and china. he wants their help on climate change because they need to reduce their emissions and he wants help from them on north korea and iran. he hasn't gotten a whole lot on the latter. there are a lot of things on the table that the from president is worried about, but did the dalai lama get lost in the shuffle here? >> they made a very concerted effort to let the dalai lama know he would not be visiting with him. as much as the white house is acting like this is a last-minute surprise, they they are squirmy about the fact that they let him know this meeting will be delayed and you will not be having the traditional white house meeting you have become accustomed to. i agree with charles that it is clearly an effort to influence the chinese, hoping that as you look toward some kind of concessions an cooperation on climate change the exchange on treasury bonds and help isolating iran that this is going to bear fruit. we have seen all year long not only nancy pelosi, long a champion of human r

only socialism can save china, says the president, and only reform can ensure the development of china. another communist tradition -- parading the leadership portraits. there is the last president, who established capitalism in the party oppose the constitution. he then handed over to hu jintao, who seems more conservative. in a way, we are right back where we used to be in the old days with china watchers examining every tiny little detail to see if they can get some clue as to what is really happening behind the scenes in the chinese leadership. while interpretation of what we have seen today is that at a time of high unemployment and anger against corruption, the government wants to get back to basics. the basics being the old communist way. tonight, it turned into a stunningly staged party, though no ordinary people were invited. the chinese are hugely proud of their country. they will soon be the world's number 2 economy. they still have not sorted out their true direction. >> moment of truth is almost upon those cities competing to host the 2016 olympic games. friday is decision

up above, the air force, including china's newest fighter, the j-10. but the show of force has not been seen just along the parade. it has been seen everywhere. on the streets, a country at once showing confidence and concern if anything should go wrong. but most chinese didn't seem to mind the extra security measures. they're very proud of their country. >> we have transformed in 60 years. we're stronger and stronger. as chinese, we hope only to have a stronger future and have a r?c place in the world. >> witmuch of the focus on the military hardware, it's easy to forget the parade also involved civilian performers and floats. floats representing each province and major events such as the olympics, achievements such as china's space mission and of conomic reforms that have transformed this country. that reminds the world and its own citizens why the country has so much reason to celebrate. melissa chan, al jazeera, beijing. >>> finally tonight, our signature story and another look at an issue that resonates in many countries. pop culture politics. ton

jp morgan's go-to person on china. tells us the best way to play choo china's red-hot economy. >> get ready for the "fast money" halftime report. you're watching "power lunch." we're first on cnbc and cnbc is first in business world wooild. national car rental? that's my choice. because with national, i roll past the counter... and choose any car in the aisle. choosing your own car? now, that's a good call. go national. go like a pro. last month, this woman wasn't even able to get around inside of her own home. they chose mobility. and they chose the scooter store! if you or a loved one live with limited mobility call the scooter store! no other company will work harder to make you mobile or do more to guarantee your complete satisfaction. if we pre-qualify you for a new power chair or scooter and your claim isn't approved, the scooter store will give you your power chair or scooter free. that's our guarantee. they were so helpful and nice. they filed all the paperwork, and medicare and my insurance covered the cost. w

>> because it is mao. >> what would mao thought of today's china? >> it is hard to say, extremely hard. on one hand he wanted to see china emerge as a superpower that. was one of his dreams. on the other hand, he wanted to close the gaps between itch and poor and those gaps are widening. >> mao was said to be fascinated by contradiction. he once wrote that the world is contradiction and contradiction is the world. what could be more contradictory than a communist country led by a communist government and mao as its symbol of unity? >> coming up, the mainstream media takes on president obama over transparency, plus more from the supreme court. william howard taft, the only president to become a chief justice of the supreme court was the driving force behind moving the supreme court from the bottom of the capitol where it started to its own building. taft pushed congress to act and lawmakers appropriated $10 million to build a supreme court. the building was built with over 75 million pounds of mar dell and fully furnished and still came in $100,000 u

to china but china had a choice, what image it wanted to show the world with the celebration and over the last 30 years it put pragmatism over ideology and emphasized the economic and you -- >> explain that, pragmatism over ideology. >> well, in 1978, 1979, the leader of china at the time, decided to have a policy, reform and opening up to the outside world, and this is essentially anti-mao and it turns china around and recognizing they face failure unless they adopt characteristics of the west and integrate with the world and that is how they began to have economic progress and tremendous investment in china and now have a lot of money with which they can buy military hardware and you don't put intercontinental ballistic missiles down independence avenue or constitution avenue, when we are celebrating the 4th of july and this is something communist countries usually do and that is unfortunately what they seem to have emphasized. >> a lot of americans watching this, you know, typically, focus more on talk about afghanistan and iran and so forth, north korea, and a little bit less focu

