>>woodruff: all right, we're going oleave it there, david madland, and stephen moore, we thank you both. >> ifill: next, we take you to the asian nation of myanmar, also known as burma, where some farmers are paying a heavy price for the country's emerging economy. special correspondent kira kay reports. >> reporter: the first drops of the rainy season have fallen on mya hlaing's rice paddies and it is time to plow and sow. the rice will be ready for harvest in november. mya hlaings land and the village that abuts it were settled by his forefathers, while myanmar was still a british colony. >> ( translated ): i have been living in this village since i was born. even my great grandfather lived here. when i die, i wish to die in this village. >> reporter: but on january 31, mya hlaing came home to find an eviction notice nailed to his wall. the myanmar government had entered into a major development agreement with a consortium of japanese companies, like mistubishi, that will include high tech, food and textile factories. for impoverished myanmar, this means lots of jobs and a surge of tr

>>woodruff: all right, we're going oleave it there, david madland, and stephen moore, we thank you both. >> if ne ke you to the asianationf myanmar, also known as burma, where somee for the country's emerging economy. special correspondent kira kay reports. >> reporter: the first drops of the rainy season have fallen on mya hlaing's rice paddies and it is time to plow and sow. the rice will be ready for harvest in november. mya hlaings land and the village that abuts it were settled by his forefathers, while myanmar was still a british colony. >> ( translated ): i have been living in this village since i was born. even my great grandfather lived here. when i die, i wish to die in this village. >> reporter: but on january 31, mya hlaing came home to find an eviction notice nailed to his wall. the myanmar government had entered into a major development agreement with a consortium of japanese companies, like mistubishi, that will include high tech, food and textile factories. for impoverished myanmar, this means lots of jobs and a surge of trade and revenue. but for mya hlaing and his neig

bill: stephen moore, "wall street journal." thanks for being with us. >> thank you, sir. bill: we'll get back to martha now who is live in london waiting. martha? martha: weill tell you, the royal birth is not the only big thing that has been haing here in london. [shouting] >> phil mickelson, with a sunday to remember. at the open championship. [applause] at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. martha: folks in arizona are dealing with extreme cases of flooding. we're going to go to adam housley who is live in our west coast bureau with more on that. >> reporter: yeah, martha, monsoon season is in full effect in arizona. in fact yesterday was quite a busy day. the official number is nine people es rescued but those numbers could changed. good news there are no serious injuries at this hour we're told. a lot of people were stranded in a lot of areas in the valley of the sun

stephen moore, as always, thank you very much. >> thank you, gregg. gregg: in the meantime, new numbers showing president obama's approval rating has taken a serious dive since his re-election. coming up, we're going to speak with brit hume about what's really behind this decline. >>> plus, the defense in the george zimmerman trial getting its first full day right now on the witness stand a former coworker of zimmerman. the trial is streaming in full on foxnews.com. out there owning it. the ones getting involved and staying engaged. they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. gregg: new questions about whether a big political victory is what president obama needs to jump-start a second term that seems at times mired in scandal and controversy. six months into his re-election in recent fox polls showing that his job approval is sl

all right, thank you, stephen. >>> all right, let's take a look at the 10 year. the yield had come down slightly from earlier this morning. actually at 2.694%. the yield is slightly below where it had been, there are headlines it had picked up some speed. i think it reached the high of 2.73%. we will continue to keep an eye on this. this is the market traders are watching most closely. >>> when we come back, it's one of cnbc's top business list. scott cohen is here to crack the top ten. he's been teasing us with where it is. we will try to physical it out when we come back. [ agent smith ] i've found software that intrigues me. . . >> welcome back to "squawk box." the dow opposite up at 87 points higher t. s&p up 10 points t. nasdaq we'll call it 18 points. >> we are kicking off cnbc's annual business series. scott coenjoins us with more. we are already trying to figure out where you are. i saw the video you posted this morning. it did not help me out. >> you know, you can look throwsly for a while, maybe it will help you out. mother nature has given you a hint.