the u.s. is negative. data from the uk. i think even the transient pieces of information that come through that change month on month when uk retail sales were pretty good this week, mortgage data was good this week and the net result for sterling has fallen through the week. and it is a question. i think people are looking at the longer term picture, not just the month on month spikes and troughs. so i'm not surprised that sterling is taking a hit and i wouldn't be at all surprised if it slides further over the next few days. >> david, here in the u.s., we've seen greater risk appear tietd, certainly witnessed by the dow crossing 9,000. today we're going to get consumer confidence numbers. is that going to impact the dollar today? >> difficult to see whether the consumer confidence numbers will have too much effect. i think as i was just saying to ross, i think people are start to go take a much longer term view of data and something like a quarterly gdp figure or something with a moving average which is moving in the righ

we believe it's important to put that data out. >> do you think the new data will disprove last year's conclusion that it was in fact supply and demand, guesses about the future economy and currency sni those are basic conclusions. do you think that will change. >> larry, as i said yesterday, none of the four commissioners including myself have seen the data. >> how do you know you need to limit? >> that newspaper report was inaccurate. >> i understand. it was the "wall street journal," let's out them here on the show. the basic premise i'm making is this, if you don't know the data has changed and report's conclusions changed we could assume the supply and demand conditions and the questions about economic growth and so forth still hold, and therefore the traders and so-called speculators have nothing to do with it. are you worried you will lunch into trading limits with no data underneath those conclusions? >> our job is to insure that they're fair and orderly markets. we're doing that. congress said we shall set position limits. we're looking at that very seriously through this hear

folks who were living next to the ttp, they were using the data as a metric, folks were more positive about the strikes. . . these may seem strange that they are included here, but they are routinely asked in the questions in which it operates. it is a good calibration of how pakistan these duties, and it gives them a trendline on how pakistanis see this. to my knowledge, you have not put out from grindle differences. we ask pakistanis what they believe to be a u.s. goal. again, in the vip is a complete out liar. i don't know why people in india p would have this view. obviously overall, there is not a lot of optimism in the punjab or sindh that this is a goal. there is a reason why this question is important in pakistan. i spent a lot of time looking at militancy in that country. even though the militant groups have not sent folks over, although there was a suicide bombing in 2004 that involved writs of palestine origin. they are contained in the theater, meaning afghanistan, pakistan, and india with a few oddballs pop in up in iraq and elsewhere. i have found in the literature of pa

now, talking about here is the data. so they collect the data. e're saying here is when should that data be released so that another company out there, some other entrepreneurs, could look the an the data and say, well, gee, this, this and this and they did this. how about if we change this and did this, we might come up with a new formulation that might actually help something else. they're still going to have to go through the clinical trials. they're still going to have to do that, folks. but at least they'll be able to look at the data. if you don't do that, that means a company can sit on that data for 12 years. then they let the data out. clinical trials will take another seven years or more. so you're going to have at least a whole 20-year run in there at least, a minimum. before anyone could ever surface with anything even comparable to what that drug or that biologic is. well, i didn't mean to go on so long but i think there's some miscon acceptses out there about what we're talking about. if i just conclude on in that i think you know, t

one of the reasonshat happened is because they did no have good data going in. that is th differencewith our system. we know what ourlants are in bidding, so we ll be much more refined. >> w were the winners in europe? was a francehe winner? was germany e winner? >> i thinkt is early to tell who the winnersill ultimately be because that first time was just ineffect at test. ultimately, the winners will be the citizens if theybring dow carbon emissns. what is importa to me -- and i ked the question the other d -- all this talk about capnd trade, how much of that system brought downmissions in europe? athis point, not that muc part of the decrease in emissins is the genal economic cline. we expect more results o of the u.s. >> our abili to do capnd trade dependsn other couries doing it as well, correc >> certainly that has bn one of the conrnsropounded by some cgressmen. they dnot want to expose added cos to their constituents. we have made it very car that we have climate priiples, that we wt some kind ofrotective meure to make sur that cost did not go outf sight.

one of the reasons that happened is because they did not have good data going in. that is the difference with our system. we know what our plants are in bidding, so we will be much more refined. >> who were the winners in europe? was a france the winner? was germany the winner? >> i think it is early to tell who the winners will ultimately be because that first time was just in effect at test. ultimately, the winners will be the citizens if they bring down carbon emissions. what is important to me -- and i asked the question the other day -- all this talk about cap and trade, how much of that system brought down emissions in europe? at this point, not that much. part of the decrease in emissions is the general economic decline. we expect more results out of the u.s. >> our ability to do cap and trade depends on other countries doing it as well, correct? >> certainly that has been one of the concerns propounded by some congressmen. they do not want to expose added costs to their constituents. we have made it very clear that we have climate principles, that we want so

