the imf is hurting. >> and i'm julia boorstin. in the u.s., the good news is that job losses will likely slow last month. the bad news is that unemployment is still rising. >> now, we are waiting for uk pmi data coming out. we also had nationwide house price data which came out, as well, first thing this morning. it seems to show here in the uk, at least, house prices are starting to stabilize. not all of those metrics necessarily agree with each other, but certainly that is what the nationwide house prices said. many people believe that many of the economists believe we need a bit of stability in the housing sector to get any proper recovery on track, certainly, as far as the consumer is concerned. that is uk construction pmi data should be out any second. we'll leave it a few moments while it does come out. let me just tell you that james shugg is joining us now. he's to my right waiting in an equally excited fashion for the data to come out. james, why don't we talk about what's going on in the housing sector with these figures

we go live to istanbul to get the latest on the imf meeting. stay with us. >>> hello there, i'm chloe cho. here in asia, mazda says it'll raise over $1 billion by selling new and existing shares. >>> in europe, stocks get a boost from better than expected services data in both the uk and euro zone. >>> and i'm brian shactman here in the u.s. investors may turn to third quarter earnings reports this week to save the day and return the markets to their winning ways. >>> welcome to "worldwide exchange" this monday. our viewers just joining us 5:00 a.m. on the nose new york time. let's take a look at the futures here. we had a week where the s&p and the dow lost about 1.8%, the nasdaq close to 2%. so see where we pick up. we're up about 40 points against fair value. if you are joining us, we are off the highs of the pre-market session, but not by much, the nasdaq up by about 11, s&p 500 close to six points to the up side. ism services today, 70 billion in bond options this week starting with ten-year tips, $7 billion worth today and the alcoa start

the imf is in talks with the turkish government about a new loan deal. but many turks are suspicious of what they view to be outside interference. the shoe thrower continued to shout at the imf to get out as he was taken away. >>> coming up, a unique look at the recent immigration crackdown in prince william county. a crackdown on illegal dvds leads police to a suspect they're familiar with. >>> a capitol police officer charged in an unusual crime that left one area homeowner scratching her head. >>> and the latest on a dog that was found more than 1,300 miles away from home. he'll be returned to his owner in northern virginia. >>> welcome back, everybody. at 5:30. >> coming up in this half hour, a capitol police officer caught in a compromised position. new concerns about the impact of daily sweets on child behavior. and the bank fee that has consumers upset. >>> we begin with our top story. an alexandria barber busted for allegedly selling bootlegged movies from his place of work. >> they started their investigation back in february. turns out they wer

the imf suggests a 1.3% expansion. after more downbeat assessments for most of this year, with it says it's now seeing an end to the global recession boosted by strong performances in the asian economies. however, the imf says the biggest risk to the economy is if they withdraw support too soon. up by more than 11% is tandberg. the board of tandberg, which manufacturers video kornsing equipment has recommended shareholders accept this offer. speaking exclusively to cnbc, the president of cisco europe explained the acquisitioning. >> we've seen explosive growth in this and this allows us to interoperate with more end points and that's what tandberg really brings to us. >> and cisco shares trading higher by around 0.25%. >>> the five biggest banks in britain will enforce the limits on bonuses agreed upon at the g-20 summit last week. barclay's, hsbc, lloyd's, rbs and standard chartered have all signed up with the hope that overseas rivals will follow suit. the g-20 said a large number of bonuses should be deferred and be

the imf's latest estimate points to 3.4 trillion dollars in writedowns from bad assets... that's better than the 4 trillion previously expected. the report states that banks still face potentially huge losses the imf estimates that global commercial banks have already recognized 1.3 trillion in writedowns through the first half of 2009 - and they face an additional 1.5 trillion more in writedowns ahead. the report also predicts banks will need to raise even more capital... because they currently face insufficient earnings... and that banks need to further repair their balance sheets in order to make loans that are needed to support the economic recovery. it was a familiar story with home foreclosures continuing to rise in the second quarter even as more struggling homeowners got help. even as the housing market did pick up a little, more homeowners fell behind on their payments or fell into foreclosure in the second quarter. but at the same time, the white house effort to get mortgage companies to change payment terms for struggling homeowners also showed an increase. almo

