the u.s. and iran, and the u.s. and its european allies. trump threatened other countries seeking to trade with iran, tweeting -- "anyone doing business with iran will not be doing business with the united states." iranian president hassan rouhani has condemned the sanctions as psychological warfare, saying last weeeek he would not begin negotiations until the sanctions are withdrawn. the first step would be for u.s. president donald trump to show he generally was to engage in negotiations to solve the problem. what is the meaning of negotiations when you impose sanctions at the same time? it is like someone pulling a knife to stab a rifle -- rival or enemy and arm while at the same time claim we should be talking and negotiating. the answer in such a case would be to say to remove the knife from the arm and put the knife away. amy: just last month, president trump said he would meet with iranian president hassan rouhani whenever rouhani wants, without preconditions. this is trump speaking at

broad u.s. dollar, which has been getting a lot of its variance -- variability, the what is going on with yuan. we see a breaking out on the dollar index right now. they will struggle to find buyers in this environment. if you're looking for a contrarian trade, it is probably one of the better ones out there. we are still of the camp that the u.s. dollar will appreciate on a gradual basis at this time. yvonne: we appreciate your time. joining us from melbourne. coming up next, the bellwether for the industry gets rocked by a crippling virus area -- crippling virus. a hit to its production line could affect shipments with largest customer, apple. this is bloomberg. ♪ ramy: welcome back. this is "daybreak: asia." chipmakeriwanese racing to recover from a crippling computer virus. the company is one of apple's largest suppliers and says the virus affected 80% of its tools on friday. it may affect their top and bottom line. is a technology editor joining us from tokyo plaza with a little more on t

the u.s. is waging war on the economy and undermining the lira. ramy: the currency suffered its worst week since 2001, but now they are limiting swap transactions. haidi: criminal charges released at the inquiry to australia's finance ministry. ramy: the saudi's sovereign wealth fund may raise its investment and there is a lawsuit. haidi: hello from sydney where it is passed and :00 a.m. -- it is passed 8:00 a.m. ramy: it is past 6:00 in new york on a sunday. i am ramy inocencio. looking at where things are heading, take your pick between the u.s. and china, u.s. and russia or u.s. and turkey. there is a lot of rushing about with sanctions and tariffs. we are seeing the knock on in the currencies. let's show you what is happening first with the dollars. you can see it's sliding. the euro is heading the other way, down a quarter of a percent , and we can see the biggest movement happening with the turkish lira, now retracing some losses, 5.6%. we had above the seven handle, 7.2. after the headl

taylor: does the u.s. game whether canada mrs. -- gain whether canada misses the deadline and we go it alone with mexico? does the u.s. come out ahead either way? >> business groups and lobby groups and members of congress said they want to give nafta a trilateral deal and if the u.s. moves ahead with mexico and canada is left in the dust, they will be questioned from businesses about where does this leave their supply chain across the entire north american region. and what happens with the relationship -- trading relationships with certain .tates, canada and particular they will be a lot of questions and not a lot of answers immediately. there will be concerned about canada joining the deal and keeping this trilateral. romaine: bloomberg had out a report that about how justin trudeau is starting to see some pressure by his party. what is the potential political fallout in canada if a deal is not agreed to soon? >> the u.s.-canada trading relationship is huge. there is an election coming up in canada next

to u.s. nationals in vietnam have been sentenced to fourteen years in prison over an attempted case they were among twelve people sentenced all of the members of the professional national governments of it now which was declared a terrorist organization by the country's authorities back in january the war in vietnam and is more than four decades ago but apparently for some the struggle goes on. the vietnam war one of the world's bloodiest conflicts and the american defeat ideologically opposed plugs into decades of fighting came at a cost of fifty six thousand u.s. troops who were in a bit to overthrow the communist regime of north vietnam but the casualties among civilians were much greater at least two million people died in the wool. after hopes of tightening democratic grip across the vietnamese state slipped away and up to one hundred forty one billion dollars was spent on military operations the us folded who had been exhausting rule at home and abroad. in one thousand nine hundred seve

