the headlines, market shanghai, tokyo reverse early losses. they shrugged off data while the japanese business mood survey turns positive for the first time in nearly two years. nokia has agreed to merge with siemen's. analysts cheered the deal but worries about the telecom group's cash position. the opposition protests in egypt called on president morsi to resign. >>> you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to the show. we had issued with the mikes. we have data out of the eurozone. manufacturing pmi. showing some signs of stabilization this morning. the final eurozone posting the index up to a 60-month high, 48.5 in june, but below the break-even 50 level that divides growth from contraction. some interesting numbers as far as this is concerned. spain up to 50. that stabilized easily. that is still the 23rd month of contraction since the high in july to 11. factories also reducing head count last month, but at their slowest pace since march 2012. for germany, factory outpu

one analyst says the shanghai composite is a good gauge of sentiment as the country sees more growth. >>> hsbc cut its gdp forecasts for the region. learn more about the bank's downgrade online. follow us on twitter @cnbcwex. political deadlock in egypt allowed violence to erupt. can a solution be found? for the latest after this break. [ male announcer ] it's time. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. . where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. most importantly, 9 out of 10 people got their hoveround for l

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

in fact, shanghai delivery of gold contracts is basically 50% of all the gold production year to date. so there is strong demand for the physical element. >> okay, so where do you see gold going, then? >> well, what i always look at are two factors, the fear trade which we often focus on here on negative interest rates and m monetizing at the debt. the other part is the love trade. it picks up steam around july and august and runs to the chinese new year. will it be as great as previous cycles? i don't think so because the gdp in china is flat. it usually has a very strong love trade dynamic to it. i remain bullish, but i instruct investors just have a 5% in gold and rebalance. >>> the u.s. dollar is down today, but it is up nearly 5% this year. is now the time to buy the dollar? let's ask managing director at bk asset management. is this king losing its crown or is it time to double down on it? >> i think it's a great time to go long dollars, mandy. i think we've had a nice little pullback, and even today while the dollar is down, you've seen some really significant reversals which t

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 shanghai gained 1% and up a stronger 2.3%. shares in hong kong, korea and australia reacted cautiously. the kospi and australia's asx 200 closed marginally in the green. local media reported the trial program may expand to london and singapore with a higher quota. the trading system may significantly boost the transaction volumes, therefore benefiting brokerages fee income. shares of gf securities and he everbright gained. china's tech space also got a lift up by beijing's recent plan to speed up the it technology space aiming to expand the size of the sector by 2015. internet giant tencent, shares gained 3.7% today so really outperforming the broader hang seng index. japan is set for a public holiday. samsung electronics reversed early weakness to end a tad high and automakers rebounded strongly with hyundai motors making gains. muted gains in the australian market today. the strength in banks were offset by weakness on some profk taking. >> sixuan, we'll catch you later. the vow to fight in the bastille speech days after los

it says it can confirm that it was visited by the shanghai public security bureau. it says it believes the investigation relates to an individual case. and it says while we have not yet received an update from the public security bureau, we have no reason to believe it's related to any other investigation, saying astrazeneca is committed to acting with integrity at all times. >>> still to come on the show, the co-chief executive of german software company, s.a.p., is to move to the company's supervisory board. how does he feel about it? find out as we bring you an exclusive enter rue with the man himself right after the break. >>> and we'll leave you with a look at how futures are trading ahead of the open on wall street. we'll be back very soon. [poof!] [clicks mouse] there's doughnuts in the conference room. there's doughnuts in the conference room. automatic discounts the moment you sign up. with the spark miles card from capital one, bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns do

the shanghai composite reversed early losses closing higher by .6%. chinese banks and property developers rebounded after the recent tumble. the nikkei 225 was the market lager ending lower by .25%. shares of softbank pulled back 1.6% despite getting the final approval from u.s. authorities for the sprint nextel takeover deal. the stock had gained over 80% year to date on hopes for the largest overseas acquisition in japan's corporate history. another standout loser was denshoot. they plan to issue $1.2 billion of new shares to help fund a uk acquisition. higher metals prices today. a jump of almost 7% today. and atlas iron surged up nearly 10%. back to you. >> thank you very much for that. >>> let me tell you what's coming up on today's show. as egypt swears in an interim leader, looks to new elections, we'll be live on the ground for a look at the post-morsi transition. and singapore's sovereign wealth fund is facing questions over exposure to chinese banks. we'll hear from the head of the markets group at 10:30 cet in the first on cnbc. and we cros

