so for t u.s.embassy and the clinton administration, bush administration, excuse me, georgeerbert walker bush, he was the fixer for the u.s. japan relationship. rethen wrote a book for japan which argued that the old style of japan decision makes was all messed up. he talked about going t the grand canyon and seeing that there were guardrails and in other places there weren't. and he thought about it. and he thought in japan there would be guardrails sing please be careful. and he said the americans expect risk. they accept a certain amount of individual risk. and this is the problem in japan. japan needsore accountability and needs to be more normal country. ozawa has gravitated and he's now echng the logic about how important it is to keep the japanese -- it >> it makes me wonder ozawa wrote the book. it may say more about him that he's trying to capture the zeitgeist back on the machiavellia time. he does have a vision, it's basically conservative and nationalistic. it's about japan's reputation

as regards to the u.s. economy and the u.s. stock market, the one cumulonimbus cloud hanging over the market is retail. if people are unmroip employed, that is going to restrict the spending that happens and it's going to make those who got jobs sir couple expect and you are very reliance on retail. it is something to keep a more on. >> david, are we going to see some profit taking? >> i think basically it was a pause for reflection and people just wanted to check out if there were any sellers there. from what i gather, talking to my colleagues, the sign of real out there is not there at the moment. the market seems on pretty good terms with itself. i think it would take very poor economic data, not even average data seems to move the market. next week, of course, we have michigan sentiment on friday. that will tell us a little. >> david, it's maura here in asia. what do you make of these new regulations to ban flash trading in the united states? do you think that's going to affect nv any kind of market activity? >> i don't thi

thanks u.s. banks are being encouraged to set up repentances wit to been a bank's but your point is that there might may not be the man into before these more modern technologies. the amount of money could increase because the amount of money that cubans have been a u.s. or americans in the u.s. are able to send more money there. and there will increase the possibility of the currency in cuba to buy the stuff. americans for some degree will be financing this by sending money to cuba to create the demand of the new u.s. services that may be looking to cuba. this interesting way to say it. how can these be greeted with you grope and revolutionary cuba house this in the power structure? and power stocks to will be been affected by this money. also most importantly the people of cuba will be benefit to it. having something else to eat something else to listen to. during my time before i left school in 1996 it was awful. it was you were lucky if you could find a public telephone and mouse. a lease now

u.s. and its no carrier ring no carrier ri allies. iran upped the no carrier stakes early this morning, ring reportedly test firing a no carri long range missile capable of reaching israel and u.s. no carri military bases in the gulf no carrier region. >> > sometimes countries like ri iran and north korea will make in kind of macho show of ri no carriforce, largely for ring domestic purposes before they make no carrier ring a no carrier ringconcession. >> reporter: the country spent all weekend flexing its ring military no carrier muscle firing more than 400 short and no c medium range missiles. the ring tests come just no carrier days ri after president obama no revealed to the world that iran is ri building an underground nuclear no carrier facility near the holy city ri of no carrier ring no carqom. iran's president claims the site is just for electric ringfrisity, butt u.s. isn't buying it. no carrier >> it certainly is hard to accept that at > face rivalue. >> reporter: u.s. officials

do you think this is the u.s. indicating that they want to take slightly more of a back seat to this global recovery story? in other words, don't rely too much on us right now, we've got enough to deal with in our own country? >> well, basically, yes, that's our main picture. if you look at the debt on the side, that is important. the only ones who can afford to spend is china and other asian countries. i think we'll have a shift in balance in economic terms, at least in the short terms, that china especially will drive the growth train while the u.s. will remain back seaters. >> and what does that mean for your positioning in portfolios? >> well, our position is basically that we are heavily exposed into emerging markets, even though the volatility is quite larger here than compared to the u.s. or european markets. and we are downsizing our positions in u.s. and europe. currently, we believe that the u.s. is a bit overvalued compared to europe historically, so we have a slight overweight europe versus the u.s. bu

u.s. corporates have gotten themselves in such a lean position, that they are in a position where they can respond. any increase in revenue goes straight to the bottom line. but it's a question of there will be no hiring until we've sweated the existing assets, existing labor force and built up every use. it's about 63% of existence. and only then when you start to see people wanting to go and pick up -- and it's not a question of hiring for the same old industries. the whole game has to be raised as the u.s. and the west works into an evaluated site. >> kim, can we have a recovery without having a job recovery? >> we have seen that in the past, yes. i think that we can, yes. >> and how would that come about? i mean, in terms of what's the time frame and -- i mean, we're looking at one out of ten people more or less being without a job both stateside as well as in europe and many places. >> i think what we have to focus is those that are fortunate enough to have jobs, they have built up hi

