shanghai is the "head of the dragon."t will serve to promote reform in the inland parts of china and those areas along the chang jiang river valley, opening them up to the outside world. shanghai's growth and expansion is a srce of great pride and excitement for china. it sort of says "we can do it." okay, we havchinese that are smart enough, that are clever enough, that are competitive enough that we can become the dragon's head that leads us. narrator: so shanghai builds on its historical geography as a strategic natural port, sometimes occupied by colonial rulers. more recently, market reforms and foreign investment helped create a global business center. rapid economic growth has reshaped the city's urban geography. as china modernizes, geographers see three major disparities among places here. the first is the uneven development between e wealier coastal provinces and the st, undeeveloped interior. we will look at the village of sijia, which has contact with both regions. it is located on china's most important trans

spotlight is next with host al gore now talking to the russian president's special envoy to the shanghai cooperation organization about its goals ten years since its formation. hello again the wall come to party like the palm pilots and i'll bring all the old flame i guess. the shanghai cooperation organization is holding a joint anti-terrorist texts the preparation well except one thing is fact refused to take part in the loop the other part of you say it's all right but analysts suppose it may be a sign of crises they see i was going through which in turn makes the member states search for a different operation not. it's been over a decade since the party with founded but it's still unclear whether it's the military and economic or whatever. so what's the organization's goals and how this is going to develop in the future we're asking the russian president's special envoy to the c.e.o. . must. after almost all of russia's east european neighbors joy nato the country turn to asia in search for allies as a result of the shanghai cooperation organization or. that she feels why the new int

the shanghai cooperation organization is holding a joint anti-terrorist threats to the preparations. one thing that refused to take part in the news. the other do say it's all right but analysts suppose it may be a sign. see i was going through which in turn makes the member states search for different operations. it's been over a decade since the body with found it but it's still unclear whether it's a military and economic or whatever part so what's the organization is go and how this is going to develop in the future we're asking the russian president's special envoy for the c.e.o. . after almost all of russia's east european neighbors joining nato the country turned to asia and search for allies as a result of the shanghai cooperation organization or was founded in two thousand and one the new international body united china has a stop to kurdistan and russia. was initially given a cold shoulder by the west things changed after obama became us president that was when nato started seeking the assistance. normalizing the situation in afghanistan all of the c.e.o. countries based te

the shanghai cooperation organization is holding a joint anti-terrorist texts just the preparation you get as well except one thing is fact refused to take part in the middle. the other part you say it's all right that analysts suppose it may be a sign of a crises the s.c.l. is going through which in turn makes the member states search for a different operation not. as being over a decade since the party with founded but it's still unclear whether it's a military and economic or whatever package so what's the organization's goals and how this is going to develop in the future we're asking the russian president's special envoy to the c.e.o. can you must. after almost all of russia's east european neighbors join nato the country turned to asia in search for allies as a result of the shanghai cooperation organization or asio was that she felt one of the new international body uniting china has of stopping the kurdistan russia and make a stand was initially given the cold shoulder by the west things changed after obama became us president that was when nato started seeking the s e o's assi

other major cities, like shanghai, are expected to adopt similar rules. our correspondent in beijing, martin patience, explains why the government had introduced the rules. >> part of the reason is that microblogs have been a huge success story in china. there's more than 3300 million users. most of them talk about what they had for dinner, what their dog's doing. but some do engage in revealing scandal or criticizing the authorities. so this is seen as an attempt by the authorities who say that unfounded rumors -- that's how they put it -- spread on these accounts, could trigger social unrest. that's why they say these measures are being enforced. but i think critics will see this as an attempt by the authorities to try and restrict freedom of speech. >> yeah, i noted one economist, in fact, was saying despite 30 years of reform, there's less and less room for discussion pushing reform forward. this is a national tragedy. and yet there's also a suggestion this is good news in advertising, a business move. >> well, that's right, because obviously if you g

