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

u.s.-china relations. the specialists also share views on north korea policies and asia pacific security. [ applause ] >> thank you very much. i'm mike green, professor at georgetown. we had five issue papers with authors for each paper or papers on each subject from u.s. and china. we split the panels up so that this panel will address the papers on u.s. and chinese strategy and interests in the asia-pacific region. and also u.s.-china military issues. and the next panel will cover economics, global issues and politics. scott kennedy will chair that session. we had a number of participants who helped write the papers or who joined us in study groups to review the papers. so this is a representative group, it's clearly not everyone who was involved, but some of the key authors in each of the papers we're going to address in the panels, body glazer, my colleague at css, senior director of the china project will talk about the asia-pacific papers. we're going to ask the panelists not to summ

u.s. and south korea -- u.s. president preparing for poland and a pivotal face to face meeting with vladimir putin at the g 20. >>> plus why many global leaders are looking past donald trump. >>> hello and welcome to our viewers in the united states and all around the world. i'm michael holmes and this is newsroom l.a. >> thanks for your company everyone. the u.s. j south korea saying they want to send a warning to kim jong-un one day of hi missile test. they conducted a drill on wednesday to show case their ability to strike back at pyongyang in case of energy. secretary of state rex tillerson says it is a knew else escalation of the threat against the u.s., its allies and the world. let's bring in cnn's andrew stevens in hong kong. we got ivan watson in months skou. andrew let's start with you in hong kong. the north korean leader promising more of the same. >> that's right michael, still a very -- not surprisingly belligerent tone coming from north korea. kim jong-un was reportedly at the site watching it live

u.s.ip, the relationship. is meant to be very broadly scaled. it was not just one think tank working with another think tank, this was supposed to be a very broadly scaled inquiry which is part of the reason why you see the strangest publication you will ever see in a think tank, because it represents the collective work of about seven or eight institutions that came together on this project as we donated scholars and worked on it, together. this was a project that we began, last summer before the presidential election. we did not have any idea who was going to be elected. iswere looking to say what the future of this relationship, independent of a particular outcome of the election? important,t is more today because we are at a stage where we need to be thinking about the fundamentals of this relationship. i think that is what comes through. there are two sets of parallel papers. this is the publication our chinese friends produced for their papers and this is the publication of the ameri

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

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 it particularly to europe well if you're going to export it to europe you've got to reverse the relationship independency 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 appl

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

u.s. election. >> new cnn reporting this morning says russia has even stepped up its spying efforts in the u.s. more in a moment. >>> for the latest, let's turn to the white house correspondent covering this for us, sara murray, live in hamburg. president trump meets putin face to face in just a few hours. it will be fascinating to see the optics of this meeting. >> reporter: yes, it is a very highly anticipated and will be closely scrutinized. this is expected to be a brief meeting between these two world leaders. an intermat one, as well. they're expected to be joined by trump's secretary of state rex tillerson as well as foreign minister lavrov. in the runoff to the meeting, trump and putin have had sharp words for one another. putin wrote an article in a german newspaper taking aim at the sanctions the u.s. levied gaep against russians saying it's protectionism. we heard trump's words for putin yesterday in poland. he chided russia for its role in conflicts in ukraine and syria. when i

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

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

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

the u.s. government can access data held by u.s. companies, when that data is physically stored outside of the united states is another related issue. that issue involves modern interpretation of the 19866 stored communications act which is working its way currently through the courts. its next stop in a case that was brought by microsoft and data that's held in ireland is currently next going to be withd united states supreme court. there are equities on all sides of these issues including how to ensure that law enforcement cani do its job consistent with the fourth amendment, how to 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 respects the challenges faced by global communications companies that may be caught between competing laws of different country. to the extent that there are sides to this issue, probably all of the participants in this discus

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

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

u.s. mainland. the pyongyang tested the missile on tuesday pop the it's confirmed as a icbm. it traveled 930 kilometers, about 40 minutes in flight and landed in the sea possibly inside japan's exclusive economic zone. the u.s. and south korea reacted as swiftly with a rapped response military exercise. seoul says the precision missile drill is meant to send a warning to pyongyang and showcase its ability to target the north mace leadership. u.s. secretary of state rex tillerson responded to missile test saying global action is required to stop a global threat. any country that hosts north korean guest workers, provides any economic military bifurcates or fails to fully implement u.n. security council advantages is aid and abetting. let's bring in cnn andrew stephen in hong kong and the journalist kari kary in tokyo. we saw throughout this missile test kim jong un proudly overseeing it all. implications this could be the start of more to come from pyongyang >> yeah, it's more like the midd

