. >>> prosecutors in south korea want president park geun-hye to agree to be questioned about a scandal involving her longtime friend. growing concern about what stance the new u.s. administration will take on the climate change. and the dollar rises against the yen. the man who commands american forces in the pacific says the u.s. remains committed to allies in the region. >>> to scrap or restore nap is the question. people want to have examples of japan's unique architecture. >>> prosecutors in south korea are urging president park geun-hye to agree to be questioned about the scandal that's dogged her over the past few weeks. >> they say they can wait until friday.

he imposed tight control on south korea. he was assassinated in 1979. some citizens voiced opposition towards the textbooks. >> translator: i'm worried children could have a violent view of history. as most of the people are against the move. >> translator: i wonder if children will be able to learn what actually happened. >> the draft books will take the government's stance on the takeshima islands. south korea controls the islands, japan claims them. >>> ai uchida is here to give us details. >> we're hearing from officials at the oecd and they point to donald trump's promise to boost spending on infrastructure. that pledge by the u.s. president-elect is making them more bullish about global growth. they released their latest global outlook on monday. they expect the global economy to grow 3.3% in 2017. that's up .10 from what they predicted in september. they predict growth will hit 1.6% in 2018. they say if donald trump follows through on his promise on infrastructure investment, they think that will boost global growth. they say japan's economy will

>> there are a lot of policy uncertainties for south korea. there will definitely be changes if trump's campaign pledges turn into actual policies. south korea is concerned trump may send unpredictable messages regarding his nuclear programs. vocalapan, trump than that south korea should pay 100% for the u.s. military presence here of over 28,000 people in order to counter the aggression. during his campaign, trump said south korea and japan should be armed with nuclear weapons to alleviate the security burden for the united states. we're talking about very dramatic and alarming changes, especially considering the ongoing political scandal in this country. but all this is still very vague this -- vague. this period of uncertainty is sure to continue. secured -- it defense chief reiterated is almost complete and this will go ahead as planned. >> they will be a lot of uncertainties ahead. thank you so much. reporting from tokyo and seoul. the newe does president-elect have to say about asia? iraq war and the other u.s. actions in the middle east

south korea is known as a country at the forefront of beauty. ♪ one current trend is for pale skin and bright red lipstick. and among those adopting this look are some surprisingly young faces. this girl is also 15. she shows us her makeup bag packed with an extensive range of items. foundations to color cosmetics. the number of south korean children using makeup increases year on year, and they are getting younger. high school students are par for the course, but recently even elementary schoolchildren are adopting such habits. this has led to a spread of serious skin problems with more and more children being taken for medical treatment. >> translator: it's impossible to stop children using makeup. >> if this edition of "asia insight," we examine the burgeoning fascination that makeup holds for south korean children. a middle school in seoul. at 3:30, students rush out on their way to after-school programs. a short distance from the gates, this trio of girls stops at a vacant lot. what are they up to? lip tints are an item popular with many south korean girls. >> oh ye-jin is 12 year

and south korea. what are north korea's objectives towards south korea? i don't think they have given up yet. maybe they have. i don't know that. but they haven't given up, we've got a really big problem. because that's where the what you call the deterrence effect of the nuclear weapons plays a really big role. and you correctly put that. you didn't know. you said you don't know what they're thinking on that. i think that's what we need to figure out and convince them very quickly that south korea is off the table. otherwise, if you remember back in the 1970s when they had a very large artillery capability against seoul, before we really ramped up to challenge that, they were doing all kinds of mischief in south korea, if you all remember. and they were not getting punished for it. later on in the '80s, we showed that we could punish them for it and they stopped. for the last 25 years, they have not monkeyed around in south korea. i'm very afraid that once they get the nuclear deterrence they don't w