. >>> so you have to question the validity of the data. >>> a dubious distinction. the debate whether baltimore residents really have the most expensive utility bills. >>> and the nation's largest free arts festival. we're live with everything you need to know about artscape. >>> good morning. you are taking a look at what is

becky. >> let's recap the data out here in europe. e jobless figures we mentioned a moment ago, expected to be 9.7% for the jobless rate for june came in at 9.4%. a bit of a deterioration for may. euro zone cpi estimates a negative 0.6% compared to forecast of 0.4%. let's bring in bob parker now, vice chairman of asset management credit suisse. what do you make of the data that we've had out from the euro zone so far? >> i think on the inflation, the point to make is the die vergent trend we are now seeing between u.s. inflation and particularly the import price index in the states, which has jumped dramatically with the rising commodity prices and the weakness in the u.s. dollar. with these deflationary numbers that we have in europe. and what's clear is that the strength of the euro has completely offset the rise that we've had in the last two to three months in commodity prices plus weakness in demand in europe.. there is very little cost plus inflation. and i think that actually guarantees that the ecb first of all stays at 1% for

the data is pretty straightforward. people who drive and talk on the phone put themselves and others around them in dangerous situations. >> whether they are doing that on my hands free device orrin cellphone, the destruction of the conversation causes the increased likelihood of a car crash. >> the new york times says the former national highway safety head was urged not to release the data to antagonize members of congress. >> now your forecast with john collins. >> we want to go into some stellar whether or something out of the ordinary, and we're going to talk about the solar eclipse, and we have to go halfway around the world to india and china. the area of the path of a total solar eclipse. not many of them occur. here are pictures over india and china, where its totality. here you see a picture that goes under total darkness. the area when for over six minutes in total darkness, which is unusually long. you see a time lapse picture going dark. this is where you see the corona of the sun. and he did atmosphere off

>> i think the worst is behind us, yeah. there is so much data that look very bottomish. i think we're really on the way up. people are always arguing with me about just because it is not as bad as it was, does that mean it is better? everybody knows the data is bad. the markets, the housing market is bad but it is getting better. that's the positive here. >> go ahead. pop our bubble. >> well, i don't know what number these guys are looking at but we need to look at the methodology that some of these people are using. whether it is case shiller or the u.s. census. the case shiller that you were referring to earlier in the program -- >> sure. a pass percent from april to may. >> the methodology they use is one family only. >> single family homes. >> rather than talk about methodology, let's zoom to the big picture here and just tell me, does it better better or worse. >> it is getting worse. it is getting worse because foreclosures are now hitting the borrowers. >> but foreclosures, one study shows, the reason they are up, it is not the prime stuff but places where people h

but they cannot take this information and put this in the data base. this represents the concern, especially if we know that we have the ability to put more information into the machine. we can say that most of the state's only have the information that is on the front of the card, in the future this will not be the case. we may not have the opportunity to discuss the security, we are looking into the future and we say that as we look for more information we will make certain that this information is secure. this information is of more concern because you cannot see what is in the zone. you know that they are only using this information as a protection to say, if the person is wiping the car they can only read the information on the front of the card. and there is also the security threat of turning over more information. he used to be the cio. he put up a number of measures to make certain that these workers are checking against the data base. this was the security and the privacy protection that was put in place, this should go into effect for other p

is the oldest financial data available -- it appears that no pattern ever appears. t's completely random. and any mathematical model which tried to introduce a prediction in the evolution of the prices in the market, all these models have been proven wrong, including many models which have been used these recent years, at least not to lose money. these models were attempt to predict the evolution of the crisis. they all failed. and the conclusion of the mandel is to say that at that stage we have no mathematical tool to predict the financial market, therefore, randomness is mild in the physical nature. in the financial world, randomness is complete or wild. this is what we know at that taj. i want to elaborate but you have many mathematical models which comes to your mind and which have been extremely popular until the recent stock exchange crisis, and this model proved are not to be extremely precise. the second question is about the relevance of mathematical models in general, and do they take into account human parameters, human nature, and common sense. the purpo

