>> most asian markets here ended higher.hatappening in the shanghai markets, of course. a lot of correlation between asia and china. the nikkei 225 s up 0.1%. kospi up 0.2%. the shanghai market reversing earlier declines, up 1.4%. the hang seng following track, up 0.8% and the bombay sensex is up 1.6%. nymex light sweet crew, up 90 cents, $67.65 a barrel. brent is tacking on gains, as well. brent is right now trading at $71.24 a barrel. bertha, over to you. >> still with us is nick parsons out of london. bill, being a suffering red sox fan right now, i'm going to start with you. these markets looked as though they might be starting to pullback. what should we make of the movement we've seen over the last couple of weeks? is this just the august low volume, a little bit of correction, a little bit of profit taking? >> i think it's some of that. i think we may have a bit more to correct on the downside. but i think the good news is that the march rally overall is still intact. i mean, our game plan really hasn't changed. we st

to asian elephants, or elephants in particular, but a lot of people don't know the asian elephants areghly endangered. there are 35,000 asian elephants left in the world. >> reporter: so we consider our elephants here ambassadors to the rest of the world, to get that message out there? >> absolutely. we strongly believe if you get to know these elephants you'll care much more about the elephants living in the wild. >> reporter: well let's start giving shanty her bath. and tell me what i can do to help. and now do they bathe every day? >> they get a bath every single day. in the wild they bathe in ponds and lakes as often as they can, usually every day, and when they come out they throw mud and dirt on their backs and scratch it off and this pulls off dead skin. so we'll be the ex folators, and we'll jump in scrub them. >> reporter: so they get in the mud and then come out and get clean. >> exactly. and we'll give her a chance to do that after we're done. reach in there and there's a scrub brush for you. and this is a livestock shampoo and you just scrub hard. it has llano lynn in it. >

christine. >> asian markets are falling today.e of the global recovery. that has hurt the exporters in japan. the nikkei 225 down 1.6%, as a result. the kospi getting dragged down 0.9%. the shanghai market, lots of concerns about oversupply there. the hang seng down %. and the bombay sensex now turning negative, down 0.3%. in terms of oil, the rise in crude stocks hurting oil just a little bit. $71.20 a barrel. that's for nymex. brent is trading up a little bit, as well, right now. trading along the ranges of $71.42 a barrel, down 23 cents, mike. >> thanks, christine. joining us now for more market strategy is greg curtis. he's the managing director of greg court and company. still with us is our guest host around the desk, phillip manducha. greg, you know, do you think that the revised gdp numbers, the weekly jobless claims will be anything to move the needle after yesterday when we had robust economic data and the markets didn't do a darn thing? is this an indication that our investors are kind of over it? >> yes, i think so. i

. >>> let's move on and look at some of the asian stories with chloe. good morning do you have. >> good morning, steve. approximate we had a strong session for a monday. a lot of optimism that the growth picture in asia is very much on the way, bolstered by the pmi numbers out of china. a lot of green, as you can see, with an exception of the nikkei. a tad lower, but hanging above that 10,000 level. the south korean kospi pulling ahead by half a percent, setting the tone for the rest of asia for the month of july. look at the numbers, actually down for the month, 20%. still better than expected. over in the greater china market, more news. the hang seng up by 1.1%. investors getting a lot of conviction over those pmi numbers. the bombay sansex also higher by half a percent. it will be about the job numbers we get out of the u.s. later this week. >>> nymex light sweet crude processed $70 per barrel. gaining ground by more than $70.54. brent up by nearly a dollar as well. let's head over to the u.s. with bertha coombs. how are you futures looking? >> happ

increase teen, how are the asian markets looking?rs are getting a chance to react to the gdp data coming in today and yesterday. nikkei 225 up 0.8%. ten-month high. the kospi up 1.7%. take a look at the china market, down almost 3%. hong kong managing to reverse early losses to climb higher after the markets closed. the territory announced that gdp for the second quarter grew 3.3%, coming in better than expected, signaling that the economy is now officially out of the recession. the second country to do so after singapore and the bombay sensitive 30 index down 0.4%. in terms of nymex light sweet crude, this is how the oil picture is looking. hopes of a recovery looking to lift nymex light sweet crude up 32 cents, $70.84. brent is tacking on gains, trading around the ranges of $74.33. up 39 cents, mike. >> thanks, christine. joining us now for market strategy is john hanes, the strategist with rensberg shepherd. and still with us is efan devitt. john, i'd like to start with you. we had a strategist on earlier in the show who said the

