can you eu help? we have the personal representative on nonproliferation of mass destruction with us and richard wright. head of the coordination of the eu. welcome to the show. let's start with you on iran. it looks like no one has good answers. what can the united states and the eu do to solve the problem? >> i will not tell you any special secret. the eu and the united states have to implement consistency of the policies. we have to engage with iran and the united states and in the group of the three plus three to show to the iranians that we are ready to talk to them. we are showing our respect for the sovereignty of iran in the process and we have to stress that we are ready to discuss with iran any issue, including the security concerns. iran serves a place in the world and the region because of its size and history and its culture. we have to consistency make this point. we have to continue to work with other partners and convince other countries who are friends of iran to convince iran that th

to apples when you're looking at this company, including that eu charge. intel reports 7 cents. again, even with that eu charge, intel would only have missed its numbers by a single penny. nonetheless, that 18 cent versus eight centcom pair son is the apples to apples. you mention that had $8 billion revenue, substantially beating the estimate. and 51% on the gross margin, wow, the street was looking for 45%. the good news continues into intel's third quarter. a 53% gross margin. so we're going to see gross margins tick up by a couple of points at least compared to what the company enjoyed in its second quarter. the company is now anticipating $8.5 billion in revenue for that third quarter. plus or minus 400 million. kind of a big swing there but well ahead of the $7.8 billion wall street was anticipating. shares are rallying into this news. that will continue a rally we have seen recently. it's going to come down to more guidance as far as what this

an eu level. there is no sense beating around the bush on this. for u.s. businesses to do business inside the european union, and there are few of them do this very well, they will have to make sure that there regulators in the u.s. are people who can talk to the european union about matching up these credentials. thing is of course if they don't get matched up, it will be for each of state before or whatever, to impose their own requirements upon those companies. and we don't really want to be there because i don't think there should be any discrimination about this. if we get the match to work and we can talk to each other about this, and i think there should be no discrimination for u.s. companies. in fact, u.s. companies i believe as a result will be competitively enhanced by getting access to the market as a passport across all 27 countries. >> so it would be your conclusion that anyone opposes a federal regulator here in the united states would be in some way impeding their progress and comp

y por supuesto, el encuentro cara a cara entre manuel celaya eu y roberto micheleti ha sido el eventosibilidad surja un acuerdo algo muy remoto todavÍa y humo blanco de esta residencia desde donde nosotros regresamos contigo. >>> las negociaciones en este paÍs en costa rica mantiene en alerta a los hondureÑoos unos tienen esperanza otros no, hablamos de las expectativas que han generado el diÁlogo en honduras. toggqxvzkph@h@toggqÉ y la esperanza en que la mediaciÓn del mandatario oscar arias sea productiva >>> que cedan las 2 partes es importante esto y que dejamos sufrir los hondureÑos porque estamos sufriendo. >>> la expectaciÓn polÍtica llega a los acuerdos al que lleguen celaya y micheleti, en el partido liberal prevalece la idea de que este diÁlogo debe terminar con la disputa entre el ala izquierda y el ala conservadora de ese partido. >>> cuÁles son los puntos de aproximaciÓn >>> la paz, las elecciones, que ya estaba concadol proceso electoral, la vocaciÓn demasiado krablths s democrÁtica que se tiene que poner como anÁlisis. >>> el partido nacional en la oposiciÓn tambiÉn se

greece has been criticized nationally for its handling of would-be asylum-seekers, but recently eu just as commissioner said the uncontrollable flow of immigration pose a major threat to the equilibrium of democracy. >> this week they encouraged to return to their homes, about 2 million people left the region during the fight against the taliban, but many did not believe the taliban had been eliminated and were refusing to leave. >> waking up for the last time in a camp, the wave of people flooding down from the hills of the northwest frontier and the fighting goes into reverse as the tide changes as the government says it is time to go home. they are packing their tents and cooking equipment, as they do not know what to expect when they return. pakistan's on the force is used considerable firepower, including artillery to force out the taliban and many homes were destroyed. un agencies have secured an agreement that the return should be voluntary. in some camps, people are staying put while they argue for better compensation. there are also other concerns. >> this man says he wants to

