president trump calling his meeting with china's president president xi-jinping and north korean leader kim jong un amazing. has the president redefined the art of the deal. cheryl: oil prices heading higher this morning on news that russia and opec could extend supply cuts into 2020. opec gearing up for a two day meeting that starts today. oil is up almost 3%. lauren: the pressure building on joe biden. his critics, are they writing his obituary too early. cheryl: get ready for holiday traffic fun. we'll tell you the places you should avoid this 4th of july. it is monday, it's july 1st. "fbn: a.m." starts right now. ♪ i'm so gad so glad we made it. ♪ so glad we made it. ♪ you've got to give me some loving. ♪ give me, give me some loving. cheryl: welcome to "fbn: a.m.." good morning. i'm cheryl casone. lauren: good morning. happy monday. i'm lauren simonetti. cheryl: let's take a look at how your money is moving this morning. we've got green across the board on hopes of a u.s.-china trade deal, at least restart of talks. s&p is up 31 and three quarters and nasdaq up 129. lauren: the yie

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

xi jinping is president for life, trump is not.on't think it is easy to get these two leaders together in a way that is sustainable. you can get a short-term deal, a small deal, but you did fix the ballistic missiles you did not fix the ballistic missiles. if we get a deal, there will be things you are not going to fix. hong kong, taiwan, 5g, you name it. >> there is the concern that xi jinping has brought huawei front and center. meanwhile, we got that report out of the washington coast -- the washington post saying that huawei helped north korea build out their 3g network. ian: that's not 5g. before.two generations that means kim jong-un is playing missile command. caroline: 3g is still available in a lot of u.s. and u.k. >> nevertheless, the idea of providing technology to a nation that is an enemy state of the united states. ian: let's stipulate that is bad. lisa: how do we go forward with that if that is still at the center of any trade negotiation? ian: i think trump could personally say, ok, we will treat lightly the daughte

absolutely and we did see some protests from when range president xi jinping came and i was in hong kong actually when he was there and when he was there a few years ago praying to the streets and there were protests still then but president xi jinping has it's quite different as a leader he's really tightened his control over mainland china and certainly they've been various references comparing him to an emperor comparing him to to mao to dong because of the way he he rules not really he is with the face and really he wants to bring the country closer together and for him you know hong kong yes it is a place that is ruled by relative autonomy but it is still mainly. and china he would like to see hong kong and has always wanted to see hong kong come closer to mainland china not only in its government but but in other ways culturally as well since he's come into power they've been other things that have changed in the encourage men to move schools using mandarin for example more sort of a patriotic education as well so that the younger people in hong kong grew up with stronger ties to t

these are carrots to get -- to get xi jinping can back to the trade talks.i a lot of action on -- liz: a lot of action on the new york stock exchange. gerri willis is there with more. >> an old-fashioned summertime rally. the dow up 117 points at the close. the nasdaq up 85. the dow reached an intraday record high and couldn't move on largely because of boeing. dragging down the dow after a report the department of justice is investigating the dreamliner 787 production of that plane in south carolina. there were reports of shoddy work majship. that -- workmanship. the investigation is ongoing. the s & p hit a record. the casino stock doing better on reports that the largest game hub in chinese territory had bert than expected revenues in the month of june. it was better and all of the gaming stocks doing better this afternoon. liz: president trump getting meaningful things done. a deal with china now in sight. concessions from nato, a modified nafta, and china's president xi saying 40 years on, enormous change has taken place. one basic fact remains unchange

chinese president xi jinping agreed to resume trade talks. tariffs put on hold as china agreed to buy more agricultural products in exchange for taking smartphone maker huawei off the u.s. blacklist when it comes to u.s. companies selling to huawei. but we're told that huawei was a national security threat over and over again over the last few months. which is it? former deputy trade representative is here exclusively to explain how huawei could go from enemy number one to just another chip in the trade war and it went so overnight. >>> july 4th fireworks turning out to be a dud for the dow. we do have good news. the good news is the s&p 500 right now is on track for its 95th all-time record high close since election day. if you just look at the dow which is up 42 points, it was within 28 points of hitting dow 27,000. that was before noon. nearly all of those 290 points in gains have shrivelled away. >>> plus are american farmers the big weekend winners? which farmers? very unspecific right now. we will pick some of the winners here. >>> iran

