. >> forest fires are continuing to ravage the western europe state of colorado. the city of colorado springs has issued a partial evacuation order. the flames have forced 32,000 people from their homes. many sat for hours in traffic ams. warm temperatures and high winds of hundreds of kilometers an hour have hampered efforts to try to control the fires. >> if a u.s.-led sting operation in 13 countries scored a victory against identity the spirit 24 suspected hackers were arrested. the men are accused of illegally gaining access to more than 400,000 credit card accounts with some $200 million. >> world powers are preparing for talks in geneva this weekend on the crisis in syria. and as the conflict intensifies, the international media -- mediator for the region has called the meeting of foreign ministers of the five permanent united nations security council members to discuss new measures for a political transition. >> on the ground in syria, that transition looks very far away. >> on wednesday, gunmen stormed the headquarters of a pro- government tv station. offi

i don't know if any of youhave recently been to western europe. greatitmafr. ls ke what is called your radio. it no longer looks like western western western europe. the sovereign countries between the e.u. a the influx of the muslim populion, it t do lsoiguns thhr e edstes. the muslim brotherhood, you are absolutely right, as they mentioned representatives who were invited into the white house. he didn't start with rack obama. president bu and his second termegan to ake is ak d teinte e imthodan he last groups, bringing them in. the fbi, cia, the white house. so the infiltration has been going on for quite a while. is is very serus business. we need ent iin bletwyou e tical correctness. one of the huge reasons we are in this mess is because president bush and president obama, although for slightly different reasons, but the political correct as aspt to this has driven a lot ofit. thsoawas we need some leadership here who can identify, who is the enemy, who is the threat and how we are going to deal with it. ll o'reilly asked barack obama th lassupebolt e iniei

the rehabilitation of western europe through the marshal plan. and the efforts that were made that were very real by administrations proceeding reagan to try to reach some sort of understanding with the soviets. reagan was not the first person and not the first american president to have a relationship with a soviet leader. and others had tried to establish and open a dialogue with the soviet union. john kennedy was one of those people. and there's some evidence that had he lived, he was moving toward a relationship with cruise clever that may have slowed the arms race and the cold war. i think reagan was building on a foundation. but he came along at a time when there was a partner in moscow who he could work with. i think gorbachev is really significant. there was no one quite like him until he came along. we have time for one more. bl it's been said that ronald reagan intended to bankrupt the soviet union during his administration military spending went up dramatically. the soviets then tried to match that henceforth the 25% of their gdp. was

ago, the soviets challenged the western alliance with a grave new threat, hundreds of new and more deadly ss-20 nuclear missiles capable of striking every capital in europethe western alliance responded by committing itself to a counterdeployment. unless the soviets agree to negotiate a better solution, namely the elimination of such weapons on both sides, for many months, the soviets refused to bargain in earnestness. as the alliance, in turn, prepared to go forward with its counterdeployment, there were difficult days, days of protests, like those during my 1982 visit to this city. and the soviets later walked away from the table. but, through it all, the alliance held firm. and i invite those who protested then, i invite those who protest today, to mark this fact. because we remain strong, the soviets came back to the table. [ applause ] because we remained strong today, we have within reach the possibility not merely of limiting the growth of arms but of eliminating for the first time an entire class of nuclear weapons from the face of the earth. as i speak, nato ministers are meeting in iceland to review the progress of our proposals for eliminating

it's time for us to say to western europe you're on your own. you don't need us anymore. there's nobody threatening you and if there was, you're strong enough to protect yourself. we no longer have to have the arsenal we once had to defeat the soviet union in a war because there ain't no more soviet union, there is a much weaker country called russia. we have not significantly scaled back and again, we need to be able to protect people. we should be present in the middle east. we have to worry about lunatics, maligned lunatics with nuclear weapons in north korea or iran and we try to stop it. but we have not sufficiently scaled back. here's the problem. the nazis are gone. we helped defeat them. the communists are gone. we outlasted them. we pressured them. now we have the terrorists. you have the terrorists are terrible people, vicious murderers and i want us to go after them but let us not elevate them to the level of the threat of the soviet union or the nazis. they do not threaten our existence. they threaten the lives of some of us. we need to fight them. but the kin

and weakening apparel trends in western europe. you know, that's all it took to kind of get this thing going lower here, and so when we think about the big growth names, starbucks and lulus, some haven't recovered. >> you're bearish. you're buying a put spread tonight. it's always good to review that playbook and review that strategy again. this is a bearish bet where you buy one put and sell it at a lower rate to reduce your cost how do you make money? you want it to fall to the short put strike. that's where you make the most money. that's also where your markets are kept. dan, walk us through the trade. >> just real quickly, why i'm looking at nike, when you look at it, it's a very crowded trade. when you think about what we said, weakening trends in western europe and u.s. and china, this is one i want to impress here. i put a quarter position on. i bought a put spread in july. i bought the 97.5, 97.7. i bought it for 260. i sold one of the july put halves at a buck 35, my max was $1.25. i profit between 96.25 and 92.50 dlrsz.

