will xi jinping affected by this ongoing trade war. affected by this ongoing trade war. will xi jinping back down? affected by this ongoing trade war. will xijinping back down? well, actually i don't think so. i think that yes, we do see that the chinese economy is slowing. we have seen cooling pmis, industrial output slowing as well, but this is potentially something that could mean that trump overplayed his hand as he looks and focuses on the incoming chinese data, but may be underestimates the fact that this won't mean that saxo capital markets will kowtow to his demands, and underestimates the nationalist stands in china and the ability to wait it out in the long march, as we have heard frequently from chinese state media. eleanor creagh there on the ongoing us— china trade conflict in sydney, with warnings us— china trade war could hit the economy hard in coming years. the chairman of a london based and china focused lender standard chartered told the bbc‘s mariko 0i lender standard chartered told the bbc‘s mariko oi the world can

country, i don't know how we do it but the -- we can't have war and i hope that the president and xi jinping have a real conversation about that. look, xi is worried, he wants to be emperor for life, he wants a third term, he wants economy to be up and they will turn all the dials, all the money dials to help them get there. neil: it won't work like that in free country. we will watch very closely, ambassador, thank you very much. >> thank you. neil: preview of what's going to come up this weekend, obviously the chinese authorities, those that do bidding in hong kong have said that there shall be no public demonstrations, they are watching the crowds but the crowds aren't going away protestor plans throughout the weekend, live on this tomorrow morning 10:00 a.m. eastern on fox news channel following the developments half a world away because big impact here. some are saying uncanny resemblance is very scary and hope it doesn't repeat itself and maybe in this environment where china is economic power house 30 years on the verge of becoming one, what will sort of tame militaristic response, al

for his part resident xi jinping said that for a0 yea rs resident xi jinping said that for a0 years china had both benefited from cooperation and that both countries would lose from co—op —— from opposition. —— confrontation. he said they were both here to set the course for the future relationship, we don't know what exactly will come out of that meeting, they will hold separate press c0 nfe re nces meeting, they will hold separate press conferences afterwards, but you would certainly hoping that they can be some sort of breakthrough, or as they say, a calling of a truce in the trade war. at the same time we had from president trump today that he is calling on north korean leader kimjong he is calling on north korean leader kim jong and to he is calling on north korean leader kimjong and to —— kimjong—un to hold a meeting with him at the demilitarised zone in south korea where he is heading later today, or that place —— meeting could take place tomorrow. this came in a tweet this morning and it came as something of a surprise to everyone here. we will be there and ijust put out a feeler,

and xi-jinping is going to present these terms.take a look. when all was said and done, the dow industrials were down 11 points. in the morning, the market was frayintrading on a fault reportt being 90% there, most people recognized that that was not true. the s&p was down 3 and-a-half points yesterday and the take naynasdaq was up 25. dow and s&p ended near session lows. european indices this morning look like this. fq100 down 33, cac down 19, dax index lower by 3 points. in asia overnight markets rallied on the u.s.-china trade optimism, hang seng index was up almost one and-a-half percent. there is more trouble for boeing this morning. a new software problem has been found in the 737 max. the stock taking a hit in the premarket, down 5%. that's an issue obviously for the dow jones industrial average as well. boeing shares down better than 5% this morning. bitcoin sliding after a big rally recently. the cryptocurrency pulling back following the recent rapid rise. we take a look at what's causing this. barr's bagpipes, the attorne

we are seeing xi jinping writing an between these two men. xijinping writing an op—ed in the main state newspaper in north korea, talking about irreplaceable friendship and historic alliance, sailing in the same boat through wind and rain so this will sound like they are the best of friends but the important background to understand as we watch this visit is how recently these men were not even speaking to each other so for the first five years that xi jinping was in power, he didn't meet kimjong in at all and until recently he was backing the un security council sanctions so this is quite a belated discovery of this now irreplaceable friendship between these two men but they will put that to one side to send this signal to donald trump that they are standing side—by—side, and ourjoint that they are standing side—by—side, and our joint force to that they are standing side—by—side, and ourjoint force to be reckoned with. what do you think both sides get out of this meeting? we know china is north korea's closest security and economic ally but