it is chinese food but asian food. >> right. it is modern american with an asian influence and we have gone to different regions of asia and take dishes from those regions and refine them and make them applicable for the fine dinning setting. >> they are located downtown. the tasting menu, how is this different than the regular menu. >> we do a regular tasting menu which is nine courses. everything is individually plated. what we have done for the summer is taken a chinese style approach. it is family style. $85 can be for a table of 2 to 200 an you get basically didn't dishes that you sample that we make at the restaurant. >> price-fixed menu and some of it here and we will make stir fried lamb. >> you are going to do the work. >> whatever. >> we will start with pork here and we had the butcher grind it. we will keep the fat in there because it will flavor our stir fry in a minute. we will make a marinade that has fresh orange zest. we will add a little citrus. little brown sugar. always a little garlic when we are cooking chin

the asian markets were weaker. and futures picture worse throughout the trading day. >> sure, blame us, adam. let's like we'll take part from you as well. our futures pointing to a lower open for the week. it will be a busy one. not time for vacation yet. a lot of economic data. we'll get reports on wholesale inflation. leading indicators and housing. this morning or later today we'll hear from the national association of home builders. that's at 1:00 new york time. right in the middle of the session-ahead of the opening bell, we'll hear from lowe's. profits have dropped in the second quarter as the home improvement climate continues to feel the impact of rising foreclosure. cooler weather in the northeastern u.s. may also have hurt demand for seasonal items such as air conditioners. home depot reports results tuesday. that's your global stock watch. >> coming up, bad news for the economic market. will it be the consumer that short-circuits a global recovery? e-mail your views and questions to worldwide@cnbc.com. >

we're seeing volatility in the asian mountai asian markets at the moment.re you looking that far ahead? >> these are companies which i think are fundamentally cheap and therefore, i'd be happy to buy today. the only issue i'd put in front of investors is if you want the income yield, bear in mind these companies only pay one dividend per year. >> james, thanks for being with us today. we have to say good-bye to you now, but we appreciate the hour you've spent with us. bertha. >> up next, will wall street follow europe and asia higher today? we'll preview the trading day ahead. we'll be right back. >>> hello and welcome back to "worldwide exchange." believe it or not, almost the end of the show. but for viewers in asia, europe and the u.s., we will have "squawk box" and becky quick will be on that show. she'll with us early to tell us what we can expect. becky, what have you got going on today? >> good morning, becky, good morni morning, everybody. the economic recovery, job education, health care reform, those are all op hot topics. new jersey's governor, j

the periphery being eastern europe and euro-asian.t it's a strategy ultimately might limit its military imct on central and western europe. russian military intervention are pressuring appear to drive overall european political considerations, and economic necessities more than military concerns. and agonizing eastern europe greatly, and unsettling some european leaderships over all. does, ukraine and georgia remain what i would call geopolitical pivo to hearken to make enders stands on important conntal issues f russian military strategy. but russo-european security dilemmas may actually focus much less on military issues than on euro russian energy challenges as well as how the european union continues to integrate not only new members, but alsoeach out to its eastern periphery, which is increasing late euro-asia. and also how an uncertain north atlantic treaty organization impacts on euro-asian security. and those are the basic argumdnts that i have made in this initial draft. i think what's important is that as the first decade of

there was services asian going on in new york and the surrounding suburbs. one thing that was occurring was the rise of suburbs more widely in the united states and the expansion of suburbs. and so there was a loss of population to the growing sunbelt region that was going on since the '50s. the west and southwest of the united states, and the sunbelt was also the base of a growing more conservative political movement of the country, which saw new york despite in this period its strength. saw it as reflecting an old guard form of civic populism if you will, that the republican party, the right-winger republican party was trying to supplant. and so new york was losing population to some extent as was finding itself in competition, in serious competition with other cities, that were more in, you know, in republican or the. >> your book, "branding new york: how a city in crisis was sold to the world," you talk about the crisis of the '70s and new york's response. how severe was the crisis as a response? >> a crisis of the '70s was extremely severe, as i mention

we saw base metal prices drop in asian trade.ll the resources stocks in china were quite a bit lower here despite the deal with petrochina and australia is worth about 41 billion, chloe, massive deal. we still have that um billickal cord with the china markets. >> china seems to be the focus. everybody keep their eyes on the shanghai market. thank you very much, adam. still much more to come here on "worldwide exchange." governments around the world are expected to pump as much as $100 billion of stimulus spending into infrastructure projects. so is it time to dive into utility stocks? >> plus, to expand or not to expand. the bank of england's decision to pump another $80 billion into the economy comes under fire. >>> hello. i'm chloe cho. >> i'm beck can he meehan. in europe, a sea of red has markets across the continent on jitters about the recovery. >> and i'm bertha coombs. warren buffett says the u.s. is on the slow path to recovery, but we'll have to deal with the side effects of massive economic stimulus. >> we are going t

