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finally, if you thought american debt was worthless, think again. i ll explain. but first, here s my take. the american economy seems to have picked up. the dow jones industrial average is hovering around 13,000, the highest since the financial crisis began in may 2008. the nasdaq is actually at its highest level since the technology bubble burst more than a decade ago. now, stock prices around everything, but data from the economy on the ground is also slowly getting better. jobless claims are down. housing starts are up. things do seem to be getting better, slowly, as i said, but surely. this is all good news for president obama because there is a very strong correlation between economic growth and a president s prospects for re-election. the unemployment numbers are still pretty high, but they are also falling. also, many models suggest that unemployment is not the crucial statistic to determine whether a president will win re-election. most people, after all, are ....
nick. reporter: absolutely. the statement accepts it was highly likely they refer to what was air support strikes. they said there was an operation going on my afghan and nato forces on the afghan side of the border hunting down insurgents. they called in air support and that s when this incident occurred. they won t say whether it happened inside pakistan or talk about numbers. but clearly an effort by nato to try to begin the reconciliation process as the pakistanis come up with angry rhetoric towards washington. so, nick, is pakistan decides it will cut off some of the cooperation it has extended to the u.s./nato, where does afghanistan play in this? how will it choose sides? reporter: well, the afghans have their bed made really here. however much they talk about a future or they want a good relationship with pakistan there s way in excess of 100,000 nato troops. huge amounts of money being poured into by the coalition into afghanistan. also bear in mind what ....
Orderly and genuine transition to democracy in egypt. hala gorani is here with me, as well. hala, nile tv, the state tv in egypt, it s fascinating. they were broadcasting live what the president of the united states was saying just then about egypt. it indicates to me and as a longtime observer of what s going on in egypt one state television, the state media begins to report stuff that normally they wouldn t want to report especially live, it s a sign of the end of the regime over there for all practical purposes. we saw that cracking yesterday with the workers at the suez canal, with other union workers. we saw it with the state tv and all of a sudden now it certainly looks like it s over for hosni mubarak. well, when state television decides to air live a speech by president barack obama saying that we re watching history unfold and that the people of egypt have asked for change and ....