conference calls past revolves heavily around international risks or currencies or crisis risk in europe or asiase for that matter, be prepared for a hammering the current quarter. in the stock goes down big after a quarter you think should be going up, it might very well be the chart talking and getting you a chance to get in cheaper than you might otherwise ever have the chance to do. now you're ready for the rest of earnings season. go get them and tell them cramer sent you. dean in california, dean? >> caller: hey, jim. how are you? hello from beautiful marin county. >> man, is it gorgeous out there. how can i help? >> caller: well, listen, i check my stocks at the end of the day, and usually you'll see a little blurb on the news headlines that says, for instance a particular stock has a close or a bye imbalance at the end of the day. >> right. >> in the shares. what i want to know is what exactly do these close and buy balances mean? do they have any implications? >> no i don't think you have to worry about it. a lot of the buying may be etf-related and on closed program. it's confusing to

political mission in the post cold war era was to ensure that no military rival or superpower could emerge in western europe in asia or in the territories of the former soviet union and when you see it that way you understand why this organization is still around and why washington why it's so important to washington's military had gemini across the globe. to you why is nato still around here and you mentioned earlier that it's a political organization again that's cold comfort for people that are the or are bombed in afghanistan in the pakistani border the people that were killed in libya i mean it's cold comfort to say it's a it's a political alliance i mean you know that when you're at the other end of the big it's pretty violent organization i must tell you and then nato is shown itself to be an amazingly violent military alliance with the end of the cold war. come on i mean this is ridiculous really. from what it was said this is out of the book and i really am surprised to hear that you know that nato is a source of instability cetera look at us you know it reminds me of a joke from do old times you know in a

american civil war has become sort of growing more interesting to historians or the general public in foreign countries in europe, asia or wherever. >> you know, i don't know. it's a fascinating question. the person who invited us was an israeli who was trained by mcpherson at princeton, who came to the united states with her father on a fellowship when she was a little kid. he was a historian of early modern europe i think. and she saw something on tv when she was in sixth grade in princeton, new jersey and got hooked on the civil war and went back to israel, came back here and wrote a dissertation on how much people basically on the disruption and mobility of human beings during the civil war, then when we went to israel we met these people who wrote on the civil war including the american civil war as a case study of thing likes innovations and communication and networks and technology and things like that. we're a little insulated. i don'ts think that -- i don't have any sense that there is some upward trend in international interest in the subject. what do you think, david? >> i think we can say there is no lack

whether it's in europe or also in asia in terms of growth rates. and one of the elements that has drive ten, accessory sales have been strong. we've had strong apparel sales. we've also had even home sales have begun to pick up. remodeling of homes has certainly been a little bit of a boost to retail sales. >> tom: what about favorites, you mentioned high end, is that expected to be the strong part of this market. >> it is still strong. not as strong as it had been. we are seeing strength in so discounters like in the off prices or like in target. we've also continued to see strength in so department stores like macy'. and we're seeing continued momentum in companies li limited where their dominant market share and intimate apparel is certainly working. >> tom: the look and view of retail tonight with dana telsey, thanks so much, with the telsey group. s >> tom: when is a bank trying to hedge its risks? when is it placing big bets that might tank the financial system, and calling that hedging? those are the central questions regulators are wrestlin

europe's debt crisis. big surprise there. leaders meet in brussels today to discuss what to do about greece. whether that country should remain in the eurozone or not. europe and asia are in the red today. the world's bank cutting its growth forecast for china, the world's second largest economy. we get data out this morning on new home sales. that will likely be a market mover. in terms of how markets closed yesterday the dow slipped by one point. americans are paying some of their bills on time. the rate of late car payments, 50 days or more overdue fell to the lowest level in a decade. that comes as lenders are starting to finance more purchases by higher risk borrowers. >>> the government's new consumer watchdog is turning its focus to present paid cards. cards are being used more especially by low-income americans in place of traditional checking accounts. the consumer finance protection bureau sometimes money loaded on pre-paid cards will rise to $57 billion last year to $257 billion in 2014. the agency wants to know more about fees attached to the cards and whether they are a good way for consumers to improve their credit rating. interesting stuff. back to y

