for a last minute snag in the u.s. china trade talks lead our global report today as u.s. president donald trump threatens to increase tariff rates and apply them to virtually all chinese exports to the u.s. for now the process seems to be on track but trump's twitter threads over the weekend are moving markets on monday the shanghai composite plunged five point six percent while the dow fell as much as four hundred and seventy points before rebounding the markets are reacting sharply to the sudden increase risk of a full on u.s. china trade war as a standoff creates a huge uncertainties for companies trying to decide where the to buy supplies build factories and make investments these strong tariffs on steel aluminum solar panels they fall entirely on the u.s. consumers and businesses who buy the imported products a study showed that by the end of last year consumers were paid three billion a month in higher taxes and absorb one point four billion a month in lost efficiency this threat from trump was a big surprise for the markets following weeks of so-called positive dev

china process is going on there's also u.s. separately u.s. europe talks going on on that trade relationship in theory of the chinese situation were to be resolved or this process would just fall apart it's possible that those preexisting tensions with europe could then come to the fore maybe on the main burner would be china now would be. u.s. europe trade junctions and there are a number of significant issues there what's the interaction here between the process with china and the process with europe. well there's a pretty interesting dynamic going on here because some of the things that are on the on the plate with regards to the u.s. china deal or concerns for europe as well market protectionism is ones they don't business is another. competitive environment for smaller businesses a third concern and those are all concerns not just for u.s. companies but for european companies as well depending upon the context of a trade deal with china or europe may find themselves in a in a place where they benefit with no deal and they play it may find

to a last minute snag in the u.s. china trade talks lead to our global report today as u.s. president donald trump threatens to increase tariff rates and apply them to virtually all chinese exports to the u.s. for now the process seems to be on track but twitter threads over the weekend are moving markets on monday the shanghai composite plunged five point six percent while the dow fell as much as four hundred and seventy points before rebounding the markets are reacting sharply to the sudden increase risk of a full on u.s. china trade war as a standoff creates a huge uncertainties for companies trying to decide where the to buy supplies build factories and make investments these strong tariffs on steel aluminum solar panels they fall entirely on the u.s. consumers and businesses who buy the imported products a study showed that by the end of last year consumers were paying three billion a month in higher taxes and absorb one point four billion a month in lost efficiency this threat from trump was a big surprise for the markets following weeks of so-called positive developme

acknowledges this china u.s. trade talks have been held for ten rounds and have made good progress i think the priority now is for both sides to work together on finding a halfway point we seek a consensus based on mutual respect benefits both countries which would appease not only china and the u.s. but the international community as well and there's a lot of pressure now as the talk is that the clock is ticking and mr trump gave them until friday so a deal could be made as early as this week and that's something that people are hoping for although alison experts are less optimistic than they were last week when we thought they were pretty close to signing that deal and so what could success possible success or failure look like for the u.s. and china here you know we're talking about the world's two largest economies they've been talking for at least a year now well yes since last summer when these terrorists were imposed mr trump threatened to impose ten percent tariff since. anyway but has since postponed tha

china into the u.s. economy and into our research and development. i think the government has been investigating it all along but i think it's much more present now with all of these big stories and headlines. i think that will continue to there's going to be a continued focus i think on the that going forward. >>> it seems that there have been some suggestion at some point even at the present with issues such as the extradition request could be folded into the trade talks, at some point, so there could be some sort of a settlement of these external issues on technology and the fears of china being a national security threat. and that that could be somehow some of the core issues there could be resolved, saddled in some form as part of the deal. but i find that not to be quite unlikely particularly because it could further inflame the china hawks, talks here. and i think that if there is going to be a deal with the chinese come i presume that the path of understanding is that there will be a deal on the

and china several u.s. firms including google restricted access to while away in order to comply with the u.s. barring order foreign companies such as japan's panasonic are considering doing the same u.s. secretary of state mike compare says wow is dishonest about the extent of its ties to beijing that's just false to say that they don't work with the chinese government is a false it's just the way c.e.o. and that at least isn't telling american people the truth nor the world several chinese government spokespeople spoke out against the u.s. moves. don't know what i'll do you know the use of state power by the united states to suppress chinese companies and it has not only seriously damaged normal commercial cooperation between the firms of the countries but has also caused a serious threat to the security of global industry and global supply chains china resolutely opposes this. since trade talks between beijing and washington started to flounder the trade dispute has increasingly look like one as much of