australia has five years, japan six years, canada eight years and eu ten years.ay to my friend from arizona that in that ten years, they have price controls on their drugs. if we're going to adopt the eu model, let's adopt the price controls also on the biologics, too. otherwise you've got apples and oranges here if you are going to do ten years like europe, well, maybe we ought to think about the price controls also. so. >> is that an amendment that the senator is offering? >> anyway, i didn't mean to go on. >> i know i shouldn't have yielded to you because you said everything that i was going to say. but i wanted to reiterate the point suddenly this evening we hear all about europe. every major european country has a national health care program, which provides comprehensive universal health care to all their people. do we think that's a pretty good idea? >> i like that idea about europe. senator harken made the point that in europe, i don't think he made the point but the point to be made is that in europe, prescription drugs in many cases, i know senator mcca

there are a growing list of companies raised the charge that the eu's vigorous antitrust watch dog isng afoul of the protection for anyone in europe. because the companies argue that when the same body investigates a case, and then decides -- renders judgment on the case, that you're not even getting a fair trial. they decide to investigate and then she decides whether you're guilty or not. people say because the fines lately have been so big, in this case it was $1.4 billion, that would probably mean there was something criminal going on to be that big. in it's criminal, you need a fair trial, or at least most -- >> due process. >> yeah. you don't end up as an enemy -- intel is not an enemy combatant down at guantanamo. so a lot of these -- a lot of companies are taking the very strange notion of saying that their human rights are, violated. i agree -- >> that is an ingenious argument. >> intel is going to fight this, hard. >> wipe out their entire quarter profits. >> you've got a bureaucrat, the eu's practicing of -- practice of having a political appointee, she is a political appoi

eu. so we went for a risk based approach, a principle -based approach and an economic -based approach. this has been 10 years in the velvet with practically every industry that there was that the no insurance, in europe and from elsewhere. getting involved in consultations about getting the piecemeal issues involved and out of the way before him. now we have intimating processes, where the regulars will be allowed to introduce this on the ground where we will be guaranteeing and looking after policyholders interest far more than we ever could have done in the past. not in a piecemeal way, but in an absolute harmonized way. and i think we are looking at the best and the highest standard. i think i'm afraid, you know, i must correct the impression that was left with you that solvency ii's standards, that's not what we are saying either. what we are saying is we have got all the way in union and it matches the development that is happening elsewhere in the world. it is happening, it's happen

a recrd for a eu contry. madrid also has a smulus package aimed at fix-starting the economy. thepanish plan includes a public building program to aid the construction industry. but the intention is th the package shld also hlp put the rest of spain's ecomy on a firmooting. >> translator: in theong term, we hav to make sure the package encourages strong growth i spain. that will hapn if the stulus prram, not only encourages hou building but also invests in infrastructurefor example. reporter: in the short te, however, the outlook is bleak. forecasts say spain'sconomy will continue shrinking. in latviaass protests the ecomy is forecas to contractp to 15%. t country is on the verge of bankruptcy. its foreign debt hav more than tr since2007. and now standst 30.4% of gdp. but instead of stimulus program latvia's government has had to make drastic cuts. with the aim o avoid o flation and secung further ternational credit, the latvian governmen has cut back public spenng by almost 40%. schos and hospitals are being closed. andtate employeesade redundant. poverty's on the rise and pu

let's talk now to the eu development commissioner. i think probably promoted you. you are not the commissioner. but thank you very much for being with us. i think people listening to this, watching the some of yours, will be saying, this is the same old story, big targets, no action. >> well, i think that's a bit unfair. i think we do see progress. we do consider that recognizing the signs telling us that if we go beyond two degrees we will really face damaging consequences on this planet -- is a step forward. and taking the conclusion from there, as signs indicate, by 2050 we have to reduce very substantially our emissions, is really a step forward. you have pointed to the fact that you haven't made the same progress on midterm, but there is language on a commitment for mid term goals between now and copenhagen, and let's not forget the real confrontation are in the un context and will be concluded in copenhagen. >> usec recognizing the size of the step forward, but the size of been around for a long time. just everyone -- about everyone recognized the signs. not

across the eu, around 60 million are thought to be at risk. >> we made an estimation in the european commission that we have about 60 million people in the whole of the european union countries that need vaccination, the most vulnerable these 60 million, if they are vaccinated i think it is sufficient. >> a number of countries are adopting tough screening beard around 50 british schoolchildren on a trip to china have been quarantined. the u.n. says the virus is now unstoppable. bbc news. >> this is "world news today" from bbc world news. our main stories, 40 years on from the mean landing, the astronauts from the apollo 11 access to much attention is lavished on the moon. buzz aldrin and michael collins says mars is the closest thing to urge that has been found. the only surviving suspect in the mumbai attacks admitted his role. muhammed kasab pled guilty to 86 charges. india may soon get high-tech weaponry from the united states. u.s. secretary of state tell the clinton is in delhi meeting the prime minister. hoping to seal a defense pact that would boost arms sales and user monitor

