it is vital that the eu does not give up on enlargement. a europe that turns its back on turkey would have made an immense strategic error. it includes the updating of international treaties, of which the most important is the nuclear nonproliferation treaty, due for a major review conference in april and eight next year, possibly at the same time as our general election. i have given to lectures on what needs to be done to strengthen the treaty and the powers of the international atomic energy agency. i have discussed this with the new u.s. administration. this may well be the main opportunity to fend off the nightmare vision of the effective collapse of the treaty and the rapid spread of nuclear weapons, a nightmare which would see the middle east, the world's most unstable region, festooned with the world's most destructive devices. in my view, the current british government have been slow to develop ideas and provide international leadership on the reform of the npt, leaving it until the end of their third term to push any determined in

, but it does give us some insight into maybe how weak the eu's case really was. you'll remember that the eu did find that intel did abuse its monopoly, issuing a staggering 1 billion euro fine, 1.4 billion u.s. dollars. the ombudsman says the eu neglected to include in its report some possibly exculpatory information from a key executive who says that dell chose chips by intel not because it was pressured to do so but because they were technically more advanced than the offerings from advanced microdevices. again, this will not turn around any kind of ruling, but intel is appealing this case, and in its last quarter the company did book that entire $1.4 billion fine in its earnings, leading to the company's first quarterly loss in some 23 years. so you can bet that the findings by this ombudsman will be key in the ongoing intel appeal. melissa, back to you. >> jim goalman, thanks so much. for another take on the markets, let's turn to our cnbc investor network, a web cam connection straight from new york city. rick schottenfeld, chairman at schottenfeld group llc

five days of fighting ended in an eu brokered ceasefire after several hundred were killed and thousands were wounded. georgia's president mikheil saakashvili is speaking to his region. he is also holding a minute of silence. since the war, saw the city has become closely linked to russia -- south ossetia has become even more closely linked to russia. >> a show of force by the russian military as tensions mount. this is a long the defense still border with georgia. the russian president recently came to south ossetia to emphasize his forces will continue to defend this region. the russians have built up their military presence here over the last year with large amounts of hard worware. the leader told me this is the only way to prevent another georgian attack. >> georgia remains an aggressive state. we want to integrate with russia to have even closer ties. >> on the outskirts of the south ossetian capital, we found more evidence of the mounting cemented of relations with russia following the war. these homes and schools are all being billed as a present from the mayor of moscow. >> this

it is vital that the eu does not give up on enlargement. i european union but not all bosnia of will have a hole near its center. i europe that turned his back on turkey will have made an immense strategic effort. this also includes the updating of international treaties, which are -- the most important being been nuclear non-proliferation treaty, due for a major conference next day, quite possibly at the same time as our general election. i've given two lechers here on what needs to be done to strengthen the street and the power of the international atomic agency. proposals i have not discussed with the new administration in the united states, very much in line with president obama's speech in april. this may be the main opportunity to eliminate the nightmare vision of the collapse of the treaty, which could see the middle east, the world's most unstable region, festooned with the world's most destructive weapons. the current british government has been slow to develop ideas and provide international leadership on the reform of this treaty

and the eu. of course, those of us who are employees of ge know that well, and remember ge honeywell at the beginning of the millennium. there doesn't appear to be that divergence any longer. from what i'm hearing, eu and us are much more on similar tracks, and so there does seem to be an expectation that once you get hsr here in the u.s., you will, in fact, see the eu follow with an approval. not too long after that. that being the case, in the eu, it is a different process, it's an administrative process where you need to write a decision for something to be cleared as opposed to here in the u.s., where they simply do nothing. the effect of that is it takes longer. we'll see. but it would seem that before the end of this summer, or certainly by the end of september, may have oracle officially owning sun micro. erin, back to you. >> the hair lock is back. and that means all is right with the world. >> the what? >> david's little hair lock. >> oh, that superman like forelock? >> yeah. >> we're ch

eu. so as we follow through.you could follow through with what you were saying before, just a little bit further on how you could possibly see all of us. this will be difficult. each state, we all represent, you know, we represent our districts, but we actually represent our state so what goes on in the state is going to come to us, and then they will put the issues in front of us as we fight for the regulations that are going to come down. i mean, they are going to come down. anyone who thinks that they are not is not a wake in the real world. we cannot allow or afford what has gone on in the last year and a half, two years to happen again. if you could follow through with that. >> thank you very much. i do think that we are dealing with multijurisdictional districts, regions, countries, states. and you are right, it is how do we harmonize. had we get the rules to get the best safety for consumers. how do we help companies expand capacity to areas where they have been offering insurance before and at lower rates