before that, china imported 40% of the u.s. recyclables and the new policy could be 111 million metric tons of used plastic with nowhere to go. now a team of researchers at m.i.t. are looking to sort through the pileup. have developed a robot that can identify and sort recyclables. a hand thatncludes uses tactile sensors to detect the size of an object and pressure needed to grasp it. it can't determine if it is made of metal, paper, or plastic and establish a path. taskedycling centers are with the process of sorting and separating waste and this material and become recyclable. recyclables are so contaminated, they must be sent to landfills instead. the team sends the robot to tackle the problem. the robot presides a safe alternative -- provides a safe alternative to human labor. one complication, replicating human intuition is not easy. it can detect stationary materials 84 -- 85% of the time but the success rate drops 20% when the objects are moving on a conveyor belt. buildinganies are their own robots using camera and comp

have suggested that china and the u.s. have already agreed on how to enforce that agreement however the details of how that would be real while will still be decided during next week straight talk and how do experts in china think about the prospect of both sides agreeing on a final deal in the coming weeks isn't likely. yeah so the chinese experts think that right now the remaining issues in the ongoing trade talk is actually not that hard to resolve for china in the u.s. however the u.s. did still want to keep some of the tariffs and so the question now is which terrorists to remove the u.s. is likely to keep the tariffs on high tech products from china while china well probably keep the tariffs on american i recall products so if that's the case then that would be a big blow to u.s. trade interests all right william young there reporting for us from the studio in taipei keeping an eye on the u.s. china trade talks thank you so much to break that now which has for the time being been postponed but no one really knows wha

china process is going on there's also u.s. separately u.s. europe talks going on on the trade relationship in theory of the chinese situation were to be resolved or this process would just fall apart it's possible that those preexisting tensions with europe could then come to the fore maybe on the main burner would be china now would be. u.s. europe trade junctions and there are a number of significant issues there what's the interaction here between the process with china and the process with europe. well there's a pretty interesting dynamic going on here because some of the things that are on the on the plate with regards to the u.s. china deal or concerns for europe as well mark protectionism is one state owned business is another. competitive environment for smaller businesses a third concern and those are all concerns not just for u.s. companies but for european companies as well depending upon the context of a trade deal with china or europe may find themselves in a in a place where they benefit with no deal and they play it may find th

china may stop purchasing u.s. oericultural products and energy, reduceg orders and restrict the u.s. service trade withchina. many chinese scholars are discussing the possibility of dumping u.s. treasuries and how to do it specifically. a boeing spokespersonays the company is confident the u.s. and china will continue trade c discussions ae to an agreement that burn fits both u.s. and chinese and consumers. nonetheless, the stock fell more than 4 1/2%. >> what about that line in the chinese editor's tweet about china selling u.s. treasuries. china is the biggest buyer of our de. what wou happen to interest rates and our economy if it started selling those treasuries. ll adams is senior economist with dnc financial services group. bill, thanks for joining us tonight. >> thanks for having me. >> it's considered highly unlikely they would think about selling too many of their treasuries. what do you think -- i't it interesting they even brought it up? what do you think would happen if they did start thinking about se

thirdly, because china wants the u.s. to amake compromises with north korea, engaged north korea, that china will stand back and let the united states make a deal. and, as i said at the outset, china has such profound equities in the korean peninsula and is at so much risk of things developing in a way that is inimical to chinese interests it cannot afford to be sidelined. thank you. [applause] thank you very much. our for the speaker is ambassador cathing stevens who is th president ande ceo of the korea economic institute and the former u.s. ambassador to south korea. she was also in the foreign service of postings all around the world including in china. here in washington she served as acting under secretary of principal deputy assistant secretary of state for east asian and pacific affairs, debbie assistant secretary state for european and eurasian affairs and national security council director for european affairs at the clinton. >> thank you very much. it is an honor to be here on this distinguished panel and his p

the same as exporting from china to the u.s. . with no end to the trade war inside analysts say the manufacturing shift out of china is likely to continue and could redefine global trade patterns vietnamese manufacturers hope that could end china stone and the factory for the u.s. but instead of the high of terrorists driving u.s. manufacturers back home countries like vietnam are getting the business. just hours after malaysia's prime minister urged wealthy countries to stop sending his nation their trash another country has rejected western waste a cargo ship has docked in the philippines to pick up $69.00 containers of canadian trash which the filipino government says never should have landed on their shores in the 1st place. 11000 kilometers is a long way to go to clean up your own mess the m.v. bavaria arrived at subic bay in northern philippines tasked with picking up $69.00 containers crammed with trash and returning them to british columbia many filipinos will be pleased to see them go the government and environmentalist g

when the u.s. supply tyreese on chinese products companies thought it will be immediately because vietnam and china are quite close together and moving materials from china to a bit and from vietnam to the us is the same as exporting from china to the us. i mean. with no end to the trade war inside analysts say the manufacturing shift out of china is likely to continue and could redefine global trade patterns vietnamese manufacturers hope that could end china's dominance of the factory for the u.s. but instead of the high terrorist driving u.s. manufacturers back home countries like vietnam are getting the business. just hours after malaysia's prime minister urged wealthy countries to stop sending his nation their trash another country has rejected western waste a cargo ship has docked in the philippines to pick up $69.00 containers of canadian trash which the filipino government says never should have landed on their shores in the 1st place. 11000 kilometers is a long way to go to clean up your ow

