i was thinking, i hope geithner things schneiderman! let's hope that--like i'm pals with the new york state attorney eric, go get them. on the power panel we'll ask progressives should we give up on bipartisanships? we'll do that when we return. the newest voice in cable news is on the new news network. >>it is an independent progressive voice and i love that. >>jennifer granholm joins current tv. she's a political trail-blazer. >>people like somebody who's got a spine. >>determined to find solutions... >>we need government to ensure that people have freedom. >>driven to find the truth... >>what's really going on? >>fearless, independent and above all, politically direct. for the energy to keep you going. who wouldn't want to be a part of that? payday. the sweet taste of energy. (vo)weeknights... >>the weakest citizen in this country is more important than the strongest corporation. my god, this is one of the stupidest things i've ever heard! you got a bone to pick with that? the blood is in the water and the sharks are bipartisan. >> t

i was thinking, i hope geithner things schneiderman!'s hope that--like i'm pals with the new york state attorney eric, go get them. on the power panel we'll ask progressives should we give up on bipartisanships? we'll do that when we return. the newest voice in cable news is on the new news network. >>it is an independent progressive voice and i love that. >>jennifer granholm joins current tv. she's a political trail-blazer. >>people like somebody who's got a spine. >>determined to find solutions... >>we need government to ensure that people have freedom. >>driven to find the truth... >>what's really going on? >>fearless, independent and above all, politically direct. go! go! go! yayyy! go! go! go! go! how do you like them apples? he didn't do nothin'. orbit. for a good clean feeling. no matter what. tony, pick it up. you know i'm just not feeling the wood cutting thing today. tony, eat a snickers. why? 'cause you get a little bit whiny when you're hungry. better? better. [ male announcer ] you're not you when you're hungry™. hey! my ba

i was thinking, i hope geithner things, schneiderman!'s hope that--like i'm pals with the new york state attorney, eric, go get them. on the power panel we'll ask progressives should we give up on bipartisanships? we'll do that when we return. go! go! go! yayyy! go! go! go! go! how do you like them apples? he didn't do nothin'. orbit. for a good clean feeling. no matter what. tony, pick it up. you know i'm just not feeling the wood cutting thing today. tony, eat a snickers. why? 'cause you get a little bit whiny when you're hungry. better? better. [ male announcer ] you're not you when you're hungry™. hey! my back hurts. [ grunts ] [ male announcer ] snickers satisfies. [ roseanne ] now my front hurts. (vo)weeknights... >>the weakest citizen in this country is more important than the strongest corporation. my god, this is one of the stupidest things i've ever heard! you got a bone to pick with that? the blood is in the water and the sharks are bipartisan. >> time for the power panel! i don't know why if i look tough or constipateed, prob

azumi met with timothy geithner in tokyo. geithner firmly asked for japan's cooperation on economic sanctions against iran. the u.s. is trying to block iran's oil trade by barring transactions between its central bank and foreign financial institutions. >> translator: japan depends on iran for 10% of its crude oil imports. but we will strive to cut imports as soon as possible. >> azumi said japan's trade with iran is not limited to oil imports. he called for a mother tomorrow on sanctions against other economic deals. treasury secretary timothy geithner says the iran sanctions must be put in place as soon as possible. but to make them effective he needs to get another country on side. geithner spoke with nhk world about the challenges he faces. >> how are you? >> hi, mr. speaker. >> u.s. treasury secretary timothy geithner is welcoming japan's cooperation on iran sanctions. >> what were your thoughts on that? >> let me say that my sense is japan is going to be with us and is going to work with us and with europe to try to mak

secretary treasury secretary tim geithner has now arrived right after an interview with bloomberg came out where he announced that if president obama wins a second term he does not plan to serve alongside him so how is davos taking the news and does it affect the weight of geithner is yet to be made statements earlier from davos i caught up with lauren lyster host of the capital account here on r.t.e. and i first asked her if there have been any reactions to governors announcements. you know i think this is really a bigger story from what i could tell from everybody else that was maybe on the east coast because i was getting tweets from different guests and from dozens of different people about this saying hey when you see timothy geithner ask him about what he said about you know not serve in the obama administration again if obama gets reelected and maybe that obama would sack him more all of these reports and speaking about that interview but here yes word is that timothy geithner had arrived but if he's here he's maybe whisked away into some. meetings behind closed doors that i am