maura. >> the asian markets today rebounded, ross. we had tokyo, for example, closing here at ten-month highs. that would be the highest level in 2009 for the nikkei 225. up by 1.4%. shanghai stocks had a shaky start to the trading day, but the optimism carries through throughout the session and saw stocks rebounding by 1.8%. hong kong is essentially flat for the day. ross, back to you. >> let's get thoughts on was going on at the moment. joining us is loto. good to see you. we saw the ifo institute business sentiment up for the year high and up for the fifth month in a row. we saw the euro, which gained, but it seems to be a signal is for the stock markets to sell off slightly in germany. are we worried that we're getting ahead of otherwise and that our expectations are perhaps getting too high? >> i don't think our expectations seem to be too high. but let's face it, we've come to a market that seems to be different. all the sentiment at the moment means sometimes we get nervous, that perhaps we did get ahead of ourselves and then r

the asian markets were fairly resistant today. the dow jones industrial average the previous day and the japanese equity market was a top performer in the region. honda announcing that they're going to be procuring motorbikes from thailand and selling them on the japanese equity market. that helps to give the stock a boost. the tech stocks are fairly strong because we saw some weakness in the japanese yen. and the chep stocks in particular were in focus. elpida memory managing to run ahead and wipe out losses from yesterday after jpmorgan upgraded the company. today it's up 7%. >> investors today will get their second peek at the state of the u.s. jobless market. the forecast is for a rise of ,000 to a total of 585,000. we'll get numbers today from comcast, blackstone, dollar tree, sirius xm and cbs. retailers will be reporting july same store sales results through the day. a cooler weather, a we're job market had choppers picking through the clearance rack instead of paying full price for back to school items. that's your global

it's the asian elephant celebrate. shanty is ready for a closeup. they have over 150,000 muscle tendons -- muscles and tendon this is their trunk. that's one of thethings you can learn when you bring your family out here. we'll learn about it later on fox 5 midday news. stay with us. you're just moving your fingers, aren't you? i gotta cut my nails. (announcer) now get three amazing fios services for the price of two. tv, internet, and phone for only... it all adds up to one incredible deal from fios. call the verizon center for customers with disabilities at 800.974.6006 tty/v now to sign up. and get fios tv - ranked highest in overall customer satisfaction by j.d. power and associates america's top rated internet-- now even faster, and crystal clear phone service. all for just... it's like getting 3 services for the pce of 2. that's a 180 dollars savings over six months for the best in home entertainment. don't miss this unbeatable value 3 great services, for the price of 2. call the verizon center for customers with disabilities at 800.974.6006 t

. >>> asian markets headed both ways this morning. allison is here with more. good morning. >> good morning, michelle. asian markets were mixed overnight. nikkei by up to about 60 points. hong kong lost more than 1%. prices there fell at an alarming rate. some analysts say the numbers threaten the recovery of the japanese economy. >>> toyota has called it quits at a plant in california that it shared with general motors for some 25 years. the move puts 4,200 jobs on the line and has been condemned by united autoworkers union who called the move devastating. >>÷@on wall street the dow saw gains for the eighth straight day, its best streak since 2007. dell reported weaker earnings but still performed beyond expectations and the dow closed up at 37 points with a nasdaq up by three. >>> the fdic says its returns are down 20% in the second quarter. that's the lowest level since the early '90s. the agency that backs bank deposits still has a billions in reserves and has no plans to borrow from the treasury department. >>> identity theft can strike anyone, even the ch

. >>> on the "cbs moneywatch," a sell-off for asian stock markets. claire leka is here with more. >> good morning to you, michelle. that's right. we did have asian markets going back to their losing ways, tumbling deep into the red. foreign investors rushed to cash in profits. steep losses in shanghai stocks. tumbled more than 4%. on wall street, a 19% drop in hewlett-packard's quarterly profits could weigh on tech stocks today. the dow begins up 82 points. the nasdaq starts higher by 25. general motors will spend the rest of the year beefing up production thanks to the government's cash for clunkers program. gm said it will increase production by 60,000 vehicles and call back nearly 1,400 laid off workers. industry wide, 411,000 vehicles have been traded in under the program. >>> watch out. your facebook page could come back to haunt you, especially if you are in the running for a new job. 45% of employers say they're now checking social networking sites, such as facebook, as they screen potential employees. 11% say they're about to start doing so.

