in a subsequent appeal by air new zealand, the new zealand court of appeals faults mann for oversteppingis authority but does not overturn his findings. the people of new zealand have never gotten a clear answer to questions about who exactly is to blame for flight 901. >> everybody has got opinions, but a lot of the evidence just has never been considered. >> but one thing both reports agree on, weather was a key factor. >> the record shows that they had thought they could get into clear air below the cloud at about 2,000 feet. >> a weather condition called sector whiteout made the flanks of mount erebus seem to disappear. the optical illusion caused the approach to lewis sound to look identical to the approach they believed they were flying over mcmurdo sound. >> they were seeing what they expected to see, a cloud base above them, a bay or whatever in the front, mountain to either side of them. exactly what they expected to see. >> these whiteout conditions are very, very, very real. to be able to tell what's ice and what's overcast skies? the color is the same. and you cannot really d

zealand gets a new flag.sometime yet before new zealand gets a new flag. angie: thank you, paul allen. we will flag that story when it breaks. thank you so much. ♪ welcome to the stock exchange. we are taking a look at the open and australia, japan, and south korea, and reporters are here to tell us which stocks they are keeping an eye on. you are the tally taker. the scorekeeper. >> for today. angie: so where are you right now? >> i am looking at this stock. on -- yesterday in japan on20% yesterday in japan confirmation that it was talking about a partnership. no details. it looks like it might go the opposite direction. angie: if that is your call. >> i am hoping it does not trade weak. the loss narrowed. they have not had a great month. they lost 17% but sales are up 15%. they developed browser software for the internet, custom browsers for electronics such as cell phones and portable e-mail devices and so on. angie: getting there. -- get in there. >> it is a standard japanese name. bidding to build a gas-

still ahead, we have just opened in new zealand.t is the first nation to start trading on tuesday and stocks in asia and the asia-pacific stem the bleeding following the national selloff. ♪ >> if this volatility continues, which it will, the fed will be -- will not want to fuel further volatility. in such circumstances, it will most likely wait and not initiate the interest rate cycle in september. he is the bloomberg view columnist. the bloombergo market day, this special edition. we will take a closer look at the european market close. >> it has been a bad day for european stocks. the worst day since 2008. it is about those concerns over growth in china. that selloff in asian equity spilling over into europe. you can see the stoxx 600 down more than 5% at the close. every stock declined today except for three. if we look at the industry groups on the benchmark as well, all of them declining and it has been oil and gas stocks actually leading that drop. in a surprise given the rout commodities and the fact that brent crude dropped

they have just launched netflix here in new zealand.he catalog of content that you can download is roughly 10% of what they offer in the united states. that is completely unfair. and because people do not get that access, they are looking for the stuff elsewhere. so it is a problem created by the content creators. i am not responsible for that. if they would have an offering that had all content globally available for a fair price on any device, piracy would shrink into insignificance. but they are not doing it. emily: but if it is illegal and you are not trying hard enough to take it down or you do not take it down, doesn't that mean what you are doing is illegal too? kim: no. i have tried everything. we were just a small company based in hong kong. we did not catch up with the latest technologies. we were not even given an opportunity to do that. emily: do you think the artist who makes the song, tv show, movie, the videogame creator -- do those people deserve to be paid? kim: absolutely. yes. emily: so if those people deserve to be p

paul: we start off in new zealand where the market opened 90 minutes ago.was not pretty at all, it immediately plunged 2.3% and has stayed there. reasons, theggest online accounting software firm, . -- that was hit in early trade. -- no surprise that the new zealand dollar is also slumping at its lowest point in nine years today. in terms of monetary policy, traders are already expecting the reserve bank of new zealand to cut rates again at the next meeting in september down to 2.75%. it will be pretty much locked in. also depends on china as its number one trading partner. what are traders expecting when the offshore in market opens? -- the australian market opens? paul: it would fit the afx down below 5000 points. it was only down in april when we broke through the 6000 point level. the decline has been steep and pronounced. australian stocks lost $60 billion, the heaviest fall in 6.5 years. the dollar also off 2.2%. we do have a lot of analysts saying don't panic. earnings season has by no means been a disaster. if you look at these stocks were broadly,