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. allows more but the key is how to measure or how to define the corporation. so also with the dp rk and also the it for beijing they will not overwhelmingly cut off trade relations because of dprk that is china's leverage. added say pre-emption while being victimized but there is such a normal trade relations and and with that ecological calculation. but because of trade relations with dprk overnight and dprk is now leading points to readjusts those relations and to be crystalized. so manchin of the chinese americans but now a second korean war in the overwhelming majority say no. because militarily china will -- reach out it is a big strategic change. and now with this judgment it is a threat. so with that joint contingency plan with the dprk that is the starting point. they are going beyond all the way for better cooperation. but dprk ideology and history and also as dprk is some sort of personal and those types of connections. it is the easy. so to set that very decisive criteria. a

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

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 of 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 nation wide 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 an

the u.s. more in a moment. for the latest, we turn to white house correspondent sara murray, live in hamburg. president trump meets putin face to face in a few hours. what can we actually expect out of this meeting? >> reporter: you can expect everything from their statements to their body language to be very closely scrutinized. this is slighted to be a relatively brief meeting but important one. along with rex tillerson, russian foreign minister lavrov will be there. in the run-up to the meeting, the world leaders have had sharp words for one another. putin has slammed u.s. sanctions against russia as well as president trump's trade policies. as for trump, when he was in poland, he had stern words for russia, too, chiding them for their role in conflicts in the ukraine, as well as in syria. the big question is whether president trump is going to bring up russia's meddling in the 2016 election. when he was speaking in poland, he seemed to again question russia's role in this. it's clear today

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

america the u.s. house of representatives is set to unveil a new sanctions bill focused on russia and iran within the latest bill and why president trump might not be on board coming up. meanwhile russia's foreign minister sergei lavrov has confirmed a joint center to monitor the cease fire in syria that's been agreed with the u.s. and jordan but washington doesn't seem quite so sure. and the u.s. led coalition in mosul fires back at amnesty international call in their reports are responsible and denying any violation of international law in their fight against isis those stories and more coming up right now. it's wednesday july twelfth four pm in washington d.c. i'm going to sweets and you're watching our america in june the senate overwhelmingly passed a new set of sanctions against iran and now the bill has stalled in the house the reason for the new proposed legislation is set to limit the president's ability to lift sanctions on any crime country which would be only done through congress all this

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

the u.s., but the u.s. vis-a-vis china. that's something we'll have more coming up on soon. tarun: let's open it up. in the back. questioner: thank you very much. i'm from the united states of africa -- [inaudible] -- i usually like to ask the last question. this is very important. the opening sin app sis that the gentleman did, he asked this. how the world sees the u.s. ow the world sees trump. we ask people, can you clarify when you say how the world? visaou referring to yoursy results from the -- your survey results from the political class of the country? and why would you say the world when those leaders are not the largest representative of the world? also, you need to understand this. trump is undermining, saab staging the geological foundation -- sabotaging the geelogical foundation of what leaders have experienced or followed over the last 70 years. so you have to look at it in those context. not doing unnecessary -- tarun: let's take one more as well and we'll answer those together. also in the ba

u.s. or chinese government policy but we think it represents a pretty good consensus point about how these issues are viewed in each country. of course, there are multiple views about military affairs, global issues, north korea in both china and the united states. but we had for each of these papers three authors on the american side, three authors on the chinese side and a group between six and 15 other experts who weighed in and on the asia pacific paper, for example, and i think this was side on our side for the military paper, there was an awful lot of consensus from experts from think tanks across the ideological and functional spell trum. it's quite interesting. between u.s. and chinese papers there were common themes, one was that we should strive to avoid becoming adversariesened that was consistent for both sides. there was a theme that we should build out patterns of cooperation between china, military asia-pacific issues and so forth. many papers concluded that the united state

the u.s. dollar yesterday and the u.s. two-year yields they closed at the highest level since 2009 in yesterday's session on the back of the isn data which showed a blockbuster jump soaring nearly 3 points to 57.8 the stronger than expected manufacturing number pushing the dollar to a seven-week high. let's talk more about the moves with marilyn watson from blackrock. good morning to you. how long does this selloff in the bond markets in the u.s. and here in europe last? as you know, we've seen low volatility in the markets for a long time. it's going remain low for quite a considerable amount of time to come given the actions by the central banks. we would expect this to continue further. they've been triggered by various things such as the data in the u.s. yesterday. we had strong data coming out of the eurozone as well comments from central bankers including mario draghi, mark carney also fueled a little bit more movement. i think what we're seeing are still movements within the year to dat

senior u.s. official tells fox the u.s. watched the north koreans prepare this liquid fueled two-stage icbm in advance. pentagon spokesman said the 37 minute flight time was the longest to date for a north korean ballistic missile. despite reports on mobile launcher was used, the missile was transported to the launchpad, not fired from the vehicle. kim jong-un taunted the u.s. after watching the lodge. adding he had no plans to negotiate. the north korean media said the missile could quote carry a large size have a nuclear warhead." the nuclear warhead detonation control device worked. yesterday the pentagon responded by releasing this video of american and south korean military units near seoul testing surface-to-surface missiles which can travel up to 200 200 miles. seoul is 35 miles from the dmz. north korea has thousands of artillery units pointed at south korea's capital. south korea released a video simulating an attack on north korea. when asked why the pentagon did not shoot the missile down, a pentagon spokesman sa