in categories that is down slightly from last year by 12 schools, more on this as we comb through the data coming up at 4:00, 5:00 and 6:00. >>> the water gate hotel made famous is on the auction block. the bidding began a short time ago. a 30 day foreclosure notice last week. water tbeat complex was made famous by the 1972 burglary that led to richard nixson. resignation. >>> overcast day. cloudy skies over baltimore, could we see rain or storms later on? eye witness news is live with first warning weather coverage, we will go to the answer and talk with bernadette woods in the first warning weather center. >> want to show you first warning, we are dealing with the same storm from yesterday, but it's scooting its way up the coast and a lot of us missed out on the rain out there. the bulk from the first round is to the north. new york city in to new england. this will move northward, there is the chance we could see a thunderstorm breakout through the afternoon. it's just a chance this is not a guarantee with this one. there is one on the way. we will have that forecast coming up. >> still

the ranges. as we get to plenty of econic data. the most innate companies in theorld know that connectivitys about reaching further faster than anyone else. tother, we're helping to she the exchanging world. nyse euronext. powerinthe exchanging world. >>> we turn our attention to the currency market. the dollar-yen is down to 92. 29. the euro-dollar fairly steady. pounds against the dollar slightly down. and the dollar-swiss franc down a little bit. >>> tony, we seem to be in this phase where the dollar and yen are stronger and vice versa. we're in the ranges though. what are we going to draw inspiration for from this week? >> not much happening this week. last week, the two hidden currencie currencies, dollar and yen and the yen performed better. there is all sorts of talk of intervention. but in times of volatility people go to the safe haven. we go to the reporting for this week to give us more direction. a lot of news starting from tomorrow. we've got cpi and the first of the major banks reporting. we've got employment stuff. al

we will try to do our own mapping and the tet-gathering. -- data-gathering. folks need to manage their expectations accordingly. hopefully, of the broadband plan will continue to be iterative after february 17. it is difficult to keep up with internet time but we need to make sure we did not slow down internet time in the process. these are challenges that i hope will adjust all expectations and i look forward to working with you and all my colleagues and all the stakeholders. i look forward to going throughout the country to learn more about this. i have already started. i was in alaska in early march when it was 50 below zero outside. i learned the unique challenges with the eyes and extreme weather conditions and how they are satellite-dependent. that will be the first of many trips. thank you all very much. i look forward to working with you further. >> thank you, commissioner mcdowell. thank you, blair, for laying out an aggressive, energetic, creative game plan for tackling a project of such great importance for the country. it is also for the fcc. congr

. >> they're going to collect the data about william j. reilly, and then they're going to put that together with all the other stuff and come up with statistical data as to who in the country has what, and based on that they'll model who ought to get what treatment. bill: but on a computer disk in d.c. will be what's wrong with me. >> yes. bill: based on my medical history. >> right, next to your social security number. bill: that makes me very nervous. these are simple questions that i need to have answered. so he says, president obama says, that when they get through in congress, it's not going to add to the american debt. we're all on the verge of bankruptcy now, as everybody knows, all right, but this will pay for itself. >> first of all, nothing in health care has ever paid for itself. secondly, the congressional budget office which is bipartisan -- bill: cbo. >> experts, incredibly well-informed, has gone through each of these cost savings he's talking about, and refuses to score them. which means they refuse to say this will save 100

the cloud, essentially, is the internet. data, then, is in the sky, or the clouds-- that is, on the internet, actually in some server-- waiting to be called down to earth just the way you get information from mapquest or a google search. using the ever-growing storage capacity of servers belonging to companies like google or ibm, businesses and scientists and others store data on the internet, and then access that data and the programs to use it online only when they need it. it's like hiring taxis instead of owning a car, if you don't need one all the time. it's cheaper, and you don't have to worry about upkeep and breakdowns and parking. salesforce.com, a business software service company, is one of the leaders in providing cloud computing. the firm has nearly 60,000 business customers. >> ... this whole cloud that we have for infrastructure... >> reporter: mark benioff, its c.e.o., has become an apostle for the concept. >> you're not having to go out and choose which software package is right for me, what hardware. "is this so

. >> they're going to collect the data about william j. o'reilly, and then they're going to put that together with all the other stuff and come up with statistical data as to who in the country has what, and based on that they'll model who ought to get what treatment. bill: but on a computer disk in d.c. will be what's wrong with me. >> yes. bill: based on my medical history. >> right, next to your social security number. bill: that makes me very nervous. these are simple questions that i need to have answered. so he says, president obama says, that when they get through in congress, it's not going to add to the american debt. we're all on the verge of bankruptcy now, as everybody knows, all right, but this will pay for itself. >> first of all, nothing in health care has ever paid for itself. secondly, the congressional budget office which is bipartisan -- bill: cbo. >> experts, incredibly well-informed, has gone through each of these cost savings he's talking about, and refuses to score them. which means they refuse to say this will save 1

