u.s. treasuries they are the biggest holder of u.s. easuries. >> biggest problem is they can use their influence with foreign countries by virtue of the fact they are now, maybe getting close to the largest capitalist country in the world regardless of what they call themselves. i'm not so sure what charlie is saying, in is -- our printing of money going to -- we have potential inflation of this country, regardless of who owns the debt. >> i'm not talking about inflation. i'm talking about, suppose the chinese boycott an auction? >> what charlie is saying -- >> and interest rates spike? if that doesn't scare anybody, it should. [ talking over each other ] >> they are crown any capitalists, at best. -- they are crony capitalists at best. >> it is not just us, they are going out to the eu now. that's the first time they've put their claws into the eu. >> there's so many scary aspects to the way china has approached this. the one that concerns me the most is one i don't think people are talking about. next year they are going to have the m

u.s. treasury secretary timothy geithner is calling for a ceiling of 4%. demand is targeted at export power presses like germany, china and japan. response was swift and negative. >> we need to talk about it first. numerical targets are not realistic. >> currency values are no other source of tension on the agenda at the summit. china has been criticized -- currency values are another source of tension on the agenda at the summit. china has been criticized for keeping its currency artificially low. lee myung-bak wants everyone to work together to avoid currency war. >> i would like to say that we must find win-win ways for the implementation of the agreed framework. >> he also said that reforms of the imf should go ahead. last year's g-20 summit decided to give emerging economies more votes to iledge the shift in global economic dynamics -- to acknowledge the shift in global economic dynamics. >> angela merkel has held talks about the recent rescue of 33 chilean miners, calling it a victory for humanity. she told president pinera that they followed the res

u.s. treasury department official has urged developed and emerging economies to cooperate on currency policy and allow exchange rates to fluctuate more freely. the remarks come ahead of a meeting of group of 20 finance ministers and central bank officials in south korea this weekend. the officials said the g20 can play an effective role in promoting cooperation on currency exchange rate issues. emerging countries would take a hit if a major economy undervalues its currency. the statement reportedly meant to pressure china to let the yuan appreciate. the official dismissed criticism that america eased its monetary policy to push the dollar lower against currencies of emerging economies. the official added the recovery of the u.s. economy is also crucial for other g20 nations. >>> the dollar briefly doiptd upper 80-yen range on the tokyo foreign exchange on thursday morning. this comes after the greenback had slipped briefly to the same level overnight in new york. increased speculation of further monetary easing by the u.s. led to more dollar selling. this briefly pushed the greenback to the

u.s. treasury this is an enormous conversion that's taken place and i must admit if really the left and. the. world bank i.m.f. and u.s. treasury are all on the same path right now that's tremendous new news that we really do have a consensus about economic policies as far as the u.s. goes yes i think there is a. disappointment in latin america with the u.s. there is a lowered expectation from the us latin america has become more assertive it's the versified its international policies countries like china and india are gaining a real share of of the market they're becoming. part of the the the region in and i think the countries of the region are taking many more decisions into their own he n yes i think the united states is backing away somewhat i think also though with a condom ia fifteen trillion dollars which is four times the economy of all of latin america put together u.s. markets u.s. investment u.s. technology remittances are still tremendously in poor. certainly for. mexico and central america and the caribbean and if you look at the economies of south america less important bu

u.s. treasuries out of my u.s. dollars and this of course would be a situation of hyper inflation otherwise known as a currency collapse and as you write until a when you were in chill a you had a similar experience in the early one nine hundred seventy s. right there in that country which you are now drawing a parallel with the u.s. in the late seventy's as well and you know your fair and until the point about the rough with hyperinflation the early seventies we the cost of which were vastly different from the united states today but it essentially i would argue your analysis is you can look at this problem from various different angles now number one there is no question that there is deflation going on now in the united states and that the federal reserve board is terrified that they've been throwing money as you correctly say because they want to prop up the economy with equipment. ever since easy at all took over as greenspan took over as the federal reserve chairman in ninety seven liquidity has been the only

