it is going to do to save their currency, the euro. they sent two top guys to oversee the who oversee the censy to meet with president obama, hillary clinton, tim geithner, ben bernanke, just yesterday and the day before and we ve done a temporary measure to help them through our fed, and it only buys us two weeks. let s first talk about the temporary measure. is that taxpayer dollars, are we giving it to europe, and are we likely to see it back? it s a loan. it s what they call a swap. and they give us a euro, we give them a dollar, or the equivalent of like 1.50, for each euro. so you know, they needed a trillion dollars, and they would give us a trillion a little less than a trillion euros. it s called a swap, but essentially this is one of the things you ve got to be careful of, because the fed will tell you this is not inflationary but they have to come up with these dollars from somewhere. i do believe it will be inflationary. this goes out to i think february 2
this searchel. europe is hemorrhageing money. it s trying figure out what it is going to do to save their currency, the euro. they sent two top guys to oversee the who oversee the censy to meet with president obama, hillary clinton, tim geithner, ben bernanke, just yesterday and the day before and we ve done a temporary measure to help them through our fed, and it only buys us two weeks. let s first talk about the temporary measure. is that taxpayer dollars, are we giving it to europe, and are we likely to see it back? it s a loan. it s what they call a swap. and they give us a euro, we give them a dollar, or the equivalent of like 1.50, for each euro. so you know, they needed a trillion dollars, and they would give us a trillion a little less than a trillion euros. it s called a swap, but essentially this is one of the things you ve got to be careful of, because the fed will tell you this is not inflationary but they have to come up with these dollars from somewhere.
67 and san jose. the weekend should start off the same way. then we ll see changes come sunday. a look at that coming up in a few minutes. a unt apple centers on the problems with the antenna, on the iphone 4. nbc bay area is leading our coverage this morning. he is live from cupertino. scott, do you think consumers are going to get anything from apple when they make this announcement? reporter: it s going to be interesting to watch, isn t it, brent? are they going to get an apology in let s start with that. i think they will get an apple style apology. will there be a recall? that s one of the big questions as well. what we re hearing here is, no, no recall. apple doesn t that that sort of thing in place. the recalls, you have to be able to take that individual thing and fix it again. ic we will see a make good, which we ve seen from apple before in the form of an itunes card where you can buy the rubber bumper. no matter what happens, there this is historic. this is a