probably over 103 again for the weekend in shanghai. no relief in sight. >> those pictures just amazing. could lose the kids there and never find them again. >> apparently journalists have been cooking meat on pavement as opposed to frying an egg. >> unbelievable. >>> moving on. facebook being blamed for a teen suicide in italy. the girl's parents are taking action against the website. >> do they have a case? they're story is next. >>> then the olympics heading to russia but there's criticism over how the country is handling the invitations. >> how a recently passed law targets gays and lesbians directly. >>> oh, baby. it's a newborn weigh in at 13.5 pounds. >> natural birth too. we'll talk to the doctor who delivered that german baby girl. >> i don't know how much bouncing was going on. [ man ] look how beautiful it is. ♪ honey, we need to talk. we do? i took the trash out. i know. and thank you so much for that. i think we should get a medicare supplement insurance plan. right now? [ male announcer ] whether you're new to medicare o

and shanghai, especially in eastern and central china, high pressure has been dominating here and the temperatures have been reflecting that. some areas could be feeling like it gets into the 40s. now let's look over towards the americas, what's going on here. right now it's a frontal area pushing through the western great lakes towards the east. that is already bringing some thunderstorms. the same front even brought a tornado report into the dakotas. really sparking off the wet weather here. farther to the south we have another low pressure area that brought the severe weather across the central plains earlier in the week. it is bringing thunderstorms out here, not too uncommon to see tornadoes or thunderstorms there into the florida peninsula. speaking of tornadoes, a water spout off the coast of tampa. it is not too uncommon to see these here as well. especially water spouts, the one that stayed off the coastline within the tropical systems, used to work out into jacksonville florida as well. it does look like the threat will linger here. that one was taken here on tuesday. good n

ja and shanghai finished up slightly. checking in on wall street our futures point to a mixed opening here as well with a bit of a drop for the dow and s & p. a little bit of a gain for the nasdaq. you can see pretty par for the course. small moves in mixed markets here as well. this is the second day of the federal reserves policy meeting. many economists say fed chairman ben bernanke will not offer any major signals on interest rate policies when that meeting wraps up. that is because the dow sank more than 500 points in two days after they announced the fed was likely to end its bond buying program by next year. the last time. >> all right, pam. time now 5:20. a new development a child sex abuse scandal in walnut creek. tough new allegations by the outgoing city attorney against the city council. >>> and hawaii's program to save money on the homeless. the plan to shift the problem somewhere else. >>> the state of hawaii has come up with a way to reduce benefits for the homeless. hawaii is working on a program called re

the shanghai composite g gained .2% today and wrapped up the month 1% higher. the hong kong market taiex and south korea under pressure today. in japan, hitachi shares got a boost, closing higher by nearly 3% in today's session after raising its first half profit outlook. batterymaker gs yuasa soared over 7% thanks to better than expected quarterly results. but taiwan's htc took a beating, down almost 7%. the smartphonemaker had little sign of a turn around anytime soon. in china, property developers were the top gainers today as the company's politburo sounded a positive tone yesterday about promoting healthy development of the property market. china merchant jumped more than 4% today and the other two smaller players, they surged up by 10%. back to you, ross. >> all right, sixuan, catch you later. >>> the fed is wrapping up its two-day meeting with a decision expected at 2:00 p.m. eastern. fed watchers will be looking for any clues on when central bank may start its tapering bond purchases, but they will stress any action, still conditional on the economy imp

shanghai, the highs have been over 38 degrees over the past several days. your high could be 35 degrees today as well as yamaguchi prefecture as well. so drink plenty of water and take extra precautions against heat stroke. now, to the north of it, where hot air is colliding with warmer air, excuse me, cool air, we are seeing quite heavy rain from southwestern china through northeastern china, the korean peninsula as well as the western flank of japan. so heavy rain will raise the risk of flooding. across north america, there are two areas of severe weather. one is in the northern half of the plains. actually one tornado has been reported in south dakota with hail the size of a golf ball. the system is expected to head towards the south affecting the kansas area on wednesday. and another area can be found across the mid-mississippi river valley and surrounding areas. the greater risk could be damaging winds as well as lightning. the system will also head towards the southeast. now, towards the west, looking quite dry, and no monsoonal showers for the southw

