paul: the u.s. bringing pressure to bear. the u.s. said even if the pastor s released, these sanctions or tariffs on steel would be lifted. is there a risk that u.s. could push tushy into the arms of russia or china? >> there is always a risk and hard to define turkey as a strategic ally of the united states. it has been cooperating with russia on a number of areas. certainly the turks are looking for alternatives to the united states. i think that the problem with the president's policy with regard to tariffs is it violates the principles of free trade and we know that free trade is better. overall, the pressure on turkey is good. turkey has intergrated with the west despite the rhetoric coming out of turkey. they are looking for a solution that is based on europe and ultimately the united states. europe has significant grievances and even if the pastor is released, 15-20 other americans that are being held in turkey on trumped-up charges, there are a whole lot of other challenges that turkey presents to the united states. ramy: on t

the u.s. lawmakers are demanding answers from google over reports it is developing a sensitive version of it engine for china. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am haslinda amin. this is bloomberg. haidi: president trump has defended his use of tariffs, saying playing hardball is my thing. this follows china's decision to outline an additional $60 billion with retaliatory tariffs. let's get now to beijing. trump is claiming to have the upper hand on china. we have a flurry of data coming out this week in terms of trade numbers. that should give an indication whether it is right or not. china data,eek for and as you say president trump coming out over the weekend with this rally in ohio but also a series of tweets to underscore his view tariffs and the actions he has taken give the u.s. leverage, saying he thinks it will win certainly in the longer term and it will open up china's economy

the u.s.-mexico leave canada and china, and other trade deals? trump is weighing in on expectations. let's have a quick look at some of the currencies. the canadian dollar is fairly in limbo. the foreign minister of canada is on her way to washington, talking about a modernize nafta. -- modernized nafta. we have the mexican peso as well. it is retreating this morning after initially rallying on this u.s.-mexico deal. here?does this had from -- head from here? manus: the mexican peso rallied 4.4% this year. one thing is for sure -- the markets have decided to short risk protection, the vix, u.s. treasuries, and dollar. we are ratcheting lower in terms of the speculative. there is a larger short position on these trifectas of risk indicators in the market. is this the beginning of dominoes set to cascade after the midterms? you can't read that much across from mexico into china, but could it be after the midterms, trump ratchets up his ability to do deals? at the moment, the market believes risk

to make cars in the u.s. and you won't be able to export from the u.s. we export over a million cars a year. i don't see how we can export if we are using all of our higher costs. presidentnow see trump using section 232 and talks. there are talks in the senate confirming what section 232 would be applied on in the defense department. what are your views on transferring that authority? >> you mean from commerce -- shery: to the department of defense? defense is a very important part of cfius. defense plays a role. when it comes down to it, on a cfius decision, defense will have a final say. but these are commercial matters. these are matters that typically pertain to the commerce skillsent and all the are not necessarily there at the defense department. i'm not sure the rationale for that. i think we are overusing national security. to say that canada is a national security threat because we get too much aluminum from them? you can take this very far. it will also encourage other countries to start doing thin

the u.s. president's surprise offer came during a news conference at the white house with italy's prime minister no preconditions no they want to meet only any time they want. any time they were in the u.s. piloted the deal is signed with iran and its international partners when president trump announced in may the u.s. was pulling out even though there was no indication iran was in breach this was a horrible one sided deal that should have never ever been made he don't get for months it was a terrible deal and vote to scrap it when he became president his offer to talk with iran's president well threw up many more questions and local conditions means that he's ready to sign on the dotted line so to speak with the iranians so will that be acceptable to the region to the powers in the region to the g.c.c. specifically saudi arabia and the us. i doubt that we've been here before they will be met with fire and fury the will trying very north korea and its leader before agreeing to a meeting and e

and , buten the u.s. and mexico if he on a thing gets resolved, i think we're well on her way to a successful modernization. >> there has been a feeling that some bilateral issues are pretty sticky once. including now, there was a mechanism, willing to compromise? there are a number of different categories of issues where we have differences of opinion are the most important from our perspective is really that you need to have some kind of certainty about, for investment purposes, which is the automaticike termination of the agreement unless every party agrees to keep it going after five years. not create the investment certainty a think we need. adamant thatwe are there has to be some kind of independent dispute resolution mechanism, because otherwise, you know, you really don't have to deal with your disputes. anyone needs a mechanism other than in u.s. or canadian courts. >> can you characterize for me when you set how the relationship is doing, when you follow tweets or the day-to-day when you get int