well there's been a question of how much weight timothy geithner plays on the international stage he's always asked about europe and anyways him but we have heard reports about european leaders you know shutting him out and saying get your own house in order before you tell us what to do and other meetings that he's been a part of over the time that this crisis has been dealt with so i don't know how much he's been able to play a role although of course there are always always leaders coming out saying oh we appreciate is employed and we value what he's saying so from what i've heard he is expected to address the eurozone crisis and that is an important part of what he's talking about because that's such a big part of this forum because it's such a big part of the concerns that the global economy has right now is the eurozone crisis and a lot of people here from prime minister david cameron to george soros saying the. solution for the eurozone crisis is no solution and the prognosis at this point is still bad so i think that that's a big part of it but timothy geithner's program tomorr

geithner will then meet japan's prime minister noda and the finance minister.ing his visits to china and japan, geithner is also expected to explain about the new sanctions that the u.s. will impose on iran. these are aimed at discouraging foreign firms and central banks from dealing with iran, which is under pressure to stop its nuclear development. >>> let's turn to markets now. tokyo share prices are falling this tning as investors sell export-related issues. concerns about the european debt crisis are resurfacing. >>> the nikkei currently at 8,512. that's down nearly 50 points. a loss of over half a percent on the day. topics also -- topix also trading down nearly half a percent at 739. sources say that sellers are being placed on electric and machinery issues as the yen is gaining ground against the euro in the currency market. in fact, the euro weakened to the lower 99 yen level on rekindled worries about debt problems. the yen at 99.19 to 25 against the yen. the market players are recognizing again the seriousness of the european economy. that comes afte

welcome to capital account i'm lauren lyster here in beautiful snowy davos switzerland and timothy geithner here to day representing for the u.s. say that day euro zone is one of the biggest the rights to the u.s. economy is or isn't the distraction that is saving the u.s. right now i'll tell you all about it coming up but first here's dimitri in washington. thanks lauren and staying with europe for a moment the negotiations between greece and its creditors seem to finally be on the verge of a resolution at least that's what you finance commissioner olli rehn thinks beyond just a boat to pull should you indeed all know that he would secure involvement between the greek government and private critter to. a deal the kind of deal greece is a deep depression consumers aren't spending and businesses are investing and that's not going to change the almost as bad debt underwritten by greedy banks and taken on by generations of the crowds and politicians and taken off the backs of the greek people why should they could do to suffer while bankers like jamie dimon claim as you did in a recent intervi

did tim geithner get everything he was after from tokyo? >> reporter: he got pretty much everything he was after. the only thing he didn't get was an exact time line. we don't know exactly when japan plans on reducing that 10%. what japan has pledged to do, though, is to publicly state they will fall in line with the u.s. request. u.s. secretary tim geithner has been going around through the region trying to get all the allies on board. what the united states wants is renewed pressure on iran, to get tehran to stop its nuclear program through other countries, basically stop buying their foreign oil. here's what secretary geithner and japan's finance minister announced today. >> we are working very closely with europe and japan and with countries around the world to substantially increase the amount of pressure we bring in iran. and we are exploring ways, as i said, to cut off the central bank from the international financial system and to reduce the earnings iran derives from its oil exports. >> translator: what i told the secretary is that

right now but it's interesting not the threat that timothy geithner says is the biggest threat to the u.s. economy that's funny well it's not surprising so they're not really concerned about the economy anymore they're looking at or more from a perspective of financial markets what's happening euro u.s. dollar what's happening because of the credit markets the markets and things like that so lauren on a lighter note is there anything anything you've been up to the been doing ever spoken to go party with sean parker and he's he's the facebook one of the facebook founders are profound of their. to be here why do you ask this question is this fair to ask me about my after hours. activities at davos know i've been working very hard around the clock but people do know that part of that is you know going out to network and that sort of thing and no i wasn't shown parker's party but i did you know have some sightings last nights and jamie diamond schmoozing with chelsea clinton kind of stuff where you're better you're better personally and i think i think i would have been our partner and i

