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the sanctions as psychological warfare, saying last weeeek he would not begin negotiations until the sanctions are withdrawn.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

moves, if the u.s. moves into a more high key profile, there will be a vacuum that needs to be filled area working on environmental law legislation, drafting. in cambodia, or in vietnam. that is the scenario that taiwan is expected to. that is so metoo capacity building, low-key zone. that taiwan could again, engage in. last comments on good for the u.s. zynga for southeast asia, is on people to people exchange. chinese --hed china's move, there's been a huge volume of frequent people to people exchanges. whether it is educational, business to business, they are happening all the time. wideis creating a deep and web of networks between china and southeast asia. i don't think so they bad thing. time, we're not quite sure how there are people to people exchanges paying off. as, taiwan and even the u.s. is considering reaching out to southeast asian countries. the countries are saying we need more of these people to people exchanges. that is how you foster this environment or it i think it is important to

u.s. sees evidence of change. hurtng says tariffs everyone. a very good morning again and hello to all of the global viewers. looking at what has happened the past 24 hours, there is a trade for pain, and there is a trade for earnings. we saw that pushed back and forth in terms of equities. we started low but ended up mixed. we seek we don't know it is when -- where it is heading. a lot of central-bank action out of the bank of england. in terms of what is happening, the central bank is trying to figure out the drivers that are trying to come out from wall street as well. this was surprising. maybe we will get another rate move out of mark carney. you spoke about the pain trade. if you look in -- listen to wilbur ross, he said putting beijing in that position of pain hopefully from his point of view, the trump administration's , they will get them closer to economic reforms. that is a long-term game. they the question is if could relate debt there. let's get you caught up with what has hap

japan realizes -- but the u.s. if the u.s. decided to leave the region, what japan can do is very limited. also why japan is not , so frustrated, sometimes described as an isolated partner of the united states over north korea? the reality is actually that what japan can do to the north korea is lenient. and what japan cannot see in the negotiation between the u.s. and north korea is to extremes. -- two extremes. one extreme is war. or conflict, military conflict. japan is afraid of the other extreme. too much competition by the u.s. the starting of a nuclear --. and the starting of a nuclear arsenal. even such a scenario realized, alternative for japan to take. what japan is trying to do is maintain ties with the united states and try to favor international liberal order. that is probably several things. very interesting. [indiscernable] which i belong to has been working on the promotion of -- exchange between japan and --. [indiscernable] and promoting asian nation stability and prosperity. and in that context, a very inter

the u.s. sanctions against iran which should just come into force have seen a spike in oil prices with analysts predicting the upward trend will persist with the u.s. preparing to impose yet more sanctions the iran's second largest trading partner has shown it's ready to protect european companies doing business with tehran. we are determined to protect european economic operators in legitimate business with iran this is why european union's updated blocking statute enters into force under seven of august to protect e.u. companies doing legitimate business with iran from team pact of u.s. extraterritorial sanctions we believe that it is and it has to be up to. the europeans in this case to decide with home to trade while the first round of sanctions prohibits iran from using american currency and push restrictions too on creating precious metals and also includes limiting rainy and currency flows as well as constraints on the car trade smear a car looks at the kind of impact u.s. sanctions hav

new u.s. sanctions on iran are in force there the first round of measures against iran after president donald trump rene exam the two thousand and fifteen nuclear deal iran's president is accusing washington waging psychological warfare of sanctions are likely to weaken iran's currency which has been in freefall since trump's decision but also blocked iran from getting access to american dollars the u.s. has stopped imports from iran including food and carpets the sanctions also limit iran's ability to buy raw materials like steel and coal as well as precious metals in november more sanctions will kick in they'll include measures for civically targeting the oil sector and foreign banks that do business with iran kimberly healthcare reports from washington d.c. . the united states says iran is a threat and it wants to punish the country's government by isolating it from the global financial system starting tuesday you. u.s. sanctions will be reimposed to target a range of sectors blocking iran

