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middle east with senator john mccain. le also our special series on the future of finance continues this morning. today s headliner is former who are began stanley chairman and ceo phil parcel. and r. a phil is cautioning that the comments aren t black and white. he ll explain what he thinks about the controversial topic of breaking up the big banks. of course the fed may be the biggest news of the day. many expecting the central bank to launch that third round of quantitative he quantitative easing. the decision announced at 12:30. and then better bernanke will hold a news conference at 2:15 and we ll have complete coverage. another central bank already making an announcement, south korea holding interest rates steady. the market had been expecting a cut. u.s. treasury says economic sanctions against iran have slashed crude revenue. washington vowing to keep up the pressure to present the iranian government getting nuclear weapons. in corporate news this morning, we have
markets where demographics are not very helpful. i think investing in innovation also in our industry, it s what boosts market shares and also value shares. after a 1-year wait, russia enters the world trade organization. in an interview with cnbc, the director tells us it will be no big boost for the economy. welcome to today s program. guess where i was yesterday? dallas? did you go to texas? no. i didn t go to texas. dallas the new series is launching in the uk. larry hagman, patrick duffy, sue ellen, bobby and j.r. were all there. you went and i didn t get a hat. this is your hot. i like the way you wear that. it s very annie get your gun. hair and makeup coming up on today s program the last time i ll be with you until september. we continue our focus on europe s aaa-rated economy and ask if austria will continue to weather the economic storm through the demand. we re joined from new york and we ll get views on tell us the state of the global econom