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The american and chinese presidents are in meetings at the white house. president hu arrived in all the grandness, his first. president obama treats him to a lavish state dinner tonight. and later today, meeting with business executives. already, officials reporting a $45 billion export deal for the united states. china's way of doing things is a lot different than americans. perhaps the most noticeable is parenting. yale author amy chua has set up a firestorm with the new book "battle hymn of the tiger mother." chua took a hard approach with her girls. no sleepovers. no tv ever. no computer...

United states. now, you will notice president bush did not offer him a state dinner. frankly, i'm a little -- i don't understand the thinking behind the president obama giving president hu jintao a state dinner. >> bill: i will tell you why. they signed a 45 billion-dollar export deal. >> no, no, no. >> bill: going to lead to 235 jobs in the u.s.a. that's why he gave him a state dinner. >> first of all, the chinese -- the chinese periodically pop up and buy american goods. they timed, this look, think about. this i gave you the numbers earlier. $334 billion of imports from china and $2 billion...

The last u.s. visit in 2006 when something called state honors were not extended. now these two leaders quickly got down to business. business presumably was top of their agenda. the oval office doors had barely closed when we got word of a newly signed u.s. export deal or various deals worth $45 billion and more than 200,000 u.s. jobs. now as we speak, the presidents are wrapping up a meet with u.s. and chinese business leaders. major u.s. ceos, one of whom will join me live in the next hour to tell us what they talked about with the two presidents. tomorrow, president hu visits the only othe...