. >> in europe, the eu finds a possible solution to greek crisis. the imf's involvement in the safety net is confirmed. >> here in asia kra, china bank reportedly his $15 billion in march. they may raise the triple r for banks soon. >> a very happy friday to you. i'm nicole lapin. it's 5:00 in the morning on wall street. as you know, markets opened lower after getting triple digit gains and finally ending on a 13-month lows, driving the dollar higher, the euro lower. markets are likely to open, though, higher across the board with dow futures up about 30 above fair value right now. nasdaq futures up about 5 above fair value, ross, and the s&p 500 futures are up, as well. happy friday to you. >> nicole, a very happy friday to you, as well. despite a resolution in terms of a back stop for greece, equity markets are down. we closed at our highest levels, particularly in the uk since june 2008. just above the 0. % mark on the ftse 100. the xetra dax and smi slightly lower. travel and leisure, household goods and industrials are currently down. not a hug

we expect them to approve it because the anxieties have been so high that the eu had really had to be seen to act to bolster of greece. this is a real breakthrough because the rubble process, german chancellor angela merkel has been making very strong voices is that she was not up for this and any kind of action would be seen as a last resort. on that, though, she has in part got her way because this document makes very clear that the idea of these loans would only kick in at the markets refuse to lend any more money to greece. >> france and other countries in the eu, not germany, said it would be humiliating for europe to go to the imf for help. so who is going to be in the lead on this deal -- the european union or the imf? >> i will just read you what it says in the document. bear in mind, this is a draft. it may change. it says there will be substantial imf funding -- sorry, substantial imf fund financing but the majority of european financing. so while the imf, according to this document, will have a role, the suggestion here tonight is the european union will take the lead in al

the fact that there does seem to be an imf/eu plan to aid greece, that gave a relief rally and fund buying after that. we saw gold prices and gold etfs rallying as a result. keep in mind when you look at the continued uncertainty about the euro zone and the fact that there may be centralbacks that fear the dollar and the euro, gold may be seen as a replacement currency. we are also seeing rallying. some traders say on that score. in terms of the oil market, not much action at all related to south korea. it looks like oil prices may be poised to close below $80 for the week. back to you. >> thank you very much for that. up next on "street signs," a prescription for profits, how to make the money you're saving for health care work for you now. "street signs" will be back in a moment.

and why the eu wants to do. later we will talk with william who brokwrote the book "the houf cards." that is about the collapse of the financial destitution, two years to the date. we will get his thoughts on the new proposed legislation. one more phone call -- are you active in health care debate? lafayette, louisiana, daniel. caller: thank you. i have been calling my representative does. i have made a suggestion, ask why we don't have a suggestion box on the healthcare plan. but we have one for women who were single, get pregnant, and don't want to carry that. that is excluding women who get raped or have medical reasons for abortion. if a woman thinks she may not want to carry the pregnancy, check the box. it adds up to a certain amount per year. in other words, they would pay for their own abortion if they decide to. if they do not check the box, then they would not be covered and could not use the taxpayer'' money. for the democrats, if you vote for it the bill the first time, the republicans want to use it

the eu is pushing for a greek rescue, but facing opposition to a bailout at home. >>> google, going, going, gone from china. changing the face of reform, treasury secretary tim geithner calling for a new mortgage finance system. the white house says it won't accept financial overhaul from congress that does not provide strong consumer protection. the markets at this hour, stocks higher across most of europe and asia and u.s. equity futures pointing to a higher opening at home as "squawk box" begins right now.

