europe for the first time last year. you cited the efforts of gates and his concerns, speeches about potential demilitarization in europe and secretary panetta as well. it doesn't seem to be -- have the impact or helped turn the tide on these issues, given the reality of the politics in the countries where members of the alliance and economic situation, what is the path forward here to knock the natural continuation of a decline you outlined so articulately in defense spending? >> well, i think that's the message i'm here to repeat. i don't think this is a time for agonizing reappraisals. frankly, there wasn't a time in 1954 for an agonizing reappraisal. this isn't one either. the message is that we need europe. europe is our most important strategic partner. they are the countries that when the matter sat hand will be on our side. but a europe that isn't capable to be there isn't very useful to us. and the message that says, frankly, if you can't be on our side because you lack the capability, then that's bad for us but it's certainly not good for you. is the message that i heard secretary gates, secretary panetta and secretary clinton deliver over and over and over again. and the reality is that it means that we will have to make choices when it comes to when and how to intervene and what place and for what purposes we will make choices. libya was a choice. we could have taken on the entire libya campaign by ourselves. and we decided that the interest most at stake were not ours. they were countries in the mediterranean. i herd stefanini talking earlier about the importance of the threats from the south and the understanding that these are threats to the entire alliance. and libya was a re

and an unemployment rate verging on thirty five percent has become the symbol of a desperate to europe europe to its knees. two out of every five children live under the bread line it's a record. at seven am giovanni's the family waking up in the only room that's a bedroom. so. giovanni has two sisters four and seven years of age his family lives on less than four hundred euros a month. just like every morning the children are getting ready for school and just like every other morning it's the same problem. when they have morning break and they have to have a snag they don't have anything. yes it's true that snack time is hard. because you see all the others eating and we never have anything. to eat. this morning giovanni and his sisters will make do with just a glass of milk. so i know we are living in poverty but. what can you do. on the outskirts of the city is a dormitory town where hundreds of underprivileged families live here the average monthly income never exceed seven hundred fifty euros a month. to understand the extent of the child labor problem just follow giovanni to his school

people and an unemployment rate verging on thirty five percent has become the symbol of a desperate europe europe to its knees. to out of every five children live under the bread line it's a record. at seven am giovanni's the family waking up in the new room that's a bedroom. so. giovanni has two sisters four and seven years of age his family lives on less than four hundred euros a month. just like every morning the children are getting ready for school and just like every other morning it's the same problem. when they have morning break and they have to have a snack they don't have anything. yes it's true that snack time is hard. because you see all the others eating and we never have anything. to eat. this morning giovanni and his sisters will make do with just a glass of milk. so i know we are living in poverty but. on the outskirts of the city is a dormitory town where hundreds of underprivileged families live. the average monthly income never exceed seven hundred fifty euros a month. to understand the extent of the child labor problem just follow joe. vonnie to his school and into his classr

unemployment rate verging on thirty five percent naples has become the symbol of a desperate to europe europe to its knees. two out of every five children live under the bread line it's a record. at seven am giovanni's the family waking up in the only room that's a bedroom. so. giovanni has two sisters four and seven years of age his family lives on less than four hundred euros a month. just like every morning the children are getting ready for school and just like every other morning it's the same problem. when they have morning break and they have to have a snag they don't have anything. yes it's true that snack time is hard. because you see all the others eating and we never have anything. to eat. this morning giovanni and his sisters will make do with just a glass of milk. so i know we are living in poverty but. what can you do. on the outskirts of the city is a dormitory town where hundreds of underprivileged families live. the average monthly income never exceed seven hundred fifty euros a month. to understand the extent of the child labor problem just follow giovanni to his school and

unemployment rate verging on thirty five percent naples has become the symbol of a desperate to europe europe to its knees. two out of every five children live under the bread line it's a record. at seven am a giovanni's the family waking up in the new room that's a bedroom. so. giovanni has two sisters four and seven years of age his family lives on less than four hundred euros a month. just like every morning the children are getting ready for school and just like every other morning it's the same problem. when they have morning break and they have to have a snick they don't have anything. yes it's true that snack time is hard. because you see all the others eating and we never have anything. to eat. this morning giovanni and his sisters will make do with just a glass of milk. so i know we are living in poverty but. what can you do. on the outskirts of the city is a dormitory town where hundreds of underprivileged families live. the average monthly income never exceed seven hundred fifty euros a month. to understand the extent of the child labor problem just follow giovanni to his school an

