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Manufacturing revival that we've now when you need it, obama has seen in almost a generation. not just in autos, and not just cut $716 billion from medicare. in high tech, but comprehensibly >> now, those were not benefit across that. cuts. we are showing american those were provider payments. companies very competitive and so if you're the president, why resilient, and companies are bringing back production from specify what cuts you're going china and mexico because this is to make in medicare if that's looking like a much stronger the treatment that republicans will give you? country in whi...

Looking quite resilient. if you look at what's happening in energy, enormous boom. in agriculture, even with the drought, you're seeing incredible levels of income to farmers, which is really welcome. in manufacturing, one of the strongest periods of manufacturing revival that we've seen in almost a generation. not just in autos, and not just in high tech, but comprehensibly across that. we are showing american companies very competitive and resilient, and companies are bringing back production from china and mexico because this is looking like a much stronger country in which to invest and bu...

Greg, that probably the only problem here is because there is no slack in the market. why is there no slack in the market? >> greg: why there are no slacks in the market? hagger slacks. i can't get them anyway. the big countries should have no problem with the embargo, because all of that green technology they have been working on will take care of it. don't worry about it. here is my theory we must employ. the sandcastle theory. you are on the beach and you don't knock over a kid's sandcastle until he is done building it. you just wait and wait until they have the nuclear reactors built and t...

for state hood. this hour, the president is expected to meet with palestinian authority president abbas. he held a separate meeting just a little while ago with benjamin netanyahu. let's bring in our chief white house correspondent, jessica yellin. she's covering this from new york. the president also delivered a major address before the u.n. general assembly. >> that's rig, wolf. the palestinians continue pressing their case here at the united nations and it was the most dramatic issue the president addressed in his speech today with repeated the theme, peace is hard. the president ...

We have a lot going on. 47 minutes past the hour. here's what you need to know to start your day. start with severe weather on the move right now, reports of tornadoes touching down and power outages across the midwest. this system now moving east. we'll get you an update on where it's headed. fire fighters from dallas are rushing to help out in that wildfire that has now tripled in size in just a day. this is about 70 miles from dallas/ft. worth. it's threatening 600 homes at this time. more trouble for toyota following last month's earthquake and tsunami in japan. the automaker is now sc...