mr. pope? >> we absolutely have no objection to that, and support that process. >> okay. >> senator, i would totally support that. it's one of the weaknesses. >> one of the weaknesses is in that it's not -- you don't expect they will decide to include usda in the process? >> as you know, they are not incomed now. the hope is they become a permanent member and maybe some of the other agencies as well. >> especially if it's a food safety issue? >> right, uh-huh. >> mr. pope, we know this is a good deal for shareholders. we know -- the long term benefits for workers and farmers, and i heard what you said to the question, but the long term benefits for workers and farmer and american consumers, to me, are not so clear, but let me ask you something. financially, what's at stake for you, personally, and for top management in the deal? >> we're on record publicly, and there's a public in the preliminary posture, filing charges, me personally and the senior management team, and so we certainly stand t

for mr. pope and commissioner slane, do you think usda should be involved in the cfius review of this proposed deal? mr. popesome. -- mr. pope? >> we have absolutely no objection to that and support that process. >> okay. mr. slane? >> senator, i would totally support that. it's one of the weaknesses of cfius. >> one of the weaknesses is that in that you don't expect that cfius will decide to include usda in the process? >> as you know, they're not included now, so my hope is they become a permanent member of cfius and maybe some of the other agencies as well. >> especially if it's a food safety issue. >> right. >> mr. pope, we know this is a good deal for shareholders. we know, the long-term benefits for workers and farmers, and i heard what you said to senator cochran's question, but the long-term benefits for workers and farmers and american consumers, to me, are not so clear. but let me ask you something. financially, what's at stake for you personally and for top management? smithfield? in th

mr. pope has served as president and chief executive officer of the company be since 2006. he previously served as president and chief operating officer from 2001-2006 and vice president and chief financial officer from 2000-2001. from pope's over 30-year career at the company spans a variety of senior management roles and responsibilities which provide an in-depth knowledge of the company and broad experience in operational finance accounting and risk management matters. so we welcome you today. our second witness on the panel is dr. matthew slaughter, associate dean for faculty at tuck school of was at dartmouth college. dr. slaughter joined the faculty in 1994 focusing his research on the economics and politics of globalization. from 2005 to 2007, dr. slaughter served as a member of the council of economic advisers for president bush. recently, dr. slaughter has focused on the global operations of multi-national firms and on labor market impacts of international trade and investment. we wel

mr. pope explained, post acquisition, they plan to operate largely as it does today with all key leaders and management teams remain in place, all collective bar-- bargaining agreements in place, and no plants or facilities will be closed. there's nothing unusual about the transaction. what about the risks of the state owned enterprises? they are prominent in china, they are not one, and, n., stake holders in fact goldman sachs. what about risks to smithfield's intellectual property? ip theft in china is the gravest threat to the economic system and to innovative u.s. companies and workers at home. in this condition text, it's important to see the smithfield transaction offers exict -- exhibit a of the solution. an american company paid by a chinese company millions of dollars for ideas in a transparent market-based deal. indeed, they seek to employee expertise, product, and brand in china largely through boosting exports to china to better meet surging pork demand due to growth in chinese inc

we will start with mr. popeif this transaction would happen in the rivers which i allowed smithfield to buy shuanghui? >> i am not sure. i am not an expert of reverse mergers into china so i would yield to mothers but i do know there are other acquisitions i could not answer the question. >> when you deny that we talked originally about buying a portion of their company in they would buy a portion of your ears. what happened? >> we had a discussion five years ago about shuanghui buying 20 percent of smithfield and vice versa but that did not occur. i don't remember any involvement of the chinese government approving or disapproving i am not sure there we even aware of the conversation so i don't think it was a regulatory barrier but more business issues. area had conversations even since then. >> thank you. could that happen in reverse? >> i don't know. i know as amazing growth and has been getting at of the business to run a business but they had a complete command-and-control economy for decades which is a wor

mr. putin would prefer he move on. >>> the pope made a visit to the largest shrine. earlier this week there was a small explosive device found during a security sweep. >> the pope is the first latin american pope to come there. take a look at the excited atmosphere surrounding the pope's week long visit but also the security problems that have cropped up. >> reporter: dancing and jumping with joy. a party to welcome some of the hundreds of thousands of pilgrims flocking to rio, for youth day and pope francis historic visit. his first international trip as pope. here the city itself greets everyone with open arms and many have opened their homes. maria is putting up four pilgrims in her small house. when the priest asked me to do it, i felt as if god was telling me to open my doors. children at the local church rehearse. police patrol the streets. part of a massive security operation with more than 30,000 troops and police. at a control center in the heart of rio, every location the pope will visit is closely watched. anti-government marches that started weeks ago are

mr. blitzer. >>> happening now, an extraordinary news conference. popefrancis making some remarkable comments about gays and women. we're talking about a reporter who was on the plane. also, hillary clinton pay as social visit to the white house. that's not the only special access she's getting to the president. plus, some kind of stomach bug is out there across the united states and spreading quickly. stand by for what you need to know about this mystery illness. i'm wolf blitzer. you're in the situation room. >>> we begin with today's truly unbelievable moment for the papacy and cli