it faced resistance from opposition lawmakers in south korea. they claim the government forced the agreement through without sufficient discussion. >>> a japanese ground self-defense force unit arrived in south sudan on monday. for a peacekeeping mission. the security situation is tense in south sudan's capital of juba. the sdf members have been given expanded duties that allow them for the first time to use weapons to defend people, inincluding aide workersrs. >> i'm happy they are coming and we pray that they y continue giving us the gogood security i south sudan. >> the peacekeeping is something people think has failed. they say the u.n. has not done enough to protect the citizens. >> more than 270 people were killed in july in clashes between forces loyal to the president and anti-government forces. an nhk crew h has claimed that halted and destroyed buildings were seen in manany places. governmentnt troops were on hig alert for possible attacks. the japanese group will build roads and carry out other duties while carefully monitoring the se

and south korea. i'm not advocating a pre-emptive strike, but i will say this, the time, if you're going to do it for a pre-emptive strike, is probably now and within the next year or so. a strike against their nuclear and missile test facilities, so put those out of action and to buy us much greater time before the north could achieve that icbm nuclear warhead capability. the situation which ambassador gallucci describes, i don't believe if it came about would prevent north korea after a u.s. pre-emptive strike from hitting us back with nuclear weapons. because, frankly, i think at a time when we would pick up, perhaps, legitimate perceptions that they were going to strike us with nuclear weapons, when that time comes, the north is going to have multiple delivery systems, both on land and at sea, that no pre-emptive strike would be able to take out. and a pre-emptive strike under those circumstances also means an all-out war. you're going to accomplish nothing by hitting just a couple of command and

south korea's president naming a new prime minister and finance chief as she tries to recover from a political scandal. ,uch needed good news for tata the jaguar brand leading growth in the u.s. market. look at markets of the moment, a lot of jitters out there. malaysia, and singapore coming online, but it is about the polling in the u.s. haidi: that's right. we are getting jitters when it comes to the asian session. have managed to keep our head above water when it comes to the political noise from the u.s. of red see the sea across the region. dollar-yen is driving the session when it comes to tokyo. we saw a steep selloff in the dollar overnight. as ave the stronger yen result weighing on exporters and driving markets lower. take a look at what we're seeing when it comes to oil prices and gold. gold overnight, take a look at this, hitting a little resistance. that is doing quite well. we have seen some gold miners doing very well. take a look at the movers we are seeing. yahoo japan jumping, earnings better than expected. they are saying valuations are rearting to look little more

important for the governments of japan and south korea to follow up on their agreement regarding those referred to as wartime comfort women. the two countries have agreed to settle the issue finally and irreversibly. under the agreement, a south korean foundation is providing financial aid to former comfort women using funds provided by japan. >>> aviation authorities are rushing to analyze black boxes they've retrieved from a plane crash in colombia. the charter jet was carrying 81 people, including members of a brazilian soccer team. there are six survivors. the plane took off from bolivia and went down in a mountainous region of colombia, near the city of medellin. crews have so far recovered 72 bodies from the site and they're working to identify them. authorities suspect the plane had electrical problems. they're analyzing the communication log and other flight data recorded in the black boxes. members of breazil's chapecoens soccer team were on board, on their way to play in the finals on wednesday. this video was posted monday on facebook. among those on board was the team's coa

the average life expectancy in north korea is 70 years. whereas in south korea, it's 80. in north korea, 24 out of every 1000 children die before the age of five, a result of poor medical care and nutrition. in the north, adults weigh just 52.6 kilos on averge. that's 12 kilos less than in the south. hardly anyone in north korea has internet access. the country is virtually shut off from the rest of the world. and yet, despite the odds, some north koreans do manage to escape. >> chanyang ju wanted very simple things -- enough to eat every day, a chance to spend time with her family, a boyfriend. >> my name is chanyang ju. i am 25 years old. >> her incredible story begins here in north korea,a, where she was born and grew up in the midst of a famine. accocording to estimates, 2 million people in the people's republic have died of malnutrition since the 1990s. >> north koreaea followed communist ideology with a planned economy. we had a food distribution system, but it wasn't working. in ordrder to o fill our stomac, r mother andnd father r would gather small grarains anand