. >> they're going to collect the data about william j. o'reilly, and then they're going to put that together with all the other stuff and come up with statistical data as to who in the country has what, and based on that they'll model who ought to get what treatment. bill: but on a computer disk in d.c. will be what's wrong with me. >> yes. bill: based on my medical history. >> right, next to your social security number. bill: that makes me very nervous. these are simple questions that i need to have answered. so he says, president obama says, that when they get through in congress, it's not going to add to the american debt. we're all on the verge of bankruptcy now, as everybody knows, all right, but this will pay for itself. >> first of all, nothing in health care has ever paid for itself. secondly, the congressional budget office which is bipartisan -- bill: cbo. >> experts, incredibly well-informed, has gone through each of these cost savings he's talking about, and refuses to score them. which means they refuse to say this will save 1

but the focus this week will be on the economic data. we've got dow jones futures up 25 points ahead of value. nasdaq futures are higher as well. and s&p futures up two points above fair value. looking at the ten-year bund, we did get that consumer data out of germany. that is a bit more bullish. we've got the ten-year bund at 3.5%. here in the united states, huge week for trish issuance. the treasury is going to be auctioning off some $200 billion, most in near-term notes. more than 100 billion, two, five and seven of year notes. and 90 billion of one-year bills november not quite as fraught with concern because they're more near term. nonetheless, folks will be watching auctions. >>> taking a look at gold. up 4.5, at 955. goal extending a little bit this morning. steve? >> i really do believe in happy mondays, one of my favorite groups. ryanair is warning the rest of the year will be tough after first quartered profits were skewed by 42% destruction due to fuel costs. europe's largest diskrount air traffic group graduate thanks to loyer

you look at the amg flow data, we don't have excessive flows in our market. u're seeing them go into the emerging market but not our market. so we're also finding individuals still more on the bearish side than the bullish side. that's when you look at the aaii survey. so everything stacks up that's the money and the sentiment can still drive markets higher. >> isn't that interesting that they're going into emedging markets? is that what you're seeing? >> we're seeing emerging markets, long-short equity managers and some global macro and credit strategies as well. and i think if the money's going to continue to follow performance and go to some existing managers that may have been redeemed for liquidity purposes in the end of last year. >> i guess because they feel that's where the growth is, the emerging markets. >> that's right. >> what about the holdings of commodities? mary ann, hedge funds still holding steady, their long positions in crude oil. is that right? >> they are. they have generally been selling the energy complex, but they're still long. as i s

the data over the last month or six weeks or so, better than expected.f you don't meet those expectations, what's going to happen? >> great debate. they low balled them initially when they thought the we'lls were coming off the locomotive and the green shoots showed up. they ratcheted them back up. that's why i'm thinking we're going to look more closely at the outlook than the actual earnings and see what happens? >> ism, services sector is 80% to 90% of the economy. i would think that would be important it. >> should be. however, traditionally they tend to look at the manufacturing baz being slightly more accurate and having a better weight. we'll wait and see if they shifted to service, particularly in for thursday's shocking numbers. >> what are your thoughts about the president over in russia? is that going to impact trading over here at all? >> not so much. it could impact it later in the week when the g-8 gets together and puts the dollar on the table do they start to debate the reserve currency. >> thanks so much for joining us. erin, back up to

the dollar. so if we do see some further strong data, it will actually keep the dollar under some pressure for the time being. although i would suggest that although we are seeing some strong data coming through, strong earnings coming through from the financial sectors, we need to keep a close eye on the nonfinanci nonfinancials, some areas there. the story may be quite different. if we start to see some more negative surprises as we get further through the reporting season, then some of this optimism may start to fade and that would allow the dollar to recovery some of the ground the dollar has lost recently. >> ian, thank you very much for that. good talking to you. >> coming up next here on "worldwide exchange," we will continue to monitor and bring you all the headlines making story across the globe. >> is intel a good barometer for earnings season? we'll bring thaw analysis. companies on the planetmosl speak one financial language. the language of exchanging. together, we're helping to shape the exchanging world. nyse euronext. powering the exchanging world. whento compliment theirflac benef

we'll bring you the latest data. three days after the hotel bombing in jakarta, we'll speak with the indonesian trade minister and the impact on the country's security and economy. >>> okay. so it looks likes global equities started off the week in a positive frame of mind. we'll wrap everything up from you from around the globe. christine is obviously going to be there in singapore. we'll start off though with sylvia in frankfurt. >> we have plenty of numbers floating around. let's face it, the porsche saga is the latest saga. the infighting of the owner clan. who will take over and who will lead the company. it looks increasingly likely that the volkswagen/porsche plan is the one that is on the table and will be agreed upon. we have to say this cautiously because there are so many twists and turns in the story. thursday will be the decisive board meeting in the company. one of the owner shareholders of porsche was pushing for the vox wagon takeover. he sits on both advisory boards. he will shake things up. approxima