he ran toward the stage, shouting, imf get out. it missed the chief. security pushed the student to the floor, covered his mouth, and dragged him from the hall. the speech was cut short and the hall evacuate it. >>> the pilotrited with the merkel on the hutson is back on the job, flying the same route that splash landed in the hudson river. >> this flight today was a lot longer than the one in january. i was able to give mr. parker back his airplane without getting it wet first. >> passengers erupted in cheers when chesley sullenberger greeted them on the intercom. in january, the u.s. airways airplane that he was piting was crippled by a bird strike and had to make an emergency landing. none of the 155 passengers on board was hurt. >>> comedian paul rodriguez was taken to hospital in the district after complaining of severe abdominal pains. reports are that he fell ill this morning, reportedly with abdominal pains. rodriguez was in washington for congressional meetings. he served as chair of the california laitno water coalition -- california latino w

security guards grabbed the protester and another woman who tried to unfurl an anti-imf banner. the imf is in talks with the turkish government about a new loan deal to revitaze investments in turkey. the annual meetings of the world bank and international monetary fund are taking place in istanbul right now and police have detained more than 20 protesters. >>> for 17 years w, scientists have been trying to piece together a portrait of the life of ap ancient skeleton known as arty. now they say what they learned shakes the very foundation of the theory of evolution. the fossil remains of artie were first discovered in northeastern ethiopia in 1994. she lived 4,400,000 years ago. she's more than 1 million years older than lucy, who until now was the earliest existing evidence of the path of human evolution. but here now is the big news. scientists say unlike lucy, artie's fossil does not re resemble that of a chimpanzee. artie has a combination of the features of chimps, humans and other creatures. she walked on two feet, but also had a grasping big toe that allowed her to travel

turkey and the imf are engaged in talks over a loan deal. but some are calling it outside interference. >>> a mother of three is in a coma, after undergoing liposuction at a spa. michele gillen reports for wjz, on what could have gone wrong. >> lazeo -- lasoliposuction is a procedure. >> the government allows us to do it in afternoon office setting under local anesthesia, without all of the regulatory equipment that an office would require. >> reporter: so how did this mother of three end up on life support after this minimally- invasive procedure? the doctor who performed the procedure said in a statement, all pre-op procedures were followed. the surgery ran smoothly, until the end, when there was a complication. the doctor did nog wrong, and we -- did nothing wrong and we are cooperating with the investigation. but her family wants answers as to how this could have gone so wrong. >> weep just want the whole world to know that rohi is a very sweet lady. and we hate to lose her and for those kids to be without their mother. >> reporter: the

that's also the view of the folks like mohammed, team co, the view of the imf., the labor market is still awful in the u.s. and advanced economies. that's going to be a drag on income and consumption. two, the u.s. consumer is shopped out, saving less. to save more, consume less, therefore reconsumption, 70% of gdp. growth is going to be dynamic. three, innovation is 69%. why would firm want to do lots of that when there's a capacity. in most v-shaped recovery, it's v-shaped not the other way around. banks and shadow banks. credit growth is going to be lenient and we're not going to be able to finance residential advancen't, consumer durable. five, the consumer is going to be dragged and the fiscal stimulus continues, emventually they're going to lead. finally, globally, the u.s. is spending less all china, agermay and japan is not compensating for the falling u.s. demand. so globally, there is a glass of capacity and demand is going to be weaker. >> that's all you've got? that's it? seems like a pretty thin argument. i'm kidding! nouriel, that sounds like an "l

. >> everybody is moving toward the imf, et cetera, et cetera.s going to happen? bill: imf is the international monetary fund: i'm not in your mind set over here. i think that we're going to have a rough year, another rough year and then the american -- the industrial that we have in this country always have, is going to turn this economy around. look, this is a safe haven here, nobody is investing in below live i -- bolivia. have you seen the direction our country is moving in? bill: it's not the politicians. it's the workers that i have confidence in. >> the politicians are handcuffing the workers. bill: that's going to stop. >> bill, it will this way. it will if the people stand up. bill: the people will. >> i agree with you on the people. bill: anyway, beck, give me those dollars you were throwing around. >> i'm telling you it's going to be carrots. bill: beck, everybody, there he is reality check up next tonight starring barney frank and jay leno. also, bull the dog, apparently creates an outrage on air force one. don't miss this one coming

obviously a major topic of discussion there at the imf world bank meetings. are you hearing that finance ministers and others are looking to create an international standard? where are you on this important issue? >> absolutely. the global governance is a key. concept actually, the refinement has to focus on global governance, international stability. there has to be a unified approach to the whole frame. whether it is the supervisory framework, we need to articulate new world order. and we have to have new governance. that's the intention of the imf and the rest of the finance ministers and central bankers. what they need to achieve is how we're going to correct the imbalances, how the economies are going to be converted into the other economies. how the economies are going to get a stability as a good governance. we need to create consumer confidence. we need to establish global trust in real order to the global governance in the new world order. >> can you give us a sense of what's happening in banking in the middle east? particularly in qatar, where your