the u.s. and mexico, that breakthrough deal. with that said, the peso fell because they are lacking some clarity, and also some questions on whether it could get through congress. meantime, canada is said to be encouraged. what does that mean for china? donald trump saying it is not the right time yet to talk with beijing. a a lot of stuff going on, but at least one breakthrough. haidi: it is really interesting. you have to wonder what kind of a rally we could potentially see in u.s. stocks, if there was a sign of a breakthrough when it came to trade tensions with china, given the exuberant rally we saw in response to this, look s like nafta but isn't. [laughter] as we wait and see whether canada can we get back in as well. ramy: a reminder of how u.s. stocks ended, but meantime, a couple lines just crossing the terminal. the foreign minister says she's returning tomorrow to continue trade talks. u.s.id just head to the trade representative's office in d.c., saying it was a constructive meetin

the u.s. then advise worser and to a certain degree there is some truth to that about seventy five percent of all experts from canada go south the border meaning to the united states of the trade balance between the two countries is almost even but as canada there is a far smaller economy they do depend more on the us and then the other way around if that will actually lead to an agreement as we've seen it was mexico on monday remains to be seen. talking trade unions the u.s. trade balance numbers are out and i don't think they like he's made the president specially happy all they. know donald trump won't be happy when he sees the figures or on the other side he might find another argument for his tougher trade negotiations the trade balance actually increased the deficit increased by a good six percent and reached the highest level since february but to a certain degree there is a good reason why america why the u.s. is importing much more than their export it because the u.s. economy is real

now it's up to canada as the u.s. and mexico agree to revised trade arrangements the other partner in the trade pact formerly known as nafta remains tight lipped about whether it will now. also coming up plastic bags a terrible for the environment and now kenya has taken the world's toughest stance against them but up to four years prison time for using one. this is your business update on how to have free glad you could join me the u.s. says is still hopes to find common ground on trade with canada after reaching an initial agreement with mexico on to a new look now after the u.s. president is pressing canada to accept new terms for the way car imports attacks if not the president says he'd happily leave also out but that comes at a cost mutual trade between the three nations totals more than a trillion dollars annually canadian prime minister justin trudeau said he would only sign a revamped north american free trade agreement that is good for his country. he pledged to defend canada's dairy farmers and said progres

. >> the u.s. is enjoying exceptionally strong growth. >> it's part of the divergence, one of the themes for markets in the global economy. >> the u.s. is delivering twice the earnings growth of the rest of the world. >> for now, but the delinkage is entrenched. >> if companies keep delivering, it is hard to make the argument against equity. >> the u.s. is continuing to break out in fundamental and technical basis. >> these companies are executing, and if the prices were going up for no other reason than the story sounds sexy, that would be a different matter. >> when you look at the u.s. economy and what the trump administration has done in terms of providing fiscal stimulus, it is going to continue. >> the u.s. has a policy led growth spirit, whereas the rest of the world, it has been a combination of hawkish. >> i think the pace is more than sufficient. jonathan: joining me around the table are my guests. can this continue? >> i am not sure. if you look at the treasury market in general, with th

the u.s. sanctions contradict any intention to negotiate how can we be honest about wanting to negotiate if you are putting sanctions against children and sick people. in terms of practical steps that the iranian government intends to take to combat ongoing american economic pressure dealing with china and russia as trade partners as economic allies as one thing he also applauded the european union for issuing blocking regulations to help resist the pressure of ongoing american sanctions against iran he thanked people for their ongoing patience with regards to their financial hardship and he said that things were going to get better but effectively asked frustrated iranian people many of whom who have been taking to the streets in protest for a little more time to help course correct the country's economy. joining us is fired the a professor of world studies at the university of tehran good to have you with us how do you think iran will respond to these u.s. sanctions. i think if you don't use

the u.s. loses control of the capability. the u.s. loses the opportunity to train, influence, and maintain a military relationship with foreign forces, who now are introducing into their inventory a chinese, korean, israeli, etc. capability. and finally, with the introduction of a chinese or russian this dumb into the military inventory of that friend or ally, we now have a far more complicated future of arms transfer decision process aat is now compounded by prior u.s. denial, and in some cases, we complicate the potential for expanded diplomatic relations. i mean here.n what let's take india as an example. i have worked very closely with india in many years for dr. carter. years ago, we denied asa radar for the fighter and the french clinched the deal. i like the french, don't get me wrong, but i like american industry better. now, several years later, and i worked at this initiative with dr. carter -- we are johnny-come-lately to the effort. for additional aircraft capability in india, and now we are all in. allieslies -- we write