the u.s. and china countdown to tit-for-tat tariffs. we will see billions of dollars of goods on both sides. washington is warned against further escalation. ramy: i am ramy inocencio in new york, it is just past 7:00 p.m. on sunday. markets set forth a mixed and muted start. traders looking ahead to the meeting at jackson hole. elon musk says this is the way im and rejects calls for him to change and the way his company operates. ♪ ramy: good morning, happy monday. looking ahead to this week, the biggest events is what will be happening with the trade tensions and negotiations happening between the u.s. and china, we have low-level ministers from both sides, as well. they are potentially paving the possibly inmmit november. yvonne: everyone expecting that maybe not so much a breakthrough, if we can get some illumination of further tariffs. the u.s. has threatened more for later in the year. we mentioned also jackson hole, the central bankers meeting on the break. it will be interesting to s

what it really links to the u.s. economy the u.s. is still the biggest and most important economy in the world to assume a certain extent we all have to dance to the u.s. is chewed the trade issue is much bigger than the sanctions issue we worry over here in europe a lot about trade wars of course we're in some thirty percent of our g.d.p. from exports the u.s. it's some fifteen good news is the u.s. and e.u. seem to have seen signed some kind of truce since the younker trump meeting some two weeks ago now we have to focus on the u.s. china issue latest news there is there's no real progress so we could see some more escalation of the trade war between the u.s. and china that will be tough for markets to deal with. bearing that bank in london well saudi arabia does not take kindly to being lectured on human rights by other nations canada recently plunged into a diplomatic spat with riyadh over the release of saudi activists from detention in germany stands to lose out on new critics business contracts in the kingdom following critici

is the u.s. economy vulnerable? italian bond investors run for cover ahead of what is potentially another month of political -- political turmoil. we start with the big issue. paying in emerging markets. >> emerging markets has been hit quite hard. >> globally quiddity is actually on the retreat. that will definitely lead traces in emerging markets. >> some of them are in good shape, some of them are not. tarred by theeing same brush. investors who are careful about looking for the nuggets are going to find some really good opportunities. >> you do see some selective value there. what has hurt the emerging markets has been the strong dollar and the fed tightening and higher u.s. interest rates that has caused capital move out of emerging markets into the u.s. but the point is that a lot of thethe dollar strength, most of, who knows when the dollar will take? a lot of that has happened. >> we will see points in time where investors start splitting their interest between the good, bad, and ugly. with regard to emergin

doesn't enter u.s. corporations and particular don't enter like africa and we're going to talk about african the second half so they're looking at places that the u.s. is not already powerful and like mexico like canada you can't really compete with those united states there. you know so they're they're they're building and they're executing their trade deals in places that like for a long africa these are not places that u.s. corporations are very active in but this is a way for them to continue to build their technology their innovation their you know first mover advantage of course the extractive industries like mining minerals energy or a what drove the debt and financial revolutions of the past few decades but we're entering now into a purely digital economy so these. areas that you mention there like sri lanka it is nothing to extract from the. core of the earth and run away with but they do have brains they have people and they are connected to a global network and they will be part of chinese in

and to my u.s. government colleagues here on the panel and also in the audience, want to thank you so much for all of your work on the conventional arms transfer policy. the association has been working on this particular item for a number of years now, and please understand that aia and its member companies as well as the 2.4 million aerospace workers across this country are appreciative of your efforts to date. i'd also like to call out ambassador kaidanow. she's been a stalwart for a number of years. her team has been absolutely outstanding, and so laura's presence here on the panel should not go unnosed. -- unnoticed. they have been at our call, very responsive to issues that we bring to them. want to really thank you for that opportunity. want to very quickly go through a couple of things. the first is the strategic linkages that andrew spoke about. the second i want to talk just a little bit about what the aia recommendations were for government action, talk a little bit about the country rela

in the u.s. has suggested they may restart large scale military exercises with south korea what do you make about well it is about sign as as you suggested at the same time most of the quotes from president trump the suspension. one sided yet a rather surprising suspension that we had of this what would have been the some us exercises was always conditional only denuclearization process talks going well they're not going well korea hasn't really conceded anything at the moment. not really a surprise that said nothing is imminent or the next major exercises would be in march and april so there is plenty of time to put the train back on the track before that which i very much hope will happen so this is clearly a step back and diplomacy between the u.s. and north korea where does this leave relations between the u.s. and south korea. in a difficult place also because it's important to be aware that while the u.s. and north korea is obviously a very key new relationship good or bad of the nuclear is