toward south korea? i don't think they've given up yet. maybe they have, i don't know that. if they haven't given up, we've got a really big problem, because that's where what you call the deterrence effect of the nuclear weapons plays a really big role, and you correctly put that. you didn't know. you said you don't know what they're thinking on that. i think that's what we need to figure out and convince them very quickly that south korea is against seoul, before we really ramped up to challenge that, they were doing all kinds of mischief in south korea, if you all remember. and they were not getting punished for it. later on in the '80s, we showed that we could punish them for it and they stopped. for the last 25 years, they have not monkeyed around in south korea. i'm very afraid that once they get the nuclear deterrence they don't want to use nuclear weapons. they never will. but i can imagine the south and us being a lot more nervous pricking at them if they have nuclear weapons behind them f. they

. >>> foreign and defense ministry officials from japan and south korea have agreed to share military intelligence. the move comes in the face of a growing threat from north korea. their agreement details the range of information they will share and rules for protecting their intelligence. japanese officials say seoul is eager to strengthen security ties to deal with north korea's nuclear and ballistic missile tests. but some in tokyo worry that the south korean procedures to conclude the pact might not go smoothly. president park geun-hye is now embroiled in a deepening political scandal. four years ago seoul canceled the signing of a similar agreement because of domestic opposition related to japan's war-time past. prosecutors in seoul are seeking to question president park over the political scandal and public outrage against her shows no sign of abating. nhk world has more. >> reporter: 260,000 people took part in the rally in seoul. that's the biggest rally in south korea since its democratization in 1987. >> translator: this is the first time i've participated in a rally in over

an unusual story out of south korea today... police there arrested a man excavator into a prosecutor's office. and if that wasn't werid enough... it happened at the same time a woman at the center of a growing political scandal there was being questioned. prosecutors are examining whether that woman used her close ties to president park geun-hye to pull government strings from the shadows while amassing a fortune. a deadly morning on valley freeways.we're tracking the latest traffic mess along the loop 101... at 35th avenue.. accdient.a live report from there at six... ?? ad lib ?? and we are also getting you ready for a busy tuesday... jimmy has your forecast at six... and it is game six tonight.... can the cubs stay alive..or will cleveland get it's second championship of 2016????tell w dot com - slash - your voice... today.... we are starting a new feature here on 12 today. we want you to get interactive with us each morning.so today.... we are asking you the simple question.... who is going to win game six of the world serie

choi was a daughter of a religious figure who many in south korea say was a cult leader. he died in the '90s. this is the second time they have addressed the scandal. the first time she apologized for causing shock and worry. but that wasn't enough. there have been protests in seoul calling for her to step down. plus she's been taking a beating online. >> so what comes next? do you think things are now under control? >> well, it's a hard question. she says she hopes there won't be a political vacuum. and she called for the unity. we'll have to wait and see if this latest apology has any effect. it depends on how people in the country react to the second policy and her latest political moves. papark named byoung-joon. this move is park trying too deflect the political criticize by showing she's wililling to wk with the opposition. no south korean president has ever stepped down before the end of a term. this is a critical moment for park's presidency and possibly her legacy. >>> the paris agreement on climate change took effect on friday providing a new international frame

countries like philippines, japan, south korea? or is he going to, you know, start the trade war with china? and engage in china in a more negative way rather than positive way. i think that's the challee. and the -- if he is interested in the business relations with china, then he might also would have to think whether he's going to continue this rebalancing policy towards asia. already that some of the obama initiative has been backfiring, for example. the philippine president, duterte, has openly attacked obama and the u.s. policy, and he just turned 180 degrees now to seek help from china. so whether the united states is wise to really play some unfriendly asian countries against china, that kind of t t tact tactic, is wise or not, it could backfire. but the most important thing is that a lot of asian countries do not want to see america believe. countries like singapore, for example. always takes a stance that it want the military political alliance with the united states and economic alliance with china. malaysia is doing the