same as exporting from china to the u.s. . with no end to the trade war inside analysts say the manufacturing shift out of china is likely to continue and could redefine global trade patterns vietnamese manufacturers hope that could end china stone and the factory for the u.s. but instead of the high of terrorists driving u.s. manufacturers back home countries like vietnam are getting the business. just hours after malaysia's prime minister urged wealthy countries to stop sending his nation their trash another country has rejected western waste a cargo ship has docked in the philippines to pick up $69.00 containers of canadian trash which the filipino government says never should have landed on their shores in the 1st place. 11000 kilometers is a long way to go to clean up your own mess b.m.v. bavaria arrived at subic bay in northern philippines tasked with picking up 69 containers crammed with trash and returning them to british columbia many filipinos will be pleased to see them go the government and environmentalist greenpe

now the u.s. and china are not only embroiled in a trade dispute there's also the u.s. led push to get its allies to exclude while way from the building of their super fast five g. mobile networks on a visit to the u.k. u.s. secretary of state mike peo warned against what he sees as a threat of chinese influence over digital infrastructure as a matter of chinese though the chinese government can rightfully demand access to data flowing through redway and c.t.e. systems why would anyone grant such power to regime that is already crucially regulated cyberspace its official security rupie the united states brochure certain information with trusted networks this is exactly what china worlds they want to describe restroom alliances through bits and bytes not but it's unbearable. joining us as a young carter our markets correspondent a wall on wall street now makes case has been almost inevitably linked to the u.s. china trade conflict as well as the lao washington led campaign against china's weiwei how much will their case ultimately mean for u.s. china economic relations.

china trade war on women linked as the u.s. accuses you are way off to lying we talk to the executive director of the international trade center about the implications for europe. also coming up boeing on the federal aviation administration want to global consensus to get the 77 knots flying again that could take time at every many places on both stops. and he wants to be a leader in technology but fails to create the right environment critics say. the business i want to get jobs in berlin and west starting with the latest twist in the u.s. china trade route china's foreign ministry has denounced comments by u.s. secretary of state peo who said that the c.e.o. of china's sure way technologies was lying about his company's ties to the beijing government the us government puts you away on a trade blacklist last week banning u.s. companies from doing business with it now the latest escalation makes a swift end to the trade route increasingly unlikely. u.s. president donald trump says he wants to help farmers who've been affected b

but all your seatbelt, u.s.-china trade dominating. take a look at the way we closed bonds,e dollar and futures being watched by many wall street professionals going into this open. you can see a red across the seine. let's go back into the bloomberg because needless to say even though we saw wait -- late date buyers bring everything into the green, it was the worst year, friday began that way with heavy sentiment hanging over the market. one strategist in the u.s. said the market was clinging to hope and that is why you so late day buying. will we have that hope on monday? that is the question. look at the earnings parade. we have two huge online retailers out of asia, alibaba and tencent, both set to open, report earnings wednesday. they are up 30%, 23% year to date. alibaba in particular will be dependent on what is going on with the u.s.-china trade. you have this, one of the biggest top-performing chip stocks. reportingso a key thursday. shery: the uber -- paul: the uber ipo with the most anticipated of the year and didn't really

in a new twist to the u.s. china trade disputes china has called the u.s. an economic terrorist and signals it could stop exporting rare earth metals to the u.s. and that matters because rare earths are used in a wide range of consumer products from i phones to electric car motors as well as military jet engines satellites and lasers now rare earth are a group of 17 elements here are a few of them therion for one is used in catalytic converters and cars bastien site is used in nuclear industry. is used to make magnets and lanthanum is used in camera lenses and so forth now china supplies nearly 3 quarters of all the world's rare earth 120000 tonnes that is the big produces include australia with 20000 tonnes and the us used to be a major producers but now turns out just 15000 tonnes so are rare earth supplies going to be the bargaining chip in the us china trade war our correspondent andrea hang joins us now in singapore and in cyprus we welcome jameel global head of currency strategy and market research at f.x. t m good to have you both on the show andrea

between china and the u.s. are in jeopardy after beijing hits back at president trump's threat to raise tariffs. sources saying china is considering canceling trade negotiations that were due to begin in washington wednesday. >> the chinese have always said they will not negotiate at knife point. there will be a lot of voices in beijing saying trump tweeting he will raise tariffs represents a knife point. >> the latest threat from mr. trump is twofold. to increase existing tariffs, and, secondly, to broaden the tariffs to blanket all goods coming from china. that is where you get into the world of consumer goods and all of the rest of it. you start to hurt consumer sentiment, consumer spending. if these threats are pushed through, then economists say you're looking at de-sentiment and global growth. >> the trump administration says it will raise tariffs on chinese goods on friday, accusing beijing of backpedaling on commitments made during trade talks. you were at that treasury department briefing. what did the

