london as police struggle to take back control of their streets. now americans are being urged to use caution when traveling around the city. good morning again. i m carol costello. three members of the congressional super committee have been chosen. nine more to go. there are 12. they will have 90 days to come up with $1.5 trillion in spending cuts. the selections and reaction to them on this american morning. all right. good morning, it is wednesday august 10th. ali is off today after working i think 15 or 16 straight days covering the markets and all that. more on the markets and the economy in just a moment. you seem a little short today. i know. i have a high chair. i think so. i like that. you re taller than i am, carol. good morning. i m carol costello. actually we have to talk about this first, london is burning a fourth night of looting and violence in the streets, parts of london resemble a war zone with burned out buildings and destruction. 16,000
great idea. right. you did that for a while and then you what you did? you started coming up with these gimmicks and these bundles and these derivatives and the securitized this i don t know what what i want youed to do was to take my dollar and find the next innovation and help build america. that s what a lot of people think and i ll tell you, one of the criticisms of that is that if i have to design innovative systems that you understand and the sec understands and the government understands, i m going to miss my window of opportunity, so why don t i go to business in a place that doesn t govern me and ask those questions and i can be innovative there. that s not the right answer, but the truth is somewhere in the middle. create enough regulation that is fair, honest and we can foresee a major problem that almost crushes the economy and at the same time leave enough room for someone to come up with something because we need money. weir anything to get some transparency i
took office, but no entitlement programs. none! then the wpa and everything else. they launched this and we launched this. history is repeating. just going over and over and over again. we re repeating the same experiences and the mistakes that allowed the depression to turn into the great depression. approximate for rest of the world for the rest of the world, it was just a depression. these things made it the great depression. the economic misery coming our way is only half the danger. that s where i want to go tonight. most people will dread the economic depressions, but some don t dread them. some people are a little more opportunistic. they view this as their big chance. window of opportunity. they don t see this as we re struggling but as now is the
last meeting here and he will brief the press before he takes off for moscow. but the con sensus that seems t be emerging is that it s not only the g7 foreign ministers, but also brought in the foreign ministers this morning from saudi arabia, cuter, jordan, turkey, united emirates. so more players at the table. butt the consensus is that ther is a window in which the supporters and allies of the united states believe president putin needs to be allowed to back away from police support of president assad in syria, that this window is not clear how long this window should be, but that is the message secretary tillerson is expected to take to moscow. putin back away from support of assad, being help build a cease-fire inside syria, and then support the u.n. political process, the peace talks in
back? we have a very close and continuing conversation with the united states, with american leaders over the iranian issue. i think they understand that our prier spective, america is a very big country with a big window of opportunity. it looks out that window and sees iran very far awasm we are a tiny country with a small window. we see iran in our back yard. we have a different perspective. but we are remaining very close in touch and continuing that close contact. shannon: do you feel that israel has an obligation, not to ask permission, the prime minister was very clear that israel maintains the right at any time to defend its own nation and soff rit, to protect itself. but is there any obligation on israel s part to give a heads-up to the u.s., prior to any type of attack on iran? we are very close allies, dough we do maintain a very constant and close communication with one another.