australia's government would say they didn't have to come to australia by boat, that's where they end up and they are supposed to be unpleasant places because they are a di deterrentr others to follow the pass, they say the policies have worked the boats stop are stopped coming, some in australia say that europe should look at australia'australia's example. but the hume cost of those in the camps not to mention those who haven't gotten on boats and who have, who knows what happened to them whether they have taken other routes to other places and come to harm there is very unclear, of course if all countries adopted australia's tough, tough stance towards refugees then where would the current crisis be at? it's a very, very controversial issue. and this particular bit between australia and cambodia looks like it could be off but australia's government for the moment is denying at least formally that it is off. >> all right, andrew, thank you very much for that. andrew thomas live in sydney. >>> now thai police are looking for two new suspects in a recent bombing in bangkok, they issued

his blood they said could be the answer to a baffling problem in australia. >> in australia up until about 1967, there are literally thousands of babies dying each year and doctors didn't know why and it was awful, though women having numerous miscarriages, babies were being born with brain damage. researchers discovered and james was discovered to have this anti-body if his blood, which is amazing. >> it's a condition where a pregnant's woman's blood attacks her unborn baby's blood cells. in the worst case, it can result in death or brain damage for babies. >> they have this anti-body. so it was quite revolutionary at the time. james has effectively helped babies in australia. but he's helped babies all around the world. >> james worked with doctors to develop a vaccine using the anti-bodies in his blood. a vaccine his own daughter even ended up needing. >> that resulted in my second grandson, he was born healthy. it makes you feel good, yourself, that you have saved a life here and you saved many more, that's great today we're making my 1001 do you nation. >> as he's done so many t

people from coming by boat to australia and some politicians in australia said that european leaders could learn a bit troll the tough approach but advocates say the boats have stopped but at what human costs. >>> looking for to suspects in a resent bombing in bangkok and arrest warrants for a 26-year-old thai woman and a man after searching an apartment and uncovered fertilizer and explosives and a detonator and on saturday they arrested an unidentified foreign man, at least 20 people were killed in the bombing at the erdiwan shrine two weeks ago. the tallest mountain being renamed and barack obama is heading to alaska to make it official. alaska long called the mountain da -- denali and president obama is calling for action on clie it in change and daniel lack reports. >> reporter: this week president obama will see for himself the glorious landscape of alaska and how it's being devastated by climate change. glasers and perma fras and it's washing away communities forcing people to flee. >> if another country threatened to wipe out an american town we would do everything in our pow

australia, western what is going on there? what does the mining community thing elmore bloodletting there -- and more load letting their? we will be joined by paul allen. and we will have jean sterling. talking about the mood. what is going on with a hillary clinton camp. shery: a lot to look forward to. that is it for "first up." ♪ mom has always been one of those people who needs to keep busy. if she's not working in her garden, she's probably on one of her long walks with bailey. she was recently diagnosed with a heart condition. i know she's okay, but it concerned me she's alone so often. so i encouraged her to get a medical alert button. philips lifeline offers the best options to keep her doing the things she loves in the home she loves. if she ever falls, or needs help, i know we can get to her quickly, and with her condition that can be critical. and even though she doesn't typically go far from home, the button always goes with her. these days, she's still as busy as ever. just the way she likes it. innovation and y

one country looking nervously, australia. exports to china were worth $64 billion. $32 billion was iron ore and coal. but as china's economy slows down, so does demand for these materials and prices are tumbling. four years ago at the height of australia's mining boom, iron ore peaked at $200 a ton. now it's $52. and the price is coal has halved. >> reporter: until recently australia's economy was known as the wonder down under. that's changed. commodity prices have collapsed hitting australia hard. the downturn is felt in towns like singleton where restaurants have closed and shops are empty. this car dealer is still in business, but seen a 30% drop in sales and has been laying off staff. >> it's a belt-tightening for us. we had 40, 50 people here five years ago, we are down to 25, 30 people to keep the business afloat. >> the reason is the economy is tied into the coal industry. mines surround the town. and the price of thermal coal has tumbled down by more than half in four years. this is the hunter valley north of sydney

the japanese government launched the bidding process to jointly develop australia's new submarines and people from around the world have met in hiroshima to work for a world without nuclear weapons. >>> u.s. police in virginia say the man suspected of killing two television journalists may have been fuelled by grievances about racial discrimination and are examining what role they played in the shootings. vester flanagan shot a reporter and cameraman at close range while doing a live broadcast on wednesday. flanagan killed himself following a police chase. he was a former employee of the local tv station where both victims were employed. american media say flanagan started working as a reporter there three years ago but was dismissed after aear because colleagues complained about what they describe as offensive remarks and unacceptable behavior. >> he just always seemed to have questions, race questions, between black and white. >> officials with abc news say about two hours after the shootings they received a 23-page fax from flanagan. they say it was sent under his professional name

