This is real money you are the most important part of the show. Join the live conversation okay. I hope you got a good nights sleep last night and a second wind today. Tonight ill tax your brain and mine. Here is the challenge. I want you to understand what happens to the current size and economies of far away places like turkey, south africa and india and why they took a bite out of your investments today. This is how markets and countries are connected. Those connections are taking a toll on u. S. Stocks, falling again today, before the Federal Reserve said it would taper or pulling bag on the bondbuying Program Helping to keep the u. S. Economy afloat. The dow lost 190 points and the nasdaq and s p fell 1. 3 points. The fed said nothing about the turmoil. It started last week when a report indicating that manufacturing in china might be slowing down spooked investors. They worried about all economies. Here is the connection. When the bed pulls back on stimulus, it causes Interest Rates to go up. Higher rates in the u. S. Means Global Investors dont have to chase higher returns. They pull money out of the markets and move them to less risky things. As the global shift of money happens, currencies start to fall. The only way those countries can prop up their currencies is to raise their own Interest Rates. South africa, turkey, india and other troubled economies like argentina have their own political and economic challenges. The problems is a corruption investigation. Mining strikes in south africa. Central bankers in all three countries raised Interest Rates to boost their currency. It has not really worked. We report within the delicate balance that countries have to strike as they try to keep currencies stable. When a Central Bank Raises Interest Rates if stabilizes their inflation. On the other hand lowering Interest Rates devalues a currency, making it less attractive to investors, but easier for businesses and consumers to borrow money and spur Economic Growth. Thats the theory. In practice some forces are beyond the control of central bankers. Especially those vulnerable. Political unrest or disappointing Economic News at home or in key trading partners can trigger a flight of capital. So can external market forces. What happened is not a big shift, but the sea change as anticipated by the market is huge. For six years the feds low Interest Rate policies mushed investors into emerging markets such as turkey, brazil, argentina and south africa. Many have profited hand somely from fastgrowing industries. Beating chinas demonstrate for raw materials. A slowdown in chinas manufacturing spooked investors, and in recent weeks they cashed in the chips for dollars, leaving a clut. While that makes exports more attractive, it raises the spectre of run away inflyings. Inflyings goes up, meaning Central Banks in the countries, raising inflation raise Interest Rates, and it can hurt growth. Many merging markets hiked Interest Rates to entice Foreign Investors to stay. The prospects of learning good returns in the United States at lower risk is a more powerful proposition. Obviously this is not the first time that world currencies are under pressure, think about to 1997 when a thailand crisis spread across the globe. It weighed on Financial Markets everywhere, sending u. S. Stocks into a free fall. Can it happen again. Lets ask jim, with 45 years of investing experience, he said global markets. Some things have taken a turn. His firm that is 300 million of assets under management. You were managing money in 1997 when that happened. People are worried. Are we going that that direction. We had tremendous growth in the economy and the world economies and in asset prices in the stocks market after that. The big message is you dont panic. Its a big powerful country with a bright longterm future. Having said that, there could be short of term pain. They went up 2530 . The fed has put a lot of money into the any and is going the other way. The turks and the indians and the sav caps are raising rates. Theres likely to be more pain, economic contransactions, an dent in the Financial Market because so much money was chased into riskfixed income assets. People got money that shouldnt have money. You may get a default or two in a company or country. Keep your eye on the big picture, you could have a 1015 drop. This is an important viewers, they look at the 401 ks and saw them rise 41. 5 . How much of this is the fact that the prices are high and some investors are looking for an excuse to pull back. Right, thats the case. There was every reason to think that the stock market wouldnt have gone up, and it did. If you came into 14, there was every reason to think it would continue. Look for the snake in the grass. Looks like we found it. You dont typically go up 30 and expect a big year. Some tried to make the case. If you made 2530 , you made more than you were entitled to. If you give back a little, dont throw out the baby with the bath water. We are a month in, and down 3 . What should we think about right now. There are times to buy, times to sell and times to do nothing. Right now i say do nothing. Its too early to buy. You are up a lot. The news is likely to get 30 . Dont panic if you go down three or four. Dont sell because the United States is big and powerful. Well have a wonderful longterm future. Nos as high as you used to have. Dont buy, the news is likely to get worse before it gets better. It could be more of a decline. Sit there, do nothing. If there were stocks that you wanted to buy and were afraid to buy them, i would say have your buy pad out, but dont pick up the telephone. Know what to do but dont do it. Know the password to your 401k. Be ready to