new zealand under pressure right now, it's at .6%. new zealand dollar spot bouncing back after falling quite a bit as a result of china's devaluation. of course new zealand and australian commodity currencies big hits as china factors in as their biggest trading partner. we're also counting down to the openings in other markets. let's head over to japan. nikkei 225 closed in red on china's devaluation. futures in chicago pointing to a lower open. dollar-yen right now is slightly strengthening. still very low there. one closed market to tell you about, there is no trading in thailand today, where it is a public holiday for the queen's birthday. but let's take a look at how all the u.s., yed out in with bloomberg news stock reporter. what can you tell us? reporter: well, as you expected, today was all about china. u.s. stocks didn't exactly like the yuan devaluation. the s&p 500 slipped 1% as investors saw the move of a sign of how deep china's slowdown actually is. that was evidence across other markets with the commodity prices plungi

zealand is an exporter it isdered milk and pretty ugly if you look at the new zealand dollar. it is brutal. alex: you are excited about it. why is it important? think it is important. i think it is fun that a currency is connected to know. that is a great story. go to newjust want to zealand. joe: that is true. theme parkong result. joe: paul joins us now. better than what they were looking for and the revenue was a little bit light with the stocks trading off in the afternoon hours. the key issue is to call that from a cash flow and it is notable for disney and the cable networks. people really want to see the outlook and that is the primary driver of cash flow in this company. >> wouldn't this implied that the revenue was that are? >> you are starting to see it bag.t is sort of a mixed andsee in the last quarters they are certainly exposed to advertising and they benefit from the growth with espn the most valuable cable network out there and they raise the cash flow and the cable network. they are really exposed to the growing part of the business. box office has been shooti

and maybe new zealand could play more games over here.i would be interested to get your comments, love the book and i'm enjoying the discussion. thanks very much. >> guest: thanks very much. it's interesting i've heard from a number of folks who have played rugby here and abroad and this issue is race repeatedly. i think the biggest point is when you hit on about helmets that the absence of a helmet certainly changes the way tackling changes the game and we address us this in the book than many ways the helmet to protect against skull fractures has made the confession issue worse. now that is a weapon, what the nice piece of plastic and emboldened players to tackle and in much more aggressive ways and perhaps they had been when the helmets were leather. that said the idea that the nfl would go back to leather which is an extreme suggestion from some folks trying to figure out this problem, i think there's no way that they are going back to that. the sport is as popular as it's ever been in one of the reasons is because of the aggressive n

you heard the new zealand trade minister talking about his country's dairy. it's not just dairy. the mexican minister wanted to make sure he safeguarded the car industry. australia was talking about its sugar cane industry. this huge great deal, all trying to get their issues. the ministers at the table each has a knock-on effect. this is an all or nothing deal. it has to all go through or none of it goes through. that's why it's so complicated. not everybody is disappointed. there are plenty of advocacy groups who say that this deal was bad for consumers great for big business, but bad for the ordinary man in the street in the 12 countries involved. they say it would have damaged environmental, the labor laws in the countries involved and also that public health would have suffered. this is what one campaigner said immediately after that press conference. >> for us this is a victory. what we have seen is several countries, australia comes to mind standing up and saying we are not going to trade away health this week no matter how hard you lean on us. that makes a big difference.

a late try with hopes of new zealand lost. they would savor what is likely to be the last home international for richie mccall. as his career comes to a close, the single goal remains leading the first in history to attain the world cup. al jazeera. >> that world cup in england coming up. two runs making it six oints out of six. there were comfortable wins as well. no goals between watford and west brom. al ahli went in to play shejiya. it was the first time it was able to cross the border in 15 years. >> first of all, being here on the west bank and west bank people being able to come to us is in itself an achievement. the spirit of unity between us that there is no difference between gaza and the west bank. this is what we gained from the game. >> as a sporting event our team was the winner, and we'll be the representatives in asia. we'll represent palestine. of course, if it was shejaya who won, we would have congratulated them because they're a respectful team. >> in india the first test of the match. sri lanka winning by

