u.s. and the rest of the g7. they forged closer ties. arrives -- after the storm. trump arrives in singapore. crunch. bitcoin slumped after a south korean exchange is hacked, extending this year's selloff to more than 50%. good morning, everybody. this is "bloomberg daybreak: europe." i am pleased to say that this morning, i am joined by haslinda amin in singapore. you.morning to trying to keep track of president trump his movement. what are we expecting for the next couple of days? with, just astart year ago, he was talking about fire and fury, and he called kim a littleretty much rocket man. a year on, here he is with little rocket man himself, talking about the prospect of denuclearization. there has been a huge gap in the definition on both sides. a have the u.s. asking for complete and speedy denuclearization. we have north korea wanting a more phased-in denuclearization. security tont their be guaranteed. whether those compromises can be made when they meet tomorrow remains to be see

immigration officials the u.s. immigration officials to crudely separate children from immigrant paragould parents illegally trying to enter the united states which has justly garnered opposition from democrats and members of his own republican party and hundreds of religious leaders are rarely in opposition to the trumpet ministration policy is set for june thirtieth a couple of blocks away from here in washington d.c. yesterday audio recordings of crying children were released and heighten the strong hostility to the policy which to date has separated more than two thousand children from their parents when they are kept in prison like confinement canales evoking images of ghastly internment in japanese of japanese americans during world war two and and late breaking news reported by mcclatchy the trumpet ministration has likely lost lost six thousand children who knows what this means we just read the story but we'll have more on this in the coming days but what a repugnant and monstrous moral molé the trump adm

attacked the u.s. for what he said was unilateralism in pulling out of the iran nuclear deal and then we've also heard chinese president criticizing the u.s. for its policies on trade its protectionist policies on trade now many analysts regard the c.e.o. as a counterbalance as a counterweight to the existing groupings that are dominated by the u.s. and its allies and what we could see going forward in the years to come is perhaps the c.e.o. gaining importance and prominence in the international world order as we mentioned there's a war of words between donald trump and french president emanuel micron france's warn that fits of anger cannot dictate international cooperation that's off the top of broccoli rejected a joint statement by the g seven leaders summit ended in disarray with trump accusing the canadian prime minister of weak and dishonest statements john hendren is more from quebec city. the g. seven summit in canada began in crisis in ended in conflict u.s. president donald trump came late lef

has ever done before the u.s. wants to demonstrate leadership in this area and not be left on the sidelines so it's an opportunity for him and if he leaves the other countries take the lead in the u.s. becomes a side player in peace then you lose that that it. doesn't understand anything beyond the fact that this could be a good photo op and possibly a boon for his ratings the u.s. has never taken north korea very seriously i mean the idea of the greatest military power in the world sitting down with a country that they've already always considered impoverished and backward i think is anathema to many people in washington the united states wants supremacy against china in the region and it wants to maintain its troops in korea as close to china as possible and and that has really been a big factor in prolonging the conflict in korea the message that kim jong un is standing you know he's meeting with lavrov he's meeting with children paying in signals to trump you know i have friends in the region and you're the on

because u.s. banks were unwilling to convert the funds, despite requests from the obama administration, ultimately the bank of moscot was unable to affect wait the conversation using the u.s. dollar. the u.s. state department said that they converted it into euros using european banks. the only reason the transaction wasn't executed is because the two u.s. banks refused dpite pressure even though the dmims asked them to help -- administration asked them to convert the money. after the treasury department issued the license, the obama administration maintained the false notion that it had not provided iran access to the u.s. financial system. on april 5, 2016, ambassador thomas shoon said, there is no exchange of dollarse the u.s. financial system. we have not allowed an access to our larger financial system. end quote. on may 25, 2016, the acting under secretary of treasury for terrorism and financial intelligence said, quote, buty y what i said here today and i know he was looking forward to me b

the germany-u.s. yield in favor of is so the u.s. dollar, and the drama in italy took a lot of wind out of the euro, and the euro is a big component. scarlet: and it had done so well in the months leading up to this. mike: the dollar might be a bit of a safe haven. there are a lot of notes on the street saying that u.s. stocks are potentially a safe haven, given the uncertainty in europe. julia: in the latter part of this week or month, we saw some wild swings in the u.s. treasuries, and we have talked about the extent of positioning in treasuries in particular. is that what we saw here, the professor -- the pressure because of high positioning? compounded by this then trade, where situation, the trade talks, the tension there -- it caused a bit extended thed that position covering to some degree. scarlet: how much is the fed going to do or not going to do in terms of the daily concerns for the market? this indicated even before that next week is a go, but after that? mike: we saw a big swing and expectations the day that italy was f

