what happens is you get the back draft from china with taiwan. there's such a close assimilation between the two countries, but yet if you want to look at tax structures or at least how the market dynamic of small cap companies becoming very large overnight or at least getting in-flows into capital into those firms right now is such an advantage. >> isn't this, though, heavy reliance on china for a stimulus package that a lot of people think is money going straight from the banks into the market. if china falls down and and isn't real -- i don't think china is a mirage, but i think this growth is temporary. i worry about taiwan. we'll see what happens with tech here. >> i think it stands alone right now. it's a very good point. we know what an important dynamic china has in that environment. for the same reasons, i think on a daily, quarterly, monthly basis, however you look at it, taiwan is starting to stand on its own. it gets the back draft of china, but it still has the conglomerate of these companies together as a basket. it's very exciting

. >> the hidden trade is buy taiwan. it's the i shares and taiwan index. you saw water shed event where china announced they can invest for the first time in 60 years. the taiwan index is tech-heavy. 57% in is in tech. the exposure and you get tech exposure and an e mortgaging market that is not commodity centric. >> that kind of trade is scary. >> i would agree with you. they are in the emerging marks and you have to use the tight stops. my time frame is the next three months or so. i can see strengths in taiwan, but i would use tight stops in the market. >> i like it. me about your next trade. >> for us we would look at the xles and we have seen a sell off in the crudes that has been dramatic and recommending the clients in june. we have seen this move down to 55 and 58 in that range. that's always good support. keep in mind the crude with the trade a while back and the sell off is going to have the pressure on it. crude is not at the bottom yet. >> tim, for people who don't know, the xle is the energy etf. why would you do that? there a million differen

and taiwan likes him.wan has 40 billion invested in china in plant and equipment and 3 million of the 27 million taiwanese live in mainland china, china not the other way. so i think taiwan is another place to look to get exposure. as you mentioned. china is trying to improve their rule of law, trying to improve their accounting, trying to improve their disclosure, and i think all of these things will come in time. one quick thing, maria. yesterday it was a perfect game in the national baseball league. >> is that right? >> yes. it was only one of 18. and the guy, mark buehrle for chicago, we've got to give him a shout out. and the guy who saved the game, dwayne wise, center fielder. you've got to watch it on youtube. >> big shout out there. stephen, the international markets, do you want to have exposure there or are these economies slowing down? maybe the u.s. comes out of the recession first, you want to be domestic. >> it's going to be a chim erickal cyclical recovery. china bottomed somewhere in decemb

that was when taiwan and china split in the civil war. china and taiwan usually communicate onlyhr tough semiofficial channels. the leaders expressed wishes to work together in peace for the best interest of both sides. even though they separated, beijing still claims thiland of taiwan as part of its territory. >>> now details about the sobriety test giving to alexandria's chief of police. >>> there's new research about the link between stomach prps and autism in children. >>> and we have a steamy july day. >> yes, we do. >> over the weekend something happened that hadn't happened all summer. two 90-degree days in a row. the first time. >> we had a lot of sprinkles of rain coming through. >> we did. it's still overall a dry july. outside today, here is our sky watch. now showers, no thunder showers around us. get friends out at the beaches for this weekend, they're saying this is not the monday i was expecting. 88 degrees or was hoping for both saturday and sunday. the first time we've had two 90-degree days in a row. it's a reflection of

. >> what is i it specifally for taiwan a southeast asia? e they feeling any benenefits from t effectiveness of china's stimulusus plan? >> you hit the nail onon the hea therere. what happens i is you gethe back draft fromom china wh taiwan. there's such a close assisimilationetween the two cotries, but yet if you wawant to look at t tax strtures or at least w the market dynamic o of small cap compananies becong very large ovevernight oat least getting in-flows intnto capita into those firmsms right n is such a an advante. >> isn't this, though,h, heavy reliance on china a for a imulus package thatat a lot opeople think k is moneyoing straight from the banks intnto the maet. if china falls dowown and ist real -- - i don't ink china is a mira, but i think this grorowth is temporary. i worry about taiwan. wewe'll see at happens with tech here. >> i tnk it stands alone rigight now. itit's a vergood point. we know what an importrtant dynamic china has s in that environment.t. for the sasame reaso, i think on a dadaily, quaerly, monthly basis, he

