we've presently got seven plants under construction in asia pacific africa. seven of those are in china, two in india. we had a 30% increase in our share, in the quarter in china. we actually wholesaled more cuses in the region, most of that in china, than we did in either europe or north america. >> china's also on track to be the biggest market for luxury vehicles like bmw, audi, mercedes, verypopur. ishere a place for the new lincoln to win over buyers of luxury cars in china? >> we think so. we've announced that in 2014 we're going to introduce the brand into china. teams already working to prepare for that. and we do think that we've got the products and we're going to have a consumer brand experience and dealership experience that we think is going to set us apart from others. >> ford shares hitting a speed bump today. they were down slightly, the stock is up almost 3% so far this year. >> ford shares, like a truckload of other stocks today ended slightly lower. the major averages did finish the day mixed. orders for long lasting durable goods were soft

, asia, e ast africa and asia and 2001 through 2003 he was commanding general of all the reinforces in japan. prior to that he was the director of asia pacifiche secretary of defense 98 through 2000, a graduate of the u.s. naval academy and held a couple master's degrees. john is the asia advocacy director of the human rights watch in his portfolio includes southeast asia that he knows then -- and a quite a bit about after joining that human-rights watch he was part of the public interest investigation firm and started the human rights watch as a researcher in the asian division focusing on pakistan and he has a lot of experience in south asia with afghanistan and pakistan and holds a law degree from new york university and a bachelor's degree from st. john's college in annapolis. i guess you shared some experience with annapolis and afghanistan. let's see if you share anything else. [laughter] so to kick off, a chip but i will give you a shot then i will moderate a discussion. >> thank you. i am happy to be here. the southeast asia program has taken off under your guidance and i think it is very valuable and even about time we started payin

asia-pacific. same-store sales in the americas up 6% while europe, middle east and africa sales declined 2%. >> thatly on currency. up 6% in the u.s. kind of matches the last few quarters and a point --. david: adam patty you like what you heard? go ahead. >> i like the overseas numbers. i think it is very encouraging that the overseas consumer is migrating over to its brand and its products. given penetration overseas which is very light, i think as they continue to penetrate, open more stores, this is very encouraging for the stock going forward and for the future. liz: we've got breaking news on jcpenney. it has been a while since we heard that. talking a couple days. george soros and financier and billionaire is reporting a 7.19% passive stake in jcpenney, as of april 15th, taking a big stake in jcpenney and of course the bid and the ask are of bo the closing bell, for a company that has been down for the count. massive management changes at the top. all kinds of legal battles that they have had with a competitor macy's. at the moment, moving higher as a finance ear george soros says, i'm in now

with continued instability in the middle east and northern africa, to the evolving challenges in the asia pacific region, especially north korea, there's no question that those who serve under our flag these days are doing so during a very critical period in our history. world events often remind us that our country, our freedom, our way of life remain a constant risk and we must take measured steps to protect the values that we hold. in this volatile world, increasingly, we are facing enemies both foreign and domestic. we are now confronted with a very serious fiscal problem at home, as you have described, mr. secretary, from skyrocketing entitlement programs, trillion dollar deficits, to a fledgeling economy and declining military -industrial base. we can now add to that the devastating effects of sequestration to our servicemen and women. sequestration is the wrong approach to bring in spending, particularly as our nation's military readiness will foolishly suffer. however, we are under sequestration. and i hope you can clarify for me some of its impacts. we have recently heard that the army h

asia pacific region. while the four ships in spain will provide the same amount of missile defense coverage for our european allies. second, destroyers and amphibious ships that have conducted security cooperation and humanitarian assistance missions in africa, south korea, and europe will be replaced by new high joint high school vessels. freeing destroyers and am fibous ships to the asia pacific region. third, the navy will generate more forward presence by fielding ships such as the joint i.c. vessel, as well as new mobile landing platforms and float forward staging bases that use rotating military or civilian crews. the air force, meanwhile, capitalizing on its inherent speed, range, and flexibility in the region, will also shift capacity from afghanistan to the asia pacific. including i.s.r. assets like the and the er, the u-2, global hawk. in addition, the air force will be able to allocate space, cyber, tactical aircraft, and bomber forces to the asia pacific region will little new investment as 60% of its overseas base forces are already stationed there. including 60% of combat coded f-22's. our ability to strengthon the ongoing continuous bomber presence missions in the regions will also benefit from reduced presence in afghanistan