it seems the u.s. is not blinking yet in the fight. >> this is certainly going to take the chinese policymakers by surprise because we were looking to the july 6 date when the u.s. said it would impose the first round of tariffs announced on friday or early saturday, and of course, the chinese were going to follow with their own tariffs that we talked about, targeting the agricultural sector in the u.s. and commodity producers. this $200 billion trump has threatened with an additional potential of 200 and dollars, for a total of $400 billion. combine that with the $50 billion and you have close to $450 billion in tariffs. >> china responded forcefully, saying if the u.s. loses its senses and publishes such a list, china would have to take quantitative and qualitative measures. what are the options available to china? we will put up a chart that shows they do not happen if imports to put that kind of tariff on. >> china could make life more difficult for the u.s. operating in china. we have seen this mo

the u.s. says there'll be no sanctions relief for north korea and till it completes its denuclearization and that's contrary to what state media is reporting in pyongyang . hello welcome to us is there live from doha i'm also coming up the biggest battle in yemen's war threatens to worsen the humanitarian crisis as the u.n. holds an emergency session on the conflict. demonstrations in argentina as congress debates whether to change strict abortion laws plus. i'm joined now in rome where the government is employed in a diplomatic standoff with from shoebridge migration policy while hundreds of refugees and migrants turned away from italy head to spain. and the u.s. secretary of state says sanctions on north korea will not be eased until it can demonstrate what he calls full cries ation but media reports from pyongyang suggest a different timeline. has been in south korea briefing regional leaders on this week's summit between president trump and kim jong il and there's also concern over the pre

u.s. it only has a few days to avoid a trade war leaving it up to washington to deescalate tensions over tariffs finance ministers from some of the world's largest economies say they are concerned and disappointment by the new taxes and still an alum india but as john hendren reports from washington donald trump isn't backing down. with days to go before the g. seven summit in canada the economic alliance is fractured the allies are angry and openly talking about a possible trade war we we think this action is inappropriate we think it's absurd to consider canada a security risk to united states and therefore we've taken a targeted and considered approach to retaliation france's foreign minister also says unless the u.s. reverses its new tariffs on steel and aluminum from europe canada and mexico a trade war is just a few days away. at a meeting ahead of this week's g. seven summit in canada u.s. treasury secretary steven minucci and tried to his ways the allies president trump has been ve

however some in the u.s. believe america stands on venezuela is still not hard enough and explains could it be that some hawks in washington are having second thoughts on how great their tactic of orchestrating regime change is i've got a couple of quotes from a us magazine for you of course no one wants to see a regression in which military coups to the norm certainly expecting a faction of the military to depose the current regime and restore democracy entails risk did worrying about the risks and side effects of regime change just outweigh the goals set by the folks in d.c. you wish look at what the piece is called elephants in the room it's time for a coup in venezuela this wasn't just from some reporter writing for the magazine the author is a man who advised george w. bush the president behind the of ghana's stand and iraq invasions a few more revolutions took place while he was sitting pretty in the oval office yup and apart from the couple of lines i've shown you the whole piece as one big call for re

well the u.s. the u.s. president has a couple of summits on his agenda donald trump says he would consider inviting north korean leader kim jong un to the white house if next week's summit between those two leaders goes well trump also said attitude is more important than preparation as he gets set to negotiate the denuclearization of the korean peninsula the u.s. president made the comments after a meeting at the white house with japan's prime minister a part of a flurry of diplomatic activity in the run up to the summit donald trump welcome to washington with the news that he's on off relationship with north korea looks to be very much back on having canceled the singapore summit two weeks ago he appears now to believe that it could be the start of an unprecedented era of peace in northeast asia i hope the upcoming meeting in singapore represents the beginning of a bright new future for north korea and indeed a bright new future for the world the deed nuclearization of the korean peninsula would assure in

shery: we see u.s. stocks mixed at the moment, the dow trading flat for most of the session while the sn p 500 led higher by -- the s&p 500 led higher. we also have strength in tech shares. the nasdaq is up .9%. but all is coming at a time of big decisions from central banks. china unexpectedly did not follow the fed. take a look at what the ecb is doing. itss slowly moving to end asset purchase program. signalingio draghi progress on adjusting the path of inflation. at the same time, signaling concerns over growth and protectionism. amanda: i am looking at the yield curve. we talked about the degree of flattening between the two-year and the 10-year u.s. treasur ys. locale narrow it is. in version has tended to signal a coming recession. has tended ton signal a coming recession. we have a guess coming up. the ecb is phasing out its bond purchases by the end of this year. it will keep interest rates at current levels through the summer of 2019. great to have you back. -- we gotittle back back in little