it means not just accepting data, but the into data it means into data to find solutions that proceedideology and that make a positive difference in the lives of all americans and help build a new infrastructure that builds a platform. the work ahead of us is heavy. our time is short. the opportunities are tremendous and the consequences for our country for failure are enormous. ringconnect 1200 if neither of my colleagues has any further comments, madam secretary, please tell us what we do next. ç[laughter] >> thank you, mr. chairman, you may now adjourn the meeting. >> do i? >> it is yours. [laughter] [applause] >> this meeting is adjourned. [laughter] [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009] >> alaska governor sarah palin has announced she will not run for reelection and will leave office next month. here is part of her statement. we are doing so well, my administration. their accomplishments speak for themselves. we work tire less li for alaska. we respectfully and responsiblyly use our resources.

so the u.s. data, everybody is looking closely at it but i'm afraid nobody is looking for good signs at the moment and that will pull the market back for the next month or so. >> ian, it's difficult for the market, even with data coming out to really do much in the face of rising unemployment. those jobless numbers last week were obviously concerning to the markets and caused a big sell-off here on thursday. >> yeah, that's right. job creation certainly needs to pick up as the economy picks up, which proebls looks a long way off at the moment. actual rising in layoffs doesn't look that bad and i think it's normal for the market to be worried about rising unemployment. it's a perfectly normal reaction as the economy has gone through the shock that it has. so i think if you look at the more forward looking indicators, they're all actually pretty positive. so i can't get too concerned at the moment. the market needs an excuse to sell off and it's taking this. but it all looks fairly predi predictable fro

bill: let's stay with the data. >> with regard to the data.he data is going to go to a bank in washington, d.c. it has to. >> you're talking in terms of some bureaucratic process. bill: no, i'm talking about you, dr. mark lamont hill, having a condition, whatever the condition is. now your physician knows it, and the physician tries to heal you. >> seems appropriate. bill: that, that's what it's been, and that's the way it should be. patient-doctor confidentiality. with his program, that's gone. it goes to d.c., and the bureaucracy decides how to treat you, not your physician. doesn't that worry you? >> it doesn't worry me at all. once again you have a private option and a public option. if these things don't work, then it's the other way. that was obama's point. bill: you don't mind having your condition whatever it may be leave your doctor's office and go to d.c.? >> and be part of a health care system. it's not going to congress, it's going to a health care system. bill: it's going to a data bank that can be accessed. ok, if you don't mind

if you look at the data files on the march, before the subsequent events, people had a very different opinion about the pakistan taliban and its goals and the likelihood it would succeed in those goals. again, they think the taliban will just stop at the north west frontier province. when we asked about the likelihood of the taliban takeover, there is very striking is variation, and you see a very different provincial got -- provincial grouping. these folks are at ground zero. they are much more at the believed they will actually take over. folks in the print job are more skeptical this will happen. they were the most skeptical. we also wanted to understand how folks in the different provinces view the government's, as well as the pakistani taliban, with regard to the conflict. you see fox in the nwfp have the sympathy is that lie much more with the government. there is another interpretation. the only way that we can really know is through some sort of correction model. there are long sought -- longstanding issues of disenfranchisement with the government. you see that going on with

most of the data suggests that, dennis. if you look at the challenge or layoff announcements, they're back to precrisis levels. initial unemployment claims have been rolling over and coming down for several weeks, both suggesting an improvement in the labor market. but there is no doubt that dave tice is right, the labor market is in bad shape, close to 10% unemployment rate. but that has never stopped a recovery from happening before. of at the bottom of a recession, there are few sales. there are a few jobs. but that doesn't mean the profit margins start to get better. that doesn't mean that housing starts start to bottom out. that doesn't mean that layoffs start to quit. a lot of the stuff that you see at the bottom of a recession is very evident today, and i think it is building a case that recovery is coming. >> steve staller, you're a bear. how important is a housing rebound to a broader economic rebound? >> well, i think the -- a big portion of these houses that were -- that were just sold, we have to look at the disc

