join us for president lula of brazil as we discuss the resource rich brazil. back in a moment. you're watching cnbc, first in business worldwide. >>> welcome back to the program. live from the clinton global initiative. french finance minister christine lagarde tells me she is not a fan of bigger government in business. however, when it comes to the financial services industry, it could be a different story, because the industry clearly needs more oversight post the crisis that we were all just involved in. today i sat down with christine lagarde and asked her how her country's recovering after the recent gdp growth we saw coming out of france. >> france had positive growth during the second quarter, and i hope we'll have positive growth again during the third quarter. so in many ways, we are out of the recession. but not out of the crisis. that's my take on our economy. because although we have positive growth, the economy is still losing jobs, and destroying jobs. and to me, the crisis will be over if two conditions are satisfied. one is, the economy creates jobs yet again. a

world bank that new supposedly everything when the crisis happened in brazil in countries like brazil now they don't know nothing when the crisis happened in the u.s. and so it's necessary for us to take advantage of this crisis and do things the right way to have... the financial system has to be regulated. we have to end with the tax havens and it's necessary that the central banks in the world should control a little bit the bank's financing because they cannot bypass a certain range of leverage and so i believe that today if you want me to be sincere, i believe that there's no other more... any reason for a g-8 group or any other "g." i believe that we should guarantee that the g-20 should be now an important forum to discussty t major economic issues of the world. >> reporter: brazil hasn't been badly hurt by the economic crisis. is that because you so heavily regulated your banking sector after your last economic crisis of the 1990s? and would you have other countries do what you did? should the u.s. do what you've done is. >> well, that's why, too, it's true, we have a financia

and brazil always has a relationship with the u.s., with europe. but in the year 2003, we made a decision that we should diversify our trade partners, and the trade relations. we could not only rely on our trade flow -- 30% with the u.s. and 30% with europe and not the rest of the world. we decided to diversify to south america, latin america, diversify our partnership with the african continent and go to the arab world. and india and china. and even brazil growing 20% a year, in terms of its straight balance with the u.s., we will continue to grow more with the other partners. this is very important. why so? because during the global crisis, we were not depending on only one sole country or one block of country. like mexico is highly dependent on the u.s. we have diversified in many different countries where we would export our products. what's even more important, our exports represent 13% of the gdp. brazil is not reliant on export, exports as germany is, or even mexico to the u.s. brazil has diversified. and this gives us much more safety. it g

the was a crunch in brazil and the rest ofhe world.sincwe have sound and solvent state oed banks, weave bank of brazil, the feral savings bank whichincentives and finance low ince housing, we have the national development bank that finance development project so we're muc moren a comfortableituation. and wn the crisis came, we stillnnounced a program that will construct one million uses for lowncome brackts of the population and we gave tax breaks for electrical appliances, ca,omputers, refrigerators a so the economy because of the tax breaks that had suffered thre or four months with e crisis i last march starte to recoup and now it's going very well. >> reporter: you toldhe bbc cently theich were responsible f this crisis, the blue eyed bankers. you weren't going to allow the blame the poor of the wld. what did you mean? doesn't everybody bme the bankers no mter what the eye color? >> ( translated ): tit i'm marrd with a woman that has blo hair and blu eyes. the problem that when i gave this interview, i was with goon brown, he was i

that's driving economic growth in brazil. as you know, this is one of the so-called bric nation, brazil, russia, india, china, showing growth in a contracting world. president lula is looking at that momentum and trying to drive it forward. >> we're very optimistic for 2010. i believe the brazilian economy can grow around 5% for the year 2010. >> now, of course, he doesn't necessarily want inflation, but he, of course, wants to see prices for those commodities rising. he doesn't, though, want to go back to the heady day whence we saw oil all the way up to $150 a barrel. he believes around $70 to $80 a barrel is just right. >> two years ago, the month of may, june, the oil went up to $150 a barrel. soya beans also went up. so all of the commodity, it was a bubble in the commodities in the international markets. what was that? what happened? that was already part of the investors getting out of the sub prime market and rushing to the future markets and the food markets and oil markets because there was no explanation for the oi

