. >> warner: and i'm margaret warner. on the newshour tonight, we'll have a report on the deadly pre- dawn raid that has triggered international outrage, and get two views, from a leader of the aid group involved in the clash and from the israeli ambassador to the united states. >> ifill: then, as b.p. turns to yet another plan to stop the flow of oil from its blown well, we look at the public response to the spill and its impact, with oil analyst amy jaffe, technology expert paul saffo, and bill nye, the science guy. >> warner: ray suarez has a report on china's smoking epidemic, and why the government has done little to stop it. >> suarez: can the chinese government credibley urge its citizens not to smoke while being behind the growing of the plant and being the country's chief cigarette salesman? >> ifill: and, on this memorial day, we revisit our conversation with author tim o'brien about his book, "the things they carried," soldiers' stories from the vietnam war. that's all ahead on tonight's newshour. major funding

margaret warner talked with hague this afternoon at the british embassy. >> warner: foreign secretary, thank you for joining us. >> it's a pleasure. >> warner: as you just said in the press conference with secretary clinton, it has been an extraordinary week in british politics. you were in the thick of it. you were the lead negotiator. what tipped the balance? what made you decide to go into this coalition than govern alone? >> we wanted to have a secure government that could last, we hope, for a good five years to the next general election, and if we had governed as a mean ort that would have been a very unstable arrangement, probably led to another election very quickly, and we found we could combine socially liberal conservatives with economically conservative liberals into a coalition, which we hope will be a great success. >> warner: this is the first coalition government britain's had since world war ii. >> that's right. >> warner: since the churchill cabinet. what kept them together on foreign affairs and national security was defeating the germans. what's going to keep these

>> warner: dr. abdullah, welcome. captioning sponsored by macneil/lehrer productions >> lehrer: good evening. i'm jim lehrer. financial reform headed toward completion after the senate passed the biggest regulatory overhaul since the great depression. >> woodruff: and i'm judy woodruff. on the newshour tonight, the measure sets up a new consumer protection agency, among other things. we'll talk about the bill and what comes next with economist greg ip, and stacey marie ishmael of "the financial times." >> lehrer: then, jeffrey brown gets the latest on the daring art robbery at the paris museum of modern art. >> woodruff: margaret warner interviews the man who ran against afghan president karzai and lost. >> obscurity is in the mind-- security is the mind of the people. do they feel secure, more secure today than it was like six months ago in different parts of the country? i don't think so. >> lehrer: plus, we have a global post report on protests over the u.s. marine base in okinawa, japan. >> the future of u.s. forc

. >> warner: and i'm margaret warner. on the newshour tonight, signs of an economic recovery were tempered by continuing market uncertainty in europe and here. we'll assess the economy and look at the markets' volatility. >> brown: then, simon marks reports on the dramatic outcome of the british general election, where no political party emerged with a clear mandate to govern. >> a big, open and comprehensive offer to the liberal democrats. i want us to work together in tackling our country's big and urgent problems. >> warner: coalition negotiations are underway. we'll get three views on the horse-trading that lies ahead. >> brown: and we close with the weekly analysis of mark shields and david brooks. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >>

margaret warner has our story. >> no nukes! no wars!lding signs reading no nukes, no war, thousands massed in new york city streets this weekend to call for a permanent end to nuclear weapons. >> we cannot continue to play with fire any longer. >> warner: they marched in add vachbsed of a united nations con convenience... u.n. secretary general ban-ki moon opened the meeting this morning. >> the work you undertake this day is of immense importance. to humankind. >> warner: every five years the signers of the 40-year-old nuclear non-proliferation treaty or npt meet to review how well it's working and what else needs to be done. but looming over the month-long conference this time is an item not explicitly on the agenda: iran's ongoing nuclear program. and today made it clear this conference is going to be a showdown of sorts between the two main protagonists: washington and tehran. >> this is going to be a face- off between the united states and iran. >> warner: leonard specter is deputy director of the non-proliferation center at the mo

margaret warner has that story. >> warner: it was a full-scale white house wblg for mexican president felipe calderon. with all the traditional pomp and color. the leader set a tone of cordial understanding with statements that mirrored each other. >> the united states and mexico are not simply neighbors bound by geography and history. we are, by choice, friends and partners. >> ( translated ): we are friend and partner nations, nations that work together and trade, and that complement each other economicly, nations that dialogue and that are intertwined by geography and history. >> warner : but their friendly words couldn't hide the fact that u.s.-mexican relation are bessette by some contentious issues right now, first and foremost, the new immigration law in arizona. the new statute, signed last month by governor jan brewer , makes it a crime to be in arizona without proper documentation. it directs state and local police to enforce it, stopping people and checking documents if necessary. in a country where 12 million illegal immigrants, polls show more americans support the law th