or transportation. now we have to hot potato it out of the country, get rid of it to asia or europe to decrease supplies because there's no demand in the united states for this supply of gas. >> isn't one of the concerns with fracking it put damper on renewable energies like solar and wind and other efforts that have gone on? >> it made the prioritize of natural gas as the fuel alternative to oil, and it has given second thought to renewables plan. i think renewables are a piece of the energy mix long term, but a small one. i don't think it will flip flop to where renewables take that and gas is a back seat. >> people getting methane into drinking water, people with their own water wells, other complaints about some of the chemicals involved in fracking, chemicals placed inside the wells also getting into the water. what's response to the environmentalists who have gotten in front of the industry on this. >> you have two questions. one is biogenic methane, methane that comes into water wells from shallow gas wells. there's been examples in the movie gas lamp, you can light the water faucet on fire in ce

first off, we found out that my ad mixture, percentage of anc t ancestry from europe and africa and asia or native america over the last 500 years. and mine revealed in the middle of the shoot for the first series that i'm 50% white and 50% black. the director of the voice institute for african-american institute at harvard is a white man with an identity crisis for me. the other thing was that white man was definitely irish. >> if you could go back and visit perhaps anybody in your book or books or just in history, somebody you would really like to see that you never had a chance to meet? >> my great, great grand father. i would like to see him in the company of my great, great grandmother to see if they had an equal relationship, if it was a relationship no matter how odd it might strike us, that was based on love? a fact that she told her children that he fathered all of her children, all of their siblings, suggests some sort of attachment. in 1865, she is a slave, in 1870, she pays $1200 cash for a house in a predominantly white neighborhood. that came from him. i would like to know abo

how do you know where the money is coming from, be it europe, asia, or the sidelines? how do you measure it and its significance? >> the federal reserve actually releases figures about whether money is coming in from foreigners or not. that's how you measure it. what i also like to look at is when the currency gets strong, you tend to see a lot of money coming from overseas because, remember, the foreigners want both -- they want double whammy performance. they want a stock to go up, and they want the currency to go up. when you see the dollar go up and the stock market stabilizes, that tends to bring new money in. but the market has to stabilize or the money doesn't come in. they're not just going to make a bet on currency if it looks like the stocks are going to go down. mastering the language of the market is key to mastering your domain. don't let wall street gibberish get the best of you. always stay diversified. stay with cramer too. >>> does the market have you stumped? no fear, cramer is here. just e-mail him, madmoney@cnbc.com. miss out on some "mad money"? ge

still nervous about europe's debt crisis as leaders meet in brussels today to discuss what to do about greece, whether the country should remain in the eurozone or not. europe and asiare in negative territory. world bank cutting its forecast for china, world's second largest economy. we are getting data out on new home sales in the u.s. market mover. how the markent ended last might. dow by one point. 12,502. nasdaq losing eight points to close at 2839. it should be interesting day in trading especially around the facebook drama. back to you. >> thank you. before we go i should mention german software giant bought a sunnyvale company $4.3 billion. you know, $4.3 billion, used to be a lot of money. >> chump change. >>> christina is here with the forecast. >> 78 degrees today. that's about it in your inland cities. forecastping 79 degrees right here in san jose. and san francisco, you will get pretty close to that 70-degree mark. i'm keeping your temperature at about 69. here's something that's unique for this time of year. you hear may gray, yeah. we often say that this time of year. this morning, we are seeing completely clear sky. you saw that live look over the em

and now you are better off being poor in asia or europe than in the united states critics charles fergusony award winning director of "inside job." his new book is called, "predator nation: corporate criminals, political corruption, and the hijacking of america." part two is on our website at democracynow.org. democracy now! is looking for feedback from people who appreciate the closed captioning. e-mail your co

on a tablet in europe, or on a computer in asia, and access all your files remotely and securely. >>hird, yeah. and third cool thing is sharing your files. i can, instead of e-mailing you a bunch of photos and videos from my recent vacation, fred, i can just e-mail you a link to download all of those files or watch them online from a secured cloud service that i use. >> that's incredible. lots of upsides, but there always has to be at least one down side? >> yeah. real quick. you need an internet connection. no internet, no cloud service. number two, there's still data breaches and people trying to guess your passwords. there are still risks in trusting someone with your files on the internet. so someone could try to get your password. there's data breach, there are still risks, you know, and those are some of the down sides, and also, they don't typically store as many files as an external hard drive. not for the digital pack rats with a lot of kenchconsent. >> a number of, apple, google, drop box and now lg as well. how do you measure the pros and cons of each one? >> yeah. well, v