. >>> beth, i got a police of a police chase to show you from suburban shanghai in china. but i got to warn you -- it is not exactly high speed. i feel like the folks in china, the chasers and chasees may need to brush up on some old steve mcqueen movies. this is a motorcycle cop after him. he first pulls in to the wrong lane of traffic. so he gets stopped by cars coming in the opposite direction. the suv decides to make a three-point turn. >> ait, he's frt of the cop? what were they going to do? it's not like the car's got adl physically pull it to a stop. >> but jump off your bike maybe, get your gun out, shoot out the tires? don't allow the guy to do a three-point turn into two lanes of traffic. right here he bumps into a gate but fails to realize the other part of the gate is open. the police are after him again. he busts through another gate. driver gets out and runs. the passenger just stays in the car and waits. in their defense -- a lot of people take bikes an public transportation but more people are driving cars now in cities like shanghai. maybe they're just not

narrator: but the move to shanghai is not just about selling computers.'s about an opportunity presented by something geographer hsu calls the "interface region." "interface region" means... okay, means we have... silicon valley is a socioeconomic space, and china is another one. okay, and taiwan just overlapped these two regions. narrator: in this triangular space connecting silicon valley, taiwan and china lies the prospect of a mutually beneficial exchange of ideas and know-how. and taiwanese firms are uniquely qualified to facilitate that exchange. hsu: we have a long experience of business transaction with silicon valley, and we know the lure of the market, lure about how to run a high-tech business. we learned from silicon valley. and we have so dense social network in the technical community between these two regions, silicon valley and taiwan. we know china's market much better than those western companies. so i think, for taiwan, the way we can play is to play as an agent between the silicon valley firm technology and the china market-- try to co

the passenger's pence today's stock alaska and true to shanghai. united airlines diverted flight 857 to encourage three hours after takeoff from sfo because of broken bathrooms. first-class business class and is all the economy class is the working. >>> and i say the passengers boarded different plain bad about one's cooling fan wasn't working. cell they stepped off the plane and spent another night in alaska. if on the departed for shanghai today united offer the traveler's hotel rooms meal vouchers and refunds. >>> a bay area man was i caribbean cruise when armed police to come off the ship and arrested him his one of two men that is in custody after the boats pulled into port in the dominican republic caribbean country's most notably to make that have a reputation of intolerance as elizabeth cook explains. it's spring break, but for its human this dream crews turned into a nightmare. >>> i was outraged and shocked. jonathan kline of san francisco's new voyager travel company that organizes the cruises says he had leased 20 clients on the cruise

just to give you an idea, shanghai up. when we get to wen's comments on no help for the property market in china, property prices still too high, we saw that big tank. that's what happened in hong kong. we got a dip towards the end of the session, nina, following on from what the shanghai markets were doing. certainly no joy from premiere wen for the chinese investment community. >>> yeah, indeed. andrew, let's hone in when we were talking about the bank stress test before. now 15 major u.s. lenders can breathe something of a sigh of relief today as their stress test successes have paved the way for dividend pairs and also share buy backs. all of that is being greeted positively by the investor communities. four other banks, including citigroup, for those guys it's not such a positive picture at all. felecia taylor has told us how they've reacted. >> market soared 100 points on word that jpmorgan not only passed the federal reserve stress test but was increasing ilts dividend by a nickel and a stock buy back of $15 billion

shanghai company owns 1% of general motors. let's talk about shanghai. will that 1% share could be increased so there is more cross ownership with china? >> well, they bought -- to be clear, they bought $500 million. i'm in the sure that is 1%. we own -- we are in a joint venture with shanghai auto. we are proud of that. we have been gaining market share. >> and record sales in china. >> yup. just like here. everything's not great at general motors. we have our issues. and what not. it is a complicated business. in asia and china and specifically, we are doing well. we are the largest marketshare. we're putting the same press on there and their government is hand in glove with their manufacturers just like here to try to get us to be cleaner and more efficient and we're working diligently to do it in china as well as here. >> let's have the first audience question. >> hi. great conversation. as founder of a gas roots organization called don't be fueled, i get a lot of questions about earlier the hybrid car and now the electric car from a lot as you might