>>stephens: my concern is that the access to that data will be uncontrolled. just as we witnessed with the regulation of investigatory powers act, that the number of authorities that can gain access to the interception data - and the purposes for which they can gain access - will become broader and broader overtime, until it effectively becomes public domain information. >>reporter: despite taking precautions it's inevitable that some personal information may leak onto the web be used by criminals. >>russell: you might think your private data is very valuable - and of course it is to you. but the criminal market for this kind of information works on mass sales rather than high value returns. you might be surprised to learn that your personal identity is worth very little on its own. >>reporter: cyber criminals actually buy and sell unprocessed key-logged data recorded on compromised computers by the gigabyte - like you and i might buy fruit and vegetables by the kilo. online bank access & credit card details for a uk account can be bought for as little as $5 ea

. >> the pros and cons in the housing sector. some recent data offering a glimmer of hope for real estate. but are we really seeing a bottom in we're going to see if there are really signs of life in the housing sector. that's coming up next. oof! i hope he has that insurance. aflac! you really need it these days. how come? well if you're hurt and can't work it pays you cash... yeah to help with everyday bills like gas, the mortgage... ...and groceries. it's like insurance for daily living. so...what's it called? uhhhhh aflaaac!!!! oh yeah! that's it! aflac. we've got you under our wing. a-a-a-aflaaac! he. >>> the mortgage bankers association reports mortgage applications fell 6.3% last week. that's because rising rates for a 30-year home loan inched up, resulting in an 11% drop in refinancing. cnbc's diana olick has more on what those numbers and the rest of the data we've gotten this week is saying about the state of the housing market. diana, you have had a very busy week already. tomorrow's going to be no different. we get some foreclosure da

brooks came out with the polling data that came out a month ago which was fairly depressing. could you tell us how we speak to the young people? >> first of all, i am not particularly surprised were ejected that some pollster -- or dejected that some pollster find some flirtation with socialism among the young. duke and the room does not remember how malleable your views were when you were young? mine were. i think it is still game on there. first of all, as a practical strategy, we cannot force that -- we cannot force it -- it -- forfiet the ability to speak to the next generation, and you are simply stepping yourself as a movement that is facing forward. there is so much to say the young people right now, so much at stake to them. the way they structure their family, and specifically the debt that a pilot. if they think student loans or a problem, just wait. they are becoming aware of this. i probably recklessly gave a commencement speech years ago about standing on the shoulders of the last generation, don't do that. >> you want to hear something depressing? i went back and

do you buy the data? >> the data show very clearly that the average recession since 1990 has been a little bit deeper when it's come to job loss and much slower to come back. if if you look at the comparison here, what that shows is the blue line there is the average recession. the job loss from 1969 to 1982, and then three recessions in there. look at the orange line in there, the average recession, 90 to 2008. and then broke out the 2008 recession. deeper from the peak and is longer to come back. but look at one other thing which i think you were alluding to, melissa, the upside of this is productivity. there is the recession, the average recession, '90 to 2008. market upward shift there in per hour worker there. you can see we remain more productive through sessions than in the past. >> michelle, i'm going to put the unemployment claims chart up on the screen, the four-week moving average, because we've had an issue with car layoffs, whether they're seasonally adjusted or not. maybe we can get that ini

the only way you can look at the impact of urban-rural age, or other so's your graphic data is to do and ols. the percentage of urban rural is different within the province. the only way you can do that is through a regression. when jacob and i have looked at anti-americanism, and i hope i am not distorting the results, but we have found similar things about youth being more -- they are certainly not more pro america. when we looked at this in a regression analysis, there were differences, but you can only do that by doing a regression analysis. >> i may foreign service officer -- i am a former foreign service officer. i did a lot of work on research. i am skeptical of your pole dating. human beings are very complex, and it is difficult to come to conclusions based on a broad spectrum. i have two questions, if you do not mind. one is a speculation on what are the sources of these impressions that you have tested for. i wonder to what degree, since the two groups split between the border provinces with afghanistan and the rest of the country are pronounced, to what degree has the effec

was there any surprise in the beige book data to you? >> no, not really. in q3, we expect to see positive gdp growth. this is extremely significant. the recession is ending. there is a lot of caution in analyzing and predicting the recovery. there is a lot of awareness with the fact that with unemployment arising and we will see weak data tomorrow on the jobless claims and the housing market still just about to find the bottom, the prospect for consumption is great. but improvement is coming, especially beginning now and that is important. >> it's interesting this week there's been no debt appetite and is that a reflection of the fact that people are worried about the economy or is it the timing? and this comes in the week when the u.s. and china have been talking. >> yes. it's a very interesting point. the situation is complicated because the week was a week of very high supply of debt from the u.s. government. that, of course, did not make things easy. in the background, even with the recovery coming on line, there is a lot of concern about the size of th

