two u.s. bombers flew over the region in a ten-hour mission on friday joined by south korea and u.s. fighter jets. this exercise was a warning to north korea, pyongyang, after its launch of what it claimed was a intercontinental ballistic missile earlier this week. >> south korea also stepping up its own military drills. our pentagon correspondent barbara starr has this report for us. >> reporter: south korea flexing its own military muscle. conducting ail naval launch fired military drill to show the world and north korea leader jooukim jong-un its own military might. for its part, north korea is still celebrating the launch from the fourth of july. >> translator: a great success of the intercontinental ballistic missile launch is a demonstration of our mighty power. >> reporter: u.s. intelligence is urgently assessing what it knows about the north korea icbm test. and how soon it will be able to strike u.s. soil. >> we're still analyzing the latest test at this time. >> reporter: a question

is not just a vital element of u.s. economic policy but it's also a volatile element of u.s. foreign policy and one of the most important actions we can take is to use our massive shale gas resources to begin shipping liquefied natural gas overseas all this excess natural gas we have now which they don't want to leave in the u.s. because it will lower the price of profits they want to export particularly to europe well if you're going to exploit it to europe you've got to reverse the relationship and. germany and other others on russian gas so this gas play here this energy play is the behind the scenes economically for the united states here so is everyone happy about it while absolutely not the european commission is planning out what its response will be if european businesses are hurt by the new sanctions from the united states we are following the spruces suite some concern regarding the european union's energy independence and dollar energy security interests well one thing they can do is they can make sure that what the u.s. is seeking to do doesn't apply to european c

the u.s. cable network owner. will we see a deal and with who? trade talks between the u.s. and china got off to a rocky start as the americans canceled their closing news conference. we will discuss with gary locke, former u.s. ambassador to china. we are halfway through the trading dale. abigail doolittle joins us with the latest on the rally we are seeing. abigail: we do have a rally. we have the nasdaq amazingly on pace for the ninth day higher in a row, the longest streak since 2015. a pretty impressive considering not that long ago we were talking about a tech pullback. now we have the nasdaq at new record highs similar to the s&p 500. for a second day in a row, the dow up the least about 1/10 of 1%. that also means the dow is not putting in a record high. .his is a one-year chart in white we have the nasdaq. in purple we have the s&p 500 and in pink we have the dow. the blue lines represent all the times we had simultaneous record highs for these three major averages. it's pretty remark

the u.s. never wanted to see. u.s. officials calculate this is likely a two-stage inter-continental ballistic missile, an icbm that could some day hit parts of the united states. u.s. spy satellites for days had picked up imagery of a potential missile launch like this one launched in may being ready. now the latest assessment suggests the new launch was a more advanced missile that traveled farther than any previous missile test. the south korean and u.s. military estimates the missile travelled more than 580 miles in 37 minutes. based on this, experts calculate the missile could have a maximum range of roughly 4,160 miles, long enough to reach all of alaska, but not the rest of the u.s. >> you have to remember that missile technology has been around for a long time so there are no particular secrets. a lot of it is just figuring out how to do the hard engineering and basically get everything to work at the same time, which is not always easy to do. >> reporter: the new launch comes as north korea also continues to pu

regarding whether the u.s. position on syria has changed i think it's become more pragmatic in general it doesn't seem to change but there is now an understanding that we can achieve a lot with the united effort. while this new programmatic approach from the u.s. is russia's president has said is seen as an important step forward in the ties between the two sides it's also being lauded as a positive step by a key leading figures including federico moscow really who is the european commission vice president and also the deputy. envoy special envoy for syria. and the agreed cease fire deal over an important area in the south of syria is a positive development the implementation of these arrangements towards a nationwide society should of whose to and unhindered humanitarian access is key to facilitate the interest syrian talks under u.n. auspices in geneva now while this is no doubt an important step forward in relations between the u.s. and russia shows the two sides can work in agreement they can come together

u.s. officials now concede that thece north koreans may have changed the entire dynamic with his launch. while the u.s. intelligence community is not sure how far the communist north is in its effort to miniaturize a nuclear weapon to put on a missile, they now say the test firing last night might have been able to reach alaska. reports from the region suggest it was launched from a mobile launcher, providing yet another challengehe for the u.s. correspondent kevin corke has the breaking details and reaction tonight from the white house. good evening. >> happy independence day to you. you are right. a dramatic day at the white house. senior trump administration officials seem to be considering their options in dealing with north korea in response to that provocation. this is very interesting, when you consider the administration has long talked about what it might do should north korea finally be able to reach u.s. oil. of course, they are looking for a true response to the latest provocat

