obama calls china's restrictive trade -- trade practices and says they are hurting u.s. ers and businesses. >> tough talk on trade by president obama. >> our competitors should be on notice -- you will not get away with skirting the rules. >> the president taking aim at china, announcing the u.s. has filed a complaint against them with the world trade organization for unfair trade practices. >> the key is to make sure that the playing field is level, and, frankly, sometimes it is not. >> at issue, rare earth minerals used to make flat screen tvs, camera lenses, hybrid vehicles, and much more. >> things like wind turbines, solar cells, smartphones, computers, almost any high- technology items now. >> china has a strong hold on the rare earth minerals, accounting for more than 90% of production. >> it is costing consumers when they buy these products and is costing us jobs because we cannot compete with companies in china. >> even with the president's absence, experts warned it could take time before businesses feel the impact or prices come down -- even with the president'

say. so we could see that happening, but for the short term period, my suspicion is that china will most likely prefer a bilateral approach. >> we hear comments coming from president obamaoughen its line towards pyongyang. do you think china is soft at the moment? >> i think china has its own interests at heart. so whatever it chooses to say for pyongyang will be based on what it purchase seefs as its own interests and he moment, i don't think we've reached the red line yet. so my suspicion is that china will continue to use its own bilateral means. at the same time, the question is to what extent then would china be prepared to witness some of these things, some of these tensions that are happening in the korean peninsula. >> and what can you tell us about north korean's nuclear ambitions? >> well, its intentions is a guess, but my sus pish should not is that it could be very much part of will whole leadership transition and for north koreans, that the military constitutes an integral part of its entire approach to engaging the world. so that is nuclear weapons represents a way in which it is able to project its authority and its stance. so that is something i think th

. >>> plus president obama says ch china is not playing fair. >>> and a cure for baldness, the promisingt this morning that none of the guests here need to be concerned about. from my playlist the killers "mr. bright side." be back in a moment. ♪ water, we take our showers with it. we make our coffee with it. but we rarely tap its true potential and just let it be itself. flowing freely into clean lakes, clear streams and along more fresh water coast line than any other state in the country. come realize water's true potential. dive in-to the waters of pure michigan. your trip begins at michigan.org. [ male announcer ] it was the kind of weekend that your friends are always going to remember... [ cellphone ringing ] and your neighbors... [ ringing continues ] ...would rather forget. [ ringing continues ] ♪ ♪ >>> yes, if that doesn't wake you up you shouldn't go to work today, stay home. christopher farley's play list the white stripes "fell in love with a girl." "the hunger games" whether it's a good call to take kids like abby's little sister to it. >> i'm loving this playlist. everyone

but what would you say because there is still an opportunity to meet after the vice president from china leaves. what would you say if you had an opportunity to meet with president obama? and shame on them both if they do not meet. shame on them both if they do not meet! you know that president reagan would have met with you and you know president clinton would have met with you. you know president bush would have met with you. you know president jimmy carter would have met with you. shame on them if they do. maybe they won't. this may be the only opportunity. what would both of the wives want to say if they were talking to president obama and vice president bush? [ speaking foreign language ] [ speaking foreign language ] >> translator: if i had an opportunity to meet president obama and vice president biden, i would say my husband, gao zhisheng is good people and he always did good deeds. what he had done in china is abide with the world and stand up for international standards. why in china he has to be persecu persecuted, why he has to be suffering for all kinds of torture. please help release him immediately. >> if i had an opportunity to talk to president obama,

claims restrictions are unfair and say china is hoarding valuable minerals and beijing ignored their request to end the practice. u.s. president barack obama criticized china for not playing by the rules. >> when it is necessary, i will take action if our workers and our businesses are being subjected to unfair practices. >> japan also accuses china of violating export rules. they say the export quotas and taxes are aimed at giving an advantage at domestic firms. officials say china broke the promises it made when joining the wto. the european union joined the chorus of criticism. it's demanding the immediate release of export restrictions. on tuesday, the chinese foreign ministry defended the country's rare earth policy. >> they said china has the responsibility to protect the environment and the country's natural resources. the chinese government controls both protection and export of rare earth minerals. it says it needs to prevent environmental damage from mining activities. but some believe beijing has another motive, promoting the transfer of foreign technology by attracting high-tech companies to china. nhk's correspondent in beijin