president trump and chinese president xi jinping agreed to table new tariffs and continue negotiations. he told tucker carlson he's optimistic about a deal with china. >> you just recently, hours ago, met with the chinese president xi jinping. >> i did. >> are you closer, do you think, after that meeting with a trade deal. >> we had a very good deal. probably the largest deal ever made of any kind, not any trade. we got along very well. we understand each other. >> white house chief economic advisor larry cud low said there's no guarantee that a deal will happen. >> as the president said, continuing the talks which had been interrupted for a while, is a very big deal. no promises. there's no deal made. there's no timetable, i want to emphasize that. >> investors like the news of a temporary truce. wall street futures are positive ahead of the opening bell. something to remember here, existing tariffs on chinese goods are still in place and will continue to hit businesses here. futures are also higher after trump said he would lift some restrictions on chinese tech giant huawei ending a

the past when he's previously incarcerated and those requests were denied and you talked about xi jinping earlier how much tougher tougher has the climate been for activists like him. it's deteriorated significantly i think there's a brief window in which you know it seemed possible and this is actually want to use our own early prediction because she's government you know claiming to be concerned about transparency and anti-corruption that many there would be some more room for activists but you know that that idea that right now the government's part just held absolutely no water whatsoever so if you richardson thank you thanks according to the world health organization malaysia is the fattest country in asia almost half of its population is overweight it has the 2nd highest child obesity rate in southeast asia and the numbers continue to rise the government has a national plan to tackle the crisis but a healthy lifestyle starts of course with the individual dave going to bomb has more. 6 started out as you 6 at this fitness clinic dozens of malaysians are put through the paces branch r

at the 620 chinese president xi jinping at the g20 meeting injune, injapan. 0nly one month before thattiations had collapsed in acrimony. but donald trump is flexing his muscles again. on friday, he fired a twitter threat at china's developing nation status at the world trade 0rganisation. he is unhappy the world's which is developing nations can geta world's which is developing nations can get a better trading deal than american firms at the wto, and he warned he would ignore apple's pulley to be exempt from tariffs and components the tech giants imports from china. —— plea. the trade row has pushed consumer prices up and damaged business confidence. farmers hit by tit—for—tat tariffs from china were last week offered a $16 billion aid package. mrtrump china were last week offered a $16 billion aid package. mr trump has set a more hostile tone for talks as investors and companies around the world a re investors and companies around the world are braced for the trade war that began more than a year ago to rumble on. abbas ameli—renani is the emerging markets portfolio manager at amundi

that is a sign that xi jinping has taken absolute control.ld mention xi jinping's , becaused successor they are supposed to have designated successors, but xi haveng has not -- does not one. hisiu he and xi jinping, boss, and everyone else is putting much invisible. host: out of cape coral, go ahead. caller: i am wondering, can china ride this out until after the elections? --o not see where there is it just seems like a back and forth to make lyrical points. that is the first point. the second one is about the earlier show. happened to the inscription on the statue of liberty, with all of this immigration stuff? that is all i have. host: we will stick to the trade question with derek scissors. asst: china can ride it out it is now. the united states could take more decisive action against china, not just tariffs but punishing chinese firms for stealing technology, for corrupt practices overseas, for receiving heavy subsidies to block competition. we have a lot of options if we want to take them. i'm not advocating all of them. that is not a

maria: how significant a role do you think president xi jinping played in this?e met with xi jinping at the g 20 on the side lines, do you believe the conversation came up towards north korea, and this s -- is this one of the reasons that the president was encouraged to go to dmz? >> only history will tell us in the end that that took place, but i believe it probably did because china does not want to have north korea collapse because what will happen all the north koreans will try to be moving in across that border. they don't want to have a destabilization over there as well. and they know for what president trump has been trying to achieve. he's been utilizing china at the same time trying to get to north korea as well. he's put america in a stronger position in negotiations with china, where many people criticized him for putting the tariffs on, saying we couldn't sustain ourselves. this is where other presidents did not go, china had more to lose. if china maintains the position, the supply chain will leave china, go to vietnam and other places and will not