., china we have to get the u.s. nafta ratified through congress. it's possible you just won't have enough oxygen this calendar year to, because u.s. china just takes the rest of the year >> so going back to what you were saying about the digital economy and the flow of information given the trade between the u.s. and china, for me it isn't even just an issue of the u.s. and china because other countries are still going to use huawei equipment, if the issue is the equipment so is it even possible to sort of x out all the places that have a different standard about what chinese equipment they're going to use and say we're not even going to accept data from those countries? and if not, what are we really fighting about >> that's a great issue, and the pentagon is very worried about that it's not just about building physical infrastructure. it is about that flow of data. if you're a u.s. service in a military operation in a foreign country and you've got to use a foreign built 5g network, that attack surface has increas

and china, trying to break into the u.s. market to become a telecom provider, there was no way this was going to happen in this climate. i don't find this surprising one bit. francine: the rand gained for a third day after the african national congress looks on track for a convincing win in national elections. anc got 55% of the vote, which could means -- what does it mean for the president and his agenda? >> a strong mandate for the president, who took over last year, it would give him the strength within his party to make a lot of unpopular decisions, cleaning up the state owned enterprises which have large debts, appointing his own cabinet with people he trusts to implement his agenda, and tackling the scandal tainted officials who are still in government and are relics of the zuma era. ♪ >> i want to draw our viewers to the bloomberg terminal. this is a blog about earnings. we have it going fast, saying that they are spending very heavily before interest tax appreciation. kailey: there are about 30,000 functions on the

a protracted u.s.-china trade war. a risk-off rally in 10-year treasuries sees the yield curve fall deeper into

barbs still being thrown between the u.s. and china. equity funds seeing the biggest outflows since mid-march. european stocks also at the lowest levels since march. so where do you go for safety? the swissie back on the safe haven docket. u.s. treasuries in particular, yields down by about four basis points. germany also sold six months worth of bills for -66 basis points. the vix moving higher. one asset not really cooperating with the risk off trade is brent crude, and that is a geopolitical issue. david: can you spell it wrong -- can you spell iran? let's get to the first word news with viviana hurtado. viviana: president trump warning china not to retaliate against the u.s. for raising tariffs. he said "that would only make matters worse." the president also tweeted, "china will be hurt very badly if beijing doesn't agree to a trade deal." according to mr. trump, "you had a great deal almost completed, and you backed out." swedish prosecutors will reopen a probe into rape allegations against julian assange, a move that may hamper u

>> there are concerns about the u.s. china trade agreement. the good news is the tariffs and things that are happening don't impact us directly. our business is doing well in china. doesn't impact -- >> we had not seen that impact -- have not seen the impact on our business. we all want to see a fair trade agreement worked out. carol: i want to ask you about the business that we see. a lot of companies are coming up cloud tool.wn how does that affect you guys? >> there are cloud companies do delivery on their own. we cannot have that business. a lot of the internet traffic is with the biggest cloud giants. carol: i feeling everybody has been focused on the ipo market. finally getting some momentum. different results. what do you make of today's ipo debuts? er isn't doing so well. >> it is a frothy market. not as much as 99. when you have that kind of crazy whenit is not share prices fall. you come back down to earth pretty quickly. carol: i think about when you guys went public, there is so much money around. i think about the work, five or fi

reporter: escalating trade differences between the u.s. and china we're hearing a hardening tone for the chinese. spokesman for the chinese commerce ministry, the areas china needs to have in order to have a deal for the united states. there are three basic concerns. first, cancel all the tariffs.

the u.s. is dropping china mobile on the grounds of u.s. security. shery: uber raises a billion dollars after pricing your the bottom of the range. the ipo valued the company's below its last private estimate. sophie: we are hearing from the bank of korea saying tension is rising. we have seen the koran and japanese stock markets being hurt bad because of these trade tensions. yesterday we heard from the boj governor saying that they will potentially have to ease and really implement additional easing if these trade tensions between the u.s. and china affect price momentum in japan. let's get straight to the market action. what you seeing? sophie: in tokyo, japanese stocks are gaining ground. it's been a very volatile week. terror threats and to missile launches. on the yen, we are seeing it lose some momentum after five days of gains. it could be set for the longest winning streak this year. the cossey is opening hire as well. tests, and auspicious milestone for the south korean president who is marking his two-year anniversary and office. losses gi

