angela merkel has said quite clearly nothing will be decided. you could say this is sort of a routine summit where european leaders are sitting down, discussing proposals and the future of the european union to prepare decisions to be made in december at the next summit, and that is what is likely to happen. there's plenty of things on the table, and we will see what comes up in the end. >> nina, thanks so much. >> politicians in brussels are sure to be feeling the heat from the street with a general strike by increased today bring in more than 1 million people out against the very policies that those politicians are crafting at the moment. >> violent clashes between police and protesters in athens, for example, have become a fixture of the greek demonstrations. riot squads fired tear gas after protesters threw petrol bombs. one protester is reported to have died of a heart attack during today's confrontations. >> tens of thousands took to the streets of athens for the latest demonstration against government cuts. they say the austerity drive is

angela merkel made her first visit to greece since the eurozone crisis began. what is she hoping to achieve? >> she wants to underline the importance of greece continuing with its reform process and to encourage greeks in that effort. she says that germany will stand by greece as it does so, and she wanted to demonstrate that she means what she says when she says that she understands the sacrifices that ordinary greeks are having to make as these budget cuts are implemented. it is a question of a symbolic visit. i think the message has been support for the greek government, but no more money, apart from a small amount -- 30 million euros for bilateral projects -- and no more time to get these reforms pushed through. >> is there a danger that these protests in athens could dampen the german public's appetite for these bailouts? >> the bailouts in general are not very popular in germany as it is. i do not think there's any likelihood that protests will change attitudes here. authorities think that greeks have a lot more to do. they are a lot less confident than c

the first time angela merkel has been to greece. for a lot of people in greece, chancellor angela merkel is being blamed with the austerity package with which they are dealing with. she is being blamed for these protests. something like 7,000 police officers have been out in the streets of athens to make sure this trip goes as smoothly as they hope. so do stay with us. there's plenty more on "bbc world news." back after a while. >> make sense of international news at bbc.com/news. >> funding for this presentation was made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you? >> "bbc world news" was presented by kcet, los presented by kcet, los angeles

bejeweled between merkel and performance finance minister -- the duel between merkel and her former finance minister has only just begun. polls show germans do want a change in government. so-called grand coalition between conservatives and social democrats or the social democrats and greens are two possible outcomes. >> let's talk about this. angela merkel is still clearly germany's most popular politician. peer steinbruck will be spending the next year trying to find her achilles heel. will he find one? >> the glowing ratings angela merkel has been getting have to do with the fact that germany has gotten through the year of crisis and financial crisis pretty well and has had some very good years. it looks like those times are coming to an end. germany appears to be heading toward a downturn, a recession, and we also see numbers showing there is a widening gap between rich and poor in this country, so the economy could definitely be an achilles' heel, and steinbruck might be in a position to exploit that. he certainly has a lot of financial expertise. the other possible weakness -- that on

a cool reception for chancellor angela merkel during a visit to greece turns out sons of protesters pointing to her disorders of they can only commiserate. israeli prime minister netanyahu had his to go all out for reelection as he dissolve parliament and orders a snob at the peak of his popularity citing budget bickering. branding and image as a pussy riot appeal the sentence many question whether the punk band wants to be released only if it's just another of this it is. this is all see coming to live from moscow hello and welcome to the program rises and falls from warm welcome from the greek people for chancellor angela merkel and her visit to athens while the german leader praised the government over its austerity measures an army of riot police held bank turns of thousands of demonstrators just streets away fast now reports on athens from athens on why merkel's visit has so riled the people. it was supposed to be a conciliatory gesture but in the end it seemed a need to add fuel to the fire of austerity and. clashes are breaking out between the riot police on the protesters on the stre

merkel insisted she was also there to to offer the greeks her support. cath ly carolyn roth is in and thens. when i left, she was carolyn schobel. thank god it's roth now. >> thank god i got married, right? i'm extending my honeymoon. >> we know that's what the security is there for. >> right. i was going to say i was extending my honeymoon. i went to greece without my husband, though, one person who is not on honeymoon, that's ms. merkel. she's arriving here as you said in a little bit more than two hours. and the reception here is less than luke warm because two biggest unions here in greece have actually announced they're going to hold huge rallies to protest her arrival but the police is putting in to applies an unprecedented level of security. the security hasn't been this tight since bill clinton visited back in 1999. 7,000 police officers are on duty and they've blocked off the city to the protesters because at any cost they do want to avoid violence flaring up. on it so it's now a red zone. so police is on heavy guard because they'll have water c