china. let me say as obama's tried to put together an asian strategy, with a more activist china in the region and one that harbors deep structural distrust about american long-term intentions, they fundamentally think that america is number one, china is number two. it is an article of faith at number one is going to try to prevent number two from ever becoming number one. that casts everything we do any kind of a suspicious light in their minds. he has worked very hard on building personal bridges with the leadership of china, trying to engage the chinese across the board. but i will say at the end of the day i think this trust over long-term intentions has grown the last few years. i think something that really much need more attention that has gotten today, create more tension on both sides are where potentially headed for very serious problems a decade from now. >> let's talk about the increasing emphasis on democracy that has occurred in the administration and i think it makes sense that is possibly responsible in terms of the arab spring. martin, i wonder if you'd like -- [inaudible] th

satisfactory levels then those countries could face sanctions of their own obama threatening to cut off the countries like i say china and india from the u.s. financial system now that could have potentially huge repercussions when it comes to business dealings and trade between those countries and could result in some quite serious financial disaster. kind of crude oil is causing a headache in other parts of the world as well just a little bit later on we report on three decades after the war britain is accused of reaffirming its military might near the falkland islands all in the name of god . so just after ten minutes past the hour here in moscow al qaeda says it's behind a series of bomb attacks that killed forty six and injured at least two hundred all across iraq eight cities were struck with blasts targeting police headquarters and security forces on tuesday the latest round it came a day after the ninth anniversary of the u.s. led invasion of iraq and just one week before the arab league summit is due to be held in baghdad the meeting is aimed at establishing iraq as an important political player in the regio

satisfactory levels then well those countries could face sanctions of their own obama threatening to cut off the countries like i say china and india from the u.s. financial system now that could have potentially huge repercussions when it comes to business dealings and trade between those countries encourages all to well some quite serious financial disaster. now the need for oil drives exploration in the most remote of places and fuels conflicts as well peru has canceled the shuttle visit by a british warship in a movie so it was a spirit of solidarity act with argentina when us ours has a long running dispute with london over the falklands islands in the atlantic as both countries claim the archipelago was theirs as r.t. as i've been at. first the prince. then the war ship all apparently routine but toward tina the message is clear when i go out that it's a regional and global issue because there are militarizing in the south atlantic one more time try as me me interpret it any other way they are sending a destroyer the word itself that is huge in modern along with the heir to the throne we would have liked to see him

obama. and from ken, who would romney prefer, a -- who would china prefer, a romney president or a second term obama? >> i'll say a brief word on pakistan, obviously very challenging. i think our afghanistan policy could fail probably because of pakistan's role. that because the politics in many kabul and the future of karzai are the key threat toss the mission, i think. in terms of the u.s./pakistan partnership, i give this administration reasonably decent grades for keeping on trying when nothing was working. and on afghanistan i think their messaging and their teamwork was relatively mediocre. by contrast, towards pakistan i think the strategic dialogue and a lot of the outreach was pretty good. mistakes we made on messaging in afghanistan affected pakistan policy, i believe, so i don't want to completely establish a distinction between the two. but i think this administration's been extremely mature and disciplined and realist on pakistan. we don't have any choice but to keep working the relationship. there have been things that have gone up and down along the way. bruce riedel has some good ideas on where w

who is the toughest china basher in all of america, peter, but romney says the first day he is in office he will label china a currency manipulator. now, that is something that obamaas not said, and i myself have a problem with that. that's not w.t.o. that's just an american assault on china. peter, what is your take on the rom my program? does he go too far? is obama the moderate here? >> oh, i think the trade saber rattling of calling somebody a currency manipulator on your first day in office feels to me like overreaching. the thing about the w.t.o. is it indicates that we have been thinking about these issues more carefully. rare earth says it was something -- we had our own capacity for a long time and decided not to do it. there are other issues that we have basically let china take. china makes 80% of the world's vitamin c. you know, weave had issues with tires. i agree with whom err said let's try and air brush the politics out of this and focus on it as an economic matter. our working together with xhooin in an embrace, in a tango is the way to solve our trade problems. >> larry -- >> yes, please, sir. >> the important thing about the trade both ways, rig

