we've been all over london. we've been taking boat tours, we've seen big ben, i went on a double decker bus tour with somer sanders, yesterday eating in the nbc -- it almost looked like a sports center kmishl. one of the other things we've been able to see is the check-in process for the olympians. there are over 10,000 athletes competing. when they get here, you have to check in. you have to get fitted for all the gear you're going to see in the opening ceremony. part shopping spree and part fun for these guys. >> this side this ordinary building in east london is an extraordinary site. some of the biggest names in the world are here to shop. >> first things first. head on over to follow the pony to ralph lauren. >> reporter: no credit cards and no cash. this is pure swag. and it's mandatory. you want to represent your country? get dressed. even if you're a two-time defending olympic champion like kerry walsh. >> i'm older and experienced. i'm not bouncing off the walls. >> now i'm trying on the outfit and doin

hey, london, have you meet the queen? >> reporter: not yet. but the brits did ask will to carry the olympic torch on its procession to this summer's london games. he's come a long way since his loving mom sent him clean across l.a. every day to get a great education. >> every since i was 7, i was shaking on the bus, going an hour away from home. >> reporter: you were coming home to -- >> a floor at night. we slept on the floor. >> reporter: the video for "i just can't get enough" gives a flavor of his life today. he sleeps in first class and in hotel suites. i'm not sure how he finds the time to close his eyes. i'm nick watt for "nightline" in london. >> you can watch will.i.am performing in the concert for the queen, a diamond jubilee celebration with katie cor

morgan london manipulating the c.d.s. market altering people's perceptions of risk in the credit markets we saw the same thing with the libel rate altering people's perceptions of risk in the in the credit markets now clearly bank of england the u.s. federal reserve bank the central bank of europe they don't want people to perceive there could be any risk but they don't want people to perceive there's only inflation so they keep interest rates near zero percent that's part propaganda meanwhile energy and food are going through all time highs now people say well what's the difference if they're manipulate the price of the upside of the downside they're still making money the difference is that at the end of the day they're flooding these markets with currency and causing massive inflation and loss of purchasing power and negative real interest rates and lending to people like in athens who are blowing their brains out thank you blight master you murder her you put a bullet the guy's head clive ok now when you take so to fi

russia is counting on the athletics team for success they'll be heading to london with one hundred nine strong team three more than in beijing four years ago and they'll be accompanied by forty nine coaches and staff think your chances today explain the you're the teeth of chances and approximately six and go for. this especially in the wins so to new moon says remembrance rising star because it will also be heading to london after some truly surprising results early in the air and despite being modest because arena is as excited as anyone heading to their first olympics minister buttoned up course i'm thinking about it i'm also still very young and my opponents will all be so mature and experienced but i'll be trying my best but i think many eyes will be on the four by one hundred meter and four by four hundred meter relay races russia managed to win gold and silver respectively in these two events back in two thousand and eight and despite the added pressure some are still just happy to be a part of the person to get them it's a celebration for any athlete to be a part of history a pa

hey, london, have you meet the queen? >> reporter: not yet. but the brits did ask will to carry the olympic torch on its procession to this summer's london games. he's come a long way since his loving mom sent him clean across l.a. every day to get a great education. >> every since i was 7, i was shaking on the bus, going an hour away from home. >> reporter: you were coming home to -- >> a floor at night. we slept on the floor. >> reporter: the video for "i just can't get enough" gives a flavor of his life today. he sleeps in first class and in hotel suites. i'm not sure how he finds the time to close his eyes. i'm nick watt for "nightline" in london. >> you can watch will.i.am performing in the concert for the queen, a diamond jubilee

hey, london, have you meet the queen? >> reporter: not yet. but the brits did ask will to carry the olympic torch on its procession to this summer's london games. he's come a long way since his loving mom sent him clean across l.a. every day to get a great education. >> every since i was 7, i was shaking on the bus, going an hour away from home. >> reporter: you were coming home to -- >> a floor at night. we slept on the floor. >> reporter: the video for "i just can't get enough" gives a flavor of his life today. he sleeps in first class and in hotel suites. i'm not sure how he finds the time to close his eyes. i'm nick watt for "nightline" in london. >> you can watch will.i.am performing in the concert for the queen, a diamond jubilee celebration with katie cor kur

