and with this bill today we are rewarding rio tinto. we are telling rio tinto, never mind the u.n. sanctions, never mind the sanctions of u.s. law. what the deutch amendment does is say, if you want to do business with america, you need to stop doing business with iran and mahmud ahmadinejad. -- mahmoud ahmadinejad. under this amendment, as soon as rio tinto severs its partnership with iran and ahmadinejad, the copper affiliate can proceed to take title to these very valuable federal lands in arizona, in the united states of america. i don't think that's too much for this congress to ask. vote for a strong nuclear nonproliferation policy. send a message to ahmadinejad, vote for the deutch amendment. the speaker pro tempore: does the gentleman yield back? the gentleman yields back. for what purpose does the gentleman from washington rise? mr. hastings: thank you, mr. speaker. i rise in opposition to the motion to recommit. the speaker pro tempore: the gentleman is recognized for five minutes. mr. hastings: thank you, mr. speaker. mr. speaker, let me be perfectly clear and i'll say t

this property doesn't belong to rio tinto or b.h.p., it belongs to us, americans.may i have another 0 seconds, mr. grijalva? -- 30 seconds, mr. grijalva? it belongs to us as americans and we oug to be getting our full value. this is not an obscure or new provision. this is the standard procedure, we used it for oil extraction, except in deepwater. it's something that really will give us the value. secondly, and i'll make this very, very short, is that the equipment used ought to be american-made. there are going to be a lot of equipment, a lot of different equipment and materials used, let's make that american-made. that's an amendment that will come later. but right now deal with the royalty issue so that us americans, all of us, 300 million, will get our share of the extraordinary value that this mine will produce. with that i yield back. . the chair: the gentleman from washington. mr. hastings: i am pleased to yield two minutes to a member of the natural resources committee and a gentleman whose district has long mining history, the gentleman from michigan, mr.

but the copper will likely benefit china more than the united states. 9% of rio tinto is owned by thete-controlled aluminum corpation of china. rio tintto has a long established relationship. they refused to disclaim what level of exportation they were going to make to china of this copper-ore. at a time when we should focus on u.s. industry, on supporting that industry, creang jobs here in america, we should not be trading away billions in copper to supply china's needs. this bill doesn't require -- doesn't even require the ore extracted from this mine ll be processed here. much less that it will be marketed or sold here. with that let me yield three minutes to the gentleman from california, a member of the resource committee, mr. garamendi. the chair: the gentleman from california is recognized for two minutes. mr. garamendi: thank you, mr. grijalva, thank you very much. let me just fell you, my family's been in -- tell you, my family's been in mining since the 1860's, gold mining which isn't working too well in california right now and i'm not at all opposed to mining copper in ari

and rio tinto leading the gains to coexist stocks are also offering some support off to google's results move it exceeded expectations. and here in russia the markets are seeing strong gains investors seem to be looking upbeat us prospects improved for containing europe's debt crisis the r.t.s. is skinny two point eight percent and the minus six is two point two percent on the rise let's have a look at some of individual moves on the why is that most of the blue chips are trading in the black the solve with parabolic up two point two percent the lender has announced it's going to increase the shelf for it to take its profit to seven percent in three years could leave the house jumped more than forty percent on a deal with you know lever the details in just a moment. telecom is also edging high the company may start to buy a bottle just holding a thirty percent decline in value in the last three months it's also reportedly interested in buying the only three g.o.p. . in ukraine the jail would be forced to one hundred seventy million dollars. when given the very high level of uncertainties

up one percent and rio tinto gaining one point two percent that's all a stronger commodity prices however banking stocks a sharply lower after movies has downgraded the credit rating of twelve u.k. financial firms including lloyds r.b.c. and sons and their u.k. and russian markets are gaining this song on the outs guess is to have one point eight percent of them isaacs is up one and a half percent let's have a look at some individual shambles on the markets level stocks are on the rise nacho adding over five percent post producer paul kali's among the main game is this hour it's up seven point six percent that's on news of two and a half billion dollars buyback a low call is also getting the company plans to invest almost twenty billion dollars owner finally operates in ten years. russian energy giant gazprom has obtained a license to explore one of the country's largest undeveloped gas fields the reserves of conflict appealed to our estimated that up to two trillion cubic meters that's enough to lead role gas to months eight months earlier this year gas from got the siberian deposit from

