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We should mention that the euro actually hit its lowest level in two months of 1.40 versus the dollar. let's look at where it's standi standing. it's still at 1.4035. the currency when it comes to the u.s. dollar, the pound, 1.6156. 82.03 for the yen. andrew. >> not much of a day across asia. there's still concerns about the overriding situation in europe, what's going on with the u.s. economy and what's happening in china as well. that's how markets ended down this day. shanghai down 0.9%. there's more and more talk about the stagflationry picture in

A consequence of not drilling in the gulf and drilling in other places. the white house has misplaced its emphasis. >> peter, some say -- other energy watchers told me you need to have sustained gas prices above $4 before it's really going to hurt the consumer. you think we could have a second recession at this level of gas prices? or you think we have to have higher gas prices than this? >> the thing is, hurt the consumer. what does that mean? every time you pay more for gasoline, you have to take money out of savings, people don't have a lot of these days, or they have to divert purchases fr...

Bhp, financials like old mutual and prudential. and normally these would be fairly significant events in the market. but i think as you're saying it's going to register as a slight blip. and it's all still going to be dominated by oil. of course, on the other -- the bigger economic side of things this week, thursday's a big day. we have the ecb's latest monthly report, and i think based on the noises that have been coming out of europe in recent weeks, strongly hinting at a rate rise to come in april. i think that's going to be fairly closely scrutinized. and then, of course, as the bank of en...

1.40, it's come back from there, 1.3975. and, so there's a little bit of a selloff, money coming off the table in terms of the euro. let's have a quick look at the japanese yen there. 82 to the dollar. andrew? well, speaking of money coming off the table. charles, a down day across most of asia today. shanghai backed the trend and healthy too, up 1.9% as fears to move to limit inflation receded. now, it is now at a near four-month high. meanwhile in japan, the nikkei was down on the combination of political scandal. more on that later. and the continued high price of oil amid these concerns ...

They think it went too far. it's too much. >> right. >> the poll says 43% of americans say, no, it didn't go far enough. we want you to change it to make it go further than it goes right now. there's a big chunk of the people who oppose the bill who think it should be doing more, not less, than it is doing. and, in fact, what they're doing is making a big political mistake, i think. >> all right, pat and then donny. >> i think you're -- take the other poll you've got. basically, i think it's 41/40. those are the folks, and many of them believe intensely, and the republicans promise they would ...