its first park in mainland china faces some challenges. as krau >> reporter: the line started overnight. by thursday morning thousands of excited people were waiting to get into shanghai disneyland for the grand opening. >> this is the first disneyland in mainland china. i am looking forward to what kind of surprises are in store. >> reporter: one of the surprises was a big show to mark the opening. the brand's most famous characters were on hand. it's the start of what the company hopes is a massive undertaking. disney's sixth resort park is built on 390 hectares of land at a cost of about $5.5 billion. the fantasy castle center is disney's largest. and the facility features hotels and stores in addition to the attractions. >> translator: i am so happy. >> reporter: the park was designed with chinese characteristics like traditional architecture. the shows based on disney's movies are performed by a traditional chinese acrobat team. the disney store opened ahead of the launch and many tourists rushed to buy souvenirs. >> translator: i fee

disney has opened its first theme park in mainland china. it's the largest foreign investment ever made by the entertainment empire. it is seen as a bet on china's growing middle class. their dreams have finally come true. thousands flocked to the opening of shanghai's new theme park, the first disneyland in mainland china. >> i want to go and see this ride. it's only in shanghai. the other disney parks in the world don't have it. i've been to all the parks. we've been looking forward to this one because it's the biggest and we are from shanghai. >> i think it's really lively here. it can make every girl realize her dream of becoming a princess. reporter: in a fairytale inauguration ceremony featuring communist party officials, a children's choir, and beloved disney characters, the chinese vice president, and disney ceo outeiger rode -- iger rode letters from president obama and president xi jinping. >> i write to welcome the grand opening of the shanghai disney resort. blending an american business with the beauty and rich cultural heritage

in hong kong a mass rally against mainland china is planned for friday on the 19th anniversary of the territory's reversion to china. >>> taiwan yooez president tsai ing-wen is in china on her first overseas trip. the trip is scene as part of taiwan's efforts to increase its presence in the world. nhk world has the details. >> reporter: taiwan's new president arrived in panama. >> translator: we will witness a greater project for the panama canal expansion. it's like coming for a celebration in a friend's home. >> reporter: before her departure, tsai spoke about taiwan's future in the international arena. >> translator: we me, i take the strong hope of the taiwanese people to enter the world to once again prove the intent of the taiwanese people to make a contribution of the world. >> reporter: taiwan has a close relationship with latin american countries including panama. taiwan has diplomatic relations with 22 countries in world. and about half of them are concentrated in this region. tsai sees the region as one of opportunity for taiwan. >> translator: i want to strengthen the coll

. >> join us for a look at >> join us for a look at mainland china. >> join us for a look at mainland china. hey guys lunch is here! it's on me fellas. with the chase mobile app, stephen curry can send money to more people in less time. thanks, steph! no problem. even to friends in a growing number of other banks. ya'll ready to go? come on fellas let's go! easy to use chase technology >>> tomorrow a soccer match between mexico and chile is sold out. some wonder if it is appropriate for families. >> reporter: controversy surrounding fans of the mexican national soccer game. >> people are telling them that is never okay to say. the word translates to male prostitute, often directed at gay men in mexico. it's been yelled by mexican fans during the copa tournament, trying to distract the goalie. >> she says more needs to be done to stop people from using it. >> we have to engage in meaningful challenges to how do we see it here. >> bonnie serves as director of the sjs youth pride center. >> i understand wanting to cheer on the team. they should try to be targeting groups that are doing t

, accusing you of diversifying away from mainland china in a time of slowing growth. is this true? angie: there are a lot of chinese companies who are looking overseas to acquire businesses. but they keep getting shot down by regulators, including yourself. what is the impact for chinese companies in the future? how do they fix this? rishaad: angie got through a lot with li ka-shing, and tomorrow, we will hear his topic -- thoughts on the wealth gap and relations with china. coming up, the visit vote and impact on is really currency. ♪ ♪ referendum on its membership in the european union is affecting markets on a global scale. currencies are being pushed around the world. fears haveexit caused a spike in volatility. elliott gotkine joins me from tel aviv. there are concerns in your part of the world as well. elliott: volatility was rising following data showing the economy was slowing. there has been the biggest jump in over a year. i am sure you love your statistics. last week, with the exception of scheckel and peso, the was the worst performer in the world. ris

. ♪ it's the long-waited disneyland parade in mainland china. with many characters appearing, guests seem excited. buildings that epitomize disney fill the area. the enchanted storybook castle of the center of the park is the most impressive. on this day, the park was initially set to close at 8:00 p.m. but it was extended until 10:00 due to the large crowd. five kilometers northeast of disney resort is a town that is expected to become the center of tourism. the town dates back to the 10th century during the tsong dynasty. this town is also known as the birthplace of the wives of shang kai shek. in the eastern area is a structure built in 1905. one man won the bid to use this land, and has been awaiting the opening of disneyland since 2014. he spent some $450,000 on renovating the old building. >> this restaurant owner had been running a hotel in central shanghai. but having heard about the disneyland plan, he liquidated all his assets two years ago and invested everything in this store. all the cost for maintaining the location have added up t