. >> tom: persistent, slowing demand in western europe. that's partly to blame for weak profit growth at procter and gamble. p&g is the world's biggest consumer products company, making everything from tide laundry detergent to gilette razors. but it's not just the uncertainty in europe that dogs procter and gamble. some worry the company has gotten too big. ruben ramirez reports. >> reporter: procter and gamble admitted today that it has been slow to innovate new products and hasn't been fast enough to cut costs. the biggest culprit: slowing demand in western europe, the u.s., and china. for the current quarter, p&g expects sales to grow between 2% and 3%, that's lower than the 4% to 5% it had been expecting. and, for fiscal 2013 which starts next month, the company expects to grow sales 4% at most. the strong u.s. dollar and higher commodity costs have also cut into earnings. c.e.o. bob mcdonald said the company will concentrate on its core business to "achieve more balanced growth across geographies, product categories and the top and b

with weakening trends in western europe, u.s. and china this is one i want to press but i want to define the risk. the stock sold off. i put a quarter position on. i bought a put spread in july. the 97 half, 92 half put spread and paid 1.25 when the stock was 1.01. i bought one of the july half puts for 2.60. sold one of the 92.5 puts at 1.35. i profit between 96.25 and 92.50. i can make up to three times the money i paid. i have losses up to 125 between 96 and a quarter and 97.50 with my max loss above 97.50. make no mistake. i need a big move here. this is a stock specific one on a macro play. the markets go lower. >> there are a lot of people who don't want to have companies with a huge global exposure. nike has 36% of revenues from domestic usa. in q-2 the stock is about flat. compare that to underarmor. 94% of its revenues are domestic. it was up 12% in the second quarter. mike, do you still buy into this trend that you can still invest in this way or did the trade already happen here? >> i think you make a great point. we s

state department to travel western europe to go to army bases and see that the african-american soldiers were being treated fairly. he was doing this in paris when he saw front-page newspaper headline about the trenton six on trial again, pictures, everything. every country he traveled in had further stories about the trenton six. um, he was amazed that this story from trenton would be all over europe. the civil rights congress besides getting lawyers for the men's appeal also had an amazing political machine. they, um, literally made the trenton six case known worldwide, and in 1950 this was a very hard thing to do. raymond alexander did not like the publicity they created because they said that blacks were treated unfairly in the united states. so raymond alexander said to the jury in his summation, folks, this is one great opportunity that you have to set at rest the malicious propaganda which has spread not through new jersey, not through america, but the whole world that america does not treat its minorities right, fair and equal. after the trial results were made known, four men we

and weakened apparel trends in western europe. >> but charting the stock? as well go one-on-one with this guy. >> but 260? we ain't got multimillion dollar shoe contracts, buddy. just spend less. reduce the cost and sold the strike put for $1.35 and created his put spread. more importantly he made making money easier and here is how. between the 260, he spent -- dan cut his costs to just a buck 25. hold these. because there is a trade off. by selling that put, dan has now capped his gains to the difference between the strike of the put that he bought and the strike of the put that he sold. making dan a winner. now athletes across the globe are tuned into the show and they only have one question. what will dan do now? in case you tint know the show is hugely popular in the world of sports. if you shorted nike at the time of the trade, you would have made about 19%. but dan can sell it three times that amount. dan, you put a similar trade on for star bucks and you still think that nike will go lower? >> i think that nike traded ahead of the starbucks thing. >

coca-cola has a gigantic business in western europe where a weak euro is playing havoc on america's packaged companies. pepsi chose to expand into eastern europe with its acquisition of a 66% stake in wind bill dan. that's gone up higher. a leading juice and dairy company in russia. maybe it's better to be lucky than good. russian growth as well as the growth of eastern europe far exceeds western europe's slow tempo. russia is one of the most solvent growing countries in the world now. pepsi has moved into china. thanks to an alliance with ting-yi that made pepsi the number one beverage in china. and the land of mao is just getting started with addiction to snacks. only 10% of food in china is packaged. 35% of food in the u.s. that's a monster runway for pepsico's snack business. it's not just the headwind advantage now. coca-cola has outperformed so dramatically, the yield of 2.7% is lower than pepsico's at 3.15%. that will provide a boost to your returns if you hang on to pepsico stock. that differential combined with the acute outperformance of coca-cola stock and worries about the curren

