it can only provide 33% of the global fund. so as a panel here, we have to go away and say listen, the other countries have to step up to the plate but funding is important. the more money we can, the more we stabilize the world, and the more compassion we can show to people with aids, than i think that's the -- that's the way to go. it's a mixture of both. it's not -- i would not say it's an easy solution. it's not. >> well, thank you for the thoughtful response on it and i want to pivot here for a moment and ask dr. warren a question and in your testimony, you call religious liberty america's first freedom. i think you even made opening remarks thanking the panel for the protections, fieging for that, the first phrase of the first sentence in the bill of rights, our founding fathers cared a great deal and the country's fight for independence. in your view what's the state of religious liberty in the country today, and are we doing enough to protect it? >> as i pointed out in the written testimony, religious liberty is what am

it can only provide 33% of the global fund. so as a panel here we have to go away and say, listen other countries need to step up to the plate. the funding is so important. the more money the more we can stabilize the world and more compassion we can show to people with aids, that's the way to go. it's a mixture of both. i wouldn't say it's an easy solution. >> thank you for that thoughtful response on it. i want to pivot over here for a moment and ask dr. warren a question. in your testimony you call religious liberty america's first freedom. i think you made opening remarks thanking the panel for those protects fighting for that. it's the first phrase of the first sentence in the first amendment of the bill of rights. our founding fathers obviously cared a great deal about the issue -- as i though you do as well -- and the fight for religious freedom was fundamental in the country's fight for independence. your view, what is state of religious liberty in the country today? are we doing enough to protect? >> as i pointed out i

it can only provide 33% of the global fund.o as a panel here, we have to go away and say, listen other countries need to step up to the plate. the funding is so important. the more money, the more we can stabilize the world and more compassion we can show to people with aids, that's the way to go. it's a mixture of both. i wouldn't say it's an easy solution. sen. daines: thank you for that thoughtful response on it. i want to pivot over here for a moment and ask dr. warren a question. in your testimony you call religious liberty america's first freedom. i think you made opening remarks thanking the panel for those protects, fighting for that. it's the first phrase of the first sentence in the first amendment of the bill of rights. our founding fathers obviously cared a great deal about the issue -- as i though you do as well -- and the fight for religious freedom was fundamental in the country's fight for independence. your view, what is state of religious liberty in the country today? are we doing enough to protect? dr. warren

the global funds contributed to the progress. we raised $4 billion a year in part to your generosity and contributed to 7 million people on treatment, and 12 million tested and treated for tuberculosis and millions of bed nets distributed. global fund is the large funder much tb and exterm financing, and efforts are incredibly important. as the chairman pointed out, beyond the health of individuals, these diseases have enormous impact on economic loss in the developing world. for example, it's estimated that nigeria alone losing 3.5 billion dollars per year in its gdp because of malaria. the reality is healthy productive people make healthy productive nations and good trading partners. not just an issue of public health, but ending these diseases. as we pointed out, you pointed out, by working together, we can bring out the best in humanity. collect commitment changes the course of history ending the epidemics while lifting up human beings and lifting up those left behind and marginalized. ambassador burke mentioned young women.

it is a global problem. and i do not think our democracies are going to work the way we need them to work if we do not deal with it. it is just too easy for politicians to be populist and to look for scapegoats as opposed to dealing with the real problem. sandberg: the issues come together, the dysfunction bob talked about inability to create policy tim mentioned. we are not well placed to handle serious economic challenges, technological changes. what is possible to do? if you could pass the right policies, what would they be? and two what can we do? this is an amazing group of people. what can people do to create the political environment which would get us to the right policies? tim, what are the right policies, and how would we get there? geithner: these are not challenges we are going to solve -- sandberg: in the next 46 minutes? geithner: there is no simple, easy set of things. these are challenges for a generation or more, and they are going to take a long war, in economic policy. i think you need str

narrator: the human species is engaging in a vast global experiment in climate change. they retrieve contain a perfectly preserved record of the earth's past climate. looking toward the future, chris field has created a time machine in a northern california grassland. the jasper ridge global change experiment is subjecting an entire ecosystem to the predicted climate conditions possible 50 to 75 years in the future. both research programs -- one looking into the past and the other toward the future -- will ultimately provide us with better ways to predict and cope with earth's changing climate. [ wind whipping ] man: ie climbed a t of mountains and i've been told that i hold the world's record for the amount of time a human being has spent above 18,000 feet, which is 3 1/2 years of my life. but i've always had a purpose for going up there. and unlike mountaineers, i am always looking for the simplest, safest way we can get our crew up there and all of our equipment 'cause we have to move 6 tons of equipment to these mountaintops. and unlike a mountaineer we set up camp