. ♪ it's the long-waited disneyland parade in mainland china. with many characters appearing, guests seem excited. buildings that epitomize disney fill the area. the enchanted storybook castle of the center of the park is the most impressive. on this day, the park was initially set to close at 8:00 p.m. but it was extended until 10:00 due to the large crowd. five kilometers northeast of disney resort is a town that is expected to become the center of tourism. the town dates back to the 10th century during the tsong dynasty. this town is also known as the birthplace of the wives of shang kai shek. in the eastern area is a structure built in 1905. one man won the bid to use this land, and has been awaiting the opening of disneyland since 2014. he spent some $450,000 on renovating the old building. >> this restaurant owner had been running a hotel in central shanghai. but having heard about the disneyland plan, he liquidated all his assets two years ago and invested everything in this store. all the cost for maintaining the location have added up t

msci will soon announce whether it includes chinese mainland china. now, this is a big issue because china's two mainland stock markets are collectively the second largest markets in the world after the united states. now, the problem is, a lot of fund managers do not believe mainland china's stock market are ready for prime time and some are pushing back on msci to put off a decision on this. one problem is the endless trading halt. this is a big problem if you're an index fund or a mutual fund. how do you meet a redemption? to address this issue, the shanghai and shenzhen stock exchanges have said it will look at the time it can be halted. it's down to three months maximum. whether it will be enough to satisfy msci, still not clear. an announcement is expected by june 14th. back to you. >>> i'll give you a look at the asia market performance overnight. the nikkei 225 drawing most attenti attention, off 1.6%. on monday, i was talking to you about the dollar/yen rate being above 111. i can tell you today we're back down below 110, 109 is.85. the level

. >> her mom and dad born in mainland china. they were dodging the japanese in china. when they got to be a little bit older there was the communist revolution. they separately manage today get out of mainland china and go to taiwan and they had met briefly on the mainland and my father-in-law had taken to her and he searched in taiwan to find her. they got married and had three daughters. my wife is the oldest one. he came to america for three years by himself, worked multiple jobs trying to get a start in the shipping business. he had been a ship's captain in taiwan. he wanted to be more than that. he for three years worked multiple jobs to get a start, he called for my late mother, they came over on a freighter. they were the only people other than the boat and boat commodity on a big freighter. finally ended up in a small apartment in queens and he kept working and kept having kids, they ended up with six daughters, four of whom have gone to harvard business school. [laughter] >> guest: he build a very successful shipping business and, you know, that is the kind of

after explosive claims from a local book seller about his abduction in mainland china. the manager of the bookstore went missing on the mainland in late 2015 and reappeared in hong kong this week. he says he was kidnapped by chinese special forces. >> translator: when they brought me across the border, it was dark. they blindfolded me and put a cap on my head and basically bundled me up. >> reporter: he claims he spent months in solitairy confinement and was forced to confess on tv. his allegations have not been independently verified but the hong kong government attaches great importance to the incident. meanwhile, china's minute tri of foreign affairs says any issues having to do with hong kong are china's. >> he violated chinese law on the mainland. therefore the law enforcement authorities here have the right to deal are relevant case in accordance with law. >> reporter: it sha-- and his f colleagues voluntarily traveled to the mainland to help with the police investigation. all five were involved with this bookstore, cause way bay books as well as the publisher mig

by the end of the year, it will start making disney movies in mainland china. ceo bob iger revealed his plans. >> in terms of what is going on in china that works to our advantage, clearly establishing a move from a manufacturing to a service economy is very important. we benefit by that, but we also contribute to it. one of the reasons we got permission to do this is the nature of the business, the number of jobs we create in the service sector and the message it sends. another thing is emphasis on tourism. the number of chinese that are traveling today within this fast country is up substantially from when we even first decided to build here. the government of shanghai established tourism as a linchpin of sorts of their service economy. we benefit from that as well and contribute to it. many things that i think are going on here, transportation, growth in air travel, high-speed rail, more roads, more cars, all those things play to our advantage. >> there would be some who would say wages will be depressed and that will have an effect on disney ultimately. do

already there. >> it's the first ever disney park in mainland china. this week opening it's gates to the world. 17 years in the making. disney chairman and ceo bob iger's epic undertaking today a sparkling reality. >> you're here on the cusp of the opening. is it everything that you anticipated it to be? >> it's everything i anticipated it to be and more. what i imagined possible. >> it's hole to business's biggest enchanted story brook castle ever. disney's chinese partner predicting 10 million guests annually. tickets to opening day selling out in just hours. over a million people have already come here just to catch a glimpse over the late. before the gates have even officially opened. >> the mass transit rail extension capable of delivering 20,000 every hour. >> just outside the park, disney town. open just over a month ago it's already over a huge hit with world class shopping and dining and overlooking the wishing star park and as the clock counts down to the grand opening inside the finishing touches are underway. fresh touches of paint and danc

manys richest man owns asset in china from ports to retail. we spoke to him with his first interview in four years. he says he remains full of optimism. [speaking foreign language] reporter: but recently, you faced criticisms from some publications in mainland china, accusing you of diversifying away from china at a time of slowing growth. is this true? ka-shing speaking foreign-language] reporter: there are a lot of chinese companies who are looking overseas to acquired businesses, but they keep getting shut down by regulators, including yourself. what is the impact for chinese companies in the future? how do they fix this? ka-shing speaking foreign-language] reporter: is this frustrating? [li ka-shing speaking chinese} rishaad: well, that is a lot with li ka-shing, his views on the hot topics in hong kong. we are going to be talking to the chief executive, and the head of the company in hong kong. ♪ approved a new share class. all eight members of the board will make it widely expected decision. we get the latest from san francisco. facebo