the shanghai composite jumped nor m more than 2%. brokerage and banks extend their gains in the afternoon session as we see that founder securities surged over 8%. and property developers also among top gainers. china merchant s jumped nearly 9%. and among the actives in hong kong, jewelry shops outperformed. shell soared over almost 13% after importing over 60% surge in its q-1 revenue helped by the gold rush after the price of bullion plunged. consumer mood slipped in both japan and australia in june. index giant fast retailing waved on the nikkei 22 5 down 1.2%. in australia, retail chains were also broadly weaker. harvey norman down 2.4% today and surf ware company billabong plunged another over 10% falling yesterday's 16% tumble. back to you. >> all right. thank you for that. now, shares of burberry beat expectations with an 18% rise in retail revenue for the first quarter. they saw double digit growth where the latest collection received a warm welcome from rich chinese shoppers. burberry maintained fw eed guidr the year but wa

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

the shanghai composite jumped to almost 2% and the hang sang hong kong gained 2.3%. elsewhere, japan, south korea and australia, those shares all ended in positive territory. in china, as you can see from the first row here, banking shares made a strong rebound on both mainland and hong kong forces. local analysts suggest the interest rate reforms will have limbed impact on the short-term while lower interest rates will support growth in the real economy. the property sector which has a relatively high dependence on bank lendings also enjoyed the rally. china merchants gained almost 6%. and chinese railway stocks also chugged ahead on hopes of a supportive measures. cfr corporation gained over 8%. on to japan, mobile carrier softbank was the outperformer on the nikkei 225. soared by 5% after reports that it will raise the bet 35 million u.s. dollars to stock new smartphone hand sets. south korean technology shares also rallied ahead of earnings results. lg electronics gained almost 4% and samsung electronics rallied almost 3%. let me quickly show you gold miners. the

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

shanghai index, though, did finish higher. inter-bank rates continue to moderate. sentiment of big manufacturers moves higher. first time it was positive since 2011. nikkei responds. hits a one-month high. in europe manufacturing pmi's, they clocked in better than preliminary reports first indicated. some strategists say, listen, don't expect the ecb to shift their monetary policy positions until their meetings on thursday. in a half hour you'll get the ism manufacturing consensus. looking for a rebound from 49 to 50.5. finally, let's talk techals. i was on the phone on the spx, katie says a short-term loan has been established. she is looking for positive follow-through, she says, in this holiday shortened week. guys, back to you. >> all right. thanks very much, josh lipton. talking about deals this morning. we did get one. it's tribune, and it continues an important trend that we've been highlighting here, which is some of the larger players in terms of station ownership getting even bigger, and benefitting as a result. actually, hadn't even had an opportunity to

following yesterday's 3% surge of the shanghai composite led the decline in the region, down 1.6% today ahead of the key data due out next week. mainly banks lost ground. beijing has already been drafting plans for promoting interest rate liberalization and may soon scrap the floor for lending rates. markets fear this will bring more competition and squeeze bank net interest marriagens. gains on the market, tanking nearly 6% in today's session. q-3 operating profit came in worse than expected due to discounts and marketing expenses. goldman sachs cut the outlook for the financial year. the worst performers in south korea were hyundai and kia motors. shares plummeted about 5% to 6% in today's session on worries that their car sales may dip in china as more chinese cities may restrict new car purchases. and the australia market, the best performer for the week, gaining nearly 3% over the past five sessions. gold miners like newcrest, evolution and kings gate, they once again outperformed the broader market jumping to 9%. back to you, ross. >> sixuan, thanks for that. that's where we stand