the u.s. plan when it comes to iran hurt the economy hurt the people forced the government to agree to change much of its foreign policy the policy is not regime change but we definitely want to put maximum pressure on the government and it's not just to come back to discuss fixing a deal that's basically not fixable dealing with the nuclear weapons aspect we want to see a much broader retreat by iran from their support for international terrorism their belligerent military activity in the middle east and their ballistic missile nuclear related programs all things around is unlikely to agree to still the partners in the nuclear deal are urging dialogue we really just encouraging united states to start talking to partners in iran in order to be able to find a route forward the european union is trying to protect its companies taking the unusual step of issuing a blocking statement that says european companies should ignore u.s. sanctions but still car companies drug manufacturers and many other

the u.s. . we will be stopping the war games which will save us a tremendous amount of money on lashon until we see the the future negotiation is not going along like it should. the u.s. military exercises with south korea have infuriated p.r. nyang for decades trumps decision to suspend them surprised both u.s. allies in the region and top u.s. military officials critics said he was handing kim a major symbolic victory without getting any concrete commitments that north korea were denuclearize since the june so most terms diplomatic gamble has delivered some modest returns young has returned what it says are the remains of u.s. troops killed in the korean war it has also put its nuclear missile tests on hold though the un's atomic watchdog says it's still developing nuclear weapons and it's the lack of progress on that front that could wind relations back the animosity that characterized the early months of trump's presidency career best there are regularly were threats to the united states. th

across the u.s. midwest scouting corn and soybean pods, looking at the condition of the crop. has gold lost its luster? we dig into gold's yearly decline with bill ryan, founder and ceo of granite shares. ♪ julie: i'm julie hyman, in for alix steel. welcome to "bloomberg commodities edge." 30 minutes focused on the companies, the physical aspects, and the trading behind the hottest commodities with the smartest voices in the business. first, let's kick it off with spot on. joining me is javier blas, who is bloomberg's chief energy correspondent in london. and ashley peterson, senior oil market analyst at stratus advisors. today, the spotlight is on aramco. saudi arabia is delaying plans to take its state-owned oil giant public in what would have been the largest initial public offering in history. now, perhaps, not to be at all or at the very least, delayed. ashley, let's start with you. what do you think is behind this delay, and are there implications for saudi arabia and its production as all --

that is nowhere close to the 639 million cube meters in the u.s. >> in the u.s. model, it is like a factory, a flat plane, as many as you possibly can. >> with hopes to meet increasing gas needs, they have cut the resource tax on shale by 30% and have a subsidy. but there is uncertainty if that policy will continue. >> in terms of the government role, it is pretty backseat i would say. the subsidy is important, but they don't really seem to be doing a great deal. they are saying it is time for you guys to walk in here. >> if shale drilling is going to take off in china, it will be because of lessons learned here in the country's southwest. it is the largest shale gas plain outside of north america. >> it is very important in terms of a laboratory. it is where they learned the trade. in terms of all the new techniques they are trying to learn, and how they improve shale gas production, feeling it is crucial. >> china's energy giants are pouring money into it. they say shale gas investments will reach over 1 billion yuan by 2020. leading the charge on the ground is

the impact on the u.s. economy with the former u.s. trailed rep for china. >> up next, more on the turkey contagion. national australia banks, a possible spillover for major currencies. this is blook bloomberg. ♪ ramy: welcome back. i'm ramy inocencio in new york. haidi: and i'm hide hide in sydney. you're watching "daybreak: australia." let's get more perspective on the crisis in turkey. we're joined by national australia bank head ray. great to have you. what a time to be covering the markets, particularly over the last couple of days. is the correlation and contagion selloff we're seeing likely to abate? at the end of the day turkey is pretty unique in lots of bad ways. >> i think so. it is to some extent. a little local difficulty. has far the contagion been relatively limited. the african rand, one of the more significant currencies under pressure. a few signs of contagion within the eurozone. some of those government bonds and countries where the banking center appears to to have the bigest exposure as far as turkey is concerne

the u.s. plan when it comes to iran hurt the economy hurt the people forced the government to agree to change much of its foreign policy the policy is not regime change but we definitely want to put maximum pressure on the government and it's not just to come back to discuss fixing a deal that's basically not fixable dealing with the nuclear weapons aspect we want to see a much broader retreat by iran from their support for international terrorism their belligerent military activity in the middle east and their ballistic missile nuclear related programs all things around is unlikely to agree to still the partners in the nuclear deal are urging dialogue we really just encourage and united states to start talking to its partners in iran in order to be able to find a route forward the european union is trying to protect its companies taking the unusual step of issuing a blocking statement that says european companies should ignore u.s. sanctions but still car companies drug manufacturers and many

the u.s. -- very dangerous words. the u.s. is dominating and it is hard to say from a geopolitical outlook that things will change. we can demand higher multiples, they are more expensive no question but the market is prepared to pay for that. i'm sorry. i did not mean to interrupt but first, i am going to use some of my ammunition that i could've used for the battle of the charts later. i have a chart that to be fair hillary put together. guy, this is the correct format. this is how you do it. check this out, the blue line here is going back to the beginning of 2017. the blue line is the spread the index,he u.s. surprise index. global it has been very positive since 2017, october, november. it has now come down and is finally in negative territory again. the u.s. is disappointing compared to the rest of the world. whiteile, the s&p 500 in keeps going up. how does this situation sort itself out? does the u.s. have to start to outperform or do you think the s&p 500 is due a little bit of correction? marija: we noted that chart