china is the model economy. the communist chose to spend massive amounts of money on real stimulus that works. and now they are seeing positive results. chinese got purchasing manages index like we do to pmi, it's been over 50 for six straight months. a reading over 50 means the manufacturing sector's expanding. pmi up slightly from august, ours slipped, but more important than, that in chin at economic employment sub index rose from 51.8 in august of 53 in september. their job creation highest level in 25 months. the chinese are having an infrastructure-led recovery that's anything but jobless. that's what we should be seeing here in the united states. that's why i think we were down so bad today. we got a recovery that's losing jobs. that's the number this morning, you got goldman sachs saying tomorrow's number is bad. hey, it's about jobs. it's not about losing jobs. it's about creating them. unlike the chinese, our purchasing managers reports and our federal reserve reports, i can't believe they read every s

. >>> china pullsut all the stops fr its 60th celebration of communist rule. we'll show you the amazing pictures. >>>nd controversy in the caribbean. part three of our series on pop culture polics takes us to jaica where they dance a different beat that so say is way too rty. >> from the world's leing reporterand analysts, here's what's happening fm around the worl this is "worldfocu" major support has beenrovided by rosali p. walter and the peteg. peteon foundaon, dedicated to promoting fiscal reonsibility and addressi key economic cllenges facing erica's future. d additional funding is provided by thfollowing supporrs -- >> good evening. i'm martinavidge. thank yofor joining us. e obama administration's policy ofngagement with iran s put to the testoday in the highest level direct talks in three decades betweethe two countrie the u.s. was join by fi other world powe in the meetings in geneva. afterwd, president obamsaid iraneard a clear messag that it must act on its commitme to open a newly discloseduranium enrichmentlant to internional nspectors. that, sai

workers have been laid off, salary cuts, you're on your china is down 43% of exports. -- yiron year china is down 23% of an expert -- year on year china is down 23% on exports. trace: is there a shift in strategy to open up new markets for china? >> china is their biggest market and hours as well, probably, in the future. 1.3 billion people. if we cannot get into that market, we will not be competitive is. -- competitive. their salary is slowly rising. 20% of china will represent the world computer market in the next four years. chinese companies have suffered sale losses, they are now trying to sell to their own. trace: great to see you. martha? martha: right now we are waiting to hear from republican leaders on the war in afghanistan. we may have some information coming out of there with a lot of big news from the democratic and republican side. if any major decisions come out of there, we will talk about that as soon as we come back and bring it to you live. martha: thank you for watching. trace: "studio b" with shepard smith is right now. shepard: eight years to the day since the star

china looks at the years ahead for china. >> reporter: it's been 60 years since it was declared that the chinese people have risen. but it's only been in the last decade that china has begun to take its stage on the inter national stage. it was only since reformed that china began to catch up with the rest of the world. these days, though, china is a member of every world body, plays a crucial role in politics and runs almost like an average free market. almost, but not quite. >> my estimate is where i say at the beginning of this year, the private sector probably accounted for about 70% of gdp. but on the other hand, we've seen in the government's response to the session, that they still control a lot. they completely control the financial system and they control all of the most capital intensive industrial companies which means they control about 40% investment in chinese cities. >> reporter: managing a population in a country whose borders run from india to russia is no mean feat. china faces many issues in the coming decade. in an effort to improve the lives of the peasant popula

[applause] the 60 years of development of china has proved that only socialism can save china. only reform and opening up can develop china, develop socialism, and develop marxism. the chinese people are confident and are capable of building our own country and make good contributions to the world. we will follow a path of socialism with chinese characteristics and comprehensively have basic programs and experiences. we will maintain our policies of opening up and pushing for its scientific development and promotes social harmony. we want to turn new pages in socialism with chinese characteristics and opening new chapters in the making of people's lives better. we will stick to the policy of peaceful unification under one country, two systems. to help on kong and macau remain prosperous and stable. to seek peaceful development in relations and to work for the complete reunification of the motherland. this is the common aspiration of the chinese nation. [applause] we will on sri maintain an independent foreign policy of peace. we will follow a passive -- a path of peaceful devel