the diviiion is taken back from gath la canal. >> to new zealand, wellington. >> tell me about new zealand, the training. >> it was great. we didn't get into training heavy until they wanted to us -- give us a chance to rest a while but we then did a lot of climbing these steep ridges. >> i volunteered to go into thh assault engineers. >> training alongside with ladd is harry knee half of portland, oregon. he was 17 when he joined the marine corps reserves and then called to duty to set up a camp at pearl harbor. he'd been there a month before the japanese attacked. >> my primary job was demolition but i trained also a little bit on the flame thrower. diesel fuel is a main fuel and then you had an igniter just like a cigarette lighter and compressing that, the ignitions went off and the compressionn forced the diesel fuel through and you had ignition. >> as the company commander, i was able to take my company out into the boondocks and do the training out there. >> michael ryan grew up in kansas. after being called up as a reservist, he also found himself at gath la canal. nicknamed the ol

let's check in on the markets in asia. .ew zealand, gains of 1% higher we are seeing new zealand dollarss the same level it felt to after china surprised the war old and devalued its you earlier this week. we have future is in chicago pointing to a flat open. 30 points lower. it keeps getting worse with the lossalian -- a four-year of ozzie dollars. . we knew things were bad. what is i are doing to turn things around? so much of this story is out of their control. they are trying to control what they can take care of. it is down to the iron ore price. what was sold increased. they have a new decline, $718 million. that tells you the story of these falling iron ore prices. something of an understatement. 47%.or got down to they suspended their operations but they have since resumed. they are doing what they can. they are really cutting back on costs and expect they will be back at full capacity by december with a breakeven price. which is on the right side of the price of $57 per ton. that is a dangerous game. have a look at the shots. that was iron shares $.70 today. today just 3% per sh

new zealand stocks were getting their momentum. the new zealand dollar weakening .65 u.s. cents.kei has seen some downward pressure all week to read we have rebounded yesterday, closing higher by .5 of 1%. nikkei futures point to a higher open. at 124.78.yen here is su keenan from new york. su: the s&p and nasdaq recovering from a couple days of downturn. we had strong earnings from tech companies. profitfter boosting outlook. we had more earnings after the bell. a lot of foremost, attention here because this is the first time the recent ipo reported earnings. it's all shares tumble -- it saw shares tumble on emerging concerns. the fitness trackers are doing well against what is becoming crowded field for competitors. these are wearable devices that track your heart rate. over 4.4arter of a -- million. earnings, $.21 a share versus the eight sent expectation. the measure of profitability narrowed somewhat to 47% as opposed to 51% of the prior quarter and that put pressure on the stock price which closed at 51.5 and feel near 44 in after-hours. , a couple media companies reporting

. >> air new zealand got imaginative. >> air new zealand asked us to keep their passengers safe on board with a rip-off of "men in black" -- >> i think we can do that. >> using some of the duds from the "all black" from new zealand, the rugby team called the all black. >> so the men in all black. >> right. ♪ here comes men in black ♪ here we go >> covering the popular tune by will smith "men in black." ♪ this right here is a seat belt and buckle up ♪ ♪ it should shine ♪ the belt sits across your hip, you know it fits man when it clicks ♪ >> if you're a rugby fan you might recognize a bunch of different cameos from players including some legendary players as well. ♪ it's found beneath your seat >> every time it goes viral and when you're on the plane you pay attention. ♪ it's all about the pleasure >>> this precious baby -- >> she is a bit of an emotional roller coaster. >> see how her mother's change in tone changes her emotions. >> she's going to be a great actress. >>> and a look at how professional red bull mountain bike abouters practice for a ride when they're not in the middle of a

new zealand climbing. check out that new zealand dollars spot at 65 u.s. cents, making do very cheap for a lot of foreign investors and that is putting a pressure on the property market. we are getting done to the opens in australia, and japan. in japan, futures in chicago pointing to a higher open. the dollar yen remains at this level. the pressure is on chinese stocks. here in hong kong, they fell to an eight-month low on monday. investors are worried and about wider economic slowdown. juliet: yesterday we saw a bit of an exodus coming through these shares. point down byne 1.7%. we saw financial and insurance leave those losses. there estimates the followed from the blast could cost about $1.6 billion. they felt coming through from a lot of the financials as well. we see this exodus. ap see coming through with note saying about $8.8 million had flowed out of the hong kong and china fund. we do see foreign investors exit out of these shares and that is what we saw this coming through on the index yesterday. angie: important to make the distinction. these