>> they have to get out of this situation with the u.s. and the u.s. has made it clear top -- time has run out and there is only one way to get out of this and that is to release the u.s. pastor and others the u.s. is calling political hostages. the fact markets are responding so strongly to this shows how vulnerable the turkish economy is hearing -- is. >> elon musk wrote "i am considering taking tesla private at $420, funding secured." makeing private wouldn't sense for a number of reasons. the company needs funding to grow and to go private at $420 a share would probably be a total billion, about $14 billion that he has he would probably finance around the eight alien dollars. $58 importantly, -- billion. he needs to raise money for a china factory, money for the truck. tesla, closing 11% higher, but hardly a straight line up. when you will see is a horizontal line. what happened during the time? >> it is crazy. then theytweeted, stopped trading, then a statement came out about an hour and change after that happened and they resumed trading. he wrot

and the u.s. military says it may resume war games on the korean peninsula that's after president trump agreed to drop the drills at history and summit with north korea's leader is this the end of the fall in relations between the two countries as. well i'm terry martin good to have you with us during the national team coach your humor has been speaking to the media for the first time since his squad's poor performance at the world cup at a press conference in munich today he admitted his own shortcomings including a failure to motivate players who walked into a potential lions den knowing that some media outlets had called on him to resign or be fired after germany crashed out in the first round of the world cup it was given that a contract extension by the german football so. just before the start of this summer's tournaments and the association reiterated its support for him after germany failed at the first stage is now revamping his squad for the start of the european nations league next week

the u.s. and iran, and the u.s. and its european allies. trump threatened other countries seeking to trade with iran, tweeting -- "anyone doing business with iran will not be doing business with the united states." iranian president hassan rouhani has condemned the sanctions as psychological warfare, saying last weeeek he would not begin negotiations until the sanctions are withdrawn. the first step would be for u.s. president donald trump to show he generally was to engage in negotiations to solve the problem. what is the meaning of negotiations when you impose sanctions at the same time? it is like someone pulling a knife to stab a rifle -- rival or enemy and arm while at the same time claim we should be talking and negotiating. the answer in such a case would be to say to remove the knife from the arm and put the knife away. amy: just last month, president trump said he would meet with iranian president hassan rouhani whenever rouhani wants, without preconditions. this is trump speaking at

the u.s. under donald trump is keen on sanctions against other countries from iran to russia and venezuela washington imposes economic penalties over of a variety of issues but due to sanctions serve any purpose and who gets hurt the most this is inside story. hello and welcome to the program i'm fed up there how meet punishing its enemies economically when stopping short of force has long been a favorite american way of achieving foreign policy goals sanctions have been around for decades but came to the fore after the nine eleven attacks on the u.s. in two thousand and one then now again present when diplomacy doesn't work president donald trump has been imposing them more widely and more often their latest one over turkey's detention of u.s. pastor andrew bronson which has triggered one of the most serious rifts with a nato ally but those targeted by the u.s. are hitting back with their own sanctions some of the same level and scale and the list of countries effect is a long. earlier this m

the u.s. has made it clear that a new tripartite agreement will happen to be finished by friday. canada hailed mexico's concession as a positive thing. and be careful. president trump accuses google of pushing biased news. the white house says it is looking. at the social media outlet. ♪ anna: good morning, everybody. it has just gone 6:00 here in london. manus, it is a bit heavy going and the asian session, shanghai composite underperforming a little bit this morning. we want to see some a breakthrough in the trade story, whether it is with canada or something more long-term, or over in china, we will wait to see. on the bond markets, i thought it was worth putting this in, 2.3% is a 10 year yield. movement has been higher in u.s. yields in the past couple of days, influencing what we have seen in the equity markets. some of the rate sensitive stocks dropped in the u.s. yesterday, although u.s. stocks hit yet another all-time high, so be aware of that one. we have the canadian dollar on the

