to award the prize of scientific prizes in memory of noble to professor thomas j.sargent and christopher a. sims. >> the swedish academy made the announcement on monday. professors sargent and sims have together developed methods for better analyzing and understanding the casual relationship between policy measures and different macro economic variables such as gdp, inflation, employment and investments. >>> egypt's ruling military council has pledged to investigate the clashes between christians and security forces that killed 25 people and injured 300 on monday. the christians were protesting the interim government's response to the burning of a church last week. the demonstrations turned deadly on sunday with tanks driving into the protestors. on monday the military council announced on state television that it would ensure the violence did not recur. it pledged to set up a committee to probe the deaths and punish those responsible. the army is facing growing criticism that it responded to the demonstrations with excessive violence. political leaders of different parties met in the capital on

christopher sims won the award for their research on cause and effect in the economy. the developed questions for house economic growth and inflation are affected by policy measures, like a temporary increase in the interest rate or the tax cut. they did their work in the 70's and 80's, and it is now an essential tool for economists. >> economist christopher sims and tom sargent study how economic, political, and social shocks affect the economy. simmons does not have a quick solution to the problems plaguing the eurozone. >> my view is that if the euro is to survive if it will have to -- the euro area will have to work out a way to share fiscal burdens. >> the nobel laureate's did not want to make concrete suggestions, saying only some of their methods could be applied to the eurozone debt crisis. in stockholm, the nobel committee said the economists' work has become a mainstay in the field. >> this has become dominant in practical economic analysis all over the world. that is in both policy making and research. >> since -- sims did not say what he would do with the prize money, but with markets so shaky, he is not likely to change it soon. >> the slovak prime minister

a shot than we would for you. princeton university profester christopher sims and thomas sargent who is a visiting professor at princetonyou guys have quite a history together. as i understand it, you went to school together, you've that you taught together in the past. we know you work well together. as so many people look at the economy nowadays, there is a short-term and a long-term problem. i know you specialize in macroeconomics, but can you give us an idea, thomas, maybe in the short-term, what is something that could be done to give this economy a boost? >> so that's a very difficult question to answer. there's a lot of uncertainty now, both in europe and the united states about what future government policy is going to be. and probably the best thing politicians can do is quickly reach compromises and have coherent plans going forward. there are many ways that can be resolved. congress now is debating how big the united states government is going to be, how big the states are going to be. the sooner that's resolved, the better. >> so we need to have a little understanding, a little working together in washington

a nobel prize. thomas sergeant and christopher sims won the nobel prize for economics. the royal swedish economy of sciences recognizings the men for research how economic growth and inflation are affected by pollties with testimony rarin creases and increases for tax cuts t cuts. they did their research in the '70s and '80s. the economics prize is the last nobel prize to be announced this year. >>> turning to the weather. another warm afternoon ahead. tom kierein joins us with the forecast. hey, tom. >> why. one more day. enjoy. for many of you, you have the day off. congratulations. as we have had another wonderful morning under way. we have had our temperatures continue to climb. there's been quite a bit of fog out in the mountains and as far east as parts of the blue ridge and shenandoah valley but that's dissipating now and we have just high clouds coming over. right now 67 at reagan national. it is now into the low 70s. much of southern maryland. northern neck and the eastern shore. and farther northwest, 50s to 60s. but that fog continuing to burn off. the view f

thomas sergeant of new york university on your left and christopher sims from princeton studied how changes in government policies affect aeconomy. ♪ you can feel it all over ♪ you can feel it all over people ♪ >> steph vi wonder sings and president obama sends his congratulations to civil rights acaan. joseph lowry celebrated his 90th birthday with soledad o'brien hosting the big event. >>> political buzz, your rapid fire look at the best political topics of the day. three questions, 30 seconds on the clock. playing today pete dominick. lexus mcgill johnson, and cnn contributor will cane. first question, guys, a texas pastor who backs rick perry says mormonism is a cult. do 2012 voters care about the religion of their president? will? >> yeah, to some extent but the question is how much. i contend mitt romney's mormonism in particular won't count that much. i think the more interesting question is should it matter. you know, for religion to be so important as it is to people, for it to be our intellectual foundation, or philosophical bearing, how we make decisions, i don't know why we have exempted it from the conversati

christopher sims for their work in mack economics. -- in macro economics. sargent on the left earned his ph.d from harvard and held teaching positions at stanford and protestor of economics at new york university. sims is at princeton. >>> this morning netflix is hitting the rewind button on plans to split online and mail movie rentals. >> jane king live at the new york stock exchange with more on that and the rally this morning as well as the mad dash for the next iphone. you are busy this morning. >> a lot going on even though it is columbus day. about this napster thing it is called ter it didn't last long. netflix will not split its mail order dvd service from the internet streaming buy. it is going to run both businesses from a single web sigh, one account for the movie rental business. not sure how much better that will make customers feel. apple calling the iphone 4s its best launch ever. more than a million ordered in the first 24 hours. apple shares up 2 1/2%. netflix too. samsung and google delaying a new product introduction of android software for mobile phones. it is not the right time to release the product while the world was expressing tribute to steve jobs. u.s. say using a secret cord o

thomas sargent and christopher sims regarding cause and effect in macroeconomic. >>> and the senate holding al vote on president obama's jobs bill, but it's expected to get fierce opposition from republicans. house budget committee chairman paul ryan says the president foes his bill is doomed. >>> the occupy wall street movement is spreading quickly across the country. demonstrations breaking out in more than a dozen cities. in washington, one arrested in a pro toast outside the white house. police used pepper spray on those who tried to storm the smithsonian space and air museum. >>> and it's been over a week since lisa irwin was snatched from her crib in the middle of the night. the police are trying to raise community awareness. >> following developments, live in kansas city, it's been a week and this baby girl is still missing. the parents are talking again, or at least they're working with investigators. why were they not for a while? >> well, this is kind of the -- the part of the story that has really overshadowed the tragedy that is the disappearance of 10-month-old lisa irwin. on thu