also: yes, and we have heard from president xi jinping on bullying. lk us through a little more on the mood music and the comments we have heard from president trump and xi ahead of thereby bilat.ahead of their a lot going on all weekend. stephen: absolutely, on different sides of the g20, taking dominant themes away from the overarching g20 and what is going to be their final communique with all these leaders competing. there is climate change pushed plastics pushed by the japanese, but the overarching themes will be the trade war between china and the united states and combing the trump white house and iran. the other thing we got from xi jinping earlier this morning, positioning ahead of the big meeting tomorrow with donald trump, he said any attempt to put one's own interest first and undermine others will not win any popularity. what is happening now, as donald trump is also meeting with the so-called quad, he is trying to reshape the dialogue in the asia-pacific to the indo pacific, which includes australia -- his first meeting with the prime min

and this new era of friendship between china and north korea and indeed president xi jinping before he boarded his aircraft from beijing on thursday spoke about the irreplaceable bond between china and north korea so i think if there is a message coming out. out of this visit it's yes china and north korea have fallen out their relationship is occasionally rocky but right now that relationship is very solid and that is a message i think they want to deliver to president donald trump indeed be interesting to see what they do say later on in the day as well adrian will join you for that as well if your brother in beijing. a group of protesters in hong kong including pro-democracy politicians are demanding to hold direct talks with the city's leader. but you. representatives from several teacher parent and artistic groups say they will wait for lam outside her office until friday that's when many demonstrators are planning to surround the government headquarters again over controversial amendments so the extradition rule . dozens of people have been killed during an attack at a militar

this is deja vu news live from berlin china's president xi jinping arrives in north korea for the 1st time ever the leaders of these 2 countries have met several times before but with ties now strained and north korea's kim jong un will take up the stalled talks on the north's nuclear program also coming up. we speak to the author of a un report on the murder of journalist jamal khashoggi last year she says there is quote credible evidence that saudi arabia's crown prince mohammed bin saw monk was behind. close at the women's world cup in france some acrobatics goalkeeping by japan was not enough to tame england the lyonnesse was put on a dominant display to secure their spot in the last 16. i'm brian thomas thanks so much for joining us chinese president xi jinping has arrived in north korea for his 1st state visit their talks with host kim jong un are set to center on jiang ings nuclear weapons program a summit earlier this year you will call between kim jong un and u.s. president donald trump ended without any agreement and china then backed sanctions on the north so ties are curre

we might get some hints by friday or saturday which way xi jinping will play this.ope will be positive, in theory the us and china both agree north korea should not have nuclear weapons and they should move toward markets opening. if it goes the other way the chances are donald trump and xi jinping will not meet, they won't have the big state dinner for 3 hours on december 1st. >> what you think of the relationship. trade issues and other things escalated beyond the friendship between xi jinping and trump? it may be beyond those two? >> hasn't gone that far. they reneged. we can't accept this in the president is sticking to his guns. it is not going to happen on my watch. we are nowhere near cold war number 2. >> thank you for coming in. an explosion rocked the quiet community in north jersey and the hero emerges. the story of selflessness next. >> shannon: a new jersey home reduced to rubble and engulfed in flames with t >> new jersey home reduced to rubble and engulfed in flames with the owner still inside after a gas leak caused this massive explosion. not to the

most tellingly there is this comment from xi jinping. he china.his comment from xijinping. he is ready to maintain close exchanges with him to maintain close exchanges with him to consolidate mutual political trust. that to me signals that xi jinping once again wants to send a message to washington, dc that perhaps it is china and china's leader that can play an active role in trying to restart talks between the united states and between north korea over its nuclear weapons programme. and all of this, of course, just a week, as luck would have it, before xijinping and donald trump are due to meet on the periphery of the g20 injapan to discuss their ongoing trade war. i'm glad you mentioned the timing, robin, because we have been saying it is the first state visit by a chinese leader to pyongyang in 1a yea rs. chinese leader to pyongyang in 1a years. and ijust wonder whether there is a coincidence that it is happening just before the g20, and if not, why are they choosing to have this state visit now, all times? well, look on it's taking a long tim

