euro next. that's the situation right now at the warsaw stock exchange. now, let's move to nigel in singapore. >> thanks for that. we had a positive picture here in asia being helped by the positive comments from the fed. hong kong's best performance there fwb hang seng index up 2%. a lot of earnings coming out of the region. cuspy son, wanpoa, reporting a 3% drop in its first half net. 5.8 billion hong kong dollars is where they came in. it still beat forecasts. the main reason for the weakness there, less contribution from its ports as well as their oil operations. now, we just spoke to the managing director of hutchinson group. less than an hour ago, seems to be a lot more optimistic about the second half. and that's because they expect better performance from their 3g business. this is what he had to say. >> i think this year most of our unit will be break even. but however, whether all unit will come out this way, i still have to see. but next year, because if you see our subscriber base bu

we have seen volkswagen shares done from about 50 euros to below 140 euros. now it's up by more than 6% trading at 153 euros. in general, the market is quite mixed. we have carmakers lower. bmw is one of the biggest losers in the index. we had economic data coming in which were astonishingly good for the service sector. pmi service reading is above 50 which means expansion and that means, as well, if you have a look at the history, it's the first expansionary move since january, i believe. well, it was since january 2006. their companies are very optimistic over here as well as in business development. the reading is still below 50, but the market institute said that the decline is getting lower and slower. so that's all from here. we're going to paris now. >> the situation has improved thanks to strong economic pmi. the session is still driven by eads. the stock is up almost 0.7% after airbus confirmed it's still leading the race with boeing in terms of commercial activity since the beginning of the year. boeing received a 136 orders since the 1st of january

euro/dollar, 1.4269. sterling is edging lower by 0.3% at 1.6529 while euro/sterling is standing at 0.8629. christine, how is it looking in asia? >> hey, rebecca. niece tan, by the way. here in asia, a mixed session so far. at the end of the day, the fall mark with the sell-off in china taking some of the fall. some of the markets ended pretty mixed. nikkei 225 up 0.8%. a ten-month high. kospi up 1.7%. pretty good session there. lots of concerns of financials as the sectors were getting hit. the shanghai composite, 3% lower. and the bombay sensitive index down 0.2%. nymex light sweet crude is trading around the ranges of $70791. brent is trading along the lines of $74.33, up 39 cents. mike, good to see you. >> good to see you, too, christine. thank you. as we saw that spike in the ftse, the futures at this very early hour, though, have perked up here in the estates, as well. we are looking at a flat to lower open, but knot now it looks like if the markets were to open right now, we would have a higher open

it's worth 35 billion euro. natixis is expected to reach a profit for the second half of this year and it's estimating retailers of 12% in the second half of the year. the volumes are extremely important. still in the banking sector, dexia is trading higher. the banks is due to set quarterly results after the market close. dexia is up more than 3%. we have alcatel-lucent after natixis raised its recommendation from the stock from buy to neutral. however, the company lowered its guidance ford second half of the year. that's to compare with the previous target of low single digit growth for sales. now let's have a look at the asian markets with adam in singapore. >> stephane, thank you very much. it was a robust session for asia today. china was leading the pack higher. there was a lot of volatility in this market and you can see it in the interday trading charts. investors are really concerned about the release of the annual report that came out yesterday, suggesting that they work on liquidity in the banking sys

euro/dollar, 1.4246.sterling has been weaker, but it's, again, come off its lows. 1.6219 at the moment. euro/sterling, just below that 0.88 point. christine. >> hey, ross, lots of question marks about the state of the economy. equity markets taking a beatinger after coming up in recent weeks. the nikkei 25 down as a result. the kospi down 0.9%. the shanghai market, concerns about oversupply hammering this market. and the hang seng getting dragged down as a result of weak earnings and poor earnings there, 1%. not a lot of direction, given what's happening in the market today. mike. >> we've still got five hours to go here, christine, until the opening bell in the united states. but the futures, that said, are seeing a slight improvement in the last half hour. so i think the most important thing to watch is what the dow is going to do because this could be its eighth straight up day. and that would be its longest winning streak of this year. as you can see, all of the three major indices are pointing to a f