snake bitten twice we're talking about a united airlines flights leaving sfo on sunday headed to shanghai about three hours into flights discover that they had problems with all three restrooms the board so they weren't working said had to reverse to encourage alaska meanwhile united said the second aircraft the next day and that aircraft had technical problems all the lights went out and once again disabled all three restrooms. this was among the very frustrated passengers. >>> sell all the three cavan's is all working. did with the captain came on to the speaker and said were having problems. so much time problems. >>> set to make matters worse each time the passengers on united airlines flight 857 were made to wait and the plane and tarmac for hours and then once

obviously such a key export market for shanghai. remember shanghai was down yesterday when everyone else was up. so it's continuing on its path. these other markets taking back a few of their gains yesterday. the nikkei down by .75% as was hong kong and also australia. i do want to focus on one interesting piece of corporate news and big moves on the stock as a start. the taiwan owner of the apple supplier foxcon is taking anbig stake in the electronics company sharp. they're putting $5 billion in the struggling japanese tv maker. they'll get a 46.5% stake in sharp products. that's a joint venture between sharp and sony. take a look at this. this is the share price of hon hai, performing very well in taiwan, getting up to the may high from last year. 4% gain, not too shabby at all. it was up to 6.5% at one stage. hon hai is good, but look at this. sharp corporation, really in the doldrums, getting a big, big hop today. 15.1%. the company is forecasting a $4 billion loss for the year, and its shares have been down 35% over the last 1

they took off from shanghai but they were diverted two hours in flight.nce they were there they handed out hotel vouchers. united also had problems, passengers finally took off for shanghai yesterday. >>> the investigations into last year's accidents are still not finished. they still need approval and if they don't get the necessary approval they plan to hold an air show and hold attribute to victims of the -- a tribute to the victims of the crash. >>> as of early this morning there are no reports of death and fewer injuries in yesterday's quake. you are looking at some of the damage as people poured out into the streets. then yesterday we were there talking to passengers who went home after experiencing the earthquake. >> i was pretty shocked to hear the magnitude of the earthquake. >> they said while big it was not very strong which is why injuries have been minimal. >>> the white house is confirming malia obama was not injured. she is on a class trip for spring break. she was 100 miles from the epicenter and was never in any danger. >>> republican pre

she'd been an actress in shanghai, very pretty in her youth, and had made her ways up to the hills of the communist in the late '30s and had attracted mao's attention and he had fallen for her and divorced his other wife, his wife at the time, and his senior colleagues had said to him, this was the nature of the chinese communist party, we'll only give you permission to divorce your wife and marry this pretty actress in shanghai as long as she stays out of politics, and mao accepted the deal, but his wife resented it bitterly. when mao wanted to start the cultural revolution, the bizarre event which turned china upside down and led to him attacking his own communist party, she became his right-hand woman. when she was tried, she shouted out this famous thing, i was chairman maos dmao's dog, and w he told me to bite, i bit. and she used the revolution to slight people, people who knew too many details about some of her sort of perhaps less savory goings-on when she was young, she had affairs, she may have possibly worked for the nationalists at one point or the police, anyway a lot of

the governnt launcd the taxes on fixed assets in shanghai ahoqi last year to stem speculative real estate buying. finance minister said on thursday that the property tax is working. >> translator: the tax is helping to stabilize the housing markets. so we want to expand the area adopting the system after fuhecoidation and amendment. >> the numberf real estate deals plungedectl after the government tightened money policy and regulations on mortgage loans. the action triggered a slew of baruci angeaeste brokers. analysts warn, however sh that widening the property tax will cause real estate prices to nosedi. meeath t untry's housing bubble will burst. >>> new figures show that brazil's economy dramatically ow dn in 2011. that's in the wake of europe's sovereign debt crisis. brazil's gd grew just 2.7% in 2011, down from 7.5% the year before. the brazilian itite o geography and statistics announced the figures on tuesday noting that the economy marked year on year expansion in the fourth quarter. analysts blamed the slowdown on europe'seb csind the depression yags of the currency the real. fu

