that's why i have been proud to host apeck this year.een a chance to work toward a seamless regional economy more trades exports and jobs for more people. i am pleased we have made progress in three month areas. we have agreed to steps to increase trade and bring economies even closer. we agreed to a new set of principles that encourage the entrepreneur ship that creates new businesses and new industry. with simplified customs and exemptions from certain tariffs we will encourage more businesses and engage in more trade. that includes our small business which account for the vast majority of the economies. it will make it easier to travel and conduct business across the region. i was pleased to sign legislation a new travel card that would help american businessmen and women travel more easily and get deals done in this region. the united states and 8 partners reached a brought outline in the trance pacific partnership. i am pleased that japan, canada and mexico have now expressed an interest in this effort. it comes on the heels of land

in the united states and in every economy in apeck, millions of women are still sidelined, unable to find a meaningful place for themselves in the work force. some of those though get to enter the work force are really confined by very clear signals to a lower rung on the job ladder, and there is a web of legal and social restrictions that limit their potential. or they are confronted with a glass ceiling that keeps them from the most senior positions. only 11 of the c.e.o.'s of the fortune global 500 companies are women. that is less than 3%. some women in the apec region don't have the same inheritance rights as men. so they can't inherit property or businesses owned by their fathers. some don't have the power to confer citizensship on their children, so their families have less access to housing and education, and they must constantly renew residency permits, making it harder for them to work. some are even subject to different taxes than men. too often they are denied access to credit and may even be prohibited from opening bank accounts, signing contracts, purchasing property, i

. >> the whole goal of apeck is to ensure that we are reducing barriers to trade and investment that can translate into concrete jobs here in the united states and all around the world. >> the president also announced the broad outlines of an agreement to create a trans pacific trade zone to include the u.s. and eight other nations. he said the details still have to be worked out. >>> more than 15,000 people are expected to attend a weekend memorial for former heavy weight champion joe frazier. a two-day public memorial began yesterday. frazier was laid out in the middle of philadelphia's wells fargo center arena in a white closed casket. his trademark white cowboy hat was placed atop a blan blanket. humemuhammad ali was scheduled o arrive as well as former heavy weight champions mike tyson. >>> washington nationals baseball player wilson ramos said he's thankful to be alive after a two-day kidnapping ordeal. >> it ended yesterday when commandos swept into a hideout. ramos said police and the kidnappers exchanged heavy gunfire. his ki kidnappers planned the abduction and told him the

be back here about 9:45 eastern when we bring you live president obama's news conference from the apeck summit in hawaii. see you back here then. ""black in america": the new promised land silicon valley promised land silicon valley starts right now. -- captions by vitac -- www.vitac.com >>> you know, this is a white and asian world here. it just is. >> people are minting money in silicon valley right now. i want a piece of it. >> hi! >> it's a capitalist endeavor. you know, we're all serious adults, entrepreneurs. >> i'm determined. >> i'm tired of playing games. >> i believe in my product. i believe in my ideas. >> and we're building great companies, every single one of us. >> i'm chasting success. >> and so we want to stand out because we're just so damn good they have to notice us. >> each founder is going to have two minutes to pitch their idea. >> i'm nervous. >> the way we're going to make money. >> um. >> um. >> um. >> you didn't tell me a thing about what your business plan is or what you intend to do for revenue. >> when i did raise venture capital my buddies here advised me,

la way, a day after he -- in what ray, a day after he used the -- hawaii, a day after he used the apeck summit. the president pushed for action from the debt super committee which appears dead locked. coming up next for president obama he will talk global economy and security issues in australia and indonesia. >>> president obama publicly addressed the penn state child abuse scandal for the first time since the news broke 10 days ago his comments came during the closing news conference at the apec summit hawaii. >>> what happened at penn state indicates that at a certain point, folks start thinking about systems and institutions, and don't think about individuals. for folks not to immediately say nothing else matters than making sure those kids are protected, that is a problem. >> as for the latest on the scandal the governor of pennsylvania says there may be an investigation into who knew about gerry sandusky's actions, the judge who released sandusky on unsecured bail worked as a volunteer at the charity. he is charged with 21 counts for allegedly abusing 8 boys over an 11 year period