also coming up don't use the r word germany releases statistics showing its economy contracted in the 2nd quarter but chancellor merkel says it is too soon to worry about a recession. also coming up a woman makes soccer history she will take charge of a major men's mountain european competition for the 1st time tonight to see if any of the past eps of 2 or 3 to referee liverpool look at chelsea in the super cup. i'm sumi so much kind of thank you for joining us flights are taking off again at hong kong international airport after 2 days of protests forced a shutdown airport authorities have now introduced new security measures to limit access of police have also made 5 arrests and protesters in turn have to shoot distributed. signs and posted tweets in which they apologize for the violence saying they remain scared of authorities china's hong kong affairs office has condemned yesterday's violence calling it terrorist like here's a look at how things unfolded. on the 2nd day of the shutdown and the anger is palpable. clashes everywhere. the protestors pen a policeman into a corner take

please don't use the r word germany releases statistics showing its economy contracted in the 2nd quarter but chancellor merkel says it's too soon to worry about a recession. radiation levels spike in a russian town after an accident of a nearby weapons testing range authorities canceled an evacuation order and downplayed the danger is it a cover up. also giving up the woman makes soccer history she will take charge of a major men's match in european competition for the 1st time tonight stephanie from power steps up to referee liverpool against chelsea in the super cup. hello i'm terry martin good to have you with us flights have resumed at hong. kong international airport after 2 days of protests forced to shut down in a bid to avoid more disruption the airport authority has obtained a temporary injunction banning protesters from certain areas china's hong kong affairs office has condemned what it calls near terrorist acts the mass demonstrations have escalated into outbursts of violence as activists clashed with police here's a look at how things unfolded. was the 2nd day of the shutdow

one percent in the 2nd quarter the r. word is now doing the rounds recession many fear the export oriented german economy is being dragged down by the on the doing to us china trade war right now beijing is sending mixed signals it says it remains open to negotiations with the u.s. on the other hand the chinese have threatened to retaliate if washington goes ahead with its plans to terrify eggs on september 1st. and let's go now to our financial correspondent in new york jose luis jose i think we've been talking about wall street ups and downs this whole week if not this whole month today the numbers are up is it fair to say however that the overwhelming feeling is still one of an ease . totally is stephen and that is not going away anytime soon since and nothing has have fundamentally changed in terms of downside risk to us and consumers brought some calm to investors as they kept us spending in full force small retail sales as you mentioned increase that 7 tenths of a percent in july so far implies. bringing in consumption d

like acts this is tough talk signaled a crackdown is coming also on the program please don't use the r word germany releases statistics showing its economy contracted in the 2nd quarter but yes.

don't use the r word just yes for the 1st time in nearly 10 years germany's economy contracts is the golden decade of growth coming to an end for europe's economic problems. fungus wipes out the. experts say 95 percent of the world's banana production could be at risk. this is business. as well come the latest figures published by china show from its factories is growing albeit at its slowest rate for 17 years the impact of the trade war with the u.s. is taking its toll at home thought a white house decision to delay some toes the u.s. plan to slap on chinese products because of least some hope that tensions truth easing. the delayed tariffs if they'd hit in september would have been no laughing matter for ordinary americans for the 1st time they would have affected consumer products including toys clothing and electronics that's why president trump says he's perspiring them for festive reasons explaining to reporters that the tariffs would have had too much effect on people's christmases. the president also says the decision follows constructive phone calls with the chinese beijing'

don't use the r word just yes for the 1st time in nearly 10 years germany's economy contracts is the golden decade of growth coming to an end for europe's economic problems. fungus wipes out the. experts say 95 percent of the world's banana production could be at risk. this is business. as well come the latest figures published by china show output from its factories is growing albeit its slowest rate for 17 years the impact of the trade war with the u.s. is taking its toll at home bought a white house decision to delay some to the u.s. plan to slap on chinese products because of least some hope that tensions could be easing. the delayed tariffs if they'd hit in september would have been no laughing matter for ordinary americans for the 1st time they would have affected consumer products including closing tronics that's why president trump says he's perspiring them for festive reasons explaining to reporters that the tariffs would have had too much effect on people's christmases. the president also says the decision follows can.

strong slamming demonstrators for what it calls terrorists like apts also coming up don't use the r word germany really says to to sticks showing its economy contracted in the 2nd quarter but chancellor merkel says it is too soon to worry about a recession. also coming up a woman makes.

don't use the r word germany really says to to stick showing its economy contracted in the 2nd quarter chancellor merkel says it's too soon.