it is now global climate change. the tenets of the global climate change religion, can't withstand the scrutiny of the merits primarily because it is the result of political design and not scientific revolution. and that's why anyone willing to point out discrepancies within the climate change debate or raise legitimate concerns will be subjected to a barrage of arrogant sarcasm and personal attacks. whether the alarmists call it global warming or climate change, the american people understand that the president's climate agenda is no way -- it's not about protecting the public but it is about a power grab. you know, i'll just make three final points. first of all, i think we all know that the climate is always changing. and i remember -- and i'll go from memory on this -- we have cycles and the cycles have been taking place for all throughout history. in 1895, we went into a period of cooling and that was when they first started saying another ice age is coming. and that lasted about 30 years until about 1918. in 19

they are talking about the global expansion. now asfocus will widen we aim to become a true global company. we will continue to run the japanese telecommunication business and sprint in the u.s. but the focus will go beyond national borders in terms of internet technology and innovation. management roles will be taken by people who are high-level managers at top global companies. with the global expansion, the man they are hoping to spearhead this is the new president. it used to be a part of the company and the mobile business. -- he used to be part of the company in the mobile business. the ceo will remain as chairman and the former president will step down to focus on the japanese mobile business. angie: is that the guy that is sing to succeed -- uceed? yvonne: his chances are high. talking about it during the press conference, saying that he is the most likely candidate to succeed him. he says that he has no plans to retire anytime soon. angie: meritocracy at its best. you can get more on that and the top stories at our digi

it can only provide 33% of global funds. as a panel, we have to go away and say, you would need to step up to the plate. but the funding is so important. the more money, the more we can stabilize the world from suffering of aids. and the more compassion we show people with aids, then i think that is the way to go. it is a mixture of both. it's not an easy solution. senator: thank you for that very thoughtful response. i want to pivot and ask dr. warren. in your testimony you called religious liberty america's first freedom. you made opening remarks thanking the panel for the protections. it is the first phrase in the first sentence in the first amendment of the bill of rights. our founding fathers cared a great deal about this as you do as well. in your view, what is the state of religious liberties in this country today, and are we doing enough to protect it? rick warren: as i pointed out religious liberty is what america was founded on. it is first freedom. the first phrase of the first sentence of the first paragraph of t

molina: "milagro" stands for "megacity initiative local and global research observations." and we were very, very pleased that we were able to find an acronym, milagro, that not only fit the themes of our measurement campaign, but it also means "miracle" in spanish. narrator: in march 2006, molina gathered an international team of more than 450 scientists to investigate the effects of local pollution in mexico city on the surrounding regions and the global atmosphere. the scientists represent over 50 academic and research institutions from mexico, europe, and the united states, including nasa the department of energy and the national science foundation. mexico city is an ideal location for milagro's gacity research. surrounded on three sides by mountains pollutants become trapped within the city. molina: there are many reasons for selecting mexico city. first of all, mexico city is one of the largest megacities. it has about 20 million people. it is in a tropical latitude so it's representative of many of the future megacities which will be in asia, in africa. mexico city i

if they would have on young offering that is globally -- an offering that is globally available, piracy rank but they are not doing it -- piracy would shrink, but they are not doing it. emily: if it is illegal and you're not trying to take it down, doesn't that mean what you are doing is illegal? >> i have tried everything. we didn't catch up with the latest technologies and we were not even given the opportunity to do that anna:. emily: do you think the artists deserve to be paid? >> absolutely. emily: so if those people deserve to be paid, yet people are accessing that content illegally how do you find a balance? >> where is the problem? i don't see artists starting. emily: just because they are making money is at mean it is fair to access their content illegally? >> no, i don't think that is what i am trying to say. everyone should look at it a bit more realistically. all of these hollywood moguls are living in mansions that are bigger than mine. it is the greed fomenting this debate. the movie industry makes more money year after year after year. society that once access to this con