. >> join us tomorrow for a look inside the first resort on mainland china. shanghai disney come pins disney with the beauty of chinese art. you you are going to have an inside look tomorrow. we have another full two hours of news on the other side of the break. >>> live from the kgo-tv broadcast center this is abc7 news. >>> good morning, i am matt keller here for reggie aqui. >> i am natasha zouves the it is friday, june 24. we will get straight to that in a m but, first, a look at the weather. mike? >> good morning, natasha. doing all right. hopefully you and matt are doing well, and, you, also. live doppler hd shows fog on the coast. some of it is spilling into the lower coastal valleys and across the golden gate bridge. visibility is lower than yesterday for the commute. you can see the bay bridge and patches of fog and 58 to 80 so comfortable at noon. by 4:00 we are 60 at the coast and 80 until a swamming trend today and i will show you the rest t

her mom and dad, born in mainland china. when they were young, they were dodging the japanese invasion of china. then when they got to be a little bit older, there was the communist revolution. they separately managed to get out of mainland china and go to taiwan. and they had met briefly on the mainland, and my father-in-law had taken a liking to her, so he searched in taiwan for two years to find her. they got married, had three daughters over there. my wife, elaine, is the oldest. but he was an ambitious young man. he wanted to do better. so he came to america for three years by himself, worked multiple jobs trying to get a start in the shipping business. he had been a ship's captain in taiwan. he wanted to be more than that. and so he, for three years, worked multiple jobs to get his start. he called for my late mother-in-law and the three daughters to come over, and they didn't have enough money for an airline ticket. they came over on a freighter. they were the only people other than the crew and the bulk commodity on

the frontal system will likely cause rainfall across mainland china. now 350 millimeters of rain could fall, the heaviest since the rainfall red season started several weeks ago. now, as you can see, more rainy weather is expected as we go into friday. tie aipei will see a high of 3434 degrees. it will be v very hot and muggy. watch out for heat stroke. to north amamerica. we saw severe weather across central portions of the united states on mondayay. we had about six reports of tornados on monday and hail the size of a baseball or a tennis ball in several places of the central united states. there is a low pressure system and front still located over the mid portions of the united states. more severe weather is expected around iowa as well as missouri on your tuesday. watch out for thunderstorms, largrge hail, damaging winds s well as tornadoes. across the west, due to an incoming pacific system more rarain is expected. rain is expected for the cascades and olympic mountains. there will be late-season snowfall. temperatures will be chilly. vancouver 1

. >>> people in shanghai are hoping the debut of mainland china's first disney theme park will fuel a boom in overseas visitors. but the park's arrival has highlighted the growing pains of the city's tourism sector. nhk world's kazuaki hirama reports. >> reporter: shanghai disneyland opens its gates on thursday. the long-awaited theme park is disney's second largest after the flagship resort in florida, and it features many unique attractions. the park is attracting a lot of visitors from overseas as well. hi, guys. many of them are complaining, though, about the long wait. but they're not talking about the lineups here. they're talking about the time it takes just to get here. >> we took a taxi to, i think, a station and from there took two trains over here. >> about an hour, a little more. >> thought it would be easier, but it wasn't. >> reporter: the new park is located in a farm region 20 kilometers from shanghai. it takes about an hour by car, bus or subway to get here from downtown. the hotel shortage has spawned a surge in unregistered bnb accommodations. lots of online posting

those from mainland china were up more than 30% from a year ago. >>> an expo for video game technology has kicked off in los angeles. stealing the spotlight at the electronic entertainment expo or e-3, is virtual reality. about 250 game makers are showcasing their products. u.s. venture firm oculus, a facebook affiliate, brought along its virtual reality goggles launched in march. the booth set up by sony interactive entertainment also showed off gaming goggles. its new game will launch in october. game makers are accelerating development in virtual reality technology in a bid to quickly get it on the market. >>> here is a look at some of the other business stories we're following. >>> a major japanese bank is getting involved in the farming business. officials at smbc say they'll work with local farms to launch an agricultural corporation. the venture is expected to start in july and conduct rice planting and harvesting on demand. the entity will lease and buy farm land. >>> a revolutionary plant based material could soon help athletes run faster. strong and lightweight sell ulows nan

iger spoke at the opening of the first theme park in mainland china. iger: we are very far along in this process, including developing ideas for film and identifying talent already to make those films. reporter: can you give us a bit more clarity on the timeline? iger: shortly. reporter: within the year? iger: we won't have a movie released within a year, but within a year we will have production. francine: our tom mackenzie their speaking to bob iger. let's bring in paul. what kind of market can we expect in china. i know it will be the biggest in the world, but when disney tells us ty will make disney-branded films in china, will only be for the chinese markets? >> i think it will originally be in china. they are trying to create some coproduction facilities in china, so they can great content in china that is outside of the quota of a foreign films allowed into china every year. as you suggested, china is going to be the number one global box office market likely next year, surpassing north america. a lot of the studios, including disney, are trying

