u.s./china relations.elcom >> glad to be here. >> let me ask you first,ow significant is china'srade relationsh with iran. then how migh that infence cha's decision to go along with any tougher trade nctions? >> well in the grand scme of chins economic lationships, it's not thabig. but the impoant thing is that it is about l. iran is ina's second major source of crudeil surpassed only byaudi arabia and out on pa with angola. so at's a major natural source supplier for cna. thenumber two coumer of cude oil. and iran has the world'second largest reserves. so there's a compatibilit ther related to oil, there's a lot of infrastructural investment whether it's mostly inthe transportation section that china is putng money in, has over 100 companies active in iran. again, most of it related in someay to the flow of oil. but, you know, itisan importt economic relationsh and benecial to both sides. >> s even though it's possible th cna could suffer if there is these stiff trade sanctions that are put into place, is

u.s./china relations. welcome. >> thank you. glad to be here. >> let me ask you first, how significant is china's trade relationship with iran? and then how might that influence china's decision to go along with any tougher trade sanctions? >> well, in the grand scheme of china's economic relationships, it's not that big. but the important thing is that it is about oil. iran is china's second major source of crude oil surpassed only by saudi arabia and about on par with angola. so that's a major natural resource supplier for china. the number two consumer of crude oil. and iran has the world's second largest reserves. so there's a compatibility there. related to oil, there's a lot of infrastructural investment, whether it's mostly in the transportation section that china is putting money in, has over 100 companies active in iran. again, most of it related in some way to the flow of oil. but, you know, it is an important economic relationship and beneficial to both sides. >> so even though it's possible that china could suffer if

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 could open the door to battles over steel, clothing and consumer goods. >> this has basically sent a signal to everyone else who wants to hit chinese imports that this is going to be an open ticket for them. >> reporter: the chinese have already threatened t

iranian official also sit down with the u.s., china europe and russia. >> they have to come to the meeting on october 1st and present convincing evidence as to the purpose of their nuclear programs. >> reporter: the immediate meeting will be the first direct talks between america and iran in three decades. joel brown, cbs news, washington. >>> and the new long range missile are capable of careying warheads. >>> it's a pleasant monday. last monday in september by the way. let's look live outside right now. you can see blue skies from horizon to horizon and you can see where the ravens had the big victory yesterday. we are live with first warning weather complete coverage and bernette woods is over at weather center and tim william in the outback but tim, i think we will start with bernette. >> all right. first warning doppler radar to show you what we have going on. white sun is shining it's not for everyone. see the line of thunderstorms and showers coming in from the west and there has been a few rumbles of thunder with the line. that's going to make its way across the state as we head th

iranian officials will sit down with the u.s., china, europe and russia. >> they have to come to this meeting on october 1st and present convincing evidence as to the purpose of their nuclear program. >> reporter: the meeting will be the first direct talks between america and iran in three decades. joel brown, cbs news, washington. >>> this is the third round of missile tests since two days of drills by the revolutionary guard. >>> president obama says american kids spend too little time in school. he feels it puts them in a disadvantage with other students around the globe. the president said he knows the prospect of more school time is not popular but he would like to see kids stay a little later and have them open on the weekend so they have a place place to go. one viewer writes, extending school hours would be hard on children. they need time to need to have a life another viewer said the better we teach our children to learn makes all the difference. life is about learning. do you think american students should be required to spend more time in school in go to our website to lea

china. they're not looking toward the u.s. 're very happy with their businesses because china's providing the consumption. china's providing the growth. i mean for us, we're talking about imports, which give consumers better prices, exports to china have been growing 20% annually for the last five years. we export over $65 billion. and the capital investment that we've got there, its major profitability for a multinationals. so you know it's to our benefit that china remains strong. and it's to their benefit that we -- that we get out of this -- of this slump. >> mr. secretary, there's something that we all wonder, can we believe the data coming out of china? obviously it's an important part of the economic picture. >> personally, we never had reasons to suspect chinese numbers. we corralled about their deficit numbers because sometimes we would treat hong kong differently than they would but we knew why we there a difference. i have no evidence to suggest that they fudge their numbers. >> okay, mr. secretary, thank you so much