. >> syria and eu membership on the agenda and talks between angela merkel and the turkish prime minister. >> european and north african countries have kicked off negotiations on a huge solar energy project in the sahara desert. u.s. president barack obama has arrived in new jersey to tour the devastation left in the wake of super storm sandy. >> obama was joined by new jersey governor chris christie, who is republican, but christie has praised the way the president has handled the crisis. they viewed storm damage by helicopter. obama will also be meeting with residents and emergency workers. >> cleanup work is in full swing on the east coast after sandy flooded cities, washed out bridges, and caused billions of dollars in damage. >> but new york city is making it clear it is back in business. mayor michael bloomberg rate in the opening bell at the new york stock exchange, which was closed for two days. >> the storm killed over 40 people on the east coast and caused unprecedented damage. >> life is slowly returning to normal in new york. on wall street, major stock their first two-day clo

also this hour fierce reception for chancellor angela merkel during her visit to greece with tens of thousands of protesters pointing to her as the source of their economic misery. and israeli prime minister netanyahu appears to go all out for reelection as he would as a snub paul at the peak of his popularity citing budget recovery. news from russia and around the world this is us he with me our thanks for joining us moscow city court has started hearing an appeal by they pursue riots punk band punk band the sentenced to two years in jail for performance in the country's main orthodox cathedral and aussies point to join us live now from the course pauline nice to see you so what's going on where you are now. where there's plenty of people gathered here outside the most scary city court as we speak the appeal hearing is taking place inside the courtroom we've already heard from the pussy riot women themselves we've heard from their lawyers development today is that one of the members of the pussy riot punk rock collective yackety rena summit savage her lawyer she fired her lawyers la

that is by his rival, angela merkel. he seems to be presenting himself as the better european, the more committed european. he is telling voters that greece will take a lot longer to recover and that is going to cost a lot of money. he is saying they are entitled to that information. that may be true, but, as we know, elections are seldom won by telling the electorate unpleasant truths. >> thank you very much for the update. >> the greek government said the country is heading for its sixth consecutive year of recession next year. they see about 7.8 billion euros of fresh austerity cuts. their talks earlier in the day with the so-called troika -- there were talks earlier in the day with the so-called troika. people gathered to protest the talks. we're joined by our actions correspondent. is this what the government parties were elected to do -- our athens correspondent. is this what the government parties were elected to do? >> the troika resumed their talks with greek officials today. within about 90 minutes, they had no

clashes have broken out in greece and gets fired up protesters angry at the visit of bangalore merkel there are reports police are making preventative arrests the german chancellor is seen as appalled behind the policy bringing hardship and tough austerity to the greek people archie sara for it is in athens. clashes breaking out between the riot police and protesters on thin cognise square today this is going on as german chancellor merkel in the country and she's come here to show solidarity she says that all it's really done is serve to highlight the huge decision to remain within the country itself between the people and the government between the different you're saying states there is huge anger today on the streets of the five on the streets of athens. visiting the country it is this year of a recession that she has been here since the euro crisis started it's been years and the agony it's been building this entire you've got to remember as well that the rhetoric from germany the rhetoric from some of these big strong year is a spike lee changed dramatically at the beginning of

reports now on from athens on why merkel's visit has so riled the people. it was supposed to be a conciliatory gesture but in the end is seen do you need to serve to add fuel to the fire of austerity anger catches a breaking out between the riot police on the protesters on the streets of there and this is going on. because the thing the country it was supposed to demonstrate is solidarity but all it serve to do if i like the divisions there remain in the country itself between the people and the politicians and between the eurozone countries as well the bad. blows between greece and germany runs deep greece largely blames germany for the tough measures they faced this seen them caught in an devastating economic spiral and they germany's rhetoric may have softened recently weeks of nights i think given all forgotten their portrayal of the start of the crisis as the bad ones of the bunch. government. to the people the people are suffering cards not in goshen child jobs all the. working people if large chunks of the greek population looking increasingly isolat