the u.s. consumption growth is unlikely to be there. as we're moving into next year, we have heavily dependent on liquidity, which has been driven in a large part by the stimulus measures, but also by a return almost to sort of klattical investment banking models that we've seen in the u.s. and commercial banks to some extent in europe providing a lot of financial liquidity. sole a lot predicated on that. and to an extent, a large extent, hope that the government is forthcoming globally. and do you agree with what mark is talking about? how much will it be felt in europe or the u.s.? >> i think the world economy is very interconnected now absolutely, sitting here in europe where we're all looking at what's happening in china and saying, can china save the world? is the growth in china enough to keep the world economy ticking over? mark is absolutely right, there will be slow consumption growth, if at all, out of europe and the u.s. because we've all got far too much debt and have to deleverage

either the individual as in the u.s., or the employer in the u.s., or the government in the u.s.re is no other source of funding. if you look at those three, then you try to identify it away to provide universal health care by these three different mechanisms. that debate and the solution for it has to be the leadership of congress and senate to find the right solution. i do not believe, and neither do i think that the model we have which is 60 years old is the model for us, the model you employ in the u.s. the principle of having universal cover, whether by the individual or by the government, i believe strongly is the correct model. if you look at most industrial countries they have universal coverage of some sort. but host: we are talking to the british ambassador for health and life sciences. our next call comes from austin in manhattan, kan. on our line for republicans. caller: yes, it is always great to be able to speak on c-span. i watched the show on a daily basis. first of all, a lot like that the doctor for his fine compliments as far as our -- i would like to thank the

u.s. forces in afghanistan. four marines killed in the east of the country while on patrol with afghan forces and in kabul, the capital of afghanistan, a suicide attack on the airport there. at least three people known dead. others are wounded. it was a dramatic development in a day that has seen many dramatic developments. for the first time today, nato commander admits that civilians were among the dead in a bombing on friday. america's top commander stanley mcchrystal now launching an investigation and banning alcohol at the command post in kabul. that is after reports that subordinates were too drunk or too hung over to answer his questions following the strike. however, pentagon spokesmen did tell the associated press that the general's frustration over contacting his staff did trigger the booze ban. he is clearly doing serious damage control. >> i think it's a serious event that is going to be a test of whether we are willing to be transparent and whether we are willing to show that

the u.s. national council, the security council in the last year, because we are a nonpermanent member of the security council. . >> my defense minister should be coming to the united states, as of this month. we had to postpone the visit. from now until the end of the year, i will receive four out of five deputy prime ministers. they are visiting the united states. we understand the besides -- both sides are looking for closer cooperation on the defense and military aspect. due to lack of submitting this year, my president will be in new york late this month. he will attend the annual meeting of the u.n. security council, which mr. obama will attend and they will have a talk. maybe not a long one. but it is a leaders' summit. there is no official -- no official meeting between the two leaders, but they will try to talk to each other, and surely they will discuss how we will move next in our relations. the deputy foreign minister will come down to washington, d.c. for an official visit. i am a

how the u.s.o respond. >> we are going to put them to the test. >> then fugitive capture. filmmaker roman polanski facing extradition to the u.s. on charges he had sex with a minor three decades ago. >> and detecting cancer. the innovative tool that's helping doctors accurately diagnose cancer. it's monday, september 28th. >> announcer: from abc news, this is "world news now." >> i thought you were going to come back to us with this beautiful, bronze tan. >> i don't tan very well. the freckles connect and it starts to look tan. >> but the bahamas were good? >> it was fun. i went out of blackberry range. >> we missed you. i'm vinita nair. >> i'm jeremy hubbard. the u.s. and iran head toward their first face-to-face meeting in 30 years this week. the u.s. is expected to press for blueprints of iran's newly disclosed nuclear site. >> now word comes this morning iran has fired medium range missiles. here's rachel martin in washington. >> reporter: shouts went up as iran conducted a test of short-range

he have the u.s. federal reserve meeting this week to discuss the u.s.conomy and how to support it. they may have to start thinking about relying less on the power of the u.s. consumer. there have said -- has been a survey by ubs and america's research group and it finds there is a whole new generation of consumer and the u.s. now that is frugal, very cautious on the spending money. some of the findings, 75% cut to the down on household spending. more than half want discount of more than 50% before they buy. many of them say they will stick to the lower-priced brands that they had to turn to during the recession. they say it will last probably a whole generation because they realize now that these bubbles exist, they conversed, and they don't want a repeat cycle. fascinating stuff. but it is dangerous in a sense that three-quarters of the u.s. economy relies on consumer spending. and we'll talk about the oil warning in note later report. but thanks, indeed. you are watching "world news today." coming up, it will be his first appearance at the u.n. genera