morgan is set to report earnings tomorrow they're expected to post up by billion dollars london whale trading loss that's more than was originally reported this as a press report comes out showing that regulators at the new york fed they did a major shake up in the bank during two thousand and eleven that could have caused them to miss this risk now we have plenty of evidence there regulators have failed the question is what to do about it especially as banks appear ready and willing to commit fraud to take risks we'll ask chris whalen senior managing director at tangent capital partners plus you could call it man versus machine we'll take a look at how high frequency trading and computer algorithms have impacted the stock market and the human floor traders who have a very special new york stock exchange word of the day with help from floor traders stephen guilfoyle plus in loose change producer dimitri kofi miss joins me in taking on the walls three gold taken up by the not exactly horns but you'll see let's get to today's capital account. all right so the new york fed replace virtua

rio's infrastructure is not as good as london's. we'll have less time than you had to learn how to operate it. so it's going to be an even greater challenge. >> this is g.m.t. from "bbc world news." our main story, london says farewell to the thousand of visitors they've hosted over the past two weeks as athletes and spectators begin the great olympic getaway. now, the head of the international olympic committee closed the london olympics by saying the games had been happy and glorius, words carefully chosen from the u.k.'s national anthem. now the long-term legacy of the olympics is firmly in focus, bearing in mind that the motto of london 2012 will inspire a generation. reports on the plans to keep that promise. >> when you think that $14 billion have been spent on these olympics, it comes as something of a surprise that the star of the show has been mother nature. these flowers have all been built in as part of the structure, so every spectator who's come to these games will go away with a memory not just of great supporting achi

peters from occupy london by me calling for more people in london and david graber from occupied new york so i want to put this program in really sort of two parts the first part so i want to understand how occupy came to be. sort of people who are involved political background for organizing it and conducting its affairs and spreading it and then look into where it's going to go. david where where do you think this movement came to eventually cause you'll be patient zuccotti park and then spread out to the rest of united states or i think there's been sort of a global movement that i'm in i guess it's sort of in tunisia and sort of swept across the mediterranean greece spain was really the same movement that hit america there out of people from greece and spain who were involved in the very early days and even before the occupation of parking or putting it together so that i think there's really a global ferment alexy you are involved in this us day of rage back in may two thousand and ten but did you see that as as the time of during into sort of. this transition from cyberspace to

let's good to mike mcmickalson live in london. a reminder to viewers that may be a small satellite delay. michael, are you there? [laughter] >> i hear london. >> what's the latest on this belgian athlete? [laughter] >> did you know that john claude van damn d is from belgium. >> what being the cyclist? have belgian officials commented at all? >> greg, some of you should know, -- >> mike, did you look up jean claude van damme. >> he played the role -- >> did you do any reporting on the olympics today? >> that's it from london. back to you guys. >> i'm sorry. [laughter] >> you really did take niagra falls out here. it's amazing. >> she's crying. >> oh, my god. that face. >> you are weeping. >> ruining the makeup. >> you look fine. >> adorable. >> i don't know where to go. it's talk about the article in the green room you told now you agreed completely with this circus man. >> what's his name again? awful name. listen, only girls change -- i'm going to be honest with you. for years olympics have been known for the strongest looking c

>> i don't think this activity was in london because regulatory activity was less in london and most of what we do in london was european companies. >> well, what are the lessons you have learned from large financial institutions going forward? is there any way to ensure against this type of loss where a trader is forced to hedge the hedge and cover losses that led to more losses? is it possible to ensure that legitimate hedges never morph into something else? >>. >> it's not possible to ensure we won't make a mistake. hopefully they're small and few and far between and hopefully not life-threatening. we in this one area we failed to have the gran all limits and the review that we should have. we believe it's not true, and we fixed the problem. >> and where the risk limit rules raised while the loss-making position was in the books? no, sometimes, they're triggered and they ask for further focus and we heard about when the limits were hit. so do they raise them? they do get raised, yes. >> and why were they raised again? >> i think sometimes they do get raised so you don't know why t

let's go to the london right now and nbc's tracie potts. and tracie, it looks like it's beautiful out there. starting, rather ending the way it started. and you'll be watching the big events in this last day of competition. what do you expect, what, what, what are we going to see? >> right. well, you know, we've got 15 more medals to be awarded today on men's water polo, although the u.s. isn't that one. but we've also got americans in the modern pentathlon, in the men's marathon, which is having a huge impact because it's closing some streets and transportation. we've got wrestling where the u.s. won a bronze yesterday. we've got more of that today. but the big one that you mentioned, for the u.s., is going to be men's basketball. the u.s. men's basketball team versus spain. this is another match-up, a rematch from 2008. the u.s. won four years ago. they're hoping to win again. spain has not won the gold ever in this one, and so they're hoping to get the gold today. >> now, last night, some amazing moments, fill us in on some of the highli