induced coma we'll talk to mike shylock about all this and the calculus behind jobs numbers plus angela merkel is in athens she reportedly offered words of support for her greek counterpart while that's easy going for any change but it's a far more expensive bailout countries the conditions of bailouts and debt write downs words of support don't pay the bills or reignite a stalled economy will discuss and look at where the mainstream media has gotten this thing all wrong plus iran faces hyperinflation or does it we'll talk about the economic impact of sanctions price controls and whether it's better to lose purchasing power quickly unnoticeably rather then slowly but surely you know what i'm talkin about who i'm talking about let's get to today's capital account. the u.s. jobs numbers were released friday from the bureau of labor statistics which typically i think it's fair to say gets one solid day of play in the news cycle but not this time because the unemployment rate dipped to seven point eight percent and some high profile folks such as former g.e. c.e.o. jack welch suggested obama's tea

a cold reception for chancellor angela merkel during her visit to greece with tears in front of the protesters pointing to the source of their economic misery. israeli prime minister netanyahu appears to go all out for reelection and dissolve parliament and it was a stunt a bit of his popularity citing budget big. cost branding and they've addressed kristie right below that sentence many question whether the punk band wants to be released point it's just not a publicity stunt. you saw in russia on the around the wall this is aussie with me thanks for joining us first hour rises and falls from warm welcome from the greek people for chancellor angela merkel and her visit to athens while the german leader praised the government of its austerity measures the all of the of riot police held back tens of thousands of demonstrators just streets away also reports now from athens on why merkel's visit has so riled the people. it was supposed to be a conciliatory gesture but in the end it seem do you need to add fuel to the fire of austerity anger. is a breaking out between the riot police on the protest

a fierce reception for chancellor angela merkel during her visit to greece with tens of thousands of protesters pointing to her as the source of their economic misery. and israeli prime minister netanyahu appears to go all out for reelection as he orders a snap poll at the peak of his popularity citing budget. thank you for joining r t we go now to our top story moscow city court has freed one member of punk band pussy riot while the other two participants of the performance in the country's main cathedral will remain in jail artie's polly boyko is off the court for us. ali what are the recent developments there. well as i speak the the defense team for pussy riot is emerging for the band members who are going to stay in jail but what we learned in recent minutes is that you could see it in some would say that one of the pussy riot band members she's been released on a two year suspended sentence of probation that means that she's going to walk free from the courtroom in a matter of minutes and the same can't be said for her to fellow band members they are going to be sent to prison

the greek daily shows a military merkel telling the greek prime minister to stand at attention. he timidly asks for a bit of wiggle room. the athens newspaper casks -- casts the chancellor in a slightly better light. and in french weekly, a cartoon merkel visits agrees, saying she hopes her reception did not cost too much. the berlin-based political journal cicero recounts the encounter with alexander the great. the nobel peace prize for the eu has been another big motif for europe's political cartoonists. the announcement provided plenty of comedic inspiration as france's represented -- representative quick to that they may have won the peace prize but would have to do without the award for economics. in berlin, a peace dove blissfully unaware of the vulture behind it. the scavenger warns europe not to celebrate too soon. the conservative spanish paper shows protesters demanding their share of the 940,000 euro nobel prize money. in the barcelona daily, even the german chancellor is looking to exchange the metal for cash. in france's paper, shows greece sweeping in to collect th