to put pressure and for that pressure to be effective or cannery and the eu and other members of the courts had to do anything else at this stage? >> i think all of us are putting pressure, recognizing, of course, that israel must have guarantees of private security, recognizing that palestinian state cannot be bio unless it's economically viable. i think there's a general consensus amongst the international group that has been involved with this is going to happen and i believe that the talks that president obama has called in washington our import and i think that the batch has the potential of in the next foreign. george mitchell is doing a huge amount of work in the region and he has support as tony blair and efforts some one. >> one of the problems is gaza and the fact that there is a very limited access and some people said it is like they're almost like a prison in the sense that people, in and out and tony blair when you're speaking before massaleit committee a few weeks ago said that the businessmen have not been able to leave a gaza for several months until he managed to ma

a record for any eu country. madrid also has a stimulus package aimed at fix-starting the economy. the spanish plan includes a public building program to aid the construction industry. but the intention is that the package should also help put the rest of spain's economy on a firm footing. >> translator: in the long term, we have to make sure the package encourages stronger growth in spain. that will happen if the stimulus program, not only encourages house building but also invests in infrastructure, for example. >> reporter: in the short term, however, the outlook is bleak. forecasts say spain's economy will continue shrinking. in latvia there has been mass protests. the economy is forecast to contract up to 15%. the country is on the verge of tcy. its foreign debt have more than tripled since 2007. and now stands at 30.4% of gross national product but instead of a stimulus program latvia's government has had to make drastic cuts. with the aim of avoid of ñ÷6ee8 inflation and securing further international credit, the latvian government has cut back public spending by almost 40%

although it was a loss when you factor in the eu shakedown, what i called it earlier. i don't know if i'm allowed to do it after 9:00. but when you factor in the eu shakedown of the $1.4 billion, the company lost money, first time since 1985. >> strip out, forget about the -- >> what was better, but why does our company have to -- why does a u.s. company have to pay the e eu -- >> they do business with -- >> don't make me argue the other side. i agree with you. >> 18 cents a share. and 10 cents ahead of expectations. revenue fell 15% from last year but a big sequential gain. >> since 19. >> $8 billion as well above expectations. indell cfo stacy smith spoke with our jim goldman last night. >> our second quarter results and the outlook we've set for q 3 are reinforced the view when he a quarter ago, that we saw the markets, computer markets bottoming in the first quarter.. we saw improvement in the second quarter and expect to see it in the second half. >> intel getting as some arrivals, some just in the same business, sort of. a boost, too, like the shares of amd. and

not least the eu data retention directive, which gives european governments the power to demand that isps record and store details about any communication sent to and from their customers. it's a measure touted as a defence against terrorism and cyber crime - but many experts believe it's misguided. >>ferguson: it's very, very easy to be invisible online if you want to be. and the kinds of people that are planning terrorist atrocities are absolutely going to have done their homework on how they can do that. >>reporter: despite widely held concerns work continues in the uk to broaden out that legislation. reportedly, the home office is currently consulting on its interception modernisation programme, which will require isps and telecommunications companies to collect increasing amounts of data and make it availableto british intelligence agency gchq and its various authorities. >>stephens: my concern is that the access to that data will be uncontrolled. just as we witnessed with the regulation of investigatory powers act, that the number of authorities that can gain access to the inte

power plants and other industrialized countries in the eu will have to buy emission certificates to cover their complete co output starting in 2027. they claim that will add about 10 billion euros to total annual costs and that germany would lose business as a result. >> that was deutsche welle. for more on where the world stands on the issue of climate change and global warming, we're joined once again by michael novacek, provost of science at the american museum of natural history here in new york. good to have you back. >> nice to be here. >> let's take a step back. where do we stand? and are we making any real headway when it comes to this issue of global warming? >> well, i think there's a lot of effort being made. there's effort being made in going to alternative energy in many countries. there's efforts being made to curb our emissions. how much result that that has is another question. after all, we're already in the phase of global warming. the earth has -- the temperature has risen significantly in recent decades, so this is -- this is a big issue. and what the result will be we

