my interview with imf chief christine lagarde, this is "andrea mitcll reports" only on msnbc. most of the pain i experience is in my knees. when i think of aspirin, i really think of it as that bottle in the back of my parents' medicine cabinet. finding bayer advanced was huge. i was really surprised by how well it worked. and i'd definitely use it again. put bayer advanced aspirin to the test for yourself at fastreliefcllenom manner you start your day... love you, too. ...thinking about what's important to you -- your family... ...the mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking th wt lity life we want you to think about term life insurance -- taking care of your family's future expenses if something happens to you. it's easy. we get to know you and your needs, then give you our best quote and our competitors'. you choose and save up to 70 that could mean $250,000 of coverage for just $15 a month. we offer plans with no medical exam, and we've been in business for over 100 years. call fidelity life. ♪ or visit fidelitylife.co

my interview with imf chief christine lagarde, this is "andrea mitchell reports" only on msnbc. most of the pain i experience is in my knees. when i think of aspirin, i really think of it as that bottle in the back of my parents' medicine cabinet. finding bayer advanced was huge. i was really surprised by how well it worked. and i'd definitely use it again. put bayer advanced aspirin to the test for yourself at fastreliefchallenge.com. >>> president obama's warning to iran satisfy israel and the critics of the president's foreign policy? joining me former ambassador dennis rob including iran in three administrations most recently the obama white house. he's a middle east diplomacy analyst for msnbc and with the washington institute. so dennis, what about the speech today and the criticism you've heard from dan senor that the president is communicating weakness and is almost taking the military threat off the table by privately communicating and signaling that we really, really don't want to go to war? >> well, i don't think he did that in today's speech. i don't think he persona

speaking at an event in washington, d.c., christine lagarde urged policymakers to take decisive steps to secure sustained economic growth. >> this time what we need is not just a bounce. we need a sustained rebound. sustained rebound. not a bounce. if this time is to be different, we need certainty more than uncertainty. and we need decision makers to turn into action taker. which will require courage and the ability to rise above the short term agenda of the domestic boundaries. >> meanwhile caterpillar has cut its earnings forecasts for 2015 citing a slower than expected economic recovery. it's often seen as a barometer for growth. and it warned of a worse than forecast drop in demand. and you can see shares after hours shedding greater than 2% in the u.s. joining us now is alan capper at lloyds banking group. there's plenty to cover this morning. and just keying off this caterpillar news, if there's concern about the health of the global economy, someone forgot to tell the credit markets. >> the credit markets have been tightening because there's been a big imbalance between demand

cheryl: the comments that we are just getting from christine lagarde.resting remarks. let's bring in ashley webster for more information on this. she made things very clear. markets today -- ashley: there is concern about greece again. christine lagarde also saying, look, you have to get your act together and soon. earlier today a video was released that time is now for action. do not let your guard down. let's listen. >> i see a tendency of losing the sense of urgency. short-term policies and long term. this must not happen. ashley: it looks like mister earns from "the simpsons." we have to get going. we have to get this banking union in place. angela merkel thanked do not rush it. we need to get it right. spain will be releasing their plan on wednesday. it could pave the way for a bailout. meanwhile, the turmoil in greece is starting to crank up again. cheryl: the journalists now on strike. it is becoming chaos. ashley: the three groups of credit lenders who go into these countries are starting to disagree among themselves on what to do with greece. w

and today, christine lagarde urged policy makers in europe to make sure another spark doesn't re-ignite the crisis. >> we need a sustained rebound, a sustained rebound, not a bounce. if this time is to be different we need certainty more than uncertainty. and we need decision makers to turn into action takers. >> reporter: again and again, european leaders have shown they follow dramatic breakthroughs by enacting them slowly or not at all. the latest example is a plan to create a european banking union. over the weekend, e.u. leaders clashed over how fast they should move to put reforms in place. >> it shows a little bit the contradiction of the european project. in many aspects and certainly financially and economically, it is one nation, it's one economy, and yet, politically when it comes to sovereign decision- making it is 17 sovereign nations coming together with all what that means. >> reporter: the european central bank is the exception. earlier this month, it announced an open-ended program to buy bonds which has reassured markets that the central bank will not let debt-heavy co