u.s. treasuries and the market for insuring against defaults well those that u.s. treasury bond market looks really weak the global investment community the governments around the world they are trying desperately to get out of their u.s. dollar bomb positions they want to escape the nightmare that has banned poster. the war to bretton woods u.s. dollar reserve currency strangle hold and as peter schiff our friend peter schiff says often the u.s. is the caboose that's holding the rest of the world economy back and the the world wants to cut themselves loose of the caboose the u.s. dollar even warren buffett was in europe trying to buy into euro and other denominated assets but nobody wants to sell to him because they realize the dollar is a dying currency actually drone head of research ashmore investment management in london in this article in bloomberg says chinese policymakers want to be seen as a stabilizing factor they want to become a reserve currency and they will become a reserve currency so this is the one story that you and i have been talking about since

u.s. treasury will gradually sell off its majority stake of the company. a.i.g. will also sell off more of its insurance units to repay the treasury. in an audio recoding on a.i.g.'s web site, the company's chief executive robert benmosche predicted taxpayers would ultimately come out ahead. >> this plan adheres to the basic commitment we made on september 16, 2008 that a.i.g. would fully repay taxpayers. and i strongly believe, given how powerfully a.i.g. and its businesses have rebounded, that we will repay the taxpayers with a profit. >> suarez: for a closer look at what shape the government and the company might find themselves in as they emerge from this unusual union. we turn to two financial writers who have followed the story closely going back to the early days of the financial crisis: roben farzad is senior writer at "bloomberg businessweek" magazine and louise story covers wall street for "the new york times." >> suarez: louise, you met with treasury officials in just the last few hours before the program. how did they explain the deal to you? >> i spok

u.s. treasury prices headed for the third straight day. tom, another weak report on private sector employment that ignited today's rally in bonds. as government bond prices climbed, the yield on the 10- year note fell as low 2.36%. >> tom: that's the lowest level for the benchmark note since january of last year. >> susie: the recent run-up in treasuries has renewed talk of a bubble in the bond market. suzanne pratt takes a look at whether it's a mistake for investors to buy bonds at current high price tags. >> reporter: as if small investors don't have enough to worry about, now there's a debate on wall street as to whether a bubble is brewing in government bonds. if there is and it pops, it would create big losses for bond investors, who have been seeking the safety of treasuries. b.n.p. paribas bond expert suvrat prakesh doesn't see a bubble. >> most investors i speak to are more concerned about disinflation than inflation, which is the main premise for the argument that the bond market is in a bubble. >> reporter: according to the inve

u.s. treasury secretary timothy geithner has urged emerging economies to be more flexible in their foreign exchange policies. geithner made the remark in a speech on wednesday that came just before the weekend meetings of the group of seven nations. the international monetary fund and the world bank. >> we believe it's very important to see more progress by the major emerging economies to more flexible market-oriented exchange rate systems. this is particularly important for those countries whose currencies are significantly undervalued. >> geithner didn't specify it was china he was referring to. he only said large economies that act to keep their currency undervalued may encourage other countries to do the same. but geithner added that recent intervention by japanese monetary authorities won't lead other countries to competitively devalue their currencies. >>> speculation about another easing in u.s. monetary policy is pushing the dollar lower against the yen. at one point in morning trading the dollar fell to the upper 82-yen range. that's the lowest level since september 15th, when jap

u.s. treasury secretary urged emerging nations to reduce their huge trade deficits. we are meeting in south korea. there is some resistance. the japan described this as unrealistic. two days after confirming his desire to leave manchester united, wayne rooney is signing a five-year extension. he has described the manager as a genius. a cholera outbreak in haiti. it is another blow for a country still struggling to recover. eight agencies are rushing in medical supplies into the affected area, but local hospitals are overwhelmed. more greeting and a new fear nine months after the earthquake hit. now haiti is facing its first cholera outbreak. scores of people have already died. a great need to stop the disease spreading. children are at great risk. hospitals closest to the outbreak are unable to cope as staff struggles to fight the diarrhea and dehydration that kill victims if they cannot be treated. some of these patients said they had drunk water from a local canal considered safe. outside the hospital scores more waited at the gates simply desperate for news. >> th