the eu gets the money. consumers weren't hurt because consumers get cheaper and cheaper -- who feels like chips haven't gotten cheap enough? >> and the growth at intel was driven largely by consumer purpose chass. >> you know, mind your own beeswax, socialist. the whole thing -- but the one thing that we can talk about here in the states, the one thing that is worrisome is that the latest appointees over here kind of look to nelly, whatever -- is her name nelly? >> as in -- >> whoa, nelly.y. leave our companies alone. >> i saw that, too. wiped out the entire quarter. fantastic profit, drove it into a loss. >> yep, sure did. and which consumers -- but they don't care about protecting consumers over there. they care about protecting weaker rivals. >> there is an argument to be said that if you drive all your competitors out of business, then you can turn into a mon open listic thing. >> who, like golden? >> no. like -- >> intel is already a monopoly, right? 85% of the world market or something like that. >> a

are you concerned that the eu has banned the use of antibiotics in meet? and that that would be a great loss in the trade agriculture? >> i suppose it would but the point i think we're trying to make and i substantiated is at the use of therapeutic has gone up. >> therapeutic is fine, we don't want sick animals. the plant event -- of the preventative use of antibiotics, most animals are kept in some pretty awful conditions and that the disease spread so quickly among them between them that, yes, go ahead and to enact you are a mad lady. >> i am mad, i can help that. >> i appreciate that, i learned that and we've had some good discussions and i know that to come from agriculture country so you sound like to come from kentucky. but the study of ohio found the salmonella is in a conventional figure was 90 percent of those studies tested positive. we're taking this very seriously and i don't want anybody to have unhealthy food and nobody here does. we know that. we are spending a lot and doing a lot to try to improve the health of animals. one of the reasons i

we have the eu environmental minister on kyoto." he said "this is about the economy, about leveling the playing field for big businesses worldwide." steven, i have to tell you, there are times that i feel nuts for even thinking this, but you got to call a spade a spade. sometimes i think the people in our government are intentionally trying to trap us into this global government, because it's insane how they're thrashing our dollar. >> first of all, glenn, with respect to cap and trade, al gore is right. the only way this works is if you have global governance, where you have a global regulator and global taxer to police every activity of the economy in every corner of the globe. you know, right now, glenn, all the rest of the countries in the world are laughing at us. glenn: oh, i know it. >> they're amazed that we unilaterally economically disarmed ourselves with that vote on cap and trade. china and india now, they're licking their chops right now. they know all those jobs are going to go from the united states to china and india

erling, 1.629 eu/sterling hasipped back down to o .8582. >> hey, ros heren ia, a l lot of renew optitimism. we had gdp comingg out in singapore toto show the econono came out of a rerecession. thatat fled optimisism in the equity markets.. take a look at the japan eququi market for instance. fwanks t there takiking a nice y frfrom the on rall theshanghai markeketp 271%. the nikkeiei 225 u up 2.. th kospip .5%. the hang se, big winnener up 3.7% a the bombay sensexp 27.%. oil so seems to be recoveringng. nymex light sweetrude is up $664. and brbrent i trading up the 93 nts, $665 a barrel. scscott, how are the fures lookoking day? >> letake a looook ahead of thosee highlyanticipated goldman sas numbers out we'r're going to get a readn goldman bebefore t opopening of trade dey today coming off of yesterdas optimismic lead in the mararketon tt big merededit whney call. take a look a andyou'll see t t dodow is vtually fl, clearly ahead of a hoing pattern aheadad of those numbebers. tail sales and ppi, so we'll gea read onn inflation. e nasdaqq could be uer a little pressure day. ev though dell s

e e drt report isxpected to b bacd by eu fanan ministers today. and d thraft repeptt suggests there is stronong c ceoror changingng e exiing rules on funding needs. guy jojohnnn j jns us from londn with mororononhat's happenining there.e. the context hhe,e, as wellll ow, great skepticism atat the eueuroanan banksavave perhapss writittedodo the b bul of their proboble >> yeah. and that ishe issue over heree europe, erin.. seserv talking about it. e e bbnjnjted a huge aununt of m meyey into the european banking system. it just gotouou-trip straight ba to the ecb. th a are sitting onn it athehe moment. atat'saising spepecutiti these guysys a going too nd that liliquity at see point wnwnhe road as the economy continueueto faerero deal with t tic debtbt prprlem. ilill t the kinin of visibilili.. han'n't d the strere test you guys have had o ove there. we're morenn the dkk tn you gu are at theomomt aboututowow the banking story is delolopi.. i cacatetellou,thouough the banknks veveot a bidtoday. european marketsts trading upp lile bit today as yo can e.

