facebook. thank you, my audience and thank you at home. you at home. it's a fascinating set. -- captions by vitac -- www.vitac.com hello, i'm in london. here are the headlines. pakistani police say a three story factory building has collapsed killing at least two people. at least 12 others are hurt. it is feared dozens of people are still trapped in the rubble. police say a boiler in the factory burst causing the building to crumble. syrian activists say more than 40 people have been killed in heavy clashes across the country on sunday. this video posted on youtube is said to be from homs. cnn cannot confirm its authenticity, but the damage to buildings bear the scars of some

heavy fighting. over the weekend russia and china vetoed a u.n. security resolution aiming to stop violence. evacuation crews are focusing on areas in queensland town in sunday. they're hopeful emergency leaf have is will hold back a rising river in the town. the new york giants are the champions of america's nfl. they defeated the new england patriots to win sunday night's super bowl by a score of 21-17. giants quarterback eli manning was named the most valuable player. those are the headlines from cnn. "world business today" starts rate now. . good morning from cnn london. i'm charles hudson.

>> and a very good afternoon from cnn hong kong, i'm andrew stevens. you're watching "world business today." the top stories this mon, february the 6th. >> debt negotiations are down to the wire in athens. can greece reach a deal with creditors before time runs out? the stage is now set for a potential new trade war as china bans its airlines from complying with an eu carbon tax plan. and it's halftime in america, too. people around the world hurry and they're all wondering what they can do to make a comb back. chrysler's halftime in america ad resonates with super bowl fans with a little help from clint eastwood. pulling out the big guns there. it is 11:00 a.m. in athens and it's the 11th hour for these greek politicians here hoping to

secure a new bailout from their international creditors. most asian markets were happy to take their cue from the positive u.s. jobs number which came out on friday, but european investors have one eye on events that could trigger a catastrophic default. charles, good to see you. the mood grim where you are? >> certainly. what we're looking at is a balancing act in asia between the good numbers we saw from the united states in the jobs market and obviously the worries we have about those greek negotiations which do seem to be going down to the wire. here's who i the major markets look about an hour or so into monday's trading session. really fairly universally off by about 2/3%. the banks taking it on the chin. let's take a look at the paris cac. a little bit of a pickup there. come back again. really, carrying on down, down,

down. these difficulties for the eurozone being reflected in the value of the euro. that also is taking a bit of a tumble. let's have a look at the euro number that's been trading at nearly $1.31 last time i looked. yeah, 1.3059 down against the u.s. dollar. really a lot of pressure on greece and on those negotiations, andrew. >> we took the optimistic glass half full. there is only one red arrow. hong countries congress down by .25%. it was all about the very positive jobs report we had. that was the reaction today after we saw wall street power ahead. the nikkei and the asx both up by 1%. in tokyo investors showing favor to the stocks that were sold off on poor earnings. stocks like honda up 3%, sony another big gainer up 4%. got a pop at the end of last

week after some pretty bleak news. that rise continues for sony. the mining and metals company leading the way. the hp billy tan up by 2%. when they move, it certainly effects the broader s&p, charles. >> fascinating what's going on in that industry, but let's have a look at the big theme of today, monday, and it's greece. greek politicians taking their talks on a new bailout absolutely to the limit. the country's international company has threatened to pull its offer off the table if the parties can't agree on further austerity measures. as a risk of a disorderly default looms larger, we're joined from athens. linda, remind us what exactly it is that the greek parties are negotiating on. >> reporter: well, some of the main sticking points are to do with labor reforms.

labor reforms would include a cut in the minimum wage. they would also include a number of public jobs in the public sector. this would increase the competitiveness in the country. what the greek party's forming the coalition government agree against, they say that by losing more jobs and having the wage cuts, all that's going to happen is that the country's going to go into further recession. what we've seen from the first bailout package, this recession is only going to mean greece will not be able to meet its targets again. they're trying to put forward some alternative solutions. of course, the unions are very much, as you understand, against these reforms as zblel well, i've seen that the austerity measures are worth 1.5% of gdp which is a tremendously large number on top of what greece has

