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.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. 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

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

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

the u.s., 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

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

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

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

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

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

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

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

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

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

the u.s. forces have to retake all of the city but months into the rock offensive the situation there remains grave for civilians. i came from russia nothing is left in iraq for destruction because of the coalition and i said but the strength of the coalition will worsen some villages were wiped out some neighborhoods were demolished houses families children women would head by the random strikes and. i left my neighbors at home in the evening and went to sleep outside i came back in the morning just to find twelve of the date the children the mother and the man i buried them they don't age because the shelling anakin the dust suffer i studied it was great but kalish was placed in lessons in a team they carried out in their strike on my school and killed a lot of people as they were refugees from aleppo obviously this time not alone much t.v. i doubt a lot of the coalition targeted everyone just the same it kills one person from all the silt and everyone else around. the mess it is in iraq are

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

the u.s. they say they have successfully launched an icbm for the first time. president trump tweeted that perhaps china would end this nonsense once and for all. and china willia be meeting. china's official news agency, trade between 33% inand china raised the first five months of the year. further questions about donald trump's travel ban. the state of hawaii is challenging the enforcement of the order. they asked a federal judge to deny. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. >> thank you very much. those are the headlines. let's look at the markets to show you where we are on the european equity session. the fourth of july is celebrating in the u.s. this is the picture right now. 0.2% at the moment. we have seen north korea digesting the carried out that icbm launch. some strengthening. we have the dollar-yen strengthening. yields are weaker. is a little weaker now. stories, north kor

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. that putin did not succeed in getting those back as one senior russian lawmaker put it we may have to exist in parallel realities, one with the u.s. continuing to put pressure on russia with these sanctions, on the other hand will be negotiating and working with the u.s. in places like syria where the two presidents agreed that they would try to set up a limited cease fire in south western syria with the help of the jordanian government and with the russian military police on the ground trying to enforce that in one pocket of the much broader and deadly civil war in syria. >> it was interesting you mentioned how it's being characterized as a break through, this meeting. specifically, what do you hear might be the break through moment for -- for people who are watching there in russia? >> reporter: first of all, the fact that you had a russian and u.s. president meeting for the first time in nearly two years. it hasn't happened since september of 2015. second, the fact that here these

u.s. drillers cutting rates for the first time in 24 weeks. >> suvs and trucks give auto sales some hopes. we are not likely to reach last year's record numbers. betty: china and russia say they are getting on famously. the u.s. is warned about a new negative tone. >> hello from sydney. --re just past it :00 a.m. 8:00 a.m. betty: it is just after six a clock p.m. in new york. in the next hour, we will look at the asia-pacific trading day. the markets are now on their holiday break. they closed three hours earlier than usual. it was the same story we saw on friday, which was the tech shares dragging down the momentum in the rally. energy shares, financials listing the indexes. as you see, the nasdaq closing down .5%. the tech sector the worst performer overall. kind of a mixed look right now. setting you up for a softer tone in asia perhaps. pid,i: pretty cap it -- te and understandably going into a shorter trading session. is there a justification for the fed saying that the weakness is tr

and the u.s. elections? and then there's the delicate matter of u.s. relations with traditional european allies, like france and germany. >> got real disagreements over trade. over climate change. questions about america's willingness to stand up to russia. probably the europeans won't be them to be when it comes to north korea. plus, the personal dynamics between chancellor merkel and president trump shall we say are less than ideal. >> so far this year, markets have slugged off global worries and put geo politics in the backseat, but that could change ane backseat could become a real front seat market driver. >> while the broader markets were flat, one sector that did move today on the rising tensions with north korea was the defense sector. boeing -- and lockheed martin were all higher and they're all behind our country's military defenses. morgan brennan has more. >> the pentagon is describing it as a new kind of missile that quote did not seen before. an intercontinental ballistic missing or

u.s. military aged a show of force and korea, sending two nuclear-capable be-one bombers across the country. this is in response to the latest missile launch by north korea. kim jong-un says the success of the second icbm means the whole of continental u.s. is in range. russia says it is concerned about the launch and is ready to back new measures against pyongyang. u.s. toas told the reduce embassy and consular staff across the country by 755 people by september 1 following new sanctions agreed by congress. that would be more than half the personnel and lower the total to 455, the same number russia has in the u.s.. president putin said he would refrain from further measures in the but his administration warned it would act if necessary. >> this retaliation is long overdue. if the u.s. side decides to move further towards further deterioration, we will answer, we will respond, in kind. we won't mirror this. we will retaliate. factory output's rebounded in june as global demand continue to

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

the u.s. tested its missile system on tuesday by shooting down a simulated incoming intermediate range ballistic missile similar to the one allegedly being developed in north korea meantime pyongyang has warned the time any kind of military confrontation will quote inevitably lead the u.s. to self-destruction and vowed to turn america into a pile of ash although the drill was planned months ago it's being seen as a response to north korea's latest missile test a week ago. after that test expressed dissatisfaction with china for not putting more pressure on north korea. looks at how washington is trying to lean on regional powers. even before the eleven missile tests north korea conducted this year the u.s. has long demanded beijing to do more to curb pyongyang's nuclear program this rhetoric even got a term of its own the china responsibility theory which angered beijing if you don't don't change usually conjunction or is neither a focal points of contradictions over the issue no real driving