>> you're increasingly seeing a consensus among analysts, industry officials from the eu, from the iea, producers, consumers, everybody talking about the fundamentals of oil being between $60 and $80 a barrel. the range is getting narrower and narrower and, you know, more and more people are pointing in -- because of the opec discipline, and gasoline has given some support to the market and there is some expectation that the distillate is start to go clear.r. >> do you think we might soon set up a ministry of oil? it sounds like we might want to get rid of the market completely. i don't know. but that seems to be the way they're talking. they're saying 60 is a price that's good for everybody. >> well, what we have to be careful about here is that the markets need to work efficiently. and for that, you need liquidity to be there. and if you enact regulation that it's not consistent with the way the markets work, that is going to damage -- >> yeah, no, i agree with you. we just seem to be leaning.g. what do you make of the oil dollar and the other correlation? >> well, i'm worried about

at his trial, arlington county judge dorothy clerk ruled there was absolutely noxc eus e for seuss toght the officer and, therefore, by law, is a dangerous dog. >> police officer was bit so we had firsthand knowledge of the issue. for the safety of the community, not just a police officer. >> do you believe he is dangerous. >> no. >> the sign on the front door says beware of friendly dogs. they are going to have to change that and post a warning that a dangerous dog lives here. but they are hoping to do everything that the law requires. and in order to bring seuss back home as soon as possible. >> seuss 'evener will have to register him as dangerous dog with the commonwealth of virginia by an insurance policy covering the dog and put a muzzle over his mouth when seuss is taken outdoors. >> a teenager from ocean city is in trouble for burning an american flag. over the weekend, police rebecca 18-year-old mckierey w afthe sas spotted burning a flag near the route 5e bridge. police say she lit the flag on fire and stomped it causing a number of cars to swerve to hdting her. the police as

of 49i-5's outer loop will be diverted ti-ohe t tndffic wl eus thee on cctoron nuneve ramps as a trdhierrdp ooo lut av elne la. la teraat pfflrnil wemnaiil tecgh ttouhr ouemptser.be e tha triim dve w dlil l not be aeo t tno on t tohe connector or to stop on those ramps. >>> transportation officials in virginia want to change a law that prevents private business from running interstate rest areas. right now federal law requires that the state operate all rest areas but some states have gotten waivers to get around the rule. the governor tim kaine and state transportation secretary want virginia to have the option to contract -- to contract private businesses. next week 19 of 42 rest areas are scheduled to close because they cost too much for the state to operate. >>> when we come back, a new chapter in history as the nation's tallest skyscraper gets a new name. >> new chapter of nationals history tonight as they start the second half of the season with their new manager. ryan zimmerman likes riggleman quite a bit. what does riggleman expect from his players during the second half of the seas

with pulitzeprize winner eu robinson of the ashington post" and "newsweek's"ichael isikoff.ng to y to hang onto that seat that rod blagojevich gave him wn maybe no one else would ke it. he seems to have recently survived t illinois legislature's inveigation of sorts into whether there was a kind of buying andaying for th and any kind of promises abt fund-raising. how do you read this at this poin eugene? it's a 71-year-old guy who certainly looked le whene arrid there was going to have some fun andling out this decadef his life there looked like something hwanted to do. but day he given up. >> yea roland, we hardly knew you. this is not -- you kno this was never going to work out very well for roland burris gen the way he arred in the senate, and i suspect soriends -- i hope some iends had the obvious foresight to tell m that. you know, whenou're appointed by rod blagojevich whenobody else will takehe job, you know, you're not going to ve a very smooth ride, and apparently he was -- he had thought about trying to go f a term in his own right, he wasn't ablto ise any money. y

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and iran's biggest bank, has a huge operation in rome that's really the major chrooinging house for eu trade with iran. so for these two countries, especially in the midst of a global economic downturn to agree to restrict those commercial ties would be a sacrifice. >> margaret warner at the g-8 summit in italy, thanks again. >> thanks, jeff. >> lehrer: in other news today, nearly 60 iraqis were killed in a series of bombings; another 100 were wounded. it was the worst violence since u.s. troops withdrew from iraqi cities last week. in the city of tal afar, 38 civilians died when suicide bombers staged a coordinated attack minutes apart. three other bombings tore through baghdad, killing 18 iraqis. two million pakistani refugees will be allowed to go home next week. they fled the swat valley region when an army offensive against the taliban began last april. the prime minister said today the valley is now secure, and basic services have been restored. in china, communist leaders demanded peace be restored in the country's northwest. president hu and members of the ruling committee issu