some of that money in london went to the gambling tables in london. whether it was $2 billion lost or some multiple of that, that's why we're here. and i would hope that you would leave here dedicated to taking the money away from your london operations and lending it to small and medium size businesses. and if you can't find 100 in each one of our districts, we'll do it for you. now, i'd like to, without objection, put in the record an editorial by the wild socialist over at bloomberg. i assume there's no objection. >> without objection. >> they point to a study just published by the imf that says that your bank enjoys a $14 billion subsidy, that its cost of funds is some .8% lower because of the implicit federal guarantee. what we saw in 2008 is a belief around the world that if a bank your size was going to go under, there would be a bailout not just of insured depositors but of all creditors. that belief reduces your cost by .8% of your total funds is responsible for $14 billion. you are in a position where you are simply too big to fail. this rai

morgan is set to report earnings tomorrow they're expected to post up by billion dollars london whale trading loss that's more than was originally reported this as a press report comes out showing that regulators at the new york fed they did a major shake up in the bank during two thousand and eleven that could have caused them to miss this risk now we have plenty of evidence there regulators have failed the question is what to do about it especially as banks appear ready and willing to commit fraud to take risks we'll ask chris whalen senior managing director at tangent capital partners plus you could call it man versus machine we'll take a look at how high frequency trading and computer algorithms have impacted the stock market and the human floor traders who have a very special new york stock exchange word of the day with help from floor traders stephen guilfoyle plus in loose change producer dimitri kofi miss joins me in taking on the walls dream bold take it by the not exactly horns but you'll see let's get to today's capital account. all right so the new york fed replaces virtua

how many are in london? >> we have five individuals who reside or are housed in our london office. >> and they're responsible for how many institutions in london? >> they're responsible for any national bank that has a global operation especially with the presence in london like a london branch office. >> how many would that be? >> roughly a half dozen institutes. >>> how common is to have the risk factor outside of the united states? >> in this particular case, the risk office is actually housed in new york where the global operations of the cio office are housed, so from a supervisory standpoint, our focus in supervising that and other global issues is really directed from our resident team in new york. >> one of the impressions you get from reading the press is the cio office in london actually was -- had significant responsibilities with respect to the overall risk of the bank. in fact, the justification that's been publicly made is they were making -- taking these hedge positions, taking these investmen

morgan london manipulating the c.d.s. market altering people's perceptions of risk in the credit markets we saw the same thing with the libel rate altering people's perceptions of risk in the in the credit markets now clearly bank of england the u.s. federal reserve bank the central bank of europe they don't want people to perceive there to be any risk but they don't want people to perceive there's only inflation so they keep interest rates near zero percent that's part propaganda meanwhile energy and food are going to all time highs now people say well what's the difference if they're really the price of the upside of the downside they're still making money the difference is that at the end of the day they're flooding these markets with currency and causing massive inflation and loss of purchasing power and negative real interest rates and lending to people like in athens or blowing their brains out thank you ply for master you murder her you put a bullet the guy said clive ok now when you takes over the five hundred wha

peters from occupy london by me calling from london and david graber from occupied new york so i want to split this program in really sort of two parts the first part so i want to understand how occupy came to be. sort of people who are involved political background for organizing it and conducting its affairs and spreading it and then looking into where it's going to go. to david where where do you think this movement came to eventually cause the occupation of zuccotti park and then spread out to the rest of united states or i think there's been sort of a global movement that i'm in i guess it started in tunisia and sort of swept across the mediterranean greece spain was really the same movement that in america there out of people from greece and spain who were involved in the very early days and even before the occupation of parking or putting it together so that i think there's really a global ferment alexy you are involved in this us day of rage back in late two thousand and ten but did you see that as as the time of going into sort of. the transition from cyberspace to meatspace

morgan london manipulating the c.d.s. market altering people's perceptions of risk in the credit markets we saw the same thing with the libel rate altering people's perceptions of risk in the in the credit markets now clearly bank of england the u.s. federal reserve bank the central bank of europe they don't want people to perceive there to be any risk but they don't want people to perceive there's any inflation so they keep interest rates near zero percent that's part propaganda meanwhile energy and food are going to all time highs now people say well what's the difference if they're really the price of the upside of the downside they're still making money the difference is that at the end of the day they're flooding these markets with fear of currency and causing massive inflation and loss of purchasing power and negative real interest rates and lending to people like in athens who are blowing their brains out thank you ply for master you murder her you put up all the guys said clive ok now when you takes over the five

