russia's national rail operator and carriage works siemens for someone siemens is actually a sub supplier for carriage works. it's a combination of engineering approaches it shares innovation and joint designs so in this case you can say this is truly a russian german austrian project. the final assembly of the new sleeper train cars is taking place at siemens place in austria the century is finishing up the first ten carriages but just because the final screws are tightened abroad doesn't mean the russians are just sitting on the sidelines about thirty five percent of the components are produced right in russia. which. we're very happy with our cooperation with carriage works offering it's a traditional supplier of train cars for russian well. therefore we supported the decision to choose them as a supplier and we understand the requirements for localizing the production process in mind we agreed to divide the work in a certain way. and the carriage works is no small fry in the grand scheme of things in its own right it's more of the most storied and largest train car manufacturers in eu

group has a joint venture with siemens ain't cheap of them. capsule is split fifty fifty if of this factory is called the locomotives which is located in the town of push ma in regions of the according to the agreement signed last year and so she which we plan to reduce one thousand two hundred trains little by twenty twenty. given the planned influx of guests to the city of sochi had two thousand and fourteen the german company was selected to hook up with russian engineers. electric train for use in the seaside resort city. the same basic blueprint has been adapted in many countries around the world but here the result is what they've named must for smaller like the birds. or those new trains can start whizzing world sport spectators from one venue to the next they have to go through a set of rigorous tests. and those checks are taking place here at russia's premier safety center located just outside of moscow. at the experimental ring and she defines car long swallow is currently going round and round to make sure all its components are in

. >> siemens stock is down. the ceo warned of further headwinds. >> we see a slow down in the global economies and also recessionary environment particularly southern part of europe and therefore we anticipate slow growth, more volatile environment also going into 2013 and, therefore, clear focus of siemens is on costs and productivity. >> a number of ceos that have been on the channel today. by and large those earnings on a whole with a negative outlook. >> meanwhile we're asking the question, is america still the land of opportunity for foreign workers? the ft notes high unemployment and tough visa rules are making other parts of the world more attractive although in light of the report you've just seen from those earnings, i'm not quite sure whether the rest of the world looks just so attractive this morning. anyway do you agree? what could this do to america's competitiveness long term. if you want to joining the conversations here on "worldwide exchange" we would love to flare you. send us an e-mail at worl

siemens. answers. >> issueone. help me, help you. >> if you want a president who will make things better in the african-american community, you are looking at him. you take a look. >> republican presidential candidate mitt romney addressed the national association for the advancement of colored people. the naacp was founded in 1909 and is the nation's largest and oldest civil rights organization. african americans are one of president obama's most loyal voting blocks. he won 95% of the african- american vote in 2008. john mccain who ran against barack obama in 2008, won 4% of the african-american vote. so, at wednesday's event mr. romney was squarely in enemy territory. but romney gave no ground. in fact, at times he seemed to be baiting the audience. >> if our goal is jobs, we have to stop spending over a trillion dollars more than we take in every year. and so -- and so to do that i'm going toll eliminate every non- essential expensive program i can find. that includes obama care. and i'm going to work to reform

this series is paid possible by a grant from the siemens foundation. their mission is to advance the frontiers of research in the basic sciences and mathematics. >> funding for charlie rose ro vided by the following: captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: tonight we continue our exploration into our magnificent brain with a look at multiple sclerosis it is an autoimmune disease that affects the central nervous system it is caused by damage to the myelin sheath protective covering that surrounds nerve cells. when damaged nerve signals slow done or stop. this can occur along any area of the brain, optic nerve and spinal chord. ms is most commonly diagnosed between ages 20 and 40 but could be seen at any age it affects twice as many women as men. one of them joined me this evening, andrea kirkpatrick is president and founder of the nonprofit cool kids learn. in 2001 she was diagnosed with ms. also here a remarkable group of scientist, stephen hauser of the nearology department of unive

the series is made possible by a grant from the siemens foundation. their mission is to advance the fron tears of research in the basic sciences and mathematics. funding for charlie rose was provided by the following: . >> from our captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: tonight we continue our exploration of the magnificent brain with a look at amyotrophic lateral sclerosis more commonly known as als and spinal muscular atrophy or sma. both of these are defin the loss of spinal motor neurons. sma generally strikes at birth or very early in life whereas als usually occurs at middle age or later. sma is an inherited disease and results in mutations in a beginning el single gene. currently there is no cure for either als or sma. lou gehrig the great baseball player who died from als once said, quote, i might have been given a bad break but i've got an awful lot to live for. two of my guests this evening might say the same, peter frates is the former captain of the boston college baseb