mr. guroden was -- snowden was on the plane earlier in week when it was denied european access. to be his predecessors declared saints by pope francis. the vatican recently credited john paul ii with the performance of a miracle, a development that clears his path to sainthood. the syrian rebel fighter who provoked outrage and horror when pictures emerged of him eating body parts of a boston soldier has told the bbc he had to do it so terrify and humiliate his enis -- enemies. he's the leader of a group of swivelians who stand accused of killing. a warning, this report contains very disturbing images and content. >> sierra has been a brutal and brutalizing conflict. the rebels have been fighting like this for two years. desperate, often one-sided battle. one of the very first men to take up arms has earned a terrible notoriety. abu sakar is known as the cannibal rebel. not a far fetchled claim. he stands over a fallen enemy slicing into the body. we will eat your hearts and your livers, he declares. ritual bite. a this was a depraveled act against men's law, against god's law. are you sorry that you did it? i didn't want to

mr. blitzer. >>> happening now, an extraordinary news conference. pope francis making some remarkable comments about gays and women. we're talking about a reporter who was on the plane. also, hillary clinton pay as social visit to the white house. that's not the only special access she's getting to the president. plus, some kind of stomach bug is out there across the united states and spreading quickly. stand by for what you need to know about this mystery illness. i'm wolf blitzer. you're in the situation room. >>> we begin with today's truly unbelievable moment for the papacy and catholic church. during today's plane ride back from brazil, pope francis met with reporters for a long, unscripted and very, very canned it news conference. the pope's remark about gay, huge news out there. let's go to matthew chance. he's in london. he's got all the details. matthew, tell our viewers what happened. >> reporter: wolf, thanks very much. remember that pope francis has only been in office for less than five months and he's really working hard to bolster this per

mr. putin would have to swallow pretty carefully. one could see men headed for central or latin america and any not in the u.s. maybe there is some guile here that could be put to work. >> pope francis has given his first mass outside of italy as pontiff today. the pope held a massive. he warned against the dangers of what he called passing titles such as money and power. police in india state have arrested the head teacher of a school where 23 students died after eating food contaminated with insecticide. there have been widespread protests in the aftermath. hundreds of thousands of teachers have pulled out of the government free meal plan and children across india have been refusing school meals. like so smithkline has admitted that the bribery scandal surrounding its operations in china will have some impact on its performance. it is alleged that some paid out hundreds of millions of dollars to doctors and health officials to try to boost sales and prices. the swat valley in pakistan has gained widespread attention for its lack of women's rights. it was there that malala was shot in the head of the taliban. most disputes are settled by a meeting of local elders. until now

mr. mandela was hospitalized with a lung infection but his condition is, quote, steadily improving. poperancis has an opera for is seven million twitter followers. if they cannot travel to brazil to join him for world use the day, the process will grant indulgences for purgatory. if they follow the events through his twitter feet. now back to lori rothman. lori: at let's get a break. and chuckling at that one. treasury yields are higher here on positive economic data on three street days and the head of global reddick strategy says u.s. volumes will stay flat and will rise, so let's start your terms and there was an option treasury that scream out strong and pushing rates higher. >> it was a tough time selling his of relief for better performance. and most investors have not been worried about inflation. if they are not worried about inflation don't want to buy inflation when securities so the lack of interest has dissipated so you see a better demand for tips over the last couple days but it has been a roller coaster ride so much of time for the market. lori: is about market balance, no

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pope francis during his dramatic visit. >>> and up next, president obama said yesterday something that's raising lot of eyebrows about ho chi minh and why mrs remarks are really up setting some vietnam vets. >> we discussed the fact that ho chi minh was actually inspired by the u.s. declaration of independence and constitution and the words of thomas jefferson. so then the little tiny chipmunks go all the way up... ♪ [ female announcer ] when your swapportunity comes, take it. ♪ what? what? what? [ female announcer ] yoplait. it is so good. ( bell rings ) they remwish i saw mine of my granmore often, what? but they live so far away. i've been thinking about moving in with my daughter and her family. it's been pretty tough since jack passed away. it's a good thing you had life insurance through the colonial penn program. you're right. it was affordable, and we were guaranteed acceptance. guaranteed acceptance? it means you can't be turned down because of your health. you don't have to take a physical or answer any health questions. they don't care about your aches and pains. well, how do you know? did you speak to alex trebek? because i hav

mr. bush and his wife barbara lost their second child, four-year-old robin, to leukemia almost sixty years ago. we'll be back with more and 80 look at the popeuth america. >> san francisco is poised to make it even easier for people to connect to the internet. kron 4 dan kerman reports. a private-public partnership with funding from google will allow the city to put wi-fi in 31 parks and plazas across the city. >> there are many things that we can do now. >> by spring of next year that will change. and >> we are seeing a new project in san francisco to bring this to 31 different parks and plazas across the city. >> in a news conference in bobble part he announced that this will give peop balboad the information. this will also make a significant step to bridging the gap between the cities. >> google was served the installation through two years. he is hoping that this will expend. >> this will be a continued effort to innovate, innovate, and >> mothers who watch over their children are looking for to this. i am looking for to coming here with our children and we can be together more easily. >> when i was job hunting, i could have easily used