icelandic currency plunged and the country had to be bailed out by a multibillion-dollar loan from the imf. our reporterorts on the country and going rapid transformation. -- reports on the country going through rapid transformation. >> the economy may be a mess, but there is always fishing. the country's currency, the krone, as have the end value -- is half its value. cheap for buyers abroad. industry is booming. but there is a downside to the currency collapse. imported goods in the shops of reykjavik have soared in price is, even for those lucky enough to still have a job. this is iceland's tiny parliament blding. in this square outside popular protests earlier this year helped topple the government in power during the banking crisis. ushering in, some people hope, a return to more traditional icelandic values. things like thrift and hard work. the new government thinks iceland needs to ditch the some fragile currency and join europe and europe. -- needs to ditch its fragile country -- currency bearded, even people against us joining the eu -- currency. >> we do will make sure we are in

now, there's talk of the imf playing a more crucial role in monitoring global trade, the balances in global financial institutions. but given the strong incentives to sustain the system as it is, however unsustainable and volatile it is in the long run, how do we get there from here? how do we, you know, i don't understand how do we get there? >> it's a difficult problem. we haven't made such progress in 15 years, basically. the imf was given the authority to counsel, you know, to look at the situation in different countries and make recommendations with no binding power. that didn't really have much affect on getting more balance growth across a different country. it's also been an issue for collateral countries, with china, for example, it's been a central issue that we've discussed. i wasn't part of the g-20 meetings in pittsburgh last week but my understanding is that there was a discussion of a peer review system whereby countries would agree to let other countries evaluate whether or not they were making progress. if that's the case that would strengthen the mechanism. it's a v

. >>> the imf says u.s. growth will be slow. >> linda bell is live in new york with the latest business headlines on a thursday. good morning again. >> we do have some comments from the international monetary fun they are saying that rising unemployment over strained growth next year and the u.s. economy will grow only 1.4%. worldwide, they expect the economy to grow 3.1%. the july forecast was for 2.1%. stock index futures are indicating a lower open. there will be reports on personal income and speing, manufacturing, and pending home sales. september also sales will also come out. good news if you have been holding onto one of those american express gift cards. they're doing away with the fees for card stecco on us that go u. that is your business news. live at bloomberg headquarters in new york, i am linda bell. julie m. alison, back to you. >> thank you. >>> 6:38 is your time. >> when we continue, but the first lady's celebrates the city of chicago. >> i am so happy to be here. we have a lot of work to d

. >> [ bleep ] thrower was apparently target the imf chief but missed. >> this is the first time i'vever [ bleep ] a pig. >> please welcome the fantastic wonderful harry [ bleep ] jr. >> kristin dropped an f-bomb as in [ bleep ]. >> i also wanted to preface my question by saying how much i love my husband. however, he [ bleep ] like a neanderthal. >> ah, that's a good boy, yes. [ applause ] >> jimmy: we have a good show tonight. from "the city" on mtv, whitney port is here. we have music tonight from shinedown. and we'll be right back with woody harrelson, so stick around. [ male announcer ] colorful, original. that's outlast lipstain from covergirl. light as air lipwear that does what a lipstick can't. it's never sticky cuz it's a stain. and it won't leave your lips cuz it's outlast lipstain. [ male announcer ] from easy, breezy, beautiful vergirl. now your card comes with a way to plan for what matters to you. introducing blueprint. blueprint is free and only for chase customers. it lets you choose what purchases you want to pay in full to avoid interest...with full pay. and those y

police in istanbul using water cannons and pepper spray to break up hundreds of people protesting the imf and world bank meetings. protestors smashing windows and trashing cars. cops detained nearly 100 people. indonesia. an australian rescue team, using special voice detection equipment, tries to find survivors in the rubble of last week's devastating earthquake. >> we have to figure out whether or not we can do something. shepard: no sign of life reported yet today. the official death toll is now over 700. new zealand. hundreds of people finally able to get their cars. this is a couple of days after they got stuck and the highway and heavy snowfall on the country's north island. officials finally lifting the state of emergency there. they reportedly caught a lot of tourists off guard. peru. archaeologists presenting the remains of what is said to be a young female priest more than 1500 years old. they found her on the country's southern coast. researchers are saying that the girl died of natural causes somewhere between the ages of 12 and 15. and that is a wrap on this box trip around t