amendment in the u.s. it would be very difficult to repeal and in shrines israel as the home of the jewish people and says national self-determination is the unique rights of the jews it also downgrades arabic stripping the language of its official status now the law is officially largely symbolic it's been widely criticized though as it's believed it will legitimize the treatment of non jews as second class citizens this saturday as protest has been organized by druze community leaders. have historically been considered these early states most loyal group with the sex members serving in the police military as well as holding political office they say you know the legislation has driven a wedge through the special relationship one druze leader has even said the law paves the way to israel becoming an apartheid state this nation state law is an evil and sadistic law designed to allow the state of israel to become an apartheid state some members of the knesset including members of prime minister netanyahu is

because the u.s. and mexico basically drew the line. and understandably for the u.s. and mexico. canada is the number one paying out developing country in the world. they are by far the worst situation. why they would not want to be out is mystifying. there's other ways to do investment protection. if a company wants to go to mexico did an oil or gas, that's a risky business. mexico has a past of nationalizing that sector. there's a new progressive president, then you do an investment contract and in the contract it says that if we have a dispute we agree to arbitration then you don't need open season on all laws to open end this on the shelf. >> does it matter which when they do? >> i feel like there is some certainty that we can say it's a practical matter it's out of nafta. the question then becomes, there is a difference. you're from houston, i imagine the oil industry wants to know if they would have a way to get compensation. that is what the pro- force always says. we need this for compensation

the u.s. dollar moving against the mexican peso. as we said in are headlines, there is nafta news. a nafta deal between mexico and the united states could come as soon as today. they may bring canada back in as well. back to china. good morning. manus: we had a lovely eid break. is the pboc trying to strengthen the yuan? the pboc and jay powell both come together to create this. and magnificent correlation coefficient. the 40 day rolling correlation between the yuan and commodities. the yuan and equities. this is the highest level, the highest correlation we have seen since 2005. the pboc drawing a line underneath the yuan is helping the commodities return. it is helping the equity markets. that 40 day rolling correlation between the u.n., the msci, developed market stocks, is what is underpinning the market. the question is, of course, will that hold? what is it the pboc wants to achieve? who are the policy advisers in the white house that are going to drive the next move? what a thing of spl

to grieve the u.s. treasury said in a statement that the sake of argument would evaluate and make determinations with respect to a significant reduction exemptions but countries seeking such exemptions were advised to reduce the volume of their purchases from the even run during the one hundred a day wind down period critics are saying now champus ethen letting the situation for basically everyone for basically every country involved would you say it's clear that. what the u.s. government ultimate goal is sanctioning iran is. i think that's hard to say clearly washington is intensifying the pressure on iran let's hear what the national security adviser had to say john bolton said that ministrations approach to iran and by the way north korea was the same mexican pressure on both governments to give up their persecutor deliverable nuclear weapons but a willingness to talk to see if the leaders are going to find a way out and a side effect with big impacts would be a rise in oil prices supply would become

the u.s. economy has the best performance in nearly four years >>> canada, cars, and tariffs. last-ti last-ditch talks ahead of a friday deadline. >>> and, quote, treading on troubled territory." president trump delivers a warning shot for google, facebook, and twitter. >>> futures are bouncing a bit between gains and losses today the s&p and nasdaq coming off another record close, as you know investors getting a second read on q 2 gdp revised up to 4.2 economists were expecting a 4. 1% some of the internals are impressive consumption revised down a touch, but corporate profits before taxes full final demand is the best since '06. impressive numbers. >> business spending was one of the reasons. we got a lower energy bill we imported less oil that helped. if you're averaging the first and second quarter together, you'll get healthy 3.2% for the first half of 2018 can that sustain itself? well, president trump said he wanted 3% annual growth. he's on track to get that as long as we continue to s

the miami u.s. attorney's office says that at its peak the bank had more than 1,100 accounts for u.s. clients whorth a total of $813 million. global news 24 hours a day on air and on twitter powered by more than 2,700 journal scompifts 220 countries. this is paul allen. bloomberg. haidi: let's get some more details on this potential trade deal with mexico. what could it mean. in canada in particular. one day after the agreement was announced from minister christopher freeland she and her kournt parts are going full steam ahead to reach a deal. kathleen hayes is watching all of this. and kathleen, freeland sounding optimistic. there's a long way to go yet given just the lack of detail we have even on the deal with mexico. >> well, there certainly is. but one thing's for sure, and that is that this seems to be coming on trade negotiation in warp speed. think of it how trade negotiations usually go. they take weeks e they take months. they can take years. and suddenly it looks like maybe this is someth