and the u.s. the u.s. where there's the money they will try any treatment possible and what charlie's parents is for him to go to the united states and have this bypass therapy. it has helped other children with similar strains of his very rare genetic disease but not his actual strain and even the u.s. specialist offering it says it cannot reverse his brain damage. all the specialists in the uk say it would be futile. he should not be treated if it is just for the purposes of medical science and won't actually help him at all. now, we understand the mother asked the vatican hospital whether she could transfer the baby there and they were told that she could not. i think you can rest assured that doctors will be trying to construct an end of life plan which the parents can agree on so that the life support machine withdrawal of treatment happens gradually and that the parents can be a part of that process and accept that process. but it is of course an incredibly sad story and there is no further legal rec

u.s. sanctions. what will president trump's next move the? europe inflation problem. we get cpi data in a little under one hour. this is "bloomberg surveillance" and i'm francine lacqua+++ we have to look at the data, as we always do. some of what we saw over the last couple weeks, i imagine would take center hold when it comes to your asset classes. asian raw material producers seem to be advancing after we had a surge in commodity prices. the global economy can gather momentum. the stoxx 600 basic resources are getting 1.2%, one of the biggest gainers in terms of industry groups. oil, extending last week's strongest rally. and hsbc coming up with some figures, but also that share buyback gaining 2.7%. now, let's kissed her to the bloomberg first word news with nejra cehic. >> abe and donald trump have agreed more action is needed on north korea. after speaking to trump via phone, abe said the international community, starting with china and russia, must take the issue more seriously and

is is a u.s. dollars story big part of it certainly is, but looking at trade in terms, with the aussie has risen to a two-year high, so it is not necessarily because of the u.s. dollar. they will be patient. they have made it clear they will wait for inflation to get back into the band. many times currencies have strengthened and reversed very quickly, so they will be hoping this is not the same rise. perhaps many others in the market, they will expecting the fed is still on course to raise rates in the coming months. that will lend support to the u.s. dollar. that is legitimate with the debate to which meeting it is going to be, september obviously the pricing is very close to zero there. if they want to start pricing, that would help the u.s. dollar. , the u.s.y near term dollar could make a bit of a comeback, we get some expectations for growth to be too downbeat by the index. the market is about 50-50 for year-end, the scope for the dollar to find support. thathe main sort of area we get too b

u.s. house of representatives will damage europe's energy and. also the former islamic state fighters returning to europe and leaving the authorities struggling for a coordinated way to deal with the. reasons why they went if we can get them back. them put them on the extremist course is radicalized them but i think they have an opportunity should be no difference with a woman or child who got thousands of jihadists. pull out by the government why do we need more. than undercover operation exposes how the pentagon more than a million dollars worth of military equipment to fake policeman. you wherever you're watching it's nine pm on wednesday. welcome to the program first for you this hour the e.u. has issued a stern warning to washington over the latest anti russia sanctions after they were passed by the u.s. house of representatives the european commission president thinks they could damage your obscenity sector the u.s. bill could have unintended unilateral effects that impact the energy

the u.s. has publicly for a long time publicized the work that it done training the iraqi military sixteen division that it calls on its own website has press releases up highlighting the training and support that the u.s. has given to this is a big division you know we as human rights watch do not know if support through the sixteenth division is ongoing but we have not seen anything thing to suggest that that support ended in the recent torturing killing allegedly carried out by the iraqi army had previously been documented by a camera man embedded with one of the units he claims to have filmed abuse and extra judicial executions some of which he said also recorded by the officers themselves. spoke to the camera back in june we must warn you there are some disturbing scenes coming. in the dark background is intended to conceal where you are how serious is the threat to your life after you made these revelations about all this torture and wrongdoing in iraq. my family received many threats fr

it is a u.s. territory so all puerto ricans are u.s. citizens who can easily come to the u.s. and they have to find better economic opportunities and it's a huge story that very few people are covering and we devoted an entire section to it. we've covered it throughout but we devoted one day and spent a lot of time writing about this issue. it was interesting because talking about all news is global, and a leading newspaper in puerto rico reported on the fact that a u.s. newspaper had reported on puerto rico because it was such a unique thing that no one was paying attention to. so it's just an interesting perspective. >> to tie those last two points, what eric and you were raising, what you have in u.s. newsrooms is if it doesn't matter to me, if it doesn't -- if it's not landing on my front door step, i don't care. or i may care but i don't have the resources because there are definitely economic factors to this, as rosalind alluded to. but what is missing is those valuable perspectives. at the press club, for more than a century, we've hosted people from all manner of polit