u.s. and turkey after the u.s. recently imposed sanctions. the sanctions were put in place after turkey detained an american pastor. this is hosted by the washington institute for near east policy. it's one hour 30 minutes. >> good afternoon but i wanted to welcome you this afternoon to the policy form. i am a senior fellow here at the research program and i see a lot of familiar faces around the room. we are here to join this discussion, the panel on u.s. circulations and the war of mutual sanctions. this event is on the record, it will be on social media and we have c-span live streaming the event. it's also on live stream of our website and i want to welcome everyone who is joining us online to this afternoon's important conversation on what lies ahead for the u.s. turkey relationship. we put together a great panel for you. with change their seething order. i will go from my immediate left, steven cook and senior fellow for the institute alumni and the expert on arab in turkey politics.

the u.s. should. facebook could have closer ties to washington than previously thought because it's now emerged that the platform is relying on experts funded by branches of the u.s. government and also nato when it comes to tracking foreign influence with more his . how's that for a mark zuckerberg nightmare he or his steam in front of a horde of suits go and sort these russian bots out sort out the fakes sort them out or did i just paint a good picture of the reality web giants of been facing lately in the past election you. we've seen how foreign actors are abusing social media platforms those images that can be attributed or associated with the russian company lack of resources a lack of commitment and a lack of genuine effort the likes of zogby could have proudly said we're just a platform where independent and sorting out what you call fakes is none of our business but when wall street alarm bells are ringing you know how it can happen with the stocks it could be better to zip it and focus on an

u.s. interest rates. as i should before, that's an impetus, almost paying the market to buy the u.s. dollar. as long as interest rates are that low i will see pressure for it to depreciate. enda: what does the move for the yuan mean for the currency in terms of a trade war? are they not willing to use the yuan as a weapon in a trade war, or is it just temporary? we had d.c. talks not go anywhere thursday. then on friday morning chinese authorities to move. i will leave that to your judgment. factor? is still a cliff: from what we have heard and to the point of a trade talk , if we look at what some numbers of the republican caucus have said lately, on bloomberg, i think, it sounds like with the trump administration wants is to get some kind of a deal with canada, with mexico, and then turned their furnace -- full attention to china and the china threat. i don't think this trade war subject is going to go away soon, even though i hope that maybe we could see some advances through the washin

the u.s. state department says iran's case against it at the international court of justice is an attempt to fear with to interfere with u.s. sovereign rights iranian government lawyers are appealing to the un's top court to hold three new american sanctions iran argues the u.s. violated a treaty signed in one thousand nine hundred fifty five which emphasizes friendly relations the us government to reimpose sanctions three weeks ago after withdrawing from the iran nuclear deal last lee has been following those proceedings for us to declare on the hague in the netherlands. the iranian side spends its three hours of court time here on monday trying to do two things in front of the judges first of all to explain how very damaging the american sanctions were everything from issues to do with renewable energy projects aircraft parts car manufacturers who now couldn't invest in iran. sports going down the debasing of the iranian economy all of these things a direct result of the american sanctions p

for the u.s. administration of the trump administration and whether it's intentional or not it has adopted the routine strategy. there's no follow-up in terms of what comes after. there's one thing to say that it's up to iranians to determine their future. i think the u.s. is very invested in the outcome because it is strangulated in iran's economy. if iranians rise up and come into the streets by the millio millions, i think it will be key what the u.s. will do and what kind of signals it sends in what policies as well. it's one thing to sanction and they have done that very well. it's another to support opposition groups or decide very solidly whether washington is going to engage in the regime, force another deal which i don't think is a possibility, or whether once and for all they will figure out what to do with the post regime iran and in tandem with the iranian people. >> i would like to thank c-span for being here today. they're covering the event. what's interesting about what i have hear