and in the u.s. right now, it does look like investors are going to take a bit of a breather today after a three-day winding streak for all three major indices because the futures are pointing toward a lower open in 4 1/2 hours' time after decent gains for the dow, the s&p 500 and the nasdaq over the past three days. moving on to the treshry market, let's check the yield right now on the bund first at 3.28%. it's going down just a bit. we do see the government coming in today with another auction, i think it's $20 billion worth. the 10-year bund is sitting at 3.46%. finally, the gold rally remains a big story. it is still below that $ ,000 threshold, but up from yesterday, sitting at $996.35, up $2.95 per troy ounce. as we discussed earlier, this has resulted in new highs being hitter to copper and silver, as well. louisa, over to you. >> new highs for copper and silver, not new highs for the markets. we are still somewhere in the region of this 11-month high that we've been floating with. we're lowe

overall, a positive session nor the u.s. markets today and on that note on u.s. futures, back to mike in the u.s. good morning. >> thanks, adam. good afternoon to you. yeah, it does look like there will be a carryover effect there. it is a quiet start to the week, at least, for economic data. those being the fed's beige book, trade deficit and consumer sentiment out later on in the week. today, we will get july consumer credit figures or the amount of debt that's still outstanding at 3:00 new york time in the afternoon. congress returns to work today after a month-long recess and health care will be high on the agenda. president obama was out in the midwest making his case for health care reform on monday and he'll do so again in a prime time speech to congress on wednesday night. that is your global stock watch. maura. >>> coming up on "worldwide exchange," china swooping in on australia iron ore firms. we're going to assess beijing's appetite for raw materials. >>> and a uk industrial production report is due next. stay tuned. >>> welcome back, everyone. within

the u.s. and five other ring nations hold critical meetings with iran ring about its nuclear program, but the picture got even more cloulded when iran ring tested its no c long-range missiles, a move called provocative by the no c u.s. joel ring brown no carrier reports. >> reporter: iran test ring fired two kinds of no carrier missiles capable of carrying warheads and no reaching israel europe and u.s. military ring bases in no carrier the middle east. the launches capped off a no c weekend of war games, hundreds of ring no carri missiles were no carrier > ring no carritest-fired, commanders in iran's revolutionary guard say their goal was to put their ring country's military might on no carrier ring no c display for the world. ring but the no carrier launches have also set concerns ring skyrocketing across the globe. the tests began just days after the u.s. and top ring allies revealed they know about a secret no carrier nuclear > site ring in iran. the obama no carrier administration and ot

i mean, u.s.g to be here for a long time to come unless something happens much quicker. >> yeah. the biggest variable is the political will of the american people and according to a recent cnn poll, 57% of americans are turning against the war. in 2002, that number was 9%. so that is really the biggest variable. that is the political time line that the administration has to deal with. >> why do you think the taliban is able now to -- they're expanding into the north. they're expanding into the west. why are they -- why is the military situation here in words of admiral mullen deteriorating? >> there are a lot of reasons for that but this is a thinking organization. it was widely advertised the marines were coming to helmand so some people are lying low. there's an effort to show the flag in other parts of the country. show that we can attack anywhere at will. you know, tactically, the taliban remain a problem. strategically, it's not like they can take kabul or any major city tomorrow. so, you kno

while the u.s. authorities are still analyzing the tape, two independent experts who analyzed the al qaeda videotapes tell abc news compared to previous messages they believe that the tape is authentic. jeremy, vinita. >> sonia gallego live in london for us. thank you. >>> you might call it double trouble for the president. health care and the economy, new poll numbers show less support for his health care ideas will get to those in a moment. today the focus is more oversight of the financial industry. ideas he'll propose right here in new york. john hendren joins us with a preview. good morning, john. >> reporter: good morning, jeremy. you're right. president obama is still embattled over health care reform but taking on yet another reform plan. in an effort to avoid another economic meltdown. today, president obama outlined reforms for the financial industry on the anniversary of the collapse that triggered the great recession. >> on monday we celebrate the anniversary of the lehman brothers' coll

do you remember the u.s. attorney scandal, the alleged firing of u.s. attorneys because of u.s. political considerations? recall what that scandal was really about. in 2006, nine u.s. attorneys were fired, surprisingly and suddenly, by the department of justice under george w. bush. former u.s. attorney david iglesias, one of those u.s. attorneys who lost his job despite positive job reviews, maintains that his pink slip came after he resisted pressure from republicans to pursue bogus voter registration cases involving a.c.o.r.n. the pressure began as early as 2002 when mr. iglesias says in his book "in justice" he received an e-mail from the department of justice in washington, quote, suggesting in no uncertain terms that u.s. attorneys offer whatever assistance we could in investigating and prosecuting voter fraud cases. mr. iglesias says he received similar e-mails from the department of justice in 2004 and again in 2006. hmm. what happens on even years in american politics? oh, right. elections. according to documents released by the house judiciary committee in june 2005, k

