ok, rio plus 20 is history. we have to think about the next 10 years, the next 20, 40, the next steps. we have chances that are available now, and if we wait for action, we will lose the chance. 50 years ago, 40 years ago, it was too soon to take actions we now know are possible. 50 years in the future, it will be too late. that is i think what should resonate from this assessment of where we are in the greater scheme of things, the opportunities that we have, we cannot let the lack of progress at rio plus 20 drag us down. this is the opportunity to build on this great outpouring of interest, information, knowledge, corp., and seize the moment. this is the time. >> jason, you want to add something? >> to pick up on your point, in the next 40 years, we have to produce as much heat food as we have in the next 8000. stay around for the next session and we will talk about it. [applause] >> thank you. >> the aspen institute also heard from a panel on ways to address global hungry and the 9 billion people. this is an

in fact at the rio plus 20 meeting in june just last month, brazil and china signed an agreement on the economic cooperation agreement which was specifically designed to try to bring more into balance the trade relationship so that without reducing the sale of commodities to china, they're also going to try to increase the sale of manufactured products to china and that's the real growth area that they are trying to develop. >> let me pursue one thing. china has made rather large loans to brazil and venezuela particularly in their energy sectors. do you have any sense of whether those loans are being repaid in oil? and if so, then does that give china an advantage in setting the price for oil it's receiving and placing american companies at a disadvantage? >> very good and important question. >> the short answer is it depends on which country. venezuela and equador yes it is in petroleum products. argentina more in terms of agriculture. just depends on what the country has that china wants. but in the energy sect whar we've seen is large loans that will be paid back over time in energy.

also at this moment they are probably drinking rum at the rio plus 20 and there's very little optimismfor that meeting. we are in a moment everything seems to pass it on the euro crisis. the amount of money on the table keeps shrinking. the sense of generosity is shrinking and we hit seen since 2008 with a financial crisis ever greater dependency on one source, united states government which i think is now about 60% of support for international hiv efforts. what does this mean for you in terms of trying to coordinate aid in response? >> he said something important the world is changing. ten years ago when we were talking about the millennium development goals [inaudible] six, 7% even though growth rate like we that 15%, 11%. we are not talking about china, brazil and others as key players in the new global government systems. for me but is important today is what we're trying to push on the shared responsibility. we cannot use the whole paradigm what we are trying to push is to bring different players. we've been able to work with the chinese and if they are now paying for their own re

. ♪ the icons who closed out the olympics and a little preview of what rio has in store. >>> plus, aig change outside right now and more on the way. weather and traffic on the ones still ahead. >>> and next, the jail time an nfl star faces for allegedly head it being his w i'm barack obama and i approve this message seen this? mitt romney claiming the president would end welfare's work requirements? the new york times calls it 'blatantly false' the washington post says: "the obama administration is not removing the bill's work requirements at all." in fact, obama's getting states to move twenty percent more people from welfare to work. and president clinton's reaction to the romney ad? it's just "not true." get the facts. >>> nfl wide receiver chad johnson is once again looking for a job. the miami dolphins cut him yesterday hours after police arrested him for allegedly head butting his wife, reality tv star evelyn lasata. he's facing a misdemeanor battery charge. could face a year in jail and $1,000 fine. >>> we are asking for sunshine and comfortable humidity because it is monday a

. >> and also, at this moment in the rio and the are probably drinking and the plus 20 and there is little optimism for that meeting. we are in a moment where everything seems to pivot on the euro crisis. the amount of money on the table keeps shrinking. the sense of generosity is shrinking, and we have seen since 2008 with the financial crisis ever greater dependency on one source: the united states government, which i think now is about 60% of international support for hiv. what does this mean for do in terms of trying to coordinate a global response? >> they said that the world is changing and i believe that. ten years ago when we were talking about this africa was nowhere. we were not talking about [inaudible] even the highest growth rate like 15%, 11%. we are not talking about china, brazil, key players in the new global government system. so, for me what's important today is what we are trying to push is to bring the shared responsibility. we cannot use the whole paradigm which we have been using until now. so what we are trying to push is to bring in different players. we are able t