the line between london and paris was not a good line. the argument has been made by somebody last night. this is breaking the embargo. that's not a very that doesn't tell you that much and he didn't have time to dictate the story. so i have to understand that they didn't allow the back and forth of the home office that you have today. >> let me make a couple of points. whatever the terms were of the pledge, 18 hours passed. general eisenhower felt the need to get out the word. that the killing should stop. there was no question about the truth of the story. the authenticity and the fact that this was an unconditional surrender. once the story or the embargo was broken and there was repeated broadcast under many german communications methods that, enabled kennedy to decide it was time to go forward. kennedy could not call new york without going through the sensor. that group was out. i think you have to take a step back and look at this culturally. he did what he has done throughout the war. he was the guy who was on point. he operated by

morgan london manipulating the c.d.s. market altering people's perceptions of risk in the credit markets we saw the same thing with the libel rate altering people's perceptions of risk in the in the credit markets now clearly bank of england the u.s. federal reserve bank the central bank of europe they don't want people to perceive there could be any risk but they don't want people to perceive there's only inflation so they keep interest rates near zero percent that's part propaganda meanwhile energy and food are going to all time highs now people say well what's the difference there to manipulate the price of the upside of the downside they're still making money the difference is that at the end of the day they're flooding these markets with feel bad currency and causing massive inflation and loss of purchasing power and negative real interest rates and lending to people like in athens or blowing their brains out thank you blight master you murderer you put of course the guy said clive ok now when you takes over the five

and the mir is second class and second overall the pelican of london is eighth sing class and eleventh overall. the ship's galley has its own race against time when it comes to feeding almost two hundred people four times a day speed is of the essence the cooks have to work almost around the clock so in such places. like detroit to make the first tasty during a race we normally cook food separately when you have a tilt he called me good health food would be burned to the other half wind up on the floor so taking in potions is much more convenient. on the second evening of the race that steam hardly has any work to do the wind is still quite weak changing the configuration of the sails is pointless cadet project going takes time out to explain why people still like sail boats pushing to get back this is the only place where you can feel the thrill of the wind swaying you from side to side while you're up there hanging on to the mast also a sailboat promotes the spirit of comradeship it builds character and your ability to stand up to the elements true it's a tough job setting sail was e

peters from occupy london by me calling from london and david graber from occupied new york so i want to put this program in really sort of two parts the first part so i want to understand how occupy came to be. sort of people who are involved political background for organizing it and conducting its affairs and spreading it and then look into where it's going to go. david where where do you think this movement came to eventually cause you'll be patient zuccotti park and then spread out to the rest of united states or i think there's been sort of a global movement that i'm in i guess it started in tunisia and sort of swept across the mediterranean greece spain was really the same movement that in america there a lot of people from greece and spain were involved in the very early days and even before the occupation of parking or putting it together so that i think there's really a global ferment alexy you are involved in this us day of rage back in may two thousand and ten but did you see that as as the time of going into sort of. the transition from cyberspace to meatspace or is there

in london. >>> let's turn to politics. president obama and mitt romney easing back into campaign mode. david axelrod set the tone for the day sending thought tweet, tax returns. blunders. bain. ma records and now key documents from the olympics. when it comes to secrecy, mitt takes the gold. axel rod attached a link to a new report showing internal documents from when romney presided over the 2002 winter olympics in salt lake city would not be available to the public and were likely to be destroyed by olympic officials. that includes financial documents, contracts, calendars and e-mail which may have offered insight into how romney operated as the committee's president and seceo. romney defended himself last night. >> i'm afraid what's primarily come from the president's campaign has been a series of attacks on me for my private sector work. by the way for which i'm very proud. recently the olympics which i'm also very proud of. and, of course, my leadership in massachusetts. i think i was able

we're a london base company and have a small dj station and have dj's from 7:00 p.m. until one in the morning for our guests only. >> okay. any questions from the commission? >> you're saying on the application the program is programmed from london or prerecorded? how does it work? >> we have prerecorded lunch for music and until the live dj arrives and that is phased out and the dj will play live for five or six hours and then we will turn that back on again. >> okay. >> is there a dance floor there? >> we could but only for special occasions and new years eve and bars and dining rooms and not room for a dance floor. i think the other exception would be a buy out for the entire space. we would make space for it. >> right. >> i think this is your multi-million dollar question. >> yeah, my barber -- don't laugh but i have a barber and she told me about this restaurant coming from london and she said -- is this chinese. >> chinese. >> she said it's the most expensive chinese strawrnd -- would it be the world? >> yes. it probably would be considered that but one other cl