the frenchman has arrived at shanghai.s our correspondent reports, there are high hopes he'll bring a renewed interest to a leaked badly tainted by bribery and corruption scandals. >> if nothing else, the signing is proof that there is money in china. >> can you spare a few words? >> he is remaining typically tight-lipped. reports suggest he is getting $300,000 a week. his arrival offers hope of a brighter future. last month, china's best known referee was jailed for 5.5 years for his part in a match fixing scandal. 40 officials, managers, coaches were sentenced with them. big-name signings men to invigorate the chinese football, but it does not matter how big the for an upstart, at the scandal has made this game a laughingstock. this is a former player for shanghai, as well as the national team. he now runs a training school. >> nobody wants to see this game anymore because they think all the results are fake. all the parents are not willing to bring the kids. it is very dangerous. >> china's success in cleanup its footba

shanghai, though, sliding, down to its lowest level in nearly a month.hat seems to be continuing to push shanghai down, at least, is comments coming from the premier, wen jiabao, yesterday, who said categorically that probably prices were still too high and regulations would remain in place on the mainland chinese property market. now, dropping foreign investment is also increasing concern of the rate of the slowdown in the world's second biggest economy. notice the nikkei there up by 0.75%. that was really continuing story about the weakening yen. but let's get back to china now, because certainly in china's year of transition, one man tipped to rise to the upper tier of politics is knocked off his letter. he was hailed by many for his work of cleaning up the main streets of chongquing, one of china's biggest cities, but the communist party dumped him as regional chief, according to the xinhua news agency. bo's dismissal follows where he and a partner in crime-fighting, the police boss, allegedly tried to defect to the u.s. that focused unwanted attenti

bathrooms are just the beginning of a flight at sfo passengers and today is that alaska enroute to shanghai united airlines every flight 857 to encourage three hours after takeoff from sfo because of a lack of bathrooms. >>> first-class business caugh site at to economy class is broken the next day passengers boarded a different plane but that one's cooling fan wasn't working so they stepped off the plane and spent another night in alaska and they finally departed for shanghai today and united are the traveler's hotel rooms, meal vouchers and refunds. a bay area man was on a caribbean cruise when armed police took him off the cheap shot and arrested him his one of two men in custody after the boats pulled into port and demanded that many countries most nobly jamaica have the reputation of intolerance. allows the cup explains. it's spring break but for two men this dream crews turned into a nightmare. did we ever shocked and outraged. it's john decline of eight travel company that organizes gay cruises says he at least 20 clients on a cruise to the minute that. >>> the fact is that gay peopl

cooling down to 8 degrees in shanghai. tokyo, again, 14 degrees, but it will drop to 9 degrees tomorrow. heading over to the american express, it's mostly dry and warm in the east. however, stormy and very cool in the west, and in between these areas, very strong winds are blowing and red flag warnings have been posted for much of the southern half of the u.s., particularly dry in parts of texas and new mexico. the risk of wildfires are dangerously high here. meanwhile, a low pressure system continues to track eastward over the u.s., canada border, spreading widespread snow showers here. up to 20 centimeters in manitoba in the next 24 hours. a system is moving over the rockies producing winter storm conditions. behind the storm, there's very cold air, that will continue to move southeastward, pushing down temperatures. so on your wednesday, cooling down to 2 degrees in denver, which is about 18 degrees lower than what we saw on tuesday. but still warm in the east. getting up to 16 degrees in chicago, 13 in toronto, and 17

we have shanghai up about 0.25%. the nikkei has been on a tear. and it's very much the exporters who are driving the nikkei higher. just a quick piece of news, sales at south korean department stores were up by 3% almost in february, of a 4.1% drop in january. that's an interesting reflection, since south korea is so independent on exports. >>> today's gains in asia are lending more support to what the imf chief, christine lagarde said on sunday. in a the world economy has, quote, stepped back from the bring. at a speech in the chinese capital, she said positive news from the united states and europe, is brightening the outlook. and we've been following this. randy? >> christine lagarde had very strong words of praise for china, for pulling no less than half of its people out of poverty in the past few decades. one eye was firmly on china's future growth because a slowdown in the world's second-biggest economy, would have impacted the region, as well as the world. and lagarde said she had three priorities to see that china keeps it up. >> we think

