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

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

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

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

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

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 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 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 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

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

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

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

. >> 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

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

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. >>

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

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

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

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

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

chongqing at 36 degrees, shanghai you have a heat advisory at 37 degrees. now to north america, a couple of storms to talk about. let me start with this one. this is moving towards the leeward islands. chantal has a tropical storm warning posted in puerto rico and tropical storm watch in the virgin islands. looks like it could make a few landfalls on its way as it maintains its intensity as a tropical storm status. this is just west of baja peninsula. eric will be decreasing its intensity. good news. it will become a remnant low, but still do watch out for the very heavy rain to move here. severe weather will be moving into the great lakes region today. chicago at 31 degrees with chances of thunderstorms. los angeles heating up to 35 degrees, well above your average. here's the extended forecast. >>> we wrap up this program with a look at how some hotel managers are helping their guests survive a heat wave. staff at a hotel in urayasu near tokyo strung about 300 wind chimes along the corridor. they say the tinkling sound has a cooling effect. some of the ch

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

cctv, shanghai. >> music and technology go hand in hand. it becomes increasingly difficult and less lucrative to sell music, artist's are relying tech companies more than ever. the companies are moving beyond creating sounds for artists into marketing and distribution. >> jay-z's new album, magna carta holy grail, has not officially been released, but it has ordered gone platinum. well, sort of. these extensive not by one million copies of the record, which would traditionally give patent status, but samsung today. they are giving away one million free downloads of the album to users of the galaxy phones. it will be available through an app as of july 4, 72 hours ahead of the official release. media experts think this will help samsung sell more phones and drive more traffic to the online music store. >> it is about brand image. this is a market that is very sensitive. if you have people perceiving jay-z as being hip, that helps the overall brand. >> not all celebrity endorsements help. alicia keys'involvement with blackberry has not revita

very hot in shanghai going up to 37 degrees for the high on thursday. it will stay almost the same into the weekend. heating up once again to 30 degrees and shooting up to 30 in tokyo and more sweltering conditions are on the cards for you as we go into monday. tokyo shooting up to 34 on saturday and sunday. the average temperatures is only 28 degrees. sendai, 31 for you over the weekend. so get hydrated and take precautions against heat stroke. in north america, as we have been reporting, there are three distinctive features over the u.s. record high temperatures across the west and cool and dry conditions in the center and lots of thunderstorms across the east. but we're going to see some changes as we go into the independence day. the frontal system will move towards the southeast so the northeast coast including new york city and washington, d.c., will see some dry weather on your thursday. so that's good news. but heavy rain and thunderstorms will continue across the southeast. even tornadoes cannot be ruled out for the next several hours. but acro

as far as temperatures though, shanghai with a high of 38, seoul at 29, seeing showers here. tokyo, cloudy skies but don't be surprised if you see an afternoon thunderstorm pop-up especially inland going through wednesday afternoon into the evening hours. let's talk about the americas. really, it's the meandering jet stream out here which is dominating the weather pattern right now. i'll show you what i mean here. over towards the west we have this high pressure ridge. and look how far north that jet stream is continuing to push. then it dives down into the gulf of mexico where you have this low pressure area though that is the air being lifted up. and it's also dragging in this moisture in from the south off the atlantic pushing it on shore. the next several days many areas see about 50 to 100 millimeters of rainfall. already flash flood watches in effect here as well. and even some strong storms, actually a tornado reported in new jersey. so this is going to be continuing to be a problem through the next several days. it's just the fact that this is lingering, it's not goin

and quite hot in shanghai. heat warnings in place. 36 degrees for the high on friday, but that could go down by about 5 degrees as we go into your saturday and go up to 28 degrees in seoul. in north america a pooling of moisture is in the south. up to the ohio river valley with quite heavy rain and a risk of hail and thunderstorms and tornadoes but back in the northeast coast, it's dry. and on your independence day, that's on your thursday. looking quite dry across the northeast coast. nice conditions to enjoy fireworks tonight. across the west we could see patches of thunder but mostly dry across the west coast. speaking of the heavy rain across the east, the ground is already saturated. however, still, an additional 100 millimeters or more is possible into friday. flooding, particularly a flash flood is going to be a quite major risk across the southeast coast. temperatures are going to be quite high across the northeast coast. boston amazingly 37 degrees for you. but across the west, the heat is easing, 32 i

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

they took a bus from their hometown to shanghai boarding a flight for california accompanied by two teachers from the school and four government officials. they plan to visit with injured students then receive their daughter's remains. you can express your support for victims of the asiana flight 214 by sharing this badge on our facebook page. as well as on google plus. >> let's move on to another aspect of the story. that is the airline passengers who are still feeling affects of flight schedules that have been delayed or cancelled because of the crash. that story coming up at 6:30 plus those cramped seats everybody complains about? they may be more than just uncomfortable. they can be unsafe. michael finney will explain why some are concerned about that. >> and still to come on abc 7 news at 6:00 a major delay on the new span of the bay bridge and a new price tag as well. what is driving this set back. >> and where investigators found the body of a person missing in a devastating apartment fire on the peninsula. >> it will be warm again tomorrow but a cooler pattern is developing i'll have

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

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

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

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

it's not clear at this hour if their plane had left shanghai. chinese state media reports once they land they'll go direct tloi the hospital to see the teens being treated. the students and teachers who are out of the hospital and not hurt are currently staying at a local hotel. >>> some of the victims of that crash was still being treated at san francisco general hospital. that hospital says it's received 53 patients immediately following that crash. half of them adults and half of them children. of those patients, 36 have already been released. 17 still remain hospitalized including six in critical condition. we're learning this morning all seven children taken to lucile packard's children's hospital have been released. they were some of the 55 people rushed to two stanford hospitals saturday. ten adults remain in that hospital at stanford this morning. as for the other local hospitals, st. francis says it has one remaining patient, but he or she is not in critical condition. st. mary's has four patients remaining, none in critical condition.

earlier this morning, they board add bus in southeastern china headed to shanghai, that airport in shanghai. they're expected to land any minute seoul, south korea and proceed on to sfo. chinese media reporting they will go directly to the hospital to see the teens still being treated. >>> we are getting an update on the number of victims still hospitalized. san francisco general received 53 patients after the crash. 36 have been released. 17 remain in the hospital, six in critical condition. at stanford, all seven children taken to lucile packard children's hospital have been released. they were some of the 55 people rushed to the two stanford hospitals on saturday. ten adults remain in the hospital in stanford this morning. st. francis says it has one remaining patient but he or she is not in critical condition. st. mary's has four patients remaining, none in critical condition. >>> a scott's valley man thankful to be back at work. he was one of the survivors from asiana flight 214, his name, elliot stone, owner of the elite martial arts academy. he was greeted by the welcome home sign fr

reporter: today in china the distraught families of the two 16-year-old girls killed in the crash left shanghai for the united states. while in korea, survivors of the crash returned home to begin long and painful recoveries. in san francisco, the focus on men and women who answered the call to duty. >> we're the only cavalry that was there. nobody else was coming right away. we had to stand there and whatever we could do, we had to do it. >> reporter: risking so much to help so many survive. john yang, nbc news, san francisco. >>> on another front, the ntsb is also on-site tonight in alaska where the crash of a prop plane has killed ten people. the dehavilland otter sea plan crashed at a small airport about 80 miles southwest of anchorage. all nine passengers believed to have been from south carolina. one witness said the crash occurred on takeoff. >>> in canada tonight, we're learning more about what may have led to a runaway train disaster, a huge explosion and fire over this past weekend. at least 13 people were killed initially. several dozen still missing tonight after tank cars filled wi