david mckenzie joins us with more on this. y if china wants to wean itself off those u.s. treasuries, they essentially have to change their entire economic system. that won't happen any time soon. >> reporter: well, basically the short situation is they won't be able to wean themselves off treasuries. $1.3 trillion, as you say, of u.s. treasuries, double that in u.s. assets. ministry of foreign affairs making a statement right now about this. china has been unusually robust in its criticism of the u.s. from a government level and from a state media level. spokesman saying u.s. is the largest economic power in the world. not just its own interest but affects the world economic stability. china we will comes the progress and development of resolving the matter. that's a quote from the ministry of foreign affairs. so, certainly the chaos in washington has proved an opportunity for china to point a finger at the u.s., at its apparent legislative inability to put through procedural votes to keep the world economy ticking over. but i

>> all right, david mckenzie, thank you so much. mark, you just heard david mckenzie's report.e to say if this default were to actually happen it would be ten times worse than the collapse of lee man brother brothers or is that right? >> we've never had a default before. nobody really knows. most economists believe we'll be very difficult because the financial system is interconnected. most based in some way on the u.s. treasury and u.s. dollar as foundations for the way the whole system works. you don't want to start unraveling that. >> i want to ask you about a statement that our own brianna keilar got from a senior administration official. one things he said trying to encourage this compromise to go on that thursday is important but not a drop dead moment. congress is working on a resolution. we're okay if things start to drag into next week, the house is still intransigent and messes around with another counter proposal that's going nowhere that the wheels come off. why were we told october 17th? >> i would say this about that. the date, the 17th is the date after which tre

more on reaction from berlin, and david mckenzie. and germany, have we heard reaction there?n asia, the rally fizzled out. >> reporter: well, if we start with markets, the dax reached a record high last night, despite the little on the news before it closed that a deal looked as though it would be struck. but the markets have really taken this in their stride in europe. investors are pretty clear, or say the markets seem to have shown that a deal would be struck in the end. they have had a very strong rally in the second half of 2013, and it was not really impacted by this talk of possible global economic damage, if the debt ceiling, and if the talks came to nothing. so the markets have taken it in their stride, i'm sure you can see. you will probably see a rally in the morning, but don't expect much from that. i think the view in europe of the whole discussion, what is going on in the states, has been a battle that this could happen in the u.s. huge damage in terms of america's credibility as a global super power, just as it damaged its credit worthiness as we saw from fitch

she left and it looked like it looked behind david mckenzie. >>> a rally for justice.streets of maryville, for daisy coleman. she said she was 14 when she was raped by a 17-year-old high school senior who plied her with alcohol. the county prosecutor dropped the charges citing a lack of evidence. pfls nearly two years ago. now a special prosecutor is looking at the case. kyung lah in maryville. >> reporter: the national media dedescribing on maryville. first physical gathering for protesters after social media fervor driven by online activist group anonymous under the hash tag, justice for daisy. >> this is a grassroots effort. there have been people throughout the entire nation that have been working to try to final some kind of solution in some way to help. that makes a difference. >> reporter: protester are energized. now that the teen rape case is being reopened. national pressure, it promised local politics would play no part. >> our review of this case would be without fear and without favor. >> key words for daisy coleman. just 14 years old. when she and a 13-ye

here's david mckenzie in beijing. >> new details have emerged that monday's dramatic events in downtowne been an orchestrated attack as authorities investigate the deadly jeep crash at tiananmen square, beijing hotel manager who did not wish to be named tells us that local police alerted hotels city-wide asking for help in finding suspects. who appear to be from the ethnic uighur minority. the police listed vehicles and i.d. numbers and said the suspects may have stayed in the capital from october 1st. leading to speculation of an orchestrated political statement. if it was an attack, it would be both audacious and highly symbolic. at noon monday, a jeep plowed through tourists and burst into flames. amateur video of the incident was posted on youtube. crash site itself was quickly scrubbed clean and as pictures emerged on social media, authorities quickly censered them and blocked internet searches on the subject. cnn's own reporting has been blacked out in china. the largely muslim uighur minority is centered in xinjiang province in the far west. there's a history of tension sometimes

david mckenzie in beijing live for us, thank you. >>> and with the deadlock in washington resolved, timeow for the blame game, just ahead, moderate republicans point the fingers at their own hardliners. and while some are being blamed, some will be praised for their role in the washington shutdown, like this man of the cloth. that story is also coming up. ♪ as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way, rethink how you're invested, and refocus as your career moves forward. wherever you are today, a fidelity i.r.a. has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go nati

david mckenzie, cnn, beijing. >> a new reality in china. how dangerous is breathing the smog?hat is causing this? i want to bring in chad meyers to talk about this. it is really extreme because lung cancer and smog direct correlation. and you've got millions of people here who they've got to stay inside now. >> the world health organization has already said that the people living in these cities will live five and a half years less than they could have without this pollution. it's going to take five and a half years off every man, woman and child. this is an average. these particles are in the lungs and stay in the lungs. even if you're wearing an n-95 mask which blocks out 95% of everything out there, you still get a 5% dose. we're at 40 times the level that is safe. wearing a mask doesn't even get you to the safe category if you are outsided in some of these cities. the good news is, this is going to get better probably in 1 hours or less. we're going to see this get a lot better. a cold front will come through and the air gets better. the air gets clearer. other than that,

david mckenzie has that. >> reporter: the pollution in beijing is bad today but in northeast china it'sty of some 10 million people to a standstill. flights have been canceled, the highway intotown closed and schools have been shut down. they say it's because the heating system, coal powered has been turned on in the city, here in china, they want a long-term solution to the problem of terrible pollution but there seems like there's no end in sight. kate, back to you. >> thank you so much, david. that goes under the category of terrible pollution. my goodness. >> when you put industry first and there's no regulation, they'll have problems. they're going through their own evolution there about how they catch up to where we are today. >>> we're going to take a break on "new day." are you tired about hearing about how the obama health care site is broken? we'll tell you why it's broken and what they can do to fix it. >>> check out this tribute to michael jackson. it's our must-see moment. you don't want to look yet, kate. [ woman ] if you have the audacity to believe your financial advisor

mckenzie. they can't talk when it hits the fan. they've got him up at camp david.g around all day in a line clock going, hey, are you david? thanks for having me? are you david? thanks for having me. and i tell you what, when they do spill benghazi, it's going to be him because hillary flipped a dime on him yesterday. did you hear that? saying he was a wooz about benghazi. >> let me set it up. if you haven't heard this, apparently there was an off the record behind closed door meeting with hillary clinton. she's raising money. she's going to run for president. and she dissed biden saying that he wasn't man enough to go after bin laden, which she was. >> diner talk with other people, he's a big guy who thinks he's big joe biden and question his manhood. i'll telling you, the person who is going to flip on her, benghazi when it hits that nomination, it's going to be mckenzie. >> you think so? >> went after his manhood. listen, a guy who fakes his iq on his college record, yeah. >> but you went after his manhood. >> i'm not running for president. i don't think i'm imp