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CNN
Jan 15, 2011 1:00pm EST
keep hearing about the rise of china. we're going to show you exactly how you can capitalize on china. no matter what type investor you are, we'll show you specifically how to invest in china all that's coming up. how are those flat rate boxes working out? fabulous! they gave me this great idea. yea? we mail documents all over the country, so, what if there were priority mail flat rate... envelopes? yes! you could ship to any state... for a low flat rate? yes! a really low flat rate. like $4.95? yes! and it could look like a flat rate box... only flatter? like this? you...me...genius. genius. priority mail flat rate envelopes. just $4.95. only from the postal service. a simpler way to ship. wow, you look great! thanks! it's this new wish yourself thin program. i just wish it and it happens. it's probably those fiber one bars you're eating. i know they help me stick to my diet. the bars are 90 calories and the fiber helps you feel full. 90 calories and high fiber. so that's why this diet thing is working. but it's weird because my wish for lorenzo came true. [ male announcer ] fiber on
CNN
Jan 16, 2011 3:00pm EST
could the tea party take the lead in how we debate them. plus you keep hearing about the rise of china. we're going to show you exactly how you can capitalize on china. no matter what type investor you are, we'll show you specifically how to invest in china all that's coming up. [ female announcer ] applying lip balm over... [ record scratches ] ...and over [ record scratches ] probably isn't giving results you want. discover neosporin® lip health™. shown to restore visibly healthier lips in just 3 days. neosporin® lip health™. rethink your lip care. >>> since president obama took off, the focus has been on conservatives in the media that some people feel have gone too far inciting their audiences. david told us we have a habit in this country, not necessarily a bad habit about being contentious and battling them out in public. arianna huffington, from the "huffington post" what's your take on that? should we retreat it our corners? or have vigor in our debates. >> i agree with david. this is not about eliminating passion from our debate. about eliminating demonizing our opponent
CNN
Jun 22, 2013 11:00am PDT
about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's childish, it's all those things. but here's the reason. because investors have gone for exotic emerging markets with very narrow exits. of course, when things start to change, they all head for the door at the same time. you're absolutely right. the mere fact that he will be taking his foot off the gas is because the car is going fast enough on its own. so you have to put it into context. do i think we should be concerned? the hiccup, bucolic plague of the last week. absolutely not. the market knew it was coming and they're just having a nasty bout of indigestioindigestion. >> what about china? factory output weaker than expected. last year china's growth was the weakest in 13 years. if the fed
CNN
Jan 22, 2011 1:00pm EST
-led strategy. and that's with a we've seen, not just china do but actually if you look at around the world, which is the western industrialized country faring the best, the answer is germany. and the germans, you know, for decades have had a real focus object export-led growth. so i think we're going to hear that from the white house. >> although they've lost their top spot to china now and the reality is unskilled labor in china costs less than $1 an hour. tell mep if that's -- great, we've never had a real good manufacturing policy in this country and we've been losing manufacturing jobs for 15 or 20 years now, is that really where our future needs to be? >> partly. okay? i this i if we -- we should certainly reinvent that sector, and i think it already has been reinvented, to tell you the truth. a lot of the manufacturing sectors have become very lean, very competitive, hyper productive, and they're actually profitable. and as you have currencies starting to normalize a little, there's a lot of inflation in china, so they might let that currency rise a bit, that's going to even he
CNN
Jan 17, 2011 4:00am EST
of tunisia. neighboring countries fear the economic contagion could spread. >>> china, the u.s., and a question of currency. president hu calls the dollar, quote, a product of the past ahead of his visit to washington. >>> and what goes up must come down, so says the skyscraper index. we'll explore the correlation between building booms and economic busts. >>> but before all of that, we want to bring you up to speed on the latest story involving wikileaks. a swiss whistle blower plans to give the website offshore banking information of prominent people and corporations in the u.s., europe, and asia. julian assange has released thousands of sensitive documents in the u.s. we'll have details on this in the next hour. it's going to be interesting stuff. >>> now we'll have a quick look at the european stock markets to see what they're doing at the start of the week as eu finance ministers get to work today on tackling europe's debt crisis. this is how they are looking here in london. the ftse is unmoved so far. in paris shares down slightly. the only upside the zurich smi up margin
CNN
Jul 18, 2010 3:00pm EDT
you. >> thank you. >>> there is a growing threat to this country and it comes from china. why should you be worried about it? next. ♪ band: every day you chee ♪ check the wife check the kids check your email messages ♪ check the news online ♪ ♪ check the money in the bank check the gas in the tank ♪ ♪ check the hottie walking by... ♪ ♪ ...wait that's a dude, no thanks ♪ ♪ check the new hairdo check the mic one two ♪ ♪ 'cause i'm about to drop some knowledge right on top of you ♪ ♪ you check a lot of things already why not add one more ♪ ♪ that can help your situation for sure ♪ ♪ check your credit score ♪ free-credit-score-dot-com free-credit-score ♪ ♪ you won't regret it at all vo: offer applies with enrollment in triple advantage. er wretirement expert? let's meet some. retirement's a journey and, we know the territory. we're chartered retirement planning counselors at td ameritrade. we're trained. we're seasoned. experienced. we'll help you with rollovers. consolidating old accounts. opening new ones. guiding you through paperwork. we're
CNN
Apr 22, 2012 3:00pm EDT
