joe: and daniel davies is with us. what do you make of this evaluation?t islooks to me like partly a panic move. it has to be seen in context of the gradual collapse of the shanghai compasses and equity values. we have seen statements going out that today i think they believe they have got misunderstood to control to allow the markets to find its own level. but really, what you have here level builtig that up in china, which everybody knew. they are knew that reasonably well placed to handle that, because they have a huge stock of reserves. that is the rainy day fund. and they have to go about getting those reserves into the private sector economy, another way to look at it, the chinese corporations and individuals have got a few tens of billions of u.s. dollar denominated debt, where will the dollars come from to repay that debt and to large extent, where they are now, is in the reserve accounts of the people's bank of china. how they canrds is and price atace which they supply dollars in exchange for other currency. we are seeing that over the course of

her ex-husband's attorney saying daniel just wants his kids. linsey davisabc news, new york. >> that's a complex situation. >> there's also a hearing on september 3rd in monaco. so people are saying it could be a dicey situation based how they rule there. ultimately, the big quell is could the state department be forced to step in if it's another country's jurisdiction versus here in the u.s.? >> our legal analyst dan abrams says it looks like monaco is going to have demand that the u.s. government abide by monaco's court ruling. again, just a sticky situation there. >> we wish them all the best of luck. be right back. advertise your eyes! supersize your lashes. new covergirl's super sizer mascara gives you 400% more volume. supersize. mesmerize. advertise your eyes. the super sizer. new from easy, breezy, beautiful. covergirl on more than just the trashcan. 99.9% of bacteria it's the "pungent gym bag stink" neutralizer. and the "prevent mold and mildew on the shower curtain for up to 7 days" spray. it's also the "odor causing bacteria" fighter. and even th