and today science is global. many countries around the world are increasing their investments anticipate that's true in oecd countries. and the countries with aspirations to develop further further and bolder economies and in the united states we are facing a situation where we have to start thinking about how scientists can engage not only domestically but globally so they can get access to the best minds that may be outside of the borders and institutions which are here. in the state department we have a concept we call science diplomacy. we think about using science in the diplomatic goals and diplomacy to advance scientific goals. this is very much a goal to use science to address some of the global challenges that may exist and the answers may come through international collaboration. this is part of what secretary kerry referred to as the shared prosperity agenda way of raising economic growth in countries around the world. in my part of the state department where i state department where i work in the bure

of women and children to global warming, you can tie everything to global warming.here's nothing under the sun that you can't blame on global warming that makes it not intentional. >> clearly intended. >> meanwhile, the white house today says the isis strategy. it's a-okay. they are not concerned about isis taking on ramadi or isis moving to the anbar province. in fact cbs reported today that the fbi went to a new jersey high school and sat down with them because they are worried about an isis terror cell starting 15 miles west of here. >> because of global warming? >> no not because of global warming. it's not a threat. it's not a real threat. it's not a credible threat. it's not an imminent threat. >> these are the people in charge okay? they have no intention of focusing on things that are important or of imminent concern, like moving ground in the middle east. the fact that isis is accelerating. that's what is happening right now in realtime. but they are so confused and so obsessed with their political ideology juan your crew that they are on the losing side of

freezing or global warming, so now they say climate change. what is climate change? pick your, though mysteriously for all of these is higher taxes. -- the cure. if we gave more taxes it with you are all these domestic -- it wouldn't you are all these foreign and domestic problems. guest: that is an argument a lot of conservatives have about the u.s. government's response to climate change, some people think it is a way to bring in more taxes and a global agreement to the united nations and that is a concern, in terms of the science, i am no scientist, i read what they say most scientist say the climate is getting warmer because of the burning of fossil fuels, there is a legitimate conversation about what kind of response that the u.s. government should have. the u.s. politics has gotten boiled down to, do you believe in climate change or not? it is a religion, not a science and the conversation has to stop being so lyrical. -- so political. host: the map of the areas in question, how many rigs that's how many companies? guest: tennant company

this is a global challenge. the good news is, we do not need to put more greenhouse gas in the atmosphere to grow the economy. all we need is the vision and will and discipline to do the job. finally, we have to deal with the global challenge of narco trafficking. have to deal with it at home treatment for those who suffer punishment for those who profit. we have to fight drug cartels and the criminal empires they finance. 90% of the cocaine consumed in america, two thirds of the heroin seized on our streets comes through just one country -- columbia. columbia has a courageous new president. he has asked for our help to finance his comprehensive plan to fight drugs, build the economy, and even democracy. i have asked congress to give $1.6 billion to columbia over the next two years. the house has passed the bill, and i hope the senate will do so as soon as possible. it is a national security issue. for columbia, it is not just fighting for its people's lives and its way of life, it is fighting to preserve stabil

but it will require us to have an economic policies that make us globally competitive in a global economythat is why tax reform and regulatory reform and energy policy and dealing with that are integral. all the main jobs of the 21st century and require advanced education. but we have outdated higher education system. they goes back to things i talked about -- national security. in a globalized economy, foreign affairs have never mattered more in an economic perspective. charlie: let me take questions. mary? >> i'm a lawyer. china has been aggressively building airstrips and ports in disputed territories in the south china seas. they have not denied that they can in fact, be used for military purposes. that appears to be their purpose. how would you show american strength and leadership in the asia-pacific area, with respect to this kind of activity? what is your redline and what would you do? senator rubio: they're not just building airstrips, they are building islands. it's an illegitimate claim. part of their will idea that they own that part. the u.s. navy is thinking about challengin

this is a global challenge.he good news is we do not need to put more greenhouse gas in the atmosphere to grow the economy. all we need is the vision and will and discipline to do the job. finally, we have to deal with the global challenge of narco trafficking. have to deal with it at home, treatment for those who suffer, punishment for those who profit. we have to fight drug cartels and the criminal empires they finance. 90% of the cocaine consumed in america, two thirds of the heroin seized on our streets comes through just one country -- columbia. columbia has a courageous new president. he has asked for our help to finance his comprehensive plan to fight drugs, build the economy, and even democracy. i have asked congress to give $1.6 billion to columbia over the next two years. the house has passed the bill, and i hope the senate will do so as soon as possible. it is a national security issue. for columbia, it is not just fighting for its people's lives and its way of life, it is fighting to preserve stabili

