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

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

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

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

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

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

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

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

for "cbs this morning," seth doane, shanghai. >> who doesn't love a hershey's kiss, right? >> me, me. >> you do love them. >> i do. >> we learn new things about him every day. >> you meant to say you do love them. >> i do. >> i love hershey's kisses. >> we'll learn what it takes to make announcer: you're on the right track to save big during sleep train's triple choice sale. for a limited time you can choose to save hundreds on beautyrest and posturepedic mattress sets. or choose $300 in free gifts with sleep train's most popular tempur-pedic mattresses. you can even choose 48 months interest-free financing on the new tempur-choice with head-to-toe customization. the triple choice sale ends soon at sleep train! ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ people switching to finish are experiencing amazing shine. quantum with new power gel delivers brilliant shine which cascade can't do. take the finish shine challenge and see what it can do for you. a vigil is planned tonight for it will >>> it's 8:25. i'm michelle griego with your kpix 5 news headline

china's shanghai composite finished in the red, down 1% despite very strong june fdi data. financial stocks let the losses while the country's finance minister said beijing is unlikely to launch any major fiscal stimulus this year, but willmake a greater effort to press ahead with reforms. in hong kong at the strength in coal and cement stocks helped hang seng end in positive territory. the top gainer was china shin with a shinhua, can we have the board, please? the stock surged 5% after posting a solid increase in revenue last month. and a gold jeweler higher by 6% thanks to a big jump in the same store sales in hong kong, macau and china in q 1. this come one week after they posted higher numbers after investors swept in to buy gold on the cheap. to australia, billiton shares up more than 2% today after posting a record production report. surf ware maker billabong surged more than 30% on news it has clinched a rescue package to settle its debt. back to you, karen. >> sixuan, thank you very much for that. >>> fed chairman ben bernanke goes before congress today to deliver

goat exchange and shanghai people are buying gold and they are taking delivery of gold and they're doing so in big numbers huge numbers and you know when it's compared to mine production or even the imports that we're saying going from hong kong to china it's overtaking or at least reaching these levels on a weekly basis is what we're saying say all that physical is being pumped out of the us is just making its way to china how much. is flowing into the crowd to say it's flowing from west to east gold market well i would certainly say you know if you're looking at the federal global production that it's nothing's meeting. anywhere any other demand anywhere else in the world so it's going to china but we've been saying they rise in imports a long time from hong kong to china say all of that gold is going into hong kong it's being shipped instantly china people take delivery of it i think in the last quarter imports from china from hong kong is up sixty eight percent you know and last time i was on the day after we chatted the gold price fell quite significantly and has fallen again since

the shares traded modestly higher today in shanghai. >>> glaxo smithkline says it is deeply concerned by corruption allegations in china. they have accused the british drugmaker of being the ring leader in a multimillion dollar bribery scandal saying it used agents to bribe doctors and officials for sales. it is cooperating with authorities and stopped using travel agencies identified in the investigation. glaxo shares today off half a percent in london. >>> in japan, the nikkei ended hi higher. let's get more, joining us from tokyo, sushiko. >> fuji heavy industries rose 1.7% today after the nikkei news reported that the firm's expected to report a record quarterly operating profit. it is posted to around $700 million operating profit for the april/june quarter, up 300% on the year. the strong profit is supported by solid sales overseas of new car models. may was a monthly record. as one of the major exporters in japan, the weaker yen lifted the company's privating profit by more than $200 million for the quarter. sales also grew in the domestic market as well. and cost cutting effor

you had your own experience with all that didn't you didn't you spend all your money in shanghai more or less. that's why i'm going to spend it now. i'm going to book the most expensive hotels. with the most expensive restaurants. terrible picture i just like a joke. i don't think so goes a great artist. but i don't think it's a con man award. if you don't like the painting given a thing it's up to the person. i asked him to buy tea for the painting he seemed to understand. but then he went away. well. it's a tough job you have to take a risk just to get some food it's not difficult it's just not the way usually do things so how do you do. it together. you have to plan it all in advance friend so you ask me. if you ask me to make a port that i made that i ask. for this where is my teeth. ok. i made it. it's for gifts not for free. sure you get used to people's attention very quickly the people around me usually help organize it all but nobody knows me so things are a bit different. i don't know what it means to escape from yourself quite the opposite i am trying to find myself and i a