and for the last 200 years, that zone, north america and in partnership with western europe, has been at the front of history. it has enjoyed ideological dominance, material dominance and it was able to send out its tentacles to most of the world by the end of the 19th century. 90% of the world was either a european colony or a former european colony. so there really was a period in which one relatively small zone of the world was able to extend its dominance and its ideological privacy to other parts of the world. what i would like to argue with that long run, that 200-year period of western hegemony is starting to and. it's not over yet. the west still represents 50% of lowball gdp. it used to be 75% so it has come down several notches but it will continue to come down. and what i would like to argue tonight and what i argue in the book is that this moment that we are entering, this new swing of the pendulum, is going to lead to a world where no one will be dominant. it won't be a new american century. it won't be a chinese century. it won't be in asian century. it will be no one's

they all right kevin you're up to date in the world of business the good news is it for western europe and southern europe but are you looking restaurant you're also as i was and spoke to a lot of us here in fifteen minutes from the head football fans across europe gearing up for the day's big euro twenty twelve encounter between germany and all of our sports team very much across it more than fifteen minutes for you to bring a bit of cheer the headlines coming up next here on out in four minutes time. if you follow up on my bil sil going to the. countries on a sort of a throwback and archaic part of our long. and it goes back to a time when people would write out of their forces in the wild west and pick up these fugitives and putting them into the sheriff for prosecution i don't think much company may almost feel guilty. when they go out there he's got weapons. and you have to hope that nothing bad can. move. forward facing killers and you gotta keep that in mind though there's a to me a dollar bill for his arrest. we're not superheroes we can be killed to you know if they shoot me i

they all right kevin you're up to date in the world of business the good news is it for western europe and southern europe but are you looking at the structural so that was a spoke to a lot of us here in fifteen minutes from the head football fans across europe gearing up for today's big euro twenty twelve encounter between germany and holland our sports team very much across it more than fifteen minutes for you to bring a bit of cheer the headlines coming up next here on our. four minutes time. if you're followed up on my bill snow going to the. car sort of a throwback and i can't codified long. and it goes back to a time when people would lie down in their forces in the wild west and pick up these future days and put him into the sheriff for prosecution the adult female fellows feel guilty. and when they go out there he's got weapons. and you have to hope that nothing bad can. get good. for chasing killers and you gotta keep that in mind how does the to me a dollar bill please the rest. not superheroes we can be killed to you know the head i'm going to die. and. once you hit and run

the hands-off approach that exists in parts of western europe is wrong. often, it is advocated by people do not have kids themselves. >> his mother is bewildered by the proposal to punish paren who hit their children. >> i am against outlawing spanking. it would give the state too much control over family life. i am also against raising little kids like princes and princesses, for whom no rules apply. that fails to prepare them for adult life. >> it is unlikely his unborn kid sister will escape the occasional beating during her childhood. in the czech republic, a good thrashing is all part of growing up. >>rafaarquare in lonn or st. mark's square in venice, if you have been there or seen pictures, you know they owe at least part of their charm to all of the doves flying about, petted and fed by tourists, but pigeons can, of course, also serve practical purposes. homing pigeons can carry messages over distances of more than 1,000 kilometers and find their way back home. the capital of pigeons is in turkey where the pigeon breeding tradition goes back withi

they want to go on to western europe. others go back to their home countries because they are discouraged by their experiences here. >> as a member of the european union, bulgaria is required to offer an ordered and humane asylum process. >> holding asylum seekers in prison is against the law. authorities justify it by saying there's not enough room in refugee camps, but that is not true. the truth is that the authorities are trying to teach her asylum seekers. >> that is against eu laws, which state that the first member country migrants to arrive in is responsible for them, so the police try to prevent them from crossing the border. >> i do not know where they come from. but they come all the time. i called three of them here yesterday. >> most migrants coming to bulgaria from turkey. the authorities say they are not responsible for the situation. >> i have no idea what happens to the refugees at the border, and i do not know where they are kept. that is the job of the border police. them the refugees who make it to the