tim geithner is in china to meet senior officials. he is discussing the global economic issues that will also raise the subject of international pressure on iran over the country's nuclear program. our beijing correspondent is following events. >> no real details yet from the american side. along the chinese side, only the briefest of comments about how difficult economic situation is looking and late on tuesday, treasury secretary tim geithner met the vice premier in china. and the vice premier said the economic outlook was very complex and grim. it is an indication from the chinese side that they are willing to discuss measures to tackle the economic downturn, the economic difficulties facing the world economic. as yet, not really any details on how they will do that. >> of course that thorny issue of iran's sanctions will be discussed. tim geithner is hoping for some level of cooperation from china. will the get it? >> probably not. the americans are keen on pressuring iran over its nuclear programs. a couple of weeks ago, presiden

. >>> treasury secretary them they geithner says he may be looking for a new career.feelin' subway ♪ let's go [ male announcer ] hey, capital area! are you feelin' subway®? then heat up your day with the big hot pastrami melt! it's fresh toasted and piled-high with pastrami, then topped with pickles, mustard, and cheese. head into a subway® restaurant today for this melty, mouthwatering sub! ♪ let's go [ male announcer ] from our nation's networks... ♪ ...to our city streets... ♪ ...to skies around the world... ♪ ...northrop grumman's security solutions are invisibly at work, protecting people's lives... [ soldier ] move out! [ male announcer ] ...without their even knowing it. that's the value of performance. >>> welcome back. treasury secretary tim geithner says he does not expect to stay on the job and we have some good and bad news from the fed depending on how you look at it anyway. lauren simonetti is live in new york with this morning's business beat. >> good morning. the markets are on a high right now. what kind of news could affect it today? >> we get new ho

now more of my exclusive interview with timothy geithner, the secretary of the treasury.u look at europe, mr. secretary, you look at the growth projections that are coming out, and they are lower than were projected, which means that the deficits are larger, which means that the debt to gdp is larger. the debt to gdp is larger in almost every case not because the debt has gone up but the gdp has gone down. not that the na-- the denominat shrunk. does that not suggest that the path to austerity is growth? >> i think the debate about austerity and stimulus is mostly divorced from a much more practical reality. the proponents of stimulus, i think, today now realistic -- are probably exaggerated. it's power and it's reached now. and i think the people who talk about economic problems are mostly problems you solve with austerity get the big things wrong. it is true, however, for parts of europe for a long period of time, there's going to be no alternative to very substantial adjustment in budget deficits in the size of the govern's made. there is no alternative to that. for th

meanwhile, treasury secretary timothy geithner does not expect to serve a second term. in an interview with bloomberg television, he said he does not believe he'll be asked to return if president obama wins reelection. geithner is the only remaining member of the president's original economic's team. >>> we'll get more important economic data from the government today. the labor department releases the jobless claim numbers and the commerce department is out with the new home sales report. >>> california is refusing to sign on to a massive settlement with the nation's biggest mortgage lenders over deceptive foreclosure practices. the attorney general says agreeing to the deal would limit her ability to sue those banks. this week, bank of america, jpmorgan chase, wells fargo, citibank and allied financial agreed to a $25 billion sett settleme settlement. one of the largest in u.s. history. >>> and indiana is a step closer to becoming the first right to work state in more than a decade. the state house of representatives approved a bill aimed at limiting the power of labo

we have a very important guest to start off this week, timothy geithner, the secretary of treasury of the united states. all eyes were on him this week in davos. are we really seeing bright spots in the u.s. economy? what can be done about the euro zone crisis? i'll ask him all that in an exclusive interview. then we'll go on a tour around the world with a global panel. neil ferguson, kishor and wada. also, how in the world did one of the world's greatest sellers in the global bazaar lose its mojo? i'll explain. first, here's my take. president obama spoke forcefully in his state of the union about the importance of reviving manufacturing in america. if you talk with economists, they'll tell you it's a very complex problem involving tacks, trade, regulatory policy, exchange rates, educational skills. it is all those things, but when you move from high level policy to specific cases, you will often find within element that is rarely talked about. a government's role in boosting its domestic manufacturers. in a front page story last week, the "new york times" detailed how apple's iphone