merv thanks very much did you see later still ahead here on al-jazeera xi jinping in pyongyang the chinese leader says the world hopes will korea the united states can hold success into. the wrong place wrong time more details emerge about the shooting of a baseball legend david ortiz's. head of the we've seen a lot of heavy downpours over parts of turkey recently we take a look at the satellite picture we can see the area of cloud around us that's what's given us our recent very heavy downpours and they have given us a problem with flooding as well more showers are likely as we head through the day on friday again very heavy and not really moving anywhere as we head through saturday elsewhere it is largely dry now and also lushly quite hot baghdad 42 degrees to ron's at 37 and force in kabul we're at 32 now here in doha it's been horribly windy over the past few days really has been blowing very very strongly that when the winds will begin to friday still a blustery day just not quite as bad and then on saturday those winds should drop out so saturday will be a much more pleasant day stil

what does xi jinping do to satisfy u.s. demands? >> well, i think they're still absorbing the fact that we're not accepting that they get to play by different rules. i mean, you cannot say that we're living in a free trade world when one of the major economic powers is pursuing unabashedly m unabashedly mercantilist policies. you can't say that somehow donald trump is violating principles of free trade when he's trying to deal with an economic power that couldn't care less about free trade. now l the chinese change that? i don't know. but are we going to live with it forever? you know, is the argument, well, my goodness, you can't do this, you can't do that because china holds all this u.s. debt. that sort of formulation, which we've heard for years, is a path to surrender. i just think that's been a mistake, and i think president trump has reversed that. so as you play that out, it's really now for the chinese to say, geez, they found out about us. and now what are we going to do? >> yeah, or the chinese do what they've done, which

chinese president xi jinping is in north korea on his 1st visit to the country he was greeted at the airport by large crowds waving flowers and chanting slogans talks with host kim jong un are set to center on nuclear weapons program after a february summit between kim and us president donald trump failed in vietnam this is the 1st by a chinese president to north korea in 14 years the 1st visit by chinese president to north korea and 14 years and as you can see here we're joined by journalist fabienne crutch mark who has the view from seoul safavian tell us she's been paying more reception there in pyongyang for him how are we to read this is this a sign that this will be fruitful talks between the parties. well they want to send a positive signal that we know the latest that according to chinese state media xi jinping wants to push north korea to get back to the negotiating table with the u.s. about denuclearization those talks are it is the only right now and he wants to basically inject those talks and keep them going again but not of the summit this also about the historic ties t

shinzo abe decided to meet with xi jinping first for a bilateral meeting. page in the local media here. in the china daily, they talk about this new era of ties between japan and china. it's interesting to see these two nations that were just divided by historical issues for decades have a more cozier relationship now. relations, of perhaps you can blame it on the trade war to put these two nations together. but it's japan dealing with a tough decision now to take this balance of relying on china as one of their largest export markets, as well as leaning towards the u.s. and their strategic highlight. athaad: let's take a look the market implications and what's going on the mliv log. we have commentary from some of the editors, suggesting dollar-yen downside momentum likely revved up if there's a benign g20 outcome, which most people do expect. the focus does shift to federal cuts.e rate we have a breakdown in talks between the u.s. and china, the current position, that would drive up risk aversion. if there is another dip below thefor the yen, it could be

and trump see china and xi jinping as an equal going into these negotiations? stephen: does he see him as an equal? i think he sees china as a rising power, that it is important that we deal with them. t xi's visit to north korea, 14 years between visits, that was a clear signal to president trump that we need china's cooperation to deal with this signature issue in american foreign policy. the denuclearization of the korean peninsula. it is critical. this was a clary beal -- very clear warning to do with us to get and fairly resolution on the korean peninsula. does he see them as an equal? i can't answer that. there are people in the administration that have a very president xi of and the rest of the communist party that are ruling china. we had a statement from the head of the policy planning and the state department that this is the first time america had strategic competition with a non-caucasian strategic power. wrong and incredibly misguided view. does president trump sure that you caution mark i don't know -- that view? i don't know, i can't tell you. >>

we want to preview the meeting with xi-jinping for sure.as well, meeting with the prime minister of japan and of course vladimir putin as well of russia. >> absolutely. i think it's going well. i believe this president is going to continue to do what he's been doing since he was in office and that is standing up for america against a few of the bullies a around the world who have been taking advantage of us and i'm looking forward to hearing how this meeting with president xi is going to go today and i just -- i can't say how much i appreciate, anymore, that i appreciate this president and what he's doing with trade, on the border, pushing back. maria: look what xi-jinping came to the table with. he came with a list of terms. he wants the ban on huawei lifted. he wants any punitive tariffs lifted. he does not want to be bullied into buying too much stuff from the united states. sounds like we're back to square one. i mean, can the president do a deal without the chinese committing to stopping the theft of ip? >> you know, i think the presid