. >> chancellor angela merkel expressed regret for the loss of life in turkey. she urged both sides to show discretion. >> we call on all parties to remain level headed. but it is clear that germany condemned the syrian attacks on germany -- on turkey. we stand beside turkey. >> stern countries were united in saying that the conflict cannot -- western countries were united in saying that the conflict cannot be allowed to spill over into neighboring countries. >> we do not want to see a continuing escalation of this incident. >> but syria's ally, russia, took a different tack. foreign minister certification a blackrock said the fault did not lie with -- foreign minister sergei lavrov said the fall did not lie with syria. -- the fault did not lie with syria. >> for more, we are joined by an analyst. thank you for coming in. turkey and its nato allies are treating this attack as a deliberate one. the original mortar fire. russia obviously disagrees. what do you think? >> i cannot think this was a deliberate attack. that would be very unwise in terms of syrian polic

i feel it's a reception for chancellor angela merkel during her visit to graze with tens of thousands of protesters pointing to the source of their economic misery. we're bringing you live pictures now from moscow city course they pursue riots are people getting under way as more specific or to the punk band the receipt to get is in jail for publicity stunt and russia's main cathedral like pictures or. an israeli prime minister netanyahu appears to go all out for reelection as he dissolved parliament and orders a slap at the peak of these popularity citing budget bickering. this is r.t. coming to you live from moscow hello and welcome to the program arises and far from warm welcome from the greek people for chancellor angela merkel on her visit to africans while the german leader praised the government over its austerity measures an army of riot police held by turns of thousands of demonstrators just streets away oh she's south us now reports from athens on why merkel's visit has so riled the people. it was supposed to be a conciliatory gesture but in the end it seem do you need to se

pantai cox hearing greece all protests are banned before a visit to athens by germany's chancellor merkel as the country has just a week left to qualify for its next bailout installment. rock obama's presidential rival mitt romney calls for arming the syrian rebels with media revelations now showing import of weapons crates already in the hands of insurgents. close market beijing says the u.s. is afraid to compete on an equal food ng after regulations from washington to china stop companies could be spawning on america. what you are going to live from moscow one pm and the russian capital on marina josh craze isn't golf to protest with thousands of police officers deployed to athens i had a visit by the german chancellor angela merkel well later we'll catch up with our correspondent sara firth who is there and she will bring us the very latest in the meantime rock obama's rival for the u.s. presidency mitt romney has called for a more aggressive foreign policy in the middle east which would include arming the syrian rebels the democrats have hit back saying romney stands lacks vision and

reports now from athens on one merkel's visit has so riled the people. it was supposed to be a conciliatory gesture but in the end it seemed a need to serve to add fuel to the fire of thirty and. touches a breaking out between the riot police on the protesters on the street that. going on. the thing the country it was supposed to demonstrate solidarity but all it's to do if i like the divisions remain in the country itself and. when the people and the politicians and between the eurozone countries as well the bad blood between greece in germany runs deep greece largely blames germany for the tough measures they faced this in them cooled and in devastating economic spiral and their journeys rhetoric may suffer in recently weeks of nights and forgiven not forgotten their trail at the start of the year in crisis the bad ones of the bunch. government with the politicians stealing to the people the people are suffering only cards. all the. labor and. for the working people to flourish chung says the greek population looking increasingly isolated from the east

before with friends like that on the mainstream media who needs enemies angela merkel doesn't need to do anything she has us mainstream media pundits on her side that's absurd what we were on earlier is the way that the media in the us that we watch portrays the situation in greece first cover i don't even think that that. would want that i mean just a complete idiot like you're an idiot joe you're a complete retard sorry i mean what are you doing we're talking about i mean how do you go out and say things like that about a tire nation of people and set me just it's ridiculous but anyway beside the point . yeah we were talking about how the media misrepresents misunderstands greece entirely and i think that they like to take the put greece inside like a larger european union and say greece's problems are about austerity and it's something that we can relate to with other countries in europe but it's not i mean greece is its own country with its own unique history its own problems and in fact austerity which is really just you know the cut the deficit is really just something that spar

