do we just assume after the break that they allowed the freehand to take control?: the chinese government still has very much a controlled economy. i'm not sure this has been totally a bad thing but the western world is not appreciating that there has been a lot of intervention in the stock market. on the other hand they have probably deregulated a little too fast. it is probably too much. that is why they tried to stabilize things. see it isideal influenced by the government. support isment understandable. jon: thank you very much for joining us this morning. we recap all of the big weekend action in jackson hole summit and preview everything for the rest of the week. join us in two. ♪ jon: good morning and welcome back to bloomberg tv. the 4100 is closed today. many -- the ftse 100 is closed today. many of you enjoying a bank holiday. the dax is just off a session low. in italy treading water. i will talk energy very quickly with you. oil gets absolutely slammed and then stages the biggest two-day come back in five years. wti north of $44 a barrel this morning. t

and for congress to pull back the freehand the president has had this negotiation.i think we need to go in. part of the reason we need to have this debate will become stronger as we go through this. as we talked about on this panel, the types of resources the united states needs in the region are cheap -- aren't cheap, and they aren't free. under our types of other problems we have right now particularly with the defense budget, i think conversation debate this issue understand what is in it, but also commit to understand what it means for america to have a commitments to our own interest, to her allies within the region. only by having that debate, we get stronger coming forward. mr. crowley: i think

and for congress to pull back the freehand the president has had this negotiation. i think we need to go in. part of the reason we need to have this debate will become stronger as we go through this. as we talked about on this panel, the types of resources the united states needs in the region are cheap -- aren't cheap, and they aren't free. under our types of other problems we have right now particularly with the defense budget, i think conversation debate this issue understand what is in it, but also commit to understand what it means for america to have a commitments to our own interest, to her allies within the region. only by having that debate, we get stronger coming forward. mr. crowley: i think we're almost out of time. you have a closing thought? ms. laipson: it's not going to be a black-and-white story. the iranians themselves might be political backlash that hasn't been early release to the average iranian citizen. your point is at least partly correct, the other countries will abide by the agreement even if we were by a unilateral political choice to say