. >>> plus call it a shanghai surprise. the chinese stock market has its best one-day rally in three years. so are coal stocks not far behind? co-and carter think so. they're explain. >>> why are all those traders going yahoo for yahoo! calls. kol scott nations reveals. the action starts now. >>> back in the heart of new york city's time square. stocks closing at the lows of the day. the culprit is a familiar name, apple. the stock has now lost 27% of its value in just three months. it hit a ten-month low today, closing near the lows of the session. what is the next stop for america's favorite stock? let's get in the money. dan, this has to be more than tax selling at this point? >> we've been talking about it for weeks, almost month. really since september 21st when they introduced the iphone 5. at some point it had to do with people booking profits. we saw a trade out of big year-to-date rim mers. this is a story in and of itself. throw a dart this week for the reasons why it's going down. a lot has to do with the self fu

. >> we call that another shanghai surprise today. it surged to add a four-month high on heavy volumes. this is the index's daily gain here. some revving up of expectations ahead of the central economic meeting this weekend where leaders will set a new tone for next year's policy direction. there's speculation of state backed institutional buying and a better early pmi reading from hsbc. that showed china's factory activity climbed to a 14-month high. it's the fifth straight monthly gain with new orders to a 19-month high and stronger job snaps, as well. on the markets, infrastructure placed the top gainers. hope for beijing's urban growth plan. financials soared on cheap valuations. shares in hong kong got a modest lift, ending higher by .7%. petrochina ended 1.3% higher. in japan's, the tankan pure say might have put more pressure on the boj to raise rates next week. sharp shares gained nearly 8% today and it has chalked up a more than 50% rise on short covering. >> the aussie market ended flat around its 17-month high. the index se

another shanghai surprise. beijing's leadership calls for economic stability and some business growth. >>> more austerity for britain that faces further spending cuts. chancellor george osborne getting ready to face his autumn statement. it's had a number of approaches enter sbred -- interested in buying the venture. >> you're watching "worldwide exchange." >> the final serves as pmi better than the familiar number. the 45.7 was a tick-up from october. the final composite pmi is also higher. 46.5 to 45.8 flash as well, the highest since july. so the economic slump a little less pronounced in november than previously thought, although the session still looks very much on course for another quarter here for europe. the pmi will rise above 50 that divides growth between contraction. hasn't stopped the euro/dollar from hitting a one and a half month high. i suppose we know growth is going to be anemic, but if spanish banks are getting some money, are we feeling slightly better? >> that's what euro trades on, isn't

over the cliff shanghai. i think i have said enough. roll it, please.ight reel. >> i am not saying everything was done perfectly. we are on the right track. >> he needs someone to blame. he had bush in his first term. now, he has the fiscal cliff. >> he never ran on cutting the deficit. he talks about it, but it has never been a central part of his plan. stuart: how long can we do this for? >> the government gets to kick this can down the road. stuart: please, can we go back to shanghai? i am lightly informed that there is something going on. yes. okay. thank you very much, indeed. the new year has arrived in shanghai. let's just watch it for a second, shall we, david? that is live. if you are an american and you live in shanghai, but you just died, you are in deep trouble because the new estate tax has just goneo

so destitute that he made his way to shanghai in a mix of men and women's castoff clothing. in shanghai he obtained a passport, a document that the league of nations have begun to issue to stateless refugees, initially russian, in 1922, a first dip in the development of international refugee law and policy, the international office of refugees would when that 1938 peace prize. a year and to rally members of the non bolshevik russian diaspore and wasted they could do something akin to lembergs inspiring recent flight across the atlantic. in 1928 he decided it was up to him to do a proudly tatterdemalion, go round the world alone by bicycle. luckily did not have to do that and departed shanghai on a battered second-hand bicycle been upgraded to a new bicycle in bangkok in in a battered second-hand motorcycle in singapore. a benefactor gave him a brand new aerial motorcycle was a letter that guaranteed assistance. he think the worldwide services of the ymca, shell oil, and the firestone company and depended on the global availability of gasoline, oil, and food. the array of goo