zealand. 1.2% higher.e have the new zealand dollar spot recovering little bit, 64 u.s. cents. we are also counting down to the opens in australia, japan, and korea. let's go to japan. nikkei 225 closed the biggest since october after china cussed interest rates -- cut interest rates. futures in chicago point to a higher open. dollar yen is weakening. 120.27. the question remains, what is going to happen? will chinese markets extend their worst slump in two decades, or will investors finally have the courage to into the route to? a lot encourages needed, right, david? david: a lot of courage is needed. i'm sure a lot of economists will agree with me when i say that it is important to differentiate the economy and the market. they're not moving in tandem. it is not reflective of what is happening on the ground. that being said, we just talked about the session overnight on wall street, fantastic session, but if you look at the china eps , it actually got sold off toward the close. it could have ended much hi

joining me on this special edition of "studio 1.0" from auckland, new zealand, megaupload founder andproclaimed ruler of the kimpire, kim dotcom.

once over he shipped to new zealand before coming state side. family who found the lost treasury went to the u.s. embassy for help in finding its rightful owners. >> i'm total tally amazed. i think it's fantastic that those people would hold onto it for so long, you know. to me it's almost like a miracle. >> patricia says her husband who is now deceased relied on his faith while in the war. >> priceless find there. glad they got it back. >>> 4:38. still to come on "action news," a developing story. police are looking for the robber before who shot a man overnight then went through his pockets. >> people in denver capture a funnel cloud on camera. the storm passed through the area during a pretty busy time. david. >> going to be another hot and humid one today with a high of 93 well above the average of 95 off the record of 97 thank you very much. as we head into the afternoon an isolated thunderstorm but a better chance of that later in the week. i'll have details coming up in your accuweather 7-day. >> ♪ >> developing this morning, a robber sho

new zealand, we're seeing gains. it is higher. spotew zealand dollar paring back. 65 u.s. cents is the level this moment. we're counting down to the openings in australia, japan, and korea. a bit of a selloff yesterday in japan you the nikkei -- japan. nikkei 225 -- futures in chicago morning to a lower opening following the selloff on wall street that we saw. the dollar yen holding. to our top stories. the volatility in chinese markets never really went away. yesterday's selloff really .howed that uncertainty the shanghai composite fell more on concern sent government support may come to an end. all of the action was in the late afternoon. >> absolutely. let's have a look at the internet chat. that occurred in the afternoon session. that was the lunch break. it is similar to what we were seeing back in july. why -- you could see profit takers living in. reasons.ple of other they are concerned the government may start to intervene in the market. this is basically the linchpin of the government's efforts. concerned thats the government isn't going to pick up. we had hong ko

new zealand, for example, is desperate to make a team. >> new zealand is desperate to make a deal with anyone in these arrangements. new zealand had unilateral conditions since the 1980s. we had little bargaining power. countries like the u.s. and japan and canada are not really interested in negotiating with us bilaterally. the big game is part of the attraction of the deal. it's a reason why we have hit this deadlock in the latest maui negotiations. because the price of these deals now is very high. it's - little of it is extinguish old-fashioned trade. even though that appears to be where some of the current negotiations found it. they have become deeply unpopular domestically not just because of jobs in manufacturing and agriculture, but areas like the pharmaceuticals, and the impact on state enterprises and the impact on government procurement and the special rights to foreign investors, if they cannot sell the deals domestically the government nose they have to push as hard as they can. that's what i think has been happening in maui in week >>> interesting. debris that investigat