. >> the question came up is the united states and the eu, should they put more sanctions on myanmar after the situation with aung san suu kyi's conviction? my view is that we don't have any more sanctions to put on myanmar. i think we need a new approach. >> webb says he plans to meet with secretary of state hillary clinton to talk about his myanmar visit. >> the question came up is the united states and the eu -- should they put more sanctions on myanmar after the situation with aung san suu kyi's conviction, and my view is that we don't have any more sanctions to put on -- on myanmar. i think we need a new approach. >> again, he hopes to be meeting with secretary of state clinton in the coming weeks. >>> now the latest in the political battle over health care reform. is the so-called public option dead? the white house is sending mixed signals today. conservatives are pleased and many democrats are concerned. what does it mean to your health care? steve handelsman has the latest now from capitol hill. >> reporter: president obama did not mention the public option today as he talke

we're going to get the eu whole number coming out in a while. the ftse 100 up 0.8% as well as the xetra dax. cac 40 up 0.7% and smi up 0.5%. what happened this morning, the growth dmeft irk numbers up 0.3% in germany. it's down on a comparative basis, 7.1% less than where we were standing for growth a year ago. but quarter on quarter, it was positive. that helped the euro extend some gains against the dollar this morning. euro/dollar up to 1.4245. dollar is firmer against the yen and sterling rebounded, as well against the greenback. >> those upbeat comments from the fed gave markets here enough region to cheer. markets gaining higher in asia, for instance, the nikkei 225 up 0.8%. the kospi marginally lower. shanghai composite up 0.9%. hang seng up 2.07%. this market tracks closely what happens in the u.s. and the bombay sensitive 30 index up 2.5%. crude oil seems to be getting a lift on the upbeat comments coming from the fed. nymex light sweet crude up 86 cents, $71 even, and brent is putting on gains on hopes demand will pick up, $74.20 a bar

taken as a whole, the eu economy continued to shrink, according to official figures published today.or economies such as britain pulled down the european average, contracting by .8 of 1%. but lithuania is in a league of its own, posting a gdp loss of more than 12%. the tiny baltic state was hit relatively late by the economic crisis season seeking to ride out the storm. some bourqworkers have seen the wages reduced by as much as 50% and the government has also raised taxes. >> to assess how fast the world is rebounding and to analyze what it is meaned by the united states, we are joined once again by one of our regulars, roben farzad, a senior writer with "businessweek." always good to see you. >> thank you, martin. >> but especially today because we have positive news. let's start with germany. how significant is the second quarter growth in germany? after all, it is the largest economy in europe and whatÑi do it mean for our own economy? >> it's pleasant. we'll take whatever good news we can get but more power to them. it doesn't mean all much to the rest of the global economy. >>

indeed, it is our criticism of the youth defense arraignments -- eu defense arrangements, and just calling something european does mean -- does not mean it enhances europe's ability to act. does this background of a decline in our relative economic base and severe constraints on our military capabilities mean that we simply accept a much diminished role in world affairs? the united kingdom has engaged timbale for in major axe of the strategic shrinkage, such as the withdraw from the suez canal. yet the conservative party answer to whether further such shrinkage would be right for british international role is no. true, as a nation we will have to accustom myself to being -- to more situations that we do not dislike. it is our contention that britain must seek to retain our influence wherever possible and in some places seek to extend it. we must not disconsolate nly ceased to make the effort. the british national interest requires our continued fully active engagement in world affairs, since all the threatening factors i have listed of a threat to the interest of this country. no other nat

it is our criticism of eu defense arrangements that they too often involve the duplication of data structures. just calling something european does not mean it has enhanced europe's ability to act. does this background of a decline in our relative economic base and severe constraints on our military capabilities mean that we simply accept a much diminished role in world affairs? the united kingdom has engaged before in major conscious acts of strategic shrinkage such as the withdrawal from east of suez after 1968, but the conservative party's answer as to whether further such shrinkage will be ripe for britain's international role in the decade to come is no. the nation will have to accustom ourselves to there being more situations which we dislike but cannot directly change. it is our contention that britain must seek to retain her influence wherever possible, and some places seek to extend it. we must not cease to make the effort. foreign policy is about the protection and promotion of our national interest, and even narrowly defined, the british national interest requires our continued, fu

>>reporter: at the recent european leadership forum however the eu commissioner was quick to point out that feminine thinking, although beneficial, is not just a female trait. >>kroes: the feminine approach, is not only familiar to quite a number of women but also to a certain amount of men we need to be aware of that we have to be quite open in how we how we want to tackle the problems of today. >>reporter: but that can swing both ways, as george cooper points out in his book the origin of the financial crisis... according to him not only men but at least one woman was responsible for the meltdown. >>cooper: one of the criticisms that is now starting to be discussed is that a contributor to this boom bust circle was the deregulation that was enacted in the eighties. and the two people who really drove that forward were ronald regan and margaret thatcher. i don't think it is a male female thing, i think it is inheritable to all people. >>reporter: in the end... greed and irresponsibility are likely to play a bigger role than gender. but it has certainly raised the issue. >>herbert: one