euro slshl dollar flat 1.4357. sterl was above 1.07 yesterday. currently at 1.6728 against the dollar. christine. >> hi, ross. this is how the markets are looking. a bit of prot taking. the nikkei 225, a ten-month high. corporate earnings continue to be in focus. pushing this market to reverse early losses. the kospi is up 0.7%. the shanghai and the hong kong market tanging today because of all the concerns of tightening in the chinese liquidity market and the bombay sensitive index is trading down almost 2%. bertha, it's all about jobs and we're keeping that in mind here in asia, bertha. >> yeah. it's all about jobs. let's take a look at the futures. we're likely to be fairly flat ahead of that 8:30 east coast releast. we've got -- well, we've got the dow futures now moving down. dow futures now below fair value on the back of those british numbers, it looks like. we've got right now the dow down about 22. we've got the nasdaq futures also moving lower. they had been higher earlier in the morning and s&p futures right now are off about 4 or so.

euro/dollar, 1.4096. euro/sterling, reaching a day high, as well.bviously an impact on that in the minutes, too. u.s., sterling, 0.8592. chloe, how is it looking in asia? >> lots of investors taking their cues from what came out of the moerchlts of the shanghai composite. the final score is not looking pretty at all. off 4.3% on the shanghai composite. not stepping in to prop up the markets. there is something else. we were talking about bank earnings. with bocom, that would be bank of communications kicking off the earnings season in china. numbers, up about 15.5 billion yuan, pretty much in line with the forecast. tomorrow wealth the big one, icbc, the world's largest lender. the growing concern is that they had the record pace of lending in the first half but that their net interest margins were under a lot of pressure. that's a look at the market asian action. let me toss it over to bertha. >> thanks, chloe. we're taking our cue from asia this morning, as well. futures are pointing to a lower start. we don't have any data today to speak of the o

that's according to euro stats. producer prices of 1.3% in june and declined 6.6% on the year earlier period. this is the largest annual decline since comparable records began in january 1982. a little more sobering compared with the data we've seen as of late. >> if you're just joining us in the united states, welcome to the start of your global day with "worldwide exchange." we broadcast live from the u.s., asia and europe. here in the u.s., we're going to get some data today with regard to inflation. one of the fed' favorite ones, which is the pce deflator, that's the one they watch as we get personal income and spending. ahead of the bell, midland is featured after the close. krafs is going to be the headliner. about 50 points below fair value. nasdaq and s&p futures are lower, as well. not unexpected to take a breather when we saw all the indices up at highs for the year with the s&p passing that 1,000 mark, the first time since before the election last fall. the bonds in the euro zone, it's right where it's be

euro/dollar, 1.4331. sterling/dollar, 1.6282 after getting below 1.62 and euro/sterling on that 0.88 mark. christine, good to see you. >> hey, ross, good to see you. happy friday. here in asia, increased confidence from the global economy helped to pull stocks higher, but not the picture we're seeing in shanghai right now. this particular market ending lower 279%. that dragged down the hang seng, as well, down 0.7%. the bombay sensex is down 0.4%. we have the nikkei 225 and the kospi putting on gains. the national elections are this sunday. the nikkei 225 managing to tack on gains of 0.6%. the kospi up 0.5%. in terms of crude, this is where the picture stands right now for nymex light sweet crude, $72.888 a barrel. brent is tacking on gains of 27 cents, $72.78 a barrel. hi, courtney. good to see you. >> hi, good morning, christine. good to see you, too. here in the u.s., of course, we're quite a couple hours away from the open market trading. but right now, futures are looking okay. looks like we are in p

i like sweden versus euro. i like the knock can i, the norwegian kroner versus the euro, as well. those are very, very good cross rate bets. as far as the dollar, i think you've got to pick your opportunities and wait for levels like 1.45, 1.46 on the euro/dollar and then sell at those kind of levels. i don't see the fundamental arguments to embrace a much weaker dollar from here. >> should i be doing this through etfs? what do you think about that strategy? >> you can but i think really for the average investor, i think you just want to keep to spot-related trades and just focus on individual currencies wherever you can. you know, i think there are a variety of different ways you can express a currency trade. just go to the heart and go to spot i think. >> would you buy the chinese yuan. >> a tough one. that's one for the professional trader. >> you can do that through an etf, as well. >> you can do it where if you actually look at the five-year forward, it's not the most liquid contract but that's only looking for appreciation of about 4%. i could see that appreciating by at lea