with the new zealand dollar spot gaining. counting down to the opens in australia, japan, and korea. seconday, japan had the day of gains. let's see what the third day will bring. final trading day of the week. futures in chicago saying they will start above the 19,000 mark. out will also help exporters. time for a look at some of the top corporate stories. here is david. talk about facebook first. if you are the social network, you are one in one billion. show figures different from the numbers facebook disclosed. those are the average number of daily users. had 168 million active accounts in june. overall, 1.5 billion users who log in at least once a month. said the new demands are peculiar. google has rejected the eu accusations and says it has provided evidence that shows the contrary. the eu said it will consider google's response. fans will be counting down to september 9. that is when the latest iphone the releaseto in san francisco. invitations have come out for an event that may include an update for apple tv. the ev

to new zealand where we are seeing a bit of a selloff this morning. less than a 10th of a percent down. this follows weakness amongst commodity currencies including australia. we are also counting down to the openings in australia, japan, and korea area let's head over to japan. -- higher there. planning to an eight year high. we had a weaker yen. futures in chicago pointing to a higher open on the heels of the wall street rally. our top story today, google going from a to z to create a new corporate structure. separates googles main business from its long-term ambitions. let's head to san francisco. what is google's plan here? >> google has restructured itself so the big parent company is now called alphabet. the ceo and cofounder will oversee. google which will be the core will be run by his longtime deputy send our the change. deputy.ongtime arm and thecapital unit that is doing a lot of the driverless cars will now be separate. it is trying to add a little more clarity to the companies -- company policy organizational ny'scture -- compa organizati

the new zealand stepped up in the second half.irst becoming a southern hemisphere sensation strengthened his world cup credentials, securing his past and the penaltity try. cooper's high tackle doing nothing to improve his reputation. al man down, the wallabees were a mere shadow of last week killers, proving once again experience is everything. midfield master making the most of the advantage. his play making skills much missed last weekend, no new sparked another score. conrad smith adding to australia's woes. new zealand offered no respite, the wallabe. s, second try putting the game well beyond reach. a late try with little consolation for australia, hopes of wrenching the cup from new zealand 12-year grass locked. the 41-13 win, a chance to savor what is likely to be the last home international for richie mccall. a single goal remains, one so far unconquerable for all, the first in retain the world's cup, al jazeera. >> that world cup over a month away, the warm-up internationals are coming thick and fast. a close game in dub

new zealand climbing a quarter of 1% and continued weakening of the new zealand dollar. it is at 65 u.s. cents. there is no reason for it to fall further. we are counting down to the openings in australia, japan, and korea. five -- nikkei, dollar yen is slightly weakening. chicago pointing to a higher open for the nikkei to 25. 225.ading -- nikkei china's economy could be growing more slowly than official data suggests. explaining why the yuan has the outed, the pboc has come and declined to offer a definitive view on how it sees the currency trading. >> some very interesting comments. in both yuan will move directions following last week's devaluation. even if the central bank needs -- he didne it could indicate where we are seeing the yuan at the moment is going to be consistent with economic dust with economic fund mental's. -- insisted with economic fundamentals. bloomberg has done a survey of economists, who say that it's not consistent. it is more likely the economy grew at 6.3% in the first half and will grow at 6.6 per -- 6.6% on the year. there is of course an i

joe: new zealand. the largest exporter of powdered milk. price drop is due to china, and supply. the new zealand dollar, brutal. alix: you are so excited about it. why is it so important? think it ist even important, i think is just found that there is this currency that is so connected to milk. disney earnings just crossing a few moments ago. the company beating estimates thanks to a strong results --the parts box office and theme park results. a little bits light, so stocks trading just a little bit in a after-hours. a little bit of an bag, but i think that the key issue for the call here is to really call at some of the big cash flow property's and businesses for disney, most notably the cable networks. how is he has been doing, advertising network? the outlook for ad spending across all of the cable networks, that is the primary driver of cash flow for the company. alix: if round of beating estimates. without not imply that ad revenue was better than before? >> when you look across the media companies that have reported so far this quar

joining me on this special edition of "studio 1.0" from auckland, new zealand, megaupload founder and ruler of the kimpire, kim dotcom.