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

shanghai down 2.4%. in europe, though, you do see a lot of green arrows there as well the biggest gains coming from germany. the dax is up almost 2.4%. the footsy 100 is up by about 1%. we're kind of bouncing off of what happened on friday when we got that better-than-expected jobs report, that did send stocks higher on friday. ilt it fueled the tapering. doin joining us is dean baker. also, tony fratto, managing director of hamilton play strategies. tony, i was a little surprised when i read through some of your notes. it sound like you are worried the fed could pull the rug out from unthese markets too quickly. >> i have felt this for a while. i have been surprised about the rush to get into talking about the tapering. i have been saying this. i feel like if there is any risk of us, a lot of people talk about america is turning into japan because of what the fed is doing. i don't think it's a real parallel. one parallel i worry about is the choking off of, you know, organic growth, getting to organic g

the response, of course, still to those fed comments, giving a lift to the shanghai composite, up better than 3%. 2% for the hang seng. nikkei adding a little as well. given the strengthening of the yen, a sign of progress, a welcome sign, you could say. the european market, ftse 100, up .7. better than 1% for the xetra dax. >> you can read either one there. when i read this, they walked in feeling strong. and then within two days, going, no, i don't know about -- we can't -- the 85 billion -- what if we do -- none of them had any -- do they? >> i think they need to let the economy react. the economy is like a 12-year-old on a bike with training wheels. we can just -- >> you got a keynesian on steroids here. you think there is not enough ink and paper in the world. >> monetary policy has not stimulated the economies of europe or japan or the united states. >> she's glaring at you. >> i think it felt evident. it doesn't take much to look around the world and see who is being accommodative, in response to what conditions and what are the markets and economies doing in turn. >> will we ever

the shanghai composite tumbled 2.4% today. hang seng in hong kong lost 1.3%. banking shares bodiroadly weake. many think this will make the sector more competitive and could possibly hurt lenders' net interest margins. in japan shares of softbank had quite a volatile day of trade. rising as much at 1.7% before ending down by 3.4%. the turnaround really happened after s&p's downgrade of the stock by two notches. for the broader nikkei 225 also extended weakness in late trade. the index lost 1.4% today. meanwhile the region's resources shares also lost ground, atrackiatrack i -- attracting weaker commodity prices. china's largest gold miner tumbled almost 7% after profit warning. atlas iron and newcrest also took the brunt of the selling today. >> thank you for that. we'll catch up with you later. >>> we've been watching events, fast moving events in egypt. these are the latest shots of tahrir square. we're also getting -- we'll be out with the latest on that and reports of those deaths as well. tanks apparently still blocking the bridge. at the same time, tensi

the shanghai composite also in recovery mode. it finished flat today but added 1.4% on the week as liquidity fears subside. no such euphoria in south korea. shares of index giant samsung electronics dropped almost 4%. the company predicts a record q-2 earnings but misses analyst forecasts. in australia, crown gained 3% after local lawyers backed the plan to open the second casino in sydney. but its rival echo entertainment group slum pd over 5% today. also in the gaming space, a decent debut from casino operator makel legend in hong kong. the standout loser was china ro rongsheng industry. the country's largest ship builder expects a net loss for the first half this year, and reportedly has laid off 8,000 workers. it is also looking for help from governments and banks to renew its credit facilities. back to you. >> sixuan, thank you for that. >>> markets, trading fairly cautiously. we're up a quarter percent in the ftse, the ibex down slightly. cac fairly flat. bond markets, the reaction to what we saw from the ecb and the bank o

the shanghai markets are all ending higher. the nikkei actually closing at its highest level in a month. you see it up 1 and a quarter percent. european shares are higher as investors digest a slew of numbers coming in, the including the latest figures on manufacturing and employment, investors are focusing on the manufactured pmi. again, if you take a look at the european markets, you will see the dax is up .3 of a percent. and the kak is up by .7 of a percent after closing at its worst quarterly drop, gold is bouncing back this morning. it's helped in parts by the san francisco fed president john williams. on friday, he said he is backing off his view the fed should start cutting stimulus this summer. you are right, backtracking on all of this stuff. gold is up by about $15.16. back to $1,042 an ounce, gold is taking a toll on investors in david einhorn's green light capitals. that fund was down nearly 12% in june. it's down about 20% for the year. >> here in the united states, despite shortened week, on once, adp is out with