and sixty cents announce a premium spot which is the cash market in london and i'm not talking about shanghai i'm not talking about vietnam where you can get between six and one hundred dollars premiums announced i'm talking about london the global market the global marketplace because so it is a true benchmark i.e. the fix comes up this morning whatever the price is is what i can sell or buy my book in for now why as an arbitrage or why as i have a bank or a hedge fund or somebody in the profit business wouldn't i take and it's up you know up to two dollars and fifteen cents a matter of days ago but an average of a dollar sixty why wouldn't i sell two million ounces today give you money give my bullion over take up to a two million dollar profit and not wait ninety days wait the contacts about to expire i could wait less than thirty days and get my bullion back well as you said why not. because there's no confidence that these markets like the comix eleven billion mark association are going to survive another thirty days intact as we know them you know and what i what i'd be worried about is

shanghai with a high of 38. you are going to be seeing afternoon thunderstorms pop up here. but, wow, look at that, about 10 degrees higher than down here towards manila, where we're seeing 29 on wednesday. now, let's look over towards the americas, what's going on here? well, the severe weather spot is right there in the center of the screen. it is this large area of thunderstorms pushing out there from kansas into oklahoma, extending out through arkansas and missouri. expecting about 40, 80 millimeters of rainfall with this going through your day on tuesday into wednesday. before it starts to weaken out, as it moves into kentucky and tennessee, pushing off there towards the east. so that's the good news. it does look like the worst of this is starting to get over with as it pushes off there. but then, we have this cold front pushing in out of canada. and that's going to trigger up some thunderstorms into the western great lakes over towards chicago as well. you have flying plans out of o'hare, keep an eye on that, especially by wednesday evening. you have the daytime heati

we're now one of the worst performers globally in the shanghai composite. there is some real justified jiters. when we go back to the gdp figures we had, second quarter gdp that were okay, they're only okay because they appeared to be a roguishly low gdp deflator. if the gdp deflator was anything like it's been over the last five or six quarters, that gdp figure wouldn't have come near 7.5%. it would have been near 6. so real concerns there among international investors. >> trying to match up balance sheets between hong kong and china and seeing what the trade was like. you see the discrepancies that have been there, this tells us the story about chinese gdp, that's how people look at it. what do you think is playing out? how slow is the china growth story? >> well, many ways of measuring the china growth story. one, you can look at the factor inputs, energy and railroad and all these sorts of things. the other way of looking at it is to see australian exports. unless the chinese are stockpiling vast amounts of iron ore and coal, you can check google earth

they assembly apple models in shanghai and another town. china labor watch a group out of new york issued a report accusing pegatron of withholding pay, forcing overtime and discrimination against women. apple is investigating and is committed to providing safe and fair working conditions, they say. >>> and federal express issues an apology to customers and fires an employee after this viral video surfaced on youtube showing her hurling boxes into the back of a fedex truck. now, fedex handles 10 million packages a day and this video hit one million views in five days. the man in the video who appears to be getting a throwing lesson was not an employee. >> and move over, tesla. bmw is entering the electric car race today. the german carmaker unveiled the i3. now, it's small but packs a punch. its battery pack runs up to 100 miles per charge which takes up to three hours. bmw will go from 0 to 60 miles per hour in 7 seconds. super light at 2700 pounds. the cost, $41,000. that's about $30,000 less than the tesla model s. got a consumer problem

the shanghai composite fell about 2% due to renewed worries about the health of china's financial system. that's after authorities said they will conduct a nationwide audit of local government debt. they will be following china-related companies and construction machinery. both companies posted a decline in operating profits in the april and june quarter compared to a year ago. that is due to slowing growth in the economies including china. the financial firms and securities released positive earnings reports for the first quarter of the fiscal year. both companies appear to benefit from the recent stock market rally. we will see how the shares react to all of this. y woo will get more earnings reports for companies like all nippon airways and japan and pits bushy motors. now let's move on to currency starting to dollar yen. the dollar is trading against the yen. after it fell to the mid-97 level on monday. some are buying back the dollar after the currency fell in the past few trading session. the dollar gained ground against the euro. the euro dollar is not at 1.32559-3260. it will sta