a deal for greece as the eu leaders work out a financial aid plan to address that country's debt problems. we're live in brussels -- we're not live in brussels. we have somebody live in brussels with the latest. >>> we'll have street reaction and preparing for a november showdown, republicans looking for support from a disaffected public, while democrats are hoping a growing economy keeps them in charge as "squawk box" begins right now. >> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and carl quintanilla. and it's friday and we're ready to go. and we've been watching what's been happening, not only in the treasury market, but also what's been happening in the euro zone. in fact, the euro zone leaders agreeing to help debt ridden greece to be used in a financial emergency. under the accord, athens would receive coordinated bilevel loans that use the euro as well as more from the international mon taen tear zone. this could cost an estimated $27 billion to $29 billion if it had to be utilized. we've been keeping track of what's happeni

and maybe that's where the eu is right now. it's in the midst of a crisis and maybe they have the most leverage to reform there. and i'm wondering, have we missed the window here? will it get harder and harder as the depth of last year seem to fade? how will they get the political capital to pass this? >> all my sources say the volcker thing is dead and a lot of my sources say the bank tax hike is also dead. but we'll see. karen, did you ask him about the financial transaction tax. geithner opposes it. anything on that? >> we didn't get to that, actually. we talked about greece. we talked about jobs. we talked about geithner. we talked about -- i asked him specifically, how difficult was it to watch geithner just getting grilled in front of the house for those aig bailouts and he was very defensive and very oh i don't know were supportive of tim geithner. he said, look, this is someone how has more experience, who has seen more crises than anyone and i think including himself. so he's really protective of his guy. >> and i unde

the eu, germany becomes involved in that particular crisis. it looks like they're going to stay away. but in any case, germany, canada, the u.s. and the uk are a little more problematic, and that brings up the health care situation, and the $40 trillion worth of present value in terms of entitlements that we have in the united states fl we've just added, in my opinion, another $500 billion in terms of health care. so the markets are beginning to look at that suspicionly. >> the tortoise rally has stopped talking about treasury auctions and appetite for american debt, do you think that's accurate and that appetite is not something to question, at least for now? >> no, i'm concerned. i think they have. i think that's a good observation. and to the extent that rick santelli and it's been true, over the past few weeks and past few months, all auctions have been b-plus or a-minus, with the exception of today. then yes, stock investors have begun to take it for granted that the treasury simply can finance at will. well, you know, we've seen an end n

after that, the eu commission and the new health care in 2010 elections. >> the health-care debate moves to the house budget committee. we have live coverage on c-span 3. the budget meeting is part of a matter of putting it to vote. but rules committee will meet on wednesday to work out the structure for the debate. house speaker nancy pelosi says that she hopes to start the debate on thursday with boats later in the week. stay tuned for the latest on the health care debate and visit our health care of the. you can read the legislation, see what the president and members of congress are saying and join in the conversation yourself on twitter. you can also find hundreds of hours of video from the house and senate floor debates, committee hearings, markups and other events. >> at an event in london, british prime minister gordon brown addressed the global economy and the four-year plan to cut the deficit in half. one of the key points in the budget report that is scheduled to be released on march 24. he also spoke of the upcoming british relaxin -- british work -- british election. this is

and between the eu and other countries. now, the eu has got relations -- for the period between 2009 and '13 set aside billions of euro for helping. now, i don't know if mr. barroso is familiar how that money is going to be spent but i appreciate whether mr. barroso could talk about his attitude towards the state because very often when you talk about countries with authoritarian government in power you don't mention it. so i would like to hear what mr. barroso thinks about the state of it. thank you. >> thank you for recognizing that the commission defends the right. and we defend it not only in european union but unless our extended relations. it does not mean we can only have relations with countries that respect fundamental rights. unfortunately there are many countries in the world that do not respect fundamental rights and we have to keep relations with those countries. it raises us concerns in terms of the respect for fundamental rights in that country. ... [speaking in native tongue] >> translator: i would like to d

because i don't think we have the eu as disparate as they've seemed so far. >> i really have to disagree, tim, and for two reasons. one is just the way european markets trade, particularly greece and spain. i'm most focused on spain. i think that's the next key example. spain since the end of january is unchanged in terms of spanish equities, the ewp with the s&p in that same period up over 8%. there's a widening gulf between the united states and spain and europe as a whole and we're going to continue to see that in the currency. i think euro currency must go much lower than that. i think really the second reason here is that the euro currency would have been lower if it weren't for government pressure in the united states to try to convince leveraged money to not short it. i think it created a false rise and it will now go lower. >> last point you wanted to make to cyclicals, approaching a new high, what do you do with this? you fade this? >> i still basically believe in stocks, but i want to avoid the cyclical names if you can, particularly ones with a lot of exposure to europe. if yo

