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Jon: china flexes its military muscle, showing off the first closeups of its next generation attack jet. it s the j15 flying shark, designed for the first chinese aircraft carrier which they are still building. what does all of this say about china s military might and potential? let s bring in retired u.s. navy captain and fox news military analyst chuck nash. first of all chuck what s the purpose of putting out pictures like these? i think what they re doing is rather than trying to play a game and hide it, they re coming out, laying their cards on the label and on the tail and saying it s a new china, a new century and china is getting ready to defend what it sees as its waters and move out. aircraft carriers, jon, are ....
Bought a single su-33 from the ukrainians, then reverse engineered it, they stripped it apart, got the plans and rebuilt it and now they have a knockoff version that is a carrier suitable airplane for that ship. jon: if you were running things at the pentagon or at the navy, what would your response be, is there anything we could or should do about this. i think we are doing what which is prudent, and that is, we re staging more of our forces on the west coast of the united states and we re starting to pay more attention to china. the apologists now have to take a back seat to what chinese ambitions are, because when you start looking at the weapons that they have developed over the last ten years, it s very clear that their shift is not strictly toward modernization but to gaining an offensive capability whereas before china was more concerned with policing its own internal issues and ....
So, again, we re continuing to monitor this. but here s what s interesting, it s that line that is weakening. we ve got another storm system that is developing today, and it doesn t look like much right now, but there s low pressure over the panhandle of texas, and warm, dry air ahead of it. what s going to happen is we re setting the stage again for the potential for violent storms and tornadoes into this evening and overnight. there s about a 30% chance of a tornado within 25 miles of a point in this area shaded here in pink. so that s northeastern texas and back into arkansas that was very heavily hit overnight last night and even into the extreme portion there in the northwestern part of louisiana. again, it s not just the storms, it s also the rain. we ve got flood watches and warnings all across the mid mississippi valley and into the tennessee valley. and here we still have that in poplar bluff, that flash flood warning in the effect due to the levees there, and again, more rain ....
Policymakers in washington and on capitol hill during the financial crisis the fed launched a lot of federal programs and polices that pumped trillions of dollars into the financial system and helped to save a lot of the banks, but also, a lot of people out there were confused by these polices, didn t understand them and in fact outright opposed them, and then we have some members of congress and members of the tea party who actually went to reign in the fed and perhaps even abolish it, so this press conference is an effort by the fed chairman to try to explain the fed more, to educate the public and congress more about what it s trying to do. and one of the questions he s likely to get is the impact of fed policy, all this easy money and low interest rates, on oil prices, the fed has been printing money to try to help keep oil prices low, it s flooded the world with dollars, oil trades in dollars and when the dollar falls the price of oil goes up, so we expect him to be asked about th ....