. >> join us for a look at mainland china. it >>> tomorrow a soccer match between mexico and chile is sold out. some wonder if it is appropriate for families. >> reporter: controversy surrounding fans of the mexican national soccer game. >> people are telling them is never okay to say. the word translates to male prostitute, often directed at gay men in mexico. it's been yelled by mexican fans during the copa tournament, trying to distract the >> she says more needs to be done to stop people from using it. >> we have to engage in meaningful challenges to we see it here. >> bonnie serves as director of the sjs youth pride center. >> i understand wanting to cheer on the team. they should try to be targeting groups that are doing >> mexico plays chile saturday night at levis jobs make money, of course, how much does it cost for teaching jobs? >> we add up the costs of staying employed. >> a fire that is being called >>> here is a look at oakland city hall where the mayor is preparing to make a major announcement about the police

markets, two markets opening up, mainland china close, hong kong joining the fray. seng down. asia andkly, southeast the philippines. from the drop yesterday. south east asia flat so far. it has been a good week for emerging markets. warning we had that from bill gross. wellve another one here as , the air pollution situation in china could shrink the economy by 2.5%. how bad is it going to get? peoplepollution is that killer, but it is a productivity killer as well. the oecd saying air pollution alone could shrink the chinese by 2060, but if you are 20 years old right now, you will be living through that in your productive years. china has a goal, a target, that pledged to see the emissions peak up by 2030, so there will still be a lot more pollution going forward. pollution costs $21 billion in 2015 globally. is expected to go up eight fold by 2062 $176 billion. about sick leave for workers, damage to crops, and increasing health care costs rishaad:. that is the cost to growth, but if they want to clean this mess up, are there any estimates? there are probably not enough zer

in 1977 and 1978 when the gang of four lost power, it was then that i visited mainland china. there was an opportunity and they invited me to visit. a ping hadme, den xi not announced he would be leader. inclinationom their and i met with uncle deng. at the time, china gave me a hopeful feeling. >> there are many chinese companies who are looking overseas to acquire businesses but they keep adding shut down by regulators including yourself. what is the impact for chinese companies in the future? how do they fix this? >> it needs to be fair. china welcomes foreign investments so other countries should also welcome chinese investors. >> is this frustrating? no, we don't have problems with our situation. we are in 52 countries and we continue to expand their business. in the past couple of years in europe, we have gone into new sectors and making new investments. no problems there. we need to be respectful of y's regulations. that was our exclusive interview. scarlet: amazing she got an interview. up, senator richard shelby, head of the senate banking committee, will join us to d

decision to msci's include mainland china shares. what it will mean for global markets. we are asking mark makepeace, chief executive of footsie russell -- ftse russell. ♪ london --ought it was it is new york. live from london and new york, i am mark barton. vonnie: you can mistake the skyline for london. y.rk: it was the blue sk vonnie: i am vonnie quinn. this is "european close" on "bloomberg markets." mark: coming up -- next week, msci will decide whether to include china. ftse russell has been gradually increasingthe way -- mainland chinese stocks, long investors to add at their own pace. vonnie: so where could we see the inclusion of chinese stocks in the ftse russell? joining us is the ceo of ftse russell, margaret these. is this a concern -- mark makepeace. is this a concern? mark m.: the question is we need theirlude china and indices. the china market is the second biggest market in the world. to continue to exclude the market is something we cannot do long. vonnie: would you take a different decision and include china shares and other businesses? mark m.: we

a rival theme park challenges the first disney park in mainland china, which opens next week. ahead, why the competitor wants to down play western influence. >>> right mow it's time to show you some of this morning's headlines from around the globe "the times" of london reports on an historic renovation on the tomb where christians believe jesus was buried. it was made possible by a rare agreement. archaeologists are reinforcing the chamber that houses the tomb in jerusalem for the first time in more than 200 years. >>> "the milwaukee journal sentinel" reports the quarterback for cheeseheads won't be eating cheese. the packers aaron rodgers eliminated dairy from his diet after knee surgery in january. it is part of a nutrition plan to help him extend his career. he says he followed more of a vegan diet with limited meat. his weight dropped to about 218 pounds, his lowest in nearly a decade. whatever aaron rodgers wants to do is okay by me and the packers. >> got it. but giving up cheese? i don't know. "the los angeles times" reports on the sale of the playboy mansion. the buye