be aware of the r word germany reserves statistics showing its economy contracted in the 2nd quarter but chancellor come back and says it's too soon to worry about a recession also coming up the united states postpones tariffs on chinese goods as beijing releases new figures show the economy still booming. i'm chris colfer welcome to the program europe's biggest economy is running out of steam and fears of a recession are growing germany's gross domestic product contracted 0 point one percent in the 2nd quarter according to fresh government figures that follows a slide expansion of 0.4 percent in the 1st quarter the figures increase are likely to increase the calls for an economic stimulus package something german chancellor angela merkel is so far opposing. of all sectors it's the hitherto invincible industrial sector that's begun to drag on germany's economy for years it's been the driving force behind the recovery but no longer german industrial production in june 29000 was 5 point 2 percent down on june last year that's the largest reversal since the global financial crisis and r

it is just the new "r" word. what about what you've been telling us for the last two years?up fusion gps, they accuse you of peddling a conspiracy theory. now, they are just pretending that it never happened. it's extraordinary. >> tucker: that is such a good point. if you took cnn at face value, literally. then we had a russian operation had hacked our democracy. how could they not be interested in that? how could they not follow up? i'm confused. >> extraordinary. there's not a lot of self-analysis going on. they've been humiliated by their own fraudulent reporting for a couple of years. maybe they just don't want to draw attention to it. maybe we just don't want to bring that up, because it kind of makes us look bad. certainly the candidates don't want to talk about russian collusion. they don't want to talk about mueller's testimony. cnn would, of course, look stupid, which is why they brought don out. >> tucker: it does seem different under jeff. it does seem more political, dumber. the ratings are bad. >> they insist they are making more money than ever. they have some

like acts this is tough talk signaled a crackdown is coming also on the program please don't use the r word germany releases statistics showing its economy contracted in the 2nd quarter but chancellor merkel says it's too soon to worry about a recession. also coming up a woman makes soccer history she will take charge of a major men's match in european competition for the 1st time tonight $75.00 steps up to referee liverpool against chelsea in the super cup. hello i'm terry martin welcome to the program flights have resumed at hong kong international airport after 2 days of protests forced a shutdown in a bid to avoid more disruption in the airport authority has obtained a temporary injunction banning protesters from certain areas protesters in turn distributed signs and posted tweets in which they apologized for the bottom saying they remain scared of authorities. china's hong kong affairs office has condemned yesterday's violence as vests clashed with police here's a look at hell things unfolded was the 2nd day of the shutdown and the anger is palpable was clashes everywhere i was protest

we are of the r word germany releases a statistic showing its economy contracted in the 2nd quarter transamerica says it's too soon to worry about a recession also coming up the united states postponed serious on chinese goods as beijing releases new figures show the economy is still booming and trafficking of exotic birds is big business we'll show you how the stories in colombia are not cracking down on the trade directly linked to fill the same. time 1st global welcome to the program europe's biggest economy is running out of steam germany's latest growth figures fuel from service that the country could be on its way to a recession the economy contracted 0 point one percent in the recent quarter this after posting lackluster growth in the 1st 3 months of the year and not the end of last year slump has been attribute to a fall in sales of machine parts and cars to china uncertainty of bread and a difficult global trade environment should be found in the contract to give an exporter germany would officially be in a recession. of all sectors it's the hitherto invincible industrial sector that's

we don't want to talk about that r-word because the r-word, the recession word, is not a great -- ashley how much of that extra cost is going to be passed on to the consumer, or are you going to try and absorb it? >> we're all going to try and work around it, but at a certain point, ashley, you have to pass it on. and think about this, all these goods are pre-ticketed, so they're going to come in at one price, and you're going to probably have to sell them at that price and leaves no margin for the retailers. we're in a really tough situation. you know, the other day the president talked about enacting ieepa is and, you know, telling us to leave china. fine. you know, tariffs tell us to leave china. we get the message. but you know how long an exit would take? you're talking about maybe four or five years to get out. in the interim are, what's that going to do to the economy? so we're begging them, please, please, don't hit us for the holiday season. you know, there was all this talk about the phone call that -- phone call doesn't matter, who cares about the phone call? let's find out wh