agency says it's not planning to release emergency crews stockpiles despite the price growth that you can see on your screen right there new all the obama administration wants ten nations including china and india to present specific plans of how they will cut down that iranian imports saying that paul's cuts aren't enough to win the an exclusion from new u.s. sanctions so that's oil based our going to have a look at the current see right now we do see that european markets are even slightly higher so it's no surprise that the euro dollar has a had a change of fortunes in the last hour or so it is trading higher now if we look at the ruble it's pretty much the same as when i was last on your screens it's losing against both the u.s. dollar and the euro this hour as we look at the russian markets for a minute or so we'll be able to see that things are looking up actually they're still grabbing those gains so far this morning they've been open for over two hours now and also falling for a six day capping the worst losing streak in seven months as all the metals declines manufacturing contract to europe and shyness that was a concern to be interesting to see if they too could hold on to

now china is trying to intervene, sending an envoy to broker a cease-fire. president obama says he still believes diplomacy can end the violence despite calls from senator john mccain to take military action. >> assad needs to know that he will not win. >> reporter: but many have stopped waiting for outside help. this woman says troops took her husband and slaughtered them like sheep. too terrified to try to escape, they are simply struggling to stay alive. >> the fighting is also getting more intense in the city. five government soldiers were killed there. >>> the deanwood metro station on the orange line is the most dangerous. a report that the station in northeast had 67 crimes classified as part one or serious crimes. that list includes assaults, burglaries, rapes and car thefts. number two on the most dangerous list, anacostia on the green line. that's followed by l 'enfant plaza, suitland and college park. when it comes to the most safe places, five stations had no reports of any crimes. on that list arlington cemetery, clarendon, eisenhower avenue, and farragut square. >>

china has 97% of global production and has been restricting exports for a couple of years. obama wants the wto involved to stabilize the market. he sayst's hurting production of everything from hybrid cars to your iphone. right now, there is so little material outside of china that that country has a lot of control here. interestingly, take a look at all the rare earth names up big today, molycorp is the only major player in the western world, that stock up 6%. and lynas is a big one in indonesia. the key takeaway here counters today's gains actually. if china loosens exports, rare earth prices would fall further, satisfying end-use demand like your iphone and your car. but it could be a net negative for producer names that you just saw. >> brian, thank you very much. >>> walmart in focus at this hour. the retail giant and hollywood's biggest studios announcing a new cloud-based movie service, a move aimed at saving the dvd business. but is it too late? julia boorstin in los angeles with a closer look. >> reporter: tyler, walmart and five of the six major studios are hoping to beat the odds and keep a dying cash cow alive. they're unv

obama sent the company of apple over to china. i'll put that aside just for right now and just say, you have to look at the history of the volt. ell before obama became president. the kind of tax subsidies we're talking about were put in place under the george bush administration back before the idea of green energy and clean energy became a political football that it is today. but i think that you have to look at a long campaign by rush limbaugh and others essentially smearing the volt and it's safety record. they were saying that this was a car that would be set on fire. now if you looked at the government when they did the test, they gave it a five out of five rating and it was no more likely to be caught on fire an any other car. i think, look, this is a product that is not a mainstreamed mass market product right now. it's on the edge, just like several years ago hybrid cars weren't a mainstream thing. now they're integrated in many cars and we see larger adaptations. the tax subsidy for those to get on the edge, some people have done that. maybe not as many as g.m. hoped but that's how these technologies develop, and over

got a bit of a hint behalf president obama may be saying to his chinese counter part from his press conference on sunday, where the american president says that china's approach to north korea so far wasn't working and urged him to get much tougher. >> of course, there's been much discussion on also the question of iran in recent months. is that likely to be also part of the discussion? >> that's something else we're told will be part of the discussion between the two presidents. china is obviously a member of the security council, has influence on what kind of sanctions may be applied to iran if it continued its tensions with the united states. but also, china is a major energy importer, and in previous situations, has sometimes decided its energy needs are a part of that decision that it needs to make. so i think that's going to be something else. the two presidents have a lot of differences about how they perceive iran's nuclear program in terms of whether they perceive it to be a threat or how much of a threat. they are pretty far apart on that issue. but on the issue of north korea, iran has already intimated that it is trying to get tougher wit

china have vetoed previous attempts. syria's president says his regime will not stop the fighting. yesterday president obama said assad will fall but the united states cannot take unilateral military action in syria. the u.n. estimates more than 7500 people have died in the year-long uprising. >>> the mine safety and health administration says its inspectors either missed problems or failed to properly inspect for them before the deadly 2010 explosion at a west virginia mine. yesterday the agency reviewed its internal review of inspections at the upper big branch mine. it announced failures of the agency field staff that concluded there was no evidence they caused the disaster. 29 miners died when a spark ignited methane gas in coal dust. two miner employees have either been charged or convicted in the disaster. >>> peyton manning may be released in a matter of hours. a news conference is scheduled for later today. manning is owed $28 million by friday. by releasing him, the colts don't have to write that check. the washington redskins, miami dolphins and seattle seahawks are all rumored as a possible new h