i think he's right, the u.s. is a very attractive place to invest, and money doesn't have to be coming from china to the u.s.. people could be deciding, do they want to invest in the u.s.? they want to invest in china? do they want to invest somewhere else? i think the u.s. economy has been strong. if we get in a spiraling trade war, that will not continue to be true. ,he u.s. economy will go down and the argument here is if china goes down more than the u.s. goes down, then they will publicly back away and give in to what the u.s. demands are even though we have made no demands. we have not said we want china c, and if they don't we will impose tariffs. we are just imposing tariffs and expecting them to back down. they are not going to. you cannot publicly confront them, shove their face in it, and give them no way out and expect them to do our bidding. they are clearly going to escalate the trade war if we are going to start one. if they want to start a trade war, get some allies. why are we alienating our alli

has forced the u.s. this way between a military solution and negotiations with the taliban with such hot cold rhetoric from the white house it's hardly surprising the possibility of mediation is taking years to arise it's been quite a balancing act for washington to have the taliban willing to come to the negotiating table this is no talking to the taliban we don't want to talk to the taliban we're going to finish what we have to finish and i want to reinforce to the taliban that the only path to peace and political legitimacy for them is through a negotiated settlement the taliban is a hero of the year you know. if you go for you for the call for the taliban when their choices are to reconcile live in irrelevance or die in september taliban representatives have been invited for talks in moscow alongside to government officials bypassing the united states if successful these could become a step towards the long list cease fire of them all a permanent solution to a decades long cycle of violence something

the u.s. state department says in the aftermath of the election it's received reports of human rights abuses by government forces and zimbabwe we've seen a disproportionate disproportionate use of deadly force against protesters by the security forces which is a. great concern of ours were concerned by those numerous reports of human rights violations sense the elections have taken place about a week and a half or two ago we have received credible allegations of detentions of beatings and other abuses of the people of zimbabwe particularly targeting opposition activists were plenty more ahead on the news al including creating crime or chasing it police in the u.s. city of chicago accused of and trapping young black men the animals at risk of extinction because of a proposal by donald trump's administration. to join the real madrid from chelsea and a mega money dale transfer deadline day. puerto rico's government has acknowledged that harken maría killed fourteen hundred people that is more th

is the u.s. actually -- if the u.s. softens its demand to the panel, could canada give some concessions on the dairy market? what would you think about that sort of dynamic? i don't know that it is a direct quid pro quo of dairy versus chapter 19. but what happens in these negotiations is everything should be put on the table. at the end of the day, there is a process of give-and-take and take. both parties have to accept compromises. the prime minister has already signaled that in the case of dairy, we have a willingness to discuss the issue and find common ground. indeed, in the case of our negotiations with europe, and the case of tpp, canada agreed to concede in those areas. that is doable. what is important for us is ensuring that -- shery: we will have to cut you off for a second or we are hearing from canada's foreign minister. let's listen in. good afternoon, everyone. as we said this morning, we are continuing to negotiate with investor lighthizer and his team. after meeting on -- i will be happy to come out an

the u.s. role in it, are ba in the headlines tonigh a united nations report finds that a saudi arabian coalition may have committed war crimes, as it battles rebels aligned with ira but u.s. defense secretary james mattis today defended ameran support for the coalition. we will examine his comments on yemen, after the news summary. in iran, lmakers largely rejected president hassan rouhani's plans to revive the country's flagging economy. rouhani was called before parliament to defend his policies-- only the second time that has happened. he admitted mistakes, rned against panic. >> ( translated ): certainly, we made and we have made mistakes. we should work together to make up for these mistakes. painting a bleak picture of people's lives wl lead to further darkness. >> woodruff: iran was already inga recession, with r unemployment and inflation and a sinking currency. the situation worsened after the u.s. quit the 2015 nuclear deal -imposed economic sanctions. president trump accused google

now the u.s. security council. to decide whether or not they recommend the international criminal court. will break out of that report to take you live to the united nations in geneva that is the u.n. group of experts on yemen who were releasing their first report into alleged human rights violations let's listen and more not just to give you. when you received their press release that was under embargo yesterday they were sent by rolando this morning it's a vailable at the back of the room you've got an english version a french version and an arabic version of that communique. unfortunately there's a mistake in the figure. of the arabic and french press releases it's the english version therefore is the one to go by if you have it in front of you in the. paragraph of the french version you see if you. think i was. mistaken in english we're talking about six thousand six hundred sixty civilian losses and ten thousand five hundred sixty three and six thousand six hundred sixty civilians killed and

