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influence in the region. president obama arrived this morning in israel his first visit here as president. thank you so much, good to see you. it s wonderful to be here. how are you, my friend? good to see you. reporter: greeted with pomp and circumstance. topping the agenda with prime minister netanyahu the conflict in syria and iran s pursuit of nuclear weapons, but little progress is expected open the dormant israeli/palestinian peace plan. it s not how he thought things would be going in the region at this point. at the start of his presidency, he declared with great fanfare he would begin pushing for peace immediately unlike his predecessors. we re not going to wait until the end of my administration to deal with palestinian and israeli peace. we re going to start now. peace is hard work. reporter: his pressure led to a low point in the relationship. we believe the borders of israel and palestine should be based on the 1967 lines. it cannot go back to the
that is the biggest one day drop since february of last year. it comes as the senate cleared the way for final passage of the financial reform bill. that s designed to prevent another meltdown. markets overseas are taking a beating. doug luzader is live with more on this. good morning, guys. they have a little bit of work left to do. by and large the white house got what it wanted, even if wall street didn t. it s been a tough night on the overseas market. they may have been taking cues from wall street which had the biggest single day drop in a year. all of this as the senate, almost entirely democrat voted to pass new regulations. politically it s a win for the white house. the american people will never again be asked to foot the bill for wall street s mistakes. reporter: congress plans to create a new consumer protection agency to handle things like credit cards. banks will have to keep more money on hand. some of the complicated bets that some traders make, deriv
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