. >>> coming up, why today's communist celebration in china has outraged people in the u.s. >>> the end of the line for one brand that was one the future of general motors. >>> a truly amazing rescue, as a good compare tsamaritan pulls a >>> a truly amazing rescue, as a good compare tsamaritan pulls a 4-year-old from a burn owwww.... (announcer) not just sinus headache... but pressure... and congestion. (announcer) you need a sinus medicine ooohhh... that rescues you from all three symptoms introducing new sudafed pe® triple action™. for more complete relief from the sinus triple threat. get more complete relief. with new sudafed pe® triple action™. also find sudafed® behind the counter. but those days came and went, and the cigarettes remained. but today's a new day. and a few simple steps can make a real difference in your next quit... things like starting with a plan to quit smoking... getting support... and talking to your doctor about how prescription treatments can help you. talk to your doctor about prescription treatment options. and make this time, your time. >>> another

the muslim regions of russia, some portions of china and even iran. is it is now a problem in which the future security of the world, it's fundamentally involved. now we are there exclusively and that is a condition but we cannot remedy it in a month. the president stated as a candidate and stated several times a person it's one that he considers afghanistan a war of mississippi. and i agree with it. he has added an troops deployed with it and that i agree with. he now has before him the recommendation of the commander that was appointed by this administration and even supplanted by this administration, and the commander of the central command. it is no political basis on which to -- there's no strategic bases and the political lesson that one would have to draw from their is that america does not want to put through the strategy that it has announced as its goal. so i would argue one wants more diplomatic flexibility or whether one believes that there has to be a certain military outcome in either case, we should follow the basic recommendations that

. >>> and we'll take you for a ride on the streets of china where tens of millions of people have made thet of hot wheels indeed. >>> from the world's leading reporters and analysts, here's what's happening from around the world. this is "worldfocus." major support has been provided by rosalind p. walter and the peter g. peterson foundation, dedicated to promoting fiscal responsibility and addressing key economic challenges facing america's future. and additional funding is provided by the following supporters -- >>> hello and good evening. i'm daljit dhaliwal. the intense debate over this country's strategy in afghanistan will undoubtedly be fueled by what has happened there to american and nato forces in recent days. nato reported today that two more soldiers, including one american, were killed in separate bomb attacks in southern afghanistan. and on saturday, in nuristan province on the border with pakistan, hundreds of insurgents attacked two remote american bases. eight u.s. soldiers were killed in what was the deadliest battle for americans in more than a year. and that is makin

so while china has some great growth potential, they still need the rest of the world to grow. it's hard to see the chinese spending their money that they have. the chinese consumer, unless china does something about health care, pension -- >> please let him finish, professor. i think he's finished done. >> go ahead. >> here is the way it's going to go, andrew. they're going to gut us over the next couple years just the way they're doing. the consumer is already retracted, and the worst part now about this relationship that they call the monetary merry go round in that report is that it's not consumers spending a bunch of stuff and helping the global economy, it's our government basically borrowing a burvelg of mon bunch of money. what's going to happen is over time china is going to value the one up, their consumer sector will grow fairly heavily internally. they have over 100 cities with over 1 million people in it. things are booming over there. we'll recede into nothingness because we lack the fiscal discipline. obama needs to understand no manufacturing base, no growth. we

. >>> coming up, why today's communist celebration in china has outraged people in the u.s. >>> the end of the line for one brand that was one the future of general motors. >>> a truly amazing rescue, as a >>> another general motors brand is about to disappear. be eliminated, after a deal will collapsed to spin off the company. once advertised as a different kind of car, saturn was created to compete with japanese imports but never made a profit. 13,000 saturn employees is affected. >>> bank of america is searching for a new ceo, now that ken lewis is stepping down. the embattled ceo says he is leaving voluntarily, after more than a year of controversy, over bonuses and big mergers, including the acquisition of merrill lynch. the investigation into lewis' role in the merrill deal will go on. >>> in potentially big media news this morning. comcast may be in talks to buy all or part of nbc universal. the sale would include the nbc and telemundo broadcast network, several cable channels and a movie studio. nbc's owners, g.e. and vivendi could get a lift from the deal. comcast is denying an

is to make china el good about itself at difficult time. the learship waall lined up, past, present, d future. the latest political bz word is harmony. ly socialism can save china, says thepresident, and only reform can ensure the development ofhina. another cmmunist tradition -- rading the leadership portraits. theres the last presidt, who established capitalism in the party oppose the cstitution. he thehanded oveto hu jintao, who seems more conservative. in a way, we are right back whe we ud to be in the old days with china watchers examining every ny little tail to seef they can get se clue as to whatis really ppening behind t scenesn the chinese leadership. while interpretationf what we haveeen today is that aa time of high unemployment an anger agains corruption, the government wants to get back to basics. the basics being eld communistay. toght, it turned into a unningly staged party, though nordinary peoe were invited. he chinese are hugely proud of their count. they ll soon be the world's number 2 economy. they still have not sorted

more than a quarter of a billion people in china at make less. leno says -- lenovo says within four years, china will take 20% of the computer market, so you are seeing a rise in consumer demand. i talked to the american chamber of commerce there before i left, and they said, "you know, american companies need to get into china. if they are not successful in that market, we will lose the race, economically, because that is the new horizon for consumer markets is out of -- consumer markets." >> we're just adding new details about what came out of court this morning. a new date was set for october 24 probable cause hearing, and what is coming out now is the fact that the suspect in this case, raymond clark, did not enter a plea, is a bigger deal. we are also learning that during the time of the october 20 hearing, both sides will be able to put on evidence and call witnesses. they are trying to prove that this case should actually go forward, and this has people in new haven, conn., watching this case very closely. that is what is going to happen o