>> warner: i think so. this document isn't like a state of the union or policy speech that announces new policies. so the specifics would be tucked into sections. let's take iran. so that would be in the section about how important it is to fight the spread of weapons of mass destruction. and in there would be a paragraph about the approach they're taking to iran, which is the same as north korea. to show them there are incentives for doing the right thing and incentives for doing the wrong thing. but, of course, implicit in that is that takes international cooperation, as we well know. this was more their sort of broad, strategic concept, not a specific policy. >> lehrer: where did this come from? what drove the need for this or the desire for a new strategy? >> warner: i'm sure some of the people working on this for weeks and months were wondering the same thing. congress, oddly, actually requires this of the president every year. now, president bush did it only twice, two in '06, and this is the first ob

and--. >> warner: and money? >> and money. >> warner: jamaican officials have vowed publicly to keep up the pressure until they cash their man but within a power strukt that you are has long protected him, dudus coke is clearly a man with resources to draw on. >> lehrer: and late at a, jamaica's information minister said it was unclear whether coke was even still dm the country. right now. >> woodruff: now big changes in privacy controls on facebook. newshour correspondent spencer michaels begins with this report from palo alto, california , where the social media giant made its announcement this afternoon. >> reporter: when people sign up for facebook, it's usually to connect with old and new friends via the computer. high school buddys, former workmates, long-lost relatives and recent acquaintances. but facebook is far more than a digital phonebook. billions of pieces of personal information are posted on the site-- likes, dislikes, social doings, photos of everything it's good, the bad, the embarrassing. and s

ad spending is coming back for media giant time warner. and the future is looking good enough for the company to say its 2010 outlook may be too conservative. a 9% jump in advertising helped time warner turn in better than expected profits in the first quarter. what has long been a laggard in time warner's portfolio, its namesake "time magazine", even saw more ad sales. but the stock dropped about 2%. it's cable news networks continue to see weaker ratings and a drop in ad revenues. another media company, dolan media, saw a big 10% rally. dolan concentrates on business information and services. strong earnings helped push the stock up on heavy volume. and g.p.s. device maker garmin lost its way in the first quarter. the company calls its results mixed, investors just plain didn't like them. profits missed expectations with revenues showing a surprise drop. competition from g.p.s. enabled smartphones has been coming on strong. shares had a clear direction today: down. the stock dropped to six-week lows on five times normal volume. and that'

that's what happened today. >> warner: surely more chapters to come.y, that very close british election tomorrow. newshour correspondent simon marks prepared this report. >> thanks for your time. thank you. >> reporter: laura edge has a spring in her step this springtime. the 31 year-old lawyer is running for parliament in britain's general election, representing the country's traditional third-ranked party, the liberal democrats, in one of the country's most closely contested districts. >> i'm the lib-dem parliamentary candidate in finchley and golders green. just wondering if you had any plans to support the lib-dems on election day? >> reporter: and like liberal democrats all over britain, she is daring to dream that the country is on the eve of seismic >> i hope so. i really hope so. and i think the thing is that lots of people do, because i think we really, really need a change. there are actually a lot of people thinking that their vote really can make a difference this time. >> reporter: it's been a whirlwind month since prime minister gordon br

that's what happened today. >> warner: surely more chapters to come.ace on election eve. sisimon marks prepared this report. >> laura edge has a spring in her step this springtime. the 31-year-old lawyer is running for election. :½ daring to dream that the country is on the eve of seismic political >> reporter: and like liberal democrats all over britain, she is daring to dream that the country is on the eve of seismic political change. >> i hope so. i really hope so. and i think the thing is that lots of people do, because i think we really, really need a change. there are actually a lot of people thinking that their vote really can make a difference this time. >> reporter: it's been a whirlwind month since prime minister gordon brown, flanked by leading members of his governing labour party, announced the country's general election outside his office, number ten downing street. >> the queen has kindly agreed to the dissolution of parliament, and a general election will take place on may 6. >> reporter: the man who inherited tony blair's mantle in 200