. >> a eu form 998, a health certificate. the pet must go see a veterinarian within ten days of travel to certify that they're free of ticks and parasites and any communicable diseases. >> it may not be easy to just get up and go, but your pet owners like barbara say it's well worth the effort. jamie costello, abc 2 news. >> and some forms of travel are still difficult in the u.s. the majority of pets are not permed on most buses and trains. however, in europe that's not the case. a final look at the forecast when we come back. >> watch abc 2 news any time on channel 1 with comcast on demand. this is more than my easy button. it's my "save-so-much-on- his-graphing-calculator... look. i made it say, "booger." ...i-can-get-him-a- math-tutor" button. (announcer) staples equals savings on everything for back to school. staples. that was easy. gathering dust, as pollen floats through the air. but with the strength of zyrtec ® , the fastest, 24-hour allergy relief, i promise not to wait as long to go for our ride. with zyrtec ® i c

tossed him off a boat because he didn't know what a b was 6-year-old teddy got in and learned to sao*euwhen a photographer asked a newly elected body to step back at a press conference because he casted a shadow on his younger brother teddy said it will be the same in washington. the resilince of his spirit and humor saw teddy through more pain and tragedy then most will ever know. he lost two siblings by the anal of 16. he saw two more taken violently from a country who loved them. he said goodbye to his be loved sister eunice in the tpaoeuplt days of his life. he narrowly survived a plane crash, watched two children strug well cancer, bury three nephews and experience personal fails and set backs in the most public way possible. the stream of events that would of broken a lesser man. it would have been easy for ted to let himself become bitter and hardened. surrender to self pity and regret. to retreat from pub lib life and live out his years in pleaseful quiet. no one would of blamed him for that. that was not ted kennedy. through his own suffering kennedy became mora live to the pli

on the ground, we have all of the international organizations you could want from the un to nato, to eu, the world bank, the imf and nongovernmental organizations, and afghanistan will be solved by a better coordination of these elements. the troop strength is an important piece of it, and my message to general mccrystal and to the commanders when i went there was to say, think about the total strategy that we have all agreed to, general mccrystal is conducting an assessment at the request of secretary of defense, they -- the defense department will evaluate what general mccrystal has to say, and in due time it will come up for a decision by the president. but i did not say, i want to be clear on, this i did not say that troop strength is off the table for discussion. what i did say is that we have yet to be able to measure the implementation of the new strategy, so if you have recommendations make it in the context of the new strategy. we have learned one thing in six years, this is not just about troop strength. >> well, but that sounds like you are getting us ready for sending more t

he was disappoint hi when it was the as pw*eus big as a storm. >> i don't think anyone wants to be named. >>> scattered storms, and cooler temperatures other cross the midwest. >> chilly in the east with highs in the 70s from boston to baltimore. much higher out west 90° near salt lake city -bgs sacramento , sacramento and al be kerbg aoefpl. >> reaching germany's highest peak on a cable car line. look at that. it took less than an hour to walk the cable. that makes me sick looking at it. no safety harness involved. a incline of 66%. >> he used the climb for a great cause. he raised about $20,000 for a school probably equity in ethiopia. >> only 20 grand. that's worth a couple million don't you think. >> next time around, maybe. 66°, i guess. >> geese. geez. >> we will be back with more in a moment. announcer: world news weather brought to you by: >> two fire fighters were killed near los angeles with their vehicle rolled off a mountain side. >> they were fighting a fire, we now have coverage from abc 7. >> this is eyewitness news in high definition with breaking news. >> breaks news, fi

is the eu increasingly divided?f you're just joining us in the united states, welcome to the start of your global trading day with "worldwide exchange," broadcast live from the u.s., asia and from europe. in the u.s. right now, we have the futures pointing to a slightly higher open in about 4 1/2 hours time after the s&p 500 closed yesterday at its highest level since last fall. yesterday we did see the yield on the ten-year t-note hit its lowest level since the end of last month on the back of a successful government auction of $15 billion worth of 0-year notes. this morning, we have the yield on the ten-year note ticking in at 6.3 %. becky. >> let's take a quick check on some of the data which is coming out. first of all, let's check on the cpi data. euro zone cpi down year on year. the reuters forecast was for a decline of 0.6% year on year. we'll come to a bit more on that story later on. let's check on the ftse cnbc global 300 index. we are looking at 0.1% higher on that account. let's take a look at how that t