europe europe to its knees. two out of every five children live under the bread line it's a record. at seven am giovanni's the family waking up in the new room that's a bedroom. so. giovanni has two sisters four and seven years of age his family lives on less than four hundred euros a month. just like every morning the children are getting ready for school and just like every other morning it's the same problem. when they have morning break and they have to have a snag they don't have anything. yes it's true that snack time is hard. because you see all the others eating and we never have anything. to eat. this morning giovanni and his sisters will make do with just a glass of milk. so i know we are living in poverty but. on the outskirts of the city is a dormitory town where hundreds of underprivileged families live. the average monthly income never exceed seven hundred fifty euros a month. to understand the extent of the child labor problem just follow giovanni to his school and into his classroom. out of twenty five children enrolled only eight present care absenteeism from school is spreading like wildfire the deputy head i was underscore petty comes to show. mr scuse me good morning whistler another see here we have a third grade class a final here class here is their teacher as you only need to see the number of pupils here right the beginning of the academic year and it's plain to see that we have a lot of chronic absentees yesterday we went and got them from home so they were more but today they'll amazon ever so they've gone back to their normal activities where are they they should be at school. where are the well they're not at home at any rate i don't know they vanished disappeared souring the local area. this is a school with a chronic absenteeism rate over sixty percent in other words out of every hundred children in rolled sixty hardly ever come or even don't come at all vanished in italy we're not talking about truancy but chronic absenteeism the desks are empty the children gone elsewhere working when children are absent it's because they're engaged in other activities. so would you say that the number of pupils go no to work has increased since the crisis work is a complicated term here it's not right for the kids to work i'm telling you because the law doesn't allow minors to work legally so we're talking about criminality that's why our school is a gateway school it's our task to rehabilitate those children who have been forced to help their families in here it's a question of necessity you know often in order to be able to eat ten lives have to shut their eyes pretend they haven't seen anything don't know anything. what the deputy head doesn't want to say openly is that here pupils giovanni's age have only two choices to work illegally or join the ranks of the camorra the neapolitan mafia in order to combat this disturbing and chronic absenteeism the region of naples has appointed a special advisor he's a man who's resigned himself to the problem because children working illegally is the lesser of two evils. you know it's true that here we think it's better to work a legally them to be selling drugs on a street corner. in this situation is very difficult and there's no easy solution and i felt. like anything the crisis is hitting hard businesses are closing down for a kid just out of school we have to admit the chances of finding a job are slim almost nonexistent. with a one. that's. judging by the adviser's words if you want to get a job in naples it's best to start out young. fictions of fifteen years old. the youngest of six he lives in the north of the city. just like every day he's come to say goodbye to his teacher who's known him since childhood. hello burning tencent you've come to see me yes. comes to tell his teacher something he hasn't had the courage to say until now. so what are you doing this year. study think i'm going to work this year simona you know i don't think i'm going to carry on with school she will i'd like to try but i think it's best for me to go to work in jordan e.m.p. too as time goes by that is where there's less and less work basically we've seen so many factories close and it's only two thousand and twelve. multiway single mining even countries like england that are rich or france countries where they never had any problems for them they're affected by the crisis. if we look ahead to two thousand and sixteen there won't be anything left and so i've been thinking. better to find a job now instead of waiting seven or eight years. yes i know you're supposed to be in school until sixteen. but anyway i'm fifteen. anyway these days no one can force you to go to school and everyone has to figure out for themselves what to do with their lives because often and i'll swap over having to. clean the past a machine for me to hate and then i'll give you the flour and water when you finish ok maybe. for the past three months functions it has been working on the black in this bakery and his neighborhood. already and don't forget to put the salami ham and eggs in the past. ok so i think. maybe i should and i enjoy working. here always moving in feel learn how to do things. we want to have already worked before him in bar then my brother told me there was a place here and i wanted to give in. and it's also because i want to help my family my mum it really helps us. how much to earn twenty four years so we. twenty four euros a week seventy five cents an hour off a ten hour day six days a week. this boy he's my helper. yes it's true he's just a boy but he's a hard worker and he's got to grow up sometime that's life. you know is one thing that i still can't understand and i don't want to good mood but i have this one question with doing this for you that you had everything. that you gave them all know. to go your way but what for. it was a latent form he tried to restrain himself but look it will burst out anyway. if it really puts me off that i have such a father. it was one small but very great secret and i have to live with it. if you're thinking about an alcoholic drink associated with russia it's probably not going to be one that springs into your head but they've been making it here on the black sea coast for more than two thousand kids and there's an industry which really. can compete with the best the rest of the world has to offer i've come to meet some of the people going the greats and to see if i can find out the secret to the perfect. plan. but listen i. right. the. war is probably the most complex and difficult given. all of us are still locked up. in the phenomenon of friendly fire probably extends back to the invention of gunpowder. just kill a bunch of people who don't know what they're up there really is there really us people. reading. this something shoots my brother in the leg not intentional because of it because it was night times four in the morning even the best given the belch shoulders. are going to make mistakes does this whole idea of brotherhood an author and camaraderie in this sense it was in this context it has absolutely no place. this is the place that has been consecrated to god for almost a thousand of years people came here twenty some years ago so he established and asked a life on the silence. and people feel the love of christ all working. people say you can. come and something happens on this island that makes them return to it again and again they say the beloved saves them. join me james brown on a journey for the soul. only on nazi. one hundred twenty three days. really. people. are. a day before the. eastern europe a public fury in ukraine refuses. as the government hesitates and signing up to try to. crack down on terror in the heart of the russian. wrested a group of islamic extremists. i ordered the arrest of. a head of regime change in. defying the new law public gathering.

