shanghai on monday it's the 1st meeting since the leaders of the 2 countries met at the g 20 last month and agreed to a trade war cease fire. indonesia is hoping to save the dragons komodo dragons that is the creatures are arguably one of the biggest tourist draws and then in the indonesian archipelago the country is closing komodo island to the public which is home to the world's largest species of lizard closing the island to tourists aims to avert damage and cut the risk of poaching it will remain closed until stocks of the lizards preferred prey deer buffalo and wild boar have recovered. indonesia's komodo island home to komodo dragon attracts around 200000 visitors annually but the island will be closed to the public for one year from the start of 2025 sorties are confident in the move. this is for conservation to return the komodo dragons h

"the wall street journal" reports the trump administration is working out how to address beijing's demands that the u.s. ease restrictions on the chinese telecommunications giant at the g20. president trump said he would allow american companies to resume sales at aware including what products. according to the journal, beijing is waiting to see what the u.s. does on huawei before making any commitments. the president has threatened tariffs on $300 billion. warned that would hurt the american economy and jobs. >>> senator rand paul voted for the president's tax cut driving up the deficit, but for health care for 9/11 responders the pursestrings are tight. my name is stacy. i'm 52 years old. i live in key largo, florida, and i am a professional make-up artist. i was a pack a day smoker for 33 years. your hands are literally on people's faces right up under their nose. and your face is right in their face. you could see the look in their eye, like they recognize the smell on you and they'd be like... and you just die a little inside because you knew you, you offended someone. you can wash yo

far beyond beijing this year's size of the country's economy now means what happens to china happens to the world. and let's go now to our financial correspondent in new york. yes wall street hasn't really reacted to these numbers so tell us what is driving investors this week. well it's basically for a couple of days now the outlook or 100 percent certainty that the federal reserve will cut interest rates by the end of the month that does feel a bit one dimensional and let's say the fed is going to do to lower the rates at the next meeting on july 31st that is already priced into the markets or some point we need a bit more to get markets going but here at the beginning of the week we said a new record for the dow jones industrial average for the s. and p. $500.00 and also composite. in some folks in one company boeing shares falling today after news reports regarding its 737 max and what he tell us there well i mean wall street in general is just asking itself why would you invest into boeing at this point was all the uncertainty there was a report in the wall street journal that maybe the 737 makes a plane so won't even take off at all within this calendar year we also

major indexes set new highs the phone while beijing and brussels are accused of currency manipulation. and warren on wall streetthe democratic candidate wants to break up banks. why some big names of finance are on her side. major indices now rallying to record highs. the s&p 500 gaining two for a fifth -- gaining for a fifth and secular session. it was a shorter trading day, not to mention that we are headed toward the july 4 holiday. still, we saw the treasury rally continue with the 10-year yield also falling to levels not seen since 2016. we had different yielding sectors like utilities and read gaining ground. let's see how we are setting up for asia. so be: in asia, stop futures are pointing to gains -- sophie: in asia, stock futures are pointing to gains. additional export restrictions to south korea go into effect begins formpaigning japan's election, ahead of which shinzo abe said he does not see the need to raise the sales tax for the next decade. we had sales from australia, trade data from malaysia, and japan releases its we can report on buying of stocks and bonds. : thanks very much, sophie. let's

next guest wrote a wall street journal op-ed touting president trump's defense of american sovereignty against growing threats from beijingeads xi changed my mind about trump, joining me now gordon chang, author of the book the coming collapse of china, okay, gordon, how did president xi change your mind and what is your new position? >> yeah, president trump in assembly speeches dwelled on sovereignty and when i heard them that's ridiculous, the whole notion of sovereignty was settled in 1642 at the treaty, but xi jinping of china for more than a decade has been dropping hints that china is the world's only sovereign state. he's been adopting the notion of china rules all under heaven so we need to have a conversation of sovereignty. i thought it was settled but xi jinping is attacking the very basis of the international system. >> so -- you said that president trump is the only key from blocking china to block china? >> yeah, he's the only global leader who has been talking about sovereignty, everybody else is either just dropped the whole notion or talk about multilateralism, so this is a conversation that we need to h