they assemble the iphones in shanghai and other areas. china labor watch a group out of new york issued a report accusing the company of withholding pay, forcing overtime and discriminating against women. apple says it is investigating the claims and is committed to providing safe and fair working conditions. and federal express issues an apology to customers and fires an employee after this viral video surfaced on youtube showing her hurling boxes into the back of a fedex truck. now, fedex handles 10 million packages a day. this video hit 1 million views in five days. >> the man in the video who appears to be getting a throwing lesson was not an employee. >> move over, tesla. bmw is entering the electric car race. today the german carmaker unveiled the i3. it's small but it packs a punch. its battery pack runs 80 to 100 miles per charge which the company says takes up to three hours. bmw stays will go from 0 to 60 in 7 seconds flat. super light at 2700 pounds, the cost, $41,000. about $30,000 less than the tesla model s. got a consumer p

inventories of copper around the world, whether it's shanghai, the lme are at or near ten year highs. that's going to tend to weigh heavily upon the copper market. i'm a buyer of gold, a seller of copper and a spreader of one against the other. >> in terms of the short copper trade, is a slowing china integral to that part of the equation and therefore -- i believe you think that a slowing china would hit europe more so than the u.s. as a correlary trade short european equities or something in europe? >> the question of a weakening -- we have to remember when you talk about a weakening china is going to have a deleterious market upon copper prices generally. i wouldn't want to be a seller of european kwekties under any circumstance. anybody who has been short of european equities isn't feeling all that comfortable about life. there's a difference in being short of the copper market. look at the chart. it looks much worse than any equity market. >> if you expand that out though a little further to equities, i'm guessing, judging by how bullish you are on european equities you would be

. >> i would say -- i would also say -- it's funny because we're saying we are not going to get shanghaied by this, not get drawn in to this deficit conversation and somehow i think i've led the charge of us getting drawn into a conversation about the deficit. because independent of earned benefit programs, the president's also talking about investment in infrastructure, in education, and these parts of the conversation we haven't had these parts of the conversation. >> if you term them pro-growth. we just haven't heard that language. that said, part of me really agrees with jake. if we could see more courage coming out of both parties -- >> i agree exactly about means testing with benefits. democrats are not for the most part pushing that idea. maybe some of them would go along with it as part of a grand bargain. i think the progressive position should be we want to invest in the short term. the deficit is not an issue this year but over 10 years, 20 years it is because government growth over the long term has to have some kind of fiscal belt. >> i just wonder, the thing that seems to app

north of that things are on the hot side across chongqing, shanghai, 37 and 38 for you. northeastern china, on the other hand, some areas could see about 100 millimeters of rainfall going into tuesday. even out towards wednesday, even seoul will be seeing some showers, it's the stationary boundary, the same one bringing the flooding rains across much of northern japan. et cetera let's look at the americas, we have the monsoonal flow coming in off the pacific here and that's been triggering the showers much of the southwest. right now we have this disturbance there into the plains, coming off the central rockies. in portions of kansas, oklahoma, you could see 48 millimeters of rainfall as it pushes through. pushing to the east, we have this high pressure in the great lakes and then a low pressure moving out through ontario and quebec. now the high pressure is the big story with this. we are seeing the rain showers, the thunderstorms ahead of it. but what it did, it's bringing in the cooler air from the north. and northern minnesota, during the early morning hours on monda

the shanghai index lost more than 9.5%. it was up slightly across the board. investors may stay on the sidelines until the federal reserve wraps up its policy. that is expected to provide clues. right now futures are slightly down. >>> a labor rights group is accusing another supplier to apple of labor uses. pegatron withheld employee pay. apple says it's committed to providing safe and fair working conditions. it promises to investigate the charges. >>> time is 5:20. new details about a gun buy back event in contra costa county. when it will happen and what they will be offering instead of cash. >>> and a young cancer patient is getting some unique support. how the fun and health is coming from these dancers. >>> welcome back. time now 5:23. several strangers teamed up to save a young boy's life by dancing. there they are. yesterday participates just boogied at harlem nightclub in san francisco. this is part of a fundraiser for 12-year-old felix cover tines. eight years ago she under went surgery for cancer. she is under going intensive chemo therapy for the