seven summit in canada u.s. president alsheim first railed against unfair trade practices and then proposed removing all tariffs and barriers to trade shortly before leaving the meeting he's missed the group's discussion on climate change as he departed for singapore for next week's summit with north korea's kim jong un the other g seven leaders meanwhile have been preparing a joint statement to be issued at the end of the two day meeting. the battle lines were drawn early in québec. six leaders sat down together for breakfast while the seventh turned up late a sure sign of the esteem in which he holds the summit. the advancement of women more protection for the oceans and climate many of the topics that canadian prime minister justin trudeau wanted to address seemed to hold little interest for donald trump instead he used the meeting to complain once more about the opponent unfair trade practices the u.s. faces and to threaten the other leaders. their differences they do so much more business with us than we d

still, u.s. port, cheese,rb, cried apples. >> the white house releasing more details between president trump and kim jong un. treating the venue for t singapore summit between protest . we thank our hosts for the hospitality. president trump talked with the north ahead of the summit have been positive. >> a lot of relationships coming along. very important couple of days. tracee: nba star dennis rodman reportedly pns tvisit ornext week. he made at least three trips between 2013 and 2014 and met with kim jong un. cheryl: fed by a esident than just donald trump. president trump now praising mitch mcconnell for keeping the senate in washington this summer after he canceled most of their august recess. the president trading overnight mitch mcconnell announced he will cancel the august recess. maybe they'll get something done other than acceptance of high crime and high taxes. we need orders security. the senate majority leader would keep democrats on the campaign trail community says there's too much

helping u.s. deal with iran and syria, but helps putin showing him wielding power on the world stage. the president said xi is a poker player. you have this trade war with the united states and china right now. xi knows full well that president trump does not want to come back from here empty handed so you have china pushing kim to not just give in on anything, to maybe drag this out a little bit so that china can try to get some concessions for the u.s. on trade. so it's multidimensional chess right now. >> he said/she said. >> you can say that. >> i had to do it. thanks. >> whatever happens at the summit here in singapore, it will have major ramifications for the rest of the world in general. for the asian-pacific region, in particular. with that story tonight, from seoul south korea, here's senior foreign affairs correspondent greg palkot. >> no one's looking closer at what's happening at the singapore trump kim summit than those on the korean peninsula and region. most directly affected by ten

the u.s. naval war college where he was chairman of the strategy department and is now professor of seapower and grand strategy. he wrote books on diplomatic history, served on the secretary of the navy advisory committee, and i think this is his ninth or 10th time here at the new york historical society. there is a good reason for that. we asked him today to speak on the legacy of world war i as we commemorate the centennial of the end of that war. so please welcome john mauer. [applause] >> it is always great to be back here in new york. thejoy so much coming to new york historical society on saturday mornings. you are always such a welcoming audience. --ant to thank aln allen thank dale and alan for putting on these programs. it is so important that we look back to history to find guidance for today. as he said, a nation should think before it acts. it is important for our leaders to think, to deliberate, to because they will not always agree on things. but in the end, we hope, after delibe

the u.s. is also going to suffer from this maybe just as much or even more than china is suffering on both sides that is appears to be the most likely outcome as the battle over tyrants threatens to explode into a full blown trade war. and fears about the effects tariff spats are weighing on the german economy economy as well the new research group has downgraded its growth. as for this year from two point six to one point eight percent it follows similar readjustments by other bodies including the german government other sources of concern include a shortage of skilled workers here and italy's debt crisis my colleague monica jones asked for president clinton's food how the german economy is handling all these challenges. the german economy is relatively solid this is mostly because the domestic economy is steady wages are growing employment is growing so consumption is strong and the construction sector is expanding so the do it domestic economies supporting growth but the export sector is at

has ever done before the u.s. wants to demonstrate leadership in this area and not be left on the sidelines so it's an opportunity to work and if you believe the other countries take the lead in the u.s. becomes a side player. then you lose the. doesn't understand anything beyond the fact that this could be a good photo op and possibly a boon for his ratings the u.s. has never taken north korea very seriously i mean the idea of the greatest military power in the world sitting down with a country that they've already always considered impoverished and backward i think is anathema to many people in washington the united states wants supremacy against china in the region and it wants to maintain its troops in korea as close to china as possible and that has really been a big factor in prolonging the conflict in korea the message that kim jong un is standing in his meeting with lavrov he's meeting with xi jinping in signals to trump you know i have friends in the region and you're the one that is isolating yourself by