suffered. it will trigger some kind of spiral, but what are the chances of the parties agreeing on something in this 11th hour? >> reporter: well, the problem is if they don't agree at this point, it's very much what you described before. greece would have very little choice but to head at least towards a possible unstructured reform by the 20th of march when greece will not be able to meet its payment requirements as about 14.5 billion worth of bonds mature. so greece really has very little choice at this point in dictating the terms, if you like. what the party leaders are trying to do is make sure the decisions they make will make the greek debt sustainable in the long run before they can sign. >> so there is a general agreement and does that apply -- general agreement that a disorderly default, because this is actually an orderly default we're talking about, but a disorderly default is generally seen by greeks as being very bad

for them. to that extent despite the wrenching pain that's involved there, is there kind of a consensus there, elinda? >> yes. from the vassileva majority of people and from what we've seen in the polls, people want to remain in europe. they don't want the country to be led to a disorderly default especially since they don't know what this would mean. none of us do. this is not something that has happened in the past. there's a lot of concern about this obviously, but what they want at the same time is to make sure that their living standards remain sustainable. one of the reasons that the previous bailout package did not bring the required results is that simply a lot of people were actually unable to meet the requirements. they were not able to pay their taxes. their living standards have gone down so much that they're so worried about their everyday living conditions that i think this is key to them, to make

sure that that's sustainable up to a reasonable limit before they can agree to anymore austerity. >> okay. elinda joining us live from athens where those talks continue right up to the 11th hour. many thanks to you. and a little bit later in the show david will be speaking to david jones from id index. he'll tell us how this ongoing saga is impacting stocks. >> it's not good, is it snits' an yun going saga in greece. we'll talk about what a disorderly default would mean to the markets. wall street ending on a high note on friday. surging last week to their highest levels in years on the back of those better than expected job numbers which came out before the bell on friday. the dow closing up 1.2%.

12862 the dow is. the nasdaq up by 1.6%. 2900. that is more than a ten-year high. despite that strong finish to the week on friday, the u.s. markets look set to start this week on a downbeat note. perhaps a little bit of profit taking going on there. let's see if we can get these numbers. there they come. slowly, slowly. they're all down by .25 to 1%. europe's freeze brings trouble to london where half of all flights were canceled for a second day on sunday. what's it like on monday? stay with cnn and you'll find visibly reduces wrinkles in just one week. why wait if you don't have to. neutrogena®.

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week of steady increases. as european investors discuss their concern, oil is down about 80 cents. welcome back. you're watching "world business today" live on cnn. now a brutal cold front has western europe certainly in its icy grip. most people cope, but in one of two parts of britain it's caused travel chaos. thousands of passengers were left stranded as airports struggled to cope with the snow on sunday. london's airport seems to be okay but over at london's heathrow which is the main airport and main international hub, half of all flights were canceled on sunday. atika shubert joins us. >>. >> reporter: well, it's much better today.

no flights canceled. both runways are completely open. still, however, there's a lot of questions as to why nearly half of the flights were canceled yesterday when only about three inches or ten centimeters of snow was actually on the ground. i want to show you the headline in "the daily telegraph" today. just three inches of snow halts all flights at heathrow. they want to know what happened given that last year heathrow closed for several days because of the snow and the baa which owns heathrow airport promised to revamp their snow plan. said they put in more than 30 million pounds into buying three times more snow equipment and said they were much better prepared this year, and so now a lot of critics, especially stranded passengers have been asking if that's the case, then why were more than 1,000 flights canceled yesterday. >> the interesting thing is of course in a way they seemed to have crick chenned oickened out.

they canceled the flights not because they had too much snow, but as a precaution. that's the odd thing, isn't it, atika? >> reporter: that's right. they canceled 1/3 of the flights before a single snow flat fell. they canceled the flights in order for people to find alternatives for those airlines to try to reschedule those flights, and then when the snow finally fell they canceled a few more. essentially the runways were still open. in a sense it was their anticipation that was more of their downfall than the actual snow itself. >> what's the broader picture, atika? my impression having traveled, driven about 180 miles this morning, including past heathrow, most travelers are coping with everything, even london's gatling airport.

it's embarrassing. >> gatwik stayed completely open. it had, of course, some delays. absolutely no cancellations. for many passengers they're weighing aup the alternatives. gatwik was open, heathrow had half of its flights closed. the highways are fine. there's a bit of snow on the ground but overall everything is fine. why is it that this is one of the world's busiest airports and it can't cope year after year with a few inches of snow. even though they say they coped much better, that may not be good enough for many passengers. >> thank you very much indeed. joining us live from heathrow airport. atika shubert. it takes you back a few years when there were leaves on the line. let's stick with this weather recall the latest blast across europe at the moment.

