nick lyster is still with us. he helps manage more than $320 billion.e can talk about central-bank easing in china let's start with central-bank easing. 17 central banks so far this year, at least 17 of the ones we track here and bloomberg, how much more are you expecting? were you expecting this? >> human australia? -- you mean australia? >> a no, not australia but 17. >> they are -- >> china, the slow down in china in australia being impacted. i look at some of the macau casino revenue and plunging. what you see in china? >> consumer spending is way down. massive investment boom, 20%-30% in investment and that has come to a shuddering halt. capacity and the chinese economy as there is in a lot of emerging markets. when you turn the tap off and capital spending, it will trickle down. >> back of the envelope stuff. if you were to make an investment would you like -- >> the development still at the right point. >> nick lyster ceo. thank you for joining us this morning. here is the chart we will focus on. dollar/ye versus toyota price. take a close at how

nick of time. >>> this is the "cbs morning news" for tuesday, march 3rd, 2015. good morning, i'm lauren lyster in for anne-marie green. israeli prime minister benjamin netanyahu will argue against a nuclear deal with iran before congress this morning. netanyahu calls the speech a moral obligation but the speech has strained u.s./israeli relations, and the circumstances of netanyahu's invitation to speak have created a firestorm of controversy. susan mcginnis is in washington where the netanyahu speech is a hot ticket. susan, good morning. >> reporter: hey, good morning, lauren. it is, and that's despite dozens of democratic lawmakers who plan to boycott the speech in part because the white house was never consulted about the invitation. now, yesterday both prime minister netanyahu and president obama talked about iran and it became very clear that both leaders have very different strategies for how to keep nuclear weapons out of the country's hands. >> my speech is not intended to show any disrespect to president obama. >> reporter: against white house wishes israeli prime minister benjamin ne