companies can build factories in china compared to the united states where regulation and unnecessary costs make it difficult for them . even steve jobs is saying to president obama make it easier to do business in the u.s.. >> it is an amazing thing coming from a guy who lived in a commune and walked around silicon valley bare foot. >> yes, exactly. and that message to obama is granted there are issues with the factories in china. we are all well away of them. they turned out to be bogus. it doesn't mean al of the issues are bogus. we can get the iphones and ipad. apple can go to the most efficient route for labor and create the devices in the cheapest way possible. that's why we have these devices. it is a testament that we allow companies to pull labor from all over the globe. >> apple has the huge cash hord e, 64 billion of that is outside of the united states. wouldn't it be better if the money was back here and all of the jobs they are creating overseas, they would be better to create it here. >> apple, i agree that the cost of doing business in the united states is way too high. before any business leader decides to invest in hiring people and factoris and

say. then the u.s. tax code is 70,000 pages long. do either president obama or mitt romney have good ideas for reforming it? nope. that's what a long-time republican says. i'll talk to him. also, china's growth is fueling a fair portion of the global economy. what happens if that growth slows down? we'll explore. first, here's my take. the controversy over the d desecration of copies of iran and the murder of americans that follow is at one level, one moment in a long complicated war. it also highlights the difficult and ultimately unsustainable aspect of america's afghan policy. president obama wants to draw down u.s. troops, but his strategy remains to transition power and authority to an afghan national army and police force as well as to the government in kabul which would run the country and its economy. this is a fantasy. we must recognize that and pursue a more realistic alternative. the united states tends to enter wars in developing countries with a simple idea, modernize the country and you will solve the national security problem. an articulation of that approach came from none other than newt gingrich during a 2010 speech. >> the fact that we have been in this country for

say. one of the main topics, iran and north korea. president obama has been pressuring china as well as russia to really stand with him on these two issues and of course the issue of north korea has been center here because we are in south korea. president obama urging north korea not to move forward with a planned rocket launch saying that would only further isolate north korea and would also basically derail a deal between the united states and north korea for food aid. chuck? >> all right. kristen welker traveling with the president in south korea. kristen, thanks. obviously going back to that medvedev moment. it's that word flexibility. what flexibility does the president want to have after the election? that's what a bunch of republicans who are obsessed with this one issue, there's a few of them out there on capitol hill, about missile defense. you're going to hear from a few of them over the next few days. more to come in this special edition right here. we're in the senate swamp. that's the nickname for this area between the capitol and the supreme court. >>> in a few

obama urged china the reign in north korea over it nuclear plan. seoul frays they might shoot it down. all the some question, the 71-year-old getting a new heart, doctors say he probably did not get special treatment. >>> pope benedict conducted a huge out door mass yesterday in mexico. today, he heads to cuba fer his first visit to the island. last night, the pope was given a chulaed system rare row by a field pillages. . after traveling to the deepest point on earth, the dreck terre v titanic used a specially designed submarine to film a dive of welcome 7 miles. >>> d dow opens at 13,808. the fells doc also gained four. taking a look at overseas trading this mesh morning, the hang seng was up a fraction. a little wlast ma hr tin swing back into the day this week? investors will also digest fresh data and personal income. ben will be closely watched for any clues about a round of quantity stative easening. the supreme court wears a challenge to the your former this week. best buy is expected to see a rise in quarterly properties. >> in moan time, the dwindling share of the smart phone market. >>> yahoo is appointing three more bed them behrs. third point

now, china is trying to intervene, sending an envoy to broker a cease-fire. president obama saysill believes diplomacy can end the violence, despite calls from senator john mccain to take military action. >> assad needs to know that he will not win. >> but many have stopped waiting for outside help. this woman says troops took our husbands and slaughtered them like sheep. too terrified to try to escape, they are simply struggling to stay alive. monica villa miczar, wjz eyewitness news. >> fighting is also getting more intense in the city of herock. that's where the upreadings began. activists say a 15-year-old boy and another were killed there today. >>> another incident of pepper spraying on the uc california davis. >> a judge has temporarily barred the university task force from releasing its finding today. that's the scene from november. but during a hearing today, a superior court judge issued a temporary restraining order, issued pie the police union. last november, police officers doused protestors with pepper spray. union eventual -- officials say they want the involved of