it is because of those geopolitical issues, u.s. china -- u.s.-china, u.s.-turkey. the euro down by .3%. kronethe krone of the -- that is leading. we have bond yields declining in these countries. that is gmm, our wonderful function. let us see if we can move on to our next front should -- function. it does not seem like we will be able to. we will go to you, and go back to me. it seems my clicker has stopped working. fingers crossed that things will be operating as they should be. we see movement on the trade front and as we get to the end of earnings season. earnings have shown that her growth and continuing strong growth. materials doing best, and that is after we have speculation on the part of traders that china will come in with some sort of economic stimulus. traders will be up for discussion and or -- or imposed. we've seen a lot of metals on the rise. we will get to that in a moment. gains, even 500's though it is a modest one, it is getting ever closer to re-attaining that record level that it last reached back in january. to nasdaq has gotten back record

so the contrast between u.s. high-yield or u.s. equities is relative to emerging-market equities or emerging-market fx or credit. it's extraordinary. and if you have any bit of faith that the trade issue will get resolved without too much trouble, the value of these assets is extraordinary. jonathan: mary, the way people are thinking about it the last few months, the u.s. was the best house on the street. the economy look strong and everything else looks weak. buy america. do you see as entering a bit of an inflation point where you can get a policy tailwind from everywhere except the united states? mary: exactly. when i came on the show, we saw a decent amount of spread widening in a june in emerging markets versus u.s. high-yield. we haven't been jumping up and down about valuations in u.s. high-yield. they have been in quite a tight range this year and we expect that to continue. when emerging-market high-yield bonds widened out close to 150 basis points versus u.s., we started to cover some of that underweight. now, we have not

because the u.s. should well know they should know that war with iran is the mother of all wars they must understand this that it jagoff. hopefully at peace with iran is the mother of all peace they have to get that. also coming up venezuela's president says a drone assassin tried to kill him last week you. know not a good bit of chemical nomi enough as. a weapon of terror flying in the sky i'll ask the man who's been called the world's number one wrong expert. we begin the day with the same sions that went away and trump is now bringing back the united states is said to reimpose saying sins against iran's government tonight of this unilateral move is a direct result of washington's withdrawal in may from the iran nuclear deal which was known as james c.p.o. way tonight it is unclear what the u.s. president hopes to achieve with these new sanctions on monday the white house said that the sanctions are meant to change the iranian regime's behavior not topple its leaders last week trump surprised his ow

new u.s. tariffs on sixteen billion dollars worth of chinese products they come into effect in beijing responds in kind is there a way out of the race also coming up. caution about one of the biggest company listings in history the saudis insist iran close i.p.o. will not speak. and how a dressmaker from broadway is helping to transform the lives of migrants in italy by turning them into. this is your business update i'm having a home for in berlin thanks for joining me the u.s. has slapped a twenty five percent tariff on sixteen billion dollars worth of imports from china this is a second round of tariffs in response to what the trumpet administration calls beijing's unfair trade practices well china reacted swiftly with its own high tariffs on over three hundred american products as the trade vicious circle continues its dangerous downward spiral. new negotiations couldn't prevent the latest turn of the screw so far the u.s. and china have each imposed import duties on goods worth around fif

>> 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 four other people the u.s. is calling political hostages. the fact markets are responding so strongly to this shows how vulnerable the turkish economy really is. >> elon musk wrote "i am considering taking tesla private at $420, funding secured." is going private real possibility? >> going private wouldn't make 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 of $72 billion, about $14 billion that he has he would probably have to finance around $58 billion. million --raise $2 she needs to raise $2 billion for a china factory, money for the truck. >> shares of tesla, closing 11% higher, but hardly a straight line up. what you will see is a very unusual horizontal line. what happened during the time? the stock was halted from trading? >> it is crazy. elon musk tweeted, then they stopp