for, and if not, it just leaves the controller alone. >> kroft: stuxnet wasn't just looking for a siemensan a factory floor; it was looking for a specific factory floor, with a specific type and configuration of equipment, including iranian components that weren't used anywhere else in the world, and variable speed motors that might be used to regulate spinning centrifuges, a fragile piece of equipment essential to the enrichment of uranium. and langner speculated publicly that stuxnet was out to sabotage iran's nuclear program. >> langner: we knew at this time that the highest number of infections had been reported in iran. and second, it was pretty clear, just by looking at the sophistication, that there would be at least one nation-state behind this. you know, you just add one and one together. >> kroft: by the fall of 2010, the consensus was that iran's top-secret uranium enrichment plant at natanz was the target, and that stuxnet was a carefully constructed weapon designed to be carried into the plant on a corrupted laptop or thumb drive, then infect the system, disguise its presence

here german companies like daimler, commerzbank and siemens foster the development of engineers, managers or marketing experts with high potential from africa. lucy murina was one of the first twenty participants. three years after taking part in the program, she tells us how she has been able to make use of this experience back home. lucy mutinda works out every morning for 40 minutes. she never misses a day. when she lived in germany, she regularly went to the gym. but now she's got a job in management and doesn't have much time. >> the days i don't do the work out, i feel like my head is clogged up. but once i do it in the morning, i shower and get ready for work i feel fresh to face >> these cd's are souvenirs of her time in germany. hannover for one year. after securing an educational scholarship, she completed an internship at the german auto parts company continental. lucy says she appreciated the value placed on order and punctuality in germany -- she could depend on things. at least most of the time. >> one day, i had trouble with the water in my apartment. i couldn't believe tha

siemens. answers.

his claim to fame before coming here was chief technology officers at siemens at the exact same thatnto water glasses complaining they couldn't keep up. they wound up selling at the time that thostenhines was head of technology and he came here and not as a success, and it is a shame that they have gone to someone who never served as a ceo and nobody on the board who has ever been a ceo of a company. >> i want to get to the question of the word. i posed this question to you. if i am a shareholder, i am mad at the board of directors because they allowed things to happen at the company which in the end put the company behind technologically and they had co-ceos they didn't get rid of until recently and they may be in the way of the company ever adopting those strategic alternatives. you take a look at the composition. all of the board members are canadian when most of the customers are outside of north america. should we be concerned about the board and the makeup of the board at this point? isn't that the root of the problem? >> well, i am sure -- >> sorry, robert. >> i am sure shareh

santa fe, siemens, and the point being very simple. lot of cash, if you've taken the approach that i do expect severe dislocation to happen in europe at some point, but you do -- excuse me, you do want the exposure, this is a nice way to do it. because you're getting paid a current dividend yield here. we talked about this in the past of being active managements within your own portfolio, but also saying what if i'm wrong? this is an interesting way. i will say this. when you know that you're having these conversations with people that were in the financial services business and those who weren't, there's another gentleman who was there and he was an advertising executive and if you continue to hear how people do business in europe it's bad. there's a difference between what's happening with the pieces of paper, that being the stocks and the etfs and the businesses themselves. i say take into consideration, if you have been playing it cautious, take a look at this etf. might be a good hedge of the portfolio. >> all right. thank you ver

siemens more than 4%. basf down 1.5% all of this following weaker earnings or guidance.e had the basf ceo on our program earlier this morning said order quality from china was very weak and this runs counter to a lot of chinese ceos we spoke to over here for the olympic games who struck a bit more positive note. not too surprising given the reaction we've seen in the blew chips, the boards are weaker. ibex 35 is down almost.4%. xetra dax down .8%. let's look at the bond wall. we had some interesting comments with regard to greece and spain. citigroup economists are putting 90% chance on a grekexit. up from 50 to 75% earlier. the spanish yield actually fallen this morning 7.35% here. we're seeing a little bit better action across the board. ten year in italy is at 6.5%. france and germany, take a quick look, despite reports for example that the greek banking system has seen deposits fall to the lowest self since 2005, markets are taking a breather. also taking the breath terrify olympic torch. i want to show you these images. earlier this morning it passed by our european

like to believe that but to this day nobody that we could put on the show could tell us that the siemens he's very successful as the ceo as alcoa in difficult times and yet he's led, you know, a great personal and corporate resilience. look at that. you can say well the board must have known something we don't know. six years later we still don't know it. david neilman at jetblu. at the gap. sometimes boards act prematurely. a lot of times boards act in panic. at motorola, the razr phone coming out late, a huge success. with wilting criticism of "the wall street journal" coming out they panicked and pushed him out. a lot of times boards don't know more than we do and don't use what they do know. and not saying diamond is necessarily clear. we don't know he's done anything wrong. he's a wildly admired ceo. what he's done in the u.s. for them is mentioned on this show and what he's done for them in africa. yeah, sometimes pitfalled moving in to investment banking but there have been a lot of successes. his compensation's been high. there's been tax issues and, of course, british regulators