on the big board. >> a lot of that's coming from asian growth. we also like charles schwab & company. it's going to benefit from the wash-out in the banking sector, it's not just a discount brokerage firm, it's providing more banking services -- in fact, we use schwab institutional as a custodial firm for our trading accounts. >> paul: one more. >> pepsico. people think of pepsico as stodgy but it's a double-digit growth company selling at its lowest price-to-cash flow in 20 years, it pays an attractive 3% dividend and it's increased that dividend every year for 37 years. >> paul: do you own the stocks mentioned or have any other disclosures to make? >> absolutely, paul, we own all of them. i wouldn't recommend them if we didn't like them and we also use schwab institutional as our custodial firm as i mentioned. >> paul: they would benefit nicely from a big bull market as well, would they not? >> they're all in sectors that should be among the leaders in this bull market. >> paul: very good. unfortunately, our time is up, but jim, as always, than

. >>> on the "cbs money watch" asian stocks were mostly lower this morning.h for clunkers program gets a cash injection. claire leka is in new york with more. good morning, claire. >> good morning to you, karen. >>> most asian markets ended in the red overnight ahead of the all important july jobs report due out this morning here in the u.s. shanghai's benchmark index tumbled more than 3%. hong kong stocks slumped 1.66%. japan's nikkei was the low winner, managing to eke out a gain of .25%. >>> on wall street, investors on edge ahead of the government's official july jobs tally. the dow jones industrial average starts the day off 24 points. the tech heavy nasdaq begins lower by 19, or 1%. >>> the senate voted to pop another $2 billion into cash for clunkers, the popular rebate program would have run out of gas today without new funds. president obama plans to sign the measure, which could allow another 500,000 car owners to trade in their gas guzzlers for more fuel efficient cars with the new funding. government rebate offer should be good through labor day.

. >>> asian markets opened the week in the loss column.investors are nervous after the u.s. consumer after confidence in august came in weaker than expected. japan's benchmark nikkei tumbled nearly 3% despite news the nation's largest economy is no longer in recession. shanghai stocks plunged more than 5%. on wall street, investors are hoping to restart the 5 five month old rally. the dow jones starts down 77 points. the tech heavy nasdaq begins off 24. >>> retailers report earnings this week. the number two retail chain lowe's reports this morning. >>> they're wielding the budget ax in chicago. except for emergency workers, all city services will stop today from garbage pickups to libraries. those city workers won't be paid and will resume work tuesday. the citi's budget calls for three planned days off in 2009, saving chicago millions. >>> the trains will continue to roll this morning in san francisco and oakland. bay area rapid transit has reached a tentative contract agreement with the local transit union. negotiations got testy after

and also how a certain concern concern -- impacts on asian security. those are the basis arguments that i've made in this initial draft. i think what's important as the first decade of the 21th century emerged, you look at countries like germany and other western leaders as more clearly informing their international security concerns towards russia in terms of energy and geopolitical priorities. and the disputes that have emerged as well as the cooperatives efforts that have advanced. because of the oil and natural gas supplies to europe weighs so heavily in european capitol, russian's positioning appeared concentrated on pipeline politics. as a result from what you heard about the russian military and its great challenges to field operation capable forces beyond russian territory, and as you look at the military interventions of wars that have occurred involving the russian military, as well as the military pressuring that might be used if we really read between the lines for how these important political and economic questions for security are rising

. >>> on the "cbs money watch," mixed results for asian stocks this morning. claire leka is here in new york with more. >> good morning to you. >>> asian markets did close out the week mostly higher in the end overnight. japan's benchmark nikkei rose .75%. hong kong stocks packed on a fraction. on wall street, optimism about the fed's outlook for the economy overshadowed disappointing news on retail sales. the dow jones industrial average starts the day up 36 points. the tech heavy nasdaq added nearly 11. >>> this morning investors will be poring over reports on consumer sentiment, industrial brux, and consumer prices. july consumer prices are expected to come in unchanged as inflation remains under wraps. >>> it turns out video games aren't recession proof. according to mdp group, sales fell for the fifth straight month, skidding 26% in july. a number of sales faced bishopers still battling a tough economy. hardware like the playstation 3, xbox 360, and the nintendo wii fared even worse, falling 23%. >>> air travel will get more personal as we now have to pro