u.s. treasury and japanese ministry of finance. i think, yes, nobody knows the exact point of intervention. >> well, as the strong yen continues, more companies are shifting their production units overseas, particularly to southeast asia. do you see more transfers up ahead? and what kind of economic effects does this have? >> yes. i think the trend will continue for a long time and it will strengthen when we see higher yen. this is rational because they are going to search for higher profits, higher sales. so the market is there. so they go there naturally. however, from the standpoint of macro economics, from the standpoint of japanese domestic economy, this is a tragedy. in the phase of hollowing out, japanese corporates invest mostly overseas. they employ personnel overseas, not in japan. whereas japanese fiscal situation's very severe, so japan needs more economic growth, more tax revenue, more investment, more people employed. so there's a twist between micro rational decision and macro tragic situation. so i think we should r

u.s. treasury. with the headline, your tax payment id010377149 has been rejected. well the bureau says the id number being used is not valid. if you receive an e-mail claiming from someone being the irs or pushing you to an irs site, do not reply or click on any links. the irs's federal tax payment system is actually a free online service. >>> well verison and apple are now teaming up. verison will begin telling its device at the 2,000 stores. the move ends the exclusive deal that at&t held with the tablet. the networks to connect to the internet wirelessly. retail prices range from $630 to $680 and verison data will cost you $20. >>> and if you've been wanting a new ipad, now is your time to get one for free. all you have to do is like us. from now until december 3, abc2 is giving our viewers a chance to take home a 32 gigabyte apple ipad with wifi. all you have to do is go to facebook and like our fan page. just search for abc2news.com and click on the like button. then click on the sweep stakes tab and enter to win. you must be 18 years or older to enter. >>> he

u.s. treasury has sold more than half the shares it received in the bailout of citi group.economically sensitive stocks led the gainers, with the energy and material sectors topping performers. coal miner consol energy closed a pennsylvania mine and stopped production at one in utah because of costs. it means 231 layoffs. shares jumped 3.5%. copper and gold miner freeport mcmoran added more than 4% with gold hitting another record high. and iron ore miner cliffs natural resources rallied 4%. the market is quick to react to any merger news. today it was overseas, an international deal. spanish oil company repsol sold 40% of its brazilian business to china's sinopec group for $7.1 billion. repsol stock jumped almost 7%. sinopec saw a fractional gain. the merger rumor, meantime, was in children's clothing. retailer gymboree shot up 20%. the "wall street journal" reports the company is seeing if there are private equity buyers interested. we mentioned in the newswheel that another big bank is halting foreclosures while it sorts out questions about paperwork; title insurance sto

u.s. treasury secretary timothy geithner is urging limits on trade imbalances for the world's biggest economies. speaking at a gathering of g-20 finance ministers and central bankers in south korea, geithner said he thinks g-20 nations need to keep their current-account balance below 4% of gross domestic product. after weeks of protests and strikes, the french senate has approved a measure hiking that nation's retirement age from 60 to 62. final approval of the change is expected monday. france's unions say the protests will continue, despite today's vote. >> tom: still ahead, sailing the seas of a weak u.s. economy. we bring you illustrator david gillette's latest ink-onomics. >> susie: big tech companies are sitting on billions of dollars of cash, including intel. earlier this week, the chip giant announced plans to spend $6 billion dollars on research and development. it's also forking over more than $7 billion to acquire internet security firm mcafee. stacy smith is the chief financial officer at intel. he tells "nightly business report" using cash wisely is good for intel investors. >> i t

u.s. treasury isn't worried. its office of homeowner preservation today said it sees no big problems from issues surrounding foreclosures. >> susie: here are the stories in tonight's n.b.r. newswheel: as we mentioned, worries about the size of the fed's plan to help the economy led to a mixed close on wall street: the dow fell 43 points, but the nasdaq gained nearly six and the s&p 500 off three. trading volume moved higher on both the big board and the nasdaq. orders for big ticket items perked up in september, thanks to a jump in aircraft orders. the commerce department said durable goods orders rose 3.3% last month. but when you factor out transportation, orders were up just 0.8%. the federal trade commission is closing the books on its investigation into google's gaffe with no action. the company admitted it inadvertently collected private consumer data while building its street view mapping service. the f.t.c. says the company has since taken steps to mitigate any privacy concerns. >> tom: still ahead, all t