brazil's an economy that's a domestic story. as we look to brazil it's been a market that's up 65% this year, 105% in currency terms. the question is what's going to lead that next leg higher? and i think people are going to be surprised to see that banking, retail, housing are places you're going to see that. a huge number of deals. be careful. or feel excited. this is the real dilemma for the market. like markets around the world the ipo calendar in brazil is probably 20 billion between now and year end including this deal. so there could be some heaviness, but this is also bringing in new investors. i think this santander deal brings in crossover investors, brings in people who are looking at global banking and need a core anchor play in latin america. this will be a $45 billion company. this is not a small deal. this is a deal a lot of people would have to own. >> my question is if you were to buy something like this would you hedge the currency? what would you do? >> no, i wouldn't. and i think that obviously implied in the

she was discovered by sergio mendes and went on to sing for brazil '66. the first time in at their illustrious careers, herbert and lani teamed up together and it is called a& "anything goes" and here she is. >> ♪ daud you know you never can win ♪ i need to stop before i begin because i've got you under my skin and i love you under my skin and i've got you under my skin ♪ tavis: almost 40 years to gather accurate -- 40 years together. [laughter] the obvious question, what took so long? >> to do a cooperative project? we were both doing music purists -- we were both doing music. i was doing latin and herb was doing more jazz and producing. we did our concert with a sergio mendes to celebrate the 40th anniversary of brazil '66 in 2006 and a drummer, michael shapiro, was so excited that we did a few songs and he kept hounding us, why don't you put a group together, let's play together. and finally, we looked at each other and said, if not now, when are we going to do that? and we decided to do it. tavis: the condition sound right, as you just explain, to do

. >> and brazil day 2009. this weekend's festival. >>> right now at 11:30, vice president biden is predicting a health care bill will be done by november. because president obama recenters the debate. the president address add rare joint session of congress last night. he avoided specifics on what he wants in a health care reform bill but did say it should cost about $900 billion over the next decade. >> alcohol may be a factor in a crash that killed one and led to a man's arrest, happened in the westbound lanes of route 7 early this morning. a car sideswiped a dump truck, killing a male passeer in the car, then the driver ran away from his car. officers say he was arrested in the eastbound lanes about a block away trying to hitchhike. he's now been taken in to be tested for possible dui charges. >>> fare hikes and safety upgrades are two of the issues tackled by metro's board. members are meeting to discuss the agency's budget and capital improvements. planners want to replace the oldest rail cars which date

has brazil's future finally arrived? >> in farming, yes. we have actually four factories in brazil. we have a super distribution network and brazilian farmers are extremely professional and actually also making money. so that means the volatility comes a little bit with the c l culture, but in general, in farming, brazil doing very well. i think also in automotive they went to eth knowledge veanol ve. 90% of the cars sold in brazil last year were flexi-cars, using ethanol or any blend which is good news for farmers. sugar cane farming is almost exploding. >> martin, thank you very much. we appreciate you taking the time. >> thank you. >>> up next, a high stakes poker game being played by u.s. and china. at the ten of it all, trade, enormous implications for the global recovery. >> walmart, is breaking ranks retail industry over he can coverage. it is a model for the rest of america or a job killer? and the ceo of parkway body energy. we'll be right back >>> it's not surprise that during a recession, more americans go back to school. a lot of people would say can you teach entreprene

then when i joined brazil '66, kind of thought everyone could do wt i was doing.eryone could sing in portuguese. you justearned phonetically and you can do it. i did not realize there was se kind of gift there. until her startedeally saying -- until herb started reay saying, you kno you have your owstyl a lot ofeople do not have that yet. theyried to sound like somebo else. he started bringing th o in me. you kn, through self examination, through my own journey as a woman. i had to start lking at self and seeing, well, where are my rengths and weaknesses and w can i make myself stronger in t weaknesses and how can i really appreciate wt i cado? and that i how ievolved. tavis: you starte playing so young. >> a serdar plankinton whei was 8. it took awhile before you can -- i started playi when i was 8. it tk awhile before you can make any sense of a trumpet. when i was in hi school, had a trio called th fairfax tr. we entered the right talent a about zero a our little trio -- tavis: jt likehe oldchool " the idoamerican idol." [laughte >> i was like the trumpet in th