he visited japan and south korea to interview people linked to abductions by north korea and those who have fled the country. quintana says china holds the key to ensuring progress on the issue. >> china is a very important country in regards to the overall human rights situation in the dprk and i am committed to explore also a relation of cooperation with china. >> north korea's human rights issue along with its nuclear program has been on the agenda at the u.n. security council. but the global body has been unable to make a unified response because of strong protests from north korea's delegation. china holds much influence over the leadership in pyongyang, but is seen as being passive in the talks. >>> support for south korea's president continues to drop as she faces the growing possibility she will be suspended from her role. some members of park geun-hye's own party are poised to vote in favor of a motion to impeach her. the push has gained momentum as park has been unable to shake allegations in an influence peddling scandal. lawmakers from park's party met on friday. executives

anchor: south korea's parliament passed a law to allow a special theecutor to investigate president, accused of allowing a close friend to manipulate state affairs and she is under stiff pressure to resign. it's the sound may mark the end of park geun-hye's presidential career. south korea's opposition control of parliament overwhelmingly approved a bill to prove the countries -- the president's involvement in the country's biggest corruption scandal in decades. the lawmakers also voted for a no holds barred independent investigation into the matter which centers on the president's friendship with the daughter of a leader. arrested earlier this month for abuse of power and fraud. the 60-year-old is accused of using her ties to the president to coerce --out of millions of dollars for her own personal gain. she's also suspected of interfering with government decisions on policy and staff. didlevised apology by park little to win over the public. instead, hundreds of thousands of koreans rallied in seoul to demand her resignation. the president's term ends in february 2018. unless she r

she's apologized and denied the charges against her. >> one problem with corruption in south korea is that it does have its roots in the very same reasons why it's such an economic miracle, that is the cooperation which is also collusion between the government and big business. >> not including park there have been six presidents since south korea officially became a democracy in 1987. every single one of them has been linked to corruption. either directly or through immediate family. two spent time behind bars, one committed suicide in the middle of an investigation into corruption. >> politics and the business groups linked and the created the holdings, corruption and also shaken the entire country from the fundamentals so we are very ashamed and very much worried about. >> park's father ruled south korea with an iron fist in the 60s and 70s some saw him as an economic savior. residents who once supported the daughter now fear they have voted in a ghost of the father. >> this protester tells me this sort of thing happened with her father 40 years ago but times have changed. the publ

korea. horror proposed, to the of many people here in japan, that he might be quite comfortable with the idea of japan and south korea developing their own nuclear deterrence. will want to hear is a reassurance that the u.s. remains committed to the security not just of japan, but the asia-pacific region in general. given chineset military base building in the south china sea, and north ofea's continued defiance international sanctions as it continues to develop a working nuclear deterrent and ballistic missile project. that meeting with the japanese prime minister comes as donald trump and his team are still trying to pull together the new cabinet. the transition team includes trump's three adult children and his son-in-law, jared kushner. that 35-year-old businessman is often thought to have the final word in advising the president-elect despite his lack of political experience. brian quinn has the details. >> throughout donald trump's presidential campaign, his family was by his eye. ofte

south korea government shakeup over a peddling scandal. the president fired her premier and finance minister. neither was directly linked to the investigation, but she appears to be trying to shore up support. some conclusions about the final moments of the missing malaysia airlines flight. australia says the boeing 777 may have fallen 25,000 feet a minute at the end. investigators say the airplane was in configure to lan whend it hit the water two years ago. that speculates that someone was at the controls until the end. electing donald trump president would he a mistake. advisers says top -- global news 24-hours a day powered by journalists and analysts in 120 countries, i am taylor riggs. tom: jobs data out of the election, futures, negative six. we are lessyield, rowdy in the bond market than yesterday. euro strength, dollar weakness, improved and continues. the next screen, the vix was the headline yesterday, 19.1. mexico, we'll show you that chart. 19.28. rent under 48 -- brent under 48. francine: global equities selling off. that wa

