herehan: ryan chilcote is with more. what can we expect from today's meeting? so many plots.subplot more important than the main event? widening i think so. putin wants to be heard and heard on syria. and he was to change the conversation from while where he is on the defensive on ukraine toward he potentially could be a leader on syria. september 11, 2013 vladimir putin wrote an editorial and said the united states should cooperate with russia on syria. he also said the same editorial discretion with president obama was marked by growing transferred that was already after edward snowden and before gay rights and the olympics and ukraine. imagine the state of the militia and they have not seen each other for more than a year. s putin.t obama abhor in a speech to, the united nations and conversation with barack obama will say i am ready to lead in syria. i am part of the solution you needed me. forget arming the rebels in syria. you need to back a saw it would be strikes -- assad and we need to strike. it seems like obama might take the bait. it is getting criticism from some

we are joined now by ryan chilcote. ryan: the case being made for buying the share is the same being made by city and report -- "bottomless, we don't think so." it is anticipating the move. a think yesterday's a selloff since the company announced its debt reduction plans is overdone, and they think it has been driven by errant use on the company's ability to manage $30 billion of debt. they don't think the credit agencies will downgrade glencore anytime soon. -- they think in terms of asset sales there could be a surprise on the upside. remember, as part of the debt reduction plan, the idea was to raise $2 billion in asset sales. they think they could raise more. they think the agricultural business could be worth much more. they think glencore may go beyond selling just a stake in that agricultural business, which is valued at $10.5 billion. the other point is an economic one and has to do with the copper price. they say they stress test copper prices, that even if copper prices were to fall to $4000 per than the compa

ryan chilcote is at the breaking news desk. ryan: if you look at equity markets, which i have been watching for the last half hour, european equity investors don't appear to be delighted with the news out of the fed, the decision not to hike rates. take a look at the stoxx 600 -- down by 1%. the daxvidual indices, is standing out. is down about one third of 1%, part of the reason why it is the least hurt of the indices had morning is brand, which gold up. the coo made some bullish comments about production this year. finally, the euro did top on the back of the fed decision yesterday. it rose buy almost two thirds of 1% and today it is up just a tad, effectively holding on to the gamin he got yesterday. francine: thank you so much. ryan chilcote there. the china slow down was slighted by janet yellen as one of the fed's big concerns. let's turn to nick. what has been the impact of her remarks on the chinese economy? nick: i think there are two interesting things going on -- that she acknowledge is that leadership is trying to ma

we discuss that with ryan chilcote next.ncine: welcome back to pulse live from bloomberg's london headquarters . now no firm deal was reached yesterday when embs u. ministered met in brussels to discuss plans for relocating refugees. negotiations will continue aheads of another meeting set for next month. let's bring in bloomberg's ryan chilcote. what did they manage to agree on? ryan: what we have now is impasse. the ambition was to agree on how to distribute 150,000 refugees. they only agreed on how to distribute 40,000 refugees. they really didn't get very far other than agreeing to disagree until they meet again on october 8. a lot of the eastern european countries, the czech republic and perhaps most importantly hungary said we don't agree to this idea of binding quotas. there are two -- that were revealed in the fight yesterday at the european union. the first is luxembourg which holds the presidency of the european union. they said we like unanimity. like to make decisions with all 28 countries onboard but in this cas

ryan chilcote is there. what will we hear about? ryan: maybe.you think about this, the g-20 is a forum to a certain extent to emerging market policymakers. this is an important time for them come on the one hand they are concerned about the united states, the prospect of rising rates in the u.s., none of them will be cheering for a particularly strong job report. we have our hands on the draft committee k last night, there is not a subtle reference to the united states there, they need to communicate the policy with other countries from the u.s.. that is an issue, the other issue is the china and slowing economy. you think about the emerging markets, they have been the engines of global growth, you look at investors and they have soured on them. you look at the emerging markets index it is down to 20%. fitting that this is in turkey, smack between the united states and china. you look at the lira, way down since the beginning of the year. the fact they will have an election in november, some of that is in the strength of the dollar and the expec