australia turning. which have been really sinking to the miners in a drag to the overall index for some of the other headlines. here is zeb eckert. zeb: we are tracking markets in china and the news chinese regulators had restricted shortselling of stocks. it is the latest move by the chinese government to stabilize the market volatility and the second largest equity markets. the recent drops we have seen, it limits borrowers. they must wait to pay back the loans according to statements we received from the shanghai stock exchange. those davis came out at the close of trade. the short-term selling, one of the key contributors to the volatility, the government working to decrease normal fluctuations in stock prices according to that statement. here is what else we are watching. the first person to stay -- stand trial for libor has been sentenced to 14 years. a former ubs trader tom hayes guilty of conspiracy. him, the judge said a message had to be sent. his sentence with double of another trader who was

coal is australia's second biggest expert. the biggest iron ore used to make steel has seen its price collapse even more, and other commodity prices are down too. until earlier this year, robert was being flown to remote copper mines every two yeek -- weeks where he was repairing machinery. he was told he lost his job by text message. >> my family was shocked. we're on a single income, i'm looking for work again on job site and all of the rest of it, very hard. >> most economists don't think stray -- australia is on the verge of economic collapse, but if it starts to collapse house prices, australia could be in trouble. >> if we were to see house prices fall and ongoing weakness in commodity prices, australia would have some real problems. the risk of recession would increase if the housing market weakens and house prices start to fall. >> reporter: the wonder down under isn't looking quite so wonderful. andrew thomas, al jazeera, singleton. >>> still to come here on al jazeera . . . lebanon's cabinet holds an emergency meetin

it is the largest resource project in australia. erik: pumping almost 2.6 million barrels every day. these are challenging times for big oil. fracking has upended the global market. renewables like solar and wind power are getting cheaper, and no one knows when or even if crude prices will rebound. >> at the end of the day, this is a commodity business. erik: yet chevron is doubling down on fossil fuels, investing tens of billions on a bet the world will guzzle oil and gas for decades to come. we take you inside chevron in this bloomberg special report. ♪ erik: this is midland, texas. in the mid-1980's, it lived through an oil price collapse. on the main street downtown, you can still see the impact. 30 years later, midland is caught up in another bust. prices have plunged by 60% in just nine months. drilling rigs are being idled. jobs, more than 50,000 to date, are disappearing across the country. fracking is why this is happening. hydraulic fracturing is the technology that has unlocked billions of barrels of american crude. the

a lot of those are listed in australia. on the flipside, airline shipping stocks will likely get a bump up because of lower energy prices. the resource currencies is another thing to watch. i have a list of three, not limited to these. 35% -- that is a big problem. the d year lows and oung. a lot of things to watch. shery: thank you, david. a look at what to expect this morning and all of this had an impact on u.s. stocks as well. let's take a look at how this laid out with -- played out with john shipman. energy companies definitely taking a hit. from theing hits weaker manufacturing data in china which has sparked further concern about global growth. we saw that manifest in oil stocks and also in miners int the u.s. the s&p 500 energy sector saw its worst two-day decline since january. stocks like chevron had its worst two-day drop in six years. that followed its weaker than expected earnings on friday. an you also had transocean, offshore driller, falling to a 21 year low. it has been pretty ugly in the energy sector tod

canada, often compared to australia, 30% by 2030. by 2025. 26%-20 8% australia looks comparable to the rest of the world but if you take the u.s., it is the same number, 26%-20 8%, but five years earlier. the u.s. would be reducing by much more than australia is proposing, around 40%. if these figures are to be believed, that this is the number the cap that will come out with, it looks like australia -- the number the cabinet will come out with, it looks like australia again is dragging the chains. angie: is there likely to be any division in the ranks? paul: again, if the leaks are to believed, yes. some senior cabinet ministers wanted a far more aggressive target. hand, you have some benches who are in the climate change denial camp who see no need for rules that all. tony abbott is one of those. changedescribed climate as "crap," but then going on to say he believes in the science. the policies in australia when it comes to the missions, they are less about climate science and more about political science. angie: [laughter] indeed

markets that were in profit were taiwan, australia, singapore but the shanghai composite and perhaps the market and many global eyes were focused on ended at 7.67% down on the day. hong kong was down just under 1%. tokyo's mark was down 3.96. the effects of what we have seen over the past 48 hours will not be felt immediately. we will be seeing those effects possibly in the next few days and weeks and also the reaction to these falls from the chinese government will be very important to see how they actually decide to deal with the failing stock market or even how to deal with the currency on how it is felt, whether it is a strong currency or weak currency globally. all issues need to be debated and examined and i think analysts will perhaps have their say and could influence the way government policy perceives over the next few weeks. >> when america sneezed the rest of the world caught a cold and that is the fear now with kie china and australia is looking on nervously and last year exports were worth $65 billion and part of that was iron ore and coal to fuel construction and as ch