the situation is so bad that firefighters from australia and new zealand have been called in to help battle the flames. >> spurting through the record books, they have been witnessing their largest fire on record. the unusually hot weather and high wind has upped the blaze prior to 400 square miles. it continues to threaten homes. >> in his very aggressive, we do continue to make wrong, but as i said earlier, these fires for the only way to deal with them -- eatingening elephant, one bite at a time, and there's still a lot to eat. >> these extraordinary conditions have stretched existing resources. military, and foreign countries, firefighters in australia and new zealand are prepping in the receipt idaho before tackling the blaze. >> the amount of resource that is committed to these fires, it is incredible. us west coast is in the midst of one of its worst fire seasons on record. over 11,000 square miles forced so far. >> your ceramide top stories. terrorism, climate change, and world economy. these are some of the key issues president francois hollande has addressed in a conference

samoa was made by new met by new zealand with incomprehension and then regression. this was in the demonstration. this movement proved impossible to repress when the men were banished and took to the hills the women took over and this is the leadership and kennedy. in both cases the rebellion at a persian internationalized spurring massive drive into the end the end of that before the mandates commission. in both cases, too for the representatives came to rome or geneva where the commission was meeting to make the case. but in both cases the commission defended the mandatory power. why? because the movements called into question the foundational assumptions that is syrian santa samoans said that they can govern themselves, but the covenant said they couldn't and when they said they could those appeals violated the covenant. the mandate commission wouldn't entertain such arguments. they refused to receive all of nelson even though she traveled halfway around the world to talk to them. they dismissed the petitioners as unscrupulous agitators. privately, he admitted he

the best example of that is new zealand.hich has decriminalized [no audio] it gives sex workers more confidence when they are dealing with clients that they can enforce rules on clients. and they can get protection and support if clients do not behave the way sex one them to do. there has been considerable success in protecting the rights of sex workers in new zealand through decriminalization. >> catherine murphy from amnestr stories around the world. dozens have died in heavy rebel shelling in airstrikes around the syrian capital of damascus. rebels launched a barrage of rockets at the district held by the government. heavy rains have triggered floods in a southern region of italy. the water is turn roads into rivers and swept away cars, dumping them on the local seafront. local police have rescued 40 people, including many children at a hotel. a police officer in texas who has killed an unarmed black teenager has been dismissed. the police chief said brad miller -- officer brad miller had exercised poor judgment. the crim

the best example of that is new zealand.hich has decriminalized [no audio] it gives sex workers more confidence when they are dealing with clients that they can enforce rules on clients. and they can get protection and support if clients do not behave the way sex one them to do. there has been considerable success in protecting the rights of sex workers in new zealand through decriminalization. >> catherine murphy from amnesty international there. time now for a look at other stories around the world. dozens have died in heavy rebel shelling in airstrikes around the syrian capital of damascus. rebels launched a barrage of rockets at the district held by the government. heavy rains have triggered floods in a southern region of italy. the water is turn roads into rivers and swept away cars, dumping them on the local seafront. local police have rescued 40 people, including many children at a hotel. a police officer in texas who has killed an unarmed black teenager has been dismissed. the police chief said brad miller -- officer

lending a helping hand, firefighters from australia and new zealand arrive in the u.s. to help battle fires. and boca tha boca har ram, we me children. dozens of asylum seekers are dead after the boat they were on sank off the libyan coast. many who died were trapped in the hold when it went down. >> the sea has become a dark reminder of people's dispir raise to escape violence, persecution and poverty. in the latest tragedy, another crowded boat sunk short after leaving libya. >> translator: we are migrating, the boat sank. people died. the libyan save us, may god bless us. we have been forced into this route, it's the route of death. >> libya is one of the main transit route routes. international smugglers. they are forced to live in poor conditions and lack basic medical care. in another tragic incident, a swedish vessel after rescuing hundreds of people from their boat drifting at sea. but dozens others weren't so lucky, their bodies found in the hold of the boat. >> this is one of the tragedies we have seen a lot in the mediterranean. it's the first time for the sw