about speculation on oil. dennis kucinich, representative from ohio. >>> china's economic growth is slowing down. should americans applaud or panic? what does it mean for the global economy, u.s. markets and your money? [ man ] may ford. hi, yeah. do you guys have any crossovers that offer better highway fuel economy than the chevy equinox? no, sorry, sir. we don't. oh, well, that's too bad. [ man ] kyle, is that you? [ laughs ] [ man ] still here, kyle. [ male announcer ] visit your local chevy dealer today. right now, very well qualified lessees can get a 2012 equinox ls for around $229 a month. agents, when it comes to insurance, people feel lost. that's a dead end. don't know which way to turn. this way. turn around. [ woman ] that's why we present people with options to help them find coverage that fits their needs. almost there. whoo! yay! good work. that's a new maze record. really? i have no idea. we don't keep track of that kind of stuff. well, you should. [ male announcer ] we are insurance. ♪ we are farmers ♪ bum, ba-da-bum, bum, bum, bum ♪ >>> the international mon
CNN
Jun 1, 2013 11:00am PDT
. >> china is on a buying binge, and it wants one of the last things still made in america, our food. i am christine romans. this is your money. call it china inc., chinese companies working with the government buying assets around the world. natural resources, technology, ports, real estate, and now the u.s. food supply. this week a chinese meat producer agreed to acquire smithfield foods, the world's largest processor of pork. that deal valued at at nearly $5 billion would not biggest purchase ever of a u.s. company lock, stock and barrel by a chinese buyer. it is just the latest example of china's buying spree in the u.s. chinese investment in the u.s. is headed for another record year. as of april about $10 billion worth of deals were pending. last year the record was nearly $6.7 billion. we already know china is the biggest foreign buyer of u.s. debt holding more than $1.2 trillion in u.s. treasury. now the government may be targets u.s. properties. the wall street journal reports the manager of the currency reserves is setting up offices in new york city to explore alternative invest
CNN
Apr 21, 2012 10:00am PDT
, china's economic growth is slowing down. should americans applaud or panic? what does it mean for the global economy, u.s. markets and your economy. coming up next. what we achieved. what we learned here. what we achieved. and what we pioneered here. all goes here. the one. the accord. smarter thinking from honda. (female announcer) most life insurance companies look at you and just see a policy. at aviva, we do things differently. we're bringing humanity back to life insurance. that's why only aviva rewards you with savings for getting a check-up. it's our wellness for life program, with online access to mayo clinic. see the difference at avivausa.com. >>> the international monetary fund said this week the outlook for the global economy has improved but warned there are still major risks that policymakers have to address. good news for the u.s., imf raised its growth outlook. for europe things still remain bleak. even emerging economies, the largest, of course, being china have cooled. cnn's eunice un takes is inside. >> looking to land a job, not just any job. >> translator: i'm con
CNN
Oct 27, 2012 1:00pm EDT
about conditions in europe and china, these are companies that are symbols of american stability, they are worried. so worried that some are laying off workers to cut costs. you remember that move. the problem here is that there's just less money coming into the united states. the candidates aren't talking about the slowdown overseas or the storm that it's fueling, but they claim that they can keep america competitive, create millions of jobs, and cut the deficit. voters understand their big ideas and they like them, but undecided voters aren't sure which guy can turn promises into economic reality. i've got two of the best political minds in the country to break this down for us. candy crowley our chief political correspondent, host of "state of the union with candy crowley" and mark preston, cnn's political director. candy, let's start with you. from the very first primary which you covered to the last hour of voting, the economy has been and will be issue number one. is there anything either candidate can really say or do in the next few days to sway voters who are still not convinc
CNN
Jun 2, 2013 12:00pm PDT
dual mandate. coming up, china is bringing home the bacon. it's buying a u.s. pork producer in what would be the biggest takeover ever of an american company by a chinese buyer. >>> could your food safety be compromised, and is pork national security? we'll talk about that next. everyone's retirement dream is different; how we get there is not. we're americans. we work. we plan. ameriprise advisors can help you like they've helped millions of others. to help you retire your way, with confidence. ♪ that's what ameriprise financial does. that's what they can do with you. let's get to work. ameriprise financial. more within reach. there's a reason no one says "easy like monday morning." sundays are the warrior's day to unplug and recharge. what if this feeling could last all week? with centurylink as your trusted partner, it can. our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and dedicated support, your business can shine all week long. i'm very excited about making the shrimp and lobster pot pie
CNN
Nov 22, 2009 3:00pm EST
china. the first time a u.s. president visited that country during his first year in office. it's a signal just how critical for america and her banker it is to work together to battle the global >> as president hu indicated we recession. discussed what is required to sustain this economic recovery so that economic growth is followed by the creation of new jobs and a lasting prosperity. so far china's partnership has proved critical in our effort to pull ourselves out of the worst recession in generations. >> now, china went into an economic tailspin after the united states and it recovered before the united states. it's ready to outpace the u.s. in economic growth, again, this year. what is china doing that we're not that we can do better? let's have this conversation with the chief economist diane swank and anchor of qwest means business on cnn international. richard, let's start with you. the international perspective first. let's answer that basic question. things have got to change in order for the world to recover. in the way china does things and the way america does things.