on average globally. half a trillion dollar worth of fossil fuel subsidies, averaged out over every ton of co2 we emit comes tout negative $15 or plus-minus 5. this is global and concentrated in handful of countries for the moe part. glad to say that even in the u.s. it is not in fact negative 15 it's low positive number. impress sitly due to other -- impress sitly due to regulations and so on. but globally on average you're not even getting the sign right let alone the correct number. we're marching in the wrong direction. so that's essentially -- which is is where what we know ends for the day at least at least $40 is what the cost of every cop of c02 is. now, here is where we dive into the known unknowns, or maybe even the unknown unknowns. who knows what that's range is. 1.5 to 4.5 degrees centigrade. it's probably the most important figure in all of this climate change as it were, that many of us have never heard of. climate sensitivity, at the technical -- defined at what happens to global average t

every other global sovereign bond market has dropped.are talking about the price, of course, not the yield. the high on may the first -- the greek bond market jumped as much as 27%. things look very different over the last several months. this index has dropped by 14% the worst performer among bloomberg's world sovereign bond indices. six months, same story. the pink circle through the end of this chart, following by 16%, the worst performing global sovereign bond index. if you go to the far left hand corner of the bottom chart the sovereign bond index has sunk by 20%, the worst performer in that world in that time. no other national sovereign index has delivered negative returns. there you have it, proves that timing is everything when it comes to investing. greek assets have fared very differently over the last month compared to the previous 3, 6 and 12 months. caroline: thank you. let's check on some of our other top stories. global iron ore demand will contract over the 2020's has steel consumption peaks in china. analysts said the l

hello and a very warm welcome to global 3000, where we have the following stories coming up. parched earth -- concern over worldwide threats to soil quality sun, skis and snow -- meet the people skiing for a new afghanistan and, gentle grazers of the deep -- how new protected habitats could save the sea cow we've all heard of carbon footprints, but what about land footprints? a land footprint is the real amount of land, wherever it is in the world, that is needed to produce a product, or used by an organization or by a nation. like their carbon counterparts, inflated land footprints are often the direct or indirect consequences of globalization, mass-scale production and industrialized agriculture. europe's land footprint is big, and the consequences are being felt both at home, and abroad. after a full work-week in the office, this couple heads out to harvest the fruits of their labors. succulent vegetables they grow themselves on an ecologically pristine plot of land. but this is the rare exception. the rule is intensive cultivation -- factory farming. in developed countrie

global temperatures drop by a degree for almost a year. planes could be used to pump the skies full of particles. >> cooling the earth requires a few people with a few billion, which is why it's interesting and dangerous. >> the effects of global warming are not uniform. they are people that stand to lose. there are governments, corporations, individuals who stand to gain. therefore not everyone's interests are aligned. take southern california, it's historic drought may get worse without intervention. >> if the worst case scenario happens and we continue along the path of climate change, how will this change? >> areas like this will get drier than they are. >> far away from the mountains, severe pain is likely to be felt in developing economies. >> the likely scenario is in which india or china or other countries have crop failures due to heat stress, and they feel they need to deploy an engineering scheme to cool the planet quickly to feed their people. it would cool the planet's average temperatures, some reaches, some countries could g

you will compete in a global workplace, shop in a global marketplace and travel further and more often than any other prior generation. to succeed you will require the kind of knowledge that extends way beyond mere facts to knowledge of self. i know from my own experience that such wisdom can be hard to obtain. i arrived at wellesley college about halfway between the invention of the apple watch and the discovery of fire. [laughter] i had one basic goal which was to be accepted. as an immigrant, i didn't want to stand out; i wanted to fit in. fortunately, in the 1950's, conformity was encouraged though we were also in a period of transition. women were finding our voices at wellesley, but we were also expected to be young ladies except perhaps during that occasional outing to boston. in college, i learned much about renaissance composers, and shakespearean plays and the periodic table; but i also learned an awful lot about myself that i wanted to use the fine education i had received for something more meaningful than table conversation; that i wanted to test not simply accept the limi

