is the case the income inequality of the u.s. between the top and the bottom is so great? that is a fairly, and the only other country that comes close to us is the uk. i think we have to ask that question, because everybody else is subjected to globalization, too, but it manifests itself to the united states in an extreme equality, and on the point of the new technologies, i have always been a huge supporter of things like putting additional funding into the nist, and to putting it into edarpa and darpa, a nd there are many ways if you go into the history of the u.s. history and the evolution of the major new sectors over the past 50 years, you will see that the government has played a major role as a supplierff of basic research funding, as a supplier of supporting the training of the scientists and doctors and engineers who actually do the research with the research funding. the government has been a major source of support in terms of procuring, procurement. just buying the stuff as a big buyer as it comes out of the door. so actually, if you look at the office of science and technology policy and look at the president's science and innovation b

the very bottom is so great? that is a fairly, the only other country that comes close to us is the uk. and i think we have to ask ourselves the question that everybody else is subject to globalization. it manifests itself in the united states in a much more extreme inequality. now, on the point about these new technologies, i have always been a huge supporter of things like putting additional funding into, into additional funding into the garbage, putting additional funding into darpa. there are many ways in which, as you know, u.s. government, if you go into the history of the abolition of our major new sector, over the past 50 years, you will see that the government has played a major role as a supplier of basic research funding, as a supplier of supporting the training of the scientists and doctors and engineers who actually do the research with the research funding. the government has been a major source of support in terms of procuring, procurement, just buying the stuff as a big buyer as it comes out the door. so actually if you look at the office of science and technology policy

the biggest interest and enforcement. >> thank you. >> we had a little bit only. >> considering it as a disease or addiction issue. you can tell us how you managed that politically in the uk, there is a real difficulty with focusing that level of resource on the drugs policy as the public health issue. >>> are we have still had the enforcement and one of the four pillars who takes the most money. more than treatment prevention and harm reduction. how the process was very interesting. it began with research and solution and i hope and i think your committee will do also a big step in this direction. several parties were looking for a change in the policy. emancipation of emergency. we had a large demand from cities from neighborhoods from families of drug addicts coming to the central government so that we had just to look how to accompany new ways to get on the scientist way to publish the scientific evidence and we have the chance and the difficulty to vote very often on public issues in switzerland so we have something like 15 votes on local or federal level on the drug policy. each of these campaigns, each of these votes were proceeded by political campaigns and discussions and

let's turn to the uk where the prime minister is set to present his latest budget plan this afternoon. we have a preview for us as to what we can expect. steve. >> thank you very much. it's a glorious day down here at westminster. he delivers his third budget. not a lot of wiggle room but let's find out what he can do for business. we're joined now. look, i mean i said he hasn't got a lot of wiggle room. clearly this austerity drive has to last for many years if it's going be convincing and actually work. what can he do as far as your members are concerned and they produce a budget for business? >> certainly he's got to stay to the deficit reduction plan, but it's also ee kwa ll important that he go for growth. it may end up with a downgrade anyway. he has to look at a budget for business, and we actually said in our budget submission there are three things he can do. he cannot increase business rates by 5.6% in april, which can be a disaster. he can have a "when it's gone, it's gone," and he can double the youth contracts because to have a call to import at the oepd testify year would be really outrajt. >> yo

is the highest priority. and a lot of us would pryor ties that. >> the state senator says that is not right and introduced legislation banning companies and agencies in california from asking applicants for pass words uk not violate my privacy saying i need that information. and this seems more prifl lent in law enforcement. >> we just ask for access. >> those who do not ask for pass words ask to be friended and denying access raises questions. >> there is a red flag. we want to see why? is there something you're hiding? >> facebook does not approve for anyone asking for pass words telling users you should never have to do anything that could violate privacy of your friends. >> and facebook saying it might help to ask for proposals or initiate legal action fro detective its users. >> thank you. calling a government health mandate a violation of religious freedom a group of people rallied in san francisco and across the country today, requiring companies and organizations to provide contraception. >> this is a cause and that is the reason we're here, we feel we should be free to live out our lives and the government should not be able to dictate that to us. >> the mandate part of president obama's heal