CNN
Feb 19, 2012 12:00pm PST
>>> the list is long. jobs, china, debt, the housing crisis, all of these are threats to the u.s. economy and we've got to figure out what to do about them. i'm ali velshi. welcome to "your money." let us start with china. the man expected to become china's next president met with u.s. leaders this week. vice president joe biden made it clear to his chinese counterpart the united states is ready for the challenge. >> as we've discussed, the united states and china will continue to compete and as americans, we welcome competition it's part of our dna and propels our citizens to rise to the challenge. cooperation as you and i have spoken about, can only be mutually beneficial if the game is fair. >> perhaps we welcome competition, but are we ready for it? business professor peter navarro is the author of the book "death by china." peter vice president biden says the u.s. welcomes competition. you say china is using in your word, quote, weapons of job destruction against america. what is that and what needs to happen for the u.s. to at least compete fairly with china? >> we had ten
CNN
Jul 10, 2010 1:00pm EDT
, china, and the rest of the world. the truth of the matter is the u.s. does actually export an enormous amount of goods. but to increase that by anything like double fold is simply just wishful thinking. >> let's bring in scott paul from alliance for americaning manufacturing. here's the interesting thing. you can double exports all you want. if you triple i wimport, you st have the same imbalance. >> within step forward and two steps back. the most important met trick for me is if we balance our trade definite sis.trick for me is if we balance our trade definite sis. >> balancing the trade deficit, that would be an incredibly difficult -- just getting it more sustainable i think is what some people would like do. if yyou look at the trade imbalance with china, last year, $227 billion trade imbalance. that means the united states bought that much more than it sold to china. you look this year, and you can see we are already on track to surpass the first four months of that this year. this, scott, is a currency story, this is a fair trade story, what is this? >> saying china doesn't mani
CNN
Sep 16, 2012 3:00pm EDT
and a storm doesn't hit and we don't go over a fiscal cliff and nothing else goes wrong with china or europe, maybe we'll hit 3%. that's optimistic. nowhere near where we were the last two times that america created 4 million jobs in three years or 250,000 jobs per month. the former chairman of the council of economic advisers and a professor at the university of chicago boots school of business. austin, you have a chance right now to call out the biggest lie in this campaign. please tell my viewers that they will not be seeing me in a dress, which is what i promised if 12 million jobs were created in four years. they won't see that, because this economy is not going to allow for 12 million jobs in the next four years. >> ali, i learned a long time ago not to make forecasts because i would look dumb. the private sector in even the last two years which has been, as you say, modest growth has added something like 4 million jobs over two years. so it would have to speed up but it wouldn't have to speed up to something unbelievable to do that. >> let's bring in a guy who has made the f
CNN
Nov 18, 2012 12:00pm PST
. see what's happening in europe, in the middle east, in china. second of all, you just had an election, and one of the messages of the election was one of shared responsibility and fairer burden sharing, in which the rich have done extremely well not just on the outside but also in terms of being protected on the down side. finally, and more importantly, the economic arguments against this, while they would be valid at higher tax rates are not valid here. so if you look at the hand the president has, it is stronger than the republicans', and i think both of them will want to seek some sort of compromise. >> it sounds so reasonable. let's bring in steve warren. he's an editor at the wall street journal, a conservative. steven, do you agree, are the republicans ready to strike a deal with the president if it means giving up the bush tax cuts for the wealthy? they have dug in on this. >> i don't know, ali. i listen to this conversation and i feel like i'm living in france. i see no economic wisdom in raising tax rates in an economy that is so fragile right now and a recovery that
CNN
Jun 15, 2013 11:00am PDT
. riots in turkey, slow growth in china, unrest over harsh cuts in greece. from ux treem greed to extreme fear. concerns over a global recession already creating volatility for investors. this week saw the biggest single day decline in the dow this year. >> i would give our economy a b to a b plus. >> the other guy's is dragging us down. >> why might you be feeling optimistic. housing prices on the rise, consumer confidence at a five-year high, fewer americans filing for unemployment. will america's comeback continue or will the u.s. be dragged down by a world economy in turmoil? >>> i want to bring in keith mccullough and michelle myer. nice to see both of you this weekend. keith, you say the economy gets a b minus but we could get an a. what makes you so optimistic? how do we get that a? >> if we did more of the same, it would be awesome. a b plus could be an "a." an "a" is what it is relative to the rest of the world already. to have a stronger dollar would be my number one choice. we need to get ben bernanke out of the way. for me, the thing that scares me the most is him not getting
CNN
Aug 10, 2013 2:00pm EDT