the important perspective that we bring to this topic that we need global action on what is a global challenge and to make that happen in a sustained way over the years and decades where we see transformation towards a global low-carbon economy requires that all major economies participate fully and provide clear targets ambitious targets and guidance on how to go against those goals. as other panelists have indicated our numbers are quite clear and it's really other countries will receive more opportunity to clarify and document what is happening and what the plans are. we need to make sure that we negotiate accordingly and we continue to push for maximum transparency and we will continue to fully apply -- comply with what we negotiate in a context so again my point to the multilateral assessment that i participated in and lima and the climate negotiations this past december . to the biannual report our first-ever biannual report and forthcoming biennial reports and all major economies are doing the same thing. >> can i jump in and ask you to spell out perhaps fill out in layman's l

2% should be enough given what is going on globally. -- what at that chart do you see? guest: i feel good about u.s. stocks. our tech stocks in a bubble because of the private market activity and private companies going public and a lot of ipo activity. when you see the nasdaq trading like that, you see tech stocks up but muddling along. it improves the attractiveness of the u.s. market stop joe: one other story a want to bring up is this fascinating story in europe with negative interest rates. people have talked about this for a while that there is this weird thing going on but it creates a technical problem for because markets theoretically, you get a situation in which the owner of the bond, someone who expects to receive payments could be on the hook to make a month. so they are trying to rework these rules and come up with rules to prevent that. last night, my six-year-old son said to me if i put money in the bank, like don't i make money on my money? it defies financial logic for an investor to end up paying for the privilege of lending to someone. these investor

globally, the global markets are parking money in the global dollar -- in the aussie dollar. are to see another rate cut in october. it is one of those real conundrums, rising yields in the bond market. that is enough to wipe the floor for every central banker. caroline: looking at some of the fx effects. helped by euro weakness, beating analyst estimates by 9% to 3.2 4 billion euros. slightly better than last year a deterioration -- beating profits and sales, also gross margins. at 34.6% gross margins. remember, this is a company that is being bought to the tune of $17.5 billion by note you, no less. kia, no less. even though no keykia says the deal basically has almost unanimous support. he says this is due to long-term industrial trends, not to one single cause. the acquisition very much on the table. the chief executive is saying the slowdown in the u.s. and japan not investing in infrastructure so much, the slowdown is not structural. clearly, this is a company building one of the biggest wireless networks and equipment makers. mark: i was just looking at the word conjun

perhaps we have better growth globally. do people buy it? is this an inflation trade or is it they will take more money off the table? joe: there are signs european growth are better than expected. those signs have been here for the entire year. some talk about china stepping up its stimulus efforts. therefore removing that they are for removing some of the deflationary forces on the economy. -- they are for removing some of the place very forces -- removing some of the deflationary forces on the economy. alix: we will take a look at overall stock markets. we had that major rally at the end of last week and we are seeing a bit of pullback here. we are seeing small caps rally but not enough to offset the rally, the deep decline in energy stocks. the s&p is grinding lower all day. joe: it is hard to get to exercise to about today's selloff. clearly u.s. stocks in many places have been on a huge rally. given the selloff we have seen in interest rates and in parts of the fixed income market, it is impressive how well equities are holding up area

and i hope there will be a tipping point where this becomes part of the global ethic in time to avoid real catastrophe in terms of climate change that'll affect all of us and, in terms of mass destruction, possibly up to half the species on earth say, by the end of the present century. narrator: rising human population, biodiversity loss, and climate change are issues of primary environmental concern not only for our descendents but for all the species that call this the habitable planet. when environmental scientists look into the future will human actions overwhelm environmental systems, or will we work together to assure a stable environment? schrag: there's still so much about the earth system that we don't understand whether it's about oceans or about the climate system or about ecosystems and biology. there's still so many mysteries left to uncover. our impacts on the earth are so huge, in many ways, it's an experiment we're doing on the planet. it's an experiment because it's never been done before, and no one understands the earth well enough to predict exactly what's gonna ha

if the global economy is not going to wait for us. so the choice is not between moving forward with these agreements or maintaining the status quo. the choice is between leading the world in a direction that supports american values and interests, thus enhancing the safety of american citizens or being left behind. these trade agreements are an integral part of our vision for a future where all countries follow the same rules of the road and all countries benefit. a future where growing prosperity supports are shared security. at a time of shiftlinging power in asia, tpp reaffirmed america's commitment to the region and the allyiances that have underwritten security and growing prosperity throughout the asia pacific for decades. as asia continues to grow and drive the global economy, our strategic interest in the region will become even more important, preserving peace and preventing maritime or territorial disputes but also strengthening the rule of law, advancing human rights, and promoting inclusive development. we're committed to