the lead. that will allow us to bring our troops home. >> uk combat troops will be out by the end of 2014. the afghan army is to lead operations by late to mid 2013. there is talk the white house is thinking about bringing thousands home sooner. >> ado not think this massacre will be the main issue in that debate. the main issue will have to do more with are the afghans a viable partner? are the pakastani is being helpful? those are the kinds of questions that will be the essence of future policy debate. >> the essential partners are in agreement. they want this war over with and do not want to look like they are in an unseemly hurry. >> for more on this timetable of withdrawal and the damage being done by recent incidents, i spoke with the former american ambassador to afghanistan. what can the u.s. do in the short term, picking up on that report, to try to calm the tensions that have been caused by this incident or others like it? >> i think president obama has made some good statements that are helpful. i also believe it is important to engage the local leaders where it happened. my advice for the command

used when referring to clients. last week greg smith wrote a scathing "new york times" op-ed and resignation letter which he says five goldman managing directors called clients muppets. in the uk, that term is slang for a stupid person. >> i would never obviously use that in a work e-mail. deutsche bank has changed the legal status so can avoid new rules. reports say deutsche restructured the unit in february, so it's no long area bank holding company. it would require u.s. arms of foreign banks to meet the same levels as american banks. reports say the change could have forced deutsche bank to inject up to $20 billion. >> president obama will continue to defend its energy policies today. he speaks in curbing, oklahoma, home to the big crude storage facility just before noon eastern. the president is expected to announce plans to expedite permits to build the southern leg of the controversial keystone pipeline. that would alleviate choke points from refines along the u.s. gulf coast. >> and coming up next, fedex is due to post earnings before the bell. can it deliver a strong profit? we'll preview the trading day on wall street. >>> fairly junior soldiers are adding a new layer of insecurit

is probably the priority for this week. as you said, there's the german unemployment numbers, the business conference coming out. we also have here in the uk as you mentioned gdp, which gives us a better feel for how the recovery is going on this side of the atlantic. but i think the problem is we have spanish bond yields creeping up the last three weeks or so. there's yet another euro pin meeting friday talking about raising maybe the ceiling for buildout funds. i think we could well see the european debt crisis come back to bite us again if the bond yields continue to go up for spain. >> it also seems the germans are making a few concessions finally, conceding to allow ministers to beef up this temporary euro zone bailout fund. is that seen as a good think on the markets or perhaps a sign of things being worse than people thought. >> clearly it looks worse than we thought maybe a month ago. but i'd have to say from a markets point of view if you look at the likes of stock nashl markets and the euro against the u.s. dollar we're not seeing much in the way of nerves. we had something of a wobble for most of last week in major stock market but we have started off today in a po

what has that gotten us in our relationship to china. 23 years ago -- uk str reports to congress annually on congress compliance with wto comitments, the most aren't report is 127 pages long, filled with problems. the u.s. has used the formal dispute settlement process in only a handful of cases, even in rare cases that we get justice, it's not speedy justice. despite all the structures of the wto china cheats and continues to get away with it. if this is what we get from china which ranks 75th on the corruption index, what can we expect from russia which ranks a dismal 143rd on the same list. china was not granted without condition and without delay. it takes only a couple -- the bill congress passed had only six subtitles dealing with the relationships. it's simply unreasonable to believe that pntr can be exte extended to russia without a more thorough examination of the issues, so, yes, we should have free trade, yes, russia should become part of the -- mr. chairman, i hope this is not our last hearing on this subject. >> thank you very much. now we'll turn to our witnesses, first we have mr. samuel allen who is the chairman and ceo of deer and company.

illinois, that was so important, focused on the economy, focused on the big issues, folk uked about the issue that he is going to use barack obama in a general election. i think going forward, that's exactly what the campaign does, focussed on the economy. focuses on the governor's issue and his vision. >> alice, obviously your campaign is having fun with this. they showed up at a romney campaign with free etch sketches. the fact is -- i mean your boss suffered a pretty big loss last night in illinois. you'd much rather spend the day talking about etch sketches than delegate counts. is it fair to be harping on this? >> it is, anderson. and with all due respect to kevin, this does matter to voters. because there has been the perception for quite some time as what will mitt romney do as things progress? he talks a good conservative game. look at his record. he's been very liberal on manufacture the key issues that voters are concerned with. being a romneycare which was prototype for obama care. he was pro abortion. he was for cap and trade. he was for many issues that don't tow the conservative line. and what basicall