u.s. circulations and the war of mutual sanctions. this event is on the record, it will be on social media and we have c-span live streaming the event. it's also on live stream of our website and i want to welcome everyone who is joining us online to this afternoon's important conversation on what lies ahead for the u.s. turkey relationship. we put together a great panel for you. with change their seething order. i will go from my immediate left, steven cook and senior fellow for the institute alumni and the expert on arab in turkey politics. the struggle from egypt, the book award gold metal and 2012. >> not my recent book, but thank you for mentioning it. >> amanda is next, good friend robert is a senior fellow in the center for united states and europe and her areas of expertise are turkey and southern europe, she has served for nearly ten years and u.s. government, she was previously deputy assistant secretary with cyprus, greece and turkey. max is an associate director of national sec

if you take u.s. nominal gdp growth at 5% now, roughly speaking, there is a correlation between nominal gdp growth and the 10 year bond yield. relative to that 5% nominal gdp growth, bond yields are too low. before the financial crisis, the fed was talking about the conundrum. it was raising the short end, but the long and was staying too low. that seems to be happening again. i do not think we will get to 5%, although i do think it would be good if we start to head to their. anna: thank you. when you are traveling to work, remember you can tune in to bloomberg radio. you will find it on your mobile device. not that anybody ever turns off the tv. standoff.t is a saudi the kingdom suspends ties with canada over criticism of an arrest of a women's rights activist. the very latest with our executive editor. we saw some moves against germany earlier. arabia, theof saudi standoff with canada begins. politics first on bloomberg, right here from dubai and london. ♪ manus: 6:30 a.m. in london. 2:30 in tokyo

the u.s. decoupling from the rest of the world. >> the u.s. right now is enjoying exceptionally strong growth. >> it is part of the divergence be one of the major themes for markets and the global economy. >> u.s. is delivering twice the earnings growth of the rest of the world. the d linkage persists. >> it is hard to make the argument against equity. is continuing to break out relative to the rest of the world. -- the pricesnies are blowing up for no other reason other than the fact that the story sounds sexy. that would be a totally different matter. economy,ou look at the in terms of providing all this fiscal stimulus that is going to continue. >> the u.s. is a policy led growth spurt. the rest of the world, it has been a combination of ad hoc issues. >> it has longer to go. the pace is more than sufficient. >> joining me is kevin. head of fixed income. head of u.s. race strategy. and coming to us from edinburgh. aberdeen standard investment. let's begin with you. can this continue? >> i'm not sure. i think that if you look at the treasury

the u.s. secretary of state mike pompei was formed a special group that will coordinate washington's policy on iran that says it continues to pressure the country with sanctions the head of the iran action group will be brian hook the state department's director of policy planning he says the u.s. is prepared to sanction any country trading with around in our sanctions regime yes we will we are prepared to impose secondary sanctions on regimes i'm sorry on on other governments. the continue the sort of trade with iran or those sanctions will come into effect on november fifth those will include sanctions on iran's energy sector transactions by foreign financial institutions with the central bank of iran iran's shipping and ship building sectors among others. the first rounds of new and here on sanctions were enacted earlier this month after president trump announced u.s. withdrawal from the iran nuclear deal the sanctions prohibits iran from using the us dollar and mistreats trading in preciou

the u.s. plan when it comes to iran hurt the economy hurt the people forced the government to agree to change much of its foreign policy the policy is not regime change but we definitely want to put maximum pressure on the government and it's not just to come back to discuss fixing a deal that's basically not fixable dealing with the nuclear weapons aspect we want to see a much broader retreat by iran from their support for international terrorism their belligerent military activity in the middle east and their ballistic missile nuclear related programs all things around is unlikely to agree to still the partners in the nuclear deal are urging dialogue we really just encourage and united states to start talking to its partners in iran in order to be able to find a route forward the european union is trying to protect its companies taking the unusual step of issuing a blocking statement that says european companies should ignore u.s. sanctions but still car companies drug manufacturers and many

the u.s. dollar, that is after fall off on the turkish lira. the rumor -- the russian ruble and the mexican peso are affected as well. talks about significant investment in tesla. the public investment fund has built up its stake to almost 5%. it is how you can be involved in taking the credit. the public investment fund did not respond to a request for comment. softbank, which has been touted as a source of capital for tesla, is not planning to participate in such a deal. the japanese conglomerate, which held talks last year about a possible investment, is not interested in revisiting such a plan. haltchina may temporarily produces of u.s. lng through the winter to avoid potential tariffs amid the trade conflict with america. bloomberg understands, under the plan, the company would boost cargo from other countries or swap your shipments with other nations in asia to avoid tariffs. u.s. president donald trump is "truly a racist and a con when it comes to diversity." that is from amoroso newman

