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

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

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.

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

already at 38 in shanghai so heat advisories and warnings are posted widely in this region. that includes nagoya as well at 36 degrees today. tokyo looking at 32 with sunny spells. into the afternoon and evening hours, showers and heavy rain will be possible. heavy rains also possible across the four corners and southern california here in north america. same distinctive feature with the eastern half of the continent looking at very messy situation. today we're looking at some severe thunderstorms across this area into the lower mississippi valley. but starting tomorrow, tuesday, this is going to be focused here. so more severe weather to come and we cannot rule out the chances that this could be spawning even tornados. towards the four corners region, this is going to be an ongoing situation with flash flood warnings and watches posted widely across california and into new mexico and that includes the four corners region as well. towards the north of that, we have a heat dome that's preventing things from cooling down. take a look at that boise still at 37. salt lake city a

and temperatures are quite soaring in shanghai, 37 degrees for you this. is the closest area. we don't usually see this high temperature, even in the middle of summer. and bangkok with seasonal thundershowers. north america. the main story is going to be the heat dome covering the eastern third of the u.s. temperatures are quite seasonal, going up to the mid 30s in places like boston, chicago, and new york city. dangerously hot there. and with the high humidity, you would feel more like 38 degrees or higher. so watch out for that. and quiet cool and wet across the southern plains. and same scenario for the next couple of days. mostly dry for the west, and temperatures quite mild in the north. 26 for vancouver. 27 in seattle. and finally, in europe then, mostly no cloud cover across the continent and the british isles. temperatures are quite hot. we'll show you the figures in just a moment. we are seeing some afternoon thundershowers with the pyrenees in the alpine regions. and as you can see, over 30 degrees in some places. 35 degrees, 30 for london, paris, as well as vienna o

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

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 i just don't give anything it's up to the person. i asked him to buy t. 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 may the board you ask me to make a port that i made that i ask t. for this where is my duty. 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

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

take a look at shanghai. 38 degrees, well above your average, with plenty of sunshine there. now to the americas. we are looking at chantal, a tropical storm system. it looks like it's going maintain its intensity as a tropical storm. and it is already bringing hurricane-force winds. so we do have hurricane watches posted in some of the countries, especially espanolia. looks like it will be tracking towards the countries and into florida peninsula. talking about the east coast, we're seeing lots of rain and severe thunderstorms. we have several reports of tornadoes already falling from this phenomenon. to the temperatures, as we see, death valley reaching 48 degrees, quite hot there, or sizzling willing hot. some people are actually -- they know how to cool off, especially in new york. let me show you a picture coming up from there. some new yorkers are escaping from the blistering heat at this newly opened bar called minus 5. the temperature remains minus 5 degrees celsius. everything here made out of ice, including the bar, glasses ask tables. the admission fee is 20 u.s. d

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

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. # captioning sponsored by macneil/lehrer productions >> ifill: investigators tried to determine today why the jet that crashed at san francisco's airport saturday was flying too low and too slowly. good evening, i'm gwen ifill. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we get the latest on the accident, which killed two chinese teenagers and sent more than 180 people to the hospital from the head of the national transportation safety boar

our country if we didn't pass this bill we could find london or frankfurt where years down the road shanghai becoming the financial capital of the world. now that the first guy we saw was mr dodd who put the dog in dodd frank he got that a little bit wrong then he got that wrong jack reed would say today that he he regrets those words and mr schumer unfortunately because of this they have made singapore and london the financial capital of the world because with investment banks no no national borders and we talk about competitiveness what is it competitive that goldman sachs for example with its thirty two thousand employees has five thousand in london they are not american foreign exchange students they are london citizens paying the london payroll taxes competitiveness is a feel good word that actually means exporting american jobs what it could also mean regulatory arbitrage and not only between different countries but even in the states that we have them right yes regulatory arbitrage is the same thing as when a teenager wants the car keys and mom won't say yes so they go to dad so if yo

i've been convinced of the asia pacific region as hong kong and shanghai. right now and the decision to reduce the corporate taxes in the forest to make this easier but again nobody is thinking seriously both to transfer and crush into the not sure sure sure country when it's an idea it's a work in progress or you guys actually were not all make a subtle and i'm sure place. we will try to. do this but we are not. we are not trying to perth various financial services in so wholly in our east to make society in to. give us the. places convenient for investments i wonder what japan will say about that i think then japan will start cooperating with us even. islands and. from pragmatic point of view not a political point of view. going cause of the crew islands means putting money in. and trying to take quite away from from russia well here's another graph let's take a look at that this crap actually shows that western european countries generate more offshore wealth than anyone else in the world pretty clear that you want so sure is down and out of existence ri

are being committed to in the asia pacific region as hong kong and shanghai. and the decision to reduce the corporate taxes in the forest to make this easier but again nobody is thinking seriously both to transfer and crush into the not sure. sure country and it's an idea it's a work in progress or you guys actually were not all make a subtle and all sure place. to. do this but we're not. we're not trying to perth various financial services in so holy in. our wall used to make so holy in the. in the three more secret i would give us the. place is clean for investments i wonder what japan will say about that i think then japan will start computer eating. even. islands and. pretty much a point of view not a political point of view. going because of the crew arlen's mean money. and trying to take quite away from russian well here's another graph let's take a look at that this crap actually shows that western european countries generate more offshore wealth than anyone else in the world pretty clear that you want so sure is down and out of existence right i mean i

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