and weakening apparel trends in western europe. >> but shorting the stock might as well go one on one with this guy. so to define his risk bought the july 97.5 stock put. he needs nike to fall below that price by more than 2.60 he spent at the ride or below $94.90 by july expiration. 2.60? we don't have multimillion dollar shoe contract. spend less. >> i sold one of the july puts. >> to reduce his cost he sold the july 92.5 put for $1.35 and created his put spread. more importantly he made making money easier and here's how. between the 2.60 he spent buying the one put and 1.35 collecting the other he got 1.25 and now instead of needing nike to fall below 94.90 he can see profits at 96.25. hold the applause. because there is a trade off. by selling that put dan now capped his gains to the difference between the strike of the put he bought and the strike of the put he sold and since the time. trade nike shares got nailed to the tune of 12% making dan a winner. now athletes across the globe are tuned into the show and they only have one question. what will dan do now. in case you didn't

loosely because of our successes in western europe and in france but it was far from the truth and fell. these for so with memorials commemorate fighters whose bodies have been recovered by search parties since the war searching for missing soldiers is a long and complicated process. first the head of a search group asks locals where exactly the fighting took place will get more with their also but it is on many of our fighters particularly the partisans died in this home but i'm just looking through the woods you can see the dead lying in groups of ten or twelve they never made it out of the forest. then a group of volunteers sets out on an expedition they combed the site meter after meter. weapons and other objects made of metal keep fairly well underground. this is a soviet helmet it was a direct hit. you can see where the shot entered and exited. the returns to base the objects are carefully examined the latest expedition has turned up. a flask. but the searchers regard so-called medallions as a most valuable find. these are small cases containing all important papers they carry the

and geary and doctors are proud of low neonatal death statistics comparable to those in western europeary and doctors. >> at the delivering a baby at the hospital is much safer for the baby and even for the mothers. maybe 90% of deliveriesif there, if there is a serious publication, then is much safer in a hospital. the important thing for us for obstetricians in hungary is the safety of the baby and the mother. >> neither this doctor nor any members of the board of obstetricians would be drawn on the case of their former colleague agnes gereb. she was once a part of this world, an obstetrician in a top university clinic, before quitting to set up as an independent midwife, attending mothers and delivering babies at home. >> i can best explain my switch from being a doctor to being a midwife with two words -- the quality and presence. to be really there for the woman and to really share in her joy. when a woman thinks me after a berth for my help, i always want to say, no, thank you for letting me be here with you. there's something very adamant and also so universal which a midwife sh

so reagan knew that he was speaking to all of eastern europe, all of western europe, and this was his moment, and this was

on the other hand there's also the issue the united states and western europe have essentially decided to back the rebels i think for reasons that have a lot more to do with real politique. morella to you specifically syria is lined with iran and iran is seen as a great. i don't know a threat to us there in tripoli is really in for us in the area and as an ally of iran syria seen negatively i think that's the main reason. people like a simplified conflict don't want to complex or neither side looks like good. or they don't want any complications and so this is being presented as is typically the case in these types of conflicts the good versus evil conflict with all the blame on one side even if the reality is more complicated. the ratings agency moody's has slashed spain's credit rating to near junk status in the latest blow to a struggling euro zone it comes after leaders agreed to provide spanish banks with a bailout as the country is unable to rescue the banking sector on its own author of the book the tragedy of the euro professor philip bagus believes the key to solving spain's f

and western europe. standard and poor's auto analyst robert schulz thinks the market has tremendous potential despite fears about a global economic downturn. >> vehicle sales tend to be tied to g.d.p., so if the economy was to soften, it would hurt sales, but we think it's still an emerging market, but a place they're not putting so much money into that the investment would put the company at risk if it came to that. >> reporter: g.m. opened the st. petersburg plant four years ago. it hopes within the next few years this plant and another in russia will more than triple production in the country from 98,000 today to about 350,000. diane eastabrook, "n.b.r.," chicago. >> tom: while g.m. is expanding in russia, it's recalling more than 400,000 of its chevrolet cruze sedans. the recall affects chevy cruzes built in the u.s. between 2010 and 2012. owners will be notified next month about a 30-minute fix, keeping flammable liquids from being trapped in the engine. but this isn't the only vehicle in the spotli

want to record it with records on the other hand there's also the issue the united states and western europe essentially decided the rebels i think for reasons that have a lot more to do with real politique. more oil that he specifically syria is lined with iran and iran is seen as really. i don't know for a two hour story in tripoli is really in for us in the area as an ally of iran syria seen negatively so i think that's the main reason. and people like a simplified conflict they don't want to complicate we're on either side looks like good. or they don't want to be complications and so this is being presented as is typically the case in these types of conflicts of the good versus evil conflict with all the blame on one side even if the reality is more complicated. but moody's rating agency has cut the spanish rating to just about junk making it more expensive for madrid to borrow this comes as markets fell to rebound after the weekend's multi-billion euro cash injection to stabilize the country's banks confidence in the country's financial sector is so weak it could even trigger problems