ryan chilcote reporting from london.up on the bloomberg market day, the federal reserve, yes it held off on a rate increase. we are going to try to take a look at what the head of the federal reserve's decision-making prowess. and chinese president g zheng ping will visit the united states next week and bloomberg television will air a special focused on his trip. liu will be joining us for a preview. michelle meyer will weigh in on the federal reserve's non-decision to raise interest rates. those stories and more are coming up on bloomberg market day. soon direct talks will begin over china's buildup in syria. up itshas stepped military support for bashar al-assad in syria's civil war. most military talks between the united states and russia were stopped after russia annexed crimea from ukraine. understanding i want to begin the former u.s. ambassador to syria and israel. thank you very much for being here. expertiseof russian into syria, that has changed things. had a longtime military political relationship with syria

ryan chilcote is here with me. great opportunity for these guys to get together, but the subjects they have to talk about our varied and interesting. probably syria front and center. ryan: that's what president putin wants to talk about. his whole agenda is that russia is an international player, russia has a role to play in syria. vladimir putin wrote an editorial in "the new york 2013 onn september 11, the same subject. russia cooperating with the rest of the world in syria. that was the same editorial where he said that he had a growing trust in his personal and professional relationship with president obama, which i thought was interesting. after snowden, but before of course now we know for sure, that relationship has deteriorated. it became the whole argument about gay rights in sochi and for ukraine. make no mistake. his goal is to try to reinject russia into the international arena as a power broker in syria. he was on charlie rose, on "60 minutes" talking about how russia would like to build a platform with

guy: ryan chilcote on the glencore story. just a kind of caveat, peter senior independent nonexecutive director at glencore. we need to make that very clear. we will be digging further into the glencore story and the mining story. has a performance rating on the stock loss we will be looking at the biggest losers and the dwindling number of billionaires. at 8:00 a.m. we will be talking ec ceoest tech -- invest mark elliott. theng up on "countdown," parties remain divided on how to end the syrian conflict. after the break. ♪ guy: good morning, these are the stories that you need to know. toward a nearled three-year low. the msci index added to its biggest quarterly low since the financial crisis. every major business began retreating today. asia's biggest commodity companies have been hit hard. i collapse in glencore's stock highlights the threat of sliding row material prices. in india, the central bank has a right decision coming up at 6:30. the r.b.i. is expected to cut the benchmark rate for a fourth time. a majority of ec

francine: thank you, ryan chilcote. hans nichols and wolfsburg, ryan chilcote in london.from goldman sachs asset management. has fallent japan back into deflation for the first time since 2013. what does it mean for boj policy? discussing that next. ♪ francine: welcome back. looking at live pictures of japan's prime minister shinzo abe speaking in tokyo before he leaves for the u.n. meeting in new york. unveiled three new era as including a strong economy, childcare support and social security. japan's deflation has dropped below zero for the first time in more than two years. andrew wilson is ceo of goldman sachs asset management for emea . i've been talking to you for two or three years ago. we were talking about whether this was going to work. we are not the wiser. --rew: the three areas monetary and fiscal reform. theerday was a refresh of structural reform element. he talked about needing more female precipitation. making childcare free and increasing per tillie. is focused on abe growth improving. plans.ot a lot of images it is encouraging they feel the need to refr

jonathan: ryan chilcote, thank you very much. let's bring back in guillermo of european asset allocation at barclays. i go to the raw data and a bring up your chart of the percentage of exports that china accounts for. australia, 30 5%. we have talked about korea. the eurozone less than 5%. icg been at about 15%. if that is a dovish mario draghi and a lot of that was about china, what on earth does correct to say -- korota say from the boj? is worrisome for japan and he and i think one has to it knowledge the risks here. haveisks he spoke since increased. we still think they will keep the program but clearly monitoring the risks very closely because things are clearly changing. they may change quickly in the next few months for japan. g-20han: officials and the are concerned. ecb president mario concerned. why is it that different ahead of the september fed meeting? fed, they are clearly seeing a significant improvement in the round economy particularly in the labor market. they were getting to a position hiking rates and then yo

francine: ryan chilcote is here with the latest. going to be quite tough, but he wants a rough response from the west. brian coke he was to be heard on syria. ryan: he wants to be heard on syria. 11, 213, vladimir putin said russia should be quite rating more closely with united states on syria. his relationship with president obama was marked by increasing personal and professional trust. after atprising snowden. that really upset president asylum to russia gave edward snowden. it is fair to say that their relationship couldn't be any worse. the guys haven't sat down for more than year. .hat is what's going to happen the conversations going to be about syria or ukraine. they have competing agendas going in. there does seem to be a bit of momentum. president putin might get what he wants, the u.s. military/ russian military setting down to discuss russia's involvement in syria. brescia already has troops -- russia already has troops on the ground. , if presidentorld putin gets what he wants, he the savior coordinator of the effort to