act, but not yet. Always a pleasure to see you. All right, you dont have to drive a tractor to have a stake in the new farm bill that went before congress. How families in the city are effected. Later, how the internet as we knew it changed. You may never surf the web. That store and more in real money, as we continue. Keep it here. You heard president obama talk about it in the state of Union Address in you were watching it, the president talked about a savings plan. He signed an executive order creating the mra retirement program. Those of you that dont have a 41 k on the job, a pension, a mechanism to start saving, especially young workers, you can get started now. Here are the basics of the my ra plan. Youll sign up at work and save through payroll deductions. You can contribute as little as 5 and save up to 15,000 over a maximum of 30 years, when you hit one, 30 years or 15,000 you have to roll it into a rough ira, and thats not bad, because you can invest in a universe of things. You can withdraw contributions, but if you withdraw the interest before retirement youll get hit with taxes. Your money is invested in a treasury security. You wont lose money, but your return in 2012 would have been a 1. 7 , which is less than inflation. While this is a good tool to help you save, its not an answer to get you through retirement. I ask you what is the best way to get americans to say. Amy tweets simon says simon is making sense. Tell me what you think, tweet me at vote on the new farm bill easily passed in the house of representatives, and moves to the senate where it is expected to pass next week. The 956 billion bill will extend farm subsidies, eliminating the direct payment system, which is paid farmers, regardless how much they profited. It will cut 8 billion over 10 years from the supplement at nutrition program, which provides food stamps for low income families funding was a sticking point. Republicans seeking 40 billion in cuts to food bills. Mary snow has a look at how the modest funding cuts could affect food banks that assist lower income americans. Brooklyns bedford may seem an unlike i place for the farm bill to be a priority, but it is of concern for melanie sammuals whose foot pantry feeds 20,000 people a month. In my heart im looking at what else can i do. Sammuals is worried about the plan to cut 8 billion over 10 years in footstamps. The supplemental nutrition program. This will drive more people to pantries and soup kitchens that are already on a shoe stripping budget. We cant stake care of the families coming. Organizations feeding the poor felt a strain when the program was cut by 5 billion and more returned to the food bank and pantries. The latest round of cuts would affect more than a dozen states. Winson is worried. Her husbands salary doesnt stretch far enough. They depend on food stamps and lean on the food barn. People have a lot of children. They are working, trying to make ends meet. The debate over food stamps is over government spending. The latest cuts are smaller than proposed. It doesnt ease the worry for a permanentry stepping up cash purchases for food. We are not here to be the front line. We are here to say food stamps are faltering at the end of the month, people that need a bit of help. If the government is going to go out of business, we cant make up for that. If you are among the 50 of americans that use natural gas to heat your home you wont like this hot streak. Natural gas prices soared 10. 4 , reaching the highest levels its been at sips january 2010. The price of the Energy Commodity rose 1. 2 . All right. Domain names it they are the real estate of the internet a lot of trendy neighbourhoods hit the market. Historic change hit the web. It could be a real opportunity. Ill tell you about it on the other side. Len novo is getting an opportunity to disrupt the market. Google will sell the smartphone maker for 2. 9 billion. Its a rare sign of defeat for google stepping out of the hand set since taking over motorola nobility. Len ovo buying back to the top is working. It bought the ibm personal computers and is the largest shipper of pcs in the world. More are logging on to facebook, boosting the Companies Bottom line, total sales rose 6. 3 . Active rulers rose. Its a game of 16 . The company that markets saw strong growth. Facebook stock rose 10 . Continued problems for yahoo, reporting respectable sales. It failed to improve Online Advertising sales, the core of its business. Yahoo was an advertising leader, falling behind rivals. They are questioning Melissa Myers ability to turn around the company. Yahoo lost 8. 7 of market value. Its day one of a real estate boom. We are talking toplevel web domains, part of the web address after the dot, like. Com and. Org. A plus will hit the market like dot bike and dot singles. Think of them like neighbourhoods. David shuster shows us how the toplevel domains could change the web as we know it. They are calling it the biggest land grab in internet history, tens of thousands of web addresses up for sale. The internet is no longer relegated to dot come and dot net now that there are tld, or top level domains, anything to the right of the dot. There are domains that speak to who you are and what you are about. Theres an idea of providing a distinct identities. Assigning meaning to what comes after the dot. Say dot gay, dot kosher enabling the communities to come together and have a distinct presence in the virtual land accept of the internet. Secure the name for you today. So dot come can be and 1,000 more. Theyll be released over the flowers of the year. 1900 individuals and Companies Applied for their own tlds, paying 135,000 for each application. Big named brands are