now china is trying to intervene, sending an envoy to broker a cease fire. president obama saysl believes diplomacy can end the violence, despite calls from senator john mccain to end the violence. >> they need to know they'll not win. >> reporter: many have stopped waiting for outside help. this woman says troops took our husbands and slaughtered them like sheep. too terrified to try to escape, they are simply struggling to stay alive. >> the fighting is also getting more intense in the city of buroque. a 15-year-old boy and five government soldiers were killed today. >>> emotions boil over in a massachusets courtroom during a hearing for a murder suspect. two members were wrestled to the floor after charging after santiago. the rest of the family was cleared from the courtroom and the arraignment went on as scheduled. >>> a new sport is causing a buzz around the world. it's called ultimate tack ball. players use stun guns on opponents. the first international tournament was held over the weekend. they say they produce only a twitching feeling and are not harmful. >> they're re

obama is -- is elected to a second term. in fact, i suppose on this sort of nixon goes to china principle you could say president obama elect romney would be in a better position to surprise some people, many of whom unpleasantly by committing himself to ctp ratification. in any event, that is a melancholy note that i feel should be struck at the end of this conversation before we go to an open discussion. >> let me first thank the panel for all the enthusiasm they shared with us today. and let me now open the floor to questions. can i ask if you could identify yourself and affiliation and put a short question forward. you should have a microphone coming up. >> i'm director of the foreign policy at brookings. i haven't been drinking this morning but i was served up by suzanne and bob analysis of the situation in iran that completely shared but raised the question, one to suzanne which is is there nothing that can be done on the negotiation front to head off what looks like an inevitable military confrontation? and to bob, since your judgment was that the only effective way of dealing with iran's nuclear weapons program is t

obama is putting china and america's other economic competitors on notice they won't get away with skirting the rules of international trade. he made the statement this morning in the rose garden. he says the u.s. is bringing a new trade case against china because of export restrictions on key materials used to manufacture high-tech goods. the u.s. is taking the case to the world trade organization with the european union in japan. >>> first lady obama will lead the official u.s. delegation to the opening ceremonies of the 2012 summer olympic games in london. it is somewhat of a tradition for first ladies. laura bush headed the delegation to the 2006 winter olympics in italy. hillary clinton did the honors at the 1994 winter olympics in norway >>> jaycee dugard the kidnapped victim rescued after 18 years tells die and sawyer she doesn't always -- tells die and sawyer she doesn't always intend to live in hiding. this week she spoke exclusively with diane in new york city after being recognized at an award to honor rain women. >> you felt more anger? >> i am angry for what they did, -- what they took away. on the other hand i have two beautiful daughters that i can never be sorry about.

reports surfacing that obama could impose penalties on india as early as june twenty eighth many analysts here in india are saying that sanctions simply won't work if india and china don't get on board the united states is actually trying to pressure india to start view thing of the oil. and iraq which obviously are two major allies the washington has an interest in india buying oil from those countries instead. thousands of illegal immigrants who come to britain in search of a better life their dreams of a good job and money instead of becoming a nightmare many pay big bucks to traffickers to make the journey but ends up in destitution bennett has met someone living on the streets and find themselves stranded with no means of returning home. it looks like nothing more than a dumping ground the school or plain to see how it is sports are the signs of life this is what forty illegal immigrants called. to a bridge. it's penniless and without sanitation the place is in face did with drugs disease and this to chew should many risk their entire families fortune to. gets here dreaming of the riches that await instead they found a nightmare they've covered they are looki

reports surfacing that obama could impose penalties on india as early as june twenty eighth many analysts here in india are saying that sanctions simply won't work in india and china don't get on board the united states is actually trying to pressure india to start using oil from saudi arabia and iraq which obviously are two major allies the washington has an interest in india of buying oil from those countries instead. still for more analysis on this let's talk to dr. professor and was dean of the school of international affairs. at the moment. let's see can you hear me. greatly that connection. india has to reduce its crude oil purchases from iran or face penalties from the u.s. but why is it that new delhi to comply with an american law in the first place. well it doesn't have to a god i don't think he is going to give in to any kind of pressure from united states on this issue and i think americans understand this too i mean they would be people in congress you know in an election year who want to ramp up the pressure on behalf of israel against iran but you know i think the obama administration the state department the executive side will think differently fr

