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expected earnings and upbeat guidance. speak fing of which, david has exclusive interview with the ceo, meg whitman. yesterday's capitol hill testimony by bernanke an the fed minutes combined to spark concerns the central bank might begin to scale back its bond buying program later this year. china pmi falling in may to 49.6 from 50.4 in april. the number below 50 marking contraction for the first time in seven months. how much damage is being done today, jim? what does this open look like to you? >> when you get up in the morning and you see down 7% for japan. japan was up 1.5% be...

taxes in korea. build a car in the u.s., we cant rebate the taxes under thescurrent laws and when the u.s. car gets to the border of korea, they pay a 10% tax. we'll export autos to korea if they're 20% cheaper than those produced by cheaper labor in koa, not very likely. but let's sa we could. if you buy a u.s. car and you're a korean citizen, they'll audit your taxes. most employers do not allow owners offord automobiles, which are mostly luxury automobiles over there, there are very few foreign automobiles, to have parking spaces at work. and korea does not buy very many cars. the...

before, and i got there and i worked my head off. i spent all the time in the library or playing football or wrestling. and never did much other than that. there were no women in the school. it rained a lot. [laughter] not my first choice. and joyce, white -- my wife year was at the university of colorado scheme their way through college. it was a totally different experience for me. >> and you also heard a little talk by a princetonian who would run for president, and nominated once said it's not in the book, but until you actually know some of those words almost by heart. >> i do. ...

-- damages they've done. which they've agreed to, by the way. let's talk about another issue that in texas at least is on our minds 24/7. and that's the issue of what's going on at our borders. president obama made a speech about 10 days ago that specifically raised this issue of immigration. and he talked about, we needed to do a comprehensive immigration plan and that we were defending our borders better than we have ever defended them ever. that we've improved the situation greatly. in the interest of fairness, i would argue that maybe he should have mentioned that the day before ...