if you have a u.s. company or u.s. entity that is a middleman, and it is actually the foreign government that is tasking the u.s. entity, that is the type of thing the department of justice wants to register. host: a couple more minutes for your calls. (202) 748-8000 for democrats. (202) 748-8001 for republicans. all others, (202) 748-8002. new jersey, darrell on the democrats line. caller: good morning. this is an interesting topic. a couple of comments, there are lots of ways the russian government could have polluted to disrupt our election that had nothing to do with changing ballots in the ballot box. of youusing data to mine as individuals provided by the russians so they could target negative coverage about hillary clinton. there is evidence that happened. the russian government never has to change ballots. there seems to be a loophole in fara, and that is a u.s. national who has no contact with a foreign entity who might want to pursue investment opportunities in another country might be advocating for policies

the u.s. would have to reduce its diplomatic staff to 455 by september 1st. in a statement, a state department official tells nbc news that the move is quote a regrettable and uncalled for act, adding the department is quote assessing the impact of such a littleation and hmitatio will respond to it. putin is saying he's against any retaliatory measures quote as of today. so where does this sort of quickly escalating situation go from here? >> well, thanks, francis. there's no understanding the significance of this latest move. vladimir putin doesn't want to see this necessarily escalate any more but in his television appearance just yesterday he did say these relations could deteriorate much further. there's no understating the significance of this. the washington post said this is more like the cold war than the actual cold war. there's been no forced reduction in diplomatic staff between russia and the u.s. since before the cold war, the revolution that resulted in the tit for tat expulsion

u.s. met face to face for the very first time reaching some breakthrough agreements in what were extended talks will tell you all about that plus to the pentagon reportedly ups the level of secrecy surrounding its nuclear weapons inspections after a review was revealed the level of incompetence among those responsible for washington's arsenal. hello good morning for me kevin i mean this is our to internationalise a level in the morning here in moscow now this saturday over weekends going good starting with this president's donald trump putin of met for extended talks last evening on the sidelines of the g. twenty summit with the first face to face diplomatic meeting lasting for over two hours. to listen said they had a very robust exchange. there was so much to talk about all these issues. just about everything got touched on to one degree or another and i think there was just such a level of engagement and exchange neither one of them wanted to stop cheryl times i had to remind the presid

do you u.s. rule -- should u.s. rules,pecifics of u.s. apply simply because the data happens to be located here? the same exact problem we talked about earlier with the microsoft ireland case. guyld irish rules apply a happen to be in ireland, if ireland not have any other any other equity in the case. it'snk stepping back worthying as some of those bigger questions. as the countries that is the home of so much of the world extent, at least for now, set some of the ruins. here's a real opportunity to demand baseline standards but harmonize approaches borders. to your real question. if thisthat the idea legislation to pass, hopefully ands passed, there's a u.s. u.k. draft agreement. that there hope is would be other countries that andd meet the standards perhaps adopt minor changes in order to be able to meet the standards. i think over time, ideally you expand that out farther. there are some interesting proposals that some people to talk about. the idea that maybe some countries could have specialized point of contact even if the entire

the u.s. central command says u.s.-backed syrian forces have now breached a wall surrounding raqqah's old city. that's key because isis militants have been using the wall as a strategic fighting position. u.s. president donald trump is expected to talk about syria when he meets with the russian president, vladimir putin, in just a few days. more from our correspondent barbara starr. >> reporter: u.s. marines in syria firing artillery at isis positions. unprecedented video, much of it shot from a drone overhead underscoring the growing danger for more than an estimated 700 u.s. combat forces on the ground. the u.s. war against isis in syria is at a critical stage. u.s.-backed forces including snipers are now inside raqqah, trying to end the islamic state that abu bakr al baghdadi declared three years ago this month. but tens of thousands of civilians are still at risk from isis and syrian president bashar al assad. president trump is to be meet with russian president vladimir putin for the first time. and the white hous

the u.s. government can access data held by u.s. companies when that data is physically stored outside the united states is another related issue. that issue involves the modern interpretation of the 1986 stored communications act. which is working its way currently through the courts. a cases next stop in that was brought by microsoft and concerns data that is held in ireland is currently will be with the united states supreme court. there are equities on all sides of these issues, including how to ensure that law enforcement can do its job consistent with the fourth amendment, how do protect the privacy of global users of a network communications infrastructure, and how to do right by private industry in a way that doesn't stifle innovation, lead to data localization, and respect the challenges faced by global communications companies that maybe caught between competing laws of different countries. that there are sides to this issue, probably all the participants in this discussion agree tha