, but this is good news for intel today, and all of the people yesterday who were nay saying that taiwan shipments were weaker. apparently things are better than anticipated. and there is a lot more optimistic tone down here. >> health care being a big issue. orrin hatch -- >> orrin hatch, of course, very influential republican senator on the finance committee talking about the health care bill saying the tax on the wealthy, is a quote, dead issue. there's a shot across the bow to house which is, of course, considering a tax to pay for the health care bill. >> okay, bob pisani, thank you so much. and on that note, i'm sure you'll like it, larry, we'll send it back to you. >> all i tell you is orrin hatch for president, the best thing i've heard all day. >>> the new york fed's empire state index for july showing improvement in business conditions. orders and is shipments were up. let's add to that positive earnings reports and got us to thinking, could the recession be over? there are other issues, but let's dive in. yes says dan north, us chief economist for humez. no says sue hoffman, c

as a suspect so, too, for prc and taiwan. we have contributed some instructors for taiwan's annual exercise. as you may know, we have sent some well qualified military instructors. the fact that tension has been defused, if not eliminated, is very encouraging. the steps taken by prc and taiwan, while summer pedestrian in a way with sending exotic animals, pandas, to zoos, increased commercial traffic, making it easier to send mail back and forth across the street. each of these are not watershed decisions but all contribute to a sense of cooperation and collaboration that we find encouraging. >> i am from the world journal. not too long ago, it chinese sub hit a u.s. -- [unintelligible] can you comment on the capabilities against conventional submarines, especially with those capabilities? >> is that all you want to know? let me take the mccain peace first. john mccain, operating international water, the way we operate around the world with our navy all the time. it was damaged. investigation is ongoing. i do not know precise

. >>> a posting on the internet and suddenly the streets in taiwan, a spontaneous michael jackson tribute. hundreds of people showed up just days after it was announced online. they danced for the minute to "beat it." jackson in fact performed in taiwan 16 years ago and inspired thousands of would-be dancers and performers. >>> we've been watching a pentagon briefing this hour and are looking at admiral mullen. they've announced they're going to expand the five of the army, but interestingly, also talked about the efforts to find that young soldier captured by the taliban in afghanistan. we'll get you up to date after a quick break here. dddddddd this is humiliating. stand still so we can get an accurate reading. okay...um...eighteen pounds and a smidge. a smidge? >>> this is gh package under 70 pounds. with priority mail flat rate boxes from the postal service, if it fits, it ships anywhere in the country for a low flat rate. cool. you know this scale is off by a good 7, 8 pounds. maybe five. priority mail flat rate boxes only from the postal service. a simpler way to ship. >>> we

markets in japan, hong kong, south korea, shanghai, india, taiwan and singapore all showed significant gains. even bad news was good. the electronic giant sony posted a loss but smaller than forecast, so traders were upbeat. oil also jumped above $67 a barrel in asian trading this morning after jumping over 5% here on thursday. its biggest one-day gain since april. on wall street yesterday before a late-day dip in trading, the s&p 500 pushed to its highest interday level. the nasdaq briefly rose above 2,000 for the first time since october. ge's parent company of this network gave the dow its biggest boost on speculation from lawmakers that the company may not have to sever its finance arm, g.e. capital. that sent shares soaring nearly 7%. >>> also, fueling traders, the number of americans filing for unemployment last week was several thousand less than wall street expected. driving stocks today, the dgp report is due out. analysts show it will shrink the economy 1.5% from april to june this year. economists hope the slower rate of shrinkage will be a sign the economy may have hit bott

. >>> there was one more sign today of improving relations between china and taiwan. their presidents exchanged messages today for the first time since the two sides split six decades ago. the exchanges were reported on china's state-run television. both leaders were have said to call for continuing efforts to promote peaceful development of their relations. >>> and one other note from today's meetings between u.s. and chinese officials in washington, both treasury secretary timothy geithner and china's top economic policymaker spoke of some hopeful economic signs. the chinese official said the world economy is at a critical moment, moving out of crisis and toward recovery. >>> and then from britain, some leading economists have set an unusual message to queen elizabeth about the financial crisis. they said they were sorry. the "observer" newspaper say the letter followed to the queen. last fall in which he demanded to know why no one had anticipated the credit crunch. the letter says the financial wizards who believe they could manage risky debts and protect the fina