almost 2% in shanghai. the nikkei down 3.3. do the math. that would get your attention. then in europe, they're all up. but not much. let's look at oil. the oil board, that's been stubbornly above 100, but coming down slightly, $104.53. the ten-year, i saw, was at 2.56, almost 2.56. dollar n , if we're going to europe, it's got to come down. the euro, slm 1.43. gold on a little bit of a run. i'm thinking about buying some. >> really? >> because of man q. i read man q.'s piece in "the new york times" over the weekend. he mentioned buffett and all the people that don't like it. just because it's noncorrelated with anything else. he says 2% of your portfolio could be in gold. >> are you going to buy it anyway? >> no, no, no, no, no. >> store it. >> yes. if i could find a place to buy them where i didn't have to buy a big -- not a lot of them, but i'd maybe buy a few of them in case i need to bribe someone in the future for something. >> always thinking. >> for something. i'm not sure what. but if paper money is ever useless. it could be food. it could be passing -- you know

the shanghai composite dipped below the key 2,000 level. weaker by 1.7% today. investors also worried that beijing's plan may prompt banks to tap the markets to raise the fund. as a result, banking shares in some of the property plays as can you see from the first row, they took a beating. but it was a sunny day for those solar panel makers as they rallied actually after the eu and china reached a trade deal over solar panel on terms favoring beijing. it surged up by 10%. in japan, nomura tumbled by about 5.7% today despite reporting a strong profit growth. this as markets are more concerned about declining trading volumes. and a stronger yen as ross just mentioned that it took a toll on exporters, especially automakers. mazda lost despite a strong profit outlook. and mitsubishi motors tanked 10%. no such worries for rivals hyundai. the south korean automaker has extended its 11-day winning streak, up another 2% after it reported strong earnings last week. and kia motors also ended marginally in the green. back to you. >> all right, thanks very much for that. we

temperatures are quite seasonal in shanghai once again. 39 for you with abundance of sunshine. tokyo the upper 20s, relief from the heat. beachgoers and surfers in hawaii could be surprised at the higher surf. a tropical storm is approaching the hawaii islands and it could hit the islands by monday local time. so high surf, stronger gusts and quite heavy rain are likely to pound this area. tropical storm could hit the islands which is quite rare but not unheard of in 1992 a hurricane hit the island. now so quite severe weather is likely to happen across this area. so watch out for that. now further out towards the east we have a rainstorm across the eastern parts of the u.s. and up towards southeastern canada. lots of rain has caused flash floods as well as lots of thundershowers. monday things will be clearing up. windy conditions in the great lakes region will be clearing by the first day of the work week. but severe weather is expected tonight over oklahoma and the southern half of kansas on your monday. monsoonal rain could lead to flash flood across the desert southwest. t

they couldn't really make it dent on the world stage not when they are competing with bangalore and shanghai and the megametropolitan areas of the rising nations. so they understood that they are interlinked economically. cleveland can't flourish if other places around that are sinking so they got a group of foundations and these communities got together and they said what can we do to change our economy? the decline of manufacturing throughout the 70s and 80s really hit them hard. these foundations that we have been funding arts and culture and social issues. none of that is going to matter and less people have jobs. so they invested in ways to connect their small and medium-sized manufacturers to new suppliers and new industries. they figured out how to harness the benefit, not the benefits but the institution like the cleveland clinic, lake summit health systems in akron to manufacture the entrepreneurs who wanted to take the ideas being generated in these institutions and make them into usable products. so it is a hard thing to do but the benefits are profound. so again in northeast ohio

their families left san francisco around noon yesterday on a flight to shanghai, carrying the ashes of their daughters. >>> the families have retained a new york law firm to represent them. dozens of people were seriously injured in that crash of asianna flight 214. there were 307 people aboard when the lane hit a seawall in front of the runway at sfo, lost its tail and caught fire. >>> kaiser permanente is the biggest healthcare provider in california. now some of the oakland-based company's biggest customers are complaining about the increase in premiums. abc 7 nannette miranda has the story. >> reporter: kaiser permanente may be starting to lose their reputation of a high quality care at low prices. or affordable prices. the rates are rising. at the nation's third largest healthcare buyer, family coverage at kaiser in 2007 was the most affordable insurance option for workers. three years later it cost more than the plans offered by others and blue cross. next year they will be the most expensive plan, surpassing even blue shield. >> i am surprised by that. >> david is very happy wit