we're rebalancing for the asia-pacific and adapting our force posture to a new normal of combustible violence in north africa and the middle east. we are also worked with others to keep serious complex conflict from destabilizing the region. we are ready with options if military force is called for, and can come and if military force can be used effectively to secure our interests without making the situation worse. we must also be ready with options for sunset and -- uncertain and dangerous future. this budget was purpose built to keep our nation immune from coercion. it aims to restore the versatility to a more affordable joint force in support of our defense strategy. however, let me be clear about what it does not do. this budget does not reflect full sequestration. it does oppose less reduction and it gives us more time. however, uncertainty persists about what the topline will be for this or any other future budget. nor does this budget includes funds to restore lost revenue. we don't know yet the full impact or the cost to recover from the readiness shortfalls that we are experiencing this year. as ex

we are working to defeat al qaeda and rebalancing the asia-pacific and adapt and force posture to renew normal combustible violent in north africaand the middle east. for also working to keep serious complex conflict from destabilizing the region ever ready with options of military force is called for and if military force can be used effectively to secure interest without making the situation worse. we must be ready for another 13 dangerous future. the budget is purpose built to keep our nation and from coercion. it aims to restore versatility to a more affordable joint force in support of our strategy. however, let me be clear what it does not do. this budget does not reflect full sequestration. it doesn't pose less reduction and gives us more time. however, are to be about the timeframe will be for this or any other future budget. versus budget includes funds to restore last readiness. we don't yet know the full impact or cost to recover from the ready a short posix and the fear. as expected, we've curtailed or canceled trading or many units across the services for those not preparing to deploy an enough remix earrings this m

asia-pacific region. the four ships in spain continue providing the same amount of missile defense coverage for our european allies. just an example. second, destroyers and amphibious shifts conducted security cooperation in humanitarian assistance missions in africa, south america, and europe will be replaced for the missions by new joint high speed vessel and combat ship under construction. freeing destroyers and amphibious ships to deploy to asia-pacific. they will jen raid more forward presence by fielding ship such as the joint high speed vessel which i mentioned as well as new mobile landing platform in -- that use rotating military or civilian crews. the air force, meanwhile capitalizing on the inherit speed, range, and flexibility in the region will shift capacity from afghanistan to the asia-pacific. .. the most titanic transitions coming out of these two wars because they have been so deeply involved in both conflicts. the army has 91,000 soldiers and civilians aside in asia/pacific and maintains a for presence of eight active component per gate combat teams, 12 batteries of patriots, and numerous theaters brigade lead units. the army is ensuring that after a decade of using pay, assets in the scent, area the pay, commander regains comma

we are rebalancing the asia-pacific region and adapting our force posture to a new normal for the combustible violence in north africa in and the middle east and as we discuss more later today we are working with others to keep serious complex conflict from destabilizing the region. we are prepared with options if military force is called for in and can be used effectively to secure our interests without making the situation worse. we must also be ready with options for an uncertain and dangerous future and this but shift was purposely built to keep our nation immune from coercion. it aims to restore versatility to a more affordable joint force in support of our defense strategy but let me also be clear about what this budget does not do. this budget does not reflect the full sequestration amount. it does impose less reduction and gives us more time however uncertainty does persist about what the topline will be for this or any other budget. nor does this budget includes funds to restore -- though we don't know the full impact of the cost to recover from the readiness shortfalls we are experiencing this year. as expe

and partners to defeat al qaeda gentry balancing to the asia-pacific region and adapting to a new normal of compostable violence in north africae middle east and as we will discuss to keep the complex confliro destabilizing the rein we are prepared with options as they call for and if it can be used effectively to secure without making the situation worse. we must be ready for options with an uncertain and dangerous future and this budget was purpose built to keep our nation immune. it aims to restore versatility to be more affordable joint force in support of our defense strategy. but let me also be clear about what this budget does not do. this budget doesn't reflect the full sequestration amount. it does impose less reduction and give more time. however, uncertainty does persist about the top line will be for this or any other budget. nor does this include funds to restore. we don't yet know the full impact of the cost to recover froeitfas we are experiencing this year. as expected we have already curtailed the training for many units across all forces, those not preparing to deploy. and we all know it is more expensive to

the asia-alancing to pacific region and adapting to a new normal of combustible violence in north africand the middle east. as we discussed more later today, we are working with others to keep syria's complex conflict from destabilizing the region. we are prepared with options if it can be used effectively to secure our interests without making the situation worse. we must also be ready with options for an uncertain and dangerous future. this budget was built to keep .ur nation immune from coercion let me also be clear about what this budget does not do. it does not reflect the full sequestration amount. it imposes less production and gives us more time. uncertainty does persist about what the top line for this will be or for any other budget. nor does this budget includes funds to restore lost readiness. we do not yet know the full impact or cost to recover from the readiness shortfalls we are experiencing. we have already curtailed or cancelled trading for many units across all forces, those not preparing to deploy. we know it is more expensive to get ready than it is to stay ready. re