we look forward to bo xilai. fed and markets, we just heard it. >> is the bank of japan meeting more important than the fed? >> i don't think bank of japan is more important than the fed but equally trying to navigate through some challenges and i think that's why markets have been a little bit jumpier of late. trying to understand whether bank of japan does shift their policy and whether the fed continues to let the market do more of the heavy-lifting, effectively tightening some rates without the fed acting itself. >> if you have a longer term view than 48 hours do you expect these two central banks to determine the way the markets u.s. stocks trade for the rest of the year >> i don't think that the fed will determine how u.s. stocks trade for the rest of the year. u.s. stocks will take their accuse from earnings, take their cues from forward looking basis. ultimately their policy to normalization is driven by the fact that the economy continues to heal. we're seeing things getting better. not necessarily in a

he won out of bo xilai who was a maoist and a koch guy.i jinping would want to steer the government in a better economic place. he has decided the communist party's number one and it needs to be protected at all costs. we have a huge anticorruption probe. the response to the smog in beijing is something he is pushing very hard. there is a lot to work with in terms of helping him look good. i think we can engage productively on that basis. bill: i think we're seeing the tip of the iceberg in government controlled economy. it will get a whole lot worse, not better. john: russia is a big issue in this election, partially because there is an idea that black putin is trying to devil in our affairs. what would your posture be towards russia? gary: i would like to engage putin in a game of chess. i know bill would like that same opportunity. that said, we need to join hands with russia democratic likely to deal with syria. do we really want to go to war over the baltic states? it broke up -- the ussr. if you want to call it a civil war, i wouldn'