>>reporter: the dutch club has an annual budget of 37 million euros and spends around 800,000 euros a year on this academy. >>: the players are motivated - they know that just by being here they are being groomed for a shot at the big time. >>adam: my football ambition is to become one of the best strikers in the world and become the top scorer inthe world. >>reporter: in fact delegations from major european clubs including chelsea and liverpool have come out to this football outpost to see how it works and how to copy it. >>: they are under pressure to avoid dodgy agents who bring kids over with false promises on a freelancebasis and who often leave them stranded on the streets of european capitals. >>: the academy system here provides a structure and an insurance policy for these kids. >>baffoe: in a lot of occasions players are being taken abroad with not even reading the contract properly. the contract is in a totally different language. a lot of people are doing tricky things with young players who are innocent. >>reporter: part of the problem is the lack of a single cross border

elsewhere, euro/dollar below 1.42. sterling is below 1.65. euro/sterling is steady around 0.86. stephen gallo, good to see you. we'll talk about the chinese impact in just a moment. before that, we've got the fed meeting starting today. probably a bit of covering of positions haedz of that. but i wonder whether coming out of this, it will confirm whether the dollar relationship towards risk appetite has broken down. >> the short answer to that question, i think, is no. i think by and large going forward, if we do see some sharp declines in equity markets or on the reverse side of that, we see any large rises in risk appetite, the dollar will start moving. there is a big feeling, though, ross. there is a big feeling coming off that nonfarm payroll number in a week. potentially the dollar will begin to do well now on this motion that the united states is emerging on recession and outperforming a lot of its peers. since q1, we've seen a big die vergence is how the u.s. is confirming compared to places like the euro zone, the united kingdom and japan. the point is markets are not tr

the euro zone, pmi and other data looking pretty good. we've got the ten-year bund yield ticking down to 3.32. looking at the ten-ier in the united states, no bond sales this week. however, we will get news from the treasury on how big next week's sales of three-year, ten-year and 30-year notes will be. the big economic data is on friday with the july jobs reports. that's the one area that everyone keeps talking about that we're not seeing any improvement in here in the states.. >> isn't it amazing that all the economists tell us data is back. everyone in the market looks at it for direction. let's look at the european markets and how they are performing at the moment. looking pretty good last time i looked and are building on that momentum. the banking news out of the likes of hsbc and barclays has been ambiguous. on another day, people might have loan at the nonperforming loans, but they looked at the net figure overall and said we were ready for a downtick in the former areas. a big gain for the european markets. the dollar as well.. i

in terms of euro-sterling looks a bit better. we expect some resistance around 0.8650. >> speaking of the euro, what do you think will happen this week in general? we have data coming out tomorrow. what should we expect as the week goes on? >> well, i think we test the down side in a couple of ways. i think 1.4050 in euro-dollar, maybe down to 1.3860. cable further tested to the down side. and also the yen. i think the yen is a perfect indicator. last week we discussed about regime shift from equity markets from risk appetite. interest rates driven currency market. still too early to draw any firm conclusions from that. this morning, i think we trade risk aversion.. people inclined to buy dollars. massive dollar buying during the asian session. i think this will go on unless that is much better tomorrow. >> it's bertha in the u.s. how much of this do you think might be related to just unwinding of positions? we're coming at the end of the summer, looking at the end of the month in the next couple of weeks. not that many players i

it's actually up against the euro and the dollar since then. quantitative easing is managing bund yields to some extent. at the same time, if it is due to have the desired effect of convincing people that the worst is behind us, then bund yields will probably rise natural anyways. it's arguable this has any effect at all. i don't really see that this is -- i can see where the policymakers are coming from. bernanke and the u.s. flagged several years ago he would do this if conventional stimulus measures didn't work. but i think it's very arguable whether it's having any effect at all. >> paul, this is christine. asian markets getting a boost on the jobs data. perhaps assuming that the u.s. could lead the world into the recovery. it sounds as if you don't agree with that? >> no. i don't think so the u.s. will lead the sborld recovery. there's a question if the emerging markets in asia can generate enough domestic demand to see economic recovery in their borders. i think the longer term, that's probably going to happen.n. but it's a very tough adj

