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Economic sense and don't panic all the time. that's the stock market. notice what john bolton said. he focused exclusively on china. i'm a free trader, too. i've been one all my life. when countries violate the free trading rules that we've all established, wto or any other agreement and when they steal property, of course you have to hit them where it hurts. so maybe we'll have a trade war. i don't expect it to disrupt trade indefinitely between china and the united states. i think that what has to happen is china has to understand that two things will happen. there's going to be balance and ...

President has been sensitive to. that another government has a comparative advantage or the government subsidizes the industry so the import can be brought and undercut our industry, drive it out of business and they are able to just raise the price after they've driven us out? we end up with higher prices anyway only we don't have the ability to battle back, what about that argument? >> we've got tools to deal with things like that. any country that is a remember of the world trading organization has agreed to trading rules and if they are violating those rules by subsidizing or stealing our ...

Of mistakes that people have been making over the years and for hillary clinton here's the deal. we remember -- you remember mark rich? remember what he was in trouble for? he got a pardon for bill clinton in the fleury of activity at the closing days of the clinton presidency he got a pardon because he was on the lam in europe for violating trading rules with iran. it was so serious big enough that he fled to europe and stayed there and somehow at the end of the clinton presidency got a very nice parteden deal. >> a deal by eric holder. >> eric holder checked off on it at the end which i'm su...

>> this is redrawing the battle lines. federal reserve is finalizing the important new rules under the law due this summer that will g.o.p. how big banks can trade the hybrid investment. many republicans want to roll back some or all offed to-frank. including the trading rules. saying they are burdensome and limit lending in a weak economy. the white house and democrats weren't on the offensive. the president's press secretary, jay carney, said that j.p. morgan trading loss, "only reinforces why it was so important to pass wall street reform. and why it's so important to fully implement wall s...

plan. activists say at least 26 people were killed wednesday in several cities. video posted online appears to show new shelling in the district of homs. the crisis in syria is expected to dominate the summit. ban ki-moon is there. an updated resolution on syria will be presented to leaders, but it will not call for president bashar al assad to step down. those are the top stories from cnn. i'm monita rajpal. "world business today" starts right now. good morning, from cnn london, i'm nina dos santos. this is "world business today" and these are the top stories this thursday. le...