there will be a big question about whether the so-called it tilt to asia can actually be implemented or whether it's iran or syria or europe, something will keep dragging the president's attentions and priorities away from the large dynamic emerging economies in asia and then finally about whether the foreign policy of the united states will continue to be broadly speaking dominated by security concerns and military interventions or whether it will become more driven by economics, by development, by global growth. >> you started us off so finish it out. >> two points. one, what's the test? i think if you look back in 2015 or early 2016 and you're trying to judge did we do well? did we not in foreign policy terms, the question i would want to most focus on is are we in a tighter alliance and a productive alliance with india, with brazil, with turkey. critical emerging powers whose participation in economics is going to matter a great deal. china will be a different category and we'll have to handle it differently and manage it in a complex sense but below china, these other actors who are the new swing states, who can tilt

influences-- the age of the atlantic and the age of the pacific, europe and asia. and they're meeting more broadly they'rein this region.s city, orthe siuidenear this english tudor exterior did not appeal to today's clients. okay, thanks for coming. narrator: it is seven years later, and me oe lictshasolved at both the local and the global scales. locall vancouver enacted a design compromise. ley: in this areathere was a menu of about a half dozen styles that builders were given to work with, but by far the most popular has been, in fact, this one, that i rather jokingly call the "neo-tudor," because it is a revival of what was the tudor revival of the 1900-1920 period. narrator: as long as developers built in details like traditional chimneys, steep pitched roofs and wooden facade work, the houses could be slightly larger than others. ley: i should say that this compromise has been amazingly successful, and it shows that perhaps there is a future for multiculturalism after all. narrator: but the push to build new home s been slowe thaby a housing marketa future for muldragged 30% lowerer all. by forces at several geographic scal

or muddling through kind of process. i think that there will be a big question whether the so-called delta asia can be implemented for whether it is iran or syria or europe, something will keep dragging the president's attention and priorities away from large dynamic emerging economies in asia. and finally whether the foreign policy of the united states will continue to be broadly speaking dominated by security concerns and military intervention or whether it will become more driven by economics, by development, global growth. >> finish it out. >> two points. what is the test? if you look at 2015 or early 2016, did we do well or did we not in foreign policy terms? the question i want to focus on is are we in a productive alliance with india, brazil, turkey? critical emerging powers whose participation in global structures and global economics will matter a great deal? china will be a different category and we will have to handle it differently in a complex cents but below china these other actors who are the new swing states to put us in a positive direction or keep us in a complex space are we in better shape in terms of relations and structures for coo

be a big question about whether the so- called tilt to asia can actually be implemented, or whether it is iran, syria, here up, something -- europe -- something will be dragging priorities away from large, dynamic emerging economies in asia, and finally about whether the foreign policy of the united states will continue to be dominated by security concerns and military interventions, or whether it will become more driven by economics, development, global growth.

or asia are allies. so there's a kind of cast back to the kind of trans-atlantic, u.s. and europe picture of the world that i think is just outdated. clearly that's the case of obama's life story is much better suited to kind of the century or a period in which asia is very important and that kind of cast of characters is changing. but obama himself has found it very hard to navigate that space. it's not as if it's an easy issue. >> i have a few more questions but i want to open it up to the audience. what's going to happen is there's a microphone somewhere. there it is in the back. so if you could identify yourself and speak clearly into the microphone. we have lots of recording going on, so please be aware of that. i think we have a question up here in the front. and the one thing that i'd ask of all the questions, we want to keep this focused on the presidential election so that the three gentlemen can talk about many, many things when its comes to the foreign stage. let's keep them focused on mitt romney and barack obama. >> thanks very much. i'm garrett mitchell. i write the

probably why we see markets plunged into the red when it comes to europe and the situation is not as bad as it is for example in asia or russia which i'll get to in a moment but as you can see the footsie and the banks are starting over half a percent there now if we move on to russia they are extending that thursday's losses plunge and deep into the red both the artist and the my section is in over one and a half percent and of course the russian economy is also severely affected by oil prices and since are heading south that's i haven't and the fact on the market i'm talking about oil the russian government introduce new stimulus measures to boost the country's oil production and in particular it's introducing tanks breaks to companies extracting energy from heart sewage deposits in western siberia now these this callus will be from fifty percent to one hundred percent depending on the difficulty of the deposit and after years of production in western siberia is still rich in the oil but the companies are not rushing to develop it because of the high cost the government expects that these new benefits to help produce