for a 5800 euro cap bonus. if the united states, buyers can claim a tax credit of up to 5,300 euros. in germany, buyers currently get nothing. but the government says it will subsidize the purchase of the first 100,000 cars beginning in 2012. >> that report from germany's deutsche welle tv. >>> and one more story from europe, that is truly a sign of the times. switzerland is gaining ground and italy is losing, as the border between the two countries shifts 164 yards because of a melting glacier. the warmer climate means the final stop of a ski lift on a mountain near the famous matterhorn is now in swiss territory. >>> in another sign that north korea may be starting to open up to the rest of the world, that country's leader kim jong-il, sent condolences to the family of former south korean president kim dae-jung today. he died yesterday. he won the nobel peace prize. in his efforts to reopen relations between north and south korea. >>> headed home today after three arrests in myanmar and also known as burma. h

euro/dollar, 1.3423.terling is looking steady after gains initially on the back of that retail sales data. christine. >> rebecca, china is playing a big role, big part in dictating how markets performed today. asian markets did a lot better. nikkei 2251.8% higher. the shanghai market up 4.52% and that gave the hang seng index a big bounce up, as well. and the sensex index in india trading up 2.2%. so a pretty good session overall here in asia. in terms of oil, we're seeing a die vergence as far as nymex is concerned, $1.18 to the positive, $73.60 a barrel and brent, let's see if it's still die verging away -- it is. down 42 cents, $74.17 a barrel. rebecca. >> thanks for that. james bevan is with us now. let's get straight into the markets. we've seen huge amounts of volatility, particularly in the asian markets this week. but it looks like another strong day today. what's your impression on where we're going at the moment? are we just lang wishing in the low volumes of the summer? >> low sorls are clearly

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

the periphery being eastern europe and euro-asian.t it's a strategy ultimately might limit its military imct on central and western europe. russian military intervention are pressuring appear to drive overall european political considerations, and economic necessities more than military concerns. and agonizing eastern europe greatly, and unsettling some european leaderships over all. does, ukraine and georgia remain what i would call geopolitical pivo to hearken to make enders stands on important conntal issues f russian military strategy. but russo-european security dilemmas may actually focus much less on military issues than on euro russian energy challenges as well as how the european union continues to integrate not only new members, but alsoeach out to its eastern periphery, which is increasing late euro-asia. and also how an uncertain north atlantic treaty organization impacts on euro-asian security. and those are the basic argumdnts that i have made in this initial draft. i think what's important is that as the first decade of

let's find out where the dollar and euro are tracking.ow is the fed going to impact the dollar? >> i think the fed will be good news for the dollar. basically, what we've been seeing here is that since last friday, the dollar was actually doing quite well on the back of good payroll figures coming out of the u.s. people were starting to think hold on, things may be out changing here, maybe instead of a risk aversion being good for the dollar, that's going to be bad for the dollar. so good news coming out of the u.s. will help it. i don't care there's going to be that sort of change going on here and i think the status quo will continue in the sense that as far as the fed is concerned, it's probably going to give a far more cautious view of the u.s. global economic recovery. you know, that's hardly surprising when you actually look around the rest of the world and see, really, what's happening. i mean, you can look at china. we've had some news out of there today that's not particularly positive and sterling has been reflected and things l

if the united stes, buyers can claim a tax credit of up to 5,300 euros. in germany, buyers currely getn. t the government sayt will subsidizthe purchase of th first 100,000 carseginning in 2012. that ro from germany's deutsche welle tv. >>>nd one more sto from europe, that is truign the times. zerland is gaining gound and italy islosing,s the bord between the two countries shifts 164 yard because of a meltg glacier. the warmer climatemeans the fil stop of a sk lift on a mountain here in the famo ma horn is n in swiss territory. >>> in anothr sign th north korea may betarting to open up to the rest of t world, that country's leader kim jong-il, se condolees to thefamily of former south korean prese prident. he won t nobel peace pri. >>> american. >> jayo jintao arved day. jintaoietnam veteran has diabetes,sthma andccording to his ex-wife suffersrom postraumatic stress disorder. he was sentenced to seven yars ha labor after aizarre incidentn may when he swam across the lake of a home of the detained democcy leer suu kyi. suu kyi's sentce was extended anothe