the imf is currently in talks with the turkish government about a new loan to revitalize investment in turkey. but many turks are suspicious of the plan. the annual meetings of the world bank and international monetary fund are under way now in istanbul. police have detained 20 protesters. >> when somebody takes their shoes off, you start ducking and bobbing and weaving. quick, on your feet. >>> well, you know we led off the newscast, two earthquakes, one earlier in the week and one yesterday, and a smaller one in california. >> this is just northwest of death valley. i wanted to put together a map to the relation of all these earthquakes. so here it is. you can see they're all in the pacific. and in fact, you notice the pacific tectonic plate area, ring of fire. i spoke with a geophysicist today, and asked him if it was unusual for these to be clust erd and he said no. it's a statistic law that these clusters would come up. but what is unusual, if these occurred, these earthquakes, the biggest one i indonesia and in samoa, in cracks in the plates. not from that shifting of the plates.

security removed the shoe thrower from the hall as he yelled "imf, get out."helle obama hoping to bring the summer olympics to chicago. mrs. obama is in copenhagen along with other chicago dignitaries lobbying members of the olympic commit. president obama makes his pitch later this evening. check out the cover of the "chicago sun-times." the headline, oprah says if chicago gets the winning bid the party starts tomorrow. we'll have a live report in the next hour from copenhagen. senator max baucus says the health care bill could clear by the end of the week but it's not clear what we get. tempers are flaring and big amendments relating to the public option, abortion and illegal immigrants get shot down, that happened in recent days. the free choice act on deck and could be voted on today. we'll have a live report from capitol hill in our next hour. breaking news now on msnbc. a big boost in consumer spending, moments ago the commerce department reporting a 1.3% jump in consumer spending. that's the biggest in nearly eight years. spending got a jump start by th

is expected to grow by 1 1/2% and the imf indicates the economy here in the u.s.be growing by year's end. >>> many grocery stores in montgomery county are getting is a facelift. the washington business journal reports that locations include damascus, bethesda and wheaton. it is time for the money-saving tip of the day. be mindful of marketing tricks the next time you are at the grocery store. you may not know this but the items with the biggest markups are placed at chest level. if you want to look for a bargain, literally look high or low, reach up and down. items such as painkillers, contact lens solutions and nonfood items can cost more at the grocery store than the drugstore. for more tips check out my blog, the financialista.com and follow me on twitter and i would love to be your friend on facebook. there are subtle tricks even at the mall to get you to buy. >> i never thought if it is at eye level they are trying to lure me in and charge me more. >>> and this was big even by china's standards. why they are taking out all of the steps for a celebration today

we also saw a lot of people move out of the safe havens and look for riskier status after the imf said the service index expanded an robert gibbs, during the daily briefing, down played the prospect of another stimulus package. financials were sharply higher led by wells fargo after goldman sachs upped the bankers stock seeing the street is underappreciating the firm's ability to grow profits. they rose to an overall from atrack toif neutral say that analysts are estimating the earnings. with a greater appetite for risk they sent oil above $70 a barrel helping to fuel energy stocks and materials also gaining on dollar weakness. alcoa shares up nearly 5%. the aluminum giant is kicking off earnings season on wednesday. could be some optimism there if we see some topline growth. and more deal talk fueling optimism. reports that the networking gear maker is putting itself up for sale. the "wall street journal" saying oracle that acquired hp would be among the potential bidders. busy day. >> let's find out how to play the market with our investors. >>> they hit a speed bump. the consumer co

the imf bank house to certify them and of course they are trying to get through the certification by having enough reserves so they get certified. it is a very complex problem and we have things competing against each other. so we are trying to come up with different ways to help them get the equipment we think is necessary for them to have a foundational capability by 2011. part of that might be as we have to what we believe is there is about and fiscal year 2010 and 20 less than we have about $3.5 billion we need to help them finish getting the foundational capacity that they need in order to be able to have security by 2011. then we have to continue some sort of f. emineth program through the state department after 2011 and if we are able to do that with that will allow them to build up and have the security and capability necessary to protect themselves. >> thank you. i appreciate that. one of the things that must be frustrating is violence@@@@@@@@ the iraqi security forces, like our forces, understand what their duty at mission ase. and they are very dedicated to providing secur