coal is australia's second biggest export. the biggest iron ore used to make steel has seen its price collapse even more and other commodity prices are down too and robert was being flown to remote copper mines every two weeks where he repaired may sha machinery and he was told he lost his job by text message. >> we are on a single income and basically start back over and looking at getting resumes and looking for work again on job seek and all tell rest of it very hard. >> reporter: most economists don't think australia is on the verge of economic collapse but if the downturn starts to effect house prices which in big cities have so far proved resilient australia could be in trouble, a lot of the country's wealth is bound up in property. >> if we were to see house prices fall and we were to see ongoing weakness in commodity prices then australia would have some real problems and not that i would be forecasting a recession but the risks of recession would increase if the housing market weakens and house prices start to fall. >

the issue of refugees is not just causing divisions in europe the australia government insists a deal for people in whcambodias still on but the government says it plans not to accept any more pefk and this is in peru and the refugees in 2012. >> it's an important agreement and it's an agreement that indicates cambodia's readiness to be a good international citizen as everyone knows, when cambodia was in troublesome years ago the world rallied to cambodia's help and it's a good national citizen to do its part now that it's in much better shape than it was a couple decades ago. >> reporter: and al jazeera andrew thomas has more. >> reporter: a spokesperson for cambodia's interior ministry told a cambodia newspaper the country has no plans to take any more refugees from the island to cambodia. australia's government denied that is the case and says the deal is still on but either way almost a year after it was signed, just four refugees have been resettled from the holding camp effectively in naro to cambodia at a cost of $40 million u.s. dollars that australia paid to cambodia to take

it is the largest resource project in australia. erik: pumping almost 2.6 million barrels every day. these are challenging times for big oil. fracking has upended the global market. renewables like solar and wind power are getting cheaper, and no one knows when or even if crude prices will rebound. >> at the end of the day, this is a commodity business. erik: yet chevron is doubling down on fossil fuels, investing tens of billions on a bet the world will guzzle oil and gas for decades to come. we take you inside chevron in this bloomberg special report. ♪ ♪ erik: this is midland, texas. in the mid-1980's, it lived through an oil price collapse. on the main street downtown, you can still see the impact. 30 years later, midland is caught up in another bust. prices have plunged by 60% in just nine months. drilling rigs are being idled. jobs, more than 50,000 to date, are disappearing across the country. fracking is why this is happening. hydraulic fracturing is the technology that has unlocked billions of barrels of american crude.

some politicians here in australia have said that european leaders could learn a bait from australia's tough approach. but refugees advocates say, yes, the boats have stopped but at what human cost? >>> tthai police are looking for two more suspects after a bombing. a foreign female and foreign man. after searching an apartment in a suburb. they they uncovered vert pfizer and an explosive detonator. they arrested an unidentified foreign man. 20 people were killed at a shrine two weeks ago. >>> chinese stayed media says around 200 people have been arrested for predding rumors over the stock market crash and the chemical blasts. more than 100 people died following the explosions earlier this month. and last week saw almost a 9% drop in the markets. adrian brown reports. >> reporter: china's official news agency says that 197 people have in its words, been punished. but it won't specify what those punishments are, they have been accused of spreading rumors, spreading falls reports connected to those twin explosions as well as the to falling stoke stock market. among those who have been pu

we are 30 minutes away from the open of trading in australia. japan and south korea on your tv, on your mobile and online. you are watching "first up." the top stories this hour, china's biggest devaluation of the yuan in two decades has sparked a chain reaction across the globe. u.s. stocks shrink 1% and the benchmark entered a bear market. the devaluation also weighed on commodities, pushing oil and industrial metals down. the pboc says a strong yuan puts pressures on export which is fell more than expected last month. crude tumbled to a six-year low on rising opec supplies and forced that devaluation of the yuan. more than 30 million barrels of oil were produced last month. that is the most in at least three years. iran has restored its output to the highest levels since international tanks sanctions were strengthened in 2012. and greece has confirmed a deal on the terms of the third bailout, paving the way for eurozone parliaments to vote ahead of an august 20 payment to the e.c.b. after two weeks of intensive talks, the two sides reached ag