if the united states, buyers can claim a tax credit of up to 5,300 euros. in germany, buyers currently ge. but the government says it will subsidize the purchase of the first 100,000 cars beginning in 2012. >> that report from germany's deutsche welle tv. >>> and one more story from europe, that is tru sign the times. switzerland is gaining ground and italy is losing, as the border between the two countries shifts 164 yards because of a melting glacier. the warmer climate means the final stop of a ski lift on a mountain here in the famous mata horn is now in swiss territory. >>> in another sign that north korea may be starting to open up to the rest of the world, that country's leader kim jong-il, sent condolences to the family of former south korean presid t president. he won the nobel peace prize. >>> american. >> jayo jintao arrived today. jintao a vietnam veteran has diabetes, asthma and according to his ex-wife suffers from post-traumatic stress disorder. he was sentenced to seven years hard labor after a bizarre incident in may when he swam across the

the dollar is stronger than people think, when you say the euro is 1.1, people don't realize the eurorading zone has grown over the years. it's very big. 1.41 to 1 is really even when you consider that the gdp of the european zone is now much biller than the u.s. there's no reason the u.s. dollar is on par with the euro because that is a bigger economic zone. >> why are you measuring the dollar against another flawed currency? why don't you measure it against gold. >> oh. >> it's gone from 35 cents and ounce to almost $1,000 an ounce. thank you to the federal reserve. >> michael, even with gold nearing a thousand, you as you caught me, it's still at half the price of its peak in 1980 when you adjust for inflation. >> why do you pick 1980? the bubble year? >> the other -- >> right? >> was that your evidence for strengthening the u.s. dollar? $1,000 an ounce. >> am i the only person that looks at a chart and see it going down. >> can i step in and defend michael. i agree with him. i'm shocked. we have that commodity inflation. not because it's the summer months, oil has drastically gone

averaging 3.5 million euros. 39 companies are lisd on the exchge. one company,elecommunications firm pattel, accounts for almst half the index' value. an ivestor wants touy to the company. brokers ar followi the deal. >>ranslator: the palestinian market is reallydown at moment and we're down with it. >> translator: i think it's still going to tak a long ti. we'ra long way fm being able to compete wi the other stock markets. >> reporter: the nablus exchange is now working to attract mo instors from theiddle east d palestiniansiving abrd especially in south america. >> t minute ere's a slight improventin the political and diplomatic front, particularly the prospectsf the peace agreement with israel, growth is going to come to the paleinian's stock exchange and when it comes it' not going to be 20% a 30%. butmuch, muchore. reporter: plans to take the exchangeitself public b 2010 butest way to attract instors and bring sustainable growth to the wst bank economy will be long-term peace reement. >> that was deutsche welle >> and that brings us to our segm

you just look at the euro and aussie, i'm using that as a proxy for the dollar right now.them out it could get mildly scary but as long as it seems like a contain break i think it's still good for the stock market. >> jimmish let's do a 101 for our viewers. for an average viewer who is slightly long the stock market, should they be happy about dollar strength or dollar weakness? what should an average investor want? >> it's the absolute toughest question to answer, mike. thinking is they should want mild dollar weakness. as soon as it becomes anything more than that, then it becomes scary. if you're long the miners in gold and things like, that then you wouldn't carry the weight because even scary dollar weakness would draw money into those. if you're long the market as a whole you want a grinding you dollar lower for now for a short period until we get back on our feet. i want the day to happen when people are buying the dollar from around the world in order to buy u.s. companies but that day is not really today. >> so modest weakness but not any kind of serious drop. >>

averaging 3.5 million euros. 39 companies are listed on the exchange. one company, telecommunications firm paltel, accounts for almost half the index's value. a kuwaitan investor wants to buy he company. brokers are following the deal. >> translator: the palestinian market is really down at moment and we're down with it. >> translator: i think it's still going to take a long time. we're a long way from being able to compete with the other stock markets. >> reporter: the nablus exchange is now working to attract more investors from the middle east and palestinians living abroad especially in south america. >> the minute there's a slight improvement in the political and the diplomatic front, particularly the prospects of the peace agreement with israel, growth is going to come to the palestinians stock exchange and when it comes it's not going to be 20% and 30%. but much, much more. >> reporter: plans to take the exchange itself public by 2010. but the best way to attract investors and bring sustainable growth to the west bank economy will be a long-term