efforts to grow beyond mainland china, hong kong, macau may bring little benefit for now. it may be tough to get this mainland tourists to buy hong kong jewelry as opposed to an international brand when they are abroad. take a look at toyota, more bumps in the road, the luxury lexus brand has received complaints from owners about malfunctioning onboard navigation systems. the complaints came from the chicago area and across southern states. many asking if toyota was being hacked. beeny said systems have disrupted and have not found the cause. radios.e also affects the company has not decided whether the vehicles or app will need to return to dealerships. rishaad: coming up later, seeking $1 billion startup here at why hong kong is in search of its unicorn. next guest is inflation could lead to another cut in the coming months. this is bloomberg. ♪ , let's get back to what's going on market wise. live from melbourne, great to see you. what do we look at today in particular? we have seen the jobs report, what janet yellen has had to say, the rba yesterday standing pat. are

china. saysn stanley and [indiscernible] the fed rate decision more than ever. [indiscernible] the two countries also announced a deal for westinghouse electric to develop india nuclear reactors. .ndia is a growing market modi wants american investment to kickstart a manufacturing boom. david kamman has accused leaders campaign-called brexit of lying to voters. cameron says the leave campaign has caused people into taking a leap into the dark. different opinion polls give both sides the lead. undecided voters hold the key. today could be the endgame in the battle between democratic presidential contenders hillary clinton and bernie sanders. have justew jersey close while voting continues in five other states. margaret has been tracking this for us. any really -- any early indications for us? margaret: hillary clinton has long believed to have had the luck on new jersey. it won't be a big surprise when the results come in. california has been the contest. it is still a couple of hours away. t

help us keep it. >>> disney's first theme park in mainland china is set to open next week. tickets for opening day of shanghai disney reportedly sold out within hours, but an aggressive rival tesn't open until next week, but the critiques are rolling in. some are praising the park, but others may be attempting a magic kingdom it's donald, the other donald, like you've never seen him. he's practicing the ancient chinese art of thai chi, along with the chipmunks. iconic characters will have chinese characteristics. this is our shanghai mini mouse. she's very chinese with a jade bracelet and traditional chinese dress. but the richest man in china thinks the park isn't chinese enough. the time has passed when people blindly follow and go crazy for donald duck and mickey mouse, said the real estate mogul. he's a businessman with a mission. his wanda has spent $3 billion on a competing venture in central china. it boasts the country's highest roller coaster and 14 more parks are in the works. wanda and disney are vying for china's 120 million theme park goers, a number expected t

. >> join us tomorrow for a look inside disney's first resort on mainland, china. shanghai disney, combines disney magic with the beauty of chinese art and tradition. it ears hi. is the internet still out? yes! come on. work together. work together. do you have anything? no i don't have anything. please come back internet. i love you. i love you so much. just come back. please. please. he's streaming a cat video. (family laughs) and the whole party is looking... can i take a look? mitch come on! get high speed internet from at&t with 99.9% reliability at an everyday price with no extra fees. keep calm, your internet's on. >>> san ramon, all the bay area, this is abc 7 news. >>> as many as 100,000 race fans are expected to crawl into sanoma for the sprint cup series 350. some were in the stands today watching the practice lapse. those drivers will have to negotiate ten turns on the track, one of only two on the circuit. a big elevation change to deal with. that's kind of unique. the lowest elevation is 14 feet highest, 174 feet. sonoma say it is exciting for fans, a

it has done well, because money is coming out from the mainland china and coming into the hong kong stocks. rising.ow see this it is already up. so, clearly, it seems that hong kong has been invoked. the rba stands firm and why the big move? last this have been the cut? i want to give you the significant move and is a potential fat finger. illiquid pretty market. this is what the market is considering. they came down half a percentage point. this have been discussing plenty this morning. are. -- the polls are increasingly showing an exit from the european union. take us through the details. >> i will take the gain, wherever it comes from. the shares are trading and it is and what you have here is a proposition. you are looking at the dividend yield. very smart and they and raisednderweight to neutral. and. about thai uh right now, this chart would suggest yes. caroline was talking about a fat finger and a low liquidity. had aer it is, we have nervous couple of weeks. and what is your best guess? remain inct this to the issue is that it was really close. this would say something different.

china. shanghai disneyland opens next week and in addition to the amusement park, the company is producing more films in the region. reporter satmberg down with bob iger -- alix: bob! sorry. scarlet: about the challenges of entering the market. >> in making a decision to enter the market, we felt the best way to do it was with a theme park. theme parks are expensive. this one would cost in the neighborhood of $5.5 billion. it is a big bet on a big market. think, not only the biggest entrance into the market, for the potential to deliver growth for the company long-term. >> it is evident that a time when the government has got this big focus on driving the consumer market, the consumer element of the chinese economy. is that good timing, good foresight on your part? you have to start with the notion, good or bad, you are building something for the ages. it is not about the economy today or the circumstance today. it is about what we really see long-term. some unknowable, of course, but it is

china. but another home grown theme park beat the mouse to the punch. adriana diaz reports from beijing. >> reporter: shanghai disney doesn't open until next week. critiques are rolling in. some praising the park. others may be attempting a magic kingdom coup d'etat. donald, the other donald like you have never seen him. he is practicing the ancient chinese art of tie committee, along with the chipmunks. at shanghai disney, iconic characters will have chinese characteristics. >> this is our shanghai minnie mouse. said an employee. she is very chinese with a jade bracel bracelet. >> the richest man in china thinks the park isn't chinese enough. the time has passed when people blindly follow and go crazy for donald duck and mickey mouse said real estate mogul. he is a business man with a vision. his group, or wanda for short, spent $3 billion or a competing venture in central china. it boasts the country's highest roller coaster, and 14 more parks are in the works. wanda and disney are vying f