temperature-wise shanghai at 17 degrees. really warm out there, but a different story in other regions. some of the regions in inner mongolia have seen minus 30 this morning temperature-wise. in tokyo we're looking at 12 degrees. over towards the americas still things are very messy across much of the southwest. this is due to this winter storm system, and it is going to be a very heavy snowmaker. that will be moving into the four corners. welcoming rain will perhaps be in the phoenix region, but the mountainside will perhaps see about 30 centimeters of snowfall in nevada and new mexico. colorado, you may see more than that, and southern california you'll still see those rain but higher elevations will possibly pack up 5 centimeters of snowfall. across much of the southeast, things are looking very clear and the temperatures are rising here in chicago. that's well above your average. in fact, people in chicago actually broke the record for the longest stretch with no measurable snowfall. you haven't seen snow since rch 4 lt

. >> en shanghai se formo este femomeno. >> y un hombre dispara en un centro comercial la policía detiene

take a look at the numbers for you plus video of an aquarium full of sharks bursting at a mall in shanghai>>> all right, there is a live look at your big board this morning, the dow is down only about 32 points, stocks moving up and down as this fiscal crisis continues, the markets dipped this morning after senate majority leader harry reid said a deal may not be reached, they recovered after the house announced they will reconvene, expect more of that because of that. >>> this morning the labor department reported a better than expected report on the number of jobless claims, 350,000 people filed for first time unemployment benefits last week, down 12,000 from the week br. but the decline may be exaggerated by the christmas holiday because government offices were closed monday and tuesday. >>> 16 people were injured after a shark filled aquarium burst at a 1407ing mall u in shanghai, check out this video, there it goes, it captured the moment when that 33 tonya aquarium shattered, it burst without warning last week, sending glass and fishing flying into that crowd, several bystanders suff

the aussie dollar is roughly flat after the shanghai composite closed lower. now, the imf has suggested france should give itself more leeway to meet deficit targets. the fund's mission chief, edward gardener, said the country's target of 3% gdp was less pressing than cutting excess from public finances. the imf warned against more tax hikes, warning these could further restrict french economic growth. >>> and speaking exclusively to nbc, the ceo of alcatel-lucent says he expects french companies to continue to battle head winds. >> we will improve on structural inners, for sure. if you take a european approach, you certainly will see some of the benefits of the structural improvement that we made. but if you look two feet on the ground, i think 20 is 13 will not be substantially better than 2012. >> what about your business? >> i think what you saw in 2012 was that the u.s. market was very strong. europe was weak. china was very weak. and i think that if you look to 2013, the u.s. will stay strong. i think europe will stay where it was in 2012 and i think tha

so destitute that he made his way to shanghai overland in a mix of men and women cast off clothing. in shanghai he obtained a passport, a document that the league of nations had begun to issue the stateless refugees in 1922. a first in the development of international refugee law and policy. soboleff yearned to rally members of the non-bolshevik russian diaspora and he wished russians to do something akin to lindens recent flight across the land but in a july, soboleff decided it was up to him to do a proudly pattered canadian equivalent to go around the world alone by bicycle. likely he didn't have to do that actually. he departed shanghai on a battered secondhand bicycle, but then upgraded to a new bicycle in bangkok, then to a battered secondhand motorcycle in singapore. a benefactor gave him a brand-new aerial motorcycle in karachi, guaranteed parts and systems from aerial offices around the world. soboleff and his publisher can also think the worldwide services of the ymca, shell oil and the firestone company, and he depend on global availability of gasoline, oil and food. the