the new zealand dollar spot at .6568.e are counting down to the openings of japan, south korea and australia. we are also waiting for data on japan's monetary base. it closed down 2/10 of a percent and now the futures pointing to a lower open. we are waiting a head for the policy statement later in the week and the dollar/yen trading at 123.98. the big news these days of course is the commodities round. mining companies and oil producers have tumbled worldwide on commodity prices. big funds heading for the exit and we are looking for prices last seen years ago. david is here with the details. the plunge continues. david: if you bought shares yesterday, you probably want to look away right now. let's start things off with base in industrial metals. we had the data coming out of china yesterday. low andcopper, six-year i believe you will be speaking to your guest later on copper. 2.34 is a six-year low. i think this is the one trade on shanghai futures exchange in an overnight trading session. per metric ton in u.s. dollars

a family in new zealand found a prayer medal with his name written on the front, and his wife says he served as a medic and once his tour was over he was shipped to new zealand before coming state side, the family that found the memento went to the u.s. embassy to find the owners. >> i'm totally amazed and it's fantastic that those people would hold on to it for so long. you know. to me it's almost like a miracle. >> patricia says her husband that is now deceased relied on his faith while in the war. >>> and sky 6 hd taking a look at atlantic city airport. david murphy has the full accuweather forecast. hey, mom and dad! hey, kiddo! (dad) you caught us daydreaming. about a couple of touring bikes? (dad) yeah... mounted on top of a new suv? (mom) uh huh... hooked up to the back of a custom motorhome? (dad) exactly! but how did you- you've got the new instant game from the pennsylvania lottery. (dad) right! bankroll doubler. (mom, off-screen) with top prizes of $300,000. (male announcer) want to see your dreams come to life? you could scratch your way to instant winning. the pennsylvani

family got a priceless momento back and it has a connection to the new zealand.as more on the incredible tale of lost and found. >> he was a good person. >> reporter: patricia has fonld memories of her husband a medic in the marines, he relied on his faith and the servicemen around him. >> his buddy said to him, tone, tone -- tony, i'm scared. >> reporter: onces tour was over he was shipped to new zealand before coming stateside. he is no longer living, but something he treasured more than 50 years ago has made its way home. >> i was shocked to receive this. >> reporter: a military family found this, a military prayer missile with his name handwritten in the front along with his serial number. the family went to the u.s. embassy in new zealand looking for help in finding the rightful owners. >> i'm totally amazed, i think it is fantastic that those people would hold on to it for so long. to me it's almost like a miracle. >> reporter: the family had no idea that this precious heirloom existed. now that it is in the family possession, it makes them feel closer to h

new zealand dollar spot is at 0.66.e are counting down to the open in australia, japan, and korea. let's head over to japan. the nikkei last closed in the green. it looks like we are going to start off in the red zone today with futures pointing to a lower open. dollar-yen right now is at 124.3. more on our top story now. data over the weekend showing china's economic slowdown may be deepening. exports tumbled as producers saw their steepest decline in years. we have our chief asia economics correspondent joining us right now. what does this tell us about the state of china's economy. >> a pretty soft reading on china's economy over the weekend. i think the dip in exports will catch policymakers' attention. negateser, it kind of the story we had about how china's economy was stabilizing in the first half. angie: a soft start to say the least. is the strong yuan becoming a problem here? >> that will increasingly be a political issue in china. on chinating a brake exports to the eu and japan when they need everything they

the new zealand dollar unchanged u.s. cents.so counting down to the opens in australia, japan, and south korea. saw two consecutive sessions of losses, yesterday moving at 1.6%. nikkei futures currently pointing to a lower open. the dollar yen at 123.91. let's move to commodities, because u.s. crude has hit lows not seen since 2009. the stockpiles in the u.s. unexpectedly increased. let's go to brad in houston. tell us a bit more about this report. the consensus among analysts was at the stockpiles were about to go down. we are in the middle of august, which is usually a high demand. hang -- a high demand period because of summer driving. in this case, we do know what was going on in the market. it was the fact that there was a major refinery in chicago that was not drawing from those clued -- those crude supplies, but it's still allowed a lot of people to selloff crude today. brad, oil has already fallen more than 30% since june. dropping to $.30 a barrel is a possibility? reporter: i think people are seeing a lot of factors th

