. >>> palestinian president mahmoud abbas just announced he will not be running for re-election. >>>sidents in florida's miami-dade county have overwhelmingly voted to remove mayor alvarez from office after he raised property taxes and increased the salaries of tkpun. >>> and more proof of the extraordinary power of japan's earthquake and tsunami last friday. a photo provided by the u.s. navy shows one home completely just floating by itself in the pacific ocean. >> and now here's an early look at how wall street will kick off the day. the dow opens at 11,855 after tumbling 137 points yesterday. the s&p dropped 14 points. the nasdaq fell 33. taking a look at overseas trading this morning, in tokyo, the nikkei surged 488 points while in hong kong, the hang seng gained 22. >>> the prospect of a nuclear meltdown in japan crippling the world's third largest economy reeked havoc on markets earlier this week. but there are signs this morning from tokyo things may be calming, at least for now. the nikkei closed more than 5.5% higher today, recovering some of the massive losses sustained ove

is of palestinian leader mahmoud abbas who also spoke with the russian president of the peaceful settlement of the middle east but despite these efforts tensions and violence continue to escalate. into one dozens of people injured in a bus blast which rocked central jerusalem some. political science or zeit university has. i think the israelis should grab. a good will. go. as as far. christian. countries iran. countries such as egypt. and gulf. things mike graham if you. think. the security should find a solution. to the rights. take a look at some other news making headlines around the world this hour but portuguese prime minister resigned after the country's own makers rejected an austerity budget all thought position parties voted against the proposed measures which are spending cuts and you cannot survive since it was not a bailout that cynical but i'm not greece except in austria. and we are paying union says it's being targeted by serious cyber attack on the commission and external action service in brussels the scandal comes ahead of a crucial summit into structural them over the nex

in other news, we are just learning that palestinian president mahmoud abbas is not going to run for re-election. this is the first time that abbas has said explicitly i would not seek another term. in a speech today, abbas also said he is willing to travel to the gaza strip to promote reconciliation between the feuding palestinian territories. >>> well, quite a bit of rain falling out there in some spots, we know that. let's look at highway 1 in sonoma county near valley ford. this is early last night. a foot and a half of water forcing crews to shut down that road in both directions. >> and take a look at this video, a big wall of mud and debris slid on the it's dare row highway near russian river. the county did get crews throughout and they were able to clean up the mess but what a mess it was. >> what everybody wants to know is how long will this rain continue? let's check with lawrence who has a look at the midweek forecast. >> good morning. we have some more rain around the bay area today. showers out there nothing real heavy but we have moderate amounts of rain in parts of th

north africa to do that first image it had quite a busy day also met with the palestinian leader mahmoud abbas meeting president medvedev expressed concern this the on going situation in libya could affect the ongoing middle east peace process but the situation in the middle east and north africa has been teased up but has become more difficult we should exchange opinions on how they should to a shot in the air will affects the peace process in the middle east. also in the region at the moment in north africa is the russian foreign minister sergey lavrov he said this the if the conditions in the situation in libya continue to worsen then there is the risk that we could see if attentional new spark of international terrorism coming from this situation. the crisis in libya has also been the focus of a meeting between the prime ministers of russia and slovenia journalists as bloody a potent to comment on his recent past comparison of the libyan campaign to a crusade the previous reply counted media speculation about differences within the russian leadership over the issue. used really stories for

said during a meeting between the russian president leader of the palestinian national authority mahmoud abbas which also took place here in moscow's larssen foreign minister also voiced his concern saying that he believes that if the situation in libya worsens and the military presence in libya does continue it could actually lead to further destabilization of the entire region and possibly even a. it's spread of international terrorism. different reaction to the military operations in britain there appears to be inconsistency about the aims the coalition is pursuing in libya prime minister cameron says regime change is not only a table but u.k. defense and foreign secretaries have said that there is a possibility that troops could target colonel gadhafi. has the latest from. the governments both in front of it scenes and also behind the scenes is arguing that gadhafi himself could be construed as a threat to the civilian population and therefore it would be illegal and within the terms of the un security council resolution to endeavor to target him on the other side we've got the army and th