their families left san francisco around noon yesterday on a flight to shanghai, carrying the ashes of their daughters. >>> the families, by the way, have retained a new york law firm to represent them. dozens of people were seriously injured in that crash of asiana flight 214. there were 307 people aboard when the lane hit a seawall in front of the runway at sfo, lost its tail and caught fire. >>> kaiser permanente is the biggest healthcare provider in california. now some of the oakland-based company's biggest customers are complaining about the increase in premiums. nannette miranda has the story. >> reporter: kaiser permanente may be starting to lose their reputation of a high quality care at low prices. the rates are rising. at the nation's third largest healthcare buyer, family coverage at kaiser in 2007 was the most affordable insurance option for workers. three years later it cost more than the plans offered by others and blue cross. next year they will be the most expensive plan, surpassing even blue shield. >> i am surprise bed that. >> david is very happy with kaiser, but ri

they left around noon in a flight shanghai with the ashes of their daughters. they have retained a new york law firm to represent them. dozens of people were seriously injured in the flight. there were 307 people aboard when the plane hit a seawall and caught fire. >> president obama urged americans to take time to listen to the historic stories of veterans. president made his remarks on the national mall at the korean veterans memorial on the 60th anniversary of the signing of the armistice that suspended the korean war. in san francisco, officials broke gound at a memorial. memorial will be built in the presidio. several korean veterans attended and former congressman told the crowd the power to prevent a war with north korea resides in the nation's capitol. >> if president obama should go to pyongyang he might well be able to stop such a war and begin the process toward a meaningful peace. >> it was quite a different scene in capital city where it was vic they consider it a great win over the u.s. >>> at least65 people have been killed in clashes in egypt. h

they left around noon in a flight shanghai with the ashes of their daughters. they have retained a new york law firm to represent them. dozens of people were seriously injured in the flight. there were 307 people aboard when the plane hit a seawall and caught fire. >> president obama urged americans to take time to listen to the historic stories of veterans. president made his remarks on the national mall at the korean veterans memorial on the 60th anniversary of the signing of the armistice that suspended the korean war. in san francisco, officials broke gound at a memorial. memorial will be built in the presidio. several korean veterans attended and former congressman told the crowd the power to prevent a war with north korea resides in the nation's capitol. >> if president obama should go to pyongyang he might well be able to stop such a war and begin the process toward a meaningful peace. >> it was quite a different scene in capital city where it was victory day. they consider it a great win over the u.s. >>> at least65 people have been killed in clashes in

their families left san francisco around noon on a flight to shanghai with their daughters' ashes. the families retained a new york law firm to represent them. dozens of people were seriously injured in the crash of flight 214 which had 307 people aboard when it hit a sea wall in front of the runway, lost its tail and caught fire. the ntsb continues to investigate the crash. >> 60 years ago today the united nations and north korea signed an armistice, spending the korean war. today ground was broken for a future korean war memorial at the pre seedow -- >> what the armedded forces did, primarily the americans, made a democracy that is so thriving. if we could have their subway system here in san francisco, it would be great. >> the korean war was an undeclared fight that lasted from 1950 to 1953. 33,000 american soldiers died and 100,000 were wounded. it's often called the forgotten war. at the national mall in front of the korean war veterans memorial, president obama honored those who fought and especially those who were captured. >> surely no one endured more than our u p.o.w.s w

and i said if i were at your age, i would go to shanghai. >> rose: would you really? >> i would. because when you are seeing especially in mobile, the social media, and all of these young enter pea niewrz, entrepreneurs in china trying to start their own business and what we learned during the last couple of years is the infrastructure is there, broadband, mobile, and so on. what we are needing are content. >> rose: right. >> and i he this is such a huge market and opportunity that i am thinking we are right on the spot with our approach which we announced today. >> rose: are you satisfied that on the part of the chinese government and others, a there is rule of law and respect for private property and respect for copyright? >> yes. this is what you are always getting when you are discussing with media executives. >> rose: right. >> i remember when we started the first time in 2000, at that time, i was responsible for governance. this is what i always heard. yes, but looking back, what kind of values we could have created in the early stage in 2000, in perspective of today is inc