u.s. sanctions will have a deadly effect. the collapse of part of a dam in me and maher has unleashed a giant waves of water and force the mass evacuation of villages and towns more than sixty thousand people have had to leave their homes and major roads have been flooded rescue teams in the military have launched a huge operation lawrence louis begins our coverage. this is the swatch town dam in central myanmar the spillway of the dam collapsed early on wednesday morning after days of heavy rains sending torrents of water into nearby towns and villages in some places the surge of water reached nearly two and a half meters the military the police and the myanmar red cross are taking part in the rescue and relief efforts and. the water came so far into our village and we didn't have time to run we have never been flooded before nothing like this has ever happened the rains don't cause flooding here. eighty five villages have been flooded and more than sixty three thousand people affected fo

u.s. trump versus google. he accuses the search giant of pushing biased news. they are in trouble territory. ♪ nejra: welcome to "bloomberg surveillance." let's check in on the markets. we have seen a fourth day of gains in asia come in with a little bit of a mixed session in asia. the s&p 500 yesterday oscillating. we see some muted gains in 0.2%., the stoxx 600 up the trent -- 10 year treasury yield in the u.s. moving towards 2.9%. the 10 year treasury yield is actually heading for its tightest quarterly trading ranges since 1965. that is something worth talking about. we are keeping an eye on btp's. it was heading a little bit lower earlier. we have had some reports in the -- that the italian government is seen reaching out to the ecb for a new qe round. we have seen a little touch of softness in the euro in the past hour or so. onare also keeping an eye one of the worst performers in the stoxx 600 session. it is moving from great too good. we have seen this hit its lowest lowest in s

and that is a soft spot for the u.s. wanting to be -- of the u.s. wanted to grow the economy in that area and energy exports. so, there was a clear message from china by revising the list that we are not going to go after just the piddly items, but some of the stuff that will be a centerpiece of the u.s. economy. but they did say that this isn't passed the point of no return and that we could see this rolled back, but it is up to the u.s. to start that process. >> the russian ruble plunged to a two-year low after the united states announced new sanctions on russia to punish the kremlin for the nerve agent attacking the u.k. earlier this year. the sanctions imposed under a 1991 law on the use of chemical weapons limit exports of u.s. technology related to national security, but exempts operations on the international space station. give us a sense of the reaction of moscow to the new sanctions. >> it has been tough for the russians because they have had warm words from trump about putin at the summit in helsinki last month, and it seemed like things

if you look at the u.s. dollar on its own, the u.s. treasuries shorter and of the corporate bond curve, you will gain -- getting paid a reasonable return. i think that's the right thing to do. the history emerging markets has been boom and bust. that is what it has. all of the big long-term story about -- the facts are, a gaza because down. the moment it is going down and wait to be patient. aboutyou can still lose a considerable amount of money as investors have done this year. if there is a crisis, a bang as you put it whether it is in turkey or elsewhere, is that going to take the rest of the world with it or can it be fairly contained? muchthink there is not as synchronize containment. on an immediate trading day or week everything tends to go up and down. over a longer time scale of a couple of years, i don't think it has quite as much impact. i think one can afford to say it will be a buying opportunity. if we are looking at em, which ones what i be looking to reengage with, i like latin america. see some reasonably pro business

well certainly the u.s. side is optimistic and canada is taking this seriously the foreign minister and washington to get down to the sort of nitty gritty fine details of the tocs the topic anomic advisor for the trumpet ministration speaking on the morning chat shows here in washington saying that what this is really about is is china well we've now got a kind of a bilateral agreement within the trilateral arrangement of the north american free trade agreement or nafta what mexico and the united states agreed to is that particular what comes the auto sector cars seventy five percent of them will now be guaranteed to be made in the united states or mexico and the reason that they've done this and put this commitment forward is because the concern that china is flooding the market with cheap parts and that is hurting both countries so this is the argument that the u.s. is expected to lay out to the canadian side look at this benefits you as well this is why you need to sign on and certainly canada has signale

the u.s. will continue with the one plant you mentioned underway. >> you know, i think each individual company is having to evaluate this and make decisions on how to respond. as far as i know, those plans are still on track. but it is causing and creating a lot of uncertainty in this environment. and so, i think my company as time progresses are getting more and more anxious about this you know, the potential for increased tariffs and we will have to shift appropriately. we certainly were encouraged by the u.s. announcement last week in hopes that that can continue to de-escalate some of the tensions between both sides but i don't have anything specific to say on individual company plans. other than they are all individually evaluating it and you know i think we are hopeful that we can, we can get to a point where we are expanding market access opportunities and the threat of tariffs is off the table. >> if you can provide more information of what might've prompted the administration to launc