when they meet chancellor angela merkel, it will not be an open door. am sure it will be very polite and a lot of listening. there is no sign of much movement from the german government. >> i do not suppose it helped angela merkel when we look at the employment figures coming out today. not comfortable. >> no, because the argument becomes very, very real if your own economy is slowing down. the figures from germany showed the rate of unemployment remaining the same but the actual number going up a little bit. the movement is in the wrong direction. maybe the economy needs a bit of stimulus. >> thanks very much. a former serbian army chief is appealing his conviction of crimes against humanity and war crimes. it was chief of staff and the yugoslav army and was found guilty of aiding and abetting the shelling of sarajevo. chief of staff, pretty near the top of the trees in many respects. what is his argument? >> right at the top, he was the chief of staff in the yugoslav army and was found guilty of aiding and abetting those on the ground carrying out the

they have to satisfy merkel and the e.u. and the european central bank and the international monetary fund that they're going to continue to make the severe cuts in spending that those bodies think are necessary. as for the families like the one that we saw-- and there are millions of them-- their concern is that this is perpetual increasing misery, which is why they're so angry. >> pelley: a story that has years to go. mark, thanks very much. today jerry sandusky faced his victims as he was sentenced. and a record sky dive is put on hold when the "cbs evening news" continues. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. tomato, obviously. haha. there's more than that though, there's a kick to it. there's a pop. wahlalalalallala! pepper, but not pepper, i'm getting like, pep-pe

greek attempts to ban protester in merkel's visit. were unsuccessful and more than twenty five thousand people still turned out to demonstrate merkel attempted to express solidarity with the greek people acknowledging that it's been a very difficult phase but part of the journey has already been accomplished she was met with signs that read merkel we are free nation and not your colony to german policy makers like merkel who are shoving austerity down the throats of the greek people it might all just seem like numbers on a spreadsheet to the greeks it's life and death according to some estimates as many as three thousand five hundred greeks have committed suicide because of financial hardship since this economic crisis began austerity is not a bloodless game and republicans here in the united states need to learn that lesson as well that there's another creep danger creeping out of austerity that we all need to be aware. tough economic times make people desperate and in that despair they sometimes turn to liars hustlers and outright p

clashes have broken out in greece and tear gas fired of protesters angry at the visit of one girl a merkel there are reports police all making preventative arrests the german chancellor is seen as the paul behind the policy bringing hardship and tough will start to the greek people for it is in athens. protests that have been being closed off all the story itself in by the riot police briefing a number of people detained and of course the take out hanging heavy in the head this is all going on. flagler mirco this visit to a trade pay i mean you can see just how i am going to the people on the street thought about what's been going on anglo-american says that he came to show solidarity with know the solidarity that the people on the streets the feeling in fact all this visit has to do is highlight the huge divisions that remain head in the country and among members. in the country and it's. of course that's and that she hasn't been here since the euro crisis started it's been years and the anger has been go to this entire you've got to remember as well that the rhetoric from germany and the

tens of thousands of greeks rallied in central athens to protest against merkel's visit. about 7,000 police officers fanned out in the streets to control the demonstrators. >>> u.s. treasury secretary timothy geithner is visiting india before he jets to tokyo to attend the imf world bank meetings. he is welcoming efforts by indian leaders to reform their economy. geithner meant with the indian finance minister in new delhi. >> i think the reforms outlined by the government of india offer very promising paths to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with the economic reform policies. the prime minister has been trying to implement changes. one example is his push to open the retail sector to foreign supermarkets. plans to ease restrictions on foreign investment have sparked an angry reaction. one party has left the ruling coalition in protest. >>> now let's check on the markets. u.s. stock markets ended lower on tuesday as lingering uncertainties about the global economy led investors to sell

german chancellor angela merkel landing in athens just minutes ago. this is a live picture of what's happening on the tarmac in athens. >> is that her private plane? >> i would assume she's not flying commercial. if you don't, she wouldn't i wouldn't think. carolyn, what's the latest is this. >> yeah, she's just stepping off the plane as we speak. i'm just watching the output here. she should be stepping off the plane in the next couple seconds. but the reception here by the greek people certainly isn't a very friendly one and this is a very difficult trip for ms. merkel because for the better part of the last three he years, she's been a very, very popular hate figure for the greeks. they blame her for the seemingly unjust austerity measures and the hardship. but the message ms. merkel wants to send to the greek people today is one of solidarity and one of respect and support. she will tell them we want you to stay in the eurozone. of course that's only if you continue your reform efforts. for the seven short hours that ms. merkel will be in athens f