. >> brown: margaret warner has more. >> warner: and for latest on today's elections we turn to ned temko, a writer for the "observer," the sunday edition of "the guardian" newspaper in london. he's writing a book about british politics. ned temko, welcome. what do you think we can tell based on the exit polls and the very, very sketchy actual count that's in? >> not a lot. i mean, if these exit polls are correct, it will be an extraordinary election. it will be the first time in 36 years that none of the major parties has had a working majority in the commons. if that indeed happens we're in for a lot of horse trading and a lot of kind of political brinks manship because both of the major parties-- labour and the conservatives-- will want first crack at forming a government. but the one very important caveat is, as you say, very few votes have actually been counted. i think two of the 650 constituencys have so far reported. so it's a long night. and they will change the exit poll in the next few hours. they've already mended it a tiny bit so that i think the latest conservative projectio

senator warner is in an interesting position because he thinks if everyone would calm down we would get a bipartisan deal, but folks are dug in. this is a chance to once in a generation chance to really change banking and we'll have to see how it works out. >> everyone is talking about consumer protection and the watchdog groups are telling us that the lobbying groups are jetting up their operations. how concerned should the average citizen be that their interests will be protected against corporate interests as this progresses? >> as concerned as ever. >> no more than usual? >> there is a concern in that you don't know how the legislation plays out once you put it in place. we don't know what the legislation will be in place right now. so i think what perhaps is a confusing message to most americans is that both sides claim to be looking out for the interests of a average american consumers with one side saying if you institute proposals to create a whole new agency to protect consumers, you will cost people more and harming businesses, other side, if we create this agency, the whole i

no aol, no time warner cable. talking about a company that is largely a studio and a bunch of cable networks. you see the results right there. i had noted this earlier, worth noting again, time warner bought back 22 million shares, spent $666 million doing that between january 1 and april 30th. that share repurchase was increased to $3 billion on january 28th. but again, that's a lot of shares to be retiring, 22 million during the quarter. they want that stock higher. they're not getting their way today. got a lot of cash over there as well. mark, back to you. >> thank you, david faber. >>> all right, the government's still talking about the meltdown. on the hot seat today, the man at the helm of bear stearns when it collapsed. on the list, jimmy cayne. we'll take you inside the hearing, next. >>> and how can you protect your money from the house of cards going down in europe? first it was here, now it's there. we've shown you some of the footage from athens. and we will be back with that trade coming up. the mark

we just talked to mark warner of virginia. as the senate begins the amendment process on the financial regulation bill. how challenging is this for the leaders both the committee leaders and the party leaders in the senate to put together a framework for this debate? >> i think it's a real challenge, because unlike a lot of bills that go through the legislature, this encompasses so many elements across the financial spectrum. that will affect not just wall street but potentially small businesses, community banks, and so i think while there is wide agreement on the goals, you know, as senator warner spoke, there's a lot of disagreement on exactly how to get there and how to strike the right balance. >> like houmt amendments can be offered is going to be critical to the process? >> absolutely. and we don't know the answer to that question. and the more amounts offered and the less structure for debate, the more difficult it could be to see how this is all going to come together. and i think one of the things

warner: let me follow on my colleague's comment. he is my colleague and friend and my partner for the last year. i think we've both, as former business guys, said this is not an issue that should be partisan. we need to check our d & r hats at the door and find a way to figure out some new financial rules so we never have to face what we faced in 2008. i think some of the original approaches that we had might have been titled. i know we talk add little bit off the floor about the notion that actually some of the borrowing authority that now exists might be larger than what we initially had proposed. but at the end of the day what is important is that one, taxpayers are protected, and that's what the shelby-dodd approach has. it has no recouping from the financial industry. and, two, to make sure there's montana to be able to wind these firms down in an orderly fashion. we've seen with lehman, a year and a half after the fact, literally hundreds of billions -- millions, close to billions of dollars, that are being used to unwind that