. >> surprisingly it is a no brain inner beijing and shanghais that you do that but it has been somewhat surprising that in the second and third tier markets of course you have less penetration of imax theaters, but seems to be holding up well there, too. >> how big are you ultimately going to get and where to next? >> the market we said about 450. if you add the theaters, we put in, we announced today those opened in backlog that gets us to around 275, 280, something like that. we're about two-thirds through. however, as the demographic and the income levels keeps going up, i expect that will go up. other markets that we have been going to that have been doing very well recently is western europe we were a little late to the game and the reason was because it had an established infrastructure and now we're building that out nicely. i think we're starting to see -- >> building out in western europe now. >> yeah. i think the old movie infrastructure was such it was hard to put in imax theaters in the markets and now with so limited growth in europe, i think the idea of taking an existing

that's giving a boost to the stock markets in hong kong and shanghai, though a different story for the japan benchmark index after hitting a new six week high briefly, the nikkei closing down 56 points following trade results from china. also fed minutes will be on the minds of investors this morning. minutes from the latest policy meeting out at 2:00 p.m. eastern. traders looking for any further clues on when the fed will begin to scale its bond buying program back. and we'll have more coming up on that with chief economist and managing director of global research. checking europe, right now red arrows across the board there, as well. cac off, ftse off, and the dax off. but not horrible. and brent pushing above $108 as china's imports of crude fell 7.4 7.4% from the previous month. the spread between brent and west texas intermediate narrowing slightly making wti more attractive to investors. >> blackberry is reportedly going to cut more jobs. "wall street journal" says the new cuts will come at middle management levels in the sales and support divisions. that would be on top of 5,000

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

there are still questions about calling back to shanghai and getting a connection for them. they lost everything from clothes to their telephones. the staff here is helping them make that connection as we speak because it was too early a fewer hours ago to call back to shanghai. now is the appropriate time to make that call to get hold of their family back in shanghai. someone can answer the phone there in the wee hours of the morning and they are awakening hopefully to a call from a family connection they have wanted to hear from all these hours. these are the stories that will come out the next few days as we get all of the patients a little more stabilized. as rachel said earlier, she will give you updates as they occur. i am just so happy to see so much of our life-saving expertise at work on an hourly basis here at the hospital. i'm sure this story repeats itself with all the other hospitals whether they are at st. francis or down at stanford. this incredible reaction of volunteers and doctors and surgeons coming to save these people's lives and to prolong and make sure

with this flight starting in shanghai, thank you for that update there. and an important bit of news there, south korean officials saying, the ntsb investigators already continuing to stay on top of that. we will keep you updated and we will look at the other majorer stories in the world today including the ongoing crisis in egypt. the supporters of morsi want him returned to power. the great outdoors... ...and a great deal. thanks to dad. nope eeeeh... oh, guys let's leave the deals to hotels.com. ooh that one! nice. got it! oh my gosh this is so cool... awesome! perfect! yep, and no angry bears. the perfect place is on sale now. up to 40% off. only at hotels.com to sha-cool. get it? [ male announcer ] new gold bond powder spray. cool, dry, no mess. stay cool with gold bond. to the right of the screen, live pictures from san francisco international airport as we update you on the breaking news, the flight came in for the landing right there, something went wrong. witnesses reported the tail of the plane clipping the edge of the run way. it spun around an

she's from shanghai and she talked about what it was like inside the plane. she also mentioned her 4-year-old son dissustain a broken left leg, but she was able to get out of the plane miraculously in a huge hole that she was able to carry her son and some of her bags out of the plane to get to safety. >> it sounds as though you were very calm throughout this. were you calm? >> sorry? >> were you scared at all? >> i had no time to scare. i had five family member in hospital. i needed time to take care of them. but yesterday night when i was in dream, yes, i was scared. i had no time to think. >> what kind of injuries did your son have? >> broke his left leg. >> how difficult was to get off the plane? >> not very difficult because we sit near the big hole in the plane tail. it's broken, yes. it's a big hole. and the passengers near the plane tail just walk out from this hole. >> you can describe the kind of passengers in the back of the plane in was it a group of high school students? >> yes, we had group passengers. i also see korean passengers because i sit

. >> we have learned several students were teenagers from a camp in shanghai. >> nationalities don't matter in a tragedy like this one. bird rah, thank you very much for sharing the details from your father. we have more details about this tragedy in san francisco. we know that two people have been killed and several have been injured. we'll go to sara sidener outside a hospital in france right after the break so stay with us. more of our special sunday continues on "new day sunday." [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem,