: china on how it affects the family. mackenzie's allegations of an incestious relationship with her father. >> i do feel like i have to speak about it publicly because i love my sister. i do think that the allegations are true. >> reporter: while china shows support, her mother michelle phillips has not been as sympathetic. >> she's a pistol. what can i say? with a subject as intense and as personal as this, people's feelings go haywire. and so there has been some flareups. and there has been some tension. and there has been some animosity. but you know what? we love each other. at the end of the day, our family is going to be fine. >> reporter: also tonight, the first video from inside chloe kardashian's wedding. plus a george clooney movie exclusive for you. and we join atlanta housewives' nini. we'll have that and more coming up later on "entertainment tonight." >> how much more could you ask for? don't miss this. >>> a woman in illinois is distracted when she looks down to see her food smiling at her. the woman could

china's 60th birthday party perfectly organized, but the public are told to enjoy at home. it is 7:00 a.m. in washington comment midday in london -- an evening and sumatra. rescue workers still battling the aftermath of tuesday's tremors are now stretched to the limit. more than 500 are confirmed dead as a result of that earthquake. worst hit is the city of padang where hundreds of buildings collapsed. rescue and recovery work is being hampered by roads made impassible and the loss of power and communication links. >> scenes of devastation in the sumatran capital of padang, a day after a deadly earthquake struck off the coast of the island. scores of homes and buildings have completely collapsed, burying hundreds of people beneath them. in desperation, some have tried to pull their loved ones out manually, attempting to clear them from the rubble. but it is a race against time. this city is one of the worst affected by the powerful tremors. relatives fearing the worst arrived from all over indonesia's to try to find some trace of their families and friends. the rescue opera

unfortunately there are them, there's no magic bullet cure here in china. this is a ten-year program to try to generate domestic demand and an inconsistency in generating domestic demand in china. you lose the slave labor wages that, of course, is very cost advantage, not just the rest of asia, but all around the world. big problem for chinese to come, major problems at some point. it's not going to be a straight line for china, but pretty much a straight line for the dollar down. >> guy? >> reporter: the interesting thing, though, philip is europe seems to be getting caught in the middle and europe that ultimately ends up shouldering the burden for that adjustment. christine lagard hinted that to me. she's clearly worried about this. how big of a problem is this going to be for a european recovery? everybody wants to export their way out of this recession. and you've got a high currency, it ain't going to be you. >> well, she's not going to get a lot of sleep going forward they're not going to get out of this problem until they start creating more reflatio

dan lewis is back from china. he is back here in new york to talk about his trip and what he discovered. what did you discover with chairman mao getting a boost today? >> alive historians will tell you that he was brutal, responsible for the murders -- for the deaths of millions of chinese at one point during the cultural revolution. why is he being promoted by the communist party? there is a new movie that has been put out by the government of china that is an epic movie with 200 top stars. it is really to remind the chinese about where they came from. mao was the glue that keeps the country together. that is the symbol of why he is important. the chinese do not hear much about the 30% wrong. it seems that the communist party is struggling in a modern- day china to try to hold the country together. they are using old images to do that. bill: you can argue that communist china is the way that beijing keeps a lid on the entire country, as you point out. any ethnic tension that springs up is kept in check. at the sa

china celebrated its 60th anniversary of communist rule today. the regime marked the occasion in beijing with a massive show of patriotic fervor and military might. we have a report from nick payton walsh of independent television news. >> reporter: it was a party for the party. an unprecedented display of military might, paralyzing beijing. meant to show the world, and moreover the chinese people, that 60 years of communism has built a new superpower. and to show the upheaval, sacrifice, and change has been worth it. president hu jintao dressed to echo the past. in 1949 mao tsedung stood here and declared china a people's republic. today's show a backdrop for hu to declare china "towers majestically in the east". the people who have their destiny in their own hands and are united, will overcome al difficulties and obstacles and will continuously make great historic achievements. intercontinental nuclear missiles, and ranks of armed female militia, all clearly pleasing the party secretary. this was authoritarianism saying it works. a day to ignor