china's trade surplus and the u.s. deficit all had the leaders agreeing to work on it together. one issue that did not get resolved is big bonuses for business executives. france wanted specific limits on bonus pay, but the u.s. said they would not back it. the leaders still have to work together on an array of issues and agree that iran is one of the biggest priorities. >>> and now, some more details on our top story. french president sarkozy that iran has until december to let u.n. inspectors inside the plant or face economic sanctions. they already face three sets of u.n. sanctions for refusing to stop uranium enrichment at another plant. officials from iran, the u.s., russia, china, britain, france, and germany will meet in geneva next week. >>> osama bin lawton is out with a new audio tape, at this time he is threatening we're up -- europe. he says to stop working with the united states or face retaliation. the tape has not been verified. >>> a federal judge in denver ordered 24-year-old -- consping to use weapons of mass construct -- mass destruction. he was going to set u

u.s.-china relations? >> i mean, as i said before we are looking at this very closely and we did and see this as being in any way contradictory to the tree agreement that we have with china. >> i'm talking about more broadly. there is no -- is there any concern that this was going to have an impact on broader u.s.-china relations? >> i'm not aware of any deep concerns that we have. we've done this complete transparency with our chinese interlocutors in beijing and we just, we will let the process play out. >> iran this decision to hold talks with vp five plus one on october 1st -- doesn't avoid the u.n. general assembly? you can't really raise it and debate there. >> i think we still need to meet with ravee p-5+1 partners intend to meet during the u.n. general assembly. and the point is to sit down with the iranians and explain directly, face-to-face the choice they have. we've explained the choice is. they can go down one path which leads to integration with international community, or they can continue do

. >> reporter: the resolution promotes disarmament among nuclear powers like the u.s., china and russia. calls for beefed up security for nuclear materials and underlines punishments for nations that violate the nuclear non proliferation treaty. george shultz, president reagan's secretary of state, was on hand today. he was quoted. >> i quote, "a nuclear war --" >> cannot be won and must -- >> "never be fought." >> this was his dream. to find a world without nuclear weapons. so, i can imagine right now, ronald reagan is smiling. >> reporter: many observers say a world without nuclear weapons is not realistic, but working towards the goal is important in order to discourage other countries from obtaining the weapons. >> many countries want to control the dangerous technology, prevent it from falling into the hands of terrorists. but many countries also still believe in the value of nuclear weapons as a deterrent. >> reporter: but beyond the lofty language, are major questions about the real impact of today's resolution. iran and north korea are believed to be pursuing nuclear weapons and

what's your sense of this right now, china and the u.s. clearly very important trade partners vital to each other, vital to the world economy, all of a sudden, we have seen sparks here with this tire tariff. how much do you think that could perhaps balloon into a bigger problem? >> i don't know, i can't see it in either country's best interest to be engaging in trade wars now. both countries need each other and both are critical to the world recovery. so the leaders have to get this thing tamped down and move beyond it. >> alan, do you think there is any chance here that this is, in part, somewhat staged in there is another issue going on, the currency issue and perhaps the tariffs are maybe detracting from the real thing that's happening behind the curtain there? >> i think that's an absolutely great way to look at it. these tire tariffs are really trivial, both in terms of u.s. economic growth, chances for economic recovery. the really big questions and challenges that lay before us, the main reason that the world got into crisis and tha

u.s. and china. it's over tire imports.jeffrey brown has the story. >> brown: the president's appearance before big labor today came just days after a set of trade sanctions announced by his administration brought praise from unions, and reproach from free trade advocates. late friday, the u.s. said it would impose a 35% tariff on chinese-made tires. that followed a complaint by the steelworkers union, contending that chinese imports are flooding the market and have led to the loss of some 5,000 american jobs. yesterday the chinese government warned it might retaliate against american auto and poultry exports, and said it would bring its own complaint to the world trade organization. we explore this trade tiff and its potential consequences now with congressman sander levin of michigan, a democrat who chairs a key trade subcommittee. and daniel price, an attorney here in washington who served in the bush administration as deputy national security advisor for international economic affairs. congressman leaven, i'll start wit