ryan chilcote, bloomberg. central banks as it will focus on inflation before movements. the deputy governor said that the current benchmark rate of 7.5% was consistent with an inflation target of 3-5%. decided, ishave very consistent with maintaining the inflation this year and also next year. it will be maintained at that fundamental level. >> you are saying if you had to make the call now, you do not, you do not have to make it until december, the call would be not. >> i am not one to speculate because everybody will see the new data. and we will see it next month, the following month. we will see the following business. >> you do not know, it is too early. >> the central bank has always done it that way. every central-bank is always seeing that. always makeme, we improvements in policy to make it consistent and to make sure the stability of the country will be intact and it is consistent with how we want to balance things. >> is the central bank independence? erry: yes. >> there find yourself resisting pres

for more, let's bring in ryan chilcote. today managed to agree on anything? n, did they manage to agree on anything? ryan: the number of refugees that each eu country will take out of the 100,000. they did agree on quotas for 40,000. on theiled to agree remaining 120,000. they have kicked the can down the road to october 8. that's when europe's top cops all 28 of them are to get together again, unless of course the chaos that we see in europe. the eu leaders are starting to get ahead of that. they can do away with the idea of reaching unanimity. they can have a qualified majority and say no we cannot convince the czech republic and the hungarians on board. we are going to do this the tough way. we're going to abandon the idea of unity and say we've got a qualified majority. choice tolittle impose and that it there is so much disagreement. , give met responses some specifics about heat -- about how each country is reacting? ryan: hungry at the forefront. we had the prime minister saying in addition to that fence, because the refugees have been preaching -- have

let's check in on the markets with ryan chilcote. : european stocks are looking for direction from the fed. they are mostly down, but down just a tad. the euro stoxx 600 down .5%. the ftse down 3.1%. after, which was on fire the company announced it agreed to buy cablevision. at $17.7 billion deal. it shares have risen 12%. they are trading over 2%. a lot of momentum coming out of the market right there. what i really want to show you is what we care about today and that is this. what is the fed going to do? these right here are fed funds futures contracts. the next six months. on the right hand side, you have what the fed fund traders out there think the fed will lend to banks. in the month of september, for example, they think the fed will be leading to the banks at 17 basis points. 26 basis points in november. february is key. that is when the think the fed 38l be lending to banks at basis points. why is that important? the fed is targeting a rate rates. 0 and 25 basis at the moment, the actual rate is 14. so the midrange between 2

ryan chilcote with the latest. breaking news on rbs.ng at the moment saying the bank will need to take out and willosts have plenty more with mark barton. manus: exposure is over 3 billion pounds we will talk labour party conference. ♪ ♪ francine: welcome back to "the pulse." i am francine lacqua. manus: i am manus cranny. glencore shares dropped to a record in hong kong tracking the losses in london yesterday. asian stocks headed toward almost a three-year low. up nearly 9% at the bottom of your screen. francine: india's central bank cut interest rates more than expected. move was predicted by one of 52 economists in a bloomberg survey. manus: and an exclusive interview with matteo renzi, he's at the china slow down could have a 2016 outlook but the contrary can grow exports. he made clear western leaders trying to end the carnage in syria must accept a central role for russia in world affairs. francine: another -- -- russia's afor great country with a great history and future. a future without russia is a mistake. for the bank another

european markets traded, here is ryan chilcote in london. i want to talk about the bond market. look at u.k. yields down 10 basis points. german, down nearly 12 basis points. is reallylls you this a global bond rally we have going on today. x 200.s the stoc the equity market down close to 2%. this is yesterday. this is where janet yellen after the close, spoke. this is where we got the fed decision so basically in europe we had equities opening down, they continued down, and somebody decided at the end of the day it was maybe a little bit overdone. let me show you what that carnage looked like here in europe. daxraphically speaking, the down three and a half percent. only greece was up. greece up nearly 1%. look at those greek banks. hard to say they are on fire because most of these are penny stocks. alpha bank up 14.3%. why, because they are going to have an election in grace on sunday and all of the parties are promising to implement the austerity deal they agreed to back in august. not exactly what we are used to seeing in greece but that