behind the scenes, xi jinping had helped to facilitate the meeting between trump and kim jong-un in northxi named the trip to pyongyang, the first time there as president. north korea was on the agenda for the phone call between him and trump that came right after. they have created some linkage, which is useful for them. while they have not increased tariffs, they have not taken off any either. there is the cease-fire, but the trade war, the to the extent that one was on, is still there. that technology war is still on. the markets should not be coming saying, now we see how a deal actually gets cut. i don't think we are there. you took us to theto due military zone between trump and kim jong-un. what does trump see their? tactical opportunities, more for himself and for the united states. when those things coincide, so much the better. korea, hee of north has been willing to meet, to provide the symbolism and legitimacy for kim jong-un and his police state regime, that no other president in history would have done. that has led to some movement. we do now have an informal freeze for fre

xi jinping, -- and i would like to know why he did it this time, and why -- ms. conway: where do you work again? we are all confused about that. --t called "access "breakfast news? " -- [indiscernible] ms. conway: you have asked me that before. i am not backing down. reporter: what are we seeing in terms of dust ms. conway: we were talking about for several weeks ago when the president that it in the rose garden. an update onus what is happening in congress based on his meeting there. i will give you a quick refresher or you can pull up my 20 minute interview with rush limbaugh ragtop exclusively about the plan. it had to the components. one is a merit-based system and the other is border security. we are happy that democrats, after blocking funding 17 times, most of them have put aside their manufactured outrage and agreed with the president and voted in favor of the $4.6 billion aid package. that included permanent senior democrats like chuck schumer of new york and pat leahy of vermont. they were there supporting the package. i know some people think they jamm

i thought it was settled but xi jinping is attacking the very basis of the international system. >> so 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 have because obviously the piece and the prosperity since world war ii is based on the notion of sovereign states that compete and cooperate in a global framework, xi jinping is undermining that, he's not trying to compete with us in this international system, he's trying to overthrow it and we've got to defend it. arthel: so then is anyone expecting a breakthrough in shanghai this week with all of that as the background? >> yeah, people expect, you know, the most that we can do is come to interim agreement where the united states gives reprieves to hauwei technologies, the equipment manufacturer that we allow u.s. manufacturers to deal with it and on the other hand chinese would buy more u.s. agricultural products, that's a p

. >> you recently, hours ago met with xi jinping, are you close to trade deal?i think we had a very good meeting, he wants to make a deal, probably the largest deal ever made of any kind, not only trade, we got along very well, we understand each other. >> so the president there talking about his meeting with chinese president xi jinping, the other big meeting that the world was watching is the world's two largest economies discuss ongoing trade disputes and negotiations to reach a deal, after the meeting that talks back on track, no timeline for the sides to reach a deal. >> resuming the talks as president said which had been interrupted for a while is a big deal, no proms made, no deal made, no timetable, i want to emphasize that. the president said several times, this is about quality of a deal. >> two big meetings this week and unclear how either of the situations with global implications will ultimately play out, heather. heather: regardless of what side you're on, it was really something to witness, thank you so much, garrett, much more coming up. includin

. >> tucker: you recently, hours ago met with the chinese president xi jinping. >> president trump: iid. >> tucker: are you closer after that meeting to a trade deal? >> president trump: i think so. we had a good meeting. he wants to make a deal. i want a deal. we have had the largest deal of any kind, not only trade. we got away well. we understand each other. he is going to start buying a lot of farm products which is great for the farmers while we negotiate. i'm going to not increase the tariffs which i could do. there is a lot we can do. we are going to put our teams together and continue a great negotiation. i think we can do something that will be historic. but we'll see. we'll see. i'm in no rush. we have a situation that works very well for us. i'm sure he is happy. what we are going to do is they are going to buy farm product. we are not going to increase tariffs at this moment. we'll see what happens with the negotiation. but we had a good meeting. >> tucker: do you thousand your political opponents in the u.s. are on your side in this negotiation? >> president trump: i thin