warner: mr. president? the presiding officer: the senator from virginia. mr. warner: mr. president, i want to commend the chairman of the small business committee, my colleague and friend, senator landrieu and senator isakson for this amendment. i'm proud to be part of it. i think, as those of us on the committee, when we were drafting the legislation, we wanted to make sure that the mortgage securitization process, the originators of mortgages had skin in the game. and i think as we went through this process and working particularly with the expertise of the senator from georgia, we realize while skin in the game is important, it is more of the underlying quality of the mortgage. and if we've got mortgages that have that 20% down with a high fico score, the same level of skin in the game is not required. i think this amendment stays true to the intent of the banking committee bill. i'm glad the chairman of the banking committee is supportive of it. i think this is an amendment that refines and improves the legislation. i'm proud to be a cosponsor of it and grateful for t

the new play church girl is at the warner theater. congratulations on your latest grammy that you won this year. >> thank you. >> and does that make five or four. >> four. >> and the latest is -- this is your new one all in one. >> that's my greater. i'm going to get a grammy. >> and what are you doing now? >> i'm doing prayed up, on the cd. >> thank you for being here. [ music ] [ singing ]

and then we acquired time warner, and our mission became $11 billion of profit. we used to always obsess and worry about how happy 250 million customers were. in post-merger, all we worried about was 15 wall street analysts. you could really apply aol's downfall to the day of the merger. i cared about our customers and i will say that no one comes to work motivated by trying to generate free cash flow so we can pay off cable debt. my people come to work because they want to work in a company that has a double bottom line. that concept is central in my book. every movie i made, on my sports teams, every business i invest in now, they have to have strong bottom lines -- double bottom lines. here at c-span, you want to get big penetration and get good cable fees. you want people to be able to support it and sponsor it. you want critics to like what you're doing. but you are trying to change the world. you are trying to bring information to lots of people. you're trying to get people to understand how their government functions. and so you created a double bottom lin

that was back in 1993. >> and then you merged with time warner. and then there is the sports team. -- sports teams. what else is there? >> i started to make movies. i realized that movie making helped exercise the creative part of my personality but also was a way of giving back. i coined the term, filmanthropy. some films will be critically acclaimed and do well enough in theaters and get picked up by hbo, but alsouse the medium to -- but also use the medium to ignite a change, a perception, or activate voluntarism or activate charitable giving. i have made three movies. they have all run high on a double bottom line. one won an award last year. -- an emmy award last year. they have all been bought four major broadcast distribution. -- for major broadcast distribution. you get people to volunteer and write checks for the charities that they focus on. >> the first movie you did, a documentary called "nanking." where did you get the idea? >> i read an obituary in the new york times. i was on vacation. it was a wonderful story about iris chang who h

then on news makers, senator mark warner on the financial regulations bill.ater, another look at last night's white house correspondents' dinner. .

warner: mr.president? the presiding officer: the senator from virginia is recognized. mr. warner: mr. president, first of all, let me thank my colleagues for being here this morning. i'm pleased to join this effort. i want to thank my colleague from missouri, who has been a relentless voice on opening up and bringing a little sunshine not only on this issue, but on a lot of things that go on here that maybe make some of our colleagues a little uncomfortable, but she is constantly being that voice and pushing and prodding and trying to make sure that we improve the processes here. also i want to thank my colleague, the senator from oklahoma, who i think the senator from missouri said is, may not always agree with, but there's very few folks in this body that are more straightforward and honest about what they believe in and are more consistent. my colleague from oklahoma from us some of us, but he is absolutely consistent in what he believes and holds our feet to the fire again. and i commend him

time warner, they beat, when it came to burnings, very strong beat. 61 cents versus an estimate of 41 cents. revenue was better than expected and here you can see the move today is a decline of little less than 1%. i'm going to go with the red line instead, does that work better? yes. time warner intra day they're actually seeing an improvement in advertising in film entertainment and video sales of "the blind side" helped them out and publishing continuing or reemerge finally. pulte group. the biggest home builder. down 1.5% today. but still up 20%, 28% year to date. one of the biggest gainers in the s&p 500. they say the recovery continues this quarter. their loss narrowed. here's the crucial news. they think they will make a profit this year. analysts had estimated that they were going to lose 40 cents per share this year. look at that bottom right there. inventory repairment charges. really fancy way to say all that land they bought, a year ago they had to write those down by $400 million in value. this quarter only $8 million in value. still not nearly as bad. garmen, these are t