europe. europe's nestle's, how are you able to compete? >> we don't sell these products in europe. ell silk equivalent products. it's the leading dairy alternative product in europe. we have about a 40 share. growing like crazy. really driven by fantastic non dairy yogurt products we're bringing to the united states and the introduction of almond milk. >> throughout the conference call, this may be time for m&a. a lot of little guys throughout. 2014 for your company? >> if we find the right thing. what we've told people since we started marketing, we're a certain kind of business. we have five brands. $500 million brands. we run those kinds of businesses well. we're looking for brands in categories that are or can be big, that are maintaining our growth rate. we're a growth company and on trend categories, where we see long term trailing in our back so we continue to grow. >> i tell people, just because whole foods may not have a strong quarter, doesn't mean they are not selling more than ever. they are. ceo of white wave foods company. you know i like them. we'll be right back. ♪ ♪

it was there to protect europe so it could rebuild after a devastating two decades of war. europe was rebuilt. europe became prosperous and the cold war itself was won without even firing a shot. the european union and prosperity were made possible by the fact that the united states was committed to the defense of europe through the organization of nato. it was nato 1.0, an extraordinary success of trans atlantic leadership and american commitment to the defense of europe. the question then after the first 40 years is what is nato going to do. many question whether nato still had a role. turns out nato did have a role, 2.0 became post war -- post cold war alliance, which sought to do for central and eastern europe what the alliance had done the previous 40 years for western europe. enlargement of the alliance and its membership, hand in hand with the european union, helped solve disputes among and within the countries of central and eastern europe. helped promote democracy and control civil control of the militaries and helped relay the basis for prosperity throughout central and eastern europe. that

concentrate on building stronger bridges to the east because the future of europe western europe not simply ukraine but the future western europe in my view lies with eurasia in the sense of russia china and with a trade pact with europe on hold kiev is set to restore its close economic ties with the russian commonwealth earlier we discussed the pros and cons with venture capital host katie pope. according to the energy minister of the ukrainian energy minister he seems to think that it's all about economics and that it makes sense for ukraine to stay away from the e.u. free trade zone at the moment a lot of that to do the fact that we rein in on the economy is now in during the third recessions it's two thousand and eight and they've got a widening deficit to contend with dwindling foreign reserves and not perceived. foreigners over so well what about that don't grade because obviously she realises absolutely from the big three s. and p. moody's and fitch or reduce them to near and around the junk status that the likes of cyprus and greece and that really is a dangerous zone to be sitting on and it gets worse than that because

europe, europe is very interesting. it's recovering really well. >> what part of europe and are you buying individual companies or are young a blanket over more of a country play? >> well, i think beginning of the year we are buying those that were laggards and now we're going for quality because we believe the recovery has partly been reflected into the markets. we're going for quality and growth. >> growth. all right. let me talk about your u.s. treasury holdings. the bank of china owns an awful lot of u.s. debt and we went through a difficult time in washington. did that worry you at all? did you ever consider diversifying out of your u.s. treasuries given the dysfunction in washington? >> well, i think i would look at it from a macro perspective. if you take into account the exposure to treasuries from all the state owned enterprises the figure would be much bigger than the official $1.3 trillion. obviously we'll continue to invest in the u.s. market, the largest in the world, but we need to look for ways to dive e diversify our exposure. that's the driver. >> yes. let me talk about the transparency issue. there are