the heaviest showers could be just south of shanghai. and the winds will be cranking up, too. eastern coast of china will be looking at high waves. please be aware of that. inland china will see some mountain snow as well as showers in the valleys. and indochina peninsula, wide spread scattered showers will be popping up. even isolated thunderstorms, gale, gusts, and also some large hail could be possibility here in southern thailand. taking a look at your temperatures, well, bangkok is going to be hot and hazy here at 35 degrees. hong kong will be a bit foggy in the morning hours at 19. seoul just seven degrees. and tokyo, ten degrees for the thursday high. all right. let's head over to the americas. things are going to be much messier as we progress in towards the week. we have a few system that will be just sweeping across much of the eastern portions of the united states. here in canada, also, ontario all of the way to quebec, those are going to be blowing snow and snow could be piling up a lot in the mountainous areas. and in the great lakes region we'll have an intense c

. >>> stranded 13 hour flight from is -- from san francisco to shanghai that turned into 3q every dayage of 5,000 people switch from cascade to finish dishwasher detergent. that's about 150,000 a month - over 2 million people so far. with finish quantum you get incredibly clean, sparkling dishes without having to rinse them first. now see for yourself why millions have switched to finish. join the finish revolution. and for two years in a row, finish quantum was rated #1 by a leading consumer publication. that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. mom, we're dying. no you're not, you're just hungry. make some totino's pizza rolls. we don't have any! front... left, totino's. [ male announcer ] well done mom! less drama, more fun! totino's pizza rolls. >>> good morning. let's take a live look outside. looking across the bay into oakland you can see it is dry now for the bay area. that rain still north of us. sprinkles coming our way with r

the only market that finished up was in fact shanghai. it came down in the morning session, down to a one-month low but popped in the afternoon trade. energy companies suffering pretty much around the region as oil prices fell. in japan, you'll see the nikkei off by 0.5%. exporters reacting to a poor trading day in europe yesterday. sony down by 4.5%. been a volatile stock of late, sony. nina? >> andrew, stocks have been up and down over the recent weeks. crude oil has been going basically in one single direction and that is north. thanks to ongoing concerns about sanctions on iran as you can see, prices today, though, leveling off a little bit on the back of news that saudi arabia and libya are now starting to help fill the gap in the market that's been left by sanctions on iranian crude. brent crude for may delivery is currently trading down a little as you can see, just shy of $125 a barrel. currently trading at 124.22 at the moment. that's down by $1.30 on the barrel. remember, obviously north sea brent is the one that's most reactive

this group of 30 is from shanghai.ay it's sledding, tomorrow tokyo for more sight seeing and shopping. i'm here because i like japanese fashion and culture, she says. and while this young couple canceled their trip last year following the earthquake and tsunami, now they're here on their honeymoon. it's stories like these that are welcome news to the japanese tourism industry, which saw the number of visitors plunge by at least 50% in the middle of last year, after the events of march 11th. but now the rebound is under way, despite japan's soaring currency. in the fashionable district of ginza at this high-end department store, the number of international shoppers isn't only up, according to the manager, that part of the business is actually better than before the disaster. when 50% of those visitors are chinese, the store is mindful of the products that catch their eye, whether it's a brand of make-up or a type of cuisine. the tourism pitch goes beyond japan's borders. almost to the vibrant japan exhibition in beijing

allegedly assaulting a supportive during a tense playoff match between the beijing ducks and the shanghai brave dragons where you're watching a game number four in the best of five series a very tight of crap throughout the entire game but one that spiraled out of control in the final quarter a selection of the referee's decisions making the home crowd a little agitated to say the least shanghai eventually winning one hundred two one hundred eleven the series it will but when the game was over one of the brave dragons fans accused peterson marbury of putting him on the head the former new york knicks denies the accusations calling them a one hundred percent laurie. i'm finally out again week thirty four in the russian premier league it's as you were in the championship group as all four matches ended in a draw the top eight only managed to score four goals altogether the other nine were all scored in the relegation group and here they all are in goals below. al. al. limit if al. qaida. alex alex . alex to eat . thanks. as always that's all the school for more in a little under two hours t