the treasury secretary tim geithner now says he will soon be unemployed. he did an interview today and secretary geithner praised president obama's economic policies and then said he believes the president will pick a new treasury secretary if he wins re-election in november. secretary geithner told bloomberg television and i quote he is not going to ask me to stay on. i'm pretty confident. i'm confident he will be president but i'm also confident he is going to have the privilege of having another secretary of the treasury. the secretary secretary geithner took the job four years ago during the height of the 2008 recession. republicans and some democrats for that matter and some leaders on wall street periodically criticize secretary geithner for his handling of the financial crisis. thousands of mourners today lining the streets on and around the campus of penn state university to say one last good by to the school's legendary late football coach joe that person toe. as you probably know joe pa died on sunday after a battle with lung cancer. but his link

secretary timothy geithner, he's in china.o iran and when it comes to oil. we're going to explain how and why, next. [ thunder crashes ] the first and most important step toward accomplishing something is showing up. [ thunder crashes ] and with the most advanced all-wheel-drive system in its class that adapts to conditions as they change, now all you have to worry about is what you accomplish when you get there. ♪ >>> i'm about to talk here for a moment about the united states and china. they're the world's number two in the economy, u.s. is number one. china is not going away and neither are we. so let's talk, shall we? treasury secretary tim geithner, he's been shaking hands in china over the past couple days. he's there talking to chinese leaders including the guy on the right here. his name is jijing ping. he will probably be china's next numero uno. china buys about one-third of iran's oil experts, so it's a tough sell for geithner, is it not, to get china here on board aimed at china's oil industry? >> that's true. chin

tim geithner has been there several times on what to do. but if europe's crisis threatens the improving economy that president obama needs to run on, the one he's got right now, what does he do? what does president obama and what does treasury secretary geithner, what do americans do to say please, please get your house in order. >> i've got to tell you, timothy geithner is the key. he is the answer to the problem. he has been the one most aggressively addressing the problem overseas. he's made the most trips over there. you think that coordinated effort a couple of months ago out of central banks didn't start here in the united states? he's got experience with problems in the past in a global economy, okay. he's dealt with sovereign nations failing on their debt. number one, geithner is the key. is there much that obama can do? no. let me tell you something, geithner warned the imf and warned them in europe, $50 billion isn't enough. he said you've got to have a $500 billion cover. they didn't listen. now we're talking about a trillion dol

. >>> on the cbs money watch, tim geithner predict that he'll be replaced and california backs out of a mortgage settlement with the banks. ashley morrison has the latest. good morning. >> good morning, betty. overseas trading, a mixed day. nikkei shed a fraction following disappointing earnings from a robot maker and hang seng gained more than 1.5% after an extended holiday. >>> federal reserve chairman ben bernanke says record low interest rates probably won't go up until 2014. bernanke made the comments during a news conference yesterday. keeping the rates near zero is a sign economic growth will remain weak. >>> the promise of low interest rates sent stocks higher. the dow added 83 points and the nasdaq gained 32. >>> the government official in charge of the bailout says taxpayers are still owed nearly $133 billion. in ray report out this morning, the inspector general of the $700 billion rescue plan says some of that money will never be repaid. the treasury department is trying to sell off stakes in more than 450 bailed out company. >>> meanwhile, treasury secretary tim any geith

timothy geithner says he's a one-term man. the treasury secretary today said he does not plan to serve if president obama is elected to a second term in office. and while he said he was confident the president will be re-elected, geithner also said he was confident the president would have the privilege of having another secretary of the treasury. geithner is the last member of the president's original economic team. >> tom: the disgraced former c.e.o. of healthsouth will spend less time in jail. richard scrushy was re-sentenced today, and his prison term cut to just six years. he was originally sentenced to almost seven years for his bribery conviction back in 2006. he got the reduced term after an appeals court dropped two other charges against him. >> susie: with the fed pledging to keep interest rates low for a few more years, investors are >> susie: with the fed pledging to keep interest rates low for a few more years, investors are chasing yield and some are taking on new risks. here's gerri walsh, president of the finra