zalais' supporters are hoping the group of organization of american states could help and that brazil might mediate, but the current president has given that idea short shrift. >> the brazilian embassy should give him asylum or hand him over. i want to warn our friends in the red and black shirts we are not going to allow property to be damaged. >> brazil has called on the interim government in honduras to negotiate with mr. zalias and he himself has called for a new dialogue. >> my presence here is an opportunity to turn honduras into what the people want -- a society with peace, dialogue, and consensus. >> but with a curfew in the capital and riot police on the street, that consensus seems a distant prospect. bbc news. >> large parts of australia's east coast were blanketed in a thick orange haze. powerful winds blew dust into the australian outback and through the weather system into turmoil. our report from sydney. >> at dawn sydney woke to a sinister orange glow. a blanket of dust blanketed sydney which came to a standstill. the opera house and harbor bridge were almost lost from

the president of brazil on "closing bell." meanwhile, "fast money's" up next.hanks so much for being with us. we'll be back here tomorrow live from the clinton global initiative. have a fantastic evening. >>> this is cnbc.com news now. >> sales contribute to a 14% increase in quarterly profits at housewares retailer bed, bath & beyond. software maker red hat jumps almost 4% after hours. its profit beat expectations. wells fargo joins other big banks with changes in its overdraft fees to address criticism that consumers are paying too much. that's cnbc.com news now. first in business worldwide. i'm bertha coombs. "fast money" with melissa lee is next. >>> live for the nasdaq marketsite, this is "fast money." i'm melissa lee. what happened to our rally? these guys here ready to tell you why the bears top -- and took down this market in a late day sell-off. also tonight the power company ceo that's making headlines in the crusade for tougher green energy laws. plus, pete najarian the pit boss got your setup ina head of tomorrow's big earnings report from rimm. let

brazil, russia, india, china, and indonesia. why indonesia? >> well, i think we are the largest country in southeast asia, and we have been growing at around 6% up to the time of the crisis. even last year we grew at 6.1%. this year we are projecting growth at around 4.5% which is the third highest growth in 2009 out of all economies and we have weathered the crisis well. we've continued our reforms, and we are a thriving democracy. >> obviously, the thriving democracy gets a lot of attention here in the u.s. with big business. but the other thing that as of course you are well aware gets a lot of coverage is some of the instability and obviously terrorist attacks, bombings at the marriott and the ritz-carlton in the central business district in jakarta. nine people killed, 50 wounded. earlier there had been the ba b attacks just a couple years ago. is this just a part of how business is in indonesia? >> i think you should see the progress we have made. the democracy means there's stability and continuity in the policy, and we've been very, ve

brazil is one of them. we're looking at a tremendous deal calendar over the next few weeks in brazil. today sandara stating they're spinning out their brazilian entities. if you look at a number of the plays in the banking sector and brazil, which is still obviously your emerging markets. >> let's get away from emerging markets, because i don't have that much time. what sectors do you like in this market? >> i still think you're going to see a very good run in some of the commodity plays. i think if you look at, say, aluminum stocks, we've had a tremendous run. but you're starting to see the supply balance come back in favor. we're actually getting real sign of stainless steel demand in china, and some of the other components that will make this trade run. i think you've got, you know, despite an announcement on friday that potash is in a profit warning mode, that the ag plays are one part of this complex that have not done that well and you're going into the second half of the year you'll see seasonally st

it's really to see the huge opportunity that that brazil represents.we need to see it from a more fundamental level. which brazil today has 60 million families of which about 32 million, more than half, is really in the low-income segment. >> and that's where you focus. >> and that is exactly where tenda focuses. it's currently the only pure play player in this segment of low income, with more than 30 years of experience. >> some people in the u.s. say, low income, they get worried about, gosh, are you extending mortgages or loans to people that might not be able to pay them back. how do you answer that concern? >> well, first of all, on the contrary, low income have their only thing is that they want to do is to pay their debt. because they have their name to keep. so they don't have anything else. so it's their name, it's sacred. in brazil, there is 7 million homes in deficit units, in terms of units. and this is where the government is really sort of putting a strong program with $18 billion in funding to come in and construct over the next two year