can be almost everywhere between australia and the coast of africa. terry: of course, what investigators really want to get their hands on his own box, the data recorders, and it could be in a huge area of the ocean. this is not really made that search effort any easier, has it? reporter: absolutely not, and it will be difficult to find flight data recorder because the ocean is very deep in some areas especially the area where they are searching now. maybe all these things are already buried deep. terry: thank you very much for that update. today's other big developing story, another migrant boat has gone down off the coast of libya. according to the italian coast guard, 25 people are can armed dead, and several hundred people have rescued. rescue crews are still searching for survivors along with the italian coast guard, the irish navy and aid organization doctors without borders are helping with the rescue operation. we have pictures here of some of the survivors. there are fears more migrants could have gone down with the ship but no one knows just

can be almost everywhere between australia and the coast of africa. terry: of course, what investigators really want to get their hands on his own box, the data recorders, and it could be in a huge area of the ocean. this is not really made that search effort any easier, has it? reporter: absolutely not, and it will be difficult to find flight data recorder because the ocean is very deep in some areas especially the area where they are searching now. maybe all these things are already buried deep. terry: thank you very much for that update. today's other big developing story, another migrant boat has gone down off the coast of libya. according to the italian coast guard, 25 people are can armed dead, and several hundred people have rescued. rescue crews are still searching for survivors along with the italian coast guard, the irish navy and aid organization doctors without borders are helping with the rescue operation. we have pictures here of some of the survivors. there are fears more migrants could have gone down with the ship but no one knows just

juliette: i am talking about taylor swift and this #that is -- gonerobin australia viral in australia. they all learned the words to "shake it off." but then they realize they cannot use that music without permission. they got upset, so the theater director tweeted please taylor swift, help the 17-year-olds shake it off. within fivel, and hours, taylor swift wrote back permission granted, good luck with your opening night. an aussie actress who was friends with the theater said still grinning about this. she is in love with tennis web. zeb: great how social media can connect people you would think of is out of reach. juliette: and buzz aldrin. zeb: we thank them for watching bloomberg. thanks, guys, in other thanks to buzz altra. coming up, trade blossoms between vietnam and europe. ♪ ♪ yvonne: the stop -- top stories trending this hour. there is still significant work to do before the yen can be available for reserve currency status. off until be held september of next year. some people have embraced the yu an's attempt to join the dollar and the euro. expected to show a decline

and i have been lucky enough to captain australia captain australia as well. >>>. >>> the wallaxees winning the championship. zoey reports. >> the new zealand's richie mccor, in his fairy tale career. the giants claiming a title. an opportunity to challenge more than australia, make clear the threat they pose ahead of september's world cup. a warning australia failed to heed forced back to their try line as the all blacks came out dangerous and determined. new zealand's pressing their line, the wallabees resorted to desperate measures. sentence to the sin bin. leaving daniel carter to claim the point. the wallabees wound up the class. the all-black defense for the first. australia lead wasn't in the all-back grip. the champions were keep to run a different one. in the right place at the right time. determined to steal the limelight, australia came back as cooper pulled in the kick to cache in the corner. with their first defeat fo-australia if four years looming large, underlining world cup credentials wrangling his way over the line to put the all blacks back in front. sensing a long-await

if the united states raises rates, it narrows the rates and australia -- rates in australia. they are comfortable at this point. jonathan: i got research note after research note that cannot make up its mind whether the rate cut cycle had ended. or whether the hurdle that higher. what is the story? michael: on one hand, it has been called a bit. this keep easing monetary conditions. it suggests monetary conditions are ok. we've got a slowdown in china. that is obviously going to impact us. although prices, which is australia's key export, it has rebounded slightly. australia's unappointed rate has a stabilized -- australia's unemployment rate has stabilized in recent months. the general trend seems to be that australia things are slowing here. the royal bank -- this is your bank, -- they are keen not to add to that. it's a case of seeing events play out. with the dollar they are comfortable. global forces will keep that contain. that means it is not as strong as it was. jonathan: thank you for joining us. michael talking about the impact of oil prices on australia. it is been

the controversy hitting australia's football league. and it's the ultimate kitchen gadget. is it the future of cooking? we'll step in to the robotic kitchen. >> al jazeera america, weekday mornings. catch up on what happened overnight with a full morning brief. get a first hand look with in-depth reports and investigations. start weekday mornings with al jazeera america. open your eyes to a world in motion. >> welcome back. a reminder of our top stories. the leader of iraq's kurdish region is calling on kurdish fighters to leave. a number of people have been killed during air raids targeting pkk positions in iraq. turkey said it will investigate the reports of civilian deaths. talks on what was to be the biggest free trade deal in history have broken down. leaders from 12 pacific nations have agree failed to agree on the sticking points in the trade pacific partnership. >>> there are new restrictions in zimbabwe's game reserve. the industry has been largely criticized after the killing of cecil the lyon, a major tourist attraction. >>> the debris of a boeing 777 washed up o