the u.s. >> ok, thank you, clay. christine will take another slice at these data. so when you hit the button, it makes them appear. >> it's so complicated. so let me give you a brief overview of what we're trying to do with this next presentation. this next presentation tries to disaggregate with pakistan looked like. we tried two kinds of disaggregation of the first kind was urban/rural. we didn't actually find a lot of variation between residents of the world parts of pakistan and those in urban areas. so we're presenting here interprovincial differences. it's important to say that in pakistan there's often more variation within a province than there is between provinces. so the only way we can really look at the determinant variations in a country is through a regression model and that's obviously not something we're doing here. another caveat is that this sample size is only 1,000 and the sample was drawn to be nationally representative. so we are very cautious in presenting interprovincial differences because the sample was not drawn to be representative at the

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i was the first to report you played the clip earlier all of the science data was missing. geraldo, for nasa to come up and say all of the tapes were erased this is incredible. this isn't just one tape. this is rolls of tape labeled apollo 11 moon landing. someone has to physically go and erase it. it just -- i really in my heart, geraldo. i want us to go. all of you viewers want us to go. if you watch my film over and over again i don't know if you have a dlip of me razor ranged off the moon. it turns out the russians landed all of these unmanned probes on the moon with laser reflectors. the challenge of trying to prove it are great. i hope we landed on the moon but come on, geraldo. >> we are joined in l.a. by bill nye the science guide educator engineer he contributes to the sceptic magazine which might be appropriate for this topic. aron is right about re -- erasing the tapes. how in the world do you erase the tapes of the most historic event in 2,000 years. it's not like it was a bar mitzvah. you know what i mean? >> let me start and say what tape are you showing if all

it puts the onus on the companies trying to gather this data to make sure they have agreement. and to the extent there is less data being gathered, one might argue the accuracy or the relevancy of ads served online must suffer. and that might be the requirement placed here in the path to getting this transaction approved. >> that is actually a really interesting point, because we've gotten a bunch of e-mails saying google is the only one that saves forever your search information. you know, it sounds like big brother, but at the same time, isn't that how they help you search better in the future? isn't that how they help advertisers get returns for, you know, what we think of as being relatively worthless advertising when you look at online, you don't necessarily pay attention to it, and may not buy that product. david, it seems like this is going to be a threatening issue. >> it is a concern, as we clearly indicated. and yes, advertisers have been gravitating towards the internet, because they have gotten greater productivity in terms of ability to try to take a mass medium and

this is the only option, to go to a convenient store -- i can give you the data right here. a study done in the south side of chicago where 600,000 people live in what's called a food desert. there is no whole foods as you have. no gourmet grocery stores. >> we are dying as a country. >> let me finish the data. i got to give you the data. 600,000 people on the south side of chicago live in a community where there are no grocery stores. their option for food is a convenience store. >> by the way, convenience store would have to change their model if the pricing pointed to it. there is no other solution. >> what about united healthcare? united healthcare settled a $50 million suit brought because of overcharging people, overcharging people. they would go in to get a treatment and they were fined. make up the money there. why punish the people who work hard? the people who get the soda shouldn't be punished. >> maybe an uneducated person who is not feeding their children possible. >> go into an urban neighborhood and realize they don't have healthy options. >> why are you so hel

. >> reporter: the data released today on the dangers of using cell phones while driving has been kept under wraps for years by the very agency tasked with protecting us on the highway. the research suggests hands-free headsets and built-in phones like on-star are no safer than hand-held phones. it's the conversation that distracts drivers. and the research calls into question laws passed in five states and washington, d.c. requiring drivers to use hands-free phones under the belief that they're safer. remarkably, the national highway traffic safety administration has kept hundreds of pages of the research secret since 2003. the documents were only released today by public advocates who had to sue to get them. what was their reason for keeping these documents secret? >> from looking at the documents now, it seems like nothing more than an agency who knew about a serious safety problem and didn't want the public to know that they weren't doing anything about it. >> reporter: why, is the question. safety advocates suspect the government didn't want to upset the powerful wireless industry

the 25 to 49 be more affected. at least preliminary from this data. what we needed, some things we need other than founding with a smile, more wireless access for laptops, workspace templates and emergency operations centers, pre-identify and traditional stuff to support the pheoc and distribution sites and we need staff. my staff was at the image of being burned out. we have got to get and make sure we have a staff that is sustainable for the long haul. the national guard made a mention from the bureau one of the major generals and what his statement was is that in the army there is one of these statements that says in the day the bea weare. people who are becoming ill should be put on the cyclist so when they are recovered they can be reinterpreted in areas where you have potential risks for exposure. also better private-sector involvement and much clearer definition of the usage and when it is appropriate to use an mi5 mask orloff mask. even a coif basque can stop you from inoculation and maintain local drop site database and restructure all of the