be specific and ben brought it up i would rather be in china, india and maybe a brazil fund. neil: haven't they had their comeback? >> china had a big run up and fell apart. now it is going up. neil: i want to thank all of our panelists and we have david securities which leads to inflation and weak economy and who would imagine george bush looking like skruj. -- scrooge. david: so, only one crisis and spending too much money? >> one crisis is a priority crisis. i can tell you one thing we need to spend more on. you have people falling off the unemployment rolls because unemployment benefits are forno available long enough because we are not creating jobs. they should expand unemployment. there is spending we need. we need to prioritize the needs of real people. david: jack, he is talking about minister spending. >> now we have a welfare crisis. mike, i have to disagree. i think spending is a big problem. you don't have just huge budget deficits at the moment as well as public debt of u.s. debt. you have estimates growing every three months trillions being added to the estimat

allied with india and other large emerging markets like brazil.but in terms of asia as a whole, i think -- i do believe it will need to be a rebalancing story. the export model of asia has come under threat and i think it's going to be a sustained, threat, christine and those economies will do better. the problem with that lovely thesis, it's very hard to generate domestic demand when you're paying slave labor wages, which is what most of asia does pay, hence keeping cheap, cheap production and therefore cheap exports. >> a number more of viewer e-mails, phillip. p.j. writes in ses cadburies is no worse for you this time of morning than later. thank you very much. that was direct relations to seeing sweets roll across the screen a few moments ago. i do want to talk to you about gold too. i'm quite excited about this. it's not every day we have people bringing in real gold into the studio. let's get your thoughts on gold first. the rally we've seen in gold, is it viable? is it sustainable? let's see what you brought in, as well. >> people have got

. >> we placed her in brazil right after the crime. without going into a great deal of the evidence, the bottom line is, yes, this is a very winnable case. >> but as long as claudia remains in brazil, she will not face trial. the constitution there bars extra indicting any native born brazilian. >> we have raised her case on numerous occasions with the government of brazil and it's an ongoing law enforcement matter and i will leave it there. >> claudia remains there in brazil. her attorney reportedly says claudia was physically and sexually abused by her husband. karl herrig's brother says she should come back to ohio and tell that to a jury. >> i would like to see her in court and let the criminal justice system take its course. she will end up where she needs to be. >> in warren, ohio, steve brown, fox news. shepard: when senator obama was running for president, he promised to return transparency in government. when it comes to one of his biggest challenges tastes held as detainees at guantanamo bay. many suggest things are moving in

at least oneity in brazil remains unreachable as result of thedevastation. >>> in turkey, flash floods have inundatedections of istanbul. a city of some 12illion ople. flooding i turkey haslaimed at least 28 livesince monday with some of theead drowni inside their cars and from northern india, bad weather coupled with taditional waves has led toruel consequences. as a resul of the drought there some farmers have beenelling their wis to make ends et. it's beeneported that wives can beought for around $2. many of the women are thought end up working r prostitution rings. >>with president obama'sig healthcare speech the political debate here america has shted back to healthcare. so all thiweek we'll be looking at how health care works at other countries ound the world. tonight we any to china where the governmtrecently did away with universal healthcare i far of a syst that relies largy on publicpayments. as melissa chanwith al jazeera english reports from ijing, th has left a lot of people hopinghey don't fall ill. >> reporter: every morning these resints practice tai chi in the park. th

there are huge resources come on line or about to come on line in brazil and other places like that,eginning to change. we are seeing the oil sands become quite a big producer. >> the canadian oil sands? >> the canadian oil sands, yes, and you have seen a lot of big companies coming in there pledging a lot of money for development. you are seeing the market changed a little bit, and the other part of this of course is that finally after literally decades, congress passed a fuel efficiency law for cars, which is going to require car makers to make more efficient cars, and you are seeing more interestÑi n consumers' buying because of the last round of super high gas prices. i think you are seeing a lot of factors come together where there is some hope thereçó, and this is not just going to go on indefinitely. >> michele, finally michelle. thank you for waiting. what is the reaction that you sense from your colleagues and your readersÑi and your organizations with japan and the change in the governments in japan? >> with the relation to energy or in general? >> in general and in energy.