and eu navies patrolling the coast almost two years.you look at last year, we had almost 867 people seized by pirates as well as almost 50 ships. all the while navy vessels are off the coast. yesterday, the za han dennedded itself and managed to avoid being seized. yesterday two other ships did not have private security guards and were seized and are steaming for the somali coast so there's something wrong. >> clearly, but when all this -- after all, people probably know it's a lawless country with no government and they used to fish out there and all the fish got taken away and they're -- what they claim is since we can't finish fish, we're going to high jack you and we have that right. the thinking has been if the companies would spend more money, they'd be able to protect themselves. i guess some of the shipping companies say these ports are dangerous and to have our people armed is -- i don't know how they come up with it but they say it's a bad thing. >> well, the concern by some is that if you put armed personnel onboard some merc

no information is given on the storage of data in the eu treaty must -- and the eu treaty must come into force there. should we not check whether the catalog of fundamental rights is correct? >> thank you. >> it is an article states of fundamental trigger we now have a framework for the collection of personal data. this is essential to ensure a common approach to all data processing activities within the european union since the procedure also applies for a third pillar areas. we must also ensure a fundamental rights of european citizens continue to be protected. a european and united states agreement on personal data protection could be important and we're working for this. currently, they are taking consultations to collect the views of stakeholders and citizens. transparency and collects the use of stakeholders and citizens. the commission plans to make a draft recommendation to authorize with the united states her co-. >> mr. president during the last decade international cooperation with counterterrorism has been made more difficult egos of humans rights concerns including the pract

we have the eu summit coming up tomorrow. and on friday, the uk's budget is due. so a lot of question marks. we had a uk rally, as well. this is what happened to the market after gaining about 0.3%, 0.4% across the board for these markets. london is now negative. so it's an interesting one. we were just bouncing back from interday session lows. in toerms of what is holding up, money in europe today, it is health care, financial services and media up just about 0.3%. in terms of individual stocks, i would definitely watch out for some of these. nokia is doing very well, indeed. so the theme of having the technology shares being on the upside has continued at least for nokia today. novartis, as ra zen ka, so health care is doing very well, indeed. i think that the obama bill that was passed this week is start to go change sentiment around these stocks. credit suisse, basf and ericsson, as well. >> patricia, thank you very much. let's take a look at what's going to be coming up in the u.s. trading day. for that, we turn to bob brusca, also from lpl financials, bert w

a harsh warning from a top eu official. face the music on greece now or fear the impact on the euro later. greece, you can tell it immediately. the markets at this hour, green arrows across europe and asia. wall street try toes keep its rally alive today. picked up steam yesterday, didn't it, at 100 as "squawk box" begins right now.

we have the eu summit and sovereign concerns spreading to portugal. >> thank you very much. >>> freshata on the economy, new home sales, durable goods. durable goods up, but not as good as expected. new home sales down 2.2%. market really didn't react to that. let's bring in michael jones, chief investment officer, riverfront investment group, drew canally is chairman of canally trust company. michael, i'll start with you. what does this data tell you, if anything? >> probably not an awful lot because we do have to deal with all the weather-related distortions in new home sales in february. i do think the earlier points that were being made about the front-loading of demand and how some of this keynesian stimulus really just shifts demand rather than creates it are probably pretty accurate. >> drew, how about you, the data give you any clue? >> it gives me a big clue and it's not weather-related. it was all related to the stimulus and everything else the government's doing. so, the declining home sales puts us right back where we were about a year ago and that's probably where we're g