chinese president xi jinping says he hopes his north korean counterpart will keep talking to the u.s. she made the remarks during talks with kim jong un in pyongyang he went on to say he wants china to play a constructive role in the denuclearization of the korean peninsula she is due to meet u.s. president to discuss c.s. crazing trade war between the u.s. and china in the coming days china correspondent adrian brown has the latest from beijing. well this is a visit that's been a long time coming no chinese head of state has been in north korea since 2005 and of course the timing of this visit is significant because in just days from now president xi jinping is due to sit down and have face to face talks with the u.s. president donald trump so it's possible the president xi jinping wants to be seen to be playing a constructive role to try to revive the dialogue to persuade kim to give up his nuclear weapons and while kim refuses to do that of course the sanctions that china is in forcing against north korea on behalf of the united nations are likely to remain in force kim wants so sa

investors are sitting on pins and needles as president trump's meeting with chinese president xi jinping at the g20 in osaka, japan is just hours away. this afternoon tokyo time, the president rubbed shoulders as you see on the screen with world leaders from saudi crown prince mohammad bin salman to shinzo abe. this is the same family photo, as they call it. the president has completed meetings already with russia's vladimir putin, the japanese prime minister, and india's modi but it is the one-on-one with china's xi jinping that has the potential to be the most market-moving event. so it will be very critical for wall street, the u.s. economy and the rest of the world. bank of america merrill lynch analyst says if a deal is struck, the s&p could sail over the 3100 mark but if president trump doesn't like the tone of talks and perhaps slaps new tariffs on more chinese goods and materials, the broader index could drop 5%. that would equal roughly 150 points from where we are right now. >>> and there is late-breaking news from osaka. a trade deal could be on the verge of being struck, but

china's president xi jinping arrives in north korea and is greeted by cheering crowds which ties down strains between the 2 nations she adored korea's kim jong un will take up the stalled talks on the doorstep deeply resent that. add to the woman's world cup in france scotland on their way home after a rash and bird against argentina has got to look certain to win until their opponents mounted a rolex and controversial comeback. i'm sorry kelly welcome to the program we begin in brussels where a huge leaders are meeting at this moment to discuss who should fill the blocks top job that's following last month's european parliamentary elections the most prestigious position up for grabs is the european. commission president a post currently has held by john crow dunker there's still no consensus on who should replace younger and the issue has created friction between the 2 leading nations france and germany. well let's take a look now at the top 3 candidates german chancellor angela merkel is back in conservative man for very of the center right european peoples party but it's unclear if

will the president's meeting with china's xi-jinping produce a deal?already p given us a hint. we'll get into that. parents beware, we'll tell you about the lat latest recall thad put your kids in danger. you're waifing "fbn -- you're watching "fbn: a.m." ♪ take one step at a a time. ♪ there's no need to rush. ♪ it's like learning to fly. ♪ or falling in love. ♪ it's going to happen who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. ashley: president trump meeting with russian president vladimir putin at the g-20 summit today. it's their first meeting since a federal investigation determined russia made extensive efforts to meddle in the 2016 u.s. presidential election. putin denied the charge. the president addressed it today with reporters. >> mr. president, will you -- [ indiscernibl

xi jinping basically wants something similar.a 70th anniversary of the founding of the people's republic and they will have a massive display envisioning and they don't want any of that of director. in the short term will sutures but in the long term these two countries are not mnes. that will not change. >> what about the sideshow, it seems like other countries seem to benefit a lot if we don't resolve it with china. under russian stocks have gone up a lot because probably they're going to export more agriculture that were not exporting to china. our people looking for other beneficiaries, what is the side effects of her perpetual tier four which china. >> i think a lot of countries are trained to go to china and negotiate better deals because they know the chinese are still an expert economy. the problem for xi jinping, china exports over $500 billion of goods to the united states. we are buying more chinese goods than anybody. there is no way that the chinese and the long-term can replace our market. xi jinping knows that and

