the meeting happening here on russky island. what you see behind me is the bridge that spans the eastern bosphorous strait and connects here and also central vladivostok. apec foreign and trade ministers have started talks on wednesday. they discussed how to stabilize the food supply in the face of a global surge in grain prices. they agree to refrain from export controls and other protectionist measures. the ministers talked about apec's plan to lower tariffs on fast growing environmental related products to less than 5% by 2015. however, they couldn't agree on which products should get tariffs cuts. they'll continue that discussion on thursday. russian leaders began pushing to hold the summit here in vladivostok after joining the group in 1998. the city is the country's main gateway to markets in the asia-pacific region. and i had a look around vladivostok to see how it changed in leading up to this meeting. ahead of the apec forum, the russian government has carried out several major development projects around the city. [ ch

you fought a russky. what country is it most satisfying to punch in the face?hs) all of them! (applause). >> stephen: that's nice. can i see the gold medal? >> yeah. >> stephen: oh, that thing is heavy. >> yeah. >> stephen: you have to be in shape just to wear it. >> yeah. >> stephen: so how much training? what's your day like? how much time do you spend in the ring training? >> well, up in flint i usually go down-- i run in the morning and that's probably about an hour, then i sleep through the day then probably 6:00 to 8:30 i work out. so that's eight hours during the day. so training camp was different. >> stephen: so you live in flynt, michigan, and you enjoy punching people. do you ever run into michael moore because he's from flint-- just for me, just go-- "this one is from stephen colbert." (laughter) right across the chops. he's a heavy-- what weight class are you? >> middle weight. >> stephen: is that a compliment for a woman? >> (laughs) >> stephen: mihdar ling you're a middle weight tonight. >> yeah, it's better than people saying heavyweight. that's

one is in germany where the constitutional fourth asserts are on the legality of the euro zone's russkie fall and the other one is the following day on thursday when the us federal reserve is expected to make some policy decisions and many people are expecting quansah the easing in particular he says and they face setting all my. one person this hour in the hindsight over a half a percent and then for it secular exports are doing quite badly in japan and that's when the weaker euro now would move all the and take a look at the performance on wall street overnight because it always has a major impact on the performance of all the markets around the world we saw that the dow shed just the knowledge there the nasdaq in the excuse me over one percent and there of course a similar picture of caution was the word of the day so we'll see what happens when the traders action takes off later on in the day the move on so currencies was that the euro is a for odds against the dollar this hour when it comes to the ruble it gained against both major currencies on monday markets here will open in abou

wednesday we have germany's constitutional fourth which asserts of all the legality of the euro zone's russkie found then the following day in the us the side of the service that surrounds a policy decision and a lot of people are really looking forward to see whether it will be another round of quantitative easing or let's move on and so. a look at what happened on wall street overnight caution was that for me the word of the day there as well lou so losses both for the dow and the nasdaq for similar reasons really no one wants to make any drastic movements ahead of those announcements if we move on and take a look at the currencies so what's happening with the euro dollar and ruble of course the euro is strengthening against the u.s. dollar when it comes to the ruble these are the close in figures from monday and we saw gains against both currencies there now of course the markets will open here in less than two hours from that but for now let's take a look at the picture from a monday and we saw against the r.t.s. added a third of a percent similarly with my sex important to mention that an

were no that the constitutional court gave the green light for berlin to ratify the euro zone's russkies. on and today investors are waiting for the u.s. federal reserve to announce its latest policy decision and many investors are hoping to see some quantitative easing let's see how investors are reacting in a second but first i want to talk about spain and that's because leaders there have now said that there is no urgency to get another bailout from europe since the country's borrowing costs are dropping and this of course follows the unprecedented move from europe and that was to buy dead from troubled countries and we spoke about this issue with financial expert patrick young and he said that this is really not a solution and it actually mask some real economic problems let's take a listen. what we're doing at the moment is essentially we've got someone who runs a pizza store and they realize that their peaches are actually not very good and nobody wants to eat it so therefore what they're going to do is they're going to buy all of their pizza and pay for the french to all sit in th