. >> some of the o come out of the company recently, we're talking about the separation from time warnersadly the human toll, at the peak it was some 19,000 folks and now down to 5,000 employees. and what is the steam lining? >> aol as a company is focused on making sure we have the right level of tal.and focus to be able to compete. when you talk about the competitive landscape and the reason aol has had a lot of challenges is based on what the turn around has been and where there have been layoffs in the past is because it comes down to products and services and the reason aol ramped up is because they were doing a great job bringing products and services to the world. and i think our turn around and the employee base and what we do in the future comes down to us pioneering and in ovating and doing things that are great for future. so we're hiring a lot of talent right now in the dulles area, in new york, in california and india and dublin and all of the maces across the globe. so i think although we've had to reduce some employees, the employee count here, we are in the process right

i spent a lot of time on that title myself, working with mark warner. i appreciate greatly the partnership that we had working on a resolution title. i thank senator shelby and senator dodd for the work that they did to try to improve that title. and we held out on this side until that occurred. now we have a vote, the sessions vote, that would strike that. mr. president, i want to say i'm at the point in this bill where i'm under no illusion that this bill is going to get any better. i know there's a lot of messaging amendments that will begin to take place. many of us will have the opportunity through our votes to express how we may feel about certain aspects of this bill. mr. president, when senator warner and i were working on a resolution, it was with the intent that bankruptcy be the default. that would be the place where almost every financial institution would go, and that may be that rare instance -- that rare instance -- was necessary due to some systemic risk. it was our hope that the judiciary committee would actually develop a title that wo

industry watchers became concerned when netflix signed deals with major movie studios including warner brothers that it would wait 28 days before sending new releases to its customer. turns out, even that has not slowed the roll of netflix the company contends the numbers have not slipped from its 14 million subscriber base. "most of what netflix members watch tends not to be new releases." "less than 30% of what people watch netflix for is new releases. we have a big breadth of catalog we have these movies and personaliztion. netflix recommends movies based on your taste and rental history." facets multi media in chicago has found success with the its niche business of new releases to hard to find foreign films. the company has been mailing out flicks to customers since the mid 80's. but the direcor of facets fears the curtain may be closing on the dvd industry... with downloading and streaming taking center stage. "the dvd industry is in a premature meltdown. already its in a meltdown because all the independent stores were basically wiped out by the larger stores and the chains netf

time warner reports before the bell.nvestors looking for higher earnings on an ad recovery and strong cable while its magazines are expected to drag on results. and after the bell cbs reports. all eyes on its advertising performance and outlook. >> i'm mary thompson. this is what i'll be watching for on wednesday. the financial crisis inquiry commission holds a hearing on investment banks and the shadow banking system. among the five former bear stearns executives set to testify, the company's former chairman and ceo, jimmy cayne. >> and let's take a look at the day on wall street as we say good night. the market under pressure for much of the day today. in fact, ending near the lows of the afternoon. on worries about the debt in greece and the ripple effects throughout the euro zone. the dow jones industrial average down 2%. 225 points lower at 10,926. volume heavy, as was volatility higher. 1 1/2 billion shares traded here at the big board. nasdaq gave up 75 points, nearly 3%, and that wasn't even the low of the day. 2

recently his friend started a campaign and worked with senator mark warner and he was able to finally get if vet the recognition he deserved. >> it's incredible. something i didn't expect for 19 years. it happened that my best friend what above and beyond what most guys would do in the military to make this happennd it feels great. >> he was brought to tears during today's ceremony but he added that he didn't join the army to get awards. >>> still to come tonight, what was so important that a woman sped down the highway at 100 miles an hour? she'll tell us after this and we're also starting to see some showers on this saturday night. we might be seeing showers for the next day or so. >>> a 72-year-old south carolina woman spent 12 hours in jail this week for speeding. sandra powell was not just going 10 miles over the limit. the dash cam shows her passing an officer going 100 miles an hour in a 45 mile-an-hour zone. her excuse for going so fast, this caught the officer offguard. >> i'm on my way to -- i went in the wrong detection and now i'm running late. >> you know you just about c