merkel arriving for her first visit in three years. it comes after another weekend of failed talks between the troica and greek government on cuts. speaking to german television over the weekend, germany's finance minister schaeuble insisted the chancellor's visit was into the sure sign that athens would receive aid. and here in the uk, lloyds banking group is in disagreement with the country's pnks watch dog over dividend payments to shareholders. claiming the bank is in favor of paying a dividend in 2014, although the paper reports that the financial services authority believes the bank should shore up capital to protect against the fallout of a eurozone breakup. and in other corporate news here, novartis ceo says the firm is keying to maintain its dividend and that big deals are unlikely. in an interview, he says mega takeovers were off the table, but medium sized m&a will continue in an effort to try to boost growth. he added currently effects and the strength of the swiss franc could also hit earnings by 3% to 4% in the fourth qua

we want to see greece succeed. >> the opposition in berlin urged merkel to talk about ways to ease the plight in greece and not just insist on more austerity. >> this is long overdue. i hope she uses this to talk to the greeks and not just about them. she needs to express sympathy with their economic sacrifices. >> tension is palpable in athens. thousands of police officers have been deployed to prevent an outbreak of violence. >> is that time of year again when the nobel prize are announced. it has been awarded to two pioneers of stem cell research. >> their work has revolutionized the understanding of how cells in organisms develop. adult cells can be reprogrammed to become stem cells. it can be then used to become any tissue type. but the announcement was made in stockholm. the nobel prize for medicine. the two discovered adult cells can be reprogrammed to become stem cells which can then be used to form any tissue type. the nobel assembly said the two men had revolutionized the way that sells and organisms grow and develop. the professor worked in kyoto where he added four genes to

the protesters who represent the opposition against the measures blame merkel for posing more draconian budget cuts in exchange for aid but if the media give us the full story and could we see this type of economic meltdown happening in the u.s. tell me break it down and more i'm joined by a beautiful lauren lyster from a couple of come right here in our to no one i want to. come on your show any time . i think i mean clued in i don't really understand the complexities of what's happening in greece and the media is kind of painting is all about austerity what is really having more of a deeper light on the complexities that are happening there absolutely so greece is in a depression it's got economy has been contracting for five years it has a complex set of problems that some stemmed from the eurozone and from imbalances in being in a currency peg with vastly different economies but what typically it's characterized as is the problem of us with austerity and we only really hear about it from the mainstream media when there are cocktails thrown or nazis signs neo nazis signs or signs tel

merkel in greece. the currency experts such as yourself expect spain to officially ask for a bailout? >> there is interesting developments taking place here, scott. the market is starting to think what merkel may be playing here is something a lot bigger, something that includes an extension of debt for greece, a bailout to cyprus and spain as one package. now, she would then take that and not get that done in october. she also needs to take the troica report, first. it is increasingly likely that october may be frustrating for the market and may be more likely november, and i think what we get as a result is perhaps a dip in the euro this month followed by a smart rally in november and the market might be surprised at the sheer strength of it. that theory is gaining a lot of power in the market now. >> the euro is certainly not if not resill yant over the last three, four weeks. if you want to make your best trade now would you stay away from euro dollar and look where else. >> i think there is more v

merkel went to athens were talking. this is her first visit there since greece's fiscal crisis sank in. she says she hopes the country will stay in the eurozone. she says greek leaders have made great strides. she's been demanding they introduce tough deficit cutting measures. greece's politicians hope they'll receive more than 30 billion euros in bailout. it is part of a package approved by eurozone countries, the central bank, and international monetary fund. tens of thousands of greeks gathered to protest against merkel's visit. about 7,000 police officers were out in the streets to control the demonstrators. >>> now let's take a look at the latest market figures. >>> the international energy agency predicts that iraq's oil production will more than double. the forecast was in a report released on tuesday. the report says that iraq will likely produce 6.1 million barrels of oil a day in 2020. rather that's by 2020. iraq has signed many contracts with international oil companies. the country has been making progress a