you were a mormon missionary in taiwan, is that correct?hat's correct. >> it's my understanding that mormon missionaries are not allowed in china. is that correct? >> they that's correct. >> you mentioned in your statement human rights issues, one of the things that i have been concerned about for many years in which i have been attempting to bring to the table in the senate since i've been here is the reality that these aren't simply human rights issues when you look at the variance in policies that the united states applies particularly in places like east asia. it goes to our consistency in our foreign policy. "the washington post" this morning has a long article on initial outreaches of this administration to burma. basically saying that burma should release political prisoners, suki is a major focus but something beyond that that they should implement a constitution that has multiparty participation in the political process, they should commit themselves to elections and then we would move forward. how would you differentiate that poli

they caught factors in taiwan.s i've been talking to said the action out of taiwan is not that great right now. i'm surprised you're getting so much action on the plus side on the call side. >> and again, part of it, you know, an interesting air lel between this and goldman sachs, part of it is a little bit that these are inexpensive in terms of pure cash options. what's interesting is they're betting on the number today. you're not seeing the follow through in the back months, august and september options. if you look at goldman sachs, a lot of people obviously bet on the good number in july. you're seeing strong buying there in the back months also. so people are voting with the fact that they think intel could have a pop but think goldman no longer term -- the longer erm good play. we're seeing that more and more in the financials as compared to the techs. tech buying is a lot more short term whereas the financial buying we're seeing in august and september also which tells me people have more of a belief perhap

i think we have a nber of stocks we like one of whh is taiwan semiconduct manufacturing. this is listed on the big board simple tsm. world leader and semiconductor manufacturing. great technology. great balance sheet. ca in excess of debt, 5% dividend yld. very, very strg competor in all its maets. we look to have this company growing nicely i the next few years. >> paul: ok. another industryou like? >> tecommunications is one which s been a little under the radar over the last few mont but we think it still offers very goodvalue, escially on a total return basis. many stocks have strong balance eets, good dividend yields. one we likeis telefonica in spain. it's doing wel in europe. it gets 40% of its revenues from latin america. >> paul: thi trades on the big board tef right? >> correct. >> paul: another instry you're fond of? >> somethi a bit controversial is health care. obviously we're all aware of what is going on with potential health care legislationut we think the vaations are attractive a discounts some of the problems. navart is a company ich is head qrtered in

have a forum at chamber on this issue of preparing the health care systems across the world from taiwan to england and switzerland. the reality is that there is myths, all have rewards and advantages. and some have long waiting lines. others don't. they have very diverse populations. switzerland has a diverse population that makes comparisons difficult. it's easy to make realizations about all the systems. there are legitimate issues about rations and government programs that people have to wait for operations at later times in their life. but you are right bill, there are lots of simplifications that are not valid in this area. host: republican line, nancy. caller: yes, i was wondering if they are thinking that the taxpayer pay it or businesses. is it the employer going to pay it or the employee themselves pay it? i have a brother who pays his employee's insurance, and he pays his as well. so the is employer or government? guest: i have to caveat and we have talked about health care and no legislation is introduced. we have gaps in policy questions. i think it's a combination of both,

fans gathered with white roses for a tribute in taiwan, and at the essence music festival in new orleans beyonce honored his memory. still, the most anticipated tribute is the official michael jackson memorial on tuesday at the los angeles staples center. more than 1.6 million people filled out this form on-line for particular but only 17,000 -- 17,500 are available. >> it's so shocking, so hurting. it's such a great loss. just wish it had been held in more a larger venue. >> reporter: even though it's a memorial, organizers are worried about ticket scalping, so each person will have to pick up their two particular and be fitted with a wrist band at a secret distribution center. officials estimate up to 700,000 people may try to reach the arena even though the area around the staples center will be sealed off and the memorial won't be shown on outdoor tv screens. >> you'll be standing on a hot street with a lot of other people. the closest will you get will be the outside of a secured perimeter. >> reporter: in los angeles, karen brown, wjz, eyewitness news. >> that includes wjz and cbs