down to theing opens in australia, japan, and korea. nikkei closed above the 19,000 mark, 3% higher on friday. but check out futures in chicago pointing to a lower open. economic slowdown in china really driving safety plays in strengthening 121.32. the fed, ecb officials have expressed optimism at the retreat in jackson hole. stanley fischer set the option of a september rate hike was and fund investors are raising the back to 38%. the land down under, the reserve bank of australia meets tomorrow to set policy statements. it will be watched closely for any shift in tone based on recent turmoil in china. paul allen, what are we expecting? paul: steady as she goes, really. 100% of economists surveyed expect no change. but the language of the statement will be closely watched for any reference of what is going on in china. the australian economy is the most exposed to china in the world, about one third of exports go there. so that could create problems that here. for that reason, traders are getting tighter on rate cuts. on august 11, be

the opening in australia, japan, and south korea. you are watching "first up." the top stories this hour, chinese markets fell the most in three weeks on fears the government is repairing to scale back support. more than 600 companies plunged as they lowered expectations for further easing on signs the property markets might be picking back up. the state agency wants to reduce its influence. the raonic enjoyed a reefer spike after falling -- the ringgit enjoyed a brief respect after falling. the malaysia turmoil is shaking up despite the prime minister recent cabinet shuffle. since aour high corruption scandal earlier this month. and police in tylan say they are confident to finding the man suspect it of plan -- in thailand say the our company and finding them in suspected of planting bombs. the footage shows him outside the shrine wearing a back pack and then left without it. 20 people were killed in the explosion. many more are injured. please are investigating a small last. water.oded as it hit the no one was hurt. let's check in

does have assets in australia and people are scared to death of australia now because of what has gone on in china. angie: that is the thing, the circuit breaker in this global route has not been triggered. who will do it? you are watching us here in asia. how much of today's action in asia is going to influence how wall street opens tomorrow? >> it seems to be in a virtuous ous circle.nvirtu you do lousy in the u.s. and asia gets it and europe gets hit and they seem to be running a negative feedback loop that not all things are the same for everyone. automakers probably sold a lot of cars -- when i was visiting china, we would go to the border across from hong kong and they were brand-new bmws and mercedes lined up like crazy at the border. i didn't see many us-made cars in that line. it looks to us like american investors are getting a haircut. they could go on for a wild but it is probably not an interruption of this secular bull market that virtually no one has loved anyway. see a we are not correction since 2011 for the s&p 500. at the end of the day, is the now,for correction rig

australia's government denied that the is case and say the deal is still on. either way almost a year after it was signed just four refugees have been resettled from the holding camp to cambodia of a cost of $40 million u.s. dollars that australia government paid to cambodia to take refugees, so hugely expensive so far and refugees is a sum total then prohibitly stupid with a refugee resettlement program that australia is supposed to have for those who come by boat to be first of all put in holding camps and have refugee status assessed and released as it is in other countries and the camps are hugely controversial, a report just published on money detailed some allegations of abuse in the camp and the report recommendations are that australia speeds up processing in these camps and makes the whole process much more transparent and the government doesn't deny the policies are tough but say they need to be in order to deter people from coming by boat to australia. some politicians here in australia said that european leaders could learn a bit from the approach

goyder is from australia's biggest employer. more worries about the state of manufacturing in china, the lowest since march of 2009. here's steve engle with this green -- this grim reading. stephen: it is a 6.5 year low for the market. we get the flash number about a week and a half before the final number is out september 1. it is about 80%-80 5% of the final reading. it is heading further lower. 47.1 is the reading for august. it looks as though it will be six months in a row where the reading is in contraction. this preliminary reading for august holds. the final number will likely hold in contraction territory. it is the lowest since march of 2009, when china was dealing with the effects of the global financial crisis. a bloomberg survey expected the reading to have improved from july, but it did not. was expected at 48.2. august comes in 47.1. a weaker you want not helping sentiment. there's not a lot of pricing power at the factory gates in china as producer price deflation has persisted for 41 consecutive months. more bad

there are not many pressure points that australia can use to lean on egypt but australia has lots of friends around the world. i have spoken in the past to the white house, state department of. i met president obama in washington who also said that he would be speaking to president sisi about this issue. i would hope that the united states continues to support us, continues to make statements and remind egypt that this kind of behavior is un acceptable. as most of you would know, i am a dual national, a latvi a. n australian, the latvian minister tweeted about his outrage over the convictions. again, i haven't had any conversations with the latvians or the european union. but in the past, they have been extremely supportive. i would hope and expect that that support would continue. >> (question posed.) >> that's a separate argument for another day, i think. today, i really want to talk it about our case. there are questions about that. i don't think there is any suggestion. certainly the australian government has never suggested that i would be stripped of my nationality. there are f