the high definition shong eus what happened, all of it i was is going well off to ithe east. ti had orf a time some of the counties under a thunderstorm watch, but most of it cancelled earlier. the strongest of the activity, g in. pe ursshatofht h pressured temperatures are cooler, last hour we were 88 here, now 82, leesburg is 83. and tomorrow we're under a heat advisory for just about everybody. could feel like it uiis about 1- 103 with the heat of the day. high temperatures tomorrow will be in the upper 90s for just about everybody. but again it is what it feels like that is so so important, we'll have more. >>> and just into fox 5 news news room, a developing story related to the heat. several d.c. firefighters treated for heat exhaustion, these firefighters after a fire started, it was quickly knocked out. no injuries, the firefighters are all expected to be okay. more details as we get them. >> well, no matter where you were today in the area tonight. odds are you were looking for an air conditioner or something cold to drink. it is not just about being comfortable, thi

what about the eu, bt what about great britain and france? are they buying in to that as well. >> in certain capitals and countries there is a commitment. the u.k. has stood by our side, iraq and actual, suffered casualties, the canadians, the dutch and now even the french. but of course 28 nations in alternate and where are the rest of them? that's a big question. political decisions are hard decisions but they have to be made because this is not a u.s. problem. it is an international problem. >> looking to the book, again, leading the charge, leadership lessons from the battlefield to the board room. you say american leadership currently lacks the ability to bridge the evolutionary gap and detail the qualitities necessary for the leaders of tomorrow. now, you were writing this it seems at the end of the bush administration looking at the debate going on for the stimulus program. you must have been typing at the same time. it was incredible. you say the old ways won't work anymore. that a leader has to be relevant and adaptable. >> yes. and

. >> reporter: china and russia continue to trade with myanmar, despite sanctions by the eu and u.s. u.s. policy is being reviewed. senator web was not in myanmar in an official state department visit, but rather as an independent senator, he clearly has the ear of secretary of state hillary clinton, reporting directly to her on his rare encounter with myanmar's generals. cnn, bangkok. >>> billboards are asking the question, what happened to these women? but the bigger question, are they the missing victims of a serial killer? who do not refill their prescriptions on time. readyfill at cvs pharmacy automatically refills my prescriptions and reminds me to pick them up. you mean, reminds me to pick them up. [ chuckles ] stop by your local cvs pharmacy to ask if readyfill is right for you, and get a $25 coupon book. readyfill, only at cvs pharmacy. with cialis for daily use... a clinically proven, low-dose tablet for erectile dysfunction you take every day so you can be ready anytime the moment is right. tell your doctor about your medical condition and all medications and ask if you're

-eu clearing out the underbrush, that can lead to broader initiatives? >> those are great questions and we will answer them in subsequent meetings. this is my libertarian antenna out about trusting any government. i do endorse very much your point that this has been a great panel and please join me in thanking them. [applause] >> our coverage of town halls continues tonight with kevin brady. he heard from constituents earlier this week and we will show that meeting tonight. here's a preview. >> here is the bill. 1018 pages. it was given to us on the ways and means committee. this was given three minutes before midnight and we were asked to vote on it at nine the next morning. 1000 pages. no price tag to it. most members had no clue what was hidden in that bill. what brought it home to me was that two weeks ago, we met with the leaders of the texas medical center in houston. the largest medical center in the world. it sees 160,000 patients a day. some of the brightest minds in our country and their message to us was, we have no idea what is in this bill.

the eu hasn't stepped up. eastern europe does not have the money. i think in global coordination has been serious for a long time. i think it is even more serious now. >> i strongly agree. one of the problems is that as the world has gotten a more integrated the bang for the box, how much stimulus he did at home is much less because we have become a more -- more of our income we spend abroad. and that is true of every other country. so if they look at this each from their own point of view there will be a tendency not to have a very effective stimulus. the prime minister of one country, very small country, said why should we have any stimus package? all of our money gets spent. almost all of our money. we have no multiplier, as we say. so he announced that they were going to be a free rider. a moment of honesty. but there is an aempt in some sense of many countries to be partially a free rider. one of the country's -- one of the interesting aspects of this very different view in europe than the united states is the recognition that among the innocen

thely, an-- it will hinter turk's efforts become that lear, becomehatridge between east a west join the eu becse human rights remains one of tha country's immedia problems. i see the very much. this is about dealing with minority populatio and dealing with eality and democracy, and until you can acknowled your past properly, it's hardo go forward. >> ros thank you for comin. >> tnks for having m. good to be ba with you. " trsplanted by peter balkian. thank you for joining us. seyou next time. captioning sponsed by rose cmunications captioneby dia access group at wgbh access.wgbh.org re