concentrate on building stronger bridges to the east because the future of europe western europe not simply ukraine but the future western europe in my view lies with eurasia in the sense of russia china. now let's get some more details on ukraine's current economic situation with our teens katie pilbeam the host of venture capital are joining us live here on the program good to see you this morning let's talk about this deal with ukraine and you start to politicking how much has the economics got to do with it well according to the energy minister the ukrainian energy minister he seems to think that it's all about economics that it makes sense for ukraine to stay away from the free trade zone at the moment a lot of that to do the fact that we rein in on the economy is now in during the recession since two thousand and they've got our wising deficit to contend with dwindling foreign reserves not perceived. foreigners over so well what about the downgrade because this is. absolutely from the big three s. and p. moody's and fitch or reduce them to near and around the junk status that the likes of cyprus and greece and that really

europe? >> europe is, for example -- >> a lot of u.s. institutions reduced in the u.s. and increase exposure to europe. >> yes. t was going to be even bigger than it was. we are long the europe vis-a-vis the u.s. and then in japan, as well. so i think that europe as some catch up performance, obviously, you are playing against time. i believe that in europe, it is deteriorating, it is not improving. growth is shallow compared with the discounts embarking, even, for example, in the last two years, you went from 110 to 153% of gdp. so it's deterioratindeteriorati. but in the short-term, there needs to be a rally. >> it was said today, though options are still on the table, we have discussed the merits of whether there should be qe. do you think at some point the ecb will go to a full qe program? clearly what's happened is europe, as you've written about, aent debased their currency in the way that every other g-10 country has tried to do. and fundamentals are overvalued. >> the u.s. and is japanese yen, the british pound, even against the norway and against the swiss bank, which are clearly stronger economies. eu

europe bottom. you know, eastern europe, places like in eastern europe have still shown great growth, so it's actually not bifurcated. it's trifurcated if you include eastern europe. >> good point. we see another big fight going into the debt ceiling debate. is that going to hamper business that much more? >> i hope we don't see it. i hope we figure out a way to get there. i don't think there will be a grand deal but i think there's a way to make it such that it creates a little more certainty going forward. i think that will help the u.s. economy. i think it will help industrial production. i think it's held back industrial production in the united states in 2013. and i think we really need it to create a good forward momentum in 2014. >> great to have you on the program. >> great to see. >> you you, too. >> ellen kullman, chairman and ceo of dupont. >>> $13 billion should be a lot -- be able to buy a lot, but is it enough to protect jpmorgan from future federal lawsuits and investigations? the answer could be if jpmorgan is a buy or not and give you the latest on the settlement announced today. clie

need to leave for europe ever they had opportunities possibilities and they were not interested in migrating. to the root of europe as the one that organizes the flight of africans to europe organizes illegal migration. e.u. had helped us out in combating illegal fishing all the young fisherman who are abandoning africa instead of going to europe would fish here for there would be a fish and they would make a profit. they would be able to feed their families but when they have nothing to eat when they lack the protein when they have no money they will go where they can find to go to europe america canada. so if the e.u. wants our fish it should accept our children and its country so it can't be that it takes our fish are causing misery and then tells our children to stay in their country the main public health issue in the e.u. is obesity. in our countries the main public health issue is famines so this injustice is not sustainable either we live together in a fair and it gala tarion world or we share a world of terror because you would do if i could tell you how many are in the ocean with the sea bottom is full of progress with the dead bodies of our children young peopl

unemployment rate verging on thirty five percent naples has become the symbol of a desperate to europe europe to its knees. two out of every five children live under the bread line it's a record. at seven am giovanni's the family waking up in the only room that's a bedroom. so. giovanni has two sisters four and seven years of age his family lives on less than four hundred euros a month. just like every morning the children are getting ready for school and just like every other morning it's the same problem. when they have morning break and they have to have a snake they don't have anything. yes it's true that snack time is hard. because you see all the others eating and we never have anything. to eat. this morning giovanni and his sisters will make do with just a glass of milk. so i know we are living in poverty but. what can you do. on the outskirts of the city is a dormitory town where hundreds of underprivileged families live here the average monthly income never exceed seven hundred fifty euros a month. to understand the extent of the child labor problem just follow giovanni to his school

europe would be alliance has done for many years before. enlargement of its membership hand-in-hand helps to solve disputes among and within central and eastern europe and civil control of the military and throughout central and eastern europe. and that was an extraordinary success of leadership by the transatlantic alliance. when i came to nato in 2009, the question was not to be succeeded in winning the cold war and making post-cold war europe this stable and peaceful and as free as possible as we have been able to do, with nato, it needed to be updated again and this could be attributed to what we call nato 3.0. and it is something that i would summarize that the purpose was to provide for collective defense and cooperative security by having these structures based on common values it has been some time, i think they're usually talking about how do you maintain a collective defense and new age when the threats are cyberterrorism and missiles and the percolation of mass destruction. this includes what is likely to be less and less relevant for the future and as important as its commitment to security device not only on what the 28 members of nato can do, but what nato does let the partners that it has around the world not

