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Would anticipate we don't need china to help with this. what's going on? >> there was talk president obama listed two or three most critical issues to the incoming president during the transition and there's a lot of speculation that the problem in north korea was right at the top of the list. i think he is responding to advice he got from obama. i think he has to indicate that he would like to do a cooperative program with the chinese they control the food flow into north korea and the chinese should be concerned because among the economic sanctions are sanctions on the banking process and no...

four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe's debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, almost this negative feedback loop we are on the verge of people being so worried and not able to b...

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