hours before the u.s. free imposes sanctions on iran, tehran is lashing out at president trump for waging war on thehe minds of iriranians. irananian president rouhani accusising the u.s. of lnching psychological warfare on his country. president trump has ordered to rinsing -- reinstate sanctions. also coming up, authorities in indonesia are stretched to the limit as they work to rescue locals and evacuate thousands of tourists stranded after sunday's earthquake or the death toll stands at 98 that is expected to rise. the islands of wally worst affected. plus, a ball of higher on an italian highway. a tanker truck explodes, ripping a hole through an 8 lane overpassss. dozens were injured. ♪ >> it is good to have you with us. iran's president rouhani has lashed out at renewed u.s. ancients set to take effect hours from now. accusing washington of launching psychological warfare against his country. speaking at an interview on state television, rouhani slammed president trump's recent talk of direct talks

but the u.s. also runs the second highest trade deficit with the european union right after china and those remarks on u.s. president donald trump are also aiming a bid at to propose a proposal from europe to actually cut any card tariffs in total and u.s. president donald trump is quoted as saying that europeans have the habit of driving their own and not us american cars and that's why he doesn't see any need to actually cut those card tariffs at all so yes mexico canada this is one side of the story of the european union as are all different one and at this point it doesn't sound too friendly what we hear out of washington when it comes to trade with the european union and if we talk about china next week maybe tariffs on china's growth in the amount of two hundred billion dollars we'll kick off and we await that yes quarter for us in new york thank you yes the international monetary fund says it will work closely with argentina thora teams to strengthen the country's i.m.f. supported economic

, the u.s. restoring sanctions against movers, etsy sharply higher, weight watchers and zillow are getting crushed. we'll bring you interviews from all three of those companies first on cnbc. it's tuesday, august 7, 2018, "squawk box" begins right now. >>> live from new york where business never sleeps, this is "squawk box. >>> good morning welcome to "squawk box" on cnbc. i'm wilfred frost along with andrew ross sorkin joe and becky are off today. joining us for the hour, michelle girard from natwest markets. good morning to you. >> good morning. >> thank you for joining us. andrew, thank you for having me. >> thank you for coming in on short notice, no less. >> >> alwaalways a pleasure. equity futures following a day where we saw slight gains. nasdaq up 0.6% the s&p up this morning the dow is up 76 points nasdaq up about 20

the u.s. on. these remarks behind closed doors to fundraisers become more personal. >> he is building a case, and you will see it one tweet, one appearance at a time. as he gets matter and madder. once trump gets on an issue, he won't let it go. i can almost guarantee we will hear more about trump criticizing jay powell. matt: donald trump has accused china and the european union of manipulating their currencies as he tries to wrestle concessions from two of america's largest trading partners. >> the german or european government are not manipulating the currency. we have a huge trade surplus with the u.s., but on the other side, we have a deficit taking over in earnings from americans abroad into u.s. this trade deficit is compensated. >> president trump's accusation that china and europe are manipulating their currencies may not have been a surprise. he has said similar things before, but it did move the chinese yuan and euro higher against the dollar. good president trump accomplish trump p

the leading u.s. aluminum producers asking washington for relief from tariffs that are said to be intended to help. they filed five requests at the commerce department, asking for the duty on metal imports. three of them are for aluminum it says are unavailable for u.s. producers. two others are from mental that cannot be made insufficient quality domestically. greece has received the final payment in its european union bailout after objections from germany delayed it by several weeks. the stability mechanism paid the equivalent of $17 billion, 11 to meetof which will go its financial obligations for almost two years. the remainder is earmarked for paying down greece's still considerable that. -- debt. a star has formed a coalition. oneparty says it has hundred 74 lawmakers on its side, more than 172 needed for an absolute majority, and it expects to have as many as 182 in the end. to be named prime minister. opposition parties claimed widespread fraud in last month's election. the ceo stepping down f

in the u.s. because you have this enormous financial it reengineering to take all the money being printed and put in the pockets of a few folks and leave the vast majority in a state of zombification this is the collapse gap he was talking about the u.s. and the soviet union both collapsed in the one thousand nine hundred ninety period it just took a stake in the u.s. as he describes it you know longer to realize that a collapse. with r.t. now barcelona is legal messy and real madrid says you're an ass plus other club captains in spain's top football league are poised to go on strike that after the league's officials signed a deal with an american company to play regular games on u.s. soil spanish fans they want thrilled either at the prospect of having to fork out and fly out this election reports. shocker in spanish football real madrid and f.c. barcelona are not loved as much anymore by their home fans the opening games for the giants saw the lowest stadium attendance for both in a decade with

than the u.s. and mexico agreed eventually they cannot just join the same deal the tariffs on products is an example. but we may see shortened strength in the canadian dollar. recent flows have been supportive of corporates buying strong active flows. the data has been good i would also say it will also be most likely an opportunity to sell the canadian data was not pricing in substantial risks, the thought was we would always get a deal >> you say the mexican peso is positive news for emerging currencies is this now a change of fortune for some of these currencies we've seen struggling because of these concerns about trade fears? >> i think so. we started with the market being long em effects and em assets. that was one of the most crowded trade. now positioning is clean assuming that the fed will continue a gradual and cautious approach from now on, which is consistent with what powell told us at jackson hole last week, i think there are em opportunities looking ahead. >> is turkey one of them >>

