Standard system. Its just absolutely critical as they trade in broader Economic Strategy in asia. We will go to julian and howard. Thanks, julie pace with me. I want to follow up on something or he said about g being less accommodating. Can you give us any ideas why any ideas why that is an administration thinking on this given they invested a lot of time and emphasis on having obama and biden in particular build a personal relationship with him . One of the fundamental conceptual flaws of the pivot has been a failure to assess the nature of chinas behavior in asia. I think there have been different views within the administration. Until recently there was a strong view that much of chinas assertive behavior in the East China Sea and South China Sea were driven by domestic pressures and nationalism by japan and vietnam provoking china. There has been another view by the pentagon which is that this is in fact part of a chinese strategy if you will to steadily assert more and more contro
Reuters poll. Just seeing a little bit of a march higher. The reason why its important is because it tells us a little bit about the ecbs Bond Buying Program and whether or not that Bond Buying Program and the money in it feeds through to the real economy and the real lending. Thats the big concern. We know it impacted the financial economy when you look at the record low yields. The question is when does it feed through to the real economy. When do we see a boost in lending to small and mid sized businesses that need that capital in order to grow. Im glancing to see whether or not they say anything else but not right now. 0. 1 versus a completely flat one. Its pretty much as anticipated right . Interesting to see the euro dollar trade at session highs. Looks like there could be other factors at play heading into that too. Also we have a lot of earnings out and we have the twoday fed meeting too. Thats the big driver where we should be hearing more later on today about what they have t
November. I was just in south america about a month ago to lay out the roadmap and how we are dealing with this. I just sent this morning one of our Deputy Assistant secretaries to iceland for a conference the next two days. This is critically important that we Pay Attention to this. Bottom line is, with all the crises of the moment, and thats part of my job, to manage immediate crisis, we also cannot lose sight of the strategic longerterm challenges that face our country either. And this is one that we got to be smart in how we handle it. Spent behind the political figures who would resist and argue about Climate Change respond differently when its coming from the pentagon . I think there is sometimes more of an awareness and edge put an issue it comes from the pentagon. Only because the military, the pentagon has maybe at least perceived by many people in more serious look at the world. And doesnt mean the state department that series or anybody else, but when you talk about the mili
This hour. What about Mortgage Rates in where do they go from here . Theyve been rising on the fears about the fell pulling back, so where next . My partner, sue, is at the nyse. Hi, sue. Reporter and the markets euphoria not to scale back on qe is farding a bit. The Dow Jones Industrial average off about 31 points. The nasdaq has remained positive, up about 5. 25 point p the s p off 2 points. The threat of a Government Shutdown becoming a possibility less than two weeks from that deadline. Fed chairman pbernanke talked about it during his News Conference yesterday. A Government Shutdown and perhaps even more so a failure to raise the debt limit could have very serious consequences for the Financial Markets and for the economy. And the Federal Reserves policy is to do whatever we can to keep the economy on course. Reporter and House Speaker boehner making some comments today as well. Our chief washington correspondent, john harwood, is here with the very latest on what is turning into
Bowe s boxilai. Andrew. Thank you, becky. We have a little bit of Corporate News this morning. Citigroup has suffered a significant decline in trading revenue. It threatens to decline the earnings. Theres a market wide earnings. Shares of blackberry today, the Company Warning on friday that it expects to report a huge quarterly operating loss. It plans to cut more than 1 3 of its global work force. Thats big, big news in blackberry land. Microsoft expected to announce a new surface tablet computer today, including a version with a smaller screen to compete with googles nexus 7. An event is scheduled in new york. Microsoft began selling surface tablets last year but sales have been slow. The changes to the dow are official. Visa, Goldman Sachs and nike are jumping into the blue chip index. Alcoa and hewlettpackard and bank of america, goodbye, youre exiting. Goodbye. If you went to sleep early last night, there are a few highlights from the emmys that you missed. Hbo dominated with the