. >> her mom and dad born in mainland china dodging the japanese invasion then when they wrote the older it was a communist revolution separately they manage to get out of china to go to taiwan and they met briefly and my father-in-law had taken a liking to her son spent two years in taiwan to find her they got married and had three daughters and wife is the oldest the he was ambitious and wanted to do better so he came to america for three years by himself working multiple jobs to get a start in the shipping business he was a ship's captain in taiwan's and wanted to be more than that. so for three years worked local jobs in called for the late mother-in-law and the three daughters to come over they came over on a freighter the only people other than the crew finally ended up in a small apartment in queens and he kept working they ended up with a six daughters for the went to harvard business school and a lawyer. [laughter] and built a very successful shipping business and that is the kind of story you see all across america which is another reason even when we are frustrated about our a

already there. >> it's the first ever disney park in mainland china. this week opening it's gates to the world. 17 years in the making. disney chairman and ceo bob iger's epic undertaking today a sparkling reality. >> you're here on the cusp of the opening. is it everything that you anticipated it to be? >> it's everything i anticipated it to be and more. what our people have managed to accomplish here is well beyond what i ever imagined possible. >> reporter: constructed by more than 100,000 workers, it's home to disney's biggest enchanted storybook castle ever. disney's chinese parter in predicting 10 million guests annually. ticketing to its annual day selling out in just hours. over a million people have already come here just to catch a glimpse over the late. before the gates have even officially opened. the mass transit rail extension built to bring guests to the park, capable of delivering 20,000 visitors every hour. disney merchandise already flying off the shelves and for the first time, mickey ears personalized with your name in chinese. >> a

and a decline in tourists from mainland china. wan shows thedu blast appeared to target police vehicles. four officers are among the dead. no group has claimed responsibility. but other recent ones have been blamed on kurdish separatists or the so-called islamic state. turkey fordown in nine straight month. the royal bank says global growth will move at an insipid pace, in major economy such as the u.s. and japan. the forecast for global gdp will grow by 2.4% this year, a innward revision of a 2.9% january. an investment fund is fighting liquidity after a move on ratings after one of the bonds. reporting strong and remains strong on rationalization plans. moody's withdrew one energy debt, for what it calls business reasons. that amounts to $1.75 billion. and the apple dobby sovereign fund led to defaulting in april. powered by 2400 journalists and 150 bureaus around the world. i am yvonne man. manus: yvonne, thanks very much. coming up, the fed puts the dollar under pressure by slowing the rate hike timetable. that is as we see a

. >>> also join us tomorrow for a look at disney's first resort on mainland china. we'll have the inside look for you tomorrow at 3:00 here on abc 7. wannwith sodastream®er? you turn plain water into sparkling water in seconds. and because it's so delicious, you'll drink 43% more water every day. sodastream®. love your water. >>> many people realize they haven't saved enough for retirement and see a reverse mortgage as a possible fix. is it a good call? 7 on your side michael finney has this report on the pitfalls on reverse mortgages. >> borrowing against the equity on your home on retirement can be a good idea. but reverse mortgages have a history of problems. despite recent reforms, consumer reports says be careful. when karen and her husband charles took out a reverse mortgage, karyn was 60 years old, six years to be too young on the loan. she took her name off the title. charles died suddenly and karen found herself facing foreclosure. >> when i got the notice, i didn't know what to do. i felt sick to my stomach after awhile. the feeling didn't go away for qu

disney opens the gates today on its first theme park and resort in mainland china in what the company's -- what is the company's largest overseas investment. younes joins us from the opening of the shanghai disney. the wait to get into the park was two hours. and what's a very important day for disney. the ceo bob iger was presiding over a ceremony for grand opening. in his opening remarks was really stressing the importance of the relationship between disney and china. this is what he had to say. >> today is a celebration of creativity and collaboration. commitment and patience, a triumph of imagination and innovation. together we have created an extraordinary destination. here east meets west, the past meets the future and anything is possible for those who believe. >> and the u.s. president as well as the chinese president both sent congratulatory letters to disney for this park. now this park has been years in the making. five years of construction, $5.5 billion of investment and now the day has arrived when disney can say it's been able to deliver on one important strategy. and tha