the chinese government might slap tariffs on u.s. auto parts and poultry imports in retaliation to tariffs imposed by the obama administration on u.s. imports of chinese-made tires. american union workers lobbied for the move to protect jobs because one in every five tires sold in the u.s. comes from china. stephanie dhue looks at the problem. >> reporter: president obama made a point today to say he supports free trade. he defended his decision to slap a 35% duty on chinese tire imports, saying trade agreements must be upheld. >> so when, as happened this weekend, we invoke provisions of existing agreements, we do so not to be provocative or to promote self-defeating protectionism. we do so because enforcing trade agreements is part and parcel of maintaining an open and free trading system. >> reporter: the u.s. tire industry didn't support the case brought by the steelworkers union. instead, the tire industry says tariffs will cost jobs and increase costs for consumers. erik autor of the national retail federation says this dispute

the u.s. dollar, minus 3%. u.s. dollar stocks minus 3%. in other words, they have prospered with a strong currency. we have not. we have gone nowhere. i think that's something as a stock market guy for you to consider, because of the incipient inflation pressures, which may just come back to bite the u.s. in the derriere. >> well, i guess i disagree a little bit. i see a great benefit from that weaker dollar. i would suggest the dollar was probably overvalued in 2002 and has come down and as a result of that, larry, we have been adding about a percent to u.s. growth in this country for the last couple of years now to real gdp growth that would not be there had we not had some dollar weakness. >> jam, we just came out of a deep recession. let's be serious. let's switch around and get everybody involved in this. the cheap dollar and the easy money fed, wasn't that the prime contributor to the housing bubble, the commodity bubble and the energy bubble? that doomed our whole economy. i don't see the cheap dollar payoff, rick santelli. >> look

the u.s.he u.s. secretary of defense may be getting ready to send more troops into afghanistan. at a pentagon news conference, military officials teamed up to rally support for the campaign. >> i absolutely do not think it is time to get out of afghanistan. >> reporter: both acknowledged dwindling public support for the war, but insist the new strategy will succeed as long as it's given a chance. the same time, they say time is running out to secure afghanistan and protect america from terrorist plots. >> and i do believe we have to start to turn this thing around from a securities standpoint over the next 12 to 18 months. >> reporter: but the commanders say they can't defeat al queda alone. britain is america's biggest partner in this war and like the u.s., they're also seeing a growing number of troops killed in the line of fire. britain's prime minister is trying to convince his country the battle is worth the loss of life. more than 200 british soldiers have died in the conflict, but the u

u.s. troops and other international forces in iraq. this mandate was what is known as a chapter 7 mandate. chapter 7 of the u.n. charter concerns and i'm quoting, action with respect to threats to peace, breaches of the peace, and acts of aggression. in effect, the chapter 7 mandate means that the international community, via the security council, has passed legally binding resolutions regarding a particular country, irrespective of what that country's people or government might wish. now the u.s.-iraq bilateral agreement effectively ended the chapter 7 mandate, regarding international forces in high rack. -- in iraq, and this was welcomed in iraq as an acknowledgement of its sovereignty and national dignity. after all, a chapter 7 mandate essentially says that you are a ward of the international community, but you're not capable or trustworthy enough to run your own country. and for anyone, but especially a people as proud as the iraqi people, this is profoundly insulting. however, a numb

and in u.s.that you can't negotiate borders for the eventual palestinian state if bit by bit israel is expanding the settlements and taking away the final territory. >> precisely. right now 60% of the west bank is actually controlled by the israelis. more than one-tenth of the population is israeli and more and more land is being taken away by the israelis for the settlements. what they're calling for is equality that israel recognize and respect international law and that's it. this is what the fundamental demand has been and i hope this is one that the obama administration remains firm on. >> george mitchal and the president has said at the same time is that the politicians have to do a better job of security guarantees to israel. >> well, the politicians have and, in fact, in the latest report card the prints getting glowing reviews regarding security. the two issues are connected. it's not a security problem that has political ramifications, it's a political problem with security ramification

if you look at the detail of the u.s. decision, it is not that they say the missile defense is the bad thing, pwe se, but they say the iranian missile program is not yet at the point that it justifies a missile defense in europe. what the russians are insisting on a treaty that replaces the start treaty, that expires at the end of the year, the u.s. must explicitly rule out ever building a missile shield. whether americans are prepared to do this -- not an option you want to throw light late -- i am not clear. it is a positive for moscow but i'm not sure yet the u.s. is giving them everything they want. >> but there is a feeling washington will look for something in return from russia, and it could be tougher sanctions on iran. you think russia would play ball? >> the vocal to say. certainly the missile shield was the one issue for the russians that have to be overcome before business on really anything else was going to be possible. president medvedev said it just this week that perhaps in separate circumstances sanction