determined to steam the lime light, australia came back. with a first defeat in four years looming large the all blacks back in front. sensing the win nick white getting through making australia southern hemisphere chance. >> our preparations, trying to improve every day and trying and improve again tomorrow, because this is the path that we have to go on if year going to be competitive. >> we have to face up to the reality. >> with the sport's biggest tournament weeks ago australia sent the strongest warning to their world cup rivals. al jazeera. >> he may not be at the on going swimming world champion, but michael phelps is suddenly looking good ahead of next year's olympics. he has just clocked the fastest 200-meter butterfly time in the world this year. he is not considered for the worlds because of a drink drive conviction late last year. it's his quickest time in six years and would have won him world title by more than half a second. plenty more sport later on, but that is how it's looking for now. >> that his it for this news hour.

in the meantime, mel gibson spotted with 24-year-old girlfriend in australia is making news down under. >> claim he shoved a female photographer. >> abusing me. beating on me. >> i reached out to mel gibson this morning. and he is denying that mel had any physical contact whatsoever with this photographer. adding mr. gibson and his friend were being harassed by this photographer and asked repeatedly to stop which did not. >> police tell us they are investigating and from a male in australia to an a list divorce. >> everything all right, brian? >> brian austin green pumping gas an hour before megan fox filed for divorce. the actor still wearing his wedding ring. >> true you're dating megan fox? >> meanwhile, shia labeouf was asked about possibly being transformed with his former co-star. >> megan and shia are just friends but there's an interesting angle to her divorce learned today. megan fox may actually end up paying spousal support. the couple was involved in a head-on collision last year and he was left with vertigo. difficult to work. megan has been working steadily over the last

coal is australia's second biggest export. the biggest, iron ore, used to make steel, has seen its prices down. robert was being flown to remote copper mines where he works repairing machinery. he was told he lost his job by text message. >> my family is in shock. we are on a single income. start back over, getting out resume's and looking for work on job seek. >> most don't think australia is on the verge of economic collapse. but if it starts to affect house prices which in big cities have proved resilient, australia could be in trouble. a loss of the country's wealth is bound up in property. >> if we were to see ongoing weakness in commodity price, australia would have problems. not that i would forecast a recession, but risk of recession increases in the housing prices fall. >>> after talks lasting for more than 40 hours, north and south korea reached a deal to end the standoff. south korea has turned off broadcasts along the border with the north. north korea expressed regret for a land mine blast that injured two soldier

for australia and new zealand it was access to markets for agriculture. for vietnam clothing. for japan and mexico, their motor industries. >> i'm sure you're aware that the auto industry in mexico is the seventh largest in the world and fourth largest exporter. so obviously mexico has an interest. so probably you can accuse me is putting myself to the front to really push the interest of my country. >> with a deal as complex as the tpp deadlock in one area prevented progress in otherrers. productions for exports of different countries discussed common regulations not just the trade but production. and that's where critics were concerned. the ministers would concede on environmental standards or labor regulations if they got their way on tariff reductions. but big business would be given more power over consumers. the proposed lengthening of copyright period for medicines banning generic drugs longer with the no deal campaigners see this as a victory. >> for this is a victory. australia comes to mind standing up saying we're not going to trade away health this week no matter h

shery: breaking news out of australia. farmers that income coming in at 2.4 australian dollars. 2.4 billion australian dollars. that is in line with estimates. was up twoevenue cents of a percent, coming in at 62.4 billion australian dollars. they are also paying a dividend of one australian dollars per share. wesfarmers is the biggest australian retailer. their net income is coming in line with estimates at 2.4 billion australian dollars. let's move on to other news. qantas has surged back to profit, announcing a four-year result -- full-year result of more than $975 million. let's go to paul in sydney. two to be held seven years ago. what can you tell us? seven yearshe helm ago. what can you tell us? reporter: it was a little less than the market was expecting, but still 900 $75 million is a huge reversal of the loss we saw last year of 675 million. revenue was also up 15.8 2 billion. billion -- 15.82 billion. long-suffering shareholders will be rewarded with the announcement of the capital return program. and surplus ca

she may never be allowed back into australia. but savanna returned there, to the place she calls home, to continue her college studies. since her visit she has not been in touch with her father. but if there is anything that harris has learned in the last 20 years, it is that there is always hope. >> you know, my daughter's her own person now. she can make her own decisions. and whether my daughter wants to contact me or not, she knows where i am. and she knows i want to hear from her, whatever happens. >>> that's all for this edition of "dateline." we'll see you again thursday 9:00, 8:00 central for "dateline's" thursday night mystery. i'm lester holt. for all of us at nbc news, good >>> okay. >> only on 10 saved by man's best friend. the dog that literally saved her owner's life by dialing 911. good evening. we will bring you that coming up. >>> we begin with breaking news. a scare in the air. video of sparks coming from a plane that made an emergency landing at philadelphia international airport. no one is injured. but it led