get the u.s. out of syria there are elements within the u.s. government that don't want that to happen meanwhile syria's foreign minister claims the controversial group of the white helmets has kidnapped forty four children damascus has suggested that the youngsters might be used as part of a possible false flag attack in italy the moscow also believes the white helmets are assisting with a large supply of chemicals being moved to the area the white helmets which calls itself a rescue group has been accused of having a links to extremists something that they deny political activist and outspoken british rock musician roger waters from pink floyd who has long been a vocal critic of the white helmets shared his thoughts with r t is currently in a rush on tour and spoke at length with archie's shevardnadze. if there is a grassroots body called the way home and it's of foreign tears. separate for the people who actually start it in istanbul it was it didn't start syria was started by an english it soldier. in istanbul but if that body exists. and t

u.s. and mexico but will it replace nafta and will candidate be left out in the cold we'll get the latest from wall street's also coming up next a makes millions from the water at pumps and then bottles from wells in north eastern france that the source is running draw it for the residents of detail so border is its. base is your business update i'm helena humphrey in berlin glad you could join me the trumpet administration and mexico have reached a preliminary deal to replace the north american free trade agreement that's according to the u.s. president now donald trump has been a harsh critic of nafta calling it a job killer saying it encourages u.s. companies to move production south of the border to exploit low wages when it comes to the new deal trump says it will help manufacturers and farmers on both sides of the border. donald trump welcomed the overhaul of the twenty four year trade pact as he suggested a new name for it if canada is not included in this thing. this is to do they

the death of the u.s. senator john mccain. >> welcome to viewers here in the united states, and around the world. john mccain served in the u.s. senate for more than 30 years, six terms in that term and many people in the u.s. and around the world know this man by that nickname, the maverick. >> that is right. absolutely. >> senator mccain passed away on saturday afternoon. he was at his home near sedona, arizona, he was surrounded by his family in his final hour. >> he just recently discontinued treatment for cancer. people knew that this moment would come, but still, it did not make it easier for the many who knew him, who admired him, and who loved him. his senate colleagues remember him as a giant. politically conservative, but fiercely principaled and independent. >> and mccain's absence was felt this year in the u.s. senate due to declining health. a true warrior though, until the end. he battled this aggressive form of brain cancer that was first diagnosed back in 2017. mccain served as a u.s. navy

>> to be born a u.s. citizen, to be an immigrant that is naturalized, and -- >> what would be the third one? >> to be freed as a slave? >> that's one -- there's a kind of job lot that falls into this third category. one of the ways, as you said, to become a citizen was to be born a u.s. citizen, to be born in the united states, to be a citizen at birth. the other was to go through the naturalization process. the third included emancipation, but it's not only that. there are other people who become citizens through other mechanisms. this is a tough question, i know. yes, back row. >> isn't being with a woman and being married to a citizen. >> well, you can acquire it that way. it's sort of an odd -- as we said, women have a kind of nebulous citizenship. women can also lose their citizenship by marrying foreign men. yes? >> i know the third modern is to be born to u.s. citizen parents in a foreign country. >> but that would have been similar to being -- it's the identical legal status. you are born a u.s. c

doesn't seem to be able to put or put any influence on the u.s. government the u.s. government is refusing to sign any kind of waiver which would exempt total from being exempt basically from the oil and gas stations that are kicking in in november now for that company at this there's a reason that they're reacting this way by chickening out very very quickly and getting out of dodge or in this case they ran and that would be the fact that billions of dollars in that company and their assets are actually us without ten billion and the fact that ninety percent of the loans that they have are from you banks so they are obviously highly vulnerable to these u.n. sanctions and for a company like that is that it's a major oil producer of major company in the game they don't want to have anything to do with any type of penalties that may be incurred so they're getting out of their air but they're bolting you know it's so interesting alex and we've talked about this a number of times i mean right when the u.s. said they're going to pull out and then impose additional sanctio