. >> this is gps, the global public scarequare. welcome to all of you in the united states and around the world. we'll start with a world-class panel to discuss the world's many crises. >>> isis advances in iraq and syria. europe's military action to stop migrants coming into the could be tinnant. china's push forward in the south china seas and america's role in all of it. >>> also bill gates, elon musk and stephen hawking are all warning that computers could get too smart. but are the dangers of artificial intelligence being overblown? i'll talk to a real expert. >>> and bernie sanders proposed free college for all in the united states. could it ever work? probably not, but there is another solution that could. >>> then a call for civil disobedience not for civil rights or social justice. the ever-controversial charles murray will lay out his case. don't miss this one. >>> but first here is "my take." on monday the rightdavid cameron gave his first speech after being re-elected to his high office. confronting a world of challenge

business is global. finances are global. so just how can you pretend you can walk away and to create a vacuum? there's no vacuum. the moment you create vac call, somebody else will grab it and most likely somebody else will be a group or state with intentions totally opposite to our plan, to our vision of the future. so that's why i want people just to understand that we live in certain reality. 2015 is a world that where everything depends on each other, and trying to pretend that you can just cut your involvement here but keep the rest isn't possible. you have to -- it's the full monte. you can't cut it. it's not for your to decide. america is still the leader or the free world. america still has the military and economic capacity to protect the free world against all sorts of threats and thinking that we can walk away, just making a great mistake. the difference is that you have to make sure that you build coalition and real coalition not state coalition with many states. we should look at western europe look at japan loo

global stimulus is still very much key to what going on in markets. look at how you want to invest. are you doing it for growth or for dividend and buyback? we still think the u.s. delivers the best overall growth in terms of the broad economy. at one place we find interesting value is japan. japan is a trade that started out more as a policy trade. andaw a weaker currency that is what drove the first part of the trade. we see a big change in the corporate sector. companies are focusing on improving profitability. focusing on improving return of equity. earnings growth is the best in the world right now. the signsan, we see of share buybacks of increasing dividend and a big focus on shareholder return. alix: does that mean it doesn't matter if you have an aging population or not a lot of young people there? inflation is nonexistent. stephen: i think all those things are so well known by the market, that is why japan has not worked for so long. which is why people are still skeptical. the japanese corporate sector, what we are really focused on, has be

we have not seen a change from the global economy. see china over the weekend lowering their rates. in the overall currency space that is going to mean a stronger u.s. dollar because we are still the best game in town, which is still to say that the daughter -- dollar figures to rally here and a change in the euro currency to keep a lid on goal as well. julie: that is a short-term trade and you are looking at it going way up. todd: it was trading at 1187. i think the percentages in the probability of saying that if we go down, you can go down to 1180 or lower than that, but the chances to go to 1220 is greater. i'm looking at the trade to make a chance of $40 initially. if we get through 1220, 1300 would not be far behind. i think it is a much better percentage play to play gold here at the 1180 level knowing that the dollar made break and the economy will get better. it could happen soon, but there are too many reasons to believe that we could go a lot higher than we could go lower. julie: todd horwitz, thank you so much. joining us

shares in all global portfolios, but they say this is just the beginning.want investors to get in on the action. market, upok at the about 7%, but taking a look at the shanghai composite, and we have shown this chart so many times already, more than doubling. this is for the past one year. again, transitional until they have the official review in september. right, the msci index, considering including those shares, there was a lot of pushback, and they did not do it. what is the latest on that? : it has had a very cool reception because a lot of global investors said, hey, this is crazy. ofna has to remove a lot capital controls that limit access to local securities. but the msci, maybe things are changing now, because we are shanghai, weee the really have seen this unprecedented access to mainland equities. and with the quotas, we will see what happens there, but the msci is one of the more tracked industries. right, it is critical. thank you so much for that. the consumer electronics show comes to a close, but they say shanghai is officially the city of