australia, and hong

businesses in australia, a major chinese trading partner, are still digesting the move. sugar owns a furniture room in city and says that china's biggest currency devaluation in decades means better margins for her business. cheaper.ice can be that is really good for us. we will have a little more power to negotiate the price with a factory in china. reporter: but given australia's falling dollar, the cheaper yuan could hurt chinese exports to china including minerals. following years of strong numbers for the mining sector, sales have been increasing at a 'srrying pace as china growth has doubled. >> we have seen a fall from 14% markets arenow the pricing and below 7% growth rate in china. what this means for quantities is weak demand and even weaker than initially thought. reporter: trade between the two countries reached close to $140 billion in 2014. by china's exports have been suffering, dropping a .3% in july, more than anticipated. chinese analysts hope that the lower yuan boost exports and get the country back to higher growth rates. positive news for everyone,

down to theing opens in australia and korea and japan. the nikkei 225 close the month lower. -- close to the month lower. closed the month lower. chicago nikkei futures pointing to a lower open. flight.ar/yen a safety -- play. let's talk debt. it can work wonders in good times and in the bad times it can wreak havoc when there is a lot of it. and that is what southeast asia might be facing. david is here to explain. how do you grow when you're not growing and pay back the money? the problem.s when times are good it works wonders because it magnifies returns. but what is happening now, and we are talking about credit quality in southeast asia incorporates. the amount of debt that has been built up since 1998, the asian financial crisis, has actually gone up sixfold. we are closer to 400 billion u.s. dollars if you looked at the 100 biggest southeast asian countries. and it is up 32%. if you look at them as a group. we know that these guys are bigger and the businesses are expanded compared to back then. i thinkyou look at foreign currency

rishaad: some positive news out of australia. more jobs are added last month of anyone asked it all stop. let's break down the numbers. more jobs created, but the andess rate creeping up, according to some it is at the highest levels 2002. a bit ofs right, it is a tough report. 38,000 jobs added, which is positive, and the parts of patient rate went up to a two-year high which means people are confident and looking for jobs. that in turn bolstered the unemployment rate to 6.3. you had more jobs, but the unemployment rate rising two basis points higher than was predicted. the question is, how do you make sense of that? andeneral, the dollar fell, unemployment rose when they saw the participation rate is that it is now down a little bit more, and that affected people's assessment of the job report. the central bank is always saying that it just to the unemployment rate because it tends not to jump around quite so much as the month-to-month climate data. at the month -- employment data. they're pondering what exactly does it mean. t

so does australia. the thing is, the stock market should become more stable before investors feel comfortable about using their savings and invest in the stock market. said reducing the rrr. that is a problem because the state-run banks, they channel money to their preferred borrowers. not necessarily the private sector. khiem: in the case of china, you can manage that. there are always ways. great having you on the program. angie: coming up, helped by hackers. rishaad: embracing the dark side to make cars more secure. angie: details when we return. ♪ you have one of these, the tesla? it is billed as one of the most secure his cars. rishaad: experts have been able to hack the cars' onboard computer. here is a look. >> i'm a security researcher. i'm a hacker in my spare time. >> i'm the founder of lookout. we hacked aause tesla to build safer cars in the future. musk is a visionary. we want to see how good his car was. was it a benchmark for the industry? what were the issues? i've packed a lot of thin

. -- counting down to the opens in australia, japan, and korea. in japan yesterday, it was jumping for a second day. more than 1% higher. we have nikkei futures above the 19,000 mark. the dollar yen right now is that the 121 mark. oil has a jumped the most in more than x years after better than it acted second-quarter gdp results from the u.s.. let's bring in dan from houston. some believe for producers. dan: the gdp boost is just what they needed, the biggest jump in oil prices in the past six years. thatneed to see some signs oil demand is going to grow to meet the supply glut we have. seeing the economy running on all cylinders is enough indication that might happen. angie: our analysts more bullish now on oil prices? dan: not all of them are. not bee said he would surprised if he saw oil fall under 30 by the end of the year. glut we had -- producers need to see oil below 30 in order for them to shut the wells off. fund manager has been calling this big decline we have had for the past year -- he said he still expects to see prices drop. a lot