the first southeast asian leader to do so. fresh off her meeting maria bartiromo caught up with her in new york in a wide-ranging interview president arroyo shared her perspective on the global economy, the importance of trade, and how she kept the philippine economy on a path to growth. here's more from maria's exclusive interview with president arroyo. >> thank you so much for joining us today.. it's good to see you again. i want to first offer my condolences to you and your country over the passing of president aquino. you began your service to government under the akequino administration. >> yes, as undersecretary of trade and industry. she was a great woman, and she presided over the most important historical event in our country in the last 100 years, and that is the people power peaceful l revolution. >> you met with president obama this week. >> yes. >> can you give us a sense of what went on at your meeting with president obama? >> well, it was a fruitful meeting, i would say. and the fact that he thought of the phili

roger, asian markets are holding up pretty well despite the fall we're seeing in the chinese markets. do you think global markets are pretty much immune to what's happening over in shanghai? >> not, not at all. actually, everybody was aware, more or less, that the chinese domestic market was facing macro overheating situation and if you see that the money supply was growing seven times faster than normal gdp, this is an unhealthy situation. so the market was pretty much aware that once the government might point out some measurements or might talk about some tightenings to monetary policy, this will have a negative impact so far. on the other side, of course, it will have a negative impact for the market and market has corrected 20%. still, the market is an outperformer. therefore, i don't think that the global investors will reach that dollar, but certainly we will see the market is going to pull down. and while the global recovery is still ongoing, the market might be -- i mean, this negative impact on banks and the prty stocks might be offset by a recovery in the export stocks in a

. >>> back here on earth, asian stocks slumped to start the week. karen brown is in this morning for claire leka with that and more on the cbs "moneywatch." >> reporter: good morning. asian stocks were down today after surging on the optimism over the newly elected government. the nikkei quickly fell back. it was down less than 1%. on wall street, the dow will start the day out on the down side. it finished up on friday down 36 points. the nasdaq is just about even. it closed friday up about one point. this week he investorses will be watching closely for two key reports. the latest unemployment figures will be released later this week and more americans are expected to lose their jobs. also, the monthly auto sales will be out tomorrow. they're expected to have the first year to year increase in two years. the cash if clunkers program is being given all the credit. and for those folks in the new pul efficient car, they're getting another break. the price of gas has dipped slightly to a national average of $2.61 a gallon, down about two cents from a

now to singapore with saijal for a wrap on the asian markets. morning, saijal. >> good morning to you, ste pan. apart from the comments of the fed are helping to lift the asian markets here. big turn around from the losses we saw yesterday. i want to focus on greater china because a lot is coming out from there. first of all, the shanghai composite was lower earlier today, but it managed to recoup losses. we saw metal stocks and banking stocks gain. they were trying to calm fears about money tightening. that certainly helped the market. hong kong doing very well today. the hang seng index up 2%. h shares, as well, up about the same amount. rapid earnings coming out from that region and i want to start with leeann frang, which is a consumer export company. if you look at the net like, 1.4 billion is where they came in on mark with consensus, slightly higher than what they reported last year. those numbers aren't bad because considering that they've been facing weak demand from the u.s. and also remember they had to deal with the insolvency from a

asian markets closed higher, despite a drop on wall street yesterday. the dow lost 186 points. the biggest drop in weeks. >>> in afghanistan, two mortar rounds landed near the presidential palace at kabul, just two days before the country goes to the polls. >>> and the atlantic season's first hurricane named bill, is now a category 2 storm. packing 100-mile-per-hour winds. it is on track to blow past bermuda by the end of the week. >>> millions of americans are going to have to wait longer for protection from the swine flu. >> only about one-third of the vaccine the country was counting on will be ready by mid-october. that's when the mass vaccination campaign is scheduled to start. here's john mckenzie. >> reporter: it is the single-best hope of slowing the spread of swine flu. but health officials now say this new vaccine will not be available as quickly as planned. instead of 120 million doses by mid-october, there will now be only 45 million doses. with another 20 million arriving each week after that. in short, this vaccination program will be at least a month behind sched