europe, this market has been on fire. money moving into equities throughout europe. do you think europe has gotten ahead of itself, then? >> in terms of getting ahead of itself, it's when money is being put to work in low quality names when actually it's just being used to chase returns. our point here, which i think a lot of the other guests today can actually comment on, is the fact they've been going into etfs, exchange traded funds. the reason there's so much of a concern there is that this is more of a trading mentality to get quick access to markets as opposed to long-term specific -- you know, specific stock names. what we've seen, to quantify this, it's the most volatile period on record for etf flows. we're seeing swings in flows amounting to six times the 13-year average. again, do you want to be either the last one to leave that party? no. this sh a concern. if you're in a low-quality name which actually, you know, the market might be leaving. >> you know, steve, i think you're a little more cautious than most people right now. you're not expecting the melt-up some people see as long as quantitative easing is

suspended sentence so to speak and with the problems of gas pipelines across from from iran to europe which europe needs badly for its new pipeline which has no gas without the iranians i think is a very strong probability and they just love to get in there and have all the contracts for rebuilding iraq. so i hope i hope it's real revolution from behind it's a stretch a base a journalist and political analyst alive from friends with us here. earlier we spoke to tang amir who ran in his the presidential elections in iran he told us iran is ready to comply with the international community's demands and it's up to the world powers to show their good will. this time because public as we know it at this point about accepted the basic requirements of the pipe lost on this point iran is doing what it was expected to do i think the real issue is what iran gets in return i think that's where the problem really stands now the fact the problem is the problem is that mr kerry is going to come back to washington d.c. he's not going to live in geneva when he comes back to washington he's going to to the he's go

need to leave for europe ever they had opportunities possibilities and they were not interested in migrating. to move to europe as the one that organizes the flight of africans through europe organizes illegal migration once you can the e.u. had helped us out in combating illegal fishing all the young fisherman who are abandoning africa instead of going to europe would fish here for there would be a fish and they would make a profit. they would be able to feed their family but when they have nothing to eat when they lack protein when they have no money they will go where they can find your duty. europe america canada. will be no repairs so if the e.u. wants sarfarosh it should accept our children in its country so it can't be that it takes our fish causing misery and then tells our children to stay in their country the main public health issue in the e.u. is obesity. in our countries the main public health issue is famine so this injustice is not sustainable either we live together in a fair an egalitarian world where we share a world of terror because you would you like can't tell you how many are in the oceans the sea bottom is full of to rogue's with the dead bodies of

europe. immigrants come from europe in the past. we have some immigrants from europe but not anything, a surge. instead we have had a surge of immigration from latin america on europe but as i tell people, the number of immigrants with preexisting population is one third to one half the level of a hundred years ago. it was much higher during the ellis island period, the scotch irish, the pre revolutionary period. some 60% of plan migrants came from mexico across the difficult to control land border. the thin stream of the rio grande which is not as wide as the charles river a c area in georgia, north how many lou will immigrants and illegal immigrants and suddenly the dream came crashing down in 2007 with the collapse of the housing market and if you look at the foreclosure rates in those years and look at the county's in san bernardino, riverside county, calif. arizona, i estimate a third of those foreclosures were on hispanics. an awful lot. since 2007, according to the queue hispanics internet migration from mexico to the united states has been zero. migration that

europe that we draw on the combat teams, but there is little attention to the fact that the u.s. is boosting its special forces presence in europe. i'll be seeing a more relevant u.s. presence in europe rather than just the smaller one. thank you. >> on the second, on the special operations, i mean, i don't know exactly the intent, and you can address that better, but from a stand point of relevance, the special operations versus heavy brigade today for the reality we live in is going to be a lot more relevant to the defense capability of nato and europe. >> i'll dodge that one and go after the other one. >> okay. [laughter] >> i mean, i think the nato dpr clearly put forth nato with respect to nato being a nuke already alliance. , and the fact there's a nuclear weapon is something that both the npg, the knack, all the other bodies they look at, and with a good deal of seriousness. on the one hand, particularly over the last six months, is a creation of the new arms control to the adnc as well as with the hlg when the beginnings of, okay, what is it that we need to do to look at this, and confidence building measures, transparency measures in a way that inspires some reciprocal actio

