he says that the public prosecution has told them they can't see moresy, because he is saying he is notilling to meet them. so the defense team says they don't think there can be a fair trial, and they think in the current climate in egypt, it is impossible to have a fair trial. >> there are all rights that the u.s. is cutting its military aid to egypt, what can you tell us about this? >> reporter: yes, that's right. initial reports saying that the u.s. is going to be cutting hundreds of millions of dollars. the largest recipient of u.s. military and economic aid is in egypt. we're now hering that the white house national security council is saying that that's not the case. it could be a percentage, but we won't know until the coming days. the reaction from the egyptian foreign minister is they have had no official word that there will be a cut. i wanted to stress, really that there -- >> we seem to have lost our phone contact with our correspondent in egypt who has always we do not name because of concerns about security. >>> inspectors in syria say they are making progress when it com

let me bring in university of maryland economist peter moresi., peter, how are you? >> i'm good. >> wall street seems to be pretty happy about janet yellen's nomination. what's the word there? >> among economists we look at this nomination the way the lawyers would the chief justice of the supreme court and we're generally pleased. i mean some of us are conservative and she is clearly a liberal. she's more inclined for easy money, others of us are not. you're going to get one or the another. this is who the president wants. she's a woman with impeccable credentials and outstanding accomplishments, which is what the position requires. >> democrats had been pushing yellen and that sort of changed the president's whole thinking about this when larry summers was clearly not going to be confirmed. some republicans like tennessee's bob corker are raising concerns about her saying that she has dovish on monetary policy. here he is. >> this ought to be an interesting hearing. i look forward to learning what her views are, but again i see nothing to chang