. >> the question came up, is the united states and the eu, should they put more sanctionsn myanmar after the situation with aung san suu kyi's conviction? and my view is that we don't have any more sanctions to put on myanmar. and i think we need a new approach. >> webb says he plans to meet with secretary of state hillary clinton to talk about his myanmar visit. >>> there's been speculation for months, but it is official now that u.s. senator kate bailey hutchinson wants to be the next governor of texas. she made this announcement this morning. the senior senator from texas will square off in the republican primary against rick perry. hitchenson says perry has been in office too long. >>> coming up, a massive wildfire continues to burn out in california. we'll update firefighters' progress. >>> we'll tell you about a cameraman swept away while shooting video of a typhoon aftermath in taiwan. >>> the wildfire continues to burn out of control in northern california. the fire has already burned more than 3,000 acres in the dobbins area of yuba county north of sacramento. fire officials say

e9:16 c13 ially for older workers in their 50's and 60's, people say eu one spewe fic resghte perraihe market with your resghte. tailor it to your 9:16 c13 ificrain ob. if you are older, you may want to conspweer cutting ohem some your initial experience. certainly do not put the year you graduated from college so that potential employers cannot tell how o. t you are. ne of.orbr netlas6 c13 th talk to friends, family, co-las6 c13 Ãisneor?e at your church or synagogue. anyone you can thiain of. l chand m shing on to whatrain there actually are, if you have eune the things yourain ust adad ? >> this is great. the headquaunder ers at n.s.a., national s6 c13 urity ageessy, that is the major spy agency at fort mead ar may be doubling in size over 20 years -- 11,000 jobs. that is huge. the first thousand coming in thi next several years. that doesn't help ppwtr?e right now, but what it does mean is defense contractors will start setting up shop right now. that will get commercial real estate going, residential rea w estate, andrain ven politicant pools. >> and the interesting thing Ãjlbout

c eo tinos l egxt to losing eu >>> ds s a go toreakas , look atig htow nht nn on now >>> yesterday waspresident obama's 48th birthday, but it wasn't the only birthday obama was thinking about. he surprised helen thomas. thomas shares a birthday with the president. she turned 89. president obama presented her with some cup das dst cakes and her fellow correspondents serenaded her with happy birthday. >>> another jet had to make an emergency landing last night. the northwest airlines plane was flying from knoxville, tennessee to detroit when it hit the turbulence. the plane was forced to land in louisville. a passenger and a flight attendant were taken to the hospital with minor injuries. >>> take a look at this amaze footage from israel. some drivers got more than they bargained forhen three horses started to gallop down the highway. one tried to jump over the car and didn't make it and smashed into the windshield. fortunately the car had stopped. both the horse and driver had minor injuries. >>> time is 11:27. >>> two american journalists are finally home. hear their emotional words. >

-eu clearing out the underbrush, that can lead to broader initiatives? >> those are great questions and we wl answer them in subsequent meetings. this is my libertarian antenna out about trusting any government. i do endorse very much your point that this has been a great panel and please join me in thanking them. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009] >> next on c-span, envoy richard holbrooke talks about the political situation in afghanistan and pakistan. and then the white house will have a reception for the newest member of the supreme court, sonia sotomayor. that is followed by "washington journal." >> today, tony posawatz will talk about general motors and their new cars, and we will find out how the recession is affecting indianapolis with greg ballard and we will talk about health care withjackie calmes and david sloan from aarp. washington journal is live at 7:00. and then at the brookings institution, a look at the economy, six months after the stimulus plan w

consolidate for the next few weeks and looking at basically shorting the dollar against especially against eu currencies. >> maybe we see some dollar strength over the near term but back on the short side soon after? >> we've seen the dollar index bottom out in march, did again in june and then early august again and it's followed by perhaps three or four weeks of consolidation before the pressure comes down. the technical story certainly suggests we see some dollar strength. i'm still very suspicious about the u.s. dollar especially in relation to some of the currency values in other markets. >> particularly in the face of twin deficits which has been the major issue in the past for the currency. al ln, the fed continuing to print money as they say. it's diluting the dollar. you would expect it to. what's actually supporting the dollar? >> the fed is no longer printing dollars which i think is seen as a very, very good thing. when the fed was really embracing qe, i thought there were some risks that euro/dollar could perhaps go to 1.60 or even above. the fact that the fed is now moving towar

eu h t itit here. out hethings have improved.ve been watching this throughout the course of the morning. we do continue to have one little area of heavy rain betweeplata down to the south of the district but out to your west, reston, herndon, sterling, ashburn places like that keep getting a little bit of relief right now as this continues to push off. let's look at what is going on elsewhere as far as our temperatures go. 73degrees in washington. 71 in baltimore. owe someone city at 77 degrees. they have been in the 80s during the morning hours for most of the rest of this week. here is how things are going to be shaping up today. here is a look at the satellite- radar. you can see where the moisture is going. it is pushing off to the north and east. we've still got to deal with it. we have aa got several more hours of this off and on rain showers an maybe a couple of spots of heavy rain or thunderstorm activity of the i think during the morning hours today. we'll get a bit of a break later on in the day. the forecast for washin