. >> [indiscernible] the president has looked at it is a great of president xi jinping. why do you think -- ms. conway: [laughter] this president backed down? >> yes, with huawei. ms. conway: you can't have it both ways. first he is meeting with kim jong-un, next he is meeting with president xi, he will not agree to trade deals, like past president that put us on deficit of half of $1 trillion with china, that screw the american worker, american interests, and america. this is somebody who doesn't back down. is that some of your questions about him. you want to take that one about huawei -- u.s. companies are still able to sell the component parts. that is important to him. that is not backing down, that is protecting america. >> no, it's not. because that's ms. conway: yes, it is. you can have a tutorial on america's greatness if you like, and what america first means. >> [indiscernible] both times at the request of president xi jinping, -- and i would like to know why he did it this time, and why -- ms. conway: i'm sorry, where do you work again? because we are all con

we were going to continue to talk about the trade truce between donald trump and xi jinping, perhaps this de-escalation of tensions will solidify the situation in both of those countries. we will talk about that further coming up in our coverage. this is bloomberg. ♪ the hour.op of it is our time to get over to seoul. next guest.th our take it away. yvonne: we are talking about what happened yesterday at the dmz, that historic handshake. president trump also stepping over to the north korean side, the first sitting president to do so. it was quite a scene. is dr. troy. -- >> this is beginning another round of negotiations. the situation getting havingnd worse -- after the third meeting, i think that we are going back to the post singapore summit last year. they are going to talk about nuclear talks, but they are still unpredictable. we need to manage the situation. just theatrics? a photo opportunity? >> i think it is more than theatrics. it is the beginning of building a new relationship between north korea. on the other, i do not know. some way.have all the details will be discusse

what are thee, next tools for china, what will president xi jinping do?ne of them was a bunch of layoffs at huawei in the u.s. there will be layoffs here and eventually in china. jinpingpoint does xi get to his next toolkit, and what is the toolkit? has runobviously, china out of room to basically hit at any further initiatives the u.s. administration may take with respect to tariffs. pretty much all of america's exports to china have already been subject to punitive tariffs . soon after the commerce department in the u.s. published this entity list of companies that would go on to this list from which u.s. companies by and large would be banned from selling components if it was a threat to national security, the chinese published -- said they would announce -- their own ,ersion, their own entity list companies that were harming chinese national interest. is, ifger i think really the situation cannot be stabilized between president jinping, president xi companies will be drawn into this, not just u.s. and chinese companies. vonnie: thank you so much, geor

that is mainly thanks to president xi jinping's initiative.vonne: there was a lot of scrutiny around the belt and road in just the last year. whether it was about the debt sustainability. some countries were pulling out of the projects. whether there are geopolitical risks when it comes to investing in these emerging markets. do you think those concerns have waned a bit now? where do you see this playing out when it comes to china's investment into infrastructure? james: i think the concern is still there. anancial sustainability is big concern for many of the belt and road countries. sibley because they are usually third countries, riskier countries, and the governments don't want to invest. sustainability is a concern here. during the second forum in beijing, in april this year, president xi jinping has come out to address this issue. if this has can't everybody down -- we see if this has calmedeverybody down -- everybody down a bit. rishaad: it has to do with hearts and minds of people involved in all of this. that is receiving the most, ho

but at the same time, obviously xi jinping cannot allow the kind of reforms that these pro-democracy protesters want their there is no way that he can allow these legislative council to be directly elected. -- the legislative council to be directly elected. there will not be universal suffrage under china apostle watch. there would be a very difficult choice for xi jinping to make, to go ahead with the military intervention or possibly face the situation that mikhail gorbachev faced at the end of the soviet union. chinese leadership has studied the end of the soviet union very carefully becacause they do not want the similar kind of unraveling. >> thank you so much. carriedday, north korea out a ballistic missile test, which was accompapanied by a warning to sououth korea. in a matter of weeks after president trump became the first u.s. president ever to set foot in north korea, pyongyang made no verbal attacks on washington. our correspondent tells us more. keenly.onong-un looksks on these photos released by north korea state media show him attending a test of what many say is the c