. >> reporter: today the church is about 45% white, 45% black and the rest hispanic and asian. but pastor smith says the "grand experience" hasn't always been pleasant. >> you're certainly up against the natural stereotypes. you're up against ignorance. you're up against some hard- heartedness and, you know, some outright evil with respect to some people. >> reporter: pastor rodney woo, half chinese, grew up in a black neighborhood, went to an all white church and married his hispanic childhood sweetheart. >> the poor rich. let me tell you who they are. they are the people who have a lot of money and nothing else. >> reporter: when he came here, the church had only two black members out of 180. today, wilcrest baptist has 500 members divided almost equally among whites, blacks and hispanics, with the remainder made up of asians. woo says he didn't realize how difficult it was going to be integrating his church. >> when we started a lot of people were going, "ah, this is making me feel uncomfortable." whether the kids were in the nursery together, or their kids were in the young

we have ken jeong, the asian gangster from "the hangover." [ scattered applause ] he's hilarious.cacy groups were mad because they said he set asian people back an inch and a half with that scene. [ audience ohs ] [ rim shot ] >> jimmy: that's what they said? they said it with the drums. they said it with the drum roll. ridiculous. hey, you know the roots. have you ever heard of the roots? >> yeah, yeah, yeah. >> jimmy: you've heard of them? >> yeah. yes, i worked with these guys on "chappelle's show," which i co-created. no big deal. [ laughter ] [ cheers and applause ] >> jimmy: great. give me a break. >> no, no, no please. >> jimmy: he directed "rick james, bitch." >> be cool about it. please. [ laughter ] >> jimmy: everyone is cool about it. you're overreacting. [ laughter ] >> so, i know ahmir and james. they used to make songs for the show. so, when you were looking for a band -- >> jimmy: i asked you. >> i said you should hire these guys. and what i didn't know is that they now have a white bass player, which is very exciting. [ laughter ] [ cheers and applause ] >> jimmy:

asian markets cled higher, despite a drop on wall street yesterday. the dow lost 186 points.e biest drop in weeks. >>> in afghanistan, two mortarr rounds lande near the presentitial palace at kabul, just two d days before the couny goes to th polls. >>> > and the atlantic seon's first hurricane named bill, is now a category 2 storm. packing 10mile-per-hour winds. it is on track to bloww past bermuda byby the e end of the w. >>> millions of ameriricans are g to have toait longe f protection frothe swe flflu. only abouout e-thirird of the vaccine the country was countg on wilill be ready by mid-octot. ththat's wn thehe mass vaccinatn campaign iss scheduled to ststa. here's john mckenzi >>>> reporter: it is thehe spread of swine u.f slowing g t but health officials now say is new vaccine will not be avlable asas q quickckly asplan. instead of 120 million doses by mid-october,r, there wilill now only 45 million doses. with anoer 20 milli arrivg each week after that. in short, this vaccination program wille at least a month behind schededule. the government h hoped that almost eve

on the currency markets, the yen during the asian session was up across the board. it is still up against the dollar. the chinese data just boosting the yen. elsewhere, euro/dollar still at levels below where we were yesterday. sterling is just below 1.65 at the moment. christine. >> hey, ross, the focus seems to be on china. we had mixed data coming out there in particular. we had industrial production for the month of july growing at it fastest pace in nine months. take away any signals for monetary tightening, that seems to be the focus for investors in shanghai. the hang seng is up 0.7%. the bombay sensitive index up 1.3%. and the boj kept rates steady in japan and south korea. overall, a strong session here in asia, bertha. over to you. >> thanks very much, christine. futures are modestly higher this morning, but investors are pretty much on hold. the fed begins that two-day meeting. the expectation is keeping rates on hold, but right now everybody wants to know what they're going to do with kwaupt tafb easing. we've got futures above fair value. we're got quar

he's the first asian-born golfer to win a major. in michigan the nascar backed 400. the three laps left johnson's car out of gas. at number 83 vicar takes the lead and the checkered flag. >>> 72 degrees here in northwest washington. is bob erlick planning another run for governor? in three minutes find out who says yes, he is. ny even during times like these, there is a light beginning to shine again. it comes from a restaurant downtown. a shop on main street. a factory around the corner. entrepreneurs like these are the most powerful force in the economy. the reinvention of business begins with them. and while we'reureb@ fa we don't know all the answers, we do know one thing for certain: we want to help. come see what the beat openforum.comkefab@b@ thing's busted. downloads okay but the uploads take forever. uh, actually that's not your computer. that's cable. with fios uploading is as easy as downloading. it's fast both ways. (sighing) you can just leave that. really? yeah i'll take care of it. (announcer) is your internet two-way fast? only verizon fios has the fa