u.s. is not singling out china for punishment or at least that's what the u.s. treasury secretary says investors worried america's honor of attack investments is reaching other countries also coming up those trade tensions plus political problems at home all weighing on confidence in europe's economic engine. and investors are unsure what to make of president add on's a real. soaring before coming down with a bump. i'm done and this is a business update. u.s. treasury secretary steven minucci and has denied reports that the united states is specifically targeting chinese firms in its crackdown on foreign acquisitions of u.s. tech following reports to the country and two major outlets nugent tweeted the stories on investment restrictions in bloomberg to the wall street journal are false fake news he went on to say that plans to impose investment restrictions will apply to all countries accused of trying to steal u.s. technology. against a wall street for us with more on this so yes the word

u.s. dollars a night that's more than the average russians annual salary and airline prices to certain world cup destinations have also risen over two hundred percent but it's not only russian hotels and enterprises benefiting from the world cup german companies are also profiting. for the stadiums were imported from germany. and specialized equipment is being used to ensure the pitch is well ventilated and evenly watered. this machine is already being used on football fields where the teams are training. from lawns to technical installations and stadium construction german know how is in demand in russia. germany team is coming to russia as defending champs the german economy also has a title to defend we're still the leading foreign economic presence here with five thousand companies and the onsite service gives german a competitive advantage it operates a facility on the edge of moscow its security climate and heating technology is integrated in all of russia's world cup stadiums. every

u.s., china to the europeans, canada, here we go again. s&p.11 and a quarter down 36 and a quarter. china and hong kong are closed for holiday. the nikkei of the kospi down. the ftse in london fractionally down. >> something you never thought you'd hear. trucksh more fuel-efficient engines. "fbn:am" starts right now. true 25:01 a.m. in europe it is monday, june 18th. i'm cheryl casone. >> pain gerri willis in for lauren simonetti. a train to welcome back from her world travels. >> we saw slim in the media for reporting on children separated from their parents on the border. business reporting by numbers come up price and advocacy groups must stop. it is irresponsible and dave. as i've said many times before coming for seeking asylum your family, there is no reason to break the law between ports of injury. kellyanne conway rejecting the idea president trump is using the kids, to children to get a mortar wall. >> we have to make sure dhs laws are understood. this is child of a relationship w

talks go on over a potential summit between the u.s. president can. well still to come for something a bit different some good news for a change the numbers of one of the world's most endangered species have increased. june on al-jazeera. with media trends constantly changing the listening post continues to analyze how the news is covered it's the most widely viewed sporting event on the planet as russia prepares to host the football world cup we'll bring you stories from on and off the field from afghanistan one o one east investigates why so few girls are in school despite billions of dollars of donations one year since the imposed blockade of. al-jazeera examines the political economic and human impact of the crisis unfold provoking documentaries witness brings world issues into focus for personal stories june on al-jazeera. from cutting edge medical technology toxic venom could be a vast resource for the development of lifesaving drugs to advances in the most difficult regions of the world raising the bands and not the worst. side ever seen an inn

. >>> movement of u.s. products as tension he escalates. >> those stories and more tonight on "nightly business report" for friday, june 29. >>> we do bid you good friday , eveninverybody. stocks get a lift as we close out the week, the month, the a quart the first half of this year. the market was helped by a big move higher in down component nike following that strong earnings report that we told y about last night. at its peak today, the dow was up 293 points, b that rally fizzled as the closing bell approached this afternoon. when all was said and ned the dow gained just 55 points to 7 21. the nasdaq was up six, the s&p rows by two. and for the week, the index was all lower. so a choppy six months on wall street, to say the least. we loo what defined that first half and what may lie ahead for the second. >> stocks worked their way to in modest g in the first half of 2018, but they did it the hard way.bi theest january surge in three decades gave way to a swift drop in february for the s&p 500in x. the b

e u.s.: f miamrida. >> in the absence of needle exchange, in the absence of comprehensive xual education, is is what happens! you have a city that has no control over theurrent h.i.v. epidemic. >> woodruff: and, airing thedr dirty laof one global market. how new tariffs are aimed at revivi the united states' shrinking washing machine industry. >> i don't think that people would mind paying a little bit more if they knew that american jobs are being created, anwa hopefully, ipaying somebody's salary. >> woodruff: all that and more, on tonight's pbs newshour. >> major funding for the pbs newshour has been provided by: >> consumer cellular. >> financial services firm raymond james. >> leidos. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. c negie corporation of new york. supporting innovations in educion, democratic gagement, and the advancement of international peace and security. carnegie.