china to the u.s., a big difference there. >> guest: a huge difference. and it really reflects the fact that china has become the producer or the assembler of last at the last eight of the production process. china for example, today makes about 90 percent of all the world notebook computers. they are made entirely by taiwanese companies that have moved to china to be able to reduce their production costs to respond to the demand of american companies like dell and so forth that are the big, that are the brands we know. those parts are all being produced in china by taiwanese companies. we used to buy them from taiwan. now we are by given china. we used by some of them from malaysia or other places that are not coming from china. stakeout on china's trade again. this is true for a very broad range of consumer electronics, all the ipod and iphone's and things like that are being made under contract in china. most of the high-value added content does not originate in china but it is taken to china and a sale in the final product that we didn't buy in such la

u.s. people do not know what china will do. you can monitor the moving of the u.s. ships, china's ships or submarines. you cannot discover. you do not know how many chinese submarines are in the south china sea. nobody can tell what will happen next. the d.o.c. will help a lot. so far, china and the concerned countries respect the spirit of the declaration of conduct. we do not want to have a conflict take place there. >> can you talk about the power cells? >> we have talked to china about the power cells. we have a different position with china on that. sometimes, china says that is their territory, and we keep talking with china on this. historically, the facts -- we are stronger. we can prove strongly it belongs to vietnam. with power, we are weaker, and in 1978, 1976 -- we are keeping talk with china over this. because that is our territory. >> we have time for one more question. . . you can remember that the first private company started about 15 years ago, not very long. but now it is booming, and the private sector, shipments are 44%. the state economy is less

china's history. there's been this effort back and forth between the u.s. a and other nations to try to restore these things back to china. it says something about the history of the land there. we have a story up on cnn.com. i put it together the other day in which we describe what the fossils are and how it happened and in the big ceremony the u.s. handed it over to china. >> i imagine it was a big ceremony. there may be something else at play here when we talk about u.s./china relations and talk about deficit and buying debt and that good stuff. who knows the undertones there. it's an interesting story. any idea how much this is worth? >> they say the heads over here, this part of the collection, are worth almost $30,000. when you look at the dinosaur fossils, you look -- this is the back of the head. when you look at the dinosaur fossils smaller ones you're looking at $30,000 up to $40,000 in some cases. i just want to see how official this is. these are pictures we have from the ceremony that took place on monday in which they took this and returned it

china to the u.s., $80 billion there. guest: that really reflects the fact that china has become the producer or the assembler at the last stage of the production process. china, for example, today makes about 90% of all the whorl's notebook computers. they are made entirely by t taiwanese companies, responding to american tummies like dell and so forth. those products are being produced in china by taiwanese companies. we used to buy them from taiwan, now we are buying from china. this true for a very broad range of electronics, all the ipods and iphones and things like that, which are being made under contract in china. most of the high-value at a content originates in china, but it is taken from china and assembled into the final product that we buy in large quantities because of our in satiable are seemingly insatiable demand for various kind of electronic toys. . that is my first question. what do think about that? my second question, what do they intend to do, as far as china keeping their yen so low? this whole thin

china. earlier this month, the u.s. imposed tariffs of up to 35% of chinese tires, and china has started taking action against imports of u.s. auto parts, and poultry. and a senior administration official says there was no rez lake of that trade issue, but tomorrow doesn't get any easier for the president. he will address the entire united nations, meet with the president of russia and hold an event with the countries who contribute the most troops to u.n. troops in afghanistan. charlie? >> jake tapper reporting from the u.n. tonight. >>> and staying on the subject of the middle east, president obama has said that for the israeli/palestinian peace process to move forward, the construction of israeli settlements in the best bank has got to stop. the palestinians have made that a pre-condition for talks. so, this afternoon, i spoke with israeli prime minister benjamin net tan ewe hue, and i asked him if he would offer a freeze on settlements to get the peace process started again. >> i think the issue of settle. s is somet

china. earlier the u.s. tariffs of up to 35% on chinese tires and china has started taking actions against imports of u.s. auto parts and poultry. jake tapper, abc news, new york. >> libya's moammar quaddafi will also address the u.n. today. he's had a hard time finding a place to stay. officials say this tent is for quaddafi. several weeks ago a new jersey town nixed his plans to stay there. word is the tent is just for entertainment and that quaddafi is staying at his mission in manhattan which doesn't have much of a yard. >> there's stepped up security at the nation's hotels and stadiums after the government expanded its terror warning. investigators believe a terror plot against new york city may still be alive. viviana hurtado joins us from this morning with more. good morning, viviana. >> good morning. counterterrorism officials say they monitor the chatter of suspected terrorists but the zazi investigation has them on high alert. as the search continues for others involved in a suspected plot to build

