the president of malaysia called it colonization. example. tonga, small country, china leant them 1/3 of their gdp. china wants it now. we don t have it. we have we didn t hear anyone from anyone in the world. what do they do? they sign on to china s program, get a five-year reprieve having to pay the money back. china says we may lend you 10 times your gdp. they ll own that island. they don t have to make manmade islands anymore. they ll own it. vice president pence is the only person in the western world standing up to that. it is crazy stuff. we call it predator lending but much more. bill: the store story has gone under the radar. julie: holiday shopping season is almost here. the tips and tricks you need to
without expansion and people looking for home. the foot traffic was down and now it s back under the 50 number. bill: up 245 on the dow 30 now. vice president pence from overseas says every nation gathered here at apec has a place in potuss vision. we exclude no one. we expect they embrace free trade and individual rights. what s going on with china? i love what vice president pence is doing. as everybody out there, this is really just to me incorrect and inaccurate media reporting. we want nato to pay their fair share and the united nations to do the right thing doesn t mean america is retreating from leadership on the global stage. vice president pence tells china stop the death trap financing. you are ripping off countries. you are taking them over.
concluded, i think, when you get inside try to get inside kim s head as much as that is a closed society, because the united states in the past acquiesced to china s development of a nuclear ballistic system, they protested quite a bit and they developed it, because the united states acquiesced to north korea secretly developing a nuclear weapon, when they got it, we acc acquiesced. kim believes that once he gets the nuclear tip, he believes in his mind that we will eventually just acquiesce to it. that s where he is. we acquiesced to other things previously. the problem he i think he s making a miscalculation because we have a new president here, a new team. they re not going to permit him to have a nuclear tipped icbm. general, we hope not.
learned that song and like it. it stuck. you like it? i don t know why. a good song. they re going to play it later. a good song. i am surprised. i learn something new about you every day! my musical taste is pretty eclectic. that s one on the fringes. but i like that song. all right, we ll get to the news now. first, gas prices. the average for a gallon at your nearest station has been on a climb for weeks. steady is now turning sharp. indeed this week we have seen a 14-cent surge, the largest one-week jump in more than a year. as neal karlinsky reports, all signs point to prices going even higher. reporter: you have heard the predictions for months. tensions with iran, ramped up consumption in china, even market manipulation were all conspiring to bring you unprecedented gas prices. it turns out the experts should have looked closer to home. the fallout from monday s refinery fire near san francisco sent fuel traders into a panic
olympic games. how do they do it? abc s jeffrey kofman finds out. reporter: it s beginning to sound look a broken record at these olympics. chinese anthem blasts out again. and again. and again. as its athletes ascend the podium. the cold war is over, but the u.s. and china are locked in an olympic gold war. while the u.s. medal haul has been consistent in recent years, chins has rocketed. from five golds in 1988 to 51 in 2008. how do they do it? this week, abc s gloria riviera in beijing visited one of the thousands of sports schools where future chinese olympians are already being groomed. this headmaster told abc news the secret to china s success. young athletes who train hard and can endure hardship. hardship. look at the face of this girl as a coach stands on her legs. but the secret to china s medal success isn t just early and relentless training.