swinflu has hitouth america hard and in particular brazil. brazil is now reporng so 900 deaths due to the pandemic, more than any other untry in the world. according to the worldealth organization, the are now nearly 300,000 cases of swine flu worldwide with nearly 3,500 deaths. om hong kong today, there was some good news. at a meeting regional health ministers, the world health organition said that so far the1n1 virus hasot mutated into a more deadlytrain. hower, w.h.o officials are warning thathe pandemic ll hit poo countries especially hard at the united naons meeting in new york laterhis ek, those officials pl to k wealthy nations to contribute to a special fund fothe developing rld. >>> for the latest on the h1n1 paemic we're joined b our regular contributor when i cos to science, michael novacek, therovost of scien at the american museum of naral history right here in new york. good to see you again, michael. >> gooto be here. >> with winter just a few months awayn the northern hemphere, we've been hearing a lot of dire predictionabout

toarn our friends in the red and black shirtshat we are not going to allow property to be daged. >> brazil has called onhe intim government in honduras to negotiate, and hehimself has call for a new dialogue. >> myresence here is an opportity to turn honras into what the people want, a society with teeth and dialogu and consensus. >> but with a cfew in the capital and riot pole on the streets, that csensus sems a distant prpect. >> burglarie in southfrica have increased by 27%, and overall, crime is up, and the numb of murrs has fallen by more than 3 the figures comerom the test crisis is 6 -- the latestrime statistics. the threat om dissident reblicans,ho rioted for three nights last week shortly aer three people were jailed r plotting a rocket attack on a police patrol. the bulgarian ambassador of france is toe the next head o the united nions cultural agency. at least 270 migrants, manyf them minors, have been detained in nthern france, a police cleare out the makeshift camp own as the jungle. has been housing asylum seekers trying to smuggle themselves intbritain. there were some clash

zelaya's supporters are hoping groups may help and that brazil might media, but the current president has given that idea short shrift. >> the brazilian embassy should give them asylum or hand them over, and i want to warn our friends in the red and black shirts that we are not going to allow property to be damaged. >> brazil has called on the interim government in honduras to negotiate, and he himself has called for a new dialogue. >> my presence here is an opportunity to turn honduras into what the people want, a society with teeth and dialogue and consensus. >> but with a curfew in the capital and riot police on the streets, that consensus seems a distant prospect. >> burglaries in south africa have increased by 27%, and overall, crime is up, and the number of murders has fallen by more than 3%. the figures come from the latest crisis is 6 -- the latest crime statistics. the threat from dissident republicans, who rioted for three nights last week shortly after three people were jailed for plotting a rocket attack on a police patrol. the bulgarian ambassador of france is to be the n

at least one city in brazil remains unreachable as a result of the devastation. >>> in turkey, flashods have inundated sections of istanbul. a city of some 12 million people. flooding in turkey has claimed at least 28 lives since monday with some of the dead drowning inside their cars. and from northern india, bad weather coupled with traditional waves has led to cruel consequences. as a result of the drought there some farmers have been selling their wives to make ends meet. it's been reported that wives can be bought for around $240. many of the women are thought to end up working for prostitution rings. >>> with president obama's big healthcare speech the political debate here in america hasshift. so all this week we'll be looking at how health care works at other countries around the world.]gz tonight we go to china where the government recently did away with universal healthcare in favor of a system that relies largely on public payments. as melissa chan reports from beijing, that has left a lot of people hoping that they don't fall ill. >> reporter: every morning these resident

. >>> join us for an exclusive interview with the president of brazil. as we discuss the burst in prices in brazil, commodities higher, the real higher. we're going to get the president of brazil's thoughts at 4:00 p.m. >>> first, here's a look at the most highly traded stocks at the nyse. >>> welcome back. let's take a look at some of the day's research calls. the upgrades and downgrades on the day. first up, national semi conductor up today. that was by citigroup. raising its price in the stocks $23 a share. up from $18 a share. not doing much for the shares, as you can see. the shares right now are fractionally lower on the session. lp communications was down. the government starting to cut defense spending. ann taylor was down. because of valuation. ann taylor shares right now are up 40% just in the last two months. you can see that from this chart today. we're looking at a 4% decline. bob, over to you. >> joe is joining me from jw partners. a veteran trader over at morgan stanley. one of the things, i've known you many years, one of the things you a

