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of saudi intelligence, ambassador to the united states and other countries >> and throughout these 80 some years that we have had our kingdom, everybody keeps talking about an uncertain future for the kingdom and because of the sagacity of the people of saudi arabia and the good will of the leadership and the government we have survived pretty well so far we have many problems to face, including syria. many challenges internally among the young people and how the go about the courses of development not just economically but socially and politically and the role of women, etc. all of these are tremendous challenges that are being debated within the kingdom and not coming from the outside. >> rose: tom friedman and prince turki al-faisal when we continue. fb captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: tom friedman is here, he is a pulitzer prize winning columnist in for the "new york times." for more than 30 years he's been writing ant foreign affairs, american politics and so much more. in addition to serving as bureau chief

is still very volatile. >> absolutely, and going forward the united states is going to have to deal with this. to what extent do we make foreign assistance conditional? if so, on what kinds of behavior is? this is not limited to libya of. this is going to be the case in cairo with egypt's going forward. this is going to be an extremely difficult diplomatic process. there are going to be moments of instability, and this is not going to be short lived. i think we are talking about years and decades of uneasy relationships with regimes that are unable or unwilling to be a partner with the united states. >> you have often said this is going to take time, but we have seen what protests in tunis, protests in libya, protests in egypt, you think the washington establishment has come up with a convincing way of dealing with the arab world in light of the arab spring? >> the short answer is no. part of the middle east is i believe there is a reduction of influence for all outsiders. there is also reduction of influence for authority. it is not clear what governments can control, so i think it

, there are conflicting views of beijing's role as banker to the united states government. some see it as a source of leverage, but others see chinese holdings of u.s. debt as an investment with little return. >> it's not invested in their own country. it hasn't been given to their own people. it's a gigantic waste of money. and really, it does not give china leverage over the u.s., because if they used it, they'd only be shooting themselves in the foot. so, in that respect, i think it's as much a symbol of a weak imbalances in the chinese economy as it is of chinese power. >> reporter: and even if the chinese government wanted to sell off u.s. treasuries, it's not clear it could find a buyer. >> the bigger problem is if they announced that they were simply not going to participate in the next treasury auction or the next three or four treasury auctions. that would produce something of a scramble to see who would participate. the result would probably be some increase in interest rates here. >> reporter: but even that seems likely to hurt china as much or more than the united states. china buys u.

. >> warner: the president said the united states would work with the libyan government to track down the perpetrators. >> today, we mourn four more americans who represent the very best of the united states of america. we will not waver in our commitment to see that justice is done for this terrible act. and make no mistake, justice will be done. >> warner: for now, the pentagon ordered special units of marines to libya called "fast" teams, like this detachment shown training, to reinforce security at diplomatic sites in libya. and from tripoli, the president of libya's national assembly echoed the words of his american counterparts. >> ( translated ): we apologize to the united states of america and to the american people and to the whole world for what happened, and at the same time we expect the rest of the world to help us face these cowardly criminal acts. we refuse to use our country's land as a scene of cowardly rs.rilsal >> warner: those reprisals came apparently in response to internet clips of a film titled "the innocence of muslims" that crudely defamed the prophet muhamma

united states and pakistan. >> ok, when you're at the state department, you revise the u.s. government on relations between pakistan and afghanistan. mousavi video president obama put out, this thing -- you saw the video president obama put up, distancing america from the film. does that help? >> it does help. it is the first time united states is taking this kind of innovative pro-active measure. in some ways, you are trying to use this when already a tidal wave has started. it is hard to stop a tidal wave. >> is there anything washington can do? >> keep engaging on an ongoing basis. not this one a crisis happens. also, when we have disagreements with pakastani, we should explain ourselves to them. we should have kept them engaged. where we see the consequences of the collapse of the relationship as we saw today, then we try to come up with these measures, and often they are good, but they are too little to late. >> is that the problem? we have a short-term policy? >> we decided we should punish them, put pressure on pakistan. well, it worked to an extent, but the consequences also pu

to stay as president of the united states. he says he shares the pain and frustration of those who have lost their jobs but have never been more hopeful about america because of its people. this election would be the clearest choice in a generation. >> it will be a choice between two pads for america, between different visions for the future. >> this was not the rhetoric of four years ago. instead it workmanlike presence on the hard path to a better place. he derided his opponent as the same old failed policies of the past. >> have a surplus? try a tax cut. the deficit is too high? try another. stilicho coming on? take to bank tax cuts and rollbacks and regulations and call us in the morning. >> he mocked mitt romney's lack of foreign experience. >> you might not be ready if you cannot visit the olympics without insulting our closest allies. >> scarcely time to catch a breath and both hit the campaign trail. this is what greeted the president. >> we are not better off under president obama. fewer jobs, higher taxes on middle-fu p fuel prices have doubled. >> with the romney campaign is