this coming after the president threatened more tariffs against china if president xi jinping does not meet him at the g20. that summitare on in japan. xi president plans to meet jinping, but threatening more tariffs if he does not meet him there. during a press conference, he said there was no deadline china , butturn to the talks again, expressing some optimism that a deal would be reached. that het trump has said will meet g jinping -- president xi jinping at the summit. be a process for talks to restart after they broke down last month. talkedresident trump about his agreement with mexico and warned about what would happen if it did not work out. that same press conference, he warned that mexico faced a tougher biggest if they could not stem the flow of great to the u.s. southern border. he threatened tariffs on mexican exports to the u.s., if they did not cut the flow of migrants. a deal was reached to avert those tariffs. mexico's -- mexico has 40 days to cut the flow. president trump said he is coming from a position of strength in this morning to mexico. it is unclear if they c

the headlines: north korea prepares for the visit of xi jinping, the first by a chinese leader to pyongyang for m years. the leader of a cult in the united states who treated women as sex slaves is found guilty of all charges against him. i'm kasia madera in london. also in the programme. the philippines declares war on the online sexual abuse of children, many of whom fall victim to members of their own family. america ratchets up the pressure over attacks on oil tankers — showing what it says is evidence of iran's involvement. it may have been designed to damage rather than sink. either way, it has sparked a huge international tension. live from our studios in singapore and london, this is bbc world news. it's newsday. good morning. it's 8 am in singapore. 1am in london, and 9 in the morning in pyongyang, where north korea awaits a visit from the chinese president xi jinping. it's his first visit since he took power — and the first time a chinese leader has visited north korea for m yea rs. it's an important moment for kim jong—un, who's facing growing pressure from the us after his summi

we'll bring you the latest from a sizzling southern france also coming up tonight chinese president xi jinping prepares to meet his u.s. counterpart for make or break trade talks at the g. 20 summit in japan trump is threatening more tariffs on chinese goods if the 2 countries fail to reach a deal and a rescue ship laden with african migrants defies italy's orders to leave its waters country's interior minister calls the captain and who faces arrest and expulsion she tells him i have no time for you. i'm bored gov is good to have you with us it has never been this hot before in france today parts of france experienced their highest temperatures on record the mercury reaching in one place a whopping 45.9 degrees celsius an early summer heat wave has been scorching countries across southern and central europe the un's weather bureau says this is consistent with patterns expected as a result of climate change in france it has been taking extra precautions after thousands died in a similar heat wave more than a decade ago. a tale of 2 heat waves this was paris on friday temperatures in the mid thi

xi jinping has become president for life in china.ow big is the pressure on him now we continue to have these tensions with the u.s. and see economy numbers underperformed? we got factory data not looking great. is the data it not looking great in q1 by all accounts but abnormality -- i think the chinese economy is going to worsen throughout the year, and action on the fiscal and monetary side that might occur will probably be limited and, little too late to have a balancing affect. if you list tariffs somewhere, i expect the chinese economy will really deteriorate. that said i am not convinced it puts pressure on president xi for the reason we discussed, which is there is consumption -- concession in china that china would rather react. global advisors in washington, thank you. we will have more ahead on the hong kong protests and before that we will speak to guests across the day with a range of views on the extradition bill. let's get to first word news with su keenan. su: we start with the trump administration which is playing dow

with xi jinping set to visit russia later today to meet with putin.e fastest growing economy in russia mainly due to vast amount of investment in the region. the la times reports that tesla has made a vast sum of money by selling their so—called "right to pollute" credits to other car makers. the daily telegraph says that in a world—first, france will ban supermarkets and producers from destroying clothes and electronics. instead they have to give them away. and in the new york times is a report that shows how the progressive paternity leave allowances in sweden are having a positive impact on the mental health of new mothers. david buikl is back as promised. let's get going. i thought this was really interesting. to look at what the us media is saying about president trump's visit to the uk, and the washington post in particular looking at this debate about whether the nhs is going to be about whether the nhs is going to be a part of a new trade deal or