the danger that global warming debate. what we can debate is how severe the consequences can be, and what we can do to address the problem. just a 2 degree difference in average global temperatures alter sea levels, change weather patterns and affect millions around the world. climate change inflict starvation and fuel wars over grain. with so much on the line, a group of top american scientists are calling for research into something called climate engineering. specifically, they want to understand what it would mean to engineer our planet so that it doesn't absorb as much sunlight as it does today. sounds like science fiction and could cause more life threatening problems than solved. american top minds agree technical skills and machines to alter weather patterns exist today. they warp that the pressure to tweak the atmosphere could be too great to resist. we have this report. bsh bsh [ explosion ] >> tornado crossing the road. look at the house. >> reporter: global climate patterns are changing so much the vatican is g

globally sales were down 15% the estimate was for the climate 15.5 cent and it looks like are in allf the company's various brands. banana republic, old navy fell 6%. all of this looks like it's weighing on the shares, although not too heavily. rack space, the cloud computing company that we were anticipating coming up with earnings, indeed they did, we are looking at $.19, that's what analyst had been anticipating, but it looks like revenues coming up short of estimates or a slightly, $480 million, of about 14%, analysts were looking for $481 million. the company in the second order says the revenue growth will be in constant currency terms and that margins will be between 32% and 34%. the context here is that the shares of almost doubled over the past year with a lot of speculation over whether the company might intentionally be bought. it has touted its strong cloud computing customer base and has really focused on the higher end of the market. these numbers come in pretty much in line with estimates, but that does not look to be good enough in terms of traders as we have seen no

there is the global aspect there when we look at the global picture weighted by the revenue exposure of european companies. we do think the weaker euro, even the weakness already in the pipeline will be a positive factor going forward for earnings. we need both to come through. we need stronger earnings growth than what we have seen to push the equity market higher. guy: dismal data out of china how much more stimulus do you think they can take? andrew: i think if you look around the world, you see very low, negative real rate across the developed world. if you look at emerging markets especially china, real rates are significantly positive. they are some of the positive real rates in the economy. there is further capacity to cut those rate. we think that would be the most likely form of stimulus that you could the -- see. they are running some of the highest real rates in the world. we would expect further easing over the next couple of quarters. guy: thank you for your time. andrew scheetz. deutsche bank is giving andrew jake direct oversight over strategy after the overhaul last m

liberty global is worth just $45 billion more. also, they have got very different views to how you structure companies. how would you per the different philosophies? they want to be able to grow equity values. vodafone the philosophy is little leverage, low risk, high cash to investors. how do you square the circle? >> a lot to talk about. joined by the chief investment officer who oversees 22 billion pounds in assets. let's start with the bank. guilty pleas. does it matter for an investor buying these stocks? >> it does matter. it is a reflection on past management in discussions. how will it affect future management attitude as well. there is a fine balance between the risking a bank completely and taking on a modicum of risk. do you get to the stage where they are so afraid of their own shadow that they don't take enough risk? my assumption is banks he risk -- derisk and are egged on to take more and more risk. manus:jonathan: as an investor, don't you want them to invest? >> the debate is about lending. banks are in the busine

but it will require us to have an economic policies that make us globally competitive in a global economy that is why tax reform and regulatory reform and energy policy and dealing with that are integral. all the main jobs of the 21st century and require advanced education. but we have outdated higher education system. they goes back to things i talked about -- national security. in a globalized economy, foreign affairs have never mattered more in an economic perspective. charlie: let me take questions. mary? >> i'm a lawyer. china has been aggressively building airstrips and ports in disputed territories in the south china seas. they have not denied that they can in fact, be used for military purposes. that appears to be their purpose. how would you show american strength and leadership in the asia-pacific area, with respect to this kind of activity? what is your redline and what would you do? senator rubio: they're not just building airstrips, they are building islands. it's an illegitimate claim. part of their will idea that they own that part. the u.s. navy is thinking about challengi

. >> this is a global academic. -- global epidemic. we can make so much progress. we have made a lot of progress, but there is more work to be done. ♪ katty: welcome to our viewers on public television in america and around the world. today, even more disturbing details came to light about the germanwings copilot suspected of deliberately crashing a jet into the swiss outs. andreas lubitz is believed to have her hearst is fatal to send on the outbound flight and carried it out hours later killing all of the passengers on board. richard wescott has the details. richard: it is another chilling detail to come out of the disaster. evidence the copilot practiced his fatal dive that killed 150 people on this mountainside. it happened on a flight from germany to spain earlier the same day. andreas lubitz was at the controls. left alone in the cockpit he played on the computer for five minutes. he would return to dial just like this one. today's report says he put an extreme heights, from as low as 100 feet to his highs 49,000 feet. he did something similar on the plane he