u.s. mexico trade deal donald trump says it replaces nafta id hopes canada will join. meanwhile the trumpet ministration bows to going criticism that it hasn't done enough to honor the late senator john mccain. and france's president says it's time for europe to stop depending on america for its security. welcome to the news our united nations investigators say mere miles top military general should be investigated and prosecuted for genocide the recommendation is included in a fact finding mission report it concludes at least ten thousand people were killed after the military launched a crackdown on rohingya muslims in august last year hundreds of thousands fled across the border into neighboring bangladesh from june reports. the un says military commanders in me and more should be prosecuted for genocide against the real hinge or following their recent fact finding mission on me and more three investigators presented their report in geneva on monday. included among the findings that me a

u.s. and mexico prime minister justin trudeau says progress is being made on monday u.s. president donald trump announced a new deal with mexico that could replace nafta he says it will go ahead with or without canada and he warns that canada will face tariffs if it doesn't join the new product. we will as we have done this negotiation stand up for the canadian national interest and fortune in value while the team for here he is clear we can find it on for everyone to listen. has more now from toronto. several very tricky days lie ahead for the canadian trade negotiators in washington d.c. the foreign minister chrystia freeland has gone there to lead the team and the people that have been working with her on this file throughout her also there and they'll be scheduling sessions with the u.s. and mexico in the coming days and friday's the deadline let's not forget there's a fairly tight deadline here assuming the canadians stick to and the prime minister justin trudeau has been speaking abo

u.s. sanctions mean that as a u.s. company knight cannot supply shoes to players in the iranian national team at this time sanctions applicable to have been in place for many years and are enforceable by along with the us threatening further sanctions even more american and european companies appear unwilling to deal with iran and that's despite the fact that since the trumpet ministration sanctions announcement e.u. officials pledge to support and protect european business it's true that new job will put to work as the european commission we have the juicy to protect european companies so we know me to act. we are determined to fight so that the decisions taken by the united states have no repercussions for the french businesses that invest and have invested in iran top u.s. officials even wrote a letter pleading with the u.s. to exclude european companies from the penalties in the state department's response it's our way or the highway we are asking every nation every nation who is sick and tired of islamic republics

with the u.s. vonnie: what is visible from the voya that the rest of us are talking about? barbara: an oil shock, anything that would be a significant hit to corporate earnings or along the lines of a cyber attack on a major corporation. things of those lines. we do think trade talks are going to grab a lot of the headlines the next couple of months. vonnie: thank you for joining us, barbara reinhardt, head of asset management at voya asset management. be sure to watch our special report of the fed decides at 2:00 p.m. eastern time. let's check in on first word news. here is kailey leinz. kailey: china says that trade disputes can only be resolved during negotiations and blackmail will not work. the u.s. wants to ratchet up pressure on china to resume trade talks. the trump administration may more than double its planned tariffs on $200 billion on chinese imports. beijing is waiting on the u.s. to take action before it unveils its next move. the u.s. and mexico are close to resolving one of the big

u.s. trade negotiations produced no breakthrough and we are not seeing much of a move in other asset classes. we will show you that. the cash trade is less than 30 minutes away. guy: china-u.s. trade talks continue without much progress. $200 billion of extra trump tariffs looking inevitable. trump offers to buy italian bonds. it is reported the president made the offer to conti where they met three weeks ago. how would that work? the fed's chairman speaks at jackson hole. will powell say he is worried about what is happening to the rest of the world economy? he speaks at 10:00 a.m. eastern time. matt? matt: that is something we are all going to be glued to, especially u.s. traders, since that is 3:00 p.m. london time and it is friday. most british bankers will be off for the weekend. less than half an hour from the european open. the start of stock trading. look at futures. a little mixed trade with ftse futures down, dax and cac futures up. treasuries, little movement there. i have my th