john sudworth, bbc news, shanghai. >> britain's prime minister, david cameron, has revealed that stalking is to be made a specific criminal offense in england and wales. he's revealed that stalking is to be made a specific criminal offense on the basis of having met stalking victims. he'll be meeting more at number 10 in a reception to mark international women's day. he describes stalking itself as an abhorrent crime which makes life a living hell for the victims. green elizabeth begins a tour of the u.k. today, her first stop is the english midlands, and this is just the beginning of a four-month journey around the country to celebrate her diamond jubilee. >> this is a scene that will be replicated across the u.k. over the next few months, a clear sign the queen is on her way and another jubilee tour is beginning. >> here she is again, a steady queen with a ready smile. i mean, you know, this vehicle has been on the road for 60 years, yet still seems to be running smoothly. >> the royal party's first stop will be university, where students have been designing shoes fit for a queen, a fut

♪ when your chain of supplyt goes from here to shanghai,. from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ ♪ keep me searchin' for a heart of gold ♪ ♪ and i'm gettin' old >>> i'm julia boorstin in los angeles with breaking news on scholastic. the children's book publisher's stock soaring to a nine-year high. scholastic shares higher on the news that its earnings and outlook are improved, thanks in large part for "the hunger games" the popular book trilogy. sales have spiked ahead of the movie that's opening next week. scholastic also publishing the harry potter book series here in the united states. >> a echad of a move. thank you very much, julia. >>> meantime, gold futures trading up about six bucks this morning. the precious metal has been falling in the aftermath of the fed meeting. for more, let's bring in dan fitzpatrick, joining us from irvine, california. good morning. >> nice to see you, carl.

they construct -- they manufacture them in charlotte, shanghai and berlin. the charlotte plant's the most efficient plant. now, we pay more in the united states than shanghai already but there's greater automation. you know. there's many ways we're still very competitive. they did not have to add 400,000 square feet in charlotte, they could have done it in china, they could have done it in brazil. they didn't. they did it here. >> let me just ask one last question. michael behind, who i think was here, i wrote a new york types piece awhile back saying our message to the world given our immigration policy was give us your brawn, not your brains. secret of the success for the united states has been the brain drain for the rest of the world. they went back, took part of the dna, if not they were innovative. yooure a u.s. government official but take that hat off. do you think our immigration policies need to be rethought given the fact that we do bring in so many smart, talented peop, them, then kick them into other countries that are picking the champions thes

i was going to shanghai for a modeling competition! i did nothing wrong! tell them, lady!cases. just people lose their temper, and when you're flying at 36,000 feet, it becomes a safety issue. >> all i did was try to comfort my sister. >>> coming up -- three deer go out for a beer. >> i ran, trying to hold my pants up the whole time. >> while out west, a herd of cattle with a mind of its own. >> a number of the steers decided to take a right-hand turn when they should have gone straight. >> when "caught on camera: customers gone wild" returns. [ degeneres ] what's more beautiful than a covergirl? two covergirls. that's right. get two miracles in one product. covergirl makeup... and olay advanced hydrating serum. it's new tone rehab 2-in-1 foundation. one pump... covers spots, lines... and wrinkles. and one bottle helps improve skin tone over time. that's what i was supposed to say now. well, no one can understand you. ♪ new tone rehab 2-in-1 foundation from [ babbling ] ...covergirl. that's what i'm talking about. see? what did you just say? i'm looking for some "beeza-bee

. ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boardsthere track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ >>> well, you could call them the i band. a band from astone ya uses the ipad instead of instruments. the band is called orange in es tone yan. apple is down by the way with the rest of the market. >> okay. our investigating in america series is revving up with a look at hog, harley davidson to you. it's down a bit today but up about 24% year-to-date. trading at its highest level since 2007 at 48 and change. the motorcycle maker gets 75% of its revenues from north america. but can they keep the motor running? jane wells is here with the answer. jane. >> hi, mandy. i'm at barger harley davidson here in the los angeles san fernando valley. this is a new retro look that harley is doing well with. there are a few brands as american as harley david as you said 71% of sales come from the old u.s. of a. and th