anything in london these days based on how they perform in the long run. this $2 billion is not a big number in the balance sheet of chase, but it's reflective of what's going on in the company that's president bush,. >> the shareholders should be anger. and in london they've been voting ceos out over high compensation and poor performance. jp morgan's stock is the same place that it was in 1997. shareholders should be getting angry, not just the regulators. what we need to do is transform some of the insensitives. jp morgan is not just cammibling with their shareholders money. they're gambling with the depositors money and our money. the fdic ensures their deposits. back in '08, '09, they said from the financial industry you go issue debt and we'll guarantee it because they had a tough time selling it. jp morgan issued a 10s of billions of debt, and they have not yet refinances that. apart from the free money they're getting from the fed they are using our guarantee and our money in effect to do these sorts of things. i think this should shut them up once

morgan london manipulating the c.d.s. market altering people's perceptions of risk in the credit markets we saw the same thing with a libel rate altering people's perceptions of risk in the in the credit markets now clearly the bank of england the u.s. federal reserve bank the central bank of europe they don't want people to perceive there to be any risk but they don't want people to perceive there's only inflation so they keep interest rates near zero percent that's part of propaganda meanwhile energy and food are going to all time highs now people say well what's the difference if they're really the price on the up side of the downside they're still making money the difference is that at the end of the day they're flooding these markets with currency and causing massive inflation and loss of purchasing power and negative real interest rates and lending to people like in athens or blowing their brains out thank you fly faster you murderer you put a pool the guy said life ok now when you takes over the five hundred what h

i spoke with olympian ryan hall before he boarded the plane to get to london. ryan, thank you for joining us. i know you are on the way to the olympics. we are excited about you winning the gold in the mara thon, if you do, we know thires may - the i.r.s. may come after you and bust you in $#000 worth of taxings. before the discussion of the mara thon. how do you feel about being taxed for a medal. >> i may not be the best authority to figure if it is right or on. what a wonderful problem to have. i have a medal around my tax and worry about paying taxes. and i get there and the medal. i would be glad to kick back the cash. >> that is a great attitude to have. i guarantee you if you git the medal i.r.s. will find you for sure. going back to beijing before setting the stage for london. it is not what you hoped for. you trained and prepared and anticipation and people thought you would win the gold there and you came in 10th. talk about the disappointment from beijing. >> it was a disappointment and i had higher hopes of getting on i was right there at closing ce

morgan in london you can just claim well the papers missing it got washed away and meanwhile germany will be looking for gold and the us will say no the water dissolved gold but we'll give you this paper instead. well actually as a largely from the automatic earth dot com points out the d.t.c. see again which is owned by the wall street banks which also only new york fed where they spent a huge amount of money to protect some traditional gold and they spend no money as you see i'll show you an image of the d.c.c. building you see is huge tall fifty five stories some how the paper thirteen point two trillion of the thirty five trillion apparently washed away that paper washed away but largely points out that the d.t.c. has been for years trying to get all the wall street banks to deal with serialized not ask for the collection of the actual paper now they break down from the automatic earth is about the paper they're the thirteen point trillion if you divide it into one point three million pieces of paper that would have equal about ten million in stock value in each certificate so ho

. >> at the design studio in london they can not only conceive products, they can make them, thanks to a technology that is falling in price and so becoming more accessible. it allows you to make just about anything. i'm being scanned with software, then building a precise template of my face. that will then be used to print out a 3-d me. so i've been scanned. what's next in the process? >> we prepare it into a print-ready file and we take you over here to this machine. >> you don't have to send it off to a factory somewhere? >> no, right here. it's an office-friendly machine that sits in a corner. and this will print your file layer by layer. it's a whole new way of producing particular customized objects. >> the process is also called additive manufacturing, because it involves building up layer by layer, rather than pressing them out. right now a limited range of materials can be used. plastics and resins. but the first metal printers are now emerging. however, there's a big fall in prices that's driving takeup. in 2002 even a budget 3-d printer might have cost 20,000 pounds. today

when we think about the losses coming out of the cio in london did those losses stay in london or did the 30 billion or more drop in your market value impact your shareholders here in the u.s.? >> yes, it did affect our shareholders. yes. >> but you have lobbied very strongly and answered mr. frank. you do believe the foreign markets should be exempt from the extra territorial regulations that we're proposing here and if this impacted your shareholders here why do you continue to take that position? >> i think i said the overseas operation with the fed and the occ. these things went and collateralized. the reason we're careful about overseas competition, if j.p. morgan operates under a different rule than our foreign competitors we can no longer provide the best product and services to the foreign clients and that's why we're concerned about extra territoriality. if we compete we give our clients which include major u.s. companies better deals. they will go elsewhere if we can't give them the best possible deal no matter how much they like us. >> so you take that position despite the