address these concerns from these u.s. measures with our u.s. counterparts and earlier version of the bill has already been slammed by germany and austria cannot accept the u.s. threat to impose sanctions that violate international law and affected european companies involved in the expansion of europe's energy supply europe so the g. supply is a matter for europe i'm not the united states of america it's up to us to decide who supplies us with energy and how according to rules of openness immokalee competition the bill accuses russia of weaponize and gas exports but as caleb maupin explains it would actually harm the u.s. more power to control the global energy market so after months of podium pounding and condemnations against russia the u.s. congress is about to pass a bill penalizing russia not much to see here right just part of the ongoing confrontation well let's take a look at what's actually in the bill the bill is targeting the construction of a key natural gas pipeline in europe citing what it calls detrimental impact on european ener

a u.s. anti eisel raid in afghanistan and in civilian bloodshed as washington's accused of killing eight locals in an airstrike we hear from survivors in hospital. and quote no magic solution to the refugee crisis can be found at least interior minister warns that international talks and archie crew travels to rural areas of the country to gauge the effects of the migrant influx. three o'clock am in moscow and you're watching altie international live from our studio with me in india today welcome to the program the us is set to vote on further sanctions against russia on tuesday the bill which has already passed the senate and now goes to the house targets russia for allegedly interfering in u.s. presidential elections let's take a look at what's in the bill it blocks any partnership with russian companies in a range of sectors it also calls for punitive measures if any company invests exports or helps russian pipeline projects but the move faces stiff resistance from the e.u. brussel warns

bank suspending u.s. company's ability to take out short term loans but let's be realistic this would be a nuclear option. for. a young journalist working with artie's are a big channel in syria has been killed by shelling from islamic state correspondent daniel hawkins explain that to us earlier. he was a stringer working for r.t. in syria for those unfamiliar with the term that's effectively a local contracted journalist often working in dangerous environments in case in homs province where the syrian army is trying to actually liberate a town of which is close to where the incident took place his group or his convoy came under shell fire from isis we understand that he was hit by an antitank missile that's what caused his death and indeed injuries to his cameraman who's also in hospital right now started working with r.t. towards the end of april he did many reports from homs province interviewing the families of victims of refugees affected by fighting from all sides sure in those months or those mont

relationship between the u.s. and china -- we are watching earnings, qualcomm gaining the spotlight in after hours. a steep profit decline in the coming quarters. anything to do with apple? su: it could have a lot to do with apple. the licensing fail is where the profit decline is. it underscores their dependents on their largest customer. apple has stopped paying. the division that collects fees for use of mobile technology is sinking by as much as 47% in the current period. that is a huge percentage. that will drag down overall revenue as much as 13% in the er, the quarter that ended september -- ends in september. what is interesting is the legal scuffle underscoring these of it -- other problems. yvonne: more now on trading underway in asia and how it plays with the rest of the region. adam haigh is joining us live it from sydney. you have been looking at the bank of america monthly survey of investors that shows money pouring out of u.s. equities despite these rallies. where is all this money going? it is ver

u.s. officials would dispute the russian assessment that president trump basically accepted vladimir putin's denial that the u.s. or basically that russia had meddled in the u.s. election. asked on three separate occasions, these administration officials declined, basically, to push back. they said they were focused on the future. in fact , the treasury secretar steve mnuchin said the president handled himself brilliantly on this topic. it's notable that mnuchin wasn't in the room. he was basing that description on the information he received from those who were attending, that included rex tillerson, his colleague, as well as the president himself. here's the way rex tillerson described the president's effort to look forward during that conversation with vladimir putin. >> but i think what the two presidents, i think, rightly, focused on is, how do we move forward? how do we move forward from here, because it's not clear to me that we will ever come to some agreed upon resolution of that

bank suspending u.s. companies ability to take out short term loans but let's be realistic this would be a nuclear option. more of the week's top stories right after this. here's what people have been saying about rejected in the senate just pull on. the only show i go out of my way to launch you know a lot of the really packed a punch. is the john oliver of r t america is doing the same we are apparently better than. the c. people you've never heard of love redacted tonight i'm president of the world bank so take. me seriously send us an e-mail. little blog sell you on the idea that dropping bombs brings peace to the chicken hawks forcing you to fight the battles they still. produce offspring to tell you that will be gossiping publicly. advertising telling you are not cool enough to buy their product. all the hawks that we along. with what. we start back again with some sad news a young journalist working with our teas are a big channel in syria has been killed by shelling from islamic state our correspo

banks suspending u.s. companies ability to take out short term loans but let's be realistic this would be a nuclear option. russia's patience is also away and president putin says that moscow cannot tolerate offensive actions anymore so when the news of these sanctions are completely illegal they go against international law and the rules of the world trade organization we're being very patient and very reserved but we can't endlessly tolerate aggressive behavior towards our country these actions can be perceived as aggravation and i would even say exceptional cynicism. moscow's already had back the u.s. to reduce the number of diplomatic stuff that it has in russia it's estimated that between two and seven hundred people will be sent home or fired but the american embassy hasn't given an exact figure as yet moscow says the number of staff must be cut to four hundred fifty five which is the same amount that it has in the u.s. russia has also said that two diplomatic properties used by washington will be se