we fundamentally have to look at north and south korea. where north korea said it destroys south korea? i don't think they've been up yet. maybe they have. i don't know that. they haven't given up. we've got a really big problem. that is where what you call the deterrence of facts of the nuclear weapons place and you corruptly put out. you said you don't know what they're thinking. i think that is what we need to figure out and convince them very quickly that south korea is off the table. otherwise if you remember back in the 1970s when they had a very large artillery capability against seoul, before we ramped up to challenge that, they were doing all kinds of missions and south korea if you all remember and they were not getting punished for it. later on in the 80s we showed that we could punish them for it and they stopped. for the last 25 years they have not bought it around. i'm very afraid that once they get the nuclear deterrence, they don't want to use nuclear weapons. they never will. i can imagine the south and us being a lot more

we defend south korea. we defend saudi arabia. they do not pay us what they should be paying us because we are providing tremendous service and we're losing a fortune. >> reporter: president barack obama met with trump after the election. he says trump expressed great interest in keeping the country's core strategic relationships. observers say trump is taking a more pragmatic stance now that the election is over. but they say many of his security policies are still unclear. >>> a lawyer for a boy who was bullied after fleeing the 2011 fukushima nuclear disaster has spoken out. he released a note his young client wrote while attending an elementary school south of tokyo. it contained a threat to commit suicide. >> reporter: the boy writes about how hurt he felt when his classmates added the word germ to his name. he says he knew they were talking about radiation even though there was nothing wrong about his health. the boy writes he thought about killing himself but he decided to keep on living despite the pain he felt. he kept in

troops in south korea. if there is an alarm, even a false one, trump would have only a few minutes to decide whether to launch nuclear weapons or hold back. pete metzger is a former marine who carried the nuclear football for president reagan. >> the results of a decision the president would make is so grossly horrible it would change the face of the earth, of humanity and man kind. >> reporter: if he decides to launch the nuclear strike, is there anyone on the chain of command who can stop the order? the white house will not comment but pete metzger and others tell us, unless there is a full-on mutiny, no one can stop the president's order. >> thanks very much. we have our experts standing by to discuss. joined by our chief national security correspondent jim sciutto and elise labott and ivan watson. stay with us for a moment. we are getting new information. we'll take a quick break and we'll be right back. ♪ just look at those two. happy. in love. and saving so much money on their car insurance by switc

south korea's president may be close to impeachment. havetion of lawmakers sided with the opposition and say it is time for her to step down. this comes after prosecutors say she did play a role in and influence peddling scandal. cyber

rishaad: my next question about south korea. you have this mapping controversy. and aree you with it you still talking with the government to resolve it? we engage with all governments around the world to ensure that they understand the benefits that our products provide to people, and mapping is an incredibly powerful product. providing people with greater access to information, helping other companies that use the mapping services to make sure they can deliver their services to users. we have very open dialogues with governments about our products to not only improve the lives of people in their countries, but also improve businesses within their country and that a global level. ishink what you will see many more asian businesses will become global businesses thanks to some of the products we have, building on map products or even building on top of our cloud infrastructure. rishaad: great talking to you. pac, the opening of the asia-pacific headquarters in singapore. may facead, shinzo abe headwinds, but what is next for abenomics? we will hear from the former

and what we have found is that our alliance with south korea superseeds any individual presidency, it superseeds any individual party because we've seen presidents in both parties seek to strengthen that alliance. so that would be if you're looking for a reason to be hopeful about the future of the u.s.-south korea alliance, that's what you would draw from is the long history in this country of presidents in both parties seeking to enforce that. is that something president elect trump will do? i don't know. we'll all find out. >> so the president ought to be saying, i hope. not i assure. >> the president would say there's a long tradition, there is reason to be optimistic because we've seen presidents in both parties pursue a strong alliance with south korea. that's just the first example that popped into my head. i'm not singling that out for a particular reason. are leaders going to say mr. trump appears to be different than recent presidents? they wouldn't be wrong about that. so the president can offer some measure of reassurance but ultimately the american people have chosen to g