where we will find out how they will use what they have left in their tank and throwing around the "r" word>> let's talk about some european corporate news. carlsberg posted a 6.5% rise in first half sales on the back of better margins and stronger demand for premium beers the danish brewer reported solid growth in asia but struggled in russia, a key market, where total volume fell 3% we'll hear from the ceo at 11:00 central european time. >>> maersk backed its full-year gi guidance they said global containers grew during the period at 2%. they said further setbacks in trade negotiations between the u.s. and china would hurt the container business >>> and aegon reported a worst than expected solvency rate in the first half of the year they blamed low interest rates and unfavorable market developments for the weaker capital position the company did report better than predicted pretax profits. the firm announced this yeek wes ceo would step away next year. worth bearing in mind, they are levered to the interest rate environment. this one down 35% in the last 12 months >>> walmart will report

and what about the "r" word?re very far from a recession. >> o'donnell: also tonight, a series of mass shooting plots foiled. n.y.p.d. deputy commissioner john miller tells us about warning signs the suspects are nightmare in paradise. a connecticut man charged in the death of a hotel worker in the caribbean is getting threats on his own life. >> all i did was defend my young daughters from an attacker that was crazed. >> o'donnell: if the president is still warming to the idea of buying greenland, he should know it's melting. we are there with the evidence for "eye on earth."

minutes away from the start of the trading day and fears of a global recession, that's right the "r" word in a weakening american economy has rattled wall street. you'll see the markets are up this morning. they've been up as high as 150, down as low a 200. now they're back up again. but these concerns over the last few days, very, very real. china issuing a new threat to retaliate this morning. >> this all comes after the dow plummeted more than 800 points yesterday. it was the worst day of the year. stock futures are ticking up as john says slightly this morning after wal-mart reported its better than expected earnings. but of course we have no idea what's in store for the rest of the day. what are you feeling and seeing down there? >> reporter: well, wal-mart giving investors some opmism at the consumer of the u.s. which has been the backbone of the economy is still strong. but make no mistake about it, yesterday investors sent a clear message to the donald trump, get your act together because it does not look like the chinese are caving and this morning as john alluded to, those fears

. >> most consumers don't know what the fed is doing, but they are hearing the r word. >> they saw that and saw the story and newscasts and newspaper, they're smarter than you want to give them credit for. >> when they turn on msnbc, and fox, and is a recession bad for the country, is it good, is trump causing t they are hearing that more so than they are paying attention to what the fed is doing i think that r word conversation to your point will do more to shake consumer confidence than anything powell might say. >> this is why all day today we're profiling the great american consumer on cnbc today on "power lunch. at 2:00 p.m., a major boom in the restaurant sector, and we're talking about the sector and the companies with room to run. >>> let's talk about the mission statement from the business round table, sparking debate about the purpose of a corporation, and maximizing shareholder returns is no longer the main goal. a statement signed by almost 200 ceos, including jamie diamond, including employees, customers and local communities. this is interesting. what do you guys think abo

also coming up don't use the r word germ.

. >>> we keep hearing the "r" word these days what to do if you sense a recession is coming. >>> you don't have to worry about tipping. how one pizza company is trying to get a slice of the pie with this innovation. "on the money" starts right now. >>> this labor day weekend we are thinking about workers and veterans after their service, finding the right civilian job can be difficult, but those military skills learned can be a valuable tool in starting a new business. our contessa brewer went to the university where a boot camp is helping veterans. >> reporter: natasha spent 20 years in the army. >> i had opportunities to be a commander. i was airborne i worked in special operations i supported special operations around the world. >> reporter: when she retired, with all of her skills and logistics and management, she took a jock at william sonoma. there were some hurdles. >> there was lack of camaraderie, lack of values, military value. >> reporter: after seven months, she quit though she landed an interview at amazon, she opted to start her own business shoes. >> i remember how muc

strong slamming demonstrators for what it calls a terrorist like access also coming up don't use the r word.

also coming up don't use the r word germany releases statistics showing its economy contract is in the 2nd quarter a chance americans said they just too soon to worry about a recession.

also coming up don't use the r word germany releases statistics showing its economy contract to the 2nd quarter the chancellor merkel says it's too soon to worry about a recession and now.