at san francisco international airport. 307 passengers and crew aboard that flight which started in shanghai, connected in seoul and landed in san francisco. 182 people were taken to area hospitals with injuries ranging from critical to minor. and two 16-year-old girls were killed. the plane was coming in dangerously low and clipped a sea wall and shiring off its tale and skidding to a stop and catching on fire. >> it sounded like we were about to land. the nose of the plane goes up a little bit. and we start hitting, hitting hard. and then we felt like we were going up again. that's why i said we felt like -- he was going to pull one of those miss landing and go back up. and it did not happen. if we flipped, none of us would be here to talk about it. >> an official investigation will take months, if not years. we want to go to cnn's miguel marquez. what do we now know pending the investigation of the flight recorder and other things, what do we know that can be considered facts that will contribute to our understanding? >> reporter: a couple of important data points. passengers on the plane

the flight actually originated in shanghai which is why you have so many chinese onboard. 171 of those onboard were from china. 77 south koreans. and 61 u.s. citizens. it left here yesterday afternoon. it's a ten-hour direct flight. and just had those problems on landing. but i think people here will be extremely relieved by the news that however terrible any deaths are, it's not worse when you look at those pictures, don. >> thank you. still very tragic, obviously. as i said, if anyone loses their life. yes, it could have been, as a cliche says, diana, it could have been much worse. thank you very much for that. just updating, as diana said, 291 people onboard. 61 of the 291 americans. 77 south korean. 141 chinese. and one japanese. we'll get back to diana. if we get any more information coming out of seoul. i want to go now to yin kong on the line with me. her brother-in-law was a passenger on asiana flight 214. so how is he doing? >> he's doing okay. he has a little injury in his forehead, and he's a bit injured. his leg. and his arm feels hurt. he's in the hospital. >> okay. you sa

. >> and flight 214 originated in shanghai before stopping in seoul, korea, the home base for asiana airlines. from there, a scheduled nonstop flight to san francisco. >> diana is in san francisco. what do we know from the officials there, either from the government or asiana airlines? >> reporter: well, asiana airlines, the ceo has given a press conference talking about what he knows. he says he doesn't think this was engine failure. this was one of their newer planes bought in 2006, this 777, and obviously, we've heard also from transport officials here that it would be easy to locate the black box, seeing as this plane crashed on the runway, but it may take as long as two years to actually fathom out what the cause is, and there are a team of korean investigators on route to san francisco right now to help the ntsb in their investigation. the ceo really just an abject apology to the people involved. let's just take a listen to what he said. >> translator: i am very sorry to worry families of passengers as well as our people. i bow my head in apology. >> reporter: he said that the

s a tragedy on so some people i mentioned schumer, when he went to shanghai and had conversations about china, it was like he was talking to a different man. find anybody more reasonable and amiable. full of in washington, fire. >> he was the head of the young democrats. college editor of the paper. we had certain tasks. area this point, the one where i think a troubled u.s. now most focused is threat.a china has sort of state-sponsored commercial espionage. view? your talkhad the opportunity to with a person in the fbi who's one of the people in charge of the warfare. again, cyberwarfare. made said to him, he just t -- wasn't that long, about the terrible threat with cyberwarfare. i asked him -- what i asked him i said, isn't it true that -- oh, don't worry. i've proven that. but we don't talk about that. and -- and i agree with that. and the people i talked with ast week made the same point too. i think the point one, the i don't think the u.s. used a state or cybercommercial end. other may be off of the threat. it's a cyberattack. it's something with confidence-building measures and

so for some people when they went to shanghai the had the conversations. you couldn't find anybody more reasonable and so on. but back in washington. >> i was the editor of the college paper so we had a certain tasks. >> the one area where the opinion is now the most focused is the cyber threat where they seem to be different from other states sponsored espionage. what is your view of that? >> i had the opportunity to talk with a person in the fbi who was one of the people in charge of the cyber warfare. and i said to him there is an influence on silo warfare meaning from china. so afterwards i said is it true [inaudible] [laughter] but we don't talk about that. >> i agree. people made that same point, too. i don't think the u.s. uses the state cyber for the commercial ends. it seems to be the distinctive trade. they used the nuclear weapons and the soviet union with confidence-building measures and all that. let me ask you different -- >> we are just having the two sides. the chinese -- last week the falafel of the response was the sort of thing that we n