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

how will the u.s. respond? >>> stepped-up security in cities across the country as crowds gather for fireworks. a major showf force. authorities taking no chances. >>> firefight, a growing danger in the sky. recreational drones hampering efforts to save homes from burning. an urgent call to ground them. >>> zika threat -- this summer mosquitos are back and the fight is under way to prevent a repeat crisis. >>> and inspiring america. wounded warriors going for gold. "nightly news" begins right now. >> announcer: from nbc news world headquarters in new york, this is "nbc nightly news" with, lester holt. >> good evening, i'm peter alexander in for lester tonight. as americans celebrate the country's birthday, the u.s. is also caught in an escalating showdown with north korea. that rogue regime today crossing a dangerous threshold, for the first time successfully launching what u.s. officials believe is an intercontinental ballistic missile capable possibly of reaching u.s. president trump tonight is condemning the

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

>> 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

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

russia maybe the u.s. . the u.s. then its way and i probably in the states on the united states all you know well and how do you feel about that i faked that our trade policies under the present current administration has got a right i can't believe it could be president that you're trying to protect themselves with trouble being president you've got to expect a lot of crazy things not good but we have to stand out it's not good for us and it's not good for the world we think that we can exist by ourselves we can the world is a much bigger place now with becoming less and less important it's a trade war a trade war between us and the jar and the germans us and the rest of the world it saves a lot of people i think voted for mr trump. because he was hoping not to keep our continual adventures in foreign countries to reduce the wars and what we're having here is just we're creating more of a worse situation in were and we're needing our european partners as well and we're basically we've got a congress imposing their o

u.s. was prepared to defend itself and its allies. the threat came a day after north korea successfully tested a new intercontinental ballistic missile which the u.s. says is capable of reaching alaska. this is u.s. ambassador to the united nations, nikki haley, speaking at an emergenency meetg of the security council. their actions are quickly closing off the possibility of a diplomatic solution. the united states is prepared to use the full range of our capabilities to defend ourselves and our allies. one of our capabilities lies with our considerable military forces. we will use them if we must. but we prefer not to have to go in that direction. amy: haley said the u.s. would soon propose new sanctions against north korea, adding the u.s. was prepared to "go our own path" if u.n. members didn't agree to its terms. meanwhile, russia and china urged restraint. russian ambassador vladimir safronkov called on the u.s. and south korea to stop large-scale joint military exercises, while urgin

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

you have your u.s. total production for the department of industry, the trend is increasing, that is the -- that is what is making the rebalancing story so challenging. we have bloomberg's energy reporter joining us. anthony, oil rebalancing, how much progress of a really making? good morning. the market is balancing. it is just balancing at a price lower than what opec wants. we are still stuck in that kind $50.nge around or below we are seeing some progress last week in some of the numbers out of the u.s. showing stockpiles of decreasing both on crude as well as the products, and that is important because that shows there is a poll from the consumers for the summer demand. . we see some -- some are demand period feared we see some progress, but it is not what opec wants. we do see shale continuing and forecast of shale continuing to come on. that will be a constant challenge and will keep the market well supplied you'd -- supplied. but there is a little less supply coming into the market than demand f

the u.s. secretary of state rex tillerson who was also in that room during the talks told us that the american president opened his discussion with his russian counterpart by citing the concerns of the american people over allegations of russian hacking rex tillerson went on to say that the president came back to that question several times but a lot of putin kept denying any involvement in the meantime the russian foreign minister sergey lavrov says that russia's take on this issue hasn't changed that you have the new model for this company has been blown through pollution and that's been admitted by those involved accusations. been around for many months but no evidence has been provided trump says that putin denied any involvement in the us who works with us and you sense that what we will be watching out for right now is of course the reaction from across the atlantic because you take my word president donald trump will be under a lot of pressure back home for what rex tillerson called a t

the u.s. and french president has show signs of overcoming some of the differences in paris however people voicing anger at both need is regardless of their plans. a new videos emerged reportedly showing u.s. helicopters over the city of raka bicycles defacto capital in syria although washington the house confirmed its forces are now operating inside the city it's only under the pretext of advise and assist under company. you're watching international live from all moscow studio with me welcome to the program. france is marking the grim anniversary of the terror attack in the city of nice one year ago a radicalized man rammed a truck into a festive crowd during a national holiday killing eighty six people the terrorist was shot dead by police islamic state later claimed responsibility for the atrocity. well easy and living in france charter was known to police for several violent crimes. just terror tactics direction lone wolves to rent a truck and drive into a crowd. that is not a. little and