china's support on issues like north korea and climate change, and china does not look too kindly on foreign leaders receive in the tibetan leader. that likely plays into this. shepard: there was a time when china did not have so much influence, and that is the difference. the dalai lama met with former presidents of both sides of the aisle. >> yes, the dalai lama met with the previous three presidents, two republicans, one democrat, a total of 10 times. these were mostly private meetings. but in 2007, george w. bush was the first sitting u.s. president to meet publicly with the dalai lama and present him with the congressional gold medal. shepard: money held -- molly henneberg on capitol hill. thank you. the brother of acorn's former president may have embezzled more money than the organization has admitted. acorn has been under fire since its workers were caught on hidden camera giving advice about money laundering, covering up tell prostitution. now, the head of an acorn is firing back. eric is life in the news room tonight. >> it is not $5 million. it is just under $1 million in

this is a very popular shirt in china. in fact, this is what it says down here "to serve the people." do i have that right? "to serve the people." 60th anniversary of communist china. that's fantastic. you can't get this in stores, here at least, but you can't get this in bookstores everywhere. by the way, if you go to the white house, get a jacket, in fact, a white jacket. oh, yeah, details, next. uuuuuuuu glenn: well, the f.c.c. is staging a crackdown on deceptive advertising practices on global media platforms such as facebook and twitter. we got to crack down on those guys, huh? advertise something exploding and according to the government, they are so deceptive in their advertising practices that the government is here to protect us. even some bloggers will be held liable for false statements that they make about products. gee, i wonder if i'm a product? if you're actually spending our hard earned money on some product because a blogger told you to, you got problems. oh, but glenn, fred blog at net dot dot com said it

china was slow in dealing with the problem. now it is making up for lost time. >> your press card, please. >> in fact, they were members of a new communist party. they were part social security workers and part eyes and ears of the authority party. they worked closely with the undercover police. but we found that most of last july's rioters did not come from here at all. they came from cash card, 1,000 miles away. -- they came from kashgar, one doze1,000 miles away. wherever we went, a squad of policemen came with this. they wanted to make certain we did not come into contact with radical muslim fundamentalists. >> twins and triplets are gathering in beijing to take part in the annual twins cultural festival. some 500 to 600 twins and other multiples are expected to attend the two-day festival. having twins is the only means of having more than one child. alexander mccall smith has entered into new territory in an opera. ♪ >> on the edge of the kalahari desert, in an old converted carriage, a bit of -- in an old converted gar

but china is also very interested in it. of course, you know the role they play in buying our paper. >> welcome to "the call." i'm melissa francis. you are listening to the question and answer portion of ben bernanke's hearing on financial regulation. stocks are lower due to disappointing economic news. let's go back to the hearing. >> there's two key issues i think. one is inflation. federal reserve is responsible for inflation. we are confident that we can manage our policies to support the economy. without inducing inflation in the median term. so we are committed to low inflation and fully believe we have the tools and political will necessary to achieve that. the second issue is about the current account and trade deficit. as someone earlier mentioned, we need to have a better balance where by the u.s. saves more, imports less and other countries, including china, rely more on their domestic demand. that's a mutual process where both sides have to accommodate that. but from our perspective, the best way we have to raise

obviously with china, india, et cetera, we're looking elsewhere for opportunity. but as of right now, the u.s. still stands to the economy people are looking to. >> do you want a strong dollar or weak dollar for stocks? the street recently said the weak dollar is good for stocks, because it basically means the future earnings and every other currency when you bring it back here is worth more dollars. >> i would agree with that to a certain point. but also, let's look at the american consumer, who is still, you know, about 70% of our economy, they need to have buying power. if we take away their buying power completely, we don't want to end up where mexico was 15 years ago. you know what i'm saying? >> the other big plank obviously is what happens with all the liquidity coming from washington. what is the federal reserve going to do, what is the government going to do? the timing and strategy is -- do you think they might end up targeting a level on the equity market? >> i don't know if they're going to target a level on the equity market as much as a level on rate

we saw what happened with china when we won the olympic bid. do you think brazil is a repeat or not? >> it's a very different economy. the brazilian stock market is dominated by big commodity producing firms. you have to draw a distinction in investing in the progress in brazil itself, i'm a believer in the brazilian economy and latin america will do catch-up in terms of development, there are a lot of people putting money into commodities. if the global economy doesn't grow fast enough you could see correction in commodities. be careful what you're investing in. >> what wabout our market and or economy in light of this jobs report. we saw a loss of jobs in an increasing number of categories, but you still think the recovery is on the mend. >> we're out of the intensive care unit. this is going to be a long convalescence. it's going to take us five years to get back to full employment, even when employment peaks. as far as we can see the economy did grow strongly in the third quarter, maybe 3%, 4% gdp growth in the third quarter. we should see