the imf. >> do you follow the lead of the go-go equity markets? the big surjoins us from chicago, and of course we're talking about rick santelli. rick, certainly if you take a look at the yield on the 30-year, below 4%. you would think ha, not so good. but thin take a look at the equity markets, good. >> i think the boys hit it on the head today. it's a liquidity rally in a very simple way. we're going to make the adollar cheaper. pretty much the whole world is buying into that. how can you be short stocks and how can you not be nervous at some point on inflation? but the credit markets don't seem to be, which means the recovery is probably going to be like this. and i'm talking about a c. a c-minus type recovery. guess what? tomorrow in the "independent" london newspaper there's going to be a story, we've heard it all before, that they're going to get rid of the dollar as a reserve currency in oil transactions. but the names on this, and the story gets more in depth. with stories like this it's hard for me to believe the dollar is going to survi

ranging from the news from barrick gold to the imf selling gold to the federal reserve itself and getting a little bit of a bid in the u.s. dollar. gold just has not gone down. and gold should go down. and when gold goes down, it goes down violently. and it has not done so. that is why i believe the trade here to the up side. >> listen, and you can make the same argument that it had every opportunity to go up and it didn't. it's definitely a tug of war right now on the gold market. it had a nice reversal today. it should break out from where we are right now. it has no reason to stop going higher. it does scare me, though. >> it's about inflation fears, right? >> i'm going to take a pause because we do have some breaking news here. we have been speculating in the past will ken lewis make it through the year? no better guy to talk about this than charlie gasparino. charlie, what is the latest? >> our long national nightmare is coming to an end. not really. he has notified the board of directors of bank of america that he will step down by the end of the year. sources tell cnbc this was his

the imf says the world economy is recovering.lobal activities are forecast to expand about 3% next year. the imf raising expectations for the u.s. economy, now saying it will grow 1.5% in 2010. joining us now, william teeny and bert white, chief investment officer at lpl financial. who should i start, mak? bert. give us an idea of your outlook here and how you think the market has priced in what the economic forecast is. >> yeah, you know, we think that gdp is going to surprise. we think earnings are going to be good, gdp is going to be good. i think economists are thinking about 2.9% or so is the consensus for u.s. gdp in the third quarter. we think it's going to be higher than that. 4% is in the cards. maybe even higher. if we get that, that means top line operating growth. we think that will mean great corporate profits. >> saying 3% or 5% in the third quarter is old news. >> no doubt. >> i don't want to be looking too much in the rearview mirror here. >> no doubt. it is definitely somewhat old news, but i definitely think it'

certainly legitimizes the bric countries, and that's what they wanted from the imf. they have a larger voting role, 5%. and it really underscores the strength of these economies, the fact that as you mentioned the central bank said we can devote our resources to this. so i think that's a major thing as far as brazil goes. i think it's great that they got it. on a secondary note, i will say this, as i wrote in my cnbc blog today, i think we're starting to see the peak as far as the obama appearances really make a major media impact for what he wants, and i think you'll see going forward less and less of these appearances because he's getting less and less draw tv ratings, or impact on the policies. >> andy, from an investment standpoint, we saw brazil and its markets soar. then we saw them sell-off dramatically when the united states had its troubles. would you play brazil based on its win now for the olympics? would you play it from an investment standpoint or not? >> right. i mean, the bric countries have been a great story. you know, from my world in the currency w

the imf bank house to certify them and of course they are trying to get through the certification byhaving enough reserves so they get certified. it is a very complex problem and we have things competing against each other. so we are trying to come up with different ways to help them get the equipment we think is necessary for them to have a foundational capability by 2011. part of that might be as we have to what we believe is there is about and fiscal year 2010 and 20 less than we have about $3.5 billion we need to help them finish getting the foundational capacity that they need in order to be able to have security by 2011. then we have to continue some sort of f. emineth program through the state department after 2011 and if we are able to do that with that will allow them to build up and have the security and capability necessary to protect themselves. >> thank you. i appreciate that. one of the things that must be frustrating is violence does continue to flare from time to time, and i notice one of the high ranking iraqi army generals was recently killed as well. it was reporte

if you go to any country in the world you will find that dollars usually trade, and the imf because of the post-world war ii agreements, basically do their agreements in dollars. if the dollar is in a collapse, if the weakness turns into collapse, that could threaten financial stability. we have to be concerned about the whole structure of finance. this is not just a matter of promoting exports. host: we go back to the clinton a administration and says the dollar went from $1.24 and now it is worth 0.75 cents. guest: surpluses are good for the strength of the dollar. if you are a foreign bank thinking about investing in the debt of a government, which government will you invest in? one with mounting deficits or mounting surpluses? you will go to the surplus side. that strengthens the dollar. one of the problems of the 1990's was too strong of a dollar. we could buy everything in the world that other people were producing, but we had problems with exports. host: our first call now. caller: i am sitting here watching c-span and i don't easily -- i don't usually call end. i hear economist