inspector from the u.s. state department both have the same goal to make sure there's never another diesel scandal at folks wagon but in the first interim report of the so-called v.w. monitor there continues to be deficits for example not reporting new emissions tests to the u.s. authorities transparency to which v.w. is committed itself according to the auditors commentary we're not there yet but we're in a i think a very rigorous and professional review process and. at the end of at the end of the order term and at the end of the monitor ship term we will have more to say about that according to thompson it's still too early for more evaluations the three year oversight process is only in its first year for a long time none of you w.'s employees were fired in the diesel scandal but vokes wagon is now taking the americans criticism seriously in the hope of soon fulfilling the conditions of the settlement with the u.s. justice system that's been done and then in the remaining eighty percent of the time we ha

the u.s. consumer relative to companies. that is a leading indicator. at to major averages we are looking for small gains -- looking at small gains. of all times highs for the s&p 500 and the nasdaq. investors continue to be enthusiastic. the trade deal between the u.s. and mexico yesterday. we have some retail movers. let's take a look at tiffany, up 2.7%. they put up a strong quarter, same-store sales up against the estimate. those shares being rewarded, best buy down 6.8%. their third-quarter earnings missed the mark, investors not liking that. take a look at dsw, up 40%. -- some of that might have to do with a 12% their shortage. coming in up 9.7% versus the estimate of up to percent. they raise the full-year view. lots of strength coming from the women's shoe line. let's take a look at the shares of out of it. this is a 2 -- alphabet. look at the drop we have today, down half a percent. this does come as president trump is accusing google of rigging search results only display negative st

the u.s. dollar. ripple effects from the turkey -- turkish economic crisis are being felt across the globe in part because turkey relied heavily on foreign lending especially from european banks. the crisis is coming as tension is escalating between washington and ankara. last week president trump raisid new tatariffs on turkish metal exports.s. the u.s. is also pressuring turkey to release an american missionary named andrew brunson who was one of thousands of people in turkey detained after a failed coup in 2016. in yemen, thousands of mourners gathered in the city of saada monday for funerals of the 51 people, including 40 children,n, who were killed in an n air stre on a schchool bus lastst week. the airstrike was rrrried ouby e u.s.-bked saudled alition. imag posted line sugst a u.s. built mark-82 bomb was usus in theirirstrike. mourners decried the attack on school children. >> the crimes that were committed by the coalition against children were unprecedented crimes that have never happ

overall for us, the u.s. dollar remains the key funder and we have to remember that for all parts of the globe but certainly did she she she we have seen on the -- depreciation we have seen on the chinese currency the last month has caused a lot of issues in terms of the outlook for the dollar in the near term. what happens on dollar china is very important now. it looked like we would stabilize around the 680 level. it appeared a 690 was too much and we saw the authorities in some sense step in there. that message is clear, but we are excited to see it growing up again. when you think about the dollar's weakness against other the canadianke dollar, the british pound, relating to those deals, it seems like at this stage, the dollar-china story could be heading in a different direction strength continuing is a concern for markets. david: you are right in the middle of all of this. i am curious, do you think markets play a bigger role in the foreign exchange rate? laura: there are certainly levels that the pboc

and the u.s. are beginning to have some serious concerns that they're actually arry publicly in a slightly new way of course speaking privately to the saudis and the iraqis for some time these concerns have been expressed force these are strong allies in the gulf and in the west with each other and cross these regions and they have been for years and of course the u.k. and the u.s. support their intelligence logistics weapons and things have been in place for some time but what the u.s. and the u.k. can no longer continue to support is the ongoing toll of civilian deaths and human rights violations which of course is happening on both sides but i think what we're hearing from secretary madness and from the u.k. as well is that the modest unconditional support for this at least publicly is now changed to modest conditional support for the time the. colombia and peru have are going to set of a joint database of venezuela migrants the announcement was made after a two day meeting both countries are s