check in with ivan at the cnn weather center, ivan, the latest on flooding in australia as well. >> we'll get to both stories here. i tell you what, three inches can certainly shut down atlanta's airport. we don't have the equipment here to remove or deice the planes, but heathrow certainly does there. i'm sure they're going to be checking their plan accordingly. you get snow. this is not too, too, unusual. it has been incredibly cold. temperatures have been anywhere from 25 plus degrees below zero. it has been an arctic blast that has been continuing to take over europe. you have cold air that's been in place, we know that. we have these storms in the eastern mediterranean. the balkans have been hit severely. let's set the stage for this next storm because we are not done. what you're seeing here is going

to be repeated and please close your ears if you're watching us over in the balkans here. you are digging out from what you're seeing there, upwards of a meter of snow. that translates to 39 inches. we're talking three feet here that they are buried under across portions of the balkans here as a result of a last low that came in. now we have this one coming in. the forecast, i'm thinking half a meter for the same region. we're talking macedonia, portions of albania as well. all of this region here, andrew, is going to get hit again within the next 24 to 48 hours. the cold for you stays to the north here as well. >> okay, ivan. let's take a look at the aussie weather. will we look at that later? >> we'll check the aussie weather. let's take you to some of the scenes.

we just got some new video as well from australia here. i want to show you these dramatic pictures. this takes you back to 2011 when we had the incredible epic floods in queensland. the same region getting hit here. we are watching some levies that are going to essentially be tested in dramatic fashion over the next couple of days. we're forecasting crests of 14.5 meet interprets. the levies go up to 14.7. we don't have much to work with here. we're going to watch this very closely. we've had upwards of 3800 residents, andrew, have been evacuated from st. george here which is the region in queensland which is going to be hit the worst from the latest flood. we'll be watching the waters cresting over the next 48 hours. the rains from the sky have stopped. it's what's already in the system that we have to get through. >> amazing, isn't it? it's going to be another record crest. more than a meter high. >> yeah. >> it is unbelievable.

ivan, of course you'll continue to monitor that story for us. ivan at the international weather center. charles? >> coming up on "world business today", ford may be built tough, but its feelings apparently aren't. we'll tell you why the u.s. car maker's upset with its rivalries chevrolet next. with one towelette. can your makeup remover do that? [ female announcer ] neutrogena® makeup remover.

$3.5 million. that's roughly how much a 30

second ad spot cost during sunday's super bowl. an estimated 111 million viewers tuning in the u.s. many companies didn't hesitate to shell out that sort of cash. welcome back. you're watching "world business today" live on cnn. charles, that $3.5 million for a 30 second ad translates to about $117,000 a second. >> yes. a lot of eye balls you're getting for that money. i think they had a good time, particularly if they were new york giants fans. it was a great night in particular for them because the american professional football team pulled off a 21-17 victory against the new england patriots to claim their fourth nfl super bowl championship title. giants quarterback eli manning accepted the team's trophy after being named most valuable player. he received the same honor back in 2008 when the giants also beat the patriots in super bowl

xlii. >> it's the whole package though. team rivalries are part of the excitement and buzz surrounding the big game. it's the half-time ads that really attract a lot of attention as we've been seeing. this year chrysler steered away with an appeal to america's strength and perseverance in these tough economic times. >> it's half-time in america, too. people are out of work and they're hurting. they're all wondering what they're going to do to make a comeback, and we're all scared because this isn't a game. people of detroit know a little something about this. they almost lost everything. but we all pulled together. now motor city is fighting again. >> so it goes on to say that america quite can't be knocked out in one punch, that the u.s. will rebound and when it does, quote, the world will hear the

roar of our engines again. certainly a bit of patriotism selling there, charles. >> meanwhile another detroit branch, chevrolet, has come under fire from ford for its super bowl ad. the ad shows a group of men who survive a world destroying apocalypse driving their chevy trucks. watch this and you'll see why ford is upset. ♪ looks like we made it ♪ ♪ left each other on the way ♪ looks like we made it ♪ until today, until you were there -- where's dave? >> dave didn't drive the longest lasting, most dependable truck on the road. dave drove a ford.