u.s. is within missile range. $50 onbriefly topped signs output curbs are having an effect. producers meet next week. >> the rally for crude to give markets a boost, waiting on new data from china. >> that will be key. this is "daybreak asia" live from bloomberg's u.s. and asia headquarters. it is just after 7:00 p.m. >> it is just after 7:00 a.m. in hong kong. happy monday. d.c., dysfunction on the health care bill, what will come next? a lot of earnings to talk about. data of the the day. this hour, we get output numbers from japan. absolutely right, seems like every other day we are getting strange new headlines from washington. sort't think anyone can out what the cumulative impact is of all this infighting going on. who knows what we will wake up to tomorrow in the u.s. you are waking up in asia, so how does it look so far? positive, looking at new zealand, some profit taking in terms of asian stocks off 10 year highs, but more of a picky market as we look at her earnings downgrades i

u.s. economy added 220,000 jobs in june, the most in four months. the labor department released those numbers this morning. they showed unemployment rate increased to 4.4% from 4.3% in may which was a 16 year low. unappointed rose because more americans began looking for work and not all of them found jobs. >> the center for strategic and international studies hosted a panel discussion on u.s.-china relations. panelists cover trade come military and security issues and north korea's nuclear weapons programs. this is about two 1/2 hours. >> we had five issue papers with authors for each paper or papers on each subject from the u.s. and china. we split the panels up so that this panel will address the papers on u.s. and chinese strategy and interest in the asia-pacific region, and also u.s.-china military to military issues. in the next panel will cover economics, global issues and politics. scott kennedy will share that session. we had a number of participants who helped to write the papers

when the u.s. is trying to get its inflation to move higher, what does it mean if the world's second-biggest economy has inflation that is best stabilized and maybe does start receiving more? the year-over-year ppi stabilized at 5.5% after coming down for three months in a row. the cpi, the broader measure of inflation, at 1.5%, a little bit below forecast -- nevertheless, you can say it is holding steady. there is concern of softness in china's markets, construction market. will this reduced prices for commodities? that could be true and weaken the ppi. what does it mean for the u.s.? #btv 646. what you're looking at now is two lines. the white line is the u.s. court pce year-over-year. the blue line is china's ppi year-over-year. i want to go to 2012 in the middle. you can see the ppi. it has lowered. look what happens to the u.s. core pce. this is starting to come up, this starts coming up, they go down together. people thought this move up in china's core ppi -- they were saying "all my goodnes

if the u.s. continues to enforce sanctions against north korea, they will respond with firm action. we've had more response from u.s. administration officials today with regard to that icbm test as well. the president again turning his attention to china with a tweet that says, we will no longer allow this to continue. china could easily solve this problem. the u.s.' ambassador to the u.n. nikki haley adding in, we're done talking about north korea. china is aware they must act and fredricka, you point out vice president mike pence also saying that china should do more. of course, they are all talking about the economic relationship that china has with north korea. earlier this year officials in beijing said they had slashed coal imports from north korea but, of course, the trade relationship between those two countries does continue, and, of course, china is the biggest economic partner for north korea. since the beginning of the trump administration, we have heard top administration officials i

u.s. brands the venezuelan president a dictator. germany'y's transport minister denies allegations his department gave into the car companies and play down the severity of allegations they cheated on emissions tests. soccer star cristiano ronaldo is in court on allegations he played tricks with his taxes. ♪ >> thank you for joining us. the white house has said donald chomsky mitigation director anthony scaramucci has left after just 10 days on the job. scaramucci was fired at the urging of trump's new chief of staff john kelly. scaramucci's appointment raised eyebrows a as he hadad no previs political experience. he also gainined immediate attention with a strongly worded rant about two of his colleagues. our washington correspondent joins us now for more on this developing story. scaramucci is gone. what brought about his fall from grace? maya: it seems to have been this one-two punch, the strongly worded rant as well as the bringing in of general john kelly as new chief of staff. for t

the u.s. withdrawal from tpp also means the regional comprehensive economic partnership, to which the u.s. is not a party, takes on greater importance in regional trade negotiations. our perspectives also differ in relation to climate change. the g20 meeting in hamburg resulted in a new affirmation from 19 of the world's leading economies of the central commitment made through the paris agreement. all 19 nations, including australia, believe the paris agreement is a solid basis on which to make progress in reducing the impact of global greenhouse gas emissions. president trump's announcement that the u.s. would withdraw from the paris agreement was disappointing, given it appeared that the u.s. would meet its commitments in any event. the withdrawal however was more than symbolic. the u.s. is one of the largest carbon emitters, and the fact it has rejected international cooperation with 197 nations signing the agreement and 153 ratifications, sends a negative message to many other nations, inc