the u.s. response to russian interference in the 2016 presidential election. if former state department official testified that other u.s. adversaries like china may emulate russia's efforts to influence u.s. elections. this committee hearing is chaired by senator richard of north carolina. >> i call this into order. i would like to not only welcome our witnesses, i would like to apologize to our witnesses for the hour delay. unfortunately neither the vice-chairman or i have control on the schedule for a vote. we had a couple who snuck in on us and it may not be the last time today, but i will do everything i can to navigate us through this open session, then the close session as quickly as we can. i would like to welcome ambassador , former assistant secretary of state for european and asian affairs. and special assistant to the president in cyber security coordinator at the white house. i thank both of you for making the time for us. our next step in efforts to fully investigate and explain

i think the u.s. wanted some kind of deadline like six months to try to achieve negotiations but the north koreans were not willing to accept that. we're back here in nine months from now when we really have not made progress in these negotiations to specify an agreement i think president trump is going to have to get personally engaged to speed things up. host: gary samore is with the kennedy school of government at harvard university joining us from boston. former white house coordinator for arms control and weapons of master structure and from 2009 to 2013, taking calls this ing inhe wake of that agreement signed in the wake of the a stork summit. teresa is up with you from dandridge, tennessee. a republican. go ahead. caller: good morning. all these people calling in about obama and obama's iran deal, they realize obama is not president. he is not the president anymore. donald j trump is. making the comparison between the iran deal and this ,egotiation with north korea donald trump did not send a

emmanuel has said that europe and the u.s. have mutual obligations, europe is dependent on the u.s. in terms of security, but one should not be alarmed. we will help. we will help ensure that security. and in any case, we are doing everything in our power as to avoid anthreats. i think this is the avenue we should be pursuing. that is the first thing. secondly, i will enter into a sort of discussion with the president of france, who said donald trump lost because he pulled out from the iranian deal. i do not think he lost, first and foremost. he is just doing good on his electoral promises. and in that sense, he is a victor domestically. should this deal be demolished for good, then many will stand to lose. announcer: straight ahead, frank talk about economic sanctions. are they still effective? >> the russian economy is evidently stable, despite the triple and double shocks related to the price decline. so it all came to a point. some were able to persevere. ♪ ♪ announcer: welcome back to the presidential plenary of the 2018 st. petersburg international economic forum. building

canada and the u.s. have $2 billion in business every day canada is the largest market for the united states larger than china japan and u.k. combined and that relationship continues as everyone knows here. all canadians and journalists there are very deep connections with united states. they are neighbors and business partners and friends and relatives and those connections remain very strong and intact. i have to say one of the things that has been touching for me has been the number of letters i have received from americans apologizing for the action and assuring me to say we will get back to common sense and that is one of the things that gives me confidence we will get there and then finally we continue to work closely with united states as a member of different issues i spoke to secretary pompeo on saturday we talked about ukraine and myanmar and the work canada is doing to maintain those sanctions and the deputy secretary of state john sullivan in copenhagen on wednesday and to the ambassador yest

in the u.s. they believe, apparently, that the wto is an incursion on u.s. sovereignty and decides on biased ways against the u.s. they believe the u.s. is in some sense a sucker to china and others. now, there is a real issue here, as my colleague chad and others have written about, about china's market economy status, whether or not it should be granted that in the wto in fair terms. there are other issues at work. but in those areas where wto dispute settlement is applicable, china has obeyed almost all of the decisions against it, and notable exception is with regard to union pay and payment systems. but for the most part, has obeyed wto rulings. it is the most efficient and the most fair and the most legitimate way to deal with issues that are within the wto remit. it is in both the u.s. and china's interest to have that go forward. fourth, and this is perhaps the most important point. and chad will pick up on this. some current real disputes such as over technology transfer and intellectual

kim jong un oncet by calling the u.s. president a mentor need to range don't taunt. and the war of words culminated in a contest over who had the biggest nuclear button. but then in february a change of. the ice between north and south korea thought at the winter olympics and pyongyang extended an invitation to donald trump you know i'll be meeting with kim jong un in the coming weeks at the end of a proof the leaders of north and south korea met for the first time kim jong un crossed into the south. and when jay in crossed into the north they agreed to have continued theorising the korean peninsula. in a pyongyang extended another all of branch and released three american prisoners i think he did this because i really think he wants to do this up thing again two weeks later kim jong un appeared to make good on a promise detonating parts of his only no nuclear testing site. then washington through a curveball citing hostility and recent north korean comments. decided to terminate the planned summit in singapore in june twelfth. just one day later and now the turnarou

