the united states and strong commitment to the you states and europe feels strained. here's heather connolly. >> the call from europe that you're hearing is come on, america, we need you, we need you now more than ever. we need allies and this is a value based partnership. >> reporter: one that feels strained now and part of what's going to happen here, a press conference later on today a private dinner at the white house, maybe a little patchwork. >> shepard: i wonder if it isn't about the financial crisis and the way we handled it and haven't stopped what made it happen. >> maybe so. >> i think they'll talk about that. >> without a doubt. and there's a problem there for the administration. what the europeans want is a more stricter regulatory regime around hedge funds and derivative and high-flying financial instruments that many