is place to stay on vacation and a deal. real estate prices in china are sky high so citizens are cutting checks without stepping foot inside a property on the other side of the planet. this one is a normal event. this exposition hosted by a group. >> one way or another the prices will go up. >> in the united states anyone with cash can buy real estate regardless of citizenship. a very simple contract is all it takes. something new for chinese citizens. >> there is a security to owning property in the u.s. that doesn't exist in china. only recently that the chinese government brokered property regularly. that means people who have means are nervous about their ability to hang onto those means if they invest in china. >> 53% of reported purchases by chinese buyers were in california. why? because it's closer. as a result, the market has changed. seasoned l.a. broker sally forrester jones has had to change with it. >> i spent time in china just meeting a lot of the potential chinese buyers to get an understanding of what types of property they like. they are buying anywhere from the
CNN
Jun 17, 2012 12:00pm PDT
moment for america and why it's europe and china, not the u.s. presidential election that will decide the outcome here at home. jessica yellin is cnn's chief white house correspondent. she says neither president obama nor republican rival mitt romney are being honest with you about the depth of the problem and their ability to arrive at a solution. john king is cnn's chief national correspondent, anchor of "jkusa." he can read the political tea leaves like no one else can. i'm going to ask him if americans are better off today than they were four years ago and more importantly if they feel better off. will cane is a cnn contributor and a conservative who i think agrees cutting spending or raising taxes now are both the wrong thing to do. and harvard economist ken rogoff is the former imf chief economist, the world's leading authority on financial crisis. we're going to start with you, ken. you're the expert. you made a career out of studying economic crisis around the world. i just laid out how i see this gathering storm. where am i wrong? >> well, you said you're normally an optimist. i'
CNN
Mar 28, 2010 3:00pm EDT
like china and india is inexorable. today as we speak, 40% of the world's population is living in countries where gdp is growing at 8% a year and what that is creating is an emerging middle class, a desire for infrastructure, a desire to get out and have jobs where we're traveling. and a big part of that is growing hotels. one of the great advantages for us of this growth in a global platform isn't just creation of new markets, but it is creation of travelers that are outbound from those markets to the rest of the world. i read recently, for example, that in about ten years there will be 100 million outbound travelers from china to the rest of the world including the u.s. >> from an american perspective, that's an opportunity. for a lot of people that look at china, perhaps from the news, as something to be feared for the last few years, knowing that these outbound tourists from china will be inbound to the united states creates a whole lot of opportunity for americans. >> absolutely it does. and what is interesting is because our hotel base in china is so strong right now, becaus
CNN
Nov 17, 2012 1:00pm EST
more difficult. see what is happening in europe, in the middle east and china. secondly, we just had an election, ali. the message, one of the messages of the election was one of shared responsibility and farrer burden sharing. it's a period in which the rich have done extremely well. not just on the up side, but also in terms of being protected on the down side. >> fin finally and importantly, the economic arguments against this while they'll be valid at higher tax rates are not valid here. so if you look at the hand that president has, it is stronger than what the republicans and i think both of them will want to seek some sort of compromise. >> sounds so reasonable. let's bring stephen moore in. he is a writer at the "wall street journal." he's conservative. stephen, do you agree? are republicans ready to strike a deal with the president if it means giving up the bush tax cuts for the wealth. >> i they have dug in on this. >> i don't know, ali. i listen to this conversation. i feel like i'm living in france. i mean i just don't see any economic wisdom whatsoever in raising tax
CNN
Apr 28, 2012 1:00pm EDT
are projections this year, 2012. china expected to grow 8.2, india 6.9, brazil 3%. united states 2.1%. same thing in canada by the way. 2.1%. the united kingdom in recession right now is maybe going to get to 0.8 of 1%. spain negative 1.8, shrinking 1.8 and greece is almost 5% smaller by the end of 2012 than it was at the beginning. nina, this becomes a discussion worldwide about whether austerity is a better policy than stimulus or whether the reality is somewhere in between. are we learning any lessons between france and greece and spain and italy. >> well economists who say you should put your eggs in the back ket of austerity politicians learning lessons of that. what we're seeing is at least 10 governments have changed over the last two years or so since the european financial crisis got going. even with some of the most fiscally prudent nations like the netherlands seen their government collapse against back lashes of austerity. that puts it into perspective. same time what we saw countries like spain trying to push painful austerity measures and standard & poor's decides to do
CNN
Nov 24, 2012 10:00am PST
resurgence in u.s. manufactured goods, combined cheap and abundant electricity with costs in china and other countries and shipping costs and you make made in america more attractive to americans and to buyers abroad and that's good for u.s. jobs. finally, housing is already making a comeback. it started to turn around in 2012 with existing home sales rising for the first time in years. construction is starting to pick up. historically low interest rates averaging below 4% for a 30-year fixed mortgage will fuel a rebound next year. a house will be the most important asset for most americans. a rebound there makes americans feel better about their financial situation and ready to spend a bit of money. stephen moore is a senior economics writer at the "wall street journal" as well as a member of the editorial board. michelle girard is senior u.s. economist at rbs and daniel gross is a columnist and business editor at "newsweek" daily beast. daniel, my thees sis thsis is t washington is likely to avert a fiscal cliff, unleash the animal spirits. we have things going on that are going to l