that, drought conditions are going to be continuing for places across central china. 39 degrees in shanghai. 36 in chongqing once again strong sunshine here. all right. on into america, we're talking about hawaii, in fact, flossie is another tropical storm we have here heading towards hawaii. it's not expected to become a hurricane and there aren't any watches or warnings, but if you're in the vicinity know the wind and waves are really going to be increased here over the weekend. let's go now to europe to see what's going on. it's quite a split in the weather out west. it's going to be wet and cooler, i'm afraid. then we have the severe area of storms. we get the hot and cooler air masses colliding and can result in storms. and the heat is going to prevail from the southeast and south all the way up towards, well, just south of scandinavia in fact. you're going to see temperatures improving in places like berlin, warsaw up to 30 sdegrees as wel. 35 for vienna. here is your extended forecast. >>> and to end this edition of "newsline," four singers from the u.s. who are continuing a legacy t

not much movement in shanghai or in hang seng. if you look at oil prices, we have been watching these so closely, hovering around $105. this morning, down by 79 cents to 104.70 for wti. the ten-year note is the other one worth watching, because this has been the tail wagging the dog. yield is 2.58%. it touched 2.6% yesterday. if you look at what is happening with the euro, the euro yesterday up for the fourth time in five sessions, versus the dollar. it touched its highest level since june 19th. this morning, it is trading higher once again. euro at 132.73. the dollar yen, the yen at 98.50. gold prices at least at this point are indicated down, just barely. down by 2.60. $1,326 an ounce. let's talk about starbucks which came in with numbers that sharply beat the street's expectations. howard schultz says it was the global coffee chain's best performance on record. joining us now to talk more about the numbers is r.j r.j. hovotni from morning star. these numbers are certainly something to crow about, the street likes what they're s

the shanghai composite extended a three-day losing streak, down half a percent today, despite the pboc's comments to maintain prudent monetary policy. hong kong and south korea ended marginally in the green. and australia's asx 200 showed pockets of strength, on hopes that a possible call for a federal election could ease the country's political uncertainties. in china, authorities published a list of companies ordered to reduce overcapacity. among them, paper producers came under some pressure. chungming paper, down by 1% to 2% in today's session. but some bigentm rallied on hopes they won't benefit from the industry consolidation. and beijing's mini stimulus package will help boost demand. anhui conch gained by about 3%. nikon tumbled nearly 4%. and shipmaker had an operating loss for the june quarter. samsung electronics also lipped nearly 1%, despite posting a record q-2 profit. more on that with sherry in seoul. sherry? >> thanks so much for that. we have been warned of such slowdown in the growth of this smartphone market in recent weeks, right? this time coming directly from samsu

temperatures are scorching hot at 40 degrees in chongqing, do stay hydrated and shanghai at 39 degrees. moving over to north america, we've got a cold front that's still hugging the coastal line. so here across the area, thunderstorms, new brunswick and new england these areas will find 100 millimeters of additional rainfall. due to this cold front severe weather is possible. we have three tornado touchdowns reported in the midsection of this country. so this is still capable of spawning these tornadoes. we're looking at 20s in bismarck and in winnipeg. these are mid-september temperatures and the morning low will be in the single digits. i'll leave you now for the extended forecast. >>> one more story to share with you before we go. people in osaka, western japan, have taken part in one of japan's top three summer festivals. about 3,000 people paraded from the osaka tenmangu shrine. the tenjin matsuri festival. the deity appears at this time every year. more than 10,000 festival goers boarded boats fitted with their own portable shrines. they sailed up an down a river that flows throu

temperatures are scorching hot at 40 degrees in chongqing, do stay hydrated and shanghai at 39 degrees. moving over to north america, we've got a cold front that's still hugging the coastal line. so here across the area, thunderstorms, new brunswick and new england these areas will find about 100 millimeters of additional rainfall. due to this cold front, severe weather is possible. we have three tornado touchdowns reported in the midsection of this country. so this is still capable of spawning these tornadoes. we're looking at 20s in bismarck and in winnipeg. these are mid-september temperatures and the morning low will be in the single digits. i'll leave you now for the extended forecast. >>> and that is all for this edition of "newsline." i'm catherine kobayashi in tokyo. thanks for joining us. captioning sponsored by macneil/lehrer productions >> brown: attorney general eric holder wants texas to get federal court approval before changing election rules, part of an administration strategy to challenge laws it says discriminate by race. good evening, i'm jeffrey brown.