that with new zealand pressing their line, the wallabies resorted to desperate measures. they were offside. leaving daniel carter to coolly claim the point. they wound up the pace, making up for earlier misdemeanor bursting through the all black defense. an australian lead wasn't in the all black script and the world champion team -- in the right place at the right time. determined to steam the lime light, australia came back. with a first defeat in four years looming large the all blacks back in front. sensing the win nick white getting through making australia southern hemisphere chance. >> our preparations, trying to improve every day and trying and improve again tomorrow, because this is the path that we have to go on if year going to be competitive. >> we have to face up to the reality. >> with the sport's biggest tournament weeks ago australia sent the strongest warning to their world cup rivals. al jazeera. >> he may not be at the on going swimming world champion, but michael phelps is suddenly looking good ahead of next year's olympics. he has just clocked the fas

because new zealand is like eggs and explosions are cool. >> i have no words for that.ish of scrambled politics, speaking of eggs. >>> i am joined now by politico reporter lauren french. good morning. >> good morning. >> trump laid out his plan for immigration, rescind president obama's protection for children brought to the u.s. illegally. get mexico to pay for a border wall. increase visa fees. it goes on. he wants to create a whole new standard for immigration. will this gain him votes or lose more within the latino population? >> it will not be a set of popular politics within the latino community. these tough standards are something that republican primary voters across the country are really enthused by. you could see them really continuing to lead the pack in bringing up these immigration policies like building a fence and making mexico pay for it that could really entice some republican primary voters. any of those votes will turn off latino voters, which the republican party has tried for many cycles to bring into their fold. >> little bit of a double-edged swo

new zealand is taking a little blame as of late. know you're fighting back and you're saying you can't change the rules at the very end of the game. what would you say to people who say you know what, new zealand is causing big problems for the tpp? >> i'd say we're ambitious, not only for a country but as a quality tpp. i mean, anyone can do a deal but if it's low quality and it doesn't take you very far, by definition, you're not actually opening up each other's borders and each other's consumers. and the fundamental principals underpinning tpp were always a high-quality, comprehensive deal. that's what we agreed on. that's what we pitched to the new entrants that wants to come in in the form of mexico. it doesn't mean that we're going to get utopia and we're going to get everything that we want and the countries that care more about getting what they want. but i think if we just have that ambition, but a practical fit for our economies will be heavily diluted. >>> let's talk politics, donald trump goes on the defensive. appearing

. >> reporter: once his tour was over he was shipped to new zealand before coming stateside, mr. definis is no longer living but something that he treasured more than 70 years ago, has now, unexpectly, made its way home. >> i was totally, shocked to receive this. >> reporter: military family, living in new seal land found this, a military prayer missal with anthony definis name handwritten in the front along with his military serial number. the family went to the u.s. embassy in new zealand looking for help in finding the the rightful owners. >> i'm's totally amazed and i think that it is fantastic, that those people, that hold on to it, for so long, you know, to me, it is almost like a miracle. >> reporter: family had no idea that this precious hair lumen existed, but now that it is in the family's possession mrs. definis says it makes her feel closer to her husband. >> it is a great feeling just to receive it, like, and hold on to it and know that he had it in his possession, and it is almost like he is saying, i'm good. i'm fine. >> reporter: in newtown bucks county, sharrie w

new zealand down .3%. at $.66 u.s. thailand, the index has been under pressure.n, nikkei futures pointing to a lower open. dollar yen at 123.45. hong kong stocks flirting with a market with-- bear the turmoil. juliette saly is watching for us. >> it is a so-called "death crash." what we are seeing is a lot of fear coming through the market in the latter part of the day. about 1.8%.wn by foreign investors bailing out of the hang seng index of growing concern over weakness. that and the fed hike in the u.s. may not happen in september. it is the average level of the hang seng over the past 50 days dropping below the 200 day mean. this has happened six times in 10 years. the measure has fallen an average of more than 15% through the mixed market low, certainly suggesting we could see more pressure coming through. inry: more downside pressure hong kong, but what about mainland shares? >> it was one of those roller coaster rides. on wednesday, we had a recovery. then there was speculation the pboc had intercepted the shanghai market. bloomberg research saying china ce