>> reporter: from madonna to be i don't know sfrairks taiwan to never land, the tributes keep coming, leading up to the official michael jackson memorial on tuesday. more than 1 30eu 6 million people filled out this form on- line for ticket. but fans without tickets are also expected to show up. in fact, the city is preparing for up to 700,000 of them, even though this area around the staples center will be sealed off, and a memorial won't be shown on any of these outdoor screens. >> you will be standing in the hot sun on a city street with a lot of other people. the closest will you get will be the outside of the secure perimeter. >> reporter: the memorial service will be broadcast live on numerous networks. in los angeles, karen brown, wjz eyewitness news. >> and we are one of those networks. wjz will bring you complete coverage of the meme i don't recall next tuesday. katie couric will be live in california leading our coverage. for additional news on the michael jackson death investigation and updates log on to wjz.com. >>> a lot more news coming up on wjz eyewitness news, includi

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taiwan's researchers say for some kids with chronic headaches, it may be just a phase. scientists examined middle school students ages 12 to 14 with recurring head pain. the researchers found that 60% of the sample outgrew chronic headaches within a year. 75% were rid of the condition after two years. and 88% no longer suffered chronic headaches after eight years. that's not to say that kids were headache-free. 75% of them still had occasional migraines or likely migraines. but the key conclusion of the study is encouraging. over time, most of the children got better. for today's health minute, i'm susan hendricks. >>> abc 2 wants to help you clean up your neighborhood. still ahead tonight, how you can kick crime to the curb. >>> plus, drama playing out at a california zoo. what tore apart the love affair of a gay penguin couple? >> watch abc 2 news any time on channel 1 with comcast on demand. fios guy! where ya headed? ah, just installed fios in the whole building. now everyone has the fastest upload speeds. and we're giving them a mini netbook. well, i'm sticking wit

issue which was comparing the healthcare systems across the country -- across the world ranging from taiwan to england to switzerland. and i think that the reality of it there is a lot of things going on. everyone has warts, everyone has advantages. some are paid through for a lot more taxes than america. some have long waiting lines. others don't. others have very diverse populations. switzerland as compared to america, they are a very diverse populations that make comparisons difficult. so, it easy to sort of make generalization bs all the syste systems. there are legitimate questions about rationing which occurs in government run programs and that is upsetting to many people after what many months were various kinds of operations particularly at later times in their life. but you are right, sometimes there are simplifications that are not valid. host: republican line, kansas, missouri, nancy. caller: yes, are they thinking that the taxpayer should pay it or if businesses bay it, is the employer going to pay it or the employees that are going to pay it? i have a brother and he pays his em

you see this in taiwan and south korea. it could have been the russians. the russians did this in georgia and estonia. when i first read about it, i thought it was the russians, because when obama was there, they call them patriotic hackers. maybe a patriotic hacker got their nose out of joint over something he said. >> how many people does it take to mount such an attack? >> 1. >> how many computers? >> to write the malicious code, you really only need one person and one computer, but that malicious code goes out and in fact thousands of computers. the numbers of computers involved in the attack are about 50,000 or 60,000. if you are hooked up to a cable network, it is always on. the malicious code will come to your computer and take over your computer. you will never know it, and it will turn you into a zombie. this was a bot net of thousands of computers used for the attack. one or two people and one computer -- >> one thing i have heard is that the code itself is not very sophisticated. it is an older version of a well-known coach. is your view that th

one spent several weeks in taiwan, and he did not turn it over to his lieutenant governor, so it is noturrent practice. greta: how is sarah palin reacting to complete number 20? >> -- to complaint number 20? >> she said this was just another player out of the playbook, attacking the incumbent, -- just another play out of the playbook. it is transparent what is going on. so far, these complaints are being thrown out. we had another one thrown out today, as a matter of fact. that complaint was just thrown out today. greta: is itç getting to virgo, or is it like water off of a duck's back -- is it getting to her? >> i think it is water off of a duck's back. all of this costs money in alaska. they have to hire state attorneys to look into it. sometimes, depositions are taken, andç i have got to get involved and represent the governor, and this is the waste of resources that the governor was talking about that she did not want to be an issue anymore in the state. greta: good luck with number 20. up next, it is a flow chart. do you understand it? if you do not, it may cost you a lot of mone

ucf in taiwan, china and korea. these sorts of attacks go on every day applicative in the rations. the russians did this in georgia. they did it in estonia and when i first read about it i thought it was the russians because when obama was there they called him patriotic packer's. maybe some patriotic hacker got their nose out of joint over something he said so the short answer is we suspect north korea and it is good to blame them but we don't know for sure. >> host: how many people does it take to mount such an attack? >> guest: one. >> host: how many computers? >> guest: to write the malicious code you really need one person and one computer but the malicious code then goes out and it affects thousands of computers so the number of computers involved in the attack were 50 or 60,000. the way that works is if you have a home computer and you are hooked up to a cable network, it is always on and the malicious code will come to your computer. it will take over your computer. you will never know it and it will turn it into a summit. they call them botnets. this was a botnet of tens o