>> well, ford issued a statement objecting to chevrolet's claim that its silverado is the longest lasting vehicle on the road. they said ford is proud to be america's best selling truck for some 35 years, although i suppose those 35 years don't include that kind of apocalypse. if you're interested, you can watch all of these super bowl ads online. i don't think that the car companies have to pay anything extra for you to do so. you can check out the best and the worst in your view at cnn.com international, andrew. >> they don't get much better in terms of production values than super bowl advertising. just ahead here on "world business today," it's another big decision day in greece. the country's new bailout still in the balance. we'll be examining what the markets make of the uncertainty in athens. stay with us. [ male announcer ] this was how my day began.

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from cnn london i'm charles hodson. >> i'm andrew stevens cnn hong kong. welcome back. you're watching "world business today." >> let's take a look at how european stock markets are. we're 90 minutes into the trading session and a lot of the euphoria that came with the good job numbers we got out of the united states on friday has dissipated. the reality is we're looking at quite serious losses off by more than 1% in the paris cac. ftse off by .50%.

banks taking it on the chin. all of the volatility is up again. >> between the good jobless numbers coming out of the u.s. on friday, the start of the european markets, we had a pretty good pop really reacting to the jobless numbers. the nikkei up another 1%. more than 1%. only hong kong showing a red arrow today. all pretty strong. again, this is all on the hope of a stronger global economy. the australia markets looking pretty strong. have a lot of resource plays down there obviously. but no doubt if europe becomes front and center again and the fears of a disorderly default start to cascade, you'll see things turn around here in asia as well, charles. >> yeah. certainly we're already seeing that kind of tremor running through the currency markets because the euro, the pound and the yen are losing ground.

we are looking at a buy the of a flight to safety and certainly the euro is definitely suffering as those greek talks drag on, andrew. >> indeed. so a fly to safety. can greece make a last-minute deal and dodge a messy default? politicians are leaving it certainly late in the game. that's sending shifers through the stock markets on monday. market analyst david jones joins us from ig index. this threat has been hanging over the markets for a long time. it's certainly back on the table. the politicians in@thens are bickering about whether they'll do more austerity measures. what is your take now on how this is likely to unfold? >> reporter: i think it is going to be the overwhelming concern for markets this week. we have seen in recent weeks or for much of the year the markets were pushing european markets to the side. we have fantastic job numbers on

friday. lots of optimism in the markets and coming back to reality with a bump today. we just don't know with greece. we came into this morning thinking that there was an 11:00 a.m. deadline where we'd have hopefully some sort of detail about the austerity cuts and move closer to an agreement between greece and its creditors, but the greek government has come out in the last 1/2 hour and said there is no deadline. we'll decide when we're ready to decide. once again, it's that familiar uncertainty. markets think they've got a couple of weeks to sort this out. they've got march, march the 20th i think is when the next payment is due on their loans. so i think by the end of next week we have to have something on the table for this. >> that's right. march the 20th there there's a repayment of 14.5 billion euros. you're saying market participants have pushed the greek worries aside concentrating on the positive in the economy. does that suggest then if the threat of a disorld derlly

default takes hold that we'll see a selloff? >> i think that is the risk. i think we came into this year after being through all of the volatility last year, primarily on greece, there was a feeling that we're through the worst and surely some sort of deal will be agreed. hey, we are in familiar territory again where we seem to be potentially some way away from the deal. i do think if we end up with a disorderly default for greece it could be that the markets are looking for a selloff. the dow as of friday's close, we've moved up around 25% in four months from the lows around about 10,000. that is a significant move i think by any measure. so i do think if we do get further concerns about europe, people are bound to see this as a reason to take some money off the table up here. >> yes. that is a remarkable number, 25% in four months. give us a picture then of how you see a disorderly default.

let's assume it happens and how widespread do you think it will be for the global financial markets? >> i think we'll see an impact on anything that's viewed as a potentially risky asset to the extent of what we're seeing today. we're seeing most major currencies down against the u.s. dollar. stock market's down. we'll see an exaggerated version of that. it doesn't necessarily mean the markets will go through what we went through in august last year where markets were falling off a cliff when all of this stuff came out of the blue. it is there as a nagging worry i think in the back of markets' minds that we could well see a disorderly default from greece. it's not going to be good, of course, to the stock markets. the gains we've already seen so far this year, maybe the market has got a little bit ahead of itself. i think in the next sort of two to three months regardless of any default or otherwise, it is going to be difficult to see enormous gains. it's for some pressure to come in in the weeks ahead.