so destitute he made his way to shanghai, overhand and a mix of men and women in cast off slothing. he obtained a passport. a document that the league of nations had begun to issue to stateless refugees initially russians in 1922, a first step in the development of international refugee law and policy. the international office of you are fuji in 1938. he yearned to rally members of the non-- and wished he could do something akin to lindberg's recent flight across the atlantic. 1928 he decided it was up to him too a tattered equivalent to go around the world alone by bicycle. luckily he didn't have to do that actually. he departed shanghai on a battered secondhand bicycle but then upgraded to a new bicycle in ban cook and a battered secondhand motorcycle. it gave a new motorcycle and a letter that guaranteed assistance from area offices around the world. the publish account thanked the worldwide services of the ymca, shell oil, and the fire stone company. he dependented on the goal availability of gasoline, oil, and tin food. the array much industrial good and services that were now

moving on the tote greater chinese markets, the shanghai comp continued to gain. it has been on quite the rally throughout december rising about 9%. keep in mind, though, that this is a government orchestrated rally. we saw that huge surge on friday, more than 4%. it continued today gaining more than .5% and it has cut down the losses that mainland equities have seen this year. however, i wouldn't hold my breath. we have seen this many times in the past. and it has not losted. meanwhile, we did have the hang se seng, though, the shanghai comp failed to lift this index up, down about .4%. in this market, we had chinese sportsmaker li ning in focus. this is the chinese version of nike of adidas. it warned it would take a hit in 2012. the asx the 200 was easing from a fiscal high. finishing at 4,573. the sensex in india saved off about .4%. we have an interest rate decision from the reserve bank of india tomorrow. abdomen lists are expecting that they will hold, though some believe that it may cut the cash rate. all in all, ross, a subdued day out in asia, but a few

if you ask who is right shanghai or hong kong, i would go more with hong kong outlook than shanghai outlook. great report. >> i want to get back to phil lebeau on ford. brought us numbers but now predictions on production next year. >> the key here is production drives revenue which drives earnings and this is important news from ford in the first quarter of next year it is now scheduling production of 750,000 vehicles. that is an 11% increase compared to the first quarter of last year about 73,000 vehicles. just for some perspective of how production is increasing, this quarter ford projects it will build 725,000 vehicles here in north america. they are increasing it by another 25,000 next quarter. and one other thing, carl, when we talked about importance of trucks. in november, ford had its best month for the f series since november of 2005 selling 56,000 f series trucks. that's an 18% increase compared to last year. you are really seeing the momentum building in terms of production in truck sales. >> yeah. up a fifth on f series. thank you very much. significant number. >> i bought my f

he arrived in shanghai in 1932 years after the day that i set out with my passport, no visas, broken down bicycle and 20 mexican dollars. he fulfilled a promise to continue to karachi making a full global circle on the very same motorcycle. so there you have it, a very small sample of the unusual people who have somehow found it necessary to go-round the world for very different reasons. so thank you, and i hope there are questions. [applause] >> when i heard about your book, circumnavigating the globe i think of people heading out east or west. are there any people going north or south? >> yes. thank you. a circumnavigation has one very unusual element, which is that it's the only form of time travel that has ever been proven to exist. you go eastward or westward, you gain or lose a day. if you go over the polls poles you don't lose a day. there there is the element of time travel and to honor that distinction there is a trans-global voyage that is going around the world but it's not like the classic circumnavigation installment of time travel. the first polar circumnavigation trans

>> she was an arrest restaurant business in shanghai. she has a couple of statehouses.neil: does she have anything to do with technology? >> i don't of the extent of that. neil: there are rumors that she was going this technology for a high price to chinese officials to look at. is that totally untrue? >> that sounds like a smokescreen to me. i think the reason they aren't commenting, they know they did something wrong and it's blowing up their base. these ridiculous charges, they should be dropped before she even goes and she should be issued an apology. neil: parties doing? >> no, we are worried about the criminal case. she has a green card and we worry about her status. neil: her green card or be revoked. okay. >> she is a very successful woman. you know, she's from another country. she was buying christmas presents and she's a very generous person. she was shopping at a mall. she is a christian and she won to buy presents for everybody. she says that all the time. he is a very generous and sweet lady. i cannot understand how she could be maltreated like that she wan