china's president is on his 2nd and final day of a state visit to pyongyang xi jinping was greeted in the north korean capital with a lavish welcome as he met kim jong un state media say the 2 leaders have agreed to strengthen ties has a time of complicated international affairs she's visit as the 1st fired chinese president in more than a decade while our china correspondent adrian brown now joins us live from beijing adrian from the beginning we've had so few details about this visit talk us through what we've seen so far. well if you want to know what a cult of personality looks like the stars that is what is playing out on the streets of pyongyang for the past 24 hours state t.v. has been showing pictures of north koreans swooning over president xi jinping and really what we're seeing right now is a sort of ideological rededicating of the vows between china and north korea they haven't always enjoyed good relations 2 years ago kim and she fell out over north korea's missile and nuclear program but all that's been forgotten now as the north koreans lay on this sort of elaborate pag

she was also at that table with president trump and xi jinping. shortly. we have all the indications now these officials are sitting down, that the president will be coming out and talking to us in a few moments. in terms of exactly what went on in that room with xi jinping after all the reporters were escorted out as you saw earlier in your coverage. >> as we seem to be minutes away from the start of this, i want to ask you when was the last time that president trump held a formal news conference like we're about to see? >> you know, natalie, he has these brief exchanges with us from the white house from time to time. he briefs in the oval office, takes questions and so on. we have the makings for a press conference we haven't seen since the end of the hanoi summit. i'm just putting a rough guesstimate here, but it felt like dunz of questions because it went on that long. took a number of questions from u.s. reporters, from foreign reporters. i remember because i was in the room that day, he was sort of randomly selecting foreign reporters who i

trump on the world stage at the g. 20 summit his all important meeting with the president xi jinping amid an ongoing trade war with china a humanitarian crisis along the u.s. southern border there's so much to talk about with my next guest he is joel rubin former member of the obama state department and currently president of washington strategy group he joins me from washington d.c. joel thanks for being here thanks matthew it's great to be with you so this is donald trump's 3rd g. 20 summit if you can believe it to see enter this one stronger or weaker than his previous 2. while he is coming in with a lot of wind in his sails from his own positioning but the world is requiring in many of his ideas so it's a very different kind of g 20 and the 1st one where he seemed to be gathering his language where he was at odds with his team where he was criticized at home for what he was saying in terms of america's role in the world at this one it's very clear donald trump has an idea of how he wants america to engage it's controversial for sure but it is going to be one where he puts his sta

xi jinping energy andks and health care weighing on the index. the nasdaq is down .3% while the dow was unchanged. let's see how beer shaping up the asian markets. up in theare shaping asian markets. gold is pushing further and began is holding steady. we are seeing kiwi stocks halting eight a today rise. two day rise. governor --be ok bok government -- governor meeting. thank you very much. let's get to first word news. >> another factory gauge beginning this month. the dallas fed meeting felt a three-year love. it is the fourth straight monthly decline and the outlook also indicates further deterioration in the economy. to steel tariff has failed secure a hearing. the president used it to justify tariffs. 25% steel tariff in march of last year. the u.k. opposition leader has indicated he is warming up to the idea of a second referendum on brexit. he said that once dan made the choice, they should have the confidence to put brexit to a second vote. huawei are calling on the canadian justice minister to intervene and stop the extradition request.

what does xi jinping do to satisfy the u.s. demands? sec. bolton: i think there is -- they are still absorbing the fact that we are not accepting that they get to play by different rules. you cannot say that we are living in a free-trade world when one of the major economic powers is pursuing unabashedly mercantilist policies. inside the structure that should be a free-trade organization. you cannot say that somehow, donald trump is violating principles of free trade when he is trying to deal with an economic power that couldn't care less about free-trade. now, will the chinese change that? i don't know. but are we going to live with it forever? is the argument, my goodness, you can't do this, you can do that, because china holds all this u.s. debt. that sort of formulation which we have heard for years is a path to surrender. i just think that has been a mistake and i think president trump has reversed that. so, as you play that out, it is really now for the chinese to say, they found out about us. and now, what are we gonna do? host: or, t