. >> one of the fields of brazil has had a find, which is part owned by bg today. overall, the ftse 100 is moving a little lower. we're down by just about 14 points or so. but for the past few days, we've had new closing highs for 2009. now, a few of the stocks to mention, bg, as we said, is one of the biggest gainers, adding 1.8% at this stage of the day. the property stocks aren't doing too badly. hammerson is moving higher, by 2%, for example. barclay's, coming out with a trading statement and saying that they see market stability continuing in the property market. that was very much what investors have been looking out for in these recent times.> patricia, how is it looking in germany? >> it's not looking too bad. at the moment, we are down 0.4%. bmw is still the strong performer, reacting to an upgrade from the royal bank of scotland this morning from buy to hold. very bulis comments, indeed, from the ceo talking about the business, talking about the return in equity actually coming in in 2012 and talking about starting to repay funds earlier than 2012. the m

but you had to visit with him in brazil. the two of you had to be in brazil.the appeal stand at this point? >> the appeal -- again, that's the reason we didn't jump on a plane and fly down there because we knew something would happen, and that wouldn't be the case. and, of course, they appealed it, and a decision was made that shawn would stay with his brazilian guide until the final decision. >> and do we know when that decision is likely to be handed down? >> well, actually, i met with some consul officers, an ambassador from brazil, in washington last week as well as spoke to some of our government people and the attorneys, and they all expect their ruling sometime at the end of this month, by the end of september. >> do they have any sense of which way this is going to go, or are you tired of listening to optimism? >> i have to be hopeful. >> yeah. >> but optimism, i mean, until i'm on the plane with my son and those wheels are up and we're gone, then i'll be optimistic. but the indication is that from the brazilian authorities, we had the order from the b

china, india, brazil, russia, most of asia, they are all following us. affluence has made more mobility which is wonderful, and t way it has been, gm going to china and saying by our partner so it are at the crossroads where could the conventional order really could be different. that is a lot of what this book is about. >> y say there's about 1 billion motor vehicles on the roads today. the title of your new book, co-authored by daniel sperling, says "two billion cars." >> over the last 100 years, we have invented the car and fuel it with oil and we have grown now to a billion. in the next 15 years, we expect to double that to 2 billion. and that is the road that we are on. it is incredibly fast. >> why? >> for the sake of affluence and mobility. and right now the only technogy we have four mobility is a motor vehicle. spec where is the growth of? >> the growth is in china, number one. india number two. brazil and russia also. indonesia, really throughout asia, largely throughout asia. in america, we have one car per person. we're going to be replacing

and brazil, russia, india, china, have led to the top side. the rest of the markets are following suit. as long as you have that kind of environment, it does seem to be a good supportive environment for risk. >>> now, as far as currencies are concerned, you're looking at the where zil yan ream, what other currencies are benefiting from the dollar weakness? >> it's the diminished volatility. if we roll it to the third chart, what you can see is one-year implied euro is falling. falling back to the levels it was in '02 to-a 07. it's telling us the market is getting back to normal. that's helping all of these currencies. >> circle back to where we started, u.s. stocks, based on the charts and what you're seeing in terms of the technicals right here. what would change your mind, make you believe that the market has run its course? what do you look at in terms of those barriers? >> i think many of us would agree, the markets are still in for a correction in september and october. if some of these global leaders start to fall off commodities start t

. >>> and the president of brazil. what major steps he thinks still need to be taken to avoid a future financial crisis. >>> before that, the most active stocks from the new york stock exchange led by, as it often is, citigroup, bank of america, general electric, ford, select medical.  >>> citigroup downgrading coca-cola today. the latin american bottler for valuation concerns. the stock is higher by a half a percent, and not hurting shares of coca-cola either which owns about a third of that bottler. the soft drink giant announcing a commitment to increase opportunities for women in its african distribution network. maria bartiromo had a chance to speak exclusively with mr. kent, ask him why the move makes sense for coca-cola. >> the clinton global initiative makes perfect sense for us to support. it's straight in line with our vision, 20/20 vision, to empower career, support all the communities that we do business in every country around the world, more than # 00 countries. so it's a natural f