china took a break the past quarter. they'll be back up pretty strong the next quarter or two. but in this country we're sort of lagging behind. and that's happened before, it will happen again. but i think we're still going to keep up with the rest the world. >> so how do you invest, then, in that environment, harry? >> we're very heavy international right now, maria. we've been in the -- in europe very heavy the last several months. we're backing out of europe now. more in emerging markets again. taiwan, south kraerks iorea, in australia. we still have italy, spain, austria, and europe. we've been heavy in brazil and brazilian small cap for months and months now. very, very nice gains there. latin america's been the biggest gainer in the market of all so far this year. up 75% for the year. >> matt, what are you looking at? what's most important to you in terms of sifting through the numbers coming your way next week? >> we have come 60% in six months, and the fact of the matter is if earnings don't come in better than expected and sales don't come in better than expected the

coal demand increasing and maybe coal demand's been a little bit weaker over in china but it's still far xeegd last year. big pop today for peabody. >> general dynamics. >> upgraded at morgan stanley raised their price target to 80 from 52. ten times forward earnings it's cheap still. >> pet smart was a pop. >> upgrade probably more to come. i'd still be a buyer of petsmart here. >> also a pop for the brazil etf. ewz. pop of 3%. >> high for the year. 2016 olympics. no reason to get out. brazil looks great. >> and a pop for the twins. the minnesota twins. the twins back in the game after beating out kansas city yesterday, coming back from seven games down in the standings. minnesota moves on to a one-game playoffs with the detroit tigers on tuesday night for the a.l. central title. >> this is a pop for the entire minnesota right now. you've got the monday night game tonight and now you've got the twins tomorrow. >> giddy-up. >> metrodome. >> pop here for dow chemical. back over to petey. 5% move. >> big move today. and you know why? because the solar, once again, just like dupont, we'

china has had a huge impact on global economic demand. we are seeing early signs of a global economic recovery largely unrelated to the u.s. stimulus program. >> gregg: private sector, resilience of the private sector. joe, thank you so much. >> julie: we brought you this study. a remarkable five-year-old boy that bagged a gator in texas. here is mom and dad to tell us how he hunted the gator down and we'll show it to you nicks. ld m ayets ryor. nner lyeron m s raleso hiowti llmemaur thy ets ro ig ass. (anc thntme >> julie: mother nature tearing a path of destruction across the glob in the past few weeks, one of the worst areas, asia, pacific region, it triggered a tsunami and affecting the lives of more than 1500 people. rescue efforts are still underway in the philippines where a typhoon forced tens of thousands of evacuations. in indonesia, entire villages were wiped out by landslides. in italy a scene of disaster, a round of storms sparked mudslides, in sicily, homes destroyed and cars swept away. slides killing 22 people and leaving

the third issue is, of course, china. we have spent a lot of time thinking about domestic job recovery. don't forget, any policy shift i think is very important. that means the jobless recovery in the west may be part of a transfer of jobs to the east. >> charles, good morning. this is chloe in singapore. given how far we've come in the equity markets since the march lows especially with the dow where it is, which sectors are you looking at given that we are seeing a lot of jittery sentiment over what the third quarter earnings numbers will provide along with that jobs number, as well? >> i know people are focused on the fact that we've come up a long way from the march lows. in my view, the march lows are really important as a benchmark, but not as important as more normal valuation levels. and quite frankly, i think we're way outside of normal valuation levels. we're still down significantly year over year and until we get past those short of levels, i think the whole market is really, really attractively priced. >> i t

in new york, red and yellow lights honoring china lit up the entire state building. some critics say the lights on the u.s. landmark are wrong because of the communist country's poor human rights record. >>> okay, tiger woods, michael jordan, they are good friends. guess which one is a billionaire. can you guess? larry smith is here with that answer. hey, larry. >> good question. good morning to you. these two like to play golf together. i guarantee you this will be something they are going to talk about in words that we probably can't use on television about this. tiger woods making history again. as he's sports' first billion with a "b" -- billion dollar athlete. that's according to "forbes" which has been tracking his earnings since he turned pro 13 years. back in 1996. woods just last weekend won a $10 million prize by winning the fedexcup and that put him over the billion dollar mark in his career in combined on and off the course earnings and his estimated he makes about $100 million a year in endorsements. michael jordan earned about $800 million since he firs

. >> i don't think that new york city wants to pay tribute to the 60th anniversary of china. they're an oppressive regime, one that doesn't share our values. there's plenty of opportunities for diplomacy. >> that report again from jim dolan of our new york station wabc. >> several published reports say comecast is in talks to buy nbc university from general electric. comecast is the nation's largest cable providers. if a deal is finalized, it not not only take offer the network, comecast and ge executives are not commenting. >> big news. here's a look for this thursday. heavy ran and flooding from business mark to des moines, leftover show in the colorados and showers in the pacific northwest. 65 in portland, just 62 in salt lake city, 84 in sacramento. it's 69 in baltimore, 76 in atlanta and 87 in miami. >> this is kind of cool for some school kids in florida. they're preserving history by burying the past. >> a newly built elementary school created a time capsule filled with a lunch card, song lyrics and other twine rel particulars. >> the project, part of the hundredth yea