returning to london for the xxx olympiad duestined. dad because of his style in the track saw old london and friends of long ago with new eyes and lots of laughter. >> it is very different here. >> reporter: fellow 48er made the return, too. >> it's reliving what we did in 1948 and the majority that we have were able to handle it now. your dad and i couldn't handle it in 1948 but today we are ready. >> reporter: 1968 olympian whose world record jump stood for more than 20 years says he owes much of his olympic success to men like dad. >> i read about him through my coach, larry ellis. he said these are the great ones that came before you. these are model guys to look at. this is a real treat to have him here. >> reporter: the journey to london with dad and my brother was filled with golden moments like this. >> i would like to take your picture. >> reporter: at lunches and galas honoring unforgettable athletes. other highlights, this historic supercity of london transformed through a host of modern sports venues. beach volleyball. we h

peters from occupy london by me calling from occupy london and david graber from occupied new york so i want to split this program in really sort of two parts the first part so i want to understand how occupy came to be the sort of people who are involved political background for organizing it and conducting its affairs and spreading it and then look into where it's going to go. david where where do you think this movement came to eventually cause you'll be patient zuccotti park and then spread out to the rest of united states or i think there's been sort of a global movement that i'm in i guess it started in tunisia and sort of swept across the mediterranean greece spain was really the same movement that hit america there out of people from greece and spain who were involved in the very early days and even before the occupation of parking or putting it together so that i think there's really a global ferment alexy you are involved in this us day of rage back in late two thousand and ten but did you see that as as the time of going into sort of. the transition from cyberspace to meats

returning to london for the xxx olympiad duestined. dad because of his style in the track saw old london and friends of long ago with new eyes and lots of laughter. >> it is very diffent here. >> reporter: fellow 48er made the return, too. >> it's reliving what we did in 1948 and the majority that we have were able to handle it now. your dad and i couldn't handle it in 1948 but today we are ready. >> reporter: 1968 olympian whose world record jump stood for more than 20 years says he owes much of his olympic success to men like dad. >> read about him through my coach, larry ellis. he said these are the great ones that came before you. these are model guys to look at. this is a real treat to have him here. >> reporter: the journey to london with dad and my brother was filled with golden moments like this. >> i would like to take your picture. >> reporter: at lunches and galas honoring unforgettable athletes. other highlights, this historic supercity of london transformed through a host of modern sports venues. beach volleyball. we have

we do the show in london too because a lot of front row seat and watched the city of london collapse they have the lowest stock pile of gold as a relative to percentage the g.d.p. of any of the g. twenty nations gordon brown foolishly sold half their gold at a you know one hundred year low and now that the sovereign banks around the world are buying gold and their sovereign bond markets topping out of getting ready to crash then the u.k. is at risk the british pound is already crashed against gold and so for how badly want to crash going forward a lot worse that's why we're here to watch the carnage behind me in london to bring it to you the viewer around the world germans if you're upset by how badly the u.s. in london as screwed you at least watch this show because we'll try to get some retribution in as david cameron will call it in his speech why he should bashing honey oh damn it you're so bad why did you store your purse with them oh i was so frightened for david cameron is seeking retribution oh so scared go back to some of that you know back style shower pleasure. just be fra

we'll be going to london live to update you. and if you do have to go out today, you can continue watching cnn there your mobile phone and also from your desktop. cnn.com/tv. >>> a pretty stunning defeat for one of the most decorated owe himmi himmi owe limpiance. a rather surprising outcome. ped droe, this is exactly what the olympic games are all about. you never know. they're full of surprises. you can't presume you know what the outcome will be. >> you're right. and this is a major story because not only did phelps fail to win the gold, he missed out a medal all together. so ryan lochte pretty much took michael back to school and taught him a lesson. he told michael phelps in the pool that he's got to step up his game if he's going to have a chance of picking up some titles here in london over the next ten days. he was like dynamite out there in the aquatic center. he led from start to pin finish. and phelps was fourth. brazil got the silver. japan with the bronze. it's a case of michael pick up the pieces and trying to figu