buy more american farm products, president trump commenting on his meeting with chinese president xi jinpingesterday. >> president xi and i had a fantastic meeting, great meeting, we get along and we also have a really, really good relationship and he wants to see something happen and so would i and i think there's a really good chance of that happening, we had a great meeting. dagen: joining me now senior research fellow dean chang, good to see you, dean, what the u.s. is giving and the china is giving is to get trade negotiations going back on track, where do you see what's going from here? >> frankly i don't think we will see much progress the markets are hoping for, the reality is that the core problem, that of chinese lack of respect in stealing of intellectual property hasn't changed, hasn't really been addressed yet and it's been the sticking point in u.s.-chinese negotiations over the past year, so i'm wait to go see what if anything beijing does to reassure lighthizer and mnuchin that the chinese are really going to change their policies with regards to intellectual property. dagen:

nada: many feel thisres a direct to xi jinping. is china going to have to react and respond? robert: china will have to think about the overall. -- have to think about the problem on the periphery overall. it has had 22 years to convince people that one counwo systems serves their interests. it has had 70 years to convince the people of tibet of the same thing, and it isn't going very well. these areas, hong kong in particular, are the demonstrion project for nvincing taiwan it should be united. this is a challenge to xi jinping's policies on the periphery of china and therefore it is a challenge to his big goal, the rejuvenation of the great chinese nation. nada: we saw that police were rather restrained, and carrie lam made a point to sahow restrained they were. if this continues, can we count on that being the case? robert: you can never be sure, but i think the police were restrained, and that works to the benefit of the hong kong government to be seen as not otnting to be violent against mostly very young ters. it works against the narrative that they are merely the heav

in honglating tension kong will put pressure on chinese president xi jinping. he emerged with the g20 with a trade war truce, victory for beijing. president trump said he would hold off on any additional chinese tariffs for now and would relax his administration's ban on huawei. for more on what that means for the chinese telecom giant, we are joined by peter from san francisco. with this be a repeat of what happened last year with zte? do we have any idea what president trump means when he says he will give some relief to this company? >> it was quite a surprise to see a trump come out and say after the administration for months i been complaining about huawei as a national security risk, a company that helps beijing with spying, for him to say that they will allow american companies to resume their sales of the movement to huawei, what he did not say is what that means for these companies. he said we will allow american companies to resume sales except where there are national security concerns. the administration so far has not given clarity around that. if

moments for many analysts is the biggest loser out of these protests in hong kong could be president xi jinping. president xi has essentially become president for life in china. tois not in his interest have this violent protest be broadcast all over the world while he is having sensitive trade negotiations with the u.s. very interesting, we have seen carry on over the last few weeks. during that time, many protesters carrying a slogan asking president trump for help. targeting thers international community, targeting slogans in different those presidents participating at the g20, asking for help. the president for now has stayed out, saying china and hong kong should be able to work it out. david: you have quite the program coming up. i beg your pardon, you are staying with us. situation whens they had the umbrella movement. this is different. they are coming with hardhats and masks. the protesters are more prepared than before. how did the last one result itself? shery: it didn't resolve itself. it faded into the background. months andd for two beijing did not back down when it came to these

how have things changed since xi jinping has taken power?nalistic stance not just for hong kong but china widely. under previous chinese governments, they offered certain concessions to pro—democracy campaigners in hong kong but that has not been the case under xi kong but that has not been the case underxijinping. kong but that has not been the case under xijinping. the kong but that has not been the case under xi jinping. the chinese government would argue the hong kong government would argue the hong kong government allowed some concessions and said it would pause the unpopular bill clearly that has not been enough for some protesters. and you can keep up to date with the latest developments in hong kong, following the protests on the bbc website. you'll also find analysis of the chief executive's reaction — and a feature on the background to the demonstrations — that's all at bbc.com/news. the german and british foreign ministers have called on iran to reverse its violation of the 2015 nuclear deal. the international atomic energy agency