>> china has the biggest potential market in the world. american companies, if they want to survive, china is the next bright horizon. the fact is, they managed to survive and recover somewhat by turning in words. they are slowly getting higher salaries, one of the brightest economies in the future, american companies have to sell to them. they are also the biggest swirls on earth, saving, never spending money. jillian: welcome back. bill: report. so much is happening in that country that we need to understand. jillian: did you see that video from over the weekend? bill: a long way from macy's, right? in a moment, accused of a slap on the wrist, but not for this guy. how did he score more than one dozen years in prison? jillian: will acorn be able to regroup after the accusations against them? the ceo of the organization addresses the results of internal organization. we will go over that later in here on "america's newsroom." still tired of morning coming in the middle of the night? rooster crow. still tired the next day too? when you hav

he needs china. bill: doesn't want to offend china. >> he needs china for our economic growth. bill: why would china be offended? he is going to meet with him. not like it's going to be any big deal. >> conflict between dalai lama and communist china. i would prefer to see him as humanitarian to meet with the dalai lama. bill: on board with the dalai lama. don't want to get on to the big topic. but, see, i can't be mean to the dalai lama. >> why not? : it's aarma thing. you know, you i will be thrown under a real bus. >> when has that ever stopped you. bill: old guy and nice guy. we can't have him beating us up. i don't want him here all right. colmes, what did he do right this week. >> i like that he is meeting with the human rights campaign. it is the first -- only the second sitting president to meet with a gay rights organization. is he doing it in advance of gay rights demonstrations in d.c. over the weekend. they are expecting thousands. bill: are you going down? >> i'm not going. bill: rye? you should go to that. >> don't we have family plans this weekend? bill: wait, co

in china, car sales are booming, for example. they are at record levels. >> people are debating that though, whether the growth in china is real. how do we know that that's actually, you know, happening on the ground? you are seeing that kind of vibrancy? >> there may be a special reaction here to a lot of government stimulus in china. especially the monetary stimulus was very much front loaded in the first half of this year. china possesses enormous productive capacity. financial resources and it has a population with significant unmet needs. those needs are starting to express themselves in a slower savings rate and more consumption. >> what would turn this story around? you know what, there is a red flag, i have to take a step back from putting so much money into asia? >> we are very diversified. we don't have a huge bet in any single place. we are betting on asian growth, but also betting on some of the more defensive and high quality sectors of the equity market. we think there is excellent value in the telecommunications se

likewise, my golf club, tvs and cameras are made in china. does the u.s. no longer have the manufacturing ability to manufacture these products? i would known as street high. ubs comes out today and he goes to $265 target. that was just to best cramer. jobs, jobs, jobs. dan d'amico and i talk all the time about this. the reason why we do not have the manufacturing capability is because we don't create enough jobs and don't grow fast enough. the real economies away from here grow faster. i am pro congress to focus on creating jobs. not on health care, not on cap and trade. jobs. here's one from maury. dear jim. i've recovered all the money i lost in the crash last year. i retired in 2008 and started watching your show every afternoon with a cold beer. in march of this year you gave me the confidence to take control of my own finances. once again, thanks for the entertainment and education. i'm hoping santa will bring me your book for christmas this year. my book, "getting back to even" comes out in ten days. thank you so much. you did it right, came in when

bush wasted four days going to the olympics in china as a guy just sitting there. seriously? that's next. worst person story. arizona congressman trent franks as he takes back america conference over the weekend where a delusional woman named worthhamm compared obama to hitler and congressman walked out. he demanded to see the birth certificate. called his position on abortion, quote, insane and he has no place in any station of government and we need to realize he is an enemy of humanity. a spokesman for congressman franks with three ks said he's referring to the stance on abortion and unborn humanity. if you're as far from main stream america as to feed that raw meat to insane lions knowing it's not true, it's you, congressman, you don't have a place in government. apologize or resign, the less embarrassment you will be for your family. krko in everett, washington were blown up in a bombing and when freedom of speech is being squelched, the left says that's fascist. but in this case, the left doesn't call them anything. there were no bombs. the towers were pulled down using

. >> the skyline could be anywhere in modern china, but on the ground this city is very different, three months after the riots and police are still everywhere. people are overwhelming muslim and ethic chinese have settle here in huge numbers, in july the grievances boiled over. i spoke to an eyewitness that saw some young weigers beat to death, people were going crazy, and 198 chinese died and then chinese carried out killings of weigers with maybe 10 killed. >> this is where they gathered in the first place, and why riots are here in force to make sure it doesn't happen again, they were attacking chinese shops. secular and ethnic violence shook the chinese governnt to the core. >> we headed out to the weiger slum area, the police were following us everywhere we went, tailed us in three cars. people here are rht at the bottom of the heap, china was slow in dealing with the problem, now it's making up for lot -- lost time. >> the press card, please. >> infact they were members of a brand-new communist party task force, part social security workers and part eyes and ears of the authority.