u.s./china situation?ly believe that the american economy can fully recover without more headlines like 35% tariffs on fill in the blank from china? >> i think there's agreement that an outbreak of protectionist activity would be a serious threat to the global expansion. we shouldn't take things out of proportion but i think, i'm positive this will be on the agenda in broad terms, trade -- free trade, vieding protection willing on the agenda in pittsburgh. >> steve, what is your view on that? on our ability to not have more headlines like that and get through this? >> i think there's going to be more like this. i'm interested in the same issue from a different standpoint, erin, which is when it comes to banking reform, it's almost the underside of protectionism. when i hear national regulators talk about the their inability to correct mistakes that led us into the banking crisis we had i hear there are afraid to move because of the fear that they'll make their domestic industry less competitive relative to

sea belongs to china and which way the u.s. to japan, south korea, taiwan, we have a conflict security sgt in the south china sea. to what happened to the security of japan and u.s. and every other country related to the situation? they say they're trying not not to let that happen. -- they're trying not to let that happen. the facts are different. i think it is very complicated and a sensitive issue. but it has to work and we have to work and work hard. in a very good will attitude to avoid any trouble that may occur in the region. we need to have good relations with the u.s. and at the same time we need to have good relations with china. because our people, generation to generation, will be there. we cannot be separated from the mainland and floating down towards new zealand. we have learned and we are trying to find a good way to live with china. i can assure you, it can be hard to live with china. and the fact of the pressure coming from china, it is true. the number of company relating to oil and gas in particularç d the p

china metallurgical coming online next week and the steel stocks were very, very week indeed on the talk that the u.s. might slap more duties and recently come out the steel companies in china are cutting back on production. on that note, it's back to julia in the u.s. >> today in the u.s., we're looking ahead to a quadruple witching day. this phenomenon occurs in stock index options, u.s. futures, individual stock options and individual stock futures expire at the same time. this happens once a quarter and usually creates price markets in the individual stocks. also today, we'll hear from key economic figures being held at georgetown university in washington, d.c. all eyes will be on the key note addresses from f did i c woman sheila bair, mary schapiro and larry summers. that's your global stock watch. maura, over to you. >> coming on "worldwide exchange," trade tensions between the u.s. and china are on the rise. how will they impact the g-20 discussions next week? we'll have the analysis for you. >> and we're about to get insight into the uk data next week. we'll have your analysis right after th

u.s./china relations and health care. she was accompanied by a former foreign policy adviser to john mccain. >> was palin laying the first brick for a 2012 presidential run? those who attended said she did not mention president obama by name but called his campaign promises nebulous and saying now americans are asking more government, is that the change we want. lois ramono joins us. what is the point of a speech with that tone? >> she had multiple goals. she had to do something. for the last year she was living her own version of "i love lucy." >> in what a way? >> so much drama, a lack of discipli discipline. the mccain campaign trashing her, the boyfriend of the daughter trashing her, she's quitting. one big drama after another. so she had to do something serious to get out there. secondly, she has no foreign policy credentials at all. this is her first time out of north america giving a speech. she had a text she didn't deviate from. no reporters were let in the room and she took no unscripted questions. >> one indivi

china. at the top u.s. exports to china is electrical machinery at $11.4 million.machinery, miscellaneous grains, see, and fruit comes next. -- grains, seed and fruit comes next. a big difference there. guest: that reflects the fact that china has become the assembler at the last stage of the production process. china, for example, today makes about 90% of all the world subnotebook computers -- of all notebook computers. those products are all being produced in china by taiwanese companies. we used to buy them from taiwan, now we are buying from china. this true for a very broad range of electronics, all the ipods and iphones and things like that, which are being made under contract in china. most of the high-value at a content originates in china, but it is taken from china and assembled into the final product that we buy in large quantities because of our in satiable are seemingly insatiable demand for various kind of electronic toys. . caller: my basic problem with exporting to china is that machineries and computer and technology were they tend to take over the