we know the leader of brazil and other contenders are going to be also in copenhagen. so, i guess i don't think this is damage control. i think that this is an effort to get it. i don't think it gets points for going, trying, and failing on either health care or the olympics. >> will this be seen as boosterism of the united states, an effort in one regional part of the country, chicago, to really sell the economy in this country? does it show he cares about jobs? my concern about this president has been that he seems to be out of sync with most people. he wants to win that health care thing. most people want jobs. >> well, most people do want jobs. i think this is boosterism but it's boosterism for america and i think it's going to be positive. >> thank you so much. susan page, tom defrank. join us tomorrow for nor "hardball." michael moore the filmmaker and troublemaker will be on this set where tom defrank is. "countdown with keith olbermann" starts right now. >>> which of these stories will you be talking about tomorrow? the health care crisis for americans, the cle

it included china, india, brazil. the former jean-8 has been replaced by the g-20. china's trade surplus and the u.s. deficit all had the leaders agreeing to work on it together. one issue that did not get resolved is big bonuses for business executives. france wanted specific limits on bonus pay, but the u.s. said they would not back it. the leaders still have to work together on an array of issues and agree that iran is one of the biggest priorities. >>> and now, some more details on our top story. french president sarkozy that iran has until december to let u.n. inspectors inside the plant or face economic sanctions. they already face three sets of u.n. sanctions for refusing to stop uranium enrichment at another plant. officials from iran, the u.s., russia, china, britain, france, and germany will meet in geneva next week. >>> osama bin lawton is out with a new audio tape, at this time he is threatening we're up -- europe. he says to stop working with the united states or face retaliation. the tape has not been verified. >>> a federal judge in denver ordered 24-

but a gang in brazil is taking that concept to an even more absurd level. of the night and brandishing enough automatic weapons... sledgehammers... and numbers to put a militia to shame... they tear apart the atm lobby of a bank. the crew works as noisily as they please... unconcerned with who hears them. after all, they have enough people and guns to detain any witnesses. the swarm dislodges their first prize... and easily maneuvers it to the entrance, where van number 1 awaits. meanwhile, the "b" team quickly gets to work knocking over another machine... without even an ounce of shame -- in fact, just the opposite. with the second score now ready for loading... it's all hands on deck. authorities believe most of the helpers were hired for a few bucks... while the ringleaders keep the bulk of the cash. by the time cops arrive, there's nothing but a huge mess and $100,000 in missing loot. thankfully, a tip leads to a raid on the group's hideout, where their arsenal is confiscated by authorities. now with police on their tail... their next big job could be a

in the upgrade in brazil only helps that story. watch these names they're going higher. >> ubs a little bearish on d.r. horton. the other side of that trade goldman that's their best name. d.r. horton if you look at what goldman's talking about there. that is a buy. >> let's move on-e get in a little bit of options action in here. of course you want -- 52-week high today. there was all that chatter surrounding a possible nokia bid. we also saw call activity up today following a very busy day yesterday. how do we interpret all this -- >> the last four days in palm it's not just been about the stock it's been about the options. it traded 200,000 the other day, traded another 150,000 today. options have been flying out of there like you would not believe. the stock also, the volumes are incredible. a lot of this is various chatter. i'll tell you one thing that has nothing to do with chatter. huge shortage interest right now in palm. this stock keeps going higher. 30% short. at least that's the last report i can find. that is also push

. >> i know you're very built up in brazil on the consumer story, as am i. what's the best way to do that? >> you know, i love the credit card processors. they're a little hard to get. you've got to buy them locally. you can buy cbd, which is the adr for one of the retailers there. or the bank. icub. we've talked about it before. it's a great way to play that emerging consumer, not just in brazil but across latin america. >> david, i'm going to try to talk a little faster than you if i possibly can. i don't think i can but i'll try anyway. the obama regulation plan, should i be concerned about china itself and the growth being restricted? >> no, you should not. what you should be concerned about there is if obama can't get something done the europeans are going to do something harsher. the reality is the chinese are irritated with the developed world because we haven't done anything a year into this crisis to change the compensation packages and regulation of wall street and the financial world. that's what they're focused on. obama better get something done