the u.s. in march the u.s. expelled 60 russian diplomats for the poisoning. even as the administration has taken action, the president himself has continued to make overtures to the correct lynn. -- kremlin. he sent letters regarding rand paul who was visited moscow. last week at campaign rally in pennsylvania, mr. trump touted his relationship with the russian president. >> but i got along great with him. >> but earlier that day, top administration officials said russian attacks on u.s. elections are continuing. >> we continue to see a pervasive messaging campaign by russia to try to weaken and divide the united states. >> the president and paul discussed at the white house the president's upcoming trip to moscow, and the president approved of the introductory letter that he sent to putin. that letter sought cooperation from russia on terrorism, ukraine, and syria to conflicts where u.s. and russian interests remain at odds. major garrett, cbs news, berkeley heights, new jersey. >>> in califo

and u.s. security simply has a different. as american border forces are more focused on drugs coming in then weapons going out traffickers have adopted their business model. official data about trafficking is hard to come by but some us have come to attention such as this store chain called academies. it keeps coming up as a purchasing point of weapons that have been trafficked to mexico u.s. agencies are limited by law as to what data they can publish but in two thousand and eleven a spreadsheet with thousands of gun traces and academy sports features very prominently academy school it comes up a nearly one hundred traces some link to weapons recovered from the. now because the data is a bit old also conservation court documents and academy sports has come up again as a place where u.s. agencies have mounted an undercover investigation into the illegal sale of firearms . academy didn't respond to our interview requests but has denied any wrongdoing in previous statements adding that they have removed tactical weapons from op

u.s. space force but at what cost to the u.s. taxpayer? lauren: dow 74 points yesterday but the nasdaq ending higher for eighth session in a row. cheryl: today new worries rattling markets, down 20% this week, futures feeling the pressure. the dow down 105 in premarket. s&p down 13 and a quarter, s&p down 36 and three quarters. lauren: central bank wants to look at european exposure to turkey's troubled economy. cheryl: stocks in asia mostly lower with japan's nikkei down and kospi index nearly down 1%. lawyer -- lauren: how about gambling with barbecue wings, one restaurant wants to serve you just that, fbn:am starts right now. ♪ cheryl: 5:01 a.m. in new york, august 10th. lauren: happy friday, good morning, i'm lauren simonetti, barbecue wings, big plate sounds amazing. cheryl: football, sign me up. we will have the story later on. lauren: are you ready? cheryl: for fowbl i was waiting two months ago. the trump administration has announced plan for new military force to protect u.s. in

but also on the u.s. side, we are financing alibaba and baidu and other chinese companies fact inquiring key technologies from the u.s. we are using the markets to finance the degradation of our strategic technologying advantage. lots of money in the index funds are indiscriminately buying into stock manipulation and frauds, once again transferring i.s. wealth. fourth leg is in hong kong where we have seen companies that receive illegal state subsidies to dump their products in the u.s. are committing significant stock fraud to lure western money into the equity markets to provide a further subsidy to help dump their product. so those are the four areas i can see from my perch. maria: the administration has been using tariffs as a way to get china to stop its behavior in terms of stealing i.p. and forcing the transfer of technology. and chain today is retaliating. are tariffs the right tool for this administration to use to get china to change its behavior and bad practices? >> my view, that's not going t

u.s. circulations and the war of mutual sanctions. this event is on the record, it will be on social media and we have c-span live streaming the event. it's also on live stream of our website and i want to welcome everyone who is joining us online to this afternoon's important conversation on what lies ahead for the u.s. turkey relationship. we put together a great panel for you. with change their seething order. i will go from my immediate left, steven cook and senior fellow for the institute alumni and the expert on arab in turkey politics. the struggle from egypt, the book award gold metal and 2012. >> not my recent book, but thank you for mentioning it. >> amanda is next, good friend robert is a senior fellow in the center for united states and europe and her areas of expertise are turkey and southern europe, she has served for nearly ten years and u.s. government, she was previously deputy assistant secretary with cyprus, greece and turkey. max is an associate director of national sec

put u.s. base presence in turkey at risk put a nato ally alliance with a nato partner at risk for one american who's being put through the churches just so you're saying this is our fault turkey is the financial situation has been in the works for quite some time and it dates prior to the imposition of sanctions on august i believe was august the first so this is been in train for quite some time and even up when the u.s. government for that but then all of a sudden stepping in on the side is qatar which has suddenly approved fifteen billion dollars in aid to help prop up the turkish economy i think it's one quarter now takes a look at how the decades old alliance between the u.s. and turkey spiraled to this point. country was built the entire entire if so now leading us to great new trade deals as opposed to the horrible food trade deals the drawing heritage as your president of the country should not be allowed to come in and steal the wealth of all great you and me. what countries could he