let's bring ryan chilcote and -- in. he is focusing on the broadening out. : it is now a global story affecting all call -- carmakers. you look at the japan market, mazda is down 7.7% this morning. they just had a three-day public holiday in japan. this is the first reaction to what happened with volkswagen after the friday close in japan. getting hit, honda getting hit, even toyota, which has been moving away from diesel is getting hit. it was down 1.7%. investors are looking at these carmakers and saying, what is the risk factor? the more they have invested into diesel engines, the more they are concerned. generally some people in the market think, the more they move towards hybrid cars and electric , for example, toyota, the more they are likely to recover, maybe in the future be beneficiaries. right now the japanese are getting punished because they have in trying to keep up with a european counterparts trying to keep up here. nearly half of the car market in europe is diesel. in the united states it is 1%. japanese want to compete with european carmakers

matt: no, let's get to europe where ryan chilcote is standing by with a look at all to europe -- all. >> happy that day. kind of a mixed scene. ftse is down. the ibex 35 is up 1.5%. why? they would be a real outlier today. check out spanish banks -- on fire. both hsbc and morgan stanley said they have been punished a little bit too much by investors. we have a little bit of a relief rally going on. let me go over to the stock of the day. altice. they agreed to by cablevision, creating the fourth largest in the united states. the shares of the acquirer popped at the open this morning. they went up almost 13% and then gave up all of their gains. pretty interesting. euro is up a little bit. 0.02%. everyone is rating to see what the fed is going to do. and waiting to hear from janet yellen. that is what traders are watching. julie: of course, that is what they are watching in the u.s., as well. head of that, we are not seeing much change in the major averages. want to take a look at volatility. this is the past month for volatility. , buts been trending lower it is back to more of the hi

let's get more on their restructured planned with ryan chilcote. >> that is a lot of jobs. us is a company that had as recently as 2011 350,000 employees. aroundl is to take it to 250,000. the majority of those jobs over on the enterprise side of the business delivers high-tech to corporate. of thes the other side business weather will be job loss as well. the second thing need to know is they are not going to result in a $2.7 billion restructuring charge. the company already signaled it expected to charge about $2 billion in the found another 700,000 more in savings. jon: it's part of the -- in terms of the wider strategy how does this fit in? >> effectively you have one of the oldest technology companies in silicon valley. hewlett-packard was founded in 1939 so it is one of the oldest out there but it needs to get lean and mean and did do that it is splitting into two companies which has long been the plan and that is going to happen in november. the idea is to get the house in order before that happened so these job cuts will happen just before that so that the company s

alix: let's head over to europe where ryan chilcote stands five. nteresting day on the european equity markets. a little bit of the next but look at the footsie nearly up 2%. today put at the top airline pick by morgan stanley. one of the reasons we see it do so well today is we move on and look over at the euro which is exciting today because we just heard from mr. mario draghi. he spoke at 2:00 p.m. local time, doubtless was a short while ago and i think people thought he would be a bit more dovish than he was. the euro was up 5.5 of 1%. 1.11 range. finally, we have the charts up, let me show you folks like an because the day would not become -- folks like an -- folks like in which is a .3% today. pretty extraordinary but let's face it. take a look at the six months for this stock and it is down by more than 50%. monday and tuesday alone, killer days for the stock. it lost more than 35% of its value on those two days. it is back a little bit. ite some investors saying has been punished too much but there is an awful lot of negative news flow. the

ryan chilcote joins us from london. eust heard hans cap about potential for the porsche ceo to become the volkswagen ceo. what does your research tell you? ryan: it is possible you see amongst the people standing at the microphone, porsche controls the family estate that has the majority of the voting shares. a hand in who becomes the successor to martin winterkorn. there wereard -- challenges to martin winterkorn earlier in the year that were unsuccessful. i want to give you the perspective of shareholders today in the stock. funny enough, ever since it became clear that martin winterkorn is going to step down, when he issued the statement and now that we get that press conference from the members of the executive committee that he will step down, the shares have actually come down a bit because they have had such a great day. i think in part it is anticipation that it was going to come to this. that martin winterkorn, the boss for eight years now i've volkswagen boss of 600,000 people who has really been an entity in t