shanghai officials say cold temperatures and shod yes materials made the glass so brittle. >> troublere, some scary moments for shoppers in a sacramento mall after reports of gunfire last night. people ran for safety. to started about 5:00 in the afternoon ai. group of 20 teens pushed shoppers and knocked over things creating a lot of noise, sounding like gunfire, sending people scrambling for cover. stores locked down, shoppers afraid of another mass shooting. happen. hid hinld the counter at macy's. and then, i was like, we need Ñkt this mall was reopened but few returns.l was reopened but >>> violent video game makers removed links to gun makers on the web sitd of its popular game. link as loued gamers to brows and purchase some swep ons featured in the shooter games. the violentÑmsdr video games hae come under increased scrutiny. >> popularity of e books rising in the u.s.. a survey says it nearly a quarter of americans over age ⌜cgkve identified themselves as e-book readers. a 7% jump from last year, on the other hand number of printed book readers dropped 5%. few found that for

there is skepticism in shanghai. up nearly 10% in the month of december. it is still one of the worst performing indexes in asia. keep in mind, it is a government-orchestrated rally. the economic data has been better in china. offer, that hasn't been enough to move stock. the recent rally we've seen, still a lot of questions as to why exactly it's happening and whether the government can put in some reforms to keep that going. hong kong, aia shares resumed trading today. this is not -- the losses for aii were not too heavy, but the hang seng ending with losses. over in australia, the s&p asx 200 gained some ground, abo about .5%. it was the big miners that gained today. and this brings the aussie market to a 17-month high. we have some minutes out from the research bank of australia. we will see monetarying easing in the form of interest rate cuts last year. it's defying expectations because we are seeing some gains of about .6%. this is despite the rbi, the research bank of india putting rates on hold. as well as the cash research ratio, which many were p

i went to beijing and then we went to shanghai. in shanghai, whereas to meet with a group of businessmen. these businessmen had all been involved in dot.coms and had lost a lot of money. most of them had made a lot back. i was fascinated. one of them said, i prefer the cultural revolution. then you knew the government was the enemy. [laughter] now you are not sure. i said, you'll want to bring about a democratic system. it is a very interesting point. i favor it. i have noticed that there are millions of people in china who make a few dollars a day and they are not a very rich. you have quite a lot of money, i gather. at least i was told. suppose they all say, we are in the majority. you have this money. from you. and give it to us. the one who started it said, are you in favor of that? i am in favor of democracy, but maybe not right now. [laughter] it is like a tiger by the tail. you start looking at the other side and they are afraid of a certain kind of chaos or a certain kind of -- somehow, that is partly -- that fear is partly

the banks listed in shanghai. liquidity concerns as they head into the end of the year and try wrapping up their balance sheets for regulatory requirements next year. that's the asx worries here. and the bse sensex, the momentum of losses has been increasing over the last little bit. but this market doing very well on the year, as well, up nearly 25%. so a pretty ugly picture here, kelly, but if the world is going to end in a few hours, what does it matter? >> dierdre wang morris from singapore, thank you very much. >>> at play behind a lot of the sell-off is that u.s. house speaker john boehner has been dealt a major setback in his efforts to piece together legislation to help the economy avert the fiscal cliff. that headline is looming ten days away. steve handlesman is wrapping up the latest developments from capitol hill. >> reporter: the vote on boehner's plan b was canceled abruptly. a big embarrassment for the speaker, who had hoped to force democrats to follow his lead. >> in the senate, democrats and whit

aquarium was home to dozens of sharks, turtles and fish before it shattered at that shopping center in shanghaiofficials say cold temperatures and shoddy materials made the acrylic glass brittle. >>> doctors solve a medical >>> doctors solve a medical mystery involving a sick and... take care of them, you know? i feel like we've come full circle. like that! this is how i'll do it. sarah: there you go. >> a 12-year-old panda is feeling better after vets solved a medical mystery. >> panda was taken to the hospital after he was found vomiting. >> the panda had corn bread lodged in its he to have . -- in esophagus. >> there's a lesson there. >> thanks for join us. >> who wants to be a millionaire is next. [cheers and applause] [dramatic music] ♪ >> hey, guys. back in the saddle. [cheers and applause] hello, everybodyome to millionaire. all this week we have been playing to raise money for the alzheimer's association with some wonderful celebrities. joining me again, cheech marin. nice to see you, cheech. >> nice to see you. [cheers and applause] this man, for those of you who don't know it, he came