is not just a vital element of u.s. economic policy but it's also a vital element of u.s. foreign policy and one of the most important actions we can take is to use our massive shale gas resources to begin shipping liquefied natural gas overseas all this excess natural gas we have now which they don't want to leave in the u.s. because it will lower the price of profits they want to export it particularly to europe well if you're going to export it to europe you've got to reverse the relationship and dependency germany and other others on russian gas so this gas play here this energy play is deep and behind the scenes economically for the united states here so is everyone happy about it while absolutely not the european commission is planning out what its response will be if european businesses are hurt by the new sanctions from the united states we are following the spruces suite some concern regarding the european union's energy independence and dollar energy security interests well one thing they can do is they can make sure that what the u.s. is seeking to do doesn't ap

u.s. senate to vote on further sanctions against russia but the e.u. warns of retaliation against washington as the move could hurt european businesses . as italy's interior minister warns there's no magic solution to the refugee crisis traveled to rural areas of the country to gauge the impact of the massive influx of humanity. and the u.s. raid in afghanistan and civilian bloodshed with washington accused of killing eight locals in an airstrike we hear from survivors in hospital. it's four o'clock here in moscow and you're watching r.t. international live from our studio with me. welcome to the program the u.s. is set to vote on further sanctions against russia on choose day the bill which has already passed the senate and now goes to the house targets russia for allegedly interfering in u.s. presidential elections among other things it blocks any partnership with russia companies in a range of sectors specifically punitive measures for foreseen for companies investing exporting or helpi

the u.s. is set to vote on further sanctions against russia but the e.u. warns of retaliation against washington if the move and business. quote no magic solution to the refugee crisis can be found it leaves interior minister warns international told and archie crew travels to rural areas of the country to gauge the facts of the migrant influx. and the u.s. raid in afghanistan ends in civilian bloodshed as washington's accused of killing eight locals in an airstrike we hear from survivors in hospital. it's two o'clock here in moscow and you're watching international live from our studio with me and welcome to the program. the u.s. is set to vote on further sanctions against russia on tuesday the bill which has already passed the senate goes to the house targets russia for allegedly interfering in u.s. presidential elections let's take a look at what's in the bill it blocks any partnership with russian companies in a range of sectors it also calls for punitive measures if any company invests ex

u.s. officials now concede that thece north koreans may have changed the entire dynamic with his launch. while the u.s. intelligence community is not sure how far the communist north is in its effort to miniaturize a nuclear weapon to put on a missile, they now say the test firing last night might have been able to reach alaska. reports from the region suggest it was launched from a mobile launcher, providing yet another challengehe for the u.s. correspondent kevin corke has the breaking details and reaction tonight from the white house. good evening. >> happy independence day to you. you are right. a dramatic day at the white house. senior trump administration officials seem to be considering their options in dealing with north korea in response to that provocation. this is very interesting, when you consider the administration has long talked about what it might do should north korea finally be able to reach u.s. oil. of course, they are looking for a true response to the latest provocat

>> well, as far as the u.s. is concerned, we don't use the weekly statistics which you referred to as being the gospel truth because they are very heavily revised in susbs dwent we subsequent weeks yes rk, crude production is increasing, but refining is increasing so crude stocks are actually falling however that is leading to an increase in product stocks on the other side bam. so we're not seeing total oil stocks falling quite as fast as people expected. but we do believe that stocks will gradually fall over time and we'll wait and see if the states to confirm that picture >> why is that, do you think this is down to cost inflation which is cited by many 1k3er789s b experts but also detisch cifici wells in the u.s.? >> what we're seeing in the u.s. is that the production has increased very sharply since the end of last year but in the last few weeks, the rate of growth seems to have tapered off. we saw i think it was 23 consecutive weeks of increasing drilling activity and that suddenly came to a grinding halt

it's one o'clock here in moscow now the headlines this hour the u.s. house of representatives votes for new sanctions against russia which the e.u. says could damage the european energy market. for islamic state fighters returning home leaves authorities in europe struggling for coordinated way to try to deal with whatever reasons why they weigh in if we can get them back and wanted to. put them on. stream courses and d. radicalized them but i think they have an opportunity should be no difference whether it's man woman or child fountains of jihadists already roaming our streets which has been put out by the government why do we need more. undercover operation exposes how the pentagon gave away more than a million dollars worth of military quip to fake policemen. good afternoon my name is kevin zero in this is r.t. international in our top story the one from moscow the u.s. house of representatives has voted for new sanctions against russia as well as a random north korea they come in response to what officials call dangerous actions undermining americ