u.s.-china relationship speak how do you you see the taiwan being affected in the new japan china relationship and the new japan u.s. relationship? thank you very much. >> okay, i see continuity in the u.s. cents. i think the administration has started out very clearly in terms of our international commitments. we worked very closely over the course of the last several weeks in a humanitarian effort in response to the tragedy in taiwan with the typhoon and i think you are going to see dialogue and appropriate interaction between the united states and taiwan. i am going to leave it to mike to talk about what we think we might expect to see between japan and taiwan and indeed other countries. i would say one thing about the overall campaign generally. there has been probably more of the focus on domestic issues then financial issues than there was on international issues. that does not mean anything necessarily going forward but as a general proposition that was the case. in terms of specifics outside of the u.s.-japan relations and some general statements about wanting to have a closer relation

. >> reporter: the presidents of the world's two largest greenhouse-gas emitting nations, china and the u.s., were center stage as the u.n. sought to jumpstart the stalled climate talks. president obama and china's hu jintao joined more than 100 world leaders who met at the urging of u.n. secretary general ban ki-moon. he warned of the consequences if negotiators fail to reach a new global pact this december in denmark. >> failure to reach broad agreement in copenhagen would be morally inexcusable, economically short-sighted, and politically unwise. we cannot go down this road. ( applause ) >> reporter: with the stage set, president obama addressed the gathering. he outlined the steps his administration's taken to regulate greenhouse gas emissions and boost investment in renewable energy, and he noted the house had passed a climate change bill in june. >> the united states has done more to promote clean energy and reduce carbon pollution in the last eight months than at any other time in our history. >> reporter: the president still faces an uphill push to get a climate change bill through

u.s./china relations as well as governance and health care. mrs. room. she said if i do that with press in the room i'll have to say different things. only congressman wilson can thwart the pesty media. wilson claimed he supported clyburn's daughter for a state position in 1998 but in fact had supported someone else. a wilson aide acknowledged the mistake quoting he honestly thought he voted in favor of her. joining me now is host of "the late, late show" and "american on purpose" in book stores tomorrow. welcome. craig ferguson. >> it's nice to be here. my wife just texted me and said how lovely your glasses are tonight. i have to agree. you look dashing. >> thank you. thank your wife for me. i'll give them to you as souvenirs. they're brand new. as my guest here, let me throw out -- you can throw out the first interruption. i'll be joe wilson and say i voted for jim clyburn's daughter and you can say? >> you lie. absolutely. >> thank you. >> we're living in this post-joe wilson world. is it to your benefit to having a post-joe wilson world? >> we

u.s. and china strug well a major trade dispute. anthony mason has that story. >> reporter: when president obama slapped a 35% import tax on chinese tires this month, some warned it was the opening shot in a trade war. >> i think it's very clear that china cheats. >> reporter: leo gir regarded heads the united steel workers which filed the complaint accusing china of illegally flooding the u.s. market with cheap tires. on its pittsburgh headquarters, the union is sending a nine story high message to world leaders. it's fighting to protect american jobs. >> and if we think that other governments aren't following the rules they agreed, to then we'll certainly try to bring cases and prove our case. >> reporter: but the chinese are not amused. dwl th >> they should work hard to reduce the price of their products rather than to complain. >> reporter: at stake are relations between the world's biggest economy and its fastest growing economy. >> both sides are very cognizant of the fact that they're playing with fire here politically. >> r

u.s. and china try to defuse a trade dispute before it gets ugly. here's our business correspondent, anthony mason. >> reporter: when president obama slapped a 35% import tax on chinese tires this month, some warned it was the opening shot in a trade war. >> look, i think it's very clear that china cheats. >> reporter: leo gerard heads the united steel workers, which filed the complaint, accusing china of illegally flooding the u.s. market with cheap tires. >> and let me tell you... >> reporter: on its pittsburgh headquarters, the union is sending a nine-story-high message to world leaders. it's fighting to protect american jobs. >> and if we think that other governments aren't following the rules they agreed to, we certainly will try to bring cases and prove our case. >> reporter: but the chinese are not amused. >> they should work hard to reduce the price of their products, rather than to complain. >> reporter: at stake are relations between the world's biggest economy and the fastest growing economy. >> both sides are very cognizant of the fact t