beijing reported that news todaa amid tensions with the u.s. and on wall street, the dow jones industrial average gained 27 points to close at 27,359. d e nasdaq rose 14 points. and the s&p 500 ad fraction. c in hawaistruction began on a long-disputed telescope project against protests todaywo thd-renowned site on the island's highest peak "mauna kea" is a sacred place ofd worship ayer for hawaii's native community who has disputed construction there multiple times. scientists hope the telescope still to come on the "newshour," how president trump isanning the flames of racial tensions; the climate of fear amongan immi amid calls for increased ice raids; a top executive from chinese telec giant huawei on the controversial company's global reach, and much more. >> woodruff: it is a political fight that could worsen already deep divisions in our country. president trump escalates his nationalist rhetoric while democrats in congress unite around the idea of diversity. yamiche alcindor begr coverage. >> reporter: do you think your tweets were racist, mr. president? >

beijing releases import and export number for the monthf june. and the president of the chicago fed speaks on economic etconditions and my policy. that's what we're watching for friday. >>> wall street less money to farmers. according to reuts, which cites fdic data, agricultura loans a the nation's top banks fell 37% between the peak in 2015 and march of this year. banks nk increased their ex boeposure to the rural midwest in part because farmers had collateral, but theom retreat as farmer's incomes decline. we told you yesterday virginia was s ranked topte for business in cnbc'survey due to the quality of workforce and educational system. yhere are 50 states. that means somebad to come in last. tonight scott cohn takes us to the survey's worst state for business, rhode island. >> reporter: for a little state, rhode island has big problems, but to hear the governor tell it the worst is over. h >> wee stopped the decline. we have stopped the decline, and working together w have ignited a comeback of this great state and our economy. >> reporter: the comeback has yet to show up in the numbers, near the bottom forusiness friendliness, cost of doing business, economy, and still at the

beijing. david: we have bill mcgurn, "wall street journal" editorial board member. you know hong kong well.happen? >> these protesters are people don't like what china is doing. they also see what china is doing in china with the weigers, tibetans, christians, tearing down churches. a the lot of these people were born after 1997, after the handover. a lot of middle class people say we'll send to you school in britain and canada, prepare for your life over there. a lot of these people don't have that option. david: ultimately isn't it just a matter of time before the chinese win out? the protesters have all the fervor, willing to go the distance as we see right now. again these are live shots, ladies and gentlemen. from hong kong. it is 10:00 at night. you're inspired by their dedication to freedom, to the freedom they have grown up with, become accustomed to. they feel that dwindling with china's omni presence but china is -- >> seven million people in this nation of more than a billion. david: by the way, these are pictures actually inside the government building. we have live shots from i

and beijing as investors eye potential rate cut from the fed later this week >>> good morning to you all. let's check in on how european markets are faring, this after more record highs for wall streetay nasdaq and s&p new record highs. over night, asian markets traded softer all of the dwrurpen indexes are trading in the red ftse mib down .2 percentage point. a lot of green in the british index. the uk index, ftse 1030 is up more than 1% this morning. a lot of deal activity there driving some of the gains. we have just eats up more than 24%. lse group up more than 14% now after news that it's looking to buy data analytics firm. that's two of the stocks we have been looking at in the uk broader index. generally speaking we are seeing a bounce for the ftse this morning. it's a big earnings week coming up so far on average, the average beats has been about 1%. so nothing -- not huge beats versus expectations for this earnings season so far. >>> switching to foreign exchange and here we're seeing a bit of pressure on the euro, and we're trading down at around 111.20 still pretty much close to where we were just before that ecb meeting last week when they sounded dovish the market since

wall street modestly higher. the dollar weakens. shery: president trump softens in his china rhetoric as trade talks get on track. we are live in beijingrs discuss where we go from here. let's get straight to the market action with sophie. japan, south korea and australia back online. sophie: in asia, little on the eco-agenda. asian units ipo pricing next thursday is a key thing. it was on the lower end of the range. shares moving higher. the nikkei 225 up by .10%. the yen is stronger for a second day amid strong dollar weakness. around 107. pricing for fed rate cuts unlikely to change, even if u.s. cpi turn out to be better. on the cosby this thursday, we have the index gaining. trade tensions with japan show no signs of letting up. isance minister hong said it hard to see how much impact there will be on gdp bird we got a week reading on imports. ship segments tumbled by 25%. so far today. sounds of the equator. asx 100 is higher here. just about 2% away from a new record high. the aussie and kiwi dollars are holding onto gains. extending gains for a second session. paul: let's check in on the first word news with ritika gupta. >> la