. >> china celebrates 60 years of communist rule with its biggest military review. >> a study linking candy eaters and violent crime. >>> china is celebrating the 60th anniversary of communist rule with a show of force. thousands of soldiers, row after row of military hardware rumbled through tiananmen square in bap shing. top chinese officials were on hand to start out the festivities for the flag raising ceremony. >>> a new york city land mark was lit up in honor of china's anniversary, red and yellow lights glowed from theop of the empire state building. the building is routinely lit with colors to mark holidays but given china's reputation on human rights critics question whether it was appropriate. >>> the u.s. and five other nations are sitting down with iran today to discuss its nuclear program, the meeting in geneva comes less than a week after news broke that iran has been building a secret nuclear facility. brooke hart has been following the negotiations from capitol hill. >> reporter: today's talks have teams of negotiators from six nations face-to-face with iranian officia

., britain, france, germany, china and russia, are already contemplating new and tighter sanctions on tehran, a clear signal that hopes for the meeting's success are low. the talks in switzerland will be closely monitored in israel. earlier this week, the iranians test-fired missiles capable of reaching israel. and ahmadinejad has repeatedly questioned israel's right to exist. ephraim kam closely follows iran. >> i believe there's nobody in israel, in europe or the states that are hopeful or optimistic about the talks that are going to start tomorrow. they're trying to gain time in order to make further progress on their nuclear program. and then is a tactic. >> for years the israeli government has warned that iran was not being honest about the size and nature of its nuclear program and has held out the possibility of military action against iran's nuclear facilities. but for now, israel is prepared to let other countries take the lead in confronting iran, hoping the threat of harsher sanctions will persuade iran to reveal the true intent of its nuclear ambitions. >> the emphasis at

if we have that, we're going to not be able to offset what happens in china. i mean, it will be too late to offset china. why don't we go to mike in illinois? >> caller: hey, jim. >> hey, mike. doesn't illinois have a big game this weekend? >> caller: i don't know. >> yeah, i think you do. think you have a big upset game. go ahead. what's up? >> caller: i've got a big second city non-olympic boo-hoo-yah. >> yeah, i thought that was bad. first of all, i didn't want the president to go to copenhagen. i wanted him to create some jobs. but then we lost the olympics. but that ain't his fault. the rio crowd did us in. what's up? >> caller: well, so that's why i'm calling. i want to know how to play this. >> i am going to say something that no one wants to hear. you can't. people -- jokers play it. i used to do this stuff. when i first started out at golden flax, i used to trade everything. if one raindrop beat the other one i would buy morton's salt. i used to do everyone. there are some events you just don't trade and you can rack your brain, come up with something

. >> reporter: china phillips talks about the incest tell- all. china opens up about the firestorm. >> it's something i don't wish. anyone. >> reporter: china on the controversy that engulfs her family, about her sister mackenzie's claim of an incest incestuous relationship with their father, '60s icon john phillips. >> i feel like i do have to talk about it because i love my sister. i do know that the allegations are true. >> reporter: while china shows support. her mother is not as sympathetic. >> she's a pistol. what can i say? with a subject as intense and as personal as this, people's feelings go haywire. and so there have been some flareups. and there have been some tension and some an animosity. but you know what? we love each other. at the end of the day, our family is going to be fine. >> also tonight, the first video from inside chloe card kardashian's wedding. plus, a george clooney movie exclusive for you. and we join atlanta housewives nini on her big night out here in hollywood. we'll have that and so much more coming up later on ent

part of which is a raw material play that is key to china. that's not just a shameless plug for the book. and has been there for the book. you've got vale, which is the largest iron ore producer in the world and has been on a roll, although i don't think has actually gone up if you look at the commodity trade since march. i don't think it's up as much as some of these others. it's up about 80%. >> we're six years away from this. so just be careful about getting too excited about this rally right here and now. in fact, the world cup soccer is actually going to be there 12-2014. before that people weren't even talking about this. this is huge. what i will say, zach zach's totalry right, there's no question the infrastructure buildout, literally brazil needs to build out their infrastructure. they are not ready from a transportation, communications perspective, from the stadiums, and they have a lot of work to do. >> you say 2016's a long time away and it is a long time away but at the same time they've got to start putting the shovels in the gr