the euro copter, as-350, believed to be the helicopter operated by liberty tours involved in the mid-air collision, ten accidents since september, 2008 with three fatalities, jon scott, are you with us? i want to ask jon, how does that sound to you, for a safety record? first of all, with the piper. >> until you know how many aircraft they are talking about, i mean, piper builds a lot of airplanes, and there are a lot of them, i mean, there are piper could bes built in 1942 that are -- subs built in 1942 that a still flying and until you know how many aircraft you are talking about it is an argument without an answer. >> jamie: even if according to the brain room research the piper pa-32, specifically ten accidents since november 2008, 12 fatalities. i'm not an expert, that sounds to me like a plane i might not feel as comfortable flying. >> reporter: well, if there are 10,000 of them in the air, you know, if there are 1,000 of them in the air, until you know the number of aircraft we are talking about, that is -- it is just hard to extrapolate any information from that statistic. you kn

september 2009, the new euro 5 emissions standard comes into effect. that's more natural gas conversion as carmakers have to have a 28% reduction in emissions and an 80% reduction in particulate matter. it goes a long way toward achieving those cuts. i would not be recommending fuel systems if it also hadn't reported a spectacular second quarter a week ago, earning 46 cents per share. beating the street consensus estimate by 13 cents. it makes you money. it actually makes money. it's profitable. hurr hurray. the company raised its expectations by 30 million, upped its gross margins from 25 to 27% range to between 28 and 30. trades at 15 times 2010 earnings. it's cheap for a company with 22% long-term growth. a lot of growth managers will pay 22 times earnings for that kind of growth. that would mike fsys a $43 stock and that's without the big earnings boost that i expect from the nat gas act. the bottom line, the idea is finally gaining traction in the u.s. and fsys would be one of the biggest winners of the passage of the bill. if the bill fails, some

. >> el narcotrÁfico prefiere extranjeros a los que ofrece hasta 7000 euros, las nacionalidades mÁs comunesos unidos, se abastece mayormente de mÉxico y colombia@ >> una h@h@tmóc[íakph@h@tmóc[ jefes, a los que sÓlo conocen por seudÓnimos. >> noticias h@h@tmóc[íakhkph@h@ prepara para mejorar su capacidad operativa tar. >> habÍa un pasajero en un aviÓn que iba desde estados unidos a san pablo. >> anuncio del pentÁgono despuÉs de dos décadas de incÓgnita sobre si estaba vivo o muerto. se identificaron los restos del capitÁn fisher, cuyo aviÓn fue derribado en irak en 1991. >> impresionantes imÁgenes de los incendios en las islas canarias. abrimos nuestra ventana al mundo. >> la ferocidad de la llamas, muestra el incendio de tras de varias viviendas. las personas tuvieron que evacuarse cuando el fuego se descontrolaba. >> una estaciÓn subterrÁnea para trenes se derrumbÓ en el oeste de china, dos obreros muertos. las imÁgenes muestran a las brigadas tratando de rescatar sobrevivientes. >> otro derrumbe en canadÁ durante un concierto de mÚsica, que terminÓ en tragedia. una persona muriÓ y 15 te

versus the euro and the yen, one of the big factors that goes into making that stronger is whether theink economic growth will be much stronger in one country versus another. people are all of a sudden thinking that economic growth is going to be much stronger in the u.s. than it is going to be in japan and in europe than the dollar will rise against those currencies. >> so you reverse engineer that that that's what they must be thinking because the dollar went up. i got it. that was made sim plchlt thank you. dan gross senior editor at "newsweek" magazine. great thanks. >> thank you. >> you know what they say about rugby players. they eat their dead. and their mascots apparently. some scrum. speaking of scrum, there's nothing left of this man but his mustache after secretary of state clinton got done with him. 13 words that ended the career of ex-ambassador john bolton, best persons, next here on "countdown." taking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. >>> best in a moment and the best 13 word joke by a poli

