i'm andrew stevens in hong kong. >> and i'm charles hodson in london.

i'm andrew stevens in hong kong. >> i'm charles hodson in london. watching cnn, which is the world's news leader. goodbye for now.

i'm andrew stevens in hong kong. >> and i'm charles hodson in london.e watching cnn, the world's news leader. back in four hours' time. good-bye for now.

i'm andrew stevens in hong kong. >> i'm charles hodson in london. you're watching cnn.world's news leader. -- captions by vitac -- www.vitac.com

. >> i'm charles hodson, you're watching cnn's continuing coverage of the uprising in libya. >>> history is unfolding today in libya as colonel moammar gadhafi's 42-year grip on power appears to be coming to an end. here now the latest. anti-gadhafi forces say they're in control of most parts of tripoli. the rebels caution there are still some pockets of resistance in the capital. colonel gadhafi's own whereabouts are unknown now, but there have been sporadic gunfire and explosions near his al aziz la compound in tripoli. rebels say they have now capt e captured three of gadhafi's surviving sons. prosecutors for the international criminal court say they hope to put saif gadhafi on trial, but a spokesman said the libyan people should decide whether to handover the sons to the icc. we've been able to speak with some libyans who say they are ready for change. one young woman says the country has been put through 42 years of hell. listen to the pure joy that change has brought to this 19-year-old living in the capital city. >> this is something we've all been dreaming of forever. the second

i'm charles hodson in london. >> i'm andrew stevens in hong kong. you're watching continuing coverage of the battle for tripoli. >>> in libya, rebels claim to control most of the capital but gun battles continue in some parts of tripoli. an evacuation boat arrived there today for stranded migrants. the vessel was sent by the international organization for migration and can carry 300 people. to the west of tripoli, renewed fighting is reported near za ware and nato says three surfaces to surface missiles were fired on monday night near moammar gadhafi's hometown. nato is not aware of casualties or damage. the foreign minister is to fly to benghazi today to meet officials of the national transitional council. the chair of the alliance of nations is there to deal diplomatically with the libyan conflict. andrew? >> charles, meanwhile, moammar gadhafi is nowhere to be found. one of his sons, his chosen success, saif gadhafi has reappeared. he unexpectedly presented himself in front of cameras outside of tripoli hotel. libyan rebels had claimed to have hi

i'm charles hodson. >> and good afternoon from cnn hong kong. i'm andrew stevens.elcome to "world business today." today is tuesday, august 2nd. >>> the u.s. is closer to settling the debt deal. can they handle the cuts. >>> how are the world's largest car mareks being hit. >> and eric schmidt was google's ceo from 2001 to 2011. >>> at long last washington's debt drama should end just hours from now. political observers predict the senate will vote to approve the final plan and that will allow president obama to sign it into law before tonight's debt limit deadline, thus averting a u.s. default. the house of representatives approved the 11th hour compromise by a wide margin on friday. 261 for, 161 against. consistent for both republicans and democrats. charles, this time yesterday we talked about the market having a positive reaction. it didn't seem to last long, though, did it? >> it certainly seemed to melt away pretty fast, as fast as summer snow, even here in london. actually that i thinking combined with the news out of the u.s. manufacturing sector, which we'

. >> i'm charles hodson in london. you're watching cnn, the world news leader. >>> good morning. et it is tuesday, august 2nd. this is your a.m. "wake-up call." i i'mally velshi joining you live from new york. let's start with a story. it's tropical storm emily. take a look that weather track. there's chance it could pick up strength and approach south florida by friday. we're going to talk to rob marciano about that in just a few minutes. for those of you in florida, you may want to change some of your plans. the senate votes on the bills today with just a few sand granules left in the hourglass, and all the dithering and delaying didn't come for free. this might make you spit out your coffee or trip on your treadmill, so get ready for this. the price tag, more than 1 $.7 billion. that is how much extra interest the government will have to pay investors because it had to sell treasury bills to finance its operations in the middle of this mess. if the mess had been worked out even two weeks ago, that money would have been saved. now in the bizarre world of washington u you spend

. >>> from cnn london, i'm charles hodson. >> and i'm andrew stevens at cnn hong kong.lcome back. you're watching "world business today." >> all right. let's go straight over to the stock markets here in europe now, open for 91 minutes, and we're continuing to see declines. a lot of volatilities here still. these markets are basically 10% lower than they were back in february with a high -- actually the lowest level since october of last year, up by only a third of a percent in the case of the ftse and the paris cac 40 less than that by a quarter. swiss market, which is playing catch-up to some of the selling we saw on monday, closed for a swiss national holiday, that's off by more than 2%. so what with the u.s. manufacturing coming in very disappointing, a lot of uncertainty surrounding the future debt rating status of the united states and the debt problems, not only there, but also here in the euro-zone. really we're looking at a very, very weak couple of days, continuing to be a weak session on the stock markets here, andrew. >> yeah, very similar story in asia as w

bush in oxford we go to godfrey hodson from oxford university and author of the myth of american exceptionalism and in new york we cross to peter shock he is a professor at yale law school and coeditor of understanding america the anatomy of an exceptional nation and another member of our cross talk team yell on the hunger all right gentlemen cross talk rules in effect that means you can jump in anytime you want since you wrote a book on it i'd like to go to godfrey first in oxford you are quite open out there it's a myth why is that a myth well first. well a myth does not mean that everything about it is untrue it is an idea or a story which is partially true and one of the things i say in terms in the book is that it's not a good thing to believe things which are not wholly true now that basically two parts to my thesis one is that historically. people in the united states exaggerated how different they are and how side how exceptional to world history and that in fact the history of the united states and many many important ways has been part of larger movements larger ideas of the protestan