yang looking to become the first asian-born player to win a major. so tiger has to stick it close, 197 to the pen, but goes about 207 over the flag, into the rough. for the first time since 2004 tiger woods goes a calendar year without a major. ranked 110 in the word, now a major champion. yang the 2009 pga champion, and tiger woods a runner-up in the major for the sixth time. >> i played well enough to win the championship, but didn't putt well enough to win the championship. i didn't get it done on the greens, and so i didn't get it done. >> tempers can run hot at the redskins practice. mitchell and hall into a fight. it happens. redskins back on the field for practice first time since tuesday. higher humidity, afternoon, higher temperatures in the 90s. that is hot to be at the pool, let alone to be in a hot piece of turf wearing heavy pads. >> it is hot out here, you know we got the pads on. we're coming off a game where we didn't play well on -- in any phase of the football game. so the guys are angry, they're heavy -- having to get the pads on,

senator overcomes tense relations with a southeast asian government and wins freedom for an imprisoned american, but didn't stop there. >>> there's still a long way to go in california before the firefighters can declare victory. >>> and critics are saying "district nine" is the best film of the year. so why is half of the potential audience flocking to to a different movie? thanks for having us over. >>> an american sentenced to hard labor in myanmar is going home seven years early. he was arrested after swimming across the lake to visit a noble prize winning activist who is under house arrest. but virginia senator jim webb flew to myanmar to help with the release. >> clearly getting the release of john yettaw was important. he's an ill man. he had been taken to a hospital before the verdict was delivered with seizures. we understand he's a vietnam veteran and has a troubled mind i think is the best way of putting it. and obviously, one doesn't know why he swam this lake. there were reports at the time that he had a vision she was going to be assassinated. >> earlier today, webb becam

fairfax county police say the homes favored by the burglars are of people of middle eastern ia asian decent. ol>>it's a hindu mb anthey h g it -- some of em hang it above the garages, in the windows, next to the doors. out of the 16 that we have noticed, a significant number of them have had the symbols around their house. >> reporter: all of them during the day. the most recent break in took place tuesday, july 28th. on june 29th, the thief tried to get in through a rear window but left when he realized someone was home. police are reluctant to put of a description. once inside the thief or thieves do after specific items. >> they seem to be targeting jewelry, specifically gold jewelry. they are taking electronics and passports and personal documents. >> reporter: they have been targeted homes in the county about once a week since april 1st. if you know anything about fairfax county, these burglarys are been taking place in areas of the counties tt are spread quite a ways from each other. some of the locations are way out. what is intriguing the police is how the burglars are able t

so in terms of magnitude, asian markets are running really hard.ybe the asian markets outperformed. >> craig, was yesterday a hiccup or the beginning of a correction? >> i think what you have to do is look inside what the indices did and a couple things make me think the caution meter has been raised a bit. specifically, if you look at the movement in the vix, 15% movement in the vix higher, haven't seen anything like that since april. that's a pretty good measure of just how much fear of caution has come back into the marketplace here. the next test of this market will be in the fall, and certainly -- specifically september and october, haven't been great months for the market. but then a fundamental test which is a corporate earnings coming back into play. and what the market needs to see is real top line growth evidence in the corporate profits stream. and right now, i think there is a little bit of skepticism whether or not that's going to materialize. >> skepticism, but allen, in the third quarter, it's hard to see how which don't get it in th

as a result, a lot of asian markets tumbled overnight. europe has been in the red to a tune of 1.5 to 2%. futures in the states, we'll open down 150 points if things stay the same. we are getting data this morning at 8:30 this morning. one of the messier mornings in five or six weeks. >> a time of the year when a lot of people go on vacation. some of the swings can be more exaggerated. that doesn't make you feel any better when you look at your 401(k). >>> we have the first initial named hurricane of the season. this is hurricane bill. maybe there is no better time to introduce squawk's biggest friend, scott williams of the weather channel. today we'll be talking to him about hurricane bill and other storms behind it. good morning. welcome to "squawk box." >> good morning. we have a lot of active weather to focus on here this morning. let's talk about your business travel here this monday morning. especially along the gulf coast, that i-10 corridor, watching what is left of tropical storm claudette continuing to move in. that will bring p

really helped the entire asian region. europe no change as i mentioned. another issue a lot of people are talking about is the printing business. printing was somewhat of an issue according to some analysts last couple of quarters. he said the bottom line on printing inventories are better. that is very positive today. we're happy with the printing business. margins up 100 basis points. mark herd feeling good about the most recent quarter. let's get some more experts into the conversation. tell us what it says about the broad economy and the stoke market performance and how this sets the tone for tomorrow. brent brace lynn is with me, senior research analyst with pacific crest securities, a sector perform rating on hp. we appreciate your time. your reaction to they these numbers. >> a sigh of relief. this now confirms that the i.t. fundamentals are improving. i think the worst is now behind hp. we saw sequential growth this quarter. they're looking for 8% growth next quarter, certainly executing better on the bottom line. we're quite pleased. again, bit o