>> if you look at the euro got a little lucky, guys. i've been looking for 145 to be the resistance area and as of thursday, we came up to 1.44 and change. i printed out a recommendation to my readers thursday night to sell the euro on the opening friday morning. by the friday bell, i had about two big figures of profit under my belt. you can see the trend line that dates back to february, 2009. comes up here at around 1.38. again, i think the dollar was oversold. i think it makes up some ground here. i'm looking for around 1.38. if the market can get below 1.41, i'll just continue to lower and take a conservative approach. >> greg, when you look at the techniqueals everyone is talking about the overweight trades, whether it's everybody being short and the dow having to pile back in or guys that need to be the other way on the euro, how much of that are you seeing and as a technical analyst what do do you about that? i don't think the dollar is going a lot higher but in the short run i think it's going to go a lot lower. >> tim, you hav

it's weak although i will point out that the dollar euro is stronger against the euro.look at oil, usually with weak dollars, we have been up in the oil market and continuing the pace of the sell off and could be a few reasons. i will give you a couple right away. we have 7496 and got slapped in the face to the downside. the deficit projections, maybe that means long-term recovery is difficult. also china weakness overnight is another thing. michelle, i have other things i want to talk about. the american petroleum institute comes out at 4:30 p.m. eastern time. this number can leak out a little bit more than they used to and maybe people are selling at what might be surprise. >> conspiracy theory is right up michelle's alley. >> there would never be a leak. never! >> better than expected news on the home front we have been telling you about. posting the smallest declines since april of 2008. is the market stabilizing and are we turning the corner? >> we have been tracking the home builders and they are all in the green. posting advances. back in a moment. @@@@ carol, wh

the euro zone notably late in reaction to all of that.on this particular playing field, you would spec'd them to move farther and faster in the western economies compared to those in the east on all else being equal, that would suggest in the end eastern currencies would rise compared to the western. but that is kind of where i would see the answer to that question. >> okay. >> paul, this is christine. just to follow up on what you said, what kind of recovery are you looking to see, will it be a u shaped, w shaped, l shape? are you running out of alphabets? >> i don't see any of the alphabet letters that suit what i see. i think we've seen probably the worst of the worst and we'll probably get a quarter or two of positive gdp growth. that's fine. the problem i see is that if you look out beyond two quarters, the fed is pulling the punch bowl, the obama stimulus plan i don't think is going to work. once the economy has to stand on its own two feet, i don't think it's going to be able to. and that's the problems i see md 010. i don't see th

now these of course are going to be 12 and 13 euros. they are not prepared to think about death or dying, but they perhaps are smart enough to know that they too will get there someday, or they certainly sensed that their parents or their grandparents will. so you have 30 seconds of their attention because they are about to go play on the wii or something else like that. >> what a great question, susan. well, what i would say is if you are right, not to talk about death, but most importantly, this gets to the topic of the whole session today, is that my hope for her would be to live in a country where she didn't have to worry about going broke because of health care expenses herself personally. that she could live her life and be confident that there would be some reasonable approach to providing medical care for her parents, for me, and for her, should she need it that would be affordable. and that she could actually be reasonably confident that it would be good quality care. and so that, that would be the main thing. what i would also

>> se habÍa acumulado porque nadie habÍa ganado el premio h@tñygauqlúkph@h@h@tñ >> 212 millones de euros

all for a romantic getaway for one euro cent.e will meet a local golfer whoa at 91 years old has just won an olympic medal. fieidch dav baker is d sinpegnd first night in inlejagad afte pinad drineilodayo ery5,12ak bd. july 125, baker was ate tees after being involved i ntdecin iaf cident in arlington. court records show his blood alcohol level at the time was more than twice the legal limit. julie carey reports. >> reporter: three weeks ago dave baker was the highly respecte alexandria city police chief. but tonight the former chief is in the arlington county jail to serve a five-day sentence for drunk driving. baker stayed out of public view as he came to court and pleaded zbilty to the dwi charge facing him. baker's attorney says the former chief rejected any notion of fighting the charge. >> i think way dave sees this is that he's supposed to be a role model and is supposed to be an example and he made a mistake. and he -- he should pay the appropriate price for it. you know. as a lawyer, you think that -- only need to pay th

up to seven months of roll overs the jackpot in the italian luxury reached 144 million euros. lottery fever is gripping the country. >> there were celebrations in some towns as they -- as he took the meters -- took the championship. he broke his own world record by margin. the world wonder, just how much faster can he go? >> is she or isn't she? south african athlete is being crowned 800 m world champion, but she faced a test to find out whether she is in fact a woman. a blistering performance from someone who was unknown a month ago has created doubt. the south african say she is a woman through and through pierre >> she has to wait until today to receive for gold medal. she may have to wait several weeks before gaining the recognition that comes with that. just when the south africans should be celebrating her success, she is having to defend her reputation. they want to know whether there are medical reasons behind her sudden rise to prominence. she will have to undergo a series of medical tests to prove that she is female. there may well be a by will bosch -- violet telex