and a look inside disneyland's first resort on mainland china. it combines disneyland magic with the chinese so now i'm not being perky, telling you that drivers that switch to progressive save an average of $548! whoo! i mean, whoo. >> this afternoon the first family will leave yosemite valley, head back to washington, d.c. yesterday president obama renewed his call to fight that climate change during a visit to yosemite national park. the president and first lady met with a group of fourth graders there. this year marks the 100th anniversary of the national park system. president obama is not only urging americans to visit the parks, but to preserve these nats treasures, as well. >> the biggest challenge we will face is protecting this place and places like it from climate change. make no mistake, climate change is no longer just a threat, it's a reality. >> president obama also touted his administration's commitment to america's national parks. that includes protecting more than 265 million acres of public land and waterways. much more ahead o

join us this afternoon for a lack inside disney's first resort on mainland china. shanghai disney combines disney imagine wick the beauty of chinese art and tradition. your inside look airs today at 1:30 here on abc7. >> you are all excited about an upcoming vacation when suddenly you are too sick to go. so are you out all that money you paid? michael finney helped a san mateo woman out of a jam. >> maria was supposed to go to the wedding of her friends in spain. >> i also wanted to see my family and france. >> however, weeks before the trip she became very ill with lyme disease. >> so i had to call and cancel. that's when my trouble started. >> she called travelocity hoping she could get a refund for her airfare on british airways. >> i was told i could get a refund and then sometimes they said i can't get a refund. >> she kept getting conflicting information from the airline and travelocity. finally she was told no refund. she had to use the refund within one year and an exchange fear. >> i was shaky. i couldn't do the flight. >> she felt too sick to fly so she p

and join us today for a look inside disney's first resort on mainland china. shanghai disney combines disney magic with the beauty of chinese art and tradition. your inside look airs at 3:00 p.m. here on abc 7. >> more many men if you need a razor you go to the store burks that's changing. there's a revolution. >>> there are online shaving clubs that deliver discounted razors right to your door. here's the question, are they any good? consumer reports checked out several popular brands f broad strokes on the face to shaving the entire head from side burns to the sensitive spot under the nose. the team of consumer reports staffers checked out four razors sold through shave be clubs. >> our staffers used each of the brands at home for 8 days and then answered questions on comfort and quality of shave. >> the testers also came in on days one and eight for a post shave evaluation. comparing the feel of the skin to different kinds of sandpaper. by consumer reports trained sensory panelists. dollar shave clubs humble twin blade was the least favorite for face comfor

. >>> also, join us tomorrow for a look inside disney's first resort on mainland china, shanghai china combines disney magic with the art and tradition. the inside look airs tomorrow at 3:00 p.m. right here on abc 7. wannwith sodastream®er? you turn plain water into sparkling water in seconds. and because it's so delicious, you'll drink 43% more water every day. sodastream®. love your water. i drive to the hoop. i drive a racecar. i have a driver. his name is carl. but that's not what we all have in common. we talked to our doctors about treatment with xarelto®. xarelto® is proven to treat and help reduce the risk of dvt and pe blood clots. xarelto® is also proven to reduce the risk of stroke in people with afib, not caused by a heart valve problem. for people with afib currently well managed on warfarin, there is limited information on how xarelto® and warfarin compare in reducing the risk of stroke. you know, taking warfarin, i had to deal with that blood testing routine. i couldn't have a healthy salad whenever i wanted. i found another way. yeah, treatment with xarelto®. hey

some of the 15% of apple's total sales comes from mainland china. when i spoke to tim cook after the company last reported results, he said that he is long term bullish on china, but he said that the companies doing business in china at least right now no longer have the wind at their backs. guys, back to you. >>. >> all right. josh, for more insight, we welcome back the ggvt capital investor hance, and tell me what sense this makes of this supposed to be the victim of the apple's patent infringement, but it is not looking like the iphone 6, and it looks like an iphone, and apple has been making the iphones for a long time, and what is happening at the local level that sparked this, do you think? >> well, i just got back from china on wens tai, and as of now, as apple stated, iphones are for sale in china. you can buy the 6s and the 6s plus, and that is notissue. at the local level this is happening in shenzhen, because they are looking toing something that is similar to the iphone 6, and the chinese government is making a statement, and even though

however, we are not able to talk about falun da la in mainland china because of the current persecution. i'm very happy that the practice is legal in the united states. and i can't even participate in falun parade and marching bands. it would be impossible to do this in china, a country that is under the rule of the communist party. april 27th, 2016, it was my first time to perform in the parade with the marching band. i was full of joy and honor. however, a half hour before the parade was to begin, we were notified that our band was forbidden to join. but we got the permit to perform way beforehand. how could this happen? america is famous for its support of human rights around the world. i wish justice could be done here. seems like a peaceful marching band. >> please speak closer to the microphone, thank you. >> what happens in the united states, i hope the truth that we can work together that it never happens again. thank you for your time and concern. >> thank you. next speaker, please. >> hi. my name is tom borden and i'm here to speak about something that i have observed, i have