police in australia called off random checks of immigration visas following a public outcry. [chanting] and people in melbourne protested for saturday and sunday and australia's border patrol agency said the operations announcement had been clumsy. >> i find the idea of people going around the street checking people's papers. >> this is not happening in germany and we need to fight against it now. >> we fought a war against this in 1945. >> reporter: south korea red cross asked north korea to consider reunions and wants them to take place at the border village and it was discussed last week with efforts to deescalate tensions between seoul and pingyong and the last reunion happened in north korea in 2014. south korea and the u.s. wrapped up the biggest ever joint military drill and 2000 soldiers rehearsed a live fire exercise and we have more where the drill took place. >> reporter: combined u.s., south korean drill is the largest carried out by the military and comes the same week that north and south korea concluded a deal at least for now which was a serious set of tension

we are getting done to the opens in australia, and japan. in japan, futures in chicago pointing to a higher open. the dollar yen remains at this level. the pressure is on chinese stocks. here in hong kong, they fell to an eight-month low on monday. investors are worried and about wider economic slowdown. juliet: yesterday we saw a bit of an exodus coming through these shares. point down byne 1.7%. we saw financial and insurance leave those losses. there estimates the followed from the blast could cost about $1.6 billion. they felt coming through from a lot of the financials as well. we see this exodus. ap see coming through with note saying about $8.8 million had flowed out of the hong kong and china fund. we do see foreign investors exit out of these shares and that is what we saw this coming through on the index yesterday. angie: important to make the distinction. these are global investors we're talking about. mainland chinese chairs did not see the selloff. juliet: that was mainly led by good games coming through an airline stocks. we sa

australia captain clarke is set to announce his retirement at the end of the series. we are joined by andy richardson live from london. does clarke's retirement come as a surprise? >> i think first thing to remember with michael clarke is what a fantastic player he's been for australia, playing over 100 tests, averaging a shade under 15, and to do that reveals quality. a few weeks ago he was leading his country to victory in the world cup. the last few weeks have not been good. going into the fest match, his team effectively were playing with 10 players, rather than 11, such was the lack of his firm. australia does not like losers, and he's been involved in five losing series and teams. had he not decided to retire, he would have been pushed by the selectors. i think the bigger concern for australia is the lack of young players pushing to get into the team once clarke has gone. mitchell marsh and shaun marsh came in not doing a particularly great job. chris rogers at the top of the order is due to step away from international cricket. adam voges came in, and the fact

we have national australia bank coming up later. checking on the start of the tokyo session, nikkei looks like this. we are seeing zinc shares,, betty-related stocks moving to the upside. mitsui mining down 3.27%. nissan chemical under pressure. watch the breweries as well. they will be in focus, given a new tax that may be coming their way. checking on the kospi index, samsung cnt one of those most active shares. we are also following the department stores. department stores falling short of expectations. you want to watch those stocks. also worthwhile to watch the duty-free hotel sheila in the seoul market. that's a quick check of what we are following. we will be watching china very closely as that market comes online. angie: thanks. checking other headlines, prada sales have missed estimates due to the slowdown in london and macau. in greater china, they slumped 19%. the company is cutting down on stores and producing more lower-priced bags in a bid to reignite demand. prada has fallen almost 30% over the last 12 months. holding

australia was talking about its sugar cane industry. this huge great deal, all trying to get their issues. the ministers at the table each has a knock-on effect. this is an all or nothing deal. it has to all go through or none of it goes through. that's why it's so complicated. not everybody is disappointed. there are plenty of advocacy groups who say that this deal was bad for consumers great for big business, but bad for the ordinary man in the street in the 12 countries involved. they say it would have damaged environmental, the labor laws in the countries involved and also that public health would have suffered. this is what one campaigner said immediately after that press conference. >> for us this is a victory. what we have seen is several countries, australia comes to mind standing up and saying we are not going to trade away health this week no matter how hard you lean on us. that makes a big difference. glad to see that outcome. >> there is a hint of what was going on inside the negotiating room. it wasn't about one industry ve

the foreign minister of australia came out and condemned the verdict. we heard from the canadians saying that canada is disappointed. it came from the canadian foreign affairs. going on to say that the canadian government continues to call on the egyptian government to use all tools at its disposal to resolve mr. fahmy's case and allow his immediate return to canada. and they call it a set back from the field of ex-tropical depression and say that the conviction of peter greste in abstentia questions its credibility. and they say that these sentence also undermine confidence in egypt's progress towards strong long-term stability. also the u.n. i've been speaking to the spokesman for the high commissioner for human rights, he says that they're very disturbed by the sentences and the extra pressure this will now create on journalists who are trying to do their job in egypt. that statement from the u.n. offic office of human rights have also spoken to the spokesperson for ban ki-moon. >> i think whether in egypt or any other country, i think it is necessar