your, from your cell phone when you're downtown, you need to think that maybe there's a teenager in shanghai doing the same thing with the air-conditioning for your phone or for your house or something else. the web has made the grid extremely vulnerable to hacking and to disruption from cyber effects, and that's not all. .. >> to make it even a little more unpleasant, there's another way to create an electromagnetic pulse of that sort and i would be with a nuclear detonation but it does not need to be a nuclear detonation carried by weapon as any actress at all or shooting at a target on land. at a city or anything like that at all. it me don't explode when and low-earth orbit, and we now have north korea has launched one satellite and had three nuclear tests. iran had launched three satellites, and someday before too long, my hunch will be, will have a nuclear test. if you have a satellite and it have a nuclear detonation, even a very simple one, having an electromagnetic pulse generated at 100, 200, 300 miles, wherever, over an area can produce either a total or a very, very close to tota

we know that the shanghai -- the theme park will be opening at the end of 2015. what would be the driver for disney which, you both are correct, much bigger company than just movies. >> well, a price tag is 12 months out. so the multiple gets rolled forward. earnings growth and you will see a higher -- you will see a higher stock price. the reason we are neutral is because that is the case for all of the companies. almost all of them. so we are not expecting earnings to climb for disney air anything like that. they're is a time and place. liz: quickly. no right down? >> we are actually expecting a write down and we have modeled at about 100 million. we will see where it lands. hard to project because there are some other international territories still and other studio windows that could monetize. liz: a neutral. anverweight. a pretty interesting report on this one. if you want to find that and reid, thank you. we appreciated. disney stock not getting heard. a company that does not seem to be smacked down too much. here is something that will be better than a mov

a unit in shanghai that has systematically attacked over 147 fortune 500 companies and stolen trade secrets and are undermining our economy. >> undermining our economy. the estimates are and they are -- i should stress, these are only estimates. we're talking about intellectual property theft by china, princilly by china costing the united states $300 billion a year. 1.2 million jobs estimated to be lost as a result of those cyber attacks on the united states and our intellectual property, whether it be in the public sector or private. how can this be toerated >> i mean, china is basically building their economy. not solely but largely on copycatting. they take our technology and you don't necessarily see the results of the copycat right away. it takes some time. but that's part of the culture and part of th economic culture. part of the reay the economic game plan there is toteal technology, to steal trade secrets and to use that to build their industry. by the way, the pentagon since then has come out with a report saying they're stealing our national security secrets. our big weapons des

even today, shanghai opened up a nice session in futures to coincide with ours. they traded 150,000 contracts. adam: you are going down the road that gold will come back. >> yes. i think gold will eventually catch up with inflation. right now, there is no inflation. adam: the open interest numbers that you were just siding tell me this is where you would want to get in. >> well, just last week people were asking themselves did they missed opportunity below 1200? we did get as low as 1179. it has also been the low for open interest. adam: okay. you actually see a potential for $1000 an ounce. >> the price of gold is a barometer of the well-being of the world. for the most part, now, gold has not been so important because of the strength in the stock markets. a lot of the people bought gold etf and they were latecomers. it seems that they are pretty well out of it. adam: would you say son, daughter, gold get back in? >> at least 5% of your portfolio. you have car insurance and you hope you never have used it. adam: even if we were to flirt with that $7000 bottom, i

we know this flight was a very long flight coming in from shanghai. a very long flight. you can see the layout of the plane here, from the front to the back on this asiana flight 214. you bring up a point of a near perfect record. >> it has had crashes. >> a crash from heathrow, coming in from beijing. has odd similarities. it crashed as it was approaching the runway. they were able to determine a few months later after the investigation there was ice blockage in the fuel line that led to that crash. we don't yet know and the asiana ceo said there were no mechanical problems with the flight. we don't know why the crash happened so close to the runway as did the one five years ago. >> they always said take off and landing the most dangerous time of the flight. i must say, when you're flying and 10 seconds away from landing, you think you're in the clear. that's the moment you're exhali exhaling, saying, okay. >> the tape went on, hit the sear the plane crashed the tape went on in the cabin saying we have landed safely, please keep your seat belt on, which was jarring. >>

in big cities like shanghai, change is especially visible. have just one child. they doubt whether their son will be able to look after them when they are old. >> we have to look out for ourselves. of course i'm concerned how it will be, but we do not know, especially as china was changing at the moment. >> demographic change is also shifting attitudes towards family. yet at the same time, alternatives like retirement homes are out of the question for many. >> people feel they are being abandoned by their children and relatives. retirement homes are normal in other countries, but we are not ready for them in china. many people simply cannot afford a good retirement home. >> and so the question remains unresolved of who will look after china's aging population. political, economic, and social challenges lie ahead. >> we will be right back. stay with us. >> welcome back. >> thanks so much for staying with us. a new law comes into effect in germany next month, guaranteeing every parent the right to a place in day care for children under the age of three. that was lo