side the u.s. guided missile destroyer came within twelve nautical miles of triton island is part of the disputed parasail island which china considers to be its territory this comes at a time of heightened tensions between washington and beijing washington recently announced plans to sell arms worth one point four billion dollars to taiwan the move in a few reate to china and raise doubts have a president trump the efforts to improve relations with beijing well as discussed the situation further now of course life to jim dean managing editor of veterans today mr dean thank you for joining us on the program now the pentagon has declined to comment on this incident how damaging could this incident be if the u.s. china relations do you think. well he's we have to ask oh why now is he doing this and of course what we have to do as background on it is he's done the it was eve mentioned that he was not happy with china being able to have a stronger effect on north korea and their missile program we had

the u.s. military has warned the iraqi government the possible emergence of an updated version of islamic state or in the time defeat in mosul came the pain that the. making sure that i still doesn't set up shop again might be just as hard as getting rid of it in the first place amal everyone is celebrating the liberation of mosul the top u.s. commander in iraq says to be aware of isis two point zero if we keep isis two point zero from the iraqi government is going to have to do something pretty significantly different so what exactly should the iraqi government do differently any advice i think the primary condition that caused the rise of isis was the fact that a significant portion of the iraqi population this case the sunni's disaffected the iraqis have to make sure after isis is the feed that all iraqis view the government in baghdad is their government so sectarian violence is the main destabilizing factor now didn't everything start to go wrong a few years back after a certain little mi

on thee were reporting u.s. destroyer that is very close to a small island that is controlled by the chinese. ultimately the disputed south china sea area. there are sanctions put on a chinese bank. and also proposed $1.3 billion arms deal with time on. the report listing china among the world's human trafficking offenders. togetherngs all adding as not being very friendly. any actions going on in taiwan are taken very seriously by china it is a very sensitive area. this comes after december's move where president trump excepted a phone call from the president of taiwan. even though they had a great the tone inpril, the mood is changing between china and the u.s. betty: we also have the president of china in moscow as well, what are weeks acting out of that? rosalind: at the same time as the relationship between the u.s. and china are not doing well, the chinese president is meeting with vladimir putin. these two seem to have a more normal licensure. things have not been so rocky. you could say that things are g

the u.s. senate of protectionism suggesting that by threatening sanctions against the project america would essentially be pushing its own gas supplies on e.u. member state and then protecting american workers so this is much more than a war of words this is an energy war that e.u. companies say that america just shouldn't be involved in it all. now germany's chancellor angela merkel has been facing criticism for choosing hamburgers the g twenty host city three consecutive nights of riots number precedented violence rocks several districts as world leaders did gather for the talks last week the country's president says germany hasn't witnessed such brutality in years. we have not had violence of such magnitude demonstrations in germany in recent years. there were apparently some who acted ruthlessly and destructively against police forces and also against the property of ordinary citizens or german police were out in force but over twenty thousand of them struggle to contain protesters with hu

u.s. territory. a sharp turn in a critical foreign policy week for president trump. his response is sure to affect this week's g-20. "early start's" live coverage begins right now. >>> good morning, everyone, welcome to "early start." i'm christine romans. >> i'm dave briggs. happy independence day, everybody. it is 5:00 a.m. in the east. the fact that it's fourth of july not lost on kim jong-un. breaking overnight, north korea announcing its successful test of an intercontinental ballistic missile ordered by leader kim jong-un. pyongyang claims the missile could target anywhere in the world. experts say judging from data gathered by the u.s., japan, and south korea, the missile would be capable of hitting alaska. the missile launched into the waters off of north korea's eastern coast flew nearly 600 miles. >> president trump heading straight to twitter after a briefing at the white house. the president mocking kim jong-un. north korea has just launched another missile. does this guy have

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

thank you. >> john: u.s. ambassador to the united nations nick kim jong-un haley there with tough words for north korea, saying that the it sent otto warmbier back to this country in a coma that he had been in virtually the entire 17 months he had been there, held in captivity, that shows the kind of brutality that regime is capability of. and she says they upped it yesterday with the missile test. we bring in a senior fellow at the foundation for defensive democracy. it describes itself as a nonprofit, nonpartisan policy institute focusing on foreign policy and national security. what changed in the world yesterday, anthony, with the launch of this north korean missile? >> well, north korea's leader, kim jong-un, fulfilled his they get from his new year's message, which was they were going to do an icbm test this year, and that brings alaska into range. i don't think it's going to be that long until the west coast and the western united states is within range. i think we have to assume that newark has the nu

certainly, the u.s. was isolated and g20 when it came to trump having pulled out of the climate accord. but you are making this your point,, are you saying are the other countries any better? if so, what countries do you think are taking the right path when it comes to climate change? >> look him i think a lot of these other countries are better in word, if not yet in deed. it is important, butt is also a crisis of immense proportions. we can't just be talking about taking climate action anymore. we have to be taking climate action. even germany's government, with chancellor merkel at the helm, has been providing more finance to fossil fueled and clean energy. these are countries were justin merkel, thatla lofty rhetoric about climate change, he other public finance is still, the bulk of it is going into fossil fuels rather than clean energy. that is something that needs to change immediately. amy: and the significance of tillerson possibly being subpoenaed to testify in this new york lawsuit? >> i think