the uk. they use a different rating system. they want a 12-a which is like our pg-13. iginally, it got a 15 rating and they cut the beginning. >> they are seeing it because of the book. >> and they want it to be accurate because of the book. >> is it a little graphic rk maybe. i haven't seen it yet. i'm going to go see it now. >> what do you have coming up on the show? >> drake tickets. drake is going to be in town. we'll give you yours tonight on hot 99.5. >> that's a big deal. >> i know. people are excited. 7:35 tonight. be listening, i'll give you tickets. >> great to see you. thanks so much. >>> a race against time. firefighters try to contain deadly wildfires. >>> plus, dashcam video released of cops chasing down a stolen school bus. >>> don't miss a fashion star on nbc 4. you can participate in our live web chat with angie goff on www. never in my lifetime did i think i could walk 60 miles in 3 days. (woman) the goal is to bring an end to breast cancer. (woman) there's no doubt in my mind that komen's funding helped saved my life. the 3-day is my opportunity to he

the past year telling us to follow the american example ne question, why has the u.s. economy grown more slowly than the uk? mr. deputy speaker the numbers are in. the chancellor is plain wrong. the u.s. economy grew 1.7% last year, twice the rate of ours. this government has run out of excuses. it's their mistakes damaging our future. it's the failure of their plan. today we heard about more schemes from the chancellor. but mr. deputy speak, why should ebl it. every scheme so far has failed. he told us in the june budget it would help 400,000 firms. he's missed his target by 9 %. the chancellor's plan has failed. what about the center piece of last year's budget? it's easy to forget now, it was called the budget for growth. this one is my favorite. it's the business growth fund. the business growth fund. six regional offices open and how many businesses benefitting? six. one for each office. the chancellor's plan has failed. we needed a plan for growth that will work. we needed a guarantee on used jobs. we needed a british investment bank to help slow business. on growth, on jobs on how we pay our way in the world this chancellor has failed. on the proposed film

the last resort in the uk against the us crimes and we cannot reach the goal of several some because we replaced it with pick who will replace it with this particular program so it is protection is a very expensive. special mission from distributions. and therefore the in the european countries limited. our resources recently gotten action means. if you would like if we take somebody replace protection program then he has to fulfill his superiors how close is the european national police and judiciary how close are they each other and to you in the realization of this. you mean hearing you i mean in europe how closely yes yes the judiciary the police in india. different in a lot of countries so you want a luxury position here in the russian federation of criminal law you have one country one police authority we are not at the luxor a. position in the european union we have thirty seven permafrost around us we have fifty seven different. laws we have a lot of different criminal proceedings therefore it's. not easy to cooperate but in the majority of our countries in europe it is protection for even the police it's a police mission. police is peter responsible for ru

is to sort of, if not reassure, reiterate the special relationship between the u.s. and the uk especial given our recent american focus of what is going on in asia and southeast asia, tell usut the goals vis-a-vis the white house? >> we have seen the president focus on the asia pacific region during his administration. so, there has been question about the relationship between the united states and the uk, this trip very much stressing is that so-called relationship as you talked about, and of course the basketball game was for fun and laughs but there will be a state dinner tonight. so the administration really rolling out the red carpet for the prime minister and it's worth noting, alex, that prime minister cameron is the first foreign official that has been invited on air force one by president obama. we are expecting them to come out in a few minutes and talk about things like iran, afghanistan, syria. you'll not see a lot of daylight between the two issues. >> i think that the prime minister being taken on air force one will not make him happy. >> this is like chuckles, live at the banana peel. >> in all seriousness, when i worked with the clinton administration, worl

the penetration levels, it's 5% and today is around 40%. you compare that to the uk and japan. in terms of selling used equipment, the manufacturers like the caterpillar will point to prices in the used equipment market say they are strong and that's good for us. >> that's exactly right. from 2009, used prices increase year over year. that's healthy for our industry in particular. >> how is the acquisition going. you floated out money and all the rest of it, how is that going as far as the progress? >> when you take a look at both companies and the cultures are align and great cooperation from the management and we had some of the management team willing to join going forward. we are very excite and making a lot of progress. >> you still see $200 million upon the completion of the deal. >> at least 200. >> at least. are you any more optimistic as you approach the vote on april 27th? >> again, we said at least 200 million and we haven't talked about the synergies we haven't talked about that we are looking forward as the opportunities to cross sell our products with their type of customers and vice-vers

