BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on Sunday that the ability to have difficult conversations has put the two economic superpowers on "a more stable footing" over the past year. As they began a meeting in Beijing, Li responded that the two countries needed to respect each other and should be partners, not adversaries, adding that "constructive progress" had been made during Yellen's trip. Yellen said Washington and Beijing had a "duty" to responsibly manage the complex relationship, as she brought her case for reining in China's excess factory capacity to the Chinese leadership.
welcome back. top of the hour, i m brooke baldwin. a couple stories that we have percolating, revival of fear in europe as stock markets are stumbling today. both sides rested in the conrad murray trial. and time to play reporter roulette. alison kosik, i want to begin with you live at the new york stock exchange. we have 60 minutes away from the opening bell. we have to talk about greece. the prime minister of greece pulling a fast one and we see that reflected in the numbers of wall street. president. excuse me. the prime minister. yes. this came out of left field. investors were wondering what happened here. it seemed like it was a done deal and now not everybody is so sure. he wants a public vote on this. volt t voters, this is the reality. it has unpopular austerity measures, pension cuts, higher taxes, raising the retirement age. analysts say that greece does not have an alternative at this point. if greece does not pass these cuts, it play have to default and may