the consumer spending habits are shifting into data. the massive proliferation and growth in applications really proves to us that the consumer as concrete for more and more data -- really. stress that the consumer is hungry -- amass a proliferation and growth in applications shows us that the consumer is eager for more data. there is a lot of buzz around the iphone. that is still a relatively small market. it is a fast-growing market. i think the jury is still out as to who will take over that. >> janet yang, thank you. >> political campaigns have gone high-tech. at the digital media conference, there was someone there responsible for the obama campaign platform. what is distributed networks? >> we are mobile marketing and technology company. we help brands, political clients, and government organizations to manage text messaging and communications via cell phones. the best known example is the text messaging done during the presidential campaign. barack obama used it to keep in touch with millions of people by text message to let them

in the latest data from case- shiller lawyer, it is beginningo stabilize. host: what parts of the country are seeing the most activity? guest: the boom and bust was in four states. california, nevada, arizona, and florida. these markets had the excessive boom and a big bust. home prices have come down 30%, 40%, and sometimes 50%. these are the areas that are now beginning to see strong buyer activity. the middle part of the country, where there is sluggish activity. there are some signals that the declines are beginning to lessen. host: what does this mean to the broader u.s. economy? guest: the housing market is critical in getting the economy back on track. when you look at past recessions, it was always the housing market recovery that led to economic recovery. it is critical that the housing market does turn around in order to have a sustainable economic recovery. i do recognize that we have a massive stimulus package into the economy, but that can only be a short-term lift, if the recovery happens without the housing market. getting the housing market t

of the data stored on the world's computers will be medical images.the trouble is all of that information is trapped. x-rays aren't talking to... medical records aren't talking to... patient histories aren't talking to... insurance forms. we're trying to connect all that data... make it smart. we would see the patterns in your medical history... in the histories of entire populations. predict dangerous drug combinations.

there will be a lot of noise in particular when it comes to the third quarter of economic data. so the likelihood of a positive surprise in the third quarter is pretty high. but as i said earlier, when referring to the quality of earnings we're getting at the moment, it will be all about the sustainability of earnings into 2010 and when you look at the consensus or the s&p for 2009, we're talking about $55 for the s&p and expectations are for $72 in 2010. and i think we all agree to get from 55 to 72 based on cost cutting, this might be tricky. so we need to see a decent recovery this is where i would put my question mark whether this is us stainable or not. >> we've been seeing a wide valuation gap between asia and equities. are we perhaps overextended in asia and would you advise your start position for a correction. >> i think that the valuation -- again, i'm a global fund manager. so when i look at the global valuation picture, i think of the stark contrast we have between europe and the u.s. when you look at underlying growth, fundamentals and dynamics. i think here a 35 dis

we're going to get the data from the energy department at 10:30 a.m. eastern time. this market is once again focused on washington. the second day of hearing t from the cftc starts at 9:00 a.m., just started, and goldman sachs, jpmorgan testifying. they say one thing to look at is what they say about exemptions for club dealers and etfs. that could be key in their position on this debate. back to you. >> thank you. >>> up next, bing, in this morning's faber report. david is on the microsoft/yahoo! call search for details. >>> and joe has his mouthful this morning. a run down of results from time warner/sprint, biotech two, could they be the catalyst. we'll find out when we come back. eseseseseseseseseseseseses the street." i'm david faber listening in still on that microsoft/yahoo! conference call. they are discussing their search deal. a long time in coming has been that yahoo!/microsoft search deal. well, microsoft potentially taking control of yahoo!'s search function. what can we tell you about it? well, a lot of things, of course. let's start off with take a l

we are back with more.  >>. >> the dow and nasdaq up almost 2%. rather favorable jobs dataout this morning and a seven-year auction went well and a buy recommendation on our parent company, ge. among the favorable conditions and among the earnings, there was a state of earnings and a good year tire and dow chemical. doing rather well. >> whether it holes to the close, there is momentum there and everybody is watching. the economic report card could have major implications as to whether or not the triple-digit advance continues in the dow. tomorrow morning the government will release the highly anticipated gdp report in years. steve leesman is here to break down the components. steve in. >> thanks very much. a lot of hopes this could be the last negative quarter of the recession. let's look at the estimates. the estimate of 1 1/2. significantly better than the 5 1/2 and the 6.6 we did in the first quarter. quickly what you see here is four quarters in a row of negative gdp and haven't done that in the postwar era. we will show you why this is the worst recession. >> let's lo