if the talks fail, u.s. officials are promising sanctions that bite and they believe the are russians are onboard. >> you have russians and there is a good chance you could get china. i expect by the end of the year there there will be a new u.n. sanctions decision and new european and u.n. sanctions imposed. i think the squeeze is on. >> even if the squeeze gets iran to promise to stop enriching uranium, some skeptics doubt it will follow through. one says the lesson of the cold war is that the only countries that abide by disarmament treaties are countries that actually want to disax bret. >> wendell, thank you. time is also the focus of our next story, about the place where suspected terrorists caught on the battlefields of afghan and iraq were once sent. catherine herridge tells us about the delay in shutting down the guantanomo bay prison. >> the white house says the important thing now at guantanomo is to do the job right. >> we're not focused on whether or not the deadline will or won't be met on a pa

. >> and i'm julia boorstin in the u.s. the fdic plans to ask banks to pay three years of as banks are dwindling deposit funds. >> hello, everyone. welcome back. very glad that you're with us still on the channel watching now cnbc's "worldwide exchange." we're with you for a full two hours. let's take a look at our cnbc ftse 300. very flat right now. it's not often oouz that. open on a slightly weaker footing for some of them. the ftse 100 flat to a little lower. the likes of compass group, for example, the world's largest indicate caterer come out with a higher market, but the understandsy is still on the lighter side of things. the currency rate in the current session, we're looking at these crosses at the moment, sterling/dollar lower by a tad. a lot of focus on the yen after we had some comments out by the japanese finance minister indicating that currency prevention was a possibility in extreme cases there by adding to a little further yen volatility. speaking of yen volatility, lisa is rejoining us. hi, lisa. >> hello

the u.s.>> iran's leaders can choose. live up to the penalties and achieve integration with the community of nations or face increased pressure and isolation and deny opportunity to their own people. >> nuclear chiefs say u.n. inspectors can look at the facility but not when. that is not good enough for the president. the obama administration want to look inside of the new facility soon as possible. president obama is not the only one whose patients are running short. prime minister netanyahu talked to house speaker nancy pelosi and he said the time to take action on ran and that is now. hi, julie? >> gaining immediate access to the nuclear site is a priority. u.n. inspectors don't want to give time to move the enrichment facility. iran said they never meant to keep it secret. but why is the facility in a tunnel. iran's top nuclear chief saying that the timing of the u.n. inspections can be worked out. >> we are in a state of shock and surprise because we really don't know what to do anymore.

the u.s. no c withdraws. >>> it was one ring year ago today that financial giant no carrier lehman brothers collapsed. part of a financial no carrier ring crisis that rocked this country and the trig foresweeping government intervention in the financial no carrier > markets. today president obama heads to on ring wall street to push his no c overhaul plans and whitt johnson is in ring washington with more. no carrier whitt, good morning. >> reporter: good morning. government spending is the highest it's been since ring world war ii. that spending has been hotly ring debated, but president obama today is expected no carrier to lay out his plans ring no carrier no carrier to > scale back. ring president obama heads to wall street today no car to outline his strategy for ring no car preventing another financial meltdown. >> when ring i walked in the ring banking system the no carrier ring financial system was on the verge no carri of collapse. rfs it was one year ago this week the nation's fourth

u.s. gis were in vietnam, u.s.farming the country, getting a lot of people, and it is just a fact of war. everyone had to do it. çthe war is viewed differentlyy different people. but the war generation in vietnam is still there. the mistrust the u.s. administration -- they mistrust the u.s. administration. it is the same with the u.s. side. the heritage will remain. it is very important, the trust and confidence. during the war in vietnam, the pentagon is where every plan of action, every plan or program operation, but last year the u.s. visit to promote change. it is not easy to do, i can tell you. it is hard to arrange that visit. it is one of the things that makes people from both sides feel comfortable that the military are working together. in the past, the u.s. was in vietnam to fight. but in the last seven or eight years, the u.s. warship has been in the vietnamese port and the u.s. hospital has recently allowed the u.s. warship to search for m.i.a. in our territory. this is a very crucial step that they bu