CNN
Sep 5, 2009 1:00pm EDT
, everybody. millions of american manufacturing jobs have been outsourced to china, mexico, lots of other countries, anywhere labor rates are cheaper but we found a company bringing those jobs back to the u.s. meet the man who is doing it and find out where the jobs are. you like your health coverage, but worry what happens... if you get sick, or change jobs. eight ways reform matters to you. a cap on deductibles and out-of-pocket costs. no annual or lifetime limits on coverage. preventive care. covered. pre-existing conditions. covered. no higher rates due to genlér. extended coverage for young adults. no more coverage denied if you get sick. and guaranteed renewal, even if you do. learn more today. there's no way to hide it. sir, have you been drinking tonight? if you ride drunk, you will get caught... and you will get arrested. >>> all right. american jobs are disappearing, many of them to china. 2.3 million jobs were outsourced to china between 2001 and 2007. most of them, in manufacturing. it may be the exception to the rule, but we found some jobs coming back. you may not hav
CNN
Oct 8, 2011 1:00pm EDT
mentioned ever. i can't help it, but i have to contrast it with china. china is spending half a trillion dollars a year and will send many trillion dollars, about what we spend on world war twosh two, on new industries. we need to create new industries. >> when you say new industry like the solar industry in the united states? >> we put half a billion dollars into na and got into a lot of trouble for it. >> take another solar company, evergreen, traded at $100 share was the bellwether company in 2008. i was bankrupt today. that's because china is funding their solar companies to the tune of massive amounts of money. much, much more than we're willing to. now china controlling the solar industry. they basically do. with their monopoly on rare earth, they can control the wind industry, too. >> their investments have been targeted and consistent in part because there's not a bury rock see. 12k3w4r >> they don't have to call the ceo before congress and testify. >> you're right. our investments have been haphazard, right? >> totally haphazard. >> not consistent, and there's no national strate
CNN
Nov 12, 2011 10:00am PST
successful export economy than china. sweden, another country with very generous entitlements is not suffering a crisis. the countries in europe which have slashed their government spending, drastically, countries like ireland, actually have not have the markets say hurrah -- hang on, final point -- the real european crisis is not at the moment a structural one. it is that countries are issuing debt in a currency they don't control. if you control the printing press. >> i don't agree with that. >> you're never going to have a sovereign debt crisis. >> it's the fact they can't control their spending and there's no hope of controlling their spending. >> i think there's a lot of similarity between the problems on both sides of the atlantic. you've got rich countries in debt and they still have to grow. that's pretty impossible. >> however, let's go back to the people coming out of the woodwork now saying ten years ago i warned you or five years ago i warned you about the euro. it's not the problem but you're saying no divorce mechanism, they never built a house. they created common curr
CNN
Jun 9, 2013 12:00pm PDT
. it's getting better but not fast enough. i would give europe a d. i would give china a b-plus, and the global average is probably around a c, that's why there's a sense of uncertainty out there. >> i give both of you a solid a for this particular broadcast. thanks, guys. muhammad and austin, nice to see you this weekend. >>> coming up, investors couldn't make up their minds this week, but homeowners may need to be more decisive if they want to get in on the record-low mortgage rates. we'll tell you why next. wow, that is mmm... it's so mmm you might not believe it's a hundred calories. yoplait greek 100. it is so good. even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] getty up. seriously, this is really happening! [ cellphone rings ] hello? it's a giant helicopter ma'am. [ male announcer ] get it done [ chirp ] with the ultra-rugged kyocera torque, only from sprint direct connect. buy one get four free for your business. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most
CNN
Apr 15, 2012 3:00pm EDT
that? >> i want to serve the people. when i said that in china, i suddenly realized, that sounds communist. i'm not communist. it's universal. we are the people, we control the country. we ought to control the country. and all of these risk management institutions have to be broadened. so you mentioned insurance on farmers' crop or weather insurance. that's something that is not for the afraid as well as it should. and especially outside of the u.s. people will die because their farm has a drought. and that can be insured. we're moving, the world bank, for example, is promoting that kind of thing. it's a slow process, and people have to get more enlightened about it. >> let's do exactly what you just said. take that to someone who understands that in the audience. bob just explained that a financial innovation tool such as farmer's insurance could help people survive in countries like in africa. do people understand that? that's a financial innovation that saves lives, potentially. >> good discussion, guys. good to see you, as always. bob, thanks for being with us. robert shiller
CNN
Apr 3, 2011 3:00pm EDT
discussion. >>> hey listen, one of the things we talk about a lot is china and india. you've heard about all of those american jobs that have headed overseas. stick around to find out why asia's economic growth could mean more jobs here in the united states. i need pain relief that won't mess with my grip. [ male announcer ] icy hot no-mess applicator. wherever you hurt, it massages in icy to dull pain, hot to relax it away. no pain. no mess. if you want to build a healthy heart, it's about being active and it's about putting the right fuel in your body. it's that simple. and here's the good news -- it's never too late to start. quaker oatmeal is proven to help lower cholesterol. it's a staple in my diet. in fact, it's the only cereal i eat. it powers you up and it makes you feel great. are you eating quaker for breakfast? ♪ >>> every month on this weekend the first weekend of the month, we discuss the unemployment report for the month before. this is when we get the new numbers. we have them from march. let me show you the chart. for the last year, the picture has been improving latel