chongqing 40 on friday, 39 in shanghai and 34 here in fukuoka. in tokyo, 31 degrees. back to the heat and humidity after that cool wet spell we had in the middle of the week. all right. we'll head on into the americas where you're going to be seeing more thunderstorms. and if i pull back this cloud, you'll see where the rain is. this is going to be particularly heavy for places like kansas down into oklahoma. you can see a real threat of flash flooding, thunderstorms spreading up in towards the great lakes region as well. could be a little bit on the severe side. it is going to be dry and cooler, but sunshine there as well up towards the northeast and to the northwest is where you're going to be finding most of that heat. 27 degrees in seattle. getting up to 42 in las vegas. all right. let's go now to south america to southern brazil where i want to talk about a very strange phenomenon. some places seeing snow for the first time in 38 years. this is pretty unusual thing to see. it is of course the winter in the southern hemisphere. however, this is the heaviest snow t

shanghai is reaching 39 degrees, quite a dangerous level. even western japan is in the wake of that. kyoto where the gion festival is held, 35 degrees until friday, but take a look at hangzhou, the 40s to friday. do stay hydrated. let's look at the americas where the cold front is sagging all the way to the south. due to the tropical moisture from the south. thunderstorms are active across the southeast. this one actually could spawn tornadoes. we have a tornado watch in southern manitoba as we speak. flash floods are also still posted, risk is actually posted in a wide range in the southwest and down to new mexico due to the moisture surging from the bay of california. it's quite hot. still that heat dome across the pacific northwest, but cooler and dry across the great lakes region. and that includes chicago, toronto, looking at nice temperature, but houston's reaching up to 37 degrees and phoenix, 41, las vegas in the 40s, too. let's move over to europe. we have atlantic system moving into the british isles. this will bring you showers on

bright sunshine in shanghai, 39 degrees here. you'll see a lot of areas hitting the 40 degree mark or beyond. that is causing yet another different kind of problem here in eastern asia. on we go into the americas and thunderstorms for you in the deep south. through the southeastern quarter of the united states, you'll see plenty of thunderstorm action, hail the size of ping pong balls possible as well as gusty winds. up towards the north, another storm system also capable of bringing pretty severe nasty storms. this will be pushing through central canada and the front moving through the northern plains into the upper midwest. dry cooler conditions and quite pleasant here in that northeastern corridor. in the other side of the jet stream it stays hot and also you have the threat of flash flooding, the monsoonal flow in the southwest and potential for flash floods here. the heat as well will be pretty unbearable in some areas. 41 degrees in phoenix and the next few days are going to be around about that, very hot indeed. even seatt

now, the developer is sending a team to shanghai and beijing to sell even more units. we'll see whether there is enough new chinese wealth to fill all 96 floors. back to you, carl. >> it's interesting, robert. i have seen a couple notes looking at new york real estate prices and what they have done. the argument is they can't continue to go as quickly as they have because of smaller numbers of international buyers, fewer cash deals, all of that. >> that's the one hand. ornd, you just had richard smith on making the point that inventories are very tight, demand is so strong. so the question is has the local buyer market remained so strong that they can pick up the slack from these foreign buyers? we'll see. we could see this foreign buying taper, but the market now could be strong enough and tight enough it's okay without them. >> a different kind of taper to think about. robert frank, thanks very much. they're not disconnected. the fact that the fed is tapering, that u.s. financial conditions have tightened, people are pulling money out of emerging markets, all that me

an american is detained in shanghai, china. the chinese government is going after employees of drug companies that may be involved in bribery scandals. in the latest case, employees with astrazenca were questioned, and one is being detained. u.s. officials are working on the case. a british employee of glaxosmithkline was recently detained in connection with bribery allegations. if one california republican has his way, you may no longer get mail delivered to your door. representative darrell issa, who chairs the house oversight and government reform committee, has introduced legislation that would move the postal service away from door- to-door delivery and toward curb-side or cluster boxes. delivering mail is the postal service's largest fixed cost at $30 billion. ending door-to-door delivery would save $4.5 billion each year. in our earnings watch, ups reports customers are putting the brakes on expensive shipping options. the delivery company posted profits that came up shy. chemical company dupont turned in a 12% decline i