just says you know the u.s. is prospering and so are our countries and third world countries are slowly becoming more and more you know. psychologically developed yes exactly and so with things i doubt honestly i feel like you know the world is a lot more. you know how small a lot more potential no matter where you go. you're in arizona you are in fear of the federal state see correct us that you're running for the u.s. senate. where are you now in your journey. of empowering women i have been on that journey of empowering women a very long time when i became a civil rights and social justice advocate here in arizona basically i was running organizations going around the state telling people you know about misinformation about muslims or bringing groups together to work on civil rights issues and i think that that's very empowering to have a woman in leadership in a woman taking the lead then you know i decided to you know render us that and so for me at the old man that one is to say that i have the. personal p

of the failure of the u.s. and afghan government usa and international community has made so many mistakes in the course of last when and how big it within afghanistan they have not been able to put policies in place where they can on the confidence of the other one public the government itself has not been able to deliver good governance and they have not been able to respond to the needs of the general public resulting in a loss of public confidence in the government as well as international assistance forces the americans did not work together with the countries of the region the powers of the region such as countries in central asia russia china and then i would then have on a stand to create a set of consensus where we can work together towards stability in afghanistan so many factors coming together that has been reserved. in upsurge of taliban as taliban have been successfully coming forward and taking what e.d.s. . now every call has placed two teenage girls under house arrest after they were detained f

in the u.s. military. there are some coffee this list of when trump pushed the pentagon right under the bus is nowhere near complete so with the space force initiative the u.s. military's well apparently struggling to get its hands back on the steering wheel he says i but he welcomes the advice from the likes of of medicine and pompei o. and bolton who are all considered a war cabinet but he makes the ultimate. decisions when it's time for a decision but when it comes to throwing out ideas that doesn't necessarily mean he's consulted with anybody he came up with the idea before consulting with everybody he made it known publicly and then once he began to get briefed on. begin to understand that the space force per se may not be the way to go although i don't think he's ruled it out entirely. now it has been one year since we first reported on russian speaking children found in iraq in orphanages following the brutal military operation there against islamic state after the report was there we laun

in the u.s. or mexico to receive tax-free status. trump said a try deal with canada is possible, that likely ottawa will have to agree to new terms on the automotive sector. he has put the car industry at the heart of his drive to overhaul the trade pact. president trump: we will start negotiating with canada soon. they want to negotiate badly. one way or the other, we have a deal of canada. it could be a negotiated deal. frankly, a tariff on cars is the easier way to go. the other would be better for canada. we are looking to help our neighbors, too, if we can help our neighbors it is a good ring. >> the u.s., mexico, and canada do more in a trillion dollars of trade annually. all three countries are hoping to finalize a deal. >> let's get the latest from financial correspondence in new york. the news of an initial deal between the u.s. and mexico, what made it look like and what do investors make of it? >> what we know so far, especially in the car industry, more cars and car parts are not supp

that is the back and of the u.s. end of the u.s. curve. yvonne: the trajectory for yields will be up? we are heading to a 5%? are we at that new normal? i am not buying that myself. cleverer man than i am. ,n terms of trade right now reapplying flattening trades between tuesday and tens. and tens. 38.5 basis points. that came down after the payrolls. fairly poor service data came out on friday. i continue to believe that probably goes down a little shorter in the same time. we are looking at a very small size of increase in duration in positions. i do not see the u.s. treasury going up to 5% anytime soon. yvonne: what you mentioned about the renminbi, whether we can actually sustain or stall the decline that we have seen. the pboc did make that action to support the renminbi with the reserve requirements of 20% on -- fx contracts. do you think they'll be effective in stopping this weakness? it has not played out as to what the pboc wants. >> i think it will help the depreciation of the yuan for sure. the move against the rest dollars since

the u.s. will use that as a tool to restart talks with china, but thing that the mexico talks should not be expected to ties with beijing. the optimists are stating that with the yuan seemingly bottoming out with the seven line likely averted, stocks will follow suit. this is what the charges illustrating.you can find this in the gtd library . even with the monday bounce, that is still in bear market territory.the skeptics valuations. bloomberg's chief asian economist said it will take at least a few months for the economy itself to hit bottom and recovering, with earliest indicators august showing more weakness and china's economy, highlighting pressure for policies and policymakers to open up potentially be credit even further. rishaad: sophie kamaruddin there. the peso and canadian dollar, up, after president trump said he is signing a trade deal with mexico and called on canada to get on board. he announced this deal at a hastily arranged event with his mexican counterparts, joining by con