today to our peterson institute for international economics for a very special event in honor of christine lagarde, managing director of the imf since july a year ago. madam lagarde has obviously been playing a very central role in the management of the global economic and financial crises from its outset, from the prior position as minister i. manson rant and continuing of coors at the home of the imf. she famously attended some of her high school in earlier days here in bethesda. she is a lawyer by training, spent much of her career at a current mckinsey becoming chairman of the global executive committee and then chairman of their global strategic committee in 2004. she then joined the french government in 2005, originally as minister for foreign trade of them as minister for fisheries her brief time and then in june june 2007, just in time for the crisis to hit, she became the first woman to hold the post of minister of finance and economy of any g7 country. a rather notable milestone. she reminds me of is a couple of french men and a frenchwoman who can play a critical role in dealing with th

. >>> imf's head christine lagarde saying you cannot have it all at the same time.l, turns out some women can really have it all. you may just need a lot of money to make that happen. in tonight's top five, the highest-paid celebrity moms. number five, music superstar beyonce brought in $40 million last year along with her husband's $38 million. number four, supermodel giselle bundchen with quarterback husband tom brady only earned $30 million. number three, jennifer lopez, her rank might slip next year now that she's no longer earning $20 million from "american idol." number two, bethany frankel took in $55 million last year thanks to her numerous reality shows and skinny girl brand of drinks. now she has a new talk show. and the number one highest-paid celebrity mother, here's a hint. ♪ >> britney spears made $58 million last year, and she's now judging "the x factor." still to come -- britney spears. a down day in the markets thanks to protests overseas, and next the presidents of egypt and iran take the floor at the u.n. how obama is campaigning instead of leadi

. >>> in a speech, christine lagarde urged policymakers to step up and make clear what they're goinghelp the economy. blaming uncertainty over policy for the continued crisis. >> the number of factors are weighing the global economy down. at the center of them, clearly we see uncertainty. and certainty about what policymakers can and will deliver on their promises and this is having real effects. increasing divergence and a tepid recovery in the united states. >> she also called the cliff a threat. >>> it's been 417 days since the u.s. lost its top create rating. what are we doing to get it back? congress is doing nothing because they're not around. our third story, don't call it election day because it's now election days. all just a load of slight inaccuracy. chances are, you can vote now. by the end of this month, some voter frs 30 states are going to be able to cast their ballots in the presidential election. you don't even have to prove you're going to be out of town. voters in all but two of the battleground states are going to be able to cast their ballots without an excuse au

plus, the woman in charge, my exclusive interview with imf chief christine lagarde on the global financialring that glass ceiling. >> do you find that there are men in finance or in government who treat you in a patrozing way. >> oh, yeah. yeah. of cours >> really? >> tell us who. >> and the controversialal askeanyi fo the nfl on defense as outraged fans want to sideline those replacement refs. >> good day. i'm andrea mitchell live in new york today. the

. >> that's christine lagarde urging european leaders to take action and deliver on promises before thecrisis deepens. mark grant of southwest securities joins us on set this morning. and mark, you have been someone who has kept us up to speed on a lot of things behind the scenes in europe. you're just back from china. so why don't we start off with what christine lagarde is talking about right now. >> well, you're seeing a huge slowdown, the exports from china, the export there is japan to europe are almost -- you're seeing europe in an absolute recession p c recession. china is slowing down hugely. i project a 4% growth rate down from 8%. visiting with a number of money managers, they're saying i may be optimistic in my viewpoint. so you're seeing an absolute wall, if you will, in china. so you have two of the three biggest economies, european economy and the asian economy slowing. i think america by the first quarter 2013 will also be in recession. >> and yet the stock market has really hung in there with all of these problems, fiscal cliff, with anything you can throw at it. part of