the eu sum milt kicks off in brussels. will european leaders be able to persuade germany's angela merkel to lend greece a helping hand, or will athens be forced into the arms of the imf? >>> the portuguese parliament also meets to debate a budget austerity plan. the plan includes spending cuts and containing public sector wages. but will it be enough to bring down the country's deficit and calm investors after that downgrade from fitch? tune in to cnbc world to catch all the action overseas. at cnbc's european headquarters, i'm guy johnson, going global with your money. >>> okay. welcome back, everyone. taking a look at today's business headlines, a chrysler executive telling reporters today that march sales in the u.s. are expected to be down at least 10% compared to last year because of fewer incentives. but sales have surged more than 50% versus february, thanks to new option packages and a new marketing campaign. and ahead of tomorrow's weekly jobless claims report, gm smuckers announcing big layoff plans. the maker of

the eu and the imf, germany came around, they agreed to a deal.t hasn't done anything, though, for greece's borrowing costs. that's somewhat interesting. will it have broader effects? at this point, no, it doesn't seem to be, but it is certainly worth noting that the ten-year in greece, the ten-year greek yield right now up another eight basis points to 6.52%. that's a five-week high. you've got their two-year yield up 22 basis points to 5.13%. that matches a four-week high. and then even five-year greek cds wider by seven basis points to 340, just shy of a one-month high. so, greek borrowing costs not down as had been hoped, given, of course, that we actually got the long-awaited deal to make sure that greece is not in any danger of defaulting. nonetheless, they're still borrowing what, 3.5% higher than germany. they're both eu members. here's a look at the athens composite, down another 1.5%. what have we got there on mgm? all right, that's probably just going to not be a deal. but let's talk also while we're on greece about financials overall.

we had seen some fund buying after the imf and eu news on greece came in. and we are looking at technical levels for gold, but a lot of people wanted gold holdings before going into the weekend. >> well, no doubt that was a catalyst, and it is a relief to know that apparently the north koreans were not involved, apparently. we have to confirm that. but, look, we have a bull market and big downside day yesterday which was a shock to the trading community and we haven't seen a reversal like that for a long time, and the traders were nervous. we are going into the end of the quarter with a lot of machinations that can go on, and we have a very, very light volume where modest buying or selling can move the markets either way, so not surprise that the traders are jittery going into the end of the month. >> well, sue, i take my cue from bob pisani on what parts of the economic news are priced into the market, and bob has said repeatedly that the better job news that is expected next week is priced into the market. and so when i have seen the market trying to do 6

george papandreou pushed through his third emergency budget to slash the country's deficit and please eu leaders. even pensioners are throwing themselves against the barricades yesterday. and today it was the turn of the communist party. mr. papandreou's government has whacked up taxes, raised the retirement i believe and the people of greece don't like it. >> the greek prime minister went to berlin today looking for a friend. the german chancellor merkel was supportive. greece is dealing with difficult problems said mr. papandreou but he stopped short of asking for financial aid. still many think that's just a matter every time. >> this economy is in very, very deep trouble it has a huge budget deficit it has very poor growth prospects, very high level of indebtedness. investors are skeptical that the government can get the economy growing. and unless it can get the economy growing, it's going to be impossible to put public finances on a sound footing. >> reporter: fear now, however, a greek singer puri will chip in, donating her pension earned when she served as an nep to the country s

you cannot get that anywhere else in the eu. >> i thought you're going to refer to lord ashcroft.r] the exchange of tax information is the key to resolving these issues. that is what we're pushing around the world. people wanted to create a saving tax within the european union because basically germany, for example, was using money and luxembourg where people were putting money and other countries and avoiding tax. but if we did that in our own, what would happen is that people would not move to european union countries but non-european union countries. so we had to talk about tax information exchange around the world. we had written welcome that because we have the benefit from liechtenstein, and that led be better off with the exchange of tax affirmation rather than harmonizing taxes. the issue on climate change, i think that people have agreed on national emission targets and plans, all the major countries have submitted there's, china, india, their national emissions reduction plan. we agree on financing that climate change objectives that have been set at copenhagen, but what