"u.s.arm report," the latest crop progress report shows illinois slipping further behind average. >> iowa land values show their first full year price drop in two decades. >>> and thanks to doddling crops buckeye farmers they have plenty of time to attend the u.s. farm show. >> "u.s. farm report" brought to you by chevy, an american revolution. >> good morning and welcome to "u.s. farm report." i'm john fipps. i actually committed some pre- meditated harvesting last week as a friend of mine needed to beat the rain to capture a big premium. we captured profusely but to be honest i would have paid him to get that dreaded first day over with. and we forgot to make one adjustment produce add broken belt. while in the cab erin was having a serious discussion with a skull beingy yield monitor. but the happy part of it it wasn't our field or our delay. let's get started with the news now and al pal. >> thanks john. the value of prime iowa farmland continues to check lawyer. the land institute show

but the u.s. government can crow that they have proven that -- >> that airbus gets illegal subsidies. >> richard there is a counter suit. what is europe's complaint against boeing specifically. >> they made the point that boeing benefits from myriad subsidies basically technology development as well as infrastructure subsidies from washington state and various other -- >> tax breaks, for example. >> a very good example yes absolutely. the way to look at it is basically most likely both sides are incredibly guilt of getting indirect aid in one way or another. what does appear to be somewhat unique about airbus' position is the direct application of launch aid for specific products. that does appear to give them a different position. >> and specifically, on the a330 program which -- which may never happen -- have happened without it. >> we don't know the full details. there has been talk that -- talk that maybe the a380 maybe singled out. that is an obvious case because this plane enjoys zero commer

. >>> as the u.s. debates sending more troops to afghanistan, we've got disturbing cell phone video from that country that seems to show afghan police officers surrendering to the taliban, turning over their guns and vehicles. >>> in the philippines anger towards the government surges as neighborhoods remain inundated with water after torrential rains. >>> and we have a behind-the-scenes look at israel's small but influential movie industry, where there is no escaping reality. >>> from the world's leading reporters and analysts, here's what's happening from around the world. this is "worldfocus." major support has been provided by rosalind p. walter and the peter g. peterson foundation, dedicated to promoting fiscal responsibility and addressing key economic challenges facing america's future. and additional funding is provided by the following supporters -- >>> good evening. i'm martin savidge. thank you for joining us. two days before iran holds important nuclear talks with the united states and five

u.s.ed the conflict after the attack on pearl harbor in 1941. before it was over, an estimated 60 million people were dead. >>> cbs news correspondent cami mccormick is coming home after being wounded in afghanistan. mccormick is flying back to the u.s. from germany to the walter reed army medical center in washington. she was seriously injured by a roadside bomb last week. >>> and three people are being held in afghanistan in connection with that bombing. but one of those suspects appears to have links it to the afghan government which may be trying to get him freed. david martin has more from eastern afghanistan. >> reporter: what american soldiers call a security bubble. these shopkeepers and their children, a chance for a normal life. in a string ofville argues south of kabul, u.s. troops are providing security in return for help in hunting the taliban. it's a small scale model of what general stanley mcchrystal is calling for in his strategic assessment, a greater concentration of u.s

the u.s.st north of manila. back then, she was a well loved aide and speech writer for a string of american commanders. >> the good old days. >> reporter: for americans who served here at clark and at the nearby naval base at subic bay, they were the good old days indeed. the most strategically important u.s. bases in the pacific. clark and subic were a projection of american military power deep into asia. the philippines one of the best r & r ports. but it all came to an abrupt end in the early 1990s with two áeujuáy an explosion of filipino nationalism demanding an end to the u.s. military presence here. and an almost simultaneous explosion of nearby mount pinatubo which buried the bases under tons of volcanic ash. the americans were gone within a year. and nearly everyone assumed that clark and subic were history, too. well, just look at them today. the philippines has managed to now called freeport zones, clark and subic operate today under the flag of the philippines and are bustling with

back to you in the u.s. >>> a couple of pieces of news in the u.s. today. the dallas fed survey results for september which are set to be released at 10:30 a.m. eastern, a fragile recovery taking hold in the u.s. and looking at the week ahead, jobs are the main focus for investors. the private sector jobs numbers scheduled to be released wednesday in the adp report. the government jobs report will be announced on friday. manufacturing numbers are also scheduled to be released in friday's ism report, and there are no major companies reporting earnings today in the u.s. christine? >>> hey, julia. coming up on worldwide exchange, can south korea's top mobile firm survive without a significant presence in china? we'll discuss what's next for sk telecom. >>> plus german voters vote merkel back for a second material. is a second right coalition good news for business? we'll discuss after this break. >>> i'm christine tan in asia. sk telecom sells back its stake after not having much success in the world's largest mobile market. >> i'm steve sedgwick. in europe, m

the u.s.? >> you know, i'm reluctant to draw broad conclusions about one specific case. what's disturbing here this is the first time we've seen individuals of afghan dissent be involved in a domestic terrorism plot. you have a naturalized afghan citizen and you also had legal immigrants from afghanistan involved. if this is a one off deal that's bad enough but if we see other afghans deciding to do something inside the united states due to events going on inside afghanistan we have a much bigger problem on our hands. >> does this all show that in the wake of 9/11 all the investigations are working, all the focus on homeland security is doing its thing? >> well, the ultimate metric is have we been attacked since 9/11? the answer is no. combination of two things. one the pressure we've been putting on the al qaeda organization and network outside of the united states has yielded real benefits. but inside the united states the fbi and local law enforcement are doing reasonably good job. most imp