u.s. and china accuse each other of violating trade laws as a big decision looms, and israel's prime minister off the grid for a while. we'll tell you where he was and what he was up to. all that plus the fox all-stars, right here, right now. >> welcome to washington. i'm bret baier. president obama continued his effort to recast the healthcare debate by speaking again on the issue just 14 hours after his wednesday night address to a joint session of congress and the nation. but will the speech blitz succeed in sweeping away a summer of gridlock on this issue? senior white house correspondent major garrett has the story. >> it was back to the future day for president obama and healthcare reform. fresh off a reengineered message to congress, he stood with the american nurses association, just as he did less than two months ago opening the very same way. >> i just love nurses. i don't know what it is. i really like nurses. >> the nurses, which endorsed mr. obama's presidential campaign backed healthcare reform, just as they did in july. the difference, they now back the president's plan, one he

u.s.-china trade. does that concern you? >> the are standard built in to 421. they wre met here. the has to be and finding that the standards are met here. there has to be a mared... mket disruptionmen h. they found tat here. a materal impact here. jobs lt. surge of tres. so i think we ha standar hee. what we are ing in this case is is following ose standards ile the chinese e not. anyou can't have sound trad policieswhen one side abis its agreement a the her side doesn't. >> brown: mr. price? >> as i justaid there was no allegation that cna breached any rade rules or did not abideby agreeme5mw and i thi there is concern out the future. we see... i read the same quote you did. there's discussion abo cement, steel, glass, texties an apparel. they're ling up to voke this relie and they're hopg that e presidt will do the same thing. the al question is, having said once yeswhen there is no domestic manucturing capabili, how doyou say no when there,n fact i once you start feeding that protectionismbeast, ho do you ever sink? >> brown: we haveo leave it there. we'll watch how this deve

u.s. and china.hina has complained to the world trade organization after the obama administration ordered steep new tariffs on chinese tires for three years. although china may retaliate, analysts say a full blown trade war is unlikely while the two economies are almost completely interdependent. >>> meanwhile, a judge has rejected a $33 million settlement between the sec and bank of america over the government's accusations of inadequate disclosure by the bank. it all stems from billions of dollars in bonuses paid out to merrill lynch employees just before the company was acquired by bank of america. at the very same time b of a was being bailed out by taxpayers. >>> beginning next year, home depot will begin selling martha stewart brand. it comes with stewart's deal with k-mart which has been in place more than a decade ends in january. >>> federal officials are warning small businesses to prepare for the fallout from a new outbreak of swine flu. they're recommending streamlining the central operat

u.s. and china to broad scrutiny on the way they run the economy. so lots for investors to take in and stock futures pointing to a slightly higher open. we did get a down beat from hewlett hewlett and reports -- humanity packard. and reports showed a drop in existing home sales and look for price cuts on the blackberry. research in motion forecasting third-quarter sales that missed the bloomberg analyst estimates and meaning they may start selling at lower prices. at the new york stock exchange i'm jane king bloomberg news reporting for wbal-tv 11 news. have a great weekend. >> thank you but we'll see you back here at 6:15. >> 64 degrees on tv hill. coming up another look at your morning commute. >> and the social networking site facebook could be hit with a lawsuit. we'll tell you why. >> and don't forget to email us your response to our water cooler question of the day, do you think spanking a child can impact their i.q. email us your response at watercooler@wbaltv.com. ( instrumental rock music playing ) radar to help watch for the unforeseeable.

thousands of american jobs have been wiped out by cheap, imported tires by china, why isn't it important? the trade law the u.s. invoked is not choosing china of -- accusing china of unfair trading or unfair subsidizing of domestic industry, but the law says if exports into the u.s. demolish an industry, the u.s. has the right to impose tariffs. that is the basis for obama's action. in fact, there has been serious injuries inflicted on the domestic tire manufacturing business. i disagree. >> that is the last word on that subject. time for the high notes and the low notes. >> sublime and ridiculous of the u.n. speeches, president obama's speaking so eloquently followed by colonel khadafy and is ranked -- colonel muammar qaddafi and durant. >> dictators -- talking about being a dictator -- microphone and cameras, you cannot leave them alone. >> a low note, as i walked the former majority leader of the house shake his red end and the sink and play air guitar on television the other night -- of course, talking about tom delay of "dancing with the star's." low note was he was on to begin with and the real low note