. >> brown: and margaret warner looks at what the greek debt crisis means for global markets and the u.s. economy. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour is provided by: >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: a flurry of action brought the times square bombing investigation to a head today. the prime suspect appeared in federal court in new york city, just hours after being arrested. newshour correspondent kwame holman begins our coverage. >> reporter: this is the man captured at new york's kennedy airport, last night, faisal shahzad, a 30-year-old american citizen born in pakistan. in washington, today, attorney general eric holder said the suspect has admitted his role in last saturday's failed car bombin

at the hype of the company's success after the merge of the time, warner, 5,000 people worked at the dulles location. now, more than 2,000 of them are left, and we talked to one former employee who recalls the ups and downs. >> the lows of, you know, is there going to be another paycheck to the stock markets zooming and flying. the support base, you have to get them that huge advantage. they have done a lot over the last ten years. >> reporter: aol's cofounder and they also reflected on the last 25 years of the company today. and the currency ceo said that the company is looking ahead to the leverages of the strengths and the scales in the quality contest. >>> playing those games may be the future of treating pain. new research today out of the university today, they find that using virtual realities of other computers or the video game technology could be an effective way to treat acute and chronic pains. scientists use the video game as a distraction and they found that it reduced that anxiety and the pain in some medical procedures. and delaware sisters testing the waters for a ta

warner: mr. president? the presiding officer: the senator from virginia. mr. warner: mr. president, i ask the proceedings of the quorum call be dispensed with. the presiding officer: without objection. mr. warner: mr. president, i wasn't planning on speaking today, but i have had the opportunity to preside for the last couple of hours, and i heard my friend and colleague, the senator from arizona, earlier today make some comments about the finance reform bill, and i wanted to address them. before that, i want to commend the presiding officer for his comments this afternoon, comments that i may not fully agree with. i think he makes a very persuasive and i think interesting case about how we get this right and whether the challenge clearly that we have to make sure as we set our goal is setting rules and regulations that will stand the test of time. we have got to make sure that we end the notion of too big to fail. i know my presiding officer's approach is to look at size. i think the committee

it emerged and then spun off from time warner. aol is to have 35 million subscribers. now it has 5 million. in "tech bytes" there's a new application tracking radiation levels from your mobile phone. facebook could be second- guessing all the privacy changes that it made off. jeremy hubbard has those stories and more from abc. >> facebook is responding to the lead over its privacy settings. the social networking site said a statement to the bbc that says it may simplify the settings. users have criticized facebook for making of privacy settings so complicated that many people cannot protect their information. one security vendors as 16% of users have closed their accounts due to privacy concerns. >>> google is adding secure layer that will keep third parties from intercepting users search terms and results pages. this comes after the company accidentally collected personal information of users around the world. hp is adding 54,000 batteries to a big recall. it's recalling more than 100,000 batteries from laptops. the company is concerned the batteries could overheat an

senator warner, senator whitehouse and i are the lead signators on this letter. but it's time for everyone -- by the way, if we get to 67 signatures, guess what we could do? we could amend the standing rules of this place. we could say objection would not be in order if it's anonymous. we could do that with 67 votes. and what a great day that would be. wouldn't that be a wake-up call to the american people that maybe we get it, maybe we get why our approval ratings of congress are near historic lows. for all the nonsense, ridiculous games that get played around here. let's do the public's business and let's do it in public and let's end the secret hold. this is a nasty habit we can no longer afford. i look forward to visiting with my colleagues on the other side of the aisle and see if we can prevail upon them to withdraw their second-degree amendment so we can go forward or find some other way forward. but make no mistake, we will find a way forward and we will end the secret hold. i'm confident it will happen. so you can fight as long and as hard as you want, b

senator warner. >> thank you and let me say this as a nice break from derivatives and high-frequency trading and other things we've been dealing with on the floorand also follow up quickly realizing my time is short you mentioned the educational foundation. i do think theres interesting opportunities to leverage. i think that the prize foundation and the kind of energy that genered. ayaan stand i missed some of the earlier what conversations, will the because of this great possibilities and opportunities as the facility in virginia but one thing i aminterested in assuming for a moment that commercialization moves forward and part of the challenge of nasa will be to ensure as i think earlier questions pointed out the safety of the commercial missions up to the isf. have you thought through how you set the standards particularly in the commercial context and is there some analogy we could draw from that working with the faa on cutting the safety standards amount commercial aircraft that we could perhaps you to place again? >> senator, we thought it through very seriously and continue t