that means that countries like china, brazil and india would have a say on things like trade policy and bank regulation. >> by order of the city of pittsburgh chief -- >> reporter: police fired pepper spray and rubber bullets at protesters outside the bullet. they said some protesters threw rocks and broke windows. they arrested about 20 people. >>> everyone who wants the. -vaccine will be able to get it. that's what health and human services secretary kathleen sebelius announced yesterday. 6 million doses will be available in the u.s. during the first week of october. then 10 to 20 million doses each week after that. now most of the initial doses will be in a nasal spray. >>> vice president joe biden will get a firsthand look at the flooding damage in georgia today. he's going to see scenes like this near atlanta as people return home to a massive cleanup. nine people died in the state. president obama has pledged federal relief money for several georgia counties. for some people it's just a relief to get home. >> last night, dealing with a lot of it, i hit a point where i was like, i

you are in brazil you are in the neck of the woods. think it is completely true to say that the dominant trading partners with south america for 50 years have been in europe tied to germany based on the bmw hunb and you have another of european firms. we have a very strong connection with southeast asia. it is for that reason we have had longstanding offices. we had a european office and we had a japanese office. we strengthen that by putting a beach head into shanghai. our point to the chinese was that we don't have a problem, they had a problem. 30% of your experts are tied to exporting to the united states. about 3% are going in the other direction. if you are not investing in a place like south carolina, this problem will grow. we tried to make the pitch of them investing. we opened up an office in shanghai and the other office during this administration was an office in toronto. it is completely straight for to say you go where your strengths are. if you are in their neck of the woods and you can pick up something else, you do som

. >> is the hoping to hop a plane in brazil and open to catch the olympics in rio de janeiro? >> they say the money that would be spent to host the games could be better spent on city projects. that brings us to our water cooler question of the day. do you agree with critics that president obama should stay in washington instead of traveling to copenhagen in a push to get the 2016 olympic games? email us your response to watercooler@wbaltv.com maryland is already taking steps to reduce accidents related to distracting driving -- distracted driving. the new law banning writing or sending text messages while driving goes into effect in maryland tomorrow. experts say that is not the only problem. even handsfree devices can create a diversion. panels are discussing the possibility of a federal law. coming up, a japanese automaker is issuing the biggest recall in its history. how you can find out if your car is included. president obama bush's for health-care reform and the senate committee knocks down one option. the details are next. here is a live look at the belt way >> top of

it protects from people who bump me all the time. >> wendy: she's from brazil. much like new york or l.a., the streets are crowded. people bump you. >> i doen't want to get sick. >> wendy: the interesting thing is she actually wears this on the subway, at the beach, at the clubs. the pictures are showing. look at her. >> that's on the beach. i wear a bikini and this. perfect. >> wendy: let's see what happens when she walks through crowds in new york on a day when the president is here, the general assembly is meeting. this is -- what is this right here? >> this is my cell phone holder. >> wendy: oh, should have known. >> it's perfect! >> wendy: i appreciate you being here. this is your prototype. you're very serious about this, huh? >> yeah, sure. >> wendy: do you have a boyfriend? >> guys can send applications if you want. >> wendy: okay. we've got a clip of stephanie. of vivian. excuse me. let's take a look. this is what happens when she walks through the crowd. >> this is new york city. brooklyn bridge. people pretend not to see me. >> wendy: people are parti

. >>> in the news now brazil requested an emergency meeting of the u.n. security council meeting over the standoff in honduras. they have clashed with protesters outside of brazil's embassy where the ousted president and dozens of his relatives are holed up after returning to the country on monday. >>> the president of iran says he will seek leniency for three strikers. they have been held 50 days after they apparently crossed the border. however, president mahmoud ahmadinejad did not elaborate who what he meant by leniency. >>> a fast moving fire in california. flames torched 6,000-acres and the fire is expected to grow bigger today. they have no containment on the blaze yet. >>> we'll look at the year's best protest signs coming up in what's on the web. >>> plus, is any of the moisture from the rains down south headed here? here's howard with an answer. >> i will tell you to grab the umbrella but it is fairly quiet on doppler hd. we will break down the rain chances for today ante rest of the week when 9 news now returns. we are fourteenth in line for ta

. >> it was noted mike huckman in the lead-in here that brazil was upgraded.you look at the south african rand and brazil, the aussie, all of these other currencies around the world, not just those in the dxy, those are the ones really that are rallying and those are the plape