reports surfacing that obama could impose penalties on india as early as june twenty eighth many analysts here in india are saying that same should simply won't work if india and china don't get on board the united states is actually trying to pressure india to start using oh oil. and iraq which obviously are two major allies that washington has an interest in india buying oil from those countries instead president obama has warned that the window for talks to solve the dispute over iran's nuclear plants striking and you around the international negotiations over nuclear ambitions is scheduled but while the u.s. and its allies are ramping up the pressure a veteran u.s. a statesman is adamant the military confrontation must be avoided. if there was a war they said no and he said but it wouldn't be alone the international community is not going to be joining that and this i think makes it all the more important that president obama persist and of course in which i think he has embark which is to try to dissuade me. from doing anything you know i truly and to give what has been described as give peace a chance serious negotiations with iran but then what are serious ne

reports surfacing that obama could impose penalties on india as early as june twenty eighth many analysts here in india are saying that same should simply won't work if india and china don't get on board the united states is actually trying to pressure india to start using oil via radio or rock which obviously are two major allies the washington has an interest in india buying oil from those countries instead. for more analysis on this let's talk to siddharth her manner of the institute of peace and conflict studies who's in new delhi said her thank you for being with us how can the u.s. force another country like india to comply with american laws limiting payments for iranian oil. well thank you for having me on the program will the united states a decision or to speculation about such a decision shows and movies be repeated looks at indian foreign policy. and not force india to bring its oil imports because india's aleutian ship record on is far beyond just oil it involves a solution ship as a bridge to central asia which is another group oil reserve and also for strategic reasons in afghanistan as a conduit through pakistan as well so it's actually addresses ind

obama is putting china and america's other economic competitors on notice they won't get away with skirting the rules of international trade. he made the statement this morning in the rose garden. he sayshe u.s. is bringing a new case against china because of export restrictions on key materials used to manufacture high-tech goods. the u.s. is taking the case to the world trade organization with the european union in japan. >>> first lady obama will lead the official u.s. delegation to the opening ceremonies of the 2012 summer olympic games in london. it is somewhat of a tradition for first ladies. laura bush headed the delegation to the 2006 winter olympics in italy. hillary clinton did the honors at the 1994 winter olympics in norway >>> jaycee dugard the kidnapped victim rescued after 18 years tells die and sawyer she doesn't always -- tells die and sawyer she doesn't always intend to live in hiding. this week she spoke exclusively with diane in new york city after being recognized at an award to honor rain women. >> you felt more anger? >> i am angry for what they did, -- what they took away. on the other hand i have two beautiful daughters that i can never be sorry about. >> you c

obama was overheard telling russian's president medvedev that election politics are stopping the talks over disputes over missile defense. the china post-reports moves about private aviation in the country. the fcmp sayshe number of private jets being flown in the mainland nearly doubled in the last year and demand is still growing. that's a quick look at the headlines in the world. >> this is "newsday" on the bbc. >> the headlines for you this hour. washington has warned syrian's president that he'll be judged by his actions, not words. assad accepted a u.n.-sponsored peace plan. >> an independent report into last year's riots in england has blamed poor parenting, low economic achievement and materialism. earlier this month one of china's top leaders was sacked in what is the country's biggest political scandal in years. he had been seen as the candidate for a top position within the communist party when it begins its leadership change this autumn. but the scandal took a new twist after the u.k. asked china to investigate the mysterious death of a british businessman with ties to an ousted chinese politician. martin has more. >> it is known for its fog. it's a sprawling city where much is obscured fr

energy agency says he's not planning to see crude stockpiles despite the price growth you can see there on your screen meanwhile the obama administration wants ten nations including chinand india to present specific plans of how they will cut down that iranian imports in the past cards aren't enough to win the exclusions from the u.s. sanctions so that prizes are for this hour russia is going to apparently return to the so-called. this is the practice of saving oil revenue now that went for crude cash will be stored in special stability for something that was abandoned during the crisis presidential economic aide of how the talk of it says a decision yet needs a formal approval by by the government so that certainly an interesting month. ok that's all it is back into the markets and have a look at europe because they have got modest gains this hour actually they're still having a weekly loss of more than two percent growth and investors in that region are awaiting us home sales but as you can see that output see around a third of a percent up to half a percent at this hour moving on to have a look at the current says that the euro dollar is still marginally higher actu