>> everyone is mutter the r-word the president said we're not supposed to bring up the r-word.ecession. i think it's everyone -- i had lunch with a ceo who was saying, you know, we see some problems ahead. we're stocking up and putting cash in reserves here. they're changing. >> what is that? >> i don't want to say but, you know, they're worried about a recession. they're worried about am i going to have to close stores? is it going to cost me severance? they're starting to plan for it. that's how it begins that's how it happens all the time and, by the way, it's not that of normal. it's okay. it's okay for things to close. where we haven't done it in 121 months or something. >> yeah. last hour president trump was speaking at a bilateral meeting with the prime minister of romania. he addressed the u.s. economy and rate cuts. listen i think the word recession is a word that is inappropriate it's just a word that the certain people in the media are trying to build up because they would love to see a recession. we're far from a recession in fact, if the fed would do its job, i thi

please don't use the r word germany releases statistics showing its economy contracted in the 2nd quarter which i.

where all of the r. word germany research statistics showing its economy contracted in the 2nd quarter what chance on the macro says it's too soon to worry about a recession also coming up the united states postpones tariffs on chinese goods as beijing releases new figures it says show the economy still booming. i'm chris clover welcome to the program europe's biggest economy is running out of steam and fears of a.

also coming up don't use the r word germany releases to to 6 showing its economy contract is in the 2nd quarter a chance americans said they just too soon to worry about a recession. radiation levels spike in a russian town after an accident at a nearby weapons testing range authorities cancel an evacuation order and downplay the danger is that a cover up. plus a woman makes soccer history she will take charge of a major men's match in european competition for the 1st time tonight stephanie from pos steps up to referee liverpool against chelsea in the super cup. i'm sumi so much going to thank you for joining us flights are taking off again at hong kong international airport as authorities introduce new security measures the airport had been shut down by 2 days of mass protests that at times turned violent and that's touched off some soul searching among protest organizers many have apologized through signs and tweets but they insist that their cause is just china's hong kong affairs office has condemned yesterday's violence calling it a terrorist like but protesters have vowed to carry

strong slamming demonstrators for what it calls a terrorist like access also coming up don't use the r word germany releases statistics showing its economy contracted in the 2nd quarter but chancellor merkel says it is too soon to worry about a recession. also coming up a woman that makes soccer history she will take charge of the major men snatch and european competition for the 1st time tonight to stephany's kufa sets up to referee liverpool against chelsea in the super cup. i'm serious so much got to thank you for joining us flights are taking off again at hong kong international airport as authorities introduce new security measures the airport had been shut down by 2 days of mass protests that at times turned violent that has touched off soul searching among the protest organizers many of apologized of signs and tweets but they insist that their cause is just now china's hong kong affairs office has condemned yesterday's violence calling it terrorist like but protesters have vowed to carry on with their campaign for democracy. from kiryas to cam hong kong international starting to rese

also coming up don't use the r word germany really says to to stick showing its economy contract in the 2nd quarter but chancellor merkel says it is too soon to worry about a recession. also coming up a woman makes soccer history she will take charge of a major men's match and european competition for the 1st time tonight stephanie steps up to referee liverpool against chelsea in the super cup. i'm sumi so much going to thank you for joining us flights are taking off again at hong kong international airport as authorities introduced new security measures the airport had been shut down by 2 days of mass protests that at times turned violent that has touched off some soul searching among protest organizers and many have apologized for signs that tweets but they vow to carry on with their campaign for democracy china's hong kong affairs office has condemned yesterday's violence calling it terrorist like a ramp up in rhetoric during hong kong's long summer off on rest. from kill stick out hong kong international starting to resemble an airport once again this morning passengers on the move

and what about the "r" word?> we're very far from a recession. >> o'donnell: also tonight, a series of mass shooting plots foiled. n.y.p.d. deputy commissioner john miller tells us about warning signs the suspects are nightmare in paradise. a connecticut man charged in the death of a hotel worker in the caribbean is getting threats on his own life. >> all i did was defend my young daughters from an attacker that was crazed. >> o'donnell: if the president is still warming to the idea of buying greenland, he should know it's melting. we are there with the evidence for "eye on earth." outsmarted by a second grader.wd by a yth moomayenef fest for breastia >> this is the "cbs evening news" with norah o'donnell. >> o'donnell: good evening. this is our western edition. we start out with breaking news at the white house. president trump has just spoken again with the head of the national rifle association. cbs news is confirming that wayne lapierre placed the call and there are questions tonight about the context of that

stocks rise, some warning signs are flaring about a possible slow doadown and some mentioning the "r" wordwhat you need to do if the economy cools. >>> rising risks. how investors are using high-tech data to forecast clate risk to their real estate interests. all of that and much more gh tonight on "y business report" for thursday, august 8th. ♪ >>> gend g, everyone. welcome. bill has the evening off. what a difference a few days make. after a sharp sell-off to start the week, stocks have reversed course. tonvestors were encouraged by a rebound in global bond yields and some stronger-than-expected trade data out of china. theit up and you hav recipe for a rally. the dow rose 371 points to 26,378. the nasdaq climbed 1 and the s&p 500 added 54 and is now positive for the week. bob pisani has been looking at some themes emerging in this market. >> reporter: talk about a wild ride on wall street. stocks regained theirto footing y with the dow surging more than 300 points. the s&p 500 bouncing back to right about where it closed last friday. that's a remarkable ride. stocks got a lift as bond y