mexico has already imposed tariffs on u.s. goods and earlier this week canada announced it would also retaliate the escalating dispute has unsettled many companies including german agricultural machinery producer klaus it depends heavily on exports and is now worried about its future. i'd sniff it but i didn't hold it as a company with a high percentage of exports we can see that additional customs duties will make our products more expensive abroad and that means demand will decrease and we will produce less the result is a threat to our sales. that's the only that's the water is the company's biggest market outside europe is the u.s. duties on farm machinery aren't currently being discussed but global trade disputes and the threat of sanctions are unsettling to executives here klaus is staying away from the iranian market even though pent up demand for farm machinery there is an enormous the company doesn't want any problems with u.s. authorities who have reimposed things sions on tehran washington is threatening to punish t

u.s. president what could be ahead certainly could there be visits between him and the u.s. president. trump going to pyongyang him going to the white house one that we haven't even thought about yet but it's coming up in a few months time the u.n. general assembly north korea normally represented by its foreign minister but could kill. come to new york i suppose that now is a possibility let's discuss all of this more with. a former senior u.s. diplomat let me talk to you about what happened here in singapore we'll get to watch eventually came out of it but first the way it was done with this very unconventional president you know the way diplomacy is normally done for example the thirty eight minute with the g. eight minute meeting between the two leaders just with interpreters not even take his very unusual yes absolutely unusual but i think if you look at what happened here in singapore athletes from him somewhat someone all up with a single word disruption and here we talked in the pa

of course, the u.s. has its own issues. the u.s. will have a midterm election coming soon so politicians need to do something in order to win the election. wiinistration there are personnel changes. you know that better than i do. it turns out that the hardliners are now taking more important positions whereas the pro-trade officials either left voluntarily or involuntarily. so now let me focus on the factors for the process of trade imbalance between china and the u.s. if you look at the overall balance of payment that is one person desk -- that is 1.4% of the gdp from last year. on a bilateral basis china's trade surplus of the overall trade deficit. this is greater -- the largest partners combined. mexico is number two malaysia is number nine but all of these account for 44% of the u.s. trade deficit. politicians will definite pick up china to reduce the surplus against me. i think there are a number of factors behind the bilateral trade imbalances. also the u.s. overall trade imbalance. one is the role of llar. this shows that b

now designers from across the u.s. have been competing in another usual contest they've rolled out their best wedding dresses this exquisite gown might look fit for a cathedral but it's made entirely of toilet paper and narrowed down for more than thousand admissions the top ten dresses walked the runway in new york at the fourteenth annual toilet paper wedding dress contest designers were judged on originality beauty creativity and workmanship. beautiful and i suppose the multipurpose as well just from out of our top stories that we're following for you here today on the news u.s. president donald trump has signed an executive order to ensure a migrant families are detained together at the border and not separated which has been the case now for a while there's been growing outrage in the u.s. over the trump administration's so-called zero tolerance policy separating migrant children from their parents. and one of the co favorites for the world cup spain just get past the red and put themselves within reach of the kno

stands but even if the u.s. does change its mind one wants more it doesn't mean a peace process is over. go ahead alex in london i think that is absolutely right and i think you are correct to point out that this actually started as an insecurity in dialogue the koreans first started to talk to each other and properly back in january when kim jong basically made a speech in new year address he said let's go to the olympic games and we've seen this thing take up now i also you're absolutely right to say that each is the united states which has been cool along there are some people in the united states who are think are not happy with this process but ultimately what can the u.s. do if south korea agrees to does north korea agrees to desire to get rid of its nuclear weapons and south korea says the u.s. troops was go does the u.s. say no to those two things where on think people would like it to might not be you know what i think is really interesting we got a demon here i mean you know in looking at the mainstrea

is offering an olive branch to the u.s. the block's trade commission azalea monstrance says the european union is ready to engage with the u.s. to solve the trade row between the two western allies man strong is currently visiting new zealand to begin talks on a free trade agreement that. not long ago it was the other way round but now it's europe that is urging the u.s. to open its markets instead of putting more levies on imported products from across the world that's why e.u. representatives like cecilia monstre are rallying allies to counter u.s. protectionism could escalate. to a full trade war which would be bad for the whole world because we are so as you zealanders in europe in union we are so interlinked in the global economies also in the chinese and in the u.s. and with the global value chains so it will affect us as well it will affect our companies it will affect our consumers the e.u. is imposing its own tariffs on us products and they go into effect on friday they'll hit goods such as whiskey jeans and motorc

