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Heat for three weeks. food and water is scarce. frustration is not. tempers and temperatures boiling. >> if this is europe, we're going back to syria. >> people are having to buy water. and they say conditions here are inhumane. >> this is true. i mean, this is true. the conditions are unacceptable. >> the u.n. says all this is shameful but there is no sign of it ending. greece cannot cope. thousands arriving every day. this boat with refugees from afghanistan fleeing not the taliban but a new threat, isis or dash. >> dash is coming up in afghanistan and it is huge. >> isis. >> isis, yeah. >> ...

I got it. >> does anyone want to point out that scherenschnitte is not even an english word. it is a german word. >> i looked at the past winners who were doing this since the 30s. the words were so easy in the 30s. now this is a crazy competition. >> it was like "gum." >> it was. >> is there a b on the end? >> no, that's how a guy lost. >> i don't like it ending in a tie. they should keep spelling until they fall over in exhaustion or lose. >> did they do all of the words? was every word in the dictionary done? there are more words. keep going. you don't -- it is likening the stanley cup in a...

I got it. >> does anyone want to point out that scherenschnitte is not even an english word. it is a german word. >> i looked at the past winners who were doing this since the 30s. the words were so easy in the 30s. now this is a crazy competition. >> it was like "gum." >> it was. >> is there a b on the end? >> no, that's how a guy lost. >> i don't like it ending in a tie. they should keep spelling until they fall over in exhaustion or lose. >> did they do all of the words? was every word in the dictionary done? there are more words. keep going. you don't -- it is likening the stanley cup in a...

Outside of the city, go back and rediscover our roots from the cold war. we didn't prepare ourselves to deal with the red army and the soviet nuclear threat. we looked it and challenged it. we see it not just in the middle east but in boston, ottawa and now sydney. so the idea that we are going to find people with a voice in the debate within islam and push back with all the tools of state craft, not just drones fighting a supposedly sterile war a world away. >> we're happy to hear from those folks. we want to break down now the timeline of how this has unfolded. the hostage seige in austral...

It might taper down to 65 as soon as september. >> currently it's 85 billion a month. i don't think it's going to be september. i think we should expect something in terms of a formal shift somewhere in the fourth quarter. november, december. i think it's coming this year, at least the initial steps. >> thank you very much. i just want to remind folks that's been the markets a view. the federal reserve is going to be there, the big backer of everything that you have been seeing going on, and all these -- they would always provide the nicotine, the relief for the market. if all was in doubt the...