scarlet: south korea's shadow president has been jailed. ♪ scarlet: the influence scandal rocking south korea. at the center of the case is her good friend, choi soon-sil, placed on emergency arrest, investigated for allegedly influencing the president's political decisions, gaining access to classified information, and securing preferential treatment for her daughter at an elite university. what does this mean for the president? will she need to resign, will she be impeached? we have gotten so far as the , butng of choi soon-sil what is next for president park? >> there are lots of different scenarios people are talking about. i think it is quite unlikely that she will be impeached, not only is that a difficult process to pull off, but a lot of the opposition, the liberal parties are not talking about that is a good option. there is a way that possibility she will be forced to step down. there are people in the streets, more protesting planned. pressure is definitely building on her to do something. but this is a person that has the personality, has always been stubborn and strong in t

take that into consideration when you look at the percentage changes. >>> and south korea's president, park guen-hye, has asked parliament for a way to come up with her to relinquish her power and shorten her tomorrow amid the country's deepening political crisis. chery kang has more. we could be looking at political changes to come. >> not just yet. basically what she did today with her speech was tossing the ball to the national assembly, asking the national assembly, the lawmakers in south korea to tell her when and how, and she is willing to resign, but, yes, she did say this is to minimize the political confusion and vacuum. basically she's asking them to decide her fate for her. she said "i let go of everything now." but she didn't exactly -- she didn't seem to do that, because while the speech, the rational behind the speech could be many, she may want to step down in a more honorable way rather than be impeached, and she's holding on to that immunity she's given when facing prosecution questioning. that's why political parties are divided in their reaction over the speech. opp

i think he has said that north korea has nuclear weapons shouldn't we feel more comfortable with south korea and japan having nuclear weapons. he seems to be open to that possibility. >> that was glenn senior fellow at the center for american progress. >>> and on financial markets we saw a big rebound from the plunge that followed the u.s. election outcome. we go to jean for the outcome on that and uth business news. >> investors have had some time to let it sito sink in. posted the biggest one-day gain for 2016. the details from the tokyo stock exchange. >> another dramatic day but this time things went the other way. investors are turning their focus to trump's platform including his plan for infrastructure spending and tax sxuts a cuts and deregulation. nikkei closing at 17,344 and the broader topix rose 1,376. the biggest point gain for the year for the nikkei. even more impressive, it came one day after the worse sell-off since the june brexit vote. the dollar has swung back to its highest level since july saying at the 105 level during tokyo trading. the best performers were insu

will the allies like japan and south korea move closer to their bigger neighbor, china? will china welcomed them and get nationalistic if they are being poked and prodded by a nationalistic president in the white house? there are so many angles to look like. we don't know what kind of president donald trump will be. there is rhetoric that anticipates when they go into reality of the white house, but we do not know. he is different. different sorts of new scenarios being presented. we will have to wait and see. a lot can happen between now and when -- stephen: only time will tell. haidi: we would get some certainty. and at the top of the line is china-u.s. relations but also relations with japan when it comes to u.s. foreign-policy and trade policy. we heard from japan's finance minister in parliament, he highlights importance of relations with china and the japan economy. the abenomics, they could face further [indiscernible] from the potential of a trump presidency. we have a lot of headwinds to abenomics. >> tpp is one of the most obvious ones. donald trump wants to re

this is another big story ahead of south korea, as well. what did samsung announce? >> indeed, it is another big story. a little overshadowed by the political developments, but it's a big deal, because samsung is south korea's biggest company. it essentially announced a plan to step up its share, its cast returns to shareholders. pressure fromder activist investors to do a few things. the problem is that they didn't give everything they wanted. step up its, a, cash buybacks and dividends to about 50% of free cash flow. 10t will amount to about trillion won. one going to look at adding outside director, and do a six month review of its corporate structure. that's essentially the news that came out today. reed, how does this compare with what the management asked for? >> yes, well, you can't always get what you want. they wanted three directors on the board; samsung said it would appoint at least one outside, independent director. he had called for about 30 trillion won worth of cash returns -- instead samsung has committed to about a third of that. and of coarse they