reports surfacing that obama could impose penalties on india as early as june twenty eighth many analysts here in india are saying that things should simply won't work in india and china don't get on board the united states is actually trying to pressure india to start using a loyal. and a rock which obviously are two major allies the washington has an interest in india of buying oil from those countries instead. of related news or who's staying with the organization which runs the system for transferring money internationally is cutting ties with the rainy and bones which is subject to you so james overcome these nuclear ambitions the a swift system is announced the band which is good now making travel transactions impossible to have from the affected institutions is give more details on what will chip. up ahead on our team tonight the land of blacksmiths in a few minutes we travel to the ules region in central russia to see how the ancient crafts of the forge is still very much alive. but first thousands of illegal immigrants who come to britain in search of a better life are found the dreams of a good job and money instead becoming a nightmare when he paid big buck

say obama does have at least a modest, modest economy going for him. >> he well, it's not down. i agree with dan that it's pretty anemic and when you factor in the global growth outlook and china is slowing down and brazil is slowing down and bad news out of europe. i think that he has a problem on his hand and also, the fed had its food on the abbing celebrasel accelerator. and in an environment of good policy, should have done more to get the economy growing. 2%, 2.5% outlook for the year, that's pretty week and when energy prices, i'm afraid, when gasoline prices start to eat into household budget and discretionary spending as the year goes on, i think that's going to be digging into, you know, the broader economy. >> look, i'm describing this as a modest recovery. i follow the economy for a living. what i see is the worst recovery from a significant recession of any since the end of the great depression and i'm calling this modest at best. i'm going to have to agree with you, dan. it's not modest, not a good recovery. >> let's say the worst in the post war period after a recession. the wall street journal had an interesting story, asking why there has not been more big merger

with china and russia russia is particularly unhappy with the already existing plans for missile shield in europe the united states knows about it and just on monday. president obama was overheard saying to the russian president that there is still may be room for dialogue and a solution may be coming in. so what reaction the reaction of iraq obama's comments received in the u.s. to this what actually happened. well the remark wasn't planned to be heard by the reporters president obama said it's just when they were entering the room the mike was on and somebody seems to have leaked the tape along with the sound to the american media and it just spurred a media frenzy in the united states and in europe at this point of course it's not just a media frenzy it's a political frenzy some of obama's focus on the obama's opponents in the republican camp already saying that he's a traitor in fact mitt romney said in regards to this statement that russia is a united states geopolitical foe number one and there has been reaction from the white house at this point who say that of course russia isn't and the united states will continue trying to get along the course of good relations with moscow.

obama's watch and urging, but not enough. but if you look at the overall policy towards china, it has been one that has been very tough. it has been one that is essentially saying to them that as you are -- as you are playing a big role in the global economy, you have to play by the rules and that we are willing to use the rule based structure of the wto to enforce that. >> let's go over here, please. >> is this on? >> yes, it. >> i have to tell you, i think you've done a brilliant story of telling what i call the obama story. but i don't think -- occasionally obama does it, but i would say most of us have no idea what an extraordinary job he's done because somehow you're not getting the story out. i felt this from the -- >> can you please move to a question. >> i want to ask why they haven't been more aggressive about getting the story out, because it's been so good. >> well, we're going to put you on the road. [ laughter ] look, you know, i'm going to give a serious answer, which is i think that, you know, any white house lays out, tries to show the count try you're focusing on a specific thing, one at a time, getting that done, making sure everybody understa

president obama is expected to call on china to persuade him to scrap the launch which many fear is a disguised missile test professor joseph chang a political analyst from hong kong city university says this will change the situation i guess p.g. will exert some pressure on but there is a limit to the use of such pressures because good basic reason is that understands that the united states does not have the military option. understand solve career and are not in support of the american military option and russia and china are strongly opposed to the use of force against therefore pun young fields but it seems to continue is nuclear brinkmanship you also bet that the american government is already over extended his commitments and liston be trouble in syria and iran and so on and during an election year you know united states. obama administration will not be able to. to use military pressure to block military means to exert pressure on. israel and middle east expert a chance when some write from cambridge university says that by pursuing the satellite launch north korea's new leader is allowed to assert their grip on power . i think it's probably also really an issue about domestic

obama's watch and urging, but not enough. but i think if you look at our overall policy toward china, it has been one that has been very tough. it has been one that is essentially saying to them that as you are -- as you are playing a bigger role in the global economy, you have to play by the rules and that we are willing to use the rule-based structure of the wto to enforce that.