CNN
Sep 24, 2011 10:00am PDT
do something about energy and china when he was campaigning. he promised us thousands of green jobs. he shut down drilling in the u.s. he simple hasn't aktd. that trade debt is choking the economy, there's not enough demand for what americans make and the economy doesn't move forward. >> he doesn't have a compliant congress, specifically the house of representatives. >> that's true. the reason he doesn't is because he squandered his first year. now as a consequence, the country elect add congress that wants a change in direction. the congress for its part doesn't seem much capable of providing it. to say mr. obama is alone in getting us out of this mess isn't fair. the republicans aren't providing a path either. >> the author of "it takes a pillage" an epic tale of power, deceit and untold trillions. welcome. the public gives president obama trouble on the economy. only 9% said better, 37 made it worse. 37% said he made it worse. is the president a victim of the economy or has he exacerbated here. >> certain policies haven't made things better. on the other hand, it's because those
CNN
Nov 6, 2010 1:00pm EDT
, using our house to meet new clients in china. for reals, player? [ woman speaks chinese ] they overheard a phone call. [ speaks chinese ] something about shipping with fedex to shanghai. and then you opened a bottle of champagne. that was for a science project. [ man and woman speaking chinese ] i'm late for...soccer... rehearsal. [ man speaks chinese ] you and i are cool? i'll be home by curfew. [ male announcer ] we understand.® you need a partner who can help you go global. fedex. that's not how successful investing is done. at e-trade it's harnessing some of the most powerful yet easy to use trading tools on the planet to help diversify, identify opportunities, take action. it's using professional grade research and your brain to seek maximum returns to reach your goals. it's investing with intelligence and cold hard conviction. you made the money. you should have everything you need to invest it. e-trade. investing unleashed. >>> unemployment is at the same level it was in september, 9.6%. but in october the economy did grow by 151,000 jobs. still there are almost 15 mill
CNN
Apr 7, 2012 10:00am PDT
above it. a notable oil producer. the u.s. is no longer buying oil but china and india is. the strait of hormuz is a narrow strait through which one-fifth of the world's oil passes. that straddles iran. iran has from time to time threatened that if anything goes wrong, anybody attacks iran, israel or u.s. attack iran, they may close off that strait of hormuz. now, americans are already paying 20% more at the pump for gasoline this year. let's bring the panel back in. ken joins us again. ken, when it comes to this recovery, what is the bigger threat? is it oil prices, europe, something else? is it neither? >> i think europe is the more uncertain threat. i'd have thrown in china by the way. that's the huge economy slowing down. the big picture is that there's still a lot of debt, household debt, other debt in the economy that's going to take a long time to come down. there are a lot of areas where wages are still too high. stephen said the fed has put the economy on crack cocaine, too easy, monetary policy. i don't want to say ben bernanke should be passing out candy in the schoolyard b
CNN
Nov 27, 2011 3:00pm EST
language of money is entirely global, whether here in china, germany, anywhere else. understanding this new world order of money and its effect on you is critical. we're going to explain in just a minute. >>> make sure you get on twitter to talk to both of us on "how to speak money." if you have questions, tweet us and we'll help you become fluent in the world's most important language -- money. m getting new insurance. marjorie, you've had a policy with us for three years. it's been five years. five years. well, progressive gives megan discounts that you guys didn't. paperless, safe driver, and i get great service. meredith, what's shakin', bacon? they'll figure it out. getting you the discounts you deserve. now, that's progressive. call or click today. just a second. just, just one second. ♪ what are you looking at? don't look up there. why are you looking up? ♪ get outta the car. get outta the car. ♪ are you ok? the... get in the car. get in the car! [ male announcer ] the epa estimated 42 mpg highway chevy cruze eco. for wherever life takes you. outhwash, toothpaste and m
CNN
Oct 23, 2011 12:00pm PDT
a relative closing of the gap between the united states and indias and chinas. that's a great thing. we move up but they move up faster because they are coming from behind farther. what we want to avoid is absolute decline where they move up and we move back. there's no reason that has to happen. it can happen. what we have written our book about is how to get around that. >> this thing around us is globalization and for many people you are the person who has defined that term because of writing you've done on it. let's put that aside for a second, the whole concept we're each other's clients, we're each other's vendors and the world is flattening out a little whether we like it or not. one of the reasons americans feel we're in decline is we have lost some jobs not just to outsourcing but technological revolution where more is automated, takes fewer people to do the same amount of work. >> well, it's a very good point. a friend of ours always likes to say most jobs, remember this, aren't outsourced to china or mexico they are outsourced to the past. we used to have a receptionist a
CNN
Jun 27, 2010 3:00pm EDT