is the world's largest ticket marketplace. that's owned, by the way, by ebay. the president joins us from across the pond, where he's getting ready to launch operations in the uk.>> well, the uk is a great and vibrant market for fans, especially music and sports fans. we think it's a great market for us to be our first market outside of north america. >> you already have some competitors there, wasn't one cofounders actually set up shop in the uk? >> that's correct. we have a few competitors out here, but all -- sort of the three competitors that started as a copy and paste of stubhub, if you combine all three, they sell fewers tickets than ebay does. >> you just heard from darren, of course, giving us a number of different stats. is this the busiest time of year for stub does that hub? how big a role do these games play in terms of your sales? >> we, march madness is a great time to find tickets to the college basketball championship, but not our busiest time. our busiest time is actually in october when you have the nfl going, baseball playoffs and still concerts going. we have a weird cycle where our bus just time is in october. for the rest of e-commerce, i

the uk budget. joining us now michael gallagher, director of research. so does it matter if the uk's outlook has been downgraded? >> i think the negative outlook from fitch and moody's is actually sort of important because it does increase the risks over the next year that the uk could actually see a down grade. i think to be honest the government in the budget are not going to give ratings agency a reason to downgrade, a reason why the uk could be downgraded is if we slip in recession and lo longer term government debt to gdp looks worse than is currently projected. so that will be the real sort of catalyst and trigger point. at the moment the odds are probably 30% that the uk will be downgraded. >> what determines at this stage whether or not the uk slips into recession? it feels to me we're teetering this situation where the government could stick with austerity, stick with plan "a" and it could work out and companies start hiring or it can all go horribly wrong. >> the critical issue is actually sort of external. if there's domestically generated slowdown then the bank of england will have further quantitative easing and provide an offset there and could get quite

able to be a stockholder in the uk now it's totally private again they used to account for every asset in gold only in other words they don't care what member banks again this is the top is this is the highest bank that exists at least to my knowledge a list of some black banks somewhere and no one knows about bank of international settlements accounted for everyone in gold already so they know what it is and they know how to account for and they know what it means and these countries do as well and they're scared again i think you were instrumental in getting that started and now these banks are getting worried and they say you know if something really takes place we don't want to recall in the new york fed i was in new york oh i don't know a couple years ago had two hundred fed took some photographs to a little video for members but i'm on the street walking on the sidewalk and as i'm walking right past the the fed there i'm thinking to myself you know i'm walking over who knows how much percentage of the world's gold right now and how many people you've been aware of it and how many people realize what explore all you know surface area this is relative to t

start to print them but with the uk currency if one country is devaluing this causes another country to do the same we've seen that with brazil and china in response to the us what's known as currency wars we talk a lot about them we've been argued the bestselling author of the book who talked a lot about them so this is exactly the opposite of what bernanke is saying let's break through the propaganda though that's coming from all directions it's not just the we have m.f. global we have the mortgage settlement we have the g.o.p. budget released by paul ryan here is to talk about all of this is gerald celente he's founder of the trends research institute publisher of the trends journal and i am so happy to welcome him back to capital account hi mr solenn say thank you for having me any time absolutely you're always such a pleasure and so insightful so first i want to ask you because i sat through ben bernanke the professor burn a lecture today and heard some assumptions that he made that i would disagree with talking about the importance of the central bank as a government agency and the necessary of having a government agency with the public's best interes

the citizens about their data. that is completely against european law. >> commissioner, good to talk to you. commissioner reding, thank you very much, indeed, for joining us. >>> manufacturing pmi in the uk, 51.2 in february versus revised 52 in january. slightly weaker that the forecast 51.8. pmi input price index is 55.3 in february. it was 44.3 in january. so the input price has jumped up the highest since september. the employment index shows the strongest job growth since june. as it perhaps raises hopes they will expand in the first quarter that is highlighted the head winds particularly that inflation number. i don't know if richard mcgwire is with us. if he is, we'll get a quick reaction from him. although the bank of english foreca forecasts the economic forecast will pick up helped by falling inflation. slowed at the risk of setbacks. i think richard is with us. richard, pmi at 51.2 in february. the input price has jumped up a little bit. where does this put us in terms of your thoughts on the uk recession and whether, indeed, we get more qe? >> well, in terms of recession, we had a fairly strong manufacturing pmi number out of the uk in january. far exceeding expectations and