russia the u.s. and jordan have reached a ceasefire agreement for syria the cease fire will come into effect in three areas there are. and swager it will come into force on the ninth of july at twelve am damascus time the u.s. and russia have committed to monitoring the sushma and ensuring humanitarian access to the areas initially security in these areas will be ensured by russian military police in close cooperation with the u.s. and jordan. now these three southern provinces that a lot of i've just mentioned they share a border with jordan which is also part of the agreement and they also share a border with israel and inside of this is the golan heights now this is a disputed area between syria and israel it's syrian territory but it's been occupied by israel since the sixty's according to the u.n. and of course in the past few weeks we've seen an exchange of fire a certain exchange of fire between the two sides in this in this disputed areas so this deescalation zone could also help prevent more

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

you could if u.s. growth started slowing, seeing action behind some of these words, and that is what worries me. set when, you were on the framework for the new nafta negotiations came out, and your reaction was that it did not seem very controversial. the big picture here, it sounds like negotiations with china will be a little bit more complicated. the president seems fixated on the u.s.-china trade deficit, almost $400 billion and rising this year. they want action and to say they brought it to down. that will be hard to do. of theot a function trade rules so much as it is demand in the u.s. for cheaper chinese made products. it is not easy to manipulate. to leavese would like things unchanged, so they have a clash there, where as mexico, canada, and the u.s. have agreed that there are a lot of areas that need updating to the treaty signed in the 1990's, so they can make progress. there will be contentious areas, but you have that in every trade negotiation. scarlet: thank you very much. some breaki

if the u.s. side decides to move forward toward further deteriorati deterioration, we will answer -- >> so the president had said, particularly after the g-20 that the -- there was going to be a concerted effort made to increase or improve the relationships between the u.s. and russia. is that impossible at this juncture? >> well, the main reason why -- yes, it is impossible, the main reason why, is that russia interfered with the democratic process of the election last year. >> the president is still not convinced of that. >> well, he may not be convinced of it, everyone else in the country is convinced of it, the legislative branch has as much power as the executive branch in many situations. this is one situation where congress has effectively tied the president's hands and overwrote him in terms of whatever sentiment he has about putin and russia. >> lots more to talk about. a research fellow at the huber institute on standards. good to see you. do you believe the deputy foreign minister when

u.s. intelligence community. we will talk more about it with james clapper. >>> severe things. trism accuses north korea of behaving very dangerously and says he is thinking about severe consequences for the kim regime though he won't say what they are. president and the pentagon on the same page? >>> we want towelcome our viewers here in the united states and around the world. wolf blitzer is off. i'm jim sciutto. you are in the situation room. >>> this is cnn breaking news. >> breaking news tonight. fresh protests at the g-20 summit in germany. new clashes have erupted between police in riot gear and demonstrators with police turning water canons on the crowd to disperse them. current and former u.s. intelligence officials tell cnn that russian spies have ramped up intelligence gathering efforts inside the united states in the wake of the presidential election. one official says that moscow has been emboldened by its successful interference in last year's campaign. president trump is aga

>> 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

we saw u.s. forces here not far from the positions, not to be filmed or noticed, frankly, but it's them calling in air strikes and artillery allowing forces to move in quickly. i was surprised how little the city of isis are in right now, and area possibly one and a half to three miles in terms of size. increasingly smaller terrain that they hold, but as you saw in mosul, iraq, civilians held unable to flee for the isis snipers, impediment for the fighters, but, still, progress marking potentially the last time that isis can say they hold a city in syria. >> incredible look there. thank you. this is just into cnn. the death of someone you know if you were a regular watcher of "true blood," nelsan ellis played a short order cook in all seven 17s, he was 39 years old. death confirmed to cnn by an hbo spokesperson. no word on how he died, but reactions coming in from the entertainment world. a tweet from oscar winner spencer writing, got word we lost nelsan ellis. my heart breaks for his kids and fa

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

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

the u.s. president discussed the situation there with the russian president at the g-20. >>> a partial cease fire set to start in syria in less than an hour's time. could it be a blueprint for more cooperation in the fight against isis? >>> plus, after more than three years in jail, one of venezuela's main opposition figures leopold lopez is released from house arrest. live from cnn world headquarters, we welcome our viewers here in the united states and around the world. i'm george on howehowell. the "cnn newsroom" starts right now. the u.s. president is back in washington returning from the g-20 summit in germany and following his big meetings there he's been tweeting say thaeg had an excellent meeting on north korea and trade with regards to his talks with the chinese president xi jinping. and he also sent rex tillerson to ukraine. mr. tillerson just arrived in kiev. pro-russian separatists have been fighting for control of eastern ukraine for more than three years now. tillerson's arrival