u.s.-china trade turmoil hitting markets once again. my exclusive one on one interview with the secretary of state, mike pompeo, this morning. tensions on the rise, i ask mike pompeo about concerns of a war with china. >> when you think about risk from a military perspective, it's all about capacity and intent. that is what do they have the ability to do and what do they seek to do? we're concerned on both fronts. maria: we'll have more with secretary pompeo this morning, including china's consideration of curbing rare earth exports into the united states. trade fears hit markets yesterday. there's a selloff at the start of trading, down in the triple digits, after finishing yesterday at session lows. huawei is taking the fight all the way to court. the chinese technology giant challenging the constitutionality of the united states limiting sales of its equipment in the country. the severe weather continues this morning, devastating tornadoes touching down in kansas. flooding and thunderstorms hitting the midwest and northeast. teenage

if we see this rivalry between china and the u.s. continue, how would that affect other asian economies and markets that depend on these economies? guess the trade talks, those are the largest economies around the world. any result from that trade talk will have impact on the globally. australia would be impacted. australia has been slowing down the economy. economic data is showing australia is weakening. inre is one rate cut priced in june and another by the end of the year. major banks in australia have called for rate cuts at the end of 2019. personally i feel at the current low rate level having an aggressive rate cut is not going to have the same impact as when the rate was high. moment it isat the nowhere close to recession. -- number is weakening but what happened if rba realized it has little reserve and little room to do when australia is heading to a different session. considering what you said, where do you see the aussie dollar going? we are close to lows. amanda: [indiscernible] usd is showing [indiscernible] months of

in a new twist to the u.s. china trade dispute china has called the u.s. an economic terrorist and signals it could stop exporting rare earth metals to the u.s. and that matters because rare earths are used in a wide range of consumer products from i phones to electric car motors as well as military jet engines satellites and lasers now rare earth are a group of 17 elements here are a few of them syrian for one is used in catalytic converters and cars bastien site is used in nuclear industry damion is used to make magnets and lanthanum is used in camera lenses and so forth now china supplies nearly 3 quarters of all the world's rare earth 120000 tons that is other big producers include australia with 20000 tonnes and the us used to be a major producers but now turns out just 15000 tonnes so are rare earth supplies going to be v bargaining chip in the us china trade war our correspondent andrea hang joins us now in singapore and in cyprus we welcome jameel global head of currency strategy and market research at f.x. t.m. good to have you both on the show an

you know china is a big holder of u.s. debt, is there any reason to believe, that this worsens and chinese would actually sell securities i know that in the past they said, we don't have any other alternatives but it isn't -- pourless position to be in when china holds so much your debt. >> absolutely hugely related issues, right united states borrows almost half of all borrowing from overseas, the biggest lender to us is china. so that means we are gent on them for capital to finance huge deficits that we have, and it has been a big vulnerability of our country, that if china decides to change its lending policy to u.s., this has huge profound effects on cost of capital would would hurt us financially one of those kind of grenades they have in toolbox a vulnerability i think one of many reasons we should be worried about borrowing so much makes us very vulnerable in this case to a country we are directly competing economically against tensions ratcheting up. >> you complained, about these dire warnings about debt, saying

you know in the conflict this is the u.s. china. and i think the rest of the world can pretty much rest easy that whoever wins this dispute and frankly as an american i think it will be the united states whoever wins this dispute things will go on pretty much the same for the rest of the world in fact this dispute is creating opportunities for the rest of the world especially in the agricultural sector where countries like brazil are taking up the slack of u.s. agricultural exports to china now the trumpet ministrations officials have pretty clear that it's not about soybeans it's not about even the trade deficit any more they want to dismantle the whole architecture i'll chime in as the state capital is and. we know that trump is the basket person but don't you think that's why even for him well it's very ambitious but i also think it's very appropriate i mean look back in 2001 when china joined the world trade organization it agreed to things it agreed to open its markets trade in tariffs so most favored nation status goes along w

china trade talks ended abruptly with the u.s. side arguing discussions had been constructive but not enough for a deal. trump insists u.s. tariffs won't hurt americans but soybean farmers that export to china are already taking a hit with cotton and pork also seeing a slowdown trump's own economic advisor at mid it over the weekend american consumers are going to feel some pain again both size both sides will suffer and there is the uncertainty has rattled world financial markets and made investors nervous we're not at the beginning of the end we're at the end of the beginning and unfortunately we know from history that it's much much easier to start a trade war than is to end one especially. if you've done what the u.s. has begun to do here which is really make it a pride and autonomy question for people. most u.s. companies believe china does not abide by global trade rules but for months large u.s. retailers like wal-mart the rely heavily on chinese imports have been urging the trumpet ministration to finalize a trade deal but