also coming up don't use the r word germany releases statistics showing its economy contract to the 2nd quarter of chancellor merkel says it's too soon to worry about a recession and not so likable facebook began under fire this time for listening in to its users conversations after having long dismissed rumors that he did and used such thing. i'm sorry kelly welcome to the program more tear gas in hong kong as hundreds of protesters gathered outside a police station and yet another violent clash in the territory pro-democracy demonstrations have been marching along on a residential district the latest clash following 2 days of mass protest at hong kong international airport that at times turned violent. correspondent tb kong is standing by with the very latest from hong kong now and we are just hearing these fresh reports of protests that that just kicked up again in hong kong as evening falls what more do we know. yes suppose test says they originally they can enhance i.f.a. stations in downtown hong kong slice to mock any old goat festival which is such as issue no chinese religious

kevin >> dana, thanks to an inverted yield curve, fears of the waeaded r word,ar recession, sweepingll street to main street but the dhite house isbling down on its economic policies, completely convinced the u.s. economy is not nst the best ihe world, it's the best bet for american voter in 2020. the week that was almos ray earned a letter grade it would get a v volatility. with the dow imitating roller coaer. a reaction, say experts, safe, to a number of factors including the u.s. china tradeispute. ongoing unrest in hong kong andh ofe the 10-year fering less than shorter treasuries like the two-year period even as a 30-year yield fe to an all-time record low.il and whe they're all to are optimism, for example, retail sales have jumped 3.4% from a year ago, consumer 6.4% from july.fallen. >> i will never,let you down, that i can tell you. >> undaunted, president trump took his message of economic evangelism on the road to new hampshirthis week, a key 2020 target for the g.o.p. where unemployment is low and democratic promises of an economic overhaul have been met with skepticism. >

economy, right now, it's triggering a big plunge on wall street and fueling fears of the dreaded r word, recession. the morning signal has receded each of the past seven recessions, the signal yields on 10-year treasury bonds for the first time since 2007, the move surgting that investors are shufrning stocks in favor of government bonds. all of this is happening due to trump's trade war with china. a washington post opinion columnist and joe cioli with business insider. great to have both of you on. let's just start with you, we were chatting on so much of this yesterday. here we go, you see the markets. is it not a matter of if, but when? >> the nature of the business cycle, cycles turn. there will be at some point a recession. how far away are we? we are now in the longest expansion on record, right? we passed that last month, essentially, and so, yeah, it looks like we're over due for a recession. that said, expansions don't die of old age, they generally have to be murdered by someone or something. the cause that precipitates a recession is a shock of some kind. we've seen that bef

color or party or race, when you're attacked and obviously the democratic leadership and using the r-wordent, the i-word. the president always hit back. it doesn't matter your station in life, whether you're a congressional leaders or a hollywood celebrity. so, one, i think this is sort of misplayed by the national press. this is a president that's m-o. you've reported on it for years. when he's hit he's going to hit back regardless of the accuser, so to speak. neil: shouldn't the president be different? do you think a president should be held to a higher standard? >> well, i think whether you like him or not, whether you support him or not. agree with him or not, neil, this is his m-o. this is-- >> would it be yours, governor? i've never heard you talk like that. >> it's not mine. no, it's not mine. it's not mine, but i'm not going to dictate to a politician or present politician. and that's his m-o and what he does and everybody knows it, neil. with regard to baltimore, obviously, a lot of familiar problems. in my view, the denominator is, it's fatherlessness and continually failing pub

concerns about a looming economic downturn, president trump and his top aides are busy swatting away the r word. nobody is rooting for it but if you look at all the data i was talking about, china is slowing down, and germany is slowing down, the u.k. is slowing down. >> laura: news flash germany is in recession. we are not. if obama were in the white house under similar economic metrics to what we have now, these same reporters and analysts would be crediting him not condemning him for being too optimistic. and this could be my favorite piece of all. from a "washington post" reporter called andrew van dam, a recession is coming. but despite this week's warning signs we have little idea when. it could be eminent or the economy could chug along before the heat death of the universe. translation, we can't really predict but let's speculate to scare people anyway. and that there is this beauty of a headline from that acclaimed journal of economics "rolling stone" magazine. how cynical by the way, and sad, for the once mighty party of jfk and pat winningham. getting back to the democrats, i don't e

