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andy i met at the university of northern iowa s jepson symposium. each of the last two years he shared a dinner table with me, he was very kind to my students, and then he gave a marvelous talk last year about the chinese economy and the business relationships between the united states and china. tell us a little bit about how your interest in china developed and what you re going to bring to our conversation today. andy: thank you f introduction. i actually first went to china by pure chance. i m from boone, iowa and studied at northern iowa for my undergraduat e degree in supply chain management. at the end of my degree, my adviser at the time encouraged me to take an internship in china in the international logistics department of a large chinese state-owned enterprise. i didn t speak a word of chinese, and i d never been to china, didn t know anyone on the entire continent but sucked into china. it s a fantastic culture, interesting language, food, everything. just ....
retreated on friday from the seven-month high after data showed that u.s. hiring fell to the lowest in him a six years in may. the dow jones industrial and nasdaq also fell. we are counting down to the open in australia and japan. futures in australia looking like this, a slightly higher open. economists are expecting the rba to keep interest rates at 1.75%. , whereet over to japan the latest gdp numbers come out on wednesday. futures trading in chicago pointing to a lower open. 6.72, it is pretty strong against the u.s. dollar ahead of brexit. .wo markets to tell you about u.s. treasury secretary jack lew says china is moving in the right direction on the yuan, but needs to improve its monetary policy communication. he spoke to bloomberg in beijing where talks are due to start later today. tom mackenzie is there for us. what exactly did jack lew say? good morning. the u.s. and chinese side will be meeting in a few hours on the outskirts of beijing. it was a wide rangin ....
hostages at the hotel, and two security guards were injured in the attack friday. islamic militants took control of the country in 2012. that prompted a french-led militarynterveion in 2013. we ll keep you updated as more details come in. prosecutors have confirmed that the suspected master mind of the paris terrorist attacks was killed went. e.u. officials will meet to discuss to improve intelligence activities to ensure such attacks do not occur again. the french interior minister said abooud was in greece, but they failed to provide information on his movements ahead of time. they will convene a meeting on friday in brussels. translator: europe, the one we love and that we have built must do everything to beat terrorism, that s the message i ll be taking to brussels tomorrow. he said france will look into his exact roles in the attacks. abaaud is set to be part of the division that sees attacks outside their self-proclaimed territory. we report on the events th ....
police found a hole about 30 centimeters across in the ceiling of the rest room. members of the tokyo metropolitan police bomb squad arrived at the scene. they found wires, battery and four pieces of iron site. yasukuni shre began its annual festival of first fruits at 10:00 a.m. there were more visitors than usual. ranslator: i heard something like a bang. but i didn t think it was an explosion because it wasn t that loud. police suspect the shrine may have been specifically targeted. yasukuni shrine honors japan s war dead. those remembered include leaders convicted of war crimes by an international military tribunal after world war ii. japanese coast guard officials say an increasing number of chinese ships have been observe carrying out surveys in waters off southern japan. the officials say they have monitored 22 such operations in the east china sea near okinawa this year. that s double the number over past years. the officials say the ships have either enter ....
were taken by undercover police officers while they watched a team of seven south american thieves clean out an old navy store. shirts at $22.50, and they got the whole rack. when police moved in to make the arrest, they found enough merchandise to fill a room. all taken in less than an hour without anyone inside the store noticing a thing. [ticking] we have never seen a problem of this size and magnitude in world history. now hang on. in world history. there s more counterfeiting going on in china now than we ve ever seen anywhere. name an american brand. any brand. any kind of product. just name it, and we ll tell you something about it. it s probably being counterfeited in china as we speak. this is the most profitable criminal venture, as far as i know, on earth. counterfeiting. counterfeiting and your partners don t kill you. welcome to 60 minutes on cnbc. i m steve kroft. in this edition, we look at the multibillion dollar business of internati ....