half a percent in shanghai. in europe, you will see at this point the dax is up by over 1% as is the cac in france. ftse up by about 0.8%. we do have plenty of earnings news thorn. boeing, earnings $1.67 a share. compared to street estimates of $1.58.thorn. boeing, earnings $1.67 a share. compared to street estimates of $1.58.horn. boeing, earnings $1.67 a share. compared to street estimates of $1.58.orn. boeing, earnings $1.67 a share. compared to street estimates of $1.58.rn. boeing, earnings $1.67 a share. compared to street estimates of $1.58.n. boeing, earnings $1.67 a share. compared to street estimates of $1.58.. boeing, earnings $1.67 a share. compared to street estimates of $1.58.boeing, earnings $1.67 a . compared to street estimates of $1.58.. boeing, earnings $1.67 a share. compared to street estimates of $1.58. also some strong numbers for ford in the second quarter. company posted earnings of 45 cents a share. revenue also above consensus. and that stock up by about 3.25%. pepsi came in with earnin

citizen in shanghai in connection to the probe. joining us from beijing is cnbc's eunice yoon and staying with us in london, gina sanchez, chairwoman and founder of comma chantico global. >> we now know that there is another foreign national and u.s. citizen, an american, who has been detained. we don't know the name of this person, however we do know that this person, according to pfizer, eli lilly and glaxosmithkline do not work at those companies. the whole health care industry is very, very jittery. everybody is on edge and want to disassociate themselves as much as possible from an investigation if at all possible for them. the -- you had mentioned also there are -- that we really are seeing a widening investigation. there were two more people at astrazeneca who have been called in for questioning. this is after a local sales representative was taken away. also, the health ministry of china has said that 39 hospital staff would be punished for t e taking bribes from two drug companies. we don't know exactly which companies tho

the temperatures are rising almost up to 40 degrees in shanghai. 36 degrees in fukuoko. sudden weather changes. north america, the eastern half is looking quite misty. it has been an ongoing swigs here. we are still likely to see more bad weather due to this cold front stretching all the way into new england. into tomorrow, on wednesday, we'll see the system move toward the east hitting the atlantic coast and into southeastern corner of the country. the temperatures are still very high in oklahoma city at 33 degrees. houston, at 36. los angeles, 27, quite nice but the atmosphere is very unstable. we have a report of about 7,000 lightnings reported yesterday. now, here to europe, the midsection is clear and fine. the northwestern russia is wet and windy. we have a system moving into the atlantic. that is bringing the temperatures down. numerous thunderstorms have been reported and that's likely to continue. we a red alert in western germany for thunderstorms. 29 degrees. we are looking at the same digits here at 29. some of the midsections are soring into the. that's goin

heat still covering much of the mid section, so rising the temperatures almost up to 40 degrees in shanghai, puck echo also seeing 36 degrees. considering western japan, still chances of sudden weather changes to be aware of. now moving over to north america, quite messy. an ongoing situation here. we're still likely to see more bad weather due to this cold front stretching all the way into new england. into tomorrow on wednesday, we'll see the system move towards the east, hitting the atlantic coast and into southeastern corner of the country. the temperatures are still very high in oklahoma city at 33 degrees. houston at 36. los angeles, 27. quite nice. but the atmosphere is very unstable. we have a report of about 7,000 lightnings reported yesterday. now here to europe. this section is clear and fine. northwestern russia is wet and windy. and we have a system moving into the atlantic. that's bringing the temperatures down, but numerous thunderstorms have been reported, and that's likely to continue. in fact, we have a red alert in western germany for thunderstorms. paris at 29 degrees, s

bbc news, shanghai. planks in just over a week, the people of's -- >> in just over a week, the people of zimbabwe will elect a new president. president mcgaughey -- mcgaughey mugavi is part of an ancient line. quick still determined to hold onto his job, president robert mcgaughey is still on the campaign trail in zimbabwe, asking for one more thing. he can still pull a crowd. it is five years since the last election here descended into chaos. his opponents were beaten and terrorized, a political stalemate followed. the tensions remain, as we discovered earlier this year in the capital. supporters are still quake. in many ways, zimbabwe is a different place now. it's economy is no longer in freefall. political violence is rare. >> there is peace and tolerance, nonviolence and that is thanks to the president. they cannot use the violence excuse anymore. >> look at all those new satellite dishes. local state television remains president's party. there is a hunger for a different perspective. has justte cha