went and saw the terracotta warriors, flew into shanghai and came back, again, nothing more than taxes. that one was maybe $150. >> in business class. >> in business class, right. >> reporter: price in frequent flier miles, 110,000 miles each. extreme? perhaps. but only the tip of the iceberg of the techniques talked about at this seminar, all of which frankly take a lot of work and a lot of study. but in rick's view, when you're settled back in the big chair, it really will seem worth it. >> sweet. rick and his wife are celebrating this new year's eve in sydney, australia, flying business class, staying in a low tell for free, naturally. >>> next up, the national memory champ is going to share his astonishing method to help those of us who can't even remember where we put our keys. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other

aquarium was home to dozens of sharks, turtles and fish before it shattered at that shopping center in shanghaiofficials say cold temperatures and shoddy materials made the acrylic glass brittle. >>> doctors solve a medical mystery involving >> a 12-year-old panda is feeling better after vets solved a medical mystery. >> panda was taken to the hospital after he was found vomiting. >> the panda had corn bread lodged in its he to have . -- in esophagus.s.s. >> there's a lesson there. >> thanks for join us. >> who wants

shanghai composite in the positive by 1.6%. new evidence has emerged that chinese companies are actively helping iran evade trade sanctions. according to documents object stained by reuters in late 2010, wally technologies offered to sell hewlett packard equipment offered to sell components to a mobile phone operator. can you walk us through the latest findings here. >> the latest findings -- i've been writing all year about how iran, despite tightening global sanctions by the u.s., europe and other countries has continued to manage to obtain sophisticated u.s. technologies with the complicity of a number of foreign companies. the one i wrote about today is flaway, which is the world's second biggest telecommaker in china. basically, i came upon documents which showed in late 2010 flaway attempted through a chinese intermediary to sell at least 1.3 million euros worth of hewlett packard equipment to iran's largest mobile phone operator. th this, of course, would be illegal. they say this never happened, but they don't dispute t

who wants to go shopping in shanghai?ody was seriously hurt. >> they were just trying to get away. >> these are lemon sharks. it makes me wonder about those huge skyscrapers. i wonder if you feel as safe being one of those things. adam: my reaction to that, the chinese are masterful with what they're doing is remarkable, but not known for quality control. >> if you want to get something done, bribe somebody. adam: moving on to the birth, nine months this little guy will be born. they have a signed this tendon driven robot to look and move like human beings even covered in soft skinned. >> we could use those now. >> might help at the military. the scary thing for me is not robust, but the idea of humans clones. because of the declining moral standards, somebody out there will come out with a human clone. that is truly scary. the weird thing is they are created without inception. they're created by an electrical spark. human being made, that is the weird stuff. adam: okay, we're going to move on. parking is about to get a l

shows a 33 ton shark tank exploding at shanghai shopping mall. people look at the tank when the glass shattered suddenly and huge wave of world trade center comes over the onlookers. 15 people were injured. none critically. 3 lemon shark and dozens of smaller fish all died unfortunately. now shanghai officials say cold temperatures and showedy material made the acrylic sheet so brittle it just gave way. >>> well just ahead tonight. frightening new outlook for computer crime next year. why computer crime next year. why the tablet th if. >> the shift smart phones and tablet causing a shift by hackers for malicious attacks and the bad guys are exploiting some of the newest features to too. david explains what kind of attacks you should expect. >>reporter: collectively virus trojan horses and worm called malwear 55 unique ones relessed over the internet daily, 1 per second. they attack network and p c. constant fear bring down the power grid and mass transit but the new target is the mobile device payment system with a simple swipe. bad guy tap in th