laa ling and eu lee were welced this morning by friends and family at the bobhope aiort in burbank californi formerresident bill clinton who had flown to north korea to cure their relea shared a warm embrace with its former vice president, al gore,who co-founded the television chnel that the two women worked for. laura ling addreed the group this morning. >> 30 hos ago euna lee a i we prisoners in noh korea. we fear that at any moment we could be nt to a hard labor camp and then sudnly we were told that we were going to a meeting. we we taken a location and when we walked in through the doors, we sa standingefore u president bill clinton. (applause) >> rose: shortly after, present obama spoke outside the white house. >> the reunion that wve all en onelevision i think is a source of happinessot only for the milies but for the entire country. want to thank president bill clinton. i had a chan to talk to him for the eraordinary humanitarian effor tt resulted in e releasof the two urnalists. i want to thank vi president al gore who worked tirelessly order to achiev a positive outcome. >> re: joi

we he demi global in europe whe the eu won't put on in t fincial sector.ey won't have an you br regulator in brusels o corols everything. london we don't le that ea at all. i'llell you why. the two financial capitals of the world, and it doesn't mater who is nber one and number t have been an still e -- >> london versus new york. >> inot even london versu new york it london and new york. d they've been able to process, ty've been able to doell because they've run thgs in a pretty od way until things srted to horriblyrong. do you therefore ed to fix the regulation, yes. but w need to have regulation which is fixed i such a w that nobody is able to opera, no. d we believe particularl inlondon i think theame is true inew york, that we ould be able t he our regulators working, having leard from the lesso of the past, and woing within a framewk that if a you going to have in europe and let's take europe for an example. if are you gng to have a framework ich lays down the major parameter, that's fine. but wh it comes to actually being the day-to-dayegulator, we

there a lot of check points but at this polling station we ran into some eu election observers who were in how things were going. there were people voting. hamid karzai, the president, voted successfully this morning. so far it's going okay. >> so, nick, how long before we're going to know any results from this election? >> reporter: well, preliminary results won't come in till september 3rd. people sitting in america might think why does it take so long? part of the reason why this country is one of the most isolated on the planet. we've been talking about how difficult it has been to gets all these polling materials to the polling booth. to get them back is the same thing. there are 3,000 donkeys were delivering polling ballots and such over the last week to isolated polling booths. they have to do the same thing to come back. we won't know for sure, at least preliminary results for a couple weeks. >> hopefully things will remain quiet throughout the day there. thanks to nick schifrin in afghanistan this morning. >> we will learn this morning if the man convicted of the 1988 bombing o

we have demi global in europe where the eu won't put on in the financial sector.ey won't have an you beer regulator in brusels who controls everything. in london we don't like that idea at all. i'll tell you why. the two financial capitals of the world, and it doesn't mater who is number one and number two have been and still are -- >> london versus new york. >> it not even london versus new york. it's london and new york. and they've been able to process, they've been able to do well because they've run things in a pretty good way until things started to go horribly wrong. do you therefore need to fix the regulation, yes. but dow need to have regulation which is fixed in such a way that nobody is able to operate, no. and we believe particularly in london i think the same is true in new york, that we should be able to have our regulators working, having learned from the lessons of the past, and working within a framework that if are you going to have in europe, and let's take europe for an example. if are you going to have a framework which lays down the major par

the relationship between the united states and the eu on trade on a daily basis is $2 billion.re, you should pay a little attention to them and they better pay a little attention to them because by doing a slight movement -- somebody told me, we have more investments in belgium capitalwise than we have in china. >> well, they make great beer in belgium. >> that's right. >> we are american. >> that's right. >> congressman, you're a democrat. but of the ones we talk to, you're generally considered one of the more reasonable ones who tells it straight. we've had senator lieberman say it's really not time to pursue this public plan. that given the new deficit projections we just need to do a reset and take two steps back. do you think if we get a bill by december, it will include such a measure? >> i think we have to discuss that issue. i don't know whether -- i think the thing that exacerbates the public plan is the idea that government would run it. it may be ideal to find some other mechanism, whether a nonprofit or a co-op. we have to take the time now to start rebuilding faith