you are also seeing bonds rise in south korea. the yield on the 10 year note down. been quite an extraordinary turnaround in the last half in terms of korean equities which had been tracking pretty flat for most of the session. elsewhere, you are seeing weakness coming through in hong kong. the nikkei closed lower, down by 0.2 verifying -- 025%. -- 0.25%. juliette saly in hong kong. and details on the south korean story and much more. oil is a big story. the foundations for in opec output deal are looking increasingly shaky with officials said to still be divided on production cuts. talks are being held before the meeting in vienna. so far, they have failed to bridge their differences. talk to you.ood to hours of talks. 10 hours of technical talks. are they in the -- are they any closer to an agreement? >> not closer to an agreement. 10 hours that yielded nothing concrete. game is thes poker best way to describe it with everyone keeping their cards close to their chest. it comes down to we are seeing iraq and iran increasingly not wanting to budge. putting them in o

. >>> up next more than one million protesters take to the streets of south korea. we'll tell you why. >> fox 32 in chicago where police say at least 68 people were shot during the thanksgiving weekends. eight people died. last year eight people were killed and 20 wounded during the same four day hoold weekend. chicago's murder tally now stands at 685 this year, according to the chicago tribune. west dakota fox and bismarck as north dakota's governor signs an emergency evacuation order forcing propertiers to leave that area. the government says harsh winter continues notified tribal leaders that all federal lands will be closed to public access december 5th for safety concerns. >>> and this is live look at san francisco from our affiliate fox 2. one of the big stories there tonight police swarm a hotel in search of two inmates who escaped from jail last week. the men were not found there. federal law enforcement personnel had joined local he agencies in the search for the two fugitives. that's tonight's live look outside the beltway from special report, we'll be >>>

scandal in south korea. president hart says she is willing to step down over corruption allegations as a controversy rattles asia's fourth-largest economy. renzi risk. the office of the italian prime minister denies he is resignationa

allies like japan and south korea. guest: the trump election has sparked a way of selling on the bond markets. a bond is basically an iou issued by the government. lawns quickly lost 1.3 trillion dollars in value last week and the trend is continuing this week. this is generally a sign that investors are losing confidence in the idea of governance as their safe haven for money. let's look at how the markets are faring on wall street. after trading higher, the u.s. stocks gave back some of their gains as investors were evaluating the prospect of a trump presidency. dow jones was slightly offensive 500 just above the flat line. the main european indices closed in positive territory. freshthe result of a round of losses on the bond market. the new zealand government is saying the cost to rebuild after the earthquake will run to the to raid anddollars rail. not to mention hundreds of building and the ongoing structure. government officials and economists agree that new zealand's strong balance sheet means it will have litt

today, south korea, if you count the nations that rebuild it, south korea holds the record of nations that holds sustained independence but rebuilds it after the war. the korean people every year do a display of flags. they say thank you for what has been done. one of the things that needs to be noted is korean people could have chosen and the south koreans could have knuckled under. instead they chose to fight. they committed themselves to the defense of korea. for reasons we will see, the commitment remains intact to this day. we set up the korean war. let's talk about the korean war, 1950 to 1953. the 38th parallel runs right here. for those in the united states, charlottesville, virginia is just north of the 38th parallel. this is to give you an idea of how it fits in geographically on a map of the united states. here's the south korean capital of seoul. china is here. japan is barely on the map right here. they attack southward and very quickly push the south koreans. in the area here 100 miles long. they control 85% of the peninsula, just six weeks after the war starts. in one o

and the south korea president is a staunch u.s. ally and promised to house american missile technology. we have 30000 u.s. service members stationed there. joining me is the author of nuclear show down north korea takes on the world. and the news today is the u.n. the u.s. wanted to get it through with the support of china, you have questions, why is that? >> the rules as good as they are mean nothing if china doesn't enforce them. we don't call them out. it is up to us. we have not held china accountable. and this president and the one before him failed the american people. >> a republican and democrat president. what about president-elect trump. how does he hold china accountable. >> this is going to it be fascinating. people are saying, don't enknow gauge in a trade war and we need their cooperation on north korea. i think that is the wrong thing to do. that's what we have done since 2003 and when the bush administration looked to china to solve it for us. and that made themselves a role threat. we have not imposed costs on chin