the u.s. just announced plans to raise its latest round of tariffs on two hundred billion dollars worth of chinese imports from ten to twenty five percent. as part of china's growing export supply chain the us young nation stand to lose big in any trade war. a full scale conflict could slash singapore's growth next year by half the host country's leader warned the association to brace itself rules based multilateral trading system which underpin the us here is growth and prosperity is under pressure. it's important to us and continue to support the multilateral system and work with like minded partners to deepen our web of corp. southeast asian nations tighten their ties with china following us withdraw from the free trade trans-pacific partnership now they're pursuing a china backed regional trade agreement with pacific powers excluding the us singapore's prime minister said it could be signed by the end of the year. and to the european side of that trade story the european commission says u.

the u.s. will not win a trade war, warns the ceo. >> the concern we have looking forward is that if protectionism does take hold, it will have a dampening effect on the global economy. matt: of course chinese stocks rally hard. we do not see green arrows when you look at european futures. little change in dax futures and cap futures. the big moves down his ftse futures. that could be due to the strength in the pound against the dollar this morning. you're going to see strength and a lot of currencies against the greenback as it pulls back. guy: that is the big story of the morning. the australian market being affected by bhp billiton overnight. we're going to hear more about that in just a moment. the chinese markets rallying parted to the close. price action positive. it was a solid day yesterday in europe. interesting lines in the sand for the swiss franc. it is up by 0.4% overnight against the u.s. dollar. the euro now trading with a 1.15 handle. the british pound is cashing a bit right now

qatar and saudi arabia so that's all u.s. allies u.s. allies exactly exactly yell and i had been investigating a plane the departed from reactor airport five days earlier she believes carried weapons to the middle east. fight where there are the words that this plane took several times and you can see places such as our. our ryan got exactly and also has flights number mark which is very specific for the planes that are actually transporting military goods. this is footage of the plane yellow not tracked it has been loaded with crates at least twenty u.s. military flights have left this airport in the past six months. and when we arrive at the airport we to see a plane. bag this is one of the busiest airports when it comes to players such as this one. is from the same airline yelena had been investigating various really is pretty nuts it's just in the middle of a traffic junction. there are. there are weapons there there probably. there is this huge fights that are happening in surrounding it all they need was there the. flight data prov

the u.s. also argues the profits made from the lifting of sanctions is being used to purchase and export weapons in places like syria lebanon and gaza to support proxy militias and the state financing of terrorism the sanctions come as protests continue in iran against deteriorating economic conditions but the united states denies the sanctions are timed to force regime change instead it says it hopes to modify the iranian government's behavior despite longstanding u.s. policy of no formal diplomatic relations with iran president donald trump has even indicated he's willing to sit down for talks with iran's leaders no preconditions no they want to meet anytime they want heightening tensions top european foreign policy chiefs are implementing something called a blocking statute to protect e.u. firms still intent on doing business with iran in spite of the u.s. sanctions prompting this stern warning from a senior republican senator. under these sanctions you have to pick between the american eco

a new round of u.s. tariffs kicks in. >>> saudi arabia slamming a report saying that it is cancelling the world's biggest ipo. >>> hawaii on high alert a category 4 hurricane bearing down. >>> apple booting a facebook security app over privacy issues >>> and we continue counting down to our week-long series beat the street. today another fund manager is up 28% just this

legislation called blocking statute it's aimed at nullifying u.s. legal action against european firms which defied u.s. sanctions on iran and the e.u. agreed to twenty one million dollars in aid to iran to help offset the impact of sanctions. germany's foreign minister has called for independent payment channels to be created which would avoid u.s. sanctions and a newspaper article i ma said it's indispensable that we strengthen european autonomy by creating payment channels that are independent of the united states also creating a european monetary fund and dependence swift firsts us sanctions are back in force and the situation itself strategic importance that we clearly tell washington we want to work together but we will not let you act over our heads and the french president has criticised donald trump emanuel said europe's historical partner seems to turn his back on this common history you know minuscule. defer sweat which is a burden on our shared wellbeing is a crisis of multilateralism obvious multi-layered some is in fact he's going throu