>> i will go first, don't mention the r word again. he is not going anywhere yet. he has a few more weeks. your first question, we are not seeking conflict with iran. we want to engage with them diplomatically. you saw reporting the president said he's willing to meet with iran's leaders to resolve this diplomatically and the purpose of operation sentinel was to avoid an operation that would get us off the track and onto a different one. to the degree it has been successful that is good. i'm not sure i'm ready to call the crisis over yet but so far so good and we hope trend lines continue that way and the parties the iranian's agree to resolve these issues. >> when i think of afghanistan, we don't want afghanistan to be a sanctuary from which the homeland can be threatened. the other is we want peace and stability in afghanistan for the afghan people. any of us that have served know that what is required is a negotiated peace settlement in afghan dialogue leading to the peace settlement. when i think, when you say we withdraw i don't think of it as we are going to

also coming up don't use the r word germany releases statistics showing its economy contract in the 2ndquarter but chancellor merkel says it is too.

. >>> tonight, robert reich on donald trump and the "r" word. >>> then why senator elizabeth warren was apologizing today. >> i know that i have made mistakes. i am sorry for harm i have caused. >>> senator kirsten gillibrand on what appears to be a presidential retreat on background checks. >> people don't realize we have very strong background checks right now. >>> and the conservative backlash to the 1619 project on the impact of slavery in america. >> the whole project is a lie. >> when "all in" starts right now. >>> good evening from new york. i'm chris hayes. donald trump and the trump administration understand that

. >>> the "r" word. >> i don't see a recession. >> there will be a recession. >> from washington to wallat is all the talk of a recession doing to investor sentiment? a "squawk box" newsmaker ron baron will join us live. >> plus he was fired in a very public ouster, so why is bruce linten buying more stock in the company? the second hour of "squawk box" begins right now >> announcer: live from the beating heart of business, new york, this is "squawk box. >> good morning, and welcome back to "squawk box" right here. take a look at u.s. equity futures at this hour a little in the red here the dow off about 22, 23 points. nasdaq looking marginally higher s&p we're going to call flat for now. treasury yields, a ten-year note at 1.562, those also keeping an eye on the two-year note at 1.527. so we're back to getting kind of close. >> here's what's making headlines in addition to the markets themselves just days after implementing interest rate reforms, china has lowered its new benchmark interest rate. the move is designed to lower corporate borrowing costs to help spur economic growth. >>> h

i would admonish you do not mention the r word again. he's not going anywhere yet. [laughter] >> he's got a few more weeks. question, we are not seeking conflict with iran. we want to engage with them diplomatically. you sell over the weekend some , reporting the president is more than willing to meet with iran's leaders to resolve this diplomatically. that has been the purpose of operation sentinel, to avoid a situation that would get us off of that track and onto a different one. to fit -- to the degree that has been successful, that is good. i'm not sure i'm ready to call the crisis over yet, but so far, so good. we hope that trim lines continue that way. we help the parties, the iranians, agree to meet and talk and resolve these issues. gen. dunford: when i think about afghanistan, i think about two things. we do not want afghanistan to be a sanctuary from which the homeland can be threatened, from which the american people and our allies can be threatened. the other thing is we want peace and stability in afghanistan for the people. any of us who have served th

economy, right now, it's triggering a big plunge on wall street and fueling fears of the dreaded r wordgnal has receded each of the past seven recessions, the signal yields on 10-year

and you can tell for four or five years it got so bad that the r word was forbidden from a house in my home. so you can tell when somebody is really interested. >> thank you for letting us listen to the great conversation. i also had a question about your physics background. i know that doctor was influenced by his english background, how did physics help you in your career? >> i think what physics does teach you is how to think quantitatively. that is becoming increasingly important in biology. biology is increasingly a quantitative discipline. when you learn physics you become fluent in mathematics, not afraid of equipment, computers and you have a strong sense of the signal you might expect an experiment. so one of the key things that i did was a fairly simple calculation to use a method that i believe i saw a method pioneer by hendrickson on a scattering. and i did a calculation which ask, could you get a signal with certain types of atoms from the crystal of the ribosome. if i had not had that physics training, i'm not entirely sure that i would have done that and then been confid