europe for a decade or more. so i see it all as great news. i just want to be clear about that. because i see the problem here. and folks coming from europe, from asia, come to the united states, and they realize it immediately when they go into a restaurant. and they see the size of the entree that is are served here. and they realize we have a problem with portion control here the united states. and it's no surprise that we have a problem with obesity. and it's not just the quantity of food that we eat. it's the quality of food that we eat. we eat a lot of junk food. and you're thinking right now maybe i've come to the wrong conference by accident. but no, there is i think a strong connection between our attitudes towards food and our attitudes toward the pentagon. the pentagon has gone an enormous eating spree over the last decade and has grown enormous. and this conversation about what is it for has not taken place. yes, we haven't had a conversation among nato allies about why we should be cutting this or cutting that. but we also haven't had a conversation about why we ever spent this money in the first place. that i think is the question that

you can access all the great newspapers of asia or europe or offerings of the saudi foreign ministryook at the economic report of the department of commerce or finance in brazil and south america. it is astonishing the universe and the reach of it we have available very easily these days but it takes a more vigilant and aggressive role on the part of us. who are consumers of the news. >> guest: >> host: dear mr. brokaw, wanted to thank you for the piece you did on the olympics, people of british columbia and their assistance during 9/11. it was very moving and taught us all we need to care for each other. >> guest: it was newfoundland's. i was in british columbia when i did it. it was a place some people of eastern age will remember, used to stop for refueling on the way to europe especially if you were flying from the west coast. it was built as a long-range bomber base for refueling during world war ii and the transatlantic jets, it went into a different year. it sits up on the edge of the atlantic ocean. i have been in and out because i am a fisherman and i like to fish in newfoun

something of a pivot toward asia, and i wondered what the implication -- have we thought about what the implications of nato and with respect to signing or encouraging europe to take more responsibilities in the european theater? >> thanks, jeff, i know what it means to be an occasional academic. i feel your pain. the pivot, if you want to use that word, which seems to have resonated around, needs to be understood in the right way. this was not a pivot away from europe. it was a pivot away from a decade of war in which europe needs to become a partner. and we see europe as a partner in that activity. for us europe remains our partner of choice. it remains the place where the economic and military and political weight of that coalition is larger than any other part of the world. we need europeans to be with us to deal with the global challenges that we face together. the fact that we are spending now more time thinking about operating in asia should be seen as something europeans ought to welcome because there is stability in asia but also because we see europe not as a xcompetitor in asia but very muh as a partner, as a part of our solution to deal with th

europe and also now asia also. money is the topmost important for value of our life? this is i think wrong. this is wrong. the money or physical -- the material facility can provide only physical comfort. through physical confer, some kind of mental satisfaction is actually false, delusion. so the great peace of mind must come through sort of inner mental strength, not money, not physical sort of comfort. so that i think modern world, not only america but modern world here in china and russia. now my sort of talk, you know, also money. >> who are the most impressive world leaders that you've ever met in your life, who have that heart element to them, who understand this? >> well, i think leaders have to act according to the orders of the -- >> but who has impressed you? i mean, somebody like nelson mandela? which people that you've ever met are you really impressed with? >> i think nelson mandela are one of the sort of quite impressive. and then, then of course as individual, individual person i love president bush. >> which one? >> the younger one. >> really? >> yes. that's a human being. >> really. >> not as a presi

behalf of brookings and the united states and europe that this does not represent a strategic pivot on the part of the institution or the center to east asia. it has been our pleasure, and i hope of some contribution to the policy community in partnership with the heinrich boll's foundation to bring the conference to you on an annual basis. and i think it is particularly appropriate that we should have filled with us today. -- phil with us today. he is secretary of state of european affairs and is responsible for u.s. policy toward about 50 countries, as well as three key -- and i would add to that currently, someone challenged international institutions -- the north of montreal organization, the european union, and the european union -- the north atlantic treaty organization, the european union, and the european -- phil is back with us and will talk to us about president obama and his relationship with our friends and allies. after he finishes his opening remarks there will be a discussion involving as many of you as possible moderated by the director of research at the center. over to you. [applause] >> thanks very much. it is always nic