the results were announced just before the taiwan stock market closed. tsmc ended down 0.9%. 56 taiwan he's chips. >> the group reaffirmed guidance and said it expects margins to improve for alcatel-lucent. the french telecommunications company said cash burns should be lower for the second half and it hopes to be profitable in 2010. >> so, you know, we're seeing good progress to our plan. we always said this is the year of transformation. it will be based on what happens in the second half and, you know with we're on track. and we are going, you know -- our guidance is unchanged. break even is, as i said, it's break even. >> a senate panel has subpoenaed information from goldman sachs and wamu. washington mutual is also a target of the probe. lawmakers are looking at whether internal communications such as e-mails show bankers had private doubts on the soundness of the mortgage related securities, that they were bundling and selling to investors. and they led the boom. now citi is in the sunbelt states of florida, california and arizona are dominating t

one spent several weeks in taiwan, and he did not turn it over to his lieutenant governor, so it is notrent practice. greta: how is sarah palin reacting to complete number 20? >> -- to complaint number 20? >> she said this was just another player out of the playbook, attacking the incumbent, -- just another play out of the playbook. it is transparent what is going on. so far, these complaints are being thrown out. we had another one thrown out today, as a matter of fact. that complaint was just thrown out today. greta: is itç getting to virgo, or is it like water off of a duck's back -- is it getting to her? >> i think it is water off of a duck's back. all of this costs money in alaska. they have to hire state attorneys to look into it. sometimes, depositions are taken, andç i have got to get involved and represent the governor, and this is the waste of resources that the governor was talking about that she did not want to be an issue anymore in the state. greta: good luck with number 20. up next, it is a flow chart. do you understand it? if you do not, it may cost you a lot of money.

so strong taiwan he's semi conductor. those are the companies that i think would do very well.as where i'm much more concerned is areas where there has been a strong bull view taken, share prices have been pushed up, i would see that in some of the korean shipping aspect companies and some of the securities companies in taiwan. so very much a selective regional story rather than an absolute bull case. >> i just want to rewind. you mentioned xstrata as your play on resources. >> i could name xstrata. >> i would to get your view. obviously, xstrata has been trying to get involved in angelo. >> it's a very interesting sector. >> how is that m&a feeding into your theory or not? >> if i look at the stock prices relative to the long-term reserve, i still see shares that discount a gloomy outlook. and that is the m&a opportunity, if you like, i would see as the cherry on the cake. >> you wouldn't worry if xstrata were successful? normally the acquiring company gets hit, doesn't it? >> yeah. i think what is important is that xstrata doesn't overpay. i think they have very savvy managem

. >> good news for headache sufferers, scientists in taiwan studied middle schoolers 12 to 14 with recurringrcent of them outgrow chronic headaches within a year. 75 percent were rid of them after two years. and after eight years, 88 percent no longer suffered chronic headaches. >> another possible link between cell phones and cancer. this time, israeli health report shows increase of malignant growth in glands located under the ear. number of cases increased over the last five years alone. from 25 to 70 per year. so argue a strong link between cell phone use, and cancer. >> an event tonight to help victims of domestic violence. seventh annual cabaret held at the bma. hundreds of people came out to raise money for the house of ruth, which provides shelter and services to victims of domestic violence. fox 45 was a media sponsor of cabaret and had the honor of serving as mistress of ceremony ceremonys. (inaudible). >>. >> well, the nominations are in for the 61 annual prime time emmies. television announced the nominees this morning. 30 rock got the most nods with 22. house, family guy and ame

some of the taiwan ease stocks, electronics in taiwan, tsmc, higher than 5% dividend yield. >> we were talking in the fall about picking a company for the dividends but be careful because so many were choosing to cut the dividen dividends, are we past that point where that's one of last resort for companies. many of it was in the financials but it it go across a broad spectrum. >> i think we are probably past the worst of it. does that mean we won't see any more? i'm not sure. that goes back to where temple ton has been focused. a good indication that they'll be able to continue to pay the dividends. >> thank you for joining us. >> lisa myers. one of key players who brought you the subprime mess is hoping to cash in on the mortgage meltdown. jane wells is in los angeles with the details. >> >> reporter: our investors ready for a stock based on bad mortgages? here comes penny mac, top management came from countrywide. they raised private money from investors like black rock and purchased $8 million worth of trouble the mortgage and modify them one by one. many properties are vacant alre