joining us for reaction, the senior director, bob parker still with us as well. bill, your view on this, uk escapes recession, is it? >> well, yes, and just. it's still growth and that's the positive thing that distinguishes the uk from, i think, the earlier numbers we were seeing coming out of the weaker economies in europe. and that's, to me, a much bigger crisis than looking at maybe weaker growth in the uk. it's when we get a reversal of the rally of the last couple of months which is coming and that's going to come on the back of people realizing that the tightening and sovereign debt we've seen for spain and italy is unsustainable. numbers like we've seen interest out of there which circle to the session rather than the uk number which hints towards some kind of new low economy -- >> here is the point, if you get third and fourth biggest economies, presumably no one escapes that. they are major trading partners. not only within the eurozone but the eu. >> clearly the uk suffers on the back of poor european numbers. >> we've had this market rally, of course, and talking about tightening, do you think the ra

is the latest high being sold on our street in uk. cannot ask my right honorable friend now that we have regulations that allow us to act swiftly to ban dangerous highs, will my right honorable friend act on this immediately? >> we're grateful. prime minister. >> my honorable friend raises an important issue. we're determined to stand by the so called legal highs. the home office is aware of this particular drug. we now do have this drug early warning system and so the system brings these things are attention but as he said, a decision now nee to be so timid and i will make sure that happens. >> ed miliband. >> mr. speaker, tim howell is a delivery driver. he is a married father of three and e sole owner in his family. he currently works 20 hours a week. next month under the prime minister's proposal and thus e works 24 hours a week, he will lose all his working tax credit from 60 pounds a week. these as i approach my employers to incree my hours but i told there simply aren't of the hours there. i would love to work full-time. mr. speaker, what's the prime minister's advice? >> first of all let me just set the context for this becaus

is the latest high being sold on our street in uk. cannot ask my right honorable friend now that we have regulations that allow us to act swiftly to ban dangerous highs, will my right honorable friend act on this immediately? >> we're grateful. prime minister. >> my honorable friend raises an important issue. we're determined to stand by the so called legal highs. the home office is aware of this particular drug. we now do have this drug early warning system and so the system brings these things are attention but as he said, a decision now needs to be so timid and i will make sure that happens. >> ed miliband. >> mr. speaker, tim howell is a delivery driver. he is a married father of three and the sole owner in his family. he currently works 20 hours a week. next month under the prime minister's proposal and thus he works 24 hours a week, he will lose all his working tax credit from 60 pounds a week. these as i approach my employers to increase my hours but i told there simply aren't of the hours there. i would love to work full-time. mr. speaker, what's the prime minister's advice? >> first of all let me just set the context for this

is now selling lamb-burgers in the uk. mcdonald's might also, just so they can use the slogan, "ba da ba ba bah-hh-hh." [ laughter ] [ truckp beeps ] some celebrity news, you guys. over the weekend, lady gaga -- [ laughter ] some celebrity news, over the weekend, lady gaga tweeted a picture of herself without wearing any makeup. so it's your move, seacrest. [ laughter ] [ scattered boos ] whoa! hey! whoa! whoa, whoa! >> steve: don't go jokin' 'bout seacrest! >> jimmy: check this out. a woman here in new york claims that her blind date stole her iphone and her wallet. she was like, "i have to have that iphone back. i mean, what if he calls? [ laughter ] we had something together." [ light laughter ] i just saw this. a court in japan is ordering google to stop its autocomplete search function. yeah, i was reading the full story and it made me so "mad men" season 5! autocomplete, you ruined my monologue now too! [ laughter and applause ] [ truck backing up beeps ] >> steve: i like the rear view mirror joke. >> jimmy: yeah, i was using the rearview mirror. yeah. >> steve: make sure you see -- >> jimmy: yeah. -- backing up. >>