t outlook fo thdollar and what's t outlook for the euro and is the dollar going to weaken agait the eu. i think it very diffict to know thee theoretically the doar should weakennd not the least of rich whichis the deficit outloo we face. it should have been weaker in rent months than it has been. so i.... >> rose: why hasn't it? theoretically ithould have been wker than it has be. >> a, theollar is a safe haven currency in times of fare a al semi panic ople move into the llar. so it's had a safe haven halo around it. second, our current account deficit,he amount weborrow from abroad,ctually is going to come wn because of th this economic weakns. that been something that's been putting downwar pressure on the dollar and will p less wn war pressure on the dollar. third,interest rates have come down around theorld as low as ours. so usually an overnight bas people put money into t currency which pays th higst short-term interest rates, now they're out the same in the advanced countries s there's no benefit to being out of dollar from a sho-term return point of view. that's w the dollar ha

microsoft is trying to resolve eu antitrust charges. >>> an h1n1 virus diagnostic test made by qwest diagnostics has received fda approval for emergency use. it's the third such test that's received an fda nod. >>> and amazon shares are down about 8% after disappointing wall street with the latest sales numbers. i'm rebecca jarvis. >>> and there's a live picture of the floor of the new york stock exchange on wall street. modest moves for stock prices today. a quiet way to cap off a nice run for the s&p 500, which is up better than 8% in the last two weeks as we enter the final and most important hour of the trading day. hi, everybody. welcome to "the closing bell." i'm maria bartiromo. today coming to you from federal hall in lower manhattan, right across from the new york stock exchange. beautiful friday afternoon on wall street today. and we continue our series "summer on the street." the markets, you have to call this a victory after the huge run-up that we've been seeing. you do not want to get in front of this train. momentum certainly on the side of the bulls. more gains today.

. >> and to go off the eu and the results that would have been better!! if they had levied that -- >> they had a profit of 18 cents when you stripped out the fine. but when you added the fine back in, it turned into a loss of 7 cents a share. >> i want to get to jpmorgan, because goldman took off, and there is no reason to believe jpmorgan isn't going to do the same thing. their earnings out tomorrow. and you look at intel, and you wonder, is that going to kick off the rest of tech as well? it's starting to feel like a trend here. looking at a chart of jpmorgan. so what's the consensus? we think jpmorgan when it comes out tomorrow, thief got to beat, right? >> what some people are saying, but not the same thing as goldman. with goldman, it was straight-playing in the markets. jpmorgan has some consumers they're taking care of, too, if you have credit cards and things in there. but it's interesting to see these numbers. there is one analyst who downgraded their estimates early they are week, talking about those one-time charges the fdic special assessment.

so even the eu, it's unclear whether the eu is -- and auto ben fish of that wvb taun eers. they are berchb. >> i wish we had more. >> well wibt costs too much. we have to pay 90% of salaries for three years if they do get laid off. >> we've extended job benefits in this country. >> but you extend them to the point where you can't hire anyone because you're worried about getting rid of them, then there's fewer jobs. >> if we're not going to see anyone in this company -- well, revenue beat analysts pointing to -- actually, a lot of cost cuts and store glowsings by the fiscal giant. they talk about full year operating improvement of $2 auto basis pents. companies in general are '01. >> it's not '01, it's -- >> that would be 2010 -- >> the year 2010. >> yeah. i don't even know if starbucks will be around. >> we're still going to be on the show. working together. >> so do you feel like it's a testament to the power of the american corporation that they made these cuts, stayed profitable in this environment, or is it a bad thing that it's happening on the back of people that have

they've done it with private sector money and without any direction from the government or the eu whichis kind of surprising. in this country our industry, if you ask them have you done anything they're asking them isn't it fema's job or the government. in europe they've actually done critical financial centers, computer centers and some of your privately owned electrical grids they've done it all on their own. they made this decision to go forward again. i'm sorry, cliff -- >> no, it's a very important point. >> in fact, i just spent a couple days last week with a private firm in cumberland maryland who are putting in communication nodes that fit in a small trailer. this is private sector seeing a need, putting it together, ready to put it out on the market. so again, hey, we're americans. let's do some stuff from the private sector from bottom up. it should not just be wait for a government scenario. private sector should be doing this and, in fact, some banks are quietly working on this. so you'll still get your bills next month. [laughter] >> i don't know how they'll be delivered. a

are you concerned that the eu has banned the use of antibiotics in meat and that would be a great lossagriculture trade? >> i suppose it would, but the point i'm trying to make is that the use of therapeutic has gone up. >> therapeutic is fine. and we do not want sick animals. the preventive use of antibiotics, mostly because animals are kept in some pretty awful conditions and if the disease spread so quickly among them -- yes, go ahead. >> you are a very strong lady. >> i am that, i know. i cannot help that. >> i appreciate that and i have learned that over the past several years. we have had some good discussions. >> yes, we have progress and i know you come from agricultural company -- country. >> yes, i do. >> a steady at ohio state university found -- a steady at ohio state university found [unintelligible] the center for disease control in atlanta, we have the animal disease control theire. we are taking this very seriously. i do not want and healthy food. nobody here does. we know that. we're spending a lot and doing a lot to try to improve the health of animals. one of the rea