shanghai with a heat advisory at 47 degrees. to north america, we have a couple of storms to talk about. let me start off with this one moving towards the leeward islands. that's a tropical storm watch. it could make a few landfalls as it maintains intensity as a tropical storm status. this is on the baja peninsula and still do watch out for the heavy rain to move here. severe weather will be moving into the great lakes region today. los angeles up to 35 degrees. well above average. here's the extended forecast. >> that's all for this edition of "newsline." do stay with us. # and waterfront dives of oakland to become the most popular novelist and short-story writer of his day, with such internationally famous works as "call of the wild," "white fang," and "the sea wolf." but along with his books and stories, he was also widely known for his personal exploits. you see, he was an honest-to-goodness celebrity, an adventurer, a rascal, a colorful and controversial personality.

these include an area in shanghai's p unong district. the officials did not give out details on when and how those zones will be set up. however, they said once the plan is implemented, it will make easier for foreign firms to invest in china. concerns have been mounting about china's economic outlook. this is due to the country's sluggish exports stemming from the advance against major currencies. foreign investments in china have also been sluggish. the chinese authorities aim to boost the economy by societying up these pilot-free trade zones. u.s. stock prices ended higher on wednesday. for more on the japanese markets, let's go to the tokyo stock exchange. >> let's have a look at the broader topics is also lower by 0.26%. investors seem to be cautious ahead of friday's key jobs reports. let's move onto currency starting with euro-yen. that's compared to the 130 level at around the same time on wednesday. market player saw the euro due to the situation in portugal and finance minister both resigned. this is casting doubts over portuga

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

quite hot in shanghai. heat warnings in place. 36 degrees for the high on friday. that could go down by 5 degrees into your saturday and up to 28 degrees in seoul. right in north america, a pool of moisture is surging in from the south with quite heavy rain and hisk of hail and thunderstorms and isolated tornados. back behind me is dry. on your independence day thursday looking quite dry in the northeast coast. nice conditions to enjoy fireworks tonight. across the west, we may see patches of thundershowers across the west, but mostly dry on the coast. speaking of the heavy rain across the east, the ground is already saturated. however still 100 millimeters or more is possible. flooding and particularly flash flood is going to be a major risk across the southeast coast. temperatures will be high and boston amazingly is 37 degrees for you. more than 10 degrees higher than sammy, but across the west is 32 in sacramento, 10 degrees more than what we saw on thursday. here's the extended forecast. . >>> that's all for this edition of news line. thank you very much for j

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

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

i want to point out shanghai here on our temperature chart, 38 degrees and bright sunshine. that's going to feel very intense indeed, but you're tapping into some of those showers a little further north in seoul. on into the americas. more rain here spread out across the eastern third of the united states. a lot of heavy rain. that's going to be the main concern here. but you'll also see gusts up to about 90 kilometers an hour. further towards the north along the u.s./canada border, we have the low moving through onontari. and more wet weather out here towards the southwest. we've been talking about flash flooding happening in nevada as well as in arizona. the suburbs of phoenix we were talking about very dramatic rescue there of people being air lifted out of their vehicle that got submerged in waters. well, things are going to be wet here into your monday as well. temperaturewise staying hot in the center of the continent. denver down through houston in the mid-30s there. little cooler up towards the northeast, new york tapping into some of those thunderstorms, 27 degrees.

other passengers onboard from shanghai were also quick to share accounts of the crash on social networks. judar thinks it's a miracle he's a live. the manager has post odd ven a scene a weaver -- waiver. he describes hearing a deafening noise before realizing there was a gaming hole behind him. >> they were 141 chinese passengers on boards including 130 high school students and their teacher about to embark on a language exchange trip in the u.s. two girls were killed in the hospital. many have paid their respects on the network pages. >> we're 22 millions collected on the streets, egypt's movement was that the origin valley of the islam black president moment morris si. it meanings rebellion. they are also aopposed have missed authorities that have been leading the country since the arab spring. this in particular idea. he's call for the disasolution of the national constituents but which they belief they're trying to embed religion from the cause of constitution. >> they have a lesser extent like libya. >> now i've seen the various political parties delaying the pick. >> and condemning