russia relationship and the --ure of the u.s.-real u.s.-russia relationship. they discussed important topics like syria. i think many of you have seen some of the news that just broke regarding the escalation agreement, the memoranda that was agreed between the u.s., regardingd jordan southwest syria that affects the security of jordan but is also a very complicated part of the syrian battlefield. -escalation area was agreed. a cease-fire has been entered into. this is our first indication of the u.s. and russia being able to work together in syria. as a result, we had a lengthy discussion regarding other areas in syria where we can continue to work together on the area.ing and to work together towards a political process that will secure the future of the syrian people. ofa result, at the request vladimir putin, the u.s. has appointed a special representative for ukraine. ambassador kurt volker. he will draw on his decades of experience in the u.s. diplomatic corps, both as a representative to nato and also his time as a permanent political of treatment. the

u.s. markets are closing early today at 1 p.m. eastern time for the july 4 holiday. a big week is ahead on economic data. coming up at 10 a.m. eastern time, construction spending, tuesday, u.s. markets will be closed for the fourth of july. then wednesday at 2 p.m. we get the fomc minutes from their june meeting and thursday at 815 in the morning eastern time it is employment data. that is ahead of the jobs report in the united states. forecasts,for -- data will be out on friday. leadersfriday, the g-20 will be meeting in hamburg. at the top of the agenda will be havingith angela merkel a pre-meeting with president trump on the eve of the summit. she is urging everyone to seek a win-win as she puts it. with us is bloomberg international economic and policy correspondent mike mckee. what are the chances? >> low. as long as they can play to a draw, maybe they would be happy. they will have an enormous amount of problems there. it is not just the agenda. a big problem obviously because of the

has legitimate claim here >> the u.s. are unhappy with the overcapacity in global steel trump administration in particular, powered by supporting the steel industry and helping revive jobs is trump's time to deliver on that. the only way the trump administration has sought solution is to say it is against national defense, against the country's national defense issues that's going to be something that's very difficult to prove they're going to use an obscure 1962 law to say the steel industry is very important for defense sector, try to restrict imports. i don't think that will fly with any other country if they go ahead with that, that's why the g20 communique was important in reiterating that they're going to take substantial measures to reduce the excess capacity, having a concrete deadline by november to come up with actual policies will serve to that need. >> are we going to see a trade war ultimately >> if the u.s. goes alone and implements trade restrictions on the back of this 1962 law, then i think so the last ti

u.s. officials are saying that the u.s. and russia averaged an agreement for a cease-fire in southwest syria. those pictures you see were from before they went into their face-to-face meeting. >> the two leaders had real admiration for each other. they weren't just pleasant words. president putin referred to donald trump as "your excellency, mr. president." president trump said it was "an honor" to be speaking to president clinton -- president putin. both said they expected a positive outcome. the meeting stretched far beyond the two-hour length. wasbviously the meeting extremely eye-catching, the melodramatic moment of the day. it is also very important to remember that there are a wide ranging conversations going on here. angela merkel says there are deep divisions emerging at the summit over trade. there is no agreement on the communique right now. you see a little bit of the g-7 summit in sicily where the paris climate issue hung over the whole thing. meeting is certainly extremely important. it will be interesting to s

that said u.s. military commanders certainly have recently updated military options for the president if he were to choose to exercise them. he has said there's no red lines. let's listen to a bit more of what he said of all of that this morning. >> i have some pretty severe things that we're thinking about, that doesn't mean we're going to do them. i don't draw red lines. president obama drew a red line and i was the one that made it look a little bit better than it was, but that could have been done a lot sooner and you wouldn't have had the same situation that you have right now in syria. that was a big mistake. but i think we'll just take a look at what happens over the coming weeks and months with respect to north korea. >> so when a president of the united states says red lines, the world actually does hear the concept that there might be military action. that's what you're really talking about here. at what point would north korea cross the line in provocation or weapons development that the

you know, don't forget the u.s. policy here and what is the u.s. policy toward russia. >> well, i don't think actually there is a policy right now. that's one of the problems. there are disparate issues but it's no overarching policy so that kind of makes it difficult really to pin down what's going to happen. i mean, i think on the optics, you know, you have two men who were pretty macho in different -- kind of different ways. and i think it would be very interesting to see that kind of power dynamic. you know, who initiates the conversation, and as it was just said, who can kind of make their points without being rammed by the other guy. and eating up time that you don't want to deal with. you know, interestingly, i was just looking at some russian media and how they're hamming this. because they each -- each man is playing to his own domestic audience as well. i think that's really important. mr. trump has to be strong to his people. maybe we'll see that kind of serious frown that he has. president putin also has to look strong to his own people