fifty five thousands were expected there for the pussy is now up almost zero percent so is the dax rio tinto b.p. some of the biggest gain is in a rush the positive mood which has already been on friday has increased now the r.t.s. up. two point six percent if we look at some of the individual stock movers you'll see that is up three point six percent produce that world clearly is among one of the biggest gainers eight point seven percent of this hour it's on news over two and a half million dollar billion dollar on the buyback lukoil is also getting the company plans to invest almost twenty billion dollars on refinery upgrades in ten years. russia's burbank is considering buying the turkish unit of troubled french belgian group dexia that is struggling to cope with its exposure to greek debt as is considering and as a source of those burbank say the deciding factor will be the price of the said but the acquisition would be consistent with the bank's well publicized plan to expand in central and eastern europe. and other news russia's top diamond producer are also plans to hold an i.p.o. at

and rio tinto leading the gains tax cuts acknowledges dogs are also offering supports after google's results more than exceeded expectations and the dax is point eight percent black the sell. here in russia markets are staying strong gains in most instances looking up prospects improved for containing europe's debt crisis the r.t.s. is gaining over three percent while the market is up over three percent as well now let's have a look at some individual strengths on my success on most of the books in the trading in the blackness how would spread by soaring over five percent the. they have the knowledge that it's going to please the staff for an activity in its profit to seventy percent in three years has jumped more than forty percent of the year within the last telecom is also high the company may start a buyback of chaz following a thirty percent decline in value in the last nine months it's also reportedly increased interested in buying the only three g. operator. deal could be worth two hundred seventy. one given the very high level of uncertainties associated with the global econo

in europe are trading lower the resources stocks are higher on the footsie would be one percent rio tinto gaining over one to help decide how strong the commodity prices have a banking stocks the shelf the lower half the reason downgrade is the credit rating of twelve k. financial firms including lloyds r.b.s. and sometimes their u.k. . and here in russia markets are trading in the black the artist is up one and a half percent and the wise ics is is up just over five per cent now let's take a look at something divisional shammal some isaac's metal stocks are on the rise with metro adding over five percent put our producer is among the main gainers that's how it's up more than six percent on news of two and a half billion dollars buyback and look oil is also gaining the company plans to invest almost twenty billion dollars on refinery upgrades in ten years. russia's top diamond producers are also plans to hold at the end of two thousand and twelve or soon after the company has previously suggested it would offer up to twenty five percent of its shares to raise three billion dollars the gov

hastings: you mean a copper mine or rio tinto? mr. gosar: i've been in this mine. mr.hastings: you mean the one in arizona? mr. gosar: yes. mr. hastings: i'm not quarreling with that. i'm talking about when rio tinto comes and this bill allows them to go forward in a way that allows them to robotize -- look, i'm not against technology but i'm saying to you is i don't see how ultimately that foreign companies are going to cause local communities to have increased employment that's sustainable. do you understand what i'm saying? mr. gosar: but i'm pointing back to the same purpose that i've seen trust exibbletted here where they've hired people -- exhibited here where where they've hired people. that's a part of trust that we have to get back to in this country. mr. hastings: all right. at least we had a fair exchange and perhaps if we had more time with measures like this we could do similar. but i would hope then my argument about the native american measures does not fall on deaf ears when you take into consideration the need to preserve our cultural heritage and the

hastings: you mean a copper mine or rio tinto? mr. gosar: i've been in this mine. mr. hastings: you mean the one in arizona? mr. gosar: yes. mr. hastings: i'm not quarreling with that. i'm talking about when rio tinto comes and this bill allows them to go forward in a way that allows them to robotize -- look, i'm not against technology but i'm saying to you is i don't see how ultimately that foreign companies are going to cause local communities to have increased employment that's sustainable. do you understand what i'm saying? mr. gosar: but i'm pointing back to the same purpose that i've seen trust exibbletted here where they've hired people -- exhibited here where where they've hired people. that's a part of trust that we have to get back to in this country. mr. hastings: all right. at least we had a fair exchange and perhaps if we had more time with measures like this we could do similar. but i would hope then my argument about the native american measures does not fall on deaf ears when you take into consideration the need to preserve our cultural heritage and the