the first with talks with mahmoud abbas and now benjamin that's not here is in moscow are looking like a trend what can watch as role be in this peace process. who rushes of course has been a long time member of the middle east. for ted i know of the four countries that have dedicated a lot of time and effort to acting as mediators in the middle east peace negotiations hoping to find a solution that would satisfy both sides and of course be a political one dog in the military one of the united states frequently tried to act as mediator in the conflict but russia also believe now hopes to pick up where the united states left off and perhaps couldn't achieve what they'd set out to do now with the meetings first with the leader of the palestinian national authority now with the israeli prime minister russia hopes to step up to the plate and fill the position of mediator hopefully. taking the position that would. this bring the two sides closer together closer to finding a diplomatic or political solution to the middle east conflict of course israel. is very upset in its ways and again its

dominating the agenda for the rest of the day you know netanyahu is a visit comes just a day after mahmoud abbas came to moscow what is russell's role in the israeli palestinian peace process. more issues of course part of the middle east quartet the four countries that are involved with the peace negotiations that have a force been stalled said since september the united states tried to act as a mediator in reinstating those talks they were very successful no washable to pick up where the united states left off and it became a become a mediator a moderator of sorts and hopefully get the two sides talking once again and searching for a diplomatic and a political solution to the ongoing conflict in the middle east of course the current unrest that is sweeping north africa and the middle east has frequently caused concern here in russia a many russian officials and experts say that it could very well do stab allies the peace process and threaten its progress of course the situation in israel continues to be tense with yesterday seeing one of the first suicide bombings in israel in jerusalem in a l

first image it had quite a busy day also met with the palestinian leader mahmoud abbas meeting president medvedev expressed concern this the on going situation in libya could hamper affect the ongoing middle east peace process so looking at that situation in north africa in libya stretching into having an effect on the greater middle east in spreading beyond the borders all libya completely. also in the region at the moment in north africa is the russian foreign minister. he's been meeting with leaders from around the arab world. talking to the arab league in egypt of course and now in algeria he's said this the if the conditions and the situation in libya continue to worsen then there is the risk that we could see a potential new stock of international terrorism coming from this situation. bring us up to date there from central moscow thank you. britain there appears to be inconsistency about the aims the coalition's pursuing in libya prime minister cameron says that regime change is not on the table but the u.k. defense and foreign secretaries have said there is a possibility the troop

said during a meeting between the russian president leader of the palestinian national authority mahmoud abbas which also took place here in moscow so russian officials once again voicing their concern about the presence of coalition forces in libya not only in regards to that country what and regards to the consequences that the military invasion into libya could pose not only for libya itself but for the now north africa region and now even for the middle east what are you afraid of are of the following russ' the sosman of the situation in libya live from moscow thanks for that of course different reaction from around the world in britain there appears to be inconsistency about the aims the coalition is pursuing in libya prime minister cameron says that regime change is not on the table but you cared to friends and foreign secretaries have said that there is a possibility that troops crit target colonel gadhafi argues or emmet has the latest from london. actually gets himself out of the person could be a target for for this action defense secretary william fox said that he could be a legitim

. >> on that sject, president mahmoud abbas has called for elections in the palestinian authority. do you share my concern hamas, whose mandate has expired, is refusing to allow such elections to take place in gaza? >> the key thing in terms of our engagement, should be to ask those on the palestinian side to accept the key principles of recognizing the state of israel, recognizing former agreements, then it will be possible to hold proper negotiations. but we need that to happen in order to get both tables -- part is at the table properly to haer out the problem that everyone knows is there. >> conversations with president obama. has he emphasized the opportunity in the middle east to provide progress on palestine and the middle -- israel? has he expressed support of that resolution? >> i have had ank conversion with president obama about this. i believe it is an incredibly close relationship, but when you disagreeyou should be frank in saying so. in this situation, we do not agree. while the resolution was ideally drafted, we believe is right, and are disappointed that it was vet

president mahmoud abbas called for elections in the palestinian authority. does my friend share his concern that hamas whose electoral mandates that expired is refusing to allow such elections to take place in gaza? already i think -- >> i think my right old friend makes a good point. the key thing in terms of our engagement should be to ask those on the palestinian side to accept the key principles of recognizing the state of israel and recognizing former agreements and then it's possible to go forward and hold proper negotiations. but we need that to happen in order to get both parties around the table properly to then hammer out the solution i think everybody knows is there. >> mr. ben bradshaw, in his conversations with president obama, has he emphasized the urgency and the opportunity of the events in the middle east provide to make progress on israel, palestine and has he also expressed disappointment at the american veto of that resolution. >> i had very frank conversations with president obama on this. i do believe in the special relationship and bel