just to get by while travelling in china i went to shanghai i felt i could live there it was the moment the project actually started a russian girl living on the floor below me was going to leave. the one day i came to see her i'm noticed an easel there i was looking for one of the time. so i asked her to sell it to me but she didn't want to do that but it was a friend's gift apparently. that is why i offered to swap for it instead i gave her a painting in exchange for the easel it was my first barter so good when i got the idea to organize it as an art project which is your job. i started to get letters from each. one of them was from a couple that was going to get married and want to back kind of portrayed as a wedding present for themselves. but i had already left odessa so they're asked if i could do it over skype you know yes yes they told me they could give me all i need for my travel in return. so i asked if they could pay for the tickets from adesa to stumble they agreed and as a result we had a skype portrait session now and waiting on the tickets. if i decided to take annie as

. >> 24 million people live in shanghai. the local dialect is struggling to survive. >> do you speak shanghai nese? >> no,i don't. my son was born in shanghai, but doesn't speak it. >> i don't speak it well. >> china is said to have 130 languages including dialects and languages of ethnic minorities. about 40 years ago, the goal designated mandarin as the nation's official language. school education raised the number of people who speak chinese to 60%. the number of young people who can speak the language of their own region is falling sharply. >> some buses have started to announce both in mandarin and shanghai nese dialect. it has been received well, particularly among the elderly users. city authorities are also considering using the dialect in the subway system. >> translator: i was born in shanghai. i appreciate the shanghai nese announcement. >> translator: the city has too few localized services like the announcements. i want more services like this to make sure that the shanghai dialect won't be lost. >> another effo

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 enjoyed its best day in seven months, up 3.2%, rising hopes that beijing may introduce supported policies to boost the economy. hang seng in hong kong chocked up stunning gains of 2.6%. the money rates climbed to 3.8% after the pboc once again didn't conduct any open market operations. but that didn't seem to bother investors at all. and banking shares powered ahead with ping an and industrial up by 10%. and the sentiment lifted eight brokerage stocks to their daily upper limits. poly real estate jumped over 6% today after reporting a 35% rise in its first half earnings. also market chatter that authorities will lose finance policies for property firms. as for the region's exporters, japanese electronics stocks lost ground today as the yen gained strength after the boj decision and bernanke comments about keeping the qe continue also weakening the u.s. dollar. but foreign buying propped up south korean tech shares. samsung electronics jumped over 5% in today's session, extending a three-day winning streak. and i have to show you the extraordinary gains among australian

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

nhk world reports. >> reporter: this supermarket is in the suburbs of shanghai. live chickens have just hit the shelves for the first time in two and a half months. many people have been waiting for this day. shoppers rush to buy the live chickens. >> translator: live chickens are much better because they are fresh. >> during the bird flu epidemic, the world health organization suspected the market selling live birds to be one of the roots of infection. to prevent the disease from spreading, shanghai city closed its live poultry markets. the number of infection cases declined. with concerns still remaining, we asked people in shanghai which they prefer, live chickens or prepacked meat. >> translator: live chickens. they're fresher and taste better. >> translator: i prefer live poultry. bird flu is over. we just have to be careful. >> of the 30 people we asked, 21 said they would buy live birds. during the ban, prepacked meat was sold instead of live chickens, but it wasn't well received by consumers. in the shanghai area, most people buy live chickens at market a