between china and the u.s. are in jeopardy after beijing hits back at president trump's threat. sources saying china is considering canceling trade negotiations that were due to begin in washington wednesday. >> the chinese have always said they will not negotiate at knife point. there will be a lot of voices in beijing saying trump tweeting he will raise tariffs represents a knife point. >> the latest threat is twofold, to increase existing tariffs, and to secondly, broaden the tariffs to blanket all goods coming from china. that is where you get into the world of consumer goods. you start to hurt consumer sentiment, spending. if these threats are pushed through, then economists say you're looking at a change in sentiment and global growth. >> the trump administration says it will raise tariffs on chinese goods on friday, accusing beijing of backpedaling on commitments made during trade talks. you were at that treasury department breaking. what did they say? >> they said there had been a clear turnaround in th

same as exporting from china to the u.s. . with no end to the trade war inside analysts say the manufacturing shift out of china is likely to continue and could redefine global trade patterns vietnamese manufacturers hope that could end china stone and the factory for the u.s. but instead of the higher terrorists driving u.s. manufacturers spec home countries like vietnam are getting the business. just hours after malaysia's prime minister urged wealthy countries to stop sending his nation their trash another country has rejected western waste a cargo ship has docked in the philippines to pick up $69.00 containers of canadian trash which the filipino government says never should have landed on their shores in the 1st place. 11000 kilometers is a long way to go to clean up your own mess b.m.v. bavaria arrived at subic bay in northern philippines tasked with picking up 69 containers crammed with trash and returning them to british columbia many filipinos will be pleased to see them go the government and environmentalist greenpea

china so you know hope that the u.s. side. liners you near traumatization get take and a reasonable stance and really sit down serious lay and talk with the chinese side or without a resume in this you know a bad marriage and trade war all right we thank you very much for speaking to us from beijing japan is accusing north korea of violating u.n. resolutions following a missile test on thursday north korean state media released pictures of at least one missile being launched the u.s. says multiple ballistic rockets were also fired it's the second missile test in under a week and the launches come as tensions between the u.s. and north korea rise following a failed summit between leaders of the south korean president when dion says the weapons tests are north korea's way of sending a message to the u.s. . quote of trumbull hungry north korea seem to be considerably discontented it could not reach a deal at the second north korea u.s. summit in a noisy north korea fired missiles do not directly threaten the united states japan o

u.s. china trade talks and later as i.p.l. listing gets the green light and its debut full well it soon be slamming on the brakes. trading gets behind the wheel and gives us a plane around the street following the listing. a cliffhanger ending for the u.s. trade talks with china leaves our global report today as negotiators from both sides sit just 2 hours of talks before passing a decision on next steps to the presidential level after exiting that relatively brief round of talks earlier today u.s. treasury secretary said simply we are done adding that he and his chinese counterparts had constructive discussions meanwhile the threatened increase of u.s. tariffs on chinese imports from 10 to 25 percent took effect friday morning president trump has labeled an additional threat to apply that duty to another $325000000000.00 of chinese imports not yet covered for now the prospects and schedule for talks is as unclear as ever with president seeming ambivalent about the content and direction of

taxpayers just as they're paying for these tariffs anything comes from china it's the u.s. taxpayer that is paying for it we heard last week of those numbers going up anywhere between $500.00 and now i'm hearing $800.00 per u.s. family it costs going up because of this trade war now the flip side of this is what donald trump is trying to say here's a tweet from donald trump. tariffs will bring in far more wealth to our country then even a phenomenal deal and the traditional kind also much easier and quicker to do our farmers will do better faster and starving nations can now be helped waivers on some products will be guaranteed or story granted or go to new source so i had a bit of a time reading that because i just couldn't it's written anywhere you look at it though the us government say that agricultural products will be bothered by the by the american government and said to these countries need now this is what donald trump is saying i should say the u.s. government this is a pretty difficult thing to do there's a whole bunch of hoops that you have to jump through to ma

a protracted u.s.-china trade war. a risk-off rally in 10-year treasuries sees the yield curve fall deeper into inversion. apple's earnings could plunge by .25 if china retaliates by spanning the iphone. shery: let's get you started with a quick check of how markets closed in the tuesday session after coming back from a long holiday weekend. we saw the s&p 500 fall towards the 110 level with 10 of main groups falling. we are talking about utilities and consumer staples leading the declines. we continue to have concerns over the ongoing trade tensions between china and the u.s. sectors on the s&p 500 also reflect that. the nasdaq falling .4%. we saw theing treasury rally accelerating in the session as well. s&p futures at the moment are not doing much, standing at the 2805 level. sophie: stock futures lower at the global bond rally. it is likely to keep going. the tech space is in the spotlight as analyst calls turn apple.ssimistic on a potential alibaba listing in hong kong is putting the focus on chinese tech listings