's accomplished. that and more tonight on "n.b.r."! trade tensions between the united states and china are heating up again. this morning, the two countries challenged each other in the world trade organization. the u.s. is accusing china of illegally subsidizing auto and auto parts exports, and hurting u.s. made goods. and china claims trade laws here, open the door for illegal tariffs on a wide range of chinese products. sylvia hall breaks down what's behind the latest flareup. >> reporter: here in the u.s., the auto and auto parts industries employ about 800,000 american workers. the government says those workers are hurt by the money china gives to subsidize its own auto industry. and in ohio, a key swing state fueled by cars, president obama promised a crack down: >> these are subsidies that directly harm working men and women on the assembly lines in ohio and michigan and across the midwest. it is not right, it is against the rules, and we will not let it stand. >> reporter: the administration said that between 2009 and 2011, the chinese government offered up at least $1 billion in subsidies

will look at its importance in the region and its relationship with the united states. "this is america" visits the republic of kazakhstan. "this is america" is made possible by -- the national education association, the nation's largest advocate for children and public education. poongsan corporation, forging a higher global standard. the ctc foundation, afo communications, and the rotondaro family trust. this year, kazakhstan celebrates its 20th anniversary of independence. on this program, we will learn about what it was like before independence 20 years ago, and how oil and a visionary president made kazakhstan the success it is today and why diversifying its economy will be the key to kazakhstan's even brighter future. >> it was a while the economy, while business economy, and a great economy mainly. today, we have a lot of public companies. our businessmen are doing international joint ventures. if you take the society as a whole, are people became much more open-minded, a free, outspoken people, and we are much different from what we were before. >> has that been exciting to be a

after new years sending the economy into reverse. >> and it's not a threat just for the united states of america. it's a threat for the global economy given the size of the u.s. economy and it's linkages with many other countries around the globe. >> reporter: if the u.s. slows, there may not be anyone left to pick up the slack. even china looks like its growth is faltering. darren gersh, "n.b.r.," washington. >> reporter: i'm diane eastabrook in central illinois. still ahead, the harvest is under way, and farmers are figuring out just how much damage the drought did to their crops. >> tom: that free checking account may not be so free. new regulations are squeezing bank profits, sending banks, both big and small, looking for new ways to bring in revenue. one way is by doing away with the free checking account which was so popular in the late 90's. ruben ramirez reports. >> reporter: dick evans is the c.e.o. of cullen/frost bankers. frost has 115 branches around texas. he says checking account fees are going up because of increased government regulation that went into effect a year ag


to have more competitors, last year the united states had like 87% of the global market, 60 some odd billion dollars. what you'll see is they will not have as high of a share. i think the u.s. company share will drop back closer to 50%. >> tom: does the market shrink as well? or does that market continue to grow even with more competitors? >> well, the market grew substantially this year, primarily because of the threat that many middle east countries perceive from iran so, that was the big uptick in the global market. but again i think that the competition will be in what we call the developing countries, europe is not increasing its defense budget, our budget is going to, it's already going down and it probably will go down even more, even if we don't get sequestration, you will see further reductions as we try to grap well the deficit. >> tom: what's your best guess on this, i know you're in the a company analyst, but do you think this deal passes regulatory muster internationally? >> i think it will, because we had the same questions back in the 90s when we had, for example, lock

problems that we have here in the united states. >> ifill: is there also a problem with coming to some sort of resolution as far as germany and other bank-- money-- money givers go? that somebody else is going to get in line. that if you give greece money, spain is going to be standing there. if you give spain money portugal could be standing there. >> there is this problem of political moral hazard going on which is really, as you say, well, if you give us, let's say, debt relief to greece, well, then you can be pretty sure that other european countries that also have received bailouts will want the same treatment. so what you're trying to do in europe, in minute, is really to-- i believe that ultimately debt relief will have-- further debt relief will have to be given to greece by the euro area governments. but they're really trying to make the road to that so arduous and so terrible that nobody else in europe will really want to go down that route. and as we're looking at greece today-- which has a cumulative decline in g.d.p. of, you know, close to 20% and still dropping-- i think it's

of the greatest nation on earth. thank you. god bless you. and god bless these united states. [crowd cheering] ♪ >> woodruff: president obama making an appeal for the last 37 minutes to americans to re-elect them, telling the delegates in this hall in charlotte, north carolina that he has failings and that the path ahead is not easy. he said that more than once. he described what he wants to do for the next four years, and appeal time and again to americans in so many words to stick with him. the choice could not be clearer he said. >> ifill: his wife and daughters malia and sasha. if you look at the younger daughter i sasha she just shot p in the four years since we've seen them on stage all together. >> bill clinton spoke last night and talked about the better place he wanted to take the country. mark. >> it was stay the course speech to a considerable degree. acknowledging shortcomings but at the same time holding out prospects for a brighter tomorrow. got specific on education, energy, manufacturing. and then an appeal to citizenship which is refreshing and i thought worked. >> woodru