u.s. and china next year. down we go to dupont. was down about 3 1/2%.it was downgraded to neutral from buy at goldman sachs. price target $32. it has firmed up a bit. only down 1 1/2% right now. mcdonald's, the worst performer in the dow, down about 2% and down 11% year to date. their august same-store sales were a disappointment. let's get to scottie wapner at the nasdaq. >> modest gains for technology. right now the nasdaq is up 8 points. modest is the word. apple holding that event in california. google is up 1 mrs. intel and mike microsoft are barely in positive territory. palm is $12 from 18. altera upped the revenue guidance. down 2 1/2%. sandisk getting a decent gain. up 3 1/2% on the wall. upgraded at deutsche bank. target was bumped up to 23 from 1 on improving demand. vivus pharmaceuticals are getting a little more momentum. wove been talking about it. hope you saw mike huckman's interview. they saw a positive result from their obesity drug in a study. stock is up 78%. cree is down 2%. checkpoint software is down on a downgrade over at fbr. ff

the chinese have about 17%, 18% of the u.s. china market. it's growing every year. they've got a big problem.. they've got to keep up those exports to keep their economy going here. this is very important to them. slapping a tariff on it is a big problem. so beijing is taking this to the wto. they're investigating u.s. chicken exports and auto exports to the united states. the concern is this could spiral to the downside. in the meantime -- >> go ahead. >> the tire manufacturers are all up this morning.g. they might have higher pricing and better pricing. goodyear, cooper, they're doing a little better. >> we're seeing a little bit of optimism as this market starts to climb back. obviously another thing taking center stage today is the president and his historic address here to wall street happening within the hour. how are investigators reacting to that? >> i think the important thing is they're already looking past this to try to figure out what's going to be happening in the next three months, six months, whether or not the economic situation will hold up, earnin

u.s. distressed assets while cnook is looking to reach africa's oil block as china tries to reduce relips on the u.s. dollar. what impact will it have? i'm joined by the portfolio manager at sun management, richard kang at emerging global advisers. steve, we have talked about china before. i love the long-term nature and the theme you follow which is looking for quality stories. >> right. >> have you changed your investment strategy as a result of what is going on in china? >> yeah. we've spent a lot of time thinking about china because the implications on growth and interest rates in the u.s. right now we are looking at headlines in investments in other asset classes besides treasuries. in $2 trillion in dollar reserves they are putting us on notice. i think after seeing the julian robertson interview and his concern of lack of buying from china and japan of u.s. treasuries we are concerned about interest rates going up. that could put an impact on the housing market. >> the china sovereign wealth fund potentially investing $2 billion into distressed funds. what do you think? >> they need

u.s. and china how to rebalance the economy.the balance is really behind the economic meltdown we have faced in the last year, and there has been a meeting of the minds on this issue between the two countries. i would not put them in opposition, that is to say we have a few were-some -- a few er-sum game here. no, they have to move in that direction, and there is a lot of dispute about the valuation of currency. it is not going to make that much different spirit is not really a critical factor here. the bigger factors of imbalance is important, and i think the governments realize that in the downplay of the issue of currency over the last year. i do see a global win-win, lose- lose situation between the united states and china at this time. host: we have a few more minutes with banning garrett of the atlantic council. kenny, hi. caller: i would like to make a statement about iran and russia and china as a whole. the russians are an enemy to the united states and they always will be. their interests are the only thing holding us

u.s. and china are the two biggest producers of greenhouse gases in the entire world. cutting those emissions worldwide was a focus of a day-long summit at the united nation. >> we can rise above the barriers that divide us, color and creed, race and religion and region. now, we can come together. and we can leave this world even better, even more hopeful than we found it. [ applause ] >> several didn't grs protested as the president talked talked about several topics -- president talked about several topics. >>> apparently the tent gadaffi is in new york for gathering at the u.n. and the lib yin government has -- libian government has rented a tent and the tent will be used for parties during the gathering. >>> coming up deadly flooding in the southeast at georgia's governor on the phone to washington. >>> and a little girl caught on tape walking alongside a neighborhood market. just wait until you see what happens next. that is coming up. virginians are asking lots of questions about bob mcdonnell's "thesis." how old was he when he wrote it? mcdonnell was 34, married