here's a look at how all this came to be. ♪ it's the first ever disney park in mainland china. this week opening its gates to the world. >> ladies and gentlemen, it is my privilege to present shanghai disney resort. >> reporter: 17 years in the making. disney chairman and ceo bob igor's epic undertaking today a sparkling reality. you're here on the cusp of the opening. is it everything that you anticipated it to be? >> it's everything i anticipated it to be and more. what our people have managed to accomplish is well beyond what i ever marchinged possible. >> constructed by more than 100,000 workers. it's home to disney's biggest enchanted disney's chinese partner projecting 10 million guests annually. tickets to opening day selling out in just hours. over a million people have already come here just to catch a glimpse over the gate. that's before the gates have even officially opened. the mass transit rail extension built to bring guests to the park capable of delivering 20,000 visitors every hour and with domestic tourism spending in china, expect it to soon top a trillion do

we hope you will join us for a look inside disney's first resort on mainland china. "the inside look" airs today at noon here on abc7. oooh, i think i saw dessert! but you just had a big lunch! it wasn't that big. steve! hey! come back here! steven, stay strong! wh-what's that? you...you want me to eat you? honey, he didn't say that! he did! very quietly. y-you can't hear from back there! don't fight your instincts! with each for 150 calories or less, try our chocolate-y brownies, tangy lemon bars and creamy cheescakes! fiber one. go on, have one. >> dan hairs joins us from new york to tell us what is coming up at 7:00 on ""good morning america." >> we are leading with the mounting death toll after a disasters in west virginia. historic rainfall there leading to epic and devastating floods. more than 20 people dead and perhaps more to come as they search form the missing right now. we are right there on the scene and so many americans worried about their personal finances this morning as the global markets convulse in the wake of the so-called brakessity vote. the do

and a look inside disney's first resort on mainland china. they combine disney magic with the beauty of chinese art and tradition. the inside edition airs to >> there's a fee for just about everything fees days. when a bay area woman saw a charge that added 43% to the price of her gas, she did a double take. she asked "7 on your side" michael finney to look into it. >> she has been gassing up at this chevron in martinez for years. never has she seen a bill like the one she saw earlier this month. >> i come once a week. i've never had this issue. >> but there it was on her gas receipt. a labor charge of $6.54 for a gas purchase of $15.01. >> it's regular unleaded gas for $2.99 a gallon and i'm being charged almost 50% extra to pump my own gas. >> the gas station attendant refused to remove the charge, despite being unable to explain it. instead he urged her to file a complaint with the credit card company. >> i said, no, that's not my job to do. you don't pay a labor fee to pump your own gas. >> the gas sign didn't say anything about a labor c

and join us today for a look inside disney's first resort on mainland china. they combined disney imagine wick the beauty of chinese art and tradition. your inside look airs at 3:00 p.m. here on i drive to the hoop. i drive a racecar. i have a driver. his name is carl. but that's not what we all have in common. we talked to our doctors about treatment with xarelto®. xarelto® is proven to treat and help reduce the risk of dvt and pe blood clots. xarelto® is also proven to reduce the risk of stroke in people with afib, not caused by a heart valve problem. for people with afib currently well managed on warfarin, there is limited information on how xarelto® and warfarin compare in reducing the risk of stroke. you know, taking warfarin, i had to deal with that blood testing routine. i couldn't have a healthy salad whenever i wanted. i found another way. yeah, treatment with xarelto®. hey, safety first. like all blood thinners, don't stop taking xarelto® without talking to your doctor, as this may increase your risk of a blood clot or stroke. while taking, you

. >>> also join us tomorrow for a look inside disney's first resort on mainland china. shanghai disney combines disney magic with the beauty of chinese art and tradition. your inside look airs tomorrow at 3:00 p.m. on abc7. >>> people who haven't saved enough for retirement see a reverse mortgage as a solution. is it a good call? we have this report on the pitfalls of reverse mortgages. >> reporter: borrowing against the equity in your home for retirement income can be a good idea, but reverse mortgages have a history of problems. and despite recent reforms, consumer reports says be careful. when karen and her husband charles took out a reverse mortgage, karen was 60 years old. two years too young to be on the loan. so she took her name off the title. then charles died suddenly and karen found herself facing foreclosure. >> when i got the notice, i didn't know what to do. i kind of felt sick to my stomach after a while and the feeling didn't go away for quite a long time. >> reporter: new regulations to protect spouses not on the loans came just in time to allow karen t

. >> disney opened its first theme park in mainland china today. it expects it to attract up to 50 million guests a year. almost 45% of people in china say they plan to visit the theme park in the next 12 months. >>> service workers alt four atlantic city casinos will vote today on whether or not to authorize a strike. the workers at seizer's harris, balties, and tropicana would join those who have already approved a strike. they're all members of a union and that union said the workers made concessions in lean times and they want pay increases now that the casinos are making money again. >> today, a lawmaker from mercer county will propose a new way to raise money for cash-strapped atlantic city. this plan will let voters decide whether or not to make marijuana legal in a.c. the proposal is named the promoting opportunities for tomorrow bill or p.o.t., for short. it would ask people whether to allow people who are 21 or older to grow, sell, or possess and use marijuana in atlantic city. if sold, it would be taxed at 21% of its market price. >> we