news live from berlin talked instead of tariffs ethen g. 20 summit chinese president xi jinping and his u.s. counterpart donald trump agree on a truce in their country's trade war we'll have the latest from the summit in osaka japan. also coming up and telling authorities arrest the skipper of a ship carrying migrants rescued in the mediterranean sea captain karole all right had to have defined in order to stay away from italian fords. and the united states are on track to do their soccer world cup crown after a vegan for a piano doubled software was friends in the quarter finals. i marry and i haven't seen it it's good to have you with us. u.s. president donald trump has hailed an agreement to restart trade talks between his country and china the 2 countries in the early year long trade dispute has disrupted the global economy trump made the announcement as the g 20 summit was drawing to a close gathering in osaka also saw the unveiling of another big agreement on trade . the leaders of the world's 2 largest economies trump and she the u.s. and china together those 2 countries represen

all eyes on the g 20 japan as the president met with xi jinping and the highly anticipated evening on trade. this week the treasury secretary steven mnuchin says he does see a path to complete a deal, however, the president said he has a plan b and is the same as plan a, mark harris. watch. >> we had a deal. and it was a deal that really was close to being done. >> steve mnuchin said you were 90 percent there. are you 90 percent there now? or will you 90 percent before they reneged? >> look, they know what we have to have. if we do not have intellectual property theft protections, if we do not have the opening of china, china is not open. we are open but china is not open. if we do not have the opening of china, if we do not have the things we negotiated and maybe even more than that. look, right now we are getting 25 percent on $250 billion worth of goods. nobody ever heard of such a thing. massive amounts of money. and don't play, do not let anyone tell you that we are paying. we are not paying, china is paying for it. china has devalued their currency in order to pay for it. they d

news live from berlin and talk instead of tariffs at the g. 20 summit chinese president xi jinping and his u.s. counterpart donald trump agree on a truce and their country's trade war will have the latest from the summit in osaka japan also coming out. and telling authorities or is the skipper of a humanitarian ship carrying migrants rescued in the mediterranean sea captain caliber good to have defined in order to stay away from italian courts. and the united states are on track to defend their world cup crown after a making work pay no double sawn off post france in the quarter final cut. american evanston it's good to have you with us. u.s. president donald trump has hailed an agreement to restart trade talks between his country and china the 2 countries nearly a year long trade dispute has disrupted the global economy trump announced the agreement after meeting chinese president xi jinping at the g. 20 summit in osaka we had a very good meeting with president here china takes us. to actually. we discuss a lot of things and we're right back on track. see what happens but we have a re

xi jinping and mr. trump. what is behind that optimism?izumi: the business community of the world is very much escalation ofis trade war's and even the u.s. business community, when there was a public hearing in washington dc, more than half of the members who have been invited to this hearing, they express their concerns about this trade war. half of northern american enterprise firms, asia, theyn east also expressed their concerns. says ihen donald trump will go with plan b because the u.s. economy is going well, i seem to be getting support i need for reelection. we will slap on these additional tariffs. they might not be 25%, they might be 10%, but we will go into round four or whatever it is. will be the impact on the global economy and japan? yorizumi: japan is preoccupied with development because the aree escalation of tariffs adversity affecting the existing value chain or production network. it is devastating to the existing value chain. japanese companies are very actively involved. appeasement be some taking place in the bilater

president xi jinping has spent part of this month in the company of leaders keen to toast friendship with him among them russia's president vladimir putin who feted she with a surprise birthday party when he turned 66 last week and she can be assured of another warm reception in north korea he's been once before in 2008 when he was a vice president but this will be the 1st visit by a chinese head of state in 14 years and it will provide one important message says this analyst i personally don't think the united states or president trump can achieve any meaningful thing involving the denuclearization issue on the korean peninsula we doubt. major contribution by china. as china's relations with the united states worsen juta their continuing trade war she's forging new alliances with other leaders who've fallen out with the u.s. president she has met the north korean leader kim jong un 4 times in the past 15 months the last occasion in january shortly before kim's summit in hanoi with donald trump where they failed to agree on a nuclear disarmament deal a few weeks later trade talks bet

this is after donald trump described telephone talks with chinese premier xi jinping is very good andthe dowjones, the dow jones, that the dowjones, that is a closing figure from last night. let's move on to the european stocks, they have opened, we expected them to open higher but they are slightly lower. banks, mining stocks and auto—makers making gains. defensive stocks like consumer staples and utilities are in the red. the london market is treading water, basically pretty flat. joining us is kathleen brooks, founder and director of minerva analysis. how are you? very good, thank you. are you keeping calm amidst all of this mayhem? are you keeping calm amidst all of this mayhem ? definitely are you keeping calm amidst all of this mayhem? definitely keeping busy! give us your take on the central bank action, we have discussed the fed but we had marie are dragging yesterday discussing that the fact —— we had draghi saying the european central bank may cut rates and trump was wading in. these are independent sovereign central banks and you have the leader of the free world saying he