. >> the man due to challenge angela merkel in next year's german elections denies neglecting his dutiess a lawmaker by moonlighting. >> new york is closed for business in the aftermath of super storm sandy, which left at least 30 people dead. >> damages are likely to surpass those of last year's hurricane irene. sandy has move left much flooding in its wake, paralyzing new york's mass transit system and leaving millions in the dark -- sandy has left much flooding in its wake. >> here is more from america's most populous city. >> the storm has moved on, but the water remains. many of the city's road and subway tunnels are still flooded. public transport will be out of action for days to come. the effects of sandy can be seen on the streets -- residents are relieved that the worst is now behind them. >> well, last night, we could look down this street here, and we saw the river coming toward us. it actually look like something out of a movie. it was unbelievable. >> near central park, a crane dangles from a construction site over the street below. the storm caused it to partially collapse

tracy: german chancellor angela merkel visits athens.oing to be so critical for greece's future. let's look at today's winners and losers. green mountain coffee and seers all up today. we will be right back. tracy: earnings season picks up with out, let -- alcoa. >> these are not supposed to be good numbers and we heard from a couple companies indicated things might be as bad as they have been forecast by analysts. the one to look at a couple companies that have reported. edward life science, one small, one big. $10 billion company. the stock is taking a hit and it is down 13%. they are putting out disappointing earnings and medical devicemakers and life sciences. very interesting lead they pointed to lower sales and directly said they are heard by european austerity measures. and they are reported ahead about conlan after the bell things aren't great. stocks have been in and out of positive territory. it is up -- very pricey stock. analysts worry about buying at these levels. they expected revenues of $5.7 billion. people want to agree

: well, merkel and some of us are a half month away from here.istance but they are in safety here. and i do want to point out that the police, yes, they have put in this red zone, this no-go zone, but again the two major unions, the public and private sector unions already had rallies approved before this red zone was actually implemented. so they were able to come into the square, into this red zone and protest. and it will probably follow other protesters. so it is very hard to control who is actually being let into this red zone. simon? >> carolyn, thank you very much. stay safe. carolyn roth there live from athens. >>> i want to get more color on what's happening across the pond. joining us this morning, dan greenhouse, the chief global strategist and a cnbc contributor. and kevin corona is a portfolio manager. good morning to both of you. dan, simon is wriright, the pictures are alarming, but the story is more in spain and not in greece. the market is not moving terribly on those pictures. how important is it? how do you digest today? >> sim

the indebted greeks blame angela merkel for their pain. some salaries have fallen by 40%. unemployment at 55%. greece makes punishing budget cuts. still, germany is shouldering the bulk of the greece bail-out. they presented the visit as show of support and a sign that greece is still a player. >> the greek people are bleeding at the moment. but they're determined to stay at the euro and win the battle for competitiveness. >> chancellor merkel first visit to greece since the crisis began. problem of growth is still to be addressed. not just in greece or france, where angry auto workers plant due to shut clashed with police today but across the world. international monetary fund predicts growth will be less globally than previously thought this year, saying prospects deteriorated and risks increased. not just in europe, congress and the white house don't make cuts to avoid fiscal cliff, economists predict a double dip recession and soaring unemployment. >> they can call it a general feeling of uncertainty about the future. worry about the failure of the u.s. policy makers o

german chancellor angela merkel is paying a visit to athens.two of the largest unions there are calling for massive walkouts in the afternoon so workers can protest her visit. however, rallies will be banned today. emotions have been boiling over as greek citizens deal with layoffs, pension cuts and other austerity measures merkel and others in the e.u. are demanding. greece needs severe cuts in order to get another bailout to keep operating. stay tuned. as mentioned earlier, there have been more reports of friction at foxconn. foxconn is denying allegations of worker strikes following reports that thousands of employees struck friday. last week, the alleged strike stopped production on the latest iphone 5 for several hours. workers were said to be retaliating against harsh working conditions. foxconn denies the reports but did say there were "disputes" in some factories early last week. u.s. companies are being warned to avoid using some tech equipment from china. a house intellegence committee says two leading chinese tech firms pose a nation