>> indeed. david, as always, thanks for joining us here at "world business today." much appreciated. david jones with ig index. charles? now switching gears. in the heart of damascus a once busy market is a shadow of its former self. are sanctions hurting syria's poorest citizens ahead? we'll take a close look ahead at "world business today." and then, in one blinding blink of an eye, their tree had given its last. but with their raymond james financial advisor, they had prepared for even the unthinkable. and they danced. see what a raymond james advisor can do for you.

shortage of gloom on the weather front here in hong kong. sort of matches the mood, charles, of the european stock markets there as we look across the center into downtown hong kong. welcome back, you're watching "world business today." >> i wasn't sure what i was looking at for a moment. i thought it was one of your latest pieces of impressionist art that you might have bought, andrew. i don't know what you get up to.

i think it was j.w. turner. that's a separate discussion. let's turn towards what's been a rather serious matter over the weekend. that is the violence in syria. it has been raging on even after the u.n. security council addressed the issue. it failed at that weekend meeting to pass a resolution to try to stop the bloodshed. the syrian military resumed shelling of homs after bombarding it all day long on sunday. witnesses say rockets have been falling and that buildings are shaking in the explosions and they say at least 30 people have died. >> here this man is pleading to an end for the shelling in homs. they say a massacre is taking place there, its word. anti-government groups say more than 300 civilians have been

killed in home homs. 300 have been killed in homs since thursday. >> now the united states and the european union have themselves imposed sanctions on syria to ramp up the pressure on president assad's regime. the sanctions have taken a toll on syria's economy. we visited a market in damascus to find out how people there are being affected. >> reporter: at this particular market in damascus all shoppers are reluctant to talk on camera. the fear surrounds everything, no matter the topic of conversation. however, the impact the sanctions are having cannot be masked. >> reporter: as one shop owner put trkts look around. you can see for yourself the market is not as busy as it used to be. things like egg plants, cucumbers, tomatoes, basic staples in the diet here have

been affected. they're impoerted from jordan. their price has gone up 40%. you have products like coconut brought in from sri lanka. >> reporter: these sanctions were supposed to force their hand. instead, the economic pinch is being felt by those who can least afford it. he sees it daily in his clientele. it has not hit the upper class. it's the lower class that has been forced to become more conservative in their spending, he says. powdered baby's milk, 35% increase in price. just about the same for anything here that has been imported. some other products, a little bit more. we just saw a customer coming in asking how much nutella had gone up. 50%. he immediately turned around and

walked straight out the door. it is when it comes to foreign imported goods that one can see the impact that the situation, the sanctions are having on the local market. cracked wheat though, that's a local product. it stayed relatively stable. rice has been subsidized by the government. >> reporter: but other local products have seen a price hike. and it's mostly due to the oil sanctions which are having the biggest trickle down effect says economist sukkar. >> we are trying to cope with it trying to find markets for our crude oil, trying to find sources for our product imports. >> reporter: syria cannot refine enough oil products, like diesel, to meet local demand. sapgss are making imports a challenge causing prices to go up. that has even impacted the cost of some local products, like chicken. >> there needs to be a certain

temperature that is maintained when the chicks are growing. it's a critical three-month period explains this man who sells chicken. this means heat and light. running the equipment requires diesel. as a result, the price of chicken, which used to be easily affordable for even the lower class, has gone up 20%. it could get worse. >> what is also important is that the sanctions are pushing the government to go into protectionism and diversing its organization policies. this could be another victim of the sanctions going back to the old command economy 2s. >> reporter: the sanctions are working, though perhaps not quite yet the way those imposing them intended. arwa damon, cnn, damascus. china's aviation authorities have banned chinese airlines from participating in the eu's emissions trading scheme, as well as from introducing levies

on the taxes. the chinese won't pay any taxes to the eu. they escalate the debate pitting beijing against brussels. we're being joined from beijing. this looks like it's a major escalation with beijing stepping in and saying to its airlines that you are not allowed to follow an eu directive. why is beijing taking such a strong stance given that the aviation industry in china is probably one of the most robust in the world? >> reporter: well, andrew, china has long been opposed to this scheme. they called it an improve tax. they called it an unfair trade barrier. like a lot of other countries around the world, including the united states, beijing has said that this particular program breaches international law. now the purpose of the eu program is to help improve the