to put pressure and for that pressure to be effective, or can we and the eu and the other members of the quartet do anything ourselves at this stage? >> all of us are under the impression -- recognizing that israel must have guarantees about its security, recognizing that a palestinian state cannot be viable unless it is economically viable, i think there is a general consensus that this is what has to happen. i believe that the talks that president obama has called in washington are important, and i think that george mitchell has done a great amount of work in the region. >> one of the problems is in gaza and the fact that there is very limited access. some have said is like -- almost like a prison in the sense that people cannot get in and out. tony blair said that businessmen had not been able to leave gaza for several months, until he managed to make arrangements for that to happen. now, clearly, there are real difficulties. how can we get better access through the border crossings into gaza? >> that has been the difficulty since the conflict. a large number of efforts have been

the area between eu rasia. but the impact might limit it. the pleasuring appearing to drive the european political consideration and economic necessities more than military concerns. antagonizing eastern europe and unsettling some european leaderships over all. thus ukraine and georgia remain what i call geopolitical pivots to harkin on important confidential issues on strategy. but the security dilemmas may actually focus much less on military issues than on eur russia energy challenges as well as how the union continues to integrate new members, but also reach out to its eastern periphery. and also how a certain concern concern -- impacts on asian security. those are the basis arguments that i've made in this initial draft. i think what's important as the first decade of the 21th century emerged, you look at countries like germany and other western leaders as more clearly informing their international security concerns towards russia in terms of energy and geopolitical priorities. and the disputes that have emerged as well as the cooperati

at the eu level, we saw a fall in gdp at 0.1%. so i are r euro zone gdp is not out of the woods. consumer spending growth is still under pressure from rising unemployment and investment spending is still under pressure from falling global growth led by the ex ports side in manufacturing. and i'm not convinced that what we're seeing i think is leveling off. we're not yet in growth territory. we're a long way down from peaks. what we're seeing is we're bounding along the bottom. and it's too soon to say for sure that we're in a path to recovery. i expect that's partly what's feeding through into equity markets. >> can we just get a bit further into these numbers and look at rpi, as well. if i could get your impression of what is happening with rpi. july rpi unchanged on the year. that brings us down 1.4%, which isn't as much of a decline as we had expected. that, again, is still higher than we've been expecting. why the die vergence between what we're expecting from these figures and what economists have generally been expected? >> well, i think the real key reason is that the real

eu n. lle' >>> good morning. bracing for swine flu. an expected fall outbak. >>> wrong-way tragedy.unk into oncoming traffic. new witnesses speak out. >>> and bon appetit. meryl streep's latest transformation into the larger than life queen of the kitchen julia child. >> just cut this -- have the courage in your convictions. especially to loose sort of -- oh, that doesn't go very well. >> and her performance has fans hungry for more. >>> welcome back, everyone, to "today" on this saturday, august 8, 2009. i'm lester holt along with jenna wolfe who's in for amy robach this morning. coming up in this hour, new guidance about swine flu. >> yeah. as school gets ready for kids to come back for fall, the cdc talking about how to handle outbreaks of the virus. coming up what you need to know and bring you iortant health advice to lessen your chances of catching the viruses. simple things to do to keep yourself and your family safer and healthy. >>> a bit late other than, what's next for "american idol" after paula abdul? she says she's not coming back. producers appearing to ready to move

you can see the map in the way of europe and the green color in poland as it is the only eu member avoiding to rethanks to the market which is still quite vibrant despite the high unemployment rate. the internal consumption in q2 rose nearly 2% year on year. the retail sales rose by 5.7% year on year. the on the products. the polish currency gains after the positive data and it is gaining 0.4%. that's all from warsaw. now let's move to adam in singapo singapore. >> thank you very much. it's a split mission down the markets today. a lot of caution in japan, given that we're building up for this, what could be a landmark election on sunday. there was a lot of negative data out of japan, as well. investors pretty much shrugged that off. i have to say the volumes are very, very thin. moving on to the greater china region, net activity in the shanghai market, concerns that bank lending may be slowing down sharply in the month of august compared to july and, of course, the average that we're seeing in the first half of this year. we got numbers out of bank of china yesterday and they said lending

when the battlic countries became eu members in 2004, a new chapter began in the region's economic history. inside the collective security of the union, currencies were pegged to the euro and money was pouring in. >> a lot of companies, a lot of hassles were borrowed in europe rather than local currency and at much lower interest rates and that stimulated economic booms. >> property prices skyrocketed, especially in the lat veean capital. >> there was a period when flats here were more expensive than in denmark. >> but then along came the credit crunch and easy money evaporated. the battlics were faced with a huge challenge. >> they crew too fast and they ended up with large current account deficits. at some stages, 25% of gdp. when capital is scarce, it's very difficult to attract foreign money into the country. so basically, they had to slow down. >> foreign money would also have been deterred by seeing what happened to swedish bank investments in latvia. >> a very significant part lending to the battlic countries has been from the swedish banks and the swedish banks have had to increase