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

of the u.s. military has conducted a missile interceptor test in response to the threat from north korea. thank you. according to the plans are going to a medium range ballistic missile was fired from alaska over the pacific ocean on sunday it was then tracked and destroyed using the terminal high altitude area defense system known as bud which the u.s. has. supplied to south korea. this happened two days off to north korea's latest missile launch into the sea of japan the u.s. missile defense chief sam greaves said sunday's intercept a test will help the military stay ahead of the evolving threat of the u.s. congress recently approved a new round of sanctions against north korea over its nuclear program and missile tests but human rights attorney eric told us that washington has not figured out how to deal with pyongyang you know this is something that seems perplexing to the administration or sometimes to people around the world but really we have not tried anything new and we have been caught

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

the u.s. secretary of state to explain the thinking behind the sanctions bill he says that russia should take steps to improve its ties with the united states and hope sanctions won't be needed in the future. the russian embassy in the u.s. has said it's puzzled by rex tillerson to comment on the sanctions so we got some expert opinion. not the most logical thing to say we want to improve relations therefore we are imposing sanctions to listen to his statement was trying to be diplomatic and lessen the impact and be less insulting to russia than the he might otherwise have been so i think that's why you have that statement explaining these sanctions to which is not really any sensible justification at all we think about american foreign policy from like one nine hundred forty five forward it's tough to find many great examples of what we've accomplished so what the american force and foreign policy it's stablish meant expected what they're trying to do you know i think it's time for a total an

now the u.s. senate passed that sanctions bill on thursday in the white house had said president trump will give his approval washington claims the measures are in response to allege the russian meddling in the u.s. election that's kind of more been found out there are plenty of other factors at play. the sanctions bill that was passed it targets many parts of russia's economy it targets mining it targets finance and russia metal manufacturing but one part of the bill that was specifically singled out was the energy sector of russia's economy the bill penalizes any company that cooperates with russia's pipeline projects it's about sending a message to russia to hold mr putin accountable for his actions we will take tough action against russia the bill is targeting the construction of a key natural gas pipeline into europe citing what it calls detrimental impact on european energy security furthermore in the same paragraph the bill talks about exporting more of america's resources in order to creat

i can't undermine u.s. law, but whenlip side, u.s. company is they go to mexico or canada or more developing countries and ther trade agreements have investor protection. labor groups, democrats and some republicans and conservatives say this is a ticket for is reducing risk for a company when they invest in another country. of local courts, they have an option if they have egulation against them, if assets are seized to challenge a foreign government in tribunal and possibly win damages. host: complicated process, we'll in the next e can 25 minutes to lay it out and talk about how this might work. william mauldin is with the "wall street journal." phone number on bottom of the screen. 202-748-8000. republicans, 202-748-8001. .nd independents, 202-748-8002 so what is the process for of nafta?ion what do the chief partners, canada and mexico, think about this? guest: right at the very beginning of it. n mid-may, the trump administration formally announced to congress it intends nafta.gotiate under the fast track law, they detailed bmit

u.s. president. only this time the meetings will be higher profile and the stakes even greater. mr. trump will start with what's expected to be a friendly audience in warsaw, poland. then he travels to germany for the g20 summit and his first face-to-face meeting with russian president vladimir putin. cnn's live in warsaw now. this is a big, big deal for poland having the u.s. president there in their capital. the u.s. president used to positive relations with poland. should we expect anything different with donald trump? >> no. and there is no surprise donald trump has chosen poland to make his first pit stop on this second foreign trip, hannah. it is after all a government whose mirrors many of his own. its nationalist populist sentiment is something donald trump responds. he is being receive bade friendly government and all too happy to be welcoming him here in warsaw before london or paris or berlin have had the biggest opportunity to do the same. and they've been offering free bus rid

into the u.s. was to demonstrate the commitment to allies as it was. the u.s. is also conducted an intercept test to which a mock warhead was partly successfully destroyed but up test cost american taxpayers almost two hundred fifty million dollars another is planned in two months we asked political commentator lew rockwell whether they may be other reasons that the u.s. is stepping up its efforts right now against north korea. well there's a lot of money at stake billions and billions and billions of dollars in new military contracts the u.s. of course also wants to continue to justify its occupation of south korea its occupation of japan so occupation of. the presence of the seventh fleet. right up against china's shores that's that's what's going on so of course north korea is like any communist country very poor they were very poor country and they've poured i'm sure they've you know the show they poured vast resources that should have gone into people's lives and bellies and homes and so forth into this horrible military business because they're terrified