. >> christine lagarde said uncertainty in the euro zone and the u.s. economy are slowing down the global economy. she also talked about the fiscal cliff and the political climate in the united states as well as the role of central banks. this is about 1.5 hours. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> let me will commute to the peterson institute of international economics. christine hildegarlagarde, fromr prior position as minister of finance in france and continuing at the home of the imf. chief famously attended some of her high school in earlier days here in bethesda. she is a lawyer by training. she spent much of her career at baker and mckenzie, becoming chairman of they are global executive committee and then chairman of their global strategic committee in 2004. she then joined the french government in 2005, originally was minister for foreign trade and then minister for agriculture and fisheries for a brief time. then, in june 2007, she became the first woman to hold po

christine lagarde warned that the u.s. fiscal cliff is headed for global economic growth. back with more after this. ♪ [ male announcer ] if you believe the mayan calendar, on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? ♪ >> i am adam shapiro with your fox business brief. world wrestling entertainment is teaming up with the who. they will have access to shows a day after they air. kellogg is expanding its snack business in china. they announced a 5050 joint venturer. the joint venture, which will be based in shanghai, will use the kellogg's and pringle brand. a great day the new minimum balance $723 a non-interest checking account. that is up 23% over the last year. that is the latest from the f

draghi and christine lagarde are both there. speaking of draghi, he's telling a german newspaper that europe is seeing positive results from the central bank's bond buying program. but the ecb president is conceding that he still has work to do to convince some in germany and says he could address lawmakers there. in other news, ecb is denying reports this morning that it is in talks on a spanish bailout. it is saying it is not. earlier today, a dutch financial daily said that the ecb was negotiating with the imf on a $300 billion euro rescue fund for madrid. the package would pave the way for the central bank to buy span, bonds to lower borrowing costs. in the meantime, greece is denying reports that it will need a third bailout. the euro weakened against the dollar on that report at this point, international inspectors are in the process of mulling handling over the next tranche. so we'll keep our eyes on that. >> corporate new, avo thin says sec doesn't plan on taking any action that led to a year long investigation that led

christine lagarde suggest spain and italy have taken enough action already to merit aid. the european union will propose a panel of experts, love experts, to deal with banking rule breaches. the idea is for this to be an extra layer of protection so that the ecb can't immoez its will on the banking regulator when the central bank takes over supervision of the central banks. the ecb is set to take over primary oversight power for 6,000 banks in the 17 countries that use the euro. and greece's political leaders are failing to agree on a package of spending cuts worth nearly 15 billion. they'll meet again wednesday evening. the cuts release of the long a wait loan installme installment. greece still has to play out. >> some of the nation's most powerful financial leaders are gathering in new york today. joining us now, the man putting the conference together. jason goldberg is senior equity analyst for barclays. thank you for joining us. i want to start with us. we have sheila bair coming on the program later today and then later in the we'll, we have a local host of other p

. >> christine lagarde of france is the first woman to lead the international monetary fund.ainy day account for countries teetserring on the elm of a economic crisis. these days, the crisis is in europe, her own back yard. >> the meltdown that first precipitated all of this? >> i would like to note that for the first time in the last six years, we have had a better summer and we have had a better september if i may say. so i think we need to keep that momentum. >> lagarde tomorrow over the imf after her predecessor, fellow frenchman, dominique strauss-kahn was forced out over a sex scandal. tall, imposing and chicly feminine in that french way, lagarde is known for her distinctive style, high fashion and functional. landing her in "vogue" magazine. portrayed in the hbo move by about the financial crisis, "too big to fail." >> you allowed it to fail. it was a horrifying mistake. >> behind closed doors, she is known for her straight-talking charm. >> even now with all of your power and prominence, do you find that there are men in finance or in government who treat you in a pa