llegÓ corriendo, no quizo hablar con la prensa, se montÓ eú el escenario, empezÓ a cantar y hacer lo> alguien que llorÓ tambiÉn, pero de la emociÓn, fue nuestro querido eugenio. vamos a ver lo que nos dijo muy emocionado, sobre Éste homenaje de estatua en cera para Él y su madre. >> normalmente no soy una persona que llore fÁcilmente, pero sÍ se me hizo un nudo en la garganta con el tema, porque mi madre fue algo muy especial para mÍ, y estar aquí y verla, donde yo vÍ la tele mil veces en su cuarto, fue un poquito fuerte. >> con todo cariÑo, es algo muy emotivo, lo queremos un montÓn a Él y a toda su familia. >> Él no sabÍa por quÉ su otro hijo no asistiÓ. >> claro, nosotros vamos a coinuar desde houston y vamos a continuar y ver Ésto. >> para despierta amÉrica, mis saludos para mis s jaime jimena, marcela, lucas y paolo, gracias! >> aplausos! >> mucho entusiasmo, cÓmo andamos todos? escucha ese Ánimo tan sabroso y bonito desde la ciudad de hotuson. yo lleguÉ a las 5 de la maÑana y me encontrÉ a un charro mexicano, lo encontrÉ con su mamÁ. vamos a entrevistarlo, cuÁl es tu nombre? >>

the stadium is being transported into a concert vhoen twwn[éú]?çq> >>> updating our top stories. police say an elderly couple held for hours last night are now free. police were called originally to a jewelry store in leesburg around 11:30 this the morning friday after an apparent armed robbery. the suspect fled on o foot, broke into another home, and stole an suv from a young family before barricading himself in the home of the elderly couple. >>> several businesses were damaged late last night in rockville by a two-alarm fire. the fire happened just before 11:00 at the franklin office park. it has townhouse-type buildings. they say the fire damaged at least six of those buildings. >>> president obama just addressed ghana's parliament. he come employ michigan meanted them. he said they're a motto for other countries to emulate. >>> good morning. welcome to the 9:00 edition of "news 4 today." let's take a quick look at the weather this morning. steve villanueva has the weather. >> we do have a front heading our way, but that won't move through unt

ststerng/dollar, 1.61ndnd eu/sterling, .863639. chstine, good to see yy. w we d a mixeded f fish in asiaia. a lot of optimism, but a lot o pele are now cononrnrned about thth prpepect of a a global recovery. ta a a lkatat some of f th recovery. japan, th nikkeii225 falling 1.4% after t t j japeses yen ikikedo a fiveve-mthth hh agagait the dollar.. that pushshedhehe eororrs llow,, of course.e. in south korea,hehe kospi finished flat, ignororgg pretty much the ra decisioio o or lac of decision the central bank to leaveve r rat steadady in ts particicarar market. thth shanghai compositepp 4%. e e automakersoing wewell afr dadatahowed a surgege in autoo saleleanand eang seng is up 0.4%. th bombay sensex ispp .4.4%. oioiis driftd lower the last time we checked. ghght now, i iisis tradingg aro e territory of $62. right now,usus belowhahat at $61.03 abarrel. brent shshou b be trading wer, as well. $61.42, 99 cents highgh.. scott, howow are theutures lookining today?? >>etet's take a look, chrhrtitie certaiainl we were justst watch oil and you wereoming off better

premiere that takes place tomorrow. 10,000 cases of the swine flu have been reported across europe and the eu says countries must prepare for a second wave of infections. it could be more deadly. the health minister of sweden says there's a risk to the virus contagion spread quickly after the summer holiday. rick: one of the chief architects of the vietnam war has died. robert mcnamara was 93. he was president of the ford motor co. when he was recruited to run the pentagon by president kennedy in 1961. he served in that post for seven years. he revealed in his memoir in that by 1967, he had deep misgivings about vietnam, well publicly still expressing confidence that the u.s. could win. he later became president of the world bank. jane: we continue to take a look at these live pictures from moscow. we are awaiting the president of the united states and the president of russia. a joint news conference will get underway any minute. they are running a little late. they have a lot to talk about purity will want to stick around for this news. -- they have a lot to talk about. you will want to stic