i thought the fact that europe was going to maybe optimistically growing 1% as the eu was going to have an impact on valuations here, it didn't. so i'm pressed to figure out even if the euro does continue this collapse, will it impact the european markets? because it didn't in february. so i don't know what the difference would be now. >> well, i think the flip side to that is there's beneficiaries out of this. the canadian market is somewhere you want to be. even the russian market, which tim talks about -- >> how? >> you get exposure to the canadian market through the currency etf, the fxc. there's a russian etf that timmy talks about. but i think it goes back to the strategy of 2010. 2010 is not your 2009 market. the comfort assets of '09 are not the comfort 'assets of 2010. think about it. gold, oil. the xle is down for the year so far. massively underperforming the s&p. what's up? consumer discretionary. as a trader, as an investor you have to quickly make that change. >> just to tie a ribbon on sort of the commodity story, joe talks about this for a long time, we've had very beari

. >>> stocks higher in europe amid a report that the eu will prop up greece. country faces more than $30 million in debt payments. france and germany are in talks to offer loan guarantees. >>> and according to his first official checkup, president obama is in excellent health and "fit for duty." it is recommended that the president take steps to bring down his cholesterol. >> what steps? he exercises something all the time and he doesn't eat. >> the drug companies have something for him. >> oh, no. i took some of those, and i got very sick. it's diet. >> may i just side with maureen dowd and say eat a doughnut. >> he's still smoking. >> apparently this guy is the healthiest guy in the world. >> how come he has cholesterol problems? >> it's diet. >> sometimes it's not diet. >> no pills. >> why not? >> i got sick. very, very sick. >> you can take the pills to bring your cholesterol down. >> lipitor made you sick? >> very sick. >> you tried to get my blood up baconed. >> i had high cholesterol, i reduced it with diet. a very strict down. i literally brought my ch

increasing liabilities to the eu financial system, to the imf, or to the fed. increasing liabilities to the eu financial system, to the imf, or to the fed. it would seem not only should we very carefully review any requests he has, you have had any frank discussions with goldman about their very questionable role in this? >> they are digging their way out of the position. he has a lot of challenges to face. but he's beginning that process. and he also walked us through their discussions with the europeans to try to make sure they're managing through this carefully. now it is very important that they work with europe to put in place a comprehensive set of reforms to provide oversight over the derivatives markets. it's important to us and them. and as you know, we proposed in the house has passed a sweeping set of reforms and bring oversight to all participates in those markets, move the standardized parts of the markets on to clearing houses, bring transparency to the markets, make sure that our enforcement authorities, the sec have the ability to police, to go

eu got you down? don't worry. one global guru sitting right over there is starting two new funds. we'll talk to jack about it and this gentleman who has the funds to help you capitalize on the commotion across the pond. boss: y'know, geico opened its doors back in 1936 and now we're insuring over 18 million drivers. gecko: quite impressive, yeah. boss: come a long way, that's for sure. and so have you since you started working here way back when. gecko: ah, i still have nightmares. anncr: geico. 15 minutes could save you 15% or more on car insurance. >>> welcome back to "power lunch." we're still looking at gold prices around $1100 an ounce. traders watching the news about the navy ship sinking. sketchy details about the cause of the incident. we saw a pop in gold around 11:30. perhaps it coincided with the close of the european markets. we're also watching oil prices below $80 a barrel for the third straight friday. gene macmillan saying there is concern about the summer gasoline demand season. retail prices at the pump, $2.81 a gallon for the national average. that's the same as

and eu summit tomorrow and fears spreading to portugal. the dollar is the biggest driver today and we have a situation where silver is the weakest of the bunch. let's go to steve liesman on the jeffries trading floor in new york. hey, steve. >> hey, brian. yeah, bonds are under some pressure today, partly due to the better than expected durable goods data came in 0.5. but 0.9 on the transportation number and new numbers doing reasonably well. the bonds, the two-year is off yielding 106 up three basis points and then, of course, all a steepner and go up to the five-year, 250. and there's the ten year trading at 3.76. that's up about 7.5 basis points on the yield and, of course, that story about the ten-year swamp that the corperates are trading at. ten-year swaps at 1069. we'll be here all day and give you live coverage of the five-year auction and the $42 billion five-year auction coming up at 1:00. sue, this is just an interesting company where i'm reporting from. a company that has picked up the slack from the chaos on wall street. there