tomorrow iran begins important talks involving six world powers the u.s., russia, china, britain franced germany. elizabeth palmer is in geneva tonight and, liz, with iran saying it won't cut back or back down on its nuclearato this meeting? >> they're working very hard to keep expectations low, although they have said negotiations could go more than one round. however, a senior administration official told me it's fair to expect that this is going extraordinarily difficult. >> couric: and what kind of signal do you think iranians are sending by the man that they've actually chosen to negotiate? i understand some u.s. officials are disappointed. >> he's a very stern individual, saeed jalili, he's the chief nuclear negotiator. but he's a religious conservative and very hard line. some diplomats are disappointed that the head of iran's energy... nuclear energy agency didn't come. he was educated at m.i.t., much more worldly, respected, and well liked. that would have sent a more conciliatory message. >> couric: and finally, liz, what in your view will constitute a successful meeting? >> i

u.s. and china, to address climate change. >> we cannot meet this challenge unless all the largest emitters of greenhouse gas pollution act together. there's no other way. >> reporter: but at home, climate change is stalled behind health care reform in congress. >> we're going to push climate as hard and as fast as we can. >> reporter: and with china refusing to specify goals, it's unclear the president's call will be answered. the president will also thank those nations that have contributed peacekeeping troops to afghanistan, where he's likely to ask for still more help. jeremy and vinita? >> abc's john hendren in washington. thank you. >>> moammar gadhafi is speaking to the u.n. today. and there's quite a controversy, over where the libyan leader would stay. he wanted to pitch his tent in central park. but it's popped up here, in a tony, new york, suburb, on property owned by donald trump, who was apparently unaware. the property was leased on a short-term basis, to middle eastern partners, who may or may not have a relationship with mr. gadhafi. there's reports that gadhafi's staying at

u.s.-china relations? > as i said before, we looked at this very closely and we did not see this as being in any way contradictory to the trade agreement that we have with china. >> i am talking about more broadly. is there any concern about what is going happen in a broader-you i -- a broader u.s.-china relationship >>? we've done is in complete transparency with our chinese interlocutors and we will let the process play out. dollars the talks with p5 + 1? >> they intend to meet during the u.n. general assembly. the point of all this is to sit down with the iranians and explain directly face-to-face the choices that they have. we have explained what that choice is. they can go down one path which leads to the integration with the international community or they can continue down another path which leads to isolation. that is the path that we are concerned that they are on now, that they are not meeting their obligations to the international community. we plan to address this issue of their not living up to

been sort of, you know, in many ways china has been hiding behind russia in this divide between british, between britain, france and the u.s. and where china and russia stood on this issue. so suddenly if you have russia aboard, the hope among those in the white house is that that will bring a reluctant china. they're still acting very reluctantly and they're not -- that's where i think jamie could be right in china may not be ready to go with as tough as sanctions at the u.s. would hope for. i tell you, on one hand they talk about north korea. say, we have the chinese on board some of the toughest sanctions against north korea anybody has gotten out of the chinese in a long time. that's fine. iran is going to turn into a domestic political fight in this country. the pressure the president is going to feel on this front is different than north korea. you're going to see conditioningal republicans and a lot of dem contracts. -- today, joe lieberman, evan bayh put out joint statements today about their feelings on iran. hawkish statement. very sort of a message to the president about getting tough. there could be bipartisan

china this morning says it's no carrier investigating complaints that ring subsidized american chicken products are being dumped in to its markets. the u.s. and china have recently no carrier traded allegations of no carrier > protectionism. friday president obama approved new taxes on no carrier chinese tires no carrier upsetting that country's financial leaders. wall street is hoping the president brings some much no carrier needed uplifting news with him as he no carri visits wall street today. this after ring the no carrier markets' ring five day winning streak ended on friday. the dow dropped 22 no carrier > riappointments the nasdaq dipped three. good news no car is expected from ring retailers this week. no carrier ring no carrier investors are awaiting new retail sales no carri reports and ring analysts are no carrier expecting ring a small bounce. you can no carri already feel more confident at the pumps, no c > ring though.lundberg survey says the achblg price no carri for a gallon of gas is down about a nickel from three weeks ago go to no carrier ring $2.59. st. louis has no carrier the ring cheapest gas, a anchorage has the