when he went to shanghai, had conversations in shanghai about china, it was like you were talking to a different man. you couldn't find anybody more reasonable and amiable and so on. but back in washington, full of fire. >> he was the head of young democrats in college. i was editor of a college paper. we were each set on a certain path years ahead. just on this point the one area where i think a elite level u.s. opinion is now most focused and suspicion of china is the cyber threat where china does seem to be different from others having sort of state-sponsored commercial espionage. what is your view of that? >> i had the opportunity to talk with person in the fbi who is one of the people in charge of cyber warfare and, against cyber warfare. and i said to him, he just made a talk to a club i belong to about the terrible threat and influence of cyber warfare mainly from china. so i asked him afterwards, i said, isn't it true we're pretty good at that stuff too? he said, oh, don't worry about us. we're the best. [laughter] we don't talk about that. and -- >> i agree with that and the

it's located in a non descript building in shanghai. mulvenon says the frequency and severity of attacks are reaching new highs, and that the u.s. government and american industries have had enough and are mobilizing. >> chinese cyber hacking has been going on for a long time. what's new is that were finally fed up and want to do something about it. >> reporter: republican congressman mike rogers, the chairman of the house intelligence committee has proposed legislation that would deny issuing visas to chinese citizens involved in cyber theft, and to freeze their assets, too. >> this is all about making sure that those actors that we can identify, and believe me we can identify them. they understand that they understand that there is a cost for their cyber espionage. >> reporter: democratic senator carl levin and three senate co- sponsors want to take the profit out of cyber-crime. they've introduced legislation that block products that used stolen intellectual property from entering the u.s. market. >> you got to hit people in their wa

able to turn down the air-conditioning on yourself when you're downtown, maybe there is a teenager in shanghai during the same thing. grideb has made the extremely vulnerable to hacking and to destruction from the cyber-effects. that is not all. so therery century or is an electromagnetic pulse that is called an ejection from the sun. that is much larger than the ofmal solar flares, millions times larger. it has been over a hundred years since we last had one of these but i think most people who are -- studying these issues are definitely in agreement that our electric grid could be severely damaged and to the point of destruction by a single seller event of that type and we have not decided since we have not had one of these since the 1880's. we have not designed the grid in such a way as to withstand something like that. to make it even all it'll more unpleasant, sorry, there is another way to create an electromagnetic pulse of that sort and that would be with a nuclear detonation but it does not need to be a destination carried by a weapon that has any accuracy of all or shooting at a targe

when you went to shanghai, conversations in shanghai about china. it was like you were talking to a different man. he could not find anybody more reasonable. but back, the head of young democrats could sell was the editor. set on a certain path. and just wanted this point, the one area where i think the u.s. opinion is now most focused is the cyber threat, where china does seem to be different from others and having state-sponsored commercial espionage. what is your view of that? >> i had the average into the to talk with the person in the fbi who is one of the people in charge of cyber warfare and against cyber warfare. i said to a.m. -- he just made a talk about the terrible threat an influence on several warfare, many in china. i asked him, isn't it true that we are pretty get that to. hello, where the best. but we don't talk about that. >> i agree with that. people last week made that same point. i think one of the differences -- i don't think the u.s. uses state, cyber, or commercial ends. that seems to be china's distinctive traits. three cybe

early this morning they boarded a bus in southeastern china headed to the shanghai airport from shanghai they had a layover in seoul, south korea, before getting on another plane to san francisco. chinese media reports that once they land they will go directly to the hospital to see the teens being treated. >>> meantime, some of those passengers from asiana airline flights 214 returning home to seoul, south korea. 11 of the 77 koreans on board the plane flew back this morning. some of them showing signs of injuries. you can see here one of those young woman wheeled to a waiting ambulance. also, a candlelight vigil being held in the hometown of the two chinese teenagers who died in that crash. mourners, mainly school-age children lighting candles and then placing them out there on the ground in the shape of a heart. >>> we'll have updates on this investigation throughout the day and online. that's our website at nbcbayarea.com. you'll find more information about the flight boxes and animation that shows what the moment of impact looked like. that's also at nbcbayarea.com. >>> we've just l