who are located in the u.s. -- u.s. mainland and covepnaverbing national movement it's a movement the u.s. government really suppressed and there's a listen not many nose much about t and there was a reason republicans didn't want to make it known that he was not in support of independence. they didn't want to have a match r. -- f.b.i. file opened. mail were thoughtses of being opened and it's a very dark history of the united states. >> a couple of quick follow-throughs. i think she passed away. >> she did. she passed away in 199. >> and how did you come across her story and why? >> i first started doing research on and i have written about -- puerto rican women who were involved in the independence movement in puerto in including protesting, the is the 1970's. and i can say something about that. but as i did research in wan juan -- san juan, i hittered sta stow her name and i reelsed that me scomme other nationalist party women that i was researching were also active in manhattan so i went to the archives at the cente

of course, the u.s. has his own issues. for example, the u.s. is going to have a midterm election coming soon. so politicians need to do something in order to win the election. within the administration, their personnel changes. so you know that better than i do. it turns out that the hardliners are now taking more important positions when they pro-trade officials either the left voluntarily or involuntarily. now let me focus on the factors. and that trade imbalance. if you look at the overall imbalance of payment china's surplus stood at 1.4 percent of the gdp from last year. however, on a bilateral basis, china's trade surplus against the u.s. account for 46 percent of the overall u.s. trade deficit. this is greater than the largest trade partners involved. like mexico number two, malaysia number nine, but all of this combined account for 44 percent of u.s. trade deficit. so politicians will deftly pick up china. you need to reduce your deficit, your surplus. i think there are a number of factors behind the bilateral trade imbalances. and also

the u.s. tariffs. the president says he is ready to escalate the fight. it is just past 7:00 p.m. on a sunday year. opec facing a primary meeting indiana leading a rebellion against saudi and russian plans to pump more oil. not be dead just yet. why central banks are not ready to get out of the business. ♪ morning and good morning to all our viewers across the asia-pacific. it was definitely something to think about from what happened with china with retaliation of the 34 early dollars on u.s. goods and looking ahead to what is happening in opec news. first it was saudi arabia and russia saying that they wanted to pump more oil. iran, venezuela and iraq saying this is not going to be happening. we have a big week ahead of us in what is going on with the trade and commodity front. seeing for trade, we are these punches being thrown. is there room for negotiation? are we at a point of no return? with these tariffs are put in place, there is a little bit of wiggle room to iron out the differenc

either that or the u.s. will have to go through another eighty illogical change again to where it's treaty trade but that's not their direction that we're moving in currently you know a steve you know the united states has a long lineage of protectionist. strategies that presidents have deployed in to grow and industrialized the american economy i mean it's been a big plus being very selective here but you know again there's the historical thing and i mentioned the beginning of the program is that after the second world war germany and japan later south korea were really given really sweetheart deals by the united states to grow their economies for geopolitical reasons of course during the cold war no one denies that but the cold war has been over for a long time and and it's time for the europeans to me that you know in every sense pay their own way ok nato trade and all that i mean i could i understand the logic of donald trump in doing this here in the united states is very benevolent to these this part o

bywas treated as an equal the u.s. president. the language used by the u.s. president was the same he would use in the ovalffic with a visiting head of state or head of government. he would say it is an honor to meet with kim j jong-un. he talked about a terrific relationship. he does the same with a l lot of the u.s. a allies. it in fact -- in fact he does not do that with all of the u.s. allies. remember he went to the g-7 summit witith all sorts of problems. >> thank you. live.re on this, we cross analysts have been skeptical about this document saying it is a bit vague. do you think it has been cleared up by the press conference that donald trump gave today? >> not really. donald trump saying the menace of nuclear weapons will be removed. he is prepared to start a new history. he also talked about the sanctions very much saying -- very much staying in place. verifying.s. would be to ensure the promises made would be kept. mike pompeo sitting down with a team next week. before this conference this week, let's not forget he was talking about the complete de

now, at the u.s.-north korea summit meeting, the matters to be discussed, i would refrain from this at this juncture. japan's positions were explained at length and president trump has given his understanding and he has promised that issue will be brought up at the summit meeting in singapore. i'm delighted of this. president trump and the international community, i would like to closely work with president trump as well as the international community to find solution to the issue. japan needs to have direct consultation with north korea. i have not changed my resolve in doing so. under this issue and result, what will be conducive to solve this abduction issue, of course,ly have to think about the summit meeting for japan, north korea summit meeting and what is more important, the abduction issue, the solution to all of these issues must be solved. i hope that we will be able to realize the meeting which would lead to a solution of the problem. first and foremost, we need to seek advancement for the