environment. it's to curve climate change, gas emissions. china is one of the biggest offenders of this. of course, they say they aren't against that idea in principle, however, they say that this particular scheme is too one sided. there's also a lot of concern here about the financial impact of the european scheme. the estimates here have been that the chinese airlines would lose over $120 million a year, again, from a tax which they believe is improper. andrew? >> so where does it go from here? we've now got beijing directly confronting brussels over an issue that brussels would say is its sovereignty, nonnegotiable. are we looking at a potential trade war? >> reporter: well, that's what people are worried about. they're worried it could end up on the desk of the world trade organization. they're worried it could

escalate into a global trade dispute. as you had indicated every indication on the european side is they're going to stand their ground. here in beijing most people believe beijing is digging in its heels especially now that the government is getting involved. there's a lot of concern that this is going to really escalate. the question people have been asking has been will we see flights grounded any time soon? the short answer is that's very unlikely. most people don't believe that we're going to see flights grounded, at least in the short term, and part of the reason is because china does have a lot of leverage in this industry. there are a growing number of chinese tourists who are really interested in flying to europe all over europe at a time when europe could do with more business right now, andrew. >> so china perhaps flexing its economic muscles in a different way on this story. eunice, thanks very much for that. charles, it's worth pointing out that the airlines that are

opposed to this are opposed because they say it's unfair that the airlines are being charged on emission controls in air space even outside europe. if a plane leaves from hong kong to brussels it's being charged by brussels for all of the emissions from hong kong instead of just going into european air space. that seems to be the sticking point. this will be an interesting story. it seems difficult to figure out how they're going to solve it. >> we'll see how the europeans react. maybe they can ramp up the rate from the national eu border into brussels or wherever it is. don't want to put any ideas in their head. coming up on "world business today," bucking ham palace. it is 60 years to the day since queen elizabeth ii came to the thrown. we'll tell you what the palace has planned.

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well, the price of gold has been underway sad since thursday. the price is down by about $7.40 coming in at $1718.50. that market is swimming in the euphoria from the u.s. job

numbers. today, the 6th of february marks the 60th anniversary of the queen's succession to the thrown. it marks the death of george vi's death. celebrations are muted. an official diamond jubilee photo has been released and official celebrations are planned for june. cnn's royal correspondent max foster reports now on an accidental heir. >> the queen was born on april 21st, 1926. it was only a decade later that she knew she was truly destined to lead an empire. there was a fluke of history really. the work of scandal. her uncle edward abdicated so he could mary wallace simpson, the divorced american citizen who was the love of his life, but a

spoiler to the thrown. elizabeth's father became the king. she was the accidental heir and entrin muched in her was the duty. elizabeth was devout, even spiritual about her role as a royal. >> idea claire that my whole life, whether long or short, shall be directed to your service and to the service of our great imperil family to which we all belong. >> i seem to remember having listened to that speech and i remember very well, i certainly remember reading not so much -- not many years later the way she dedicated her life to the country, and that was an example which i very much felt that when i grew older that that was what it was about. you dedicate your life to your country. >> reporter: her first prime minister was winston churchill. she's met every u.s. president

bar one. >> she remembers learning from her parents how important keeping america on side board into the war. america came into the war. she remembers that so well. she remembers the american troops, d-day, all of that. >> reporter: some years there has been little to laugh about with uncharacteristic candor and emotion, the queen marks 1992 as a very bad year. a fire at windsor castle and several family splits. three of her four children divorced, one most famously, and then there was the car crash. the queen learned a tough lesson through all the grief. she could never be just a mother or a grandmother, she's queen to a people, no matter what. and as if to punctuate that, an enduring moment as she bows to princess diana's coffin, a low point for britain, the monarchy, and for britain's relationship to the monarchy. it took more than a decade to

rebuild the public's faith in the royal family. prince william's marriage showed the popularity of the monarchy. the queen was visibly thrilled by the show of support in the royal wedding last year. it's often said the greatest monarchs in british history were all women. if that were the case, queen elizabeth ii would be second only to perhaps her predecessor, victoria. max foster, cnn, london. >> certainly can't fault her devotion to duty, can you, charles? i must admit it puts you into perspective when they say her first prime minister was winston churchill. do you think there will be a huge celebration in june? >> i think there will. it's very popular. she's mortal. for many of us she's the only queen we've ever known. when she goes, that will be a major event. that's it for "world business today." i'm charles hodson in london.

you're watching the world. >> cnn in hong kong. >> good-bye for now.