reunited with her son, who was kidnapped as a baby uk see it's foggy for drivers heading towards marin now. and more rain is on the way. stay with usthe news at 4:00 continues right after this. ñ ñ ñ ñ ñ bñbt >>> former illinois governor began serving a prison sentence on corruption charges today. he april rifed in denver before heading to middleton, colorado. authorities arrested him in 2008. they accuse the democrat of trying to sell the former seat in the u.s. senate to the highest bidder. he navigated past recorders when he left his home in chicago. >> i have high, high hopes, now, you can go home. >> he told reporters he believes his conviction will be overturned. law requires inmates serve 85% of the sentence before being eligible for release. and that means nearly 12 years for blagojevich. >> a mother in texas will get to see her son for the first time since he vanished as an infant. police say this woman kidnapped miguel morris in 2004. he knew the mother and grandmother and baby sat for the child. child welfare discovered piggel when investigating an abuse complaint against tanner. >> i haven't heard anything since 2004. t

use a lot of contract employees or events and projects. our total payable has amounted to over $1 million and all profits have been reinvested in the u.s., nothing sent back to the uk. here is my experience with emigrations -- immigration's. 2002, they issued a visa. 2003, successfully renewed in the u.s. be given eight months to prove our viability. thanks to my attorney for her experience and patience. 2005, the says are renewed successfully. but we have to return to the u.k. for processing because the laws changed. basically, when i try to renew again, they did not believe that i was a manager. also, they refused to recognize our employee as a professional, even though a four-year degree would exactly mirror the situation. we have been in limbo for 15 months until last friday when we found out the appeal was dismissed on grounds similar to the original denial. at least we know now. or something as important as a green card process, there should be the opportunity to appear before an official to make your case. during the green card fiasco, we were unable to leave the country for family bereavement. we were landlocked. we could not get a renewal of women for five months w

is joining us. good friday to you. >> you too. >> from france to the uk. >> there may be a coordinated emergency releaseed to decide on the iranian oil sanctions. now, europe has signed on to it but you get the uk and some other country. question, will he sign on to the iranian snkss and say sanctions and at the same time he talks about injecting strategic petroleum reserves. there's reuters saying that it's going to happen. i don't know anything. these are the rrps. and that would be coupled with the final nail on the iranian oil sanctions. >> yes, there are other theories out there that would target retail gasoline, waving the blentding requirements and the joan acts. >> yes, those are things that would take 40, 80, 60 cents off the epa. all of the mandates, ethanol mandates, 18 different kinds of gasoline, winter and summer, that could help. you know what could also help? a 10 or 12% increase in the value of king dollar which would bring down all of these prices. and you know what is really cool, if we could somehow get our arms around these gas prices, you have a huge collapse around the electricity

is a meteor on camera. police in the uk got a lot of calls about a bright light streaking across the sky last night. phil haslett used motion detection software to take these pictures. some believe the streak was a burning airplane. that's always positive. but british police quickly tweeted out a message telling the public not to worry. it looks like it was just a heavenly body going across the sky. you're going to be surpriseed if you go out tonight because it is quite cold. >> old man winter sneaking a little sneak attack here into the month of march. very, very chilly air outside tonight. and the cold air's going to be sticking around all the way through at least the front half of the work and school week. so a cold start to the week for a real change. most of our winter wasn't all that chilly. but it will feel a lot more like winter time tomorrow morning. outside we have a partly to mostly cloudy sky over washington right now. clouds are going to be on the increase tonight. and we do still have a chance anyway of seeing some snowflakes here in town during the day tomorrow not expecting much of an accumulation. bu

us to follow the american example need to answer this simple question. why has the u.s. economy grown more slowly than the uk? mr. deputy speaker, the numbers are in. the chancellor is plain wrong. the u.s. economy grew at 1.7% last year, twice the rate of ours. this government has run out of excuses. it's their mistakes which are damaging our future. it's the failure of their plan. now today we heard about more schemes from the chancellor. but mr. deputy speaker, why should we believe it? every scheme he has put forward so far has failed. what was the big idea of his first budget? the national insurance holliday. now we didn't hear much about the national insurance holiday today, and it's no wonder, because he told us in his june budget it would help 400,000 firms. he has missed his target by 97%. the chancellor's plan has failed. and what about the centerpiece of last year's budget? it's easy to forget now, but it was called the budget for growth. now this one is my favorite. it's the business growth fund. the business growth fund. six regional offices opened, and how many businesses benefitting? six. one for each office. the chancellor's plan has failed. we neede