. >> here is a new way to drive from area to europe o europe. woods has become the first to play into the countries. >> dan can do that? >> six cours >> of course i can. now to germany a discovery of over a thousand pieces of art that were thought to be lost forever. much of it was looted by the nazis in the second world war. they were found in an apartment of a recluse. a self portrait by dix and the true value of this treasure trove is coming to light. among the 1400 works found some never new existed. >> some works like this. at a press conference german authorities evaded questions as to why it took pore tha for morr to make it public. instead they focused on the quality of the works. >> when you are standing in front of these works which for a long time are thought to be destroyed or disappeared it's a joy. they are in relatively good condition. some 6 thesome of them damag dit damaged. >> he was recruited by his father to sell degenerative art. hitler deemed some art immoral. that was the case of edward monk's "the scream". it sold for 120

real disaffected youth population in western europe, less influence of the west in central and eastern europe. you have an authoritarian russia . you have europethat does not end at the mediterranean but at the sahara, so it is affected by the instability in libya, tunisia, etc. europe is not just an economic story. it is geopolitically interesting and requires greater and greater attention by the obama administration. with my last two minutes, let me talk about the caucuses. the caucuses are interesting. in the 1990s, armenia was pro- russian, but was not a russian satellite. , andia was pro-western azerbaijan, because of its emerging energy bonanza, was able to play off various blocks, so to speak. armenia is now a hard-core russian satellite with thousands of troops on the ground. it just became a group of the customs union, like belarus and kazakhstan.ext even despite its massive energy bonanza, its ability in previous years to play the israelis against the iranians and the turks and this and that, has to pay closer and closer attention to what vladimir putin wants. there is a lot going on in the world, in other words that is not specifica

yorkers and born to native new yorkers and grandparents from eastern grandparents from eastern europe. europeh growing up i felt the knish encapsulated our history. encapsulated our history. definitely something linked to a definitely something linked to a jewish past. jewish past. >> a knish consists of a >> a knish consists of a filling, there was a factory filling, there was a factory fire that caused the national fire that caused the national shortage. shortage. >> when the fire occurred on >> when the fire occurred on september september 24th, the machinery 24th, the machinery that was responsible for making that was responsible for making the square knish was destroyed. the square knish was destroyed. when the firefighters came from when the firefighters came from they absolutely did what they they absolutely did what they had to do but the water damage had to do but the water damage that the machine sustained that the machine sustained rendered the machine inoperable rendered the machine inoperable and since that time we have not and since that time we have not been able to manufacture

europe. so i think it's unfair and it's not -- i think it misses totally the point of how the ecb works. i think the ecb looks at europe and europe is not doing well. we have to realize that. the last forecast by the european commission has slowed down the forecast for all european countries. so i think it's -- it loses the point, i think. >> okay. that's good to get some perspective. do you think this rate cut will actually help? >> well, let's put it in this way. had they not cut rates, it could have made things worse. so it's one contribution. it may not be sufficient because you need to bring inflation up. you need to stop the euro from appreciating. this morning it's again appreciating. so i think it's another step. i think if the fed starts tapering, there is a rebalancing because the european economy is worse, in a worse situation, so you need more accommodation. and so it's -- i think it's -- you know, some more steps are needed down the road. >> quickly want to get your take on italy. it seems as though berlusconi should be pushed out of the politics. would that be a major catastrophe? could we see the break-up of the eu

to you thank you so much for joining us live from london model mccourty expert in eastern europe in eastern europe former university of london thanks so much. three attacks targeting shiite worshipers i'm sorry we want to do that story will perhaps do that a little bit later in the meantime global powers are tantalizingly close to a nuclear deal with iran well it's a part our program looks at israel's role after the break stay with us for that. you know i love these rare moments where i actually have something that really sounds positive to share with you the f.d.a. is working to ban partially hydrogenated oils which are the leading source of trance fats and foods and possibly the cause of up to twenty thousand heart attacks per year across the usa according to f.d.a. commissioner margaret hamburg as you know i would like the chemicals in my food kept to a minimum but the thing is the people at the f.d.a. are surely aware of all the hormones in beef and jim o's being produced why does the span have such a very narrow narrow focus in fact when you look at all the things that americans consume smoke

the picture of all of the descriptor for the wicked spirit one of the topeka tape it to europe was aparently europe decided to convert them to take a ticket to pull the cable company to say that even a good deal of pain alcoa call. tom thank you very much. time and now when anti government protesters have taken over several ministries in the nation's capital. the demonstrations have also spent a number of provincial capitals with the opposition is strong that includes the tourist island ok. the capital bangkok protest leader. she said come on. told thousands of supporters that he's ready to go and die in the fight to overthrow prime minister. you should walk. critics are calling for her resignation she also faces a no confidence motion in parliament. he's accused of using an amnesty bill to protect her brother the host and former leader talks. they trotted back to brazil and is preparing for the upcoming feature will cop makes two yes two construction weapons that killed in an accident at saitama stadium. a large crane collapsed onto the roof of that stadium. it also partially destroyed a section o