>> they have to get out of this situation with the u.s. and the u.s. has made it clear to the turkish side that time has run out and there is only one way to get out of this and that is to release the u.s. pastor and four others the u.s. is calling political hostages. reacting sots are negatively to this just shows volatile the turkish economy really is. >> elon musk wrote, "i am considering taking tesla private at $420, funding secured." is going private a real possibility? >> going private at that level wouldn't make sense for a number of reasons. the company needs funding to grow. and to go private at $420 a share for probably be a total of $72 billion less about $14 billion that elon musk has, he would probably have to finance around $58 billion. more importantly, he needs to raise $2 billion to build his new china factory. he is going to need to raise additional money to build the semitruck. going private would not make sense. emily: shares of tesla, closing 11% higher, but hardly a straight line up. what you will see is a very unusual horizontal

today the u.s. president praised his own decision to reimpose same sions against iran a tweet that came with a warning undeniably aimed at europe anyone doing business with iran will not be doing business with the united states tonight trump against the world yet again all he's asking for this time he says is world peace i'm for golf in berlin this is the day. that seek out the trump and his government are the ones who have rejected negotiations and have turned their back on diplomacy. what's the meaning of negotiations when you impose sanctions at the same time that trump is doing is against the iranian nation and against the national interests of iran you know. the missing if there is honesty in the process. so coming up tonight he was seven years old when his mother and her partner pimped him out to pedophiles online today a german court sentenced both child abusers to prison. staffan in southwestern germany was where the man and woman offered customers on the darknet the chance to rape her son a

david: we got u.s. gdp growth numbers and heard from the canadian foreign minister on the progress of talks with the united states about trade. joining us is the economic editor of businessweek. to what extent will the outcome of these talks they're having now with a deadline tomorrow with canada, could they affect gdp growth? >> they certainly can. the net export is a positive contribution to gdp in the second quarter. people think that is noise in the data but in general strong exports are good for gdp. if we have good trade agreement between the three countries, that would be good. david: we have the outlines of a mexico agreement and let's assume canada along the same lines, pro-trade or not? such as therriers requirements for $16 labor to be used for building cars. this ispoint, on net positive for trade if a deal is done. the alternative is having no deal in which case you go back to higher trade barriers in general. free agreement between these three key nations is a good thing and fascinating to

u.s. president donald trump has extended an olive branch to iran just a week after he threatened the country now says he's ready to meet iranian president hassan rouhani any time and without preconditions but his secretary of state quickly backtracked from statement adding a few caveats to any potential meeting my palm pail wants to see what he calls a change in behavior from iran before in a negotiations can go ahead iran was also quick to set its own conditions saying the u.s. must rejoin the two thousand and fifteen nuclear deal before any talks can happen so we have a lot to get to with our guests but first this report from alan fischer at the white house. the u.s. president's surprise offer came during a news conference at the white house with italy's prime minister no preconditions no they want to meet only any time they want. any time they were in the u.s. piloted the deal is signed with iran and its international partners when president trump announced in may the u.s. was pulling o

airbase in fact which is also used by u.s. forces in the middle east but let me just go back to the point on iran for a second and put up this tweet by the iranian foreign minister he's saying trump's jubilation in inflicting economic hardship on its nato ally turkey is shameful the u.s. has to rehabilitate its addiction to sanctions and bullying or the entire world will unite beyond verbal condemnations to force it so we've stood with neighbors before and we will again we know that under the trumpet ministration ambassador the u.s. has inflicted sanctions on at least ten countries iran as well as turkey does that ring in foreign minister have a point when he says that the u.s. has to rehabilitate its addiction to sanctions. well we bade the nuclear deal with iran which i supported and back in principle i would still support but iran took advantage of that nuclear deal to increase their missile capacity to try to build a land corridor through southern syria to lebanon to increase their potential to attack israel so they didn't

the u.s. for june. right now, we are joined by our chief equity strategist and one other test. let's look at the lear and what happened overnight. the central bank announced new restrictions. ticked up right, it some. they also impose tariffs on imports from the nine states on things like -- the united states on things like alcohol and cars. they keep saying they will not raise their interest rates. will things like this sure up the economy? >> i don't know. this is the second day for the lira to go up. we will see. david: markets coming down with the lira? is this cia of the storm or the end of the storm? >> it is more likely the eye. august 500 by itself, rising without momentum, so we were due for correction. the dollar has broken out versus global currencies, not just the lira, but emerging-market currencies. it is august, poster earnings loton, so there is not a for stocks to grab onto to move higher. i think the default will be continued weakness in the short run. alix: we see indonesia