let's get to ryan chilcote. the eu has announced an investigation and you are monitoring that.tails? -- what are the details? ryan: the u.k. has followed suit after other countries saying it will retest some of the cars, because it wants to make sure that this isn't an industrywide problem. the u.k. has said that they want an eu-wide solution. car siles are -- car sales are important oin the u.k. -- they make quite a lot. the most since 2008 this year. saying, look, we are concerned because we aren't getting enough information from volkswagen. his full story on the began on friday. that they don't know whether there will be a recall. the u.s. and vw have said that they will recall cars. is mentioning that the probe will affect 720,000 cars. what does it mean for vw owners in this country, in the future? one of the interesting things is what has come out of vw dealerships in the united states overnight, where they wrote a letter to vw saying, whatever ceo fordon't can the vw north america. he was installed in january, 2014. he is one of three executives after martin winterkorn t

matt: that was bloomberg's ryan chilcote speaking with brendan greeley.g up on the "bloomberg man whoay," meet the knows chewbacca better than anyone. he built the original deathstar that was in your bedroom. the toymaker coming up on this sports -- force friday. ♪ matt: welcome back to the "bloomberg market day." i'm matt miller. prices have been key drivers of market action up and down. this isn't the oil price, this is the baker hughes crude oil rig count. is alix steel onset? oh, she's right next to me. i know that crude oil is trading down right now and it has been incredibly volatile. ag count is something i have vague sense of but you are keeping track of all the time. what was that chart and what does it tell us? oil: that was baker hughes rig count, which fell by 13 last week. it is significant because the last six weeks we have seen an increase. we saw that rally a few weeks ago and now they are taking some of those rigs off-line. matt: down 60% over the last 12 months, is this all the rigs that baker hughes has out? alix: yeah. they track all t

for more on this, let's bring in ryan chilcote. an: donald said he will make his call on thursday after he consults with all of the eu countries. what he is going to want to see is there is the framework of some kind of deal, should eu leaders get together. yesterdaykel decided that what took place on monday, they kicked the can down the road. enough, was not going to solve the problem. guess, angela merkel gets what angela merkel wants. we will find out from mr. tusk. francine: how did she become a refugee crisis hero? ryan: the germans were perceived, at least in greece, the villains, if you will, calling for more austerity, being heartless. are talking to the same greeks i was talking to. all of a sudden, last week, angela merkel is the conscious of europe. herself withsting the prime minister who has been quite strict. to be control and refugees or asylum-seekers need to apply properly and go through order points. moved to seal off some of the german border, has put members ofas the army to office duty. itshungarian has to ploy

ryan chilcote reporting from london.g up, how the federal reserve interest-rate increase various asset classes and your investments. and we will look at why the anheuser-busch merger might adversely affect the sports industry. and we will speak with federal rivlin vice chair alice who will join us for a preview of the fomc meeting this afternoon. those stories and more coming up on the bloomberg market day. on oil it is opec versus goldman sachs. the priceit expects of crude oil to rise to $80 a barrel by 2020. goldman sachs says it sees 15 years of week crude prices ahead and there's a chance oil could trade as low as $20 a barrel. so who is right? washington is jack gerard, head of the american petroleum institute, the oil industry's top lobbying firm. thank you for being with us. how can both opec and goldman could drive an oil tanker through the discrepancy in their analysis. jack: i understand, and there's a wide variety where the oil price may be not only in the short term but in the long-term. one of the things we

vonnie: ryan chilcote, thank you. vice president joe biden says he is not sure he will run for president. he spoke at a synagogue in atlanta with the was asked what it would take for him to enter the race. >> the most relevant factor in my decision is whether my family and i have the emotional energy to run. is notght think that appropriate. son beau diedden earlier this year. contempt -- kentucky county clerk kim davis is in jail after being cited for contempt of court. she vowed not to issue licenses to same-sex couples. not his one who will status is unfit federal prosecutors have laid out there case against the british trader blamed in the flash crash. he has been indicted by a grand jury in chicago. in three weeks, the u.s. will try to have him extradited from london. open, andy murray murray had to rally to make it to the third round. he left the first two sets before coming back to win in five sets. the second-seeded roger federer one his match in straight sets. those are your top headlines. i know you'll be ou

here is ryan chilcote now from london. ryan, good to speak with you.iscussion to be had about the refugee crisis and about russia moving military support to bashar al-assad's government. what will be the biggest issue for mr. putin? >> the most important issue for mr. putin is syria. it is an opportunity for him to be a player and that is as objective. if you listen to the obama administration, they are going to talk about the ukraine. ever since they agreed to meet, they have been disagreeing what they would talk about. the russians said the entire focus would be on syria and the obama administration said the top of the agenda is ukraine. for president putin, this is an opportunity to push his agenda and deflect all of the attention on russia, where russia has gotten on the defensive over the ukraine. >> we heard president putin speaking with charlie rose on "60 minutes" last night. do you expect the sanctions to be the focus when it comes to ukraine? that what president putin wants to accomplish is to get president obama on board. in time, he believe