>> he had very important in the eu. he sits on a number of hearing committees. so he is a man that knows what he's talking about. mull for some time when they had they happen our measures want if this is what they're tail r saming at, they can essential only 12 month to three to five-year prayings would be we're talking enof the market. try toy a meant xr cancer ecb. they pointed me to jean claude tree hey's last thoughts on this issue.e. there was a clear feeling in there because i was asked about this interview a couple of time. there is something stirring. >> sylvia, thanks for that. let's bring you up to speed with what's happening on the london market. we're trying to get five days of gains here. becky is with us. >> the ftse 100 has been strong this week and today we're seeing gains of about 30, almost 31 points. today, british airways is lending the biggest boots boost to the ftse 100. we're seeing gains of about 5.75%, in fact, in the shares of that company. they told uts this morning their rating $600 million pounds. plus, they told us that they are --

eu euro/dollar is back, nudged under 1.41 and the dollar is just under 1.64. >> hey, ross, good to see you. in the end, markets finished mixed. a time of the support came from the gdp from china. nikkei 225 up 0.8%. kospi up 0.8%. the shanghai composite, do down 0.1%. the hang seng up 0.6% and the bombay sensex is basically flat at this stage. scott. >> we're coming off a 3% gain and we're just a touch below fair value. perhaps that news that we read to you by the cit group, that is a large commercial lender that appears on be on the brink of bankruptcy, that could be having an impact on the futures right now as the dow is sitting 60 points below fair valuable. nasdaq under a bit of pressure, as well. take a look at the ten-year yield. not a surprise there, the 10-year yield at 3.57%. >> let's get a view where we stand with all of this. joining us now, steven edge with morgan stanley. the picture still seems clouded to me. we had this sort of recovery trade going on and then we decided that wasn't right. then we got a couple of earnings coming through. intel got everybody excited on th

eu euro/dollar, down 0.15%. >>> asian markets are mixed. yesterday's rally prompted the markets to take some turns today. the nikkei 225 was closed yesterday and playing catchup, up 2.73%. kospi is up 0.7%. the shanghai composite is down 176%. the hang seng managed to close flat. and the bombay sensitive down 0.5%. nymex light sweet crude continues to climb, $64.99 a barrel. and brent, let's see how that is trading because the last time we checked wibt was kind of in negative territory. still is. 18 cents lower, $66.26 a barrel. ross. >> yeah. so joining us for the next part of the best part of the hour is andy hartwell. andy, thanks for joining us. interesting. reading your june notes, we're talking about we might slide lower, bang, we're up at the moment seven days in a row here in europe. how long can this go for? >> we're traveling hopefully and i think there's every reason why you should. given the leading indicators as we've seen them, starting to point upwards and that following through so far this year, back up now by the second qua

news, merck shares have plunged in germany on disappointing second quarter figures, and news that the eu regulator have rejected its drug which treats lung cancer. the german group had a 42% slump in operating earnings after raising spending on medical research. quarterly sales were unchanged, though, borrowed by pick up in demand in its liquid credit talls unit. merck is sticking with its full year target for the year. >> amazon's second quarter profits fell 10%. but on the top line, revenues rose 14%. that was just shy of forecasts. results were hurt by weak sales of higher margin media products, such as video games and a legal settlement with toys r us. amazon is offering a wide range for third quarter results and that doesn't help. they're projecting sales growth of anywhere from 1% to 23%. amazon stock is up and fell more than 6% in after hours trade. at this hour, it's trading off nearly 7%. citigroup is nearly close to reporting diana taylor as a new member of its board. she is managing director at wolfen sohn & company. she's on fannie mae's board. she began her career at smith b

there is news that south korea and the eu tentatively reached a new trade deal. that announcement could come later today. that would spell good news for exporter stocks. costco operating profit falling to 91% because of lower demand from automakers as well. that was expected. in terms of the outlook, they said they are going to be raising their outlook target by 6% to 30 million tons. they're expecting global steel prices to rise slightly in the second half of the year. greater china region, hang seng down 2.6%. very weak performance for the heavyweight blue chips like ibc. china eastern airline back in trade again, doing very well. closing up 2.9% after it announced former details to take over shanghai airlines. back to bertha in the u.s. >> thanks very much. here stateside, it will be a chock-a-block economic calendar. we'll get reports on economic sales and housing. plus the minutes from last month's fed meeting. we'll start off with the treasury's monthly budget statement. we've got a full slate of earnings season with six do you have components and tech and