remain president xi jinping visit to north korea and chinese people are being left in no doubt that he's being feted by the people of north korea around 30 people including several children have been killed in a fire at a matchstick factory in indonesia fire broke out in a private home which operates as a factory in the north sumatra town and enjoy i like mrs reported hearing an explosion that police say the cause is not yet confirmed fires of this type are common in internees here 2 years ago at least 46 people were killed and dozens more injured at a file extraction near the capital jakarta. at least 7 people are dead and more than 20 of being treated in hospital after a bomb blast at a sham mosque in the iraqi capital police say a suicide belt improvised explosive device was used in the attack which happened in the east of baghdad many of the injured are in a serious condition there was no immediate claim of responsibility. the head of the world food program is appealed to yemen's who see rebels to allow the delivery of more aid the agency has partially suspended its operations in yem

xi jinping this weekend.ets xi jinping this weekend. francine lacqua in london. let's check the movers in the market. >> one of the biggest gains this morning on the stoxx 600 after a report of a bid for their elevator unit. upside.he they are shipping some products to china. this is very positive for the chip space which has been under pressure give me trade war continuing in washington and beijing. to the downside, a high-level, the government is talking about concessions, they have a cabinet meeting last night at the transport minister going in said he would propose revoking their toll concessions. francine: thank you. let's get to the bloomberg first word news. downside risks have reinforced the case for lower interest rates according to federal reserve chairman jerome powell. this has market consensus is building the fomc will cut rates in the coming months. we asked james bullard about the size of a potential reduction. >> today, 50 basis points will be overdone, i do not think the situation calls for t

that may not be a surprise given the president and china's president xi jinping had a phone call.ter on trade and they will meet at the g20 according to both men. talking ini was china, as well as mario draghi saying, having a major impact on the markets, and the latest from mario draghi's he is responding to president from, saying the ecb doesn't target the exchange rate because president trump tweeted earlier about the exchange rate. guy: absolutely. inflation and that is where the concern seems to lie. trading higher and the dax is having a very good day in germany. this is bloomberg. ♪ >> this is the european close. let's talk about the markets. a huge day for global markets. it is the basic resources that are driving it higher. sector, you have less cyclical sectors. utilities, health care. banks are bringing up the rear. mario draghi moved the euro. donald trump responding to that. we have a response from mario draghi. haveonger currency would caused the ecb a lot of concern. a massive move in the 10 year.

pressure in china reached an unprecedented level of friendship xi jinping delivered those words shortly after talks in moscow with. dozens of different agreements were also signed following that meeting as the story. well it has been overall a very warm meeting the sides have exchanged pleasantries well left and right i should say the russian leader vladimir putin calling this visit the events of the year when it comes to the relations between moscow and beijing and. reminiscing kind of reminiscing to the long history of very warm and friendly personal relations that ease had with delegations seize the opportunity to tap into international crises like the situation in iran and venezuela in. syria and so on and so forth the russian leader vladimir putin in the closing media conferences summed up what they agreed on. exposure in china have common views on the situation in the korean peninsula and follow the joint road map lucian of the situation the noting that there is no alternative to diplomacy for solving existing problems we'll continue to work with china for the escalation of tensio

have been hearing there from by the chinese president xi jinping and u.s. president donald trump xi jinping was talking about how china and the us both benefit from cooperation and there is in a confrontation and president obama trying to saying that they're hoping to get closer to some kind of a trade deal he sounds optimistic. let's bring in our definitely get a james bay as he joins us now live from a saka a you any as optimistic as president trump is about a trade deal this morning james. certainly the president is somewhat upbeat talking about a deal that could be historic and momentous and certainly we've seen this in the last few hours the american side and more upbeat than they were on friday here and that's because we understand that there have been negotiations going on until quite late at night here between the 2 sides trying to work out where they can bridge their differences yes you have the president talking about something historic and momentous but already the world's economists in the world stock markets are worried this meeting in terms of