. >>> an eu court ruling is out this morning saying google did not violate trademark laws when it letdvertisers buy keywords that were identical to trademarks of other companies. google also took a huge step late yesterday opting to redirect users from its china site to its hong kong site, rather than pull out of china completely. on "squawk box" this morning, jack welch was asked about doing business in china, money or morals? >> you're playing in somebody else's rules, in somebody else's playpen, and you want to make it the rules your rules. that doesn't always go. i mean, china doesn't -- they're not making this rule up as a surprise. >> all right. now, let's go trading the globe with tim seymour of emergingmoney.com. what is with google? did they make the right move? does it matter? how big is china in their business plan? >> i don't know. i don't know if they're acting in their own best interests or that of the u.s. government, but i think jack welch said it clearly. understanding the rules of the game is what you need to do follow in emerging markets. china made the rules of the

. >> traders focused squarely on the euro, that's up after the imf/eu aid to greece, but still concernsain, and that is why we're looking at oil prices only up about 12 cents or so and gold only up about a dollar. there are a lot of concerns here, and that's impacting the commodities market. keep in mind, we're also, according to mf global, looking at potential downside risk due to bearish technical levels for gold, but dennis garvin makes an interesting point today, talking about the fact that if central banks are fearful of the dollar and are looking for a replacement for the euro, they're going to turn to gold, so we see support for gold longer term. meanwhile, when you look at oil prices, they've been hovering around this $80.50 to $81 a barrel number for the last several days and we are looking at that range-bound trade continuing, but we're also looking at fundamental news coming out from oil movements about opec supply. it's up about 400,000 barrels per day. they're predicting over the next four weeks to april 10th. so, that's something on the fundamental level. but of course, ri

goldman money, goldman was the crack dealer and did not disclose these increasing liabilities to the eucial system or the fed. the fed. it would seem not only should we very carefully review any requests he has, you have laf >> now it is very important that the united states work with your to put in place ut in place a comprehensive set of reforms to provide oversight over the markets. it is important to us and them and something that has to be done globally. in the house the have proposed a sweeping set of reforms that would bring oversight to all participants in the markets, move those parts on clearing houses, bring transparency, have the ability to police. that is very important. we are going to work very closely with the europeans to help support those reforms. part of the imperative is to bring as much transparency is recant. i'm coming to your question, which is that i can't comment on any ongoing investigations, but, of course, as you have heard that the federal reserve chairman say people are taking a of very careful look at these things as you would expect them to do. i'm not

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lead story of the "financial times" -- if they are too stringent, it will depress activity between the eu and united states. it reads -- can you tell us more about this? guest: and i am somewhat perplexed. i used to work with george soros' and funds. they should register, should be accountable. i do not mean that they are required to release proprietary information every morning, but we cannot go on with an unsupervised financial system. secretary geithner seems to be emphasizing what i call the competition in lax city. the places that are least regulated will do the best. i think we need a process to restore confidence. confidence in the financial system has been shattered here and abroad. it is time to put in proper rules so that everyone feels safer. right now we are not there. i would encourage secretary geithner to become somewhat more like the europeans in this particular case. host: you may call us, e-mail, and twitter. what you think about the financial situation and the regulatory debate going forward. robert johnson is at the roosevelt institute, bringing economic thinkers toget

the greek prime minister is in washington as part of the four- city tour, seeking eu and u.s. support for new austerity measures and increase to deal with the countries financial troubles. he will meet with president obama tomorrow. today he is speaking at the brookings institution. we will have that live on c- span2 at 10:30 eastern. later, a group expected to be critical of the obama administration immigration policy -- firm, fair immigration reform movement, is having a press conference at noon eastern, and that is on c-span2. >> which four presidents live past 90 years old? john adams, herbert hoover, ronald reagan, and gerald ford. find these and other presidential facts in c-span's newly updated book, "who is buried in grant's tomb?" >> it is a guidebook, a travelogue, but also kind of a mini-history, a work of biography of each of these presidents, and let's face it, you could tell a lot about people at the end of their lives. >> resource guide to every presidential graveside, the story of the final moments, and insight about their lives. now available at your favorite