he'll be going to europe, eastern europe, the middle east, and he's nipping at the heels of hillary clinton'svel. >> reporter: he took her job as secretary of state but he still praises her. >> one of the country's remarkable secretaries of state. >> i, john f. kerry. >> reporter: america's top diplomat for only ten months. but already he's racked up some significant achievements. >> it's been a long day, long night, and i'm delighted to be here to share some thoughts with you about this negotiation. >> reporter: a breakthrough interim deal with iran to halt its nuclear program. a plan with russia to force syria to give up chemical weapons. peace talks between >> in her four years as secretary of state, hillary clinton covered nearly a million miles in the air. her key issue, women's rights. >> an afghanistan that is stable and secure and peaceful is in everyone's interest, particularly women and children. but it can't come at the cost of women. and women's lives. >> she scored some foreign policy successes, repairing america's image around the world. preventing a wider war in the middle east

europe. messy picture across most of europe. remaining on the unsettled side for the midsection of europe. but things will get clearer across italy and the western balkan peninsula on your wednesday. temperatures are on the chilly side in berlin as well as vienna, but warmer than average in moscow at 14 degrees. here's the extended forecast. >>> our main stories at this hour, once again. police in central china are investigating explosions near a communist party building. the state run xinhua news agency reports handmade bombs have gone off. it says one person was killed. eight others were hurt. the agency says the explosions took place in the city of taiyuan. witness say they heard a blast. and after 20 seconds they saw smoke and sparks. a short while later, a minivan exploded. some witnesses said they heard as many as seven blasts. the news agency said small iron balls were scattered around the scene and suggests handmade bombs were used. photos posted online show the damage to nearby cars, but someone has been removing the pictures. authorities tightened security after an incident last

europe and china slowing. i've been a big believer in europe. >> you have. and china to a certain extent. >> and china is so symbiotic with europe>> japan, it was 1.8% gdp growth after a great first half. >> we're the leader in the world. >> doesn't that scare you? >> well, ask john chambers about who's leading the rest of the world. we'll get to that in a minute. >> we did win world war ii. we did become a great manufacturing power. it can happen again in our lifetime. >> world war ii? >> we got that going for us. >> world war ii? >> look, you know what, it's veterans day, it's veterans week. >> i got you. >> i think she's in keeping with the incredible slow growth we have. when these people say it's not right we have the slow growth, they're looking at the history of our country and says we need to provide fuel. >> and kelly knows more than most. on a morning with kohl's and cisco and walmart is warning about the global economy, some say she's on to thing. >> probably the more interesting thing to watch is what does she say about unemployment here. if you specifically interpret the fed's mandate until we reach full employment,

been a lot of attention in europe that we draw all the troop brigade comeback teams, but there has been little information that europe is abusing its military presence in europe. are we seeing a more relevant u.s. presence in europe rather than just a small one? thank you. >> on the second, on the special operations, i mean, i don't know exactly the intent inside. madeline can probably address that better. but from the standpoint of relevance, i think the special operations versus a heavy brigade today for the reality we live in is going to be a lot more relevant to the defense capabilities of nato and europe. >> i may dodge that one and go after the other one. but i think the nato dpr clearly put together nato as a nuclear alliance, and the fact they clearly are nuclear weapons that the u.s. has assigned to nato is something that both the hlg, the mpg, the nak, all the bodies need to continue to look at and with a great deal of seriousness. on the one hand, there has been a lot more serious in the last six months, control over the armed committee, adc, as well as the fcg, how do we look at measures in a way that will inspire some reciprocal actions on the pa

europe s important to the u.s., and u.s. is purpose to europe. -- is important to europe, our economy relationship. i think cutting off noses on spite faces. if they precede down this line. europeans do care about data privacy, and their laws are structure, more strict than the u.s. and so, but i don't think that wholesale sort of cutting u.s. companies off from some of the opportunities they had and ways they operate there would be good for either side. neil: general -- >> after all, we -- i'm sorry, we respon spend a lot of our bld pressure keeping europe secure. this is important to both sides. neil: you know a very good point. we have done big, big good things here. let's not forget that. >> and it is essential to north america and europe. neil: absolutely, general, always an honor. >> thank you, neil. neil: all right we come back, this latest assault on banks, they have to cough up billions, forget the lawsuit. you might think they have pockets that are deeper than the grand canyon. where do you think they will have to make up for that? your mortgage. neil: now it is bank of america in the gov