of happiness building genuine wealthy is also an adjunct professor at the university of alberta in london we have summer he is a researcher and data expert at the new economics foundation center for wellbeing and also in london we have christopher snowdon he's a research fellow at the institute of economic affairs all right gentlemen this is cross-eyed that means you can jump in anytime you want mark do you believe in an index of happiness because we all know what g.d.p. is we can all follow the stock markets and we know what financial institutions are doing if they're going up or down we know about mortgages we know just about everything you can imagine about the economy except for maybe if people are happy i think we should believe we already have the gallup well-being index the united states so we already are setting precedent i think we need a new accounting system not simply another index by the accounting system that actually measures well being ok christopher what do you think about that can you do it can you i can measure g.d.p. but can i how could how do you measure happiness. al

when voyage from sydney to london was completed in 73 days. >> much more on all that at the website. have a look. this is "bbc world news." our headline today, james murdoch's giving evidence about the u.k. newspaper operations of his father's media empire. >> and sports, barcelona and chelsea have their eyes on the champions league final next month. who will make it through? it is all it to play for later on tuesday. >> speaking about the moment she suffered a bad a cardiac arrest on the football pitch. dancing to the olympic beach. poking their place. that is all coming up in 30 man's time. -- minutes' time. fighting and pakistan has sparked an exodus of refugees. thousands of people streaming into refugee camps every day. the army stepped up its fight against the military group. the fighting has forced to enter a thousand people to flee the violence and the united nations is now warning that the humanitarian crisis could spiral out of control. >> this is a test of the agencies to cope with the unexpected. i have to say i am impressed with our humanitarian partners and how they are

r t east london. that's not what else is happening around the world in a world of paper shufflers and used to gas and water cannons to disperse tens of thousands in the streets of ankara they've been celebrating the founding of the turkish republic demonstrators were brutally stopped as they tried to commemorate the stuff the founder of the secular state which many think is under threat from a shift towards increasingly islamic policies the really been banned by the government but citizens still voice their anger of the country's current problems including turkey syria tensions. so counting is underway after ukraine's parliamentary election with over seventy five percent of the ballots counted the ruling party leads but opposition parties have more votes in total could pose problems for president viktor yanukovych the opposition promises to impeach him thought constitutional violations if they gain enough influence in parliament elections were criticized by european observers who said they lacked the

morgan in london you can just claim well the papers missing it got washed away and meanwhile germany will be looking for gold and the u.s. will say no the water dissolved gold but we'll give you this paper and since then. ah. well actually as a largely from the automatic earth dot com points out the d.t.c. see again which is owned by the wall street banks which also owns a new york fed where they spent a huge amount of money to protect some traditional gold and they spend no money as you see i'll show you an image of the d.c.c. building you see is huge tall fifty five stories somehow the paper thirteen point two trillion of the thirty five trillion apparently washed away that paper washed away but largely points out that d.t.c. has been for years trying to get all the wall street banks to dean materialize not ask for the collection of the actual paper now they break down from the automatic earth is about the paper they're the thirteen point trillion if you divide it into one point three million pieces of paper that would have equal about ten million in stock value in each certificate

. >> did ap take any action against anybody else involved in this, in london or in new york? >> no. however, i can tell you from the stories inside ap that some people became very paralyzed by it and were upset by it and reacted differently throughout their careers. >> this is london calling. >> i'm afraid it's my desk but that's the end of that. >> there have been stories from people who were assigned great reports have come in, especially in the past week, that so-and-so would not move certain stories of a certain magnitude, that they had to be passed to somebody else to edit and move and somebody was hired in a bureau job and i won't mention the bureau and just recounted this incident to the journalists who started on his first day on the job in the ap. so there were stories passed on through decades and that happens in all journalist institutions and in all professions. a lot of the medical profession is an oral culture and we do, too. the roles are established in the hallways and you learn the ropes and these stories were passed on and what happened. and that's why there's been

we do the show in london too because a lot of front row seat and watched the city of london collapse they have the lowest stock pile of gold as a relative to percentage the g.d.p. of any of the g. twenty nations gordon brown foolishly sold half their gold at a you know one hundred year low and now that the sovereign banks around the world are buying gold and their sovereign bond markets topping out getting ready to crash then the u.k. is at risk the british pound is already crashed against gold and silver how badly want to crash going forward a lot worse that's why we're here to watch the carnage behind me in london to bring it to you the viewers around the world germans if you're upset by how badly the u.s. in london as screwed you at least watch this show because we'll try to get some retribution in as david cameron will call it in his speech why he should bashing honey oh david you're so bad why did you strain your purse with them oh i was so frightened when david cameron is seeking retribution oh so scared to go back to get some of that you know back style shower pleasure. just b