the other powers in the eu will not loan the money because there is no confidence that they can make the interest payment. we are on a trajectory to have a national debt the size and magnitude relative to our economy of greece's national debt in 20 years. what i hope is, despite the gloom and doom of some of these projections, if the american people would simply say to their government, we want you to live within the means that we have been doing since world war ii. tell us some responsible ways to reform current systems so that we will meet obligations. absent a declaration of war or two-thirds vote in congress, some national emergency, we want you to live on what you have been. while we allow a time for him, libby, 10 years for this to be implemented, the truth is the budget was never adopted. most americans recognize the discussion of setting a balanced budget to the table for the discussions in the 1990's. without a vision, people perish. what we are hoping to do it is not have an esoteric discussion on amending the constitution, but what is the proper structure to initiate a nat

we will have monitors in place from the carter center, from the eu, the au, and internally, to make sure that we can get ahead of these issues and bring the proper attention to areas where polling may be disrupted by violence, conflict, and insecurity. >> as i am sure you are aware, there has been some concern amongst advocacy groups on darfur about some of the way the diplomacy has been pursued. more generally, how do you feel about how we should deal with the government in khartoum, based on what is going on in darfur? what do you feel about pressure in a broad sense? >> it is the responsibility of a government to provide security, to bring development to its people, to make sure money and developing goals turned into a reality, that people have security and gender equality and communications. certainly, we are going to be working and using pressures in the senate to make sure that takes place. as you know, the agreements that will be reached in doha will probably increase the number of people going into camps. less violence, decreased fighting between rebel groups and the sudanese arm

she's testified on a variety of human rights issue before congress and eu government body. she's led human rights in china, organization in consultations with companies doing business in investing in china. in 2007, "the wall street journal" named her as one of the 50 women to watch for their impact on business. welcome, and you may proceed. >> thank you, mr. chairman. and i want to thank the members of the commission for your solidarity, your leadership and support for a very difficult struggle and challenges to promote free expression in china. i would like to request the spire written statement to be entered into the record and i'd like to use the written time to first comment on some of the responses that the chinese government officials have made over while we were sleeping last night echoed in some statements. first i'd like to focus on a case and then open for discussion and welcome your questions. as the comprehensive and strong report and state department country report for china and recent u.n. human rights review of china absolutely demonstrates, the human rights

moodies, macroeconomic advisors and more are telling the same stories r*eu. but that is -- telling the same story. that is not all the recovery act has done. it has given a hand to millions of americans out of work by expanding unemployment insurance. meanwhile, 95% of working americans benefit from tax relief. let me repeat that. under the recovery act, 95% of all working americans benefited from the tax relief. state and local governments received badly needed fiscal relief that allowed them to maintain essential services, including health coverage for millions of americans. also allowed them to retain workers which kept cops on the beat and teachers in the class raofplt we will never know -- classroom. we will never know how bad the economy would have been if we had not acted. the charts i just showed all tell the very same story, of an economic free fall that has been slowed, stopped and reversed. madam president, do any of my colleagues really believe that we would be in a better situation today without the recovery act? the time line is clear, the data

she's testified on a variety of human rights issue before congress and eu government body. she's led human rights in china, organization in consultations with companies doing business in investing in china. in 2007, "the wall street journal" named her as one of the 50 women to watch for their impact on business. welcome, and you may proceed. >> thank you, mr. chairman. and i want to thank the members of the commission for your solidarity, your leadership and support for a very difficult struggle and challenges to promote free expression in china. i would like to request the spire written statement to be entered into the record and i'd like to use the written time to first comment on some of the responses that the chinese government officials have made over while we were sleeping last night echoed in some statements. first i'd like to focus on a case and then open for discussion and welcome your questions. as the comprehensive and strong report and state department country report for china and recent u.n. human rights review of china absolutely demonstrates, the human rights