yvonne: u.s. computer and gaming company razor setting for an ipo in hong kong that could value at $5 billion. they may use the cash to help fund smartphones. and atll products online best buy across the u.s. they want to use hong kong as a beachhead for the gaming market. they plan to list in october. betty: toshiba looking for $2.5 billion for its unit. they own with incj. several options they may use to raise the cash they need formal trade million dollar losses. they begin trading in zurich on july 21. plenty more to come. the major market open his moments away. yvonne: we have janet yellen's testimony, which came out more dovish. sophia kamaruddin watching openings in japan, korea, australia. >> it is a risk on session. futures in asia, look at the track, the rally we saw and wall street. a softer dollar and falling treasury yields into that session. it is not going to be all about the fed. we have rate decisions of a malaysia, south korea. we also have chinese trade numbers on deck. i want t

i've spoken to u.s. intelligence officials repeatedly on russia hacking, including former director clapper, and they say there were no dissenting views in the analysis that russia was behind this hack. >> interesting. jim, stick around, stay with us. i want to talk to you more after the break. to you and our other intelligence officials in how the meeting tomorrow with vladimir putin could play out, given some of the realities we've been discussing. and another reality, north korea's nuclear weapons and missiles, president trump's warning to kim jong-un today about the, quote, pretty severe response he's considering. we'll talk about the message he sent and how it might be received ahead on 360. the lincoln summer invitation is on. it's time for a getaway. now get our best offers of the season. on the agile mkc. on the versatile midsize lincoln mkx. or go where summer takes you in the exhilarating mkz. the lincoln summer invitation sales event. ask about complimentary pick up & delivery servicing. right

it is bad that the u.s. has left the common line it had was europe for sanctions against russia there is a possibility of counter sanctions against the guinness however the u.s. sanctions are not always very effective let's think about north korea for instance south korea's central bank estimates that last year. its neighbors economy grew by almost four percent after bouncing back from a downturn in twenty fifteen also boosted its exports and it continues to develop its nuclear capabilities and it's not just north korea that's for that kind of person it suited to grieve economic success in spite of u.s. sanctions iran has been forced to diversify its economy as well and find new trading partners as a way of coping with the measures with more detail kellam open. sanctions targeting russia north korea and iran are not exactly a big here in europe the head of the e.u. commission decided to give the world a piece of his mind the u.s. bill could have unintended unilateral effects the impact that you use energy se

oil production in the u.s. oil industry, and went from 5.4 million barrels per day to about 9.4 million barrels per day. ,t's expected to go over shattering records. .e should step back a bit all of that was during the obama administration. host: we are talking to brian scheid. host: this week smart -- this week marks four months since rick perry became the energy secretary. what impact has he had on the future of energy production in the united states? what has been his role in the trump administration here? -- guest: hereally has really push this idea of getting to our full potential as a global user of oil. coal.l gas, sixalked about the different things, u.s. energy week. some of them were lng export approvals, which were in line with the obama administration. the state department approved new pipeline, 108,000 barrel per day refined product pipeline. relatively it's not that much of a big thing. compared to something like the keystone access, it's a much smaller project than that. it basically links the u.

we need the u.s. a part of this, but understand they don't want to be a part of it, and that will have consequences. >> i think it will have consequences. this a g-20 was a show of no unity between the u.s. on one hand and the g 19 on the other hand, particularly on trade and climate, but it is clear that the u.s. is becoming more inward looking and this administration is not willing to take global leadership. on strikingused better deals, or as they call it areer trade deals, and we pretty close to the u.s. imposing steel tariffs on some countries, particularly on china, so the going will get rough on the trade front. >> they haven't, even though the white house has threatened steel tariffs, but if they do and go on with other sanctions against china, is that going to help pricing pressures? >> i think it will. i think we will ultimately lose out from steel tariffs or other tariffs, the u.s. consumer, but the u.s. administration seems to be keen to go, and i would expect them to do it because this is

the u.s. withdraws from tpp also means the regional comprehensive economic partnership takes on greater importance in regional trade negotiations. our perspectives also different in relations to climate change. the g20 meeting in hamburg resulting in a new affirmation from 19 of the world's leading up economies of the central commitment made through the paris agreement. all 19 nations, including australia believe the paris agreement is a solid basis on which to make progress in reducing the impact of global greenhouse gas emissions. president trump's announcement that the united states will withdraw from the agreement was disappointing. given that the u.s. would meet its commitments. the withdrawal was more than symbolic. the united states is one of the largest carbon emissions. the fact that it has rejected international cooperation, with 197 nations signing the paris agreements, with 153 benefit case in's sends a negative message to many other nations. while these decisions give succor to th