andrew, very strong session yesterday for shanghai. flat today. after a period of underperformance, will it turn around or not going into 2013? >> well, i think in the recent couple of weeks actually, we're seeing quite positive economic data coming out of china. pmi is improving. and consumer sentiment is the highest. and for the past five months. but this have not translated into a more robust market. this is because for the past two quarters, there is all bad news. so there was kind of negative feedback loops that caused the market to be oversold. and then it takes time for sentiments to turn around. and there's unless there's very positive numbers coming up and they're not at the moment. and the lead up to the party congress is anything but certain, so there are lots of worries and doubts leading up to the final 18 party congress. and now that the leadership is installed, there are more positive signals. and it also takes time to work through. and then you will look at the consumption figures. generally coming up quite nicely. but tend to be i

you are in serious trouble if you are in shanghai. >> our guest was saying where al's do you go in this world. who would have guessed that china would have been a better place. guess what, so do we. or at least, a lot of people suspect we do be do do we get a deal? >> yes, we get a deal. it looks bad for everybody. 2013 will not be a good year for the president or republicans. stuart: this is varney and company. keep things short. don't we, dagen. dagen: if you are the one who dropped dead, it is your heirs who are in trouble. [ laughter ] stuart, happy new year. i am dagen mcdowell. bring in joe biden, the vice president called in to help with the negotiations. maybe we see some movement in the coming hour. a surprise in your check at the end of the week. the mess in washington leaves employers wondering how much they should with hold from your paycheck. the world, stuart was just showing you pictures of shanghai, the world already starting the celebration. the dawn of 2013. happy new year, everybody. there is a live look at shanghai, china. top of the hour. time now for stocks. >> goo

liz: the shanghai market, the shanghai composite in china, closed well below the markets opened but here are some names posting solid gains when it comes to the steel world. optimism on china coming back giving the steel sector boost. prices for iron ore hitting a decent high lately, not a bad move, translating to a lot of names in this space for a while it looked like the economy was weakening and now it is coming back. dave: we want to let you know we will throughout this hour ridge you -- give the regular updates on a horrendous shooting in connecticut. that is coming throughout the hour. liz: how about alternative investment? putting money behind a pop culture icon. we are looking at other ways to make money than stocks but what about judy garland? the rights to her tv show are up for auction. did you know the rights and royalties of an investment can return 8% to 11% on average? better than a kick in the head. we have the man who is selling rights that he bought from judy garland's former husband. dave: today is the deadline for states to say if they will set up their own health car

shy of the frigid air mass toward the north. 11 in chongquing and shanghai and further down to the south and the tropics, into the 30s there. let's head on into the americas. central portions are looking calm and clear. a storm from the pacific, dropping down from b.c. to central california. chilly showers to post coastal areas. and we'll be seeing some snow, a few inches on the sierra nevadas and moving inland as well. strongest gusts bringing temperatures down in portions of southern california in the next couple of days. out toward the east, we've been watching a stubborn system move away out over the atlantic, but what will be left over is heavy showers in the eastern gulf states as well as in the florida peninsula and you can see some severe thunderstorms erupting there too. here are temperatures. a big drop out in the northeast. new york city, 9 degrees today. 9 in d.c. a drop of 10 degrees between monday and tuesday. further up toward the north. that's your high temperature. winnipeg, minus 20. high temperature, even down to houston, 13 for the high. but overnight lows will be aro

shanghai at 1 degree on your thursday. europe is looking messy. the snow is really causing problems in central europe and further out to the west over the british isles. a lot of low pressure systems dotted around and it's still frigid. the cold air right down to the mediterranean. so plenty of snow is available. down to the southeast, it's going to be rain rather than snow. heavy rain heading into turkey could cause flash flooding problems. and in fact, the black sea region has been stormy recently. i want to show you video from tuesday. this is showing you what happened when a cargo ship was brought in due to engine malfunction. two other incidents off the turkish coast left two dead and 12 missing, according to coastal authorities. one of the boats sank. this was a rescue boat caught in the rough seas there. when stormy conditions like this happen, usually the sea is closed to traffic. yet on tuesday it remained open, and that's the picture that we see there. certainly it's going to be very stormy once again. another low heading into the black

