here at the state department in washington. he is offering to hold a second round of talks in his country in the coming weeks. but a key catch here is that a spokesman for president mubarak just told cnn's emily shultz that a key issue is this whole settlements question and that moratorium on new settlements that is coming up on september 26th. this egyptian spokesman basically saying, look, if the israelis do not extend that freeze on settlements, all bets are off, in the words of this spokesman for president mubarak. you see the promise and the peril. president mubarak said if this goes well, i'm ready as soon as next week to host the second round of talks in the region to keep this going. but at the same time, sending a warning shot that if israeli don't extend that moratorium on settlements this could fall apart. that's way as you noted, a lot hope, but also tempered by the reality. >> the egyptian resort of sharm