eu euro/dollar, 1.4097.have sterling/dollar down about 1%, 1.6383 is where we stand and euro is moving higher against sterling, too, 0.8602. chloe, what is happening in a a asia? >> a lot of weakness in asia. the focus was all about what's happening in china and a couple of concerns that the regulators are not going to step in to problem up the equity scene and also number two, bank earnings get under way. we heard from bocom, pretty much in line with expectations, but interest margins will be under a lot of pressure for the first time and tomorrow is the big one, icbc. moving on to what is happening in the energy complex, nymex light sweet crude did hit above that $70 per barrel level overnight. at this moment, it's skidding lower, $69.0. brent at this moment, off about 50 cents at $71.89. let me hand it over to bertha now. i got your name right this time. >> thanks very much, chloe. it's been a whipsaw week for the markets. let's get some analysis here as far as what's going on. still with us is mark ostwa

not just in certain places. 37 -- or 3,700 eu manufactures, way better than expected. pre-bear. and they also saw the same thing in brazil, india, and china. >> well, you know, there was massive government intervention. >> right. >> massive, around the globe. here we go. at the big board, javelin investment management celebrating the recent look at jet dow jones islamic market international index fund. i don't get where the -- >> where the jets. >> i'll finger out where the jets come from. and at the nasdaq, the mt. sinai medical center. >> market reporters are standing by. let's get there. opening down 42. not full any open. bob, take it away. >> freddie mac is up here nicely, 122. that's a nice little move up there. 45-cent move. bottom line is, for the first profits in nearly of two years, sited a number of different things. change in accounting, that is kind of important. lower funding costs. gains in the company's derivative portfolio. fannie and freddie were the two most actively traded stocks. they don't need additional funding or financing from the u.s. government at thi

i wanted to give the doctors and obama a number that will really surprise them -- doctors in eu live2 years longer than doctors in manhattan. let me tell you how how i know. i was assigned by sloan- kettering in new york hospital to transfer and labeled in such a way to target cancer cells. we went to italy because we could get through their administration and test on the drug within two years which we could not get here in the u.s. i assumed we had the best medical care in the u.s. i bought the propaganda, but the life expectancy of a doctor is about 72 years old at sloan- kettering in new york. when i was in europe dealing with this drug company to transfer the drug, my duty is in physics -- the line average life expectancy of a doctor in italy is 84 years of age. i heard everyone talking about the olive oil, but that is significant. i think doctors have to take a second look win -- and i know we're 47 and life expectancy, but you have to remember -that we're 12 years lower than italy and france. host: can you relate this to the conversation? caller: as a business professor i think

or can we and the eu and the other members of the quartet do anything ourselves at this stage? >> a lot was putting pressure kamal recognizing that israel must have guarantees about its security, recognizing that the palestinian state cannot be viable unless it is economically viable. there is a general consensus among the international group involved in this that this is what is going to happen. i believe the talks that president obama has called in washington are important and i think that as a potential to be the next up for. george mitchell is doing a great amount of work in the reason and he has our support as does tony blair and the efforts that he has been making. >> one of the problems is a tossup. -- gaza. there is very limited access. some people say it is almost like a prison that people cannot get in and out. tony blair, when he was speaking before my select committee a few weeks ago, said that businessmen have not been able to lead gaza for seven months. clearly there are real difficulties there. how can we get access across the border? . there's a common view that

we've been in discussions with the eu.actively registration and oversight system as well that applies to rating agencies. we would like to offer our perspective on several important issues. we're committed to engaging on all these matters in a thoughtful, balanced, constructive and nonself-serving manner. at the same time, some perceptions and proposals continue to circulate that could use clarification. we are committed to being transparent in everything we do. and a good portion of the research are freely available to the market in realtime. we do not believe that everyone should agree with all our opinions. some market participants notice limits on the amount of participation has made the market overreliant on rating agencies. particularly for analysis and evaluation of structured securities. the argument followed that the market would benefit if additional information were made more broadly and readily available to all inves tors, enabling them to have the same access as mandated rating agencies in developing their own

treasury proposal that we will sak about and also outside th u.s., we have been in discussions with the eund the recently enacted registration and oversight system as well that applies to rating agencies. as this committee considers these topics would like to offer our perspective on just several important issues. let me reiterate that we are committed to engafing on all of these matters in a thoughtful and balanced, constructive, and non-self-serving manner. at the same time, some perception of proposal continu to certainly that could use claudication. transparencies of the the recoveringheme and we a being committed as being transferred with everything we do. all of the rationale, and assumptions, and related methodologies and a good portion of our research are freely available to the market in real time. we do not believe that everyone should aee with all our opinions, but we are committed to ensuring the market has the opportunity to discuss them. some market participants have noted that limits on the amount of information that is disclosed to t market by issuers and underwriters has m