. >> well, my parents were imgrants from first china and then taiwan before they came to the united states. and it is actually my grandfather who was a judge in china on administrative court and he didn't get to live to see this day but it is really meaning effect to my father to see me following in his father's footsteps. >> and larry, too, the rest of the asian american community what does president obama nominating judge pan mean to them. >> this is a great deal to the community because this exemplifies the public service. i think it encouraged a lot of new immigrants to know to see the example. just like families in the public service the husband is the person, the partnership for public service. encourages a lot of new and young college kids to take the job as a commenter or public service as a career. >> judge you said it is an honor to be on the court. where you appeared as a prosecutor for many years. as you said ten years as a member of the, you know, part of the prosecution in dc dealing with narcotics and whatever. so what will your job be as a member of the dc superior court? >

ten, 15 years ago, germany, france, korea and taiwan have all gone to a system where you can get national long-term care insurance like medicare in the united states and that will work here. senator kennedy has an idea he is talking an now similar to that but we need to do something because people are not buying long-term care insurance. >> but we are getting older and will get sick. so we need to do something. >> talk with howard about taking care of elderly parents and looking ahead to your future and talk to cash about investing and saveing for the future. here's angie. >>> we come to you live from sky 9. this is our top traffic alert of the morning. look at this. this is the situation on 301. crane highway both northbound and southbound lanes at hawthorne road are closed down because of this accident involving this overturned tractor-trailer. you notice that we have emergency crews on the scene. fire crews are on the scene. they are directing traffic. washington avenue will be the best bet to get around this. looks like they are going to be out here cleaning up this accident scene for

this video is from a fashion show in taiwan today. a clothing company there is designing matching outfits for humans and their dogs. the clothing line will soon be available in china, japan, and australia. no word if it is coming over here. >> you've got to be kidding. it will. >> you know, some people love their dogs enough to dress the same way. okay, this cbs evening news is less than an hour away. katie couric joins us live from new york city with a preview. hi katie. >> coming up, president obama supports the biggest change to our nation's healthcare system in decads. he says that may not mean a change for everyone. >> if you have health insurance that you are happy with, you have a doctor that you are happy with, we don't want you to do anything. we don't want you to change. >> we'll have more of the president's interview tonight only on the cbs evening news right after 9news now. we hope you'll join us. anita, back to you. >> thank you so much. >> now we are going to talk about beach fun on a budget. we'll show you ideas that w

mike holland of holland and company a director on the board of the china fund and i think also the taiwan fund if i'm not mistaken. we also have steve forbes with us. mike holland, good to see you. what's your take? is china going to cripple the summer rally? is china going to bring commodities down? what's going on. why did it crack up 5% today. >> three questions, i will go with the last one first. the kerp today was there was indication from the authorities in china they will stop the crazy lending going on. they had an explosion in bank loan, actually andy bush did a great piece on cnbc.com on this subject. the record number of loans made, probably 20% have gone into the stock market and property speculation. they're talking about tamping things down. end of the story, i don't think they're going to. >> how about a second end to the story. should they? a lot of people have been talking about a bubble in china, pouring stimulus in, right? a lot of the stimulus has gone into the stock market and a lot has gone into forced bank lending, which is guaranteed by the government, by the bank

if one looks at a map between australia and taiwan, the strategic to look points that the soviet unionand its allies wanted to take over, they never succeeded. so, is it not true that we succeeded in vietnam and that it was worth all of it? >> in a word, yes. i think that -- i felt that we actually until we went into iraq. i thought we had so exhausted ourselves as a country through vietnam and then the russians so exhausted themselves as a country in afghanistan and i think when a was over, when the wall fell in all that and both sides looked at each other and said well, we are not going to do that again and then we went into iraq and i thought i wonder if we learned anything about that kind of engagement, but you're point is valid. thank you. >> is there one more question on loon? >> jack, i haven't read your book yet either, but i cheated a little and did look up in the official marine corps history for 1968 and found out essentially it was an operation to disrupt activity on the ho chi minh trail and you described your portion of it involved york landing and evacuate a couple of da