emily: we know that the u.s. has -- china off huawei huawei off from u.s. supplies of chips and other technology even though officials have repeatedly said huawei has nothing to do with the trade war, but if such a thing happen in china cut off rare earths to the u.s., how might you respond? is a scarywhy it time in the u.s.-china trade talks. let's say we take the huawei example, the u.s. cutting it off from these american suppliers, china said it will retaliate, but has not said how. i threat like restricting or cutting off access to rare earth s is just scary. it is something that could potentially happen. no one knows how china will retaliate and it could hit the u.s. economy and companies. if china is trying to send a message here, it is being sent loud and clear. you both.nk lots more as we continue to follow. sticking with trade tensions, apple could be hit. the tech giant could see its earnings fall 26% if china bans sales of the iphone. an iphone band represents an extreme case an error that the trade war could play out. a senior research analyst s

to the u.s. china trade war is taking its toll on global stock market shares are heading south from asia to europe this is beijing gets ready to ramp up retaliation to u.s. measures blacklisting some quote unreliable foreign firms and hiking tariffs on a range of u.s. goods starting on june the 1st u.s. time so where are we up to in this conflict now so far the u.s. has imposed tariffs on chinese goods worth $250000000000.00 that's almost half of the goods china sold to the u.s. in 2018 now beijing retaliated by imposing tariffs on 110000000000 dollars worth of u.s. goods entering china and that's almost as much as all of us exports to china in 2018 hours washington keeps up the pressure threatening to raise more tariffs on chinese goods beijing has responded by threatening to stop supplies of rare metals crucial for many high take items now meanwhile on the u.s. doorstep the president on a trump has said he will levy a 5 percent tariff to all goods coming in from mexico unless mexico curbs migra

more consensusbe about where the china-u.s. trade go, evenons could after the deal is reached, there seems to be an understanding this will not be the end of the road. we heard from former white house strategist, steve bannon, in an opinion piece, saying that even if agreement is reached, it be a temporary truce in a year's long economic and strategic war with china. if that's the case, where do the two sides go from here? lot will depend, obviously, on the decision that president trump makes on friday. goes ahead with tariff escalation, i think it's going to take some time in an optimistic scenario for the two sides to resume talks. we do manage to avoid this escalation, i think there's still quite a good chance that have a deal by end june. but i think more broadly, that point is absolutely right. this deal, if we get a deal, the shift intothen implementation and i think the implementation is going to be rocky almost from the beginning. and the kind of disputes that we see this week are going to be the case going forward so t

taxpayers just as they're paying for these tariffs anything comes from china it's the u.s. taxpayer that is paying for it we heard last week of those numbers going up anywhere between $500.00 and now i'm hearing $800.00 per u.s. family it costs going up because of this trade war now the flip side of this is what donald trump is trying to say here's a tweet from donald trump. tariffs will bring in far more wealth to our country then even a phenomenal deal and the traditional kind also much easier and quicker to do our farmers will do better faster and starving nations can now be helped waivers on some products will be guaranteed or story granted or go to new source so i had a bit of a time reading that because they just couldn't it's written anywhere you look at it though the us government say that agricultural products would be bothered by that by the american government and said to these countries need now this is what donald trump and saying i should say the u.s. government this is a pretty difficult thing to do there's a go of the whole bunch of hoops that you have to ju

you look at the u.s. and china and the u.s. and iran, they are manageable, not good for markets but if it gets to the next stage because something happens which shouldn't, you can see oil markets ripped higher. we have seen the president issue an executive order when it comes to uranium metals, steel, aluminum -- will that have repercussions in metals prices? --hew: we see base muscles base metals being constrained generally. if you exclude certain markets where there is significant volumes, there is no difference in terms of too much soybean volume in the world now because of african swine fever. base metals in energy are a different story. there is significant supply discipline from the larger producers. upon supply of the economy globally is ok. demand is holding up fine. the risks are to the upside in a lot of these markets, if a lot keep getting pushed to a conclusion which is not good for the world, but you will see a significantly higher price response in some commodities. you mentioned african swine fever. we have seen

and china anytime soon. u.s. officials are increasingly convinced chinese hardliners have the upper hand in beijing. bloomberg has learned the stalemate growing out of an earlier deadlock over how and when to remove u.s. tariffs. chinese state run media blaming the u.s.. saudi arabia says two of the oil tankers were attacked as they were sailing to the persian gulf. and no one isged claiming responsibility. iran calls the incident regrettable and warns against plots to upset the region's stability. british prime minister theresa may trying to revive brexit negotiations with the opposition labor party. she is promising to reopen talks with the european union. they will explore rewriting the agreement on customs ties, but the labour party warns that lawmakers still want to second referendum on brexit. and a $6 billion bailout for pakistan from the international monetary fund. pakistan facing a balance of with dwindling foreign exchange reserves. global news 24 hours a day on-air and at tictoc on twitter, powered by