judge vanas k*eu e, chief judge in 1999. his seven year term was completed in 2006. he was appointed by chief justice rehnquist to the information technology committee where he served as chair for three years. i'll submit for the record, as i mentioned before, what many people have said about him in addition to his record. i'll just read one of those at this moment. judge neelin, someone who has been on the district court, district court in pennsylvania, the middle district, for more than a generation, since 1962. here's what that judge said about judge vanaskie. he said -- and i quote -- "especially qualified, outstanding, brilliant, objective and tireless." not much more you could say that would be higher praise than that from not only a colleague but someone who had decades of experience presiding over complex matters in the district court. i just want to say in my own -- in my own judgment, judge vanaskie demonstrated when he was on the district court the kind of legal acumen and scholarship and commitment to the rule of law that was -- that made his stand out in

. >> translator: president, today there's a consensus to say that we need strong governance in the eu. that's a huge change vis-a-vis the past few years. last sunday mr. -- there are other options, for example, the creation of a european date agencies, euro bonds or perhaps a european accrediting agency. so, mr. barroso, we see that things are moving quickly at least for the time being, so i have three very specific questions. is it true that the commission is currently working on a proposal to create this european monetary fund? secondly, is it true as mrs. mackel states -- i have my doubts -- that it's mess to change the treaty in order to do so? third, do you agree that this fund could only be a first step towards a true european treasury which we will need in order to sustain this monetary union? >> first of all, regarding proposal of emf, it was made that idea for, was put forward by the minister of finance of germany without giving any -- [inaudible] it seems, however, contribution to the current debate about the area, the emf is, however, a longer-term proposal which might prob

we are seeing other countries ahead of us -- canada, the eu. free and open trade, and also the idea that it has to work both ways. when we open our markets to companies in other countries, and to other countries. we want to make sure that we have access to their markets. we want intellectual property agreements that make sure we have a level playing field, to the extent that is possible, in which our companies can compete. and so it does work both ways. >> we are such an open economy in the united states. panama and colombia have 1-way trade. we have obstacles from we try to have two-way trade. in every other case, it has worked beautifully for us. we have doubled or tripled our exports. we turned a trade deficit into a trade surplus. we even have a manufacturing surplus with our nafta countries. unrelated to exports, but related to your view of going forward -- i noticed in your testimony -- your gdp growth percentages are higher than the blue-chip this year, but lower next year, and much lower next year than what the white house forecasts. i

congress and the eu government body. led human rights in china, an organization, in its help with investing in china. in 2007, the wall street journal named them -- named her one of the 50 women to watch for their impact on business. >> thank you, mr. chairman. i want to thank the members of the commission for your leadership, solidarity, and support for a difficult challenge to promote freedom of expression in china. i would like to request my entire written statement to be entered into the record and would like to comment on some of the responses chinese government officials have made while we were speaking last night, which are echoed in some of the statements. i would like to focus on a particular case and then and with some recommendations for discussion and welcome your questions. as the comprehensive and excellent 2009 report and state department report for china and recent un human rights review of china absolutely demonstrates, the human rights violations in china are serious, systematic, and widespread. on top

borrowed money, goldman was the crack dealer and did not disclose these increasing liabilities to the eu financial system, to the imf, or to the fed. it would seem not only should we very carefully review any requests he has, you have had any frank discussions with goldman about their very questionable role in this? >> they are digging their way out of the position. he has a lot of challenges to face. but he's beginning that process. and he also walked us through their discussions with the europeans to try to make sure they're managing through this carefully. now it is very important that they work with europe to put in place a comprehensive set of reforms to provide oversight over the derivatives markets. it's important to us and them. and as you know, we proposed in the house has passed a sweeping set of reforms and bring oversight to all participates in those markets, move the standardized parts of the markets on to clearing houses, bring transparency to the markets, make sure that our enforcement authorities, the sec have the ability to police, to go after, to deter fraud and manipul