dropping on board. Ibm, google, amazon, role ex and so on and so forth. These Companies Want to establish their own identity, complete with company name and brand name to the right of the dot, which they believe ads value to their business. Google bought 100 tlds, including dot home, dot music and dot youtube. An International Organization that organises and enforces says we began talking about expanding options years ago. The expansion allows for additional choice, additional opportunities. Its as though a road system has gone from bike two lane to a multi lane highway system. It will enable communities to come in and get together around a particular purpose that has meaning and reference to how its identified. They are a sign dot come, dot net and dot tv has had a monopoly. Con assumers say consumers will not want to buy a website outside the dot come comb an. A company is banking on top domains, donut. Co. It bought 300, investors pumped 500 million no the company. They plan to put out a batch of toplevel domains, starting with these today joining me from seattle is richard tinnedel. The ceo doe nuts. Co tell me about the process . Can i buy one of these top level domains and acatch my name to it. You can. Those seven are available from us. In the coming weeks and month, every week therell we more extensions. You buy them and use them like you buy and use a domain name. Theyll have a difference, theyll reflect what you do. Is there a market demand for these different endless toplevel domains . This is a phenomena that will not be an explosion of what people have. These are products that as people get on to the web in coming months and years, theyll look for a memorable scriptive name. One of our names or one of the others fits the bill. How do you deal with it. Some critics say it could be easier to perpetrate fraud, because you could take bestbuy. Com. How do you prevent others using a brand name that is not theirs. We dont find that argument persuasive. It happens at the moment. We believe it will be less of that activity. Theres a raft of protection. A raft that has been built in to the domains, and theres such specificity that the desire to infringe at nirk soft. Pizza will not be there. We are of the belief that these will be safer places. In the preamble brands like google are getting their top level. If you want authoritative information about google. Go to a dot google address. I ali velshi. Com, but not ali velshi. Pizza et cetera. Is there something i should do. If you want to protect that, there are ways to do that. Well find that the trademark concerns are limited. Therell be attention in the number of Small Businesses finding a new and better way to communicate on the internet. If im a Major Corporation and want a toplevel domain, how does one create it. You have to apply. Sure, if you are role ex, you have to apply to the entity, and go through the process. The first phase happened. Its been 1900 applications for 1,000 unique strings. There are about 500 brands that applied. If you didnt ply in this round, youll have to wait a couple of years. Will individuals ply. Theres no restrictions on who can apply. The phase is done. The names that were plied. How does that come about. Thank you for doing this. All right. Final thought tonight. Back to the beginning of the show, turkey, india, south africa, they sound o world away. Its amazing how the turmoil ployed out in their markets is played out in ours. We speak about Interest Rates and currencies. Lets talk about people. Each of the emerging nations has a middle class. As Central Banks raise Interest Rates the middle class suffers, Economic Growth could slow, jobs disappear, weaker demand or American Products and services. Thats a problem for american workers, our own middle class. Middle class problems are the same over the world. Its an election year. Youll learn a lot about the middle class. Much of it noise. When you want a clearer less cluttered about it, youll hear is here. Rebuilding the dream, american middle class next week. Ill be joined by hope you join us monday at 7 00 pm eastern, here on al jazeera america. Thats our show for today. Im ali velshi. Thanks for joining us. Good morning, welcome tom al jazeera america. Im thomas drayton, here are the top stories we are following. The south reeling from a snow and ice storm that hit tuesday. Children forced to spend the night in schools. Highways turned into parking lots, stranding thousands of motorists in the middle of the storm. The National Guard and georges state patrol were called in to assist. President obama has taken his state of Union Message on the road, giving speeches in maryland and pennsylvania on wednesday. He spoke about income equality and introduced a new retirement plan. In geneva, a small step forward in syrian peace talks. Both sides saying yes to a peace agreement. The main u. N. Mediator says theres little chance of a break through before both sides head home. Peter grestes appeal against his detention in egypt has been denied by a court in cairo. Peter greste and two producers have been held without charge for a full month now. Economic jitters drove down the dow 190 points. The same day the Federal Reserve said it would continue to roll back stim louse efforts. Those are the headlines. America tonight is coming up next. Remember, you can get the latest news online at aljazeera. Com. Another news update coming up at 6am eastern. A mile. You have been in the traffic jam since 1 30 yesterday. How humans managed to make it a disaster. Tonight from International Fugitive to nobel prize nominee. Can Edward Snowden ever come home . Is it time for the u. S. To make a deal . We heard the number 1. 7 million documents