normally u.s. presidents don't replace their secretaries of state and various other lead a disease like the cia within the within a period of a year or two years he's been very very different in that regard he's done all these things that are counter-intuitive and and yet and still he manages to come out ahead so. he's thinking the same thing on this with regards to imposing these these these trade tabs whether or not it's going to work with the with the deputy oh and with our trading partners is yet to be seen but he believes that it will and he's willing to stand alone if he has to to make that point mauricio second see it vos send that that out and many still have companies either that deal or expanding is it easy to see it from that perspective or do you think that the tit for tat because the create will problem for the american companies and the american consumers in the in the near term. i think of it that the problems are much bigger than the share of trade they're verities actually targeted

>>> the u.s. is back on top. those stories and much more tonight on "nightly business report" for this friday, june >>> good evening, everyone. welcome. well, thing westbound chilly north of the border. world leaders gathered in a quec fo meeting of the g7, a summit of the major industrialized nations. historically global issues are discussed. there's usually no drama and little nsion. this year it's different. it's because of mounting trade tensions between the u.s. some of its closest allies. kayla tausche is in quebec city for us tonight. i> blue skies and -- after promptmposed tariffs, citing national security risk. uk prime minister theresa may called for an immediate rollback. europeans pushed by have been in place forver 20 years, as world leaders met, companies pushed for actiontoo. in the u.s. the business roundtable urgedengagement, not friction. in canada. pete assignmentens, the ceo of the oldest lyfaun business, worry leaders are missing the opportunity to move forward. my greatest fears we don't hav

u.s. . the fighting dragged on for three years and killed an estimated two point five million. u.s. general douglas macarthur was chosen to lead the coalition troops. the u.s. . etree reserves the right to use nuclear weapons in the conflicts. that prompted north korea to pursue its own nuclear option. once the korean war was ongoing camille sung went to the russians and said jamie i'd like to come in a little position where i had nuclear weapons and could deter the outside the russians said not on your life they were very resistant and he kept going back again and again eventual the they allowed some north korean scientists to go and learn to become nuclear engineers. after the war ended in one nine hundred fifty three kim tend to china to help in a quiet nuclear weapons. at that time china's nuclear program was still in the planning stage can travel to beijing to meet chinese leader moloch said don't but muller was suspicious of kim's intentions and refused to accommodate him. so kim tur

u.s.-mexico border. then, a look at why so many e risking it all to make the treacherous journey across the u.s.-mexico border. plus, mr. trump heads minnesota to rally his base-- we hear from voters in the key midterm state as the president's policies get put to the test. and, bringing clean water to the navajo nation-- the struggle to provide basic services to families in the sprawling u.s. reservation. >> it's kind of a shock when you .ink that people in the u don't have water. we're going to change the livesi of this from the water they were carrying in pickle having running water.ually that's a huge shift for them. >> woodruff: all that and more on tonight's pbs newshour. >> major funding for the pbs newshour has been provided by: ul >> consumer ce. >> financial services firm raymond james. ♪ ♪ >> supporting social entrepreneurs and their solutions to the world's most pressing problems-- skollfoundation.org. >> the lemelson foundatito. committed mproving lives through invention, i

u.s. administration were not overly high no one expected that kim jong il would lay down and say all of my nuclear weapons are yours you can do whatever you want now this is not the expectation expectation was that they would get to know each other and this expectation has been that now the hype of the second round it that's a different story that's i think one that definitely plays to trump space in terms of denuclearization this is of course at the core of this discussion what is north korea looking at when they say denuclearize asia because we know that the definition of the americans are looking at is very very different for the north koreans denuclearization is just a step by step process and this is what you can also read in the in the activation now that they've signed together that they regard this as incremental steps step by step that they could take there's a word about it of being it being verifiable or it being irreversible so i think this is it shows us clearly that they talk

is the biggest u.s. maker of gypsum wallboard and they fight for bankruptcy protection in two thousand or one under the weight of as the best of litigation settlements and then famous warren buffett debates out the company with three hundred million dollars in funding but berkshire's they became so large that it couldn't sell those tears in the open market without pushing down the price so this deal now in a group berkshire to exit what buffett has called a disappointing investment now if in the meantime gets the opportunity to reap the gains of a recovering u.s. housing market and i've got to ask you sir if a house the market responded to the g seven may have. investors do not care about any summit at the moment this is not easy to understand and even harder to explain because these comments could have a significant impact on u.s. companies and also the stock market but when i talk to traders they tell me there's simply enough money in the markets right now and investors seem to think it is now or never