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rio de janeiro, brazil. >>> coming up after your local news on "cbs this morning," surprise crash test results involving luxury cars in crashes on the front corner of the vehicle. >>> plusashington state over a costco store that's being overwhelmed by canadian shoppers. we'll tell you why americans are so mad. >>> and remembering helen gurley brown. we'll hear from kate white, the current editor in chief of "cosmo," that and more on "cbs this morning." for now, though, that is the "morning news" for this tuesday. i'm terrell brown. take care, everybody. i'm terrell brown. take care, everybody. have a great day. -- captions by vitac -- www.vitac.com >> good morning everyone. >> we are following some developing news from lee county >> that is where to wildfires are still out of control this morning. the fireta

four grand slams plus gold at the olympics in singles and doubles this after she beat maria sharapova in the most one sided final ever american says she intends to defend her title in rio in four years' time so right now i feel like i'm competing with with everyone else out there pretty solid i. feel like i belong i'm not tired i'm enjoying myself so much. i don't see indrani. i plan on being there. simply doesn't allow me to. i will be. now elsewhere english premier league side arsenal have strengthened their ranks by completing the signing of spanish midfielder santi cazorla the twenty seven year old following in the footsteps of a living as you do in lukas podolski and arriving at the emirates this summer the spanish international helped his country to success of the european championships in two thousand and eight and two thousand and twelve a versatile midfielder who can play on either flank says his arrival from the league a side malaga is a huge step forward in his career he's agreed what's being described as a long term deal for an undisclosed fee. while the cream of the golfing crop are gearing up for the p.g.a. championship this weekend the world's top one hu

home the country's olympic pedal winners rio will -- medal winners rio will be the first south america can country to welcome the games. plusthey are hosting the world cup. >> all systems go in brazil. >> amazing how much work they have to do, buildings be built. >> in some cases, yeah, for some cities, olympics is a big boom to others it is not. >> we hope for the best for them we hope for the best for us today and our weather. >> it will be fine. warm and humidity expected upper 80s to 90. possibility of storms later today and expect yesterday, some of those could be on the strong side. >> okay. >> yeah, most of the activity north of us, north earn maryland and baltimore they -- northern maryland and baltimore. they got hit hard. last couple mornings temperatures have been a little better, backing up lower 60s 70s. future cast see what we can find and conditions for the first half of the day partly sunny and then a tendency to cloud up later today there you go let's check out 4:00 p.m., scattered showers and thunderstorms back in the forecast, cold front try to get through yesterday, stuck p. it will feel a push later thi

grand slams plus gold at the olympics in singles and doubles so after she beat maria sharapova in the most one sided final ever and the american says she intends to defend her title in rio in four years' time right now i feel like i'm competing with with everyone else out there pretty solid i. feel like i belong i'm not tired i'm enjoying myself so much. so i don't see indrani. i plan on being there and listening to something doesn't allow me to. i will be there. now way from the olympics and in russian football rubin had to battle from behind to be vulgar two one on monday moving up to fourth in the russian premier league in the process alexander kind of tone of the man opening the scoring for the hosts a quarter of an hour into the game. last until eleven minutes after the break got there is kind of dennis leveling matters after the goalkeeper could only parry an initial rubin shot and soon afterwards the carson men secured all three points. with a strike so blistering it falls in the camera man to want to be in the final score a second win in a row for the title hopeful as. well that was all saying rubin moved up to fourth just a point behind the new force in russian

rio learn from london. >> we focus in on california and bring you the latest on the fire at a chevron refinery which has been contained. plus we speak first on cnbc to the chairman of muncheon as it raises it out look. >> 30 minutes into european trade. just weighted to the upside on the dow jones stoxx 600. so slim moves higher right now for european stocks. ftse 100 where that listing is pretty flat. xetra dax up .60%. bond markets are concerned take a look at where we stand at peripheral yields. and we've moved on. relative for euro sterling. aussie/dollar higher. said it was comfortable about chinese growth. no reason to cut rates any further. dollar yen 78.34. euro/dollar 1.2415. that's where we stand right now. we go to singapore for more on the asian session today. >> we're seeing asian markets in the green thanks to those on going hopes that ecb won't step up its policy support. investors are looking ahead to key economic data from china on thursday. mainland market is higher by .1%. resource companies gained on news that higher barriers will be imposed on the rare earth industry. property sub index climbed after a