acting as a bully regarding the u.s. dollar financial system could ironically end up helping workers in the united states that's right do u.s. dollar being dropped into the reserve currency and so you titanic shifts are tectonic shifts i should say in the global economy and one of those would be use of alternative currencies again i think it's end up being better for the average person if any letters predicted this predicted us but what i'm saying is that i have lived in europe and i could witness with my own two eyes the life the lifestyle the the quality of living of the ordinary european is vastly superior to the lifes. the ordinary american and part of that they used to have as miserable an experience you could see that in europe before you know when they had empires once they got rid of the empires their lifestyles and their living standards have increased rapidly i think if you could see it across paris for example if. before that the lifestyles in europe are vastly improved because they don't pretend to be empires

state of florida u.s. national security adviser john bolton push back on that accusation just a short time ago there was no u.s. government involvement in this at all just within the past couple of hours i've spoken with our charge a in caracas the head diplomatic official down there he and his staff arrived much of the night making sure that americans in venezuela were safe as of now now with respect to what happened last afternoon look it could be a lot of things from a pretext set up by the majority in itself to something else now let's take a look at how the alleged attack unfolded as venezuelan president maduro was speaking at a military parade in caracas. mud ruined food flow suddenly cut short. this footage broadcast live on state television shows the moment when an apparent explosion rocked a military parade sending hundreds fleeing on foot. the government declared it in assassination attempt. which i don't want to see on explosions were heard which we have established as coming from multiple drone

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

inspector from the u.s. state department both have the same goal to make sure there's never another diesel scandal at folks wagon but in the first interim report of the so-called v.w. monitor there continues to be deficits for example not reporting new emissions tests to the u.s. authorities transparency to which v.w. is committed itself according to the auditors commentary we're not there yet but we're in a i think a very rigorous and professional review process and. at the end of at the end of the order term and at the end of the monitor ship term we will have more to say about that according to thompson it's still too early for more evaluations the three year oversight process is only in its first year for a long time none of you w.'s employees were fired in the diesel scandal but vokes wagon is now taking the americans criticism seriously in the hope of soon fulfilling the conditions of the settlement with the u.s. justice system that's been done and then in the remaining eighty percent of the time we ha

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

china and the u.s. will hold lower level talks later this month and a bitch to resolve the it's escalating trade dispute the chinese promise ministry said a delegation led by its vice commerce minister will meet with an american group led by the undersecretary for international affairs at the department of treasury the chinese markets and currency have suffered losses in recent months investors have been spooked by washington and beijing's to attach terrorists. the chinese economy has lost steam in recent months washington's tariffs have put a damper on investor sentiment since the last trade talks between beijing and washington in main the shanghai composite has declined more than ten percent and the you won has been falling to the chinese currency has slumped over the past few months it has fallen more than eight percent against the greenback since last may but the you once fall has also helped cushion the effect of terrorists by making chinese goods cheaper that is another sore point for washington w

saudi arabia and the u.s. have enjoyed wide military cooperation both under the trump and obama administrations washington provides riyadh with billions of dollars worth of planes tanks and other military equipment but now united states you want to bassett or seems to perceive the latest attack on civilians as a development by the same scenario having played out for years we had that as.

dollars when interest rates were low in the u.s. and elsewhere foreign capital flows also poured in to take advantage. of relatively higher interest rates in turkey a financial bubble expanded as the cash flow dim but now global economic conditions have changed u.s. interest rates have risen making the us an attractive investment destination the u.s. dollar has strengthened making it more expensive to pay back the dollar denominated loans with the turkish lira and amid several political tussles don't trump appears determined to use the u.s. is economic clout to stop what he feels is washington supremacies of rancorous when the markets the global markets were flooded with cheap dollars everybody got excited particularly across imagine fun to markets and we'd see a win lash on the china dollar weaponized libretto by design president says he will not raise interest rates to stabilize the turkish lira so with the lira plunging it's unclear whether turkey can meet its debt payments that may potentially be disastrous for the global financ