ryan chilcote is there. good day to you. what is the mood on the ground? es it appear in the draft communiquÉ? what are people talking about china? ryan: there is no mention of china. what it is certain a topic of discussion. we just heard from the deputy governor of china's central bank in an exquisite introducing the fundamentals are fine and that china's currency is more or less stable. so, he's obviously seeking to on play some of the concerns that many of the g-20 20 countries, china aside, share. that is a big issue. i also spoke with a former chairman of sinopec, a gentle man who is the head of two of china's three biggest oil companies. and he was sort of singing from the same hymn sheet, saying the turbulence we have seen on the chinese market and what is going on with the real economy are two different things. have a listen. lasttually, especially the two weeks, you see a lot of things happen in china where -- made lots of people concerning about this. if you look into the details, the fundamentals of the economy have not changed much, but there a

the countrys open ryan chilcote joins me as we are who is thendre, ukrainian minister for infrastructurening us from brussels. thank you very much for talking to was pretty you are in brussels talking about open skies but trying to present a case for infrastructure in ukraine. isn't that a hard sell right now would you consider the violence taking place? guest: good morning. yes, one of the reasons why i am here is to discuss the open sky agreement with the european liberalize thel air market in the country and provide new safety regulations for the country but also to reformsthe substantial we are pushing through in the country. we have launched a massive reform of the sector of the industry and deregulation and the seaport area. been athe country has country of great potential for manyyears and this is the time to realize the potential to become a success story. ryan: we are selling investments and infrastructure in ukraine, what country offers the closest comparison to ukraine out there? why would i want to invest in ukraine over in that country? well, itvovarskyi: should be a composi

more, let's bring in ryan chilcote who is following the story for us. higgins has also joined us.s the chief investment officer. come to you on the migrant story. what did your it managed to agree on? meeting wasm of the to agree on a law of the distribution of the 100 60,000 refugees that are sitting in italy and greece. they agreed on how 40,000 would be district -- distributed among countries. what they fail to agree on what the other 120,000 that they were hoping to address. how to distribute them with quotas. they wanted to get consensus. they wanted unanimity among the 28 members of the european union and they got a majority to agree. they agreed that they will meet again on october the eighth which is quite a while from now. if they feel that they need to, luxembourg, which is holding the presidency of the eu right now, they have said they can't do this without unanimity. have a super majority or a qualified majority. that gets at the whole issue of unity within the european union and would be losing face for the block as a group. init of a political setback particular with

development is a completely new round, but it is -- brendan: the point i was just talking about with ryan chilcotees the pboc need to communicate better? sri-kumar: the pboc probably needs to communicate better, but it is hard to communicate. what are you going to say? we will not devalue unless we are pushed by other countries? fourbrendan, what does a real do? brendan: at that point we are no longer talking about currency war and trade, we are talking about a confidence loss in brazil. trico i agree with brendan. goes to four, it will probably exceed the lows it -- the in the fall southern hemisphere, in the spring of 2002. if you go beyond that and look at the other countries -- the vietnam dong and the korean won, the japanese yen -- what mr. druggie did yesterday is suggest aghi didt mr. dr yesterday, that is a currency war. tom: is jenny yellen in a currency war? sri-kumar: she is not. tom: we could go for six hours. we should do a nonstop show. we are stopping all commercials to go to 12 noon with sri-kumar. brendan: today is friday, which means if you do not already know, sales are startin

i want to bring in ryan chilcote right now who joins us from london. that was the preamble to the big speech later on today. a meeting between president obama and the russian president. we still do not know who exactly requested this meeting. the russian side is pushing back the firstut it is face-to-face meeting between the two leaders in years. what can you tell us about what he wants to accomplish from this? obama's work is only half done. what president clinton wants is to talk about syria. he was to talk about his illusion for syria. he has troops on the ground. in so doing he wants to deflect some of the criticism that has been leveled against russia for its actions in ukraine. repeatrd president obama that the annexation of crimea, which is part of ukraine and legal a -- is illegal. there was also ruthven speech for some kind of deal with russia. all eyes on this meeting. there are spinning in more than one year. the russians have been talking to the syrian government, the iraqis, the iranians. expect a very detailed discussion of exactly what p