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this is cnn breaking news. we begin this morning with breaking news. a new crisis in the middle east, israeli and palestinian militants exchanging deadly fire near the israel/gaza border. they say it s in retaliation for ongoing rocket attacks into southern israel. triggered by an air strike that killed the top hamas military commander. sayre sara sidner is following the story. reporter: you can see gaza behind me. there has been air strike after air strike after air strike. we ourselves witnessed three air strikes, major hit. we could see fire and then three plumes of smoke. since then we ve been also seeing and hearing rockets coming over into southern israel. we now know there are three people who have died in israel in an apartment building very near, within a 7 kilometer radius of gaza in israel. we also know that at least seven people have been killed here in gaza and the air strikes are continuing. right now we do and we are watching the funeral happen, o ....
intensifying. new data showing that the economy slowed at a pace than originally anticipated. nasdaq starting off at a a closing high, and 14-year high. and the guidance says it is experiencing severe disruption from the winter, and gap suggest suggests gaap suggests it will fall more than expected. and on mad mad money last night, cramer talked about raising investments. and we will hear from apple s tim cook. and in the first full year results are lower after discovering fraud in the subsidiary in mexico, and they go into detail, jim. this is not a minor story, and i know that when you look at the big revenues of citi you say, so what, but this is a major client with a checkered history and it is a $360 million and they say, $230 million, but $360 million pre-tax the. okay. and you think it is important because you look at $360 million pretax fraud resulting in a $235 million after-tax writedown and it gets complex. it is complex. but related to tr ....
that s former secretary of state hillary clinton discusses recent international affairs including china and the syrian civil war. she spoke with chatham director robin niblett and was awarded the 2013 chatham house price for her contribution to international diplomacy and her work on gender equality. from london, this is about an hour. [applause] [applause] ladies and gentlemen welcome to chatham house. thank you very much for joining us today. before anything else as i said secretary clinton please make sure you have your phones on. it would be ashamed to be peeping through this and it would be a shame also for you to interfere with the microphones to please make sure you have them switched off. i don t usually say it but please don t walk out on me. [laughter] he will be spotted if that is donegal. now let me say it s my great honor to welcome hillary rodham clinton to chatham house. welcome to institute. it s a pleasure to welcome you here not just have a con ....
work on gender equality. from london, this is about an hour. [applause] [applause] ladies and gentlemen welcome to chatham house. thank you very much for joining us today. before anything else as i said secretary clinton please make sure you have your phones on. it would be ashamed to be peeping through this and it would be a shame also for you to interfere with the microphones to please make sure you have them switched off. i don t usually say it but please don t walk out on me. [laughter] he will be spotted if that is donegal. now let me say it s my great honor to welcome hillary rodham clinton to chatham house. welcome to institute. it s a pleasure to welcome you here not just have a conversation with us but as winner of the chatham house price 2013. [applause] thank you very much. i just want to say what i like about our prize even though airport gets sometimes a little nervous is that it is from a selection of candidate ....
mauney view is that europe is going to continue to constitute the primary press to the global economic recovery in the year ahead and i simply don t i can understand the reasons why they want to be optimistic but i don t think that there is a real basis for being as optimistic as the europeans are on their economic outlook. thank you. thank you, desmond. chris? thank you, alex for sponsoring this interesting session that we have been having for quite a few years. i think it is extremely important to note how much time has gone by since the break in the house in housing bubble. i m going to comment on the housing side what is or is not happening in the banking sector and then finish up talking about the fed and some of the objectives of qualitative easing. the reason is one of the three criteria is in keeping interest rates so low is to encourage credit creation. the mortgage industry traditionally has been the primary, a year built for monetary policy. a drop ra ....