mexico and the u.s what is the next step for the u.s. and canada as we have a framework with the u.s./mexico agreement? >> they need to bring canada back into the fold that's supposed to happen this morning. canada's foreign minister is supposed to be back in washington today to resume talks trilaterally if the u.s. is not able to make headway with canada and there are still a significant number of issues on the table relating to dairy, golf prompt pt governn procurement it will be difficult. they will have to get congress and industry groups to accept a two-way deal with mexico, when all the time they said they were negotiating a three-way deal >> do we get a nafta that maybe gets everybody in the fold if certain things are agreed on how long would that take >> we can get there. that's what the administration has been pushing for that's what all three administrations have been pushing for for more than a year now in these negotiations. how long it would take it will be tricky. the trump administration, the trade adviser indicated yester

which the u.s. is holding the keys kremlin agent. we speak to her lawyer. very difficult situation particularly for someone like her or someone who out of the government spending a day in jail or a life to be. a pretty tough sort of. us turkey tensions get worse as anchor of one's relations have come to a complete halt. the syrian city one of the worst hit by the war is undergoing extensive reconstruction after years of conflict. hello there the latest developments and a look back at the last seven days to you watch the weekend here on r.t. international. now this week there was another twist in the latest alleged russian spy scandal in the u.s. the russian embassy in washington says that maria big is being subjected to conditions that are tantamount to torture she's been charged with being an arm registered foreign agent recently transferred to a different prison meanwhile a crowdfunding campaign has been launched to pay for her legal fees her lawyer. on her condition. i was unaware that she was tr

border into the u.s.? ms. thompson: we say it all of the time. brian: what are they say? ms. thompson: what they say, rightfully, is they cannot restrict the free movements of their people, just like we would not want the u.s. government to restrict our free movement. but they have been helpful to the u.s. and trying to stem the flow of central american migrants into mexico and into the u.s. mexico has very tough immigration laws and deports large numbers of central americans every year. a lot of the central americans do not mean to stay in mexico. they are using mexico to get to the u.s. so mexico is a partner to the u.s. in trying to stem the flow of third-country nationals into the u.s. stopping mexican people from moving is not something they can -- is not something the mexican government can easily do. they do respond and they do want to be helpful in ways they can. they have tried and they have put money into it. we have given them money to help. again, the two countries are partners. brian: how man

the u.s. secretary of state mike pompei was formed a special group that will coordinate washington's policy on iran that says it continues to pressure the country with sanctions the head of the iran action group will be brian hook the state department's director of policy planning he says the u.s. is prepared to sanction any country trading with around in our sanctions regime yes we will we are prepared to impose secondary sanctions on regimes i'm sorry on on other governments. the continue the sort of trade with iran or those sanctions will come into effect on november fifth those will include sanctions on iran's energy sector transactions by foreign financial institutions with the central bank of iran iran's shipping and ship building sectors among others. the first rounds of new and here on sanctions were enacted earlier this month after president trump announced u.s. withdrawal from the iran nuclear deal the sanctions prohibits iran from using the us dollar and mistreats trading in preciou

. >> a look at the u.s. futures as well a mixed open by the looks of things the nasdaq is the only one looking to open higher heineken is seeking to tap up the chinese market the company announced a 3$3.1 billion deal with china resources beer that dollar amount represents 40% stake in the hong kong-based brewer and will give heineken a strong distribution network in china. the deal will require antitrust approval from the chinese government and is expected to be completed by the end of the year to talk about this in more detail we are joined by trevor stirling he joins us now. the heineken chief executive told cnbc this week that the company was always on the lookout for acquisitions this is more of a retreat from china rather than acquisition, isn't it >> i would say it's almost like an asset swap. they have their own small loss making completely owned business they are doing a good job from a small base, but probably wasn't going to achieve much. what they have is basically an expensive long-dated option.

the u.s. department of the treasury, chief economist of the u.s. department of labor, and vice president of the american economic association just last year. please welcome doctor krueger. [applause] >> thank you very much. glad you invited me à [inaudible] we are meeting at a time when the unemployment rate is down four percent, economic growth for the second quarter looks like it could be around four percent. there are many reasons to be concerned about the state of the job market. wage growth remains too low. wage growth is barely keeping up with inflation. laborforce participation is too low. the u.s. has the second lowest laborforce participation rate in the la cd second only to italy. and third and most important, the economy is not generating enough opportunities for middle-class workers and for workers for more disadvantaged backgrounds. these problems have been with us for a long time. and the strong economy helps but it's clearly not sufficient. and when the economy turns down again