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 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

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

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

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

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

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

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

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

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

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

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

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

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

temperatures are scorching hot at 40 degrees in chongqing, do stay hydrated and shanghai at 39 degrees. moving over to north america, we've got a cold front that's still hugging the coastal line. so here across the area, thunderstorms, new brunswick and new england these areas will find 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.

shanghai is reaching 39 degrees, quite a dangerous level. even western japan is in the bulk 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. and due to the tropical moisture from gulf of mexico, this is the collision and thunderstorms are very active across the southeast. another area we're looking at thunderstorms, and this one actually could even 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 temperatures but houston's reaching up to 37 degrees and phoenix, 41, las vegas in the 40s, too. let's move over to

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

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 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

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.

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

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 ly estimates. we're talking about intellectual property theft by china, principally 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 tolerated? >> i mean, chi 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 t culture and part of the economic cuure. part of the really the economic game plan there is to steal 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 de

shanghai, mid to high 30s as well. towards the americas, what's going on here as far as the upper level low which is still spinning over texas, drawing in moisture from the west. portions of northwest new mexico seeing heavy showers and risk of flooding and flash floods. this will weaken out but really pop-up thunderstorms across much of the northeast at this time into the midwest and great lakes. you see this set upright here? this will drift in from the north. there's a risk of severe weather thursday and friday. main reason is because it's very hot and humid. the atmosphere is unstable across the great lakes. 34 in chicago, 32 in toronto. new york at 35. what it feels like due to the heat and mugginess of the atmosphere, some places into the 40s. you'll want to stay cool especially in some cities where you don't have air conditioning in a few places. so it really is going to get quite hot. a similar picture right now into southern france towards northern italy, showers there. a few could become strong. look at a hig

. >> 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

china shanghai index closing up 1%. china's gross domestic product slowed a bit. futures point to a slightly higher opening this morning. and that follows a little bit of a gain on friday. big news this morning in terms of earnings city group reports a 26% rise in profit. that stock lock looking to go up. the banks have been doing quite well. the price of crude oil up as political tension in egypt continues. this morning crude oil hit just about $106 a barrel. it did slip closer to 105 in the last hour. analysts say a $10 increase usually means gas prices will go up about 25-cents a gallon. >>> a violent attack at the sacramento zoo. what force do officials use to euthanize their 20-year-old snow leopard. >>> more than idol hopefuls will be lining up in the bay area. what you need to know. >>> traffic looks good on the east shore freeway. however university avenue here there is something going on on that overcrossing. police are there. good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios ha

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

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

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

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

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 >> 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 looking problematic wi

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

currently, beijing and shanghai are the only cities with vehicle restrictions. the faa is out with new regulations for co-pilots. the faa has been working on sweeping industry changes since a 2009 plane crash near buffalo, new york. the tragic weekend crash landing of flight 214 in san francisco is raising questions about pilot experience in the cockpit. the new guidelines could require first officers to have at least 1500 hours of flying experience versus the current 250. on to an update on earnings news: high-end retailer burberry is impressing wall street with a 21% increase in global sales. china was especially strong. the retailer continues to attract wealthy chinese customers with its fashions. back in the u.s., discount retailer family dollar reports that earnings fell 2.9% as customers make tough spending choices between needs and wants. a test vote on a proposal to lower interest rates on student loans has failed in the senate. interest rates doubled to 6.8% july first. democrats wanted to retroactively roll the rate back to 3.4%, but the measure came u

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

it's ages 13 and up but my first man was in shanghai learning english as a second language. i started in september when i was abroad in london and i followed until now and i'm planning on doing it when i go back to college. it's great because i take classes. i'm sorority but when i come home at the end of the day i can tutor him. >> earn money. >> create a resume. >> just spend whatever you have got. baby silting, anything, put it on there. >> do your research. >> a lot of programs are available flt summer programs for your state and local government. look into if there's anything like that. >> advertise your availability. >> a lot of these sites you can set up your own profile and let the work come to you instead of going out to get it. post on these sites. post on facebook. put the word out to your family and friends and get out there and do it. >> be creative, be enterprising. good combination. lucy thank you as well. >> up next, struggling to find a weight loss plan that works for you. we'll have the best of the best when it comes to new diet books. but first, this is "t

tokyo tomorrow at 34. 37 in shanghai. 36 in chongquing. let's talk about chantal, headed toward the caribbean. it's going to be weakening. it's already weakened off. the winds at 75 kilometers per hour. that's good news. we have tropical storm warnings for puerto rico and the bahamas. we'll see the system headed up toward florida over the weekend. but whether it's going to be a weaker system, fall apart we are not sure now. so keeping a close eye on oh out. you are certainly going to see significant rainfall and it will be windy, too. do keep looking at those broadcasts for your vicinity as well. all right. into the bigger picture here we have the heavy rain targeting eastern portion ohs of canada from quebec down to the southeast. we have a few systems making things wet. storms could turn severe all the way from the northeast down into the central plains here. that's just stretching into the eastern tip of the four corners. severe weather. that could mean golf ball-sized hail, gusts up to 100 kilometers per hour. of course the rain as wel

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

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

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

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

their parents along with the parents of our students that survived left shanghai monday headed to the u.s. to be with their children. a dozen of those classmates met yesterday with the chinese consul general. many undecided whether to return home or attend the camp without their two lost friends. for "cbs this morning," anna werner, san francisco. >>> there are new questions coming out of washington about how to handle the crisis in egypt. the country's interim president has announced plan to hold new elections in six months. that's doing little to calm the fears the country is descending into chaos. yesterday was the deadliest day since president mohamed morsi was ousted. john dickerson is with us. good morning. >> good morning. >> you see the white house walking a very fine line on this. you have lawmakers saying we should end this massive aid we give egypt. what take does the white house ake on this? >> you see yesterday the white house not calling it a coo. when you have the military removing the democratically elected president, people being beaten in the street this is not a dem

shanghai getting up to 38 degrees. another sweltering day on wednesday. tokyo, 34 and staying dry. 36 in chongqing. towards the north, a little bit cooler in the upper 20s there. and quite unstable. and we'll see some scattered thunderstorms down towards the south. all right, on we go into the americas. and severe storms are erupting here across the northern tier of the u.s. and into canada as well. you can even see some tornadoes with this system. it's bringing winds of up to about 100 kilometers an hour. you could see golf ball sized hail and also some rain, heavy enough to cause flash flooding issues. so there's your severe area. and it's quite wide dipping down all the way down into kansas. much of the eastern two-thirds of the continent is going to be dealing with rain. but the central plains further down towards the south as well you've been dealing with some really extreme heat. temperatures in the mid-30s in denver, into oklahoma city as well as in houston. things are looking very hot indeed. and quite unstable too. up towards the northwest much m

. >>> and shoppers can buy live chickens again in shanghai. their sale has been banned the past 2 1/2 months because of fears over the bird flu virus. >>> egypt's interim president is calling for calm after days of unrest. supporters of ousted president mohamed morsi want to bring him back to power. they faced off against soldiers at a rally in cairo. at least a5 51 people were killed. chi aaki ishikawa reports. >> reporter: voted mohamed morsi into office a year ago. last week, they saw him removed from power. morsi's supporters camped outside the army barracks, where he is believed to be held. troops moved in and opened fire. >> translator: a person beside me with his shot in the back and fell down. >> reporter: government and military officials showed video to support their defense. they say they burst into the building and then opened fire. the generals have name ed an interim president. he said egyptians will have a new constitution by the end of the year and he says next year they will vote in parliamentary and presidential elections. bu