mark: china's top trade invoice will speak to robert lighthizer. u.s. tariffs on chinese goods are set to increase to 25% hours later. the senate intelligence committee's top democrats as the penalty sissy all of the counterintelligence information gathered during special counsel robert mueller's brush investigation. mark warner says the committee has compiled what he calls much greater details then the report described about what the senator called an organized effort by the russian government and russian oligarchs to interfere with the 2016 election on behalf of donald trump. warner's comments came to the christian science monitor breakfast. >> i don't know how you would , and wehat without unlike other committees because of our intelligence oversight responsibilities, this was a counterintelligence investigation. we need to see the underlying evidence that we may not of collected that mueller had. mark: senator warner declined on the news that they subpoena donald trump, jr., also -- although the committee reserves the right to call witnesses back fo

are china in the u.s. in training an endgame the battle lines have been drawn and demands made in this trade war it appears both sides are preparing for the long haul what does it mean to win a trade war what does it mean to lose and how far could those have. facebook and google started with a great idea and great ideals unfortunately it was also a very dark so. they are constructing a profile of you and that profile is real it's detailed and it never goes away turns out that google is manipulating your opinions from the very 1st character that you type into the search bar it will always be one dog food over another one comparative shopping service over another and one candidate over another. what they think you should be see if they have this kind of power then democracy is an illusion the free and fair election doesn't exist the more we give them the sooner we all. as a tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but t

they restrict u.s. companies in china in a way that the u.s. does not restrict chinese companies operating here and selling here. that said, the president taking quite a gamble here. explain the politics of this. >> so right now, in terms of china, what you're hearing on the hill is there's some frustration among republican senators who represent farm states. someone like joni ernst in iowa, john thune from south dakota, pat roberts from kansas. and they're saying that farmers right now are hanging with the president. i think john thune told politico maybe because they think they're doing the right thing. however, that patience will only last so long as they're seeing their bottom line dip. christine romans pointed out what's happening in iowa, not only the trade war but also the flooding. there's already been $10 billion in subsidies for pork, soybeans, corn, dairy, because of trade wars and disagreements in china as well as mexico and canada. so farmers are really taking the brunt of this right now. and politically, that not only affects the

companies to export to china he wants u.s. companies to do business in china but there has to be some observance of reasonable rules and laws and we see a pattern of chinese companies involved in intellectual property subsidies from the chinese government which really results in an unfair playing field and that's what president trump's policies are seeking to address let's bring in. in beijing also the u.s. seems to be suggesting that china is cheating that it's not playing fairly. well those are nice talk points but you'll notice that our my colleague hasn't brought forth any particular evidence to that fact the issue is that since donald trump came forward and became president he has been largely involved in a what he does best which is trying to shade the reality of what is happening china has been rising for quite some time if you look at what the u.s. has been able to win at the w t o we're talking in excess of three quarters of the time if there are real cases out there where where are they and where have they been lost

up between the u.s. china dispute. discuss about that asset, next. ♪ rishaad: you are back with bloomberg markets. a joint venture in china. they are hiring five managing directors taking majority control last year. eric has been recruited from the merchant bank. talks with three more mds. >> the latest on the bidding war. anadarko is back. leaving chevron with four days. they had raised the cash portion of their offer. they also pledged to pay the breakup fee on anadarko's behalf. it lined up a deal to sell the gas field as part of the transaction. rishaad: forecasters after halting work, deliveries should now be to the middle to low end. is indicating last month that they would be in the middle of that range. there was a dam collapse in a separate mine in january. >> stay in the commodities space. the u.s. china trades that is putting others in a precarious position, especially copper, looking especially vulnerable. james poole is with us out of singapore. been, metals have resilient. the news this week will not he

even if the china u.s. negotiations had been successful, there are other trade issues on the horizon. auto tariffs is the most imminent. there is a deadline on may 18 where the white house is supposed to make a decision about whether to move forward on either tariff. they cannot extend that deadline. days the law they have 180 they can extend that deadline to mid-november and that looks like the most likely. you cannot see them trying to take -- you could -- it is unlikely they have an escalating trade tension plus moving forward with auto tariffs. that is something market participants should keep in mind. even if we do see a resolution on china, there other things percolating and we just go back to our clients, go back to what president trump has been saying. he fundamentally believes the united states gets shortchanged on trade so it is not surprising he is effectuating this trade policy. david: take us forward to the g20 meetings with japan or president trump will apparently be meeting with president xi.