, there is instincts, there's tough calls. >> mr. speaker, the president of the united states. >> woodruff: one of the criticisms of mr. obama's leadership is that he's had so much difficulty winning support from congress. many republicans say that's because he was too beholden to his democratic base. tom davis is a former g.o.p. congressman from virginia. >> when he got elected i think he had every intention of trying to bring everybody together behind him, let's work together, but he had a democratic congress. the minute you go over and sit down with the republicans you'll have pelosi and the democrats fighting saying "we won the election." so the pressure is for him to produce a work product and the republicans weren't going to follow over and say "oh, yeah, let's work together." it's tough situation. when your party controls both houses, those interest groups control the agenda. they don't want to give it away to the other side. >> reporter: but the number two democrat, dick durbin, said the president often took on leaders of his own party. he recounted a late night white house meeting on h


with the european debt crisis, and even within the united states, with it being an election year. >> reporter: but burberry says it has ber luxury goods makers, so it knows it's not alone in seeing the slowdown. as a result, luxury good stocks like lvmh, tiffany, and coach also fell today, although they didn't get hit nearly as hard as burberry. it's not just luxury firms getting hurt by the global slowdown. many other bellwether firms have said revenues are suffering due to weaker sales in china, europe and elsewhere. in the s&p 500, there have been 88 negative pre-announcements for the third quarter so far, and only 20 positive ones. >> the number of negative pre- announcements we've received is the worst in over a decade. we've already seen analysts become very bearish on these companies. >> reporter: last week, chipmaker intel drastically reduced its sales forecast, warning consumers and businesses are buying fewer personal computers. the company also withdrew its full-year guidance, which isid seen as a sign of extreme uncertainty. and fedex recently cut its earnings forecast due to slow

such as in europe. >> tom: i want to ask about demand here in the united states, because natural gas prices have been very low for quite some period of time thanks to new drilling techniques that have led to an abundance of natural gas. how high are natural gas prices have to go in order for your industry, the coal miners, to begin to see a pickup in demand domestically? >> well, when we see gas get back to the $3 range, coal will be back in money in terms of dispatching the electricity market. i think it's public policys that don't allow us to compete and we're starting to see what we believe are bad public policys that are going to carry bad chemical weaponss for american business and american consumers. >> tom: i want to ask you about one of those, an e. p. a. rule that would require plants built after april 2013, power plants, to have carbon capture technology. what kind of impact may that have on coal demand there after? >> well, tom, that is a policy that says we're not going to invest in the future of coal and future of clean coal technology, because if you're going to require something t

for coal. >> you have say unique sper spective. you say coal provides 10% of the electricity in the united states. what's your take on economic demand as we move into the new year? >> well, what we're not seeing is strong industrial and manufacturing demand. not to say that we're not seeing growth in certain areas. i think in terms of economic activity. we're seeing a little growth, but it's not to the point where it needs to be in our view to make a fundamental difference to getting the economy where it ought to be in terms of higher levels of gdp growth. we appreciate the insights. it's greg boyce, the ceo of peabody energy. you can see our entire interview online at nbr.com. also online, how do long-term investors fit into the market in this age of high-frequency trading? visit nbr.com. tomorrow on nbr, home prices aren't the only things going up in housing-- the cost of land also is on the rise. and the latest efforts for parents and students to make better financial decisions when it comes to paying for college. could this hail mary pass force a breakthrough in one of the country's hi

, the ability to grab market share. it has continued to see its market share erode down to 10% in the united states now compared to google and apple which have been growing their share. >> well, there is positives in the results and it was nice to see the total subscriber base grow to that 80 million it is important to remember that the company still saw revenue decline by 31% on a year-over-year basis. the number of units that were shipped, that 7.4 million for the entire quarter that compared to the 5 million apple sold and on its first weekend of sales are for thix phone 5. so this is a company that has-losing share, people view the platform as being behind the curve technologically and they still have a lot of ground to cover to catch up. >> does it have any price pog we are when it comes to its new device the blackberry -- in other words, it may not make it up on volume but can it continue to see margins and perhaps even increase margins within the company posted a loss this quarter and the expectations are they are going to post a loss in the next your as well. so they are not driving

, when should united nations or member states intervene? >> well, these are different situations. in libya, i think we've been right in intervening because gaddafi was a dictator, and you remember that there was a sort of libyan spring, and nobody was possible because of gaddafi. therefore, a decision was taken to intervene. >> rose: is the principle you don't intervene no matter how atroacials the acts of the government in power, if in fact they have a member of the security council who opposes? or if in fact they have an army which will make it a very bloody affair. >> no. >> rose: are those the rules? >> no. the rule is because of veto if one or two people-- nations -- permanent security members-- we cannot contribute because our principle is to intervene only if we have a legal authorization. and up to now, three times, russia and china say no. and, therefore, up to now, we haven't been able to intervene. which is a humanitarian catastrophe. because every day you have more than 200 people killed. and because the security council doesn't say yes, we can't do anything. no, it's

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