>> well, i think rates have to go lower in europe, maria, with the core cpi in europe, below 8% europe is very much in danger of a deflationary risk. they really have to counter that very strongly. but here at home, when we think about the easy money policies our fed has been maintaining, and i agree with the first guest in the sense that it's hard to fight that or to see that that's going to choke off the equity market returns, but the issue that we're actually seeing now on the horizon, maria, is that the fed may surprise. the fed may -- may actually look at the january meeting but probably more certainly for the march meeting if not january in order to begin the taper. that may catch some people by surprise. >> yeah. what do you think happened today? cimino, i want to welcome into the conversation. samir, felt like a quiet day on the street. what were driving things from your standpoint? >> the most interesting thing today is you had the dollar down and also commodities down. you've seen that over the last few weeks. one reason is the fed policy this time around is keeping asset pri

the vaccine needed to treat the disease is widely available in europe and australia and europe but has never been approved for use here in the united states until now. meningitis is a rare but deadly disease that can kill a patient within a couple days or cause severe disabilities. rescuers now think they have found the body of that florida man who ever fell or jumped from a small private plane off the coast of miami. crews began looking on thursday for the man after the pilot made an urgent call at a passenger had suddenly opened the door at the back of the plane and fell out. police identifying the missing man as 42-year-old harold nalis from key biscayne. authorities do not expect foul play. new video today of a deadly blast in afghanistan. it happened in the capitol city. the explosion killing at least six people, injuring about 22 others. the blast comes just hours after president harmid karzai announced that the united states and afghan negotiators had finished working on a controversial security deal just ahead of higher level talks that began next week. it's only mid november b

europe. a large part of the alliance and its membership, hand-in-hand with the european union, help solve disputes within and among the countries of central and eastern europe. it helped promote democracy and buildcontrol and it helps the basis for prosperity in central and eastern europe that was an extraordinary success of leadership by the transatlantic alliance. and when i came to nato in 2009, the real question was, now that we have succeeded in winning the cold war, and now that we have succeeded in making the post- cold war europe as stable and as we had beene able to do for western europe, what was nato's supposed to do? nato had to be updated again. i would argue that we created successfully what i would call an 803.0. we had leadership from a group of experts. i would summarize it as before see's. 4c's. cooperative security by having common structures are on a foundation of common knowledge. collective defense remains the core of what the alliance is about. easily talked about how you maintain collective defense in the new age. whether our threats are cyber terrorism, missiles, or the proliferation of wmds will stop that is not the only thing that nato does. nato is not only concerned about collective defense. it is concerned about things are relevant for the

europe, a lot of very shot people said i'm poking around in europe and i'm starting to buy big cap european stocks, a lot of people said he was nuts, he's outperformed. >> you can be right but at the wrong time.

in europe there's a focus on western europe, northern europe, particularly interested in scandinavianthere's been a bit of a disenfranchisement with southern europe. we've seen that notably. i think if you look globally, still think there's a lot of appetite of north american infrastructure although the deal flow there is slower than what the investors looked for. if you look for emerging markets, i think the interesting point there is definitely an increase in the markets around the world, particularly south america where there's a lot of interest. the one notable exception is india and china where over the last sort of two or three surveys there's been a decreasing interest from the investors in both india and china as seeing the growth. i think that applies. >> that is interesting. clearly, surveys show infrastructure is different. what about exits. at the moment private equities are really happy, right? they have a route to exit. when do these guys exit? >> that's the one people are trying to call. we've not seen many over the last two or three years. i think that is consistent wi

europe and the deals will help long term growth of countries in the region given china's investment in china's interest in the region that can help them grow and perhaps stabilize the economic disparity between western europe and central and eastern europe let's take one example on monday night we heard from other chinese officials announce that they'll be investing are partnering up with serbian and hungarian but counterparts to build a high speed rail line of this to be the first high speed rail line east of austria and germany but this kind of thing doesn't exist or so it's not just a matter of linking these countries quickly but many countries don't have the expertise that will bring in chinese expertise to help build this but they will of course cooperate with local serbian and game companies and contractors and of course fire staff and one of the infrastructures bill that would help our dogs ideally that will help the economy from both sides grow and strengthen that's what they're really excited about getting these sorts of deals here. the british prime minister david cameron is to pay an official visit to china from december the second to december the fourth. the chinese ambassador to the uk if you show me and said cameron would