monday morning >> european stocks soar hitting their highest level in a year as president trump and xi jinpingall a time-out on fresh tariffs. >>> chip maker surging as president trump softens his stance on huawei. >> one of the things i will allow, however, a lot of people are surprised, we send and we sell to huawei a tremendous amount of product that goes into the various things that they make, and i said that that's okay that we will keep selling that product. >>> china logs the highest close since the end of april hopes rise for an end to the u.s./china trade war >>> deutsche bank shares also jump as sources tell cnbc the german lender will consider up to 20,000 job cuts as part of a major overhaul >>> and crude extends its gains after iran signs off on a saudi/russian plan to continue production cuts, but some oil ministers are unhappy the decision was made without them >> if opec wants to be alive, should decide inside opec, not to receive their instruction from outside ♪ >>> to bring you the latest numbers from the eurozone in terms of manufacturing pmi the month of june, final numbers

but maybe not more so than president xi jinping. would not say the economy is in bad shape, but it's not responding in the way that they hoped it would. to the kind of stimulus measures they announced last year. then, it is kind of advanced leading indicators of export orders. even the nonmanufacturing pmi which is usually in expansion territory and kind of slipped to the last several months. view,n economic point of they would like this to go away -- xi jinping would like this to go away. they would like to freeze the trade war for the next few months. washingtonas much as , i am not very optimistic that this is going to hold. orill see later this summer early fall that we may be back in the position that we were looking at. we certainly haven't done away with uncertainty. thank you, george. , ax: look at the s&p futures bit higher since friday. it will probably open at a record high. joining us is chief work is strategist art. are you buying into the rally? >> this will price and a lot more good news than what we just got. this is

trump and xi jinping set the next spai phase of u.s., china e talks in motion, mr. trump's historic meeting with kim jong-un in north korea. of leadership, the courage and judgment to do. to meet with kim jong-un on kim's side of the korean dmz . and the national left wing media cohorts refuse to give the president credit for not only becomings first sitting president to enter north korea, but with a tweet, he invited kim to meet him in his own country, restarting the trump-kim denuclearization talks. while president trump was saving preworld, meeting with -- the free world, meeting with kim and xi, putin, erdogan, abe, merkel and others, human right protesters flooded into streets of hong kong, and smashed their way to city government headquarters creating greatest challenge to rule of president xi and the chinese communist party ever. the tens of thousands of protesters, the half million demonstrators, taking on the communist regime on the very anniversary of the former british colony' colony's returno chinese rule. worsening demonstrations like you saw in hong co

suggesting restrictions on the company would be eased following his g 20 meeting with china's president xi jinping he says he said the u.s. manufacturers would be allowed to start selling components to the chinese firm again which is days later a senior u.s. exports official has written to commerce department staff telling him to continue treating blacklisted since may american companies have had to seek government permission to trade goods with. taiwan's evil ways has canceled a further 550 flights scheduled in july after talks with striking cabin crews broke down flight attendants have been on strike for 2 weeks now demanding wage increases and improve working conditions total 2000 pounds or so far more than $400000.00 as their journeys disrupted it is the longest aviation strike in taiwan's history and is estimated to cost even $56000000.00. subzone is bracing to report that 2nd quarter profits more than halt when they issued preliminary earnings on friday the warning is based on analysis by a resident of smart estimates calculates because that's the new south korean firm is set to fly 60 perce

china's new nasdaq style tech for debuts later, a year after xi jinping discussed this. the so-called star board is the latest to attempt -- to bring in .ajor companies like alibaba 25 firms will begin trading monday. the board is testing a testing ground for regulators who have these rules on valuations in first a price limits. new data from the u.s. shows chinese investment has collapsed since president trump entered the white house. the rhodium group said the direct investment has followed from a peak of $46 billion in 2016 to $5.5 billion last year. ramped up regulations and a hardening attitude in washington helped reverse years of rising chinese spending in america. the british government wants the united nations to intervene in the tanker spat in the gulf and has threatened iran with what it calls serious consequences. london is demanding the tankerte release of the and is advising u.k. shipping of increased threat in the strait of hormuz. you could see the tanker in the port, flying the iranian flag. says he chancellor intends to resign wednesday if boris johnson