. >>> today on "u.s. farm report", the government issues another big crop report in more than one sense of the word. >>> growers fret about where to stash the upcoming huge harvests. >>> and late-season explosion of crop pests poses a tricky dilemma for producers. >>> "u.s. farm report" brought to you by chevy, an american revolution. >>> good morning. welcome to "u.s. farm report". i'm john phipps. another month, another government report that has some of us scratching our heads. we'll have the details in a moment. i think one constant is emerging. confidence in government numbers for production and forecasts for usage are wavering around the industry. whether deserved or not, should usda numbers be bypassed by private estimates due to inaccuracy or sloppy methodology, it will add one more factor working against individual producer. let's see what they came up with. the agency pushed up its estimate of corn yield by 2.4 bushels an acre over its august estimate. total corn production from this record high

if we have a good u.s. story, better than expected u.s.rowth, that's only good for commodity demand. i'm looking at currencies like the canadian dollar, the norwegian crown, they've become popular trades. for good reason. it's fair to stick with them. >> final 30 seconds. >> i think that talk about commodity currency, gets us to focus on trade. i think the driver of currency does not trade flows like commodities. it's really about capital flows. we get capital flows into the u.s., diversifying into china or brazil is not a workable solution for most americans. these currencies are very restricted. that's why they're not going to replace the dollar anytime soon. i say stick to the greenback. >> mark, thank you. rebecca, appreciate it. thank you for a good and hearty chat on the dollar. and the dollar index, a little clarity there as well. the dow, up still about 35 points on this session. about .3%. >> four days and counting. the oils are down. technology names are down, as well as a handful of retail and financial services. really a mixed

the u.s. after spending more than 30 years on the run from the law. i'm julie banderas, we're live as fox reports tonight. raising the stakes in a cloud of smoke and a column of fire. iran launching several missiles in a brand new test, days after revealing a secret nuclear facility hidden deep underground. >> this is a very serious matter. we're going to put them to the test on october 1st. >> tonight, the latest on tehran's acts of defiance and how the world will respond. plus, it was one of the worst terror attacks ever on u.s. soil. now, more than a decade after the oklahoma city bombing, the feds releasing never before seen video of the aftermath. and the chaos unfolding outside the alfred murrah frad federal building some of the video used to put timothy mcveigh away. a not so subtle show of force, iran testing three short range missiles as the head of its revolutiony guard and both the country's program is so successful, it's struggling to store all the missiles it has. >> see for yours

. >>> the weak u.s. dollar is giving a boost to oil prices, nymex light sweet crude at $71.55 a barrel. brent is trading down 19 cents, $70.36 a barrel. we are waiting for u.s. weekly inventory data out at 0:30 a.m. new york time. 6/a dow jones survey calls for gasoline to rise by 1.5 million barrels. julia, it's always good seeing you, too. >> good to see you, christine. here in the u.s., we are anticipating those notes come out at 2:15. the dow is trading about 22 above fair value. futures are just slightly higher. i'm sure everything is in a holding pattern ahead of that fed meeting. let's take a look at the 10-year bund yield at 3.41%. the treasury is auctioning $40 billion in five-year notes today. and the 10-year note is up 0 the 018 to 3.46%. gold is up above that 1,000 mark. it's now at $1,015. louisa, over to you. >> sounds good. well, the federal reserve is expected to maintain its edge to keep the benchmark at an expected low. it could signal that the u.s. economy has started to recovery. not

either the individual as in the u.s., or the employer in the u.s., or the government in the u.s. there is no other source of funding. if you look at those three, then you try to identify it away to provide universal health care by these three different mechanisms. that debate and the solution for it has to be the leadership of congress and senate to find the right solution. i do not believe, and neither do i think that the model we have which is 60 years old is the model for us, the model you employ in the u.s. the principle of having universal cover, whether by the individual or by the government, i believe strongly is the correct model. if you look at most industrial countries they have universal coverage of some sort. but the mechanics are very different. host: we're speaking with dr. ara darzi, the british ambassador for health and life sciences. the next call comes from manhattan, kan. on the line for republicans. caller: hello, it is always great to be able to speak on c- span. i watched the show on a daily basis. first of all, i would like to think the doctor for his kind