then there was last week samsung saying there's a new bull market in semis and taiwan semisaying it, amd saying it. texas instruments saying it. analog devices saying it. qualcomm saying it, we've been saying it over and over again on this show that we were going to have a true blowout. but in cramer faith fashion, of course, promoted the rings. the market's attitude was, i'm not listening, i'm not listening! well, mr. golam, guess who is listening now? the takeaway from intel's blowout quarter which is what i would say in my headphones, hey, jim, what is the best way to play intel in it's intel, idiot! but i would snarl a little bit more than that. because at that point i was a diplomat in the mold of john adams or even ryan seacrest which i morphed into today. the analysts were too bearish. here's credit suisse, still too early to be bearish, huh? how about time to be bullish, the glass is more than halfful. speaking of full, goldman sachs said valuation is full, more like goldman is full, as in "full of it." intel unlike the market as a whole, violates the first dickam of the este

and taiwan posted -- the territory is still facing plunging exports but remains in surplus by $3.2 billion. tune in to cnbc world, catch all the action overseas at c nshs's asia headquarters. i'm adam bakhtiar going global with your money. >> and all day today cnbc is highlighting some of the best money managers who are playing with a hot hand in 2009. the oak mark international fund fits the bill. it is up almost 20% this year. joining me now to talk about the strategy and some of the more interesting opportunities is david harrell, who manages the fund. good to have you on the program. >> nice to be here. >> the fund is up about 20% this year. what's been your strategy in this turbulence? >> the strategy is to look for those companies which we think were unfairly punished in the big global downturn of the late '07 and all of '08. and in our definition good quality companies are those companies are solid management teams who are good at running their assets, good at allocating capital, but for some reason are selling at a low price. we know all stocks are at a low price but not all compan

bill schulz, in taiwan he is a pastry. and sitting right next to me, john gibson, the john gibson, host o of the syndicated radio program the john gibson show on fox news radio at noon eastern time. if fierce commentary and good looks were whiskey i would have him on the rocks. >> i'll take a double. >> and you love to hit him and hate to love him, our "new york times" candidate. >> john gibson just threatened me with a cigarette lighter, greg. >> greg: really? >> you will never take me alive you silver haired fox. >> greg: all right. >> greg: he threw out the first pitch and it was hardly a touchdown. president obama is getting crap for his performance on the mound at tuesday's all-star game and rightly so o. roll tape ms. serious drewitt who rolls tape. >> greg: o well, he is definitely no famous pitcher that everyone knows. am i right. bill? >> he is all famous, greg. >> greg: and now there is talk that the white house dictated the camera angle. check out the view from the center field camera that wasn't broadcast. hot

. >> in taiwan dogs wearing designer clothes strutted their stuff on a catwalk.hey paraded in fetching outfits from swim suits to evening wear. the dog wear company that put this on plans to open markets in china, japan and australia. >> ooh! these are not good dogs. these are dirty little dogs. >> this is wrong. >> yeah. you know what's funny, though, i could see it. i could see jeremy with jake saying i got to get a bikini for my dog. >> we have some really cool photos we want to show you. these took a long time to make, something like ten years spending 60 hours a week. a guy has more or less figured out a way to surge electricity through plants. he said this is what happens when electrical surges pass through metal boards with a plant on top. that sort of blue haze you're seeing on tois gasses that are ionizing around the plants as they're electronically sho >> president's push. barack obama's challenge on capitol hill to reform health >> president's bush. barack obama's challenge on capitol hill to reform health care. the objections, the obstacles and what's

yes, it is true about china and taiwan. but china stops coming to our bond rallies and -- we are not going to war with china any time soon. this is a false hearing to create an industry and expand an industry. we have to think about restructuring our economy and get it out of wars and out of the military ithat only burst or budget. host: maryland, a democrat. caller: i believe we need to slash our defense budget. we spend more than the rest of the world on our defense combined. we need to use that money to combat the insurance companies that are killing more americans than al qaeda or any enemy that we could ever faced. killing us by denying us the service that we face. we need national health care for all americans, not just those who are fortunate enough to have the employers pay for it because 750 million -- 50 million americans cannot have any insurance and many of those are working. that is where the money needs to go. people running the insurance companies are killing us by denying us the service that we are paying fo