actually hold a set of statutes in any sort of consistent way but it's certainly been the case under xi jinping since about 2013 that the sentences that people now get for the same kinds of activism or conduct you know 10 or 15 years ago the sentences are much harsher instead of getting you know 2 years or 4 years we're seeing people get 101114 year sentences really on baseless charges so it doesn't really sound like he's going to have an early release or anything like that a reprieve of any kind i think the only grounds for a reprieve might be that he is in very poor health he has kidney problems he has heart problems blood pressure problems and he has said that he was tortured in detention and he goes to jail at a time when a series of very high profile activists have grown fatally ill and either died in detention or to time or die shortly after being released and you know one wants to hope that the chinese government is at least vaguely sensitive to the idea that it's going reputation that a prison sentence for an activist increasingly turns into a death sentence you know whether that prompt

to avoid further escalation trump and chinese president xi jinping agreed to a form of cease fire at the osaka g 20 in june however heading into this round of talks there is little sign of agreement from either side. we spoke to an expert on china richard mcgregor and asked him how likely it is that china will back down i think they're settling in now for a long trade war they're not nearly as exposed to the u.s. as the market as they once were they're not nearly as reliant on export exports as they once were now i think china is hurting it's chinese private companies which the exporters are hurting most china sort of a premier technology company our way is also under a lot of pressure but i don't think china thinks it will get much by giving way away to the u.s. so they're really settling in for a long term battle. finally investors looking to get a whole finch for the rising global demand to beat and get a piece of the action thanks to a south african app called my phone book yap allows best is to buy shares in a cow starting at $576.00 randall $36.00 and pays out between 5 and 4 p

merchandise is affected by the trade dispute to avoid further escalation and chinese president xi jinping agreed to a form of cease fire at the osaka g 20 in june however heading into this round of talks there is little sign of agreement from either side. we spoke to china expert richard mcgregor and i asked him how likely it is that china will back down. i think they're settling in now for a long trade war they're not nearly as exposed to the us as the market as they once were they're not nearly as reliant on export exports as they once were about i think china is hurting it's chinese private companies which the exporters are hurting most china sort of premie our technology company our way is also under a lot of pressure but i don't think china thinks it will get much by giving away a way to the u.s. so they're really settling in for a long term battle turkish finance minister bet on iraq says he expects schopper interest rate cuts from the central bank in fame such moves will bring down inflation many investors worry about the independence of turkey central bank finance minister is the

so after the meetings between president trump and xi jinping a few months ago, they seem to be easingon's prime day, which starts today, is usually one of its busiest times of yearfor the online giant. but warehouse workers in minnesota have picked the huge sales event to strike over working conditions. it signals that even after the firm committed to paying employees at least $15 an hour last year, concerns about conditions persist. the bbc‘s michelle fleury has more from sha kopee minnesota. this is an amazon's massive warehouse here in minnesota. a handful of workers here are planning to mark amazon's prime shopping day, and annual sales event, with a strike. earlier, ispoke and annual sales event, with a strike. earlier, i spoke to one of the workers to ask him what they are protesting. we are going on strike on prime dave mainly to demand safe and securejobs on prime dave mainly to demand safe and secure jobs from amazon. the speed at which we are required to work are exhausting, sometimes leading to injuries, and people not seeing a job as a thing they can do long—term, plus wit

president donald trump and china's xi jinping struck a trade war truce at last weekend's group of 20 summit in japan but the companies are not likely to alter their plans of moving production just to avoid tariffs they will face higher operating costs in china. the white house's economic advisor larry kudlow says trade talks with beijing could resume as early as next week representatives from both sides have been in phone contact since last weekend's meeting between the leaders of the g. 20 but their latest figure is have yet to reflect trump's efforts to rein in the u.s. trade deficit at its widest in 5 months the gap between imports and exports rose by almost half the same to make american car imports also climbed to the highest on record as businesses may be stocking up ahead of an expected increase in towers on chinese goods. let's get the european perspective on this from conrad who isn't outside the frankfurt stock exchange forrest trump hasn't been tweeting about that deficit lately. you know but trump has found other measures that allow him to boast about how successful he al