the way that shanghai is throwing up all the office buildings, the fact that capitalists are join the communist party. that was antithetical to everything they thought was important. kissinger said at the time in the negotiations, he said to li, the state department is going to insist on me putting something in the communique in what we've talked about about trade and cultural exchanges. he said you and i know that will never amount to anything. one of the few times perhaps dr. kissinger was wrong. nixon lived to see at least the beginnings of it. nixon lived on until the 1990s and he was very pleased by it. he said on one of his last trichs trich s trips to china, i'd like to think i've helped make it possible, the extraordinary burgeoning of the chinese economy. whether he'd be pleased by the trade imbalance and whether so much american debt is held by china, i don't know. it can be seen as a real weakness or point of vulner ability for the united states, but on the other hand the fact that china holds so much american debt means they want to maintain a good relationship with the un

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stocks in shanghai are sitting at 10-weak lows. the shanghai composite had reported earnings.hat's 3.5% below expectations. there's a continuing concern about corporate profits in china, a slowdown there and what is already priced and what might not be -- >> 4% on the shanghai market in two sessions. >> yes. >> it is those mines in the oil company. >> yesterday, the worst day since september. second half profits were down 18% and all the losers, you just mentioned were the ones that led the down ward action yesterday. >> and what is not helping also is the natgas trade. we're going to get inventory numbers today, but natgas clo closing at a decade low. that's puts pressure on the stocks as the coal continues so they're feeling not only the slowdown potentially in china but also the switch here, natural switch to natural gasaway from coal. >> to carl's point, materials they were a leading sector on the rally we've had through the first quarter. if you lose that leadership do, you have to replace it with something else, and if so what will that be to sustain the market? >> it's

shanghai did terrible for a while but down 2.6%. this is the global commodity play, the global growth play. we had a couple firms out this morning, societe generale talking about growth in china this year. bigger copper company reporting declines. durable goods were disappointing didn't pick up from january's decline. that's an issue. there's another thing going on. besides the global slowdown, we're reaching the end of the quarter. a lot of pensions have quarterly rebalancing. if stocks have gone up 12% this month or this quarter with bonds flat to down, that means they've got to sell stocks and buy bonds to get back to say a 60/40 balance. that may be a factor. very tricky to call this. nobody putting out press releases about what they're buying and selling in the pension funds, but clearly that's an issue here. the i shares versus bond funds. s&p 500 and biggest bond fund out there. basically flat to down. that's what i mean about the rebalancing going on. a lot of speculation about when if anything all these people in bond funds

b, is this not a sign of a presidency shanghaied by an intractable congress?is, right? i would think this is what you have to do, having said that you take shots from a guy like this who's going to say he should be doing work as opposed to raising money and sort of i'm going to slap this one hand and by the way i'll have my other hand out depending who's on the other side of giving the dollars. that's the fundamental political issue. >> i think he's been shanghaied by axlerod an essentially no more getting things done for the country, we have to get elected. >>> the war on women's reproductive rights moves to the volunteer state. we will tell you about the tennessee state legislature's latest moe latest measure. [ tom ] we invented the turbine business right here in schenectady. without the stuff that we make here, you wouldn't be able to walk in your house and flip on your lights. [ brad ] at ge we build turbines that power the world. they go into power plants which take some form of energy, harness it, and turn it into more efficient electricity. [ ron ] whe

trying to crash the shanghai or beijing markets. east doesn't meet west in that group to drudge up the old troy atkin campaign. the banks faired terrifically all day. how about the restaurants? they don't serve panera's asian chicken salad, so panera was lead shielded. you can't find a chile's in china or the olive garden. the parent company both edged up nicely. and as much as the chinese want to shop at a home depot or lowe's or cost co, these are american plays. they have overseas exposure, but just as a stock like cummins trades in china, costco trades off usa. how about amazon? $6.81. americans apple pie. of course, anybody who makes apple pie would be destroyed by amazon. this is a market where the negatives are sequestered by the positives. trying to slow? then let's buy american. the china slowing story is going to be with us for some time because the chinese are desperately afraid of inflation. the secular build out of the western part of the country will continue. that's going to give the people some public hyper growth fo