yes it is true about china and taiwan but it stops coming and our economy goes south we're not goingto war with china any time soon and it is a false hearing put up before the american public, the false negative two currie in industry and expand the industry for the sake of the industry would have to think about restructuring our economy that gets us out of four and gets us out of military that only bourse our budget and deficit 57 merrill lynch? democrat. >> caller: good morning we need to slash defense budget we spend more than the rest of the world on our a defense combined we need to use that money to combat the insurance companies that are killing more americans than al qaeda or any enemy that we could ever face. they are killing us by the ninth service that we pay for it in our health-care premium. we need national health care for all americans and not just those were fortunate enough to have employers pay for its because 50 million americans don't have any health care insurance and many of them are working. that is where the money needs to go. the people running the insurance

china, taiwan. in the fixed income area, once again, the u.s. treasury inflation, the tips where urth rewards from both inflation and deflation, you get a pick up over money market fund rates. >> sean, same question. >> i agree with everything mike just said. our largest sector waiting right now is technology. we added the semi conductors on tuesday pre-intel news. that trade worked out for us real well stylewise. and i'll reiterate what mike said about emerging markets. those areas emerging, in asia, that's where the economic market is for the foreseeable future. >> sean, speaking on that topic of emerging markets, we got out of china last night. better than expected. in terms of the growth, how much of it do you think is built into chinese stocks. >> china is with international holding right now, so we still like it. who knows. i don't know what we can trust in terms of the economic data. what we trust is the performance of the chinese stock market. it's done very well. the strength continues to be very strong. not only relative to the rest of

i taught english in taiwan 100 years ago when i was a kid, and i did not fall in love with tofu thatthat's because you haven't had mama chen's tofu. i love tofu. you have to come to my family's house for dinner one night and do it up so many ways. i'm curious how doc is going to do the chocolate cheesecake tofu. i love tofu. i'm not sure if i want to taste it in a cheesecake. >> the mystery of tofu. good morning, everybody. >>> they'll be cleaning up this morning from one side of the southern plains to the other after a night of extreme weather. last night a wind driven rain and hailstorm flooded streets and danled homes ithe town of college station in southeast texas. similar vlent srmto hitrm the aera overnight. meteorologist jennifer of our denver station kcnc joins us. >> reporter: we are in wheat ridge right off of i-70 at the kippling village. this apartment complex that houses dozens of residents had a hard time going to sleep last night. the reason why, a massive storm rolled through here and hit this place hard. look at the size of these trees, numerous trees completely upro

profit taking in techs led the taiwan market lower. that's it from asia, carl.k to you. >> christine tan, joining us from singapore, thank you for that. joining us today is pa trishg ya. michael, we've been pretty bit for a while ago, now you seem to agree with the notion that is put forth on the judicial's front page today that we might be seeing a bottom in housing. is that right inspect. >> that the, carl. i think we're seeing accumulation of data that speaks to a bottoming in any prices, whether it's influence home sales, housing starts, record affordability and probability most recently the recent action in home prices where if the april data showed eight cities up, this from case spiller showed a majority of the cities ov over. any way you slide it, we've had made on the of progress. to the stint that that is arrested, i think is plays tt strongly into the recovery discove discovery. distressed sales make up a big piece and then they look at the option arms issued from '04 to '07. 40% of those guys are delinquent and in the face of rising unemployment, is

if china invaded taiwan today, what would america say to them? enjoy yourselves, gentlemen.l out worked. >> dylan, is nothing sacred? wow, this story in new jersey, we have a rabbi and mayors and state legislators under arrest. and kidneys for sale. my, lord. is nothing sacred? >> i am going to pick up more kidneys going into the weekend. >> we should not make these jokes, and we should not, but we are. >> that was a money party. >> the problem is the taxpayer owns the results -- >> look at him. >> you are just our crazy quota of the show. coming up, pulitzer prize winning columnists, eugene robinson. and we will speak with dr. tom price, as well as congressman dave camp. we'll be back with more "morning joe." >> i was surprised and disappointed that the president did not have all the facts then weighed in on the events of that night and made a comment that, you know, really offended not just officers in the cambridge police department but officers around the country. with that being said, i have a tremendous amount of respect and support the president of the united states a