>> yeah, and i think it sends a message to people whether they're in shanghai or texas that britain is open for business. >> rose: why then is there almost a consensus of opinion that austerity is not working? >> i don't agree there's a consensus of opinion. there are a group of people who always argued for more spending in good times and bad >> i'm not talking about pundits i'm talking about nonprofit and people like that, even economists. but both of them -- i mean the whole -- seems to me financial institutions including the i.m.f. have raised questions about whether austerity has gone too far. >> well, i think there is -- people have said that us a stirty is not enough. you have to have structural reform. but i don't think there's anyone out there any more saying that we should have some big fiscal stimulus. when i started two years ago the big -- one of the challenges was what you should do even though you're sitting on 11.5% deficit there was an argument in the u.s. as well and it was striking during the recent presidential election. i don't think the word "stimulus was mentioned

[applause] just recently, thank you, i had the deputy chief of shanghai coming over to ask us how we manage events here. i just wanted them to understand how we do it differently and how they can improve. this is not the first time i have had that happen. from what i have observed over my 32 years in my time on line as an officer, i was an officer before my first promotion, i have received, and we have all received, thanks to our outstanding training, if there is any need for some kind of tactical response, our team is the best in the country. >> thank you for reminding me that we are at the top for the new academy class, working with officer buckner -- right, gary? to talk about the new entertainment. this is what we do and how we do what we do. it is my vision to have some kind of special team in place in the department that focuses in understands my life. we are a little bit of a ways off, but that is what i would like to do. >> how can a new club owner in gauge so they know the rules and regulations and what is expected of them? >> essentially, we tend to reach out to club owners

what caused an aquarium to burst in shanghai. our top story, the leader of the democratic majority in the u.s. senate says politicians are running out of time to avoid the budget crisis known as the fiscal cliff. every reed said democrats and republicans had to stop squabbling to have any chance at which an agreement by december 31st and higher taxes and spending cuts will automatically take effect. president obama has cut short his holiday to revive the talks. >> if we go over this cliff, the house of representative with four days left are not here with the speaker having told him that he will have 458 hours' notice. i cannot imagine their conscience out there wherever they are around the country and we are trying to get something done. >> why is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing

china for example china right here that's what i was looking for chinese shanghai composite is actually still trading in the negative territory it's like minus two percent yet today in brazil you have the best buy index is down five percent right times of russia is not that bad we can look at the graphics if we see the graphics the russian market is has posted eleven percent in the second right and we can see it in the second half of this year but analysts say that this year on the russian market was a last year because nothing really happened or what i mean i mean investors were very much looking forward to the end of the elections the presidential election and they needed to see some kind of stability message and that's all about politics and it didn't have a lot of effect on the stock market and what investors were looking for this russia's huge ambitious privatization programs and didn't just happen as being delayed and delayed for most of the time it was we can recall the bank asked that that's about it that's very much and but there was a lot of liquidity and you liquidity injecte

in china shanghai composite ended up 0.1%, while hong kong's hang seng slipped just about 0.1%. in india, the sensex closed up about 0.7%. >>> the dollar is little changed against the yen. traders are awaiting the outcome of the boj's two-day policy meeting start wednesday. dollar/yen changing hands at 83.87. euro/yen 110.50. they say a meeting between ldp and boj governor appears limit. >>> foreign direct investment in china fell in november for the sixth straight month due to global uncertainties. a chinese commerce ministry spokesperson said on tuesday that overseas companies invested $8.3 billion in building factories and other projects last month. that's down 5.4% from a year ago. foreign district investment for the first 11 months of this year was $100 billion. that's a decrease of 3.6% from the same period last year. rising labor costs in china and a slowdown in global economic growth triggered by europe's debt crisis is seen as the reason behind the decline. japanese direct investment in china rose 16% in november compared to a year earlier. that's a recovery from octobe