"euros" is the most popular program. -- "heroes" is the most popular program. madonna said that she was compelled to talk about gypsies well onstage in bulgaria. she was jeered by the audience and she said that the discrimination made her feel very sad. there have been many cases of discrimination reported in the past year. the national museum in the netherlands which supposedly had a rock from the moon landing turned out to be a piece of petrified wood. it was given to the government by the prime minister -- by the ambassador to holland. the british animation industry is under threat. why the cartoon capers may be drawing to a close. >> the animation is worth $70 billion worldwide. seeing somethin it is something that britain is good at. this is one of a handful of british animator's making shows in this country. he is working on a children's program. we asked him to illustrate the difficulties he is facing. here's the problem, an animator comes up with an amazing idea for a new children's program. he takes it to a finance year. he loves it, ray. then, the bac

been a huge continuation for the same reasons we saw resistance on the sterling up at 170 and the euro at 144, a lot of anticipation is you're going to see a weaker dollar along with the same in crude. we're seeing just the opposite. that does set the stage for the way the equity markets are anticipating much profit taking in a bearish case scenario. i think the dollar could lead a lot of people in scenarios right now if we do not see that kind of follow-through. >> you think the dollar is going to strength? >> i am. i think reasons being that the dollar right now has started to see a lot of currency reserve formulations and for the same reasons that i think the fx cross you're starting to see from sterling into euro starts to equate into more demand for the dollar at these levels. canada is great example when we saw 90 cents versus the dollar. big resistance. the sterling canadian cross was one of the reasons you started to see more allocations into the dollar. you're starting to see a formulation where more dollar demand will not be just export driven but the reluctance of the consum

dollar is down against the euro and the pound. 1.4266 against the euro and then with a weaker dollar, has gold managed to eek out a gain? 6 bucks or so to $959.10. overseas this morning, let's talk to christine tan in singapore but first to london. an interesting morning with martin baccardax. >> interesting, indeed, carl. a lot of us are questioning the assumptions about the growth stories after these surprise numbers out of france and germany. it must be remembered that they have done this with a very small amount of fiscal stimulus. both governments were reluctant to spend that much even in the case of germany an election in september. i think it's remarkable now that we have such a swing in expansion. one robin does not a spring mistake. we don't know if this is a trend that is going to pull all the economies out. and the whole of the euro zone did contract by 0.1% in the same period. so the lagger ed around the edge are bringing down the engine room. still, the numbers are pretty impressive and that's led to the positive tone we have in equities across the board. 0.9% on the ftse

there were fears that the culture of big bonuses is creeping back, especially after 1 billion euro packages for bnp paribas. now, new rules. as traders lose money, they will incur penalties. president sarkozy was determined to set an example. >> no other country agreed to such specific anmeasures. >> the banker's fault. -- the bankers followed. >> following the wish of the french president, french banks commit themselves in a clear and accountable way. this will lead to paris as a financial place of reference after the crisis. >> sarkozy wants to make the agreement globally enforceable. next month's g-20 meeting in pittsburgh is where he plans to present his plans. >> this is "world news" today from bbc. president obama said the death of u.s. senator edward kennedy is the end of an important chapter in our history. more on that story now. a short time ago, former u.s. president jimmy carter give his reaction to the news of senator edward kennedy's death. >> like all americans, we are distressed at the death of a great man. i knew ted kennedy very well. in 1980, he ran against me for the dem

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euro/sdorl, 1.435.ld, it's been stuck in a pretty tight trading range for the whole of this week. looks like groundhog's day, doesn't it, carl? $952 for what you have to pay for the gold stuff. >> the golden groundhog. >> yes. to the oversees markets now, christine tan is standing by in singapore. first, let's get out to would you cease sa porresonp. >> well, i hope we're friends, mandy. i like to think of us as that. >> yes, we are. >> it's a relatively friday news flow wise. however, still a lot of activity in certain places. you were just talking about confidence, the potential for a recovery. remember that you do have a bond guide sitting around the table, so you would be less optimistic on a full scale recovery that you've seen in the equity markets. but it does seem like we're seeing bleeps of a bright spot. last year, of course, just as a reminder, the dow was off by approximately 6%. a completely different scenario right now. the month of september historically is very weak. december will be cru