>> the reality of global warming is reality. you can measure that. nobody disputes that. >> rose: arguments about whether it's man maid or not. >> arguments whether it's man maid. again, in one hearing i made the statement that i know how to count and, therefore, i know what the conclusion is and that remains the case. i mean, we know how much co2, for example, we emit from these activities. some of the net gets absorbed by oceans, et cetera, but we know we are increasing greenhouse gases. >> rose: will capture and sequestration make a significant alternative? >> going back to the original question and then we can address that about what is our policy. we laid out in great detail the climate challenge, a very important one and this is an important year to address that internationally, but our philosophy and the president's philosophy has been what's called all of the above. >> rose: right. so we believe it's our job to enable all fuels to have a potential in a low-carbon marketplace. so for something like coal that involves carbon capture and sequest

globalized world. this is what we are aiming to do with the european union. i know that these challenges i've outlined are anyways the same strategies were discussing and he was so we're looking forward to working closely with you on that. and with that, thank you very much for your kind attention and i'm looking forward to the discussion. [applause] >> commissioner malmstrom, thank you so much. you are the best advertisement for a csis in turn. you, too can become a european union commissioner take as much. good morning. my name is heather, senior vice president for europe and eurasia. the last time we hosted you commissioner malmstrom, was in our old building angie and former deputy secretary of homeland security were in a dialogue on cybersecurity. and we can turn to that but we are just a letter to have you. what we have i think we have about 45 minutes of conversation, discussion. i'm going to get you warmed up a little bit before we let our audience ask you some questions. i know the title is "tt

so it's not a korea-specific issue but it's a global issue. and it will take me a long time to go through all this logic. but essentially the bottom line is, one, you have globalization. you have innovation. particularly, labor-saving innovation. you have partial labor mobility and full capital mobility and if you put that all together and you have the safe havens where you can expand the global value chain but you can store your profit wherever you pay least taxes. so if you combine all this you get the result that you not desire. and korea, at the g-20 level we just addressed the problem you tax wherever you generate income and we trying to address antitrust issues. at the individual country level i think they also need to strengthen competition laws and regulatory framework we have to make more transparent. that is the point i was trying to make early on. all these things are being addressed under the korea three-year plan that was announced last year. >> let's take one more question. okay. dr. lee, thank you very much for -- i found that i

it is a global problem. and i do not think our democracies are going to work the way we need them to work if we do not deal with it. it is just too easy for politicians to be populist and to look for scapegoats as opposed to dealing with the real problem. sandberg: the issues come together, the dysfunction bob talked about inability to create policy tim mentioned. it is not possible to look at the situation and say we are not , well placed to handle serious economic challenges, technological changes. what is possible to do? if you could pass the right policies, what would they be? and two, what can we do? this is an amazing group of people. a lot of influence in a lot of industries. what can people do to create the political environment which would get us to the right policies? tim, what are the right policies, and how would we get there? geithner: these are not challenges we are going to solve -- sandberg: in the next 46 minutes? geithner: there is no simple compelling easy set of things. , these are challe

vodafone has quite the week, ever since olivia global -- liberty global flirted. that is giving it a lift. this is all on the back of a note from goldman sachs. everybody is doing the thinking on vodafone at the moment. it was a euro weakness against sterling pound power.

deutsche of course became unstuck in the global financial crisis.ple are saying, we didn't get much of the upside. when is it all happening? it is very clear that the banks, as one of the mechanisms, are being blamed for what is going on. german people are very nervous of economic conditions. jonathan: it is not clear to me what investors would like deutsche bank to look like. what does deutsche bank need to look like for james bevan to say, there is some room for this? james: it needs to be ruthlessly efficient. if you say, who are the winners of banking, i would day in tesla, credit agricole in europe , they have national strength, they have retail business to die for those are the ones to look for. if one were thinking about the investment banking sector, i would say this is an easy home run for goldman sachs. they have invested aggressively and they are a miles ahead of the competition. they are much more risk, is in. if you were to say to me, what is the problem with goldman, it was the staff got the lion's share of the benefits. jonathan: ther