on the earnings front, we hear from media giant time warner, devin energy. before the opening, cbs and prudential after the close, ross. >> i'm just getting comments out right now, nicole, from mr. vaber, head of the bundes bank. talking about threats of serious contagion effects from other states. he says the greek financing on capital markets is greatly endangered and the greek default will be in financial sablt for the euro zone. i'm not sure these comments are necessarily helpful. because it's firmly saying policymakers accept there is a serious policy affect and talking about greek default. it's putting in the mind-set we're considering about it. we'll so he get some comments coming up. mean time, european markets are down approximated. the ftse 100 off just a little less than .5%. xetra dax off a little less and the dax off a little more. anna. >> we have the mining dockses doing pretty well. bouncing a bit from there. big selling the last couple of days. peru tental is very much in focused. they've delayed their rights issue in relation to the takeove

sterling, virginia and know cussed on blogs and social networking after a marriage and divorce from time warner. what a ride it has been. >> unbelievable and i'm thinking of the airlines. >> ryan air is charging people to use the bathroom on flights. who knows if it is coming to america. >> pay if you want more leg room. >> right. >> virtual travel the way to go. >>> a new york senator will introduce legislation to ban drop side cribs. the democrat wants them gone. 7million have been recalled in the last five years because of safety concerns. they want them removed from places where she says they pose a danger to children. >> no day care center or child care provider, no hospital will be able to have drop side cribs because we cannot tolerate one more infant death. >> reporter: at least 32 deaths have been blamed on drop side cribs in the past decade. most are blamed on a hardware malfunction. >>> up next, the monday morning hero central report. meet a man whose life changing moment inspired him to help others. learn how he is doing it. >>> right now a focus on maryland's traffic and weather. h

. >> good morning, chairman reed, ranking member bunting, senator warner. i would like to convey my appreciation for the actions of the chairman and their staff during this time. their actions have been exemplary during this time. we support the s.e.c.'s and cftc's actions. one existing circuit breakers. two, establishing stock-wide circuit breakers with a velocity of prices. three, handling trade breaks to rationalize moral hazard, and four changing the use of specific order types that impacted the trading on may 6. the focus on these is consistency. while each reports it fufpksed correctly, the changes will handle unusual trading events in the future and help handing market events. our markets are strong, despite the 17 minutes of trading that have garnered public attention. keep in mind, the global markets were nirveous operating during an unusually long upward price string. this was undoubtedly tied to greece debt. ratings lowered the sorreign debt of greece, turkey, and portugal. the euro-was down 15% in the last month, 17% in the last month alone. aga

senator warner. >> thank you and let me say this as a nice break from derivatives and high-frequency trading and other things we've been dealing with on the floor and also follow up quickly realizing my time is short you mentioned the educational foundation. i do think there is interesting opportunities to leverage. i think that the prize foundation and the kind of energy that generated. ayaan stand i missed some of the earlier what conversations, will the because of this great possibilities and opportunities as the facility in virginia but one thing i am interested in assuming for a moment that commercialization moves forward and part of the challenge of nasa will be to ensure as i think earlier questions pointed out the safety of the commercial missions up to the isf. have you thought through how you set the standards particularly in the commercial context and is there some analogy we could draw from that working with the faa on cutting the safety standards amount commercial aircraft that we could perhaps you to place again? >> senator, we thought it through very seriously and cont

as someone who was born and raised in schenectady, want to thank you and senator warner singling outyour concerns in schenectady. >> that is an old town i played ball in. >> i actually watched you. >> we are not that old. [laughter] in your state and, you said that changes in the marketplace have a limited meaningful market makers'' obligations. what changes should be considered to market makers' rules to reflect the current marketplace and new rules of liquidity providers? >> that is a very good question. it does not have a simple answer. i believe in competition and the reason for changes in market maker obligations have been by the sec's effort to encourage competition across markets. the reality is that today and a number of marketplaces, there are not obligations reasonably obligated to the market. two things need to happen quickly prefers the is whether it is an obligation. should not be two-sided "obligations. quote obligations. secondly, their knees to be an evaluation -- there needs to be an evaluation where there should be a requirement if you were to get benefits from the