. economic recovery, and also china. an issue that may have been pushed down on the agenda a little earlier this week from china. >> yeah, that they are going to let their currency move but just a little buiit. is it going to be enough? the president arrived in toronto this weekend with a major victory in his back pocket, an overnight deal on financial regulation that took a year and a half to get done. >> that's right. christian freeman, ken rogoff and amanda lang, cnbc business correspondent in toronto. let's start with financial reform here in this country. an overnight deal that took a really long time to hammer out with an awful lot of horse trading. let's hear what the president had to say as he head to do toronto. >> we are now on the brink of passing wall street reform. at the g-20 summit this weekend, i'll work with other nations not only to coordinate our financial reform efforts but to promote global economic growth while ensuring that each nation can pursue a path that is sustainable for its own public finances. >> talking about the president trying to tie the victory he
CNN
Jun 16, 2013 12:00pm PDT
china. unrest over harsh cuts in greece. from extreme greed to extreme fear. concerns over a global recession already creating volatility for investors. this week saw the biggest single day decline on the dow this year. >> i would give our economy a b to b plus. >> the other guy getting a d is dragging us down. >> why might you not be feeling optimistic? housing prices on the rise. less unemployment numbers. but will the u.s. be dragged down by a world economy in turmoil. >>> want to bring in keith, ceo of risk management and michelle myers, from bank of america. let me start with you, keith. you say the economy gets a b minus. we could get an a. what makes you so optimistic. how do we get that a? >> if we did more of the same, it would be awesome. a b plus could be an a. an a is what it is relative to the world already. to get a stronger dollar would be my number one choice. perversely to have a strong dollar we need to get ben bernanke out of the way. the thing that scares me the most is him not getting out of the way. if you get him out of the way and the market is trying to get
CNN
May 11, 2013 6:30am PDT
like bangladesh, and now bangladesh has taken over as the lowest labor force after china, where gradual reforms has meant the chinese laborers have seen their wages rise to a certain extent. now retailers are flocking to bangladesh but consumers are conscious, corporate social responsibility is something we know about and we have been reporting and involved in fair trade in many items around the world for the last many years, coffee, other food items, textiles and the like. so this is something that can be expanded and can be done in places like bangladesh, and i think the american consumer, the western consumer will be prepared to pay a few more cents, maybe another $1, something that may be little for them but make a material difference to the retailers and to the safety in that part of the world. >> as long as you know that your extra 50 cents is not going into the pocket of a corrupt politician but into the pocket of a person who is feeding a family. i think this is in 20 years of covering globalization, cristiane, i will say this is the lug iest, ugliest downside of globali
CNN
May 3, 2014 11:00am PDT
selling x-box one in china t. world's most populous country lifted a 14-year ban on gameing consols. china's government feared video games could lead to violence and moral decay. watch auto net flicks, yahoo, aol and x-box will debut original online program in the year. they have signed on james franco, katie holmes and james buschemi. coming up, donald sterling may go to court to fight for ownership of his nba team. but can the court of public opinion and his owners legally force him out? the business of behavior next. ♪ . >>> no matter how reviemed donald sterling is, he is a wealthy man. he bought the team in 1981 for $12 million. it is now valued north of $575 million by some estimates for some expecting the team to sell more than that. wealthy celebrities are voicing their interest in buying the team, boxers, floyd mayweather, oscar de la hoya. when donal sterling bought the team. he signed on that this the constitution and bylaws of the national basketball association. this was kept secret, until this week when the leak released it. now, give the nba commissioner brought pow
CNN
Aug 17, 2013 11:00am PDT
investors, buyers from china, canada, south america, pumping up recent housing data. average americans may be getting priced out. in the second quarter, when you look at this, more than two-thirds of all the homes sold in the u.s. were affordable. for families making $56,000 a year, that's the median u.s. income. but you can see how that affordability is falling. next, the labor market. nearly 5 million net new jobs have been created near the end of the recession four years ago, but look at the jobs that were lost. mostly middle wage jobs right here, and the jobs we're creating, mostly lower wage positions. and finally, cute but costly. children. for a middle-income family is costs $241,000 to raise a child. that's from birth to age 18. that cost has surged 23% adjusted for inflation and includes things like housing, food, health care, as well as toys and computers. those of you in the northeast are probably going to pay even more of that. out west, more than that average. america's rural areas getting a little bit more of a break. mark morial is the ceo of a company yielding nearly $2
CNN
Feb 7, 2010 3:00pm EST
our own richard quest, and of course, ali velshi. you know, if china and the u.s. were a couple, valentine's day would be anything but happy. that's because our diplomatic relationship has been a little tense, more so than usual. there's the $6.4 billion arms deal the u.s. cut with taiwan, the chinese don't like that. there's the anticipated u.s. visit by the dalai lama. they dona't like that either. and then there are some ongoing trade disputes. so basically we have nothing in common and are are just married for the money. >> unlike so many people in the world. >> exactly. i think we have a lot more in common this year than we think. truth be told, i think a lot of this is window dressing. and it's the saber rattling kind of stuff that's been going on forever. the truth is, since the yuan is pegged to the dollar and since their trade deficit is all pluses for them and all negatives for us, even if we play around the edges, even if we bump stuff up $40 million a year, it's still never going to touch the edge that they get, that they have. >> richard quest, it's interesting, bec