in asia kra, buyings asian banking units from the royal bank of scotland. >> i'm steve sedge wish. in europe, ubs is hit by wealthy clients taking earnings elsewhere. >> and i'm bertha coombs. in the u.s., treasury secretary time get ner loses his cool as he blasts financial secretaries for not getting behind president obama's earnings report. >> welcome back to the show. let us take a look at data just hitting the wires. we have euro zone ppi figures. let me just look at that. european prices rose for the first time on the month since july 2008 in june. the measure, the annual measure povertied, though, a fresh record drop. that's according to euro stats. producer prices of 1.3% in june and declined 6.6% on the year earlier period. this is the largest annual decline since comparable records began in january 1982. a little more sobering compared with the data we've seen as of late. >> if you're just joining us in the united states, welcome to the start of your global day with "worldwide exchange." we broadcast live from the u.s., asia and europe. here in the u.s., we're going to ge

in 2007, when the market broke, the asian markets broke to the down side first.and at that point, it started to lead the rest of the world. and then if you recall in march, they led the first part of the rally. they rallied about two weeks before we even started our move. so when they start to have extreme moves, you need to use that as an indicator on your trading strategies. >> what does it tell you now? >> what it tells us now is we had a 20% pull off the highs, and it shows that type of move can happen, so you need to be prudent with your entries and exits, and you can't chase the excitement, need to have the right entry so you can sit through as we continue to rally and move forward. >> but dave gentry, you say it's all about earnings. you are not looking at a technical basis of what asia is doing so much, and you're looking at the fundamentals in earnings? is. >> i think that's the key, trish. the market has reacted off the bottom based upon earnings moment momentum. and even though the year over year numbers will continue to be negative, the most important

now over to singapore for a wrap on the asian market. >> hi, stephane. really on the back of better than expected economic data, the u.s. jobs report. over in japan, the machinery orders. that was up for the first time in four months. better than expected, even though the forecast remains fairly weak, we did see a rally on the machinery stocks. taking a look at the exports, pretty strong gains today and holding very resilient. we saw the dollar-yen raise on friday. falling back a little today. didn't have too much impact on the exporter stocks. mitsubishi chemical reports it may buy mitsubishi rayon. we saw reports up 20% on that. the kospi was pretty much flat today. the foreign adventure binvestoro this for 19 consecutive quarters. a 3% fall. now over to bertha in the u.s. >> this week investors are basically going to focus on the consumer and the fed. we're going to get retail sales data later in the week and hear from macy's and walmart and other retail giants and the fed two-dave policy meeting which starts tomorrow, wrapping up wednesday afternoon.

vietnam fell to the communist then all >> the vietnam fell to the communists and then all southeast asianes would also fall. ♪ >> oliver: publicly the eisenhower administration applauded his anti-communist regime providing south vietnam with hundreds of millions in aid, privately, there were serious concerns. >> nobody felt that this government could really survive. but it was almost as if it was a miracle. and he had consolidated power in the south. communist activity was reduced. the economy was beginning to develop. >> it had more to do with ho chi minh was up to. and in the who are the ho was consolidating power and preparing for the next war. so, in effect, the american backers have a free ride for a couple of years. >> i john fitzgerald kennedy do solemnly swear-- >> oliver: a democratic president took office and faced the same enemies. jfk let friend and foe know where he stood. >> we shall support any friend, oppose any foe to assure the survival and the success of liberty. (applause). >> he confronts an intensification of the insurgency in south vietnam. >> oliver: when do you ma

he is the first asian-born player to win a major championship when it comes to golf.afer, good morning. >> good morning to you, robin. when you watch this happen, i just couldn't believe it was actually happening. >> tiger was doing great. >> tiger was doing great and tiger never loses when he's out in front in a major championship, but this guy, y.e. yang of southeast asia, didn't even take up golf until he was 21. tiger was playing it since he was 2. yang was feeling it and he just kept his calm. tiger just kept missing shot after shot after shot, so yang becomes the first player to ever win a major, and he talks about how he kept his cool. >> i wasn't that nervous because honestly, it's a game of golf. it's not like you're in an octagon where you're fighting tiger. >> the first fight ever televised to feature women as a main event. this is girl stuff. this is not for faint of heart. she is beating her, scoring a technical knockout. >>> a scary moment on the diamond. hiroki kuroda says he's lucky to be alive after this line drive hit him in the head. this is on satu