us a bigger picture about jobs in this country and where the national jobless rate stands. meantime, a big shakeup at news corp. james murdoch is going to step down as head of news corp's uknews international. he'll remain as the coo of news corp. that makes him the third highest ranking executive behind his father and chase carry. the past year has been filled with scandals for several of the company's top publications. there are investigations into phone hacking and bribes to police. it has been a scandal filled year for a very high profile family who's made a lot of moechb covering scandals. brian stalter is joining me. james murdoch, many people saw him as the parent. he's stepping down from the british newspaper division. is this punishment for the scandals or is this a promotion? >> this is felt to be a long-time coming because james murdoch has been the most closely tied to the phone hacking scandal in britain. this is a scandal that is slow motion in a way. a lot of investigations going on in britain about it. hasn't come across to affect the u.s. james murdoch has been brought up. what he knew and when he knew t. by moving him away from oversight of these papers

let us start where diana was there as weigh check in on conditions in europe where we desperately need the rain. a significant drought is under way across spain and into the ukwell. you see the spin. it's going the wrong way. that's an area of high pressure that will be dominating our pattern. the lows that have developed in the eastern mediterranean will get turkey with showers and snow. temperatures for today, 12 vienna, 20 in rome and low 20s in madrid. for now, we are doing okay across the north. but there you see the boundary there that andrew was referring to. that's going to continue to keep us with the low clouds and drizzle conditions over the next couple days. no really big storms in the offing right now. we have this weathermaker that will bring rain with snowfall to the north. temperatures for your wednesday in the low teens in shanghai, taipei at 19 and 32 in manila. the big story in australia, two tropical systems here. one has already gotten a name here. we'll watch this one closely. this one will be making landfall over the next 48 hours. we'll watch that closely. the main threat here, yes, we'll get gales but the main threat will be signific

is tough. fortunately for us, perhaps, we are just in the infant stages in europe. it's less than 1% of our sales. >> that's wonderful. >> but we are gaining traction, particularly in the ukith the local consumer. and in paris, with the international traveler, who's visiting paris. >> are you seeing a lot of foreign money coming into the united states right now? >> yes. >> so foreigners coming in, they're actually accessing business here in the u.s. >> yes. and then we're seeing an increase in the number of asian tourists. particularly chinese tourists. and now with the visa flexibility that's being developed, we expect to see a further substantial increase. >> we mentioned earlier, children's products, baby products. i know it's a small selection of children's products now, baby bags, tucked into the back of the store. is this an area of focus you'd like to expand? >> i think we have enough opportunity within our sweet spot, which is accessories. we are at the same time expanding rapidly in what we call our emerging categories, shoes, jewelry, fragrances, watches. those categories are growing very quickly. >> are you still in expansion mode in terms of new store openings

is joining us with the details. >> reporter: hi, wolf. it's clear the special bond between these two leaders extends beyond the traditional special relationship between the u.s. and the uk. prime minister cameron by our count is the first foreign leader to get a trip on air force one with the president. the two share policy goals and a personal rapport. ♪ the day began with pomp, circumstance and a little mutual teasing. >> he's learned to appreciate one of our great national pastimes. his team has told me he's decided to install a hoop at 10 downing street. >> i will leave america with in words, alley oops, brackets, fast breaks, and who knows, maybe that hoop will be installed in downing street after all. >> all right, everybody. thank you so much. >> reporter: the two leaders met behind closed doors for at least two hours. then in the rose garden, addressed the full spectrum of world events. on afghanistan, the president gave a date for a shift in mission. >> at the upcoming nato summit in my hometown of chicago, we'll determine the next phase of transition. this includes shifting to a support role next year in 2013 in advance of afghan's taking full responsibility f

administration officials telling us on background an agreement in place is inaccurate but at least everybody is talking about this reuters report about whether the u.s. and the uk have some kind of election year plan to lower gas prices. yesterday i talked to richard florida, author of "the great reset." presidents can't do much about it. it's going to be more about everyone changing their life and i'm going to tell you something else, the needle on gas consumption in the world is not us, i mean our gas consumption is down, our imports are down. it's about the rest of the world and this is what richard florida had to say about what that's going to mean for us. >> increasing numbers are walking and biking to work are do you knowsizing that house. if we want to make the american economy thrive we have to make the american economy less oil dependent and the most important the president can do and we can do is change the way we live. >> yeah. change the way we live. aha. i know i was just asking a little while ago, what is that magic number when people actually start changing the way they live and budgeting different. >> i told people about this. they said 535. tha