or is in the process of moving to london. is that correct? >> well, they are very significant operation out of london and they operate as a branch in many countries and they have advocated to this commission that that not be covered by dodd-frank reforms. i have a different view. i hope the commission will vote out to get public comment this thursday and that we don't in essence create another london loophole. >> that's what i want to ask you about. how does your oversight toolbox differ when trades are executed through london opposed to the u.s.? what are those london loopholes that you have described? >> congress has given us some discretion to interpret a provision of the act 722-d as to where the reach of the act and if it has a direct and significant effect on the commerce or activities here in the u.s. than it

if we look at the charts, i think we have decent support in the london aluminum construct. it will be testimony to congress. a lot of people will be watching to see if he does anything about the potential. if we get any kind of comment we could see commodities rise. >> are you looking for the difference of the first trade or is it time to think? >> i probably should take a look at the commission and make look at them. >> they will get some relief? >> exactly. if you look at the chart, that strikes straight down falling fresh multiyear lows. tonight's money in motion trade. ameal owe, you are lucky to see it. why? >> the euro sterling cross is trending upwards much more nicely than the euro dollar pair with with range trading with progressively lower range trading. i could still stay short euro. to rule whether or not they would have an injunction. so that introduces more uncertainty for the the euro. as i said, trending down nicely. i would enter at $78.450, target $76.50. >> good to see you. money in motion every friday here on cnbc. we are just moments away, moments away

potentially london we're in a situation where do we find the physical to deliver against this now you know ok well we are in speculating what may or may not happen but there are a lot of moving policy is a very interesting story and i expect more to come out of it as more people come interested in it but you mention the chain of ownership and all of the byzantine relationships that go on between i publication react publication lazing. in the first half of the show today and we talked about thirteen trillion dollars of stock certificates washing away in hurricane sandy and now according to automatic or at the very popular website it will cost more than two hundred billion to replace those certificates. that seems like a long ball figure first of all and let's say germany in fact had to go the open market replace that goal we're talking about quite a sum of money yes well yes but i mean they wouldn't have to go to sleep it would be them it would be the. paris or wherever they want to be doing the buying on their behalf because clearly they have the chip goldie but they go find it i don'

it was a show that went on until nearly 1:00 here in london. this is what a few of the lucky people to have tickets thought of it. >> awesome! amazing. out of this world. i can't even believe it. >> how did it feel? >> it is such an amazing atmosphe atmosphere, so incredible. there's such a buzz in the studio. >> so in four years' time when you think about this ceremony, what's the one thing we're going to remember? >> the queen coming out of a helicopter. >> there are people still partying here in london. it's ridiculous. it's is 11:00 in the morning still very much the morning after the night before. but as we were all coming in this morning, people were all having parties in their balconies on the street. people are using it as a fantastic excuse to celebrate. >> how are people reacting to the opening ceremonies? was it a success, do they think, or a flop. >> yeah. it's not just the people there. people say in many ways they're made for television all for those in the stadium. this one does seem to have pleased both sets of fans. i've had a

. >>> residents in parts of east london have been put on alert. british officials say the neighborhood could have high velocity weapons this summer. we have details on that. and new rules put in place for members of the secret service following that sex scandal. we have the latest just ahead. it's 5:21 as we head to break a. live picture of new york city, the world trade center in the center of the screen. you are waking up to what's new in baltimore. we will be right back. ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear calorie labels so you know exactly what you're choosing... and in schools, replacing full-calorie soft drinks with lower-calorie options. with more choices and fewer calories, america's beverage companies are delivering. with resolve deep clean powder. the moist powder removes three times more dirt than vacuuming alone while neutralizing odor

morgan in london you can just claim well the paper is missing it got washed away and meanwhile germany will be looking for gold and the u.s. will say you know the water dissolved gold but we'll give you this paper instead. well actually as a largely from the automatic earth dot com points out the d.t.c. see again which is owned by the wall street banks which also own the new york fed where they spent a huge amount of money to protect some traditional gold and they spend no money as you see i'll show you an image of the d.c.c. building you see is huge tall fifty five stories some how the paper thirteen point two trillion of the thirty five trillion apparently washed away that paper washed away but largely points out that d.t.c. has been for years trying to get all the wall street banks to. not ask for the collection of the actual paper now they break down from the automatic earth is about the paper there the thirteen point two trillion if you divide it into one point three million pieces of paper that would have equal about ten million in stock value in each certificate so however becau