CNN
Jul 7, 2012 10:00am PDT
workers, the u.s. was falling behind. while china was building world-class infrastructure, the u.s. was crumbling. while germany was establishing itself as the factory floor of the western world, the u.s. was losing ground. we already had a consumption-based economy. we just made it bigger. people felt good. they kept up with and in some cases overtook the joneses. this economist is a distinguished professor of finance at the university of chicago, former chief economist with the international monetary fund, and he blames politicians for making easy credit available to their constituents thereby masking that growing income disparity. that's the inequality debate you hear so much about these days. thank you for joining us. tough cutbacks have not worked in europe. we've got unemployment in the eurozone of more than 11%. much higher in some countries. and many argue that the solution is more government spending. the point of which is to create employment enabling consumers to spend more and continue to access credit so europe can consume its way out of this recession. what, if anythi
CNN
Apr 11, 2010 3:00pm EDT
to loan us the money, we would then be in a very tough situation. >> so if china, among other countries, our bankers, and china is a method of key policy, joe, sometimes it seems we lose choices on the domestic policy or foreign policy front when you owe someone else so much money. >> right. you lose clout. you lose the ability to determine your own future. and you either have to raise taxes or you have to let your currency to value. something bad is going to happen. there is really no consensus in the green room on that question, but we did throw it around a bit. >> bill bradley? >> well, china is the world's greatest saver. we're the world's greatest consumer. so, they lend us money to buy goods. they give us jobs, we get debt. and the debt gets bigger and bigger and bigger. so if we want to control our own destiny, we're going to have to save more, and the quickest way you can save more is by reducing the federal budget deficit. and that's what the american people have to understand. every time they pay taxes, the first place their tax dollar goes is not for defense or for
CNN
Aug 21, 2010 1:00pm EDT
. we ought to recognize that the yuts is in a global position. we saw a story this week that china now has surpassed japan. they have our sights on us now. we got to get this budget under control. we have seen $1 trillion increase in spending. we have to get america back to work again. >> you have to give me credit, i tried to trick you into saying some tax increases would be okay. we did some polling here, i want to show it to you. this speaks to what steven was saying. the economy, 56%. everybody thinks it is the biggest issue to deal with. unemployment and the deficit are tried after those. terrorism comes in third. so the bottom line is we need to fix the economy. if it could be determined that raising taxes on the rich were somehow to help the economy, would that make it easier for the democrats to sell? some people think you should raise the tax cuts on the rich. >> lot of people think that. no one is saying that taxing the rich more will stimulate both. what is clear is raising tax revenue is necessary if you want to run a government which americans do want. and the big ques
CNN
Feb 5, 2012 3:00pm EST
issues like iran to china slowing down to the eu. these things will impact not only how the economy goes but how people vote. >> what a great way to get into our resident european. i will tell you, richard, there is even some theory, it's just been floated by a few people, that if our growth continues to be as strong as it is in the united states, rather than worrying about europe sucking america down again into another recession, it might be the other way, we might be able to help you folks out. how can we help you, richard? you need it. >> hey, hey, hey, one at a time, please, one at a time. look, i don't think you're going to be able to. i think with the euro zone and the european union being the second largest or the largest in the world -- >> we'll run with second largest. >> all right. there's nothing you can do about it because the problems in the eurozone are so deep, and they threaten to get worse and they threaten to get worse before they get better. and, and before you all start beating up on me, your growth is fragile. >> absolutely. >> there's no depth to it. >> we're sittin
CNN
Jun 11, 2011 1:00pm EDT
reason is china. china is getting rich. india is getting rich, as the emerging markets start living more like people in western developed countries, they are consuming more energy. and fossil fuels are going to run out at some point. so prices are going to go up. it's your classic supply and demand. >> or look for them in places where it's more expensive. in the united states, consumption of oil has been relatively flat over the last decade. people say if you conserve, it will bring prices down. it's not about us. >> right. and we've been more efficient in our consumption of -- not alcohol but of gasoline -- maybe alcohol, too, over the past decade or so. but whether you're a company or president of a company or the president of your household, emerging markets are on fire and oil prices are high and could go higher. if they go low, good, good. but if they don't, you need to be prepared for it. i think this is the theme song of the next decade. >> it's the new normal. >> it makes me want to pull my hair out and yours when i hear people angry at this president or the last one about g
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