they are tunnel-builders. , fromu know, they have time to time, said that they can accept a long-term cease-fire with a zionist entity. they can accept the return of the west bank and the end of the occupation of the west bank. israel withdrew from gaza. they accepted that and took control their. -- there. the intention is to take it all. >> what you think the israeli objective is, other than to stop the rockets? circumstances presented them with this challenge. do you believe that they want to go in and close the tunnels and decimate hamas? creep that wesion are witnessing at the moment. netanyahu is cautious by nature. he did not want to get into the ground for. -- war. now, he is in it and still quiet. about a return to the defense minister is a strong hamas inin keeping control of gaza. saying that we need to go in and mowed the grass. -- mow the grass. control anday in would be deterred by the devastation. that is the objective. others in the security cabinet, like the foreign ministry and the right wing leader, are pushing for broader objectives. for taking over gaza and topplin

fromu see a big departure 0.5 cpi coming in at that early -- coming indefinitely?t we track, we show inflation bottoming. it looks like we have seen the trough in this as a global phenomenon. but europe, we cannot really see it cracking 1% this year. >> what is your favorite currency? >> right now, i would rather sell the aussie dollar. remarks they came out last night from the rba, it is reminding people what they arty new. there is a problem -- what they already knew. the central bank seems like it may respond to that. >> thank you. coming up, the chief executive of siemens says it is too early to celebrate a european recovery. more from our exclusive interview next. >> welcome back. fx check. out to the we had a day job owning, as bloomberg called the, as glenn stevens says this currency is overvalued. bloomberg has oh -- has run the numbers. $.87.somewhere around if you haven't got a peashooter as the new zealander bank says they have, you have intervention. short-term it works, they say. we are just carrying through those for the jobs report today. practicing

fromu get a lot of e-mails the university community.e lesson you have learned? >> from a student and the student said you do not know too much about what my life is li ke. why don't you give students your e-mail and let us write to you. i am a little slow on getting back to those e-mails. i get a lot of good -- >> don't you think that is important, so you get a sense of what their concerns are. >> absolutely. i cannot always answer them. i cannot pass this moment by noticing that jules is a cornell alum. i go tosenior says do wall street, what do you tell them? >> i cannot answer that question for you, but i can tell you to think about what you want to do for the long run and there's a lot of interest in the financial sector. it is a very important sector for our country, but the thing you said about the breath of education, if you said that 10 times, it would not be enough for me. >> let's take a look at the agenda. we have a huge correction of 0.9%. the bank in portugal and all of that. it is earnings season. bulls and bears, i am not