you can see the live pictures addressing south korea over the scandal. the south korean president has not beenegy enough to address public anger. how she got into this mess. >> allegations swirling around relationship with her friend who the allegations had opened fluence through their relationship. she was allowed to interfere into government affairs and one of the eight passed on confidential information. she was arrested on suspicion of fraud over the allegations that to pressure south korean corporations that she runs. it has been expanded to look at her and her eight and executives and relationships with biggest corporate name. we're looking at samsung and other. questions in relation to this investigation and the of the merger. too, the donations foundations allegedly controlled by them. >> we are hearing from the president who has been saying 18 years the public has been pressed. she is in the middle of the five-year term until february 2018. she has dealt with personal interest in and says she will address the scandal. whatre getting the gist of

ties to a political scandal in south korea. officials are investigating connections to a case involving president park and her close friend and unofficial advisor choi soon-sil. choi is accused of havingi used her relationship with president park to accumulate donations for her foundation. samsung is allegedly one of c-v-s took a major hit as shares plunged. the downfall comes after executives released the profit forecast for 2016 which was significantly lower than expected. the forecast warns the company it may end up losing tens of millions of dollars in prescriptions. c-v-s blames this on restrictive prescription networks which only allow patients to get prescriptions filled at certain pharmacys. and it blames the department of defense and the v-a from pulling it's accounts at the pharmacy. mainly sunny skies continue along with abnormally warm conditions and light winds switching directions throughout the day. high pressure hold to the southwest and will allow temperatures to hold between 6 and 10 degrees above normal for t

politicals says the scandal in south korea will ultimately be good for markets. that the corruption probe involving the president is frank calls for reform and will make the country a more attractive place to invest. fund hashe asian stock outperformed its peers. has purchased dick clark productions for $1 billion. it marks their entry into the tv industry. it is the latest addition to billionaire wang jianlin's growing empire. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: thanks. right, five days to go before that u.s. presidential election. the latest polls show hillary clinton has a slim lead. both candidates have expressed opposition to the tpp deal. is the deal really dead? colleague haidi lun and is standing by with the country's finance minister. how are they positioning themselves on this? the general mood is still optimism going into next week's vote, but australia has a lot of in in the game when it comes to tpp. australia's finance minister. been talking about the t

now a judge has ruled that crapser has to go back to south korea. >> i thought i was a citizen. i have little kids that depend on me. melinda: crapser could be deported any day now. ben: new this morning, a group the holiday season the here and you are going to feel it in the wallet. the national retail federation says an estimated $655.8 billion will be spent on retail shopping in the coming months including presents, meals, and travel. experts say, you should take steps to prevent going into debt from it all especially if you already have loans. >> for example, we're hearing from retailers that the average spending level may be well over $900 this year per person. so if that's true, cut that in half and use that additional funding to actually give a gift melinda: experts say in 2016, the average graduate has more than $37,000 in student loan debt. that's up six percent from last year which is why they say to cut back where you can on holiday spending. >> that number probably goes up with grad school, law school. >> yes, any post graduate education. that is tough to start out t

time now is 4:40 and south korea could soon be looking for a new president. >> and he was trained to protect and to serve but one kentucky beyond for one desperate motorist. >> well the electoral college is on the right. >>> it is just about a quarter to 5:00 as we take a look outside a chilly morning. laura thomas will have your most accurate forecast coming up in just a >>> we're watching a developing story out of south korea. the country's president says she will resign if parliament comes up with a way to transfer power. hundreds of thousands of people calling for resignation. interesting stuff danielle. >> well many of our viewers were back in their homes. it's now 90% contained. so it quickly grew. after that fire was first reported last night. so far no word on how that fire started. >>> california has traditionally been tough on climate change. cattle and other farm animals a major sources of methane. a new law requires our. dairyar regulations will drive up costs and will force some out of that state. >>> okay. a kentucky police officer certainly delivering on her oath. alic