>> i don't dislike tim geithner personally.hink he's a good man, and in fact i think the fact that he understands financial markets has been pretty critical for this administration. but i'd also have to give him pretty close to failing grades. the statistics that you just rattled off about how half of americans still think we're in a recession, obviously we've had a very mediocre at best recovery. and so i think that, you know, one guy i'd like to see brought in just as some food for thought here would be something like paul volcker, somebody who was very involved in the big recovery in the 1980s. we need a big, robust expansion. the big problem for the president right now is even though the economic signals are suggesting a pickup, a lot of americans aren't feeling it at home. >> which leads a lot of people to the question we started with about fairness. diane, i want to get back to this idea that we have an economic system that is unfair to millions of americans. we continue to say that it now appears that capitalism itself m

treasury secretary, tim geithner. he shares his thoughts on the outlook for the u.s. economy further ahead, and plenty more. we'll have that interview next. ♪ tonight ♪ we are young ♪ ♪ so let's set the world on fire ♪ ♪ we can burn brighter ♪ than the sun ♪ carry me [ male announcer ] the all-new chevy sonic. from your first time... to the time of your life. chevy runs deep. >>> talks are over and now it's time for the so called great transformation to actually begin. transformation, of course, was the key thooem eme in davos, switzerland. tackling europe's debt crisis dominated the discussion. some of the key take aways from this conference this year are the need to forty phi the eurozone's bail out fund as well as the urgency between sealing a deal between greece and the bond holders and new measures to create more jobs. >> tim geithner was in davos and he spoke to our fareed zakaria and spoke about prospects for economic growth in the u.s. this year. >> there are no auricles in economics. it's still a pretty uncertain world, but i think the conventional view of th

geithner is the last remaining member of the original obama economic team. the new york fed. did he play a key role in the government bailouts during the financial crisis. the government watchdog group says u.s. taxpayers are still owed almost 133 million dollar billion dollars in bailout money that haven't paid the government back. starting this morning, listed plane ticket prices are hundreds of dollars higher, it is not price hikes, starting today airlines are being forced by the government to advertise the price they actually charge including all those extra taxes and fees they tack on. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> apple once again the most valuable company in america after reporting huge ipad and iphone sales tuesday, apple's stock rose nearly 6%, value at 415 billion dollars. you can see exxon stands at 414 billion. microsoft is a distance third at 247 billion. mac world kicks off today in san francisco more than 20,000 apple fans are expected to gather at the annual world expo. mac world runs th

and we have timothy geithner he is now in china discussing that exact topic these sanctions that are being and that are in place now against iran i mean adie you expect china to react to this well of course i wouldn't expect china to do to shoot itself in the foot and i don't know why the timothy geithner or the united states government thanks shannon will cooperate and america's plans to do not generate energy it doesn't make any sense and you see channer is not threatening anymore and all the threats are coming from the americans well you know this war plans to attack the united states and china is now claiming the gulf of mexico as an area of its national interest so why are we claiming the south china sea is something that's so important to america's interest is of no importance to america's interests i mean you know it's interesting that you say that because obviously with the with this effort and this military presence being off and the troops being deployed to areas around china that you know they are viewed as somewhat of a threat otherwise they wouldn't be focusing so much a

. >>> treasury secretary timothy geithner does not expect to say if president obama wins a second termgeithner too old bloomberg tv the president asked him to remain last august but he doubts he'll be asked to stay again. >>> a deadly explosion in thailand as a fireworks explosion killed four people. the celebration occurred north of bangkok in celebration of the lunar new year. >>> a youth ice hockey team practicing as holes appear before the roof on their head. then the whole roof came crashing down onto the ice. amaze. >> i nobody was hurt. >>> and a bank robber in brazil accidentally shoots himself in the foot. the thief left limping but went to the hospital seeking treatment. >>> now here's a look at one of your top health headlines on msnbc.com. new studies found that the drug avastin helps tumors appear in some women with early stage breast cancer. in november, the government revoked approval for avastin for advanced breast cancer because of side effects but it is still used in europe and japan. research continues on whether avastin improves long-term survival of breast cancer p