the u.s. congress on board. plus, the new controversy for the catholicrahurch. popeis will not respond to claims that he ignored abuse allegations. our viewers on public television in america and around the globe. tribut are still pouring in from around the world to john mccain. the u.s. senator lost his fight with brain cancer on sy, andever since, his legacy service has been remembered and celebrated. but there has also been contt versy. presidump refused to comment on senator mccain's legacy until late today. nick bryant reports. nick:ashington without john mccain is a lesser place. he h wasan landmark, an american hero who is broken body personify the land of the brave. flags at the u.s. capitol in hono at half-mast of his service and sacrifice. but at the white house there w no such active ongoing remembrance earlier on today. in a tweet over the weekend, donald trump pages deepest sympathies and respect to the mccain family, but had no kind words for the man himself. >> do you have any t

the u.s. and its allies want to end iran's influence in syria as an american envoy made clear in territory controlled by us by kurdish fighters we remain focused on ensuring the withdrawal of iranian forces and their proxies from the joint syrian russian command post the message is clear that the bill faced the same attacks as all of the rebel held areas in what they call liberation from terrorism. this is what that liberation looks like whether in homes or aleppo areas back into the control of president bashar al assad's forces backed by russia and iran. there can pierce the u.k. ambassador to the united nations she says the situation in adelaide is getting worse we are extremely concerned about the situation around its lip where there are almost three million civilians we believe they are at risk every shima sult we have some interesting questions we want to pry away of excitement the machine forces have been located. and of course at the back of everyone's mind is the risk of another chemic

new u.s. tariffs on sixteen billion dollars worth of chinese products they come into effect in beijing responds in kind is there a way out of the race also coming up. caution about one of the biggest company listings in history the saudis insist around close i.p.o. will not speak. to how a dressmaker from broadway is helping to transform the lives of migrants in italy by turning them into tailless. this is your business update i'm having a home for in berlin thanks for joining me the u.s. is a twenty five percent tariff on sixteen billion dollars worth of imports from china this is a second round of tariffs in response to what the trumpet administration calls beijing's on fair trade practices well china reacted swiftly with its own high tariffs on over three hundred american products as the trade vicious circle continues its dangerous downward spiral. new negotiations couldn't prevent the latest turn of the screw so far the u.s. and china have each imposed import duties on goods worth around f

the u.s. administration, the trump administration, i think it has whether intentional or not, adopted a collapsed strategy. there is no follow-up in terms of what comes after. it is up to to say, iranians to determine the future. the u.s. is very invested in the outcome. because it is strangulation the economy. if iranians rise up and come to the streets by the millions, i think it will be key what the u.s. will do and what signal it sends. but what kind of policies as well. is one thing to sanction iran and the u.s.. it is very effective. is it other to the poor opposition groups or decide whether washington will engage the regime to force and other deal. or whether, once and for all, they will figure out what to do. i would like to thank c-span for being here today. what is interesting about what i heard from ali palace, -- all the panelists, there is a resentment toward the moderates. you said it was conceptually and trouble. i it actually and trouble? put this to all four of you, what shou

the u.s. embassies in nairobi, kenya, and tanzania, at 8:00 a.m. eastern. after that, a look at the health insurance costs. later, the american enterprise institute hosts a discussion on u.s. policy in southeast asia. that's live at 12:30 p.m. eastern. >> next, lori wallach talks about the ongoing negotiations between the u.s., canada, and mexico on updating the north american free trade agreement, or nafta, hosted by the national press foundation, this is about 45 minutes. >> the stuff that's in nafta and part of the reason the fights are so fraught and why so many groups who wouldn't think we have a stake in the trade fight, like consumer groups like mine, is because of what's actually in the agreements. number one, with nafta, the core provision is investment protections. this gets to the whole job outsourcing thing, and i'm going to explain what part of nafta ask that so you can know whether or not if they get the renotion done it actually fixes that, which is what president trump said he