more u.s. casualties, more u.s. treasury being spent. obama will really have to confront that. this is his war. it became his when he put 17,000 more troops into afghanistan shortly after taking office. he said it was a war of necessity, he laid down the gauntlet of this, and he is facing the consequences of having to sustain a great deal of loss, even if he succeeds with the mission, it will cost much more in the way of life and treasury, and i am not sure he's really willing to take that step. >> jeanne cummings, it is complicated by the fact that we have a stolen election, or at least a very solid and state electio, -- the very sullied and stained election, allegedly reelecting, karzai. does it make it tougher for the president? >> it does make a lot tougher for the president. mcchrystal's position is not the only one in the administration, and certainly congress is increasingly concerned about the direction in afghanistan, and the tainted election added more to their skepticism, and they are worried about u.s. involvement over there. the president has a lot of opinions to w

what it needs from u.s. businesses and how you can cash in. >>> is the housing market making a comeback or are more problems on the horizon? 4:00 p.m. eastern. >>> the actives on the new york stock exchange. you are watching "closing bell" live from the floor of the new york stock exchange. announcer: in today's markets how can you get your retirement plans back on track? consider oppenheimerfunds, whether the markets are up or down, we follow a consistent investment approach. ask your advisor about oppenheimerfunds. and see how our numbers can lp you reach your destination. call your advisor for a prospectus with complete fund information. read it carefully and carefully consider fund investment objectives, risks, charges and expenses before investing. mutual funds are subject to market risk and tility. shares m the right way alue.merfunds. >>> welcome back. we are talking about starbucks. your wait got a little shorter and cheaper. the company rolling out via. at target and costco today. it claims it taste

>> i would call it the u.s. yen rather than peso because we're acting exactly like the japanese yen. we seem to be turning japanese from fiscal, monetary policies -- >> but the end doesn't fall every day. that's why i call it the u.s. peso. 11 straight days until today? that can't be good. don't ask me why. >> i want to know why. >> historically, if you're dollar goes down, the run against your currency, it signals inflation, could be signalling the end of the u.s. dollar as reserve currency. >> what i mean by the u.s. dollar being the yen is that the dollar has become the yen carry trade. we had $1 trillion from 2000 to 2007 and now, it's converting to the dollar because the market sees the dollar as the cheaper funding currency. that is why you're seeing such weakness. now, the fed had made a very concerted decision to weaken the dollar to reclaim u.s. assets. it is helping. the dow jones 30, they're multinational stocks. coke, mcdonald's, starbucks. the key thing is you can't make this into a run away train.

a u.s. convoy of philippine troops were on their way to build a school when they hit the device. >>> in the north of the philippines, is massive flooding. nearly 250 people have been killed since a powerful tropical storm dumped more than a month's worth of rain in 12 hours on saturday. and forecasters say two more storms are heading their way. >>> and it is time, now, for a look at this morning's weather from around the nation. a rainy day for the great lakes, upstate new york and new england, with the heaviest downpours in maine. much-needed thompls in south texas. showers in the pacific northwest. and up to six inches of mountain snow in the cascades. >> 58 in seattle. salt lake city gets up to 89. chilly for the midwest, with highs around 60, chicago, detroit and minneapolis. mostly in the 70s today from boston down to atlanta. 91 for miami. 81 in new orleans. and 82 in dallas. >>> and coming up on "america this morning," will the dow have another triple-digit day? "moneyscope" next. >>>

karzai is not meeting with the u.s. right now and there are serious issues with the election in afghanistan this time around, but they're using that for take a look at their bowed afghanistan policy and then you have an election in irand that was openly stolen. no one thinks that was a serious election and they won't alter their policy in iran based on what everyone agrees was a fraudulent election. i think this smells increasingly political and they're having a more and more difficult time explaining why they're announcing a new strategy or trying to come up with a new strategy when they announced one back in march. >> i think the obama administration is trying to change its strategy because they just discovered corruption in afghanistan is almost comical. everyone has known it was around. it is not a a new fact. what is happening here we have advice from our commander on the ground who, wants more troops and who sees a strat jy which is the only strategy that he thinks will work, and other on the other hand, on the ad

it is one thing that the u.s. embassy and u.s. government is embassy and u.s.vernment is pushing to make sure that auto consist sell there. it is hard to overcome that historical deficit. and it is worth remembering a lot of the japanese cars we see in the united states are built by american workers in the u.s. host: what is the population of japan? guest: it is a hundred and some million. half ours. host: how many members in the diet? guest: 480 in the lower house which just had the election. host: out of that, 308 are democrats. guest: yes. a big victory. in our u.s. senate we talk about 60 seats as the miami number where you can pass things and get past filibusters. for japan it is two-thirds. they can override the upper house opposition and move things through . they didn't quite get two-thirds. host: how many political parties in japan? guest: well, lots actually. and the beg ones are the liberal democratic which is second biggest. the democratic party which is now the biggest. then you have smaller parties, japan new party, clean government party. and whe