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Restraints and limits on north korean export activity. >> if this meeting goes well, what would you have to -- how would you characterize is a successful meeting between the u.s. and north korea? what has to happen? >> i think what we can expect is a very high level political commitment to nuclear-free korean peninsula and establishment of peace and establishment of normally relations between the u.s. and north korea and set of negotiations which will be the difficult work after the summit. at president trump said, there could very easily be additional summits because these negotiations are go...

They were trying to spur export activity to halt their slide and they did that with can currency known as the yuan. clearly it touched off a wash of currency. it caused a lot of problems. >> it really has been fascinating to watch a roller-coaster ride for everybody along. cnbc's ron insana, tom costello and courtney. >> receiving france's highest civilia iaian award. when we come back, a passenger who took pictures that went viral. still ahead york u heard from the white house about this. vice president joe biden holding a high stakes meeting with

Subsidies for large oil companies. joining me now is a democratic senator, benjamin carton. >> during the time they testified, did they say anything to have you change or re-think your position? >> not at all. in fact it was clear when you do the math that this subsidies that the taxpayers are giving the big oil companies are not needed. they use it to buy back stock. they don't use it to explore for more energy. it's clear that these tax provisions were never intended for the oil industry. it was started with trying to help export activity and manufacturing activity in the united states which...

Intended for the oil industry and use that to help balance our budget. >> is there an element to having this a dog and pony show? everybody, as you correctly say, is so angry about gas prices. was it easy to bring the oil executives up there and put them on trial in front of the country? >> what we try to do is what is right and fair. i don't think the oil industry had a defense that they did not get the tax breaks. they tried to say we were picking on them, and they were trying to divert attention. we did not hear one explanation as to why the tax breaks should be continued. there was not a p...