chinese firms caught in the crosshairs of the trade war and after meeting with chinese president xi jinping in osaka on the weekend trump said china had agreed to make new purchases of u.s. fun products they'll be no more new duties but the existing ones remain in place and the 2 they did fail to set a deadline for progress on a deal analysts say the trade belief may be temporary. let's go live to frankfurt for half a national correspondent susan candiotti how our european shares reacting today. it's a very very good morning here in frankfurt this morning bad the german share index dax for example jumped nearly 2 percent immediately after the trading started here in frankfurt this. and if you talk to people you know here in the corridors of the frankfurt exchange they will tell you that it's as if the markets have switched from risk off mode to risk on mood you can also see it on the commodity markets where the price for gold has come down significantly from the relatively high levels it had reached last week before this weekend in anticipation of this g 20 summit and of this very political

xi jinping's government is. and the north korean people i'm sure auwould love to be free an prosperous. kim jong un is not so worried about how they are doing as he is worried about how he is doing. instead of kowtowing to him, we should be tough on him. we should cut off his access to international banking. we should make it in the interest of others, others in powerful position in north korea, to ask themselves, are we down the right path? >> so i think this is where i came up with the nexus aspect of it because i think we have been trying really hard for a long time to cut north korea off from banking access or from trading access and we have been trying with sanctions to cut iran off. and so what's happening is they find ways to connect. china keeps trading with north korea. china is still trading with iran. they are still moving goods all around the world and they are doing it by relying on these product agnostic transnational criminal organizations who are increasingly contracting with terrorist organizati

genie: and donald trump met with xi jinping. he reversed course on huawei. blanketed baback with ban, saying the u.s. companies could sell huawei equipment. news thisow told fox does not mean they were entirely off the hook. it is still on the blacklist. it is willing to grant more licenses to u.u.s. companies wanting to deal with the tech firm. chinese tourists spent less than they did last year. many chinese are traveling more within china or choosing cheaper travel options. south k korea expertsts have pod the lalargest dropop in almost 5 years i in june. exports fell year on year. imports were also hit. a regional manufacturing pmi fell back into contraction in june, reaching a four-month low. price waterhouse cooper has found almost 40% of u.k. where pretty -- of u.k. equity partners were women. they are trying to improve diversity and narrow the gender pay gap. european markets served -- surged. the dax is up 1.25%. genie: the organization of the isroleum exporting countries meeting today. >> we expect them to prololong output cuts s and an effort to b

two with president trump and president xijinping. week or two with president trump and president xi jinping it is making progress, of course, donald trump has started a similar trade will be the european union as well as india. exactly right and he has shifted his gaze across to other parts of the world and it will be interesting to see what he does as far as european cars and other markets and of course is just a sweeping change, he will attack market. their wills — there was talk it would be hitting the enemies steel. it is certainly an initiative is far as the president is concerned. the federal reserve is possibly going to cut rates? that will be the first major mover. if we do see the fed trim rates, that will add even more stimulus to the us economy. that will take the dow and the snp even higher. you could see this row continue over the next six months. are they not concerned about the slowing us economy? even though the slowing us economy? even though the trade war might be making progress, its starting to hurt. that's exactly right and that is why the fed might start to move and th

a new key slogan by xi jinping.hina will not ever -- it has in fears ofxpansion influence, it also says it looks at richard risks and challenges. what else do we have? yvonne: they are talking about military cooperation between the world's largest economies. they were mentioning in the 2015 paper that the u.s. was only mentioned once, this time it has been multiple times. it does show the growing tension we are seeing not only when it comes to trade, but also the security, to what we're seeing geopolitically. we will give you the latest as we watch this press conference. we are also looking at gold prices. david: what are we doing as far as gold is is concerned? you see it back the last three-month, it has done well. one stock we are watching very closely -- it has come up from its lows, shares of evolution mining. aussie is 130 down as we speak. it is the second-biggest gold producer in australia. 8.4% drop in sales volume for the fiscal fourth-quarter sales for australia. yvonne: joining us is executive chairman o