sparked a jump on the main markets in hong kong driving the broader rally is the resource sector, rio tinto up almost 5% while others are going up as a vote of confidence for economic growth. back to you. >> okay, ramy, thank you very much. >>> wall street is starting out the week at its highest level in three months. the dow surged 267 points on friday. that was nearly a 2 1/2% gain. the nasdaq was up by nearly 40 points or 1 1/2%. for the week both the dow and the s&p rose by a little bit more than 1%. but the nasdaq, the tech stocks actually lost 1% over the week. well, in terms of monday's trading, u.s. markets do look set for gains when the trading begins, what, in about 5 1/2 hours from now, 5 hours and 0 minutes. here's where futures stand in the premarket action and some gains building on top of the strength of friday. up about half a percent or even under for the nasdaq. >>> in relief in sight for thailand as the country prepares for even more flooding. we'll count the costs when we return. for fastidious librarian emily skinner, each day was fueled by thorough preparation for even

r rio tinto, mon that 3.5%. the australian market was way down. banks slipped in japan where a strong yen hit. exporters although the hang seng as well as the shanghai composite did make gains. >> ramy joining us live. thanks. >>> as for wall street it'll begin the day in positive territory for the year. u.s. stocks rose on monday with the dow advancing more than 100 points, a gain of nearly 1%, 100% would be nice, a gain of nearly 1%. this was the dow's fourth gain in five sessions. the nasdaq surged more than 60 or nearly 21 p 1/3% or s&p 500 gained 1 1 /3%. that's below its break-even mark and it's essentially even stevens. >>> now, shares of netflix have plunged 24% in after hi-hours trading and shed more customers in the third quarter than forecast. netflix lost 800,000 u.s. subscribers in the quarter just ended, however the company's earnings have beaten analysts' expectations. >>> could caterpillar's strong quarterly profit be a positive bellwether for the global economy? that story straight ahead. ♪ [ male announcer ] sitting. waiting. hop

in australia rio tinto gained 2.4% after announcing plans to sell 13 aluminum businesses. one stock that went the other day and spectacularly was olympus. its share plummeted by nearly 24%. the outgoing ceo michael wood ford said he raised concerns of high prices and advisory fees paid by acquisitions before he joined the board. that raises concerns that the company could be subject to investigation by regulators and maybe even prosecutors. let's have a look now at wall street and actually again we look like we're going to be seeing tradings beginning the week in positive territory. after a choppy trading week last week, investors got back to where they started the year on friday. the dow rallied 166 points, nearly 1.5%. that's a gain of nearly 5% for the week. the nasdaq jumped more than 1.75% on the day, more than 7.5% on the week. standard & poor's had nearly the same percentage gain on friday with a week's gain of just about 6%. in terms of monday's trading, today the 17th of october, markets look set for opening gains when that all begins in about 5 1/2 hours' time. h

flat, pairing earlier gains we saw in the morning, banks and miners, piling on more from yesterday, rio tinto and billotin closing up as well. the kospi up about 4%, the shanghai composite up nearly 6%. that esfs breakthrough is translating into a breakout in asian equities. nina? >> it's amazing how that esfs agreement finally had, let's say, an impact on all of the world's markets. ramy inocencio, many thanks for that. >>> let's move from asia and europe to wall street because big applause and big gains on wall street is what we saw yesterday. the dow jones industrial average is heading for its best month since back in january 1987. and u.s. markets look set for slightly lower open when trading begins later on on friday. here's where the premarket action stands at the moment. the futures indicate we could see a loss of between 0.5% and 0.25% for those markets in four or five hours from now. >>> let's return to the euro zone and in particular spain where the country's jobless rate continues to climb. the latest unemployment figures released today are up more than 0.5% for the third quarter r